Quarterly report pursuant to Section 13 or 15(d)

Revenue Related Disclosures (Tables)

v3.22.2
Revenue Related Disclosures (Tables)
6 Months Ended
Jun. 30, 2022
Revenue from Contract with Customer [Abstract]  
Schedule of Changes in Deferred Revenue

The changes in deferred revenue were as follows (in thousands):

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Beginning balance

$

35,508

 

 

$

25,008

 

 

$

26,710

 

 

$

24,579

 

Deferred revenues acquired (Note 4 - Business Acquisitions)

 

 

 

 

 

 

 

5,382

 

 

 

 

New billings

 

20,179

 

 

 

9,179

 

 

 

44,705

 

 

 

24,824

 

Revenue recognized during the period from beginning balance

 

(13,361

)

 

 

(10,932

)

 

 

(19,549

)

 

 

(18,642

)

Revenue recognized during the period from new billings

 

(6,563

)

 

 

(3,466

)

 

 

(21,492

)

 

 

(10,970

)

Foreign currency impact

 

(7

)

 

 

2

 

 

 

 

 

 

 

Ending balance

$

35,756

 

 

$

19,791

 

 

$

35,756

 

 

$

19,791

 

 

 

 

 

 

Schedule of Remaining Performance Obligations for Contractually Committed Revenues

The following table presents remaining performance obligations for contractually committed revenues as of June 30, 2022 (in thousands):

 

2022

 

 

 

 

 

 

$

32,078

 

2023

 

 

 

 

 

 

 

41,313

 

2024

 

 

 

 

 

 

 

25,887

 

Thereafter

 

 

 

 

 

 

 

13,588

 

Total

 

 

 

 

 

 

$

112,866