Annual report pursuant to Section 13 and 15(d)

Revenue Recognition

v3.20.4
Revenue Recognition
12 Months Ended
Dec. 31, 2020
Revenue from Contract with Customer [Abstract]  
Revenue Recognition Revenue Recognition
Disaggregation of Revenue

Revenue is disaggregated by source of revenue as follows (in thousands):
Successor Company Predecessor Company
Year Ended December 31, 2020 Period from September 1, 2019 through December 31, 2019 Period from January 1, 2019 through August 31, 2019 Year Ended December 31, 2018
Alarm monitoring revenue $ 456,571  $ 147,646  $ 319,172  $ 498,236 
Product, installation and service revenue 42,309  12,671  19,111  38,455 
Other revenue 4,717  1,902  4,003  3,667 
Total Net revenue $ 503,597  $ 162,219  $ 342,286  $ 540,358 
Contract Balances

The following table provides information about receivables, contract assets and contract liabilities from contracts with customers (in thousands):
December 31,
2020
December 31,
2019
Trade receivables, net $ 13,360  $ 12,083 
Contract assets, net - current portion (a) $ 13,982  $ 12,070 
Contract assets, net - long-term portion (b) $ 16,319  $ 14,852 
Deferred revenue $ 13,300  $ 12,008 

(a)        Amount is included in Prepaid and other current assets in the consolidated balance sheets.
(b)        Amount is included in Other assets in the consolidated balance sheets.