v3.25.2
DEFERRED REVENUE
6 Months Ended
Jun. 30, 2025
Revenue from Contract with Customer [Abstract]  
DEFERRED REVENUE
7. DEFERRED REVENUE
The balances in deferred revenue as of June 30, 2025 and December 31, 2024 are primarily related to contributions in aid of construction which will be recognized as revenue over the life of the contract. An update of current deferred revenue follows.
Total
(In thousands)
Current deferred revenue, December 31, 2024$9,595 
Add: additions
4,092 
Less: revenue recognized and other
(3,876)
Current deferred revenue, June 30, 2025$9,811 
An update of noncurrent deferred revenue follows.
Total
(In thousands)
Noncurrent deferred revenue, December 31, 2024$25,373 
Add: additions
781 
Less: reclassification to current deferred revenue and other
(3,958)
Noncurrent deferred revenue, June 30, 2025$22,196