v3.26.1
DEFERRED REVENUE
12 Months Ended
Dec. 31, 2025
Revenue from Contract with Customer [Abstract]  
DEFERRED REVENUE
8. DEFERRED REVENUE
The balances in deferred revenue as of December 31, 2025 and 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.
(In thousands)
Current deferred revenue, December 31, 2024$9,595 
Additions
11,106 
Less: revenue recognized and other
(10,579)
Current deferred revenue, December 31, 2025$10,122 
An update of noncurrent deferred revenue follows.
(In thousands)
Noncurrent deferred revenue, December 31, 2024$25,373 
Additions
3,953 
Less: reclassification to current deferred revenue and other
(10,928)
Noncurrent deferred revenue, December 31, 2025$18,398