Annual report pursuant to Section 13 and 15(d)

Deferred Revenue

v2.4.0.8
Deferred Revenue
 12 Months Ended
Mar. 31, 2014
Deferred Revenue  
Deferred Revenue

7. Deferred Revenue

        Changes in deferred revenue are as follows as of March 31, 2014 and 2013 (in thousands):

 
   2014   2013  

FPP Balance, beginning of the period

   $ 1,412   $ 1,167  

FPP Billings

     7,689     5,884  

FPP Revenue recognized

     (7,040 )   (5,639 )
           
​ ​ ​ ​ ​ ​ ​ ​

Balance attributed to FPP contracts

     2,061     1,412  

Deposits

     596     1,677  
           
​ ​ ​ ​ ​ ​ ​ ​

Deferred revenue balance, end of the period

   $ 2,657   $ 3,089  
           
​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​
           

        Comprehensive FPP deferred revenue represents the unearned portion of our agreements. FPP agreements are generally paid quarterly in advance with revenue recognized on a straight line basis over the contract period. Deposits are primarily non-refundable cash payments from distributors for future orders.