Annual report pursuant to Section 13 and 15(d)

Deferred Revenue

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Deferred Revenue
12 Months Ended
Mar. 31, 2013
Deferred Revenue  
Deferred Revenue

7. Deferred Revenue

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

 
  2013  

FPP Balance, beginning of the period

  $ 1,167  

FPP Billings

    5,884  

FPP Revenue recognized

    (5,639 )
       

Balance attributed to FPP contracts

    1,412  

Deposits

    1,677  
       

Deferred revenue balance, end of the period

  $ 3,089  
       

        Comprehensive Factory Protection Plan ("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.