Annual report pursuant to Section 13 and 15(d)

Deferred Revenue

Deferred Revenue

12 Months Ended

Mar. 31, 2013

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.

- Definition

The entire disclosure for deferred revenues at the end of the reporting period, and description and amounts of significant changes that occurred during the reporting period. Deferred revenue is a liability as of the balance sheet date related to a revenue producing activity for which revenue has not yet been recognized. Generally, an entity records deferred revenue when it receives consideration from a customer before achieving certain criteria that must be met for revenue to be recognized in conformity with GAAP.

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