Quarterly report pursuant to Section 13 or 15(d)

Deferred Revenue

v2.4.0.8
Deferred Revenue
3 Months Ended
Jun. 30, 2014
Deferred Revenue  
Deferred Revenue

13.  Deferred Revenue

 

Changes in deferred revenue are as follows during the first quarter of Fiscal 2015 (in thousands):

 

FPP Balance, beginning of the period

 

$

2,061

 

FPP Billings

 

1,681

 

FPP Revenue recognized

 

(2,007

)

Balance attributed to FPP contracts

 

1,735

 

Deposits

 

369

 

Deferred revenue balance, end of the period

 

$

2,104

 

 

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.