Quarterly report pursuant to Section 13 or 15(d)

Deferred Revenue

v2.4.1.9
Deferred Revenue
 9 Months Ended
Dec. 31, 2014
Deferred Revenue  
Deferred Revenue

 

 

13.  Deferred Revenue

 

Changes in deferred revenue are as follows during the nine months ended December 31, 2014 (in thousands):

 

FPP Balance, beginning of the period

 

$
2,061

 

FPP Billings

 
7,053

 

FPP Revenue recognized

 
(6,694

)

Balance attributed to FPP contracts

 
2,420

 

Deposits

 
4,176

 

Deferred revenue balance, end of the period

 

$
6,596

 

 

Comprehensive Factory Protection Plan (“FPP”) deferred revenue represents the unearned portion of these 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.