Quarterly report pursuant to Section 13 or 15(d)

Deferred Revenue

v3.2.0.727
Deferred Revenue
 3 Months Ended
Jun. 30, 2015
Deferred Revenue  
Deferred Revenue

 

13.  Deferred Revenue

 

Changes in deferred revenue are as follows during the first quarter of Fiscal 2016 (in thousands):

 

FPP Balance, beginning of the period

 

$
2,491

 

FPP Billings

 
2,528

 

FPP Revenue recognized

 
(2,606

)

 

 

 

 

Balance attributed to FPP contracts

 
2,413

 

Deposits

 
899

 

 

 

 

 

Deferred revenue balance, end of the period

 

$
3,312

 

 

 

 

 

 

 

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.