Quarterly report pursuant to Section 13 or 15(d)

Deferred Revenue

v3.3.0.814
Deferred Revenue
 6 Months Ended
Sep. 30, 2015
Deferred Revenue  
Deferred Revenue

 

13.  Deferred Revenue

 

Changes in deferred revenue during the six months ended September 30, 2015 are as follows (in thousands):

 

FPP Balance, beginning of the period

 

$
2,491

 

FPP Billings

 
5,542

 

FPP Revenue recognized

 
(5,442

)

 

 

 

 

Balance attributed to FPP contracts

 
2,591

 

Deposits

 
836

 

 

 

 

 

Deferred revenue balance, end of the period

 

$
3,427

 

 

 

 

 

 

 

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