Annual report pursuant to Section 13 and 15(d)

Deferred Revenue

v3.4.0.3
Deferred Revenue
 12 Months Ended
Mar. 31, 2016
Deferred Revenue  
Deferred Revenue

7. Deferred Revenue

Changes in deferred revenue are as follows as of March 31, 2016, 2015 and 2014 (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

    

2016

    

2015

    

2014

 

FPP Balance, beginning of the period

 

$
2,491

 

$
2,061

 

$
1,412

 

FPP Billings

 

 
11,419

 

 
9,773

 

 
7,689

 

FPP Revenue recognized

 

 
(10,981)

 

 
(9,343)

 

 
(7,040)

 

Balance attributed to FPP contracts

 

 
2,929

 

 
2,491

 

 
2,061

 

Deposits

 

 
1,439

 

 
560

 

 
596

 

Deferred revenue balance, end of the period

 

$
4,368

 

$
3,051

 

$
2,657

 

 

Deferred revenue attributed to FPP contracts 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.