Quarterly report pursuant to Section 13 or 15(d)

Deferred Revenue

v3.5.0.2
Deferred Revenue
 3 Months Ended
Jun. 30, 2016
Deferred Revenue  
Deferred Revenue

13.  Deferred Revenue

Changes in deferred revenue during the first quarter of Fiscal 2017 are as follows (in thousands):

 

 

 

 

 

FPP Balance, beginning of the period

 

$
2,929

 

FPP Billings

 

 
3,706

 

FPP Revenue recognized

 

 
(2,924)

 

Balance attributed to FPP contracts

 

 
3,711

 

Deposits

 

 
2,520

 

Deferred revenue balance, end of the period

 

$
6,231

 

 

Deferred revenue attributed to Comprehensive Factory Protection Plan (“FPP”) contracts represents the unearned portion of the 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.