Annual report pursuant to Section 13 and 15(d)

Deferred Revenue

v3.8.0.1
Deferred Revenue
 12 Months Ended
Mar. 31, 2018
Deferred Revenue  
Deferred Revenue

7. Deferred Revenue

Changes in deferred revenue are as follows as of March 31, 2018 and 2017 (in thousands):

 

 

 

 

 

 

 

 

 

    

2018

    

2017

 

FPP Balance, beginning of the period

 

$

3,414

 

$

2,929

 

FPP Billings

 

 

15,138

 

 

13,447

 

FPP Revenue recognized

 

 

(15,003)

 

 

(12,962)

 

Balance attributed to FPP contracts

 

 

3,549

 

 

3,414

 

Distributor Support System

 

 

1,087

 

 

 

 

Deposits

 

 

1,960

 

 

1,636

 

Deferred revenue balance, end of the period

 

$

6,596

 

$

5,050

 

 

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.