XML 20 R9.htm IDEA: XBRL DOCUMENT v3.22.4
REVENUE RECOGNITION
9 Months Ended
Dec. 31, 2022
Revenue from Contract with Customer [Abstract]  
REVENUE RECOGNITION REVENUE RECOGNITION
Disaggregation of Revenue
The Company disaggregates its revenue by geographic region. See Note 12. Geographical Information.
Contract Balances
The following table provides amounts of receivables, contract assets, and deferred revenue from contracts with customers:
 December 31, 2022March 31, 2022
Accounts receivable, net$53,811 $57,400 
Contract assets, current12,392 10,514 
Contract assets, non-current11,060 15,171 
Deferred revenue, current34,207 34,262 
Deferred revenue, non-current10,480 11,430 
Contract assets, current, contract assets, non-current, deferred revenue, current and deferred revenue, non-current are recorded on the Condensed Consolidated Balance Sheets in Other current assets, Other assets, and Other liabilities, non-current, respectively.
During the nine months ended December 31, 2022, the Company recognized revenues of approximately $31.5 million that were included in deferred revenue at the beginning of the fiscal year.
Remaining Performance Obligations
The Company's subscription terms typically range from one to five years. Contract revenue from the remaining performance obligations that had not yet been recognized as of December 31, 2022 was approximately $750.0 million. This amount excludes contracts with an original expected length of less than one year. The Company expects to recognize revenue on approximately 80% of the remaining performance obligations over the next 36 months and approximately 20% over the remainder of the contract period.
For purposes of this disclosure, the Company excludes contracts with an original expected length of less than one year. Since the new and renewal contracts entered into with customers are generally for terms of one year or longer, updating this disclosure to include contracts with a term of one year or more presents a more appropriate measure of the Company's remaining performance obligations.
Deferred Sales Commission Costs
Amortization of deferred sales commission costs for the three and nine months ended December 31, 2022 was $9.7 million and $28.5 million, respectively. Amortization of deferred sales commission costs for the three and nine months ended December 31, 2021 was $8.7 million and $25.6 million, respectively. There were no material write-offs during the three and nine months ended December 31, 2022 and 2021.