REVENUE

3 Months Ended

Jun. 30, 2019

Revenue from Contract with Customer [Abstract]

NOTE 6: REVENUE

Nature of Products and Services

Based on how the Company manages its business, the Company has determined that it currently operates in one reportable segment. The Company operates in three geographic regions: (a) Americas; (b) Europe, Middle East and Africa (“EMEA”); and Asia Pacific (“APAC”). Revenue by geography is based on the location of the customer from which the revenue is earned.

In the following table, revenue is disaggregated by major product offering and geographies (in thousands):


	Three months ended June 30, 2019
	Americas		Europe		Asia Pacific		Consolidated
Primary storage systems	$	10,013	$	4,080	$	1,452	$	15,545
Secondary storage systems		23,697		9,655		3,437		36,789
Device and media		8,671		3,533		1,258		13,462
Service		21,571		9,223		2,587		33,381
Royalty		*		*		*		6,454

Total Revenue							$	105,631


	Three months ended June 30, 2018
	Americas		Europe		Asia Pacific		Consolidated
Primary storage systems	$	9,179	$	5,315	$	1,460	$	15,954
Secondary storage systems		19,011		11,008		3,023		33,042
Device and media		10,283		5,954		1,636		17,873
Service		21,689		9,274		2,601		33,564
Royalty		*		*		*		7,079

Total Revenue							$	107,512

*	Royalty revenue is not allocable to geographic regions.

Contract Balances

The following table presents the Company’s contract liabilities and certain information related to this balance as of and for the three months ended June 30, 2019 (in thousands):


	June 30, 2019
Contract liabilities (deferred revenue)	$	119,977
Revenue recognized in the period from amounts included in contract liabilities at the beginning of the period	$	28,527

Remaining Performance Obligations

Transaction price allocated to the remaining performance obligations represents contracted revenue that has not yet been recognized, which includes deferred revenue and contractually agreed upon amounts, yet to be invoiced, that will be recognized as revenue in future periods. Remaining performance obligations are subject to change and are affected by several factors, including terminations, changes in the scope of contracts, adjustments for revenue that have not materialized and foreign exchange adjustments. The Company applied the practical expedient in accordance within ASC 606,

Revenue from Contracts with Customers

(“ASC 606”), to exclude amounts for variable consideration constituting a sale- or usage-based royalty promised in exchange for a license of intellectual property from remaining performance obligations.

Remaining performance obligation consisted of the following (in thousands):


	Current		Non-Current		Total
As of June 30, 2019	$	110,561	$	47,151	$	157,712

The Company expects to recognize approximately 70% of the remaining performance obligations within the next 12 months. The majority of the Company’s noncurrent remaining performance obligations is expected to be recognized in the next 13 to 60 months.