DEFERRED REVENUE

6 Months Ended

Jun. 30, 2016

10. DEFERRED REVENUE


(in thousands)	June 30, 2016		December 31, 2015
Software license	$	30,986	$	40,886
Maintenance		96,404		95,262
Cloud		9,686		8,948
Services		7,446		10,777

Current deferred revenue		144,522		155,873

Software license		9,356		12,389
Maintenance and services		2,143		2,227
Cloud		1,827		1,189

Long-term deferred revenue		13,326		15,805

	$	157,848	$	171,678

- Definition

The entire disclosure for deferred revenues at the end of the reporting period, and description and amounts of significant changes that occurred during the reporting period. Deferred revenue is a liability as of the balance sheet date related to a revenue producing activity for which revenue has not yet been recognized. Generally, an entity records deferred revenue when it receives consideration from a customer before achieving certain criteria that must be met for revenue to be recognized in conformity with GAAP.

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