DEFERRED REVENUE

3 Months Ended

Mar. 31, 2017

9. DEFERRED REVENUE


(in thousands)	March 31, 2017		December 31, 2016
Term license	$	10,056	$	15,843
Perpetual license		25,240		23,189
Maintenance		122,628		112,397
Cloud		17,928		13,604
Services		10,972		10,614

Current deferred revenue		186,824		175,647

Perpetual license		6,901		7,909
Maintenance		1,744		1,802
Cloud		1,313		1,278

Long-term deferred revenue		9,958		10,989

	$	196,782	$	186,636

- 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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