REVENUE RECOGNITION

12 Months Ended

Mar. 31, 2020

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue

The Company disaggregates its revenue by geographic region. See Note 12, "GEOGRAPHICAL INFORMATION" in the Notes to Consolidated Financial Statements for more information.

Contract Balances

The following table provides information about receivables, contract assets and deferred revenues from contracts with customers (in thousands):



	March 31, 2020		March 31, 2019
Accounts receivable, net	$	37,811	$	20,181
Contract assets, current	$	10,425	$	5,717
Contract assets, non-current	$	13,698	$	—
Deferred revenue, current	$	7,105	$	3,336
Deferred revenue, non-current	$	1,119	$	6

Contract assets, current, contract assets, non-currents, and deferred revenue, non-current are recorded in other current assets, other assets, and other liabilities, non-current, respectively.

Changes in the contract assets and the deferred revenue balances during the year ended March 31, 2020 are as follows (in thousands):



	March 31, 2020		March 31, 2019		$ Change
Contract assets	$	24,123	$	5,717	$	18,406
Deferred revenue	$	8,224	$	3,342	$	4,882

The change in contract assets was primarily driven by the recognition of revenue that has not yet been billed. The increase in deferred revenue was due to billings in advance of performance obligations being satisfied. During the year ended March 31, 2020, the Company recognized revenues of approximately $3.0 million that was included in deferred revenue at the beginning of the year.

Remaining Performance Obligations

The Company's subscription terms typically range from one to five years. Contract revenue as of March 31, 2020 that has not yet been recognized was approximately $270.0 million. This excludes contracts with an original expected length of one year or less. The Company expects to recognize revenue on the vast majority of the remaining performance obligation over the next 36 months.