REVENUE RECOGNITION

3 Months Ended

Jun. 30, 2020

Revenue from Contract with Customer [Abstract]

REVENUE RECOGNITION

REVENUE RECOGNITION

Disaggregation of Revenue

The Company disaggregates its revenue by geographic region. See Note 13 for more information.

Contract Balances

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

	June 30, 2020		March 31, 2020
Accounts receivable, net	$	40,572	$	37,811
Contract assets, current, net	$	11,625	$	10,425
Contract assets, non-current, net	$	13,897	$	13,698
Deferred revenue, current	$	8,352	$	7,105
Deferred revenue, non-current	$	2,279	$	1,119

Contract assets, current and non-current, net 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 deferred revenue balances during the three months ended June 30, 2020 are as follows (in thousands):

	June 30, 2020		March 31, 2020		Change
Contract assets	$	25,522	$	24,123	$	1,399
Deferred revenue	$	10,631	$	8,224	$	2,407

The change in contract assets was primarily driven by the recognition of revenue that has not yet been billed, net of amounts billed during the period and reserve for current estimate of credit losses. The increase in deferred revenue was due to billings in advance of performance obligations being satisfied, net of revenue recognized for services rendered during the period. Revenue of $3.7 million was recognized during the three months ended June 30, 2020, which was offset by additional deferrals during the period.

Remaining Performance Obligations

The Company's subscription terms typically range from one to five years. Contract revenue as of June 30, 2020 that has not yet been recognized was approximately $290.0 million from remaining performance obligations. This excludes contracts with an original expected length of one year or less. The Company expects to recognize revenue on most of the remaining performance obligations over the next 36 months.