REVENUE RECOGNITION

9 Months Ended

Dec. 31, 2020

Revenue from Contract with Customer [Abstract]

REVENUE RECOGNITION

REVENUE RECOGNITION

Disaggregation of Revenue

The Company presents disaggregated revenue by geographic regions in Note 13. Geographical Information.

Contract Balances

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

	December 31, 2020		March 31, 2020
Accounts receivable, net	$	50,404	$	37,811
Contract assets, current, net (included in Other current assets)	$	12,002	$	10,425
Contract assets, non-current, net (included in Other assets)	$	15,688	$	13,698
Deferred revenue, current	$	18,015	$	7,105
Deferred revenue, non-current (included in Other liabilities, non-current)	$	2,768	$	1,119

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

	December 31, 2020		March 31, 2020		Change
Contract assets	$	27,690	$	24,123	$	3,567
Deferred revenue	$	20,783	$	8,224	$	12,559

The increase in contract assets was primarily driven by the recognition of revenue that had not yet been billed, net of amounts billed during the period, and the reserve for 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 $0.7 million and $5.7 million was recognized during the three and nine months ended December 31, 2020, respectively, which was included in the deferred revenue balance at the beginning of the period.

Remaining Performance Obligations

The Company's subscription terms typically range from one to five years. Contract revenue from remaining performance obligations that had not yet been recognized as of December 31, 2020, was approximately $365 million. 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.

Deferred Sales Commission Costs

Amortization of deferred sales commission costs was $7.3 million and $5.1 million for the three months ended December 31, 2020 and 2019, respectively, and $20.1 million and $13.8 million, for the nine months ended December 31, 2020 and 2019, respectively. There were no material write-offs of deferred sales commission costs during these periods.