REVENUE RECOGNITION

6 Months Ended

Sep. 30, 2021

Revenue from Contract with Customer [Abstract]

REVENUE RECOGNITION

REVENUE RECOGNITION

Disaggregation of Revenue

The Company disaggregates its revenue by geographic region. See Note 12. Geographical Information.

Contract Balances

The following table provides amounts of receivables, contract assets, and deferred revenues from contracts with customers:

	September 30, 2021		March 31, 2021
Accounts receivable, net	$	51,178	$	51,150
Contract assets, current	$	11,714	$	12,840
Contract assets, non-current	$	17,045	$	17,987
Deferred revenue, current	$	22,362	$	20,737
Deferred revenue, non-current	$	2,296	$	2,999

Contract assets, current, contract assets, non-current, and deferred revenue, non-current are recorded on the Condensed Consolidated Balance Sheets in Other current assets, Other assets, and Other liabilities, non-current, respectively.

Contract assets represent recognition of revenue, for fulfillment of performance obligations, that has not yet been billed; the net decrease in contract assets was primarily driven by the billing of revenue previously recognized. The net increase in deferred revenue was due to billings in advance of performance obligations being satisfied. During the six months ended September 30, 2021, the Company recognized revenues of approximately $12.2 million, 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 September 30, 2021, was approximately $550.0 million. This amount excludes contracts with an original expected length of less than one year. The Company expects to recognize revenue on approximately 75% of the remaining performance obligations over the next 36 months and approximately 25% thereafter.

Deferred Sales Commission Costs

Amortization of deferred sales commission costs for the three and six months ended September 30, 2021 was $8.6 million and $16.9 million, respectively. Amortization of deferred sales commission costs for the three and six months ended September 30, 2020 was $6.7 million and $12.8 million, respectively. There were no material write-offs of deferred sales commission costs during the three and six months ended September 30, 2021 and 2020.