Note 11 - Deferred Revenues

9 Months Ended

Oct. 31, 2016

Deferred Revenue Disclosure [Text Block]

11. DEFERRED REVENUES

Deferred revenues consisted of the following:

	October 31 , 2016		January 31, 2016
	(in thousands)
Deferred maintenance revenue	$	52,817	$	79,533
Deferred subscription revenue		17,873		14,194
Deferred services revenue		2,331		2,332
Deferred license revenue		854		1,549
Deferred other revenue		107		303
Deferred revenues, current		73,982		97,911
Deferred revenues, non-current (in Other liabilities)		2,039		1,690
Total deferred revenues	$	76,021	$	99,601

Deferred maintenance and subscription revenues represent customer payments made in advance for support and subscription contracts. Support and subscription are billed in advance with corresponding revenues being recognized ratably over the support and subscription periods. Support is typically billed annually while subscription is billed quarterly or annually. Deferred services revenues represent both prepayments for our professional services where revenues for these services are generally recognized as the Company completes the performance obligations for the prepaid services; and services already provided but deferred due to software revenue recognition rules. Deferred license revenues result from undelivered products or specified enhancements, customer specific acceptance provisions and software license transactions that cannot be segmented from undelivered consulting or other services.

- 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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