Note 11 - Deferred Revenues

6 Months Ended

Jul. 31, 2017

Notes to Financial Statements

Deferred Revenue Disclosure [Text Block]

11.

DEFERRED REVENUES

Deferred revenues consisted of the following:

	July 31, 2017		January 31, 2017
	(in thousands)
Deferred maintenance	$	63,037	$	78,923
Deferred subscription		22,804		20,389
Deferred professional services		2,657		2,550
Deferred license		888		1,740
Deferred other revenue		275		523
Deferred revenues, current		89,661		104,125
Deferred revenues, non-current (in Other liabilities)		2,118		2,353
Total deferred revenues	$	91,779	$	106,478

Deferred maintenance and subscription represent billings and 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 license results from undelivered products or specified enhancements, customer specific acceptance provisions and software license transactions that cannot be segmented from undelivered consulting or other services. Deferred professional services revenues represent both prepayments for 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.