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DEFERRED REVENUE
9 Months Ended
Sep. 30, 2015
DEFERRED REVENUE

NOTE I. DEFERRED REVENUE

As of September 30, 2015, the current and non-current deferred revenue for Extended Transmission Coverage (“ETC”) were $22.5 million and $54.0 million, respectively. As of September 30, 2014, the current and non-current deferred revenue for ETC were $20.1 million and $47.9 million, respectively.

Deferred revenue for ETC activity (dollars in millions):

 

     Three months ended
September 30,
     Nine months ended
September 30,
 
         2015              2014              2015              2014      

Beginning balance

   $ 74.7       $ 66.8       $ 69.0       $ 63.6   

Increases

     7.2         6.3         23.7         20.1   

Revenue earned

     (5.4      (5.1      (16.2      (15.7
  

 

 

    

 

 

    

 

 

    

 

 

 

Ending balance

   $ 76.5       $ 68.0       $ 76.5       $ 68.0   
  

 

 

    

 

 

    

 

 

    

 

 

 

Deferred revenue recorded in current liabilities related to unearned net sales for defense contracts as of September 30, 2015 and 2014 was approximately $0.0 million and $1.1 million, respectively.