REVENUES

9 Months Ended

Dec. 31, 2020

REVENUES [Abstract]

REVENUES

3. REVENUES

Contract balances

Accounts receivable – trade consists entirely of amounts due from contracts with customers. In addition, we had $24.4 million and $33.1 million of receivables from contracts with customers included within financing receivables as of December 31, 2020, and March 31, 2020, respectively. The following table provides the balance of contract liabilities from contracts with customers (in thousands):

	December 31, 2020		March 31, 2020
Current (included in deferred revenue)	$	67,845	$	54,486
Non-current (included in other liabilities)	$	28,441	$	16,395

Revenue recognized from the beginning contract liability balance was $9.6 million and $36.5 million for the three and nine months ended December 31, 2020, respectively, and $15.9 million and $45.3 million for the three and nine months ended December 31, 2019, respectively.

Performance obligations

The following table includes revenue expected to be recognized in the future related to performance obligations, primarily non-cancelable contracts for ePlus managed services, that are unsatisfied or partially unsatisfied at the end of the reporting period (in thousands).

Remainder of Year ending March 31, 2021	$	13,381
Year Ending March 31, 2022		30,971
Year Ending March 31, 2023		15,062
Year Ending March 31, 2024		6,821
Year Ending March 31, 2025		700
Year Ending March 31, 2026 and thereafter		184
Total remaining performance obligations	$	67,119

The table does not include the value of unsatisfied performance obligations for (i) contracts with an original expected length of one year or less and (ii) contracts where we recognize revenue at the amount that we have the right to invoice for services performed.