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Deferred Revenue

3 Months Ended

Mar. 31, 2012

(12) Deferred Revenue — Deferred revenue on a consolidated basis at March 31, 2012 was $14.5 million for the current portion and $0.5 million for the non-current portion. Deferred revenue at March 31, 2012 primarily consisted of unearned maintenance revenue and customer deposits for installation services. Unearned maintenance revenue represented a contractual liability to provide maintenance support over a defined period of time for which payment has generally been received. Customer deposits for installation represented a contractual liability to provide installation services for which payments have been received. At March 31, 2012, we had received $1.9 million in customer deposits for future installation services. We will recognize revenue when the service or software is provided or otherwise meets the revenue recognition criteria.

The following table outlines the expected future recognition of deferred revenue at March 31, 2012:


	(Dollars in thousands)
For the quarter ending:
June 30, 2012	$	7,817
September 30, 2012		3,535
December 31, 2012		2,043
March 31, 2013		1,094
Thereafter		521

Total deferred revenue	$	15,010

- 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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