Balance Sheet Components

Prepaid Expenses and Other Current Assets

Prepaid expenses and other current assets consisted of the following:



	July 31,
	2016		2015
	(in thousands)
Prepaid expenses	$	1,673	$	2,502
Prepaid hosting costs	1,548		2,138
Other	1,871		1,166
	$	5,092	$	5,806

Property and Equipment, Net

Property and equipment are stated at cost, net of accumulated depreciation and amortization. These assets are depreciated and amortized using the straight-line method over the estimated useful lives. Property and equipment, net consisted of the following:



	July 31,
	2016			2015
	(in thousands)
Leasehold improvements	$	2,553		$	2,668
Computer equipment and software	1,777			2,600
Furniture and fixtures	680			671
	5,010			5,939
Less: accumulated depreciation and amortization	(3,087		)	(2,795		)
	$	1,923		$	3,144

Total depreciation expense for the years ended July 31, 2016, 2015 and 2014 was $1.4 million, $1.3 million, and $1.2 million, respectively.

Accrued Liabilities

Accrued expenses and other current liabilities consisted of the following:



	July 31,
	2016		2015
	(in thousands)
Accrued bonuses and commissions	$	3,300	$	3,243
Accrued sales, service and income taxes	3,085		2,291
Accrued payroll and benefits	1,375		1,702
Other	3,487		2,560
	$	11,247	$	9,796

Deferred Revenue

Deferred revenue consisted of the following:



	July 31,
	2016			2015
	(in thousands)
Deferred revenue:
License	$	5,548		$	8,066
Subscription	28,529			19,856
Support	11,415			8,716
Professional services and other	8,397			4,164
Total deferred revenue	53,889			40,802
Less: current portion of deferred revenue	(44,833		)	(35,648		)
Non-current portion of deferred revenue	$	9,056		$	5,154