XML 41 R31.htm IDEA: XBRL DOCUMENT v3.20.2
Deferred Revenue (Tables)
9 Months Ended
Sep. 30, 2020
Revenue from Contract with Customer [Abstract]  
Schedule of Deferred Revenue
Deferred revenue consisted of the following (in thousands):
 
As of September 30, 2020
 
As of December 31, 2019
Product, subscription and support, current
$
478,235

 
$
508,580

Professional services, current
88,966

 
95,364

Total deferred revenue, current
567,201

 
603,944

Product, subscription and support, non-current
325,152

 
369,589

Professional services, non-current
1,262

 
1,034

Total deferred revenue, non-current
326,414

 
370,623

Total deferred revenue
$
893,615

 
$
974,567


Changes in the balance of deferred revenue for the periods presented are as follows (in thousands):
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2020
 
2019
 
2020
 
2019
Deferred revenue, beginning of period
$
892,846

 
$
912,749

 
$
974,567

 
$
934,828

Billings for the period
239,229

 
248,572

 
612,130

 
651,895

Revenue recognized
(238,460
)
 
(225,914
)
 
(693,082
)
 
(654,066
)
Assumed in connection with acquisitions

 

 

 
2,750

Deferred revenue, end of period
$
893,615

 
$
935,407

 
$
893,615

 
$
935,407


Schedule of Expected Recognition of Remaining Performance Obligations
We expect to recognize these remaining performance obligations as follows (in percentages):
 
Total
 
Less than 1 year
 
1-2 years
 
2-3 years
 
More than 3 years
Deferred revenue
100%
 
63%
 
23%
 
10%
 
4%
Backlog
100%
 
45%
 
35%
 
16%
 
4%