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CONTRACT BALANCES AND CONTRACT COSTS (Tables)

3 Months Ended

Apr. 29, 2022

Revenue from Contract with Customer [Abstract]

The following table presents revenue by service type (in thousands):


	Three Months Ended
	April 29, 2022		April 30, 2021
Net revenue:
Taegis Subscription Solutions	$	37,216	$	13,960
Managed Security Services	57,197		90,110
Total Subscription revenue	$	94,413	$	104,070
Professional Services	26,602		35,393
Total net revenue	$	121,015	$	139,463

Taegis Subscription Solutions revenue for the three months ended April 30, 2021 has been presented for consistency with current period presentation.

Schedule of Deferred Revenue

Changes to the Company's deferred revenue during the three months ended April 29, 2022 and April 30, 2021 are as follows (in thousands):


	As of January 28, 2022		Upfront payments received and billings during the three months ended April 29, 2022		Revenue recognized during the three months ended April 29, 2022		As of April 29, 2022
Deferred revenue	$	176,068	$	90,799	$	(93,400)	$	173,467


	As of January 29, 2021		Upfront payments received and billings during the three months ended April 30, 2021		Revenue recognized during the three months ended April 30, 2021		As of April 30, 2021
Deferred revenue	$	178,027	$	99,364	$	(102,987)	$	174,404

Expected Timing to Recognize Remaining Performance Obligation

As of April 29, 2022, the Company expects to recognize remaining performance obligations as follows (in thousands):


	Total		Expected to be recognized in the next 12 months		Expected to be recognized in 12-24 months		Expected to be recognized in 24-36 months		Expected to be recognized thereafter
Performance obligation - active	$	261,399	$	138,395	$	86,074	$	36,142	$	788
Performance obligation - backlog	8,847		3,215		2,958		2,674		—
Total	$	270,246	$	141,610	$	89,032	$	38,816	$	788

Schedule of Deferred Commissions and Fulfillment Costs

Changes in the balance of total deferred commission and total deferred fulfillment costs during the three months ended April 29, 2022 and April 30, 2021 are as follows (in thousands):


	As of January 28, 2022		Amount capitalized		Amount recognized		As of April 29, 2022
Deferred commissions	$	53,978	$	1,960	$	(4,514)	$	51,424
Deferred fulfillment costs	7,597		177		(1,395)		6,379


	As of January 29, 2021		Amount capitalized		Amount recognized		As of April 30, 2021
Deferred commissions	$	57,888	$	3,186	$	(5,053)	$	56,021
Deferred fulfillment costs	11,009		1,256		(1,415)		10,850