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Deferred Revenue and Commissions
3 Months Ended
May 02, 2021
Revenue from Contract with Customer [Abstract]  
Deferred Revenue and Commissions Deferred Revenue and Commissions
Deferred Commissions
Deferred commissions consist of incremental costs paid to our sales force to obtain customer contracts.
Changes in total deferred commissions during the periods presented are as follows (in thousands):
First Quarter of Fiscal
20212022
Beginning balance
$139,204 $187,924 
Additions29,762 29,189 
Recognition of deferred commissions(26,603)(31,238)
Ending balance$142,363 $185,875 
Of the $185.9 million total deferred commissions balance at the end of the first quarter of fiscal 2022, we expect to recognize approximately 30% as commission expense over the next 12 months and the remainder thereafter.
There was no impairment related to capitalized commissions for the first quarter of fiscal 2021 and 2022.
Deferred Revenue
Deferred revenue primarily consists of amounts that have been invoiced but have not yet been recognized as revenue including performance obligations pertaining to subscription services.
Changes in total deferred revenue during the periods presented are as follows (in thousands):
First Quarter of Fiscal
20212022
Beginning balance
$697,288 $843,697 
Additions131,734 186,851 
Recognition of deferred revenue(122,962)(164,388)
Ending balance$706,060 $866,160 
Revenue recognized during the first quarter of fiscal 2021 and 2022 from deferred revenue at the beginning of each respective period was $108.7 million and $145.1 million.
Remaining Performance Obligations
Total contracted but not recognized revenue was $1,129.2 million at the end of the first quarter of fiscal 2022. Contracted but not recognized revenue consists of both deferred revenue and non-cancelable amounts that are expected to be invoiced and recognized as revenue in future periods. The value of orders that are contracted but have not been fulfilled and that can be canceled by customers, are excluded from remaining performance obligations. Of the $1,129.2 million contracted but not recognized revenue at the end of the first quarter of fiscal 2022, we expect to recognize approximately 44% over the next 12 months, and the remainder thereafter.