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Deferred Revenue and Commissions
 3 Months Ended
May 07, 2023
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
20232024
Beginning balance
$246,307 $245,856 
Additions26,484 35,101 
Recognition of deferred commissions(41,793)(32,769)
Ending balance$230,998 $248,188 
Of the $248.2 million total deferred commissions balance at the end of the first quarter of fiscal 2024, we expect to recognize approximately 28% 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 2023 and 2024.
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
20232024
Beginning balance
$1,079,872 $1,385,650 
Additions244,580 280,268 
Recognition of deferred revenue(211,979)(270,248)
Ending balance$1,112,473 $1,395,670 
Revenue recognized during the first quarter of fiscal 2023 and 2024 from deferred revenue at the beginning of each respective period was $197.1 million and $244.7 million.
Remaining Performance Obligations
Total remaining performance obligations (RPO) which is contracted but not recognized revenue was $1.8 billion at the end of the first quarter of fiscal 2024. RPO consists of both deferred revenue and non-cancelable amounts that are expected to be invoiced and recognized as revenue in future periods. Product orders are generally cancelable until delivery has occurred, and as such unfulfilled product orders are excluded from RPO. Of the $1.8 billion RPO at the end of the first quarter of fiscal 2024, we expect to recognize approximately 47% over the next 12 months, and the remainder thereafter.