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Deferred Revenue and Commissions
 6 Months Ended
Aug. 06, 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):
Second Quarter of Fiscal
First Two Quarters of Fiscal
2023202420232024
Beginning balance
$230,998 $248,188 $246,307 $245,856 
Additions36,638 45,028 63,122 80,129 
Recognition of deferred commissions(31,955)(37,799)(73,748)(70,568)
Ending balance$235,681 $255,417 $235,681 $255,417 
Of the $255.4 million total deferred commissions balance at the end of the second 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 second quarter and first two quarters 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):
Second Quarter of Fiscal
First Two Quarters of Fiscal
2023202420232024
Beginning balance
$1,112,473 $1,395,670 $1,079,872 $1,385,650 
Additions296,676 326,173 541,256 606,441 
Recognition of deferred revenue(230,458)(284,800)(442,437)(555,048)
Ending balance$1,178,691 $1,437,043 $1,178,691 $1,437,043 
Revenue recognized during the second quarter of fiscal 2023 and 2024 from deferred revenue at the beginning of each respective period was $201.4 million and $255.9 million. Revenue recognized during the first two quarters of fiscal 2023 and 2024 from deferred revenue at the beginning of each respective period was $341.7 million and $430.3 million.
Remaining Performance Obligations
Total remaining performance obligations (RPO) which is contracted but not recognized revenue was $1.9 billion at the end of the second 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 $1.9 billion RPO at the end of the second quarter of fiscal 2024, we expect to recognize approximately 47% over the next 12 months, and the remainder thereafter.