Revenue from Contracts with Customers

12 Months Ended

Jan. 31, 2020

Revenue from Contract with Customer [Abstract]

Revenue from Contracts with Customers

Revenue from Contracts with Customers

The following table reflects our contract liabilities balances (in thousands):

	As of January 31,
	2020		2019
Deferred revenue, current	$	460,561	$	390,965
Other contract liabilities, current	12,225		17,177
Deferred revenue, non-current	81,116		116,604
Other contract liabilities, non-current	810		1,296
Total contract liabilities	$	554,712	$	526,042

Significant changes in the contract liabilities balances during the periods ended January 31, 2020 and 2019 are as follows (in thousands):

	Contract Liabilities
February 1, 2018	$	249,950
Performance obligations satisfied during the period that were included in the contract liability balance at the beginning of the period	(228,167)
Increases due to invoicing prior to satisfaction of performance obligations	270,759
Increases from a business combination	233,500
January 31, 2019	526,042
Performance obligations satisfied during the period that were included in the contract liability balance at the beginning of the period	(407,004)
Increases due to invoicing prior to satisfaction of performance obligations	435,674
January 31, 2020	$	554,712

Remaining Performance Obligations

The transaction price allocated to remaining performance obligations represents contracted revenue that has been billed but not recognized, and unbilled non-cancelable amounts that will be recognized as revenue in future periods. Transaction price allocated to the remaining performance obligation is influenced by several factors, including seasonality, the timing of renewals and average contract terms.

During the year ended January 31, 2020, net revenue recognized from our remaining performance obligations satisfied in previous periods was not material and was primarily related to contract modifications.

As of January 31, 2020, approximately $877.2 million of revenue is expected to be recognized from remaining performance obligations in the amount of approximately $585.2 million over the next 12 months and approximately $292.0 million thereafter.

Other Practical Expedients

We elected to apply a practical expedient related to significant financing components. The practical expedient states that the promised amount of consideration for the effects of a significant financing component is not adjusted if we expect, at contract inception, that the period between when the we transfer a promised product offering to a customer and when the customer pays for that product offering will be one year or less.