REVENUE

3 Months Ended

Jun. 30, 2020

Revenue from Contract with Customer [Abstract]

REVENUE

REVENUEBased on how the Company manages its business, the Company has determined that it currently operates in one reportable segment. The Company operates in three geographic regions: (a) Americas; (b) Europe, Middle East and

Africa (“EMEA”); and (c) Asia Pacific (“APAC”). Revenue by geography is based on the location of the customer from which the revenue is earned.

In the following table, revenue is disaggregated by major product offering and geographies (in thousands):

	Three Months Ended
	June 30, 2020		June 30, 20191
Americas2
Primary storage systems	$	6,859	$	9,418
Secondary storage systems	8,676		24,292
Device and media	6,362		8,671
Service	18,595		21,571
Total revenue	40,492		63,952
EMEA
Primary storage systems	2,296		3,838
Secondary storage systems	6,616		9,897
Device and media	4,022		3,533
Service	9,815		9,223
Total revenue	22,749		26,491
APAC
Primary storage systems	1,059		1,366
Secondary storage systems	3,200		3,523
Device and media	597		1,258
Service	1,976		2,587
Total revenue	6,832		8,734
Consolidated
Primary storage systems	10,214		14,622
Secondary storage systems	18,492		37,712
Device and media	10,981		13,462
Service	30,386		33,381
Royalty3	3,232		6,454
Total revenue	$	73,305	$	105,631

¹ Primary and Secondary storage system revenue has been adjusted for June 30, 2019 due to certain reclassifications from Primary to Secondary storage systems.

² Revenue for Americas geographic region outside of the United States is not significant.

³ Royalty revenue is not allocable to geographic regions.

Contract Balances

The following table presents the Company’s contract liabilities and certain information related to this balance as of and for the three months ended June 30, 2020 (in thousands): 

	June 30, 2020
Contract liabilities (deferred revenue)	$	110,746
Revenue recognized in the period from amounts included in contract liabilities at the beginning of the period	28,812

Remaining Performance Obligations

Transaction price allocated to the remaining performance obligations represents contracted revenue that has not yet been recognized, which includes deferred revenue and contractually agreed upon amounts, yet to be invoiced, that will be recognized as revenue in future periods. Remaining performance obligations are subject to change and are affected by several factors, including terminations, changes in the scope of contracts, adjustments for revenue that have not materialized and foreign exchange adjustments. The Company applied the practical expedient in accordance within ASC 606, Revenue from Contracts with Customers (“ASC 606”), to exclude amounts for variable consideration constituting a sale- or usage-based royalty promised in exchange for a license of intellectual property from remaining performance obligations.

Remaining performance obligation consisted of the following (in thousands):

	Current		Non-Current		Total
As of June 30, 2020	$	89,965	$	45,122	$	135,087

The Company expects to recognize approximately 67% of the remaining performance obligations within the next 12 months. The Company's non-current remaining performance obligations are expected to be recognized in the next 13 to 60 months.