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Deferred Revenue
9 Months Ended
Dec. 31, 2016
Deferred Revenue Disclosure [Abstract]  
Deferred Revenue
Deferred Revenue

Generally, revenue is recognized upon fulfillment of acceptance criteria at the Company's factory and transfer of risk and title. Revenue is deferred whenever title transfer is pending, risk has not transferred, and/or acceptance criteria have not yet been fulfilled. Deferred revenue arises from, among other factors, sales to Japanese customers, shipments of substantially new products and shipments with custom specifications and acceptance criteria where the Company cannot demonstrate a track record of acceptance. For sales involving multiple element arrangements, the relative selling price of any undelivered elements, including installation services and similar items, is deferred until the elements are delivered and acceptance criteria are met. Revenue related to maintenance and service contracts is deferred and recognized ratably over the duration of the contracts.
The following is a reconciliation of the changes in deferred revenue:
 
Fiscal quarter ended
 
Three fiscal quarters ended
(In thousands)
December 31, 2016
 
January 2, 2016
 
December 31, 2016
 
January 2, 2016
Deferred revenue, beginning
$
11,583

 
$
12,662

 
$
7,685

 
$
12,376

Revenue deferred
9,075

 
13,868

 
28,547

 
47,459

Revenue recognized
(9,440
)
 
(18,822
)
 
(25,014
)
 
(52,127
)
Deferred revenue, ending
$
11,218

 
$
7,708

 
$
11,218

 
$
7,708

Of the total of $11.2 million in deferred revenue at December 31, 2016, $0.4 million is non-current and is included in Other liabilities on the Condensed Consolidated Balance Sheets.