Deferred Revenue

3 Months Ended

Jun. 30, 2018

Deferred Revenue Disclosure [Abstract]

Deferred Revenue

8. Deferred Revenue

Generally, revenue is recognized upon satisfaction of performance obligations, which includes fulfillment of acceptance criteria at the Company's factory and transfer of risk of loss and title. Revenue is deferred whenever title transfer is pending, risk of loss 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 other acceptance criteria where the Company cannot demonstrate a track record of acceptance. For sales involving multiple performance obligations, the stand-alone selling price of any undelivered performance obligation, is deferred until the performance obligations 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
(In thousands)	Jun 30, 2018			Jul 1, 2017
Deferred revenue, beginning	$	10,514		$	15,397
Revenue deferred	19,726			15,470
Revenue recognized	(20,994		)	(15,251		)
Deferred revenue, ending	$	9,246		$	15,616

Of the total of $9.2 million and $15.6 million of deferred revenue at June 30, 2018 and July 1, 2017, $0.2 million and $0.8 million were non-current and were included in Other liabilities on the Condensed Consolidated Balance Sheets. The amount of revenue recognized in the period that was included in the opening deferred revenue balance and opening customer deposits balance was $4.7 million and $1.2 million, respectively. Customer deposits are included as a component of Accrued liabilities on our balance sheet (see Note 6: Accrued Liabilities). The amount of revenue recognized from performance obligations satisfied in prior periods was not material.