DEFERRED REVENUE (Tables)

12 Months Ended

Dec. 31, 2017

DEFERRED REVENUE [Abstract]

Changes in Deferred Revenues

The changes in the Company’s deferred revenues are as follows:

	(in thousands)
	For the year ended
	December 31, 2017			December 31, 2016
Deferred revenue at beginning of year	$	19,404		$	18,516
Additions:
Deferred extended service contracts		705			502
Deferred in-service and training		20			23
Deferred service arrangements		43			55
Deferred commission revenues		14,779			13,120
Recognized as revenue:
Deferred extended service contracts		(661	)		(753	)
Deferred in-service and training		(20	)		(28	)
Deferred service arrangements		(45	)		(47	)
Deferred commission revenues		(11,159	)		(11,984	)
Deferred revenue at end of year		23,066			19,404
Less: current portion		15,540			7,628
Long-term deferred revenue at end of year	$	7,526		$	11,776