Quantum Corporation Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Mar. 31, 2019

Schedule of property and equipment estimated useful lives

Property and equipment are carried at cost, less accumulated depreciation and amortization, computed on a straight-line basis over the estimated useful lives of the assets as follows:


Machinery and equipment			3 to 5 years
Computer equipment			3 to 5 years
ERP software			10 years
Other software			3 years
Furniture and fixtures			5 years
Other office equipment			5 years
Leasehold improvements			Shorter of useful life or life of lease

Disaggregation of Revenue


	Year Ended March 31, 2019
	Americas		Europe		Asia Pacific		Consolidated

Primary storage systems	$	37,228	$	20,826	$	6,743	$	64,797
Secondary storage systems		69,255		38,743		12,544		120,542
Device and media		34,079		19,064		6,172		59,315
Service		87,040		37,216		10,440		134,696
Royalty		*		*		*		23,330

Total Revenue							$	402,680


	Year Ended March 31, 2018
	Americas		Europe		Asia Pacific		Consolidated

Primary storage systems	$	45,889	$	24,649	$	9,526	$	80,064
Secondary storage systems		68,385		36,733		14,196		119,314
Device and media		39,664		21,306		8,234		69,204
Service		87,960		37,875		10,688		136,523
Royalty		*		*		*		32,579

Total Revenue							$	437,684


	Year Ended March 31, 2017 (As Restated)
	Americas		Europe		Asia Pacific		Consolidated

Primary storage systems	$	43,934	$	19,165	$	8,224	$	71,323
Secondary storage systems		93,165		40,640		17,440		151,245
Device and media		52,820		23,042		9,888		85,750
Service		94,566		40,167		11,205		145,938
Royalty		*		*		*		38,798

Total Revenue							$	493,054

*	Royalty revenue is not allocable to geographic regions.

Contract with Customer, Asset and Liability

Contract balances consisted of the following (in thousands)


	Contract Balances
	(in thousands)
	Accounts Receivable			Contract Assets		Deferred Revenue (Current)		Deferred Revenue (Long-term)
Opening balance, April 1, 2018	$	96,350		$	—	$	98,866	$	38,587
Closing balance, March 31, 2019		86,828			—		90,407		36,733

Decrease	$	(9,522	)	$	—	$	8,459	$	(1,854	)

Remaining performance obligation

Remaining performance

obligations

consisted of the following (in thousands):


	Current		Non- Current		Total
As of March 31, 2019	$	103,306	$	47,417	$	150,723