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

Annual report pursuant to Section 13 and 15(d)

REVENUE RECOGNITION (Tables)

REVENUE RECOGNITION (Tables)

12 Months Ended

Mar. 31, 2020

Schedule of revenue and long-lived assets by region

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



	Year Ended March 31,
	2020		2019¹		2018¹
Americas²
Primary storage systems	$	54,211	$	33,789	$	44,693
Secondary storage systems	57,192		72,696		69,582
Device and media	31,228		34,079		39,664
Service	82,607		87,040		87,960
Total revenue	225,238		227,604		241,899

EMEA
Primary storage systems	16,078		18,902		24,006
Secondary storage systems	40,008		40,666		37,376
Device and media	25,484		19,064		21,306
Service	39,467		37,216		37,875
Total revenue	121,037		115,848		120,563

APAC
Primary storage systems	6,863		6,120		9,277
Secondary storage systems	14,472		13,166		14,444
Device and media	5,632		6,172		8,234
Service	8,976		10,440		10,688
Total revenue	35,943		35,898		42,643

Consolidated
Primary storage systems	77,152		58,811		77,976
Secondary storage systems	111,672		126,528		121,402
Device and media	62,344		59,315		69,204
Service	131,050		134,696		136,523
Royalty³	20,731		23,330		32,579
Total revenue	$	402,949	$	402,680	$	437,684

¹Primary and Secondary storage system revenue has been adjusted for fiscal years 2019 and 2018 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.

Schedule of contract liabilities

The following table presents the Company’s contract liabilities and certain information related to this balance as of March 31, 2020 (in thousands):



	March 31, 2020
Deferred revenue	$	118,935
Revenue recognized in the period from amounts included in contract liabilities at the beginning of the period	$	80,977

Remaining performance obligations

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



	Current		Non-Current		Total
As of March 31, 2020	$	89,036	$	46,827	$	135,864