Quarterly report pursuant to Section 13 or 15(d)

Accrued Liabilities and Deferred Revenue

v3.7.0.1
Accrued Liabilities and Deferred Revenue
3 Months Ended
Mar. 31, 2017
Payables And Accruals [Abstract]  
Accrued Liabilities and Deferred Revenue

NOTE 7—ACCRUED LIABILITIES AND DEFERRED REVENUE

Accrued liabilities are comprised of the following (in thousands):

 

 

March 31,

 

 

December 31,

 

 

2017

 

 

2016

 

Payroll and benefits

$

2,164

 

 

$

2,147

 

Warranty accrual, current portion

 

973

 

 

 

933

 

Taxes

 

493

 

 

 

638

 

Accrued professional services

 

946

 

 

 

782

 

Accrued capital lease obligations, current portion

 

117

 

 

 

159

 

Accrued insurance premium

 

206

 

 

 

906

 

Other

 

264

 

 

 

213

 

Total accrued liabilities

$

5,163

 

 

$

5,778

 

 

Changes in the initial product warranty accrual and the expenses incurred under the Company’s initial and extended warranties for the three months ended March 31, 2017 and 2016 are included within accrued liabilities on the Consolidated Balance Sheets and were as follows (in thousands):

 

 

Three Months Ended

 

 

March 31,

 

 

2017

 

 

2016

 

Initial warranty accrual, beginning balance

$

1,706

 

 

$

2,188

 

Provision for estimated warranty cost

 

(23

)

 

 

61

 

Warranty expenditures

 

(223

)

 

 

(189

)

 

 

1,460

 

 

 

2,060

 

Less warranty accrual, long-term

 

487

 

 

 

973

 

Total warranty accrual, current portion

$

973

 

 

$

1,087

 

 

Deferred revenue is comprised of the following (in thousands):

 

 

March 31,

 

 

December 31,

 

 

2017

 

 

2016

 

Undelivered elements (training, installation, and product and

   support services)

$

1,075

 

 

$

1,404

 

Extended warranty contracts

 

1,499

 

 

 

1,487

 

Deferred royalties

 

112

 

 

 

142

 

Total Deferred Revenue

 

2,686

 

 

 

3,033

 

Less long-term amounts:

 

 

 

 

 

 

 

Deferred royalties

 

20

 

 

 

23

 

Total Deferred Revenue - Long-Term

 

20

 

 

 

23

 

Total Deferred Revenue - Current

$

2,666

 

 

$

3,010