Quarterly report pursuant to Section 13 or 15(d)

Accrued Liabilities and Deferred Revenue

v2.4.0.8
Accrued Liabilities and Deferred Revenue
3 Months Ended
Mar. 31, 2014
Accrued Liabilities and Deferred Revenue

NOTE 7—ACCRUED LIABILITIES AND DEFERRED REVENUE

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

 

 

March 31,
2014

 

 

December 31,
2013

 

Payroll and benefits

$

1,594

 

 

$

1,898

 

Warranty accrual, current portion

 

1,025

 

 

 

1,096

 

Sales and excise tax

 

163

 

 

 

322

 

Accrued professional services

 

1,366

 

 

 

912

 

Accrued insurance premium

 

276

 

 

 

428

 

Other

 

517

 

 

 

341

 

Total accrued liabilities

$

4,941

 

 

$

4,997

 

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, 2014 and 2013 were as follows (in thousands):

 

 

Three Months Ended
March 31,

 

 

2014

 

 

2013

 

Initial warranty accrual, beginning balance

$

1,096

 

 

$

1,699

 

Provision for estimated warranty cost

 

148

 

 

 

337

 

Warranty expenditures

 

(219

)

 

 

(281

)

 

 

1,025

 

 

 

1,755

 

Total warranty accrual, long-term

 

 

 

 

 

Total warranty accrual, current portion

$

1,025

 

 

$

1,755

 

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

 

 

March 31, 2014

 

 

December 31, 2013

 

 

 

 

 

Undelivered elements (training, installation and product and support services)

$

1,645

 

 

$

1,823

 

Extended warranty contracts

 

1,630

 

 

 

1,642

 

Total deferred revenue

 

3,275

 

 

 

3,465

 

Less long-term amounts:

 

 

 

 

 

 

 

Extended warranty contracts

 

 

 

 

(1

)

Total deferred revenue, long-term

 

 

 

 

(1

)

Total deferred revenue, current portion

$

3,275

 

 

$

3,464