Quarterly report pursuant to Section 13 or 15(d)

Revenue (Tables)

v3.8.0.1
Revenue (Tables)
 3 Months Ended
Mar. 31, 2018
Revenue  
Summary of revenue categories

 

Revenue comprises the following categories (in thousands):

 

 

 

Three months
ended
March 31,

 

 

 

2018

 

 

 

 

 

Development

 

$
8,196

 

Licenses

 

—

 

 

 

 

 

 

 

$
8,196

 

 

 

 

 

 

 

Schedule of movements in deferred revenue

 

The following table shows movements in deferred revenue for the three months ended March 31, 2018 (in thousands):

 

 

 

Deferred
revenue

 

Deferred revenue at January 1, 2018 under previous guidance

 

$
38,735

 

Cumulative effect of adopting ASC 606

 
(8,645

)

 

 

 

 

Deferred revenue at January 1, 2018

 
30,090

 

Revenue recognized included in opening deferred revenue

 
(7,870

)

Change in variable consideration

 
(3,258

)

Change in percentage of completion

 
2,932

 

 

 

 

 

Revenue in the period

 
(8,196

)

Amounts invoiced in the period

 
4,210

 

Foreign exchange translation adjustment

 
1,117

 

 

 

 

 

Deferred revenue at March 31, 2018

 

$
27,221