| Schedule of Effect of Adoption of ASC 606 |
The following tables present the amounts by which each financial statement line item was affected as a result of applying ASC 606:
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Three Months Ended September 30, 2018 |
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Nine Months Ended September 30, 2018 |
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Amounts under Legacy GAAP |
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Impact of Adoption |
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As reported |
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Amounts under Legacy GAAP |
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Impact of Adoption |
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As reported |
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(in thousands, except per share amounts) |
Consolidated statements of operations: |
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Net revenue |
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$ |
85,106 |
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$ |
(96 |
) |
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$ |
85,010 |
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$ |
286,475 |
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$ |
10,895 |
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$ |
297,370 |
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Cost of net revenue |
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41,182 |
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(48 |
) |
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41,134 |
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130,782 |
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3,714 |
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134,496 |
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Gross profit |
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43,924 |
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(48 |
) |
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43,876 |
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155,693 |
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7,181 |
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162,874 |
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Loss from operations |
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(12,520 |
) |
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(48 |
) |
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(12,568 |
) |
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(15,566 |
) |
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7,181 |
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(8,385 |
) |
Loss before income taxes |
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(15,937 |
) |
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(48 |
) |
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(15,985 |
) |
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(26,380 |
) |
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7,181 |
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(19,199 |
) |
Income tax provision (benefit) |
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(2,040 |
) |
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(10 |
) |
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(2,050 |
) |
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5,803 |
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1,508 |
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|
7,311 |
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Net loss |
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(13,897 |
) |
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(38 |
) |
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(13,935 |
) |
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(32,183 |
) |
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5,673 |
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(26,510 |
) |
Basic loss per share |
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(0.20 |
) |
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— |
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(0.20 |
) |
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(0.47 |
) |
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0.08 |
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(0.39 |
) |
Diluted loss per share |
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(0.20 |
) |
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— |
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(0.20 |
) |
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(0.47 |
) |
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0.08 |
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(0.39 |
) |
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September 30, 2018 |
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Amounts under Legacy GAAP |
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Impact of Adoption |
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As reported |
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(in thousands) |
Consolidated balance sheet: |
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Accounts receivable |
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$ |
58,633 |
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$ |
— |
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$ |
58,633 |
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Inventory |
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41,561 |
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|
196 |
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41,757 |
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Total current assets |
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174,057 |
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196 |
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174,253 |
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Total assets |
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741,948 |
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196 |
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742,144 |
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Deferred revenue and deferred profit |
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15,240 |
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(15,240 |
) |
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— |
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Accrued expenses and other current liabilities |
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19,351 |
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8,129 |
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27,480 |
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Total current liabilities |
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73,575 |
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(7,111 |
) |
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66,464 |
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Total liabilities |
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356,861 |
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(7,111 |
) |
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349,750 |
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Accumulated deficit |
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(101,248 |
) |
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7,307 |
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(93,941 |
) |
Total stockholders' equity |
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385,087 |
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7,307 |
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|
392,394 |
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Total liabilities and stockholders' equity |
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741,948 |
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|
196 |
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742,144 |
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