| 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:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year Ended December 31, 2018 |
|
|
Amounts under Legacy GAAP |
|
Impact of Adoption |
|
As reported |
|
|
(in thousands, except per share amounts) |
Consolidated statement of operations: |
|
|
|
|
|
|
Net revenue |
|
$ |
370,033 |
|
|
$ |
14,964 |
|
|
$ |
384,997 |
|
Cost of net revenue |
|
170,719 |
|
|
5,504 |
|
|
176,223 |
|
Gross profit |
|
199,314 |
|
|
9,460 |
|
|
208,774 |
|
Loss from operations |
|
(28,557 |
) |
|
9,460 |
|
|
(19,097 |
) |
Loss before income taxes |
|
(42,312 |
) |
|
9,460 |
|
|
(32,852 |
) |
Income tax benefit |
|
(8,640 |
) |
|
1,987 |
|
|
(6,653 |
) |
Net loss |
|
(33,672 |
) |
|
7,473 |
|
|
(26,199 |
) |
Basic and diluted loss per share |
|
(0.49 |
) |
|
0.11 |
|
|
(0.38 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2018 |
|
|
Amounts under Legacy GAAP |
|
Impact of Adoption |
|
As reported |
|
|
(in thousands) |
Consolidated balance sheet: |
|
|
|
|
|
|
Accounts receivable |
|
$ |
59,491 |
|
|
$ |
— |
|
|
$ |
59,491 |
|
Inventory |
|
41,470 |
|
|
268 |
|
|
41,738 |
|
Total current assets |
|
180,343 |
|
|
268 |
|
|
180,611 |
|
Total assets |
|
738,563 |
|
|
268 |
|
|
738,831 |
|
Deferred revenue and deferred profit |
|
19,499 |
|
|
(19,499 |
) |
|
— |
|
Accrued expenses and other current liabilities |
|
12,860 |
|
|
10,660 |
|
|
23,520 |
|
Total current liabilities |
|
79,406 |
|
|
(8,839 |
) |
|
70,567 |
|
Total liabilities |
|
347,734 |
|
|
(8,839 |
) |
|
338,895 |
|
Accumulated deficit |
|
(102,737 |
) |
|
9,107 |
|
|
(93,630 |
) |
Total stockholders' equity |
|
390,829 |
|
|
9,107 |
|
|
399,936 |
|
Total liabilities and stockholders' equity |
|
738,563 |
|
|
268 |
|
|
738,831 |
|
|