| 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 June 30, 2018 |
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Six Months Ended June 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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$ |
103,888 |
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$ |
(2,355 |
) |
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$ |
101,533 |
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$ |
201,369 |
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$ |
10,991 |
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$ |
212,360 |
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Cost of net revenue |
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46,608 |
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(1,405 |
) |
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45,203 |
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89,600 |
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3,762 |
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93,362 |
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Gross profit |
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57,280 |
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(950 |
) |
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56,330 |
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111,769 |
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7,229 |
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118,998 |
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Income (loss) from operations |
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703 |
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(950 |
) |
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(247 |
) |
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(3,046 |
) |
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7,229 |
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4,183 |
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Loss before income taxes |
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(2,247 |
) |
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(950 |
) |
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(3,197 |
) |
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(10,443 |
) |
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7,229 |
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(3,214 |
) |
Income tax provision |
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11,425 |
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(200 |
) |
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11,225 |
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7,843 |
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1,518 |
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|
9,361 |
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Net loss |
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(13,672 |
) |
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(750 |
) |
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(14,422 |
) |
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(18,286 |
) |
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5,711 |
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(12,575 |
) |
Basic loss per share |
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(0.20 |
) |
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(0.01 |
) |
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(0.21 |
) |
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(0.27 |
) |
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0.09 |
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(0.18 |
) |
Diluted loss per share |
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(0.20 |
) |
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(0.01 |
) |
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(0.21 |
) |
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(0.27 |
) |
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0.09 |
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(0.18 |
) |
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June 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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$ |
83,648 |
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$ |
— |
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$ |
83,648 |
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Inventory |
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44,072 |
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266 |
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44,338 |
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Total current assets |
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209,429 |
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266 |
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209,695 |
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Total assets |
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798,100 |
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266 |
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798,366 |
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Deferred revenue and deferred profit |
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15,869 |
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(15,869 |
) |
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— |
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Accrued expenses and other current liabilities |
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29,375 |
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8,790 |
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38,165 |
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Total current liabilities |
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87,239 |
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(7,079 |
) |
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80,160 |
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Total liabilities |
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405,524 |
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(7,079 |
) |
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398,445 |
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Accumulated deficit |
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(87,508 |
) |
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7,345 |
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(80,163 |
) |
Total stockholders' equity |
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392,576 |
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7,345 |
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|
399,921 |
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Total liabilities and stockholders' equity |
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798,100 |
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|
266 |
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798,366 |
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