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Summary of Significant Accounting Policies (Tables)
 6 Months Ended
Jul. 01, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of New Accounting Pronouncements
The following changes were made to the Company’s condensed consolidated balance sheet on January 1, 2018 as a result of the adoption of ASC 606 (in millions):

 
Balance at January 1, 2018
 
ASC 606 Adjustment
 
Adjusted Balance at January 1, 2018
 
 
 
 
 
 
Assets
 
 
 
 
 
Unbilled receivables, net
$
138.1

 
$
1.3

 
$
139.4

Inventoried costs
49.0

 
(0.3
)
 
48.7

 
 
 
 
 
 
Liabilities
  
 
 
 
 
Accrued expenses
$
40.9

 
$
(0.6
)
 
$
40.3

Billings in excess of costs and earnings on uncompleted contracts
42.8

 
1.8

 
44.6

 
 
 
 
 
 
Stockholders’ Equity
 
 
 
 
 
Accumulated deficit
$
(720.8
)
 
$
(0.2
)
 
$
(721.0
)

The following table summarizes the impacts of ASC 606 adoption on the Company’s operating income from continuing operations for the three and six months ended July 1, 2018 (in millions):

 
For the three months ended
 
For the six months ended
 
July 1, 2018
 
July 1, 2018
 
 
 
Balances Without Adoption of ASC 606
 
Effect of Change Higher/(Lower)
 
 
 
Balances Without Adoption of ASC 606
 
Effect of Change Higher/(Lower)
 
As Reported
 
 
 
As Reported
 
 
Service revenues
$
47.0

 
$
47.0

 
$
—

 
$
93.0

 
$
93.0

 
$
—

Product sales
104.2

 
100.6

 
3.6

 
201.2

 
190.0

 
11.2

Total revenues
151.2

 
147.6

 
3.6

 
294.2

 
283.0

 
11.2

Cost of service revenue
33.2

 
33.2

 
—

 
66.1

 
66.1

 
—

Cost of product sales
78.7

 
74.7

 
4.0

 
148.0

 
139.7

 
8.3

Total costs
111.9

 
107.9

 
4.0

 
214.1

 
205.8

 
8.3

Gross profit
39.3

 
39.7

 
(0.4
)
 
80.1

 
77.2

 
2.9

Selling, general and administrative expenses
30.1

 
30.1

 
—

 
59.9

 
59.9

 
—

Operating income from continuing operations
$
2.6

 
$
3.0

 
$
(0.4
)
 
$
9.6

 
$
6.7

 
$
2.9


The following table summarizes the impacts of ASC 606 adoption on the Company’s balance sheet as of July 1, 2018 (in millions):

 
July 1, 2018
 
 
 
Balances Without Adoption of ASC 606
 
Effect of Change Higher/(Lower)
 
As Reported
 
 
Assets
 
 
 
 
 
Accounts receivable, net
$
66.2

 
$
65.4

 
$
0.8

Unbilled receivables, net
160.6

 
151.9

 
8.7

Inventoried costs
49.0

 
57.3

 
(8.3
)
 
 
 
 
 
 
Liabilities
  
 
 
 
 
Billings in excess of costs and earnings on uncompleted contracts
32.9

 
34.6

 
(1.7
)
 
 
 
 
 
 
Stockholders’ Equity
 
 
 
 
 
Accumulated deficit
$
(730.9
)
 
$
(733.8
)
 
$
2.9