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Summary of Significant Accounting Policies (Tables)
 9 Months Ended
Sep. 30, 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 nine months ended September 30, 2018 (in millions):

 
Three Months Ended 
 September 30, 2018
 
Nine Months Ended 
 September 30, 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
$
54.9

 
$
54.9

 
$
—

 
$
147.9

 
$
147.9

 
$
—

Product sales
104.5

 
99.2

 
5.3

 
305.7

 
284.7

 
21.0

Total revenues
159.4

 
154.1

 
5.3

 
453.6

 
432.6

 
21.0

Cost of service revenue
34.3

 
34.3

 
—

 
100.4

 
100.4

 
—

Cost of product sales
81.0

 
77.2

 
3.8

 
229.0

 
213.5

 
15.5

Total costs
115.3

 
111.5

 
3.8

 
329.4

 
313.9

 
15.5

Gross profit
44.1

 
42.6

 
1.5

 
124.2

 
118.7

 
5.5

Selling, general and administrative expenses
29.5

 
29.5

 
—

 
89.4

 
89.4

 
—

Operating income from continuing operations
$
10.1

 
$
8.6

 
$
1.5

 
$
19.7

 
$
14.2

 
$
5.5


The following table summarizes the impacts of ASC 606 adoption on the Company’s balance sheet as of September 30, 2018 (in millions):

 
September 30, 2018
 
 
 
Balances Without Adoption of ASC 606
 
Effect of Change Higher/(Lower)
 
As Reported
 
 
Assets
 
 
 
 
 
Accounts receivable, net
$
60.1

 
$
59.6

 
$
0.5

Unbilled receivables, net
166.1

 
148.3

 
17.8

Inventoried costs
48.6

 
64.1

 
(15.5
)
 
 
 
 
 
 
Liabilities
  
 
 
 
 
Billings in excess of costs and earnings on uncompleted contracts
40.5

 
43.2

 
(2.7
)
 
 
 
 
 
 
Stockholders’ Equity
 
 
 
 
 
Accumulated deficit
$
(729.2
)
 
$
(734.7
)
 
$
5.5