REVENUE RECOGNITION (Tables)

3 Months Ended

Jun. 30, 2018

Revenue from Contract with Customer [Abstract]

Financial Statement Impact of Adoption

The impact of adoption of Topic 606 on our consolidated balance sheet at June 30, 2018 and on our consolidated statement of operations for the three months ended June 30, 2018 was as follows (in thousands):

	June 30, 2018
	As Reported		Balance without Adoption of Topic 606		Effect of Change Higher (Lower)
ASSETS:
Accounts receivable and unbilled costs	$	165,331	$	161,554	$	3,777
Prepaid expenses and other current assets	32,407		28,472		3,935
Other assets	19,036		12,353		6,683
LIABILITIES:
Deferred revenue and customer deposits	248,165		268,230		(20,065		)
Deferred tax liability	143,542		135,914		7,628
Long-term deferred revenue and customer deposits	80,491		88,416		(7,925		)
STOCKHOLDERS' EQUITY:
Retained earnings	368,138		334,867		33,271

	Three Months Ended June 30, 2018
	As Reported			Balance without Adoption of Topic 606			Effect of Change Higher (Lower)
Total revenues	$	205,111		$	203,354		$	1,757
Total cost of revenue	62,027			62,027			—
Sales and marketing expense	78,132			77,524			608
Income tax provision	(19,242		)	(19,513		)	271
Net loss	(62,504		)	(63,382		)	878
Basic net loss per share	$	(0.78	)	$	(0.79	)	$	0.01
Diluted net loss per share	$	(0.78	)	$	(0.79	)	$	0.01

The cumulative impact of applying Topic 606 to all contracts with outstanding performance obligations as of April 1, 2018 was recorded as an adjustment to retained earnings as of the adoption date. As a result of applying the modified retrospective approach to adopt the new standard, the following adjustments were made to accounts on the consolidated balance sheet at April 1, 2018 (in thousands):

	Balance at March 31, 2018		Adjustments from Adopting Topic 606			Balance at April 1, 2018
ASSETS:
Accounts receivable and unbilled costs	$	213,438	$	1,195		$	214,633
Prepaid expenses and other current assets	33,502		4,626			38,128
Other assets	12,866		4,748			17,614
LIABILITIES:
Deferred revenue and customer deposits	301,925		(30,227		)	271,698
Deferred tax liability	151,563		7,899			159,462
Long-term deferred revenue and customer deposits	91,409		(1,252		)	90,157
STOCKHOLDERS' EQUITY:
Retained earnings	396,493		34,149			430,642

Contract with Customer, Asset and Liability

The following table provides information about contract assets and liabilities (in thousands):

	April 1, 2018		June 30, 2018		Increase/ (Decrease)
ASSETS:
Customer accounts receivable	$	205,299	$	155,613	$	(49,686	)
Unbilled receivables	4,338		5,190		852
Other receivables	4,996		4,528		(468		)
Long-term unbilled receivables	2,254		4,504		2,250
	$	216,887	$	169,835	$	(47,052	)
LIABILITIES:
Deferred revenue	$	271,698	$	248,165	$	(23,533	)
Deferred revenue, long-term	90,157		80,491		(9,666		)
	$	361,855	$	328,656	$	(33,199	)

Changes in deferred revenue during the three months ended June 30, 2018 were as follows (in thousands):    

Balance at April 1, 2018	$	361,855
Revenue recognized in the period	(185,501		)
Additions to customer deposits and contract liabilities	152,472
Reclassifications and other adjustments	(170		)
Balance at June 30, 2018	$	328,656