Recent Accounting Guidance (Tables)

6 Months Ended

Jun. 30, 2018

ASU 2014-09

Recent Accounting Guidance

Schedule of new accounting pronouncements and changes in accounting principles

In accordance with the new revenue standard requirements, the disclosure of the impact of adoption on our consolidated statement of operations for the three and six months ended June 30, 2018 and consolidated balance sheet as of June 30, 2018 was as follows (in thousands):

	Three months ended						Six months ended
	June 30, 2018						June 30, 2018
Consolidated Statement of Operations	As Reported		ASC 606 Adjustments		Pro Forma Under ASC 605		As Reported		ASC 606 Adjustments		Pro Forma Under ASC 605
Revenue:
Product	$	112,521	$	(830)	$	111,691	$	228,543	$	(1,836)	$	226,707
Total revenue		119,333		(830)		118,503		241,518		(1,836)		239,682
Gross profit		49,000		(830)		48,170		96,156		(1,836)		94,320
Income from operations		19,267		(830)		18,437		37,769		(1,836)		35,933
Income before income taxes		17,639		(830)		16,809		35,112		(1,836)		33,276
Income tax provision		2,970		(166)		2,804		6,528		(398)		6,130
Net income	$	14,669	$	(664)	$	14,005	$	28,584	$	(1,438)	$	27,146
Net income per share:
Basic	$	0.46	$	(0.02)	$	0.44	$	0.89	$	(0.04)	$	0.85
Diluted	$	0.43	$	(0.02)	$	0.41	$	0.84	$	(0.04)	$	0.80

	June 30, 2018
Consolidated Balance Sheet	As Reported		ASC 606 Adjustments		Pro Forma Under ASC 605
Deferred income taxes	$	77,005	$	398	$	77,403
Total assets	$	508,431	$	398	$	508,829
Deferred revenue	$	15,175	$	2,430	$	17,605
Total current liabilities		66,690		2,430		69,120
Total liabilities		122,817		2,430		125,247
Accumulated deficit		(174,561)		(2,032)		(176,593)
Total stockholders' equity		385,614		(2,032)		383,582
Total liabilities and stockholders' equity	$	508,431	$	398	$	508,829