Recent Accounting Guidance (Tables)

9 Months Ended

Sep. 30, 2018

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 nine months ended September 30, 2018 and consolidated balance sheet as of September 30, 2018 was as follows (in thousands):


	Three months ended						Nine months ended
	September 30, 2018						September 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	$	88,496	$	556	$	89,052	$	317,039	$	(1,280)	$	315,759
Total revenue		95,374		556		95,930		336,892		(1,280)		335,612
Gross profit		39,913		556		40,469		136,069		(1,280)		134,789
Income from operations		10,668		556		11,224		48,437		(1,280)		47,157
Income before income taxes		9,346		556		9,902		44,458		(1,280)		43,178
Income tax provision		508		121		629		7,036		(277)		6,759
Net income	$	8,838	$	435	$	9,273	$	37,422	$	(1,003)	$	36,419
Net income per share:
Basic	$	0.27	$	0.01	$	0.28	$	1.16	$	(0.03)	$	1.13
Diluted	$	0.26	$	0.01	$	0.27	$	1.10	$	(0.03)	$	1.07


	September 30, 2018
Consolidated Balance Sheet	As Reported		ASC 606 Adjustments		Pro Forma Under ASC 605
Deferred income taxes	$	76,382	$	277	$	76,659
Total assets	$	519,232	$	277	$	519,509

Deferred revenue	$	17,774	$	2,880	$	20,654
Total current liabilities		66,272		2,880		69,152
Total liabilities		122,158		2,880		125,038
Accumulated deficit		(165,723)		(2,603)		(168,326)
Total stockholders' equity		397,074		(2,603)		394,471
Total liabilities and stockholders' equity	$	519,232	$	277	$	519,509