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Revenue Recognition (Tables)
 9 Months Ended
Sep. 30, 2018
Revenue Recognition  
Schedule of adoption of ASC 606 impacted the Company’s previously reported results

The adoption of ASC 606 impacted the Company’s previously reported results as follows (in thousands, except share data):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

Nine Months Ended

 

 

September 30,

 

September 30,

 

 

2017

 

2017

 

    

As previously reported

    

ASC 606 adjustment

    

As
adjusted

 

As previously reported

    

ASC 606 adjustment

    

As
adjusted

Revenue

 

$

64,742

 

$

(159)

 

$

64,583

 

$

176,386

 

$

(343)

 

$

176,043

Income tax expense (benefit)

 

 

93

 

 

(8)

 

 

85

 

 

(2,441)

 

 

(18)

 

 

(2,459)

Net income

 

 

5,185

 

 

(151)

 

 

5,034

 

 

9,921

 

 

(325)

 

 

9,596

Basic earnings per share

 

$

0.21

 

$

(0.01)

 

$

0.20

 

$

0.40

 

$

(0.01)

 

$

0.39

Diluted earnings per share

 

$

0.19

 

$

 —

 

$

0.19

 

$

0.38

 

$

(0.02)

 

$

0.36

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2017

 

    

As previously reported

    

ASC 606 adjustment

    

As
adjusted

Other assets

 

$

1,576

 

$

42

 

$

1,618

Current portion of deferred revenue

 

 

2,311

 

 

2,227

 

 

4,538

Other long-term liabilities

 

 

882

 

 

3,060

 

 

3,942

Stockholders’ equity

 

 

174,773

 

 

(5,245)

 

 

169,528

 

Schedule of revenue from United States, Canada and all other international dealers and distributors combined

The following table sets forth revenue from the United States, Canada and all other international dealers and distributors combined (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

Nine Months Ended

 

 

 

 

September 30,

 

September 30,

 

 

 

    

2018

    

2017

    

2018

    

2017

 

 

Revenue-United States

 

$

49,780

 

$

44,728

 

$

139,021

 

$

122,751

 

 

Revenue-Canada

 

 

5,812

 

 

5,386

 

 

16,714

 

 

14,882

 

 

Revenue-all other international sources

 

 

16,002

 

 

14,469

 

 

44,236

 

 

38,410

 

 

Total revenue

 

$

71,594

 

$

64,583

 

$

199,971

 

$

176,043

 

 

International revenue (excluding Canada) as a percent of total revenue

 

 
22

%  

 
22

%  

 
22

%  

 
22

%  

 

 

Summary of changes in the allowance for doubtful accounts

The following table presents the changes in the allowance for doubtful accounts (in thousands):

 

 

 

 

 

 

    

Allowance

 

Balance at December 31, 2017

 

$

1,147

 

Provision

 

 

760

 

Write-offs

 

 

(365)

 

Balance at September 30, 2018

 

$

1,542

 

 

Schedule of changes in deferred revenue

The following table presents the changes in deferred revenue for the nine months ended September 30, 2018 (in thousands):

 

 

 

 

 

    

Deferred Revenue

Balance at December 31, 2017

 

$

7,682

Deferred revenue

 

 

6,253

Recognition of deferred revenue

 

 

(5,718)

Balance at September 30, 2018

 

$

8,217