REVENUE (Tables)

6 Months Ended

Jun. 30, 2018

Revenue, Initial Application Period Cumulative Effect Transition [Line Items]

Schedule of contract assets and liabilities

			January 1, 2018
	June 30, 2018		(as adjusted)
Contract assets (i.e., unbilled receivables)	$	27,273	$	18,838
Contract liabilities (i.e., deferred revenue)	$	4,800	$	6,480

Schedule of disaggregation of revenue

	Three Months Ended		Six Months Ended
Geographic area	June 30, 2018		June 30, 2018
Americas	$	40,831	$	82,507
Europe		24,047		45,801
Asia Pacific		6,148		11,595
	$	71,026	$	139,903

ASU 2014-09 (“ASC Topic 606”)

Revenue, Initial Application Period Cumulative Effect Transition [Line Items]

Schedule of effect of the adoption of Accounting Standards Update

The cumulative effect of the changes made to our Condensed Consolidated Balance Sheet as of January 1, 2018 for the adoption of ASC Topic 606 was as follows:

	As of January 1, 2018
	As Previously
	Reported				As Adjusted
	Under ASC 605		Adjustments		for ASC 606
Assets
Accounts and unbilled receivables, net of allowance of $503	$	70,824	$	1,468	$	72,292
Prepaid expense and other current assets	$	4,467	$	(1,071)	$	3,396
Deferred tax asset	$	2,521	$	(549)	$	1,972
Liabilities
Deferred revenue	$	8,898	$	(2,418)	$	6,480
Accrued expenses	$	21,486	$	133	$	21,619
Deferred tax liability	$	1,569	$	95	$	1,664
Stockholders' equity
Accumulated deficit	$	(157,814)	$	2,038	$	(155,776)

The following table presents the effect of the adoption of ASC Topic 606 on our condensed consolidated balance sheet as of June 30, 2018.

	June 30, 2018
	As Reported
	Under ASC 606		Adjustments		ASC 605
Assets
Accounts receivables and contract assets, net of allowance of $661	$	73,522	$	(1,731)	$	71,791
Prepaid expense and other current assets	$	4,038	$	2,074	$	6,112
Deferred tax asset	$	2,502	$	549	$	3,051
Liabilities
Contract liabilities	$	4,800	$	6,120	$	10,920
Accrued expenses	$	17,738	$	(150)	$	17,588
Deferred tax liability	$	1,866	$	(802)	$	1,064
Stockholders' equity
Accumulated deficit	$	(153,248)	$	(4,276)	$	(157,524)

The following table presents the effect of the adoption of ASC Topic 606 on our condensed consolidated statement of comprehensive income for the three months ended June 30, 2018.

	Three Months Ended June 30, 2018
	As Reported
	Under ASC 606		Adjustments		ASC 605
Revenues	$	71,026	$	(419)	$	70,607
Operating expenses						—
Direct costs and expenses for advisors		40,153		469		40,622
Selling, general and administrative		24,680		-		24,680
Depreciation and amortization		1,993		-		1,993
Operating income		4,200		(888)		3,312
Interest income		3		-		3
Interest expense		(1,728)		-		(1,728)
Foreign currency transaction gain		49		-		49
Income before taxes		2,524		(888)		1,636
Income tax provision (benefit)		162		(213)		(51)
Net income	$	2,362	$	(675)	$	1,687

The following table presents the effect of the adoption of ASC Topic 606 on our condensed consolidated statement of comprehensive income for the six months ended June 30, 2018.

	Six Months Ended June 30, 2018
	As Reported
	Under ASC 606		Adjustments		ASC 605
Revenues	$	139,903	$	(3,966)	$	135,937
Operating expenses						—
Direct costs and expenses for advisors		83,137		(1,019)		82,118
Selling, general and administrative		46,908		-		46,908
Depreciation and amortization		3,895		-		3,895
Operating income		5,963		(2,947)		3,016
Interest income		110		-		110
Interest expense		(3,465)		-		(3,465)
Foreign currency transaction gain		25		-		25
Income (loss) before taxes		2,633		(2,947)		(314)
Income tax provision (benefit)		107		(707)		(600)
Net income	$	2,526	$	(2,240)	$	286