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Recent Accounting Developments (Tables)
 3 Months Ended
Mar. 31, 2018
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]  
Schedule of New Accounting Pronouncements and Changes in Accounting Principles
The following table summarizes the cumulative impact of the adoption of the new standard on the opening balance sheet (in thousands):
 
Balance at December 31, 2017
 
Adjustments Due to the Revenue Recognition Update
 
Balance at January 1, 2018
Assets
 
 
 
 
 
Accounts receivable, trade
$
113,416

 
$
7,883

 
$
121,299

Inventory
90,691

 
(6,917
)
 
83,774

Contract costs
—

 
21,524

 
21,524

 
 
 
 
 
 
Liabilities
 
 
 
 
 
Accrued liabilities
$
71,116

 
$
209

 
$
71,325

Deferred revenue
4,858

 
3,188

 
8,046

Deferred income taxes
97,943

 
4,427

 
102,370

 
 
 
 
 
 
Equity
 
 
 
 
 
Accumulated deficit
$
(2,241,243
)
 
$
14,666

 
$
(2,226,577
)

The following tables summarize the impact of the application of the Revenue Recognition Update on our condensed consolidated balance sheet and condensed consolidated statement of operations (in thousands):
 
 
 
 
 
 
 
March 31, 2018
 
 
Balance Sheet
As Reported
 
Balance Excluding the Impact of the Revenue Recognition Update
 
Effect of Change
Assets
 
 
 
 
 
Accounts receivable, trade
$
116,004

 
$
102,733

 
$
13,271

Inventory
84,208

 
95,554

 
(11,346
)
Contract costs
26,718

 
—

 
26,718

 
 
 
 
 
 
Liabilities
 
 
 
 
 
Accrued liabilities
$
74,198

 
$
73,976

 
$
222

Deferred revenue
8,372

 
4,083

 
4,289

Deferred income taxes
102,539

 
97,408

 
5,131

Other long-term liabilities
20,498

 
20,492

 
6

 
 
 
 
 
 
Equity
 
 
 
 
 
Accumulated deficit
$
(2,238,800
)
 
$
(2,256,316
)
 
$
17,516

Noncontrolling interest
(44,407
)
 
(45,886
)
 
1,479


 
 
 
 
 
 
 
Three Months Ended March 31, 2018
 
 
Statement of Operations
As Reported
 
Balance Excluding the Impact of the Revenue Recognition Update
 
Effect of Change
Revenue:
 
 
 
 
 
Contract operations
$
161,197

 
$
163,193

 
$
(1,996
)
Aftermarket services
50,843

 
44,782

 
6,061

Total revenue
212,040

 
207,975

 
4,065

Cost of sales (excluding depreciation and amortization):
 
 
 
 
 
Contract operations
64,595

 
69,194

 
(4,599
)
Aftermarket services
42,337

 
37,908

 
4,429

Selling, general and administrative
27,508

 
28,103

 
(595
)
Provision for (benefit from) income taxes
354

 
(357
)
 
711

Less: Net income attributable to the noncontrolling interest
(5,885
)
 
(4,406
)
 
(1,479
)
Net loss attributable to Archrock stockholders
(3,816
)
 
(6,456
)
 
2,640