XML 41 R28.htm IDEA: XBRL DOCUMENT v3.19.1
Revenue Recognition (Tables)
12 Months Ended
Mar. 31, 2019
Revenue from Contract with Customer [Abstract]  
Impact on the Consolidated Financial Statements
Select consolidated balance sheet line items, which reflects the adoption impact of the new standard as reported, as well as the impact of adoption, are as follows (in thousands):
 
March 31, 2019
 
As Reported
 
Balances without adoption of ASC 606
 
Effect of Change

Higher (Lower)
Assets:


 


 


Deferred contract acquisition costs
$
27,161

 
$

 
$
27,161

Deferred contract acquisition costs, non-current
$
26,218

 
$

 
$
26,218

Liabilities:

 

 

Deferred revenue, current
$
267,000

 
$
268,379

 
$
(1,379
)
Deferred revenue, non-current
$
4,597

 
$
4,552

 
$
45

Stockholders' Equity:


 


 


Accumulated deficit
$
(305,569
)
 
$
(360,550
)
 
$
54,981



    Select consolidated statement of operations line items, which reflects the adoption of the new standard, as reported, as well as the impact of adoption, are as follows (in thousands, except per share information):

 
Twelve Months Ended
March 31,
 
2019
 
As Reported
 
Balances without adoption of ASC 606
 
Effect of Change

Higher (Lower)
Revenue
$
479,225

 
$
477,875

 
$
1,350

Sales and marketing
$
257,066

 
$
269,882

 
$
(12,816
)
Loss from operations
$
(33,106
)
 
$
(47,272
)
 
$
14,166

Net loss attributable to New Relic
$
(40,893
)
 
$
(55,059
)
 
$
14,166

Net loss per share, basic and diluted
$
(0.72
)
 
$
(0.97
)
 
$
0.25



Select consolidated cash flow line items, which reflects the adoption of the new standard as reported, as well as the impact of adoption, are as follows (in thousands):

 
Twelve Months Ended
March 31,
 
2019
 
As Reported
 
Balances without adoption of ASC 606
 
Effect of Change

Higher (Lower)
Depreciation and amortization
$
53,794

 
$
27,943

 
$
25,851

Deferred contract acquisition costs
$
(38,667
)
 
$

 
$
(38,667
)
Net cash provided by operating activities
$
115,517

 
$
115,517

 
$

Summary of Deferred Revenue
The following table provides information about deferred revenue (in thousands):

 
 
Deferred Revenue
 
 
Current
 
Non-Current
April 1, 2018
 
$
188,860

 
$
1,182

March 31, 2019
 
$
267,000

 
$
4,597