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REVENUE FROM CONTRACTS FROM CUSTOMERS (Tables)
 9 Months Ended
Sep. 30, 2018
Revenue from Contract with Customer [Abstract]  
Schedule of New Accounting Pronouncements and Changes in Accounting Principles
As a result of applying the modified retrospective method to adopt the new guidance, the following adjustments were made on the condensed consolidated balance sheet as of January 1, 2018:
 
As Revised
 
 
 
Adjusted
 
December 31, 2017
 
Adjustments
 
January 1, 2018
 
(in thousands)
Assets:
 
 
 
 
 
Unbilled receivables
$
37,785

 
$
1,166

 
$
38,951

Inventories, net
24,337

 
(292
)
 
24,045

Prepaid expenses
2,266

 
(403
)
 
1,863

Liabilities:
 

 
 
 
 

Accrued expenses
$
17,862

 
$
49

 
$
17,911

Deferred revenue
6,090

 
1,743

 
7,833

Deferred tax liability, net
19,367

 
(325
)
 
19,042

Equity:
 
 
 
 
 
Accumulated deficit
$
(115,433
)
 
$
(996
)
 
$
(116,429
)
The following tables compare the reported condensed consolidated balance sheet and statement of operations as of and for the three and nine months ended September 30, 2018, to the pro-forma amounts had ASC 605 been in effect:
 
September 30, 2018
 
As Reported
(ASC 606)
 
As Adjusted
(ASC 605)
 
(in thousands)
Assets:
 
 
 
Unbilled receivables
$
55,490

 
$
55,188

Inventories, net
26,342

 
26,610

Liabilities:
 

 
 

Accrued expenses
$
16,190

 
$
15,737

Deferred revenue
3,465

 
3,016

Deferred tax liability, net
15,735

 
16,085

Equity:
 
 
 
Accumulated deficit
$
(133,208
)
 
$
(132,690
)

 
Three months ended September 30, 2018
 
Nine months ended September 30, 2018
 
As Reported
(ASC 606)
 
As Adjusted
(ASC 605)
 
As Reported
(ASC 606)
 
As Adjusted
(ASC 605)
 
(in thousands, except per share amounts)
Revenue
$
126,690

 
$
127,889

 
$
380,572

 
$
380,142

Cost of revenue, excluding amortization
91,771

 
91,761

 
281,813

 
281,836

Operating income
3,743

 
4,953

 
8,098

 
7,645

Loss before income taxes
(2,672
)
 
(1,462
)
 
(20,348
)
 
(20,801
)
Income tax benefit, net
(686
)
 
(371
)
 
(3,569
)
 
(3,544
)
Net loss
(1,986
)
 
(1,091
)
 
(16,779
)
 
(17,257
)
 
 
 
 
 
 
 
 
Loss per share
 
 
 
 
 

 
 

Basic
$
(0.04
)
 
$
(0.02
)
 
$
(0.34
)
 
$
(0.35
)
Diluted
$
(0.04
)
 
$
(0.02
)
 
$
(0.34
)
 
$
(0.35
)
Disaggregation of Revenue
The following table summarizes revenue from contracts with customers by contract-type and customer-type for the three and nine months ended September 30, 2018:
Revenue by Customer Type and Contract Type
Three months ended September 30, 2018
 
Nine months ended September 30, 2018
 
 
 
(in thousands)
Department of Defense
 
 
 
Cost Reimbursement
$
44,080

 
$
131,641

Time & Materials and Fixed-Price-Level-of-Effort
23,174

 
74,842

Firm-Fixed-Price
29,655

 
83,692

Total Department of Defense
96,909

 
290,175

 
 
 
 
Non-Department of Defense U.S. Government
 
 
 
Cost Reimbursement
2,219

 
6,093

Time & Materials and Fixed-Price-Level-of-Effort
19,062

 
57,956

Firm-Fixed-Price
2,464

 
7,851

Total Non-Department of Defense U.S. Government
23,745

 
71,900

 
 
 
 
Commercial and other
 
 
 
Cost Reimbursement
—

 
—

Time & Materials and Fixed-Price-Level-of-Effort
1,078

 
2,906

Firm-Fixed-Price
4,958

 
15,591

Total Commercial and other
6,036

 
18,497

 
 
 
 
Total Revenues
$
126,690

 
$
380,572