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Summary of Significant Accounting Policies (Tables)
 6 Months Ended
Jun. 30, 2018
Accounting Policies [Abstract]  
Summary of Reflection of New Adopted Standards in Selected Consolidated Statements Line Items

The following table presents a recast of selected unaudited consolidated statement of income line items after giving effect to the adoption of ASU 2014-09 (dollars in thousands, except per share amounts):

 

 

Three Months Ended June 30, 2017

 

 

Six Months Ended June 30, 2017

 

 

 

As previously reported

 

 

Adjustments

 

 

As Adjusted

 

 

As previously reported

 

 

Adjustments

 

 

As Adjusted

 

Administrative expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

     Sales and marketing

 

$

34,070

 

 

$

(6,640

)

 

$

27,430

 

 

$

70,918

 

 

$

(17,909

)

 

$

53,009

 

     General and administrative

 

$

26,657

 

 

$

(3,063

)

 

$

23,594

 

 

$

44,483

 

 

$

(5,639

)

 

$

38,844

 

Operating income

 

$

9,089

 

 

$

9,703

 

 

$

18,792

 

 

$

47,754

 

 

$

23,548

 

 

$

71,302

 

Provision for income taxes

 

$

(5,264

)

 

$

3,908

 

 

$

(1,356

)

 

$

7,625

 

 

$

9,673

 

 

$

17,298

 

Net income

 

$

14,221

 

 

$

5,795

 

 

$

20,016

 

 

$

39,835

 

 

$

13,875

 

 

$

53,710

 

Earnings per share, basic

 

$

0.24

 

 

$

0.10

 

 

$

0.34

 

 

$

0.69

 

 

$

0.24

 

 

$

0.93

 

Earnings per share, diluted

 

$

0.24

 

 

$

0.10

 

 

$

0.34

 

 

$

0.67

 

 

$

0.24

 

 

$

0.91

 

The following table presents a recast of selected unaudited consolidated balance sheet line items after giving effect to the adoption of ASU 2014-09 (in thousands):

 

 

December 31, 2017

 

 

 

As previously reported

 

 

Adjustments

 

 

As Adjusted

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

Deferred contract costs

 

$

—

 

 

$

26,403

 

 

$

26,403

 

Deferred income tax assets, net

 

$

3,294

 

 

$

(3,294

)

 

$

—

 

Long-term deferred contract costs

 

$

—

 

 

$

171,865

 

 

$

171,865

 

Liabilities and Stockholders' Equity

 

 

 

 

 

 

 

 

 

 

 

 

Deferred income tax liabilities, net

 

$

—

 

 

$

49,129

 

 

$

49,129

 

Additional paid-in capital

 

$

137,234

 

 

$

24,575

 

 

$

161,809

 

Retained earnings

 

$

137,255

 

 

$

121,270

 

 

$

258,525

 

 

The following table presents a recast of selected unaudited consolidated statement of cash flow line items after giving effect to the adoption of ASU 2014-09 (in thousands):

 

 

Six Months Ended June 30, 2017

 

 

 

As previously reported

 

 

Adjustments

 

 

As Adjusted

 

Cash flows from operating activities

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

39,835

 

 

$

13,875

 

 

$

53,710

 

Stock-based compensation expense

 

$

17,524

 

 

$

(1,218

)

 

$

16,306

 

Deferred income taxes, net

 

$

(6,760

)

 

$

9,673

 

 

$

2,913

 

Deferred contract costs

 

$

—

 

 

$

(22,330

)

 

$

(22,330

)

Net cash provided by operating activities

 

$

55,293

 

 

$

—

 

 

$

55,293