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Basis of Presentation and Summary of Significant Accounting Policies (Tables)
 9 Months Ended
Sep. 30, 2018
Accounting Policies [Abstract]  
Schedule of disaggregated revenue

The Company disaggregates revenue from contracts with customers into geographic region, product and timing of transfer of goods and services. The Company determined that disaggregating revenue into these categories achieves the disclosure objective of depicting how the nature, amount, timing and uncertainty of revenue and cash flows are affected by economic factors.
Revenues for the three months ended September 30, 2018
(in thousands)
 
 
 
 
 
 
 
 
 
Region
North America
 
EMEA
 
Latin America
 
Asia Pacific
 
Total Revenue
Product
 
 
 
 
 
 
 
 
 
1-MCP based
$
26,029

 
$
34,284

 
$
779

 
$
2,387

 
$
63,479

Fungicides, waxes, coatings, biocides
270

 
4,047

 
—

 
—

 
4,317

Other*
614

 
134

 
154

 
—

 
902

 
$
26,913

 
$
38,465

 
$
933

 
$
2,387

 
$
68,698

 
 
 
 
 
 
 
 
 
 
Pattern of Revenue Recognition
 
 
 
 
 
 
 
 
 
Products transferred at a point in time
$
26,774

 
$
38,342

 
$
907

 
$
2,176

 
$
68,199

Services transferred over time
139

 
123

 
26

 
211

 
499

 
$
26,913

 
$
38,465

 
$
933

 
$
2,387

 
$
68,698


Revenues for the nine months ended September 30, 2018
(in thousands)
 
 
 
 
 
 
 
 
 
Region
North America
 
EMEA
 
Latin America
 
Asia Pacific
 
Total Revenue
Product
 
 
 
 
 
 
 
 
 
1-MCP based
$
28,378

 
$
43,508

 
$
26,185

 
$
12,228

 
$
110,299

Fungicides, waxes, coatings, biocides
270

 
12,981

 
—

 
—

 
13,251

Other*
1,236

 
349

 
335

 


 
1,920

 
$
29,884

 
$
56,838

 
$
26,520

 
$
12,228

 
$
125,470

 
 
 
 
 
 
 
 
 
 
Pattern of Revenue Recognition
 
 
 
 
 
 
 
 
 
Products transferred at a point in time
$
29,701

 
$
56,658

 
$
26,448

 
$
11,784

 
$
124,591

Services transferred over time
183

 
180

 
72

 
444

 
879

 
$
29,884

 
$
56,838

 
$
26,520

 
$
12,228

 
$
125,470


*Other includes RipeLock, AdvanStore, LandSpring, Verigo (as defined in Note 3), technical services and sales-type leases related to Tecnidex
Schedule of changes in contract assets and liabilities
The following table presents changes in the Company’s contract assets and liabilities during the nine months ended September 30, 2018:
 
  
Balance at January 1, 2018
 
Additions
 
Deductions
 
Balance at September 30, 2018
(in thousands)
 
 
 
 
 
 
 
 
Contract assets:
  
 
 
 
 
 
 
 
       Unbilled revenue
 
$
739

 
$
5,736

 
$
(1,613
)
 
$
4,862

Contract liabilities:
  
 
 
 
 
 
 
 
       Deferred revenue
  
$
100

 
$
3,717

 
$
(890
)
 
$
2,927
Summary of affect of ASC 606 on financial statements
The following table summarizes the amounts by which the consolidated financial statements are affected in the current reporting period by ASC 606 as compared with the guidance that was in effect before the change.
Balance at September 30, 2018  (in thousands)
As reported
ASC 606 Adjustments
Balances without adoption of ASC 606
Consolidated Balance Sheet
 
 
 
Liabilities
 
 
 
Accrued expenses and other current liabilities
$
62,200

$
(1,209
)
$
60,991

 
 
 
 
Equity
 
 
 
Accumulated deficit
$
(136,611
)
$
1,209

$
(135,402
)

Three months ended September 30, 2018
(in thousands)
As reported
ASC 606 Adjustments
Balances without adoption of ASC 606
Consolidated Statements of Operations
 
 
 
Revenue
 
 
 
Net sales
$
68,698

$
166

$
68,864

 
 
 
 
Net income attributable to AgroFresh Solutions, Inc
$
3,470

$
129

$
3,599


Nine months ended September 30, 2018
(in thousands)
As reported
ASC 606 Adjustments
Balances without adoption of ASC 606
Consolidated Statements of Operations
 
 
 
Revenue
 
 
 
Net sales
$
125,470

$
1,209

$
126,679

 
 
 
 
Net loss attributable to AgroFresh Solutions, Inc
(27,882
)
$
943

$
(26,939
)