Revenue (Tables)

12 Months Ended

Dec. 31, 2018

Impact of Adoption of ASC 606 At Year End

Changes to the balances at January 1, 2018 resulting from the adoption of ASC 606 are as follows:


	December 31,		Impact of
	2017		Adoption of		January 1,
	(As Reported)		ASC 606		2018
	(in thousands)
Assets
Current Assets:
Accounts receivable, net	$	60,102	$	6,335	$	66,437

Liabilities
Current Liabilities:
Current portion of deferred revenue	$	8,102	$	4,387	$	12,489
Deferred income taxes		67,799		463		68,262

Equity
Accumulated deficit	$	(225,369)	$	1,130	$	(224,239)
Noncontrolling interests		71,547		355		71,902

Impact of Adoption of ASC 606 On Statement of Operations

The tables below summarize the impact of the adoption on the consolidated statement of operations for the year ended December 31, 2018:


	Year Ended December 31,
	2018
	(in thousands, except share and per share data)
			Adjustments		Under previous
	As		due to		guidance
	Reported		ASC 606		(ASC 605)
Net revenue	$	169,956	$	(3,553)	$	173,509
Operating expenses		87,767		226		87,541
Impairment charges		17,899		-		17,899
Loss on sale of assets		7,117		-		7,117
Income from operations		57,173		(3,779)		60,952
Other expense		693		-		693
Interest expense, net		62,152		-		62,152
Loss before income taxes		(5,672)		(3,779)		(1,893)
(Benefit from) provision for income taxes		(694)		(869)		175
Net loss		(4,978)		(2,910)		(2,068)
Net income attributable to noncontrolling interests		(5,506)		177		(5,683)
Net loss attributable to Sequential Brands Group, Inc. and Subsidiaries	$	(10,484)	$	(2,733)	$	(7,751)
Loss per share attributable to Sequential Brands Group, Inc. and Subsidiaries:
Basic and diluted	$	(0.16)	$	(0.04)	$	(0.12)
Weighted-average common shares outstanding:
Basic and diluted		63,700,081		63,700,081		63,700,081

Disaggregated Revenue

The following table presents revenue disaggregated by source for the years ended December 31, 2018, 2017 and 2016:


	Year Ended December 31,
	2018		2017		2016
	(in thousands)
Licensing Agreements	$	160,500	$	161,703	$	149,026
Other		9,456		5,761		6,502
Total	$	169,956	$	167,464	$	155,528

Contract Balances

The below table summarizes the net change in contract assets and contract liabilities from the date of adoption to December 31, 2018:


	January 1,				December 31,
	2018		Changes		2018
	(in thousands)
Contract assets	$	6,335	$	(3,168)	$	3,167
Contract liabilities		4,387		612		4,999

Future Performance Obligations

The below table summarizes amounts related to future performance obligations under fixed contractual arrangements as of December 31, 2018 and the periods in which they are expected to be earned and recognized as revenue:



	2019		2020		2021		2022		2023		Thereafter
Future Performance Obligations	$	73,561	$	58,011	$	42,300	$	22,705	$	18,148	$	19,524