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Basis of Presentation and Significant Accounting Policies Basis of Presentation and Significant Accounting Policies (Tables)
 6 Months Ended
Jun. 30, 2018
Accounting Policies [Abstract]  
Schedule of New Accounting Pronouncements Impact
The cumulative effect of the changes made to the Company's consolidated January 1, 2018 balance sheet for the adoption of ASU 2014-09, "Revenue - Revenue from Contracts with Customers" and ASU 2016-16, "Intra-Entity Transfers of Assets Other Than Inventory" were as follows (in thousands):
 
Balance at December 31, 2017
 
Adjustments Due to ASU 2014-09
 
Adjustments Due to ASU 2016-16
 
Balance at January 1, 2018
 
 
 
 
 
 
 
 
Assets
 
 
 
 
 
 
 
Accounts receivable, net
$
346,687

 
$
981

 
$
—

 
$
347,668

Inventories
372,183

 
(524
)
 
—

 
371,659

Other assets
59,869

 
—

 
(1,005
)
 
58,864

 
 
 
 
 
 
 
 
Liabilities
 
 

 

 
 
Deferred revenue
25,614

 
(788
)
 
—

 
24,826

Deferred income taxes
12,496

 
290

 
1,422

 
14,208

Pension and other long-term liabilities
59,872

 
—

 
(8,030
)
 
51,842

 
 
 
 
 
 
 


Shareholders' Equity
 
 

 

 
 
Retained earnings
1,856,756

 
955

 
5,603

 
1,863,314

In accordance with the new revenue standard requirements, the disclosure of the impact of adoption on our consolidated income statement and balance sheet was as follows (in thousands):
 
Three Months Ended June 30, 2018
 
Six Months Ended June 30, 2018
 
As Reported
 
Balances Without Adoption of ASC 606
 
Effect of Change
Higher/(Lower)
 
As Reported
 
Balances Without Adoption of ASC 606
 
Effect of Change
Higher/(Lower)
Income Statement
 
 
 
 
 
 
 
 
 
 
 
Revenue
$
452,707

 
$
452,198

 
$
509

 
$
892,325

 
$
891,169

 
$
1,156

Cost of goods sold
220,156

 
220,043

 
113

 
441,860

 
441,653

 
207

Income tax provision
11,390

 
11,309

 
81

 
26,810

 
26,610

 
200

Net earnings
71,563

 
71,248

 
315

 
110,758

 
110,009

 
749

 
June 30, 2018
 
As Reported
 
Balances Without Adoption of ASC 606
 
Effect of Change
Higher/(Lower)
Balance Sheet
 
 
 
 
 
Assets
 
 
 
 
 
Accounts receivable, net
$
304,265

 
$
302,128

 
$
2,137

Inventories
384,242

 
384,449

 
(207
)
 
 
 
 
 
 
Liabilities
 
 
 
 
 
Deferred revenue
27,299

 
27,299

 
—

Deferred income taxes
15,294

 
14,804

 
490

 
 
 
 
 
 
Equity
 
 
 
 
 
Retained earnings
1,929,742

 
1,928,302

 
1,440