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ACCOUNTING STANDARDS ADOPTIONS (Tables)
 6 Months Ended
Jun. 30, 2018
ACCOUNTING STANDARDS ADOPTIONS [Abstract]  
Condensed Consolidated Financial Statements Impacted by ASU 2014-09
The following tables summarize the financial statement line items within the Company’s condensed consolidated financial statements impacted by ASU 2014-09 for the three months and six months ended June 30, 2018 (in thousands):

  
Three months ended June 30, 2018
 
  
As Reported
  
Balances
without
Adoption of
ASC 606
  
Effect of
Change
 
          
Statements of earnings:
         
Distribution and services revenues
 
$
424,508
  
$
376,008
  
$
48,500
 
Costs of sales and operating expenses
 
$
588,628
  
$
549,628
  
$
39,000
 
Operating income
 
$
55,853
  
$
46,353
  
$
9,500
 
Earnings before taxes on income
 
$
44,854
  
$
35,354
  
$
9,500
 
Provision for taxes on income
 
$
(16,061
)
 
$
(13,797
)
 
$
(2,264
)
Net earnings attributable to Kirby
 
$
28,602
  
$
21,366
  
$
7,236
 
             
Statements of comprehensive income:
            
Net earnings
 
$
28,793
  
$
21,557
  
$
7,236
 
Comprehensive income attributable to Kirby
 
$
28,160
  
$
20,924
  
$
7,236
 

  
Six months ended June 30, 2018
 
  
As Reported
  
Balances
without
Adoption of
ASC 606
  
Effect of
Change
 
          
Statements of earnings:
         
Distribution and services revenues
 
$
825,793
  
$
804,593
  
$
21,200
 
Costs of sales and operating expenses
 
$
1,141,945
  
$
1,124,445
  
$
17,500
 
Operating income
 
$
106,573
  
$
102,873
  
$
3,700
 
Earnings before taxes on income
 
$
87,385
  
$
83,685
  
$
3,700
 
Provision for taxes on income
 
$
(25,926
)
 
$
(25,013
)
 
$
(913
)
Net earnings attributable to Kirby
 
$
61,073
  
$
58,286
  
$
2,787
 
             
Statements of comprehensive income:
            
Net earnings
 
$
61,459
  
$
58,672
  
$
2,787
 
Comprehensive income attributable to Kirby
 
$
53,556
  
$
50,769
  
$
2,787
 
             
Statements of cash flows:
            
Net earnings
 
$
61,459
  
$
58,672
  
$
2,787
 
Provision for deferred income taxes
 
$
23,381
  
$
24,294
  
$
(913
)
Decrease in cash flows resulting from changes in operating assets and liabilities, net
 
$
(63,484
)
 
$
(61,610
)
 
$
(1,874
)
 
The following table summarizes the balance sheet line items within the Company’s condensed consolidated financial statements as of June 30, 2018 impacted by ASU 2014-09 (in thousands):

  
June 30, 2018
 
  
As Reported
  
Balances
without
Adoption of
ASC 606
  
Effect of
Change
 
Balance sheets:
         
Trade receivables
 
$
448,281
  
$
487,499
  
$
(39,218
) 
Inventories — net
 
$
384,007
  
$
348,907
  
$
35,100
 
Total assets
 
$
5,829,276
  
$
5,833,394
  
$
(4,118
) 
Deferred revenues
 
$
61,165
  
$
56,183
  
$
4,982
 
Deferred income taxes
 
$
531,284
  
$
533,471
  
$
(2,187
) 
Retained earnings
 
$
2,706,213
  
$
2,713,126
  
$
(6,913
) 
Total liabilities and equity
 
$
5,829,276
  
$
5,833,394
  
$
(4,118
)