XML 43 R33.htm IDEA: XBRL DOCUMENT v3.10.0.1
Revenue Recognition - Schedule of Disaggregation of Revenue (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Disaggregation of Revenue [Line Items]        
Disaggregation of Revenue [Table Text Block]
The following table presents the impact of ASC 606 on Condensed Consolidated Statements of Income (Unaudited):
 
Three Months Ended June 30, 2018
(Dollars in thousands)
As Reported
 
Service Revenues and Costs Adjustments
 
Pro-Forma as if Previous Accounting Guidance Was in Effect
 
 
 
 
 
 
Product revenue
$
80,397

 
$
9,738

 
$
90,135

Service revenue
9,985

 
(9,985
)
 
—

Total revenue
$
90,382

 
$
(247
)
 
$
90,135

 
 
 
 
 
 
Product cost of goods sold
$
37,856

 
$
—

 
$
37,856

Service costs
3,395

 
(3,395
)
 
—

Total cost of goods sold
$
41,251

 
$
(3,395
)
 
$
37,856

 
 
 
 
 
 
Gross profit
49,131

 
3,148

 
52,279

Gross profit percentage
54.4
%
 
 
 
58.0
%
 
 
 
 
 
 
Selling expenses
22,004

 
3,078

 
25,082

General and administrative expenses
21,573

 
—

 
21,573

Operating expenses
43,577

 
3,078

 
46,655

  
 
Six Months Ended June 30, 2018
(Dollars in thousands)
As Reported
 
Service Revenues and Costs Adjustments
 
Pro-Forma as if Previous Accounting Guidance Was in Effect
 
 
 
 
 
 
Product revenue
$
155,367

 
$
19,402

 
$
174,769

Service revenue
19,474

 
(19,474
)
 
—

Total revenue
$
174,841

 
$
(72
)
 
$
174,769

 
 
 
 
 
 
Product cost of goods sold
$
72,688

 
$
—

 
$
72,688

Service costs
6,804

 
(6,804
)
 
—

Total cost of goods sold
$
79,492

 
$
(6,804
)
 
$
72,688

 
 
 
 
 
 
Gross profit
95,349

 
6,732

 
102,081

Gross profit percentage
54.5
%
 
 
 
58.4
%
 
 
 
 
 
 
Selling expenses
43,944

 
6,624

 
50,568

General and administrative expenses
44,014

 
—

 
44,014

Operating expenses
87,958

 
6,624

 
94,582


Operating income as reported was $7.39 million whereas pro forma operating income as if previous accounting guidance was in effect would have been $7.50 million.

  
Product revenue $ 80,397 $ 75,006 $ 155,367 $ 149,623
Service revenue 9,985 0 19,474 0
Total revenue 90,382 75,006 174,841 149,623
Product cost of goods sold 37,856 29,865 72,688 59,603
Service costs 3,395 0 6,804 0
Cost of goods sold 41,251   79,492  
Gross profit $ 49,131 45,141 $ 95,349 90,020
Gross profit percentage 54.40%   54.50%  
Selling expenses $ 22,004 23,806 $ 43,944 48,610
General and administrative expenses 21,573 18,866 44,014 38,229
Gain on sale of property 43,577 37,250 87,958 81,417
Operating income 5,554 7,891 7,391 8,603
Calculated under Revenue Guidance in Effect before Topic 606        
Disaggregation of Revenue [Line Items]        
Product revenue 90,135   174,769  
Service revenue 0   0  
Total revenue 90,135   174,769  
Product cost of goods sold 37,856   72,688  
Service costs 0   0  
Cost of goods sold 37,856   72,688  
Gross profit $ 52,279   $ 102,081  
Gross profit percentage 58.00%   58.40%  
Selling expenses $ 25,082   $ 50,568  
General and administrative expenses 21,573   44,014  
Gain on sale of property 46,655   94,582  
Accounting Standards Update 2014-09 | Difference between Revenue Guidance in Effect before and after Topic 606        
Disaggregation of Revenue [Line Items]        
Product revenue 9,738   19,402  
Service revenue (9,985)   (19,474)  
Total revenue (247)   (72)  
Product cost of goods sold 0   0  
Service costs (3,395)   (6,804)  
Cost of goods sold (3,395)   (6,804)  
Gross profit 3,148   6,732  
Selling expenses 3,078   6,624  
General and administrative expenses 0   0  
Gain on sale of property 3,078   6,624  
UNITED STATES        
Disaggregation of Revenue [Line Items]        
Total revenue 71,626 67,320 139,944 134,601
CANADA        
Disaggregation of Revenue [Line Items]        
Total revenue $ 18,756 $ 7,686 $ 34,897 $ 15,022