The cumulative effect of the changes made to our Consolidated Balance Sheet as of January 1, 2018 for the adoption of ASC 606 was as follows:



(in thousands)		Dec 31, 2017		Adjustments Due to ASC 606			Jan 1, 2018 Under ASC 606
Assets
	Accounts receivable	$	476,903	$	(163,963	)	$	312,940
	Contract assets	—		171,956			171,956
	Total accounts receivable	476,903		7,993			484,896
	Inventory	215,282		(34,187		)	181,095
Liabilities
	Accrued liabilities	350,258		(63,045		)	287,213
	Contract liabilities	—		37,590			37,590
	Total accrued liabilities	350,258		(25,455		)	324,803
	Other long-term liabilities	131,323		(202		)	131,121
Equity
	Retained earnings	2,417,412		(537		)	2,416,875

In accordance with the ASC 606 requirements, the impact of adoption on carryover contracts on our Consolidated Statement of Operations and Consolidated Balance Sheet was as follows:

Consolidated Statement of Operations



	Three Months Ended Mar 31, 2018
(in thousands)	As Reported Under ASC 606			Effect of Change			Balances Without Adoption of ASC 606
Revenue	$	416,413		$	6,064		$	422,477
Cost of services and products	397,585			9,112			406,697
Provision (benefit) for income taxes	5,888			(654		)	5,234
Net income (loss)	(49,133		)	(2,394		)	(51,527		)

Consolidated Balance Sheet



		Mar 31, 2018
(in thousands)		As Reported Under ASC 606		Effect of Change			Balances Without Adoption of ASC 606
Assets
	Accounts receivable	$	300,976	$	—		$	300,976
	Contract assets	170,369		(8,996		)	161,373
	Total accounts receivable	471,345		(8,996		)	462,349
	Inventory	185,009		24,767			209,776
Liabilities
	Accrued liabilities	258,975		(172		)	258,803
	Contract liabilities	30,552		18,252			48,804
	Total accrued liabilities	289,527		18,080			307,607
	Other long-term liabilities	132,888		(452		)	132,436
Equity
	Retained earnings	2,367,742		(1,857		)	2,365,885