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



	Six Months Ended June 30, 2018
(in thousands)	As Reported Under ASC 606			Effect of Change			Balances Without Adoption of ASC 606
Revenue	$	895,087		$	(10,729	)	$	884,358
Cost of services and products	846,531			(764		)	845,767
Provision (benefit) for income taxes	9,182			(1,970		)	7,212
Net income (loss)	(82,209		)	(7,995		)	(90,204		)

Consolidated Balance Sheet



		Jun 30, 2018
(in thousands)		As Reported Under ASC 606		Effect of Change			Balances Without Adoption of ASC 606
Assets
	Accounts receivable	$	335,858	$	—		$	335,858
	Unbilled accounts receivable	—		144,579			144,579
	Contract assets	168,464		(168,464		)	—
	Total accounts receivable	504,322		(23,885		)	480,437
	Inventory	185,926		19,814			205,740
Liabilities
	Accrued liabilities	306,089		(164		)	305,925
	Contract liabilities	30,137		5,316			35,453
	Total accrued liabilities	336,226		5,152			341,378
	Other long-term liabilities	122,610		(1,768		)	120,842
Equity
	Retained earnings	2,334,666		(7,458		)	2,327,208