Revenue Recognition (Tables)

6 Months Ended

Jun. 30, 2018

Revenue from Contract with Customer [Abstract]

Schedule of New Accounting Pronouncements and Changes in Accounting Principles

The adjustments to our Consolidated Balance Sheets upon adoption of ASC 606, effective January 1, 2018 were as follows (in thousands):

	Balance at December 31, 2017			Adjustments due to ASC 606			Balance at January 1, 2018
Assets:
Other current assets	$	4,335		$	(237	)	$	4,098
Intangible, equity method investment and other assets, net	20,949			(157		)	20,792
Common shareholders' equity:
Accumulated deficit	$	(11,337	)	$	(394	)	$	(11,731	)

In accordance with the new revenue standard requirements, the disclosure of the impact of adoption on our Consolidated Balance Sheets and Consolidated Statements of Operations was as follows (in thousands):

	June 30, 2018
	As Reported			Balance without Adoption of ASC 606			Effect of Change Higher (Lower)
Consolidated Balance Sheets
Assets:
Other current assets	$	1,874		$	2,111		$	(237	)
Intangible, equity method investment and other assets, net	20,469			20,508			(39		)
Liabilities:
Deferred income tax liability, net	12,301			12,334			(33		)
Common shareholders' equity:
Accumulated deficit	$	(7,118	)	$	(7,427	)	$	(309	)

	Three Months Ended June 30, 2018							Six Months Ended June 30, 2018
	As Reported		Balance without Adoption of ASC 606		Effect of Change Higher (Lower)			As Reported		Balance without Adoption of ASC 606		Effect of Change Higher (Lower)
Consolidated Statements of Operations
Selling, general and administrative expenses	$	15,857	$	15,916	$	(59	)	$	30,605	$	30,723	$	(118	)
Income tax provision	1,732		1,715		17			1,794		1,761		33
Net income	4,452		4,410		42			4,613		4,528		85

Disaggregation of Revenue

The following table disaggregates our Sales by major source (in thousands):

	Three Months Ended June 30, 2018						Six Months Ended June 30, 2018
	Beer Related1		Brewpubs		Total		Beer Related1		Brewpubs		Total
Product sold through distributor agreements2	$	54,148	$	—	$	54,148	$	93,815	$	—	$	93,815
Alternating proprietorship and contract brewing fees	3,175		—		3,175		5,886		—		5,886
International distribution fees	850		—		850		1,700		—		1,700
Brewpubs3	—		6,101		6,101		—		12,112		12,112
Other4	979		—		979		1,825		—		1,825
	$	59,152	$	6,101	$	65,253	$	103,226	$	12,112	$	115,338

(1) Beer Related sales include sales to A-B subsidiaries including Ambev, ABWI and ABC. Sales to wholesalers through the A-B distributor agreement in the three and six-month periods ended June 30, 2018 represented 77.9% and 77.3% of our Sales, respectively.

(2) Product sold through distributor agreements included domestic and international sales of owned and non-owned brands pursuant to terms in our distributor agreements.

(3) Brewpub sales include sales of promotional merchandise and sales of beer directly to customers.

(4) Other sales include sales of beer related merchandise, hops, spent grain and an export manager fee.