Revenue Recognition (Tables)

12 Months Ended

Dec. 31, 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):

	December 31, 2018
	As Reported			Balance without Adoption of ASC 606			Effect of Change Higher (Lower)
Consolidated Balance Sheets
Assets:
Other current assets	$	3,121		$	3,279		$	(158	)
Liabilities:
Deferred income tax liability, net	12,381			12,437			(56		)
Common shareholders' equity:
Accumulated deficit	$	(7,589	)	$	(7,803	)	$	(214	)

	Year Ended December 31, 2018
	As Reported		Balance without Adoption of ASC 606		Effect of Change Higher (Lower)
Consolidated Statements of Operations
Selling, general and administrative expenses	$	62,572	$	62,809	$	(237	)
Income tax provision	1,287		1,231		56
Net income	$	4,142	$	3,961	$	181

Disaggregation of Revenue

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

	Year Ended December 31, 2018
	Beer Related(1)		Brewpubs		Total
Product sold through distributor agreements2	$	176,265	$	—	$	176,265
Alternating proprietorship and contract brewing fees	10,612		—		10,612
International distribution fees	3,400		—		3,400
Brewpubs3	—		24,023		24,023
Other4	2,969		—		2,969
	$	193,246	$	24,023	$	217,269

(1) Beer Related sales include sales to Anheuser-Busch, LLC ("A-B") subsidiaries including Ambev, Anheuser-Busch Worldwide Investments, LLC (“ABWI”) and Anheuser-Busch Companies, LLC (“ABC”). Sales to wholesalers through the A-B distributor agreement in 2018 represented 77.2% of our Sales.

(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.