NEW ACCOUNTING PRONOUNCEMENTS (Tables)

6 Months Ended

Jun. 30, 2018

Accounting Changes and Error Corrections [Abstract]

Schedule of New Accounting Pronouncements and Changes in Accounting Principles [Table Text Block]

The Company recorded a net reduction to opening retained earnings of $10.0 million, net of tax, as of January 1, 2018 due to the cumulative impact of adopting ASC 606, summarized as follows (in thousands): 

	December 31,		Adjustments Due to		January 1,
	2017		ASU 2014-09		2018
Balance Sheet
Assets
Prepaids and other current assets	$	63,668	$	10,797	$	74,465
Deferred tax assets		12,012		4,006		16,018
Liabilities
Deferred revenue	$	21,628		24,785		46,413
Equity
Retained earnings	$	721,664	$	(9,982)	$	711,682

The ASC 606 adjustments pertain to the timing of revenue recognition associated with upfront training fees on certain contracts. Revenues and associated costs for reporting periods beginning after January 1, 2018 are recognized and presented in compliance with the provisions of ASC 606. Consistent with the modified retrospective method of adoption, the Company has not adjusted prior period amounts which continue to be reported in accordance with the Company’s historic revenue accounting policy and principles.

In accordance with the new revenue standard requirements, the disclosure of the impact of adoption on the Company’s consolidated income statement and balance sheet was as follows (in thousands):

	Three Months Ended  June 30, 2018
			Balances
			Without
			Adoption of		Effect of Change
	As reported		ASC 606		Higher/(Lower)
Statements of Comprehensive Income
Revenue	$	349,853	$	347,450	$	2,403
Cost of services		274,260		273,462		798
Provision for income taxes		653		203		450
Net income	$	6,297	$	5,141	$	1,156

	Six Months Ended  June 30, 2018
			Balances
			Without
			Adoption of		Effect of Change
	As reported		ASC 606		Higher/(Lower)
Statements of Comprehensive Income
Revenue	$	725,102	$	710,198	$	14,904
Cost of services		557,630		550,642		6,988
Provision for income taxes		2,755		539		2,216
Net income	$	12,229	$	6,530	$	5,699

	As of June 30, 2018
			Balances
			Without
			Adoption of		Effect of Change
	As reported		ASC 606		Higher/(Lower)
Balance Sheet
Assets
Prepaids and other current assets	$	70,956	$	67,148	$	3,808
Deferred tax assets		17,477		15,641		1,836
Liabilities
Deferred revenue	$	25,132	$	15,251	$	9,881
Equity
Retained earnings	$	712,775	$	721,066	$	(8,291)