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Basis of Presentation (Tables)
6 Months Ended
Jun. 30, 2018
Change in Accounting Principle  
Summary of impact on adoption of accounting standards on previously reported financial position and results

 

 

 

December 31, 2017

 

 

 

as reported

 

Adjustments

 

as adjusted

 

 

 

(in thousands)

 

Balance Sheet

 

 

 

 

 

 

 

Contract assets

 

 

160

 

160

 

Deferred cost of sales

 

16,060

 

(66

)

15,994

 

Deferred income taxes

 

2,953

 

94

 

3,047

 

Accrued expenses and other current liabilities

 

60,339

 

(2,271

)

58,068

 

Customer deposits and deferred revenue

 

108,953

 

3,079

 

112,032

 

Additional paid-in capital

 

1,053,079

 

(1,126

)

1,051,953

 

Accumulated deficit

 

(213,376

)

506

 

(212,870

)

 

 

 

Three months ended June 30, 2017

 

Six months ended June 30, 2017

 

 

 

As reported

 

Adjustments

 

As adjusted

 

As reported

 

Adjustments

 

As adjusted

 

 

 

(in thousands, except per share amounts)

 

Statement of Operations

 

 

 

 

 

 

 

 

 

 

 

 

 

Net sales

 

$

115,066

 

$

(2,848

)

$

112,218

 

$

209,452

 

$

(2,735

)

$

206,717

 

Cost of sales

 

76,346

 

25

 

76,371

 

136,533

 

(162

)

136,371

 

Income tax expense (benefit)

 

(12,897

)

(444

)

(13,341

)

(23,179

)

(689

)

(23,868

)

Net income (loss)

 

(18,388

)

(2,429

)

(20,817

)

(17,293

)

1,884

 

(19,177

)

Diluted earnings (loss) per

 

(0.43

)

(0.06

)

(0.49

)

(0.42

)

(0.05

)

(0.47

)