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Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 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)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year ended December 31,

 

 

2017

 

2016

 

    

As reported

    

Adjustments

    

As adjusted

    

As reported

    

Adjustments

    

As adjusted

 

(in thousands, except per share amounts)

Statement of Operations

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net sales

 

$

484,756

 

$

(9,070)

 

$

475,686

 

$

332,451

 

$

(749)

 

$

331,702

Cost of sales

 

 

300,438

 

 

(980)

 

 

299,458

 

 

199,593

 

 

(989)

 

 

198,604

Income tax expense (benefit)

 

 

(36,107)

 

 

(1,487)

 

 

(37,594)

 

 

2,766

 

 

57

 

 

2,823

Net income (loss)

 

 

(44,793)

 

 

(6,603)

 

 

(51,396)

 

 

(122,210)

 

 

183

 

 

(122,027)

Diluted earnings (loss) per share

 

 

(1.01)

 

 

(0.15)

 

 

(1.16)

 

 

(3.11)

 

 

0.01

 

 

(3.10)