Recently Adopted and Issued Accounting Guidance Recently Adopted and Issued Accounting Guidance (Tables)

3 Months Ended

Mar. 31, 2018

Accounting Changes and Error Corrections [Abstract]

Summary of Adoption of New Accounting Pronouncements

Select condensed consolidated balance sheet line items, which reflect the adoption of ASC 606, are as follows (in thousands):

	December 31, 2017
	As Reported		Impact of Adoption			As Adjusted
Other current assets	$	4,241	$	912		$	5,153
Other assets	689		202			891
Total Assets	$	343,340	$	1,114		$	344,454
Accrued expenses and other liabilities	$	6,144	$	1,406		$	7,550
Long-term pharma contract liability	—		283			283
Deferred income tax liability, net	6,307		381			6,688
Stockholders' Equity	172,918		(956		)	171,962
Total Liabilities and Stockholders' Equity	$	343,340	$	1,114		$	344,454

Select unaudited condensed consolidated statement of operations line items, which reflect the adoption of ASC 606, are as follows (in thousands):

	For the Three Months Ended March 31, 2017
	As Reported			Impact of Adoption			As Adjusted
Net Revenue
Clinical Testing	$	56,690		$	(3,783	)	$	52,907
Pharma Services	4,986			(465		)	4,521
Total Revenue	$	61,676		$	(4,248	)	$	57,428
Gross Profit	$	27,196		$	(4,248	)	$	22,948
Total operating expenses	$	27,311		$	(3,783	)	$	23,528
Loss from Operations	(115		)	(465		)	(580		)
Interest expense	1,364			—			1,364
Income tax (benefit) expense	(825		)	46			(779		)
Net Loss	$	(654	)	$	(511	)	(1,165		)