Revenues (Tables)

6 Months Ended

Jun. 30, 2018

Revenue, Initial Application Period Cumulative Effect Transition [Line Items]

Recent Accounting Pronouncements

The cumulative effect of the changes made to our consolidated balance sheet as of January 1, 2018 for the adoption of Topic 606 is as follows (in thousands):

	January 1, 2018		Adjustments due to ASU 2014-09			December 31, 2017
Balance Sheet
Assets
Accounts receivable, net	$	234,195	$	—		$	234,195
Liabilities
Deferred revenue, current	93,656		(1,599		)	95,255
Deferred revenue, non-current	47		—			47
Equity
Retained earnings	$	724,661	$	1,599		$	723,062

The following tables summarize the impact of adopting Topic 606 on the Company’s consolidated financial statements (in thousands):

	June 30, 2018
	As Reported		Adjustments			Balances Without Adoption of ASC 606
Balance Sheet
Assets
Accounts receivable, net	$	179,716	$	—		$	179,716
Liabilities
Deferred revenue, current	116,580		(3,220		)	113,360
Deferred revenue, non-current	6,986		—			6,986
Equity
Retained earnings	$	730,725	$	3,220		$	733,945

	Three Months Ended June 30, 2018						Six Months Ended June 30, 2018
	As Reported		Adjustments		Amounts Without Adoption of ASC 606		As Reported		Adjustments		Amounts Without Adoption of ASC 606
Statement of Income
Revenues
Total revenues	$	287,889	$	2,805	$	290,694	$	568,512	$	4,820	$	573,332
Expenses
Total expenses	259,410		—		259,410		521,163		—		521,163
Net income	28,479		2,805		31,284		47,349		4,820		52,169
Diluted EPS impact	$	0.57	$	0.06	$	0.63	$	0.95	$	0.10	$	1.05

Disaggregation of Revenue [Line Items]

Disaggregation of Revenue [Table Text Block]

Revenues from external customers classified by revenue source are as follows (in thousands):

	Three Months Ended June 30,					Six Months Ended June 30,
Digital Media	2018		2017			2018			2017
Advertising	$	106,251	$	107,240		$	207,824		$	199,694
Subscription	31,340		15,242			60,928			30,074
Other (1)	—		5,992			—			11,837
Total Digital Media revenues	$	137,591	$	128,474		$	268,752		$	241,605
Cloud Services
Subscription	$	150,127	$	143,418		$	299,448		$	283,751
Other	170		1,291			333			2,503
Total Cloud Services revenues	$	150,297	$	144,709		$	299,781		$	286,254
Corporate	$	1	$	—		$	3		$	—
Elimination of inter-segment revenues	—		(9		)	(24		)	(16		)
Total Revenues	$	287,889	$	273,174		$	568,512		$	527,843
Timing of revenue recognition
Point in time	$	866	$	4,265		$	1,941		$	8,884
Over time	287,023		268,909			566,571			518,959
Total	$	287,889	$	273,174		$	568,512		$	527,843

⁽¹⁾ In the second quarter of 2018, the Company reclassified the Other revenues associated with its Digital Media segment to Advertising revenue.