XML 36 R25.htm IDEA: XBRL DOCUMENT v3.10.0.1
Nature of Business and Basis of Presentation (Tables)
 6 Months Ended
Jun. 30, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of newly-adopted accounting pronouncements
The following table details the changes to the consolidated balance sheet as of December 31, 2017 as a result of the retrospective adoption of the new revenue recognition standard (in thousands):

 
As Previously Reported
 
Revenue Recognition Standard Adjustments
 
As Revised
ASSETS
 
 
 
 
 
Current assets:
 
 
 
 
 
Accounts receivable
$
459,127

 
$
2,330

 
$
461,457

Prepaid expenses and other current assets
137,809

 
35,044

 
172,853

Total current assets
1,308,872

 
37,374

 
1,346,246

Deferred income tax assets
51,069

 
(14,838
)
 
36,231

Other assets
112,829

 
23,536

 
136,365

Total assets
4,602,844

 
46,072

 
4,648,916

LIABILITIES AND STOCKHOLDERS' EQUITY
 
 
 
 
 
Current liabilities:
 
 
 
 
 
Deferred revenue
$
77,705

 
$
(7,210
)
 
$
70,495

Total current liabilities
463,904

 
(7,210
)
 
456,694

Deferred revenue
6,839

 
(777
)
 
6,062

Deferred income tax liabilities
15,510

 
2,313

 
17,823

Total liabilities
1,292,121

 
(5,674
)
 
1,286,447

Stockholders' equity:
 
 


 
 
Accumulated deficit
(742,408
)
 
51,746

 
(690,662
)
Total stockholders' equity
3,310,723

 
51,746

 
3,362,469

Total liabilities and stockholders' equity
4,602,844

 
46,072

 
4,648,916


The following table details the changes to the consolidated statements of income for the three and six months ended June 30, 2017 as a result of the retrospective adoption of the new revenue recognition standard (in thousands, except per share data):

 
For the Three Months Ended
 
For the Six Months Ended
 
June 30, 2017
 
June 30, 2017
 
As Previously Reported
 
Revenue Recognition Standard Adjustments
 
As Revised
 
As Previously Reported
 
Revenue Recognition Standard Adjustments
 
As Revised
Revenue
$
608,908

 
$
(3,076
)
 
$
605,832

 
$
1,218,145

 
$
(12,020
)
 
$
1,206,125

Costs and operating expenses:
 
 


 
 
 
 
 
 
 
 
Cost of revenue (exclusive of amortization of acquired intangible assets)
214,650

 
30

 
214,680

 
420,353

 
54

 
420,407

Sales and marketing
119,432

 
(1,488
)
 
117,944

 
232,998

 
(562
)
 
232,436

Total costs and operating expenses
521,697

 
(1,458
)
 
520,239

 
1,015,706

 
(508
)
 
1,015,198

Income from operations
87,211

 
(1,618
)
 
85,593

 
202,439

 
(11,512
)
 
190,927

Income before provision for income taxes
87,409

 
(1,618
)
 
85,791

 
201,980

 
(11,512
)
 
190,468

Provision for income taxes
29,637

 
(598
)
 
29,039

 
63,278

 
(4,145
)
 
59,133

Net income
57,772

 
(1,020
)
 
56,752

 
138,702

 
(7,367
)
 
131,335

Net income per share:
 
 


 
 
 
 
 
 
 
 
Basic
$
0.33

 
$
—

 
$
0.33

 
$
0.80

 
$
(0.04
)
 
$
0.76

Diluted
$
0.33

 
$
—

 
$
0.33

 
$
0.80

 
$
(0.05
)
 
$
0.75

The statements of comprehensive income for the three and six months ended June 30, 2017 was also impacted by the adjustments to net income of $1.0 million and $7.4 million, respectively.

The following table details the changes to the consolidated statement of cash flows for the six months ended June 30, 2017 as a result of the retrospective adoption of the new revenue recognition and statement of cash flow standards (in thousands):

 
As Previously Reported
 
Revenue Recognition Standard Adjustments
 
Cash Flow Standard Adjustments
 
As Revised
Cash flows from operating activities:
 
 


 
 
 
 
Net income
$
138,702

 
$
(7,367
)
 
$
—

 
$
131,335

Adjustments to reconcile net income to net cash provided by operating activities:
 
 


 
 
 
 
Provision for deferred income taxes
39,368

 
(4,145
)
 
—

 
35,223

Changes in operating assets and liabilities, net of effects of acquisitions:
 
 


 
 
 
 
Accounts receivable
(17,873
)
 
13,608

 
—

 
(4,265
)
Prepaid expenses and other current assets
(50,108
)
 
(1,116
)
 
—

 
(51,224
)
Deferred revenue
10,406

 
(595
)
 
—

 
9,811

Other non-current assets and liabilities
(8,450
)
 
(385
)
 
—

 
(8,835
)
Net cash provided by operating activities
367,251

 
—

 
—

 
367,251

Cash flows from investing activities:
 
 
 
 
 
 
 
Other non-current assets and liabilities
(1,249
)
 
—

 
106

 
(1,143
)
Net cash used in investing activities
(154,739
)
 
—

 
106

 
(154,633
)
Effects of exchange rate changes on cash, cash equivalents and restricted cash
10,189

 
—

 
63

 
10,252

Net increase in cash, and cash equivalents and restricted cash
28,332

 
—

 
169

 
28,501

Cash, cash equivalents and restricted cash at beginning of period
324,169

 
—

 
457

 
324,626

Cash, cash equivalents and restricted cash at end of period
352,501

 
—

 
626

 
353,127