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Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2018
Accounting Policies [Abstract]  
Schedule of adjustments from adoption of ASC 606
The adoption of ASC 606 had the following impacts on the Company’s Consolidated Balance Sheet:

 
Balance at December 31, 2017
 
Adjustments from adoption of ASC 606
 
Balance at January 1, 2018
 
(In thousands)
Consolidated Balance Sheet
 
 
 
 
 
Deferred revenue and student deposits
$
19,374

 
$
379

 
$
19,753

Deferred income taxes
6,281

 
(101
)
 
6,180

Retained earnings
$
108,569

 
$
(278
)
 
$
108,291


In accordance with the new revenue standard’s requirements, the impact of adoption on the Company’s Consolidated Balance Sheet at December 31, 2018 and its Consolidated Statement of Income of the twelve months ended December 31, 2018 were as follows:
 
As of December 31, 2018
 
As Reported
 
Adjustment
 
Balance without adoption
Consolidated Balance Sheet
(In thousands)
Deferred revenue and student deposits
$
18,310

 
$
(390
)
 
$
17,920

Deferred income taxes
5,364

 
103

 
5,467

Retained earnings
$
133,930

 
$
287

 
$
134,217



 
Twelve Months Ended December 31, 2018
 
As Reported
 
Adjustment
 
Balance without adoption
Consolidated Statement of Income
(In thousands)
Revenue
$
297,687

 
$
11

 
$
297,698

Income tax expense
$
9,287

 
$
3

 
$
9,290