Revenue Recognition (Tables) - Accounting Standards Update 2014-09

3 Months Ended

Mar. 31, 2018

Disaggregation Of Revenue [Line Items]

Impact of Adoption of New Accounting Standard on Financial Statements

The cumulative effect of the changes made to the Company’s consolidated January 1, 2018 balance sheet for the adoption of the new revenue standard was as follows (in thousands):

BALANCE SHEET	Balance at December 31, 2017			Adjustments Due to ASC 606		Balance at January 1, 2018
ASSETS
Accounts receivable, net	$	31,699		$	100	$	31,799
Deferred Cost		2,429			2,132		4,551
Deferred Cost (non-current)		—			6,965		6,965
LIABILITIES AND STOCKHOLDERS’ EQUITY
Other current liabilities	$	808		$	100	$	908
Deferred revenue		73,072			—		73,072
Accumulated deficit		(109,252	)		9,097		(100,155	)

The impact of the adoption of the new revenue standard on the Company’s consolidated balance Sheet and consolidated statement of operations was as follows (in thousands):

	March 31, 2018
	As Reported			Balances Without Adoption of ASC 606			Effect of Change Higher/(Lower)
BALANCE SHEET
ASSETS
Accounts receivable, net	$	22,393		$	22,315		$	78
LIABILITIES AND STOCKHOLDERS’ EQUITY
Deferred revenue		71,000			71,000			—
Other current liabilities		1,331			1,253			78
Accumulated deficit		(112,497	)		(121,578	)		9,081

	For the Three Months Ended March 31, 2018
	As Reported			Activity Without Adoption of ASC 606			Effect of Change Higher/(Lower)
STATEMENT OF OPERATIONS
Revenue	$	30,519		$	30,519		$	—
Net loss		(12,342	)		(12,326	)		(16	)

Summary of Disaggregates Revenue

The following table disaggregates the Company’s revenue by business segment by geography which provides information as to the major source of revenue (in thousands).

	For the Three Months Ended March 31, 2018
Primary Geographic Markets	Total
North America	$	27,483
International		3,036
Total	$	30,519

The following table presents the Company’s revenues disaggregated by revenue source (in thousands, unaudited).

	Three Months Ended
	March 31,
	2018		2017(1)
Subscription services	$	28,525	$	22,075
Professional services		1,994		769
Total revenues	$	30,519	$	22,844

⁽¹⁾ As noted above, prior period amounts have not been adjusted under the modified retrospective method.