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Revenue Recognition (Tables) - Accounting Standards Update 2014-09
 6 Months Ended
Jun. 30, 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 at

December 31,

2017

 

 

Adjustments Due

to ASC 606

 

 

Balance at

January 1, 2018

 

BALANCE SHEET

 

 

 

 

 

 

 

 

 

 

 

 

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):

 

 

 

June 30, 2018

 

 

 

As Reported

 

 

Balances

Without Adoption

of ASC 606

 

 

Effect of

Change

Higher/(Lower)

 

BALANCE SHEET

 

 

 

 

 

 

 

 

 

 

 

 

ASSETS

 

 

 

 

 

 

 

 

 

 

 

 

Accounts receivable, net

 

$

33,064

 

 

$

32,855

 

 

$

209

 

LIABILITIES AND STOCKHOLDERS’ EQUITY

 

 

 

 

 

 

 

 

 

 

 

 

Deferred revenue (short and long term)

 

 

82,463

 

 

 

82,463

 

 

 

—

 

Other current liabilities

 

 

791

 

 

 

582

 

 

 

209

 

Accumulated deficit

 

 

(129,415

)

 

 

(138,303

)

 

 

8,888

 

 

 

 

For the Three Months Ended June 30, 2018

 

 

 

As Reported

 

 

Activity Without Adoption of

ASC 606

 

 

Effect of

Change Higher/(Lower)

 

STATEMENT OF OPERATIONS

 

 

 

 

 

 

 

 

 

 

 

 

Revenue

 

$

35,822

 

 

$

35,822

 

 

$

—

 

Net loss

 

 

(16,918

)

 

 

(17,143

)

 

 

225

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the Six Months Ended June 30, 2018

 

 

 

As Reported

 

 

Activity Without Adoption of

ASC 606

 

 

Effect of

Change Higher/(Lower)

 

STATEMENT OF OPERATIONS

 

 

 

 

 

 

 

 

 

 

 

 

Revenue

 

$

66,341

 

 

$

66,341

 

 

$

—

 

Net loss

 

 

(29,260

)

 

 

(29,469

)

 

 

209

 

 
Summary of Disaggregates Revenue

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

 

 

 

For the Six Months Ended June 30, 2018

 

Primary Geographic Markets

 

Total

 

United States

 

$

59,891

 

International

 

 

6,450

 

Total

 

$

66,341

 

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

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

 

 

2018

 

 

2017(1)

 

 

2018

 

 

2017(1)

 

Subscription services

 

$

33,804

 

 

$

23,937

 

 

$

62,329

 

 

$

46,011

 

Professional services

 

 

2,018

 

 

 

1,084

 

 

 

4,012

 

 

 

1,854

 

Total revenues

 

$

35,822

 

 

$

25,021

 

 

$

66,341

 

 

$

47,865

 

 

(1)

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