Schedule of Prospective Adoption of New Accounting Pronouncements [Table Text Block] |
Impacts on financial statements The following tables summarize the impacts of ASC 606 adoption on the Company's condensed consolidated financial statements for the quarter ended September 30, 2018. Consolidated Balance Sheet | | | | | | | | | | | | | | As reported | | Adjustments | | Balances without adoption of ASC 606 | | (In thousands) | Cash and cash equivalents | $ | 149,513 |
| | $ | — |
| | $ | 149,513 |
| Accounts receivable, net | 551,385 |
| | (11,554 | ) | | 539,831 |
| Inventories | 354,244 |
| | 7,451 |
| | 361,695 |
| Other current assets | 110,353 |
| | (522 | ) | | 109,831 |
| Property, plant and equipment, net | 317,049 |
| | — |
| | 317,049 |
| Intangible assets, net | 1,223,775 |
| | — |
| | 1,223,775 |
| Goodwill | 2,920,689 |
| | — |
| | 2,920,689 |
| Other assets, net | 235,347 |
| | — |
| | 235,347 |
| Total assets | $ | 5,862,355 |
| | $ | (4,625 | ) | | $ | 5,857,730 |
| Current portion of long-term debt | $ | 20,072 |
| | $ | — |
| | $ | 20,072 |
| Accounts payable | 180,693 |
| | — |
| | 180,693 |
| Accrued restructuring and contract termination charges | 8,079 |
| | — |
| | 8,079 |
| Accrued expenses and other current liabilities | 475,743 |
| | 18,912 |
| | 494,655 |
| Current liabilities of discontinued operations | 2,165 |
| | — |
| | 2,165 |
| Long-term debt | 1,882,502 |
| | — |
| | 1,882,502 |
| Long-term liabilities | 720,632 |
| | — |
| | 720,632 |
| Total liabilities | 3,289,886 |
| | 18,912 |
| | 3,308,798 |
| Commitments and contingencies | | | | | | Preferred stock | — |
| | — |
| | — |
| Common stock | 111,087 |
| | — |
| | 111,087 |
| Capital in excess of par value | 89,970 |
| | — |
| | 89,970 |
| Retained earnings | 2,532,060 |
| | (23,537 | ) | | 2,508,523 |
| Accumulated other comprehensive loss | (160,648 | ) | | — |
| | (160,648 | ) | Total stockholders’ equity | 2,572,469 |
| | (23,537 | ) | | 2,548,932 |
| Total liabilities and stockholders’ equity | $ | 5,862,355 |
| | $ | (4,625 | ) | | $ | 5,857,730 |
|
Consolidated Statement of Operations | | | | | | | | | | | | | | Three Months Ended | | September 30, 2018 | | As reported | | Adjustments | | Balances without adoption of ASC 606 | | (In thousands) | Product revenue | $ | 474,523 |
| | $ | (3,198 | ) | | $ | 471,325 |
| Service revenue | 199,790 |
| | — |
| | 199,790 |
| Total revenue | 674,313 |
| | (3,198 | ) | | 671,115 |
| Cost of product revenue | 213,672 |
| | (98 | ) | | 213,574 |
| Cost of service revenue | 128,314 |
| | — |
| | 128,314 |
| Total cost of revenue | 341,986 |
| | (98 | ) | | 341,888 |
| Selling, general and administrative expenses | 196,769 |
| | 47 |
| | 196,816 |
| Research and development expenses | 48,848 |
| | — |
| | 48,848 |
| Restructuring and contract termination charges, net | 6,508 |
| | — |
| | 6,508 |
| Operating income from continuing operations | 80,202 |
| | (3,147 | ) | | 77,055 |
| Interest and other expense, net | 2,161 |
| | — |
| | 2,161 |
| Income from continuing operations before income taxes | 78,041 |
| | (3,147 | ) | | 74,894 |
| Provision for income taxes | 2,596 |
| | (814 | ) | | 1,782 |
| Income from continuing operations | 75,445 |
| | (2,333 | ) | | 73,112 |
| Loss on disposition of discontinued operations before income taxes | (308 | ) | | — |
| | (308 | ) | Benefit from income taxes on discontinued operations and dispositions | (1,411 | ) | | — |
| | (1,411 | ) | Gain from discontinued operations and dispositions | 1,103 |
| | — |
| | 1,103 |
| Net income | $ | 76,548 |
| | $ | (2,333 | ) | | $ | 74,215 |
|
Consolidated Statement of Operations | | | | | | | | | | | | | | Nine Months Ended | | September 30, 2018 | | As reported | | Adjustments | | Balances without adoption of ASC 606 | | (In thousands) | Product revenue | $ | 1,417,739 |
| | $ | (25,562 | ) | | $ | 1,392,177 |
| Service revenue | 603,908 |
| | — |
| | 603,908 |
| Total revenue | 2,021,647 |
| | (25,562 | ) | | 1,996,085 |
| Cost of product revenue | 663,651 |
| | (7,780 | ) | | 655,871 |
| Cost of service revenue | 393,307 |
| | — |
| | 393,307 |
| Total cost of revenue | 1,056,958 |
| | (7,780 | ) | | 1,049,178 |
| Selling, general and administrative expenses | 601,374 |
| | 300 |
| | 601,674 |
| Research and development expenses | 142,028 |
| | — |
| | 142,028 |
| Restructuring and contract termination charges, net | 13,086 |
| | — |
| | 13,086 |
| Operating income from continuing operations | 208,201 |
| | (18,082 | ) | | 190,119 |
| Interest and other expense, net | 29,947 |
| | — |
| | 29,947 |
| Income from continuing operations before income taxes | 178,254 |
| | (18,082 | ) | | 160,172 |
| Provision for income taxes | 12,101 |
| | (4,753 | ) | | 7,348 |
| Income from continuing operations | 166,153 |
| | (13,329 | ) | | 152,824 |
| Loss on disposition of discontinued operations before income taxes | (859 | ) | | — |
| | (859 | ) | Benefit from income taxes on discontinued operations and dispositions | (1,341 | ) | | — |
| | (1,341 | ) | Gain from discontinued operations and dispositions | 482 |
| | — |
| | 482 |
| Net income | $ | 166,635 |
| | $ | (13,329 | ) | | $ | 153,306 |
|
The adoption of ASC 606 increased comprehensive income by $2.3 million and $13.3 million in the Company's condensed consolidated statement of comprehensive income for the three and nine months ended September 30, 2018, respectively. The adoption of ASC 606 had no impact on cash from or used in operating, investing, or financing activities in the Company's condensed consolidated statement of cash flows as of and for the nine months ended September 30, 2018
|