The cumulative effect of the changes made to the Condensed Consolidated Balance Sheet at January 1, 2018 was as follows:



(In thousands)	Balance at December 31, 2017			Impact of Adoption			Balance at January 1, 2018
ASSETS
Current assets:
Trade accounts receivable, net	$	288,034		$	532		$	288,566
Inventories	178,293			(59,793		)	118,500
Current portion of contract assets	—			18,248			18,248
Other current assets	39,332			179			39,511
Total current assets	592,092			(40,834		)	551,258
Contract assets	—			3,566			3,566
Other assets	15,263			1,337			16,600
Total assets	1,578,685			(35,931		)	1,542,754
LIABILITIES
Current liabilities:
Current portion of advances on contracts	117,958			(78,507		)	39,451
Other current liabilities	133,368			13,995			147,363
Total current liabilities	474,128			(64,512		)	409,616
Advances on contracts	—			24,564			24,564
Other liabilities	40,846			1,580			42,426
Total liabilities	1,363,520			(38,368		)	1,325,152
HARSCO CORPORATION STOCKHOLDERS' EQUITY
Accumulated other comprehensive loss	(546,582		)	(1,520		)	(548,102		)
Retained earnings	1,157,801			3,957			1,161,758
Total Harsco Corporation stockholders' equity	170,451			2,437			172,888
Total equity	215,165			2,437			217,602
Total liabilities and equity	1,578,685			(35,931		)	1,542,754

The impact of modifying the Company's Condensed Consolidated Balance Sheet at March 31, 2018 and the Condensed Consolidated Statements of Operations and Condensed Consolidated Statements of Cash Flows for the three months ended March 31, 2018 are as follows:



	March 31, 2018
(In thousands)	As Reported			Impact of Adoption			As Reported - Less Impact of Adoption
ASSETS
Current assets:
Trade accounts receivable, net	$	292,966		$	(668	)	$	292,298
Inventories	132,352			71,195			203,547
Current portion of contract assets	23,871			(23,871		)	—
Other current assets	41,227			(177		)	41,050
Total current assets	582,756			46,479			629,235
Contract assets	3,566			(3,566		)	—
Deferred income tax assets	49,900			947			50,847
Other assets	19,100			(1,285		)	17,815
Total assets	1,582,621			42,575			1,625,196
LIABILITIES
Current liabilities:
Current portion of advances on contracts	38,147			78,809			116,956
Other current liabilities	145,501			(11,801		)	133,700
Total current liabilities	389,657			67,008			456,665
Advances on contracts	21,837			(21,837		)	—
Other liabilities	41,176			(381		)	40,795
Total liabilities	1,336,276			44,790			1,381,066
HARSCO CORPORATION STOCKHOLDERS' EQUITY
Accumulated other comprehensive loss	(543,217		)	1,827			(541,390		)
Retained earnings	1,179,516			(4,042		)	1,175,474
Total Harsco Corporation stockholders' equity	198,107			(2,215		)	195,892
Total equity	246,345			(2,215		)	244,130
Total liabilities and equity	1,582,621			42,575			1,625,196



	Three Months Ended
	March 31, 2018
(In thousands, except per share amounts)	As Reported			Impact of Adoption			As Reported - Less Impact of Adoption
Revenues from continuing operations:
Services revenues	$	254,962		$	1,350		$	256,312
Product revenues	153,076			(10,452		)	142,624
Total revenues	408,038			(9,102		)	398,936
Costs and expenses from continuing operations:
Costs of services sold	199,373			1,358			200,731
Costs of products sold	111,980			(9,930		)	102,050
Selling, general and administrative costs	57,083			16			57,099
Total costs and expenses	371,497			(8,556		)	362,941
Operating income from continuing operations	36,541			(546		)	35,995
Interest expense	(9,583		)	452			(9,131		)
Income from continuing operations before income taxes	28,295			(94		)	28,201
Income tax expense	(8,266		)	(8		)	(8,274		)
Income from continuing operations	20,029			(102		)	19,927
Net income	19,577			(102		)	19,475
Amounts attributable to Harsco Corporation common stockholders:
Income from continuing operations, net of tax	18,260			(102		)	18,158
Net income attributable to Harsco Corporation common stockholders	17,808			(102		)	17,706
Basic earnings per share attributable to Harsco Corporation common stockholders:
Continuing operations	0.23			—			0.23
Basic earnings per share attributable to Harsco Corporation common stockholders	0.22			—			0.22
Diluted earnings per share attributable to Harsco Corporation common stockholders:
Continuing operations	0.22			—			0.22
Diluted earnings per share attributable to Harsco Corporation common stockholders	0.21			—			0.21



	Three Months Ended March 31, 2018
(In thousands)	As Reported			Impact of Adoption			As Reported - Less Impact of Adoption
Cash flows from operating activities:
Net income	$	19,577		$	(102	)	$	19,475
Adjustments to reconcile net income to net cash used by operating activities:
Deferred income tax expense (benefit)	4,635			8			4,643
Changes in assets and liabilities:
Accounts receivable	(4,848		)	136			(4,712		)
Inventories	(11,490		)	(11,402		)	(22,892		)
Contract assets	(5,698		)	5,698			—
Advances on contracts	(7,348		)	3,028			(4,320		)
Other assets and liabilities	(7,375		)	2,634			(4,741		)
Net cash used by operating activities	(8,243		)	—			(8,243		)