The cumulative effect of the changes made to our Consolidated Balance Sheet as of January 1, 2018 for the adoption of ASC 606 was as follows:



(in thousands)		Dec 31, 2017		Adjustments Due to ASC 606			Jan 1, 2018 Under ASC 606
Assets
	Accounts receivable	$	476,903	$	(163,963	)	$	312,940
	Contract assets	—		171,956			171,956
	Total accounts receivable	476,903		7,993			484,896
	Inventory	215,282		(34,187		)	181,095
Liabilities
	Accrued liabilities	350,258		(63,045		)	287,213
	Contract liabilities	—		37,590			37,590
	Total accrued liabilities	350,258		(25,455		)	324,803
	Other long-term liabilities	131,323		(202		)	131,121
Equity
	Retained earnings	2,417,412		(537		)	2,416,875

In accordance with the ASC 606 requirements, the impact of adoption on carryover contracts on our Consolidated Statement of Operations and Consolidated Balance Sheet was as follows:

Consolidated Statement of Operations



	Nine Months Ended Sep 30, 2018
(in thousands)	As Reported Under ASC 606			Effect of Change			Balances Without Adoption of ASC 606
Revenue	$	1,414,387		$	12,552		$	1,426,939
Cost of services and products	1,318,196			14,042			1,332,238
Provision (benefit) for income taxes	70,317			(212		)	70,105
Net income (loss)	(148,188		)	(1,278		)	(149,466		)

Consolidated Balance Sheet



		Sep 30, 2018
(in thousands)		As Reported Under ASC 606		Effect of Change			Balances Without Adoption of ASC 606
Assets
	Accounts receivable	$	345,803	$	—		$	345,803
	Unbilled accounts receivable	—		221,657			221,657
	Contract assets	233,402		(233,402		)	—
	Total accounts receivable	579,205		(11,745		)	567,460
	Inventory	189,119		19,359			208,478
Liabilities
	Accrued liabilities	338,272		(321		)	337,951
	Contract liabilities	26,286		8,683			34,969
	Total accrued liabilities	364,558		8,362			372,920
	Other long-term liabilities	163,722		(10		)	163,712
Equity
	Retained earnings	2,268,687		(741		)	2,267,946