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Revenue Recognition (Tables)
3 Months Ended 6 Months Ended
Sep. 30, 2018
Sep. 30, 2018
Revenue from Contract with Customer [Abstract]    
Schedule of New Accounting Pronouncements and Changes in Accounting Principles
The impact of adoption of Topic 606 on our condensed consolidated balance sheet as of September 30, 2018 and on our condensed consolidated statement of operations for the three and six months ended September 30, 2018 was as follows:

 
September 30, 2018
 
As reported
Balance without adoption of Topic 606
Effect of Change Higher (Lower)
(In thousands)
Assets:
 
 
 
Accounts receivable, net
18,963

18,312

651

Contract assets
4,696


4,696

Prepaid expenses and other current assets
5,089

5,532

(443
)
Other non-current assets
4,699

2,183

2,516

 
 
 
 
Liabilities:
 
 
 
  Contract liabilities
25,789

21,120

4,669

 
 
 
 
Shareholders' equity:
 
 
 
Retained earnings
100,687

97,936

2,751


 
Three months ended September 30, 2018
 
As reported
Balance without adoption of Topic 606
Effect of Change Higher (Lower)
(In thousands)
Net revenue:
 
 
 
Products
8,769

8,391

378

Support, maintenance and subscription services
18,856

19,007

(151
)
Professional services
6,578

6,727

(149
)
         Total net revenue:
34,203

34,125

78

 
 
 
 
Operating expenses:
 
 
 
Sales and marketing
4,393

4,536

(143
)
 
 
 
 
Net Loss
(3,791
)
(4,012
)
221

As a result of applying the modified retrospective method to adopt the new standard, the following adjustments were made to noted accounts on the condensed consolidated balance sheet as of April 1, 2018:

(In thousands)
March 31, 2018
Adjustment from Topic 606
April 1, 2018
Assets:
 
 
 
Accounts receivable, net
16,389

3,124

19,513

Contract assets

4,583

4,583

Prepaid expenses and other current assets
5,593

(496
)
5,097

Other non-current assets
2,484

2,409

4,893

 
 
 
 
Liabilities:
 
 
 
  Contract liabilities
26,820

7,006

33,826

 
 
 
 
Shareholders' equity:
 
 
 
Retained earnings
103,601

2,614

106,215

 
Six months ended September 30, 2018
 
As reported
Balance without adoption of Topic 606
Effect of Change Higher (Lower)
(In thousands)
Net revenue:
 
 
 
Products
17,849

17,093

756

Support, maintenance and subscription services
36,785

37,194

(409
)
Professional services
13,576

13,894

(318
)
         Total net revenue:
68,210

68,181

29

 
 
 
 
Operating expenses:
 
 
 
Sales and marketing
9,146

9,254

(108
)
 
 
 
 
Net Loss
(5,528
)
(5,665
)
137