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Revenue from Contracts with Customers (Tables)
 3 Months Ended
Mar. 31, 2018
Revenue from Contract with Customer [Abstract]  
Pro Forma Impact on Financial Statements
The pro forma impact on our consolidated financial statements as if they were presented under the prior guidance is as follows:
 
Three months ended March 31, 2018
 
As reported
 
Pro forma
 
Total increase (decrease)
Income Statement
 
 
 
 
 
Total revenue
$
983,182

 
$
970,451

 
$
12,731

Equipment sales
$
155,808

 
$
153,607

 
$
2,201

Software
$
81,616

 
$
70,597

 
$
11,019

Business services
$
386,538

 
$
387,027

 
$
(489
)
 
 
 
 
 
 
Total costs and expenses
$
910,090

 
$
907,747

 
$
2,343

Cost of equipment sales
$
78,751

 
$
76,738

 
$
2,013

Cost of software
$
25,353

 
$
24,071

 
$
1,282

Selling, general and administrative
$
312,108

 
$
313,060

 
$
(952
)
 
 
 
 
 
 
Income before taxes
$
73,092

 
$
62,704

 
$
10,388

Provision for income taxes
$
19,579

 
$
16,931

 
$
2,648

Net income
$
53,513

 
$
45,773

 
$
7,740

 
 
 
 
 
 
Basic earnings per share attributable to common stockholders
$
0.29

 
$
0.25

 
$
0.04

Diluted earnings per share attributable to common stockholders
$
0.28

 
$
0.24

 
$
0.04

 
March 31, 2018
 
As reported
 
Pro forma
 
Total increase (decrease)
Balance Sheet
 
 
 
 
 
Total Assets
$
6,319,618

 
$
6,331,186

 
$
(11,568
)
Accounts receivable, net
$
488,028

 
$
486,327

 
$
1,701

Current income taxes
$
42,274

 
$
42,472

 
$
(198
)
Other current assets and prepayments
$
94,227

 
$
97,909

 
$
(3,682
)
Noncurrent income taxes
$
61,367

 
$
61,571

 
$
(204
)
Other assets
$
531,225

 
$
540,410

 
$
(9,185
)
 
 
 
 
 
 
Total Liabilities
$
6,104,725

 
$
6,115,357

 
$
(10,632
)
Accounts payable and accrued liabilities
$
1,375,166

 
$
1,373,465

 
$
1,701

Current income taxes
$
9,457

 
$
6,034

 
$
3,423

Advance billings
$
292,174

 
$
302,586

 
$
(10,412
)
Deferred taxes on income
$
239,472

 
$
243,843

 
$
(4,371
)
Other noncurrent liabilities
$
499,794

 
$
500,767

 
$
(973
)
 
 
 
 
 
 
Total Stockholder's equity
$
214,893

 
$
215,829

 
$
(936
)
Retained earnings
$
5,235,874

 
$
5,236,690

 
$
(816
)
Accumulated other comprehensive loss
$
(771,995
)
 
$
(771,875
)
 
$
(120
)
Disaggregation of Revenue
The following table disaggregates our revenue by major source:
 
Three months ended March 31, 2018
 
Global Ecommerce
Presort Services
North America Mailing
International Mailing
Software Solutions
Production Mail
Total Revenue from sales and services (ASC 606)
Revenue from leasing transactions and financing
Total Consolidated Revenue
Equipment sales
$
—

$
—

$
17,145

$
13,364

$
—

$
45,435

$
75,944

$
79,864

$
155,808

Supplies
—

—

38,951

21,041

—

5,382

65,374

—

65,374

Software
—

—

—

—

81,616

—

81,616

—

81,616

Rentals
—

—

730

2,167

—

—

2,897

92,383

95,280

Financing
—

—

16,577

2,976

—

—

19,553

60,550

80,103

Support services
—

—

50,744

22,278

—

45,440

118,462

—

118,462

Business services
246,590

134,458

3,803

1,688

—

—

386,539

—

386,539

 
$
246,590

$
134,458

$
127,950

$
63,514

$
81,616

$
96,257

$
750,385

$
232,797

$
983,182

 
 
 
 
 
 
 
 
 
 
Revenue from sales and services (ASC 606)
$
246,590

$
134,458

$
127,950

$
63,514

$
81,616

$
96,257

$
750,385

$
—

$
750,385

Revenue from leasing transactions and financing
—

—

197,480

34,383

—

934

—

232,797

232,797

     Total revenue
$
246,590

$
134,458

$
325,430

$
97,897

$
81,616

$
97,191

$
750,385

$
232,797

$
983,182

 
 
 
 
 
 
 
 
 
 
Timing of revenue recognition (ASC 606)
 
 
 
 
 
 
 
Products/services transferred at a point in time
$
—

$
—

$
56,096

$
34,405

$
26,057

$
50,817

$
167,375

 
 
Products/services transferred over time
246,590

134,458

71,854

29,109

55,559

45,440

583,010

 
 
      Total revenue
$
246,590

$
134,458

$
127,950

$
63,514

$
81,616

$
96,257

$
750,385

 
 
Contract Assets and Advance Billings
Contract Assets and Advance Billings from Contracts with Customers
 
March 31, 2018
 
January 1, 2018 (1)
 
Total increase (decrease)
Contracts assets, current portion
$
4,565

 
$
5,075

 
$
(510
)
Contracts assets, noncurrent portion
$
1,752

 
$
648

 
$
1,104

Advance billings, current portion
$
236,599

 
$
238,707

 
$
(2,108
)
Advance billings, noncurrent portion
$
14,887

 
$
17,874

 
$
(2,987
)
(1) Balances adjusted for the cumulative effect of accounting change
Future Performance Obligations
The transaction prices allocated to future performance obligations will be recognized as follows:
 
Total
 
Remainder of 2018
 
2019
 
2020-2023
North America Mailing(1)
$
269,197

 
$
91,823

 
$
90,473

 
$
86,901

International Mailing(1)
121,695

 
38,663

 
33,801

 
49,231

Production Mail(2)
8,321

 
4,194

 
3,557

 
570

Software Solutions(3)
87,868

 
40,592

 
30,440

 
16,836

Total
$
487,081

 
$
175,272

 
$
158,271

 
$
153,538

(1) Revenue streams bundled with our leasing contracts, primarily maintenance and other services
(2) Noncancellable maintenance contracts for production mail equipment for contract terms greater than 12 months
(3) Multiple-year software maintenance contracts, certain software and data licenses and data updates