Revenue Recognition (Tables)

3 Months Ended

Apr. 01, 2018

The adoption of the standard impacted our previously-reported results as follows (in thousands):



Statement of Operations
	Three-months ended
	April 2, 2017
	As previously reported			Adjustment			As restated
Revenue	$	134,942		$	4,097		$	139,039
Cost of revenue	28,225			4,307			32,532
Gross margin	106,717			(210		)	106,507
Operating income	37,426			(210		)	37,216
Income before income tax expense	39,445			(210		)	39,235
Income tax expense (benefit)	(6,210		)	(26		)	(6,236		)
Net income	$	45,655		$	(184	)	$	45,471

Net income per weighted-average common and common-equivalend share:
Basic	$	0.26		$	—		$	0.26
Diluted	$	0.26		$	(0.01	)	$	0.25



Balance Sheet
	December 31, 2017
	As previously reported		Adjustment			As restated
Prepaid expenses and other current assets	$	30,800	$	(117	)	$	30,683
Accrued income taxes	11,391		112			11,503
Deferred revenue and customer deposits	9,969		(549		)	9,420
Retained earnings	668,267		320			668,587

The following table summarizes disaggregated revenue information by geographic area based upon the customer's country of domicile (in thousands):

The following table summarizes disaggregated revenue information by revenue type (in thousands):



	Three-months ended
	April 1, 2018		April 2, 2017
Standard products and services	$	158,399	$	133,017
Application-specific customer solutions	11,168		6,022
	$	169,567	$	139,039

The following table summarizes the deferred revenue and customer deposits activity for the three-month period ended April 1, 2018 (in thousands):



	Amount
Balance as of December 31, 2017	$	9,420
Increases to deferred revenue and customer deposits	11,751
Recognition of revenue	(5,875		)
Foreign exchange rate changes	208
Balance as of April 1, 2018	$	15,504