Revenue Recognition (Tables)

12 Months Ended

Dec. 31, 2018

Revenue from Contract with Customer [Abstract]

Impact on Face Financials

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

Statement of Operations
	Year Ended December 31, 2017
	As previously reported		Adjustment			As restated
Revenue	$	747,950	$	18,133		$	766,083
Cost of revenue	168,698		18,591			187,289
Gross margin	579,252		(458		)	578,794
Operating income	259,319		(458		)	258,861
Income before income tax expense	266,922		(458		)	266,464
Income tax expense (benefit)	89,744		8			89,752
Net income	$	177,178	$	(466	)	$	176,712
Net income per weighted-average common and common-equivalent share:
Basic	$	1.02	$	—		$	1.02
Diluted	$	0.99	$	(0.01	)	$	0.98

Statement of Operations
	Year Ended December 31, 2016
	As previously reported		Adjustment			As restated
Revenue	$	520,753	$	8,762		$	529,515
Cost of revenue	115,590		15,480			131,070
Gross margin	405,163		(6,718		)	398,445
Operating income	160,784		(6,718		)	154,066
Income before income tax expense	168,795		(6,718		)	162,077
Income tax expense (benefit)	18,968		(840		)	18,128
Net income	$	149,572	$	(5,878	)	$	143,694
Net income per weighted-average common and common-equivalent share:
Basic	$	0.88	$	(0.04	)	$	0.84
Diluted	$	0.86	$	(0.03	)	$	0.83

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

Statement of Shareholders' Equity
	December 31, 2016
	As previously reported		Adjustment		As restated
Retained Earnings	$	643,836	$	786	$	644,622

Statement of Shareholders' Equity
	December 31, 2015
	As previously reported		Adjustment		As restated
Retained Earnings	$	566,622	$	6,664	$	573,286

Disaggregation of Revenue

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

	Year Ended December 31,
	2018		2017		2016
Americas	$	267,043	$	214,338	162,359
Europe	307,965		328,826		230,311
Greater China	126,109		108,738		66,179
Other Asia	105,221		114,181		70,666
	$	806,338	$	766,083	$	529,515

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

	Year Ended December 31,
	2018		2017		2016
Standard products and services	$	654,509	$	603,196	$	413,425
Application-specific customer solutions	151,829		162,887		116,090
	$	806,338	$	766,083	$	529,515

Contract with Customer, Liability

The following table summarizes the deferred revenue and customer deposits activity (in thousands):

	Amount
Balance as of December 31, 2016	$	7,078
Increases to deferred revenue and customer deposits	24,985
Recognition of revenue	(23,195		)
Foreign exchange rate changes	552
Balance as of December 31, 2017	$	9,420
Increases to deferred revenue and customer deposits	63,231
Recognition of revenue	(61,819		)
Foreign exchange rate changes	(987		)
Balance as of December 31, 2018	$	9,845