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RECENT ACCOUNTING PRONOUNCEMENTS (Tables)
6 Months Ended
Sep. 30, 2018
Accounting Changes and Error Corrections [Abstract]  
Schedule of New Accounting Pronouncements and Changes in Accounting Principles
The cumulative effect of the changes made to the Company's consolidated April 1, 2018 balance sheet for the adoption of Topic 606 was as follows (in thousands):

 
March 31,
2018
 
Adjustments due to Topic 606
(increase/(decrease))
 
April 1,
2018
ASSETS
 
 
 
 
 
Current assets:
 
 
 
 
 
Accounts receivable, net
$
152,888

 
$
14,221

 
$
167,109

Total current assets
899,726

 
14,221

 
913,947

Deferred tax assets
17,950

 
(493
)
 
17,457

Total assets
$
1,076,887

 
$
13,728

 
$
1,090,615

 
 
 
 
 
 
LIABILITIES AND STOCKHOLDERS' EQUITY
 

 
 
 
 

Current liabilities:
 

 
 
 
 

Accrued liabilities
$
80,097

 
$
11,133

 
$
91,230

Total current liabilities
125,514

 
11,133

 
136,647

Total liabilities
723,917

 
11,133

 
735,050

Commitments and contingencies (Note 7)

 
 
 
 
 
Stockholders' equity:
 

 
 
 
 

Retained earnings
299,066

 
2,595

 
301,661

Total stockholders' equity before treasury stock
1,179,397

 
2,595

 
1,181,992

Total stockholders' equity
352,970

 
2,595

 
355,565

Total liabilities and stockholders' equity
$
1,076,887

 
$
13,728

 
$
1,090,615


The following tables summarize the impacts of adopting Topic 606 on the Company’s condensed consolidated balance sheet as of September 30, 2018:
 
September 30, 2018
As Reported
 
Adjustments due to Topic 606
(increase/(decrease))
 
September 30, 2018
Without Adoption of Topic 606
ASSETS
 
 
 
 
 
Current assets:
 
 
 
 
 
Accounts receivable, net
$
354,066

 
$
(90,906
)
 
$
263,160

Other current assets
57,584

 
(206
)
 
57,378

Total current assets
874,349

 
(91,112
)
 
783,237

Other assets
24,647

 
(747
)
 
23,900

Total assets
$
3,370,107

 
$
(91,859
)
 
$
3,278,248

 
 
 
 
 
 
LIABILITIES AND STOCKHOLDERS' EQUITY
 

 
 
 
 

Current liabilities:
 

 
 
 
 

Accrued liabilities
$
407,777

 
$
(85,681
)
 
$
322,096

Total current liabilities
557,694

 
(85,681
)
 
472,013

Deferred tax liability
115,887

 
(1,001
)
 
114,886

Total liabilities
2,580,047

 
(86,682
)
 
2,493,365

Commitments and contingencies (Note 7)
 
 
 
 
 
Stockholders' equity:
 

 
 
 
 

Retained earnings
218,565

 
(5,177
)
 
213,388

Total stockholders' equity before treasury stock
1,629,829

 
(5,177
)
 
1,624,652

Total stockholders' equity
790,060

 
(5,177
)
 
784,883

Total liabilities and stockholders' equity
$
3,370,107

 
$
(91,859
)
 
$
3,278,248


The following tables summarize the impacts of adopting Topic 606 on the Company’s condensed consolidated financial statements for the three months ended September 30, 2018:

CONSOLIDATED STATEMENTS OF OPERATIONS
Selected Line Items
(in thousands)
(Unaudited)
 
September 30, 2018
as Reported
 
Adjustments due to Topic 606
(increase/(decrease))
 
September 30, 2018
Without Adoption of Topic 606
Net revenues
 
 
 
 


Net product revenues
$
435,262

 
$
(2,431
)
 
$
432,831

Net service revenues
47,807

 
81

 
47,888

Total net revenues
483,069

 
(2,350
)
 
480,719

Gross profit
152,629

 
(2,350
)
 
150,279

Operating expenses:
 
 
 
 


Selling, general, and administrative
174,297

 
870

 
175,167

Total operating expenses
238,605

 
870

 
239,475

Operating loss
(85,976
)
 
(3,220
)
 
(89,196
)
Loss before income taxes
(108,259
)
 
(3,220
)
 
(111,479
)
Income tax expense (benefit)
(21,550
)
 
(470
)
 
(22,020
)
Net loss
$
(86,709
)
 
$
(2,750
)
 
$
(89,459
)
 
 
 
 
 


Loss per common share:
 
 
 
 


Basic
$
(2.21
)
 
$
(0.07
)
 
$
(2.28
)
Diluted
$
(2.21
)
 
$
(0.07
)
 
$
(2.28
)

The following tables summarize the impacts of adopting Topic 606 on the Company’s condensed consolidated financial statements for the six months ended September 30, 2018:

CONSOLIDATED STATEMENTS OF OPERATIONS
Selected Line Items
(in thousands)
(Unaudited)
 
September 30, 2018
as Reported
 
Adjustments due to Topic 606
(increase/(decrease))
 
September 30, 2018
Without Adoption of Topic 606
Net revenues
 
 
 
 


Net product revenues
$
656,571

 
$
(2,583
)
 
$
653,988

Net service revenues
47,807

 
81

 
47,888

Total net revenues
704,378

 
(2,502
)
 
701,876

Gross profit
262,472

 
(2,502
)
 
259,970

Operating expenses
 
 
 
 


Selling, general, and administrative
238,500

 
870

 
239,370

Total operating expenses
327,799

 
870

 
328,669

Operating loss
(65,327
)
 
(3,372
)
 
(68,699
)
Loss before income taxes
(92,941
)
 
(3,372
)
 
(96,313
)
Income tax expense (benefit)
(20,703
)
 
(508
)
 
(21,211
)
Net loss
$
(72,238
)
 
$
(2,864
)
 
$
(75,102
)
 
 
 
 
 


Loss per common share:
 
 
 
 


Basic
$
(2.01
)
 
$
(0.08
)
 
$
(2.09
)
Diluted
$
(2.01
)
 
$
(0.08
)
 
$
(2.09
)

The following tables summarize the impacts of adopting Topic 606 on the Company’s condensed consolidated statement of comprehensive loss for the three months ended September 30, 2018:

CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS
Selected Line Items
(in thousands)
(Unaudited)
 
September 30, 2018
as Reported
 
Adjustments due to Topic 606
(increase/(decrease))
 
September 30, 2018
Without Adoption of Topic 606
Net loss
$
(86,709
)
 
$
(2,750
)
 
$
(89,459
)
Comprehensive loss
$
(87,626
)
 
$
(2,750
)
 
$
(90,376
)

The following tables summarize the impacts of adopting Topic 606 on the Company’s condensed consolidated statement of comprehensive loss for the six months ended September 30, 2018:

CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS
Selected Line Items
(in thousands)
(Unaudited)
 
September 30, 2018
as Reported
 
Adjustments due to Topic 606
(increase/(decrease))
 
September 30, 2018
Without Adoption of Topic 606
Net loss
$
(72,238
)
 
$
(2,864
)
 
$
(75,102
)
Comprehensive loss
$
(69,439
)
 
$
(2,864
)
 
$
(72,303
)