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RECENT ACCOUNTING PRONOUNCEMENTS (Tables)
9 Months Ended
Dec. 31, 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 December 31, 2018:
 
December 31, 2018
As Reported
 
Adjustments due to Topic 606
(increase/(decrease))
 
December 31, 2018
Without Adoption of Topic 606
ASSETS
 
 
 
 
 
Current assets:
 
 
 
 
 
Accounts receivable, net
$
363,837

 
$
(91,135
)
 
$
272,702

Other current assets
48,229

 
(467
)
 
47,762

Total current assets
913,863

 
(91,602
)
 
822,261

Other assets
22,821

 
(1,652
)
 
21,169

Total assets
$
3,297,781

 
$
(93,254
)
 
$
3,204,527

 
 
 
 
 
 
LIABILITIES AND STOCKHOLDERS' EQUITY
 

 
 
 
 

Current liabilities:
 

 
 
 
 

Accrued liabilities
$
452,194

 
$
(82,362
)
 
$
369,832

Total current liabilities
598,261

 
(82,362
)
 
515,899

Other long-term liabilities
134,492

 
(1,766
)
 
132,726

Total liabilities
2,553,563

 
(84,129
)
 
2,469,434

Commitments and contingencies (Note 7)
 
 
 
 
 
Stockholders' equity:
 

 
 
 
 

Retained earnings
170,861

 
(9,125
)
 
161,736

Total stockholders' equity before treasury stock
1,589,289

 
(9,125
)
 
1,580,164

Total stockholders' equity
744,218

 
(9,125
)
 
735,093

Total liabilities and stockholders' equity
$
3,297,781

 
$
(93,254
)
 
$
3,204,527


The following tables summarize the impacts of adopting Topic 606 on the Company’s condensed consolidated financial statements for the three months ended December 31, 2018:

CONSOLIDATED STATEMENTS OF OPERATIONS
Selected Line Items
(in thousands)
(Unaudited)
 
December 31, 2018
as Reported
 
Adjustments due to Topic 606
(increase/(decrease))
 
December 31, 2018
Without Adoption of Topic 606
Net revenues
 
 
 
 


Net product revenues
$
445,441

 
$
(3,044
)
 
$
442,397

Net service revenues
56,228

 
86

 
56,314

Total net revenues
501,669

 
(2,958
)
 
498,711

Gross profit
215,137

 
(2,958
)
 
212,179

Operating expenses:
 
 
 
 
 
Selling, general, and administrative
168,053

 
1,031

 
169,084

Total operating expenses
239,844

 
1,031

 
240,875

Operating loss
(24,707
)
 
(3,989
)
 
(28,696
)
Loss before income taxes
(49,614
)
 
(3,989
)
 
(53,603
)
Income tax expense (benefit)
(7,880
)
 
(716
)
 
(8,596
)
Net loss
$
(41,734
)
 
$
(3,273
)
 
$
(45,007
)
 
 
 
 
 
 
Loss per common share:
 
 
 
 
 
Basic
$
(1.06
)
 
$
(0.08
)
 
$
(1.14
)
Diluted
$
(1.06
)
 
$
(0.08
)
 
$
(1.14
)

The following tables summarize the impacts of adopting Topic 606 on the Company’s condensed consolidated financial statements for the nine months ended December 31, 2018:

CONSOLIDATED STATEMENTS OF OPERATIONS
Selected Line Items
(in thousands)
(Unaudited)
 
December 31, 2018
As Reported
 
Adjustments due to Topic 606
(increase/(decrease))
 
December 31, 2018
Without Adoption of Topic 606
Net revenues
 
 
 
 


Net product revenues
$
1,102,012

 
$
(5,626
)
 
$
1,096,386

Net service revenues
104,035

 
167

 
104,202

Total net revenues
1,206,047

 
(5,459
)
 
1,200,588

Gross profit
477,609

 
(5,459
)
 
472,150

Operating expenses
 
 
 
 
 
Selling, general, and administrative
406,553

 
1,901

 
408,454

Total operating expenses
567,643

 
1,901

 
569,544

Operating loss
(90,034
)
 
(7,360
)
 
(97,394
)
Loss before income taxes
(142,555
)
 
(7,360
)
 
(149,915
)
Income tax expense (benefit)
(28,583
)
 
(1,273
)
 
(29,856
)
Net loss
$
(113,971
)
 
$
(6,087
)
 
$
(120,058
)
 
 
 
 
 
 
Loss per common share:
 
 
 
 
 
Basic
$
(3.08
)
 
$
(0.16
)
 
$
(3.24
)
Diluted
$
(3.08
)
 
$
(0.16
)
 
$
(3.24
)

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 December 31, 2018:

CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS
Selected Line Items
(in thousands)
(Unaudited)
 
December 31, 2018
as Reported
 
Adjustments due to Topic 606
(increase/(decrease))
 
December 31, 2018
Without Adoption of Topic 606
Net loss
$
(41,734
)
 
$
(3,273
)
 
$
(45,007
)
Comprehensive loss
$
(46,370
)
 
$
(3,273
)
 
$
(49,643
)

The following tables summarize the impacts of adopting Topic 606 on the Company’s condensed consolidated statement of comprehensive loss for the nine months ended December 31, 2018:

CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS
Selected Line Items
(in thousands)
(Unaudited)
 
December 31, 2018
as Reported
 
Adjustments due to Topic 606
(increase/(decrease))
 
December 31, 2018
Without Adoption of Topic 606
Net loss
$
(113,971
)
 
$
(6,087
)
 
$
(120,058
)
Comprehensive loss
$
(115,808
)
 
$
(6,087
)
 
$
(121,895
)