Basis of presentation Basis of presentation (Tables)

6 Months Ended

Jun. 30, 2018

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Reconciliation Of The Denominators Used To Calculate Basic EPS And Diluted EPS

The reconciliation of the denominators used to calculate basic EPS and diluted EPS for the three and six months ended June 30, 2018 and 2017, are as follows:

	Three Months Ended June 30,		Six Months Ended June 30,
	(In thousands)		(In thousands)
	(Unaudited)		(Unaudited)
	2018	2017	2018	2017
Weighted average shares outstanding-basic	131,877	130,197	131,504	129,820
Plus: Common share equivalents
RSUs	1,177	920	1,334	799
Weighted average shares outstanding-diluted	133,054	131,117	132,838	130,619

Schedule of New Accounting Pronouncements and Changes in Accounting Principles

The cumulative effects of the changes made to our consolidated January 1, 2018 balance sheet for the adoption of ASU 2014-09, Revenue - Revenue from Contracts with Customers were as follows (in thousands):

(in thousands)	Balance at December 31, 2017		Adjustments Due to ASU 2014-09		Balance at January 1, 2018
Balance Sheet
Assets
Accounts receivable, net	$	248,825	2,399		$	251,224
Other long-term assets	32,553		(106	)	32,447
Liabilities and Stockholders' Equity
Deferred revenue - current	120,638		(9,067	)	111,571
Deferred revenue - long-term	33,742		(997	)	32,745
Other current liabilities	23,782		2,100		25,882
Deferred income taxes	33,609		1,638		35,247
Retained earnings	$	313,241	8,619		$	321,860

The following tables present the amounts by which financial statement line items were affected in the current period due to the adoption of ASU 2014-09. Our historical net cash flows are not impacted by this accounting change.

(In thousands, except per share data)	For the three month period ended June 30, 2018			For the six month period ended June 30, 2018
	Increase / (Decrease)			Increase / (Decrease)
Consolidated Statements of Income
Net Sales
Products	$	1,042		$	7,454
Software Maintenance	—			—
Total net sales	1,042			7,454
Operating Expenses	(183		)	(206		)
Operating Income	1,225			7,660
Provision for income taxes	124			1,282
Net income	$	1,101		$	6,378
Basic earnings per share	0.01			0.05
Diluted earnings per share	0.01			0.05

*   Excludes line items that were not materially affected by our adoption of ASU 2014-09.

(in thousands)	June 30, 2018
	Increase / (Decrease)
Consolidated Balance Sheet*
Assets
Accounts receivable, net	$	2,093
Other long-term assets	100
Liabilities and Stockholder's Equity
Deferred revenue - current	(14,276		)
Deferred revenue - non-current	(3,491		)
Other current liabilities	3,382
Deferred income taxes	1,638
Retained earnings	$	14,940

*   Excludes line items that were not materially affected by our adoption of ASU 2014-09. Balance sheet line item amounts include the cumulative-effect adjustment recorded on January 1, 2018.