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Summary of Significant Accounting Policies (Tables) | 3 Months Ended
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Apr. 01, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Schedule of New Accounting Pronouncements | he following changes were made to our condensed consolidated balance sheet on January 1, 2018 as a result of the adoption of ASC 606 (in millions):
| Balance at January 1, 2018 |  | ASC 606 Adjustment |  | Adjusted Balance at January 1, 2018
Assets |  |  |  |  |
Unbilled receivable, net | $ | 138.1 |  |  | $ | 1.3 |  |  | $ | 139.4 |
Inventoried costs | 49.0 |  |  | (0.3 | ) |  | 48.7 |
Liabilities |  |  |  |  |
Accrued expenses | $ | 40.9 |  |  | $ | (0.6 | ) |  | $ | 40.3 |
Billings in excess of costs and earnings on uncompleted contracts | 42.8 |  |  | 1.8 |  |  | 44.6 |
Stockholders’ Equity |  |  |  |  |
Accumulated deficit | $ | (720.8 | ) |  | $ | (0.2 | ) |  | (721.0 | )
The following table summarizes the impacts of ASC 606 adoption on the Company’s operating income from continuing operation for the three months ended April 1, 2018 (in millions):
| For the period ended April 1, 2018
|  |  | Balances Without Adoption of ASC 606 |  | Effect of Change Higher/(Lower)
| As Reported |  |
Service revenues | $ | 46.0 |  |  | $ | 46.0 |  |  | $ | — |
Product sales | 97.0 |  |  | 89.3 |  |  | 7.7 |
Total revenues | 143.0 |  |  | 135.3 |  |  | 7.7 |
Cost of service revenue | 32.9 |  |  | 32.9 |  |  | — |
Cost of product sales | 69.3 |  |  | 65.1 |  |  | 4.2 |
Total costs | 102.2 |  |  | 98.0 |  |  | 4.2 |
Gross profit | 40.8 |  |  | 37.3 |  |  | 3.5 |
Selling, general and administrative expenses | 29.8 |  |  | 29.8 |  |  | — |
Total operating income from continuing operations | $ | 7.0 |  |  | $ | 3.5 |  |  | $ | 3.5 |
The following table summarizes the impacts of ASC 606 adoption on the Company’s balance sheet as of April 1, 2018 (in millions):
| April 1, 2018
|  |  | Balances Without Adoption of ASC 606 |  | Effect of Change Higher/(Lower)
| As Reported |
Assets |  |  |  |  |
Accounts receivable | $ | 57.7 |  |  | $ | 55.6 |  |  | $ | 2.1 |
Unbilled receivables | 151.2 |  |  | 147.1 |  |  | 4.1 |
Inventoried costs | 48.2 |  |  | 52.4 |  |  | (4.2 | )
Liabilities |  |  |  |  |
Billings in excess of costs and earnings on uncompleted contracts | 38.2 |  |  | 39.7 |  |  | (1.5 | )
Stockholders’ Equity |  |  |  |
Accumulated deficit | $ | (723.2 | ) |  | $ | (726.7 | ) |  | $ | 3.5 |

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- Definition Tabular disclosure of changes in accounting principles, including adoption of new accounting pronouncements, that describes the new methods, amount and effects on financial statement line items. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=64853466&loc=d3e22580-107794 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=68064558&loc=d3e765-108305 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=64853466&loc=d3e22499-107794 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.10-01.(b)(6)) -URI http://asc.fasb.org/extlink&oid=27015980&loc=d3e46468-122699 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=64853466&loc=d3e22583-107794 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=68064558&loc=d3e725-108305 + Details
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