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Revenue Recognition (Tables) | 12 Months Ended
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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 |

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