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Revenues (Tables) | 3 Months Ended
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Mar. 31, 2018
Revenue from Contract with Customer [Abstract] |
Impact of New Accounting Pronouncements on Financial Statements | The impact to the lines items in the Condensed Consolidated Balance Sheet were as follows:
|  | Balance at |  | Revenue Standard Adoption Adjustment |  | Balance at
(in thousands) |  | December 31, 2017 |  |  | January 1, 2018
Assets |  |  |  |  |  |
Prepaid expenses and other current assets |  | $ | 73,358 |  |  | $ | 6,615 |  |  | $ | 79,973 |
Deferred subscriber acquisition costs, net |  | 282,478 |  |  | 33,380 |  |  | 315,858 |
Other assets |  | 123,967 |  |  | 6,321 |  |  | 130,288 |
Liabilities |  |  |  |  |  |
Deferred tax liabilities |  | 1,376,708 |  |  | 11,886 |  |  | 1,388,594 |
Stockholders' Equity |  |  |  |  |  |
Accumulated deficit |  | (998,212 | ) |  | 34,430 |  |  | (963,782 | )
The impact from the adoption of the new revenue standard on the Company’s condensed consolidated financial statements as of and for the three months ended March 31, 2018 was as follows:
|  |  |  | Balances without |  | Effect of Adoption
Statement of Operations (in thousands) |  | As Reported |  | Adoption of Standard |  | Increase / (Decrease)
Monitoring and related services |  | $ | 1,017,292 |  |  | $ | 1,018,650 |  |  | $ | (1,358 | )
Installation and other |  | 99,156 |  |  | 97,277 |  |  | 1,879 |
Total revenue |  | 1,116,448 |  |  | 1,115,927 |  |  | 521 |
Cost of revenue (exclusive of depreciation and amortization shown separately below) |  | 248,394 |  |  | 248,394 |  |  | — |
Selling, general and administrative expenses(1) |  | 304,970 |  |  | 311,211 |  |  | (6,241 | )
Depreciation and intangible asset amortization |  | 483,676 |  |  | 483,676 |  |  | — |
Merger, restructuring, integration, and other costs |  | 8,023 |  |  | 8,023 |  |  | — |
Operating income |  | 71,385 |  |  | 64,623 |  |  | 6,762 |
Interest expense, net |  | (174,333 | ) |  | (174,333 | ) |  | — |
Loss on extinguishment of debt |  | (61,597 | ) |  | (61,597 | ) |  | — |
Other (expense) income |  | (460 | ) |  | (460 | ) |  | — |
Loss before income taxes |  | (165,005 | ) |  | (171,767 | ) |  | 6,762 |
Income tax benefit |  | 7,568 |  |  | 9,225 |  |  | (1,657 | )
Net loss |  | $ | (157,437 | ) |  | $ | (162,542 | ) |  | $ | 5,105 |
_________________
(1) | Included in the effect of adoption is approximately $5 million associated with non-cash amortization expense of deferred subscriber acquisition costs.
|  |  |  | Balances without |  | Effect of Adoption
Balance Sheet (in thousands) |  | As Reported |  | Adoption of Standard |  | Increase / (Decrease)
Assets |  |  |  |  |  |
Prepaid expenses and other current assets |  | $ | 102,349 |  |  | $ | 95,108 |  |  | $ | 7,241 |
Deferred subscriber acquisition costs, net |  | 342,913 |  |  | 302,947 |  |  | 39,966 |
Other assets |  | 131,988 |  |  | 126,117 |  |  | 5,871 |
Liabilities |  |  |  |  |  |
Deferred tax liabilities |  | 1,381,723 |  |  | 1,368,180 |  |  | 13,543 |
Stockholders' Equity |  |  |  |  |  |
Accumulated deficit |  | (1,148,059 | ) |  | (1,187,594 | ) |  | 39,535 |
Disaggregation of Revenue | The following table sets forth the Company’s revenues disaggregated by source:
(in thousands) |  | For the Three Months Ended March 31, 2018
Monitoring and related services |  | $ | 1,017,292 |
Installation and other |  | 99,156 |
Total revenue |  | $ | 1,116,448 |

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