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Revenues (Tables)
 3 Months Ended
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