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REVENUE RECOGNITION (Tables) | 3 Months Ended
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Mar. 31, 2018
Schedule of Assets and Liabilities Associated with Contracts from Customers | The following table provides information about assets and liabilities associated with our contracts from customers (in thousands):
|  | As of March 31, 2018 |
Accounts receivable |  | $ | 22,768 |
Short-term unbilled receivables |  |  | 407 |
Long-term unbilled receivables |  |  | 1,272 |
Short-term deferred revenue |  |  | 59,736 |
Long-term deferred revenue |  |  | 19,500 |
Summary of Significant Changes in Unbilled Receivables and Deferred Liabilities Balances | Significant changes in the unbilled receivables and deferred liabilities balances during the period are as follows (in thousands):
|  | Three Months Ended March 31, 2018 |
|  | Unbilled Receivables Increase (Decrease) |  |  | Deferred Revenue (Increase) Decrease |
Balance at December 31, 2017 |  | $ | 70 |  |  | $ | (38,883 | )
Adoption of revenue standard on January 1, 2018 |  |  | 307 |  |  |  | (21,307 | )
Adjusted balance on January 1, 2018 |  |  | 377 |  |  |  | (60,190 | )
Revenue recognized that was previously included in deferred revenue |  | — |  |  |  | 6,490 |
Increases due to cash received |  | — |  |  |  | (30,331 | )
Cumulative catch-up adjustment arising from changes in estimates of transaction price |  | — |  |  |  | 4,795 |
Unbilled receivables recognized |  |  | 1,302 |  |  | — |
Transferred to receivables from unbilled receivables |  | — |  |  | — |
Net change |  |  | 1,302 |  |  |  | (19,046 | )
Balance at March 31, 2018 |  | $ | 1,679 |  |  | $ | (79,236 | )
Revenue from Contracts with Customers - ASU No. 2014-09 [Member] |
Summary of Impacts of Adopting Topic 606 on Consolidated Financial Statements | The following tables summarize the impacts of adopting Topic 606 on the Company’s consolidated financial statements for the three months ended March 31, 2018.
i. Consolidated balance sheet |  | Impact of changes in accounting policies |
March 31, 2018 (in thousands) |  | As reported |  |  | Adjustment |  |  | Balances without adoption of Topic 606 |
ASSETS |  |  |  |  |  |  |  |  |  |  |  |
Other assets (current and non-current) |  | $ | 16,692 |  |  | $ | (1,401 | ) |  | $ | 15,291 |
Deferred income taxes |  |  | 29,944 |  |  |  | (7,790 | ) |  |  | 22,154 |
TOTAL ASSETS |  |  | 795,140 |  |  |  | (9,191 | ) |  |  | 785,949 |
LIABILITIES AND SHAREHOLDERS' EQUITY |  |  |  |  |  |  |  |  |  |  |  |
Deferred revenue (current and non-current) |  |  | 79,236 |  |  |  | (47,054 | ) |  |  | 32,182 |
Retained earnings |  |  | 84,360 |  |  |  | 37,863 |  |  |  | 122,223 |
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY |  |  | 795,140 |  |  |  | (9,191 | ) |  |  | 785,949 |
ii. Consolidated statements of income |  | Impact of changes in accounting policies |
For the three-months ended March 31, 2018 (in thousands) |  | As reported |  |  | Adjustment |  |  | Balances without adoption of Topic 606 |
REVENUE |  | $ | 43,572 |  |  | $ | 24,653 |  |  | $ | 68,225 |
GROSS MARGIN |  |  | 36,114 |  |  |  | 24,653 |  |  |  | 60,767 |
OPERATING INCOME |  |  | 4,519 |  |  |  | 24,653 |  |  |  | 29,172 |
INCOME BEFORE INCOME TAXES |  |  | 5,743 |  |  |  | 24,653 |  |  |  | 30,396 |
INCOME TAX BENEFIT (EXPENSE) |  |  | 216 |  |  |  | (4,684 | ) |  |  | (4,468 | )
NET INCOME |  |  | 5,959 |  |  |  | 19,969 |  |  |  | 25,928 |
iii. Consolidated statements of cash flows |  | Impact of changes in accounting policies |
For the three-months ended March 31, 2018 (in thousands) |  | As reported |  |  | Adjustment |  |  | Balances without adoption of Topic 606 |
Net income |  | $ | 5,959 |  |  | $ | 19,969 |  |  | $ | 25,928 |
Amortization of deferred revenue |  |  | (12,589 | ) |  |  | (29,160 | ) |  |  | (41,749 | )
Deferred income tax expense |  |  | 72 |  |  |  | 7,790 |  |  |  | 7,862 |
Other assets (current and non-current) |  |  | (4,202 | ) |  |  | 1,401 |  |  |  | (2,801 | )
CASH FLOW FROM OPERATING ACTIVITIES |  |  | 38,815 |  |  |  | - |  |  |  | 38,815 |

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