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REVENUE RECOGNITION (Tables) | 9 Months Ended
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Sep. 30, 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 September 30, 2018 |
Accounts receivable |  | $ | 43,207 |
Short-term unbilled receivables |  |  | 1,621 |
Long-term unbilled receivables |  |  | 778 |
Short-term deferred revenue |  |  | 69,143 |
Long-term deferred revenue |  |  | 40,684 |
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):
|  | Nine Months Ended September 30, 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 |  |  | - |  |  |  | 46,016 |
Increases due to cash received |  |  | - |  |  |  | (99,940 | )
Cumulative catch-up adjustment arising from changes in estimates of transaction price |  |  | - |  |  |  | 4,287 |
Unbilled receivables recognized |  |  | 2,022 |  |  |  | - |
Transferred to receivables from unbilled receivables |  |  | - |  |  |  | - |
Net change |  |  | 2,022 |  |  |  | (49,637 | )
Balance at September 30, 2018 |  | $ | 2,399 |  |  | $ | (109,827 | )
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 and nine months ended September 30, 2018. i. Consolidated Balance Sheet (in thousands)
|  | Impact of changes in accounting policies |
September 30, 2018 |  | As reported |  |  | Adjustment |  |  | Balances without adoption of Topic 606 |
ASSETS |  |  |  |  |  |  |  |  |  |  |  |
Other assets (current and non-current) |  | $ | 51,094 |  |  | $ | (2,049 | ) |  | $ | 49,045 |
Deferred income taxes |  |  | 13,910 |  |  |  | (13,640 | ) |  |  | 270 |
TOTAL ASSETS |  |  | 883,744 |  |  |  | (15,689 | ) |  |  | 868,055 |
LIABILITIES AND SHAREHOLDERS' EQUITY |  |  |  |  |  |  |  |  |  |  |  |
Deferred revenue (current and non-current) |  |  | 109,827 |  |  |  | (79,226 | ) |  |  | 30,601 |
Retained earnings |  |  | 112,337 |  |  |  | 63,537 |  |  |  | 175,874 |
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY |  |  | 883,744 |  |  |  | (15,689 | ) |  |  | 868,055 |
ii. Consolidated Statements of Income (in thousands)
|  | Impact of changes in accounting policies |
Three Months Ended September 30, 2018 |  | As reported |  |  | Adjustment |  |  | Balances without adoption of Topic 606 |
REVENUE |  | $ | 77,550 |  |  | $ | 14,054 |  |  | $ | 91,604 |
Gross margin |  |  | 61,427 |  |  |  | 14,054 |  |  |  | 75,481 |
OPERATING INCOME |  |  | 26,032 |  |  |  | 14,054 |  |  |  | 40,086 |
INCOME BEFORE INCOME TAXES |  |  | 28,143 |  |  |  | 14,054 |  |  |  | 42,197 |
INCOME TAX EXPENSE |  |  | (5,325 | ) |  |  | (2,670 | ) |  |  | (7,995 | )
NET INCOME |  |  | 22,818 |  |  |  | 11,384 |  |  |  | 34,202 |
|  | Impact of changes in accounting policies |
Nine Months Ended September 30, 2018 |  | As reported |  |  | Adjustment |  |  | Balances without adoption of Topic 606 |
REVENUE |  | $ | 177,271 |  |  | $ | 56,177 |  |  | $ | 233,448 |
Gross margin |  |  | 142,055 |  |  |  | 56,177 |  |  |  | 198,232 |
OPERATING INCOME |  |  | 41,462 |  |  |  | 56,177 |  |  |  | 97,639 |
INCOME BEFORE INCOME TAXES |  |  | 46,551 |  |  |  | 56,177 |  |  |  | 102,728 |
INCOME TAX EXPENSE |  |  | (6,960 | ) |  |  | (10,534 | ) |  |  | (17,494 | )
NET INCOME |  |  | 39,591 |  |  |  | 45,643 |  |  |  | 85,234 |
iii. Consolidated Statement of Cash Flows (in thousands)

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