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REVENUE RECOGNITION (Tables) | 12 Months Ended
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Dec. 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 December 31, 2018 |
Accounts receivable |  | $ | 43,129 |
Short-term unbilled receivables |  |  | 1,020 |
Long-term unbilled receivables |  |  | — |
Short-term deferred revenue |  |  | 80,782 |
Long-term deferred revenue |  |  | 41,785 |
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):
|  | Year Ended December 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 |  |  | — |  |  |  | 64,562 |
Increases due to cash received |  |  | — |  |  |  | (130,639 | )
Cumulative catch-up adjustment arising from changes in estimates of transaction price |  |  | — |  |  |  | 3,700 |
Unbilled receivables recognized |  |  | 2,024 |  |  |  | — |
Transferred to receivables from unbilled receivables |  |  | (1,381 | ) |  |  | — |
Net change |  |  | 643 |  |  |  | (62,377 | )
Balance at December 31, 2018 |  | $ | 1,020 |  |  | $ | (122,567 | )
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 year ended December 31, 2018. i. Consolidated Balance Sheet (in thousands)
|  | Impact of changes in accounting policies |
December 31, 2018 |  | As reported |  |  | Adjustment |  |  | Balances without adoption of Topic 606 |
ASSETS |  |  |  |  |  |  |  |  |  |  |  |
Other assets (current and non-current) |  | $ | 70,892 |  |  | $ | — |  |  | $ | 70,892 |
Deferred income taxes |  |  | 24,377 |  |  |  | (11,153 | ) |  |  | 13,224 |
TOTAL ASSETS |  |  | 933,424 |  |  |  | (11,153 | ) |  |  | 922,271 |
LIABILITIES AND SHAREHOLDERS' EQUITY |  |  |  |  |  |  |  |  |  |  |  |
Deferred revenue (current and non-current) |  |  | 122,567 |  |  |  | (99,885 | ) |  |  | 22,682 |
Retained earnings |  |  | 129,552 |  |  |  | 88,732 |  |  |  | 218,284 |
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY |  |  | 933,424 |  |  |  | (11,153 | ) |  |  | 922,271 |
ii. Consolidated Statements of Income (in thousands)
|  | Impact of changes in accounting policies |
Year Ended December 31, 2018 |  | As reported |  |  | Adjustment |  |  | Balances without adoption of Topic 606 |
REVENUE |  | $ | 247,414 |  |  | $ | 78,885 |  |  | $ | 326,299 |
Gross margin |  |  | 193,873 |  |  |  | 78,885 |  |  |  | 272,758 |
OPERATING INCOME |  |  | 56,735 |  |  |  | 78,885 |  |  |  | 135,620 |
INCOME BEFORE INCOME TAXES |  |  | 64,311 |  |  |  | 78,885 |  |  |  | 143,196 |
INCOME TAX EXPENSE |  |  | (5,471 | ) |  |  | (7,252 | ) |  |  | (12,723 | )
NET INCOME |  |  | 58,840 |  |  |  | 71,633 |  |  |  | 130,473 |
iii. Consolidated Statement of Cash Flows (in thousands)
|  | Impact of changes in accounting policies |
Year Ended December 31, 2018 |  | As reported |  |  | Adjustment |  |  | Balances without adoption of Topic 606 |
Net income |  | $ | 58,840 |  |  | $ | 71,633 |  |  | $ | 130,473 |
Amortization of deferred revenue and recognition of unbilled receivables |  |  | (68,905 | ) |  |  | (81,991 | ) |  |  | (150,896 | )
Deferred income tax expense |  |  | (12,814 | ) |  |  | 10,358 |  |  |  | (2,456 | )
Other assets (current and non-current) |  |  | (59,062 | ) |  |  | — |  |  |  | (59,062 | )
CASH FLOW FROM OPERATING ACTIVITIES |  |  | 121,796 |  |  |  | — |  |  |  | 121,796 |

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