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Recent Accounting Developments (Tables)
 12 Months Ended
Dec. 31, 2018
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]  
Schedule of New Accounting Pronouncements and Changes in Accounting Principles
The following table summarizes the cumulative impact of the adoption of the Revenue Recognition Update on our opening consolidated balance sheet (in thousands):
 
December 31, 2017
 
Adjustments Due to the Revenue Recognition Update
 
January 1, 2018
Assets
 
 
 
 
 
Accounts receivable, trade
$
113,416

 
$
7,883

 
$
121,299

Inventory
90,691

 
(6,917
)
 
83,774

Contract costs
—

 
21,524

 
21,524

 
 
 
 
 
 
Liabilities

 


 

Accrued liabilities
$
71,116

 
$
209

 
$
71,325

Deferred revenue
4,858

 
3,188

 
8,046

Deferred income taxes
97,943

 
4,427

 
102,370

 
 
 
 
 
 
Equity

 


 

Accumulated deficit
$
(2,241,243
)
 
$
14,666

 
$
(2,226,577
)

The following tables summarize the impact of the application of the Revenue Recognition Update on our consolidated balance sheet and consolidated statement of operations (in thousands):
 
December 31, 2018
 
 
Balance Sheet
As Reported
 
Balance Excluding the Impact of the Revenue Recognition Update
 
Effect of Change
Assets
 
 
 
 
 
Accounts receivable, trade
$
147,985

 
$
131,464

 
$
16,521

Inventory
76,333

 
93,648

 
(17,315
)
Contract costs
39,020

 
—

 
39,020

 
 
 
 
 
 
Liabilities
 
 
 
 
 
Accrued liabilities
$
78,997

 
$
78,672

 
$
325

Deferred revenue
16,509

 
14,015

 
2,494

Deferred income taxes
2,842

 
2,620

 
222

Other long-term liabilities
20,793

 
20,780

 
13

 
 
 
 
 
 
Equity
 
 
 
 
 
Additional paid-in capital (1)
$
3,177,982

 
$
3,168,470

 
$
9,512

Accumulated deficit
(2,263,677
)
 
(2,289,337
)
 
25,660

——————
(1) 
Represents the impact of the Revenue Recognition Update on net income attributable to noncontrolling interest which was reclassed to additional paid-in capital pursuant to the Merger.

 
Year Ended December 31, 2018
 
 
Statement of Operations
As Reported
 
Balance Excluding the Impact of the Revenue Recognition Update
 
Effect of Change
Revenue:
 
 
 
 
 
Contract operations
$
672,536

 
$
676,517

 
$
(3,981
)
Aftermarket services
231,905

 
218,708

 
13,197

Total revenue
904,441

 
895,225

 
9,216

Cost of sales (excluding depreciation and amortization):
 
 
 
 
 
Contract operations
273,013

 
288,599

 
(15,586
)
Aftermarket services
191,354

 
180,956

 
10,398

Total cost of sales (excluding depreciation and amortization)
464,367

 
469,555

 
(5,188
)
Selling, general and administrative
101,563

 
103,473

 
(1,910
)
Provision for (benefit from) income taxes
6,150

 
2,786

 
3,364

Net income attributable to the noncontrolling interest
(8,097
)
 
(6,141
)
 
(1,956
)
Net income attributable to Archrock stockholders
21,063

 
10,069

 
10,994