XML 39 R20.htm IDEA: XBRL DOCUMENT v3.8.0.1
Significant Accounting Policies (Tables)
 3 Months Ended
Mar. 31, 2018
Accounting Policies [Abstract]  
Disaggregation of Revenue
The following is a summary of revenue disaggregated by geographic region based upon the location of the customers (in thousands):
 
 
Three Months Ended
 
 
March 31,
 2018
 
April 1,
 2017
United States
 
$
89,389

 
 
$
106,528

 
Caribbean
 
1,137
 
 
 
947
 
 
Canada
 
2,286
 
 
 
1,512
 
 
Europe
 
1,227
 
 
 
1,577
 
 
Other
 
5,364
 
 
 
6,954
 
 
Total
 
$
99,403

 
 
$
117,518

 
Schedule of New Accounting Pronouncements and Changes in Accounting Principles
The cumulative effect of changes made to the Condensed Consolidated January 1, 2018 Balance Sheet was as follows (in thousands):
 
 
Balance at December 31, 2017
 
Adjustments
 
Balance at January 1, 2018
Accounts receivable, net
 
$
80,392
 
 
$
491
 
 
$
80,883
 
Prepaid expenses and other current assets
 
10,759
 
 
(245
)
 
10,514
 
Other assets
 
759
 
 
698
 
 
1,457
 
Total assets
 
295,070
 
 
944
 
 
296,014
 
Deferred revenue
 
13,076
 
 
(829
)
 
12,247
 
Total liabilities
 
150,107
 
 
(829
)
 
149,278
 
Accumulated deficit
 
(667,357
)
 
1,773
 
 
(665,584
)
Total liabilities and stockholders’ equity
 
295,070
 
 
944
 
 
296,014
 
The impact of adopting the new revenue standard on the Company’s consolidated financial statements as of and for the three months ended March 31, 2018 were as follows (in thousands):
Condensed Consolidated Balance Sheet
As of March 31, 2018 (Unaudited)
 
As Reported
 
Adjustments
 
Balances Without Adoption of Topic 606
Accounts receivable, net
 
$
55,746
 
 
$
(2,071
)
 
$
53,675
 
Prepaid expenses and other current assets
 
12,551
 
 
1,023
 
 
13,574
 
Other assets
 
1,943
 
 
(699
)
 
1,244
 
Total assets
 
270,912
 
 
(1,747
)
 
269,165
 
Accrued liabilities
 
48,783
 
 
(959
)
 
47,824
 
Deferred revenue
 
14,676
 
 
1,427
 
 
16,103
 
Total liabilities
 
132,873
 
 
468
 
 
133,341
 
Accumulated deficit
 
(677,320
)
 
(2,215
)
 
(679,535
)
Total liabilities and stockholders’ equity
 
270,912
 
 
(1,747
)
 
269,165
 

Condensed Consolidated Statement of Comprehensive Loss
Three Months Ended March 31, 2018 (Unaudited)
 
As Reported
 
Adjustments
 
Balances Without Adoption of Topic 606
Revenue:
 
 
 
 
 
 
Systems
 
$
93,291
 
 
$
(681
)
 
$
92,610
 
Services
 
6,112
 
 
(539
)
 
5,573
 
Total revenue
 
99,403
 
 
(1,220
)
 
98,183
 
Cost of revenue:
 
 
 
 
 
 
Systems
 
51,633
 
 
(485
)
 
51,148
 
Services
 
5,711
 
 
(278
)
 
5,433
 
Total cost of revenue
 
57,344
 
 
(763
)
 
56,581
 
Gross profit
 
42,059
 
 
(457
)
 
41,602
 
Sales and marketing
 
19,901
 
 
(15
)
 
19,886
 
Net loss
 
(11,736
)
 
(442
)
 
(12,178
)