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Revenue Recognition (Tables)

9 Months Ended

Dec. 31, 2018

Revenue from Contract with Customer [Abstract]

Reconciliation of Revenue

The effects of this recently adopted accounting pronouncement to our consolidated balance sheet as of April 1, 2018 are as follows:

(In thousands)	Balance March 31, 2018				New Revenue Standard Adjustment				Balance April 1, 2018
Accounts receivable, net	$	140,881			$	5,438			$	146,319
Inventories	118,547				(1,768		)		116,779
Other accrued liabilities	52,101				1,926				54,027
Deferred income tax liabilities	442,518				401				442,919
Retained earnings	736,277				1,343				737,620

The impact of adopting ASC 606 on our Condensed Consolidated Statements of Income and Comprehensive Income is as follows:

	Three Months Ended December 31, 2018												Nine Months Ended December 31, 2018
(In thousands)	As Reported				Impact of Change				Without Adoption of ASC 606				As Reported				Impact of Change				Without Adoption of ASC 606
Total revenues	$	241,414			$	13,618			$	255,032			$	734,751			$	(8,492	)		$	726,259
Cost of sales	$	102,179			$	5,140			$	107,319			$	317,421			$	(3,256	)		$	314,165
Total operating expenses	$	61,694			$	391			$	62,085			$	196,378			$	(188	)		$	196,190
Income before income taxes	$	50,996			$	8,087			$	59,083			$	140,975			$	(5,048	)		$	135,927
Provision (benefit) for income taxes	$	12,829			$	2,038			$	14,867			$	37,501			$	(1,714	)		$	35,787
Net income	$	38,167			$	6,049			$	44,216			$	103,474			$	(3,334	)		$	100,140

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- Definition

Tabular disclosure of changes in accounting principles, including adoption of new accounting pronouncements, that describes the new methods, amount and effects on financial statement line items.

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