New Accounting Pronouncements (Tables)

3 Months Ended

Mar. 31, 2018

Accounting Changes And Error Corrections [Abstract]

Schedule of Reconciliation of Cash, Cash Equivalents and Restricted Cash Reported Accompanying Consolidated Balance Sheets

The following table provides a reconciliation of cash, cash equivalents and restricted cash as reported in the accompanying Consolidated Balance Sheets that sum to the total of the same such amount shown in the accompanying Consolidated Statements of Cash Flows (in thousands):

	March 31,		March 31,
	2018		2017
Cash and cash equivalents	$	295	$	2,424
Restricted cash		29,773		26,651
Total cash, cash equivalents and restricted cash	$	30,068	$	29,075

Summary of Impact of Adopting New Accounting Standards on Consolidated Financial Statements

The cumulative effect of the changes made to our consolidated January 1, 2018 balance sheet was as follows (in thousands):

	Balance at				Balance at
	December 31,		Adjustments due to		January 1,
Balance Sheet	2017		Topic 606		2018
ASSETS
Accounts receivable, net	$	188,300	$	9,446	$	197,746
Other current assets		259,873		80		259,953
Other non-current assets		728,058		728		728,786
Total assets	$	1,176,231	$	10,254	$	1,186,485
LIABILITIES
Accounts payable		51,375		6,281		57,656
Accrued personnel costs		45,264		595		45,859
Other current liabilities		237,607		113		237,720
Deferred income taxes, net		3,339		631		3,970
Other non-current liabilities		307,767		1,012		308,779
Total liabilities		645,352		8,632		653,984
STOCKHOLDERS' EQUITY
Retained earnings		345,302		1,622		346,924
Other stockholders' equity		185,577		—		185,577
Total stockholders' equity		530,879		1,622		532,501
Total liabilities and stockholders' equity	$	1,176,231	$	10,254	$	1,186,485

The following tables summarize the impact of adopting Topic 606 on our consolidated financial statements for the first quarter of 2018 (in thousands):

						Balances without
First Quarter 2018 Balance Sheet	As reported		Adjustments			adoption of Topic 606
ASSETS
Accounts receivable, net	$	261,336	$	(12,623	)	$	248,713
Other current assets		202,226		(80	)		202,146
Other non-current assets		750,791		(707	)		750,084
Total assets	$	1,214,353	$	(13,410	)	$	1,200,943
LIABILITIES
Accounts payable	$	63,157	$	(8,990	)	$	54,167
Accrued personnel costs		30,790		(646	)		30,144
Other current liabilities		194,394		(115	)		194,279
Deferred income taxes, net		2,791		(745	)		2,046
Other non-current liabilities		351,605		(981	)		350,624
Total liabilities		642,737		(11,477	)		631,260
STOCKHOLDERS' EQUITY
Retained earnings		382,775		(1,933	)		380,842
Other stockholders' equity		188,841		—			188,841
Total shareholders' equity		571,616		(1,933	)		569,683
Total liabilities and stockholders' equity	$	1,214,353	$	(13,410	)	$	1,200,943

							Balances without
First Quarter 2018 Income Statement	As reported			Adjustments			adoption of Topic 606
Revenue	$	266,090		$	(498	)	$	265,592
Operating expenses		204,750			(73	)		204,677
Gross margin		61,340			(425	)		60,915
Corporate general and administrative expenses		10,028			—			10,028
Operating income		51,312			(425	)		50,887
Other (expense) income:
Interest expense		(1,780	)		—			(1,780	)
Gain on sale of operations, net		663			—			663
Other expense, net		(1,229	)		—			(1,229	)
Total other expense, net		(2,346	)		—			(2,346	)
Income from continuing operations before income tax expense		48,966			(425	)		48,541
Income tax expense		13,156			(114	)		13,042
Income from continuing operations		35,810			(311	)		35,499
Gain from discontinued operations, net of tax		41			—			41
Net income	$	35,851		$	(311	)	$	35,540

							Balances without
First Quarter 2018 Cash Flow Statement	As reported			Adjustments			adoption of Topic 606
Cash flows from operating activities:
Net income	$	35,851		$	(311	)	$	35,540
Adjustments to reconcile net income to net cash provided by operating activities:		7,906			—			7,906
Changes in assets and liabilities, net of acquisitions and divestitures:								—
Accounts receivable, net		(64,111	)		3,177			(60,934	)
Other assets		(2,571	)		(22	)		(2,593	)
Accounts payable		5,501			(2,708	)		2,793
Accrued personnel costs		(15,262	)		(51	)		(15,313	)
Other liabilities		(3,366	)		(85	)		(3,451	)
Other		15,413			—			15,413
Operating cash flows used in continuing operations		(20,639	)		—			(20,639	)
Operating cash flows provided by discontinued operations		139			—			139
Net cash used in operating activities		(20,500	)		—			(20,500	)
Net provided by investing activities		37,455			—			37,455
Net cash used in financing activities		(20,296	)		—			(20,296	)
Net decrease in cash, cash equivalents and restricted cash		(3,341	)		—			(3,341	)
Cash, cash equivalents and restricted cash at beginning of year		33,409			—			33,409
Cash, cash equivalents and restricted cash at end of period	$	30,068			—		$	30,068