The following tables summarize the impacts of adopting the new revenue recognition guidance on certain components of the Company’s consolidated financial statements as of and for the three months ended March 31, 2018 (in thousands):

a) Consolidated Balance Sheet Items


	As reported		Adjustments			Balances without adoption of Topic 606
Accounts receivable, net	$	41,634	$	(74	)	$	41,560
Inventories, net		38,959		(44	)		38,915
Total assets		173,630		(118	)		173,512
Income taxes payable		298		(7	)		291
Deferred revenue		2,769		4,073			6,842
Sales allowances		384		(301	)		83
Total liabilities		27,275		3,765			31,040
Retained earnings		101,218		(3,883	)		97,335
Total equity		146,355		(3,883	)		142,472
Total liabilities and equity		173,630		(118	)		173,512

b) Consolidated Statement of Operations Items


	As reported		Adjustments			Balances without adoption of Topic 606
Net revenues	$	65,269	$	(804	)	$	64,465
Cost of revenues		35,058		(584	)		34,474

Gross margin		30,211		(220	)		29,991
Income (loss) before income taxes		4,116		(220	)		3,896
Provision for income taxes		134		(7	)		127
Consolidated net income (loss)		3,982		(213	)		3,769
Net income (loss) attributable to Vicor Corporation		3,943		(213	)		3,730