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ASC 606 Adoption Impact and Revenue from Contracts with Customers (Tables)

6 Months Ended

Jun. 30, 2018

Revenue from Contract with Customer [Abstract]

Schedule of Impacts from New Accounting Pronouncements

Select condensed consolidated balance sheet line items, which reflects the adoption impact of the new standard, are as follows:

		June 30, 2018
(in thousands)		As Reported				Balances without adoption of ASC 606				Effect of Change Higher (Lower)
Assets:
Accounts receivable, net		$	20,167			$	20,064			$	103
Prepaid expenses and other current assets		8,437				8,075				362
Deferred contract acquisition costs		26,476				—				26,476
Liabilities:
Deferred revenue - current		14,750				16,002				(1,252		)
Shareholders’ Equity:
Accumulated deficit		(153,925		)		(182,118		)		28,193

Select condensed consolidated statement of operations line items, which reflects the adoption of the new standard, are as follows:

		Three Months Ended June 30, 2018
(in thousands, except per share amounts)		As Reported				Balances without adoption of ASC 606				Effect of Change Higher (Lower)
Revenue		$	61,120			$	60,772			$	348
Cost of revenue		24,814				24,668				146
Gross profit		36,306				36,104				202
Sales and marketing		17,912				19,588				(1,676		)
Income (loss) from operations		194				(1,684		)		1,878
Net loss		(2,042		)		(3,920		)		1,878
Basic and diluted net loss per share		$	(0.04	)		$	(0.07	)		$	0.03

		Six months ended June 30, 2018
(in thousands, except per share amounts)		As Reported				Balances without adoption of ASC 606				Effect of Change Higher (Lower)
Revenue		$	120,025			$	118,924			$	1,101
Cost of revenue		49,516				49,125				391
Gross profit		70,509				69,799				710
Sales and marketing		35,390				38,728				(3,338		)
Income (loss) from operations		44				(4,004		)		4,048
Net loss		(2,649		)		(6,697		)		4,048
Basic and diluted net loss per share		$	(0.05	)		$	(0.12	)		$	0.07

Select condensed consolidated cash flow line items, which reflects the adoption of the new standard, are as follows:

		Six months ended June 30, 2018
(in thousands)		As Reported				Balances without adoption of ASC 606				Effect of Change Higher (Lower)
Accounts receivable		$	(1,114	)		$	(1,011	)		$	(103	)
Prepaid expenses and other current assets		(3,140		)		(2,778		)		(362		)
Deferred contract acquisition costs		(3,338		)		—				(3,338		)
Deferred revenue		1,170				2,422				(1,252		)
Net cash provided by operating activities		13,708				13,708				—

Schedule of Contract with Customer, Asset and Liability

The following table provides information about accounts receivable, net, deferred contract acquisition costs, contract assets and contract liabilities from contracts with customers (in thousands):

		June 30, 2018				January 1, 2018
Accounts receivable, net		$	20,167			$	19,151
Deferred contract acquisition costs:
Current		$	8,083			$	7,059
Non-current		18,393				16,079
Total deferred contract acquisition costs		$	26,476			$	23,138
Contract assets and contract liabilities:
Contract assets (included in prepaid expenses and other current assets)		$	991			$	736
Contract liabilities (deferred revenue)		14,750				13,568
Net contract assets (liabilities)		$	(13,759	)		$	(12,832	)

X

- Definition

Tabular disclosure of contract balances and changes in contract balances.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=109196051&loc=SL49130551-203045

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X

- 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.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22499-107794

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
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-URI http://asc.fasb.org/extlink&oid=109236672&loc=d3e765-108305

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 270
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-Section S99
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-Subparagraph (SX 210.10-01.(b)(6))
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-SubTopic 10
-Section 50
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