XML 39 R26.htm IDEA: XBRL DOCUMENT v3.10.0.1
New Accounting Pronouncements (Tables)
 9 Months Ended
Sep. 30, 2018
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]  
Schedule of Adoption of ASC 606
 
 
Nine Months Ended September 30, 2018
 
 
As Reported
 
Adjustments
 
Adjusted to Exclude Adoption of ASC 606
Revenue - Services
 
$
1,082,541

 
$
39,176

 
$
1,121,717

Costs of services sold
 
$
735,110

 
$
48,083

 
$
783,193

Operating profit (loss)
 
$
18,757

 
$
(8,907
)
 
$
9,850

Net loss attributable to MDC Partners, Inc. common shareholders
 
$
(48,339
)
 
$
(6,085
)
 
$
(54,424
)
Loss per common share - basic and diluted
 
$
(0.85
)
 
$
(0.10
)
 
$
(0.95
)
The following table summarizes the impact of adoption of ASC 606 on the unaudited condensed consolidated statement of operations during the three and nine months ended September 30, 2018:
 
 
Three Months Ended September 30, 2018
 
 
As Reported
 
Adjustments
 
Adjusted to Exclude Adoption of ASC 606
Revenue - Services
 
$
375,830

 
$
8,172

 
$
384,002

Costs of services sold
 
$
238,690

 
$
14,122

 
$
252,812

Operating profit (loss)
 
$
2,618

 
$
(5,950
)
 
$
(3,332
)
Net loss attributable to MDC Partners, Inc. common shareholders
 
$
(18,234
)
 
$
(4,700
)
 
$
(22,934
)
Loss per common share - basic and diluted
 
$
(0.32
)
 
$
(0.08
)
 
$
(0.40
)