Revenue Recognition Revenue Recognition (Tables)

3 Months Ended

6 Months Ended

Jun. 30, 2018

Deferred Revenue Disclosure [Abstract]

The following table presents the impact of ASC 606 on Condensed Consolidated Statements of Income (Unaudited):



	Three Months Ended June 30, 2018
(Dollars in thousands)	As Reported			Service Revenues and Costs Adjustments			Pro-Forma as if Previous Accounting Guidance Was in Effect

Product revenue	$	80,397		$	9,738		$	90,135
Service revenue	9,985			(9,985		)	—
Total revenue	$	90,382		$	(247	)	$	90,135

Product cost of goods sold	$	37,856		$	—		$	37,856
Service costs	3,395			(3,395		)	—
Total cost of goods sold	$	41,251		$	(3,395	)	$	37,856

Gross profit	49,131			3,148			52,279
Gross profit percentage	54.4		%				58.0		%

Selling expenses	22,004			3,078			25,082
General and administrative expenses	21,573			—			21,573
Operating expenses	43,577			3,078			46,655



	Six Months Ended June 30, 2018
(Dollars in thousands)	As Reported			Service Revenues and Costs Adjustments			Pro-Forma as if Previous Accounting Guidance Was in Effect

Product revenue	$	155,367		$	19,402		$	174,769
Service revenue	19,474			(19,474		)	—
Total revenue	$	174,841		$	(72	)	$	174,769

Product cost of goods sold	$	72,688		$	—		$	72,688
Service costs	6,804			(6,804		)	—
Total cost of goods sold	$	79,492		$	(6,804	)	$	72,688

Gross profit	95,349			6,732			102,081
Gross profit percentage	54.5		%				58.4		%

Selling expenses	43,944			6,624			50,568
General and administrative expenses	44,014			—			44,014
Operating expenses	87,958			6,624			94,582

Operating income as reported was $7.39 million whereas pro forma operating income as if previous accounting guidance was in effect would have been $7.50 million.