Revenue Recognition Revenue Recognition (Tables)

9 Months Ended

Sep. 30, 2018

Disaggregation of Revenue [Line Items]



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

Product revenue	$	233,744		$	29,609		$	263,353
Service revenue	29,627			(29,627		)	—
Total revenue	$	263,371		$	(18	)	$	263,353

Product cost of goods sold	$	109,667		$	—		$	109,667
Service costs	10,247			(10,247		)	—
Total cost of goods sold	$	119,914		$	(10,247	)	$	109,667

Gross profit	143,457			10,229			153,686
Gross profit percentage	54.5		%				58.4		%

Selling expenses	66,119			10,092			76,211
General and administrative expenses	72,213			—			72,213
Operating expenses	138,332			10,092			148,424

Operating income as reported was $5.13 million whereas pro forma operating income as if previous accounting guidance was in effect would have been $5.26 million.

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



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

Product revenue	$	78,377		$	10,207		$	88,584
Service revenue	10,153			(10,153		)	—
Total revenue	$	88,530		$	54		$	88,584

Product cost of goods sold	$	36,979		$	—		$	36,979
Service costs	3,443			(3,443		)	—
Total cost of goods sold	$	40,422		$	(3,443	)	$	36,979

Gross profit	48,108			3,497			51,605
Gross profit percentage	54.3		%				58.3		%

Selling expenses	22,175			3,468			25,643
General and administrative expenses	28,199			—			28,199
Operating expenses	50,374			3,468			53,842

Operating loss as reported was $2.27 million whereas pro forma operating loss as if previous accounting guidance was in effect would have been $2.24 million.