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NEW ACCOUNTING PRONOUNCEMENTS (Tables) | 9 Months Ended
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Sep. 30, 2018
Accounting Changes and Error Corrections [Abstract] |
Schedule of New Accounting Pronouncements and Changes in Accounting Principles [Table Text Block] | The Company recorded a net reduction to opening retained earnings of $10.0 million, net of tax, as of January 1, 2018 due to the cumulative impact of adopting ASC 606, summarized as follows (in thousands):
|  | December 31, |  | Adjustments Due to |  | January 1, |
|  | 2017 |  | ASU 2014-09 |  | 2018 |
Balance Sheet |  |  |  |  |  |  |  |  |  |
Assets |  |  |  |  |  |  |  |  |  |
Prepaids and other current assets |  | $ | 63,668 |  | $ | 10,797 |  | $ | 74,465 |
Deferred tax assets |  |  | 12,012 |  |  | 4,006 |  |  | 16,018 |
Liabilities |  |  |  |  |  |  |  |  |  |
Deferred revenue |  | $ | 21,628 |  |  | 24,785 |  |  | 46,413 |
Equity |  |  |  |  |  |  |  |  |  |
Retained earnings |  | $ | 721,664 |  | $ | (9,982) |  | $ | 711,682 |
The ASC 606 adjustments pertain to the timing of revenue recognition associated with upfront training fees on certain contracts. Revenues and associated costs for reporting periods beginning after January 1, 2018 are recognized and presented in compliance with the provisions of ASC 606. Consistent with the modified retrospective method of adoption, the Company has not adjusted prior period amounts which continue to be reported in accordance with the Company’s historic revenue accounting policy and principles. In accordance with the new revenue standard requirements, the disclosure of the impact of adoption on the Company’s consolidated income statement and balance sheet was as follows (in thousands):
|  | Three Months Ended September 30, 2018 |
|  |  |  | Balances |  |  |
|  |  |  | Without |  |  |
|  |  |  | Adoption of |  | Effect of Change |
|  | As reported |  | ASC 606 |  | Higher/(Lower) |
Statements of Comprehensive Income |  |  |  |  |  |  |  |  |  |
Revenue |  | $ | 364,936 |  | $ | 375,053 |  | $ | (10,117) |
Cost of services |  |  | 286,925 |  |  | 292,980 |  |  | (6,055) |
Provision for income taxes |  |  | 1,893 |  |  | 3,030 |  |  | (1,137) |
Net income |  | $ | 6,744 |  | $ | 9,668 |  | $ | (2,924) |
|  | Nine Months Ended September 30, 2018 |
|  |  |  | Balances |  |  |
|  |  |  | Without |  |  |
|  |  |  | Adoption of |  | Effect of Change |
|  | As reported |  | ASC 606 |  | Higher/(Lower) |
Statements of Comprehensive Income |  |  |  |  |  |  |  |  |  |
Revenue |  | $ | 1,090,038 |  | $ | 1,085,251 |  | $ | 4,787 |
Cost of services |  |  | 844,555 |  |  | 843,623 |  |  | 932 |
Provision for income taxes |  |  | 4,648 |  |  | 3,569 |  |  | 1,079 |
Net income |  | $ | 18,973 |  | $ | 16,198 |  | $ | 2,775 |
|  | As of September 30, 2018 |
|  |  |  | Balances |  |  |
|  |  |  | Without |  |  |
|  |  |  | Adoption of |  | Effect of Change |
|  | As reported |  | ASC 606 |  | Higher/(Lower) |
Balance Sheet |  |  |  |  |  |  |  |  |  |
Assets |  |  |  |  |  |  |  |  |  |
Prepaids and other current assets |  | $ | 86,054 |  | $ | 76,190 |  | $ | 9,864 |
Deferred tax assets |  |  | 22,335 |  |  | 19,432 |  |  | 2,903 |
Liabilities |  |  |  |  |  |  |  |  |  |
Deferred revenue |  | $ | 33,555 |  | $ | 13,555 |  | $ | 20,000 |
Equity |  |  |  |  |  |  |  |  |  |
Retained earnings |  | $ | 705,218 |  | $ | 716,433 |  | $ | (11,215) |

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