Revenue Recognition (Tables)

3 Months Ended

Mar. 31, 2018

Summary of Selective Enterprise Information of Sales Disaggregated By Category and Geographic Region

Selective enterprise information of sales disaggregated by category and geographic region is as follows:

	Three Months Ended March 31, 2018
	As reported		Without adoption of ASC 606
Net sales:
Crop:
Insecticides	$	41,293	$	41,317
Herbicides/soil fumigants/fungicides		32,185		32,185
Other, including plant growth regulators and distribution		17,840		17,840
		91,318		91,342
Non-crop, including distribution		12,790		12,790
Total net sales:	$	104,108	$	104,132
Net sales:
US	$	69,815	$	69,839
International		34,293		34,293
Total net sales:	$	104,108	$	104,132
Timing of revenue recognition:
Goods transferred at a point in time	$	103,705	$	104,132
Goods and services transferred over time		403		—
Total net sales:	$	104,108	$	104,132

Summary of Receivables and Contract Liabilities from Contracts with Customers

The following table provides information about receivables and contract liabilities from contracts with customers:

	March 31, 2018		December 31, 2017
Total receivables, net	$	122,403	$	109,605
Contract assets		3,000		—
Deferred revenue		11,858		14,574

Accounting Standards Update 2014-09

Summary of Impact of Adoption to Condensed Consolidated Balance Sheet

The following table presents the effect of the adoption of ASU 2014-09 on our condensed consolidated balance sheet (unaudited) as of December 31, 2017, (in thousands):

	As of December 31, 2017
	As previously reported		Adjustment due to adoption of ASC 606		As adjusted
Total assets	$	535,592	$	3,000	$	538,592
Deferred income tax liabilities, net		16,284		786		17,070
Retained earnings		238,953		2,214		241,167

In accordance with ASC 606, the disclosure of the impact of adoption to our condensed consolidated balance sheet was as follows:

	As of March 31, 2018
	As reported		Balances without adoption of ASC 606		Impact
Assets:
Contract assets	$	3,000	$	—	$	3,000
Current liabilities:
Deferred revenue		11,858		11,834		24
Deferred income tax liabilities		786		—		786
Stockholders' equity:
Retained earnings		245,056		242,842		2,214