Revenue Recognition (Tables)

9 Months Ended

Sep. 30, 2018

	September 30, 2018		December 31, 2017
Total receivables, net	$	137,328	$	109,605
Contract assets		3,000		—
Deferred revenue		609		14,574

Accounting Standards Update 2014-09

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 Sept 30, 2018				Nine Months Ended Sept 30, 2018
	As reported		Without adoption of ASC 606		As reported		Without adoption of ASC 606
Net sales:
Crop:
Insecticides	$	25,475	$	25,481	$	99,433	$	99,463
Herbicides/soil fumigants/fungicides		34,577		34,577		98,163		98,163
Other, including plant growth regulators and distribution		35,302		35,302		83,519		83,519
		95,354		95,360		281,115		281,145
Non-crop, including distribution		16,426		16,426		41,819		41,819
Total net sales:	$	111,780	$	111,786	$	322,934	$	322,964
Net sales:
US	$	71,711	$	71,717	$	205,889	$	205,919
International		40,069		40,069		117,045		117,045
Total net sales:	$	111,780	$	111,786	$	322,934	$	322,964
Timing of revenue recognition:
Goods transferred at a point in time	$	111,675	$	111,786	$	322,266	$	322,964
Goods and services transferred over time		105		—		668		—
Total net sales:	$	111,780	$	111,786	$	322,934	$	322,964

Summary of Impact of Adoption of ASC 606 to Condensed Consolidated Balance Sheets

The following table presents the effect of the adoption of ASC 606 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 sheets was as follows:

	As of September 30, 2018
	As reported		Balances without adoption of ASC 606		Impact
Assets:
Contract assets	$	3,000	$	—	$	3,000
Current liabilities:
Deferred revenue		609		550		59
Deferred income tax liabilities		786		—		786
Stockholders' equity:
Retained earnings		256,005		253,791		2,214