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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) | 12 Months Ended
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Dec. 31, 2018
Accounting Policies [Abstract] |
Summary of Impact of Adoption of New Accounting Standard | The cumulative effect of the changes made to our January 1, 2018 balance sheet for adoption of the new standard were as follows:
|  | Balance as of December 31, 2017 |  |  | Adjustments Due to Adoption of Topic 606 |  |  | Balance as of January 1, 2018 |
Assets |  | In thousands |
Deferred contract costs, prepaid expenses and other current assets |  | $ | 37,772 |  |  | $ | (9,846 | ) |  | $ | 27,926 |
Total current assets |  |  | 166,813 |  |  |  | (9,846 | ) |  |  | 156,967 |
Total assets |  |  | 187,044 |  |  |  | (9,846 | ) |  |  | 177,198 |
Liabilities |  |  |  |  |  |  |  |  |  |  |  |
Deferred Revenue |  |  | 7,286 |  |  |  | (2,543 | ) |  |  | 4,743 |
Customer Advance |  |  | 21,828 |  |  |  | (15,223 | ) |  |  | 6,605 |
Total current liabilities |  |  | 88,264 |  |  |  | (18,409 | ) |  |  | 69,855 |
Deferred income tax liability |  |  | — |  |  |  | — |  |  |  | — |
Total Liabilities |  |  | 96,052 |  |  |  | (18,409 | ) |  |  | 77,643 |
Stockholders' Equity |  |  |  |  |  |  |  |  |  |  |  |
Accumulated earnings |  |  | (1,226,173 | ) |  |  | 8,563 |  |  |  | (1,217,610 | )
Total stockholders' equity |  |  | 90,992 |  |  |  | 8,563 |  |  |  | 99,555 |
Total liabilities and stockholders' equity |  | $ | 187,044 |  |  | $ | (9,846 | ) |  | $ | 177,198 |
In accordance with the requirements of the new standard, the disclosure for the quantitative effect and the significant changes between the reported results under the new standard and those that would have been reported under legacy GAAP (i.e., ASC 605) on our consolidated income statement and balance sheet was as follows:
|  | For the Twelve Months Ended December 31, 2018 |
|  | As Reported -ASC 606 |  |  | Balances Without Adoption of ASC 606 |  |  | Effect of Change Higher/(Lower) |
|  | In thousands |
Income Statement |  |  |  |  |  |  |  |  |  |  |  |
Revenue |  | $ | 115,944 |  |  | $ | 60,438 |  |  | $ | 55,506 |
Cost of Net Sales |  |  | 83,676 |  |  |  | 32,409 |  |  |  | 51,267 |
Gross Profit |  |  | 32,268 |  |  |  | 28,029 |  |  |  | 4,239 |
Net income |  | $ | 4,820 |  |  | $ | 581 |  |  | $ | 4,239 |
|  | As of December 31, 2018 |
|  | As Reported -ASC 606 |  |  | Balances Without Adoption of ASC 606 |  |  | Effect of Change Higher/(Lower) |
|  | In thousands |
Balance Sheet |  |  |  |  |  |  |  |  |  |  |  |
Assets |  |  |  |  |  |  |  |  |  |  |  |
Accounts receivable |  | $ | 60,666 |  |  | $ | 31,060 |  |  | $ | (29,606 | )
Deferred contract costs, prepaid expenses and other current assets |  | $ | 21,853 |  |  | $ | 73,120 |  |  | $ | 51,267 |
Liabilities |  |  |  |  |  |  |  |  |  |  |  |
Customer advances |  |  | 561 |  |  |  | 26,582 |  |  |  | (26,021 | )
Deferred Revenue |  |  | 3,947 |  |  |  | 3,826 |  |  |  | 121 |
Stockholders' Equity |  |  |  |  |  |  |  |  |  |  |  |
Accumulated earnings |  | $ | (1,212,790 | ) |  | $ | (1,217,029 | ) |  | $ | 4,239 |
Schedule of useful lives of property, plant and equipment |
|  | Years
Equipment and furniture |  | 5
Computers and software |  | 2 - 3
Automobiles |  | 5
Leasehold improvements |  | Lesser of the lease term or estimated useful life
Schedule of changes in AOCI, including the amounts reclassified to income |
|  | Foreign currency |
|  | translation and |
|  | unrealized gains |
|  | (losses), net |
|  | of tax |
|  | (in thousands) |
Balance at December 31, 2016 |  | $ | 62,002 |
Unrecognized gain on foreign currency translation |  |  | 2,112 |
Gain reclassified from AOCI to income |  |  | (1,703 | )
Balance at December 31, 2017 |  | $ | 62,411 |
Unrecognized loss on foreign currency translation |  |  | (839 | )
Gain reclassified from AOCI to income |  |  | — |
Balance at December 31, 2018 |  | $ | 61,572 |
Summary of the total potential ordinary shares that were excluded from the diluted per share calculation |
|  | Years ended December 31, |
|  | 2018 |  | 2017 |  | 2016 |
|  | (in thousands) |
Anti-dilutive stock options and awards/units outstanding |  | — |  | — |  |  | 605 |
Total(1) |  | — |  | — |  |  | 605 |
Schedule of diluted earnings per share | After the dilution, the diluted earnings per share during the years ended December 31, 2018 and 2017 were as follows.
|  | 2018 |  |  | 2017 |
|  | (in thousands, except per |
|  | shares amounts) |
Net Income attributable to UTStarcom Holdings Corp. |  | $ | 4,820 |  |  | $ | 6,981 |
Weighted average shares outstanding—Diluted |  |  | 36,319 |  |  |  | 36,176 |
Net Income per shares attributable to UTStarcom Holdings Corp.—Diluted |  | $ | 0.13 |  |  | $ | 0.19 |

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