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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

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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