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Summary of Significant Accounting Policies (Tables)
3 Months Ended
Mar. 31, 2020
ASU 2018-15 [Member]  
Schedule of Impact of Adoption of ASU 2018-15 on Condensed Consolidated Balance Sheet, Statement of Income and Cash Flows

The following table illustrates the impact of adoption of ASU 2018-15 on the Condensed Consolidated Balance Sheet as of December 31, 2019:

 

 

 

As of December 31, 2019

 

(In thousands)

 

Pre-Adoption

 

 

Effect of Adoption

 

 

As Presented Now

 

Condensed Consolidated Balance Sheet

 

 

 

 

 

 

 

 

 

 

 

 

  Property, plant and equipment, net

 

$

73,708

 

 

$

(5,622

)

 

$

68,086

 

  Other assets

 

$

14,261

 

 

$

5,622

 

 

$

19,883

 

 

The following table illustrates the impact of adoption of ASU 2018-15 on the Condensed Consolidated Statement of Income and Condensed Consolidated Statement of Cash Flows for the three months ended March 31, 2019:

 

 

 

Three Months Ended March 31, 2019

 

(In thousands)

 

Pre-Adoption

 

 

Effect of Adoption

 

 

As Presented Now

 

Condensed Consolidated Statement of Income

 

 

 

 

 

 

 

 

 

 

 

 

  Net income

 

$

770

 

 

$

 

 

$

770

 

Condensed Consolidated Statement of Cash Flows

 

 

 

 

 

 

 

 

 

 

 

 

  Net cash provided by operating activities

 

$

9,712

 

 

$

 

 

$

9,712