Quarterly report pursuant to Section 13 or 15(d)

Summary of Significant Accounting Policies (Tables)

v3.8.0.1
Summary of Significant Accounting Policies (Tables)
3 Months Ended
Mar. 31, 2018
Accounting Policies [Abstract]  
Schedule of New Accounting Pronouncements and Changes in Accounting Principles
 
Balance at
December 31, 2017
 
Adjustments due
to ASU 2014-09
 
Balance at
January 1, 2018
 
(in thousands)
Assets
 
 
 
 
 
Accounts receivable, less allowance for doubtful accounts
$
124,505

 
$
(7,925
)
 
$
116,580

Other current assets
6,622

 
2,771

 
9,393

Deferred tax assets, net
44,887

 
(780
)
 
44,107

Other assets
11,010

 
4,459

 
15,469

Liabilities
 
 
 
 
 
Current portion of deferred revenue
116,622

 
(3,696
)
 
112,926

Stockholders’ Equity
 
 
 
 
 
Accumulated deficit
(75,046
)
 
2,221

 
(72,825
)
The effects of those adjustments to the Condensed Consolidated Statements of Cash Flows have been summarized in the table below:
 
Originally Reported
 
Effect of Change
 
As Adjusted
 
(in thousands)
Statement of Cash Flows for the three months ended March 31, 2017
 
 
 
 
 
Net cash provided by operating activities
$
34,207

 
$
12,776

 
$
46,983

Cash, cash equivalents and restricted cash at end of period
59,516

 
96,430

 
155,946

In accordance with the new revenue standard requirements, the following tables summarize the effects of this new standard on selected unaudited line items within our Condensed Consolidated Statement of Operations and Balance Sheet:
 
Three Months Ended March 31, 2018
 
As reported
 
Balances without adoption of ASU 2014-09
 
Effect of Change on Net Income
Higher/(Lower)
 
(in thousands)
Revenue
 
 
 
 
 
On demand
$
193,300

 
$
193,455

 
$
(155
)
Professional and other
8,001

 
7,419

 
582

Total revenue
$
201,301

 
$
200,874

 
$
427

Operating expenses
 
 
 
 
 
Sales and marketing
$
50,241

 
$
52,101

 
$
1,860

Net income
10,901

 
8,614

 
2,287

 
Balances at March 31, 2018 - as reported
 
Balances at March 31, 2018 without adoption of ASU 2014-09
 
Effect of Change
Higher/(Lower)
 
(in thousands)
Assets
 
 
 
 
 
Accounts receivable, less allowance for doubtful accounts
$
101,005

 
$
109,266

 
$
(8,261
)
Other current assets
9,838

 
6,201

 
3,637

Other assets
19,533

 
14,114

 
5,419

Liabilities
 
 
 
 
 
Current portion of deferred revenue
109,965

 
110,305

 
(340
)
Deferred revenue
5,457

 
5,457