Quarterly report pursuant to Section 13 or 15(d)

Revenues from Contracts with Customers (Tables)

v3.10.0.1
Revenues from Contracts with Customers (Tables)
9 Months Ended
Sep. 30, 2018
Revenue from Contract with Customer [Abstract]  
Impact of adoption of new accounting principle
    Balance as of     ASC 606     Balance as of  
   

December 31,

2017

   

Transition

Adjustment

   

January 1,

2018

 
Assets                  
Prepaid expenses   $ 6,290     $ 2,203     $ 8,493  
Intangible assets, net     68,834       (3,304 )     65,530  
Other non-current assets     877       4,826       5,703  
    $ 76,001     $ 3,725     $ 79,726  
Stockholders' Equity                        
Accumulated deficit   $ (236,477 )   $ 3,725     $ (232,752 )

 

    September 30, 2018    
                Impact of  
    As reported     Previous guidance     Adoption of ASC 606  
Assets                  
Prepaid expenses   $ 11,276     $ 7,443     $ 3,833  
Intangible assets, net     176,465       177,810       (1,345 )
Other non-current assets     32,518       30,204       2,314  
                         
Liabilities                        
Deferred customer revenue     16,440       15,804       636  
                         
Stockholders' Equity                        
Accumulated deficit   $ (282,383 )   $ (276,945 )   $ (5,438 )

 

   

For the three months ended

September 30, 2018

 
                Impact of  
    As reported     Previous guidance     Adoption of ASC 606  
                   
Revenues   $ 143,428     $ 143,899     $ (471 )
Selling, general and administrative     46,788       47,731       (943 )
Depreciation and amortization     19,946       20,231       (285 )
Net Impact   $ 76,694     $ 75,937     $ 757  

 

   

For the nine months ended

September 30, 2018

 
                Impact of  
    As reported     Previous guidance     Adoption of ASC 606  
                   
Revenues   $ 367,142     $ 367,778     $ (636 )
Selling, general and administrative     113,555       114,953       (1,398 )
Depreciation and amortization     51,387       52,059       (672 )
Net Impact   $ 202,200     $ 200,766     $ 1,434  

 

Estimated revenue expected to be recognized in the future related to performance obligations
    Deferred installation     Deferred installation        
    revenue     costs     Net   
                   
remaining 2018   $ 47     $ (910 )   $ (863 )
2019     185       (2,633 )     (2,448 )
2020     185       (1,887 )     (1,702 )
2021     169       (653 )     (484 )
2022 and thereafter     50       (64 )     (14 )
    $ 636     $ (6,147 )   $ (5,511 )
Disaggregation of revenue
   

For the three months ended

September 30,

 
    2018     2017  
Monthly recurring   $ 129,567     $ 94,283  
Usage and other     13,422       17,721  
Installation     439       420  
 Total revenue   $ 143,428     $ 112,424  

 

   

For the nine months ended

September 30,

 
    2018     2017  
Monthly recurring   $ 320,129     $ 294,882  
Usage and other     45,977       48,065  
Installation     1,036       1,220  
 Total revenue   $ 367,142     $ 344,167  

 

   

For the three months ended

September 30,

 
     2018      2017  
United States   $ 121,208     $ 86,917  
Canada     22,220       25,507  
 Total revenue   $ 143,428     $ 112,424  

 

   

For the nine months ended

September 30,

 
    2018     2017  
United States   $ 298,353     $ 271,336  
Canada     68,789       72,831  
 Total revenue   $ 367,142     $ 344,167