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)
6 Months Ended
Jun. 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 )

 

The following table summarizes the current impacts associated with the adoption of ASC 606 on the accompanying condensed consolidated balance sheet and statement of operations and comprehensive loss (in thousands): 

 

    June 30, 2018      
                Impact of  
    As reported     Previous guidance     Adoption of ASC 606  
Assets                  
Prepaid expenses   $ 10,443     $ 8,226     $ 2,217  
Intangible assets, net     183,826       189,020       (5,194 )
Other non-current assets     33,462       30,485       2,977  
                         
Liabilities                        
Deferred customer revenue     (16,030 )     (15,864)       (166 )
                         
Stockholders' Equity                        
Accumulated deficit     (264,752 )     (264,586 )     (166 )

 

Amortization of deferred commissions was $0.5 million and $0.9 million for the three and six months ended June 30, 2018, respectively. 

 

    For the three months ended June 30, 2018  
                Impact of  
    As reported     Previous guidance     Adoption of ASC 606  
                   
Revenues   $ 120,803     $ 120,968     $ (165 )
Selling, general and administrative     43,001       43,668       667  
Net Impact   $ 77,802     $ 77,300     $ 502

 

    For the six months ended June 30, 2018  
                Impact of  
    As reported     Previous guidance     Adoption of ASC 606  
                   
Revenues   $ 223,714     $ 223,879     $ (165 )
Selling, general and administrative     66,767       67,852       (1,085)  
Net Impact   $ 156,947     $ 156,027     $ (920 )

 

 

Estimated revenue expected to be recognized in the future related to performance obligations
    Deferred installation     Deferred installation        
    revenue     costs     Net   
                   
remaining 2018   $ 21     $ (887 )   $ (866 )
2019     33       (1,490 )     (1,457 )
2020     28       (949 )     (921 )
2021     28       (179 )     (151 )
2022 and thereafter     11       (18 )     (7 )
    $ 121     $ (3,523 )   $ (3,402 )
Disaggregation of revenue
    For the three months ended June 30,  
    2018     2017  
Monthly recurring   $ 104,651     $ 100,388  
Usage and other     15,892       15,915  
Installation     260       374  
 Total revenue   $ 120,803     $ 116,677  

 

    For the six months ended June 30,  
    2018     2017  
Monthly recurring   $ 190,562     $ 200,599  
Usage and other     32,555       30,344  
Installation     597       800  
 Total revenue   $ 223,714     $ 231,743  

 

    For the three months ended June 30,  
     2018      2017  
United States   $ 97,302     $ 89,900  
Canada     23,501       26,777  
 Total revenue   $ 120,803     $ 116,677  

 

    For the six months ended June 30,  
    2018     2017  
United States   $ 176,390     $ 204,966  
Canada     47,324       26,777  
 Total revenue   $ 223,714     $ 231,743