Annual report pursuant to Section 13 and 15(d)

Revenue Recognition (Tables)

v3.19.1
Revenue Recognition (Tables)
12 Months Ended
Dec. 31, 2018
Summary of disaggregation of revenue according to revenue type

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net sales:

 

Year ended December 31,

 

 

2018

    

2017

    

2016

Hardware, software and other products

 

$

164,870

 

$

143,920

 

$

148,949

Software - security & highly interdependent with support

 

 

6,527

 

 

5,939

 

 

4,916

Maintenance, support & other services

 

 

10,047

 

 

10,708

 

 

10,744

Net sales

 

$

181,444

 

$

160,567

 

$

164,609

 

ASU 2014-09  
Schedule of impact on adoption of standard

The tables below present historical information adjusted as if the standard had been adopted on January 1, 2016 for all periods presented. The effect of these changes for each quarter of 2017 is presented in Note 11.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year ended December 31, 2017

 

Year ended December 31, 2016

 

 

As

 

Impact

 

As

 

As

 

Impact

 

As

 

 

Reported

 

of Adoption

 

 

Adjusted

 

 

Reported

 

of Adoption

 

 

Adjusted

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

       Net sales

 

$

449,379

 

$

(288,812)

 

$

160,567

 

 

$

418,131

 

$

(253,522)

 

$

164,609

        Cost of sales

 

 

422,303

 

 

(288,812)

 

 

133,491

 

 

 

390,800

 

 

(253,522)

 

 

137,278

        Gross profit

 

$

27,076

 

$

 —

 

$

27,076

 

 

$

27,331

 

$

 —

 

$

27,331

The following table presents the effect from the adoption of ASC 606 on the consolidated balance sheet.

 

 

 

 

 

 

 

 

 

 

 

 

As of December 31, 2017

 

 

As

 

Impact

 

As

 

 

Reported

 

of Adoption

 

 

Adjusted

Assets:

 

 

 

 

 

 

 

 

 

Accounts receivable, net of allowances

 

$

76,937

 

$

1,240

 

$

78,177

Prepaid expenses and other current assets

 

$

553

 

$

1,165

 

$

1,718

 

 

 

 

 

 

 

 

 

 

Liabilities:

 

 

 

 

 

 

 

 

 

Accounts payable and accrued expenses

 

$

62,792

 

$

2,405

 

$

65,197