| The following table presents the effect of the adoption of ASC 606 on the consolidated statement of operations (in thousands): | ||||||||||||||||||
|
Three Months Ended
December 31, |
Twelve Months Ended
December 31, | |||||||||||||||||
| (in thousands, except per share data) | As Reported 606 | Adjustments for ASC 606 | ASC 605 | As Reported 606 | Adjustments for ASC 606 | ASC 605 | ||||||||||||
| Revenue | ||||||||||||||||||
| Software | $ | 79,903 | $ | 883 | $ | 80,786 | $ | 304,361 | $ | (11,317) | $ | 293,044 | ||||||
| Total software | 89,976 | 883 | 90,859 | 341,306 | (11,317) | 329,989 | ||||||||||||
| Total revenue | 103,011 | 883 | 103,894 | 396,379 | (11,317) | 385,062 | ||||||||||||
| Gross profit | 72,740 | 883 | 73,623 | 280,406 | (11,317) | 269,089 | ||||||||||||
| Operating expenses: | ||||||||||||||||||
| Sales and marketing* | 22,427 | (249) | 22,178 | 80,277 | 336 | 80,613 | ||||||||||||
| Total operating expenses | 76,297 | (249) | 76,048 | 255,762 | 336 | 256,098 | ||||||||||||
| Operating income (loss) | (3,557) | 1,132 | (2,425) | 24,644 | (11,653) | 12,991 | ||||||||||||
| Income (loss) before income taxes | (3,131) | 1,132 | (1,999) | 27,024 | (11,653) | 15,371 | ||||||||||||
| Income tax expense | 7,692 | 151 | 7,843 | 13,309 | (837) | 12,472 | ||||||||||||
| Net income (loss) | $ | (10,823) | $ | 981 | $ | (9,842) | $ | 13,715 | $ | (10,816) | $ | 2,899 | ||||||
| Income (loss) per share: | ||||||||||||||||||
| Net income (loss) per share attributable to common stockholders, basic | (0.15) | 0.01 | (0.14) | 0.20 | (0.16) | 0.04 | ||||||||||||
| Net income (loss) per share attributable to common stockholders, diluted | (0.15) | 0.01 | (0.14) | 0.18 | (0.14) | 0.04 | ||||||||||||
Altair Announces Fourth Quarter and Full Year 2018 Financial Results
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