XML 35 R13.htm IDEA: XBRL DOCUMENT v3.6.0.2
Financial Statement Revisions
 12 Months Ended
Dec. 31, 2016
Prior Period Adjustment [Abstract]  
Financial Statement Revisions

Note 4.

Financial Statement Revisions

 

During the fourth quarter of fiscal 2016, we revised our previously reported Consolidated Statements of Cash Flows for fiscal years 2015 and 2014.  Historically, certain immaterial amounts for presenting payments received from notes receivable, payments for the repurchase of territories, and non-cash issuance of notes receivable were presented incorrectly.  The company reported non-cash amounts as payments from notes receivable and payments for the repurchase of territories that should have been disclosed as non-cash transactions.  The error impacted the Statement of Cash Flows for fiscal years 2015 and 2014 and each of the interim periods in those years.  The error also impacted the first, second, and third quarters of fiscal year 2016.  These corrections did not impact our previously reported Consolidated Balance Sheets, Consolidated Statements of Income, Consolidated Statements of Comprehensive Income, and Consolidated Statements of Changes in Stockholders’ Equity.

 

The tables below present the revisions to the applicable Consolidated Statements of Cash Flows line item to correct the errors for all periods presented (amounts in thousands):

 

 

 

Fiscal 2015

 

Impacted Consolidated Cash Flow Statement line item

 

As Previously

Reported

 

 

Revisions

 

 

As Revised

 

Other assets

 

$

(7,133

)

 

$

(5,766

)

 

$

(12,899

)

Other accrued liabilities

 

$

4,670

 

 

$

(166

)

 

$

4,504

 

Net cash provided by operating activities

 

$

324,233

 

 

$

(5,932

)

 

$

318,301

 

Repurchase of independent distributor territories

 

$

(21,866

)

 

$

8,098

 

 

$

(13,768

)

Principal payments from notes receivable

 

$

26,028

 

 

$

(3,005

)

 

$

23,023

 

Other investing activities

 

$

—

 

 

$

839

 

 

$

839

 

Net cash disbursed for investing activities

 

$

(467,508

)

 

$

5,932

 

 

$

(461,576

)

Issuance of notes receivable on new distribution territories, net

 

$

18,744

 

 

$

(3,005

)

 

$

15,739

 

Distributor routes sold with gains recognized as deferred income, net

 

$

—

 

 

$

166

 

 

$

166

 

 

 

 

Fiscal 2014

 

Impacted Consolidated Cash Flow Statement line item

 

As Previously

Reported

 

 

Revisions

 

 

As Revised

 

Other assets

 

$

(23,993

)

 

$

12,656

 

 

$

(11,337

)

Other accrued liabilities

 

$

(6,552

)

 

$

(11,443

)

 

$

(17,995

)

Net cash provided by operating activities

 

$

313,970

 

 

$

1,213

 

 

$

315,183

 

Repurchase of independent distributor territories

 

$

(17,056

)

 

$

858

 

 

$

(16,198

)

Principal payments from notes receivable

 

$

23,718

 

 

$

(2,615

)

 

$

21,103

 

Other investing activities

 

$

—

 

 

$

544

 

 

$

544

 

Net cash disbursed for investing activities

 

$

(33,313

)

 

$

(1,213

)

 

$

(34,526

)

Issuance of notes receivable on new distribution territories, net

 

$

44,346

 

 

$

(2,615

)

 

$

41,731

 

Distributor routes sold with gains recognized as deferred income, net

 

$

—

 

 

$

11,443

 

 

$

11,443