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Financial Statement Revisions
 6 Months Ended
Jul. 14, 2018
Prior Period Adjustment [Abstract]  
Financial Statement Revisions

2. FINANCIAL STATEMENT REVISIONS

The company identified an error in reporting the cash flow impacts of certain repurchases and sales of territories.  Cash receipts and payments for the repurchase and sale of territories and cash paid at the issuance of notes receivable were previously reported net when these transactions should have been disaggregated.    The company has evaluated the impact of this error and determined it is not material to previously issued annual and interim financial statements.  These corrections did not impact our previously reported Condensed Consolidated Balance Sheets, Condensed Consolidated Statements of Operations, Condensed Consolidated Statements of Comprehensive Income (Loss), and Condensed Consolidated Statements of Changes in Stockholders’ Equity.

 

The table below presents the revisions to the applicable Condensed Consolidated Statements of Cash Flows line item to correct the errors for the twenty-eight weeks ended July 15, 2017 (amounts in thousands):

 

 

 

Condensed Consolidated Statements of Cash Flows

 

 

 

For the Twenty-Eight Weeks Ended July 15, 2017

 

Impacted Condensed Consolidated Statements of Cash Flows Line Item

 

As Previously

Reported

 

 

Revisions

 

 

As Revised

 

Other assets

 

$

(13,244

)

 

$

16,352

 

 

$

3,108

 

Other accrued liabilities

 

$

23,079

 

 

$

(4,281

)

 

$

18,798

 

Net cash provided by operating activities

 

$

160,896

 

 

$

12,071

 

 

$

172,967

 

Repurchase of independent distributor territories

 

$

(4,110

)

 

$

(577

)

 

$

(4,687

)

Cash paid at issuance of notes receivable

 

$

—

 

 

$

(12,506

)

 

$

(12,506

)

Other investing activities

 

$

56

 

 

$

1,012

 

 

$

1,068

 

Net cash provided by investing activities

 

$

19,853

 

 

$

(12,071

)

 

$

7,782