Correction of an Error (Notes)

6 Months Ended

Jul. 01, 2017

Accounting Changes and Error Corrections [Abstract]

Accounting Changes and Error Corrections [Text Block]

Correction of an Error

The Davey 401KSOP and ESOP Plan includes a put option for the Company’s common shares distributed from the Davey 401KSOP and ESOP Plan. Shares are distributed from the Davey 401KSOP and ESOP Plan to former participants of the plan, their beneficiaries, donees or heirs (each, a “participant”). Since our common shares are not readily tradeable on an established market, participants who receive a distribution of common shares from the Davey 401KSOP and ESOP Plan have two60-day periods in which they may require the Company to purchase the distributed shares at a per share price equal to their fair value. The first 60-day period begins to run upon the distribution of shares by the trustee of the Davey 401KSOP and ESOP Plan; if the participant does not exercise the put option within this period, an additional 60-day period will begin to run on the first anniversary of the date the shares were distributed by the trustee. Once the put option is exercised, the Company is obligated to repurchase the shares for cash. The common shares held by the Davey 401KSOP and ESOP Plan as well as shares distributed from the Davey 401KSOP and ESOP Plan, which remain subject to redemption (collectively the "Davey 401KSOP and ESOP Plan related shares") were previously classified in permanent equity. Due to the Company’s obligation under the put option, the Davey 401KSOP and ESOP Plan related shares are now recorded at fair value and classified as temporary equity in the mezzanine section of the consolidated balance sheets. The effects of the error correction on the consolidated balance sheets are shown below. See Notes L and P. The below amounts also reflect the adjustment related to the stock split described in Note A.

B. Correction of an Error (continued)

						Classification
	As Previously		Effect of			Adjustment
	Reported		Error			Related to			As Restated
	July 1, 2017		Correction			Stock Split			July 1, 2017
Redeemable common shares related to 401KSOP and Employee Stock Ownership Plan (ESOP)	$	—	$	123,169		$	—		$	123,169
Common Shares	42,914		(2,425		)	(4,306		)	36,183
Additional Paid-in Capital	7,899		23,158			21,457			52,514
Retained Earnings	299,521		(143,902		)	(17,151		)	138,468

						Classification
	As Previously		Effect of			Adjustment
	Reported		Error			Related to			As Restated
	December 31, 2016		Correction			Stock Split			December 31, 2016
Redeemable common shares related to 401KSOP and Employee Stock Ownership Plan (ESOP)	$	—	$	124,201		$	—		$	124,201
Common Shares	42,914		(2,751		)	(4,306		)	35,857
Additional Paid-in Capital	2,429		17,740			21,457			41,626
Retained Earnings	290,292		(139,190		)	(17,151		)	133,951