New Accounting Pronouncements (Tables)

3 Months Ended

Mar. 31, 2018

Accounting Standards Update 2014-09

Impact of Adoption of Topic 606 to Condensed Consolidated Statements of Operations and Balance Sheet

In accordance with Topic 606, the impact of adoption as compared to the prior guidance on the Company’s Condensed Consolidated Statements of Operations was an increase of $5.2 million in total net sales and increase of $1.2 million in total gross profit for the three months ended March 31, 2018. Additionally, the impact of adoption as compared to the prior guidance was a decrease of $67.6 million in inventories, decrease of $80.7 million in accrued liabilities and increase of $14.0 million in stockholders' equity at March 31, 2018. No other financial statement line item was materially impacted.