Impact of Revisions To Prior issued Financial Statements |
The accompanying unaudited consolidated statement of operations for the nine months ended March 31, 2014 has been corrected for the errors described above. The following table presents the impact of these corrections: | | | | | | | | | | | | | | Consolidated Statement of Operations Data | | Nine Months Ended March 31, 2014 | (In thousands) | | As Previously Reported | | Adjustments | | As Corrected | Net sales | | $ | 395,312 |
| | $ | 2,871 |
| | $ | 398,183 |
| Cost of goods sold | | 242,612 |
| | 5,140 |
| | 247,752 |
| Gross profit | | 152,700 |
| | (2,269 | ) | | 150,431 |
| Selling expenses | | 118,487 |
| | (959 | ) | | 117,528 |
| General and administrative expenses | | 27,637 |
| | (1,310 | ) | | 26,327 |
| Net gains from sales of assets | | (13 | ) | | — |
| | (13 | ) | Operating expenses | | 146,111 |
| | (2,269 | ) | | 143,842 |
| Income from operations | | 6,589 |
| | — |
| | 6,589 |
| Other income (expense): | | | | | | | Dividend income | | 802 |
| | — |
| | 802 |
| Interest income | | 332 |
| | — |
| | 332 |
| Interest expense | | (1,042 | ) | | — |
| | (1,042 | ) | Other, net | | 3,244 |
| | — |
| | 3,244 |
| Total other income | | 3,336 |
| | — |
| | 3,336 |
| Income before taxes | | 9,925 |
| | — |
| | 9,925 |
| Income tax expense | | 904 |
| | — |
| | 904 |
| Net income | | $ | 9,021 |
| | $ | — |
| | $ | 9,021 |
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