Note 2 - Impact of Recently Issued Accounting Pronouncements (Tables)

9 Months Ended

Sep. 30, 2018

Accounting Standards Updated 2014-09 [Member]

New Accounting Pronouncements Or Change In Accounting Principle [Line Items]

Schedule of Adoption of New Revenue Standard Impacted the Consolidated Financial Statements

The adoption of the new revenue standard impacted the consolidated financial statements as follows:

Income Statement

	For the Three Months Ended September 30, 2018
	As Reported			Effect of Change			Amount Without Adoption of ASC 606
Gross sales	$	104,231		$	1,914		$	102,317
Net revenue		104,618			1,914			102,704
Cost of goods sold		71,893			8,475			63,418
Gross profit		32,725			(6,561	)		39,286
Operating profit		6,632			(6,561	)		13,193
Benefit for income taxes		(15,406	)		(1,558	)		(13,848	)
Income from continuing operations		26,815			(5,003	)		31,818
Net income		26,729			(5,003	)		31,732
Diluted earnings per share from    continuing operations		0.79			(0.15	)		0.94

	For the Nine Months Ended September 30, 2018
	As Reported			Effect of Change		Amount Without Adoption of ASC 606
Gross sales	$	390,575		$	58,182	$	332,393
Net revenue		397,761			58,182		339,579
Cost of goods sold		249,389			33,194		216,195
Gross profit		148,372			24,988		123,384
Operating profit		81,665			24,988		56,677
(Benefit)/provision for income taxes		(872	)		5,076		(5,948	)
Income from continuing operations		91,916			19,912		72,004
Net income		91,206			19,912		71,294
Diluted earnings per share from    continuing operations		2.73			0.59		2.14

Balance Sheet

	September 30, 2018
	As Reported		Effect of Change			Balances Without Adoption of ASC 606
Current Assets
Contract assets	$	112,845	$	112,845		$	-
Inventory		103,648		(66,905	)		170,553
Current Liabilities
Taxes payable		2,727		9,405			(6,678	)
Stockholders' Equity
Retained earnings		537,251		36,131			501,120