Note 3 - Impact of Recently Issued Accounting Pronouncements (Tables)

12 Months Ended

Dec. 31, 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 Twelve Months Ended December 31, 2018
	As Reported		Effect of Change			Amount Without Adoption of ASC 606
Gross sales	$	514,997	$	(19,781	)	$	534,778
Net revenue		532,093		(19,781	)		551,874
Cost of goods sold		335,405		(5,753	)		341,158
Gross profit		196,688		(14,028	)		210,716
Operating profit		101,496		(14,028	)		115,524
Provision for income taxes		16,596		(2,928	)		19,524
Income from continuing operations		93,209		(11,100	)		104,309
Net income		92,418		(11,100	)		103,518
Diluted earnings per share from continuing    operations		2.77		(0.33	)		3.10

Balance Sheet

	December 31, 2018
	As Reported		Effect of Change			Balances Without Adoption of ASC 606
Current Assets
Contract assets	$	33,490	$	33,490		$	-
Inventory		111,062		(27,733	)		138,795
Current Liabilities
Taxes payable		1,651		1,402			249
Stockholders' Equity
Retained earnings		538,463		5,119			533,344