Correction of Immaterial Errors in Prior Period Financial Statements (Tables)

6 Months Ended

Jul. 26, 2020

Accounting Changes and Error Corrections [Abstract]

Immaterial Restatement of Prior Period Financial Statements

The impact of the corrections on the Company's Statements of Income and Statements of Comprehensive Income for the three and six months ended July 28, 2019, are presented in the table below:

	Three Months Ended				Six Months Ended
	July 28, 2019				July 28, 2019
(in thousands, except per share data)	As Reported		As Corrected		As Reported		As Corrected
Selling, general and administrative	$	39,875	$	43,325	$	78,252	$	82,297
Product development and engineering	$	25,553	$	25,882	$	52,652	$	53,036
Total operating costs and expenses	$	69,336	$	73,115	$	137,794	$	142,223
Operating income	$	15,548	$	11,769	$	28,365	$	23,936
Income before taxes and equity in net gains (losses) of equity method investments	$	14,164	$	10,385	$	25,557	$	21,128
Provision for income taxes	$	8,966	$	8,361	$	6,654	$	5,945
Net income before equity in net gains (losses) of equity method investments	$	5,198	$	2,024	$	18,903	$	15,183
Net income	$	5,366	$	2,192	$	18,660	$	14,940
Earnings per share:
Basic	$	0.08	$	0.03	$	0.28	$	0.23
Diluted	$	0.08	$	0.03	$	0.28	$	0.22
Comprehensive income	$	5,244	$	2,070	$	18,526	$	14,806