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

9 Months Ended

Oct. 25, 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 nine months ended October 27, 2019, are presented in the table below:

	Three Months Ended				Nine Months Ended
	October 27, 2019				October 27, 2019
(in thousands, except per share data)	As Reported		As Corrected		As Reported		As Corrected
Selling, general and administrative	$	33,795	$	37,777	$	112,047	$	120,074
Product development and engineering	$	26,670	$	26,976	$	79,322	$	80,012
Total operating costs and expenses	$	64,083	$	68,371	$	201,877	$	210,594
Operating income	$	22,165	$	17,877	$	50,530	$	41,813
Income before taxes and equity in net gains of equity method investments	$	20,626	$	16,338	$	46,183	$	37,466
Provision for income taxes	$	3,379	$	2,693	$	10,033	$	8,638
Net income before equity in net gains of equity method investments	$	17,247	$	13,645	$	36,150	$	28,828
Net income	$	17,599	$	13,997	$	36,259	$	28,937
Earnings per share:
Basic	$	0.27	$	0.21	$	0.55	$	0.44
Diluted	$	0.26	$	0.21	$	0.54	$	0.43
Comprehensive income	$	18,025	$	14,423	$	36,551	$	29,229