Prior Periods’ Financial Statement Revision

The following tables present the effect of the correction of misstatements that impacted each of the periods presented below, as further described in Note 1, and the related adjustments to reflect the revision on the Condensed Consolidated Statements of Operations and Comprehensive Income (Loss). Also, as further described in Note 2, due to the disposition of the PBC Business and the related discontinued operations treatment, the tables below present separately the impact of the correction of the misstatements as well as the effect of recasting the prior periods for discontinued operations.



	Six Months Ended June 30, 2017
	As Originally Reported			Adjustment			Discontinued Operations			As Revised
Cost of sales (exclusive of depreciation and amortization shown separately below)	$	332,994		$	485		$	(104,485	)	$	228,994
Selling, general and administrative expense	44,530			(764		)	(9,121		)	34,645
Depreciation and amortization	31,468			265			(6,111		)	25,622
Other operating income	—			(270		)	—			(270		)
Income from operations	42,751			284			(16,541		)	26,494
Other (income) expense, net	(79		)	(340		)	(18		)	(437		)
Loss from continuing operations before benefit for income taxes and share of net income from joint venture	(24,187		)	624			(16,335		)	(39,898		)
Benefit for income taxes	7,128			(229		)	5,581			12,480
Loss from continuing operations	(14,122		)	395			(10,754		)	(24,481		)
Income from discontinued operations, net of tax (Note 2)							10,754			10,754
Net loss	$	(14,122	)	$	395					$	(13,727	)
Other comprehensive loss:
Foreign currency translation gain	14,244			372						14,616
Other comprehensive income	14,244			372						14,616
Comprehensive income	$	122		$	767					$	889
Basic net loss per share	$	(0.52	)	$	0.01					$	(0.50	)
Diluted net loss per share	$	(0.52	)	$	0.01					$	(0.50	)



	Three Months Ended June 30, 2017
	As Originally Reported			Adjustment			Discontinued Operations			As Revised
Selling, general and administrative expense	$	23,036		$	(264	)	$	(4,768	)	$	18,004
Depreciation and amortization	15,900			253			(3,102		)	13,051
Other operating income	—			(270		)	—			(270		)
Income from operations	20,593			281			(8,232		)	12,642
Other (income) expense, net	645			(340		)	(20		)	285
Loss from continuing operations before benefit for income taxes and share of net income from joint venture	(32,201		)	621			(8,141		)	(39,721		)
Benefit for income taxes	9,428			(230		)	2,905			12,103
Loss from continuing operations	(21,529		)	391			(5,236		)	(26,374		)
Income from discontinued operations, net of tax (Note 2)							5,236			5,236
Net loss	$	(21,529	)	$	391					$	(21,138	)
Other comprehensive loss:
Foreign currency translation gain	9,240			271						9,511
Other comprehensive income	9,240			271						9,511
Comprehensive loss	$	(12,289	)	$	662					$	(11,627	)
Basic net loss per share	$	(0.78	)	$	0.01					$	(0.77	)
Diluted net loss per share	$	(0.78	)	$	0.01					$	(0.77	)

The following table presents the effect of the correction of the misstatements and reclassifications to conform to the current period's presentation on our Condensed Consolidated Statement of Cash Flows.



	Six Months Ended June 30, 2017
	As Originally Reported			Adjustment			Reclasses (1)		As Revised
Cash flows from operating activities
Net loss	$	(14,122	)	$	395				$	(13,727	)
Adjustments to reconcile net loss to net cash provided by (used by) operating activities:
Depreciation and amortization	31,468			265					31,733			(2)
Gain on disposals or property, plant and equipment	(268		)				268		—
Loss on extinguishment of debt and write-off of debt issuance costs	8,054						31,585		39,639
Other	638			(268		)	(268	)	102
Changes in operating assets and liabilities:
Income taxes receivable	(10,841		)	229					(10,612		)
Other	(7,247		)	(889		)			(8,136		)
Net cash provided by (used by) operating activities	(15,552		)	(268		)	31,585		15,765
Cash flows from investing activities
Proceeds from disposals of property, plant and equipment	356			—			(356	)	—
Other	—			268			356		624
Net cash provided by (used by) investing activities	(20,302		)	268			—		(20,034		)
Cash flows from financing activities
Cash paid for debt issuance or prepayment costs	(6,545		)				(31,585	)	(38,130		)
Proceeds from issuance of stock and exercise of stock options	2,592						(2,592	)	—
Shares withheld to satisfy income tax withholding	(413		)				413		—
Principal payments on capital leases	(2,059		)				2,059		—
Other	—						120		120
Net cash provided by (used by) financing activities	39,762						(31,585	)	8,177


(1)	Includes the reclassification of prior period amounts to reflect current period presentation, including the addition of the income taxes payable (receivable) line, the adoption of ASU 2016-15, and condensing immaterial amounts.


(2)	Depreciation and amortization of $6.1 million is included in income from discontinued operations on the Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) for the six months ended June 30, 2017.