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).



	Nine Months Ended September 30, 2017
	As Originally Reported			Adjustment			As Revised
Cost of sales (exclusive of depreciation and amortization shown separately below)	$	339,345		$	921		$	340,266
Selling, general and administrative expense	52,606			(976		)	51,630
Depreciation and amortization	38,432			574			39,006
Other operating income	—			(270		)	(270		)
Income from operations	32,294			(249		)	32,045
Other (income) expense, net	(945		)	(247		)	(1,192		)
Loss from continuing operations before benefit for income taxes and share of net income from joint venture	(46,302		)	(2		)	(46,304		)
Benefit for income taxes	14,145			59			14,204
Loss from continuing operations	(28,018		)	57			(27,961		)
Income from discontinued operations, net of tax (Note 2)	146,579			(6,384		)	140,195
Net income (loss)	$	118,561		$	(6,327	)	$	112,234
Other comprehensive loss:
Foreign currency translation gain	20,327			700			21,027
Other comprehensive income	11,084			700			11,784
Comprehensive income	$	129,645		$	(5,627	)	$	124,018
Basic net income per share	$	4.33		$	(0.23	)	$	4.10
Diluted net income per share	$	4.33		$	(0.23	)	$	4.10



	Three Months Ended September 30, 2017
	As Originally Reported			Adjustment			As Revised
Cost of sales (exclusive of depreciation and amortization shown separately below)	$	110,836		$	436		$	111,272
Depreciation and amortization	13,075			309			13,384
Income from operations	6,296			(745		)	5,551
Other (income) expense, net	(848		)	93			(755		)
Loss from continuing operations before benefit for income taxes and share of net income from joint venture	(5,568		)	(838		)	(6,406		)
Benefit for income taxes	1,436			288			1,724
Loss from continuing operations	(2,930		)	(550		)	(3,480		)
Income from discontinued operations, net of tax (Note 2)	135,825			(6,384		)	129,441
Net income (loss)	$	132,895		$	(6,934	)	$	125,961
Other comprehensive loss:
Foreign currency translation gain	6,083			328			6,411
Other comprehensive income (loss)	(3,160		)	328			(2,832		)
Comprehensive income (loss)	$	129,735		$	(6,606	)	$	123,129
Basic net income per share	$	4.82		$	(0.25	)	$	4.57
Diluted net income per share	$	4.82		$	(0.25	)	$	4.57

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.



	Nine Months Ended September 30, 2017
	As Originally Reported			Adjustment			Reclasses (1)		As Revised
Cash flows from operating activities
Net income	$	118,561		$	(6,327	)			$	112,234
Adjustments to reconcile net income to net cash provided by (used by) operating activities:
Depreciation and amortization of continuing operations	38,432			574					39,006
Loss on extinguishment of debt and write-off of debt issuance costs	8,054						31,585		39,639
Share of net income from joint venture, net of cash dividends received							17		17
Gain on disposal of discontinued operations, net of tax and cost to sell	(129,353		)	6,343					(123,010		)
Deferred income taxes	—						70		70
Other	439			(545		)	(17	)	(123		)
Changes in operating assets and liabilities:
Accounts receivable	(15,094		)	227					(14,867		)
Inventories	(10,764		)	436					(10,328		)
Income taxes receivable	(19,178		)	(231		)			(19,409		)
Other	(1,674		)	(1,021		)	(70	)	(2,765		)
Net cash provided by (used by) operating activities	285			(544		)	31,585		31,326
Cash flows from investing activities
Proceeds from disposals of property, plant and equipment	639						(639	)	—
Other	—			545			639		1,184
Net cash provided by (used by) investing activities	332,401			545			—		332,946
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	2,945						(2,945	)	—
Shares withheld to satisfy income tax withholding	(580		)				580		—
Principal payments on capital leases	(2,855		)				2,855		—
Other	—						(490	)	(490		)
Net cash provided by (used by) financing activities	(1,080		)				(31,585	)	(32,665		)


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