Revision of Prior Financial Statements (Tables)

3 Months Ended

Mar. 31, 2020

Accounting Changes and Error Corrections [Abstract]

Schedule of impacted financial statements

The revisions discussed above impacted the financial statements as follows (in thousands):

	As of March 31, 2019
	As previously reported		Revisions			As revised
Inventories, net	$	34,358	$	1,019		$	35,377
Other intangible assets, net	24,978		(2,760		)	22,218
Total Assets	282,792		(1,741		)	281,051
Total Liabilities and Stockholders' Equity	282,792		(1,741		)	281,051

	For the three months ended March 31, 2019
	As previously reported			Revisions			As revised
Operating expenses	$	44,599		$	(631	)	$	43,968
Income tax benefit	774			(463		)	311
Loss from continuing operations	(15,380		)	168			(15,212		)
Income from discontinued operations, net of tax	48,372			(2,298		)	46,074
Net income	32,992			(2,130		)	30,862

	As of June 30, 2019
	As previously reported		Revisions			As revised
Inventories, net	$	26,442	$	1,204		$	27,646
Other intangible assets, net	24,290		(2,760		)	21,530
Total Assets	263,816		(1,556		)	262,260
Total Liabilities and Stockholders' Equity	263,816		(1,556		)	262,260

	For the three months ended June 30, 2019									For the six months ended June 30, 2019
	As previously reported			Revisions			As revised			As previously reported			Revisions			As revised
Operating expenses	$	38,306		$	(185	)	$	38,121		$	82,905		$	(816	)	$	82,089
Income tax benefit	192			—			192			966			(463		)	503
Loss from continuing operations	(12,990		)	185			(12,805		)	(28,370		)	353			(28,017		)
(Loss) income from discontinued operations, net of tax	(1,608		)	—			(1,608		)	46,764			(2,298		)	44,466
Net (loss) income	(14,598		)	185			(14,413		)	18,394			(1,945		)	16,449

	As of September 30, 2019
	As previously reported		Revisions			As revised
Inventories, net	$	24,333	$	1,271		$	25,604
Other intangible assets, net	23,578		(2,760		)	20,818
Total Assets	249,357		(1,489		)	247,868
Total Liabilities and Stockholders' Equity	249,357		(1,489		)	247,868

	For the three months ended September 30, 2019									For the nine months ended September 30, 2019
	As previously reported			Revisions			As revised			As previously reported			Revisions			As revised
Operating expenses	$	23,689		$	(67	)	$	23,622		$	106,594		$	(883	)	$	105,711
Income tax benefit	191			—			191			1,157			(463		)	694
Loss from continuing operations	(11,227		)	67			(11,160		)	(39,597		)	420			(39,177		)
Income from discontinued operations, net of tax	117			—			117			46,881			(2,298		)	44,583
Net (loss) income	(11,110		)	67			(11,043		)	7,284			(1,878		)	5,406

	As of December 31, 2019
	As previously reported		Revisions			As revised
Inventories, net	$	21,697	$	1,513		$	23,210
Other intangible assets, net	23,083		(2,760		)	20,323
Total Assets	231,847		(1,247		)	230,600
Total Liabilities and Stockholders' Equity	231,847		(1,247		)	230,600

	For the three months ended December 31, 2019									For the year ended December 31, 2019
	As previously reported			Revisions			As revised			As previously reported			Revisions			As revised
Operating expenses	$	42,631		$	(242	)	$	42,389		$	149,225		$	(1,125	)	$	148,100
Income tax (expense) benefit	(956		)	—			(956		)	201			(463		)	(262		)
Loss from continuing operations	(37,138		)	242			(36,896		)	(76,735		)	662			(76,073		)
(Loss) income from discontinued operations, net of tax	(2,425		)	—			(2,425		)	44,456			(2,298		)	42,158
Net loss	(39,563		)	242			(39,321		)	(32,279		)	(1,636		)	(33,915		)

Management evaluated the impact on previously issued financial statements and concluded the impact was not material.