Recently Adopted Accounting Standards (Tables)

6 Months Ended

Jun. 30, 2018

Recently Adopted Accounting Standards [Abstract]

The cumulative effect of the changes made to our consolidated January 1, 2018 balance sheet for the adoption of the new revenue standard were as follows (in thousands):

	Balance at December 31, 2017		Adjustments Due to ASU 2014-09			Balance at January 1, 2018
Balance Sheet
Assets
Estimated to be returned inventory	$	—	$	786		$	786
Deferred income taxes		12,375		(44	)		12,331

Liabilities
Refund on estimated returns and allowances		—		2,072			2,072
Reserve for cancelled sales and allowances		1,463		(1,463	)		—

Equity
Retained earnings		287,390		133			287,523

The following table presents the differences resulting from the adoption of ASC Topic 606 on line items in our condensed consolidated balance sheet. The impact of the adoption on line items in our other financial statements was not material.

	June 30, 2018
(in thousands)	As Reported		Balances Without Adoption of ASC 606		Effect of Change Higher/(Lower)
Balance Sheet
Assets
Estimated to be returned inventory (included in other current assets)		769		—		769
Deferred income taxes		12,648		12,692		(44	)
Liabilities
Refund on estimated returns and allowances (included in other current liabilities)		2,026		—		2,026
Reserve for cancelled sales and allowances (included in other current liabilities)		—		1,437		(1,437	)
Equity
Retained Earnings		292,465		292,329		136

Disaggregated by Revenue Source

The following table presents our revenues disaggregated by revenue source.

	Three Months Ended June 30,										Six Months Ended June 30,
	2018					2017					2018					2017
(In thousands)	Net Sales		% of Net Sales			Net Sales		% of Net Sales			Net Sales		% of Net Sales			Net Sales		% of Net Sales
Merchandise:
Case Goods
Bedroom Furniture	$	33,550		16.9	%	$	32,055		16.3	%	$	64,665		16.2	%	$	64,021		16.1	%
Dining Room Furniture		22,121		11.1			22,268		11.3			43,755		11.0			43,680		11.0
Occasional		17,044		8.6			17,849		9.1			35,502		8.9			37,053		9.3
		72,715		36.6			72,172		36.7			143,922		36.1			144,754		36.4
Upholstery		78,472		39.5			79,666		40.5			160,269		40.3			161,791		40.7
Mattresses		21,350		10.7			21,514		10.9			41,029		10.3			42,756		10.8
Accessories and Other ⁽¹⁾		26,238		13.2			23,477		11.9			52,998		13.3			47,956		12.1
	$	198,775		100.0	%	$	196,829		100.0	%	$	398,218		100.0	%	$	397,257		100.0	%

(1)

Includes delivery charges and product protection.

Reconciliation of Cash, Cash Equivalents, and Restricted Cash Equivalents

The following table provides a reconciliation of cash, cash equivalents, and restricted cash equivalents reported within the balance sheet that sum to the total of the same such amounts shown in the statements of cash flows.

	June 30, 2018			December 31, 2017			June 30, 2017		December 31, 2016
(In thousands)	(Unaudited)						(Unaudited)
Cash and cash equivalents		$	74,643		$	79,491	$	65,858	$	63,481
Restricted cash equivalents			8,179			8,115		8,065		8,034
Total cash, cash equivalents and restricted cash equivalents		$	82,822		$	87,606	$	73,923	$	71,515