XML 19 R8.htm IDEA: XBRL DOCUMENT
v3.5.0.2

Restatement | 3 Months Ended
--- | ---
Apr. 02, 2016
Accounting Changes and Error Corrections [Abstract] |
Restatement | Restatement During the first half of 2016, the Company identified certain errors in its 2015 annual consolidated financial statements primarily related to the underaccrual of certain 2015 estimates, most notably for its sales commission plan, which were partially offset by tax-related items. These errors were originally corrected in the first half of 2016 by recording $11 million of additional pre-tax expenses, primarily within operating expenses, which when combined with tax-related items resulted in a $7 million increase to the net loss within the consolidated statement of operations as of the six months ended July 2, 2016. During the third quarter of 2016, the Company identified additional income tax errors related to 2015 and an error to the net realizable value of trade receivables acquired in connection with the Company's acquisition of the Enterprise business of Motorola Solutions, Inc impacting goodwill and general and administrative expenses. The Company has concluded that these errors were material, in the aggregate, to the consolidated financial statements for the year ended December 31, 2015. By restating our financial statements to correct the errors discussed above, we are making adjustments for previously identified accounting errors deemed immaterial with respect to the year ended December 31, 2015, which were recorded in the Company's 2016 financial results. In conjunction with the restatement, we have determined that it would be appropriate within this Amendment to reflect these adjustments in the year ended December 31, 2015 Consolidated Financial Statements. The Consolidated Balance Sheet, Consolidated Statements of Operations, Comprehensive Loss, and Cash Flows, and Notes 5, 6, 7, 8, 9, 10, 14, 16, 17, and 18 in these financial statements were updated to reflect the restatement. The tables below present the impact of the changes to the Company's financial statement line items: Impacted Consolidated balance sheet amounts (in millions)
| As of April 2, 2016
| As Previously Reported |  | Restatement Adjustments |  | As Restated
Goodwill | $ | 2,495 |  |  | $ | (3 | ) |  | $ | 2,492 |
Long-term deferred income taxes | 56 |  |  | 18 |  |  | 74 |
Total Assets | 4,921 |  |  | 15 |  |  | 4,936 |
Accrued liabilities | 349 |  |  | 1 |  |  | 350 |
Income taxes payable | — |  |  | 14 |  |  | 14 |
Total Current liabilities | 873 |  |  | 15 |  |  | 888 |
Other long-term liabilities | 114 |  |  | 18 |  |  | 132 |
Total Liabilities | 4,042 |  |  | 33 |  |  | 4,075 |
Retained earnings | 1,369 |  |  | (18 | ) |  | 1,351 |
Total Stockholders' Equity | 879 |  |  | (18 | ) |  | 861 |
Total Liabilities and Stockholders' Equity | 4,921 |  |  | 15 |  |  | 4,936 |
Impacted Consolidated statement of operations amounts (in millions, except per share data)
| Three months ended April 2, 2016
| As Previously Reported |  | Restatement Adjustments |  | As Restated
Net sales of tangible products | $ | 714 |  |  | $ | 2 |  |  | $ | 716 |
Cost of sales of tangible products | 373 |  |  | 2 |  |  | 375 |
Selling and marketing | 121 |  |  | (8 | ) |  | 113 |
Acquisition and integration costs | 37 |  |  | (1 | ) |  | 36 |
Exit and restructuring costs | 6 |  |  | (1 | ) |  | 5 |
Operating income | — |  |  | 10 |  |  | 10 |
Foreign exchange gain (loss) | 1 |  |  | 1 |  |  | 2 |
Interest expense and other, net | (50 | ) |  | (1 | ) |  | (51 | )
Loss before income taxes | (49 | ) |  | 10 |  |  | (39 | )
Income tax benefit | (20 | ) |  | 7 |  |  | (13 | )
Net loss | (29 | ) |  | 3 |  |  | (26 | )
Basic loss per share | $ | (0.56 | ) |  | $ | 0.06 |  |  | $ | (0.50 | )
Diluted loss per share | $ | (0.56 | ) |  | $ | 0.06 |  |  | $ | (0.50 | )
Impacted Consolidated statement of cash flows amounts (in millions)
| Three months ended April 2, 2016
| As Previously Reported |  | Restatement Adjustments |  | As Restated
Net loss | $ | (29 | ) |  | $ | 3 |  |  | $ | (26 | )
Changes in assets and liabilities, net of business acquired: |  |  |  |  |
Accounts receivable | 68 |  |  | (3 | ) |  | 65 |
Inventories | 9 |  |  | 3 |  |  | 12 |
Other assets | (1 | ) |  | 1 |  |  | — |
Accrued liabilities | (28 | ) |  | (7 | ) |  | (35 | )
Deferred revenue | 3 |  |  | 1 |  |  | 4 |
Income taxes | (50 | ) |  | 3 |  |  | (47 | )
Net cash provided by operating activities | 95 |  |  | 1 |  |  | 96 |
Effect of foreign exchange rate changes on cash | 4 |  |  | (1 | ) |  | 3 |
The Consolidated Statement of Comprehensive Loss was corrected for the $3 million decrease in net loss and $1 million error in foreign currency translation adjustment.

X
- References No definition available. + Details
Name: | us-gaap_AccountingChangesAndErrorCorrectionsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for reporting accounting changes and error corrections. It includes the conveyance of information necessary for a user of the Company's financial information to understand all aspects and required disclosure information concerning all changes and error corrections reported in the Company's financial statements for the period. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=56949863&loc=d3e22644-107794 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 45 -Paragraph 23 -URI http://asc.fasb.org/extlink&oid=6368906&loc=d3e21914-107793 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=56949863&loc=d3e22595-107794 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=56949863&loc=d3e22499-107794 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB TOPIC 1.N.Q3) -URI http://asc.fasb.org/extlink&oid=26874127&loc=d3e30840-122693 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 1 -Section N + Details
Name: | us-gaap_AccountingChangesAndErrorCorrectionsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration