XML 38 R27.htm IDEA: XBRL DOCUMENT v3.21.2

Restatement of Consolidated Financial Statements (Tables)

6 Months Ended

Jun. 30, 2021

Accounting Changes and Error Corrections [Abstract]

Schedule of Error Corrections and Prior Period Adjustments

The restatement tables below present a reconciliation from the previously reported amounts to the restated amounts (in thousands, except shares and per share amounts). The amounts originally reported were derived from the Company’s Quarterly Report on Form 10-Q for the interim period ended June 30, 2020. Certain line items in the quarterly financial data below were excluded because they were not impacted by the restatement.

						For the Three Months Ended June 30, 2020
						As Originally Reported						Adjustments						As Restated
Condensed Consolidated Statement of Operations
Revenue:
Royalties						$	16,957					$	1,787					$	18,744
Total revenue						59,930						1,787						61,717
Gross profit						43,782						1,787						45,569
Operating expenses:
Sales, general and administrative						21,310						411						21,721
Total operating expenses						56,246						411						56,657
Operating income (loss)						(12,464)						1,376						(11,088)
Interest income and other income (expense), net						4,597						91						4,688
Interest and other income (expense), net						2,017						91						2,108
Income (loss) before income taxes						(10,447)						1,467						(8,980)
Provision for (benefit from) income taxes						334						(174)						160
Net income (loss)						(10,781)						1,641						(9,140)
Net income (loss) per share:
Basic						$	(0.09)					$	0.01					$	(0.08)
Diluted						$	(0.09)					$	0.01					$	(0.08)

						For the Six Months Ended June 30, 2020
						As Originally Reported						Adjustments						As Restated
Condensed Consolidated Statement of Operations
Revenue:
Royalties						$	36,651					$	3,575					$	40,226
Total revenue						123,919						3,575						127,494
Gross profit						91,886						3,575						95,461
Operating expenses:
Sales, general and administrative						44,205						822						45,027
Total operating expenses						115,189						822						116,011
Operating income (loss)						(23,303)						2,753						(20,550)
Interest income and other income (expense), net						10,971						160						11,131
Interest and other income (expense), net						5,836						160						5,996
Income (loss) before income taxes						(17,467)						2,913						(14,554)
Provision for (benefit from) income taxes						1,297						(172)						1,125
Net income (loss)						(18,764)						3,085						(15,679)
Net income (loss) per share:
Basic						$	(0.17)					$	0.03					$	(0.14)
Diluted						$	(0.17)					$	0.03					$	(0.14)

						For the Three Months Ended June 30, 2020
						As Originally Reported						Adjustments						As Restated
Condensed Consolidated Statement of Comprehensive Loss
Net income (loss)						$	(10,781)					$	1,641					$	(9,140)
Total comprehensive income (loss)						(10,645)						1,641						(9,004)

						For the Six Months Ended June 30, 2020
						As Originally Reported						Adjustments						As Restated
Condensed Consolidated Statement of Comprehensive Loss
Net income (loss)						$	(18,764)					$	3,085					$	(15,679)
Total comprehensive income (loss)						(18,724)						3,085						(15,639)

						For the Three and Six Months Ended June 30, 2020
						As Originally Reported						Adjustments						As Restated
Condensed Consolidated Statement of Stockholders’ Equity
Net loss attributable to:
Accumulated deficit						$	(309,008)					$	7,540					$	(301,468)
Total stockholders’ equity						965,190						7,540						972,730

						For the Six Months Ended June 30, 2020
						As Originally Reported						Adjustments						As Restated
Condensed Consolidated Statement of Cash Flows
Cash flows from operating activities:
Net income (loss)						$	(18,764)					$	3,085					$	(15,679)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation						14,625						822						15,447
Deferred income taxes						102						(49)						53
Change in operating assets and liabilities, net of effects of acquisitions:
Unbilled receivables						83,577						(3,735)						79,842
Prepaid expenses and other assets						1,849						(123)						1,726
Net cash provided by operating activities						99,273						—						99,273

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

Tabular disclosure of prior period adjustments to previously issued financial statements including (1) the effect of the correction on each financial statement line item and any per-share amounts affected for each prior period presented (2) the cumulative effect of the change on retained earnings or other appropriate components of equity or net assets in the statement of financial position, as of the beginning of the earliest period presented, and (3) the effect of the prior period adjustments (both gross and net of applicable income tax) on the net income of each prior period presented in the entity's annual report for the year in which the adjustments are made.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22663-107794

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22644-107794

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22658-107794

+ Details

Name:	us-gaap_ScheduleOfErrorCorrectionsAndPriorPeriodAdjustmentsTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration