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

Restatement of Consolidated Financial Statements (Tables)

9 Months Ended

Sep. 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 September 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 September 30, 2020
						As Originally Reported						Adjustments						As Restated
Condensed Consolidated Statement of Operations
Interest income and other income (expense), net						$	3,464					$	90					$	3,554
Interest and other income (expense), net						878						90						968
Income (loss) before income taxes						(11,622)						90						(11,532)
Provision for income taxes						1,157						48						1,205
Net income (loss)						(12,779)						42						(12,737)
Net income (loss) per share:
Basic						$	(0.11)					$	—					$	(0.11)
Diluted						$	(0.11)					$	—					$	(0.11)

						For the Nine Months Ended September 30, 2020
						As Originally Reported						Adjustments						As Restated
Condensed Consolidated Statement of Operations
Revenue:
Royalties						$	53,253					$	3,575					$	56,828
Total revenue						180,834						3,575						184,409
Gross profit						133,537						3,575						137,112
Operating expenses:
Sales, general and administrative						64,387						822						65,209
Total operating expenses						169,340						822						170,162
Operating income (loss)						(35,803)						2,753						(33,050)
Interest income and other income (expense), net						14,435						250						14,685
Interest and other income (expense), net						6,714						250						6,964
Income (loss) before income taxes						(29,089)						3,003						(26,086)
Provision for income taxes						2,454						(124)						2,330
Net income (loss)						(31,543)						3,127						(28,416)
Net income (loss) per share:
Basic						$	(0.28)					$	0.03					$	(0.25)
Diluted						$	(0.28)					$	0.03					$	(0.25)

						For the Three Months Ended September 30, 2020
						As Originally Reported						Adjustments						As Restated
Condensed Consolidated Statement of Comprehensive Loss
Net income (loss)						$	(12,779)					$	42					$	(12,737)
Total comprehensive income (loss)						(12,859)						42						(12,817)

						For the Nine Months Ended September 30, 2020
						As Originally Reported						Adjustments						As Restated
Condensed Consolidated Statement of Comprehensive Loss
Net income (loss)						$	(31,543)					$	3,127					$	(28,416)
Total comprehensive income (loss)						(31,583)						3,127						(28,456)

						For the Three and Nine Months Ended September 30, 2020
						As Originally Reported						Adjustments						As Restated
Condensed Consolidated Statement of Stockholders’ Equity
Net loss attributable to:
Accumulated deficit						$	(321,787)					$	7,582					$	(314,205)
Total stockholders’ equity						958,246						7,582						965,828

						For the Nine Months Ended September 30, 2020
						As Originally Reported						Adjustments						As Restated
Condensed Consolidated Statement of Cash Flows
Cash flows from operating activities:
Net loss						$	(31,543)					$	3,127					$	(28,416)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation						20,853						822						21,675
Deferred income taxes						618						(49)						569
Change in operating assets and liabilities, net of effects of acquisitions:
Unbilled receivables						126,324						(3,826)						122,498
Prepaid expenses and other assets						2,188						(74)						2,114
Net cash provided by operating activities						143,392						—						143,392

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