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Revision for Immaterial Misstatements (Tables) | 12 Months Ended
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Dec. 31, 2021
Accounting Changes and Error Corrections [Abstract] |
Schedule of Error Corrections and Prior Period Adjustments | The revision to the accompanying consolidated balance sheets, consolidated statement of operations and comprehensive loss, and consolidated statement of cash flows are as follows. There were no changes to the consolidated statements of stockholders’ equity that have not otherwise been reflected in the consolidated balance sheet and consolidated statement of operations and comprehensive income or loss as detailed in the tables below:
| As of December 31, 2020
| As Previously Reported |  | Adjustments |  | As Revised
| (In thousands)
Consolidated Balance Sheet |  |  |  |  |
Inventories | $ | 514,673 |  |  | $ | 13,801 |  |  | $ | 528,474 |
Total current assets | 2,482,890 |  | 13,801 |  | 2,496,691
Total assets | 5,521,089 |  | 13,801 |  | 5,534,890
Retained earnings | 1,539,809 |  | 13,801 |  | 1,553,610
Total stockholders' equity | 596,343 |  | 13,801 |  | 610,144
Total liabilities and stockholders' equity | 5,521,089 |  | 13,801 |  | 5,534,890
| Year Ended December 31, 2020
| As Previously Reported |  | Adjustments |  | As Revised
| (In thousands, except per share amounts)
Consolidated Statement of Operations and Comprehensive Income |  |  |  |  |
Net sales | $ | 4,583,660 |  |  | $ | 4,773 |  |  | $ | 4,588,433 |
Cost of sales | 2,340,066 |  |  | 5,264 |  |  | 2,345,330 |
Gross profit | 2,243,594 |  |  | (491) |  |  | 2,243,103 |
Advertising and promotion expenses | 516,803 |  |  | 9,000 |  |  | 525,803 |
Other selling and administrative expenses | 1,345,906 |  |  | (3,342) |  |  | 1,342,564 |
Operating income | 380,885 |  |  | (6,149) |  |  | 374,736 |
Income before income taxes | 183,806 |  |  | (6,149) |  |  | 177,657 |
Provision for income taxes | 68,649 |  |  | (3,100) |  |  | 65,549 |
Net income | 126,628 |  |  | (3,049) |  |  | 123,579 |
Comprehensive income | 51,536 |  |  | (3,049) |  |  | 48,487 |
Net loss per common share - basic | $ | 0.36 |  |  | $ | (0.01) |  |  | $ | 0.36 |
Net income per common share - diluted | $ | 0.36 |  |  | $ | (0.01) |  |  | $ | 0.35 |
| Year Ended December 31, 2019
| As Previously Reported |  | Adjustments |  | As Revised
| (In thousands, except per share amounts)
Consolidated Statement of Operations and Comprehensive Loss |  |  |  |  |
Cost of sales | $ | 2,523,792 |  |  | $ | 3,438 |  |  | $ | 2,527,230 |
Gross profit | 1,980,779 |  |  | (3,438) |  |  | 1,977,341 |
Advertising and promotion expenses | 551,517 |  |  | (1,300) |  |  | 550,217 |
Operating income | 39,240 |  |  | (2,138) |  |  | 37,102 |
Loss before income taxes | (157,517) |  |  | (2,138) |  |  | (159,655) |
Provision for income taxes | 55,224 |  |  | 3,100 |  |  | 58,324 |
Net loss | (213,512) |  |  | (5,238) |  |  | (218,750) |
Comprehensive loss | (223,770) |  |  | (5,238) |  |  | (229,008) |
Net loss per common share - basic | $ | (0.62) |  |  | $ | (0.01) |  |  | $ | (0.63) |
Net income per common share - diluted | $ | (0.62) |  |  | $ | (0.01) |  |  | $ | (0.63) |
| Year Ended December 31, 2020
| As Previously Reported |  | Adjustments |  | As Revised
| (In thousands)
Consolidated Statement of Cash Flows |  |  |  |  |
Net income | $ | 126,628 |  |  | $ | (3,049) |  |  | $ | 123,579 |
Depreciation | 160,973 |  |  | (6,447) |  |  | 154,526 |
Deferred income taxes | (2,200) |  |  | (3,100) |  |  | (5,300) |
Changes in assets and liabilities: |  |  |  |  |
Inventories | (50,562) |  |  | 8,369 |  |  | (42,193) |
Prepaid expenses and other current assets | 5,661 |  |  | (25,700) |  |  | (20,039) |
Accounts payable, accrued liabilities, and income taxes payable | 11,209 |  |  | 6,194 |  |  | 17,403 |
Other, net | (26,457) |  |  | 20,927 |  |  | (5,530) |
Net cash flows provided by operating activities | 288,502 |  |  | (2,806) |  |  | 285,696 |
Purchases of other property, plant, and equipment | (62,195) |  |  | 2,806 |  |  | (59,389) |
Net cash flows used for investing activities | (134,910) |  |  | 2,806 |  |  | (132,104) |
| Year Ended December 31, 2019
| As Previously Reported |  | Adjustments |  | As Revised
| (In thousands)
Consolidated Statement of Cash Flows |  |  |  |  |
Net loss | $ | (213,512) |  |  | $ | (5,238) |  |  | $ | (218,750) |
Asset impairments | 38,729 |  |  | 2,485 |  |  | 41,214 |
Deferred income taxes | (9,136) |  |  | 3,100 |  |  | (6,036) |
Changes in assets and liabilities: |  |  |  |  |
Inventories | (26,920) |  |  | 4,234 |  |  | (22,686) |
Prepaid expenses and other current assets | 47,971 |  |  | 1,100 |  |  | 49,071 |
Accounts payable, accrued liabilities, and income taxes payable | (58,679) |  |  | 4,027 |  |  | (54,652) |
Other, net | (10,094) |  |  | (22,249) |  |  | (32,343) |
Net cash flows provided by operating activities | 180,977 |  |  | (12,541) |  |  | 168,436 |
Purchases of tools, dies, and molds | (50,509) |  |  | (2,485) |  |  | (52,994) |
Purchases of other property, plant, and equipment | (65,843) |  |  | 15,026 |  |  | (50,817) |
Net cash flows used for investing activities | (114,176) |  |  | 12,541 |  |  | (101,635) |

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- 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=124431687&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=124431687&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=124431687&loc=d3e22658-107794 + Details
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