XML 32 R21.htm IDEA: XBRL DOCUMENT v3.7.0.1
SIGNIFICANT ACCOUNTING POLICIES AND RECENT ACCOUNTING PRONOUNCEMENTS Adjustments for New Accounting Pronouncements (Tables)
 3 Months Ended
Mar. 31, 2017
Accounting Changes and Error Corrections [Abstract]  
New Accounting Pronouncement Adoption, Schedule of Prior Period Adjustments [Table Text Block]
The impacts of adoption on the Company's previously reported condensed consolidated financial statements were as follows:
Condensed Consolidated Balance Sheet:
December 31, 2016
(In thousands)
As Reported
Impact of Adoption
As Adjusted
Accounts receivable, net
$
6,961

$
(433
)
$
6,528

Prepaid expenses and other current assets
8,520

195

8,715

Deferred tax assets
12,032

(690
)
11,342

Deferred income on sales to distributors
16,207

(16,207
)
—

Other accrued liabilities
2,434

300

2,734

Retained earnings
$
317,912

$
14,979

$
332,891

Condensed Consolidated Statement of Income:
Three Months Ended March 31, 2016
(In thousands, except per share amounts)
As Reported
Impact of Adoption
As Adjusted
Net revenues
$
85,326

$
2,710

$
88,036

Cost of revenues
42,379

1,169

43,548

Provision for income taxes
330

5

335

Net income
$
8,843

$
1,536

$
10,379

 
 
 
 
Earnings per share
 
 
 
Basic
$
0.31

$
0.05

$
0.36

Diluted
$
0.30

$
0.05

$
0.35

Condensed Consolidated Statement of Cash Flows:
Three Months Ended March 31, 2016
(In thousands)
As Reported
Impact of Adoption
As Adjusted
CASH FLOWS FROM OPERATING ACTIVITIES:
 
 
 
Net income
$
8,843

$
1,536

$
10,379

Deferred income taxes
(86
)
5

(81
)
Accounts receivable
(3,565
)
980

(2,585
)
Prepaid expenses and other assets
(868
)
(520
)
(1,388
)
Deferred income on sales to distributors
$
2,001

$
(2,001
)
$
—