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RESTATEMENT OF CONSOLIDATED FINANCIAL STATEMENTS (Tables) | 12 Months Ended
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Sep. 30, 2017
Accounting Changes and Error Corrections [Abstract] |
Schedule of Error Corrections and Prior Period Adjustments |
|  | As of
|  | September 30, 2017
|  | As Previously Reported |  | Effect of Restatement |  | As Restated
Accrued expenses and other current liabilities |  | 132,314 |  |  | (7,467 | ) |  | 124,847 |
Total current liabilities |  | 200,448 |  |  | (7,467 | ) |  | 192,981 |
Deferred income taxes |  | 26,779 |  |  | 373 |  |  | 27,152 |
TOTAL LIABILITIES |  | $ | 258,171 |  |  | $ | (7,094 | ) |  | $ | 251,077 |
Retained earnings |  | 561,986 |  |  | 7,094 |  |  | 569,080 |
TOTAL SHAREHOLDERS' EQUITY |  | $ | 912,936 |  |  | $ | 7,094 |  |  | $ | 920,030 |
|  | As of
|  | October 1, 2016
|  | As Previously Reported |  | Effect of Restatement |  | As Restated
Accrued expenses and other current liabilities |  | 63,954 |  |  | 7,362 |  |  | 71,316 |
Total current liabilities |  | 118,597 |  |  | 7,362 |  |  | 125,959 |
Deferred income taxes |  | 27,697 |  |  | (368 | ) |  | 27,329 |
TOTAL LIABILITIES |  | $ | 175,926 |  |  | $ | 6,994 |  |  | $ | 182,920 |
Retained earnings |  | 449,975 |  |  | (6,994 | ) |  | 442,981 |
TOTAL SHAREHOLDERS' EQUITY |  | $ | 806,518 |  |  | $ | (6,994 | ) |  | $ | 799,524 |
|  | Fiscal 2017
|  | As Previously Reported |  | Effect of Restatement |  | As Restated
Cost of sales |  | 433,995 |  |  | (7,048 | ) |  | 426,947 |
Gross profit |  | 375,046 |  |  | 7,048 |  |  | 382,094 |
Selling, general and administrative |  | 141,382 |  |  | (7,781 | ) |  | 133,601 |
Operating expenses |  | 276,792 |  |  | (7,781 | ) |  | 269,011 |
Income from operations |  | 98,254 |  |  | 14,829 |  |  | 113,083 |
Income from operations before income taxes |  | 103,686 |  |  | 14,829 |  |  | 118,515 |
Income tax benefit |  | (8,135 | ) |  | 741 |  |  | (7,394 | )
Net income |  | $ | 112,011 |  |  | $ | 14,088 |  |  | $ | 126,099 |
Net income per share: |  |  |  |  |  |  |  |
Basic |  | $ | 1.58 |  |  | $ | 0.20 |  |  | $ | 1.78 |
Diluted |  | $ | 1.55 |  |  | $ | 0.20 |  |  | $ | 1.75 |
|  | Fiscal 2016
|  | As Previously Reported |  | Effect of Restatement |  | As Restated
Cost of sales |  | 340,463 |  |  | 5,693 |  |  | 346,156 |
Gross profit |  | 286,729 |  |  | (5,693 | ) |  | 281,036 |
Selling, general and administrative |  | 141,816 |  |  | (7,107 | ) |  | 134,709 |
Operating expenses |  | 234,190 |  |  | (7,107 | ) |  | 227,083 |
Income from operations |  | 52,539 |  |  | 1,414 |  |  | 53,953 |
Income from operations before income taxes |  | 54,750 |  |  | 1,414 |  |  | 56,164 |
Income tax expense |  | 7,638 |  |  | 71 |  |  | 7,709 |
Net income |  | $ | 47,112 |  |  | $ | 1,343 |  |  | $ | 48,455 |
Net income per share: |  |  |  |  |  |  |  |
Basic |  | $ | 0.67 |  |  | $ | 0.02 |  |  | $ | 0.69 |
Diluted |  | $ | 0.67 |  |  | $ | 0.02 |  |  | $ | 0.68 |
|  | Fiscal 2015
|  | As Previously Reported |  | Effect of Restatement |  | As Restated
Cost of sales |  | 277,379 |  |  | 7,145 |  |  | 284,524 |
Gross profit |  | 259,092 |  |  | (7,145 | ) |  | 251,947 |
Selling, general and administrative |  | 131,808 |  |  | (8,485 | ) |  | 123,323 |
Operating expenses |  | 221,841 |  |  | (8,485 | ) |  | 213,356 |
Income from operations |  | 37,251 |  |  | 1,340 |  |  | 38,591 |
Income from operations before income taxes |  | 37,705 |  |  | 1,340 |  |  | 39,045 |
Income tax benefit |  | (12,934 | ) |  | 67 |  |  | (12,867 | )
Net income |  | $ | 50,639 |  |  | $ | 1,273 |  |  | $ | 51,912 |
Net income per share: |  |  |  |  |  |  |  |
Basic |  | $ | 0.67 |  |  | $ | 0.02 |  |  | $ | 0.69 |
Diluted |  | $ | 0.67 |  |  | $ | 0.02 |  |  | $ | 0.69 |
|  | Fiscal 2017
|  | As Previously Reported |  | Effect of Restatement |  | As Restated
Net income |  | $ | 112,011 |  |  | $ | 14,088 |  |  | $ | 126,099 |
Comprehensive income |  | $ | 116,776 |  |  | $ | 14,088 |  |  | $ | 130,864 |
|  | Fiscal 2016
|  | As Previously Reported |  | Effect of Restatement |  | As Restated
Net income |  | $ | 47,112 |  |  | $ | 1,343 |  |  | $ | 48,455 |
Comprehensive income |  | $ | 45,483 |  |  | $ | 1,343 |  |  | $ | 46,826 |
|  | Fiscal 2015
|  | As Previously Reported |  | Effect of Restatement |  | As Restated
Net income |  | $ | 50,639 |  |  | $ | 1,273 |  |  | $ | 51,912 |
Comprehensive income |  | $ | 47,298 |  |  | $ | 1,273 |  |  | $ | 48,571 |
| Common Stock |  | Treasury Stock |  | Retained earnings |  | Accumulated Other Comprehensive Income |  | Shareholders' Equity
| Shares |  | Amount |  |  |  |
(As Previously Reported) |  |  |  |  |  |  |  |  |  |  |
Balances as of October 1, 2016 | 70,420 |  |  | $ | 498,676 |  |  | $ | (139,407 | ) |  | $ | 449,975 |  |  | $ | (2,726 | ) |  | 806,518 |
Issuance of stock for services rendered | 45 |  |  | 750 |  |  | — |  |  | — |  |  | — |  |  | 750 |
Repurchase of common stock | (945 | ) |  | — |  |  | (18,197 | ) |  | — |  |  | — |  |  | (18,197 | )
Exercise of stock options | 61 |  |  | 509 |  |  | — |  |  | — |  |  | — |  |  | 509 |
Issuance of shares for market-based restricted stock and time-based restricted stock | 616 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Excess tax benefits from stock based compensation | — |  |  | (4,392 | ) |  | — |  |  | — |  |  | — |  |  | (4,392 | )
Equity-based compensation expense | — |  |  | 10,972 |  |  | — |  |  | — |  |  | — |  |  | 10,972 |
Components of comprehensive income: |  |  |  |  |  |  |  |  |  |  |
Net income | — |  |  | — |  |  | — |  |  | 112,011 |  |  | — |  |  | 112,011 |
Translation adjustment | — |  |  | — |  |  | — |  |  | — |  |  | 1,960 |  |  | 1,960 |
Unrealized loss on derivative instruments | — |  |  | — |  |  | — |  |  | — |  |  | 1,815 |  |  | 1,815 |
Unamortized pension costs | — |  |  | — |  |  | — |  |  | — |  |  | 990 |  |  | 990 |
Total comprehensive income | — |  |  | — |  |  | — |  |  | 112,011 |  |  | 4,765 |  |  | 116,776 |
Balances as of September 30, 2017 | 70,197 |  |  | $ | 506,515 |  |  | $ | (157,604 | ) |  | $ | 561,986 |  |  | $ | 2,039 |  |  | $ | 912,936 |
(Effect of Restatement) |  |  |  |  |  |  |  |  |  |  |
Balances as of October 1, 2016 | — |  |  | — |  |  | — |  |  | (6,994 | ) |  | — |  |  | (6,994 | )
Issuance of stock for services rendered | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Repurchase of common stock | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Exercise of stock options | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Issuance of shares for market-based restricted stock and time-based restricted stock | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Excess tax benefits from stock based compensation | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Equity-based compensation expense | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Components of comprehensive income: |  |  |  |  |  |  |  |  |  |  |
Net income | — |  |  | — |  |  | — |  |  | 14,088 |  |  | — |  |  | 14,088 |
Translation adjustment | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Unrealized loss on derivative instruments | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Unamortized pension costs | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total comprehensive income | — |  |  | — |  |  | — |  |  | 14,088 |  |  | — |  |  | 14,088 |
Balances as of September 30, 2017 | — |  |  | $ | — |  |  | $ | — |  |  | $ | 7,094 |  |  | $ | — |  |  | $ | 7,094 |
(As Restated) |  |  |  |  |  |  |  |  |  |  |
Balances as of October 1, 2016 | 70,420 |  |  | 498,676 |  |  | (139,407 | ) |  | 442,981 |  |  | (2,726 | ) |  | 799,524 |
Issuance of stock for services rendered | 45 |  |  | 750 |  |  | — |  |  | — |  |  | — |  |  | 750 |
Repurchase of common stock | (945 | ) |  | — |  |  | (18,197 | ) |  | — |  |  | — |  |  | (18,197 | )
Exercise of stock options | 61 |  |  | 509 |  |  | — |  |  | — |  |  | — |  |  | 509 |
Issuance of shares for market-based restricted stock and time-based restricted stock | 616 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Excess tax benefits from stock based compensation | — |  |  | (4,392 | ) |  | — |  |  | — |  |  | — |  |  | (4,392 | )
Equity-based compensation expense | — |  |  | 10,972 |  |  | — |  |  | — |  |  | — |  |  | 10,972 |
Components of comprehensive income: |  |  |  |  |  |  |  |  |  |  |
Net income | — |  |  | — |  |  | — |  |  | 126,099 |  |  | — |  |  | 126,099 |
Translation adjustment | — |  |  | — |  |  | — |  |  | — |  |  | 1,960 |  |  | 1,960 |
Unrealized loss on derivative instruments | — |  |  | — |  |  | — |  |  | — |  |  | 1,815 |  |  | 1,815 |
Unamortized pension costs | — |  |  | — |  |  | — |  |  | — |  |  | 990 |  |  | 990 |
Total comprehensive income | — |  |  | — |  |  | — |  |  | 126,099 |  |  | 4,765 |  |  | 130,864 |
Balances as of September 30, 2017 | 70,197 |  |  | $ | 506,515 |  |  | $ | (157,604 | ) |  | $ | 569,080 |  |  | $ | 2,039 |  |  | $ | 920,030 |
KULICKE AND SOFFA INDUSTRIES, INC. CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (in thousands)
| Common Stock |  | Treasury Stock |  | Retained earnings |  | Accumulated Other Comprehensive Income |  | Shareholders' Equity
| Shares |  | Amount |  |  |  |
(As Previously Reported) |  |  |  |  |  |  |  |  |  |  |
Balances as of October 3, 2015 | 71,240 |  |  | $ | 492,339 |  |  | $ | (124,856 | ) |  | $ | 402,863 |  |  | $ | (1,097 | ) |  | 769,249 |
Issuance of stock for services rendered | 50 |  |  | 551 |  |  | — |  |  | — |  |  | — |  |  | 551 |
Repurchase of common stock | (1,408 | ) |  | — |  |  | (14,551 | ) |  | — |  |  | — |  |  | (14,551 | )
Exercise of stock options | 53 |  |  | 410 |  |  | — |  |  | — |  |  | — |  |  | 410 |
Issuance of shares for market-based restricted stock and time-based restricted stock | 485 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Excess tax benefits from stock based compensation | — |  |  | 197 |  |  | — |  |  | — |  |  | — |  |  | 197 |
Equity-based compensation expense | — |  |  | 5,179 |  |  | — |  |  | — |  |  | — |  |  | 5,179 |
Components of comprehensive income: |  |  |  |  |  |  |  |  |  |  |  |
Net income | — |  |  | — |  |  | — |  |  | 47,112 |  |  | — |  |  | 47,112 |
Translation adjustment | — |  |  | — |  |  | — |  |  | — |  |  | 624 |  |  | 624 |
Unrealized loss on derivative instruments | — |  |  | — |  |  | — |  |  | — |  |  | (462 | ) |  | (462 | )
Unamortized pension costs | — |  |  | — |  |  | — |  |  | — |  |  | (1,791 | ) |  | (1,791 | )
Total comprehensive income | — |  |  | — |  |  | — |  |  | 47,112 |  |  | (1,629 | ) |  | 45,483 |
Balances as of October 1, 2016 | 70,420 |  |  | $ | 498,676 |  |  | $ | (139,407 | ) |  | $ | 449,975 |  |  | $ | (2,726 | ) |  | $ | 806,518 |
(Effect of Restatement) |  |  |  |  |  |  |  |  |  |  |
Balances as of October 3, 2015 | — |  |  | — |  |  | — |  |  | (8,337 | ) |  | — |  |  | (8,337 | )
Issuance of stock for services rendered | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Repurchase of common stock | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Exercise of stock options | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Issuance of shares for market-based restricted stock and time-based restricted stock | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Excess tax benefits from stock based compensation | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Equity-based compensation expense | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Components of comprehensive income: |  |  |  |  |  |  |  |  |  |  |
Net income | — |  |  | — |  |  | — |  |  | 1,343 |  |  | — |  |  | 1,343 |
Translation adjustment | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Unrealized loss on derivative instruments | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Unamortized pension costs | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total comprehensive income | — |  |  | — |  |  | — |  |  | 1,343 |  |  | — |  |  | 1,343 |
Balances as of October 1, 2016 | — |  |  | $ | — |  |  | $ | — |  |  | $ | (6,994 | ) |  | $ | — |  |  | $ | (6,994 | )
(As Restated) |  |  |  |  |  |  |  |  |  |  |
Balances as of October 3, 2015 | 71,240 |  |  | 492,339 |  |  | (124,856 | ) |  | 394,526 |  |  | (1,097 | ) |  | 760,912 |
Issuance of stock for services rendered | 50 |  |  | 551 |  |  | — |  |  | — |  |  | — |  |  | 551 |
Repurchase of common stock | (1,408 | ) |  | — |  |  | (14,551 | ) |  | — |  |  | — |  |  | (14,551 | )
Exercise of stock options | 53 |  |  | 410 |  |  | — |  |  | — |  |  | — |  |  | 410 |
Issuance of shares for market-based restricted stock and time-based restricted stock | 485 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Excess tax benefits from stock based compensation | — |  |  | 197 |  |  | — |  |  | — |  |  | — |  |  | 197 |
Equity-based compensation expense | — |  |  | 5,179 |  |  | — |  |  | — |  |  | — |  |  | 5,179 |
Components of comprehensive income: |  |  |  |  |  |  |  |  |  |  | — |
Net income | — |  |  | — |  |  | — |  |  | 48,455 |  |  | — |  |  | 48,455 |
Translation adjustment | — |  |  | — |  |  | — |  |  | — |  |  | 624 |  |  | 624 |
Unrealized loss on derivative instruments | — |  |  | — |  |  | — |  |  | — |  |  | (462 | ) |  | (462 | )
Unamortized pension costs | — |  |  | — |  |  | — |  |  | — |  |  | (1,791 | ) |  | (1,791 | )
Total comprehensive income | — |  |  | — |  |  | — |  |  | 48,455 |  |  | (1,629 | ) |  | 46,826 |
Balances as of October 1, 2016 | 70,420 |  |  | $ | 498,676 |  |  | $ | (139,407 | ) |  | $ | 442,981 |  |  | $ | (2,726 | ) |  | $ | 799,524 |
KULICKE AND SOFFA INDUSTRIES, INC. CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (in thousands)
| Common Stock |  | Treasury Stock |  | Retained earnings |  | Accumulated Other Comprehensive Income |  | Shareholders' Equity
| Shares |  | Amount |  |  |  |
(As Previously Reported) |  |  |  |  |  |  |  |  |  |  |
Balances as of September 27, 2014 | 76,626 |  |  | $ | 479,116 |  |  | $ | (46,984 | ) |  | $ | 352,224 |  |  | $ | 2,244 |  |  | 786,600 |
Issuance of stock for services rendered | 83 |  |  | 1,049 |  |  | — |  |  | — |  |  | — |  |  | 1,049 |
Repurchase of common stock | (6,405 | ) |  | — |  |  | (77,872 | ) |  | — |  |  | — |  |  | (77,872 | )
Exercise of stock options | 75 |  |  | 694 |  |  | — |  |  | — |  |  | — |  |  | 694 |
Issuance of shares for market-based restricted stock and time-based restricted stock | 861 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Excess tax benefits from stock based compensation | — |  |  | 540 |  |  | — |  |  | — |  |  | — |  |  | 540 |
Equity-based compensation expense | — |  |  | 10,940 |  |  | — |  |  | — |  |  | — |  |  | 10,940 |
Components of comprehensive income: |  |  |  |  |  |  |  |  |  |  | — |
Net income | — |  |  | — |  |  | — |  |  | 50,639 |  |  | — |  |  | 50,639 |
Translation adjustment | — |  |  | — |  |  | — |  |  | — |  |  | (3,360 | ) |  | (3,360 | )
Unamortized pension costs | — |  |  | — |  |  | — |  |  | — |  |  | 19 |  |  | 19 |
Total comprehensive income | — |  |  | — |  |  | — |  |  | 50,639 |  |  | (3,341 | ) |  | 47,298 |
Balances as of October 3, 2015 | 71,240 |  |  | $ | 492,339 |  |  | $ | (124,856 | ) |  | $ | 402,863 |  |  | $ | (1,097 | ) |  | $ | 769,249 |
(Effect of Restatement) |  |  |  |  |  |  |  |  |  |  |
Balances as of September 27, 2014 | — |  |  | — |  |  | — |  |  | (9,610 | ) |  | — |  |  | (9,610 | )
Issuance of stock for services rendered | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Repurchase of common stock | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Exercise of stock options | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Issuance of shares for market-based restricted stock and time-based restricted stock | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Excess tax benefits from stock based compensation | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Equity-based compensation expense | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Components of comprehensive income: |  |  |  |  |  |  |  |  |  |  | — |
Net income | — |  |  | — |  |  | — |  |  | 1,273 |  |  | — |  |  | 1,273 |
Translation adjustment | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Unamortized pension costs | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total comprehensive income | — |  |  | — |  |  | — |  |  | 1,273 |  |  | — |  |  | 1,273 |
Balances as of October 3, 2015 | — |  |  | $ | — |  |  | $ | — |  |  | $ | (8,337 | ) |  | $ | — |  |  | $ | (8,337 | )
(As Restated) |  |  |  |  |  |  |  |  |  |  |
Balances as of September 27, 2014 | 76,626 |  |  | 479,116 |  |  | (46,984 | ) |  | 342,614 |  |  | 2,244 |  |  | 776,990 |
Issuance of stock for services rendered | 83 |  |  | 1,049 |  |  | — |  |  | — |  |  | — |  |  | 1,049 |
Repurchase of common stock | (6,405 | ) |  | — |  |  | (77,872 | ) |  | — |  |  | — |  |  | (77,872 | )
Exercise of stock options | 75 |  |  | 694 |  |  | — |  |  | — |  |  | — |  |  | 694 |
Issuance of shares for market-based restricted stock and time-based restricted stock | 861 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Excess tax benefits from stock based compensation | — |  |  | 540 |  |  | — |  |  | — |  |  | — |  |  | 540 |
Equity-based compensation expense | — |  |  | 10,940 |  |  | — |  |  | — |  |  | — |  |  | 10,940 |
Components of comprehensive income: |  |  |  |  |  |  |  |  |  |  | — |
Net income | — |  |  | — |  |  | — |  |  | 51,912 |  |  | — |  |  | 51,912 |
Translation adjustment | — |  |  | — |  |  | — |  |  | — |  |  | (3,360 | ) |  | (3,360 | )
Unamortized pension costs | — |  |  | — |  |  | — |  |  | — |  |  | 19 |  |  | 19 |
Total comprehensive income | — |  |  | — |  |  | — |  |  | 51,912 |  |  | (3,341 | ) |  | 48,571 |
Balances as of October 3, 2015 | 71,240 |  |  | $ | 492,339 |  |  | $ | (124,856 | ) |  | $ | 394,526 |  |  | $ | (1,097 | ) |  | $ | 760,912 |
|  | Fiscal
|  | 2017
|  | As Previously Reported |  | Effect of Restatement |  | As Restated
CASH FLOWS FROM OPERATING ACTIVITIES: |  |  |  |  |  |  |  |
Net income |  | $ | 112,011 |  |  | $ | 14,088 |  |  | 126,099 |
Adjustments to reconcile net income to net cash provided by operating activities: |  |  |  |  |  |
Deferred taxes |  | (17,499 | ) |  | 741 |  |  | (16,758 | )
Accounts payable, accrued expenses and other current liabilities |  | 78,254 |  |  | (14,829 | ) |  | 63,425 |
Net cash provided by operating activities |  | 136,310 |  |  | — |  |  | 136,310 |
|  | Fiscal
|  | 2016
|  | As Previously Reported |  | Effect of Restatement |  | As Restated
CASH FLOWS FROM OPERATING ACTIVITIES: |  |  |  |  |  |  |  |
Net income |  | $ | 47,112 |  |  | $ | 1,343 |  |  | 48,455 |
Deferred taxes |  | (15,530 | ) |  | 71 |  |  | (15,459 | )
Accounts payable, accrued expenses and other current liabilities |  | 34,106 |  |  | (1,414 | ) |  | 32,692 |
Net cash provided by operating activities |  | 68,407 |  |  | — |  |  | 68,407 |
|  | Fiscal
|  | 2015
|  | As Previously Reported |  | Effect of Restatement |  | As Restated
CASH FLOWS FROM OPERATING ACTIVITIES: |  |  |  |  |  |  |  |
Net income |  | $ | 50,639 |  |  | $ | 1,273 |  |  | 51,912 |
Deferred taxes |  | (16,738 | ) |  | 67 |  |  | (16,671 | )
Accounts payable, accrued expenses and other current liabilities |  | (32,766 | ) |  | (1,340 | ) |  | (34,106 | )
Net cash provided by operating activities |  | 87,875 |  |  | — |  |  | 87,875 |

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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://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=64853466&loc=d3e22663-107794 Reference 2: 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=64853466&loc=d3e22644-107794 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=64853466&loc=d3e22658-107794 + Details
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