XML 36 R25.htm IDEA: XBRL DOCUMENT v3.8.0.1
RESTATEMENT OF CONSOLIDATED FINANCIAL STATEMENTS (Tables)
 3 Months Ended
Dec. 30, 2017
Accounting Changes and Error Corrections [Abstract]  
Schedule of Error Corrections and Prior Period Adjustments
 
 
As of
 
 
December 30, 2017
 
 
As Previously Reported
 
Effect of Restatement
 
As Restated
Accounts payable
 
68,370

 
(5,802
)
 
62,568

Accrued expenses and other current liabilities
 
80,147

 
(2,253
)
 
77,894

Income taxes payable
 
18,137

 
105

 
18,242

Total current liabilities
 
166,654

 
(7,950
)
 
158,704

 
 
 
 
 
 
 
Deferred income taxes
 
26,940

 
373

 
27,313

Income taxes payable
 
89,491

 
674

 
90,165

TOTAL LIABILITIES
 
$
308,215

 
$
(6,903
)
 
$
301,312

 
 
 
 
 
 
 
Retained earnings
 
496,655

 
6,903

 
503,558

TOTAL SHAREHOLDERS' EQUITY
 
$
850,371

 
$
6,903

 
$
857,274

 
 
Three Months Ended
 
 
December 30, 2017
 
 
As Previously Reported
 
Effect of Restatement
 
As Restated
Cost of sales
 
114,652

 
1,837

 
116,489

Gross profit
 
99,039

 
(1,837
)
 
97,202

Selling, general and administrative
 
30,218

 
(2,425
)
 
27,793

Operating expenses
 
60,468

 
(2,425
)
 
58,043

Income from operations
 
38,571

 
588

 
39,159

Income from operations before income taxes
 
40,280

 
588

 
40,868

Income tax expense
 
109,633

 
779

 
110,412

Net loss
 
$
(69,337
)
 
$
(191
)
 
$
(69,528
)
 
 
 
 
 
 
 
Net loss per share:
 
 

 
 

 
 
Basic
 
$
(0.98
)
 
$
(0.01
)
 
$
(0.99
)
Diluted
 
$
(0.98
)
 
$
(0.01
)
 
$
(0.99
)

 
 
Three Months Ended
 
 
December 31, 2016
 
 
As Previously Reported
 
Effect of Restatement
 
As Restated
Cost of sales
 
81,321

 
(109
)
 
81,212

Gross profit
 
68,318

 
109

 
68,427

Selling, general and administrative
 
29,532

 
(1,669
)
 
27,863

Operating expenses
 
51,037

 
(1,669
)
 
49,368

Income from operations
 
17,281

 
1,778

 
19,059

Income from operations before income taxes
 
18,191

 
1,778

 
19,969

Income tax expense
 
2,608

 
(35
)
 
2,573

Net income
 
$
15,583

 
$
1,813

 
$
17,396

 
 
 
 
 
 
 
Net income per share:
 
 

 
 

 
 
Basic
 
$
0.22

 
$
0.03

 
$
0.25

Diluted
 
$
0.22

 
$
0.02

 
$
0.24



 
 
Three Months Ended
 
 
December 30, 2017
 
 
As Previously Reported
 
Effect of Restatement
 
As Restated
Net loss
 
$
(69,337
)
 
$
(191
)
 
$
(69,528
)
Comprehensive loss
 
$
(67,512
)
 
$
(191
)
 
$
(67,703
)

 
 
Three Months Ended
 
 
December 31, 2016
 
 
As Previously Reported
 
Effect of Restatement
 
As Restated
Net income
 
$
15,583

 
$
1,813

 
$
17,396

Comprehensive income
 
$
10,066

 
$
1,813

 
$
11,879



 
 
Three Months Ended
 
 
December 30, 2017
 
 
As Previously Reported
 
Effect of Restatement
 
As Restated
CASH FLOWS FROM OPERATING ACTIVITIES:
 
 

 
 

 
 
Net loss
 
$
(69,337
)
 
$
(191
)
 
(69,528
)
Adjustments to reconcile net income to net cash provided by operating activities:
 
 
 
 
 
 
Accounts payable, accrued expenses and other current liabilities
 
(36,551
)
 
(588
)
 
(37,139
)
Income taxes payable
 
84,560

 
779

 
85,339

Net cash provided by operating activities
 
50,333

 
—

 
50,333


 
 
Three Months Ended
 
 
December 31, 2016
 
 
As Previously Reported
 
Effect of Restatement
 
As Restated
CASH FLOWS FROM OPERATING ACTIVITIES:
 
 

 
 

 
 
Net income
 
$
15,583

 
$
1,813

 
17,396

Adjustments to reconcile net income to net cash provided by operating activities:
 
 
 
 
 
 
Deferred taxes
 
840

 
(35
)
 
805

Accounts payable, accrued expenses and other current liabilities
 
(3,223
)
 
(1,778
)
 
(5,001
)
Net cash provided by operating activities
 
30,049

 
—

 
30,049