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RESTATEMENT OF CONSOLIDATED FINANCIAL STATEMENTS (Tables)

6 Months Ended

Mar. 31, 2018

Accounting Changes and Error Corrections [Abstract]

Schedule of Error Corrections and Prior Period Adjustments

KULICKE AND SOFFA INDUSTRIES, INC.

CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS

(in thousands, except per share data)

Unaudited

		Three Months Ended
		April 1, 2017
		As Previously Reported				Effect of Restatement				As Restated
Cost of sales		109,322				(1,972		)		107,350
Gross profit		90,291				1,972				92,263
Selling, general and administrative		32,666				(1,926		)		30,740
Operating expenses		57,686				(1,926		)		55,760
Income from operations		32,605				3,898				36,503
Income from operations before income taxes		33,923				3,898				37,821
Income tax expense		4,882				269				5,151
Net income		$	29,041			$	3,629			$	32,670
Net income per share:
Basic		$	0.41			$	0.05			$	0.46
Diluted		$	0.40			$	0.05			$	0.45

		Six Months Ended
		April 1, 2017
		As Previously Reported				Effect of Restatement				As Restated
Cost of sales		190,643				(2,081		)		188,562
Gross profit		158,609				2,081				160,690
Selling, general and administrative		62,198				(3,595		)		58,603
Operating expenses		108,723				(3,595		)		105,128
Income from operations		49,886				5,676				55,562
Income from operations before income taxes		52,114				5,676				57,790
Income tax expense		7,490				234				7,724
Net income		$	44,624			$	5,442			$	50,066
Net income per share:
Basic		$	0.63			$	0.08			$	0.71
Diluted		$	0.62			$	0.07			$	0.69

KULICKE AND SOFFA INDUSTRIES, INC.

CONSOLIDATED CONDENSED STATEMENTS OF COMPREHENSIVE INCOME

(in thousands)

Unaudited

		Three Months Ended
		April 1, 2017
		As Previously Reported				Effect of Restatement				As Restated
Net income		$	29,041			$	3,629			$	32,670
Comprehensive income		$	31,734			$	3,629			$	35,363

		Six Months Ended
		April 1, 2017
		As Previously Reported				Effect of Restatement				As Restated
Net income		$	44,624			$	5,442			$	50,066
Comprehensive income		$	41,800			$	5,442			$	47,242

ULICKE AND SOFFA INDUSTRIES, INC.

CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS

(in thousands)

Unaudited

		Six Months Ended
		April 1, 2017
		As Previously Reported				Effect of Restatement				As Restated
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income		$	44,624			$	5,442			50,066
Adjustments to reconcile net income to net cash provided by operating activities:
Deferred taxes		4,638				234				4,872
Accounts payable, accrued expenses and other current liabilities		41,007				(5,676		)		35,331
Net cash provided by operating activities		42,978				—				42,978

X

- References

No definition available.

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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://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

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