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RESTATEMENT OF CONSOLIDATED FINANCIAL STATEMENTS (Tables)
 9 Months Ended
Jun. 30, 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
 
 
July 1, 2017
 
 
As Previously Reported
 
Effect of Restatement
 
As Restated
Cost of sales
 
$
132,199

 
$
(2,305
)
 
$
129,894

Gross profit
 
111,698

 
2,305

 
114,003

Selling, general and administrative
 
39,047

 
(1,903
)
 
37,144

Operating expenses
 
100,234

 
(1,903
)
 
98,331

Income from operations
 
11,464

 
4,208

 
15,672

Income from operations before income taxes
 
12,951

 
4,208

 
17,159

Income tax (benefit) / expense
 
(17,867
)
 
210

 
(17,657
)
Net income
 
$
30,811

 
$
3,998

 
$
34,809

 
 
 
 
 
 
 
Net income per share:
 
 

 
 

 
 
Basic
 
$
0.43

 
$
0.06

 
$
0.49

Diluted
 
$
0.43

 
$
0.06

 
$
0.48


 
 
Nine Months Ended
 
 
July 1, 2017
 
 
As Previously Reported
 
Effect of Restatement
 
As Restated
Cost of sales
 
$
322,842

 
$
(4,386
)
 
$
318,456

Gross profit
 
270,307

 
4,386

 
274,693

Selling, general and administrative
 
101,245

 
(5,498
)
 
95,747

Operating expenses
 
208,957

 
(5,498
)
 
203,459

Income from operations
 
61,350

 
9,884

 
71,234

Income from operations before income taxes
 
65,065

 
9,884

 
74,949

Income tax (benefit) / expense
 
(10,377
)
 
444

 
(9,933
)
Net income
 
$
75,435

 
$
9,440

 
$
84,875

 
 
 
 
 
 
 
Net income per share:
 
 

 
 

 
 
Basic
 
$
1.06

 
$
0.13

 
$
1.20

Diluted
 
$
1.05

 
$
0.13

 
$
1.18

KULICKE AND SOFFA INDUSTRIES, INC.
CONSOLIDATED CONDENSED STATEMENTS OF COMPREHENSIVE INCOME
(in thousands)
Unaudited
 
 
Three Months Ended
 
 
July 1, 2017
 
 
As Previously Reported
 
Effect of Restatement
 
As Restated
Net income
 
$
30,811

 
$
3,998

 
$
34,809

Comprehensive income
 
$
34,161

 
$
3,998

 
$
38,159

 
 
Nine Months Ended
 
 
July 1, 2017
 
 
As Previously Reported
 
Effect of Restatement
 
As Restated
Net income
 
$
75,435


$
9,440


$
84,875

Comprehensive income
 
$
75,961

 
$
9,440

 
$
85,401

ULICKE AND SOFFA INDUSTRIES, INC.
CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS
(in thousands)
Unaudited


 
 
Nine Months Ended
 
 
July 1, 2017
 
 
As Previously Reported
 
Effect of Restatement
 
As Restated
CASH FLOWS FROM OPERATING ACTIVITIES:
 
 

 
 

 
 
Net income
 
$
75,435

 
$
9,440

 
84,875

Adjustments to reconcile net income to net cash provided by operating activities:
 
 
 
 
 
 
Deferred taxes
 
(10,526
)
 
444

 
(10,082
)
Accounts payable, accrued expenses and other current liabilities
 
83,234

 
(9,884
)
 
73,350

Net cash provided by operating activities
 
$
68,166

 
$
—

 
$
68,166