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Significant Accounting Policies (Tables) | 12 Months Ended
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Dec. 31, 2019
Summary of Sales Return Reserve | The following table presents a rollforward of our sales return reserve for the years ended December 31, 2019, 2018, and 2017:
|  | December 31, |
|  | 2019 |  |  | 2018 |  |  | 2017 |
Beginning balance |  | $ | 29,184 |  |  | $ | 19,005 |  |  | $ | 13,198 |
Returns |  |  | (691,953 | ) |  |  | (530,824 | ) |  |  | (385,022 | )
Provisions |  |  | 697,873 |  |  |  | 541,003 |  |  |  | 390,829 |
Ending balance |  | $ | 35,104 |  |  | $ | 29,184 |  |  | $ | 19,005 |
Topic 606 |
Schedule of Impact to Financial Statements | As a result of applying ASC 606 (see Recent Accounting Pronouncements below), the impact to our consolidated balance sheet as of December 31, 2019 was as follows (in thousands):
|  | December 31, 2019 |
|  | As reported |  |  | Impact due to ASC 606 |  |  | Without adoption |
Assets: |  |  |  |  |  |  |  |  |  |  |  |
Inventory |  | $ | 104,257 |  |  | $ | 13,586 |  |  | $ | 117,843 |
Prepaid expenses and other current assets |  |  | 24,155 |  |  |  | (12,989 | ) |  |  | 11,166 |
Total assets |  |  | 232,290 |  |  |  | 597 |  |  |  | 232,887 |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Other current liabilities |  |  | 16,740 |  |  |  | 3,149 |  |  |  | 19,889 |
Total current liabilities |  |  | 101,526 |  |  |  | 3,149 |  |  |  | 104,675 |
Stockholders' equity: |  |  |  |  |  |  |  |  |  |  |  |
Retained earnings |  |  | 56,677 |  |  |  | (2,552 | ) |  |  | 54,125 |
Total liabilities and members’/stockholders’ equity |  |  | 232,290 |  |  |  | 597 |  |  |  | 232,887 |
As a result of applying Topic 606, the impact to our consolidated statements of income for the year ended December 31, 2019 was as follows (in thousands):
|  | Year ended December 31, 2019 |
|  | As reported |  |  | Impact due to ASC 606 |  |  | Without adoption |
Net sales |  | $ | 600,993 |  |  | $ | (2,389 | ) |  | $ | 598,604 |
Selling and distribution |  |  | 87,706 |  |  |  | 123 |  |  |  | 87,829 |
Net income |  |  | 35,667 |  |  |  | (2,266 | ) |  |  | 33,401 |

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