XML 23 R13.htm IDEA: XBRL DOCUMENT
v3.23.2

Revision to Previously Reported Financial Information | 6 Months Ended
--- | ---
Jun. 30, 2023
Accounting Changes and Error Corrections [Abstract] |
Revision to Previously Reported Financial Information | 3. Revision to Previously Reported Financial Information In conjunction with our close process for the second quarter of 2023, we identified accounting errors related to an indemnification receivable and duplicate billing errors impacting prior periods. In the third quarter of 2022, due to the expiration of the statute of limitations of an Uncertain Tax Position ("UTP"), we released the liability for this UTP, but failed to write-off the related indemnification receivable previously obtained from the seller of an acquired business, resulting in an overstatement of operating income during the period. In addition, the Company identified billing errors in 2022 and 2021 that resulted in an overstatement of revenue and trade receivables. The following table presents the impact of correcting the errors on the affected line items of our condensed consolidated balance sheet as of December 31, 2022:
|  | December 31, 2022 |
|  | As Reported |  |  | Adjustments |  |  | As Revised |
|  | (In thousands) |
Trade receivables, net |  | $ | 91,504 |  |  | $ | (643 | ) |  | $ | 90,861 |
Other current assets |  |  | 34,359 |  |  |  | (1,921 | ) |  |  | 32,438 |
Total current assets |  |  | 752,588 |  |  |  | (2,564 | ) |  |  | 750,024 |
Total assets |  |  | 972,515 |  |  |  | (2,564 | ) |  |  | 969,951 |
Total stockholders' equity |  |  | 874,916 |  |  |  | (2,564 | ) |  |  | 872,352 |
The following table presents the impact of correcting the errors on the affected line items of our condensed consolidated statement of income (loss) for the twelve months ended December 31, 2022:
|  | Twelve months ended December 31, 2022 |
|  | As Reported |  |  | Adjustments |  |  | As Revised |
|  | (In thousands, except per share data) |
Total revenues |  | $ | 362,070 |  |  | $ | (146 | ) |  | $ | 361,924 |
Restructuring and other charges |  |  | 11,443 |  |  |  | 1,921 |  |  |  | 13,364 |
Operating income |  |  | 2,521 |  |  |  | (2,067 | ) |  |  | 454 |
Income before income taxes |  |  | 6,770 |  |  |  | (2,067 | ) |  |  | 4,703 |
Net income (loss) |  |  | 443 |  |  |  | (2,067 | ) |  |  | (1,624 | )
Income (loss) per common share: |  |  |  |  |  |  |  |  |
Basic |  |  | 0.01 |  |  |  | (0.06 | ) |  |  | (0.05 | )
Diluted |  |  | 0.01 |  |  |  | (0.06 | ) |  |  | (0.05 | )
The following table presents the impact of correcting the errors on the affected line items of our condensed consolidated balance sheet as of September 30, 2022:
|  | September 30, 2022 |
|  | As Reported |  |  | Adjustments |  |  | As Revised |
|  | (In thousands) |
Other current assets |  | $ | 49,457 |  |  | $ | (1,921 | ) |  | $ | 47,536 |
Total current assets |  |  | 745,758 |  |  |  | (1,921 | ) |  |  | 743,837 |
Total assets |  |  | 970,524 |  |  |  | (1,921 | ) |  |  | 968,603 |
Total stockholders' equity |  |  | 864,837 |  |  |  | (1,921 | ) |  |  | 862,916 |
The following table presents the impact of correcting the errors on the affected line items of our condensed consolidated statement of income (loss) for the three months ended September 30, 2022:
|  | Three months ended September 30, 2022 |
|  | As Reported |  |  | Adjustments |  |  | As Revised |
|  | (In thousands, except per share data) |
Restructuring and other charges |  | $ | 2,180 |  |  | $ | 1,921 |  |  | $ | 4,101 |
Operating income (loss) |  |  | 14,352 |  |  |  | (1,921 | ) |  |  | 12,431 |
Income (loss) before income taxes |  |  | 14,600 |  |  |  | (1,921 | ) |  |  | 12,679 |
Net income (loss) |  |  | 15,210 |  |  |  | (1,921 | ) |  |  | 13,289 |
Income (loss) per common share: |  |  |  |  |  |  |  |  |
Basic |  |  | 0.45 |  |  |  | (0.06 | ) |  |  | 0.39 |
Diluted |  |  | 0.44 |  |  |  | (0.06 | ) |  |  | 0.38 |
The following table presents the impact of correcting the errors on the affected line items of our condensed consolidated statement of income (loss) for the nine months ended September 30, 2022:
|  | Nine months ended September 30, 2022 |
|  | As Reported |  |  | Adjustments |  |  | As Revised |
|  | (In thousands, except per share data) |
Restructuring and other charges |  | $ | 7,977 |  |  | $ | 1,921 |  |  | $ | 9,898 |
Operating income (loss) |  |  | 4,892 |  |  |  | (1,921 | ) |  |  | 2,971 |
Income (loss) before income taxes |  |  | 5,763 |  |  |  | (1,921 | ) |  |  | 3,842 |
Net income (loss) |  |  | 702 |  |  |  | (1,921 | ) |  |  | (1,219 | )
Income (loss) per common share: |  |  |  |  |  |  |  |  |
Basic |  |  | 0.02 |  |  |  | (0.06 | ) |  |  | (0.04 | )
Diluted |  |  | 0.02 |  |  |  | (0.06 | ) |  |  | (0.04 | )
The following table presents the impact of correcting the errors on the affected line items of our condensed consolidated balance sheet as of December 31, 2021:
|  | December 31, 2021 |
|  | As Reported |  |  | Adjustments |  |  | As Revised |
|  | (In thousands) |
Trade receivables, net |  | $ | 100,987 |  |  | $ | (497 | ) |  | $ | 100,490 |
Total current assets |  |  | 745,549 |  |  |  | (497 | ) |  |  | 745,052 |
Total assets |  |  | 1,010,426 |  |  |  | (497 | ) |  |  | 1,009,929 |
Total stockholders' equity |  |  | 897,108 |  |  |  | (497 | ) |  |  | 896,611 |
The following table presents the impact of correcting the errors on the affected line items of our condensed consolidated statement of income (loss) for the twelve months ended December 31, 2021:
|  | Twelve months ended December 31, 2021 |
|  | As Reported |  |  | Adjustments |  |  | As Revised |
|  | (In thousands, except per share data) |
Total revenues |  | $ | 322,945 |  |  | $ | (497 | ) |  | $ | 322,448 |
Operating income (loss) |  |  | (124,838 | ) |  |  | (497 | ) |  |  | (125,335 | )
Income (loss) before income taxes |  |  | (125,050 | ) |  |  | (497 | ) |  |  | (125,547 | )
Net income (loss) |  |  | (127,996 | ) |  |  | (497 | ) |  |  | (128,493 | )
Income (loss) per common share: |  |  |  |  |  |  |  |  | - |
Basic |  |  | (3.62 | ) |  |  | (0.01 | ) |  |  | (3.63 | )
Diluted |  |  | (3.62 | ) |  |  | (0.01 | ) |  |  | (3.63 | )
The condensed consolidated statement of stockholders’ equity for the period from January 1, 2022 to June 30, 2022 and the period from April 1, 2022 to June 30, 2022 has also been revised to reflect the impacts to net earnings. The impact of the error arising in 2021, as reflected above, has been reflected as a reduction to opening retained earnings in the amount of $0.5 million in the condensed consolidated statement of stockholders’ equity. The Company also assessed the impact of all these errors on the statement of cash flows and noted that there was no impact to the net cash provided by (used in) operating activities as the changes in assets and net income offset completely.

X
- References No definition available. + Details
Name: | us-gaap_AccountingChangesAndErrorCorrectionsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for change in accounting principle. Includes, but is not limited to, nature, reason, and method of adopting amendment to accounting standards or other change in accounting principle. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 40 -Name Accounting Standards Codification -Section 65 -Paragraph 2 -Subparagraph (g)(2)(i) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480016/944-40-65-2 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 40 -Name Accounting Standards Codification -Section 65 -Paragraph 2 -Subparagraph (g)(2)(ii) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480016/944-40-65-2 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 40 -Name Accounting Standards Codification -Section 65 -Paragraph 2 -Subparagraph (g)(2)(iii) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480016/944-40-65-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 40 -Name Accounting Standards Codification -Section 65 -Paragraph 2 -Subparagraph (g)(2)(iv) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480016/944-40-65-2 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 40 -Name Accounting Standards Codification -Section 65 -Paragraph 2 -Subparagraph (h)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480016/944-40-65-2 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 5 -Subparagraph (SAB Topic 11.M.Q2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480530/250-10-S99-5 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b)(4) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483443/250-10-50-1 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 20 -Name Accounting Standards Codification -Section 65 -Paragraph 6 -Subparagraph (i)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480528/815-20-65-6 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 10 -Name Accounting Standards Codification -Section 65 -Paragraph 5 -Subparagraph (f)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479832/842-10-65-5 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 10 -Name Accounting Standards Codification -Section 65 -Paragraph 5 -Subparagraph (f)(3) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479832/842-10-65-5 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 40 -Name Accounting Standards Codification -Section 65 -Paragraph 2 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480175/815-40-65-2 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 40 -Name Accounting Standards Codification -Section 65 -Paragraph 2 -Subparagraph (c)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480175/815-40-65-2 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 40 -Name Accounting Standards Codification -Section 65 -Paragraph 2 -Subparagraph (c)(3) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480175/815-40-65-2 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 848 -SubTopic 10 -Name Accounting Standards Codification -Section 65 -Paragraph 2 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483550/848-10-65-2 Reference 15: http://www.xbrl.org/2003/role/disclosureRef -Topic 105 -SubTopic 10 -Name Accounting Standards Codification -Section 65 -Paragraph 6 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479343/105-10-65-6 Reference 16: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483443/250-10-50-1 Reference 17: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 65 -Paragraph 8 -Subparagraph (e)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482615/740-10-65-8 Reference 18: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 65 -Paragraph 8 -Subparagraph (e)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482615/740-10-65-8 Reference 19: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 65 -Paragraph 8 -Subparagraph (e)(3) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482615/740-10-65-8 Reference 20: http://www.xbrl.org/2003/role/disclosureRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 65 -Paragraph 6 -Subparagraph (e)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482833/825-10-65-6 Reference 21: http://www.xbrl.org/2003/role/disclosureRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 65 -Paragraph 6 -Subparagraph (e)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482833/825-10-65-6 Reference 22: http://www.xbrl.org/2003/role/disclosureRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 65 -Paragraph 6 -Subparagraph (e)(3) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482833/825-10-65-6 Reference 23: http://www.xbrl.org/2003/role/disclosureRef -Topic 326 -SubTopic 10 -Name Accounting Standards Codification -Section 65 -Paragraph 4 -Subparagraph (e)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479654/326-10-65-4 Reference 24: http://www.xbrl.org/2003/role/disclosureRef -Topic 326 -SubTopic 10 -Name Accounting Standards Codification -Section 65 -Paragraph 4 -Subparagraph (e)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479654/326-10-65-4 Reference 25: http://www.xbrl.org/2003/role/disclosureRef -Topic 926 -SubTopic 20 -Name Accounting Standards Codification -Section 65 -Paragraph 2 -Subparagraph (f)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483194/926-20-65-2 Reference 26: http://www.xbrl.org/2003/role/disclosureRef -Topic 926 -SubTopic 20 -Name Accounting Standards Codification -Section 65 -Paragraph 2 -Subparagraph (f)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483194/926-20-65-2 Reference 27: http://www.xbrl.org/2003/role/disclosureRef -Topic 926 -SubTopic 20 -Name Accounting Standards Codification -Section 65 -Paragraph 2 -Subparagraph (f)(3) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483194/926-20-65-2 Reference 28: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480530/250-10-S99-6 Reference 29: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483443/250-10-50-1 Reference 30: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483443/250-10-50-1 Reference 31: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Topic 250 -Publisher FASB -URI https://asc.fasb.org//250/tableOfContent Reference 32: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 40 -Name Accounting Standards Codification -Section 65 -Paragraph 1 -Subparagraph (e)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480175/815-40-65-1 Reference 33: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 65 -Paragraph 2 -Subparagraph (d)(1) -SubTopic 20 -Topic 310 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481925/310-20-65-2 Reference 34: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 65 -Paragraph 2 -Subparagraph (d)(2) -SubTopic 20 -Topic 310 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481925/310-20-65-2 + Details
Name: | us-gaap_NewAccountingPronouncementsAndChangesInAccountingPrinciplesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration