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Summary of Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2018

Summary of Significant Accounting Policies [Abstract]

Impacts of Adopting ASU 606 on Consolidated Financial Statement

The cumulative effect of the changes made to our consolidated balance sheet as of January 1, 2018 for the adoption of ASU 2014-09 is as follows (in thousands):

		Balance at December 31, 2017				Adjustments Due to Adoption of ASU 2014-09				Balance at January 1, 2018
Balance Sheet
Unreturned customer inventories		$	—			$	19,950			$	19,950
Accrued customer returns			35,916				6,670				42,586
Accrued core liability			11,899				14,469				26,368
Retained earnings			357,153				(1,189	)			355,964

The adoption of ASU 2014-09 resulted in the following changes to our consolidated balance sheet as of March 31, 2018 and our consolidated statement of operations for the three months ended March 31, 2018 (in thousands):

		As Reported				Balances Without Adoption of ASU 2014-09				Effect of Change
Balance Sheet
Unreturned customer inventories		$	18,674			$	—			$	18,674
Prepaid expenses and other current assets			12,672				12,810				(138	)
Accrued customer returns			43,031				35,817				7,214
Accrued core liability			23,751				11,631				12,120
Retained earnings			359,232				360,030				(798	)
Statement of Operations
Net sales		$	261,826			$	259,478			$	2,348
Cost of sales			189,237				187,418				1,819
Earnings from continuing operations before taxes			11,644				11,115				529
Provision for income taxes			3,047				2,909				138
Net earnings			7,989				7,598				391

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- Definition

Tabular disclosure of changes in accounting principles, including adoption of new accounting pronouncements, that describes the new methods, amount and effects on financial statement line items.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=64853466&loc=d3e22580-107794

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 270
-SubTopic 10
-Section 45
-Paragraph 13
-URI http://asc.fasb.org/extlink&oid=68064558&loc=d3e765-108305

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=64853466&loc=d3e22499-107794

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 270
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.10-01.(b)(6))
-URI http://asc.fasb.org/extlink&oid=27015980&loc=d3e46468-122699

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
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-Section 50
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-URI http://asc.fasb.org/extlink&oid=64853466&loc=d3e22583-107794

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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-Section 45
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-URI http://asc.fasb.org/extlink&oid=68064558&loc=d3e725-108305

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