XML 36 R25.htm IDEA: XBRL DOCUMENT v3.21.2

Consolidated financial statements (Tables)

6 Months Ended

Jun. 30, 2021

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Impact of revision on consolidated financial statements

The impact of the revision on the consolidated statement of comprehensive loss for the six months ended June 30, 2020 was as follows:

(in thousands, except per share amounts)						As previously reported						Adjustments						As revised
Asset impairment charges						$	(95,213)					$	(3,776)					$	(98,989)
Operating loss						(36,499)						(3,776)						(40,275)
Loss before income taxes						(43,389)						(3,776)						(47,165)
Income tax provision						(1,864)						212						(1,652)
Net loss						(45,253)						(3,564)						(48,817)
Net loss attributable to Deluxe						(45,272)						(3,564)						(48,836)
Total comprehensive loss						(53,085)						(3,564)						(56,649)
Comprehensive loss attributable to Deluxe						(53,104)						(3,564)						(56,668)
Basic loss per share						(1.08)						(0.09)						(1.17)
Diluted loss per share						(1.10)						(0.08)						(1.18)

The impact of the revision on the consolidated balance sheet as of December 31, 2020 was as follows:

(in thousands)						As previously reported						Adjustments						As revised
ASSETS
Deferred income taxes						$	5,444					$	1,198					$	6,642
Goodwill						736,844						(33,886)						702,958
Total assets						1,874,863						(32,688)						1,842,175
LIABILITIES AND SHAREHOLDERS' EQUITY
Deferred income taxes						$	10,643					$	(5,242)					$	5,401
Retained earnings						522,599						(27,446)						495,153
Total shareholders' equity						540,838						(27,446)						513,392
Total liabilities and shareholders' equity						1,874,863						(32,688)						1,842,175

The impact of the revision on the consolidated statement of cash flows for the six months ended June 30, 2020 was as follows:

(in thousands)						As previously reported						Adjustments						As revised
Cash flows from operating activities:
Net loss						$	(45,253)					$	(3,564)					$	(48,817)
Asset impairment charges						95,213						3,776						98,989
Deferred income taxes						(10,886)						(212)						(11,098)

X

- References

No definition available.

+ Details

Name:	us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22663-107794

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22644-107794

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22658-107794

+ Details

Name:	us-gaap_ScheduleOfErrorCorrectionsAndPriorPeriodAdjustmentsTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration