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SIGNIFICANT ACCOUNTING POLICIES (Tables) | 12 Months Ended
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Dec. 31, 2021
Accounting Policies [Abstract] |
Impact of revision on consolidated financial statements | The impact of the revision on the consolidated statements of income (loss) and the consolidated statements of comprehensive income (loss) was as follows:
(in thousands) |  | Previously reported |  | Adjustment |  | Revised
Year ended December 31, 2020: |  |  |  |  |  |
Asset impairment charges |  | $ | (97,973) |  |  | $ | (3,776) |  |  | $ | (101,749) |
Operating income |  | 44,505 |  |  | (3,776) |  |  | 40,729 |
Income before income taxes |  | 30,579 |  |  | (3,776) |  |  | 26,803 |
Income tax provision |  | (21,680) |  |  | 212 |  |  | (21,468) |
Net income |  | 8,899 |  |  | (3,564) |  |  | 5,335 |
Net income attributable to Deluxe |  | 8,808 |  |  | (3,564) |  |  | 5,244 |
Basic earnings per share |  | 0.21 |  |  | (0.09) |  |  | 0.12 |
Diluted earnings per share |  | 0.19 |  |  | (0.08) |  |  | 0.11 |
Comprehensive income |  | 15,413 |  |  | (3,564) |  |  | 11,849 |
Comprehensive income attributable to Deluxe |  | 15,322 |  |  | (3,564) |  |  | 11,758 |
Year ended December 31, 2019: |  |  |  |  |  |
Asset impairment charges |  | $ | (390,980) |  |  | $ | (30,110) |  |  | $ | (421,090) |
Operating loss |  | (158,141) |  |  | (30,110) |  |  | (188,251) |
Loss before income taxes |  | (185,630) |  |  | (30,110) |  |  | (215,740) |
Income tax provision |  | (14,267) |  |  | 6,228 |  |  | (8,039) |
Net loss |  | (199,897) |  |  | (23,882) |  |  | (223,779) |
Net loss attributable to Deluxe |  | (199,897) |  |  | (23,882) |  |  | (223,779) |
Basic loss per share |  | (4.65) |  |  | (0.55) |  |  | (5.20) |
Diluted loss per share |  | (4.65) |  |  | (0.55) |  |  | (5.20) |
Comprehensive loss |  | (191,265) |  |  | (23,882) |  |  | (215,147) |
Comprehensive loss attributable to Deluxe |  | (191,265) |  |  | (23,882) |  |  | (215,147) |
The impact of the revision on the consolidated balance sheet as of December 31, 2020 was as follows:
(in thousands) |  | Previously reported |  | Adjustment |  | 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 statements of cash flows was as follows:
(in thousands) |  | Previously reported |  | Adjustment |  | Revised
Year ended December 31, 2020: |  |  |  |  |  |
Cash flows from operating activities: |  |  |  |  |  |
Net income |  | $ | 8,899 |  |  | $ | (3,564) |  |  | $ | 5,335 |
Asset impairment charges |  | 97,973 |  |  | 3,776 |  |  | 101,749 |
Deferred income taxes |  | (5,244) |  |  | (212) |  |  | (5,456) |
Year ended December 31, 2019: |  |  |  |  |  |
Cash flows from operating activities: |  |  |  |  |  |
Net loss |  | $ | (199,897) |  |  | $ | (23,882) |  |  | $ | (223,779) |
Asset impairment charges |  | 390,980 |  |  | 30,110 |  |  | 421,090 |
Deferred income taxes |  | (34,950) |  |  | (6,228) |  |  | (41,178) |

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- 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=124431687&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=124431687&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=124431687&loc=d3e22658-107794 + Details
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