XML 43 R32.htm IDEA: XBRL DOCUMENT
v3.10.0.1

Accounting and Reporting Changes (Tables) | 3 Months Ended
--- | ---
Jun. 30, 2018
ASU 2014-09 [Member] |
Summary of Adoption of New Revenue Recognition Standard | The following table presents the cumulative effect of the changes made to the Company’s Consolidated Balance Sheet as of April 1, 2018 for the adoption of the new revenue recognition standard:
|  | Balance at March 31, 2018 |  |  | Adjustments Due to Adoption of Revenue Recognition Standard |  |  | Balance at April 1, 2018 |
Assets |  |  |  |  |  |  |  |  |  |  |  |
Trade accounts receivable |  | $ | 17,026 |  |  | $ | 538 |  |  | $ | 17,564 |
Unbilled revenue |  |  | 8,079 |  |  |  | (1,987 | ) |  |  | 6,092 |
Inventories |  |  | 11,566 |  |  |  | 12,985 |  |  |  | 24,551 |
Prepaid expenses and other current assets |  |  | 772 |  |  |  | 118 |  |  |  | 890 |
Other assets |  |  | 202 |  |  |  | 69 |  |  |  | 271 |
Liabilities |  |  |  |  |  |  |  |  |  |  |  |
Accounts payable |  |  | 16,151 |  |  |  | (706 | ) |  |  | 15,445 |
Accrued compensation |  |  | 4,958 |  |  |  | (172 | ) |  |  | 4,786 |
Accrued expenses and other current liabilities |  |  | 2,885 |  |  |  | 484 |  |  |  | 3,369 |
Customer deposits |  |  | 13,213 |  |  |  | 13,372 |  |  |  | 26,585 |
Deferred income tax liability |  |  | 1,427 |  |  |  | (233 | ) |  |  | 1,194 |
Stockholders’ equity: |  |  |  |  |  |  |  |  |  |  |  |
Retained earnings |  |  | 99,011 |  |  |  | (1,022 | ) |  |  | 97,989 |
The following tables present the impact of adoption on the Consolidated Statement of Income and Balance Sheet:
|  | June 30, 2018 |
|  | As Reported |  |  | Balances Without Adoption of Revenue Recognition Standard |  |  | Effect of Change |
Consolidated Statement of Income |  |  |  |  |  |  |
Net sales |  | $ | 29,551 |  |  | $ | 26,522 |  |  | $ | 3,029 |
Cost of products sold |  |  | 22,409 |  |  |  | 19,640 |  |  |  | 2,769 |
Gross profit |  |  | 7,142 |  |  |  | 6,882 |  |  |  | 260 |
Selling, general and administrative |  |  | 4,551 |  |  |  | 4,476 |  |  |  | 75 |
Income before provision for income taxes |  |  | 3,025 |  |  |  | 2,840 |  |  |  | 185 |
Provision for income taxes |  |  | 702 |  |  |  | 657 |  |  |  | 45 |
Net income |  |  | 2,323 |  |  |  | 2,183 |  |  |  | 140 |
|  | June 30, 2018 |
|  | As Reported |  |  | Balances Without Adoption of Revenue Recognition Standard |  |  | Effect of Change |
Balance Sheet |  |  |  |  |  |  |
Assets |  |  |  |  |  |  |  |  |  |  |  |
Trade accounts receivable, net of allowances |  | $ | 12,698 |  |  | $ | 12,018 |  |  | $ | 680 |
Unbilled revenue |  |  | 11,844 |  |  |  | 12,399 |  |  |  | (555 | )
Inventories |  |  | 19,323 |  |  |  | 9,202 |  |  |  | 10,121 |
Prepaid expenses and other current assets |  |  | 1,342 |  |  |  | 1,229 |  |  |  | 113 |
Other assets |  |  | 221 |  |  |  | 187 |  |  |  | 34 |
Liabilities and stockholders’ equity |  |  |  |  |  |  |  |  |  |  |  |
Accounts payable |  |  | 8,296 |  |  |  | 8,293 |  |  |  | 3 |
Accrued compensation |  |  | 5,001 |  |  |  | 5,201 |  |  |  | (200 | )
Accrued expenses and other current liabilities |  |  | 3,469 |  |  |  | 3,540 |  |  |  | (71 | )
Customer deposits |  |  | 25,867 |  |  |  | 14,135 |  |  |  | 11,732 |
Deferred income tax liability |  |  | 1,417 |  |  |  | 1,639 |  |  |  | (222 | )
Stockholders’ equity |  |  |  |  |  |  |  |  |  |  |  |
Retained earnings |  |  | 99,427 |  |  |  | 100,176 |  |  |  | (749 | )
Accumulated other comprehensive loss |  |  | (8,279 | ) |  |  | (8,179 | ) |  |  | (100 | )

X
- 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22499-107794 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=109236672&loc=d3e765-108305 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -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 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22580-107794 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=109236672&loc=d3e725-108305 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22583-107794 + Details
Name: | us-gaap_ScheduleOfNewAccountingPronouncementsAndChangesInAccountingPrinciplesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_AdjustmentsForNewAccountingPronouncementsAxis=us-gaap_AccountingStandardsUpdate201409Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |