Basis of Presentation (Tables)

6 Months Ended

Jun. 30, 2014

Company has Revised Certain Amounts Previously Reported in Financial Statements

Accordingly, the Company has revised certain amounts previously reported as of and for the three months ended March 31, 2014 as follows (in thousands, except for per share amounts):


	Three Months Ended March 31, 2014
Condensed Consolidated Statement of Operations	As Previously Reported			Adjustment			As Revised
Loss from continuing operations	$	(1,211	)	$	—		$	(1,211	)
Income tax expense (benefit) from discontinued operations		(6,066	)		2,214			(3,852	)
Loss on discontinued operations		(8,679	)		(2,214	)		(10,893	)
Net Loss	$	(9,890	)	$	(2,214	)	$	(12,104	)

Basic loss per share - discontinued operations	$	(0.91	)	$	(0.23	)	$	(1.14	)
Basic loss per share - total	$	(1.04	)	$	(0.23	)	$	(1.27	)
Diluted loss per share - discontinued operations	$	(0.91	)	$	(0.23	)	$	(1.14	)
Diluted loss per share - total	$	(1.04	)	$	(0.23	)	$	(1.27	)


	March 31, 2014
Condensed Consolidated Balance Sheet	As Previously Reported		Adjustment			As Revised
Refundable income taxes	$	11,474	$	(2,214	)	$	9,260
Total current assets		182,600		(2,214	)		180,386
Total assets	$	362,596	$	(2,214	)	$	360,382

Retained earnings	$	138,568	$	(2,214	)	$	136,354
Total stockholders’ equity		251,098		(2,214	)		248,884
Total liabilities and stockholders’ equity	$	362,596	$	(2,214	)	$	360,382


	Three Months Ended March 31, 2014
Condensed Consolidated Statement of Cash Flows	As Previously Reported			Adjustment			As Revised
Net loss	$	(9,890	)	$	(2,214	)	$	(12,104	)
Changes in operating assets and liabilities:
Refundable income taxes		(10,401	)		2,214			(8,187	)
Net cash provided by operating activities		40,139			—			40,139

- 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+ Details