XML 43 R22.htm IDEA: XBRL DOCUMENT
v3.24.0.1

CORRECTION OF PRIOR PERIOD ERRORS | 12 Months Ended
--- | ---
Dec. 31, 2023
CORRECTION OF PRIOR PERIOD ERRORS |
CORRECTION OF PRIOR PERIOD ERRORS | 15. CORRECTION OF PRIOR PERIOD ERRORS As previously disclosed in Note 11 to the Company’s consolidated financial statements as of and for the fiscal year ended December 31, 2022, the Company identified prior period accounting errors that the Company has concluded are not material to the Company’s previously reported consolidated financial statements and unaudited interim condensed consolidated financial statements. The financial reporting periods affected by these errors include the Company’s previously reported consolidated financial statements for the fiscal year ended December 31, 2021 and the Company’s previously reported unaudited interim condensed consolidated financial information for each of the quarterly and fiscal year-to-date periods in the fiscal year ended December 31, 2022 (collectively the “previously reported financial statements”). Based on management’s evaluation of the accounting errors under the SEC Staff’s Accounting Bulletins Nos. 99 (“SAB 99”) and 108 (“SAB 108”) and interpretations thereof, the Company concluded the errors are not material, on an individual or aggregate basis, to the Company’s previously reported financial statements. The errors originated many years ago, are less than 3.6% of the impacted accounts, and would not materially impact ratios or amounts relied upon by users of the financial statements. However, the Company further concluded the accounting errors cannot be corrected as an out-of-period adjustment in the Company’s current period consolidated financial statements as of and for the year ended December 31, 2022, because to do so would cause a material misstatement in those financial statements. Accordingly, the Company proceeded according to the guidance prescribed by SAB 108 which specifies that the errors must be corrected the next time the previously reported financial statements are filed. Therefore, the Company corrected these accounting errors in all of the Company’s previously reported annual and interim consolidated financial statements impacted by the errors, which includes the accompanying consolidated financial statements as of and for the year ended December 31, 2022. The following tables present the impact of correcting these errors on the Company’s previously reported financial statements for the periods presented: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, 2021
(in thousands) |  | As Reported |  | Adjustment |  | Revised
Property, plant and equipment, net |  | $ | 96,496 | ​ | $ | (1,203) | ​ | $ | 95,293
Accounts payable |  | ​ | 119,029 | ​ | ​ | 2,717 | ​ | ​ | 121,746
Accumulated surplus | ​ | ​ | 141,918 | ​ | ​ | (3,920) | ​ | ​ | 137,998
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, 2020
(in thousands) |  | As Reported |  | Adjustment |  | Revised
Property, plant and equipment, net |  | $ | 98,620 | ​ | $ | (1,203) | ​ | $ | 97,417
Accounts payable |  | ​ | 85,534 | ​ | ​ | 2,717 | ​ | ​ | 88,251
Accumulated surplus | ​ | ​ | 133,879 | ​ | ​ | (3,920) | ​ | ​ | 129,959
​

X
- Definition The entire disclosure for reporting error correction. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org//1943274/2147483443/250-10-50-7 + Details
Name: | us-gaap_ErrorCorrectionTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_PriorPeriodAdjustmentAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration