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Prior Periods Financial Statement Revision (Tables) | 9 Months Ended
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Sep. 30, 2017
Accounting Changes and Error Corrections [Abstract] |
Schedule of Revision on Condensed Consolidated Statements | The following tables present the effect of the revision on the Condensed Consolidated Statements of Operations.
|  | Year Ended December 31, 2016 |
|  | As Previously Reported |  |  | Adjustment |  |  | As Revised |
Selling, general and administrative expense |  | $ | 80,266 |  |  | $ | (37 | ) |  | $ | 80,229 |
Income from operations |  |  | 59,400 |  |  |  | 37 |  |  |  | 59,437 |
Write-off of unamortized debt issuance costs |  |  | 3,089 |  |  |  | (500 | ) |  |  | 2,589 |
Income (loss) before provision (benefit) for income taxes and share of net income from joint venture |  |  | (7,309 | ) |  |  | 537 |  |  |  | (6,772 | )
Provision (benefit) for income taxes |  |  | (9,313 | ) |  |  | 1,180 |  |  |  | (8,133 | )
Net income (loss) |  |  | 7,942 |  |  |  | (643 | ) |  |  | 7,299 |
Basic net income (loss) per share |  | $ | 0.29 |  |  | $ | (0.02 | ) |  | $ | 0.27 |
Diluted net income (loss) per share |  | $ | 0.29 |  |  | $ | (0.02 | ) |  | $ | 0.27 |
|  | Three Months Ended |  |  | Nine Months Ended |
|  | September 30, 2016 |  |  | September 30, 2016 |
|  | As Previously Reported |  |  | Adjustment |  |  | As Revised |  |  | As Previously Reported |  |  | Adjustment |  |  | As Revised |
Selling, general and administrative expense |  | $ | 18,347 |  |  | $ | — |  |  |  | 18,347 |  |  | $ | 60,651 |  |  | $ | (509 | ) |  | $ | 60,142 |
Income from operations |  |  | 18,727 |  |  |  | — |  |  |  | 18,727 |  |  |  | 47,304 |  |  |  | 509 |  |  |  | 47,813 |
Interest expense |  |  | 16,337 |  |  |  | (466 | ) |  |  | 15,871 |  |  |  | 48,924 |  |  |  | — |  |  |  | 48,924 |
Income (loss) before provision (benefit) for income taxes and share of net income from joint venture |  |  | (3,703 | ) |  |  | 466 |  |  |  | (3,237 | ) |  |  | (5,760 | ) |  |  | 509 |  |  |  | (5,251 | )
Provision (benefit) for income taxes |  |  | (6,423 | ) |  |  | 158 |  |  |  | (6,265 | ) |  |  | (6,469 | ) |  |  | 173 |  |  |  | (6,296 | )
Net income |  |  | 4,147 |  |  |  | 308 |  |  |  | 4,455 |  |  |  | 4,879 |  |  |  | 336 |  |  |  | 5,215 |
Basic net income per share |  | $ | 0.15 |  |  | $ | 0.01 |  |  | $ | 0.16 |  |  | $ | 0.18 |  |  | $ | 0.01 |  |  | $ | 0.19 |
Diluted net income per share |  | $ | 0.15 |  |  | $ | 0.01 |  |  | $ | 0.16 |  |  | $ | 0.18 |  |  | $ | 0.01 |  |  | $ | 0.19 |
|  | Three Months Ended |
|  | March 31, 2016 |
|  | As Previously Reported |  |  | Adjustment |  |  | As Revised |
Selling, general and administrative expense |  | $ | 20,712 |  |  | $ | 90 |  |  | $ | 20,802 |
Income (loss) from operations |  |  | 11,874 |  |  |  | (90 | ) |  |  | 11,784 |
Loss before benefit for income taxes and share of net income from joint venture |  |  | (3,419 | ) |  |  | (90 | ) |  |  | (3,509 | )
Benefit for income taxes |  |  | (720 | ) |  |  | (31 | ) |  |  | (751 | )
Net loss |  |  | (1,299 | ) |  |  | (59 | ) |  |  | (1,358 | )
Basic net loss per share |  | $ | (0.05 | ) |  | $ | — |  |  | $ | (0.05 | )
Diluted net loss per share |  | $ | (0.05 | ) |  | $ | — |  |  | $ | (0.05 | )
|  | Year Ended December 31, 2015 |
|  | As Previously Reported |  |  | Adjustment |  |  | As Revised |
Selling, general and administrative expense |  | $ | 51,745 |  |  | $ | 37 |  |  | $ | 51,782 |
Income (loss) from operations |  |  | 26,797 |  |  |  | (37 | ) |  |  | 26,760 |
Write-off of unamortized debt issuance costs |  |  | 18,673 |  |  |  | 500 |  |  |  | 19,173 |
Income (loss) before provision (benefit) for income taxes and share of net income from joint venture |  |  | (22,950 | ) |  |  | (537 | ) |  |  | (23,487 | )
Provision (benefit) for income taxes |  |  | (10,518 | ) |  |  | (1,180 | ) |  |  | (11,698 | )
Net income (loss) |  |  | (7,431 | ) |  |  | 643 |  |  |  | (6,788 | )
Basic net income (loss) per share |  | $ | (0.35 | ) |  | $ | 0.03 |  |  | $ | (0.32 | )
Diluted net income (loss) per share |  | $ | (0.35 | ) |  | $ | 0.03 |  |  | $ | (0.32 | )
The following tables present the effect of the revision on the Condensed Consolidated Statements of Comprehensive Income (Loss).
|  | Three Months Ended |
|  | March 31, 2017 |
|  | As Previously Reported |  |  | Adjustment |  |  | As Revised |
Net income |  | $ | 7,407 |  |  | $ | — |  |  | $ | 7,407 |
Foreign currency translation gain |  |  | 4,706 |  |  |  | 298 |  |  |  | 5,004 |
Other comprehensive income |  |  | 4,706 |  |  |  | 298 |  |  |  | 5,004 |
Comprehensive income |  | $ | 12,113 |  |  | $ | 298 |  |  | $ | 12,411 |
|  | Year Ended December 31, 2016 |
|  | As Previously Reported |  |  | Adjustment |  |  | As Revised |
Net income (loss) |  | $ | 7,942 |  |  | $ | (643 | ) |  | $ | 7,299 |
Change in fair value of interest rate hedge |  |  | 3,015 |  |  |  | (1,105 | ) |  |  | 1,910 |
Foreign currency translation loss |  |  | (8,984 | ) |  |  | (743 | ) |  |  | (9,727 | )
Other comprehensive loss |  |  | (5,969 | ) |  |  | (1,848 | ) |  |  | (7,817 | )
Comprehensive income (loss) |  | $ | 1,973 |  |  | $ | (2,491 | ) |  | $ | (518 | )
|  | Three Months Ended |  |  | Nine Months Ended |
|  | September 30, 2016 |  |  | September 30, 2016 |
|  | As Previously Reported |  |  | Adjustment |  |  | As Revised |  |  | As Previously Reported |  |  | Adjustment |  |  | As Revised |
Net income |  | $ | 4,147 |  |  | $ | 308 |  |  | $ | 4,455 |  |  | $ | 4,879 |  |  | $ | 336 |  |  | $ | 5,215 |
Change in fair value of interest rate hedge |  |  | 4,211 |  |  |  | (1,967 | ) |  |  | 2,244 |  |  |  | 3,130 |  |  |  | (1,105 | ) |  |  | 2,025 |
Foreign currency translation gain (loss) |  |  | 382 |  |  |  | (760 | ) |  |  | (378 | ) |  |  | 4,176 |  |  |  | (2,402 | ) |  |  | 1,774 |
Other comprehensive income (loss) |  |  | 4,593 |  |  |  | (2,727 | ) |  |  | 1,866 |  |  |  | 7,306 |  |  |  | (3,507 | ) |  |  | 3,799 |
Comprehensive income (loss) |  | $ | 8,740 |  |  | $ | (2,419 | ) |  | $ | 6,321 |  |  | $ | 12,185 |  |  | $ | (3,171 | ) |  | $ | 9,014 |
|  | Three Months Ended |
|  | March 31, 2016 |
|  | As Previously Reported |  |  | Adjustment |  |  | As Revised |
Net income |  | $ | (1,299 | ) |  | $ | (59 | ) |  | $ | (1,358 | )
Change in fair value of interest rate hedge |  |  | (1,002 | ) |  |  | 367 |  |  |  | (635 | )
Foreign currency translation gain |  |  | 6,719 |  |  |  | 504 |  |  |  | 7,223 |
Other comprehensive income |  |  | 5,717 |  |  |  | 871 |  |  |  | 6,588 |
Comprehensive income |  | $ | 4,418 |  |  | $ | 812 |  |  | $ | 5,230 |
|  | Year Ended December 31, 2015 |
|  | As Previously Reported |  |  | Adjustment |  |  | As Revised |
Net income (loss) |  | $ | (7,431 | ) |  | $ | 643 |  |  | $ | (6,788 | )
Change in fair value of interest rate hedge |  |  | (2,584 | ) |  |  | 947 |  |  |  | (1,637 | )
Foreign currency translation loss |  |  | (21,936 | ) |  |  | (3,075 | ) |  |  | (25,011 | )
Other comprehensive loss |  |  | (24,520 | ) |  |  | (2,128 | ) |  |  | (26,648 | )
Comprehensive loss |  | $ | (31,951 | ) |  | $ | (1,485 | ) |  | $ | (33,436 | )
|  | Year Ended December 31, 2014 |
|  | As Previously Reported |  |  | Adjustment |  |  | As Revised |
Net income |  | $ | 8,217 |  |  | $ | — |  |  | $ | 8,217 |
Change in fair value of interest rate hedge |  |  | (431 | ) |  |  | 158 |  |  |  | (273 | )
Foreign currency translation loss |  |  | (17,731 | ) |  |  | (868 | ) |  |  | (18,599 | )
Other comprehensive loss |  |  | (18,162 | ) |  |  | (710 | ) |  |  | (18,872 | )
Comprehensive loss |  | $ | (9,945 | ) |  | $ | (710 | ) |  | $ | (10,655 | )
The following tables present the effect of the revision on the Condensed Consolidated Balance Sheets.
|  | As of March 31, 2017 |
|  | As Previously Reported |  |  | Adjustment |  |  | As Revised |
Investment in joint venture |  | $ | 42,387 |  |  | $ | (4,388 | ) |  | $ | 37,999 |
Total assets |  |  | 1,391,043 |  |  |  | (4,388 | ) |  |  | 1,386,655 |
Accumulated other comprehensive loss |  |  | (20,416 | ) |  |  | (4,388 | ) |  |  | (24,804 | )
Total stockholders’ equity |  |  | 327,879 |  |  |  | (4,388 | ) |  |  | 323,491 |
Total liabilities and stockholders’ equity |  |  | 1,391,043 |  |  |  | (4,388 | ) |  |  | 1,386,655 |
|  | As of December 31, 2016 |
|  | As Previously Reported |  |  | Adjustment |  |  | As Revised |
Investment in joint venture |  | $ | 40,694 |  |  | $ | (4,686 | ) |  | $ | 36,008 |
Total assets |  |  | 1,360,386 |  |  |  | (4,686 | ) |  |  | 1,355,700 |
Accumulated other comprehensive income |  |  | (25,122 | ) |  |  | (4,686 | ) |  |  | (29,808 | )
Total stockholders’ equity |  |  | 315,199 |  |  |  | (4,686 | ) |  |  | 310,513 |
Total liabilities and stockholders’ equity |  |  | 1,360,386 |  |  |  | (4,686 | ) |  |  | 1,355,700 |
|  | As of December 31, 2015 |
|  | As Previously Reported |  |  | Adjustment |  |  | As Revised |
Current deferred tax assets |  | $ | 6,696 |  |  | $ | 3,707 |  |  | $ | 10,403 |
Total current assets |  |  | 280,181 |  |  |  | 3,707 |  |  |  | 283,888 |
Property, plant and equipment, net |  |  | 318,968 |  |  |  | (329 | ) |  |  | 318,639 |
Goodwill, net |  |  | 449,898 |  |  |  | 5,072 |  |  |  | 454,970 |
Investment in joint venture |  |  | 38,462 |  |  |  | (2,212 | ) |  |  | 36,250 |
Total assets |  |  | 1,380,567 |  |  |  | 6,238 |  |  |  | 1,386,805 |
Accrued salaries, wages and benefits |  |  | 21,125 |  |  |  | (300 | ) |  |  | 20,825 |
Income taxes payable |  |  | 5,350 |  |  |  | 44 |  |  |  | 5,394 |
Total current liabilities |  |  | 133,351 |  |  |  | (256 | ) |  |  | 133,095 |
Non-current deferred tax liabilities |  |  | 117,459 |  |  |  | 8,176 |  |  |  | 125,635 |
Other liabilities |  |  | 4,746 |  |  |  | 178 |  |  |  | 4,924 |
Total liabilities |  |  | 1,066,686 |  |  |  | 8,098 |  |  |  | 1,074,784 |
Additional paid-in capital |  |  | 277,582 |  |  |  | 335 |  |  |  | 277,917 |
Retained earnings |  |  | 55,151 |  |  |  | 643 |  |  |  | 55,794 |
Accumulated other comprehensive income |  |  | (19,153 | ) |  |  | (2,839 | ) |  |  | (21,992 | )
Total stockholders’ equity |  |  | 313,881 |  |  |  | (1,861 | ) |  |  | 312,020 |
Total liabilities and stockholders’ equity |  |  | 1,380,567 |  |  |  | 6,238 |  |  |  | 1,386,805 |
The following tables present the effect of the revision on our Condensed Consolidated Statements of Changes in Stockholders’ Equity.
|  | As Previously Reported |  |  | Adjustment |  |  | As Revised |
As of and for the year ended December 31, 2014 |  |  |  |  |  |  |  |  |  |  |  |
Change in fair value of interest rate hedge |  | $ | (431 | ) |  | $ | 158 |  |  | $ | (273 | )
Foreign currency translation loss |  |  | (17,731 | ) |  |  | (868 | ) |  |  | (18,599 | )
Accumulated other comprehensive income (loss) |  |  | 5,367 |  |  |  | (710 | ) |  |  | 4,657 |
Total stockholders’ equity |  |  | 173,699 |  |  |  | (710 | ) |  |  | 172,989 |
As of and for the year ended December 31, 2015 |  |  |  |  |  |  |  |  |  |  |  |
Net income (loss) |  | $ | (7,431 | ) |  | $ | 643 |  |  | $ | (6,788 | )
Change in fair value of interest rate hedge |  |  | (2,584 | ) |  |  | 947 |  |  |  | (1,637 | )
Foreign currency translation loss |  |  | (21,936 | ) |  |  | (3,075 | ) |  |  | (25,011 | )
Accumulated other comprehensive loss |  |  | (19,153 | ) |  |  | (2,839 | ) |  |  | (21,992 | )
Additional paid-in capital |  |  | 277,582 |  |  |  | 335 |  |  |  | 277,917 |
Total stockholders’ equity |  |  | 313,881 |  |  |  | (1,861 | ) |  |  | 312,020 |
As of and for the year ended December 31, 2016 |  |  |  |  |  |  |  |  |  |  |  |
Net income (loss) |  | $ | 7,942 |  |  | $ | (643 | ) |  | $ | 7,299 |
Change in fair value of interest rate hedge |  |  | 3,015 |  |  |  | (1,105 | ) |  |  | 1,910 |
Foreign currency translation loss |  |  | (8,984 | ) |  |  | (743 | ) |  |  | (9,727 | )
Accumulated other comprehensive loss |  |  | (25,122 | ) |  |  | (4,686 | ) |  |  | (29,808 | )
Total stockholders’ equity |  |  | 315,199 |  |  |  | (4,686 | ) |  |  | 310,513 |
As of and for the three months ended March 31, 2017 |  |  |  |  |  |  |  |  |
Foreign currency translation gain |  | $ | 4,706 |  |  |  | 298 |  |  | $ | 5,004 |
Accumulated other comprehensive loss |  |  | (20,416 | ) |  |  | (4,388 | ) |  |  | (24,804 | )
Total stockholders’ equity |  |  | 327,879 |  |  |  | (4,388 | ) |  |  | 323,491 |

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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://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=64853466&loc=d3e22663-107794 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=64853466&loc=d3e22644-107794 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=64853466&loc=d3e22658-107794 + Details
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