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Prior Periods' Financial Statement Revision Prior Periods' Financial Statement Revision (Tables) | 12 Months Ended
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Dec. 31, 2019
Accounting Changes and Error Corrections [Abstract] |
Schedule of Error Corrections and Prior Period Adjustments |
|  | Year Ended December 31, 2018
|  | As Originally Reported |  | Adjustment |  | As Revised
Cost of sales (exclusive of depreciation and amortization) |  | $ | 588,205 |  |  | $ | 976 |  |  | $ | 589,181 |
Income (loss) from operations |  | (178,888 | ) |  | (976 | ) |  | (179,864 | )
Loss before (provision) benefit for income taxes and share of net income from joint venture |  | (261,034 | ) |  | (976 | ) |  | (262,010 | )
Income tax benefit (expense) |  | 10,957 |  |  | 2,456 |  |  | 13,413 |
Income (loss) from continuing operations |  | (264,467 | ) |  | 1,480 |  |  | (262,987 | )
Net income (loss) |  | (264,467 | ) |  | 1,480 |  |  | (262,987 | )
Foreign currency translation gain (loss) |  | (13,880 | ) |  | 271 |  |  | (13,609 | )
Comprehensive income (loss) |  | (278,347 | ) |  | 1,751 |  |  | (276,596 | )
Basic net income (loss) per share |  | $ | (8.35 | ) |  | $ | 0.05 |  |  | $ | (8.30 | )
Diluted net income (loss) per share |  | $ | (8.35 | ) |  | $ | 0.05 |  |  | $ | (8.30 | )
The following table presents the effect of the correction of the misstatements on the Consolidated Balance Sheet as of December 31, 2018.
|  | As of December 31, 2018
|  | As Originally Reported |  | Adjustment |  | As Revised
Inventories |  | $ | 122,615 |  |  | $ | (1,690 | ) |  | $ | 120,925 |
Income tax receivable |  | 946 |  |  | 1,331 |  |  | 2,277 |
Other current assets |  | 21,901 |  |  | (309 | ) |  | 21,592 |
Total current assets |  | 296,871 |  |  | (668 | ) |  | 296,203 |
Total assets |  | 1,501,570 |  |  | (668 | ) |  | 1,500,902 |
Deferred tax liabilities |  | 93,482 |  |  | (1,644 | ) |  | 91,838 |
Total liabilities |  | 1,083,275 |  |  | (1,644 | ) |  | 1,081,631 |
Additional paid-in capital |  | 511,545 |  |  | (2,890 | ) |  | 508,655 |
Accumulated deficit |  | (62,046 | ) |  | 3,555 |  |  | (58,491 | )
Accumulated other comprehensive income (loss) |  | (31,625 | ) |  | 311 |  |  | (31,314 | )
Total stockholders' equity |  | 418,295 |  |  | 976 |  |  | 419,271 |
Total liabilities and stockholders' equity |  | 1,501,570 |  |  | (668 | ) |  | 1,500,902 |
The following table presents the effect of the correction of the misstatements on the Consolidated Statements of Stockholders’ Equity.
|  | As Originally Reported |  | Adjustment |  | As Revised
As of and for the year ended December 31, 2017 |  |  |  |  |  |
Net income (loss) |  | $ | 163,052 |  |  | $ | (815 | ) |  | $ | 162,237 |
Retained earnings |  | 211,080 |  |  | (815 | ) |  | 210,265 |
Foreign currency translation gain (loss) |  | 22,094 |  |  | 40 |  |  | 22,134 |
Accumulated other comprehensive income (loss) |  | (17,745 | ) |  | 40 |  |  | (17,705 | )
Total stockholders' equity |  | 486,104 |  |  | (775 | ) |  | 485,329 |
As of and for the year ended December 31, 2018 |  |  |  |  |  |
Additional paid-in capital |  | $ | 511,545 |  |  | $ | (2,890 | ) |  | $ | 508,655 |
Net income (loss) |  | $ | (264,467 | ) |  | $ | 1,480 |  |  | $ | (262,987 | )
Accumulated deficit |  | (62,046 | ) |  | 3,555 |  |  | (58,491 | )
Foreign currency translation gain (loss) |  | (13,880 | ) |  | 271 |  |  | (13,609 | )
Accumulated other comprehensive income (loss) |  | (31,625 | ) |  | 311 |  |  | (31,314 | )
Total stockholders' equity |  | 418,295 |  |  | 976 |  |  | 419,271 |
The following table presents the effect of the correction of the misstatements on the Consolidated Statements of Cash Flows.
|  | Year Ended December 31, 2017
|  | As Originally Reported |  | Adjustment |  | As Revised
Net income (loss) |  | $ | 163,052 |  |  | $ | (815 | ) |  | $ | 162,237 |
Changes in operating assets and liabilities, net of acquisitions: |  |  |  |  |  |
Inventories |  | (10,278 | ) |  | 1,334 |  |  | (8,944 | )
Other |  | (1,076 | ) |  | (519 | ) |  | (1,595 | )
|  | Year Ended December 31, 2018
|  | As Originally Reported |  | Adjustment |  | As Revised
Net income (loss) |  | $ | (264,467 | ) |  | $ | 1,480 |  |  | $ | (262,987 | )
Deferred income taxes |  | (20,758 | ) |  | (1,644 | ) |  | (22,402 | )
Changes in operating assets and liabilities, net of acquisitions: |  |  |  |  |  |
Inventories |  | (16,872 | ) |  | 664 |  |  | (16,208 | )
Income taxes receivable and payable, net |  | 40,946 |  |  | (1,331 | ) |  | 39,615 |
Other |  | (1,310 | ) |  | 831 |  |  | (479 | )
| As Originally Reported |  | Adjustment |  | As Revised
Third Quarter 2019 |  |  |  |  |
Net sales | $ | 213,897 |  |  | $ | — |  |  | $ | 213,897 |
Cost of sales (exclusive of depreciation and amortization) | 160,816 |  |  | 258 |  |  | 161,074 |
Net income (loss) | (5,597 | ) |  | (258 | ) |  | (5,855 | )
Comprehensive income (loss) | (17,988 | ) |  | 12 |  |  | (17,976 | )
Basic net income (loss) per common share | $ | (0.13 | ) |  | $ | (0.01 | ) |  | $ | (0.14 | )
Diluted net income (loss) per common share | $ | (0.13 | ) |  | $ | (0.01 | ) |  | $ | (0.14 | )
Second Quarter 2019 |  |  |  |  |
Net sales | $ | 221,666 |  |  | $ | — |  |  | $ | 221,666 |
Cost of sales (exclusive of depreciation and amortization) | 163,513 |  |  | 586 |  |  | 164,099 |
Net income (loss) | (6,697 | ) |  | (586 | ) |  | (7,283 | )
Comprehensive income (loss) | (15,093 | ) |  | (649 | ) |  | (15,742 | )
Basic net income (loss) per common share | $ | (0.16 | ) |  | $ | (0.01 | ) |  | $ | (0.17 | )
Diluted net income (loss) per common share | $ | (0.16 | ) |  | $ | (0.01 | ) |  | $ | (0.17 | )
First Quarter 2019 |  |  |  |  |
Net sales | $ | 213,256 |  |  | $ | — |  |  | $ | 213,256 |
Cost of sales (exclusive of depreciation and amortization) | 161,269 |  |  | 918 |  |  | 162,187 |
Net income (loss) | (18,600 | ) |  | (918 | ) |  | (19,518 | )
Comprehensive income (loss) | (21,194 | ) |  | (859 | ) |  | (22,053 | )
Basic net income (loss) per common share | $ | (0.44 | ) |  | $ | (0.03 | ) |  | $ | (0.47 | )
Diluted net income (loss) per common share | $ | (0.44 | ) |  | $ | (0.03 | ) |  | $ | (0.47 | )
| As Originally Reported |  | Adjustment |  | As Revised
Fourth Quarter 2018 |  |  |  |  |
Net sales | $ | 199,477 |  |  | $ | — |  |  | $ | 199,477 |
Cost of sales (exclusive of depreciation and amortization) | 156,713 |  |  | 210 |  |  | 156,923 |
Net income (loss) | (220,189 | ) |  | 2,765 |  |  | (217,424 | )
Comprehensive income (loss) | (219,560 | ) |  | 2,821 |  |  | (216,739 | )
Basic net income (loss) per common share | $ | (5.25 | ) |  | $ | 0.07 |  |  | $ | (5.18 | )
Diluted net income (loss) per common share | $ | (5.25 | ) |  | $ | 0.07 |  |  | $ | (5.18 | )
Third Quarter 2018 |  |  |  |  |
Net sales | $ | 205,683 |  |  | $ | — |  |  | $ | 205,683 |
Cost of sales (exclusive of depreciation and amortization) | 156,408 |  |  | 102 |  |  | 156,510 |
Net income (loss) | (13,784 | ) |  | (102 | ) |  | (13,886 | )
Comprehensive income (loss) | (17,977 | ) |  | (157 | ) |  | (18,134 | )
Basic net income (loss) per common share | $ | (0.48 | ) |  | $ | — |  |  | $ | (0.48 | )
Diluted net income (loss) per common share | $ | (0.48 | ) |  | $ | — |  |  | $ | (0.48 | )
Second Quarter 2018 |  |  |  |  |
Net sales | $ | 196,349 |  |  | $ | 661 |  |  | $ | 197,010 |
Cost of sales (exclusive of depreciation and amortization) | 148,640 |  |  | 948 |  |  | 149,588 |
Net income (loss) | (24,511 | ) |  | (806 | ) |  | (25,317 | )
Comprehensive income (loss) | (40,292 | ) |  | (541 | ) |  | (40,833 | )
Basic net income (loss) per common share | $ | (0.89 | ) |  | $ | (0.02 | ) |  | $ | (0.91 | )
Diluted net income (loss) per common share | $ | (0.89 | ) |  | $ | (0.02 | ) |  | $ | (0.91 | )
First Quarter 2018 |  |  |  |  |
Net sales | $ | 169,148 |  |  | $ | (661 | ) |  | $ | 168,487 |
Cost of sales (exclusive of depreciation and amortization) | 126,444 |  |  | (284 | ) |  | 126,160 |
Net income (loss) | (5,983 | ) |  | (377 | ) |  | (6,360 | )
Comprehensive income (loss) | (518 | ) |  | (372 | ) |  | (890 | )
Basic net income (loss) per common share | $ | (0.22 | ) |  | $ | (0.01 | ) |  | $ | (0.23 | )
Diluted net income (loss) per common share | $ | (0.22 | ) |  | $ | (0.01 | ) |  | $ | (0.23 | )

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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=109234566&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=109234566&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=109234566&loc=d3e22658-107794 + Details
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