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Basis of Presentation and Significant Accounting Policies (Tables) | 3 Months Ended
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Mar. 31, 2018
Accounting Policies [Abstract] |
Adjustments Made to the Consolidated Balance Sheets and Impacts of New Revenue Guidance on Financial Statements | The following table compares the reported consolidated balance sheet and income statement as of and for the three months ended March 31, 2018, to pro forma amounts had the previous guidance been in effect. The guidance did not have a significant impact on the Company's unaudited condensed consolidated statement of cash flows.
| As of March 31, 2018
Consolidated Balance Sheet (In thousands) | As reported |  | Without Adoption of ASU 2014-09 |  | Effect of Change
Assets |  |  |  |  |
Contract assets | $ | 22,269 |  |  | $ | — |  |  | $ | 22,269 |
Inventories, net | 139,408 |  |  | 156,478 |  |  | (17,070 | )
Prepaid expenses and other current assets | 12,229 |  |  | 12,313 |  |  | (84 | )
Deferred income taxes | 7,119 |  |  | 7,141 |  |  | (22 | )
Liabilities and Equity |  |  |  |  |  |
Accounts payable and other current liabilities | $ | 319,350 |  |  | $ | 317,921 |  |  | $ | 1,429 |
Deferred income taxes | 4,485 |  |  | 4,359 |  |  | 126 |
Retained earnings | 270,277 |  |  | 266,739 |  |  | 3,538 |
| Three months ended March 31, 2018
Consolidated Statements of Operations (In thousands) | As reported |  | Without Adoption of ASU 2014-09 |  | Effect of Change
Net sales | $ | 164,698 |  |  | $ | 172,188 |  |  | $ | (7,490 | )
Cost of sales | 127,496 |  |  | 134,256 |  |  | (6,760 | )
Selling, general and administrative expenses | 30,247 |  |  | 30,410 |  |  | (163 | )
Income tax provision (benefit) | (166 | ) |  | (145 | ) |  | (21 | )
Net income (loss) | (587 | ) |  | (41 | ) |  | (546 | )
Earnings per share: |  |  |  |  |
Basic | $ | (0.04 | ) |  | $ | 0.00 |  |  | $ | (0.04 | )
Diluted | $ | (0.04 | ) |  | $ | 0.00 |  |  | $ | (0.04 | )
The cumulative effects of the changes made to our consolidated January 1, 2018 balance sheet for the adoption of ASU 2014-09, were as follows:
| As reported |  | Adjustments due to ASU 2014-09 |  | Balance at
Consolidated Balance Sheet (In thousands) | 12/31/2017 |  |  | 1/1/2018
Contract assets | $ | — |  |  | $ | 29,759 |  |  | $ | 29,759 |
Inventories, net | 162,589 |  |  | (23,830 | ) |  | 138,759 |
Prepaid expenses and other current assets | 11,687 |  |  | (174 | ) |  | 11,513 |
Deferred income tax assets | 7,913 |  |  | (102 | ) |  | 7,811 |
Accounts payable and other current liabilities | 332,935 |  |  | 1,528 |  |  | 334,463 |
Deferred income tax liabilities | 4,423 |  |  | 20 |  |  | 4,443 |
Retained earnings | 266,780 |  |  | 4,084 |  |  | 270,864 |

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