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Basis of Presentation and Significant Accounting Policies (Tables)
 3 Months Ended
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