Revision to Previously Reported Financial Information (Tables)

9 Months Ended

Sep. 30, 2023

Accounting Changes and Error Corrections [Abstract]

Schedule of Error Corrections and Prior Period Adjustments

The following table presents the impact of correcting the errors on the affected line items of our condensed consolidated balance sheet as of December 31, 2022:

	December 31, 2022
	As Reported		Adjustments			As Revised
	(In thousands)
Trade receivables, net	$	91,504	$	(643	)	$	90,861
Other current assets		34,359		(1,921	)		32,438
Total current assets		752,588		(2,564	)		750,024
Total assets		972,515		(2,564	)		969,951
Total stockholders’ equity		874,916		(2,564	)		872,352

The following table presents the impact of correcting the errors on the affected line items of our condensed consolidated statement of income (loss) for the three months ended September 30, 2022:

	Three months ended September 30, 2022
	As Reported		Adjustments			As Revised
	(In thousands, except per share data)
Restructuring and other charges	$	2,180	$	1,921		$	4,101
Operating income (loss)		14,352		(1,921	)		12,431
Income (loss) before income taxes		14,600		(1,921	)		12,679
Net income (loss)		15,210		(1,921	)		13,289
Net income (loss) per common share:
Basic		0.45		(0.06	)		0.39
Diluted		0.44		(0.06	)		0.38

The following table presents the impact of correcting the errors on the affected line items of our condensed consolidated statement of income (loss) for the nine months ended September 30, 2022:

	Nine months ended September 30, 2022
	As Reported		Adjustments			As Revised
	(In thousands, except per share data)
Restructuring and other charges	$	7,977	$	1,921		$	9,898
Operating income (loss)		4,892		(1,921	)		2,971
Income (loss) before income taxes		5,763		(1,921	)		3,842
Net income (loss)		702		(1,921	)		(1,219	)
Net income (loss) per common share:
Basic		0.02		(0.06	)		(0.04	)
Diluted		0.02		(0.06	)		(0.04	)