As previously disclosed, after the three months ended September 30, 2023, the Company identified misstatements in its accounting for income taxes resulting primarily from the recording of a U.S. deferred tax liability related to a foreign branch of the U.S., partially offset by a U.S. deferred tax asset related to its U.S. leases, that should have been recorded in prior fiscal years. The Company concluded that these misstatements were not material, either individually or in aggregate, to its current or previously issued consolidated financial statements, and is revising its previously issued consolidated financial statements to correct for these misstatements. In connection with such revisions, the Company is also correcting for other previously identified immaterial misstatements that were previously corrected as out-of-period adjustments during the fiscal year ended December 31, 2022.

Due to these misstatements, which originated prior to fiscal 2023, the opening retained earnings balance as of January 1, 2023 was overstated by $5,465 due to the net impact of the income tax misstatement of $1,965 and other previously identified misstatements of $3,500. Such previously identified misstatements were previously corrected through out-of-period adjustments and included income tax misstatements related to the reversal of (i) a basis difference related to goodwill and other intangibles and (ii) a U.S. federal income tax receivable, in addition to the release of a brand marketing accrual that should have been released in a prior year. Additionally, the Company is revising the consolidated statement of operations for the fiscal year ended January 1, 2022 to correct for the immaterial application of an incorrect commission rate resulting in an overstatement of both revenue and cost of subscription revenues of $1,610.

The revisions to the accompanying audited consolidated balance sheet, consolidated statement of operations, consolidated statement of comprehensive (loss) income and consolidated statement of cash flows as of and for the fiscal year ended December 31, 2022 are presented below. There were no changes to the consolidated statement of changes in total deficit that have not otherwise been reflected in the consolidated balance sheet, consolidated statement of operations and consolidated statement of comprehensive (loss) income as detailed in the tables below.


	At December 31, 2022
	As Previously Reported			Adjustments			As Revised
CONSOLIDATED BALANCE SHEET
Deferred income taxes	$	23,119		$	1,965		$	25,084
Total Liabilities	$	1,712,245		$	1,965		$	1,714,210
Retained earnings	$	2,418,959		$	(1,965	)	$	2,416,994
Total Deficit	$	(683,815	)	$	(1,965	)	$	(685,780	)


	Fiscal Year Ended December 31, 2022
	As Previously Reported			Adjustments			As Revised
CONSOLIDATED STATEMENT OF OPERATIONS
Product sales and other, net	$	121,801		$	(1,021	)	$	120,780
Revenues, net	$	1,040,856		$	(1,021	)	$	1,039,835
Gross profit	$	622,400		$	(1,021	)	$	621,379
Operating loss	$	(282,950	)	$	(1,021	)	$	(283,971	)
Loss before income taxes	$	(365,782	)	$	(1,021	)	$	(366,803	)
Benefit from income taxes	$	(114,379	)	$	4,444		$	(109,935	)
Net loss	$	(251,403	)	$	(5,465	)	$	(256,868	)
Net loss per share
Basic	$	(3.58	)	$	(0.08	)	$	(3.65	)
Diluted	$	(3.58	)	$	(0.08	)	$	(3.65	)


	Fiscal Year Ended December 31, 2022
	As Previously Reported			Adjustments			As Revised
CONSOLIDATED STATEMENT OF COMPREHENSIVE (LOSS) INCOME
Net loss	$	(251,403	)	$	(5,465	)	$	(256,868	)
Comprehensive loss	$	(238,269	)	$	(5,465	)	$	(243,734	)


	Fiscal Year Ended December 31, 2022
	As Previously Reported			Adjustments			As Revised
CONSOLIDATED STATEMENT OF CASH FLOWS
Net loss	$	(251,403	)	$	(5,465	)	$	(256,868	)
Adjustments to reconcile net loss to cash provided by operating activities:
Deferred tax benefit	$	(150,994	)	$	5,165		$	(145,829	)
Changes in cash due to:
Prepaid expenses	$	9,599		$	(721	)	$	8,878
Accrued liabilities	$	19,904		$	1,021		$	20,925
Cash provided by operating activities	$	76,646		$	—		$	76,646

The revisions to the accompanying audited consolidated statement of operations, consolidated statement of comprehensive (loss) income and consolidated statement of cash flows for the fiscal year ended January 1, 2022 are presented below. There were no changes to the consolidated statement of changes in total deficit that have not otherwise been reflected in the consolidated statement of operations and consolidated statement of comprehensive (loss) income as detailed in the tables below.


	Fiscal Year Ended January 1, 2022
	As Previously Reported		Adjustments			As Revised
CONSOLIDATED STATEMENT OF OPERATIONS
Subscription revenues, net	$	1,063,039	$	(1,610	)	$	1,061,429
Product sales and other, net	$	149,424	$	312		$	149,736
Revenues, net	$	1,212,463	$	(1,298	)	$	1,211,165
Cost of subscription revenues	$	370,064	$	(1,610	)	$	368,454
Cost of revenues	$	486,108	$	(1,610	)	$	484,498
Gross profit	$	726,355	$	312		$	726,667
Operating income	$	196,284	$	312		$	196,596
Income before income taxes	$	76,665	$	312		$	76,977
Provision for income taxes	$	9,773	$	79		$	9,852
Net income	$	66,892	$	233		$	67,125
Earnings per share
Basic	$	0.96	$	0.00		$	0.96
Diluted	$	0.95	$	0.00		$	0.95


	Fiscal Year Ended January 1, 2022
	As Previously Reported		Adjustments		As Revised
CONSOLIDATED STATEMENT OF COMPREHENSIVE (LOSS) INCOME
Net income	$	66,892	$	233	$	67,125
Comprehensive income	$	73,437	$	233	$	73,670


	Fiscal Year Ended January 1, 2022
	As Previously Reported			Adjustments			As Revised
CONSOLIDATED STATEMENT OF CASH FLOWS
Net income	$	66,892		$	233		$	67,125
Changes in cash due to:
Accrued liabilities	$	1,272		$	(312	)	$	960
Income taxes	$	(7,014	)	$	79		$	(6,935	)
Cash provided by operating activities	$	157,281		$	—		$	157,281