Correction of Accounting Error in Prior Period

12 Months Ended

Dec. 31, 2018

Correction of Accounting Error in Prior Period

Correction of Accounting Error in Prior Period

Note 3. Correction of an Accounting Error in a Prior Period

Subsequent to the filing of our 2017 Annual Report on Form 10-K, in April 2018, an error was discovered in the consolidated statement of cash flow for the year ended December 31, 2017. The error had no impact upon our consolidated statement of operations or consolidated balance sheet.  This error resulted in presenting the provision for excess and obsolete inventory as a cash outflow, rather than a cash inflow, with a corresponding and offsetting error in the disclosed effect on cash for the change in inventories. The following financial statement line items reported in our consolidated statement of cash flow for the year ended December 31, 2017 were affected by the correction of this error:

	As Reported		As Adjusted		Total Adjustment
(in thousands)	December 31, 2017		December 31, 2017		December 31, 2017
Provision for excess and obsolete inventory	$	(8,135)	$	8,135	$	16,270
Change in inventories	$	5,703	$	(10,567)	$	(16,270)
Net cash provided by (used in) operating activities	$	56,284	$	56,284	$	-