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Financial Statement Revisions
 6 Months Ended
Jul. 15, 2017
Prior Period Adjustment [Abstract]  
Financial Statement Revisions

2. FINANCIAL STATEMENT REVISIONS

The company previously reported non-cash amounts as payments from notes receivable and payments for the repurchase of territories that should have been disclosed as non-cash transactions.  The error impacted the Condensed Consolidated Statements of Cash Flows for the first, second, and third quarters of fiscal year 2016.  These corrections did not impact our previously reported Condensed Consolidated Balance Sheets, Condensed Consolidated Statements of Income, Condensed Consolidated Statements of Comprehensive Income, and Condensed Consolidated Statements of Changes in Stockholders’ Equity.

 

The table below presents the revisions to the applicable Condensed Consolidated Statements of Cash Flows line item to correct the errors for the twenty-eight weeks ended July 16, 2016 (amounts in thousands):

 

 

 

Consolidated

 

 

 

Twenty-Eight Weeks Ended July 16, 2016

 

Impacted Condensed Consolidated Statements of Cash Flows line item

 

As Previously

Reported

 

 

Revisions

 

 

As Revised

 

Other assets

 

$

3,617

 

 

$

(405

)

 

$

3,212

 

Other accrued liabilities

 

$

10,878

 

 

$

(281

)

 

$

10,597

 

Net cash provided by operating activities

 

$

193,857

 

 

$

1,440

 

 

$

195,297

 

Repurchase of independent distributor territories

 

$

(10,930

)

 

$

2,480

 

 

$

(8,450

)

Principal payments from notes receivable

 

$

13,939

 

 

$

(1,985

)

 

$

11,954

 

Other investing activities

 

$

—

 

 

$

191

 

 

$

191

 

Net cash disbursed for investing activities

 

$

(36,748

)

 

$

686

 

 

$

(36,062

)