Business, Basis of Presentation and Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2018

Accounting Standards Update 2014-09 [Member]

Impacts of Adopting New Revenue Standard on Company's Consolidated Financial Statements

The impacts of adopting the new revenue standard on the Company’s consolidated financial statements for the six months ended June 30, 2018 are as follows (in thousands):

	As of June 30, 2018
	As Reported			Adjustments			Amounts Without Adoption of Topic 606
	(In thousands of US dollars, except share data)
Assets
Current assets
Unbilled accounts receivable	$	35,857		$	35,857		$	—
Inventories, net		57,456			(26,659	)		84,115
Total current assets		350,383			9,198			341,185
Total assets		571,092			9,198			561,894
Liabilities and Stockholders’ Equity
Stockholders’ equity
Retained earnings (accumulated deficit)		(51,147	)		9,607			(60,754	)
Accumulated other comprehensive income (loss)		(20,059	)		(409	)		(19,650	)
Total stockholders’ equity (deficit)		(33,793	)		9,198			(42,991	)
Total liabilities and stockholders’ deficit	$	571,092		$	9,198		$	561,894

Unbilled accounts receivable represents the Company’s contractual right to consideration for manufacturing work performed on a customer contract or an individual purchase order basis, which has not been invoiced to the customer.

	Three Months Ended June 30, 2018									Six Months Ended June 30, 2018
	As Reported			As Adjusted			Amounts Without Adoption of Topic 606			As Reported			As Adjusted			Amounts Without Adoption of Topic 606
	(In thousands of US dollars, except share data)
Net sales	$	199,685		$	(1,526	)	$	201,211		$	365,504		$	(887	)	$	366,391
Cost of sales		145,831			(2,070	)		147,901			267,069			(2,010	)		269,079
Gross profit		53,854			544			53,310			98,435			1,123			97,312
Operating income		13,914			544			13,370			21,293			1,123			20,170
Income (loss) before income tax expenses		(19,984	)		544			(20,528	)		(16,231	)		1,123			(17,354	)
Net income (loss)	$	(21,505	)	$	544		$	(22,049	)	$	(18,742	)	$	1,123		$	(19,865	)
Earnings (loss) per common share—
Basic	$	(0.62	)	$	0.02		$	(0.64	)	$	(0.55	)	$	0.03		$	(0.58	)
Diluted	$	(0.62	)	$	0.02		$	(0.64	)	$	(0.55	)	$	0.03		$	(0.58	)