Revision to Correct Immaterial Error in Previously Issued Financial Statements (Tables)

6 Months Ended

Jun. 30, 2016

Accounting Changes and Error Corrections [Abstract]

Schedule of Error Corrections and Prior Period Adjustments

The following schedules reconcile the amounts as originally reported in the applicable financial statement to the corresponding revised amounts.

Reconciliation of revised financial statement amounts

Revised consolidated statements of income amounts (in thousands)

	Year Ended December 31, 2015
	As Reported			Adjustments			As Revised
Selling, general and administrative expenses	$	196,194		$	1,097		$	197,291
Loss from operations	(11,996		)	(1,097		)	(13,093		)
Loss before taxes	(19,673		)	(1,097		)	(20,771		)
Income tax expense	12,665			(373		)	12,292
Net loss	(32,338		)	(724		)	(33,063		)
Basic loss per share	(0.61		)	(0.02		)	(0.63		)
Diluted loss per share	(0.61		)	(0.02		)	(0.63		)
Comprehensive loss	(40,930		)	(724		)	(41,654		)

	Year Ended December 31, 2014
	As Reported		Adjustments			As Revised
Selling, general and administrative expenses	$	195,006	$	1,184		$	196,190
Income from operations	51,893		(1,184		)	50,709
Income before taxes	46,775		(1,184		)	45,591
Income tax expense	2,313		(458		)	1,855
Net income	44,462		(726		)	43,736
Basic earnings per share	0.85		(0.01		)	0.84
Diluted earnings per share	0.84		(0.02		)	0.82
Comprehensive income	36,284		(726		)	35,558

	Year Ended December 31, 2013
	As Reported			Adjustments			As Revised
Selling, general and administrative expenses	$	183,443		$	157		$	183,600
Loss from operations	(5,981		)	(157		)	(6,137		)
Loss before taxes	(9,216		)	(157		)	(9,372		)
Income tax benefit	(556		)	(56		)	(612		)
Net loss	(8,660		)	(101		)	(8,760		)
Basic loss per share	(0.17		)	—			(0.17		)
Diluted loss per share	(0.17		)	—			(0.17		)
Comprehensive loss	(6,156		)	(101		)	(6,257		)

Revised consolidated balance sheet amounts (in thousands)

	As of December 31, 2015
	As Reported		Adjustments			As Revised
Accrued expenses	$	11,603	$	6,263		$	17,866
Total current liabilities	224,999		6,263			231,262
Deferred income taxes	12,898		(2,372		)	10,526
Total liabilities	350,440		3,891			354,331
Retained earnings	110,655		(3,891		)	106,764
Total stockholders' equity	258,027		(3,891		)	254,136

	As of December 31, 2014
	As Reported		Adjustments			As Revised
Deferred income taxes	$	1,819	$	1,999		$	3,818
Total current assets	304,228		1,999			306,227
Total assets	631,251		1,999			633,250
Accrued expenses	9,990		5,166			15,156
Total current liabilities	194,152		5,166			199,318
Total liabilities	335,104		5,166			340,270
Retained earnings	144,109		(3,167		)	140,942
Total stockholders' equity	296,147		(3,167		)	292,980
Total liabilities and stockholders' equity	631,251		1,999			633,250

	As of December 31, 2013
	As Reported		Adjustments			As Revised
Deferred income taxes	$	1,119	$	1,541		$	2,660
Total current assets	279,671		1,541			281,212
Total assets	614,667		1,541			616,208
Accrued expenses	17,118		3,982			21,100
Total current liabilities	218,899		3,982			222,881
Total liabilities	369,226		3,982			373,208
Retained earnings	102,928		(2,441		)	100,487
Total stockholders' equity	245,441		(2,441		)	243,000
Total liabilities and stockholders' equity	614,667		1,541			616,208

Revised consolidated statements of cash flows amounts (in thousands)

	Year Ended December 31, 2015
	As Reported			Adjustments			As Revised
Net loss	$	(32,338	)	$	(724	)	$	(33,063	)
Deferred income taxes	7,320			(373		)	6,947
Accrued expenses and other liabilities	1,021			1,097			2,118
Net cash provided by operating activities	43,402			—			43,402

	Year Ended December 31, 2014
	As Reported			Adjustments			As Revised
Net income	$	44,462		$	(726	)	$	43,736
Deferred income taxes	(2,192		)	(457		)	(2,649		)
Accrued expenses and other liabilities	2,162			1,183			3,345
Net cash used in operating activities	(12,515		)	—			(12,515		)

	Year Ended December 31, 2013
	As Reported			Adjustments			As Revised
Net loss	$	(8,660	)	$	(101	)	$	(8,760	)
Deferred income taxes	(653		)	(55		)	(708		)
Accrued expenses and other liabilities	(12,121		)	156			(11,965		)
Net cash provided by operating activities	37,371			—			37,371

Reconciliation of revised quarterly financial statement amounts (unaudited)

Revised consolidated statements of income amounts (unaudited) (in thousands)

	Three Months Ended March 31, 2016
	As Reported			Adjustments			As Revised
Selling, general and administrative expenses	$	50,627		$	865		$	51,492
Income from operations	1,468			(865		)	603
Income (loss) before taxes	244			(865		)	(621		)
Income tax expense	2,393			(321		)	2,072
Net loss	(2,149		)	(544		)	(2,693		)
Basic loss per share	(0.04		)	(0.01		)	(0.05		)
Diluted loss per share	(0.04		)	(0.01		)	(0.05		)
Comprehensive loss	(2,619		)	(544		)	(3,163		)

	Three Months Ended March 31, 2015
	As Reported			Adjustments			As Revised
Selling, general and administrative expenses	$	47,647		$	1,268		$	48,915
Income from operations	3,013			(1,268		)	1,745
Income before taxes	1,973			(1,268		)	705
Income tax expense	834			(405		)	430
Net income	1,139			(864		)	275
Basic earnings per share	0.02			(0.01		)	0.01
Diluted earnings per share	0.02			(0.01		)	0.01
Comprehensive loss	(5,303		)	(864		)	(6,167		)

	Three Months Ended March 31, 2014
	As Reported		Adjustments			As Revised
Selling, general and administrative expenses	$	49,571	$	736		$	50,307
Income from operations	1,537		(736		)	802
Income before taxes	422		(736		)	(314		)
Income tax expense	132		(231		)	(98		)
Net income (loss)	290		(505		)	(216		)
Basic earnings per share	0.01		(0.01		)	—
Diluted earnings per share	0.01		(0.01		)	—
Comprehensive income	605		(505		)	100

	Three Months Ended June 30, 2015							Three Months Ended June 30, 2014
	As Reported		Adjustments			As Revised		As Reported		Adjustments			As Revised
Selling, general and administrative expenses	$	50,437	$	(3,303	)	$	47,134	$	50,634	$	(2,134	)	$	48,500
Income from operations	3,600		3,303			6,903		3,397		2,134			5,531
Income before taxes	2,535		3,303			5,838		2,340		2,134			4,474
Income tax expense	1,104		1,079			2,183		733		670			1,403
Net income	1,431		2,224			3,655		1,605		1,465			3,071
Basic earnings per share	0.03		0.04			0.07		0.03		0.03			0.06
Diluted earnings per share	0.03		0.04			0.07		0.03		0.03			0.06
Comprehensive income	3,529		2,224			5,753		2,113		1,465			3,578

	Six Months Ended June 30, 2015									Six Months Ended June 30, 2014
	As Reported			Adjustments			As Revised			As Reported		Adjustments			As Revised
Selling, general and administrative expenses	$	98,084		$	(2,035	)	$	96,049		$	100,206	$	(1,399	)	$	98,807
Income from operations	6,614			2,035			8,649			4,934		1,399			6,333
Income before taxes	4,508			2,035			6,543			2,761		1,399			4,160
Income tax expense	1,939			674			2,613			865		439			1,304
Net income	2,570			1,360			3,930			1,896		960			2,856
Basic earnings per share	0.05			0.02			0.07			0.04		0.02			0.06
Diluted earnings per share	0.05			0.02			0.07			0.04		0.01			0.05
Comprehensive income (loss)	(1,774		)	1,360			(414		)	2,718		960			3,679

	Three Months Ended September 30, 2015							Three Months Ended September 30, 2014
	As Reported		Adjustments			As Revised		As Reported		Adjustments			As Revised
Selling, general and administrative expenses	$	47,221	$	1,566		$	48,787	$	46,187	$	1,291		$	47,478
Income from operations	11,204		(1,566		)	9,638		8,094		(1,291		)	6,803
Income before taxes	8,989		(1,566		)	7,423		6,913		(1,291		)	5,622
Income tax expense	4,007		(520		)	3,487		1,799		(404		)	1,395
Net income	4,982		(1,046		)	3,936		5,114		(887		)	4,227
Basic earnings per share	0.09		(0.02		)	0.07		0.10		(0.02		)	0.08
Diluted earnings per share	0.09		(0.02		)	0.07		0.10		(0.02		)	0.08
Comprehensive (loss) income	3,118		(1,046		)	2,072		525		(887		)	(362		)

	Nine Months Ended September 30, 2015							Nine Months Ended September 30, 2014
	As Reported		Adjustments			As Revised		As Reported		Adjustments			As Revised
Selling, general and administrative expenses	$	145,305	$	(469	)	$	144,836	$	146,393	$	(107	)	$	146,286
Income from operations	17,818		469			18,287		13,029		107			13,136
Income before taxes	13,499		469			13,968		9,674		107			9,781
Income tax expense	5,946		154			6,100		2,665		35			2,700
Net income	7,553		314			7,868		7,009		73			7,081
Basic earnings per share	0.14		0.01			0.15		0.13		0.01			0.14
Diluted earnings per share	0.14		0.01			0.15		0.13		—			0.13
Comprehensive income	1,344		314			1,658		3,244		73			3,317

	Three Months Ended December 31, 2015									Three Months Ended December 31, 2014
	As Reported			Adjustments			As Revised			As Reported			Adjustments			As Revised
Selling, general and administrative expenses	$	50,890		$	1,566		$	52,456		$	48,613		$	1,291		$	49,904
Income (loss) from operations	(29,813		)	(1,566		)	(31,379		)	38,864			(1,291		)	37,573
Income (loss) before taxes	(33,172		)	(1,566		)	(34,738		)	37,101			(1,291		)	35,810
Income tax expense (benefit)	6,720			(528		)	6,192			(351		)	(493		)	(844		)
Net income (loss)	(39,891		)	(1,038		)	(40,929		)	37,454			(799		)	36,655
Basic earnings (loss) per share	(0.75		)	(0.02		)	(0.77		)	0.71			(0.02		)	0.69
Diluted earnings (loss) per share	(0.75		)	(0.02		)	(0.77		)	0.69			(0.01		)	0.68
Comprehensive (loss) income	(42,274		)	(1,038		)	(43,312		)	33,040			(799		)	32,241

Revised consolidated balance sheet amounts (unaudited) (in thousands)

	As of March 31, 2016
	As Reported		Adjustments			As Revised
Accrued expenses	$	17,129	$	7,128		$	24,257
Total current liabilities	197,288		7,128			204,416
Deferred income taxes	13,168		(2,692		)	10,476
Total liabilities	341,031		4,435			345,466
Retained earnings	108,506		(4,435		)	104,071
Total stockholders' equity	257,565		(4,435		)	253,130

	As of March 31, 2015
	As Reported		Adjustments			As Revised
Deferred income taxes	$	1,850	$	2,404		$	4,254
Total current assets	301,178		2,404			303,582
Total assets	624,028		2,404			626,432
Accrued expenses	10,762		6,434			17,196
Total current liabilities	190,583		6,434			197,017
Total liabilities	334,460		6,434			340,894
Retained earnings	145,247		(4,030		)	141,217
Total stockholders' equity	289,568		(4,030		)	285,538
Total liabilities and stockholders' equity	624,029		2,404			626,432

	As of June 30, 2015
	As Reported		Adjustments			As Revised
Deferred income taxes	$	1,861	$	1,325		$	3,186
Total current assets	316,208		1,325			317,533
Total assets	641,678		1,325			643,003
Accrued expenses	9,710		3,131			12,843
Total current liabilities	203,404		3,131			206,535
Total liabilities	347,747		3,131			350,878
Retained earnings	146,405		(1,807		)	144,598
Total stockholders' equity	293,932		(1,807		)	292,125
Total liabilities and stockholders' equity	641,678		1,325			643,003

	As of September, 2015
	As Reported		Adjustments			As Revised
Deferred income taxes	$	2,082	$	1,844		$	3,926
Total current assets	335,804		1,844			337,648
Total assets	660,669		1,844			662,513
Accrued expenses	10,887		4,697			15,584
Total current liabilities	208,395		4,697			213,092
Total liabilities	362,479		4,697			367,176
Retained earnings	151,389		(2,853		)	148,536
Total stockholders' equity	298,190		(2,853		)	295,337
Total liabilities and stockholders' equity	660,669		1,844			662,513

	As of March 31, 2014
	As Reported		Adjustments			As Revised
Deferred income taxes	$	987	$	1,772		$	2,759
Total current assets	300,077		1,772			301,849
Total assets	637,723		1,772			639,495
Accrued expenses	17,203		4,717			21,920
Total current liabilities	236,440		4,717			241,157
Total liabilities	390,510		4,717			395,227
Retained earnings	103,218		(2,946		)	100,272
Total stockholders' equity	247,214		(2,946		)	244,268
Total liabilities and stockholders' equity	637,724		1,771			639,495

	As of June 30, 2014
	As Reported		Adjustments			As Revised
Deferred income taxes	$	1,105	$	1,102		$	2,207
Total current assets	311,444		1,102			312,546
Total assets	648,590		1,102			649,692
Accrued expenses	11,915		2,583			14,498
Total current liabilities	245,671		2,583			248,254
Total liabilities	396,106		2,583			398,689
Retained earnings	103,768		(1,481		)	102,287
Total stockholders' equity	252,484		(1,481		)	251,003
Total liabilities and stockholders' equity	648,590		1,102			649,692

	As of September, 2014
	As Reported		Adjustments			As Revised
Deferred income taxes	$	1,207	$	1,506		$	2,713
Total current assets	327,251		1,506			328,757
Total assets	659,592		1,506			661,098
Accrued expenses	16,258		3,874			20,132
Total current liabilities	231,800		3,874			235,674
Total liabilities	397,797		3,874			401,671
Retained earnings	106,655		(2,368		)	104,287
Total stockholders' equity	261,795		(2,368		)	259,427
Total liabilities and stockholders' equity	659,592		1,506			661,098

Consolidated statements of cash flows amounts (unaudited) (in thousands)

	Three Months Ended March 31, 2016
	As Reported			Adjustments			As Revised
Net loss	$	(2,149	)	$	(544	)	$	(2,693	)
Deferred income taxes	(68		)	(321		)	(389		)
Accrued expenses and other liabilities	10,653			865			11,518
Net cash used in operating activities	(24,566		)	—			(24,566		)

	Three Months Ended March 31, 2015
	As Reported			Adjustments			As Revised
Net income	$	1,139		$	(864	)	$	275
Deferred income taxes	(7		)	(405		)	(412		)
Accrued expenses and other liabilities	(3,608		)	1,269			(2,339		)
Net cash used in operating activities	(6,275		)	—			(6,275		)

	Three Months Ended March 31, 2014
	As Reported			Adjustments			As Revised
Net income (loss)	$	290		$	(505	)	$	(216	)
Deferred income taxes	53			(231		)	(178		)
Accrued expenses and other liabilities	3,371			737			4,108
Net cash used in operating activities	(8,408		)	—			(8,408		)

	Six Months Ended June 30, 2015
	As Reported			Adjustments			As Revised
Net income	$	2,570		$	1,360		$	3,930
Deferred income taxes	692			674			1,366
Accrued expenses and other liabilities	(1,940		)	(2,034		)	(3,974		)
Net cash provided by operating activities	988			—			988

	Six Months Ended June 30, 2014
	As Reported			Adjustments			As Revised
Net income	$	1,896		$	960		$	2,856
Deferred income taxes	414			439			853
Accrued expenses and other liabilities	5,026			(1,399		)	3,627
Net cash used in operating activities	(4,188		)	—			(4,188		)

	Nine Months Ended September 30, 2015
	As Reported			Adjustments			As Revised
Net income	$	7,553		$	314		$	7,868
Deferred income taxes	613			155			768
Accrued expenses and other liabilities	3,459			(470		)	2,989
Net cash used in operating activities	(7,257		)	—			(7,257		)

	Nine Months Ended September 30, 2014
	As Reported			Adjustments			As Revised
Net income	$	7,009		$	73		$	7,081
Deferred income taxes	1,209			35			1,244
Accrued expenses and other liabilities	7,404			(107		)	7,297
Net cash used in operating activities	(16,038		)	—			(16,038		)