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Revision of Prior Period Financial Statements (Tables)
 12 Months Ended
Dec. 31, 2019
Accounting Changes and Error Corrections [Abstract]  
Schedule of Revision of Prior Period Financial Statements
Reconciliation of revised financial statement amounts

Revised consolidated statements of operations amounts (in thousands, except per share data)

 
Year Ended December 31, 2018
 
As Reported
 
Adjustments
 
As Revised
Revenue
$
1,121,551

 
$
(445
)
 
$
1,121,106

Cost of goods sold
866,453

 
840

 
867,293

Gross profit
255,098

 
(1,285
)
 
253,813

 
 
 
 
 
 
Selling, general and administrative expenses
239,124

 
(587
)
 
238,537

Loss from operations
(67,485
)
 
(698
)
 
(68,183
)
Loss before income taxes
(76,632
)
 
(698
)
 
(77,330
)
Income tax benefit
(461
)
 
(186
)
 
(647
)
Net loss
(76,171
)
 
(512
)
 
(76,683
)
Basic loss per share
(1.46
)
 
(0.01
)
 
(1.47
)
Diluted loss per share
(1.46
)
 
(0.01
)
 
(1.47
)
Comprehensive loss
(81,251
)
 
(514
)
 
(81,765
)
Adjusted EBITDA
27,900

 
(585
)
 
27,315


 
Year Ended December 31, 2017
 
As Reported
 
Adjustments
 
As Revised
Revenue
$
1,138,361

 
$
9

 
$
1,138,370

Cost of goods sold
862,903

 
(41
)
 
862,862

Gross profit
275,458

 
50

 
275,508

 
 
 
 
 
 
Selling, general and administrative expenses
227,253

 
642

 
227,895

Income from operations
34,138

 
(592
)
 
33,546

Income before income taxes
27,718

 
(592
)
 
27,126

Income tax expense
11,288

 
(31
)
 
11,257

Net income
16,430

 
(561
)
 
15,869

Basic earnings per share
0.31

 
(0.02
)
 
0.29

Diluted earnings per share
0.30

 
(0.01
)
 
0.29

Comprehensive income
18,150

 
(561
)
 
17,589

Adjusted EBITDA
57,883

 
(389
)
 
57,494



Revised consolidated balance sheet amounts (in thousands)
 
As of December 31, 2018
 
As Reported
 
Adjustments
 
As Revised
Accounts receivable, net of allowance for doubtful accounts
$
193,253

 
$
(67
)
 
$
193,186

Unbilled revenue
46,474

 
(222
)
 
46,252

Inventories
56,001

 
(286
)
 
55,715

Prepaid expenses
16,982

 
(726
)
 
16,256

Other current assets
10,379

 
354

 
10,733

Total current assets
373,586

 
(947
)
 
372,639

Total assets
622,676

 
(947
)
 
621,729

Accounts payable
158,449

 
(421
)
 
158,028

Accrued expenses
35,474

 
224

 
35,698

Other current liabilities
26,231

 
1,959

 
28,190

Total current liabilities
380,504

 
1,762

 
382,266

Deferred income taxes
8,178

 
(573
)
 
7,605

Total liabilities
439,585

 
1,189

 
440,774

Accumulated other comprehensive loss
(24,309
)
 
(2
)
 
(24,311
)
Retained earnings
48,905

 
(2,134
)
 
46,771

Total stockholders' equity
183,091

 
(2,136
)
 
180,955

Total liabilities and stockholders' equity
622,676

 
(947
)
 
621,729


 
As of December 31, 2017
 
As Reported
 
Adjustments
 
As Revised
Accounts receivable, net of allowance for doubtful accounts
$
205,386

 
$
62

 
$
205,448

Other current assets
37,865

 
335

 
38,200

Total current assets
383,088

 
397

 
383,485

Total assets
649,638

 
397

 
650,035

Accounts payable
141,164

 
(56
)
 
141,108

Accrued expenses
34,391

 
635

 
35,026

Other current liabilities
24,078

 
1,849

 
25,927

Total current liabilities
217,253

 
2,428

 
219,681

Deferred income taxes
12,043

 
(409
)
 
11,634

Total liabilities
365,093

 
2,019

 
367,112

Retained earnings
124,442

 
(1,622
)
 
122,820

Total stockholders' equity
284,545

 
(1,622
)
 
282,923

Total liabilities and stockholders' equity
649,638

 
397

 
650,035


Revised consolidated statements of cash flows amounts (in thousands)
 
Year Ended December 31, 2018
 
As Reported
 
Adjustments
 
As Revised
Cash flows from operating activities:
 
 
 
 
 
Net loss
$
(76,171
)
 
$
(512
)
 
$
(76,683
)
Deferred income taxes
(4,441
)
 
(163
)
 
(4,604
)
Accounts receivable and unbilled revenue
4,112

 
358

 
4,470

Inventories
(16,325
)
 
286

 
(16,039
)
Prepaid expenses and other assets
1,432

 
688

 
2,120

Accounts payable
21,959

 
(374
)
 
21,585

Accrued expenses and other liabilities
5,473

 
(283
)
 
5,190

Net cash provided by operating activities
23,058

 
—

 
23,058


 
Year Ended December 31, 2017
 
As Reported
 
Adjustments
 
As Revised
Cash flows from operating activities:
 
 
 
 
 
Net income
$
16,430

 
$
(561
)
 
$
15,869

Deferred income taxes
4,072

 
1

 
4,073

Accounts receivable and unbilled revenue
(41,877
)
 
6

 
(41,871
)
Prepaid expenses and other assets
(13,547
)
 
(335
)
 
(13,882
)
Accounts payable
18,152

 
(56
)
 
18,096

Accrued expenses and other liabilities
11,162

 
945

 
12,107

Net cash provided by operating activities
11,698

 
—

 
11,698


Reconciliation of revised quarterly financial statement amounts (unaudited)

Revised consolidated statements of operations amounts (unaudited) (in thousands, except per share data)
 
Three Months Ended March 31, 2019
 
As Reported
 
Adjustments
 
As Revised
Revenue
$
267,239

 
$
(28
)
 
$
267,211

Cost of goods sold
206,043

 
(842
)
 
205,201

Gross profit
61,196

 
814

 
62,010

 
 
 
 
 
 
Selling, general and administrative expenses
55,805

 
25

 
55,830

Loss from operations
(1,160
)
 
789

 
(371
)
Other, net
(740
)
 
300

 
(440
)
Total other expense
(3,387
)
 
300

 
(3,087
)
Loss before income taxes
(4,547
)
 
1,089

 
(3,458
)
Income tax benefit
(2,085
)
 
671

 
(1,414
)
Net loss
(2,462
)
 
418

 
(2,044
)
Basic loss per share
(0.05
)
 
0.01

 
(0.04
)
Diluted loss per share
(0.05
)
 
0.01

 
(0.04
)
Comprehensive loss
(1,715
)
 
418

 
(1,297
)

 
Three Months Ended June 30, 2019
 
Six Months Ended June 30, 2019
 
As Reported
 
Adjustments
 
As Revised
 
As Reported
 
Adjustments
 
As Revised
Revenue
$
284,053

 
$
(192
)
 
$
283,861

 
$
551,291

 
$
(219
)
 
$
551,072

Cost of goods sold
214,986

 
477

 
215,463

 
421,029

 
(365
)
 
420,664

Gross profit
69,067

 
(669
)
 
68,398

 
130,262

 
146

 
130,408

 
 
 
 
 
 
 
 
 
 
 
 
Selling, general and administrative expenses
58,661

 
(1,257
)
 
57,404

 
114,466

 
(1,231
)
 
113,235

Income from operations
3,475

 
588

 
4,063

 
2,315

 
1,377

 
3,692

Other, net
279

 
—

 
279

 
(460
)
 
299

 
(161
)
Total other expense
(2,103
)
 
—

 
(2,103
)
 
(5,490
)
 
299

 
(5,191
)
Income (loss) before income taxes
1,372

 
588

 
1,960

 
(3,175
)
 
1,676

 
(1,499
)
Income tax expense
2,541

 
(73
)
 
2,468

 
456

 
597

 
1,053

Net loss
(1,169
)
 
661

 
(508
)
 
(3,631
)
 
1,079

 
(2,552
)
Basic loss per share
(0.02
)
 
0.01

 
(0.01
)
 
(0.07
)
 
0.02

 
(0.05
)
Diluted loss per share
(0.02
)
 
0.01

 
(0.01
)
 
(0.07
)
 
0.02

 
(0.05
)
Comprehensive loss
(916
)
 
661

 
(255
)
 
(2,631
)
 
1,079

 
(1,552
)
 
Three Months Ended September 30, 2019
 
Nine Months Ended September 30, 2019
 
As Reported
 
Adjustments
 
As Revised
 
As Reported
 
Adjustments
 
As Revised
Revenue
$
286,525

 
$
1,163

 
$
287,688

 
$
837,816

 
$
944

 
$
838,760

Cost of goods sold
218,356

 
(163
)
 
218,193

 
639,385

 
(528
)
 
638,857

Gross profit
68,169

 
1,326

 
69,495

 
198,431

 
1,472

 
199,903

 
 
 
 
 
 
 
 
 
 
 
 
Selling, general and administrative expenses
59,938

 
(187
)
 
59,751

 
174,404

 
(1,418
)
 
172,986

Restructuring and other charges
3,055

 
(163
)
 
2,892

 
10,687

 
(163
)
 
10,524

Income from operations
2,086

 
1,676

 
3,762

 
4,401

 
3,053

 
7,454

Other, net
(1,736
)
 
1

 
(1,735
)
 
(2,196
)
 
300

 
(1,896
)
Total other expense
(6,075
)
 
1

 
(6,074
)
 
(11,565
)
 
300

 
(11,265
)
Loss before income taxes
(3,989
)
 
1,677

 
(2,312
)
 
(7,164
)
 
3,353

 
(3,811
)
Income tax benefit
(1,815
)
 
565

 
(1,250
)
 
(1,359
)
 
1,162

 
(197
)
Net loss
(2,174
)
 
1,112

 
(1,062
)
 
(5,805
)
 
2,191

 
(3,614
)
Basic loss per share
(0.04
)
 
0.02

 
(0.02
)
 
(0.11
)
 
0.04

 
(0.07
)
Diluted loss per share
(0.04
)
 
0.02

 
(0.02
)
 
(0.11
)
 
0.04

 
(0.07
)
Comprehensive loss
(3,910
)
 
1,112

 
(2,798
)
 
(6,541
)
 
2,191

 
(4,350
)

 
Three Months Ended March 31, 2018
 
As Reported
 
Adjustments
 
As Revised
Revenue
$
274,539

 
$
(242
)
 
$
274,297

Cost of goods sold
208,472

 
(14
)
 
208,458

Gross profit
66,067

 
(228
)
 
65,839

 
 
 
 
 
 
Selling, general and administrative expenses
61,167

 
29

 
61,196

Income from operations
1,241

 
(257
)
 
984

Loss before income taxes
(1,111
)
 
(257
)
 
(1,368
)
Income tax expense
573

 
(67
)
 
506

Net loss
(1,684
)
 
(190
)
 
(1,874
)
Basic loss per share
(0.03
)
 
—

 
(0.03
)
Diluted loss per share
(0.03
)
 
—

 
(0.03
)
Comprehensive income
1,680

 
(190
)
 
1,490

 
Three Months Ended June 30, 2018
 
Six Months Ended June 30, 2018
 
As Reported
 
Adjustments
 
As Revised
 
As Reported
 
Adjustments
 
As Revised
Revenue
$
281,967

 
$
21

 
$
281,988

 
$
556,506

 
$
(221
)
 
$
556,285

Cost of goods sold
217,096

 
(49
)
 
217,047

 
425,568

 
(63
)
 
425,505

Gross profit
64,871

 
70

 
64,941

 
130,938

 
(158
)
 
130,780

 
 
 
 
 
 
 
 
 
 
 
 
Selling, general and administrative expenses
59,002

 
48

 
59,050

 
120,169

 
77

 
120,246

Income from operations
2,355

 
22

 
2,377

 
3,596

 
(235
)
 
3,361

Income (loss) before income taxes
304

 
22

 
326

 
(807
)
 
(235
)
 
(1,042
)
Income tax expense
603

 
22

 
625

 
1,176

 
(45
)
 
1,131

Net loss
(299
)
 
—

 
(299
)
 
(1,983
)
 
(190
)
 
(2,173
)
Basic loss per share
(0.01
)
 
—

 
(0.01
)
 
(0.04
)
 
—

 
(0.04
)
Diluted loss per share
(0.01
)
 
—

 
(0.01
)
 
(0.04
)
 
—

 
(0.04
)
Comprehensive (loss) income
(5,906
)
 
—

 
(5,906
)
 
(4,226
)
 
(190
)
 
(4,416
)

 
Three Months Ended September 30, 2018
 
Nine Months Ended September 30, 2018
 
As Reported
 
Adjustments
 
As Revised
 
As Reported
 
Adjustments
 
As Revised
Revenue
$
270,850

 
$
(6
)
 
$
270,844

 
$
827,356

 
$
(227
)
 
$
827,129

Cost of goods sold
206,808

 
69

 
206,877

 
632,376

 
6

 
632,382

Gross profit
64,042

 
(75
)
 
63,967

 
194,980

 
(233
)
 
194,747

 
 
 
 
 
 
 
 
 
 
 
 
Selling, general and administrative expenses
56,142

 
25

 
56,167

 
176,312

 
101

 
176,413

Loss from operations
(43,212
)
 
(100
)
 
(43,312
)
 
(39,617
)
 
(334
)
 
(39,951
)
Loss before income taxes
(45,263
)
 
(100
)
 
(45,363
)
 
(46,070
)
 
(334
)
 
(46,404
)
Income tax (benefit) expense
(326
)
 
83

 
(243
)
 
851

 
38

 
889

Net loss
(44,937
)
 
(183
)
 
(45,120
)
 
(46,921
)
 
(372
)
 
(47,293
)
Basic loss per share
(0.87
)
 
—

 
(0.87
)
 
(0.90
)
 
—

 
(0.90
)
Diluted loss per share
(0.87
)
 
—

 
(0.87
)
 
(0.90
)
 
—

 
(0.90
)
Comprehensive loss
(46,646
)
 
(183
)
 
(46,829
)
 
(50,872
)
 
(372
)
 
(51,244
)

 
Three Months Ended December 30, 2018
 
As Reported
 
Adjustments
 
As Revised
Revenue
$
294,195

 
$
(218
)
 
$
293,977

Cost of goods sold
234,077

 
834

 
234,911

Gross profit
60,118

 
(1,052
)
 
59,066

 
 
 
 
 
 
Selling, general and administrative expenses
62,812

 
(688
)
 
62,124

Loss from operations
(27,868
)
 
(364
)
 
(28,232
)
Loss before income taxes
(30,562
)
 
(364
)
 
(30,926
)
Income tax benefit
(1,312
)
 
(224
)
 
(1,536
)
Net loss
(29,250
)
 
(140
)
 
(29,390
)
Basic loss per share
(0.56
)
 
(0.01
)
 
(0.57
)
Diluted loss per share
(0.56
)
 
(0.01
)
 
(0.57
)
Comprehensive loss
(30,379
)
 
(140
)
 
(30,519
)

Revised consolidated balance sheet amounts (unaudited) (in thousands)
 
As of March 31, 2019
 
As Reported
 
Adjustments
 
As Revised
Accounts receivable, net of allowance for doubtful accounts
$
184,359

 
$
(82
)
 
$
184,277

Unbilled revenue
51,166

 
(226
)
 
50,940

Inventories
46,927

 
(303
)
 
46,624

Prepaid expenses
14,245

 
(727
)
 
13,518

Other current assets
36,188

 
206

 
36,394

Total current assets
358,736

 
(1,132
)
 
357,604

Total assets
600,120

 
(1,132
)
 
598,988

Accounts payable
149,813

 
(1,281
)
 
148,532

Accrued expenses
31,339

 
252

 
31,591

Other current liabilities
31,493

 
2,202

 
33,695

Total current liabilities
372,513

 
1,173

 
373,686

Deferred income taxes
8,268

 
(573
)
 
7,695

Total liabilities
417,811

 
600

 
418,411

Accumulated other comprehensive loss
(23,562
)
 
(37
)
 
(23,599
)
Retained earnings
46,602

 
(1,695
)
 
44,907

Total stockholders' equity
182,309

 
(1,732
)
 
180,577

Total liabilities and stockholders' equity
600,120

 
(1,132
)
 
598,988


 
As of June 30, 2019
 
As Reported
 
Adjustments
 
As Revised
Accounts receivable, net of allowance for doubtful accounts
$
188,687

 
$
(73
)
 
$
188,614

Unbilled revenue
60,911

 
(357
)
 
60,554

Inventories
51,553

 
(381
)
 
51,172

Prepaid expenses
15,132

 
(726
)
 
14,406

Other current assets
28,707

 
208

 
28,915

Total current assets
378,989

 
(1,329
)
 
377,660

Total assets
631,596

 
(1,329
)
 
630,267

Accounts payable
140,492

 
(901
)
 
139,591

Deferred revenue
21,532

 
(35
)
 
21,497

Accrued expenses
37,446

 
342

 
37,788

Other current liabilities
34,877

 
899

 
35,776

Total current liabilities
392,022

 
305

 
392,327

Deferred income taxes
8,295

 
(573
)
 
7,722

Total liabilities
448,927

 
(268
)
 
448,659

Accumulated other comprehensive loss
(23,309
)
 
(28
)
 
(23,337
)
Retained earnings
45,433

 
(1,033
)
 
44,400

Total stockholders' equity
182,669

 
(1,061
)
 
181,608

Total liabilities and stockholders' equity
631,596

 
(1,329
)
 
630,267


 
As of September 30, 2019
 
As Reported
 
Adjustments
 
As Revised
Accounts receivable, net of allowance for doubtful accounts
$
190,992

 
$
153

 
$
191,145

Unbilled revenue
65,584

 
(214
)
 
65,370

Inventories
64,136

 
(140
)
 
63,996

Prepaid expenses
13,973

 
(726
)
 
13,247

Other current assets
13,271

 
208

 
13,479

Total current assets
425,761

 
(719
)
 
425,042

Property and equipment, net
36,714

 
123

 
36,837

Total assets
680,067

 
(596
)
 
679,471

Accounts payable
169,173

 
(750
)
 
168,423

Deferred revenue
18,526

 
(162
)
 
18,364

Accrued expenses
44,096

 
(163
)
 
43,933

Other current liabilities
32,325

 
1,014

 
33,339

Total current liabilities
274,955

 
(61
)
 
274,894

Deferred income taxes
8,257

 
(573
)
 
7,684

Total liabilities
499,612

 
(634
)
 
498,978

Accumulated other comprehensive loss
(25,045
)
 
(38
)
 
(25,083
)
Retained earnings
43,259

 
76

 
43,335

Total stockholders' equity
180,455

 
38

 
180,493

Total liabilities and stockholders' equity
680,067

 
(596
)
 
679,471


 
As of March 31, 2018
 
As Reported
 
Adjustments
 
As Revised
Accounts receivable, net of allowance for doubtful accounts
$
183,012

 
$
72

 
$
183,084

Unbilled revenue
47,685

 
(243
)
 
47,442

Other current assets
33,716

 
393

 
34,109

Total current assets
366,296

 
222

 
366,518

Total assets
633,973

 
222

 
634,195

Accounts payable
120,260

 
(63
)
 
120,197

Accrued expenses
40,081

 
636

 
40,717

Other current liabilities
24,073

 
1,869

 
25,942

Total current liabilities
215,938

 
2,442

 
218,380

Deferred income taxes
12,208

 
(408
)
 
11,800

Total liabilities
354,319

 
2,034

 
356,353

Retained earnings
123,393

 
(1,812
)
 
121,581

Total stockholders' equity
279,654

 
(1,812
)
 
277,842

Total liabilities and stockholders' equity
633,973

 
222

 
634,195


 
As of June 30, 2018
 
As Reported
 
Adjustments
 
As Revised
Accounts receivable, net of allowance for doubtful accounts
$
185,222

 
$
68

 
$
185,290

Unbilled revenue
47,906

 
(228
)
 
47,678

Other current assets
26,296

 
360

 
26,656

Total current assets
349,055

 
200

 
349,255

Total assets
644,417

 
200

 
644,617

Accounts payable
122,452

 
(116
)
 
122,336

Accrued expenses
34,386

 
636

 
35,022

Other current liabilities
22,770

 
1,902

 
24,672

Total current liabilities
336,168

 
2,422

 
338,590

Deferred income taxes
12,236

 
(408
)
 
11,828

Total liabilities
386,626

 
2,014

 
388,640

Retained earnings
123,094

 
(1,814
)
 
121,280

Total stockholders' equity
257,791

 
(1,814
)
 
255,977

Total liabilities and stockholders' equity
644,417

 
200

 
644,617


 
As of September 30, 2018
 
As Reported
 
Adjustments
 
As Revised
Accounts receivable, net of allowance for doubtful accounts
$
188,744

 
$
(139
)
 
$
188,605

Unbilled revenue
59,961

 
(227
)
 
59,734

Other current assets
43,005

 
318

 
43,323

Total current assets
397,963

 
(48
)
 
397,915

Total assets
661,783

 
(48
)
 
661,735

Accounts payable
161,389

 
(249
)
 
161,140

Accrued expenses
35,539

 
636

 
36,175

Other current liabilities
21,535

 
1,969

 
23,504

Total current liabilities
249,167

 
2,356

 
251,523

Deferred income taxes
12,143

 
(408
)
 
11,735

Total liabilities
449,887

 
1,948

 
451,835

Retained earnings
78,156

 
(1,996
)
 
76,160

Total stockholders' equity
211,896

 
(1,996
)
 
209,900

Total liabilities and stockholders' equity
661,783

 
(48
)
 
661,735


Consolidated statements of cash flows amounts (unaudited) (in thousands)
 
Three Months Ended March 31, 2019
 
As Reported
 
Adjustments
 
As Revised
Cash flows from operating activities:
 
 
 
 
 
Net loss
$
(2,462
)
 
$
418

 
$
(2,044
)
Accounts receivable and unbilled revenue
3,924

 
4

 
3,928

Inventories
9,149

 
16

 
9,165

Prepaid expenses and other assets
116

 
158

 
274

Accounts payable
(8,351
)
 
(856
)
 
(9,207
)
Accrued expenses and other liabilities
(870
)
 
260

 
(610
)
Net cash provided by operating activities
5,492

 
—

 
5,492


 
Six Months Ended June 30, 2019
 
As Reported
 
Adjustments
 
As Revised
Cash flows from operating activities:
 
 
 
 
 
Net loss
$
(3,631
)
 
$
1,079

 
$
(2,552
)
Accounts receivable and unbilled revenue
(10,225
)
 
126

 
(10,099
)
Inventories
4,488

 
94

 
4,582

Prepaid expenses and other assets
(4,318
)
 
155

 
(4,163
)
Accounts payable
(17,670
)
 
(476
)
 
(18,146
)
Accrued expenses and other liabilities
23,529

 
(978
)
 
22,551

Net cash provided by operating activities
1,289

 
—

 
1,289


 
Nine Months Ended September 30, 2019
 
As Reported
 
Adjustments
 
As Revised
Cash flows from operating activities:
 
 
 
 
 
Net loss
$
(5,805
)
 
$
2,191

 
$
(3,614
)
Accounts receivable and unbilled revenue
(21,245
)
 
(243
)
 
(21,488
)
Inventory
(8,767
)
 
(146
)
 
(8,913
)
Prepaid expenses and other assets
(29,141
)
 
156

 
(28,985
)
Accounts payable
12,403

 
(325
)
 
12,078

Accrued expenses and other liabilities
25,378

 
(1,510
)
 
23,868

Net cash used in operating activities
(9,778
)
 
123

 
(9,655
)
 
 
 
 
 
 
Cash flows from investing activities:
 
 
 
 
 
Purchases of property and equipment
(10,012
)
 
(123
)
 
(10,135
)
Net cash used in investing activities
(10,402
)
 
(123
)
 
(10,525
)