SIGNIFICANT ACCOUNTING POLICIES AND RECENT ACCOUNITNG PRONOUNCEMENTS Adjustments for New Accounting Pronouncements (Tables)

6 Months Ended

Jun. 30, 2017

The impact of adoption on the Company's previously reported condensed consolidated financial statements were as follows:



Condensed Consolidated Balance Sheet:	December 31, 2016
(In thousands)	As Reported		Impact of Adoption			As Adjusted
Accounts receivable, net	$	6,961	$	(433	)	$	6,528
Prepaid expenses and other current assets	8,520		195			8,715
Deferred tax assets	12,032		(690		)	11,342
Deferred income on sales to distributors	16,207		(16,207		)	—
Other accrued liabilities	2,434		300			2,734
Retained earnings	$	317,912	$	14,979		$	332,891



	Three Months Ended						Six Months Ended
Condensed Consolidated Statements of Income:	June 30, 2016						June 30, 2016
(In thousands, except per share)	As Reported		Impact of Adoption		As Adjusted		As Reported		Impact of Adoption		As Adjusted
Net revenues	$	97,169	$	402	$	97,571	$	182,495	$	3,112	$	185,607
Cost of revenues	49,532		254		49,786		91,911		1,423		93,334
Provision for income taxes	598		6		604		928		11		939
Net income	$	11,265	$	142	$	11,407	$	20,108	$	1,678	$	21,786

Earnings per share
Basic	$	0.39	$	0.01	$	0.40	$	0.70	$	0.06	$	0.76
Diluted	$	0.38	$	0.01	$	0.39	$	0.68	$	0.06	$	0.74



	Six Months Ended
Condensed Consolidated Statement of Cash Flows:	June 30, 2016
(In thousands)	As Reported			Impact of Adoption			As Adjusted
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$	20,108		$	1,678		$	21,786
Deferred income taxes	214			11			225
Accounts receivable	(6,385		)	133			(6,252		)
Prepaid expenses and other assets	(639		)	(35		)	(674		)
Deferred income on sales to distributors	$	1,787		$	(1,787	)	$	—