| Schedule of Consolidated Financial Statements Previously Issued |
The table below sets forth
the consolidated balance sheet, including the balances as originally reported, adjustments and the as restated balances (in thousands):
| |
|
As of December 31, 2017 |
|
| |
|
As originally reported |
|
|
Adjustments |
|
|
As restated |
|
| |
|
|
|
|
|
|
|
|
|
| Income tax receivable |
|
$ |
502 |
|
|
$ |
(502 |
) |
|
$ |
- |
|
| Total current assets |
|
|
28,919 |
|
|
|
(502 |
) |
|
|
28,417 |
|
| Total assets |
|
$ |
34,161 |
|
|
$ |
(502 |
) |
|
$ |
33,659 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Other current liabilities |
|
$ |
310 |
|
|
$ |
740 |
|
|
$ |
1,050 |
|
| Total current liabilities |
|
|
1,072 |
|
|
|
740 |
|
|
|
1,812 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Retained earnings |
|
|
22,144 |
|
|
|
(1,242 |
) |
|
|
20,902 |
|
| Total stockholders’ equity |
|
|
33,089 |
|
|
|
(1,242 |
) |
|
|
31,847 |
|
| Total liabilities and stockholders’ equity |
|
$ |
34,161 |
|
|
$ |
(502 |
) |
|
$ |
33,659 |
|
The table below sets for
the consolidated statements of operations, including the balances as originally reported, adjustments, and the as restated amounts
(in thousands):
| |
|
For the year ended December 31, 2017 |
|
| |
|
As originally reported |
|
|
Adjustments |
|
|
As restated |
|
| |
|
|
|
|
|
|
|
|
|
| Income tax benefit from continuing operations |
|
$ |
17,990 |
|
|
$ |
(16,569 |
) |
|
$ |
1,421 |
|
| Income (loss) from continuing operations |
|
|
14,327 |
|
|
|
(16,569 |
) |
|
|
(2,242 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Gain on sale of discontinued operations, net of taxes |
|
|
26,974 |
|
|
|
15,327 |
|
|
|
42,301 |
|
| Income from discontinued operations |
|
|
27,504 |
|
|
|
15,327 |
|
|
|
42,831 |
|
| Net income |
|
|
41,831 |
|
|
|
(1,242 |
) |
|
|
40,589 |
|
| Total comprehensive income |
|
|
41,753 |
|
|
|
(1,242 |
) |
|
|
40,511 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Basic earnings per share: |
|
|
|
|
|
|
|
|
|
|
|
|
| Income (loss) from continuing operations |
|
$ |
0.92 |
|
|
$ |
(1.06 |
) |
|
$ |
(0.14 |
) |
| Income from discontinued operations |
|
|
1.77 |
|
|
|
0.99 |
|
|
|
2.75 |
|
| Net income |
|
$ |
2.69 |
|
|
$ |
(0.08 |
) |
|
$ |
2.61 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Diluted earnings per share: |
|
|
|
|
|
|
|
|
|
|
|
|
| Income (loss) from continuing operations |
|
$ |
0.92 |
|
|
$ |
(1.07 |
) |
|
$ |
(0.14 |
) |
| Income from discontinued operations |
|
|
1.75 |
|
|
|
0.98 |
|
|
|
2.73 |
|
| Net income |
|
$ |
2.67 |
|
|
$ |
(0.09 |
) |
|
$ |
2.59 |
|
The table below sets forth
the consolidated statements of cash flows from operating activities, including the balances as originally reported, adjustments
and the as restated balances (in thousands):
| |
|
For the year ended December 31, 2017 |
|
| |
|
As originally reported |
|
|
Adjustments |
|
|
As restated |
|
| |
|
|
|
|
|
|
|
|
|
| Net income |
|
$ |
41,831 |
|
|
$ |
(1,242 |
) |
|
$ |
40,589 |
|
| Gain on sale of assets, net of taxes |
|
|
(26,974 |
) |
|
|
(15,327 |
) |
|
|
(42,301 |
) |
| Income tax benefit |
|
|
(17,990 |
) |
|
|
16,569 |
|
|
|
(1,421 |
) |
| Income tax receivable |
|
|
(502 |
) |
|
|
502 |
|
|
|
- |
|
| Income taxes payable |
|
|
(848 |
) |
|
|
(502 |
) |
|
|
(1,350 |
) |
| Net cash used in operating activities |
|
$ |
(2,838 |
) |
|
$ |
- |
|
|
$ |
(2,838 |
) |
|