| Schedule of Consolidated Financial Statements Previously Issued |
The table below sets forth
the condensed consolidated balance sheet, including the balances as originally reported, adjustments and the as restated balances
(in thousands):
| |
|
As of March 31, 2017 |
|
| |
|
As originally reported |
|
|
Adjustments |
|
|
As restated |
|
| |
|
|
|
|
|
|
|
|
|
| Income taxes payable |
|
$ |
1,340 |
|
|
$ |
751 |
|
|
$ |
2,091 |
|
| Total current liabilities |
|
|
6,873 |
|
|
|
751 |
|
|
|
7,624 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Retained earnings |
|
|
24,952 |
|
|
|
(751 |
) |
|
|
24,201 |
|
| Total stockholders' equity |
|
|
50,670 |
|
|
|
(751 |
) |
|
|
49,919 |
|
| Total liabilities and stockholders' equity |
|
$ |
57,543 |
|
|
$ |
- |
|
|
$ |
57,543 |
|
The table below sets
for the condensed consolidated statements of operations, including the balances as originally reported, adjustments, and the as
restated amounts (in thousands):
| |
|
For the three months ended March 31, 2017 |
|
| |
|
As originally reported |
|
|
Adjustments |
|
|
As restated |
|
| |
|
|
|
|
|
|
|
|
|
| Income tax benefit from continuing operations |
|
$ |
18,123 |
|
|
$ |
(17,670 |
) |
|
$ |
453 |
|
| Income (loss) from continuing operations |
|
|
16,925 |
|
|
|
(17,670 |
) |
|
|
(745 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Gain on sale of discontinued operations, net of taxes |
|
|
26,349 |
|
|
|
16,919 |
|
|
|
43,268 |
|
| Income from discontinued operations |
|
|
27,714 |
|
|
|
16,919 |
|
|
|
44,633 |
|
| Net income |
|
|
44,639 |
|
|
|
(751 |
) |
|
|
43,888 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Basic earnings (loss) per share: |
|
|
|
|
|
|
|
|
|
|
|
|
| Income (loss) from continuing operations |
|
$ |
0.99 |
|
|
$ |
(1.03 |
) |
|
$ |
(0.04 |
) |
| Income from discontinued operations |
|
|
1.62 |
|
|
|
0.99 |
|
|
|
2.61 |
|
| Net income |
|
$ |
2.61 |
|
|
$ |
(0.04 |
) |
|
$ |
2.57 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Diluted earnings (loss) per share: |
|
|
|
|
|
|
|
|
|
|
|
|
| Income (loss) from continuing operations |
|
$ |
0.95 |
|
|
$ |
(0.99 |
) |
|
$ |
(0.04 |
) |
| Income from discontinued operations |
|
|
1.56 |
|
|
|
0.95 |
|
|
|
2.51 |
|
| Net income |
|
$ |
2.51 |
|
|
$ |
(0.04 |
) |
|
$ |
2.47 |
|
The table below sets forth
the condensed consolidated statements of cash flows from operating activities, including the balances as originally reported, adjustments
and the as restated balances (in thousands):
| |
|
For the three months ended March 31, 2017 |
|
| |
|
As originally reported |
|
|
Adjustments |
|
|
As restated |
|
| |
|
|
|
|
|
|
|
|
|
| Net income |
|
$ |
44,639 |
|
|
$ |
(751 |
) |
|
$ |
43,888 |
|
| Gain on sale of assets, net of taxes |
|
|
(26,349 |
) |
|
|
(16,919 |
) |
|
|
(43,268 |
) |
| Change in valuation allowance, income tax benefit |
|
|
(18,123 |
) |
|
|
17,670 |
|
|
|
(453 |
) |
| Net cash used in operating activities |
|
$ |
3,007 |
|
|
$ |
- |
|
|
$ |
3,007 |
|
|