| 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 June 30, 2017 |
|
| |
|
As originally reported |
|
|
Adjustments |
|
|
As restated |
|
| |
|
|
|
|
|
|
|
|
|
| Income taxes payable |
|
$ |
- |
|
|
$ |
751 |
|
|
$ |
751 |
|
| Total current liabilities |
|
|
3,473 |
|
|
|
751 |
|
|
|
4,224 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Retained earnings |
|
|
22,646 |
|
|
|
(751 |
) |
|
|
21,895 |
|
| Total stockholders' equity |
|
|
46,626 |
|
|
|
(751 |
) |
|
|
45,875 |
|
| Total liabilities and stockholders' equity |
|
$ |
50,099 |
|
|
$ |
- |
|
|
$ |
50,099 |
|
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 June 30, 2017 |
|
| |
|
As originally
reported
|
|
|
Adjustments |
|
|
As restated |
|
| |
|
|
|
|
|
|
|
|
|
| Income tax benefit from continuing operations |
|
$ |
- |
|
|
$ |
574 |
|
|
$ |
574 |
|
| Loss from continuing operations |
|
|
(1,460 |
) |
|
|
574 |
|
|
|
(886 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Gain on sale of discontinued operations, net of taxes |
|
|
(10 |
) |
|
|
(574 |
) |
|
|
(584 |
) |
| Loss from discontinued operations, net of tax |
|
|
(845 |
) |
|
|
(574 |
) |
|
|
(1,419 |
) |
| Net loss |
|
|
(2,305 |
) |
|
|
- |
|
|
|
(2,305 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Basic loss per share: |
|
|
|
|
|
|
|
|
|
|
|
|
| Loss from continuing operations |
|
$ |
(0.09 |
) |
|
$ |
0.03 |
|
|
$ |
(0.06 |
) |
| Loss from discontinued operations |
|
|
(0.05 |
) |
|
|
(0.03 |
) |
|
|
(0.08 |
) |
| Net loss |
|
$ |
(0.14 |
) |
|
$ |
0.00 |
|
|
$ |
(0.14 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Diluted loss per share: |
|
|
|
|
|
|
|
|
|
|
|
|
| Loss from continuing operations |
|
$ |
(0.09 |
) |
|
$ |
0.03 |
|
|
$ |
(0.06 |
) |
| Loss from discontinued operations |
|
|
(0.05 |
) |
|
|
(0.03 |
) |
|
|
(0.08 |
) |
| Net loss |
|
$ |
(0.14 |
) |
|
$ |
0.00 |
|
|
$ |
(0.14 |
) |
| |
|
For the six months ended June 30, 2017 |
|
| |
|
As originally
reported
|
|
|
Adjustments |
|
|
As restated |
|
| |
|
|
|
|
|
|
|
|
|
| Income tax benefit from continuing operations |
|
$ |
18,123 |
|
|
$ |
(17,096 |
) |
|
$ |
1,027 |
|
| Income (loss) from continuing operations |
|
|
15,464 |
|
|
|
(17,096 |
) |
|
|
(1,632 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Gain on sale of discontinued operations, net of taxes |
|
|
26,339 |
|
|
|
16,345 |
|
|
|
42,684 |
|
| Income from discontinued operations |
|
|
26,869 |
|
|
|
16,345 |
|
|
|
43,214 |
|
| Net income |
|
|
42,333 |
|
|
|
(751 |
) |
|
|
41,582 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Basic earnings (loss) per share: |
|
|
|
|
|
|
|
|
|
|
|
|
| Income (loss) from continuing operations |
|
$ |
0.91 |
|
|
$ |
(1.01 |
) |
|
$ |
(0.10 |
) |
| Income income from discontinued operations |
|
|
1.58 |
|
|
|
0.96 |
|
|
|
2.54 |
|
| Net income |
|
$ |
2.49 |
|
|
$ |
(0.05 |
) |
|
$ |
2.44 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Diluted earnings (loss) per share: |
|
|
|
|
|
|
|
|
|
|
|
|
| Income (loss) from continuing operations |
|
$ |
0.87 |
|
|
$ |
(0.97 |
) |
|
$ |
(0.10 |
) |
| Income from discontinued operations |
|
|
1.52 |
|
|
|
0.92 |
|
|
|
2.44 |
|
| Net income |
|
$ |
2.39 |
|
|
$ |
(0.05 |
) |
|
$ |
2.34 |
|
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 six months ended June 30, 2017 |
|
| |
|
As originally
reported
|
|
|
Adjustments |
|
|
As restated |
|
| |
|
|
|
|
|
|
|
|
|
| Net income |
|
$ |
42,333 |
|
|
$ |
(751 |
) |
|
$ |
41,582 |
|
| Gain on sale of assets, net of taxes |
|
|
(26,339 |
) |
|
|
(16,345 |
) |
|
|
(42,684 |
) |
| Change in valuation allowance, income tax |
|
|
(19,473 |
) |
|
|
18,446 |
|
|
|
(1,027 |
) |
| Other current liabilities |
|
|
(100 |
) |
|
|
(1,350 |
) |
|
|
(1,450 |
) |
| Net cash used in operating activities |
|
$ |
(667 |
) |
|
$ |
- |
|
|
$ |
(667 |
) |
|