| 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 September 30, 2017 |
|
| |
|
As originally reported |
|
|
Adjustments |
|
|
As restated |
|
| |
|
|
|
|
|
|
|
|
|
| Income taxes payable |
|
$ |
- |
|
|
$ |
751 |
|
|
$ |
751 |
|
| Total current liabilities |
|
|
2,432 |
|
|
|
751 |
|
|
|
3,183 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Retained earnings |
|
|
21,869 |
|
|
|
(751 |
) |
|
|
21,118 |
|
| Total stockholders’ equity |
|
|
36,650 |
|
|
|
(751 |
) |
|
|
35,899 |
|
| Total liabilities and stockholders’ equity |
|
$ |
39,082 |
|
|
$ |
- |
|
|
$ |
39,082 |
|
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 September 30, 2017 |
|
| |
|
As originally reported |
|
|
Adjustments |
|
|
As restated |
|
| |
|
|
|
|
|
|
|
|
|
| Income tax benefit from continuing operations |
|
$ |
- |
|
|
$ |
305 |
|
|
$ |
305 |
|
| Loss from continuing operations |
|
|
(777 |
) |
|
|
305 |
|
|
|
(472 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Gain on sale of discontinued operations, net of taxes |
|
$ |
- |
|
|
|
(305 |
) |
|
|
(305 |
) |
| Loss from discontinued operations, net of tax |
|
|
- |
|
|
|
(305 |
) |
|
|
(305 |
) |
| Net loss |
|
|
(777 |
) |
|
|
- |
|
|
|
(777 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Basic loss per share: |
|
|
|
|
|
|
|
|
|
|
|
|
| Loss from continuing operations |
|
$ |
(0.05 |
) |
|
$ |
0.02 |
|
|
$ |
(0.03 |
) |
| Loss from discontinued operations |
|
|
- |
|
|
|
(0.02 |
) |
|
|
(0.02 |
) |
| Net loss |
|
$ |
(0.05 |
) |
|
$ |
0.00 |
|
|
$ |
(0.05 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Diluted loss per share: |
|
|
|
|
|
|
|
|
|
|
|
|
| Loss from continuing operations |
|
$ |
(0.05 |
) |
|
$ |
0.02 |
|
|
$ |
(0.03 |
) |
| Loss from discontinued operations |
|
|
- |
|
|
|
(0.02 |
) |
|
|
(0.02 |
) |
| Net loss |
|
$ |
(0.05 |
) |
|
$ |
0.00 |
|
|
$ |
(0.05 |
) |
| |
|
For the nine months ended September 30, 2017 |
|
| |
|
As originally reported |
|
|
Adjustments |
|
|
As restated |
|
| |
|
|
|
|
|
|
|
|
|
| Income tax benefit from continuing operations |
|
$ |
18,113 |
|
|
$ |
(16,791 |
) |
|
$ |
1,322 |
|
| Income (loss) from continuing operations |
|
|
14,677 |
|
|
|
(16,791 |
) |
|
|
(2,114 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Gain on sale of discontinued operations, net of taxes |
|
|
26,349 |
|
|
|
16,040 |
|
|
|
42,389 |
|
| Income from discontinued operations |
|
|
26,879 |
|
|
|
16,040 |
|
|
|
42,919 |
|
| Net income |
|
|
41,556 |
|
|
|
(751 |
) |
|
|
40,805 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Basic earnings (loss) per share: |
|
|
|
|
|
|
|
|
|
|
|
|
| Income (loss) from continuing operations |
|
$ |
0.88 |
|
|
$ |
(1.01 |
) |
|
$ |
(0.13 |
) |
| Income from discontinued operations |
|
|
1.61 |
|
|
|
0.97 |
|
|
|
2.58 |
|
| Net income |
|
$ |
2.49 |
|
|
$ |
(0.04 |
) |
|
$ |
2.45 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Diluted earnings (loss) per share: |
|
|
|
|
|
|
|
|
|
|
|
|
| Income (loss) from continuing operations |
|
$ |
0.86 |
|
|
$ |
(0.99 |
) |
|
$ |
(0.13 |
) |
| Income income from discontinued operations |
|
|
1.57 |
|
|
|
0.94 |
|
|
|
2.51 |
|
| Net income |
|
$ |
2.43 |
|
|
$ |
(0.05 |
) |
|
$ |
2.38 |
|
The table below sets forth
the condensed consolidated statements of cash flows from operating activities, including the balances as originally reported, adjustments
and as the restated balances (in thousands):
| |
|
For the nine months ended September 30, 2017 |
|
| |
|
As originally reported |
|
|
Adjustments |
|
|
As restated |
|
| |
|
|
|
|
|
|
|
|
|
| Net income |
|
$ |
41,556 |
|
|
$ |
(751 |
) |
|
$ |
40,805 |
|
| Gain on sale of assets, net of taxes |
|
|
(26,339 |
) |
|
|
(16,050 |
) |
|
|
(42,389 |
) |
| Change in valuation allowance, income tax |
|
|
(19,473 |
) |
|
|
18,151 |
|
|
|
(1,322 |
) |
| Other current liabilities |
|
|
(67 |
) |
|
|
(1,350 |
) |
|
|
(1,417 |
) |
| Net cash used in operating activities |
|
$ |
(4,323 |
) |
|
$ |
- |
|
|
$ |
(4,323 |
) |
|