| Schedule of Error Corrections and Prior Period Adjustments |
The effects of the corrections to each of the individual affected line items in our unaudited Condensed Consolidated Statements of Operations were as follows (in thousands): | | | | | | | | | | | | | | | | | | | For the Three Months Ended April 30, 2021 | | As Previously Reported | | Corrections | | As Corrected | | Cost of Sales | $ | (59,732) | | | $ | (1,557) | | | $ | (61,289) | | | | | | | | | Selling, General and Administrative Expenses | $ | (14,592) | | | $ | 1,557 | | | $ | (13,035) | | | | | | | | | For the Nine Months Ended April 30, 2021 | | As Previously Reported | | Corrections | | As Corrected | | Cost of Sales | $ | (171,853) | | | $ | (4,564) | | | $ | (176,417) | | | | | | | | | Selling, General and Administrative Expenses | $ | (43,647) | | | $ | 4,564 | | | $ | (39,083) | |
The related impacts to Inventory in our unaudited Condensed Consolidated Balance Sheet were not considered material and hence, were not adjusted. The effects of the corrections to our Notes to the unaudited Condensed Consolidated Financial Statements for Operating Segments were as follows (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | For the Three Months Ended April 30, 2021 | | | | | | | | | | Income | | | | | | | | | | As Previously Reported | | Reclassifications | | Corrections | | As Corrected | | | | | | | | | | Business to Business Products | $ | 7,146 | | | $ | (161) | | | $ | (564) | | | $ | 6,421 | | | | | | | | | | | Retail and Wholesale Products | $ | 2,898 | | | $ | (50) | | | $ | (993) | | | $ | 1,855 | | | | | | | | | | | Corporate Expenses | $ | (8,113) | | | $ | 211 | | | $ | 1,557 | | | $ | (6,345) | | | | | | | | | | | For the Nine Months Ended April 30, 2021 | | | | | | | | | | Income | | | | | | | | | | As Previously Reported | | Reclassifications | | Corrections | | As Corrected | | | | | | | | | | Business to Business Products | $ | 23,005 | | | $ | (479) | | | $ | (1,710) | | | $ | 20,816 | | | | | | | | | | | Retail and Wholesale Products | $ | 11,487 | | | $ | (150) | | | $ | (2,854) | | | $ | 8,483 | | | | | | | | | | | Corporate Expenses | $ | (23,140) | | | $ | 629 | | | $ | 4,564 | | | $ | (17,947) | |
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