Description of Business and Summary of Significant Accounting Policies (Tables)
3 Months Ended
Apr. 03, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Error Corrections and Prior Period Adjustments
The effects of the corrections to each of the individual affected line items in our Condensed Consolidated Statements of Income were as follows:
 
 
Three Months Ended March 29, 2019
(In thousands, except per share data)
 
As Previously Reported
 
Correction
 
As Corrected
Revenue
 
$
325,928

 
$
(22
)
 
$
325,906

Operating income
 
10,413

 
(22
)
 
10,391

Income from operations before income taxes
 
8,838

 
(22
)
 
8,816

Income tax expense
 
1,747

 
(5
)
 
1,742

Net income
 
$
7,091

 
$
(17
)
 
$
7,074

 
 
 
 
 
 
 
Earnings per share
 
 
 
 
 
 
                 Basic
 
$
0.63

 
$

 
$
0.63

                 Diluted
 
$
0.62

 
$

 
$
0.62

The effects of the corrections to each of the individual affected line items on our Condensed Consolidated Statements of Comprehensive Income were as follows:
 
 
Three months ended March 29, 2019
(In thousands)
 
As Previously Reported
 
Correction
 
As Corrected
Net income
 
$
7,091

 
$
(17
)
 
$
7,074

Total comprehensive income
 
$
5,649

 
$
(17
)
 
$
5,632

The effects of the corrections to each of the individual affected line items on our Condensed Consolidated Balance Sheet were as follows:
 
 
December 31, 2019
(In thousands)
 
As Previously Reported
 
Correction
 
As Corrected
Receivables
 
$
269,239

 
$
(95
)
 
$
269,144

Total current assets
 
320,711

 
(95
)
 
320,616

Total Assets
 
636,484

 
(95
)
 
636,389

Other accrued liabilities
 
34,587

 
2,822

 
37,409

Total current liabilities
 
242,257

 
2,822

 
245,079

Deferred tax liability
 
49,808

 
(401
)
 
49,407

Total non-current liabilities
 
132,846

 
(401
)
 
132,445

Total Liabilities
 
375,103

 
2,421

 
377,524

Retained earnings
 
187,591

 
(2,516
)
 
185,075

Total shareholders' equity
 
261,381

 
(2,516
)
 
258,865

Total Liabilities and Shareholders' Equity
 
$
636,484

 
$
(95
)
 
$
636,389

    
The effects of the corrections to each of the individual affected line items on our Condensed Consolidated Statements of Cash Flows were as follows:
 
 
Three months ended March 29, 2019
(In thousands)
 
As Previously Reported
 
Correction
 
As Corrected
Net income
 
$
7,091

 
$
(17
)
 
$
7,074

Changes in other liabilities
 
1,892

 
17

 
1,909

Net cash used in operating activities
 
$
(6,386
)
 
$

 
$
(6,386
)

The effects of the corrections to each of the individual affected line items on our Condensed Consolidated Statements of Changes in Shareholders' Equity were as follows:


Three months ended March 29, 2019


Retained Earnings

Total Shareholders' Equity
(In thousands)

As Previously Reported

Correction

As Corrected

As Previously Reported

Correction

As Corrected
Balance at December 31, 2018

$
152,616


$
(976
)

$
151,640


$
221,300


$
(976
)

$
220,324

Net income

7,091


(17
)

7,074


7,091


(17
)

7,074

Balance at March 29, 2019

$
159,966


$
(993
)

$
158,973


$
228,244


$
(993
)

$
227,251