Quarterly report pursuant to Section 13 or 15(d)

Organization and Description of Business (Tables)

v3.24.2.u1
Organization and Description of Business (Tables)
 6 Months Ended
Jun. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Adjustments to Income Tax Expense and Selling, General, & Administrative Expenses

In accordance with ASC Topic 250-10 "Accounting Changes and Error Corrections", the periods presented below have been retrospectively adjusted to reflect the changes to income tax expense and selling, general, and administrative expenses. The effect of the adjustment on the line items within the Company’s unaudited interim condensed consolidated statements of operations for the three and six months ended June 30, 2023 is as follows:

Prior Year's Line item

As Previously Reported

Amount Reclassified

As Adjusted

 

 

Three Months Ended June 30, 2023

 

Six Months Ended June 30, 2023

 

Three Months Ended June 30, 2023

 

Six Months Ended June 30, 2023

 

Three Months Ended June 30, 2023

 

Six Months Ended June 30, 2023

 

 

 

 

 

 

 

 

 

 

 

 

 

Selling, general and administrative expenses

$

22,211

$

40,080

$

(4,292)

$

(4,292)

$

17,919

$

35,788

Income tax expense

$

5,442

$

9,241

$

4,292

$

4,292

$

9,734

$

13,533
Schedule of Effects of Reclassification Adjustment of Consolidated Statements of Operations and Cash Flows Line Items

The following table summarizes the effects of reclassification adjustment on the line items within the Company’s unaudited interim condensed consolidated statements of operations:

Prior Year's Line item

As Previously Reported

Amount Reclassified

As Reclassed

 

 

Three Months Ended June 30, 2023

 

Six Months Ended June 30, 2023

 

Three Months Ended June 30, 2023

 

Six Months Ended June 30, 2023

 

Three Months Ended June 30, 2023

 

Six Months Ended June 30, 2023

 

 

 

 

 

 

 

 

 

 

 

 

 

(Recoveries), write-downs, and other charges, net

$

20

$

536

$

(16)

$

(512)

$

4

$

24

Interest and other income

$

(312)

$

(877)

$

16

$

512

$

(296)

$

(365)

 

 

The following table summarizes the effects of reclassification adjustment on the line items within the Company’s unaudited interim condensed consolidated statements of cash flows:

Prior Year's Line item

As Previously Reported

Amount Reclassified

As Reclassed

 

 

Six Months Ended June 30, 2023

 

Six Months Ended June 30, 2023

 

Six Months Ended June 30, 2023

 

 

 

 

 

 

 

Accounts payable

$

4,733

$

335

$

5,068

Change in operating assets and liabilities:

 

10,507

 

335

 

10,842

Investment in associates

 

—

 

(335)

 

(335)

Net cash used in investing activities

 

(4,359)

 

(335)

 

(4,694)