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SEC Filings

10-Q
NN INC filed this Form 10-Q on 08/14/2017
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Table of Contents

Note 14. Prior Periods’ Financial Statement Revision

As described in Note 1 in these Notes to Condensed Consolidated Financial Statements, we have corrected misstatements for all prior periods presented by revising the Condensed Consolidated Financial Statements and other financial information included herein. We have not revised our Consolidated Statements of Cash Flows for any periods.

The following tables present the effect of the revision on our Condensed Consolidated Statements of Operations:

 

     Year Ended December 31, 2016  
     As Previously
Reported
     Adjustment      As Revised  

Selling, general and administrative expense

   $ 80,266      $ (37    $ 80,229  

Income from operations

     59,400        37        59,437  

Write-off of unamortized debt issuance costs

     3,089        (500      2,589  

Income (loss) before provision (benefit) for income taxes and share of net income from joint venture

     (7,309      537        (6,772

Provision (benefit) for income taxes

     (9,313      1,180        (8,133

Net income (loss)

     7,942        (643      7,299  

Basic net income (loss) per share

   $ 0.29      $ (0.02    $ 0.27  

Diluted net income (loss) per share

   $ 0.29      $ (0.02    $ 0.27  

 

     Three Months Ended     Nine Months Ended  
     September 30, 2016     September 30, 2016  
     As Previously
Reported
    Adjustment     As Revised     As Previously
Reported
    Adjustment     As Revised  

Selling, general and administrative expense

   $ 18,347     $ —         18,347     $ 60,651     $ (509   $ 60,142  

Income (loss) from operations

     18,727       —         18,727       47,304       509       47,813  

Interest expense

     16,337       (466     15,871       48,924       —         48,924  

Income (loss) before provision (benefit) for income taxes and share of net income from joint venture

     (3,703     466       (3,237     (5,760     509       (5,251

Provision (benefit) for income taxes

     (6,423     158       (6,265     (6,469     173       (6,296

Net income (loss)

     4,147       308       4,455       4,879       336       5,215  

Basic net income (loss) per share

   $ 0.15     $ 0.01     $ 0.16     $ 0.18     $ 0.01     $ 0.19  

Diluted net income (loss) per share

   $ 0.15     $ 0.01     $ 0.16     $ 0.18     $ 0.01     $ 0.19  

 

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