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SEC Filings

10-Q
NN INC filed this Form 10-Q on 08/14/2017
Entire Document
 


Table of Contents
     As of December 31, 2015  
     As Previously
Reported
     Adjustment      As Revised  

Current deferred tax assets

   $ 6,696      $ 3,707      $ 10,403  

Total current assets

     280,181        3,707        283,888  

Property, plant and equipment, net

     318,968        (329      318,639  

Goodwill, net

     449,898        5,072        454,970  

Investment in joint venture

     38,462        (2,212      36,250  

Total assets

     1,380,567        6,238        1,386,805  

Accrued salaries, wages and benefits

     21,125        (300      20,825  

Income taxes payable

     5,350        44        5,394  

Total current liabilities

     133,351        (256      133,095  

Non-current deferred tax liabilities

     117,459        8,176        125,635  

Other liabilities

     4,746        178        4,924  

Total liabilities

     1,066,686        8,098        1,074,784  

Additional paid-in capital

     277,582        335        277,917  

Retained earnings

     55,151        643        55,794  

Accumulated other comprehensive income (loss)

     (19,153      (2,839      (21,992

Total stockholders’ equity

     313,881        (1,861      312,020  

Total liabilities and stockholders’ equity

     1,380,567        6,238        1,386,805  

The following tables present the effect of the revision on our Condensed Consolidated Statements of Changes in Stockholders’ Equity:

 

     As Previously                
     Reported      Adjustment      As Revised  

As of and for the year ended December 31, 2014

        

Change in fair value of interest rate hedge

   $ (431    $ 158      $ (273

Foreign currency translation gain (loss)

     (17,731      (868      (18,599

Accumulated other comprehensive income (loss)

     5,367        (710      4,657  

Total stockholders’ equity

     173,699        (710      172,989  

As of and for the year ended December 31, 2015

        

Net income (loss)

     (7,431      643        (6,788

Change in fair value of interest rate hedge

     (2,584      947        (1,637

Foreign currency translation gain (loss)

     (21,936      (3,075      (25,011

Accumulated other comprehensive income (loss)

     (19,153      (2,839      (21,992

Additional paid-in capital

     277,582        335        277,917  

Total stockholders’ equity

     313,881        (1,861      312,020  

As of and for the year ended December 31, 2016

        

Net income (loss)

     7,942        (643      7,299  

Change in fair value of interest rate hedge

     3,015        (1,105      1,910  

Foreign currency translation gain (loss)

     (8,984      (743      (9,727

Accumulated other comprehensive income (loss)

     (25,122      (4,686      (29,808

Total stockholders’ equity

     315,199        (4,686      310,513  

As of and for the three-months ended March 31, 2017

        

Foreign currency translation gain (loss)

     4,706        298        5,004  

Accumulated other comprehensive income (loss)

     (20,416      (4,388      (24,804

Total stockholders’ equity

     327,879        (4,388      323,491  

 

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