Quarterly report pursuant to Section 13 or 15(d)

Recent Accounting Pronouncements (Tables)

v3.19.1
Recent Accounting Pronouncements (Tables)
3 Months Ended
Mar. 31, 2019
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]  
The effect of the changes for the adoption of ASU 2016-02
The effect of the changes made to the Company's condensed consolidated balance sheet as of December 31, 2018 for the adoption of ASU 2016-02 Leases (Topic 842) are as follows:
Assets
December 30, 2018
 
Adoption of Leases (Topic 842)
 
December 31, 2018
Non-current assets:
 
 
 
 
 
Operating lease assets

 
170,316

 
170,316

Other assets and intangible assets, net
2,425

 
(2,093
)
 
332

 
 
 
 
 
 
Liabilities and Stockholders' Equity
 
 
 
 
 
Current Liabilities:
 
 
 
 
 
Operating lease liability

 
8,694

 
8,694

Deferred lease incentives
2,959

 
(2,959
)
 

Non-current liabilities:
 
 
 
 
 
Deferred tax liability, less current portion
2,601

 
(106
)
 
2,495

Accrued deferred rent
14,516

 
(14,516
)
 

Deferred lease incentives, less current portion
39,473

 
(39,473
)
 

Operating lease liabilities, less current portion

 
216,932

 
216,932

Stockholders' equity:
 
 
 
 
 
Retained earnings
94,192

 
(349
)
 
93,843