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Basis of Presentation and Accounting Policy Information Basis of Presentation and Accounting Policy Information (Tables)
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Jun. 30, 2013
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| Accounting Changes and Error Corrections [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Error Corrections and Prior Period Adjustments [Table Text Block] |
Though the correction of the classification errors had no effect on our gross profit, it did result in a slight reduction to our previously reported gross margin as a percentage of revenue as follows below:
Corrections of classification errors in previously reported Condensed Consolidated Statement of Cash Flows
During the second quarter of fiscal 2013, the Company identified a classification error in its condensed consolidated statement of cash flows for the three months ended June 30, 2012 related to the classification of excess income tax benefits associated with stock option exercises. Such benefits were improperly classified as a cash inflow from operating activities rather than a cash inflow from financing activities in the first quarter of fiscal year 2013. The result of this error was an overstatement of cash flows from operating activities of $1,243 in the first quarter of fiscal 2013 and an understatement of cash flows from financing activities of $1,243 in the same quarter. The classification errors had no effect on the reported changes in cash and cash equivalents, and also had no effect on the condensed consolidated balance sheet, or the condensed consolidated statement of comprehensive income (loss).
The reduction to cash flows from operating activities for the excess tax deduction has been properly reflected in the condensed consolidated statement of cash flows for the three months ended June 30, 2013. Based on our evaluation of relevant quantitative and qualitative factors, we determined that the classification errors are immaterial to our prior period financial statements and did not warrant an amendment of our financial statements for the first quarter of fiscal 2013. The Company corrected the comparative presentation of the prior period as follows:
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