Business
CORRECTION -- School Specialty Announces Fiscal 2015 First Quarter Results and Reaffirms Fiscal 2015 Full Year Guidance
CORRECTION -- School Specialty Announces Fiscal 2015 First Quarter Results and Reaffirms Fiscal 2015 Full Year Guidance.
About this update from School Speciality Inc
[{"type":"text","content":"\nGREENVILLE, Wis., Sept. 5, 2014 (GLOBE NEWSWIRE) -- School Specialty has re-issued its Fiscal 2015 First Quarter Results announcement as there was a change in the Condensed Consolidated Balance Sheet. Accounts receivable, less allowance for doubtful accounts of $984 and $926, respectively, for the period ended July 26, 2014 was changed from $136,338 to $135,842. Additionally, deferred revenue for the period ended July 26, 2014 was changed from $3,423 to $2,927. As a result, corresponding changes were made to total current assets, total assets, total current liabilities and total liabilities. These changes are now reflected in the revised Condensed Consolidated Balance Sheet and reported as such in the Company's Form 10-Q, filed with the Securities and Exchange Commission on September 4, 2014.\n\n\t\n\t\t\n\t\t\t\n\t\t\t\tSCHOOL SPECIALTY, INC.\n\t\t\n\t\t\n\t\t\t\n\t\t\t\tCONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED)\n\t\t\n\t\t\n\t\t\t\n\t\t\t\t(In Thousands, Except Share and Per Share Data)\n\t\t\n\t\t\n\t\t\t\n\t\t\t\t \n\t\t\t\n\t\t\t\t \n\t\t\t\n\t\t\t\t \n\t\t\t\n\t\t\t\t \n\t\t\n\t\t\n\t\t\t\n\t\t\t\t \n\t\t\t\n\t\t\t\tJuly 26, 2014\n\t\t\t\n\t\t\t\tApril 26, 2014\n\t\t\t\n\t\t\t\tJuly 27, 2013\n\t\t\n\t\t\n\t\t\t\n\t\t\t\tASSETS\n\t\t\t\n\t\t\t\t \n\t\t\t\n\t\t\t\t \n\t\t\t\n\t\t\t\t \n\t\t\n\t\t\n\t\t\t\n\t\t\t\tCurrent assets:\n\t\t\t\n\t\t\t\t \n\t\t\t\n\t\t\t\t \n\t\t\t\n\t\t\t\t \n\t\t\n\t\t\n\t\t\t\n\t\t\t\tCash and cash equivalents\n\t\t\t\n\t\t\t\t $ 9,281\n\t\t\t\n\t\t\t\t $ 9,008\n\t\t\t\n\t\t\t\t $ 9,787\n\t\t\n\t\t\n\t\t\t\n\t\t\t\tRestricted cash \n\t\t\t\n\t\t\t\t -- \n\t\t\t\n\t\t\t\t --\n\t\t\t\n\t\t\t\t 25,820\n\t\t\n\t\t\n\t\t\t\n\t\t\t\tAccounts receivable, less allowance for doubtful accounts of $984 and $926, respectively\n\t\t\t\n\t\t\t\t135,842\n\t\t\t\n\t\t\t\t62,631\n\t\t\t\n\t\t\t\t 138,879\n\t\t\n\t\t\n\t\t\t\n\t\t\t\tInventories, net \n\t\t\t\n\t\t\t\t109,722\n\t\t\t\n\t\t\t\t93,387\n\t\t\t\n\t\t\t\t 104,868\n\t\t\n\t\t\n\t\t\t\n\t\t\t\tDeferred catalog costs \n\t\t\t\n\t\t\t\t4,497\n\t\t\t\n\t\t\t\t8,057\n\t\t\t\n\t\t\t\t 5,793\n\t\t\n\t\t\n\t\t\t\n\t\t\t\tPrepaid expenses and other current assets \n\t\t\t\n\t\t\t\t19,242\n\t\t\t\n\t\t\t\t18,04...