This excerpt taken from the QEPC 10-K filed Jun 15, 2005.
NOTE C RESTATEMENT OF CONSOLIDATED FINANCIAL STATEMENTS
In connection with the 2005 consolidation process, the Company determined that errors in intercompany balances, recorded debt and consolidating adjusting journal entries in the fiscal years 2003, 2004 and 2005 and prior periods resulted in errors being reported in its previously issued consolidated financial statements. These errors principally resulted from adjustments to lines of credit, accrued liabilities, goodwill related to prior acquisitions and accumulated other comprehensive income. These errors did not affect the Companys previously reported statement of income or earnings per share.
The accompanying consolidated financial statements reflect the restatement of such balances for all periods presented. As such, previously reported goodwill has been decreased by $109,000 as of February 29, 2004; previously reported lines of credit has been increased by $1,251,000 as of February 29, 2004; previously reported accrued liabilities have been increased by $466,000 as of February 29, 2004; previously reported retained earnings have been decreased by $285,000 as of February 28 or 29, 2002, 2003 and 2004; previously reported accumulated other comprehensive income has been decreased by $706,000, $949,000 and $1,541,000 as of February 28 or 29, 2002, 2003 and 2004, respectively; and previously reported foreign translation currency adjustment has been decreased by $242,000 and $593,000 for the fiscal years ended February 28, 2003 and February 29, 2004, respectively.