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Some quarters in its last two fiscal years might be restated after a company investigation, OmniVision said.
Recapitulations, where themes are normally restated after they are combined and contrasted in development, are foreshortened, while codas, where pieces of music generally wind to a close, are greatly enlarged to a size and scope that can affect the listener's concept of the themes.
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The same filing said the company's restated after-tax net income for the year was $847 million, but did not give a pretax figure.
It's worth noting, says Michael Krensavage, an analyst at Raymond James & Associates, that the results were compared to the year-ago earnings that were restated down after J&J bought Alza, a drug delivery company.
He continues to restate facts after they have been shown to be wrong.
The company, whose accounting is under federal investigation, said in July that it would restate results after misreporting at least $1.16 billion in revenue from 1999 to 2001.
The company had to restate revenue after incorrectly reporting sales from joint ventures like ICA in Scandinavia and Jerónimo Martins Retail, which is based in Portugal.
Generous options grants may also encourage fraud; the business professors Jared Harris and Philip Bromiley, who have made a study of hundreds of firms forced to restate earnings after accounting irregularities, found that companies that paid out most of their compensation in stock options were far more likely to end up restating earnings.
Last week, Apple Computer said it would have to restate earnings after finding irregularities in its options accounting.
Elsewhere, General Motors said it will have to restate earnings after overstating 2001 profit by up to $400 million.
Several analysts have questioned how it is that fewer banks restated financial results after the financial crisis than before.
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