 The film exceeded its original budget by more than $776,000 and took five years to earn back its cost.The serious financial crisis it created for Columbia Pictures damaged the partnership between Capra and studio head Harry Cohn, as well as the friendship between Capra and Riskin.In 2016, the film was selected for preservation in the United States National Film Registry by the Library of Congress as being "culturally, historically, or aesthetically significant".