2018 Q1 Form 10-K Financial Statement

#000156459019005179 Filed on February 28, 2019

View on sec.gov

Income Statement

Concept 2018 Q1 2018 2017 Q4
Revenue $120.8M $529.3M $126.8M
YoY Change -29.05% -20.64% -22.18%
Cost Of Revenue $81.07M $325.7M $68.00M
YoY Change -16.04% -10.34% -26.25%
Gross Profit $39.73M $203.6M $58.81M
YoY Change -46.09% -32.96% -16.92%
Gross Profit Margin 32.89% 38.46% 46.37%
Selling, General & Admin $33.53M $124.4M $31.50M
YoY Change -3.56% -8.15% -8.43%
% of Gross Profit 84.39% 61.13% 53.56%
Research & Development $32.85M $124.5M $31.70M
YoY Change 2.92% -4.71% -1.25%
% of Gross Profit 82.67% 61.18% 53.9%
Depreciation & Amortization $3.614M $15.89M $3.700M
YoY Change -16.4% 1.27% -9.76%
% of Gross Profit 9.1% 7.81% 6.29%
Operating Expenses $66.38M $249.0M $63.20M
YoY Change -0.45% -6.46% -4.96%
Operating Profit -$26.65M -$45.42M -$4.153M
YoY Change -483.47% -221.49% -197.21%
Interest Expense $132.0K $533.0K $2.400M
YoY Change -6.38% -4.14% -17.24%
% of Operating Profit
Other Income/Expense, Net -$57.00K $1.286M $1.200M
YoY Change -211.76% -206.46% -500.0%
Pretax Income -$14.75M -$33.37M -$700.0K
YoY Change -276.69% -174.68% -110.29%
Income Tax -$3.931M -$14.03M -$1.500M
% Of Pretax Income
Net Earnings -$10.81M -$19.34M -$11.11M
YoY Change -262.59% -181.13% -246.72%
Net Earnings / Revenue -8.95% -3.65% -8.76%
Basic Earnings Per Share -$0.22 -$0.40 -$0.23
Diluted Earnings Per Share -$0.22 -$0.40 -$0.23
COMMON SHARES
Basic Shares Outstanding 48.23M 47.88M
Diluted Shares Outstanding 48.23M 47.88M

Balance Sheet

Concept 2018 Q1 2018 2017 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $99.00M $108.8M $102.6M
YoY Change -20.8% 6.04% -16.65%
Cash & Equivalents $82.62M $105.5M $86.40M
Short-Term Investments $16.40M $3.200M $16.10M
Other Short-Term Assets $9.700M $10.70M $17.30M
YoY Change -45.51% -38.15% 4.85%
Inventory $120.0M $99.80M $122.5M
Prepaid Expenses
Receivables $144.2M $99.40M $144.2M
Other Receivables $35.10M $36.70M $26.58M
Total Short-Term Assets $344.7M $355.4M $413.1M
YoY Change -2.74% -13.97% 17.06%
LONG-TERM ASSETS
Property, Plant & Equipment $83.90M $80.60M $85.08M
YoY Change 0.48% -5.29% 0.72%
Goodwill $3.492M
YoY Change 0.0%
Intangibles $4.661M
YoY Change
Long-Term Investments $156.5M $108.8M $130.3M
YoY Change -10.26% -16.5% -26.01%
Other Assets $27.70M $42.90M $9.064M
YoY Change -38.58% 32.0% -25.91%
Total Long-Term Assets $297.9M $272.6M $256.0M
YoY Change -4.76% 6.48% -18.56%
TOTAL ASSETS
Total Short-Term Assets $344.7M $355.4M $413.1M
Total Long-Term Assets $297.9M $272.6M $256.0M
Total Assets $642.6M $628.0M $669.1M
YoY Change -3.69% -6.14% 0.28%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $50.70M $61.10M $60.63M
YoY Change -31.76% 0.83% -21.61%
Accrued Expenses $29.70M $26.50M $13.23M
YoY Change 9.19% -9.25% 6.42%
Deferred Revenue $13.07M $13.07M
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $102.6M $118.0M $106.8M
YoY Change -15.63% 10.49% -15.58%
LONG-TERM LIABILITIES
Long-Term Debt $25.60M $24.60M $25.60M
YoY Change -4.48% -3.91% -4.48%
Other Long-Term Liabilities $38.70M $39.10M $34.21M
YoY Change 6.03% 0.77% 21.96%
Total Long-Term Liabilities $64.30M $63.70M $59.81M
YoY Change 1.58% -1.09% 9.04%
TOTAL LIABILITIES
Total Short-Term Liabilities $102.6M $118.0M $106.8M
Total Long-Term Liabilities $64.30M $63.70M $59.81M
Total Liabilities $166.9M $181.7M $171.2M
YoY Change -9.78% 6.13% -8.81%
SHAREHOLDERS EQUITY
Retained Earnings $922.2M
YoY Change 0.03%
Common Stock $261.3M
YoY Change 2.98%
Preferred Stock
YoY Change
Treasury Stock (at cost) $682.3M
YoY Change -0.25%
Treasury Stock Shares $31.17M
Shareholders Equity $475.7M $446.3M $497.9M
YoY Change
Total Liabilities & Shareholders Equity $642.6M $628.0M $669.1M
YoY Change -3.69% -6.14% 0.28%

Cashflow Statement

Concept 2018 Q1 2018 2017 Q4
OPERATING ACTIVITIES
Net Income -$10.81M -$19.34M -$11.11M
YoY Change -262.59% -181.13% -246.72%
Depreciation, Depletion And Amortization $3.614M $15.89M $3.700M
YoY Change -16.4% 1.27% -9.76%
Cash From Operating Activities $46.23M $55.45M -$64.40M
YoY Change 413.66% -230.85% -553.52%
INVESTING ACTIVITIES
Capital Expenditures $1.950M $8.110M -$2.400M
YoY Change -49.64% -44.9% -72.41%
Acquisitions
YoY Change
Other Investing Activities -$34.70M $8.400M $23.20M
YoY Change 594.0% -89.6% 65.71%
Cash From Investing Activities -$36.64M $285.0K $20.70M
YoY Change 311.71% -99.57% 298.08%
FINANCING ACTIVITIES
Cash Dividend Paid $17.30M
YoY Change -0.57%
Common Stock Issuance & Retirement, Net $10.17M $15.53M
YoY Change 82.96% -10.47%
Debt Paid & Issued, Net $1.100M
YoY Change 0.0%
Cash From Financing Activities -14.17M -32.42M 1.400M
YoY Change 64.76% 44.69% -129.79%
NET CHANGE
Cash From Operating Activities 46.23M 55.45M -64.40M
Cash From Investing Activities -36.64M 285.0K 20.70M
Cash From Financing Activities -14.17M -32.42M 1.400M
Net Change In Cash 772.0K -4.252M -42.30M
YoY Change -109.08% -180.55% -387.76%
FREE CASH FLOW
Cash From Operating Activities $46.23M $55.45M -$64.40M
Capital Expenditures $1.950M $8.110M -$2.400M
Free Cash Flow $44.28M $47.34M -$62.00M
YoY Change 763.48% -182.92% -370.74%

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InvestmentIncomeNetAmortizationOfDiscountAndPremium
-425000
CY2016 us-gaap Investment Income Net Amortization Of Discount And Premium
InvestmentIncomeNetAmortizationOfDiscountAndPremium
-643000
CY2018 us-gaap Gain Loss On Investments
GainLossOnInvestments
-4050000
CY2017 us-gaap Gain Loss On Investments
GainLossOnInvestments
4685000
CY2016 us-gaap Gain Loss On Investments
GainLossOnInvestments
5923000
CY2018 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-67000
CY2017 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
145000
CY2016 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-22000
CY2018 us-gaap Business Combination Bargain Purchase Gain Recognized Amount
BusinessCombinationBargainPurchaseGainRecognizedAmount
11322000
CY2016 us-gaap Business Combination Bargain Purchase Gain Recognized Amount
BusinessCombinationBargainPurchaseGainRecognizedAmount
3542000
CY2018 us-gaap Share Based Compensation
ShareBasedCompensation
7155000
CY2017 us-gaap Share Based Compensation
ShareBasedCompensation
7433000
CY2016 us-gaap Share Based Compensation
ShareBasedCompensation
6695000
CY2018 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-17257000
CY2017 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
14073000
CY2016 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-2685000
CY2018 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-49200000
CY2017 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
49103000
CY2016 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
21302000
CY2018 us-gaap Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
8522000
CY2017 us-gaap Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
10222000
CY2016 us-gaap Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
-4101000
CY2018 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-24192000
CY2017 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
15518000
CY2016 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
10887000
CY2018 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-10727000
CY2017 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
4830000
CY2016 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
7108000
CY2018 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-3799000
CY2017 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-17742000
CY2016 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
26722000
CY2018 us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
-3226000
CY2017 us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
-5455000
CY2016 us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
8792000
CY2018 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
7690000
CY2017 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
3858000
CY2016 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-3162000
CY2018 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
55454000
CY2017 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-42379000
CY2016 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
42002000
CY2018 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
8110000
CY2017 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
14720000
CY2016 us-gaap Interest Paid Net
InterestPaidNet
575000
CY2016 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
17583000
CY2018 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
1100000
CY2017 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
1100000
CY2016 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
1100000
CY2018 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-32416000
CY2017 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-22404000
CY2016 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-39783000
CY2018 us-gaap Cash And Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashAndCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
23323000
CY2017 us-gaap Cash And Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashAndCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
1259000
CY2016 us-gaap Cash And Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashAndCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-4262000
CY2018 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-4252000
CY2017 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
5279000
CY2016 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-393000
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
86433000
CY2016Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
79895000
CY2015Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
84550000
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
105504000
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
86433000
CY2016Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
79895000
CY2018 us-gaap Interest Paid Net
InterestPaidNet
534000
CY2017 us-gaap Interest Paid Net
InterestPaidNet
555000
CY2016 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
21441000
CY2017 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
151000
CY2018 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
153649000
CY2017 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
173752000
CY2016 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
225075000
CY2018 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
123209000
CY2017 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
93141000
CY2016 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
209172000
CY2018 us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
22045000
CY2016 us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
943000
CY2018 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
285000
CY2017 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
66042000
CY2016 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-6481000
CY2018 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
1483000
CY2017 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
13412000
CY2016 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
4717000
CY2018 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
15532000
CY2017 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
17348000
CY2016 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
25817000
CY2018 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
17267000
CY2017 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
17368000
CY2018 us-gaap Income Taxes Paid
IncomeTaxesPaid
4104000
CY2017 us-gaap Income Taxes Paid
IncomeTaxesPaid
2988000
CY2016 us-gaap Income Taxes Paid
IncomeTaxesPaid
18689000
CY2018 us-gaap Noncash Or Part Noncash Acquisition Value Of Assets Acquired1
NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1
62000
CY2017 us-gaap Noncash Or Part Noncash Acquisition Value Of Assets Acquired1
NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1
408000
CY2016 us-gaap Noncash Or Part Noncash Acquisition Value Of Assets Acquired1
NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1
2103000
CY2018 adtn Non Cash Or Part Non Cash Contingent Payment
NonCashOrPartNonCashContingentPayment
1230000
CY2018Q4 us-gaap Cash Uninsured Amount
CashUninsuredAmount
102200000
CY2018 us-gaap Use Of Estimates
UseOfEstimates
<p style="text-align:justify;margin-top:18pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;">Use of Estimates</p> <p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (U.S. GAAP) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenue and expense during the reporting period. Our more significant estimates include obsolete and excess inventory reserves, warranty reserves, customer rebates, determination and accrual of the deferred revenue components of multiple element sales agreements, estimated costs to complete obligations associated with deferred revenues and network installations, estimated income tax provision and income tax contingencies, fair value of stock-based compensation, impairment of goodwill, valuation and estimated lives of intangible assets, estimated pension liability, fair value of investments, and evaluation of other-than-temporary declines in the value of investments. Actual amounts could differ significantly from these estimates.</p>
CY2018Q4 us-gaap Long Term Debt
LongTermDebt
25600000
CY2018Q4 us-gaap Debt Instrument Fair Value
DebtInstrumentFairValue
25400000
CY2018 adtn Number Of Single Customers Accounting For More Than Ten Percent Of Accounts Receivable
NumberOfSingleCustomersAccountingForMoreThanTenPercentOfAccountsReceivable
3
CY2017 adtn Number Of Single Customers Accounting For More Than Ten Percent Of Accounts Receivable
NumberOfSingleCustomersAccountingForMoreThanTenPercentOfAccountsReceivable
2
CY2018Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
100000
CY2017Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
0
CY2018 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0
CY2017 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0
CY2016 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0
CY2018 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2017 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2016 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2018 us-gaap Standard Product Warranty Description
StandardProductWarrantyDescription
90 days to five years
CY2018Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
8600000
CY2017Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
9700000
CY2017Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
9724000
CY2016Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
8548000
CY2015Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
8739000
CY2018 adtn Product Warranty Accrual Increase Decrease For Warranties Issued
ProductWarrantyAccrualIncreaseDecreaseForWarrantiesIssued
7392000
CY2017 adtn Product Warranty Accrual Increase Decrease For Warranties Issued
ProductWarrantyAccrualIncreaseDecreaseForWarrantiesIssued
6951000
CY2016 adtn Product Warranty Accrual Increase Decrease For Warranties Issued
ProductWarrantyAccrualIncreaseDecreaseForWarrantiesIssued
8561000
CY2018 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
8493000
CY2017 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
5775000
CY2016 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
8752000
CY2018Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
8623000
CY2017Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
9724000
CY2016Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
8548000
CY2018Q4 us-gaap Defined Benefit Pension Plan Liabilities Noncurrent
DefinedBenefitPensionPlanLiabilitiesNoncurrent
13100000
CY2017Q4 us-gaap Defined Benefit Pension Plan Liabilities Noncurrent
DefinedBenefitPensionPlanLiabilitiesNoncurrent
8300000
CY2018 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
7200000
CY2017 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
7400000
CY2016 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
6700000
CY2018Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
18600000
CY2018 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y10M24D
CY2018 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
124500000
CY2017 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
130700000
CY2016 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
124900000
CY2016 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-283000
CY2016 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
2936000
CY2017 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
10851000
CY2017 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
1958000
CY2018 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-7441000
CY2018 us-gaap Cumulative Effect On Retained Earnings Net Of Tax1
CumulativeEffectOnRetainedEarningsNetOfTax1
-3220000
CY2018 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
460000
CY2018 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
926000
CY2018 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
241000
CY2018 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
685000
CY2018 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax
-804000
CY2018 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax
-209000
CY2018 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
-595000
CY2018 adtn Other Comprehensive Income Loss Reclassification Adjustment From Aoci Retained Earnings Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIRetainedEarningsBeforeTax
-4351000
CY2018 adtn Other Comprehensive Income Loss Reclassification Adjustment From Aoci Retained Earnings Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIRetainedEarningsTax
-1131000
CY2018 adtn Other Comprehensive Income Loss Reclassification Adjustment From Aoci Retained Earnings Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIRetainedEarningsNetOfTax
-3220000
CY2018 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Reclassification Adjustments And Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeReclassificationAdjustmentsAndTax
5638000
CY2018 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Before Reclassification Adjustments Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansBeforeReclassificationAdjustmentsTax
1748000
CY2018 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Reclassification Adjustments Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeReclassificationAdjustmentsNetOfTax
3890000
CY2018 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansBeforeTax
196000
CY2018 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansTax
61000
CY2018 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax
135000
CY2018 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
-4236000
CY2018 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-4236000
CY2018 us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
-13907000
CY2018 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
-2786000
CY2018 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-11121000
CY2017 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
8230000
CY2017 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
3210000
CY2017 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
5020000
CY2017 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax
-4684000
CY2017 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax
-1827000
CY2017 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
-2857000
CY2017 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax
-897000
CY2017 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
-278000
CY2017 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-619000
CY2017 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesBeforeTax
897000
CY2017 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax
278000
CY2017 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
619000
CY2017 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Reclassification Adjustments And Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeReclassificationAdjustmentsAndTax
-654000
CY2017 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Before Reclassification Adjustments Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansBeforeReclassificationAdjustmentsTax
-203000
CY2017 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Reclassification Adjustments Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeReclassificationAdjustmentsNetOfTax
-451000
CY2017 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansBeforeTax
406000
CY2017 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansTax
126000
CY2017 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax
280000
CY2017 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
5999000
CY2017 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
5999000
CY2017Q4 adtn Tax Cuts And Jobs Act Of2017 Incomplete Accounting Change In Tax Rate Provisional Income Tax Expense Benefit
TaxCutsAndJobsActOf2017IncompleteAccountingChangeInTaxRateProvisionalIncomeTaxExpenseBenefit
9200000
CY2017Q4 adtn Tax Cuts And Jobs Act Of2017 Incomplete Accounting Transition Tax For Foreign Earnings Provisional Income Tax Expense
TaxCutsAndJobsActOf2017IncompleteAccountingTransitionTaxForForeignEarningsProvisionalIncomeTaxExpense
2700000
CY2018Q3 adtn Tax Cuts And Jobs Act Of2017 Income Tax Expense Benefit
TaxCutsAndJobsActOf2017IncomeTaxExpenseBenefit
-4000000.0
CY2017 us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
10605000
CY2017 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
1712000
CY2017 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
8893000
CY2016 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
2484000
CY2016 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
969000
CY2016 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
1515000
CY2016 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax
-4989000
CY2016 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax
-1946000
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1782000
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553000
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1229000
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156000
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49000
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107000
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-569000
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-569000
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-1481000
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11900000
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0.09
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0.09
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0.09
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0.09
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17300000
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PaymentsOfDividends
17400000
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17600000
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0.09
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0.09
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0.09
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0.09
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36699000
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10744000
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12518000
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26578000
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23428000
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5723000
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2900000
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144150000
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3766000
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374000
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17940000
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13070000
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5296000
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4556000
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9900000
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7155000
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AllocatedShareBasedCompensationExpense
7433000
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1432000
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EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
1699000
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963000
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5734000
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5732000
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5148000
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22.65
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6109000
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15.46
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73000
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597000
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22.58
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4382000
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22.91
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4131000
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23.37
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2500000
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200000
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3400000
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1100000
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2500000
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SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
4300000
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5700000
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4382000
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4131000
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0
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0
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1292000
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21.33
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ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
690000
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
14.48
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ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
217000
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
19.94
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ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
195000
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
21.29
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1570000
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
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18.52
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27000
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270000
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40799000
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25600000
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62857000
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53000
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417000
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417000
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27800000
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547000
CY2017Q4 us-gaap Investments
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57000
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DebtSecuritiesAvailableForSaleRealizedGain
169000
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DebtSecuritiesAvailableForSaleRealizedGain
341000
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DebtSecuritiesAvailableForSaleRealizedLoss
592000
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DebtSecuritiesAvailableForSaleRealizedLoss
226000
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DebtSecuritiesAvailableForSaleRealizedLoss
222000
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-535000
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119000
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21135000
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123000
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8456000
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147000
CY2018Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position
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29591000
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270000
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27002000
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109000
CY2017Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
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20678000
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308000
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47680000
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1306000
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45333000
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44185000
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1638000
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1939000
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52877000
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4575000
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4575000
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34379000
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68183000
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68301000
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19831000
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19489000
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92071000
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90726000
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127060000
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123363000
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346099000
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338924000
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265464000
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253845000
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80635000
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85079000
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12800000
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11325000
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1670000
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2913000
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631000
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707000
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473000
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787000
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11905000
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12744000
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3477000
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3325000
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12498000
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33183000
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11339000
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990000
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431000
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189000
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60000
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13009000
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7100000
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3500000
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0
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GoodwillImpairmentLoss
0
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0
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46456000
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13273000
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33183000
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10067000
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4661000
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2300000
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2900000
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2
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2
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47880000
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406000
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170000
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140000
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55000
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