2019 Q4 Form 10-K Financial Statement

#000178175520000022 Filed on March 24, 2020

View on sec.gov

Income Statement

Concept 2019 Q4 2019 2018 Q4
Revenue $36.60M $137.8M $20.90M
YoY Change 75.12% 72.47%
Cost Of Revenue $29.90M $97.00M $13.80M
YoY Change 116.67% 87.62%
Gross Profit $6.700M $40.90M $7.100M
YoY Change -5.63% 45.04%
Gross Profit Margin 18.31% 29.68% 33.97%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $3.300M $542.0K $910.0K
YoY Change 262.64% 6.69%
% of Gross Profit 49.25% 1.33% 12.82%
Operating Expenses $25.20M $45.90M $6.300M
YoY Change 300.0% 145.45%
Operating Profit -$18.54M -$5.068M $755.0K
YoY Change -2555.36% -153.19%
Interest Expense -$1.600M -$10.60M -$1.600M
YoY Change 0.0% 60.61%
% of Operating Profit -211.92%
Other Income/Expense, Net -$8.376M -$17.37M -$1.618M
YoY Change 417.68% 153.93%
Pretax Income -$26.91M -$22.44M -$900.0K
YoY Change 2890.44% -934.4%
Income Tax $17.00K $17.00K
% Of Pretax Income
Net Earnings -$8.650M -$8.650M -$1.466M
YoY Change 490.04% 1286.22%
Net Earnings / Revenue -23.63% -6.28% -7.01%
Basic Earnings Per Share
Diluted Earnings Per Share -$148.6K -$139.0K -$25.17K
COMMON SHARES
Basic Shares Outstanding 18.86M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2019 Q4 2019 2018 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $67.70M $67.70M
YoY Change 746.25%
Cash & Equivalents $67.69M $67.70M $7.995M
Short-Term Investments
Other Short-Term Assets $6.400M $6.400M
YoY Change 481.82%
Inventory
Prepaid Expenses
Receivables $58.80M $58.80M
Other Receivables $0.00 $0.00
Total Short-Term Assets $132.9M $132.9M $38.59M
YoY Change 244.42% 244.3%
LONG-TERM ASSETS
Property, Plant & Equipment $3.322M $3.300M $2.148M
YoY Change 54.66% 57.14%
Goodwill $164.5M $65.76M
YoY Change 150.09% 139.53%
Intangibles $92.45M $29.74M
YoY Change 210.82%
Long-Term Investments
YoY Change
Other Assets $5.600M $5.600M $3.575M
YoY Change 56.64% 55.56%
Total Long-Term Assets $265.8M $265.9M $101.2M
YoY Change 162.61% 162.75%
TOTAL ASSETS
Total Short-Term Assets $132.9M $132.9M $38.59M
Total Long-Term Assets $265.8M $265.9M $101.2M
Total Assets $398.8M $398.8M $139.8M
YoY Change 185.19% 185.26%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $7.500M $7.500M
YoY Change 87.5%
Accrued Expenses $2.532M $57.50M $575.0K
YoY Change 340.35% 134.69%
Deferred Revenue $5.349M $1.450M
YoY Change 268.9%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $0.00 $527.0K
YoY Change -100.0% -100.0%
Total Short-Term Liabilities $72.83M $72.80M $33.23M
YoY Change 119.17% 119.28%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $40.40M $1.497M
YoY Change -100.0% -44.04%
Other Long-Term Liabilities $2.017M $48.30M $2.610M
YoY Change -22.72% 316.38%
Total Long-Term Liabilities $2.017M $88.70M $4.107M
YoY Change -50.89% 5.85%
TOTAL LIABILITIES
Total Short-Term Liabilities $72.83M $72.80M $33.23M
Total Long-Term Liabilities $2.017M $88.70M $4.107M
Total Liabilities $161.5M $325.5M $117.0M
YoY Change 38.0% 98.23%
SHAREHOLDERS EQUITY
Retained Earnings -$8.650M $0.00
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $73.29M $73.30M -$63.70M
YoY Change
Total Liabilities & Shareholders Equity $398.8M $398.8M $139.8M
YoY Change 185.19% 185.26%

Cashflow Statement

Concept 2019 Q4 2019 2018 Q4
OPERATING ACTIVITIES
Net Income -$8.650M -$8.650M -$1.466M
YoY Change 490.04% 1286.22%
Depreciation, Depletion And Amortization $3.300M $542.0K $910.0K
YoY Change 262.64% 6.69%
Cash From Operating Activities -$2.480M $12.01M $1.810M
YoY Change -237.02% 1.87%
INVESTING ACTIVITIES
Capital Expenditures -$260.0K $1.718M -$930.0K
YoY Change -72.04% 227.24%
Acquisitions $98.42M
YoY Change 180.47%
Other Investing Activities $1.070M -$98.62M $0.00
YoY Change 181.05%
Cash From Investing Activities $800.0K -$101.0M -$940.0K
YoY Change -185.11% 137.55%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $204.0K
YoY Change -61.22%
Cash From Financing Activities 55.24M $152.1M -500.0K
YoY Change -11148.0% 327.14%
NET CHANGE
Cash From Operating Activities -2.480M $12.01M 1.810M
Cash From Investing Activities 800.0K -$101.0M -940.0K
Cash From Financing Activities 55.24M $152.1M -500.0K
Net Change In Cash 53.56M $63.08M 370.0K
YoY Change 14375.68% 1194.66%
FREE CASH FLOW
Cash From Operating Activities -$2.480M $12.01M $1.810M
Capital Expenditures -$260.0K $1.718M -$930.0K
Free Cash Flow -$2.220M $10.30M $2.740M
YoY Change -181.02% -8.63%

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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
7995000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
71071000 USD
CY2018 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
4872000 USD
CY2019 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
63076000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
34654000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
107390000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
29744000 USD
CY2019Q4 us-gaap Cash Fdic Insured Amount
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250000 USD
CY2018 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-624000 USD
CY2019 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-8650000 USD
CY2018 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
3313000 USD
CY2019 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-13804000 USD
CY2018 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
2689000 USD
CY2019 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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-22454000 USD
CY2018Q4 us-gaap Contract With Customer Asset Accumulated Allowance For Credit Loss
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250000 USD
CY2019Q4 us-gaap Contract With Customer Asset Accumulated Allowance For Credit Loss
ContractWithCustomerAssetAccumulatedAllowanceForCreditLoss
2200000 USD
CY2018Q4 us-gaap Contract With Customer Asset Gross Current
ContractWithCustomerAssetGrossCurrent
20672000 USD
CY2019Q4 us-gaap Contract With Customer Asset Gross Current
ContractWithCustomerAssetGrossCurrent
47337000 USD
CY2018Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
1450000 USD
CY2019Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
5349000 USD
CY2019 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
1500000 USD
CY2018Q1 us-gaap Costs And Expenses
CostsAndExpenses
15474000 USD
CY2018Q2 us-gaap Costs And Expenses
CostsAndExpenses
17580000 USD
CY2018Q3 us-gaap Costs And Expenses
CostsAndExpenses
17196000 USD
CY2018Q4 us-gaap Costs And Expenses
CostsAndExpenses
20101000 USD
CY2018 us-gaap Costs And Expenses
CostsAndExpenses
70351000 USD
CY2019Q1 us-gaap Costs And Expenses
CostsAndExpenses
18514000 USD
CY2019Q2 us-gaap Costs And Expenses
CostsAndExpenses
32387000 USD
CY2019Q3 us-gaap Costs And Expenses
CostsAndExpenses
36909000 USD
CY2019Q4 us-gaap Costs And Expenses
CostsAndExpenses
55099000 USD
CY2019 us-gaap Costs And Expenses
CostsAndExpenses
142909000 USD
CY2017Q4 us-gaap Cumulative Effect Of New Accounting Principle In Period Of Adoption
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6793000 USD
CY2019 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
13000 USD
CY2019 us-gaap Current State And Local Tax Expense Benefit
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4000 USD
CY2018Q4 us-gaap Deferred Finance Costs Gross
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861000 USD
CY2019Q4 us-gaap Deferred Finance Costs Gross
DeferredFinanceCostsGross
1800000 USD
CY2018Q4 us-gaap Deferred Finance Costs Net
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590000 USD
CY2019Q4 us-gaap Deferred Finance Costs Net
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1345000 USD
CY2019Q4 us-gaap Deferred Tax Asset Interest Carryforward
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538000 USD
CY2019Q4 us-gaap Deferred Tax Assets Gross
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35503000 USD
CY2019Q4 us-gaap Deferred Tax Assets Investment In Subsidiaries
DeferredTaxAssetsInvestmentInSubsidiaries
34729000 USD
CY2019Q4 us-gaap Deferred Tax Assets Net
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0 USD
CY2019Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
236000 USD
CY2019Q4 us-gaap Deferred Tax Assets Valuation Allowance
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35503000 USD
CY2018 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
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458000 USD
CY2019 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
700000 USD
CY2018Q4 us-gaap Deposit Assets
DepositAssets
103000 USD
CY2019Q4 us-gaap Deposit Assets
DepositAssets
434000 USD
CY2018 us-gaap Depreciation
Depreciation
508000 USD
CY2019 us-gaap Depreciation
Depreciation
542000 USD
CY2018 us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
3090000 USD
CY2019 us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
10549000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
92450000 USD
CY2018 us-gaap Gains Losses On Extinguishment Of Debt
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0 USD
CY2019 us-gaap Gains Losses On Extinguishment Of Debt
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-6732000 USD
CY2019Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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-2949000 USD
CY2019Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-2306000 USD
CY2019Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 USD
CY2019Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 USD
CY2019Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 USD
CY2019 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
2228000 USD
CY2019 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-4712000 USD
CY2019 us-gaap Income Tax Reconciliation Minority Interest Income Expense
IncomeTaxReconciliationMinorityInterestIncomeExpense
3138000 USD
CY2019 us-gaap Income Tax Reconciliation Nondeductible Expense Life Insurance
IncomeTaxReconciliationNondeductibleExpenseLifeInsurance
20000 USD
CY2019 us-gaap Income Tax Reconciliation Nondeductible Expense Meals And Entertainment
IncomeTaxReconciliationNondeductibleExpenseMealsAndEntertainment
79000 USD
CY2019 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
328000 USD
CY2019 us-gaap Income Tax Reconciliation State And Local Income Taxes
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-1064000 USD
CY2018 us-gaap Net Cash Provided By Used In Investing Activities
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-42526000 USD
CY2018 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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1306000 USD
CY2018Q4 us-gaap Due From Related Parties Current
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117000 USD
CY2019Q4 us-gaap Due From Related Parties Current
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43000 USD
CY2019Q4 us-gaap Earnings Per Share Basic And Diluted
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-0.48
CY2018Q4 us-gaap Employee Related Liabilities Current
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2002000 USD
CY2019 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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9000000 USD
CY2019Q4 us-gaap Employee Related Liabilities Current
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4162000 USD
CY2019Q4 us-gaap Equity Method Investment Ownership Percentage
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0.31
CY2018Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
4910000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
14940000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
12283000 USD
CY2017Q4 us-gaap Goodwill
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27455000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
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12473000 USD
CY2018Q4 us-gaap Goodwill
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65764000 USD
CY2019Q4 us-gaap Goodwill
Goodwill
164470000 USD
CY2018 us-gaap Goodwill Acquired During Period
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38309000 USD
CY2019 us-gaap Goodwill Acquired During Period
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98706000 USD
CY2019Q4 us-gaap Goodwill Fair Value Disclosure
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98706000 USD
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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2689000 USD
CY2019Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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-26914000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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-22437000 USD
CY2018 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 USD
CY2019Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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9732000 USD
CY2019Q4 us-gaap Income Tax Expense Benefit
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17000 USD
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
17000 USD
CY2018 us-gaap Increase Decrease In Due From Related Parties
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117000 USD
CY2019 us-gaap Increase Decrease In Due From Related Parties
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-74000 USD
CY2018 us-gaap Increase Decrease In Other Noncurrent Liabilities
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-553000 USD
CY2019 us-gaap Increase Decrease In Other Noncurrent Liabilities
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0 USD
CY2018 us-gaap Increase Decrease In Premiums Receivable
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-663000 USD
CY2018Q4 us-gaap Insurance Commissions And Fees
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20856000 USD
CY2018 us-gaap Insurance Commissions And Fees
InsuranceCommissionsAndFees
79880000 USD
CY2018 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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1347000 USD
CY2019 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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2631000 USD
CY2018Q1 us-gaap Insurance Commissions And Fees
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21791000 USD
CY2018Q2 us-gaap Insurance Commissions And Fees
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18694000 USD
CY2019 us-gaap Net Cash Provided By Used In Investing Activities
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CY2019 us-gaap Operating Income Loss
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CY2018 us-gaap Operating Lease Expense
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3000000 USD
CY2018Q3 us-gaap Insurance Commissions And Fees
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18539000 USD
CY2019 us-gaap Operating Lease Expense
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4200000 USD
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1032000 USD
CY2018 us-gaap Net Cash Provided By Used In Operating Activities
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11793000 USD
CY2019 us-gaap Net Cash Provided By Used In Operating Activities
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12014000 USD
CY2018Q1 us-gaap Net Income Loss
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3541000 USD
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CY2019Q1 us-gaap Insurance Commissions And Fees
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29836000 USD
CY2019Q2 us-gaap Insurance Commissions And Fees
InsuranceCommissionsAndFees
33062000 USD
CY2019Q3 us-gaap Insurance Commissions And Fees
InsuranceCommissionsAndFees
38383000 USD
CY2019Q4 us-gaap Insurance Commissions And Fees
InsuranceCommissionsAndFees
36560000 USD
CY2019 us-gaap Insurance Commissions And Fees
InsuranceCommissionsAndFees
137841000 USD
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29744000 USD
CY2019Q4 us-gaap Intangible Assets Net Excluding Goodwill
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92450000 USD
CY2018 us-gaap Interest Income Expense Net
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CY2019 us-gaap Interest Income Expense Net
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CY2018 us-gaap Interest Paid Net
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3366000 USD
CY2019 us-gaap Interest Paid Net
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9487000 USD
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188000 USD
CY2019Q4 us-gaap Interest Payable Current
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71000 USD
CY2018Q4 us-gaap Investment Owned At Cost
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0 USD
CY2019Q4 us-gaap Investment Owned At Cost
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200000 USD
CY2018 us-gaap Labor And Related Expense
LaborAndRelatedExpense
51654000 USD
CY2019 us-gaap Labor And Related Expense
LaborAndRelatedExpense
96955000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due
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41195000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
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16742000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
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4586000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
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4223000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
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4784000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
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5280000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
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5580000 USD
CY2018Q4 us-gaap Liabilities
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117022000 USD
CY2019Q4 us-gaap Liabilities
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161494000 USD
CY2018Q4 us-gaap Liabilities And Stockholders Equity
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139825000 USD
CY2019Q4 us-gaap Liabilities And Stockholders Equity
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398768000 USD
CY2018Q4 us-gaap Liabilities Current
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33227000 USD
CY2019Q4 us-gaap Liabilities Current
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72825000 USD
CY2018Q4 us-gaap Long Term Debt Current
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527000 USD
CY2019Q4 us-gaap Long Term Debt Current
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0 USD
CY2018Q4 us-gaap Long Term Debt Noncurrent
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1497000 USD
CY2019Q4 us-gaap Long Term Debt Noncurrent
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0 USD
CY2018Q4 us-gaap Long Term Line Of Credit
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33861000 USD
CY2019Q4 us-gaap Long Term Line Of Credit
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40363000 USD
CY2018Q4 us-gaap Members Capital
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CY2019Q4 us-gaap Members Capital
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CY2018Q4 us-gaap Minority Interest
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937000 USD
CY2019Q4 us-gaap Minority Interest
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163966000 USD
us-gaap Minority Interest Change In Redemption Value
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CY2018 us-gaap Minority Interest Change In Redemption Value
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CY2019 us-gaap Minority Interest Change In Redemption Value
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143413000 USD
CY2019Q4 us-gaap Minority Interest Ownership Percentage By Noncontrolling Owners
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0.69
CY2018Q3 us-gaap Net Income Loss
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CY2018Q4 us-gaap Net Income Loss
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CY2018 us-gaap Net Income Loss
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-624000 USD
CY2019Q1 us-gaap Net Income Loss
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0 USD
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
0 USD
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
0 USD
CY2019Q4 us-gaap Net Income Loss
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CY2019 us-gaap Net Income Loss
NetIncomeLoss
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CY2018Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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1147000 USD
CY2018Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
700000 USD
CY2018Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
863000 USD
CY2018Q4 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
603000 USD
CY2018 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
3313000 USD
CY2019Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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9732000 USD
CY2019Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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-2949000 USD
CY2019 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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-13804000 USD
CY2019Q4 us-gaap Net Income Loss Available To Common Stockholders Basic
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-8650000 USD
us-gaap Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
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728000 USD
CY2019Q4 us-gaap Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
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-27990000 USD
CY2018 us-gaap Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
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-565000 USD
us-gaap Noncontrolling Interest Increase From Business Combination
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1000000 USD
CY2018Q1 us-gaap Nonoperating Income Expense
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-1629000 USD
CY2018Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-2303000 USD
CY2018Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-1290000 USD
CY2018Q4 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-1618000 USD
CY2018 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-6840000 USD
CY2019Q1 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-1590000 USD
CY2019Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-3624000 USD
CY2019Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-3780000 USD
CY2019Q4 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-8375000 USD
CY2019 us-gaap Nonoperating Income Expense
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-17369000 USD
CY2018Q4 us-gaap Notes Payable Related Parties Noncurrent
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36880000 USD
CY2019Q4 us-gaap Notes Payable Related Parties Noncurrent
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0 USD
CY2019Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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-2306000 USD
CY2019Q4 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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-18281000 USD
CY2019 us-gaap Number Of Businesses Acquired
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4
CY2018 us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
14379000 USD
CY2019 us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
24576000 USD
CY2018Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
6317000 USD
CY2018Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
1114000 USD
CY2018Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
1343000 USD
CY2018 us-gaap Other Nonoperating Income Expense
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CY2019 us-gaap Other Nonoperating Income Expense
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3000 USD
CY2018 us-gaap Partners Capital Account Contributions
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137000 USD
us-gaap Partners Capital Account Distributions
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3216000 USD
CY2018 us-gaap Partners Capital Account Distributions
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4073000 USD
CY2018Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
755000 USD
CY2018 us-gaap Operating Income Loss
OperatingIncomeLoss
9529000 USD
CY2018 us-gaap Payment For Contingent Consideration Liability Financing Activities
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2892000 USD
CY2019 us-gaap Payment For Contingent Consideration Liability Financing Activities
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167000 USD
CY2019Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
11322000 USD
CY2019Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
675000 USD
CY2019Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
1474000 USD
CY2018 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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35092000 USD
CY2019 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
98423000 USD
CY2018 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
0 USD
CY2019 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
200000 USD
CY2019Q4 us-gaap Other Accrued Liabilities Current
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220000 USD
CY2018Q4 us-gaap Other Assets Noncurrent
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3575000 USD
CY2019Q4 us-gaap Other Assets Noncurrent
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5600000 USD
CY2018Q4 us-gaap Other Liabilities Noncurrent
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2610000 USD
CY2019Q4 us-gaap Other Liabilities Noncurrent
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2017000 USD
CY2018 us-gaap Payment For Contingent Consideration Liability Operating Activities
PaymentForContingentConsiderationLiabilityOperatingActivities
0 USD
CY2019 us-gaap Payment For Contingent Consideration Liability Operating Activities
PaymentForContingentConsiderationLiabilityOperatingActivities
8000 USD
CY2018 us-gaap Payments Of Debt Issuance Costs
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356000 USD
CY2019 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
481000 USD
CY2018 us-gaap Proceeds From Collection Of Notes Receivable
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0 USD
CY2018 us-gaap Payments Of Distributions To Affiliates
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9950000 USD
CY2019 us-gaap Payments Of Distributions To Affiliates
PaymentsOfDistributionsToAffiliates
10549000 USD
CY2018 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
525000 USD
CY2019 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1718000 USD
CY2019Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2019Q4 us-gaap Preferred Stock Shares Authorized
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50000000 shares
CY2018 us-gaap Payments To Acquire Assets Investing Activities
PaymentsToAcquireAssetsInvestingActivities
6909000 USD
CY2019 us-gaap Payments To Acquire Assets Investing Activities
PaymentsToAcquireAssetsInvestingActivities
679000 USD
CY2018Q4 us-gaap Premiums Receivable At Carrying Value
PremiumsReceivableAtCarryingValue
29385000 USD
CY2019Q4 us-gaap Premiums Receivable At Carrying Value
PremiumsReceivableAtCarryingValue
58793000 USD
CY2018Q4 us-gaap Prepaid Expense And Other Assets Current
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1097000 USD
CY2019Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
3019000 USD
CY2019 us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
164000 USD
CY2018 us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
0 USD
CY2019 us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
246208000 USD
CY2018 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
24451000 USD
CY2019 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
69592000 USD
CY2018 us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
24470000 USD
CY2019 us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
49845000 USD
CY2018Q1 us-gaap Profit Loss
ProfitLoss
4688000 USD
CY2018Q2 us-gaap Profit Loss
ProfitLoss
-1189000 USD
CY2018Q3 us-gaap Profit Loss
ProfitLoss
53000 USD
CY2018Q4 us-gaap Profit Loss
ProfitLoss
-863000 USD
CY2018 us-gaap Profit Loss
ProfitLoss
2689000 USD
CY2019Q1 us-gaap Profit Loss
ProfitLoss
9732000 USD
CY2019Q2 us-gaap Profit Loss
ProfitLoss
-2949000 USD
CY2019Q3 us-gaap Profit Loss
ProfitLoss
-2306000 USD
CY2019Q4 us-gaap Profit Loss
ProfitLoss
-26931000 USD
CY2019 us-gaap Profit Loss
ProfitLoss
-22454000 USD
CY2018Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
4812000 USD
CY2019Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
6507000 USD
CY2018Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2148000 USD
CY2019Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
3322000 USD
CY2018Q4 us-gaap Receivable From Shareholders Or Affiliates For Issuance Of Capital Stock
ReceivableFromShareholdersOrAffiliatesForIssuanceOfCapitalStock
90000 USD
CY2019Q4 us-gaap Receivable From Shareholders Or Affiliates For Issuance Of Capital Stock
ReceivableFromShareholdersOrAffiliatesForIssuanceOfCapitalStock
688000 USD
CY2018Q4 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
46208000 USD
CY2019Q4 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
23000 USD
CY2018 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
0 USD
CY2019 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
66200000 USD
CY2018 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
526000 USD
CY2019 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
204000 USD
CY2018 us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
0 USD
CY2019 us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
88425000 USD
CY2018Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
0 USD
CY2019Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
3382000 USD
CY2018Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
0 USD
CY2019Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-8650000 USD
CY2018 us-gaap Share Based Compensation
ShareBasedCompensation
1240000 USD
CY2019 us-gaap Share Based Compensation
ShareBasedCompensation
3227000 USD
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Outstanding Weighted Average Remaining Contractual Terms
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageRemainingContractualTerms
P0Y11M22D
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Outstanding Weighted Average Remaining Contractual Terms
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageRemainingContractualTerms
P1Y10M24D
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.032
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.031
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageVolatilityRate
0.260
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageVolatilityRate
0.261
CY2018 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P7Y
CY2019 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P7Y
CY2019Q4 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
17916735 shares
CY2019Q4 us-gaap Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
259838000 USD
CY2019Q2 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
612000 USD
CY2019Q4 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
210036000 USD
CY2019Q4 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
794000 USD
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
-63696000 USD
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
73285000 USD
CY2017Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-39919000 USD
CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-62759000 USD
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
237251000 USD
CY2017Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest Adjusted Balance1
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAdjustedBalance1
-33126000 USD
CY2019Q4 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
17917000 shares
CY2019 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Concentrations</font></div><div style="line-height:120%;padding-top:12px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Financial instruments that potentially subject the Company to concentrations of credit risk consist of cash and cash equivalents. The Company manages this risk using high credit worthy financial institutions. Interest-bearing accounts and noninterest-bearing accounts are insured by the Federal Deposit Insurance Corporation (&#8220;FDIC&#8221;) up to </font><font style="font-family:inherit;font-size:10pt;">$250,000</font><font style="font-family:inherit;font-size:10pt;">. Deposits exceed amounts insured by the FDIC. The Company has not experienced any losses from its deposits. </font></div><div style="line-height:120%;padding-top:12px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">For the </font><font style="font-family:inherit;font-size:10pt;">year ended December 31, 2019</font><font style="font-family:inherit;font-size:10pt;">, two Insurance Company Partners accounted for approximately </font><font style="font-family:inherit;font-size:10pt;">14%</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">10%</font><font style="font-family:inherit;font-size:10pt;"> of the Company&#8217;s total core commissions.</font></div></div>
CY2019 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Changes in Presentation</font></div><div style="line-height:120%;padding-top:12px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Certain prior year amounts have been reclassified to conform to current year presentation.</font></div></div>
CY2019 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Use of Estimates</font></div><div style="line-height:120%;padding-top:12px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States of America (&#8220;GAAP&#8221;) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosures of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from these estimates. Significant estimates underlying the accompanying consolidated financial statements include the application of guidance for revenue recognition, including determination of allowances for estimated policy cancellations, business combinations and purchase price allocation, impairment of long-lived assets including goodwill, and valuation of the Tax Receivable Agreement liability, advisor incentive liabilities and share-based compensation.</font></div></div>

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