2019 Q4 Form 10-Q Financial Statement

#000091584020000012 Filed on January 30, 2020

View on sec.gov

Income Statement

Concept 2019 Q4 2018 Q4
Revenue $417.8M $402.0M
YoY Change 3.92% 7.93%
Cost Of Revenue $354.7M $340.4M
YoY Change 4.21% 9.21%
Gross Profit $63.14M $60.66M
YoY Change 4.09% -0.29%
Gross Profit Margin 15.11% 15.09%
Selling, General & Admin $55.80M $54.40M
YoY Change 2.57% 5.43%
% of Gross Profit 88.38% 89.69%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $3.400M $2.800M
YoY Change 21.43% 12.0%
% of Gross Profit 5.39% 4.62%
Operating Expenses $59.20M $57.10M
YoY Change 3.68% 5.55%
Operating Profit $3.946M $3.506M
YoY Change 12.55% -47.52%
Interest Expense $1.442M $242.0K
YoY Change 495.87% -92.95%
% of Operating Profit 36.54% 6.9%
Other Income/Expense, Net -$1.340M $200.0K
YoY Change -770.0% -33.33%
Pretax Income $2.593M $3.400M
YoY Change -23.74% -115.13%
Income Tax -$200.0K -$3.900M
% Of Pretax Income -7.71% -114.71%
Net Earnings $2.746M $7.311M
YoY Change -62.44% -105.58%
Net Earnings / Revenue 0.66% 1.82%
Basic Earnings Per Share $0.09
Diluted Earnings Per Share $0.09 $0.23
COMMON SHARES
Basic Shares Outstanding 29.75M shares 31.80M shares
Diluted Shares Outstanding 30.14M shares 32.06M shares

Balance Sheet

Concept 2019 Q4 2018 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $41.30M $84.40M
YoY Change -51.07% -52.53%
Cash & Equivalents $60.04M $97.04M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory $1.574B $1.722B
Prepaid Expenses
Receivables $19.40M $19.30M
Other Receivables $4.700M $0.00
Total Short-Term Assets $1.640B $1.826B
YoY Change -10.19% -0.58%
LONG-TERM ASSETS
Property, Plant & Equipment $26.62M $24.41M
YoY Change 9.07% 30.23%
Goodwill $11.38M $10.61M
YoY Change 7.27%
Intangibles
YoY Change
Long-Term Investments $3.930M $3.650M
YoY Change 7.67% -15.12%
Other Assets $266.1M $230.7M
YoY Change 15.34% 8.72%
Total Long-Term Assets $328.4M $277.6M
YoY Change 18.31% -27.82%
TOTAL ASSETS
Total Short-Term Assets $1.640B $1.826B
Total Long-Term Assets $328.4M $277.6M
Total Assets $1.968B $2.103B
YoY Change -6.43% -5.3%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $110.2M $99.90M
YoY Change 10.31% 2.46%
Accrued Expenses $70.80M $61.20M
YoY Change 15.69% 0.16%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $195.7M $175.4M
YoY Change 11.57% 1.1%
LONG-TERM LIABILITIES
Long-Term Debt $1.208B $1.256B
YoY Change -3.8% -5.19%
Other Long-Term Liabilities $25.00M $37.10M
YoY Change -32.61% 36.4%
Total Long-Term Liabilities $1.233B $1.293B
YoY Change -4.63% -4.35%
TOTAL LIABILITIES
Total Short-Term Liabilities $195.7M $175.4M
Total Long-Term Liabilities $1.233B $1.293B
Total Liabilities $1.429B $1.468B
YoY Change -2.69% -3.73%
SHAREHOLDERS EQUITY
Retained Earnings -$312.8M -$228.7M
YoY Change 36.76% -28.88%
Common Stock $852.1M $863.8M
YoY Change -1.36% -1.21%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $539.3M $635.1M
YoY Change
Total Liabilities & Shareholders Equity $1.968B $2.103B
YoY Change -6.43% 1.22%

Cashflow Statement

Concept 2019 Q4 2018 Q4
OPERATING ACTIVITIES
Net Income $2.746M $7.311M
YoY Change -62.44% -105.58%
Depreciation, Depletion And Amortization $3.400M $2.800M
YoY Change 21.43% 12.0%
Cash From Operating Activities -$84.53M -$54.69M
YoY Change 54.56% -46.5%
INVESTING ACTIVITIES
Capital Expenditures $2.632M $6.354M
YoY Change -58.58% 71.64%
Acquisitions
YoY Change
Other Investing Activities $100.0K $100.0K
YoY Change 0.0% -133.33%
Cash From Investing Activities -$2.547M -$6.300M
YoY Change -59.57% 55.98%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00 $16.50M
YoY Change -100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $24.32M $4.778M
YoY Change 408.98% -156.53%
NET CHANGE
Cash From Operating Activities -$84.53M -$54.69M
Cash From Investing Activities -$2.547M -$6.300M
Cash From Financing Activities $24.32M $4.778M
Net Change In Cash -$62.76M -$56.21M
YoY Change 11.65% -51.0%
FREE CASH FLOW
Cash From Operating Activities -$84.53M -$54.69M
Capital Expenditures $2.632M $6.354M
Free Cash Flow -$87.16M -$61.04M
YoY Change 42.79% -42.37%

Facts In Submission

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CY2018Q4 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
243000 shares
CY2019Q4 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
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CY2018Q4 us-gaap Interest Expense
InterestExpense
242000 USD
CY2019Q4 us-gaap Interest Expense
InterestExpense
1442000 USD
CY2018Q4 us-gaap Interest Paid Net
InterestPaidNet
13986000 USD
CY2019Q4 us-gaap Interest Paid Net
InterestPaidNet
15954000 USD
CY2019Q3 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
12767000 USD
CY2019Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
17328000 USD
CY2019Q3 us-gaap Inventory Homes Under Construction
InventoryHomesUnderConstruction
507542000 USD
CY2019Q4 us-gaap Inventory Homes Under Construction
InventoryHomesUnderConstruction
580580000 USD
CY2019Q3 us-gaap Inventory Land Held For Sale
InventoryLandHeldForSale
12662000 USD
CY2019Q4 us-gaap Inventory Land Held For Sale
InventoryLandHeldForSale
11443000 USD
CY2019Q3 us-gaap Inventory Operative Builders
InventoryOperativeBuilders
1504248000 USD
CY2019Q4 us-gaap Inventory Operative Builders
InventoryOperativeBuilders
1574280000 USD
CY2019Q3 us-gaap Inventory Real Estate Land And Land Development Costs
InventoryRealEstateLandAndLandDevelopmentCosts
738201000 USD
CY2019Q4 us-gaap Inventory Real Estate Land And Land Development Costs
InventoryRealEstateLandAndLandDevelopmentCosts
732380000 USD
CY2018Q4 us-gaap Inventory Write Down
InventoryWriteDown
1007000 USD
CY2019Q4 us-gaap Inventory Write Down
InventoryWriteDown
0 USD
CY2019Q3 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
3962000 USD
CY2019Q3 us-gaap Land Available For Development
LandAvailableForDevelopment
28531000 USD
CY2019Q4 us-gaap Land Available For Development
LandAvailableForDevelopment
28531000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
16902000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
1838000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
1435000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
2560000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
3378000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
4217000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
3474000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
1744000 USD
CY2019Q3 us-gaap Liabilities
Liabilities
1418890000 USD
CY2019Q4 us-gaap Liabilities
Liabilities
1428824000 USD
CY2019Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1957644000 USD
CY2019Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1968104000 USD
CY2019Q4 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
220000000 USD
CY2019Q3 us-gaap Litigation Reserve
LitigationReserve
3420000 USD
CY2019Q4 us-gaap Litigation Reserve
LitigationReserve
3462000 USD
CY2018Q4 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
4778000 USD
CY2019Q4 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
24319000 USD
CY2018Q4 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-6300000 USD
CY2019Q4 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-2547000 USD
CY2018Q4 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-54690000 USD
CY2019Q3 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
4700000 USD
CY2019Q4 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-84530000 USD
CY2018Q4 us-gaap Net Income Loss
NetIncomeLoss
7311000 USD
CY2019Q4 us-gaap Net Income Loss
NetIncomeLoss
2746000 USD
CY2019Q4 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
3 segment
CY2019Q4 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
13 state
CY2018Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
3506000 USD
CY2019Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
3946000 USD
CY2019Q4 us-gaap Operating Lease Expense
OperatingLeaseExpense
1200000 USD
CY2019Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
15158000 USD
CY2019Q4 us-gaap Operating Lease Payments
OperatingLeasePayments
1100000 USD
CY2019Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
12975000 USD
CY2019Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0494
CY2019Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y4M24D
CY2019Q3 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
20100000 USD
CY2019Q3 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
1800000 USD
CY2019Q3 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
2900000 USD
CY2019Q3 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
3600000 USD
CY2019Q3 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
4500000 USD
CY2019Q3 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
2600000 USD
CY2019Q3 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
31430000 USD
CY2019Q4 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
25026000 USD
CY2019Q3 us-gaap Other Assets
OtherAssets
9556000 USD
CY2019Q4 us-gaap Other Assets
OtherAssets
7451000 USD
CY2018Q4 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
42000 USD
CY2019Q4 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
1340000 USD
CY2018Q4 us-gaap Other Cost Of Operating Revenue
OtherCostOfOperatingRevenue
340378000 USD
CY2019Q4 us-gaap Other Cost Of Operating Revenue
OtherCostOfOperatingRevenue
354667000 USD
CY2019Q3 us-gaap Other Liabilities
OtherLiabilities
109429000 USD
CY2019Q4 us-gaap Other Liabilities
OtherLiabilities
95451000 USD
CY2018Q4 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
16500000 USD
CY2019Q4 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 USD
CY2018Q4 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
400000 USD
CY2019Q4 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
0 USD
CY2018Q4 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
1850000 USD
CY2019Q4 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
2646000 USD
CY2018Q4 us-gaap Payments To Acquire Interest In Subsidiaries And Affiliates
PaymentsToAcquireInterestInSubsidiariesAndAffiliates
0 USD
CY2019Q4 us-gaap Payments To Acquire Interest In Subsidiaries And Affiliates
PaymentsToAcquireInterestInSubsidiariesAndAffiliates
0 USD
CY2018Q4 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
6354000 USD
CY2019Q4 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2632000 USD
CY2019Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2019Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2019Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000 shares
CY2019Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000 shares
CY2019Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2019Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2019Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
26623000 USD
CY2019Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
16053000 USD
CY2019Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
18759000 USD
CY2019Q3 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2019Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2018Q4 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
0 USD
CY2019Q4 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
19000 USD
CY2018Q4 us-gaap Proceeds From Income Tax Refunds
ProceedsFromIncomeTaxRefunds
1148000 USD
CY2019Q4 us-gaap Proceeds From Income Tax Refunds
ProceedsFromIncomeTaxRefunds
303000 USD
CY2018Q4 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 USD
CY2018Q4 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
100000000 USD
CY2019Q4 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
125000000 USD
CY2018Q4 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
7000 USD
CY2019Q4 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-1885000 USD
CY2018Q4 us-gaap Proceeds From Sale Of Buildings
ProceedsFromSaleOfBuildings
54000 USD
CY2019Q4 us-gaap Proceeds From Sale Of Buildings
ProceedsFromSaleOfBuildings
66000 USD
CY2019Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
27421000 USD
CY2018Q4 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
0 USD
CY2019Q4 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
9000 USD
CY2018Q3 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
144645000 USD
CY2018Q4 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
151886000 USD
CY2019Q3 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
136565000 USD
CY2019Q4 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
137010000 USD
CY2018Q4 us-gaap Real Estate Inventory Capitalized Interest Costs Cost Of Sales1
RealEstateInventoryCapitalizedInterestCostsCostOfSales1
17323000 USD
CY2019Q4 us-gaap Real Estate Inventory Capitalized Interest Costs Cost Of Sales1
RealEstateInventoryCapitalizedInterestCostsCostOfSales1
19669000 USD
CY2018Q4 us-gaap Real Estate Inventory Capitalized Interest Costs Incurred
RealEstateInventoryCapitalizedInterestCostsIncurred
24921000 USD
CY2019Q4 us-gaap Real Estate Inventory Capitalized Interest Costs Incurred
RealEstateInventoryCapitalizedInterestCostsIncurred
21556000 USD
CY2018Q4 us-gaap Repayments Of Debt
RepaymentsOfDebt
1479000 USD
CY2019Q4 us-gaap Repayments Of Debt
RepaymentsOfDebt
1150000 USD
CY2018Q4 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
75000000 USD
CY2019Q4 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
95000000 USD
CY2018Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
12637000 USD
CY2019Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-315552000 USD
CY2019Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-312806000 USD
CY2018Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
402040000 USD
CY2019Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
417804000 USD
CY2018Q4 us-gaap Sales Commissions And Fees
SalesCommissionsAndFees
15737000 USD
CY2019Q4 us-gaap Sales Commissions And Fees
SalesCommissionsAndFees
16065000 USD
CY2018Q4 us-gaap Share Based Compensation
ShareBasedCompensation
2114000 USD
CY2019Q4 us-gaap Share Based Compensation
ShareBasedCompensation
2311000 USD
CY2018Q3 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
15331000 USD
CY2018Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
13432000 USD
CY2019Q3 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
13388000 USD
CY2019Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
12646000 USD
CY2018Q4 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
2330000 USD
CY2019Q4 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
2474000 USD
CY2018Q4 us-gaap Standard Product Warranty Accrual Preexisting Increase Decrease
StandardProductWarrantyAccrualPreexistingIncreaseDecrease
-1874000 USD
CY2019Q4 us-gaap Standard Product Warranty Accrual Preexisting Increase Decrease
StandardProductWarrantyAccrualPreexistingIncreaseDecrease
67000 USD
CY2018Q4 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
2305000 USD
CY2019Q4 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
1665000 USD
CY2019Q4 us-gaap Stock Issued During Period Value Restricted Stock Award Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures
2058000 USD
CY2018Q4 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
7000 USD
CY2019Q4 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
173000 USD
CY2018Q4 us-gaap Stock Redeemed Or Called During Period Value
StockRedeemedOrCalledDuringPeriodValue
1850000 USD
CY2019Q4 us-gaap Stock Redeemed Or Called During Period Value
StockRedeemedOrCalledDuringPeriodValue
2646000 USD
CY2019Q4 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
50000000.0 USD
CY2019Q4 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
15400000 USD
CY2019Q4 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
0 shares
CY2018Q4 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
16500000 USD
CY2019 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
34600000 USD
CY2018Q3 us-gaap Stockholders Equity
StockholdersEquity
644027000 USD
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
635109000 USD
CY2019Q3 us-gaap Stockholders Equity
StockholdersEquity
538754000 USD
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
539280000 USD
CY2019Q3 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
12470000 USD
CY2019Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
12080000 USD
CY2018Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
32055000 shares
CY2019Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
30138000 shares
CY2018Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
31801000 shares
CY2019Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
29746000 shares
CY2019Q4 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:justify;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:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with GAAP requires management to make informed estimates and judgments that affect the amounts reported in the condensed consolidated financial statements and accompanying notes. Accordingly, actual results could differ from these estimates.</font></div></div>

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