2018 Form 10-K Financial Statement

#000151717519000003 Filed on March 01, 2019

View on sec.gov

Income Statement

Concept 2018 2017 Q4 2017 Q3
Revenue $1.445B $357.1M $325.1M
YoY Change 10.99% 4.14% 9.12%
Cost Of Revenue $1.096B $265.1M $244.2M
YoY Change 12.71% 4.45% 9.24%
Gross Profit $348.9M $91.97M $80.91M
YoY Change 5.93% 3.22% 8.75%
Gross Profit Margin 24.15% 25.76% 24.89%
Selling, General & Admin $298.1M
YoY Change
% of Gross Profit 85.44%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $10.30M $5.520M $1.678M
YoY Change 20.9% 14.05% 6.4%
% of Gross Profit 2.95% 6.0% 2.07%
Operating Expenses $0.00 $76.60M $70.41M
YoY Change -100.0% 14.84% 6.51%
Operating Profit $48.59M $15.35M $10.49M
YoY Change 18.14% -31.48% 26.65%
Interest Expense $20.75M -$5.300M $5.593M
YoY Change -8.65% -17.19% -5.95%
% of Operating Profit 42.69% -34.53% 53.3%
Other Income/Expense, Net
YoY Change
Pretax Income $27.84M $10.05M $4.891M
YoY Change 51.26% -37.99% 112.74%
Income Tax $7.442M $4.100M $2.040M
% Of Pretax Income 26.73% 40.81% 41.71%
Net Earnings $20.40M $9.483M $2.851M
YoY Change 42.02% 4.21% 112.29%
Net Earnings / Revenue 1.41% 2.66% 0.88%
Basic Earnings Per Share $0.71 $0.36 $0.11
Diluted Earnings Per Share $0.70 $0.35 $0.11
COMMON SHARES
Basic Shares Outstanding 28.70M shares 26.56M shares 26.09M shares
Diluted Shares Outstanding 29.68M shares 27.39M shares

Balance Sheet

Concept 2018 2017 Q4 2017 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $42.40M $41.50M $4.100M
YoY Change 2.17% 26.14% -84.35%
Cash & Equivalents $42.40M $41.50M $4.071M
Short-Term Investments
Other Short-Term Assets $12.00M $11.10M $11.60M
YoY Change 8.11% -31.06% -59.44%
Inventory $112.6M $102.1M $109.9M
Prepaid Expenses
Receivables $161.8M $142.2M $135.4M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $328.7M $296.8M $260.9M
YoY Change 10.75% 12.23% -1.66%
LONG-TERM ASSETS
Property, Plant & Equipment $85.30M $68.38M $69.04M
YoY Change 14.65% 9.96% 5.25%
Goodwill $173.2M $172.9M
YoY Change 5.75%
Intangibles $140.3M $143.5M
YoY Change 7.01%
Long-Term Investments
YoY Change
Other Assets $4.100M $2.975M $3.024M
YoY Change 36.67% -50.6% -18.27%
Total Long-Term Assets $403.7M $390.9M $393.7M
YoY Change 3.27% 5.92% 7.26%
TOTAL ASSETS
Total Short-Term Assets $328.7M $296.8M $260.9M
Total Long-Term Assets $403.7M $390.9M $393.7M
Total Assets $732.4M $687.7M $654.6M
YoY Change 6.5% 8.56% 3.52%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $87.80M $70.02M $83.07M
YoY Change 25.43% 6.88% 40.32%
Accrued Expenses $37.70M $21.87M $16.87M
YoY Change 9.59% 24.65% -43.76%
Deferred Revenue $1.283M
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $100.0K $3.827M $4.224M
YoY Change -97.37% -74.13% -68.94%
Total Short-Term Liabilities $125.5M $108.3M $115.3M
YoY Change 15.88% 0.84% 12.18%
LONG-TERM LIABILITIES
Long-Term Debt $278.2M $314.0M $315.1M
YoY Change -11.4% -1.17% -1.22%
Other Long-Term Liabilities $10.40M $10.87M $10.53M
YoY Change -4.59% 40.72% -35.41%
Total Long-Term Liabilities $288.6M $324.9M $325.6M
YoY Change -11.17% -0.18% -2.88%
TOTAL LIABILITIES
Total Short-Term Liabilities $125.5M $108.3M $115.3M
Total Long-Term Liabilities $288.6M $324.9M $325.6M
Total Liabilities $423.7M $439.1M $450.1M
YoY Change -3.51% -0.14% 0.46%
SHAREHOLDERS EQUITY
Retained Earnings $82.87M $73.39M
YoY Change 20.97%
Common Stock $167.3M $132.7M
YoY Change 31.26%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $308.7M $248.6M $204.5M
YoY Change
Total Liabilities & Shareholders Equity $732.4M $687.7M $654.6M
YoY Change 6.5% 8.56% 3.52%

Cashflow Statement

Concept 2018 2017 Q4 2017 Q3
OPERATING ACTIVITIES
Net Income $20.40M $9.483M $2.851M
YoY Change 42.02% 4.21% 112.29%
Depreciation, Depletion And Amortization $10.30M $5.520M $1.678M
YoY Change 20.9% 14.05% 6.4%
Cash From Operating Activities $45.08M $8.300M $1.520M
YoY Change 43.13% -53.11% -91.51%
INVESTING ACTIVITIES
Capital Expenditures -$19.82M -$2.450M -$3.490M
YoY Change 61.01% -51.87% -0.29%
Acquisitions $13.90M
YoY Change -53.81%
Other Investing Activities -$13.87M -$380.0K -$29.72M
YoY Change -53.92% -169.09% 50.56%
Cash From Investing Activities -$33.69M -$2.830M -$33.21M
YoY Change -20.56% -37.8% 42.9%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00 $34.02M
YoY Change -100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$10.44M 32.03M -1.340M
YoY Change -153.74% -599.69% -91.93%
NET CHANGE
Cash From Operating Activities $45.08M 8.300M 1.520M
Cash From Investing Activities -$33.69M -2.830M -33.21M
Cash From Financing Activities -$10.44M 32.03M -1.340M
Net Change In Cash $906.0K 37.50M -33.03M
YoY Change -89.52% 456.38% 50.55%
FREE CASH FLOW
Cash From Operating Activities $45.08M $8.300M $1.520M
Capital Expenditures -$19.82M -$2.450M -$3.490M
Free Cash Flow $64.90M $10.75M $5.010M
YoY Change 48.15% -52.83% -76.6%

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CY2018 us-gaap Defined Contribution Plan Maximum Annual Contributions Per Employee Percent
DefinedContributionPlanMaximumAnnualContributionsPerEmployeePercent
0.06
CY2016 us-gaap Depreciation
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5679000 USD
CY2017 us-gaap Depreciation
Depreciation
6644000 USD
CY2018 us-gaap Depreciation
Depreciation
7090000 USD
CY2016 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
7082000 USD
CY2017 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
8516000 USD
CY2018 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
10296000 USD
CY2016 us-gaap Early Repayment Of Senior Debt
EarlyRepaymentOfSeniorDebt
21219000 USD
CY2017 us-gaap Early Repayment Of Senior Debt
EarlyRepaymentOfSeniorDebt
0 USD
CY2018 us-gaap Early Repayment Of Senior Debt
EarlyRepaymentOfSeniorDebt
0 USD
CY2016 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.12
CY2017Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.06
CY2017Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.14
CY2017Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.11
CY2017Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.36
CY2017 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.55
CY2018Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.02
CY2018Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.24
CY2018Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.14
CY2018Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.30
CY2018 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.71
CY2016 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.12
CY2017Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.06
CY2017Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.14
CY2017Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.11
CY2017Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.35
CY2017 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.54
CY2018Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.02
CY2018Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.24
CY2018Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.14
CY2018Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.30
CY2018 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.70
CY2016 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
74000 USD
CY2017 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
122000 USD
CY2018 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-46000 USD
CY2017 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.414
CY2017Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
12556000 USD
CY2018Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
12872000 USD
CY2018Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
114000 USD
CY2016 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
1469000 USD
CY2017 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
1283000 USD
CY2018 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
864000 USD
CY2017Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
5228000 USD
CY2018Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
2792000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
44986000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
56896000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
76607000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
11423000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
9341000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
10366000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
11146000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
11150000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
185306000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
186929000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
130033000 USD
CY2016 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
69000 USD
CY2017 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
-10000 USD
CY2018 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
-169000 USD
CY2016Q3 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
113000 USD
CY2016 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-22310000 USD
CY2017 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
CY2018 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
CY2016Q4 us-gaap Goodwill
Goodwill
163784000 USD
CY2017Q4 us-gaap Goodwill
Goodwill
173202000 USD
CY2018Q4 us-gaap Goodwill
Goodwill
184280000 USD
CY2017 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
5946000 USD
CY2018 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
7839000 USD
CY2017 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
54000 USD
CY2018 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-44000 USD
CY2017 us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
3418000 USD
CY2018 us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
3283000 USD
CY2016 us-gaap Gross Profit
GrossProfit
301217000 USD
CY2017Q1 us-gaap Gross Profit
GrossProfit
73904000 USD
CY2017Q2 us-gaap Gross Profit
GrossProfit
82596000 USD
CY2017Q3 us-gaap Gross Profit
GrossProfit
80905000 USD
CY2017Q4 us-gaap Gross Profit
GrossProfit
91973000 USD
CY2017 us-gaap Gross Profit
GrossProfit
329378000 USD
CY2018Q1 us-gaap Gross Profit
GrossProfit
79522000 USD
CY2018Q2 us-gaap Gross Profit
GrossProfit
93240000 USD
CY2018Q3 us-gaap Gross Profit
GrossProfit
91993000 USD
CY2018Q4 us-gaap Gross Profit
GrossProfit
102292000 USD
CY2018 us-gaap Gross Profit
GrossProfit
367047000 USD
CY2016 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0 USD
CY2017 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0 USD
CY2018 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0 USD
CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
-1181000 USD
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
1520000 USD
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
3223000 USD
CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
5676000 USD
CY2017Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-2812000 USD
CY2017Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
6283000 USD
CY2017Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
4891000 USD
CY2017Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
10046000 USD
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
18408000 USD
CY2018Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
761000 USD
CY2018Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
9537000 USD
CY2018Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
5592000 USD
CY2018Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
11954000 USD
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
27844000 USD
CY2016 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2653000 USD
CY2017 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
4042000 USD
CY2018 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
7442000 USD
CY2016 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
-168000 USD
CY2017 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
-82000 USD
CY2018 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
-224000 USD
CY2016 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
1987000 USD
CY2017 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
6443000 USD
CY2018 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
5847000 USD
CY2016 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
364000 USD
CY2017 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
142000 USD
CY2018 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
-87000 USD
CY2016 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
470000 USD
CY2017 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
1112000 USD
CY2018 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
1906000 USD
CY2016 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
6368000 USD
CY2017 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
333000 USD
CY2018 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
4825000 USD
CY2016 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-941000 USD
CY2017 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
10406000 USD
CY2018 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
13677000 USD
CY2016 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
2503000 USD
CY2017 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
13611000 USD
CY2018 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
19466000 USD
CY2016 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-7038000 USD
CY2017 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
11783000 USD
CY2018 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
6330000 USD
CY2016 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
1115000 USD
CY2017 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
238000 USD
CY2018 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
596000 USD
CY2016 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-2314000 USD
CY2017 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-1130000 USD
CY2018 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-911000 USD
CY2016 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
7168000 USD
CY2017 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-4762000 USD
CY2018 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-120000 USD
CY2016 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
0 shares
CY2017 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
1237374 shares
CY2018 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
705134 shares
CY2017Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
140320000 USD
CY2018Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
130033000 USD
CY2016 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
0 USD
CY2017 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
0 USD
CY2018 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
0 USD
CY2016 us-gaap Interest Expense
InterestExpense
41632000 USD
CY2017 us-gaap Interest Expense
InterestExpense
22709000 USD
CY2018 us-gaap Interest Expense
InterestExpense
20745000 USD
CY2016 us-gaap Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
0 USD
CY2017 us-gaap Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
536000 USD
CY2018 us-gaap Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
362000 USD
CY2016 us-gaap Interest Paid Net
InterestPaidNet
17790000 USD
CY2017 us-gaap Interest Paid Net
InterestPaidNet
20796000 USD
CY2018 us-gaap Interest Paid Net
InterestPaidNet
16955000 USD
CY2017Q4 us-gaap Inventory Net
InventoryNet
102083000 USD
CY2018Q4 us-gaap Inventory Net
InventoryNet
112614000 USD
CY2017Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
1934000 USD
CY2018Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
1921000 USD
CY2017Q4 us-gaap Liabilities
Liabilities
439148000 USD
CY2018Q4 us-gaap Liabilities
Liabilities
423722000 USD
CY2017Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
687749000 USD
CY2018Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
732398000 USD
CY2016 us-gaap Liabilities Assumed1
LiabilitiesAssumed1
500000 USD
CY2017 us-gaap Liabilities Assumed1
LiabilitiesAssumed1
4445000 USD
CY2018 us-gaap Liabilities Assumed1
LiabilitiesAssumed1
1414000 USD
CY2017Q4 us-gaap Liabilities Current
LiabilitiesCurrent
108273000 USD
CY2018Q4 us-gaap Liabilities Current
LiabilitiesCurrent
125542000 USD
CY2017Q4 us-gaap Long Term Debt
LongTermDebt
317822000 USD
CY2018Q4 us-gaap Long Term Debt
LongTermDebt
278230000 USD
CY2018Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
284123000 USD
CY2018Q4 us-gaap Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal After Year Five
LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalAfterYearFive
0 USD
CY2018Q4 us-gaap Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal In Year Five
LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalInYearFive
4000 USD
CY2018Q4 us-gaap Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal In Year Four
LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalInYearFour
283967000 USD
CY2018Q4 us-gaap Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal In Year Three
LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalInYearThree
42000 USD
CY2018Q4 us-gaap Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal In Year Two
LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalInYearTwo
49000 USD
CY2018Q4 us-gaap Long Term Debt And Capital Lease Obligations Repayments Of Principal In Next Twelve Months
LongTermDebtAndCapitalLeaseObligationsRepaymentsOfPrincipalInNextTwelveMonths
61000 USD
CY2017Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
3827000 USD
CY2018Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
61000 USD
CY2017Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
313995000 USD
CY2018Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
278169000 USD
CY2016 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
27235000 USD
CY2017 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
19429000 USD
CY2018 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-10442000 USD
CY2016 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-35815000 USD
CY2017 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-42406000 USD
CY2018 us-gaap Net Cash Provided By Used In Investing Activities
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-33688000 USD
CY2016 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
38914000 USD
CY2017 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
31497000 USD
CY2018 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
45082000 USD
CY2016 us-gaap Net Income Loss
NetIncomeLoss
3023000 USD
CY2017Q1 us-gaap Net Income Loss
NetIncomeLoss
-1642000 USD
CY2017Q2 us-gaap Net Income Loss
NetIncomeLoss
3674000 USD
CY2017Q3 us-gaap Net Income Loss
NetIncomeLoss
2851000 USD
CY2017Q4 us-gaap Net Income Loss
NetIncomeLoss
9483000 USD
CY2017 us-gaap Net Income Loss
NetIncomeLoss
14366000 USD
CY2018Q1 us-gaap Net Income Loss
NetIncomeLoss
544000 USD
CY2018Q2 us-gaap Net Income Loss
NetIncomeLoss
6819000 USD
CY2018Q3 us-gaap Net Income Loss
NetIncomeLoss
4157000 USD
CY2018Q4 us-gaap Net Income Loss
NetIncomeLoss
8882000 USD
CY2018 us-gaap Net Income Loss
NetIncomeLoss
20402000 USD
CY2016 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
3023000 USD
CY2017 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
14902000 USD
CY2018 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
20764000 USD
CY2018 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
us-gaap Number Of Reporting Units
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2 reporting_unit
CY2018Q4 us-gaap Number Of Reporting Units
NumberOfReportingUnits
3 reporting_unit
CY2016 us-gaap Operating Expenses
OperatingExpenses
253978000 USD
CY2017 us-gaap Operating Expenses
OperatingExpenses
288251000 USD
CY2018 us-gaap Operating Expenses
OperatingExpenses
318289000 USD
CY2016 us-gaap Operating Income Loss
OperatingIncomeLoss
47239000 USD
CY2017Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
3121000 USD
CY2017Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
12163000 USD
CY2017Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
10494000 USD
CY2017Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
15349000 USD
CY2017 us-gaap Operating Income Loss
OperatingIncomeLoss
41127000 USD
CY2018Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
5740000 USD
CY2018Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
14948000 USD
CY2018Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
10268000 USD
CY2018Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
17802000 USD
CY2018 us-gaap Operating Income Loss
OperatingIncomeLoss
48758000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
147675000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
24666000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
14876000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
17838000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
19918000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
23047000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
47330000 USD
CY2016 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
24202000 USD
CY2017 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
26678000 USD
CY2018 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
29202000 USD
CY2016 us-gaap Other Amortization Of Deferred Charges
OtherAmortizationOfDeferredCharges
1807000 USD
CY2017 us-gaap Other Amortization Of Deferred Charges
OtherAmortizationOfDeferredCharges
2084000 USD
CY2018 us-gaap Other Amortization Of Deferred Charges
OtherAmortizationOfDeferredCharges
3155000 USD
CY2017Q4 us-gaap Other Assets Noncurrent
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2975000 USD
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24000000 USD
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394056000 USD
CY2018 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2017Q4 us-gaap Self Insurance Reserve
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858000 USD
CY2018Q4 us-gaap Self Insurance Reserve
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CY2016 us-gaap Share Based Compensation
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CY2017 us-gaap Share Based Compensation
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CY2018 us-gaap Share Based Compensation
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0 shares
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
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0.00
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
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CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
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CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
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CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
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20.23
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
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20.23
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
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CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
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CY2017 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
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CY2018 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
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CY2016Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
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CY2017 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
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CY2018 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
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CY2018Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
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CY2017 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P8Y2M
CY2018 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
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CY2017Q4 us-gaap Stock Issued During Period Shares New Issues
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CY2017 us-gaap Stock Issued During Period Shares Stock Options Exercised
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0 shares
CY2018 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
0 shares
CY2017 us-gaap Stock Issued During Period Value Acquisitions
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3300000 USD
CY2018 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
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37015000 USD
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34020000 USD
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CY2016 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2018 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Concentrations of Credit Risks</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Financial instruments that subject the Company to concentrations of credit risk consist of cash, temporary cash investments and trade receivables. The Company&#8217;s policy is to deposit its cash and temporary cash investments with major financial institutions. The Company distributes its food and related products to a customer base that consists primarily of leading menu-driven independent restaurants, fine dining establishments, country clubs, hotels, caterers, culinary schools, bakeries, patisseries, chocolatiers, cruise lines, casinos and specialty food stores. To reduce credit risk, the Company performs ongoing credit evaluations of its customers&#8217; financial conditions. The Company generally does not require collateral. However, the Company, in certain instances, has obtained personal guarantees from certain customers. There is no significant balance with any individual customer.</font></div></div>
CY2018 us-gaap Use Of Estimates
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;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%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of the Company&#8217;s consolidated financial statements in conformity with generally accepted accounting principles requires it to make estimates and assumptions that affect reported amounts of assets, liabilities, revenues, expenses and disclosure of contingent assets and liabilities. Estimates are used in determining, among other items, the allowance for doubtful accounts, reserves for inventories, self-insurance reserves for group medical insurance, workers&#8217; compensation insurance and automobile liability insurance, future cash flows associated with impairment testing for intangible assets (including goodwill) and long-lived assets, useful lives for intangible assets, stock-based compensation, contingent earn-out liabilities and tax reserves. Actual results could differ from estimates.</font></div></div>

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