2017 Q2 Form 10-Q Financial Statement

#000147604517000078 Filed on August 02, 2017

View on sec.gov

Income Statement

Concept 2017 Q2 2016 Q2
Revenue $79.64M $78.00M
YoY Change 2.11% 7.95%
Cost Of Revenue $39.08M $17.33M
YoY Change 125.5% 13.56%
Gross Profit $40.56M $60.67M
YoY Change -33.14% 6.03%
Gross Profit Margin 50.93% 77.78%
Selling, General & Admin $30.98M $29.52M
YoY Change 4.95% 11.99%
% of Gross Profit 76.38% 48.66%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $11.71M $12.28M
YoY Change -4.62% 1.81%
% of Gross Profit 28.88% 20.24%
Operating Expenses $67.74M $59.43M
YoY Change 13.98% 9.67%
Operating Profit $10.91M $18.57M
YoY Change -41.26% 2.8%
Interest Expense $6.773M $7.092M
YoY Change -4.5% 3.5%
% of Operating Profit 62.09% 38.19%
Other Income/Expense, Net
YoY Change
Pretax Income $5.069M $12.43M
YoY Change -59.22% -3.43%
Income Tax $0.00 $179.0K
% Of Pretax Income 0.0% 1.44%
Net Earnings $5.034M $12.17M
YoY Change -58.63% -4.66%
Net Earnings / Revenue 6.32% 15.6%
Basic Earnings Per Share $0.13 $0.32
Diluted Earnings Per Share $0.13 $0.31
COMMON SHARES
Basic Shares Outstanding 38.53M shares 38.30M shares
Diluted Shares Outstanding 38.75M shares 38.73M shares

Balance Sheet

Concept 2017 Q2 2016 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $12.80M $15.30M
YoY Change -16.34% -15.47%
Cash & Equivalents $12.79M $15.31M
Short-Term Investments
Other Short-Term Assets $5.100M $5.400M
YoY Change -5.56% 45.95%
Inventory
Prepaid Expenses
Receivables $7.300M $6.300M
Other Receivables $0.00 $0.00
Total Short-Term Assets $25.20M $27.00M
YoY Change -6.67% 0.75%
LONG-TERM ASSETS
Property, Plant & Equipment $1.216B $1.247B
YoY Change -2.53% 6.35%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $50.40M $44.40M
YoY Change 13.51% 0.68%
Other Assets $4.300M $5.100M
YoY Change -15.69% -32.0%
Total Long-Term Assets $1.270B $1.297B
YoY Change -2.04% 5.9%
TOTAL ASSETS
Total Short-Term Assets $25.20M $27.00M
Total Long-Term Assets $1.270B $1.297B
Total Assets $1.295B $1.324B
YoY Change -2.14% 5.79%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $27.80M $26.40M
YoY Change 5.3% 18.39%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $32.80M $31.10M
YoY Change 5.47% 18.25%
LONG-TERM LIABILITIES
Long-Term Debt $573.1M $598.4M
YoY Change -4.23% 14.77%
Other Long-Term Liabilities $5.800M $4.700M
YoY Change 23.4% 1466.67%
Total Long-Term Liabilities $578.9M $603.1M
YoY Change -4.01% 15.6%
TOTAL LIABILITIES
Total Short-Term Liabilities $32.80M $31.10M
Total Long-Term Liabilities $578.9M $603.1M
Total Liabilities $611.7M $634.1M
YoY Change -3.54% 15.72%
SHAREHOLDERS EQUITY
Retained Earnings -$61.47M -$36.40M
YoY Change 68.89% 82.27%
Common Stock $739.9M $721.6M
YoY Change 2.54% 0.32%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $678.4M $685.2M
YoY Change
Total Liabilities & Shareholders Equity $1.295B $1.324B
YoY Change -2.14% 5.79%

Cashflow Statement

Concept 2017 Q2 2016 Q2
OPERATING ACTIVITIES
Net Income $5.034M $12.17M
YoY Change -58.63% -4.66%
Depreciation, Depletion And Amortization $11.71M $12.28M
YoY Change -4.62% 1.81%
Cash From Operating Activities $21.99M $25.54M
YoY Change -13.9% 3.44%
INVESTING ACTIVITIES
Capital Expenditures -$7.820M -$7.180M
YoY Change 8.91% 53.42%
Acquisitions
YoY Change
Other Investing Activities -$4.320M $2.390M
YoY Change -280.75% -295.9%
Cash From Investing Activities -$12.13M -$4.790M
YoY Change 153.24% -18.81%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -8.920M -17.93M
YoY Change -50.25% 2.46%
NET CHANGE
Cash From Operating Activities 21.99M 25.54M
Cash From Investing Activities -12.13M -4.790M
Cash From Financing Activities -8.920M -17.93M
Net Change In Cash 940.0K 2.820M
YoY Change -66.67% 118.6%
FREE CASH FLOW
Cash From Operating Activities $21.99M $25.54M
Capital Expenditures -$7.820M -$7.180M
Free Cash Flow $29.81M $32.72M
YoY Change -8.89% 11.41%

Facts In Submission

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1
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354000 USD
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9520000 USD
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0 USD
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710000 USD
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1310000 USD
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2637000 USD
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4990000 USD
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2967000 USD
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5413000 USD
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5954000 USD
us-gaap Payments For Mortgage Deposits
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27503000 USD
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50000 USD
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0 USD
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1000 USD
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5037000 USD
us-gaap Payments To Acquire Other Property Plant And Equipment
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11774000 USD
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CY2016Q4 us-gaap Preferred Stock Shares Authorized
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shares
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shares
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2778000 USD
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192000 USD
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24450000 USD
us-gaap Proceeds From Secured Lines Of Credit
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24000000 USD
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12250000 USD
us-gaap Profit Loss
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15572000 USD
CY2017Q2 us-gaap Profit Loss
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5069000 USD
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9713000 USD
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147902000 USD
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171486000 USD
CY2016Q4 us-gaap Real Estate Investment Property At Cost
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1380996000 USD
CY2017Q2 us-gaap Real Estate Investment Property At Cost
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1387163000 USD
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1233094000 USD
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1215677000 USD
CY2016Q4 us-gaap Real Estate Investments Unconsolidated Real Estate And Other Joint Ventures
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20424000 USD
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25345000 USD
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5014000 USD
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10037000 USD
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5573000 USD
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10361000 USD
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2300000 USD
us-gaap Related Party Transaction Amounts Of Transaction
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3900000 USD
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2600000 USD
us-gaap Related Party Transaction Amounts Of Transaction
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4400000 USD
us-gaap Repayments Of Lines Of Credit
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23750000 USD
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31500000 USD
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1784000 USD
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2070000 USD
CY2016Q4 us-gaap Restricted Cash And Cash Equivalents
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CY2016Q2 us-gaap Revenue From Leased And Owned Hotels
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146850000 USD
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77909000 USD
us-gaap Revenue From Leased And Owned Hotels
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147131000 USD
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us-gaap Share Based Compensation
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us-gaap Share Based Compensation
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1786000 USD
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Per Share Weighted Average Price Of Shares Purchased
ShareBasedCompensationArrangementByShareBasedPaymentAwardPerShareWeightedAveragePriceOfSharesPurchased
13.17
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Per Share Weighted Average Price Of Shares Purchased
ShareBasedCompensationArrangementByShareBasedPaymentAwardPerShareWeightedAveragePriceOfSharesPurchased
21.21
CY2016Q1 us-gaap Stock Issued During Period Shares Employee Benefit Plan
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550000 USD
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500000 USD
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192000 USD
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CY2016Q4 us-gaap Stockholders Equity
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CY2017Q2 us-gaap Stockholders Equity
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697002000 USD
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689620000 USD
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683769000 USD
CY2016Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
0 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
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0 USD
CY2017Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
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0 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
0 USD
CY2016Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
38446918 shares
CY2017Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
38749661 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
38659189 shares
CY2016Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
38299132 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
38286790 shares
CY2017Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
38525306 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
38443663 shares
us-gaap Write Off Of Deferred Debt Issuance Cost
WriteOffOfDeferredDebtIssuanceCost
4000 USD
us-gaap Write Off Of Deferred Debt Issuance Cost
WriteOffOfDeferredDebtIssuanceCost
0 USD
us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-indent:96px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Use of Estimates</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates.</font></div></div>

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