$CNXN
PC CONNECTION INC

2020 Q3 Form 10-Q Financial Statement

#000155837020013402 Filed on November 09, 2020

View on sec.gov

Income Statement

Concept 2020 Q3 2019 Q3 2019 Q2
Revenue $652.8M $729.4M $741.1M
YoY Change -10.51% 10.77% 4.88%
Cost Of Revenue $544.9M $610.5M $624.1M
YoY Change -10.75% 9.4% 4.17%
Gross Profit $107.8M $118.9M $117.0M
YoY Change -9.28% 18.39% 8.83%
Gross Profit Margin 16.52% 16.3% 15.79%
Selling, General & Admin $86.75M $86.23M $84.66M
YoY Change 0.61% 10.69% 7.03%
% of Gross Profit 80.45% 72.54% 72.37%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $3.800M $3.100M $3.400M
YoY Change 22.58% -16.22% 0.0%
% of Gross Profit 3.52% 2.61% 2.91%
Operating Expenses $86.75M $86.23M $84.66M
YoY Change 0.61% 5.8% 2.62%
Operating Profit $21.08M $32.64M $32.32M
YoY Change -35.42% 72.68% 29.29%
Interest Expense -$17.00K $62.00K $184.0K
YoY Change -127.42% -38.0% -8.0%
% of Operating Profit -0.08% 0.19% 0.57%
Other Income/Expense, Net -$17.00K $62.00K $184.0K
YoY Change -127.42%
Pretax Income $21.06M $32.70M $32.51M
YoY Change -35.59% 71.2% 29.51%
Income Tax $4.130M $8.949M $8.839M
% Of Pretax Income 19.61% 27.37% 27.19%
Net Earnings $16.93M $23.75M $23.67M
YoY Change -28.72% 72.1% 30.04%
Net Earnings / Revenue 2.59% 3.26% 3.19%
Basic Earnings Per Share $0.65 $0.90 $0.90
Diluted Earnings Per Share $0.64 $0.90 $0.89
COMMON SHARES
Basic Shares Outstanding 26.13M 26.32M 26.34M
Diluted Shares Outstanding 26.31M 26.48M 26.49M

Balance Sheet

Concept 2020 Q3 2019 Q3 2019 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $108.1M $98.50M $69.70M
YoY Change 9.75% -3.62% 1.46%
Cash & Equivalents $108.1M $98.49M $69.74M
Short-Term Investments
Other Short-Term Assets $12.00M $6.900M $7.100M
YoY Change 73.91% 13.11% 12.7%
Inventory $134.7M $126.1M $175.9M
Prepaid Expenses
Receivables $589.0M
Other Receivables
Total Short-Term Assets $843.7M $710.4M $753.7M
YoY Change 18.77% 15.12% 16.44%
LONG-TERM ASSETS
Property, Plant & Equipment $63.19M $77.20M $74.60M
YoY Change -18.15% 60.17% 62.17%
Goodwill $73.60M
YoY Change
Intangibles $7.393M
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.666M $900.0K $1.000M
YoY Change 85.11% -35.71% -44.44%
Total Long-Term Assets $159.6M $160.2M $158.1M
YoY Change -0.39% 20.4% 18.25%
TOTAL ASSETS
Total Short-Term Assets $843.7M $710.4M $753.7M
Total Long-Term Assets $159.6M $160.2M $158.1M
Total Assets $1.003B $870.6M $911.8M
YoY Change 15.24% 16.06% 16.75%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $283.2M $197.7M $260.2M
YoY Change 43.23% 19.67% 29.52%
Accrued Expenses $53.70M $59.70M $61.10M
YoY Change -10.05% 36.3% 16.6%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $338.4M $257.5M $321.2M
YoY Change 31.4% 23.21% 26.81%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $5.948M $12.80M $13.20M
YoY Change -53.53% 611.11% 594.74%
Total Long-Term Liabilities $5.948M $12.80M $13.20M
YoY Change -53.53% 611.11% 594.74%
TOTAL LIABILITIES
Total Short-Term Liabilities $338.4M $257.5M $321.2M
Total Long-Term Liabilities $5.948M $12.80M $13.20M
Total Liabilities $375.1M $287.5M $351.6M
YoY Change 30.45% 26.65% 29.6%
SHAREHOLDERS EQUITY
Retained Earnings $554.2M
YoY Change
Common Stock $120.1M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $628.3M $583.1M $560.2M
YoY Change
Total Liabilities & Shareholders Equity $1.003B $870.6M $911.8M
YoY Change 15.25% 16.05% 16.75%

Cashflow Statement

Concept 2020 Q3 2019 Q3 2019 Q2
OPERATING ACTIVITIES
Net Income $16.93M $23.75M $23.67M
YoY Change -28.72% 72.1% 30.04%
Depreciation, Depletion And Amortization $3.800M $3.100M $3.400M
YoY Change 22.58% -16.22% 0.0%
Cash From Operating Activities -$56.00M $36.70M -$14.80M
YoY Change -252.59% -7.79% -444.19%
INVESTING ACTIVITIES
Capital Expenditures -$1.400M -$6.700M -$7.300M
YoY Change -79.1% 17.54% 48.98%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$1.400M -$6.700M -$7.300M
YoY Change -79.1% 17.54% 48.98%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -500.0K -1.200M -1.600M
YoY Change -58.33% 140.0% 0.0%
NET CHANGE
Cash From Operating Activities -56.00M 36.70M -14.80M
Cash From Investing Activities -1.400M -6.700M -7.300M
Cash From Financing Activities -500.0K -1.200M -1.600M
Net Change In Cash -57.90M 28.80M -23.70M
YoY Change -301.04% -14.29% 977.27%
FREE CASH FLOW
Cash From Operating Activities -$56.00M $36.70M -$14.80M
Capital Expenditures -$1.400M -$6.700M -$7.300M
Free Cash Flow -$54.60M $43.40M -$7.500M
YoY Change -225.81% -4.62% -181.52%

Facts In Submission

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PC CONNECTION, INC.
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DE
dei Entity Tax Identification Number
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730 Milford Road
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dei Security12b Title
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-12615000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
17991000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
6786000
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
90060000
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
91703000
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
108051000
CY2019Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
98489000
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
248000
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
1684000
us-gaap Income Taxes Paid
IncomeTaxesPaid
13798000
us-gaap Income Taxes Paid
IncomeTaxesPaid
18972000
CY2020Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
652752000
cnxn Restructuring And Other Charges
RestructuringAndOtherCharges
992000
cnxn Restructuring And Other Charges
RestructuringAndOtherCharges
703000
us-gaap Use Of Estimates
UseOfEstimates
<p style="font-family:'Arial Unicode MS';font-size:9pt;text-indent:18pt;margin:0pt;"><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:italic;font-weight:bold;">Use of Estimates in the Preparation of Financial Statements</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;">The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions. These estimates and assumptions affect the amounts reported in the accompanying condensed consolidated financial statements.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;">The Company’s operations and financial performance in certain areas of its business were negatively impacted by the coronavirus pandemic (“COVID-19”) in the nine months ended September 30, 2020. The extent to which the COVID-19 pandemic impacts the Company’s financial results and operations for the remainder of 2020 and beyond will depend on future developments that are highly uncertain and cannot be predicted at this time. The Company updated its estimates and judgements in response to the economic uncertainty associated with COVID-19, which were reflected in the amounts reported in the accompanying condensed consolidated financial statements. The Company has experienced, and may continue to experience, delays in collecting amounts owed to it, and in some cases, may experience inabilities to collect altogether. As a result, the Company increased its customer allowance for doubtful accounts by $3,276 in the nine months ended September 30, 2020, compared to an increase of $181 for the same period in the prior year. The Company has also evaluated the potential impact of the pandemic on the carrying values of its goodwill and intangible assets, and based on the assessment, did not identify any indications to suggest that an impairment may exist. These estimates may change as new events occur and actual results could differ materially from these estimates.</p>
us-gaap Allowance For Doubtful Accounts Receivable Period Increase Decrease
AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease
3276000
us-gaap Allowance For Doubtful Accounts Receivable Period Increase Decrease
AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease
181000
CY2019 cnxn Number Of Office Facilities Closed
NumberOfOfficeFacilitiesClosed
1
CY2020Q3 cnxn Accrued Employee Termination Benefits
AccruedEmployeeTerminationBenefits
133000
CY2019Q3 cnxn Accrued Employee Termination Benefits
AccruedEmployeeTerminationBenefits
216000
CY2019Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0
CY2019Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
729410000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1914603000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2103407000
CY2019Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
5942000
cnxn Contract With Customer Liability Advance Payments Received
ContractWithCustomerLiabilityAdvancePaymentsReceived
7978000
cnxn Totalrevenuerecognizedfromboththebeginningbalanceandcurrentperiodincreaseincontractliability
Totalrevenuerecognizedfromboththebeginningbalanceandcurrentperiodincreaseincontractliability
12380000
CY2020Q3 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
1540000
CY2018Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
2679000
cnxn Contract With Customer Liability Advance Payments Received
ContractWithCustomerLiabilityAdvancePaymentsReceived
8868000
cnxn Totalrevenuerecognizedfromboththebeginningbalanceandcurrentperiodincreaseincontractliability
Totalrevenuerecognizedfromboththebeginningbalanceandcurrentperiodincreaseincontractliability
8222000
CY2019Q3 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
3325000
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
16930000
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
23750000
us-gaap Net Income Loss
NetIncomeLoss
39469000
us-gaap Net Income Loss
NetIncomeLoss
60145000
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
26130000
CY2019Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
26323000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
26158000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
26339000
CY2020Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
181000
CY2019Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
156000
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
179000
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
157000
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
26311000
CY2019Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
26479000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
26337000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
26496000
CY2020Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.65
CY2019Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.90
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.51
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.28
CY2020Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.64
CY2019Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.90
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.50
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.27
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0
CY2020Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0
CY2020Q3 us-gaap Operating Lease Payments
OperatingLeasePayments
1145000
us-gaap Operating Lease Payments
OperatingLeasePayments
3510000
cnxn Number Of Additional Leases Not Yet Commenced
NumberOfAdditionalLeasesNotYetCommenced
0
CY2020Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
1111000
us-gaap Operating Lease Cost
OperatingLeaseCost
3450000
CY2020Q3 us-gaap Short Term Lease Cost
ShortTermLeaseCost
109000
us-gaap Short Term Lease Cost
ShortTermLeaseCost
194000
CY2020Q3 us-gaap Lease Cost
LeaseCost
1220000
us-gaap Lease Cost
LeaseCost
3644000
CY2020Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P5Y1M17D
CY2020Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0392
CY2019Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
1152000
us-gaap Operating Lease Cost
OperatingLeaseCost
3533000
CY2019Q3 us-gaap Short Term Lease Cost
ShortTermLeaseCost
43000
us-gaap Short Term Lease Cost
ShortTermLeaseCost
129000
CY2019Q3 us-gaap Lease Cost
LeaseCost
1195000
us-gaap Lease Cost
LeaseCost
3662000
CY2019Q3 us-gaap Operating Lease Payments
OperatingLeasePayments
1211000
us-gaap Operating Lease Payments
OperatingLeasePayments
3722000
CY2019Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P5Y11M1D
CY2019Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0392
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
1146000
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
4345000
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
3364000
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
2824000
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
1699000
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
1594000
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
888000
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
15860000
CY2020Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
1292000
CY2020Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
14568000
CY2020Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
13768000
CY2020Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
10579000
CY2020Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
3989000
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3
CY2020Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
652752000
CY2019Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
729410000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1914603000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2103407000
CY2020Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
21077000
CY2019Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
32637000
us-gaap Operating Income Loss
OperatingIncomeLoss
52315000
us-gaap Operating Income Loss
OperatingIncomeLoss
82369000
CY2020Q3 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-17000
CY2019Q3 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
62000
us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
80000
us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
444000
CY2020Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
21060000
CY2019Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
32699000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
52395000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
82813000
CY2020Q3 us-gaap Depreciation And Amortization
DepreciationAndAmortization
3833000
CY2019Q3 us-gaap Depreciation And Amortization
DepreciationAndAmortization
3107000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
10335000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
10184000
CY2020Q3 us-gaap Assets
Assets
1003334000
CY2019Q3 us-gaap Assets
Assets
870648000
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
3
CY2020Q3 us-gaap Line Of Credit Facility Current Borrowing Capacity
LineOfCreditFacilityCurrentBorrowingCapacity
50000000
us-gaap Line Of Credit Facility Expiration Date1
LineOfCreditFacilityExpirationDate1
2022-02-10
CY2020Q3 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
80000000
CY2019Q3 us-gaap Line Of Credit
LineOfCredit
0
CY2020Q3 us-gaap Line Of Credit
LineOfCredit
0
CY2019Q3 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
50000000
CY2020Q3 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
50000000

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