2020 Q3 Form 10-Q Financial Statement

#000143774920023331 Filed on November 10, 2020

View on sec.gov

Income Statement

Concept 2020 Q3 2019 Q3 2019 Q2
Revenue $21.28M $22.24M $24.51M
YoY Change -4.35% 12.51% 80.34%
Cost Of Revenue $16.43M $17.26M $19.29M
YoY Change -4.82% 12.64% 90.84%
Gross Profit $4.852M $4.988M $5.227M
YoY Change -2.71% 12.07% 49.92%
Gross Profit Margin 22.81% 22.42% 21.32%
Selling, General & Admin $2.726M $2.429M $2.435M
YoY Change 12.24% 22.73% 54.9%
% of Gross Profit 56.18% 48.7% 46.59%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $415.1K $378.1K $376.0K
YoY Change 9.78% -0.36% 169.05%
% of Gross Profit 8.55% 7.58% 7.19%
Operating Expenses $2.726M $2.429M $2.435M
YoY Change 12.24% 22.73% 45.86%
Operating Profit $2.126M $2.559M $2.792M
YoY Change -16.9% 3.54% 53.64%
Interest Expense $208.0K $322.0K $284.6K
YoY Change -35.39% 12.32% 252.4%
% of Operating Profit 9.78% 12.58% 10.19%
Other Income/Expense, Net -$222.0K -$322.0K -$310.1K
YoY Change -31.06% -16.17% -75.97%
Pretax Income $1.904M $2.237M $2.481M
YoY Change -14.86% 7.17% 371.61%
Income Tax $478.3K $541.9K $650.0K
% Of Pretax Income 25.12% 24.23% 26.19%
Net Earnings $1.426M $1.695M $1.831M
YoY Change -15.86% 13.21% 364.11%
Net Earnings / Revenue 6.7% 7.62% 7.47%
Basic Earnings Per Share $0.43 $0.59 $0.66
Diluted Earnings Per Share $0.43 $0.52 $0.57
COMMON SHARES
Basic Shares Outstanding 3.324M 2.851M 2.756M
Diluted Shares Outstanding 3.326M 3.249M 3.213M

Balance Sheet

Concept 2020 Q3 2019 Q3 2019 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $7.652M $3.250M $739.7K
YoY Change 135.44% -16.49% -72.19%
Cash & Equivalents $6.731M $3.250M $739.7K
Short-Term Investments $921.2K
Other Short-Term Assets $5.041M $3.241M $3.538M
YoY Change 55.51% 39.46% 35.03%
Inventory $10.23M $7.100M $6.164M
Prepaid Expenses $565.2K $632.0K $672.5K
Receivables $15.70M $13.15M $15.97M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $38.62M $26.74M $26.41M
YoY Change 44.41% 9.11% 80.74%
LONG-TERM ASSETS
Property, Plant & Equipment $11.46M $12.71M $12.94M
YoY Change -9.85% -6.93% 350.75%
Goodwill $11.51M $9.793M $9.799M
YoY Change 17.49% 39.38% 334.37%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $106.8K $88.05K $95.26K
YoY Change 21.3% -7.58%
Total Long-Term Assets $39.36M $36.09M $36.65M
YoY Change 9.04% 172.72% 516.1%
TOTAL ASSETS
Total Short-Term Assets $38.62M $26.74M $26.41M
Total Long-Term Assets $39.36M $36.09M $36.65M
Total Assets $77.97M $62.84M $63.06M
YoY Change 24.09% 22.24% 169.13%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $9.839M $6.613M $7.316M
YoY Change 48.78% 32.53% 197.06%
Accrued Expenses $3.201M $2.519M $2.517M
YoY Change 27.06% 46.57% 94.11%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $200.0K $200.0K
YoY Change -100.0% -86.96% -71.43%
Long-Term Debt Due $4.670M $4.076M $5.089M
YoY Change 14.57% 205.71% 917.79%
Total Short-Term Liabilities $20.36M $17.99M $22.57M
YoY Change 13.17% 5.83% 146.77%
LONG-TERM LIABILITIES
Long-Term Debt $21.99M $7.241M $3.357M
YoY Change 203.65% -32.94% 212.47%
Other Long-Term Liabilities $8.012M $8.618M $9.160M
YoY Change -7.03%
Total Long-Term Liabilities $32.21M $25.93M $23.95M
YoY Change 24.23% 12.16% 431.07%
TOTAL LIABILITIES
Total Short-Term Liabilities $20.36M $17.99M $22.57M
Total Long-Term Liabilities $32.21M $25.93M $23.95M
Total Liabilities $52.57M $43.92M $46.53M
YoY Change 19.7% 9.47% 240.66%
SHAREHOLDERS EQUITY
Retained Earnings $20.26M $14.78M $13.08M
YoY Change 37.09% 79.55% 94.31%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.935M $1.906M $1.906M
YoY Change 1.52% 0.0% 0.0%
Treasury Stock Shares
Shareholders Equity $25.40M $18.92M $16.54M
YoY Change
Total Liabilities & Shareholders Equity $77.97M $62.84M $63.06M
YoY Change 24.09% 22.24% 169.13%

Cashflow Statement

Concept 2020 Q3 2019 Q3 2019 Q2
OPERATING ACTIVITIES
Net Income $1.426M $1.695M $1.831M
YoY Change -15.86% 13.21% 364.11%
Depreciation, Depletion And Amortization $415.1K $378.1K $376.0K
YoY Change 9.78% -0.36% 169.05%
Cash From Operating Activities $910.6K $3.255M -$1.220M
YoY Change -72.02% 56.67% -131.61%
INVESTING ACTIVITIES
Capital Expenditures -$118.6K -$176.3K -$95.48K
YoY Change -32.72% 21.96% 36.4%
Acquisitions
YoY Change
Other Investing Activities -$949.3K $0.00 -$50.00K
YoY Change
Cash From Investing Activities -$1.068M -$176.3K -$145.5K
YoY Change 505.76% -99.13% 107.84%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -39.24K -567.9K -586.8K
YoY Change -93.09% -102.91% -70.36%
NET CHANGE
Cash From Operating Activities 910.6K 3.255M -1.220M
Cash From Investing Activities -1.068M -176.3K -145.5K
Cash From Financing Activities -39.24K -567.9K -586.8K
Net Change In Cash -196.5K 2.510M -1.952M
YoY Change -107.83% 104.5% -207.87%
FREE CASH FLOW
Cash From Operating Activities $910.6K $3.255M -$1.220M
Capital Expenditures -$118.6K -$176.3K -$95.48K
Free Cash Flow $1.029M $3.431M -$1.125M
YoY Change -70.0% 54.41% -128.62%

Facts In Submission

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<div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: left;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-style: italic; font: inherit;">1.</div>&nbsp; BASIS OF PRESENTATION</div></div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt 7.2pt;text-align:left;">&nbsp;</div> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: left;">The accompanying unaudited consolidated financial statements have been prepared in accordance with generally accepted accounting principles (GAAP) for interim financial information and with the instructions to Form <div style="display: inline; font-style: italic; font: inherit;">10</div>-Q and Article <div style="display: inline; font-style: italic; font: inherit;">8</div> of Regulation S-<div style="display: inline; font-style: italic; font: inherit;">X.</div> Accordingly, they do <div style="display: inline; font-style: italic; font: inherit;">not</div> include all the information and footnotes required by generally accepted accounting principles for complete financial statements. The consolidated financial statements include the accounts of Crawford United Corporation and its wholly-owned subsidiaries (the &#x201c;Company&#x201d;). Significant intercompany transactions and balances have been eliminated in the financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. Operating results for the <div style="display: inline; font-style: italic; font: inherit;">three</div> and <div style="display: inline; font-style: italic; font: inherit;">nine</div> months ended <div style="display: inline; font-style: italic; font: inherit;"> September 30, 2020 </div>are <div style="display: inline; font-style: italic; font: inherit;">not</div> necessarily indicative of the results that <div style="display: inline; font-style: italic; font: inherit;"> may </div>be expected for the fiscal year ended <div style="display: inline; font-style: italic; font: inherit;"> December 31, 2020. </div>For further information, refer to the consolidated financial statements and footnotes thereto included in the Company's Annual Report on Form <div style="display: inline; font-style: italic; font: inherit;">10</div>-K for the fiscal year ended <div style="display: inline; font-style: italic; font: inherit;"> December 31, 2019.&nbsp;</div></div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt 7.2pt;text-align:left;">&nbsp;</div> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: left;">During the <div style="display: inline; font-style: italic; font: inherit;">three</div> and <div style="display: inline; font-style: italic; font: inherit;">nine</div> months ended <div style="display: inline; font-style: italic; font: inherit;"> September 30, 2020, </div>there have been <div style="display: inline; font-style: italic; font: inherit;">no</div> changes to our significant accounting policies.</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt 7.2pt;text-align:left;">&nbsp;</div> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: left;"><div style="display: inline; text-decoration: underline;"><div style="display: inline; font-style: italic;"><div style="display: inline; font-weight: bold;">Reclassifications</div></div></div></div> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: left;">In Certain prior year amounts were reclassified to conform to the current year presentation. The reclassifications have <div style="display: inline; font-style: italic; font: inherit;">no</div> effect on the financial position or results of operations reported as of and for the periods presented.</div></div>
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CY2019Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
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CY2020Q3 us-gaap Inventory Work In Process
InventoryWorkInProcess
3403158
CY2019Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
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CY2020Q3 us-gaap Land And Land Improvements
LandAndLandImprovements
228872
CY2019Q4 us-gaap Land And Land Improvements
LandAndLandImprovements
228872
CY2020Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
77974753
CY2019Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
62488006
CY2020Q3 us-gaap Liabilities Current
LiabilitiesCurrent
20362465
CY2019Q4 us-gaap Liabilities Current
LiabilitiesCurrent
16285001
CY2020Q3 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
32208508
CY2019Q4 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
24774473
CY2020Q3 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
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7300000
CY2019Q4 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
16300000
CY2020Q3 us-gaap Loans Payable To Bank Current
LoansPayableToBankCurrent
1333333
CY2019Q4 us-gaap Loans Payable To Bank Current
LoansPayableToBankCurrent
1333333
CY2020Q3 us-gaap Long Term Loans From Bank
LongTermLoansFromBank
14380220
CY2019Q4 us-gaap Long Term Loans From Bank
LongTermLoansFromBank
6376594
CY2020Q3 us-gaap Long Term Notes Payable
LongTermNotesPayable
7608286
CY2019Q4 us-gaap Long Term Notes Payable
LongTermNotesPayable
7676697
CY2020Q3 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
14166363
CY2019Q4 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
13950444
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
8464680
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-1893117
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-10660962
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-645228
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
6694683
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
730806
CY2020Q3 us-gaap Net Income Loss
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1426090
CY2019Q3 us-gaap Net Income Loss
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1694868
us-gaap Net Income Loss
NetIncomeLoss
3730497
us-gaap Net Income Loss
NetIncomeLoss
5271805
CY2020Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
1426090
CY2019Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
1694868
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
3730497
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
5271805
CY2020Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-221996
CY2019Q3 us-gaap Nonoperating Income Expense
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us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-813673
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-874310
CY2020Q3 us-gaap Notes Payable Current
NotesPayableCurrent
3336787
CY2019Q4 us-gaap Notes Payable Current
NotesPayableCurrent
2749459
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3
CY2020Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
2126417
CY2019Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
2558779
us-gaap Operating Income Loss
OperatingIncomeLoss
5795086
us-gaap Operating Income Loss
OperatingIncomeLoss
7921403
CY2020Q3 us-gaap Operating Lease Right Of Use Asset
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CY2019Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
9224840
CY2020Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.05
CY2019Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.05
CY2020Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P11Y
CY2019Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P11Y
CY2020Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
106804
CY2019Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
88046
CY2020Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-13966
CY2019Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-3
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-72933
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-1664
us-gaap Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
311669
CY2020Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
16357576
CY2019Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
16016325
CY2020Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
11459569
us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
4614303
us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
909457
CY2020Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
20257580
CY2019Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
16527083
CY2020Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
21277797
CY2019Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
22244681
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
65135959
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
68595404
CY2019Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
12394172
us-gaap Repayments Of Bank Debt
RepaymentsOfBankDebt
3760415
us-gaap Repayments Of Bank Debt
RepaymentsOfBankDebt
2870999
us-gaap Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
595227
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
29032
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
9400000
us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
50001
us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
949293
us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
CY2020Q3 us-gaap Preferred Stock No Par Value
PreferredStockNoParValue
0
CY2019Q4 us-gaap Preferred Stock No Par Value
PreferredStockNoParValue
CY2020Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1000000
CY2019Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1000000
CY2020Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2019Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2020Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2019Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2020Q3 us-gaap Preferred Stock Value
PreferredStockValue
CY2019Q4 us-gaap Preferred Stock Value
PreferredStockValue
CY2020Q3 us-gaap Prepaid Expense Current
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565173
CY2019Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
703002
us-gaap Proceeds From Bank Debt
ProceedsFromBankDebt
11735210
us-gaap Proceeds From Bank Debt
ProceedsFromBankDebt
1898542
us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
5133220
us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
us-gaap Share Based Compensation
ShareBasedCompensation
273783
us-gaap Share Based Compensation
ShareBasedCompensation
304342
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
8764513
CY2020Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
2726000
CY2019Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
2428784
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
7122981
CY2019Q3 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
648000
us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
648000
CY2020Q3 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
CY2019Q3 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
211050
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
204700
CY2020Q3 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
6975
CY2019Q3 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
38300
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
62733
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
99642
CY2020Q3 us-gaap Stockholders Equity
StockholdersEquity
25403780
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
21428532
CY2020Q2 us-gaap Stockholders Equity
StockholdersEquity
23970715
CY2019Q2 us-gaap Stockholders Equity
StockholdersEquity
16535338
CY2019Q3 us-gaap Stockholders Equity
StockholdersEquity
18916506
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
12765485
CY2020Q3 us-gaap Treasury Stock Value
TreasuryStockValue
1934812
CY2019Q4 us-gaap Treasury Stock Value
TreasuryStockValue
1905780
CY2020Q3 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
CY2019Q3 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
29032
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
3326003
CY2019Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
3249233
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
3319501
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
3223004
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
3324380
CY2019Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
2850958
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
3317864
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
2787845

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