2020 Q1 Form 10-Q Financial Statement

#000117184320001757 Filed on March 16, 2020

View on sec.gov

Income Statement

Concept 2020 Q1 2019 Q1
Revenue $186.7M $161.1M
YoY Change 15.94% 9.4%
Cost Of Revenue $97.50M $81.74M
YoY Change 19.29% 9.06%
Gross Profit $65.75M $58.06M
YoY Change 13.24% 9.11%
Gross Profit Margin 35.21% 36.05%
Selling, General & Admin $30.33M $26.49M
YoY Change 14.51% 2.09%
% of Gross Profit 46.13% 45.62%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $970.0K $990.0K
YoY Change -2.02% -5.71%
% of Gross Profit 1.48% 1.71%
Operating Expenses $30.33M $26.49M
YoY Change 14.51% 2.09%
Operating Profit $35.42M $31.58M
YoY Change 12.17% 15.79%
Interest Expense $2.024M $2.110M
YoY Change -4.08% 42.38%
% of Operating Profit 5.71% 6.68%
Other Income/Expense, Net
YoY Change
Pretax Income $15.67M $14.28M
YoY Change 9.74% 145.17%
Income Tax $2.981M $3.381M
% Of Pretax Income 19.03% 23.68%
Net Earnings $12.69M $10.90M
YoY Change 16.44% -18.57%
Net Earnings / Revenue 6.79% 6.76%
Basic Earnings Per Share $1.92 $1.61
Diluted Earnings Per Share $1.83 $1.55
COMMON SHARES
Basic Shares Outstanding 6.598M 6.751M
Diluted Shares Outstanding 6.940M 7.003M

Balance Sheet

Concept 2020 Q1 2019 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.100M $1.600M
YoY Change 31.25% 220.0%
Cash & Equivalents $2.083M $1.624M
Short-Term Investments
Other Short-Term Assets $4.700M $5.100M
YoY Change -7.84% 4.08%
Inventory $54.03M $38.82M
Prepaid Expenses
Receivables $2.600M $2.500M
Other Receivables $800.0K $1.600M
Total Short-Term Assets $64.20M $49.60M
YoY Change 29.44% 7.13%
LONG-TERM ASSETS
Property, Plant & Equipment $28.82M $28.67M
YoY Change 0.51% -1.8%
Goodwill $355.0K $355.0K
YoY Change 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $533.7M $444.0M
YoY Change 20.21% 8.27%
TOTAL ASSETS
Total Short-Term Assets $64.20M $49.60M
Total Long-Term Assets $533.7M $444.0M
Total Assets $597.9M $493.6M
YoY Change 21.14% 8.16%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $16.30M $13.60M
YoY Change 19.85% -3.55%
Accrued Expenses $51.90M $12.30M
YoY Change 321.95% 36.67%
Deferred Revenue
YoY Change
Short-Term Debt $1.100M $1.300M
YoY Change -15.38% -68.29%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $69.30M $27.20M
YoY Change 154.78% 0.0%
LONG-TERM LIABILITIES
Long-Term Debt $184.3M $170.7M
YoY Change 7.97% 15.18%
Other Long-Term Liabilities $36.40M $35.30M
YoY Change 3.12% 3.52%
Total Long-Term Liabilities $220.7M $206.0M
YoY Change 7.14% 13.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $69.30M $27.20M
Total Long-Term Liabilities $220.7M $206.0M
Total Liabilities $305.7M $247.5M
YoY Change 23.54% 11.94%
SHAREHOLDERS EQUITY
Retained Earnings $451.6M $395.0M
YoY Change 14.33% 12.28%
Common Stock $86.77M $78.97M
YoY Change 9.87% 10.84%
Preferred Stock
YoY Change
Treasury Stock (at cost) $246.7M $228.4M
YoY Change 8.02% 21.29%
Treasury Stock Shares $6.857M $6.645M
Shareholders Equity $291.7M $245.6M
YoY Change
Total Liabilities & Shareholders Equity $597.9M $493.6M
YoY Change 21.14% 8.16%

Cashflow Statement

Concept 2020 Q1 2019 Q1
OPERATING ACTIVITIES
Net Income $12.69M $10.90M
YoY Change 16.44% -18.57%
Depreciation, Depletion And Amortization $970.0K $990.0K
YoY Change -2.02% -5.71%
Cash From Operating Activities -$5.050M $7.400M
YoY Change -168.24% -285.93%
INVESTING ACTIVITIES
Capital Expenditures -$1.580M -$1.500M
YoY Change 5.33% 138.1%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00
YoY Change -100.0%
Cash From Investing Activities -$1.590M -$1.500M
YoY Change 6.0% 316.67%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 6.250M -4.940M
YoY Change -226.52% -209.29%
NET CHANGE
Cash From Operating Activities -5.050M 7.400M
Cash From Investing Activities -1.590M -1.500M
Cash From Financing Activities 6.250M -4.940M
Net Change In Cash -390.0K 960.0K
YoY Change -140.62% 433.33%
FREE CASH FLOW
Cash From Operating Activities -$5.050M $7.400M
Capital Expenditures -$1.580M -$1.500M
Free Cash Flow -$3.470M $8.900M
YoY Change -138.99% -365.67%

Facts In Submission

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us-gaap Concentration Risk Credit Risk
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<div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" font-size: 10pt; font-style: italic; margin: 0pt 0; text-align: justify">Concentration of Risk</div> <div style=" font-size: 10pt; text-align: justify; margin: 0pt 0"><div style="display: inline; font-style: italic;">&nbsp;</div></div> <div style=" font-size: 10pt; text-align: justify; text-indent: 9.35pt; margin: 0pt 0">The Company provides financing in connection with the sale of substantially all of its vehicles. These sales are made primarily to customers residing in Alabama, Arkansas, Georgia, Kentucky, Mississippi, Missouri, Oklahoma, Tennessee, and Texas, with approximately <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">28%</div> of current period revenues resulting from sales to Arkansas customers.</div> <div style=" font-size: 10pt; text-align: justify; text-indent: 9.35pt; margin: 0pt 0">&nbsp;</div> <div style=" font-size: 10pt; text-align: justify; text-indent: 9.35pt; margin: 0pt 0">Periodically, the Company maintains cash in financial institutions in excess of the amounts insured by the federal government. The Company&#x2019;s revolving credit facilities mature on <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> September 30, 2022.</div></div></div></div></div></div></div></div>
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
9400000
CY2020Q1 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
97504000
CY2019Q1 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
81740000
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
286215000
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
251274000
CY2020Q1 us-gaap Costs And Expenses
CostsAndExpenses
171067000
CY2019Q1 us-gaap Costs And Expenses
CostsAndExpenses
146778000
us-gaap Costs And Expenses
CostsAndExpenses
495459000
us-gaap Costs And Expenses
CostsAndExpenses
450717000
us-gaap Debt Related Commitment Fees And Debt Issuance Costs
DebtRelatedCommitmentFeesAndDebtIssuanceCosts
458000
us-gaap Debt Related Commitment Fees And Debt Issuance Costs
DebtRelatedCommitmentFeesAndDebtIssuanceCosts
372000
CY2020Q1 us-gaap Deferred Discounts Finance Charges And Interest Included In Receivables
DeferredDiscountsFinanceChargesAndInterestIncludedInReceivables
98477000
CY2019Q2 us-gaap Deferred Discounts Finance Charges And Interest Included In Receivables
DeferredDiscountsFinanceChargesAndInterestIncludedInReceivables
88353000
CY2020Q1 us-gaap Deferred Finance Costs Gross
DeferredFinanceCostsGross
823000
CY2019Q2 us-gaap Deferred Finance Costs Gross
DeferredFinanceCostsGross
555000
CY2020Q1 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
823000
CY2019Q2 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
555000
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
1568000
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
1609000
CY2020Q1 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
15827000
CY2019Q2 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
14259000
CY2020Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
975000
CY2019Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
985000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
2913000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
2949000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
2913000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
2949000
CY2019Q3 us-gaap Dividends
Dividends
10000
CY2019Q4 us-gaap Dividends
Dividends
10000
CY2020Q1 us-gaap Dividends
Dividends
10000
CY2018Q3 us-gaap Dividends
Dividends
10000
CY2018Q4 us-gaap Dividends
Dividends
10000
CY2019Q1 us-gaap Dividends
Dividends
10000
CY2020Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.92
us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
-39000
us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
88000
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-39000
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
88000
CY2020Q1 us-gaap Goodwill
Goodwill
355000
us-gaap Fair Value Of Assets Acquired
FairValueOfAssetsAcquired
37406000
CY2020Q1 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
140282000
CY2019Q2 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
127842000
CY2019Q1 us-gaap Financing Receivable Recorded Investment Current
FinancingReceivableRecordedInvestmentCurrent
450931000
CY2020Q1 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
CY2019Q1 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
100000
CY2019Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.61
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
6.34
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
4.82
CY2020Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.83
CY2019Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.55
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
6.03
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
4.66
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.213
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.204
us-gaap Fair Value Of Assets Acquired
FairValueOfAssetsAcquired
38325000
CY2018Q2 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
117821000
CY2019Q1 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
127980000
CY2019Q3 us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
2600000
CY2020Q1 us-gaap Financing Receivable Recorded Investment Current
FinancingReceivableRecordedInvestmentCurrent
513053000
CY2019Q2 us-gaap Financing Receivable Recorded Investment Current
FinancingReceivableRecordedInvestmentCurrent
435603000
CY2019Q2 us-gaap Goodwill
Goodwill
355000
us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
267000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-21782000
CY2020Q1 us-gaap Income Tax Receivable
IncomeTaxReceivable
783000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-32194000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
86000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
318000
CY2020Q1 us-gaap Interest And Fee Income Loans Consumer Installment Automobiles Marine And Other Vehicles
InterestAndFeeIncomeLoansConsumerInstallmentAutomobilesMarineAndOtherVehicles
23481000
CY2019 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2020Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
15667000
CY2019Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
14276000
us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
53463000
us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
41523000
CY2020Q1 us-gaap Income Tax Examination Penalties And Interest Accrued
IncomeTaxExaminationPenaltiesAndInterestAccrued
0
CY2019Q2 us-gaap Income Tax Examination Penalties And Interest Accrued
IncomeTaxExaminationPenaltiesAndInterestAccrued
0
CY2020Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2981000
CY2019Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3381000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
11379000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
8464000
CY2019Q2 us-gaap Income Tax Receivable
IncomeTaxReceivable
1947000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
8652000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
7050000
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
1116000
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
1320000
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-174000
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-1723000
us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
255000
CY2019Q1 us-gaap Interest And Fee Income Loans Consumer Installment Automobiles Marine And Other Vehicles
InterestAndFeeIncomeLoansConsumerInstallmentAutomobilesMarineAndOtherVehicles
21251000
us-gaap Interest And Fee Income Loans Consumer Installment Automobiles Marine And Other Vehicles
InterestAndFeeIncomeLoansConsumerInstallmentAutomobilesMarineAndOtherVehicles
67852000
us-gaap Interest And Fee Income Loans Consumer Installment Automobiles Marine And Other Vehicles
InterestAndFeeIncomeLoansConsumerInstallmentAutomobilesMarineAndOtherVehicles
61925000
CY2020Q1 us-gaap Interest Expense
InterestExpense
2024000
CY2019Q1 us-gaap Interest Expense
InterestExpense
2110000
us-gaap Interest Expense
InterestExpense
6109000
us-gaap Interest Expense
InterestExpense
5895000
us-gaap Interest Paid Net
InterestPaidNet
6566000
us-gaap Interest Paid Net
InterestPaidNet
5191000
CY2020Q1 us-gaap Interest Receivable
InterestReceivable
2603000
CY2019Q2 us-gaap Interest Receivable
InterestReceivable
2348000
CY2020Q1 us-gaap Inventory Net
InventoryNet
54026000
CY2019Q2 us-gaap Inventory Net
InventoryNet
37483000
CY2020Q1 us-gaap Liabilities
Liabilities
305723000
CY2019Q2 us-gaap Liabilities
Liabilities
231632000
us-gaap Late Fee Income Generated By Servicing Financial Assets Amount
LateFeeIncomeGeneratedByServicingFinancialAssetsAmount
1500000
us-gaap Late Fee Income Generated By Servicing Financial Assets Amount
LateFeeIncomeGeneratedByServicingFinancialAssetsAmount
1500000
us-gaap Lease And Rental Expense
LeaseAndRentalExpense
5100000
us-gaap Lease And Rental Expense
LeaseAndRentalExpense
5000000
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
49269000
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
24457000
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
5351000
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
5875000
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
5889000
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
6053000
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
1644000
CY2020Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
10022000
CY2020Q1 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
250000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-13429
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
4845
CY2020Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
597893000
CY2019Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
492542000
CY2020Q1 us-gaap Long Term Debt
LongTermDebt
109000
CY2019Q2 us-gaap Long Term Debt
LongTermDebt
194000
CY2020Q1 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
184300000
CY2019Q2 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
152918000
CY2020Q1 us-gaap Minority Interest
MinorityInterest
100000
CY2019Q2 us-gaap Minority Interest
MinorityInterest
100000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
16995000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-1201000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-3235000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-3042000
CY2020Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
12676000
CY2019Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
10885000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
42054000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
33029000
CY2020Q1 us-gaap Notes Receivable Gross
NotesReceivableGross
706014000
CY2019Q2 us-gaap Notes Receivable Gross
NotesReceivableGross
631681000
CY2020Q1 us-gaap Notes Receivable Net
NotesReceivableNet
467255000
CY2019Q2 us-gaap Notes Receivable Net
NotesReceivableNet
415486000
CY2018Q2 us-gaap Notes Receivable Net
NotesReceivableNet
383617000
CY2019Q1 us-gaap Notes Receivable Net
NotesReceivableNet
414913000
CY2019Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2020Q1 us-gaap Preferred Stock Value
PreferredStockValue
CY2019Q2 us-gaap Preferred Stock Value
PreferredStockValue
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
15823000
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1
CY2020Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
39247000
CY2019Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
CY2020Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
37248000
CY2019Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
CY2019Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0473
CY2020Q1 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
1405000
CY2019Q2 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
3982000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
24087000
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
459000
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
372000
us-gaap Payments Of Dividends
PaymentsOfDividends
30000
us-gaap Payments Of Dividends
PaymentsOfDividends
30000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
3244000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
3042000
CY2020Q1 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
10000
CY2019Q1 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
10000
us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
30000
us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
30000
CY2020Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2019Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2020Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1000000
CY2019Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1000000
CY2020Q1 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2019Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2020Q1 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
111619000
us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
112885000
us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
111619000
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
352666000
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
319014000
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
374000
CY2020Q1 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
4720000
CY2019Q2 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
4634000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
141000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
103000
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
1738000
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
3827000
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
384690000
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
337842000
us-gaap Proceeds From Repayments Of Bank Overdrafts
ProceedsFromRepaymentsOfBankOverdrafts
-222000
us-gaap Proceeds From Repayments Of Bank Overdrafts
ProceedsFromRepaymentsOfBankOverdrafts
814000
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
9000
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
2849000
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
4373000
CY2020Q1 us-gaap Profit Loss
ProfitLoss
12686000
CY2019Q1 us-gaap Profit Loss
ProfitLoss
10895000
us-gaap Profit Loss
ProfitLoss
42084000
us-gaap Profit Loss
ProfitLoss
33059000
CY2019Q3 us-gaap Profit Loss
ProfitLoss
15511000
CY2019Q4 us-gaap Profit Loss
ProfitLoss
13887000
CY2018Q3 us-gaap Profit Loss
ProfitLoss
10884000
CY2018Q4 us-gaap Profit Loss
ProfitLoss
11281000
CY2020Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
28820000
CY2019Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
28537000
CY2020Q1 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
40233000
CY2019Q1 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
35555000
us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
112885000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
87298000
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
284000
CY2020Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
451627000
CY2019Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
409573000
CY2020Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
163253000
CY2019Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
139803000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
481070000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
430315000
CY2020Q1 us-gaap Revenues
Revenues
186734000
CY2019Q1 us-gaap Revenues
Revenues
161054000
us-gaap Revenues
Revenues
548922000
us-gaap Revenues
Revenues
492240000
CY2020Q1 us-gaap Sales And Excise Tax Payable Current And Noncurrent
SalesAndExciseTaxPayableCurrentAndNoncurrent
2611000
CY2019Q2 us-gaap Sales And Excise Tax Payable Current And Noncurrent
SalesAndExciseTaxPayableCurrentAndNoncurrent
3571000
CY2020Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
30331000
CY2019Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
26488000
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
79068000
us-gaap Share Based Compensation
ShareBasedCompensation
3150000
us-gaap Share Based Compensation
ShareBasedCompensation
2270000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.39
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.36
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0175
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0279
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
6861000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
8506000
CY2020Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
28100000
CY2019Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
15200000
CY2020Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue
5400000
CY2020Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber
104250
CY2020Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageExercisePrice
58.44
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y182D
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y182D
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1
P6Y36D
CY2019Q3 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
40000
CY2019Q4 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
50000
CY2020Q1 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
51000
CY2018Q3 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
29000
CY2018Q4 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
38000
CY2019Q1 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
35000
CY2019Q3 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
80000
CY2019Q4 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
785000
CY2020Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
873000
CY2018Q3 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
2713000
CY2018Q4 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
1035000
CY2019Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
79000
CY2020Q1 us-gaap Stockholders Equity
StockholdersEquity
291670000
CY2019Q2 us-gaap Stockholders Equity
StockholdersEquity
260410000
CY2020Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
291770000
CY2019Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
260510000
CY2019Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
273036000
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
278359000
CY2018Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
230534000
CY2018Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
237867000
CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
244310000
CY2019Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
245677000
us-gaap Tax Adjustments Settlements And Unusual Provisions
TaxAdjustmentsSettlementsAndUnusualProvisions
1300000
us-gaap Tax Adjustments Settlements And Unusual Provisions
TaxAdjustmentsSettlementsAndUnusualProvisions
1500000
CY2020Q1 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
400000
CY2019Q2 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
400000
CY2020Q1 us-gaap Treasury Stock Shares
TreasuryStockShares
6856591
CY2019Q2 us-gaap Treasury Stock Shares
TreasuryStockShares
6676609
CY2019Q3 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
55507000
CY2019Q4 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
112091000
CY2020Q1 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
12384000
CY2018Q3 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
115999000
CY2018Q4 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
89656000
CY2019Q1 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
141500000
CY2020Q1 us-gaap Treasury Stock Value
TreasuryStockValue
246725000
CY2019Q2 us-gaap Treasury Stock Value
TreasuryStockValue
230902000
CY2019Q3 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
4715000
CY2019Q4 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
9981000
CY2020Q1 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
1127000
CY2018Q3 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
7377000
CY2018Q4 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
6495000
CY2019Q1 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
10215000
us-gaap Use Of Estimates
UseOfEstimates
<div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" font-size: 10pt; font-style: italic; margin: 0pt 0; text-align: justify">Use of Estimates</div> <div style=" font-size: 10pt; text-align: justify; margin: 0pt 0"><div style="display: inline; font-style: italic;">&nbsp;</div></div> <div style=" font-size: 10pt; text-align: justify; text-indent: 9pt; margin: 0pt 0">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 that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the period. Actual results could differ from those estimates. Significant estimates include, but are <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">not</div> limited to, the Company&#x2019;s allowance for credit losses.</div></div></div></div></div></div></div>
CY2020Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
342481
CY2019Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
252363
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
335352
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
240723
CY2020Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
6940124
CY2019Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
7003389
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
6969848
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
7087430
CY2020Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
6597643
CY2019Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
6751026
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
6634496
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
6846707

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