$CRVL
CORVEL CORP

2016 Q1 Form 10-K Financial Statement

#000156459017012405 Filed on June 09, 2017

View on sec.gov

Income Statement

Concept 2016 Q1 2015 Q4 2015 Q3
Revenue $128.3M $123.9M $124.5M
YoY Change 4.99% 1.26% 0.6%
Cost Of Revenue $101.8M $98.66M $97.78M
YoY Change 2.31% 0.44% -0.48%
Gross Profit $26.45M $25.23M $26.68M
YoY Change 16.63% 4.58% 4.78%
Gross Profit Margin 20.61% 20.37% 21.44%
Selling, General & Admin $15.80M $14.50M $13.20M
YoY Change 16.18% 5.07% 3.94%
% of Gross Profit 59.75% 57.47% 49.47%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $5.040M $4.990M $4.970M
YoY Change 6.33% 9.91% 8.04%
% of Gross Profit 19.06% 19.78% 18.63%
Operating Expenses $15.90M $14.50M $13.20M
YoY Change 16.91% 4.32% 3.13%
Operating Profit $10.55M $10.73M $13.48M
YoY Change 16.21% 4.93% 6.45%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $10.60M $10.73M $13.48M
YoY Change 16.48% 4.25% 5.95%
Income Tax $4.000M $4.040M $5.208M
% Of Pretax Income 37.74% 37.65% 38.65%
Net Earnings $6.667M $6.691M $8.267M
YoY Change 19.57% -2.06% 4.87%
Net Earnings / Revenue 5.2% 5.4% 6.64%
Basic Earnings Per Share $0.34 $0.34 $0.42
Diluted Earnings Per Share $0.34 $0.34 $0.41
COMMON SHARES
Basic Shares Outstanding 19.58M shares 19.67M 19.90M shares
Diluted Shares Outstanding 19.85M 20.06M shares

Balance Sheet

Concept 2016 Q1 2015 Q4 2015 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $32.80M $26.50M $24.90M
YoY Change 28.63% -14.52% -11.7%
Cash & Equivalents $32.78M $26.50M $24.89M
Short-Term Investments
Other Short-Term Assets $30.50M $38.40M $38.80M
YoY Change 5.17% 36.65% 26.38%
Inventory
Prepaid Expenses $4.933M $6.696M $6.470M
Receivables $59.75M $55.88M $59.23M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $123.1M $120.8M $122.9M
YoY Change 9.87% 4.73% 3.17%
LONG-TERM ASSETS
Property, Plant & Equipment $53.27M $53.61M $54.65M
YoY Change -5.38% 1.31% 3.84%
Goodwill $36.81M $36.81M $36.81M
YoY Change 0.0% 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $2.792M $2.987M $2.841M
YoY Change 66.49% 107.29% 215.67%
Total Long-Term Assets $97.16M $97.81M $98.81M
YoY Change -2.38% 1.86% 3.68%
TOTAL ASSETS
Total Short-Term Assets $123.1M $120.8M $122.9M
Total Long-Term Assets $97.16M $97.81M $98.81M
Total Assets $220.3M $218.6M $221.7M
YoY Change 4.11% 3.43% 3.4%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $11.19M $11.60M $15.50M
YoY Change -17.58% -12.12% 9.15%
Accrued Expenses $67.18M $62.16M $61.85M
YoY Change 15.2% 20.33% 19.16%
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 $80.42M $73.78M $77.35M
YoY Change 8.54% 13.8% 17.03%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $80.42M $73.78M $77.35M
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $88.32M $90.52M $94.10M
YoY Change 5.58% 11.75% 14.48%
SHAREHOLDERS EQUITY
Retained Earnings $393.3M $386.6M $379.9M
YoY Change 7.82% 7.64% 7.83%
Common Stock $130.5M $128.5M $126.7M
YoY Change 5.69% 5.04% 4.31%
Preferred Stock
YoY Change
Treasury Stock (at cost) $391.8M $387.1M $379.1M
YoY Change 8.75% 10.23% 10.95%
Treasury Stock Shares $33.89M 33.78M shares 33.55M shares
Shareholders Equity $131.9M $128.1M $127.6M
YoY Change
Total Liabilities & Shareholders Equity $220.3M $218.6M $221.7M
YoY Change 4.11% 3.43% 3.4%

Cashflow Statement

Concept 2016 Q1 2015 Q4 2015 Q3
OPERATING ACTIVITIES
Net Income $6.667M $6.691M $8.267M
YoY Change 19.57% -2.06% 4.87%
Depreciation, Depletion And Amortization $5.040M $4.990M $4.970M
YoY Change 6.33% 9.91% 8.04%
Cash From Operating Activities $14.50M $12.22M $9.470M
YoY Change 29.35% -30.05% 58.63%
INVESTING ACTIVITIES
Capital Expenditures -$4.860M -$3.870M -$3.330M
YoY Change -39.7% -21.66% -36.93%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00 $0.00
YoY Change -100.0%
Cash From Investing Activities -$4.860M -$3.870M -$3.330M
YoY Change -39.7% -30.14% -36.93%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -3.370M -6.730M -8.350M
YoY Change -61.09% -25.8% 25.56%
NET CHANGE
Cash From Operating Activities 14.50M 12.22M 9.470M
Cash From Investing Activities -4.860M -3.870M -3.330M
Cash From Financing Activities -3.370M -6.730M -8.350M
Net Change In Cash 6.270M 1.620M -2.210M
YoY Change -213.79% -43.36% -62.92%
FREE CASH FLOW
Cash From Operating Activities $14.50M $12.22M $9.470M
Capital Expenditures -$4.860M -$3.870M -$3.330M
Free Cash Flow $19.36M $16.09M $12.80M
YoY Change 0.47% -28.2% 13.78%

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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
33.44
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
36.90
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
27.65
CY2016Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
30.36
CY2017Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
32.02
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ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansOptionsAvailableForFutureGrants
800342
CY2016 crvl Share Based Compensation Shares Authorized Under Stock Option Plans Options Available For Future Grants
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansOptionsAvailableForFutureGrants
650345
CY2017 crvl Share Based Compensation Shares Authorized Under Stock Option Plans Options Available For Future Grants
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansOptionsAvailableForFutureGrants
505493
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559168
CY2016Q1 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Exercisable Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfExercisableOptions
529691
CY2017Q1 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Exercisable Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfExercisableOptions
585424
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P3Y1M13D
CY2017Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
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585424
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
27.63
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119711
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4184
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1007484
CY2017 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
36.89
CY2017 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
36.97
CY2017Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageExercisePrice
31.58
CY2017 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
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P3Y1M13D
CY2017 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
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P2Y11M23D
CY2017 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P2Y2M23D
CY2017Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
13380609
CY2017Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Aggregate Intrinsic Value
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12235839
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9405917
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
15.00
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
13.68
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
13.38
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
2455000
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
3581000
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
2620000
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EmployeeServiceShareBasedCompensationCashReceivedFromExerciseOfStockOptions
1603000
CY2016 us-gaap Employee Service Share Based Compensation Cash Received From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationCashReceivedFromExerciseOfStockOptions
3749000
CY2017 us-gaap Employee Service Share Based Compensation Cash Received From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationCashReceivedFromExerciseOfStockOptions
2367000
CY2017Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
4048000
CY2017 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P3Y
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184004000
CY2017Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
206780000
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130736000
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AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
143738000
CY2015 us-gaap Depreciation
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17995000
CY2016 us-gaap Depreciation
Depreciation
19502000
CY2017 us-gaap Depreciation
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20534000
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11191000
CY2017Q1 us-gaap Accounts Payable Current
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13869000
CY2016Q1 crvl Income Taxes Payable Current And Uncertain Tax Positions
IncomeTaxesPayableCurrentAndUncertainTaxPositions
2042000
CY2017Q1 crvl Income Taxes Payable Current And Uncertain Tax Positions
IncomeTaxesPayableCurrentAndUncertainTaxPositions
2714000
CY2016Q1 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
18003000
CY2017Q1 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
14465000
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CustomerDepositsCurrent
25649000
CY2017Q1 us-gaap Customer Deposits Current
CustomerDepositsCurrent
32471000
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AccruedProfessionalFeesCurrent
4692000
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AccruedProfessionalFeesCurrent
4551000
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SelfInsuranceReserveCurrent
3095000
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2835000
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DeferredRevenueCurrent
7821000
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DeferredRevenueCurrent
10096000
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4907000
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AccruedRentCurrent
5774000
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OtherAccruedLiabilitiesCurrent
3015000
CY2017Q1 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
3276000
CY2015 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
16534000
CY2016 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
16600000
CY2017 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
16456000
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CurrentStateAndLocalTaxExpenseBenefit
136000
CY2016 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
2591000
CY2017 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
2834000
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CurrentIncomeTaxExpenseBenefit
16670000
CY2016 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
19191000
CY2017 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
19290000
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DeferredFederalIncomeTaxExpenseBenefit
312000
CY2016 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
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CY2017 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-1508000
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DeferredStateAndLocalIncomeTaxExpenseBenefit
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DeferredStateAndLocalIncomeTaxExpenseBenefit
23000
CY2017 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
288000
CY2015 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
15947000
CY2016 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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CY2017 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
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CY2015 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
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IncomeTaxReconciliationStateAndLocalIncomeTaxes
1704000
CY2017 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
1973000
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9656000
CY2016Q1 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts
696000
CY2016Q1 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
1245000
CY2016Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
1830000
CY2017 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
355000
CY2017 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
0
CY2017 us-gaap Unrecognized Tax Benefits Decreases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromCurrentPeriodTaxPositions
177000
CY2017 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
124000
CY2015 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
57000
CY2016Q1 crvl Deferred Tax Assets Accrued Rent
DeferredTaxAssetsAccruedRent
1875000
CY2016Q1 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
762000
CY2016Q1 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
14234000
CY2016Q1 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
16151000
CY2016Q1 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
5555000
CY2016Q1 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
434000
CY2016 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
72000
CY2017 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
35000
CY2015Q1 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
140000
CY2016Q1 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
212000
CY2016Q1 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
22140000
CY2016Q1 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
7906000
CY2017Q1 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
6686000
CY2016Q1 us-gaap Prepaid Taxes
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301000
CY2017Q1 us-gaap Accrued Income Taxes Current
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584000
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UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
247000
CY2017 crvl Employee Stock Purchase Plan Employee Contribution Percent Of Gross Pay
EmployeeStockPurchasePlanEmployeeContributionPercentOfGrossPay
0.20
CY2017 us-gaap Stock Issued During Period Shares Employee Stock Purchase Plans
StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans
2460867
CY2017Q1 us-gaap Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased
1000000
CY2017Q1 us-gaap Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased
36000000
CY2015 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
845014
CY2016 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
893771
CY2017 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
745575
CY2015 us-gaap Income Tax Reconciliation Tax Contingencies
IncomeTaxReconciliationTaxContingencies
1346000
CY2016 us-gaap Income Tax Reconciliation Tax Contingencies
IncomeTaxReconciliationTaxContingencies
78000
CY2017 us-gaap Income Tax Reconciliation Tax Contingencies
IncomeTaxReconciliationTaxContingencies
88000
CY2015 us-gaap Income Tax Credits And Adjustments
IncomeTaxCreditsAndAdjustments
94000
CY2016 us-gaap Income Tax Credits And Adjustments
IncomeTaxCreditsAndAdjustments
-100000
CY2017 us-gaap Income Tax Credits And Adjustments
IncomeTaxCreditsAndAdjustments
-705000
CY2015 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-1978000
CY2016 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-232000
CY2017 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
80000
CY2015 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
30000
CY2016 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
-36000
CY2017 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
CY2015 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
37.63
CY2016 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
35.27
CY2017 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
37.56
CY2017 crvl Treasury Stock Average Cost Per Share
TreasuryStockAverageCostPerShare
12.12
CY2017Q1 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
13677000
CY2017Q1 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
10809000
CY2017Q1 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
8496000
CY2017Q1 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
7301000
CY2017Q1 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
5602000
CY2017Q1 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
5244000
CY2017Q1 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
51129000
CY2015 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
15297000
CY2016 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
14405000
CY2017 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
13952000
CY2015 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
443000
CY2016 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
392000
CY2017 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
464000
CY2017 crvl Dividend Distribution Ratio Of Preferred Share Purchase Right For Outstanding Share Of Common Stock
DividendDistributionRatioOfPreferredSharePurchaseRightForOutstandingShareOfCommonStock
1
CY2017Q1 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
118
CY2017 crvl Shareholder Right Expiration Date
ShareholderRightExpirationDate
2022-02-10
CY2017 crvl Shareholder Plan Description Of Acquired Entity
ShareholderPlanDescriptionOfAcquiredEntity
Shareholder Rights Plan provides that if a person or group acquires 15% or more of the Company’s common stock
CY2017 crvl Shareholder Plan Percentage Of Acquired Entity
ShareholderPlanPercentageOfAcquiredEntity
0.15
CY2017 crvl Shareholder Plan Description Of Merged Entity
ShareholderPlanDescriptionOfMergedEntity
Company is thereafter merged into another entity, or if 50% or more of the Company’s consolidated assets or earning power are sold, then the right would entitle its holder to buy common shares of the acquiring entity having a market value equal to two times the then-current exercise price of the right.
CY2017 crvl Shareholder Plan Percentage Of Merged Entity
ShareholderPlanPercentageOfMergedEntity
0.50
CY2017 us-gaap Line Of Credit Facility Covenant Terms
LineOfCreditFacilityCovenantTerms
The loan covenants require the Company to maintain a current assets to liabilities ratio of at least 1.25:1, debt to tangible net worth ratio not greater than 1.25:1 and to have positive net income.
CY2016Q3 crvl Line Of Credit Facility Current Assets To Liabilities Ratio
LineOfCreditFacilityCurrentAssetsToLiabilitiesRatio
1.25
CY2016Q3 crvl Line Of Credit Facility Current Debt To Net Worth Ratio
LineOfCreditFacilityCurrentDebtToNetWorthRatio
1.25
CY2017Q1 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
4500000
CY2015Q2 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
126939000
CY2015Q3 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
124460000
CY2015Q4 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
123891000
CY2016Q1 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
128294000
CY2016Q2 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
128459000
CY2016Q3 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
128219000
CY2016Q4 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
128403000
CY2017Q1 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
133605000
CY2015Q2 us-gaap Gross Profit
GrossProfit
26183000
CY2015Q3 us-gaap Gross Profit
GrossProfit
26684000
CY2015Q4 us-gaap Gross Profit
GrossProfit
25232000
CY2016Q1 us-gaap Gross Profit
GrossProfit
26445000
CY2016Q2 us-gaap Gross Profit
GrossProfit
25582000
CY2016Q3 us-gaap Gross Profit
GrossProfit
25912000
CY2016Q4 us-gaap Gross Profit
GrossProfit
25577000
CY2017Q1 us-gaap Gross Profit
GrossProfit
27721000
CY2015Q2 us-gaap Net Income Loss
NetIncomeLoss
6900000
CY2015Q3 us-gaap Net Income Loss
NetIncomeLoss
8267000
CY2015Q4 us-gaap Net Income Loss
NetIncomeLoss
6691000
CY2016Q1 us-gaap Net Income Loss
NetIncomeLoss
6667000
CY2016Q2 us-gaap Net Income Loss
NetIncomeLoss
7491000
CY2016Q3 us-gaap Net Income Loss
NetIncomeLoss
6952000
CY2016Q4 us-gaap Net Income Loss
NetIncomeLoss
7049000
CY2017Q1 us-gaap Net Income Loss
NetIncomeLoss
7987000
CY2015Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.34
CY2015Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.42
CY2015Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.34
CY2016Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.34
CY2016Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.38
CY2016Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.36
CY2016Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.36
CY2017Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.42
CY2015Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.34
CY2015Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.41
CY2015Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.34
CY2016Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.34
CY2016Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.38
CY2016Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.35
CY2016Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.36
CY2017Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.42
CY2017 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1
CY2016Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
8901000
CY2016 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
450000
CY2016Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
4614000
CY2017Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
8901000
CY2017 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
437000
CY2017Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
5050000
CY2017Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
437000
CY2017Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
437000
CY2017Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
437000
CY2017Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
437000
CY2017Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
436000
CY2017Q1 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
1667000

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