2017 Q4 Form 10-Q Financial Statement
#000105735217000075 Filed on October 26, 2017
Income Statement
Concept | 2017 Q4 | 2017 Q3 | 2016 Q3 |
---|---|---|---|
Revenue | $254.0M | $247.5M | $212.7M |
YoY Change | 16.34% | 16.37% | 12.5% |
Cost Of Revenue | $58.30M | $55.48M | $42.22M |
YoY Change | 26.71% | 31.41% | -21.42% |
Gross Profit | $195.7M | $192.1M | $170.5M |
YoY Change | 13.58% | 12.65% | 25.96% |
Gross Profit Margin | 77.05% | 77.59% | 80.15% |
Selling, General & Admin | $119.1M | $108.7M | $106.0M |
YoY Change | 18.63% | 2.56% | -5.01% |
% of Gross Profit | 60.86% | 56.6% | 62.17% |
Research & Development | $21.80M | $21.54M | $19.36M |
YoY Change | 9.55% | 11.26% | 13.54% |
% of Gross Profit | 11.14% | 11.21% | 11.35% |
Depreciation & Amortization | $15.30M | $15.10M | $6.794M |
YoY Change | -70.75% | 122.25% | 25.74% |
% of Gross Profit | 7.82% | 7.86% | 3.99% |
Operating Expenses | $144.9M | $134.5M | $130.9M |
YoY Change | 15.57% | 2.78% | -3.6% |
Operating Profit | $50.76M | $57.51M | $39.60M |
YoY Change | 8.25% | 45.25% | -9287.01% |
Interest Expense | $734.0K | $2.901M | $2.498M |
YoY Change | -71.26% | 16.13% | 5.71% |
% of Operating Profit | 1.45% | 5.04% | 6.31% |
Other Income/Expense, Net | -$700.0K | -$2.200M | -$1.700M |
YoY Change | -56.25% | 29.41% | 13.33% |
Pretax Income | $48.69M | $55.17M | $37.44M |
YoY Change | 6.96% | 47.34% | 69.51% |
Income Tax | $4.487M | $20.99M | $14.24M |
% Of Pretax Income | 9.22% | 38.05% | 38.03% |
Net Earnings | $44.20M | $34.18M | $23.20M |
YoY Change | 49.47% | 47.31% | -532.69% |
Net Earnings / Revenue | 17.4% | 13.81% | 10.91% |
Basic Earnings Per Share | $1.24 | $1.05 | $0.72 |
Diluted Earnings Per Share | $1.22 | $1.04 | $0.72 |
COMMON SHARES | |||
Basic Shares Outstanding | 36.15M shares | 32.44M shares | 32.19M shares |
Diluted Shares Outstanding | 32.81M shares | 32.44M shares |
Balance Sheet
Concept | 2017 Q4 | 2017 Q3 | 2016 Q3 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $1.212B | $623.0M | $523.3M |
YoY Change | 113.59% | 19.05% | 39.36% |
Cash & Equivalents | $1.211B | $623.0M | $522.1M |
Short-Term Investments | $1.200M | ||
Other Short-Term Assets | $15.60M | $16.20M | $11.70M |
YoY Change | 34.48% | 38.46% | -76.07% |
Inventory | |||
Prepaid Expenses | |||
Receivables | $60.90M | $60.87M | $47.46M |
Other Receivables | $0.00 | $0.00 | $1.000M |
Total Short-Term Assets | $1.288B | $700.1M | $583.4M |
YoY Change | 105.25% | 19.99% | 22.45% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $84.50M | $84.33M | $85.37M |
YoY Change | -3.51% | -1.22% | -2.58% |
Goodwill | $1.283B | $1.283B | $1.256B |
YoY Change | 2.28% | 2.14% | 0.51% |
Intangibles | $182.9M | $191.2M | $207.1M |
YoY Change | -6.67% | -7.69% | -17.42% |
Long-Term Investments | $10.10M | $10.00M | $9.900M |
YoY Change | 1.0% | 1.01% | -36.13% |
Other Assets | $11.60M | $11.90M | $10.40M |
YoY Change | 26.09% | 14.42% | 0.0% |
Total Long-Term Assets | $1.586B | $1.581B | $1.569B |
YoY Change | 1.79% | 0.72% | -2.79% |
TOTAL ASSETS | |||
Total Short-Term Assets | $1.288B | $700.1M | $583.4M |
Total Long-Term Assets | $1.586B | $1.581B | $1.569B |
Total Assets | $2.873B | $2.281B | $2.153B |
YoY Change | 31.5% | 5.95% | 2.96% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $9.262M | $11.32M | $9.861M |
YoY Change | -19.31% | 14.83% | -30.61% |
Accrued Expenses | $22.19M | $33.07M | $33.25M |
YoY Change | -28.62% | -0.54% | -15.33% |
Deferred Revenue | $45.69M | ||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | $0.00 | $36.91M | $21.83M |
YoY Change | -100.0% | 69.12% | 9.13% |
Total Short-Term Liabilities | $146.7M | $176.6M | $153.5M |
YoY Change | -5.34% | 15.07% | -5.81% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $268.6M | $315.7M |
YoY Change | -100.0% | -14.92% | -9.8% |
Other Long-Term Liabilities | $63.50M | $50.90M | $55.60M |
YoY Change | 24.51% | -8.45% | -1.77% |
Total Long-Term Liabilities | $0.00 | $268.6M | $315.7M |
YoY Change | -100.0% | -14.92% | -9.8% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $146.7M | $176.6M | $153.5M |
Total Long-Term Liabilities | $0.00 | $268.6M | $315.7M |
Total Liabilities | $222.2M | $518.2M | $533.9M |
YoY Change | -58.14% | -2.94% | -8.07% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | $320.7M | ||
YoY Change | 63.77% | ||
Common Stock | $361.0K | ||
YoY Change | 10.74% | ||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $2.651B | $1.762B | $1.619B |
YoY Change | |||
Total Liabilities & Shareholders Equity | $2.873B | $2.281B | $2.153B |
YoY Change | 31.5% | 5.95% | 2.96% |
Cashflow Statement
Concept | 2017 Q4 | 2017 Q3 | 2016 Q3 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | $44.20M | $34.18M | $23.20M |
YoY Change | 49.47% | 47.31% | -532.69% |
Depreciation, Depletion And Amortization | $15.30M | $15.10M | $6.794M |
YoY Change | -70.75% | 122.25% | 25.74% |
Cash From Operating Activities | $71.40M | $67.90M | $57.00M |
YoY Change | 25.48% | 19.12% | 33.49% |
INVESTING ACTIVITIES | |||
Capital Expenditures | -$4.700M | -$7.100M | -$4.300M |
YoY Change | -33.8% | 65.12% | -57.43% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $0.00 | -$2.700M | $400.0K |
YoY Change | -100.0% | -775.0% | -109.3% |
Cash From Investing Activities | -$4.800M | -$9.800M | -$3.900M |
YoY Change | -18.64% | 151.28% | -72.73% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | $834.0M | ||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 521.3M | -100.0K | 5.000M |
YoY Change | -9578.18% | -102.0% | -213.64% |
NET CHANGE | |||
Cash From Operating Activities | 71.40M | 67.90M | 57.00M |
Cash From Investing Activities | -4.800M | -9.800M | -3.900M |
Cash From Financing Activities | 521.3M | -100.0K | 5.000M |
Net Change In Cash | 587.9M | 58.00M | 58.10M |
YoY Change | 1192.09% | -0.17% | 142.08% |
FREE CASH FLOW | |||
Cash From Operating Activities | $71.40M | $67.90M | $57.00M |
Capital Expenditures | -$4.700M | -$7.100M | -$4.300M |
Free Cash Flow | $76.10M | $75.00M | $61.30M |
YoY Change | 18.91% | 22.35% | 16.1% |
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4200000 | USD |
us-gaap |
Cost Of Goods Sold Amortization
CostOfGoodsSoldAmortization
|
15089000 | USD | |
CY2016Q3 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
42222000 | USD |
us-gaap |
Cost Of Revenue
CostOfRevenue
|
127801000 | USD | |
CY2017Q3 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
55483000 | USD |
us-gaap |
Cost Of Revenue
CostOfRevenue
|
162102000 | USD | |
CY2016Q4 | us-gaap |
Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
|
345000000 | USD |
CY2017Q3 | us-gaap |
Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
|
310000000 | USD |
CY2017Q1 | us-gaap |
Debt Instrument Periodic Payment Principal
DebtInstrumentPeriodicPaymentPrincipal
|
30000000 | USD |
CY2016Q4 | us-gaap |
Deferred Finance Costs Current Net
DeferredFinanceCostsCurrentNet
|
3134000 | USD |
CY2017Q3 | us-gaap |
Deferred Finance Costs Current Net
DeferredFinanceCostsCurrentNet
|
3090000 | USD |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
1.73 | ||
CY2014Q2 | us-gaap |
Deferred Finance Costs Gross
DeferredFinanceCostsGross
|
10000000 | USD |
CY2016Q4 | us-gaap |
Deferred Finance Costs Net
DeferredFinanceCostsNet
|
7000000 | USD |
CY2016Q4 | us-gaap |
Deferred Finance Costs Net
DeferredFinanceCostsNet
|
6661000 | USD |
CY2017Q3 | us-gaap |
Deferred Finance Costs Net
DeferredFinanceCostsNet
|
4504000 | USD |
CY2017Q3 | us-gaap |
Deferred Finance Costs Net
DeferredFinanceCostsNet
|
5000000 | USD |
CY2016Q4 | us-gaap |
Deferred Gain On Sale Of Property
DeferredGainOnSaleOfProperty
|
18715000 | USD |
CY2017Q3 | us-gaap |
Deferred Gain On Sale Of Property
DeferredGainOnSaleOfProperty
|
16823000 | USD |
CY2016Q4 | us-gaap |
Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
|
7273000 | USD |
CY2017Q3 | us-gaap |
Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
|
6477000 | USD |
us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
5554000 | USD | |
us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
6087000 | USD | |
CY2016Q4 | us-gaap |
Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
|
18386000 | USD |
CY2017Q3 | us-gaap |
Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
|
22101000 | USD |
CY2016Q4 | us-gaap |
Deferred Rent Credit Current
DeferredRentCreditCurrent
|
1206000 | USD |
CY2017Q3 | us-gaap |
Deferred Rent Credit Current
DeferredRentCreditCurrent
|
3201000 | USD |
CY2016Q4 | us-gaap |
Deferred Rent Credit Noncurrent
DeferredRentCreditNoncurrent
|
31589000 | USD |
CY2017Q3 | us-gaap |
Deferred Rent Credit Noncurrent
DeferredRentCreditNoncurrent
|
30090000 | USD |
CY2016Q4 | us-gaap |
Deferred Revenue Current
DeferredRevenueCurrent
|
39164000 | USD |
CY2017Q3 | us-gaap |
Deferred Revenue Current
DeferredRevenueCurrent
|
45568000 | USD |
CY2016Q4 | us-gaap |
Deposits Assets Noncurrent
DepositsAssetsNoncurrent
|
1948000 | USD |
CY2017Q3 | us-gaap |
Deposits Assets Noncurrent
DepositsAssetsNoncurrent
|
5392000 | USD |
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
53041000 | USD | |
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
48277000 | USD | |
CY2016Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.72 | |
CY2017Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
1.05 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
2.42 | ||
CY2016Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.72 | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
1.71 | ||
CY2017Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
1.04 | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
2.40 | ||
us-gaap |
Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
|
-962000 | USD | |
us-gaap |
Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
|
880000 | USD | |
us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.39 | ||
us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.33 | ||
CY2016Q4 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
33803000 | USD |
CY2017Q3 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
34661000 | USD |
CY2016Q3 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Other Comprehensive Income Loss
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss
|
46000 | USD |
us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Other Comprehensive Income Loss
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss
|
275000 | USD | |
CY2017Q3 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Other Comprehensive Income Loss
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss
|
0 | USD |
us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Other Comprehensive Income Loss
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss
|
0 | USD | |
CY2016Q3 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements
|
0 | USD |
us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements
|
4700000 | USD | |
CY2017Q3 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements
|
0 | USD |
us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements
|
0 | USD | |
CY2015Q4 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
|
15507000 | USD |
CY2016Q2 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
|
11036000 | USD |
CY2016Q3 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
|
11082000 | USD |
CY2016Q4 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
|
9952000 | USD |
CY2017Q2 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
|
9952000 | USD |
CY2017Q3 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
|
9952000 | USD |
CY2016Q4 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
195965000 | USD |
CY2017Q3 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
191178000 | USD |
CY2016Q3 | us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
0 | USD |
us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
0 | USD | |
CY2017Q3 | us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
0 | USD |
us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
0 | USD | |
CY2016Q3 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
30572000 | USD |
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
88275000 | USD | |
CY2017Q3 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
35998000 | USD |
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
104550000 | USD | |
CY2015Q4 | us-gaap |
Goodwill
Goodwill
|
1252945000 | USD |
CY2016Q4 | us-gaap |
Goodwill
Goodwill
|
1254866000 | USD |
CY2017Q3 | us-gaap |
Goodwill
Goodwill
|
1283190000 | USD |
CY2016 | us-gaap |
Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
|
6400000 | USD |
us-gaap |
Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
|
25717000 | USD | |
CY2016 | us-gaap |
Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
|
-4479000 | USD |
us-gaap |
Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
|
2607000 | USD | |
CY2016Q3 | us-gaap |
Gross Profit
GrossProfit
|
170489000 | USD |
us-gaap |
Gross Profit
GrossProfit
|
491518000 | USD | |
CY2017Q3 | us-gaap |
Gross Profit
GrossProfit
|
192050000 | USD |
us-gaap |
Gross Profit
GrossProfit
|
549137000 | USD | |
CY2016Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
37442000 | USD |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
91141000 | USD | |
CY2017Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
55167000 | USD |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
116367000 | USD | |
CY2016Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
14241000 | USD |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
35643000 | USD | |
CY2017Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
20990000 | USD |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
37876000 | USD | |
CY2016Q4 | us-gaap |
Income Taxes Receivable
IncomeTaxesReceivable
|
129000 | USD |
CY2017Q3 | us-gaap |
Income Taxes Receivable
IncomeTaxesReceivable
|
0 | USD |
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
12864000 | USD | |
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
11888000 | USD | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
13808000 | USD | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
15809000 | USD | |
us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
386000 | USD | |
us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
5969000 | USD | |
us-gaap |
Increase Decrease In Deposits
IncreaseDecreaseInDeposits
|
473000 | USD | |
us-gaap |
Increase Decrease In Deposits
IncreaseDecreaseInDeposits
|
-3387000 | USD | |
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
1398000 | USD | |
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
3561000 | USD | |
CY2016Q3 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
254000 | shares |
us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
271000 | shares | |
CY2017Q3 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
370000 | shares |
us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
330000 | shares | |
CY2016Q4 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
195965000 | USD |
CY2017Q3 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
191178000 | USD |
CY2016Q3 | us-gaap |
Interest Expense
InterestExpense
|
2498000 | USD |
us-gaap |
Interest Expense
InterestExpense
|
7462000 | USD | |
CY2017Q3 | us-gaap |
Interest Expense
InterestExpense
|
2901000 | USD |
us-gaap |
Interest Expense
InterestExpense
|
8280000 | USD | |
CY2016Q3 | us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
2000000 | USD |
us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
7000000 | USD | |
CY2017Q3 | us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
3000000 | USD |
us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
8000000 | USD | |
CY2016Q3 | us-gaap |
Interest Paid
InterestPaid
|
2000000 | USD |
CY2016Q3 | us-gaap |
Interest Paid
InterestPaid
|
2000000 | USD |
us-gaap |
Interest Paid
InterestPaid
|
5000000 | USD | |
us-gaap |
Interest Paid
InterestPaid
|
5000000 | USD | |
CY2017Q3 | us-gaap |
Interest Paid
InterestPaid
|
2000000 | USD |
CY2016Q4 | us-gaap |
Liabilities
Liabilities
|
530850000 | USD |
CY2017Q3 | us-gaap |
Liabilities
Liabilities
|
518169000 | USD |
CY2016Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
2185063000 | USD |
CY2017Q3 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
2280596000 | USD |
CY2016Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
154946000 | USD |
CY2017Q3 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
176587000 | USD |
us-gaap |
Line Of Credit Facility Collateral
LineOfCreditFacilityCollateral
|
The obligations under the 2014 Credit Agreement are guaranteed by all material subsidiaries of the Company and are secured by a lien on substantially all of the assets of the Company and those of its material subsidiaries, in each case subject to certain exceptions, pursuant to security and guarantee documents entered into on the Closing Date. | ||
CY2016Q4 | us-gaap |
Long Term Debt
LongTermDebt
|
338339000 | USD |
CY2017Q3 | us-gaap |
Long Term Debt
LongTermDebt
|
305496000 | USD |
CY2016Q4 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
31866000 | USD |
CY2017Q3 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
36910000 | USD |
CY2016Q4 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
306473000 | USD |
CY2017Q3 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
268586000 | USD |
CY2016Q4 | us-gaap |
Long Term Investments
LongTermInvestments
|
9952000 | USD |
CY2017Q3 | us-gaap |
Long Term Investments
LongTermInvestments
|
9952000 | USD |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-29782000 | USD | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-40894000 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-17435000 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-67521000 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
148460000 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
163307000 | USD | |
CY2016Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
23201000 | USD |
us-gaap |
Net Income Loss
NetIncomeLoss
|
55498000 | USD | |
CY2017Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
34177000 | USD |
us-gaap |
Net Income Loss
NetIncomeLoss
|
78491000 | USD | |
us-gaap |
Number Of Operating Segments
NumberOfOperatingSegments
|
2 | operating_segments | |
CY2016Q3 | us-gaap |
Operating Expenses
OperatingExpenses
|
130893000 | USD |
us-gaap |
Operating Expenses
OperatingExpenses
|
393502000 | USD | |
CY2016Q3 | us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax
|
0 | USD |
CY2017Q3 | us-gaap |
Operating Expenses
OperatingExpenses
|
134537000 | USD |
us-gaap |
Operating Expenses
OperatingExpenses
|
426079000 | USD | |
CY2016Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
39596000 | USD |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
98016000 | USD | |
CY2017Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
57513000 | USD |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
123058000 | USD | |
CY2016Q3 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-596000 | USD |
us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-3054000 | USD | |
CY2017Q3 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
1190000 | USD |
us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
3432000 | USD | |
CY2016Q3 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-550000 | USD |
us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-2779000 | USD | |
CY2017Q3 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
1190000 | USD |
us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
3432000 | USD | |
CY2017Q3 | us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax
|
0 | USD |
us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax
|
0 | USD | |
CY2016Q3 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
46000 | USD |
us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
275000 | USD | |
CY2017Q3 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
0 | USD |
us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
0 | USD | |
CY2016Q3 | us-gaap |
Other Depreciation And Amortization
OtherDepreciationAndAmortization
|
6794000 | USD |
us-gaap |
Other Depreciation And Amortization
OtherDepreciationAndAmortization
|
18320000 | USD | |
CY2017Q3 | us-gaap |
Other Depreciation And Amortization
OtherDepreciationAndAmortization
|
6621000 | USD |
us-gaap |
Other Depreciation And Amortization
OtherDepreciationAndAmortization
|
19546000 | USD | |
CY2016Q4 | us-gaap |
Other Long Term Debt Current
OtherLongTermDebtCurrent
|
35000000 | USD |
CY2017Q3 | us-gaap |
Other Long Term Debt Current
OtherLongTermDebtCurrent
|
40000000 | USD |
CY2016Q3 | us-gaap |
Other Nonoperating Income
OtherNonoperatingIncome
|
344000 | USD |
us-gaap |
Other Nonoperating Income
OtherNonoperatingIncome
|
587000 | USD | |
CY2017Q3 | us-gaap |
Other Nonoperating Income
OtherNonoperatingIncome
|
555000 | USD |
us-gaap |
Other Nonoperating Income
OtherNonoperatingIncome
|
1589000 | USD | |
us-gaap |
Payment Of Financing And Stock Issuance Costs
PaymentOfFinancingAndStockIssuanceCosts
|
0 | USD | |
us-gaap |
Payment Of Financing And Stock Issuance Costs
PaymentOfFinancingAndStockIssuanceCosts
|
643000 | USD | |
us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
14573000 | USD | |
us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
14309000 | USD | |
us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
10443000 | USD | |
us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
47767000 | USD | |
us-gaap |
Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
|
11692000 | USD | |
us-gaap |
Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
|
19754000 | USD | |
CY2016Q4 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
11602000 | USD |
CY2017Q3 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
16215000 | USD |
us-gaap |
Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
|
4700000 | USD | |
us-gaap |
Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
|
0 | USD | |
CY2016Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
87568000 | USD |
CY2017Q3 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
84326000 | USD |
us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
6462000 | USD | |
us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
20000000 | USD | |
us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
35000000 | USD | |
CY2016Q3 | us-gaap |
Research And Development Expense Software Excluding Acquired In Process Cost
ResearchAndDevelopmentExpenseSoftwareExcludingAcquiredInProcessCost
|
19357000 | USD |
us-gaap |
Research And Development Expense Software Excluding Acquired In Process Cost
ResearchAndDevelopmentExpenseSoftwareExcludingAcquiredInProcessCost
|
56539000 | USD | |
CY2017Q3 | us-gaap |
Research And Development Expense Software Excluding Acquired In Process Cost
ResearchAndDevelopmentExpenseSoftwareExcludingAcquiredInProcessCost
|
21536000 | USD |
us-gaap |
Research And Development Expense Software Excluding Acquired In Process Cost
ResearchAndDevelopmentExpenseSoftwareExcludingAcquiredInProcessCost
|
67054000 | USD | |
CY2016Q3 | us-gaap |
Revenues
Revenues
|
212711000 | USD |
us-gaap |
Revenues
Revenues
|
619319000 | USD | |
CY2017Q3 | us-gaap |
Revenues
Revenues
|
247533000 | USD |
us-gaap |
Revenues
Revenues
|
711239000 | USD | |
CY2016Q3 | us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
75414000 | USD |
us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
231086000 | USD | |
CY2017Q3 | us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
72705000 | USD |
us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
240833000 | USD | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
26981000 | USD | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
29203000 | USD | |
CY2016Q3 | us-gaap |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
3367 | shares |
CY2017Q3 | us-gaap |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
3532 | shares |
us-gaap |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
81815 | shares | |
CY2016Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
1654213000 | USD |
CY2017Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
1762427000 | USD |
CY2016Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
32440000 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
32423000 | shares | |
CY2017Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
32814000 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
32705000 | shares | |
CY2016Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
32186000 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
32152000 | shares | |
CY2017Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
32444000 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
32375000 | shares | |
us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Concentration of Credit Risk and Financial Instruments</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company maintains reserves for estimated inherent credit losses, and such losses have been within management’s expectations. The large size and widespread nature of the Company’s customer base and the Company’s lack of dependence on any individual customer mitigates the risk of nonpayment of the Company’s accounts receivable. The carrying amount of the accounts receivable approximates the net realizable value. The carrying value of the accounts receivable, accounts payable, accrued expenses and long-term debt approximates fair value.</font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company holds cash at major financial institutions in amounts that often exceed Federal Deposit Insurance Corporation insured limits. The Company manages its credit risk associated with cash concentrations by concentrating its cash deposits in high quality financial institutions and by periodically evaluating the credit quality of the primary financial institutions holding such deposits. The carrying value of cash approximates fair value. Historically, the Company has not experienced any losses due to such cash concentrations. </font></div></div> | ||
us-gaap |
Nature Of Operations
NatureOfOperations
|
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">ORGANIZATION</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">CoStar Group, Inc. (the “Company” or “CoStar”) provides information, analytics and online marketplace services to the commercial real estate and related business community through its comprehensive, proprietary database of commercial real estate information covering the United States (“U.S.”), the United Kingdom (“U.K.”), and parts of Canada, Spain, Germany and France. The Company provides online marketplaces for commercial real estate, apartment rentals, lands for sale and businesses for sale. The Company operates within </font><font style="font-family:inherit;font-size:10pt;">two</font><font style="font-family:inherit;font-size:10pt;"> operating segments, North America and International, and its services are typically distributed to its clients under subscription-based license agreements that renew automatically, a majority of which have a term of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">one year</font><font style="font-family:inherit;font-size:10pt;">.</font></div></div> | ||
us-gaap |
Use Of Estimates
UseOfEstimates
|
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Use of Estimates</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. On an ongoing basis, the Company evaluates its estimates and assumptions, including those related to revenue recognition, allowance for doubtful accounts, credit reserves, useful lives of property and equipment and intangible assets, recoverability of long-lived assets and intangible assets with definite lives, goodwill, income taxes, fair value of equity instruments, fair value of auction rate securities ("ARS"), accounting for business combinations and contingencies, among others. The Company bases these estimates on historical and anticipated results, trends, and various other assumptions that it believes are reasonable, including assumptions as to future events. These estimates form the basis for making judgments about the carrying values of assets and liabilities and recorded revenues and expenses. Actual results could differ from these estimates.</font></div></div> |