2018 Q1 Form 10-K Financial Statement

#000105735219000017 Filed on February 28, 2019

View on sec.gov

Income Statement

Concept 2018 Q1 2017 Q4 2017 Q3
Revenue $273.7M $254.0M $247.5M
YoY Change 20.82% 16.34% 16.37%
Cost Of Revenue $62.48M $58.30M $55.48M
YoY Change 21.68% 26.71% 31.41%
Gross Profit $211.2M $195.7M $192.1M
YoY Change 20.57% 13.58% 12.65%
Gross Profit Margin 77.17% 77.05% 77.59%
Selling, General & Admin $129.1M $119.1M $108.7M
YoY Change 16.92% 18.63% 2.56%
% of Gross Profit 61.11% 60.86% 56.6%
Research & Development $22.91M $21.80M $21.54M
YoY Change 2.41% 9.55% 11.26%
% of Gross Profit 10.85% 11.14% 11.21%
Depreciation & Amortization $16.98M $15.30M $15.10M
YoY Change -1.82% -70.75% 122.25%
% of Gross Profit 8.04% 7.82% 7.86%
Operating Expenses $157.8M $144.9M $134.5M
YoY Change 14.72% 15.57% 2.78%
Operating Profit $53.45M $50.76M $57.51M
YoY Change 41.91% 8.25% 45.25%
Interest Expense $690.0K $734.0K $2.901M
YoY Change -74.31% -71.26% 16.13%
% of Operating Profit 1.29% 1.45% 5.04%
Other Income/Expense, Net -$500.0K -$700.0K -$2.200M
YoY Change -73.68% -56.25% 29.41%
Pretax Income $55.74M $48.69M $55.17M
YoY Change 57.44% 6.96% 47.34%
Income Tax $3.511M $4.487M $20.99M
% Of Pretax Income 6.3% 9.22% 38.05%
Net Earnings $52.23M $44.20M $34.18M
YoY Change 136.02% 49.47% 47.31%
Net Earnings / Revenue 19.08% 17.4% 13.81%
Basic Earnings Per Share $1.46 $1.24 $1.05
Diluted Earnings Per Share $1.44 $1.22 $1.04
COMMON SHARES
Basic Shares Outstanding 35.89M shares 36.15M shares 32.44M shares
Diluted Shares Outstanding 36.35M shares 32.81M shares

Balance Sheet

Concept 2018 Q1 2017 Q4 2017 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $931.4M $1.212B $623.0M
YoY Change 62.69% 113.59% 19.05%
Cash & Equivalents $931.4M $1.211B $623.0M
Short-Term Investments
Other Short-Term Assets $31.70M $15.60M $16.20M
YoY Change 164.17% 34.48% 38.46%
Inventory
Prepaid Expenses
Receivables $59.03M $60.90M $60.87M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.032B $1.288B $700.1M
YoY Change 62.73% 105.25% 19.99%
LONG-TERM ASSETS
Property, Plant & Equipment $83.40M $84.50M $84.33M
YoY Change -2.46% -3.51% -1.22%
Goodwill $1.551B $1.283B $1.283B
YoY Change 22.78% 2.28% 2.14%
Intangibles $313.9M $182.9M $191.2M
YoY Change 63.92% -6.67% -7.69%
Long-Term Investments $10.10M $10.10M $10.00M
YoY Change 1.0% 1.0% 1.01%
Other Assets $91.50M $11.60M $11.90M
YoY Change 763.21% 26.09% 14.42%
Total Long-Term Assets $2.063B $1.586B $1.581B
YoY Change 32.17% 1.79% 0.72%
TOTAL ASSETS
Total Short-Term Assets $1.032B $1.288B $700.1M
Total Long-Term Assets $2.063B $1.586B $1.581B
Total Assets $3.095B $2.873B $2.281B
YoY Change 41.0% 31.5% 5.95%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $7.845M $9.262M $11.32M
YoY Change -53.71% -19.31% 14.83%
Accrued Expenses $40.65M $22.19M $33.07M
YoY Change 25.83% -28.62% -0.54%
Deferred Revenue $43.97M $45.69M
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $36.91M
YoY Change -100.0% 69.12%
Total Short-Term Liabilities $165.6M $146.7M $176.6M
YoY Change 14.96% -5.34% 15.07%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $268.6M
YoY Change -100.0% -100.0% -14.92%
Other Long-Term Liabilities $63.00M $63.50M $50.90M
YoY Change 24.51% 24.51% -8.45%
Total Long-Term Liabilities $63.00M $0.00 $268.6M
YoY Change -78.8% -100.0% -14.92%
TOTAL LIABILITIES
Total Short-Term Liabilities $165.6M $146.7M $176.6M
Total Long-Term Liabilities $63.00M $0.00 $268.6M
Total Liabilities $294.1M $222.2M $518.2M
YoY Change -42.48% -58.14% -2.94%
SHAREHOLDERS EQUITY
Retained Earnings $375.1M $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 $2.801B $2.651B $1.762B
YoY Change
Total Liabilities & Shareholders Equity $3.095B $2.873B $2.281B
YoY Change 41.0% 31.5% 5.95%

Cashflow Statement

Concept 2018 Q1 2017 Q4 2017 Q3
OPERATING ACTIVITIES
Net Income $52.23M $44.20M $34.18M
YoY Change 136.02% 49.47% 47.31%
Depreciation, Depletion And Amortization $16.98M $15.30M $15.10M
YoY Change -1.82% -70.75% 122.25%
Cash From Operating Activities $72.99M $71.40M $67.90M
YoY Change 13.06% 25.48% 19.12%
INVESTING ACTIVITIES
Capital Expenditures -$8.600M -$4.700M -$7.100M
YoY Change 40.98% -33.8% 65.12%
Acquisitions $340.1M
YoY Change 2387.19%
Other Investing Activities -$340.1M $0.00 -$2.700M
YoY Change 2382.48% -100.0% -775.0%
Cash From Investing Activities -$348.7M -$4.800M -$9.800M
YoY Change 1659.38% -18.64% 151.28%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $834.0M
YoY Change
Debt Paid & Issued, Net $0.00
YoY Change -100.0%
Cash From Financing Activities -$4.776M 521.3M -100.0K
YoY Change -87.92% -9578.18% -102.0%
NET CHANGE
Cash From Operating Activities $72.99M 71.40M 67.90M
Cash From Investing Activities -$348.7M -4.800M -9.800M
Cash From Financing Activities -$4.776M 521.3M -100.0K
Net Change In Cash -$280.5M 587.9M 58.00M
YoY Change -5503.24% 1192.09% -0.17%
FREE CASH FLOW
Cash From Operating Activities $72.99M $71.40M $67.90M
Capital Expenditures -$8.600M -$4.700M -$7.100M
Free Cash Flow $81.59M $76.10M $75.00M
YoY Change 15.47% 18.91% 22.35%

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CY2018 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
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CY2017 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
42363000 USD
CY2018Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3511000 USD
CY2018Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1863000 USD
CY2018Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
14247000 USD
CY2018Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
26060000 USD
CY2018 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
45681000 USD
CY2016 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
-103000 USD
CY2017 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
3624000 USD
CY2018 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
1214000 USD
CY2016 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
283000 USD
CY2017 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
-7340000 USD
CY2016 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
47832000 USD
CY2017 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
57770000 USD
CY2018 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
59643000 USD
CY2016 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
1042000 USD
CY2017 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
1984000 USD
CY2018 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
2416000 USD
CY2016 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
3638000 USD
CY2017 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
4776000 USD
CY2018 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
10312000 USD
CY2016 us-gaap Income Tax Reconciliation Tax Credits Research
IncomeTaxReconciliationTaxCreditsResearch
920000 USD
CY2017 us-gaap Income Tax Reconciliation Tax Credits Research
IncomeTaxReconciliationTaxCreditsResearch
20547000 USD
CY2018 us-gaap Income Tax Reconciliation Tax Credits Research
IncomeTaxReconciliationTaxCreditsResearch
15373000 USD
CY2016 us-gaap Income Taxes Paid
IncomeTaxesPaid
34132000 USD
CY2017 us-gaap Income Taxes Paid
IncomeTaxesPaid
41283000 USD
CY2018 us-gaap Income Taxes Paid
IncomeTaxesPaid
35980000 USD
CY2017Q4 us-gaap Income Taxes Receivable Noncurrent
IncomeTaxesReceivableNoncurrent
12981000 USD
CY2018Q4 us-gaap Income Taxes Receivable Noncurrent
IncomeTaxesReceivableNoncurrent
14908000 USD
CY2016 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-1520000 USD
CY2017 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
11525000 USD
CY2018 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-14132000 USD
CY2016 us-gaap Increase Decrease In Accounts Receivable
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16044000 USD
CY2017 us-gaap Increase Decrease In Accounts Receivable
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17524000 USD
CY2018 us-gaap Increase Decrease In Accounts Receivable
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27819000 USD
CY2016 us-gaap Increase Decrease In Contract With Customer Asset
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2070000 USD
CY2017 us-gaap Increase Decrease In Contract With Customer Liability
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6004000 USD
CY2018 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
7879000 USD
CY2016 us-gaap Increase Decrease In Deposits
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758000 USD
CY2017 us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
39000 USD
CY2018 us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
212000 USD
CY2016 us-gaap Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
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2816000 USD
CY2017 us-gaap Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
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16937000 USD
CY2017Q2 us-gaap Interest Expense
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2693000 USD
CY2018 us-gaap Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
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9632000 USD
CY2016 us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
0 USD
CY2017 us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
12981000 USD
CY2018 us-gaap Increase Decrease In Income Taxes Receivable
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1927000 USD
CY2016 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
1157000 USD
CY2017 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
3672000 USD
CY2018 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
1651000 USD
CY2016 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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269000 shares
CY2017 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
359000 shares
CY2018 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
390000 shares
CY2017Q4 us-gaap Intangible Assets Net Excluding Goodwill
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CY2018Q4 us-gaap Intangible Assets Net Excluding Goodwill
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288911000 USD
CY2016 us-gaap Interest Expense
InterestExpense
10016000 USD
CY2017Q1 us-gaap Interest Expense
InterestExpense
2686000 USD
CY2017Q3 us-gaap Interest Expense
InterestExpense
2901000 USD
CY2017Q4 us-gaap Interest Expense
InterestExpense
734000 USD
CY2017 us-gaap Interest Expense
InterestExpense
9014000 USD
CY2018Q1 us-gaap Interest Expense
InterestExpense
690000 USD
CY2018Q2 us-gaap Interest Expense
InterestExpense
728000 USD
CY2018Q3 us-gaap Interest Expense
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717000 USD
CY2018Q4 us-gaap Interest Expense
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695000 USD
CY2018 us-gaap Interest Expense
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2830000 USD
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10000000 USD
CY2017 us-gaap Interest Expense Debt
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9000000 USD
CY2018 us-gaap Interest Expense Debt
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3000000 USD
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6712000 USD
CY2017 us-gaap Interest Paid Net
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6445000 USD
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1421000 USD
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222191000 USD
CY2018Q4 us-gaap Liabilities
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291015000 USD
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2873441000 USD
CY2018Q4 us-gaap Liabilities And Stockholders Equity
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3312957000 USD
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146666000 USD
CY2018Q4 us-gaap Liabilities Current
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154159000 USD
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0 USD
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10070000 USD
CY2018Q4 us-gaap Long Term Investments
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10070000 USD
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CY2017 us-gaap Net Cash Provided By Used In Financing Activities
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480430000 USD
CY2018 us-gaap Net Cash Provided By Used In Financing Activities
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200642000 USD
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234703000 USD
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335458000 USD
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85071000 USD
CY2017Q1 us-gaap Net Income Loss
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22130000 USD
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22184000 USD
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34177000 USD
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CY2017 us-gaap Net Income Loss
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122695000 USD
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52231000 USD
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43835000 USD
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CY2018 us-gaap Net Income Loss
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238334000 USD
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518911000 USD
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CY2017 us-gaap Operating Expenses
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571011000 USD
CY2018Q1 us-gaap Operating Expenses
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CY2018Q3 us-gaap Operating Expenses
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CY2018Q4 us-gaap Operating Expenses
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CY2018 us-gaap Operating Expenses
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CY2017Q1 us-gaap Operating Income Loss
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37662000 USD
CY2017Q2 us-gaap Operating Income Loss
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27883000 USD
CY2017Q3 us-gaap Operating Income Loss
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57513000 USD
CY2017Q4 us-gaap Operating Income Loss
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50758000 USD
CY2017 us-gaap Operating Income Loss
OperatingIncomeLoss
173816000 USD
CY2018Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
53445000 USD
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70688000 USD
CY2018Q4 us-gaap Operating Income Loss
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CY2018 us-gaap Operating Income Loss
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273564000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due
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169078000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Current
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30485000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
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24515000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
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25634000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
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27421000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
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29255000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
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31768000 USD
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22000000 USD
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26000000 USD
CY2017 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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3901000 USD
CY2018 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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-2668000 USD
CY2016 us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2018 us-gaap Operating Leases Rent Expense Net
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29000000 USD
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-5032000 USD
CY2017 us-gaap Other Comprehensive Income Loss Net Of Tax
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4019000 USD
CY2018 us-gaap Other Comprehensive Income Loss Net Of Tax
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-2668000 USD
CY2016 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
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800000 USD
CY2016 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
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808000 USD
CY2017 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
0 USD
CY2018 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
0 USD
CY2016 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
395000 USD
CY2017 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
118000 USD
CY2018 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
0 USD
CY2016 us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
24615000 USD
CY2017 us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
26252000 USD
CY2018 us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
26276000 USD
CY2017Q4 us-gaap Other Long Term Debt Noncurrent
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0 USD
CY2018Q4 us-gaap Other Long Term Debt Noncurrent
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4000000 USD
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1773000 USD
CY2017Q1 us-gaap Other Nonoperating Income
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429000 USD
CY2017Q2 us-gaap Other Nonoperating Income
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605000 USD
CY2017Q3 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
555000 USD
CY2017Q4 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
2455000 USD
CY2017 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
4044000 USD
CY2018Q1 us-gaap Other Nonoperating Income
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2987000 USD
CY2018Q2 us-gaap Other Nonoperating Income
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2652000 USD
CY2018Q3 us-gaap Other Nonoperating Income
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3035000 USD
CY2018Q4 us-gaap Other Nonoperating Income
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4607000 USD
CY2018 us-gaap Other Nonoperating Income
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13281000 USD
CY2016 us-gaap Other Significant Noncash Transaction Value Of Consideration Given1
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0 USD
CY2017 us-gaap Other Significant Noncash Transaction Value Of Consideration Given1
OtherSignificantNoncashTransactionValueOfConsiderationGiven1
0 USD
CY2018 us-gaap Other Significant Noncash Transaction Value Of Consideration Given1
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36366000 USD
CY2017Q4 us-gaap Payments For Underwriting Expense
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29000000 USD
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0 USD
CY2017 us-gaap Payments Of Debt Issuance Costs
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3467000 USD
CY2018 us-gaap Payments Of Debt Issuance Costs
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0 USD
CY2016 us-gaap Payments Related To Tax Withholding For Share Based Compensation
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16424000 USD
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14902000 USD
CY2018 us-gaap Payments Related To Tax Withholding For Share Based Compensation
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24327000 USD
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10443000 USD
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47768000 USD
CY2018 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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418369000 USD
CY2016 us-gaap Payments To Acquire Productive Assets
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18766000 USD
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24499000 USD
CY2018 us-gaap Payments To Acquire Productive Assets
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29632000 USD
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0.01
CY2018Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
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0.01
CY2017Q4 us-gaap Preferred Stock Shares Authorized
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2000000 shares
CY2018Q4 us-gaap Preferred Stock Shares Authorized
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2000000 shares
CY2018Q4 us-gaap Preferred Stock Shares Authorized
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2000000 shares
CY2017Q4 us-gaap Property Plant And Equipment Gross
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182891000 USD
CY2018Q4 us-gaap Property Plant And Equipment Gross
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193094000 USD
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84496000 USD
CY2017 us-gaap Proceeds From Issuance Of Common Stock
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833911000 USD
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0 USD
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5950000 USD
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0 USD
CY2018 us-gaap Proceeds From Sale Maturity And Collections Of Investments
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0 USD
CY2017Q4 us-gaap Preferred Stock Shares Outstanding
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0 shares
CY2018Q4 us-gaap Preferred Stock Shares Outstanding
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0 shares
CY2017Q4 us-gaap Preferred Stock Value
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0 USD
CY2018Q4 us-gaap Preferred Stock Value
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0 USD
CY2017Q4 us-gaap Prepaid Expense And Other Assets Current
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15572000 USD
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23690000 USD
CY2018Q1 us-gaap Prepaid Expense And Other Assets Current
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17439000 USD
CY2017Q4 us-gaap Proceeds From Issuance Of Common Stock
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834000000 USD
CY2016 us-gaap Proceeds From Issuance Of Common Stock
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0 USD
CY2018Q4 us-gaap Property Plant And Equipment Net
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83303000 USD
CY2016 us-gaap Provision For Doubtful Accounts
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7358000 USD
CY2017 us-gaap Provision For Doubtful Accounts
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5690000 USD
CY2018 us-gaap Provision For Doubtful Accounts
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6542000 USD
CY2017 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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0 USD
CY2018 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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0 USD
CY2016 us-gaap Repayments Of Long Term Debt
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20000000 USD
CY2017 us-gaap Repayments Of Long Term Debt
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345000000 USD
CY2018 us-gaap Repayments Of Long Term Debt
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0 USD
CY2016 us-gaap Research And Development Expense Software Excluding Acquired In Process Cost
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76400000 USD
CY2017 us-gaap Research And Development Expense Software Excluding Acquired In Process Cost
ResearchAndDevelopmentExpenseSoftwareExcludingAcquiredInProcessCost
88850000 USD
CY2018 us-gaap Research And Development Expense Software Excluding Acquired In Process Cost
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100937000 USD
CY2017Q4 us-gaap Retained Earnings Accumulated Deficit
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320656000 USD
CY2018Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
613454000 USD
CY2018Q1 us-gaap Retained Earnings Accumulated Deficit
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375120000 USD
CY2016 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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837630000 USD
CY2017Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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226553000 USD
CY2017Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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237153000 USD
CY2017Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
247533000 USD
CY2017Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
253991000 USD
CY2017 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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965230000 USD
CY2018Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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273718000 USD
CY2018Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
297018000 USD
CY2018Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
305525000 USD
CY2018Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
315571000 USD
CY2018 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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1191832000 USD
CY2018Q4 us-gaap Revenue Remaining Performance Obligation
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193000000 USD
CY2018Q4 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
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P3Y
CY2018 us-gaap Sales Commissions And Fees
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67715000 USD
CY2016 us-gaap Selling And Marketing Expense
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296483000 USD
CY2017 us-gaap Selling And Marketing Expense
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318362000 USD
CY2018 us-gaap Selling And Marketing Expense
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359858000 USD
CY2016 us-gaap Share Based Compensation
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36349000 USD
CY2017 us-gaap Share Based Compensation
ShareBasedCompensation
39030000 USD
CY2018 us-gaap Share Based Compensation
ShareBasedCompensation
41214000 USD
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Award Requisite Service Period1
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardRequisiteServicePeriod1
P3Y
CY2018 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
1500000 USD
CY2017Q4 us-gaap Shares Issued Price Per Share
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260.00
CY2017Q4 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
3300000 shares
CY2018 us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
36366000 USD
CY2016 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
2842000 USD
CY2017 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
3434000 USD
CY2018 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
5641000 USD
CY2017 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
833911000 USD
CY2016 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
0 USD
CY2017 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
0 USD
CY2018 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
0 USD
CY2016 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
36388000 USD
CY2017 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
38921000 USD
CY2018 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
40889000 USD
CY2016 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
3303000 USD
CY2017 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
6797000 USD
CY2018 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
21993000 USD
CY2015Q4 us-gaap Stockholders Equity
StockholdersEquity
1543780000 USD
CY2016Q4 us-gaap Stockholders Equity
StockholdersEquity
1654213000 USD
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
2651250000 USD
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
3021942000 USD
CY2017Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest Adjusted Balance1
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAdjustedBalance1
2705714000 USD
CY2015Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
7664000 USD
CY2016Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
1843000 USD
CY2017Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
14363000 USD
CY2018Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
22372000 USD
CY2016 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
6115000 USD
CY2017 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
34000 USD
CY2018 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
70000 USD
CY2016Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
133000 USD
CY2017Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
205000 USD
CY2018Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
430000 USD
CY2017 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
72000 USD
CY2018 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
224000 USD
CY2016 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
368000 USD
CY2017 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
12620000 USD
CY2018 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
9561000 USD
CY2018 us-gaap Valuation Allowances And Reserves Charged To Cost And Expense
ValuationAllowancesAndReservesChargedToCostAndExpense
6542000 USD
CY2016 us-gaap Valuation Allowances And Reserves Charged To Cost And Expense
ValuationAllowancesAndReservesChargedToCostAndExpense
7358000 USD
CY2017 us-gaap Valuation Allowances And Reserves Charged To Cost And Expense
ValuationAllowancesAndReservesChargedToCostAndExpense
5690000 USD
CY2016 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
74000 USD
CY2017 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
66000 USD
CY2018 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
1482000 USD
CY2017Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
14000000 USD
CY2018Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
22000000 USD
CY2017 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
-4000000 USD
CY2018 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
1000000 USD
CY2015Q4 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
7478000 USD
CY2016Q4 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
6344000 USD
CY2017Q4 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
6469000 USD
CY2018Q4 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
5709000 USD
CY2016 us-gaap Valuation Allowances And Reserves Deductions
ValuationAllowancesAndReservesDeductions
8492000 USD
CY2017 us-gaap Valuation Allowances And Reserves Deductions
ValuationAllowancesAndReservesDeductions
5565000 USD
CY2018 us-gaap Valuation Allowances And Reserves Deductions
ValuationAllowancesAndReservesDeductions
7302000 USD
CY2016 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
32436000 shares
CY2017 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
33559000 shares
CY2018 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
36448000 shares
CY2015 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
32167000 shares
CY2016 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
32167000 shares
CY2017 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
33200000 shares
CY2018 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
36058000 shares
CY2018 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 performs ongoing assessments of its customers&#8217; financial conditions and generally does not require that its customers&#8217; obligations to the Company be secured. The Company maintains reserves for doubtful accounts, which have historically been immaterial to the Company's consolidated financial statements. Further, the large size of the Company&#8217;s customer base creates a lack of dependence on any individual customer that mitigates the risk of nonpayment of the Company&#8217;s accounts receivable. No single customer accounted for more than 5% of the Company&#8217;s revenues for each of the years ended </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2018</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;">2017</font><font style="font-family:inherit;font-size:10pt;">, and </font><font style="font-family:inherit;font-size:10pt;">2016</font><font style="font-family:inherit;font-size:10pt;">. The carrying amount of the accounts receivable approximates the net realizable 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 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>
CY2018 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><font style="font-family:inherit;font-size:10pt;font-weight:bold;"> </font></div><div style="line-height:120%;text-align:left;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 &#8220;Company&#8221; or &#8220;CoStar&#8221;) 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 (&#8220;U.S.&#8221;), the United Kingdom (&#8220;U.K.&#8221;), 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;color:#000000;text-decoration:none;">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>
CY2018 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;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 U.S. generally accepted accounting principles (&#8220;GAAP&#8221;) 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, 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 (&#8220;ARS&#8221;), accounting for business combinations, stock-based compensation 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>

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0001057352-19-000017-index-headers.html Edgar Link pending
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0001057352-19-000017.txt Edgar Link pending
0001057352-19-000017-xbrl.zip Edgar Link pending
csgp-20181231.xml Edgar Link completed
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