2015 Q4 Form 10-Q Financial Statement
#000101628115000140 Filed on November 03, 2015
Income Statement
| Concept | 2015 Q4 | 2015 Q3 | 2014 Q3 |
|---|---|---|---|
| Revenue | $61.61M | $58.38M | $54.55M |
| YoY Change | 3.69% | 7.02% | 10.2% |
| Cost Of Revenue | $41.92M | $41.02M | $39.47M |
| YoY Change | 3.53% | 3.92% | 11.5% |
| Gross Profit | $19.69M | $17.36M | $15.08M |
| YoY Change | 4.02% | 15.14% | 6.93% |
| Gross Profit Margin | 31.96% | 29.74% | 27.64% |
| Selling, General & Admin | $6.820M | $6.240M | $6.560M |
| YoY Change | 10.53% | -4.88% | -4.51% |
| % of Gross Profit | 34.64% | 35.94% | 43.51% |
| Research & Development | |||
| YoY Change | |||
| % of Gross Profit | |||
| Depreciation & Amortization | $3.660M | $2.600M | $2.300M |
| YoY Change | 16.19% | 13.04% | 4.55% |
| % of Gross Profit | 18.59% | 14.98% | 15.26% |
| Operating Expenses | $7.260M | $6.656M | $6.903M |
| YoY Change | 11.52% | -3.58% | -10.57% |
| Operating Profit | $12.43M | $10.70M | $8.174M |
| YoY Change | 0.09% | 30.95% | 28.1% |
| Interest Expense | -$3.780M | $2.629M | $2.177M |
| YoY Change | 33.1% | 20.76% | -32.31% |
| % of Operating Profit | -30.41% | 24.56% | 26.63% |
| Other Income/Expense, Net | $0.00 | $0.00 | |
| YoY Change | |||
| Pretax Income | $8.660M | $7.251M | $5.215M |
| YoY Change | 2.49% | 39.04% | 64.77% |
| Income Tax | $3.220M | $2.807M | $2.390M |
| % Of Pretax Income | 37.18% | 38.71% | 45.83% |
| Net Earnings | $5.430M | $4.440M | $4.996M |
| YoY Change | 0.93% | -11.13% | -15.24% |
| Net Earnings / Revenue | 8.81% | 7.61% | 9.16% |
| Basic Earnings Per Share | $0.32 | $0.25 | $0.27 |
| Diluted Earnings Per Share | $0.31 | $0.24 | $0.26 |
| COMMON SHARES | |||
| Basic Shares Outstanding | 17.33M | 17.87M | 18.15M |
| Diluted Shares Outstanding | 18.08M | 18.28M |
Balance Sheet
| Concept | 2015 Q4 | 2015 Q3 | 2014 Q3 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $500.0K | $400.0K | $3.000M |
| YoY Change | 25.0% | -86.67% | 233.33% |
| Cash & Equivalents | $3.286M | $396.0K | $2.966M |
| Short-Term Investments | |||
| Other Short-Term Assets | $4.707M | $2.517M | $4.187M |
| YoY Change | -34.11% | -39.89% | 260.33% |
| Inventory | $5.654M | $5.947M | $5.460M |
| Prepaid Expenses | $4.684M | $3.709M | $3.939M |
| Receivables | $18.18M | $18.09M | $17.76M |
| Other Receivables | $0.00 | $0.00 | $0.00 |
| Total Short-Term Assets | $33.76M | $30.66M | $34.31M |
| YoY Change | -8.02% | -10.64% | 4.63% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $214.9M | $209.2M | $183.8M |
| YoY Change | 15.39% | 13.8% | 18.92% |
| Goodwill | $264.4M | $261.3M | $257.5M |
| YoY Change | 2.71% | 1.47% | 18.53% |
| Intangibles | |||
| YoY Change | |||
| Long-Term Investments | $192.0M | $196.4M | $221.8M |
| YoY Change | -12.01% | -11.45% | 9.91% |
| Other Assets | $8.856M | $220.0K | $340.0K |
| YoY Change | 15.61% | -35.29% | -95.93% |
| Total Long-Term Assets | $799.4M | $797.4M | $791.4M |
| YoY Change | 1.08% | 0.76% | 14.36% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $33.76M | $30.66M | $34.31M |
| Total Long-Term Assets | $799.4M | $797.4M | $791.4M |
| Total Assets | $833.1M | $828.1M | $825.7M |
| YoY Change | 0.68% | 0.29% | 13.92% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $7.917M | $10.22M | $7.831M |
| YoY Change | 22.33% | 30.53% | 112.97% |
| Accrued Expenses | $16.54M | $15.40M | $15.04M |
| YoY Change | 8.8% | 2.39% | 2.22% |
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Long-Term Debt Due | $12.01M | $11.25M | $9.681M |
| YoY Change | 24.74% | 16.21% | -22.5% |
| Total Short-Term Liabilities | $37.22M | $43.37M | $34.91M |
| YoY Change | 12.95% | 24.23% | -26.34% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $195.0M | $170.2M | $156.6M |
| YoY Change | 27.97% | 8.7% | 15.57% |
| Other Long-Term Liabilities | $5.531M | $4.041M | $1.490M |
| YoY Change | 130.36% | 171.21% | -99.49% |
| Total Long-Term Liabilities | $200.5M | $174.3M | $158.1M |
| YoY Change | 29.56% | 10.24% | 16.67% |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $37.22M | $43.37M | $34.91M |
| Total Long-Term Liabilities | $200.5M | $174.3M | $158.1M |
| Total Liabilities | $675.5M | $659.0M | $651.2M |
| YoY Change | 4.31% | 1.19% | 13.69% |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | $3.385M | -$2.049M | -$22.85M |
| YoY Change | -119.38% | -91.03% | -38.76% |
| Common Stock | $214.5M | $213.7M | $212.6M |
| YoY Change | 0.88% | 0.55% | 3.92% |
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | $60.27M | $42.59M | $15.27M |
| YoY Change | 294.75% | 178.96% | 0.0% |
| Treasury Stock Shares | $5.849M | $5.127M | $3.922M |
| Shareholders Equity | $157.6M | $169.1M | $174.5M |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $833.1M | $828.1M | $825.7M |
| YoY Change | 0.68% | 0.29% | 13.92% |
Cashflow Statement
| Concept | 2015 Q4 | 2015 Q3 | 2014 Q3 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | $5.430M | $4.440M | $4.996M |
| YoY Change | 0.93% | -11.13% | -15.24% |
| Depreciation, Depletion And Amortization | $3.660M | $2.600M | $2.300M |
| YoY Change | 16.19% | 13.04% | 4.55% |
| Cash From Operating Activities | $6.910M | $14.66M | $14.33M |
| YoY Change | -22.53% | 2.3% | 70.6% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | -$6.920M | -$7.530M | -$8.470M |
| YoY Change | 25.36% | -11.1% | 186.15% |
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | -$5.470M | $60.00K | -$270.0K |
| YoY Change | 619.74% | -122.22% | -104.83% |
| Cash From Investing Activities | -$12.39M | -$7.470M | -$8.740M |
| YoY Change | 97.29% | -14.53% | -433.59% |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | |||
| YoY Change | |||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | 5.620M | -7.350M | -3.360M |
| YoY Change | -208.29% | 118.75% | -71.21% |
| NET CHANGE | |||
| Cash From Operating Activities | 6.910M | 14.66M | 14.33M |
| Cash From Investing Activities | -12.39M | -7.470M | -8.740M |
| Cash From Financing Activities | 5.620M | -7.350M | -3.360M |
| Net Change In Cash | 140.0K | -160.0K | 2.230M |
| YoY Change | -105.49% | -107.17% | -443.08% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | $6.910M | $14.66M | $14.33M |
| Capital Expenditures | -$6.920M | -$7.530M | -$8.470M |
| Free Cash Flow | $13.83M | $22.19M | $22.80M |
| YoY Change | -4.22% | -2.68% | 100.7% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| csv |
Accounts Receivable Allowance Percentage On Contracts Past Due120 Days Or More
AccountsReceivableAllowancePercentageOnContractsPastDue120DaysOrMore
|
1 | ||
| CY2014Q4 | csv |
Allowancefor Doubtful Accounts Receivable Preneed Trusts Noncurrent
AllowanceforDoubtfulAccountsReceivablePreneedTrustsNoncurrent
|
396000 | USD |
| CY2015Q3 | csv |
Allowancefor Doubtful Accounts Receivable Preneed Trusts Noncurrent
AllowanceforDoubtfulAccountsReceivablePreneedTrustsNoncurrent
|
416000 | USD |
| CY2015Q3 | csv |
Amount Of Receivables For Preneed Cemetery Interment Rights And Related Products And Services Presented In Preneed Receivables
AmountOfReceivablesForPreneedCemeteryIntermentRightsAndRelatedProductsAndServicesPresentedInPreneedReceivables
|
23900000 | USD |
| CY2015Q3 | csv |
Balance Of Receivables For Preneed Cemetery Interment Related Products And Services
BalanceOfReceivablesForPreneedCemeteryIntermentRelatedProductsAndServices
|
9500000 | USD |
| CY2015Q3 | csv |
Balance Of Receivables For Preneed Cemetery Interment Rights
BalanceOfReceivablesForPreneedCemeteryIntermentRights
|
25500000 | USD |
| CY2014Q4 | csv |
Care Trusts Corpus
CareTrustsCorpus
|
48142000 | USD |
| CY2015Q3 | csv |
Care Trusts Corpus
CareTrustsCorpus
|
43846000 | USD |
| csv |
Repurchase Of Convertible Junior Subordinated Debentures
RepurchaseOfConvertibleJuniorSubordinatedDebentures
|
0 | USD | |
| us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
1589000 | USD | |
| csv |
Number Of Days Past Due Contractual Payments Are When They Are Provided For With One Hundred Percent Allowance In Days
NumberOfDaysPastDueContractualPaymentsAreWhenTheyAreProvidedForWithOneHundredPercentAllowanceInDays
|
P90D | ||
| us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
-17000 | USD | |
| us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
240000 | ||
| us-gaap |
Interest Expense
InterestExpense
|
7707000 | USD | |
| CY2014Q4 | csv |
Cemetery Perpetual Care Trust Investments
CemeteryPerpetualCareTrustInvestments
|
48670000 | USD |
| CY2015Q3 | csv |
Cemetery Perpetual Care Trust Investments
CemeteryPerpetualCareTrustInvestments
|
44146000 | USD |
| CY2014Q4 | csv |
Cemetery Property
CemeteryProperty
|
75564000 | USD |
| CY2015Q3 | csv |
Cemetery Property
CemeteryProperty
|
75577000 | USD |
| CY2014Q4 | csv |
Cemetery Property Accumulated Amortization
CemeteryPropertyAccumulatedAmortization
|
26875000 | USD |
| CY2015Q3 | csv |
Cemetery Property Accumulated Amortization
CemeteryPropertyAccumulatedAmortization
|
29355000 | USD |
| csv |
Controlling Financial Interest
ControllingFinancialInterest
|
less than 50% | ||
| CY2014Q4 | csv |
Deferred Preneed Cemetery Receipts Held In Trust
DeferredPreneedCemeteryReceiptsHeldInTrust
|
71972000 | USD |
| CY2015Q3 | csv |
Deferred Preneed Cemetery Receipts Held In Trust
DeferredPreneedCemeteryReceiptsHeldInTrust
|
64737000 | USD |
| CY2014Q4 | csv |
Deferred Preneed Cemetery Revenue
DeferredPreneedCemeteryRevenue
|
56875000 | USD |
| CY2015Q3 | csv |
Deferred Preneed Cemetery Revenue
DeferredPreneedCemeteryRevenue
|
56786000 | USD |
| CY2014Q4 | csv |
Deferred Preneed Funeral Receipts Held In Trust
DeferredPreneedFuneralReceiptsHeldInTrust
|
97607000 | USD |
| CY2015Q3 | csv |
Deferred Preneed Funeral Receipts Held In Trust
DeferredPreneedFuneralReceiptsHeldInTrust
|
87491000 | USD |
| CY2014Q4 | csv |
Deferred Preneed Funeral Revenue
DeferredPreneedFuneralRevenue
|
31265000 | USD |
| CY2015Q3 | csv |
Deferred Preneed Funeral Revenue
DeferredPreneedFuneralRevenue
|
31786000 | USD |
| CY2015Q3 | csv |
Director Compensation Annual Equity Retainer
DirectorCompensationAnnualEquityRetainer
|
100000 | USD |
| CY2014Q3 | csv |
Directors Compensation Expense
DirectorsCompensationExpense
|
46000 | USD |
| csv |
Directors Compensation Expense
DirectorsCompensationExpense
|
695000 | USD | |
| CY2015Q3 | csv |
Directors Compensation Expense
DirectorsCompensationExpense
|
148000 | USD |
| csv |
Directors Compensation Expense
DirectorsCompensationExpense
|
554000 | USD | |
| csv |
Fair Value Measurements Transfers Between Level1 And Level2
FairValueMeasurementsTransfersBetweenLevel1AndLevel2
|
0 | USD | |
| CY2015Q3 | csv |
Financing Receivables Total
FinancingReceivablesTotal
|
34964000 | USD |
| CY2014Q3 | csv |
Gain Loss On Repurchase Of Convertible Junior Subordinated Debentures
GainLossOnRepurchaseOfConvertibleJuniorSubordinatedDebentures
|
0 | USD |
| csv |
Gain Loss On Repurchase Of Convertible Junior Subordinated Debentures
GainLossOnRepurchaseOfConvertibleJuniorSubordinatedDebentures
|
-3779000 | USD | |
| CY2015Q3 | csv |
Gain Loss On Repurchase Of Convertible Junior Subordinated Debentures
GainLossOnRepurchaseOfConvertibleJuniorSubordinatedDebentures
|
0 | USD |
| csv |
Gain Loss On Repurchase Of Convertible Junior Subordinated Debentures
GainLossOnRepurchaseOfConvertibleJuniorSubordinatedDebentures
|
0 | USD | |
| csv |
Gain Loss On Repurchase Of Convertible Junior Subordinated Debentures Less Premium Paid
GainLossOnRepurchaseOfConvertibleJuniorSubordinatedDebenturesLessPremiumPaid
|
-2932000 | USD | |
| csv |
Gain Loss On Repurchase Of Convertible Junior Subordinated Debentures Less Premium Paid
GainLossOnRepurchaseOfConvertibleJuniorSubordinatedDebenturesLessPremiumPaid
|
0 | USD | |
| CY2014Q3 | csv |
Gains Losses On Extinguishment Of Debt And Other Costs
GainsLossesOnExtinguishmentOfDebtAndOtherCosts
|
0 | USD |
| csv |
Gains Losses On Extinguishment Of Debt And Other Costs
GainsLossesOnExtinguishmentOfDebtAndOtherCosts
|
-1042000 | USD | |
| CY2015Q3 | csv |
Gains Losses On Extinguishment Of Debt And Other Costs
GainsLossesOnExtinguishmentOfDebtAndOtherCosts
|
0 | USD |
| csv |
Gains Losses On Extinguishment Of Debt And Other Costs
GainsLossesOnExtinguishmentOfDebtAndOtherCosts
|
0 | USD | |
| CY2014Q3 | csv |
Income Loss Allocatedto Unvested Restricted Stock Continuing Operations
IncomeLossAllocatedtoUnvestedRestrictedStockContinuingOperations
|
-84000 | USD |
| csv |
Income Loss Allocatedto Unvested Restricted Stock Continuing Operations
IncomeLossAllocatedtoUnvestedRestrictedStockContinuingOperations
|
-198000 | USD | |
| CY2015Q3 | csv |
Income Loss Allocatedto Unvested Restricted Stock Continuing Operations
IncomeLossAllocatedtoUnvestedRestrictedStockContinuingOperations
|
-51000 | USD |
| csv |
Income Loss Allocatedto Unvested Restricted Stock Continuing Operations
IncomeLossAllocatedtoUnvestedRestrictedStockContinuingOperations
|
-194000 | USD | |
| CY2014Q3 | csv |
Income Loss Allocatedto Unvested Restricted Stock Discontinued Operations
IncomeLossAllocatedtoUnvestedRestrictedStockDiscontinuedOperations
|
-8000 | USD |
| csv |
Income Loss Allocatedto Unvested Restricted Stock Discontinued Operations
IncomeLossAllocatedtoUnvestedRestrictedStockDiscontinuedOperations
|
-8000 | USD | |
| CY2015Q3 | csv |
Income Loss Allocatedto Unvested Restricted Stock Discontinued Operations
IncomeLossAllocatedtoUnvestedRestrictedStockDiscontinuedOperations
|
0 | USD |
| csv |
Income Loss Allocatedto Unvested Restricted Stock Discontinued Operations
IncomeLossAllocatedtoUnvestedRestrictedStockDiscontinuedOperations
|
0 | USD | |
| CY2014Q3 | csv |
Income Loss Attributableto Continuing Operations Basic Eps
IncomeLossAttributabletoContinuingOperationsBasicEPS
|
4481000 | USD |
| csv |
Income Loss Attributableto Continuing Operations Basic Eps
IncomeLossAttributabletoContinuingOperationsBasicEPS
|
9882000 | USD | |
| CY2015Q3 | csv |
Income Loss Attributableto Continuing Operations Basic Eps
IncomeLossAttributabletoContinuingOperationsBasicEPS
|
4393000 | USD |
| csv |
Income Loss Attributableto Continuing Operations Basic Eps
IncomeLossAttributabletoContinuingOperationsBasicEPS
|
15225000 | USD | |
| CY2014Q3 | csv |
Income Loss Attributableto Discontinued Operations
IncomeLossAttributabletoDiscontinuedOperations
|
423000 | USD |
| csv |
Income Loss Attributableto Discontinued Operations
IncomeLossAttributabletoDiscontinuedOperations
|
373000 | USD | |
| CY2015Q3 | csv |
Income Loss Attributableto Discontinued Operations
IncomeLossAttributabletoDiscontinuedOperations
|
0 | USD |
| csv |
Income Loss Attributableto Discontinued Operations
IncomeLossAttributabletoDiscontinuedOperations
|
0 | USD | |
| CY2014Q3 | csv |
Income Tax Expense Benefit Net Of Uncertain Tax Positions
IncomeTaxExpenseBenefitNetOfUncertainTaxPositions
|
650000 | USD |
| csv |
Income Tax Expense Benefit Net Of Uncertain Tax Positions
IncomeTaxExpenseBenefitNetOfUncertainTaxPositions
|
4175000 | USD | |
| CY2015Q3 | csv |
Income Tax Expense Benefit Net Of Uncertain Tax Positions
IncomeTaxExpenseBenefitNetOfUncertainTaxPositions
|
2807000 | USD |
| csv |
Income Tax Expense Benefit Net Of Uncertain Tax Positions
IncomeTaxExpenseBenefitNetOfUncertainTaxPositions
|
10515000 | USD | |
| CY2014Q3 | csv |
Income Tax Expense Benefit Uncertain Tax Positions
IncomeTaxExpenseBenefitUncertainTaxPositions
|
-1740000 | USD |
| csv |
Income Tax Expense Benefit Uncertain Tax Positions
IncomeTaxExpenseBenefitUncertainTaxPositions
|
-1740000 | USD | |
| CY2015Q3 | csv |
Income Tax Expense Benefit Uncertain Tax Positions
IncomeTaxExpenseBenefitUncertainTaxPositions
|
0 | USD |
| csv |
Income Tax Expense Benefit Uncertain Tax Positions
IncomeTaxExpenseBenefitUncertainTaxPositions
|
0 | USD | |
| csv |
Increase Decrease In Deferred Preneed Funeral And Cemetery Receipts Held In Trust
IncreaseDecreaseInDeferredPreneedFuneralAndCemeteryReceiptsHeldInTrust
|
2595000 | USD | |
| csv |
Increase Decrease In Deferred Preneed Funeral And Cemetery Receipts Held In Trust
IncreaseDecreaseInDeferredPreneedFuneralAndCemeteryReceiptsHeldInTrust
|
-21647000 | USD | |
| csv |
Increase Decrease In Deferred Preneed Funeral And Cemetery Revenue
IncreaseDecreaseInDeferredPreneedFuneralAndCemeteryRevenue
|
335000 | USD | |
| csv |
Increase Decrease In Deferred Preneed Funeral And Cemetery Revenue
IncreaseDecreaseInDeferredPreneedFuneralAndCemeteryRevenue
|
432000 | USD | |
| csv |
Increase Decrease In Preneed Funeral And Cemetery Trust Investments
IncreaseDecreaseInPreneedFuneralAndCemeteryTrustInvestments
|
3228000 | USD | |
| csv |
Increase Decrease In Preneed Funeral And Cemetery Trust Investments
IncreaseDecreaseInPreneedFuneralAndCemeteryTrustInvestments
|
-21234000 | USD | |
| CY2015Q3 | csv |
Line Of Credit Facility Accordion Provision
LineOfCreditFacilityAccordionProvision
|
50000000 | USD |
| csv |
Maximum Term Of Installment Sales Contracts For Cemetery Interment Rights
MaximumTermOfInstallmentSalesContractsForCemeteryIntermentRights
|
P5Y | ||
| CY2015Q3 | csv |
Numberof Divestitures
NumberofDivestitures
|
0 | divestiture |
| csv |
Other Comprehensive Income Loss Reclassification Unrealized Gain Loss On Deferred Preneed Funeral And Cemetery Receipts Held In Trust
OtherComprehensiveIncomeLossReclassificationUnrealizedGainLossOnDeferredPreneedFuneralAndCemeteryReceiptsHeldInTrust
|
25287000 | USD | |
| csv |
Past Due Notifications Start
PastDueNotificationsStart
|
P15D | ||
| csv |
Payments Relatedto Sharebased Awards
PaymentsRelatedtoSharebasedAwards
|
16150000 | USD | |
| csv |
Payments Relatedto Sharebased Awards
PaymentsRelatedtoSharebasedAwards
|
0 | USD | |
| CY2015Q3 | csv |
Percent Of Total Receivables Past Due120 Days Or More
PercentOfTotalReceivablesPastDue120DaysOrMore
|
0.048 | |
| csv |
Period After Which Commissions Are No Longer Subject To Refund
PeriodAfterWhichCommissionsAreNoLongerSubjectToRefund
|
P1Y | ||
| CY2014Q4 | csv |
Preneed Cemetery Trust Investments
PreneedCemeteryTrustInvestments
|
71972000 | USD |
| CY2015Q3 | csv |
Preneed Cemetery Trust Investments
PreneedCemeteryTrustInvestments
|
64737000 | USD |
| CY2014Q4 | csv |
Preneed Funeral Trust Funds Allowance For Contract Cancellation
PreneedFuneralTrustFundsAllowanceForContractCancellation
|
396000 | USD |
| CY2015Q3 | csv |
Preneed Funeral Trust Funds Allowance For Contract Cancellation
PreneedFuneralTrustFundsAllowanceForContractCancellation
|
416000 | USD |
| CY2014Q4 | csv |
Preneed Funeral Trust Investments
PreneedFuneralTrustInvestments
|
97607000 | USD |
| CY2015Q3 | csv |
Preneed Funeral Trust Investments
PreneedFuneralTrustInvestments
|
87491000 | USD |
| CY2014Q4 | csv |
Preneed Receivables Net Of Allowance For Bad Debts
PreneedReceivablesNetOfAllowanceForBadDebts
|
26284000 | USD |
| CY2015Q3 | csv |
Preneed Receivables Net Of Allowance For Bad Debts
PreneedReceivablesNetOfAllowanceForBadDebts
|
26902000 | USD |
| csv |
Purchaseof Landand Buildings Previously Leased
PurchaseofLandandBuildingsPreviouslyLeased
|
7600000 | USD | |
| csv |
Purchaseof Landand Buildings Previously Leased
PurchaseofLandandBuildingsPreviouslyLeased
|
6080000 | USD | |
| CY2015Q3 | csv |
Receivables For Preneed Cemetery Interment Rights And Related Products And Services Presented In Accounts Receivables
ReceivablesForPreneedCemeteryIntermentRightsAndRelatedProductsAndServicesPresentedInAccountsReceivables
|
11100000 | USD |
| CY2014Q4 | csv |
Receivables From Preneed Funeral Trusts
ReceivablesFromPreneedFuneralTrusts
|
12809000 | USD |
| CY2015Q3 | csv |
Receivables From Preneed Funeral Trusts
ReceivablesFromPreneedFuneralTrusts
|
13450000 | USD |
| CY2014Q4 | csv |
Receivables From Preneed Funeral Trusts Gross
ReceivablesFromPreneedFuneralTrustsGross
|
13205000 | USD |
| CY2015Q3 | csv |
Receivables From Preneed Funeral Trusts Gross
ReceivablesFromPreneedFuneralTrustsGross
|
13866000 | USD |
| CY2014Q3 | csv |
Regional And Unallocated Funeral And Cemetery Costs
RegionalAndUnallocatedFuneralAndCemeteryCosts
|
2900000 | USD |
| csv |
Regional And Unallocated Funeral And Cemetery Costs
RegionalAndUnallocatedFuneralAndCemeteryCosts
|
6972000 | USD | |
| CY2015Q3 | csv |
Regional And Unallocated Funeral And Cemetery Costs
RegionalAndUnallocatedFuneralAndCemeteryCosts
|
2909000 | USD |
| csv |
Regional And Unallocated Funeral And Cemetery Costs
RegionalAndUnallocatedFuneralAndCemeteryCosts
|
7745000 | USD | |
| csv |
Repurchase Of Convertible Junior Subordinated Debentures
RepurchaseOfConvertibleJuniorSubordinatedDebentures
|
89748000 | USD | |
| CY2015Q3 | csv |
Stock Repurchase Program Additional Authorized Amount
StockRepurchaseProgramAdditionalAuthorizedAmount
|
20000000.0 | USD |
| dei |
Amendment Flag
AmendmentFlag
|
false | ||
| dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | ||
| dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q3 | ||
| dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2015 | ||
| dei |
Document Period End Date
DocumentPeriodEndDate
|
2015-09-30 | ||
| dei |
Document Type
DocumentType
|
10-Q | ||
| dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001016281 | ||
| CY2015Q4 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
17331814 | |
| dei |
Entity Filer Category
EntityFilerCategory
|
Accelerated Filer | ||
| dei |
Entity Registrant Name
EntityRegistrantName
|
CARRIAGE SERVICES INC | ||
| CY2014Q4 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
6472000 | USD |
| CY2015Q3 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
10222000 | USD |
| CY2014Q4 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
19264000 | USD |
| CY2015Q3 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
18093000 | USD |
| us-gaap |
Accretion Expense
AccretionExpense
|
1647000 | USD | |
| us-gaap |
Accretion Expense
AccretionExpense
|
2554000 | USD | |
| CY2014Q4 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
15203000 | USD |
| CY2015Q3 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
15397000 | USD |
| CY2014Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
95249000 | USD |
| CY2015Q3 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
100857000 | USD |
| CY2014Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
0 | USD |
| CY2015Q3 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
0 | USD |
| CY2014Q4 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
212386000 | USD |
| CY2015Q3 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
213506000 | USD |
| CY2014Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
1127000 | USD |
| CY2015Q3 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
986000 | USD |
| CY2014Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable Noncurrent
AllowanceForDoubtfulAccountsReceivableNoncurrent
|
2339000 | USD |
| CY2015Q3 | us-gaap |
Allowance For Doubtful Accounts Receivable Noncurrent
AllowanceForDoubtfulAccountsReceivableNoncurrent
|
1967000 | USD |
| CY2014Q3 | us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
782000 | USD |
| us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
1647000 | USD | |
| CY2015Q3 | us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
876000 | USD |
| us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
2554000 | USD | |
| us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
681000 | USD | |
| us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
688000 | USD | |
| CY2014Q3 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
710700 | |
| us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
710700 | ||
| CY2015Q3 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
584000 | |
| us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
584000 | ||
| CY2014Q4 | us-gaap |
Assets
Assets
|
827528000 | USD |
| CY2015Q3 | us-gaap |
Assets
Assets
|
828077000 | USD |
| CY2014Q4 | us-gaap |
Assets Current
AssetsCurrent
|
36705000 | USD |
| CY2015Q3 | us-gaap |
Assets Current
AssetsCurrent
|
30662000 | USD |
| CY2014Q4 | us-gaap |
Capital Lease Obligations Noncurrent
CapitalLeaseObligationsNoncurrent
|
3098000 | USD |
| CY2015Q3 | us-gaap |
Capital Lease Obligations Noncurrent
CapitalLeaseObligationsNoncurrent
|
2933000 | USD |
| CY2011Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
1377000 | USD |
| CY2012Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
2966000 | USD |
| CY2014Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
413000 | USD |
| CY2015Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
396000 | USD |
| CY2014Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
| CY2015Q3 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
| CY2014Q3 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.025 | |
| us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.075 | ||
| CY2015Q3 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.025 | |
| us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.075 | ||
| CY2014Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.01 | |
| CY2015Q3 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.01 | |
| CY2014Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
80000000 | |
| CY2015Q3 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
80000000 | |
| CY2014Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
22434609 | |
| CY2015Q3 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
22458450 | |
| CY2014Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
224000 | USD |
| CY2015Q3 | us-gaap |
Common Stock Value
CommonStockValue
|
225000 | USD |
| CY2014Q4 | us-gaap |
Convertible Long Term Notes Payable
ConvertibleLongTermNotesPayable
|
114542000 | USD |
| CY2015Q3 | us-gaap |
Convertible Long Term Notes Payable
ConvertibleLongTermNotesPayable
|
117096000 | USD |
| CY2014Q3 | us-gaap |
Cost Of Goods And Services Sold Depreciation And Amortization
CostOfGoodsAndServicesSoldDepreciationAndAmortization
|
2654000 | USD |
| us-gaap |
Cost Of Goods And Services Sold Depreciation And Amortization
CostOfGoodsAndServicesSoldDepreciationAndAmortization
|
7744000 | USD | |
| CY2015Q3 | us-gaap |
Cost Of Goods And Services Sold Depreciation And Amortization
CostOfGoodsAndServicesSoldDepreciationAndAmortization
|
3019000 | USD |
| us-gaap |
Cost Of Goods And Services Sold Depreciation And Amortization
CostOfGoodsAndServicesSoldDepreciationAndAmortization
|
8814000 | USD | |
| CY2014Q3 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
39472000 | USD |
| us-gaap |
Cost Of Revenue
CostOfRevenue
|
115624000 | USD | |
| CY2015Q3 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
41018000 | USD |
| us-gaap |
Cost Of Revenue
CostOfRevenue
|
123075000 | USD | |
| CY2014Q4 | us-gaap |
Deferred Costs And Other Assets
DeferredCostsAndOtherAssets
|
14264000 | USD |
| CY2015Q3 | us-gaap |
Deferred Costs And Other Assets
DeferredCostsAndOtherAssets
|
14670000 | USD |
| CY2014Q4 | us-gaap |
Deferred Discounts Finance Charges And Interest Included In Receivables
DeferredDiscountsFinanceChargesAndInterestIncludedInReceivables
|
4600000 | USD |
| CY2015Q3 | us-gaap |
Deferred Discounts Finance Charges And Interest Included In Receivables
DeferredDiscountsFinanceChargesAndInterestIncludedInReceivables
|
4900000 | USD |
| us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-140000 | USD | |
| us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
2065000 | USD | |
| CY2014Q4 | us-gaap |
Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
|
36414000 | USD |
| CY2015Q3 | us-gaap |
Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
|
36653000 | USD |
| CY2014Q3 | us-gaap |
Depreciation
Depreciation
|
2300000 | USD |
| us-gaap |
Depreciation
Depreciation
|
6800000 | USD | |
| CY2015Q3 | us-gaap |
Depreciation
Depreciation
|
2600000 | USD |
| us-gaap |
Depreciation
Depreciation
|
7600000 | USD | |
| CY2014Q3 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
341000 | USD |
| us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
1037000 | USD | |
| CY2015Q3 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
418000 | USD |
| us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
1310000 | USD | |
| us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
8801000 | USD | |
| us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
10124000 | USD | |
| CY2014Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.27 | |
| us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.57 | ||
| CY2015Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.24 | |
| us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.84 | ||
| CY2014Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.26 | |
| us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.56 | ||
| CY2015Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.24 | |
| us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.82 | ||
| us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
|
P2Y4M24D | ||
| us-gaap |
Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
|
4594000 | USD | |
| us-gaap |
Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
|
57000 | USD | |
| CY2015Q3 | us-gaap |
Financing Receivable Recorded Investment Current
FinancingReceivableRecordedInvestmentCurrent
|
32030000 | USD |
| CY2015Q3 | us-gaap |
Financing Receivable Recorded Investment Past Due
FinancingReceivableRecordedInvestmentPastDue
|
2934000 | USD |
| us-gaap |
Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
|
2724000 | USD | |
| us-gaap |
Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
|
49000 | USD | |
| CY2014Q3 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
6562000 | USD |
| us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
22744000 | USD | |
| CY2015Q3 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
6238000 | USD |
| us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
20294000 | USD | |
| CY2014Q4 | us-gaap |
Goodwill
Goodwill
|
257442000 | USD |
| CY2015Q3 | us-gaap |
Goodwill
Goodwill
|
261291000 | USD |
| us-gaap |
Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
|
3849000 | USD | |
| us-gaap |
Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
|
1180000 | USD | |
| us-gaap |
Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
|
0 | USD | |
| CY2014Q3 | us-gaap |
Gross Profit
GrossProfit
|
15077000 | USD |
| us-gaap |
Gross Profit
GrossProfit
|
51081000 | USD | |
| CY2015Q3 | us-gaap |
Gross Profit
GrossProfit
|
17360000 | USD |
| us-gaap |
Gross Profit
GrossProfit
|
57817000 | USD | |
| CY2014Q3 | us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
4565000 | USD |
| us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
10080000 | USD | |
| CY2015Q3 | us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
4444000 | USD |
| us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
15419000 | USD | |
| CY2014Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
5215000 | USD |
| us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
14255000 | USD | |
| CY2015Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
7251000 | USD |
| us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
25934000 | USD | |
| CY2014Q3 | us-gaap |
Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
|
0.25 | |
| us-gaap |
Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
|
0.55 | ||
| CY2015Q3 | us-gaap |
Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
|
0.24 | |
| us-gaap |
Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
|
0.84 | ||
| CY2014Q3 | us-gaap |
Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
|
0.24 | |
| us-gaap |
Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
|
0.54 | ||
| CY2015Q3 | us-gaap |
Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
|
0.24 | |
| us-gaap |
Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
|
0.82 | ||
| CY2014Q3 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
|
431000 | USD |
| us-gaap |
Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
|
381000 | USD | |
| CY2015Q3 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
|
0 | USD |
| us-gaap |
Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
|
0 | USD | |
| CY2014Q3 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
|
0.02 | |
| us-gaap |
Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
|
0.02 | ||
| CY2015Q3 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
|
0.00 | |
| us-gaap |
Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
|
0.00 | ||
| CY2014Q3 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
|
0.02 | |
| us-gaap |
Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
|
0.02 | ||
| CY2015Q3 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
|
0.00 | |
| us-gaap |
Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
|
0.00 | ||
| CY2014Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
2390000 | USD |
| us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
5915000 | USD | |
| CY2015Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
2807000 | USD |
| us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
10515000 | USD | |
| us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
785000 | USD | |
| us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
368000 | USD | |
| us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-1362000 | USD | |
| us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
4408000 | USD | |
| us-gaap |
Increase Decrease In Inventories And Other Operating Assets
IncreaseDecreaseInInventoriesAndOtherOperatingAssets
|
-725000 | USD | |
| us-gaap |
Increase Decrease In Inventories And Other Operating Assets
IncreaseDecreaseInInventoriesAndOtherOperatingAssets
|
-3277000 | USD | |
| us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
196000 | USD | |
| us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-114000 | USD | |
| us-gaap |
Increase Decrease In Receivables
IncreaseDecreaseInReceivables
|
1700000 | USD | |
| us-gaap |
Increase Decrease In Receivables
IncreaseDecreaseInReceivables
|
779000 | USD | |
| CY2014Q3 | us-gaap |
Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
|
0 | |
| us-gaap |
Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
|
0 | ||
| CY2015Q3 | us-gaap |
Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
|
0 | |
| us-gaap |
Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
|
233000 | ||
| CY2014Q3 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
126000 | |
| us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
137000 | ||
| CY2015Q3 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
209000 | |
| CY2014Q3 | us-gaap |
Interest Expense
InterestExpense
|
2177000 | USD |
| CY2015Q3 | us-gaap |
Interest Expense
InterestExpense
|
2577000 | USD |
| us-gaap |
Interest Expense
InterestExpense
|
7725000 | USD | |
| CY2014Q4 | us-gaap |
Inventory Net
InventoryNet
|
5294000 | USD |
| CY2015Q3 | us-gaap |
Inventory Net
InventoryNet
|
5947000 | USD |
| CY2014Q4 | us-gaap |
Liabilities
Liabilities
|
647653000 | USD |
| CY2015Q3 | us-gaap |
Liabilities
Liabilities
|
658984000 | USD |
| CY2014Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
827528000 | USD |
| CY2015Q3 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
828077000 | USD |
| CY2014Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
32950000 | USD |
| CY2015Q3 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
43373000 | USD |
| CY2015Q3 | us-gaap |
Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
|
0 | USD |
| CY2015Q3 | us-gaap |
Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
|
325000000 | USD |
| CY2014Q4 | us-gaap |
Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
|
9838000 | USD |
| CY2015Q3 | us-gaap |
Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
|
11468000 | USD |
| CY2014Q4 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
9630000 | USD |
| CY2015Q3 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
11250000 | USD |
| CY2014Q4 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
152387000 | USD |
| CY2015Q3 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
170242000 | USD |
| CY2014Q4 | us-gaap |
Long Term Line Of Credit
LongTermLineOfCredit
|
40500000 | USD |
| CY2015Q3 | us-gaap |
Long Term Line Of Credit
LongTermLineOfCredit
|
63000000 | USD |
| us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
47021000 | USD | |
| us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-9917000 | USD | |
| us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-73081000 | USD | |
| us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-33088000 | USD | |
| us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
27649000 | USD | |
| us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
42988000 | USD | |
| us-gaap |
Net Income Loss
NetIncomeLoss
|
10461000 | USD | |
| us-gaap |
Net Income Loss
NetIncomeLoss
|
15419000 | USD | |
| CY2014Q3 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
4996000 | USD |
| us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
10461000 | USD | |
| CY2015Q3 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
4444000 | USD |
| us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
15419000 | USD | |
| CY2015Q3 | us-gaap |
Notes Receivable Gross
NotesReceivableGross
|
35000000 | USD |
| us-gaap |
Number Of Operating Segments
NumberOfOperatingSegments
|
2 | segment | |
| CY2014Q3 | us-gaap |
Operating Expenses
OperatingExpenses
|
6903000 | USD |
| us-gaap |
Operating Expenses
OperatingExpenses
|
23781000 | USD | |
| CY2015Q3 | us-gaap |
Operating Expenses
OperatingExpenses
|
6656000 | USD |
| us-gaap |
Operating Expenses
OperatingExpenses
|
21604000 | USD | |
| CY2014Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
8174000 | USD |
| us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
27300000 | USD | |
| CY2015Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
10704000 | USD |
| us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
36213000 | USD | |
| CY2014Q4 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
7144000 | USD |
| CY2015Q3 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
2517000 | USD |
| CY2014Q4 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
323000 | USD |
| us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
22823000 | USD | |
| CY2015Q3 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
220000 | USD |
| us-gaap |
Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
|
-25287000 | USD | |
| CY2014Q3 | us-gaap |
Other Income
OtherIncome
|
0 | USD |
| us-gaap |
Other Income
OtherIncome
|
1130000 | USD | |
| CY2015Q3 | us-gaap |
Other Income
OtherIncome
|
0 | USD |
| us-gaap |
Other Income
OtherIncome
|
0 | USD | |
| CY2014Q4 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
1437000 | USD |
| CY2015Q3 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
6286000 | USD |
| CY2014Q4 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
2401000 | USD |
| CY2015Q3 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
4041000 | USD |
| us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
0 | USD | |
| us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
23940000 | USD | |
| us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
1379000 | USD | |
| us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
1385000 | USD | |
| us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
825000 | USD | |
| us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
13000 | USD | |
| us-gaap |
Payments Of Loan Costs
PaymentsOfLoanCosts
|
4650000 | USD | |
| us-gaap |
Payments Of Loan Costs
PaymentsOfLoanCosts
|
0 | USD | |
| us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
56850000 | USD | |
| us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
4250000 | USD | |
| us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
10558000 | USD | |
| CY2014Q4 | us-gaap |
Prepaid Expense Current
PrepaidExpenseCurrent
|
4590000 | USD |
| CY2015Q3 | us-gaap |
Prepaid Expense Current
PrepaidExpenseCurrent
|
3709000 | USD |
| us-gaap |
Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
|
143750000 | USD | |
| us-gaap |
Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
|
0 | USD | |
| us-gaap |
Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
|
1927000 | USD | |
| us-gaap |
Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
|
65000 | USD | |
| us-gaap |
Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
|
1035000 | USD | |
| us-gaap |
Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
|
575000 | USD | |
| us-gaap |
Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
|
5400000 | USD | |
| us-gaap |
Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
|
22500000 | USD | |
| us-gaap |
Proceeds From Repayments Of Other Long Term Debt
ProceedsFromRepaymentsOfOtherLongTermDebt
|
5656000 | USD | |
| us-gaap |
Proceeds From Repayments Of Other Long Term Debt
ProceedsFromRepaymentsOfOtherLongTermDebt
|
-7032000 | USD | |
| CY2014Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
281460000 | USD |
| CY2015Q3 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
310008000 | USD |
| CY2014Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
186211000 | USD |
| CY2015Q3 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
209151000 | USD |
| us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
2113000 | USD | |
| us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
1332000 | USD | |
| us-gaap |
Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
|
662000 | USD | |
| us-gaap |
Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
|
679000 | USD | |
| CY2014Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-17468000 | USD |
| CY2015Q3 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-2049000 | USD |
| CY2014Q3 | us-gaap |
Sales Revenue Net
SalesRevenueNet
|
54549000 | USD |
| us-gaap |
Sales Revenue Net
SalesRevenueNet
|
166705000 | USD | |
| CY2015Q3 | us-gaap |
Sales Revenue Net
SalesRevenueNet
|
58378000 | USD |
| us-gaap |
Sales Revenue Net
SalesRevenueNet
|
180892000 | USD | |
| CY2014Q4 | us-gaap |
Senior Long Term Notes
SeniorLongTermNotes
|
111887000 | USD |
| CY2015Q3 | us-gaap |
Senior Long Term Notes
SeniorLongTermNotes
|
107242000 | USD |
| us-gaap |
Share Based Compensation
ShareBasedCompensation
|
3702000 | USD | |
| us-gaap |
Share Based Compensation
ShareBasedCompensation
|
3448000 | USD | |
| CY2015Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Period1
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1
|
P2Y | |
| CY2015Q3 | us-gaap |
Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased
|
25000000 | |
| CY2015Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
18083000 | |
| us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
18588000 | ||
| CY2014Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
18150000 | |
| CY2015Q3 | us-gaap |
Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
|
45000000 | USD |
| us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
18086000 | ||
| CY2015Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
17874000 | |
| us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
18115000 | ||
| CY2015Q3 | us-gaap |
Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
|
1079985 | |
| us-gaap |
Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
|
1204985 | ||
| CY2015Q3 | us-gaap |
Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
|
24200000 | USD |
| us-gaap |
Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
|
27322000 | USD | |
| CY2014Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
179875000 | USD |
| CY2015Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
169093000 | USD |
| CY2014Q4 | us-gaap |
Treasury Stock Shares
TreasuryStockShares
|
3921651 | |
| CY2015Q3 | us-gaap |
Treasury Stock Shares
TreasuryStockShares
|
5126636 | |
| CY2014Q4 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
15267000 | USD |
| CY2015Q3 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
42589000 | USD |
| CY2014Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
18276000 | |
| us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
18223000 | ||
| us-gaap |
Description Of New Accounting Pronouncements Not Yet Adopted
DescriptionOfNewAccountingPronouncementsNotYetAdopted
|
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-left:0px;padding-top:20px;text-indent:0px;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">RECENTLY ISSUED ACCOUNTING STANDARDS</font></div><div style="line-height:120%;padding-top:12px;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Simplifying the Accounting for Measurement-Period Adjustments for Business Combinations</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In September 2015, the FASB issued Accounting Standards Update (“ASU”), </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Business Combinations - Simplifying the Accounting for Measurement-Period Adjustments (Topic 805). </font><font style="font-family:inherit;font-size:10pt;">This ASU applies to all entities that have reported provisional amounts for items in a business combination for which the accounting is incomplete by the end of the reporting period in which the combination occurs and during the measurement period that have an adjustment to provisional amounts recognized. This ASU requires that an acquirer recognize adjustments to provisional amounts that are identified during the measurement period in the reporting period in which the adjustment amounts are determined. These include the effect on earnings of changes in depreciation, amortization, or other income effects as if the accounting had been completed at the acquisition date. The entity is required to present separately on the face of the income statement or disclose in the notes the portion of the amount recorded in the current period earnings by line item that would have been recorded in previous reporting periods if the adjustment to the provisional amounts had been recognized as of the acquisition date. This ASU is effective for fiscal years beginning after December 15, 2015, including interim periods within those fiscal years. This ASU should be applied prospectively to adjustments to provisional amounts that occur after the effective date of this ASU, with earlier application permitted for financial statements that have not been issued. Our adoption of this ASU for our fiscal year beginning January 1, 2016 is not expected to have a material effect on our financial statements.</font></div><div style="line-height:120%;padding-top:12px;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Simplifying the Measurement of Inventory</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In July 2015, the FASB issued ASU, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Inventory - Simplifying the Measurement of Inventory (Topic 330). </font><font style="font-family:inherit;font-size:10pt;">This ASU applies to all inventory, including inventory that is measured using the first-in, first-out (FIFO) or average cost method. This ASU does not apply to the last-in, first-out (LIFO) or the retail inventory method. This ASU requires an entity to measure inventory at the lower of cost or net realizable value. Net realizable value is the estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal and transportation. This ASU is effective for fiscal years beginning after December 15, 2016, including interim periods within those fiscal years. This ASU should be applied prospectively, with earlier application permitted as of the beginning of an interim or annual reporting period. Our adoption of this ASU for our fiscal year beginning January 1, 2017 is not expected to have a material effect on our financial statements.</font></div><div style="line-height:120%;padding-top:12px;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Presentation of Debt Issuance Costs</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In April 2015, the FASB issued ASU, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Interest - Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs</font><font style="font-family:inherit;font-size:10pt;">. To simplify the presentation of debt issuance costs, this ASU requires that entities that have historically presented debt issuance costs as an asset, related to a recognized debt liability, will be required to present those costs as a direct deduction from the carrying value of the related debt liability. This presentation will result in debt issuance costs being presented in the same way debt discounts have historically been handled. This ASU does not change the recognition, measurement or subsequent measurement guidance for debt issuance costs. This ASU is effective for fiscal years beginning after December 15, 2015, and interim periods within those fiscal years. Early adoption of this ASU is permitted for financial statements that have not been previously issued. The new guidance should be applied on a retrospective basis, wherein the balance sheet of each individual period presented should be adjusted to reflect the period-specific effects of applying the new guidance. Upon transition, an entity is required to comply with the applicable disclosures for a change in accounting principle. These disclosures include the nature and reason for the change in accounting principle, the transition method, a description of the prior-period information that has been retrospectively adjusted, and the effect of the change on debt issuance costs asset and the debt liability. We plan to adopt the provisions of this ASU for our fiscal year beginning January 1, 2016. Our adoption of this ASU is not expected to have a material effect on our financial statements.</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Cloud Computing Arrangement</font><font style="font-family:inherit;font-size:10pt;">s</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In April 2015, the FASB issued ASU, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Intangibles–Goodwill and Other–Internal-Use Software (Subtopic 350-40), </font><font style="font-family:inherit;font-size:10pt;">to provide guidance on whether a cloud computing arrangement contains a software license. If a cloud computing arrangement includes a software license, then an entity should account for the software license element of the arrangement consistent with the acquisition of other software licenses. If a cloud computing arrangement does not include a software license, an entity should account for the arrangement as a service contract. The new guidance is effective for fiscal years beginning after December 15, 2015, and interim periods within those fiscal years. We plan to adopt these provisions for our fiscal year beginning January 1, 2016. Our adoption of this ASU is not expected to have a material effect on our financial statements. </font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Extraordinary and Unusual Items</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In January 2015, the FASB issued ASU, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Income Statement - Extraordinary and Unusual Items (Subtopic 225-20). </font><font style="font-family:inherit;font-size:10pt;">This ASU eliminates the concept of reporting extraordinary items. Extraordinary items are events and transactions that are distinguished by their unusual nature and by the infrequency of their occurrence. Preparers will not have to assess whether a particular event or transaction is extraordinary and likewise, auditors and regulators no longer need to evaluate whether a preparer treated an unusual and/or infrequent item appropriately. The presentation and disclosure guidance for items that are unusual in nature or occur infrequently will be retained and will be expanded to include such items. This ASU is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2015. A reporting entity may apply this ASU prospectively. A reporting entity may also apply this ASU retrospectively to all prior periods presented in the financial statements. Early adoption is permitted provided that the guidance is applied from the beginning of the fiscal year of adoption. We plan to adopt these provisions for our fiscal year beginning January 1, 2016. Our adoption of this ASU is not expected to have a material effect on our financial statements.</font></div><div style="line-height:120%;padding-top:16px;text-align:justify;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Going Concern</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In August 2014, the FASB issued ASU, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Presentation of Financial Statements - Going Concern (Subtopic 205-40)</font><font style="font-family:inherit;font-size:10pt;">. This ASU provides guidance about management's responsibility to evaluate whether there is substantial doubt about an entities ability to continue as a going concern or to provide related footnote disclosures. This ASU requires management to assess an entity's ability to continue as a going concern by incorporating and expanding upon certain principles that are currently U.S. auditing standards. Specifically, this ASU provides a definition of the term substantial doubt, requires evaluation of every reporting period including interim periods, provides principles for considering the mitigating effect of management's plans, requires certain disclosures when substantial doubt is alleviated as a result of consideration of management's plans, requires an express statement and other disclosures when substantial doubt is not alleviated and requires an assessment for a period of one year after the date that the financial statements are issued or available to be issued. The ASU is effective for the annual period ending after December 15, 2016, and for annual and interim periods thereafter. Early application is permitted. We plan to adopt these provisions for our fiscal year beginning January 1, 2017.</font></div><div style="line-height:120%;padding-top:16px;text-align:justify;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Revenue from Contracts with Customers </font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In May 2014, the FASB issued ASU, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Revenue from Contracts with Customers. (Topic 606). </font><font style="font-family:inherit;font-size:10pt;">ASC Topic 606 supersedes the revenue recognition requirements under ASC Topic 605, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Revenue Recognition</font><font style="font-family:inherit;font-size:10pt;">, and most industry-specific guidance throughout the Industry Topics of the ASC. The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which an entity expects to be entitled in exchange for those goods or services. Under the new guidance, an entity is required to perform the following five steps: (1) identify the contract(s) with a customer; (2) identify the performance obligations in the contract; (3) determine the transaction price; (4) allocate the transaction price to the performance obligations in the contract; and (5) recognize revenue when (or as) the entity satisfies a performance obligation. The new guidance will significantly enhance comparability of revenue recognition practices across entities, industries, jurisdictions and capital markets. Additionally, the guidance requires improved disclosures as to the nature, amount, timing and uncertainty of revenue that is recognized. The guidance was effective for the annual reporting period beginning after December 15, 2016, including interim periods within that reporting period. Early adoption is not permitted. On July 9, 2015, the FASB deferred the effective date by one year to annual reporting periods beginning after December 15, 2017, including interim periods within that reporting period. We plan to adopt the provisions of this ASU for our fiscal year beginning January 1, 2018 and are currently evaluating the impact the adoption of this new accounting standard will have on our Consolidated Financial Statements.</font></div></div> |
