2018 Q2 Form 10-Q Financial Statement

#000090910818000073 Filed on August 01, 2018

View on sec.gov

Income Statement

Concept 2018 Q2 2017 Q2
Revenue $35.93M $35.54M
YoY Change 1.08% 8.79%
Cost Of Revenue $880.0K $1.030M
YoY Change -14.56% 8.42%
Gross Profit $35.05M $34.51M
YoY Change 1.56% 8.8%
Gross Profit Margin 97.56% 97.09%
Selling, General & Admin $4.125M $4.233M
YoY Change -2.57% 16.4%
% of Gross Profit 11.77% 12.27%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $280.0K $210.0K
YoY Change 33.33% 23.53%
% of Gross Profit 0.8% 0.61%
Operating Expenses $19.58M $19.58M
YoY Change 0.01% 8.93%
Operating Profit $16.35M $15.97M
YoY Change 2.4% 8.62%
Interest Expense $3.570M $3.020M
YoY Change 18.21% 337.68%
% of Operating Profit 21.84% 18.91%
Other Income/Expense, Net
YoY Change
Pretax Income $19.92M $18.99M
YoY Change 4.86% 23.39%
Income Tax $5.017M $6.024M
% Of Pretax Income 25.19% 31.72%
Net Earnings $14.37M $12.64M
YoY Change 13.7% 30.1%
Net Earnings / Revenue 40.0% 35.56%
Basic Earnings Per Share $4.08 $3.67
Diluted Earnings Per Share $4.08 $3.66
COMMON SHARES
Basic Shares Outstanding 3.519M shares 3.444M shares
Diluted Shares Outstanding 3.520M shares 3.449M shares

Balance Sheet

Concept 2018 Q2 2017 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $78.20M $70.50M
YoY Change 10.92% -0.28%
Cash & Equivalents $78.23M $70.50M
Short-Term Investments
Other Short-Term Assets $2.100M $2.100M
YoY Change 0.0% 23.53%
Inventory
Prepaid Expenses
Receivables $20.90M $17.80M
Other Receivables $0.00 $0.00
Total Short-Term Assets $101.2M $90.40M
YoY Change 11.95% 1.35%
LONG-TERM ASSETS
Property, Plant & Equipment $4.203M $3.586M
YoY Change 17.19% -14.37%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $19.48M $28.51M
YoY Change -31.7% 6.59%
Other Assets $7.100M $9.900M
YoY Change -28.28% 4.21%
Total Long-Term Assets $216.6M $139.5M
YoY Change 55.25% 85.55%
TOTAL ASSETS
Total Short-Term Assets $101.2M $90.40M
Total Long-Term Assets $216.6M $139.5M
Total Assets $317.8M $229.9M
YoY Change 38.22% 39.86%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $20.50M $8.500M
YoY Change 141.18% 30.77%
Accrued Expenses $14.50M $13.80M
YoY Change 5.07% 25.45%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $35.40M $22.40M
YoY Change 58.04% 28.0%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $24.40M $19.10M
YoY Change 27.75% 51.59%
Total Long-Term Liabilities $24.40M $19.10M
YoY Change 27.75% 51.59%
TOTAL LIABILITIES
Total Short-Term Liabilities $35.40M $22.40M
Total Long-Term Liabilities $24.40M $19.10M
Total Liabilities $59.89M $41.44M
YoY Change 44.53% 38.07%
SHAREHOLDERS EQUITY
Retained Earnings $100.7M $73.05M
YoY Change 37.88% 77.95%
Common Stock $130.4M $116.8M
YoY Change 11.57% 6.11%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $207.1M $170.7M
YoY Change
Total Liabilities & Shareholders Equity $317.8M $229.9M
YoY Change 38.22% 39.86%

Cashflow Statement

Concept 2018 Q2 2017 Q2
OPERATING ACTIVITIES
Net Income $14.37M $12.64M
YoY Change 13.7% 30.1%
Depreciation, Depletion And Amortization $280.0K $210.0K
YoY Change 33.33% 23.53%
Cash From Operating Activities $11.48M $14.46M
YoY Change -20.61% -33.09%
INVESTING ACTIVITIES
Capital Expenditures -$450.0K -$60.00K
YoY Change 650.0% -57.14%
Acquisitions
YoY Change
Other Investing Activities $220.0K -$4.730M
YoY Change -104.65% -47400.0%
Cash From Investing Activities -$230.0K -$4.800M
YoY Change -95.21% 3592.31%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 8.170M 1.530M
YoY Change 433.99% -2285.71%
NET CHANGE
Cash From Operating Activities 11.48M 14.46M
Cash From Investing Activities -230.0K -4.800M
Cash From Financing Activities 8.170M 1.530M
Net Change In Cash 19.42M 11.19M
YoY Change 73.55% -47.73%
FREE CASH FLOW
Cash From Operating Activities $11.48M $14.46M
Capital Expenditures -$450.0K -$60.00K
Free Cash Flow $11.93M $14.52M
YoY Change -17.84% -33.24%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
7.81
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
1608910 USD
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
1185389 USD
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
4554773 USD
us-gaap Increase Decrease In Deferred Compensation
IncreaseDecreaseInDeferredCompensation
4937302 USD
us-gaap Increase Decrease In Deferred Compensation
IncreaseDecreaseInDeferredCompensation
3968960 USD
us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
1197061 USD
us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
1253988 USD
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2018
dei Document Period End Date
DocumentPeriodEndDate
2018-06-30
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0000909108
CY2018Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
3530124 shares
dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
dei Entity Registrant Name
EntityRegistrantName
DIAMOND HILL INVESTMENT GROUP INC
dhil Advance Commissions Amortization Period
AdvanceCommissionsAmortizationPeriod
P12M
dhil Amortization Of Restricted Stock Grants
AmortizationOfRestrictedStockGrants
3016235 USD
CY2017Q4 dhil Book Value Per Share
BookValuePerShare
49.69
CY2018Q2 dhil Book Value Per Share
BookValuePerShare
58.62
CY2017Q2 dhil Broker Commission Advance Repayments
BrokerCommissionAdvanceRepayments
100576 USD
dhil Broker Commission Advance Repayments
BrokerCommissionAdvanceRepayments
214047 USD
CY2018Q2 dhil Broker Commission Advance Repayments
BrokerCommissionAdvanceRepayments
83380 USD
dhil Broker Commission Advance Repayments
BrokerCommissionAdvanceRepayments
179858 USD
CY2017Q2 dhil Broker Commission Amortization
BrokerCommissionAmortization
92112 USD
dhil Broker Commission Amortization
BrokerCommissionAmortization
192332 USD
CY2018Q2 dhil Broker Commission Amortization
BrokerCommissionAmortization
80102 USD
dhil Broker Commission Amortization
BrokerCommissionAmortization
164880 USD
dhil Contributionof Investmentsand Propertyand Equipment
ContributionofInvestmentsandPropertyandEquipment
1748841 USD
dhil Contributionof Investmentsand Propertyand Equipment
ContributionofInvestmentsandPropertyandEquipment
1989803 USD
CY2017Q2 dhil Effective Income Tax Rate Reconciliation Sharebased Compensation Excess Tax Benefit Tax Shortfall Amount
EffectiveIncomeTaxRateReconciliationSharebasedCompensationExcessTaxBenefitTaxShortfallAmount
800000 USD
dhil Effective Income Tax Rate Reconciliation Sharebased Compensation Excess Tax Benefit Tax Shortfall Amount
EffectiveIncomeTaxRateReconciliationSharebasedCompensationExcessTaxBenefitTaxShortfallAmount
1300000 USD
CY2018Q2 dhil Effective Income Tax Rate Reconciliation Sharebased Compensation Excess Tax Benefit Tax Shortfall Amount
EffectiveIncomeTaxRateReconciliationSharebasedCompensationExcessTaxBenefitTaxShortfallAmount
300000 USD
dhil Effective Income Tax Rate Reconciliation Sharebased Compensation Excess Tax Benefit Tax Shortfall Amount
EffectiveIncomeTaxRateReconciliationSharebasedCompensationExcessTaxBenefitTaxShortfallAmount
500000 USD
CY2018Q2 dhil Equity Method Investment Summarized Financial Information Expenses
EquityMethodInvestmentSummarizedFinancialInformationExpenses
244943 USD
dhil Equity Method Investment Summarized Financial Information Expenses
EquityMethodInvestmentSummarizedFinancialInformationExpenses
484002 USD
CY2018Q2 dhil Equity Method Investment Summarized Financial Information Netchangeinunrealizedappreciationdepreciation
EquityMethodInvestmentSummarizedFinancialInformationNetchangeinunrealizedappreciationdepreciation
2089091 USD
dhil Equity Method Investment Summarized Financial Information Netchangeinunrealizedappreciationdepreciation
EquityMethodInvestmentSummarizedFinancialInformationNetchangeinunrealizedappreciationdepreciation
313546 USD
CY2018Q2 dhil Equity Method Investment Summarized Financial Information Netrealizedgainslosses
EquityMethodInvestmentSummarizedFinancialInformationNetrealizedgainslosses
725794 USD
dhil Equity Method Investment Summarized Financial Information Netrealizedgainslosses
EquityMethodInvestmentSummarizedFinancialInformationNetrealizedgainslosses
-252686 USD
CY2017Q4 dhil Fair Value Transfers Between Level1 Level2or Level3 Amount
FairValueTransfersBetweenLevel1Level2orLevel3Amount
0 USD
CY2018Q2 dhil Fair Value Transfers Between Level1 Level2or Level3 Amount
FairValueTransfersBetweenLevel1Level2orLevel3Amount
0 USD
CY2017Q2 dhil Financing Activity Net
FinancingActivityNet
8464 USD
dhil Financing Activity Net
FinancingActivityNet
21715 USD
CY2018Q2 dhil Financing Activity Net
FinancingActivityNet
3278 USD
dhil Financing Activity Net
FinancingActivityNet
14978 USD
CY2017Q2 dhil Fund Related Expense
FundRelatedExpense
3489399 USD
dhil Fund Related Expense
FundRelatedExpense
6638351 USD
CY2018Q2 dhil Fund Related Expense
FundRelatedExpense
3595555 USD
dhil Fund Related Expense
FundRelatedExpense
7063880 USD
dhil Lessee Leasing Agreements Operating Leases Areaunder Lease
LesseeLeasingAgreementsOperatingLeasesAreaunderLease
37829 sqft
CY2018Q2 dhil Lessee Leasing Agreements Operating Leaseslocations
LesseeLeasingAgreementsOperatingLeaseslocations
1 location
dhil Netissuanceof Et Fsharesformarketablesecurities
NetissuanceofETFsharesformarketablesecurities
-99060 USD
dhil Netissuanceof Et Fsharesformarketablesecurities
NetissuanceofETFsharesformarketablesecurities
1524350 USD
dhil Noncontrolling Interest Increasefrom Consolidation
NoncontrollingInterestIncreasefromConsolidation
16444640 USD
dhil Noncontrolling Interest Increasefrom Consolidation
NoncontrollingInterestIncreasefromConsolidation
16400000 USD
CY2017 dhil Operating Lease Expense Excluding Rent
OperatingLeaseExpenseExcludingRent
400000 USD
CY2017Q2 dhil Revenue From Administrative Services Excluding Financial Activity Net
RevenueFromAdministrativeServicesExcludingFinancialActivityNet
2975753 USD
dhil Revenue From Administrative Services Excluding Financial Activity Net
RevenueFromAdministrativeServicesExcludingFinancialActivityNet
6236598 USD
CY2018Q2 dhil Revenue From Administrative Services Excluding Financial Activity Net
RevenueFromAdministrativeServicesExcludingFinancialActivityNet
2398164 USD
CY2017Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
19220279 USD
CY2018Q2 us-gaap Accounts Receivable Net
AccountsReceivableNet
20884354 USD
CY2017Q4 us-gaap Accounts Receivable Related Parties
AccountsReceivableRelatedParties
11600000 USD
dhil Revenue From Administrative Services Excluding Financial Activity Net
RevenueFromAdministrativeServicesExcludingFinancialActivityNet
5537176 USD
CY2017Q2 dhil Revenue From Administrative Services Net
RevenueFromAdministrativeServicesNet
2984217 USD
dhil Revenue From Administrative Services Net
RevenueFromAdministrativeServicesNet
6258313 USD
CY2018Q2 dhil Revenue From Administrative Services Net
RevenueFromAdministrativeServicesNet
2401442 USD
dhil Revenue From Administrative Services Net
RevenueFromAdministrativeServicesNet
5552154 USD
dhil Rolling Client Investment Performance Period
RollingClientInvestmentPerformancePeriod
P5Y
dhil Subscription From Redemption Distribution To Noncontrolling Interest
SubscriptionFromRedemptionDistributionToNoncontrollingInterest
13776032 USD
CY2017Q4 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
11890403 USD
CY2018Q2 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
20470960 USD
CY2018Q2 us-gaap Accounts Receivable Related Parties
AccountsReceivableRelatedParties
10600000 USD
CY2017Q4 us-gaap Accrued Bonuses Current
AccruedBonusesCurrent
25496500 USD
CY2018Q2 us-gaap Accrued Bonuses Current
AccruedBonusesCurrent
14534000 USD
us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
917163 USD
CY2017Q2 us-gaap Administrative Services Revenue
AdministrativeServicesRevenue
6465152 USD
us-gaap Administrative Services Revenue
AdministrativeServicesRevenue
12874949 USD
CY2018Q2 us-gaap Administrative Services Revenue
AdministrativeServicesRevenue
5993719 USD
us-gaap Administrative Services Revenue
AdministrativeServicesRevenue
12601056 USD
CY2017Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
0 USD
CY2018Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
0 USD
CY2017Q2 us-gaap Asset Management Costs
AssetManagementCosts
1028738 USD
us-gaap Asset Management Costs
AssetManagementCosts
2029354 USD
CY2018Q2 us-gaap Asset Management Costs
AssetManagementCosts
881487 USD
us-gaap Asset Management Costs
AssetManagementCosts
1898906 USD
CY2017Q4 us-gaap Assets
Assets
250388319 USD
CY2018Q2 us-gaap Assets
Assets
317751364 USD
CY2016Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
57189876 USD
CY2017Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
70504429 USD
CY2017Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
76602108 USD
CY2018Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
78227005 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
13314553 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
1624897 USD
CY2017Q4 us-gaap Common Stock No Par Value
CommonStockNoParValue
CY2018Q2 us-gaap Common Stock No Par Value
CommonStockNoParValue
CY2017Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
7000000 shares
CY2018Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
7000000 shares
CY2017Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
3470428 shares
CY2018Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
3532634 shares
CY2017Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
3470428 shares
CY2018Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
3532634 shares
CY2017Q4 us-gaap Common Stock Value
CommonStockValue
118209111 USD
CY2018Q2 us-gaap Common Stock Value
CommonStockValue
130369411 USD
CY2017Q4 us-gaap Deferred Compensation Equity
DeferredCompensationEquity
19134963 USD
CY2018Q2 us-gaap Deferred Compensation Equity
DeferredCompensationEquity
24019869 USD
CY2017Q4 us-gaap Deferred Compensation Liability Current And Noncurrent
DeferredCompensationLiabilityCurrentAndNoncurrent
20480790 USD
CY2018Q2 us-gaap Deferred Compensation Liability Current And Noncurrent
DeferredCompensationLiabilityCurrentAndNoncurrent
24449750 USD
CY2017Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
5843704 USD
CY2018Q2 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
7097692 USD
CY2017Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
0 USD
CY2018Q2 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
0 USD
us-gaap Depreciation
Depreciation
432705 USD
us-gaap Depreciation
Depreciation
574457 USD
CY2017Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.67
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
7.39
CY2018Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
4.08
CY2017Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.66
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
7.38
CY2018Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
4.08
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
7.81
CY2017Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.317
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.324
CY2018Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.252
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.238
CY2017Q2 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
CY2018Q2 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2018Q2 us-gaap Equity Method Investment Summarized Financial Information Assets
EquityMethodInvestmentSummarizedFinancialInformationAssets
97401862 USD
CY2018Q2 us-gaap Equity Method Investment Summarized Financial Information Equity
EquityMethodInvestmentSummarizedFinancialInformationEquity
66067081 USD
CY2018Q2 us-gaap Equity Method Investment Summarized Financial Information Liabilities
EquityMethodInvestmentSummarizedFinancialInformationLiabilities
31334781 USD
CY2018Q2 us-gaap Equity Method Investment Summarized Financial Information Net Income Loss
EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss
2862885 USD
us-gaap Equity Method Investment Summarized Financial Information Net Income Loss
EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss
132953 USD
CY2018Q2 us-gaap Equity Method Investment Summarized Financial Information Revenue
EquityMethodInvestmentSummarizedFinancialInformationRevenue
292943 USD
us-gaap Equity Method Investment Summarized Financial Information Revenue
EquityMethodInvestmentSummarizedFinancialInformationRevenue
556095 USD
CY2018Q2 us-gaap Equity Method Investment Underlying Equity In Net Assets
EquityMethodInvestmentUnderlyingEquityInNetAssets
19475312 USD
CY2017Q4 us-gaap Equity Method Investments
EquityMethodInvestments
36043704 USD
CY2018Q2 us-gaap Equity Method Investments
EquityMethodInvestments
19475312 USD
us-gaap Gain Loss On Investments
GainLossOnInvestments
5774968 USD
us-gaap Gain Loss On Investments
GainLossOnInvestments
-644680 USD
CY2017Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
2980469 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
6468585 USD
CY2018Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
2822528 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
5786200 USD
CY2017Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
18991477 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
38614195 USD
CY2018Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
19915208 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
36559436 USD
CY2018Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
860657 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
74718 USD
CY2017Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
6000000 USD
CY2017Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
6024458 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
12521728 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
12500000 USD
CY2018Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
5017185 USD
CY2018Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
5000000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
8719285 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
8700000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
12533400 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
5418500 USD
CY2017Q4 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
4114962 USD
CY2018Q2 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
0 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-327183 USD
us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
-5035076 USD
us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
-6853303 USD
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-380641 USD
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-7129382 USD
us-gaap Increase Decrease In Trading Securities
IncreaseDecreaseInTradingSecurities
3725638 USD
us-gaap Increase Decrease In Trading Securities
IncreaseDecreaseInTradingSecurities
46416866 USD
CY2017Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
5345 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
4631 shares
CY2018Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1151 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1757 shares
CY2017Q2 us-gaap Investment Advisory Fees
InvestmentAdvisoryFees
32558324 USD
us-gaap Investment Advisory Fees
InvestmentAdvisoryFees
64323301 USD
CY2018Q2 us-gaap Investment Advisory Fees
InvestmentAdvisoryFees
33526273 USD
us-gaap Investment Advisory Fees
InvestmentAdvisoryFees
68157563 USD
CY2017Q2 us-gaap Investment Income Net
InvestmentIncomeNet
3024729 USD
us-gaap Investment Income Net
InvestmentIncomeNet
6905973 USD
CY2018Q2 us-gaap Investment Income Net
InvestmentIncomeNet
3565669 USD
us-gaap Investment Income Net
InvestmentIncomeNet
2005946 USD
CY2017Q4 us-gaap Investments
Investments
138476022 USD
CY2018Q2 us-gaap Investments
Investments
205200000 USD
CY2018Q2 us-gaap Investments
Investments
205200638 USD
CY2017Q2 us-gaap Labor And Related Expense
LaborAndRelatedExpense
14313734 USD
us-gaap Labor And Related Expense
LaborAndRelatedExpense
27992883 USD
CY2018Q2 us-gaap Labor And Related Expense
LaborAndRelatedExpense
14572121 USD
us-gaap Labor And Related Expense
LaborAndRelatedExpense
28959595 USD
CY2017Q4 us-gaap Liabilities
Liabilities
57867693 USD
CY2018Q2 us-gaap Liabilities
Liabilities
59894521 USD
CY2017Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
250388319 USD
CY2018Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
317751364 USD
CY2017Q4 us-gaap Liability For Uncertain Tax Positions Current
LiabilityForUncertainTaxPositionsCurrent
0 USD
CY2018Q2 us-gaap Liability For Uncertain Tax Positions Current
LiabilityForUncertainTaxPositionsCurrent
800000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1412458 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
11334519 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-9802976 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-2372318 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
21705071 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-7337304 USD
CY2017Q2 us-gaap Net Income Loss
NetIncomeLoss
12638439 USD
us-gaap Net Income Loss
NetIncomeLoss
25395334 USD
CY2018Q2 us-gaap Net Income Loss
NetIncomeLoss
14370368 USD
us-gaap Net Income Loss
NetIncomeLoss
27359828 USD
CY2017Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
328580 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
697133 USD
CY2018Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
527655 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
480323 USD
us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
-480323 USD
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 Segment
CY2017Q2 us-gaap Operating Expenses
OperatingExpenses
19575793 USD
us-gaap Operating Expenses
OperatingExpenses
38873392 USD
CY2018Q2 us-gaap Operating Expenses
OperatingExpenses
19578176 USD
us-gaap Operating Expenses
OperatingExpenses
39156227 USD
CY2017Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
15966748 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
31708222 USD
CY2018Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
16349539 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
34553490 USD
CY2018Q2 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
3853519 USD
CY2018Q2 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
624179 USD
CY2018Q2 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
624179 USD
CY2018Q2 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
624179 USD
CY2018Q2 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
595807 USD
CY2018Q2 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
1092000 USD
CY2018Q2 us-gaap Operating Leases Future Minimum Payments Remainder Of Fiscal Year
OperatingLeasesFutureMinimumPaymentsRemainderOfFiscalYear
293175 USD
CY2017Q2 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
234191 USD
us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
465654 USD
CY2018Q2 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
238014 USD
us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
494304 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
1883676 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
917163 USD
us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
11358395 USD
us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
3286872 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
129669 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
593989 USD
us-gaap Performance Fees
PerformanceFees
0 USD
us-gaap Performance Fees
PerformanceFees
0 USD
CY2017Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1000000 shares
CY2018Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1000000 shares
CY2017Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
shares
CY2018Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
shares
CY2017Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
shares
CY2018Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
shares
CY2017Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2018Q2 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2017Q4 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
2073343 USD
CY2018Q2 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
2139139 USD
us-gaap Proceeds From Payments To Minority Shareholders
ProceedsFromPaymentsToMinorityShareholders
3296134 USD
us-gaap Proceeds From Payments To Minority Shareholders
ProceedsFromPaymentsToMinorityShareholders
12251682 USD
us-gaap Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
1685088 USD
us-gaap Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
1508543 USD
CY2017Q2 us-gaap Profit Loss
ProfitLoss
12967019 USD
us-gaap Profit Loss
ProfitLoss
26092467 USD
CY2018Q2 us-gaap Profit Loss
ProfitLoss
14898023 USD
us-gaap Profit Loss
ProfitLoss
27840151 USD
CY2017Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
4057901 USD
CY2018Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
4202536 USD
CY2017Q4 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
20076806 USD
CY2018Q2 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
50777801 USD
CY2017Q4 us-gaap Redeemable Noncontrolling Interest Equity Common Fair Value
RedeemableNoncontrollingInterestEquityCommonFairValue
20076806 USD
CY2018Q2 us-gaap Redeemable Noncontrolling Interest Equity Common Fair Value
RedeemableNoncontrollingInterestEquityCommonFairValue
50777801 USD
CY2017Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
73369672 USD
CY2018Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
100729500 USD
CY2017Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
35542541 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
70581614 USD
CY2018Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
35927715 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
73709717 USD
CY2017Q2 us-gaap Revenues
Revenues
35542541 USD
us-gaap Revenues
Revenues
70581614 USD
CY2018Q2 us-gaap Revenues
Revenues
35927715 USD
us-gaap Revenues
Revenues
73709717 USD
CY2017Q2 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
1252852 USD
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
2382570 USD
CY2018Q2 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
1302040 USD
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
2511526 USD
us-gaap Share Based Compensation
ShareBasedCompensation
4082127 USD
us-gaap Share Based Compensation
ShareBasedCompensation
4083360 USD
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
191900 shares
CY2018Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
213700 shares
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
1067125 USD
us-gaap Stock Issued During Period Value Restricted Stock Award Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures
0 USD
us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
0 USD
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
3892424 USD
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
4109197 USD
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
172443820 USD
CY2018Q2 us-gaap Stockholders Equity
StockholdersEquity
207079042 USD
CY2017Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
0 USD
CY2018Q2 us-gaap Taxes Payable Current
TaxesPayableCurrent
439811 USD
CY2017Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
3449128 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
3441022 shares
CY2018Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
3519816 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
3505136 shares
CY2017Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
3443783 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
3436391 shares
CY2018Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
3518665 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
3503379 shares
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">Reclassification</font></div><div style="line-height:120%;padding-top:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Certain prior period amounts and disclosures may have been reclassified to conform to the current period's financial presentation.</font></div></div>
us-gaap Revenue Recognition Accounting Policy Gross And Net Revenue Disclosure
RevenueRecognitionAccountingPolicyGrossAndNetRevenueDisclosure
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">Revenue Recognition &#8211; Mutual Fund Administration</font></div><div style="line-height:120%;padding-top:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">DHCM has an administrative and transfer agency services agreement with the Funds under which DHCM performs certain services for each Fund. These services include performance obligations including mutual fund administration, fund accounting, transfer agency and other related functions. These services are performed concurrently under our agreement with the Funds and all performance obligations to provide these administrative services are satisfied over time and the Company recognizes revenue as time passes. For performing these services each Fund pays DHCM a fee, which is calculated using an annual rate times the average daily net assets of each respective share class. These fees are thereby constrained and represent variable consideration, and are excluded from revenue until the AUM on which we bill the Funds is no longer subject to market fluctuations. </font></div><div style="line-height:120%;padding-top:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Funds have selected and contractually engaged certain vendors to fulfill various services to benefit the Funds&#8217; shareholders or to satisfy regulatory requirements of the Funds. These services include, among others, required shareholder mailings, federal and state registrations, and legal and audit services. DHCM, in fulfilling a portion of its role under the administration agreement with the Funds, acts as agent to pay these obligations of the Funds. Each vendor is independently responsible for fulfillment of the services it has been engaged to provide and negotiates fees and terms with the management and board of trustees of the Funds. The fee that each Fund pays to DHCM is reviewed annually by the Funds&#8217; board of trustees and specifically takes into account the contractual expenses that DHCM pays on behalf of the Funds. As a result, DHCM is not involved in the delivery or pricing of these services and bears no risk related to these services. Revenue has been recorded net of these Fund related expenses. In addition, DHCM advances the upfront commissions that are paid to brokers who sell Class C shares of the Funds. These advances are capitalized and amortized over </font><font style="font-family:inherit;font-size:10pt;">12 months</font><font style="font-family:inherit;font-size:10pt;"> to correspond with the repayments DHCM receives from the principal underwriter to recoup this commission advancement.</font></div><div style="line-height:120%;padding-top:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"></font></div></div>
us-gaap Revenue Recognition Services Management Fees
RevenueRecognitionServicesManagementFees
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">Revenue Recognition &#8211; Investment Advisory Fees</font></div><div style="line-height:120%;padding-top:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company's investment advisory contracts have a single performance obligation (the investment advisory services provided to the client) as the promised services are not separately identifiable from other promises in the contracts and, therefore, are not distinct. All performance obligations to provide advisory services are satisfied over time and the Company recognizes revenue as time passes.</font></div><div style="line-height:120%;padding-top:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The fees we receive for our services under our investment advisory contracts are based on our AUM, which changes based on the value of securities held under each advisory contract. These fees are thereby constrained and represent variable consideration, and are excluded from revenue until the AUM on which our client is billed is no longer subject to market fluctuations. </font></div><div style="line-height:120%;padding-top:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">Revenue Recognition &#8211; Variable Rate Fees</font></div><div style="line-height:120%;padding-top:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company manages certain client accounts that provide for variable rate fees. These fees are calculated based on client investment results over rolling </font><font style="font-family:inherit;font-size:10pt;">five</font><font style="font-family:inherit;font-size:10pt;">-year periods. The Company records variable rate fees at the end of the contract measurement period because the variable fees earned are constrained based on movements in the financial markets.</font></div></div>
us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">Use of Estimates</font></div><div style="line-height:120%;padding-top:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of the condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions related to the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the period. Actual results could differ from those estimates.</font></div></div>

Files In Submission

Name View Source Status
0000909108-18-000073-index-headers.html Edgar Link pending
0000909108-18-000073-index.html Edgar Link pending
0000909108-18-000073.txt Edgar Link pending
0000909108-18-000073-xbrl.zip Edgar Link pending
dhil-20180630.xml Edgar Link completed
dhil-20180630.xsd Edgar Link pending
dhil-20180630_cal.xml Edgar Link unprocessable
dhil-20180630_def.xml Edgar Link unprocessable
dhil-20180630_lab.xml Edgar Link unprocessable
dhil-20180630_pre.xml Edgar Link unprocessable
dhil-2018630x10q.htm Edgar Link pending
diamondhillinvgroup4ca01a08.jpg Edgar Link pending
ex-101xseparationagreement.htm Edgar Link pending
ex-311x2018630.htm Edgar Link pending
ex-312x2018630.htm Edgar Link pending
ex-321x2018630.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending