2018 Q4 Form 10-Q Financial Statement
#000090910818000090 Filed on October 30, 2018
Income Statement
Concept | 2018 Q4 | 2018 Q3 | 2017 Q3 |
---|---|---|---|
Revenue | $34.45M | $37.47M | $36.77M |
YoY Change | -8.98% | 1.9% | 11.64% |
Cost Of Revenue | $860.0K | $870.0K | $1.120M |
YoY Change | -25.86% | -22.32% | 7.69% |
Gross Profit | $33.59M | $36.60M | $35.65M |
YoY Change | -8.42% | 2.66% | 11.76% |
Gross Profit Margin | 97.5% | 97.67% | 96.95% |
Selling, General & Admin | $13.80M | $4.244M | $4.318M |
YoY Change | -24.51% | -1.72% | 6.72% |
% of Gross Profit | 41.08% | 11.6% | 12.11% |
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $290.0K | $300.0K | $230.0K |
YoY Change | 26.09% | 30.43% | 35.29% |
% of Gross Profit | 0.86% | 0.82% | 0.65% |
Operating Expenses | $13.80M | $20.56M | $19.88M |
YoY Change | -24.51% | 3.38% | 11.72% |
Operating Profit | $19.79M | $16.92M | $16.89M |
YoY Change | 7.55% | 0.17% | 11.55% |
Interest Expense | -$13.49M | $5.210M | $2.770M |
YoY Change | -410.83% | 88.09% | -22.19% |
% of Operating Profit | -68.17% | 30.8% | 16.4% |
Other Income/Expense, Net | |||
YoY Change | |||
Pretax Income | $6.300M | $22.13M | $19.66M |
YoY Change | -72.31% | 12.57% | -8.02% |
Income Tax | $5.140M | $5.727M | $6.500M |
% Of Pretax Income | 81.59% | 25.88% | 33.07% |
Net Earnings | $4.810M | $15.21M | $12.70M |
YoY Change | -59.55% | 19.76% | -5.42% |
Net Earnings / Revenue | 13.96% | 40.59% | 34.53% |
Basic Earnings Per Share | $4.31 | $3.68 | |
Diluted Earnings Per Share | $1.370M | $4.31 | $3.67 |
COMMON SHARES | |||
Basic Shares Outstanding | 3.512M shares | 3.531M shares | 3.454M shares |
Diluted Shares Outstanding | 3.532M shares | 3.461M shares |
Balance Sheet
Concept | 2018 Q4 | 2018 Q3 | 2017 Q3 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $84.40M | $100.6M | $89.90M |
YoY Change | 10.18% | 11.9% | 41.13% |
Cash & Equivalents | $84.43M | $100.6M | $89.89M |
Short-Term Investments | |||
Other Short-Term Assets | $2.400M | $2.300M | $2.200M |
YoY Change | 14.29% | 4.55% | 46.67% |
Inventory | |||
Prepaid Expenses | |||
Receivables | $20.30M | $19.40M | $17.70M |
Other Receivables | $0.00 | $0.00 | $0.00 |
Total Short-Term Assets | $107.1M | $122.3M | $109.8M |
YoY Change | 9.4% | 11.38% | 32.45% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $3.680M | $3.909M | $3.690M |
YoY Change | -9.3% | 5.94% | -10.62% |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | $16.34M | $20.13M | $29.75M |
YoY Change | -54.67% | -32.34% | 6.44% |
Other Assets | $11.50M | $7.600M | $10.40M |
YoY Change | 98.28% | -26.92% | 14.29% |
Total Long-Term Assets | $218.6M | $223.8M | $145.4M |
YoY Change | 43.37% | 53.97% | 43.35% |
TOTAL ASSETS | |||
Total Short-Term Assets | $107.1M | $122.3M | $109.8M |
Total Long-Term Assets | $218.6M | $223.8M | $145.4M |
Total Assets | $325.7M | $346.1M | $255.2M |
YoY Change | 30.09% | 35.65% | 38.44% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $15.60M | $13.70M | $10.40M |
YoY Change | 31.09% | 31.73% | 52.94% |
Accrued Expenses | $26.80M | $21.70M | $21.10M |
YoY Change | 5.1% | 2.84% | 30.25% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $45.20M | $36.00M | $31.50M |
YoY Change | 20.86% | 14.29% | 36.96% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Other Long-Term Liabilities | $22.40M | $25.40M | $19.60M |
YoY Change | 9.27% | 29.59% | 46.27% |
Total Long-Term Liabilities | $22.40M | $25.40M | $19.60M |
YoY Change | 9.27% | 29.59% | 46.27% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $45.20M | $36.00M | $31.50M |
Total Long-Term Liabilities | $22.40M | $25.40M | $19.60M |
Total Liabilities | $67.47M | $61.44M | $51.04M |
YoY Change | 16.6% | 20.38% | 40.57% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | $92.65M | $115.9M | $85.75M |
YoY Change | 26.28% | 35.2% | 57.4% |
Common Stock | $124.9M | $130.6M | $119.2M |
YoY Change | 5.69% | 9.56% | 9.41% |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $195.6M | $224.0M | $184.7M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $325.7M | $346.1M | $255.2M |
YoY Change | 30.09% | 35.65% | 38.44% |
Cashflow Statement
Concept | 2018 Q4 | 2018 Q3 | 2017 Q3 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | $4.810M | $15.21M | $12.70M |
YoY Change | -59.55% | 19.76% | -5.42% |
Depreciation, Depletion And Amortization | $290.0K | $300.0K | $230.0K |
YoY Change | 26.09% | 30.43% | 35.29% |
Cash From Operating Activities | $18.50M | $16.97M | $18.89M |
YoY Change | -8.96% | -10.16% | -300.53% |
INVESTING ACTIVITIES | |||
Capital Expenditures | -$80.00K | -$110.0K | -$380.0K |
YoY Change | -86.67% | -71.05% | 322.22% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | -$910.0K | -$790.0K | -$960.0K |
YoY Change | -86.66% | -17.71% | -147.29% |
Cash From Investing Activities | -$990.0K | -$900.0K | -$1.340M |
YoY Change | -86.64% | -32.84% | -169.07% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | -33.70M | 6.330M | 1.820M |
YoY Change | 28.72% | 247.8% | 355.0% |
NET CHANGE | |||
Cash From Operating Activities | 18.50M | 16.97M | 18.89M |
Cash From Investing Activities | -990.0K | -900.0K | -1.340M |
Cash From Financing Activities | -33.70M | 6.330M | 1.820M |
Net Change In Cash | -16.19M | 22.40M | 19.37M |
YoY Change | 22.0% | 15.64% | -373.59% |
FREE CASH FLOW | |||
Cash From Operating Activities | $18.50M | $16.97M | $18.89M |
Capital Expenditures | -$80.00K | -$110.0K | -$380.0K |
Free Cash Flow | $18.58M | $17.08M | $19.27M |
YoY Change | -11.19% | -11.36% | -306.54% |
Facts In Submission
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EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss
|
2269651 | USD | |
CY2018Q3 | us-gaap |
Equity Method Investment Summarized Financial Information Revenue
EquityMethodInvestmentSummarizedFinancialInformationRevenue
|
261767 | USD |
us-gaap |
Equity Method Investment Summarized Financial Information Revenue
EquityMethodInvestmentSummarizedFinancialInformationRevenue
|
817862 | USD | |
CY2018Q3 | us-gaap |
Equity Method Investment Underlying Equity In Net Assets
EquityMethodInvestmentUnderlyingEquityInNetAssets
|
20132461 | USD |
CY2017Q4 | us-gaap |
Equity Method Investments
EquityMethodInvestments
|
36043704 | USD |
CY2018Q3 | us-gaap |
Equity Method Investments
EquityMethodInvestments
|
20132461 | USD |
us-gaap |
Gain Loss On Investments
GainLossOnInvestments
|
7829950 | USD | |
us-gaap |
Gain Loss On Investments
GainLossOnInvestments
|
3184197 | USD | |
CY2017Q3 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
3088000 | USD |
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
9556585 | USD | |
CY2018Q3 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
2962220 | USD |
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
8748419 | USD | |
CY2017Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
19655079 | USD |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
58269275 | USD | |
CY2018Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
22126177 | USD |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
58685614 | USD | |
CY2018Q3 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
668226 | USD |
us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
742944 | USD | |
CY2017Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
6496980 | USD |
CY2017Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
6500000 | USD |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
19000000 | USD | |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
19018708 | USD | |
CY2018Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
5726807 | USD |
CY2018Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
5700000 | USD |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
14446092 | USD | |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
14400000 | USD | |
us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
21104300 | USD | |
us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
11400094 | USD | |
CY2017Q4 | us-gaap |
Income Taxes Receivable
IncomeTaxesReceivable
|
4114962 | USD |
CY2018Q3 | us-gaap |
Income Taxes Receivable
IncomeTaxesReceivable
|
0 | USD |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-143920 | USD | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
90525 | USD | |
us-gaap |
Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
-432068 | USD | |
us-gaap |
Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
4755773 | USD | |
us-gaap |
Increase Decrease In Deferred Compensation
IncreaseDecreaseInDeferredCompensation
|
5388568 | USD | |
us-gaap |
Increase Decrease In Deferred Compensation
IncreaseDecreaseInDeferredCompensation
|
4951871 | USD | |
us-gaap |
Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
|
1653524 | USD | |
us-gaap |
Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
|
1709775 | USD | |
us-gaap |
Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
|
2268924 | USD | |
us-gaap |
Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
|
321697 | USD | |
us-gaap |
Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
|
-2188850 | USD | |
us-gaap |
Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
|
-252238 | USD | |
us-gaap |
Increase Decrease In Trading Securities
IncreaseDecreaseInTradingSecurities
|
5639151 | USD | |
us-gaap |
Increase Decrease In Trading Securities
IncreaseDecreaseInTradingSecurities
|
47246344 | USD | |
CY2017Q3 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
7240 | shares |
us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
5574 | shares | |
CY2018Q3 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
1760 | shares |
us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
1970 | shares | |
CY2017Q3 | us-gaap |
Investment Advisory Fees
InvestmentAdvisoryFees
|
33782603 | USD |
us-gaap |
Investment Advisory Fees
InvestmentAdvisoryFees
|
98105905 | USD | |
CY2018Q3 | us-gaap |
Investment Advisory Fees
InvestmentAdvisoryFees
|
34928205 | USD |
us-gaap |
Investment Advisory Fees
InvestmentAdvisoryFees
|
103085767 | USD | |
CY2017Q3 | us-gaap |
Investment Income Net
InvestmentIncomeNet
|
2767747 | USD |
us-gaap |
Investment Income Net
InvestmentIncomeNet
|
9673720 | USD | |
CY2018Q3 | us-gaap |
Investment Income Net
InvestmentIncomeNet
|
5210332 | USD |
us-gaap |
Investment Income Net
InvestmentIncomeNet
|
7216278 | USD | |
CY2017Q4 | us-gaap |
Investments
Investments
|
138476022 | USD |
CY2018Q3 | us-gaap |
Investments
Investments
|
212389477 | USD |
CY2018Q3 | us-gaap |
Investments
Investments
|
212400000 | USD |
CY2017Q3 | us-gaap |
Labor And Related Expense
LaborAndRelatedExpense
|
14446102 | USD |
us-gaap |
Labor And Related Expense
LaborAndRelatedExpense
|
42438985 | USD | |
CY2018Q3 | us-gaap |
Labor And Related Expense
LaborAndRelatedExpense
|
15441623 | USD |
us-gaap |
Labor And Related Expense
LaborAndRelatedExpense
|
44401217 | USD | |
CY2017Q4 | us-gaap |
Liabilities
Liabilities
|
57867693 | USD |
CY2018Q3 | us-gaap |
Liabilities
Liabilities
|
61436873 | USD |
CY2017Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
250388319 | USD |
CY2018Q3 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
346142760 | USD |
CY2017Q4 | us-gaap |
Liability For Uncertain Tax Positions Current
LiabilityForUncertainTaxPositionsCurrent
|
0 | USD |
CY2018Q3 | us-gaap |
Liability For Uncertain Tax Positions Current
LiabilityForUncertainTaxPositionsCurrent
|
800000 | USD |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
3232926 | USD | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
17658634 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-11136361 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-3272635 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
40603955 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
9631326 | USD | |
CY2017Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
12698847 | USD |
us-gaap |
Net Income Loss
NetIncomeLoss
|
38094182 | USD | |
CY2018Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
15208053 | USD |
us-gaap |
Net Income Loss
NetIncomeLoss
|
42567882 | USD | |
CY2017Q3 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
459252 | USD |
us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
1156385 | USD | |
CY2018Q3 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
1191317 | USD |
us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
1671640 | USD | |
us-gaap |
Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
|
-1671640 | USD | |
us-gaap |
Number Of Operating Segments
NumberOfOperatingSegments
|
1 | Segment | |
CY2017Q3 | us-gaap |
Operating Expenses
OperatingExpenses
|
19884297 | USD |
us-gaap |
Operating Expenses
OperatingExpenses
|
58757689 | USD | |
CY2018Q3 | us-gaap |
Operating Expenses
OperatingExpenses
|
20555802 | USD |
us-gaap |
Operating Expenses
OperatingExpenses
|
59712027 | USD | |
CY2017Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
16887332 | USD |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
48595555 | USD | |
CY2018Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
16915845 | USD |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
51469336 | USD | |
CY2018Q3 | us-gaap |
Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
|
4000016 | USD |
CY2018Q3 | us-gaap |
Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
|
624179 | USD |
CY2018Q3 | us-gaap |
Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
|
624179 | USD |
CY2018Q3 | us-gaap |
Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
|
614721 | USD |
CY2018Q3 | us-gaap |
Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
|
586350 | USD |
CY2018Q3 | us-gaap |
Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
|
1404000 | USD |
CY2018Q3 | us-gaap |
Operating Leases Future Minimum Payments Remainder Of Fiscal Year
OperatingLeasesFutureMinimumPaymentsRemainderOfFiscalYear
|
146587 | USD |
CY2017Q3 | us-gaap |
Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
|
235272 | USD |
us-gaap |
Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
|
700926 | USD | |
CY2018Q3 | us-gaap |
Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
|
238014 | USD |
us-gaap |
Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
|
732318 | USD | |
us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
2789949 | USD | |
us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
1602528 | USD | |
us-gaap |
Payments To Acquire Investments
PaymentsToAcquireInvestments
|
13372301 | USD | |
us-gaap |
Payments To Acquire Investments
PaymentsToAcquireInvestments
|
4362077 | USD | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
509750 | USD | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
699917 | USD | |
CY2017Q3 | us-gaap |
Performance Fees
PerformanceFees
|
0 | USD |
us-gaap |
Performance Fees
PerformanceFees
|
0 | USD | |
CY2018Q3 | us-gaap |
Performance Fees
PerformanceFees
|
600000.0 | USD |
us-gaap |
Performance Fees
PerformanceFees
|
600000.0 | USD | |
CY2017Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
1000000 | shares |
CY2018Q3 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
1000000 | shares |
CY2017Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
shares | |
CY2018Q3 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
shares | |
CY2017Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
shares | |
CY2018Q3 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
shares | |
CY2017Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
0 | USD |
CY2018Q3 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
0 | USD |
CY2017Q4 | us-gaap |
Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
|
2073343 | USD |
CY2018Q3 | us-gaap |
Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
|
2305652 | USD |
us-gaap |
Proceeds From Payments To Minority Shareholders
ProceedsFromPaymentsToMinorityShareholders
|
6022875 | USD | |
us-gaap |
Proceeds From Payments To Minority Shareholders
ProceedsFromPaymentsToMinorityShareholders
|
19261162 | USD | |
us-gaap |
Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
|
2745690 | USD | |
us-gaap |
Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
|
1789359 | USD | |
CY2017Q3 | us-gaap |
Profit Loss
ProfitLoss
|
13158099 | USD |
us-gaap |
Profit Loss
ProfitLoss
|
39250567 | USD | |
CY2018Q3 | us-gaap |
Profit Loss
ProfitLoss
|
16399370 | USD |
us-gaap |
Profit Loss
ProfitLoss
|
44239522 | USD | |
CY2017Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
4057901 | USD |
CY2018Q3 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
3908750 | USD |
CY2017Q4 | us-gaap |
Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
|
20076806 | USD |
CY2018Q3 | us-gaap |
Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
|
60714693 | USD |
CY2017Q4 | us-gaap |
Redeemable Noncontrolling Interest Equity Common Fair Value
RedeemableNoncontrollingInterestEquityCommonFairValue
|
20076806 | USD |
CY2018Q3 | us-gaap |
Redeemable Noncontrolling Interest Equity Common Fair Value
RedeemableNoncontrollingInterestEquityCommonFairValue
|
60714693 | USD |
CY2017Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
73369672 | USD |
CY2018Q3 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
115937554 | USD |
CY2017Q3 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
36771629 | USD |
us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
107353244 | USD | |
CY2018Q3 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
37471647 | USD |
us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
111181363 | USD | |
CY2017Q3 | us-gaap |
Revenues
Revenues
|
36771629 | USD |
us-gaap |
Revenues
Revenues
|
107353244 | USD | |
CY2018Q3 | us-gaap |
Revenues
Revenues
|
37471647 | USD |
us-gaap |
Revenues
Revenues
|
111181363 | USD | |
CY2017Q3 | us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
1230306 | USD |
us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
3612877 | USD | |
CY2018Q3 | us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
1281856 | USD |
us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
3793382 | USD | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
6258112 | USD | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
6472823 | USD | |
CY2017Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
|
191900 | shares |
CY2018Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
|
207500 | shares |
us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
1658358 | 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 |
CY2018Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
223991194 | USD |
CY2017Q4 | us-gaap |
Taxes Payable Current
TaxesPayableCurrent
|
0 | USD |
CY2018Q3 | us-gaap |
Taxes Payable Current
TaxesPayableCurrent
|
640811 | USD |
CY2017Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
3461418 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
3447976 | shares | |
CY2018Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
3532346 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
3514517 | shares | |
CY2017Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
3454178 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
3442402 | shares | |
CY2018Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
3530586 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
3512547 | 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 – 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’ 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’ 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
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<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 – 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 – 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
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<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> |