2017 Q4 Form 10-K Financial Statement

#000102919918000015 Filed on March 01, 2018

View on sec.gov

Income Statement

Concept 2017 Q4 2017 2016 Q4
Revenue $604.6M $2.252B $519.8M
YoY Change 16.32% 15.0% 10.47%
Cost Of Revenue $377.5M $1.356B $321.0M
YoY Change 17.6% 15.47% 10.65%
Gross Profit $227.2M $896.2M $198.8M
YoY Change 14.29% 14.3% 10.14%
Gross Profit Margin 37.58% 39.79% 38.24%
Selling, General & Admin $128.8M $190.3M $119.1M
YoY Change 8.14% 15.09% 11.31%
% of Gross Profit 56.69% 21.23% 59.91%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $25.50M $95.03M $21.60M
YoY Change 18.06% 18.01% 18.68%
% of Gross Profit 11.22% 10.6% 10.87%
Operating Expenses $154.2M $190.3M $140.7M
YoY Change 9.59% 15.09% 12.29%
Operating Profit $41.12M $266.0M $58.11M
YoY Change -29.23% 6.5% 5.22%
Interest Expense -$7.800M $32.57M -$15.80M
YoY Change -50.63% 14.96% 19.7%
% of Operating Profit -18.97% 12.24% -27.19%
Other Income/Expense, Net $100.0K -$9.662M $100.0K
YoY Change 0.0% -42.76%
Pretax Income $33.40M $256.3M $42.30M
YoY Change -21.04% 10.07% 0.48%
Income Tax $14.70M $99.40M $13.70M
% Of Pretax Income 44.01% 38.78% 32.39%
Net Earnings -$22.93M $156.8M $28.91M
YoY Change -179.32% -10.07% -13.67%
Net Earnings / Revenue -3.79% 6.96% 5.56%
Basic Earnings Per Share -$0.44 $2.99 $0.55
Diluted Earnings Per Share -$0.44 $2.85 $0.54
COMMON SHARES
Basic Shares Outstanding 52.68M shares 52.52M shares 52.21M shares
Diluted Shares Outstanding 55.12M shares

Balance Sheet

Concept 2017 Q4 2017 2016 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $819.1M $819.1M $734.4M
YoY Change 11.53% 11.53% 60.52%
Cash & Equivalents $280.1M $819.1M $734.4M
Short-Term Investments
Other Short-Term Assets $230.4M $230.4M $269.5M
YoY Change -14.51% -14.51% 51.4%
Inventory $95.67M $95.70M $78.12M
Prepaid Expenses
Receivables $744.9M $744.9M $503.0M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.890B $1.890B $1.585B
YoY Change 19.26% 19.26% 40.14%
LONG-TERM ASSETS
Property, Plant & Equipment $268.3M $268.3M $202.1M
YoY Change 32.73% 32.76% 28.45%
Goodwill $717.4M $689.7M
YoY Change 4.01% 0.66%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $113.6M $70.70M
YoY Change 60.71% 38.11%
Total Long-Term Assets $1.250B $1.250B $1.128B
YoY Change 10.81% 10.81% 6.23%
TOTAL ASSETS
Total Short-Term Assets $1.890B $1.890B $1.585B
Total Long-Term Assets $1.250B $1.250B $1.128B
Total Assets $3.140B $3.140B $2.713B
YoY Change 15.75% 15.74% 23.72%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $494.8M $494.8M $456.7M
YoY Change 8.34% 8.34% 0.11%
Accrued Expenses $301.4M $393.7M $210.3M
YoY Change 43.33% 18.66% 67.73%
Deferred Revenue
YoY Change
Short-Term Debt $27.76M $0.00 $23.89M
YoY Change 16.2% 316.89%
Long-Term Debt Due $41.29M $46.70M $32.16M
YoY Change 28.38% 31.55% 166.67%
Total Short-Term Liabilities $1.408B $1.408B $1.179B
YoY Change 19.39% 19.39% 30.44%
LONG-TERM LIABILITIES
Long-Term Debt $404.0M $413.8M $561.7M
YoY Change -28.07% -27.22% 38.52%
Other Long-Term Liabilities $64.10M $64.10M $20.50M
YoY Change 212.61% 212.68% 6.18%
Total Long-Term Liabilities $468.1M $477.9M $582.2M
YoY Change -19.59% -18.88% 37.05%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.408B $1.408B $1.179B
Total Long-Term Liabilities $468.1M $477.9M $582.2M
Total Liabilities $1.941B $1.942B $1.812B
YoY Change 7.08% 7.07% 32.6%
SHAREHOLDERS EQUITY
Retained Earnings $437.0M $278.8M
YoY Change 56.7% 167.02%
Common Stock $1.073B $1.047B
YoY Change 2.52% 2.19%
Preferred Stock
YoY Change
Treasury Stock (at cost) $217.2M $215.5M
YoY Change 0.79% 55.29%
Treasury Stock Shares 6.085M shares 6.086M shares
Shareholders Equity $1.199B $1.199B $899.5M
YoY Change
Total Liabilities & Shareholders Equity $3.140B $3.140B $2.713B
YoY Change 15.75% 15.74% 23.72%

Cashflow Statement

Concept 2017 Q4 2017 2016 Q4
OPERATING ACTIVITIES
Net Income -$22.93M $156.8M $28.91M
YoY Change -179.32% -10.07% -13.67%
Depreciation, Depletion And Amortization $25.50M $95.03M $21.60M
YoY Change 18.06% 18.01% 18.68%
Cash From Operating Activities $28.60M $286.3M $150.7M
YoY Change -81.02% -26.88% -1018.9%
INVESTING ACTIVITIES
Capital Expenditures -$27.80M $97.24M -$27.50M
YoY Change 1.09% 11.24% 42.49%
Acquisitions $0.00
YoY Change -100.0%
Other Investing Activities -$100.0K -$1.416M -$65.60M
YoY Change -99.85% 9.94% 4000.0%
Cash From Investing Activities -$27.90M -$101.9M -$93.10M
YoY Change -70.03% -25.28% 345.45%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $3.065M
YoY Change -96.04%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -287.7M -$161.1M 48.30M
YoY Change -695.65% -302.68% -248.62%
NET CHANGE
Cash From Operating Activities 28.60M $286.3M 150.7M
Cash From Investing Activities -27.90M -$101.9M -93.10M
Cash From Financing Activities -287.7M -$161.1M 48.30M
Net Change In Cash -287.0M $88.43M 105.9M
YoY Change -371.01% -71.41% -251.72%
FREE CASH FLOW
Cash From Operating Activities $28.60M $286.3M $150.7M
Capital Expenditures -$27.80M $97.24M -$27.50M
Free Cash Flow $56.40M $189.0M $178.2M
YoY Change -68.35% -37.84% 6044.83%

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273341000 USD
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358293000 USD
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369259000 USD
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475100000 USD
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503700000 USD
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1081849000 USD
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1174545000 USD
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1356250000 USD
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1567421000 USD
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72.18
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402500000 USD
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The base rate is the highest of (i) the Bank of America prime rate, (ii) the Federal Funds rate plus 0.50% or (iii) the Fixed LIBOR rate plus 1.00%.
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127025000 USD
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-5017000 USD
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850000 USD
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-10861000 USD
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44200000 USD
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51996000 USD
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15635000 USD
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13866000 USD
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128383000 USD
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96583000 USD
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108126000 USD
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34858000 USD
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25494000 USD
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12517000 USD
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9631000 USD
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10947000 USD
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14984000 USD
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9252000 USD
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7244000 USD
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16970000 USD
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14621000 USD
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20257000 USD
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30442000 USD
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9520000 USD
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7020000 USD
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14457000 USD
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11537000 USD
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27974000 USD
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29361000 USD
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4180000 USD
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3227000 USD
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2029000 USD
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4717000 USD
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40200000 USD
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48500000 USD
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63400000 USD
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70025000 USD
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80529000 USD
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95030000 USD
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70025000 USD
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80529000 USD
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95030000 USD
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0 USD
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0 USD
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49752000 USD
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15050000 USD
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7562000 USD
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7603000 USD
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1106000 USD
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2716000 USD
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75307000 USD
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36574000 USD
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75307000 USD
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36574000 USD
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17993000 USD
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13921000 USD
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63772000 USD
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22495000 USD
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63772000 USD
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22495000 USD
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12914000 USD
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4729000 USD
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63772000 USD
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22495000 USD
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0 USD
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0 USD
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49752000 USD
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15050000 USD
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1.04
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1.11
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3.23
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0.51
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1.80
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2.85
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-30373000 USD
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-22132000 USD
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56419000 USD
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0.302
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0.252
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0.388
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0.35
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0.35
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0.35
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700000 USD
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1000000 USD
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2300000 USD
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199842000 USD
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207133000 USD
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150347000 USD
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179142000 USD
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23000000 USD
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19200000 USD
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20200000 USD
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21200000 USD
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22000000 USD
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315678000 USD
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329685000 USD
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167972000 USD
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165331000 USD
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150543000 USD
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3895000 USD
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2286000 USD
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141094000 USD
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75307000 USD
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36574000 USD
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63772000 USD
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22495000 USD
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-41418000 USD
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-10200000 USD
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20300000 USD
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-41418000 USD
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-10200000 USD
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20300000 USD
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Goodwill
689713000 USD
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Goodwill
717386000 USD
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29871000 USD
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0 USD
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0 USD
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34056000 USD
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31770000 USD
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-25336000 USD
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59443000 USD
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232893000 USD
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256335000 USD
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0 USD
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0 USD
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48000 USD
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42602000 USD
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IncomeTaxExpenseBenefit
58795000 USD
CY2017 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
99395000 USD
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1724000 USD
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-8163000 USD
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-30224000 USD
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-13615000 USD
CY2016 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
-18432000 USD
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-24270000 USD
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49383000 USD
CY2016 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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81513000 USD
CY2017 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
89684000 USD
CY2015 us-gaap Income Tax Reconciliation Nondeductible Expense
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4947000 USD
CY2016 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
3482000 USD
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IncomeTaxReconciliationNondeductibleExpense
5648000 USD
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8248000 USD
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-684000 USD
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-1000 USD
CY2017 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
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-4845000 USD
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3058000 USD
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IncomeTaxReconciliationOtherAdjustments
1494000 USD
CY2017 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-4295000 USD
CY2015 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
894000 USD
CY2016 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
1341000 USD
CY2017 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
968000 USD
CY2015 us-gaap Income Tax Reconciliation Tax Contingencies Foreign
IncomeTaxReconciliationTaxContingenciesForeign
2400000 USD
CY2016 us-gaap Income Tax Reconciliation Tax Contingencies Foreign
IncomeTaxReconciliationTaxContingenciesForeign
2490000 USD
CY2017 us-gaap Income Tax Reconciliation Tax Contingencies Foreign
IncomeTaxReconciliationTaxContingenciesForeign
8426000 USD
CY2015 us-gaap Income Taxes Paid
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54607000 USD
CY2016 us-gaap Income Taxes Paid
IncomeTaxesPaid
43178000 USD
CY2017 us-gaap Income Taxes Paid
IncomeTaxesPaid
48644000 USD
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37453000 USD
CY2016 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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257287000 USD
CY2017 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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82795000 USD
CY2015 us-gaap Increase Decrease In Accounts Payable Trade
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39631000 USD
CY2016 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
9705000 USD
CY2017 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
3840000 USD
CY2015 us-gaap Increase Decrease In Accounts Receivable
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66075000 USD
CY2016 us-gaap Increase Decrease In Accounts Receivable
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87732000 USD
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CY2017 us-gaap Increase Decrease In Accrued Income Taxes Payable
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23183000 USD
CY2015 us-gaap Increase Decrease In Deferred Revenue
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3898000 USD
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CY2017 us-gaap Increase Decrease In Deferred Revenue
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3724000 USD
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-7058000 USD
CY2016 us-gaap Increase Decrease In Inventories
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6712000 USD
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11602000 USD
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1153000 USD
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CY2015 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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CY2016 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
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CY2017 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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CY2015 us-gaap Increase Decrease In Restricted Cash For Operating Activities
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CY2017 us-gaap Increase Decrease In Restricted Cash For Operating Activities
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18904 shares
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CY2016 us-gaap Interest Paid
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CY2017 us-gaap Interest Paid
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2170000 USD
CY2016 us-gaap Investment Income Interest
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1696000 USD
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2443000 USD
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LaborAndRelatedExpense
288420000 USD
CY2017 us-gaap Labor And Related Expense
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310787000 USD
CY2015 us-gaap Lease And Rental Expense
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63000000 USD
CY2016 us-gaap Lease And Rental Expense
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80000000 USD
CY2017 us-gaap Lease And Rental Expense
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105000000 USD
CY2017Q4 us-gaap Letters Of Credit Outstanding Amount
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85300000 USD
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1812315000 USD
CY2017Q4 us-gaap Liabilities
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1940551000 USD
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2712872000 USD
CY2017Q4 us-gaap Liabilities And Stockholders Equity
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1179100000 USD
CY2017Q4 us-gaap Liabilities Current
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1407720000 USD
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3000000 USD
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CY2017Q4 us-gaap Line Of Credit Facility Fair Value Of Amount Outstanding
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0.024
CY2017Q4 us-gaap Line Of Credit Facility Interest Rate At Period End
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CY2017Q4 us-gaap Loans Payable To Bank
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51094000 USD
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41288000 USD
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0 USD
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13600000 USD
CY2017Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
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0 USD
CY2017Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
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0 USD
CY2017Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
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402500000 USD
CY2017Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
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40600000 USD
CY2016Q4 us-gaap Long Term Debt Noncurrent
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CY2017Q4 us-gaap Long Term Debt Noncurrent
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0.021
CY2017Q4 us-gaap Longterm Debt Weighted Average Interest Rate
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0.029
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CY2017Q4 us-gaap Minority Interest
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215054000 USD
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368182000 USD
CY2017 us-gaap Net Cash Provided By Used In Operating Activities
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CY2016Q1 us-gaap Operating Income Loss
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OperatingIncomeLoss
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OperatingIncomeLoss
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OperatingIncomeLoss
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OperatingIncomeLoss
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CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due Current
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CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
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CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
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CY2017 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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116401000 USD
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19449000 USD
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118000 USD
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7549000 USD
CY2017 us-gaap Other Significant Noncash Transaction Value Of Consideration Received1
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3065000 USD
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113969000 USD
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68266000 USD
CY2017 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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0 USD
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6391000 USD
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6175000 USD
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6039000 USD
CY2015 us-gaap Payments To Acquire Property Plant And Equipment
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74620000 USD
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87411000 USD
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97235000 USD
CY2016Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
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0.02
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0.02
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10000000 shares
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10000000 shares
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0 shares
CY2017Q4 us-gaap Preferred Stock Shares Issued
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0 shares
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CY2017 us-gaap Proceeds From Issuance Or Sale Of Equity
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CY2017 us-gaap Proceeds From Lines Of Credit
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CY2015 us-gaap Proceeds From Sale Of Equity Method Investments
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CY2016 us-gaap Proceeds From Sale Of Equity Method Investments
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11900000 USD
CY2017 us-gaap Proceeds From Sale Of Equity Method Investments
ProceedsFromSaleOfEquityMethodInvestments
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7800000 USD
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4100000 USD
CY2017 us-gaap Proceeds From Stock Options Exercised
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9500000 USD
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202145000 USD
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268303000 USD
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800000 USD
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300000 USD
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300000 USD
CY2017 us-gaap Related Party Transaction Expenses From Transactions With Related Party
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400000 USD
CY2015 us-gaap Repayments Of Lines Of Credit
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1318759000 USD
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2495632000 USD
CY2017 us-gaap Repayments Of Lines Of Credit
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2566621000 USD
CY2015 us-gaap Repayments Of Long Term Capital Lease Obligations
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3211000 USD
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2943000 USD
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4883000 USD
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5156000 USD
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7031000 USD
CY2017 us-gaap Repayments Of Other Long Term Debt
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8907000 USD
CY2016Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
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77674000 USD
CY2017Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
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81374000 USD
CY2016Q4 us-gaap Retained Earnings Accumulated Deficit
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278842000 USD
CY2017Q4 us-gaap Retained Earnings Accumulated Deficit
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436954000 USD
CY2015 us-gaap Sales Revenue Net
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1772262000 USD
CY2016Q1 us-gaap Sales Revenue Net
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437894000 USD
CY2016Q2 us-gaap Sales Revenue Net
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476867000 USD
CY2016Q3 us-gaap Sales Revenue Net
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524025000 USD
CY2016Q4 us-gaap Sales Revenue Net
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519829000 USD
CY2016 us-gaap Sales Revenue Net
SalesRevenueNet
1958615000 USD
CY2017Q1 us-gaap Sales Revenue Net
SalesRevenueNet
473380000 USD
CY2017Q2 us-gaap Sales Revenue Net
SalesRevenueNet
536563000 USD
CY2017Q3 us-gaap Sales Revenue Net
SalesRevenueNet
637834000 USD
CY2017Q4 us-gaap Sales Revenue Net
SalesRevenueNet
604645000 USD
CY2017 us-gaap Sales Revenue Net
SalesRevenueNet
2252422000 USD
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156385000 USD
CY2016 us-gaap Selling General And Administrative Expense
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165348000 USD
CY2017 us-gaap Selling General And Administrative Expense
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190302000 USD
CY2016Q4 us-gaap Settlement Liabilities Current
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219601000 USD
CY2017Q4 us-gaap Settlement Liabilities Current
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343613000 USD
CY2015 us-gaap Share Based Compensation
ShareBasedCompensation
12802000 USD
CY2016 us-gaap Share Based Compensation
ShareBasedCompensation
14983000 USD
CY2017 us-gaap Share Based Compensation
ShareBasedCompensation
15618000 USD
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
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0.327
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.333
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.288
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageVolatilityRate
0.306
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageVolatilityRate
0.363
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageVolatilityRate
0.184
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
3400000 shares
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
2154790 shares
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
2206415 shares
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
27.13
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
22800000 USD
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
12300000 USD
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
23200000 USD
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
28087 shares
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
309553 shares
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
137624000 USD
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
3310976 shares
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
3231493 shares
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
36.20
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
42.42
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber
3061733 shares
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
136136000 USD
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
40.42
CY2017 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
26.26
CY2017 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
63.54
CY2017 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
91.99
CY2015 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P3M
CY2016 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P3M
CY2017 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P3M
CY2017Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
126066000 USD
CY2017 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P4Y0M
CY2017 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P5Y5M
CY2017 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P5Y3M
CY2017 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageRemainingContractualTerm2
P3Y8M
CY2017 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
360949 shares
CY2015 us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
43061000 USD
CY2016 us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
0 USD
CY2017 us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
0 USD
CY2015 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
6825000 USD
CY2016 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
6292000 USD
CY2017 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
8415000 USD
CY2016Q4 us-gaap Stockholders Equity
StockholdersEquity
899549000 USD
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
1198518000 USD
CY2014Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
732812000 USD
CY2015Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
825928000 USD
CY2016Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
900557000 USD
CY2017Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1199478000 USD
CY2015 us-gaap Stockholders Equity Other
StockholdersEquityOther
-223000 USD
CY2017 us-gaap Stockholders Equity Other
StockholdersEquityOther
1547000 USD
CY2016Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
6085841 shares
CY2017Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
6084586 shares
CY2016 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
642000 USD
CY2017 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
321000 USD
CY2016Q4 us-gaap Treasury Stock Value
TreasuryStockValue
215462000 USD
CY2017Q4 us-gaap Treasury Stock Value
TreasuryStockValue
217161000 USD
CY2015 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
85000 USD
CY2016 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
75569000 USD
CY2016Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
8324000 USD
CY2017Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
5816000 USD
CY2015Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
16370000 USD
CY2016Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
17988000 USD
CY2017Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
28537000 USD
CY2016 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
255000 USD
CY2017 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
0 USD
CY2016Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
2100000 USD
CY2017Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
3500000 USD
CY2016 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
5847000 USD
CY2017 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
8364000 USD
CY2016 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
0 USD
CY2017 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
3157000 USD
CY2016 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
3332000 USD
CY2017 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
651000 USD
CY2016Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
15100000 USD
CY2017Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
26700000 USD
CY2015 us-gaap Valuation Allowances And Reserves Adjustments
ValuationAllowancesAndReservesAdjustments
-1753000 USD
CY2016 us-gaap Valuation Allowances And Reserves Adjustments
ValuationAllowancesAndReservesAdjustments
-488000 USD
CY2017 us-gaap Valuation Allowances And Reserves Adjustments
ValuationAllowancesAndReservesAdjustments
1902000 USD
CY2015 us-gaap Valuation Allowances And Reserves Charged To Cost And Expense
ValuationAllowancesAndReservesChargedToCostAndExpense
8209000 USD
CY2016 us-gaap Valuation Allowances And Reserves Charged To Cost And Expense
ValuationAllowancesAndReservesChargedToCostAndExpense
6556000 USD
CY2017 us-gaap Valuation Allowances And Reserves Charged To Cost And Expense
ValuationAllowancesAndReservesChargedToCostAndExpense
6631000 USD
CY2015 us-gaap Valuation Allowances And Reserves Deductions
ValuationAllowancesAndReservesDeductions
7862000 USD
CY2016 us-gaap Valuation Allowances And Reserves Deductions
ValuationAllowancesAndReservesDeductions
6839000 USD
CY2017 us-gaap Valuation Allowances And Reserves Deductions
ValuationAllowancesAndReservesDeductions
5944000 USD
CY2015 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1783199 shares
CY2016 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1705224 shares
CY2017 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1793375 shares
CY2015 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
54076676 shares
CY2016 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
54001079 shares
CY2017 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
55116327 shares
CY2015 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
52274573 shares
CY2016 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
52276951 shares
CY2017 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
52523272 shares
CY2017 us-gaap Basis Of Accounting
BasisOfAccounting
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Basis of Preparation</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-bottom:8px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States (&#8220;U.S. GAAP&#8221;) and pursuant to the rules and regulations of the Securities and Exchange Commission (&#8220;SEC&#8221;). The consolidated financial statements include the accounts of Euronet and its wholly owned and majority owned subsidiaries and all significant intercompany balances and transactions have been eliminated. Euronet's investments in companies that it does not control, but has the ability to significantly influence, are accounted for under the equity method. Euronet is not involved with any variable interest entities. Results from operations related to entities acquired during the periods covered by the consolidated financial statements are reflected from the effective date of acquisition.</font></div><div style="line-height:120%;padding-bottom:8px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of the consolidated financial statements in conformity with U.S. GAAP requires that management make a number of estimates and assumptions relating to the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities and the reported amounts of revenues and expenses. Significant items subject to such estimates and assumptions include computing income taxes, contingent purchase price consideration, estimating the useful lives and potential impairment of long-lived assets and goodwill, as well as allocating the purchase price to assets acquired and liabilities assumed in acquisitions and revenue recognition. Actual results could differ from those estimates.</font></div><div style="line-height:120%;padding-bottom:8px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Seasonality</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;"> </font></div><div style="line-height:120%;padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Euronet&#8217;s EFT Processing Segment experiences its heaviest demand for dynamic currency conversion services during the third quarter of the fiscal year, coinciding with the tourism season. Additionally, the EFT Processing and epay Segments are impacted by seasonality during the fourth quarter and first quarter of each year due to higher transaction levels during the holiday season and lower levels following the holiday season. Seasonality in the money transfer segment varies by region of the world. In most markets, Euronet usually experiences increased demand for money transfer services from the month of May through the fourth quarter of each year, coinciding with the increase in worker migration patterns and various holidays, and its lowest transaction levels during the first quarter of the year.</font></div></div>
CY2017 us-gaap Derivatives Methods Of Accounting Hedging Derivatives
DerivativesMethodsOfAccountingHedgingDerivatives
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:12px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Accounting for derivative instruments and hedging activities</font></div><div style="line-height:120%;padding-bottom:12px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company accounts for derivative instruments and hedging activities in accordance with ASC Topic 815, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Derivatives and Hedging </font><font style="font-family:inherit;font-size:10pt;">(&#8220;ASC 815&#8221;), which requires that all derivative instruments be recognized as either assets or liabilities on the balance sheet at fair value. Primarily in the Money Transfer Segment, the Company enters into foreign currency derivative contracts, mainly forward contracts, to offset foreign currency exposure related to money transfer settlement assets and liabilities in currencies other than the U.S. dollar, derivative contracts written to its customers arising from its cross-currency money transfer services and certain assets and liability positions denominated in currencies other than the U.S. dollar. These contracts are considered derivative instruments under the provisions of ASC 815; however, the Company does not designate such instruments as hedges for accounting purposes. Accordingly, changes in the value of these contracts are recognized immediately as a component of foreign currency exchange gain (loss), net in the Consolidated Statements of Income. </font></div><div style="line-height:120%;padding-bottom:12px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Cash flows resulting from derivative instruments are included in operating activities in the Company's Consolidated Statements of Cash Flows. The Company enters into derivative instruments with highly credit-worthy financial institutions and does not use derivative instruments for trading or speculative purposes. See Note 11, Derivative Instruments and Hedging Activities, to the Consolidated Financial Statements for further discussion of derivative instruments.</font></div></div>

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