2018 Form 10-K Financial Statement

#000136090119000006 Filed on February 22, 2019

View on sec.gov

Income Statement

Concept 2018 2017 Q4 2017 Q3
Revenue $2.082B $540.0M $412.0M
YoY Change 20.77% 21.25% 5.35%
Cost Of Revenue $17.80M $5.000M $5.400M
YoY Change -11.0% 6.38% 12.5%
Gross Profit $2.065B $540.0M $406.6M
YoY Change 21.15% 21.24% 5.25%
Gross Profit Margin 99.15% 99.99% 98.69%
Selling, General & Admin $1.460B $335.9M $302.2M
YoY Change 23.05% 4.22% 7.01%
% of Gross Profit 70.72% 62.2% 74.32%
Research & Development $41.32M $10.61M
YoY Change -0.18% 4.51%
% of Gross Profit 2.0% 2.61%
Depreciation & Amortization $17.86M $7.500M $6.500M
YoY Change 18.83% 20.97% 10.17%
% of Gross Profit 0.86% 1.39% 1.6%
Operating Expenses $1.523B $355.9M $319.5M
YoY Change 19.37% 2.26% 6.08%
Operating Profit $542.1M $184.1M $87.07M
YoY Change 26.43% 89.05% 2.35%
Interest Expense $17.77M $3.300M $5.413M
YoY Change -11.13% 32.0% 13.08%
% of Operating Profit 3.28% 1.79% 6.22%
Other Income/Expense, Net
YoY Change
Pretax Income $551.4M $187.5M $88.90M
YoY Change 25.98% 87.72% 3.05%
Income Tax $108.5M $188.9M $28.82M
% Of Pretax Income 19.68% 100.75% 32.41%
Net Earnings $377.2M -$19.41M $45.91M
YoY Change 200.7% -144.7% 32.33%
Net Earnings / Revenue 18.11% -3.59% 11.14%
Basic Earnings Per Share $9.29 -$0.50 $1.18
Diluted Earnings Per Share $8.33 -$0.50 $1.04
COMMON SHARES
Basic Shares Outstanding 40.60M shares 39.05M shares
Diluted Shares Outstanding 45.28M shares 44.04M shares

Balance Sheet

Concept 2018 2017 Q4 2017 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.098B $674.6M $555.6M
YoY Change 46.62% 7.94% 8.41%
Cash & Equivalents $790.6M $609.6M $439.9M
Short-Term Investments $307.3M $65.03M $115.8M
Other Short-Term Assets $48.90M $30.02M $20.17M
YoY Change -3.17% 25.35% 6.68%
Inventory
Prepaid Expenses
Receivables $334.8M $185.0M $206.9M
Other Receivables $0.00 $17.00M $16.90M
Total Short-Term Assets $1.482B $1.000B $863.4M
YoY Change 48.13% 8.06% 18.64%
LONG-TERM ASSETS
Property, Plant & Equipment $81.10M $68.59M $67.60M
YoY Change 18.22% 32.8% 46.84%
Goodwill $134.2M $133.9M
YoY Change -16.61% -18.26%
Intangibles $19.58M $21.95M
YoY Change -33.34% -31.21%
Long-Term Investments $90.60M $59.86M $99.20M
YoY Change -7.83% -24.91% 14.64%
Other Assets $330.0M $264.0M $374.9M
YoY Change 25.0% -30.18% 1.35%
Total Long-Term Assets $644.1M $584.7M $697.6M
YoY Change 10.16% -20.64% -4.94%
TOTAL ASSETS
Total Short-Term Assets $1.482B $1.000B $863.4M
Total Long-Term Assets $644.1M $584.7M $697.6M
Total Assets $2.126B $1.585B $1.561B
YoY Change 34.12% -4.66% 6.8%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $37.90M $34.10M $33.00M
YoY Change 11.14% 11.07% 0.0%
Accrued Expenses $602.1M $340.2M $307.1M
YoY Change 76.98% 1.7% 41.0%
Deferred Revenue $3.147M
YoY Change
Short-Term Debt $25.10M $30.00M $33.90M
YoY Change -16.33% -3.85% 10.06%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $749.7M $464.1M $422.8M
YoY Change 61.54% 0.14% 21.69%
LONG-TERM LIABILITIES
Long-Term Debt $168.6M $175.1M $175.1M
YoY Change -3.71% -5.15% -5.15%
Other Long-Term Liabilities $199.4M $58.95M $55.91M
YoY Change 33.56% 3.71% 28.17%
Total Long-Term Liabilities $368.0M $58.95M $55.91M
YoY Change 13.44% 3.71% 28.17%
TOTAL LIABILITIES
Total Short-Term Liabilities $749.7M $464.1M $422.8M
Total Long-Term Liabilities $368.0M $58.95M $55.91M
Total Liabilities $1.368B $788.5M $833.1M
YoY Change 31.38% -10.3% 9.37%
SHAREHOLDERS EQUITY
Retained Earnings $79.46M $117.4M
YoY Change 290.61% -1738.98%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.105B $1.103B
YoY Change 36.19% 36.86%
Treasury Stock Shares 23.02M shares 22.99M shares
Shareholders Equity $758.1M $544.0M $475.6M
YoY Change
Total Liabilities & Shareholders Equity $2.126B $1.585B $1.561B
YoY Change 34.12% -4.66% 6.8%

Cashflow Statement

Concept 2018 2017 Q4 2017 Q3
OPERATING ACTIVITIES
Net Income $377.2M -$19.41M $45.91M
YoY Change 200.7% -144.7% 32.33%
Depreciation, Depletion And Amortization $17.86M $7.500M $6.500M
YoY Change 18.83% 20.97% 10.17%
Cash From Operating Activities $849.6M $180.9M $170.5M
YoY Change 67.49% 5.48% -29.31%
INVESTING ACTIVITIES
Capital Expenditures -$33.30M -$6.200M -$8.300M
YoY Change 6.39% -37.37% 118.42%
Acquisitions $0.00
YoY Change
Other Investing Activities -$179.2M $23.70M -$55.90M
YoY Change 669.1% 347.17% 975.0%
Cash From Investing Activities -$212.6M $17.60M -$64.20M
YoY Change 289.02% -482.61% 613.33%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$452.9M -41.50M -82.20M
YoY Change 8.04% -6.32% 193.57%
NET CHANGE
Cash From Operating Activities $849.6M 180.9M 170.5M
Cash From Investing Activities -$212.6M 17.60M -64.20M
Cash From Financing Activities -$452.9M -41.50M -82.20M
Net Change In Cash $182.7M 157.0M 24.10M
YoY Change 337.65% 28.06% -88.2%
FREE CASH FLOW
Cash From Operating Activities $849.6M $180.9M $170.5M
Capital Expenditures -$33.30M -$6.200M -$8.300M
Free Cash Flow $882.9M $187.1M $178.8M
YoY Change 63.94% 3.14% -27.02%

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0.001
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34111000 USD
CY2018Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
37948000 USD
CY2017Q4 us-gaap Accounts Payable Related Parties Current
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31167000 USD
CY2018Q4 us-gaap Accounts Payable Related Parties Current
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31894000 USD
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184993000 USD
CY2018Q4 us-gaap Accounts Receivable Net
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309075000 USD
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340165000 USD
CY2018Q4 us-gaap Accrued Employee Benefits Current
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602122000 USD
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70264000 USD
CY2018Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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89494000 USD
CY2018Q4 us-gaap Accumulated Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
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-3525000 USD
CY2018Q4 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
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-26909000 USD
CY2017Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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-31411000 USD
CY2018Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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CY2018Q4 us-gaap Additional Paid In Capital
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1818100000 USD
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44729000 USD
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46583000 USD
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CY2018Q4 us-gaap Allowance For Doubtful Accounts Receivable
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9793000 USD
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9199000 USD
CY2016 us-gaap Asset Impairment Charges
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8100000 USD
CY2017 us-gaap Asset Impairment Charges
AssetImpairmentCharges
21507000 USD
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AssetImpairmentCharges
0 USD
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CY2017Q4 us-gaap Assets
Assets
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CY2018Q4 us-gaap Assets
Assets
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CY2018Q4 us-gaap Assets Current
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CY2017Q4 us-gaap Assets Fair Value Disclosure
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97852000 USD
CY2018Q4 us-gaap Assets Fair Value Disclosure
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257717000 USD
CY2017Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
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1806000 USD
CY2018Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
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1622000 USD
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1602000 USD
CY2018Q4 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost
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1231000 USD
CY2017Q4 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
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1591000 USD
CY2018Q4 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
1241000 USD
CY2017Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost
204000 USD
CY2018Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost
391000 USD
CY2017Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
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204000 USD
CY2018Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
391000 USD
CY2017Q4 us-gaap Available For Sale Securities Debt Securities
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1795000 USD
CY2018Q4 us-gaap Available For Sale Securities Debt Securities
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1632000 USD
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BusinessCombinationAcquisitionRelatedCosts
99000 USD
CY2017 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
1673000 USD
CY2018 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
21000 USD
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BusinessCombinationContingentConsiderationAsset
488000 USD
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558524000 USD
CY2017Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
609587000 USD
CY2018Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
790590000 USD
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463257000 USD
CY2016Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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575637000 USD
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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617385000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
800096000 USD
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
112380000 USD
CY2017 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
41748000 USD
CY2018 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
182711000 USD
CY2017Q4 us-gaap Certificates Of Deposit At Carrying Value
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63527000 USD
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100000000 USD
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CY2018Q4 us-gaap Commitments And Contingencies
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1.42
CY2018 us-gaap Common Stock Dividends Per Share Cash Paid
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1.90
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0.34
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0.34
CY2017Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.34
CY2017Q4 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.40
CY2017 us-gaap Common Stock Dividends Per Share Declared
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1.42
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0.40
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0.50
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0.50
CY2018Q4 us-gaap Common Stock Dividends Per Share Declared
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0.50
CY2018 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.90
CY2016 us-gaap Communications And Information Technology
CommunicationsAndInformationTechnology
40277000 USD
CY2017 us-gaap Communications And Information Technology
CommunicationsAndInformationTechnology
41393000 USD
CY2018 us-gaap Communications And Information Technology
CommunicationsAndInformationTechnology
41319000 USD
CY2016 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
91971000 USD
CY2017 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
144139000 USD
CY2018 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
375988000 USD
CY2016 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
37247000 USD
CY2017 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
57128000 USD
CY2018 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
65408000 USD
CY2016 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
129218000 USD
CY2017 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
201267000 USD
CY2018 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
441396000 USD
CY2017Q4 us-gaap Contract With Customer Asset Gross Current
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0 USD
CY2018Q4 us-gaap Contract With Customer Asset Gross Current
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2833000 USD
CY2017Q4 us-gaap Contract With Customer Asset Gross Noncurrent
ContractWithCustomerAssetGrossNoncurrent
0 USD
CY2018Q4 us-gaap Contract With Customer Asset Gross Noncurrent
ContractWithCustomerAssetGrossNoncurrent
541000 USD
CY2017Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
3147000 USD
CY2018Q4 us-gaap Contract With Customer Liability Current
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4016000 USD
CY2017Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
1834000 USD
CY2018Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
1731000 USD
CY2018 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
16468000 USD
CY2017Q4 us-gaap Cumulative Effect Of New Accounting Principle In Period Of Adoption
CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption
0 USD
CY2016 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
79596000 USD
CY2017 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
85371000 USD
CY2018 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
80690000 USD
CY2016 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
10832000 USD
CY2017 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
9796000 USD
CY2018 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
7360000 USD
CY2016 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
109260000 USD
CY2017 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
110122000 USD
CY2018 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
112501000 USD
CY2016 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
18832000 USD
CY2017 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
14955000 USD
CY2018 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
24451000 USD
CY2016 us-gaap Deferred Compensation Arrangement With Individual Compensation Expense
DeferredCompensationArrangementWithIndividualCompensationExpense
15504000 USD
CY2017 us-gaap Deferred Compensation Arrangement With Individual Compensation Expense
DeferredCompensationArrangementWithIndividualCompensationExpense
24677000 USD
CY2018 us-gaap Deferred Compensation Arrangement With Individual Compensation Expense
DeferredCompensationArrangementWithIndividualCompensationExpense
58430000 USD
CY2016 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
11510000 USD
CY2017 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
150800000 USD
CY2018 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-4771000 USD
CY2016 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-1439000 USD
CY2017 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-3464000 USD
CY2018 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
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CY2016 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
10043000 USD
CY2017 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
148320000 USD
CY2018 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-3981000 USD
CY2017Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
20241000 USD
CY2018Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
18873000 USD
CY2016 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-28000 USD
CY2017 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
984000 USD
CY2018 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
851000 USD
CY2017Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
225541000 USD
CY2018Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
268186000 USD
CY2017Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
198894000 USD
CY2018Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
241092000 USD
CY2017Q4 us-gaap Deferred Tax Assets Other
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20282000 USD
CY2018Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
24720000 USD
CY2017Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits
46697000 USD
CY2018Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits
61541000 USD
CY2017Q4 us-gaap Deferred Tax Assets Valuation Allowance
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6406000 USD
CY2018Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
8221000 USD
CY2018Q4 us-gaap Deferred Tax Assets Valuation Allowance Noncurrent
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3249000 USD
CY2018 us-gaap Defined Contribution Plan Maximum Annual Contributions Per Employee Percent
DefinedContributionPlanMaximumAnnualContributionsPerEmployeePercent
0.1
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25223000 USD
CY2017 us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
26032000 USD
CY2018 us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
29374000 USD
CY2016 us-gaap Depreciation And Amortization
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24800000 USD
CY2017 us-gaap Depreciation And Amortization
DepreciationAndAmortization
24819000 USD
CY2018 us-gaap Depreciation And Amortization
DepreciationAndAmortization
27054000 USD
CY2016 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
13160000 USD
CY2017 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
15026000 USD
CY2018 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
17855000 USD
CY2016 us-gaap Dividends
Dividends
51558000 USD
CY2017 us-gaap Dividends
Dividends
66336000 USD
CY2017 us-gaap Dividends Common Stock Cash
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56521000 USD
CY2018 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
77302000 USD
CY2017 us-gaap Dividends Share Based Compensation Cash
DividendsShareBasedCompensationCash
9815000 USD
CY2018 us-gaap Dividends Share Based Compensation Cash
DividendsShareBasedCompensationCash
12288000 USD
CY2018 us-gaap Dividends
Dividends
89590000 USD
CY2017Q4 us-gaap Due From Employees
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15930000 USD
CY2018Q4 us-gaap Due From Employees
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22889000 USD
CY2017Q4 us-gaap Due From Related Parties
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17030000 USD
CY2018Q4 us-gaap Due From Related Parties
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23836000 USD
CY2017Q4 us-gaap Due To Affiliate Current
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17996000 USD
CY2018Q4 us-gaap Due To Affiliate Current
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22167000 USD
CY2016 us-gaap Earnings Per Share Basic
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2.74
CY2017Q1 us-gaap Earnings Per Share Basic
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2.00
CY2017Q2 us-gaap Earnings Per Share Basic
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0.45
CY2017Q3 us-gaap Earnings Per Share Basic
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1.18
CY2017Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.50
CY2017 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.16
CY2018Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.36
CY2018Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.69
CY2018Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.21
CY2018Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
4.07
CY2018 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
9.29
CY2016 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.43
CY2017Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.76
CY2017Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.41
CY2017Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.04
CY2017Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.50
CY2017 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.80
CY2018Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.10
CY2018Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.52
CY2018Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.08
CY2018Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.67
CY2018 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
8.33
CY2016 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-25347000 USD
CY2017 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
8383000 USD
CY2018 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-1370000 USD
CY2016 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.445
CY2017 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.591
CY2018 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.197
CY2016 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
CY2017 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
CY2018 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2016 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.000
CY2017 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.011
CY2018 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.003
CY2016 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0.000
CY2017 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0.327
CY2018 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0.001
CY2016 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.007
CY2017 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.011
CY2018 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.002
CY2016 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
0.099
CY2017 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
0.016
CY2018 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
0.012
CY2016 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.000
CY2017 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.001
CY2018 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.001
CY2017 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Amount
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitAmount
24003000 USD
CY2018 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Amount
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitAmount
23350000 USD
CY2016 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.048
CY2017 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.031
CY2018 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.036
CY2016 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
44209000 USD
CY2017 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
53402000 USD
CY2018 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
39958000 USD
CY2016 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
183000 USD
CY2017 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
2072000 USD
CY2018 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
2143000 USD
CY2017Q4 us-gaap Equity Method Investments
EquityMethodInvestments
59856000 USD
CY2018Q4 us-gaap Equity Method Investments
EquityMethodInvestments
58507000 USD
CY2017Q4 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueAmount
1079000 USD
CY2018Q4 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueAmount
1079000 USD
CY2017Q4 us-gaap Financial Instruments Owned And Pledged As Collateral At Fair Value
FinancialInstrumentsOwnedAndPledgedAsCollateralAtFairValue
19374000 USD
CY2018Q4 us-gaap Financial Instruments Owned And Pledged As Collateral At Fair Value
FinancialInstrumentsOwnedAndPledgedAsCollateralAtFairValue
22349000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
32018000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
41217000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
7866000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
0 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
334000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
996000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
1182000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
51595000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
51595000 USD
CY2016 us-gaap Floor Brokerage Exchange And Clearance Fees
FloorBrokerageExchangeAndClearanceFees
17544000 USD
CY2017 us-gaap Floor Brokerage Exchange And Clearance Fees
FloorBrokerageExchangeAndClearanceFees
14778000 USD
CY2018 us-gaap Floor Brokerage Exchange And Clearance Fees
FloorBrokerageExchangeAndClearanceFees
11470000 USD
CY2016 us-gaap Foreign Currency Transaction Loss Before Tax
ForeignCurrencyTransactionLossBeforeTax
0 USD
CY2017 us-gaap Foreign Currency Transaction Loss Before Tax
ForeignCurrencyTransactionLossBeforeTax
16266000 USD
CY2018 us-gaap Foreign Currency Transaction Loss Before Tax
ForeignCurrencyTransactionLossBeforeTax
0 USD
CY2017Q4 us-gaap Furniture And Fixtures Gross
FurnitureAndFixturesGross
31715000 USD
CY2018Q4 us-gaap Furniture And Fixtures Gross
FurnitureAndFixturesGross
39349000 USD
CY2016 us-gaap Gain Loss On Investments
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-1124000 USD
CY2017 us-gaap Gain Loss On Investments
GainLossOnInvestments
32000 USD
CY2018 us-gaap Gain Loss On Investments
GainLossOnInvestments
-10718000 USD
CY2016 us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
0 USD
CY2017 us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
7808000 USD
CY2018 us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
0 USD
CY2016Q4 us-gaap Goodwill
Goodwill
160961000 USD
CY2017Q4 us-gaap Goodwill
Goodwill
134231000 USD
CY2018Q4 us-gaap Goodwill
Goodwill
131387000 USD
CY2017 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
8819000 USD
CY2018 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-2844000 USD
CY2016Q4 us-gaap Goodwill Gross
GoodwillGross
189461000 USD
CY2017Q4 us-gaap Goodwill Gross
GoodwillGross
169838000 USD
CY2018Q4 us-gaap Goodwill Gross
GoodwillGross
166994000 USD
CY2016Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
28500000 USD
CY2017Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
35607000 USD
CY2018Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
35607000 USD
CY2017 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
7107000 USD
CY2017 us-gaap Goodwill Impairment Loss Net Of Tax
GoodwillImpairmentLossNetOfTax
3694000 USD
CY2017 us-gaap Goodwill Other Increase Decrease
GoodwillOtherIncreaseDecrease
-28442000 USD
CY2016 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
107528000 USD
CY2017 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
125454000 USD
CY2018 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
377240000 USD
CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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267815000 USD
CY2017Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
112939000 USD
CY2017Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
48336000 USD
CY2017Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
88897000 USD
CY2017Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
187477000 USD
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
437649000 USD
CY2018Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
114674000 USD
CY2018Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
107201000 USD
CY2018Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
76838000 USD
CY2018Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
252658000 USD
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
551371000 USD
CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
261174000 USD
CY2017Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
111329000 USD
CY2017Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
46266000 USD
CY2017Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
87070000 USD
CY2017Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
184146000 USD
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
428811000 USD
CY2018Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
112549000 USD
CY2018Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
104782000 USD
CY2018Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
74540000 USD
CY2018Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
250206000 USD
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
542077000 USD
CY2016 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
6641000 USD
CY2017Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
1610000 USD
CY2017Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
2070000 USD
CY2017Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
1827000 USD
CY2017Q4 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
3331000 USD
CY2017 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
8838000 USD
CY2018Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
2125000 USD
CY2018Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
2419000 USD
CY2018Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
2298000 USD
CY2018Q4 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
2452000 USD
CY2018 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
9294000 USD
CY2016 us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
-2602000 USD
CY2017 us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
513000 USD
CY2018 us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
-1352000 USD
CY2016 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
119303000 USD
CY2017Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
18292000 USD
CY2017Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
22459000 USD
CY2017Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
28815000 USD
CY2017Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
188876000 USD
CY2017 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
258442000 USD
CY2018Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
4938000 USD
CY2018Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
25541000 USD
CY2018Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
17539000 USD
CY2018Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
60502000 USD
CY2018 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
108520000 USD
CY2016 us-gaap Income Taxes Paid
IncomeTaxesPaid
106126000 USD
CY2017 us-gaap Income Taxes Paid
IncomeTaxesPaid
128689000 USD
CY2018 us-gaap Income Taxes Paid
IncomeTaxesPaid
86232000 USD
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IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-10030000 USD
CY2017 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
1149000 USD
CY2018 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
5496000 USD
CY2016 us-gaap Increase Decrease In Accounts Payable Related Parties
IncreaseDecreaseInAccountsPayableRelatedParties
-1581000 USD
CY2017 us-gaap Increase Decrease In Accounts Payable Related Parties
IncreaseDecreaseInAccountsPayableRelatedParties
3217000 USD
CY2018 us-gaap Increase Decrease In Accounts Payable Related Parties
IncreaseDecreaseInAccountsPayableRelatedParties
4387000 USD
CY2016 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
64522000 USD
CY2017 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-47120000 USD
CY2018 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
130956000 USD
CY2016 us-gaap Increase Decrease In Accounts Receivable Related Parties
IncreaseDecreaseInAccountsReceivableRelatedParties
-5934000 USD
CY2017 us-gaap Increase Decrease In Accounts Receivable Related Parties
IncreaseDecreaseInAccountsReceivableRelatedParties
2188000 USD
CY2018 us-gaap Increase Decrease In Accounts Receivable Related Parties
IncreaseDecreaseInAccountsReceivableRelatedParties
6849000 USD
CY2016 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
9097000 USD
CY2017 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-10849000 USD
CY2018 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
16099000 USD
CY2016 us-gaap Increase Decrease In Cash Collateral For Borrowed Securities
IncreaseDecreaseInCashCollateralForBorrowedSecurities
-18249000 USD
CY2017 us-gaap Increase Decrease In Cash Collateral For Borrowed Securities
IncreaseDecreaseInCashCollateralForBorrowedSecurities
-35000 USD
CY2018 us-gaap Increase Decrease In Cash Collateral For Borrowed Securities
IncreaseDecreaseInCashCollateralForBorrowedSecurities
2961000 USD
CY2016 us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
-10043000 USD
CY2017 us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
-148320000 USD
CY2018 us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
3981000 USD
CY2016 us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
48258000 USD
CY2017 us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
-25892000 USD
CY2018 us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
208088000 USD
CY2016 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
32763000 USD
CY2017 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
10982000 USD
CY2018 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
21830000 USD
CY2016 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
10424000 USD
CY2017 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-33471000 USD
CY2018 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-1523000 USD
CY2016 us-gaap Increase Decrease In Trading Securities
IncreaseDecreaseInTradingSecurities
-937000 USD
CY2017 us-gaap Increase Decrease In Trading Securities
IncreaseDecreaseInTradingSecurities
-865000 USD
CY2018 us-gaap Increase Decrease In Trading Securities
IncreaseDecreaseInTradingSecurities
546000 USD
CY2017Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
19577000 USD
CY2018Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
10378000 USD
CY2016 us-gaap Interest Expense
InterestExpense
16738000 USD
CY2017 us-gaap Interest Expense
InterestExpense
19996000 USD
CY2018 us-gaap Interest Expense
InterestExpense
17771000 USD
CY2016 us-gaap Interest Paid
InterestPaid
14074000 USD
CY2017 us-gaap Interest Paid
InterestPaid
19471000 USD
CY2018 us-gaap Interest Paid
InterestPaid
17818000 USD
CY2017Q4 us-gaap Investments
Investments
98313000 USD
CY2018Q4 us-gaap Investments
Investments
90644000 USD
CY2016 us-gaap Labor And Related Expense
LaborAndRelatedExpense
900590000 USD
CY2017 us-gaap Labor And Related Expense
LaborAndRelatedExpense
962512000 USD
CY2018 us-gaap Labor And Related Expense
LaborAndRelatedExpense
1197173000 USD
CY2017Q4 us-gaap Leasehold Improvements Gross
LeaseholdImprovementsGross
72199000 USD
CY2018Q4 us-gaap Leasehold Improvements Gross
LeaseholdImprovementsGross
91597000 USD
CY2017Q4 us-gaap Liabilities
Liabilities
788518000 USD
CY2018Q4 us-gaap Liabilities
Liabilities
1117728000 USD
CY2017Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1584886000 USD
CY2018Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
2125667000 USD
CY2017Q4 us-gaap Liabilities Current
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464052000 USD
CY2018Q4 us-gaap Liabilities Current
LiabilitiesCurrent
749691000 USD
CY2017Q4 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
34943000 USD
CY2018Q4 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
39617000 USD
CY2017Q4 us-gaap Marketable Securities
MarketableSecurities
65032000 USD
CY2018Q4 us-gaap Marketable Securities
MarketableSecurities
204627000 USD
CY2017Q4 us-gaap Minority Interest
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252404000 USD
CY2018Q4 us-gaap Minority Interest
MinorityInterest
249819000 USD
CY2016 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-237958000 USD
CY2017 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-419230000 USD
CY2018 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-452927000 USD
CY2016 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-46201000 USD
CY2017 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-54641000 USD
CY2018 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-212566000 USD
CY2016 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
421886000 USD
CY2017 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
507236000 USD
CY2018 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
849574000 USD
CY2016 us-gaap Net Income Loss
NetIncomeLoss
107528000 USD
CY2017Q1 us-gaap Net Income Loss
NetIncomeLoss
80771000 USD
CY2017Q2 us-gaap Net Income Loss
NetIncomeLoss
18184000 USD
CY2017Q3 us-gaap Net Income Loss
NetIncomeLoss
45911000 USD
CY2017Q4 us-gaap Net Income Loss
NetIncomeLoss
-19412000 USD
CY2017 us-gaap Net Income Loss
NetIncomeLoss
125454000 USD
CY2018Q1 us-gaap Net Income Loss
NetIncomeLoss
95543000 USD
CY2018Q2 us-gaap Net Income Loss
NetIncomeLoss
68931000 USD
CY2018Q3 us-gaap Net Income Loss
NetIncomeLoss
49461000 USD
CY2018Q4 us-gaap Net Income Loss
NetIncomeLoss
163305000 USD
CY2018 us-gaap Net Income Loss
NetIncomeLoss
377240000 USD
CY2016 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
40984000 USD
CY2017Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
13876000 USD
CY2017Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
7693000 USD
CY2017Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
14171000 USD
CY2017Q4 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
18013000 USD
CY2017 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
53753000 USD
CY2018Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
14193000 USD
CY2018Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
12729000 USD
CY2018Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
9838000 USD
CY2018Q4 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
28851000 USD
CY2018 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
65611000 USD
CY2017Q4 us-gaap Notes Payable
NotesPayable
168347000 USD
CY2018Q4 us-gaap Notes Payable
NotesPayable
168612000 USD
CY2018 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2016 us-gaap Occupancy Net
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45304000 USD
CY2017 us-gaap Occupancy Net
OccupancyNet
53448000 USD
CY2018 us-gaap Occupancy Net
OccupancyNet
58971000 USD
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OperatingExpenses
1178878000 USD
CY2017Q1 us-gaap Operating Expenses
OperatingExpenses
275918000 USD
CY2017Q2 us-gaap Operating Expenses
OperatingExpenses
324204000 USD
CY2017Q3 us-gaap Operating Expenses
OperatingExpenses
319531000 USD
CY2017Q4 us-gaap Operating Expenses
OperatingExpenses
355885000 USD
CY2017 us-gaap Operating Expenses
OperatingExpenses
1275538000 USD
CY2018Q1 us-gaap Operating Expenses
OperatingExpenses
351014000 USD
CY2018Q2 us-gaap Operating Expenses
OperatingExpenses
343695000 USD
CY2018Q3 us-gaap Operating Expenses
OperatingExpenses
306719000 USD
CY2018Q4 us-gaap Operating Expenses
OperatingExpenses
521200000 USD
CY2018 us-gaap Operating Expenses
OperatingExpenses
1522628000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due
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585756000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
36537000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
27564000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
39585000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
39561000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
39059000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
403450000 USD
CY2016 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
33405000 USD
CY2017 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
39485000 USD
CY2018 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
43893000 USD
CY2017Q4 us-gaap Other Assets
OtherAssets
65073000 USD
CY2018Q4 us-gaap Other Assets
OtherAssets
89480000 USD
CY2017Q4 us-gaap Other Assets Current
OtherAssetsCurrent
30017000 USD
CY2018Q4 us-gaap Other Assets Current
OtherAssetsCurrent
28444000 USD
CY2016 us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest
-699000 USD
CY2017 us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest
75000 USD
CY2018 us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest
-43000 USD
CY2016 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest
-3038000 USD
CY2017 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest
3300000 USD
CY2018 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest
-160000 USD
CY2016 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-17531000 USD
CY2017 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Recent Accounting Pronouncements</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">ASU 2014-09</font><font style="font-family:inherit;font-size:10pt;"> &#8211; In May 2014, the Financial Accounting Standards Board ("FASB") issued ASU 2014-09. ASU 2014-09 provides amendments to ASC 605 and creates ASC 606, which changes the requirements for revenue recognition and amends the disclosure requirements. In August 2015, the FASB issued ASU No. 2015-14, "</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Deferral of the Effective Date,</font><font style="font-family:inherit;font-size:10pt;">" which provided amendments that defer the effective date of ASU 2014-09 by one year. In April 2016, the FASB issued ASU No. 2016-10, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">"Identifying Performance Obligations and Licensing,"</font><font style="font-family:inherit;font-size:10pt;"> which provides clarification to identifying performance obligations and the licensing implementation guidance in ASU 2014-09. In May 2016, the FASB issued ASU No. 2016-12, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">"Narrow-Scope Improvements and Practical Expedients," </font><font style="font-family:inherit;font-size:10pt;">which provides clarification on certain issues identified in the guidance on assessing collectability, presentation of sales taxes, noncash consideration, and completed contracts and contract modifications at transition in ASU 2014-09. The amendments in these updates are effective either retrospectively to each prior reporting period presented, or as a cumulative-effect adjustment as of the date of adoption, during interim and annual periods beginning after December&#160;15, 2017, with early adoption permitted beginning after December 15, 2016.</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company adopted ASU 2014-09 on January 1, 2018 using the modified retrospective method of transition applied to contracts which were not completed as of January 1, 2018, which requires a cumulative-effect adjustment as of the date of adoption. The Company did not have a cumulative-effect adjustment as of the date of adoption. Following the adoption of ASU 2014-09, success related advisory fees, for which payment is generally dependent on the closing of a strategic transaction, a financing arrangement or some other defined outcome, are considered variable consideration as defined by the standard. ASU 2014-09 requires that revenue be recognized when it is probable that variable consideration will not be reversed in a future period. Accordingly, revenue recognition for such fees could be accelerated under ASU 2014-09 in certain circumstances, which will require careful analysis and judgment. Under legacy U.S. GAAP, the Company recognized such fees upon closing regardless of the probability of the outcome. The effect of the timing of revenue recognition could be material to any given reporting period. Furthermore, legacy U.S. GAAP allowed expenses related to underwriting transactions to be reflected net in related revenues. Under ASU 2014-09, those expenses are presented gross in the results of operations. See Notes 2 and 4 for further information.</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">ASU 2016-01</font><font style="font-family:inherit;font-size:10pt;"> - In January 2016, the FASB issued ASU 2016-01. ASU 2016-01 provides amendments to ASC 825, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">"Financial Instruments,"</font><font style="font-family:inherit;font-size:10pt;"> which change the requirements for certain aspects of recognition, measurement and presentation of financial assets and liabilities and amend the disclosure requirements. The amendments in this update are effective during interim and annual periods beginning after December 15, 2017. The amendments in this update should be applied by means of a cumulative-effect adjustment to the balance sheet as of the beginning of the fiscal year of adoption and the amendments related to equity securities without readily determinable fair values should be applied prospectively.</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company adopted ASU 2016-01 on January 1, 2018, which resulted in a cumulative effect adjustment of cumulative unrealized losses, net of tax, on available-for-sale equity securities included in Accumulated Other Comprehensive Income (Loss) to Retained Earnings of </font><font style="font-family:inherit;font-size:10pt;">($2,229)</font><font style="font-family:inherit;font-size:10pt;">. Following the adoption of ASU 2016-01, unrealized gains and losses on these securities are recorded in Other Revenue, Including Interest and Investments, on the </font><font style="font-family:inherit;font-size:10pt;">Consolidated Statements of Operations</font><font style="font-family:inherit;font-size:10pt;">. The Company also holds equity securities without readily determinable fair values, which were accounted for under the cost method of accounting under legacy U.S. GAAP. Following the adoption of ASU 2016-01, the Company elected to measure each of its former cost method investments at its cost minus impairment, if any, plus or minus changes resulting from observable price changes in orderly transactions for the identical or a similar investment of the same issuer. See Notes 2, 8 and 10 for further information.</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">ASU 2016-02</font><font style="font-family:inherit;font-size:10pt;"> - In February 2016, the FASB issued ASU No. 2016-02, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">"Leases (Topic 842)" </font><font style="font-family:inherit;font-size:10pt;">("ASU 2016-02"). ASU 2016-02 supersedes ASC 840, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">"Leases," </font><font style="font-family:inherit;font-size:10pt;">and includes requirements for the recognition of a right-of-use asset and lease liability on the balance sheet by lessees for those leases classified as operating leases under previous guidance. In July 2018, the FASB issued ASU No. 2018-11, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">"Leases (Topic 842): Targeted Improvements," </font><font style="font-family:inherit;font-size:10pt;">which provides an additional transition method to initially apply the new lease standard at the adoption date and recognize a cumulative-effect adjustment to Retained Earnings for prior periods as of the beginning of the fiscal year of adoption. The amendments in these updates are effective using a modified retrospective approach as of the date of adoption, during interim and annual periods beginning after December 15, 2018, with early adoption permitted. The Company adopted ASU 2016-02 on January 1, 2019 using the modified retrospective approach. The adoption will result in the present value of the Company's lease commitments which have a term in excess of one year being reflected on the Company's Statements of Financial Condition as a long-term asset with a corresponding liability, classified as current and non-current. The Company's lease commitments primarily relate to office space, as discussed in Note 19. The impact on the Company's earnings is not expected to be materially different from the current expense related to leases as required under legacy U.S. GAAP, which is primarily reflected in Occupancy and Equipment Rental expense on the </font><font style="font-family:inherit;font-size:10pt;">Consolidated Statements of Operations</font><font style="font-family:inherit;font-size:10pt;">. The Company currently anticipates that it will record estimated lease liabilities of approximately </font><font style="font-family:inherit;font-size:10pt;">$210</font><font style="font-family:inherit;font-size:10pt;"> million on its </font><font style="font-family:inherit;font-size:10pt;">Consolidated Statements of Financial Condition</font><font style="font-family:inherit;font-size:10pt;"> as of January 1, 2019, along with associated right-of-use assets, which will reflect the lease liabilities recognized, subject to certain adjustments for lease incentives and initial direct costs. </font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">ASU 2016-13</font><font style="font-family:inherit;font-size:10pt;"> - In June 2016, the FASB issued ASU No. 2016-13, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">"Measurement of Credit Losses on Financial Instruments" </font><font style="font-family:inherit;font-size:10pt;">("ASU 2016-13"). ASU 2016-13 provides amendments to ASC 326, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">"Financial Instruments - Credit Losses," </font><font style="font-family:inherit;font-size:10pt;">which amend the guidance on the impairment of financial instruments and adds an impairment model (the current expected credit loss (CECL) model) that is based on expected losses rather than incurred losses. Entities will recognize an allowance for its estimate of expected credit losses as of the end of each reporting period. The amendments in this update are effective during interim and annual periods beginning after December 15, 2019, with early adoption permitted after December 15, 2018. The Company currently uses the specific identification method for establishing credit provisions and write-offs of its trade accounts receivable. The Company anticipates adopting ASU 2016-13 on January 1, 2020 and does not anticipate a material difference between the current method and the CECL model.</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">ASU 2016-15 - </font><font style="font-family:inherit;font-size:10pt;">In August 2016, the FASB issued ASU No. 2016-15, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">"Classification of Certain Cash Receipts and Cash Payments" </font><font style="font-family:inherit;font-size:10pt;">("ASU 2016-15"). ASU 2016-15 provides amendments to ASC 230, "</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Statement of Cash Flows,</font><font style="font-family:inherit;font-size:10pt;">" ("ASC 230") which provide guidance on the classification of certain cash receipts and payments in the statement of cash flows. The amendments in this update are effective retrospectively, or prospectively, if retrospective application is impracticable, during interim and annual periods beginning after December 15, 2017, with early adoption permitted. The adoption of ASU 2016-15 did not have a material impact on the Company's financial condition, results of operations and cash flows, or disclosures thereto.</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">ASU 2016-18 - </font><font style="font-family:inherit;font-size:10pt;">In November 2016, the FASB issued ASU No. 2016-18, "</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Restricted Cash</font><font style="font-family:inherit;font-size:10pt;">&quot;</font><font style="font-family:inherit;font-size:10pt;font-style:italic;"> </font><font style="font-family:inherit;font-size:10pt;">("ASU 2016-18"). ASU 2016-18 provides amendments to ASC 230, which require that a statement of cash flows explain the change during the period in the total of cash, cash equivalents and amounts generally described as restricted cash and restricted cash equivalents. The amendments in this update are effective retrospectively during interim and annual periods beginning after December 15, 2017, with early adoption permitted. The adoption of ASU 2016-18 resulted in restricted cash balances being included in the Consolidated Statements of Cash Flows and expanded disclosure on these restricted cash balances. See Note 19 for further information.</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">ASU 2017-01 -</font><font style="font-family:inherit;font-size:10pt;"> In January 2017, the FASB issued ASU No. 2017-01, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">"Clarifying the Definition of a Business" </font><font style="font-family:inherit;font-size:10pt;">("ASU 2017-01"). ASU 2017-01 provides amendments to ASC 805, "</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Business Combinations,</font><font style="font-family:inherit;font-size:10pt;">" which clarify the definition of a business with the objective of adding guidance to assist entities with evaluating whether transactions should be accounted for as acquisitions (or disposals) of assets or businesses. The amendments in this update are effective prospectively during interim and annual periods beginning after December 15, 2017, with early adoption permitted. The adoption of ASU 2017-01 did not have a material impact on the Company's financial condition, results of operations and cash flows, or disclosures thereto.</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">ASU 2017-09 - </font><font style="font-family:inherit;font-size:10pt;">In May 2017, the FASB issued ASU No. 2017-09, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">"Scope of Modification Accounting"</font><font style="font-family:inherit;font-size:10pt;"> ("ASU 2017-09"). ASU 2017-09 provides amendments to ASC 718, which provide guidance and clarity around which changes to the terms or conditions of a share-based payment award require an entity to apply modification accounting. The amendments in this update are effective prospectively during interim and annual periods beginning after December 15, 2017, with early adoption permitted. The adoption of ASU 2017-09 did not have a material impact on the Company's financial condition, results of operations and cash flows, or disclosures thereto.</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">ASU 2018-02</font><font style="font-family:inherit;font-size:10pt;"> - In February 2018, the FASB issued ASU No. 2018-02, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">"Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income"</font><font style="font-family:inherit;font-size:10pt;"> ("ASU 2018-02"). ASU 2018-02 provides amendments to ASC 220, "</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Income Statement - Reporting Comprehensive Income,"</font><font style="font-family:inherit;font-size:10pt;"> which allow a reclassification from accumulated other comprehensive income to retained earnings for stranded tax effects resulting from the Tax Cuts and Jobs Act. The amendments in this update are effective either in the period of adoption or retrospectively, to each period (or periods) in which the effect of the change in the U.S. federal corporate income tax rate in the Tax Cuts and Jobs Act is recognized, during interim and annual periods beginning after December 15, 2018, with early adoption permitted. The Company adopted ASU 2018-02 on January 1, 2019 and did not elect to reclassify the income tax effects of the Tax Cuts and Jobs Act from accumulated other comprehensive income to retained earnings. As such, there was no impact on the Company's financial condition, results of operations and cash flows, or disclosures thereto.</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">ASU 2018-05</font><font style="font-family:inherit;font-size:10pt;"> - In March 2018, the FASB issued ASU No. 2018-05, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">"Amendments to SEC Paragraphs Pursuant to SEC Staff Accounting Bulletin No. 118"</font><font style="font-family:inherit;font-size:10pt;"> ("ASU 2018-05"). ASU 2018-05 adds various SEC paragraphs to ASC 740 pursuant to the issuance of SEC Staff Accounting Bulletin No. 118 ("SAB 118"). The amendments in this update were effective upon issuance. See Note 21 for further information.</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">ASU 2018-07 - </font><font style="font-family:inherit;font-size:10pt;">In June 2018, the FASB issued ASU No. 2018-07, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">"Improvements to Nonemployee Share-Based Payment Accounting" </font><font style="font-family:inherit;font-size:10pt;">("ASU 2018-07"). ASU 2018-07 provides amendments to ASC 718 to align the accounting for share-based payment awards issued to employees and nonemployees, particularly surrounding the measurement date and impact of performance conditions. The amendments in this update are effective during interim and annual periods beginning after December 15, 2018, with early adoption permitted. The amendments in this update should be applied by means of a cumulative-effect adjustment to retained earnings as of the beginning of the fiscal year of adoption for liability-classified awards that have not been settled and equity-classified awards for which a measurement date has not been established by the date of adoption, and prospectively for all new awards granted after the date of adoption. The Company adopted ASU 2018-07 on January 1, 2019, which resulted in a minimal cumulative effect adjustment to Retained Earnings.</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">ASU 2018-13 - </font><font style="font-family:inherit;font-size:10pt;">In August 2018, the FASB issued ASU No. 2018-13, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">"Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measurement" </font><font style="font-family:inherit;font-size:10pt;">("ASU 2018-13"). ASU 2018-13 provides amendments to ASC 820, "</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Fair Value Measurements and Disclosures"</font><font style="font-family:inherit;font-size:10pt;"> ("ASC 820"), which remove the requirements surrounding the disclosure and policy of transfers between fair value levels and the valuation processes for recurring Level 3 fair value measurements. In addition, ASU 2018-13 adds disclosure requirements for changes in unrealized gains and losses for Level 3 measurements and the range and weighted average of significant unobservable inputs used in Level 3 fair value measurements. The amendments in this update are effective during interim and annual periods beginning after December 15, 2019, with early adoption permitted. The amendments on changes in unrealized gains and losses and unobservable inputs for Level 3 measurements should be applied prospectively, and all other amendments in this update should be applied retrospectively. The Company is currently assessing the impact of this update on the Company's financial condition, results of operations and cash flows, or disclosures thereto.</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">ASU 2018-15 - </font><font style="font-family:inherit;font-size:10pt;">In August 2018, the FASB issued ASU No. 2018-15, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">"Customer's Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement that is a Service Contract" </font><font style="font-family:inherit;font-size:10pt;">("ASU 2018-15"). ASU 2018-15 aligns the requirements for capitalizing implementation costs in a cloud computing arrangement that is a service contract with the requirements for capitalizing implementation costs incurred for internal-use software as prescribed by ASC 350, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">"Intangibles - Goodwill and Other" </font><font style="font-family:inherit;font-size:10pt;">("ASC 350")</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">. </font><font style="font-family:inherit;font-size:10pt;">The amendments in this update are effective either prospectively, for eligible costs incurred on or after the date this guidance is first applied, or retrospectively, during interim and annual periods beginning after December 15, 2019, with early adoption permitted. The Company adopted ASU 2018-15 during the third quarter of 2018. The adoption of ASU 2018-15 did not have a material impact on the Company's financial condition, results of operations and cash flows, or disclosures thereto.</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">ASU 2018-17 - </font><font style="font-family:inherit;font-size:10pt;">In October 2018, the FASB issued ASU No. 2018-17, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">"Consolidation (Topic 810) - Targeted Improvements to Related Party Guidance for Variable Interest Entities."</font><font style="font-family:inherit;font-size:10pt;"> The amendments in this update state that any indirect interest held through related parties in common control arrangements should be considered on a proportional basis for determining whether fees paid to decision makers and service providers are variable interests. The amendments in this update are effective during interim and annual periods beginning after December 15, 2019, with early adoption permitted. The amendments are required to be retrospectively applied with a cumulative-effect adjustment to retained earnings at the beginning of the earliest period presented. The Company is currently assessing the impact of this update on the Company's financial condition, results of operations and cash flows, or disclosures thereto.</font></div></div>
CY2018 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:12px;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Reclassifications</font><font style="font-family:inherit;font-size:10pt;"> &#8211; During 2018, certain balances on the </font><font style="font-family:inherit;font-size:10pt;">Consolidated Statements of Operations</font><font style="font-family:inherit;font-size:10pt;"> for prior periods were reclassified to conform to their current presentation.</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;"> </font></div><div style="line-height:120%;padding-top:12px;text-align:justify;padding-left:24px;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Execution, Clearing and Custody Fees</font><font style="font-family:inherit;font-size:10pt;"> &#8211;</font><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;"> </font><font style="font-family:inherit;font-size:10pt;">Other Operating Expenses of </font><font style="font-family:inherit;font-size:10pt;">$13,572</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$16,278</font><font style="font-family:inherit;font-size:10pt;"> for the years ended December 31, 2017 and 2016, respectively, and Professional Fees of </font><font style="font-family:inherit;font-size:10pt;">$1,206</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$1,266</font><font style="font-family:inherit;font-size:10pt;"> for the years ended December 31, 2017 and 2016, respectively, were reclassified to a new expense line item, "Execution, Clearing and Custody Fees" on the Consolidated Statements of Operations.</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;padding-left:24px;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Other Revenue, Including Interest and Investments</font><font style="font-family:inherit;font-size:10pt;"> &#8211;</font><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;"> </font><font style="font-family:inherit;font-size:10pt;">The Company renamed "Other Revenue, Including Interest" to "Other Revenue, Including Interest and Investments" on the Consolidated Statements of Operations and reclassified </font><font style="font-family:inherit;font-size:10pt;">($701)</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$92</font><font style="font-family:inherit;font-size:10pt;"> of principal trading gains (losses) from Investment Banking Revenue for the years ended December 31, 2017 and 2016, respectively, and </font><font style="font-family:inherit;font-size:10pt;">$2,037</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$12,403</font><font style="font-family:inherit;font-size:10pt;"> of net realized and unrealized gains on private equity investments from Investment Management Revenue for the years ended December 31, 2017 and 2016, respectively, to "Other Revenue, Including Interest and Investments." </font></div><div style="line-height:120%;padding-top:12px;text-align:justify;padding-left:24px;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Investment Banking Revenue</font><font style="font-family:inherit;font-size:10pt;"> &#8211;</font><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;"> </font><font style="font-family:inherit;font-size:10pt;">Following the above reclassifications, the Company disaggregated "Investment Banking Revenue" into "Advisory Fees," "Underwriting Fees" and "Commissions and Related Fees" on the </font><font style="font-family:inherit;font-size:10pt;">Consolidated Statements of Operations</font><font style="font-family:inherit;font-size:10pt;">.</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;padding-left:24px;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Asset Management and Administration Fees</font><font style="font-family:inherit;font-size:10pt;"> &#8211;</font><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;"> </font><font style="font-family:inherit;font-size:10pt;">Following the above reclassifications, the Company renamed "Investment Management Revenue" to "Asset Management and Administration Fees" on the </font><font style="font-family:inherit;font-size:10pt;">Consolidated Statements of Operations</font><font style="font-family:inherit;font-size:10pt;">, which includes management fees from the wealth management and institutional asset management businesses.</font></div></div>

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