2018 Q1 Form 10-Q Financial Statement
#000105628818000013 Filed on April 27, 2018
Income Statement
Concept | 2018 Q1 | 2017 Q1 |
---|---|---|
Revenue | $263.9M | $273.5M |
YoY Change | -3.53% | 0.51% |
Cost Of Revenue | $9.600M | $6.700M |
YoY Change | 43.28% | -24.72% |
Gross Profit | $254.2M | $266.8M |
YoY Change | -4.72% | 1.37% |
Gross Profit Margin | 96.34% | 97.55% |
Selling, General & Admin | $172.9M | $185.2M |
YoY Change | -6.64% | -0.59% |
% of Gross Profit | 68.02% | 69.42% |
Research & Development | $8.433M | $8.225M |
YoY Change | 2.53% | 4.58% |
% of Gross Profit | 3.32% | 3.08% |
Depreciation & Amortization | $2.600M | $2.600M |
YoY Change | 0.0% | 8.33% |
% of Gross Profit | 1.02% | 0.97% |
Operating Expenses | $184.2M | $195.7M |
YoY Change | -5.9% | -0.92% |
Operating Profit | $79.67M | $77.77M |
YoY Change | 2.44% | 4.32% |
Interest Expense | -$600.0K | $3.100M |
YoY Change | -119.35% | 93.75% |
% of Operating Profit | -0.75% | 3.99% |
Other Income/Expense, Net | -$755.0K | $3.112M |
YoY Change | -124.26% | 94.5% |
Pretax Income | $78.92M | $80.89M |
YoY Change | -2.43% | 6.21% |
Income Tax | $18.91M | $29.86M |
% Of Pretax Income | 23.96% | 36.91% |
Net Earnings | $60.33M | $49.64M |
YoY Change | 21.53% | 9.24% |
Net Earnings / Revenue | 22.87% | 18.15% |
Basic Earnings Per Share | ||
Diluted Earnings Per Share | $620.4K | $506.6K |
COMMON SHARES | ||
Basic Shares Outstanding | 97.19M shares | 97.86M shares |
Diluted Shares Outstanding | 97.19M shares | 97.86M shares |
Balance Sheet
Concept | 2018 Q1 | 2017 Q1 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $377.6M | $277.7M |
YoY Change | 35.97% | -18.8% |
Cash & Equivalents | $325.6M | $94.63M |
Short-Term Investments | $51.90M | $183.0M |
Other Short-Term Assets | $1.996M | $2.249M |
YoY Change | -11.25% | -46.2% |
Inventory | ||
Prepaid Expenses | $11.40M | $10.85M |
Receivables | $50.06M | $44.73M |
Other Receivables | $0.00 | $0.00 |
Total Short-Term Assets | $441.0M | $335.5M |
YoY Change | 31.46% | -15.83% |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $38.70M | $38.74M |
YoY Change | -0.1% | 3.53% |
Goodwill | $660.0M | $660.0M |
YoY Change | 0.0% | 0.11% |
Intangibles | ||
YoY Change | ||
Long-Term Investments | ||
YoY Change | ||
Other Assets | $18.84M | $21.66M |
YoY Change | -13.0% | 6.08% |
Total Long-Term Assets | $794.3M | $797.7M |
YoY Change | -0.43% | 0.72% |
TOTAL ASSETS | ||
Total Short-Term Assets | $441.0M | $335.5M |
Total Long-Term Assets | $794.3M | $797.7M |
Total Assets | $1.235B | $1.133B |
YoY Change | 9.01% | -4.82% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $54.20M | $48.80M |
YoY Change | 11.07% | -7.92% |
Accrued Expenses | $27.10M | $24.90M |
YoY Change | 8.84% | -9.12% |
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | $0.00 | $0.00 |
YoY Change | ||
Long-Term Debt Due | $25.50M | |
YoY Change | 0.0% | |
Total Short-Term Liabilities | $99.64M | $127.6M |
YoY Change | -21.9% | -3.08% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $165.0M | $159.4M |
YoY Change | 3.51% | -13.79% |
Other Long-Term Liabilities | $20.58M | $20.40M |
YoY Change | 0.86% | 18.67% |
Total Long-Term Liabilities | $307.4M | $362.8M |
YoY Change | -15.26% | -2.02% |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $99.64M | $127.6M |
Total Long-Term Liabilities | $307.4M | $362.8M |
Total Liabilities | $407.1M | $490.3M |
YoY Change | -16.98% | -2.3% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | $721.8M | $540.2M |
YoY Change | 33.62% | -2.18% |
Common Stock | ||
YoY Change | ||
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | $255.2M | |
YoY Change | 31.78% | |
Treasury Stock Shares | 7.515M shares | |
Shareholders Equity | $799.6M | $612.7M |
YoY Change | ||
Total Liabilities & Shareholders Equity | $1.235B | $1.133B |
YoY Change | 9.01% | -4.82% |
Cashflow Statement
Concept | 2018 Q1 | 2017 Q1 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | $60.33M | $49.64M |
YoY Change | 21.53% | 9.24% |
Depreciation, Depletion And Amortization | $2.600M | $2.600M |
YoY Change | 0.0% | 8.33% |
Cash From Operating Activities | $48.10M | $33.22M |
YoY Change | 44.78% | 26.59% |
INVESTING ACTIVITIES | ||
Capital Expenditures | $3.106M | $2.133M |
YoY Change | 45.62% | -34.51% |
Acquisitions | $0.00 | $4.352M |
YoY Change | -100.0% | |
Other Investing Activities | $0.00 | $7.300M |
YoY Change | -100.0% | -1012.5% |
Cash From Investing Activities | -$3.089M | $5.122M |
YoY Change | -160.31% | -227.1% |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | $4.024M | $14.87M |
YoY Change | -72.94% | 8.33% |
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | -$35.60M | -$48.55M |
YoY Change | -26.67% | 3.12% |
NET CHANGE | ||
Cash From Operating Activities | $48.10M | $33.22M |
Cash From Investing Activities | -$3.089M | $5.122M |
Cash From Financing Activities | -$35.60M | -$48.55M |
Net Change In Cash | $9.407M | -$10.21M |
YoY Change | -192.16% | -58.95% |
FREE CASH FLOW | ||
Cash From Operating Activities | $48.10M | $33.22M |
Capital Expenditures | $3.106M | $2.133M |
Free Cash Flow | $44.99M | $31.09M |
YoY Change | 44.73% | 35.25% |
Facts In Submission
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22187000 | USD |
CY2018Q1 | us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
11070000 | USD |
CY2017Q1 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-991000 | USD |
CY2018Q1 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-861000 | USD |
CY2017Q1 | us-gaap |
Increase Decrease In Receivables
IncreaseDecreaseInReceivables
|
-98000 | USD |
CY2018Q1 | us-gaap |
Increase Decrease In Receivables
IncreaseDecreaseInReceivables
|
-3424000 | USD |
CY2017Q4 | us-gaap |
Indefinite Lived Contractual Rights
IndefiniteLivedContractualRights
|
73878000 | USD |
CY2018Q1 | us-gaap |
Indefinite Lived Contractual Rights
IndefiniteLivedContractualRights
|
73878000 | USD |
CY2017Q1 | us-gaap |
Interest And Debt Expense
InterestAndDebtExpense
|
1102000 | USD |
CY2018Q1 | us-gaap |
Interest And Debt Expense
InterestAndDebtExpense
|
1330000 | USD |
CY2017Q1 | us-gaap |
Investment Advisory Fees
InvestmentAdvisoryFees
|
33399000 | USD |
CY2018Q1 | us-gaap |
Investment Advisory Fees
InvestmentAdvisoryFees
|
39035000 | USD |
CY2017Q1 | us-gaap |
Investment Income Net
InvestmentIncomeNet
|
1652000 | USD |
CY2018Q1 | us-gaap |
Investment Income Net
InvestmentIncomeNet
|
1900000 | USD |
CY2017Q1 | us-gaap |
Labor And Related Expense
LaborAndRelatedExpense
|
73402000 | USD |
CY2018Q1 | us-gaap |
Labor And Related Expense
LaborAndRelatedExpense
|
78374000 | USD |
CY2017Q4 | us-gaap |
Liabilities
Liabilities
|
440032000 | USD |
CY2018Q1 | us-gaap |
Liabilities
Liabilities
|
407053000 | USD |
CY2017Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
1231410000 | USD |
CY2018Q1 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
1235327000 | USD |
CY2017Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
128849000 | USD |
CY2018Q1 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
99635000 | USD |
CY2017Q4 | us-gaap |
Liabilities Fair Value Disclosure Recurring
LiabilitiesFairValueDisclosureRecurring
|
1203000 | USD |
CY2018Q1 | us-gaap |
Liabilities Fair Value Disclosure Recurring
LiabilitiesFairValueDisclosureRecurring
|
820000 | USD |
CY2017Q4 | us-gaap |
Liabilities Noncurrent
LiabilitiesNoncurrent
|
311183000 | USD |
CY2018Q1 | us-gaap |
Liabilities Noncurrent
LiabilitiesNoncurrent
|
307418000 | USD |
CY2017Q4 | us-gaap |
Line Of Credit
LineOfCredit
|
170000000 | USD |
CY2018Q1 | us-gaap |
Line Of Credit
LineOfCredit
|
165000000 | USD |
CY2017Q2 | us-gaap |
Line Of Credit
LineOfCredit
|
0 | USD |
CY2018Q1 | us-gaap |
Line Of Credit Facility Commitment Fee Percentage
LineOfCreditFacilityCommitmentFeePercentage
|
0.00125 | |
CY2017Q4 | us-gaap |
Line Of Credit Facility Interest Rate At Period End
LineOfCreditFacilityInterestRateAtPeriodEnd
|
0.02486 | |
CY2018Q1 | us-gaap |
Line Of Credit Facility Interest Rate At Period End
LineOfCreditFacilityInterestRateAtPeriodEnd
|
0.02789 | |
CY2014Q2 | us-gaap |
Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
|
200000000 | USD |
CY2017Q2 | us-gaap |
Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
|
375000000 | USD |
CY2018Q1 | us-gaap |
Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
|
210000000 | USD |
CY2017Q2 | us-gaap |
Loans Payable To Bank
LoansPayableToBank
|
178500000 | USD |
CY2017Q4 | us-gaap |
Long Term Line Of Credit
LongTermLineOfCredit
|
170000000 | USD |
CY2018Q1 | us-gaap |
Long Term Line Of Credit
LongTermLineOfCredit
|
165000000 | USD |
CY2017Q1 | us-gaap |
Marketable Securities Gain Loss
MarketableSecuritiesGainLoss
|
2562000 | USD |
CY2018Q1 | us-gaap |
Marketable Securities Gain Loss
MarketableSecuritiesGainLoss
|
-1182000 | USD |
CY2017Q1 | us-gaap |
Marketing And Advertising Expense
MarketingAndAdvertisingExpense
|
2955000 | USD |
CY2018Q1 | us-gaap |
Marketing And Advertising Expense
MarketingAndAdvertisingExpense
|
3228000 | USD |
CY2017Q1 | us-gaap |
Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
|
1434000 | USD |
CY2018Q1 | us-gaap |
Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
|
0 | USD |
CY2017Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-48548000 | USD |
CY2018Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-35600000 | USD |
CY2017Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
5122000 | USD |
CY2018Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-3089000 | USD |
CY2017Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
33219000 | USD |
CY2018Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
48096000 | USD |
CY2017Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
49641000 | USD |
CY2018Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
60331000 | USD |
CY2017Q1 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
1386000 | USD |
CY2018Q1 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
-325000 | USD |
CY2017Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
47677000 | USD |
CY2018Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
57956000 | USD |
CY2017Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
47677000 | USD |
CY2018Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
57956000 | USD |
CY2017Q1 | us-gaap |
Noninterest Expense Distribution And Servicing Fees
NoninterestExpenseDistributionAndServicingFees
|
90359000 | USD |
CY2018Q1 | us-gaap |
Noninterest Expense Distribution And Servicing Fees
NoninterestExpenseDistributionAndServicingFees
|
72498000 | USD |
CY2017Q1 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
3112000 | USD |
CY2018Q1 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-755000 | USD |
CY2017Q1 | us-gaap |
Occupancy Net
OccupancyNet
|
7352000 | USD |
CY2018Q1 | us-gaap |
Occupancy Net
OccupancyNet
|
7541000 | USD |
CY2017Q1 | us-gaap |
Operating Expenses
OperatingExpenses
|
195728000 | USD |
CY2018Q1 | us-gaap |
Operating Expenses
OperatingExpenses
|
184181000 | USD |
CY2017Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
77773000 | USD |
CY2018Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
79671000 | USD |
CY2017Q1 | us-gaap |
Other Asset Impairment Charges
OtherAssetImpairmentCharges
|
0 | USD |
CY2018Q1 | us-gaap |
Other Asset Impairment Charges
OtherAssetImpairmentCharges
|
0 | USD |
CY2017Q4 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
2507000 | USD |
CY2018Q1 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
1996000 | USD |
CY2017Q4 | us-gaap |
Other Assets Fair Value Disclosure
OtherAssetsFairValueDisclosure
|
1240000 | USD |
CY2018Q1 | us-gaap |
Other Assets Fair Value Disclosure
OtherAssetsFairValueDisclosure
|
1058000 | USD |
CY2017Q4 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
19551000 | USD |
CY2018Q1 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
18844000 | USD |
CY2017Q1 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
|
140000 | USD |
CY2018Q1 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
|
243000 | USD |
CY2017Q1 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Reclassification Adjustment From Aoci Realized Upon Sale Or Liquidation Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentFromAOCIRealizedUponSaleOrLiquidationNetOfTax
|
0 | USD |
CY2018Q1 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Reclassification Adjustment From Aoci Realized Upon Sale Or Liquidation Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentFromAOCIRealizedUponSaleOrLiquidationNetOfTax
|
191000 | USD |
CY2017Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
610000 | USD |
CY2018Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
23000 | USD |
CY2017Q1 | us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
|
647000 | USD |
CY2018Q1 | us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
|
29000 | USD |
CY2017Q1 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
1117000 | USD |
CY2018Q1 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
0 | USD |
CY2017Q1 | us-gaap |
Other Expenses
OtherExpenses
|
3423000 | USD |
CY2018Q1 | us-gaap |
Other Expenses
OtherExpenses
|
1655000 | USD |
CY2017Q4 | us-gaap |
Other Intangible Assets Net
OtherIntangibleAssetsNet
|
2997000 | USD |
CY2018Q1 | us-gaap |
Other Intangible Assets Net
OtherIntangibleAssetsNet
|
2854000 | USD |
CY2017Q4 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
6682000 | USD |
CY2018Q1 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
18368000 | USD |
CY2017Q4 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
23563000 | USD |
CY2018Q1 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
20576000 | USD |
CY2017Q1 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
0 | USD |
CY2018Q1 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-143000 | USD |
CY2017Q1 | us-gaap |
Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
|
1964000 | USD |
CY2018Q1 | us-gaap |
Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
|
2375000 | USD |
CY2017Q1 | us-gaap |
Participating Securities Distributed And Undistributed Earnings Loss Diluted
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted
|
-1964000 | USD |
CY2018Q1 | us-gaap |
Participating Securities Distributed And Undistributed Earnings Loss Diluted
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted
|
-2375000 | USD |
CY2017Q1 | us-gaap |
Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
|
210000 | USD |
CY2018Q1 | us-gaap |
Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
|
228000 | USD |
CY2017Q1 | us-gaap |
Payments For Commissions
PaymentsForCommissions
|
1324000 | USD |
CY2018Q1 | us-gaap |
Payments For Commissions
PaymentsForCommissions
|
43000 | USD |
CY2017Q1 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
14871000 | USD |
CY2018Q1 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
4024000 | USD |
CY2017Q1 | us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
25467000 | USD |
CY2018Q1 | us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
25265000 | USD |
CY2017Q1 | us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
4352000 | USD |
CY2018Q1 | us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
0 | USD |
CY2017Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
2133000 | USD |
CY2018Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
3106000 | USD |
CY2017Q1 | us-gaap |
Payments To Minority Shareholders
PaymentsToMinorityShareholders
|
4443000 | USD |
CY2018Q1 | us-gaap |
Payments To Minority Shareholders
PaymentsToMinorityShareholders
|
1684000 | USD |
CY2017Q1 | us-gaap |
Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
|
2818000 | USD |
CY2017Q4 | us-gaap |
Prepaid Expense Current
PrepaidExpenseCurrent
|
11747000 | USD |
CY2018Q1 | us-gaap |
Prepaid Expense Current
PrepaidExpenseCurrent
|
11404000 | USD |
CY2017Q1 | us-gaap |
Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
|
0 | USD |
CY2018Q1 | us-gaap |
Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
|
101000 | USD |
CY2018Q1 | us-gaap |
Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
|
500000 | USD |
CY2017Q1 | us-gaap |
Professional Fees
ProfessionalFees
|
7078000 | USD |
CY2018Q1 | us-gaap |
Professional Fees
ProfessionalFees
|
9631000 | USD |
CY2017Q1 | us-gaap |
Profit Loss
ProfitLoss
|
51027000 | USD |
CY2018Q1 | us-gaap |
Revenues
Revenues
|
263852000 | USD |
CY2017Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
6672000 | USD |
CY2018Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
6967000 | USD |
CY2018Q1 | us-gaap |
Profit Loss
ProfitLoss
|
60006000 | USD |
CY2017Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
37670000 | USD |
CY2018Q1 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
38698000 | USD |
CY2017Q4 | us-gaap |
Redeemable Noncontrolling Interest Equity Fair Value
RedeemableNoncontrollingInterestEquityFairValue
|
30163000 | USD |
CY2018Q1 | us-gaap |
Redeemable Noncontrolling Interest Equity Fair Value
RedeemableNoncontrollingInterestEquityFairValue
|
28654000 | USD |
CY2017Q1 | us-gaap |
Repayments Of Bank Debt
RepaymentsOfBankDebt
|
6375000 | USD |
CY2018Q1 | us-gaap |
Repayments Of Bank Debt
RepaymentsOfBankDebt
|
5000000 | USD |
CY2017Q1 | us-gaap |
Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
|
519000 | USD |
CY2018Q1 | us-gaap |
Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
|
607000 | USD |
CY2017Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
697359000 | USD |
CY2018Q1 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
721829000 | USD |
CY2018Q1 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
263852000 | USD |
CY2017Q1 | us-gaap |
Revenues
Revenues
|
273501000 | USD |
CY2017 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
|
946570 | shares |
CY2018Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
|
451769 | shares |
CY2017Q1 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
6648000 | USD |
CY2018Q1 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
7067000 | USD |
CY2016Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
595784000 | USD |
CY2017Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
612690000 | USD |
CY2017Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
761215000 | USD |
CY2018Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
799620000 | USD |
CY2017Q1 | us-gaap |
Travel And Entertainment Expense
TravelAndEntertainmentExpense
|
2934000 | USD |
CY2018Q1 | us-gaap |
Travel And Entertainment Expense
TravelAndEntertainmentExpense
|
2821000 | USD |
CY2017Q4 | us-gaap |
Treasury Stock Common Shares
TreasuryStockCommonShares
|
8405003 | shares |
CY2018Q1 | us-gaap |
Treasury Stock Common Shares
TreasuryStockCommonShares
|
8068879 | shares |
CY2017Q4 | us-gaap |
Treasury Stock Common Value
TreasuryStockCommonValue
|
278732000 | USD |
CY2018Q1 | us-gaap |
Treasury Stock Common Value
TreasuryStockCommonValue
|
271786000 | USD |
CY2017Q1 | us-gaap |
Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
|
13569000 | USD |
CY2018Q1 | us-gaap |
Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
|
3876000 | USD |
CY2017Q1 | us-gaap |
Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
|
967000 | USD |
CY2018Q1 | us-gaap |
Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
|
-1905000 | USD |
CY2017Q4 | us-gaap |
Variable Interest Entity Consolidated Carrying Amount Assets And Liabilities Net
VariableInterestEntityConsolidatedCarryingAmountAssetsAndLiabilitiesNet
|
12700000 | USD |
CY2018Q1 | us-gaap |
Variable Interest Entity Consolidated Carrying Amount Assets And Liabilities Net
VariableInterestEntityConsolidatedCarryingAmountAssetsAndLiabilitiesNet
|
12600000 | USD |
CY2017Q1 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
1000 | shares |
CY2018Q1 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
2000 | shares |
CY2017Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
97864000 | shares |
CY2018Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
97189000 | shares |
CY2017Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
97863000 | shares |
CY2018Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
97187000 | shares |
CY2018Q1 | us-gaap |
Basis Of Accounting
BasisOfAccounting
|
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-style:italic;"></font><font style="font-family:inherit;font-size:12pt;color:#000000;font-style:italic;text-decoration:none;">Basis of Presentation</font><font style="font-family:inherit;font-size:12pt;font-style:italic;"> </font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Federated provides investment advisory, administrative, distribution and other services to various investment products, including sponsored investment companies and other funds (</font><font style="font-family:inherit;font-size:10pt;">Federated Funds</font><font style="font-family:inherit;font-size:10pt;">) and </font><font style="font-family:inherit;font-size:10pt;">Separate Accounts</font><font style="font-family:inherit;font-size:10pt;"> (which include separately managed accounts, institutional accounts, sub-advised funds and other managed products) in both domestic and international markets. The interim Consolidated Financial Statements of Federated Investors, Inc. and its consolidated subsidiaries (collectively, </font><font style="font-family:inherit;font-size:10pt;">Federated</font><font style="font-family:inherit;font-size:10pt;">) included herein have been prepared in accordance with United States (</font><font style="font-family:inherit;font-size:10pt;">U.S.</font><font style="font-family:inherit;font-size:10pt;">) generally accepted accounting principles (</font><font style="font-family:inherit;font-size:10pt;">GAAP</font><font style="font-family:inherit;font-size:10pt;">). In the opinion of management, the financial statements reflect all adjustments that are of a normal recurring nature and necessary for a fair presentation of the results for the interim periods presented.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In preparing the financial statements, management is required to make estimates and assumptions that affect the amounts reported in the Consolidated Financial Statements and accompanying notes. Actual results may differ from those estimates, and such differences may be material to the Consolidated Financial Statements. </font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">These financial statements should be read in conjunction with Federated's Annual Report on Form 10-K for the year ended </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December 31, 2017</font><font style="font-family:inherit;font-size:10pt;">. Certain items previously reported have been reclassified to conform to the current period's presentation.</font></div></div> | |
CY2018Q1 | us-gaap |
Description Of New Accounting Pronouncements Not Yet Adopted
DescriptionOfNewAccountingPronouncementsNotYetAdopted
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"></font><font style="font-family:inherit;font-size:11pt;">Recently Issued Accounting Guidance Not Yet Adopted</font></div><div style="line-height:120%;font-size:6pt;"><font style="font-family:inherit;font-size:6pt;"> </font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">Leases</font></div><div style="line-height:120%;padding-bottom:10px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On February 25, 2016, the FASB issued ASU 2016-02, Leases (</font><font style="font-family:inherit;font-size:10pt;">Topic 842</font><font style="font-family:inherit;font-size:10pt;">). The core principle is that a lessee should recognize the assets and liabilities that arise from leases on the balance sheet, while retaining a distinction between finance and operating leases. The update is effective for Federated on January 1, 2019. While early adoption is permitted, Federated does not plan to early adopt. The update requires the modified retrospective adoption method. Management continues to identify the population of contracts for testing to determine if a lease exists, and is currently evaluating the potential impact of adoption to Federated's Consolidated Financial Statements.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">Goodwill Impairment</font></div><div style="line-height:120%;padding-bottom:10px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On January 26, 2017, the FASB issued ASU 2017-04, Intangibles - Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment. Under this ASU, an entity should perform its annual or interim goodwill impairment test by comparing the fair value of a reporting unit with its carrying amount, and recognize an impairment charge for the amount by which the carrying amount exceeds the reporting unit's fair value. However, the loss recognized should not exceed the total amount of goodwill allocated to that reporting unit. Additionally, the ASU retains the option to perform the qualitative assessment for a reporting unit to determine if the quantitative impairment test is necessary. The update is effective for Federated on January 1, 2020, with early adoption permitted, and requires the prospective adoption method. Management is currently evaluating the potential impact of adoption to Federated's Consolidated Financial Statements.</font></div></div> |