2017 Q1 Form 10-Q Financial Statement

#000157968417000008 Filed on April 27, 2017

View on sec.gov

Income Statement

Concept 2017 Q1 2016 Q1
Revenue $307.5M $300.1M
YoY Change 2.47% 19.75%
Cost Of Revenue $177.8M $174.5M
YoY Change 1.89% 24.02%
Gross Profit $129.7M $125.7M
YoY Change 3.18% 14.38%
Gross Profit Margin 42.18% 41.89%
Selling, General & Admin $106.2M $100.1M
YoY Change 6.11% 12.29%
% of Gross Profit 81.88% 79.62%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $17.60M $16.09M
YoY Change 9.4% 2.48%
% of Gross Profit 13.57% 12.8%
Operating Expenses $106.2M $100.1M
YoY Change 6.11% 12.29%
Operating Profit -$3.016M $7.030M
YoY Change -142.9% 170.28%
Interest Expense $7.218M $7.354M
YoY Change -1.85% -18.22%
% of Operating Profit 104.61%
Other Income/Expense, Net $217.0K $164.0K
YoY Change 32.32% -16500.0%
Pretax Income -$10.02M -$160.0K
YoY Change 6160.0% -97.5%
Income Tax -$6.331M -$5.127M
% Of Pretax Income
Net Earnings -$3.685M $4.967M
YoY Change -174.19% -181.88%
Net Earnings / Revenue -1.2% 1.66%
Basic Earnings Per Share -$0.07 $0.11
Diluted Earnings Per Share -$0.07 $0.11
COMMON SHARES
Basic Shares Outstanding 53.19M shares 44.48M shares
Diluted Shares Outstanding 53.19M shares 44.53M shares

Balance Sheet

Concept 2017 Q1 2016 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $135.9M $79.40M
YoY Change 71.16% 195.17%
Cash & Equivalents $135.9M $79.39M
Short-Term Investments
Other Short-Term Assets $19.71M $17.17M
YoY Change 14.74% -53.83%
Inventory $17.79M $17.52M
Prepaid Expenses
Receivables $126.8M $118.6M
Other Receivables $0.00 $0.00
Total Short-Term Assets $326.4M $256.3M
YoY Change 27.33% 29.92%
LONG-TERM ASSETS
Property, Plant & Equipment $382.2M $381.4M
YoY Change 0.22% -10.02%
Goodwill $229.4M $206.2M
YoY Change 11.23%
Intangibles $348.2M $339.3M
YoY Change 2.62%
Long-Term Investments
YoY Change
Other Assets $5.671M $9.863M
YoY Change -42.5% 47.21%
Total Long-Term Assets $965.5M $936.9M
YoY Change 3.06% -1.66%
TOTAL ASSETS
Total Short-Term Assets $326.4M $256.3M
Total Long-Term Assets $965.5M $936.9M
Total Assets $1.292B $1.193B
YoY Change 8.27% 3.76%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $23.01M $13.33M
YoY Change 72.53% 1.02%
Accrued Expenses $70.64M $73.51M
YoY Change -3.91% 5.62%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $4.400M $13.50M
YoY Change -67.41% 246.15%
Total Short-Term Liabilities $179.6M $172.7M
YoY Change 4.03% 15.8%
LONG-TERM LIABILITIES
Long-Term Debt $338.7M $340.1M
YoY Change -0.41% -5.4%
Other Long-Term Liabilities $12.67M $11.29M
YoY Change 12.2% -41.81%
Total Long-Term Liabilities $351.3M $351.4M
YoY Change -0.01% -7.26%
TOTAL LIABILITIES
Total Short-Term Liabilities $179.6M $172.7M
Total Long-Term Liabilities $351.3M $351.4M
Total Liabilities $559.2M $555.4M
YoY Change 0.68% 3.86%
SHAREHOLDERS EQUITY
Retained Earnings $1.896M $34.92M
YoY Change -94.57%
Common Stock $735.8M $606.3M
YoY Change 21.35%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $732.7M $637.8M
YoY Change
Total Liabilities & Shareholders Equity $1.292B $1.193B
YoY Change 8.27% 3.76%

Cashflow Statement

Concept 2017 Q1 2016 Q1
OPERATING ACTIVITIES
Net Income -$3.685M $4.967M
YoY Change -174.19% -181.88%
Depreciation, Depletion And Amortization $17.60M $16.09M
YoY Change 9.4% 2.48%
Cash From Operating Activities $18.25M $9.828M
YoY Change 85.67% -60.77%
INVESTING ACTIVITIES
Capital Expenditures $2.400M $2.588M
YoY Change -7.26% 52.96%
Acquisitions $21.71M $58.73M
YoY Change -63.03% -84.49%
Other Investing Activities -$21.40M -$58.50M
YoY Change -63.42% -84.54%
Cash From Investing Activities -$23.82M -$61.07M
YoY Change -61.0% -83.94%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $607.0K $353.0K
YoY Change 71.95% -100.24%
Debt Paid & Issued, Net $10.88M $877.0K
YoY Change 1140.25% 55.77%
Cash From Financing Activities -$30.79M -$16.00M
YoY Change 92.4% -106.19%
NET CHANGE
Cash From Operating Activities $18.25M $9.828M
Cash From Investing Activities -$23.82M -$61.07M
Cash From Financing Activities -$30.79M -$16.00M
Net Change In Cash -$36.36M -$67.25M
YoY Change -45.93% -30.51%
FREE CASH FLOW
Cash From Operating Activities $18.25M $9.828M
Capital Expenditures $2.400M $2.588M
Free Cash Flow $15.85M $7.240M
YoY Change 118.9% -69.01%

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CY2017Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
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CY2017Q1 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
3509000 USD
CY2016Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
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CY2017Q1 us-gaap Long Term Debt Noncurrent
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CY2016Q1 us-gaap Net Cash Provided By Used In Financing Activities
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CY2017Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-30791000 USD
CY2016Q1 us-gaap Net Cash Provided By Used In Investing Activities
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CY2017Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-23817000 USD
CY2016Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
9828000 USD
CY2017Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
18248000 USD
CY2017Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
CY2016Q1 us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
174453000 USD
CY2017Q1 us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
177627000 USD
CY2016Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
7030000 USD
CY2017Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-2845000 USD
CY2016Q4 us-gaap Other Assets Current
OtherAssetsCurrent
19694000 USD
CY2017Q1 us-gaap Other Assets Current
OtherAssetsCurrent
19705000 USD
CY2016Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
4932000 USD
CY2017Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
5671000 USD
CY2017Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-28000 USD
CY2017Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
0 USD
CY2016Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
12597000 USD
CY2017Q1 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
12666000 USD
CY2016Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
164000 USD
CY2017Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
47000 USD
CY2016Q4 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
18720000 USD
CY2017Q1 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
22795000 USD
CY2016Q1 us-gaap Other Restructuring Costs
OtherRestructuringCosts
58000 USD
CY2017Q1 us-gaap Other Restructuring Costs
OtherRestructuringCosts
145000 USD
CY2016Q1 us-gaap Other Sales Revenue Net
OtherSalesRevenueNet
32590000 USD
CY2017Q1 us-gaap Other Sales Revenue Net
OtherSalesRevenueNet
41154000 USD
CY2016Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
353000 USD
CY2017Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
607000 USD
CY2016Q1 us-gaap Payments For Restructuring
PaymentsForRestructuring
2305000 USD
CY2017Q1 us-gaap Payments For Restructuring
PaymentsForRestructuring
2114000 USD
CY2016Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
14774000 USD
CY2017Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
18876000 USD
CY2016Q1 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
0 USD
CY2017Q1 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
431000 USD
CY2016Q1 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
58727000 USD
CY2017Q1 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
21709000 USD
CY2016Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2588000 USD
CY2017Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2400000 USD
CY2016Q4 us-gaap Pension And Other Postretirement And Postemployment Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementAndPostemploymentBenefitPlansLiabilitiesNoncurrent
25946000 USD
CY2017Q1 us-gaap Pension And Other Postretirement And Postemployment Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementAndPostemploymentBenefitPlansLiabilitiesNoncurrent
25507000 USD
CY2016Q1 us-gaap Pension And Other Postretirement Benefit Expense
PensionAndOtherPostretirementBenefitExpense
-81000 USD
CY2017Q1 us-gaap Pension And Other Postretirement Benefit Expense
PensionAndOtherPostretirementBenefitExpense
-52000 USD
CY2016Q4 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
134818000 USD
CY2016Q1 us-gaap Profit Loss
ProfitLoss
4967000 USD
CY2017Q1 us-gaap Profit Loss
ProfitLoss
-3685000 USD
CY2016Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
381319000 USD
CY2017Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
382235000 USD
CY2016Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
877000 USD
CY2017Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
10877000 USD
CY2016Q4 us-gaap Restricted Cash And Investments Current
RestrictedCashAndInvestmentsCurrent
3406000 USD
CY2017Q1 us-gaap Restricted Cash And Investments Current
RestrictedCashAndInvestmentsCurrent
3406000 USD
CY2016Q1 us-gaap Restructuring Charges
RestructuringCharges
926000 USD
CY2017Q1 us-gaap Restructuring Charges
RestructuringCharges
2370000 USD
CY2016Q4 us-gaap Restructuring Reserve
RestructuringReserve
1534000 USD
CY2017Q1 us-gaap Restructuring Reserve
RestructuringReserve
1790000 USD
CY2017Q1 us-gaap Restructuring Reserve Accelerated Depreciation
RestructuringReserveAcceleratedDepreciation
3200000 USD
CY2016Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
16293000 USD
CY2017Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
1896000 USD
CY2016Q1 us-gaap Revenues
Revenues
300104000 USD
CY2017Q1 us-gaap Revenues
Revenues
307524000 USD
CY2016Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
100084000 USD
CY2017Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
106195000 USD
CY2016Q1 us-gaap Severance Costs1
SeveranceCosts1
868000 USD
CY2017Q1 us-gaap Severance Costs1
SeveranceCosts1
2225000 USD
CY2016Q1 us-gaap Share Based Compensation
ShareBasedCompensation
619000 USD
CY2017Q1 us-gaap Share Based Compensation
ShareBasedCompensation
831000 USD
CY2017Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
24976 shares
CY2017Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
16.89
CY2016Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
13992 shares
CY2017Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
182035 shares
CY2017Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
15.89
CY2016Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
348573 shares
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
335593 shares
CY2017Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
375786 shares
CY2016Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
18.30
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
18.18
CY2017Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
16.86
CY2017Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
116866 shares
CY2017Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
19.13
CY2017Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
1462979 shares
CY2017Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
18.22
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
186000 USD
CY2017Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
0 USD
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
2307562 shares
CY2017Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
2307562 shares
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
17.64
CY2017Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
17.64
CY2016Q4 us-gaap Share Price
SharePrice
16.00
CY2017Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Equity Instruments Other Than Options Aggregate Intrinsic Value Nonvested
SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueNonvested
5381000 USD
CY2017Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
0 USD
CY2017Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P7Y9M18D
CY2016Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
4.07
CY2017Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
4.07
CY2016 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P8Y8M12D
CY2017Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P8Y4M24D
CY2017Q1 us-gaap Stock Granted During Period Value Sharebased Compensation Gross
StockGrantedDuringPeriodValueSharebasedCompensationGross
0 USD
CY2016Q4 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
8625000 shares
CY2016Q4 us-gaap Stockholders Equity
StockholdersEquity
754973000 USD
CY2017Q1 us-gaap Stockholders Equity
StockholdersEquity
732709000 USD
CY2016Q1 us-gaap Subscription Revenue
SubscriptionRevenue
103877000 USD
CY2017Q1 us-gaap Subscription Revenue
SubscriptionRevenue
110806000 USD
CY2016Q4 us-gaap Treasury Stock Common Shares
TreasuryStockCommonShares
46438 shares
CY2017Q1 us-gaap Treasury Stock Common Shares
TreasuryStockCommonShares
111293 shares
CY2016Q4 us-gaap Treasury Stock Common Value
TreasuryStockCommonValue
417000 USD
CY2017Q1 us-gaap Treasury Stock Common Value
TreasuryStockCommonValue
1024000 USD
CY2017Q1 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
607000 USD
CY2017Q1 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
-3372000 USD
CY2016Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
43849 shares
CY2017Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
CY2016Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
44527374 shares
CY2017Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
53186746 shares
CY2016Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
44483525 shares
CY2017Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
53186746 shares
CY2017Q1 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Reclassifications</font></div><div style="line-height:120%;padding-top:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> Certain amounts in the prior period's condensed consolidated financial statements have been reclassified to conform to the current year presentation.</font></div></div>

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