2018 Q1 Form 10-K Financial Statement

#000157968418000003 Filed on February 28, 2018

View on sec.gov

Income Statement

Concept 2018 Q1 2016 Q4 2016 Q3
Revenue $340.8M $333.6M $306.8M
YoY Change 10.81% -0.02% -1.67%
Cost Of Revenue $179.3M $173.0M
YoY Change -0.22% -1.59%
Gross Profit $154.3M $133.9M
YoY Change 0.26% -1.76%
Gross Profit Margin 46.26% 43.64%
Selling, General & Admin $109.6M $100.1M
YoY Change -6.8% 0.19%
% of Gross Profit 71.03% 74.72%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $17.40M $17.10M
YoY Change 5.45% -6.04%
% of Gross Profit 11.28% 12.77%
Operating Expenses $306.3M $100.1M
YoY Change -2.39% 0.19%
Operating Profit $7.051M $26.97M $10.63M
YoY Change -333.79% -59.55% -27.44%
Interest Expense -$7.400M $7.391M
YoY Change -27.45% -5.49%
% of Operating Profit -27.44% 69.54%
Other Income/Expense, Net -$1.900M $62.00K
YoY Change -186.36% -720.0%
Pretax Income -$781.0K $16.87M $3.299M
YoY Change -92.2% -71.26% -51.62%
Income Tax $2.400M $504.0K
% Of Pretax Income 14.23% 15.28%
Net Earnings -$665.0K $14.50M $2.795M
YoY Change -81.95% -74.29% -54.25%
Net Earnings / Revenue -0.2% 4.35% 0.91%
Basic Earnings Per Share -$0.01 $0.31 $0.06
Diluted Earnings Per Share -$0.01 $0.31 $0.06
COMMON SHARES
Basic Shares Outstanding 53.22M shares 44.87M shares 44.53M shares
Diluted Shares Outstanding 44.67M shares

Balance Sheet

Concept 2018 Q1 2016 Q4 2016 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $172.2M $54.50M
YoY Change 17.46% 79.87%
Cash & Equivalents $172.2M $54.52M
Short-Term Investments
Other Short-Term Assets $19.69M $16.97M
YoY Change 67.42% -53.5%
Inventory $18.17M $17.28M
Prepaid Expenses
Receivables $138.1M $125.5M
Other Receivables $0.00 $0.00
Total Short-Term Assets $370.3M $235.5M
YoY Change 11.58% 8.98%
LONG-TERM ASSETS
Property, Plant & Equipment $381.3M $379.4M
YoY Change -0.91% -13.43%
Goodwill $228.0M $220.0M
YoY Change 33.21%
Intangibles $351.5M $346.4M
YoY Change 15.78%
Long-Term Investments
YoY Change
Other Assets $4.932M $7.722M
YoY Change -13.35% 37.89%
Total Long-Term Assets $965.7M $953.5M
YoY Change 11.61% -1.21%
TOTAL ASSETS
Total Short-Term Assets $370.3M $235.5M
Total Long-Term Assets $965.7M $953.5M
Total Assets $1.336B $1.189B
YoY Change 11.6% 0.65%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $19.11M $12.48M
YoY Change 99.61% -29.87%
Accrued Expenses $84.39M $84.75M
YoY Change -15.76% -7.27%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $14.40M $13.50M
YoY Change 242.86% 229.27%
Total Short-Term Liabilities $195.9M $184.1M
YoY Change 11.58% 2.33%
LONG-TERM LIABILITIES
Long-Term Debt $338.9M $339.9M
YoY Change -3.26% -7.83%
Other Long-Term Liabilities $12.60M $12.28M
YoY Change 37.04% -40.08%
Total Long-Term Liabilities $351.5M $352.2M
YoY Change -2.23% -9.53%
TOTAL LIABILITIES
Total Short-Term Liabilities $195.9M $184.1M
Total Long-Term Liabilities $351.5M $352.2M
Total Liabilities $581.1M $567.5M
YoY Change 5.64% -1.73%
SHAREHOLDERS EQUITY
Retained Earnings $16.29M $17.50M
YoY Change -63.59%
Common Stock $743.1M $607.5M
YoY Change 22.73%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares 46.44K shares
Shareholders Equity $755.0M $621.5M
YoY Change
Total Liabilities & Shareholders Equity $1.336B $1.189B
YoY Change 11.6% 0.65%

Cashflow Statement

Concept 2018 Q1 2016 Q4 2016 Q3
OPERATING ACTIVITIES
Net Income -$665.0K $14.50M $2.795M
YoY Change -81.95% -74.29% -54.25%
Depreciation, Depletion And Amortization $17.40M $17.10M
YoY Change 5.45% -6.04%
Cash From Operating Activities $27.50M $36.50M
YoY Change 161.9% -31.9%
INVESTING ACTIVITIES
Capital Expenditures -$2.900M -$2.300M
YoY Change -23.68% -8.0%
Acquisitions
YoY Change
Other Investing Activities -$29.70M -$24.80M
YoY Change -121.18% 535.9%
Cash From Investing Activities -$32.60M -$27.00M
YoY Change -123.9% 321.87%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $134.8M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 119.3M -15.60M
YoY Change -489.87% -47.3%
NET CHANGE
Cash From Operating Activities 27.50M 36.50M
Cash From Investing Activities -32.60M -27.00M
Cash From Financing Activities 119.3M -15.60M
Net Change In Cash 114.2M -6.100M
YoY Change -1.81% -134.66%
FREE CASH FLOW
Cash From Operating Activities $27.50M $36.50M
Capital Expenditures -$2.900M -$2.300M
Free Cash Flow $30.40M $38.80M
YoY Change 112.59% -30.84%

Facts In Submission

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4076000 USD
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6768000 USD
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28550000 USD
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1
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2527000 USD
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2959000 USD
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3365000 USD
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0 USD
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1
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67752000 USD
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67774000 USD
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74394000 USD
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2018-03-22
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75765000 USD
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1.29
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1.42
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2018-03-14
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0.21
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0.06
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0.31
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0.34
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3396000 USD
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0 USD
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0.368
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0.361
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0.020
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0.022
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1790000 USD
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169601000 USD
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28316000 USD
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25303000 USD
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25362000 USD
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26596000 USD
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51051000 USD
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1649000 USD
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51051000 USD
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-3564000 USD
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1649000 USD
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0 USD
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0 USD
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37037000 USD
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4800000 USD
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0 USD
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0 USD
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0 USD
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27448000 USD
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25641000 USD
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25641000 USD
CY2016 us-gaap Goodwill Written Off Related To Sale Of Business Unit
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79000 USD
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2795000 USD
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0 USD
CY2016 us-gaap Impairment Of Long Lived Assets To Be Disposed Of
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0 USD
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7142000 USD
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7142000 USD
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71018000 USD
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9312000 USD
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3299000 USD
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16871000 USD
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29322000 USD
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us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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24352000 USD
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3404000 USD
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481000 USD
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2663000 USD
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24307000 USD
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9969000 USD
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-148000 USD
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890000 USD
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796000 USD
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1027000 USD
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88000 USD
CY2016 us-gaap Income Tax Reconciliation Other Adjustments
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-35000 USD
CY2017 us-gaap Income Tax Reconciliation Other Adjustments
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0 USD
CY2015 us-gaap Income Tax Reconciliation State And Local Income Taxes
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902000 USD
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873000 USD
CY2017 us-gaap Income Tax Reconciliation State And Local Income Taxes
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1139000 USD
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1389000 USD
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2601000 USD
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52000 USD
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4986000 USD
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4255000 USD
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37814000 USD
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6645000 USD
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2862000 USD
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999000 USD
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3481000 USD
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1761000 USD
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1412000 USD
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3617000 USD
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4332000 USD
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219000 USD
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1805000 USD
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3538000 USD
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403493000 USD
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322674000 USD
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339329000 USD
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32057000 USD
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29635000 USD
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30476000 USD
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21726000 USD
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26908000 USD
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33626000 USD
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160000 USD
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18654000 USD
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42046000 USD
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22425000 USD
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24855000 USD
CY2017 us-gaap Lease And Rental Expense
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27248000 USD
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581057000 USD
CY2017Q4 us-gaap Liabilities
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609153000 USD
CY2016Q4 us-gaap Liabilities And Stockholders Equity
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CY2017 us-gaap Multiemployer Plan Contributions By Employer
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CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
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OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
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OtherNonoperatingIncomeExpense
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CY2017 us-gaap Repayments Of Long Term Lines Of Credit
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Revenues
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Revenues
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Revenues
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Revenues
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Revenues
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Revenues
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Revenues
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Revenues
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Revenues
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CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
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CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
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CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
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CY2015 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
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CY2016 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
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CY2017 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
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CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
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CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
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CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
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CY2015 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
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CY2016 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
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18.87
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17.15
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2.65
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
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3.98
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
2995000 USD
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
186000 USD
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
2245000 USD
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1445062 shares
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
2307562 shares
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
2214811 shares
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
18.61
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
17.64
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
16.90
CY2016 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
16.00
CY2017 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
14.37
CY2016Q4 us-gaap Share Price
SharePrice
16.00
CY2015Q1 us-gaap Share Price
SharePrice
21.70
CY2017Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Equity Instruments Other Than Options Aggregate Intrinsic Value Nonvested
SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueNonvested
5743000 USD
CY2017Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
1861000 USD
CY2017 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P7Y3M7D
CY2015Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
4.92
CY2016Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
4.07
CY2017Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
4.08
CY2015 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P8Y10M24D
CY2016 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P8Y8M12D
CY2017 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P7Y8M12D
CY2016Q4 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Exercise Price1
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageExercisePrice1
16.00
CY2015Q1 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Exercise Price1
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageExercisePrice1
21.70
CY2015 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
1614000 USD
CY2016 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
594000 USD
CY2017 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
1098000 USD
CY2016 us-gaap Stock Granted During Period Value Sharebased Compensation Gross
StockGrantedDuringPeriodValueSharebasedCompensationGross
225000 USD
CY2017 us-gaap Stock Granted During Period Value Sharebased Compensation Gross
StockGrantedDuringPeriodValueSharebasedCompensationGross
225000 USD
CY2015Q1 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
7000000 shares
CY2016Q4 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
8625000 shares
CY2017 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
92751 shares
CY2015 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
150129000 USD
CY2016 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
134929000 USD
CY2017 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
0 USD
CY2015 us-gaap Stock Issued During Period Value Restricted Stock Award Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures
0 USD
CY2017 us-gaap Stock Issued During Period Value Restricted Stock Award Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures
0 USD
CY2017Q2 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
100000000 USD
CY2017Q2 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
391120 shares
CY2015 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
0 USD
CY2016 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
0 USD
CY2017Q2 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
5001000 USD
CY2017 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
-5001000 USD
CY2014Q4 us-gaap Stockholders Equity
StockholdersEquity
484127000 USD
CY2015Q4 us-gaap Stockholders Equity
StockholdersEquity
647073000 USD
CY2016Q4 us-gaap Stockholders Equity
StockholdersEquity
754973000 USD
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
674393000 USD
CY2015 us-gaap Subscription Revenue
SubscriptionRevenue
378263000 USD
CY2016 us-gaap Subscription Revenue
SubscriptionRevenue
421497000 USD
CY2017 us-gaap Subscription Revenue
SubscriptionRevenue
474324000 USD
CY2016Q4 us-gaap Treasury Stock Common Value
TreasuryStockCommonValue
417000 USD
CY2017Q4 us-gaap Treasury Stock Common Value
TreasuryStockCommonValue
1081000 USD
CY2016Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
46438 shares
CY2017Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
140972 shares
CY2015 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
417000 USD
CY2017 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
664000 USD
CY2014Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
1040000 USD
CY2015Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
1289000 USD
CY2016Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
1176000 USD
CY2017Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
1160000 USD
CY2016 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
113000 USD
CY2017 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
16000 USD
CY2015 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
249000 USD
CY2015 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
-27172000 USD
CY2016 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
-14805000 USD
CY2017 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
-28083000 USD
CY2015 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
169699 shares
CY2016 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
82538 shares
CY2017 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
CY2015 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
44209114 shares
CY2016 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
45316907 shares
CY2017 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
53010421 shares
CY2015 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
44039415 shares
CY2016 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
45234369 shares
CY2017 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
53010421 shares
CY2017 us-gaap Advertising Cost Policy Expensed Advertising Cost
AdvertisingCostPolicyExpensedAdvertisingCost
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Advertising Costs</font></div><div style="line-height:120%;padding-top:6px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Advertising costs are expensed in the period incurred. The Company incurred total advertising expenses for the years ended </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2017</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;">December&#160;25, 2016</font><font style="font-family:inherit;font-size:10pt;">, and </font><font style="font-family:inherit;font-size:10pt;">December&#160;27, 2015</font><font style="font-family:inherit;font-size:10pt;"> of </font><font style="font-family:inherit;font-size:10pt;">$14,589</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;">$14,607</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$11,567</font><font style="font-family:inherit;font-size:10pt;">, respectively.</font></div></div>
CY2017 us-gaap Fiscal Period
FiscalPeriod
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Fiscal Year</font></div><div style="line-height:120%;padding-top:6px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company&#8217;s fiscal year is a 52 or 53-week operating period ending on the last Sunday of the calendar year. The Company&#8217;s </font><font style="font-family:inherit;font-size:10pt;">2017</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;">2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2015</font><font style="font-family:inherit;font-size:10pt;"> fiscal years ended on </font><font style="font-family:inherit;font-size:10pt;">December 31,</font><font style="font-family:inherit;font-size:10pt;">&#160;</font><font style="font-family:inherit;font-size:10pt;">December 25,</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">December 27,</font><font style="font-family:inherit;font-size:10pt;"> and encompassed </font><font style="font-family:inherit;font-size:10pt;">53</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;">52</font><font style="font-family:inherit;font-size:10pt;">, and </font><font style="font-family:inherit;font-size:10pt;">52</font><font style="font-family:inherit;font-size:10pt;">-week periods, respectively.</font></div></div>
CY2017 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:18px;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:6px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Certain amounts in the prior periods consolidated financial statements have been reclassified to conform to the current year presentation.</font></div></div>
CY2017 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Use of Estimates</font></div><div style="line-height:120%;padding-top:6px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with U.S. generally accepted accounting principles (&#8220;GAAP&#8221;) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</font></div><div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Examples of significant estimates include pension and postretirement benefit obligation assumptions, income taxes, allowance for doubtful accounts, self-insurance liabilities, goodwill impairment analysis, stock-based compensation, and valuation of property, plant and equipment and intangible assets. Actual results could differ from those estimates.</font></div></div>

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