2016 Q2 Form 10-Q Financial Statement

#000138627816000185 Filed on August 09, 2016

View on sec.gov

Income Statement

Concept 2016 Q2 2015 Q2
Revenue $173.5M $170.2M
YoY Change 1.9% 15.8%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $160.6M $163.3M
YoY Change -1.65% 30.33%
% of Gross Profit
Research & Development $26.54M $27.12M
YoY Change -2.12% 56.9%
% of Gross Profit
Depreciation & Amortization $15.90M $15.00M
YoY Change 6.0% 89.87%
% of Gross Profit
Operating Expenses $160.6M $163.3M
YoY Change -1.66% 30.37%
Operating Profit $12.87M $6.918M
YoY Change 86.02% -68.17%
Interest Expense $100.0K -$400.0K
YoY Change -125.0% -140.0%
% of Operating Profit 0.78% -5.78%
Other Income/Expense, Net
YoY Change
Pretax Income $12.99M $6.487M
YoY Change 100.31% -71.48%
Income Tax $4.968M $2.991M
% Of Pretax Income 38.23% 46.11%
Net Earnings $8.026M $3.496M
YoY Change 129.58% -75.63%
Net Earnings / Revenue 4.63% 2.05%
Basic Earnings Per Share
Diluted Earnings Per Share $154.7K $66.16K
COMMON SHARES
Basic Shares Outstanding 48.47M shares 51.81M shares
Diluted Shares Outstanding 49.82M shares 52.28M shares

Balance Sheet

Concept 2016 Q2 2015 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $619.0M $841.1M
YoY Change -26.41% 8.92%
Cash & Equivalents $570.1M $763.9M
Short-Term Investments $48.90M $77.20M
Other Short-Term Assets $160.9M $81.60M
YoY Change 97.18% -11.4%
Inventory
Prepaid Expenses
Receivables $28.45M $23.19M
Other Receivables $0.00 $0.00
Total Short-Term Assets $808.4M $946.0M
YoY Change -14.54% 5.18%
LONG-TERM ASSETS
Property, Plant & Equipment $80.08M $76.71M
YoY Change 4.39% 25.05%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $158.4M $122.4M
YoY Change 29.41% 56.52%
Other Assets $13.40M $29.60M
YoY Change -54.73% 73.1%
Total Long-Term Assets $720.3M $719.6M
YoY Change 0.1% 235.5%
TOTAL ASSETS
Total Short-Term Assets $808.4M $946.0M
Total Long-Term Assets $720.3M $719.6M
Total Assets $1.529B $1.666B
YoY Change -8.22% 49.53%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $15.72M $19.73M
YoY Change -20.32% -0.87%
Accrued Expenses $102.3M $69.90M
YoY Change 46.35% 44.72%
Deferred Revenue
YoY Change
Short-Term Debt $559.6M $609.8M
YoY Change -8.23% 32.54%
Long-Term Debt Due $21.00M $22.50M
YoY Change -6.67%
Total Short-Term Liabilities $752.0M $810.8M
YoY Change -7.25% 28.75%
LONG-TERM LIABILITIES
Long-Term Debt $90.20M $116.3M
YoY Change -22.44%
Other Long-Term Liabilities $20.74M $40.25M
YoY Change -48.48% 26.33%
Total Long-Term Liabilities $20.74M $40.25M
YoY Change -48.48% 26.33%
TOTAL LIABILITIES
Total Short-Term Liabilities $752.0M $810.8M
Total Long-Term Liabilities $20.74M $40.25M
Total Liabilities $864.6M $967.3M
YoY Change -10.62% 46.15%
SHAREHOLDERS EQUITY
Retained Earnings $325.0M $290.0M
YoY Change 12.07% 24.65%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $664.1M $698.2M
YoY Change
Total Liabilities & Shareholders Equity $1.529B $1.666B
YoY Change -8.22% 49.53%

Cashflow Statement

Concept 2016 Q2 2015 Q2
OPERATING ACTIVITIES
Net Income $8.026M $3.496M
YoY Change 129.58% -75.63%
Depreciation, Depletion And Amortization $15.90M $15.00M
YoY Change 6.0% 89.87%
Cash From Operating Activities $19.40M $33.70M
YoY Change -42.43% 36.44%
INVESTING ACTIVITIES
Capital Expenditures -$11.80M -$10.90M
YoY Change 8.26% 202.78%
Acquisitions
YoY Change
Other Investing Activities -$15.00M -$79.10M
YoY Change -81.04% 197.37%
Cash From Investing Activities -$26.80M -$90.00M
YoY Change -70.22% 198.01%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -162.3M -58.10M
YoY Change 179.35% -6.89%
NET CHANGE
Cash From Operating Activities 19.40M 33.70M
Cash From Investing Activities -26.80M -90.00M
Cash From Financing Activities -162.3M -58.10M
Net Change In Cash -169.7M -114.4M
YoY Change 48.34% 68.48%
FREE CASH FLOW
Cash From Operating Activities $19.40M $33.70M
Capital Expenditures -$11.80M -$10.90M
Free Cash Flow $31.20M $44.60M
YoY Change -30.04% 57.6%

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us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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0.025
us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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0.031
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us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
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27000 USD
us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
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1235000 USD
CY2015Q4 us-gaap Federal Funds Sold
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1000 USD
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444000 USD
CY2015Q1 us-gaap Financing Receivable Allowance For Credit Losses
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340000 USD
CY2015Q2 us-gaap Financing Receivable Allowance For Credit Losses
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377000 USD
CY2015Q4 us-gaap Financing Receivable Allowance For Credit Losses
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426000 USD
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us-gaap Financing Receivable Allowance For Credit Losses Write Offs
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44000 USD
CY2016Q1 us-gaap Financing Receivable Allowance For Credit Losses
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278000 USD
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266000 USD
CY2016Q2 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
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22000 USD
us-gaap Financing Receivable Allowance For Credit Losses Write Offs
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22000 USD
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1.000
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1.000
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664000 USD
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655000 USD
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21000 USD
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120000 USD
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0 USD
us-gaap Impairment Of Investments
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0 USD
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0 USD
us-gaap Impairment Of Investments
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0 USD
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72265000 USD
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12994000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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65000000 USD
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2991000 USD
us-gaap Income Tax Expense Benefit
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24092000 USD
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891000 USD
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11472000 USD
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6434000 USD
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us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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us-gaap Increase Decrease In Accounts Receivable
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3765000 USD
us-gaap Increase Decrease In Accounts Receivable
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26269000 USD
us-gaap Increase Decrease In Accrued Income Taxes Payable
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27424000 USD
us-gaap Increase Decrease In Accrued Income Taxes Payable
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11396000 USD
us-gaap Increase Decrease In Client Funds Held
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-60929000 USD
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80141000 USD
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-9521000 USD
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-10719000 USD
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-12724000 USD
us-gaap Increase Decrease In Deposits
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42680000 USD
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-94099000 USD
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-56000 USD
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-179000 USD
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3417000 USD
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-2533000 USD
us-gaap Increase Decrease In Restricted Cash
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1253000 USD
us-gaap Increase Decrease In Restricted Cash
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3128000 USD
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17849000 USD
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1549000 USD
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1408000 USD
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6189000 USD
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1118000 USD
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2496000 USD
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1533000 USD
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3834000 USD
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2278000 USD
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41461000 USD
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82815000 USD
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41092000 USD
us-gaap Labor And Related Expense
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84179000 USD
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1691448000 USD
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1528687000 USD
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751993000 USD
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20966000 USD
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20966000 USD
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121652000 USD
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111169000 USD
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6705000 USD
CY2016Q2 us-gaap Loans And Leases Receivable Gross Carrying Amount
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6160000 USD
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6279000 USD
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5894000 USD
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LoansReceivableFairValueDisclosure
5847000 USD
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5231000 USD
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100686000 USD
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90203000 USD
us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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118172000 USD
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90444000 USD
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3496000 USD
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44309000 USD
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8026000 USD
us-gaap Net Income Loss
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40908000 USD
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3397000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
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43046000 USD
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7782000 USD
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39682000 USD
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23644000 USD
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106251000 USD
us-gaap Number Of Reportable Segments
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2 segment
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100000 store
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163329000 USD
us-gaap Operating Expenses
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324598000 USD
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160619000 USD
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334157000 USD
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6918000 USD
us-gaap Operating Income Loss
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CY2016Q2 us-gaap Operating Income Loss
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12869000 USD
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67355000 USD
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us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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301000 USD
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674000 USD
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38903000 USD
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66939000 USD
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29906000 USD
us-gaap Other General And Administrative Expense
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67980000 USD
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37894000 USD
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20737000 USD
us-gaap Payments For Proceeds From Loans Receivable
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us-gaap Payments For Repurchase Of Common Stock
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0 USD
us-gaap Payments For Repurchase Of Common Stock
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59013000 USD
us-gaap Payments Of Merger Related Costs Financing Activities
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668000 USD
us-gaap Payments Of Merger Related Costs Financing Activities
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367000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
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1038000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
3834000 USD
us-gaap Payments To Acquire Available For Sale Securities Debt
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us-gaap Payments To Acquire Available For Sale Securities Debt
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79835000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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65209000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
25042000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
23980000 USD
CY2015Q2 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
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us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
1263000 USD
CY2016Q2 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
244000 USD
us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
1226000 USD
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30511000 USD
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PrepaidExpenseAndOtherAssetsCurrent
30800000 USD
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6416000 USD
CY2016Q2 us-gaap Prepaid Expense And Other Assets Noncurrent
PrepaidExpenseAndOtherAssetsNoncurrent
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us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
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1836000 USD
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CY2016Q2 us-gaap Property Plant And Equipment Net
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80076000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
31566000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
39787000 USD
us-gaap Proceeds From Sale Of Available For Sale Securities Debt
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12935000 USD
us-gaap Proceeds From Sale Of Available For Sale Securities Debt
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575000 USD
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
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7114000 USD
us-gaap Proceeds From Lines Of Credit
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30001000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
15000000 USD
us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
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33531000 USD
us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
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53884000 USD
CY2015Q2 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
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us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
34000 USD
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ProvisionForLoanLeaseAndOtherLosses
0 USD
us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
151000 USD
us-gaap Repayments Of Lines Of Credit
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30001000 USD
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15000000 USD
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
11250000 USD
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
11250000 USD
CY2015Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
5793000 USD
CY2016Q2 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
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8921000 USD
CY2015Q4 us-gaap Retained Earnings Accumulated Deficit
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RetainedEarningsAccumulatedDeficit
325013000 USD
CY2015Q2 us-gaap Revenues
Revenues
170247000 USD
us-gaap Revenues
Revenues
397412000 USD
CY2016Q2 us-gaap Revenues
Revenues
173488000 USD
us-gaap Revenues
Revenues
401512000 USD
CY2015Q2 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
55845000 USD
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
117124000 USD
CY2016Q2 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
63077000 USD
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
126941000 USD
CY2015Q4 us-gaap Settlement Assets Current
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CY2016Q2 us-gaap Settlement Assets Current
SettlementAssetsCurrent
121180000 USD
CY2015Q4 us-gaap Settlement Liabilities Current
SettlementLiabilitiesCurrent
5074000 USD
CY2016Q2 us-gaap Settlement Liabilities Current
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2947000 USD
CY2015Q2 us-gaap Share Based Compensation
ShareBasedCompensation
6400000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
11623000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
11600000 USD
CY2016Q2 us-gaap Share Based Compensation
ShareBasedCompensation
7400000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
13052000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
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CY2015Q4 us-gaap Stockholders Equity
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CY2016Q2 us-gaap Stockholders Equity
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CY2015Q4 us-gaap Taxes Payable Current
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0 USD
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4950000 USD
CY2016Q2 us-gaap Time Deposit Maturities After Year Five
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562000 USD
CY2016Q2 us-gaap Time Deposit Maturities Remainder Of Fiscal Year
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1720000 USD
CY2016Q2 us-gaap Time Deposit Maturities Year Five
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1320000 USD
CY2016Q2 us-gaap Time Deposit Maturities Year Four
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365000 USD
CY2016Q2 us-gaap Time Deposit Maturities Year Three
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606000 USD
CY2016Q2 us-gaap Time Deposit Maturities Year Two
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3765000 USD
CY2016Q2 us-gaap Time Deposits
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CY2015Q4 us-gaap Time Deposits100000 Or More
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6268000 USD
CY2016Q2 us-gaap Time Deposits100000 Or More
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6505000 USD
CY2015Q4 us-gaap Time Deposits Less Than100000
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CY2016Q2 us-gaap Time Deposits Less Than100000
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1833000 USD
CY2015Q2 us-gaap Undistributed Earnings
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us-gaap Undistributed Earnings
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CY2016Q2 us-gaap Undistributed Earnings
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us-gaap Undistributed Earnings
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CY2015Q2 us-gaap Undistributed Earnings Diluted
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43010000 USD
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UndistributedEarningsDiluted
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us-gaap Undistributed Earnings Diluted
UndistributedEarningsDiluted
39711000 USD
CY2015Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
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1000 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
48000 USD
CY2016Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
0 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
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0 USD
CY2014Q4 us-gaap Unrecognized Tax Benefits
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6190000 USD
CY2015Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
7044000 USD
CY2015Q4 us-gaap Unrecognized Tax Benefits
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8260000 USD
CY2016Q2 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
900000 USD
us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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854000 USD
us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
889000 USD
us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
0 USD
us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
0 USD
CY2015Q2 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
7044000 USD
CY2015Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
7400000 USD
CY2016Q2 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
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8260000 USD
CY2015Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
52104000 shares
CY2016Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
49818000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
50396000 shares
CY2015Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2016Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
48471000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
49167000 shares

Files In Submission

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0001386278-16-000185-index-headers.html Edgar Link pending
0001386278-16-000185-index.html Edgar Link pending
0001386278-16-000185.txt Edgar Link pending
0001386278-16-000185-xbrl.zip Edgar Link pending
a2016-06x30form10xq.htm Edgar Link pending
exb311-gdot06302016.htm Edgar Link pending
exb312-gdot06302016.htm Edgar Link pending
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exb322-gdot06302016.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
gdot-20160630.xml Edgar Link completed
gdot-20160630.xsd Edgar Link pending
gdot-20160630_cal.xml Edgar Link unprocessable
gdot-20160630_def.xml Edgar Link unprocessable
gdot-20160630_lab.xml Edgar Link unprocessable
gdot-20160630_pre.xml Edgar Link unprocessable
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