2019 Q4 Form 10-K Financial Statement

#000156459020010784 Filed on March 13, 2020

View on sec.gov

Income Statement

Concept 2019 Q4 2018 Q4 2018 Q3
Revenue $101.8M $111.3M $74.43M
YoY Change -8.58% 39.68% 106.89%
Cost Of Revenue $66.10M $68.40M $43.93M
YoY Change -3.36% 37.63% 87.42%
Gross Profit $35.71M $42.89M $30.50M
YoY Change -16.74% 43.22% 143.28%
Gross Profit Margin 35.09% 38.53% 40.98%
Selling, General & Admin $19.80M $15.90M $12.58M
YoY Change 24.53% 24.22% 38.47%
% of Gross Profit 55.44% 37.07% 41.24%
Research & Development $2.500M $1.600M $1.400M
YoY Change 56.25% 33.33% 4.79%
% of Gross Profit 7.0% 3.73% 4.59%
Depreciation & Amortization $1.310M $1.080M $810.0K
YoY Change 21.3% -6.9% -7.95%
% of Gross Profit 3.67% 2.52% 2.66%
Operating Expenses $22.20M $17.50M $13.98M
YoY Change 26.86% 25.0% 31.12%
Operating Profit $13.51M $25.39M $16.52M
YoY Change -46.78% 59.21% 780.7%
Interest Expense -$300.0K -$1.000M $1.093M
YoY Change -70.0% -54.55% -46.47%
% of Operating Profit -2.22% -3.94% 6.62%
Other Income/Expense, Net $300.0K -$7.300M -$99.00K
YoY Change -104.11% 7200.0% -139.29%
Pretax Income $13.90M $17.20M $15.33M
YoY Change -19.19% 25.55% 17725.58%
Income Tax -$6.500M $1.000M $398.0K
% Of Pretax Income -46.76% 5.81% 2.6%
Net Earnings $20.39M $24.61M $14.93M
YoY Change -17.18% 72.96% -3134.96%
Net Earnings / Revenue 20.03% 22.11% 20.06%
Basic Earnings Per Share $1.41 $1.73 $1.07
Diluted Earnings Per Share $1.29 $1.33 $0.91
COMMON SHARES
Basic Shares Outstanding 14.24M shares 14.02M
Diluted Shares Outstanding 16.23M

Balance Sheet

Concept 2019 Q4 2018 Q4 2018 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $8.200M $7.100M $6.200M
YoY Change 15.49% 36.54% 1140.0%
Cash & Equivalents $8.249M $7.078M $6.178M
Short-Term Investments
Other Short-Term Assets $4.100M $4.500M $5.200M
YoY Change -8.89% 28.57% 4.0%
Inventory $45.71M $49.47M $73.35M
Prepaid Expenses
Receivables $44.53M $52.80M $29.00M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $102.5M $113.8M $113.7M
YoY Change -9.9% 31.18% 49.85%
LONG-TERM ASSETS
Property, Plant & Equipment $3.962M $5.856M $4.019M
YoY Change -32.34% 25.21% -9.22%
Goodwill $8.515M $0.00
YoY Change
Intangibles $6.011M $1.036M $1.091M
YoY Change 480.21% -26.21% -26.48%
Long-Term Investments
YoY Change
Other Assets $8.500M $1.200M $700.0K
YoY Change 608.33% -14.29% -46.15%
Total Long-Term Assets $28.80M $8.104M $5.808M
YoY Change 255.43% 8.27% -19.14%
TOTAL ASSETS
Total Short-Term Assets $102.5M $113.8M $113.7M
Total Long-Term Assets $28.80M $8.104M $5.808M
Total Assets $131.4M $121.9M $119.5M
YoY Change 7.74% 29.36% 43.88%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $22.51M $17.72M $49.01M
YoY Change 27.01% 31.69% 63.4%
Accrued Expenses $23.90M
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $15.70M $37.40M $3.500M
YoY Change -58.02% -2.86% -85.89%
Long-Term Debt Due $0.00 $800.0K
YoY Change -100.0% -83.33%
Total Short-Term Liabilities $64.59M $73.60M $67.92M
YoY Change -12.24% 8.95% -5.29%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $25.87M
YoY Change -100.0% -5.21%
Other Long-Term Liabilities $3.223M $2.792M $2.313M
YoY Change 15.44% 20.76% 3.31%
Total Long-Term Liabilities $3.223M $2.792M $28.18M
YoY Change 15.44% -90.67% -4.57%
TOTAL LIABILITIES
Total Short-Term Liabilities $64.59M $73.60M $67.92M
Total Long-Term Liabilities $3.223M $2.792M $28.18M
Total Liabilities $67.96M $84.42M $96.10M
YoY Change -19.5% -27.48% -19.78%
SHAREHOLDERS EQUITY
Retained Earnings -$113.5M -$131.5M -$147.7M
YoY Change -13.65% -22.69% -19.87%
Common Stock $14.00K $14.00K $14.00K
YoY Change 0.0% 16.67% -71.43%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $63.39M $37.50M $23.43M
YoY Change
Total Liabilities & Shareholders Equity $131.4M $121.9M $119.5M
YoY Change 7.74% 29.36% 43.88%

Cashflow Statement

Concept 2019 Q4 2018 Q4 2018 Q3
OPERATING ACTIVITIES
Net Income $20.39M $24.61M $14.93M
YoY Change -17.18% 72.96% -3134.96%
Depreciation, Depletion And Amortization $1.310M $1.080M $810.0K
YoY Change 21.3% -6.9% -7.95%
Cash From Operating Activities $12.07M -$1.110M -$2.980M
YoY Change -1187.39% -81.09% -82.83%
INVESTING ACTIVITIES
Capital Expenditures -$280.0K -$3.030M -$1.650M
YoY Change -90.76% 65.57% -20.29%
Acquisitions
YoY Change
Other Investing Activities $0.00
YoY Change
Cash From Investing Activities -$280.0K -$3.030M -$1.650M
YoY Change -90.76% 65.57% -20.29%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -11.43M 5.140M 1.740M
YoY Change -322.37% -58.55% -90.65%
NET CHANGE
Cash From Operating Activities 12.07M -1.110M -2.980M
Cash From Investing Activities -280.0K -3.030M -1.650M
Cash From Financing Activities -11.43M 5.140M 1.740M
Net Change In Cash 360.0K 1.000M -2.890M
YoY Change -64.0% -78.72% 248.19%
FREE CASH FLOW
Cash From Operating Activities $12.07M -$1.110M -$2.980M
Capital Expenditures -$280.0K -$3.030M -$1.650M
Free Cash Flow $12.35M $1.920M -$1.330M
YoY Change 543.23% -147.52% -91.3%

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WeightedAverageNumberOfDilutedSharesOutstanding
15688000
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-2655000
CY2018 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1737000
CY2018 us-gaap Net Income Loss
NetIncomeLoss
39190000
CY2017 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-9000
CY2019 us-gaap Debt And Equity Securities Gain Loss
DebtAndEquitySecuritiesGainLoss
1601000
CY2018 us-gaap Debt And Equity Securities Gain Loss
DebtAndEquitySecuritiesGainLoss
-5291000
CY2018 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
14289000
CY2017 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
12336000
CY2019 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
255000
CY2019 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
2525000
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-6237000
CY2018 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
549000
CY2019 hear Revenue From Contract With Customer Sales Returns Reserve For Sales Returns
RevenueFromContractWithCustomerSalesReturnsReserveForSalesReturns
397000
CY2019Q4 hear Finite Lived Intangible Assets Foreign Currency Accumulated Amortization
FiniteLivedIntangibleAssetsForeignCurrencyAccumulatedAmortization
876000
CY2019Q4 hear Finite Lived Intangible Assets Foreign Currency Net
FiniteLivedIntangibleAssetsForeignCurrencyNet
128000
CY2019 hear Decrease In Fair Value Of Contingent Consideration
DecreaseInFairValueOfContingentConsideration
471000
CY2018 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-1572000
CY2019 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-9931000
CY2018 hear Stock Issued During Period Value Warrants Exercised
StockIssuedDuringPeriodValueWarrantsExercised
778000
CY2018 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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1877000
CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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37496000
CY2018 us-gaap Proceeds From Long Term Lines Of Credit
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361073000
CY2018 us-gaap Increase Decrease In Accounts Receivable
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6978000
CY2017 us-gaap Increase Decrease In Accounts Receivable
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-3109000
CY2019 us-gaap Increase Decrease In Inventories
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-7264000
CY2018 us-gaap Increase Decrease In Inventories
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25391000
CY2017 us-gaap Increase Decrease In Inventories
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7496000
CY2019 us-gaap Increase Decrease In Accounts Payable
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-393000
CY2018 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
4101000
CY2017 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
1494000
CY2019 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
66000
CY2018 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
481000
CY2019 us-gaap Increase Decrease In Accrued Income Taxes Payable
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-371000
CY2017 us-gaap Increase Decrease In Other Operating Liabilities
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-5535000
CY2018 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
42249000
CY2017 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
3418000
CY2019 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1912000
CY2018 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
5079000
CY2017 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
4411000
CY2019 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
12667000
CY2019 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-14579000
CY2018 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-5079000
CY2017 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-4411000
CY2019 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
219910000
CY2017 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
172694000
CY2019 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
241640000
CY2018 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
362154000
CY2017 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
170132000
CY2017 us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
4000
CY2018 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
3265000
CY2018 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
14985000
CY2017 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
2647000
CY2018 us-gaap Repayments Of Subordinated Debt
RepaymentsOfSubordinatedDebt
23940000
CY2019 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
255000
CY2018 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
612000
CY2017 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
73000
CY2018 hear Cash Portion Of Loss On Debt Extinguishment
CashPortionOfLossOnDebtExtinguishment
375000
CY2017 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-162000
CY2018 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-210000
CY2017 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
219000
CY2019 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
1171000
CY2018 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
1831000
CY2017 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-936000
CY2019 us-gaap Interest Paid Net
InterestPaidNet
769000
CY2019 us-gaap Income Taxes Paid
IncomeTaxesPaid
2317000
CY2019 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
16000
CY2018 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
348000
CY2017 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
183000
CY2019 hear Reclassification Financial Instrument Obligation
ReclassificationFinancialInstrumentObligation
6248000
CY2017 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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1430000
CY2017Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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-22157000
CY2018 us-gaap Cumulative Effect On Retained Earnings Net Of Tax1
CumulativeEffectOnRetainedEarningsNetOfTax1
-605000
CY2018 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
246000
CY2019 hear Adjustments To Additional Paid In Capital Reclassification Of Financial Instrument Obligation
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6248000
CY2019 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
-1000
CY2019 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
330000
CY2019 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
3558000
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
63387000
CY2019 us-gaap Use Of Estimates
UseOfEstimates
<p style="margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;">Uses of Estimates</p> <p style="margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The preparation of financial statements in conformity with generally accepted accounting principles requires management to use estimates and assumptions that affect the reported amount of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements, as well as the reported amounts of revenue and expenses during the reporting period.&#160;The significant estimates and assumptions used by management affect: sales return reserve, allowances for cash discounts, warranty reserve, valuation of inventory, valuation of long-lived assets, goodwill and other intangible assets, depreciation and amortization of long-lived assets, valuation of deferred tax assets, determination of fair value of stock-based awards, stock warrants and share-based compensation. The Company evaluates estimates and assumptions on an ongoing basis using historical experience and other factors and adjusts those estimates and assumptions when facts and circumstances dictate. As future events and their effects cannot be determined with precision, actual results could differ from these estimates, and those differences could be material to the consolidated financial statements.</p>
CY2019 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;">Concentration of Credit Risk</p> <p style="margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Financial instruments that potentially subject the Company to concentrations of credit risk consist principally of investments in cash, cash equivalents and accounts receivables. The Company is exposed to credit risk and liquidity risk in the event of default by the financial institutions or issuers of investments in excess of FDIC insured limits. The Company performs periodic evaluations of the relative credit standing of these financial institutions and limits the amount of credit exposure with any institution.</p> <p style="margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Accounts receivable are unsecured and represent amounts due based on contractual obligations of customers. The Company&#8217;s three largest individual customers accounted for approximately 42% of its gross sales in the aggregate for the year ended December&#160;31, 2019, or individually 11%, 20% and 11%, compared to&#160;13%, 19% and 11% in&#160; 2018 &#160;and&#160; 16%, 14% and 13%&#160;in&#160; 2017. In addition, these three customers accounted for 33%, 29% and 9% of accounts receivable as of December&#160;31, 2019 and 30%, 29% and 18% as of December&#160;31, 2018.</p> <p style="margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Concentrations of credit risk with respect to accounts receivable are mitigated by performing ongoing credit evaluations of customers to assess the probability of collection based on a number of factors, including past transaction experience with the customer, evaluation of their credit history, limiting the credit extended, and review of the invoicing terms of the contract. In addition, the Company has credit insurance in place through a third-party insurer against defaults by certain other domestic and international customers, subject to policy limits. The Company generally does not require customers to provide collateral to support accounts receivable. The Company has recorded an allowance for doubtful accounts for those receivables that were determined not to be collectible.</p> <p style="margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Foreign cash balances at December&#160;31, 2019&#160;and 2018 were $5.9 million and $5.2 million, respectively.</p>
CY2019Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
21540000
CY2018Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
19366000
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17578000
CY2018Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
13510000
CY2019Q4 hear Accrued Customer Fees
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3147000
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570000
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3880000
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AccruedRoyaltiesCurrent
4069000
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3674000
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EmployeeRelatedLiabilitiesCurrent
4570000
CY2019Q4 us-gaap Accrued Marketing Costs Current
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3695000
CY2018Q4 us-gaap Accrued Marketing Costs Current
AccruedMarketingCostsCurrent
1692000
CY2019Q4 hear Foreign Tax Liability Current
ForeignTaxLiabilityCurrent
2504000
CY2018Q4 hear Foreign Tax Liability Current
ForeignTaxLiabilityCurrent
1311000
CY2019Q4 hear Accrued Expenses Current
AccruedExpensesCurrent
9522000
CY2019Q4 hear Allowance For Cash Discounts
AllowanceForCashDiscounts
16000000
CY2019Q4 hear Allowance For Sales Returns
AllowanceForSalesReturns
8800000
CY2019 us-gaap Advertising Expense
AdvertisingExpense
7500000
CY2018 us-gaap Advertising Expense
AdvertisingExpense
6700000
CY2017 us-gaap Advertising Expense
AdvertisingExpense
4200000
CY2019 us-gaap Cooperative Advertising Expense
CooperativeAdvertisingExpense
5700000
CY2018 us-gaap Cooperative Advertising Expense
CooperativeAdvertisingExpense
5400000
CY2017 us-gaap Cooperative Advertising Expense
CooperativeAdvertisingExpense
3100000
CY2019 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P4Y
CY2019Q4 us-gaap Nonfinancial Liabilities Fair Value Disclosure
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0
CY2018Q4 us-gaap Nonfinancial Liabilities Fair Value Disclosure
NonfinancialLiabilitiesFairValueDisclosure
0
CY2019 us-gaap Number Of Reportable Segments
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1
CY2019Q1 us-gaap Operating Lease Liability
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3300000
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12700000
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1600000
CY2019Q4 hear Potential Earn Outs Payments
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3400000
CY2019 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
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500000
CY2019Q4 us-gaap Inventory Raw Materials Net Of Reserves
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1288000
CY2018Q4 us-gaap Inventory Raw Materials Net Of Reserves
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1410000
CY2019Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
44423000
CY2018Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
48062000
CY2018Q4 hear Accrued Expenses Current
AccruedExpensesCurrent
6276000
CY2019Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
10381000
CY2019Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
4370000
CY2019Q4 hear Finite Lived Intangible Assets Foreign Currency Gross
FiniteLivedIntangibleAssetsForeignCurrencyGross
1004000
CY2018Q4 us-gaap Intangible Assets Gross Excluding Goodwill
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4638000
CY2018Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
3602000
CY2018Q4 hear Finite Lived Intangible Assets Foreign Currency Gross
FiniteLivedIntangibleAssetsForeignCurrencyGross
1158000
CY2018Q4 hear Finite Lived Intangible Assets Foreign Currency Accumulated Amortization
FiniteLivedIntangibleAssetsForeignCurrencyAccumulatedAmortization
937000
CY2018Q4 hear Finite Lived Intangible Assets Foreign Currency Net
FiniteLivedIntangibleAssetsForeignCurrencyNet
221000
CY2019Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
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942000
CY2019Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
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901000
CY2019Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
866000
CY2019Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
837000
CY2019Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
813000
CY2019Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
1780000
CY2019Q4 us-gaap Finite Lived Intangible Assets Net
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6139000
CY2019 us-gaap Goodwill Acquired During Period
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8515000
CY2019 us-gaap Interest Expense Debt
InterestExpenseDebt
900000
CY2018 us-gaap Interest Expense Debt
InterestExpenseDebt
4300000
CY2017 us-gaap Interest Expense Debt
InterestExpenseDebt
5800000
CY2018Q4 us-gaap Debt Issuance Costs Incurred During Noncash Or Partial Noncash Transaction
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600000
CY2019 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
230000
CY2017 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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181000
CY2019 us-gaap Foreign Income Tax Expense Benefit Continuing Operations
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858000
CY2018 us-gaap Foreign Income Tax Expense Benefit Continuing Operations
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1014000
CY2017 us-gaap Foreign Income Tax Expense Benefit Continuing Operations
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181000
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
8030000
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
37466000
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-3722000
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
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3677000
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3461000
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227000
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0
CY2017 us-gaap Deferred Federal Income Tax Expense Benefit
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0
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CY2018 us-gaap Federal Income Tax Expense Benefit Continuing Operations
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423000
CY2017 us-gaap Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
227000
CY2019 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
114000
CY2018 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
300000
CY2017 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
185000
CY2019 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
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CY2018 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
0
CY2017 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
0
CY2019 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
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CY2018 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
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300000
CY2017 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
185000
CY2019 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
897000
CY2018 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
378000
CY2017 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
0
CY2019 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-39000
CY2018 us-gaap Deferred Foreign Income Tax Expense Benefit
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636000
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
1067000
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
11707000
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
40927000
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-2655000
CY2019 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.21
CY2018 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.21
CY2017 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
CY2019 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
2458000
CY2018 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
8595000
CY2019 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
989000
CY2018 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
594000
CY2017 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
157000
CY2019 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
-33000
CY2018 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
-50000
CY2017 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
-92000
CY2019 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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-10112000
CY2018 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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-8497000
CY2017 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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CY2019 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
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0
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105000
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336000
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429000
CY2018 hear Effective Income Tax Rate Reconciliation Changein Management Assumptions Amount
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0
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241000
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402000
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136000
CY2017 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
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88000
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186000
CY2017 us-gaap Income Tax Reconciliation Other Adjustments
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536000
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182000
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140000
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32000
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8179000
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893000
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1920000
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521000
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512000
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176000
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94000
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11005000
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187000
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10100000
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1695000
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1468000
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213000
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227000
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376000
CY2018 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
0
CY2019 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
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293000
CY2018 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
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0
CY2019Q4 us-gaap Unrecognized Tax Benefits
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1239000
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700000
CY2019Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
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1200000
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100000
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700000
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ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
13.57
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1200000
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19400000
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18900000
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2600000
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1600000
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-5300000
CY2019 us-gaap Dividends
Dividends
0
CY2018 us-gaap Dividends
Dividends
0
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Dividends
0
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16343000
CY2018 us-gaap Net Income Loss Attributable To Parent Diluted
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39190000
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CY2019 hear Incremental Common Shares Attributable To Dilutive Effect Of Restricted Stock Awards
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19000
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31000
CY2019 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
432000
CY2018 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
565000
CY2019 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
754000
CY2018 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
181000
CY2019 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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674000
CY2018 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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570000
CY2017 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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2390000
CY2019Q2 us-gaap Stock Repurchase Program Authorized Amount1
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300000
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1201000
CY2019 hear Share Based Compensation Arrangement By Share Based Payment Award Options Plan Amendment
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsPlanAmendment
1440000
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626636
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292000
CY2019 hear Forfeited Expired Shares Added Back
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55000
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1777000
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100000
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88927
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49513
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2142925
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2091287
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1063745
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6.41
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11.45
CY2019 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
3.71
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
7.83
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
7.82
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
6.54
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SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P7Y4M9D
CY2019 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P7Y1M17D
CY2019 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P7Y1M2D
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P5Y5M23D
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14374572
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
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6545982
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6451094
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3926696
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600000
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
9000000
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0.015
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0.027
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0.380
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0.482
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0.00
CY2019 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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1000000
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700000
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1300000
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500000
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41330000
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46723000
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6200000
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668000
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472000
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639000
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ProductWarrantyExpense
816000
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ProductWarrantyExpense
864000
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ProductWarrantyExpense
310000
CY2019 us-gaap Product Warranty Accrual Payments
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742000
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ProductWarrantyAccrualPayments
668000
CY2017 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
477000
CY2019Q4 us-gaap Product Warranty Accrual
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742000
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1770000
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595000
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1280000
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1875000
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1700000
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660000
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581000
CY2019Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
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227000
CY2019Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
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103000
CY2019Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
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103000
CY2019Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
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293000
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due
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1967000
CY2019Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
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92000
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3055000
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14932000
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24614000
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35712000
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1.73
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1.33
CY2019Q4 us-gaap Valuation Allowances And Reserves Balance
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24940000
CY2018Q4 us-gaap Valuation Allowances And Reserves Balance
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23271000
CY2017Q4 us-gaap Valuation Allowances And Reserves Balance
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12704000
CY2019 us-gaap Valuation Allowances And Reserves Charged To Cost And Expense
ValuationAllowancesAndReservesChargedToCostAndExpense
18935000
CY2018 us-gaap Valuation Allowances And Reserves Charged To Cost And Expense
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26194000
CY2017 us-gaap Valuation Allowances And Reserves Charged To Cost And Expense
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17967000
CY2019 us-gaap Valuation Allowances And Reserves Deductions
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16848000
CY2018 us-gaap Valuation Allowances And Reserves Deductions
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19410000
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20386000
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CY2019Q4 us-gaap Earnings Per Share Basic
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1.41
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EarningsPerShareDiluted
0.19
CY2019Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.16
CY2019Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.22
CY2019Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.29
CY2018Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
40886000
CY2018Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
60805000
CY2018Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
74427000
CY2018Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
111319000
CY2018Q1 us-gaap Gross Profit
GrossProfit
15029000
CY2018Q2 us-gaap Gross Profit
GrossProfit
20277000
CY2018Q3 us-gaap Gross Profit
GrossProfit
30502000
CY2018Q4 us-gaap Gross Profit
GrossProfit
42891000
CY2018Q1 us-gaap Net Income Loss
NetIncomeLoss
1962000
CY2018Q2 us-gaap Net Income Loss
NetIncomeLoss
-2318000

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