2018 Q4 Form 10-K Financial Statement

#000143774919024673 Filed on December 19, 2019

View on sec.gov

Income Statement

Concept 2018 Q4 2018 Q3 2018 Q2
Revenue $614.8M $456.7M $502.5M
YoY Change -14.81% -22.86% -14.23%
Cost Of Revenue $498.6M $374.8M $415.0M
YoY Change -17.09% -25.41% -16.62%
Gross Profit $116.2M $81.90M $87.50M
YoY Change -3.41% -8.59% -0.79%
Gross Profit Margin 18.9% 17.93% 17.41%
Selling, General & Admin $50.80M $53.90M $61.70M
YoY Change -30.32% -11.93% 0.33%
% of Gross Profit 43.72% 65.81% 70.51%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $900.0K $800.0K $700.0K
YoY Change -10.0% -27.27% -36.36%
% of Gross Profit 0.77% 0.98% 0.8%
Operating Expenses $51.20M $54.40M $62.20M
YoY Change -29.86% -10.97% 1.14%
Operating Profit $65.00M $27.50M $25.30M
YoY Change 37.42% -3.51% -5.24%
Interest Expense -$15.10M -$23.10M -$33.50M
YoY Change -56.86% -36.36% -2.05%
% of Operating Profit -23.23% -84.0% -132.41%
Other Income/Expense, Net
YoY Change
Pretax Income $48.12M $78.00K -$9.578M
YoY Change 291.04% -100.16% 24.41%
Income Tax $1.939M $1.104M $245.0K
% Of Pretax Income 4.03% 1415.38%
Net Earnings $46.18M -$1.026M -$9.823M
YoY Change 289.98% -99.7% 47.01%
Net Earnings / Revenue 7.51% -0.22% -1.95%
Basic Earnings Per Share $7.75 -$0.18 -$1.65
Diluted Earnings Per Share $7.34 -$0.18 -$1.65
COMMON SHARES
Basic Shares Outstanding 5.957M 5.947M 5.937M
Diluted Shares Outstanding 6.077M 5.947M 5.937M

Balance Sheet

Concept 2018 Q4 2018 Q3 2018 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $187.9M $221.9M $253.8M
YoY Change -59.48% -22.33% -9.62%
Cash & Equivalents $233.0M $221.9M $253.8M
Short-Term Investments
Other Short-Term Assets $39.20M $41.50M $40.50M
YoY Change 5.95% -4.6% -12.34%
Inventory $1.078B $1.109B $1.040B
Prepaid Expenses
Receivables $35.20M $37.90M $70.20M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.341B $1.410B $1.405B
YoY Change -14.54% -9.41% -10.76%
LONG-TERM ASSETS
Property, Plant & Equipment $20.29M $20.10M $19.90M
YoY Change -61.67% -61.64% -62.45%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $123.7M $104.8M $88.30M
YoY Change 7.47% -3.5% -17.24%
Other Assets $12.80M $25.30M $14.00M
YoY Change 509.52% 1165.0% 677.78%
Total Long-Term Assets $321.5M $258.2M $238.0M
YoY Change -3.24% -2.76% -57.48%
TOTAL ASSETS
Total Short-Term Assets $1.341B $1.410B $1.405B
Total Long-Term Assets $321.5M $258.2M $238.0M
Total Assets $1.662B $1.668B $1.642B
YoY Change -12.57% -8.44% -23.02%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $127.8M $131.0M $116.7M
YoY Change -0.78% -10.94% -17.18%
Accrued Expenses $68.10M $51.80M $41.10M
YoY Change 13.31% 0.78% -2.14%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $229.3M $223.1M $190.7M
YoY Change 1.96% -6.3% -14.56%
LONG-TERM LIABILITIES
Long-Term Debt $1.570B $1.652B $1.668B
YoY Change -10.63% -4.77% -1.96%
Other Long-Term Liabilities $315.9M $294.0M $283.7M
YoY Change -16.67% -8.33% -17.24%
Total Long-Term Liabilities $1.886B $1.946B $1.952B
YoY Change -11.7% -5.32% -4.52%
TOTAL LIABILITIES
Total Short-Term Liabilities $229.3M $223.1M $190.7M
Total Long-Term Liabilities $1.886B $1.946B $1.952B
Total Liabilities $2.116B $2.169B $2.142B
YoY Change -10.41% -5.42% -5.51%
SHAREHOLDERS EQUITY
Retained Earnings -$1.184B -$1.230B -$1.229B
YoY Change -0.38% 2.48% 42.41%
Common Stock $710.3M $707.9M $707.5M
YoY Change 0.55% 0.05% -0.01%
Preferred Stock
YoY Change
Treasury Stock (at cost) $115.4M $115.4M $115.4M
YoY Change 0.0% 0.0% 0.0%
Treasury Stock Shares
Shareholders Equity -$453.5M -$500.6M -$500.0M
YoY Change
Total Liabilities & Shareholders Equity $1.662B $1.668B $1.642B
YoY Change -12.57% -8.44% -23.02%

Cashflow Statement

Concept 2018 Q4 2018 Q3 2018 Q2
OPERATING ACTIVITIES
Net Income $46.18M -$1.026M -$9.823M
YoY Change 289.98% -99.7% 47.01%
Depreciation, Depletion And Amortization $900.0K $800.0K $700.0K
YoY Change -10.0% -27.27% -36.36%
Cash From Operating Activities $29.80M -$26.60M $17.60M
YoY Change -80.91% -193.99% -80.72%
INVESTING ACTIVITIES
Capital Expenditures -$1.000M -$1.000M -$1.300M
YoY Change -33.33% 100.0% -66.67%
Acquisitions
YoY Change
Other Investing Activities -$1.800M -$5.600M $5.300M
YoY Change -68.42% 154.55% -1866.67%
Cash From Investing Activities -$2.800M -$6.600M $4.000M
YoY Change -60.56% 135.71% -193.02%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -64.70M 11.10M -30.20M
YoY Change -279.22% -154.15% 277.5%
NET CHANGE
Cash From Operating Activities 29.80M -26.60M 17.60M
Cash From Investing Activities -2.800M -6.600M 4.000M
Cash From Financing Activities -64.70M 11.10M -30.20M
Net Change In Cash -37.70M -22.10M -8.600M
YoY Change -120.37% -542.0% -110.89%
FREE CASH FLOW
Cash From Operating Activities $29.80M -$26.60M $17.60M
Capital Expenditures -$1.000M -$1.000M -$1.300M
Free Cash Flow $30.80M -$25.60M $18.90M
YoY Change -80.46% -188.89% -80.15%

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CY2019Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
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CY2019Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
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218994000
CY2019Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
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CY2018Q4 us-gaap Minority Interest
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CY2019Q4 us-gaap Mortgage Loans On Real Estate Writedown Or Reserve Amount1
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CY2019 us-gaap Nature Of Operations
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<div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: left;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2.</div> Business</div></div> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: left;">&nbsp;</div> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: left; text-indent: 45pt;">HEI conducts all of its homebuilding and financial services operations through its subsidiaries (references herein to the &#x201c;Company&#x201d;, &#x201c;we&#x201d;, &#x201c;us&#x201d; or &#x201c;our&#x201d; refer to HEI and its consolidated subsidiaries and should be understood to reflect the consolidated business of HEI&#x2019;s subsidiaries). Our operations consist of homebuilding, financial services and corporate. Our homebuilding operations are made up of <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">six</div> reportable segments defined as Northeast, Mid-Atlantic, Midwest, Southeast, Southwest and West. Homebuilding operations comprise the substantial part of our business, representing approximately <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">97%</div> of consolidated revenues for the year ended <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> October 31, 2019, </div>approximately <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">97%</div> for the year ended <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> October 31, 2018 </div>and approximately <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">98%</div> for the year ended <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> October 31, 2017. </div>HEI is a Delaware corporation, which through its subsidiaries, was building and selling homes at <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> October 31, 2019 </div>in <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">141</div> consolidated new home communities in Arizona, California, Delaware, Florida, Georgia, Illinois, Maryland, New Jersey, Ohio, Pennsylvania, South Carolina, Texas, Virginia, Washington, D.C. and West Virginia. Our homebuilding subsidiaries offer a wide variety of homes that are designed to appeal to <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">first</div>-time buyers, <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">first</div> and <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">second</div>-time move-up buyers, luxury buyers, active lifestyle buyers and empty nesters. Our financial services operations, which are a reportable segment, provide mortgage banking and title services to the homebuilding operations&#x2019; customers. Our financial services subsidiaries do <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">not</div> typically retain or service the mortgages that they originate but rather sell the mortgages and related servicing rights to investors. Corporate primarily includes the operations of our corporate office whose primary purpose is to provide executive services, accounting, information services, human resources, management reporting, training, cash management, internal audit, risk management, and administration of process redesign, quality, and safety.</div> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: left;">&nbsp;&nbsp;</div> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: left; text-indent: 45pt;">See Note <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">10</div> &#x201c;Operating and Reporting Segments&#x201d; for further disclosure of our reportable segments.</div></div>
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ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions
331481
CY2019 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Upper Range Limit
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeUpperRangeLimit
157
CY2019 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Expiration Period
SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod
P10Y
CY2019Q4 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Exercise Price1
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageExercisePrice1
87.15
CY2019 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageRemainingContractualTerm2
P2Y244D
CY2019Q4 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Exercise Price Beginning Balance1
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageExercisePriceBeginningBalance1
53.93
CY2019 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageRemainingContractualTerm2
P6Y40D
CY2019 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
CY2018 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
1210
CY2017 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
1930
CY2019 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
4475000
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
-490463000
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
-453504000
CY2016Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-128510000
CY2017Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-460371000
CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-453504000
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-489776000
CY2019Q4 us-gaap Treasury Stock Value
TreasuryStockValue
115360000
CY2018Q4 us-gaap Treasury Stock Value
TreasuryStockValue
115360000
CY2019 us-gaap Undistributed Earnings Diluted
UndistributedEarningsDiluted
CY2018 us-gaap Undistributed Earnings Diluted
UndistributedEarningsDiluted
159000
CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
5968000
CY2017 us-gaap Undistributed Earnings Diluted
UndistributedEarningsDiluted
CY2019 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
CY2018 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
159000
CY2017 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
CY2019 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
CY2018 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
159000
CY2017 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
CY2018Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
1200000
CY2017Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
1100000
CY2019Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
900000
CY2019Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
400000
CY2018Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
300000
CY2019 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
32000
CY2018 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
41000
CY2017 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
45000
CY2019 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
CY2018 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
300000
CY2019 us-gaap Unrecognized Tax Benefits Period Increase Decrease
UnrecognizedTaxBenefitsPeriodIncreaseDecrease
-200000
CY2019 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
300000
CY2018 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
200000
CY2019Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
900000
CY2018Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
1200000
CY2019 us-gaap Use Of Estimates
UseOfEstimates
<div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: left; text-indent: 45pt;"><div style="display: inline; font-style: italic;">Use of Estimates</div> - The preparation of financial statements in conformity with US GAAP 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 and these differences could have a significant impact on the financial statements.</div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div>
CY2018Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
6077000
CY2018Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
5947000
CY2018Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
5937000
CY2018Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
5921000
CY2019 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
5968000
CY2018 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
6072000
CY2017 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
5908000
CY2019Q4 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
5982000
CY2019Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
5971000
CY2019Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
5962000
CY2019Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
5958000
CY2018Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
5957000
CY2018Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
5947000
CY2018Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
5937000
CY2018Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
5921000
CY2018 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
5941000
CY2017 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
5908000

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