2018 Q1 Form 10-K Financial Statement

#000142833618000009 Filed on March 28, 2018

View on sec.gov

Income Statement

Concept 2018 Q1 2018 2017 Q4
Revenue $60.44M $229.5M $56.79M
YoY Change 29.1% 28.68% 30.98%
Cost Of Revenue $28.79M $94.61M $23.06M
YoY Change 27.47% 31.37% 32.03%
Gross Profit $31.65M $134.9M $33.73M
YoY Change 30.61% 26.85% 30.27%
Gross Profit Margin 52.36% 58.78% 59.39%
Selling, General & Admin $14.20M $48.25M $12.14M
YoY Change 36.54% 25.42% 27.07%
% of Gross Profit 44.87% 35.76% 36.01%
Research & Development $7.500M $27.39M $6.866M
YoY Change 15.38% 22.39% 10.58%
% of Gross Profit 23.7% 20.3% 20.36%
Depreciation & Amortization $4.900M $15.95M $700.0K
YoY Change 32.43% 20.98% 33.84%
% of Gross Profit 15.48% 11.82% 2.08%
Operating Expenses $23.21M $80.50M $20.17M
YoY Change 28.61% 23.57% 19.68%
Operating Profit $8.434M $54.42M $13.56M
YoY Change 36.45% 32.04% 49.99%
Interest Expense $274.0K
YoY Change
% of Operating Profit 0.5%
Other Income/Expense, Net -$1.706M -$2.229M -$395.0K
YoY Change 979.75% 104.12% 54.3%
Pretax Income $6.700M $52.19M $13.17M
YoY Change 11.67% 30.08% 49.86%
Income Tax $823.0K $4.827M $2.685M
% Of Pretax Income 12.28% 9.25% 20.39%
Net Earnings $5.905M $47.36M $10.48M
YoY Change 45.37% 79.56% 74.47%
Net Earnings / Revenue 9.77% 20.63% 18.46%
Basic Earnings Per Share $0.10 $0.79 $0.17
Diluted Earnings Per Share $0.09 $0.77 $0.17
COMMON SHARES
Basic Shares Outstanding 60.95M shares 60.30M shares 60.56M shares
Diluted Shares Outstanding 61.85M shares 61.87M shares

Balance Sheet

Concept 2018 Q1 2018 2017 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $240.3M $240.3M $225.1M
YoY Change 33.2% 33.2% 35.85%
Cash & Equivalents $199.5M $199.5M $184.4M
Short-Term Investments $40.80M $40.80M $40.70M
Other Short-Term Assets $4.676M $3.300M $6.100M
YoY Change 63.1% 13.79% 12.96%
Inventory $215.0K $200.0K $169.0K
Prepaid Expenses $6.106M
Receivables $21.60M $21.60M $21.46M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $265.4M $265.4M $252.8M
YoY Change 32.16% 32.17% 35.88%
LONG-TERM ASSETS
Property, Plant & Equipment $7.836M $7.800M $6.789M
YoY Change 51.57% 50.0% 26.35%
Goodwill $4.651M $4.651M
YoY Change 0.0% 0.0%
Intangibles $83.64M $85.45M
YoY Change 28.63% 30.08%
Long-Term Investments $206.0K
YoY Change -26.69%
Other Assets $18.03M $7.600M $1.760M
YoY Change 868.67% 117.14% -12.13%
Total Long-Term Assets $103.8M $103.8M $103.3M
YoY Change 32.49% 32.57% 31.75%
TOTAL ASSETS
Total Short-Term Assets $265.4M $265.4M $252.8M
Total Long-Term Assets $103.8M $103.8M $103.3M
Total Assets $369.2M $369.2M $356.1M
YoY Change 32.25% 32.28% 34.65%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.420M $2.400M $3.295M
YoY Change -24.87% -25.0% 108.28%
Accrued Expenses $5.521M $18.10M $9.680M
YoY Change 46.84% 44.8% 130.75%
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 $20.49M $20.50M $19.48M
YoY Change 30.48% 30.57% 86.64%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $2.395M $2.400M $2.200M
YoY Change 59.67% 60.0% 69.23%
Total Long-Term Liabilities $2.395M $2.400M $2.226M
YoY Change 60.42% 60.0% 54.16%
TOTAL LIABILITIES
Total Short-Term Liabilities $20.49M $20.50M $19.48M
Total Long-Term Liabilities $2.395M $2.400M $2.226M
Total Liabilities $22.89M $22.90M $21.70M
YoY Change 33.08% 33.14% 82.69%
SHAREHOLDERS EQUITY
Retained Earnings $98.31M $79.35M
YoY Change 227.85% 206.1%
Common Stock $6.000K $6.000K
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $346.3M $346.3M $334.4M
YoY Change
Total Liabilities & Shareholders Equity $369.2M $369.2M $356.1M
YoY Change 32.25% 32.28% 34.65%

Cashflow Statement

Concept 2018 Q1 2018 2017 Q4
OPERATING ACTIVITIES
Net Income $5.905M $47.36M $10.48M
YoY Change 45.37% 79.56% 74.47%
Depreciation, Depletion And Amortization $4.900M $15.95M $700.0K
YoY Change 32.43% 20.98% 33.84%
Cash From Operating Activities $19.80M $81.70M $22.10M
YoY Change 35.62% 79.21% 42.58%
INVESTING ACTIVITIES
Capital Expenditures -$6.800M $5.458M -$9.800M
YoY Change 112.5% 49.74% 127.91%
Acquisitions $2.882M
YoY Change
Other Investing Activities -$200.0K -$3.400M -$3.000M
YoY Change 100.0% 750.0% 2900.0%
Cash From Investing Activities -$6.900M -$36.75M -$12.70M
YoY Change 109.09% 181.51% 188.64%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change
Debt Paid & Issued, Net $0.00
YoY Change
Cash From Financing Activities 2.300M $14.56M 5.200M
YoY Change -30.3% -38.74% 1.96%
NET CHANGE
Cash From Operating Activities 19.80M $81.70M 22.10M
Cash From Investing Activities -6.900M -$36.75M -12.70M
Cash From Financing Activities 2.300M $14.56M 5.200M
Net Change In Cash 15.20M $59.52M 14.60M
YoY Change 4.11% 5.69% -9.88%
FREE CASH FLOW
Cash From Operating Activities $19.80M $81.70M $22.10M
Capital Expenditures -$6.800M $5.458M -$9.800M
Free Cash Flow $26.60M $76.24M $31.90M
YoY Change 49.44% 81.77% 61.11%

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CY2017Q2 us-gaap Net Income Loss
NetIncomeLoss
14029000 USD
CY2017Q3 us-gaap Net Income Loss
NetIncomeLoss
16946000 USD
CY2017Q4 us-gaap Net Income Loss
NetIncomeLoss
10482000 USD
CY2018Q1 us-gaap Net Income Loss
NetIncomeLoss
5905000 USD
CY2018 us-gaap Net Income Loss
NetIncomeLoss
47362000 USD
CY2015Q2 us-gaap Noninterest Expense Offering Cost
NoninterestExpenseOfferingCost
688000 USD
CY2018 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
CY2016 us-gaap Operating Expenses
OperatingExpenses
46455000 USD
CY2016Q2 us-gaap Operating Expenses
OperatingExpenses
14431000 USD
CY2016Q3 us-gaap Operating Expenses
OperatingExpenses
15815000 USD
CY2016Q4 us-gaap Operating Expenses
OperatingExpenses
16849000 USD
CY2017Q1 us-gaap Operating Expenses
OperatingExpenses
18048000 USD
CY2017 us-gaap Operating Expenses
OperatingExpenses
65143000 USD
CY2017Q2 us-gaap Operating Expenses
OperatingExpenses
17814000 USD
CY2017Q3 us-gaap Operating Expenses
OperatingExpenses
19307000 USD
CY2017Q4 us-gaap Operating Expenses
OperatingExpenses
20165000 USD
CY2018Q1 us-gaap Operating Expenses
OperatingExpenses
23212000 USD
CY2018 us-gaap Operating Expenses
OperatingExpenses
80498000 USD
CY2016 us-gaap Operating Income Loss
OperatingIncomeLoss
26143000 USD
CY2017 us-gaap Operating Income Loss
OperatingIncomeLoss
41212000 USD
CY2018 us-gaap Operating Income Loss
OperatingIncomeLoss
54418000 USD
CY2018Q1 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
45362000 USD
CY2018Q1 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
6216000 USD
CY2018Q1 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
4307000 USD
CY2018Q1 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
5658000 USD
CY2018Q1 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
6230000 USD
CY2018Q1 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
5917000 USD
CY2018Q1 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
17034000 USD
CY2017Q1 us-gaap Other Assets Current
OtherAssetsCurrent
2867000 USD
CY2018Q1 us-gaap Other Assets Current
OtherAssetsCurrent
3310000 USD
CY2017Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
1861000 USD
CY2018Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
2180000 USD
CY2016 us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
-98000 USD
CY2017 us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
-67000 USD
CY2018 us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
-59000 USD
CY2016 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-98000 USD
CY2017 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-67000 USD
CY2018 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-59000 USD
CY2016 us-gaap Other Nonoperating Expense
OtherNonoperatingExpense
589000 USD
CY2017 us-gaap Other Nonoperating Expense
OtherNonoperatingExpense
1092000 USD
CY2018 us-gaap Other Nonoperating Expense
OtherNonoperatingExpense
2229000 USD
CY2016 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-589000 USD
CY2016Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-641000 USD
CY2016Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-37000 USD
CY2016Q4 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-256000 USD
CY2017Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-158000 USD
CY2017 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-1092000 USD
CY2017Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-90000 USD
CY2017Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-38000 USD
CY2017Q4 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-395000 USD
CY2018Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-1706000 USD
CY2018 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-2229000 USD
CY2016 us-gaap Payments For Software
PaymentsForSoftware
6896000 USD
CY2017 us-gaap Payments For Software
PaymentsForSoftware
9030000 USD
CY2018 us-gaap Payments For Software
PaymentsForSoftware
10380000 USD
CY2016 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
317000 USD
CY2017 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
0 USD
CY2018 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
0 USD
CY2016 us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
0 USD
CY2017 us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
0 USD
CY2018 us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
2882000 USD
CY2016 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
40489000 USD
CY2017 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
0 USD
CY2018 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
17545000 USD
CY2016 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
40291000 USD
CY2017 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
379000 USD
CY2018 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
483000 USD
CY2016 us-gaap Payments To Acquire Other Investments
PaymentsToAcquireOtherInvestments
500000 USD
CY2017 us-gaap Payments To Acquire Other Investments
PaymentsToAcquireOtherInvestments
0 USD
CY2018 us-gaap Payments To Acquire Other Investments
PaymentsToAcquireOtherInvestments
0 USD
CY2016 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2376000 USD
CY2017 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
3645000 USD
CY2018 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
5458000 USD
CY2017Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2018Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2014Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2017Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
100000000 shares
CY2018Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
100000000 shares
CY2014Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
100000000 shares
CY2017Q1 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2018Q1 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2017Q1 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2018Q1 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2017Q1 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2018Q1 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2015Q2 us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
23500000 USD
CY2016 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
1915000 USD
CY2017 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
7142000 USD
CY2018 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
14564000 USD
CY2017Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
11183000 USD
CY2018Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
15251000 USD
CY2017Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
5170000 USD
CY2018Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
7836000 USD
CY2016 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
24000 USD
CY2017 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
35000 USD
CY2018 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
133000 USD
CY2016 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
16832000 USD
CY2017 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
22375000 USD
CY2018 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
27385000 USD
CY2016 us-gaap Research And Development Expense Software Excluding Acquired In Process Cost
ResearchAndDevelopmentExpenseSoftwareExcludingAcquiredInProcessCost
7600000 USD
CY2017 us-gaap Research And Development Expense Software Excluding Acquired In Process Cost
ResearchAndDevelopmentExpenseSoftwareExcludingAcquiredInProcessCost
10000000 USD
CY2018 us-gaap Research And Development Expense Software Excluding Acquired In Process Cost
ResearchAndDevelopmentExpenseSoftwareExcludingAcquiredInProcessCost
12200000 USD
CY2017Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
29985000 USD
CY2018Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
85300000 USD
CY2016 us-gaap Revenues
Revenues
126786000 USD
CY2016Q2 us-gaap Revenues
Revenues
44013000 USD
CY2016Q3 us-gaap Revenues
Revenues
44185000 USD
CY2016Q4 us-gaap Revenues
Revenues
43358000 USD
CY2017Q1 us-gaap Revenues
Revenues
46814000 USD
CY2017 us-gaap Revenues
Revenues
178370000 USD
CY2017Q2 us-gaap Revenues
Revenues
55421000 USD
CY2017Q3 us-gaap Revenues
Revenues
56879000 USD
CY2017Q4 us-gaap Revenues
Revenues
56789000 USD
CY2018Q1 us-gaap Revenues
Revenues
60436000 USD
CY2018 us-gaap Revenues
Revenues
229525000 USD
CY2016 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
13302000 USD
CY2017 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
18320000 USD
CY2018 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
23139000 USD
CY2016 us-gaap Service Management Costs
ServiceManagementCosts
39418000 USD
CY2017 us-gaap Service Management Costs
ServiceManagementCosts
51868000 USD
CY2018 us-gaap Service Management Costs
ServiceManagementCosts
70426000 USD
CY2016 us-gaap Share Based Compensation
ShareBasedCompensation
5883000 USD
CY2017 us-gaap Share Based Compensation
ShareBasedCompensation
8398000 USD
CY2018 us-gaap Share Based Compensation
ShareBasedCompensation
14310000 USD
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
CY2018Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
2600000 shares
CY2018Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
1800000 shares
CY2017Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
1500000 shares
CY2018Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
1100000 shares
CY2018Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
16.57
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
51773000 USD
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
50094000 USD
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
44823000 USD
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
33.39
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
165000 shares
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
1093000 shares
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
1399000 shares
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
420000 shares
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
27.34
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
28.85
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
42.72
CY2018 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P6Y5M25D
CY2017Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
131529000 USD
CY2018Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
102796000 USD
CY2017Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
4716000 shares
CY2018Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
3699000 shares
CY2017Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
18.36
CY2018Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
22.83
CY2018Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue
102796000 USD
CY2018Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber
1125000 shares
CY2018Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
3699000 shares
CY2018Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
22.83
CY2016 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0.98
CY2018 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
11.45
CY2018 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
42.72
CY2018 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Expiration Period
SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod
P10Y
CY2018Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
38319000 USD
CY2017 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P7Y7M5D
CY2018 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P7Y3M5D
CY2018 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1
P7Y3M5D
CY2015Q2 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
25.90
CY2017Q1 us-gaap Significant Change In Unrecognized Tax Benefits Is Reasonably Possible Amount Of Unrecorded Benefit
SignificantChangeInUnrecognizedTaxBenefitsIsReasonablyPossibleAmountOfUnrecordedBenefit
572000 USD
CY2018Q1 us-gaap Significant Change In Unrecognized Tax Benefits Is Reasonably Possible Amount Of Unrecorded Benefit
SignificantChangeInUnrecognizedTaxBenefitsIsReasonablyPossibleAmountOfUnrecordedBenefit
811000 USD
CY2016 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
1951000 shares
CY2018 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
1272000 shares
CY2016 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
23492000 USD
CY2017 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
7142000 USD
CY2018 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
14564000 USD
CY2016 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
1915000 USD
CY2015Q1 us-gaap Stockholders Equity
StockholdersEquity
144095000 USD
CY2016Q1 us-gaap Stockholders Equity
StockholdersEquity
203457000 USD
CY2017Q1 us-gaap Stockholders Equity
StockholdersEquity
261940000 USD
CY2018Q1 us-gaap Stockholders Equity
StockholdersEquity
346274000 USD
CY2016Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
393000 USD
CY2017Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
674000 USD
CY2018Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
889000 USD
CY2017 us-gaap Unrecognized Tax Benefits Decreases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromCurrentPeriodTaxPositions
0 USD
CY2018 us-gaap Unrecognized Tax Benefits Decreases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromCurrentPeriodTaxPositions
0 USD
CY2017 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
0 USD
CY2018 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
0 USD
CY2017Q1 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
0 USD
CY2018Q1 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
0 USD
CY2016 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
-8000 USD
CY2017 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
0 USD
CY2018 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
0 USD
CY2017 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
281000 USD
CY2018 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
215000 USD
CY2017 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
0 USD
CY2018 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
0 USD
CY2018 us-gaap Unrecognized Tax Benefits Period Increase Decrease
UnrecognizedTaxBenefitsPeriodIncreaseDecrease
215000 USD
CY2017 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
0 USD
CY2018 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
0 USD
CY2016 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
58863000 shares
CY2017 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
59894000 shares
CY2018 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
61854000 shares
CY2016 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
56719000 shares
CY2017 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
58615000 shares
CY2018 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
60304000 shares
CY2018 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:8px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;text-decoration:underline;">Concentration of credit risk</font><font style="font-family:Arial;font-size:10pt;">&#8212;Financial instruments, which potentially subject the Company to concentrations of credit risk, consist primarily of cash. The Company maintains its cash and cash equivalents in bank and other depository accounts, which, at times, may exceed federally insured limits. The Company&#8217;s cash and cash equivalents held in banks as of </font><font style="font-family:Arial;font-size:10pt;">January&#160;31, 2018</font><font style="font-family:Arial;font-size:10pt;"> was </font><font style="font-family:Arial;font-size:10pt;">$199.5 million</font><font style="font-family:Arial;font-size:10pt;">, of which </font><font style="font-family:Arial;font-size:10pt;">$750,000</font><font style="font-family:Arial;font-size:10pt;"> was covered by federal depository insurance. The Company has not experienced any losses in such accounts and believes it is not exposed to any significant credit risk on cash. The Company&#8217;s accounts receivable balance as of </font><font style="font-family:Arial;font-size:10pt;">January&#160;31, 2018</font><font style="font-family:Arial;font-size:10pt;"> was </font><font style="font-family:Arial;font-size:10pt;">$21.6 million</font><font style="font-family:Arial;font-size:10pt;">. The Company has not experienced any significant write-offs to accounts receivable and believes that it is not exposed to significant credit risk with respect to accounts receivable.</font></div></div>
CY2018 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:8px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;text-decoration:underline;">Use of estimates</font><font style="font-family:Arial;font-size:10pt;">&#8212;The preparation of financial statements in conformity with generally accepted accounting principles 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. Management has made estimates for the allowance for doubtful accounts, capitalized software development costs, evaluating goodwill and long-lived assets for impairment, useful lives of property and equipment and intangible assets, accrued compensation, accrued liabilities, grant date fair value of stock options and income taxes. Actual results could differ from those estimates.</font></div></div>

Files In Submission

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0001428336-18-000009-index-headers.html Edgar Link pending
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a1025-amendedandrestatedno.htm Edgar Link pending
exhibit2312018-1x31.htm Edgar Link pending
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