2019 Q1 Form 10-K Financial Statement

#000142833619000006 Filed on March 28, 2019

View on sec.gov

Income Statement

Concept 2019 Q1 2018 Q1 2017 Q4
Revenue $75.78M $60.44M $56.79M
YoY Change 25.38% 29.1% 30.98%
Cost Of Revenue $31.33M $28.79M $23.06M
YoY Change 8.83% 27.47% 32.03%
Gross Profit $44.45M $31.65M $33.73M
YoY Change 40.44% 30.61% 30.27%
Gross Profit Margin 58.65% 52.36% 59.39%
Selling, General & Admin $16.40M $14.20M $12.14M
YoY Change 15.49% 36.54% 27.07%
% of Gross Profit 36.9% 44.87% 36.01%
Research & Development $10.00M $7.500M $6.866M
YoY Change 33.33% 15.38% 10.58%
% of Gross Profit 22.5% 23.7% 20.36%
Depreciation & Amortization $4.700M $4.900M $700.0K
YoY Change -4.08% 32.43% 33.84%
% of Gross Profit 10.57% 15.48% 2.08%
Operating Expenses $27.86M $23.21M $20.17M
YoY Change 20.04% 28.61% 19.68%
Operating Profit $16.58M $8.434M $13.56M
YoY Change 96.6% 36.45% 49.99%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net -$221.0K -$1.706M -$395.0K
YoY Change -87.05% 979.75% 54.3%
Pretax Income $16.40M $6.700M $13.17M
YoY Change 144.78% 11.67% 49.86%
Income Tax $3.241M $823.0K $2.685M
% Of Pretax Income 19.76% 12.28% 20.39%
Net Earnings $13.12M $5.905M $10.48M
YoY Change 122.17% 45.37% 74.47%
Net Earnings / Revenue 17.31% 9.77% 18.46%
Basic Earnings Per Share $0.21 $0.10 $0.17
Diluted Earnings Per Share $0.21 $0.09 $0.17
COMMON SHARES
Basic Shares Outstanding 62.47M shares 60.95M shares 60.56M shares
Diluted Shares Outstanding 61.87M shares

Balance Sheet

Concept 2019 Q1 2018 Q1 2017 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $361.5M $240.3M $225.1M
YoY Change 50.44% 33.2% 35.85%
Cash & Equivalents $361.5M $199.5M $184.4M
Short-Term Investments $0.00 $40.80M $40.70M
Other Short-Term Assets $7.534M $4.676M $6.100M
YoY Change 61.12% 63.1% 12.96%
Inventory $215.0K $169.0K
Prepaid Expenses $6.106M
Receivables $25.67M $21.60M $21.46M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $394.7M $265.4M $252.8M
YoY Change 48.71% 32.16% 35.88%
LONG-TERM ASSETS
Property, Plant & Equipment $8.223M $7.836M $6.789M
YoY Change 4.94% 51.57% 26.35%
Goodwill $4.651M $4.651M $4.651M
YoY Change 0.0% 0.0% 0.0%
Intangibles $79.67M $83.64M $85.45M
YoY Change -4.75% 28.63% 30.08%
Long-Term Investments $209.0K $206.0K
YoY Change -26.69%
Other Assets $21.12M $18.03M $1.760M
YoY Change 17.17% 868.67% -12.13%
Total Long-Term Assets $115.3M $103.8M $103.3M
YoY Change 11.16% 32.49% 31.75%
TOTAL ASSETS
Total Short-Term Assets $394.7M $265.4M $252.8M
Total Long-Term Assets $115.3M $103.8M $103.3M
Total Assets $510.0M $369.2M $356.1M
YoY Change 38.16% 32.25% 34.65%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.520M $2.420M $3.295M
YoY Change 45.45% -24.87% 108.28%
Accrued Expenses $8.552M $5.521M $9.680M
YoY Change 54.9% 46.84% 130.75%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00
YoY Change
Total Short-Term Liabilities $29.05M $20.49M $19.48M
YoY Change 41.79% 30.48% 86.64%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $2.968M $2.395M $2.200M
YoY Change 23.92% 59.67% 69.23%
Total Long-Term Liabilities $3.884M $2.395M $2.226M
YoY Change 62.17% 60.42% 54.16%
TOTAL LIABILITIES
Total Short-Term Liabilities $29.05M $20.49M $19.48M
Total Long-Term Liabilities $3.884M $2.395M $2.226M
Total Liabilities $32.94M $22.89M $21.70M
YoY Change 43.92% 33.08% 82.69%
SHAREHOLDERS EQUITY
Retained Earnings $171.9M $98.31M $79.35M
YoY Change 74.81% 227.85% 206.1%
Common Stock $6.000K $6.000K $6.000K
YoY Change 0.0% 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $477.1M $346.3M $334.4M
YoY Change
Total Liabilities & Shareholders Equity $510.0M $369.2M $356.1M
YoY Change 38.16% 32.25% 34.65%

Cashflow Statement

Concept 2019 Q1 2018 Q1 2017 Q4
OPERATING ACTIVITIES
Net Income $13.12M $5.905M $10.48M
YoY Change 122.17% 45.37% 74.47%
Depreciation, Depletion And Amortization $4.700M $4.900M $700.0K
YoY Change -4.08% 32.43% 33.84%
Cash From Operating Activities $32.60M $19.80M $22.10M
YoY Change 64.65% 35.62% 42.58%
INVESTING ACTIVITIES
Capital Expenditures -$3.000M -$6.800M -$9.800M
YoY Change -55.88% 112.5% 127.91%
Acquisitions
YoY Change
Other Investing Activities $41.30M -$200.0K -$3.000M
YoY Change -20750.0% 100.0% 2900.0%
Cash From Investing Activities $38.30M -$6.900M -$12.70M
YoY Change -655.07% 109.09% 188.64%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.600M 2.300M 5.200M
YoY Change -30.43% -30.3% 1.96%
NET CHANGE
Cash From Operating Activities 32.60M 19.80M 22.10M
Cash From Investing Activities 38.30M -6.900M -12.70M
Cash From Financing Activities 1.600M 2.300M 5.200M
Net Change In Cash 72.50M 15.20M 14.60M
YoY Change 376.97% 4.11% -9.88%
FREE CASH FLOW
Cash From Operating Activities $32.60M $19.80M $22.10M
Capital Expenditures -$3.000M -$6.800M -$9.800M
Free Cash Flow $35.60M $26.60M $31.90M
YoY Change 33.83% 49.44% 61.11%

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P1Y7M0D
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CY2018 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
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CY2019 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
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1241000 USD
CY2019 us-gaap Income Tax Reconciliation State And Local Income Taxes
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1518000 USD
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246000 USD
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191000 USD
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450000 USD
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729000 USD
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2252000 USD
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587000 USD
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567000 USD
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3031000 USD
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3827000 USD
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4432000 USD
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1220000 USD
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939000 USD
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573000 USD
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1343000 USD
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760000 USD
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5893000 USD
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1550000 shares
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900000 USD
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400000 USD
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25652000 USD
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45591000 USD
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81702000 USD
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10482000 USD
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5905000 USD
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47362000 USD
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13119000 USD
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73899000 USD
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54418000 USD
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77670000 USD
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77844000 USD
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7258000 USD
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5883000 USD
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CY2019 us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
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3645000 USD
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5458000 USD
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3869000 USD
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0.0001
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CY2019Q1 us-gaap Preferred Stock Shares Authorized
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0 shares
CY2019Q1 us-gaap Preferred Stock Shares Issued
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CY2019Q1 us-gaap Preferred Stock Shares Outstanding
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CY2018Q1 us-gaap Preferred Stock Value
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0 USD
CY2019Q1 us-gaap Preferred Stock Value
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22929000 USD
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15251000 USD
CY2019Q1 us-gaap Property Plant And Equipment Gross
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17301000 USD
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7836000 USD
CY2019Q1 us-gaap Property Plant And Equipment Net
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CY2017 us-gaap Provision For Doubtful Accounts
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35000 USD
CY2018 us-gaap Provision For Doubtful Accounts
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133000 USD
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240000 USD
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35057000 USD
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10000000 USD
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13700000 USD
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RetainedEarningsAccumulatedDeficit
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RevenueFromContractWithCustomerExcludingAssessedTax
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RevenueFromContractWithCustomerExcludingAssessedTax
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RevenueFromContractWithCustomerExcludingAssessedTax
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RevenueFromContractWithCustomerExcludingAssessedTax
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CY2018Q1 us-gaap Revenue Remaining Performance Obligation
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400000 USD
CY2019Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
300000 USD
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SellingAndMarketingExpense
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SellingAndMarketingExpense
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CY2019 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
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CY2017 us-gaap Share Based Compensation
ShareBasedCompensation
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ShareBasedCompensation
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CY2019 us-gaap Share Based Compensation
ShareBasedCompensation
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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
CY2017 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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CY2017Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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RevenueFromContractWithCustomerExcludingAssessedTax
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CY2017Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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CY2018Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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CY2018 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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CY2018Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
CY2019Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
2600000 shares
CY2019Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
4100000 shares
CY2018Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
1100000 shares
CY2019Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
800000 shares
CY2019Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
23.19
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
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
65463000 USD
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
30.50
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
119000 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
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
140000 shares
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
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
64.06
CY2018Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
102796000 USD
CY2019Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
85971000 USD
CY2018Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
3699000 shares
CY2019Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
2444000 shares
CY2018Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
22.83
CY2019Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
27.37
CY2019Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue
85971000 USD
CY2019Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber
843000 shares
CY2019Q1 us-gaap Stockholders Equity
StockholdersEquity
477079000 USD
CY2017Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
674000 USD
CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
61836000 shares
CY2019Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
2444000 shares
CY2019Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
27.37
CY2019 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
17.97
CY2019 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
64.06
CY2019 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Expiration Period
SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod
P10Y
CY2019Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
33023000 USD
CY2019 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P6Y3M11D
CY2018 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P7Y3M5D
CY2019 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P6Y8M28D
CY2019 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1
P6Y8M28D
CY2018Q1 us-gaap Significant Change In Unrecognized Tax Benefits Is Reasonably Possible Amount Of Unrecorded Benefit
SignificantChangeInUnrecognizedTaxBenefitsIsReasonablyPossibleAmountOfUnrecordedBenefit
800000 USD
CY2019Q1 us-gaap Significant Change In Unrecognized Tax Benefits Is Reasonably Possible Amount Of Unrecorded Benefit
SignificantChangeInUnrecognizedTaxBenefitsIsReasonablyPossibleAmountOfUnrecordedBenefit
1500000 USD
CY2019 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
1276000 shares
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
CY2019 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
22929000 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
CY2018Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
889000 USD
CY2018Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
900000 USD
CY2019Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
1693000 USD
CY2019Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
1700000 USD
CY2018 us-gaap Unrecognized Tax Benefits Decreases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromCurrentPeriodTaxPositions
0 USD
CY2019 us-gaap Unrecognized Tax Benefits Decreases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromCurrentPeriodTaxPositions
0 USD
CY2018 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
0 USD
CY2019 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
1000 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
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
CY2019 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
0 USD
CY2018 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
215000 USD
CY2019 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
805000 USD
CY2018 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
0 USD
CY2019 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
0 USD
CY2019 us-gaap Unrecognized Tax Benefits Period Increase Decrease
UnrecognizedTaxBenefitsPeriodIncreaseDecrease
800000 USD
CY2018 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
0 USD
CY2019 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
0 USD
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
CY2019 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
63370000 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
CY2019 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;font-weight:bold;">Concentration of credit risk</font></div><div style="line-height:120%;padding-top:8px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">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, frequently exceeds federally insured limits.</font></div></div>
CY2019 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;font-weight:bold;">Use of estimates</font></div><div style="line-height:120%;padding-top:8px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">The preparation of financial statements in conformity with 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. 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

Name View Source Status
0001428336-19-000006-index-headers.html Edgar Link pending
0001428336-19-000006-index.html Edgar Link pending
0001428336-19-000006.txt Edgar Link pending
0001428336-19-000006-xbrl.zip Edgar Link pending
exhibit1028billottenofferlet.htm Edgar Link pending
exhibit1029ashleydreieroff.htm Edgar Link pending
exhibit1030restrictedstock.htm Edgar Link pending
exhibit1031thirdamendmentt.htm Edgar Link pending
exhibit1032amendedandresta.htm Edgar Link pending
exhibit2312019-1x31.htm Edgar Link pending
exhibit3112019-1x31ceo.htm Edgar Link pending
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