2016 Q4 Form 10-K Financial Statement

#000156459017001694 Filed on February 16, 2017

View on sec.gov

Income Statement

Concept 2016 Q4 2016 2015 Q4
Revenue $76.44M $271.0M $53.13M
YoY Change 43.89% 48.93% 55.53%
Cost Of Revenue $16.89M $61.87M $13.71M
YoY Change 23.2% 29.09% 38.05%
Gross Profit $59.56M $209.1M $39.42M
YoY Change 51.09% 56.02% 62.7%
Gross Profit Margin 77.91% 77.17% 74.2%
Selling, General & Admin $60.60M $207.8M $41.20M
YoY Change 47.09% 40.35% 24.85%
% of Gross Profit 101.75% 99.36% 104.52%
Research & Development $12.80M $46.00M $8.700M
YoY Change 47.13% 41.72% -21.62%
% of Gross Profit 21.49% 22.0% 22.07%
Depreciation & Amortization $3.200M $11.18M $1.800M
YoY Change 77.78% 52.21% 100.0%
% of Gross Profit 5.37% 5.35% 4.57%
Operating Expenses $73.40M $253.8M $49.90M
YoY Change 47.09% 40.59% 12.9%
Operating Profit -$13.84M -$44.66M -$10.48M
YoY Change 32.08% -3.9% -47.52%
Interest Expense $300.0K $265.0K $100.0K
YoY Change 200.0% 43.24%
% of Operating Profit
Other Income/Expense, Net $0.00 -$367.0K $200.0K
YoY Change -100.0% -144.06% 0.0%
Pretax Income -$13.60M -$45.03M -$10.10M
YoY Change 34.65% -1.34% -48.99%
Income Tax $200.0K $533.0K $100.0K
% Of Pretax Income
Net Earnings -$13.83M -$45.56M -$10.25M
YoY Change 34.89% -1.07% -47.95%
Net Earnings / Revenue -18.09% -16.81% -19.3%
Basic Earnings Per Share
Diluted Earnings Per Share -$386.6K -$1.295M -$301.2K
COMMON SHARES
Basic Shares Outstanding 35.61M 35.20M
Diluted Shares Outstanding 35.20M

Balance Sheet

Concept 2016 Q4 2016 2015 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $114.8M $114.4M $104.6M
YoY Change 9.83% 9.37% -15.48%
Cash & Equivalents $60.19M $59.70M $55.58M
Short-Term Investments $54.65M $54.60M $48.97M
Other Short-Term Assets $22.90M $22.90M $16.00M
YoY Change 43.13% 43.13% 39.13%
Inventory
Prepaid Expenses
Receivables $38.98M $39.00M $25.14M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $176.3M $176.3M $145.8M
YoY Change 20.92% 20.92% -2.51%
LONG-TERM ASSETS
Property, Plant & Equipment $30.20M $30.20M $18.16M
YoY Change 66.3% 65.93% 59.57%
Goodwill $9.773M
YoY Change 4.75%
Intangibles
YoY Change
Long-Term Investments $35.70M $35.70M $40.60M
YoY Change -12.07% -12.07%
Other Assets $1.300M $1.300M $1.007M
YoY Change 29.1% -7.14% 768.1%
Total Long-Term Assets $83.55M $83.50M $74.63M
YoY Change 11.96% 11.93% 194.39%
TOTAL ASSETS
Total Short-Term Assets $176.3M $176.3M $145.8M
Total Long-Term Assets $83.55M $83.50M $74.63M
Total Assets $259.8M $259.8M $220.4M
YoY Change 17.89% 17.88% 26.03%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.400M $4.400M $2.588M
YoY Change 70.02% 69.23% -7.57%
Accrued Expenses $26.70M $26.70M $23.70M
YoY Change 12.66% 12.66% 51.92%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $800.0K $800.0K $500.0K
YoY Change 60.0% 60.0% 400.0%
Total Short-Term Liabilities $127.4M $127.4M $91.31M
YoY Change 39.51% 39.54% 53.64%
LONG-TERM LIABILITIES
Long-Term Debt $300.0K $300.0K $300.0K
YoY Change 0.0% 0.0% 200.0%
Other Long-Term Liabilities $2.422M $13.40M $10.00K
YoY Change 24120.0% 88.73% -99.79%
Total Long-Term Liabilities $2.422M $13.70M $10.00K
YoY Change 24120.0% 85.14% -99.79%
TOTAL LIABILITIES
Total Short-Term Liabilities $127.4M $127.4M $91.31M
Total Long-Term Liabilities $2.422M $13.70M $10.00K
Total Liabilities $141.1M $141.1M $98.67M
YoY Change 42.95% 42.96% 53.79%
SHAREHOLDERS EQUITY
Retained Earnings -$245.9M -$200.4M
YoY Change 22.74% 29.85%
Common Stock $365.5M $322.9M
YoY Change 13.2% 21.77%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $118.7M $118.7M $121.7M
YoY Change
Total Liabilities & Shareholders Equity $259.8M $259.8M $220.4M
YoY Change 17.87% 17.88% 26.03%

Cashflow Statement

Concept 2016 Q4 2016 2015 Q4
OPERATING ACTIVITIES
Net Income -$13.83M -$45.56M -$10.25M
YoY Change 34.89% -1.07% -47.95%
Depreciation, Depletion And Amortization $3.200M $11.18M $1.800M
YoY Change 77.78% 52.21% 100.0%
Cash From Operating Activities $2.300M $19.37M $2.700M
YoY Change -14.81% -4941.5% -250.0%
INVESTING ACTIVITIES
Capital Expenditures -$4.000M $15.79M -$7.400M
YoY Change -45.95% 87.36% 252.38%
Acquisitions
YoY Change
Other Investing Activities -$400.0K -$1.300M -$500.0K
YoY Change -20.0% -98.58%
Cash From Investing Activities -$4.300M -$22.83M -$7.900M
YoY Change -45.57% -78.07% 276.19%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.700M 8.473M 2.300M
YoY Change -26.09% -77.04% -98.01%
NET CHANGE
Cash From Operating Activities 2.300M 19.37M 2.700M
Cash From Investing Activities -4.300M -22.83M -7.900M
Cash From Financing Activities 1.700M 8.473M 2.300M
Net Change In Cash -300.0K 4.250M -2.900M
YoY Change -89.66% -106.29% -102.6%
FREE CASH FLOW
Cash From Operating Activities $2.300M $19.37M $2.700M
Capital Expenditures -$4.000M $15.79M -$7.400M
Free Cash Flow $6.300M $3.577M $10.10M
YoY Change -37.62% -140.52% 3266.67%

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PaymentsToAcquireBusinessesGross
600000
CY2014 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
80000
CY2016 us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
128000
CY2015 us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
166000
CY2014 us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
-1500000
CY2016 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-22957000
CY2015 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-104104000
CY2014 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-10480000
CY2015 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
33669000
CY2014 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
130764000
CY2016 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
2368000
CY2015 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
8607000
CY2016 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
11584000
CY2015 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
12083000
CY2014 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
3794000
CY2014 us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
18000000
CY2014 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
18000000
CY2016 us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
743000
CY2015 us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
206000
CY2014 us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
121000
CY2016 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
8473000
CY2015 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
36939000
CY2014 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
134437000
CY2016 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-760000
CY2015 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-553000
CY2014 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-415000
CY2016 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
4122000
CY2015 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-68141000
CY2014 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
111078000
CY2014Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
123721000
CY2013Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
12643000
CY2016 us-gaap Interest Paid
InterestPaid
174000
CY2015 us-gaap Interest Paid
InterestPaid
185000
CY2014 us-gaap Interest Paid
InterestPaid
199000
CY2015 us-gaap Income Taxes Paid
IncomeTaxesPaid
215000
CY2016 us-gaap Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
995000
CY2015 us-gaap Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
847000
CY2016 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
1383000
CY2015 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
435000
CY2014 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
111000
CY2016 us-gaap Settlement Of Asset Retirement Obligations Through Noncash Payments Amount
SettlementOfAssetRetirementObligationsThroughNoncashPaymentsAmount
614000
CY2014 hubs Initial Public Offering Costs Incurred But Not Yet Paid
InitialPublicOfferingCostsIncurredButNotYetPaid
202000
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101624000
CY2015 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
583000
CY2014 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
2924000
CY2016 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0
CY2015 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0
CY2016 us-gaap Advertising Expense
AdvertisingExpense
4200000
CY2015 us-gaap Advertising Expense
AdvertisingExpense
4900000
CY2016 us-gaap Use Of Estimates
UseOfEstimates
<div> <p style="margin-top:12pt;margin-bottom:0pt;font-weight:bold;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;text-indent:4.54%;">Use of Estimates<font style="font-weight:normal;"> &#8212;The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.</font></p></div>
CY2016 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div> <p style="margin-top:12pt;margin-bottom:0pt;font-weight:bold;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;text-indent:4.54%;">Concentrations of Credit Risk and Significant Customers<font style="font-weight:normal;"> &#8212;Financial instruments that potentially expose the Company to concentrations of credit risk consist primarily of cash, investments and accounts receivable.</font></p> <p style="margin-top:12pt;margin-bottom:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">A significant portion of the Company&#8217;s cash and cash equivalents is held at two financial institutions that management believes to be of high credit quality. Although the Company deposits it cash and cash equivalents with multiple financial institutions, its deposits exceed federally insured limits. </p> <p style="margin-top:12pt;margin-bottom:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The Company&#8217;s investments consist of highly rated corporate debt securities and U.S. government agency obligations<font style="color:#000000;font-family:inherit;">. The Company limits the amount of investments in any single issuer. The Company believes that, as of&#160;December&#160;31, 2016, its concentration of credit risk related to investments was not significant.</font></p> <p style="margin-top:12pt;margin-bottom:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The Company has no significant off-balance sheet risk such as foreign exchange contracts, option contracts, or other hedging arrangements.</p> <p style="margin-top:12pt;margin-bottom:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The Company generally does not require collateral from its customers and generally requires payment 30 days from the invoice date. The Company maintains an allowance for doubtful accounts based on its assessment of the collectability of accounts receivable. Credit risk arising from accounts receivable is mitigated as a result of transacting with a large number of geographically dispersed customers spread across various industries.</p> <p style="margin-top:12pt;margin-bottom:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">At December&#160;31, 2016 and 2015 there were no customers that represented more than 10% of the net accounts receivable balance. There were no customers that individually exceeded 10% of the Company&#8217;s revenue in any of the periods presented.</p></div>
CY2015Q1 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
971891
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SharesIssuedPricePerShare
37.00
CY2015Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
34300000
CY2015Q1 hubs Common Stock Issuance Expenses
CommonStockIssuanceExpenses
583000
CY2016 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1
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WeightedAverageNumberOfSharesOutstandingBasic
35197000
CY2015 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
33222000
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133700000
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ConversionOfStockSharesIssued1
19529713
CY2014 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
11562000
CY2016 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
35197000
CY2015 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
33222000
CY2014 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
11562000
CY2016 hubs Cash And Cash Equivalents Maturity Description
CashAndCashEquivalentsMaturityDescription
Three months or less at the date of purchase, consisting of money-market funds.
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218000
CY2013Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
175000
CY2016 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
2517000
CY2015 us-gaap Capitalized Computer Software Additions
CapitalizedComputerSoftwareAdditions
4500000
CY2014 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
632000
CY2016Q4 us-gaap Capitalized Computer Software Gross
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25152000
CY2015Q4 us-gaap Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
18737000
CY2016 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
2271000
CY2015 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
1214000
CY2014 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
589000
CY2016Q4 us-gaap Capitalized Computer Software Accumulated Amortization
CapitalizedComputerSoftwareAccumulatedAmortization
18629000
CY2015Q4 us-gaap Capitalized Computer Software Accumulated Amortization
CapitalizedComputerSoftwareAccumulatedAmortization
14082000
CY2015 us-gaap Provision For Doubtful Accounts
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1367000
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RestrictedCashAndCashEquivalents
483000
CY2015Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
363000
CY2016 us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
561000
CY2016 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
30000
CY2016 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0
CY2016Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
0
CY2016 us-gaap Number Of Reporting Units
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1
CY2016Q4 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0
CY2014 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0
CY2014 us-gaap Advertising Expense
AdvertisingExpense
3300000
CY2016 hubs Revenue Subscription Contract Period
RevenueSubscriptionContractPeriod
One year or less
CY2016Q4 us-gaap Accrued Liabilities For Commissions Expense And Taxes
AccruedLiabilitiesForCommissionsExpenseAndTaxes
4800000
CY2015Q4 us-gaap Accrued Liabilities For Commissions Expense And Taxes
AccruedLiabilitiesForCommissionsExpenseAndTaxes
4900000
CY2016Q4 us-gaap Fair Value Disclosure Offbalance Sheet Risks Amount Asset
FairValueDisclosureOffbalanceSheetRisksAmountAsset
0
CY2016 hubs Accounts Receivable Payment Period
AccountsReceivablePaymentPeriod
P30D
CY2016 us-gaap Capitalized Computer Software Additions
CapitalizedComputerSoftwareAdditions
6400000
CY2014 us-gaap Capitalized Computer Software Additions
CapitalizedComputerSoftwareAdditions
4900000
CY2016 us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
5100000
CY2015 us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
4600000
CY2014 us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
3900000
CY2016 hubs Minimum Tax Benefit Likely Of Being Realized Upon Ultimate Settlement With Tax Authority Percentage
MinimumTaxBenefitLikelyOfBeingRealizedUponUltimateSettlementWithTaxAuthorityPercentage
0.50
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AssetsFairValueDisclosure
121552000
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AvailableForSaleDebtSecuritiesAmortizedCostBasis
90570000
CY2016Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
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204000
CY2016Q4 us-gaap Available For Sale Securities Debt Securities
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90366000
CY2015Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
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89926000
CY2015Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
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388000
CY2015Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
89538000
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AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost
54694000
CY2015Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost
49068000
CY2016Q4 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost
35876000
CY2015Q4 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost
40858000
CY2016Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
54648000
CY2015Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
48972000
CY2016Q4 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
35718000
CY2015Q4 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
40566000
CY2016Q4 us-gaap Property Plant And Equipment Gross
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42999000
CY2015Q4 us-gaap Property Plant And Equipment Gross
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25155000
CY2016Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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12798000
CY2015Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
6994000
CY2016 us-gaap Depreciation And Amortization
DepreciationAndAmortization
5900000
CY2015 us-gaap Depreciation And Amortization
DepreciationAndAmortization
2700000
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9.74
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SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P6Y10M24D
CY2014 us-gaap Depreciation And Amortization
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1700000
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CapitalLeasesLesseeBalanceSheetAssetsByMajorClassAccumulatedDeprecation
1200000
CY2015Q4 us-gaap Capital Leases Lessee Balance Sheet Assets By Major Class Accumulated Deprecation
CapitalLeasesLesseeBalanceSheetAssetsByMajorClassAccumulatedDeprecation
508000
CY2014Q4 us-gaap Capital Leases Lessee Balance Sheet Assets By Major Class Accumulated Deprecation
CapitalLeasesLesseeBalanceSheetAssetsByMajorClassAccumulatedDeprecation
339000
CY2015Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Assets Other
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsOther
50000
CY2015 us-gaap Goodwill Acquired During Period
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443000
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FiniteLivedIntangibleAssetsAccumulatedAmortization
916000
CY2015Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
832000
CY2016 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
84000
CY2015 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
96000
CY2014 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
138000
CY2016Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
16000
CY2016 hubs Increase In Future Lease Commitments
IncreaseInFutureLeaseCommitments
12700000
CY2016 us-gaap Tenant Reimbursements
TenantReimbursements
3700000
CY2016 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
13800000
CY2015 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
7400000
CY2014 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
4900000
CY2016Q4 hubs Deferred Rent Net Of Current Portion
DeferredRentNetOfCurrentPortion
10200000
CY2015Q4 hubs Deferred Rent Net Of Current Portion
DeferredRentNetOfCurrentPortion
6400000
CY2016Q4 us-gaap Capital Leases Future Minimum Payments Due Current
CapitalLeasesFutureMinimumPaymentsDueCurrent
827000
CY2016Q4 us-gaap Capital Leases Future Minimum Payments Due In Two Years
CapitalLeasesFutureMinimumPaymentsDueInTwoYears
284000
CY2016Q4 us-gaap Capital Leases Future Minimum Payments Due
CapitalLeasesFutureMinimumPaymentsDue
1111000
CY2016Q4 us-gaap Capital Leases Future Minimum Payments Interest Included In Payments
CapitalLeasesFutureMinimumPaymentsInterestIncludedInPayments
40000
CY2016Q4 us-gaap Capital Lease Obligations
CapitalLeaseObligations
1071000
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12707000
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
15621000
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
15484000
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
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15802000
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
17498000
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
96031000
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
173143000
CY2015 us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
OciBeforeReclassificationsNetOfTaxAttributableToParent
-660000
CY2016 us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
OciBeforeReclassificationsNetOfTaxAttributableToParent
-59000
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19529713
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0
CY2015Q4 us-gaap Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
0
CY2014Q4 hubs Convertible Preferred Stock Conversion Ratio
ConvertiblePreferredStockConversionRatio
0.33
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4973000
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5034000
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AllocatedShareBasedCompensationExpense
32675000
CY2015 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
21308000
CY2014 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
16358000
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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3331000
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177000
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718000
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81000
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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2709000
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
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2662000
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
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2083000
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12.18
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ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
40.99
CY2016 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
11.68
CY2016 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
19.51
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
13.99
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
13.74
CY2015 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
401000
CY2014 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
12000
CY2016 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
579000
CY2016 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P6Y1M6D
CY2016 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P6Y1M6D
CY2016 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P5Y7M6D
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
146994000
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
89411000
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
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CY2016 us-gaap Valuation Allowance Deferred Tax Asset Explanation Of Change
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