2017 Form 10-K Financial Statement

#000114420418016374 Filed on March 22, 2018

View on sec.gov

Income Statement

Concept 2017 2016 Q4 2016
Revenue $60.93M $15.67M $63.07M
YoY Change -3.4% 0.97% 7.78%
Cost Of Revenue $45.83M $11.65M $47.22M
YoY Change -2.94% 2.46% 7.46%
Gross Profit $15.10M $4.027M $15.86M
YoY Change -4.79% -3.01% 8.78%
Gross Profit Margin 24.78% 25.69% 25.15%
Selling, General & Admin $20.20M $5.070M $19.54M
YoY Change 3.38% 14.19% 16.33%
% of Gross Profit 133.77% 125.9% 123.2%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $3.674M $1.000M $3.195M
YoY Change 14.99% 51.52% 15.22%
% of Gross Profit 24.33% 24.83% 20.15%
Operating Expenses $20.20M $5.020M $19.54M
YoY Change 3.38% 13.06% 16.33%
Operating Profit -$5.097M -$993.0K -$4.722M
YoY Change 7.94% 244.79% 113.47%
Interest Expense $23.00K -$60.00K -$63.00K
YoY Change -136.51% 500.0% -303.23%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$5.074M -$1.060M -$4.785M
YoY Change 6.04% 253.33% 119.39%
Income Tax $285.0K $0.00 $1.126M
% Of Pretax Income
Net Earnings -$5.055M -$983.0K -$5.524M
YoY Change -8.49% 65.77% 95.47%
Net Earnings / Revenue -8.3% -6.27% -8.76%
Basic Earnings Per Share
Diluted Earnings Per Share -$196.0K -$38.24K -$216.1K
COMMON SHARES
Basic Shares Outstanding 25.82M 25.62M shares 25.54M shares
Diluted Shares Outstanding 25.82M 25.54M shares

Balance Sheet

Concept 2017 2016 Q4 2016
SHORT-TERM ASSETS
Cash & Short-Term Investments $11.41M $14.17M $14.17M
YoY Change -19.48% -43.12% -43.12%
Cash & Equivalents $11.41M $14.17M $14.17M
Short-Term Investments
Other Short-Term Assets $3.630M $3.120M $3.120M
YoY Change 16.35% 7.59% 7.59%
Inventory
Prepaid Expenses
Receivables $10.29M $9.952M $9.950M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $25.33M $27.25M $27.25M
YoY Change -7.05% -27.03% -26.47%
LONG-TERM ASSETS
Property, Plant & Equipment $7.190M $5.397M $5.400M
YoY Change 33.15% 14.27% 14.41%
Goodwill $2.734M
YoY Change 85.23%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $4.920M $2.377M $4.020M
YoY Change 22.39% 2.02% 0.75%
Total Long-Term Assets $22.54M $20.34M $20.34M
YoY Change 10.82% 46.35% 43.44%
TOTAL ASSETS
Total Short-Term Assets $25.33M $27.25M $27.25M
Total Long-Term Assets $22.54M $20.34M $20.34M
Total Assets $47.87M $47.59M $47.59M
YoY Change 0.59% -7.12% -7.12%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.870M $1.018M $1.020M
YoY Change 83.33% -18.56% -18.4%
Accrued Expenses $9.300M $4.333M $9.060M
YoY Change 2.65% 30.83% 12.55%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $3.330M $1.120M $1.120M
YoY Change 197.32% -29.2% -29.11%
Total Short-Term Liabilities $15.60M $12.84M $12.84M
YoY Change 21.5% 4.36% 4.39%
LONG-TERM LIABILITIES
Long-Term Debt $4.480M $3.917M $3.920M
YoY Change 14.29% 14.0% 13.95%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $4.480M $3.917M $3.920M
YoY Change 14.29% 14.0% 13.95%
TOTAL LIABILITIES
Total Short-Term Liabilities $15.60M $12.84M $12.84M
Total Long-Term Liabilities $4.480M $3.917M $3.920M
Total Liabilities $16.75M $16.76M $13.80M
YoY Change 21.38% 6.47% 5.91%
SHAREHOLDERS EQUITY
Retained Earnings $12.40M
YoY Change -30.82%
Common Stock $273.0K
YoY Change 1.11%
Preferred Stock
YoY Change
Treasury Stock (at cost) $4.622M
YoY Change 2.99%
Treasury Stock Shares 1.681M shares
Shareholders Equity $31.12M $33.78M $33.78M
YoY Change
Total Liabilities & Shareholders Equity $47.87M $47.59M $47.59M
YoY Change 0.59% -7.12% -7.12%

Cashflow Statement

Concept 2017 2016 Q4 2016
OPERATING ACTIVITIES
Net Income -$5.055M -$983.0K -$5.524M
YoY Change -8.49% 65.77% 95.47%
Depreciation, Depletion And Amortization $3.674M $1.000M $3.195M
YoY Change 14.99% 51.52% 15.22%
Cash From Operating Activities $639.0K -$1.620M -$2.735M
YoY Change -123.36% -515.38% -202.82%
INVESTING ACTIVITIES
Capital Expenditures $3.410M -$690.0K $2.740M
YoY Change 24.45% 200.0% 293.11%
Acquisitions $0.00 $4.228M
YoY Change -100.0%
Other Investing Activities $0.00 -$180.0K -$4.230M
YoY Change -100.0%
Cash From Investing Activities -$3.410M -$870.0K -$6.968M
YoY Change -51.06% 278.26% 895.43%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00 $134.0K
YoY Change -100.0% -33.0%
Debt Paid & Issued, Net $1.077M $703.0K
YoY Change 53.2% -24.41%
Cash From Financing Activities -284.0K -290.0K -$837.0K
YoY Change -66.07% 61.11% -25.93%
NET CHANGE
Cash From Operating Activities 639.0K -1.620M -$2.735M
Cash From Investing Activities -3.410M -870.0K -$6.968M
Cash From Financing Activities -284.0K -290.0K -$837.0K
Net Change In Cash -3.055M -2.780M -$10.54M
YoY Change -71.02% 13800.0% -1369.88%
FREE CASH FLOW
Cash From Operating Activities $639.0K -$1.620M -$2.735M
Capital Expenditures $3.410M -$690.0K $2.740M
Free Cash Flow -$2.771M -$930.0K -$5.475M
YoY Change -49.39% -250.0% -378.91%

Facts In Submission

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0.759 pure
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546000 USD
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1222000 USD
CY2016Q4 us-gaap Deferred Tax Assets Property Plant And Equipment
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1654000 USD
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188000 USD
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6718000 USD
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DeferredTaxAssetsExpensesNotDeductibleUntilPaid
1142000 USD
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DeferredTaxAssetsExpensesNotDeductibleUntilPaid
1079000 USD
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0 USD
CY2016Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards
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176000 USD
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297000 USD
CY2017Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits
853000 USD
CY2016Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits
1836000 USD
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4542000 USD
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6525000 USD
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10556000 USD
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8282000 USD
CY2016Q4 us-gaap Deferred Tax Assets Gross
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12197000 USD
CY2017Q4 us-gaap Deferred Tax Liabilities Deferred Expense Deferred Policy Acquisition Cost
DeferredTaxLiabilitiesDeferredExpenseDeferredPolicyAcquisitionCost
446000 USD
CY2016Q4 us-gaap Deferred Tax Liabilities Deferred Expense Deferred Policy Acquisition Cost
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471000 USD
CY2017Q4 us-gaap Deferred Tax Liabilities Other
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168000 USD
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209000 USD
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CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
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616000 USD
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CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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200000 USD
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402000 USD
CY2017 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
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0 USD
CY2017 inod Unrecognized Tax Benefits Increase Decreases Resulting From Foreign Currency Translation
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85000 USD
CY2016 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
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108000 USD
CY2016 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
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40000 USD
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-6000 USD
CY2016Q4 us-gaap Unrecognized Tax Benefits
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1184000 USD
CY2015Q4 us-gaap Unrecognized Tax Benefits
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1207000 USD
CY2017 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Expense
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44000 USD
CY2016 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Expense
UnrecognizedTaxBenefitsInterestOnIncomeTaxesExpense
51000 USD
CY2017Q4 us-gaap Unrecognized Tax Benefits
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911000 USD
CY2015Q2 us-gaap Foreign Income Tax Expense Benefit Continuing Operations
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300000 USD
CY2017Q4 inod Business Combination Cost Of Acquired Entity Liabilities Incurred
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800000 USD
CY2016Q4 inod Business Combination Cost Of Acquired Entity Liabilities Incurred
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1492000 USD
CY2016Q4 inod Microsoft Licenses Obligations
MicrosoftLicensesObligations
0 USD
CY2017Q4 inod Microsoft Licenses Obligations
MicrosoftLicensesObligations
751000 USD
CY2016Q4 inod Deferred Lease Obligations
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705000 USD
CY2017Q4 inod Deferred Lease Obligations
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731000 USD
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224000 USD
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829000 USD
CY2017 us-gaap Lease And Rental Expense
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2700000 USD
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100000 USD
CY2017 inod Defined Contribution Plan Entities Matching Contribution Amount
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100000 USD
CY2017 us-gaap Defined Benefit Plan Amortization Of Transition Asset Obligation
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38000 USD
CY2016 us-gaap Defined Benefit Plan Amortization Of Transition Asset Obligation
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43000 USD
CY2017 inod Defined Benefit Plan Actuarial Gain Loss Not Yet Reflected In Net Periodic Pension Cost Net Of Tax
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1331000 USD
CY2016 inod Defined Benefit Plan Actuarial Gain Loss Not Yet Reflected In Net Periodic Pension Cost Net Of Tax
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1557000 USD
CY2017 inod Defined Benefit Plan Transition Obligation Not Yet Reflected In Net Periodic Pension Cost Net Of Tax
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-132000 USD
CY2016 inod Defined Benefit Plan Transition Obligation Not Yet Reflected In Net Periodic Pension Cost Net Of Tax
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-170000 USD
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1199000 USD
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1387000 USD
CY2017 us-gaap Defined Benefit Plan Service Cost
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333000 USD
CY2016 us-gaap Defined Benefit Plan Service Cost
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368000 USD
CY2017 us-gaap Defined Benefit Plan Interest Cost
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187000 USD
CY2016 us-gaap Defined Benefit Plan Interest Cost
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170000 USD
CY2016Q4 us-gaap Defined Benefit Plan Benefit Obligation
DefinedBenefitPlanBenefitObligation
2896000 USD
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2840000 USD
CY2016 us-gaap Defined Benefit Plan Benefit Obligation Benefits Paid
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143000 USD
CY2017 us-gaap Defined Benefit Plan Plan Assets Foreign Currency Translation Gain Loss
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51000 USD
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-142000 USD
CY2017 us-gaap Defined Benefit Plan Benefit Obligation Benefits Paid
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170000 USD
CY2017 us-gaap Defined Benefit Plan Actuarial Gain Loss
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-107000 USD
CY2016 us-gaap Defined Benefit Plan Actuarial Gain Loss
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3121000 USD
CY2017 us-gaap Pension Expense
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202000 USD
CY2016 us-gaap Pension Expense
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223000 USD
CY2017 inod Actuarial Gain Loss Recognized
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249000 USD
CY2016 inod Actuarial Gain Loss Recognized
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315000 USD
CY2017Q4 us-gaap Defined Benefit Plan Accumulated Benefit Obligation
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2000000 USD
CY2016Q4 us-gaap Defined Benefit Plan Accumulated Benefit Obligation
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1500000 USD
CY2017Q4 us-gaap Common Stock Shares Authorized
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75000000 shares
CY2017Q4 us-gaap Preferred Stock Shares Authorized
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5000000 shares
CY2017 inod Stockholders Rights Agreement Expiration Date
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2019-01-13
CY2017Q4 us-gaap Common Stock Capital Shares Reserved For Future Issuance
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6143000 shares
CY2017 us-gaap Treasury Stock Shares Acquired
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137000 shares
CY2017Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
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800000 USD
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256000 USD
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86000 USD
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706000 USD
CY2017 inod Other Comprehensive Income Loss Foreign Currency Transaction And Translation Gain Loss Net Of Tax
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687000 USD
CY2017 inod Other Comprehensive Income Gain Loss Arising During Period Net Of Tax
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1280000 USD
CY2017 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
956000 USD
CY2017 inod Other Comprehensive Income Reclassification Adjustments Net Of Tax
OtherComprehensiveIncomeReclassificationAdjustmentsNetOfTax
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CY2017 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Reclassification Adjustments Net Of Tax
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1387000 USD
CY2017 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
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-196000 USD
CY2017 inod Other Comprehensive Income Loss Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeLossGainLossOnDerivativesArisingDuringPeriodNetOfTax
574000 USD
CY2017 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
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0 USD
CY2017 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Reclassification Adjustment From Aoci Realized Upon Sale Or Liquidation Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentFromAOCIRealizedUponSaleOrLiquidationNetOfTax
0 USD
CY2016 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
49000 USD
CY2016 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax
0 USD
CY2016 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Reclassification Adjustments Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeReclassificationAdjustmentsNetOfTax
1523000 USD
CY2016 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax
-136000 USD
CY2016 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
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-255000 USD
CY2016 inod Other Comprehensive Income Loss Gain Loss On Derivatives Arising During Period Net Of Tax
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-90000 USD
CY2016 inod Other Comprehensive Income Loss Foreign Currency Transaction And Translation Gain Loss Net Of Tax
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1393000 USD
CY2016 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Reclassification Adjustment From Aoci Realized Upon Sale Or Liquidation Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentFromAOCIRealizedUponSaleOrLiquidationNetOfTax
0 USD
CY2016 inod Other Comprehensive Income Reclassification Adjustments Net Of Tax
OtherComprehensiveIncomeReclassificationAdjustmentsNetOfTax
-199000 USD
CY2016 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-125000 USD
CY2016 inod Other Comprehensive Income Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeGainLossArisingDuringPeriodNetOfTax
-41000 USD
CY2016 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
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CY2017Q4 us-gaap Noncurrent Assets
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17627000 USD
CY2016Q4 us-gaap Noncurrent Assets
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16322000 USD
CY2016 us-gaap Weighted Average Number Of Shares Outstanding Basic
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25542000 shares
CY2017 us-gaap Weighted Average Number Of Shares Outstanding Basic
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25816000 shares
CY2016 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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0 shares
CY2017 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2016 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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25542000 shares
CY2017 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
25816000 shares
CY2017Q4 invest Derivative Notional Amount
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15900000 USD
CY2016Q4 invest Derivative Notional Amount
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19300000 USD
CY2017 us-gaap Derivative Instruments Gain Loss Recognized In Other Comprehensive Income Effective Portion Net
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574000 USD
CY2015 us-gaap Derivative Instruments Gain Loss Recognized In Other Comprehensive Income Effective Portion Net
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-90000 USD
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63000 USD
CY2017 us-gaap Derivative Instruments Gain Loss Reclassified From Accumulated Oci Into Income Effective Portion Net
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-86000 USD
CY2015 us-gaap Derivative Gain Loss On Derivative Net
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0 USD
CY2017 us-gaap Derivative Gain Loss On Derivative Net
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0 USD
CY2017Q4 us-gaap Commitments And Contingencies
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USD
CY2016Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2017Q4 us-gaap Preferred Stock Value
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0 USD
CY2017Q4 us-gaap Stockholders Equity Before Treasury Stock
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35741000 USD
CY2016Q4 us-gaap Stockholders Equity Before Treasury Stock
StockholdersEquityBeforeTreasuryStock
38406000 USD
CY2016Q4 us-gaap Preferred Stock Shares Authorized
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5000000 shares
CY2017Q4 us-gaap Preferred Stock Shares Outstanding
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0 shares
CY2016Q4 us-gaap Preferred Stock Shares Outstanding
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0 shares
CY2017Q4 us-gaap Common Stock Par Or Stated Value Per Share
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0.01
CY2016Q4 us-gaap Common Stock Par Or Stated Value Per Share
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0.01
CY2016Q4 us-gaap Common Stock Shares Authorized
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75000000 shares
CY2017Q4 us-gaap Common Stock Shares Issued
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27559000 shares
CY2017Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
25878000 shares
CY2016Q4 us-gaap Common Stock Shares Issued
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27305000 shares
CY2016Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
25624000 shares
CY2017Q4 us-gaap Treasury Stock Shares
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1681000 shares
CY2016Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
1681000 shares
CY2017 us-gaap Costs And Expenses
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66026000 USD
CY2016 us-gaap Costs And Expenses
CostsAndExpenses
67796000 USD
CY2017 us-gaap Cash And Cash Equivalents Period Increase Decrease
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CY2016 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-10736000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
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935000 USD
CY2016Q3 inod Business Acquisition Percentage Of Discount Rate
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0.135 pure
CY2017 us-gaap Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
P10Y
CY2015Q4 us-gaap Goodwill
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1476000 USD
CY2015Q4 us-gaap Intangible Assets Gross Excluding Goodwill
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4610000 USD
CY2016Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
9549000 USD
CY2017Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
10045000 USD
CY2016 inod Finite Lived Intangible Acquisitions
FiniteLivedIntangibleAcquisitions
4914000 USD
CY2016 us-gaap Finite Lived Intangible Assets Foreign Currency Translation Gain Loss
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-25000 USD
CY2017 us-gaap Finite Lived Intangible Assets Foreign Currency Translation Gain Loss
FiniteLivedIntangibleAssetsForeignCurrencyTranslationGainLoss
-496000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
1000000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
1000000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
935000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
935000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
2801000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
7606000 USD
CY2017 us-gaap Use Of Estimates
UseOfEstimates
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" align="justify"><strong>Use of Estimates</strong> - In preparing financial statements in conformity with U.S. GAAP, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Significant estimates include those related to revenue recognition, allowance for doubtful accounts and billing adjustments, long-lived assets, intangible assets, goodwill, valuation of deferred tax assets, valuation of securities underlying stock-based compensation, litigation accruals, pension benefits, purchase price allocation of the net assets acquired in the acquisition of Agility, valuation of derivative instruments and estimated accruals for various tax exposures.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
CY2017 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 0pt 13.5pt; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" align="justify"> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" align="justify"><strong><strong></strong>Concentration of Credit Risk</strong> - The Company maintains its cash with highly rated financial institutions, located in the United States and in foreign locations where the Company has its operations. At December 31, 2017, the Company had cash and cash equivalents of $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">11.4</font> million, of which $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">5.7</font> million was held by its foreign subsidiaries with local banks located mainly in Asia and $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">5.7</font> million was held in the United States. To the extent that such cash exceeds the maximum insurance levels, the Company would be uninsured. The Company has not experienced any losses in such accounts.</div> </div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
CY2017 us-gaap Revenue Recognition Deferred Revenue
RevenueRecognitionDeferredRevenue
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" align="justify"> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" align="justify"><strong>Deferred Revenue</strong> - Deferred revenue represents payments received from clients in advance of providing services and amounts deferred if conditions for revenue recognition have not been met. Included in accrued expenses on the accompanying consolidated balance sheets as of December 31, 2017 and 2016 is deferred revenue amounting to $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">1.9</font> million and $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">2.0</font> million, respectively.</div> </div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
CY2017 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
775000 USD
CY2016 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
1302000 USD
CY2017 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-490000 USD
CY2016 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-176000 USD
CY2017Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
1757000 USD
CY2016Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
1641000 USD
CY2017Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
614000 USD
CY2016Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
680000 USD
CY2017Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
1143000 USD
CY2016Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
961000 USD
CY2017 us-gaap Income Tax Reconciliation Repatriation Of Foreign Earnings
IncomeTaxReconciliationRepatriationOfForeignEarnings
6400000 USD
CY2017 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
4800000 USD
CY2017 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
100000 USD
CY2017Q4 us-gaap Undistributed Earnings Of Foreign Subsidiaries
UndistributedEarningsOfForeignSubsidiaries
24800000 USD
CY2017 us-gaap Dividends
Dividends
5200000 USD
CY2017Q4 us-gaap Income Tax Examination Penalties And Interest Accrued
IncomeTaxExaminationPenaltiesAndInterestAccrued
400000 USD
CY2016Q4 us-gaap Income Tax Examination Penalties And Interest Accrued
IncomeTaxExaminationPenaltiesAndInterestAccrued
500000 USD
CY2015 inod Percentage For Subsidiary Service Tax
PercentageForSubsidiaryServiceTax
0.145 pure
CY2017 inod Subsidiary Revenue
SubsidiaryRevenue
15600000 USD
CY2016 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
700000 USD
CY2017Q4 us-gaap Capital Lease Obligations Noncurrent
CapitalLeaseObligationsNoncurrent
664000 USD
CY2016Q4 us-gaap Capital Lease Obligations Noncurrent
CapitalLeaseObligationsNoncurrent
0 USD
CY2017Q4 us-gaap Postemployment Benefits Liability Current And Noncurrent
PostemploymentBenefitsLiabilityCurrentAndNoncurrent
2835000 USD
CY2016Q4 us-gaap Postemployment Benefits Liability Current And Noncurrent
PostemploymentBenefitsLiabilityCurrentAndNoncurrent
2616000 USD
CY2017Q4 us-gaap Long Term Debt
LongTermDebt
6610000 USD
CY2016Q4 us-gaap Long Term Debt
LongTermDebt
5037000 USD
CY2017 us-gaap Finitelived Intangible Assets Acquired1
FinitelivedIntangibleAssetsAcquired1
1213000 USD
CY2017Q1 inod Supplemental Deferred Purchase Price Percentage
SupplementalDeferredPurchasePricePercentage
0.7 pure
CY2017Q1 us-gaap Stock Issued During Period Shares Acquisitions
StockIssuedDuringPeriodSharesAcquisitions
253622 shares
CY2017 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
4100000 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
3255000 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
884000 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
242000 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
478000 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
464000 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
500000 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
687000 USD
CY2016 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
2700000 USD
CY2017Q4 us-gaap Litigation Reserve
LitigationReserve
6200000 USD
CY2017 inod Interest Rate Description Litigation
InterestRateDescriptionLitigation
plus legal interest that accrued at 12% per annum from August 13, 2008 to June 30, 2013, and thereafter accrued and continues to accrue at 6% per annum.
CY2016Q3 inod Supplemental Deferred Purchase Price Percentage
SupplementalDeferredPurchasePricePercentage
0.7 pure
CY2017 inod Defined Benefit Plan Amounts Recognized In Other Comprehensive Income Loss Actuarial Gain Loss
DefinedBenefitPlanAmountsRecognizedInOtherComprehensiveIncomeLossActuarialGainLoss
226000 USD
CY2016 inod Defined Benefit Plan Amounts Recognized In Other Comprehensive Income Loss Actuarial Gain Loss
DefinedBenefitPlanAmountsRecognizedInOtherComprehensiveIncomeLossActuarialGainLoss
179000 USD
CY2017 inod Defined Benefit Plan Amortization Of Actuarial Gain
DefinedBenefitPlanAmortizationOfActuarialGain
157000 USD
CY2017 inod Defined Benefit Plan Amortization Of Transition Obligation
DefinedBenefitPlanAmortizationOfTransitionObligation
38000 USD
CY2017Q4 us-gaap Defined Benefit Plan Expected Amortization Next Fiscal Year
DefinedBenefitPlanExpectedAmortizationNextFiscalYear
-119000 USD
CY2016 us-gaap Defined Benefit Plan Curtailments
DefinedBenefitPlanCurtailments
0 USD
CY2017 us-gaap Defined Benefit Plan Curtailments
DefinedBenefitPlanCurtailments
-69000 USD
CY2017Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Next Twelve Months
DefinedBenefitPlanExpectedFutureBenefitPaymentsNextTwelveMonths
360000 USD
CY2017Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Two
DefinedBenefitPlanExpectedFutureBenefitPaymentsYearTwo
221000 USD
CY2017Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Three
DefinedBenefitPlanExpectedFutureBenefitPaymentsYearThree
577000 USD
CY2017Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Four
DefinedBenefitPlanExpectedFutureBenefitPaymentsYearFour
142000 USD
CY2017Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Five
DefinedBenefitPlanExpectedFutureBenefitPaymentsYearFive
151000 USD
CY2017Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Five Fiscal Years Thereafter
DefinedBenefitPlanExpectedFutureBenefitPaymentsFiveFiscalYearsThereafter
1749000 USD
CY2017Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Remainder Of Fiscal Year
DefinedBenefitPlanExpectedFutureBenefitPaymentsRemainderOfFiscalYear
3200000 USD
CY2017 inod Stockholder Rights Exercisable Description
StockholderRightsExercisableDescription
Person becomes an Acquiring Person (unless such Person acquires 50 percent or more of the common stock of the Company then outstanding, as more fully described in the Rights Agreement), the Board of Directors may exchange one share of the Companys common stock for each outstanding Right (other than rights owned by such Person, which would have become void). In addition, if the Company is acquired in a merger or other business combination transaction after a Person becomes an Acquiring Person, all holders of Rights, except the Acquiring Person, may purchase at the Rights then-current exercise price, a number of the acquiring Companys common stock having a market value of twice the exercise price. If the Company receives a qualifying offer (which includes certain all-cash fully financed tender offers or exchange offers for all of the Companys outstanding common stock), under certain circumstances, holders of 10 percent of the Companys outstanding common stock (excluding stock held by the offeror and its affiliates and associates) may direct the Board of Directors to call a special meeting of stockholders to consider a resolution exempting such qualifying offer from the Rights Agreement.
CY2017 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P18M
CY2016Q4 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
-1393000 USD
CY2017Q4 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
-687000 USD
CY2017Q4 us-gaap Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Net Of Tax
AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax
342000 USD
CY2016Q4 us-gaap Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Net Of Tax
AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax
-318000 USD
CY2016Q4 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
1387000 USD
CY2017Q4 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
1191000 USD
CY2015Q4 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
1523000 USD
CY2015Q4 us-gaap Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Net Of Tax
AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax
-165000 USD
CY2015Q4 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
-1442000 USD
CY2015Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-84000 USD
CY2017Q4 us-gaap Operating Loss Carryforwards Valuation Allowance
OperatingLossCarryforwardsValuationAllowance
2200000 USD
CY2017 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.340 pure
CY2016 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.340 pure
CY2017 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
1.369 pure
CY2016 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0 pure
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-5074000 USD
CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-4785000 USD
CY2016 us-gaap Income Tax Holiday Aggregate Dollar Amount
IncomeTaxHolidayAggregateDollarAmount
200000 USD

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