2017 Q2 Form 10-Q Financial Statement

#000074530817000006 Filed on May 04, 2017

View on sec.gov

Income Statement

Concept 2017 Q2 2017 Q1 2016 Q1
Revenue $30.38M $13.51M $20.25M
YoY Change 2.82% -33.29% 18.51%
Cost Of Revenue $19.50M $10.00M $12.00M
YoY Change -0.51% -16.67% -6.25%
Gross Profit $11.10M $3.600M $8.200M
YoY Change 11.0% -56.1% 90.7%
Gross Profit Margin 36.53% 26.64% 40.49%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $2.032M $1.953M $2.288M
YoY Change -3.28% -14.64% -21.51%
% of Gross Profit 18.31% 54.25% 27.9%
Operating Expenses $25.72M $18.09M $21.15M
YoY Change -6.16% -14.45% -7.2%
Operating Profit $4.663M -$4.582M -$897.0K
YoY Change 117.59% 410.81% -84.27%
Interest Expense $3.035M $3.043M $3.035M
YoY Change -3.5% 0.26% 5.53%
% of Operating Profit 65.09%
Other Income/Expense, Net $11.86M $11.05M $12.70M
YoY Change 2757.83% -12.97% 335.81%
Pretax Income $16.52M $6.467M $11.80M
YoY Change 545.93% -45.19% -523.02%
Income Tax $5.909M $2.279M $3.244M
% Of Pretax Income 35.76% 35.24% 27.5%
Net Earnings $10.76M $4.368M $8.665M
YoY Change 494.7% -49.59% -598.56%
Net Earnings / Revenue 35.43% 32.33% 42.78%
Basic Earnings Per Share
Diluted Earnings Per Share $150.0K $59.46K $116.3K
COMMON SHARES
Basic Shares Outstanding 71.97M shares 74.34M shares 74.35M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2017 Q2 2017 Q1 2016 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $247.2M $217.0M $201.3M
YoY Change 34.71% 7.8% -30.51%
Cash & Equivalents $247.2M $217.0M $201.3M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $255.1M $251.5M $213.9M
YoY Change 30.02% 17.58% -26.16%
LONG-TERM ASSETS
Property, Plant & Equipment $9.541M $9.067M $9.733M
YoY Change 1.35% -6.84% -7.35%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $710.7M $705.9M $713.7M
YoY Change -3.31% -1.09% -22.08%
Other Assets $4.500M $4.400M $5.700M
YoY Change -21.05% -22.81% -82.52%
Total Long-Term Assets $765.2M $755.9M $765.1M
YoY Change -2.92% -1.19% -24.68%
TOTAL ASSETS
Total Short-Term Assets $255.1M $251.5M $213.9M
Total Long-Term Assets $765.2M $755.9M $765.1M
Total Assets $1.020B $1.007B $979.0M
YoY Change 3.65% 2.91% -25.01%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt $231.9M $231.9M $230.8M
YoY Change 0.65% 0.48% -5.37%
Other Long-Term Liabilities $60.60M $47.70M $43.10M
YoY Change 27.04% 10.67% 81.86%
Total Long-Term Liabilities $292.5M $279.6M $273.9M
YoY Change 5.18% 2.08% 2.35%
TOTAL LIABILITIES
Total Short-Term Liabilities
Total Long-Term Liabilities $292.5M $279.6M $273.9M
Total Liabilities $362.5M $349.9M $311.9M
YoY Change 14.85% 12.19% -4.55%
SHAREHOLDERS EQUITY
Retained Earnings $109.9M $99.11M $87.52M
YoY Change 23.01% 13.25% 11.0%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $40.44M $34.16M $320.1M
YoY Change -87.37% -89.33% 112218.95%
Treasury Stock Shares 2.416M shares 2.045M shares 18.00M shares
Shareholders Equity $640.5M $640.2M $659.1M
YoY Change
Total Liabilities & Shareholders Equity $1.020B $1.007B $979.0M
YoY Change 3.65% 2.91% -25.01%

Cashflow Statement

Concept 2017 Q2 2017 Q1 2016 Q1
OPERATING ACTIVITIES
Net Income $10.76M $4.368M $8.665M
YoY Change 494.7% -49.59% -598.56%
Depreciation, Depletion And Amortization $2.032M $1.953M $2.288M
YoY Change -3.28% -14.64% -21.51%
Cash From Operating Activities $38.50M $7.142M $4.431M
YoY Change 413.33% 61.18% 312.95%
INVESTING ACTIVITIES
Capital Expenditures $4.000M $1.026M $347.0K
YoY Change -260.0% 195.68% -61.44%
Acquisitions
YoY Change
Other Investing Activities -$6.700M $8.000M -$400.0K
YoY Change -70.22% -2100.0% -100.16%
Cash From Investing Activities -$2.500M $2.622M -$1.024M
YoY Change -89.96% -356.05% -100.41%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $34.16M $14.80M
YoY Change 130.78%
Debt Paid & Issued, Net $226.0K $35.00K
YoY Change 545.71%
Cash From Financing Activities -6.100M -$33.89M -$14.86M
YoY Change 1933.33% 128.16% -784.25%
NET CHANGE
Cash From Operating Activities 38.50M $7.142M $4.431M
Cash From Investing Activities -2.500M $2.622M -$1.024M
Cash From Financing Activities -6.100M -$33.89M -$14.86M
Net Change In Cash 29.90M -$24.13M -$11.45M
YoY Change -268.93% 110.77% -104.49%
FREE CASH FLOW
Cash From Operating Activities $38.50M $7.142M $4.431M
Capital Expenditures $4.000M $1.026M $347.0K
Free Cash Flow $34.50M $6.116M $4.084M
YoY Change 245.0% 49.76% 2260.69%

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CY2016Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
2288000 USD
CY2017Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1953000 USD
CY2016Q4 us-gaap Development In Process
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164849000 USD
CY2017Q1 us-gaap Development In Process
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172769000 USD
CY2016Q1 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
CY2017Q1 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
CY2016Q4 us-gaap Employee Related Liabilities Current
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2655000 USD
CY2017Q1 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
1269000 USD
CY2016Q1 us-gaap Gain Loss On Investments
GainLossOnInvestments
0 USD
CY2017Q1 us-gaap Gain Loss On Investments
GainLossOnInvestments
3122000 USD
CY2016Q1 us-gaap Gain Loss Related To Litigation Settlement
GainLossRelatedToLitigationSettlement
12500000 USD
CY2016Q1 us-gaap Gain Loss Related To Litigation Settlement
GainLossRelatedToLitigationSettlement
12548000 USD
CY2017Q1 us-gaap Gain Loss Related To Litigation Settlement
GainLossRelatedToLitigationSettlement
0 USD
CY2016Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
11798000 USD
CY2017Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
6467000 USD
CY2016Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3244000 USD
CY2017Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2279000 USD
CY2016Q1 us-gaap Income Tax Expense Benefit Continuing Operations Discontinued Operations Extraordinary Items
IncomeTaxExpenseBenefitContinuingOperationsDiscontinuedOperationsExtraordinaryItems
3244000 USD
CY2017Q1 us-gaap Income Tax Expense Benefit Continuing Operations Discontinued Operations Extraordinary Items
IncomeTaxExpenseBenefitContinuingOperationsDiscontinuedOperationsExtraordinaryItems
2279000 USD
CY2016Q4 us-gaap Income Tax Receivable
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27057000 USD
CY2017Q1 us-gaap Income Tax Receivable
IncomeTaxReceivable
26672000 USD
CY2016Q1 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
-354000 USD
CY2017Q1 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
-280000 USD
CY2016Q1 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
4168000 USD
CY2017Q1 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
2326000 USD
CY2016Q1 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-781000 USD
CY2017Q1 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
114000 USD
CY2016Q1 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
417000 USD
CY2017Q1 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
233000 USD
CY2016Q1 us-gaap Income Taxes Paid Net
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0 USD
CY2017Q1 us-gaap Income Taxes Paid Net
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0 USD
CY2016Q1 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
0 USD
CY2017Q1 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
348000 USD
CY2017Q1 us-gaap Interest And Dividend Income Securities Available For Sale
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8226000 USD
CY2016Q1 us-gaap Interest Expense
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3035000 USD
CY2017Q1 us-gaap Interest Expense
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3043000 USD
CY2016Q1 us-gaap Interest Expense Debt
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845000 USD
CY2017Q1 us-gaap Interest Expense Debt
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850000 USD
CY2016Q1 us-gaap Interest Income Other
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27000 USD
CY2017Q1 us-gaap Interest Income Other
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79000 USD
CY2016Q1 us-gaap Interest Paid
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5664000 USD
CY2016Q1 us-gaap Increase Decrease In Deferred Income Taxes
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-1106000 USD
CY2017Q1 us-gaap Increase Decrease In Deferred Income Taxes
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-988000 USD
CY2016Q1 us-gaap Increase Decrease In Notes Receivables
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-65000 USD
CY2017Q1 us-gaap Increase Decrease In Notes Receivables
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-40000 USD
CY2016Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-1004000 USD
CY2017Q1 us-gaap Increase Decrease In Other Operating Assets
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-651000 USD
CY2016Q1 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
4142000 USD
CY2017Q1 us-gaap Increase Decrease In Other Operating Liabilities
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4928000 USD
CY2016Q1 us-gaap Interest And Dividend Income Securities Available For Sale
InterestAndDividendIncomeSecuritiesAvailableForSale
653000 USD
CY2017Q1 us-gaap Interest Paid
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5137000 USD
CY2016Q4 us-gaap Interest Receivable
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2938000 USD
CY2017Q1 us-gaap Interest Receivable
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935000 USD
CY2016Q1 us-gaap Investment Income Interest And Dividend
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189000 USD
CY2017Q1 us-gaap Investment Income Interest And Dividend
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4548000 USD
CY2016Q1 us-gaap Investment Income Net
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2730000 USD
CY2017Q1 us-gaap Investment Income Net
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10356000 USD
CY2016Q4 us-gaap Investments
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175725000 USD
CY2017Q1 us-gaap Investments
Investments
175623000 USD
CY2016Q4 us-gaap Letters Of Credit Outstanding Amount
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400000 USD
CY2017Q1 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
400000 USD
CY2016Q4 us-gaap Liabilities
Liabilities
341146000 USD
CY2017Q1 us-gaap Liabilities
Liabilities
349882000 USD
CY2016Q4 us-gaap Liabilities And Stockholders Equity
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1027945000 USD
CY2017Q1 us-gaap Liabilities And Stockholders Equity
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1007444000 USD
CY2016Q4 us-gaap Loans And Leases Receivable Allowance
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0 USD
CY2017Q1 us-gaap Loans And Leases Receivable Allowance
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0 USD
CY2016Q4 us-gaap Long Term Debt
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55040000 USD
CY2017Q1 us-gaap Long Term Debt
LongTermDebt
55525000 USD
CY2017Q1 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
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50879000 USD
CY2017Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
1186000 USD
CY2017Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
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1139000 USD
CY2017Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
1094000 USD
CY2017Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
1047000 USD
CY2017Q1 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
784000 USD
CY2016Q4 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
1300000 USD
CY2017Q1 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
1200000 USD
CY2016Q4 us-gaap Minority Interest
MinorityInterest
17506000 USD
CY2017Q1 us-gaap Minority Interest
MinorityInterest
17326000 USD
CY2017Q1 us-gaap Mortgage Loans On Real Estate Collections Of Principal
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33000 USD
CY2016Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-14855000 USD
CY2017Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-33893000 USD
CY2016Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1024000 USD
CY2017Q1 us-gaap Net Cash Provided By Used In Investing Activities
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2622000 USD
CY2016Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
4431000 USD
CY2017Q1 us-gaap Net Cash Provided By Used In Operating Activities
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7142000 USD
CY2016Q1 us-gaap Net Income Loss
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8665000 USD
CY2017Q1 us-gaap Net Income Loss
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4368000 USD
CY2016Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-111000 USD
CY2017Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-180000 USD
CY2016Q1 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
12695000 USD
CY2017Q1 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
11364000 USD
CY2016Q4 us-gaap Notes Receivable Net
NotesReceivableNet
1926000 USD
CY2017Q1 us-gaap Notes Receivable Net
NotesReceivableNet
1886000 USD
CY2017Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
5 Segment
CY2016Q1 us-gaap Operating Expenses
OperatingExpenses
21151000 USD
CY2017Q1 us-gaap Operating Expenses
OperatingExpenses
18094000 USD
CY2016Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-897000 USD
CY2017Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-4897000 USD
CY2016Q1 us-gaap Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
2361000 USD
CY2017Q1 us-gaap Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
2393000 USD
CY2016Q4 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
3419000 USD
CY2017Q1 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
7872000 USD
CY2016Q4 us-gaap Other Assets
OtherAssets
38410000 USD
CY2017Q1 us-gaap Other Assets
OtherAssets
36473000 USD
CY2016Q4 us-gaap Other Assets Miscellaneous
OtherAssetsMiscellaneous
8789000 USD
CY2017Q1 us-gaap Other Assets Miscellaneous
OtherAssetsMiscellaneous
8280000 USD
CY2016Q1 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax
-88000 USD
CY2017Q1 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax
1153000 USD
CY2016Q1 us-gaap Other Comprehensive Income Loss Available For Sale Securities Before Reclassification Adjustments Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesBeforeReclassificationAdjustmentsTax
-34000 USD
CY2017Q1 us-gaap Other Comprehensive Income Loss Available For Sale Securities Before Reclassification Adjustments Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesBeforeReclassificationAdjustmentsTax
441000 USD
CY2017Q1 us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
1153000 USD
CY2016Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-54000 USD
CY2017Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
712000 USD
CY2016Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax
0 USD
CY2017Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax
3122000 USD
CY2016Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Writedown Of Securities Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForWritedownOfSecuritiesBeforeTax
0 USD
CY2017Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Writedown Of Securities Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForWritedownOfSecuritiesBeforeTax
366000 USD
CY2017Q1 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
441000 USD
CY2016Q1 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
6819000 USD
CY2017Q1 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
6180000 USD
CY2016Q4 us-gaap Other Liabilities
OtherLiabilities
40950000 USD
CY2017Q1 us-gaap Other Liabilities
OtherLiabilities
47715000 USD
CY2016Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
452000 USD
CY2017Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
4051000 USD
CY2016Q1 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Additions No Previous Impairment
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsAdditionsNoPreviousImpairment
0 USD
CY2017Q1 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Additions No Previous Impairment
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsAdditionsNoPreviousImpairment
400000 USD
CY2017Q1 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Additions No Previous Impairment
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsAdditionsNoPreviousImpairment
366000 USD
CY2016Q1 us-gaap Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net
OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet
0 USD
CY2017Q1 us-gaap Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net
OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet
366000 USD
CY2016Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
14820000 USD
CY2016Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
14800000 USD
CY2017Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
34156000 USD
CY2017Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
34200000 USD
CY2016Q1 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
0 USD
CY2017Q1 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
20000 USD
CY2016Q1 us-gaap Payments To Acquire And Develop Real Estate
PaymentsToAcquireAndDevelopRealEstate
1249000 USD
CY2017Q1 us-gaap Payments To Acquire And Develop Real Estate
PaymentsToAcquireAndDevelopRealEstate
2183000 USD
CY2016Q1 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
9275000 USD
CY2017Q1 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
49510000 USD
CY2016Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
347000 USD
CY2017Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
4847000 USD
CY2016Q1 us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
277000 USD
CY2017Q1 us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
489000 USD
CY2016Q4 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
5685000 USD
CY2017Q1 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
6951000 USD
CY2016Q1 us-gaap Proceeds From Advances For Construction
ProceedsFromAdvancesForConstruction
0 USD
CY2017Q1 us-gaap Proceeds From Advances For Construction
ProceedsFromAdvancesForConstruction
509000 USD
CY2016Q1 us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
8500000 USD
CY2017Q1 us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
57100000 USD
CY2016Q1 us-gaap Profit Loss
ProfitLoss
8554000 USD
CY2017Q1 us-gaap Profit Loss
ProfitLoss
4188000 USD
CY2017Q1 us-gaap Property Management Fee Percent Fee
PropertyManagementFeePercentFee
0.5
CY2016Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
8992000 USD
CY2017Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
9067000 USD
CY2017Q1 us-gaap Purchase Obligation
PurchaseObligation
33200000 USD
CY2016Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
67349000 USD
CY2017Q1 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
68641000 USD
CY2016Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
314620000 USD
CY2017Q1 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
322097000 USD
CY2016Q1 us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
0 USD
CY2017Q1 us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
3122000 USD
CY2016Q4 us-gaap Receivable With Imputed Interest Net Amount
ReceivableWithImputedInterestNetAmount
7804000 USD
CY2017Q1 us-gaap Receivable With Imputed Interest Net Amount
ReceivableWithImputedInterestNetAmount
7863000 USD
CY2016Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
35000 USD
CY2017Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
226000 USD
CY2016Q4 us-gaap Restricted Investments
RestrictedInvestments
5636000 USD
CY2016Q4 us-gaap Restricted Investments
RestrictedInvestments
5600000 USD
CY2017Q1 us-gaap Restricted Investments
RestrictedInvestments
4400000 USD
CY2017Q1 us-gaap Restricted Investments
RestrictedInvestments
4448000 USD
CY2016Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
94746000 USD
CY2017Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
99114000 USD
CY2016Q1 us-gaap Revenues
Revenues
20254000 USD
CY2017Q1 us-gaap Revenues
Revenues
13197000 USD
CY2016Q1 us-gaap Sales Of Real Estate
SalesOfRealEstate
7081000 USD
CY2017Q1 us-gaap Sales Of Real Estate
SalesOfRealEstate
1525000 USD
CY2016Q1 us-gaap Share Based Compensation
ShareBasedCompensation
0 USD
CY2017Q1 us-gaap Share Based Compensation
ShareBasedCompensation
19000 USD
CY2017Q1 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
19000 USD
CY2017Q1 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
156800000.0 USD
CY2016Q1 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
995650 shares
CY2017Q1 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
2044981 shares
CY2017Q1 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
34156000 USD
CY2016Q4 us-gaap Stockholders Equity
StockholdersEquity
669293000 USD
CY2017Q1 us-gaap Stockholders Equity
StockholdersEquity
640236000 USD
CY2016Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
686799000 USD
CY2017Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
657562000 USD
CY2016Q1 us-gaap Timber Operating Costs
TimberOperatingCosts
210000 USD
CY2017Q1 us-gaap Timber Operating Costs
TimberOperatingCosts
157000 USD
CY2016Q1 us-gaap Timber Revenue
TimberRevenue
2061000 USD
CY2017Q1 us-gaap Timber Revenue
TimberRevenue
1171000 USD
CY2016Q1 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
14.88
CY2017Q1 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
16.70
CY2017Q1 us-gaap Treasury Stock Shares
TreasuryStockShares
2044981 shares
CY2016Q4 us-gaap Treasury Stock Value
TreasuryStockValue
0 USD
CY2017Q1 us-gaap Treasury Stock Value
TreasuryStockValue
34156000 USD
CY2016Q1 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
100000 USD
CY2017Q1 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
100000 USD
CY2016Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
1700000 USD
CY2017Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
1700000 USD
CY2016Q1 us-gaap Unrecognized Tax Benefits Period Increase Decrease
UnrecognizedTaxBenefitsPeriodIncreaseDecrease
0 USD
CY2017Q1 us-gaap Unrecognized Tax Benefits Period Increase Decrease
UnrecognizedTaxBenefitsPeriodIncreaseDecrease
0 USD
CY2016Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
0 USD
CY2017Q1 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
0 USD
CY2017Q1 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
-300000 USD
CY2016Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
74809010 shares
CY2017Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
73970407 shares
CY2017Q1 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:0px;padding-top:12px;text-indent:0px;font-size:10pt;"><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;font-weight:bold;text-decoration:none;">Concentration of Risks and Uncertainties</font></div><div style="line-height:120%;padding-bottom:0px;padding-top:12px;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:Times New Roman;font-size:10pt;">The Company&#8217;s real estate investments are concentrated in Northwest Florida in a number of specific development projects. Uncertain economic conditions could have an adverse impact on the Company&#8217;s real estate values and could cause the Company to sell assets at depressed values in order to pay ongoing obligations.</font></div><div style="line-height:120%;padding-bottom:0px;padding-top:12px;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:Times New Roman;font-size:10pt;">Financial instruments that potentially subject the Company to a concentration of credit risk consist of cash, cash equivalents, investments, other receivables, investments held by special purpose entity or entities (&#8220;SPE&#8221;) and investments in retained interests. The Company deposits and invests cash with regional financial institutions, which balances as of </font><font style="font-family:Times New Roman;font-size:10pt;">March&#160;31, 2017</font><font style="font-family:Times New Roman;font-size:10pt;"> exceed the amount of F.D.I.C. insurance provided on such deposits. </font></div></div>
CY2017Q1 us-gaap Nature Of Operations
NatureOfOperations
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:0px;padding-top:12px;text-indent:0px;font-size:10pt;"><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">Nature of Operations </font></div><div style="line-height:120%;padding-bottom:0px;padding-top:12px;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:Times New Roman;font-size:10pt;">The St. Joe Company together with its consolidated subsidiaries (the &#8220;Company&#8221;) is a Florida real estate development, asset management and operating company with real estate assets and operations currently concentrated primarily between Tallahassee and Destin, Florida. </font></div><div style="line-height:120%;padding-bottom:0px;padding-top:12px;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:Times New Roman;font-size:10pt;">The Company conducts primarily all of its business in the following </font><font style="font-family:Times New Roman;font-size:10pt;">five</font><font style="font-family:Times New Roman;font-size:10pt;"> reportable operating segments: 1) residential real estate, 2) commercial real estate, 3) resorts and leisure, 4) leasing operations and 5) forestry.</font></div></div>
CY2017Q1 us-gaap Property Plant And Equipment Impairment
PropertyPlantAndEquipmentImpairment
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:0px;padding-top:12px;text-indent:0px;font-size:10pt;"><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;font-weight:bold;text-decoration:none;">Long-Lived Assets</font></div><div style="line-height:120%;padding-bottom:0px;padding-top:12px;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:Times New Roman;font-size:10pt;">Long-lived assets include the Company&#8217;s investments in operating and development property and property and equipment. The Company reviews its long-lived assets for impairment quarterly to determine whether events or changes in circumstances indicate that the carrying value of an asset may not be recoverable. As part of the Company&#8217;s review for impairment of its long-lived assets, the Company reviews the long-lived asset&#8217;s carrying value, current period actual financial results as compared to prior period and forecast contained in the Company&#8217;s business plan and any other events or changes in circumstances to identify whether an indicator of potential impairment may exist. Some of the events or changes in circumstances that are considered by the Company as indicators of potential impairment include:</font></div><table cellpadding="0" cellspacing="0" style="padding-top:0px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;padding-left:24px;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:left;font-size:10pt;text-indent:-24px;"><font style="font-family:Times New Roman;font-size:10pt;">a prolonged decrease in the fair value or demand for the Company&#8217;s properties;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:4px;padding-bottom:0px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:Times New Roman;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;padding-left:24px;" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;text-indent:-24px;"><font style="font-family:Times New Roman;font-size:10pt;">a change in the expected use or development plans for the Company&#8217;s properties;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:4px;padding-bottom:0px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:Times New Roman;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;padding-left:24px;" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;text-indent:-24px;"><font style="font-family:Times New Roman;font-size:10pt;">a material change in strategy that would affect the fair value of the Company&#8217;s properties;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:4px;padding-bottom:0px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:Times New Roman;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;padding-left:24px;" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;text-indent:-24px;"><font style="font-family:Times New Roman;font-size:10pt;">continuing operating or cash flow loss for an operating property; </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:4px;padding-bottom:0px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:Times New Roman;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;padding-left:24px;" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;text-indent:-24px;"><font style="font-family:Times New Roman;font-size:10pt;">an accumulation of costs in excess of the projected costs for a development property; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:4px;padding-bottom:0px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:Times New Roman;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;padding-left:24px;" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;text-indent:-24px;"><font style="font-family:Times New Roman;font-size:10pt;">any other adverse change that may affect the fair value of the property.</font></div></td></tr></table><div style="line-height:120%;padding-bottom:0px;padding-top:12px;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:Times New Roman;font-size:10pt;">The Company uses varying methods to determine if an impairment exists, such as (i) considering indicators of potential impairment, (ii) analyzing expected future cash flows and comparing the expected future undiscounted cash flows of the property to its carrying value or (iii)&#160;determining market resale values.</font></div></div>
CY2017Q1 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:0px;padding-top:12px;text-indent:0px;font-size:10pt;"><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;font-weight:bold;text-decoration:none;">Use of Estimates</font></div><div style="line-height:120%;padding-bottom:0px;padding-top:12px;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:Times New Roman;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, liabilities and 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. On an ongoing basis, the Company evaluates its estimates and assumptions including investments in real estate, real estate impairment assessments, investments, other-than-temporary investment impairment assessments, retained interest investments, accruals and deferred income taxes. Actual results could differ from those estimates. </font></div></div>

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