2017 Q3 Form 10-Q Financial Statement

#000162828017011183 Filed on November 08, 2017

View on sec.gov

Income Statement

Concept 2017 Q3 2016 Q3
Revenue $818.6M $770.8M
YoY Change 6.2% -21.77%
Cost Of Revenue $728.7M $864.2M
YoY Change -15.67% -4.59%
Gross Profit $89.86M -$93.37M
YoY Change -196.24% -217.3%
Gross Profit Margin 10.98% -12.11%
Selling, General & Admin $65.00M $53.20M
YoY Change 22.18% 14.9%
% of Gross Profit 72.34%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $67.90M $66.80M
YoY Change 1.65% -4.84%
% of Gross Profit 75.56%
Operating Expenses $65.00M $53.20M
YoY Change 22.18% 14.9%
Operating Profit $24.86M $54.88M
YoY Change -54.7% 64.79%
Interest Expense $69.10M $104.8M
YoY Change -34.05% -166.53%
% of Operating Profit 277.97% 190.94%
Other Income/Expense, Net -$778.0K $353.0K
YoY Change -320.4% 253.0%
Pretax Income -$54.65M $77.83M
YoY Change -170.22% -162.51%
Income Tax $12.53M -$3.105M
% Of Pretax Income -3.99%
Net Earnings -$97.96M $86.32M
YoY Change -213.49% -167.12%
Net Earnings / Revenue -11.97% 11.2%
Basic Earnings Per Share -$1.02 $0.66
Diluted Earnings Per Share -$1.02 $0.66
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding 178.9M shares 134.2M shares

Balance Sheet

Concept 2017 Q3 2016 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $505.0M $481.5M
YoY Change 4.88%
Cash & Equivalents $299.0M $481.5M
Short-Term Investments
Other Short-Term Assets $962.7M $380.5M
YoY Change 153.01%
Inventory
Prepaid Expenses $104.4M
Receivables $571.8M $577.2M
Other Receivables $87.20M $55.30M
Total Short-Term Assets $1.560B $1.495B
YoY Change 4.38%
LONG-TERM ASSETS
Property, Plant & Equipment $2.030B $2.178B
YoY Change -6.77%
Goodwill $2.028B
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $209.6M $339.3M
YoY Change -38.21%
Total Long-Term Assets $6.223B $6.014B
YoY Change 3.47%
TOTAL ASSETS
Total Short-Term Assets $1.560B $1.495B
Total Long-Term Assets $6.223B $6.014B
Total Assets $7.783B $7.509B
YoY Change 3.65%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $88.12M $86.90M
YoY Change 1.41%
Accrued Expenses $367.6M $612.9M
YoY Change -40.03%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $214.7M $296.3M
YoY Change -27.54%
Total Short-Term Liabilities $1.895B $1.917B
YoY Change -1.13%
LONG-TERM LIABILITIES
Long-Term Debt $3.025B $3.946B
YoY Change -23.35%
Other Long-Term Liabilities $246.5M $457.9M
YoY Change -46.16%
Total Long-Term Liabilities $3.915B $4.404B
YoY Change -11.1%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.895B $1.917B
Total Long-Term Liabilities $3.915B $4.404B
Total Liabilities $5.883B $6.857B
YoY Change -14.2%
SHAREHOLDERS EQUITY
Retained Earnings -$1.142B
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.552B $651.5M
YoY Change
Total Liabilities & Shareholders Equity $7.783B $7.509B
YoY Change 3.65%

Cashflow Statement

Concept 2017 Q3 2016 Q3
OPERATING ACTIVITIES
Net Income -$97.96M $86.32M
YoY Change -213.49% -167.12%
Depreciation, Depletion And Amortization $67.90M $66.80M
YoY Change 1.65% -4.84%
Cash From Operating Activities $349.4M $259.4M
YoY Change 34.7% -12.98%
INVESTING ACTIVITIES
Capital Expenditures -$47.80M -$46.70M
YoY Change 2.36% -38.06%
Acquisitions
YoY Change
Other Investing Activities -$2.700M $212.6M
YoY Change -101.27% -10730.0%
Cash From Investing Activities -$50.60M $166.0M
YoY Change -130.48% -314.47%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -199.8M -321.4M
YoY Change -37.83% -720.46%
NET CHANGE
Cash From Operating Activities 349.4M 259.4M
Cash From Investing Activities -50.60M 166.0M
Cash From Financing Activities -199.8M -321.4M
Net Change In Cash 99.00M 104.0M
YoY Change -4.81% -61.83%
FREE CASH FLOW
Cash From Operating Activities $349.4M $259.4M
Capital Expenditures -$47.80M -$46.70M
Free Cash Flow $397.2M $306.1M
YoY Change 29.76% -18.05%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
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dei Document Fiscal Year Focus
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dei Document Period End Date
DocumentPeriodEndDate
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dei Document Type
DocumentType
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dei Entity Central Index Key
EntityCentralIndexKey
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dei Entity Filer Category
EntityFilerCategory
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dei Entity Registrant Name
EntityRegistrantName
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9175000 USD
CY2017Q3 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
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us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
46000 USD
us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
36000 USD
us-gaap Financing Receivable Allowance For Credit Losses Write Offs
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3629000 USD
us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
3128000 USD
us-gaap Financing Receivable Modifications Number Of Contracts2
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559 loan
us-gaap Financing Receivable Modifications Number Of Contracts2
FinancingReceivableModificationsNumberOfContracts2
355 loan
us-gaap Financing Receivable Modifications Post Modification Recorded Investment2
FinancingReceivableModificationsPostModificationRecordedInvestment2
5986000 USD
us-gaap Financing Receivable Modifications Post Modification Recorded Investment2
FinancingReceivableModificationsPostModificationRecordedInvestment2
1655000 USD
us-gaap Financing Receivable Modifications Pre Modification Recorded Investment2
FinancingReceivableModificationsPreModificationRecordedInvestment2
8615000 USD
us-gaap Financing Receivable Modifications Pre Modification Recorded Investment2
FinancingReceivableModificationsPreModificationRecordedInvestment2
1838000 USD
us-gaap Financing Receivable Modifications Subsequent Default Number Of Contracts1
FinancingReceivableModificationsSubsequentDefaultNumberOfContracts1
355 loan
us-gaap Financing Receivable Modifications Subsequent Default Number Of Contracts1
FinancingReceivableModificationsSubsequentDefaultNumberOfContracts1
156 loan
us-gaap Financing Receivable Modifications Subsequent Default Recorded Investment1
FinancingReceivableModificationsSubsequentDefaultRecordedInvestment1
1089000 USD
us-gaap Financing Receivable Modifications Subsequent Default Recorded Investment1
FinancingReceivableModificationsSubsequentDefaultRecordedInvestment1
721000 USD
CY2016Q4 us-gaap Financing Receivable Recorded Investment Current
FinancingReceivableRecordedInvestmentCurrent
14850000 USD
CY2017Q3 us-gaap Financing Receivable Recorded Investment Current
FinancingReceivableRecordedInvestmentCurrent
19067000 USD
CY2016Q4 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
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CY2017Q3 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
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26329000 USD
us-gaap Foreign Currency Transaction Gain Loss Before Tax
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80263000 USD
CY2017Q3 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
7327000 USD
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
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73641000 USD
us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
-4852000 USD
CY2016Q3 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
516000 USD
us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
-8235000 USD
CY2017Q3 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
-19930000 USD
us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
19187000 USD
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
398499000 USD
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
-3050000 USD
CY2016Q3 us-gaap Gains Losses On Extinguishment Of Debt
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-15682000 USD
us-gaap Gains Losses On Extinguishment Of Debt
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-17363000 USD
CY2017Q3 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-8425000 USD
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53150000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
158566000 USD
CY2017Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
64999000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
221909000 USD
CY2016Q4 us-gaap Goodwill
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CY2017Q3 us-gaap Goodwill
Goodwill
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us-gaap Goodwill Acquired During Period
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3099000 USD
us-gaap Goodwill Foreign Currency Translation Gain Loss
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123541000 USD
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GoodwillGross
2094359000 USD
CY2016Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
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159895000 USD
us-gaap Goodwill Purchase Accounting Adjustments
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0 USD
us-gaap Goodwill Transfers
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-32330000 USD
us-gaap Goodwill Written Off Related To Sale Of Business Unit
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488000 USD
CY2016Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
77825000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
362948000 USD
us-gaap Increase Decrease In Restricted Cash For Operating Activities
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1743000 USD
CY2017Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-89631000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-77953000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
20000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
1000 USD
CY2016Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
35246000 USD
CY2017Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
13859000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
28793000 USD
CY2016Q4 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
29447000 USD
CY2017Q3 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
59866000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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-10655000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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14624000 USD
us-gaap Increase Decrease In Deferred Revenue And Customer Advances And Deposits
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395171000 USD
us-gaap Increase Decrease In Deferred Revenue And Customer Advances And Deposits
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435173000 USD
us-gaap Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
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-23550000 USD
us-gaap Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
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-19815000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
28236000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
69843000 USD
us-gaap Increase Decrease In Receivables
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350078000 USD
us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
344661000 USD
us-gaap Increase Decrease In Restricted Cash And Investments
IncreaseDecreaseInRestrictedCashAndInvestments
12032000 USD
us-gaap Increase Decrease In Restricted Cash And Investments
IncreaseDecreaseInRestrictedCashAndInvestments
3921000 USD
us-gaap Increase Decrease In Restricted Cash For Operating Activities
IncreaseDecreaseInRestrictedCashForOperatingActivities
6826000 USD
CY2016Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
1307633000 USD
CY2017Q3 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
1330302000 USD
CY2016Q3 us-gaap Interest Expense
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104781000 USD
us-gaap Interest Expense
InterestExpense
314383000 USD
CY2017Q3 us-gaap Interest Expense
InterestExpense
76454000 USD
us-gaap Interest Expense
InterestExpense
278049000 USD
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3437000 USD
us-gaap Investment Income Net
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13305000 USD
CY2017Q3 us-gaap Investment Income Net
InvestmentIncomeNet
5840000 USD
us-gaap Investment Income Net
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14994000 USD
CY2016Q4 us-gaap Land
Land
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CY2017Q3 us-gaap Land
Land
376000000 USD
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399555000 USD
CY2017Q3 us-gaap Leasehold Improvements Gross
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440134000 USD
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6041245000 USD
CY2017Q3 us-gaap Liabilities
Liabilities
5883427000 USD
CY2016Q4 us-gaap Liabilities And Stockholders Equity
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CY2017Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
7782564000 USD
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1440232000 USD
CY2017Q3 us-gaap Liabilities Current
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1894979000 USD
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CY2017Q3 us-gaap Liabilities Noncurrent
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CY2016Q4 us-gaap Liabilities Of Disposal Group Including Discontinued Operation Current
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent
0 USD
CY2017Q3 us-gaap Liabilities Of Disposal Group Including Discontinued Operation Current
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent
158280000 USD
CY2016Q4 us-gaap Liabilities Of Disposal Group Including Discontinued Operation Noncurrent
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationNoncurrent
0 USD
CY2017Q3 us-gaap Liabilities Of Disposal Group Including Discontinued Operation Noncurrent
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationNoncurrent
73199000 USD
CY2016Q4 us-gaap Long Term Debt And Capital Lease Obligations
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3629375000 USD
CY2017Q3 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
3024560000 USD
CY2016Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
178989000 USD
CY2017Q3 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
185848000 USD
CY2016Q4 us-gaap Long Term Debt Noncurrent
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3629375000 USD
CY2017Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
3024560000 USD
CY2016Q4 us-gaap Minority Interest
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CY2017Q3 us-gaap Minority Interest
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30551000 USD
us-gaap Minority Interest Decrease From Redemptions
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834000 USD
us-gaap Net Cash Provided By Used In Discontinued Operations
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us-gaap Net Cash Provided By Used In Discontinued Operations
NetCashProvidedByUsedInDiscontinuedOperations
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us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
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us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
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53819000 USD
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
392330000 USD
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
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us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
195970000 USD
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
144783000 USD
CY2016Q3 us-gaap Net Income Loss
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us-gaap Net Income Loss
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CY2017Q3 us-gaap Net Income Loss
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us-gaap Net Income Loss
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CY2016Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
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us-gaap Net Income Loss Attributable To Noncontrolling Interest
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CY2017Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
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us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
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CY2016Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
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88477000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
333772000 USD
CY2017Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
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us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2016Q4 us-gaap Notes And Loans Receivable Net Noncurrent
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CY2017Q3 us-gaap Notes And Loans Receivable Net Noncurrent
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CY2016Q4 us-gaap Notes Payable Related Parties Classified Current
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CY2017Q3 us-gaap Notes Payable Related Parties Classified Current
NotesPayableRelatedPartiesClassifiedCurrent
28881000 USD
CY2016Q4 us-gaap Notes Payable Related Parties Current And Noncurrent
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210948000 USD
CY2017Q3 us-gaap Notes Payable Related Parties Current And Noncurrent
NotesPayableRelatedPartiesCurrentAndNoncurrent
81175000 USD
CY2016Q4 us-gaap Notes Payable Related Parties Noncurrent
NotesPayableRelatedPartiesNoncurrent
92269000 USD
CY2017Q3 us-gaap Notes Payable Related Parties Noncurrent
NotesPayableRelatedPartiesNoncurrent
52294000 USD
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NotesReceivableGross
29776000 USD
CY2017Q3 us-gaap Notes Receivable Gross
NotesReceivableGross
36501000 USD
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20601000 USD
CY2017Q3 us-gaap Notes Receivable Net
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CY2017Q3 us-gaap Other Assets Current
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CY2017Q3 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
6 segment
us-gaap Number Of Operating Segments
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6 segment
CY2016Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
12502000 USD
us-gaap Operating Income Loss
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CY2017Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
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us-gaap Operating Income Loss
OperatingIncomeLoss
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CY2017Q3 us-gaap Other Assets Noncurrent
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CY2016Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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CY2017Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
64742000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
196593000 USD
CY2016Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
0 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
0 USD
CY2017Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
0 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
0 USD
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OtherComprehensiveIncomeLossNetOfTax
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us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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CY2017Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
65267000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
203218000 USD
CY2016Q3 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Reclassification Adjustments Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeReclassificationAdjustmentsNetOfTax
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us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Reclassification Adjustments Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeReclassificationAdjustmentsNetOfTax
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CY2017Q3 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Reclassification Adjustments Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeReclassificationAdjustmentsNetOfTax
0 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Reclassification Adjustments Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeReclassificationAdjustmentsNetOfTax
0 USD
CY2016Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansTax
0 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansTax
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CY2017Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansTax
0 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansTax
0 USD
CY2016Q3 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
2386000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
5509000 USD
CY2017Q3 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
525000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
6625000 USD
CY2016Q3 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
0 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
0 USD
CY2017Q3 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
0 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
0 USD
CY2016Q4 us-gaap Other Liabilities Current
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CY2017Q3 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
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CY2017Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
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us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
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us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
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CY2016Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
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us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
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CY2017Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
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us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
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CY2016Q3 us-gaap Other Preferred Stock Dividends And Adjustments
OtherPreferredStockDividendsAndAdjustments
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us-gaap Other Preferred Stock Dividends And Adjustments
OtherPreferredStockDividendsAndAdjustments
201000 USD
CY2017Q3 us-gaap Other Preferred Stock Dividends And Adjustments
OtherPreferredStockDividendsAndAdjustments
0 USD
us-gaap Other Preferred Stock Dividends And Adjustments
OtherPreferredStockDividendsAndAdjustments
6357000 USD
CY2016Q4 us-gaap Other Receivables
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23758000 USD
CY2017Q3 us-gaap Other Receivables
OtherReceivables
22446000 USD
CY2016Q3 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
22000 USD
us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
104000 USD
CY2017Q3 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
0 USD
us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
0 USD
us-gaap Payments For Derivative Instrument Investing Activities
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5663000 USD
us-gaap Payments For Derivative Instrument Investing Activities
PaymentsForDerivativeInstrumentInvestingActivities
0 USD
us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
550000 USD
us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
5252000 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
10593000 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
11298000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
1346000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
1725000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
835000 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
132904000 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
134629000 USD
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
25665000 USD
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
0 USD
CY2016Q3 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
-2160000 USD
us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
-3233000 USD
CY2017Q3 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
84060000 USD
us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
192141000 USD
CY2016Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2017Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2016Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
49488000 shares
CY2017Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
49488000 shares
CY2016Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2017Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2016Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2017Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2016Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2017Q3 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2016Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
97234000 USD
CY2017Q3 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
104376000 USD
us-gaap Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
1431000 USD
us-gaap Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
370000 USD
us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
0 USD
us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
456359000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
513014000 USD
us-gaap Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
-93813000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
0 USD
CY2016Q3 us-gaap Profit Loss
ProfitLoss
80930000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
2349673000 USD
us-gaap Proceeds From Issuance Of Redeemable Convertible Preferred Stock
ProceedsFromIssuanceOfRedeemableConvertiblePreferredStock
0 USD
us-gaap Proceeds From Issuance Of Redeemable Convertible Preferred Stock
ProceedsFromIssuanceOfRedeemableConvertiblePreferredStock
55290000 USD
us-gaap Proceeds From Payments For Long Term Loans For Related Parties
ProceedsFromPaymentsForLongTermLoansForRelatedParties
1634000 USD
us-gaap Proceeds From Payments For Long Term Loans For Related Parties
ProceedsFromPaymentsForLongTermLoansForRelatedParties
349000 USD
us-gaap Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
-9574000 USD
us-gaap Proceeds From Sales Of Business Affiliate And Productive Assets
ProceedsFromSalesOfBusinessAffiliateAndProductiveAssets
553860000 USD
us-gaap Proceeds From Sales Of Business Affiliate And Productive Assets
ProceedsFromSalesOfBusinessAffiliateAndProductiveAssets
1180000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
252000 USD
us-gaap Profit Loss
ProfitLoss
327722000 USD
CY2017Q3 us-gaap Profit Loss
ProfitLoss
-103490000 USD
us-gaap Profit Loss
ProfitLoss
-106745000 USD
CY2016Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2151633000 USD
CY2017Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2030234000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
76141000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
88677000 USD
us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
-1971000 USD
us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
-1996000 USD
CY2016Q4 us-gaap Receivables Net Current
ReceivablesNetCurrent
334836000 USD
CY2017Q3 us-gaap Receivables Net Current
ReceivablesNetCurrent
599147000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
1037591000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
2695511000 USD
CY2016Q4 us-gaap Restricted Cash And Investments Current
RestrictedCashAndInvestmentsCurrent
189319000 USD
CY2017Q3 us-gaap Restricted Cash And Investments Current
RestrictedCashAndInvestmentsCurrent
199300000 USD
CY2016Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-1037701000 USD
CY2017Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-1142081000 USD
CY2016Q3 us-gaap Revenues
Revenues
929855000 USD
us-gaap Revenues
Revenues
3068299000 USD
CY2017Q3 us-gaap Revenues
Revenues
983394000 USD
us-gaap Revenues
Revenues
3116766000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
28939000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
43969000 USD
us-gaap Stock Issued During Period Value Conversion Of Convertible Securities Net Of Adjustments
StockIssuedDuringPeriodValueConversionOfConvertibleSecuritiesNetOfAdjustments
0 USD
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
456359000 USD
us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
-1725000 USD
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
245747000 USD
CY2016Q4 us-gaap Stockholders Equity
StockholdersEquity
632210000 USD
CY2017Q3 us-gaap Stockholders Equity
StockholdersEquity
1551678000 USD
CY2016Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
664392000 USD
CY2017Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1582229000 USD
CY2017Q1 us-gaap Stockholders Equity Note Stock Split Conversion Ratio1
StockholdersEquityNoteStockSplitConversionRatio1
0.25
CY2016Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
134229000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
134217000 shares
CY2017Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
178871000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
167261000 shares
CY2016Q3 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
133303000 shares
us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
133291000 shares
CY2017Q3 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
178871000 shares
us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
167261000 shares
us-gaap Financing Receivable Allowance For Credit Losses Policy For Uncollectible Amounts
FinancingReceivableAllowanceForCreditLossesPolicyForUncollectibleAmounts
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Delinquency is the primary indicator of credit quality for our financing receivables. Receivable balances are considered delinquent when contractual payments on the loan become past due. Delinquent financing receivables are placed on non-accrual status for interest income. The accrual of interest is resumed when the financing receivable becomes contractually current and when collection of all remaining amounts due is reasonably assured. We record an Allowance for doubtful accounts to reduce our financing receivables to their net realizable value. The Allowance for doubtful accounts is based on the age of the receivables, the status of past-due amounts, historical collection trends, current economic conditions, and student enrollment status. Each of our institutions evaluates its balances for potential impairment. We consider impaired loans to be those that are past due one year or greater, and those that are modified as a troubled debt restructuring (TDR).</font></div></div>

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