2016 Q4 Form 10-K Financial Statement

#000143774918002879 Filed on February 20, 2018

View on sec.gov

Income Statement

Concept 2016 Q4 2016 Q3 2016 Q2
Revenue $238.0M $231.3M $227.8M
YoY Change 1.74% 2.62% 1.27%
Cost Of Revenue $142.5M $140.4M $135.1M
YoY Change 1.79% 3.92% 2.43%
Gross Profit $92.40M $90.90M $92.70M
YoY Change -1.7% 0.66% -0.32%
Gross Profit Margin 38.82% 39.3% 40.7%
Selling, General & Admin $10.30M $10.30M $10.30M
YoY Change 3.0% 3.0% 3.0%
% of Gross Profit 11.15% 11.33% 11.11%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $10.20M $10.00M $9.400M
YoY Change 5.15% 8.7% 1.08%
% of Gross Profit 11.04% 11.0% 10.14%
Operating Expenses $73.80M $79.30M $77.10M
YoY Change 1.23% 4.48% 0.52%
Operating Profit $17.69M $10.59M $14.64M
YoY Change -12.54% -23.04% -6.78%
Interest Expense $3.900M $1.020M $939.0K
YoY Change -11.36% 71.72% 57.02%
% of Operating Profit 22.05% 9.63% 6.41%
Other Income/Expense, Net $4.876M $5.091M $4.925M
YoY Change -7.05% 11.89% 19.25%
Pretax Income $22.60M $15.68M $19.57M
YoY Change -11.37% -14.36% -1.36%
Income Tax $8.700M $4.571M $7.700M
% Of Pretax Income 38.5% 29.15% 39.35%
Net Earnings $13.86M $11.11M $11.87M
YoY Change -7.43% -11.59% -3.98%
Net Earnings / Revenue 5.82% 4.8% 5.21%
Basic Earnings Per Share $0.92 $0.73 $0.78
Diluted Earnings Per Share $0.91 $0.73 $0.78
COMMON SHARES
Basic Shares Outstanding 15.20M 15.27M
Diluted Shares Outstanding 15.22M 15.29M

Balance Sheet

Concept 2016 Q4 2016 Q3 2016 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $164.3M $166.2M $179.3M
YoY Change 6.41% -8.33% -5.33%
Cash & Equivalents $26.34M $19.21M $37.54M
Short-Term Investments $138.0M $147.0M $141.8M
Other Short-Term Assets $28.50M $30.50M $30.70M
YoY Change -2.73% 4.1% 3.72%
Inventory $7.508M $7.446M $7.137M
Prepaid Expenses
Receivables $82.53M $76.65M $77.23M
Other Receivables $8.000M $6.400M $2.900M
Total Short-Term Assets $290.9M $287.2M $297.3M
YoY Change 4.27% -6.01% -3.51%
LONG-TERM ASSETS
Property, Plant & Equipment $559.6M $557.7M $553.3M
YoY Change 4.4% 5.97% 6.49%
Goodwill $17.60M $17.60M $17.60M
YoY Change 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments $37.20M $36.60M $36.00M
YoY Change -1.33% 4.87% 2.56%
Other Assets $237.0M $243.5M $237.0M
YoY Change 2.88% -2.79% 31.57%
Total Long-Term Assets $796.6M $801.1M $790.3M
YoY Change 3.94% 3.14% 3.24%
TOTAL ASSETS
Total Short-Term Assets $290.9M $287.2M $297.3M
Total Long-Term Assets $796.6M $801.1M $790.3M
Total Assets $1.087B $1.088B $1.088B
YoY Change 4.03% 0.56% 1.3%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $18.60M $17.40M $21.80M
YoY Change -7.46% 8.07% 27.49%
Accrued Expenses $91.80M $78.10M $77.60M
YoY Change -0.65% -9.19% 2.65%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $3.400M $3.400M
YoY Change 6.25% 6.25%
Total Short-Term Liabilities $150.9M $142.8M $140.8M
YoY Change 0.18% -20.97% -17.64%
LONG-TERM LIABILITIES
Long-Term Debt $120.0M $120.0M $120.0M
YoY Change 0.0% 1100.0% 186.4%
Other Long-Term Liabilities $16.30M $16.21M $17.37M
YoY Change 0.05% -3.15% -85.31%
Total Long-Term Liabilities $136.3M $136.2M $137.4M
YoY Change 0.01% 409.44% -14.2%
TOTAL LIABILITIES
Total Short-Term Liabilities $150.9M $142.8M $140.8M
Total Long-Term Liabilities $136.3M $136.2M $137.4M
Total Liabilities $417.8M $279.0M $278.2M
YoY Change 45.61% 34.51% -15.95%
SHAREHOLDERS EQUITY
Retained Earnings $391.9M $384.9M $380.6M
YoY Change 6.5% 7.1%
Common Stock $152.0K $152.0K $153.0K
YoY Change 1.33% 6.29%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $669.6M $670.8M $671.5M
YoY Change
Total Liabilities & Shareholders Equity $1.087B $1.088B $1.088B
YoY Change 4.03% 0.56% 1.3%

Cashflow Statement

Concept 2016 Q4 2016 Q3 2016 Q2
OPERATING ACTIVITIES
Net Income $13.86M $11.11M $11.87M
YoY Change -7.43% -11.59% -3.98%
Depreciation, Depletion And Amortization $10.20M $10.00M $9.400M
YoY Change 5.15% 8.7% 1.08%
Cash From Operating Activities $26.10M $18.40M $22.10M
YoY Change 29.85% -20.35% 39.87%
INVESTING ACTIVITIES
Capital Expenditures -$12.10M -$14.40M -$22.70M
YoY Change -37.63% -10.0% 118.27%
Acquisitions
YoY Change
Other Investing Activities -$12.30M -$5.800M -$2.600M
YoY Change 108.47% 163.64% -48.0%
Cash From Investing Activities -$24.40M -$20.20M -$25.30M
YoY Change -3.94% 11.6% 64.29%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -6.500M -16.00M -6.300M
YoY Change -75.75% 175.86% -10.0%
NET CHANGE
Cash From Operating Activities 26.10M 18.40M 22.10M
Cash From Investing Activities -24.40M -20.20M -25.30M
Cash From Financing Activities -6.500M -16.00M -6.300M
Net Change In Cash -4.800M -17.80M -9.500M
YoY Change -85.05% 2125.0% 43.94%
FREE CASH FLOW
Cash From Operating Activities $26.10M $18.40M $22.10M
Capital Expenditures -$12.10M -$14.40M -$22.70M
Free Cash Flow $38.20M $32.80M $44.80M
YoY Change -3.29% -16.11% 70.99%

Facts In Submission

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CommonStockParOrStatedValuePerShare
0.01
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CommonStockParOrStatedValuePerShare
0.01
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CommonStockSharesAuthorized
45000000
CY2016Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
45000000
CY2017Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
15212133
CY2016Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
15212133
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CommonStockSharesOutstanding
15162938
CY2016Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
15162938
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152000
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57641000
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ComprehensiveIncomeNetOfTax
63242000
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ComprehensiveIncomeNetOfTax
41899000
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ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-523000
CY2016 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
CY2015 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
CY2017 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:justify;"><div style="display: inline; font-style: italic;">Concentration of Credit Risks</div></div> <div style=" font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:justify;">&nbsp;</div> <div style=" font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:justify;text-indent:36pt;"><div style="display: inline; font-family:Times New Roman, Times, serif;font-size:10pt;">Our credit risks primarily relate to cash and cash equivalents, restricted cash and cash equivalents, accounts receivable, marketable securities, restricted marketable securities and notes receivable. Cash and cash equivalents are primarily held in bank accounts and overnight investments. Restricted cash and cash equivalents is primarily invested in commercial paper and certificates of deposit with financial institutions and other interest-bearing accounts. Accounts receivable consist primarily of amounts due from patients (funded through Medicare, Medicaid, other contractual programs and through private payors) and from other health care companies for management, accounting and other services. We perform continual credit evaluations of our clients and maintain allowances for doubtful accounts on these accounts receivable. Marketable securities and restricted marketable securities are held primarily in accounts with brokerage institutions. Notes receivable relate primarily to secured loans with health care facilities (recorded as notes receivable in the consolidated balance sheets) as discussed in Note <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">11.</div> </div></div> <div style=" font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:justify;">&nbsp;</div> <div style=" font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:justify;text-indent:36pt;"><div style="display: inline; font-family:Times New Roman, Times, serif;font-size:10pt;">At any point in time we have funds in our operating accounts and restricted cash accounts that are with <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">third</div> party financial institutions. These balances in the U.S. <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> may </div>exceed the Federal Deposit Insurance Corporation (FDIC) insurance limits. While we monitor the cash balances in our operating accounts, these cash and restricted cash balances could be impacted if the underlying financial institutions fail or could be subject to other adverse conditions in the financial markets. </div></div> <div style=" font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:justify;">&nbsp;</div> <div style=" font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:justify;text-indent:36pt;"><div style="display: inline; font-family:Times New Roman, Times, serif;font-size:10pt;">Our financial instruments, principally our notes receivable, are subject to the possibility of loss of the carrying values as a result of the failure of other parties to perform according to their contractual obligations. We obtain various collateral and other protective rights, and continually monitor these rights in order to reduce such possibilities of loss. We evaluate the need to provide reserves for potential losses on our financial instruments based on management's periodic review of the portfolio on an instrument by instrument basis. See Note <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">11</div> for additional information on the notes receivable.</div></div></div></div>
CY2017Q4 us-gaap Construction In Progress Gross
ConstructionInProgressGross
13637000
CY2016Q4 us-gaap Construction In Progress Gross
ConstructionInProgressGross
53705000
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2887000
CY2016Q4 us-gaap Continuing Care Retirement Communities Advance Fees Obligation For Future Services Amount
ContinuingCareRetirementCommunitiesAdvanceFeesObligationForFutureServicesAmount
3236000
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616757
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912886000
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CostsAndExpenses
866096000
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CostsAndExpenses
839496000
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24012000
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29322000
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25188000
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24673000
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CurrentIncomeTaxExpenseBenefit
32890000
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2150000
CY2016 us-gaap Current State And Local Tax Expense Benefit
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661000
CY2015 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
3568000
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8827000
CY2016Q4 us-gaap Customer Refundable Fees
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9924000
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-6548000
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4208000
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-532000
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4791000
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3362000
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227000
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788000
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747000
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1262000
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607000
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387000
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5301000
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8642000
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5556000
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8907000
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1304000
CY2016Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
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2077000
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1288000
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2277000
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18376000
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22072000
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1337000
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1481000
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18376000
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22072000
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2078000
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3135000
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4867000
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5244000
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42652000
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39023000
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37114000
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42652000
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39023000
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37114000
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22252000
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26617000
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28716000
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7297000
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6818000
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CY2016 us-gaap Dividends Preferred Stock
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CY2015 us-gaap Dividends Preferred Stock
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6819000
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0.75
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1.41
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0.78
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0.92
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3.70
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3.34
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3.34
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0.70
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0.75
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0.73
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0.91
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3.69
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3.32
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3.20
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P4Y
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23321000
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21973000
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23213000
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24928000
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24787000
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26334000
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7970000
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7118000
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9177000
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9589000
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10515000
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10896000
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11091000
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52836000
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52105000
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29300000
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262000
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816000
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566000
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85274000
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6932000
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6636000
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5845000
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205000
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IncomeTaxExaminationPenaltiesAndInterestExpense
740000
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IncomeTaxExpenseBenefit
18867000
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IncomeTaxExpenseBenefit
29669000
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IncomeTaxExpenseBenefit
32131000
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28072000
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29846000
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204000
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CY2017 us-gaap Income Tax Reconciliation Nondeductible Expense
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230000
CY2016 us-gaap Income Tax Reconciliation Nondeductible Expense
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156000
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IncomeTaxReconciliationNondeductibleExpense
351000
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CY2016 us-gaap Income Tax Reconciliation Other Reconciling Items
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283000
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IncomeTaxReconciliationOtherReconcilingItems
-372000
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2647000
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1783000
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1767000
us-gaap Income Tax Reconciliation Tax Contingencies
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1753000
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613000
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716000
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IncomeTaxReconciliationTaxContingencies
2674000
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23550000
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27668000
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29183000
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5465000
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4665000
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-2615000
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-1535000
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4251000
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9492000
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2285000
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4500000
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8000
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3070000
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-4541000
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36339000
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37242000
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Land
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Land
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OperatingIncomeLoss
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25795000
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6819000
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262000
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816000
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566000
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3278000
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8303000
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6397000
CY2016Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
3125000
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RestrictedCashAndCashEquivalentsNoncurrent
1906000
CY2016Q4 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
2129000
CY2017Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
419423000
CY2016Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
391934000
CY2017 us-gaap Revenue Recognition Deferred Revenue
RevenueRecognitionDeferredRevenue
<div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:justify;"><div style="display: inline; font-style: italic;">Deferred Revenue </div></div> <div style=" font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:justify;">&nbsp;</div> <div style=" font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:justify;text-indent:36pt;"><div style="display: inline; font-family:Times New Roman, Times, serif;font-size:10pt;">Deferred revenue includes the deferred gain on the sale of assets to National (as discussed in Note <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2</div>) and entrance fees that have been and are currently being received upon reservation and occupancy in the independent living centers we operate. The non&#x2013;refundable portion (<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">10%</div>) of the entrance fee is included in deferred revenue and is being recognized over the remaining life expectancies of the residents.</div></div></div></div>
CY2017 us-gaap Share Based Compensation
ShareBasedCompensation
1678000
CY2016 us-gaap Share Based Compensation
ShareBasedCompensation
509000
CY2015 us-gaap Share Based Compensation
ShareBasedCompensation
1982000
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.031
CY2017 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
48995
CY2015 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
CY2015 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
10634000
CY2016 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
10772000
CY2017Q4 us-gaap Self Insurance Reserve
SelfInsuranceReserve
93275000
CY2016Q4 us-gaap Self Insurance Reserve
SelfInsuranceReserve
91162000
CY2017Q4 us-gaap Self Insurance Reserve Current
SelfInsuranceReserveCurrent
27409000
CY2016Q4 us-gaap Self Insurance Reserve Current
SelfInsuranceReserveCurrent
25898000
CY2017Q4 us-gaap Self Insurance Reserve Noncurrent
SelfInsuranceReserveNoncurrent
65866000
CY2016Q4 us-gaap Self Insurance Reserve Noncurrent
SelfInsuranceReserveNoncurrent
65264000
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0071
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
15000
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
46.69
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.0309
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.0273
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.166
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.158
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.165
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0208
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0089
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
191907
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
61.63
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
933000
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
7431000
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
5447000
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
656
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
72.94
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
56210
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
56291
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
1125443
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
568000
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
954678
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
621390
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
177959
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1239407
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
46.92
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
48.15
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
55.48
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
71.19
CY2015 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
47.06
CY2016 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
47.16
CY2017 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
51.25
CY2015 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
61.47
CY2016 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
62.54
CY2017 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
72.96
CY2017 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Lower Range Limit
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeLowerRangeLimit
CY2017Q4 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Outstanding Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions
1239407
CY2017 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Upper Range Limit
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeUpperRangeLimit
CY2017 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P4Y292D
CY2016 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P2Y73D
CY2015 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P2Y73D
CY2017Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
568000
CY2017Q4 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Exercise Price Beginning Balance1
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageExercisePriceBeginningBalance1
71.19
CY2017 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageRemainingContractualTerm2
P3Y328D
CY2017Q4 us-gaap Significant Change In Unrecognized Tax Benefits Is Reasonably Possible Amount Of Unrecorded Benefit
SignificantChangeInUnrecognizedTaxBenefitsIsReasonablyPossibleAmountOfUnrecordedBenefit
2645000
CY2015 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
389498
CY2016 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
499066
CY2017Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
703432000
CY2017 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
2524000
CY2015 us-gaap Stock Redeemed Or Called During Period Value
StockRedeemedOrCalledDuringPeriodValue
130538000
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
702738000
CY2016Q4 us-gaap Stockholders Equity
StockholdersEquity
669611000
CY2014Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
734148000
CY2015Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
630996000
CY2016Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
669611000
CY2016 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
8195000
CY2017Q4 us-gaap Unbilled Receivables Current
UnbilledReceivablesCurrent
21384000
CY2016Q4 us-gaap Unbilled Receivables Current
UnbilledReceivablesCurrent
21296000
CY2017 us-gaap Unrecognized Tax Benefits Period Increase Decrease
UnrecognizedTaxBenefitsPeriodIncreaseDecrease
-2508000
CY2017 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
1753000
CY2016 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
1368000
CY2015 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
2141000
CY2017 us-gaap Use Of Estimates
UseOfEstimates
<div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:justify;"><div style="display: inline; font-style: italic;">Use of Estimates</div></div> <div style=" font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:justify;">&nbsp;</div> <div style=" font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:justify;text-indent:36pt;"><div style="display: inline; font-family:Times New Roman, Times, serif;font-size:10pt;">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates and could cause our reported net income to vary significantly from period to period.</div></div></div></div>
CY2017 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
15218962
CY2016 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
15206997
CY2015 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
14491433
CY2017 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
15189920
CY2016 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
15134518
CY2015 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
13889134

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