2017 Q1 Form 10-Q Financial Statement

#000087786017000051 Filed on May 09, 2017

View on sec.gov

Income Statement

Concept 2017 Q1 2016 Q1 2015 Q4
Revenue $66.39M $59.02M $58.64M
YoY Change 12.49% 5.86% 28.22%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $4.430M $3.340M $3.270M
YoY Change 32.63% -20.1% 59.51%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $16.14M $13.73M $13.70M
YoY Change 17.56% 5.64% 41.24%
% of Gross Profit
Operating Expenses $32.24M $27.33M $16.93M
YoY Change 17.94% 6.77% 43.96%
Operating Profit $34.14M $31.69M
YoY Change 7.75%
Interest Expense $11.66M $10.26M $12.37M
YoY Change 13.63% 21.99% -310.37%
% of Operating Profit 34.15% 32.39%
Other Income/Expense, Net $160.0K $710.0K
YoY Change 77.78%
Pretax Income $44.23M $31.69M $54.79M
YoY Change 39.59% 5.09% 94.98%
Income Tax
% Of Pretax Income
Net Earnings $44.23M $32.73M $54.40M
YoY Change 35.16% 10.25% 97.58%
Net Earnings / Revenue 66.62% 55.45% 92.76%
Basic Earnings Per Share $1.11 $0.85 $1.44
Diluted Earnings Per Share $1.10 $0.85 $1.44
COMMON SHARES
Basic Shares Outstanding 39.95M shares 38.40M shares 37.73M shares
Diluted Shares Outstanding 40.11M shares 38.41M shares 37.74M shares

Balance Sheet

Concept 2017 Q1 2016 Q1 2015 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $5.700M $4.197M $24.84M
YoY Change 35.81% -0.07% 33.56%
Cash & Equivalents $5.685M $4.197M $13.09M
Short-Term Investments $0.00 $11.75M
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $2.700M $4.000M $3.260M
Other Receivables $77.00M $65.00M $59.70M
Total Short-Term Assets $85.40M $97.80M $76.30M
YoY Change -12.68% 102.07% 80.38%
LONG-TERM ASSETS
Property, Plant & Equipment $2.268B $1.841B $1.837B
YoY Change 23.2% 4.15% 3.39%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $7.254M $7.657M
YoY Change -88.61% -18.75%
Other Assets $4.100M $3.800M $6.000M
YoY Change 7.89% -85.27% -76.92%
Total Long-Term Assets $2.431B $2.061B $2.057B
YoY Change 17.91% 4.57% 5.99%
TOTAL ASSETS
Total Short-Term Assets $85.40M $97.80M $76.30M
Total Long-Term Assets $2.431B $2.061B $2.057B
Total Assets $2.516B $2.159B $2.133B
YoY Change 16.52% 6.91% 7.58%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $21.60M $24.80M $19.40M
YoY Change -12.9% 67.57% 23.57%
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 $83.00M $80.60M $73.30M
YoY Change 2.98% 18.53% 10.73%
LONG-TERM LIABILITIES
Long-Term Debt $1.146B $937.1M $914.4M
YoY Change 22.26% 4.19% 5.99%
Other Long-Term Liabilities $1.800M $3.000M
YoY Change -68.97% -26.83%
Total Long-Term Liabilities $1.146B $938.9M $917.4M
YoY Change 22.03% 3.72% 5.84%
TOTAL LIABILITIES
Total Short-Term Liabilities $83.00M $80.60M $73.30M
Total Long-Term Liabilities $1.146B $938.9M $917.4M
Total Liabilities $1.229B $1.020B $990.8M
YoY Change 20.51% 3.7% 6.19%
SHAREHOLDERS EQUITY
Retained Earnings $19.86M
YoY Change
Common Stock $1.255B $1.086B $1.086B
YoY Change 15.55% 4.96%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.287B $1.131B $1.133B
YoY Change
Total Liabilities & Shareholders Equity $2.516B $2.159B $2.133B
YoY Change 16.52% 6.91% 7.58%

Cashflow Statement

Concept 2017 Q1 2016 Q1 2015 Q4
OPERATING ACTIVITIES
Net Income $44.23M $32.73M $54.40M
YoY Change 35.16% 10.25% 97.58%
Depreciation, Depletion And Amortization $16.14M $13.73M $13.70M
YoY Change 17.56% 5.64% 41.24%
Cash From Operating Activities $48.68M $41.30M $43.60M
YoY Change 17.87% 7.09% 32.52%
INVESTING ACTIVITIES
Capital Expenditures -$118.0M -$9.500M -$2.200M
YoY Change 1142.11% 196.88% -99.55%
Acquisitions
YoY Change
Other Investing Activities -$2.400M -$4.800M $24.70M
YoY Change -50.0% -87.94% -374.44%
Cash From Investing Activities -$120.4M -$14.30M $22.40M
YoY Change 742.5% -66.8% -104.54%
FINANCING ACTIVITIES
Cash Dividend Paid $35.86M $32.64M
YoY Change 9.88% 13.07%
Common Stock Issuance & Retirement, Net $79.80M $0.00
YoY Change
Debt Paid & Issued, Net $196.0K $189.0K
YoY Change 3.7% 3.28%
Cash From Financing Activities $72.62M -$11.48M -67.00M
YoY Change -732.65% -312.57% -114.55%
NET CHANGE
Cash From Operating Activities $48.68M $41.30M 43.60M
Cash From Investing Activities -$120.4M -$14.30M 22.40M
Cash From Financing Activities $72.62M -$11.48M -67.00M
Net Change In Cash $853.0K $15.52M -1.000M
YoY Change -94.5% 1618.94% 233.33%
FREE CASH FLOW
Cash From Operating Activities $48.68M $41.30M $43.60M
Capital Expenditures -$118.0M -$9.500M -$2.200M
Free Cash Flow $166.7M $50.80M $45.80M
YoY Change 228.12% 21.63% -91.15%

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LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearFour
437885000 USD
CY2017Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Rolling Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearThree
856000 USD
CY2017Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Rolling Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearTwo
828000 USD
CY2015Q4 us-gaap Marketable Securities
MarketableSecurities
11745000 USD
CY2016Q1 us-gaap Marketable Securities
MarketableSecurities
0 USD
CY2016Q1 us-gaap Marketable Securities Realized Gain Loss
MarketableSecuritiesRealizedGainLoss
11000 USD
CY2017Q1 us-gaap Marketable Securities Realized Gain Loss
MarketableSecuritiesRealizedGainLoss
10038000 USD
CY2016Q1 us-gaap Marketable Securities Realized Gain Loss Excluding Other Than Temporary Impairments
MarketableSecuritiesRealizedGainLossExcludingOtherThanTemporaryImpairments
11000 USD
CY2017Q1 us-gaap Marketable Securities Realized Gain Loss Excluding Other Than Temporary Impairments
MarketableSecuritiesRealizedGainLossExcludingOtherThanTemporaryImpairments
10038000 USD
CY2016Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-11479000 USD
CY2017Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
72622000 USD
CY2016Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-14296000 USD
CY2017Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-120444000 USD
CY2016Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
41297000 USD
CY2017Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
48675000 USD
CY2016Q1 us-gaap Net Income Loss
NetIncomeLoss
32725000 USD
CY2017Q1 us-gaap Net Income Loss
NetIncomeLoss
44230000 USD
CY2016Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
384000 USD
CY2017Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0 USD
CY2016Q1 us-gaap Noncash Or Part Noncash Acquisition Value Of Liabilities Assumed1
NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1
450000 USD
CY2017Q1 us-gaap Noncash Or Part Noncash Acquisition Value Of Liabilities Assumed1
NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1
824000 USD
CY2017Q1 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
206 properties
CY2017Q1 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
32
CY2016Q1 us-gaap Operating Expenses
OperatingExpenses
27333000 USD
CY2017Q1 us-gaap Operating Expenses
OperatingExpenses
32246000 USD
CY2016Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
31685000 USD
CY2017Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
34142000 USD
CY2016Q1 us-gaap Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
55074000 USD
CY2017Q1 us-gaap Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
63137000 USD
CY2015Q4 us-gaap Other Assets
OtherAssets
33016000 USD
CY2016Q1 us-gaap Other Assets
OtherAssets
15021000 USD
CY2016Q4 us-gaap Other Assets
OtherAssets
33016000 USD
CY2017Q1 us-gaap Other Assets
OtherAssets
15021000 USD
CY2016Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-1642000 USD
CY2017Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-8810000 USD
CY2016Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
0 USD
CY2016Q1 us-gaap Payments To Acquire Mortgage Notes Receivable
PaymentsToAcquireMortgageNotesReceivable
20774000 USD
CY2017Q1 us-gaap Payments To Acquire Mortgage Notes Receivable
PaymentsToAcquireMortgageNotesReceivable
28338000 USD
CY2017Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
10038000 USD
CY2016Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
-1013000 USD
CY2017Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
-789000 USD
CY2016Q1 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-5480000 USD
CY2017Q1 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
465000 USD
CY2016Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
2825000 USD
CY2017Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-26000 USD
CY2016Q1 us-gaap Other Noncash Income
OtherNoncashIncome
150000 USD
CY2017Q1 us-gaap Other Noncash Income
OtherNoncashIncome
271000 USD
CY2016Q1 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
1665000 USD
CY2017Q1 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
10088000 USD
CY2016Q1 us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
453000 USD
CY2017Q1 us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
994000 USD
CY2016Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
32637000 USD
CY2017Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
35863000 USD
CY2016Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
218000 USD
CY2017Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
116000 USD
CY2016Q1 us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
9463000 USD
CY2017Q1 us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
118011000 USD
CY2016Q1 us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
7640000 USD
CY2017Q1 us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
3842000 USD
CY2016Q1 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
435000 USD
CY2017Q1 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
0 USD
CY2017Q1 us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
200000000 USD
CY2016Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 USD
CY2017Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
79797000 USD
CY2016Q1 us-gaap Proceeds From Real Estate And Real Estate Joint Ventures
ProceedsFromRealEstateAndRealEstateJointVentures
3000000 USD
CY2017Q1 us-gaap Proceeds From Real Estate And Real Estate Joint Ventures
ProceedsFromRealEstateAndRealEstateJointVentures
450000 USD
CY2016Q1 us-gaap Proceeds From Sale And Collection Of Mortgage Notes Receivable
ProceedsFromSaleAndCollectionOfMortgageNotesReceivable
3985000 USD
CY2017Q1 us-gaap Proceeds From Sale And Collection Of Mortgage Notes Receivable
ProceedsFromSaleAndCollectionOfMortgageNotesReceivable
12109000 USD
CY2016Q1 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
17049000 USD
CY2017Q1 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
18182000 USD
CY2016Q1 us-gaap Profit Loss
ProfitLoss
33109000 USD
CY2017Q1 us-gaap Profit Loss
ProfitLoss
44230000 USD
CY2016Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
2472854000 USD
CY2017Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
2597324000 USD
CY2016Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2159774000 USD
CY2017Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2268151000 USD
CY2016Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
189000 USD
CY2017Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
196000 USD
CY2015Q4 us-gaap Replacement Reserve Escrow
ReplacementReserveEscrow
4046000 USD
CY2016Q1 us-gaap Replacement Reserve Escrow
ReplacementReserveEscrow
4110000 USD
CY2016Q1 us-gaap Revenues
Revenues
59018000 USD
CY2017Q1 us-gaap Revenues
Revenues
66388000 USD
CY2016Q4 us-gaap Security Deposit Liability
SecurityDepositLiability
21325000 USD
CY2017Q1 us-gaap Security Deposit Liability
SecurityDepositLiability
22475000 USD
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
541679 shares
CY2017Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
979178 shares
CY2016Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P2Y11M4D
CY2017Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P3Y4M0D
CY2017Q1 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
79797000 USD
CY2017Q1 us-gaap Share Based Compensation
ShareBasedCompensation
1523000 USD
CY2016Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.062
CY2017Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.053
CY2016Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.191
CY2017Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.197
CY2016Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0091
CY2017Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0149
CY2016Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
731662 shares
CY2017Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
585827 shares
CY2016Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
3.65
CY2017Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
5.75
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
741676 shares
CY2016Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1085010 shares
CY2016Q1 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
979000 USD
CY2017Q1 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
1523000 USD
CY2016Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1209590000 USD
CY2017Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1287284000 USD
CY2016Q1 us-gaap Straight Line Rent
StraightLineRent
5286000 USD
CY2017Q1 us-gaap Straight Line Rent
StraightLineRent
5755000 USD
CY2016Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
9740000 USD
CY2017Q1 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
9149000 USD
CY2016Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
38401647 shares
CY2017Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
39953804 shares
CY2016Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
38414791 shares
CY2017Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
40108762 shares
CY2016Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
38401647 shares
CY2017Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
39953804 shares
CY2017Q1 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;text-indent:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Reclassifications</font><font style="font-family:inherit;font-size:10pt;"> - We have reclassified certain balances where necessary to conform the presentation of prior periods to the current period. We have combined our investment in marketable securities into other assets in our Condensed Consolidated Balance Sheets.</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%;text-align:justify;text-indent:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Use of Estimates -</font><font style="font-family:inherit;font-size:10pt;"> The preparation of financial statements in conformity with accounting principles generally accepted in the U.S. requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</font></div></div>

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