2018 Q4 Form 10-K Financial Statement

#000153228619000004 Filed on March 07, 2019

View on sec.gov

Income Statement

Concept 2018 Q4 2018 2017 Q4
Revenue $229.4M $827.2M $154.3M
YoY Change 48.72% 52.15% 92.85%
Cost Of Revenue $171.6M $639.3M $125.6M
YoY Change 36.62% 42.55% 86.35%
Gross Profit $57.90M $187.9M $28.70M
YoY Change 101.74% 97.36% 127.78%
Gross Profit Margin 25.23% 22.71% 18.6%
Selling, General & Admin $22.70M $76.00M $11.90M
YoY Change 90.76% 53.23% -9.85%
% of Gross Profit 39.21% 40.45% 41.46%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $18.20M $54.30M $15.30M
YoY Change 18.95% 1.69% -3.16%
% of Gross Profit 31.43% 28.9% 53.31%
Operating Expenses $40.90M $139.9M $27.20M
YoY Change 50.37% 25.25% -6.21%
Operating Profit -$60.83M -$28.29M -$33.84M
YoY Change 79.76% -50.33% 106.35%
Interest Expense -$16.10M $22.32M -$4.000M
YoY Change 302.5% 42.11% 14.29%
% of Operating Profit
Other Income/Expense, Net -$22.32M
YoY Change 42.11%
Pretax Income -$76.84M -$50.61M -$37.77M
YoY Change 103.46% -30.36% 14.44%
Income Tax $500.0K $2.375M -$5.000M
% Of Pretax Income
Net Earnings -$77.34M -$52.98M -$29.81M
YoY Change 159.42% -21.72% 15.55%
Net Earnings / Revenue -33.7% -6.41% -19.32%
Basic Earnings Per Share -$2.78 -$2.17
Diluted Earnings Per Share -$2.78 -$2.17 -$1.279M
COMMON SHARES
Basic Shares Outstanding 30.17M 24.41M shares
Diluted Shares Outstanding 24.41M shares

Balance Sheet

Concept 2018 Q4 2018 2017 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $63.60M $63.60M $17.50M
YoY Change 263.43% 263.43% 326.83%
Cash & Equivalents $63.62M $63.60M $17.51M
Short-Term Investments
Other Short-Term Assets $15.70M $15.70M $7.900M
YoY Change 98.73% 98.73% -16.84%
Inventory $91.44M $91.40M $22.23M
Prepaid Expenses
Receivables $154.8M $154.8M $99.57M
Other Receivables $7.600M $7.600M $0.00
Total Short-Term Assets $333.2M $333.2M $147.2M
YoY Change 126.29% 126.36% 62.33%
LONG-TERM ASSETS
Property, Plant & Equipment $211.6M $211.6M $259.0M
YoY Change -18.3% -18.3% -5.18%
Goodwill $307.8M $93.76M
YoY Change 228.3% -25.17%
Intangibles $63.55M
YoY Change
Long-Term Investments
YoY Change
Other Assets $6.386M $6.400M $4.806M
YoY Change 32.88% 33.33% 1101.5%
Total Long-Term Assets $808.0M $808.0M $431.6M
YoY Change 87.2% 87.17% -11.08%
TOTAL ASSETS
Total Short-Term Assets $333.2M $333.2M $147.2M
Total Long-Term Assets $808.0M $808.0M $431.6M
Total Assets $1.141B $1.141B $578.9M
YoY Change 97.14% 97.13% 0.48%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $46.13M $46.10M $29.64M
YoY Change 55.63% 55.74% 57.68%
Accrued Expenses $61.43M $61.40M $14.69M
YoY Change 318.29% 317.69% 18.44%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due $0.00 $700.0K $241.5M
YoY Change -100.0% -99.71% 1241.72%
Total Short-Term Liabilities $108.3M $108.3M $286.4M
YoY Change -62.19% -62.19% 478.63%
LONG-TERM LIABILITIES
Long-Term Debt $425.0M $427.3M $0.00
YoY Change -100.0%
Other Long-Term Liabilities $4.838M $4.800M $64.00K
YoY Change 7459.38% 4700.0% -95.73%
Total Long-Term Liabilities $429.8M $432.1M $64.00K
YoY Change 671487.5% 432000.0% -99.97%
TOTAL LIABILITIES
Total Short-Term Liabilities $108.3M $108.3M $286.4M
Total Long-Term Liabilities $429.8M $432.1M $64.00K
Total Liabilities $546.3M $546.3M $291.5M
YoY Change 87.43% 87.41% 1.25%
SHAREHOLDERS EQUITY
Retained Earnings -$147.1M -$94.08M
YoY Change 56.32%
Common Stock $746.7M $385.1M
YoY Change 93.89%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $594.8M $594.8M $287.4M
YoY Change
Total Liabilities & Shareholders Equity $1.141B $1.141B $578.9M
YoY Change 97.14% 97.13% 0.48%

Cashflow Statement

Concept 2018 Q4 2018 2017 Q4
OPERATING ACTIVITIES
Net Income -$77.34M -$52.98M -$29.81M
YoY Change 159.42% -21.72% 15.55%
Depreciation, Depletion And Amortization $18.20M $54.30M $15.30M
YoY Change 18.95% 1.69% -3.16%
Cash From Operating Activities $38.80M $89.58M $1.900M
YoY Change 1942.11% 1479.56% -142.22%
INVESTING ACTIVITIES
Capital Expenditures -$17.10M $46.65M -$15.20M
YoY Change 12.5% 3.16% 660.0%
Acquisitions $350.0M
YoY Change
Other Investing Activities -$346.6M -$343.1M $600.0K
YoY Change -57866.67% -42987.5% 0.0%
Cash From Investing Activities -$363.8M -$389.8M -$14.70M
YoY Change 2374.83% 776.59% 880.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $271.0M
YoY Change 1105.67%
Cash From Financing Activities 302.1M $346.7M 100.0K
YoY Change 302000.0% 562.36% -97.22%
NET CHANGE
Cash From Operating Activities 38.80M $89.58M 1.900M
Cash From Investing Activities -363.8M -$389.8M -14.70M
Cash From Financing Activities 302.1M $346.7M 100.0K
Net Change In Cash -22.90M $46.10M -12.70M
YoY Change 80.31% 243.05% 429.17%
FREE CASH FLOW
Cash From Operating Activities $38.80M $89.58M $1.900M
Capital Expenditures -$17.10M $46.65M -$15.20M
Free Cash Flow $55.90M $42.93M $17.10M
YoY Change 226.9% -208.56% -784.0%

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141000 USD
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18368000 USD
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3340000 USD
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2804000 USD
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0 USD
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1030000 USD
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667000 USD
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367000 USD
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241000 USD
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358000 USD
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766000 USD
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70000 USD
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108000 USD
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1697000 USD
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12442000 USD
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14987000 USD
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CY2018 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
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5981000 USD
CY2017Q4 us-gaap Interest Payable Current
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148000 USD
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IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-2396000 USD
CY2017 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
12530000 USD
CY2018 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
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OperatingIncomeLoss
-83012000 USD
CY2017Q4 us-gaap Operating Lease Liability Noncurrent
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0 USD
CY2017 us-gaap Increase Decrease In Accounts Receivable
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52180000 USD
CY2018 us-gaap Increase Decrease In Accounts Receivable
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24972000 USD
CY2016 us-gaap Increase Decrease In Accrued Income Taxes Payable
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-5848000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
15005000 USD
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OperatingLeasesRentExpenseNet
6300000 USD
CY2018Q4 us-gaap Interest Payable Current
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7031000 USD
CY2017Q4 us-gaap Inventory Finished Goods
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24197000 USD
CY2018Q4 us-gaap Inventory Finished Goods
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54301000 USD
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25136000 USD
CY2018Q4 us-gaap Inventory Gross
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93321000 USD
CY2017Q4 us-gaap Inventory Net
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22230000 USD
CY2018Q4 us-gaap Inventory Net
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91435000 USD
CY2017Q4 us-gaap Inventory Raw Materials And Supplies
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939000 USD
CY2018Q4 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
38890000 USD
CY2017Q4 us-gaap Inventory Valuation Reserves
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2906000 USD
CY2017Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
2900000 USD
CY2018Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
1900000 USD
CY2018Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
1886000 USD
CY2017Q4 us-gaap Inventory Work In Process
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0 USD
CY2018Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
130000 USD
CY2016 us-gaap Inventory Write Down
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287000 USD
CY2017 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
7200000 USD
CY2018 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
13000000 USD
CY2018Q4 us-gaap Operating Loss Carryforwards
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163600000 USD
CY2017Q4 us-gaap Other Accrued Liabilities Current
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3768000 USD
CY2018Q4 us-gaap Other Accrued Liabilities Current
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7116000 USD
CY2017Q4 us-gaap Other Assets Noncurrent
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4806000 USD
CY2018Q4 us-gaap Other Assets Noncurrent
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6386000 USD
CY2017 us-gaap Inventory Write Down
InventoryWriteDown
1359000 USD
CY2018 us-gaap Inventory Write Down
InventoryWriteDown
844000 USD
CY2017Q4 us-gaap Liabilities
Liabilities
291501000 USD
CY2018Q4 us-gaap Liabilities
Liabilities
546349000 USD
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LiabilitiesAndStockholdersEquity
578859000 USD
CY2018Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1141172000 USD
CY2017Q4 us-gaap Liabilities Current
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286420000 USD
CY2018Q4 us-gaap Liabilities Current
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108288000 USD
CY2017Q4 us-gaap Long Term Debt
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241509000 USD
CY2018Q4 us-gaap Long Term Debt
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424978000 USD
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241509000 USD
CY2018Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
0 USD
CY2017Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
0 USD
CY2018Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
424978000 USD
CY2016Q4 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
3187000 USD
CY2016 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
210000 USD
CY2017 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-198000 USD
CY2018 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-1159000 USD
CY2016 us-gaap Other Comprehensive Income Foreign Currency Translation Adjustment Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTaxPortionAttributableToParent
0 USD
CY2016 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 USD
CY2017 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 USD
CY2018 us-gaap Net Cash Provided By Used In Investing Activities
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-389765000 USD
CY2016 us-gaap Net Cash Provided By Used In Operating Activities
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-3290000 USD
CY2017 us-gaap Net Cash Provided By Used In Operating Activities
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5671000 USD
CY2018 us-gaap Net Cash Provided By Used In Operating Activities
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89577000 USD
CY2017Q4 us-gaap Loss Contingency Accrual At Carrying Value
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1730000 USD
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CY2017Q1 us-gaap Net Income Loss
NetIncomeLoss
-20714000 USD
CY2018Q4 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
25529000 USD
CY2017 us-gaap Loss Contingency Accrual Payments
LossContingencyAccrualPayments
1325000 USD
CY2018 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
349986000 USD
CY2017 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-67682000 USD
CY2018 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-52983000 USD
CY2017Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-14790000 USD
CY2017Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-8141000 USD
CY2017Q2 us-gaap Net Income Loss
NetIncomeLoss
-12105000 USD
CY2017Q3 us-gaap Net Income Loss
NetIncomeLoss
-5052000 USD
CY2017Q4 us-gaap Net Income Loss
NetIncomeLoss
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CY2017 us-gaap Net Income Loss
NetIncomeLoss
-67682000 USD
CY2018Q1 us-gaap Net Income Loss
NetIncomeLoss
1675000 USD
CY2018Q2 us-gaap Net Income Loss
NetIncomeLoss
9019000 USD
CY2018Q3 us-gaap Net Income Loss
NetIncomeLoss
13658000 USD
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NetIncomeLoss
-77335000 USD
CY2018 us-gaap Net Income Loss
NetIncomeLoss
-52983000 USD
CY2016 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-70911000 USD
CY2017Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-193000 USD
CY2017Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
-33842000 USD
CY2017 us-gaap Operating Income Loss
OperatingIncomeLoss
-56966000 USD
CY2018Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
4698000 USD
CY2018Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
11486000 USD
CY2017Q1 us-gaap Payments To Acquire Equity Method Investments
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1000000 USD
CY2018Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
16356000 USD
CY2018Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
-60833000 USD
CY2018 us-gaap Operating Income Loss
OperatingIncomeLoss
-28293000 USD
CY2018Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
2330000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due
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46996000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
10204000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
4760000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
4893000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
5566000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
6568000 USD
CY2017 us-gaap Other Comprehensive Income Foreign Currency Translation Adjustment Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTaxPortionAttributableToParent
0 USD
CY2018 us-gaap Other Comprehensive Income Foreign Currency Translation Adjustment Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTaxPortionAttributableToParent
0 USD
CY2016 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
210000 USD
CY2017 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-198000 USD
CY2018 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-1159000 USD
CY2017Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
64000 USD
CY2018Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
4838000 USD
CY2016 us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
297000 USD
CY2017 us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
1325000 USD
CY2018 us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
3445000 USD
CY2016 us-gaap Payments Of Capital Distribution
PaymentsOfCapitalDistribution
0 USD
CY2017 us-gaap Payments Of Capital Distribution
PaymentsOfCapitalDistribution
2438000 USD
CY2018 us-gaap Payments Of Capital Distribution
PaymentsOfCapitalDistribution
0 USD
CY2016 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
1245000 USD
CY2017 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
716000 USD
CY2018 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
16307000 USD
CY2016 us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
0 USD
CY2017 us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
1000000 USD
CY2018 us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
0 USD
CY2016 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
9130000 USD
CY2017 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
45216000 USD
CY2018 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
52570000 USD
CY2016 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
9130000 USD
CY2017 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
45216000 USD
CY2018 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
46646000 USD
CY2017Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
7929000 USD
CY2018Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
15717000 USD
CY2016 us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
1774000 USD
CY2017 us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
0 USD
CY2018 us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
2941000 USD
CY2016 us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
0 USD
CY2017 us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
0 USD
CY2018 us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
171450000 USD
CY2016 us-gaap Proceeds From Issuance Of Medium Term Notes
ProceedsFromIssuanceOfMediumTermNotes
0 USD
CY2017 us-gaap Proceeds From Issuance Of Medium Term Notes
ProceedsFromIssuanceOfMediumTermNotes
0 USD
CY2018 us-gaap Proceeds From Issuance Of Medium Term Notes
ProceedsFromIssuanceOfMediumTermNotes
125000000 USD
CY2016 us-gaap Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
0 USD
CY2017 us-gaap Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
0 USD
CY2018 us-gaap Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
400000000 USD
CY2016 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
75136000 USD
CY2017 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
56481000 USD
CY2018 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
35000000 USD
CY2016 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
1127000 USD
CY2017 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
0 USD
CY2018 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
0 USD
CY2016 us-gaap Proceeds From Other Equity
ProceedsFromOtherEquity
500000 USD
CY2017 us-gaap Proceeds From Other Equity
ProceedsFromOtherEquity
61374000 USD
CY2018 us-gaap Proceeds From Other Equity
ProceedsFromOtherEquity
300000 USD
CY2016 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
2918000 USD
CY2017 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
1452000 USD
CY2018 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
2183000 USD
CY2016 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
0 USD
CY2017 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
0 USD
CY2018 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
2905000 USD
CY2016 us-gaap Profit Loss
ProfitLoss
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CY2017 us-gaap Profit Loss
ProfitLoss
-67682000 USD
CY2018 us-gaap Profit Loss
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CY2017Q4 us-gaap Property Plant And Equipment Gross
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464727000 USD
CY2018Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
460171000 USD
CY2017Q4 us-gaap Property Plant And Equipment Net
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259039000 USD
CY2018Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
211644000 USD
CY2016 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
0 USD
CY2017 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
200000 USD
CY2018 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
300000 USD
CY2016 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
61956000 USD
CY2016 us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
0 USD
CY2017 us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
0 USD
CY2018 us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
128000 USD
CY2017 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
22475000 USD
CY2018 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
270975000 USD
CY2016 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
19725000 USD
CY2017 us-gaap Repayments Of Long Term Lines Of Credit
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38287000 USD
CY2018 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
96182000 USD
CY2016 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
855000 USD
CY2017 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
272000 USD
CY2018Q4 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
1185000 USD
CY2016 us-gaap Share Based Compensation
ShareBasedCompensation
5711000 USD
CY2017 us-gaap Share Based Compensation
ShareBasedCompensation
7568000 USD
CY2018 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
0 USD
CY2017Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-94081000 USD
CY2018Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-147064000 USD
CY2016 us-gaap Revenues
Revenues
282354000 USD
CY2017Q1 us-gaap Revenues
Revenues
105353000 USD
CY2017Q2 us-gaap Revenues
Revenues
135860000 USD
CY2017Q3 us-gaap Revenues
Revenues
148167000 USD
CY2017Q4 us-gaap Revenues
Revenues
154280000 USD
CY2017 us-gaap Revenues
Revenues
543660000 USD
CY2018Q1 us-gaap Revenues
Revenues
173807000 USD
CY2018Q2 us-gaap Revenues
Revenues
205492000 USD
CY2018Q3 us-gaap Revenues
Revenues
218427000 USD
CY2018Q4 us-gaap Revenues
Revenues
229448000 USD
CY2018 us-gaap Revenues
Revenues
827174000 USD
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767000 USD
CY2018 us-gaap Share Based Compensation
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13221000 USD
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
22.63
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
31.18
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
26.01
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.000
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.000
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.000
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.470
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.471
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.470
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0146
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0216
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0247
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
347225 shares
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
667922 shares
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
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23.77
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
33.20
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
0 USD
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
1728000 USD
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
138025 shares
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
21657 shares
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
471456 shares
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
32102 shares
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
10.44
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
14.70
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
13.11
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
2863000 USD
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
3282000 USD
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
6000 USD
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23.01
CY2016 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
656646 shares
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1068791 shares
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
957659 shares
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
31.26
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
30.79
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
31.98
CY2017 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0.00
CY2018 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
20.71
CY2017 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
31.38
CY2018 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
29.17
CY2017 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
30.94
CY2017 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y
CY2018 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y
CY2017Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
2571000 USD
CY2018Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
3000 USD
CY2017 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P6Y1M
CY2018 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P6Y2M
CY2016 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P6Y11M
CY2017 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P7Y7M
CY2018 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P6Y11M
CY2016 us-gaap Stock Issued1
StockIssued1
0 USD
CY2017 us-gaap Stock Issued1
StockIssued1
547000 USD
CY2018 us-gaap Stock Issued1
StockIssued1
177847000 USD
CY2017 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
0 shares
CY2018 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
121577 shares
CY2018 us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
177847000 USD
CY2016 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
500000 USD
CY2017 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
61922000 USD
CY2018 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
168261000 USD
CY2018 us-gaap Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
300000 USD
CY2018 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
0 USD
CY2018 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
2905000 USD
CY2015Q4 us-gaap Stockholders Equity
StockholdersEquity
352676000 USD
CY2016Q4 us-gaap Stockholders Equity
StockholdersEquity
288186000 USD
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
287358000 USD
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
594823000 USD
CY2018Q1 us-gaap Stockholders Equity Note Stock Split Conversion Ratio1
StockholdersEquityNoteStockSplitConversionRatio1
8.0256
CY2017Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
568000 USD
CY2018Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
600000 USD
CY2018Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
568000 USD
CY2018 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
0 USD
CY2018Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
0 USD
CY2018 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
0 USD
CY2018 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
0 USD
CY2016 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
13268540 shares
CY2018 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
0 USD
CY2018 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
10000000 USD
CY2017 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
14887006 shares
CY2018 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
24411213 shares
CY2016 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
13268540 shares
CY2017 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
14887006 shares
CY2018 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
24411213 shares
CY2018Q1 us-gaap Write Off Of Deferred Debt Issuance Cost
WriteOffOfDeferredDebtIssuanceCost
700000 USD
CY2018Q4 us-gaap Write Off Of Deferred Debt Issuance Cost
WriteOffOfDeferredDebtIssuanceCost
1200000 USD
CY2018 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Concentration of Credit Risk</font></div><div style="line-height:120%;padding-top:13px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The majority of the Company&#8217;s customers operate in the oil and gas industry. While current energy prices are important contributors to positive cash flow for the customers, expectations about future prices and price volatility are generally more important for determining future spending levels. Any prolonged increase or decrease in oil and natural gas prices affects the levels of exploration, development, and production activity as well as the entire health of the oil and natural gas industry and can therefore negatively impact spending by the Company&#8217;s customers.</font></div><div style="line-height:120%;padding-top:13px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">No</font><font style="font-family:inherit;font-size:10pt;"> customer accounted for at least 10% of revenues for the years ended </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2018</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2017</font><font style="font-family:inherit;font-size:10pt;">. Revenues for the year ended </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2016</font><font style="font-family:inherit;font-size:10pt;"> included sales to </font><font style="font-family:inherit;font-size:10pt;">one</font><font style="font-family:inherit;font-size:10pt;"> customer that individually represented </font><font style="font-family:inherit;font-size:10pt;">10%</font><font style="font-family:inherit;font-size:10pt;"> or more of total revenue. </font></div><div style="line-height:120%;padding-top:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Concentration of Supplier Risk</font></div><div style="line-height:120%;padding-top:13px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Purchases during the years ended </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2018</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;">2017</font><font style="font-family:inherit;font-size:10pt;">, and </font><font style="font-family:inherit;font-size:10pt;">2016</font><font style="font-family:inherit;font-size:10pt;"> included purchases from </font><font style="font-family:inherit;font-size:10pt;">one</font><font style="font-family:inherit;font-size:10pt;"> supplier that individually represented more than </font><font style="font-family:inherit;font-size:10pt;">10%</font><font style="font-family:inherit;font-size:10pt;"> of total operating purchases. The accounts payable to this vendor totaled </font><font style="font-family:inherit;font-size:10pt;">15%</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">17%</font><font style="font-family:inherit;font-size:10pt;"> of total accounts payable at </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2018</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2017</font><font style="font-family:inherit;font-size:10pt;">, respectively.&#160;</font></div></div>
CY2018 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Reclassifications</font></div><div style="line-height:120%;padding-top:13px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Certain reclassifications have been made to prior period amounts to conform to the current period financial statement presentation. These reclassifications relate to the breakout of &#8220;Definite-lived intangible assets, net&#8221; and &#8220;Indefinite-lived intangible assets&#8221; in the Company&#8217;s </font><font style="font-family:inherit;font-size:10pt;">Consolidated Balance Sheets</font><font style="font-family:inherit;font-size:10pt;">.</font></div></div>
CY2018 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:13px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The </font><font style="font-family:inherit;font-size:10pt;">Consolidated Financial Statements</font><font style="font-family:inherit;font-size:10pt;"> as of </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2018</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2017</font><font style="font-family:inherit;font-size:10pt;">, and for the years ended </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2018</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;">2017</font><font style="font-family:inherit;font-size:10pt;">, and </font><font style="font-family:inherit;font-size:10pt;">2016</font><font style="font-family:inherit;font-size:10pt;">, include the accounts of Nine and Beckman and their wholly owned subsidiaries. For additional information on the history of Nine, see </font><font style="font-family:inherit;font-size:10pt;">Note 1 &#8211; Company and Organization</font><font style="font-family:inherit;font-size:10pt;">. All inter-company balances and transactions have been eliminated in the consolidation.</font></div><div style="line-height:120%;padding-top:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Use of Estimates</font></div><div style="line-height:120%;padding-top:13px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;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 </font><font style="font-family:inherit;font-size:10pt;">Consolidated Financial Statements</font><font style="font-family:inherit;font-size:10pt;"> and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. These estimates are based on management&#8217;s best knowledge of current events and actions that the Company may undertake in the future. Such estimates include but are not limited to fair value assumptions used in purchase accounting and in analyzing goodwill, other intangible assets, and long-lived assets for possible impairment, useful lives used in depreciation and amortization expense, stock-based compensation fair value, estimated realizable value on excess and obsolete inventories, deferred taxes and income tax contingencies, and losses on accounts receivable. It is at least reasonably possible that the estimates used will change within the next year.</font></div></div>

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