2017 Q4 Form 10-K Financial Statement

#000090616319000029 Filed on February 13, 2019

View on sec.gov

Income Statement

Concept 2017 Q4 2017 Q3 2017 Q2
Revenue $1.822B $1.668B $1.544B
YoY Change 3.74% 8.48% 11.26%
Cost Of Revenue $1.438B $1.308B $1.218B
YoY Change 1.76% 5.29% 8.14%
Gross Profit $383.6M $364.2M $329.9M
YoY Change 11.87% 22.01% 24.77%
Gross Profit Margin 21.05% 21.84% 21.36%
Selling, General & Admin $116.0M $113.6M $115.0M
YoY Change 7.31% 5.38% 0.09%
% of Gross Profit 30.24% 31.19% 34.86%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $5.600M $5.600M $5.800M
YoY Change -1.75% -1.75% 5.45%
% of Gross Profit 1.46% 1.54% 1.76%
Operating Expenses $116.0M $113.6M $115.0M
YoY Change 7.31% 5.38% 0.17%
Operating Profit $267.6M $250.6M $214.9M
YoY Change 13.97% 31.41% 43.65%
Interest Expense -$6.300M $6.120M $5.914M
YoY Change 1.61% 8.82% -223.21%
% of Operating Profit -2.35% 2.44% 2.75%
Other Income/Expense, Net
YoY Change
Pretax Income $261.3M $244.5M $209.0M
YoY Change 14.25% 32.14% 44.39%
Income Tax $74.00M $82.36M $61.09M
% Of Pretax Income 28.32% 33.69% 29.23%
Net Earnings $124.6M $162.1M $147.9M
YoY Change -17.41% 38.09% 61.3%
Net Earnings / Revenue 6.84% 9.72% 9.57%
Basic Earnings Per Share $43.26 $39.46
Diluted Earnings Per Share $28.88 $38.02 $35.19
COMMON SHARES
Basic Shares Outstanding 3.740M shares 3.747M shares 3.748M shares
Diluted Shares Outstanding 4.263M shares 4.202M shares

Balance Sheet

Concept 2017 Q4 2017 Q3 2017 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $666.8M $626.9M $528.1M
YoY Change 68.64% 140.01% 45.4%
Cash & Equivalents $689.6M $628.1M $529.3M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory $1.246B $1.378B $1.366B
Prepaid Expenses
Receivables $20.00M $20.40M $22.10M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.933B $2.025B $1.916B
YoY Change 28.21% 27.12% 17.6%
LONG-TERM ASSETS
Property, Plant & Equipment $49.50M $50.10M $49.50M
YoY Change -2.56% -0.6% -3.13%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $45.20M $41.90M $43.60M
YoY Change -7.76% -18.0% -17.42%
Other Assets $133.6M $15.90M $18.90M
YoY Change -29.72%
Total Long-Term Assets $1.056B $1.024B $1.002B
YoY Change -7.04% -4.27% -6.28%
TOTAL ASSETS
Total Short-Term Assets $1.933B $2.025B $1.916B
Total Long-Term Assets $1.056B $1.024B $1.002B
Total Assets $2.989B $3.050B $2.918B
YoY Change 13.06% 14.51% 8.14%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $294.8M $300.9M $301.8M
YoY Change 3.95% -3.65% -1.82%
Accrued Expenses $341.9M $337.9M $317.2M
YoY Change 1.67% 9.04% 7.67%
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 $786.7M $801.1M $784.7M
YoY Change 6.01% 4.46% 5.51%
LONG-TERM LIABILITIES
Long-Term Debt $597.1M $596.9M $596.8M
YoY Change 0.1% 0.1% 0.1%
Other Long-Term Liabilities $900.0K $900.0K
YoY Change 0.0% -10.0%
Total Long-Term Liabilities $597.1M $597.8M $597.7M
YoY Change -0.05% 0.1% 0.08%
TOTAL LIABILITIES
Total Short-Term Liabilities $786.7M $801.1M $784.7M
Total Long-Term Liabilities $597.1M $597.8M $597.7M
Total Liabilities $1.384B $1.399B $1.382B
YoY Change 3.31% 2.55% 3.1%
SHAREHOLDERS EQUITY
Retained Earnings $6.232B $6.107B $5.945B
YoY Change 9.42%
Common Stock $1.644B $1.626B $1.608B
YoY Change 8.47%
Preferred Stock
YoY Change
Treasury Stock (at cost) $6.271B $6.083B $6.018B
YoY Change 6.16%
Treasury Stock Shares 16.86M shares 16.82M shares $16.81M
Shareholders Equity $1.605B $1.651B $1.536B
YoY Change
Total Liabilities & Shareholders Equity $2.989B $3.050B $2.918B
YoY Change 13.06% 14.51% 8.14%

Cashflow Statement

Concept 2017 Q4 2017 Q3 2017 Q2
OPERATING ACTIVITIES
Net Income $124.6M $162.1M $147.9M
YoY Change -17.41% 38.09% 61.3%
Depreciation, Depletion And Amortization $5.600M $5.600M $5.800M
YoY Change -1.75% -1.75% 5.45%
Cash From Operating Activities $234.8M $157.4M $69.90M
YoY Change -20.6% 75.28% 32.89%
INVESTING ACTIVITIES
Capital Expenditures -$4.600M -$5.900M -$4.600M
YoY Change -22.03% 25.53% -28.12%
Acquisitions
YoY Change
Other Investing Activities -$2.800M $2.600M $3.400M
YoY Change -175.68% 23.81% 13.33%
Cash From Investing Activities -$7.400M -$3.300M -$1.200M
YoY Change 252.38% 22.22% -62.5%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -181.6M -58.50M -31.20M
YoY Change 13.93% -69.1% 743.24%
NET CHANGE
Cash From Operating Activities 234.8M 157.4M 69.90M
Cash From Investing Activities -7.400M -3.300M -1.200M
Cash From Financing Activities -181.6M -58.50M -31.20M
Net Change In Cash 45.80M 95.60M 37.50M
YoY Change -65.87% -193.54% -17.94%
FREE CASH FLOW
Cash From Operating Activities $234.8M $157.4M $69.90M
Capital Expenditures -$4.600M -$5.900M -$4.600M
Free Cash Flow $239.4M $163.3M $74.50M
YoY Change -20.62% 72.8% 26.27%

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CurrentFederalTaxExpenseBenefit
126358000 USD
CY2016 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
38095000 USD
CY2017 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
37006000 USD
CY2018 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
37038000 USD
CY2017Q4 us-gaap Deferred Compensation Liability Current And Noncurrent
DeferredCompensationLiabilityCurrentAndNoncurrent
17383000 USD
CY2018Q4 us-gaap Deferred Compensation Liability Current And Noncurrent
DeferredCompensationLiabilityCurrentAndNoncurrent
16937000 USD
CY2017 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
61290000 USD
CY2018 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
914000 USD
CY2017Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
4511000 USD
CY2018Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
6091000 USD
CY2016 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-1884000 USD
CY2017 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-42000 USD
CY2018 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-999000 USD
CY2017Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
124030000 USD
CY2018Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
124695000 USD
CY2017Q4 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
9393000 USD
CY2018Q4 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
9242000 USD
CY2017Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
119519000 USD
CY2018Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
118604000 USD
CY2017Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
9681000 USD
CY2018Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
5113000 USD
CY2017Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Compensation
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4743000 USD
CY2018Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Compensation
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeCompensation
4693000 USD
CY2017Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
36799000 USD
CY2018Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
40744000 USD
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DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsOther
49063000 USD
CY2018Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Other
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsOther
51316000 USD
CY2017Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Reserves
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsReserves
14351000 USD
CY2018Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Reserves
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsReserves
13587000 USD
CY2017Q4 us-gaap Deposits Assets
DepositsAssets
370429000 USD
CY2018Q4 us-gaap Deposits Assets
DepositsAssets
396177000 USD
CY2016 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
22269000 USD
CY2017 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
22667000 USD
CY2018 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
20168000 USD
CY2017 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
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5824000 USD
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144.00
CY2018 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
219.58
CY2018 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
14309000 USD
CY2016 us-gaap Earnings Per Share Basic
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110.53
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103.61
CY2017Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
25.12
CY2017Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
35.19
CY2017Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
38.02
CY2017Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
28.88
CY2017 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
126.77
CY2018Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
39.34
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EarningsPerShareDiluted
49.05
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EarningsPerShareDiluted
48.28
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EarningsPerShareDiluted
58.57
CY2018 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
194.80
CY2016 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.3573
CY2017 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.3653
CY2018 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.1694
CY2016 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
CY2017 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
CY2018 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2016 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
17000000 USD
CY2017 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
17100000 USD
CY2018 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
17200000 USD
CY2017 us-gaap Employee Stock Ownership Plan Esop Shares Contributed To Esop
EmployeeStockOwnershipPlanESOPSharesContributedToESOP
6000 shares
CY2018 us-gaap Employee Stock Ownership Plan Esop Shares Contributed To Esop
EmployeeStockOwnershipPlanESOPSharesContributedToESOP
7000 shares
CY2016 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
10016000 USD
CY2017 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
4788000 USD
CY2018 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
4596000 USD
CY2016 us-gaap Gain Loss On Sale Of Mortgage Loans
GainLossOnSaleOfMortgageLoans
85535000 USD
CY2017 us-gaap Gain Loss On Sale Of Mortgage Loans
GainLossOnSaleOfMortgageLoans
99132000 USD
CY2018 us-gaap Gain Loss On Sale Of Mortgage Loans
GainLossOnSaleOfMortgageLoans
122755000 USD
CY2017Q4 us-gaap Guarantee Obligations Maximum Exposure
GuaranteeObligationsMaximumExposure
373930000 USD
CY2018Q4 us-gaap Guarantee Obligations Maximum Exposure
GuaranteeObligationsMaximumExposure
401605000 USD
CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
661697000 USD
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
846911000 USD
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
959732000 USD
CY2016 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
236435000 USD
CY2017 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
309390000 USD
CY2018 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
162535000 USD
CY2016 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
231595000 USD
CY2017 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
296419000 USD
CY2018 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
201544000 USD
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-18898000 USD
CY2017 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-21096000 USD
CY2018 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-3978000 USD
CY2016 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
23738000 USD
CY2017 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
30046000 USD
CY2018 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
42944000 USD
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218984000 USD
CY2017 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
260232000 USD
CY2018 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
181166000 USD
CY2016 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
58532000 USD
CY2017 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
10789000 USD
CY2018 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-30713000 USD
CY2018 us-gaap Increase Decrease In Customer Deposits
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-11787000 USD
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11271000 USD
CY2017 us-gaap Increase Decrease In Customer Deposits
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27797000 USD
CY2017 us-gaap Interest Costs Incurred
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26384000 USD
CY2016 us-gaap Increase Decrease In Deposits Outstanding
IncreaseDecreaseInDepositsOutstanding
32280000 USD
CY2017 us-gaap Increase Decrease In Deposits Outstanding
IncreaseDecreaseInDepositsOutstanding
-8177000 USD
CY2018 us-gaap Increase Decrease In Deposits Outstanding
IncreaseDecreaseInDepositsOutstanding
30863000 USD
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85194000 USD
CY2017 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
154099000 USD
CY2018 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
6911000 USD
CY2016 us-gaap Increase Decrease In Receivables
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8779000 USD
CY2017 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
348000 USD
CY2018 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
1008000 USD
CY2016 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
257000 shares
CY2017 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
507000 shares
CY2018 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
461000 shares
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25951000 USD
CY2018 us-gaap Interest Costs Incurred
InterestCostsIncurred
26277000 USD
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InterestExpense
21707000 USD
CY2017 us-gaap Interest Expense
InterestExpense
24185000 USD
CY2018 us-gaap Interest Expense
InterestExpense
25081000 USD
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20922000 USD
CY2017 us-gaap Interest Paid Net
InterestPaidNet
23251000 USD
CY2018 us-gaap Interest Paid Net
InterestPaidNet
24178000 USD
CY2017Q4 us-gaap Inventory Real Estate Land And Land Development Costs
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34212000 USD
CY2018Q4 us-gaap Inventory Real Estate Land And Land Development Costs
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38857000 USD
CY2017Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
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45500000 USD
CY2018Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
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29400000 USD
CY2017Q4 us-gaap Liabilities
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1383787000 USD
CY2018Q4 us-gaap Liabilities
Liabilities
1357371000 USD
CY2017Q4 us-gaap Liabilities And Stockholders Equity
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2989279000 USD
CY2018Q4 us-gaap Liabilities And Stockholders Equity
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3165933000 USD
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-417395000 USD
CY2017 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
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-281641000 USD
CY2018 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
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-672258000 USD
CY2016 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
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-10350000 USD
CY2017 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
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-15193000 USD
CY2018 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
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-8177000 USD
CY2016 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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392988000 USD
CY2017 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
570354000 USD
CY2018 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
723126000 USD
CY2016 us-gaap Net Income Loss
NetIncomeLoss
425262000 USD
CY2017Q1 us-gaap Net Income Loss
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102923000 USD
CY2017Q2 us-gaap Net Income Loss
NetIncomeLoss
147877000 USD
CY2017Q3 us-gaap Net Income Loss
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162102000 USD
CY2017Q4 us-gaap Net Income Loss
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124619000 USD
CY2017 us-gaap Net Income Loss
NetIncomeLoss
537521000 USD
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166049000 USD
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203174000 USD
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195816000 USD
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49400000 USD
CY2018 us-gaap Operating Leases Rent Expense Net
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52900000 USD
CY2016 us-gaap Other Operating Activities Cash Flow Statement
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-1860000 USD
CY2018Q4 us-gaap Net Income Loss
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232158000 USD
CY2018 us-gaap Net Income Loss
NetIncomeLoss
797197000 USD
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107703000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Current
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31564000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Future Minimum Sublease Rentals
OperatingLeasesFutureMinimumPaymentsDueFutureMinimumSubleaseRentals
25000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
10324000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
13667000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
17331000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
22210000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
12607000 USD
CY2016 us-gaap Operating Leases Rent Expense Net
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45800000 USD
CY2017 us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
256000 USD
CY2018 us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
-557000 USD
CY2016 us-gaap Payments For Origination Of Mortgage Loans Held For Sale
PaymentsForOriginationOfMortgageLoansHeldForSale
3660269000 USD
CY2017 us-gaap Payments For Origination Of Mortgage Loans Held For Sale
PaymentsForOriginationOfMortgageLoansHeldForSale
4077372000 USD
CY2018 us-gaap Payments For Origination Of Mortgage Loans Held For Sale
PaymentsForOriginationOfMortgageLoansHeldForSale
4828615000 USD
CY2016 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
455351000 USD
CY2017 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
422166000 USD
CY2018 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
846134000 USD
CY2016 us-gaap Payments To Acquire Interest In Joint Venture
PaymentsToAcquireInterestInJointVenture
653000 USD
CY2017 us-gaap Payments To Acquire Interest In Joint Venture
PaymentsToAcquireInterestInJointVenture
3800000 USD
CY2018 us-gaap Payments To Acquire Interest In Joint Venture
PaymentsToAcquireInterestInJointVenture
284000 USD
CY2016 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
22369000 USD
CY2017 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
20269000 USD
CY2018 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
19665000 USD
CY2016 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
150000 USD
CY2017 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
0 USD
CY2018 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
234000 USD
CY2016 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
11672000 USD
CY2017 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
8029000 USD
CY2018 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
10515000 USD
CY2016 us-gaap Proceeds From Sale Of Mortgage Loans Held For Sale
ProceedsFromSaleOfMortgageLoansHeldForSale
3710250000 USD
CY2017 us-gaap Proceeds From Sale Of Mortgage Loans Held For Sale
ProceedsFromSaleOfMortgageLoansHeldForSale
4182220000 USD
CY2018 us-gaap Proceeds From Sale Of Mortgage Loans Held For Sale
ProceedsFromSaleOfMortgageLoansHeldForSale
4845999000 USD
CY2016 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
1000000 USD
CY2017 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
847000 USD
CY2018 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
1257000 USD
CY2016 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
38106000 USD
CY2017 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
140525000 USD
CY2018 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
174110000 USD
CY2015Q4 us-gaap Product Warranty Accrual
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87407000 USD
CY2016Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
93895000 USD
CY2017Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
94513000 USD
CY2018Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
103700000 USD
CY2016 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
44299000 USD
CY2017 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
44034000 USD
CY2018 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
53366000 USD
CY2016 us-gaap Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
22369000 USD
CY2017 us-gaap Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
20269000 USD
CY2018 us-gaap Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
19665000 USD
CY2016 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
2000000 USD
CY2017 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
2900000 USD
CY2018 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
3200000 USD
CY2015Q4 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
4434000 USD
CY2016Q4 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
5106000 USD
CY2017Q4 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
5583000 USD
CY2018Q4 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
4154000 USD
CY2016 us-gaap Real Estate Inventory Capitalized Interest Costs Cost Of Sales1
RealEstateInventoryCapitalizedInterestCostsCostOfSales1
3572000 USD
CY2017 us-gaap Real Estate Inventory Capitalized Interest Costs Cost Of Sales1
RealEstateInventoryCapitalizedInterestCostsCostOfSales1
1722000 USD
CY2018 us-gaap Real Estate Inventory Capitalized Interest Costs Cost Of Sales1
RealEstateInventoryCapitalizedInterestCostsCostOfSales1
2625000 USD
CY2017Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
6231940000 USD
CY2018Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
7031333000 USD
CY2016 us-gaap Revenues
Revenues
5822544000 USD
CY2017 us-gaap Revenues
Revenues
6305840000 USD
CY2018 us-gaap Revenues
Revenues
7163674000 USD
CY2016 us-gaap Share Based Compensation
ShareBasedCompensation
43598000 USD
CY2017 us-gaap Share Based Compensation
ShareBasedCompensation
44562000 USD
CY2018 us-gaap Share Based Compensation
ShareBasedCompensation
75701000 USD
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMaximum
0.2349
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMaximum
0.1795
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMaximum
0.2005
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMinimum
0.1591
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMinimum
0.1509
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMinimum
0.1657
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
0.0221
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
0.0238
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
0.0313
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
0.0086
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
0.0153
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
0.0219
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
96600000 USD
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
206890000 USD
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
355318000 USD
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
320.21
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
494.17
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
687.81
CY2016 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y3M7D
CY2017 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y3M4D
CY2018 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y0M23D
CY2017 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
167000 shares
CY2018 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
301000 shares
CY2017Q4 us-gaap Treasury Stock Value
TreasuryStockValue
6270851000 USD
CY2018Q4 us-gaap Treasury Stock Value
TreasuryStockValue
7043200000 USD
CY2017 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
0 USD
CY2018Q4 us-gaap Significant Change In Unrecognized Tax Benefits Is Reasonably Possible Amount Of Unrecorded Benefit
SignificantChangeInUnrecognizedTaxBenefitsIsReasonablyPossibleAmountOfUnrecordedBenefit
11570000 USD
CY2015Q4 us-gaap Stockholders Equity
StockholdersEquity
1239165000 USD
CY2016Q4 us-gaap Stockholders Equity
StockholdersEquity
1304441000 USD
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
1605492000 USD
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
1808562000 USD
CY2017Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
16864324 shares
CY2018Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
16977499 shares
CY2016 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
280000 shares
CY2016 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
455351000 USD
CY2017 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
422166000 USD
CY2018 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
846134000 USD
CY2016Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
46110000 USD
CY2017Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
45337000 USD
CY2018Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
43418000 USD
CY2017 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
5566000 USD
CY2018 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
6259000 USD
CY2018 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
0 USD
CY2017 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
4793000 USD
CY2018 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
4340000 USD
CY2017Q4 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Accrued
UnrecognizedTaxBenefitsInterestOnIncomeTaxesAccrued
18575000 USD
CY2018Q4 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Accrued
UnrecognizedTaxBenefitsInterestOnIncomeTaxesAccrued
17191000 USD
CY2018Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
34300000 USD
CY2016 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
4104000 shares
CY2017 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
4240000 shares
CY2018 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
4092000 shares
CY2016 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
3847000 shares
CY2017 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
3733000 shares
CY2018 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
3631000 shares
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:8px;text-indent:37px;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:8px;text-indent:37px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Certain prior period amounts have been reclassified to conform to the current year's presentation.</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:8px;text-indent:37px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Use of Estimates in the Preparation of Financial Statements</font></div><div style="line-height:120%;padding-top:8px;text-indent:37px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (&#8220;GAAP&#8221;) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting periods. Management continually evaluates the estimates used to prepare the consolidated financial statements and updates those estimates as necessary. In general, the Company&#8217;s estimates are based on historical experience, on information from third party professionals, and other various assumptions that are believed to be reasonable under the facts and circumstances. Actual results could differ materially from those estimates made by management.</font></div></div>

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