2017 Q4 Form 10-K Financial Statement

#000143774918004857 Filed on March 16, 2018

View on sec.gov

Income Statement

Concept 2017 Q4 2017 Q3 2017 Q2
Revenue $35.63M $38.80M $28.69M
YoY Change -9.07% -5.53% -27.86%
Cost Of Revenue $33.80M $36.89M $28.64M
YoY Change -3.43% -3.27% -35.23%
Gross Profit $1.833M $1.993M $746.0K
YoY Change -51.33% -32.19% -158.65%
Gross Profit Margin 5.14% 5.14% 2.6%
Selling, General & Admin $3.300M $3.423M $3.572M
YoY Change -28.26% -12.46% -12.69%
% of Gross Profit 180.03% 171.75% 478.82%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.520M $1.830M $1.350M
YoY Change -27.27% -6.63% -53.92%
% of Gross Profit 82.92% 91.82% 180.97%
Operating Expenses $3.300M $3.423M $3.572M
YoY Change -29.79% -12.46% -12.69%
Operating Profit -$1.475M -$1.430M -$2.826M
YoY Change -123.29% 14.13% -46.24%
Interest Expense -$100.0K $117.0K $115.0K
YoY Change 0.0% -12.69% -3.36%
% of Operating Profit
Other Income/Expense, Net $300.0K -$81.00K $116.0K
YoY Change -175.0% -606.25% -3000.0%
Pretax Income -$1.300M -$1.628M -$2.825M
YoY Change -120.97% 19.62% -55.67%
Income Tax -$300.0K -$41.00K -$1.404M
% Of Pretax Income
Net Earnings -$2.158M -$2.069M -$2.068M
YoY Change -136.99% -384.59% -66.87%
Net Earnings / Revenue -6.06% -5.33% -7.21%
Basic Earnings Per Share -$0.21
Diluted Earnings Per Share -$229.2K -$0.21 -$218.8K
COMMON SHARES
Basic Shares Outstanding 9.620M 9.610M
Diluted Shares Outstanding 9.620M 9.610M

Balance Sheet

Concept 2017 Q4 2017 Q3 2017 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $43.60M $5.300M $17.50M
YoY Change 100.0% -55.08% 92.31%
Cash & Equivalents $43.65M $5.303M $17.53M
Short-Term Investments
Other Short-Term Assets $6.600M $37.40M $1.100M
YoY Change -83.03% 426.76% -85.71%
Inventory $17.06M $19.00M $22.42M
Prepaid Expenses
Receivables $73.50M $74.50M $64.20M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $140.8M $136.3M $105.3M
YoY Change -5.29% 25.65% -1.96%
LONG-TERM ASSETS
Property, Plant & Equipment $78.76M $79.04M $116.2M
YoY Change -3.57% -34.22% -4.4%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $10.81M $10.59M $10.99M
YoY Change -4.09% -9.0% -6.85%
Total Long-Term Assets $89.57M $89.63M $127.2M
YoY Change -3.63% -31.99% -4.62%
TOTAL ASSETS
Total Short-Term Assets $140.8M $136.3M $105.3M
Total Long-Term Assets $89.57M $89.63M $127.2M
Total Assets $230.3M $225.9M $232.5M
YoY Change -4.65% -5.97% -3.43%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $7.521M $3.699M $7.620M
YoY Change 42.79% -25.71% 53.14%
Accrued Expenses $6.563M $7.787M $7.682M
YoY Change -39.93% -36.61% -46.17%
Deferred Revenue $2.599M
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $300.0K $200.0K $300.0K
YoY Change 0.0% -50.0% -25.0%
Total Short-Term Liabilities $17.00M $12.02M $16.57M
YoY Change -8.38% -44.78% -19.4%
LONG-TERM LIABILITIES
Long-Term Debt $700.0K $400.0K $500.0K
YoY Change 16.67% -42.86% -28.57%
Other Long-Term Liabilities $11.38M $10.96M $11.10M
YoY Change -4.39% -11.08% -10.84%
Total Long-Term Liabilities $11.38M $10.96M $11.10M
YoY Change -4.39% -11.08% -10.84%
TOTAL LIABILITIES
Total Short-Term Liabilities $17.00M $12.02M $16.57M
Total Long-Term Liabilities $11.38M $10.96M $11.10M
Total Liabilities $30.06M $23.48M $28.35M
YoY Change -7.06% -36.9% -27.49%
SHAREHOLDERS EQUITY
Retained Earnings $81.76M $83.92M $85.98M
YoY Change -11.06% -2.52% 0.73%
Common Stock $120.0M $119.7M $119.5M
YoY Change 0.99% 1.19% 1.44%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $200.3M $202.4M $204.2M
YoY Change
Total Liabilities & Shareholders Equity $230.3M $225.9M $232.5M
YoY Change -4.65% -5.97% -3.43%

Cashflow Statement

Concept 2017 Q4 2017 Q3 2017 Q2
OPERATING ACTIVITIES
Net Income -$2.158M -$2.069M -$2.068M
YoY Change -136.99% -384.59% -66.87%
Depreciation, Depletion And Amortization $1.520M $1.830M $1.350M
YoY Change -27.27% -6.63% -53.92%
Cash From Operating Activities $6.680M -$11.30M -$2.620M
YoY Change -302.42% -443.47% -870.59%
INVESTING ACTIVITIES
Capital Expenditures -$770.0K -$860.0K -$690.0K
YoY Change 54.0% 91.11% 15.0%
Acquisitions
YoY Change
Other Investing Activities $32.50M $10.00K $110.0K
YoY Change 133.31% 450.0%
Cash From Investing Activities $31.73M -$860.0K -$570.0K
YoY Change 136.26% 91.11% -1.72%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -60.00K -80.00K -80.00K
YoY Change -33.33% -20.0% -20.0%
NET CHANGE
Cash From Operating Activities 6.680M -11.30M -2.620M
Cash From Investing Activities 31.73M -860.0K -570.0K
Cash From Financing Activities -60.00K -80.00K -80.00K
Net Change In Cash 38.35M -12.24M -3.270M
YoY Change 281.97% -546.72% 861.76%
FREE CASH FLOW
Cash From Operating Activities $6.680M -$11.30M -$2.620M
Capital Expenditures -$770.0K -$860.0K -$690.0K
Free Cash Flow $7.450M -$10.44M -$1.930M
YoY Change -366.07% -379.14% -305.32%

Facts In Submission

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CY2017 us-gaap Concentration Risk Credit Risk
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<div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" margin: 0pt; text-align: justify; font-family: Times New Roman, Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;">Concentrations of Credit Risk</div></div> <div style=" font-family: Times New Roman, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</div> <div style=" margin: 0pt; text-align: justify; text-indent: 27pt; font-family: Times New Roman, Times, serif; font-size: 10pt;">Financial instruments, which potentially subject the Company to concentrations of credit risk, consist principally of trade receivables, derivative contracts<div style="display: inline; font-family: Times New Roman, Times, serif; font-size: 10pt;"> and deferred compensation plan assets. Trade receivables generally represent a large number of customers, including municipalities, manufacturers, distributors and contractors, dispersed across a wide geographic base. As of <div style="display: inline; font-style: italic; font-style: normal; font-weight: inherit;"> December&nbsp;</div><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">31,</div> <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2017</div> and <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2016,</div> <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">two</div></div> customers had a balance in excess of <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">10%</div> of total accounts receivable. Derivative contracts are with a high quality financial institution. The Company&#x2019;s deferred compensation plan assets, included in Other assets, are invested in a diversified portfolio of stock and bond mutual funds.</div></div></div></div></div></div>
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CY2015 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
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CY2017 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
CY2016 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
CY2015 us-gaap Goodwill Impairment Loss
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5282000
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CY2017Q3 us-gaap Gross Profit
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CY2017Q4 us-gaap Gross Profit
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CY2016Q3 us-gaap Gross Profit
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CY2016Q4 us-gaap Gross Profit
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CY2016 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
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IncomeLossFromContinuingOperations
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CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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CY2017 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
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CY2016 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
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CY2016 us-gaap Income Loss From Continuing Operations Per Diluted Share
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CY2017 us-gaap Income Loss From Discontinued Operations Net Of Tax
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CY2017 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share
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CY2017 us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
CY2016 us-gaap Income Tax Reconciliation Tax Exempt Income
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580000
CY2015 us-gaap Income Tax Reconciliation Tax Exempt Income
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CY2016 us-gaap Income Taxes Paid Net
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CY2015 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
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CY2016Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
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CY2016 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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CY2017 us-gaap Income Tax Expense Benefit
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CY2016 us-gaap Income Tax Expense Benefit
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600000
CY2017 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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1570000
CY2016 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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585000
CY2015 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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2059000
CY2017 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
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CY2016 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
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CY2015 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
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CY2017 us-gaap Income Tax Reconciliation Deductions Qualified Production Activities
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CY2016 us-gaap Income Tax Reconciliation Deductions Qualified Production Activities
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CY2017 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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CY2016 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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CY2017 us-gaap Income Tax Reconciliation Nondeductible Expense
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CY2016 us-gaap Income Tax Reconciliation Nondeductible Expense
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63000
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91000
CY2017 us-gaap Income Tax Reconciliation Nondeductible Expense Impairment Losses
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CY2016 us-gaap Income Tax Reconciliation Nondeductible Expense Impairment Losses
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1849000
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CY2016 us-gaap Income Tax Reconciliation Other Adjustments
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33000
CY2015 us-gaap Income Tax Reconciliation Other Adjustments
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103000
CY2017Q4 us-gaap Income Tax Reconciliation Repatriation Of Foreign Earnings
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200000
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CY2016 us-gaap Income Tax Reconciliation Tax Contingencies
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CY2015 us-gaap Income Tax Reconciliation Tax Contingencies
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4073000
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2128000
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1048000
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CY2016 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
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CY2015 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
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3694000
CY2017 us-gaap Increase Decrease In Cost In Excess Of Billing On Uncompleted Contract
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278000
CY2016 us-gaap Increase Decrease In Cost In Excess Of Billing On Uncompleted Contract
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CY2015 us-gaap Increase Decrease In Cost In Excess Of Billing On Uncompleted Contract
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CY2017 us-gaap Increase Decrease In Deferred Revenue
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CY2017 us-gaap Increase Decrease In Income Taxes Receivable
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77000
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138000
CY2016 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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630000
CY2015 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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1268000
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CY2017 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
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CY2016 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
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4743000
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CY2016 us-gaap Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Portion Attributable To Parent
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CY2016 us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Portion Attributable To Parent
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CY2015 us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Portion Attributable To Parent
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57000
CY2015 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
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57000
CY2016 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
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CY2017 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
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CY2017 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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38000
CY2016 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
55000
CY2015 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
295000
CY2015 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
238000
CY2016 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
131000
CY2017 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
57000
CY2017 us-gaap Other Interest And Dividend Income
OtherInterestAndDividendIncome
6000
CY2016 us-gaap Other Interest And Dividend Income
OtherInterestAndDividendIncome
14000
CY2015 us-gaap Other Interest And Dividend Income
OtherInterestAndDividendIncome
1000
CY2017Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
11381000
CY2016Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
11903000
CY2017 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
193000
CY2016 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
24000
CY2015 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
58000
CY2017 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
CY2016 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
CY2015 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
302000
CY2017 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
24000
CY2016 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
31000
CY2015 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
424000
CY2017 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2851000
CY2016 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2292000
CY2015 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
6831000
CY2017Q4 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Current And Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesCurrentAndNoncurrent
1700000
CY2016Q4 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Current And Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesCurrentAndNoncurrent
1900000
CY2017Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2016Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2017Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000
CY2016Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000
CY2017Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2016Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2017Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2016Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2017Q4 us-gaap Preferred Stock Value
PreferredStockValue
CY2016Q4 us-gaap Preferred Stock Value
PreferredStockValue
CY2017Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
6562000
CY2016Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
2096000
CY2017 us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
CY2016 us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
CY2015 us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
7219000
CY2017 us-gaap Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
CY2016 us-gaap Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
CY2015 us-gaap Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
4300000
CY2017 us-gaap Proceeds From Income Tax Refunds
ProceedsFromIncomeTaxRefunds
213000
CY2016 us-gaap Proceeds From Income Tax Refunds
ProceedsFromIncomeTaxRefunds
3427000
CY2015 us-gaap Proceeds From Income Tax Refunds
ProceedsFromIncomeTaxRefunds
7949000
CY2017 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
CY2016 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
CY2015 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
1000
CY2017 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
CY2016 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
CY2015 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
79250000
CY2017 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
146000
CY2016 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
33000
CY2015 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
55000
CY2017Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
153067000
CY2016Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
151148000
CY2017 us-gaap Property Plant And Equipment Impairment
PropertyPlantAndEquipmentImpairment
<div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" margin: 0pt; text-align: justify; font-family: Times New Roman, Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;">Property and Equipment</div></div> <div style=" font-family: Times New Roman, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</div> <div style=" margin: 0pt; text-align: justify; text-indent: 27pt; font-family: Times New Roman, Times, serif; font-size: 10pt;">Property and equipment is stated at cost. Maintenance and repairs are expensed as incurred, and costs of<div style="display: inline; font-family: Times New Roman, Times, serif; font-size: 10pt;"> new equipment and buildings, as well as costs of expansions or refurbishment of existing equipment and buildings, including interest where applicable, are capitalized. Depreciation and amortization are determined by the units of production method for most equipment and by the straight-line method for the remaining assets based on the estimated useful lives of the related assets. Estimated useful lives by major classes of property and equipment are as follows: Land improvements (<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">15</div>&nbsp;&#x2013; <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">30</div> years); Buildings (<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">20</div>&nbsp;&#x2013; <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">40</div> years); and Machinery and equipment (<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">3</div>&nbsp;&#x2013; <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">30</div> years). Depreciation expense calculated under the units of production method <div style="display: inline; font-style: italic; font-style: normal; font-weight: inherit;"> may </div>be less than, equal to, or greater than depreciation expense calculated under the straight-line method due to variances in production levels. Upon disposal, costs and related accumulated depreciation of the assets are removed from the accounts and resulting gains or losses are reflected in operating expenses. The Company leases certain equipment under long-term capital leases, which are being amortized on a straight-line basis over the shorter of its useful life or the lease term.</div></div> <div style=" font-family: Times New Roman, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</div> <div style=" margin: 0pt; text-align: justify; text-indent: 27.35pt; font-family: Times New Roman, Times, serif; font-size: 10pt;">The Company assesses impairment of <div style="display: inline; font-family: Times New Roman, Times, serif; font-size: 10pt;">property and equipment whenever changes in circumstances indicate that the carrying values of the asset or asset group(s) <div style="display: inline; font-style: italic; font-style: normal; font-weight: inherit;"> may </div><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">not</div> be recoverable. The asset group is the lowest level at which identifiable cash flows are largely independent of the cash flows of other groups of assets or liabilities. The recoverable value of a long-lived asset group is determined by estimating future undiscounted cash flows using assumptions about the expected future operating performance of the Company.</div></div></div></div></div></div>
CY2017Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
78756000
CY2016Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
81671000
CY2017 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
638000
CY2016 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
289000
CY2015 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-374000
CY2017Q4 us-gaap Receivables Net Current
ReceivablesNetCurrent
28990000
CY2016Q4 us-gaap Receivables Net Current
ReceivablesNetCurrent
25555000
CY2017 us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
327000
CY2016 us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
279000
CY2015 us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
1270000
CY2017 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
CY2016 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
CY2015 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
124837000
CY2017 us-gaap Restructuring Charges
RestructuringCharges
881000
CY2016 us-gaap Restructuring Charges
RestructuringCharges
990000
CY2015 us-gaap Restructuring Charges
RestructuringCharges
CY2017Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
81757000
CY2016Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
91920000
CY2017 us-gaap Sales Revenue Net
SalesRevenueNet
132780000
CY2016 us-gaap Sales Revenue Net
SalesRevenueNet
149387000
CY2015 us-gaap Sales Revenue Net
SalesRevenueNet
173160000
CY2017Q1 us-gaap Sales Revenue Net
SalesRevenueNet
29657000
CY2017Q2 us-gaap Sales Revenue Net
SalesRevenueNet
28692000
CY2017Q3 us-gaap Sales Revenue Net
SalesRevenueNet
38804000
CY2017Q4 us-gaap Sales Revenue Net
SalesRevenueNet
35627000
CY2016Q1 us-gaap Sales Revenue Net
SalesRevenueNet
29358000
CY2016Q2 us-gaap Sales Revenue Net
SalesRevenueNet
39775000
CY2016Q3 us-gaap Sales Revenue Net
SalesRevenueNet
41075000
CY2016Q4 us-gaap Sales Revenue Net
SalesRevenueNet
39179000
CY2017 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
14143000
CY2016 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
16921000
CY2015 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
20378000
CY2017 us-gaap Share Based Compensation
ShareBasedCompensation
1200000
CY2016 us-gaap Share Based Compensation
ShareBasedCompensation
1809000
CY2015 us-gaap Share Based Compensation
ShareBasedCompensation
1743000
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
34.77
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
24000
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
24.15
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
0
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
2000
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
0
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
0
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
0
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
26000
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
24000
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
24.97
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
24.15
CY2017 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
CY2017 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
CY2017Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
CY2017 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P2Y87D
CY2017 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
CY2017 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
0
CY2016 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
0
CY2015 us-gaap Stock Issued During Period Value Stock Options Exercised Net Of Tax Benefit Expense
StockIssuedDuringPeriodValueStockOptionsExercisedNetOfTaxBenefitExpense
423000
CY2016 us-gaap Stock Issued During Period Value Stock Options Exercised Net Of Tax Benefit Expense
StockIssuedDuringPeriodValueStockOptionsExercisedNetOfTaxBenefitExpense
31000
CY2017 us-gaap Stock Issued During Period Value Stock Options Exercised Net Of Tax Benefit Expense
StockIssuedDuringPeriodValueStockOptionsExercisedNetOfTaxBenefitExpense
24000
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
200264000
CY2016Q4 us-gaap Stockholders Equity
StockholdersEquity
209213000
CY2014Q4 us-gaap Stockholders Equity
StockholdersEquity
245635000
CY2015Q4 us-gaap Stockholders Equity
StockholdersEquity
217560000
CY2017Q4 us-gaap Tax Adjustments Settlements And Unusual Provisions
TaxAdjustmentsSettlementsAndUnusualProvisions
900000
CY2016Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
4874000
CY2015Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
4874000
CY2014Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
2313000
CY2017Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
4116000
CY2017 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
238000
CY2016 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
CY2015 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
CY2017Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
0
CY2016Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
100000
CY2015 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
100000
CY2017 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
CY2016 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
CY2015 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
44000
CY2017 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
CY2016 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
CY2015 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
3716000
CY2017 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
520000
CY2016 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
CY2015 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
1199000
CY2017 us-gaap Use Of Estimates
UseOfEstimates
<div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" margin: 0pt; text-align: justify; font-family: Times New Roman, Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;">Use of Estimates</div></div> <div style=" font-family: Times New Roman, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</div> <div style=" margin: 0pt; text-align: justify; text-indent: 27pt; font-family: Times New Roman, Times, serif; font-size: 10pt;">The preparation of <div style="display: inline; font-family: Times New Roman, Times, serif; font-size: 10pt;">the Consolidated Financial Statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and judgments that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The Company bases its estimates on historical experience and on various other assumptions that are believed to be reasonable under the circumstances. On an ongoing basis, the Company evaluates all of its estimates, including those related to allowance for doubtful accounts, inventories, long-lived assets (including depreciation and amortization), revenue recognition, share-based compensation, income taxes and litigation and other contingencies. Actual results <div style="display: inline; font-style: italic; font-style: normal; font-weight: inherit;"> may </div>differ from these estimates under different assumptions or conditions.</div></div></div></div></div></div>
CY2017 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
CY2016 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
CY2015 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
CY2017 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
9613000
CY2016 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
9588000
CY2015 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
9560000
CY2017 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
9613000
CY2016 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
9588000
CY2015 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
9560000
CY2017 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
9613000
CY2016 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
9588000
CY2015 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
9560000
CY2017Q4 us-gaap Workers Compensation Liability Current
WorkersCompensationLiabilityCurrent
422000
CY2016Q4 us-gaap Workers Compensation Liability Current
WorkersCompensationLiabilityCurrent
569000
CY2017Q4 us-gaap Workers Compensation Liability Current And Noncurrent
WorkersCompensationLiabilityCurrentAndNoncurrent
3700000
CY2016Q4 us-gaap Workers Compensation Liability Current And Noncurrent
WorkersCompensationLiabilityCurrentAndNoncurrent
3400000

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