2018 Q2 Form 10-Q Financial Statement
#000159552718000008 Filed on May 14, 2018
Income Statement
Concept | 2018 Q2 | 2018 Q1 | 2017 Q1 |
---|---|---|---|
Revenue | $15.20M | $15.23M | $14.58M |
YoY Change | 4.48% | 4.43% | 71.44% |
Cost Of Revenue | $8.310M | $8.340M | |
YoY Change | |||
Gross Profit | $6.890M | $6.890M | |
YoY Change | |||
Gross Profit Margin | 45.34% | 45.24% | |
Selling, General & Admin | $2.540M | $3.000M | |
YoY Change | |||
% of Gross Profit | 36.87% | 43.54% | |
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $7.560M | $7.730M | |
YoY Change | |||
% of Gross Profit | 109.72% | 112.19% | |
Operating Expenses | $18.41M | $19.07M | $16.71M |
YoY Change | 7.22% | 14.13% | 54.38% |
Operating Profit | -$3.213M | -$3.845M | -$2.170M |
YoY Change | 22.4% | 77.19% | -6.47% |
Interest Expense | $3.380M | $2.803M | $2.665M |
YoY Change | 19.27% | 5.18% | 119.16% |
% of Operating Profit | |||
Other Income/Expense, Net | -$3.316M | -$2.739M | -$2.616M |
YoY Change | 21.15% | 4.7% | 141.11% |
Pretax Income | -$6.530M | -$6.580M | |
YoY Change | |||
Income Tax | |||
% Of Pretax Income | |||
Net Earnings | -$6.529M | -$6.584M | -$4.786M |
YoY Change | 21.76% | 37.57% | 40.56% |
Net Earnings / Revenue | -42.97% | -43.23% | -32.82% |
Basic Earnings Per Share | -$0.21 | ||
Diluted Earnings Per Share | -$512.2K | -$0.21 | |
COMMON SHARES | |||
Basic Shares Outstanding | 31.34M shares | 31.43M shares | 30.74M shares |
Diluted Shares Outstanding | 31.43M shares |
Balance Sheet
Concept | 2018 Q2 | 2018 Q1 | 2017 Q1 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $70.50M | $26.90M | |
YoY Change | |||
Cash & Equivalents | $70.51M | $26.94M | $49.55M |
Short-Term Investments | |||
Other Short-Term Assets | $19.10M | $18.60M | |
YoY Change | |||
Inventory | |||
Prepaid Expenses | |||
Receivables | |||
Other Receivables | |||
Total Short-Term Assets | $89.60M | $45.50M | |
YoY Change | |||
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $676.7M | $681.5M | |
YoY Change | |||
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $13.80M | $14.60M | |
YoY Change | |||
Total Long-Term Assets | $690.5M | $696.2M | |
YoY Change | |||
TOTAL ASSETS | |||
Total Short-Term Assets | $89.60M | $45.50M | |
Total Long-Term Assets | $690.5M | $696.2M | |
Total Assets | $780.1M | $741.7M | $799.4M |
YoY Change | -0.79% | -7.22% | 11.46% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $10.30M | $12.10M | |
YoY Change | |||
Accrued Expenses | |||
YoY Change | |||
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | |
YoY Change | |||
Long-Term Debt Due | $0.00 | $0.00 | |
YoY Change | |||
Total Short-Term Liabilities | $10.30M | $12.10M | |
YoY Change | |||
LONG-TERM LIABILITIES | |||
Long-Term Debt | $281.5M | $233.6M | |
YoY Change | |||
Other Long-Term Liabilities | $27.90M | $29.20M | |
YoY Change | |||
Total Long-Term Liabilities | $309.4M | $262.8M | |
YoY Change | |||
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $10.30M | $12.10M | |
Total Long-Term Liabilities | $309.4M | $262.8M | |
Total Liabilities | $319.8M | $274.8M | $276.3M |
YoY Change | 16.08% | -0.51% | 111.73% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$231.4M | -$224.9M | -$156.8M |
YoY Change | 33.07% | 43.36% | 75.55% |
Common Stock | $313.0K | $313.0K | $308.0K |
YoY Change | 0.97% | 1.62% | 0.65% |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $460.4M | $466.9M | $523.2M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $780.1M | $741.7M | $799.4M |
YoY Change | -0.79% | -7.22% | 11.46% |
Cashflow Statement
Concept | 2018 Q2 | 2018 Q1 | 2017 Q1 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$6.529M | -$6.584M | -$4.786M |
YoY Change | 21.76% | 37.57% | 40.56% |
Depreciation, Depletion And Amortization | $7.560M | $7.730M | |
YoY Change | |||
Cash From Operating Activities | -$600.0K | -$2.260M | $1.515M |
YoY Change | -249.17% | 15.83% | |
INVESTING ACTIVITIES | |||
Capital Expenditures | -$2.180M | -$80.00K | |
YoY Change | |||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $0.00 | ||
YoY Change | |||
Cash From Investing Activities | -$2.180M | -$76.00K | -$2.035M |
YoY Change | -96.27% | -91.3% | |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | $7.473M | $6.661M | |
YoY Change | 12.19% | 13.22% | |
Common Stock Issuance & Retirement, Net | $2.400M | -$773.8M | $5.576M |
YoY Change | -13977.04% | 253.13% | |
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 45.38M | -$9.789M | $28.83M |
YoY Change | -133.95% | -485.09% | |
NET CHANGE | |||
Cash From Operating Activities | -600.0K | -$2.260M | $1.515M |
Cash From Investing Activities | -2.180M | -$76.00K | -$2.035M |
Cash From Financing Activities | 45.38M | -$9.789M | $28.83M |
Net Change In Cash | 42.60M | -$12.13M | $28.31M |
YoY Change | -142.83% | -195.78% | |
FREE CASH FLOW | |||
Cash From Operating Activities | -$600.0K | -$2.260M | $1.515M |
Capital Expenditures | -$2.180M | -$80.00K | |
Free Cash Flow | $1.580M | -$2.180M | |
YoY Change |
Facts In Submission
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CY2018Q1 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
|
0 | USD |
CY2018Q1 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
|
0 | USD |
CY2018Q1 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
|
0 | USD |
CY2018Q1 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
|
0 | USD |
CY2018Q1 | us-gaap |
Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
|
0 | USD |
CY2017Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
28832000 | USD |
CY2018Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-9789000 | USD |
CY2017Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-2035000 | USD |
CY2018Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-76000 | USD |
CY2017Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
1515000 | USD |
CY2018Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-2260000 | USD |
CY2017Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-4786000 | USD |
CY2018Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-6584000 | USD |
CY2018Q1 | us-gaap |
Net Rentable Area
NetRentableArea
|
1100000 | sqft |
CY2017Q1 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-2616000 | USD |
CY2018Q1 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-2739000 | USD |
CY2018Q1 | us-gaap |
Number Of Real Estate Properties
NumberOfRealEstateProperties
|
6 | property |
CY2017Q1 | us-gaap |
Operating Expenses
OperatingExpenses
|
16713000 | USD |
CY2018Q1 | us-gaap |
Operating Expenses
OperatingExpenses
|
19074000 | USD |
CY2017Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-2170000 | USD |
CY2018Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-3845000 | USD |
CY2018Q1 | us-gaap |
Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
|
239282000 | USD |
CY2018Q1 | us-gaap |
Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
|
4746000 | USD |
CY2018Q1 | us-gaap |
Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
|
4746000 | USD |
CY2018Q1 | us-gaap |
Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
|
4746000 | USD |
CY2018Q1 | us-gaap |
Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
|
4746000 | USD |
CY2018Q1 | us-gaap |
Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
|
216738000 | USD |
CY2018Q1 | us-gaap |
Operating Leases Future Minimum Payments Receivable
OperatingLeasesFutureMinimumPaymentsReceivable
|
323896000 | USD |
CY2018Q1 | us-gaap |
Operating Leases Future Minimum Payments Receivable In Five Years
OperatingLeasesFutureMinimumPaymentsReceivableInFiveYears
|
36003000 | USD |
CY2018Q1 | us-gaap |
Operating Leases Future Minimum Payments Receivable In Four Years
OperatingLeasesFutureMinimumPaymentsReceivableInFourYears
|
39547000 | USD |
CY2018Q1 | us-gaap |
Operating Leases Future Minimum Payments Receivable In Three Years
OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears
|
43443000 | USD |
CY2018Q1 | us-gaap |
Operating Leases Future Minimum Payments Receivable In Two Years
OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears
|
47550000 | USD |
CY2018Q1 | us-gaap |
Operating Leases Future Minimum Payments Receivable Remainder Of Fiscal Year
OperatingLeasesFutureMinimumPaymentsReceivableRemainderOfFiscalYear
|
36080000 | USD |
CY2018Q1 | us-gaap |
Operating Leases Future Minimum Payments Receivable Thereafter
OperatingLeasesFutureMinimumPaymentsReceivableThereafter
|
121273000 | USD |
CY2018Q1 | us-gaap |
Operating Leases Future Minimum Payments Remainder Of Fiscal Year
OperatingLeasesFutureMinimumPaymentsRemainderOfFiscalYear
|
3560000 | USD |
CY2017Q1 | us-gaap |
Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
|
13043000 | USD |
CY2018Q1 | us-gaap |
Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
|
14033000 | USD |
CY2017Q1 | us-gaap |
Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
|
1200000 | USD |
CY2018Q1 | us-gaap |
Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
|
1200000 | USD |
CY2017Q1 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
6000 | USD |
CY2018Q1 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
0 | USD |
CY2017Q1 | us-gaap |
Other Nonoperating Income
OtherNonoperatingIncome
|
49000 | USD |
CY2018Q1 | us-gaap |
Other Nonoperating Income
OtherNonoperatingIncome
|
64000 | USD |
CY2017Q1 | us-gaap |
Payments For Capital Improvements
PaymentsForCapitalImprovements
|
2035000 | USD |
CY2018Q1 | us-gaap |
Payments For Capital Improvements
PaymentsForCapitalImprovements
|
76000 | USD |
CY2017Q1 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
5576000 | USD |
CY2018Q1 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
2216000 | USD |
CY2017Q1 | us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
6661000 | USD |
CY2018Q1 | us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
7473000 | USD |
CY2017Q1 | us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
2931000 | USD |
CY2018Q1 | us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
100000 | USD |
CY2017Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.01 | |
CY2018Q1 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.01 | |
CY2017Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
50000000 | shares |
CY2018Q1 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
50000000 | shares |
CY2017Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2018Q1 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2017Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
CY2018Q1 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
CY2017Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
0 | USD |
CY2018Q1 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
0 | USD |
CY2017Q4 | us-gaap |
Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
|
17721000 | USD |
CY2018Q1 | us-gaap |
Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
|
18635000 | USD |
CY2018Q1 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
2400000 | USD |
CY2018Q1 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
776000000 | USD |
CY2018Q1 | us-gaap |
Proceeds From Issuance Of Common Stock Dividend Reinvestment Plan
ProceedsFromIssuanceOfCommonStockDividendReinvestmentPlan
|
68800000 | USD |
CY2017Q1 | us-gaap |
Proceeds From Secured Notes Payable
ProceedsFromSecuredNotesPayable
|
140000000 | USD |
CY2018Q1 | us-gaap |
Proceeds From Secured Notes Payable
ProceedsFromSecuredNotesPayable
|
0 | USD |
CY2017Q4 | us-gaap |
Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
|
64926000 | USD |
CY2018Q1 | us-gaap |
Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
|
71382000 | USD |
CY2017Q4 | us-gaap |
Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
|
753793000 | USD |
CY2018Q1 | us-gaap |
Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
|
752909000 | USD |
CY2017Q4 | us-gaap |
Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
|
688867000 | USD |
CY2018Q1 | us-gaap |
Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
|
681527000 | USD |
CY2017Q4 | us-gaap |
Related Party Transaction Due From To Related Party
RelatedPartyTransactionDueFromToRelatedParty
|
-529000 | USD |
CY2018Q1 | us-gaap |
Related Party Transaction Due From To Related Party
RelatedPartyTransactionDueFromToRelatedParty
|
-158000 | USD |
CY2017Q1 | us-gaap |
Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
|
3353000 | USD |
CY2018Q1 | us-gaap |
Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
|
2683000 | USD |
CY2017Q1 | us-gaap |
Repayments Of Secured Debt
RepaymentsOfSecuredDebt
|
96000000 | USD |
CY2018Q1 | us-gaap |
Repayments Of Secured Debt
RepaymentsOfSecuredDebt
|
0 | USD |
CY2017Q4 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
7618000 | USD |
CY2018Q1 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
8156000 | USD |
CY2017Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-210605000 | USD |
CY2018Q1 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-224861000 | USD |
CY2017Q1 | us-gaap |
Revenues
Revenues
|
14543000 | USD |
CY2018Q1 | us-gaap |
Revenues
Revenues
|
15229000 | USD |
CY2018Q1 | us-gaap |
Sale Of Stock Price Per Share
SaleOfStockPricePerShare
|
17.03 | |
CY2018Q1 | us-gaap |
Secured Debt
SecuredDebt
|
239000000 | USD |
CY2017Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
12000 | USD |
CY2018Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
17000 | USD |
CY2018Q1 | us-gaap |
Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
|
140000 | shares |
CY2018Q1 | us-gaap |
Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
|
139993 | shares |
CY2017Q1 | us-gaap |
Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
|
4795000 | USD |
CY2018Q1 | us-gaap |
Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
|
4231000 | USD |
us-gaap |
Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
|
99131 | shares | |
CY2018Q1 | us-gaap |
Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
|
10183 | shares |
CY2017Q1 | us-gaap |
Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
|
276624 | shares |
CY2017Q2 | us-gaap |
Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
|
578 | shares |
CY2017Q3 | us-gaap |
Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
|
82256 | shares |
CY2018Q1 | us-gaap |
Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
|
109314 | shares |
us-gaap |
Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
|
2000000 | USD | |
CY2018Q1 | us-gaap |
Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
|
200000 | USD |
CY2017Q1 | us-gaap |
Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
|
5600000 | USD |
CY2017Q2 | us-gaap |
Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
|
13700 | USD |
CY2017Q3 | us-gaap |
Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
|
1700000 | USD |
CY2018Q1 | us-gaap |
Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
|
4600000 | USD |
CY2017Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
481484000 | USD |
CY2018Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
466876000 | USD |
CY2017Q1 | us-gaap |
Tenant Reimbursements
TenantReimbursements
|
1500000 | USD |
CY2018Q1 | us-gaap |
Tenant Reimbursements
TenantReimbursements
|
1196000 | USD |
CY2017Q1 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
30814927 | shares |
CY2018Q1 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
31431555 | shares |
CY2018Q1 | us-gaap |
Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
|
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:6px;padding-top:6px;text-align:justify;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-bottom:6px;padding-top:6px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The presentation of prior year restricted cash on the Company's consolidated statements of cash flows, related to the adoption of a new accounting standard in 2017 has been changed to conform to the current year presentation. </font></div></div> |