2019 Q2 Form 10-Q Financial Statement

#000007525219000073 Filed on May 07, 2019

View on sec.gov

Income Statement

Concept 2019 Q2 2019 Q1 2018 Q1
Revenue $2.377B $2.351B $2.373B
YoY Change -3.32% -0.92% 1.89%
Cost Of Revenue $2.090B $2.074B $2.048B
YoY Change -2.02% 1.29% 0.02%
Gross Profit $286.5M $276.6M $324.7M
YoY Change -11.84% -14.8% 15.47%
Gross Profit Margin 12.06% 11.77% 13.68%
Selling, General & Admin $264.2M $255.1M $284.4M
YoY Change -14.43% -10.29% 19.63%
% of Gross Profit 92.22% 92.22% 87.58%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $30.18M $28.72M $17.91M
YoY Change 16.52% 60.35% 42.63%
% of Gross Profit 10.53% 10.38% 5.52%
Operating Expenses $264.2M $255.1M $284.4M
YoY Change -14.43% -10.29% 19.63%
Operating Profit $15.90M $16.60M $24.22M
YoY Change -109.24% -31.44% -31.82%
Interest Expense $26.05M $25.46M $10.25M
YoY Change 40.26% 148.3% 52.03%
% of Operating Profit 163.83% 153.32% 42.34%
Other Income/Expense, Net -$731.0K -$2.734M
YoY Change
Pretax Income -$10.88M -$11.59M $13.96M
YoY Change -94.29% -182.98% -51.47%
Income Tax -$1.146M -$670.0K $5.813M
% Of Pretax Income 41.63%
Net Earnings -$10.48M -$14.10M $8.151M
YoY Change -94.27% -272.94% -56.61%
Net Earnings / Revenue -0.44% -0.6% 0.34%
Basic Earnings Per Share
Diluted Earnings Per Share -$175.6K -$233.4K $136.9K
COMMON SHARES
Basic Shares Outstanding 62.94M shares 62.24M shares 61.52M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2019 Q2 2019 Q1 2018 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $91.30M $75.20M $87.60M
YoY Change -22.76% -14.16% -31.13%
Cash & Equivalents $91.34M $75.24M $87.63M
Short-Term Investments
Other Short-Term Assets $302.2M $336.1M $300.3M
YoY Change -5.61% 11.92% 14.95%
Inventory $1.238B $1.211B $1.022B
Prepaid Expenses
Receivables $843.3M $843.4M $778.2M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $2.475B $2.465B $2.188B
YoY Change -1.61% 12.68% 12.6%
LONG-TERM ASSETS
Property, Plant & Equipment $389.9M $386.1M $207.0M
YoY Change 13.33% 86.5% 6.01%
Goodwill $407.7M $413.2M $715.4M
YoY Change -45.1% -42.24% 71.69%
Intangibles $311.0M $311.3M $178.9M
YoY Change -9.2% 74.0% 121.56%
Long-Term Investments
YoY Change
Other Assets $106.6M $109.3M $102.4M
YoY Change 7.92% 6.72% 58.02%
Total Long-Term Assets $1.421B $1.417B $1.204B
YoY Change -6.97% 17.72% 58.9%
TOTAL ASSETS
Total Short-Term Assets $2.475B $2.465B $2.188B
Total Long-Term Assets $1.421B $1.417B $1.204B
Total Assets $3.896B $3.882B $3.392B
YoY Change -3.64% 14.47% 25.59%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.039B $990.7M $958.3M
YoY Change -2.67% 3.38% 28.6%
Accrued Expenses $96.20M $85.90M $14.80M
YoY Change 157.22% 480.41% -48.25%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $2.700M $2.400M
YoY Change
Total Short-Term Liabilities $1.470B $1.410B $1.326B
YoY Change 3.49% 6.31% 31.59%
LONG-TERM LIABILITIES
Long-Term Debt $1.625B $1.685B $897.1M
YoY Change -2.68% 87.84% 59.03%
Other Long-Term Liabilities $92.79M $87.87M $76.41M
YoY Change 10.18% 15.0% 11.32%
Total Long-Term Liabilities $92.79M $87.87M $76.41M
YoY Change 10.18% 15.0% 11.32%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.470B $1.410B $1.326B
Total Long-Term Liabilities $92.79M $87.87M $76.41M
Total Liabilities $3.399B $3.381B $2.373B
YoY Change 4.88% 42.48% 37.1%
SHAREHOLDERS EQUITY
Retained Earnings $175.9M $186.5M $682.8M
YoY Change -63.65% -72.69% -0.84%
Common Stock $370.7M $367.4M $351.9M
YoY Change 4.55% 4.41% 2.59%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $496.9M $501.8M $173.0K
YoY Change
Total Liabilities & Shareholders Equity $3.896B $3.882B $3.392B
YoY Change -3.64% 14.47% 25.59%

Cashflow Statement

Concept 2019 Q2 2019 Q1 2018 Q1
OPERATING ACTIVITIES
Net Income -$10.48M -$14.10M $8.151M
YoY Change -94.27% -272.94% -56.61%
Depreciation, Depletion And Amortization $30.18M $28.72M $17.91M
YoY Change 16.52% 60.35% 42.63%
Cash From Operating Activities $89.90M -$60.90M $18.27M
YoY Change 221.07% -433.3% -169.32%
INVESTING ACTIVITIES
Capital Expenditures -$11.20M $11.67M $7.074M
YoY Change -29.56% 65.03% -30.28%
Acquisitions
YoY Change
Other Investing Activities $0.00 $300.0K $0.00
YoY Change -100.0% -100.0%
Cash From Investing Activities -$11.20M -$14.01M -$14.16M
YoY Change -98.51% -1.07% -2.03%
FINANCING ACTIVITIES
Cash Dividend Paid $4.764M $16.07M
YoY Change -70.36% 2.12%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $12.39M $3.125M
YoY Change 296.61%
Cash From Financing Activities -65.60M $49.51M -$21.80M
YoY Change -108.76% -327.06% 17.86%
NET CHANGE
Cash From Operating Activities 89.90M -$60.90M $18.27M
Cash From Investing Activities -11.20M -$14.01M -$14.16M
Cash From Financing Activities -65.60M $49.51M -$21.80M
Net Change In Cash 13.10M -$28.13M -$16.89M
YoY Change -52.01% 66.54% -71.52%
FREE CASH FLOW
Cash From Operating Activities $89.90M -$60.90M $18.27M
Capital Expenditures -$11.20M $11.67M $7.074M
Free Cash Flow $101.1M -$72.58M $11.20M
YoY Change 130.3% -748.08% -130.68%

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LesseeOperatingLeaseDiscountRate
0.123
CY2019Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
298660000 USD
CY2019Q1 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
83122000 USD
CY2019Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
22120000 USD
CY2019Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
30612000 USD
CY2019Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
49044000 USD
CY2019Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
57703000 USD
CY2019Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
56059000 USD
CY2019Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
98081000 USD
CY2019Q1 us-gaap Lessee Operating Lease Renewal Term
LesseeOperatingLeaseRenewalTerm
P5Y
CY2018Q4 us-gaap Liabilities
Liabilities
3255369000 USD
CY2019Q1 us-gaap Liabilities
Liabilities
3380525000 USD
CY2018Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
3773788000 USD
CY2019Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
3882364000 USD
CY2018Q4 us-gaap Liabilities Current
LiabilitiesCurrent
1472011000 USD
CY2019Q1 us-gaap Liabilities Current
LiabilitiesCurrent
1409676000 USD
CY2018Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
1650582000 USD
CY2019Q1 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
1685135000 USD
CY2018Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-21803000 USD
CY2019Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
49505000 USD
CY2018Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-14160000 USD
CY2019Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-14008000 USD
CY2018Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
18273000 USD
CY2019Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-60904000 USD
CY2018Q1 us-gaap Net Income Loss
NetIncomeLoss
8151000 USD
CY2019Q1 us-gaap Net Income Loss
NetIncomeLoss
-14096000 USD
CY2018Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
7828000 USD
CY2019Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-14096000 USD
CY2019Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2018Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
24217000 USD
CY2019Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
14692000 USD
CY2019Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
17437000 USD
CY2019Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
200579000 USD
CY2019Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
44876000 USD
CY2019Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
155703000 USD
CY2019Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
16695000 USD
CY2019Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
197200000 USD
CY2019Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P6Y3M18D
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
251748000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
64082000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
19895000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
26445000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
42480000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
53138000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
45708000 USD
CY2018Q4 us-gaap Other Assets Current
OtherAssetsCurrent
321690000 USD
CY2019Q1 us-gaap Other Assets Current
OtherAssetsCurrent
336065000 USD
CY2018Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
112601000 USD
CY2019Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
109294000 USD
CY2018Q1 us-gaap Other Comprehensive Income Defined Benefit Plans Adjustment Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentBeforeTaxPortionAttributableToParent
-380000 USD
CY2019Q1 us-gaap Other Comprehensive Income Defined Benefit Plans Adjustment Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentBeforeTaxPortionAttributableToParent
-197000 USD
CY2018Q1 us-gaap Other Comprehensive Income Defined Benefit Plans Tax Portion Attributable To Parent
OtherComprehensiveIncomeDefinedBenefitPlansTaxPortionAttributableToParent
-142000 USD
CY2019Q1 us-gaap Other Comprehensive Income Defined Benefit Plans Tax Portion Attributable To Parent
OtherComprehensiveIncomeDefinedBenefitPlansTaxPortionAttributableToParent
-69000 USD
CY2018Q1 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
8921000 USD
CY2019Q1 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-4207000 USD
CY2018Q1 us-gaap Other Comprehensive Income Foreign Currency Translation Adjustment Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTaxPortionAttributableToParent
0 USD
CY2019Q1 us-gaap Other Comprehensive Income Foreign Currency Translation Adjustment Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTaxPortionAttributableToParent
0 USD
CY2018Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
9307000 USD
CY2019Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-6423000 USD
CY2018Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
9307000 USD
CY2019Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-6423000 USD
CY2018Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax
-500000 USD
CY2019Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax
-300000 USD
CY2018Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
314219000 USD
CY2019Q1 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
377989000 USD
CY2018Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
81924000 USD
CY2019Q1 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
87867000 USD
CY2019Q1 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
-39000 USD
CY2018Q1 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-278000 USD
CY2019Q1 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-3678000 USD
CY2018Q1 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
-1349000 USD
CY2018Q1 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
323000 USD
CY2019Q1 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
0 USD
CY2018Q1 us-gaap Payments For Software
PaymentsForSoftware
7086000 USD
CY2019Q1 us-gaap Payments For Software
PaymentsForSoftware
2605000 USD
CY2018Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
16074000 USD
CY2019Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
4764000 USD
CY2018Q1 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
0 USD
CY2019Q1 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
4313000 USD
CY2018Q1 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
14160000 USD
CY2019Q1 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
14279000 USD
CY2018Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
7074000 USD
CY2019Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
11674000 USD
CY2018Q1 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-2304000 USD
CY2019Q1 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-1124000 USD
CY2018Q1 us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
-300000 USD
CY2019Q1 us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
72100000 USD
CY2018Q1 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
0 USD
CY2019Q1 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
271000 USD
CY2018Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
386723000 USD
CY2019Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
386135000 USD
CY2018Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
1073000 USD
CY2019Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
3619000 USD
CY2018Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
3125000 USD
CY2019Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
12394000 USD
CY2018Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
200670000 USD
CY2019Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
186455000 USD
CY2018Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2372579000 USD
CY2019Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2461388000 USD
CY2018Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
284361000 USD
CY2019Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
338703000 USD
CY2018Q1 us-gaap Share Based Compensation
ShareBasedCompensation
3035000 USD
CY2019Q1 us-gaap Share Based Compensation
ShareBasedCompensation
4505000 USD
CY2018Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
2008000 USD
CY2019Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
4058000 USD
CY2019Q1 us-gaap Stock Repurchase Program Period In Force1
StockRepurchaseProgramPeriodInForce1
P3Y
CY2019Q1 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
94000000 USD
CY2018Q1 us-gaap Stockholders Equity
StockholdersEquity
173000 USD
CY2019Q1 us-gaap Stockholders Equity
StockholdersEquity
-7328000 USD
CY2017Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1015479000 USD
CY2018Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1018918000 USD
CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
518419000 USD
CY2019Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
501839000 USD
CY2018Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
9600000 USD
CY2019Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
11200000 USD
CY2018Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
59969000 shares
CY2019Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
60376000 shares
CY2019Q1 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:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Reclassifications</font></div><div style="line-height:120%;padding-top:8px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Certain prior year amounts have been reclassified to conform to current year presentation.</font></div></div>
CY2019Q1 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:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Use of Estimates</font></div><div style="line-height:120%;padding-top:8px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of consolidated financial statements in conformity with GAAP requires us to make assumptions and estimates that affect reported amounts and related disclosures. Actual results may differ from these estimates.</font></div></div>

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