2017 Q1 Form 10-Q Financial Statement

#000156459017008818 Filed on May 04, 2017

View on sec.gov

Income Statement

Concept 2017 Q1 2016 Q4 2016 Q1
Revenue $181.2M $166.8M $172.9M
YoY Change 4.81% -2.18% 7.25%
Cost Of Revenue $66.00M $63.10M $62.90M
YoY Change 4.93% 2.27% 1.62%
Gross Profit $115.3M $103.7M $110.0M
YoY Change 4.82% -4.69% 10.78%
Gross Profit Margin 63.62% 62.17% 63.61%
Selling, General & Admin $13.60M $14.20M $14.00M
YoY Change -2.86% 4.41% 11.11%
% of Gross Profit 11.8% 13.69% 12.73%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $63.00M $61.00M $74.80M
YoY Change -15.78% -13.96% 1.63%
% of Gross Profit 54.64% 58.82% 68.0%
Operating Expenses $142.8M $75.10M $152.7M
YoY Change -6.44% -11.33% 3.09%
Operating Profit $38.42M $28.60M $20.27M
YoY Change 89.57% 18.67% 54.15%
Interest Expense $34.29M -$30.40M $35.86M
YoY Change -4.39% 721.62% -13.18%
% of Operating Profit 89.25% -106.29% 176.96%
Other Income/Expense, Net $1.700M $200.0K
YoY Change
Pretax Income $5.911M -$200.0K -$7.124M
YoY Change -182.97% -101.01% -34.36%
Income Tax $4.282M $2.600M $363.0K
% Of Pretax Income 72.44%
Net Earnings $372.0K -$6.489M -$6.494M
YoY Change -105.73% -172.87% -33.26%
Net Earnings / Revenue 0.21% -3.89% -3.76%
Basic Earnings Per Share $0.00 -$0.03 -$0.03
Diluted Earnings Per Share $0.00 -$0.03 -$0.03
COMMON SHARES
Basic Shares Outstanding 230.9M 221.1M 212.4M
Diluted Shares Outstanding 231.0M 212.4M

Balance Sheet

Concept 2017 Q1 2016 Q4 2016 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $125.7M $185.4M $178.7M
YoY Change -29.66% 12.06% -53.08%
Cash & Equivalents $125.7M $163.0M $178.7M
Short-Term Investments $22.39M
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $12.60M $15.30M $12.10M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $138.3M $178.3M $190.8M
YoY Change -27.52% 15.26% -51.55%
LONG-TERM ASSETS
Property, Plant & Equipment $7.498B $7.531B $7.390B
YoY Change 1.46% 1.65% -0.47%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $140.8M $112.0M $109.7M
YoY Change 28.35% -77.56% -68.84%
Other Assets $679.3M $610.9M $217.2M
YoY Change 212.75% 213.93% 78.33%
Total Long-Term Assets $8.747B $8.689B $8.213B
YoY Change 6.5% 0.57% -4.04%
TOTAL ASSETS
Total Short-Term Assets $138.3M $178.3M $190.8M
Total Long-Term Assets $8.747B $8.689B $8.213B
Total Assets $8.886B $8.867B $8.404B
YoY Change 5.73% 0.83% -6.13%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $88.30M $103.9M $154.7M
YoY Change -42.92% 1.17% 97.57%
Accrued Expenses
YoY Change
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 $113.5M $129.1M $179.8M
YoY Change -36.87% 1.02% 129.63%
LONG-TERM LIABILITIES
Long-Term Debt $3.705B $3.622B $2.991B
YoY Change 23.87% 20.12% 2.32%
Other Long-Term Liabilities $220.3M $228.5M $330.0M
YoY Change -33.24% -28.32% -24.81%
Total Long-Term Liabilities $3.925B $3.851B $3.321B
YoY Change 18.2% 15.48% -1.22%
TOTAL LIABILITIES
Total Short-Term Liabilities $113.5M $129.1M $179.8M
Total Long-Term Liabilities $3.925B $3.851B $3.321B
Total Liabilities $4.892B $3.981B $4.678B
YoY Change 4.56% 14.91% 35.85%
SHAREHOLDERS EQUITY
Retained Earnings -$129.7M
YoY Change 258.95%
Common Stock $4.119B
YoY Change 8.26%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.994B $3.990B $3.726B
YoY Change
Total Liabilities & Shareholders Equity $8.886B $8.867B $8.404B
YoY Change 5.73% 1.05% -6.13%

Cashflow Statement

Concept 2017 Q1 2016 Q4 2016 Q1
OPERATING ACTIVITIES
Net Income $372.0K -$6.489M -$6.494M
YoY Change -105.73% -172.87% -33.26%
Depreciation, Depletion And Amortization $63.00M $61.00M $74.80M
YoY Change -15.78% -13.96% 1.63%
Cash From Operating Activities $17.70M $74.90M $82.00M
YoY Change -78.41% -199.6% -11814.29%
INVESTING ACTIVITIES
Capital Expenditures -$15.10M -$543.1M -$33.20M
YoY Change -54.52% 1278.43% 53.7%
Acquisitions
YoY Change
Other Investing Activities -$48.50M $53.20M -$600.0K
YoY Change 7983.33% 35.03% -146.15%
Cash From Investing Activities -$63.50M -$489.9M -$33.80M
YoY Change 87.87% 66.5%
FINANCING ACTIVITIES
Cash Dividend Paid $21.85M $20.15M
YoY Change 8.44% -42.96%
Common Stock Issuance & Retirement, Net $154.0K
YoY Change
Debt Paid & Issued, Net $873.6M $354.0K
YoY Change 246691.53% 5.04%
Cash From Financing Activities 8.600M 494.6M -5.400M
YoY Change -259.26% -348.54% -85.29%
NET CHANGE
Cash From Operating Activities 17.70M 74.90M 82.00M
Cash From Investing Activities -63.50M -489.9M -33.80M
Cash From Financing Activities 8.600M 494.6M -5.400M
Net Change In Cash -37.20M 79.60M 42.80M
YoY Change -186.92% -129.03% -174.18%
FREE CASH FLOW
Cash From Operating Activities $17.70M $74.90M $82.00M
Capital Expenditures -$15.10M -$543.1M -$33.20M
Free Cash Flow $32.80M $618.0M $115.2M
YoY Change -71.53% -1826.26% 451.2%

Facts In Submission

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CY2017Q1 pgre Proceeds From Unconsolidated Real Estate Funds Capital Distributions
ProceedsFromUnconsolidatedRealEstateFundsCapitalDistributions
3845000
CY2017Q1 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-63538000
CY2016Q1 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-33793000
CY2017Q1 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
991556000
CY2017Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
873642000
CY2016Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
354000
CY2017Q1 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
65000000
CY2016Q1 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
20000000
CY2017Q1 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
35000000
CY2016Q1 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
40000000
CY2017Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
21851000
CY2016Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
20151000
CY2017Q1 us-gaap Payments For Derivative Instrument Financing Activities
PaymentsForDerivativeInstrumentFinancingActivities
19425000
CY2017Q1 us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
7472000
CY2017Q1 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
7338000
CY2017Q1 us-gaap Distribution Made To Limited Partner Cash Distributions Paid
DistributionMadeToLimitedPartnerCashDistributionsPaid
3300000
CY2016Q1 us-gaap Distribution Made To Limited Partner Cash Distributions Paid
DistributionMadeToLimitedPartnerCashDistributionsPaid
4917000
CY2017Q1 pgre Payments For Debt Breakage Costs
PaymentsForDebtBreakageCosts
2715000
CY2017Q1 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
8591000
CY2016Q1 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-5422000
CY2017Q1 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-37231000
CY2016Q1 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
42824000
CY2016Q1 pgre Decrease In Cash Due To Deconsolidation Of Real Estate Fund Investments
DecreaseInCashDueToDeconsolidationOfRealEstateFundInvestments
7987000
CY2016Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
178721000
CY2017Q1 us-gaap Interest Paid Net
InterestPaidNet
41375000
CY2017Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
1090000
CY2017Q1 pgre Dividends And Distributions Declared But Not Paid
DividendsAndDistributionsDeclaredButNotPaid
25207000
CY2017Q1 pgre Change In Fair Value Of Interest Rate Swaps
ChangeInFairValueOfInterestRateSwaps
-4032000
CY2016Q1 pgre Change In Fair Value Of Interest Rate Swaps
ChangeInFairValueOfInterestRateSwaps
29867000
CY2017Q1 pgre Common Shares Issued Upon Redemption Of Common Units
CommonSharesIssuedUponRedemptionOfCommonUnits
21816000
CY2017Q1 pgre Additions To Real Estate Included In Accounts Payable And Accrued Expenses
AdditionsToRealEstateIncludedInAccountsPayableAndAccruedExpenses
4712000
CY2016Q1 pgre Additions To Real Estate Included In Accounts Payable And Accrued Expenses
AdditionsToRealEstateIncludedInAccountsPayableAndAccruedExpenses
11064000
CY2017Q1 pgre Noncash Activity Purchase Or Sale Of Marketable Securities
NoncashActivityPurchaseOrSaleOfMarketableSecurities
1615000
CY2016Q1 pgre Noncash Activity Purchase Or Sale Of Marketable Securities
NoncashActivityPurchaseOrSaleOfMarketableSecurities
170000
CY2016Q1 pgre Assets Written Off
AssetsWrittenOff
2795000
CY2016Q1 pgre Increase Decrease In Non Cash Transactions Real Estate Fund Investments
IncreaseDecreaseInNonCashTransactionsRealEstateFundInvestments
-416438000
CY2016Q1 pgre Increase Decrease In Loans Payable To Noncontrolling Interests
IncreaseDecreaseInLoansPayableToNoncontrollingInterests
-45662000
CY2016Q1 pgre Increase Decrease In Investments Unconsolidated Real Estate Funds
IncreaseDecreaseInInvestmentsUnconsolidatedRealEstateFunds
27292000
CY2016Q1 pgre Increase Decrease In Noncontrolling Interests In Consolidated Real Estate Funds
IncreaseDecreaseInNoncontrollingInterestsInConsolidatedRealEstateFunds
-351035000
CY2017Q1 us-gaap Nature Of Operations
NatureOfOperations
<div> <div align="left"> <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse; width:100%;"> <tr> <td valign="top" style="width:3.33%;white-space:nowrap"> <p style="margin-bottom:0pt;margin-top:0pt;font-weight:bold;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-weight:bold;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;">1.</font></p></td> <td valign="top"> <p style="margin-bottom:0pt;margin-top:0pt;font-weight:bold;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:10pt;">Organization and Business</p></td></tr></table></div> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:3.33%;font-size:9pt;">&nbsp;</p> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:3.33%;font-size:9pt;">&nbsp;</p> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:3.33%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">As used in these consolidated financial statements, unless otherwise indicated, all references to &#8220;we,&#8221; &#8220;us,&#8221; &#8220;our,&#8221; the &#8220;Company,&#8221; and &#8220;Paramount&#8221; refer to Paramount Group, Inc., a Maryland corporation, and its consolidated subsidiaries, including Paramount Group Operating Partnership LP (the &#8220;Operating Partnership&#8221;), a Delaware Limited Partnership. We are a fully-integrated real estate investment trust (&#8220;REIT&#8221;) focused on owning, operating, managing, acquiring and redeveloping high-quality, Class A office properties in select central business district submarkets of New York City, Washington, D.C. and San Francisco. As of March 31, 2017, our portfolio consisted of 14 Class A office properties aggregating approximately 12.5 million square feet. We conduct our business through, and substantially all of our interests in properties and investments are held by, the Operating Partnership. We are the sole general partner of, and owned approximately 87.3% of, the Operating Partnership as of March 31, 2017.</p></div>
CY2016Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
579066000
CY2017Q1 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
203674000
CY2016Q4 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
208367000
CY2017Q1 pgre Below Market Lease Amortization Income Net Of Above Market Lease Amortization Next Twelve Months
BelowMarketLeaseAmortizationIncomeNetOfAboveMarketLeaseAmortizationNextTwelveMonths
14220000
CY2017Q1 pgre Below Market Lease Amortization Income Net Of Above Market Lease Amortization Year Two
BelowMarketLeaseAmortizationIncomeNetOfAboveMarketLeaseAmortizationYearTwo
12010000
CY2017Q1 pgre Below Market Lease Amortization Income Net Of Above Market Lease Amortization Year Three
BelowMarketLeaseAmortizationIncomeNetOfAboveMarketLeaseAmortizationYearThree
9625000
CY2016Q1 us-gaap Management Fees Revenue
ManagementFeesRevenue
3417000
CY2017Q1 us-gaap Common Stock Conversion Basis
CommonStockConversionBasis
one-for-one
CY2017Q1 us-gaap Interest Rate Derivative Assets At Fair Value
InterestRateDerivativeAssetsAtFairValue
2952000
CY2017Q1 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
28569000
CY2016Q4 us-gaap Interest Rate Derivative Assets At Fair Value
InterestRateDerivativeAssetsAtFairValue
139000
CY2016Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
22532000
CY2016Q4 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
22446000
CY2017Q1 us-gaap Property Management Fee Revenue
PropertyManagementFeeRevenue
1610000
CY2016Q1 us-gaap Property Management Fee Revenue
PropertyManagementFeeRevenue
1521000
CY2017Q1 us-gaap Asset Management Fees1
AssetManagementFees1
2266000
CY2017Q1 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
14
CY2017Q1 us-gaap Area Of Real Estate Property
AreaOfRealEstateProperty
12500000
CY2017Q1 us-gaap Limited Liability Company Llc Or Limited Partnership Lp Managing Member Or General Partner Ownership Interest
LimitedLiabilityCompanyLLCOrLimitedPartnershipLPManagingMemberOrGeneralPartnerOwnershipInterest
0.873
CY2017Q1 pgre Preferred Equity Ownership Percentage
PreferredEquityOwnershipPercentage
0.244
CY2017Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
560809000
CY2017Q1 pgre Below Market Lease Amortization Income Net Of Above Market Lease Amortization Year Four
BelowMarketLeaseAmortizationIncomeNetOfAboveMarketLeaseAmortizationYearFour
4546000
CY2017Q1 pgre Below Market Lease Amortization Income Net Of Above Market Lease Amortization Year Five
BelowMarketLeaseAmortizationIncomeNetOfAboveMarketLeaseAmortizationYearFive
1181000
CY2017Q1 us-gaap Debt Instrument Interest Rate Effective Percentage
DebtInstrumentInterestRateEffectivePercentage
0.0360
CY2017Q1 us-gaap Notes And Loans Payable
NotesAndLoansPayable
3526279000
CY2016Q4 us-gaap Notes And Loans Payable
NotesAndLoansPayable
3408179000
CY2017Q1 us-gaap Interest Rate Derivative Liabilities At Fair Value
InterestRateDerivativeLiabilitiesAtFairValue
0
CY2017Q1 us-gaap Derivative Number Of Instruments Held
DerivativeNumberOfInstrumentsHeld
0
CY2017Q1 us-gaap Derivative Instruments Gain Loss Recognized In Other Comprehensive Income Effective Portion Net
DerivativeInstrumentsGainLossRecognizedInOtherComprehensiveIncomeEffectivePortionNet
1306000
CY2016Q1 us-gaap Derivative Instruments Gain Loss Recognized In Other Comprehensive Income Effective Portion Net
DerivativeInstrumentsGainLossRecognizedInOtherComprehensiveIncomeEffectivePortionNet
-26839000
CY2017Q1 us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
2212000
CY2016Q1 us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
2781000
CY2017Q1 us-gaap Redeemable Noncontrolling Interest Equity Redemption Value
RedeemableNoncontrollingInterestEquityRedemptionValue
545165000
CY2016Q4 us-gaap Redeemable Noncontrolling Interest Equity Redemption Value
RedeemableNoncontrollingInterestEquityRedemptionValue
551834000
CY2016Q1 us-gaap Asset Management Fees1
AssetManagementFees1
1714000
CY2017Q1 pgre Acquisition And Disposition Fees
AcquisitionAndDispositionFees
5320000
CY2017Q1 pgre Other Fees
OtherFees
360000
CY2016Q1 pgre Other Fees
OtherFees
182000
CY2017Q1 us-gaap Management Fees Revenue
ManagementFeesRevenue
9556000
CY2016Q1 us-gaap Interest Expense Related Party
InterestExpenseRelatedParty
34000
CY2017Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3
CY2017Q1 pgre Property Related Revenues
PropertyRelatedRevenues
171680000
CY2017Q1 pgre Net Operating Income From Equity Method Investments
NetOperatingIncomeFromEquityMethodInvestments
4823000
CY2017Q1 pgre Net Operating Income
NetOperatingIncome
110532000
CY2016Q1 pgre Property Related Revenues
PropertyRelatedRevenues
169501000
CY2016Q1 pgre Net Operating Income From Equity Method Investments
NetOperatingIncomeFromEquityMethodInvestments
4428000
CY2016Q1 pgre Net Operating Income
NetOperatingIncome
110984000
CY2017Q1 pgre Interest And Investment Income Net
InterestAndInvestmentIncomeNet
3200000
CY2016Q1 pgre Interest And Investment Income Net
InterestAndInvestmentIncomeNet
1700000
CY2017Q1 pgre Lease Termination Income
LeaseTerminationIncome
66000
CY2016Q1 pgre Lease Termination Income
LeaseTerminationIncome
10955000
CY2017Q1 us-gaap Other Real Estate Revenue
OtherRealEstateRevenue
3372000
CY2016Q1 us-gaap Other Real Estate Revenue
OtherRealEstateRevenue
6505000
CY2017Q1 pgre Preferred Equity Investment Income
PreferredEquityInvestmentIncome
1413000
CY2016Q1 pgre Preferred Equity Investment Income
PreferredEquityInvestmentIncome
1416000
CY2017Q1 us-gaap Interest And Other Income
InterestAndOtherIncome
85000
CY2016Q1 us-gaap Interest And Other Income
InterestAndOtherIncome
80000
CY2017Q1 pgre Investment Income Loss On Investments In Deferred Compensation Plan
InvestmentIncomeLossOnInvestmentsInDeferredCompensationPlan
1702000
CY2016Q1 pgre Investment Income Loss On Investments In Deferred Compensation Plan
InvestmentIncomeLossOnInvestmentsInDeferredCompensationPlan
204000
CY2017Q1 us-gaap Interest Expense
InterestExpense
34288000
CY2016Q1 us-gaap Interest Expense
InterestExpense
35861000
CY2017Q1 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
2715000
CY2017Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3429000
CY2016Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3627000
CY2016Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Accelerated Compensation Cost
ShareBasedCompensationArrangementByShareBasedPaymentAwardAcceleratedCompensationCost
1855000
CY2017Q1 pgre Earnings Loss Allocated To Unvested Participating Securities Basic And Diluted
EarningsLossAllocatedToUnvestedParticipatingSecuritiesBasicAndDiluted
14000
CY2016Q1 pgre Earnings Loss Allocated To Unvested Participating Securities Basic And Diluted
EarningsLossAllocatedToUnvestedParticipatingSecuritiesBasicAndDiluted
9000
CY2017Q1 pgre Numerator For Income Loss Per Common Share Basic And Diluted
NumeratorForIncomeLossPerCommonShareBasicAndDiluted
358000
CY2016Q1 pgre Numerator For Income Loss Per Common Share Basic And Diluted
NumeratorForIncomeLossPerCommonShareBasicAndDiluted
-6503000
CY2017Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
34000
CY2017Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.00
CY2016Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.03
CY2017Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
35998000
CY2016Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
52592000
CY2017Q1 us-gaap Interest Expense Related Party
InterestExpenseRelatedParty
34000

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