2013 Q3 Form 10-K Financial Statement

#000114420413051349 Filed on September 18, 2013

View on sec.gov

Income Statement

Concept 2013 Q3 2013 2012 Q2
Revenue $13.31M $46.57M $10.79M
YoY Change 9.63% 9.66% 14.42%
Cost Of Revenue $9.530M $38.64M $8.950M
YoY Change 4.04% 15.45% 11.18%
Gross Profit $3.770M $7.930M $1.840M
YoY Change 26.94% -11.89% 34.31%
Gross Profit Margin 28.34% 17.03% 17.05%
Selling, General & Admin $170.0K $640.0K $140.0K
YoY Change 0.0% 6.67% 0.0%
% of Gross Profit 4.51% 8.07% 7.61%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $600.0K $2.257M $570.0K
YoY Change 7.53% 4.35% 9.62%
% of Gross Profit 15.92% 28.46% 30.98%
Operating Expenses $9.701M $39.28M $710.0K
YoY Change 3.94% 15.32% 7.58%
Operating Profit $3.004M $5.031M $1.130M
YoY Change 33.81% -19.36% 59.15%
Interest Expense -$540.0K -$2.890M -$310.0K
YoY Change 237.5% -19.05% -62.2%
% of Operating Profit -17.98% -57.44% -27.43%
Other Income/Expense, Net -$604.0K -$3.152M -$60.00K
YoY Change 100.0% -23.83% -25.0%
Pretax Income $2.400M $1.879M $460.0K
YoY Change 23.52% -10.57% -239.39%
Income Tax $471.0K $59.00K $50.00K
% Of Pretax Income 19.63% 3.14% 10.87%
Net Earnings $717.0K $495.0K $160.0K
YoY Change -10.6% 111.54% -188.89%
Net Earnings / Revenue 5.39% 1.06% 1.48%
Basic Earnings Per Share
Diluted Earnings Per Share $986.3K $684.9K $219.2K
COMMON SHARES
Basic Shares Outstanding 734.2K shares
Diluted Shares Outstanding

Balance Sheet

Concept 2013 Q3 2013 2012 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.290M $670.0K $1.030M
YoY Change -19.38% -34.95% 68.85%
Cash & Equivalents $1.293M $670.0K $1.032M
Short-Term Investments
Other Short-Term Assets $580.0K
YoY Change -38.95%
Inventory $920.0K $907.0K
Prepaid Expenses
Receivables $2.130M $1.960M $1.640M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $3.420M $4.130M $2.670M
YoY Change -2.29% -8.83% 16.59%
LONG-TERM ASSETS
Property, Plant & Equipment $33.95M $34.05M $32.82M
YoY Change 3.01% 3.75% 2.28%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $9.770M $9.460M $8.970M
YoY Change -1.51% 5.46% -23.66%
Other Assets $2.720M $3.190M $3.240M
YoY Change -6.53% -1.54% 1.25%
Total Long-Term Assets $48.11M $47.20M $47.40M
YoY Change -0.17% 3.65% -3.31%
TOTAL ASSETS
Total Short-Term Assets $3.420M $4.130M $2.670M
Total Long-Term Assets $48.11M $47.20M $47.40M
Total Assets $51.53M $51.33M $50.07M
YoY Change -0.32% 2.52% -2.42%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $7.680M $9.180M $8.440M
YoY Change -7.58% 8.77% 6.03%
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 $7.680M $9.180M $8.440M
YoY Change -7.58% 8.77% 6.03%
LONG-TERM LIABILITIES
Long-Term Debt $44.55M $45.01M $46.39M
YoY Change -3.0% -2.97% -3.29%
Other Long-Term Liabilities $1.350M $1.110M $240.0K
YoY Change 60.71% 362.5% -87.94%
Total Long-Term Liabilities $45.90M $46.12M $46.63M
YoY Change -1.86% -1.09% -6.67%
TOTAL LIABILITIES
Total Short-Term Liabilities $7.680M $9.180M $8.440M
Total Long-Term Liabilities $45.90M $46.12M $46.63M
Total Liabilities $53.57M $47.75M $55.07M
YoY Change 12.48% 2.03% 14.09%
SHAREHOLDERS EQUITY
Retained Earnings $1.291M $263.0K
YoY Change
Common Stock $3.008M $3.008M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $4.299M $3.580M $3.271M
YoY Change
Total Liabilities & Shareholders Equity $51.53M $51.33M $50.07M
YoY Change -0.32% 2.52% -2.42%

Cashflow Statement

Concept 2013 Q3 2013 2012 Q2
OPERATING ACTIVITIES
Net Income $717.0K $495.0K $160.0K
YoY Change -10.6% 111.54% -188.89%
Depreciation, Depletion And Amortization $600.0K $2.257M $570.0K
YoY Change 7.53% 4.35% 9.62%
Cash From Operating Activities $1.607M $5.164M $1.630M
YoY Change -5.91% -1.32% 132.86%
INVESTING ACTIVITIES
Capital Expenditures $520.0K $3.359M -$690.0K
YoY Change -23.19% 19.16% 102.94%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00
YoY Change -100.0% -100.0%
Cash From Investing Activities -$520.0K -$3.359M -$690.0K
YoY Change -23.19% 22.64% 97.14%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$462.0K -$2.169M -580.0K
YoY Change -0.43% 4.68% -3.33%
NET CHANGE
Cash From Operating Activities $1.607M $5.164M 1.630M
Cash From Investing Activities -$520.0K -$3.359M -690.0K
Cash From Financing Activities -$462.0K -$2.169M -580.0K
Net Change In Cash $625.0K -$364.0K 360.0K
YoY Change 10.23% -186.26% -244.0%
FREE CASH FLOW
Cash From Operating Activities $1.607M $5.164M $1.630M
Capital Expenditures $520.0K $3.359M -$690.0K
Free Cash Flow $1.087M $1.805M $2.320M
YoY Change 5.43% -25.23% 123.08%

Facts In Submission

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70508000 USD
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37686000 USD
CY2013Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
73867000 USD
CY2013Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
39819000 USD
CY2007Q3 prsi Business Acquisition Costs Of Acquired Entity Purchase Price
BusinessAcquisitionCostsOfAcquiredEntityPurchasePrice
973000 USD
CY2013 us-gaap Heldtomaturity Securities Continuous Unrealized Loss Position12 Months Or Longer Aggregate Loss
HeldtomaturitySecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAggregateLoss
637000 USD
CY2012 us-gaap Heldtomaturity Securities Continuous Unrealized Loss Position12 Months Or Longer Aggregate Loss
HeldtomaturitySecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAggregateLoss
579000 USD
CY2013Q2 us-gaap Cost Method Investments
CostMethodInvestments
3104000 USD
CY2012Q2 us-gaap Cost Method Investments
CostMethodInvestments
2118000 USD
CY2012 us-gaap Unrealized Gain On Securities
UnrealizedGainOnSecurities
1292000 USD
CY2013 us-gaap Unrealized Gain On Securities
UnrealizedGainOnSecurities
992000 USD
CY2013 us-gaap Unrealized Loss On Securities
UnrealizedLossOnSecurities
772000 USD
CY2012 us-gaap Unrealized Loss On Securities
UnrealizedLossOnSecurities
727000 USD
CY2013 us-gaap Unrealized Gain Loss On Securities
UnrealizedGainLossOnSecurities
220000 USD
CY2012 us-gaap Unrealized Gain Loss On Securities
UnrealizedGainLossOnSecurities
565000 USD
CY2013 us-gaap Marketable Securities Realized Gain Loss
MarketableSecuritiesRealizedGainLoss
-51000 USD
CY2012 us-gaap Marketable Securities Realized Gain Loss
MarketableSecuritiesRealizedGainLoss
-247000 USD
CY2013 us-gaap Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
-456000 USD
CY2012 us-gaap Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
-798000 USD
CY2010Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
724000 USD
CY2010Q4 prsi New Capital Raised From Other Investors
NewCapitalRaisedFromOtherInvestors
35700000 USD
CY2011 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
3686000 USD
CY2010Q4 us-gaap Convertible Preferred Stock Shares Issued Upon Conversion
ConvertiblePreferredStockSharesIssuedUponConversion
1536 shares
CY2010Q4 prsi Convertible Preferred Stock Conversion Price Per Share
ConvertiblePreferredStockConversionPricePerShare
0.6510
CY2012Q2 us-gaap Assets Fair Value Disclosure Nonrecurring
AssetsFairValueDisclosureNonrecurring
5192000 USD
CY2012 us-gaap Gain Loss On Sale Of Other Investments
GainLossOnSaleOfOtherInvestments
-335000 USD
CY2013Q2 us-gaap Assets Fair Value Disclosure Nonrecurring
AssetsFairValueDisclosureNonrecurring
5157000 USD
CY2013 us-gaap Gain Loss On Sale Of Other Investments
GainLossOnSaleOfOtherInvestments
-35000 USD
CY2012 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
12000 USD
CY2013 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-73000 USD
CY2012 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
8000 USD
CY2013 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
-67000 USD
CY2012 prsi Amortization Expense Of Loan Fees And Franchise Costs
AmortizationExpenseOfLoanFeesAndFranchiseCosts
72000 USD
CY2013 prsi Amortization Expense Of Loan Fees And Franchise Costs
AmortizationExpenseOfLoanFeesAndFranchiseCosts
72000 USD
CY2013Q2 us-gaap Inventory Net
InventoryNet
918000 USD
CY2012Q2 us-gaap Inventory Net
InventoryNet
907000 USD
CY2013Q2 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
581000 USD
CY2012Q2 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
945000 USD
CY2013Q2 us-gaap Other Assets Miscellaneous
OtherAssetsMiscellaneous
505000 USD
CY2012Q2 us-gaap Other Assets Miscellaneous
OtherAssetsMiscellaneous
519000 USD
CY2013Q2 us-gaap Line Of Credit Facility Current Borrowing Capacity
LineOfCreditFacilityCurrentBorrowingCapacity
2500000 USD
CY2013 us-gaap Line Of Credit Facility Interest Rate Description
LineOfCreditFacilityInterestRateDescription
Pursuant to the modification, the annual floating interest rate was reduced by 0.5% to the WSJ Prime Rate plus 2.5% (with a minimum floor rate of 5.0% per annum)
CY2012 us-gaap Line Of Credit Facility Periodic Payment Principal
LineOfCreditFacilityPeriodicPaymentPrincipal
124000 USD
CY2013Q2 us-gaap Line Of Credit Facility Amount Outstanding
LineOfCreditFacilityAmountOutstanding
1167000 USD
CY2012Q2 us-gaap Line Of Credit Facility Amount Outstanding
LineOfCreditFacilityAmountOutstanding
1702000 USD
CY2013Q2 us-gaap Line Of Credit Facility Interest Rate At Period End
LineOfCreditFacilityInterestRateAtPeriodEnd
0.0575 pure
CY2013Q2 us-gaap Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
0.04 pure
CY2013Q2 us-gaap Notes Payable
NotesPayable
71000 USD
CY2012Q2 us-gaap Notes Payable
NotesPayable
61000 USD
CY2013Q2 us-gaap Capital Lease Obligations
CapitalLeaseObligations
429000 USD
CY2012Q2 us-gaap Capital Lease Obligations
CapitalLeaseObligations
309000 USD
CY2013 us-gaap Line Of Credit Facility Expiration Date1
LineOfCreditFacilityExpirationDate1
2014-04-30
CY2012 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
20000 USD
CY2013 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.340 pure
CY2012 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.340 pure
CY2013Q2 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
5854000 USD
CY2013Q2 prsi Mortgage Notes Payable Hotel
MortgageNotesPayableHotel
43413000 USD
CY2012Q2 prsi Mortgage Notes Payable Hotel
MortgageNotesPayableHotel
44321000 USD
CY2013Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
2352000 USD
CY2013Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
1075000 USD
CY2013Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
41483000 USD
CY2013Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
51000 USD
CY2013Q2 us-gaap Long Term Debt
LongTermDebt
45008000 USD
CY2013Q2 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
47000 USD
CY2013 prsi Management Fees Base Percentage
ManagementFeesBasePercentage
0.0175 pure
CY2012 prsi Management Fees Base Percentage
ManagementFeesBasePercentage
0.0175 pure
CY2013 prsi Management Fees Base Payment Description
ManagementFeesBasePaymentDescription
Of that amount, 1.75% of the gross operating revenues are paid monthly. The balance or 0.75% is paid only to the extent that the partially adjusted net operating income (net operating income less capital expenditures) for the fiscal year exceeds the amount of the Hotel&#8217;s return for the fiscal year. The base management fee was limited to 1.75% as of and for the years ended June 30, 2013 and 2012. Prism is also entitled to an incentive management fee (not to exceed 4% in total) if certain milestones are accomplished.
CY2013 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
-0.024 pure
CY2012 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.006 pure
CY2013 us-gaap Effective Income Tax Rate Reconciliation Minority Interest Income Expense
EffectiveIncomeTaxRateReconciliationMinorityInterestIncomeExpense
-0.241 pure
CY2012 us-gaap Effective Income Tax Rate Reconciliation Minority Interest Income Expense
EffectiveIncomeTaxRateReconciliationMinorityInterestIncomeExpense
-0.304 pure
CY2013 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.044 pure
CY2012 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.042 pure
CY2013 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.031 pure
CY2012 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.0 pure
CY2013Q2 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
4307000 USD
CY2012Q2 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
4560000 USD
CY2013Q2 us-gaap Deferred Tax Assets Investments
DeferredTaxAssetsInvestments
955000 USD
CY2013 us-gaap Revenues
Revenues
46565000 USD
CY2013Q2 us-gaap Deferred Tax Assets Operating Loss Carryforwards Domestic
DeferredTaxAssetsOperatingLossCarryforwardsDomestic
10700000 USD
CY2013Q2 us-gaap Deferred Tax Assets Operating Loss Carryforwards State And Local
DeferredTaxAssetsOperatingLossCarryforwardsStateAndLocal
8828000 USD
CY2013 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
10000 USD
CY2012 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
24000 USD
CY2013 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
116000 USD
CY2012 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-45000 USD
CY2013 us-gaap Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
126000 USD
CY2012 us-gaap Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
-21000 USD
CY2013 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
6000 USD
CY2012Q2 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
5929000 USD
CY2013Q2 us-gaap Deferred Tax Liabilities Unrealized Gains On Trading Securities
DeferredTaxLiabilitiesUnrealizedGainsOnTradingSecurities
1553000 USD
CY2012Q2 us-gaap Deferred Tax Liabilities Unrealized Gains On Trading Securities
DeferredTaxLiabilitiesUnrealizedGainsOnTradingSecurities
1798000 USD
CY2013Q2 prsi Deferred Tax Liabilities State Tax Deferred Income
DeferredTaxLiabilitiesStateTaxDeferredIncome
265000 USD
CY2013 us-gaap Operating Expenses
OperatingExpenses
39277000 USD
CY2013 prsi Income Before Interest Depreciation And Amortization
IncomeBeforeInterestDepreciationAndAmortization
7288000 USD
CY2013 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-540000 USD
CY2012Q2 us-gaap Deferred Tax Assets Investments
DeferredTaxAssetsInvestments
1315000 USD
CY2013Q2 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
592000 USD
CY2012Q2 prsi Deferred Tax Liabilities State Tax Deferred Income
DeferredTaxLiabilitiesStateTaxDeferredIncome
239000 USD
CY2013Q2 us-gaap Deferred Tax Liabilities Tax Deferred Income
DeferredTaxLiabilitiesTaxDeferredIncome
843000 USD
CY2012Q2 us-gaap Deferred Tax Liabilities Tax Deferred Income
DeferredTaxLiabilitiesTaxDeferredIncome
656000 USD
CY2013Q2 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
2661000 USD
CY2012Q2 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
2693000 USD
CY2012 us-gaap Revenues
Revenues
42462000 USD
CY2012 us-gaap Operating Expenses
OperatingExpenses
34060000 USD
CY2012 prsi Income Before Interest Depreciation And Amortization
IncomeBeforeInterestDepreciationAndAmortization
8402000 USD
CY2012 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-1414000 USD
CY2013 us-gaap Costs And Expenses Related Party
CostsAndExpensesRelatedParty
72000 USD
CY2012 us-gaap Costs And Expenses Related Party
CostsAndExpensesRelatedParty
72000 USD
CY2013 prsi Amended Performance Compensation Description
AmendedPerformanceCompensationDescription
performance based compensation for his management of the Companys securities portfolio equal to 20% of all net investment gains generated in excess of an annual return equal to the Prime Rate of Interest (as published in the Wall Street Journal) plus 2%.
CY2013 prsi General Partner Compensation Payments
GeneralPartnerCompensationPayments
620000 USD
CY2012 prsi General Partner Compensation Payments
GeneralPartnerCompensationPayments
562000 USD
CY2013 prsi Minimum General Partners Compensation Payments
MinimumGeneralPartnersCompensationPayments
285000 USD
CY2013 prsi Additional General Partner Compensation Payments
AdditionalGeneralPartnerCompensationPayments
335000 USD
CY2012 prsi Additional General Partner Compensation Payments
AdditionalGeneralPartnerCompensationPayments
277000 USD
CY2013 prsi Franchise Agreements Expiry Period
FranchiseAgreementsExpiryPeriod
P15Y
CY2013 prsi Percentage Of Royalty Fees Payment With In One Year
PercentageOfRoyaltyFeesPaymentWithInOneYear
0.03 pure
CY2013Q2 prsi Percentage Of Royalty Fees Payment In Three Years
PercentageOfRoyaltyFeesPaymentInThreeYears
0.04 pure
CY2013Q2 prsi Percentage Of Program Fees
PercentageOfProgramFees
0.04 pure
CY2013 prsi Maximum Percentage Of Changes In Program Fees
MaximumPercentageOfChangesInProgramFees
0.01 pure
CY2013 prsi Maximum Percentage Of Changes In Fees
MaximumPercentageOfChangesInFees
0.05 pure
CY2013 us-gaap Initial Franchise Fees
InitialFranchiseFees
3374000 USD
CY2012 us-gaap Initial Franchise Fees
InitialFranchiseFees
3008000 USD
CY2013 prsi Percentage Of Technology Recapture Charge
PercentageOfTechnologyRecaptureCharge
0.0075 pure
CY2013 prsi Decreases In Technology Fee
DecreasesInTechnologyFee
0.0065 pure
CY2013 us-gaap Technology Services Costs
TechnologyServicesCosts
236000 USD
CY2012 us-gaap Technology Services Costs
TechnologyServicesCosts
214000 USD
CY2013Q2 prsi Percentage Of Royalty Fees Payment In Two Years
PercentageOfRoyaltyFeesPaymentInTwoYears
0.03 pure
CY2013Q2 prsi Percentage Of Royalty Fees Payment In Four Years
PercentageOfRoyaltyFeesPaymentInFourYears
0.05 pure
CY2013Q1 us-gaap Litigation Settlement Amount
LitigationSettlementAmount
525000 USD
CY2013 us-gaap Legal Fees
LegalFees
365000 USD
CY2013 prsi Franchise Agreements Contingent Extension Period
FranchiseAgreementsContingentExtensionPeriod
P5Y
CY2013 prsi Litigation Settlement Expenses Reimbursement From Agent Maximum Amount
LitigationSettlementExpensesReimbursementFromAgentMaximumAmount
300000 USD
CY2013 prsi Proceeds From Insurance Claims Related To Legal Settlements
ProceedsFromInsuranceClaimsRelatedToLegalSettlements
225000 USD
CY2012 us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
63000 USD
CY2013Q2 us-gaap Defined Benefit Plan Funded Percentage
DefinedBenefitPlanFundedPercentage
0.04 pure
CY2013 us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
56000 USD

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