$QUIK
QUICKLOGIC Corp

2018 Q3 Form 10-Q Financial Statement

#000156459018021285 Filed on August 10, 2018

View on sec.gov

Income Statement

Concept 2018 Q3 2017 Q3 2017 Q1
Revenue $3.510M $3.026M $2.950M
YoY Change 15.99% 11.37% -18.73%
Cost Of Revenue $1.767M $1.646M $2.000M
YoY Change 7.35% -15.2% -14.89%
Gross Profit $1.743M $1.380M $950.0K
YoY Change 26.3% 77.84% -25.78%
Gross Profit Margin 49.66% 45.6% 32.2%
Selling, General & Admin $2.509M $2.614M $2.320M
YoY Change -4.02% 0.89% -5.69%
% of Gross Profit 143.95% 189.42% 244.21%
Research & Development $2.461M $2.319M $2.380M
YoY Change 6.12% -37.04% -31.81%
% of Gross Profit 141.19% 168.04% 250.53%
Depreciation & Amortization $340.0K $350.0K $360.0K
YoY Change -2.86% 9.38% 9.09%
% of Gross Profit 19.51% 25.36% 37.89%
Operating Expenses $4.970M $4.933M $4.700M
YoY Change 0.75% -21.37% -21.01%
Operating Profit -$3.227M -$3.553M -$3.750M
YoY Change -9.18% -35.38% -19.7%
Interest Expense $21.00K $21.00K -$70.00K
YoY Change 0.0% -38.24% 250.0%
% of Operating Profit
Other Income/Expense, Net $17.00K $1.000K -$40.00K
YoY Change 1600.0% -106.67% 300.0%
Pretax Income -$3.231M -$3.573M -$3.860M
YoY Change -9.57% -35.59% -18.74%
Income Tax $29.00K $34.00K $0.00
% Of Pretax Income
Net Earnings -$3.484M -$3.607M -$3.860M
YoY Change -3.41% -35.29% -20.41%
Net Earnings / Revenue -99.26% -119.2% -130.85%
Basic Earnings Per Share -$0.05
Diluted Earnings Per Share -$567.7K -$0.05 -$795.9K
COMMON SHARES
Basic Shares Outstanding 94.58M 79.80M shares 68.17M shares
Diluted Shares Outstanding 79.80M shares

Balance Sheet

Concept 2018 Q3 2017 Q3 2017 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $22.80M $22.20M $14.90M
YoY Change 2.7% 16.84% -21.99%
Cash & Equivalents $26.50M $22.23M $14.87M
Short-Term Investments
Other Short-Term Assets $234.0K $125.0K $163.0K
YoY Change 87.2% 5.04% 27.34%
Inventory $4.090M $3.322M $2.017M
Prepaid Expenses $853.0K $743.0K $960.0K
Receivables $1.226M $1.051M $839.0K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $30.62M $27.48M $18.85M
YoY Change 11.45% 15.65% -24.38%
LONG-TERM ASSETS
Property, Plant & Equipment $1.688M $2.529M $2.765M
YoY Change -33.25% -18.16% -16.59%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $222.0K $236.0K $230.0K
YoY Change -5.93% -23.13% 5.02%
Total Long-Term Assets $1.910M $2.765M $2.995M
YoY Change -30.92% -18.6% -15.25%
TOTAL ASSETS
Total Short-Term Assets $30.62M $27.48M $18.85M
Total Long-Term Assets $1.910M $2.765M $2.995M
Total Assets $32.53M $30.24M $21.84M
YoY Change 7.58% 11.37% -23.25%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.700M $1.200M $2.000M
YoY Change 41.67% -20.0% -50.0%
Accrued Expenses $2.218M $1.648M $1.580M
YoY Change 34.59% 14.92% 6.61%
Deferred Revenue
YoY Change
Short-Term Debt $6.000M $6.000M $0.00
YoY Change 0.0%
Long-Term Debt Due $300.0K $200.0K $6.200M
YoY Change 50.0% 100.0% 1966.67%
Total Short-Term Liabilities $12.79M $9.121M $9.807M
YoY Change 40.25% 193.0% 69.23%
LONG-TERM LIABILITIES
Long-Term Debt $100.0K $100.0K $0.00
YoY Change 0.0% -97.56% -100.0%
Other Long-Term Liabilities $47.00K $35.00K $49.00K
YoY Change 34.29% -70.83% -63.16%
Total Long-Term Liabilities $47.00K $35.00K $49.00K
YoY Change 34.29% -70.83% -63.16%
TOTAL LIABILITIES
Total Short-Term Liabilities $12.79M $9.121M $9.807M
Total Long-Term Liabilities $47.00K $35.00K $49.00K
Total Liabilities $12.98M $9.285M $9.856M
YoY Change 39.81% 26.46% 21.14%
SHAREHOLDERS EQUITY
Retained Earnings -$264.7M -$247.1M -$239.9M
YoY Change 7.15% 6.76% 8.67%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $19.55M $20.96M $11.99M
YoY Change
Total Liabilities & Shareholders Equity $32.53M $30.24M $21.84M
YoY Change 7.58% 11.37% -23.25%

Cashflow Statement

Concept 2018 Q3 2017 Q3 2017 Q1
OPERATING ACTIVITIES
Net Income -$3.484M -$3.607M -$3.860M
YoY Change -3.41% -35.29% -20.41%
Depreciation, Depletion And Amortization $340.0K $350.0K $360.0K
YoY Change -2.86% 9.38% 9.09%
Cash From Operating Activities -$3.720M -$3.890M -$3.570M
YoY Change -4.37% -23.73% -32.89%
INVESTING ACTIVITIES
Capital Expenditures -$50.00K -$30.00K -$390.0K
YoY Change 66.67% -93.48% 254.55%
Acquisitions
YoY Change
Other Investing Activities $0.00
YoY Change
Cash From Investing Activities -$50.00K -$30.00K -$390.0K
YoY Change 66.67% -93.48% 254.55%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $15.20M
YoY Change 72.73%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 14.02M -520.0K 1.070M
YoY Change -2796.15% -141.94% -4.46%
NET CHANGE
Cash From Operating Activities -3.720M -3.890M -3.570M
Cash From Investing Activities -50.00K -30.00K -390.0K
Cash From Financing Activities 14.02M -520.0K 1.070M
Net Change In Cash 10.25M -4.440M -2.890M
YoY Change -330.86% 2.78% -32.95%
FREE CASH FLOW
Cash From Operating Activities -$3.720M -$3.890M -$3.570M
Capital Expenditures -$50.00K -$30.00K -$390.0K
Free Cash Flow -$3.670M -$3.860M -$3.180M
YoY Change -4.92% -16.81% -38.96%

Facts In Submission

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us-gaap Use Of Estimates
UseOfEstimates
<div> <p style="margin-top:10pt;margin-bottom:0pt;font-weight:bold;font-style:italic;font-family:Times New Roman;font-size:10pt;text-transform:none;font-variant: normal;text-indent:3.52%;">Uses of Estimates</p> <p style="margin-top:10pt;margin-bottom:0pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;text-indent:7.03%;">The preparation of these consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosures of contingent assets and liabilities and the reported amounts of revenue and expenses during the period. Actual results could differ materially from those estimates, particularly in relation to revenue recognition, the allowance for doubtful accounts, sales returns, valuation of investments, valuation of long-lived assets including mask sets, valuation of inventories including identification of excess quantities, market value and obsolescence, measurement of stock-based compensation awards, accounting for income taxes and estimating accrued liabilities.</p> <p style="margin-top:10pt;margin-bottom:0pt;text-indent:7.03%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Contracts with customers often include promises to transfer multiple products and services to a customer. Determining whether products and services are considered distinct performance obligations that should be accounted for separately versus together may require significant judgment.</p> <p style="margin-top:10pt;margin-bottom:0pt;text-indent:7.03%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Judgment is required to determine the Stand Alone Selling Price, or SSP, for each distinct performance obligation. The Company uses a range of amounts to estimate SSP when each of the products and services are sold separately and determines the discount to be allocated based on the relative SSP of the various products and services when products and services sold are bundled. In instances where SSP is not directly observable, such as when the Company does not sell the product or service separately, it determines the SSP using information that may include market conditions and other observable inputs. The Company typically has more than one SSP for individual products and services due to the stratification of those products and services by customers. In these instances, the Company may use information such as the size of the customer, customer tier, type of the technology used, customer demographics, geographic region and other factors in determining the SSP.</p></div>
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div> <p style="margin-top:10pt;margin-bottom:0pt;font-weight:bold;font-style:italic;font-family:Times New Roman;font-size:10pt;text-transform:none;font-variant: normal;text-indent:3.52%;">Concentration of Risk</p> <p style="margin-top:10pt;margin-bottom:0pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;text-indent:7.03%;">The Company's accounts receivable are denominated in U.S. dollars and are derived primarily from sales to customers located in North America, Asia Pacific, and Europe. The Company performs ongoing credit evaluations of its customers and generally does not require collateral. See Note 11 for information regarding concentrations associated with accounts receivable.</p></div>
CY2018Q3 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
3519000
CY2018Q3 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
771000
CY2018Q3 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
837000
CY2018Q3 us-gaap Other Assets Current
OtherAssetsCurrent
262000
CY2018Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
14576000
CY2018Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
12786000
CY2018Q3 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
1187000
CY2018Q3 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
641000
CY2018Q3 us-gaap Line Of Credit
LineOfCredit
6000000
CY2018Q3 us-gaap Capital Lease Obligations
CapitalLeaseObligations
418000
CY2018Q3 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
6418000
CY2018Q3 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
6303000
CY2018Q3 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
115000
CY2018Q2 us-gaap Share Price
SharePrice
1.15
CY2018Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2018Q2 quik Exercisable Period Of Warrants
ExercisablePeriodOfWarrants
P60M
CY2018Q2 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
1.38
CY2018Q2 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
13900000
CY2017Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
2894000
CY2017Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
665000
CY2017Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
836000
CY2017Q4 us-gaap Other Assets Current
OtherAssetsCurrent
161000
CY2017Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
14855000
CY2017Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
12480000
CY2017Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
1143000
CY2017Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
510000
CY2017Q4 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
6654000
CY2017Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
6299000
CY2017Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
355000
CY2017Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000
CY2017Q1 quik Shelf Registration Numberof Offerings
ShelfRegistrationNumberofOfferings
1
CY2017Q1 quik Shelf Registration Maximum Offering
ShelfRegistrationMaximumOffering
40000000
CY2018Q2 quik Number Of Common Stock Contain In Each Unit
NumberOfCommonStockContainInEachUnit
1
CY2018Q2 us-gaap Class Of Warrant Or Right Number Of Securities Called By Each Warrant Or Right
ClassOfWarrantOrRightNumberOfSecuritiesCalledByEachWarrantOrRight
0.40
CY2018Q2 us-gaap Sale Of Stock Price Per Share
SaleOfStockPricePerShare
1.15
CY2018Q2 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
1600000
CY2018Q2 us-gaap Warrants And Rights Outstanding Term
WarrantsAndRightsOutstandingTerm
P5Y
CY2017Q4 us-gaap Line Of Credit
LineOfCredit
6000000
CY2017Q4 us-gaap Capital Lease Obligations
CapitalLeaseObligations
654000
CY2017Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2017Q1 us-gaap Share Price
SharePrice
1.50
CY2017Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
15200000
CY2018Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
479000
CY2017Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
347000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
911000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
665000
CY2018Q3 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
0
CY2017Q3 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
0
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
0
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
0
CY2018Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
200000
CY2017Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
361000
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
3558000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
50000
CY2018Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
3508000
CY2018Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
3066000
CY2018Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
3430000
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
2.09
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
0
CY2018Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
2.08
CY2018Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
2.24
CY2018Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
2.11
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P3Y10M20D
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P3Y3M14D
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P3Y9M18D
CY2018Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
285000
CY2018Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
167000
CY2018Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
263000
CY2018Q3 us-gaap Share Price
SharePrice
1.15
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
0
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
97000
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
0
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
70000
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
2363000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
1229000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
365000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
136000
CY2018Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
3091000
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
1.54
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
1.55
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
1.39
CY2017 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
0
CY2018Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
1.56
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2018Q3 us-gaap Purchase Obligation Due In Next Twelve Months
PurchaseObligationDueInNextTwelveMonths
1300000
CY2018Q3 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
239000
CY2017Q3 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
210000
us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
477000
us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
421000

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