2018 Q1 Form 10-K Financial Statement

#000138282118000008 Filed on February 22, 2018

View on sec.gov

Income Statement

Concept 2018 Q1 2017 2016 Q4
Revenue $79.89M $370.0M $66.80M
YoY Change 33.45% 38.49% 46.17%
Cost Of Revenue $74.20M $258.2M $45.50M
YoY Change 38.71% 39.99% 30.0%
Gross Profit $5.696M $111.8M $21.30M
YoY Change -10.66% 35.14% 99.07%
Gross Profit Margin 7.13% 30.22% 31.89%
Selling, General & Admin $30.11M $85.26M $25.80M
YoY Change 21.28% 20.19% 40.98%
% of Gross Profit 528.58% 76.25% 121.13%
Research & Development $12.76M $42.53M
YoY Change 31.95% 22.97%
% of Gross Profit 224.05% 38.04%
Depreciation & Amortization $2.003M $7.176M $1.760M
YoY Change 5.14% 14.03% 34.35%
% of Gross Profit 35.17% 6.42% 8.26%
Operating Expenses $42.87M $127.8M $26.70M
YoY Change 24.27% 21.1% 36.92%
Operating Profit -$37.17M -$15.97M -$5.400M
YoY Change 32.19% -29.9% -38.64%
Interest Expense $0.00 $0.00 $0.00
YoY Change
% of Operating Profit
Other Income/Expense, Net $735.0K $970.0K $0.00
YoY Change 1212.5% 275.97%
Pretax Income -$36.40M -$15.00M -$5.300M
YoY Change 29.54% -33.33% -39.77%
Income Tax $12.70M $0.00
% Of Pretax Income
Net Earnings -$36.44M -$15.00M -$5.300M
YoY Change 29.83% -33.4% -39.77%
Net Earnings / Revenue -45.61% -4.05% -7.93%
Basic Earnings Per Share
Diluted Earnings Per Share -$443.9K -$351.3K -$66.67K
COMMON SHARES
Basic Shares Outstanding 81.78M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2018 Q1 2017 2016 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $190.8M $208.3M $65.80M
YoY Change 402.11% 216.57% -24.63%
Cash & Equivalents $190.8M $208.3M $64.03M
Short-Term Investments $0.00 $1.700M
Other Short-Term Assets $7.427M $16.60M $8.781M
YoY Change -66.7% -2.35% -12.19%
Inventory
Prepaid Expenses $4.761M $4.388M
Receivables $12.09M $13.30M $10.63M
Other Receivables $1.500M $1.900M $0.00
Total Short-Term Assets $227.7M $240.2M $93.39M
YoY Change 212.72% 157.17% -9.33%
LONG-TERM ASSETS
Property, Plant & Equipment $22.88M $22.30M $19.23M
YoY Change 2.14% 16.15% 159.81%
Goodwill $9.186M $9.186M
YoY Change
Intangibles $3.172M $3.782M
YoY Change
Long-Term Investments
YoY Change
Other Assets $7.053M $7.000M $7.175M
YoY Change -20.75% -11.39% 497.92%
Total Long-Term Assets $42.29M $41.80M $40.09M
YoY Change -4.1% 4.24% 81.4%
TOTAL ASSETS
Total Short-Term Assets $227.7M $240.2M $93.39M
Total Long-Term Assets $42.29M $41.80M $40.09M
Total Assets $270.0M $282.0M $133.5M
YoY Change 130.92% 111.24% 6.7%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.929M $1.900M $5.385M
YoY Change 12.65% -64.81% 259.0%
Accrued Expenses $33.87M $26.60M $22.25M
YoY Change 21.82% 19.28% 49.35%
Deferred Revenue
YoY Change
Short-Term Debt $1.400M $2.000M $0.00
YoY Change 600.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $50.36M $35.90M $32.94M
YoY Change 25.59% 9.12% 66.38%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $10.30M $10.70M $8.900M
YoY Change 4.04% 20.22% 709.09%
Total Long-Term Liabilities $10.30M $10.70M $8.900M
YoY Change 4.04% 20.22% 709.09%
TOTAL LIABILITIES
Total Short-Term Liabilities $50.36M $35.90M $32.94M
Total Long-Term Liabilities $10.30M $10.70M $8.900M
Total Liabilities $60.70M $46.50M $41.80M
YoY Change 21.39% 11.24% 99.98%
SHAREHOLDERS EQUITY
Retained Earnings -$165.4M -$563.7M
YoY Change
Common Stock $83.00K $15.00K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $209.3M $235.4M -$563.7M
YoY Change
Total Liabilities & Shareholders Equity $270.0M $282.0M $133.5M
YoY Change 130.92% 111.24% 6.7%

Cashflow Statement

Concept 2018 Q1 2017 2016 Q4
OPERATING ACTIVITIES
Net Income -$36.44M -$15.00M -$5.300M
YoY Change 29.83% -33.4% -39.77%
Depreciation, Depletion And Amortization $2.003M $7.176M $1.760M
YoY Change 5.14% 14.03% 34.35%
Cash From Operating Activities -$20.49M $5.355M -$2.830M
YoY Change -6.06% -157.26% -73.05%
INVESTING ACTIVITIES
Capital Expenditures $2.305M $12.11M -$8.450M
YoY Change -51.79% -10.72% 1660.42%
Acquisitions
YoY Change
Other Investing Activities $0.00 $1.750M $0.00
YoY Change -100.0%
Cash From Investing Activities -$2.305M -$10.36M -$8.450M
YoY Change -51.8% -23.61% 1820.45%
FINANCING ACTIVITIES
Cash Dividend Paid $0.00
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $12.04M $149.8M 670.0K
YoY Change 232.21% 8490.71% -66.5%
NET CHANGE
Cash From Operating Activities -$20.49M $5.355M -2.830M
Cash From Investing Activities -$2.305M -$10.36M -8.450M
Cash From Financing Activities $12.04M $149.8M 670.0K
Net Change In Cash -$10.76M $144.8M -10.61M
YoY Change -53.16% -783.89% 18.68%
FREE CASH FLOW
Cash From Operating Activities -$20.49M $5.355M -$2.830M
Capital Expenditures $2.305M $12.11M -$8.450M
Free Cash Flow -$22.80M -$6.758M $5.620M
YoY Change -14.28% -70.51% -156.09%

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CY2017Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
2806000 USD
CY2016Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccruals
4588000 USD
CY2017Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccruals
3953000 USD
CY2016Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
38307000 USD
CY2017Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
29818000 USD
CY2016Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
0 USD
CY2016Q4 us-gaap Deferred Tax Liabilities Prepaid Expenses
DeferredTaxLiabilitiesPrepaidExpenses
1481000 USD
CY2017Q4 us-gaap Deferred Tax Liabilities Prepaid Expenses
DeferredTaxLiabilitiesPrepaidExpenses
1951000 USD
CY2017Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
0 USD
CY2016Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
1419000 USD
CY2017Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
847000 USD
CY2015 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
0 USD
CY2016 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
0 USD
CY2017 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
0 USD
CY2017 us-gaap Defined Contribution Plan Maximum Annual Contributions Per Employee Percent
DefinedContributionPlanMaximumAnnualContributionsPerEmployeePercent
1
CY2015 us-gaap Depreciation
Depreciation
3907000 USD
CY2016 us-gaap Depreciation
Depreciation
5805000 USD
CY2017 us-gaap Depreciation
Depreciation
6688000 USD
CY2015 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
4395000 USD
CY2016 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
6293000 USD
CY2017 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
7176000 USD
CY2015Q3 us-gaap Dividends Paidinkind
DividendsPaidinkind
2659000 USD
CY2015 us-gaap Dividends Paidinkind
DividendsPaidinkind
0 USD
CY2015 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-9.87
CY2016 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-5.42
CY2017 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-4.47
CY2015 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.0000
CY2016 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.0000
CY2017 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.0000
CY2015 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.3400
CY2016 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.3400
CY2017 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.3400
CY2015 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.3736
CY2016 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.3019
CY2017 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.2779
CY2015 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0.0000
CY2016 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0.0000
CY2017 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
-0.8437
CY2015 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
0.0002
CY2016 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
-0.0015
CY2017 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
-0.0066
CY2015 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
0.0490
CY2016 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
0.0787
CY2017 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
0.1474
CY2015 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.0386
CY2016 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.0249
CY2017 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.0240
CY2015 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
EffectiveIncomeTaxRateReconciliationTaxCreditsResearch
0.0242
CY2016 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
EffectiveIncomeTaxRateReconciliationTaxCreditsResearch
0.0206
CY2017 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
EffectiveIncomeTaxRateReconciliationTaxCreditsResearch
0.0708
CY2015 us-gaap Effective Income Tax Rate Reconciliation Tax Exempt Income
EffectiveIncomeTaxRateReconciliationTaxExemptIncome
0.0294
CY2016 us-gaap Effective Income Tax Rate Reconciliation Tax Exempt Income
EffectiveIncomeTaxRateReconciliationTaxExemptIncome
0.0821
CY2017 us-gaap Effective Income Tax Rate Reconciliation Tax Exempt Income
EffectiveIncomeTaxRateReconciliationTaxExemptIncome
0.1503
CY2015 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
49000 USD
CY2016 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
100000 USD
CY2016Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
16659000 USD
CY2017Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
19543000 USD
CY2017 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
268000 USD
CY2017Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
18187000 USD
CY2017 us-gaap Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
P10Y
CY2016Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
1098000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
1586000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
488000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
488000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
488000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
488000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
488000 USD
CY2014Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
4880000 USD
CY2016Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
4880000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
4880000 USD
CY2016Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
3782000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
3294000 USD
CY2015 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
31394000 USD
CY2016 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
42369000 USD
CY2017 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
53009000 USD
CY2016Q4 us-gaap Goodwill
Goodwill
9186000 USD
CY2017Q4 us-gaap Goodwill
Goodwill
9186000 USD
CY2015 us-gaap Gross Profit
GrossProfit
48846000 USD
CY2016 us-gaap Gross Profit
GrossProfit
82744000 USD
CY2017 us-gaap Gross Profit
GrossProfit
111820000 USD
CY2015 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
152000 USD
CY2016 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
638000 USD
CY2017 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-252000 USD
CY2015 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
2685000 USD
CY2016 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
5021000 USD
CY2017 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
2709000 USD
CY2015 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
3890000 USD
CY2016 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
6581000 USD
CY2017 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
5115000 USD
CY2015 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
-721000 USD
CY2016 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
8778000 USD
CY2017 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
-5070000 USD
CY2015 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
36000 USD
CY2016 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
5964000 USD
CY2017 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
-223000 USD
CY2015 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
3963000 USD
CY2016 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
-2244000 USD
CY2017 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
4225000 USD
CY2015 us-gaap Increase In Carrying Amount Of Redeemable Preferred Stock
IncreaseInCarryingAmountOfRedeemablePreferredStock
102224000 USD
CY2016 us-gaap Increase In Carrying Amount Of Redeemable Preferred Stock
IncreaseInCarryingAmountOfRedeemablePreferredStock
55502000 USD
CY2017 us-gaap Increase In Carrying Amount Of Redeemable Preferred Stock
IncreaseInCarryingAmountOfRedeemablePreferredStock
175915000 USD
CY2016Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
3782000 USD
CY2017Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
3294000 USD
CY2016 us-gaap Investment Income Interest
InvestmentIncomeInterest
173000 USD
CY2017 us-gaap Investment Income Interest
InvestmentIncomeInterest
882000 USD
CY2015 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
4147000 USD
CY2016 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
5811000 USD
CY2017 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
7833000 USD
CY2016Q4 us-gaap Liabilities
Liabilities
41795000 USD
CY2017Q4 us-gaap Inventory Real Estate
InventoryRealEstate
3382000 USD
CY2017Q4 us-gaap Inventory Real Estate Construction In Process
InventoryRealEstateConstructionInProcess
1047000 USD
CY2017Q4 us-gaap Inventory Real Estate Held For Sale
InventoryRealEstateHeldForSale
2335000 USD
CY2015 us-gaap Investment Income Interest
InvestmentIncomeInterest
46000 USD
CY2017Q4 us-gaap Liabilities
Liabilities
46525000 USD
CY2016Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
133477000 USD
CY2017Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
281955000 USD
CY2016Q4 us-gaap Liabilities Current
LiabilitiesCurrent
32943000 USD
CY2017Q4 us-gaap Liabilities Current
LiabilitiesCurrent
35857000 USD
CY2016Q4 us-gaap Loans Receivable Held For Sale Net Not Part Of Disposal Group
LoansReceivableHeldForSaleNetNotPartOfDisposalGroup
0 USD
CY2017Q4 us-gaap Loans Receivable Held For Sale Net Not Part Of Disposal Group
LoansReceivableHeldForSaleNetNotPartOfDisposalGroup
1891000 USD
CY2014Q4 us-gaap Loss Contingency Pending Claims Number
LossContingencyPendingClaimsNumber
3 lawsuit
CY2015 us-gaap Marketing Expense
MarketingExpense
19899000 USD
CY2016 us-gaap Marketing Expense
MarketingExpense
28571000 USD
CY2017 us-gaap Marketing Expense
MarketingExpense
32251000 USD
CY2015 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
3545000 USD
CY2016 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1744000 USD
CY2017 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
149822000 USD
CY2015 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-4567000 USD
CY2016 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-13567000 USD
CY2017 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-10364000 USD
CY2015 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-22221000 USD
CY2016 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-9352000 USD
CY2017 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
5355000 USD
CY2015 us-gaap Net Income Loss
NetIncomeLoss
-30236000 USD
CY2016 us-gaap Net Income Loss
NetIncomeLoss
-22526000 USD
CY2017 us-gaap Net Income Loss
NetIncomeLoss
-15002000 USD
CY2015 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-132460000 USD
CY2016 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-78028000 USD
CY2017 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-190917000 USD
CY2015 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-132460000 USD
CY2016 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-78028000 USD
CY2017 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-190917000 USD
CY2015 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
53000 USD
CY2016 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
258000 USD
CY2017 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
970000 USD
CY2017 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
5 segment
CY2017 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
CY2015 us-gaap Operating Expenses
OperatingExpenses
79135000 USD
CY2016 us-gaap Operating Expenses
OperatingExpenses
105528000 USD
CY2017 us-gaap Operating Expenses
OperatingExpenses
127792000 USD
CY2015 us-gaap Operating Income Loss
OperatingIncomeLoss
-30289000 USD
CY2016 us-gaap Operating Income Loss
OperatingIncomeLoss
-22784000 USD
CY2017 us-gaap Operating Income Loss
OperatingIncomeLoss
-15972000 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
58740000 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
6790000 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
7181000 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
8100000 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Remainder Of Fiscal Year
OperatingLeasesFutureMinimumPaymentsRemainderOfFiscalYear
7595000 USD
CY2016Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
2799000 USD
CY2017Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
4832000 USD
CY2016Q4 us-gaap Other Assets Current
OtherAssetsCurrent
8781000 USD
CY2017Q4 us-gaap Other Assets Current
OtherAssetsCurrent
3710000 USD
CY2016Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
7175000 USD
CY2017Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
6951000 USD
CY2017Q4 us-gaap Other Commitment
OtherCommitment
5106000 USD
CY2017Q4 us-gaap Other Commitment Due In Fourth Year
OtherCommitmentDueInFourthYear
0 USD
CY2017Q4 us-gaap Other Commitment Due In Second Year
OtherCommitmentDueInSecondYear
2028000 USD
CY2017Q4 us-gaap Other Commitment Due In Third Year
OtherCommitmentDueInThirdYear
75000 USD
CY2017Q4 us-gaap Other Commitments Future Minimum Payments Remainder Of Fiscal Year
OtherCommitmentsFutureMinimumPaymentsRemainderOfFiscalYear
3003000 USD
CY2015 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
7000 USD
CY2016 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
85000 USD
CY2017 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
88000 USD
CY2015 us-gaap Payments For Origination Of Mortgage Loans Held For Sale
PaymentsForOriginationOfMortgageLoansHeldForSale
0 USD
CY2016 us-gaap Payments For Origination Of Mortgage Loans Held For Sale
PaymentsForOriginationOfMortgageLoansHeldForSale
0 USD
CY2017 us-gaap Payments For Origination Of Mortgage Loans Held For Sale
PaymentsForOriginationOfMortgageLoansHeldForSale
11008000 USD
CY2015 us-gaap Payments Of Dividends
PaymentsOfDividends
2659000 USD
CY2016 us-gaap Payments Of Dividends
PaymentsOfDividends
0 USD
CY2017 us-gaap Payments Of Dividends
PaymentsOfDividends
0 USD
CY2015 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
9000 USD
CY2016 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
0 USD
CY2017 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
0 USD
CY2015 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
1550000 USD
CY2016 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
1744000 USD
CY2017 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
992000 USD
CY2015 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
4607000 USD
CY2016 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
13567000 USD
CY2017 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
12113000 USD
CY2016Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2017Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2016Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
0 shares
CY2017Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2016Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2017Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2016Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2017Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2016Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2017Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2016Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
4388000 USD
CY2017Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
8613000 USD
CY2015 us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
0 USD
CY2016 us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
0 USD
CY2017 us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
148088000 USD
CY2015 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
2659000 USD
CY2016 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 USD
CY2017 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 USD
CY2016 us-gaap Proceeds From Issuance Of Redeemable Convertible Preferred Stock
ProceedsFromIssuanceOfRedeemableConvertiblePreferredStock
164173000 USD
CY2015 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
0 USD
CY2016 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
0 USD
CY2017 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
10746000 USD
CY2015 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
1590000 USD
CY2016 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
1744000 USD
CY2017 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
2741000 USD
CY2015 us-gaap Proceeds From Sale Of Mortgage Loans Held For Sale
ProceedsFromSaleOfMortgageLoansHeldForSale
0 USD
CY2016 us-gaap Proceeds From Sale Of Mortgage Loans Held For Sale
ProceedsFromSaleOfMortgageLoansHeldForSale
0 USD
CY2017 us-gaap Proceeds From Sale Of Mortgage Loans Held For Sale
ProceedsFromSaleOfMortgageLoansHeldForSale
9117000 USD
CY2015 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
1732000 USD
CY2016 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
1495000 USD
CY2017 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
3003000 USD
CY2016Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
32500000 USD
CY2017Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
36456000 USD
CY2016Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
19226000 USD
CY2017Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
22318000 USD
CY2016 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
290000 USD
CY2017 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
81000 USD
CY2015 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
0 USD
CY2016 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
0 USD
CY2017 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
8730000 USD
CY2015 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
27842000 USD
CY2016 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
34588000 USD
CY2017 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
42532000 USD
CY2016Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
3815000 USD
CY2017Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
4316000 USD
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CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
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CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
7026071 shares
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
8754523 shares
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
4.94
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20308000 USD
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
503565 shares
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
7.95
CY2017 us-gaap Stock Issued During Period Value New Issues
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148088000 USD
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61774000 USD
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
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329786000 USD
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
13291684 shares
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
5.85
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
6.30
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4.03
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10.78
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230914000 USD
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CY2016 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
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CY2017 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
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CY2016Q4 us-gaap Short Term Investments
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CY2017Q4 us-gaap Short Term Investments
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CY2017 us-gaap Stock Issued During Period Shares Stock Options Exercised
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CY2017 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
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CY2016 us-gaap Stock Issued During Period Value Stock Options Exercised
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CY2017 us-gaap Stock Issued During Period Value Stock Options Exercised
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CY2015Q4 us-gaap Stockholders Equity
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CY2016Q4 us-gaap Stockholders Equity
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3
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102224000 USD
CY2016 us-gaap Temporary Equity Accretion To Redemption Value
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55502000 USD
CY2017 us-gaap Temporary Equity Accretion To Redemption Value
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175915000 USD
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102224000 USD
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55502000 USD
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175915000 USD
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CY2015Q4 us-gaap Temporary Equity Carrying Amount Attributable To Parent
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CY2016Q4 us-gaap Temporary Equity Carrying Amount Attributable To Parent
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655416000 USD
CY2017Q4 us-gaap Temporary Equity Carrying Amount Attributable To Parent
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0 USD
CY2016Q4 us-gaap Temporary Equity Liquidation Preference
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167488000 USD
CY2017Q4 us-gaap Temporary Equity Liquidation Preference
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0 USD
CY2016Q4 us-gaap Temporary Equity Par Or Stated Value Per Share
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0.001
CY2017Q4 us-gaap Temporary Equity Par Or Stated Value Per Share
TemporaryEquityParOrStatedValuePerShare
0.001
CY2016Q4 us-gaap Temporary Equity Shares Authorized
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166266114 shares
CY2017Q4 us-gaap Temporary Equity Shares Authorized
TemporaryEquitySharesAuthorized
0 shares
CY2016Q4 us-gaap Temporary Equity Shares Issued
TemporaryEquitySharesIssued
55422002 shares
CY2017Q4 us-gaap Temporary Equity Shares Issued
TemporaryEquitySharesIssued
0 shares
CY2014Q4 us-gaap Temporary Equity Shares Outstanding
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55422002 shares
CY2015Q4 us-gaap Temporary Equity Shares Outstanding
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55422002 shares
CY2017Q4 us-gaap Unrecognized Tax Benefits
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1057000 USD
CY2016 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
0 USD
CY2017 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
7000 USD
CY2016 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
116000 USD
CY2017 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
264000 USD
CY2016Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
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800000 USD
CY2017Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
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1057000 USD
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11296000 USD
CY2016 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
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6800000 USD
CY2017 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
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-8489000 USD
CY2016Q4 us-gaap Warehouse Agreement Borrowings
WarehouseAgreementBorrowings
0 USD
CY2017Q4 us-gaap Warehouse Agreement Borrowings
WarehouseAgreementBorrowings
2016000 USD
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13416411 shares
CY2016 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
14395067 shares
CY2017 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
42722114 shares
CY2017 us-gaap Advertising Cost Policy Expensed Advertising Cost
AdvertisingCostPolicyExpensedAdvertisingCost
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:125%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#231f20;font-weight:bold;">Advertising and Advertising Production Costs</font><font style="font-family:Arial;font-size:10pt;color:#231f20;">&#8212;The Company expenses advertising costs as they are incurred and production costs as of the first date the advertisement takes place.</font></div></div>
CY2017 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:125%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#231f20;font-weight:bold;">Concentration of Credit Risk</font><font style="font-family:Arial;font-size:10pt;color:#231f20;">&#8212;Financial instruments that potentially subject the Company to concentrations of credit risk are primarily cash and cash equivalents. The Company generally places its cash and cash equivalents and short-term investments with high-credit-quality counterparties to make sure the financial institutions are stable when the Company&#8217;s deposits exceed Federal Deposit Insurance Corporation limits, and by policy, limit the amount of credit exposure to any one counterparty based on the Company&#8217;s analysis of the counterparty&#8217;s relative credit standing. The Company maintains its cash accounts with financial institutions where, at times, deposits exceed federal insurance limits.</font></div><div style="line-height:120%;padding-top:1px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div></div>
CY2017 us-gaap Revenue Recognition Services Commissions
RevenueRecognitionServicesCommissions
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:125%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#231f20;font-weight:bold;">Revenue Recognition</font><font style="font-family:Arial;font-size:10pt;color:#231f20;">&#8212;Revenue primarily consists of commissions and fees charged on each real estate transaction completed by the Company or its partner agents. The Company&#8217;s key revenue components are brokerage revenue, partner revenue, and other revenue. The Company recognizes commission-based brokerage revenue upon closing of a real estate transaction, net of any commission refund or any closing-cost reduction. Partner revenue consists of fees earned by referring customers to partner agents. Partner revenue is earned and recognized when partner agents close a referred transaction, net of any refund provided to customers. Fees and revenue from other services are recognized when the service is provided. Revenue earned from selling homes previously purchased by Redfin Now is recorded at closing on a gross basis, representing the sales price of the home. </font></div><div style="line-height:120%;padding-top:1px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:125%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#231f20;">Revenue earned but not received is recorded as accrued revenue on the accompanying consolidated balance sheets, net of an allowance for doubtful accounts. Commission revenue is known and is clearing escrow, and therefore it is not estimated.</font></div></div>
CY2017 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:125%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#231f20;font-weight:bold;">Use of Estimates</font><font style="font-family:Arial;font-size:10pt;color:#231f20;">&#8212;The preparation of consolidated financial statements, in conformity with GAAP, requires management to make estimates and assumptions that affect the reported amounts of</font></div><div style="line-height:125%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#231f20;">assets and liabilities and results of operations during the respective periods. The Company&#8217;s more significant estimates include, but are not limited to, valuation of deferred income taxes, stock-based compensation, fair value of common stock and redeemable convertible preferred stock, capitalization of website development costs, recoverability of intangible assets with finite lives, and the fair value of reporting units for purposes of evaluating goodwill for impairment. The amounts ultimately realized from the affected assets or ultimately recognized as liabilities will depend on, among other factors, general business conditions and could differ materially in the near term from the carrying amounts reflected in the consolidated financial statements.</font></div><div style="line-height:120%;padding-top:1px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div></div>

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rdfn-20171231.xml Edgar Link completed
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