$REI
Ring Energy Inc

2017 Q4 Form 10-K Financial Statement

#000114420418014905 Filed on March 15, 2018

View on sec.gov

Income Statement

Concept 2017 Q4 2017 Q3 2017 Q2
Revenue $23.31M $16.64M $14.50M
YoY Change 137.1% 112.77% 104.14%
Cost Of Revenue $6.590M $4.262M $3.514M
YoY Change 98.49% 56.69% 38.36%
Gross Profit $16.72M $12.38M $10.99M
YoY Change 156.84% 142.78% 140.99%
Gross Profit Margin 71.73% 74.39% 75.77%
Selling, General & Admin $2.940M $2.370M $2.370M
YoY Change 47.0% 26.06% 23.44%
% of Gross Profit 17.58% 19.14% 21.57%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $7.090M $83.45K $76.77K
YoY Change 141.16% 16.44% -2.67%
% of Gross Profit 42.4% 0.67% 0.7%
Operating Expenses $10.17M $7.300M $7.670M
YoY Change 100.59% 59.74% 65.66%
Operating Profit $6.551M $4.292M $2.622M
YoY Change 355.53% -147.06% -110.27%
Interest Expense -$4.110M $0.00 $0.00
YoY Change 5037.5% -100.0% -100.0%
% of Operating Profit -62.74% 0.0% 0.0%
Other Income/Expense, Net $151.4K $47.31K
YoY Change -269.24% -482.4%
Pretax Income $2.440M $4.443M $2.669M
YoY Change 79.41% -148.24% -110.45%
Income Tax $0.00 $1.370M $758.2K
% Of Pretax Income 0.0% 30.83% 28.41%
Net Earnings -$4.510M $3.074M $1.911M
YoY Change 845.47% -151.71% -111.99%
Net Earnings / Revenue -19.35% 18.47% 13.17%
Basic Earnings Per Share -$0.08 $0.06 $0.04
Diluted Earnings Per Share -$0.08 $0.06 $0.04
COMMON SHARES
Basic Shares Outstanding 54.15M shares 53.01M shares 49.16M shares
Diluted Shares Outstanding 54.37M shares 50.47M shares

Balance Sheet

Concept 2017 Q4 2017 Q3 2017 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $15.00M $40.90M $12.10M
YoY Change -78.9% 1759.09% 45.78%
Cash & Equivalents $3.364M $40.88M $12.34M
Short-Term Investments
Other Short-Term Assets $200.0K $300.0K $400.0K
YoY Change 0.0% 0.0% 0.0%
Inventory
Prepaid Expenses $229.4K
Receivables $12.83M $7.600M $8.000M
Other Receivables $1.100M $900.0K $900.0K
Total Short-Term Assets $29.12M $49.70M $21.40M
YoY Change -61.28% 701.61% 71.61%
LONG-TERM ASSETS
Property, Plant & Equipment $373.6M $321.9M $288.7M
YoY Change 76.3% 61.92% 46.62%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $11.40M $18.40M $19.80M
YoY Change -44.39% -17.86% 3.13%
Total Long-Term Assets $385.0M $340.4M $308.5M
YoY Change 65.67% 53.96% 42.74%
TOTAL ASSETS
Total Short-Term Assets $29.12M $49.70M $21.40M
Total Long-Term Assets $385.0M $340.4M $308.5M
Total Assets $414.1M $390.1M $329.9M
YoY Change 34.62% 71.62% 44.31%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $44.48M $21.20M $24.50M
YoY Change 388.77% 186.49% 580.56%
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 $48.44M $21.64M $24.50M
YoY Change 432.38% 192.43% 580.56%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $9.100M $8.200M $8.400M
YoY Change 13.75% 2.5% 9.09%
Total Long-Term Liabilities $9.100M $8.200M $8.400M
YoY Change 13.75% 2.5% 9.09%
TOTAL LIABILITIES
Total Short-Term Liabilities $48.44M $21.64M $24.50M
Total Long-Term Liabilities $9.100M $8.200M $8.400M
Total Liabilities $57.50M $29.85M $33.00M
YoY Change 237.11% 93.8% 192.04%
SHAREHOLDERS EQUITY
Retained Earnings -$41.36M -$36.85M -$39.92M
YoY Change -7.49% -16.69%
Common Stock $54.22K $54.15K $49.17K
YoY Change 10.41% 29.17%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $356.6M $360.3M $297.0M
YoY Change
Total Liabilities & Shareholders Equity $414.1M $390.1M $329.9M
YoY Change 34.62% 71.6% 44.31%

Cashflow Statement

Concept 2017 Q4 2017 Q3 2017 Q2
OPERATING ACTIVITIES
Net Income -$4.510M $3.074M $1.911M
YoY Change 845.47% -151.71% -111.99%
Depreciation, Depletion And Amortization $7.090M $83.45K $76.77K
YoY Change 141.16% 16.44% -2.67%
Cash From Operating Activities $14.51M $10.18M $7.100M
YoY Change 129.95% 29.35% -677.24%
INVESTING ACTIVITIES
Capital Expenditures -$40.29M -$40.71M -$50.37M
YoY Change 151.97% 192.25% 1014.38%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$40.29M -$40.71M -$50.37M
YoY Change 151.97% 192.25% 1014.38%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -70.00K 59.26M -10.00K
YoY Change -100.09% -592700.0% -100.1%
NET CHANGE
Cash From Operating Activities 14.51M 10.18M 7.100M
Cash From Investing Activities -40.29M -40.71M -50.37M
Cash From Financing Activities -70.00K 59.26M -10.00K
Net Change In Cash -25.85M 28.73M -43.28M
YoY Change -137.56% -573.31% -1057.52%
FREE CASH FLOW
Cash From Operating Activities $14.51M $10.18M $7.100M
Capital Expenditures -$40.29M -$40.71M -$50.37M
Free Cash Flow $54.80M $50.89M $57.47M
YoY Change 145.74% 133.44% 1646.81%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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CY2017 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
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P2Y6M
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
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CY2017Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
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CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Per Share Weighted Average Price Of Shares Purchased
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CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
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CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
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CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
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CY2016 us-gaap Operating Leases Rent Expense Net
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60000 USD
CY2015 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
60000 USD
CY2017 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
60000 USD
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CY2017 us-gaap Deferred Income Tax Expense Benefit
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CY2016 us-gaap Deferred Income Tax Expense Benefit
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CY2015 us-gaap Deferred Income Tax Expense Benefit
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CY2017 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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CY2016 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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CY2015 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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CY2016 us-gaap Income Tax Reconciliation Other Reconciling Items
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CY2016 us-gaap Income Tax Reconciliation Tax Settlements
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CY2015 us-gaap Income Tax Reconciliation Tax Settlements
IncomeTaxReconciliationTaxSettlements
0 USD
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CY2017Q4 rei Company Had Net Operating Loss Carry Forwards For Federal Income Tax Reporting Purposes Of Approximately In Millions
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2027
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-0.04
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CY2016Q1 us-gaap Oil And Gas Revenue
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0.06
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0.04
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CY2017Q1 us-gaap Oil And Gas Revenue
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16643930 USD
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23308668 USD
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3968286 USD
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0 USD
CY2017Q4 us-gaap Preferred Stock Value
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0 USD
CY2016Q4 us-gaap Preferred Stock Value
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0 USD
CY2017Q4 us-gaap Common Stock Value
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CY2016Q4 us-gaap Common Stock Value
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49113 USD
CY2017Q4 us-gaap Retained Earnings Accumulated Deficit
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CY2017Q4 us-gaap Preferred Stock Shares Outstanding
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0 shares
CY2016Q4 us-gaap Preferred Stock Shares Outstanding
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0 shares
CY2016Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2016Q4 us-gaap Common Stock Shares Authorized
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150000000 shares
CY2016Q4 us-gaap Retained Earnings Accumulated Deficit
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-44705985 USD
CY2017Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2016Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2016Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000 shares
CY2016Q4 us-gaap Preferred Stock Shares Issued
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0 shares
CY2017Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2017Q4 us-gaap Common Stock Shares Issued
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CY2017Q4 us-gaap Common Stock Shares Outstanding
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54224029 shares
CY2017 us-gaap Derivative Loss On Derivative
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119897 USD
CY2016 us-gaap Derivative Loss On Derivative
DerivativeLossOnDerivative
0 USD
CY2015 us-gaap Derivative Loss On Derivative
DerivativeLossOnDerivative
0 USD
CY2017 us-gaap Unrealized Gain Loss On Derivatives
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-3968287 USD
CY2016 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
0 USD
CY2015 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
0 USD
CY2017 us-gaap Cumulative Effect On Retained Earnings Net Of Tax1
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1596463 USD
CY2017 us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
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49896 USD
CY2016 us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
0 USD
CY2015 us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
0 USD
CY2017 rei Adjustment To Deferred Tax Asset For Change In Effective Tax Rate
AdjustmentToDeferredTaxAssetForChangeInEffectiveTaxRate
6603240 USD
CY2017 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-3968286 USD
CY2016 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
0 USD
CY2015 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
0 USD
CY2017 rei Use Of Inventory In Property Development
UseOfInventoryInPropertyDevelopment
5797113 USD
CY2016 rei Use Of Inventory In Property Development
UseOfInventoryInPropertyDevelopment
0 USD
CY2015 rei Use Of Inventory In Property Development
UseOfInventoryInPropertyDevelopment
0 USD
CY2017 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
23000000 USD
CY2016 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
0 USD
CY2015 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
0 USD
CY2017 us-gaap Use Of Estimates
UseOfEstimates
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" align="justify"><strong><i>Use of Estimates</i></strong> &#150; The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Changes in the future estimated oil and natural gas reserves or the estimated future cash flows attributable to the reserves that are utilized for impairment analysis could have a significant impact on the future results of operations.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
CY2017 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" align="justify"><strong><i><strong><i>Concentration of Credit Risk and Accounts Receivable</i></strong> &#150; Financial instruments that potentially subject the Company to a concentration of credit risk consist principally of cash and accounts receivable. The Company has cash in excess of federally insured limits of $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">70,836,381</font> and $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">14,756,581</font>&#160;at December 31, 2016 and 2017, respectively. The Company places its cash with a high credit quality financial institution.</i></strong></div> &#160; <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" align="justify">Substantially all of the Company&#8217;s accounts receivable is from purchasers of oil and gas. Oil and gas sales are generally unsecured. The Company has not had any significant credit losses in the past and believes its accounts receivable are fully collectable. Accordingly, no allowance for doubtful accounts has been provided at December 31, 2017 and 2016. The Company also has a joint interest billing receivable. Joint interest billing receivables are collateralized by the pro rata revenue attributable to the joint interest holders and further by the interest itself.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
CY2017 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" align="justify"><strong><i>Reclassifications &#150;</i></strong> Certain reclassifications of amounts previously reported have been made to the accompanying financial statements to maintain consistency between periods presented. The reclassifications had no impact on net income (loss) or stockholders&#8217; equity.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
CY2017 us-gaap Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
56513016 USD
CY2016 us-gaap Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
9312203 USD
CY2017 us-gaap Depreciation
Depreciation
320090 USD
CY2016 us-gaap Depreciation
Depreciation
303456 USD
CY2015 us-gaap Depreciation
Depreciation
286304 USD
CY2017Q4 us-gaap Capitalized Costs Support Equipment And Facilities
CapitalizedCostsSupportEquipmentAndFacilities
1884818 USD
CY2016Q4 us-gaap Capitalized Costs Support Equipment And Facilities
CapitalizedCostsSupportEquipmentAndFacilities
1549311 USD
CY2017 us-gaap Income Tax Reconciliation Tax Contingencies State And Local
IncomeTaxReconciliationTaxContingenciesStateAndLocal
-350059 USD
CY2016 us-gaap Income Tax Reconciliation Tax Contingencies State And Local
IncomeTaxReconciliationTaxContingenciesStateAndLocal
0 USD
CY2015 us-gaap Income Tax Reconciliation Tax Contingencies State And Local
IncomeTaxReconciliationTaxContingenciesStateAndLocal
0 USD
CY2017 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
6953299 USD
CY2016 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
0 USD
CY2015 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
0 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
37725 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
1108950 USD
CY2017Q3 rei Number Of Barrels Per Day
NumberOfBarrelsPerDay
1000 pure
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
1140750 shares
CY2017 us-gaap Debt Instrument Redemption Description
DebtInstrumentRedemptionDescription
The Borrowing Base will be redetermined semi-annually on each May 1 and November 1, beginning November 1, 2015.
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
3193000 shares
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
2093900 shares
CY2017 rei Leverage Ratio Total
LeverageRatioTotal
4.0 to 1.0
CY2017 rei Minimum Leverage Ratio Current
MinimumLeverageRatioCurrent
1.0 to 1.0
CY2017 us-gaap Line Of Credit Facility Interest Rate Description
LineOfCreditFacilityInterestRateDescription
The annual interest rate on each Base Rate Loan is (a) the greatest of (i) the Administrative Agents prime lending rate, (ii) the federal funds rate plus 0.5% per annum or the (iii) adjusted LIBOR determined on a daily basis for an interest period of one-month, plus 1.00% per annum, plus (b) a margin between 2.75% and 3.75% (depending on the then-current level of borrowing base usage).
CY2015 rei Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercised
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercised
65600 shares
CY2015 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
3.46
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Shares Issued In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesIssuedInPeriod
57475 shares
CY2015 rei Stock Option Exercised Shares Retained
StockOptionExercisedSharesRetained
8125 shares
CY2015Q4 us-gaap Share Price
SharePrice
10.73
CY2015 rei Stockoption Exercised Value Of Shares Retained
StockoptionExercisedValueOfSharesRetained
92500 USD
CY2016 rei Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercised
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercised
25900 shares
CY2016 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
4.41
CY2014Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
3896489 USD
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Shares Issued In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesIssuedInPeriod
25734 shares
CY2016 rei Stock Option Exercised Shares Retained
StockOptionExercisedSharesRetained
166 shares
CY2016Q4 us-gaap Share Price
SharePrice
6.93
CY2016 rei Stockoption Exercised Value Of Shares Retained
StockoptionExercisedValueOfSharesRetained
1800 USD
CY2017 rei Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercised
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercised
165400 shares
CY2017 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
2.63
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Shares Issued In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesIssuedInPeriod
133308 shares
CY2017 rei Stock Option Exercised Shares Retained
StockOptionExercisedSharesRetained
32092 shares
CY2017Q4 us-gaap Share Price
SharePrice
13.18
CY2017 rei Stockoption Exercised Value Of Shares Retained
StockoptionExercisedValueOfSharesRetained
435785 USD
CY2015 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
2860147 USD
CY2016 rei Adjustment To Deferred Tax Asset For Change In Effective Tax Rate
AdjustmentToDeferredTaxAssetForChangeInEffectiveTaxRate
USD
CY2017 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35 pure

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