2019 Q2 Form 10-K Financial Statement

#000108476520000007 Filed on July 27, 2020

View on sec.gov

Income Statement

Concept 2019 Q2 2018 Q2 2018
Revenue $182.1M $183.8M $654.1M
YoY Change -0.92% 23.69% 12.12%
Cost Of Revenue $109.2M $113.4M $408.1M
YoY Change -3.7% 25.17% 12.7%
Gross Profit $73.00M $70.40M $246.1M
YoY Change 3.69% 21.38% 11.17%
Gross Profit Margin 40.09% 38.3% 37.62%
Selling, General & Admin $56.90M $55.20M $209.0M
YoY Change 3.08% 20.0% 13.94%
% of Gross Profit 77.95% 78.41% 84.96%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $2.200M $2.090M $6.390M
YoY Change 5.26% 122.34% 85.22%
% of Gross Profit 3.01% 2.97% 2.6%
Operating Expenses $59.10M $57.20M $209.0M
YoY Change 3.32% 21.96% 13.94%
Operating Profit $13.90M $13.20M $30.62M
YoY Change 5.3% 18.92% -10.98%
Interest Expense -$500.0K -$600.0K $1.735M
YoY Change -16.67% 100.0% 175.83%
% of Operating Profit -3.6% -4.55% 5.67%
Other Income/Expense, Net
YoY Change
Pretax Income $13.40M $8.900M $26.77M
YoY Change 50.56% 7.23% -17.34%
Income Tax $4.000M $4.600M $10.06M
% Of Pretax Income 29.85% 51.69% 37.58%
Net Earnings $9.400M $4.000M $18.83M
YoY Change 135.0% -9.09% 0.94%
Net Earnings / Revenue 5.16% 2.18% 2.88%
Basic Earnings Per Share $0.61
Diluted Earnings Per Share $298.4K $124.6K $0.60
COMMON SHARES
Basic Shares Outstanding 30.74M
Diluted Shares Outstanding 31.21M

Balance Sheet

Concept 2019 Q2 2018 Q2 2018
SHORT-TERM ASSETS
Cash & Short-Term Investments $49.00M $56.50M $56.50M
YoY Change -13.27% -9.31% -9.31%
Cash & Equivalents $43.05M $56.47M $56.50M
Short-Term Investments $6.000M
Other Short-Term Assets $7.100M $7.200M $7.200M
YoY Change -1.39% 63.64% 63.64%
Inventory
Prepaid Expenses
Receivables $133.3M $130.5M $130.5M
Other Receivables $2.200M $700.0K $700.0K
Total Short-Term Assets $191.7M $194.9M $194.9M
YoY Change -1.65% 16.84% 16.85%
LONG-TERM ASSETS
Property, Plant & Equipment $26.63M $22.41M $22.40M
YoY Change 18.82% -4.22% -4.27%
Goodwill $190.8M $192.0M
YoY Change -0.59% 12.19%
Intangibles $14.59M $18.53M
YoY Change -21.27%
Long-Term Investments
YoY Change
Other Assets $3.180M $2.049M $4.900M
YoY Change 55.2% -26.82% 75.0%
Total Long-Term Assets $236.7M $237.8M $237.8M
YoY Change -0.45% 20.52% 20.53%
TOTAL ASSETS
Total Short-Term Assets $191.7M $194.9M $194.9M
Total Long-Term Assets $236.7M $237.8M $237.8M
Total Assets $428.4M $432.7M $432.7M
YoY Change -0.99% 18.83% 18.84%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $21.60M $23.30M $23.30M
YoY Change -7.3% 65.25% 65.25%
Accrued Expenses $58.60M $58.40M $58.40M
YoY Change 0.34% 18.7% 18.7%
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 $91.42M $94.52M $94.50M
YoY Change -3.29% 31.65% 31.62%
LONG-TERM LIABILITIES
Long-Term Debt $43.00M $63.00M $63.00M
YoY Change -31.75% 31.25% 31.25%
Other Long-Term Liabilities $6.412M $6.325M $6.300M
YoY Change 1.38% 29.08% 28.57%
Total Long-Term Liabilities $49.41M $69.33M $69.30M
YoY Change -28.72% 31.05% 31.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $91.42M $94.52M $94.50M
Total Long-Term Liabilities $49.41M $69.33M $69.30M
Total Liabilities $146.0M $163.8M $163.8M
YoY Change -10.91% 30.04% 30.0%
SHAREHOLDERS EQUITY
Retained Earnings $350.2M $335.7M
YoY Change 4.32%
Common Stock $460.9M $430.2M
YoY Change 7.13%
Preferred Stock
YoY Change
Treasury Stock (at cost) $516.1M $486.7M
YoY Change 6.04%
Treasury Stock Shares $31.47M $29.64M
Shareholders Equity $282.4M $268.8M $268.8M
YoY Change
Total Liabilities & Shareholders Equity $428.4M $432.7M $432.7M
YoY Change -0.99% 18.83% 18.84%

Cashflow Statement

Concept 2019 Q2 2018 Q2 2018
OPERATING ACTIVITIES
Net Income $9.400M $4.000M $18.83M
YoY Change 135.0% -9.09% 0.94%
Depreciation, Depletion And Amortization $2.200M $2.090M $6.390M
YoY Change 5.26% 122.34% 85.22%
Cash From Operating Activities $30.12M $17.62M $15.37M
YoY Change 70.94% -17.43% -45.62%
INVESTING ACTIVITIES
Capital Expenditures -$960.0K -$590.0K $2.213M
YoY Change 62.71% -20.27% -53.71%
Acquisitions $20.05M
YoY Change
Other Investing Activities -$5.980M $20.00K -$23.45M
YoY Change -30000.0% 0.0% -193.09%
Cash From Investing Activities -$6.940M -$580.0K -$25.67M
YoY Change 1096.55% -19.44% -225.76%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $5.116M
YoY Change -95.7%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -27.98M -4.760M 3.474M
YoY Change 487.82% 54.05% -104.52%
NET CHANGE
Cash From Operating Activities 30.12M 17.62M 15.37M
Cash From Investing Activities -6.940M -580.0K -25.67M
Cash From Financing Activities -27.98M -4.760M 3.474M
Net Change In Cash -4.800M 12.28M -5.859M
YoY Change -139.09% -29.95% -79.63%
FREE CASH FLOW
Cash From Operating Activities $30.12M $17.62M $15.37M
Capital Expenditures -$960.0K -$590.0K $2.213M
Free Cash Flow $31.08M $18.21M $13.16M
YoY Change 70.68% -17.53% -43.97%

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<div> <div style="margin-left:0pt;margin-right:0pt;"> <p style="margin:0pt;line-height:100%;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-weight:bold;">1.&nbsp;Description of the Company and its Business</font> </p> <p style="margin:0pt;line-height:100%;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;">&#xFEFF;</font> </p> <p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;line-height:100%;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;">Resources Connection, Inc. (&#x201C;Resources Connection&#x201D;), a Delaware corporation, was incorporated on November&nbsp;16, 1998. The Company&#x2019;s operating entities provide services primarily under the name Resources Global Professionals (&#x201C;RGP&#x201D; or the &#x201C;Company&#x201D;). RGP is a global consulting firm that enables rapid business outcomes by bringing together the right people to create transformative change. As a human capital partner for our clients, the Company specialize</font><font style="display: inline;">s</font><font style="display: inline;"> in solving today&#x2019;s most pressing business problems across the enterprise in the areas of </font><font style="display: inline;">transactions, regulations and transformations</font><font style="display: inline;">. The Company has offices in the United States (&#x201C;U.S.&#x201D;), Asia, Australia, Canada, Europe and Mexico.</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:100%;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;">&#xFEFF;</font> </p> <p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;line-height:100%;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;">The Company&#x2019;s fiscal year consists of 52 or 53&nbsp;weeks, ending on the Saturday in May closest to May&nbsp;31. Fiscal years 2019</font><font style="display: inline;"> and</font><font style="display: inline;"> 2018 consisted of four 13</font><font style="display: inline;">-</font><font style="display: inline;">week quarters and </font><font style="display: inline;">included </font><font style="display: inline;">a total of 52 weeks of activity </font><font style="display: inline;">in</font><font style="display: inline;"> the fiscal year. For fiscal year 2020, the first three quarters consist</font><font style="display: inline;">ed</font><font style="display: inline;"> of 13 weeks each and the fourth quarter consist</font><font style="display: inline;">ed</font><font style="display: inline;"> of 14 weeks</font><font style="display: inline;">, with a total of 53 weeks of activity in the fiscal year</font><font style="display: inline;">. &nbsp;</font> </p> <p><font size="1"> </font></p> </div> </div>
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P4Y3M18D
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5116000
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PaymentsForRepurchaseOfCommonStock
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254000
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30258000
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PreferredStockSharesAuthorized
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0
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3410000
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2213000
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PreferredStockValue
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PreferredStockValue
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5131000
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ProceedsFromLongTermLinesOfCredit
15000000
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ProceedsFromLongTermLinesOfCredit
74000000
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5981000
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ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
158926
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4000
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105000
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6489000
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ProceedsFromStockOptionsExercised
19809000
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ProceedsFromStockOptionsExercised
5125000
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67603000
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PropertyPlantAndEquipmentGross
62505000
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PropertyPlantAndEquipmentNet
26632000
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23644000
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826000
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ProvisionForDoubtfulAccounts
1540000
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ProvisionForDoubtfulAccounts
1840000
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RepaymentsOfLongTermLinesOfCredit
20000000
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RepaymentsOfLongTermLinesOfCredit
29000000
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RetainedEarningsAccumulatedDeficit
350230000
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RetainedEarningsAccumulatedDeficit
360534000
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728999000
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RevenueFromContractWithCustomerExcludingAssessedTax
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CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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3452000
CY2020Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
89907
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
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ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.031
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.032
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ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMaximum
0.345
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMaximum
0.347
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ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMinimum
0.303
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMinimum
0.316
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
0.024
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
1318000
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3.61
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4.74
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
3.88
CY2019Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
5482000
CY2018 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
209042000
CY2019 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
223802000
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SellingGeneralAndAdministrativeExpense
228067000
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ShareBasedCompensation
6033000
CY2019 us-gaap Share Based Compensation
ShareBasedCompensation
6570000
CY2020 us-gaap Share Based Compensation
ShareBasedCompensation
6057000
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ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1
P4Y
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
12500
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
28372
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
0.032
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
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0.021
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
0.031
CY2019Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
1595000
CY2020Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
1453000
CY2020Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
3392000
CY2020Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
15.10
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
1700000
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
5200000
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
1200000
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
608000
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
608000
CY2019Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
6029000
CY2020Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
5755000
CY2019Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
15.95
CY2020Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
16.07
CY2019 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P6Y22D
CY2020 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P6Y2M5D
CY2020Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber
5566000
CY2020Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageExercisePrice
16.00
CY2020 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P6Y15D
CY2018 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
5100000
CY2019 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
5400000
CY2020 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
3500000
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Shares Issued In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesIssuedInPeriod
1318000
CY2020 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
13.63
CY2018 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
3950000
CY2020 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
17.90
CY2020 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
17.41
CY2020 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
17.37
CY2020 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageRemainingContractualTerm2
P4Y5M12D
CY2020Q2 us-gaap Share Price
SharePrice
10.99
CY2019Q2 us-gaap Short Term Investments
ShortTermInvestments
5981000
CY2020 us-gaap Short Term Lease Cost
ShortTermLeaseCost
345000
CY2017Q2 us-gaap Stockholders Equity
StockholdersEquity
238142000
CY2018Q2 us-gaap Stockholders Equity
StockholdersEquity
268825000
CY2019Q2 us-gaap Stockholders Equity
StockholdersEquity
282396000
CY2020Q2 us-gaap Stockholders Equity
StockholdersEquity
303661000
CY2020 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
376000
CY2020 us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
1141000
CY2019 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
4499000
CY2020 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
5131000
CY2018 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
6489000
CY2019 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
19809000
CY2020 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
5125000
CY2020 us-gaap Sublease Income
SubleaseIncome
610000
CY2020Q2 us-gaap Tax Credit Carryforward Amount
TaxCreditCarryforwardAmount
600000
CY2019Q2 us-gaap Treasury Stock Shares
TreasuryStockShares
31466000
CY2020Q2 us-gaap Treasury Stock Shares
TreasuryStockShares
31766000
CY2019Q2 us-gaap Treasury Stock Value
TreasuryStockValue
516103000
CY2020Q2 us-gaap Treasury Stock Value
TreasuryStockValue
521088000
CY2018 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
5116000
CY2019 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
29891000
CY2020 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
5000000
CY2020Q2 us-gaap Undistributed Earnings Of Foreign Subsidiaries
UndistributedEarningsOfForeignSubsidiaries
21100000
CY2019 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
0
CY2020 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
0
CY2018Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
42000
CY2019Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
42000
CY2020Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
848000
CY2019 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
CY2020 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
42000
CY2019 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
CY2020 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
848000
CY2020 us-gaap Use Of Estimates
UseOfEstimates
<div> <div style="margin-left:0pt;margin-right:0pt;"> <p style="margin:0pt 0pt 0pt 11.5pt;text-align:justify;text-justify:inter-ideograph;line-height:100%;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-weight:bold;font-style:italic;">Use of Estimates</font> </p> <p style="margin:0pt 0pt 0pt 11.5pt;text-align:justify;text-justify:inter-ideograph;line-height:100%;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;">&#xFEFF;</font> </p> <p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;line-height:100%;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Although management believes these </font><font style="display: inline;">estimates and assumptions are adequate, actual results could differ from the estimates and assumptions used.</font> </p> <p><font size="1"> </font></p> </div> </div>
CY2020 us-gaap Variable Lease Cost
VariableLeaseCost
2808000
CY2018 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
469000
CY2019 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
611000
CY2020 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
238000
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
32227000

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