$RGP
RESOURCES CONNECTION, INC.

2019 Q1 Form 10-Q Financial Statement

#000119312519097802 Filed on April 04, 2019

View on sec.gov

Income Statement

Concept 2019 Q1 2018 Q1
Revenue $179.5M $172.4M
YoY Change 4.11% 19.9%
Cost Of Revenue $111.6M $109.9M
YoY Change 1.53% 19.98%
Gross Profit $67.91M $62.51M
YoY Change 8.64% 19.75%
Gross Profit Margin 37.83% 36.26%
Selling, General & Admin $55.59M $55.27M
YoY Change 0.58% 21.74%
% of Gross Profit 81.85% 88.41%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $2.110M $2.090M
YoY Change 0.96% 129.67%
% of Gross Profit 3.11% 3.34%
Operating Expenses $55.59M $55.27M
YoY Change 0.58% 19.37%
Operating Profit $10.21M $5.149M
YoY Change 98.35% -12.73%
Interest Expense $595.0K $542.0K
YoY Change 9.78% -280.67%
% of Operating Profit 5.83% 10.53%
Other Income/Expense, Net
YoY Change
Pretax Income $9.618M $4.641M
YoY Change 107.24% -17.13%
Income Tax $3.822M $46.00K
% Of Pretax Income 39.74% 0.99%
Net Earnings $5.796M $4.595M
YoY Change 26.14% 58.45%
Net Earnings / Revenue 3.23% 2.67%
Basic Earnings Per Share $0.18 $0.15
Diluted Earnings Per Share $0.18 $0.14
COMMON SHARES
Basic Shares Outstanding 31.89M 31.44M
Diluted Shares Outstanding 32.37M 32.07M

Balance Sheet

Concept 2019 Q1 2018 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $48.00M $43.20M
YoY Change 11.11% -3.14%
Cash & Equivalents $47.97M $43.22M
Short-Term Investments
Other Short-Term Assets $8.100M $6.900M
YoY Change 17.39% 40.82%
Inventory
Prepaid Expenses
Receivables $138.5M $125.8M
Other Receivables $3.500M $4.300M
Total Short-Term Assets $198.0M $180.2M
YoY Change 9.9% 20.94%
LONG-TERM ASSETS
Property, Plant & Equipment $25.75M $23.10M
YoY Change 11.46% -1.7%
Goodwill $191.1M $193.6M
YoY Change -1.26%
Intangibles $15.57M
YoY Change
Long-Term Investments
YoY Change
Other Assets $3.218M $3.500M
YoY Change -8.06% 25.0%
Total Long-Term Assets $237.1M $239.9M
YoY Change -1.17% 22.15%
TOTAL ASSETS
Total Short-Term Assets $198.0M $180.2M
Total Long-Term Assets $237.1M $239.9M
Total Assets $435.1M $420.1M
YoY Change 3.58% 21.63%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $22.40M $24.60M
YoY Change -8.94% 73.24%
Accrued Expenses $46.60M $43.10M
YoY Change 8.12% 17.12%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $81.32M $78.30M
YoY Change 3.86% 33.85%
LONG-TERM LIABILITIES
Long-Term Debt $58.00M $63.00M
YoY Change -7.94% 31.25%
Other Long-Term Liabilities $8.206M $8.100M
YoY Change 1.31% 52.83%
Total Long-Term Liabilities $66.21M $71.10M
YoY Change -6.88% 33.4%
TOTAL LIABILITIES
Total Short-Term Liabilities $81.32M $78.30M
Total Long-Term Liabilities $66.21M $71.10M
Total Liabilities $151.8M $151.2M
YoY Change 0.42% 35.12%
SHAREHOLDERS EQUITY
Retained Earnings $345.0M
YoY Change
Common Stock $458.6M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $508.5M
YoY Change
Treasury Stock Shares $30.98M
Shareholders Equity $283.3M $268.9M
YoY Change
Total Liabilities & Shareholders Equity $435.1M $420.1M
YoY Change 3.58% 21.63%

Cashflow Statement

Concept 2019 Q1 2018 Q1
OPERATING ACTIVITIES
Net Income $5.796M $4.595M
YoY Change 26.14% 58.45%
Depreciation, Depletion And Amortization $2.110M $2.090M
YoY Change 0.96% 129.67%
Cash From Operating Activities $11.83M -$3.890M
YoY Change -404.11% 221.49%
INVESTING ACTIVITIES
Capital Expenditures -$2.530M -$840.0K
YoY Change 201.19% -52.0%
Acquisitions
YoY Change
Other Investing Activities $0.00 -$20.05M
YoY Change -100.0% -497.82%
Cash From Investing Activities -$2.530M -$20.88M
YoY Change -87.88% -732.73%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -2.320M 11.14M
YoY Change -120.83% -168.09%
NET CHANGE
Cash From Operating Activities 11.83M -3.890M
Cash From Investing Activities -2.530M -20.88M
Cash From Financing Activities -2.320M 11.14M
Net Change In Cash 6.980M -13.63M
YoY Change -151.21% -4.48%
FREE CASH FLOW
Cash From Operating Activities $11.83M -$3.890M
Capital Expenditures -$2.530M -$840.0K
Free Cash Flow $14.36M -$3.050M
YoY Change -570.82% -664.81%

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<div> <div style="margin-left:0pt;margin-right:0pt;"> <p style="margin:9pt 0pt 0pt;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-weight:bold;font-size:10pt;">1.&nbsp;Description of the Company and its Business </font> </p> <p style="margin:4.5pt 0pt 0pt;text-indent:24.5pt;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">Resources Connection, Inc. (&#x201C;Resources Connection&#x201D;), a Delaware corporation, was incorporated on November&nbsp;16, 1998.&nbsp;&nbsp;Resources Connection is a multinational </font><font style="display: inline;font-size:10pt;">business consulting</font><font style="display: inline;font-size:10pt;"> firm; its operating entities provide services </font><font style="display: inline;font-size:10pt;">primarily </font><font style="display: inline;font-size:10pt;">under the name Resources Global Professionals (&#x201C;RGP&#x201D; or the &#x201C;Company&#x201D;).&nbsp; </font><font style="display: inline;font-size:10pt;">The Company provides agile consulting services and talent to its global client base utilizing experienced professionals </font><font style="display: inline;font-size:10pt;">in the areas of accounting; finance; governance, risk and compliance management; corporate advisory, strategic communications and restructuring; information management; human capital; supply chain management; and legal and regulatory.&nbsp;&nbsp;The Company has offices in the United States (&#x201C;U.S.&#x201D;), Asia, Australia, Canada, Europe and Mexico. </font> </p> <p style="margin:6pt 0pt 0pt;text-indent:27pt;border-top:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">The Company&#x2019;s fiscal year consists of 52 or 53&nbsp;weeks, ending on the last Saturday in May.&nbsp;&nbsp;The </font><font style="display: inline;font-size:10pt;">third</font><font style="display: inline;font-size:10pt;"> quarters of fiscal 201</font><font style="display: inline;font-size:10pt;">9</font><font style="display: inline;font-size:10pt;"> and 201</font><font style="display: inline;font-size:10pt;">8</font><font style="display: inline;font-size:10pt;"> each consisted of 13 weeks.&nbsp; </font> </p> <p><font size="1"> </font></p> </div> </div>
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
8233000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-5939000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-2254000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
13496000
us-gaap Net Income Loss
NetIncomeLoss
14845000
CY2018Q1 us-gaap Net Income Loss
NetIncomeLoss
4595000
us-gaap Net Income Loss
NetIncomeLoss
22101000
CY2019Q1 us-gaap Net Income Loss
NetIncomeLoss
5796000
CY2018Q2 us-gaap Noncurrent Assets
NoncurrentAssets
232894000
CY2019Q1 us-gaap Noncurrent Assets
NoncurrentAssets
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CY2018 us-gaap Number Of Businesses Acquired
NumberOfBusinessesAcquired
2
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1
us-gaap Operating Income Loss
OperatingIncomeLoss
21144000
CY2018Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
5149000
us-gaap Operating Income Loss
OperatingIncomeLoss
36287000
CY2019Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
10213000
CY2018Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
2049000
CY2019Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
3218000
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
4368000
CY2018Q1 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
2263000
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-1451000
CY2019Q1 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
577000
CY2018Q2 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
12826000
CY2019Q1 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
12340000
CY2018Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
6325000
CY2019Q1 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
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us-gaap Other Significant Noncash Transaction Value Of Consideration Received1
OtherSignificantNoncashTransactionValueOfConsiderationReceived1
1211000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
5116000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
22251000
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
10509000
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
12011000
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
20047000
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
3000
us-gaap Payments To Acquire Business Two Net Of Cash Acquired
PaymentsToAcquireBusinessTwoNetOfCashAcquired
3423000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1620000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
5936000
CY2019Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2018Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000
CY2019Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000
CY2018Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2019Q1 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2018Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2019Q1 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2018Q2 us-gaap Preferred Stock Value
PreferredStockValue
CY2019Q1 us-gaap Preferred Stock Value
PreferredStockValue
CY2018Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
7230000
CY2019Q1 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
8059000
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans
3951000
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans
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us-gaap Proceeds From Repayments Of Long Term Debt And Capital Securities
ProceedsFromRepaymentsOfLongTermDebtAndCapitalSecurities
15000000
us-gaap Proceeds From Repayments Of Long Term Debt And Capital Securities
ProceedsFromRepaymentsOfLongTermDebtAndCapitalSecurities
-5000000
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
4000
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
4907000
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
19139000
CY2018Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
22413000
CY2019Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
25748000
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
709000
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
477000
CY2018Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
335741000
CY2019Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
344966000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
470338000
CY2018Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
172414000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
546855000
CY2019Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
179498000
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
150181000
CY2018Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
55268000
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
166912000
CY2019Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
55587000
us-gaap Share Based Compensation
ShareBasedCompensation
4499000
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
13.74
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
18.89
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
15.65
CY2018Q2 us-gaap Stockholders Equity
StockholdersEquity
268825000
CY2019Q1 us-gaap Stockholders Equity
StockholdersEquity
283300000
CY2018Q1 us-gaap Share Based Compensation
ShareBasedCompensation
1400000
us-gaap Share Based Compensation
ShareBasedCompensation
4961000
CY2019Q1 us-gaap Share Based Compensation
ShareBasedCompensation
1900000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Period1
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1
P4Y
CY2019Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
1506000
CY2019Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
10205000
CY2019Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
3644000
CY2019Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
15.10
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
1300000
CY2018Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
900000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
5000000
CY2019Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
1900000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
404000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
193000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
1290000
CY2018Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
12310000
CY2019Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
12956000
CY2018Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
6869000
CY2019Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
6170000
CY2018Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
15.10
CY2019Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
15.95
CY2018 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P5Y6M
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P6Y3M15D
CY2019Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue
12794000
CY2019Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber
5858000
CY2019Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageExercisePrice
15.83
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P6Y1M17D
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
18.96
us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageRemainingContractualTerm2
P4Y6M15D
us-gaap Stock Issued During Period Shares Restricted Stock Award Gross
StockIssuedDuringPeriodSharesRestrictedStockAwardGross
117588
CY2018Q1 us-gaap Stock Issued During Period Shares Restricted Stock Award Gross
StockIssuedDuringPeriodSharesRestrictedStockAwardGross
37778
us-gaap Stock Issued During Period Shares Restricted Stock Award Gross
StockIssuedDuringPeriodSharesRestrictedStockAwardGross
21537
CY2019Q1 us-gaap Stock Issued During Period Shares Restricted Stock Award Gross
StockIssuedDuringPeriodSharesRestrictedStockAwardGross
21537
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
1392000
us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
4499000
CY2019Q1 us-gaap Treasury Stock Shares
TreasuryStockShares
30982000
CY2018Q2 us-gaap Treasury Stock Value
TreasuryStockValue
486722000
CY2019Q1 us-gaap Treasury Stock Value
TreasuryStockValue
508463000
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
22251000
CY2018Q1 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
2200000
us-gaap Use Of Estimates
UseOfEstimates
<div> <div style="margin-left:0pt;margin-right:0pt;"> <p style="margin:9pt 0pt 0pt 12.25pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-weight:bold;font-style:italic;font-size:10pt;">Use of Estimates </font> </p> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">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.&nbsp;&nbsp;Although management believes these 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>
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
428000
CY2018Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
626000
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
644000
CY2019Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
480000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
30901000
CY2018Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
32066000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
32428000
CY2019Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
32370000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
30473000
CY2018Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
31440000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
31784000
CY2019Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
31890000

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