2019 Q4 Form 10-Q Financial Statement

#000152962819000088 Filed on November 06, 2019

View on sec.gov

Income Statement

Concept 2019 Q4 2019 Q3 2018 Q3
Revenue $47.67M $65.69M $63.15M
YoY Change -8.77% 4.03% 60.56%
Cost Of Revenue $29.79M $38.56M $40.60M
YoY Change -12.93% -5.03% 54.37%
Gross Profit $17.87M $27.14M $22.55M
YoY Change -0.87% 20.33% 73.04%
Gross Profit Margin 37.5% 41.31% 35.71%
Selling, General & Admin $6.140M $2.693M $3.512M
YoY Change 21.1% -23.32% 54.37%
% of Gross Profit 34.35% 9.92% 15.57%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $7.320M $6.610M $4.608M
YoY Change 34.31% 43.45% 164.22%
% of Gross Profit 40.95% 24.36% 20.43%
Operating Expenses $14.00M $12.69M $5.145M
YoY Change -41.25% 146.59% 20.75%
Operating Profit $3.879M $14.45M $17.41M
YoY Change -167.01% -16.99% 98.45%
Interest Expense -$680.0K -$968.0K -$758.0K
YoY Change -18.07% 27.7% 564.91%
% of Operating Profit -17.53% -6.7% -4.35%
Other Income/Expense, Net $40.00K -$953.0K -$668.0K
YoY Change -20.0% 42.66% 1657.89%
Pretax Income $2.680M $13.50M $16.74M
YoY Change -140.79% -19.38% 91.66%
Income Tax $290.0K $2.569M $4.613M
% Of Pretax Income 10.82% 19.04% 27.56%
Net Earnings $2.388M $10.93M $12.13M
YoY Change -153.87% -9.89% 72.06%
Net Earnings / Revenue 5.01% 16.63% 19.2%
Basic Earnings Per Share $0.06 $0.27 $0.30
Diluted Earnings Per Share $0.05 $0.27 $0.30
COMMON SHARES
Basic Shares Outstanding 41.32M shares 40.23M shares 40.54M shares
Diluted Shares Outstanding 40.24M shares 40.55M shares

Balance Sheet

Concept 2019 Q4 2019 Q3 2018 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.600M $2.100M $1.200M
YoY Change 73.33% 75.0% -97.66%
Cash & Equivalents $2.639M $2.098M $1.186M
Short-Term Investments
Other Short-Term Assets $4.400M $1.100M $4.200M
YoY Change 37.5% -73.81% 75.0%
Inventory $21.42M $15.93M $16.40M
Prepaid Expenses $1.914M
Receivables $58.93M $58.75M $29.67M
Other Receivables $0.00 $0.00 $623.0K
Total Short-Term Assets $92.18M $79.05M $53.55M
YoY Change 84.0% 47.64% -35.95%
LONG-TERM ASSETS
Property, Plant & Equipment $230.5M $250.5M $233.2M
YoY Change -7.22% 7.42% 68.36%
Goodwill $16.94M
YoY Change
Intangibles $9.046M $9.244M $19.40M
YoY Change -49.93% -52.35%
Long-Term Investments
YoY Change
Other Assets $3.541M $3.537M $3.455M
YoY Change -5.12% 2.37% 245.5%
Total Long-Term Assets $271.2M $293.0M $273.4M
YoY Change 0.38% 7.17% 95.81%
TOTAL ASSETS
Total Short-Term Assets $92.18M $79.05M $53.55M
Total Long-Term Assets $271.2M $293.0M $273.4M
Total Assets $363.4M $372.0M $326.9M
YoY Change 13.46% 13.8% 46.46%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.961M $10.04M $10.80M
YoY Change -65.06% -7.03% -20.01%
Accrued Expenses $21.70M $22.00M $16.40M
YoY Change 158.33% 34.15% 65.66%
Deferred Revenue $7.654M $5.545M $4.030M
YoY Change 86.91% 37.59%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $6.175M $23.94M $0.00
YoY Change 644.87% -100.0%
Total Short-Term Liabilities $40.02M $61.56M $31.23M
YoY Change 62.33% 97.11% 27.99%
LONG-TERM LIABILITIES
Long-Term Debt $28.24M $6.791M $44.20M
YoY Change -41.04% -84.64%
Other Long-Term Liabilities $0.00 $38.00M $15.80M
YoY Change -100.0% 140.51% 1028.57%
Total Long-Term Liabilities $28.24M $6.791M $60.00M
YoY Change -41.04% -88.68% 4185.71%
TOTAL LIABILITIES
Total Short-Term Liabilities $40.02M $61.56M $31.23M
Total Long-Term Liabilities $28.24M $6.791M $60.00M
Total Liabilities $117.8M $131.1M $111.7M
YoY Change 6.23% 17.37% 150.0%
SHAREHOLDERS EQUITY
Retained Earnings $83.31M $79.51M $54.71M
YoY Change 65.71% 45.33% 164.16%
Common Stock $165.3M $164.5M $161.4M
YoY Change 1.87% 1.94% 1.85%
Preferred Stock
YoY Change
Treasury Stock (at cost) $2.979M $2.978M $840.0K
YoY Change 4.93% 254.52% 26.13%
Treasury Stock Shares 741.0K shares 740.6K shares 110.8K shares
Shareholders Equity $245.6M $239.5M $215.2M
YoY Change
Total Liabilities & Shareholders Equity $363.4M $372.0M $326.9M
YoY Change 13.46% 13.8% 46.46%

Cashflow Statement

Concept 2019 Q4 2019 Q3 2018 Q3
OPERATING ACTIVITIES
Net Income $2.388M $10.93M $12.13M
YoY Change -153.87% -9.89% 72.06%
Depreciation, Depletion And Amortization $7.320M $6.610M $4.608M
YoY Change 34.31% 43.45% 164.22%
Cash From Operating Activities $4.300M $22.93M $14.81M
YoY Change -74.99% 54.83% 87.71%
INVESTING ACTIVITIES
Capital Expenditures -$6.010M -$5.650M -$14.81M
YoY Change -58.38% -61.85% -25.39%
Acquisitions
YoY Change
Other Investing Activities $100.0K $0.00 -$20.00K
YoY Change -100.0%
Cash From Investing Activities -$5.910M -$5.650M -$14.83M
YoY Change -59.07% -61.9% -25.29%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 2.140M -16.43M -530.0K
YoY Change -186.64% 3000.0% 657.14%
NET CHANGE
Cash From Operating Activities 4.300M 22.93M 14.81M
Cash From Investing Activities -5.910M -5.650M -14.83M
Cash From Financing Activities 2.140M -16.43M -530.0K
Net Change In Cash 530.0K 850.0K -550.0K
YoY Change 89.29% -254.55% -95.43%
FREE CASH FLOW
Cash From Operating Activities $4.300M $22.93M $14.81M
Capital Expenditures -$6.010M -$5.650M -$14.81M
Free Cash Flow $10.31M $28.58M $29.62M
YoY Change -67.4% -3.51% 6.78%

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CY2018Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
0 USD
CY2019Q3 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
2946000 USD
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
1017000 USD
CY2018Q3 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
40595000 USD
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
110686000 USD
CY2019Q3 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
38555000 USD
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
122228000 USD
CY2018Q4 us-gaap Debt Instrument Fee Amount
DebtInstrumentFeeAmount
728000 USD
CY2019Q3 us-gaap Debt Instrument Fee Amount
DebtInstrumentFeeAmount
1815000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
7258000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
6787000 USD
CY2018Q4 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
17898000 USD
CY2019Q3 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
24685000 USD
CY2018Q4 us-gaap Deferred Rent Credit Current
DeferredRentCreditCurrent
712000 USD
CY2019Q3 us-gaap Deferred Rent Credit Current
DeferredRentCreditCurrent
0 USD
CY2018Q3 us-gaap Depreciation
Depreciation
4608000 USD
us-gaap Depreciation
Depreciation
11751000 USD
CY2019Q3 us-gaap Depreciation
Depreciation
6610000 USD
us-gaap Depreciation
Depreciation
18648000 USD
us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
12141000 USD
us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
19309000 USD
CY2018Q3 us-gaap Depreciation And Amortization
DepreciationAndAmortization
501000 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
1165000 USD
CY2019Q3 us-gaap Depreciation And Amortization
DepreciationAndAmortization
623000 USD
CY2018Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.30
us-gaap Depreciation And Amortization
DepreciationAndAmortization
1954000 USD
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
0 USD
CY2018Q3 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.276
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.239
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.57
CY2019Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.27
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.73
CY2018Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.30
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.57
CY2019Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.27
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.73
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
0 USD
CY2019Q3 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.190
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.204
CY2018Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
1894000 USD
CY2019Q3 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
4085000 USD
CY2019Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Share Based Awards Other Than Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptions
4332000 USD
CY2019Q3 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
10000 USD
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
32000 USD
us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
33000 USD
CY2019Q3 us-gaap Finance Lease Liability
FinanceLeaseLiability
598000 USD
CY2019Q3 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
674000 USD
CY2019Q3 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
0 USD
CY2019Q3 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
161000 USD
CY2019Q3 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
151000 USD
CY2019Q3 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
165000 USD
CY2019Q3 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
165000 USD
CY2019Q3 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
32000 USD
CY2019Q3 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
76000 USD
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
79000 USD
CY2019Q3 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
650000 USD
CY2019Q3 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
35000 USD
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
99000 USD
CY2019Q3 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0660
CY2019Q3 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P3Y11M
CY2019Q3 us-gaap Financial Liabilities Fair Value Disclosure
FinancialLiabilitiesFairValueDisclosure
2800000 USD
us-gaap Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
P11Y8M
CY2019Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
1326000 USD
CY2019Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Next Rolling Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextRollingTwelveMonths
264000 USD
CY2019Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseRollingAfterYearFive
5812000 USD
CY2019Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearFive
792000 USD
CY2019Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearFour
792000 USD
CY2019Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearThree
792000 USD
CY2019Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearTwo
792000 USD
CY2019Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
9244000 USD
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-253000 USD
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
41000 USD
CY2018Q3 us-gaap Gross Profit
GrossProfit
22551000 USD
us-gaap Gross Profit
GrossProfit
49536000 USD
CY2019Q3 us-gaap Gross Profit
GrossProfit
27135000 USD
us-gaap Gross Profit
GrossProfit
63178000 USD
us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0 USD
CY2019Q3 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
7628000 USD
CY2018Q3 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0 USD
us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
7628000 USD
CY2018Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
16738000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
36750000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
30379000 USD
us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
5257000 USD
CY2019Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
13495000 USD
us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
4403000 USD
CY2018Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
4613000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
7258000 USD
CY2019Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2569000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
7515000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-2517000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-956000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
6386000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
39760000 USD
us-gaap Increase Decrease In Asset Retirement Obligations
IncreaseDecreaseInAssetRetirementObligations
1561000 USD
us-gaap Increase Decrease In Asset Retirement Obligations
IncreaseDecreaseInAssetRetirementObligations
3301000 USD
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
4030000 USD
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
4396000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
5170000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-2649000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
3087000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-1035000 USD
us-gaap Increase Decrease In Unbilled Receivables
IncreaseDecreaseInUnbilledReceivables
23000 USD
us-gaap Increase Decrease In Unbilled Receivables
IncreaseDecreaseInUnbilledReceivables
-6634000 USD
CY2018Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
10000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
65000 shares
CY2019Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
7000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
61000 shares
CY2018Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
19070000 USD
CY2018Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
18068000 USD
CY2019Q3 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
9244000 USD
CY2018Q3 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
0 USD
us-gaap Interest Costs Capitalized
InterestCostsCapitalized
0 USD
us-gaap Interest Costs Capitalized
InterestCostsCapitalized
0 USD
us-gaap Interest Costs Capitalized
InterestCostsCapitalized
0 USD
CY2018Q3 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-758000 USD
us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-1438000 USD
CY2019Q3 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-968000 USD
us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-2943000 USD
CY2018Q4 us-gaap Inventory Net
InventoryNet
18575000 USD
CY2019Q3 us-gaap Inventory Net
InventoryNet
15926000 USD
CY2018Q3 us-gaap Labor And Related Expense
LaborAndRelatedExpense
3232000 USD
us-gaap Labor And Related Expense
LaborAndRelatedExpense
8595000 USD
CY2019Q3 us-gaap Labor And Related Expense
LaborAndRelatedExpense
2958000 USD
us-gaap Labor And Related Expense
LaborAndRelatedExpense
8466000 USD
CY2019Q3 us-gaap Lease Cost
LeaseCost
4310000 USD
us-gaap Lease Cost
LeaseCost
11894000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
31518000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
888000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
1394000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
4034000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
9123000 USD
CY2019Q3 us-gaap Liability For Uncertain Tax Positions Current
LiabilityForUncertainTaxPositionsCurrent
0 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
13238000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
2841000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
2322000 USD
CY2018Q4 us-gaap Liabilities
Liabilities
110932000 USD
CY2019Q3 us-gaap Liabilities
Liabilities
131073000 USD
CY2018Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
320292000 USD
CY2019Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
372023000 USD
CY2018Q4 us-gaap Liabilities Current
LiabilitiesCurrent
24652000 USD
CY2019Q3 us-gaap Liabilities Current
LiabilitiesCurrent
61557000 USD
CY2018Q4 us-gaap Liability For Uncertain Tax Positions Current
LiabilityForUncertainTaxPositionsCurrent
0 USD
CY2018Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
829000 USD
CY2019Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
23940000 USD
CY2018Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
47893000 USD
CY2019Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
6791000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
43789000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-20178000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-111553000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-19518000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
33723000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
40328000 USD
CY2018Q1 us-gaap Net Income Loss
NetIncomeLoss
975000 USD
CY2018Q2 us-gaap Net Income Loss
NetIncomeLoss
10021000 USD
CY2018Q3 us-gaap Net Income Loss
NetIncomeLoss
12125000 USD
us-gaap Net Income Loss
NetIncomeLoss
23121000 USD
CY2019Q1 us-gaap Net Income Loss
NetIncomeLoss
4033000 USD
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
14276000 USD
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
10926000 USD
us-gaap Net Income Loss
NetIncomeLoss
29235000 USD
CY2018Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-668000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-1289000 USD
CY2019Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-953000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-2854000 USD
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
CY2018Q3 us-gaap Operating Expenses
OperatingExpenses
5145000 USD
us-gaap Operating Expenses
OperatingExpenses
17868000 USD
CY2019Q3 us-gaap Operating Expenses
OperatingExpenses
12687000 USD
us-gaap Operating Expenses
OperatingExpenses
23574000 USD
CY2018Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
17406000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
31668000 USD
CY2019Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
14448000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
39604000 USD
CY2019Q3 us-gaap Operating Lease Expense
OperatingLeaseExpense
4105000 USD
us-gaap Operating Lease Expense
OperatingLeaseExpense
11469000 USD
CY2019Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
29196000 USD
CY2018Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
0 USD
CY2018Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
0 USD
CY2019Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
29702000 USD
CY2019Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0550
CY2019Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P2Y9M
CY2018Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
0 USD
CY2019Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
11799000 USD
CY2019Q3 us-gaap Other Commitment Due In Third Year
OtherCommitmentDueInThirdYear
2275000 USD
CY2019Q3 us-gaap Other Commitments Future Minimum Payments Remainder Of Fiscal Year
OtherCommitmentsFutureMinimumPaymentsRemainderOfFiscalYear
0 USD
us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
10658000 USD
CY2018Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
37000 USD
CY2018Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
76000 USD
CY2019Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
17397000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
12447000 USD
CY2019Q3 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
550000 USD
CY2018Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
3732000 USD
CY2019Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
3537000 USD
CY2018Q3 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
3965000 USD
CY2018Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-130000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-54000 USD
CY2019Q1 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
145000 USD
CY2019Q3 us-gaap Other Commitment
OtherCommitment
40950000 USD
CY2019Q3 us-gaap Other Commitment Due After Fifth Year
OtherCommitmentDueAfterFifthYear
31850000 USD
CY2019Q3 us-gaap Other Commitment Due In Fifth Year
OtherCommitmentDueInFifthYear
2275000 USD
CY2019Q3 us-gaap Other Commitment Due In Fourth Year
OtherCommitmentDueInFourthYear
2275000 USD
CY2019Q3 us-gaap Other Commitment Due In Second Year
OtherCommitmentDueInSecondYear
2275000 USD
CY2019Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
91000 USD
CY2019Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-46000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
190000 USD
CY2018Q3 us-gaap Other Income
OtherIncome
90000 USD
us-gaap Other Income
OtherIncome
149000 USD
CY2019Q3 us-gaap Other Income
OtherIncome
15000 USD
us-gaap Other Income
OtherIncome
89000 USD
us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
0 USD
us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
1610000 USD
us-gaap Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
-22000 USD
us-gaap Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
0 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
174000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
139000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
210000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
1087000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
29921000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 USD
CY2018Q1 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
15549000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
81654000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
19518000 USD
CY2018Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
3243000 USD
CY2019Q3 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
1092000 USD
us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
127000 USD
us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
78000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
71500000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
37750000 USD
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
0 USD
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
6120000 USD
CY2018Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
291205000 USD
CY2019Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
312079000 USD
CY2018Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
15549000 USD
CY2018Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
248396000 USD
CY2019Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
250486000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
27000000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
59750000 USD
us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
166000 USD
us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
79000 USD
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
288000 USD
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
1461000 USD
CY2018Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
50277000 USD
CY2019Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
79512000 USD
CY2018Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
63146000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
160222000 USD
CY2019Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
65690000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
185406000 USD
CY2019Q3 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
578000 USD
CY2018Q3 us-gaap Revenues
Revenues
63146000 USD
us-gaap Revenues
Revenues
160222000 USD
CY2019Q3 us-gaap Revenues
Revenues
65690000 USD
us-gaap Revenues
Revenues
185406000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
55000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
5053000 USD
CY2018Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
3512000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
10208000 USD
CY2019Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
2693000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
8283000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
2133000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
2196000 USD
CY2019Q3 us-gaap Short Term Lease Cost
ShortTermLeaseCost
160000 USD
us-gaap Short Term Lease Cost
ShortTermLeaseCost
294000 USD
CY2018Q2 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
1000 USD
CY2018Q3 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
56000 USD
CY2019Q1 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
40000 USD
CY2019Q2 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
0 USD
CY2019Q3 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
38000 USD
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
190022000 USD
CY2018Q1 us-gaap Stockholders Equity
StockholdersEquity
191623000 USD
CY2018Q2 us-gaap Stockholders Equity
StockholdersEquity
202290000 USD
CY2018Q3 us-gaap Stockholders Equity
StockholdersEquity
215231000 USD
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
209360000 USD
CY2019Q1 us-gaap Stockholders Equity
StockholdersEquity
214354000 USD
CY2019Q2 us-gaap Stockholders Equity
StockholdersEquity
229368000 USD
CY2019Q3 us-gaap Stockholders Equity
StockholdersEquity
240950000 USD
CY2018Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
699035 shares
CY2019Q3 us-gaap Treasury Stock Shares
TreasuryStockShares
740620 shares
CY2018Q4 us-gaap Treasury Stock Value
TreasuryStockValue
2839000 USD
CY2019Q3 us-gaap Treasury Stock Value
TreasuryStockValue
2978000 USD
CY2018Q1 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
54000 USD
CY2018Q2 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
119000 USD
CY2018Q3 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
1000 USD
CY2019Q1 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
23000 USD
CY2019Q2 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
116000 USD
CY2019Q3 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
0 USD
CY2018Q4 us-gaap Unbilled Receivables Current
UnbilledReceivablesCurrent
7823000 USD
CY2019Q3 us-gaap Unbilled Receivables Current
UnbilledReceivablesCurrent
1189000 USD
CY2018Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
40551000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
40548000 shares
CY2019Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
40240000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
40163000 shares
CY2018Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
40541000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
40483000 shares
CY2019Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
40233000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
40102000 shares
us-gaap Nature Of Operations
NatureOfOperations
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:12px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Organization and Nature of Business</font></div><div style="line-height:120%;padding-bottom:12px;text-align:left;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company was incorporated in July 2011 and is headquartered in The Woodlands, Texas. The Company is a fully integrated frac sand supply and services company, offering complete mine to wellsite logistics solutions. The Company is engaged in the excavation, processing and sale of industrial sand, or proppant, for use in hydraulic fracturing operations for the oil and natural gas industry. Its integrated Oakdale facility, with on-site rail infrastructure and wet and dry sand processing facilities, has access to&#160;two&#160;Class I rail lines that enables the Company to process and cost-effectively deliver products to its customers. The Company also offers proppant logistics solutions to its customers through, among other things, its in-basin transloading terminal and its SmartSystems</font><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">TM</sup></font><font style="font-family:inherit;font-size:10pt;"> wellsite proppant storage solution capabilities. </font></div><div style="line-height:120%;padding-bottom:12px;text-align:left;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company completed construction of the first phase of its mine and processing facility in Oakdale, Wisconsin and commenced operations in July 2012, and subsequently expanded its operations in 2014, 2015 and 2018 to the current annual processing capacity of approximately </font><font style="font-family:inherit;font-size:10pt;">5.5 million</font><font style="font-family:inherit;font-size:10pt;"> tons. </font></div><div style="line-height:120%;padding-bottom:12px;text-align:left;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On March 15, 2018, the Company acquired the rights to operate a unit train capable transloading terminal in Van Hook, North Dakota to service the Bakken Formation in the Williston Basin and began providing Northern White Sand in-basin in April 2018. </font></div><div style="line-height:120%;padding-bottom:12px;text-align:left;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On June 1, 2018, the Company acquired substantially all of the assets of Quickthree Solutions, Inc. (&#8220;Quickthree&#8221;), a manufacturer of portable vertical proppant storage solution systems. These systems now comprise the Company&#8217;s SmartSystems proppant storage solutions under which we offer various solutions that create efficiencies, flexibility, enhanced safety and reliability for customers by providing the capability to unload, store and deliver proppant at the wellsite, as well as the ability to rapidly set up, takedown and transport the entire system. The SmartDepot</font><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">TM</sup></font><font style="font-family:inherit;font-size:10pt;"> silo system includes passive and active dust suppression technology, along with the capability of a gravity-fed operation.</font></div></div>
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:12px;text-align:left;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Certain 2018 balance sheet items have been reclassified to conform to the current financial statement presentation. These reclassifications have no effect on previously reported net income. </font></div></div>

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