$SOHO
Sotherly Hotels Inc.

2018 Q1 Form 10-Q Financial Statement

#000156459018012991 Filed on May 10, 2018

View on sec.gov

Income Statement

Concept 2018 Q1 2017 Q1 2016 Q4
Revenue $41.74M $38.69M $35.94M
YoY Change 7.86% 2.34% -2.22%
Cost Of Revenue $29.86M $13.01M $13.64M
YoY Change 129.49% -4.41% -0.51%
Gross Profit $11.88M $25.68M $22.29M
YoY Change -53.74% 6.12% -3.26%
Gross Profit Margin 28.46% 66.37% 62.03%
Selling, General & Admin $16.78M $15.92M $15.59M
YoY Change 5.4% 1.14% -3.47%
% of Gross Profit 141.26% 61.99% 69.94%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $5.630M $4.060M $3.760M
YoY Change 38.67% 10.63% -6.23%
% of Gross Profit 47.4% 15.81% 16.87%
Operating Expenses $37.04M $32.99M $33.03M
YoY Change 12.28% -0.11% -3.22%
Operating Profit $4.694M $5.706M $2.908M
YoY Change -17.73% 19.26% 10.87%
Interest Expense $4.177M $3.814M -$3.780M
YoY Change 9.53% -17.68% -19.23%
% of Operating Profit 88.98% 66.84% -129.97%
Other Income/Expense, Net
YoY Change
Pretax Income $1.482M $3.058M -$1.130M
YoY Change -51.52% 2685.16% -44.88%
Income Tax $306.0K $171.9K -$1.060M
% Of Pretax Income 20.64% 5.62%
Net Earnings $1.207M $2.886M -$74.08K
YoY Change -58.2% 428.7% -89.59%
Net Earnings / Revenue 2.89% 7.46% -0.21%
Basic Earnings Per Share -$0.02
Diluted Earnings Per Share $89.83K $193.4K $4.027K
COMMON SHARES
Basic Shares Outstanding 13.47M 14.03M 14.95M
Diluted Shares Outstanding

Balance Sheet

Concept 2018 Q1 2017 Q1 2016 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $30.70M $21.70M $31.80M
YoY Change 41.47% 44.67% 176.52%
Cash & Equivalents $35.57M $26.39M $36.36M
Short-Term Investments
Other Short-Term Assets $6.200M $5.700M $4.600M
YoY Change 8.77% 21.28% 4.55%
Inventory
Prepaid Expenses
Receivables $9.700M $6.100M $4.100M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $46.60M $33.50M $40.50M
YoY Change 39.1% 40.76% 100.5%
LONG-TERM ASSETS
Property, Plant & Equipment $438.6M $356.0M $348.6M
YoY Change 23.2% -0.08% -1.8%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $0.00 $5.300M
YoY Change
Other Assets $10.10M $11.50M $11.50M
YoY Change -12.17% 21.05% 2.68%
Total Long-Term Assets $448.8M $367.5M $365.5M
YoY Change 22.11% 0.49% -1.97%
TOTAL ASSETS
Total Short-Term Assets $46.60M $33.50M $40.50M
Total Long-Term Assets $448.8M $367.5M $365.5M
Total Assets $495.4M $401.0M $406.0M
YoY Change 23.53% 2.95% 3.3%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $16.50M $14.40M $13.00M
YoY Change 14.58% 1.41% 5.69%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $22.30M $20.20M $17.70M
YoY Change 10.4% 12.85% 15.69%
LONG-TERM LIABILITIES
Long-Term Debt $380.7M $303.7M $307.0M
YoY Change 25.35% -4.92% -4.3%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $380.7M $303.7M $307.0M
YoY Change 25.35% -4.92% -4.3%
TOTAL LIABILITIES
Total Short-Term Liabilities $22.30M $20.20M $17.70M
Total Long-Term Liabilities $380.7M $303.7M $307.0M
Total Liabilities $403.0M $326.3M $324.7M
YoY Change 23.52% -4.11% -4.56%
SHAREHOLDERS EQUITY
Retained Earnings -$39.55M
YoY Change 16.69%
Common Stock $118.5M
YoY Change 43.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $91.40M $74.60M $79.01M
YoY Change
Total Liabilities & Shareholders Equity $495.4M $401.0M $406.0M
YoY Change 23.54% 2.95% 3.3%

Cashflow Statement

Concept 2018 Q1 2017 Q1 2016 Q4
OPERATING ACTIVITIES
Net Income $1.207M $2.886M -$74.08K
YoY Change -58.2% 428.7% -89.59%
Depreciation, Depletion And Amortization $5.630M $4.060M $3.760M
YoY Change 38.67% 10.63% -6.23%
Cash From Operating Activities $7.308M $6.020M $2.670M
YoY Change 21.4% -9.06% 30.24%
INVESTING ACTIVITIES
Capital Expenditures -$86.33M -$10.29M -$3.690M
YoY Change 738.97% 107.46% -16.89%
Acquisitions
YoY Change
Other Investing Activities $870.0K $6.210M -$2.340M
YoY Change -85.99% 172.37% 387.5%
Cash From Investing Activities -$85.46M -$4.080M -$6.020M
YoY Change 1994.6% 52.81% 22.36%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $1.103M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 80.30M -11.92M 7.500M
YoY Change -773.64% 2491.3% -781.82%
NET CHANGE
Cash From Operating Activities 7.308M 6.020M 2.670M
Cash From Investing Activities -85.46M -4.080M -6.020M
Cash From Financing Activities 80.30M -11.92M 7.500M
Net Change In Cash 2.146M -9.980M 4.150M
YoY Change -121.5% -385.96% -204.53%
FREE CASH FLOW
Cash From Operating Activities $7.308M $6.020M $2.670M
Capital Expenditures -$86.33M -$10.29M -$3.690M
Free Cash Flow $93.64M $16.31M $6.360M
YoY Change 474.11% 40.85% -2.0%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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CY2018Q1 us-gaap Commitments And Contingencies
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CY2018Q1 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
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CY2018Q1 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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CY2018Q1 us-gaap Payments For Capital Improvements
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CY2017Q1 us-gaap Payments For Capital Improvements
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CY2017Q1 us-gaap Proceeds From Sale Of Productive Assets
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CY2018Q1 soho Proceeds From Insurance Conversion
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CY2017Q1 soho Proceeds From Insurance Conversion
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CY2017Q1 us-gaap Proceeds From Sales Of Assets Investing Activities
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CY2018Q1 us-gaap Proceeds From Issuance Of Secured Debt
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CY2018Q1 soho Refund For Payments Of Deferred Financing Costs
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CY2017Q1 soho Increase Decrease In Capital Expenditures Incurred But Not Yet Paid
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CY2018Q1 us-gaap Concentration Risk Credit Risk
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<div> <p style="margin-top:12pt;margin-bottom:0pt;font-style:italic;font-family:Times New Roman;font-size:10pt;font-weight:normal;text-transform:none;font-variant: normal;text-indent:4.54%;">Concentration of Credit Risk<font style="font-style:normal;"> &#8211; We hold cash accounts at several institutions in excess of the Federal Deposit Insurance Corporation (the &#8220;FDIC&#8221;) protection limits of $</font><font style="font-style:normal;">250,000. Our exposure to credit loss in the event of the failure of these institutions is represented by the difference between the FDIC protection limit and the total amounts on deposit. Management monitors, on a regular basis, the financial condition of the financial institutions along with the balances there on deposit to minimize our potential risk.</font></p></div>
CY2018Q1 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div> <p style="margin-top:12pt;margin-bottom:0pt;font-style:italic;font-family:Times New Roman;font-size:10pt;font-weight:normal;text-transform:none;font-variant: normal;text-indent:4.54%;">Reclassifications<font style="font-style:normal;"> - </font><font style="font-style:normal;">Certain reclassifications have been made to the prior period&#8217;s financial statements to conform to the current year presentation.&nbsp;&nbsp;We have adopted ASU 2016-18 </font><font style="color:#000000;">Statement of Cash Flows (Topic 230): Restricted Cash, </font><font style="color:#000000;font-style:normal;">whereby the restricted cash balances are reflected in the total Cash, Cash Equivalents and Restricted Cash for both current and prior year presentation.</font></p></div>
CY2018Q1 us-gaap Use Of Estimates
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<div> <p style="margin-top:12pt;margin-bottom:0pt;font-style:italic;font-family:Times New Roman;font-size:10pt;font-weight:normal;text-transform:none;font-variant: normal;text-indent:4.54%;">Use of Estimates<font style="font-style:normal;"> &#8211; The preparation of the financial statements in conformity with accounting principles generally accepted in the United States of America (&#8220;GAAP&#8221;) 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. Actual results could differ from those estimates.</font></p></div>
CY2018Q1 dei Entity Incorporation Date Of Incorporation
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2004-08-20
CY2018Q1 us-gaap Number Of Real Estate Properties
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CY2018Q1 soho Number Of Rooms In Hotel
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CY2018Q1 soho Date Of Commencement Of Business
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2004-12-21
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CY2018Q1 us-gaap Number Of Reportable Segments
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RealEstateInvestmentPropertyAtCost
540140046
CY2017Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
456505158
CY2018Q1 soho Real Estate Investment Property Accumulated Depreciation And Impairment
RealEstateInvestmentPropertyAccumulatedDepreciationAndImpairment
101490325
CY2017Q4 soho Real Estate Investment Property Accumulated Depreciation And Impairment
RealEstateInvestmentPropertyAccumulatedDepreciationAndImpairment
98705646
CY2018Q1 us-gaap Mortgage Loans On Real Estate Carrying Amount Of Mortgages
MortgageLoansOnRealEstateCarryingAmountOfMortgages
357200000
CY2017Q4 us-gaap Mortgage Loans On Real Estate Carrying Amount Of Mortgages
MortgageLoansOnRealEstateCarryingAmountOfMortgages
297300000
CY2018Q1 us-gaap Secured Debt
SecuredDebt
359402460
CY2017Q4 us-gaap Secured Debt
SecuredDebt
299051772
CY2018Q1 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
2416404
CY2017Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
1923928
CY2018Q1 us-gaap Debt Instrument Unamortized Premium
DebtInstrumentUnamortizedPremium
184803
CY2017Q4 us-gaap Debt Instrument Unamortized Premium
DebtInstrumentUnamortizedPremium
190972
CY2018Q1 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
23130768
CY2018Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
57267675
CY2018Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
5047909
CY2018Q1 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
195014790
CY2018Q1 us-gaap Operating Leases Future Minimum Payments Remainder Of Fiscal Year
OperatingLeasesFutureMinimumPaymentsRemainderOfFiscalYear
440122
CY2018Q1 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
452023
CY2018Q1 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
364163
CY2018Q1 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
354639
CY2018Q1 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
351464
CY2018Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
7255127
CY2018Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
71686191
CY2018Q1 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
3920165
CY2017Q4 us-gaap Employee Stock Ownership Plan Esop Shares In Esop
EmployeeStockOwnershipPlanESOPSharesInESOP
682500
CY2018Q1 soho Employee Stock Ownership Plan Esop Allocated Shares Fair Value
EmployeeStockOwnershipPlanESOPAllocatedSharesFairValue
242576
CY2017Q4 soho Employee Stock Ownership Plan Esop Allocated Shares Fair Value
EmployeeStockOwnershipPlanESOPAllocatedSharesFairValue
64320
CY2018Q1 soho Employee Stock Ownership Plan Esop Shares Committed To Be Released Fair Value
EmployeeStockOwnershipPlanESOPSharesCommittedToBeReleasedFairValue
41208
CY2017Q4 soho Employee Stock Ownership Plan Esop Shares Committed To Be Released Fair Value
EmployeeStockOwnershipPlanESOPSharesCommittedToBeReleasedFairValue
157118
CY2018Q1 soho Employee Stock Ownership Plan Esop Allocated Shares And Committed To Be Released Fair Value
EmployeeStockOwnershipPlanESOPAllocatedSharesAndCommittedToBeReleasedFairValue
283784
CY2017Q4 soho Employee Stock Ownership Plan Esop Allocated Shares And Committed To Be Released Fair Value
EmployeeStockOwnershipPlanESOPAllocatedSharesAndCommittedToBeReleasedFairValue
221438
CY2017Q4 us-gaap Employee Stock Ownership Plan Esop Deferred Shares Fair Value
EmployeeStockOwnershipPlanESOPDeferredSharesFairValue
4183908
CY2018Q1 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
5882576
CY2018Q1 soho Number Of Hotels Operated Under Franchise License
NumberOfHotelsOperatedUnderFranchiseLicense
9
CY2016Q4 soho Employee Stock Ownership Plan Esop Maximum Borrowing Amount To Purchase Common Stock
EmployeeStockOwnershipPlanESOPMaximumBorrowingAmountToPurchaseCommonStock
5000000
CY2018Q1 soho Employee Stock Ownership Plan Esop Number Of Allocated And Committed To Be Released Shares
EmployeeStockOwnershipPlanESOPNumberOfAllocatedAndCommittedToBeReleasedShares
42256
CY2017Q1 soho Employee Stock Ownership Plan Esop Number Of Allocated And Committed To Be Released Shares
EmployeeStockOwnershipPlanESOPNumberOfAllocatedAndCommittedToBeReleasedShares
0
CY2018Q1 soho Employee Stock Ownership Plan Esop Allocated And Committed To Be Released From Suspense Account Shares Fair Value
EmployeeStockOwnershipPlanESOPAllocatedAndCommittedToBeReleasedFromSuspenseAccountSharesFairValue
283786
CY2017Q1 soho Employee Stock Ownership Plan Esop Allocated And Committed To Be Released From Suspense Account Shares Fair Value
EmployeeStockOwnershipPlanESOPAllocatedAndCommittedToBeReleasedFromSuspenseAccountSharesFairValue
0
CY2018Q1 us-gaap Employee Stock Ownership Plan Esop Number Of Suspense Shares
EmployeeStockOwnershipPlanESOPNumberOfSuspenseShares
640244
CY2018Q1 us-gaap Employee Stock Ownership Plan Esop Deferred Shares Fair Value
EmployeeStockOwnershipPlanESOPDeferredSharesFairValue
4039939
CY2018Q1 us-gaap Employee Stock Ownership Plan Esop Number Of Allocated Shares
EmployeeStockOwnershipPlanESOPNumberOfAllocatedShares
35725
CY2018Q1 us-gaap Employee Stock Ownership Plan Esop Number Of Committed To Be Released Shares
EmployeeStockOwnershipPlanESOPNumberOfCommittedToBeReleasedShares
6531
CY2018Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
11000000
CY2017Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
11000000
CY2018Q1 us-gaap Common Stock Voting Rights
CommonStockVotingRights
Each outstanding share of common stock entitles the holder to one vote on all matters submitted to a vote of stockholders.
CY2016Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2017 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
882820
CY2018Q1 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
0
CY2017 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
5900000
CY2017Q1 us-gaap Stock Issued During Period Shares Employee Stock Ownership Plan
StockIssuedDuringPeriodSharesEmployeeStockOwnershipPlan
682500
CY2017Q1 us-gaap Stock Issued During Period Value Employee Stock Ownership Plan
StockIssuedDuringPeriodValueEmployeeStockOwnershipPlan
4900000
CY2018Q1 soho Common Stock Exchange Ratio
CommonStockExchangeRatio
1
us-gaap Partners Capital Account Units Redeemed
PartnersCapitalAccountUnitsRedeemed
0
CY2018Q1 soho Operating Partnership Common Unit Not Owned
OperatingPartnershipCommonUnitNotOwned
1778140
CY2017Q4 soho Operating Partnership Common Unit Not Owned
OperatingPartnershipCommonUnitNotOwned
1778140
CY2018Q1 soho Percentage Of Matching Contribution For First Specified Percentage Of Employee Contribution
PercentageOfMatchingContributionForFirstSpecifiedPercentageOfEmployeeContribution
1.000
CY2018Q1 soho Percentage Of Matching Contribution For Next Specified Percentage Of Employee Contribution
PercentageOfMatchingContributionForNextSpecifiedPercentageOfEmployeeContribution
0.500
CY2018Q1 soho Percentage Of First Specified Percentage Of Employee Contribution
PercentageOfFirstSpecifiedPercentageOfEmployeeContribution
0.030
CY2018Q1 soho Percentage Of Next Specified Percentage Of Employee Contribution
PercentageOfNextSpecifiedPercentageOfEmployeeContribution
0.020
CY2017Q4 us-gaap Employee Stock Ownership Plan Esop Number Of Allocated Shares
EmployeeStockOwnershipPlanESOPNumberOfAllocatedShares
9473
CY2017Q4 us-gaap Employee Stock Ownership Plan Esop Number Of Committed To Be Released Shares
EmployeeStockOwnershipPlanESOPNumberOfCommittedToBeReleasedShares
24359
CY2018Q1 soho Employee Stock Ownership Plan Esop Number Of Allocated Shares And Committed To Be Released Shares
EmployeeStockOwnershipPlanESOPNumberOfAllocatedSharesAndCommittedToBeReleasedShares
42256
CY2017Q4 soho Employee Stock Ownership Plan Esop Number Of Allocated Shares And Committed To Be Released Shares
EmployeeStockOwnershipPlanESOPNumberOfAllocatedSharesAndCommittedToBeReleasedShares
33832
CY2017Q4 us-gaap Employee Stock Ownership Plan Esop Number Of Suspense Shares
EmployeeStockOwnershipPlanESOPNumberOfSuspenseShares
648668
CY2018Q1 us-gaap Employee Stock Ownership Plan Esop Shares In Esop
EmployeeStockOwnershipPlanESOPSharesInESOP
682500
CY2018Q1 soho Employee Stock Ownership Plan Esop Shares Fair Value
EmployeeStockOwnershipPlanESOPSharesFairValue
4323723
CY2017Q4 soho Employee Stock Ownership Plan Esop Shares Fair Value
EmployeeStockOwnershipPlanESOPSharesFairValue
4405346
CY2017Q1 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
5485
CY2018Q1 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
45693
CY2017Q1 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
48402
CY2018Q1 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
45693
CY2017Q1 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
53887
CY2018Q1 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
207019
CY2017Q1 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
99358
CY2018Q1 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
53243
CY2017Q1 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
18692
CY2018Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
260262
CY2017Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
118050
CY2018Q1 us-gaap Weighted Average Number Of Shares Employee Stock Ownership Plan Shares Not Committed To Be Released
WeightedAverageNumberOfSharesEmployeeStockOwnershipPlanSharesNotCommittedToBeReleased
641929
CY2017Q4 soho Deferred Tax Asset Nondeductible Accrued Expenses
DeferredTaxAssetNondeductibleAccruedExpenses
500000
CY2018Q1 soho Loss Carryforwards Expiration Dates
LossCarryforwardsExpirationDates
2028
CY2018Q1 soho Tax Cuts And Jobs Act Of2017 Change In Tax Rate Deferred Tax Assets Provisional Income Tax Expense Benefit
TaxCutsAndJobsActOf2017ChangeInTaxRateDeferredTaxAssetsProvisionalIncomeTaxExpenseBenefit
2700000
CY2018Q1 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
14114373
CY2017Q1 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
14474551
CY2018Q1 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
98936
CY2017Q1 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
67094
CY2018Q1 soho Deferred Tax Asset Nondeductible Accrued Expenses
DeferredTaxAssetNondeductibleAccruedExpenses
600000
CY2017Q1 us-gaap Weighted Average Number Of Shares Employee Stock Ownership Plan Shares Not Committed To Be Released
WeightedAverageNumberOfSharesEmployeeStockOwnershipPlanSharesNotCommittedToBeReleased
449062
CY2018Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
13472444
CY2017Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
14025489
CY2018Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.02
CY2017Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.13

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