2017 Q4 Form 10-Q Financial Statement

#000143462117000078 Filed on October 26, 2017

View on sec.gov

Income Statement

Concept 2017 Q4 2017 Q3 2016 Q3
Revenue $161.0M $171.5M $94.56M
YoY Change 59.61% 81.36% 35.46%
Cost Of Revenue $5.100M $4.388M $3.392M
YoY Change 50.0% 29.36% 39.24%
Gross Profit $155.9M $167.1M $91.17M
YoY Change 60.06% 83.3% 35.33%
Gross Profit Margin 96.86% 97.44% 96.41%
Selling, General & Admin $141.8M $136.5M $71.83M
YoY Change 79.27% 89.98% 28.33%
% of Gross Profit 90.96% 81.66% 78.79%
Research & Development $5.400M $4.805M $3.718M
YoY Change 125.0% 29.24% 38.99%
% of Gross Profit 3.46% 2.88% 4.08%
Depreciation & Amortization $5.800M $1.798M $1.286M
YoY Change 152.17% 39.81% 68.32%
% of Gross Profit 3.72% 1.08% 1.41%
Operating Expenses $153.0M $141.3M $75.55M
YoY Change 82.36% 86.99% 28.82%
Operating Profit -$175.0K $17.46M $14.15M
YoY Change -101.31% 23.36% 82.04%
Interest Expense -$3.000M -$2.800M -$100.0K
YoY Change 2900.0% 2700.0%
% of Operating Profit -16.04% -0.71%
Other Income/Expense, Net -$200.0K -$228.0K $0.00
YoY Change
Pretax Income -$3.300M $14.42M $14.01M
YoY Change -124.81% 2.96% 80.25%
Income Tax -$5.900M $4.292M $6.729M
% Of Pretax Income 29.76% 48.03%
Net Earnings -$7.700M $9.100M $6.600M
YoY Change -205.48% 37.88% 8.2%
Net Earnings / Revenue -4.78% 5.31% 6.98%
Basic Earnings Per Share -$0.64 $0.76 $0.56
Diluted Earnings Per Share -$0.64 $0.66 $0.52
COMMON SHARES
Basic Shares Outstanding 11.97M shares 12.00M shares 11.75M shares
Diluted Shares Outstanding 13.77M shares 12.74M shares

Balance Sheet

Concept 2017 Q4 2017 Q3 2016 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $368.6M $345.2M $176.9M
YoY Change 304.61% 95.14% 66.42%
Cash & Equivalents $368.6M $345.2M $176.9M
Short-Term Investments
Other Short-Term Assets $16.10M $13.80M $8.000M
YoY Change 98.77% 72.5% -61.17%
Inventory
Prepaid Expenses
Receivables $53.44M $64.13M $38.19M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $438.0M $423.1M $223.1M
YoY Change 211.5% 89.64% 46.75%
LONG-TERM ASSETS
Property, Plant & Equipment $36.43M $35.35M $13.40M
YoY Change 2.73% 163.79% 68.35%
Goodwill $113.4M $113.6M $4.007M
YoY Change 100.8% 2733.99% 10.32%
Intangibles $81.13M $85.27M $15.23M
YoY Change 13.17% 459.89% 38.23%
Long-Term Investments
YoY Change
Other Assets $1.910M $826.0K $855.0K
YoY Change 135.8% -3.39% 578.57%
Total Long-Term Assets $255.4M $256.5M $53.97M
YoY Change 39.72% 375.26% 137.41%
TOTAL ASSETS
Total Short-Term Assets $438.0M $423.1M $223.1M
Total Long-Term Assets $255.4M $256.5M $53.97M
Total Assets $693.5M $679.7M $277.1M
YoY Change 114.41% 145.28% 58.54%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $9.300M $3.600M $2.800M
YoY Change 66.07% 28.57% -54.84%
Accrued Expenses $77.18M $68.74M $37.72M
YoY Change 56.23% 82.25% 4.27%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00
YoY Change
Total Short-Term Liabilities $147.5M $109.7M $52.51M
YoY Change 121.14% 108.92% -7.79%
LONG-TERM LIABILITIES
Long-Term Debt $238.2M $235.1M $0.00
YoY Change
Other Long-Term Liabilities $1.597M $1.473M $1.753M
YoY Change -5.22% -15.97% 542.12%
Total Long-Term Liabilities $239.8M $236.6M $1.753M
YoY Change 14131.22% 13396.46% 542.12%
TOTAL LIABILITIES
Total Short-Term Liabilities $147.5M $109.7M $52.51M
Total Long-Term Liabilities $239.8M $236.6M $1.753M
Total Liabilities $398.6M $376.8M $54.29M
YoY Change 333.28% 594.1% -12.42%
SHAREHOLDERS EQUITY
Retained Earnings -$708.4M -$700.6M -$730.0M
YoY Change -1.98% -4.02% -6.68%
Common Stock $1.088B $1.077B $1.017B
YoY Change 6.83% 5.91% 11.68%
Preferred Stock
YoY Change
Treasury Stock (at cost) $85.09M $74.09M $64.09M
YoY Change 32.77% 15.61% 311.83%
Treasury Stock Shares 2.239M shares 2.206M shares 2.164M shares
Shareholders Equity $294.9M $302.8M $222.8M
YoY Change
Total Liabilities & Shareholders Equity $693.5M $679.7M $277.1M
YoY Change 114.41% 145.28% 58.54%

Cashflow Statement

Concept 2017 Q4 2017 Q3 2016 Q3
OPERATING ACTIVITIES
Net Income -$7.700M $9.100M $6.600M
YoY Change -205.48% 37.88% 8.2%
Depreciation, Depletion And Amortization $5.800M $1.798M $1.286M
YoY Change 152.17% 39.81% 68.32%
Cash From Operating Activities $36.00M $15.80M $23.70M
YoY Change 116.87% -33.33% 53.9%
INVESTING ACTIVITIES
Capital Expenditures -$2.100M -$2.300M -$1.500M
YoY Change -91.25% 53.33% -6.25%
Acquisitions
YoY Change
Other Investing Activities $0.00 -$13.00M -$100.0K
YoY Change -100.0% 12900.0%
Cash From Investing Activities -$2.100M -$15.30M -$1.600M
YoY Change -98.04% 856.25% 6.67%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -10.60M -10.90M -4.700M
YoY Change -325.53% 131.91% 683.33%
NET CHANGE
Cash From Operating Activities 36.00M 15.80M 23.70M
Cash From Investing Activities -2.100M -15.30M -1.600M
Cash From Financing Activities -10.60M -10.90M -4.700M
Net Change In Cash 23.30M -10.40M 17.40M
YoY Change -127.16% -159.77% 30.83%
FREE CASH FLOW
Cash From Operating Activities $36.00M $15.80M $23.70M
Capital Expenditures -$2.100M -$2.300M -$1.500M
Free Cash Flow $38.10M $18.10M $25.20M
YoY Change -6.16% -28.17% 48.24%

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us-gaap Discontinued Operation Income Loss From Discontinued Operation Before Income Tax
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-357000 USD
us-gaap Discontinued Operation Tax Effect Of Discontinued Operation
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-1623000 USD
CY2017Q3 us-gaap Discontinued Operation Tax Effect Of Discontinued Operation
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us-gaap Discontinued Operation Tax Effect Of Discontinued Operation
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3781000 USD
CY2017Q3 us-gaap Disposal Group Including Discontinued Operation Assets Noncurrent
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3781000 USD
CY2016Q3 us-gaap Disposal Group Including Discontinued Operation Revenue
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1834000 USD
us-gaap Disposal Group Including Discontinued Operation Revenue
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1835000 USD
CY2017Q3 us-gaap Disposal Group Including Discontinued Operation Revenue
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0 USD
us-gaap Disposal Group Including Discontinued Operation Revenue
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0.56
us-gaap Earnings Per Share Basic
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1.71
CY2017Q3 us-gaap Earnings Per Share Basic
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0.76
us-gaap Earnings Per Share Basic
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1.95
CY2016Q3 us-gaap Earnings Per Share Diluted
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0.52
us-gaap Earnings Per Share Diluted
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1.58
CY2017Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.66
us-gaap Earnings Per Share Diluted
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1.71
CY2016Q3 us-gaap Effective Income Tax Rate Continuing Operations
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0.480
us-gaap Effective Income Tax Rate Continuing Operations
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0.394
CY2017Q3 us-gaap Effective Income Tax Rate Continuing Operations
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0.298
us-gaap Effective Income Tax Rate Continuing Operations
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0.107
CY2016Q3 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.35 Rate
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.35 Rate
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.35 Rate
CY2016Q4 us-gaap Employee Related Liabilities Current
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5626000 USD
CY2017Q3 us-gaap Employee Related Liabilities Current
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5905000 USD
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Purchases Sales Issuances Settlements
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11318000 USD
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Settlements
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CY2016Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
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23100000 USD
CY2017Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
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54058000 USD
CY2016Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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2480000 USD
CY2017Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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12299000 USD
CY2017Q3 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
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18886000 USD
CY2017Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
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4345000 USD
CY2017Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
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5743000 USD
CY2017Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
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13948000 USD
CY2017Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
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15973000 USD
CY2017Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
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16228000 USD
CY2016Q4 us-gaap Finite Lived Intangible Assets Gross
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64022000 USD
CY2017Q3 us-gaap Finite Lived Intangible Assets Gross
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87422000 USD
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61542000 USD
CY2017Q3 us-gaap Finite Lived Intangible Assets Net
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75123000 USD
us-gaap Gain Loss On Sale Of Property Plant Equipment
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us-gaap Gain Loss On Sale Of Property Plant Equipment
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CY2016Q3 us-gaap General And Administrative Expense
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9008000 USD
us-gaap General And Administrative Expense
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26820000 USD
CY2017Q3 us-gaap General And Administrative Expense
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17920000 USD
CY2017Q3 us-gaap Goodwill
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539545000 USD
us-gaap General And Administrative Expense
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41561000 USD
CY2016Q4 us-gaap Goodwill
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56457000 USD
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596646000 USD
CY2016Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
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483088000 USD
CY2017Q3 us-gaap Goodwill Impaired Accumulated Impairment Loss
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483088000 USD
CY2016Q3 us-gaap Income Loss From Continuing Operations
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7280000 USD
us-gaap Income Loss From Continuing Operations
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23187000 USD
CY2017Q3 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
10131000 USD
us-gaap Income Loss From Continuing Operations
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25936000 USD
CY2016Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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14009000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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38286000 USD
CY2017Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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14423000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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29045000 USD
CY2016Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
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0.62
us-gaap Income Loss From Continuing Operations Per Basic Share
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1.96
CY2017Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
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0.84
us-gaap Income Loss From Continuing Operations Per Basic Share
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2.17
CY2016Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.57
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
1.81
CY2017Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.74
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
1.90
CY2016Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
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us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
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CY2017Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
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us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
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CY2016Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
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us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
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CY2017Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
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us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
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CY2016Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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CY2017Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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-0.07
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
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CY2016Q3 us-gaap Income Tax Expense Benefit
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6729000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
15099000 USD
CY2017Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
4292000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3109000 USD
us-gaap Increase Decrease In Accounts Receivable
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8565000 USD
us-gaap Increase Decrease In Accounts Receivable
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22271000 USD
us-gaap Increase Decrease In Accrued Income Taxes Payable
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13261000 USD
us-gaap Increase Decrease In Accrued Income Taxes Payable
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-1399000 USD
us-gaap Increase Decrease In Other Operating Capital Net
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us-gaap Increase Decrease In Other Operating Capital Net
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296000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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2051000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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5070000 USD
us-gaap Increase Decrease In Restricted Cash
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us-gaap Increase Decrease In Restricted Cash
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CY2016Q3 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
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0 shares
us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
0 shares
CY2017Q3 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
55000 shares
us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
0 shares
CY2016Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
913000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
877000 shares
CY2017Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1619000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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1598000 shares
CY2016Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
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10142000 USD
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71684000 USD
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us-gaap Interest Expense Debt
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4700000 USD
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us-gaap Interest Income Expense Net
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CY2017Q3 us-gaap Interest Income Expense Net
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us-gaap Interest Income Expense Net
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CY2017Q3 us-gaap Liabilities
Liabilities
376843000 USD
CY2016Q4 us-gaap Liabilities And Stockholders Equity
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323427000 USD
CY2017Q3 us-gaap Liabilities And Stockholders Equity
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CY2017Q3 us-gaap Liabilities Of Disposal Group Including Discontinued Operation Current
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13396000 USD
CY2016Q4 us-gaap Litigation Reserve
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CY2016Q3 us-gaap Litigation Settlement Expense
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19000 USD
us-gaap Litigation Settlement Expense
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109000 USD
CY2017Q3 us-gaap Litigation Settlement Expense
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272000 USD
us-gaap Litigation Settlement Expense
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CY2017Q3 us-gaap Long Term Debt Fair Value
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CY2016Q4 us-gaap Long Term Debt Noncurrent
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CY2017Q3 us-gaap Long Term Debt Noncurrent
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us-gaap Net Cash Provided By Used In Continuing Operations
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us-gaap Net Cash Provided By Used In Continuing Operations
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256473000 USD
us-gaap Net Cash Provided By Used In Discontinued Operations
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us-gaap Net Cash Provided By Used In Discontinued Operations
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us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
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us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
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263710000 USD
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
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us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
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us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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38885000 USD
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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65083000 USD
CY2016Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
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6616000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
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20170000 USD
CY2017Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
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9120000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
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23304000 USD
CY2016Q4 us-gaap New Accounting Pronouncement Or Change In Accounting Principle Cumulative Effect Of Change On Equity Or Net Assets1
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1400000 USD
us-gaap New Accounting Pronouncement Or Change In Accounting Principle Effect Of Adoption Quantification
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985000 USD
CY2016Q4 us-gaap Noncontrolling Interest In Variable Interest Entity
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0 USD
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637000 USD
CY2016Q3 us-gaap Operating Income Loss
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14150000 USD
us-gaap Operating Income Loss
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38710000 USD
CY2017Q3 us-gaap Operating Income Loss
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17455000 USD
us-gaap Operating Income Loss
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33308000 USD
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us-gaap Other Depreciation And Amortization
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1011000 USD
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11028000 USD
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1685000 USD
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0 USD
us-gaap Other Nonoperating Income Expense
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0 USD
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us-gaap Other Nonoperating Income Expense
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us-gaap Other Payments To Acquire Businesses
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0 USD
us-gaap Other Payments To Acquire Businesses
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11886000 USD
CY2017Q2 us-gaap Payments For Hedge Financing Activities
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61500000 USD
us-gaap Payments For Hedge Financing Activities
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0 USD
us-gaap Payments For Hedge Financing Activities
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61500000 USD
us-gaap Payments For Repurchase Of Common Stock
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48524000 USD
us-gaap Payments For Repurchase Of Common Stock
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10001000 USD
us-gaap Payments Of Debt Issuance Costs
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8000 USD
us-gaap Payments Of Debt Issuance Costs
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9264000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
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3093000 USD
us-gaap Payments To Acquire Businesses Gross
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0 USD
us-gaap Payments To Acquire Businesses Gross
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29511000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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0 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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25000000 USD
us-gaap Payments To Acquire Intangible Assets
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4500000 USD
us-gaap Payments To Acquire Intangible Assets
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0 USD
us-gaap Payments To Acquire Productive Assets
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8017000 USD
us-gaap Payments To Acquire Productive Assets
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5925000 USD
CY2016Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
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CY2017Q3 us-gaap Preferred Stock Shares Authorized
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CY2016Q4 us-gaap Preferred Stock Shares Issued
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CY2017Q3 us-gaap Preferred Stock Shares Issued
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0 shares
CY2016Q4 us-gaap Preferred Stock Shares Outstanding
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0 shares
CY2017Q3 us-gaap Preferred Stock Shares Outstanding
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0 shares
CY2016Q4 us-gaap Preferred Stock Value
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0 USD
CY2017Q3 us-gaap Preferred Stock Value
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4021000 USD
CY2017Q3 us-gaap Prepaid Expense And Other Assets Current
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9690000 USD
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0 USD
us-gaap Proceeds And Excess Tax Benefit From Sharebased Compensation
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0 USD
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811000 USD
us-gaap Proceeds And Excess Tax Benefit From Sharebased Compensation
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8414000 USD
us-gaap Proceeds From Convertible Debt
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us-gaap Proceeds From Convertible Debt
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300000000 USD
CY2017Q2 us-gaap Proceeds From Issuance Of Warrants
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43400000 USD
us-gaap Proceeds From Issuance Of Warrants
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0 USD
us-gaap Proceeds From Issuance Of Warrants
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43410000 USD
us-gaap Proceeds From Stock Options Exercised
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1065000 USD
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35462000 USD
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35345000 USD
us-gaap Provision For Doubtful Accounts
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378000 USD
us-gaap Provision For Doubtful Accounts
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401000 USD
CY2016Q3 us-gaap Research And Development Expense
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3718000 USD
us-gaap Research And Development Expense
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11384000 USD
CY2017Q3 us-gaap Research And Development Expense
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4805000 USD
us-gaap Research And Development Expense
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12492000 USD
CY2016Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
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4089000 USD
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4087000 USD
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CY2016Q3 us-gaap Revenues
Revenues
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us-gaap Revenues
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283561000 USD
CY2017Q3 us-gaap Revenues
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us-gaap Revenues
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456782000 USD
CY2016Q3 us-gaap Selling And Marketing Expense
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62819000 USD
us-gaap Selling And Marketing Expense
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192416000 USD
CY2017Q3 us-gaap Selling And Marketing Expense
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118538000 USD
us-gaap Selling And Marketing Expense
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320930000 USD
CY2016Q3 us-gaap Severance Costs1
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us-gaap Severance Costs1
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CY2017Q3 us-gaap Severance Costs1
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us-gaap Severance Costs1
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404000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
7410000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
13068000 USD
CY2017Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
402694 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
93.26
CY2017Q3 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
183.80
CY2017Q3 us-gaap Share Price
SharePrice
244.45
CY2017Q2 us-gaap Share Price
SharePrice
156.70
CY2017Q2 us-gaap Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
10000000 USD
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
1064000 USD
CY2010Q1 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
10000000 USD
CY2014Q2 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
10000000 USD
CY2016Q1 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
40000000 USD
CY2016Q1 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
50000000 USD
CY2017Q3 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
38700000 USD
CY2016Q4 us-gaap Stockholders Equity
StockholdersEquity
231435000 USD
CY2017Q3 us-gaap Stockholders Equity
StockholdersEquity
302813000 USD
CY2016Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
2163745 shares
CY2017Q3 us-gaap Treasury Stock Shares
TreasuryStockShares
2205898 shares
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
690218 shares
CY2017Q3 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
42153 shares
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
42153 shares
CY2016Q4 us-gaap Treasury Stock Value
TreasuryStockValue
64085000 USD
CY2017Q3 us-gaap Treasury Stock Value
TreasuryStockValue
74086000 USD
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
10001000 USD
CY2016Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
12742000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
12782000 shares
CY2017Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
13774000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
13625000 shares
CY2016Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
11754000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
11827000 shares
CY2017Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
11999000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
11931000 shares
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:16px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Certain Risks and Concentrations</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">LendingTree's business is subject to certain risks and concentrations including dependence on third-party technology providers, exposure to risks associated with online commerce security and credit card fraud.</font></div><div style="line-height:120%;padding-top:8px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Financial instruments, which potentially subject the Company to concentration of credit risk at </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">September&#160;30, 2017</font><font style="font-family:inherit;font-size:10pt;">, consist primarily of cash and cash equivalents and accounts receivable, as disclosed in the consolidated balance sheet. Cash and cash equivalents are in excess of Federal Deposit Insurance Corporation insurance limits, but are maintained with quality financial institutions of high credit. The Company generally requires certain network lenders to maintain security deposits with the Company, which in the event of non-payment, would be applied against any accounts receivable outstanding.</font></div><div style="line-height:120%;padding-top:8px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Due to the nature of the mortgage lending industry, interest rate fluctuations may negatively impact future revenue from the Company's lender marketplace.</font></div><div style="line-height:120%;padding-top:8px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Lenders participating on the Company's marketplace can offer their products directly to consumers through brokers, mass marketing campaigns or through other traditional methods of credit distribution. These lenders can also offer their products online, either directly to prospective borrowers, through one or more online competitors, or both. If a significant number of potential consumers are able to obtain loans from participating lenders without utilizing the Company's services, its ability to generate revenue may be limited. Because the Company does not have exclusive relationships with the lenders whose loan offerings are offered on its online marketplace, consumers may obtain offers and loans from these lenders without using its service.</font></div><div style="line-height:120%;padding-top:8px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company maintains operations solely in the United States.</font></div></div>
us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:16px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Accounting Estimates</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Management is required to make certain estimates and assumptions during the preparation of the consolidated financial statements in accordance with GAAP. These estimates and assumptions impact the reported amount of assets and liabilities and disclosures of contingent assets and liabilities as of the date of the consolidated financial statements. They also impact the reported amount of net earnings during any period. Actual results could differ from those estimates.&#160;</font></div><div style="line-height:120%;padding-top:8px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Significant estimates underlying the accompanying consolidated financial statements, including discontinued operations, include: loan loss obligations; the recoverability of long-lived assets, goodwill and intangible assets; the determination of income taxes payable and deferred income taxes, including related valuation allowances; fair value of assets acquired in a business combination; contingent consideration related to business combinations; litigation accruals; various other allowances, reserves and accruals; and assumptions related to the determination of stock-based compensation.</font></div></div>

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