2016 Q1 Form 10-K Financial Statement

#000132731816000026 Filed on March 10, 2016

View on sec.gov

Income Statement

Concept 2016 Q1 2015 2014 Q4
Revenue $61.86M $259.8M $55.47M
YoY Change 5.65% 25.74% 38.16%
Cost Of Revenue $6.230M $23.70M $4.990M
YoY Change 7.6% 35.43% 18.53%
Gross Profit $55.64M $236.2M $50.48M
YoY Change 5.46% 24.91% 40.46%
Gross Profit Margin 89.95% 90.9% 91.0%
Selling, General & Admin $47.61M $234.5M $46.53M
YoY Change -5.69% 25.49% 38.94%
% of Gross Profit 85.56% 99.28% 92.18%
Research & Development $13.14M $48.00M $9.810M
YoY Change 34.63% 31.15% 45.33%
% of Gross Profit 23.62% 20.32% 19.43%
Depreciation & Amortization $5.902M $17.65M $3.750M
YoY Change 51.45% 33.55% 56.25%
% of Gross Profit 10.61% 7.47% 7.43%
Operating Expenses $47.61M $234.5M $60.08M
YoY Change -5.69% 25.49% 40.9%
Operating Profit -$11.02M -$63.98M -$9.600M
YoY Change -3.37% 34.68% 43.28%
Interest Expense $608.0K $443.0K -$40.00K
YoY Change 1251.11% 16.58% -94.67%
% of Operating Profit
Other Income/Expense, Net $0.00 $13.00K $10.00K
YoY Change -100.0% -64.86%
Pretax Income -$11.53M -$64.31M -$9.630M
YoY Change 1.03% 34.56% 29.26%
Income Tax $136.0K $606.0K $200.0K
% Of Pretax Income
Net Earnings -$11.67M -$64.91M -$9.830M
YoY Change 0.38% 34.03% 29.0%
Net Earnings / Revenue -18.86% -24.98% -17.72%
Basic Earnings Per Share
Diluted Earnings Per Share -$139.8K -$792.4K -$125.4K
COMMON SHARES
Basic Shares Outstanding 83.52M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2016 Q1 2015 2014 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $106.0M $112.4M $147.5M
YoY Change -25.93% -23.8% 236.76%
Cash & Equivalents $106.0M $112.4M $147.5M
Short-Term Investments
Other Short-Term Assets $606.0K $6.500M $3.040M
YoY Change -89.37% 3.17% -46.67%
Inventory
Prepaid Expenses $5.136M $5.193M
Receivables $29.91M $33.80M $28.75M
Other Receivables $0.00 $300.0K $2.000M
Total Short-Term Assets $141.6M $153.0M $184.5M
YoY Change -20.3% -17.07% 165.11%
LONG-TERM ASSETS
Property, Plant & Equipment $70.10M $71.40M $30.73M
YoY Change 24.96% 132.57% 102.18%
Goodwill $53.27M $53.27M
YoY Change
Intangibles $22.78M $27.95M
YoY Change
Long-Term Investments
YoY Change
Other Assets $942.0K $900.0K $482.0K
YoY Change 34.57% 80.0% -78.09%
Total Long-Term Assets $147.1M $149.4M $112.4M
YoY Change 7.37% 32.8% 6.87%
TOTAL ASSETS
Total Short-Term Assets $141.6M $153.0M $184.5M
Total Long-Term Assets $147.1M $149.4M $112.4M
Total Assets $288.7M $302.4M $297.0M
YoY Change -8.26% 1.82% 69.88%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $12.12M $18.90M $12.83M
YoY Change -1.5% 47.66% 30.88%
Accrued Expenses $11.04M $19.70M $11.78M
YoY Change -49.84% -22.75% -26.36%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $30.24M $39.10M $38.85M
YoY Change -11.83% 0.51% 25.74%
LONG-TERM LIABILITIES
Long-Term Debt $27.10M $27.00M $6.100M
YoY Change 1.88% 342.62%
Other Long-Term Liabilities $1.132M $1.200M $562.0K
YoY Change 88.67% 100.0% -6.33%
Total Long-Term Liabilities $1.132M $28.20M $562.0K
YoY Change -95.84% 320.9% -6.33%
TOTAL LIABILITIES
Total Short-Term Liabilities $30.24M $39.10M $38.85M
Total Long-Term Liabilities $1.132M $28.20M $562.0K
Total Liabilities $61.05M $69.70M $47.75M
YoY Change -4.45% 45.82% 43.41%
SHAREHOLDERS EQUITY
Retained Earnings -$287.6M -$211.0M
YoY Change
Common Stock $515.2M $460.2M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $227.7M $232.7M $249.2M
YoY Change
Total Liabilities & Shareholders Equity $288.7M $302.4M $297.0M
YoY Change -8.26% 1.82% 69.88%

Cashflow Statement

Concept 2016 Q1 2015 2014 Q4
OPERATING ACTIVITIES
Net Income -$11.67M -$64.91M -$9.830M
YoY Change 0.38% 34.03% 29.0%
Depreciation, Depletion And Amortization $5.902M $17.65M $3.750M
YoY Change 51.45% 33.55% 56.25%
Cash From Operating Activities -$490.0K -$11.37M $8.000M
YoY Change -84.49% -466.77% 306.09%
INVESTING ACTIVITIES
Capital Expenditures $6.308M $29.84M -$3.210M
YoY Change 21.92% 92.11% 11.07%
Acquisitions
YoY Change
Other Investing Activities $0.00 $370.0K
YoY Change -100.0% 94.74%
Cash From Investing Activities -$6.310M -$29.84M -$2.830M
YoY Change 22.05% 203.87% 4.81%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 400.0K 6.040M 29.37M
YoY Change -89.64% -94.53% 3.52%
NET CHANGE
Cash From Operating Activities -490.0K -11.37M 8.000M
Cash From Investing Activities -6.310M -29.84M -2.830M
Cash From Financing Activities 400.0K 6.040M 29.37M
Net Change In Cash -6.400M -35.17M 34.54M
YoY Change 43.18% -133.91% 24.96%
FREE CASH FLOW
Cash From Operating Activities -$490.0K -$11.37M $8.000M
Capital Expenditures $6.308M $29.84M -$3.210M
Free Cash Flow -$6.798M -$41.21M $11.21M
YoY Change -18.43% 231.48% 130.66%

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30344000 shares
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29656000 shares
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CY2014 us-gaap Asset Impairment Charges
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0 USD
CY2015 us-gaap Asset Impairment Charges
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CY2015Q4 us-gaap Assets
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95000 USD
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0 USD
CY2015 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
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0 USD
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109000 USD
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795000 USD
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147000000 shares
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1000000000 shares
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1000000000 shares
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150000000 shares
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CY2015Q4 us-gaap Common Stock Value
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0 USD
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29224000 USD
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0 USD
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15295000 USD
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17513000 USD
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23657000 USD
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156586000 USD
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254154000 USD
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323820000 USD
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0 USD
CY2014 us-gaap Current Federal Tax Expense Benefit
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0 USD
CY2015 us-gaap Current Federal Tax Expense Benefit
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0 USD
CY2013 us-gaap Current Income Tax Expense Benefit
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7000 USD
CY2014 us-gaap Current Income Tax Expense Benefit
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63000 USD
CY2015 us-gaap Current Income Tax Expense Benefit
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25000 USD
CY2013 us-gaap Current State And Local Tax Expense Benefit
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7000 USD
CY2014 us-gaap Current State And Local Tax Expense Benefit
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63000 USD
CY2015 us-gaap Current State And Local Tax Expense Benefit
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25000 USD
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25447000 USD
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0 USD
CY2015 us-gaap Debt Conversion Converted Instrument Amount1
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0 USD
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504000 USD
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540000 USD
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547000 USD
CY2013 us-gaap Deferred Income Tax Expense Benefit
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572000 USD
CY2014 us-gaap Deferred Income Tax Expense Benefit
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577000 USD
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581000 USD
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18729000 USD
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579000 USD
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577000 USD
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581000 USD
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500000 USD
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68000 USD
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37000 USD
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34000 USD
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540000 USD
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1249000 USD
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1325000 USD
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7799000 USD
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0 USD
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318000 USD
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2413000 USD
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8020000 USD
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7166000 USD
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2245000 USD
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2413000 USD
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3985000 USD
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6974000 USD
CY2013 us-gaap Defined Contribution Plan Cost Recognized
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900000 USD
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1200000 USD
CY2015 us-gaap Defined Contribution Plan Cost Recognized
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1700000 USD
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11569000 USD
CY2014 us-gaap Depreciation Depletion And Amortization
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13213000 USD
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13975000 USD
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16316000 USD
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70358000 USD
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277000 USD
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298000 USD
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610000 USD
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610000 USD
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18648000 USD
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25057000 USD
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1932000 USD
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4160000 USD
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41412000 USD
CY2013Q4 us-gaap Deferred Tax Assets Valuation Allowance
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47858000 USD
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64449000 USD
CY2015Q4 us-gaap Deferred Tax Assets Valuation Allowance
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84167000 USD
CY2015Q4 us-gaap Deferred Tax Assets Valuation Allowance
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84200000 USD
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-0.024
CY2014 us-gaap Effective Income Tax Rate Continuing Operations
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0.34
CY2014 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.34
CY2015 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.34
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0.001
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-0.009
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P10Y2M12D
CY2015 us-gaap Finite Lived Intangible Asset Useful Life
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P10Y2M12D
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14341000 USD
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18475000 USD
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4473000 USD
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4041000 USD
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3787000 USD
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3791000 USD
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3861000 USD
CY2015Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
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3862000 USD
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42290000 USD
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42290000 USD
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27949000 USD
CY2015Q4 us-gaap Finite Lived Intangible Assets Net
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23815000 USD
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CY2014 us-gaap Gain Loss On Disposition Of Assets1
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30857000 USD
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58296000 USD
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0 USD
CY2014 us-gaap Goodwill Impairment Loss
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0 USD
CY2015 us-gaap Goodwill Impairment Loss
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0 USD
CY2013 us-gaap Impairment Of Long Lived Assets Held For Use
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0 USD
CY2014 us-gaap Impairment Of Long Lived Assets Held For Use
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0 USD
CY2015 us-gaap Impairment Of Long Lived Assets Held For Use
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0 USD
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CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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579000 USD
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640000 USD
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606000 USD
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0 USD
CY2014 us-gaap Income Taxes Paid
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20000 USD
CY2015 us-gaap Income Taxes Paid
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48000 USD
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1382000 USD
CY2014 us-gaap Increase Decrease In Accounts Payable
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3399000 USD
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5312000 USD
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8196000 USD
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10372000 USD
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5938000 USD
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4253000 USD
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0 USD
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30000 USD
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0 USD
CY2014 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
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0 USD
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13000 USD
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0 USD
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0 USD
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0 USD
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0 USD
CY2014 us-gaap Payments Related To Tax Withholding For Share Based Compensation
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539000 USD
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139000 USD
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617000 USD
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121000 USD
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59000 USD
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107000 USD
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47754000 USD
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29000 USD
CY2014 us-gaap Increase Decrease In Other Current Assets
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1316000 USD
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CY2013 us-gaap Increase Decrease In Other Noncurrent Assets
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281000 USD
CY2014 us-gaap Increase Decrease In Other Noncurrent Assets
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26000 USD
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3973000 USD
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3883000 USD
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-6510000 USD
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458000 USD
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-422000 USD
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-157000 USD
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521000 USD
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1955000 USD
CY2014 us-gaap Increase Decrease In Prepaid Expense
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1643000 USD
CY2015 us-gaap Increase Decrease In Prepaid Expense
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855000 USD
CY2013 us-gaap Increase Decrease In Restricted Cash
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-2500000 USD
CY2014 us-gaap Increase Decrease In Restricted Cash
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CY2015 us-gaap Increase Decrease In Restricted Cash
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0 USD
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27949000 USD
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23815000 USD
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1988000 USD
CY2014 us-gaap Interest Expense
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380000 USD
CY2015 us-gaap Interest Expense
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443000 USD
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64000 USD
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-3911000 USD
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3104000 USD
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CY2013 us-gaap Net Income Loss
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-25056000 USD
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0 USD
CY2013 us-gaap Payments To Acquire Property Plant And Equipment
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8404000 USD
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15531000 USD
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69682000 USD
CY2014Q4 us-gaap Liabilities And Stockholders Equity
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296952000 USD
CY2015Q4 us-gaap Liabilities And Stockholders Equity
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302374000 USD
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38854000 USD
CY2015Q4 us-gaap Liabilities Current
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39104000 USD
CY2013 us-gaap Marketing And Advertising Expense
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27500000 USD
CY2014 us-gaap Marketing And Advertising Expense
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58100000 USD
CY2015 us-gaap Marketing And Advertising Expense
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79600000 USD
CY2013 us-gaap Net Cash Provided By Used In Continuing Operations
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21757000 USD
CY2014 us-gaap Net Cash Provided By Used In Continuing Operations
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103720000 USD
CY2015 us-gaap Net Cash Provided By Used In Continuing Operations
NetCashProvidedByUsedInContinuingOperations
-35168000 USD
CY2013 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
31151000 USD
CY2014 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
110439000 USD
CY2015 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
6037000 USD
CY2013 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-5483000 USD
CY2014 us-gaap Payments To Acquire Intangible Assets
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365000 USD
CY2015 us-gaap Number Of Operating Segments
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1
CY2013 us-gaap Operating Income Loss
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-22628000 USD
CY2014 us-gaap Operating Income Loss
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-47505000 USD
CY2015 us-gaap Operating Income Loss
OperatingIncomeLoss
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CY2013 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
2700000 USD
CY2014 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
2800000 USD
CY2015 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
6300000 USD
CY2014Q4 us-gaap Other Assets Current
OtherAssetsCurrent
3040000 USD
CY2015Q4 us-gaap Other Assets Current
OtherAssetsCurrent
779000 USD
CY2014Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
482000 USD
CY2015Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
940000 USD
CY2013 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-25056000 USD
CY2014 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-48429000 USD
CY2015 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-64911000 USD
CY2014Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
562000 USD
CY2015Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
1178000 USD
CY2013 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
18000 USD
CY2014 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
37000 USD
CY2015 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
13000 USD
CY2013 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1000000 USD
CY2014 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 USD
CY2015 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 USD
CY2014Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2014 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
21000 USD
CY2015 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
0 USD
CY2015 us-gaap Payments To Acquire Property Plant And Equipment
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29836000 USD
CY2013 us-gaap Payments To Fund Longterm Loans To Related Parties
PaymentsToFundLongtermLoansToRelatedParties
0 USD
CY2014 us-gaap Payments To Fund Longterm Loans To Related Parties
PaymentsToFundLongtermLoansToRelatedParties
60000 USD
CY2015 us-gaap Payments To Fund Longterm Loans To Related Parties
PaymentsToFundLongtermLoansToRelatedParties
0 USD
CY2015 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
908000 USD
CY2013 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
551000 USD
CY2013 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
0 USD
CY2014 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
29000 USD
CY2015 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
0 USD
CY2013 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
0 USD
CY2015Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2014Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
20000000 shares
CY2015Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
20000000 shares
CY2014Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2015Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2014Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2015Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2014Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2015Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2014Q4 us-gaap Prepaid Advertising
PrepaidAdvertising
2300000 USD
CY2015Q4 us-gaap Prepaid Advertising
PrepaidAdvertising
1800000 USD
CY2014Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
5193000 USD
CY2015Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
6048000 USD
CY2013 us-gaap Proceeds From Collection Of Longterm Loans To Related Parties
ProceedsFromCollectionOfLongtermLoansToRelatedParties
421000 USD
CY2014 us-gaap Proceeds From Collection Of Longterm Loans To Related Parties
ProceedsFromCollectionOfLongtermLoansToRelatedParties
4133000 USD
CY2015 us-gaap Proceeds From Collection Of Longterm Loans To Related Parties
ProceedsFromCollectionOfLongtermLoansToRelatedParties
0 USD
CY2013 us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
0 USD
CY2014 us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
69702000 USD
CY2015 us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
0 USD
CY2013 us-gaap Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
29901000 USD
CY2014 us-gaap Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
0 USD
CY2015 us-gaap Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
0 USD
CY2013 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
5000000 USD
CY2014 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
5000000 USD
CY2015 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
0 USD
CY2013 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
229000 USD
CY2014 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
5851000 USD
CY2015 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
6328000 USD
CY2013 us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
0 USD
CY2014 us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
9461000 USD
CY2015 us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
0 USD
CY2014Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
50655000 USD
CY2015Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
101001000 USD
CY2014Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
30731000 USD
CY2015Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
71390000 USD
CY2013 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
153000 USD
CY2014 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
373000 USD
CY2015 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
925000 USD
CY2015Q4 us-gaap Purchase Obligation
PurchaseObligation
5543000 USD
CY2015Q4 us-gaap Purchase Obligation Due After Fifth Year
PurchaseObligationDueAfterFifthYear
0 USD
CY2015Q4 us-gaap Purchase Obligation Due In Fourth And Fifth Year
PurchaseObligationDueInFourthAndFifthYear
2000 USD
CY2015Q4 us-gaap Purchase Obligation Due In Next Twelve Months
PurchaseObligationDueInNextTwelveMonths
3655000 USD
CY2015Q4 us-gaap Purchase Obligation Due In Second And Third Year
PurchaseObligationDueInSecondAndThirdYear
1886000 USD
CY2013 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
0 USD
CY2014 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
10000000 USD
CY2015 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
0 USD
CY2015 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
81914000 shares
CY2015 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Concentrations of Credit and Business Risk</font></div><div style="line-height:120%;padding-bottom:16px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Financial instruments that potentially subject the Company to credit risk consist principally of cash and cash equivalents and accounts receivable.&#160;</font></div><div style="line-height:120%;padding-bottom:16px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company, at times, maintains cash balances at financial institutions in excess of amounts insured by United States government agencies or payable by the United States government directly. The Company places its cash and cash equivalents with high credit quality financial institutions.</font></div><div style="line-height:120%;padding-bottom:16px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Each reporting period, the Company reevaluates each customer&#8217;s ability to satisfy credit obligations and maintains an allowance for doubtful accounts based on the evaluations. No single customer comprised more than 10% of the Company&#8217;s total revenues for the years ended </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2015</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;">2014</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2013</font><font style="font-family:inherit;font-size:10pt;">. No single customer comprised more than 10% of the Company&#8217;s accounts receivable balance at </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2015</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2014</font><font style="font-family:inherit;font-size:10pt;">.</font></div><div style="line-height:120%;padding-bottom:16px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company&#8217;s single largest source of unique visitors to its Auto Buying Programs comes from its affinity group marketing partner relationship with United Services Automobile Association (&#8220;USAA&#8221;), a related party (Note&#160;13). Changes in the Company&#8217;s relationship with USAA and its promotion and marketing of the Company&#8217;s Auto Buying Programs may have a material adverse effect on the Company&#8217;s business, financial condition, results of operations and cash flows.</font></div><div style="line-height:120%;padding-bottom:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;"></font></div></div>
CY2013 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
58540000 shares
CY2014 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
70837000 shares
CY2015Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-275900000 USD
CY2013 us-gaap Sales Revenue Net
SalesRevenueNet
133958000 USD
CY2014 us-gaap Sales Revenue Net
SalesRevenueNet
206649000 USD
CY2015 us-gaap Sales Revenue Net
SalesRevenueNet
259838000 USD
CY2013 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
75180000 USD
CY2014 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
128569000 USD
CY2014Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-210989000 USD
CY2015 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
151002000 USD
CY2013 us-gaap Share Based Compensation
ShareBasedCompensation
9346000 USD
CY2014 us-gaap Share Based Compensation
ShareBasedCompensation
29333000 USD
CY2015 us-gaap Share Based Compensation
ShareBasedCompensation
42563000 USD
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
3747340 shares
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.61
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.58
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.49
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0141
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0193
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0166
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
3095368 shares
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
24277901 shares
CY2013 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
9886000 USD
CY2014 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
30582000 USD
CY2015 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
43888000 USD
CY2013 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y22D
CY2014 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y2M27D
CY2015 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y11D
CY2014 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
29224000 USD
CY2014 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
69151000 USD
CY2013 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
423000 USD
CY2014 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
5313000 USD
CY2015 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
5420000 USD
CY2013 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
229000 USD
CY2013 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
2000000 USD
CY2012Q4 us-gaap Stockholders Equity
StockholdersEquity
98196000 USD
CY2013Q4 us-gaap Stockholders Equity
StockholdersEquity
112180000 USD
CY2014Q4 us-gaap Stockholders Equity
StockholdersEquity
249198000 USD
CY2015Q4 us-gaap Stockholders Equity
StockholdersEquity
232692000 USD
CY2012Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
-4000 USD
CY2013Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
-4000 USD
CY2014Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
46000 USD
CY2015Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
3000 USD
CY2013 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
0 USD
CY2015 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:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Reclassification</font></div><div style="line-height:120%;padding-bottom:16px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Certain prior year amounts have been reclassified for consistency with the current period presentation. These reclassifications were not material to the financial statements.</font></div></div>
CY2015 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Use of Estimates</font></div><div style="line-height:120%;padding-bottom:16px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the dates of the consolidated financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Assets and liabilities which are subject to judgment and use of estimates include sales allowances and allowances for doubtful accounts, the fair value of assets and liabilities assumed in business combinations, fair value of the capitalized facility lease, the recoverability of goodwill and long-lived assets, valuation allowances with respect to deferred tax assets, useful lives associated with property and equipment and intangible assets, lease exit liabilities, contingencies, and the valuation and assumptions underlying stock-based compensation and other equity instruments. On an ongoing basis, the Company evaluates its estimates compared to historical experience and trends, which form the basis for making judgments about the carrying value of assets and liabilities. In addition, the Company engaged valuation specialists to assist with management&#8217;s determination of the valuation of its capitalized facility lease, fair values of assets and liabilities assumed in business combinations, the fair value of reporting units in connection with annual goodwill impairment testing, and in periods prior to the Company&#8217;s initial public offering, valuation of common stock.</font></div><div style="line-height:120%;padding-bottom:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;"></font></div></div>

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