2017 Q4 Form 10-Q Financial Statement
#000132731817000031 Filed on November 09, 2017
Income Statement
Concept | 2017 Q4 | 2017 Q3 | 2016 Q3 |
---|---|---|---|
Revenue | $83.13M | $82.44M | $75.14M |
YoY Change | 12.22% | 9.72% | 3.78% |
Cost Of Revenue | $7.620M | $7.090M | $6.320M |
YoY Change | 21.73% | 12.18% | 6.22% |
Gross Profit | $75.52M | $75.35M | $68.82M |
YoY Change | 11.35% | 9.49% | 3.57% |
Gross Profit Margin | 90.85% | 91.4% | 91.59% |
Selling, General & Admin | $65.51M | $63.38M | $56.32M |
YoY Change | 16.44% | 12.52% | -6.81% |
% of Gross Profit | 86.75% | 84.11% | 81.84% |
Research & Development | $15.95M | $15.36M | $13.15M |
YoY Change | 20.2% | 16.81% | 6.56% |
% of Gross Profit | 21.12% | 20.38% | 19.11% |
Depreciation & Amortization | $4.910M | $5.730M | $6.030M |
YoY Change | -10.07% | -4.98% | 35.51% |
% of Gross Profit | 6.5% | 7.6% | 8.76% |
Operating Expenses | $86.42M | $63.38M | $56.32M |
YoY Change | 15.13% | 12.52% | -6.81% |
Operating Profit | -$10.90M | -$9.146M | -$6.691M |
YoY Change | 50.55% | 36.69% | -38.05% |
Interest Expense | -$180.0K | $654.0K | $645.0K |
YoY Change | -67.86% | 1.4% | 305.66% |
% of Operating Profit | |||
Other Income/Expense, Net | $0.00 | ||
YoY Change | |||
Pretax Income | -$11.08M | -$9.398M | -$7.245M |
YoY Change | 42.23% | 29.72% | -33.73% |
Income Tax | $30.00K | $121.0K | $191.0K |
% Of Pretax Income | |||
Net Earnings | -$8.480M | -$9.519M | -$7.436M |
YoY Change | 6.67% | 28.01% | -33.04% |
Net Earnings / Revenue | -10.2% | -11.55% | -9.9% |
Basic Earnings Per Share | |||
Diluted Earnings Per Share | -$84.68K | -$96.48K | -$87.72K |
COMMON SHARES | |||
Basic Shares Outstanding | 99.99M shares | 98.50M shares | 84.61M shares |
Diluted Shares Outstanding |
Balance Sheet
Concept | 2017 Q4 | 2017 Q3 | 2016 Q3 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $197.8M | $196.4M | $103.0M |
YoY Change | 83.66% | 90.68% | -16.73% |
Cash & Equivalents | $197.8M | $196.4M | $103.0M |
Short-Term Investments | |||
Other Short-Term Assets | $1.145M | $2.821M | $1.417M |
YoY Change | -49.74% | 99.08% | -23.32% |
Inventory | |||
Prepaid Expenses | $5.475M | $7.114M | $7.205M |
Receivables | $39.17M | $39.59M | $35.87M |
Other Receivables | $100.0K | $0.00 | $0.00 |
Total Short-Term Assets | $243.6M | $245.9M | $147.5M |
YoY Change | 59.28% | 66.77% | -12.23% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $70.71M | $68.38M | $67.24M |
YoY Change | 5.63% | 1.7% | -1.09% |
Goodwill | $53.27M | $53.27M | $53.27M |
YoY Change | 0.0% | 0.0% | 0.0% |
Intangibles | $15.91M | $16.88M | $20.74M |
YoY Change | -19.53% | -18.62% | -16.53% |
Long-Term Investments | |||
YoY Change | |||
Other Assets | $1.391M | $1.589M | $1.251M |
YoY Change | -10.43% | 27.02% | 26.49% |
Total Long-Term Assets | $141.3M | $140.1M | $142.5M |
YoY Change | -0.18% | -1.67% | -3.12% |
TOTAL ASSETS | |||
Total Short-Term Assets | $243.6M | $245.9M | $147.5M |
Total Long-Term Assets | $141.3M | $140.1M | $142.5M |
Total Assets | $384.8M | $386.0M | $290.0M |
YoY Change | 30.7% | 33.13% | -7.98% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $18.62M | $21.31M | $13.01M |
YoY Change | 34.66% | 63.8% | -42.77% |
Accrued Expenses | $12.79M | $10.95M | $11.81M |
YoY Change | 1.65% | -7.24% | -11.27% |
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 | $37.98M | $38.96M | $33.37M |
YoY Change | 7.4% | 16.73% | -20.24% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $29.10M | $29.10M | $28.80M |
YoY Change | 1.04% | 1.04% | 6.67% |
Other Long-Term Liabilities | $3.797M | $3.474M | $2.574M |
YoY Change | 41.73% | 34.97% | 371.43% |
Total Long-Term Liabilities | $3.797M | $3.474M | $2.574M |
YoY Change | 41.73% | 34.97% | 371.43% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $37.98M | $38.96M | $33.37M |
Total Long-Term Liabilities | $3.797M | $3.474M | $2.574M |
Total Liabilities | $71.72M | $74.91M | $67.57M |
YoY Change | 2.65% | 10.86% | -6.24% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$351.1M | -$342.6M | -$310.3M |
YoY Change | 10.32% | 10.42% | 24.89% |
Common Stock | $664.2M | $653.7M | $532.7M |
YoY Change | 22.36% | 22.73% | 8.38% |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $313.1M | $311.1M | $222.4M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $384.8M | $386.0M | $290.0M |
YoY Change | 30.7% | 33.13% | -7.98% |
Cashflow Statement
Concept | 2017 Q4 | 2017 Q3 | 2016 Q3 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$8.480M | -$9.519M | -$7.436M |
YoY Change | 6.67% | 28.01% | -33.04% |
Depreciation, Depletion And Amortization | $4.910M | $5.730M | $6.030M |
YoY Change | -10.07% | -4.98% | 35.51% |
Cash From Operating Activities | $5.210M | $4.190M | -$530.0K |
YoY Change | -2.98% | -890.57% | -119.27% |
INVESTING ACTIVITIES | |||
Capital Expenditures | -$4.620M | -$4.850M | -$3.080M |
YoY Change | 22.55% | 57.47% | -45.0% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | |||
YoY Change | |||
Cash From Investing Activities | -$4.620M | -$4.850M | -$3.080M |
YoY Change | 22.55% | 57.47% | -45.0% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 770.0K | 15.34M | 3.480M |
YoY Change | -75.48% | 340.8% | 489.83% |
NET CHANGE | |||
Cash From Operating Activities | 5.210M | 4.190M | -530.0K |
Cash From Investing Activities | -4.620M | -4.850M | -3.080M |
Cash From Financing Activities | 770.0K | 15.34M | 3.480M |
Net Change In Cash | 1.360M | 14.68M | -130.0K |
YoY Change | -71.31% | -11392.31% | -94.25% |
FREE CASH FLOW | |||
Cash From Operating Activities | $5.210M | $4.190M | -$530.0K |
Capital Expenditures | -$4.620M | -$4.850M | -$3.080M |
Free Cash Flow | $9.830M | $9.040M | $2.550M |
YoY Change | 7.55% | 254.51% | -69.46% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
true |
Taxes Payable Relatedto Tax Withholdingfor Sharebased Compensation
TaxesPayableRelatedtoTaxWithholdingforSharebasedCompensation
|
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Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
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Increase Decrease In Accrued Liabilities
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Stock Offering Shares Authorizedtobe Issued Value
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|
100000000 | USD |
true |
Taxes Payable Relatedto Tax Withholdingfor Sharebased Compensation
TaxesPayableRelatedtoTaxWithholdingforSharebasedCompensation
|
0 | USD | |
true |
Proceeds From Build To Suit Lease Financing Obligations
ProceedsFromBuildToSuitLeaseFinancingObligations
|
0 | USD | |
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Proceeds Receivablefrom Issuanceof Sharesunder Incentiveand Sharebased Compensation Plans Including Stock Options
ProceedsReceivablefromIssuanceofSharesunderIncentiveandSharebasedCompensationPlansIncludingStockOptions
|
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true |
Proceeds Receivablefrom Issuanceof Sharesunder Incentiveand Sharebased Compensation Plans Including Stock Options
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|
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CY2016Q4 | true |
Property Plant And Equipment Gross Assets Not Placed In Service
PropertyPlantAndEquipmentGrossAssetsNotPlacedInService
|
4300000 | USD |
CY2017Q3 | true |
Property Plant And Equipment Gross Assets Not Placed In Service
PropertyPlantAndEquipmentGrossAssetsNotPlacedInService
|
5700000 | USD |
true |
Provision For Doubtful Accounts And Other Reserves
ProvisionForDoubtfulAccountsAndOtherReserves
|
817000 | USD | |
true |
Provision For Doubtful Accounts And Other Reserves
ProvisionForDoubtfulAccountsAndOtherReserves
|
1062000 | USD | |
dei |
Amendment Flag
AmendmentFlag
|
false | ||
dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | ||
dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q3 | ||
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Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2017 | ||
dei |
Document Period End Date
DocumentPeriodEndDate
|
2017-09-30 | ||
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Document Type
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|
10-Q | ||
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Entity Central Index Key
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Entity Common Stock Shares Outstanding
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Entity Current Reporting Status
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Entity Filer Category
EntityFilerCategory
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Accelerated Filer | ||
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Entity Registrant Name
EntityRegistrantName
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Accrued Expenses And Other Current Liabilities Related Parties
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992000 | USD |
CY2017Q3 | true |
Accrued Expenses And Other Current Liabilities Related Parties
AccruedExpensesAndOtherCurrentLiabilitiesRelatedParties
|
49000 | USD |
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Common Stock Shares Soldby Shareholders
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Lease Financing Obligation
LeaseFinancingObligation
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28833000 | USD |
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Lease Financing Obligation
LeaseFinancingObligation
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29086000 | USD |
true |
Noncash Interest Expense
NoncashInterestExpense
|
314000 | USD | |
true |
Noncash Interest Expense
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|
312000 | USD | |
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Operating Expenses Depreciation Amortization And Gain Loss On Disposal Of Assets
OperatingExpensesDepreciationAmortizationAndGainLossOnDisposalOfAssets
|
6035000 | USD |
true |
Operating Expenses Depreciation Amortization And Gain Loss On Disposal Of Assets
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17807000 | USD | |
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Operating Expenses Depreciation Amortization And Gain Loss On Disposal Of Assets
OperatingExpensesDepreciationAmortizationAndGainLossOnDisposalOfAssets
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5765000 | USD |
true |
Operating Expenses Depreciation Amortization And Gain Loss On Disposal Of Assets
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17517000 | USD | |
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Paymentsfor Repurchaseof Stock Option Awards
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100000 | USD | |
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Paymentsfor Repurchaseof Stock Option Awards
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Accounts Payable Related Parties Current
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Accrued Liabilities Current
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Allocated Share Based Compensation Expense
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Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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Assets
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Assets Current
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Capital Expenditures Incurred But Not Yet Paid
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Cash And Cash Equivalents At Carrying Value
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Common Stock Shares Authorized
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Common Stock Value
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Cost Of Services Excluding Depreciation Depletion And Amortization
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Costs And Expenses
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Deferred Income Taxes And Tax Credits
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Deferred Income Taxes And Tax Credits
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Depreciation Depletion And Amortization
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Depreciation Depletion And Amortization
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Earnings Per Share Basic And Diluted
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Earnings Per Share Basic And Diluted
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-0.10 | |
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Earnings Per Share Basic And Diluted
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|
-0.26 | ||
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Employee Related Liabilities Current
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Employee Related Liabilities Current
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Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
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Gain Loss On Disposition Of Assets1
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Gain Loss On Disposition Of Assets1
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General And Administrative Expense
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General And Administrative Expense
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Goodwill
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Goodwill
Goodwill
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us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-33261000 | USD | |
CY2017Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-9398000 | USD |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-23931000 | USD | |
CY2016Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
191000 | USD |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
497000 | USD | |
CY2017Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
121000 | USD |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
443000 | USD | |
CY2017Q3 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
-9519000 | USD |
us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
-24374000 | USD | |
CY2016Q4 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
2679000 | USD |
CY2017Q3 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
3474000 | USD |
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-5134000 | USD | |
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
7400000 | USD | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
2928000 | USD | |
us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
-1081000 | USD | |
us-gaap |
Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
|
756000 | USD | |
us-gaap |
Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
|
-2835000 | USD | |
us-gaap |
Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
|
638000 | USD | |
us-gaap |
Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
|
167000 | USD | |
us-gaap |
Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
|
311000 | USD | |
us-gaap |
Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
|
36000 | USD | |
us-gaap |
Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
|
1396000 | USD | |
us-gaap |
Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
|
795000 | USD | |
us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
1181000 | USD | |
us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
1070000 | USD | |
CY2016Q4 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
19774000 | USD |
CY2017Q3 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
16878000 | USD |
CY2016Q3 | us-gaap |
Interest Expense
InterestExpense
|
645000 | USD |
us-gaap |
Interest Expense
InterestExpense
|
1885000 | USD | |
CY2017Q3 | us-gaap |
Interest Expense
InterestExpense
|
654000 | USD |
us-gaap |
Interest Expense
InterestExpense
|
1955000 | USD | |
CY2016Q3 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
91000 | USD |
us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
286000 | USD | |
CY2017Q3 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
402000 | USD |
us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
784000 | USD | |
CY2016Q4 | us-gaap |
Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
|
4300000 | USD |
CY2017Q3 | us-gaap |
Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
|
4300000 | USD |
CY2016Q4 | us-gaap |
Liabilities
Liabilities
|
69867000 | USD |
CY2017Q3 | us-gaap |
Liabilities
Liabilities
|
74908000 | USD |
CY2016Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
294448000 | USD |
CY2017Q3 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
386041000 | USD |
CY2016Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
35361000 | USD |
CY2017Q3 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
38955000 | USD |
CY2016Q4 | us-gaap |
Line Of Credit
LineOfCredit
|
0 | USD |
CY2017Q3 | us-gaap |
Line Of Credit
LineOfCredit
|
0 | USD |
CY2016Q4 | us-gaap |
Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
|
30700000.0 | USD |
CY2017Q3 | us-gaap |
Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
|
30700000.0 | USD |
us-gaap |
Net Cash Provided By Used In Continuing Operations
NetCashProvidedByUsedInContinuingOperations
|
-9398000 | USD | |
us-gaap |
Net Cash Provided By Used In Continuing Operations
NetCashProvidedByUsedInContinuingOperations
|
88681000 | USD | |
us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
6076000 | USD | |
us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
86962000 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-12872000 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-15194000 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
-2602000 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
16913000 | USD | |
CY2016Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-7436000 | USD |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-33758000 | USD | |
CY2017Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-9519000 | USD |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-24374000 | USD | |
us-gaap |
Number Of Operating Segments
NumberOfOperatingSegments
|
1 | ||
CY2016Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-6691000 | USD |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-31662000 | USD | |
CY2017Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-9146000 | USD |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-22760000 | USD | |
CY2016Q4 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
2278000 | USD |
CY2017Q3 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
2821000 | USD |
CY2016Q4 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
1553000 | USD |
CY2017Q3 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
1589000 | USD |
CY2016Q3 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
-7436000 | USD |
us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
-33758000 | USD | |
us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
751000 | USD | |
us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
2304000 | USD | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
12872000 | USD | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
15194000 | USD | |
CY2016Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.0001 | |
CY2017Q3 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.0001 | |
CY2016Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
20000000 | shares |
CY2017Q3 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
20000000 | shares |
CY2016Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2017Q3 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2016Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
CY2017Q3 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
CY2016Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
0 | USD |
CY2017Q3 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
0 | USD |
CY2016Q4 | us-gaap |
Prepaid Expense Current
PrepaidExpenseCurrent
|
6044000 | USD |
CY2017Q3 | us-gaap |
Prepaid Expense Current
PrepaidExpenseCurrent
|
7114000 | USD |
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
0 | USD | |
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
17398000 | USD | |
us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
5406000 | USD | |
us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
71868000 | USD | |
CY2016Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
115047000 | USD |
CY2017Q3 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
130405000 | USD |
CY2016Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
66941000 | USD |
CY2017Q3 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
68380000 | USD |
CY2016Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-318235000 | USD |
CY2017Q3 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-342609000 | USD |
CY2016Q3 | us-gaap |
Sales Revenue Net
SalesRevenueNet
|
75139000 | USD |
us-gaap |
Sales Revenue Net
SalesRevenueNet
|
203426000 | USD | |
CY2017Q3 | us-gaap |
Sales Revenue Net
SalesRevenueNet
|
82440000 | USD |
us-gaap |
Sales Revenue Net
SalesRevenueNet
|
240016000 | USD | |
CY2016Q3 | us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
42557000 | USD |
us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
112797000 | USD | |
CY2017Q3 | us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
48383000 | USD |
us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
137498000 | USD | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
18033000 | USD | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
22661000 | USD | |
CY2016Q3 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
|
6533000 | USD |
us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
|
18793000 | USD | |
CY2017Q3 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
|
10351000 | USD |
us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
|
23654000 | USD | |
us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
17398000 | USD | |
us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
69874000 | USD | |
CY2016Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
224581000 | USD |
CY2017Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
311133000 | USD |
CY2016Q3 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
84822000 | shares |
us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
84075000 | shares | |
CY2017Q3 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
98665000 | shares |
us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
93108000 | shares | |
us-gaap |
Nature Of Operations
NatureOfOperations
|
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Organization and Nature of Business</font></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">TrueCar, Inc. (“TrueCar”) is an Internet-based information, technology, and communication services company. Hereinafter, TrueCar, Inc. and its wholly owned subsidiaries TrueCar.com, Inc. and ALG, Inc. are collectively referred to as “TrueCar” or the “Company”; TrueCar.com, Inc. is referred to as “TrueCar.com” and ALG, Inc. is referred to as “ALG”. TrueCar was incorporated in the state of Delaware in February 2005 and began business operations in April 2005. Its principal corporate offices are located in Santa Monica, California.</font></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">TrueCar is a digital automotive marketplace that (i) provides pricing transparency about what other people paid for their cars and enables consumers to engage with TrueCar Certified Dealers who are committed to providing a superior purchase experience; (ii) empowers Certified Dealers to attract these informed, in-market consumers in a cost-effective, accountable manner; and (iii) allows automobile manufacturers (“OEMs”) to more effectively target their incentive spending at deep-in-market consumers during their purchase process. TrueCar has established a diverse software ecosystem on a common technology infrastructure, powered by proprietary data and analytics. Consumers access TrueCar’s platform through the TrueCar.com website and TrueCar mobile applications or through the car-buying websites and mobile applications that TrueCar operates for its affinity group marketing partners (“Auto Buying Programs”). An affinity group is comprised of a network of members or employees that provides discounts to its members.</font></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">ALG provides forecasts, consulting, and other services regarding determination of the residual value of an automobile at future given points in time, which are used to underwrite automotive loans and leases and by financial institutions to measure exposure and risk across loan, lease, and fleet portfolios. ALG also obtains automobile purchase data from a variety of sources and uses this data to provide consumers and dealers with highly accurate, geographically specific, real-time pricing information.</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-bottom:8px;padding-top:8px;text-indent:48px;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;padding-top:8px;text-indent:36px;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 leases, 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’s determination of the valuation of its capitalized facility leases, 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’s initial public offering, valuation of common stock.</font></div></div> |