2013 Q4 Form 10-K Financial Statement

#000114420415009981 Filed on February 17, 2015

View on sec.gov

Income Statement

Concept 2013 Q4 2012 Q4 2012 Q3
Revenue $111.6M $105.9M $109.9M
YoY Change 5.39% 8.0% 5.57%
Cost Of Revenue $37.40M $39.40M $32.45M
YoY Change -5.08% 20.12% -0.14%
Gross Profit $74.20M $66.50M $77.44M
YoY Change 11.58% 1.99% 8.16%
Gross Profit Margin 66.49% 62.8% 70.47%
Selling, General & Admin $47.00M $42.00M $36.61M
YoY Change 11.9% 3.7% -22.1%
% of Gross Profit 63.34% 63.16% 47.28%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $27.60M $30.90M $22.60M
YoY Change -10.68% 39.19% -0.44%
% of Gross Profit 37.2% 46.47% 29.18%
Operating Expenses $56.30M $51.60M $88.40M
YoY Change 9.11% -0.39% 51.1%
Operating Profit $17.39M $14.60M $21.50M
YoY Change 19.09% -265.13% 64.11%
Interest Expense -$22.80M -$22.40M $22.09M
YoY Change 1.79% -2.18% -196.46%
% of Operating Profit -131.12% -153.41% 102.75%
Other Income/Expense, Net $200.0K -$100.0K -$681.0K
YoY Change -300.0% -66.67%
Pretax Income -$4.700M -$7.600M -$1.164M
YoY Change -38.16% -76.25% -88.12%
Income Tax $8.900M $7.400M $9.051M
% Of Pretax Income
Net Earnings -$16.44M -$17.23M -$13.06M
YoY Change -4.57% -20.02% 31.96%
Net Earnings / Revenue -14.73% -16.27% -11.89%
Basic Earnings Per Share -$0.35 -$0.34 -$0.26
Diluted Earnings Per Share -$0.35 -$0.34 -$0.26
COMMON SHARES
Basic Shares Outstanding 50.04M shares 50.02M shares
Diluted Shares Outstanding 50.04M shares 50.02M shares

Balance Sheet

Concept 2013 Q4 2012 Q4 2012 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $59.00M $58.90M $48.80M
YoY Change 0.17% 60.49% 43.11%
Cash & Equivalents $56.68M $57.26M $48.66M
Short-Term Investments $2.300M $1.600M $200.0K
Other Short-Term Assets $3.108M $2.034M $37.20M
YoY Change 52.8% 36.79% -3.88%
Inventory
Prepaid Expenses $5.467M $5.059M
Receivables $98.32M $81.98M $89.30M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $192.5M $175.7M $175.3M
YoY Change 9.55% 12.31% 10.25%
LONG-TERM ASSETS
Property, Plant & Equipment $34.35M $35.28M $35.20M
YoY Change -2.63% 3.81% 7.65%
Goodwill $272.0M $272.0M
YoY Change 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $4.325M $3.269M $7.600M
YoY Change 32.3% -1.68% -57.78%
Total Long-Term Assets $1.222B $1.284B $1.304B
YoY Change -4.88% -3.42% -4.29%
TOTAL ASSETS
Total Short-Term Assets $192.5M $175.7M $175.3M
Total Long-Term Assets $1.222B $1.284B $1.304B
Total Assets $1.414B $1.460B $1.479B
YoY Change -3.14% -1.77% -2.77%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $7.293M $5.431M $10.20M
YoY Change 34.28% -3.47% 39.73%
Accrued Expenses $19.80M $17.00M $17.30M
YoY Change 16.47% -3.95% -1.14%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $3.840M $4.587M $4.600M
YoY Change -16.29% 18.83% -6.12%
Total Short-Term Liabilities $62.65M $60.98M $68.10M
YoY Change 2.75% -2.06% 4.45%
LONG-TERM LIABILITIES
Long-Term Debt $811.8M $814.1M $814.7M
YoY Change -0.29% 1.13% 1.99%
Other Long-Term Liabilities $20.29M $18.33M $32.20M
YoY Change 10.71% -1.05% -11.05%
Total Long-Term Liabilities $832.1M $832.5M $846.9M
YoY Change -0.04% 1.08% 1.43%
TOTAL LIABILITIES
Total Short-Term Liabilities $62.65M $60.98M $68.10M
Total Long-Term Liabilities $832.1M $832.5M $846.9M
Total Liabilities $1.117B $1.093B $1.324B
YoY Change 2.25% 3.53% 1.48%
SHAREHOLDERS EQUITY
Retained Earnings -$925.0M -$863.0M
YoY Change 7.18% 8.4%
Common Stock $50.00K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $77.95M $143.8M $154.6M
YoY Change
Total Liabilities & Shareholders Equity $1.414B $1.460B $1.479B
YoY Change -3.14% -1.77% -2.77%

Cashflow Statement

Concept 2013 Q4 2012 Q4 2012 Q3
OPERATING ACTIVITIES
Net Income -$16.44M -$17.23M -$13.06M
YoY Change -4.57% -20.02% 31.96%
Depreciation, Depletion And Amortization $27.60M $30.90M $22.60M
YoY Change -10.68% 39.19% -0.44%
Cash From Operating Activities $14.50M $16.20M $11.00M
YoY Change -10.49% 6.58% -33.73%
INVESTING ACTIVITIES
Capital Expenditures -$2.000M -$3.000M -$2.800M
YoY Change -33.33% -25.0% 55.56%
Acquisitions
YoY Change
Other Investing Activities $500.0K -$1.300M $700.0K
YoY Change -138.46%
Cash From Investing Activities -$1.500M -$4.100M -$2.200M
YoY Change -63.41% 2.5% 22.22%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -4.600M -3.500M -2.900M
YoY Change 31.43% -58.82% -74.78%
NET CHANGE
Cash From Operating Activities 14.50M 16.20M 11.00M
Cash From Investing Activities -1.500M -4.100M -2.200M
Cash From Financing Activities -4.600M -3.500M -2.900M
Net Change In Cash 8.400M 8.600M 5.900M
YoY Change -2.33% 218.52% 78.79%
FREE CASH FLOW
Cash From Operating Activities $14.50M $16.20M $11.00M
Capital Expenditures -$2.000M -$3.000M -$2.800M
Free Cash Flow $16.50M $19.20M $13.80M
YoY Change -14.06% 0.0% -25.0%

Facts In Submission

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0 USD
CY2012 us-gaap Payments To Acquire Equity Method Investments
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2000000 USD
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0 USD
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0 USD
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54000 USD
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4685000 USD
CY2013 us-gaap Payments Of Financing Costs
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0 USD
CY2012 us-gaap Payments Of Financing Costs
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2557000 USD
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CY2013 us-gaap Disposal Group Including Discontinued Operation Revenue
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0 USD
CY2012 us-gaap Disposal Group Including Discontinued Operation Revenue
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260000 USD
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CY2012 us-gaap Disposal Group Including Discontinued Operation Operating Expense
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0 USD
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885000 USD
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0 USD
CY2014 us-gaap Discontinued Operation Income Loss From Discontinued Operation Before Income Tax
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CY2013 us-gaap Discontinued Operation Income Loss From Discontinued Operation Before Income Tax
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885000 USD
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CY2013Q1 us-gaap Asset Impairment Charges
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9800000 USD
CY2013Q3 us-gaap Asset Impairment Charges
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3700000 USD
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313000 USD
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81000 USD
CY2014Q4 us-gaap Contractual Obligation
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1452000 USD
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8767000 USD
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4467000 USD
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CY2014Q4 us-gaap Contractual Obligation Due In Second Year
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23810000 USD
CY2014Q4 us-gaap Contractual Obligation Due In Third Year
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CY2009 roia Percentage Of Provisional Discount On Music Licensing Fee
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0.070 pure
CY2010 roia Percentage Of Provisional Discount On Music Licensing Fee
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0.110 pure
CY2014 roia Rent Expenses Continuing Operations
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10900000 USD
CY2013 roia Rent Expenses Continuing Operations
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10300000 USD
CY2012 roia Rent Expenses Continuing Operations
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10600000 USD
CY2014 roia Federal Communications Commission Maximum Term Licenses
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P8Y
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
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0 pure
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CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
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0.0194 pure
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
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0 pure
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
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0.0062 pure
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
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0.00 pure
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
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0.00 pure
CY2014 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
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P6Y
CY2013 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
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P0Y
CY2012 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
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P6Y
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1.211 pure
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
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0 pure
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
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1.275 pure
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600000 USD
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145000 USD
CY2012 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
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407000 USD
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206000 USD
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214000 USD
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149000 USD
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799000 USD
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5632000 USD
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5364000 USD
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2369000 USD
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1453000 USD
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1012000 USD
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35951000 USD
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16229000 USD
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0 USD
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10862000 USD
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168899000 USD
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68330000 USD
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4906000 USD
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128432000 USD
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6224000 USD
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1315000 USD
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1417000 USD
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2200000 USD
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3289000 USD
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3617000 USD
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4683000 USD
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477000 USD
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1200000 USD
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890000 USD
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5071000 USD
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0 USD
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0 USD
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0 USD
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5224000 USD
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36957000 USD
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27034000 USD
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2610000 USD
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30000 USD
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358400000 USD
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322500000 USD
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279600000 USD
CY2014 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.35 pure
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153264000 USD
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147301000 USD
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122287000 USD
CY2013Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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112948000 USD
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3318000 USD
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4724000 USD
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-0.23
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CY2013 roia Income Tax Reconciliation Nondeductible Net Operating Losses Adjustments
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CY2012 roia Income Tax Reconciliation Nondeductible Net Operating Losses Adjustments
IncomeTaxReconciliationNondeductibleNetOperatingLossesAdjustments
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IncomeTaxReconciliationNondeductibleExpenseExpiringNetOperatingLossesAndCharitableCarryovers
156000 USD
CY2013 roia Income Tax Reconciliation Nondeductible Expense Expiring Net Operating Losses And Charitable Carryovers
IncomeTaxReconciliationNondeductibleExpenseExpiringNetOperatingLossesAndCharitableCarryovers
64000 USD
CY2012 roia Income Tax Reconciliation Nondeductible Expense Expiring Net Operating Losses And Charitable Carryovers
IncomeTaxReconciliationNondeductibleExpenseExpiringNetOperatingLossesAndCharitableCarryovers
137000 USD
CY2014 roia Incometax Reconciliation Nondeductible Expense Forfeiture Of Stock Based Compensation
IncometaxReconciliationNondeductibleExpenseForfeitureOfStockBasedCompensation
61000 USD
CY2013 roia Incometax Reconciliation Nondeductible Expense Forfeiture Of Stock Based Compensation
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512000 USD
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CY2013Q4 us-gaap Finite Lived Intangible Assets Gross
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FiniteLivedIntangibleAssetsAccumulatedAmortization
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CY2014 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
27100000 USD
CY2013 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
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CY2012 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
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CY2014Q4 us-gaap Deferred Finance Costs Net
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4600000 USD
CY2013Q4 us-gaap Deferred Finance Costs Net
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ProceedsFromSaleOfPropertyHeldForSale
225000 USD
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0 USD
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PaymentsToAcquireBusinessesGross
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PaymentsToAcquireBusinessesGross
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CY2012 us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
0 USD
CY2014 us-gaap Income Tax Examination Penalties And Interest Expense
IncomeTaxExaminationPenaltiesAndInterestExpense
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CY2014Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
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3400000 USD
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IncometaxReconciliationNondeductibleExpenseForfeitureOfStockBasedCompensation
163000 USD
CY2014 us-gaap Income Tax Reconciliation Tax Contingencies
IncomeTaxReconciliationTaxContingencies
153000 USD
CY2013 us-gaap Income Tax Reconciliation Tax Contingencies
IncomeTaxReconciliationTaxContingencies
0 USD
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41000 USD
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CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
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2.40
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CY2014 roia Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value1
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue1
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CY2012Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
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CY2013Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
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CY2012Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-0.26
CY2012Q4 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-0.34
CY2013Q1 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-0.38
CY2013Q2 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
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IncomeLossFromContinuingOperationsPerBasicShare
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IncomeLossFromContinuingOperationsPerBasicShare
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CY2013Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
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CY2013Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
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CY2013Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0
CY2013Q4 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
-0.00
CY2013Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.36
CY2013Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.29
CY2013Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.28
CY2013Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.35
CY2013Q1 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-0.38
CY2013Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
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CY2013Q4 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
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CY2013Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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CY2013Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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CY2013Q1 us-gaap Earnings Per Share Diluted
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CY2013Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
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CY2012Q1 us-gaap Income Loss From Continuing Operations Per Basic Share
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CY2012Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
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CY2012Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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CY2012Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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CY2012Q4 us-gaap Earnings Per Share Diluted
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CY2012Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2012Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
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50006008 shares
CY2012Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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50019048 shares
CY2012Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
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50042751 shares
CY2012Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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49994974 shares
CY2012Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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50124418 shares
CY2012Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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50019048 shares
CY2012Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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50042751 shares
CY2012 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
0 USD
CY2014 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
200000 USD
CY2013 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
0 USD

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