2019 Q3 Form 10-Q Financial Statement
#000126165419000033 Filed on August 09, 2019
Income Statement
Concept | 2019 Q3 | 2019 Q2 | 2018 Q2 |
---|---|---|---|
Revenue | $87.67M | $79.04M | $74.89M |
YoY Change | 9.23% | 5.54% | -1.79% |
Cost Of Revenue | $21.20M | $19.90M | $21.20M |
YoY Change | -10.17% | -6.13% | 6.0% |
Gross Profit | $66.50M | $59.10M | $53.70M |
YoY Change | 17.28% | 10.06% | -4.62% |
Gross Profit Margin | 75.86% | 74.77% | 71.71% |
Selling, General & Admin | $60.70M | $36.66M | $41.95M |
YoY Change | -9.81% | -12.61% | 20.13% |
% of Gross Profit | 91.28% | 62.03% | 78.12% |
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $3.270M | $3.340M | $3.180M |
YoY Change | 4.81% | 5.03% | -10.67% |
% of Gross Profit | 4.92% | 5.65% | 5.92% |
Operating Expenses | $61.00M | $79.50M | $86.69M |
YoY Change | -9.9% | -8.3% | 9.68% |
Operating Profit | $5.438M | -$455.0K | -$11.80M |
YoY Change | -149.21% | -96.14% | 323.85% |
Interest Expense | -$400.0K | $802.0K | -$400.0K |
YoY Change | 0.0% | -300.5% | 0.0% |
% of Operating Profit | -7.36% | ||
Other Income/Expense, Net | $300.0K | $121.0K | -$71.00K |
YoY Change | -25.0% | -270.42% | -57.23% |
Pretax Income | $5.400M | -$334.0K | -$11.87M |
YoY Change | -149.09% | -97.19% | 302.41% |
Income Tax | -$100.0K | $31.00K | -$158.0K |
% Of Pretax Income | -1.85% | ||
Net Earnings | $5.477M | -$365.0K | -$11.71M |
YoY Change | -149.79% | -96.88% | 199.03% |
Net Earnings / Revenue | 6.25% | -0.46% | -15.64% |
Basic Earnings Per Share | $0.09 | -$0.07 | -$0.52 |
Diluted Earnings Per Share | $0.09 | -$0.07 | -$0.52 |
COMMON SHARES | |||
Basic Shares Outstanding | 25.50M shares | 25.50M shares | 25.19M shares |
Diluted Shares Outstanding | 25.50M shares | 25.19M shares |
Balance Sheet
Concept | 2019 Q3 | 2019 Q2 | 2018 Q2 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $65.40M | $42.70M | $56.20M |
YoY Change | 12.56% | -24.02% | -33.33% |
Cash & Equivalents | $65.44M | $42.69M | $55.97M |
Short-Term Investments | $200.0K | ||
Other Short-Term Assets | $7.331M | $7.402M | $32.20M |
YoY Change | -8.67% | -77.01% | -3.01% |
Inventory | |||
Prepaid Expenses | $7.054M | $8.997M | |
Receivables | $17.94M | $12.03M | $14.83M |
Other Receivables | $7.078M | $5.200M | $5.200M |
Total Short-Term Assets | $118.1M | $89.80M | $108.5M |
YoY Change | 1.12% | -17.23% | -14.95% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $104.1M | $106.5M | $113.7M |
YoY Change | -9.34% | -6.37% | 4.87% |
Goodwill | $8.200M | $8.222M | $8.222M |
YoY Change | -0.27% | 0.0% | -8.7% |
Intangibles | |||
YoY Change | |||
Long-Term Investments | $4.338M | $4.304M | $4.172M |
YoY Change | 3.14% | 3.16% | 3.34% |
Other Assets | $10.22M | $9.978M | $11.11M |
YoY Change | -8.89% | -10.18% | -3.33% |
Total Long-Term Assets | $152.4M | $154.3M | $165.5M |
YoY Change | -7.89% | -6.77% | 28.09% |
TOTAL ASSETS | |||
Total Short-Term Assets | $118.1M | $89.80M | $108.5M |
Total Long-Term Assets | $152.4M | $154.3M | $165.5M |
Total Assets | $270.5M | $244.1M | $274.0M |
YoY Change | -4.16% | -10.91% | 6.71% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $10.03M | $6.982M | $8.197M |
YoY Change | 14.55% | -14.82% | 15.39% |
Accrued Expenses | $13.62M | $11.72M | $11.57M |
YoY Change | -14.03% | 1.3% | 12.16% |
Deferred Revenue | $42.89M | ||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | $1.600M | $1.500M | $1.300M |
YoY Change | 23.08% | 15.38% | 18.18% |
Total Short-Term Liabilities | $96.84M | $73.99M | $73.26M |
YoY Change | 4.74% | 0.99% | 10.0% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $39.20M | $39.60M | $41.10M |
YoY Change | -3.69% | -3.65% | -2.84% |
Other Long-Term Liabilities | $9.578M | $9.555M | $9.815M |
YoY Change | -5.39% | -2.65% | -2.06% |
Total Long-Term Liabilities | $9.578M | $9.555M | $9.815M |
YoY Change | -5.39% | -2.65% | -2.06% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $96.84M | $73.99M | $73.26M |
Total Long-Term Liabilities | $9.578M | $9.555M | $9.815M |
Total Liabilities | $156.2M | $133.4M | $135.4M |
YoY Change | 0.39% | -1.49% | 4.58% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$44.67M | -$48.83M | -$19.23M |
YoY Change | 41.57% | 153.9% | -33.11% |
Common Stock | $187.5M | $188.1M | $186.4M |
YoY Change | 0.41% | 0.92% | 0.96% |
Preferred Stock | $68.85M | $68.85M | $68.85M |
YoY Change | 0.0% | 0.0% | 0.0% |
Treasury Stock (at cost) | $97.39M | $97.39M | $97.39M |
YoY Change | 0.0% | 0.0% | 0.0% |
Treasury Stock Shares | 6.865M shares | 6.865M shares | 6.865M shares |
Shareholders Equity | $114.3M | $110.7M | $138.6M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $270.5M | $244.1M | $274.0M |
YoY Change | -4.16% | -10.91% | 6.71% |
Cashflow Statement
Concept | 2019 Q3 | 2019 Q2 | 2018 Q2 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | $5.477M | -$365.0K | -$11.71M |
YoY Change | -149.79% | -96.88% | 199.03% |
Depreciation, Depletion And Amortization | $3.270M | $3.340M | $3.180M |
YoY Change | 4.81% | 5.03% | -10.67% |
Cash From Operating Activities | $28.87M | -$9.930M | -$16.39M |
YoY Change | 216.9% | -39.41% | 34.23% |
INVESTING ACTIVITIES | |||
Capital Expenditures | -$1.150M | -$520.0K | -$9.800M |
YoY Change | -67.33% | -94.69% | 239.1% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $90.00K | $70.00K | $520.0K |
YoY Change | -71.88% | -86.54% | -101.35% |
Cash From Investing Activities | -$1.060M | -$450.0K | -$9.270M |
YoY Change | -66.87% | -95.15% | -77.65% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | -3.480M | -340.0K | -280.0K |
YoY Change | 11.18% | 21.43% | 21.74% |
NET CHANGE | |||
Cash From Operating Activities | 28.87M | -9.930M | -16.39M |
Cash From Investing Activities | -1.060M | -450.0K | -9.270M |
Cash From Financing Activities | -3.480M | -340.0K | -280.0K |
Net Change In Cash | 24.33M | -10.72M | -25.94M |
YoY Change | 775.18% | -58.67% | -51.88% |
FREE CASH FLOW | |||
Cash From Operating Activities | $28.87M | -$9.930M | -$16.39M |
Capital Expenditures | -$1.150M | -$520.0K | -$9.800M |
Free Cash Flow | $30.02M | -$9.410M | -$6.590M |
YoY Change | 137.69% | 42.79% | -29.29% |
Facts In Submission
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189000 | USD |
CY2019Q2 | us-gaap |
Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Deferred Rent
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsDeferredRent
|
0 | USD |
CY2018Q3 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
23112000 | USD |
CY2019Q2 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
26921000 | USD |
CY2018Q3 | us-gaap |
Deferred Tax Liabilities
DeferredTaxLiabilities
|
329000 | USD |
CY2018Q3 | us-gaap |
Equity Method Investments
EquityMethodInvestments
|
4206000 | USD |
CY2019Q2 | us-gaap |
Equity Method Investments
EquityMethodInvestments
|
4304000 | USD |
us-gaap |
Gain Loss On Sale Of Other Assets
GainLossOnSaleOfOtherAssets
|
-71000 | USD | |
CY2019Q2 | us-gaap |
Deferred Tax Liabilities
DeferredTaxLiabilities
|
329000 | USD |
CY2018Q3 | us-gaap |
Deferred Tax Liabilities Goodwill And Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssets
|
2056000 | USD |
CY2019Q2 | us-gaap |
Deferred Tax Liabilities Goodwill And Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssets
|
2056000 | USD |
CY2018Q3 | us-gaap |
Deferred Tax Liabilities Prepaid Expenses
DeferredTaxLiabilitiesPrepaidExpenses
|
1853000 | USD |
CY2019Q2 | us-gaap |
Deferred Tax Liabilities Prepaid Expenses
DeferredTaxLiabilitiesPrepaidExpenses
|
2552000 | USD |
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
9891000 | USD | |
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
9945000 | USD | |
CY2018Q2 | us-gaap |
Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
|
1309000 | USD |
CY2018Q3 | us-gaap |
Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
|
0 | USD |
CY2019Q2 | us-gaap |
Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
|
1300000 | USD |
CY2019Q2 | us-gaap |
Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
|
1309000 | USD |
CY2017Q4 | us-gaap |
Dividends Preferred Stock Cash
DividendsPreferredStockCash
|
1323000 | USD |
CY2018Q1 | us-gaap |
Dividends Preferred Stock Cash
DividendsPreferredStockCash
|
1295000 | USD |
CY2018Q2 | us-gaap |
Dividends Preferred Stock Cash
DividendsPreferredStockCash
|
1309000 | USD |
CY2018Q4 | us-gaap |
Dividends Preferred Stock Cash
DividendsPreferredStockCash
|
1323000 | USD |
CY2019Q1 | us-gaap |
Dividends Preferred Stock Cash
DividendsPreferredStockCash
|
1295000 | USD |
CY2019Q2 | us-gaap |
Dividends Preferred Stock Cash
DividendsPreferredStockCash
|
1309000 | USD |
CY2018Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.52 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-1.02 | ||
CY2019Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.07 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.68 | ||
CY2018Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.52 | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-1.02 | ||
CY2019Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.07 | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.68 | ||
CY2018Q2 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.245 | |
us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.245 | ||
CY2019Q2 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.21 | |
us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.21 | ||
CY2018Q3 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
22022000 | USD |
CY2019Q2 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
18646000 | USD |
CY2012Q3 | us-gaap |
Equity Method Investment Ownership Percentage
EquityMethodInvestmentOwnershipPercentage
|
0.28 | |
CY2012Q3 | us-gaap |
Equity Method Investments
EquityMethodInvestments
|
4000000 | USD |
CY2017Q3 | us-gaap |
Equity Method Investments
EquityMethodInvestments
|
4112000 | USD |
CY2018Q2 | us-gaap |
Equity Method Investments
EquityMethodInvestments
|
4172000 | USD |
us-gaap |
Gain Loss On Sale Of Other Assets
GainLossOnSaleOfOtherAssets
|
-143000 | USD | |
CY2018Q3 | us-gaap |
Goodwill
Goodwill
|
8222000 | USD |
CY2019Q2 | us-gaap |
Goodwill
Goodwill
|
8222000 | USD |
us-gaap |
Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
|
1164000 | USD | |
us-gaap |
Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
|
0 | USD | |
CY2018Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
-11871000 | USD |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
-24705000 | USD | |
CY2019Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
-334000 | USD |
CY2019Q2 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
100000 | USD |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
-13092000 | USD | |
CY2018Q2 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
96000 | USD |
us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
289000 | USD | |
us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
298000 | USD | |
CY2018Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-158000 | USD |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-3024000 | USD | |
CY2019Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
31000 | USD |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
253000 | USD | |
CY2018Q2 | us-gaap |
Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
2750000 | USD |
us-gaap |
Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
3119000 | USD | |
CY2019Q2 | us-gaap |
Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
14000 | USD |
us-gaap |
Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
2630000 | USD | |
CY2018Q2 | us-gaap |
Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
|
416000 | USD |
us-gaap |
Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
|
865000 | USD | |
CY2019Q2 | us-gaap |
Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
|
0 | USD |
us-gaap |
Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
|
0 | USD | |
CY2018Q2 | us-gaap |
Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
|
-2909000 | USD |
us-gaap |
Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
|
-6053000 | USD | |
CY2019Q2 | us-gaap |
Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
|
-69000 | USD |
us-gaap |
Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
|
-2749000 | USD | |
CY2018Q2 | us-gaap |
Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
|
-12000 | USD |
us-gaap |
Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
|
55000 | USD | |
CY2019Q2 | us-gaap |
Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
|
62000 | USD |
us-gaap |
Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
|
168000 | USD | |
CY2018Q2 | us-gaap |
Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
|
-403000 | USD |
us-gaap |
Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
|
-1010000 | USD | |
CY2019Q2 | us-gaap |
Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
|
24000 | USD |
us-gaap |
Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
|
204000 | USD | |
us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
1278000 | USD | |
us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
56000 | USD | |
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
556000 | USD | |
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-3793000 | USD | |
us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
-15491000 | USD | |
us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
-10564000 | USD | |
us-gaap |
Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable
|
-1490000 | USD | |
us-gaap |
Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable
|
198000 | USD | |
us-gaap |
Increase Decrease In Notes Receivables
IncreaseDecreaseInNotesReceivables
|
421000 | USD | |
us-gaap |
Increase Decrease In Notes Receivables
IncreaseDecreaseInNotesReceivables
|
-1630000 | USD | |
us-gaap |
Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
|
31000 | USD | |
us-gaap |
Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
|
-1270000 | USD | |
us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
148000 | USD | |
us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
139000 | USD | |
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
1342000 | USD | |
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-571000 | USD | |
us-gaap |
Increase Decrease In Receivables
IncreaseDecreaseInReceivables
|
-173000 | USD | |
us-gaap |
Increase Decrease In Receivables
IncreaseDecreaseInReceivables
|
-3795000 | USD | |
CY2018Q2 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
0 | shares |
us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
0 | shares | |
CY2019Q2 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
0 | shares |
us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
0 | shares | |
us-gaap |
Interest Paid Net
InterestPaidNet
|
2424000 | USD | |
CY2018Q2 | us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
-474000 | USD |
us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
-1405000 | USD | |
CY2019Q2 | us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
-444000 | USD |
us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
-1271000 | USD | |
us-gaap |
Interest Paid Net
InterestPaidNet
|
2490000 | USD | |
CY2018Q3 | us-gaap |
Liabilities
Liabilities
|
155633000 | USD |
CY2019Q2 | us-gaap |
Liabilities
Liabilities
|
133364000 | USD |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-24224000 | USD | |
CY2019Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-455000 | USD |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-13240000 | USD | |
CY2018Q3 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
8027000 | USD |
CY2019Q2 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
7402000 | USD |
CY2018Q3 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
11219000 | USD |
CY2019Q2 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
9978000 | USD |
CY2018Q3 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
282278000 | USD |
CY2019Q2 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
244091000 | USD |
CY2018Q3 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
92462000 | USD |
CY2019Q2 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
73986000 | USD |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-3447000 | USD | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-3719000 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
30330000 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-5093000 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-22456000 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-7124000 | USD | |
CY2017Q4 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-1135000 | USD |
CY2018Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-8833000 | USD |
CY2018Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-11713000 | USD |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-21681000 | USD | |
CY2018Q4 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-7717000 | USD |
CY2019Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-5263000 | USD |
CY2019Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-365000 | USD |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-13345000 | USD | |
CY2018Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-13022000 | USD |
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-25608000 | USD | |
CY2019Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-1674000 | USD |
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-17272000 | USD | |
CY2018Q2 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-71000 | USD |
us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-481000 | USD | |
CY2019Q2 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
121000 | USD |
us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
148000 | USD | |
CY2018Q3 | us-gaap |
Notes And Loans Receivable Net Current
NotesAndLoansReceivableNetCurrent
|
5183000 | USD |
CY2019Q2 | us-gaap |
Notes And Loans Receivable Net Current
NotesAndLoansReceivableNetCurrent
|
5150000 | USD |
CY2018Q3 | us-gaap |
Notes And Loans Receivable Net Noncurrent
NotesAndLoansReceivableNetNoncurrent
|
31194000 | USD |
CY2019Q2 | us-gaap |
Notes And Loans Receivable Net Noncurrent
NotesAndLoansReceivableNetNoncurrent
|
29597000 | USD |
CY2018Q2 | us-gaap |
Operating Expenses
OperatingExpenses
|
86690000 | USD |
us-gaap |
Operating Expenses
OperatingExpenses
|
260933000 | USD | |
CY2019Q2 | us-gaap |
Operating Expenses
OperatingExpenses
|
79497000 | USD |
us-gaap |
Operating Expenses
OperatingExpenses
|
257078000 | USD | |
CY2018Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-11800000 | USD |
CY2018Q3 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
3893000 | USD |
CY2019Q2 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
3242000 | USD |
CY2018Q3 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
10124000 | USD |
CY2019Q2 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
9555000 | USD |
CY2018Q2 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
307000 | USD |
us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
635000 | USD | |
CY2019Q2 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
465000 | USD |
us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
1121000 | USD | |
us-gaap |
Payments For Postemployment Benefits
PaymentsForPostemploymentBenefits
|
954000 | USD | |
us-gaap |
Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
|
2618000 | USD | |
us-gaap |
Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
|
2600000 | USD | |
us-gaap |
Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
|
2618000 | USD | |
us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
13000 | USD | |
us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
127000 | USD | |
us-gaap |
Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
|
325000 | USD | |
us-gaap |
Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
|
0 | USD | |
us-gaap |
Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
|
894000 | USD | |
us-gaap |
Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
|
0 | USD | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
17088000 | USD | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
5301000 | USD | |
CY2018Q3 | us-gaap |
Postemployment Benefits Liability Current And Noncurrent
PostemploymentBenefitsLiabilityCurrentAndNoncurrent
|
381000 | USD |
CY2019Q2 | us-gaap |
Postemployment Benefits Liability Current And Noncurrent
PostemploymentBenefitsLiabilityCurrentAndNoncurrent
|
1023000 | USD |
CY2019Q2 | us-gaap |
Postemployment Benefits Liability Noncurrent
PostemploymentBenefitsLiabilityNoncurrent
|
900000 | USD |
us-gaap |
Postemployment Benefits Period Expense
PostemploymentBenefitsPeriodExpense
|
1692000 | USD | |
CY2018Q2 | us-gaap |
Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
|
1309000 | USD |
us-gaap |
Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
|
3927000 | USD | |
CY2019Q2 | us-gaap |
Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
|
1309000 | USD |
us-gaap |
Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
|
3927000 | USD | |
CY2018Q3 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
0 | USD |
CY2019Q2 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
0 | USD |
CY2018Q3 | us-gaap |
Prepaid Expense Current
PrepaidExpenseCurrent
|
10320000 | USD |
CY2019Q2 | us-gaap |
Prepaid Expense Current
PrepaidExpenseCurrent
|
8997000 | USD |
us-gaap |
Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
|
229000 | USD | |
us-gaap |
Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
|
200000 | USD | |
us-gaap |
Proceeds From Sale And Maturity Of Held To Maturity Securities
ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities
|
7497000 | USD | |
us-gaap |
Proceeds From Sale And Maturity Of Held To Maturity Securities
ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities
|
0 | USD | |
us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
9000 | USD | |
us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
8000 | USD | |
us-gaap |
Proceeds From Sale Of Trading Securities Heldforinvestment
ProceedsFromSaleOfTradingSecuritiesHeldforinvestment
|
40902000 | USD | |
us-gaap |
Proceeds From Sale Of Trading Securities Heldforinvestment
ProceedsFromSaleOfTradingSecuritiesHeldforinvestment
|
0 | USD | |
CY2018Q3 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
308905000 | USD |
CY2019Q2 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
306062000 | USD |
CY2018Q3 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
114848000 | USD |
CY2019Q2 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
106490000 | USD |
us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
1191000 | USD | |
us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
887000 | USD | |
us-gaap |
Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
|
816000 | USD | |
us-gaap |
Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
|
974000 | USD | |
CY2018Q2 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
13419000 | USD |
CY2018Q3 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
14055000 | USD |
CY2019Q2 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
13534000 | USD |
CY2018Q3 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-31555000 | USD |
CY2019Q2 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-48827000 | USD |
CY2018Q2 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
74890000 | USD |
us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
236709000 | USD | |
CY2019Q2 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
79042000 | USD |
us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
243838000 | USD | |
CY2018Q2 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
41953000 | USD |
us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
126298000 | USD | |
CY2019Q2 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
36661000 | USD |
us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
122685000 | USD | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
1245000 | USD | |
CY2018Q3 | uti |
Deferred Tax Assets Tax Deferred Expense Accruedtoolsets
DeferredTaxAssetsTaxDeferredExpenseAccruedtoolsets
|
638000 | USD |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
1481000 | USD | |
CY2018Q4 | us-gaap |
Stock Issued During Period Value Share Based Compensation Gross
StockIssuedDuringPeriodValueShareBasedCompensationGross
|
0 | USD |
CY2011Q4 | us-gaap |
Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
|
25000000 | USD |
us-gaap |
Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
|
1677570 | shares | |
us-gaap |
Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
|
15300000 | USD | |
CY2017Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
125776000 | USD |
CY2017Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
160883000 | USD |
CY2018Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
151488000 | USD |
CY2018Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
138609000 | USD |
CY2018Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
126645000 | USD |
CY2018Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
118181000 | USD |
CY2019Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
112234000 | USD |
CY2019Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
110727000 | USD |
us-gaap |
Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
|
9.09 | ||
CY2018Q3 | us-gaap |
Treasury Stock Shares
TreasuryStockShares
|
6864897 | shares |
CY2019Q2 | us-gaap |
Treasury Stock Shares
TreasuryStockShares
|
6864897 | shares |
CY2018Q3 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
97388000 | USD |
CY2019Q2 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
97388000 | USD |
CY2018Q3 | us-gaap |
Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
|
23112000 | USD |
CY2019Q2 | us-gaap |
Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
|
26921000 | USD |
us-gaap |
Valuation Allowances And Reserves Deductions
ValuationAllowancesAndReservesDeductions
|
0 | USD | |
us-gaap |
Valuation Allowances And Reserves Period Increase Decrease
ValuationAllowancesAndReservesPeriodIncreaseDecrease
|
3809000 | USD | |
CY2018Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
25186000 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
25084000 | shares | |
CY2019Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
25498000 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
25410000 | shares | |
CY2018Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
25186000 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
25084000 | shares | |
CY2019Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
25498000 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
25410000 | shares | |
CY2018Q3 | uti |
Accrued Tool Sets
AccruedToolSets
|
2397000 | USD |
CY2019Q2 | uti |
Accrued Tool Sets
AccruedToolSets
|
2920000 | USD |
uti |
Change In Accrued Capital Expenditures
ChangeInAccruedCapitalExpenditures
|
-840000 | USD | |
uti |
Change In Accrued Capital Expenditures
ChangeInAccruedCapitalExpenditures
|
1173000 | USD | |
CY2018Q3 | uti |
Deferred Tax Assets Related To State Net Operating Loss And Credit Carryforwards
DeferredTaxAssetsRelatedToStateNetOperatingLossAndCreditCarryforwards
|
5389000 | USD |
CY2019Q2 | uti |
Deferred Tax Assets Tax Deferred Expense Accruedtoolsets
DeferredTaxAssetsTaxDeferredExpenseAccruedtoolsets
|
765000 | USD |
CY2019Q2 | uti |
Deferred Tax Assets Related To State Net Operating Loss And Credit Carryforwards
DeferredTaxAssetsRelatedToStateNetOperatingLossAndCreditCarryforwards
|
13678000 | USD |
CY2018Q3 | uti |
Deferredtaxassetsdeductionslimitedby Section382
DeferredtaxassetsdeductionslimitedbySection382
|
700000 | USD |
CY2019Q2 | uti |
Deferredtaxassetsdeductionslimitedby Section382
DeferredtaxassetsdeductionslimitedbySection382
|
668000 | USD |
CY2018Q2 | uti |
Depreciationontrainingequipmentobtainedinexchangeforservices
Depreciationontrainingequipmentobtainedinexchangeforservices
|
300000 | USD |
uti |
Depreciationontrainingequipmentobtainedinexchangeforservices
Depreciationontrainingequipmentobtainedinexchangeforservices
|
1022000 | USD | |
uti |
Depreciationontrainingequipmentobtainedinexchangeforservices
Depreciationontrainingequipmentobtainedinexchangeforservices
|
1000000 | USD | |
CY2019Q2 | uti |
Depreciationontrainingequipmentobtainedinexchangeforservices
Depreciationontrainingequipmentobtainedinexchangeforservices
|
400000 | USD |
uti |
Depreciationontrainingequipmentobtainedinexchangeforservices
Depreciationontrainingequipmentobtainedinexchangeforservices
|
1100000 | USD | |
uti |
Depreciationontrainingequipmentobtainedinexchangeforservices
Depreciationontrainingequipmentobtainedinexchangeforservices
|
1066000 | USD | |
CY2018Q2 | uti |
Educational Services And Facilities
EducationalServicesAndFacilities
|
44737000 | USD |
uti |
Educational Services And Facilities
EducationalServicesAndFacilities
|
134635000 | USD | |
CY2019Q2 | uti |
Educational Services And Facilities
EducationalServicesAndFacilities
|
42836000 | USD |
uti |
Educational Services And Facilities
EducationalServicesAndFacilities
|
134393000 | USD | |
uti |
Increase Decrease In Accrued Tool Sets And Other Current Liabilities
IncreaseDecreaseInAccruedToolSetsAndOtherCurrentLiabilities
|
-507000 | USD | |
uti |
Increase Decrease In Accrued Tool Sets And Other Current Liabilities
IncreaseDecreaseInAccruedToolSetsAndOtherCurrentLiabilities
|
-441000 | USD | |
uti |
Increase Decrease In Deferred Rent
IncreaseDecreaseInDeferredRent
|
4027000 | USD | |
uti |
Increase Decrease In Deferred Rent
IncreaseDecreaseInDeferredRent
|
-2076000 | USD | |
CY2019Q2 | uti |
Number Of Campuses
NumberOfCampuses
|
13 | Campus |
uti |
Post Employment Benefits Other Non Cash Settlement Increase Decrease
PostEmploymentBenefitsOtherNonCashSettlementIncreaseDecrease
|
-96000 | USD | |
CY2018Q2 | uti |
Total Depreciationand Amortization
TotalDepreciationandAmortization
|
3849000 | USD |
uti |
Total Depreciationand Amortization
TotalDepreciationandAmortization
|
11903000 | USD | |
CY2019Q2 | uti |
Total Depreciationand Amortization
TotalDepreciationandAmortization
|
4002000 | USD |
uti |
Total Depreciationand Amortization
TotalDepreciationandAmortization
|
11957000 | USD | |
uti |
Training Equipment Credits Earned Used
TrainingEquipmentCreditsEarnedUsed
|
116000 | USD | |
uti |
Training Equipment Credits Earned Used
TrainingEquipmentCreditsEarnedUsed
|
440000 | USD | |
uti |
Training Equipment Obtained In Exchange For Services
TrainingEquipmentObtainedInExchangeForServices
|
1724000 | USD | |
uti |
Training Equipment Obtained In Exchange For Services
TrainingEquipmentObtainedInExchangeForServices
|
520000 | USD | |
us-gaap |
Nature Of Operations
NatureOfOperations
|
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Nature of the Business</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We are the leading provider of postsecondary education for students seeking careers as professional automotive, diesel, collision repair, motorcycle and marine technicians as well as welders and computer numerical control (CNC) machining technicians as measured by total average undergraduate full-time enrollment and graduates. We offer certificate, diploma or degree programs at </font><font style="font-family:inherit;font-size:10pt;">13</font><font style="font-family:inherit;font-size:10pt;"> campuses across the United States under the banner of several well-known brands, including Universal Technical Institute, Motorcycle Mechanics Institute and Marine Mechanics Institute and NASCAR Technical Institute. We also offer manufacturer specific advanced training (MSAT) programs, including student-paid electives, at our campuses and manufacturer or dealer sponsored training at certain campuses and dedicated training centers. We have provided technical education for 53 years. </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We work closely with leading original equipment manufacturers (OEMs) and employers to understand their needs for qualified service professionals. Revenues generated from our schools consist primarily of tuition and fees paid by students. To pay for a substantial portion of their tuition, the majority of students rely on funds received from federal financial aid programs under Title IV Programs of the Higher Education Act of 1965 (HEA), as amended, as well as from various veterans benefits programs. For further discussion, see Note 2 "Summary of Significant Accounting Policies - Concentration of Risk" and Note 18 “Government Regulation and Financial Aid” included in our 2018 Annual Report on Form 10-K filed with the SEC on November 30, 2018.</font></div></div> |