2019 Q3 Form 10-Q Financial Statement

#000126165419000033 Filed on August 09, 2019

View on sec.gov

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%

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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
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-10564000 USD
us-gaap Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
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-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
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2424000 USD
CY2018Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-474000 USD
us-gaap Interest Income Expense Net
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-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
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2490000 USD
CY2018Q3 us-gaap Liabilities
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155633000 USD
CY2019Q2 us-gaap Liabilities
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133364000 USD
us-gaap Operating Income Loss
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-24224000 USD
CY2019Q2 us-gaap Operating Income Loss
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-455000 USD
us-gaap Operating Income Loss
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-13240000 USD
CY2018Q3 us-gaap Other Assets Current
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8027000 USD
CY2019Q2 us-gaap Other Assets Current
OtherAssetsCurrent
7402000 USD
CY2018Q3 us-gaap Other Assets Noncurrent
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11219000 USD
CY2019Q2 us-gaap Other Assets Noncurrent
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9978000 USD
CY2018Q3 us-gaap Liabilities And Stockholders Equity
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282278000 USD
CY2019Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
244091000 USD
CY2018Q3 us-gaap Liabilities Current
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92462000 USD
CY2019Q2 us-gaap Liabilities Current
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73986000 USD
us-gaap Net Cash Provided By Used In Financing Activities
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-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
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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
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-7124000 USD
CY2017Q4 us-gaap Net Income Loss
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-1135000 USD
CY2018Q1 us-gaap Net Income Loss
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-8833000 USD
CY2018Q2 us-gaap Net Income Loss
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-11713000 USD
us-gaap Net Income Loss
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-21681000 USD
CY2018Q4 us-gaap Net Income Loss
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-7717000 USD
CY2019Q1 us-gaap Net Income Loss
NetIncomeLoss
-5263000 USD
CY2019Q2 us-gaap Net Income Loss
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-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
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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
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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 &#8220;Government Regulation and Financial Aid&#8221; included in our 2018 Annual Report on Form 10-K filed with the SEC on November 30, 2018.</font></div></div>

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