2015 Form 10-K Financial Statement

#000160626816000225 Filed on March 24, 2016

View on sec.gov

Income Statement

Concept 2015 2014 Q4 2014
Revenue $358.2M $82.70M $322.9M
YoY Change 10.93% 0.36% 1.82%
Cost Of Revenue $241.2M $66.20M $258.6M
YoY Change -6.73% 30.83% 10.99%
Gross Profit $117.0M $16.50M $64.30M
YoY Change 81.96% -48.11% -23.54%
Gross Profit Margin 32.67% 19.95% 19.91%
Selling, General & Admin $61.70M $17.40M $45.90M
YoY Change 34.42% 100.0% 31.14%
% of Gross Profit 52.74% 105.45% 71.38%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $25.38M $11.90M $22.22M
YoY Change 14.21% 238.07% 37.04%
% of Gross Profit 21.69% 72.12% 34.56%
Operating Expenses $87.00M $29.30M $68.10M
YoY Change 27.75% 140.16% 32.75%
Operating Profit $29.91M -$12.80M -$3.841M
YoY Change -878.57% -165.31% -111.7%
Interest Expense $2.280M -$300.0K $1.578M
YoY Change 44.49% 50.0% -7.93%
% of Operating Profit 7.62%
Other Income/Expense, Net -$1.956M -$1.315M
YoY Change 48.75% -3.38%
Pretax Income $27.95M -$13.10M -$5.156M
YoY Change -642.07% -167.53% -116.38%
Income Tax $1.974M -$1.700M -$891.0K
% Of Pretax Income 7.06%
Net Earnings $3.865M -$1.100M -$54.00K
YoY Change -7257.41% -105.7% -100.17%
Net Earnings / Revenue 1.08% -1.33% -0.02%
Basic Earnings Per Share $0.63 -$0.02
Diluted Earnings Per Share $0.53 -$0.20 -$0.02
COMMON SHARES
Basic Shares Outstanding 6.129M shares 3.000M shares
Diluted Shares Outstanding 6.655M shares 3.000M shares

Balance Sheet

Concept 2015 2014 Q4 2014
SHORT-TERM ASSETS
Cash & Short-Term Investments $12.50M $15.10M $15.10M
YoY Change -17.22% -19.68% -19.68%
Cash & Equivalents $4.500M $4.359M $4.400M
Short-Term Investments $8.000M $10.80M $10.80M
Other Short-Term Assets $24.70M $2.987M $17.70M
YoY Change 39.55% 2.96% 103.45%
Inventory $3.700M $8.032M $8.000M
Prepaid Expenses $1.236M
Receivables $61.80M $63.80M $65.00M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $102.7M $106.0M $106.0M
YoY Change -3.11% 4.64% 4.64%
LONG-TERM ASSETS
Property, Plant & Equipment $4.500M $4.221M $4.200M
YoY Change 7.14% -12.37% -12.5%
Goodwill $0.00
YoY Change
Intangibles $1.015M
YoY Change
Long-Term Investments
YoY Change
Other Assets $26.10M $149.0K $24.20M
YoY Change 7.85% 156.9% 24100.0%
Total Long-Term Assets $59.50M $32.41M $32.40M
YoY Change 83.64% 316.45% 315.38%
TOTAL ASSETS
Total Short-Term Assets $102.7M $106.0M $106.0M
Total Long-Term Assets $59.50M $32.41M $32.40M
Total Assets $162.2M $138.4M $138.4M
YoY Change 17.2% 26.88% 26.86%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $31.70M $38.21M $39.20M
YoY Change -19.13% 3.35% 5.95%
Accrued Expenses $12.20M $7.195M $7.200M
YoY Change 69.44% 5.22% 5.88%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $27.80M $33.00M $33.00M
YoY Change -15.76% 20.0% 20.0%
Total Short-Term Liabilities $84.20M $92.82M $92.80M
YoY Change -9.27% 26.9% 26.95%
LONG-TERM LIABILITIES
Long-Term Debt $20.90M $0.00 $0.00
YoY Change
Other Long-Term Liabilities $22.90M $21.50M $21.50M
YoY Change 6.51%
Total Long-Term Liabilities $43.80M $0.00 $21.50M
YoY Change 103.72%
TOTAL LIABILITIES
Total Short-Term Liabilities $84.20M $92.82M $92.80M
Total Long-Term Liabilities $43.80M $0.00 $21.50M
Total Liabilities $150.9M $114.3M $129.7M
YoY Change 16.35% 56.21% 77.19%
SHAREHOLDERS EQUITY
Retained Earnings -$775.0K
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $11.30M $8.659M $8.700M
YoY Change
Total Liabilities & Shareholders Equity $162.2M $138.4M $138.4M
YoY Change 17.2% 26.88% 26.86%

Cashflow Statement

Concept 2015 2014 Q4 2014
OPERATING ACTIVITIES
Net Income $3.865M -$1.100M -$54.00K
YoY Change -7257.41% -105.7% -100.17%
Depreciation, Depletion And Amortization $25.38M $11.90M $22.22M
YoY Change 14.21% 238.07% 37.04%
Cash From Operating Activities $45.93M -$6.100M $5.874M
YoY Change 681.94% -157.01% -86.79%
INVESTING ACTIVITIES
Capital Expenditures $1.766M $830.0K $3.040M
YoY Change -41.91% 69.39% 105.27%
Acquisitions
YoY Change
Other Investing Activities -$40.18M $0.00 $0.00
YoY Change
Cash From Investing Activities -$41.94M -$830.0K -$3.040M
YoY Change 1279.7% 69.39% 105.27%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00 $50.22M
YoY Change -100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$3.873M 8.800M -$5.664M
YoY Change -31.62% -265.73% -86.63%
NET CHANGE
Cash From Operating Activities $45.93M -6.100M $5.874M
Cash From Investing Activities -$41.94M -830.0K -$3.040M
Cash From Financing Activities -$3.873M 8.800M -$5.664M
Net Change In Cash $115.0K 1.870M -$2.830M
YoY Change -104.06% -61.84% -549.21%
FREE CASH FLOW
Cash From Operating Activities $45.93M -$6.100M $5.874M
Capital Expenditures $1.766M $830.0K $3.040M
Free Cash Flow $44.17M -$6.930M $2.834M
YoY Change 1458.4% -167.87% -93.41%

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24701000 USD
CY2015Q4 us-gaap Deferred Tax Assets Liabilities Net
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22527000 USD
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24047000 USD
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DeferredTaxAssetsLiabilitiesNetNoncurrent
23380000 USD
CY2014Q4 us-gaap Deferred Tax Assets Net Current
DeferredTaxAssetsNetCurrent
700000 USD
CY2014Q4 us-gaap Deferred Tax Assets Net Current
DeferredTaxAssetsNetCurrent
654000 USD
CY2014Q4 us-gaap Deferred Tax Assets Net Noncurrent
DeferredTaxAssetsNetNoncurrent
24000000 USD
CY2014Q4 us-gaap Deferred Tax Assets Net Noncurrent
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24047000 USD
CY2015Q4 us-gaap Deferred Tax Assets Net Noncurrent
DeferredTaxAssetsNetNoncurrent
23400000 USD
CY2015Q4 us-gaap Deferred Tax Assets Net Noncurrent
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23380000 USD
CY2014Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards Domestic
DeferredTaxAssetsOperatingLossCarryforwardsDomestic
59000 USD
CY2015Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards Domestic
DeferredTaxAssetsOperatingLossCarryforwardsDomestic
1488000 USD
CY2014Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards State And Local
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0 USD
CY2015Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
1158000 USD
CY2014Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
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0 USD
CY2015Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
19000 USD
CY2014Q4 us-gaap Deposits Assets Current
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10569000 USD
CY2015Q4 us-gaap Deposits Assets Current
DepositsAssetsCurrent
7421000 USD
CY2013 us-gaap Depreciation
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6100000 USD
CY2014 us-gaap Depreciation
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3700000 USD
CY2015 us-gaap Depreciation
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1600000 USD
CY2013 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
16215000 USD
CY2014 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
22221000 USD
CY2015 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1974000 USD
CY2015 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
25378000 USD
CY2013 us-gaap Derivative Gain Loss On Derivative Net
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6567000 USD
CY2015 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.34
CY2013 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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0 USD
CY2014 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
300000 USD
CY2015 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
1200000 USD
CY2013 us-gaap Excise And Sales Taxes
ExciseAndSalesTaxes
3500000 USD
CY2014 us-gaap Excise And Sales Taxes
ExciseAndSalesTaxes
3000000 USD
CY2015 us-gaap Excise And Sales Taxes
ExciseAndSalesTaxes
3000000 USD
CY2015Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
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561000 USD
CY2015Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
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6754000 USD
CY2014 us-gaap Derivative Gain Loss On Derivative Net
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-14535000 USD
CY2015 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-18497000 USD
CY2014Q4 us-gaap Derivative Instruments And Hedges
DerivativeInstrumentsAndHedges
216000 USD
CY2015Q4 us-gaap Derivative Instruments And Hedges
DerivativeInstrumentsAndHedges
605000 USD
CY2014Q4 us-gaap Derivative Instruments And Hedges Liabilities
DerivativeInstrumentsAndHedgesLiabilities
11526000 USD
CY2015Q4 us-gaap Derivative Instruments And Hedges Liabilities
DerivativeInstrumentsAndHedgesLiabilities
10620000 USD
CY2014Q4 us-gaap Derivative Instruments And Hedges Liabilities Noncurrent
DerivativeInstrumentsAndHedgesLiabilitiesNoncurrent
478000 USD
CY2015Q4 us-gaap Derivative Instruments And Hedges Liabilities Noncurrent
DerivativeInstrumentsAndHedgesLiabilitiesNoncurrent
618000 USD
CY2014 us-gaap Dilutive Securities Effect On Basic Earnings Per Share Other
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0 USD
CY2015 us-gaap Dilutive Securities Effect On Basic Earnings Per Share Other
DilutiveSecuritiesEffectOnBasicEarningsPerShareOther
-334000 USD
us-gaap Dividends Common Stock Cash
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721000 USD
CY2015 us-gaap Dividends Common Stock Cash
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4456000 USD
CY2014Q4 us-gaap Due From Related Parties Current
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1200000 USD
CY2014Q4 us-gaap Due From Related Parties Current
DueFromRelatedPartiesCurrent
1231000 USD
CY2015Q4 us-gaap Due From Related Parties Current
DueFromRelatedPartiesCurrent
1840000 USD
CY2015Q4 us-gaap Due From Related Parties Current
DueFromRelatedPartiesCurrent
1800000 USD
CY2014Q4 us-gaap Due To Affiliate Current And Noncurrent
DueToAffiliateCurrentAndNoncurrent
1000000 USD
CY2014Q4 us-gaap Due To Affiliate Current And Noncurrent
DueToAffiliateCurrentAndNoncurrent
1017000 USD
CY2015Q4 us-gaap Due To Affiliate Current And Noncurrent
DueToAffiliateCurrentAndNoncurrent
2000000 USD
CY2015Q4 us-gaap Due To Affiliate Current And Noncurrent
DueToAffiliateCurrentAndNoncurrent
1962000 USD
CY2014 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.02
CY2015 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.26
CY2014 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.02
CY2015 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.06
CY2014 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.173
CY2015 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.071
CY2015Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
127000 USD
CY2015Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
861000 USD
CY2015Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
2204000 USD
CY2015Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
4116000 USD
CY2015Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
14623000 USD
CY2013 us-gaap Gain Loss On Sale Of Derivatives
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1040000 USD
CY2014 us-gaap Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
-3479000 USD
CY2015 us-gaap Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
23948000 USD
CY2013 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
35020000 USD
CY2014 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
45880000 USD
CY2015 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
61682000 USD
CY2013Q4 us-gaap Goodwill
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0 USD
CY2014Q4 us-gaap Goodwill
Goodwill
0 USD
CY2015Q4 us-gaap Goodwill
Goodwill
18379000 USD
CY2015 us-gaap Impairment Of Intangible Assets Finitelived
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0 USD
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
31468000 USD
CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-5156000 USD
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
27949000 USD
CY2013 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
56000 USD
CY2014 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-891000 USD
CY2014 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-1753000 USD
CY2015 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
9503000 USD
CY2014 us-gaap Income Tax Reconciliation Minority Interest Income Expense
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-1451000 USD
CY2015 us-gaap Income Tax Reconciliation Minority Interest Income Expense
IncomeTaxReconciliationMinorityInterestIncomeExpense
7356000 USD
CY2014 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-51000 USD
CY2015 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
49000 USD
CY2014 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
69000 USD
CY2015 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-222000 USD
CY2013 us-gaap Income Taxes Paid
IncomeTaxesPaid
195000 USD
CY2014 us-gaap Income Taxes Paid
IncomeTaxesPaid
85000 USD
CY2015 us-gaap Income Taxes Paid
IncomeTaxesPaid
216000 USD
CY2013 us-gaap Increase Decrease In Accounts Payable
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-7879000 USD
CY2014 us-gaap Increase Decrease In Accounts Payable
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1449000 USD
CY2015 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-13307000 USD
CY2013 us-gaap Increase Decrease In Accounts Receivable
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-6338000 USD
CY2014 us-gaap Increase Decrease In Accounts Receivable
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11283000 USD
CY2015 us-gaap Increase Decrease In Accounts Receivable
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-7876000 USD
CY2013 us-gaap Increase Decrease In Deferred Charges
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8257000 USD
CY2014 us-gaap Increase Decrease In Deferred Charges
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26191000 USD
CY2015 us-gaap Increase Decrease In Deferred Charges
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19869000 USD
CY2013 us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
0 USD
CY2014 us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
1064000 USD
CY2015 us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
-1340000 USD
CY2013 us-gaap Increase Decrease In Due From Affiliates Current
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-13369000 USD
CY2014 us-gaap Increase Decrease In Due From Affiliates Current
IncreaseDecreaseInDueFromAffiliatesCurrent
-5563000 USD
CY2015 us-gaap Increase Decrease In Due From Affiliates Current
IncreaseDecreaseInDueFromAffiliatesCurrent
608000 USD
CY2013 us-gaap Increase Decrease In Due To Affiliates Current
IncreaseDecreaseInDueToAffiliatesCurrent
0 USD
CY2014 us-gaap Increase Decrease In Due To Affiliates Current
IncreaseDecreaseInDueToAffiliatesCurrent
1017000 USD
CY2015 us-gaap Increase Decrease In Due To Affiliates Current
IncreaseDecreaseInDueToAffiliatesCurrent
944000 USD
CY2013 us-gaap Increase Decrease In Intangible Assets Current
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0 USD
CY2014 us-gaap Increase Decrease In Intangible Assets Current
IncreaseDecreaseInIntangibleAssetsCurrent
1545000 USD
CY2015 us-gaap Increase Decrease In Intangible Assets Current
IncreaseDecreaseInIntangibleAssetsCurrent
2776000 USD
CY2013 us-gaap Increase Decrease In Inventories
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599000 USD
CY2014 us-gaap Increase Decrease In Inventories
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3711000 USD
CY2015 us-gaap Increase Decrease In Inventories
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-4544000 USD
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-518000 USD
CY2014 us-gaap Increase Decrease In Other Current Liabilities
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1867000 USD
CY2015 us-gaap Increase Decrease In Other Current Liabilities
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-645000 USD
CY2013 us-gaap Increase Decrease In Other Noncurrent Liabilities
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0 USD
CY2014 us-gaap Increase Decrease In Other Noncurrent Liabilities
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-149000 USD
CY2015 us-gaap Increase Decrease In Other Noncurrent Liabilities
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1898000 USD
CY2013 us-gaap Increase Decrease In Other Operating Assets
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-144000 USD
CY2014 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
90000 USD
CY2015 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
1101000 USD
CY2013 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
1917000 USD
CY2014 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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6905000 USD
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CY2015 us-gaap Net Cash Provided By Used In Financing Activities
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CY2013 us-gaap Net Cash Provided By Used In Investing Activities
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CY2014 us-gaap Net Cash Provided By Used In Investing Activities
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CY2015 us-gaap Net Cash Provided By Used In Investing Activities
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CY2015 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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-10845000 USD
CY2013 us-gaap Increase Decrease In Restricted Cash For Operating Activities
IncreaseDecreaseInRestrictedCashForOperatingActivities
0 USD
CY2014 us-gaap Increase Decrease In Restricted Cash For Operating Activities
IncreaseDecreaseInRestrictedCashForOperatingActivities
707000 USD
CY2015 us-gaap Increase Decrease In Restricted Cash For Operating Activities
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CY2014 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
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0 shares
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IncrementalCommonSharesAttributableToConversionOfDebtSecurities
210000 shares
CY2014 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
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IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
53000 shares
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486000 USD
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6627000 USD
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1015000 USD
CY2015Q4 us-gaap Intangible Assets Net Excluding Goodwill
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6802000 USD
CY2013 us-gaap Interest And Other Income
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353000 USD
CY2014 us-gaap Interest And Other Income
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263000 USD
CY2015 us-gaap Interest And Other Income
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324000 USD
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1714000 USD
CY2014 us-gaap Interest Expense
InterestExpense
1578000 USD
CY2015 us-gaap Interest Expense
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2280000 USD
CY2013 us-gaap Interest Paid
InterestPaid
879000 USD
CY2014 us-gaap Interest Paid
InterestPaid
860000 USD
CY2015 us-gaap Interest Paid
InterestPaid
1661000 USD
CY2014Q4 us-gaap Inventory Net
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8032000 USD
CY2015Q4 us-gaap Inventory Net
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3665000 USD
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0 USD
CY2014 us-gaap Inventory Write Down
InventoryWriteDown
0 USD
CY2015 us-gaap Inventory Write Down
InventoryWriteDown
0 USD
CY2014Q4 us-gaap Liabilities
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114280000 USD
CY2015Q4 us-gaap Liabilities
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128915000 USD
CY2014Q4 us-gaap Liabilities And Stockholders Equity
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138397000 USD
CY2015Q4 us-gaap Liabilities And Stockholders Equity
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162234000 USD
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92816000 USD
CY2015Q4 us-gaap Liabilities Current
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85041000 USD
CY2014Q4 us-gaap Long Term Debt
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33000000 USD
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33000000 USD
CY2015Q4 us-gaap Long Term Debt Current
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27806000 USD
CY2014Q4 us-gaap Long Term Debt Noncurrent
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0 USD
CY2015Q4 us-gaap Long Term Debt Noncurrent
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20931000 USD
CY2014Q4 us-gaap Long Term Line Of Credit
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0 USD
CY2015Q4 us-gaap Long Term Line Of Credit
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14592000 USD
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15458000 USD
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21981000 USD
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
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2584000 USD
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15587000 USD
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44480000 USD
CY2014 us-gaap Net Cash Provided By Used In Operating Activities
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5874000 USD
CY2015 us-gaap Net Cash Provided By Used In Operating Activities
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45931000 USD
us-gaap Net Income Loss
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31412000 USD
CY2014 us-gaap Net Income Loss
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CY2015 us-gaap Net Income Loss
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3865000 USD
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0 USD
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CY2015 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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22110000 USD
CY2014 us-gaap Net Income Loss Attributable To Parent Diluted
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-54000 USD
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3531000 USD
CY2013 us-gaap Noncash Or Part Noncash Acquisition Value Of Liabilities Assumed1
NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1
0 USD
CY2014 us-gaap Noncash Or Part Noncash Acquisition Value Of Liabilities Assumed1
NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1
0 USD
CY2015 us-gaap Noncash Or Part Noncash Acquisition Value Of Liabilities Assumed1
NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1
500000 USD
CY2013 us-gaap Nonoperating Income Expense
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-1361000 USD
CY2014 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-1315000 USD
CY2015 us-gaap Nonoperating Income Expense
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-1956000 USD
CY2014Q4 us-gaap Notes Payable Current
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33000000 USD
CY2015Q4 us-gaap Notes Payable Current
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27806000 USD
CY2015 us-gaap Number Of Operating Segments
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2 segment
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32829000 USD
CY2014 us-gaap Operating Income Loss
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-3841000 USD
CY2015 us-gaap Operating Income Loss
OperatingIncomeLoss
29905000 USD
CY2013 us-gaap Other Amortization Of Deferred Charges
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10100000 USD
CY2014 us-gaap Other Amortization Of Deferred Charges
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18500000 USD
CY2015 us-gaap Other Amortization Of Deferred Charges
OtherAmortizationOfDeferredCharges
18000000 USD
CY2014Q4 us-gaap Other Assets Current
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2987000 USD
CY2015Q4 us-gaap Other Assets Current
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4023000 USD
CY2014Q4 us-gaap Other Assets Noncurrent
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149000 USD
CY2015Q4 us-gaap Other Assets Noncurrent
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2709000 USD
CY2013 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
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84000 USD
CY2014 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
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0 USD
CY2015 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
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0 USD
CY2013 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
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2620000 USD
CY2014 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
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0 USD
CY2015 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
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0 USD
CY2014Q4 us-gaap Other Liabilities Current
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1868000 USD
CY2015Q4 us-gaap Other Liabilities Current
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1823000 USD
CY2014Q4 us-gaap Other Long Term Debt Noncurrent
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219000 USD
CY2015Q4 us-gaap Other Long Term Debt Noncurrent
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1612000 USD
CY2013 us-gaap Other Operating Activities Cash Flow Statement
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0 USD
CY2014 us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
0 USD
CY2015 us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
-1320000 USD
CY2013 us-gaap Other Sales Revenue Net
OtherSalesRevenueNet
314000 USD
CY2014 us-gaap Other Sales Revenue Net
OtherSalesRevenueNet
2318000 USD
CY2015 us-gaap Other Sales Revenue Net
OtherSalesRevenueNet
1494000 USD
CY2013 us-gaap Payments For Proceeds From Investments
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0 USD
CY2014 us-gaap Payments For Proceeds From Investments
PaymentsForProceedsFromInvestments
0 USD
CY2015 us-gaap Payments For Proceeds From Investments
PaymentsForProceedsFromInvestments
330000 USD
CY2013 us-gaap Payments Of Capital Distribution
PaymentsOfCapitalDistribution
0 USD
CY2014 us-gaap Payments Of Capital Distribution
PaymentsOfCapitalDistribution
2584000 USD
CY2015 us-gaap Payments Of Capital Distribution
PaymentsOfCapitalDistribution
15587000 USD
CY2013 us-gaap Payments Of Distributions To Affiliates
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0 USD
CY2014 us-gaap Payments Of Distributions To Affiliates
PaymentsOfDistributionsToAffiliates
47554000 USD
CY2015 us-gaap Payments Of Distributions To Affiliates
PaymentsOfDistributionsToAffiliates
0 USD
CY2013 us-gaap Payments Of Financing Costs
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532000 USD
CY2014 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
402000 USD
CY2015 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
0 USD
CY2013 us-gaap Payments Of Ordinary Dividends
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0 USD
CY2014 us-gaap Payments Of Ordinary Dividends
PaymentsOfOrdinaryDividends
721000 USD
CY2015 us-gaap Payments Of Ordinary Dividends
PaymentsOfOrdinaryDividends
4456000 USD
CY2014Q3 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
2700000 USD
CY2013 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
0 USD
CY2014 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
2667000 USD
CY2015 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
0 USD
CY2013 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
0 USD
CY2014 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
0 USD
CY2015 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
432000 USD
CY2013 us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
0 USD
CY2014 us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
0 USD
CY2015 us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
39847000 USD
CY2013 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1481000 USD
CY2014 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
3040000 USD
CY2015 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1766000 USD
CY2014Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2015Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2014Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
20000000 shares
CY2015Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
20000000 shares
CY2014Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2015Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2014Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2015Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2014Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2015Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2014Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
1236000 USD
CY2015Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
700000 USD
CY2013 us-gaap Proceeds From Contributions From Parent
ProceedsFromContributionsFromParent
0 USD
CY2014 us-gaap Proceeds From Contributions From Parent
ProceedsFromContributionsFromParent
0 USD
CY2015 us-gaap Proceeds From Contributions From Parent
ProceedsFromContributionsFromParent
129000 USD
CY2015 us-gaap Proceeds From Contributions From Parent
ProceedsFromContributionsFromParent
100000 USD
CY2013 us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
0 USD
CY2014 us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
0 USD
CY2015 us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
7075000 USD
CY2014Q3 us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
47600000 USD
CY2013 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 USD
CY2014Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-775000 USD
CY2015Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-1366000 USD
CY2013 us-gaap Revenues
Revenues
317090000 USD
CY2014 us-gaap Revenues
Revenues
322876000 USD
CY2015 us-gaap Revenues
Revenues
358153000 USD
CY2013 us-gaap Share Based Compensation
ShareBasedCompensation
0 USD
CY2014 us-gaap Share Based Compensation
ShareBasedCompensation
858000 USD
CY2015 us-gaap Share Based Compensation
ShareBasedCompensation
3181000 USD
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
1375000 shares
CY2014Q3 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
50220000 USD
CY2014 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
50220000 USD
CY2015 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 USD
CY2013 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
80000000 USD
CY2014 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
78500000 USD
CY2015 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
59224000 USD
us-gaap Profit Loss
ProfitLoss
-4244000 USD
CY2013 us-gaap Profit Loss
ProfitLoss
31412000 USD
CY2014 us-gaap Profit Loss
ProfitLoss
-4265000 USD
CY2015 us-gaap Profit Loss
ProfitLoss
25975000 USD
CY2014Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
31154000 USD
CY2015Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
32967000 USD
CY2014Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
4221000 USD
CY2015Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
4476000 USD
CY2013 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
3100000 USD
CY2013 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
3101000 USD
CY2014 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
10200000 USD
CY2014 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
10164000 USD
CY2015 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
7900000 USD
CY2015 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
7908000 USD
CY2013 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
62500000 USD
CY2014 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
44000000 USD
CY2015 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
49826000 USD
CY2014Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
700000 USD
CY2014Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
707000 USD
CY2015Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
0 USD
CY2015Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
0 USD
CY2015 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
187000 USD
CY2014Q4 us-gaap Stockholders Equity
StockholdersEquity
8659000 USD
CY2015Q4 us-gaap Stockholders Equity
StockholdersEquity
11338000 USD
CY2012Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
61302000 USD
CY2013Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
35913000 USD
CY2014Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
24117000 USD
CY2015Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
33319000 USD
CY2014Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
28486000 USD
CY2014Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
31156000 USD
CY2013 us-gaap Unrealized Gain Loss On Derivatives And Commodity Contracts
UnrealizedGainLossOnDerivativesAndCommodityContracts
6567000 USD
CY2014 us-gaap Unrealized Gain Loss On Derivatives And Commodity Contracts
UnrealizedGainLossOnDerivativesAndCommodityContracts
-14535000 USD
CY2015 us-gaap Unrealized Gain Loss On Derivatives And Commodity Contracts
UnrealizedGainLossOnDerivativesAndCommodityContracts
-18497000 USD
CY2013Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 USD
CY2014Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 USD
CY2015Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 USD
CY2013Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
0 USD
CY2014Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
0 USD
CY2015Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
0 USD
CY2013 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
0 USD
CY2014 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
0 USD
CY2015 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
0 USD
CY2013 us-gaap Utility Revenue
UtilityRevenue
316776000 USD
CY2014 us-gaap Utility Revenue
UtilityRevenue
320558000 USD
CY2015 us-gaap Utility Revenue
UtilityRevenue
356659000 USD
CY2014 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
3000000 shares
CY2015 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
3327000 shares
CY2014 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
3000000 shares
CY2015 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
3064000 shares
CY2015 us-gaap Revenue Recognition Customer Acquisitions
RevenueRecognitionCustomerAcquisitions
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-style:italic;">Customer Acquisition Costs</font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">The Company has retail natural gas and electricity customer acquisition costs, net of </font><font style="font-family:inherit;font-size:11pt;">$13.4 million</font><font style="font-family:inherit;font-size:11pt;"> and </font><font style="font-family:inherit;font-size:11pt;">$12.4 million</font><font style="font-family:inherit;font-size:11pt;"> recorded in current assets and </font><font style="font-family:inherit;font-size:11pt;">$3.8 million</font><font style="font-family:inherit;font-size:11pt;"> and </font><font style="font-family:inherit;font-size:11pt;">$3.0 million</font><font style="font-family:inherit;font-size:11pt;"> recorded in noncurrent assets representing direct response advertising costs as of </font><font style="font-family:inherit;font-size:11pt;">December&#160;31, 2015</font><font style="font-family:inherit;font-size:11pt;"> and </font><font style="font-family:inherit;font-size:11pt;">2014</font><font style="font-family:inherit;font-size:11pt;">, respectively. Customer acquisition costs is spending for organic customer acquisitions and does not include customer acquisitions through merger and acquisition activities, which are recorded as customer relationships. Amortization of customer acquisition costs, recorded in depreciation and amortization in the combined and consolidated statements of operations, was </font><font style="font-family:inherit;font-size:11pt;">$18.0 million</font><font style="font-family:inherit;font-size:11pt;">, </font><font style="font-family:inherit;font-size:11pt;">$18.5 million</font><font style="font-family:inherit;font-size:11pt;"> and </font><font style="font-family:inherit;font-size:11pt;">$10.1 million</font><font style="font-family:inherit;font-size:11pt;"> for the years ended </font><font style="font-family:inherit;font-size:11pt;">December&#160;31, 2015</font><font style="font-family:inherit;font-size:11pt;">, </font><font style="font-family:inherit;font-size:11pt;">2014</font><font style="font-family:inherit;font-size:11pt;"> and </font><font style="font-family:inherit;font-size:11pt;">2013</font><font style="font-family:inherit;font-size:11pt;">, respectively. Capitalized direct response advertising costs consist primarily of hourly and commission based telemarketing costs, door-to-door agent commissions and other direct advertising costs associated with proven customer generation, and are capitalized and amortized over the estimated </font><font style="font-family:inherit;font-size:11pt;">two</font><font style="font-family:inherit;font-size:11pt;">-year average life of a customer in accordance with the provisions of FASB ASC 340-20, </font><font style="font-family:inherit;font-size:11pt;font-style:italic;">Capitalized Advertising Costs</font><font style="font-family:inherit;font-size:11pt;">. </font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">Recoverability of customer acquisition costs is evaluated based on a comparison of the carrying amount of the customer acquisition costs to the future net cash flows expected to be generated by the customers acquired, considering specific assumptions for customer attrition, per unit gross profit, and operating costs. These assumptions are based on forecasts and historical experience. </font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br clear="none"/></font></div></div>
CY2015 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-style:italic;">Use of Estimates and Assumptions</font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">The preparation of the Company&#8217;s combined and consolidated financial statements requires estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the combined financial statements and the reported amounts of revenues and expenses during the period. Actual results could materially differ from those estimates. Significant items subject to such estimates by the Company&#8217;s management include estimates for unbilled revenues and related cost of revenues, provisions for uncollectible receivables, valuation of customer acquisition costs, estimated useful lives of property and equipment, valuation of derivatives and reserves for contingencies.</font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br clear="none"/></font></div></div>

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