2016 Q4 Form 10-K Financial Statement

#000160626818000017 Filed on March 09, 2018

View on sec.gov

Income Statement

Concept 2016 Q4 2015 Q4 2015
Revenue $168.7M $94.80M $358.2M
YoY Change 77.95% 14.63% 10.93%
Cost Of Revenue $96.40M $65.20M $241.2M
YoY Change 47.85% -1.51% -6.73%
Gross Profit $72.30M $29.70M $117.0M
YoY Change 143.43% 80.0% 81.96%
Gross Profit Margin 42.86% 31.33% 32.67%
Selling, General & Admin $29.80M $17.80M $61.70M
YoY Change 67.42% 2.3% 34.42%
% of Gross Profit 41.22% 59.93% 52.74%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $15.79M $7.510M $25.38M
YoY Change 110.25% -36.89% 14.21%
% of Gross Profit 21.84% 25.29% 21.69%
Operating Expenses $39.20M $25.30M $87.00M
YoY Change 54.94% -13.65% 27.75%
Operating Profit $33.10M $4.400M $29.91M
YoY Change 652.27% -134.38% -878.57%
Interest Expense -$5.400M -$900.0K $2.280M
YoY Change 500.0% 200.0% 44.49%
% of Operating Profit -16.31% -20.45% 7.62%
Other Income/Expense, Net -$1.956M
YoY Change 48.75%
Pretax Income $27.70M $3.500M $27.95M
YoY Change 691.43% -126.72% -642.07%
Income Tax $3.600M $400.0K $1.974M
% Of Pretax Income 13.0% 11.43% 7.06%
Net Earnings $7.700M $0.00 $3.865M
YoY Change -100.0% -7257.41%
Net Earnings / Revenue 4.56% 0.0% 1.08%
Basic Earnings Per Share $0.63
Diluted Earnings Per Share $2.65 -$0.02 $0.53
COMMON SHARES
Basic Shares Outstanding 6.129M shares
Diluted Shares Outstanding 6.655M shares

Balance Sheet

Concept 2016 Q4 2015 Q4 2015
SHORT-TERM ASSETS
Cash & Short-Term Investments $34.60M $12.50M $12.50M
YoY Change 176.8% -17.22% -17.22%
Cash & Equivalents $18.96M $4.474M $4.500M
Short-Term Investments $15.70M $8.000M $8.000M
Other Short-Term Assets $12.18M $4.023M $24.70M
YoY Change 202.63% 34.68% 39.55%
Inventory $3.752M $3.665M $3.700M
Prepaid Expenses $1.361M $700.0K
Receivables $112.5M $59.94M $61.80M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $198.0M $102.7M $102.7M
YoY Change 92.82% -3.12% -3.11%
LONG-TERM ASSETS
Property, Plant & Equipment $4.706M $4.476M $4.500M
YoY Change 5.14% 6.04% 7.14%
Goodwill $79.15M $18.38M
YoY Change 330.64%
Intangibles $21.40M $6.802M
YoY Change 214.61% 570.15%
Long-Term Investments
YoY Change
Other Assets $8.658M $2.709M $26.10M
YoY Change 219.6% 1718.12% 7.85%
Total Long-Term Assets $169.8M $59.55M $59.50M
YoY Change 185.06% 83.76% 83.64%
TOTAL ASSETS
Total Short-Term Assets $198.0M $102.7M $102.7M
Total Long-Term Assets $169.8M $59.55M $59.50M
Total Assets $367.7M $162.2M $162.2M
YoY Change 126.68% 17.22% 17.2%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $52.31M $29.73M $31.70M
YoY Change 75.94% -22.19% -19.13%
Accrued Expenses $36.62M $12.25M $12.20M
YoY Change 199.05% 70.19% 69.44%
Deferred Revenue
YoY Change
Short-Term Debt $22.10M $0.00 $0.00
YoY Change
Long-Term Debt Due $73.37M $27.81M $27.80M
YoY Change 163.86% -15.74% -15.76%
Total Short-Term Liabilities $184.1M $84.19M $84.20M
YoY Change 118.62% -9.3% -9.27%
LONG-TERM LIABILITIES
Long-Term Debt $5.000M $20.93M $20.90M
YoY Change -76.11%
Other Long-Term Liabilities $62.40M $22.90M $22.90M
YoY Change 172.49% 6.51% 6.51%
Total Long-Term Liabilities $5.000M $20.93M $43.80M
YoY Change -76.11% 103.72%
TOTAL LIABILITIES
Total Short-Term Liabilities $184.1M $84.19M $84.20M
Total Long-Term Liabilities $5.000M $20.93M $43.80M
Total Liabilities $251.5M $128.9M $150.9M
YoY Change 95.09% 12.81% 16.35%
SHAREHOLDERS EQUITY
Retained Earnings $4.711M -$1.366M
YoY Change -444.88% 76.26%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $0.00
YoY Change
Treasury Stock Shares 0.000 shares
Shareholders Equity $44.25M $6.682M $11.30M
YoY Change
Total Liabilities & Shareholders Equity $367.7M $162.2M $162.2M
YoY Change 126.68% 17.22% 17.2%

Cashflow Statement

Concept 2016 Q4 2015 Q4 2015
OPERATING ACTIVITIES
Net Income $7.700M $0.00 $3.865M
YoY Change -100.0% -7257.41%
Depreciation, Depletion And Amortization $15.79M $7.510M $25.38M
YoY Change 110.25% -36.89% 14.21%
Cash From Operating Activities $6.150M $6.250M $45.93M
YoY Change -1.6% -202.46% 681.94%
INVESTING ACTIVITIES
Capital Expenditures $500.0K $510.0K $1.766M
YoY Change -1.96% -38.55% -41.91%
Acquisitions
YoY Change
Other Investing Activities -$1.680M $1.380M -$40.18M
YoY Change -221.74%
Cash From Investing Activities -$2.160M $880.0K -$41.94M
YoY Change -345.45% -206.02% 1279.7%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change -100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.920M -10.01M -$3.873M
YoY Change -80.82% -213.75% -31.62%
NET CHANGE
Cash From Operating Activities 6.150M 6.250M $45.93M
Cash From Investing Activities -2.160M 880.0K -$41.94M
Cash From Financing Activities -1.920M -10.01M -$3.873M
Net Change In Cash 2.070M -2.880M $115.0K
YoY Change -171.88% -254.01% -104.06%
FREE CASH FLOW
Cash From Operating Activities $6.150M $6.250M $45.93M
Capital Expenditures $500.0K $510.0K $1.766M
Free Cash Flow $5.650M $5.740M $44.17M
YoY Change -1.57% -182.83% 1458.4%

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CY2016Q2 us-gaap Conversion Of Stock Shares Converted1
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CY2016Q4 us-gaap Convertible Debt
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CY2017Q4 us-gaap Convertible Debt
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CY2015 us-gaap Cost Of Services Energy Services
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7044000 USD
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CY2016 us-gaap Current State And Local Tax Expense Benefit
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CY2017 us-gaap Current State And Local Tax Expense Benefit
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CY2016Q4 us-gaap Deferred Advertising Costs
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CY2016Q4 us-gaap Deferred Advertising Costs
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CY2017Q4 us-gaap Deferred Advertising Costs
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CY2017Q4 us-gaap Deferred Advertising Costs
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6900000 USD
CY2015 us-gaap Deferred Federal Income Tax Expense Benefit
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10000 USD
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CY2016 us-gaap Depreciation
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CY2017 us-gaap Depreciation
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492000 USD
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0 USD
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CY2017Q4 us-gaap Due From Related Parties Current
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3700000 USD
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3800000 USD
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4600000 USD
CY2017Q4 us-gaap Due To Affiliate Current And Noncurrent
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0.63
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1.27
CY2017 us-gaap Earnings Per Share Basic
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1.20
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0.53
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0.330
CY2017 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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1200000 USD
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2100000 USD
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2100000 USD
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0 USD
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185000 USD
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0 USD
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0 USD
CY2016 us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
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0 USD
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5300000 USD
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9000000 USD
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3601000 USD
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19469000 USD
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4700000 USD
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10474000 USD
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14894000 USD
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24427000 USD
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CY2015Q4 us-gaap Goodwill
Goodwill
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Goodwill
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Goodwill
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0 USD
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0 USD
CY2017 us-gaap Goodwill Acquired During Period
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300000 USD
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260000 USD
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0 USD
CY2016 us-gaap Impairment Of Intangible Assets Finitelived
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0 USD
CY2017 us-gaap Impairment Of Intangible Assets Finitelived
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0 USD
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27949000 USD
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76099000 USD
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113809000 USD
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1974000 USD
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37528000 USD
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18000000 USD
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26635000 USD
CY2017 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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39833000 USD
CY2016 us-gaap Income Tax Reconciliation Minority Interest Income Expense
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17740000 USD
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19810000 USD
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185000 USD
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1719000 USD
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1346000 USD
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2569000 USD
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11205000 USD
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CY2016 us-gaap Increase Decrease In Accounts Payable
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14831000 USD
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14831000 USD
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12088000 USD
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32361000 USD
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19869000 USD
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21907000 USD
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25874000 USD
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608000 USD
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118000 USD
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458000 USD
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2776000 USD
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0 USD
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0 USD
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718000 USD
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2364000 USD
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1898000 USD
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45000 USD
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1101000 USD
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465000 USD
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0 USD
CY2017 us-gaap Increase Decrease In Restricted Cash For Operating Activities
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0 USD
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420000 shares
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1010000 shares
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0 shares
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IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
106000 shares
CY2016 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
278000 shares
CY2017 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
203000 shares
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18700000 USD
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21410000 USD
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21400000 USD
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34800000 USD
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324000 USD
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957000 USD
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256000 USD
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2280000 USD
CY2016 us-gaap Interest Expense
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8859000 USD
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11134000 USD
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324000 USD
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957000 USD
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256000 USD
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2280000 USD
CY2017 us-gaap Interest Paid
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5715000 USD
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3752000 USD
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4470000 USD
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0 USD
CY2016 us-gaap Inventory Write Down
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0 USD
CY2017 us-gaap Inventory Write Down
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0 USD
CY2016Q4 us-gaap Liabilities
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251494000 USD
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303473000 USD
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375230000 USD
CY2017Q4 us-gaap Liabilities And Stockholders Equity
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505949000 USD
CY2015 us-gaap Liabilities Assumed1
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0 USD
CY2016 us-gaap Liabilities Assumed1
LiabilitiesAssumed1
5000000 USD
CY2017 us-gaap Liabilities Assumed1
LiabilitiesAssumed1
0 USD
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184056000 USD
CY2017Q4 us-gaap Liabilities Current
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151027000 USD
CY2016Q4 us-gaap Lines Of Credit Current
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51287000 USD
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7500000 USD
CY2016Q4 us-gaap Long Term Debt
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78370000 USD
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145744000 USD
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73370000 USD
CY2017Q4 us-gaap Long Term Debt Current
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20943000 USD
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5000000 USD
CY2017Q4 us-gaap Long Term Debt Noncurrent
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124801000 USD
CY2016Q4 us-gaap Long Term Line Of Credit
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0 USD
CY2017Q4 us-gaap Long Term Line Of Credit
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117750000 USD
CY2016Q4 us-gaap Long Term Notes Payable
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0 USD
CY2017Q4 us-gaap Long Term Notes Payable
LongTermNotesPayable
7051000 USD
CY2016Q4 us-gaap Minority Interest
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93406000 USD
CY2017Q4 us-gaap Minority Interest
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125055000 USD
CY2015 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
15587000 USD
CY2016 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
34931000 USD
CY2017 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
33800000 USD
CY2015 us-gaap Net Cash Provided By Used In Financing Activities
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-3873000 USD
CY2016 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-16963000 USD
CY2017 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
44304000 USD
CY2015 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-41943000 USD
CY2016 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-36344000 USD
CY2017 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-97757000 USD
CY2015 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
45931000 USD
CY2016 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
67793000 USD
CY2017 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
63912000 USD
CY2015 us-gaap Net Income Loss
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3865000 USD
CY2016 us-gaap Net Income Loss
NetIncomeLoss
14444000 USD
CY2017 us-gaap Net Income Loss
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18854000 USD
CY2015 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
22110000 USD
CY2016 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
51229000 USD
CY2017 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
57427000 USD
CY2015 us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
3531000 USD
CY2016 us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
14134000 USD
CY2017 us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
15816000 USD
CY2015 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
3865000 USD
CY2016 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
14444000 USD
CY2017 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
15816000 USD
CY2015 us-gaap Noncash Or Part Noncash Acquisition Value Of Liabilities Assumed1
NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1
500000 USD
CY2016 us-gaap Noncash Or Part Noncash Acquisition Value Of Liabilities Assumed1
NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1
0 USD
CY2017 us-gaap Noncash Or Part Noncash Acquisition Value Of Liabilities Assumed1
NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1
0 USD
CY2015 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-1956000 USD
CY2016 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-7902000 USD
CY2017 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
11389000 USD
CY2016Q4 us-gaap Notes Payable Current
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15501000 USD
CY2016 us-gaap Other Amortization Of Deferred Charges
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17500000 USD
CY2017 us-gaap Other Amortization Of Deferred Charges
OtherAmortizationOfDeferredCharges
21400000 USD
CY2016Q4 us-gaap Other Assets Current
OtherAssetsCurrent
12175000 USD
CY2017Q4 us-gaap Other Assets Current
OtherAssetsCurrent
19678000 USD
CY2016Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
8658000 USD
CY2017Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
11500000 USD
CY2016 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
41000 USD
CY2016Q4 us-gaap Notes Payable Current
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15500000 USD
CY2017Q4 us-gaap Notes Payable Current
NotesPayableCurrent
13443000 USD
CY2017 us-gaap Number Of Operating Segments
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2 segment
CY2015 us-gaap Operating Income Loss
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29905000 USD
CY2016 us-gaap Operating Income Loss
OperatingIncomeLoss
84001000 USD
CY2017 us-gaap Operating Income Loss
OperatingIncomeLoss
102420000 USD
CY2017 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
-59000 USD
CY2015 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
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22110000 USD
CY2016 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
51259000 USD
CY2017 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
57390000 USD
CY2015 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
0 USD
CY2016 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
-41000 USD
CY2017 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
59000 USD
CY2015 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
0 USD
CY2016 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
41000 USD
CY2017 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-59000 USD
CY2016Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
5476000 USD
CY2017Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
2675000 USD
CY2016Q4 us-gaap Other Long Term Debt Noncurrent
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1658000 USD
CY2017Q4 us-gaap Other Long Term Debt Noncurrent
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172000 USD
CY2015 us-gaap Other Operating Activities Cash Flow Statement
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-1320000 USD
CY2016 us-gaap Other Operating Activities Cash Flow Statement
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-407000 USD
CY2017 us-gaap Other Operating Activities Cash Flow Statement
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-5000 USD
CY2015 us-gaap Other Sales Revenue Net
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1494000 USD
CY2016 us-gaap Other Sales Revenue Net
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-586000 USD
CY2017 us-gaap Other Sales Revenue Net
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-717000 USD
CY2015 us-gaap Payments For Proceeds From Investments
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330000 USD
CY2016 us-gaap Payments For Proceeds From Investments
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1102000 USD
CY2017 us-gaap Payments For Proceeds From Investments
PaymentsForProceedsFromInvestments
0 USD
CY2015 us-gaap Payments Of Capital Distribution
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15587000 USD
CY2016 us-gaap Payments Of Capital Distribution
PaymentsOfCapitalDistribution
34930000 USD
CY2017 us-gaap Payments Of Capital Distribution
PaymentsOfCapitalDistribution
33800000 USD
CY2015 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
0 USD
CY2016 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
0 USD
CY2017 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
2106000 USD
CY2015 us-gaap Payments Of Ordinary Dividends
PaymentsOfOrdinaryDividends
4456000 USD
CY2016 us-gaap Payments Of Ordinary Dividends
PaymentsOfOrdinaryDividends
8367000 USD
CY2017 us-gaap Payments Of Ordinary Dividends
PaymentsOfOrdinaryDividends
9519000 USD
CY2017Q1 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
1000000 USD
CY2015 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
432000 USD
CY2016 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
1183000 USD
CY2017 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
3091000 USD
CY2015 us-gaap Payments To Acquire Business Three Net Of Cash Acquired
PaymentsToAcquireBusinessThreeNetOfCashAcquired
0 USD
CY2016 us-gaap Payments To Acquire Business Three Net Of Cash Acquired
PaymentsToAcquireBusinessThreeNetOfCashAcquired
0 USD
CY2017 us-gaap Payments To Acquire Business Three Net Of Cash Acquired
PaymentsToAcquireBusinessThreeNetOfCashAcquired
69538000 USD
CY2016 us-gaap Payments To Acquire Business Two Net Of Cash Acquired
PaymentsToAcquireBusinessTwoNetOfCashAcquired
0 USD
CY2017 us-gaap Payments To Acquire Business Two Net Of Cash Acquired
PaymentsToAcquireBusinessTwoNetOfCashAcquired
11759000 USD
CY2015 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1766000 USD
CY2016 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2258000 USD
CY2017 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1704000 USD
CY2015 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
0 USD
CY2015 us-gaap Payments To Acquire Business Two Net Of Cash Acquired
PaymentsToAcquireBusinessTwoNetOfCashAcquired
0 USD
CY2016 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
0 USD
CY2017 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
3038000 USD
CY2017Q3 us-gaap Preferred Stock Redemption Amount
PreferredStockRedemptionAmount
50000000.0 USD
CY2017Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
20000000 shares
CY2016Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2017Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
1704339 shares
CY2016Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2017Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
1704339 shares
CY2016Q4 us-gaap Prepaid Expense Current
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1361000 USD
CY2017Q4 us-gaap Prepaid Expense Current
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1028000 USD
CY2015 us-gaap Proceeds From Contributions From Parent
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129000 USD
CY2016 us-gaap Proceeds From Contributions From Parent
ProceedsFromContributionsFromParent
0 USD
CY2017 us-gaap Proceeds From Contributions From Parent
ProceedsFromContributionsFromParent
0 USD
CY2015 us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
7075000 USD
CY2016 us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
0 USD
CY2017 us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
0 USD
CY2017Q1 us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
39000000 USD
CY2015 us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
0 USD
CY2016 us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
0 USD
CY2017 us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
40241000 USD
CY2015 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
59224000 USD
CY2016 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
79048000 USD
CY2017 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
206400000 USD
CY2015 us-gaap Profit Loss
ProfitLoss
25975000 USD
CY2016 us-gaap Profit Loss
ProfitLoss
65673000 USD
CY2017 us-gaap Profit Loss
ProfitLoss
76281000 USD
CY2016Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
35267000 USD
CY2017Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
41444000 USD
CY2016Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
4706000 USD
CY2017Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
8275000 USD
CY2015 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
7908000 USD
CY2015 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
7900000 USD
CY2016 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
1261000 USD
CY2016 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
1300000 USD
CY2017 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
6550000 USD
CY2017 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
6600000 USD
CY2015 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
49826000 USD
CY2016 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
66652000 USD
CY2017 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
152939000 USD
CY2016Q4 us-gaap Retained Earnings Accumulated Deficit
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4711000 USD
CY2017Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
11008000 USD
CY2015 us-gaap Revenues
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358153000 USD
CY2016 us-gaap Revenues
Revenues
546697000 USD
CY2017 us-gaap Revenues
Revenues
798055000 USD
CY2015 us-gaap Share Based Compensation
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3181000 USD
CY2016 us-gaap Share Based Compensation
ShareBasedCompensation
5242000 USD
CY2017 us-gaap Share Based Compensation
ShareBasedCompensation
5058000 USD
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
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2750000 shares
CY2016 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
0 USD
CY2016 us-gaap Stock Issued During Period Value New Issues
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53994000 USD
CY2017 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
7795000 USD
CY2015 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
187000 USD
CY2016 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
1062000 USD
CY2017 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
1054000 USD
CY2017 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
2011000 USD
CY2016Q4 us-gaap Stockholders Equity
StockholdersEquity
30330000 USD
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
36248000 USD
CY2014Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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24117000 USD
CY2015Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
33319000 USD
CY2016Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
123736000 USD
CY2017Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
161303000 USD
CY2017Q2 us-gaap Stockholders Equity Note Stock Split Conversion Ratio1
StockholdersEquityNoteStockSplitConversionRatio1
2
CY2017Q2 us-gaap Stockholders Equity Note Stock Split Conversion Ratio1
StockholdersEquityNoteStockSplitConversionRatio1
2
CY2016Q4 us-gaap Subordinated Long Term Debt
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5000000 USD
CY2016Q4 us-gaap Subordinated Long Term Debt
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5000000 USD
CY2017Q4 us-gaap Subordinated Long Term Debt
SubordinatedLongTermDebt
0 USD
CY2017Q4 us-gaap Subordinated Long Term Debt
SubordinatedLongTermDebt
0 USD
CY2017 us-gaap Temporary Equity Accretion Of Dividends
TemporaryEquityAccretionOfDividends
932000 USD
CY2016Q4 us-gaap Temporary Equity Carrying Amount Including Portion Attributable To Noncontrolling Interests
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0 USD
CY2017Q4 us-gaap Temporary Equity Carrying Amount Including Portion Attributable To Noncontrolling Interests
TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests
41173000 USD
CY2016Q4 us-gaap Temporary Equity Par Or Stated Value Per Share
TemporaryEquityParOrStatedValuePerShare
0.01
CY2017Q4 us-gaap Temporary Equity Par Or Stated Value Per Share
TemporaryEquityParOrStatedValuePerShare
0.01
CY2016Q4 us-gaap Temporary Equity Shares Authorized
TemporaryEquitySharesAuthorized
20000000 shares
CY2017Q4 us-gaap Temporary Equity Shares Authorized
TemporaryEquitySharesAuthorized
20000000 shares
CY2016Q4 us-gaap Temporary Equity Shares Issued
TemporaryEquitySharesIssued
0 shares
CY2017Q4 us-gaap Temporary Equity Shares Issued
TemporaryEquitySharesIssued
1704339 shares
CY2016Q4 us-gaap Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
0 shares
CY2017Q4 us-gaap Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
1704339 shares
CY2017 us-gaap Temporary Equity Stock Issued During Period Value New Issues
TemporaryEquityStockIssuedDuringPeriodValueNewIssues
40241000 USD
CY2016Q4 us-gaap Treasury Stock Common Value
TreasuryStockCommonValue
0 USD
CY2017Q4 us-gaap Treasury Stock Common Value
TreasuryStockCommonValue
2011000 USD
CY2016Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
0 shares
CY2017Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
99446 shares
CY2015 us-gaap Unrealized Gain Loss On Derivatives And Commodity Contracts
UnrealizedGainLossOnDerivativesAndCommodityContracts
-18497000 USD
CY2016 us-gaap Unrealized Gain Loss On Derivatives And Commodity Contracts
UnrealizedGainLossOnDerivativesAndCommodityContracts
22407000 USD
CY2017 us-gaap Unrealized Gain Loss On Derivatives And Commodity Contracts
UnrealizedGainLossOnDerivativesAndCommodityContracts
5008000 USD
CY2016Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 USD
CY2017Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 USD
CY2015Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
0 USD
CY2016Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
0 USD
CY2017Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
0 USD
CY2015 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
0 USD
CY2016 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
0 USD
CY2017 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
0 USD
CY2015 us-gaap Utility Revenue
UtilityRevenue
356659000 USD
CY2016 us-gaap Utility Revenue
UtilityRevenue
547283000 USD
CY2017 us-gaap Utility Revenue
UtilityRevenue
798772000 USD
CY2015 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
6655000 shares
CY2016 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
12690000 shares
CY2017 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
13346000 shares
CY2015 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
6129000 shares
CY2016 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
11402000 shares
CY2017 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
13143000 shares
CY2017 us-gaap Reclassifications
Reclassifications
<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;">Reclassifications</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;">Certain amounts in the prior period financial statements have been reclassified to conform to the current period presentation. These reclassifications had no effect on reported earnings. </font></div></div>
CY2017 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;">$22.1 million</font><font style="font-family:inherit;font-size:11pt;"> and </font><font style="font-family:inherit;font-size:11pt;">$18.8 million</font><font style="font-family:inherit;font-size:11pt;"> recorded in current assets and </font><font style="font-family:inherit;font-size:11pt;">$6.9 million</font><font style="font-family:inherit;font-size:11pt;"> and </font><font style="font-family:inherit;font-size:11pt;">$6.1 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, 2017</font><font style="font-family:inherit;font-size:11pt;"> and </font><font style="font-family:inherit;font-size:11pt;">2016</font><font style="font-family:inherit;font-size:11pt;">, respectively. Customer acquisition costs are spending for organic customer acquisitions and do 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 consolidated statements of operations, was </font><font style="font-family:inherit;font-size:11pt;">$21.4 million</font><font style="font-family:inherit;font-size:11pt;">, </font><font style="font-family:inherit;font-size:11pt;">$17.5 million</font><font style="font-family:inherit;font-size:11pt;"> and </font><font style="font-family:inherit;font-size:11pt;">$18.0 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, 2017</font><font style="font-family:inherit;font-size:11pt;">, </font><font style="font-family:inherit;font-size:11pt;">2016</font><font style="font-family:inherit;font-size:11pt;"> and </font><font style="font-family:inherit;font-size:11pt;">2015</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>
CY2017 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 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 consolidated 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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