2018 Q4 Form 10-Q Financial Statement
#000116500218000064 Filed on October 24, 2018
Income Statement
Concept | 2018 Q4 | 2018 Q3 | 2017 Q3 |
---|---|---|---|
Revenue | $26.12M | $29.85M | $33.49M |
YoY Change | -22.98% | -10.86% | 5.4% |
Cost Of Revenue | |||
YoY Change | |||
Gross Profit | |||
YoY Change | |||
Gross Profit Margin | |||
Selling, General & Admin | $18.67M | $2.980M | $3.617M |
YoY Change | -14.51% | -17.61% | 41.57% |
% of Gross Profit | |||
Research & Development | $2.350M | $2.332M | $1.855M |
YoY Change | 2.62% | 25.71% | -1.01% |
% of Gross Profit | |||
Depreciation & Amortization | $630.0K | $640.0K | $710.0K |
YoY Change | -14.86% | -9.86% | -2.74% |
% of Gross Profit | |||
Operating Expenses | $21.02M | $5.312M | $5.472M |
YoY Change | -12.89% | -2.92% | 23.55% |
Operating Profit | $7.151M | $5.752M | |
YoY Change | 24.32% | ||
Interest Expense | $2.790M | ||
YoY Change | |||
% of Operating Profit | |||
Other Income/Expense, Net | |||
YoY Change | |||
Pretax Income | $7.888M | $7.151M | $5.752M |
YoY Change | -19.41% | 24.32% | -36.46% |
Income Tax | $2.360M | $1.783M | $1.620M |
% Of Pretax Income | 29.92% | 24.93% | 28.16% |
Net Earnings | $5.413M | $5.368M | $4.132M |
YoY Change | 86.85% | 29.91% | -29.81% |
Net Earnings / Revenue | 20.72% | 17.98% | 12.34% |
Basic Earnings Per Share | $0.65 | $0.64 | $0.51 |
Diluted Earnings Per Share | $0.64 | $0.62 | $0.49 |
COMMON SHARES | |||
Basic Shares Outstanding | 9.018M shares | 8.403M shares | 8.172M shares |
Diluted Shares Outstanding | 8.598M shares | 8.421M shares |
Balance Sheet
Concept | 2018 Q4 | 2018 Q3 | 2017 Q3 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $118.2M | $119.1M | $99.50M |
YoY Change | 11.93% | 19.7% | 23.6% |
Cash & Equivalents | $52.45M | $48.09M | $51.44M |
Short-Term Investments | $65.80M | $71.00M | $48.10M |
Other Short-Term Assets | $2.731M | $2.308M | $6.261M |
YoY Change | -58.7% | -63.14% | 165.86% |
Inventory | |||
Prepaid Expenses | |||
Receivables | $18.43M | $19.83M | $22.16M |
Other Receivables | $0.00 | $600.0K | $2.700M |
Total Short-Term Assets | $139.7M | $141.8M | $130.7M |
YoY Change | 1.18% | 8.51% | 23.64% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $4.454M | $4.120M | $4.103M |
YoY Change | 6.3% | 0.41% | 2.22% |
Goodwill | $19.80M | $19.80M | $27.14M |
YoY Change | -27.04% | -27.04% | 0.0% |
Intangibles | |||
YoY Change | |||
Long-Term Investments | $5.400M | $5.400M | |
YoY Change | |||
Other Assets | $5.100M | $5.100M | $9.500M |
YoY Change | 50.0% | -46.32% | -13.64% |
Total Long-Term Assets | $59.44M | $50.81M | $60.67M |
YoY Change | 8.98% | -16.25% | -5.2% |
TOTAL ASSETS | |||
Total Short-Term Assets | $139.7M | $141.8M | $130.7M |
Total Long-Term Assets | $59.44M | $50.81M | $60.67M |
Total Assets | $199.2M | $192.6M | $191.4M |
YoY Change | 3.39% | 0.66% | 12.77% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $2.500M | $2.500M | $2.900M |
YoY Change | -28.57% | -13.79% | -17.14% |
Accrued Expenses | $16.50M | $12.70M | $22.10M |
YoY Change | -13.61% | -42.53% | 64.93% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | $0.00 | ||
YoY Change | |||
Total Short-Term Liabilities | $27.13M | $24.74M | $32.38M |
YoY Change | -13.97% | -23.6% | 27.08% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Other Long-Term Liabilities | $10.90M | $3.200M | $3.600M |
YoY Change | 131.91% | -11.11% | 5.88% |
Total Long-Term Liabilities | $10.91M | $3.200M | $3.600M |
YoY Change | 130.49% | -11.11% | 5.88% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $27.13M | $24.74M | $32.38M |
Total Long-Term Liabilities | $10.91M | $3.200M | $3.600M |
Total Liabilities | $38.03M | $27.96M | $35.93M |
YoY Change | 4.88% | -22.2% | 24.57% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | $30.53M | $31.55M | $31.76M |
YoY Change | 6.7% | -0.66% | 7.0% |
Common Stock | $194.2M | $191.2M | $176.4M |
YoY Change | 8.3% | 8.35% | 10.47% |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | $58.71M | $55.22M | $50.91M |
YoY Change | 17.92% | 8.46% | 13.48% |
Treasury Stock Shares | 1.278M shares | 1.178M shares | 1.102M shares |
Shareholders Equity | $161.1M | $164.7M | $155.4M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $199.2M | $192.6M | $191.4M |
YoY Change | 3.39% | 0.66% | 12.77% |
Cashflow Statement
Concept | 2018 Q4 | 2018 Q3 | 2017 Q3 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | $5.413M | $5.368M | $4.132M |
YoY Change | 86.85% | 29.91% | -29.81% |
Depreciation, Depletion And Amortization | $630.0K | $640.0K | $710.0K |
YoY Change | -14.86% | -9.86% | -2.74% |
Cash From Operating Activities | $16.41M | $6.670M | $12.63M |
YoY Change | 91.71% | -47.19% | 50.54% |
INVESTING ACTIVITIES | |||
Capital Expenditures | -$310.0K | -$250.0K | -$290.0K |
YoY Change | -50.79% | -13.79% | -57.97% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $0.00 | -$420.0K | |
YoY Change | |||
Cash From Investing Activities | -$310.0K | -$680.0K | -$290.0K |
YoY Change | -50.79% | 134.48% | -57.97% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | -9.870M | -5.760M | -5.150M |
YoY Change | 88.36% | 11.84% | -10.75% |
NET CHANGE | |||
Cash From Operating Activities | 16.41M | 6.670M | 12.63M |
Cash From Investing Activities | -310.0K | -680.0K | -290.0K |
Cash From Financing Activities | -9.870M | -5.760M | -5.150M |
Net Change In Cash | 6.230M | 230.0K | 7.190M |
YoY Change | 131.6% | -96.8% | 272.54% |
FREE CASH FLOW | |||
Cash From Operating Activities | $16.41M | $6.670M | $12.63M |
Capital Expenditures | -$310.0K | -$250.0K | -$290.0K |
Free Cash Flow | $16.72M | $6.920M | $12.92M |
YoY Change | 81.94% | -46.44% | 42.29% |
Facts In Submission
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---|---|---|---|---|
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2018 | ||
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2018-09-30 | ||
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Effect Of Exchange Rate On Cash And Cash Equivalents
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Effective Income Tax Rate Continuing Operations
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0.249 | |
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General And Administrative Expense
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|
8697000 | USD | |
CY2018Q3 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
3027000 | USD |
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
6477000 | USD | |
CY2017Q3 | us-gaap |
Goodwill
Goodwill
|
27144000 | USD |
CY2017Q4 | us-gaap |
Goodwill
Goodwill
|
27144000 | USD |
CY2018Q3 | us-gaap |
Goodwill
Goodwill
|
19804000 | USD |
CY2017Q3 | us-gaap |
Goodwill Impairment Loss
GoodwillImpairmentLoss
|
0 | USD |
us-gaap |
Goodwill Impairment Loss
GoodwillImpairmentLoss
|
0 | USD | |
CY2018Q3 | us-gaap |
Goodwill Impairment Loss
GoodwillImpairmentLoss
|
0 | USD |
us-gaap |
Goodwill Impairment Loss
GoodwillImpairmentLoss
|
0 | USD | |
us-gaap |
Goodwill Written Off Related To Sale Of Business Unit
GoodwillWrittenOffRelatedToSaleOfBusinessUnit
|
7340000 | USD | |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
28574000 | USD | |
CY2018Q3 | us-gaap |
Income Tax Examination Interest Expense
IncomeTaxExaminationInterestExpense
|
81000 | USD |
CY2017Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
1620000 | USD |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
7013000 | USD | |
CY2018Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
1783000 | USD |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
7236000 | USD | |
us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
10245000 | USD | |
us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
5634000 | USD | |
CY2017Q4 | us-gaap |
Income Taxes Receivable
IncomeTaxesReceivable
|
4269000 | USD |
CY2018Q3 | us-gaap |
Income Taxes Receivable
IncomeTaxesReceivable
|
589000 | USD |
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
178000 | USD | |
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-650000 | USD | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-1686000 | USD | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-1537000 | USD | |
us-gaap |
Increase Decrease In Accrued Taxes Payable
IncreaseDecreaseInAccruedTaxesPayable
|
-5181000 | USD | |
us-gaap |
Increase Decrease In Accrued Taxes Payable
IncreaseDecreaseInAccruedTaxesPayable
|
3265000 | USD | |
us-gaap |
Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
|
-2696000 | USD | |
us-gaap |
Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
|
-6157000 | USD | |
us-gaap |
Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
|
3881000 | USD | |
us-gaap |
Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
|
-4185000 | USD | |
us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
-111000 | USD | |
us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
-118000 | USD | |
us-gaap |
Increase Decrease In Trading Securities
IncreaseDecreaseInTradingSecurities
|
-8931000 | USD | |
us-gaap |
Increase Decrease In Trading Securities
IncreaseDecreaseInTradingSecurities
|
19824000 | USD | |
CY2017Q3 | us-gaap |
Investment Advisory Fees
InvestmentAdvisoryFees
|
25334000 | USD |
us-gaap |
Investment Advisory Fees
InvestmentAdvisoryFees
|
73619000 | USD | |
CY2018Q3 | us-gaap |
Investment Advisory Fees
InvestmentAdvisoryFees
|
22023000 | USD |
us-gaap |
Investment Advisory Fees
InvestmentAdvisoryFees
|
69979000 | USD | |
CY2017Q3 | us-gaap |
Investment Income Net
InvestmentIncomeNet
|
154000 | USD |
us-gaap |
Investment Income Net
InvestmentIncomeNet
|
458000 | USD | |
CY2018Q3 | us-gaap |
Investment Income Net
InvestmentIncomeNet
|
239000 | USD |
us-gaap |
Investment Income Net
InvestmentIncomeNet
|
616000 | USD | |
CY2017Q3 | us-gaap |
Labor And Related Expense
LaborAndRelatedExpense
|
15601000 | USD |
us-gaap |
Labor And Related Expense
LaborAndRelatedExpense
|
48875000 | USD | |
CY2018Q3 | us-gaap |
Labor And Related Expense
LaborAndRelatedExpense
|
14444000 | USD |
us-gaap |
Labor And Related Expense
LaborAndRelatedExpense
|
46857000 | USD | |
CY2017Q4 | us-gaap |
Liabilities
Liabilities
|
36263000 | USD |
CY2018Q3 | us-gaap |
Liabilities
Liabilities
|
27955000 | USD |
CY2017Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
192659000 | USD |
CY2018Q3 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
192627000 | USD |
CY2017Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
31531000 | USD |
CY2018Q3 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
24740000 | USD |
CY2017Q3 | us-gaap |
Litigation Settlement Expense
LitigationSettlementExpense
|
4009000 | USD |
us-gaap |
Litigation Settlement Expense
LitigationSettlementExpense
|
4009000 | USD | |
CY2018Q3 | us-gaap |
Litigation Settlement Expense
LitigationSettlementExpense
|
0 | USD |
us-gaap |
Litigation Settlement Expense
LitigationSettlementExpense
|
0 | USD | |
CY2017Q4 | us-gaap |
Long Term Investments
LongTermInvestments
|
0 | USD |
CY2018Q3 | us-gaap |
Long Term Investments
LongTermInvestments
|
5425000 | USD |
CY2018Q2 | us-gaap |
Long Term Investments
LongTermInvestments
|
5000000 | USD |
CY2017Q4 | us-gaap |
Loss Contingency Receivable Current
LossContingencyReceivableCurrent
|
212000 | USD |
CY2018Q3 | us-gaap |
Loss Contingency Receivable Current
LossContingencyReceivableCurrent
|
0 | USD |
us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
-23344000 | USD | |
us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
-24252000 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-537000 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
39447000 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
15070000 | USD | |
CY2017Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
4132000 | USD |
us-gaap |
Net Income Loss
NetIncomeLoss
|
17092000 | USD | |
CY2018Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
5368000 | USD |
us-gaap |
Net Income Loss
NetIncomeLoss
|
21338000 | USD | |
us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
2 | ||
CY2017Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
5752000 | USD |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
24105000 | USD | |
CY2018Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
7151000 | USD |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
28050000 | USD | |
CY2017Q4 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
6612000 | USD |
CY2018Q3 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
2308000 | USD |
CY2017Q3 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
1297000 | USD |
us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
2438000 | USD | |
CY2018Q3 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
616000 | USD |
us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-1062000 | USD | |
us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-1062000 | USD | |
CY2017Q3 | us-gaap |
Other Sales Revenue Net
OtherSalesRevenueNet
|
146000 | USD |
us-gaap |
Other Sales Revenue Net
OtherSalesRevenueNet
|
807000 | USD | |
CY2018Q3 | us-gaap |
Other Sales Revenue Net
OtherSalesRevenueNet
|
401000 | USD |
us-gaap |
Other Sales Revenue Net
OtherSalesRevenueNet
|
337000 | USD | |
us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
16787000 | USD | |
us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
18825000 | USD | |
us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
5231000 | USD | |
us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
4701000 | USD | |
us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
0 | USD | |
us-gaap |
Payments To Acquire Investments
PaymentsToAcquireInvestments
|
5425000 | USD | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
537000 | USD | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
676000 | USD | |
CY2017Q3 | us-gaap |
Performance Fees
PerformanceFees
|
0 | USD |
us-gaap |
Performance Fees
PerformanceFees
|
1417000 | USD | |
CY2018Q3 | us-gaap |
Performance Fees
PerformanceFees
|
0 | USD |
us-gaap |
Performance Fees
PerformanceFees
|
2984000 | USD | |
us-gaap |
Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
|
0 | USD | |
us-gaap |
Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
|
10013000 | USD | |
us-gaap |
Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
|
10000000 | USD | |
CY2017Q3 | us-gaap |
Professional Fees
ProfessionalFees
|
1681000 | USD |
us-gaap |
Professional Fees
ProfessionalFees
|
4495000 | USD | |
CY2018Q3 | us-gaap |
Professional Fees
ProfessionalFees
|
1372000 | USD |
us-gaap |
Professional Fees
ProfessionalFees
|
3677000 | USD | |
CY2017Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
4190000 | USD |
CY2018Q3 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
4120000 | USD |
us-gaap |
Restricted Stock Value Shares Issued Net Of Tax Withholdings
RestrictedStockValueSharesIssuedNetOfTaxWithholdings
|
4701000 | USD | |
CY2017Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
28607000 | USD |
CY2018Q3 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
31549000 | USD |
CY2017Q3 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
33492000 | USD |
us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
99871000 | USD | |
CY2018Q3 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
29854000 | USD |
us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
96181000 | USD | |
CY2017Q3 | us-gaap |
Revenues
Revenues
|
33492000 | USD |
us-gaap |
Revenues
Revenues
|
99871000 | USD | |
CY2018Q3 | us-gaap |
Revenues
Revenues
|
29854000 | USD |
us-gaap |
Revenues
Revenues
|
96181000 | USD | |
CY2017Q3 | us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
457000 | USD |
us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
1447000 | USD | |
CY2018Q3 | us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
549000 | USD |
us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
1401000 | USD | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
12298000 | USD | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
11658000 | USD | |
CY2017Q4 | us-gaap |
Short Term Investments
ShortTermInvestments
|
51324000 | USD |
CY2018Q3 | us-gaap |
Short Term Investments
ShortTermInvestments
|
71003000 | USD |
us-gaap |
Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
|
0 | USD | |
CY2017Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
156396000 | USD |
CY2018Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
164672000 | USD |
CY2017Q4 | us-gaap |
Trading Securities
TradingSecurities
|
51324000 | USD |
CY2018Q3 | us-gaap |
Trading Securities
TradingSecurities
|
71003000 | USD |
CY2017Q4 | us-gaap |
Trading Securities Cost
TradingSecuritiesCost
|
50681000 | USD |
us-gaap |
Trading Securities Unrealized Holding Gain
TradingSecuritiesUnrealizedHoldingGain
|
678000 | USD | |
us-gaap |
Trading Securities Unrealized Holding Gain Loss
TradingSecuritiesUnrealizedHoldingGainLoss
|
539000 | USD | |
us-gaap |
Trading Securities Unrealized Holding Gain Loss
TradingSecuritiesUnrealizedHoldingGainLoss
|
-145000 | USD | |
us-gaap |
Trading Securities Unrealized Holding Loss
TradingSecuritiesUnrealizedHoldingLoss
|
35000 | USD | |
CY2017Q4 | us-gaap |
Treasury Stock Shares
TreasuryStockShares
|
1081240 | shares |
CY2018Q3 | us-gaap |
Treasury Stock Shares
TreasuryStockShares
|
1178199 | shares |
CY2017Q4 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
49788000 | USD |
CY2018Q3 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
55215000 | USD |
us-gaap |
Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
|
726000 | USD | |
CY2017Q3 | us-gaap |
Variable Interest Entity Activity Between Vie And Entity Revenues
VariableInterestEntityActivityBetweenVIEAndEntityRevenues
|
13200000 | USD |
us-gaap |
Variable Interest Entity Activity Between Vie And Entity Revenues
VariableInterestEntityActivityBetweenVIEAndEntityRevenues
|
39100000 | USD | |
CY2018Q3 | us-gaap |
Variable Interest Entity Activity Between Vie And Entity Revenues
VariableInterestEntityActivityBetweenVIEAndEntityRevenues
|
11700000 | USD |
us-gaap |
Variable Interest Entity Activity Between Vie And Entity Revenues
VariableInterestEntityActivityBetweenVIEAndEntityRevenues
|
36300000 | USD | |
CY2017Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
8420749 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
8350926 | shares | |
CY2018Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
8598230 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
8561918 | shares | |
CY2017Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
8171809 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
8136350 | shares | |
CY2018Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
8402697 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
8359088 | shares | |
CY2018Q3 | whg |
Additional Income Tax From Audit
AdditionalIncomeTaxFromAudit
|
251000 | USD |
whg |
Dividends Accrued
DividendsAccrued
|
8161000 | USD | |
whg |
Dividends Accrued
DividendsAccrued
|
8644000 | USD | |
CY2017Q4 | whg |
Dividends Payable Non Current
DividendsPayableNonCurrent
|
1717000 | USD |
CY2018Q3 | whg |
Dividends Payable Non Current
DividendsPayableNonCurrent
|
1349000 | USD |
CY2017Q3 | whg |
Economic Earnings Losses
EconomicEarningsLosses
|
8990000 | USD |
whg |
Economic Earnings Losses
EconomicEarningsLosses
|
31308000 | USD | |
CY2018Q3 | whg |
Economic Earnings Losses
EconomicEarningsLosses
|
9541000 | USD |
whg |
Economic Earnings Losses
EconomicEarningsLosses
|
34428000 | USD | |
whg |
Gainonsaleofoperations
Gainonsaleofoperations
|
0 | USD | |
whg |
Gainonsaleofoperations
Gainonsaleofoperations
|
524000 | USD | |
whg |
Increasedecreaseinaccruedlitigationliability
Increasedecreaseinaccruedlitigationliability
|
8018000 | USD | |
whg |
Increasedecreaseinaccruedlitigationliability
Increasedecreaseinaccruedlitigationliability
|
0 | USD | |
CY2017Q3 | whg |
Incremental Common Shares Attributable To Nonvested Restricted Shares
IncrementalCommonSharesAttributableToNonvestedRestrictedShares
|
248940 | shares |
whg |
Incremental Common Shares Attributable To Nonvested Restricted Shares
IncrementalCommonSharesAttributableToNonvestedRestrictedShares
|
214576 | shares | |
CY2018Q3 | whg |
Incremental Common Shares Attributable To Nonvested Restricted Shares
IncrementalCommonSharesAttributableToNonvestedRestrictedShares
|
195533 | shares |
whg |
Incremental Common Shares Attributable To Nonvested Restricted Shares
IncrementalCommonSharesAttributableToNonvestedRestrictedShares
|
202830 | shares | |
whg |
Intangible Assetsreductionfromdivestiture
IntangibleAssetsreductionfromdivestiture
|
2170000 | USD | |
CY2017Q3 | whg |
Investment Income And Loss
InvestmentIncomeAndLoss
|
300000 | USD |
whg |
Investment Income And Loss
InvestmentIncomeAndLoss
|
1265000 | USD | |
CY2018Q3 | whg |
Investment Income And Loss
InvestmentIncomeAndLoss
|
640000 | USD |
whg |
Investment Income And Loss
InvestmentIncomeAndLoss
|
953000 | USD | |
CY2017Q3 | whg |
Mutual Fund Administration And Distribution
MutualFundAdministrationAndDistribution
|
977000 | USD |
whg |
Mutual Fund Administration And Distribution
MutualFundAdministrationAndDistribution
|
2749000 | USD | |
CY2018Q3 | whg |
Mutual Fund Administration And Distribution
MutualFundAdministrationAndDistribution
|
979000 | USD |
whg |
Mutual Fund Administration And Distribution
MutualFundAdministrationAndDistribution
|
2966000 | USD | |
CY2017Q4 | whg |
Mutual Fund Incentive Award Liability
MutualFundIncentiveAwardLiability
|
1800000 | USD |
CY2018Q3 | whg |
Mutual Fund Incentive Award Liability
MutualFundIncentiveAwardLiability
|
606000 | USD |
CY2017Q3 | whg |
Net Intersegment Revenues
NetIntersegmentRevenues
|
0 | USD |
whg |
Net Intersegment Revenues
NetIntersegmentRevenues
|
0 | USD | |
CY2018Q3 | whg |
Net Intersegment Revenues
NetIntersegmentRevenues
|
0 | USD |
whg |
Net Intersegment Revenues
NetIntersegmentRevenues
|
0 | USD | |
whg |
Paymentfor Repurchasesof Stockfor Benefit Plan
PaymentforRepurchasesofStockforBenefitPlan
|
1326000 | USD | |
whg |
Paymentfor Repurchasesof Stockfor Benefit Plan
PaymentforRepurchasesofStockforBenefitPlan
|
726000 | USD | |
whg |
Percentage Of Defense Costs Covered By Insurance
PercentageOfDefenseCostsCoveredByInsurance
|
0.50 | ||
CY2018Q3 | whg |
Private Equity Investment Commitment
PrivateEquityInvestmentCommitment
|
5000000 | USD |
CY2018Q3 | whg |
Private Equity Investment Purchase
PrivateEquityInvestmentPurchase
|
425000 | USD |
CY2018Q3 | whg |
Quarterly Dividend Rate Increase
QuarterlyDividendRateIncrease
|
0 | Rate |
CY2017Q3 | whg |
Trust Fees
TrustFees
|
7858000 | USD |
whg |
Trust Fees
TrustFees
|
23570000 | USD | |
CY2018Q3 | whg |
Trust Fees
TrustFees
|
7191000 | USD |
whg |
Trust Fees
TrustFees
|
22265000 | USD | |
us-gaap |
Nature Of Operations
NatureOfOperations
|
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:24px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">DESCRIPTION OF THE BUSINESS </font></div><div style="line-height:120%;padding-top:12px;text-align:left;text-indent:37px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Westwood Holdings Group, Inc. (“Westwood”, the “Company”, “we”, “us” or “our”) was incorporated under the laws of the State of Delaware on </font><font style="font-family:inherit;font-size:10pt;">December 12, 2001</font><font style="font-family:inherit;font-size:10pt;">. Westwood provides investment management services to institutional investors, private wealth clients and financial intermediaries through its subsidiaries, Westwood Management Corp. and Westwood Advisors, L.L.C. (together “Westwood Management”), Westwood Trust, and Westwood International Advisors Inc. (“Westwood International”). Revenue is largely dependent on the total value and composition of assets under management (“AUM”). Accordingly, fluctuations in financial markets and in the composition of AUM impact revenues and results of operations. </font></div><div style="line-height:120%;padding-top:12px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Divestiture of our Omaha Operations</font></div><div style="line-height:120%;padding-top:12px;text-align:left;text-indent:37px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On September 6, 2017, we entered into an agreement to sell the Omaha-based component of our Private Wealth business. The sale closed on January 12, 2018. We received proceeds of </font><font style="font-family:inherit;font-size:10pt;font-style:normal;">$10.0 million</font><font style="font-family:inherit;font-size:10pt;">, net of working capital requirements, and recorded a </font><font style="font-family:inherit;font-size:10pt;">$524,000</font><font style="font-family:inherit;font-size:10pt;"> gain on the sale, which is included as “Gain on sale of operations” on our Consolidated Statements of Comprehensive Income. The sale reduced goodwill and intangible assets but did not have a material impact on our Condensed Consolidated Balance Sheet. The following table presents cash proceeds received and net assets sold (in thousands):</font></div><div style="line-height:120%;padding-top:12px;text-align:center;text-indent:37px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:54.32098765432099%;border-collapse:collapse;text-align:left;"><tr><td colspan="4" rowspan="1"></td></tr><tr><td style="width:66%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:32%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Cash Proceeds</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">10,013</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Net assets sold:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Accounts receivable</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">99</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other current assets</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">112</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Goodwill</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">7,340</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Intangible assets, net</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,170</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Property and equipment, net</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">18</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Accounts payable and accrued liabilities</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(241</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other liabilities</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(9</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Gain on sale of operations</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">524</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-top:12px;text-align:left;text-indent:37px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The component is reported within both our Advisory and Trust segments. The sale did not represent a major strategic shift in our business and did not qualify for discontinued operations reporting.</font></div></div> |