2019 Q2 Form 10-Q Financial Statement
#000156459019018521 Filed on May 10, 2019
Income Statement
Concept | 2019 Q2 | 2019 Q1 | 2018 Q1 |
---|---|---|---|
Revenue | $7.628M | $3.026M | $1.422M |
YoY Change | 56.34% | 112.8% | 110.36% |
Cost Of Revenue | |||
YoY Change | |||
Gross Profit | |||
YoY Change | |||
Gross Profit Margin | |||
Selling, General & Admin | $11.64M | $10.90M | $8.000M |
YoY Change | 30.64% | 36.25% | 36.75% |
% of Gross Profit | |||
Research & Development | $41.61M | $40.11M | $29.20M |
YoY Change | 27.83% | 37.36% | 98.1% |
% of Gross Profit | |||
Depreciation & Amortization | $1.860M | $1.783M | $1.175M |
YoY Change | 51.22% | 51.74% | 273.02% |
% of Gross Profit | |||
Operating Expenses | $53.25M | $51.01M | $37.20M |
YoY Change | 28.45% | 37.15% | 80.66% |
Operating Profit | -$45.62M | -$47.99M | -$35.78M |
YoY Change | 24.73% | 34.14% | 77.04% |
Interest Expense | $1.540M | $1.420M | $7.000K |
YoY Change | 38400.0% | 20185.71% | 133.33% |
% of Operating Profit | |||
Other Income/Expense, Net | $2.130M | $3.788M | $706.0K |
YoY Change | 213.7% | 436.54% | 219.46% |
Pretax Income | -$41.94M | -$44.20M | -$35.07M |
YoY Change | 16.84% | 26.04% | 75.47% |
Income Tax | $0.00 | $0.00 | $172.0K |
% Of Pretax Income | |||
Net Earnings | -$41.94M | -$44.20M | -$35.24M |
YoY Change | 16.85% | 25.42% | 67.05% |
Net Earnings / Revenue | -549.84% | -1460.67% | -2478.27% |
Basic Earnings Per Share | |||
Diluted Earnings Per Share | -$1.224M | -$1.356M | -$1.262M |
COMMON SHARES | |||
Basic Shares Outstanding | 34.26M | 34.19M | 27.99M |
Diluted Shares Outstanding |
Balance Sheet
Concept | 2019 Q2 | 2019 Q1 | 2018 Q1 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $252.9M | $287.6M | $110.5M |
YoY Change | 4.76% | 160.27% | -14.67% |
Cash & Equivalents | $252.9M | $291.2M | $114.1M |
Short-Term Investments | |||
Other Short-Term Assets | $16.70M | $17.50M | $7.500M |
YoY Change | 49.11% | 133.33% | 127.27% |
Inventory | |||
Prepaid Expenses | |||
Receivables | $20.00M | $10.00M | |
Other Receivables | $0.00 | $0.00 | |
Total Short-Term Assets | $289.6M | $315.0M | $118.0M |
YoY Change | 8.18% | 167.04% | -11.17% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $38.36M | $59.30M | $28.78M |
YoY Change | 18.4% | 106.06% | 101.24% |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $8.700M | $6.300M | $3.700M |
YoY Change | 135.14% | 70.27% | -15.91% |
Total Long-Term Assets | $95.96M | $115.6M | $32.46M |
YoY Change | 11.49% | 256.13% | 73.58% |
TOTAL ASSETS | |||
Total Short-Term Assets | $289.6M | $315.0M | $118.0M |
Total Long-Term Assets | $95.96M | $115.6M | $32.46M |
Total Assets | $385.5M | $430.6M | $150.4M |
YoY Change | 9.0% | 186.3% | -0.73% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $11.46M | $14.60M | $8.000M |
YoY Change | 59.22% | 82.5% | 8.11% |
Accrued Expenses | $14.70M | $11.40M | $6.500M |
YoY Change | 72.94% | 75.38% | 71.05% |
Deferred Revenue | $97.96M | $105.9M | |
YoY Change | 258.92% | ||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | $0.00 | ||
YoY Change | -100.0% | ||
Total Short-Term Liabilities | $124.1M | $131.9M | $16.30M |
YoY Change | 183.3% | 709.06% | 15.6% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Other Long-Term Liabilities | $1.897M | $94.00M | $16.20M |
YoY Change | 23.74% | 480.25% | 29.6% |
Total Long-Term Liabilities | $93.37M | $94.00M | $16.20M |
YoY Change | -42.65% | 480.25% | 29.6% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $124.1M | $131.9M | $16.30M |
Total Long-Term Liabilities | $93.37M | $94.00M | $16.20M |
Total Liabilities | $217.4M | $225.9M | $32.50M |
YoY Change | 5.26% | 595.08% | 22.64% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$425.9M | ||
YoY Change | 61.19% | ||
Common Stock | $538.5M | ||
YoY Change | 44.32% | ||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $160.2M | $196.9M | $110.0M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $385.5M | $430.6M | $150.4M |
YoY Change | 8.99% | 186.3% | -0.73% |
Cashflow Statement
Concept | 2019 Q2 | 2019 Q1 | 2018 Q1 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$41.94M | -$44.20M | -$35.24M |
YoY Change | 16.85% | 25.42% | 67.05% |
Depreciation, Depletion And Amortization | $1.860M | $1.783M | $1.175M |
YoY Change | 51.22% | 51.74% | 273.02% |
Cash From Operating Activities | -$32.93M | -$50.38M | -$32.43M |
YoY Change | -146.12% | 55.37% | 86.14% |
INVESTING ACTIVITIES | |||
Capital Expenditures | -$1.600M | $508.0K | $1.164M |
YoY Change | -17.1% | -56.36% | -67.98% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | |||
YoY Change | |||
Cash From Investing Activities | -$1.600M | -$508.0K | -$1.164M |
YoY Change | -17.1% | -56.36% | -68.02% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | $162.1M | ||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | -160.0K | 163.5M | 1.537M |
YoY Change | -100.26% | 10540.6% | 708.95% |
NET CHANGE | |||
Cash From Operating Activities | -32.93M | -50.38M | -32.43M |
Cash From Investing Activities | -1.600M | -508.0K | -1.164M |
Cash From Financing Activities | -160.0K | 163.5M | 1.537M |
Net Change In Cash | -34.69M | 112.8M | -32.01M |
YoY Change | -126.47% | -452.25% | 53.85% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$32.93M | -$50.38M | -$32.43M |
Capital Expenditures | -$1.600M | $508.0K | $1.164M |
Free Cash Flow | -$31.33M | -$50.89M | -$33.59M |
YoY Change | -142.72% | 51.5% | 59.53% |
Facts In Submission
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---|---|---|---|---|
CY2018Q4 | us-gaap |
Deferred Rent Credit Noncurrent
DeferredRentCreditNoncurrent
|
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CY2018Q4 | us-gaap |
Contract With Customer Liability Noncurrent
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CY2019Q1 | us-gaap |
Operating Lease Liability Noncurrent
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|
31782000 | |
CY2019Q2 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
34260192 | |
CY2019Q1 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
10000000 | |
CY2019Q1 | us-gaap |
Accounts Receivable Net Noncurrent
AccountsReceivableNetNoncurrent
|
50000000 | |
CY2019Q1 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
19333000 | |
CY2018Q4 | us-gaap |
Restricted Cash And Cash Equivalents Noncurrent
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3625000 | |
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Other Assets
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111000 | |
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2142000 | |
CY2018Q4 | us-gaap |
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84677000 | |
CY2018Q4 | us-gaap |
Liabilities
Liabilities
|
214718000 | |
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Temporary Equity Carrying Amount Attributable To Parent
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Common Stock Value
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Additional Paid In Capital
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|
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Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
153000 | |
CY2018Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-339721000 | |
CY2018Q4 | us-gaap |
Stockholders Equity
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Liabilities And Stockholders Equity
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CY2018Q4 | us-gaap |
Temporary Equity Par Or Stated Value Per Share
TemporaryEquityParOrStatedValuePerShare
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Temporary Equity Shares Issued
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CY2018Q4 | us-gaap |
Temporary Equity Shares Outstanding
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Common Stock No Par Value
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Common Stock Shares Issued
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Common Stock Shares Outstanding
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General And Administrative Expense
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|
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Operating Expenses
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|
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Investment Income Dividend
InvestmentIncomeDividend
|
356000 | |
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Nonoperating Income Expense
NonoperatingIncomeExpense
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3788000 | |
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Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-44200000 | |
CY2018Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
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-35069000 | |
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Income Tax Expense Benefit
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|
172000 | |
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Net Income Loss
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|
-44200000 | |
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Net Cash Provided By Used In Financing Activities
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|
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Net Income Loss
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Earnings Per Share Basic And Diluted
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|
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Earnings Per Share Basic And Diluted
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|
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Weighted Average Number Of Share Outstanding Basic And Diluted
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Weighted Average Number Of Share Outstanding Basic And Diluted
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Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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Stock Issued During Period Value Share Based Compensation Gross
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|
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Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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Deferred Follow On Offering Costs In Accounts Payable And Accrued Expenses
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Stock Issued During Period Value Stock Options Exercised
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Stockholders Equity
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|
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Stock Issued During Period Value New Issues
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|
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Profit Loss
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-35241000 | |
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Depreciation
Depreciation
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1783000 | |
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Depreciation
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Straight Line Rent Adjustments
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Proceeds From Issuance Of Common Stock
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Repayments Of Long Term Capital Lease Obligations
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|
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CY2018Q1 | us-gaap |
Proceeds From Stock Options Exercised
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1553000 | |
CY2019Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
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|
163546000 | |
CY2018Q1 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-1000000 | |
CY2019Q1 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
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|
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CY2018Q1 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
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CY2019Q1 | us-gaap |
Increase Decrease In Other Noncurrent Assets
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|
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Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
|
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CY2019Q1 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
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CY2018Q1 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
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CY2019Q1 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
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|
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CY2018Q1 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
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|
-2541000 | |
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Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
|
-3026000 | |
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Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
|
-1422000 | |
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Increase Decrease In Operating Lease Liabilities
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|
-663000 | |
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Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
|
-103000 | |
CY2018Q1 | us-gaap |
Increase Decrease In Other Noncurrent Liabilities
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|
-14000 | |
CY2019Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
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|
-50381000 | |
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Net Cash Provided By Used In Operating Activities
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|
-32426000 | |
CY2019Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
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CY2018Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
1164000 | |
CY2019Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
|
6201000 | |
CY2019Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Five
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|
5236000 | |
CY2019Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due After Year Five
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|
20927000 | |
CY2019Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
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Operating Lease Cost
OperatingLeaseCost
|
1118000 | |
CY2019Q1 | us-gaap |
Lease Cost
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CY2019Q1 | us-gaap |
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1400000 | |
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Operating Lease Weighted Average Remaining Lease Term1
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CY2019Q1 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.085 | |
CY2019Q1 | us-gaap |
Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
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|
4275000 | |
CY2019Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
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|
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Lessee Operating Lease Liability Payments Due Year Three
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|
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CY2019Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due
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48506000 | |
CY2019Q1 | us-gaap |
Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
|
13805000 | |
CY2019Q1 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
34701000 | |
CY2019Q1 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
35400000 | |
CY2019Q1 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
19700000 |