2018 Q4 Form 10-K Financial Statement

#000161764020000015 Filed on February 19, 2020

View on sec.gov

Income Statement

Concept 2018 Q4 2017 Q4 2017
Revenue $365.3M $282.3M $1.077B
YoY Change 29.4% 24.03% 27.19%
Cost Of Revenue $67.50M $22.60M $85.20M
YoY Change 198.67% 14.72% 23.02%
Gross Profit $297.9M $259.8M $991.6M
YoY Change 14.67% 24.96% 27.56%
Gross Profit Margin 81.55% 92.03% 92.09%
Selling, General & Admin $213.6M $161.7M $659.0M
YoY Change 32.1% 21.95% -7.76%
% of Gross Profit 71.7% 62.24% 66.46%
Research & Development $93.60M $50.70M $320.0M
YoY Change 84.62% -29.68% 25.2%
% of Gross Profit 31.42% 19.52% 32.27%
Depreciation & Amortization $23.10M $28.60M $110.2M
YoY Change -19.23% 11.28% 9.51%
% of Gross Profit 7.75% 11.01% 11.11%
Operating Expenses $324.8M $246.9M $979.0M
YoY Change 31.55% 20.62% 0.93%
Operating Profit -$26.90M $12.90M -$161.9M
YoY Change -308.53% 303.13% -16.06%
Interest Expense -$14.30M -$7.000M -$27.50M
YoY Change 104.29% 159.26% 271.62%
% of Operating Profit -54.26%
Other Income/Expense, Net $6.000M $1.400M $5.400M
YoY Change 328.57% 100.0% 100.0%
Pretax Income -$106.1M -$166.8M -$184.0M
YoY Change -36.39% 658.18% -16.48%
Income Tax -$8.400M -$66.00M -$89.59M
% Of Pretax Income
Net Earnings -$97.70M -$77.20M -$94.42M
YoY Change 26.55% 228.51% -57.17%
Net Earnings / Revenue -26.75% -27.35% -8.77%
Basic Earnings Per Share
Diluted Earnings Per Share -$473.8K -$407.4K -$506.2K
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2018 Q4 2017 Q4 2017
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.555B $762.5M $762.5M
YoY Change 103.91% 50.25% 50.54%
Cash & Equivalents $651.1M $352.1M $352.1M
Short-Term Investments $903.9M $410.4M $410.4M
Other Short-Term Assets $73.50M $24.60M $24.60M
YoY Change 198.78% -29.31% -29.31%
Inventory $162.8M
Prepaid Expenses
Receivables $66.08M $54.40M $46.00M
Other Receivables $45.20M $8.400M $8.400M
Total Short-Term Assets $1.893B $841.5M $841.5M
YoY Change 124.91% 44.38% 44.64%
LONG-TERM ASSETS
Property, Plant & Equipment $135.2M $112.3M $112.3M
YoY Change 20.4% 14.23% 14.24%
Goodwill $1.985B $1.931B
YoY Change 2.79% 0.39%
Intangibles $215.9M $319.7M
YoY Change -32.47% -39.39%
Long-Term Investments
YoY Change
Other Assets $16.62M $25.93M $25.90M
YoY Change -35.93% 47.47% 39.25%
Total Long-Term Assets $2.398B $2.389B $2.389B
YoY Change 0.39% -6.93% -6.97%
TOTAL ASSETS
Total Short-Term Assets $1.893B $841.5M $841.5M
Total Long-Term Assets $2.398B $2.389B $2.389B
Total Assets $4.291B $3.231B $3.231B
YoY Change 32.83% 2.57% 2.57%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $7.471M $3.587M $3.600M
YoY Change 108.28% -15.74% -16.28%
Accrued Expenses $63.10M $61.37M $80.50M
YoY Change 2.82% 59.71% 28.8%
Deferred Revenue $34.08M $31.92M
YoY Change 6.77%
Short-Term Debt $149.7M $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $287.5M $118.4M $118.4M
YoY Change 142.85% 21.74% 21.81%
LONG-TERM LIABILITIES
Long-Term Debt $699.0M $385.4M $385.4M
YoY Change 81.37% 4.9% 4.9%
Other Long-Term Liabilities $19.90M $21.30M $21.30M
YoY Change -6.57% 39.22% 39.22%
Total Long-Term Liabilities $699.0M $385.4M $406.7M
YoY Change 81.37% 4.9% 6.27%
TOTAL LIABILITIES
Total Short-Term Liabilities $287.5M $118.4M $118.4M
Total Long-Term Liabilities $699.0M $385.4M $406.7M
Total Liabilities $1.024B $569.7M $569.7M
YoY Change 79.73% -7.53% -7.53%
SHAREHOLDERS EQUITY
Retained Earnings -$671.8M -$592.2M
YoY Change 13.43% 19.15%
Common Stock $3.940B $3.254B
YoY Change 21.07% 7.37%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.267B $2.661B $2.661B
YoY Change
Total Liabilities & Shareholders Equity $4.291B $3.231B $3.231B
YoY Change 32.83% 2.57% 2.57%

Cashflow Statement

Concept 2018 Q4 2017 Q4 2017
OPERATING ACTIVITIES
Net Income -$97.70M -$77.20M -$94.42M
YoY Change 26.55% 228.51% -57.17%
Depreciation, Depletion And Amortization $23.10M $28.60M $110.2M
YoY Change -19.23% 11.28% 9.51%
Cash From Operating Activities -$98.60M $81.30M $258.2M
YoY Change -221.28% 108.46% 2886.59%
INVESTING ACTIVITIES
Capital Expenditures -$25.80M -$17.60M $66.73M
YoY Change 46.59% -2.76% 7.52%
Acquisitions $11.53M
YoY Change -29.33%
Other Investing Activities $45.10M -$49.50M -$168.8M
YoY Change -191.11% 152.55% -2913.33%
Cash From Investing Activities $19.20M -$67.20M -$247.4M
YoY Change -128.57% 77.78% 276.44%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 95.90M 18.00M $97.71M
YoY Change 432.78% -65.05% 36.6%
NET CHANGE
Cash From Operating Activities -98.60M 81.30M $258.2M
Cash From Investing Activities 19.20M -67.20M -$247.4M
Cash From Financing Activities 95.90M 18.00M $97.71M
Net Change In Cash 16.50M 32.10M $108.5M
YoY Change -48.6% -39.09% 650.68%
FREE CASH FLOW
Cash From Operating Activities -$98.60M $81.30M $258.2M
Capital Expenditures -$25.80M -$17.60M $66.73M
Free Cash Flow -$72.80M $98.90M $191.5M
YoY Change -173.61% 73.2% -458.44%

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CY2018 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
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CY2018 us-gaap Stock Issued During Period Value New Issues
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CY2018 z Adjustments To Additional Paid In Capital Equity Component Of Convertible Debt Issuance Costs
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CY2018 us-gaap Net Income Loss
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CY2018 us-gaap Other Comprehensive Income Loss Net Of Tax
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195000 USD
CY2018Q4 us-gaap Stockholders Equity
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CY2019 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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210849000 USD
CY2019 z Adjustments To Additional Paid In Capital Premiums Paid For Capped Call Confirmations
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159677000 USD
CY2019 z Adjustments To Additional Paid In Capital Equity Component Of Convertible Debt Issuance Costs
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355724000 USD
CY2019 us-gaap Net Income Loss
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CY2019 us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2019Q4 us-gaap Stockholders Equity
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3435421000 USD
CY2019 us-gaap Net Income Loss
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CY2018 us-gaap Net Income Loss
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CY2017 us-gaap Net Income Loss
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CY2019 us-gaap Depreciation Depletion And Amortization
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87467000 USD
CY2018 us-gaap Depreciation Depletion And Amortization
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99391000 USD
CY2017 us-gaap Depreciation Depletion And Amortization
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110155000 USD
CY2019 us-gaap Share Based Compensation
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198902000 USD
CY2018 us-gaap Share Based Compensation
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149084000 USD
CY2017 us-gaap Share Based Compensation
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113571000 USD
CY2019 z Operating Lease Rightof Use Asset Amortization
OperatingLeaseRightofUseAssetAmortization
23142000 USD
CY2019 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
35323000 USD
CY2018 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
36013000 USD
CY2017 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
0 USD
CY2019 us-gaap Amortization Of Financing Costs And Discounts
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52097000 USD
CY2018 us-gaap Amortization Of Financing Costs And Discounts
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26672000 USD
CY2017 us-gaap Amortization Of Financing Costs And Discounts
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18012000 USD
CY2019 us-gaap Equity Securities Without Readily Determinable Fair Value Impairment Loss Annual Amount
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0 USD
CY2018 us-gaap Equity Securities Without Readily Determinable Fair Value Impairment Loss Annual Amount
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79000000 USD
CY2017 us-gaap Equity Securities Without Readily Determinable Fair Value Impairment Loss Annual Amount
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174000000 USD
CY2019 us-gaap Deferred Income Taxes And Tax Credits
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-4258000 USD
CY2018 us-gaap Deferred Income Taxes And Tax Credits
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-31102000 USD
CY2017 us-gaap Deferred Income Taxes And Tax Credits
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CY2018 us-gaap Gain Loss On Disposition Of Assets
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CY2017 us-gaap Gain Loss On Disposition Of Assets
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CY2019 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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978000 USD
CY2019 us-gaap Provision For Doubtful Accounts
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2772000 USD
CY2018 us-gaap Provision For Doubtful Accounts
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869000 USD
CY2017 us-gaap Provision For Doubtful Accounts
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CY2019 z Increase Decrease In Amortization Of Deferred Rent
IncreaseDecreaseInAmortizationOfDeferredRent
0 USD
CY2018 z Increase Decrease In Amortization Of Deferred Rent
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CY2017 z Increase Decrease In Amortization Of Deferred Rent
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CY2018 us-gaap Accretion Amortization Of Discounts And Premiums Investments
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CY2017 us-gaap Accretion Amortization Of Discounts And Premiums Investments
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CY2018 us-gaap Increase Decrease In Accounts Receivable
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12556000 USD
CY2017 us-gaap Increase Decrease In Accounts Receivable
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CY2019 us-gaap Increase Decrease In Mortgage Loans Held For Sale
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1098000 USD
CY2018 us-gaap Increase Decrease In Mortgage Loans Held For Sale
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1161000 USD
CY2017 us-gaap Increase Decrease In Mortgage Loans Held For Sale
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0 USD
CY2019 us-gaap Increase Decrease In Inventories
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673798000 USD
CY2018 us-gaap Increase Decrease In Inventories
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162829000 USD
CY2018 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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CY2017 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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CY2019 z Increase Decreasein Operating Lease Liability
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-18940000 USD
CY2019 z Increase Decreasein Capitalized Contract Cost
IncreaseDecreaseinCapitalizedContractCost
34713000 USD
CY2018 z Increase Decreasein Capitalized Contract Cost
IncreaseDecreaseinCapitalizedContractCost
41510000 USD
CY2017 z Increase Decreasein Capitalized Contract Cost
IncreaseDecreaseinCapitalizedContractCost
0 USD
CY2019 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-496000 USD
CY2018 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
1311000 USD
CY2017 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-373000 USD
CY2019 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
19573000 USD
CY2018 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
1920000 USD
CY2017 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
19000000 USD
CY2019 us-gaap Increase Decrease In Employee Related Liabilities
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6417000 USD
CY2018 us-gaap Increase Decrease In Employee Related Liabilities
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11291000 USD
CY2017 us-gaap Increase Decrease In Employee Related Liabilities
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-4948000 USD
CY2019 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
5667000 USD
CY2018 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
2162000 USD
CY2017 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
2633000 USD
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CY2018 us-gaap Increase Decrease In Other Noncurrent Liabilities
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1962000 USD
CY2017 us-gaap Increase Decrease In Other Noncurrent Liabilities
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0 USD
CY2019 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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CY2018 us-gaap Net Cash Provided By Used In Operating Activities
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3850000 USD
CY2017 us-gaap Net Cash Provided By Used In Operating Activities
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258191000 USD
CY2019 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
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1126058000 USD
CY2018 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
399228000 USD
CY2017 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
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259227000 USD
CY2019 us-gaap Payments To Acquire Available For Sale Securities Debt
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CY2018 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
901761000 USD
CY2017 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
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CY2019 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
0 USD
CY2018 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
13567000 USD
CY2017 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
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0 USD
CY2019 us-gaap Payments To Acquire Property Plant And Equipment
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67044000 USD
CY2018 us-gaap Payments To Acquire Property Plant And Equipment
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66054000 USD
CY2017 us-gaap Payments To Acquire Property Plant And Equipment
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66728000 USD
CY2019 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
19591000 USD
CY2018 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
12481000 USD
CY2017 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
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CY2017 us-gaap Payments To Acquire Available For Sale Securities Equity
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10000000 USD
CY2019 us-gaap Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
0 USD
CY2018 us-gaap Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
0 USD
CY2017 us-gaap Proceeds From Divestiture Of Businesses
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579000 USD
CY2019 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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0 USD
CY2018 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
55138000 USD
CY2017 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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11533000 USD
CY2019 us-gaap Net Cash Provided By Used In Investing Activities
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CY2018 us-gaap Net Cash Provided By Used In Investing Activities
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CY2017 us-gaap Net Cash Provided By Used In Investing Activities
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CY2017 us-gaap Proceeds From Issuance Of Common Stock
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0 USD
CY2019 us-gaap Proceeds From Convertible Debt
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CY2018 us-gaap Proceeds From Convertible Debt
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CY2017 us-gaap Proceeds From Convertible Debt
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0 USD
CY2019 us-gaap Payments For Derivative Instrument Financing Activities
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CY2018 us-gaap Payments For Derivative Instrument Financing Activities
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29414000 USD
CY2017 us-gaap Payments For Derivative Instrument Financing Activities
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0 USD
CY2019 us-gaap Proceeds From Issuance Of Common Stock
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0 USD
CY2018 us-gaap Proceeds From Issuance Of Common Stock
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360345000 USD
CY2019 us-gaap Proceeds From Lines Of Credit
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688489000 USD
CY2018 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
116700000 USD
CY2017 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
0 USD
CY2019 us-gaap Repayments Of Lines Of Credit
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113665000 USD
CY2018 us-gaap Repayments Of Lines Of Credit
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0 USD
CY2017 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
0 USD
CY2019 z Proceeds From Repayments Of On Warehouse Lines Of Credit And Repurchase Agreement
ProceedsFromRepaymentsOfOnWarehouseLinesOfCreditAndRepurchaseAgreement
-2590000 USD
CY2018 z Proceeds From Repayments Of On Warehouse Lines Of Credit And Repurchase Agreement
ProceedsFromRepaymentsOfOnWarehouseLinesOfCreditAndRepurchaseAgreement
482000 USD
CY2017 z Proceeds From Repayments Of On Warehouse Lines Of Credit And Repurchase Agreement
ProceedsFromRepaymentsOfOnWarehouseLinesOfCreditAndRepurchaseAgreement
0 USD
CY2019 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
65465000 USD
CY2018 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
120074000 USD
CY2017 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
98071000 USD
CY2019 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
3000 USD
CY2018 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
70000 USD
CY2017 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
365000 USD
CY2019 us-gaap Payments Of Merger Related Costs Financing Activities
PaymentsOfMergerRelatedCostsFinancingActivities
0 USD
CY2018 us-gaap Payments Of Merger Related Costs Financing Activities
PaymentsOfMergerRelatedCostsFinancingActivities
2000000 USD
CY2017 us-gaap Payments Of Merger Related Costs Financing Activities
PaymentsOfMergerRelatedCostsFinancingActivities
0 USD
CY2019 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1635694000 USD
CY2018 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
930137000 USD
CY2017 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
97706000 USD
CY2019 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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567466000 USD
CY2018 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
311348000 USD
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
352095000 USD
CY2018 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
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8590000 USD
CY2017 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
108503000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
663443000 USD
CY2016Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
243592000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1230909000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
663443000 USD
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
352095000 USD
CY2019 us-gaap Interest Paid Net
InterestPaidNet
42156000 USD
CY2018 us-gaap Interest Paid Net
InterestPaidNet
15473000 USD
CY2017 us-gaap Interest Paid Net
InterestPaidNet
9198000 USD
CY2019 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
11947000 USD
CY2017 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
11236000 USD
CY2019 us-gaap Production Related Impairments Or Charges
ProductionRelatedImpairmentsOrCharges
36159000 USD
CY2018 us-gaap Production Related Impairments Or Charges
ProductionRelatedImpairmentsOrCharges
22364000 USD
CY2017 us-gaap Production Related Impairments Or Charges
ProductionRelatedImpairmentsOrCharges
15004000 USD
CY2019 z Write Off Of Fully Amortized Intangible Assets
WriteOffOfFullyAmortizedIntangibleAssets
9999000 USD
CY2018 z Write Off Of Fully Amortized Intangible Assets
WriteOffOfFullyAmortizedIntangibleAssets
12999000 USD
CY2017 z Write Off Of Fully Amortized Intangible Assets
WriteOffOfFullyAmortizedIntangibleAssets
5473000 USD
CY2019 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
8775000 USD
CY2018 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
3844000 USD
CY2017 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
4268000 USD
CY2019 us-gaap Use Of Estimates
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<div style="margin-top:6pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%;">Use of Estimates</span></div><div style="text-indent:22.5pt;margin-top:6pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">The preparation of financial statements in conformity with GAAP requires management to make certain estimates, judgments and assumptions that affect the reported amounts of assets and liabilities and the related disclosures at the date of the financial statements, as well as the reported amounts of revenue and expenses during the periods presented. On an ongoing basis, we evaluate our estimates, including those related to the net realizable value of inventory, amortization period and recoverability of contract cost assets, website and software development costs, recoverability of long-lived assets and intangible assets with definite lives, share-based compensation, income taxes, business combinations and the recoverability of goodwill and indefinite-lived intangible assets, among others. To the extent there are material differences between these estimates, judgments or assumptions and actual results, our financial statements will be affected.</span></div>
CY2019 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="margin-top:6pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%;">Concentrations of Credit Risk</span></div><div style="text-indent:24.75pt;margin-top:4.5pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">Financial instruments, which potentially subject us to concentrations of credit risk, consist primarily of cash and cash equivalents, investments, accounts receivable and mortgage loans held for sale. We place cash and cash equivalents and investments with major financial institutions, which management assesses to be of high credit quality, in order to limit exposure of our investments. </span></div><div style="text-indent:24.75pt;margin-top:12pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">Credit risk with respect to accounts receivable is dispersed due to the large number of customers. There were no customers that comprised 10% or more of our total accounts receivable as of December 31, 2019 and 2018. Further, our credit risk on accounts receivable is mitigated by the relatively short payment terms that we offer. Collateral is not required for accounts receivable. We maintain an allowance for doubtful accounts such that receivables are stated at net realizable value. </span></div><div style="text-indent:24.75pt;margin-top:12pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">Similarly, our credit risk on mortgage loans held for sale is dispersed due to a large number of customers. Further, our credit risk on mortgage loans held for sale is mitigated by the fact that we typically sell mortgages on the secondary market within a relatively short period of time after the loan is originated.</span></div>
CY2019 us-gaap Impairment Of Investments
ImpairmentOfInvestments
0 USD
CY2018 us-gaap Impairment Of Investments
ImpairmentOfInvestments
0 USD
CY2019 z Inventory Real Estate Holding Costs
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22600000 USD
CY2018 z Inventory Real Estate Holding Costs
InventoryRealEstateHoldingCosts
1900000 USD
CY2019 us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
0 USD
CY2019 us-gaap Advertising Expense
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185200000 USD
CY2018 us-gaap Advertising Expense
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193500000 USD
CY2017 us-gaap Advertising Expense
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166500000 USD
CY2019Q4 us-gaap Mortgages Held For Sale Fair Value Disclosure
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36507000 USD
CY2019Q4 us-gaap Assets Fair Value Disclosure
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2264688000 USD
CY2018Q4 us-gaap Mortgages Held For Sale Fair Value Disclosure
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35409000 USD
CY2018Q4 us-gaap Assets Fair Value Disclosure
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1485572000 USD
CY2019Q4 us-gaap Restricted Cash
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89646000 USD
CY2019Q4 us-gaap Restricted Cash
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89646000 USD
CY2019Q4 z Cash Cash Equivalents And Shortterm Investments Amortized Cost
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2511492000 USD
CY2019Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
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526000 USD
CY2019Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
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120000 USD
CY2019Q4 us-gaap Cash Cash Equivalents And Short Term Investments
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2511898000 USD
CY2018Q4 us-gaap Restricted Cash
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12385000 USD
CY2018Q4 us-gaap Restricted Cash
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12385000 USD
CY2018Q4 z Cash Cash Equivalents And Shortterm Investments Amortized Cost
CashCashEquivalentsAndShorttermInvestmentsAmortizedCost
1568280000 USD
CY2018Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
76000 USD
CY2018Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
1046000 USD
CY2018Q4 us-gaap Cash Cash Equivalents And Short Term Investments
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1567310000 USD
CY2019Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Amortized Cost
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1254763000 USD
CY2019Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
1255186000 USD
CY2019Q4 z Available For Sale Securities Debt Maturities After One Through Two Years Amortized Cost
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25818000 USD
CY2019Q4 z Available For Sale Securities Debt Maturities After One Through Two Years Fair Value
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25803000 USD
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1280581000 USD
CY2019Q4 us-gaap Available For Sale Securities Debt Securities
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61134000 USD
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CY2018Q4 us-gaap Unbilled Receivables Current
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4838000 USD
CY2017Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
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CY2016Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
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CY2019 us-gaap Provision For Doubtful Accounts
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CY2018 us-gaap Provision For Doubtful Accounts
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CY2017 us-gaap Provision For Doubtful Accounts
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CY2019 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
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CY2018 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
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CY2017 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
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CY2018Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
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CY2017Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
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CY2019Q4 z Future Amortization Expense Including Intangible Assets And Future Commitments
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CY2018 z Contractwith Customer Liability Revenue Deferred
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CY2019 z Contractwith Customer Liability Revenue Recognized Including Revenue Deferred During The Period
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CY2018 z Contractwith Customer Liability Revenue Recognized Including Revenue Deferred During The Period
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CY2018Q4 us-gaap Contract With Customer Liability Current
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P5Y
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104881000 USD
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21400000 USD
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36458000 USD
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CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due
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CY2019Q4 z Variable Interest Entity Consolidated Increase Amount To Inventory
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836600000 USD
CY2019Q4 z Variable Interest Entity Consolidation Increase Amount To Borrowings
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691500000 USD
CY2018Q4 z Variable Interest Entity Consolidated Increase Amount To Inventory
VariableInterestEntityConsolidatedIncreaseAmountToInventory
162800000 USD
CY2018Q4 z Variable Interest Entity Consolidation Increase Amount To Borrowings
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CY2019 us-gaap Income Tax Expense Benefit
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CY2018 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2018 z Tax Cuts And Jobs Act Income Tax Expense Benefit
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CY2017 us-gaap Income Tax Expense Benefit
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CY2017 z Tax Cuts And Jobs Act Incomplete Accounting Change In Tax Rate Deferred Tax Liability Provisional Income Tax Benefit
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CY2019 us-gaap Current State And Local Tax Expense Benefit
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304000 USD
CY2018 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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CY2019 us-gaap Current Foreign Tax Expense Benefit
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CY2018 us-gaap Current Foreign Tax Expense Benefit
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CY2018 us-gaap Current Income Tax Expense Benefit
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CY2017 us-gaap Current Income Tax Expense Benefit
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CY2019 us-gaap Deferred Federal Income Tax Expense Benefit
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CY2019 us-gaap Current Income Tax Expense Benefit
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CY2019 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2017 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2018 us-gaap Deferred Foreign Income Tax Expense Benefit
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CY2017 us-gaap Deferred Foreign Income Tax Expense Benefit
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CY2019 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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CY2018 us-gaap Deferred Income Tax Expense Benefit
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CY2018 us-gaap Income Tax Expense Benefit
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CY2017 us-gaap Income Tax Expense Benefit
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CY2019 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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CY2018 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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CY2017 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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CY2019 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
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0
CY2018 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
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0
CY2017 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
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CY2019 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
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0.009
CY2018 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
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0.165
CY2017 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
0.206
CY2019 z Effective Income Tax Rate Reconciliation Nondeductible Expense Covered Employee Compensation Percent
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0.011
CY2018 z Effective Income Tax Rate Reconciliation Nondeductible Expense Covered Employee Compensation Percent
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0.010
CY2017 z Effective Income Tax Rate Reconciliation Nondeductible Expense Covered Employee Compensation Percent
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CY2019 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
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CY2018 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
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CY2017 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
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CY2019 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Meals And Entertainment
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0.011
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0.018
CY2017 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Meals And Entertainment
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0
CY2019 us-gaap Effective Income Tax Rate Reconciliation Disposition Of Business
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0
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910000 USD
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910000 USD
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3000000 USD
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CY2018Q4 us-gaap Deferred Tax Assets Inventory
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3574000 USD
CY2019Q4 z Deferred Tax Assets Depreciation And Amortization
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CY2018Q4 z Deferred Tax Assets Depreciation And Amortization
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10792000 USD
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386832000 USD
CY2019Q4 us-gaap Deferred Tax Liabilities Deferred Expense Capitalized Software
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20681000 USD
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14685000 USD
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1951000 USD
CY2018Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Goodwill
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598000 USD
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38032000 USD
CY2018Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
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45035000 USD
CY2019Q4 z Deferred Tax Liabilities Operating Lease Right Of Use Asset
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52486000 USD
CY2019Q4 z Deferred Tax Liabilities Debt Discount Not Deductible For Tax
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108114000 USD
CY2018Q4 z Deferred Tax Liabilities Debt Discount Not Deductible For Tax
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31450000 USD
CY2019Q4 z Deferred Tax Liabilities Depreciation And Amortization
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888000 USD
CY2019Q4 us-gaap Deferred Income Tax Liabilities
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CY2018Q4 us-gaap Deferred Income Tax Liabilities
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CY2018Q4 z Deferred Tax Assets Liabilities Net Before Valuation Allowance
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CY2018Q4 us-gaap Deferred Tax Assets Valuation Allowance
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