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10-K | 0001445305-18-000054 | 20180222162404 | 20171231 | WORKIVA INC | Advertising costs are charged to sales and marketing expense as incurred. Advertising expense totaled $2.7 million, $2.7 million and $2.8 million for the years ended December 31, 2017, 2016 and 2015, respectively. | [
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10-K | 0001445305-18-000054 | 20180222162404 | 20171231 | WORKIVA INC | Accumulated amortization of patents as of December 31, 2017 and 2016 was approximately $218,000 and $127,000, respectively. Future amortization expense for legally approved patents is estimated at $94,000 per year through 2022 and approximately $211,000 thereafter. | [
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10-K | 0001445305-18-000054 | 20180222162404 | 20171231 | WORKIVA INC | In addition, ASU 2014-09 requires that all incremental costs of obtaining a contract with a customer be recognized as an asset. The guidance also requires that these costs be deferred over a term that is consistent with the transfer of services related to the asset. Based on our preliminary analysis, we believe this term will be approximately three years compared to one year or less under current guidance. We elected to apply this guidance to the incremental costs related to open contracts as of January 1, 2018. We expect to record a $5.3 million adjustment to the opening balance of our accumulated deficit to capitalize additional costs of obtaining a contract as of January 1, 2018. | [
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10-K | 0001445305-18-000054 | 20180222162404 | 20171231 | WORKIVA INC | We lease certain office and residential space under non-cancelable operating leases with various lease terms through June 2043. Rent expense for the years ended December 31, 2017, 2016 and 2015 was $4.7 million, $3.9 million and $3.7 million, respectively. | [
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10-K | 0001445305-18-000054 | 20180222162404 | 20171231 | WORKIVA INC | In January 2018, we signed a new lease for approximately 30,000 square feet that will replace our existing offices in Denver and Boulder. The aggregate annual payments under the new lease will be approximately $1.0 million and are subject to annual increases over the lease term, which expires in February 2029. | [
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10-K | 0001445305-18-000054 | 20180222162404 | 20171231 | WORKIVA INC | We lease computer equipment under capital lease agreements that expire through September 2018. The total amount financed under these capital leases was $0.5 million during the year ended December 31, 2015. No new assets were financed under capital leases during the years ended December 31, 2017 and 2016. | [
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10-K | 0001445305-18-000054 | 20180222162404 | 20171231 | WORKIVA INC | We entered into a lease agreement for land and an office building in Ames, Iowa, which was constructed in two phases. As part of the lease agreement, the landlord was responsible for constructing the building in accordance with our specifications and agreed to fund $11.8 million for the first phase and $11.1 million for the second phase of construction. We were the developer of the project and responsible for construction costs in excess of these amounts. As a result of this involvement, we were deemed the “owner” for accounting purposes during the construction period and were required to capitalize the construction costs associated with the office building. Upon completion of each phase of the project, we performed a sale-leaseback analysis pursuant to ASC 840, | [
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10-K | 0001445305-18-000054 | 20180222162404 | 20171231 | WORKIVA INC | , to determine if the building could be removed from the balance sheet. We determined there was continuing involvement, which precluded derecognition of the building. The construction liability of $11.8 million was reclassified to a financing obligation, and $17.1 million of costs capitalized during construction was placed in service during June 2013 for the initial phase. Upon completion of the second phase of the project, the construction liability of $11.1 million was reclassified to a financing obligation, and $19.9 million of costs capitalized during construction was placed in service during 2014. | [
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10-K | 0001445305-18-000054 | 20180222162404 | 20171231 | WORKIVA INC | Since 2009, we have participated in a program with a local area community college, enlisted by the state of Iowa, that provides reimbursement of training dollars spent on employees hired in Iowa. The community college funds training through the sale of certificates for the amount of anticipated training expenses to be incurred and an estimate of the costs to administer the program. At each payroll date, the state allows us to divert a specified portion of employee state income tax withholdings for the qualified employees to the community college. The community college uses the funds to pay for the program and principal and interest on the certificates. In the event that the funds generated from withholding taxes are insufficient to pay the principal and interest on the certificates, we would be liable for any shortfall. To date, we have entered into five agreements under this program. In addition, we have been reimbursed for training costs incurred for a total of 410 employees. | [
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10-K | 0001445305-18-000054 | 20180222162404 | 20171231 | WORKIVA INC | During the years ended December 31, 2017, 2016 and 2015, we were reimbursed $52,000, $83,000 and $0, respectively. We have concluded that the realization of these amounts is contingent on continuing employment levels. Therefore, in accordance with ASC 450, the amounts received are recorded on the balance sheet as a liability until all contingencies have been resolved. We release the liability to “Other income, net” on our statement of operations once the amounts diverted and paid to the community college have reduced the total principal and interest due on the certificates to a level below the amounts reimbursed to date. The amount recognized in other income is measured as the excess of the reimbursements received as of each balance sheet date over the total principal and interest due on the certificates, net of amounts diverted. To the extent we have not diverted amounts sufficient to reduce the principal and interest on the certificates to a level below the reimbursements received for each of the programs, there is no benefit recorded in the statement of operations. | [
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10-K | 0001445305-18-000054 | 20180222162404 | 20171231 | WORKIVA INC | During the years ended December 31, 2017, 2016 and 2015, the total benefit recorded on the statement of operations was $1.6 million, $1.0 million and $744,000, respectively. At December 31, 2017 and 2016, there was $261,000 and $1.8 million included in “Deferred government grant obligation” on the consolidated balance sheet, respectively. The deferred liability is classified as current or non-current based on the estimated timing of when the amounts will be recorded as income. At December 31, 2017 and 2016, there was $217,000 and $1.0 million classified as a current liability, respectively. | [
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10-K | 0001445305-18-000054 | 20180222162404 | 20171231 | WORKIVA INC | In February 2011, we received financing from the Iowa Economic Development Authority (IEDA) that provided for a grant in the form of a forgivable loan totaling $2.3 million. In December 2015, after completing the project close out procedures, IEDA determined that 10 of the 251 positions originally hired under this grant did not meet minimum wage requirements resulting in a repayment of $88,000. The remaining balance under the forgivable loan portion of this government grant of $2.2 million was recognized during the fourth quarter of 2015, with $608,000 recorded as a reduction of our property and equipment and $1.6 million included in “Other income, net” on the consolidated statement of operations. At December 31, 2017 and 2016, there were no amounts outstanding related to the forgivable loan included in “Deferred government grant obligation” on the consolidated balance sheet. | [
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10-K | 0001445305-18-000054 | 20180222162404 | 20171231 | WORKIVA INC | In November 2017, we entered into an agreement with a third party provider of cloud infrastructure services for a period of two years beginning December 1, 2017. The agreement provides that we are committed to pay $4.1 million and $4.8 million during the years ended December 31, 2018 and 2019, respectively. | [
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10-K | 0001445305-18-000054 | 20180222162404 | 20171231 | WORKIVA INC | In August 2014, we entered into a $15.0 million credit facility with Silicon Valley Bank, which was subsequently amended. The credit facility can be used to fund working capital and general business requirements and matures in August 2018. The credit facility is secured by all of our assets, has first priority over our other debt obligations, and requires us to maintain certain financial covenants, including the maintenance of at least $5.0 million of cash on hand or unused borrowing capacity. The credit facility contains certain restrictive covenants that limit our ability to transfer or dispose of assets, merge with other companies or consummate certain changes of control, acquire other companies, pay dividends, incur additional indebtedness and liens, experience changes in management and enter into new businesses. The credit facility has a variable interest rate equal to the bank’s prime lending rate with interest payable monthly and the principal balance due at maturity. The credit facility’s interest rate was 4.5% at December 31, 2017. We recorded no interest expense for the years ended December 31, 2017, 2016 and 2015 related to such debt agreement. No amounts were outstanding under the credit facility as of December 31, 2017 and 2016. | [
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10-K | 0001445305-18-000054 | 20180222162404 | 20171231 | WORKIVA INC | In June 2016, stockholders approved an amendment to the 2014 Plan that increased the number of shares available for grant by 3,900,000. As of December 31, 2017, 1,999,415 shares of Class A common stock were available for grant under the 2014 Plan. | [
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10-K | 0001445305-18-000054 | 20180222162404 | 20171231 | WORKIVA INC | Our Employee Stock Purchase Plan (“ESPP”) became effective on June 13, 2017. Under the ESPP, eligible employees are granted options to purchase shares of Class A common stock at the lower of 85% of the fair market value of the stock at the time of grant or 85% of the fair market value at the time of exercise. Options to purchase shares are granted twice yearly on or about July 15 and January 15 and are exercisable on or about the succeeding January 14 and July 14, respectively, of each year. As of December 31, 2017, 5,000,000 shares of Class A common stock were available for issuance under the ESPP. No participant may purchase more than $12,500 worth of Class A common stock in a six-month offering period. The ESPP’s initial offering period began in July 2017. As of December 31, 2017, we held employee contributions of approximately $1.4 million for future purchases under the ESPP included within accrued expenses and other current liabilities on the consolidated balance sheet. Accordingly, no shares of Class A common stock had been purchased or distributed pursuant to the ESPP as of December 31, 2017. | [
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10-K | 0001445305-18-000054 | 20180222162404 | 20171231 | WORKIVA INC | Options to purchase Class A common stock generally vest over a three- or four-year period and are generally granted for a term of ten years. The total intrinsic value of options exercised during the years ended December 31, 2017, 2016 and 2015 was $9.8 million, $3.9 million and $8.4 million, respectively. | [
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10-K | 0001445305-18-000054 | 20180222162404 | 20171231 | WORKIVA INC | The weighted-average grant-date fair value of options granted during the years ended December 31, 2017, 2016 and 2015 was $6.79, $6.79 and $6.53, respectively. The total fair value of options vested during the years ended December 31, 2017, 2016 and 2015 was approximately $10.2 million, $9.3 million and $8.7 million, respectively. Total unrecognized compensation expense of $19.7 million related to options will be recognized over a weighted-average period of 2.5 years. | [
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10-K | 0001445305-18-000054 | 20180222162404 | 20171231 | WORKIVA INC | We have granted restricted stock awards to our executive officers that vest in three equal annual installments from the date of grant and to non-employee members of our Board of Directors with one-year cliff vesting from the date of grant. The recipient of an award of restricted stock under the Plan may vote and receive dividends on the shares of restricted stock covered by the award. The fair value for restricted stock awards is calculated based on the stock price on the date of grant. The total fair value of restricted stock awards vested during the years ended December 31, 2017, 2016, and 2015 was approximately $2.7 million, $3.3 million, and $750,000 respectively. | [
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10-K | 0001445305-18-000054 | 20180222162404 | 20171231 | WORKIVA INC | Compensation expense associated with unvested restricted stock awards is recognized on a straight-line basis over the vesting period. At December 31, 2017, there was approximately $0.2 million of total unrecognized compensation expense related to restricted stock awards, which is expected to be recognized over a weighted-average period of 0.1 years. | [
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10-K | 0001445305-18-000054 | 20180222162404 | 20171231 | WORKIVA INC | We have granted restricted stock units to our executive officers that vest in three equal annual installments from the date of grant and to non-employee members of our Board of Directors with one-year cliff vesting from the date of grant. The recipient of a restricted stock unit award under the Plan will have no rights as a stockholder until share certificates are issued by us, but, at the discretion of our Compensation Committee, has the right to receive a dividend equivalent payment in the form of additional restricted stock units. Additionally, until the shares are issued, they have no voting rights and may not be bought or sold. The fair value for restricted stock unit awards is calculated based on the stock price on the date of grant. The total fair value of restricted stock units vested during the year ended December 31, 2017 was approximately $3.6 million. No restricted stock units vested during the years ended December 31, 2016 or 2015. | [
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10-K | 0001445305-18-000054 | 20180222162404 | 20171231 | WORKIVA INC | (1) As of December 31, 2017, recipients of 191,485 shares had elected to defer settlement of the vested restricted stock units in accordance with our Nonqualified Deferred Compensation Plan. | [
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10-K | 0001445305-18-000054 | 20180222162404 | 20171231 | WORKIVA INC | Compensation expense associated with unvested restricted stock units is recognized on a straight-line basis over the vesting period. At December 31, 2017, there was approximately $5.0 million of total unrecognized compensation expense related to restricted stock units, which is expected to be recognized over a weighted-average period of 1.6 years. | [
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10-K | 0001445305-18-000054 | 20180222162404 | 20171231 | WORKIVA INC | Compensation expense associated with ESPP purchase rights is recognized on a straight-line basis over the vesting period. At December 31, 2017, there was approximately $27,000 of total unrecognized compensation expense related to the ESPP, which is expected to be recognized over a weighted-average period of 0.03 years. | [
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10-K | 0001445305-18-000054 | 20180222162404 | 20171231 | WORKIVA INC | On December 22, 2017, the U.S. federal government enacted legislation commonly referred to as the "Tax Cuts and Jobs Act" (the "TCJA"). The TCJA makes widespread changes to the Internal Revenue Code, including, among other items, a reduction in the federal corporate tax rate from 35% to 21%, effective January 1, 2018. The carrying value of our deferred tax assets and liabilities is also determined by the enacted U.S. corporate income tax rate. Consequently, any changes in the U.S. corporate income tax rate will impact the carrying value of our deferred tax assets and liabilities. Under the new corporate income tax rate of 21%, deferred income tax assets, net have decreased by $22.9 million and the valuation allowance has decreased by $22.9 million. There was no net effect of the tax reform enactment on the financial statements as of December 31, 2017. | [
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10-K | 0001445305-18-000054 | 20180222162404 | 20171231 | WORKIVA INC | Effective July 1, 2017, the Company completed a restructuring of its foreign operations. A newly formed holding company was set up in the United Kingdom, Workiva Holdings Limited, which will be treated as a controlled foreign corporation from a U.S. income tax perspective. The outstanding stock ownership of the existing foreign subsidiaries were contributed to Workiva Holdings Limited, effective July 1, 2017, which triggered a taxable gain for the difference in fair market value compared to the tax basis in the entities for U.S. income tax purposes. The estimated gain recorded is $13.9 million which is included as a permanent book-tax difference. The gain is expected to be fully offset by current year net operating losses. | [
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10-K | 0001445305-18-000054 | 20180222162404 | 20171231 | WORKIVA INC | As of December 31, 2017, we have federal and state net operating loss carryforwards of approximately $133.8 million and $101.2 million, respectively, available to reduce any future taxable income. The federal net operating loss carryforwards will expire in varying amounts between years 2034 and 2037. The state net operating loss carryforwards will expire in varying amounts between years 2021 and 2037. Additionally, we have total net operating loss carryforwards from international operations of $480,000 that will expire in varying amounts beginning in 2033. We also have approximately $6.0 million of federal and $1.3 million of state tax credit carryforwards as of December 31, 2017. The federal credits will expire in varying amounts between the years 2034 and 2037. The state credits expire beginning in 2021. | [
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10-K | 0001445305-18-000054 | 20180222162404 | 20171231 | WORKIVA INC | (1) During the fourth quarter of 2017, we recorded an additional $1.9 million to general and administrative expense due to certain severance arrangements. | [
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10-K | 0001564590-18-003788 | 20180228160843 | 20171231 | Donnelley Financial Solutions, Inc. | — Certain costs to acquire and develop internal-use computer software are capitalized and amortized over their estimated useful life using the straight-line method, up to a maximum of three years. Amortization expense related to internally-developed software, excluding amortization expense related to other intangible assets, was $22.5 million, $20.5 million and $17.2 million for the years ended December 31, 2017, 2016 and 2015, respectively. Other intangible assets are recognized separately from goodwill and are amortized over their estimated useful lives. See Note 4, | [
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10-K | 0001564590-18-003788 | 20180228160843 | 20171231 | Donnelley Financial Solutions, Inc. | The pension plan asset allocation from RRD was finalized on June 30, 2017, which resulted in a $0.7 million decrease to the fair value of plan assets transferred to the Company from RRD. | [
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10-K | 0001564590-18-003788 | 20180228160843 | 20171231 | Donnelley Financial Solutions, Inc. | of net lease termination and other restructuring costs, $0.2 million of net impairment charges related to leasehold improvements associated with facility closures and $0.2 million for other charges associated with the Company’s decision to withdraw in 2013 from certain-multi-employer pension plans serving facilities that continued to operate. | [
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10-K | 0001564590-18-003788 | 20180228160843 | 20171231 | Donnelley Financial Solutions, Inc. | the benefit of most of its U.S. employees, the Company maintains a defined contribution retirement savings plan (401(k)) that is intended to be qualified under Section 401(a) of the Internal Revenue Code. Under this plan, employees may contribute a percentage of eligible compensation on both a before-tax and after-tax basis. The Company provided a 401(k) discretionary match to participants in 2017, payable to participants' accounts in the first quarter of 2018. The total expense attributable to the match was $3.4 million for the year ended December 31, 2017. The Company did not provide a 401(k) discretionary match to participants in 2016 or 2015. | [
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10-K | 0001564590-18-003788 | 20180228160843 | 20171231 | Donnelley Financial Solutions, Inc. | greement, the Company received a cash payment of $68.0 million from RRD on April 3, 2017. The proceeds were used to reduce outstanding debt under the Term Loan Credit Facility. | [
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10-K | 0001564590-18-003788 | 20180228160843 | 20171231 | Donnelley Financial Solutions, Inc. | As of December 31, 2017, the Company had $4.5 million in outstanding letters of credit and bank guarantees, of which none reduced to the availability under the Revolving Facility. | [
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10-K | 0001564590-18-003788 | 20180228160843 | 20171231 | Donnelley Financial Solutions, Inc. | greement, the Company received a cash payment of $68.0 million from RRD on April 3, 2017. The proceeds were used to reduce outstanding debt under the Term Loan Credit Facility. The Company has other amounts due to or from RRD in the normal course of business. The Company had $96.0 million of receivables from RRD and $27.1 million of payables to RRD included in the consolidated balance sheet at December 31, 2016. | [
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10-K | 0000897101-18-000213 | 20180309112417 | 20171231 | CYBEROPTICS CORP | Accumulated amortization for demonstration inventories totaled $1.5 million at December 31, 2017 and $1.1 million at December 31, 2016. | [
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10-K | 0000897101-18-000213 | 20180309112417 | 20171231 | CYBEROPTICS CORP | Investments in marketable securities classified as cash equivalents of $1.6 million at December 31, 2017 and $5.2 million at December 31, 2016, consist of corporate debt securities and certificates of deposit. There were no unrealized gains or losses associated with any of these securities at December 31, 2017 or December 31, 2016. | [
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10-K | 0000897101-18-000213 | 20180309112417 | 20171231 | CYBEROPTICS CORP | The maximum length of time over which we hedge our exposure to the variability in future cash flows is 12 months. At December 31, 2016, there were no open foreign exchange forward contracts. At December 31, 2015, all of our open foreign exchange forward contracts had maturities of one year or less. The dollar equivalent gross notional amount of our foreign exchange forward contracts designated as cash flow hedges at December 31, 2015 was approximately $1.8 million. | [
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10-K | 0000897101-18-000213 | 20180309112417 | 20171231 | CYBEROPTICS CORP | At December 31, 2015, all of our open foreign exchange forward contracts had maturities of one year or less. The dollar equivalent gross notional amount of our foreign exchange forward contracts designated as cash flow hedges at December 31, 2015 was approximately $1.8 million. | [
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10-K | 0000897101-18-000213 | 20180309112417 | 20171231 | CYBEROPTICS CORP | The intrinsic value of an option is the amount by which the fair value of the underlying stock exceeds the option's exercise price. For options outstanding at December 31, 2017, the weighted average remaining contractual term of all outstanding options was 4.4 years and their aggregate intrinsic value was $3.2 million. At December 31, 2017, the weighted average remaining contractual term of options that were exercisable was 3.8 years and their aggregate intrinsic value was $2.1 million. The aggregate intrinsic value of stock options exercised was $782,000 in 2017, $720,000 in 2016 and $182,000 in 2015. We received proceeds from stock option exercises of $378,000 in 2017, $474,000 in 2016 and $458,000 in 2015. The aggregate fair value of options that vested was $443,000 in 2017, $495,000 in 2016 and $264,000 in 2015. | [
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10-K | 0000897101-18-000213 | 20180309112417 | 20171231 | CYBEROPTICS CORP | At December 31, 2017, the total unrecognized compensation cost related to non-vested stock-based compensation arrangements was $2.0 million and the related weighted average period over which such cost is expected to be recognized is 1.56 years. | [
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10-K | 0000897101-18-000213 | 20180309112417 | 20171231 | CYBEROPTICS CORP | Depreciation and amortization expense related to equipment and leasehold improvements was $1.3 million in 2017, $1.3 million in 2016 and $1.2 million in 2015. | [
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10-K | 0000897101-18-000213 | 20180309112417 | 20171231 | CYBEROPTICS CORP | Our effective tax rate for 2017 was favorably impacted by 93.8% due to a significant change in income tax law contained in the Tax Cuts and Jobs Act (the Tax Reform Act) passed by the U.S. Congress in December 2017. Under the new tax law, the prior system of taxing U.S. corporations on the foreign earnings of their non-U.S. affiliates when such earnings were repatriated was replaced with a partial territorial system that provides a 100% dividends-received-deduction for foreign-source dividends received from 10%-or-more owned foreign corporations. The benefit from eliminating the previously recorded $2.7 million deferred tax liability for the undistributed earnings of our Singapore subsidiary was offset in part by the write-down of our deferred tax assets to reflect the 21% corporate income tax rate in the new tax law. | [
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10-K | 0000897101-18-000213 | 20180309112417 | 20171231 | CYBEROPTICS CORP | due to a significant change in income tax law contained in the Tax Cuts and Jobs Act (the Tax Reform Act) passed by the U.S. Congress in December 2017. Under the new tax law, the prior system of taxing U.S. corporations on the foreign earnings of their non-U.S. affiliates when such earnings were repatriated was replaced with a partial territorial system that provides a 100% dividends-received-deduction for foreign-source dividends received from 10%-or-more owned foreign corporations. The benefit from eliminating the previously recorded $2.7 million deferred tax liability for the undistributed earnings of our Singapore subsidiary was offset in part by the write-down of our deferred tax assets to reflect the 21% corporate income tax rate in the new tax law. | [
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10-K | 0000897101-18-000213 | 20180309112417 | 20171231 | CYBEROPTICS CORP | Our effective tax rate for 2016 was favorably impacted by 141.9% due to a substantial reduction in the valuation allowances for our deferred tax assets. | [
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10-K | 0000897101-18-000213 | 20180309112417 | 20171231 | CYBEROPTICS CORP | Recognition of the deferred tax liability for the undistributed earnings of our subsidiary in Singapore impacted our effective tax rate by a negative 32.2% in 2016. Receipt of a dividend from our subsidiary in Singapore impacted our income tax rate by a negative | [
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10-K | 0000897101-18-000213 | 20180309112417 | 20171231 | CYBEROPTICS CORP | The remaining valuation allowances recorded against our deferred tax assets increased by $520,000 in 2017 for federal and state R&D tax credit carry forwards and state net operating loss carry forwards that we do expect to use. Valuation allowances recorded against our deferred tax assets decreased by $9.6 million in 2016 from utilization of available net operating loss carry forwards and our determination that significant valuation allowances were no longer needed for substantially all of our U.S. and Singapore based deferred tax assets, due to the improvement in our operating results and financial outlook. At December 31, 2017, we have federal R&D tax credit carry forwards of $ | [
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10-K | 0000897101-18-000213 | 20180309112417 | 20171231 | CYBEROPTICS CORP | During 2016, we concluded that it was no longer our intent to permanently reinvest the undistributed earnings of our Singapore subsidiary, and we recognized the corresponding U.S. deferred tax liability for the related outside basis difference. Under the Tax Reform Act passed by the U.S. Congress in December 2017, the prior system of taxing U.S. corporations on the foreign earnings of their non-U.S. affiliates when such earnings were repatriated was replaced with a partial territorial system that provides a 100% dividends-received-deduction for foreign-source dividends received from 10%-or-more owned foreign corporations. Accordingly, the previously recorded deferred tax liability for the outside basis difference related to our Singapore subsidiary was reversed. | [
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10-K | 0000897101-18-000213 | 20180309112417 | 20171231 | CYBEROPTICS CORP | Under the Tax Reform Act passed by the U.S. Congress in December 2017, the prior system of taxing U.S. corporations on the foreign earnings of their non-U.S. affiliates when such earnings were repatriated was replaced with a partial territorial system that provides a 100% dividends-received-deduction for foreign-source dividends received from 10%-or-more owned foreign corporations. Accordingly, the previously recorded deferred tax liability for the outside basis difference related to our Singapore subsidiary was reversed. | [
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10-K | 0000897101-18-000213 | 20180309112417 | 20171231 | CYBEROPTICS CORP | Rent expense was $1.3 million in 2017, $1.3 million in 2016, and $1.2 million in 2015. At December 31, 2017, the future minimum lease payments required under non-cancelable operating lease agreements are as follows: | [
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10-K | 0000897101-18-000213 | 20180309112417 | 20171231 | CYBEROPTICS CORP | $1.2 million in 2015. At December 31, 2017, the future minimum lease payments required under non-cancelable operating lease agreements are as follows: | [
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10-K | 0000897101-18-000213 | 20180309112417 | 20171231 | CYBEROPTICS CORP | Export sales as a percentage of total sales was 71% in 2017, 81% in 2016 and 72% in 2015. Export sales are attributed to the country where the product is shipped. Substantially all of our export sales are negotiated, invoiced and paid in U.S. dollars. | [
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10-K | 0000897101-18-000213 | 20180309112417 | 20171231 | CYBEROPTICS CORP | In October 2017, our Board of Directors adopted a program authorizing the purchase of up to $3.0 million of shares of our common stock. The common stock will be acquired from time to time in open market transactions, block purchases and other transactions complying with Rule 10b-18 of the Securities and Exchange Commission. The share repurchase program will terminate on September 30, 2018. In 2017, we spent $240,000 to repurchase 15,000 shares of our common stock. | [
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10-K | 0001728688-18-000027 | 20181207132824 | 20180930 | i3 Verticals, Inc. | On June 25, 2018, the Company completed the IPO of 7,647,500 shares of its Class A common stock at a public offering price of $13.00 per share. The Company received approximately $92.5 million of net proceeds, after deducting underwriting discounts and commissions, which the Company used to purchase newly issued common units from i3 Verticals, LLC (the “Common Units”), and Common Units from a selling Common Unit holder, in each case at a price per Common Unit equal to the price per share paid by the underwriters for shares of the Company's Class A common stock in the IPO. | [
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10-K | 0001728688-18-000027 | 20181207132824 | 20180930 | i3 Verticals, Inc. | September 30, 2018, the Continuing Equity Owners owned Common Units in i3 Verticals, LLC representing approximately 65.4% of the economic interest in i3 Verticals, LLC, shares of Class A common stock in the Company representing approximately 0.9% of the economic interest and voting power in the Company, and shares of Class B common stock in i3 Verticals, Inc., representing approximately 65.4% of the voting power in the Company. | [
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10-K | 0001728688-18-000027 | 20181207132824 | 20180930 | i3 Verticals, Inc. | Accounts receivable consist primarily of uncollateralized credit card processing residual payments due from processing banks requiring payment within thirty days following the end of each month. Accounts receivable also include amounts due from the sales of the Company’s technology solutions to its customers. The carrying amount of accounts receivable is reduced by an allowance for doubtful accounts, if necessary, which reflects management’s best estimate of the amounts that will not be collected. The allowance is estimated based on management’s knowledge of its customers, historical loss experience and existing economic conditions. Accounts receivable and the allowance are written-off when, in management’s opinion, all collection efforts have been exhausted. The Company’s allowance for doubtful accounts was $205 and $211 as of September 30, 2018 and 2017, respectively; however, actual write-offs may exceed estimated amounts. | [
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10-K | 0001728688-18-000027 | 20181207132824 | 20180930 | i3 Verticals, Inc. | Settlement assets and obligations result when funds are temporarily held or owed by the Company on behalf of merchants, consumers, schools, and other institutions. Timing differences, interchange expense, merchant reserves and exceptional items cause differences between the amount received from the card networks and the amount funded to counterparties. These balances arising in the settlement process are reflected as settlement assets and obligations on the accompanying consolidated balance sheets. With the exception of merchant reserves, settlement assets or settlement obligations are generally collected and paid within one to four days. As of September 30, 2018 and 2017, settlement assets and settlement obligations were both $863 and $5,196, respectively. | [
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10-K | 0001728688-18-000027 | 20181207132824 | 20180930 | i3 Verticals, Inc. | Inventories consist of point-of-sale equipment to be sold to customers and are stated at the lower of cost, determined on a weighted average basis, or net realizable value. Inventories were $930 and $454 at September 30, 2018 and 2017, respectively, and are included within prepaid expenses and other current assets on the accompanying consolidated balance sheets. | [
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10-K | 0001728688-18-000027 | 20181207132824 | 20180930 | i3 Verticals, Inc. | The operating results of an acquisition are included in the consolidated statements of operations from the date of such acquisition. Acquisitions completed during the year ended September 30, 2018 contributed $24,568 and $1,782 of revenue and net income, respectively, to the results in the Company's consolidated statements of operations for the year then ended. | [
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10-K | 0001728688-18-000027 | 20181207132824 | 20180930 | i3 Verticals, Inc. | More than 85% of the Company's gross revenue for the years ended September 30, 2018, 2017 and 2016 is derived from volume-based payment processing fees (“discount fees”) and other related fixed transaction or service fees. The remainder is comprised of sales of software licensing subscriptions, ongoing support, and other POS-related solutions the Company provides to its clients directly and through its processing bank relationships. | [
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10-K | 0001728688-18-000027 | 20181207132824 | 20180930 | i3 Verticals, Inc. | Advertising and promotion costs are expensed as incurred. Advertising expense was $765, $654 and $413 for the years ended September 30, 2018, 2017 and 2016, respectively, and is included in selling, general and administrative expenses in the Consolidated Statements of Operations. | [
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10-K | 0001728688-18-000027 | 20181207132824 | 20180930 | i3 Verticals, Inc. | Equity-based compensation was $1,567 for the year ended September 30, 2018. There was no equity-based compensation for the years ended September 30, 2017 and 2016. | [
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10-K | 0001728688-18-000027 | 20181207132824 | 20180930 | i3 Verticals, Inc. | As of September 30, 2017, there were in the aggregate 1,423,688 of warrants (the “Mezzanine Warrants”) outstanding and exercisable to purchase common units in i3 Verticals, LLC related to the issuance of the Mezzanine Notes. The Mezzanine Warrants were mandatorily redeemable and embody a conditional obligation to redeem the instrument by a transfer of assets. The Mezzanine Warrants were remeasured at each reporting date through the settlement of the instrument and changes in value were reflected in earnings. | [
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10-K | 0001728688-18-000027 | 20181207132824 | 20180930 | i3 Verticals, Inc. | The change in fair value of the warrant liabilities was an increase of $8,487 and a reduction of $415 and $28 for the years ended September 30, 2018, 2017 and 2016, respectively. | [
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10-K | 0001728688-18-000027 | 20181207132824 | 20180930 | i3 Verticals, Inc. | The fair market value of the warrants was $767 as of September 30, 2017. On June 25, 2018, in conjunction with the Reorganization Transactions described in Note 1, all existing Mezzanine Warrants were exercised for common units in i3 Verticals, LLC. See Note 9 for additional discussion of the Mezzanine Warrants. | [
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10-K | 0001728688-18-000027 | 20181207132824 | 20180930 | i3 Verticals, Inc. | During the years ended September 30, 2018 and 2017, the Company purchased $1,567 and $476, respectively, in residual buyouts using a combination of cash on hand and borrowings on the Company's revolving line of credit. The acquired residual buyout intangible assets have an estimated amortization period of two years. | [
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10-K | 0001728688-18-000027 | 20181207132824 | 20180930 | i3 Verticals, Inc. | Effective March 31, 2017, the Company acquired a payment portfolio in an asset acquisition. The acquisition was completed to expand the Company’s merchant base. Total purchase consideration was $1,156, including $56 in acquisition-related costs, which was funded using a combination of cash on hand and long-term debt. The purchase consideration of the acquired assets was allocated based on the relative fair values to the merchant relationships intangible asset. The acquired merchant relationships intangible asset has an estimated amortization period of fifteen years. | [
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10-K | 0001728688-18-000027 | 20181207132824 | 20180930 | i3 Verticals, Inc. | From time to time, the Company enters into referral agreements with agent banks or other organizations (“referral partner”). Under these agreements, the referral partner exclusively refers its customers to the Company for credit card processing services. Total consideration paid for these agreements in the year ended September 30, 2018 was $815, all of which was settled with cash on hand. Because the Company pays an up-front fee to compensate the referral partner, the amount is treated as an asset acquisition in which the Company has acquired an intangible stream of referrals. This asset is amortized over a straight-line period. The weighted-average amortization period for all intangibles acquired is five years. | [
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10-K | 0001728688-18-000027 | 20181207132824 | 20180930 | i3 Verticals, Inc. | Effective April 1, 2016, the Company acquired certain assets of Axia Payments, LLC (“Axia”), a privately-held company engaged in business similar to the Company. The acquisition was completed to increase the Company's revenue and merchant base and to provide another strategic processing partner. Net purchase consideration was $28,565, which includes $665 of common units issued to the seller and cash payment which was funded using proceeds from the issuance of long-term debt. | [
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10-K | 0001728688-18-000027 | 20181207132824 | 20180930 | i3 Verticals, Inc. | The Company completed the acquisitions of the three other businesses to expand the Company’s revenue within the integrated point-of-sale market and to provide additional service to the Company’s customers. Total purchase consideration for the three acquisitions was $5,857, including $4,377 in cash and revolving line of credit proceeds and $1,480 of contingent cash consideration. | [
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10-K | 0001728688-18-000027 | 20181207132824 | 20180930 | i3 Verticals, Inc. | The goodwill associated with the acquisitions of the three other businesses is tax-deductible. The weighted-average amortization period for all intangibles acquired is fourteen years. Acquisition-related costs for the three other businesses amounted to approximately $201 and were expensed as incurred. | [
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10-K | 0001728688-18-000027 | 20181207132824 | 20180930 | i3 Verticals, Inc. | Certain provisions in the purchase agreement for one of the three other businesses provided for additional consideration of up to $3,250, in the aggregate, to be paid based upon the achievement of specified financial performance targets, as defined in the purchase agreement, through December 2018. The Company determined the acquisition date fair value of the liability for the contingent consideration based on a discounted cash flow analysis. In each subsequent reporting period, the Company reassesses its current estimates of performance relative to the targets and adjusts the contingent liability to its fair value through earnings. See additional disclosures in Note 11. | [
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10-K | 0001728688-18-000027 | 20181207132824 | 20180930 | i3 Verticals, Inc. | Effective August 1, 2017, the Company acquired certain assets and assumed certain liabilities of Fairway Payments, LLC (“Fairway”), a privately-held company engaged in business similar to the Company. The acquisition was completed to add independent software vendor distribution partners, to increase the Company's presence in the healthcare and non-profit verticals and to provide another vendor for the Company's payment processing services. Net purchase consideration was $39,275, which includes $275 of common units issued to the seller and cash payment which was funded using proceeds from the issuance of long-term debt and from proceeds from the issuance of Class A units in i3 Verticals, LLC. | [
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10-K | 0001728688-18-000027 | 20181207132824 | 20180930 | i3 Verticals, Inc. | acquisitions was $6,396, including $5,175 in cash and revolving line of credit proceeds and $1,221 of contingent cash consideration. | [
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10-K | 0001728688-18-000027 | 20181207132824 | 20180930 | i3 Verticals, Inc. | The goodwill associated with the acquisitions of the two other businesses is tax-deductible. The weighted-average amortization period for all intangibles acquired is fifteen years. Acquisition-related costs for the two other businesses amounted to approximately $184 and were expensed as incurred. | [
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10-K | 0001728688-18-000027 | 20181207132824 | 20180930 | i3 Verticals, Inc. | Certain provisions in the purchase agreement for one of the two other businesses provided for additional consideration of up to $4,700, in the aggregate, to be paid based upon the achievement of specified financial performance targets, as defined in the purchase agreement, through December 2019. The Company determined the acquisition date fair value of the liability for the contingent consideration based on a discounted cash flow analysis. In each subsequent reporting period, the Company reassesses its current estimates of performance relative to the targets and adjusts the contingent liability to its fair value through earnings. See additional disclosures in Note 11. | [
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10-K | 0001728688-18-000027 | 20181207132824 | 20180930 | i3 Verticals, Inc. | On October 31, 2017, the Company closed an agreement to purchase all of the outstanding stock of San Diego Cash Register Company, Inc. (“SDCR, Inc.”). The acquisition was completed to expand the Company's revenue within the integrated POS market. Total purchase consideration was $20,834, which includes $104 of common units in i3 Verticals, LLC issued to the seller. The acquisition was funded using $20,000 in proceeds from | [
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10-K | 0001728688-18-000027 | 20181207132824 | 20180930 | i3 Verticals, Inc. | the issuance of long-term debt from the Senior Secured Credit Facility (as defined in Note 9) and $730 of contingent cash consideration. | [
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10-K | 0001728688-18-000027 | 20181207132824 | 20180930 | i3 Verticals, Inc. | Certain provisions in the purchase agreement provide for additional consideration of up to $2,400, in the aggregate, to be paid based upon the achievement of specified financial performance targets, as defined in the purchase agreement, through October 2019. The Company determined the acquisition date fair value of the liability for the contingent consideration based on a discounted cash flow analysis. In each subsequent reporting period the Company reassesses its current estimates of performance relative to the targets and adjusts the contingent liability to its fair value through earnings. See additional disclosures in Note 11. | [
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10-K | 0001728688-18-000027 | 20181207132824 | 20180930 | i3 Verticals, Inc. | The Company completed the acquisitions of the three other businesses to expand the Company's merchant base. Total purchase consideration for the three acquisitions was $15,604, including $13,700 in cash and revolving line of credit proceeds, $550 of restricted Class A common stock and $1,354 of contingent cash consideration. The purchase price allocations assigned for certain of these acquisitions are preliminary. | [
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10-K | 0001728688-18-000027 | 20181207132824 | 20180930 | i3 Verticals, Inc. | Acquisition-related costs for the three other businesses amounted to approximately $233 and were expensed as incurred. | [
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10-K | 0001728688-18-000027 | 20181207132824 | 20180930 | i3 Verticals, Inc. | Certain provisions in the purchase agreements for the three other businesses provide for additional consideration of up to $11,800, in the aggregate, to be paid based upon the achievement of specified financial performance targets, as defined in the purchase agreements, through no later than January 2020. The Company determined the acquisition date fair values of the liabilities for the contingent consideration based on discounted cash flow analyses. In each subsequent reporting period, the Company will reassess its current estimates of performance relative to the targets and adjust the contingent liabilities to their fair values through earnings. See additional disclosures in Note 11. | [
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10-K | 0001728688-18-000027 | 20181207132824 | 20180930 | i3 Verticals, Inc. | Depreciation expense for the years ended September 30, 2018, 2017 and 2016 amounted to $802, $875 and $648, respectively. | [
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10-K | 0001728688-18-000027 | 20181207132824 | 20180930 | i3 Verticals, Inc. | The Company capitalized software development costs (including acquisitions) totaling $1,292 and $1,452 during the years ended September 30, 2018 and 2017, respectively. Amortization expense for capitalized software development costs amounted to $1,696, $1,541 and $1,223 during the years ended September 30, 2018, 2017 and 2016, respectively. | [
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10-K | 0001728688-18-000027 | 20181207132824 | 20180930 | i3 Verticals, Inc. | Amortization expense for intangible assets amounted to $9,341, $7,669 and $8,027 during the years ended September 30, 2018, 2017 and 2016, respectively. | [
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10-K | 0001728688-18-000027 | 20181207132824 | 20180930 | i3 Verticals, Inc. | In April and July 2016, the Company amended its existing syndicated credit facility (the “2016 Senior Secured Credit Facility”) with certain banks. The 2016 Senior Secured Credit Facility consisted of term loans in the principal amount of $19,000 and an $80,000 revolving line of credit. The 2016 Senior Secured Credit Facility accrued interest, payable monthly, at the prime rate plus a margin of 0.50% to 2.00% (1.50% as of September 30, 2017) or at the 30-day LIBOR rate plus a margin of 3.50% to 5.00% (4.50% as of September 30, 2017), in each case depending on the Company's ratio of consolidated debt-to-EBITDA, as defined in the agreement. Additionally, the 2016 Senior Secured Credit Facility required the Company to pay unused commitment fees of up to 0.30% (0.30% as of September 30, 2017) on any undrawn amounts under the revolving line of credit. Through the April and July 2016 amendments, the maturity date of the 2016 Senior Secured Credit Facility was extended to April 29, 2020. The amendments were accounted for as a modification under the guidance at ASC 470-50, Debt — | [
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10-K | 0001728688-18-000027 | 20181207132824 | 20180930 | i3 Verticals, Inc. | (“ASC 470-50”). Principal payments of $1,000 were due on the last day of each calendar quarter until the maturity date, when all outstanding principal and accrued and unpaid interest was due. At September 30, 2017, there was $8,400 available for borrowing under the revolving line of credit. | [
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10-K | 0001728688-18-000027 | 20181207132824 | 20180930 | i3 Verticals, Inc. | The provisions of the 2016 Senior Secured Credit Facility placed certain restrictions and limitations upon the Company. These included, among others, restrictions on liens, investments, indebtedness, fundamental changes and dispositions; maintenance of certain financial ratios; and certain non-financial covenants pertaining to the activities of the Company during the period covered. The Company was in compliance with such covenants as of September 30, 2017. In addition, the 2016 Senior Secured Credit Facility restricted the Company's ability to make dividends or other distributions to the holders of the Company's equity. The Company was permitted to (i) make distributions to the holders of the Company's equity in order to pay taxes incurred by owners of equity in i3 Verticals, LLC by reason of such ownership, (ii) move intercompany cash between subsidiaries that were joined to the 2016 Senior Secured Credit Facility, (iii) repurchase equity from employees, directors, officers or consultants after an initial public offering of the Company's equity in an aggregate total not to exceed $1.50 million per year, | [
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10-K | 0001728688-18-000027 | 20181207132824 | 20180930 | i3 Verticals, Inc. | and (iv) make other dividends or distributions in an aggregate amount not to exceed 5% of the net cash proceeds received from any additional common equity issuance after an initial public offering. The Company was also permitted to make noncash dividends in the form of additional equity issuances. All other forms of dividends or distributions were prohibited under the 2016 Senior Secured Credit Facility. | [
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10-K | 0001728688-18-000027 | 20181207132824 | 20180930 | i3 Verticals, Inc. | On October 30, 2017, the Company replaced its existing credit facility with the Senior Secured Credit Facility. The Company concluded that the Senior Secured Credit Facility should be accounted for as a debt modification based on the guidance in ASC 470-50. The Senior Secured Credit Facility consists of term loans in the original principal amount of $40,000 and a $110,000 revolving line of credit. The Senior Secured Credit Facility accrues interest, payable monthly, at the prime rate plus a margin of 0.50% to 2.00% (0.50% as of September 30, 2018) or at the 30-day LIBOR rate plus a margin of 2.75% to 4.00% (2.75% as of September 30, 2018), in each case depending on the ratio of consolidated debt-to-EBITDA, as defined in the agreement. Additionally, the Senior Secured Credit Facility requires the Company to pay unused commitment fees of up to 0.15% to 0.30% (0.15% as of September 30, 2018) on any undrawn amounts under the revolving line of credit. The maturity date of the Senior Secured Credit Facility is October 30, 2022. Principal payments of $1,250 are due on the last day of each calendar quarter until the maturity date, when all outstanding principal and accrued and unpaid interest are due. At September 30, 2018, there was $106,750 available for borrowing under the revolving line of credit. | [
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10-K | 0001728688-18-000027 | 20181207132824 | 20180930 | i3 Verticals, Inc. | The provisions of the Senior Secured Credit Facility place certain restrictions and limitations upon the Company. These include, among others, restrictions on liens, investments, indebtedness, fundamental changes and dispositions; maintenance of certain financial ratios; and certain non-financial covenants pertaining to the activities of the Company during the period covered. The Company was in compliance with such covenants as of September 30, 2018. In addition, the Senior Secured Credit Facility restricts the Company's ability to make dividends or other distributions to the holders of the Company's equity. The Company is permitted to (i) make cash distributions to the holders of the Company's equity in order to pay taxes incurred by owners of equity in i3 Verticals, LLC, by reason of such ownership, (ii) move intercompany cash between subsidiaries that are joined to the Senior Secured Credit Facility, (iii) repurchase equity from employees, directors, officers or consultants after the Reorganization Transactions in an aggregate amount not to exceed $1,500 per year, and (iv) make other dividends or distributions in an aggregate amount not to exceed 5% of the net cash proceeds received from any additional common equity issuance after the IPO. The Company is also permitted to make non-cash dividends in the form of additional equity issuances. All other forms of dividends or distributions are prohibited under the Senior Secured Credit Facility. | [
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10-K | 0001728688-18-000027 | 20181207132824 | 20180930 | i3 Verticals, Inc. | During 2013, the Company issued notes payable in the aggregate principal amount of $10,500 (the “Mezzanine Notes”) to three creditors. The Mezzanine Notes accrued interest at a fixed rate of 12.0%, payable monthly, and initially were due to mature in February 2018. In April 2016, the Mezzanine Notes were amended and restated and the maturity dates were extended to November 29, 2020, when all outstanding principal and accrued and unpaid interest was due. The amendment was accounted for as a modification under the guidance at ASC 470-50. The Mezzanine Notes were secured by substantially all assets of the Company in accordance with the terms of a security agreement and were subordinate to the Senior Secured Credit Facility. | [
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10-K | 0001728688-18-000027 | 20181207132824 | 20180930 | i3 Verticals, Inc. | In June 2018, all of the outstanding aggregate principal balance and accrued interest on the Mezzanine Notes was repaid with proceeds from the Company’s IPO. As part of the extinguishment of the Mezzanine Notes, $78 of unamortized debt issuance costs were written off. | [
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10-K | 0001728688-18-000027 | 20181207132824 | 20180930 | i3 Verticals, Inc. | In connection with the issuance of the Mezzanine Notes, the Company granted the Mezzanine Warrants to purchase 1,423,688 common units in i3 Verticals, LLC. The Mezzanine Warrants were determined to have no material value as of the grant date. The intrinsic value of the Mezzanine Warrants was $767 as of September 30, 2017, and they had an exercise price of $0.01. On June 25, 2018, in conjunction with the Reorganization Transactions described in Note 1, all existing Mezzanine Warrants were exercised for common units in i3 Verticals, LLC. The intrinsic value of the Mezzanine Warrants at that date was $9,241. The change in the fair market value of the warrants for the year ended September 30, 2018 is reflected within the consolidated statement of operations. | [
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10-K | 0001728688-18-000027 | 20181207132824 | 20180930 | i3 Verticals, Inc. | During 2014, the Company issued the Junior Subordinated Notes in the aggregate principal amount of $17,608 to unrelated and related creditors. The Junior Subordinated Notes accrued interest, payable monthly, at a fixed rate of 10.0% and were due to mature on February 14, 2019, when all outstanding principal and accrued and unpaid interest was due. However, the unsecured notes were subordinate to the Mezzanine Notes and the Senior Secured Credit Facility, which both had maturities beyond the Junior Subordinated Notes, and the provisions of the Mezzanine Notes and Senior Secured Credit Facility did not permit the payment of any subordinated debt prior to its maturity. Should the Junior Subordinated Notes have reached maturity and the terms of the Mezzanine Notes and Senior Secured Credit Facility remained in place, the term of the Junior Subordinated Notes would have been extended until after the maturity of the Mezzanine Notes and Senior Secured Credit Facility, in accordance with the terms of the Junior Subordinated Notes. | [
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10-K | 0001728688-18-000027 | 20181207132824 | 20180930 | i3 Verticals, Inc. | In connection with the issuance of the Junior Subordinated Notes, the Company granted detachable warrants (“Junior Subordinated Notes Warrants”) to purchase 1,433,920 common units in i3 Verticals, LLC. Management determined that the warrants had no material value as of the grant date, and none of the proceeds from the notes was attributed to the warrants. The warrants are accounted for as equity. See additional disclosures in Note 13. | [
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10-K | 0001728688-18-000027 | 20181207132824 | 20180930 | i3 Verticals, Inc. | In July 2017, $500 of the Junior Subordinated Notes were retired and exchanged for 148 Class A units of the Company. The fair value of the Class A units issued approximated the carrying amount of the Junior Subordinated Notes, so no extinguishment gain or loss was recognized. See additional disclosures in Note 13 and Note 15. | [
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10-K | 0001728688-18-000027 | 20181207132824 | 20180930 | i3 Verticals, Inc. | In June 2018, in connection with the Company's IPO and as part of the Reorganization Transactions, $8,054 of the Junior Subordinated Notes were converted to newly issued shares of the Company's Class A common stock, as described in Note 1, and the remaining $8,054 of the Junior Subordinated Notes was repaid with proceeds from the Company's IPO. As part of the extinguishment of the Junior Subordinated Notes, $43 of unamortized debt issuance costs were written off. | [
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10-K | 0001728688-18-000027 | 20181207132824 | 20180930 | i3 Verticals, Inc. | During the years ended September 30, 2018 and 2017, the Company incurred debt issuance costs totaling $1,170 and $254, respectively, in connection with the issuance of long-term debt. The debt issuance costs are being amortized over the related term of the debt using the straight-line method and are presented net against long-term debt in the consolidated balance sheets. As part of the April 2016 amendment to the 2016 Senior Secured Credit Facility, the Company expensed a nominal amount of unamortized debt issuance costs related to | [
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10-K | 0001728688-18-000027 | 20181207132824 | 20180930 | i3 Verticals, Inc. | Federal and state net operating loss carryforwards for the Company were $27,061 as of September 30, 2018 and will expire between years 2027 and 2038. The net operating loss carryforwards are included in Other assets within the Consolidated Balance Sheets. The use of these federal and state net operating losses is limited to the future taxable income of separate legal entities. Based on expectations of future taxable income, management believes that it is more likely than not that the results of operations for certain separate legal entities will not | [
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Subsets and Splits