Covenant Logistics Group Inc
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Penke I guess you are interested in Covenant Logistics Group Inc. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of Covenant Logistics Group Inc. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

You can find me behind Let's Analyse Together in the top-right of each section.

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Quick analysis of Covenant Logistics Group Inc (30 sec.)

What can you expect buying and holding a share of Covenant Logistics Group Inc? (30 sec.)

How much money do you get?

$0.42

When do you have the money?

1 year

How often do you get paid?

27.5%

What is your share worth?

Current worth

$29.43

Expected worth in 1 year

$32.30

How sure are you?

75.0%

+ What do you gain per year?

Total Gains per Share

$3.30

Return On Investment

7.5%

For what price can you sell your share?

Current Price per Share

$44.16

Expected price per share

$42.42 - $48.64

How sure are you?

50%

1. Valuation of Covenant Logistics Group Inc (5 min.)

Live pricePrice per Share (EOD)

$44.16

Book Value per Share

$29.43

Intrinsic Value Per Share

$-148.01 - $-53.43

Total Value Per Share

$-118.58 - $-24.00

My calculation of the intrinsic value of Covenant Logistics Group Inc is based how much money is coming from the company's main activities (Free Cash Flow).

The following numbers are based on moving averages and per share and per quarter.
I use a 6% discount rate for the low estimation and 3% for the high estimation.
The current Free Cash Flow Per Share is 10Y: ($-0.50) 3Y: ($-0.32) TTM: ($-2.43)
The change per quarter (trend) of the Free Cash Flow Per Share is 10Y: ($-0.06) 3Y: ($-0.24) TTM: ($-1.33)

Years	Total Low est.	Total High est.	Added Free Cash Flow
1	$-4.20	$-1.87	$-5.80 - $-2.29
2	$-11.62	$-4.65	$-9.61 - $-3.29
3	$-21.90	$-8.27	$-13.42 - $-4.30
4	$-34.67	$-12.70	$-17.23 - $-5.31
5	$-49.64	$-17.88	$-21.03 - $-6.32
6	$-66.50	$-23.76	$-24.84 - $-7.32
7	$-84.99	$-30.30	$-28.65 - $-8.33
8	$-104.88	$-37.45	$-32.46 - $-9.34
9	$-125.95	$-45.17	$-36.27 - $-10.35
10	$-148.01	$-53.43	$-40.08 - $-11.35

2. Growth of Covenant Logistics Group Inc (5 min.)

Is Covenant Logistics Group Inc growing?

	Current year	Previous year	Grow	Grow %
How rich?	$403.4m	$368m	$19m	4.9%

How much money is Covenant Logistics Group Inc making?

	Current year	Previous year	Grow	Grow %
Making money	$13.8m	$27.1m	-$13.3m	-96.8%
Net Profit Margin	5.0%	8.9%	-	-

How much money comes from the company's main activities?

Quarterly Yearly

3. Financial Health of Covenant Logistics Group Inc (5 min.)

4. Comparing to competitors in the Trucking industry (5 min.)

Industry Rankings (Trucking)

Richest
#18 / 44

Most Revenue
#22 / 44

Most Profit
#17 / 44

Most Efficient
#19 / 44

What can you expect buying and holding a share of Covenant Logistics Group Inc? (5 min.)

Welcome investor! Covenant Logistics Group Inc's management wants to use your money to grow the business. In return you get a share of Covenant Logistics Group Inc.

What can you expect buying and holding a share of Covenant Logistics Group Inc?

First you should know what it really means to hold a share of Covenant Logistics Group Inc. And how you can make/lose money.

Speculation

The Price per Share of Covenant Logistics Group Inc is $44.16. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

The fundamentals: the financial health trends of Covenant Logistics Group Inc.
The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Covenant Logistics Group Inc, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is $29.43. Based on the TTM, the Book Value Change Per Share is $0.72 per quarter. Based on the YOY, the Book Value Change Per Share is $1.49 per quarter.
You may receive quarterly/yearly dividend in the form of additional shares.
You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is $0.11 per quarter.

Based on historical numbers we can estimate the returns while holding a share of Covenant Logistics Group Inc.

How much money are you going to get?

	MRQ		TTM		YOY		5Y		10Y
	$	% of Price per Share	$	% of Price per Share	$	% of Price per Share	$	% of Price per Share	$	% of Price per Share
Usd Eps	0.93	2.1%	1.01	2.3%	1.77	4.0%	0.63	1.4%	0.56	1.3%
Usd Book Value Change Per Share	0.62	1.4%	0.72	1.6%	1.49	3.4%	0.55	1.2%	0.57	1.3%
Usd Dividend Per Share	0.10	0.2%	0.11	0.2%	0.07	0.2%	0.04	0.1%	0.02	0.1%
Usd Total Gains Per Share	0.73	1.6%	0.82	1.9%	1.56	3.5%	0.59	1.3%	0.59	1.3%
Usd Price Per Share	46.04	-	42.29	-	27.47	-	24.64	-	23.53	-
Price to Earnings Ratio	12.33	-	10.73	-	5.22	-	6.86	-	15.96	-
Price-to-Total Gains Ratio	63.50	-	64.98	-	21.49	-	-7.56	-	-22.33	-
Price to Book Ratio	1.56	-	1.49	-	1.14	-	1.10	-	1.49	-
Price-to-Total Gains Ratio	63.50	-	64.98	-	21.49	-	-7.56	-	-22.33	-

When do you get the money?

Usd Investment	$.00
Usd Price Per Share	44.16
Number of shares	22

Gains per Quarter	Trailing 12 Months	5 Year
Usd Dividend Per Share	0.11	0.04
Usd Book Value Change Per Share	0.72	0.55
Usd Total Gains Per Share	0.82	0.59
Gains per Quarter (22 shares)	18.14	12.98
Gains per Year (22 shares)	72.55	51.90

Years	Return on Investment (TTM)			Return on Investment (5Y)
	Dividend	Book Value gain	Total gains	Dividend	Book Value gain	Total gains
Broker costs	-	-	-10	-	-	-10
1	9	63	63	4	48	42
2	19	127	136	8	96	94
3	28	190	209	12	144	146
4	37	253	282	16	192	198
5	46	316	355	20	240	250
6	56	380	428	23	288	302
7	65	443	501	27	336	354
8	74	506	574	31	384	406
9	83	570	647	35	432	458
10	93	633	720	39	480	510

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %

	Trailing 12 Months				3Y				5 Year				10 Year				ALLTIME
				%				%				%				%				%
Earnings Per Share	4.0	0.0	0.0	100.0%	12.0	0.0	0.0	100.0%	16.0	4.0	0.0	80.0%	35.0	5.0	0.0	87.5%	87.0	29.0	0.0	75.0%
Book Value Change Per Share	4.0	0.0	0.0	100.0%	12.0	0.0	0.0	100.0%	15.0	5.0	0.0	75.0%	30.0	10.0	0.0	75.0%	76.0	40.0	0.0	65.5%
Dividend per Share	4.0	0.0	0.0	100.0%	11.0	0.0	1.0	91.7%	11.0	0.0	9.0	55.0%	11.0	0.0	29.0	27.5%	12.0	0.0	104.0	10.3%
Total Gains per Share	4.0	0.0	0.0	100.0%	12.0	0.0	0.0	100.0%	15.0	5.0	0.0	75.0%	30.0	10.0	0.0	75.0%	76.0	40.0	0.0	65.5%

Fundamentals of Covenant Logistics Group Inc

About Covenant Logistics Group Inc

https://www.covenantlogistics.com
Trucking
2900
400 Birmingham Highway, Chattanooga, TN, United States, 37419
Google Maps Bing Maps

Covenant Logistics Group, Inc., together with its subsidiaries, provides transportation and logistics services in the United States. It operates through four segments: Expedited, Dedicated, Managed Freight, and Warehousing. The Expedited segment primarily provides truckload services with high service freight and delivery standards, such as 1,000 miles in 22 hours or 15-minute delivery windows. Its Dedicated segment provides customers with committed truckload capacity over contracted periods with the goal of three to five years in length using equipment either owned or leased by the company. The Managed Freight segment offers brokerage services, including logistics capacity by outsourcing the carriage of customers' freight to third parties; and transport management services, such as logistics services on a contractual basis to customers who prefer to outsource their logistics needs. Its Warehousing segment provides day-to-day warehouse management services to customers, as well as shuttle and switching services related to shuttling containers and trailers. The company also engages in used equipment sales and leasing business. It serves transportation companies, such as parcel freight forwarders, less-than-truckload carriers, and third-party logistics providers; and traditional truckload customers, including manufacturers, retailers, and food and beverage shippers. The company was formerly known as Covenant Transportation Group, Inc. and changed its name to Covenant Logistics Group, Inc. in July 2020. Covenant Logistics Group, Inc. was founded in 1986 and is based in Chattanooga, Tennessee.

Fundamental data was last updated by Penke on 2024-04-11 05:32:05.

Financial Health

Profitability Details

	Compared to previous year	Compared to industry
The company is making a profit.
Using its assets, the company is less efficient in making profit.
Using its investors money, the company is inefficient in making profit.

Operating Efficiency Details

	Compared to previous year	Compared to industry
The company is operating less efficient.
The company is less efficient in keeping operating costs low.

Liquidity Details

	Compared to previous year	Compared to industry
The company is just able to pay all its short-term debts.
The company is just able to pay all its short-term debts with the most liquid assets.

Solvency Details

	Compared to previous year	Compared to industry
The company is able to pay all its debts by selling its assets.
The company is able to pay all its debts with equity.

Valuation

Valuation Details

	Compared to previous year	Compared to industry
Based on the equity, the company is underpriced.
Based on the earnings, the company is underpriced.
Based on how much money comes from the company's main activities, the company is expensive.

1.1. Profitability of Covenant Logistics Group Inc.

1.1. Profitability

1.1.1. Net Profit Margin

Measures how much net profit Covenant Logistics Group Inc earns for each $1 of revenue.

Above 10% is considered healthy but always compare Covenant Logistics Group Inc to the Trucking industry mean.
A Net Profit Margin of 4.7% means that $0.05 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Covenant Logistics Group Inc:

The MRQ is 4.7%. The company is making a profit. +1
The TTM is 5.0%. The company is making a profit. +1

Trends

Current period		Compared to		+/-
MRQ	4.7%	TTM	5.0%	-0.3%
TTM	5.0%	YOY	8.9%	-3.8%
TTM	5.0%	5Y	3.1%	+1.9%
5Y	3.1%	10Y	3.8%	-0.7%

Compared to industry (Trucking)

Period	Company	Industry (mean)	+/-
MRQ	4.7%	3.5%	+1.2%
TTM	5.0%	4.0%	+1.0%
YOY	8.9%	6.8%	+2.1%
5Y	3.1%	5.0%	-1.9%
10Y	3.8%	4.2%	-0.4%

Measures how much net profit Covenant Logistics Group Inc earns for each $1 of revenue.

Revenue is the amount of profit Covenant Logistics Group Inc generates before taxes and all other costs. For example, when you buy a cup of coffee it will cost you $3. The company does not earn $3 in profit but also has to pay various costs and taxes to create that cup of coffee. Let's assume the cost of creating a cup of coffee is $1.5.

The $3 you pay for a cup of coffee is called revenue.
The $1.5 that’s left over when all costs to create that cup of coffee (including taxes) are deduced from the revenue is called net profit.

The net profit margin looks at how much net profit Covenant Logistics Group Inc earns for each $1 in revenue.

How to use net profit margin

Higher profit margin is better (more profit).
Above 10% is considered healthy but always compare Covenant Logistics Group Inc to the Trucking industry mean.
Can be used to compare companies within the Trucking industry.

You typically want a high profit margin. This means that for each $1 in sales, Covenant Logistics Group Inc makes more profit. This shows the investor how efficiently Covenant Logistics Group Inc is operating in general and compared to other companies in the same industry. Covenant Logistics Group Inc operates in the Trucking industry.

Why do investors use net profit margin in their analysis

It helps investors to determine the efficiency of Covenant Logistics Group Inc. If profit margins remain low (compared to the Trucking industry mean) and there are no improvements to make in production costs or other areas that might be a warning sign. If profit margins are high that means the company has low overhead costs and is efficiently using its resources to generate profit.

The three steps every investor should look at:

What is the current net profit margin?
The current most recent quarter (MRQ) Net Profit Margin of Covenant Logistics Group Inc is 0.05. This means that Covenant Logistics Group Inc earned $0.05 for each $1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Net Profit Margin of the Trucking industry is 3.5%.
What is the trend?
The trend is important because it shows you how Covenant Logistics Group Inc is performing over time. The most recent quarter might be important if Covenant Logistics Group Inc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Covenant Logistics Group Inc up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare Covenant Logistics Group Inc with other companies in the same industry (Trucking).
Net profit margin should rise over the years.
Can be influenced when Covenant Logistics Group Inc sells assets (profit will increase while costs remain the same).
It won’t show what part of Covenant Logistics Group Inc is doing great or needs improvement (it only looks at total revenue and total net income).

How to calculate net profit margin

Net profit margin = net income / total revenue * 100%

Real example of Covenant Logistics Group Inc

You need the following data to determine net profit margin:

Income statement from the period you want to calculate (for example, MRQ or TTM).

Net income MRQ Covenant Logistics Group Inc = 12,795
Total revenue MRQ Covenant Logistics Group Inc = 273,985
$12,795 / $273,985 = 0.05 or 4.7%

Higher is better

The higher the net profit margin, the more efficient the company is generating income. This helps investors to determine how the company is managing money. The net profit margin is an important indicator when diving into the financial health of a company. Overall, you want to see the net profit margin rising over the years. That means the company improved their production and made it more efficient (if possible).

You can use the net profit margin to compare companies within the same industry. If there are two companies where one is much bigger but the smaller one has a higher net profit margin, that means the smaller company is more efficiently using operational costs.

Important: Profit margins can be very different between industries. Companies with assembly lines or transports are much more prone to see shifting in prices for fuel, ingredients and maintenance compared to companies that only provide services. You should never compare net profit margin between different industries.

1.1.2. Return on Assets

Shows how efficient Covenant Logistics Group Inc is using its assets to generate profit.

Above 5% is considered healthy but always compare Covenant Logistics Group Inc to the Trucking industry mean.
1.3% Return on Assets means that Covenant Logistics Group Inc generated $0.01 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Covenant Logistics Group Inc:

The MRQ is 1.3%. Using its assets, the company is less efficient in making profit.
The TTM is 1.6%. Using its assets, the company is less efficient in making profit.

Trends

Current period		Compared to		+/-
MRQ	1.3%	TTM	1.6%	-0.3%
TTM	1.6%	YOY	3.7%	-2.1%
TTM	1.6%	5Y	1.3%	+0.3%
5Y	1.3%	10Y	1.3%	0.0%

Compared to industry (Trucking)

Period	Company	Industry (mean)	+/-
MRQ	1.3%	1.2%	+0.1%
TTM	1.6%	1.4%	+0.2%
YOY	3.7%	2.1%	+1.6%
5Y	1.3%	1.8%	-0.5%
10Y	1.3%	1.8%	-0.5%

Shows how efficient Covenant Logistics Group Inc is using its assets to generate profit.

For a farm, a tractor is considered an asset. The tractor helps ploughing the land making it possible to plant and harvest crops. But the tractor might be old and needing maintenance all the time reducing its efficiency. Return on assets indicates how effectively the farm is using the tractor (and other assets that help the core business) to plough the land.

How to use return on assets

Higher is better.
Above 5% is considered healthy but always compare Covenant Logistics Group Inc to the Trucking industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use return on assets in their analysis

Shows the investor how effectively Covenant Logistics Group Inc is using its resources to generate profit. If the return on assets (1.3%) from Covenant Logistics Group Inc are higher than the Trucking mean (1.2%) that means Covenant Logistics Group Inc is using its resources better than their competitors. If not, that means their competitors are more efficient in using their resources to generate profit.

An investor should always look at:

What is the current return on assets?
The current most recent quarter (MRQ) Return on Assets of Covenant Logistics Group Inc is 1.3%. This means the company generated $0.01 for each $1 in assets.
How does it compare to the industry?
The mean MRQ Return on Assets of the Trucking industry is 1.2%.
What is the trend?
The trend is important because it shows you how Covenant Logistics Group Inc is performing over time. The most recent quarter might be important if Covenant Logistics Group Inc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Covenant Logistics Group Inc up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
If a company has many assets changing over time, it’s better to calculate the average assets instead of the total assets.

How to calculate return on assets

Return on assets = net income / total assets * 100%

Real example Covenant Logistics Group Inc

You need the following data to determine return on assets (ROA):

Income statement
Balance sheet

Net income MRQ (income statement) from Covenant Logistics Group Inc = 12,795
Total assets MRQ (balance sheet) from Covenant Logistics Group Inc = 1,004,385
12,795 / 1,004,385 = 0.01 or 1.3%

ROA is an important ratio as it will tell you how effectively Covenant Logistics Group Inc is using its resources to generate profits. Example:

Bob and Kristin both sell ice cream in the summer. They both have an ice cream truck. The truck Bob owes cost him $20.000 and the truck Kristin owes cost her $1500. Over the summer, Bob earned $2000 and Kristin earned $200. To calculate the return on assets:

Bob: $2000 / $20.000 * 100% = 10%
Kristin: $200 / $1500 * 100% = 13.3%

This tells you Bob’s company is more valuable but Kristin's company is more efficient. Be aware that total assets can change over time. A transportation business will buy and sell trucks or planes all the time. Before using return on assets as a guideline, you have to know what the exact assets are. For a company that has many assets changing over time, it’s better to calculate the average assets instead of the total assets.

1.1.3. Return on Equity

Shows how efficient Covenant Logistics Group Inc is using its investors money to generate profit.

Above 15%-20% is considered healthy but always compare Covenant Logistics Group Inc to the Trucking industry mean.
3.2% Return on Equity means Covenant Logistics Group Inc generated $0.03 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Covenant Logistics Group Inc:

The MRQ is 3.2%. Using its investors money, the company is inefficient in making profit. -1
The TTM is 3.6%. Using its investors money, the company is inefficient in making profit. -1

Trends

Current period		Compared to		+/-
MRQ	3.2%	TTM	3.6%	-0.4%
TTM	3.6%	YOY	7.3%	-3.8%
TTM	3.6%	5Y	2.5%	+1.1%
5Y	2.5%	10Y	3.1%	-0.6%

Compared to industry (Trucking)

Period	Company	Industry (mean)	+/-
MRQ	3.2%	1.8%	+1.4%
TTM	3.6%	2.0%	+1.6%
YOY	7.3%	4.2%	+3.1%
5Y	2.5%	3.0%	-0.5%
10Y	3.1%	3.1%	+0.0%

Shows how efficient Covenant Logistics Group Inc is using its investors money to generate profit.

A publicly traded company (any company that issues shares to the public) is owned by its shareholders. Return on equity calculates the amount of profit for every $1 the shareholders invested.

How to use return on equity

Higher is better.
Above 15%-20% is considered healthy but always compare Covenant Logistics Group Inc to the Trucking industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use return on equity in their analysis

To find out the owners/management's attitude toward their company. You typically want the owners/management to invest in the company and focus on generating profit. If not enough profit is generated (compared to the Trucking industry mean), the company might not be investing their money efficiently.

The three steps every investor should look at:

What is the current return on equity?
The current most recent quarter (MRQ) Return on Equity of Covenant Logistics Group Inc is 3.2%. This means Covenant Logistics Group Inc generated $0.03 for each $1 the owners (shareholders) invested.
How does it compare to the industry?
The mean MRQ Return on Equity of the Trucking industry is 1.8%.
What is the trend?
The trend is important because it shows you how Covenant Logistics Group Inc is performing over time. The most recent quarter might be important if Covenant Logistics Group Inc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Covenant Logistics Group Inc up to 10 years back (depending if Covenant Logistics Group Inc existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Does not include intangible assets (non physical assets like licences, computer software, etc.).
Stockholders equity and shareholders equity refer to the same thing.
Liabilities should not be more than three times return on equity.

How to calculate return on equity

Return on equity = net profit / shareholders equity * 100%

Real example of Covenant Logistics Group Inc

You need the following data to determine ROE:

Income statement
Balance sheet
Net profit MRQ (income statement) Covenant Logistics Group Inc = 12,795
Shareholders equity (balance sheet) MRQ Covenant Logistics Group Inc = 403,420
12,795 / 403,420 = 0.03 or 3.2%

A negative shareholder equity is a warning sign. It means the company has more liabilities than assets. It might also mean that the owners did not invest enough money or they are taking money out of the business.

1.2. Operating Efficiency of Covenant Logistics Group Inc.

1.2. Operating Efficiency

1.2.1. Operating Margin

Measures how efficient Covenant Logistics Group Inc is operating .

Measures how much profit Covenant Logistics Group Inc makes for each $1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
Above 15% is considered healthy but always compare Covenant Logistics Group Inc to the Trucking industry mean.
An Operating Margin of 5.1% means the company generated $0.05 for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Covenant Logistics Group Inc:

The MRQ is 5.1%. The company is operating less efficient.
The TTM is 1.0%. The company is operating less efficient.

Trends

Current period		Compared to		+/-
MRQ	5.1%	TTM	1.0%	+4.1%
TTM	1.0%	YOY	3.9%	-2.9%
TTM	1.0%	5Y	-0.8%	+1.8%
5Y	-0.8%	10Y	-1.8%	+1.0%

Compared to industry (Trucking)

Period	Company	Industry (mean)	+/-
MRQ	5.1%	4.0%	+1.1%
TTM	1.0%	4.5%	-3.5%
YOY	3.9%	4.3%	-0.4%
5Y	-0.8%	4.2%	-5.0%
10Y	-1.8%	3.7%	-5.5%

Measures how efficient Covenant Logistics Group Inc is operating .

The more effecient a company creates products or provides services, the more profit it generates.

How to use operating margin

Higher is better
Above 15% is considered healthy but always compare Covenant Logistics Group Inc to the Trucking industry mean.
Can be very different between industries
Can be used to compare companies

Why do investors use operating margin in their analysis

To determine how much profit Covenant Logistics Group Inc is making from it’s core business.

The three steps every investor should look at:

What is the current net profit margin?
The current most recent quarter (MRQ) Operating Margin of Covenant Logistics Group Inc is 5.1%. This means that Covenant Logistics Group Inc earned $0.05 for each $1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Margin of the Trucking industry is 4.0%.
What is the trend?
The trend is important because it shows you how Covenant Logistics Group Inc is performing over time. The most recent quarter might be important if Covenant Logistics Group Inc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Covenant Logistics Group Inc up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry
Can be calculated in different ways

How to calculate operating margin

Operating margin = operating earnings / total revenue

Real example of Covenant Logistics Group Inc

You need the following data to determine operating margin:

Income statement
Operating earnings MRQ Covenant Logistics Group Inc = 14,062
Total revenue MRQ Covenant Logistics Group Inc = 273,985
$14,062 / $273,985 = 0.05 or 5.1%

Operating margin is used to calculate how much profit a company makes after variable costs of production but before paying interest and taxes. Some variable costs examples are wages, raw materials, packaging, and transaction fees. The amount of variable costs is different for each company and industry. In general, a higher operating margin is better as this implicates that a company is running efficiently.

For investors, a higher operating margin is a good sign. Although you should always look at operating margin in the long term. If operating margin is fluctuating over the years this might be a sign that things are not running efficiently enough. It’s a way to check how much profit a company is making from its core business.

Operation earnings can be calculated in multiple ways:

Operation earnings = EBIT - non operating income + non operating expense
Operation earnings = Gross profit - operating expense - depreciation and amortisation
Operation earnings = Total revenue - COGS (costs of goods sold) - indirect costs

1.2.2. Operating Ratio

Measures how efficient Covenant Logistics Group Inc is keeping operating costs low.

Below 1 is considered healthy (always compare to Trucking industry mean).
An Operation Ratio of 0.95 means that the operating costs are $0.95 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of Covenant Logistics Group Inc:

The MRQ is 0.949. The company is less efficient in keeping operating costs low.
The TTM is 0.958. The company is less efficient in keeping operating costs low.

Trends

Current period		Compared to		+/-
MRQ	0.949	TTM	0.958	-0.010
TTM	0.958	YOY	0.934	+0.024
TTM	0.958	5Y	0.961	-0.003
5Y	0.961	10Y	0.951	+0.010

Compared to industry (Trucking)

Period	Company	Industry (mean)	+/-
MRQ	0.949	1.563	-0.614
TTM	0.958	1.365	-0.407
YOY	0.934	1.078	-0.144
5Y	0.961	1.102	-0.141
10Y	0.951	1.067	-0.116

Measures how efficient Covenant Logistics Group Inc is keeping operating costs low.

If the operating ratio is below 1 that means the company is making money. The lower the operating ratio, the more efficient the company.

How to use operating ratio

Lower is better.
Below 1 is considered healthy but always compare Covenant Logistics Group Inc to the Trucking industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use operating ratio in their analysis

Shows if costs of creating products and or services is increasing or decreasing. The lower the operating ratio, the more efficient the company is creating products and services.

The three steps every investor should look at:

What is the current Operatin ratio?
The current most recent quarter (MRQ) Operating Ratio of Covenant Logistics Group Inc is 94.9%. This means that Covenant Logistics Group Inc earned $0.95 for each $1 in net sales in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Ratio of the Trucking industry is 1.56.
What is the trend?
The trend is important because it shows you how Covenant Logistics Group Inc is performing over time. The most recent quarter might be important if Covenant Logistics Group Inc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Covenant Logistics Group Inc up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
You need COGS to calculate operating ratio which is not always shown in the income statement.
Does not consider debt.

How to calculate operating ratio

Operating ratio = Operating expenses + COGS \ Net sales

Real life example Covenant Logistics Group Inc

You need the following data to determine operating ratio:

Income statement

COGS is not always specified on the income statement. If so you can use the following calculation:

(cost of revenue + total operating expenses) \ total revenue
(244,141 +15,782) \ 273,985 = 0.95

The operating ratio measures the efficiency of a company at keeping low costs while generating profits from sales. It compares the total operating expenses to the net amount of sales. The total operating expenses exists of:

COGS (materials, labour, rent of facility, repairs)
Operating expenses (legal fees, marketing, wages, rent, maintenance/repairs)

Operating expenses are all the costs the company makes that are not directly tied to the production of the service or product. Where COGS are costs that are directly tied to the production of a product or service.

Do note that COGS is not always available in the income statement. Some companies include COGS in the operating expenses while others list COGS separately. To make it even more confusing, COGS is also known as “costs of sales” and costs of sales is the same as costs of revenue.

The operating ratio tells you how efficient the company is creating its products or services while keeping prices low. In this case, a lower ratio is better. Higher or rising operating ratios might tell you that costs are rising while sales are not improving or staying the same.

1.3. Liquidity of Covenant Logistics Group Inc.

1.3. Liquidity

1.3.1. Current Ratio

Measures if Covenant Logistics Group Inc is able to pay off Short-term Debt.

Above 1.5 is considered healthy (always compare to Trucking industry mean).
A Current Ratio of 1.09 means the company has $1.09 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of Covenant Logistics Group Inc:

The MRQ is 1.092. The company is just able to pay all its short-term debts.
The TTM is 1.260. The company is just able to pay all its short-term debts.

Trends

Current period		Compared to		+/-
MRQ	1.092	TTM	1.260	-0.168
TTM	1.260	YOY	1.301	-0.041
TTM	1.260	5Y	1.391	-0.131
5Y	1.391	10Y	1.454	-0.064

Compared to industry (Trucking)

Period	Company	Industry (mean)	+/-
MRQ	1.092	1.387	-0.295
TTM	1.260	1.385	-0.125
YOY	1.301	1.556	-0.255
5Y	1.391	1.569	-0.178
10Y	1.454	1.511	-0.057

Measures if Covenant Logistics Group Inc is able to pay off Short-term Debt.

How to use current ratio

Higher is better
Above 1.5 is considered healthy (always compare to Trucking industry mean).
Can be very different between industries
Can be used to compare companies

Why do investors use current ratio in their analysis

Shows if the company can pay of short term debts if needed. A company that can't pay off it's short term debts might get in trouble if they have to pay off their short term debts for whatever reason. For example, markets can change due to global events like covid-19 or the war in Ukraine versus Russia. Because debts are always taken based on future income, it might become troublesome for Covenant Logistics Group Inc if something happens in the market that will cause sales to plummet.

The three steps every investor should look at:

What is the current current Ratio?
The current most recent quarter (MRQ) Current Ratio of Covenant Logistics Group Inc is 1.09. This means Covenant Logistics Group Inc has $1.09 in assets for each $1 in short-term debts.
How does it compare to the industry?
The mean MRQ Current Ratio of the Trucking industry is 1.39.
What is the trend?
The trend is important because it shows you how Covenant Logistics Group Inc is performing over time. The most recent quarter might be important if Covenant Logistics Group Inc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Covenant Logistics Group Inc up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Might be deluded.
Not all assets can always be quickly sold.
Can be manipulated by increasing or decreasing the assets and/or liabilities.

How to calculate current ratio

Current ratio = current assets \ current liabilities

Real life example Covenant Logistics Group Inc

You need the following data to determine operating ratio:

Balance sheet
Current ratio = current assets \ current liabilities
185,945 \ 170,291) = 1.09

The current ratio measures if Covenant Logistics Group Inc is able to pay short-term debts (obligations). Short term in this context means all debt obligations that are about to expire within one year. The current ratio incorporates current liabilities and current assets. Current assets are all the assets a company has that are expected to be consumed or sold within standard business operations. You can find the current assets in the balance sheet. They consist of:

Inventory
Accounts receivable
Marketable securities
Prepaid expenses
Cash
Cash equivalents
liquid assets

The current liabilities are short term obligations that are due within one year. These consist of:

Short term debts
Dividends
Income taxes
Short-term debts
Accounts payable
Interest payments

The result shows an investor if Covenant Logistics Group Inc is able to pay all its short-term debts if they were due all at once. When the result of the above formula is below 1, then Covenant Logistics Group Inc does not have enough capital after selling all its assets to pay all short-term debts. If the ratio drops far below 1 that might indicate Covenant Logistics Group Inc is or will be in financial trouble anytime soon.

Although this gives an investor some clues, the current ratio may also be deluded. Because owning assets does not mean the company can easily sell them. Also, Accounts receivable may be quite old (they will probably never pay) which deludes the current ratio. As with all ratios, you should only compare them between the same industries and companies.

1.3.2. Quick Ratio

Measures if Covenant Logistics Group Inc is able to pay off Short-term Debt but only using the most liquid assets.

Above 1 is considered healthy but always compare Covenant Logistics Group Inc to the Trucking industry mean.
A Quick Ratio of 0.92 means the company can pay off $0.92 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Covenant Logistics Group Inc:

The MRQ is 0.916. The company is just not able to pay all its short-term debts with the most liquid assets. -1
The TTM is 1.070. The company is just able to pay all its short-term debts with the most liquid assets.

Trends

Current period		Compared to		+/-
MRQ	0.916	TTM	1.070	-0.154
TTM	1.070	YOY	1.168	-0.099
TTM	1.070	5Y	1.164	-0.094
5Y	1.164	10Y	1.231	-0.067

Compared to industry (Trucking)

Period	Company	Industry (mean)	+/-
MRQ	0.916	1.016	-0.100
TTM	1.070	1.087	-0.017
YOY	1.168	1.144	+0.024
5Y	1.164	1.176	-0.012
10Y	1.231	1.132	+0.099

Measures if Covenant Logistics Group Inc is able to pay off Short-term Debt but only using the most liquid assets.

How to use quick ratio

Higher is better.
Above 1 is considered healthy but always compare Covenant Logistics Group Inc to the Trucking industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use quick ratio in their analysis

Shows how fast Covenant Logistics Group Inc can pay off its short term debts. This shows if Covenant Logistics Group Inc can survive emergencies due to market changes or other reasons.

The three steps every investor should look at:

What is the current Quick Ratio?
The current most recent quarter (MRQ) quickRatio of Covenant Logistics Group Inc is 0.92. This means that Covenant Logistics Group Inc can pay off $0.92 for each $1 in debt (using most liquid assets).
How does it compare to the industry?
The mean MRQ Quick Ratio of the Trucking industry is 1.02.
What is the trend?
The trend is important because it shows you how Covenant Logistics Group Inc is performing over time. The most recent quarter might be important if Covenant Logistics Group Inc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Covenant Logistics Group Inc up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Incorporates only most liquid assets.

How to calculate quick ratio

Quick ratio = cash and equivalents + marketable securities + accounts receivable / current liabilities

Real life example Covenant Logistics Group Inc

You need the following data to determine operating ratio:

Balance sheet
Quick ratio = cash and short-term investments + short-term investments + netReceivables / total current liabilities
MRQ quick ratio Covenant Logistics Group Inc: (2,294 + 0 +153,610) / 170,291 = 0.92

The quick ratio measures the same thing as the current ratio, only it uses the most liquid assets a company has. Meaning, the assets that can be sold for cash the easiest and fastest.

As the quick ratio only incorporates the most liquid assets, you should also check the current ratio which also includes less liquid assets. But they may be harder to sell.

1.4. Solvency of Covenant Logistics Group Inc.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Measures how much % of Covenant Logistics Group Inc assets are financed with debt.

Below 1 (100%) is considered healthy but always compare Covenant Logistics Group Inc to Trucking industry mean.
A Debt to Asset Ratio of 0.60 means that Covenant Logistics Group Inc assets are financed with 59.8% credit (debt) and the remaining percentage (100% - 59.8%) is financed by its owners/shareholders.

Let's take a look of the Debt to Asset Ratio trends of Covenant Logistics Group Inc:

The MRQ is 0.598. The company is able to pay all its debts by selling its assets. +1
The TTM is 0.559. The company is able to pay all its debts by selling its assets. +1

Trends

Current period		Compared to		+/-
MRQ	0.598	TTM	0.559	+0.040
TTM	0.559	YOY	0.493	+0.066
TTM	0.559	5Y	0.554	+0.005
5Y	0.554	10Y	0.598	-0.044

Compared to industry (Trucking)

Period	Company	Industry (mean)	+/-
MRQ	0.598	0.492	+0.106
TTM	0.559	0.486	+0.073
YOY	0.493	0.490	+0.003
5Y	0.554	0.473	+0.081
10Y	0.598	0.449	+0.149

Measures how much % of Covenant Logistics Group Inc assets are financed with debt.

When there are more debts than assets, that means creditors have a larger stake Covenant Logistics Group Inc than its shareholders.

How to use debt to asset ratio

Lower is better.
below 1 (100%) is considered healthy but always compare Covenant Logistics Group Inc to Trucking industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use the debt to asset ratio in their analysis

It shows how much debt the company used to finance its assets. If a company is almost entirely financed with debt that means the company might get into serious trouble when emergencies arise like a raise in interest.

The three steps every investor should look at:

What is the current debt to asset ratio?
The current most recent quarter (MRQ) Debt to Asset Ratio of Covenant Logistics Group Inc is 0.60. This means means that Covenant Logistics Group Inc is financed with 59.8% credit and the remaining percentage is financed by it's owners (shareholders).
How does it compare to the industry?
The mean MRQ Current Ratio of the Trucking industry is 138.7%.
What is the trend?
The trend is important because it shows you how Covenant Logistics Group Inc is performing over time. The most recent quarter might be important if Covenant Logistics Group Inc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Covenant Logistics Group Inc up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry
Some companies can have higher debt to assets ratio's (for example, banks).
Debt to asset ratio should improve over the years.
If the debt to asset ratio is above 1, look at the industry mean and find out why Covenant Logistics Group Inc has so much debt.

How to calculate debt to asset ratio

Debt to asset ratio = total debt \ total assets

Real life example Covenant Logistics Group Inc

You need the following data to determine debt to asset ratio:

Balance sheet
Debt to asset ratio = total debt \ total assets
600,965 \ 1,004,385 = 59.8% or 0.60.

The debt to total assets ratio shows if the company is owned by creditors or shareholders. Or in other words, the total debt in relation to the total amount of assets. It shows how much debt the company used to finance its assets.

1.4.2. Debt to Equity Ratio

Measures if Covenant Logistics Group Inc is able to pay off its debts by using shareholders equity.

Below 2 is considered healthy but always compare Covenant Logistics Group Inc to the Trucking industry mean.
A Debt to Equity ratio of 149.0% means that company has $1.49 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Covenant Logistics Group Inc:

The MRQ is 1.490. The company is able to pay all its debts with equity. +1
The TTM is 1.277. The company is able to pay all its debts with equity. +1

Trends

Current period		Compared to		+/-
MRQ	1.490	TTM	1.277	+0.213
TTM	1.277	YOY	0.978	+0.299
TTM	1.277	5Y	1.273	+0.004
5Y	1.273	10Y	1.610	-0.337

Compared to industry (Trucking)

Period	Company	Industry (mean)	+/-
MRQ	1.490	0.970	+0.520
TTM	1.277	1.002	+0.275
YOY	0.978	1.016	-0.038
5Y	1.273	0.909	+0.364
10Y	1.610	0.870	+0.740

Measures if Covenant Logistics Group Inc is able to pay off its debts by using shareholders equity.

How to use debt to equity ratio

Lower is better.
Below 2 is considered healthy (always use industry average).
Can be very different between industries.
Can be used to compare companies.

Why do investors use the debt to shareholders equity ratio in their analysis

It shows how much debt the company uses to finance their operations. Shareholders equity is whats left over when you subtract total liabilities from total assets. It's another way to meassure how much of Covenant Logistics Group Inc is financed with debt or own resources.

The three steps every investor should look at:

What is the current debt to equity ratio?
The current most recent quarter (MRQ) quickRatio of Covenant Logistics Group Inc is 1.49. This means that Covenant Logistics Group Inc can pay off $1.49 for each $1 in debt.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Trucking industry is 0.97.
What is the trend?
The trend is important because it shows you how Covenant Logistics Group Inc is performing over time. The most recent quarter might be important if Covenant Logistics Group Inc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Covenant Logistics Group Inc up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Not all debt is equally risky (for example, short term risk is less risky).

How to calculate debt to equity ratio

Debt to equity ratio = total debt \ shareholders equity.

Real life example Covenant Logistics Group Inc

You need the following data to determine equity ratio:

Balance sheet
Debt to equity ratio = total debt \ shareholders equity
600,965 \ 403,420 = 1.49 or 149.0%

Debt to equity measures the total debt versus the total shareholders equity. While the total debts to total assets ratio uses total assets, the debt to equity ratio looks at the total equity of shareholders. Where equity of shareholders are:

Common shares.
Preferred shares.
Retained earnings.

You can find the shareholders' equity in the balance sheet. A ratio between 0,5 and 1,5 is preferred. If the ratio is above 1.5, that would indicate creditors have significantly more stake (debt) in the company than the shareholders. In other words, the company is using a lot of debt to finance their operations.

Not all debt is equally risky. Meaning you can adjust the ratio by including or excluding certain amounts of debt. Short term debts are less risky because they have to be paid back within one year anyway. It’s much easier to plan one year ahead versus five or ten years.

2. Market Valuation of Covenant Logistics Group Inc

2.1. Earnings Per Share

2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every $1 in earnings Covenant Logistics Group Inc generates.

Above 15 is considered overpriced but always compare Covenant Logistics Group Inc to the Trucking industry mean.
A PE ratio of 12.33 means the investor is paying $12.33 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Covenant Logistics Group Inc:

The EOD is 11.829. Based on the earnings, the company is underpriced. +1
The MRQ is 12.333. Based on the earnings, the company is underpriced. +1
The TTM is 10.731. Based on the earnings, the company is underpriced. +1

Trends

Current period		Compared to		+/-
EOD	11.829	MRQ	12.333	-0.504
MRQ	12.333	TTM	10.731	+1.603
TTM	10.731	YOY	5.223	+5.508
TTM	10.731	5Y	6.863	+3.867
5Y	6.863	10Y	15.960	-9.096

Compared to industry (Trucking)

Period	Company	Industry (mean)	+/-
EOD	11.829	14.811	-2.982
MRQ	12.333	16.114	-3.781
TTM	10.731	16.364	-5.633
YOY	5.223	10.966	-5.743
5Y	6.863	16.110	-9.247
10Y	15.960	22.196	-6.236

Measures how much money you pay for each share for every $1 in earnings Covenant Logistics Group Inc generates.

Indicates if the company’s shares are under or overvalued.

How to use PE ratio

Above 15 is considered overpriced but is hard to determine. Always compare Covenant Logistics Group Inc to the Trucking industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use PE ratio in their analysis

The PE ratio tells investors the current sentiment in the market for that company. As with every stock, the stock price never shows the real valuation of a company but rather how the market thinks how much the stock is worth.

In other words, the current stock price also incorporates any future earnings or business opportunities in the future. The best example is the stock market crash in 2000. The PE ratio for any internet based company was going through the roof. Only based on the general assumption the internet and all associated businesses would thrive in the future. But this was based on nothing. A business still needs a good product or service to be able to survive. Instead, every investor bought any stock which did something related to the internet. Result: huge market crash.

Many investors were willing to pay premium prices and that was causing the PE ratio to rise. A high PE ratio is a warning sign that investors might be overvaluing a stock based on future earnings.

The three steps every investor should look at:

What is the current PE Ratio?
The current most recent quarter (MRQ) PE Ratio of Covenant Logistics Group Inc is 12.33. This means the investor is paying $12.33 for every $1 in earnings.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Trucking industry is 16.11.
What is the trend?
The trend is important because it shows you how Covenant Logistics Group Inc is performing over time. The most recent quarter might be important if Covenant Logistics Group Inc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Covenant Logistics Group Inc up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Some industries might have very high or very low PE ratios in general.
PE ratios can be high for several years, it does not mean a sudden collapse is imminent.
Earnings growth is not included in the PE ratio.

How to calculate PE ratio

PE ratio = market value per share \ earnings per share

Real life example Covenant Logistics Group Inc

You need the following data to determine the PE ratio:

Balance sheet
Income statement

The PE ratio is a very commonly used ratio to determine the value of a company by comparing the current stock price relative to its earnings per share (EPS). Before we can calculate the PE ratio we need to know the EPS. EPS is calculated as follows:

EPS = (net profit - preferred dividends) \ end of period outstanding shares*
Net profit = revenue - expenses
0 \ 13,710 = EPS
PE ratio MRQ = 12.33

* The net profit minus preferred dividends can be found in the incomestatement as netIncomeApplicableToCommonShares.

The PE value helps investors to determine if the current stock price is under or overvalued. It also projects future growth.

In general, a higher PE ratio means that investors predict higher future growth. If the PE ratio is too high, then investors expect way too much future growth the company can never fulfil. This is most likely to happen in faster moving companies like tech companies or automobile companies like Tesla. These are hot and booming markets where investors expect much future growth driven by new technology (electric cars). When looking at the current MRQ (most recent quarter) PE ratio of Tesla ( jan. 2021) it's about 247 while the average in the industry is only 6. That might be a clue that Tesla is trading for way too high prices compared to their current assets and is more based on future growth.

2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Covenant Logistics Group Inc:

The EOD is -2.054. Based on how much money comes from the company's main activities, the company is expensive. -2
The MRQ is -2.141. Based on how much money comes from the company's main activities, the company is expensive. -2
The TTM is -7.974. Based on how much money comes from the company's main activities, the company is expensive. -2

Trends

Current period		Compared to		+/-
EOD	-2.054	MRQ	-2.141	+0.087
MRQ	-2.141	TTM	-7.974	+5.833
TTM	-7.974	YOY	-29.489	+21.515
TTM	-7.974	5Y	-6.730	-1.244
5Y	-6.730	10Y	-5.946	-0.784

Compared to industry (Trucking)

Period	Company	Industry (mean)	+/-
EOD	-2.054	5.372	-7.426
MRQ	-2.141	5.567	-7.708
TTM	-7.974	5.817	-13.791
YOY	-29.489	5.096	-34.585
5Y	-6.730	5.023	-11.753
10Y	-5.946	3.983	-9.929

2. Book Value per Share

2.3. Price to Book Ratio

Measures if the stock price of Covenant Logistics Group Inc is to cheap or to expensive compared to its book value.

At or below 1 is considered healthy (always compare to Trucking industry mean).
A PB ratio of 1.56 means the investor is paying $1.56 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of Covenant Logistics Group Inc:

The EOD is 1.501. Based on the equity, the company is underpriced. +1
The MRQ is 1.565. Based on the equity, the company is underpriced. +1
The TTM is 1.495. Based on the equity, the company is underpriced. +1

Trends

Current period		Compared to		+/-
EOD	1.501	MRQ	1.565	-0.064
MRQ	1.565	TTM	1.495	+0.070
TTM	1.495	YOY	1.136	+0.359
TTM	1.495	5Y	1.100	+0.395
5Y	1.100	10Y	1.494	-0.394

Compared to industry (Trucking)

Period	Company	Industry (mean)	+/-
EOD	1.501	1.574	-0.073
MRQ	1.565	1.614	-0.049
TTM	1.495	1.696	-0.201
YOY	1.136	1.692	-0.556
5Y	1.100	1.720	-0.620
10Y	1.494	2.022	-0.528

2. Total Gains per Share

3. Holders & Insider Transactions

Let's take a look at which institutions, funds and insiders are holding shares of Covenant Logistics Group Inc.

3.1. Institutions holding Covenant Logistics Group Inc

Institutions are holding 65.552% of the shares of Covenant Logistics Group Inc.

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2023-12-31	BlackRock Inc	8.6285	0.0013	1127876	30729	2.8008
2023-12-31	Dimensional Fund Advisors, Inc.	6.0121	0.0106	785872	-2474	-0.3138
2023-12-31	LSV Asset Management	4.3015	0.0565	562277	-17113	-2.9536
2023-12-31	Vanguard Group Inc	3.4117	0.0005	445965	11507	2.6486
2023-12-31	Scopus Asset Management, LLC	3.0038	0.4568	392643	-15291	-3.7484
2023-12-31	Patton Albertson & Miller LLC	2.1854	2.1942	285671	2282	0.8053
2023-12-31	Acadian Asset Management LLC	2.0129	0.047	263112	-11000	-4.013
2023-12-31	State Street Corporation	1.5156	0.0004	198107	1054	0.5349
2023-12-31	Geode Capital Management, LLC	1.3758	0.0009	179844	8098	4.7151
2023-12-31	Bridgeway Capital Management, LLC	1.2138	0.1567	158664	-10661	-6.2962
2023-09-30	Jacobs Levy Equity Management, Inc.	1.0803	0.0367	141212	-37994	-21.2013
2023-12-31	Millennium Management LLC	1.0514	0.0027	137431	24210	21.383
2023-12-31	Charles Schwab Investment Management Inc	0.8604	0.0013	112472	2935	2.6795
2023-12-31	Bank of New York Mellon Corp	0.8402	0.001	109827	-15888	-12.6381
2023-12-31	American Century Companies Inc	0.8238	0.0034	107683	-24448	-18.5028
2023-12-31	Northern Trust Corp	0.6573	0.0007	85916	2742	3.2967
2023-12-31	Foundry Partners, LLC	0.5627	0.2039	73551	6256	9.2964
2023-12-31	Goldman Sachs Group Inc	0.5605	0.0003	73268	38255	109.2594
2023-12-31	Empowered Funds, LLC	0.5605	0.0847	73264	-10661	-12.703
2023-12-31	AQR Capital Management LLC	0.5265	0.006	68822	-537	-0.7742
Total		41.1847	3.2656	5383477	-17999	-0.3%

3.2. Funds holding Covenant Logistics Group Inc

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2024-02-29	Vanguard Total Stock Mkt Idx Inv	1.6035	0.0007	209606	0	0
2024-02-29	DFA US Small Cap Value I	1.5615	0.0646	204109	0	0
2024-03-28	iShares Russell 2000 ETF	1.5487	0.0143	202440	99	0.0489
2024-02-29	Vanguard Institutional Extnd Mkt Idx Tr	0.988	0.0062	129151	-998	-0.7668
2024-02-29	BlackRock Advantage Small Cap Core Instl	0.9821	0.1781	128376	-7307	-5.3853
2024-02-29	DFA US Targeted Value I	0.6998	0.0345	91476	0	0
2023-12-31	Bridgeway Omni Small-Cap Value	0.6533	0.3062	85400	0	0
2023-12-31	Bridgeway Omni Small-Cap Value N	0.6533	0.3068	85400	0	0
2024-01-31	Fidelity Small Cap Index	0.6466	0.0165	84526	1012	1.2118
2024-03-28	EA Bridgeway Omni Small-Cap Value ETF	0.606	0.2984	79214	0	0
2024-03-28	iShares Russell 2000 Value ETF	0.5969	0.0289	78030	-49	-0.0628
2024-03-29	Dimensional US Targeted Value ETF	0.5935	0.0358	77579	0	0
2024-03-29	Avantis US Small Cap Value ETF	0.5393	0.0301	70490	0	0
2024-03-29	Schwab Fundamental US Small Company ETF	0.5312	0.0386	69437	0	0
2024-02-29	State St Russell Sm/Mid Cp® Indx NL Cl C	0.5077	0.0077	66370	800	1.2201
2024-02-29	DFA US Small Cap I	0.4843	0.0199	63300	0	0
2023-12-31	Acadian Global Small-Cap Equity CIT Cl A	0.4502	0.8499	58843	0	0
2024-02-29	Optimum Small-Mid Cap Value Instl	0.4498	0.436	58800	-300	-0.5076
2024-02-29	DFA US Micro Cap I	0.4445	0.0395	58109	0	0
2024-02-29	Foundry Partnersl Sm Cp Val Inv	0.3961	0.9316	51774	994	1.9575
Total		14.9363	3.6443	1952430	-5749	-0.3%

3.3. Insider Transactions

Insiders are holding 27.563% of the shares of Covenant Logistics Group Inc.

Date	Owner	Type	Amount	Price
2024-02-26	David Ray Parker	SELL	55000	51.47
2024-02-22	David Ray Parker	SELL	23000	51.88
2024-02-21	Samuel F Hough	SELL	4000	51.55
2024-02-20	David Ray Parker	SELL	20000	51.94
2024-02-16	David Ray Parker	SELL	5000	54.43
2024-01-26	Joey B Hogan	SELL	10000	50.37
2024-01-26	Matisse Long	SELL	667	50.17
2023-05-22	Joey B Hogan	SELL	2028	40.28

4. Summary

4.1. Key Performance Indicators

The key performance indicators of Covenant Logistics Group Inc compared to the Most Recent Quarter (MRQ).

	End of day	+/-	Most Recent Quarter	Trailing 12 Months	+/-	Year-Over-Year	+/-	5 Year	+/-	10 Year	+/-
Book Value Change Per Share	-	-	0.620	0.719	-14%	1.487	-58%	0.546	+14%	0.569	+9%
Book Value Per Share	-	-	29.425	28.237	+4%	24.016	+23%	21.571	+36%	16.933	+74%
Current Ratio	-	-	1.092	1.260	-13%	1.301	-16%	1.391	-21%	1.454	-25%
Debt To Asset Ratio	-	-	0.598	0.559	+7%	0.493	+21%	0.554	+8%	0.598	+0%
Debt To Equity Ratio	-	-	1.490	1.277	+17%	0.978	+52%	1.273	+17%	1.610	-7%
Dividend Per Share	-	-	0.105	0.105	-1%	0.070	+50%	0.044	+136%	0.022	+373%
Eps	-	-	0.933	1.006	-7%	1.769	-47%	0.632	+48%	0.557	+68%
Free Cash Flow Per Share	-	-	-5.375	-2.426	-55%	0.911	-690%	-0.476	-91%	-0.498	-91%
Free Cash Flow To Equity Per Share	-	-	-1.410	-0.863	-39%	0.715	-297%	-1.002	-29%	-0.749	-47%
Gross Profit Margin	-	-	-0.039	0.740	-105%	1.000	-104%	0.948	-104%	0.974	-104%
Intrinsic Value_10Y_max	-	-	-53.428	-	-	-	-	-	-	-	-
Intrinsic Value_10Y_min	-	-	-148.005	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_max	-	-	-1.870	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_min	-	-	-4.198	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_max	-	-	-8.274	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_min	-	-	-21.898	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_max	-	-	-17.879	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_min	-	-	-49.638	-	-	-	-	-	-	-	-
Market Cap	473461440.000	-33%	631208400.000	579376077.500	+9%	418736827.500	+51%	387189367.250	+63%	394744902.625	+60%
Net Profit Margin	-	-	0.047	0.050	-7%	0.089	-47%	0.031	+51%	0.038	+24%
Operating Margin	-	-	0.051	0.010	+407%	0.039	+31%	-0.008	+116%	-0.018	+136%
Operating Ratio	-	-	0.949	0.958	-1%	0.934	+2%	0.961	-1%	0.951	0%
Pb Ratio	1.501	-4%	1.565	1.495	+5%	1.136	+38%	1.100	+42%	1.494	+5%
Pe Ratio	11.829	-4%	12.333	10.731	+15%	5.223	+136%	6.863	+80%	15.960	-23%
Price Per Share	44.160	-4%	46.040	42.285	+9%	27.473	+68%	24.642	+87%	23.529	+96%
Price To Free Cash Flow Ratio	-2.054	+4%	-2.141	-7.974	+272%	-29.489	+1277%	-6.730	+214%	-5.946	+178%
Price To Total Gains Ratio	60.902	-4%	63.495	64.979	-2%	21.491	+195%	-7.565	+112%	-22.330	+135%
Quick Ratio	-	-	0.916	1.070	-14%	1.168	-22%	1.164	-21%	1.231	-26%
Return On Assets	-	-	0.013	0.016	-20%	0.037	-66%	0.013	-2%	0.013	-5%
Return On Equity	-	-	0.032	0.036	-11%	0.073	-57%	0.025	+26%	0.031	+2%
Total Gains Per Share	-	-	0.725	0.824	-12%	1.557	-53%	0.590	+23%	0.591	+23%
Usd Book Value	-	-	403420000.000	387067250.000	+4%	368038500.000	+10%	347451900.000	+16%	284512950.000	+42%
Usd Book Value Change Per Share	-	-	0.620	0.719	-14%	1.487	-58%	0.546	+14%	0.569	+9%
Usd Book Value Per Share	-	-	29.425	28.237	+4%	24.016	+23%	21.571	+36%	16.933	+74%
Usd Dividend Per Share	-	-	0.105	0.105	-1%	0.070	+50%	0.044	+136%	0.022	+373%
Usd Eps	-	-	0.933	1.006	-7%	1.769	-47%	0.632	+48%	0.557	+68%
Usd Free Cash Flow	-	-	-73692000.000	-33191500.000	-55%	14690500.000	-602%	-7066100.000	-90%	-7909950.000	-89%
Usd Free Cash Flow Per Share	-	-	-5.375	-2.426	-55%	0.911	-690%	-0.476	-91%	-0.498	-91%
Usd Free Cash Flow To Equity Per Share	-	-	-1.410	-0.863	-39%	0.715	-297%	-1.002	-29%	-0.749	-47%
Usd Market Cap	473461440.000	-33%	631208400.000	579376077.500	+9%	418736827.500	+51%	387189367.250	+63%	394744902.625	+60%
Usd Price Per Share	44.160	-4%	46.040	42.285	+9%	27.473	+68%	24.642	+87%	23.529	+96%
Usd Profit	-	-	12795000.000	13807250.000	-7%	27170500.000	-53%	9519950.000	+34%	9125575.000	+40%
Usd Revenue	-	-	273985000.000	275893250.000	-1%	304214500.000	-10%	255113050.000	+7%	220164875.000	+24%
Usd Total Gains Per Share	-	-	0.725	0.824	-12%	1.557	-53%	0.590	+23%	0.591	+23%
	EOD	+3 -5	MRQ	TTM	+8 -28	YOY	+10 -26	5Y	+21 -15	10Y	+23 -13

4.2. Fundamental Score

Let's check the fundamental score of Covenant Logistics Group Inc based on Penke's default stock scanner.

Penke's Stock Scanner

Indicator	Condition		Value
Price to Earnings Ratio (EOD)	Between	0-15	11.829
Price to Book Ratio (EOD)	Between	0-1	1.501
Net Profit Margin (MRQ)	Greater than	0	0.047
Operating Margin (MRQ)	Greater than	0	0.051
Quick Ratio (MRQ)	Greater than	1	0.916
Current Ratio (MRQ)	Greater than	1	1.092
Debt to Asset Ratio (MRQ)	Less than	1	0.598
Debt to Equity Ratio (MRQ)	Less than	1	1.490
Return on Equity (MRQ)	Greater than	0.15	0.032
Return on Assets (MRQ)	Greater than	0.05	0.013
Total			5/10 (50.0%)

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4.3. Technical Score

Let's check the technical score of Covenant Logistics Group Inc based on Penke's default Symbol scanner.

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	42.262
Ma 20	Greater than	Ma 50	45.286
Ma 50	Greater than	Ma 100	46.872
Ma 100	Greater than	Ma 200	46.602
Open	Greater than	Close	43.930
Total			2/5 (40.0%)

Create your own Symbol Scanner

Trading is personal. The best traders buy and sell based on their own technical analysis. Create your personal Symbol Scanner with the technical indicators that are important to you.
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Latest Balance Sheet

Balance Sheet of 2023-12-31. Currency in USD. All numbers in thousands.

Summary

Total Assets	1,004,385
Total Liabilities	600,965
Total Stockholder Equity	403,420

	As reported
Total Liabilities	600,965
Total Stockholder Equity	+ 403,420
Total Assets	= 1,004,385

Assets

Total Assets	1,004,385
Total Current Assets	185,945
Long-term Assets	818,440

Total Current Assets

Total Current Assets (as reported)	185,945
Cash And Cash Equivalents	2,294
Net Receivables	153,610
Inventory	4,848
Other Current Assets	25,193
Total Current Assets (calculated)	185,945
+/-	0

Long-term Assets

Long-term Assets (as reported)	818,440
Property Plant Equipment	514,655
Goodwill	75,747
Long Term Investments	66,327
Intangible Assets	99,615
Long-term Assets Other	7,485
Long-term Assets (calculated)	763,829
+/-	54,611

Liabilities & Shareholders' Equity

Total Current Liabilities	170,291
Long-term Liabilities	430,674
Total Stockholder Equity	403,420

Total Current Liabilities

Total Current Liabilities (as reported)	170,291
Short-term Debt	60,382
Short Long Term Debt	47,651
Accounts payable	33,155
Other Current Liabilities	76,754
Total Current Liabilities (calculated)	217,942
+/-	47,651

Long-term Liabilities

Long-term Liabilities (as reported)	430,674
Long term Debt	196,894
Capital Lease Obligations	48,919
Long-term Liabilities Other	14,169
Long-term Liabilities (calculated)	259,982
+/-	170,692

Total Stockholder Equity

Total Stockholder Equity (as reported)	403,420
Common Stock	185
Retained Earnings	378,919
Accumulated Other Comprehensive Income	816
Other Stockholders Equity	23,500
Total Stockholder Equity (calculated)	403,420
+/-	0

Other

Capital Stock	185
Cash and Short Term Investments	2,294
Common Stock Shares Outstanding	13,710
Liabilities and Stockholders Equity	1,004,385
Net Debt	291,170
Net Invested Capital	647,965
Net Working Capital	15,654
Property Plant and Equipment Gross	692,532
Short Long Term Debt Total	293,464

Balance Sheet

Currency in USD. All numbers in thousands.

Trend

2023-12-31

2023-09-30

2023-06-30

2023-03-31

2022-12-31

2022-09-30

2022-06-30

2022-03-31

2021-12-31

2021-09-30

2021-06-30

2021-03-31

2020-12-31

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2015-09-30

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2014-12-31

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2014-06-30

2014-03-31

2013-12-31

2013-09-30

2013-06-30

2013-03-31

2012-12-31

2012-09-30

2012-06-30

2012-03-31

2011-12-31

2011-09-30

2011-06-30

2011-03-31

2010-12-31

2010-09-30

2010-06-30

2010-03-31

2009-12-31

2009-09-30

2009-06-30

2009-03-31

2008-12-31

2008-09-30

2008-06-30

2008-03-31

2007-12-31

2007-09-30

2007-06-30

2007-03-31

2006-12-31

2006-09-30

2006-06-30

2006-03-31

2005-12-31

2005-09-30

2005-06-30

2005-03-31

2004-12-31

2004-09-30

2004-06-30

2004-03-31

2003-12-31

2003-09-30

2003-06-30

2003-03-31

2002-12-31

2002-09-30

2002-06-30

2002-03-31

2001-12-31

2001-09-30

2001-06-30

2001-03-31

2000-12-31

2000-09-30

2000-06-30

2000-03-31

1999-12-31

1999-09-30

1999-06-30

1999-03-31

1998-12-31

1998-09-30

1998-06-30

1998-03-31

1997-12-31

1997-09-30

1997-06-30

1997-03-31

1996-12-31

1996-09-30

1996-06-30

1996-03-31

1995-12-31

1995-09-30

1995-06-30

1995-03-31

> Total Assets

128,700
144,600
150,100
112,600
172,100
169,381
191,297
187,148
202,406
202,847
204,074
215,256
238,891
250,084
249,059
272,959
273,090
276,093
294,850
383,974
386,701
374,835
386,243
390,513
388,321
385,839
386,792
349,782
349,782
355,777
344,693
361,541
349,739
336,467
339,590
354,281
335,331
351,623
351,976
360,026
347,588
373,343
368,461
371,261
370,673
355,690
478,990
475,094
480,866
470,173
454,233
439,794
436,347
489,956
456,622
393,676
367,885
379,368
382,733
398,312
392,849
423,191
441,678
432,366
430,201
425,013
429,830
439,825
433,466
403,879
395,945
400,232
397,648
416,471
424,865
469,741
461,959
471,886
470,163
553,716
528,778
545,298
595,337
646,329
569,531
587,679
606,982
619,788
609,429
615,920
650,289
649,668
655,333
729,826
747,482
773,524
836,074
851,529
901,607
881,850
912,684
861,089
723,833
676,716
647,912
663,739
703,954
651,662
660,069
701,018
756,716
796,645
764,855
870,506
892,158
1,004,385

1,004,385

892,158

870,506

764,855

796,645

756,716

701,018

660,069

651,662

703,954

663,739

647,912

676,716

723,833

861,089

912,684

881,850

901,607

851,529

836,074

773,524

747,482

729,826

655,333

649,668

650,289

615,920

609,429

619,788

606,982

587,679

569,531

646,329

595,337

545,298

528,778

553,716

470,163

471,886

461,959

469,741

424,865

416,471

397,648

400,232

395,945

403,879

433,466

439,825

429,830

425,013

430,201

432,366

441,678

423,191

392,849

398,312

382,733

379,368

367,885

393,676

456,622

489,956

436,347

439,794

454,233

470,173

480,866

475,094

478,990

355,690

370,673

371,261

368,461

373,343

347,588

360,026

351,976

351,623

335,331

354,281

339,590

336,467

349,739

361,541

344,693

355,777

349,782

386,792

385,839

388,321

390,513

386,243

374,835

386,701

383,974

294,850

276,093

273,090

272,959

249,059

250,084

238,891

215,256

204,074

202,847

202,406

187,148

191,297

169,381

172,100

112,600

150,100

144,600

128,700

> Total Current Assets

22,400
30,000
30,500
24,500
35,000
40,853
42,981
41,587
48,172
43,096
44,017
47,372
57,858
57,486
59,067
66,119
65,864
67,517
70,701
99,302
100,178
99,585
102,729
109,266
100,073
96,526
98,591
93,579
93,579
99,391
94,710
99,929
104,540
99,664
97,560
109,432
104,625
120,566
113,265
127,338
109,399
119,066
131,413
130,096
112,720
128,786
172,351
143,367
152,977
147,791
144,228
136,750
149,528
165,386
169,625
127,290
110,942
108,037
96,425
101,827
96,797
98,831
98,064
91,138
90,599
92,524
93,813
108,401
104,757
114,274
112,517
108,310
114,163
117,121
118,117
123,450
128,770
137,092
124,607
156,763
132,324
136,050
118,389
172,837
98,643
108,402
114,844
134,963
115,288
134,046
149,210
162,314
171,787
266,073
191,534
211,644
226,045
225,614
246,068
254,385
282,544
346,339
200,798
147,796
144,397
200,875
239,191
188,527
168,966
172,987
213,277
222,656
204,989
198,948
202,506
185,945

185,945

202,506

198,948

204,989

222,656

213,277

172,987

168,966

188,527

239,191

200,875

144,397

147,796

200,798

346,339

282,544

254,385

246,068

225,614

226,045

211,644

191,534

266,073

171,787

162,314

149,210

134,046

115,288

134,963

114,844

108,402

98,643

172,837

118,389

136,050

132,324

156,763

124,607

137,092

128,770

123,450

118,117

117,121

114,163

108,310

112,517

114,274

104,757

108,401

93,813

92,524

90,599

91,138

98,064

98,831

96,797

101,827

96,425

108,037

110,942

127,290

169,625

165,386

149,528

136,750

144,228

147,791

152,977

143,367

172,351

128,786

112,720

130,096

131,413

119,066

109,399

127,338

113,265

120,566

104,625

109,432

97,560

99,664

104,540

99,929

94,710

99,391

93,579

98,591

96,526

100,073

109,266

102,729

99,585

100,178

99,302

70,701

67,517

65,864

66,119

59,067

57,486

57,858

47,372

44,017

43,096

48,172

41,587

42,981

40,853

35,000

24,500

30,500

30,000

22,400

Cash And Cash Equivalents

400
500
200
500
900
461
3,222
3,492
4,265
390
2,666
2,610
7,353
111
450
2,926
794
763
661
1,046
729
1,061
383
2,287
780
589
1,054
383
383
1,155
1,132
42
1,593
2,863
1,837
3,306
2,194
5,915
943
5,066
1,459
143
3,656
3,618
1,135
2,583
8,328
5,407
4,305
4,804
4,372
4,500
5,222
8,844
6,166
6,300
19,534
11,789
7,132
12,221
9,931
4,304
6,546
9,361
5,235
2,281
3,377
3,895
3,814
4,386
7,664
6,846
8,549
9,054
10,526
9,263
19,918
19,351
17,234
21,330
16,290
23,770
14,022
4,490
3,690
8,433
5,027
7,750
7,252
18,691
8,277
15,356
38,371
122,146
19,612
23,127
31,001
28,823
39,795
43,591
39,655
67,127
13,734
8,407
4,790
4,966
22,188
8,412
7,144
4,463
59,257
68,665
54,584
7,817
7,388
2,294

2,294

7,388

7,817

54,584

68,665

59,257

4,463

7,144

8,412

22,188

4,966

4,790

8,407

13,734

67,127

39,655

43,591

39,795

28,823

31,001

23,127

19,612

122,146

38,371

15,356

8,277

18,691

7,252

7,750

5,027

8,433

3,690

4,490

14,022

23,770

16,290

21,330

17,234

19,351

19,918

9,263

10,526

9,054

8,549

6,846

7,664

4,386

3,814

3,895

3,377

2,281

5,235

9,361

6,546

4,304

9,931

12,221

7,132

11,789

19,534

6,300

6,166

8,844

5,222

4,500

4,372

4,804

4,305

5,407

8,328

2,583

1,135

3,618

3,656

143

1,459

5,066

943

5,915

2,194

3,306

1,837

2,863

1,593

1,132

1,155

383

1,054

589

780

2,287

383

1,061

729

1,046

661

763

794

2,926

450

111

7,353

2,610

2,666

390

4,265

3,492

3,222

461

900

500

200

500

400

Short-term Investments

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
-14
-21
0
0
0
15,634
0

15,634

-21

-14

Net Receivables

17,800
25,400
26,900
17,500
28,200
36,723
34,558
33,186
36,617
37,030
35,287
38,757
40,460
47,638
48,217
54,265
54,049
54,739
58,545
9,295
83,598
81,068
84,790
87,526
78,739
78,777
81,392
71,271
71,271
79,975
75,258
71,106
71,196
68,010
70,152
72,898
67,999
84,396
83,759
87,216
72,336
75,313
86,034
89,460
76,205
82,379
95,716
78,952
78,290
79,374
84,130
92,186
95,448
105,308
109,816
73,352
58,293
62,759
67,350
68,425
70,914
75,872
75,645
66,984
68,187
65,512
68,520
70,619
72,220
77,651
79,900
80,130
82,520
83,224
81,605
86,744
86,765
89,496
86,056
103,022
88,841
86,374
80,171
130,039
82,465
81,751
87,402
109,649
92,252
96,804
124,618
130,766
118,464
120,956
151,882
168,877
173,926
172,321
181,255
181,735
207,212
100,375
112,342
109,074
113,605
174,935
200,038
161,331
146,271
147,280
137,281
128,406
125,649
147,251
158,564
153,610

153,610

158,564

147,251

125,649

128,406

137,281

147,280

146,271

161,331

200,038

174,935

113,605

109,074

112,342

100,375

207,212

181,735

181,255

172,321

173,926

168,877

151,882

120,956

118,464

130,766

124,618

96,804

92,252

109,649

87,402

81,751

82,465

130,039

80,171

86,374

88,841

103,022

86,056

89,496

86,765

86,744

81,605

83,224

82,520

80,130

79,900

77,651

72,220

70,619

68,520

65,512

68,187

66,984

75,645

75,872

70,914

68,425

67,350

62,759

58,293

73,352

109,816

105,308

95,448

92,186

84,130

79,374

78,290

78,952

95,716

82,379

76,205

89,460

86,034

75,313

72,336

87,216

83,759

84,396

67,999

72,898

70,152

68,010

71,196

71,106

75,258

79,975

71,271

81,392

78,777

78,739

87,526

84,790

81,068

83,598

9,295

58,545

54,739

54,049

54,265

48,217

47,638

40,460

38,757

35,287

37,030

36,617

33,186

34,558

36,723

28,200

17,500

26,900

25,400

17,800

Inventory

600
700
600
500
800
801
678
880
988
991
852
1,121
1,187
1,589
1,597
1,929
2,126
2,507
2,820
3,046
3,295
3,189
3,139
2,949
3,196
3,616
3,514
3,471
3,471
2,924
3,126
3,226
3,180
3,373
3,340
3,581
3,170
3,252
3,566
3,581
3,829
4,140
4,532
4,661
4,716
4,656
4,572
4,985
4,774
4,592
3,932
4,102
4,314
4,491
4,286
3,894
3,754
3,829
3,849
4,004
3,993
3,846
4,142
4,481
4,635
4,624
4,562
4,611
4,640
4,350
4,483
4,550
4,514
4,670
4,608
4,718
4,754
4,708
4,504
4,402
4,318
4,316
4,152
4,004
4,189
4,210
4,112
3,980
4,034
3,961
4,049
4,232
4,273
4,313
4,337
4,067
4,125
4,142
4,178
4,210
3,812
3,571
3,296
3,119
3,471
3,554
3,659
3,323
3,731
3,961
3,722
3,516
3,308
4,125
4,863
4,848

4,848

4,863

4,125

3,308

3,516

3,722

3,961

3,731

3,323

3,659

3,554

3,471

3,119

3,296

3,571

3,812

4,210

4,178

4,142

4,125

4,067

4,337

4,313

4,273

4,232

4,049

3,961

4,034

3,980

4,112

4,210

4,189

4,004

4,152

4,316

4,318

4,402

4,504

4,708

4,754

4,718

4,608

4,670

4,514

4,550

4,483

4,350

4,640

4,611

4,562

4,624

4,635

4,481

4,142

3,846

3,993

4,004

3,849

3,829

3,754

3,894

4,286

4,491

4,314

4,102

3,932

4,592

4,774

4,985

4,572

4,656

4,716

4,661

4,532

4,140

3,829

3,581

3,566

3,252

3,170

3,581

3,340

3,373

3,180

3,226

3,126

2,924

3,471

3,514

3,616

3,196

2,949

3,139

3,189

3,295

3,046

2,820

2,507

2,126

1,929

1,597

1,589

1,187

1,121

852

991

988

880

678

801

800

500

600

700

600

Other Current Assets

3,600
3,400
2,800
6,000
5,100
2,692
4,311
4,029
6,099
4,426
4,953
4,885
7,747
7,037
7,691
6,999
6,861
7,672
7,374
75,038
12,556
1
14,417
16,504
17,358
13,544
12,631
0
18,454
15,337
15,194
25,555
28,571
25,418
22,231
29,647
31,262
27,003
24,997
31,475
31,775
39,470
37,191
32,357
30,664
9,820
36,416
26,840
32,055
22,688
18,433
10,448
11,937
12,519
15,016
27,694
17,892
19,396
10,352
9,547
4,182
5,443
2,575
802
2,772
5,538
17,354
29,276
24,083
27,887
20,470
16,784
18,580
20,173
21,378
22,725
17,333
23,537
16,813
28,009
22,875
21,590
20,044
34,304
8,299
14,008
18,303
13,584
1,018
1,009
1,008
1,817
1,729
2,165
2,333
1,435
976
934
1,028
1,132
1,226
715
414
265
22,531
17,420
13,306
34,430
69
170
132
367
436
486
533
25,193

25,193

533

486

436

367

132

170

34,430

13,306

17,420

22,531

265

414

715

1,226

1,132

1,028

934

976

1,435

2,333

2,165

1,729

1,817

1,008

1,009

1,018

13,584

18,303

14,008

8,299

34,304

20,044

21,590

22,875

28,009

16,813

23,537

17,333

22,725

21,378

20,173

18,580

16,784

20,470

27,887

24,083

29,276

17,354

5,538

2,772

802

2,575

5,443

4,182

9,547

10,352

19,396

17,892

27,694

15,016

12,519

11,937

10,448

18,433

22,688

32,055

26,840

36,416

9,820

30,664

32,357

37,191

39,470

31,775

31,475

24,997

27,003

31,262

29,647

22,231

25,418

28,571

25,555

15,194

15,337

18,454

12,631

13,544

17,358

16,504

14,417

12,556

75,038

7,374

7,672

6,861

6,999

7,691

7,037

7,747

4,885

4,953

4,426

6,099

4,029

4,311

2,692

5,100

6,000

2,800

3,400

3,600

> Long-term Assets

106,300
114,600
119,600
88,100
137,100
128,528
148,316
145,561
154,234
159,751
160,057
167,884
181,033
192,598
189,992
206,840
207,226
208,576
224,149
284,672
286,523
275,250
283,514
281,247
288,248
289,313
288,201
0
256,203
256,386
249,983
261,612
245,199
236,803
242,030
244,849
230,706
231,057
238,711
232,688
238,189
254,277
237,048
241,165
257,953
226,904
306,639
331,727
327,889
322,382
310,005
303,044
286,819
324,570
286,997
266,386
256,943
271,331
286,308
296,485
296,052
324,360
343,614
341,228
339,602
332,489
336,017
331,424
328,709
289,605
283,428
291,922
283,485
299,350
306,748
342,972
333,189
334,794
345,556
397,254
396,454
391,456
476,948
474,586
470,888
479,277
492,138
485,575
494,141
481,874
501,079
487,354
483,546
463,753
555,948
561,880
610,029
625,915
655,539
627,255
630,140
514,750
523,035
528,920
503,515
462,864
464,763
463,135
491,103
528,031
543,439
573,989
559,866
671,558
689,652
818,440

818,440

689,652

671,558

559,866

573,989

543,439

528,031

491,103

463,135

464,763

462,864

503,515

528,920

523,035

514,750

630,140

627,255

655,539

625,915

610,029

561,880

555,948

463,753

483,546

487,354

501,079

481,874

494,141

485,575

492,138

479,277

470,888

474,586

476,948

391,456

396,454

397,254

345,556

334,794

333,189

342,972

306,748

299,350

283,485

291,922

283,428

289,605

328,709

331,424

336,017

332,489

339,602

341,228

343,614

324,360

296,052

296,485

286,308

271,331

256,943

266,386

286,997

324,570

286,819

303,044

310,005

322,382

327,889

331,727

306,639

226,904

257,953

241,165

237,048

254,277

238,189

232,688

238,711

231,057

230,706

244,849

242,030

236,803

245,199

261,612

249,983

256,386

256,203

288,201

289,313

288,248

281,247

283,514

275,250

286,523

284,672

224,149

208,576

207,226

206,840

189,992

192,598

181,033

167,884

160,057

159,751

154,234

145,561

148,316

128,528

137,100

88,100

119,600

114,600

106,300

Property Plant Equipment

105,700
114,200
118,800
87,900
135,900
127,408
147,170
144,384
153,064
158,118
156,277
161,621
174,967
187,271
184,925
200,537
200,942
202,382
216,706
269,034
270,733
259,639
257,762
256,049
262,971
264,413
263,306
231,536
231,536
233,766
227,445
238,488
221,840
213,527
218,837
221,734
207,640
208,069
215,801
209,422
212,160
228,279
211,044
214,362
234,055
203,079
259,346
274,974
271,342
266,325
253,987
247,530
231,800
219,203
231,835
236,018
226,586
241,402
266,308
278,335
278,591
307,485
326,017
323,954
321,913
313,641
329,062
322,303
304,419
279,503
272,003
279,017
270,944
278,768
295,051
329,608
320,544
320,124
331,664
382,491
380,495
374,405
456,851
454,049
450,500
459,435
472,254
465,471
468,226
455,923
476,022
464,072
458,070
436,578
448,765
450,595
500,007
511,203
540,685
517,203
499,518
392,952
387,228
391,452
370,512
351,352
350,353
346,483
345,173
357,644
372,945
407,735
388,524
430,279
443,918
514,655

514,655

443,918

430,279

388,524

407,735

372,945

357,644

345,173

346,483

350,353

351,352

370,512

391,452

387,228

392,952

499,518

517,203

540,685

511,203

500,007

450,595

448,765

436,578

458,070

464,072

476,022

455,923

468,226

465,471

472,254

459,435

450,500

454,049

456,851

374,405

380,495

382,491

331,664

320,124

320,544

329,608

295,051

278,768

270,944

279,017

272,003

279,503

304,419

322,303

329,062

313,641

321,913

323,954

326,017

307,485

278,591

278,335

266,308

241,402

226,586

236,018

231,835

219,203

231,800

247,530

253,987

266,325

271,342

274,974

259,346

203,079

234,055

214,362

211,044

228,279

212,160

209,422

215,801

208,069

207,640

221,734

218,837

213,527

221,840

238,488

227,445

233,766

231,536

263,306

264,413

262,971

256,049

257,762

259,639

270,733

269,034

216,706

202,382

200,942

200,537

184,925

187,271

174,967

161,621

156,277

158,118

153,064

144,384

147,170

127,408

135,900

87,900

118,800

114,200

105,700

Goodwill

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
36,210
36,210
36,210
36,210
36,210
36,210
36,210
36,210
11,539
11,539
11,539
11,539
11,539
11,539
11,539
11,539
11,539
11,539
11,539
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
41,086
41,598
40,730
42,518
42,518
42,518
42,518
42,518
42,518
42,518
42,518
42,518
42,518
42,518
72,006
58,217
58,217
58,217
58,217
68,946
73,154
75,747

75,747

73,154

68,946

58,217

72,006

42,518

40,730

41,598

41,086

11,539

36,210

Long Term Investments

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
31,906
0
0
0
34,365
0
0
0
44,196
0
0
0
54,727
0
0
0
66,327

66,327

54,727

44,196

34,365

31,906

Intangible Assets

0
0
0
0
0
0
0
253
0
0
0
3,691
0
0
0
4,292
0
0
0
13,183
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
553
0
0
0
326
0
0
0
235
235
0
0
169
0
0
0
0
0
0
0
0
0
0
33,269
32,538
31,807
31,077
30,346
29,615
28,884
26,822
25,670
24,518
23,366
22,214
21,063
20,475
19,887
50,411
49,290
48,169
47,049
98,116
101,987
99,615

99,615

101,987

98,116

47,049

48,169

49,290

50,411

19,887

20,475

21,063

22,214

23,366

24,518

25,670

26,822

28,884

29,615

30,346

31,077

31,807

32,538

33,269

169

235

326

553

13,183

4,292

3,691

253

Long-term Assets Other

600
400
800
200
1,200
1,120
1,146
924
1,170
1,633
3,780
2,572
6,066
5,327
5,067
2,011
6,284
6,194
7,443
2,455
15,790
15,611
25,752
25,198
25,277
24,900
24,895
24,667
24,667
22,620
22,538
23,124
23,359
23,276
23,193
23,115
23,066
22,988
9,869
23,266
6,197
6,166
6,776
26,803
7,135
7,062
31,389
20,543
20,337
19,847
19,808
19,304
18,809
69,157
18,952
18,829
18,818
18,390
8,461
6,611
5,922
5,336
6,058
5,735
6,150
7,309
1,742
9,121
20,440
7,134
6,379
1,064
6,313
15,567
5,989
595
7,210
10,039
9,328
491
1,629
12,606
15,854
1,984
-50,639
-53,034
-55,806
1,578
-60,108
-58,668
-76,383
3,137
-40,063
-43,377
32,828
11,043
37,485
41,117
41,990
6,013
59,220
52,458
67,619
26,532
67,119
46,780
50,829
-75,198
54,037
-82,190
-84,687
-33,981
-91,346
74,217
70,593
7,485

7,485

70,593

74,217

-91,346

-33,981

-84,687

-82,190

54,037

-75,198

50,829

46,780

67,119

26,532

67,619

52,458

59,220

6,013

41,990

41,117

37,485

11,043

32,828

-43,377

-40,063

3,137

-76,383

-58,668

-60,108

1,578

-55,806

-53,034

-50,639

1,984

15,854

12,606

1,629

491

9,328

10,039

7,210

595

5,989

15,567

6,313

1,064

6,379

7,134

20,440

9,121

1,742

7,309

6,150

5,735

6,058

5,336

5,922

6,611

8,461

18,390

18,818

18,829

18,952

69,157

18,809

19,304

19,808

19,847

20,337

20,543

31,389

7,062

7,135

26,803

6,776

6,166

6,197

23,266

9,869

22,988

23,066

23,115

23,193

23,276

23,359

23,124

22,538

22,620

24,667

24,895

24,900

25,277

25,198

25,752

15,611

15,790

2,455

7,443

6,194

6,284

2,011

5,067

5,327

6,066

2,572

3,780

1,633

1,170

924

1,146

1,120

1,200

200

800

400

600

> Total Liabilities

63,100
76,900
79,800
49,100
98,900
96,629
111,821
105,418
118,838
115,726
112,710
119,659
140,569
119,634
113,162
131,437
128,299
125,369
137,414
220,120
220,792
212,471
222,286
222,691
220,216
216,425
216,558
187,880
187,880
189,300
172,170
185,953
173,259
155,760
152,785
162,139
142,418
156,145
150,040
164,327
157,578
188,830
182,730
181,537
181,621
166,978
289,319
286,250
294,282
294,618
282,143
267,528
272,127
327,984
297,923
274,856
254,553
268,957
285,776
303,637
299,926
327,346
341,742
331,668
331,486
324,599
342,013
352,770
344,818
314,643
301,915
305,559
304,935
323,289
328,862
369,381
364,051
368,842
367,666
384,512
348,020
349,291
401,282
444,169
362,431
367,892
381,582
383,375
373,573
378,753
405,897
354,467
353,645
416,275
421,332
430,382
488,337
499,844
553,174
531,740
584,191
554,158
409,037
386,074
351,255
350,202
374,059
301,963
301,187
344,987
376,603
419,517
393,693
490,842
498,135
600,965

600,965

498,135

490,842

393,693

419,517

376,603

344,987

301,187

301,963

374,059

350,202

351,255

386,074

409,037

554,158

584,191

531,740

553,174

499,844

488,337

430,382

421,332

416,275

353,645

354,467

405,897

378,753

373,573

383,375

381,582

367,892

362,431

444,169

401,282

349,291

348,020

384,512

367,666

368,842

364,051

369,381

328,862

323,289

304,935

305,559

301,915

314,643

344,818

352,770

342,013

324,599

331,486

331,668

341,742

327,346

299,926

303,637

285,776

268,957

254,553

274,856

297,923

327,984

272,127

267,528

282,143

294,618

294,282

286,250

289,319

166,978

181,621

181,537

182,730

188,830

157,578

164,327

150,040

156,145

142,418

162,139

152,785

155,760

173,259

185,953

172,170

189,300

187,880

216,558

216,425

220,216

222,691

222,286

212,471

220,792

220,120

137,414

125,369

128,299

131,437

113,162

119,634

140,569

119,659

112,710

115,726

118,838

105,418

111,821

96,629

98,900

49,100

79,800

76,900

63,100

> Total Current Liabilities

5,800
6,100
6,600
16,200
10,800
6,715
9,366
8,422
9,631
13,436
13,447
16,692
18,724
17,956
23,355
19,747
27,729
24,707
22,377
32,211
32,997
29,449
31,924
92,669
83,073
91,134
94,651
105,246
105,246
93,597
95,536
127,581
89,887
102,888
100,913
100,315
94,094
106,224
94,121
112,184
114,038
108,542
119,433
114,627
94,863
89,543
121,894
110,212
106,051
219,315
112,797
110,060
125,008
175,526
126,972
109,443
113,398
117,415
126,106
119,673
116,306
117,517
108,895
121,883
121,986
123,524
127,234
150,505
139,708
139,089
132,184
128,290
120,491
109,251
108,869
109,378
111,217
107,551
98,326
104,087
96,028
98,199
104,659
126,472
100,713
92,867
87,683
87,781
78,743
84,269
89,866
81,220
78,913
93,622
127,392
127,332
133,243
132,669
152,840
161,257
168,404
166,098
147,313
133,381
124,125
179,422
207,675
142,745
130,031
150,443
160,768
156,121
139,040
154,042
171,349
170,291

170,291

171,349

154,042

139,040

156,121

160,768

150,443

130,031

142,745

207,675

179,422

124,125

133,381

147,313

166,098

168,404

161,257

152,840

132,669

133,243

127,332

127,392

93,622

78,913

81,220

89,866

84,269

78,743

87,781

87,683

92,867

100,713

126,472

104,659

98,199

96,028

104,087

98,326

107,551

111,217

109,378

108,869

109,251

120,491

128,290

132,184

139,089

139,708

150,505

127,234

123,524

121,986

121,883

108,895

117,517

116,306

119,673

126,106

117,415

113,398

109,443

126,972

175,526

125,008

110,060

112,797

219,315

106,051

110,212

121,894

89,543

94,863

114,627

119,433

108,542

114,038

112,184

94,121

106,224

94,094

100,315

100,913

102,888

89,887

127,581

95,536

93,597

105,246

94,651

91,134

83,073

92,669

31,924

29,449

32,997

32,211

22,377

24,707

27,729

19,747

23,355

17,956

18,724

16,692

13,447

13,436

9,631

8,422

9,366

6,715

10,800

16,200

6,600

6,100

5,800

Short-term Debt

800
700
700
9,800
100
50
50
50
50
50
250
1,566
1,597
1,482
1,461
1,943
1,747
2,082
4,126
4,218
2,549
1,359
1,398
6,505
6,296
6,183
5,251
20,150
20,150
3,418
3,418
43,000
43,000
0
2,000
1,300
1,300
1,309
9
9
9
9
3,890
42,731
0
0
5,882
4,280
8,597
112,076
4,524
6,907
2,782
56,508
66,651
59,168
66,176
71,331
75,512
73,301
69,566
67,701
63,216
74,573
79,436
79,258
79,031
104,178
89,423
86,429
76,587
73,988
66,344
54,341
52,962
55,720
56,218
48,949
41,679
29,430
25,205
25,259
36,617
48,374
34,749
32,817
32,590
27,577
26,797
30,685
33,230
27,558
28,521
37,313
33,322
35,941
54,945
60,318
74,042
81,687
87,398
79,627
38,509
31,468
29,839
29,816
32,733
28,381
25,330
30,424
36,166
42,402
36,772
44,927
47,057
60,382

60,382

47,057

44,927

36,772

42,402

36,166

30,424

25,330

28,381

32,733

29,816

29,839

31,468

38,509

79,627

87,398

81,687

74,042

60,318

54,945

35,941

33,322

37,313

28,521

27,558

33,230

30,685

26,797

27,577

32,590

32,817

34,749

48,374

36,617

25,259

25,205

29,430

41,679

48,949

56,218

55,720

52,962

54,341

66,344

73,988

76,587

86,429

89,423

104,178

79,031

79,258

79,436

74,573

63,216

67,701

69,566

73,301

75,512

71,331

66,176

59,168

66,651

56,508

2,782

6,907

4,524

112,076

8,597

4,280

5,882

42,731

3,890

1,309

1,300

2,000

43,000

3,418

20,150

5,251

6,183

6,296

6,505

1,398

1,359

2,549

4,218

4,126

2,082

1,747

1,943

1,461

1,482

1,597

1,566

250

100

9,800

700

800

Short Long Term Debt

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
39,404
49,003
54,969
61,884
54,095
15,067
8,792
6,848
7,007
8,387
5,722
4,607
10,404
15,800
18,897
21,369
28,557
31,703
47,651

47,651

31,703

28,557

21,369

18,897

15,800

10,404

4,607

5,722

8,387

7,007

6,848

8,792

15,067

54,095

61,884

54,969

49,003

39,404

Accounts payable

2,600
3,100
2,500
3,600
5,800
3,513
3,585
3,892
3,331
5,652
3,599
5,328
6,748
5,123
7,003
3,485
9,116
9,333
4,735
7,260
5,271
6,685
8,792
6,988
5,649
10,038
8,929
0
7,241
8,430
7,334
6,921
7,214
13,594
8,661
8,822
10,766
11,865
6,130
6,574
10,752
7,772
8,349
8,457
12,535
7,217
38,107
30,521
30,425
34,117
36,406
35,029
45,482
0
0
42,896
0
0
0
7,528
8,210
9,001
8,566
6,902
8,134
7,342
6,404
8,752
9,758
9,953
11,720
10,035
9,606
10,887
11,919
8,322
10,622
12,431
9,604
9,623
10,257
11,974
9,263
12,272
8,818
10,860
10,081
13,032
9,042
10,828
12,374
11,857
12,520
12,295
21,488
22,101
26,824
24,754
26,762
25,745
23,742
18,514
21,933
31,695
32,421
34,973
25,094
29,907
27,851
36,582
33,411
33,896
28,290
33,798
34,199
33,155

33,155

34,199

33,798

28,290

33,896

33,411

36,582

27,851

29,907

25,094

34,973

32,421

31,695

21,933

18,514

23,742

25,745

26,762

24,754

26,824

22,101

21,488

12,295

12,520

11,857

12,374

10,828

9,042

13,032

10,081

10,860

8,818

12,272

9,263

11,974

10,257

9,623

9,604

12,431

10,622

8,322

11,919

10,887

9,606

10,035

11,720

9,953

9,758

8,752

6,404

7,342

8,134

6,902

8,566

9,001

8,210

7,528

42,896

45,482

35,029

36,406

34,117

30,425

30,521

38,107

7,217

12,535

8,457

8,349

7,772

10,752

6,574

6,130

11,865

10,766

8,822

8,661

13,594

7,214

6,921

7,334

8,430

7,241

8,929

10,038

5,649

6,988

8,792

6,685

5,271

7,260

4,735

9,333

9,116

3,485

7,003

5,123

6,748

5,328

3,599

5,652

3,331

3,892

3,585

3,513

5,800

3,600

2,500

3,100

2,600

Other Current Liabilities

2,400
2,300
3,400
2,800
4,900
3,152
5,731
4,480
6,250
7,734
9,598
9,798
10,241
11,314
12,831
12,914
14,560
13,292
13,516
19,423
7,243
21,405
208
62,000
53,130
55,130
62,882
0
59,984
49,130
88,202
60,440
82,673
89,294
41,353
75,773
66,762
78,719
71,266
85,769
40,281
40,281
47,281
47,281
82,328
82,326
77,905
59,390
67,029
73,122
71,867
49,640
58,797
119,018
60,321
250
47,222
46,084
50,594
38,386
38,530
40,815
37,113
39,731
34,416
36,924
41,799
37,575
40,527
42,707
43,877
44,267
44,541
44,023
43,988
40,102
44,377
46,171
47,043
7,999
10,527
11,010
14,418
18,549
15,995
10,419
7,892
3,388
4,450
4,628
1,718
243
37,872
44,014
72,582
-8,177
51,474
47,597
52,036
185
1,086
6,251
14,199
-4,335
1,449
1,430
593
557
76,850
-2,424
1,655
79,823
73,978
77,413
90,864
76,754

76,754

90,864

77,413

73,978

79,823

1,655

-2,424

76,850

557

593

1,430

1,449

-4,335

14,199

6,251

1,086

185

52,036

47,597

51,474

-8,177

72,582

44,014

37,872

243

1,718

4,628

4,450

3,388

7,892

10,419

15,995

18,549

14,418

11,010

10,527

7,999

47,043

46,171

44,377

40,102

43,988

44,023

44,541

44,267

43,877

42,707

40,527

37,575

41,799

36,924

34,416

39,731

37,113

40,815

38,530

38,386

50,594

46,084

47,222

250

60,321

119,018

58,797

49,640

71,867

73,122

67,029

59,390

77,905

82,326

82,328

47,281

40,281

85,769

71,266

78,719

66,762

75,773

41,353

89,294

82,673

60,440

88,202

49,130

59,984

62,882

55,130

53,130

62,000

208

21,405

7,243

19,423

13,516

13,292

14,560

12,914

12,831

11,314

10,241

9,798

9,598

7,734

6,250

4,480

5,731

3,152

4,900

2,800

3,400

2,300

2,400

> Long-term Liabilities

57,300
70,800
73,200
32,900
88,100
89,914
102,455
96,996
109,207
102,290
99,263
102,967
121,845
101,678
89,807
111,690
100,570
100,662
115,037
187,909
187,795
183,022
190,362
130,022
137,143
125,291
121,907
0
82,634
95,703
76,634
58,372
83,372
52,872
51,872
61,824
48,324
49,921
55,919
52,143
43,540
80,288
63,297
66,910
86,758
77,435
167,425
176,038
188,231
75,303
169,346
157,468
147,119
152,458
170,951
165,413
141,155
151,542
159,670
183,964
183,620
209,829
232,847
209,785
209,500
201,075
214,779
202,265
205,110
175,554
169,731
177,269
184,444
214,038
219,993
256,684
252,834
261,291
269,340
280,726
251,992
233,300
296,623
318,791
261,718
275,025
293,899
296,343
295,338
294,484
316,031
273,247
274,732
322,653
293,940
303,050
355,094
367,175
400,333
370,272
415,787
388,060
261,724
252,693
227,130
170,780
166,384
159,218
171,156
194,544
215,835
263,396
254,653
336,800
326,786
430,674

430,674

326,786

336,800

254,653

263,396

215,835

194,544

171,156

159,218

166,384

170,780

227,130

252,693

261,724

388,060

415,787

370,272

400,333

367,175

355,094

303,050

293,940

322,653

274,732

273,247

316,031

294,484

295,338

296,343

293,899

275,025

261,718

318,791

296,623

233,300

251,992

280,726

269,340

261,291

252,834

256,684

219,993

214,038

184,444

177,269

169,731

175,554

205,110

202,265

214,779

201,075

209,500

209,785

232,847

209,829

183,620

183,964

159,670

151,542

141,155

165,413

170,951

152,458

147,119

157,468

169,346

75,303

188,231

176,038

167,425

77,435

86,758

66,910

63,297

80,288

43,540

52,143

55,919

49,921

48,324

61,824

51,872

52,872

83,372

58,372

76,634

95,703

82,634

121,907

125,291

137,143

130,022

190,362

183,022

187,795

187,909

115,037

100,662

100,570

111,690

89,807

101,678

121,845

102,967

99,263

102,290

109,207

96,996

102,455

89,914

88,100

32,900

73,200

70,800

57,300

Long term Debt Total

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
239,668
258,813
226,187
253,104
0
0
0
47,888
0
22,020
0
0
0
69,558
0
0
0
0
0

69,558

22,020

47,888

253,104

226,187

258,813

239,668

Other Liabilities

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
102,586
104,604
103,203
126,326
115,594
133,552
172,575
128,132
107,561
114,089
113,348
106,143
114,649
117,045
126,169
118,592
131,061
0
0

131,061

118,592

126,169

117,045

114,649

106,143

113,348

114,089

107,561

128,132

172,575

133,552

115,594

126,326

103,203

104,604

102,586

Deferred Long Term Liability

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
74,553
73,485
0
0
86,011
0
89,536
0
96,753
0
0
0

96,753

89,536

86,011

73,485

74,553

> Total Stockholder Equity

65,600
67,700
70,300
63,500
73,200
72,752
79,476
81,730
83,568
87,121
91,364
95,597
98,322
130,450
135,897
141,522
144,791
150,724
157,436
163,852
165,909
162,364
163,957
167,822
168,105
169,414
170,234
0
161,902
166,477
172,523
175,588
176,480
180,707
186,805
192,142
192,913
195,478
201,937
195,699
190,010
184,513
185,731
189,724
189,052
188,712
189,671
188,844
186,584
175,555
172,090
172,266
164,220
161,972
158,699
118,820
113,332
110,411
96,957
94,675
92,923
95,845
99,936
100,698
98,715
100,414
87,817
87,055
88,648
89,236
94,030
94,673
92,713
93,182
96,003
100,360
97,908
103,044
102,497
169,204
180,758
196,007
194,055
202,160
207,100
219,787
225,400
236,413
235,856
237,167
244,392
295,201
301,688
313,551
326,150
343,142
347,737
351,685
348,433
350,110
328,493
306,931
314,796
290,642
296,657
313,537
329,895
349,699
358,882
356,031
380,113
377,128
371,162
379,664
394,023
403,420

403,420

394,023

379,664

371,162

377,128

380,113

356,031

358,882

349,699

329,895

313,537

296,657

290,642

314,796

306,931

328,493

350,110

348,433

351,685

347,737

343,142

326,150

313,551

301,688

295,201

244,392

237,167

235,856

236,413

225,400

219,787

207,100

202,160

194,055

196,007

180,758

169,204

102,497

103,044

97,908

100,360

96,003

93,182

92,713

94,673

94,030

89,236

88,648

87,055

87,817

100,414

98,715

100,698

99,936

95,845

92,923

94,675

96,957

110,411

113,332

118,820

158,699

161,972

164,220

172,266

172,090

175,555

186,584

188,844

189,671

188,712

189,052

189,724

185,731

184,513

190,010

195,699

201,937

195,478

192,913

192,142

186,805

180,707

176,480

175,588

172,523

166,477

161,902

170,234

169,414

168,105

167,822

163,957

162,364

165,909

163,852

157,436

150,724

144,791

141,522

135,897

130,450

98,322

95,597

91,364

87,121

83,568

81,730

79,476

72,752

73,200

63,500

70,300

67,700

65,600

Common Stock

0
0
0
0
0
134
134
134
134
134
133
134
134
150
150
149
150
150
150
150
150
142
140
150
150
150
150
0
151
153
154
154
154
155
156
157
157
156
157
158
154
154
158
158
159
159
159
159
159
159
159
159
159
159
159
159
159
159
160
160
160
161
164
164
166
166
167
167
167
167
167
167
168
168
168
169
169
169
169
192
194
194
194
194
194
194
194
194
194
194
194
195
195
195
195
195
196
196
196
197
197
197
197
197
197
197
196
185
185
185
185
185
185
185
185
185

185

196

197

196

195

194

192

169

168

167

166

164

161

160

159

158

154

158

157

156

157

156

155

154

153

151

150

140

142

150

149

150

134

133

134

Retained Earnings

15,000
17,100
19,700
12,900
22,600
22,149
28,873
31,127
32,965
36,517
40,616
44,829
47,504
52,064
57,509
63,112
66,361
72,293
78,994
85,389
87,422
90,321
93,400
97,264
97,494
98,047
98,892
90,602
90,602
91,916
95,527
98,877
99,716
102,879
106,929
111,032
111,753
116,141
120,886
114,408
113,760
114,412
115,630
119,595
118,711
118,312
119,108
118,214
115,803
104,547
100,971
101,147
93,325
90,977
87,561
47,756
42,212
39,066
25,467
22,726
20,550
23,439
25,323
26,015
23,551
25,206
13,993
11,748
11,108
15,359
16,360
17,813
15,854
17,745
19,718
23,057
21,683
25,463
27,320
40,865
51,092
62,093
69,720
82,950
86,747
93,181
96,050
102,032
101,993
103,542
108,173
157,471
162,479
172,450
184,064
200,566
204,999
211,070
207,881
209,043
206,830
184,487
191,988
166,325
177,465
192,882
207,344
225,076
246,196
269,747
319,063
329,471
344,640
355,491
367,561
378,919

378,919

367,561

355,491

344,640

329,471

319,063

269,747

246,196

225,076

207,344

192,882

177,465

166,325

191,988

184,487

206,830

209,043

207,881

211,070

204,999

200,566

184,064

172,450

162,479

157,471

108,173

103,542

101,993

102,032

96,050

93,181

86,747

82,950

69,720

62,093

51,092

40,865

27,320

25,463

21,683

23,057

19,718

17,745

15,854

17,813

16,360

15,359

11,108

11,748

13,993

25,206

23,551

26,015

25,323

23,439

20,550

22,726

25,467

39,066

42,212

47,756

87,561

90,977

93,325

101,147

100,971

104,547

115,803

118,214

119,108

118,312

118,711

119,595

115,630

114,412

113,760

114,408

120,886

116,141

111,753

111,032

106,929

102,879

99,716

98,877

95,527

91,916

90,602

98,892

98,047

97,494

97,264

93,400

90,321

87,422

85,389

78,994

72,293

66,361

63,112

57,509

52,064

47,504

44,829

40,616

36,517

32,965

31,127

28,873

22,149

22,600

12,900

19,700

17,100

15,000

Accumulated Other Comprehensive Income

-17,900
-21,100
-21,300
-17,200
-27,100
-22,020
-36,893
-38,752
-44,281
-47,170
-50,614
-67,311
-64,419
-65,621
-72,219
-81,821
-80,280
-77,680
-75,627
-80,638
-87,016
-94,339
-100,026
-100,581
-106,071
-110,302
-99
-137,533
-748
122
355
-154,010
-146,784
-140,772
-125,872
-99,175
-90,656
-90,101
-90,797
-88,967
-84,314
-85,248
-83,453
-86,767
-86,168
-74,950
-66,654
-74,689
-78,149
-90,806
-93,502
-102,628
-111,570
-116,851
-118,510
-116,839
-121,226
-122,944
116
305
498
300
727
476
659
303
-1,271
50
2,132
-1,913
1,423
320
443
-801
-92
833
-181
886
-2,379
-13,101
-12,713
-9,389
-14,310
-17,544
-16,162
-10,403
-7,969
-2,640
-3,619
-3,797
-1,442
293
964
1,544
1,487
204
-228
-918
-1,483
-1,014
-3,364
-2,964
-2,839
-2,251
-1,319
-1,611
-1,483
-1,306
-300
353
1,113
1,086
683
1,042
1,447
816

816

1,447

1,042

683

1,086

1,113

353

-300

-1,306

-1,483

-1,611

-1,319

-2,251

-2,839

-2,964

-3,364

-1,014

-1,483

-918

-228

204

1,487

1,544

964

293

-1,442

-3,797

-3,619

-2,640

-7,969

-10,403

-16,162

-17,544

-14,310

-9,389

-12,713

-13,101

-2,379

886

-181

833

-92

-801

443

320

1,423

-1,913

2,132

-1,271

303

659

476

727

300

498

305

116

-122,944

-121,226

-116,839

-118,510

-116,851

-111,570

-102,628

-93,502

-90,806

-78,149

-74,689

-66,654

-74,950

-86,168

-86,767

-83,453

-85,248

-84,314

-88,967

-90,797

-90,101

-90,656

-99,175

-125,872

-140,772

-146,784

-154,010

355

122

-748

-137,533

-99

-110,302

-106,071

-100,581

-100,026

-94,339

-87,016

-80,638

-75,627

-77,680

-80,280

-81,821

-72,219

-65,621

-64,419

-67,311

-50,614

-47,170

-44,281

-38,752

-36,893

-22,020

-27,100

-17,200

-21,300

-21,100

-17,900

Capital Surplus

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
141,337
141,840
141,885
142,345
0
0
0
143,438
146,420
148,056
149,406
150,436
151,238
152,575
0
152,921
154,348
0
0

154,348

152,921

152,575

151,238

150,436

149,406

148,056

146,420

143,438

142,345

141,885

141,840

141,337

Treasury Stock

-92,823

-65,492

-37,635

-23,662

-24,218

-24,351

-17,067

-17,515

Other Stockholders Equity

68,500
71,700
71,900
67,800
77,700
72,489
87,362
89,222
94,750
97,640
101,229
117,945
115,103
143,857
150,457
160,082
158,560
155,961
153,919
158,951
165,353
166,240
170,443
170,989
176,532
181,519
71,291
0
71,897
74,286
76,487
76,557
223,394
218,445
205,592
180,128
171,659
169,282
171,691
170,100
160,410
155,195
153,396
156,738
156,350
145,191
137,058
145,160
148,771
161,655
164,462
173,588
182,306
187,687
189,489
187,744
192,187
194,130
71,214
71,484
71,715
71,945
73,722
74,043
74,339
74,739
74,928
75,090
75,241
75,623
76,080
76,373
76,248
76,070
76,209
76,301
76,237
76,526
77,387
141,248
142,185
143,109
138,451
136,560
136,321
136,815
137,125
136,827
136,780
137,228
137,467
137,242
138,050
139,362
140,404
142,177
142,770
141,337
141,839
141,884
124,830
125,211
125,450
126,371
120,314
122,069
123,838
125,744
112,801
85,746
59,752
46,386
25,654
22,946
24,830
23,500

23,500

24,830

22,946

25,654

46,386

59,752

85,746

112,801

125,744

123,838

122,069

120,314

126,371

125,450

125,211

124,830

141,884

141,839

141,337

142,770

142,177

140,404

139,362

138,050

137,242

137,467

137,228

136,780

136,827

137,125

136,815

136,321

136,560

138,451

143,109

142,185

141,248

77,387

76,526

76,237

76,301

76,209

76,070

76,248

76,373

76,080

75,623

75,241

75,090

74,928

74,739

74,339

74,043

73,722

71,945

71,715

71,484

71,214

194,130

192,187

187,744

189,489

187,687

182,306

173,588

164,462

161,655

148,771

145,160

137,058

145,191

156,350

156,738

153,396

155,195

160,410

170,100

171,691

169,282

171,659

180,128

205,592

218,445

223,394

76,557

76,487

74,286

71,897

71,291

181,519

176,532

170,989

170,443

166,240

165,353

158,951

153,919

155,961

158,560

160,082

150,457

143,857

115,103

117,945

101,229

97,640

94,750

89,222

87,362

72,489

77,700

67,800

71,900

71,700

68,500

Balance Sheet

Currency in USD. All numbers in thousands.

	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31	1996-12-31	1995-12-31	1994-12-31
Accounts Payable	33,155	33,896	29,907	31,695	25,745	22,101	11,857	13,032	12,272	9,623	8,322	10,035	8,752	6,902	7,528	0	35,029	30,521	8,457	6,574	8,822	6,921	7,241	6,988	7,260	3,485	5,328	3,892	3,600	3,600
Accumulated Amortization	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accumulated Depreciation	0	0	-171,923	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accumulated Other Comprehensive Income	816	1,086	-1,306	-2,251	-1,014	204	293	-2,640	-17,544	-13,101	833	320	50	476	305	-116,839	-102,628	-74,689	-86,767	-88,967	-99,175	-154,010	-748	-100,581	-80,638	-81,821	-67,311	-38,752	-17,200	-17,200
Additional Paid In Capital	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Capital Lease Obligations	48,919	70,365	48,182	54,906	93,610	40,493	24,739	22,202	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Capital Stock	185	185	185	197	197	195	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Capital Surpluse	0	0	149,406	143,438	141,885	142,177	137,242	137,912	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	2,294	68,665	8,412	8,407	43,591	23,127	15,356	7,750	4,490	21,330	9,263	6,846	3,895	9,361	12,221	6,300	4,500	5,407	3,618	5,066	3,306	42	383	2,287	1,046	2,926	2,610	3,492	500	4,900
Cash And Equivalents	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash And Short Term Investments	2,294	68,665	8,412	8,407	43,591	23,127	15,356	7,750	4,490	21,330	9,263	6,846	3,895	9,361	12,221	6,300	4,500	5,407	3,618	5,066	3,306	42	383	2,287	1,046	2,926	2,610	3,492	500	4,900
Common Stock	185	185	185	197	197	195	195	194	194	192	169	167	167	164	160	159	159	159	158	158	157	154	151	150	150	149	134	134	0	0
Common Stock Shares Outstanding	13,834	15,524	17,020	17,358	18,635	18,469	18,372	18,266	18,311	15,517	15,039	14,808	14,689	14,505	14,124	14,038	14,018	13,996	14,270	14,833	14,709	14,519	13,987	14,533	15,028	14,440	13,301	13,350	13,286	10,580
Common Stock Total Equity	0	0	185	197	197	195	195	194	194	192	169	167	167	164	160	159	159	159	158	158	157	154	151	150	150	149	134	134	0	0
Current Deferred Revenue	0	0	83,900	68,759	53,640	0	41,562	43,784	47,277	57,035	0	0	0	0	0	0	0	0	0	61,453	14,420	17,220	17,871	17,176	1,310	1,404	0	0	0	0
Deferred Long Term Asset Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Long Term Liab	0	0	0	74,553	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Earning Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Good Will	75,747	58,217	42,518	42,518	42,518	41,598	0	0	0	0	0	0	0	11,539	11,539	11,539	36,210	36,210	0	0	0	0	0	0	0	0	0	0	0	0
Intangible Assets	99,615	48,169	20,475	24,518	29,615	32,538	0	0	169	235	326	553	0	0	0	0	0	0	0	0	0	0	0	0	13,183	4,292	3,691	253	0	0
Inventory	4,848	3,516	3,323	3,119	4,210	4,067	4,232	3,980	4,004	4,402	4,718	4,550	4,611	4,481	4,004	3,894	4,102	4,985	4,661	3,581	3,581	3,226	3,471	2,949	3,046	1,929	1,121	880	500	500
Liabilities And Stockholders Equity	1,004,385	796,645	651,662	676,716	881,850	773,524	649,668	619,788	646,329	553,716	469,741	400,232	439,825	432,366	398,312	393,676	439,794	475,094	371,261	360,026	354,281	361,541	349,782	390,513	383,972	272,959	215,256	187,148	112,600	112,600
Long Term Debt	196,894	90,367	20,347	47,888	200,177	166,635	164,465	168,676	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long Term Debt Total	0	0	0	47,888	226,187	201,754	186,242	188,437	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long Term Investments	66,327	54,727	44,196	34,365	31,906	26,106	20,145	18,526	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Negative Goodwill	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Debt	291,170	110,964	65,839	103,179	305,165	214,568	198,444	208,264	250,944	181,003	229,134	176,359	244,579	220,593	207,636	160,824	88,874	103,773	29,382	2,956	9,994	44,258	48,767	78,513	143,669	83,349	79,768	79,668	37,000	32,600
Net Invested Capital	647,965	486,392	375,768	347,322	605,257	540,344	484,262	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Receivables	153,610	128,406	161,331	109,074	181,735	168,877	130,766	109,649	130,039	103,022	86,744	80,130	70,619	66,984	68,425	73,352	92,186	78,952	89,460	87,216	72,898	71,106	71,271	87,526	9,295	54,265	38,757	33,186	17,500	17,500
Net Tangible Assets	0	270,742	266,314	223,606	277,978	269,006	295,201	236,414	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Working Capital	15,654	66,535	45,782	14,415	93,128	84,312	81,094	47,182	46,365	52,676	14,072	-19,980	-42,104	-30,745	-17,846	17,847	26,690	33,155	15,469	15,154	9,117	-27,652	-11,667	16,597	67,091	46,373	30,679	33,165	8,300	8,300
Non Current Assets Total	818,440	573,989	463,135	528,920	627,255	561,880	487,354	485,575	474,586	397,254	342,972	291,922	331,424	341,228	296,485	266,386	303,044	331,727	241,165	232,688	244,849	261,612	256,203	281,247	284,672	206,840	167,884	145,561	88,100	88,100
Non Current Liabilities Other	14,169	7,494	2,149	9,794	2,578	1,636	1,825	2,883	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Non Current Liabilities Total	430,674	263,396	159,218	252,693	370,272	303,050	273,247	296,343	318,791	280,726	256,684	177,269	202,265	209,785	183,964	165,413	157,468	176,038	66,910	52,143	61,824	58,372	82,634	130,022	187,909	111,690	102,967	96,996	32,900	32,900
Non Currrent Assets Other	7,485	4,116	2,134	11,689	-73,549	-66,158	3,137	1,578	1,984	491	595	1,064	9,121	5,735	6,611	18,829	19,304	20,543	26,803	23,266	23,115	23,124	24,667	25,198	2,455	2,011	2,572	924	200	200
Noncontrolling Interest In Consolidated Entity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Assets	1,202,358	5,141	9,463	36,067	210	11,043	3,137	-750	-1,094	-301	3,319	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Current Assets	25,193	367	15,461	265	1,132	1,435	1,817	13,584	34,304	28,009	22,725	16,784	29,276	802	9,547	27,694	10,448	26,840	32,357	31,475	29,647	25,555	18,454	16,504	75,038	6,999	4,885	4,029	6,000	1,600
Other Current Liab	76,754	79,823	557	1,459	185	69,290	243	3,388	18,549	7,999	45,336	44,267	37,575	40,408	38,844	50,275	68,124	75,411	106,170	44,148	75,773	60,440	59,984	62,000	19,423	12,914	9,798	4,480	2,800	2,800
Other Liab	0	126,169	113,348	172,575	103,203	101,296	87,005	107,906	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Stockholder Equity	23,500	46,386	125,744	126,371	141,884	142,177	137,242	136,827	136,560	141,248	76,301	76,373	75,090	74,043	71,484	187,744	173,588	145,160	156,738	170,100	180,128	76,557	71,897	170,989	158,951	160,082	117,945	89,222	67,800	67,800
Preferred Stock Redeemable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Preferred Stock Total Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Property Plant And Equipment Gross	692,532	619,686	518,406	391,452	517,203	450,595	464,072	465,471	454,049	382,491	329,608	279,017	322,303	323,954	278,335	236,018	247,530	274,974	214,362	209,422	221,734	238,488	231,536	256,049	269,034	200,537	161,621	144,384	87,900	87,900
Property Plant And Equipment Net	514,655	407,735	346,483	391,452	517,203	450,595	464,072	465,471	454,049	382,491	329,608	279,017	322,303	323,954	278,335	236,018	247,530	274,974	214,362	209,422	221,734	238,488	231,536	256,049	269,034	200,537	161,621	144,384	87,900	87,900
Property Plant Equipment	0	407,735	346,483	391,452	517,203	450,595	464,072	465,471	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Earnings	378,919	329,471	225,076	166,325	209,043	200,566	157,471	102,032	82,950	40,865	23,057	17,813	11,748	26,015	22,726	47,756	101,147	118,214	119,595	114,408	111,032	98,877	90,602	97,264	85,389	63,112	44,829	31,127	12,900	12,900
Retained Earnings Total Equity	0	0	225,076	166,325	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Short Long Term Debt	47,651	18,897	5,722	8,792	54,969	30,567	24,596	25,136	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Short Long Term Debt Total	293,464	179,629	74,251	111,586	348,756	237,695	213,800	216,014	255,434	202,333	238,397	183,205	248,474	229,954	219,857	167,124	93,374	109,180	33,000	8,022	13,300	44,300	49,150	80,800	144,715	86,275	82,377	83,160	37,500	37,500
Short Term Debt	60,382	42,402	28,381	31,468	81,687	35,941	27,558	27,577	48,374	29,430	55,720	73,988	104,178	74,573	73,301	59,168	6,907	4,280	0	9	1,300	43,000	20,150	6,505	4,218	1,943	1,566	50	9,800	9,800
Short Term Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Temporary Equity Redeemable Noncontrolling Interests	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Assets	1,004,385	796,645	651,662	676,716	881,850	773,524	649,668	619,788	646,329	553,716	469,741	400,232	439,825	432,366	398,312	393,676	439,794	475,094	371,261	360,026	354,281	361,541	349,782	390,513	383,974	272,959	215,256	187,148	112,600	112,600
Total Current Assets	185,945	222,656	188,527	147,796	254,385	211,644	162,314	134,963	172,837	156,763	123,450	108,310	108,401	91,138	101,827	127,290	136,750	143,367	130,096	127,338	109,432	99,929	93,579	109,266	99,302	66,119	47,372	41,587	24,500	24,500
Total Current Liabilities	170,291	156,121	142,745	133,381	161,257	127,332	81,220	87,781	126,472	104,087	109,378	128,290	150,505	121,883	119,673	109,443	110,060	110,212	114,627	112,184	100,315	127,581	105,246	92,669	32,211	19,747	16,692	8,422	16,200	16,200
Total Liab	600,965	419,517	301,963	386,074	531,740	430,382	354,467	383,375	444,169	384,512	369,381	305,559	352,770	331,668	303,637	274,856	267,528	286,250	181,537	164,327	162,139	185,953	187,880	222,691	220,120	131,437	119,659	105,418	49,100	49,100
Total Permanent Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Stockholder Equity	403,420	377,128	349,699	290,642	350,110	343,142	295,201	236,413	202,160	169,204	100,360	94,673	87,055	100,698	94,675	118,820	172,266	188,844	189,724	195,699	192,142	175,588	161,902	167,822	163,852	141,522	95,597	81,730	63,500	63,500
Treasury Stock	0	0	-23,662	-17,067	0	0	0	-1,084	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Warrants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0

	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2005-09-30	2005-06-30	2005-03-31	2004-12-31	2004-09-30	2004-06-30	2004-03-31	2003-12-31	2003-09-30	2003-06-30	2003-03-31	2002-12-31	2002-09-30	2002-06-30	2002-03-31	2001-12-31	2001-09-30	2001-06-30	2001-03-31	2000-12-31	2000-09-30	2000-06-30	2000-03-31	1999-12-31	1999-09-30	1999-06-30	1999-03-31	1998-12-31	1998-09-30	1998-06-30	1998-03-31	1997-12-31	1997-09-30	1997-06-30	1997-03-31	1996-12-31	1996-09-30	1996-06-30	1996-03-31	1995-12-31	1995-09-30	1995-06-30	1995-03-31
Accounts Payable	33,155	34,199	33,798	28,290	33,896	33,411	36,582	27,851	29,907	25,094	34,973	32,421	31,695	21,933	18,514	23,742	25,745	26,762	24,754	26,824	22,101	21,488	12,295	12,520	11,857	12,374	10,828	9,042	13,032	10,081	10,860	8,818	12,272	9,263	11,974	10,257	9,623	9,604	12,431	10,622	8,322	11,919	10,887	9,606	10,035	11,720	9,953	9,758	8,752	6,404	7,342	8,134	6,902	8,566	9,001	8,210	7,528	0	0	0	42,896	0	0	45,482	35,029	36,406	34,117	30,425	30,521	38,107	7,217	12,535	8,457	8,349	7,772	10,752	6,574	6,130	11,865	10,766	8,822	8,661	13,594	7,214	6,921	7,334	8,430	7,241	0	8,929	10,038	5,649	6,988	8,792	6,685	5,271	7,260	4,735	9,333	9,116	3,485	7,003	5,123	6,748	5,328	3,599	5,652	3,331	3,892	3,585	3,513	5,800	3,600	2,500	3,100	2,600
Accumulated Amortization	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accumulated Depreciation	0	0	0	-202,887	0	0	0	0	-171,923	-160,550	0	-155,623	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accumulated Other Comprehensive Income	816	1,447	1,042	683	1,086	1,113	353	-300	-1,306	-1,483	-1,611	-1,319	-2,251	-2,839	-2,964	-3,364	-1,014	-1,483	-918	-228	204	1,487	1,544	964	293	-1,442	-3,797	-3,619	-2,640	-7,969	-10,403	-16,162	-17,544	-14,310	-9,389	-12,713	-13,101	-2,379	886	-181	833	-92	-801	443	320	1,423	-1,913	2,132	50	-1,271	303	659	476	727	300	498	305	116	-122,944	-121,226	-116,839	-118,510	-116,851	-111,570	-102,628	-93,502	-90,806	-78,149	-74,689	-66,654	-74,950	-86,168	-86,767	-83,453	-85,248	-84,314	-88,967	-90,797	-90,101	-90,656	-99,175	-125,872	-140,772	-146,784	-154,010	355	122	-748	-137,533	-99	-110,302	-106,071	-100,581	-100,026	-94,339	-87,016	-80,638	-75,627	-77,680	-80,280	-81,821	-72,219	-65,621	-64,419	-67,311	-50,614	-47,170	-44,281	-38,752	-36,893	-22,020	-27,100	-17,200	-21,300	-21,100	-17,900
Additional Paid In Capital	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Capital Lease Obligations	48,919	56,352	58,914	55,676	70,365	49,598	51,862	42,569	48,182	54,621	47,331	50,186	54,906	62,267	81,366	86,772	93,610	91,052	76,655	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Capital Stock	185	185	185	185	185	185	185	185	185	196	197	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Capital Surpluse	0	0	154,348	152,921	0	152,575	151,238	150,436	149,406	148,056	146,420	143,438	0	0	0	142,345	141,885	141,840	141,337	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	2,294	7,388	7,817	54,584	68,665	59,257	4,463	7,144	8,412	22,188	4,966	4,790	8,407	13,734	67,127	39,655	43,591	39,795	28,823	31,001	23,127	19,612	122,146	38,371	15,356	8,277	18,691	7,252	7,750	5,027	8,433	3,690	4,490	14,022	23,770	16,290	21,330	17,234	19,351	19,918	9,263	10,526	9,054	8,549	6,846	7,664	4,386	3,814	3,895	3,377	2,281	5,235	9,361	6,546	4,304	9,931	12,221	7,132	11,789	19,534	6,300	6,166	8,844	5,222	4,500	4,372	4,804	4,305	5,407	8,328	2,583	1,135	3,618	3,656	143	1,459	5,066	943	5,915	2,194	3,306	1,837	2,863	1,593	42	1,132	1,155	383	383	1,054	589	780	2,287	383	1,061	729	1,046	661	763	794	2,926	450	111	7,353	2,610	2,666	390	4,265	3,492	3,222	461	900	500	200	500	400
Cash And Equivalents	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash And Short Term Investments	2,294	7,388	7,817	54,584	68,665	59,257	4,463	7,144	8,412	22,188	4,966	4,790	8,407	13,734	67,127	39,655	43,591	39,795	28,823	31,001	23,127	19,612	122,146	38,371	15,356	8,277	18,691	7,252	7,750	5,027	8,433	3,690	4,490	14,022	23,770	16,290	21,330	17,234	19,351	19,918	9,263	10,526	9,054	8,549	6,846	7,664	4,386	3,814	3,895	3,377	2,281	5,235	9,361	6,546	4,304	9,931	12,221	7,132	11,789	19,534	6,300	6,166	8,844	5,222	4,500	4,372	4,804	4,305	5,407	8,328	2,583	1,135	3,618	3,656	143	1,459	5,066	943	5,915	2,194	3,306	1,837	2,863	1,593	42	1,132	1,155	383	0	1,054	589	780	2,287	383	1,061	729	1,046	661	763	794	2,926	450	111	7,353	2,610	2,666	390	4,265	3,492	3,222	461	900	500	200	500	400
Common Stock	185	185	185	185	185	185	185	185	185	196	197	197	197	197	197	197	197	196	196	196	195	195	195	195	195	194	194	194	194	194	194	194	194	194	194	194	192	169	169	169	169	168	168	168	167	167	167	167	167	167	166	166	164	164	161	160	160	160	159	159	159	159	159	159	159	159	159	159	159	159	159	159	158	158	154	154	158	157	156	157	157	156	155	154	154	154	153	151	0	150	150	150	150	140	142	150	150	150	150	150	149	150	150	134	134	133	134	134	134	134	134	0	0	0	0	0
Common Stock Shares Outstanding	13,710	13,679	13,574	13,877	14,205	14,892	15,761	16,769	16,974	16,975	17,022	17,086	17,135	17,267	17,089	18,088	18,681	18,458	18,606	18,533	18,533	18,497	18,441	18,406	18,368	18,424	18,359	18,336	18,291	18,287	18,275	18,272	18,205	18,320	18,413	18,307	16,443	15,145	15,179	14,915	15,084	15,043	15,052	14,762	14,915	14,807	14,787	14,722	14,719	14,719	14,833	14,677	14,499	14,609	14,361	14,191	14,177	14,177	14,076	14,049	14,049	14,049	14,028	14,026	14,026	14,026	14,019	14,005	14,000	14,059	13,997	13,985	13,979	14,044	14,182	14,669	14,585	14,811	14,787	14,858	14,461	14,692	14,664	14,670	14,317	14,704	14,399	14,009	92,111	14,233	14,257	14,208	13,960	14,025	14,790	14,982	14,912	15,058	14,966	15,040	14,909	14,909	14,413	13,387	13,359	13,359	13,350	13,350	13,350	13,350	13,350	12,500	13,000	13,000	13,125	13,125
Common Stock Total Equity	0	0	185	185	0	185	185	185	185	196	173	197	197	197	197	197	197	196	196	196	195	195	195	195	195	194	194	194	194	194	194	194	194	194	194	194	192	169	169	169	169	168	168	168	167	167	167	167	167	167	166	166	164	164	161	160	160	160	159	159	159	159	159	159	159	159	159	159	159	159	159	159	158	158	154	154	158	157	156	157	157	156	155	154	154	153	151	151	151	150	150	150	150	140	142	150	150	150	150	150	149	150	150	134	134	133	134	134	134	134	134	0	0	0	0	0
Current Deferred Revenue	0	-771	-2,096	0	0	89,536	85,861	0	83,900	149,255	113,203	60,416	74,553	72,672	61,706	56,178	53,640	0	0	0	77,467	0	0	0	41,562	42,544	38,128	38,454	43,784	37,120	38,771	41,151	47,277	44,361	49,956	50,039	57,035	0	0	0	5,234	0	0	0	0	0	0	0	0	0	0	0	677	0	0	0	458	0	0	0	7,129	0	0	17,947	18,484	0	0	0	16,021	0	0	0	16,158	59,913	60,480	62,996	19,832	16,716	14,331	15,266	14,420	48,899	0	0	17,220	0	32,619	17,871	0	17,589	19,783	17,998	17,176	21,526	0	17,934	1,310	0	0	2,306	1,404	2,060	37	138	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Long Term Asset Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Long Term Liab	0	0	0	96,753	0	89,536	0	86,011	0	0	73,485	74,553	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Earning Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Good Will	75,747	73,154	68,946	58,217	58,217	58,217	58,217	72,006	42,518	42,518	42,518	42,518	42,518	42,518	42,518	42,518	42,518	42,518	42,518	40,730	41,598	41,086	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	11,539	11,539	11,539	11,539	11,539	11,539	11,539	11,539	11,539	11,539	11,539	36,210	36,210	36,210	36,210	36,210	36,210	36,210	36,210	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Intangible Assets	99,615	101,987	98,116	47,049	48,169	49,290	50,411	19,887	20,475	21,063	22,214	23,366	24,518	25,670	26,822	28,884	29,615	30,346	31,077	31,807	32,538	33,269	0	0	0	0	0	0	0	0	0	0	169	0	0	235	235	0	0	0	326	0	0	0	553	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	13,183	0	0	0	4,292	0	0	0	3,691	0	0	0	253	0	0	0	0	0	0	0
Inventory	4,848	4,863	4,125	3,308	3,516	3,722	3,961	3,731	3,323	3,659	3,554	3,471	3,119	3,296	3,571	3,812	4,210	4,178	4,142	4,125	4,067	4,337	4,313	4,273	4,232	4,049	3,961	4,034	3,980	4,112	4,210	4,189	4,004	4,152	4,316	4,318	4,402	4,504	4,708	4,754	4,718	4,608	4,670	4,514	4,550	4,483	4,350	4,640	4,611	4,562	4,624	4,635	4,481	4,142	3,846	3,993	4,004	3,849	3,829	3,754	3,894	4,286	4,491	4,314	4,102	3,932	4,592	4,774	4,985	4,572	4,656	4,716	4,661	4,532	4,140	3,829	3,581	3,566	3,252	3,170	3,581	3,340	3,373	3,180	3,226	3,126	2,924	3,471	3,471	3,514	3,616	3,196	2,949	3,139	3,189	3,295	3,046	2,820	2,507	2,126	1,929	1,597	1,589	1,187	1,121	852	991	988	880	678	801	800	500	600	700	600
Liabilities And Stockholders Equity	1,004,385	892,158	870,506	764,855	796,645	756,716	701,018	660,069	651,662	703,954	663,739	647,912	676,716	723,833	861,089	912,684	881,850	901,607	851,529	836,074	773,524	747,482	729,826	655,333	649,668	650,289	615,920	609,429	619,788	606,982	587,679	569,531	646,329	595,337	545,298	528,778	553,716	470,163	471,886	461,959	469,741	424,865	416,471	397,648	400,232	395,945	403,879	433,466	439,825	429,830	425,013	430,201	432,366	441,678	423,191	392,849	398,312	382,733	379,368	367,885	393,676	456,622	489,956	436,347	439,794	454,233	470,173	480,866	475,094	478,990	355,690	370,673	371,261	368,461	373,343	347,588	360,026	351,977	351,623	335,331	354,281	339,590	336,467	349,739	361,541	344,693	355,777	349,782	349,782	386,792	385,839	388,321	390,513	386,243	374,835	386,701	383,972	294,850	276,093	273,090	272,959	249,059	250,084	238,891	215,256	204,074	202,847	202,406	187,148	191,297	169,381	172,100	112,600	150,100	144,600	128,700
Long Term Debt	196,894	153,641	163,195	95,788	90,367	69,558	48,053	43,167	20,347	22,020	38,697	71,803	47,888	89,347	216,632	228,203	200,177	229,716	208,848	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long Term Debt Total	0	0	0	0	0	69,558	0	0	0	22,020	0	47,888	0	0	0	253,104	226,187	258,813	239,668	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long Term Investments	66,327	0	0	0	54,727	0	0	0	44,196	0	0	0	34,365	0	0	0	31,906	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Negative Goodwill	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Debt	291,170	234,308	242,849	118,249	110,964	75,699	105,856	83,199	65,839	62,840	88,069	124,047	103,179	152,947	284,966	337,204	305,165	329,976	296,084	279,760	214,568	216,624	146,365	175,532	198,444	213,070	192,195	199,542	208,264	219,444	197,803	188,147	250,944	222,425	139,860	154,136	181,003	205,975	214,646	215,854	229,134	191,828	180,999	173,984	176,359	172,606	192,453	218,672	244,579	236,395	221,588	231,451	220,593	236,335	219,786	192,697	207,636	189,067	166,664	138,307	160,824	153,482	125,801	73,485	88,874	96,733	107,272	118,792	103,773	103,387	21,417	31,865	29,382	29,234	46,874	-1,440	2,956	15,081	5,411	-894	9,994	1,463	-1,563	24,707	44,258	21,868	44,263	48,767	48,767	71,197	77,301	85,505	78,513	142,620	135,306	141,638	143,669	88,269	72,913	73,848	83,349	66,697	78,929	92,658	79,768	78,444	84,770	89,895	79,668	86,938	79,739	78,400	37,000	65,200	63,900	51,400
Net Invested Capital	647,965	579,367	571,416	488,319	486,392	465,471	414,488	406,656	375,768	360,302	359,241	375,308	347,322	419,210	577,658	618,580	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Receivables	153,610	158,564	147,251	125,649	128,406	137,281	147,280	146,271	161,331	200,038	174,935	113,605	109,074	112,342	100,375	207,212	181,735	181,255	172,321	173,926	168,877	151,882	120,956	118,464	130,766	124,618	96,804	92,252	109,649	87,402	81,751	82,465	130,039	80,171	86,374	88,841	103,022	86,056	89,496	86,765	86,744	81,605	83,224	82,520	80,130	79,900	77,651	72,220	70,619	68,520	65,512	68,187	66,984	75,645	75,872	70,914	68,425	67,350	62,759	58,293	73,352	109,816	105,308	95,448	92,186	84,130	79,374	78,290	78,952	95,716	82,379	76,205	89,460	86,034	75,313	72,336	87,216	83,759	84,396	67,999	72,898	70,152	68,010	71,196	71,106	75,258	79,975	71,271	71,271	81,392	78,777	78,739	87,526	84,790	81,068	83,598	9,295	58,545	54,739	54,049	54,265	48,217	47,638	40,460	38,757	35,287	37,030	36,617	33,186	34,558	36,723	28,200	17,500	26,900	25,400	17,800
Net Tangible Assets	0	0	379,664	265,896	270,742	247,403	266,989	286,706	266,314	248,805	230,773	223,606	223,606	246,608	237,591	257,091	277,978	275,570	278,090	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Working Capital	15,654	31,157	44,906	65,949	66,535	52,509	22,544	38,935	45,782	31,516	21,453	20,272	14,415	53,485	180,241	114,140	93,128	93,228	92,945	92,802	84,312	64,142	172,451	92,874	81,094	59,344	49,777	36,545	47,182	27,161	15,535	-2,070	46,365	13,730	37,851	36,296	52,676	26,281	29,541	17,553	14,072	9,248	7,870	-6,328	-19,980	-19,667	-24,815	-34,951	-42,104	-33,421	-31,000	-31,387	-30,745	-10,831	-18,686	-19,509	-17,846	-29,681	-9,378	-2,456	17,847	42,653	-10,140	24,520	26,690	31,431	-71,524	46,926	33,155	50,457	39,243	17,857	15,469	11,980	10,524	-4,639	15,154	19,144	14,342	10,531	9,117	-3,353	-3,224	14,653	-27,652	-826	5,794	-11,667	-11,667	3,940	5,392	17,000	16,597	70,805	70,136	67,181	67,091	48,324	42,810	38,135	46,373	35,712	39,530	39,134	30,679	30,570	29,660	38,541	33,165	33,615	34,138	24,200	8,300	23,900	23,900	16,600
Non Current Assets Total	818,440	689,652	671,558	559,866	573,989	543,439	528,031	491,103	463,135	464,763	462,864	503,515	528,920	523,035	514,750	630,140	627,255	655,539	625,915	610,029	561,880	555,948	463,753	483,546	487,354	501,079	481,874	494,141	485,575	492,138	479,277	470,888	474,586	476,948	391,456	396,454	397,254	345,556	334,794	333,189	342,972	306,748	299,350	283,485	291,922	283,428	289,605	328,709	331,424	336,017	332,489	339,602	341,228	343,614	324,360	296,052	296,485	286,308	271,331	256,943	266,386	286,997	324,570	286,819	303,044	310,005	322,382	327,889	331,727	306,639	226,904	257,953	241,165	237,048	254,277	238,189	232,688	238,711	231,057	230,706	244,849	242,030	236,803	245,199	261,612	249,983	256,386	256,203	0	288,201	289,313	288,248	281,247	283,514	275,250	286,523	284,672	224,149	208,576	207,226	206,840	189,992	192,598	181,033	167,884	160,057	159,751	154,234	145,561	148,316	128,528	137,100	88,100	119,600	114,600	106,300
Non Current Liabilities Other	14,169	14,076	12,204	62,112	7,494	56,741	8,914	5,940	2,149	13,426	8,477	8,050	9,794	11,251	7,995	4,754	2,578	3,169	2,855	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Non Current Liabilities Total	430,674	326,786	336,800	254,653	263,396	215,835	194,544	171,156	159,218	166,384	170,780	227,130	252,693	261,724	388,060	415,787	370,272	400,333	367,175	355,094	303,050	293,940	322,653	274,732	273,247	316,031	294,484	295,338	296,343	293,899	275,025	261,718	318,791	296,623	233,300	251,992	280,726	269,340	261,291	252,834	256,684	219,993	214,038	184,444	177,269	169,731	175,554	205,110	202,265	214,779	201,075	209,500	209,785	232,847	209,829	183,620	183,964	159,670	151,542	141,155	165,413	170,951	152,458	147,119	157,468	169,346	75,303	188,231	176,038	167,425	77,435	86,758	66,910	63,297	80,288	43,540	52,143	55,919	49,921	48,324	61,824	51,872	52,872	83,372	58,372	76,634	95,703	82,634	0	121,907	125,291	137,143	130,022	190,362	183,022	187,795	187,909	115,037	100,662	100,570	111,690	89,807	101,678	121,845	102,967	99,263	102,290	109,207	96,996	102,455	89,914	88,100	32,900	73,200	70,800	57,300
Non Currrent Assets Other	7,485	70,593	74,217	-91,346	-33,981	-84,687	-82,190	54,037	-75,198	50,829	46,780	67,119	26,532	67,619	52,458	59,220	6,013	41,990	41,117	37,485	11,043	32,828	-43,377	-40,063	3,137	-76,383	-58,668	-60,108	1,578	-55,806	-53,034	-50,639	1,984	15,854	12,606	1,629	491	9,328	10,039	7,210	595	5,989	15,567	6,313	1,064	6,379	7,134	20,440	9,121	1,742	7,309	6,150	5,735	6,058	5,336	5,922	6,611	8,461	18,390	18,818	18,829	18,952	69,157	18,809	19,304	19,808	19,847	20,337	20,543	31,389	7,062	7,135	26,803	6,776	6,166	6,197	23,266	9,869	22,988	23,066	23,115	23,193	23,276	23,359	23,124	22,538	22,620	24,667	24,667	24,895	24,900	25,277	25,198	25,752	15,611	15,790	2,455	7,443	6,194	6,284	2,011	5,067	5,327	6,066	2,572	3,780	1,633	1,170	924	1,146	1,120	1,200	200	800	400	600
Noncontrolling Interest In Consolidated Entity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Assets	954,438	19,057	13,034	140,016	5,141	4,849	3,671	3,026	9,463	8,905	118,808	29,838	36,067	21,739	20,758	28,020	210	9,590	9,617	0	0	0	0	0	0	0	0	0	-750	0	0	0	-1,094	0	17,792	0	-301	0	0	0	3,319	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Current Assets	25,193	533	486	436	367	132	170	69	34,430	13,306	17,420	22,531	265	414	715	1,226	1,132	1,028	934	976	1,435	2,333	2,165	1,729	1,817	1,008	1,009	1,018	13,584	18,303	14,008	8,299	34,304	20,044	21,590	22,875	28,009	16,813	23,537	17,333	22,725	21,378	20,173	18,580	16,784	20,470	27,887	24,083	29,276	17,354	5,538	2,772	802	2,575	5,443	4,182	9,547	10,352	19,396	17,892	27,694	15,016	12,519	11,937	10,448	18,433	22,688	32,055	26,840	36,416	9,820	30,664	32,357	37,191	39,470	31,775	31,475	24,997	27,003	31,262	29,647	22,231	25,418	28,571	25,555	15,194	15,337	18,454	0	12,631	13,544	17,358	16,504	14,417	1	12,556	75,038	7,374	7,672	6,861	6,999	7,691	7,037	7,747	4,885	4,953	4,426	6,099	4,029	4,311	2,692	5,100	6,000	2,800	3,400	3,600
Other Current Liab	76,754	90,864	77,413	73,978	79,823	1,655	-2,424	76,850	557	593	1,430	1,449	-4,335	14,199	6,251	1,086	185	52,036	47,597	51,474	-8,177	72,582	44,014	37,872	243	1,718	4,628	4,450	3,388	7,892	10,419	15,995	18,549	14,418	11,010	10,527	7,999	47,043	46,171	44,377	40,102	43,988	44,023	44,541	44,267	43,877	42,707	40,527	37,575	41,799	36,924	34,416	39,731	37,113	40,815	38,530	38,386	50,594	46,084	47,222	250	60,321	119,018	58,797	49,640	71,867	73,122	67,029	59,390	77,905	82,326	82,328	47,281	47,281	40,281	40,281	85,769	71,266	78,719	66,762	75,773	41,353	89,294	82,673	60,440	88,202	49,130	59,984	0	62,882	55,130	53,130	62,000	208	21,405	7,243	19,423	13,516	13,292	14,560	12,914	12,831	11,314	10,241	9,798	9,598	7,734	6,250	4,480	5,731	3,152	4,900	2,800	3,400	2,300	2,400
Other Liab	0	0	131,061	118,592	126,169	117,045	114,649	106,143	113,348	114,089	107,561	128,132	172,575	133,552	115,594	126,326	103,203	104,604	102,586	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Stockholder Equity	23,500	24,830	22,946	25,654	46,386	59,752	85,746	112,801	125,744	123,838	122,069	120,314	126,371	125,450	125,211	124,830	141,884	141,839	141,337	142,770	142,177	140,404	139,362	138,050	137,242	137,467	137,228	136,780	136,827	137,125	136,815	136,321	136,560	138,451	143,109	142,185	141,248	77,387	76,526	76,237	76,301	76,209	76,070	76,248	76,373	76,080	75,623	75,241	75,090	74,928	74,739	74,339	74,043	73,722	71,945	71,715	71,484	71,214	194,130	192,187	187,744	189,489	187,687	182,306	173,588	164,462	161,655	148,771	145,160	137,058	145,191	156,350	156,738	153,396	155,195	160,410	170,100	171,691	169,282	171,659	180,128	205,592	218,445	223,394	76,557	76,487	74,286	71,897	0	71,291	181,519	176,532	170,989	170,443	166,240	165,353	158,951	153,919	155,961	158,560	160,082	150,457	143,857	115,103	117,945	101,229	97,640	94,750	89,222	87,362	72,489	77,700	67,800	71,900	71,700	68,500
Preferred Stock Redeemable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Preferred Stock Total Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Property Plant And Equipment Gross	692,532	613,086	430,279	591,411	619,686	372,945	357,644	345,173	518,406	510,903	351,352	370,512	391,452	387,228	392,952	499,518	517,203	540,685	511,203	500,007	450,595	448,765	436,578	458,070	464,072	476,022	455,923	468,226	465,471	472,254	459,435	450,500	454,049	456,851	374,405	380,495	382,491	331,664	320,124	320,544	329,608	295,051	278,768	270,944	279,017	272,003	279,503	304,419	322,303	329,062	313,641	321,913	323,954	326,017	307,485	278,591	278,335	266,308	241,402	226,586	236,018	231,835	219,203	231,800	247,530	253,987	266,325	271,342	274,974	259,346	203,079	234,055	214,362	211,044	228,279	212,160	209,422	215,801	208,069	207,640	221,734	218,837	213,527	221,840	238,488	233,766	231,536	232,873	231,536	263,306	264,413	262,971	256,049	257,762	259,639	270,733	269,034	216,706	202,382	200,942	200,537	184,925	187,271	174,967	161,621	156,277	158,118	153,064	144,384	147,170	127,408	135,900	87,900	118,800	114,200	105,700
Property Plant And Equipment Net	514,655	443,918	430,279	388,524	407,735	372,945	357,644	345,173	346,483	350,353	351,352	370,512	391,452	387,228	392,952	499,518	517,203	540,685	511,203	500,007	450,595	448,765	436,578	458,070	464,072	476,022	455,923	468,226	465,471	472,254	459,435	450,500	454,049	456,851	374,405	380,495	382,491	331,664	320,124	320,544	329,608	295,051	278,768	270,944	279,017	272,003	279,503	304,419	322,303	329,062	313,641	321,913	323,954	326,017	307,485	278,591	278,335	266,308	241,402	226,586	236,018	231,835	219,203	231,800	247,530	253,987	266,325	271,342	274,974	259,346	203,079	234,055	214,362	211,044	228,279	212,160	209,422	215,801	208,069	207,640	221,734	218,837	213,527	221,840	238,488	227,445	233,766	231,536	0	263,306	264,413	262,971	256,049	257,762	259,639	270,733	269,034	216,706	202,382	200,942	200,537	184,925	187,271	174,967	161,621	156,277	158,118	153,064	144,384	147,170	127,408	135,900	87,900	118,800	114,200	105,700
Property Plant Equipment	0	0	430,279	388,524	407,735	372,945	357,644	345,173	346,483	350,353	351,352	370,512	391,452	387,228	392,952	499,518	517,203	540,685	511,203	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Earnings	378,919	367,561	355,491	344,640	329,471	319,063	269,747	246,196	225,076	207,344	192,882	177,465	166,325	191,988	184,487	206,830	209,043	207,881	211,070	204,999	200,566	184,064	172,450	162,479	157,471	108,173	103,542	101,993	102,032	96,050	93,181	86,747	82,950	69,720	62,093	51,092	40,865	27,320	25,463	21,683	23,057	19,718	17,745	15,854	17,813	16,360	15,359	11,108	11,748	13,993	25,206	23,551	26,015	25,323	23,439	20,550	22,726	25,467	39,066	42,212	47,756	87,561	90,977	93,325	101,147	100,971	104,547	115,803	118,214	119,108	118,312	118,711	119,595	115,630	114,412	113,760	114,408	120,886	116,141	111,753	111,032	106,929	102,879	99,716	98,877	95,527	91,916	90,602	90,602	98,892	98,047	97,494	97,264	93,400	90,321	87,422	85,389	78,994	72,293	66,361	63,112	57,509	52,064	47,504	44,829	40,616	36,517	32,965	31,127	28,873	22,149	22,600	12,900	19,700	17,100	15,000
Retained Earnings Total Equity	0	0	355,491	344,640	0	319,063	269,747	246,196	225,076	207,344	192,882	166,325	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Short Long Term Debt	47,651	31,703	28,557	21,369	18,897	15,800	10,404	4,607	5,722	8,387	7,007	6,848	8,792	15,067	54,095	61,884	54,969	49,003	39,404	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Short Long Term Debt Total	293,464	241,696	250,666	172,833	179,629	134,956	110,319	90,343	74,251	85,028	93,035	128,837	111,586	166,681	352,093	376,859	348,756	369,771	324,907	310,761	237,695	236,236	268,511	213,903	213,800	221,347	210,886	206,794	216,014	224,471	206,236	191,837	255,434	236,447	163,630	170,426	202,333	223,209	233,997	235,772	238,397	202,354	190,053	182,533	183,205	180,270	196,839	222,486	248,474	239,772	223,869	236,686	229,954	242,881	224,090	202,628	219,857	196,199	178,453	157,841	167,124	159,648	134,645	78,707	93,374	101,105	112,076	123,097	109,180	111,715	24,000	33,000	33,000	32,890	47,017	19	8,022	16,024	11,326	1,300	13,300	3,300	1,300	26,300	44,300	23,000	45,418	49,150	49,150	72,251	77,890	86,285	80,800	143,003	136,367	142,367	144,715	88,930	73,676	74,642	86,275	67,147	79,040	100,011	82,377	81,110	85,160	94,160	83,160	90,160	80,200	79,300	37,500	65,400	64,400	51,800
Short Term Debt	60,382	47,057	44,927	36,772	42,402	36,166	30,424	25,330	28,381	32,733	29,816	29,839	31,468	38,509	79,627	87,398	81,687	74,042	60,318	54,945	35,941	33,322	37,313	28,521	27,558	33,230	30,685	26,797	27,577	32,590	32,817	34,749	48,374	36,617	25,259	25,205	29,430	41,679	48,949	56,218	55,720	52,962	54,341	66,344	73,988	76,587	86,429	89,423	104,178	79,031	79,258	79,436	74,573	63,216	67,701	69,566	73,301	75,512	71,331	66,176	59,168	66,651	56,508	2,782	6,907	4,524	112,076	8,597	4,280	5,882	0	0	42,731	3,890	9	9	9	9	1,309	1,300	1,300	2,000	0	43,000	43,000	3,418	3,418	20,150	20,150	5,251	6,183	6,296	6,505	1,398	1,359	2,549	4,218	4,126	2,082	1,747	1,943	1,461	1,482	1,597	1,566	250	50	50	50	50	50	100	9,800	700	700	800
Short Term Investments	0	15,634	0	0	0	-21	-14	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Temporary Equity Redeemable Noncontrolling Interests	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Assets	1,004,385	892,158	870,506	764,855	796,645	756,716	701,018	660,069	651,662	703,954	663,739	647,912	676,716	723,833	861,089	912,684	881,850	901,607	851,529	836,074	773,524	747,482	729,826	655,333	649,668	650,289	615,920	609,429	619,788	606,982	587,679	569,531	646,329	595,337	545,298	528,778	553,716	470,163	471,886	461,959	469,741	424,865	416,471	397,648	400,232	395,945	403,879	433,466	439,825	429,830	425,013	430,201	432,366	441,678	423,191	392,849	398,312	382,733	379,368	367,885	393,676	456,622	489,956	436,347	439,794	454,233	470,173	480,866	475,094	478,990	355,690	370,673	371,261	368,461	373,343	347,588	360,026	351,976	351,623	335,331	354,281	339,590	336,467	349,739	361,541	344,693	355,777	349,782	349,782	386,792	385,839	388,321	390,513	386,243	374,835	386,701	383,974	294,850	276,093	273,090	272,959	249,059	250,084	238,891	215,256	204,074	202,847	202,406	187,148	191,297	169,381	172,100	112,600	150,100	144,600	128,700
Total Current Assets	185,945	202,506	198,948	204,989	222,656	213,277	172,987	168,966	188,527	239,191	200,875	144,397	147,796	200,798	346,339	282,544	254,385	246,068	225,614	226,045	211,644	191,534	266,073	171,787	162,314	149,210	134,046	115,288	134,963	114,844	108,402	98,643	172,837	118,389	136,050	132,324	156,763	124,607	137,092	128,770	123,450	118,117	117,121	114,163	108,310	112,517	114,274	104,757	108,401	93,813	92,524	90,599	91,138	98,064	98,831	96,797	101,827	96,425	108,037	110,942	127,290	169,625	165,386	149,528	136,750	144,228	147,791	152,977	143,367	172,351	128,786	112,720	130,096	131,413	119,066	109,399	127,338	113,265	120,566	104,625	109,432	97,560	99,664	104,540	99,929	94,710	99,391	93,579	93,579	98,591	96,526	100,073	109,266	102,729	99,585	100,178	99,302	70,701	67,517	65,864	66,119	59,067	57,486	57,858	47,372	44,017	43,096	48,172	41,587	42,981	40,853	35,000	24,500	30,500	30,000	22,400
Total Current Liabilities	170,291	171,349	154,042	139,040	156,121	160,768	150,443	130,031	142,745	207,675	179,422	124,125	133,381	147,313	166,098	168,404	161,257	152,840	132,669	133,243	127,332	127,392	93,622	78,913	81,220	89,866	84,269	78,743	87,781	87,683	92,867	100,713	126,472	104,659	98,199	96,028	104,087	98,326	107,551	111,217	109,378	108,869	109,251	120,491	128,290	132,184	139,089	139,708	150,505	127,234	123,524	121,986	121,883	108,895	117,517	116,306	119,673	126,106	117,415	113,398	109,443	126,972	175,526	125,008	110,060	112,797	219,315	106,051	110,212	121,894	89,543	94,863	114,627	119,433	108,542	114,038	112,184	94,121	106,224	94,094	100,315	100,913	102,888	89,887	127,581	95,536	93,597	105,246	105,246	94,651	91,134	83,073	92,669	31,924	29,449	32,997	32,211	22,377	24,707	27,729	19,747	23,355	17,956	18,724	16,692	13,447	13,436	9,631	8,422	9,366	6,715	10,800	16,200	6,600	6,100	5,800
Total Liab	600,965	498,135	490,842	393,693	419,517	376,603	344,987	301,187	301,963	374,059	350,202	351,255	386,074	409,037	554,158	584,191	531,740	553,174	499,844	488,337	430,382	421,332	416,275	353,645	354,467	405,897	378,753	373,573	383,375	381,582	367,892	362,431	444,169	401,282	349,291	348,020	384,512	367,666	368,842	364,051	369,381	328,862	323,289	304,935	305,559	301,915	314,643	344,818	352,770	342,013	324,599	331,486	331,668	341,742	327,346	299,926	303,637	285,776	268,957	254,553	274,856	297,923	327,984	272,127	267,528	282,143	294,618	294,282	286,250	289,319	166,978	181,621	181,537	182,730	188,830	157,578	164,327	150,040	156,145	142,418	162,139	152,785	155,760	173,259	185,953	172,170	189,300	187,880	187,880	216,558	216,425	220,216	222,691	222,286	212,471	220,792	220,120	137,414	125,369	128,299	131,437	113,162	119,634	140,569	119,659	112,710	115,726	118,838	105,418	111,821	96,629	98,900	49,100	79,800	76,900	63,100
Total Permanent Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Stockholder Equity	403,420	394,023	379,664	371,162	377,128	380,113	356,031	358,882	349,699	329,895	313,537	296,657	290,642	314,796	306,931	328,493	350,110	348,433	351,685	347,737	343,142	326,150	313,551	301,688	295,201	244,392	237,167	235,856	236,413	225,400	219,787	207,100	202,160	194,055	196,007	180,758	169,204	102,497	103,044	97,908	100,360	96,003	93,182	92,713	94,673	94,030	89,236	88,648	87,055	87,817	100,414	98,715	100,698	99,936	95,845	92,923	94,675	96,957	110,411	113,332	118,820	158,699	161,972	164,220	172,266	172,090	175,555	186,584	188,844	189,671	188,712	189,052	189,724	185,731	184,513	190,010	195,699	201,937	195,478	192,913	192,142	186,805	180,707	176,480	175,588	172,523	166,477	161,902	0	170,234	169,414	168,105	167,822	163,957	162,364	165,909	163,852	157,436	150,724	144,791	141,522	135,897	130,450	98,322	95,597	91,364	87,121	83,568	81,730	79,476	72,752	73,200	63,500	70,300	67,700	65,600
Treasury Stock	0	0	0	0	0	-92,823	-65,492	-37,635	-23,662	-24,218	-24,351	-17,067	0	0	0	-17,515	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Warrants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0

Cash Flow

Currency in USD. All numbers in thousands.

	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31	1996-12-31	1995-12-31	1994-12-31
Begin Period Cash Flow	68,665	8,412	8,407	43,591	23,127	15,356	7,750	4,490	21,330	9,263	6,846	3,895	9,361	12,221	6,300	4,500	5,407	3,618	5,066	3,306	42	383	2,287	1,046	2,926	2,610	3,492	461	4,900	1,200
Capital Expenditures	217,607	100,468	35,285	94,049	138,273	75,142	110,802	112,794	181,963	163,679	135,896	41,787	114,800	137,347	113,063	89,024	64,261	162,750	109,918	81,615	94,362	70,720	55,466	71,427	101,653	80,523	55,277	49,142	72,400	53,600
Cash And Cash Equivalents Changes	0	0	5	-35,184	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash Flows Other Operating	0	0	283	3,821	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change In Cash	-66,371	60,253	5	-35,184	20,464	7,771	7,606	3,260	-16,840	12,067	2,417	2,951	-5,466	-2,860	5,921	1,800	-907	1,789	-1,448	1,760	3,264	-341	-1,904	1,241	-1,880	317	-882	3,030	-4,500	3,700
Change In Working Capital	-39,463	23,494	-52,766	-7,193	-20,930	-7,514	-26,744	13,261	-36,900	542	-15,180	2,076	-10,362	-4,286	1,743	6,186	-7,462	16,393	-14,598	7,042	1,269	8,084	28,914	-8,454	-22,651	-13,174	449	2,461	-21,000	-4,100
Change Receivables	0	0	-36,544	-60,849	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Account Receivables	-22,416	39,465	-36,544	-60,849	-6,706	-27,199	-23,670	21,207	-28,120	-16,996	-4,312	-10,415	0	0	0	0	-7,631	14,449	-4,841	-9,454	-4,193	-1,317	16,610	-3,965	-11,974	-12,554	-2,581	3,011	-19,600	-5,800
Change To Inventory	-317	-193	-204	1,091	-143	168	-252	24	398	316	-168	61	-130	-477	-110	286	865	-283	-1,081	46,642	-356	245	-522	97	-750	-617	-156	-79	-300	-200
Change To Liabilities	0	-6,217	16,345	19,831	-15,513	19,232	-3,425	-5,116	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Netincome	0	-30,458	11,372	47,317	-4,192	13,804	-18,506	394	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Operating Activities	0	-9,561	-32,363	32,734	1,432	285	603	-2,854	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	69,943	57,512	53,881	65,480	80,529	75,859	72,422	71,647	62,010	49,043	44,457	48,135	53,001	56,100	47,987	85,960	51,801	43,234	39,769	-45,001	-43,041	-49,497	-56,324	39,181	35,658	32,075	27,364	22,781	-16,800	-9,400
Dividends Paid	5,781	4,287	4,287	4,287	4,287	0	0	0	0	0	0	0	0	0	0	0	0	0	122,000	57,026	0	0	0	0	0	0	0	0	0	0
End Period Cash Flow	2,294	68,665	8,412	8,407	43,591	23,127	15,356	7,750	4,490	21,330	9,263	6,846	3,895	9,361	12,221	6,300	4,500	5,407	3,618	5,066	3,306	42	383	2,287	1,046	2,926	2,610	3,492	400	4,900
Exchange Rate Changes	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Free Cash Flow	-132,766	58,762	37,933	-31,009	-74,242	49,658	-27,949	-10,364	-96,486	-89,935	-95,451	13,314	-82,739	-66,508	-82,165	-48,716	-30,540	-102,086	-84,345	-37,502	-46,646	-3,553	18,298	-22,766	-57,168	-40,620	-10,032	-10,017	-63,300	-38,200
Investments	-180,981	-86,208	1,495	138,046	-1,365	-120,897	-62,053	-47,287	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Issuance Of Capital Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Borrowings	0	77,463	-71,877	-218,487	50,572	4,120	-12,249	-50,665	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Income	54,629	108,682	60,731	-42,718	8,477	42,503	55,439	16,835	42,085	17,808	5,244	6,065	-14,267	3,289	-25,030	-53,391	-16,726	-1,381	5,186	3,376	11,289	9,164	-6,662	11,875	22,277	18,283	13,702	8,978	9,300	7,300
Other Cashflows From Financing Activities	245,347	154,155	643,542	1,417,811	1,840,324	1,700,629	1,391,745	1,087,683	986,777	112,997	128,042	28,658	101,803	85,982	109,224	449,019	62,434	171,259	244,006	113,648	71,685	85,000	53,905	169,833	96,965	84,079	-124	2,868	84,000	39,100
Other Cashflows From Investing Activities	0	0	45,642	108,375	108,375	108,375	108,375	65,507	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Non Cash Items	-26,069	-50,487	-15,766	60,126	-8,213	-5,021	3,101	-877	-3,915	-8,882	-2,785	-9,194	5,053	-2,804	14,167	4,064	-328	829	1,465	86,457	87,797	95,697	112,431	-121	64	0	-199	1,090	33,500	18,700
Sale Purchase Of Stock	-25,430	-84,723	-10,348	-17,486	-1,110	0	0	0	-4,994	0	0	0	0	0	-115	0	0	0	-11,657	-1,990	0	0	0	0	0	0	0	0	0	0
Stock Based Compensation	7,100	6,587	9,059	2,270	819	5,177	1,201	1,378	1,496	1,386	381	1,284	1,226	1,118	695	-55	2,022	-2,071	0	4,302	7	5,256	1,079	0	0	-1,427	-424	-235	-600	0
Total Cash From Financing Activities	84,709	-12,769	-83,557	-236,270	49,462	3,868	-13,194	-51,883	45,359	22,919	46,373	-65,304	13,214	8,573	38,031	24,138	-23,520	41,737	16,905	-9,917	-18,577	-11,157	-44,343	-6,201	34,462	19,471	-18,523	2,828	42,100	38,500
Total Cash From Operating Activities	84,841	159,230	73,218	63,040	64,031	124,800	82,853	102,430	85,477	73,744	40,445	55,101	32,061	70,839	30,898	40,308	33,721	60,664	25,573	44,113	47,716	67,167	73,764	48,661	44,485	39,903	45,246	39,125	9,100	15,400
Total Cashflows From Investing Activities	0	-86,208	10,344	138,046	-93,029	-120,897	-62,053	-47,287	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0

	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2005-09-30	2005-06-30	2005-03-31	2004-12-31	2004-09-30	2004-06-30	2004-03-31	2003-12-31	2003-09-30	2003-06-30	2003-03-31	2002-12-31	2002-09-30	2002-06-30	2002-03-31	2001-12-31	2001-09-30	2001-06-30	2001-03-31	2000-12-31	2000-09-30	2000-06-30	2000-03-31	1999-12-31	1999-09-30	1999-06-30	1999-03-31	1998-12-31	1998-09-30	1998-06-30	1998-03-31	1997-12-31	1997-09-30	1997-06-30	1997-03-31	1996-12-31	1996-09-30	1996-06-30	1996-03-31	1995-12-31	1995-09-30	1995-06-30	1995-03-31
Begin Period Cash Flow	7,388	7,817	54,584	68,665	59,257	4,463	7,144	8,412	22,188	4,966	4,790	8,407	13,734	67,127	39,655	43,591	39,795	28,823	31,001	23,127	19,612	122,146	38,371	15,356	8,277	18,691	7,252	7,750	5,027	8,433	3,690	4,490	14,022	23,770	16,290	21,330	17,234	19,351	19,918	9,263	10,526	9,054	8,549	6,846	7,664	4,386	3,814	3,895	3,377	2,281	5,235	9,361	6,546	4,304	9,931	12,221	7,132	11,789	19,534	6,300	6,166	8,844	5,222	4,500	4,372	4,804	4,305	5,407	8,328	2,583	1,135	3,618	3,656	143	1,459	5,066	943	5,915	2,194	3,306	1,837	2,863	1,593	42	1,132	1,155	366	1,054	1,054	589	780	2,287	383	1,061	729	1,046	661	763	794	2,926	450	111	7,353	2,610	2,666	390	4,265	3,492	3,222	1,457	0	500	800	12,600	19,000	4,900
Capital Expenditures	105,560	52,980	42,846	16,221	39,060	33,848	18,870	8,690	13,484	7,830	10,064	3,907	30,435	16,623	11,751	35,240	8,870	50,278	41,199	37,926	30,614	12,757	389	32,160	20,885	39,740	27,666	22,511	11,874	40,247	43,279	17,394	36,352	108,480	18,867	18,264	70,263	33,999	41,673	17,744	53,552	37,731	29,181	15,432	21,007	9,841	4,005	6,934	27,579	42,252	22,179	22,790	15,509	48,278	54,171	19,389	37,155	36,108	33,735	6,065	45,445	35,188	5,264	3,127	12,933	11,906	15,434	23,988	43,792	41,201	33,530	44,227	20,829	22,114	40,302	26,673	18,140	28,812	25,190	9,473	35,425	30,613	26,221	2,103	30,476	11,126	12,879	1,511	1,511	9,896	20,249	23,810	24,803	6,635	23,349	16,640	31,547	26,409	23,070	20,627	16,101	7,190	27,398	29,834	13,995	9,152	15,842	16,288	9,054	8,772	17,216	14,100	24,200	9,700	13,900	24,600
Cash And Cash Equivalents Changes	0	0	-46,767	-14,081	0	54,794	-2,681	-1,268	-13,776	17,222	176	-5,327	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash Flows Other Operating	0	0	-9,483	1,965	0	-2,044	-1,135	3,113	-585	3,165	1,915	-32,367	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change In Cash	-5,094	-429	-46,767	-14,081	9,408	54,794	-2,681	-1,268	-13,776	17,222	176	-3,617	-5,327	-53,393	27,472	-3,936	3,796	10,972	-2,178	7,874	3,515	-102,534	83,775	23,015	7,079	-10,414	11,439	-498	2,723	-3,406	4,743	-800	-9,532	-9,748	7,480	-5,040	4,096	-2,117	-567	10,655	-1,263	1,472	505	1,703	-818	3,278	572	-81	518	1,096	-2,954	-4,126	2,815	2,242	-5,627	-2,290	5,089	-4,657	-7,745	13,234	134	-2,678	3,622	722	128	-432	499	-1,102	-2,921	5,745	1,448	-2,483	-38	3,513	-1,316	-3,607	4,123	-4,972	3,721	-1,112	1,469	-1,026	1,270	1,551	-1,090	-23	789	-671	-671	465	-191	-1,507	1,904	-678	332	-317	385	-102	-31	-2,132	2,476	339	-7,242	4,743	-56	2,276	-3,875	773	270	1,765	10,868	-1,000	14,600	800	12,600	14,100
Change In Working Capital	-9,203	1,141	-23,390	-8,011	-3,250	13,756	5,257	7,731	-30,863	-1,294	-4,700	-15,909	14,286	-15,332	12,480	-18,627	4,547	-1,195	-9,767	-14,515	-19,208	6,350	-6,340	11,684	-8,576	-21,050	-6,907	9,789	-11,030	-5,588	-8,313	38,192	-45,237	206	-1,121	9,252	-4,789	8,951	-3,977	357	-8,992	1,891	-6,785	-1,294	-258	804	-526	2,056	-4,576	3,051	-789	-8,048	6,484	-6,793	-3,014	-963	-5,154	2,585	-8,646	12,958	26,707	-5,096	-13,146	-2,279	-1,516	-5,568	8,702	-9,080	20,780	-12,075	-11,028	18,716	-4,471	-10,389	-12,954	13,216	14,427	-3,459	-10,600	6,674	-15,062	925	14,993	413	-1,935	9,032	3,125	10,081	-15,607	2,822	7,980	8,031	-5,294	-2,598	2,588	-3,150	-15,736	-8,026	-5,258	6,369	-6,680	4,376	-7,130	-3,740	-252	1,032	4,409	-4,740	-566	-2,005	-5,168	10,200	-9,500	-500	-6,900	-4,100
Change Receivables	0	0	-16,088	2,863	0	9,654	-763	22,213	36,304	-28,177	-37,754	11,564	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Account Receivables	2,147	-11,338	-16,088	-3	8,361	9,654	-763	199	74,186	-28,177	-37,754	-6,917	11,564	-37,611	13,416	-48,218	2,393	-9,263	2,646	-2,482	-22,482	-16,538	-1,174	12,995	-3,695	-26,239	-5,775	12,039	-22,536	-5,577	1,623	47,697	-50,775	6,098	2,466	14,091	-17,204	3,330	-3,010	-112	-5,303	11,537	-9,396	-1,150	0	0	0	103	0	0	0	139	0	0	0	166	0	0	0	188	7,575	0	0	-7,575	-3,887	-1,523	-2,251	30	9,831	-3,489	-7,858	15,965	-1,748	-11,685	-3,153	11,745	-3,559	647	-11,441	4,899	-4,594	-2,303	2,968	-264	1,682	4,645	-6,436	9,561	9,561	438	-3,749	10,360	1,699	-6,501	476	361	-7,452	-3,737	-728	-57	-3,685	-384	-6,784	-1,701	399	1,608	-1,066	-3,522	1,139	-1,041	-5,487	8,400	-9,900	-1,700	-7,500	-500
Change To Inventory	15	-738	198	208	206	239	-230	-408	336	-104	-84	-352	177	275	241	398	-32	-36	-17	-58	270	-21	-39	-42	-183	-88	73	-54	132	98	-21	-185	148	164	2	84	102	204	46	-36	-110	62	-156	36	-67	-133	290	-29	-49	62	11	-154	-340	-295	147	11	-155	-20	-67	132	427	221	-154	-208	-158	639	145	239	-413	125	60	-55	-130	-392	-311	-248	-16	-313	-82	411	-242	33	-193	46	-100	-202	400	43	43	102	-420	-247	189	51	106	-249	42	-214	-381	-197	-141	-8	-402	-66	-184	139	-3	-108	-203	-37	-33,148	-26,500	-200	100	-100	-100
Change To Liabilities	0	0	1,825	-13,637	-7,062	5,225	7,204	-17,102	-8,486	26,033	14,934	1,163	0	6,664	4,586	2,586	96	966	-6,931	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Netincome	0	0	-2,569	-15,361	14,130	-33,751	-6,047	-4,012	-5,826	3,393	-76	298	298	-4,823	17,779	-900	-797	-271	-2,488	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Operating Activities	0	0	-12,610	2,231	-4,755	-4,755	1,020	-5,278	-26,654	18,253	18,204	-9,803	-9,803	15,340	-5,763	26,607	2,090	7,138	-5,465	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	18,242	18,182	18,944	14,575	15,778	14,357	13,932	13,445	12,565	13,365	13,864	14,087	14,199	13,428	19,666	18,187	19,279	20,824	20,575	19,851	19,489	19,541	18,215	18,614	17,933	17,221	18,602	18,666	19,505	18,907	16,601	16,634	18,269	14,768	14,467	14,506	12,633	11,440	12,362	12,608	12,129	10,752	9,955	11,621	12,101	11,647	12,061	12,326	13,511	12,722	12,426	14,342	14,435	14,467	13,942	13,256	13,714	12,406	10,977	10,890	50,838	12,410	11,178	11,534	11,992	12,725	14,691	12,393	13,288	9,732	10,054	10,160	8,762	10,940	10,553	9,514	-76,060	10,028	10,186	10,845	-11,833	-52,634	32,026	-10,600	-12,031	-62,059	38,651	-85,841	-85,841	10,348	10,119	9,050	8,403	8,811	11,281	10,686	60,910	-8,721	-8,560	-7,971	54,012	-7,902	-7,262	-6,773	46,860	-6,807	-6,333	-6,356	38,752	-5,421	-5,350	-5,200	-4,800	-4,400	-4,200	-3,400
Dividends Paid	1,437	1,436	1,442	1,466	1,095	1,170	975	1,047	1,047	1,047	1,047	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	27	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
End Period Cash Flow	2,294	7,388	7,817	54,584	68,665	59,257	4,463	7,144	8,412	22,188	4,966	4,790	8,407	13,734	67,127	39,655	43,591	39,795	28,823	31,001	23,127	19,612	122,146	38,371	15,356	8,277	18,691	7,252	7,750	5,027	8,433	3,690	4,490	14,022	23,770	16,290	21,330	17,234	19,351	19,918	9,263	10,526	9,054	8,549	6,846	7,664	4,386	3,814	3,895	3,377	2,281	5,235	9,361	6,546	4,304	9,931	12,221	7,132	11,789	19,534	6,300	6,166	8,844	5,222	4,500	4,372	4,804	4,305	5,407	8,328	2,583	1,135	3,618	3,656	143	1,459	5,066	943	5,915	2,194	3,306	1,837	2,863	1,593	42	1,132	1,155	383	383	1,054	589	780	2,287	383	1,061	729	1,046	661	763	794	2,926	450	111	7,353	2,610	2,666	390	4,265	3,492	3,222	10,868	-500	14,600	800	12,600	19,000
Exchange Rate Changes	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Free Cash Flow	-73,692	-12,375	-37,726	-8,973	-899	10,318	18,617	30,726	-8,504	26,285	14,443	5,709	7,648	-15,768	15,867	-38,756	15,358	-34,072	-26,772	-28,756	-7,428	26,225	26,325	4,536	-819	-23,263	-12,023	8,156	8,467	-22,539	-30,411	34,119	-29,435	-86,829	3,289	16,489	-45,112	-10,526	-27,757	-6,540	-43,078	-21,796	-22,200	-8,377	-6,702	4,687	10,700	4,629	-21,405	-29,126	-10,143	-22,065	7,044	-38,279	-38,060	2,787	-31,863	-25,701	-34,539	9,938	-13,513	-25,007	-8,467	-1,729	2,643	-3,098	-9,141	-20,944	-24,425	-24,197	-36,231	-17,233	-9,101	-18,193	-52,428	-4,623	-467	-16,636	-28,624	8,225	-37,413	-16,023	-2,792	9,582	-19,026	13,901	5,516	20,749	20,749	6,466	-3,079	-5,838	-13,624	5,575	-7,948	-6,769	-24,714	-17,277	-12,248	-2,929	-6,585	10,652	-21,851	-22,836	-3,236	4,109	622	-11,527	1,549	-145	-12,421	1,000	-25,200	-2,100	-13,800	-22,200
Investments	-91,326	-31,266	-340	-1,108	-36,386	-13	-17,967	-12	46	2,185	-13	-33	7,049	126,914	20,581	-16,498	6,519	-34,212	-31,841	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Issuance Of Capital Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Borrowings	0	0	74,595	7,893	23,540	26,898	10,686	21,489	65,105	-15,296	-33,582	-14,515	-14,515	-181,103	-20,753	33,599	-26,603	29,073	15,235	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Income	12,645	13,506	12,293	16,635	11,503	50,486	24,526	22,167	17,732	16,440	15,419	11,140	-25,663	7,501	-22,343	-2,213	1,162	-3,189	6,071	4,433	16,501	11,614	9,971	4,417	49,298	4,631	1,549	-39	5,982	2,869	4,187	3,797	13,230	7,627	11,001	10,227	13,545	1,857	3,780	-1,374	3,339	1,973	1,891	-1,959	1,453	1,001	4,251	-640	-2,245	-11,213	1,655	-2,464	692	1,884	2,889	-2,176	-2,741	-13,599	-3,147	-5,543	-39,805	-3,416	-2,349	-7,821	176	-3,575	-11,257	-2,070	-894	796	-399	-884	4,482	820	384	-500	-8,627	5,447	4,877	1,679	3,237	4,049	3,164	839	1,689	5,272	2,980	-8,290	-8,290	845	554	229	3,865	3,078	2,899	2,033	6,394	6,702	5,932	3,249	5,603	5,445	4,561	2,674	4,213	4,099	3,552	1,838	2,254	3,318	2,906	500	2,500	2,600	2,100	2,100
Other Cashflows From Financing Activities	-3,272	81,374	-35	12,788	30,293	34,060	51,173	69,996	109,312	88,139	230,494	215,597	261,048	298,009	417,144	441,610	480,089	459,086	445,718	454,321	463,059	402,887	468,428	366,255	349,754	398,388	359,862	283,741	266,432	261,806	267,552	291,893	892,521	83,101	409	5,752	114,260	16,330	22,699	22,692	44,657	29,195	35,575	18,615	21,371	14,845	-8,811	1,253	25,037	36,658	13,252	27,308	-2,087	38,241	43,509	6,319	40,594	340,393	233,806	158,239	252,949	44,342	136,382	15,346	15,806	6,594	13,978	26,056	66,681	68,307	26,501	10,016	11,108	32,889	58,036	20,000	8,596	9,913	30,200	6,000	33,003	19,000	14,997	4,685	31,000	1,632	14,368	3,674	-1,326	12,325	16,999	20,907	127,391	21,654	5,161	15,627	42,936	29,029	17,000	8,000	30,079	-11,552	43,552	22,000	-123	-3,905	-9,000	11,000	-7,000	-40	10,868	-13,600	21,000	1,000	14,000	48,000
Other Cashflows From Investing Activities	0	0	-77,221	24,407	0	47,004	903	-36,296	1,863	10,015	19,926	37,165	0	108,375	108,375	108,375	108,375	29,855	13,789	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Non Cash Items	-6,273	3,604	-7,297	-15,737	3,420	-39,424	-7,700	-6,783	-2,094	-1,929	-4,832	-6,911	41,979	-7,105	25,686	-434	134	-1,578	-3,798	-2,971	-135	-2,320	-2,026	-540	205	36	3,243	-383	489	-81	-597	-688	-365	-1,269	-2,753	472	-5,610	-1,500	-1,727	-45	91	-1,533	-316	-1,027	-958	-490	-5,338	-2,408	-310	10,978	-3,402	-2,213	-640	-1,932	-360	128	1,070	12,348	251	498	307	266	321	-219	-1,481	398	439	571	-19,660	20,135	-1,328	18	491	396	269	-149	88,607	160	-491	-958	24,493	63,248	-21,254	21,433	24,977	71,610	-27,610	112,294	0	433	796	-13	161	1,429	-1,057	-655	-50,625	17,355	17,175	16,072	-45,583	15,923	15,167	14,534	-39,350	13,652	12,782	12,717	-31,466	11,311	10,745	10,500	9,500	9,000	8,200	6,800
Sale Purchase Of Stock	58	0	-4,683	-20,805	-13,837	-27,521	-28,565	-14,800	0	-1,988	-242	-8,118	0	0	29	-17,515	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-452	0	0	0	0	-1	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-9,850	-1,807	0	-77	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Stock Based Compensation	1,884	1,884	1,774	1,558	1,445	1,394	1,855	1,893	2,256	1,857	2,352	2,594	1,150	298	356	466	393	597	-1,433	1,262	1,934	1,105	1,312	826	305	292	449	155	264	310	500	304	360	336	515	285	423	710	250	3	230	142	-179	188	302	448	383	151	160	190	368	508	320	205	362	231	271	143	225	56	1,699	1,062	797	-224	-310	1,301	625	151	813	-1,225	1	4	-516	533	-128	569	1,889	0	594	958	279	1	0	-396	963	1,098	1,266	1,929	0	0	0	0	0	0	1	0	0	122	-58	23	-16	0	-479	-973	-559	63	26	46	125	-324	-36	0	0	-400	0	-200
Total Cash From Financing Activities	54,364	-9,768	68,520	-28,407	7,633	-2,515	-22,201	4,314	-7,135	-19,078	-34,180	-23,164	-50,459	-181,162	-20,727	16,078	-26,951	28,978	15,236	32,199	-1,556	-32,378	37,752	50	-8,112	6,170	4,025	-15,277	-16,292	13,606	14,315	-63,512	16,720	67,597	-6,387	-32,571	39,591	-12,210	-1,737	-2,725	29,240	10,723	7,520	-1,110	2,933	-16,575	-25,648	-26,014	8,474	10,941	-12,803	6,602	-15,332	19,940	21,300	-17,335	18,903	8,432	20,690	-9,994	7,517	-36,356	57,145	-4,168	-13,148	-12,006	-7,022	8,656	-5,061	55,089	-8,499	208	134	-7,127	37,183	-13,285	-8,185	1,235	18,183	-21,150	18,025	-400	-19,940	-16,262	10,434	-19,962	-4,766	-29,039	-29,039	-6,240	-5,639	-3,425	-962	3,290	-9,832	1,303	31,788	15,252	-986	-11,592	7,082	-11,892	6,597	17,684	-16,618	-3,905	-9,000	11,000	-7,000	-40	10,868	-1,000	14,600	800	12,600	14,100
Total Cash From Operating Activities	31,868	40,605	5,120	7,248	38,161	44,166	37,487	39,416	4,980	34,115	24,507	9,616	38,083	855	27,618	-3,516	24,228	16,206	14,427	9,170	23,186	38,982	25,936	36,696	20,066	16,477	15,643	30,667	20,341	17,708	12,868	51,513	6,917	21,651	22,156	34,753	25,151	23,473	13,916	11,204	10,474	15,935	6,981	7,055	14,305	14,528	14,705	11,563	6,174	13,126	12,036	725	22,553	9,999	16,111	22,176	5,292	10,407	-804	16,003	31,932	10,181	-3,203	1,398	15,576	8,808	6,293	3,044	19,367	17,004	-2,701	26,994	11,728	3,921	-12,126	22,050	17,673	12,176	-3,434	17,698	-1,988	14,590	23,429	11,685	11,450	25,027	18,395	22,260	22,260	16,362	17,170	17,972	11,179	12,210	15,401	9,871	6,833	9,132	10,822	17,698	9,516	17,842	5,547	6,998	10,760	13,261	16,464	4,761	10,603	8,627	4,795	15,100	-1,000	7,600	100	2,400
Total Cashflows From Investing Activities	0	0	-120,407	7,078	-36,386	13,143	-17,967	-44,998	-21,965	2,185	9,849	9,931	9,931	126,914	20,581	-16,498	6,519	-34,212	-31,841	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0

Income Statement

Currency in USD. All numbers in thousands.

	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31	1996-12-31	1995-12-31	1994-12-31
Cost Of Revenue	989,470	1,030,873	898,722	729,011	780,343	741,017	612,098	573,426	593,364	606,024	601,639	585,418	332,916	66,517	38,850	137,033	398,133	368,934	354,555	344,417	297,135	265,765	329,905	322,509	242,770	165,295	121,366	85,898	41,800	32,300
Depreciation And Amortization	69,943	57,512	53,881	65,480	80,529	75,859	72,422	71,647	62,010	49,043	44,457	48,135	53,001	56,100	47,987	85,960	51,801	43,234	39,769	-45,001	-43,041	-49,497	-56,324	39,181	35,658	32,075	27,364	22,781	-16,800	-9,400
Discontinued Operations	0	750	2,540	-28,598	3,258	1,643	1,643	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Ebit	46,238	48,041	24,264	-56,700	-64,495	58,986	28,155	-36,200	10,342	-5,654	-21,310	-23,038	11,185	26,010	-4,443	-30,573	-405,409	-359,305	-337,489	-240,463	-182,832	-141,797	-282,389	-369,860	-249,340	-153,848	-101,734	-66,436	61,800	41,700
Ebitda	116,181	105,553	78,145	8,780	16,034	134,845	100,577	35,447	72,352	43,389	23,147	25,097	64,186	82,110	43,544	55,387	-353,608	-316,071	-297,720	-285,464	-225,873	-191,294	-338,713	-330,679	-213,682	-121,773	-74,371	-43,654	45,000	32,300
Effect Of Accounting Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Extraordinary Items	0	0	0	0	0	0	40,123	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Gross Profit	114,103	185,985	147,281	109,550	114,185	144,438	92,909	97,225	130,876	112,956	82,910	88,836	319,711	583,232	549,837	636,881	314,393	314,894	288,499	259,205	285,322	298,653	217,123	229,920	229,971	205,251	176,495	150,369	138,500	99,600
Income Before Tax	72,240	142,792	79,153	-16,924	11,941	58,010	23,297	27,221	63,907	32,582	12,747	12,400	-16,439	9,464	-30,048	-66,183	-22,306	3,201	13,674	11,828	26,471	20,579	-8,389	19,774	37,177	29,772	21,850	14,080	14,600	11,300
Income Tax Expense	17,611	34,860	20,962	-2,804	3,464	15,507	-32,142	10,386	21,822	14,774	7,503	6,335	-2,172	6,175	-5,018	-12,792	-5,580	4,582	8,003	8,452	14,315	11,415	-1,727	7,899	14,900	11,490	8,148	5,102	5,300	4,000
Interest Expense	7,967	3,083	2,791	6,841	11,110	8,708	8,258	8,226	8,445	10,807	10,400	12,697	16,208	16,566	14,184	10,373	12,285	7,153	4,203	3,098	0	0	0	0	0	0	0	0	0	0
Interest Income	0	0	0	0	4,093	976	4,858	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Income	55,229	108,682	60,731	-14,120	8,477	42,503	55,439	16,835	42,085	17,808	5,244	6,065	-14,267	3,289	-25,030	-53,391	-16,726	-1,381	5,186	3,376	12,156	8,274	-6,662	11,875	22,277	18,283	13,702	8,978	9,300	7,300
Net Income Applicable To Common Shares	0	108,682	60,731	-42,718	8,477	42,503	55,439	16,835	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Income From Continuing Ops	53,262	107,932	58,191	-14,120	8,477	42,503	55,439	16,835	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Interest Income	-6,357	-3,083	-2,791	-6,841	-11,110	-8,708	-8,258	-8,226	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Non Operating Income Net Other	0	0	14,782	3,944	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Non Recurring	0	0	-3,799	18,863	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Operating Income	46,238	48,041	24,264	-56,700	-64,495	58,986	28,155	32,447	67,782	39,646	20,394	23,209	-1,061	26,008	-4,722	-55,679	-10,681	9,629	17,066	13,952	28,221	24,974	-63	28,780	42,690	35,697	28,124	20,067	28,200	22,900
Other Items	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Operating Expenses	1,057,335	1,136,498	982,640	833,725	878,494	826,469	676,852	638,204	656,458	679,334	664,155	651,045	642,149	404,829	376,531	547,818	1,119,675	1,043,133	980,543	934,087	851,371	805,209	942,065	922,289	722,081	524,394	399,595	302,703	152,100	109,000
Preferred Stock And Other Adjustments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Reconciled Depreciation	67,479	57,512	53,881	65,480	80,529	75,859	72,422	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Research Development	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Selling And Marketing Expenses	50,099	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Selling General Administrative	104,555	93,694	73,019	93,093	85,127	73,621	54,876	53,066	52,078	62,350	51,547	54,584	262,959	275,415	277,446	334,472	293,812	283,690	17,778	15,104	14,495	14,677	79,537	100,766	74,051	43,647	24,769	13,430	98,200	70,800
Tax Provision	16,431	34,860	20,962	-2,804	3,464	15,507	-32,142	10,386	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Operating Expenses	67,865	105,625	83,918	104,714	98,151	85,452	64,754	64,778	63,094	73,310	62,516	65,627	309,233	338,312	337,681	410,785	721,542	674,199	625,988	589,670	554,236	539,444	612,160	599,780	479,311	359,099	278,229	216,805	110,300	76,700
Total Other Income Expense Net	26,002	94,751	54,889	39,776	76,436	7,732	3,400	3,000	4,570	3,730	2,753	1,888	-10,741	20	-11,286	-25,237	-1,665	-6,428	-3,392	-2,124	-1,750	-4,395	-8,326	-9,006	-5,513	-5,924	-6,273	-5,987	-13,600	-11,600
Total Revenue	1,103,573	1,216,858	1,046,003	838,561	894,528	885,455	705,007	670,651	724,240	718,980	684,549	674,254	652,627	649,749	588,687	773,914	712,526	683,828	643,054	603,622	582,457	564,418	547,028	552,429	472,741	370,546	297,861	236,267	180,300	131,900

	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2005-09-30	2005-06-30	2005-03-31	2004-12-31	2004-09-30	2004-06-30	2004-03-31	2003-12-31	2003-09-30	2003-06-30	2003-03-31	2002-12-31	2002-09-30	2002-06-30	2002-03-31	2001-12-31	2001-09-30	2001-06-30	2001-03-31	2000-12-31	2000-09-30	2000-06-30	2000-03-31	1999-12-31	1999-09-30	1999-06-30	1999-03-31	1998-12-31	1998-09-30	1998-06-30	1998-03-31	1997-12-31	1997-09-30	1997-06-30	1997-03-31	1996-12-31	1996-09-30	1996-06-30	1996-03-31	1995-12-31	1995-09-30	1995-06-30	1995-03-31
Cost Of Revenue	244,141	244,699	235,870	227,950	257,173	262,776	265,041	245,882	254,156	234,655	218,461	191,450	193,877	180,817	169,518	183,640	203,736	198,148	187,573	190,888	226,468	202,869	161,643	149,916	171,219	154,069	145,185	141,627	159,004	142,926	136,764	134,733	165,061	145,735	144,034	138,534	162,706	148,310	148,502	146,506	152,038	150,049	150,210	148,988	154,437	87,330	85,686	79,540	115,352	72,455	86,737	29,487	20,008	15,889	15,353	15,267	12,322	12,003	6,518	8,004	7,452	37,457	54,136	110,560	64,735	111,125	107,402	83,559	34,162	119,024	113,632	83,133	41,617	114,474	103,568	90,746	53,913	98,326	97,981	94,198	17,496	95,674	94,589	89,377	15,464	85,022	85,034	85,864	85,864	83,750	83,433	76,859	83,993	82,290	80,580	75,649	78,015	61,735	56,247	46,775	48,264	41,191	38,611	37,137	41,488	28,834	26,098	24,944	24,120	21,908	21,132	12,700	1,200	14,500	14,100	11,000
Depreciation And Amortization	18,242	18,182	18,944	14,575	15,778	14,357	13,932	13,445	12,565	13,365	13,864	14,087	14,199	13,428	19,666	18,187	19,279	20,824	20,575	19,851	19,489	19,541	18,215	18,614	17,933	17,221	18,602	18,666	19,505	18,907	16,601	16,634	18,269	14,768	14,467	14,506	12,633	11,440	12,362	12,608	12,129	10,752	9,955	11,621	12,101	11,647	11,181	9,364	13,511	12,722	12,426	14,342	14,435	14,467	13,942	13,256	13,714	12,406	10,977	10,890	50,838	12,410	11,178	11,534	11,992	12,725	14,691	12,393	13,288	9,732	10,054	10,160	8,762	10,940	10,553	9,514	-76,060	10,028	10,186	10,845	-11,833	-52,634	32,026	-10,600	-12,031	-62,059	38,651	-85,841	26,807	10,348	10,119	9,050	8,403	8,811	11,281	10,686	60,910	-8,721	-8,560	-7,971	54,012	-7,902	-7,262	-6,773	46,860	-6,807	-6,333	-6,356	38,752	-5,421	-5,350	-5,200	-4,800	-4,400	-4,200	-3,400
Discontinued Operations	0	0	0	150	225	525	525	525	525	0	-19	2,559	-33,114	2,788	825	871	871	871	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Ebit	14,062	1,692	-3,767	-791	-1,978	13,381	19,618	17,020	10,766	9,077	5,962	-1,541	-2,319	-7,514	-5,302	-18,214	-15,584	-22,755	-11,731	-14,425	2,826	-3,360	-4,150	-12,189	-3,091	-8,180	-14,640	-17,457	-6,689	-13,011	-8,135	-8,366	6,917	861	5,642	-3,078	13,221	-4,973	-2,452	-11,450	-2,682	-3,719	-3,053	-11,856	-6,308	4,259	11,484	2,602	1,359	2,135	4,189	323	5,979	8,172	10,042	1,818	-581	1,871	-590	-4,968	-20,375	-249	525	-120,154	-12,714	-127,469	-115,144	-85,962	15,939	-131,966	-126,137	-82,783	13,953	-125,887	-115,575	-105,681	81,762	-103,977	-107,354	-109,704	64,956	-43,197	-103,702	-79,481	60,745	-17,402	-92,326	1,908	-110,740	-95,370	-97,265	-91,122	-95,105	-92,189	-92,675	-88,681	-196,891	-2,339	400	-7	-130,392	8,850	7,082	4,671	-101,610	13,396	13,530	11,945	-71,807	14,312	13,713	15,600	17,500	16,300	14,800	13,000
Ebitda	32,304	19,874	15,177	13,784	13,800	27,738	33,550	30,465	23,331	22,442	19,826	12,546	11,880	5,914	14,364	-27	3,695	-1,931	8,844	5,426	22,315	16,181	14,065	6,425	14,842	9,041	3,962	1,209	12,816	5,896	8,466	8,268	25,186	15,629	20,109	11,428	25,854	6,467	9,910	1,158	9,447	7,033	6,902	-235	5,793	15,906	22,665	11,966	14,870	14,857	16,615	14,665	20,414	22,639	23,984	15,074	13,133	14,277	10,387	5,922	30,463	12,161	11,703	-108,620	-722	-114,744	-100,453	-73,569	29,227	-122,234	-116,083	-72,623	22,715	-114,947	-105,022	-96,167	5,702	-93,949	-97,168	-98,859	53,123	-95,831	-71,676	-90,081	48,714	-79,461	-53,675	-83,933	-83,933	-85,022	-87,146	-82,072	-86,702	-83,378	-81,394	-77,995	-135,981	-11,060	-8,160	-7,978	-76,380	948	-180	-2,102	-54,751	6,589	7,197	5,589	-33,054	8,891	8,363	10,400	12,700	11,900	10,600	9,600
Effect Of Accounting Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Extraordinary Items	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Gross Profit	29,844	44,022	38,146	38,901	38,884	49,063	52,336	45,703	40,072	39,906	37,863	29,439	31,351	30,013	22,171	29,913	29,399	24,766	31,725	28,293	45,800	40,434	34,675	23,650	32,087	24,562	19,141	17,117	31,974	21,574	22,068	21,608	43,001	27,777	31,417	28,682	44,082	29,271	25,152	14,451	24,450	20,794	22,278	15,743	23,058	81,097	85,615	77,491	46,601	88,963	86,128	126,904	143,939	148,923	153,626	136,744	145,458	141,045	137,564	125,772	163,518	175,088	154,590	71,114	128,167	64,662	70,043	82,833	152,119	57,637	55,730	68,392	136,802	55,421	53,245	47,180	110,260	53,609	51,866	43,469	134,661	50,809	51,353	48,498	131,200	56,201	59,278	50,095	50,095	54,307	58,250	54,470	60,890	59,377	58,818	50,832	63,647	58,369	56,964	50,989	57,882	54,375	50,399	42,687	48,417	46,474	43,962	37,644	40,041	41,115	38,494	36,800	48,900	32,600	30,500	27,400
Income Before Tax	16,555	17,839	15,040	22,806	14,008	65,524	33,183	30,077	22,831	22,589	21,006	12,726	11,615	6,052	-30,504	-2,919	174	-2,785	8,536	6,015	22,292	15,863	13,899	5,955	13,625	7,617	2,801	153	10,800	3,937	6,511	5,973	22,703	13,588	18,392	9,224	23,155	3,832	7,188	-1,593	6,684	4,647	4,285	-2,868	3,024	2,148	8,134	-905	-2,687	-13,465	3,458	-3,745	1,834	3,972	5,747	-2,089	-4,988	-13,264	-3,858	-7,939	-47,984	-4,086	-2,356	-11,756	2,098	-4,922	-13,903	-5,579	-174	1,937	2,022	-584	8,814	2,763	2,155	-58	-8,509	9,248	8,649	2,441	8,496	8,242	6,817	2,916	7,083	7,192	6,270	-11,876	-11,876	2,225	893	369	6,430	5,131	4,829	3,384	10,672	11,188	9,887	5,430	9,185	8,910	7,359	4,319	6,791	6,504	5,641	2,914	3,540	5,186	4,600	800	4,000	4,100	3,300	3,300
Income Tax Expense	3,910	4,483	2,897	6,321	2,729	15,563	8,657	7,910	5,099	6,147	5,570	4,145	4,166	1,339	-7,336	-706	-988	404	2,465	1,582	5,791	4,249	3,928	1,538	-35,673	2,985	1,253	-317	4,818	1,068	2,879	2,176	9,473	5,961	7,391	-1,003	9,610	1,975	3,408	-219	3,345	2,674	2,394	-909	1,571	1,146	3,883	-265	-442	-2,252	1,803	-1,281	1,142	2,088	2,858	87	-2,247	336	-712	-2,396	-8,179	-670	-7	-3,935	1,922	-1,347	-2,646	-3,509	720	1,142	2,420	300	4,363	1,546	1,503	591	-2,032	4,503	4,261	1,720	4,392	4,192	3,653	2,077	3,733	3,581	3,288	-3,586	-3,586	1,380	339	140	2,565	2,053	1,929	1,351	4,278	4,486	3,955	2,181	3,583	3,463	2,799	1,645	2,578	2,406	2,088	1,076	1,286	1,868	1,676	300	1,500	1,500	1,200	1,200
Interest Expense	2,437	2,637	2,124	769	827	935	766	555	616	724	708	743	924	1,935	2,084	2,892	11,110	2,992	2,683	2,446	8,708	2,460	1,941	1,960	8,258	2,174	1,961	2,081	2,016	1,959	1,955	2,295	2,483	2,041	1,717	2,204	2,699	2,635	2,722	2,751	2,763	2,386	2,617	2,633	2,769	3,056	3,355	3,518	4,085	4,102	3,926	4,096	4,183	4,140	4,290	3,954	4,400	3,593	3,315	2,876	2,978	2,914	2,198	2,282	12,285	2,917	2,975	3,032	7,153	1,752	1,075	1,124	4,203	1,290	1,038	614	3,098	1,116	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	3,627	3,520	854	308	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Income	12,795	13,506	12,293	16,635	11,503	50,486	24,526	22,167	17,732	16,442	15,417	11,140	-25,665	7,501	-22,343	-2,213	1,162	-3,189	6,071	4,433	16,501	11,614	9,971	4,417	49,298	4,632	1,548	470	5,982	2,869	3,632	3,797	13,230	7,627	11,001	10,227	13,545	1,857	3,780	-1,374	3,339	1,973	1,891	-1,959	1,453	1,002	4,251	-640	-2,245	-11,213	1,655	-2,464	692	1,884	2,889	-2,176	-2,741	-13,600	-3,146	-5,543	-39,805	-3,416	-2,349	-7,821	176	-3,575	-11,257	-2,070	-894	795	-398	-884	3,966	1,217	652	-649	-6,477	4,745	4,388	721	4,104	4,050	3,164	839	3,350	3,611	2,982	-8,290	-8,290	845	554	229	3,865	3,078	2,900	2,033	6,394	6,702	5,932	3,249	5,603	5,447	4,560	2,674	4,213	4,098	3,553	1,838	2,254	3,318	2,924	500	2,500	2,600	2,100	2,100
Net Income Applicable To Common Shares	0	0	12,293	16,635	11,503	50,486	24,526	22,167	17,732	16,442	15,417	11,140	-25,665	7,501	-22,343	-2,213	1,162	-3,189	6,071	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Income From Continuing Ops	12,645	13,356	12,143	16,485	11,279	49,961	24,526	22,167	17,732	16,442	15,436	8,581	7,449	4,713	-23,168	-2,213	1,162	-3,189	6,071	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Interest Income	-2,437	-2,637	-2,124	-769	-827	-935	-766	-555	-616	-724	-708	-743	-924	-1,935	-2,084	-2,892	-2,989	-2,992	-2,683	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Non Operating Income Net Other	0	0	5,381	5,943	0	7,400	7,076	6,785	5,210	3,230	3,382	2,973	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Non Recurring	0	0	-1,987	-9,791	0	-38,721	-399	-167	-117	-871	-1,888	-2,182	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Operating Income	14,062	15,141	11,783	-791	-1,978	13,381	19,618	17,020	18,237	20,083	18,332	10,509	9,566	6,811	-28,950	708	3,695	-1,931	8,844	5,426	22,315	16,181	14,065	6,425	14,842	9,041	3,962	1,209	12,266	5,446	7,316	7,418	24,336	14,629	18,774	10,043	24,650	5,586	9,056	354	8,877	5,882	6,350	-715	5,149	4,645	11,059	2,357	1,159	-9,754	7,234	45,635	5,978	8,172	10,042	1,816	-770	1,829	-637	-5,145	-45,109	-720	-256	-9,594	5,303	-2,168	-11,072	-2,744	2,807	3,520	2,953	350	9,898	3,850	3,042	276	-8,072	10,242	8,725	3,058	8,772	8,486	7,449	3,514	7,779	8,780	7,563	-10,729	-110,740	4,947	3,067	2,652	8,392	7,435	7,265	5,687	-196,891	-19,781	-16,720	-15,949	-130,392	-6,953	-7,442	-8,875	-101,610	-218	864	-767	-71,807	3,470	2,952	5,200	7,900	7,300	6,600	6,200
Other Items	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Operating Expenses	259,923	274,182	264,220	259,010	286,188	291,501	290,903	267,905	276,107	255,349	239,880	211,303	216,321	206,092	197,521	212,845	229,440	224,845	210,454	213,755	249,953	227,122	182,253	167,141	188,464	169,590	160,364	157,535	178,712	159,054	151,516	148,923	183,726	158,883	156,677	157,173	182,138	171,995	164,598	160,603	167,611	164,961	166,138	165,446	172,346	163,782	160,242	154,674	160,794	159,633	165,631	110,756	105,799	100,200	101,873	96,957	100,716	95,637	89,899	90,277	123,232	139,475	150,474	301,828	205,616	304,486	294,254	252,695	171,038	308,627	295,499	234,308	164,466	295,782	272,388	243,756	172,413	256,612	257,692	247,371	110,867	252,305	249,644	238,556	109,981	232,176	236,638	246,699	246,699	233,544	239,372	222,451	239,988	235,070	232,073	215,162	338,553	139,885	129,931	113,713	236,538	102,519	96,452	88,699	191,515	75,526	69,196	63,355	135,968	59,553	56,674	44,300	42,200	39,800	38,000	32,200
Preferred Stock And Other Adjustments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Reconciled Depreciation	18,242	18,182	18,944	14,575	15,778	14,357	13,932	13,445	12,565	13,365	13,864	14,087	14,199	13,428	19,666	18,187	19,279	20,824	20,575	19,851	19,489	19,541	18,215	18,614	17,933	17,221	18,602	18,666	19,505	18,907	16,601	16,634	18,269	14,768	14,467	14,506	12,633	11,440	12,362	12,608	12,129	10,752	9,955	11,621	12,101	11,647	12,061	12,326	13,511	12,722	12,426	14,342	14,435	14,467	13,942	13,256	13,714	12,406	10,977	10,890	50,838	12,410	11,178	11,534	11,992	12,725	14,691	12,393	13,288	9,732	10,054	10,160	8,762	10,940	10,553	9,514	-76,060	10,028	10,186	10,845	-11,833	-52,634	32,026	-10,600	-12,031	38,651	10,348	-14,058	26,807	10,465	10,119	9,050	8,403	8,811	11,281	10,686	60,910	-8,721	-8,560	-7,971	54,012	-7,902	-7,262	-6,773	46,860	-6,807	-6,333	-6,356	38,752	-5,421	-5,350	-5,200	-4,800	-4,400	-4,200	-3,400
Research Development	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Selling And Marketing Expenses	13,289	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Selling General Administrative	25,823	26,102	25,033	27,597	25,802	25,487	23,122	19,283	19,284	18,007	18,459	17,268	20,378	22,296	24,880	25,751	22,399	23,527	19,516	19,684	20,303	20,876	17,997	14,565	14,564	13,157	13,082	13,173	16,400	13,313	11,871	11,482	15,811	10,269	10,021	15,978	16,513	20,952	13,534	11,352	12,819	12,132	13,266	13,685	15,163	65,746	63,375	65,770	65,182	63,831	69,648	65,635	69,965	68,523	70,148	66,779	70,987	68,680	69,583	68,197	84,963	86,082	81,055	72,645	229,773	21,207	5,838	5,682	221,373	22,137	21,198	4,304	41,117	20,022	19,363	19,510	71,935	27,672	22,113	22,061	46,045	22,161	20,388	17,991	40,418	18,290	18,492	11,962	11,962	22,099	23,362	22,113	20,259	26,790	27,559	26,158	109,629	65,790	62,098	55,792	98,066	51,314	47,639	42,668	77,594	37,747	34,717	29,898	70,939	30,622	28,635	27,900	0	21,800	21,100	18,900
Tax Provision	3,910	4,483	2,897	6,321	2,729	15,563	8,657	7,910	5,099	6,147	5,570	4,145	4,166	1,339	-7,336	-706	-987	404	2,465	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Operating Expenses	15,782	29,483	28,350	31,060	29,015	28,725	25,862	22,023	21,951	20,694	21,419	19,853	22,444	25,275	28,003	29,205	25,704	26,697	22,881	22,867	23,485	24,253	20,610	17,225	17,245	15,521	15,179	15,908	19,708	16,128	14,752	14,190	18,665	13,148	12,643	18,639	19,432	23,685	16,096	14,097	15,573	14,912	15,928	16,458	17,909	76,452	74,556	75,134	45,442	87,178	78,894	81,269	85,791	84,311	86,520	81,690	88,394	83,634	83,381	82,273	115,780	102,018	96,338	191,268	140,881	193,361	186,852	169,136	136,876	189,603	181,867	151,175	122,849	181,308	168,820	153,010	118,500	158,286	159,711	153,173	93,371	156,631	155,055	149,179	94,517	147,154	151,604	160,835	160,835	149,794	155,939	145,592	155,995	152,780	151,493	139,513	260,538	78,150	73,684	66,938	188,274	61,328	57,841	51,562	150,027	46,692	43,098	38,411	111,848	37,645	35,542	31,600	41,000	25,300	23,900	21,200
Total Other Income Expense Net	2,493	5,937	7,368	23,597	15,986	52,143	13,565	13,057	5,326	4,101	5,270	3,883	3,632	3,249	-22,588	-735	-531	2,138	2,375	3,035	2,325	2,142	1,775	1,490	825	750	800	1,025	550	450	1,150	850	850	1,000	1,335	1,385	1,200	880	850	800	570	1,150	550	480	644	559	430	256	239	-11,148	140	28	38	-60	-5	47	178	-11,542	47	31	-24,631	-670	31	-2,162	-3,205	-2,754	-1,665	-2,835	-2,981	-1,583	-931	-934	-1,084	-1,087	-887	-334	-437	-994	-76	-617	-276	-244	-632	-598	-696	-1,588	-1,293	-1,147	0	-2,722	-2,174	-2,283	-1,962	-2,304	-2,436	-2,303	207,563	30,969	26,607	21,379	139,578	15,863	14,801	13,194	108,402	6,722	4,777	3,681	75,347	1,716	1,648	-4,400	-3,900	-3,200	-3,300	-2,900
Total Revenue	273,985	288,721	274,016	266,851	296,057	311,839	317,377	291,585	294,228	274,561	256,324	220,889	225,228	210,830	191,689	213,553	233,135	222,914	219,298	219,181	272,268	243,303	196,318	173,566	203,306	178,631	164,326	158,744	190,978	164,500	158,832	156,341	208,062	173,512	175,451	167,216	206,788	177,581	173,654	160,957	176,488	170,843	172,488	164,731	177,495	168,427	171,301	157,031	161,953	161,418	172,865	156,391	163,947	164,812	168,979	152,011	157,780	153,048	144,082	133,776	170,970	212,545	208,726	181,674	192,902	175,787	177,445	166,392	186,281	176,661	169,362	151,525	178,419	169,895	156,813	137,926	164,173	151,935	149,847	137,667	152,157	146,483	145,942	137,875	146,664	141,223	144,312	135,959	135,959	138,057	141,683	131,329	144,883	141,667	139,398	126,481	141,662	120,104	113,211	97,764	106,146	95,566	89,010	79,824	89,905	75,308	70,060	62,588	64,161	63,023	59,626	49,500	50,100	47,100	44,600	38,400

Latest Income Statement (annual, 2023-12-31)

Gross Profit (+$)
totalRevenue	1,103,573
Cost of Revenue	-989,470
Gross Profit	114,103	114,103

Operating Income (+$)
Gross Profit	114,103
Operating Expense	-67,865
Operating Income	46,238	46,238

Operating Expense (+$)
Research Development	0
Selling General Administrative	104,555
Selling And Marketing Expenses	50,099
Operating Expense	67,865	154,654

Net Interest Income (+$)
Interest Income	0
Interest Expense	-7,967
Other Finance Cost	-1,610
Net Interest Income	-6,357

Pretax Income (+$)
Operating Income	46,238
Net Interest Income	-6,357
Other Non-Operating Income Expenses	0
Income Before Tax (EBT)	72,240	20,236 EBIT - interestExpense = 38,271 72,840 63,196
Interest Expense	7,967
Earnings Before Interest and Taxes (EBIT)	46,238	80,207
Earnings Before Interest and Taxes (EBITDA)	116,181

After tax Income (+$)
Income Before Tax	72,240
Tax Provision	-16,431
Net Income From Continuing Ops	53,262	55,809
Net Income	55,229
Net Income Applicable To Common Shares	0

Non-recurring Events
Discontinued Operations	0
Extraordinary Items	0
Effect of Accounting Charges	0
Other Items	0
Non Recurring	0
Other Operating Expenses	1,057,335
Total Other Income/Expenses Net	26,002	6,357

Technical Analysis of Covenant Logistics Group Inc
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Covenant Logistics Group Inc. The general trend of Covenant Logistics Group Inc is BEARISH with 42.9% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Covenant Logistics Group Inc's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitions	Bullish trend (-42.9%)		Bearish trend (42.9%)
Overbought to neutral	Bullish pullback	=	Bearish reversal
Upper to lower neutral	Bullish correction	=	Bearish continuation
Nuetral to oversold	Oversold	=	Oversold
Oversold to neutral	Bullish reversal	=	Bearish correction
Lower to upper neutral	Bullish continuation	=	Bearish pullback
Nuetral to overbought	Overbought	=	Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.

Score

Let's take a look at the Support & Resistance of Covenant Logistics Group Inc.

The long score for the Support & Resistance is 1/1.
The longshort score for the Support & Resistance is 1/(-1 +1).

Around support: The price is currently trading around a support level. This can be considered as a potential entry level. +1

The bullish price targets are: 46.74 < 46.95 < 48.64.

The bearish price targets are: 43.10 > 43.07 > 42.42.

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Covenant Logistics Group Inc Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

Moving averages are lagging trend indicators.
There are many types of moving averages.
Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of Covenant Logistics Group Inc. The current mas is .

The long score for the Moving Averages is 4/14.
The longshort score for the Moving Averages is -6/(-14 +14).

MA 20 trending down: The MA 20 is trending down. -1
Close < MA 20: The price is below the MA 20. -1
MA 20 < MA 50: The MA 20 is lower than the MA 50. -1
MA 20 < MA 100: The MA 20 is lower than the MA 100. -1
MA 20 < MA 200: The MA 20 is lower than the MA 200. -1
MA 50 trending down: The MA 50 is trending down. -1
Close < MA 50: The price is below the MA 50. -1
MA 50 > MA 100: The MA 50 is higher than the MA 100. +1
MA 50 > MA 200: The MA 50 is higher than the MA 200. +1
MA 100 trending up: The MA 100 is trending up. +1
Close < MA 100: The price is below the MA 100. -1
MA 100 > MA 200: The MA 100 is higher than the MA 200. +1
MA 200 trending down: The MA 200 is trending down. -1
Close < MA 200: The price is below the MA 200. -1

Directionalities and relatives.

Moving Average	Amount of candles	vs. MA 50	vs. MA 100	vs. MA 200
MA 20	20
MA 50	50	-
MA 100	100	-	-
MA 200	200	-	-	-

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Shows the moving average of the selected period.

There are four types of indicators:

Trend indicators
Momentum indicators
Volatility indicators
Volume indicators

There are various kinds of moving averages:

Simple moving average (SMA);
Exponential moving average (EMA);
Smoothed moving average (SMMA);
Linear weighted moving average (LWMA).

The moving average looks at a certain period of time and it calculates the price average. The various types of averages are using various formulas. Don’t worry, you don’t have to memorize any formula. All moving averages are calculated automatically by basically every charting software you use. But it’s good to know how moving averages are actually calculated.

Simple moving average

SMA is calculated by summing up the price closures of the selected period. The price is then divided by the selected period. For example, when using the 21 day moving average you sum up all the closing prices for each day and divide that by 21. The result is a line on the chart representing the average. Because it’s an average in the selected timeframe, the trend is always lagging. An moving average looks like this on the chart:

Source: Tradingview.com

In this case, the blue line represents a 21 day moving average. Because the average is based on results from the past, the indicator will always lag behind. For example, when price would suddenly go up, the moving average won't immediately follow.

All other moving averages discussed below look the same on the chart. The only difference is that the line will move in different directions based on the maths behind the used indicators and the amount of days used to determine the average.

Exponential moving average

The EMA gives more weight to the latest closing prices by giving them more value in the equation. EMA is calculated by adding a certain percentage to the latest closing prices:

EMA = (CLOSE (i) * P) + (EMA (i - 1) * (1 - P))

Where:

CLOSE (i) = current period close price.
EMA (i - 1) = value of the Moving Average of a preceding period.
P = the percentage of using the price value.

Smoothed moving average

A smoothed moving average is an exponential moving average with a long lookback period. Older prices are reduced in weight but are never left out in the calculation. Unlike SMA and EMA where prices are removed when they are beyond the selected period. SMMA is a combination of the SMA and EMA. The main advantage is that it smooths out fluctuations in price.

Linear weighted moving average

The LWMA gives the latest price the highest weight and then lineary scales down with each price before that. The result is that the LWMA reacts quicker to changes in price than the SMA or EMA. The formula:

LWMA = ((Pn∗W1)+(Pn−1∗W2)+(Pn−2∗W3)...) / ∑W

Where:

P = Price for the period.
n = The most recent period, n-1 is the prior period, and n-2 is two periods prior.
W = The assigned weight to each period, with the highest weight going first and then descending linearly based on the number of periods being used.

Moving averages are widely used by many traders. Which moving average you need depends on your trading strategy. Common practise is using a combination of multiple periods. For example, the EMA21, EMA50, EMA100 and EMA200. How does that look on a chart:

Source: Tradingview.com

The lowest (purple) line on the chart represents the EMA200 then following up the EMA100, EMA50 and EMA21.

You can use moving averages to determine a trend. The 200 moving average is mostly used as a baseline for determining the current trend:

When the 200 moving average is moving up it is considered a bullish trend.
When the 200 moving average is down it is considered a bearish trend.
When moving averages are flatlined, there is no clear trend so you should look for market structure, consolidation or trend reversals. Depending on how you want to trade.

This is not set in stone. Most trading strategies use multiple moving averages each with different settings. While one strategy might use the EMA20, the other uses the SMA21. There can be hundreds of different variations. Moving averages can also be used as support and resistance. More often than not, prices will bounce on moving averages.

Covenant Logistics Group Inc Daily Moving Averages Chart

2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

MACD is a lagging momentum indicator.
Uses two moving averages.
Can show buy or sell signals based on momentum.
Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of Covenant Logistics Group Inc. The current macd is -0.64304457.

The long score for the Moving Average Convergence/Divergence (MACD) is 1/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is -2/(-4 +4).

MACD line < signal line: The MACD line is below the signal line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Covenant Logistics Group Inc price going down in the near term. -2
MACD < 0: The MACD is below the zero line (centerline), it indicates a bearish signal for Covenant Logistics Group Inc. This means that the short-term moving average is lower than the long-term moving average, signaling negative momentum and suggesting a higher likelihood of the Covenant Logistics Group Inc price continuing to fall in the near future. It indicates that sellers are gaining control, and there is negativism in the market, leading to potential price decreases. -1
Trending up: The MACD line is trending up. This indicates that the short-term moving average is rising faster than the long-term moving average, suggesting positive momentum in the market. This signals that buyers are becoming more active and confident, leading to potential price increases as traders anticipate further gains and are willing to buy at higher prices. +1

Covenant Logistics Group Inc Daily Moving Average Convergence/Divergence (MACD) Chart

2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.

Score

Let's take a look at the Directional Movement Index (DMI) of Covenant Logistics Group Inc. The current adx is 16.57.

The long score for the Directional Movement Index (DMI) is 0/7.
The longshort score for the Directional Movement Index (DMI) is -2/(-7 +7).

PLUS_ID < MINUS_DI: The +DI line is below the -DI line. This indicates a bearish signal in the market, as the negative directional movement is currently stronger than the positive directional movement, showing that sellers have the upper hand. Market psychology suggests that traders are pessimistic, expecting further price decreases, and are more willing to sell Covenant Logistics Group Inc shares, leading to potential downward momentum in its price. -1
PLUS_ID < MINUS_DI && ADX < 25 && ADX trending up: The ADX is below 25 and indicates a weak or no trend. However, the ADX is rising and a new bearish trend could be forming. -1

Covenant Logistics Group Inc Daily Directional Movement Index (DMI) Chart

2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

Parabolic SAR (stop and reverse) is a lagging trend indicator.
Shows the current trend.
Shows potential entry signals.
Shows potential exit signals.
Can be used to place trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of Covenant Logistics Group Inc. The current sar is 45.05.

The long score for the Parabolic SAR is 0/1.
The longshort score for the Parabolic SAR is -1/(-1 +1).

Close < SAR: The price is below the SAR. It's generally considered a bearish signal. -1

Covenant Logistics Group Inc Daily Parabolic SAR Chart

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

Leading momentum indicator, meaning the signals are instant.
Ranges between 0 and 100.
Above 70 is considered overbought.
Below 30 is considered oversold.
Above or below 50 can also be used to determine price trend or support and resistance.
RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of Covenant Logistics Group Inc. The current rsi is 42.26. The current phase is Continuation in bear market.

The long score for the Relative Strength Index (RSI) is 0/13.
The longshort score for the Relative Strength Index (RSI) is -4/(-13 +13).

Continuation in bear market: Downtrend continues after a consolidation or pullback. Hold or add to short positions.
Trending down: The RSI is trending down. -1

Measures the speed and change of price movements.

There are four types of indicators:

Trend indicators
Momentum indicators
Volatility indicators
Volume indicators

The RSI measures the magnitude of recent price changes to determine if the asset is overbought or oversold.

Overbought (RSI above 70) means that the trading price is above its intrinsic value. This might indicate a sell or short signal.
Oversold (RSI below 30) means that the trading price is below its intrinsic value. This might indicate a buy or long signal.
RSI levels above or below 50 can also be used to determine a trend.
RSI divergence looks at a deviation between RSI and price movement.
Can be used in many different ways.

Original usage

Keep in mind that almost every indicator can be used in different ways. Even beyond the orginal settings. The relative strength index was developed by J. Welles Wilder. Wilder recommended a smoothing period of 14 days. That means a 14 day moving average (read more about this setting below). Another quote from the wikipedia page:

Wilders also considers the RSI 50 line as both support and resistance. I recommend to always read the original settings first before using an indicator. Many traders and websites are using their own version of the indicator which might be confusing.

How you can use RSI (Divergence)

First and foremost, there is no real right or wrong usage of the RSI indicator. You can use it in any way you want. Wilder recommends using a 14 day average but you can make it 50 or 100 if you like. Just keep in mind that using an indicator is just part of a larger trading plan. In other words, it’s not recommended to do any trading or investing based on a single indicator like the RSI.

The RSI is measured on a scale between 0 and 100. From 30 till 0 is considered oversold. and from 70 -100 is overbought. The RSI is a leading indicator, meaning the signals are instant.

I like to use the RSI as a trend\momentum indicator and not as an overbought or oversold indicator. I use the middle (50) as the baseline. When prices go above RSI 50 the trend is bullish and can indicate long positions. When below 50 it is considered bearish and can indicate short positions. Other traders use the 70 and 30 levels as overbought/oversold depending on the used strategy. The RSI indicator looks like this:

Source: Tradingview.com

The general concensus is that an RSI above 70 indicates that the security is overbought. In other words, the price this security is trading for is to high and should come down. So if RSI hits 70 or above this might indicate a sell signal or taking a short position (expecting the price will go down). Although RSI above 70 indicates the security is trading above it's fair value, that does not mean the price will go down.

Use tradingview to add indicators

I highly recommend using tradingview to add indicators to a chart. It has all the indicators you can think off and can add them for free (up to three indicators) to any chart you want. You can see that the levels 30 and 70 are marked with a dotted line. If you want you can remove these lines or give it another colour using Tradingview. You can also adjust the moving average used. You can also find RSI indicators made by the community that include other settings like RSI divergences.

Tradingview

Use Tradingview to (back)test your strategies and add hundreds of indicators created by the community.

View tool on Tradingview.com

RSI divergence

RSI is not only used to determine momentum but can also spot reversals or continuations of the trend. A reversal means that the trend is going in the opposite direction. From bullish to bearish or from bearish to bullish. These reversals can be spotted by looking at the price and the direction of the RSI. When the price is going up but the RSI is going down that means there is a divergence. This is also the case when RSI goes up but price is going down.

There are four types of divergences:

Regular bullish divergence
Regular bearish divergence
Hidden bullish divergence
Hidden bearish divergence

Regular bullish divergence

With a regular bullish divergence, the price is making lower highs but the oscillator (in this case the RSI) is making higher lows. A regular bullish divergence might indicate the end of the current trend. You’ll see regular bullish divergences mostly at the end of a downtrend. But that does not mean that every regular bullish divergence is a trend reversal.

Price is making lower highs
RSI is making higher lows
Indicating bullish reversal (price might go up)

Source: Tradingview.com

Regular bearish divergence

With a regular bearish divergence the price is making higher highs but the oscillator (in this case the RSI) is making lower highs. This might indicate the end of an uptrend.

Price is making higher highs
RSI is making lower highs
Indicating bearish reversal

Source: Tradingview.com

Hidden bullish divergence

With a hidden bullish divergence, the price is making a higher low while the RSI is making a lower low. This might indicate bullish trend continuation.

Price is making higher lows
RSI is making lower lows
Indicating bullish continuation

Source: Tradingview.com

As you have noticed, you can have multiple divergences in a row.

Hidden bearish divergence

With a hidden bearish divergence, price is making lower highs but RSI is making higher highs. This might indicate bearish trend continuation.

Price is making lower highs
RSI making higher highs
Indicating bearish continuation

Source: Tradingview.com

You can find many cheatsheets of RSI divergences online. Search for "RSI divergence overview" and you'll find a lot of examples. You can print these to learn the various types of divergences.

Covenant Logistics Group Inc Daily Relative Strength Index (RSI) Chart

3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

Leading momentum indicator, meaning the signals are instant.
Used to determine overbought and oversold areas much like the RSI.
Ranges between 0 and 100.
Above 80 is considered overbought.
Below 20 is considered oversold.
Consists of two lines named K and D.
K compares the highest high and lowest low on the selected price range.
The D line is a moving average of the K line.
Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of Covenant Logistics Group Inc. The current phase is Continuation in bear market.

The long score for the Stochastic Oscillator is 3/6.
The longshort score for the Stochastic Oscillator is 2/(-6 +6).

STOCH < 50: The STOCH %K is below 50. There are more sellers than buyers. -1
STOCH %K line > STOCH %D line: The STOCH %K line is above the STOCH %D line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Covenant Logistics Group Inc price going up in the near term. +2
Trending up: The STOCH %K is trending up. +1

Covenant Logistics Group Inc Daily Stochastic Oscillator Chart

3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

Lagging or leading Momentum indicator
When the CCI is above zero, the price is above the historical average
When the CCI is below zero, the price is below the historical average
Used for spotting trends
- If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
- If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of Covenant Logistics Group Inc. The current cci is -118.22932451.

The long score for the Commodity Channel Index (CCI) is 0/1.
The longshort score for the Commodity Channel Index (CCI) is -1/(-1 +1).

CCI < -100: The CCI is below -100, it indicates that the price is significantly below its average, suggesting a potential oversold condition. -1

Covenant Logistics Group Inc Daily Commodity Channel Index (CCI) Chart

3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

Lagging momentum indicator
Ranges between +100 and -100
Considered overbought above +50
Considered oversold below -50
It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of Covenant Logistics Group Inc. The current cmo is -16.02215126.

The long score for the Chande Momentum Oscillator (CMO) is 0/1.
The longshort score for the Chande Momentum Oscillator (CMO) is -1/(-1 +1).

CMO < 0: The CMO is below 0, the momentum of the price is negative, indicating a potential downtrend in the price. -1

Covenant Logistics Group Inc Daily Chande Momentum Oscillator (CMO) Chart

3.5 Williams %R

Shows the current price relative to the highest high over the last 14 days.

Lagging momentum indicator
Ranging between 0 and -100
Above -20 is considered overbought
Below -80 is considered oversold
Is prone to give false signals

Score

Let's take a look at the Williams %R of Covenant Logistics Group Inc. The current willr is -71.17346939.

The long score for the Williams %R is 0/1.
The longshort score for the Williams %R is 0/(-1 +1).

WILLR between -80 and -20: The Williams %R is between -80 and -20. This indicates that Covenant Logistics Group Inc is trading in a neutral price range, neither oversold nor overbought, suggesting a balanced market condition without any extreme price signals.

Covenant Logistics Group Inc Daily Williams %R Chart

4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

Lagging volatility indicator
Uses 3 bands: one upper, one lower and one in the middle
Works best when the middle band reflects an intermediate trend (MA20).
When the price is moving closer to the upper band, the market might be overbought
When the price is moving closer to the lower band, the market might be oversold

Score

Let's take a look at the Bollinger Bands of Covenant Logistics Group Inc.

Covenant Logistics Group Inc Daily Bollinger Bands Chart

4.2 Average True Range (ATR)

Measures market volatility

Leading volatility indicator
Can be used to determine stop-loss positions
Calculated by:
- Current high minus the current low
- Current high minus the previous close
- Current low minus the previous close
The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of Covenant Logistics Group Inc. The current atr is 1.15350123.

Covenant Logistics Group Inc Daily Average True Range (ATR) Chart

5. Volume Indicators

5.1 On-Balance Volume (OBV)

Measures market volatility

Leading momentum indicator
Calculation:
- If the closing price is above the previous closing price: OBV = previous OBV + current volume
- If the closing price is below the previous closing price: OBV = previous OBV - current volume
- If the closing price is the same as the previous closing price than the OBV is the same.
Can be used to confirm price trends
Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of Covenant Logistics Group Inc. The current obv is 3,594,535.

Covenant Logistics Group Inc Daily On-Balance Volume (OBV) Chart

5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

Lagging momentum indicator
Looks like RSI but uses volume as an extra metric (RSI only considers price)
Above 80 is considered overbought
Below 20 is considered oversold
Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of Covenant Logistics Group Inc. The current mfi is 24.76.

The long score for the Money Flow Index (MFI) is 0/2.
The longshort score for the Money Flow Index (MFI) is -1/(-2 +2).

MFI < 50: -1

Covenant Logistics Group Inc Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

Type	Notification	Date
Currently no notifications for Covenant Logistics Group Inc.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

Date	Indicator	Signal
2023-12-01	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2023-12-04	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
2023-12-05	STOCH	LONG EXIT		The %K line crosses below the %D line.
2023-12-06	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2023-12-07	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2023-12-08	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2023-12-11	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2023-12-12	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2023-12-13	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
2023-12-14	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2023-12-15	STOCH	LONG EXIT		The %K line crosses below the %D line.
2023-12-19	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
2023-12-20	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
2023-12-22	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2023-12-28	MFI	LONG ENTRY	SHORT CLOSE	80 crossover to upside
2023-12-29	STOCH	LONG EXIT		The %K line crosses below the %D line.
	MFI	SHORT ENTRY	LONG CLOSE	80 crossover to downside
2024-01-03	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-01-04	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-01-08	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-01-09	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-01-10	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-01-11	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2024-01-12	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-01-18	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-01-22	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-01-23	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-01-24	MFI	LONG ENTRY	SHORT CLOSE	80 crossover to upside
2024-01-25	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-01-26	RSI	SHORT ENTRY	LONG CLOSE	70 crossover to downside
	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-01-29	MFI	SHORT ENTRY	LONG CLOSE	80 crossover to downside
2024-01-30	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-01-31	STOCH	LONG EXIT		The %K line crosses below the %D line.
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-02-01	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
2024-02-02	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-02-05	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-02-06	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-02-07	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
2024-02-08	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-02-09	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
2024-02-12	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-02-13	RSI	SHORT ENTRY	LONG CLOSE	70 crossover to downside
	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-02-14	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2024-02-15	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
2024-02-16	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-02-20	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-02-21	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
2024-02-27	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-02-28	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-02-29	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
2024-03-01	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	BB	LONG ENTRY	SHORT CLOSE	Price closed below the lower band.
2024-03-04	STOCH	LONG EXIT		The %K line crosses below the %D line.
	MFI	SHORT ENTRY	LONG CLOSE	20 crossover to downside
2024-03-06	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-03-08	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-03-12	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-03-13	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-03-14	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
2024-03-19	RSI	LONG ENTRY	SHORT CLOSE	30 crossover to upside
	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-03-20	MFI	LONG ENTRY	SHORT CLOSE	20 crossover to upside
2024-03-21	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
2024-03-25	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
2024-03-27	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-03-28	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2024-04-02	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-04-03	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-04-04	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2024-04-08	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2024-04-09	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-04-10	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-04-11	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-04-12	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-04-15	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-04-16	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
2024-04-17	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
	STOCH	LONG EXIT		The %K line crosses below the %D line.
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
	BB	LONG ENTRY	SHORT CLOSE	Price closed below the lower band.
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-04-19	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-04-22	STOCH	LONG EXIT		The %K line crosses below the %D line.
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-04-24	STOCH	SHORT EXIT		The %K line crosses above the %D line.

6.3. Candlestick Patterns

Covenant Logistics Group Inc Daily Candlestick Chart

Date	Candlestick Pattern

6.4. Technical Score

Let's check the technical score of Covenant Logistics Group Inc based on Penke's default Symbol scanner.

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	42.262
Ma 20	Greater than	Ma 50	45.286
Ma 50	Greater than	Ma 100	46.872
Ma 100	Greater than	Ma 200	46.602
Open	Greater than	Close	43.930
Total			2/5 (40.0%)

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Covenant Logistics Group Inc Buy, Hold or Sell?

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Quick analysis of Covenant Logistics Group Inc (30 sec.)

What can you expect buying and holding a share of Covenant Logistics Group Inc? (30 sec.)

How much money do you get?

What is your share worth?

+ What do you gain per year?

For what price can you sell your share?

1. Valuation of Covenant Logistics Group Inc (5 min.)

$44.16

$29.43

$-148.01 - $-53.43

$-118.58 - $-24.00

2. Growth of Covenant Logistics Group Inc (5 min.)

Is Covenant Logistics Group Inc growing?

How much money is Covenant Logistics Group Inc making?

How much money comes from the company's main activities?

3. Financial Health of Covenant Logistics Group Inc (5 min.)

4. Comparing to competitors in the Trucking industry (5 min.)

Industry Rankings (Trucking)

What can you expect buying and holding a share of Covenant Logistics Group Inc? (5 min.)

What can you expect buying and holding a share of Covenant Logistics Group Inc?

Speculation

Investing

How much money are you going to get?

When do you get the money?

How sure are you?

Linear %

Fundamentals of Covenant Logistics Group Inc

About Covenant Logistics Group Inc

Financial Health

Valuation

1.1. Profitability of Covenant Logistics Group Inc.

1.1. Profitability

1.1.1. Net Profit Margin

Trends

Compared to industry (Trucking)

1.1.2. Return on Assets

Trends

Compared to industry (Trucking)

1.1.3. Return on Equity

Trends

Compared to industry (Trucking)

1.2. Operating Efficiency of Covenant Logistics Group Inc.

1.2. Operating Efficiency

1.2.1. Operating Margin

Trends

Compared to industry (Trucking)

1.2.2. Operating Ratio

Trends

Compared to industry (Trucking)

1.3. Liquidity of Covenant Logistics Group Inc.

1.3. Liquidity

1.3.1. Current Ratio

Trends

Compared to industry (Trucking)

1.3.2. Quick Ratio

Trends

Compared to industry (Trucking)

1.4. Solvency of Covenant Logistics Group Inc.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Trends

Compared to industry (Trucking)

1.4.2. Debt to Equity Ratio

Trends

Compared to industry (Trucking)

2. Market Valuation of Covenant Logistics Group Inc

2.1. Earnings Per Share

2.1. Price to Earnings Ratio

Trends

Compared to industry (Trucking)

Covenant Logistics Group Inc
Buy, Hold or Sell?