Assets and Liabilities Measured at Fair Value (Details) - USD ($) |
1 Months Ended | ||
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Dec. 31, 2016 |
Apr. 30, 2017 |
Mar. 31, 2017 |
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Zero-strike call option | Call Option | |||
Assets and Liabilities Measured at Fair Value | |||
Derivative underlying share amount | $ 704,908 | $ 600,242 | |
Derivative premium paid | 47,900,000 | $ 50,000,000 | |
Total | |||
Assets and Liabilities Measured at Fair Value | |||
Derivative Asset | 49,019,000 | ||
Total | Recurring | |||
Assets and Liabilities Measured at Fair Value | |||
Cash equivalents | 198,011,000 | $ 241,185,000 | |
Quoted prices in active markets for identical assets (Level 1) | Recurring | |||
Assets and Liabilities Measured at Fair Value | |||
Cash equivalents | 198,011,000 | $ 241,185,000 | |
Significant other observable inputs (Level 2) | |||
Assets and Liabilities Measured at Fair Value | |||
Derivative Asset | $ 49,019,000 | ||
Minimum | |||
Level 2 input | |||
Volatility | 21.10% | ||
Interest rate | 1.00% | ||
Dividend yield | 0.00% | ||
Maximum | |||
Level 2 input | |||
Volatility | 21.50% | ||
Interest rate | 1.00% | ||
Dividend yield | 0.00% |
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- Definition Derivative premium paid No definition available.
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- Definition Derivative underlying share amount No definition available.
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- Definition Fair value portion of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Fair value, after the effects of master netting arrangements, of a financial asset or other contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes assets not subject to a master netting arrangement and not elected to be offset. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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- References No definition available.
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- Definition Expected dividends to be paid to holders of the underlying shares or financial instruments (expressed as a percentage of the share or instrument's price). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Measure of dispersion, in percentage terms (for instance, the standard deviation or variance), for a given stock price. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Risk-free interest rate assumption used in valuing an instrument. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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