PERI
Perion Network Ltd.
Price Chart
Latest Quote
$8.62
| Previous Close | $8.51 |
| Open | $8.35 |
| Day High | $8.98 |
| Day Low | $8.35 |
| Volume | 883,202 |
Stock Information
| Shares Outstanding | 39.33M |
| Total Debt | $21.41M |
| Cash Equivalents | $292.97M |
| Revenue | $440.96M |
| Net Income | $-9.59M |
| Sector | Communication Services |
| Industry | Internet Content & Information |
| Market Cap | $356.03M |
| EPS (TTM) | $-0.26 |
| Exchange | NMS |
đ Comprehensive Analysis
Company Data
| Enterprise Value | $61.20M |
| Sales | $440.96M |
| Income | $-9.59M |
| Book/sh | $16.61 |
| Cash/sh | $7.45 |
| Employees | 511 |
Financial Ratios
| Quick Ratio | 2.65 |
| Current Ratio | 2.81 |
| Debt/Eq | 3.29 |
Returns & Margins
| ROA | -1.23% |
| ROE | -1.40% |
| Gross Margin | 34.40% |
| Operating Margin | -16.89% |
| Profit Margin | -2.17% |
Ownership
| Insider Ownership | 0.22% |
| Institutional Ownership | 60.20% |
| Insider & Institutional transactions data not available | |
Valuation Ratios
| Forward P/E | 6.62 |
| PEG | 0.98 |
| P/S | 0.81 |
| P/B | 0.52 |
Analyst Data
| Recommendation | none |
| Target Price | $13.00 |
Technical Indicators
| SMA20 | $8.34 |
| SMA50 | $9.56 |
| SMA200 | $9.45 |
| RSI | 57.64 |
| ATR | 0.3268 |
| Shares Float | 38.44M |
| Short Float | 2.02% |
| Short Ratio | 1.48 |
| Volatility | 1.20 |
| Rel Volume | 1.79 |
Performance History
| Week | +2.38% |
| Month | -4.33% |
| Quarter | -10.49% |
| 6 Months | -10.67% |
| YTD | -7.81% |
| Year | -9.64% |
| 3 Years | -74.79% |
| 5 Years | -49.32% |
| 10 Years | +141.46% |
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Recent Price History
| Date | Close | Volume |
|---|---|---|
| 2026-06-22 | $8.62 | 1,180,069 |
| 2026-06-18 | $8.51 | 550,100 |
| 2026-06-17 | $8.45 | 503,000 |
| 2026-06-16 | $8.63 | 401,200 |
| 2026-06-15 | $8.56 | 679,600 |
| 2026-06-12 | $8.42 | 648,400 |
| 2026-06-11 | $8.27 | 522,600 |
| 2026-06-10 | $7.91 | 456,900 |
| 2026-06-09 | $7.84 | 534,400 |
| 2026-06-08 | $7.71 | 636,400 |
| 2026-06-05 | $7.88 | 406,000 |
| 2026-06-04 | $8.13 | 843,200 |
| 2026-06-03 | $8.05 | 665,300 |
| 2026-06-02 | $8.17 | 787,400 |
| 2026-06-01 | $8.31 | 732,400 |
| 2026-05-29 | $8.49 | 483,400 |
| 2026-05-28 | $8.47 | 1,143,200 |
| 2026-05-27 | $8.65 | 516,700 |
| 2026-05-26 | $8.66 | 743,000 |
About Perion Network Ltd.
Perion Network Ltd. provides digital advertising solutions to brands, agencies, and retailers in the United States and internationally. It offers Perion One, a platform that offers seamless, streamlined experience for supply and demand side customers; Outmax AI Agent, an production-grade AI execution agent; Buying Technologies, designed to assist advertisers with campaign planning, design, activation, and optimization by providing data-driven recommendations and automations; Creative Platform, a technology platform enables the automation of high impact ad unit production across all formats; Supply Technology & SODA, Supply Management set of technologies designed to facilitate relationships with publishers by treating impressions in an optimal manner; Supply Optimization & Demand Amplification, an AI solution that helps publishers improve the monetization of inventory; Search Advertising Technology, a publisher management system that provides publishers access to online dashboard; and Agentic Development. Further, the company provides a publisher management system that provides analytics and performance optimization tools, as well as reports; search-demand management systems; monetization products that deliver algorithmic search results concurrently with sponsored listings; and AI systems. The company was formerly known as IncrediMail Ltd. and changed its name to Perion Network Ltd. in November 2011. Perion Network Ltd. was incorporated in 1999 and is headquartered in Tel Aviv, Israel.
đ° Latest News
Perion Network (PERI) Strengthens DOOH Advertising Platform With AI Planning And Curated Measurement Features
Insider Monkey âĸ 2026-06-18T18:31:48ZPerion Network Ltd. (NASDAQ:PERI) Just Reported Earnings, And Analysts Cut Their Target Price
Simply Wall St. âĸ 2026-05-22T13:30:41ZPerion Network (PERI) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates
Zacks âĸ 2026-05-21T02:30:02ZPerion Network Ltd (PERI) Q1 2026 Earnings Call Highlights: Strong AI Growth Amid Macroeconomic ...
GuruFocus.com âĸ 2026-05-20T23:00:23ZWhy Perion Network Stock Was Falling Today
Motley Fool âĸ 2026-05-20T17:08:15ZPerion (PERI) Q1 2026 Earnings Transcript
Motley Fool âĸ 2026-05-20T16:57:36ZPerion Network Q1 Earnings Call Highlights
MarketBeat âĸ 2026-05-20T14:07:58ZPerion Network Shares Gain as Company Reaffirms Full-Year Outlook Despite Revenue Miss (PERI)
InvestorsHub âĸ 2026-05-20T12:54:04ZPerion Network (PERI) Q1 Earnings Top Estimates
Zacks âĸ 2026-05-20T12:10:01ZBouygues Telecom lowers acquisition costs using Perion AI platform (PERI)
InvestorsHub âĸ 2026-05-13T12:48:18ZIncome Statement (Annual)
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Revenue | ||||
| Reconciled Cost Of Revenue | $288,284,000 | $332,605,000 | $470,796,000 | $403,002,000 |
| Cost Of Revenue | $288,284,000 | $332,605,000 | $470,796,000 | $403,002,000 |
| Total Revenue | $439,927,000 | $498,286,000 | $743,155,000 | $640,256,000 |
| Operating Revenue | $439,927,000 | $498,286,000 | $743,155,000 | $640,256,000 |
| Expenses | ||||
| Interest Expense | $669,000 | $0 | $0 | $0 |
| Total Expenses | $453,507,000 | $492,888,000 | $610,171,000 | $536,656,000 |
| Other Income Expense | $-3,342,000 | $-9,511,000 | $-19,261,000 | $3,552,000 |
| Net Non Operating Interest Income Expense | $11,948,000 | $19,595,000 | $21,518,000 | $4,766,000 |
| Total Other Finance Cost | $892,000 | $650,000 | $357,000 | $227,000 |
| Interest Expense Non Operating | $669,000 | $0 | $0 | $0 |
| Operating Expense | $165,223,000 | $160,283,000 | $139,375,000 | $133,654,000 |
| Selling And Marketing Expense | $76,491,000 | $68,497,000 | $59,341,000 | $57,449,000 |
| General And Administrative Expense | $36,402,000 | $38,697,000 | $32,062,000 | $27,745,000 |
| Income & Earnings | ||||
| Net Income From Continuing Operation Net Minority Interest | $-7,933,000 | $12,614,000 | $114,963,000 | $97,479,000 |
| Net Interest Income | $11,948,000 | $19,595,000 | $21,518,000 | $4,766,000 |
| Interest Income | $13,509,000 | $20,245,000 | $21,875,000 | $4,993,000 |
| Normalized Income | $-5,359,660 | $20,363,112 | $131,336,011 | $94,385,258 |
| Net Income From Continuing And Discontinued Operation | $-7,933,000 | $12,614,000 | $114,963,000 | $97,479,000 |
| Total Operating Income As Reported | $-14,902,000 | $-3,038,000 | $114,290,000 | $107,416,000 |
| Net Income Common Stockholders | $-7,933,000 | $12,614,000 | $114,963,000 | $97,479,000 |
| Net Income | $-7,933,000 | $12,614,000 | $114,963,000 | $97,479,000 |
| Net Income Including Noncontrolling Interests | $-7,933,000 | $12,614,000 | $114,963,000 | $97,479,000 |
| Net Income Continuous Operations | $-7,933,000 | $12,614,000 | $114,963,000 | $97,479,000 |
| Pretax Income | $-4,974,000 | $15,482,000 | $135,241,000 | $111,918,000 |
| Special Income Charges | $-1,909,000 | $-8,436,000 | $-18,694,000 | $3,816,000 |
| Interest Income Non Operating | $13,509,000 | $20,245,000 | $21,875,000 | $4,993,000 |
| Operating Income | $-13,580,000 | $5,398,000 | $132,984,000 | $103,600,000 |
| Depreciation Amortization Depletion Income Statement | $17,677,000 | $16,434,000 | $14,092,000 | $13,838,000 |
| Depreciation And Amortization In Income Statement | $17,677,000 | $16,434,000 | $14,092,000 | $13,838,000 |
| Gross Profit | $151,643,000 | $165,681,000 | $272,359,000 | $237,254,000 |
| Per Share | ||||
| Diluted EPS | $-0.19 | $0.25 | $2.34 | $2.06 |
| Basic EPS | $-0.19 | $0.27 | $2.49 | $2.21 |
| Other | ||||
| Tax Effect Of Unusual Items | $-768,660 | $-1,761,888 | $-2,887,989 | $458,258 |
| Tax Rate For Calcs | $0 | $0 | $0 | $0 |
| Normalized EBITDA (Bullshit earnings) | $16,714,000 | $41,427,000 | $168,594,000 | $122,204,000 |
| Total Unusual Items | $-3,342,000 | $-9,511,000 | $-19,261,000 | $3,552,000 |
| Total Unusual Items Excluding Goodwill | $-3,342,000 | $-9,511,000 | $-19,261,000 | $3,552,000 |
| Reconciled Depreciation | $17,677,000 | $16,434,000 | $14,092,000 | $13,838,000 |
| EBITDA (Bullshit earnings) | $13,372,000 | $31,916,000 | $149,333,000 | $125,756,000 |
| EBIT | $-4,305,000 | $15,482,000 | $135,241,000 | $111,918,000 |
| Diluted Average Shares | $42,098,471 | $49,555,777 | $50,073,985 | $48,071,638 |
| Basic Average Shares | $42,098,471 | $47,281,588 | $47,128,232 | $44,871,149 |
| Diluted NI Availto Com Stockholders | $-7,933,000 | $12,614,000 | $114,963,000 | $97,479,000 |
| Tax Provision | $2,959,000 | $2,868,000 | $20,278,000 | $14,439,000 |
| Restructuring And Mergern Acquisition | $1,909,000 | $8,436,000 | $18,694,000 | $-3,816,000 |
| Gain On Sale Of Security | $-1,433,000 | $-1,075,000 | $-567,000 | $-264,000 |
| Research And Development | $34,653,000 | $36,655,000 | $33,880,000 | $34,622,000 |
| Selling General And Administration | $112,893,000 | $107,194,000 | $91,403,000 | $85,194,000 |
| Other Gand A | $36,402,000 | $38,697,000 | $32,062,000 | $27,745,000 |
| Impairment Of Capital Assets | - | $1,984,000 | - | - |
| Salaries And Wages | - | $18,991,000 | - | - |
Balance Sheet (Annual)
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Assets | ||||
| Net Tangible Assets | $320,771,000 | $406,937,000 | $381,520,000 | $335,943,000 |
| Total Assets | $913,758,000 | $915,526,000 | $1,077,266,000 | $870,218,000 |
| Total Non Current Assets | $393,977,000 | $354,061,000 | $350,680,000 | $266,760,000 |
| Other Non Current Assets | $620,000 | $416,000 | $85,000 | $49,000 |
| Non Current Deferred Assets | $9,266,000 | $8,517,000 | $4,180,000 | $5,779,000 |
| Non Current Deferred Taxes Assets | $9,266,000 | $8,517,000 | $4,180,000 | $5,779,000 |
| Goodwill And Other Intangible Assets | $355,235,000 | $316,003,000 | $336,627,000 | $247,191,000 |
| Other Intangible Assets | $89,169,000 | $68,917,000 | $88,652,000 | $51,664,000 |
| Current Assets | $519,781,000 | $561,465,000 | $726,586,000 | $603,458,000 |
| Other Current Assets | $17,830,000 | $22,638,000 | $21,033,000 | $12,049,000 |
| Restricted Cash | $1,176,000 | $1,134,000 | $1,339,000 | $1,295,000 |
| Receivables | $187,871,000 | $164,358,000 | $231,539,000 | $160,488,000 |
| Accounts Receivable | $187,871,000 | $164,358,000 | $231,539,000 | $160,488,000 |
| Allowance For Doubtful Accounts Receivable | $-6,365,000 | $-2,538,000 | $-2,091,000 | $-2,134,000 |
| Gross Accounts Receivable | $194,236,000 | $166,896,000 | $233,630,000 | $162,622,000 |
| Cash Cash Equivalents And Short Term Investments | $312,904,000 | $373,335,000 | $472,675,000 | $429,626,000 |
| Cash And Cash Equivalents | $89,997,000 | $156,228,000 | $187,609,000 | $176,226,000 |
| Prepaid Assets | - | - | - | - |
| Debt | ||||
| Total Debt | $22,358,000 | $22,302,000 | $7,646,000 | $11,480,000 |
| Long Term Debt And Capital Lease Obligation | $20,034,000 | $18,654,000 | $3,448,000 | $7,580,000 |
| Current Debt And Capital Lease Obligation | $2,324,000 | $3,648,000 | $4,198,000 | $3,900,000 |
| Liabilities | ||||
| Total Liabilities Net Minority Interest | $237,752,000 | $192,586,000 | $359,119,000 | $287,084,000 |
| Total Non Current Liabilities Net Minority Interest | $49,171,000 | $30,736,000 | $19,091,000 | $52,476,000 |
| Other Non Current Liabilities | $21,740,000 | $12,082,000 | $15,643,000 | $44,896,000 |
| Non Current Deferred Liabilities | $7,397,000 | $0 | - | - |
| Non Current Deferred Taxes Liabilities | $7,397,000 | $0 | - | - |
| Current Liabilities | $188,581,000 | $161,850,000 | $340,028,000 | $234,608,000 |
| Other Current Liabilities | $19,100,000 | $2,460,000 | $74,550,000 | $35,746,000 |
| Current Deferred Liabilities | $1,206,000 | $2,049,000 | $2,297,000 | $2,377,000 |
| Payables And Accrued Expenses | $165,951,000 | $153,693,000 | $258,983,000 | $192,585,000 |
| Payables | $129,882,000 | $122,005,000 | $217,181,000 | $155,854,000 |
| Accounts Payable | $129,882,000 | $122,005,000 | $217,181,000 | $155,854,000 |
| Equity | ||||
| Common Stock Equity | $676,006,000 | $722,940,000 | $718,147,000 | $583,134,000 |
| Total Equity Gross Minority Interest | $676,006,000 | $722,940,000 | $718,147,000 | $583,134,000 |
| Stockholders Equity | $676,006,000 | $722,940,000 | $718,147,000 | $583,134,000 |
| Gains Losses Not Affecting Retained Earnings | $267,000 | $-215,000 | $-83,000 | $-582,000 |
| Other Equity Adjustments | $267,000 | $-215,000 | $-83,000 | $-582,000 |
| Retained Earnings | $188,684,000 | $196,617,000 | $184,003,000 | $70,786,000 |
| Other | ||||
| Treasury Shares Number | $115,339 | $115,339 | $115,339 | $115,339 |
| Ordinary Shares Number | $39,024,964 | $44,825,053 | $47,991,344 | $46,172,393 |
| Share Issued | $39,140,303 | $44,940,392 | $48,106,683 | $46,287,732 |
| Tangible Book Value | $320,771,000 | $406,937,000 | $381,520,000 | $335,943,000 |
| Invested Capital | $676,006,000 | $722,940,000 | $718,147,000 | $583,134,000 |
| Working Capital | $331,200,000 | $399,615,000 | $386,558,000 | $368,850,000 |
| Capital Lease Obligations | $22,358,000 | $22,302,000 | $7,646,000 | $11,480,000 |
| Total Capitalization | $676,006,000 | $722,940,000 | $718,147,000 | $583,134,000 |
| Treasury Stock | $1,002,000 | $1,002,000 | $1,002,000 | $1,002,000 |
| Additional Paid In Capital | $487,716,000 | $527,149,000 | $534,816,000 | $513,534,000 |
| Capital Stock | $341,000 | $391,000 | $413,000 | $398,000 |
| Common Stock | $341,000 | $391,000 | $413,000 | $398,000 |
| Long Term Capital Lease Obligation | $20,034,000 | $18,654,000 | $3,448,000 | $7,580,000 |
| Current Deferred Revenue | $1,206,000 | $2,049,000 | $2,297,000 | $2,377,000 |
| Current Capital Lease Obligation | $2,324,000 | $3,648,000 | $4,198,000 | $3,900,000 |
| Current Accrued Expenses | $36,069,000 | $31,688,000 | $41,802,000 | $36,731,000 |
| Goodwill | $266,066,000 | $247,086,000 | $247,975,000 | $195,527,000 |
| Net PPE | $28,856,000 | $29,125,000 | $9,788,000 | $13,741,000 |
| Accumulated Depreciation | $-27,648,000 | $-25,672,000 | $-25,228,000 | $-25,980,000 |
| Gross PPE | $56,504,000 | $54,797,000 | $35,016,000 | $39,721,000 |
| Leases | $14,232,000 | $12,586,000 | $7,078,000 | $8,400,000 |
| Other Properties | $17,171,000 | $20,209,000 | $6,609,000 | $10,130,000 |
| Machinery Furniture Equipment | $25,101,000 | $22,002,000 | $21,329,000 | $21,191,000 |
| Properties | $0 | $0 | $0 | $0 |
| Other Short Term Investments | $222,907,000 | $217,107,000 | $285,066,000 | $253,400,000 |
| Pensionand Other Post Retirement Benefit Plans Current | - | - | - | $20,788,000 |
Cash Flow Statement (Annual)
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Free Cash Flow | ||||
| Free Cash Flow | $36,185,000 | $67,000 | $154,652,000 | $121,061,000 |
| Operating Activities | ||||
| Operating Cash Flow | $41,927,000 | $6,939,000 | $155,463,000 | $122,119,000 |
| Cash Flow From Continuing Operating Activities | $41,927,000 | $6,939,000 | $155,463,000 | $122,119,000 |
| Operating Gains Losses | $-1,556,000 | $302,000 | $-328,000 | $-98,000 |
| Investing Activities | ||||
| Capital Expenditure | $-5,742,000 | $-6,872,000 | $-811,000 | $-1,058,000 |
| Investing Cash Flow | $-37,397,000 | $62,602,000 | $-133,354,000 | $-46,816,000 |
| Cash Flow From Continuing Investing Activities | $-37,397,000 | $62,602,000 | $-133,354,000 | $-46,816,000 |
| Capital Expenditure Reported | $-1,942,000 | $0 | $0 | - |
| Financing Activities | ||||
| Repurchase Of Capital Stock | $-71,212,000 | $-46,920,000 | $0 | $0 |
| Financing Cash Flow | $-71,052,000 | $-100,913,000 | $-10,823,000 | $-3,258,000 |
| Cash Flow From Continuing Financing Activities | $-71,052,000 | $-100,913,000 | $-10,823,000 | $-3,258,000 |
| Net Common Stock Issuance | $-71,212,000 | $-46,920,000 | $0 | $0 |
| Net Other Financing Charges | - | $-54,540,000 | $-13,256,000 | $-9,091,000 |
| Other | ||||
| Repayment Of Debt | $-452,000 | $0 | $0 | $0 |
| Interest Paid Supplemental Data | $85,000 | $13,000 | $6,000 | $5,000 |
| Income Tax Paid Supplemental Data | $8,349,000 | $13,098,000 | $18,030,000 | $7,689,000 |
| End Cash Position | $91,173,000 | $157,362,000 | $188,948,000 | $177,521,000 |
| Beginning Cash Position | $157,362,000 | $188,948,000 | $177,521,000 | $105,535,000 |
| Effect Of Exchange Rate Changes | $333,000 | $-214,000 | $141,000 | $-59,000 |
| Changes In Cash | $-66,522,000 | $-31,372,000 | $11,286,000 | $72,045,000 |
| Proceeds From Stock Option Exercised | $612,000 | $547,000 | $2,433,000 | $5,833,000 |
| Common Stock Payments | $-71,212,000 | $-46,920,000 | $0 | $0 |
| Net Issuance Payments Of Debt | $-452,000 | $0 | $0 | $0 |
| Net Long Term Debt Issuance | $-452,000 | $0 | $0 | $0 |
| Long Term Debt Payments | $-452,000 | $0 | $0 | $0 |
| Net Investment Purchase And Sale | $-5,131,000 | $69,428,000 | $-30,649,000 | $-36,200,000 |
| Sale Of Investment | $205,236,000 | $248,263,000 | $287,827,000 | $217,200,000 |
| Purchase Of Investment | $-210,367,000 | $-178,835,000 | $-318,476,000 | $-253,400,000 |
| Net Business Purchase And Sale | $-26,566,000 | $0 | $-101,921,000 | $-9,570,000 |
| Purchase Of Business | $-26,566,000 | $0 | $-101,921,000 | $-9,570,000 |
| Net PPE Purchase And Sale | $-3,758,000 | $-6,826,000 | $-784,000 | $-1,046,000 |
| Sale Of PPE | $42,000 | $46,000 | $27,000 | $12,000 |
| Purchase Of PPE | $-3,800,000 | $-6,872,000 | $-811,000 | $-1,058,000 |
| Change In Working Capital | $-5,549,000 | $-49,181,000 | $-3,207,000 | $9,562,000 |
| Change In Other Working Capital | $-889,000 | $-248,000 | $-1,093,000 | $-1,474,000 |
| Change In Other Current Liabilities | $-318,000 | $-3,820,000 | $-3,966,000 | $-1,909,000 |
| Change In Other Current Assets | $3,424,000 | $4,876,000 | $3,653,000 | $1,104,000 |
| Change In Payables And Accrued Expense | $11,710,000 | $-110,595,000 | $3,961,000 | $57,511,000 |
| Change In Accrued Expense | $3,091,000 | $-14,233,000 | $-2,917,000 | $9,320,000 |
| Change In Payable | $8,619,000 | $-96,362,000 | $6,878,000 | $48,191,000 |
| Change In Account Payable | $8,619,000 | $-96,362,000 | $6,878,000 | $48,191,000 |
| Change In Prepaid Assets | $3,500,000 | $-5,457,000 | $-433,000 | $-434,000 |
| Change In Receivables | $-22,976,000 | $66,063,000 | $-5,329,000 | $-45,236,000 |
| Changes In Account Receivables | $-22,976,000 | $66,063,000 | $-5,329,000 | $-45,236,000 |
| Other Non Cash Items | $10,321,000 | $2,925,000 | $13,704,000 | $-10,550,000 |
| Stock Based Compensation | $31,117,000 | $27,211,000 | $18,040,000 | $13,316,000 |
| Amortization Of Securities | $-623,000 | $-1,257,000 | $-1,147,000 | $0 |
| Deferred Tax | $-1,527,000 | $-2,109,000 | $-654,000 | $-1,428,000 |
| Deferred Income Tax | $-1,527,000 | $-2,109,000 | $-654,000 | $-1,428,000 |
| Depreciation Amortization Depletion | $17,677,000 | $16,434,000 | $14,092,000 | $13,838,000 |
| Depreciation And Amortization | $17,677,000 | $16,434,000 | $14,092,000 | $13,838,000 |
| Amortization Cash Flow | $15,253,000 | - | - | - |
| Amortization Of Intangibles | $15,253,000 | - | - | - |
| Depreciation | $2,425,000 | - | - | - |
| Pension And Employee Benefit Expense | $-1,033,000 | $295,000 | $-274,000 | $-106,000 |
| Net Foreign Currency Exchange Gain Loss | $-481,000 | $53,000 | $-27,000 | $20,000 |
| Gain Loss On Sale Of PPE | $-42,000 | $-46,000 | $-27,000 | $-12,000 |
| Net Income From Continuing Operations | $-7,933,000 | $12,614,000 | $114,963,000 | $97,479,000 |
| Unrealized Gain Loss On Investment Securities | - | - | - | - |