Subsequent Events (Tables)
 3 Months Ended
Mar. 31, 2015
Subsequent Event [Line Items]  
Schedule of Subsequent Events [Table Text Block]
The following table summarizes the pro forma effect on the Echo balance sheet of the common stock and notes offerings that occurred on May 5, 2015 as if they had taken place on March 31, 2015. For the purposes of this pro forma balance sheet, the deferred tax liability was calculated using the statutory tax rate of 38%.


 
As of March 31, 2015
 
Actual
 
Pro Forma
Selected Balance Sheet Data:
(Unaudited)
 
 
 
 
Assets:
 
 
 
Cash and cash equivalents
$
17,180,589

 
$
376,530,589

Deferred financing fees
$
—

 
$
7,650,000

 
 
 
 
Liabilities:
 
 
 
Convertible senior notes, net of discount
$
—

 
$
200,790,000

Deferred income taxes
$
5,933,562

 
$
17,033,362

 
 
 
 
Stockholders' Equity:
 
 
 
Common stock
$
2,343

 
$
2,843

Additional paid-in capital
114,634,455

 
269,744,155

Retained earnings
72,511,273

 
72,511,273

Total stockholders' equity
$
187,148,071

 
$
342,258,271