2013 Q2 Form 10-Q Financial Statement
#000110465913037564 Filed on May 06, 2013
Income Statement
Concept | 2013 Q2 | 2013 Q1 | 2012 Q1 |
---|---|---|---|
Revenue | $47.50M | $40.73M | $55.01M |
YoY Change | -19.65% | -25.96% | -40.96% |
Cost Of Revenue | $30.76M | $27.78M | $34.47M |
YoY Change | -15.31% | -19.4% | -44.48% |
Gross Profit | $16.74M | $12.94M | $20.54M |
YoY Change | -26.55% | -36.97% | -33.93% |
Gross Profit Margin | 35.24% | 31.78% | 37.33% |
Selling, General & Admin | $12.01M | $11.79M | $14.38M |
YoY Change | -5.61% | -18.02% | -14.77% |
% of Gross Profit | 71.73% | 91.1% | 70.03% |
Research & Development | $8.503M | $9.206M | $11.70M |
YoY Change | -18.85% | -21.32% | -1.0% |
% of Gross Profit | 50.8% | 71.13% | 56.97% |
Depreciation & Amortization | $1.330M | $1.394M | $1.896M |
YoY Change | -23.12% | -26.48% | 0.74% |
% of Gross Profit | 7.95% | 10.77% | 9.23% |
Operating Expenses | $20.13M | $22.43M | $28.93M |
YoY Change | -13.79% | -22.47% | 0.84% |
Operating Profit | -$3.394M | -$9.487M | -$8.396M |
YoY Change | 503.91% | 12.99% | -451.44% |
Interest Expense | $51.00K | $0.00 | $0.00 |
YoY Change | |||
% of Operating Profit | |||
Other Income/Expense, Net | -$362.0K | $832.0K | -$915.0K |
YoY Change | -164.64% | -190.93% | 106.08% |
Pretax Income | -$3.756M | -$8.655M | -$9.311M |
YoY Change | 187700.0% | -7.05% | -578.71% |
Income Tax | $263.0K | $333.0K | $717.0K |
% Of Pretax Income | |||
Net Earnings | -$4.000M | -$9.000M | -$10.00M |
YoY Change | 700.0% | -10.0% | -655.56% |
Net Earnings / Revenue | -8.42% | -22.1% | -18.18% |
Basic Earnings Per Share | -$0.08 | ||
Diluted Earnings Per Share | -$147.6K | -$0.08 | -$373.1K |
COMMON SHARES | |||
Basic Shares Outstanding | 108.3M shares | 108.2M shares | |
Diluted Shares Outstanding | 108.2M shares |
Balance Sheet
Concept | 2013 Q2 | 2013 Q1 | 2012 Q1 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $34.60M | $42.40M | $37.20M |
YoY Change | 2.37% | 13.98% | -16.96% |
Cash & Equivalents | $34.64M | $42.44M | $37.22M |
Short-Term Investments | |||
Other Short-Term Assets | $6.100M | $5.600M | $10.50M |
YoY Change | -40.2% | -46.67% | -4.55% |
Inventory | $96.41M | $98.73M | $128.7M |
Prepaid Expenses | |||
Receivables | $30.22M | $23.15M | $30.50M |
Other Receivables | $0.00 | $0.00 | $0.00 |
Total Short-Term Assets | $167.4M | $169.9M | $206.9M |
YoY Change | -18.58% | -17.88% | -9.68% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $32.96M | $33.66M | $36.50M |
YoY Change | -7.92% | -7.77% | -4.7% |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $13.41M | $12.35M | $12.40M |
YoY Change | 15.57% | -0.39% | -34.39% |
Total Long-Term Assets | $46.37M | $46.02M | $48.88M |
YoY Change | -2.17% | -5.86% | -14.55% |
TOTAL ASSETS | |||
Total Short-Term Assets | $167.4M | $169.9M | $206.9M |
Total Long-Term Assets | $46.37M | $46.02M | $48.88M |
Total Assets | $213.8M | $216.0M | $255.8M |
YoY Change | -15.51% | -15.58% | -10.65% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $16.19M | $13.79M | $17.90M |
YoY Change | -8.02% | -22.94% | -53.02% |
Accrued Expenses | $6.600M | $8.900M | $9.100M |
YoY Change | -16.46% | -2.2% | -29.46% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $34.55M | $34.07M | $42.10M |
YoY Change | -15.31% | -19.07% | -38.72% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Other Long-Term Liabilities | $5.829M | $5.713M | $7.200M |
YoY Change | -10.32% | -20.65% | -4.0% |
Total Long-Term Liabilities | $5.829M | $5.713M | $7.200M |
YoY Change | -10.32% | -20.65% | -4.0% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $34.55M | $34.07M | $42.10M |
Total Long-Term Liabilities | $5.829M | $5.713M | $7.200M |
Total Liabilities | $40.64M | $40.10M | $49.39M |
YoY Change | -14.26% | -18.8% | -35.19% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$335.5M | -$331.5M | |
YoY Change | |||
Common Stock | |||
YoY Change | |||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | $1.218M | $1.218M | |
YoY Change | |||
Treasury Stock Shares | 120.0K shares | 120.0K shares | |
Shareholders Equity | $173.1M | $175.9M | $206.4M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $213.8M | $216.0M | $255.8M |
YoY Change | -15.51% | -15.58% | -10.65% |
Cashflow Statement
Concept | 2013 Q2 | 2013 Q1 | 2012 Q1 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$4.000M | -$9.000M | -$10.00M |
YoY Change | 700.0% | -10.0% | -655.56% |
Depreciation, Depletion And Amortization | $1.330M | $1.394M | $1.896M |
YoY Change | -23.12% | -26.48% | 0.74% |
Cash From Operating Activities | -$8.920M | -$1.880M | -$9.700M |
YoY Change | 210.8% | -80.62% | 701.65% |
INVESTING ACTIVITIES | |||
Capital Expenditures | -$190.0K | $150.0K | $141.0K |
YoY Change | -24.0% | 6.38% | -76.89% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $800.0K | $400.0K | $0.00 |
YoY Change | -100.0% | ||
Cash From Investing Activities | $620.0K | $250.0K | -$140.0K |
YoY Change | -358.33% | -278.57% | -77.42% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 350.0K | 50.00K | 980.0K |
YoY Change | 600.0% | -94.9% | 122.73% |
NET CHANGE | |||
Cash From Operating Activities | -8.920M | -1.880M | -9.700M |
Cash From Investing Activities | 620.0K | 250.0K | -140.0K |
Cash From Financing Activities | 350.0K | 50.00K | 980.0K |
Net Change In Cash | -7.950M | -1.580M | -8.860M |
YoY Change | 159.8% | -82.17% | 537.41% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$8.920M | -$1.880M | -$9.700M |
Capital Expenditures | -$190.0K | $150.0K | $141.0K |
Free Cash Flow | -$8.730M | -$2.030M | -$9.841M |
YoY Change | 233.21% | -79.37% | 440.71% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2012Q1 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-924000 | USD |
CY2012Q1 | us-gaap |
Nonoperating Income Expense
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|
-915000 | USD |
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Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
-9311000 | USD |
CY2012Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
717000 | USD |
CY2012Q1 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
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|
107067000 | shares |
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Disposal Group Not Discontinued Operation Gain Loss On Disposal
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|
368000 | USD |
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Sales Revenue Net
SalesRevenueNet
|
40726000 | USD |
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Entity Registrant Name
EntityRegistrantName
|
AXCELIS TECHNOLOGIES INC | |
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Entity Central Index Key
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|
0001113232 | |
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Document Type
DocumentType
|
10-Q | |
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Document Period End Date
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|
2013-03-31 | |
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false | |
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Current Fiscal Year End Date
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--12-31 | |
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Entity Current Reporting Status
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Yes | |
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Accelerated Filer | |
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Sales Revenue Goods Net
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Entity Common Stock Shares Outstanding
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2013 | |
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Sales Revenue Net
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Cost Of Goods Sold
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Selling And Marketing Expense
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General And Administrative Expense
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Restructuring Charges
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Operating Expenses
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Operating Income Loss
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Investment Income Interest
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Operating Expenses
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Operating Income Loss
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Nonoperating Income Expense
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Gross Profit
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Cash And Cash Equivalents At Carrying Value
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Preferred Stock Par Or Stated Value Per Share
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Payments To Acquire Property Plant And Equipment
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Increase Decrease In Restricted Cash
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Net Cash Provided By Used In Investing Activities Continuing Operations
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Effect Of Exchange Rate On Cash And Cash Equivalents Continuing Operations
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Net Cash Provided By Used In Operating Activities Continuing Operations
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Proceeds From Sale Of Productive Assets
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|
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Net Cash Provided By Used In Investing Activities Continuing Operations
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|
253000 | USD |
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Cash And Cash Equivalents At Carrying Value
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Allocated Share Based Compensation Expense
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Allocated Share Based Compensation Expense
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Inventory Raw Materials Net Of Reserves
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|
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Inventory Raw Materials Net Of Reserves
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Inventory Work In Process Net Of Reserves
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Inventory Work In Process Net Of Reserves
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Inventory Finished Goods Net Of Reserves
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Inventory Finished Goods Net Of Reserves
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Inventory Net
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Inventory Valuation Reserves
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Inventory Valuation Reserves
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|
33600000 | USD |
CY2013Q1 | acls |
Product Warranty Period
ProductWarrantyPeriod
|
P1Y | |
CY2013Q1 | us-gaap |
Product Warranty Accrual
ProductWarrantyAccrual
|
1582000 | USD |
CY2012Q4 | us-gaap |
Product Warranty Accrual
ProductWarrantyAccrual
|
1801000 | USD |
CY2012Q1 | us-gaap |
Product Warranty Accrual
ProductWarrantyAccrual
|
3236000 | USD |
CY2011Q4 | us-gaap |
Product Warranty Accrual
ProductWarrantyAccrual
|
3697000 | USD |
CY2013Q1 | us-gaap |
Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
|
457000 | USD |
CY2012Q1 | us-gaap |
Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
|
842000 | USD |
CY2013Q1 | us-gaap |
Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
|
399000 | USD |
CY2012Q1 | us-gaap |
Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
|
1078000 | USD |
CY2013Q1 | us-gaap |
Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
|
-277000 | USD |
CY2012Q1 | us-gaap |
Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
|
-225000 | USD |
CY2013Q1 | us-gaap |
Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
|
1539000 | USD |
CY2012Q1 | us-gaap |
Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
|
3110000 | USD |
CY2012Q1 | us-gaap |
Product Warranty Accrual Noncurrent
ProductWarrantyAccrualNoncurrent
|
126000 | USD |
CY2013Q1 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
2103634 | shares |
CY2012Q1 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
2497101 | shares |
CY2013Q1 | acls |
Charges Related To Below Normal Production Capacity
ChargesRelatedToBelowNormalProductionCapacity
|
500000 | USD |
CY2012Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
USD | |
CY2013Q1 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
USD | |
CY2013Q1 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
108227000 | shares |
CY2013Q1 | us-gaap |
Restructuring And Related Cost Expected Cost
RestructuringAndRelatedCostExpectedCost
|
1400000 | USD |
CY2013Q1 | us-gaap |
Sales Revenue Goods Net
SalesRevenueGoodsNet
|
34452000 | USD |
CY2013Q1 | us-gaap |
Sales Revenue Services Net
SalesRevenueServicesNet
|
6274000 | USD |
CY2013Q1 | us-gaap |
Cost Of Goods Sold
CostOfGoodsSold
|
22181000 | USD |
CY2013Q1 | us-gaap |
Cost Of Services
CostOfServices
|
5602000 | USD |
CY2013Q1 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
9206000 | USD |
CY2013Q1 | us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
5201000 | USD |
CY2013Q1 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
6590000 | USD |
CY2013Q1 | us-gaap |
Restructuring Charges
RestructuringCharges
|
1801000 | USD |
CY2013Q1 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
3000 | USD |
CY2013Q1 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
829000 | USD |
CY2013Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
333000 | USD |
CY2013Q1 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
|
-2078000 | USD |
CY2013Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-8988000 | USD |
CY2012Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-10028000 | USD |
CY2013Q1 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
23150000 | USD |
CY2013Q1 | us-gaap |
Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
|
103000 | USD |
CY2013Q1 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
5519000 | USD |
CY2013Q1 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
33663000 | USD |
CY2013Q1 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
12352000 | USD |
CY2013Q1 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
13793000 | USD |
CY2013Q1 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
8900000 | USD |
CY2013Q1 | us-gaap |
Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
|
356000 | USD |
CY2013Q1 | us-gaap |
Deferred Revenue Current
DeferredRevenueCurrent
|
5714000 | USD |
CY2013Q1 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
3768000 | USD |
CY2013Q1 | us-gaap |
Deferred Revenue Noncurrent
DeferredRevenueNoncurrent
|
321000 | USD |
CY2013Q1 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
49000 | USD |
CY2013Q1 | us-gaap |
Effect Of Exchange Rate On Cash And Cash Equivalents Continuing Operations
EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations
|
-968000 | USD |
CY2013Q1 | us-gaap |
Inventory Write Down
InventoryWriteDown
|
2211000 | USD |
CY2013Q1 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
5713000 | USD |
CY2013Q1 | us-gaap |
Common Stock Value Outstanding
CommonStockValueOutstanding
|
108000 | USD |
CY2013Q1 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
505478000 | USD |
CY2013Q1 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
1218000 | USD |
CY2013Q1 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-331465000 | USD |
CY2013Q1 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
2950000 | USD |
CY2013Q1 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
1394000 | USD |
CY2013Q1 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
56000 | USD |
CY2013Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
839000 | USD |
CY2013Q1 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-1458000 | USD |
CY2013Q1 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
1672000 | USD |
CY2013Q1 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
544000 | USD |
CY2013Q1 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
5043000 | USD |
CY2013Q1 | us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
-843000 | USD |
CY2013Q1 | us-gaap |
Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
84000 | USD |
CY2013Q1 | us-gaap |
Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
|
549000 | USD |
CY2013Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
150000 | USD |
CY2013Q1 | us-gaap |
Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
|
-3000 | USD |
CY2013Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
-2070000 | USD |
CY2013Q1 | us-gaap |
Other Comprehensive Income Loss Amortization Pension And Other Postretirement Benefit Plans Net Prior Service Cost Recognized In Net Periodic Pension Cost Net Of Tax
OtherComprehensiveIncomeLossAmortizationPensionAndOtherPostretirementBenefitPlansNetPriorServiceCostRecognizedInNetPeriodicPensionCostNetOfTax
|
-8000 | USD |
CY2012Q1 | acls |
Charges Related To Below Normal Production Capacity
ChargesRelatedToBelowNormalProductionCapacity
|
0 | USD |