$ADTN
ADTRAN Holdings, Inc.

2015 Q1 Form 10-Q Financial Statement

#000119312515173975 Filed on May 06, 2015

View on sec.gov

Income Statement

Concept 2015 Q1 2014 Q1
Revenue $142.8M $147.0M
YoY Change -2.84% 2.79%
Cost Of Revenue $77.27M $69.21M
YoY Change 11.64% -5.62%
Gross Profit $65.56M $77.79M
YoY Change -15.72% 11.64%
Gross Profit Margin 45.9% 52.92%
Selling, General & Admin $31.06M $33.94M
YoY Change -8.47% 10.9%
% of Gross Profit 47.38% 43.63%
Research & Development $32.54M $32.55M
YoY Change -0.05% 0.13%
% of Gross Profit 49.63% 41.85%
Depreciation & Amortization $3.728M $3.580M
YoY Change 4.13% -2.27%
% of Gross Profit 5.69% 4.6%
Operating Expenses $63.60M $66.49M
YoY Change -4.35% 5.35%
Operating Profit $1.963M $11.30M
YoY Change -82.63% 72.15%
Interest Expense $148.0K $227.0K
YoY Change -34.8% -60.93%
% of Operating Profit 7.54% 2.01%
Other Income/Expense, Net -$353.0K $122.0K
YoY Change -389.34% -107.3%
Pretax Income $5.510M $14.68M
YoY Change -62.46% 50.97%
Income Tax $2.193M $5.072M
% Of Pretax Income 39.8% 34.55%
Net Earnings $3.317M $9.607M
YoY Change -65.47% 21.76%
Net Earnings / Revenue 2.32% 6.54%
Basic Earnings Per Share $0.06 $0.17
Diluted Earnings Per Share $0.06 $0.17
COMMON SHARES
Basic Shares Outstanding 53.40M shares 56.75M shares
Diluted Shares Outstanding 53.63M shares 57.37M shares

Balance Sheet

Concept 2015 Q1 2014 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $165.8M $142.0M
YoY Change 16.76% -42.72%
Cash & Equivalents $87.01M $52.82M
Short-Term Investments $78.80M $89.20M
Other Short-Term Assets $23.10M $20.20M
YoY Change 14.36% 16.09%
Inventory $93.12M $87.40M
Prepaid Expenses $5.092M $5.005M
Receivables $90.87M $100.5M
Other Receivables $29.96M $29.00M
Total Short-Term Assets $401.1M $379.0M
YoY Change 5.82% -17.47%
LONG-TERM ASSETS
Property, Plant & Equipment $73.99M $75.89M
YoY Change -2.5% -2.44%
Goodwill $3.492M $3.492M
YoY Change 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments $236.7M $309.5M
YoY Change -23.52% -0.32%
Other Assets $10.08M $11.93M
YoY Change -15.53% -5.29%
Total Long-Term Assets $343.1M $412.3M
YoY Change -16.78% -0.67%
TOTAL ASSETS
Total Short-Term Assets $401.1M $379.0M
Total Long-Term Assets $343.1M $412.3M
Total Assets $744.2M $791.3M
YoY Change -5.95% -9.5%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $73.70M $59.10M
YoY Change 24.7% 20.77%
Accrued Expenses $12.77M $10.68M
YoY Change 19.56% -3.9%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $132.0M $120.0M
YoY Change 9.95% 7.48%
LONG-TERM LIABILITIES
Long-Term Debt $28.80M $30.00M
YoY Change -4.0% -34.78%
Other Long-Term Liabilities $30.65M $23.48M
YoY Change 30.54% 26.62%
Total Long-Term Liabilities $59.45M $53.48M
YoY Change 11.16% -17.14%
TOTAL LIABILITIES
Total Short-Term Liabilities $132.0M $120.0M
Total Long-Term Liabilities $59.45M $53.48M
Total Liabilities $201.5M $188.6M
YoY Change 6.83% -6.25%
SHAREHOLDERS EQUITY
Retained Earnings $905.9M $888.1M
YoY Change 2.0% 2.86%
Common Stock $244.3M $236.4M
YoY Change 3.32% 3.9%
Preferred Stock
YoY Change
Treasury Stock (at cost) $603.7M $532.0M
YoY Change 13.48% 24.34%
Treasury Stock Shares 26.33M shares 23.01M shares
Shareholders Equity $542.7M $602.7M
YoY Change
Total Liabilities & Shareholders Equity $744.2M $791.3M
YoY Change -5.95% -9.5%

Cashflow Statement

Concept 2015 Q1 2014 Q1
OPERATING ACTIVITIES
Net Income $3.317M $9.607M
YoY Change -65.47% 21.76%
Depreciation, Depletion And Amortization $3.728M $3.580M
YoY Change 4.13% -2.27%
Cash From Operating Activities $13.00M $9.900M
YoY Change 31.31% -62.28%
INVESTING ACTIVITIES
Capital Expenditures $2.442M $2.042M
YoY Change 19.59% 217.57%
Acquisitions
YoY Change
Other Investing Activities $13.50M $15.90M
YoY Change -15.09% -317.81%
Cash From Investing Activities $11.00M $13.80M
YoY Change -20.29% -272.22%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $3.035M $9.427M
YoY Change -67.81% -58.19%
Debt Paid & Issued, Net $16.50M
YoY Change
Cash From Financing Activities -7.600M -29.40M
YoY Change -74.15% 4.71%
NET CHANGE
Cash From Operating Activities 13.00M 9.900M
Cash From Investing Activities 11.00M 13.80M
Cash From Financing Activities -7.600M -29.40M
Net Change In Cash 16.40M -5.700M
YoY Change -387.72% -42.08%
FREE CASH FLOW
Cash From Operating Activities $13.00M $9.900M
Capital Expenditures $2.442M $2.042M
Free Cash Flow $10.56M $7.858M
YoY Change 34.36% -69.31%

Facts In Submission

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CY2014Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax
-847000
CY2014Q1 us-gaap Net Income Loss
NetIncomeLoss
9607000
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IncreaseDecreaseInAccountsReceivable
15971000
CY2014Q1 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
69214000
CY2014Q1 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
55000
CY2014Q1 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
275000
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ProceedsFromStockOptionsExercised
1541000
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AllocatedShareBasedCompensationExpenseNetOfTax
1773000
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DefinedBenefitPlanNetPeriodicBenefitCost
241000
CY2014Q1 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
590000
CY2014Q1 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax
2170000
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1323000
CY2014Q1 us-gaap Available For Sale Securities Gross Realized Losses
AvailableForSaleSecuritiesGrossRealizedLosses
36000
CY2014Q1 us-gaap Cash And Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashAndCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
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CY2014Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
402000
CY2014Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
252000
CY2014Q1 us-gaap Available For Sale Securities Gross Realized Gains
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2228000
CY2014Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2057000
CY2014Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
627000
CY2014Q1 us-gaap Deferred Tax Expense From Stock Options Exercised
DeferredTaxExpenseFromStockOptionsExercised
57000
CY2014Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
3580000
CY2014Q1 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
202000
CY2014Q1 us-gaap Interest Expense
InterestExpense
227000
CY2014Q1 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
32553000
CY2014Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
33939000
CY2014Q1 us-gaap Investment Income Amortization Of Premium
InvestmentIncomeAmortizationOfPremium
1135000
CY2014Q1 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
2019000
CY2014Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
600000
CY2014Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
5072000
CY2014Q1 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-29433000
CY2014Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
0
CY2014Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
-257000
CY2014Q1 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
1000
CY2014Q1 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
305000
CY2014Q1 us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
8431000
CY2014Q1 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
13849000
CY2014Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
11043000
CY2014Q1 us-gaap Noncash Or Part Noncash Acquisition Value Of Assets Acquired1
NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1
85000
CY2014Q1 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
85072000
CY2014Q1 us-gaap Share Based Compensation
ShareBasedCompensation
2057000
CY2014Q1 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
215000
CY2015Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.06
CY2015Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
2000 shares
CY2015Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P6Y1M10D
CY2015Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
16.58
CY2015Q1 dei Document Type
DocumentType
10-Q
CY2015Q1 dei Entity Registrant Name
EntityRegistrantName
ADTRAN INC
CY2015Q1 dei Trading Symbol
TradingSymbol
ADTN
CY2015Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
19000 shares
CY2015Q1 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
100000 shares
CY2015Q1 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2015Q1 us-gaap Derivative Term Of Contract
DerivativeTermOfContract
P12M
CY2015Q1 us-gaap Dividends Payable Date Declared Day Month And Year
DividendsPayableDateDeclaredDayMonthAndYear
2015-04-21
CY2015Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.398 pure
CY2015Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y8M12D
CY2015Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
220000 shares
CY2015Q1 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
13015000
CY2015Q1 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Upper Range Limit
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeUpperRangeLimit
22.53
CY2015Q1 us-gaap Dividend Payable Date To Be Paid Day Month And Year
DividendPayableDateToBePaidDayMonthAndYear
2015-05-21
CY2015Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
79000 shares
CY2015Q1 us-gaap Standard Product Warranty Description
StandardProductWarrantyDescription
90 days to ten years
CY2015Q1 us-gaap Use Of Estimates
UseOfEstimates
<div> <p style="MARGIN-BOTTOM: 0pt; WHITE-SPACE: normal; TEXT-TRANSFORM: none; WORD-SPACING: 0px; COLOR: rgb(0,0,0); FONT: 10pt 'Times New Roman'; WIDOWS: 1; MARGIN-TOP: 18pt; LETTER-SPACING: normal; TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px"> <i>Use of Estimates</i></p> <p style="MARGIN-BOTTOM: 0pt; WHITE-SPACE: normal; TEXT-TRANSFORM: none; WORD-SPACING: 0px; COLOR: rgb(0,0,0); FONT: 10pt 'Times New Roman'; WIDOWS: 1; MARGIN-TOP: 6pt; LETTER-SPACING: normal; TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px"> The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenue and expense during the reporting period. Our more significant estimates include the obsolete and excess inventory reserves, warranty reserves, customer rebates, determination of the deferred revenue components of multiple element sales agreements, estimated costs to complete obligations associated with deferred revenues, estimated income tax provision and income tax contingencies, the fair value of stock-based compensation, impairment of goodwill, valuation and estimated lives of intangible assets, estimated pension liability, fair value of investments, and the evaluation of other-than-temporary declines in the value of investments. Actual amounts could differ significantly from these estimates.</p> </div>
CY2015Q1 dei Document Period End Date
DocumentPeriodEndDate
2015-03-31
CY2015Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.09
CY2015Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P6Y2M5D
CY2015Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
27.19
CY2015Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
20.87
CY2015Q1 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
21.52
CY2015Q1 dei Amendment Flag
AmendmentFlag
false
CY2015Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2015Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2015
CY2015Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
53634000 shares
CY2015Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.06
CY2015Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P4Y8M27D
CY2015Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
22.56
CY2015Q1 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Lower Range Limit
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeLowerRangeLimit
15.29
CY2015Q1 dei Entity Central Index Key
EntityCentralIndexKey
0000926282
CY2015Q1 us-gaap Threshold Percentage Of Value Decline In Equity Securities To Be Considered Other Than Temporary Impairment
ThresholdPercentageOfValueDeclineInEquitySecuritiesToBeConsideredOtherThanTemporaryImpairment
0.25 pure
CY2015Q1 us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
15000 shares
CY2015Q1 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div> <p style="MARGIN-BOTTOM: 0pt; WHITE-SPACE: normal; TEXT-TRANSFORM: none; WORD-SPACING: 0px; COLOR: rgb(0,0,0); FONT: 10pt 'Times New Roman'; WIDOWS: 1; MARGIN-TOP: 18pt; LETTER-SPACING: normal; TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px"> <i>Changes in Classifications</i></p> <p style="MARGIN-BOTTOM: 0pt; WHITE-SPACE: normal; TEXT-TRANSFORM: none; WORD-SPACING: 0px; COLOR: rgb(0,0,0); FONT: 10pt 'Times New Roman'; WIDOWS: 1; MARGIN-TOP: 6pt; LETTER-SPACING: normal; TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px"> We reclassified $2.3 million from other receivables to accounts receivable at December&#xA0;31, 2014 to conform to the current period presentation.</p> </div>
CY2015Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2015Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
5600000 shares
CY2015Q1 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2015-05-07
CY2015Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 Segment
CY2015Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
53399000 shares
CY2015Q1 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
461000
CY2015Q1 us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
44584000
CY2015Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-3318000
CY2015Q1 us-gaap Gross Profit
GrossProfit
65563000
CY2015Q1 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-1958000
CY2015Q1 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
17000 shares
CY2015Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-3753000
CY2015Q1 us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
9000
CY2015Q1 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
180000
CY2015Q1 us-gaap Sales Revenue Net
SalesRevenueNet
142835000
CY2015Q1 us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
-4044000
CY2015Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
213000
CY2015Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
7784000
CY2015Q1 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-8000
CY2015Q1 us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
-105000
CY2015Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
4811000
CY2015Q1 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-503000
CY2015Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
1963000
CY2015Q1 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
261000
CY2015Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-436000
CY2015Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
2230000
CY2015Q1 us-gaap Investment Income Interest And Dividend
InvestmentIncomeInterestAndDividend
933000
CY2015Q1 us-gaap Investment Income Nonoperating
InvestmentIncomeNonoperating
3115000
CY2015Q1 us-gaap Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
-511000
CY2015Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
5510000
CY2015Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
3035000
CY2015Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-353000
CY2015Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2442000
CY2015Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax
-1161000
CY2015Q1 us-gaap Net Income Loss
NetIncomeLoss
3317000
CY2015Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
4571000
CY2015Q1 us-gaap Adjustments To Additional Paid In Capital Tax Effect From Share Based Compensation
AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation
8000
CY2015Q1 us-gaap Investment Income Amortization Of Premium
InvestmentIncomeAmortizationOfPremium
910000
CY2015Q1 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
192000
CY2015Q1 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
3035000
CY2015Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
500000
CY2015Q1 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax
2956000
CY2015Q1 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
1795000
CY2015Q1 us-gaap Available For Sale Securities Gross Realized Losses
AvailableForSaleSecuritiesGrossRealizedLosses
30000
CY2015Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
1360000
CY2015Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
-3318000
CY2015Q1 us-gaap Available For Sale Securities Gross Realized Gains
AvailableForSaleSecuritiesGrossRealizedGains
3145000
CY2015Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1639000
CY2015Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-692000
CY2015Q1 us-gaap Deferred Tax Expense From Stock Options Exercised
DeferredTaxExpenseFromStockOptionsExercised
8000
CY2015Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
3728000
CY2015Q1 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-2937000
CY2015Q1 us-gaap Interest Expense
InterestExpense
148000
CY2015Q1 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
32536000
CY2015Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
31064000
CY2015Q1 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
77272000
CY2015Q1 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
9000
CY2015Q1 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-524000
CY2015Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2193000
CY2015Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
4811000
CY2015Q1 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
3500000
CY2015Q1 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-7557000
CY2015Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
0
CY2015Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
-870000
CY2015Q1 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
340000
CY2015Q1 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2015Q1 us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
-282000
CY2015Q1 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
11049000
CY2015Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax
-68000
CY2015Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
280000
CY2015Q1 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
1459000
CY2015Q1 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
343000
CY2015Q1 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
291000
CY2015Q1 us-gaap Cash And Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashAndCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
16507000
CY2015Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
20084000
CY2015Q1 us-gaap Noncash Or Part Noncash Acquisition Value Of Assets Acquired1
NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1
784000
CY2015Q1 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
58075000
CY2015Q1 us-gaap Share Based Compensation
ShareBasedCompensation
1639000
CY2015Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
100000
CY2015Q1 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
159000
CY2015Q1 adtn Number Of Product Categories
NumberOfProductCategories
3 Product_Category
CY2015Q1 adtn Error Corrections Adjustments Increase In Other Expenses
ErrorCorrectionsAdjustmentsIncreaseInOtherExpenses
1300000
CY2015Q1 adtn Estimated Forfeitures For Stock Options
EstimatedForfeituresForStockOptions
0.031 pure
CY2015Q1 adtn Dividends Accrued For Unvested Restricted Stock Units
DividendsAccruedForUnvestedRestrictedStockUnits
11000
CY2015Q1 adtn Error Corrections And Reduction In Pre Tax Amount
ErrorCorrectionsAndReductionInPreTaxAmount
800000

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