2016 Q4 Form 10-Q Financial Statement
#000108622216000392 Filed on November 08, 2016
Income Statement
Concept | 2016 Q4 | 2016 Q3 | 2015 Q4 |
---|---|---|---|
Revenue | $616.1M | $584.1M | $579.2M |
YoY Change | 6.38% | 6.0% | 7.99% |
Cost Of Revenue | $203.5M | $204.5M | $193.2M |
YoY Change | 5.31% | 11.61% | 18.39% |
Gross Profit | $412.6M | $379.6M | $385.9M |
YoY Change | 6.92% | 3.2% | 3.44% |
Gross Profit Margin | 66.97% | 64.99% | 66.64% |
Selling, General & Admin | $217.4M | $215.9M | $202.8M |
YoY Change | 7.2% | 4.34% | 9.62% |
% of Gross Profit | 52.68% | 56.89% | 52.55% |
Research & Development | $46.80M | $42.34M | $37.70M |
YoY Change | 24.14% | 10.27% | 16.36% |
% of Gross Profit | 11.34% | 11.15% | 9.77% |
Depreciation & Amortization | $84.00M | $84.50M | $80.40M |
YoY Change | 4.48% | 12.97% | 18.58% |
% of Gross Profit | 20.36% | 22.26% | 20.83% |
Operating Expenses | $288.5M | $258.3M | $262.4M |
YoY Change | 9.95% | 5.27% | 10.76% |
Operating Profit | $124.1M | $111.8M | $123.5M |
YoY Change | 0.49% | -3.39% | -9.29% |
Interest Expense | -$500.0K | $4.666M | -$14.40M |
YoY Change | -96.53% | 0.78% | 19.01% |
% of Operating Profit | -0.4% | 4.17% | -11.66% |
Other Income/Expense, Net | $2.800M | $778.0K | $12.20M |
YoY Change | -77.05% | 281.37% | 23.23% |
Pretax Income | $125.8M | $111.7M | $120.5M |
YoY Change | 4.4% | -2.02% | -10.01% |
Income Tax | $34.20M | $35.69M | $32.10M |
% Of Pretax Income | 27.19% | 31.95% | 26.64% |
Net Earnings | $91.64M | $76.00M | $88.42M |
YoY Change | 3.64% | -13.68% | -8.95% |
Net Earnings / Revenue | 14.87% | 13.01% | 15.27% |
Basic Earnings Per Share | $0.53 | $0.44 | $0.50 |
Diluted Earnings Per Share | $0.52 | $0.43 | $0.49 |
COMMON SHARES | |||
Basic Shares Outstanding | 173.3M shares | 174.4M shares | 177.9M shares |
Diluted Shares Outstanding | 175.6M shares |
Balance Sheet
Concept | 2016 Q4 | 2016 Q3 | 2015 Q4 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $837.0M | $911.2M | $749.6M |
YoY Change | 11.66% | 36.43% | -1.15% |
Cash & Equivalents | $324.2M | $381.8M | $289.5M |
Short-Term Investments | $512.8M | $529.4M | $460.1M |
Other Short-Term Assets | $19.73M | $117.7M | $48.43M |
YoY Change | -59.26% | -33.58% | 3.75% |
Inventory | |||
Prepaid Expenses | $25.16M | $31.05M | |
Receivables | $368.6M | $358.0M | $380.4M |
Other Receivables | $0.00 | $0.00 | $0.00 |
Total Short-Term Assets | $1.310B | $1.387B | $1.253B |
YoY Change | 4.53% | 14.53% | -0.74% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $801.0M | $797.9M | $753.2M |
YoY Change | 6.35% | 8.63% | 25.2% |
Goodwill | $1.229B | $1.151B | $1.150B |
YoY Change | 6.8% | 1.38% | 9.41% |
Intangibles | $149.5M | $138.9M | $156.1M |
YoY Change | -4.25% | -12.65% | 17.89% |
Long-Term Investments | $779.3M | $767.7M | $774.7M |
YoY Change | 0.59% | -8.28% | -10.95% |
Other Assets | $95.95M | $89.82M | $89.60M |
YoY Change | 7.09% | -15.19% | 9.61% |
Total Long-Term Assets | $3.063B | $2.967B | $2.928B |
YoY Change | 4.6% | -0.24% | 6.92% |
TOTAL ASSETS | |||
Total Short-Term Assets | $1.310B | $1.387B | $1.253B |
Total Long-Term Assets | $3.063B | $2.967B | $2.928B |
Total Assets | $4.373B | $4.354B | $4.182B |
YoY Change | 4.58% | 4.03% | 4.5% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $76.12M | $74.33M | $61.98M |
YoY Change | 22.81% | 22.05% | -19.93% |
Accrued Expenses | $238.8M | $291.1M | $216.2M |
YoY Change | 10.46% | 35.21% | 5.61% |
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 | $374.6M | $431.5M | $332.4M |
YoY Change | 12.68% | 29.98% | -0.47% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $640.1M | $634.5M | $618.0M |
YoY Change | 3.58% | 2.44% | 2.17% |
Other Long-Term Liabilities | $118.7M | $105.6M | $93.27M |
YoY Change | 27.26% | 13.11% | 25.66% |
Total Long-Term Liabilities | $118.7M | $105.6M | $93.27M |
YoY Change | 27.26% | 13.11% | 25.66% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $374.6M | $431.5M | $332.4M |
Total Long-Term Liabilities | $118.7M | $105.6M | $93.27M |
Total Liabilities | $1.149B | $1.185B | $1.061B |
YoY Change | 8.29% | 7.78% | 0.44% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$960.7M | -$1.052B | -$1.277B |
YoY Change | -24.76% | -22.92% | -20.11% |
Common Stock | $1.733M | $1.794M | $1.772M |
YoY Change | -2.2% | -0.94% | -0.62% |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | $0.00 | $294.9M | $0.00 |
YoY Change | 45.67% | ||
Treasury Stock Shares | 0.000 shares | 5.736M shares | 0.000 shares |
Shareholders Equity | $3.270B | $3.169B | $3.163B |
YoY Change | |||
Total Liabilities & Shareholders Equity | $4.373B | $4.354B | $4.182B |
YoY Change | 4.58% | 4.03% | 4.5% |
Cashflow Statement
Concept | 2016 Q4 | 2016 Q3 | 2015 Q4 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | $91.64M | $76.00M | $88.42M |
YoY Change | 3.64% | -13.68% | -8.95% |
Depreciation, Depletion And Amortization | $84.00M | $84.50M | $80.40M |
YoY Change | 4.48% | 12.97% | 18.58% |
Cash From Operating Activities | $184.2M | $251.9M | $247.1M |
YoY Change | -25.46% | 37.95% | 26.33% |
INVESTING ACTIVITIES | |||
Capital Expenditures | -$75.90M | -$79.90M | -$78.90M |
YoY Change | -3.8% | -39.92% | -14.52% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | -$88.70M | -$30.60M | -$8.100M |
YoY Change | 995.06% | -263.64% | -81.63% |
Cash From Investing Activities | -$164.7M | -$110.5M | -$86.90M |
YoY Change | 89.53% | -3.49% | -36.29% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | -68.70M | -86.10M | -124.5M |
YoY Change | -44.82% | 32.26% | 320.61% |
NET CHANGE | |||
Cash From Operating Activities | 184.2M | 251.9M | 247.1M |
Cash From Investing Activities | -164.7M | -110.5M | -86.90M |
Cash From Financing Activities | -68.70M | -86.10M | -124.5M |
Net Change In Cash | -49.20M | 55.30M | 35.70M |
YoY Change | -237.82% | 1743.33% | 20.61% |
FREE CASH FLOW | |||
Cash From Operating Activities | $184.2M | $251.9M | $247.1M |
Capital Expenditures | -$75.90M | -$79.90M | -$78.90M |
Free Cash Flow | $260.1M | $331.8M | $326.0M |
YoY Change | -20.21% | 5.13% | 13.23% |
Facts In Submission
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10400000 | USD | |
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8789000 | USD |
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2016 | ||
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2016-09-30 | ||
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us-gaap |
Costs And Expenses
CostsAndExpenses
|
1274819000 | USD | |
CY2016Q3 | us-gaap |
Costs And Expenses
CostsAndExpenses
|
472300000 | USD |
us-gaap |
Costs And Expenses
CostsAndExpenses
|
1387861000 | USD | |
CY2014Q1 | us-gaap |
Debt Instrument Convertible Conversion Price1
DebtInstrumentConvertibleConversionPrice1
|
89.56 | |
CY2014Q1 | us-gaap |
Debt Instrument Convertible Conversion Ratio1
DebtInstrumentConvertibleConversionRatio1
|
0.0111651 | |
CY2014Q1 | us-gaap |
Debt Instrument Convertible Threshold Consecutive Trading Days
DebtInstrumentConvertibleThresholdConsecutiveTradingDays
|
P30D | |
CY2014Q1 | us-gaap |
Debt Instrument Convertible Threshold Percentage Of Stock Price Trigger
DebtInstrumentConvertibleThresholdPercentageOfStockPriceTrigger
|
1.3 | |
CY2014Q1 | us-gaap |
Debt Instrument Convertible Threshold Trading Days
DebtInstrumentConvertibleThresholdTradingDays
|
20 | D |
CY2015Q4 | us-gaap |
Debt Instrument Face Amount
DebtInstrumentFaceAmount
|
690000000 | USD |
CY2016Q3 | us-gaap |
Debt Instrument Face Amount
DebtInstrumentFaceAmount
|
690000000 | USD |
CY2014Q1 | us-gaap |
Debt Instrument Face Amount
DebtInstrumentFaceAmount
|
690000000 | USD |
CY2014Q1 | us-gaap |
Debt Instrument Interest Rate Effective Percentage
DebtInstrumentInterestRateEffectivePercentage
|
0.032 | |
CY2015Q4 | us-gaap |
Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
|
71953000 | USD |
CY2016Q3 | us-gaap |
Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
|
55496000 | USD |
us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-17941000 | USD | |
us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-13861000 | USD | |
CY2015Q4 | us-gaap |
Deferred Revenue Current
DeferredRevenueCurrent
|
54154000 | USD |
CY2016Q3 | us-gaap |
Deferred Revenue Current
DeferredRevenueCurrent
|
61292000 | USD |
CY2015Q4 | us-gaap |
Deferred Revenue Noncurrent
DeferredRevenueNoncurrent
|
4163000 | USD |
CY2016Q3 | us-gaap |
Deferred Revenue Noncurrent
DeferredRevenueNoncurrent
|
4134000 | USD |
CY2015Q4 | us-gaap |
Deferred Tax Assets Net Noncurrent
DeferredTaxAssetsNetNoncurrent
|
4700000 | USD |
CY2016Q3 | us-gaap |
Deferred Tax Assets Net Noncurrent
DeferredTaxAssetsNetNoncurrent
|
21156000 | USD |
CY2015Q4 | us-gaap |
Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
|
12888000 | USD |
CY2016Q3 | us-gaap |
Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
|
8963000 | USD |
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
219234000 | USD | |
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
250294000 | USD | |
CY2015Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.49 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
1.30 | ||
CY2016Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.44 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
1.28 | ||
CY2015Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.49 | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
1.29 | ||
CY2016Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.43 | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
1.27 | ||
us-gaap |
Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
|
-7339000 | USD | |
us-gaap |
Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
|
535000 | USD | |
us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.307 | ||
us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.327 | ||
us-gaap |
Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
|
13133000 | USD | |
us-gaap |
Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
|
17086000 | USD | |
CY2015Q3 | us-gaap |
Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
|
11218000 | USD |
us-gaap |
Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
|
33325000 | USD | |
CY2016Q3 | us-gaap |
Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
|
11664000 | USD |
us-gaap |
Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
|
36185000 | USD | |
us-gaap |
Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
|
24851000 | USD | |
us-gaap |
Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
|
3080000 | USD | |
us-gaap |
Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
|
24851000 | USD | |
us-gaap |
Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
|
3080000 | USD | |
CY2015Q4 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
167136000 | USD |
CY2016Q3 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
165162000 | USD |
CY2016Q3 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
|
6600000 | USD |
CY2016Q3 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
|
18100000 | USD |
CY2016Q3 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
|
22100000 | USD |
CY2016Q3 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
|
24100000 | USD |
CY2016Q3 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
|
28200000 | USD |
CY2015Q4 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
323231000 | USD |
CY2016Q3 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
304032000 | USD |
CY2015Q4 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
156095000 | USD |
CY2016Q3 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
138870000 | USD |
CY2015Q3 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
99543000 | USD |
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
288287000 | USD | |
CY2016Q3 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
113320000 | USD |
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
323141000 | USD | |
CY2015Q4 | us-gaap |
Goodwill
Goodwill
|
1150244000 | USD |
CY2016Q3 | us-gaap |
Goodwill
Goodwill
|
1151216000 | USD |
us-gaap |
Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
|
-107000 | USD | |
CY2015Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
113986000 | USD |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
336149000 | USD | |
CY2016Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
111686000 | USD |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
333632000 | USD | |
CY2015Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
25946000 | USD |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
103163000 | USD | |
CY2016Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
35686000 | USD |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
109139000 | USD | |
us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
47045000 | USD | |
us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
64716000 | USD | |
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
26098000 | USD | |
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
54892000 | USD | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
40707000 | USD | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-22477000 | USD | |
us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
6908000 | USD | |
us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
6885000 | USD | |
us-gaap |
Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
|
-18247000 | USD | |
us-gaap |
Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
|
-6097000 | USD | |
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-16119000 | USD | |
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-4014000 | USD | |
us-gaap |
Increase Decrease In Restructuring Reserve
IncreaseDecreaseInRestructuringReserve
|
146000 | USD | |
us-gaap |
Increase Decrease In Restructuring Reserve
IncreaseDecreaseInRestructuringReserve
|
4670000 | USD | |
CY2015Q3 | us-gaap |
Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
|
0 | shares |
us-gaap |
Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
|
0 | shares | |
CY2016Q3 | us-gaap |
Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
|
0 | shares |
us-gaap |
Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
|
0 | shares | |
CY2015Q3 | us-gaap |
Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
|
0 | shares |
us-gaap |
Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
|
0 | shares | |
CY2016Q3 | us-gaap |
Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
|
0 | shares |
us-gaap |
Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
|
0 | shares | |
CY2015Q4 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
156095000 | USD |
CY2016Q3 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
138870000 | USD |
CY2015Q3 | us-gaap |
Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
|
714000 | USD |
us-gaap |
Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
|
2008000 | USD | |
CY2016Q3 | us-gaap |
Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
|
868000 | USD |
us-gaap |
Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
|
2499000 | USD | |
CY2015Q3 | us-gaap |
Interest Costs Incurred
InterestCostsIncurred
|
5344000 | USD |
us-gaap |
Interest Costs Incurred
InterestCostsIncurred
|
15892000 | USD | |
CY2016Q3 | us-gaap |
Interest Costs Incurred
InterestCostsIncurred
|
5534000 | USD |
us-gaap |
Interest Costs Incurred
InterestCostsIncurred
|
16457000 | USD | |
CY2015Q3 | us-gaap |
Interest Expense
InterestExpense
|
4630000 | USD |
us-gaap |
Interest Expense
InterestExpense
|
13884000 | USD | |
CY2016Q3 | us-gaap |
Interest Expense
InterestExpense
|
4666000 | USD |
us-gaap |
Interest Expense
InterestExpense
|
13958000 | USD | |
CY2015Q3 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
2723000 | USD |
us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
8265000 | USD | |
CY2016Q3 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
3809000 | USD |
us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
10522000 | USD | |
CY2015Q4 | us-gaap |
Liabilities
Liabilities
|
1060806000 | USD |
CY2016Q3 | us-gaap |
Liabilities
Liabilities
|
1184704000 | USD |
CY2015Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
4181684000 | USD |
CY2016Q3 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
4353635000 | USD |
CY2015Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
332440000 | USD |
CY2016Q3 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
431536000 | USD |
CY2016Q3 | us-gaap |
Long Term Debt Fair Value
LongTermDebtFairValue
|
676600000 | USD |
CY2016Q2 | us-gaap |
Loss Contingency Loss In Period
LossContingencyLossInPeriod
|
700000 | USD |
CY2015Q4 | us-gaap |
Marketable Securities Noncurrent
MarketableSecuritiesNoncurrent
|
774674000 | USD |
CY2016Q3 | us-gaap |
Marketable Securities Noncurrent
MarketableSecuritiesNoncurrent
|
767691000 | USD |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-172508000 | USD | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-288008000 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-348692000 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-304707000 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
546360000 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
684510000 | USD | |
CY2015Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
88040000 | USD |
us-gaap |
Net Income Loss
NetIncomeLoss
|
232986000 | USD | |
CY2016Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
76000000 | USD |
us-gaap |
Net Income Loss
NetIncomeLoss
|
224493000 | USD | |
us-gaap |
Number Of Operating Segments
NumberOfOperatingSegments
|
1 | segment | |
CY2015Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
115689000 | USD |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
343470000 | USD | |
CY2016Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
111765000 | USD |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
336064000 | USD | |
CY2015Q4 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
89603000 | USD |
CY2016Q3 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
89815000 | USD |
CY2015Q3 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-9261000 | USD |
us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-17069000 | USD | |
CY2016Q3 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-358000 | USD |
us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
5567000 | USD | |
CY2015Q3 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-9140000 | USD |
us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-15908000 | USD | |
CY2016Q3 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-1846000 | USD |
us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
7991000 | USD | |
CY2015Q3 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
121000 | USD |
us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
1161000 | USD | |
CY2016Q3 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
-1488000 | USD |
us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
2424000 | USD | |
CY2015Q3 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
|
73000 | USD |
us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
|
647000 | USD | |
CY2016Q3 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
|
-866000 | USD |
us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
|
1445000 | USD | |
CY2015Q4 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
138000 | USD |
CY2016Q3 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
4815000 | USD |
CY2015Q4 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
93268000 | USD |
CY2016Q3 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
105567000 | USD |
CY2015Q3 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
204000 | USD |
us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-1702000 | USD | |
CY2016Q3 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
778000 | USD |
us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
1004000 | USD | |
CY2014Q1 | us-gaap |
Payments For Hedge Financing Activities
PaymentsForHedgeFinancingActivities
|
101300000 | USD |
us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
3037000 | USD | |
us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
3145000 | USD | |
CY2014Q1 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
62000000 | USD |
us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
202426000 | USD | |
us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
294867000 | USD | |
us-gaap |
Payments For Software
PaymentsForSoftware
|
103742000 | USD | |
us-gaap |
Payments For Software
PaymentsForSoftware
|
105477000 | USD | |
us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
47171000 | USD | |
us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
38560000 | USD | |
us-gaap |
Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
|
584189000 | USD | |
us-gaap |
Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
|
614808000 | USD | |
us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
122445000 | USD | |
us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
2936000 | USD | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
262404000 | USD | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
134874000 | USD | |
CY2015Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.01 | |
CY2016Q3 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.01 | |
CY2015Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
5000000 | shares |
CY2016Q3 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
5000000 | shares |
CY2015Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2016Q3 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2015Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
CY2016Q3 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
CY2015Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
0 | USD |
CY2016Q3 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
0 | USD |
CY2015Q4 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
123228000 | USD |
CY2016Q3 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
117748000 | USD |
us-gaap |
Proceeds From Income Tax Refunds
ProceedsFromIncomeTaxRefunds
|
19285000 | USD | |
us-gaap |
Proceeds From Income Tax Refunds
ProceedsFromIncomeTaxRefunds
|
1582000 | USD | |
us-gaap |
Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
|
54288000 | USD | |
us-gaap |
Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
|
42339000 | USD | |
CY2014Q1 | us-gaap |
Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
|
78000000 | USD |
us-gaap |
Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
|
725117000 | USD | |
us-gaap |
Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
|
498633000 | USD | |
us-gaap |
Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
|
-2050000 | USD | |
us-gaap |
Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
|
0 | USD | |
us-gaap |
Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
|
2008000 | USD | |
us-gaap |
Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
|
57900000 | USD | |
CY2015Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
753180000 | USD |
CY2016Q3 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
797923000 | USD |
CY2015Q3 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
38396000 | USD |
us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
110917000 | USD | |
CY2016Q3 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
42341000 | USD |
us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
120873000 | USD | |
CY2015Q3 | us-gaap |
Restructuring Charges
RestructuringCharges
|
20000 | USD |
us-gaap |
Restructuring Charges
RestructuringCharges
|
517000 | USD | |
CY2016Q3 | us-gaap |
Restructuring Charges
RestructuringCharges
|
2948000 | USD |
us-gaap |
Restructuring Charges
RestructuringCharges
|
10236000 | USD | |
CY2015Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-1276861000 | USD |
CY2016Q3 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-1052368000 | USD |
CY2015Q3 | us-gaap |
Revenues
Revenues
|
551030000 | USD |
us-gaap |
Revenues
Revenues
|
1618289000 | USD | |
CY2016Q3 | us-gaap |
Revenues
Revenues
|
584065000 | USD |
us-gaap |
Revenues
Revenues
|
1723925000 | USD | |
CY2015Q3 | us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
107426000 | USD |
us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
322406000 | USD | |
CY2016Q3 | us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
102626000 | USD |
us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
308060000 | USD | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
92966000 | USD | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
105304000 | USD | |
CY2016Q3 | us-gaap |
Share Price
SharePrice
|
52.99 | |
CY2013Q4 | us-gaap |
Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
|
750000000.0 | USD |
CY2016Q1 | us-gaap |
Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
|
1000000000.0 | USD |
CY2015Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
3120878000 | USD |
CY2016Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
3168931000 | USD |
CY2015Q4 | us-gaap |
Treasury Stock Shares
TreasuryStockShares
|
0 | shares |
CY2016Q3 | us-gaap |
Treasury Stock Shares
TreasuryStockShares
|
5735975 | shares |
CY2015Q4 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
0 | USD |
CY2016Q3 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
294867000 | USD |
CY2015Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
180364000 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
180642000 | shares | |
CY2016Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
175617000 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
176525000 | shares | |
CY2015Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
178547000 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
178591000 | shares | |
CY2016Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
174429000 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
175444000 | shares | |
us-gaap |
Loss Contingency Disclosures
LossContingencyDisclosures
|
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Commitments and Contingencies</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Commitments</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;"></font><font style="font-family:inherit;font-size:10pt;">In November 2016, the Company executed a lease for new headquarters space in Cambridge, Massachusetts. The lease is for approximately </font><font style="font-family:inherit;font-size:10pt;">480,000</font><font style="font-family:inherit;font-size:10pt;"> square feet and is expected to commence at the termination of the Company's current leases in Cambridge, the majority of which expire on December 31, 2019. The initial lease term is </font><font style="font-family:inherit;font-size:10pt;">15</font><font style="font-family:inherit;font-size:10pt;"> years. In addition to the new lease, the Company also executed an arrangement obligating it to lease at least </font><font style="font-family:inherit;font-size:10pt;">150,000</font><font style="font-family:inherit;font-size:10pt;"> square feet of additional space in Cambridge. The total minimum obligation under these arrangements is </font><font style="font-family:inherit;font-size:10pt;">$698.4 million</font><font style="font-family:inherit;font-size:10pt;">. For the year ended December 31, 2020, the Company's minimum obligation is </font><font style="font-family:inherit;font-size:10pt;">$42.2 million</font><font style="font-family:inherit;font-size:10pt;">.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Contingencies</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">During the three months ended June 30, 2016, the Company completed an internal investigation, with the assistance of outside counsel, relating to improper sales practices by a former employee. The internal investigation included a review of compliance with the requirements of the U.S. Foreign Corrupt Practices Act ("FCPA") and other applicable laws and regulations. In February 2015, the Company voluntarily contacted the Commission and Department of Justice to advise both agencies of this internal investigation. In June 2016, the Company signed a non-prosecution agreement with the Commission and agreed to disgorge </font><font style="font-family:inherit;font-size:10pt;">$0.7 million</font><font style="font-family:inherit;font-size:10pt;"> to resolve this matter, including interest. </font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-style:italic;"></font><font style="font-family:inherit;font-size:10pt;">In July 2016, as part of the resolution of a patent infringement lawsuit filed by the Company against Limelight Networks, Inc. (“Limelight”) in 2006, the Company agreed to license to Limelight technology covered by certain of the Company’s patents.  The terms of the agreement require Limelight to pay the Company </font><font style="font-family:inherit;font-size:10pt;">$54.0 million</font><font style="font-family:inherit;font-size:10pt;"> in </font><font style="font-family:inherit;font-size:10pt;">12</font><font style="font-family:inherit;font-size:10pt;"> equal installments over </font><font style="font-family:inherit;font-size:10pt;">three years</font><font style="font-family:inherit;font-size:10pt;">, beginning in August 2016. During the third quarter of 2016, the Company received the first installment of </font><font style="font-family:inherit;font-size:10pt;">$4.5 million</font><font style="font-family:inherit;font-size:10pt;">, which was recorded as a reduction to general and administrative expenses in the consolidated statement of income, with an insignificant amount recorded as interest income.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In November 2015, Limelight filed a complaint in the U.S. District Court for the Eastern District of Virginia against the Company and XO Communications LLC (“XO”), alleging patent infringement by the </font><font style="font-family:inherit;font-size:10pt;">two</font><font style="font-family:inherit;font-size:10pt;"> companies.  The complaint alleges that the Company and XO infringed </font><font style="font-family:inherit;font-size:10pt;">six</font><font style="font-family:inherit;font-size:10pt;"> of Limelight’s content delivery patents.  The complaint seeks to recover from the Company and XO monetary damages based upon lost revenue due to infringing technology used by the companies.  The Company has made counterclaims in the action against Limelight alleging that Limelight has infringed five of the Company’s content delivery patents, and the Company is seeking monetary damages based upon lost revenue due to the infringing technology used by Limelight.  The case is scheduled for trial in January 2017.  </font><font style="font-family:inherit;font-size:10pt;">No</font><font style="font-family:inherit;font-size:10pt;"> provision with respect to this matter has been made in the Company’s consolidated financial statements.  An estimate of the possible loss or range of loss cannot be made.</font></div></div> |