2015 Q4 Form 10-Q Financial Statement

#000159653215000176 Filed on November 06, 2015

View on sec.gov

Income Statement

Concept 2015 Q4 2015 Q3 2014 Q3
Revenue $245.4M $217.5M $155.5M
YoY Change 41.48% 39.94% 52.98%
Cost Of Revenue $89.28M $75.80M $54.51M
YoY Change 56.49% 39.07% 48.97%
Gross Profit $156.2M $141.7M $101.0M
YoY Change 34.12% 40.4% 55.23%
Gross Profit Margin 63.63% 65.16% 64.94%
Selling, General & Admin $49.36M $51.70M $30.85M
YoY Change 49.14% 67.58% 56.09%
% of Gross Profit 31.61% 36.48% 30.56%
Research & Development $57.41M $58.75M $36.23M
YoY Change 29.47% 62.15% 36.03%
% of Gross Profit 36.76% 41.45% 35.89%
Depreciation & Amortization $4.000M $3.400M $2.700M
YoY Change 53.85% 25.93% 170.0%
% of Gross Profit 2.56% 2.4% 2.67%
Operating Expenses $106.8M $110.5M $67.08M
YoY Change 37.88% 64.65% 44.58%
Operating Profit $49.40M $31.30M $33.87M
YoY Change 26.65% -7.61% 81.77%
Interest Expense -$700.0K -$800.0K -$800.0K
YoY Change -12.5% 0.0% -55.56%
% of Operating Profit -1.42% -2.56% -2.36%
Other Income/Expense, Net -$855.0K -$740.0K -$1.588M
YoY Change -6.96% -53.4% -12.75%
Pretax Income $48.54M $30.56M $32.29M
YoY Change 27.46% -5.36% 92.0%
Income Tax $4.618M $1.867M $10.42M
% Of Pretax Income 9.51% 6.11% 32.27%
Net Earnings $43.92M $28.69M $21.87M
YoY Change 41.52% 31.21% 84.43%
Net Earnings / Revenue 17.9% 13.19% 14.07%
Basic Earnings Per Share $0.65 $0.42 $0.34
Diluted Earnings Per Share $0.60 $0.39 $0.30
COMMON SHARES
Basic Shares Outstanding 67.76M shares 66.63M shares 62.40M shares
Diluted Shares Outstanding 71.89M shares 69.74M shares

Balance Sheet

Concept 2015 Q4 2015 Q3 2014 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $687.3M $568.6M $408.6M
YoY Change 52.92% 39.16% 240.5%
Cash & Equivalents $687.3M $418.5M $408.6M
Short-Term Investments $0.00 $150.1M
Other Short-Term Assets $29.27M $36.77M $25.10M
YoY Change 154.26% 46.47% 22.44%
Inventory $92.13M $109.9M $62.59M
Prepaid Expenses
Receivables $144.3M $160.2M $84.06M
Other Receivables $0.00 $0.00 $8.000M
Total Short-Term Assets $974.3M $921.1M $588.4M
YoY Change 43.39% 56.56% 124.39%
LONG-TERM ASSETS
Property, Plant & Equipment $79.71M $75.25M $66.99M
YoY Change 11.39% 12.33% 1.35%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $36.60M $36.60M
YoY Change 0.0%
Other Assets $20.79M $20.86M $27.56M
YoY Change 75.6% -24.3% 190.09%
Total Long-Term Assets $185.6M $151.8M $103.5M
YoY Change 41.06% 46.61% 36.95%
TOTAL ASSETS
Total Short-Term Assets $974.3M $921.1M $588.4M
Total Long-Term Assets $185.6M $151.8M $103.5M
Total Assets $1.160B $1.073B $691.9M
YoY Change 43.02% 55.07% 104.82%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $43.97M $31.49M $19.85M
YoY Change 35.58% 58.66% -27.31%
Accrued Expenses $60.97M $58.98M $32.25M
YoY Change 51.03% 82.9% 22.61%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $1.300M $1.300M
YoY Change
Total Short-Term Liabilities $235.0M $225.0M $101.8M
YoY Change 62.78% 121.0% 7.38%
LONG-TERM LIABILITIES
Long-Term Debt $41.20M $41.60M $42.80M
YoY Change -3.06% -2.8% -69.69%
Other Long-Term Liabilities $6.698M $6.011M $39.31M
YoY Change 34.47% -84.71% -14.72%
Total Long-Term Liabilities $6.698M $6.011M $39.31M
YoY Change 34.47% -84.71% -79.01%
TOTAL LIABILITIES
Total Short-Term Liabilities $235.0M $225.0M $101.8M
Total Long-Term Liabilities $6.698M $6.011M $39.31M
Total Liabilities $371.7M $349.7M $199.0M
YoY Change 45.57% 75.77% -29.47%
SHAREHOLDERS EQUITY
Retained Earnings $250.9M $207.0M $98.78M
YoY Change 93.29% 109.55%
Common Stock $7.000K $7.000K $7.000K
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $788.2M $723.2M $492.9M
YoY Change
Total Liabilities & Shareholders Equity $1.160B $1.073B $691.9M
YoY Change 43.02% 55.07% 104.82%

Cashflow Statement

Concept 2015 Q4 2015 Q3 2014 Q3
OPERATING ACTIVITIES
Net Income $43.92M $28.69M $21.87M
YoY Change 41.52% 31.21% 84.43%
Depreciation, Depletion And Amortization $4.000M $3.400M $2.700M
YoY Change 53.85% 25.93% 170.0%
Cash From Operating Activities $153.8M $10.60M $34.80M
YoY Change 363.25% -69.54% 9.09%
INVESTING ACTIVITIES
Capital Expenditures -$6.000M -$5.200M -$2.200M
YoY Change 160.87% 136.36% -33.33%
Acquisitions
YoY Change
Other Investing Activities $150.8M $54.10M -$19.40M
YoY Change -168.3% -378.87%
Cash From Investing Activities $144.8M $48.90M -$21.70M
YoY Change -164.87% -325.35% 557.58%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -29.40M 16.30M -1.600M
YoY Change -236.74% -1118.75% -300.0%
NET CHANGE
Cash From Operating Activities 153.8M 10.60M 34.80M
Cash From Investing Activities 144.8M 48.90M -21.70M
Cash From Financing Activities -29.40M 16.30M -1.600M
Net Change In Cash 269.2M 75.80M 11.50M
YoY Change -259.76% 559.13% -60.88%
FREE CASH FLOW
Cash From Operating Activities $153.8M $10.60M $34.80M
Capital Expenditures -$6.000M -$5.200M -$2.200M
Free Cash Flow $159.8M $15.80M $37.00M
YoY Change 350.14% -57.3% 5.11%

Facts In Submission

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CY2015Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
30557000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
97467000 USD
CY2014Q3 us-gaap Income Tax Expense Benefit
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10420000 USD
us-gaap Income Tax Expense Benefit
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27612000 USD
CY2015Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1867000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
20289000 USD
us-gaap Income Taxes Paid
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27596000 USD
us-gaap Income Taxes Paid
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3806000 USD
us-gaap Increase Decrease In Accounts Payable
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5600000 USD
us-gaap Increase Decrease In Accounts Payable
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-145000 USD
us-gaap Increase Decrease In Accounts Receivable
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6657000 USD
us-gaap Increase Decrease In Accounts Receivable
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63898000 USD
us-gaap Increase Decrease In Accrued Income Taxes Payable
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501000 USD
us-gaap Increase Decrease In Accrued Income Taxes Payable
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24759000 USD
us-gaap Increase Decrease In Accrued Liabilities
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7733000 USD
us-gaap Increase Decrease In Accrued Liabilities
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18102000 USD
us-gaap Increase Decrease In Deferred Revenue
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18787000 USD
us-gaap Increase Decrease In Deferred Revenue
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84238000 USD
us-gaap Increase Decrease In Interest Payable Net
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-1630000 USD
us-gaap Increase Decrease In Interest Payable Net
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0 USD
us-gaap Increase Decrease In Inventories
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-4507000 USD
us-gaap Increase Decrease In Inventories
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31915000 USD
us-gaap Increase Decrease In Other Noncurrent Assets
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2142000 USD
us-gaap Increase Decrease In Other Noncurrent Assets
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3092000 USD
us-gaap Increase Decrease In Other Operating Liabilities
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1165000 USD
us-gaap Increase Decrease In Other Operating Liabilities
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1980000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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8755000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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19352000 USD
us-gaap Increase Decrease In Restricted Cash
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-4040000 USD
us-gaap Increase Decrease In Restricted Cash
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4039000 USD
CY2014Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
7161000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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5795000 shares
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IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
5163000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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5529000 shares
CY2014Q3 us-gaap Interest Expense Related Party
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0 USD
us-gaap Interest Expense Related Party
InterestExpenseRelatedParty
782000 USD
CY2015Q3 us-gaap Interest Expense Related Party
InterestExpenseRelatedParty
0 USD
us-gaap Interest Expense Related Party
InterestExpenseRelatedParty
0 USD
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60912000 USD
CY2015Q3 us-gaap Inventory Finished Goods Net Of Reserves
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70001000 USD
CY2014Q4 us-gaap Inventory Net
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78006000 USD
CY2015Q3 us-gaap Inventory Net
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109921000 USD
CY2014Q4 us-gaap Inventory Raw Materials Net Of Reserves
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17094000 USD
CY2015Q3 us-gaap Inventory Raw Materials Net Of Reserves
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39920000 USD
us-gaap Investment Income Amortization Of Premium
InvestmentIncomeAmortizationOfPremium
0 USD
us-gaap Investment Income Amortization Of Premium
InvestmentIncomeAmortizationOfPremium
1332000 USD
CY2014Q3 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
800000 USD
us-gaap Lease And Rental Expense
LeaseAndRentalExpense
2500000 USD
CY2015Q3 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
2000000 USD
us-gaap Lease And Rental Expense
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4700000 USD
CY2014Q4 us-gaap Liabilities
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255365000 USD
CY2015Q3 us-gaap Liabilities
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349718000 USD
CY2014Q4 us-gaap Liabilities And Stockholders Equity
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811023000 USD
CY2015Q3 us-gaap Liabilities And Stockholders Equity
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1072892000 USD
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144373000 USD
CY2015Q3 us-gaap Liabilities Current
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224966000 USD
CY2014Q4 us-gaap Long Term Investments And Receivables Net
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36636000 USD
CY2015Q3 us-gaap Long Term Investments And Receivables Net
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36636000 USD
us-gaap Net Cash Provided By Used In Financing Activities
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222508000 USD
us-gaap Net Cash Provided By Used In Financing Activities
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55270000 USD
us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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39444000 USD
us-gaap Net Cash Provided By Used In Operating Activities
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98704000 USD
us-gaap Net Cash Provided By Used In Operating Activities
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84022000 USD
CY2014Q3 us-gaap Net Income Loss
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21866000 USD
us-gaap Net Income Loss
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55813000 USD
CY2015Q3 us-gaap Net Income Loss
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28690000 USD
us-gaap Net Income Loss
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77178000 USD
CY2014Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
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21185000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
40556000 USD
CY2015Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
28301000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
75864000 USD
CY2014Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
21255000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
41909000 USD
CY2015Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
28329000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
75967000 USD
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us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
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CY2015Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-740000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-2444000 USD
us-gaap Number Of Reportable Segments
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1 segment
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans
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0 USD
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans
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9366000 USD
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67083000 USD
us-gaap Operating Expenses
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189140000 USD
us-gaap Proceeds From Sale And Maturity Of Marketable Securities
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0 USD
CY2015Q3 us-gaap Operating Expenses
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110451000 USD
us-gaap Operating Expenses
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287481000 USD
CY2014Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
33874000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
86511000 USD
CY2015Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
31297000 USD
us-gaap Operating Income Loss
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99911000 USD
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1396000 USD
CY2015Q3 us-gaap Other Accrued Liabilities Current
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2196000 USD
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CY2015Q3 us-gaap Other Assets Current
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36765000 USD
CY2014Q4 us-gaap Other Assets Noncurrent
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11840000 USD
CY2015Q3 us-gaap Other Assets Noncurrent
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20861000 USD
CY2014Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
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us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-84000 USD
CY2015Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
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us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-320000 USD
CY2014Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
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us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
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CY2015Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
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us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-97000 USD
CY2014Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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0 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
0 USD
CY2015Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-39000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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223000 USD
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11249000 USD
CY2015Q3 us-gaap Other Liabilities Current
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9760000 USD
CY2014Q4 us-gaap Other Liabilities Noncurrent
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4981000 USD
CY2015Q3 us-gaap Other Liabilities Noncurrent
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6011000 USD
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OtherNonoperatingIncomeExpense
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us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
2426000 USD
CY2015Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
13000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
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6058000 USD
CY2015Q3 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
7002000 USD
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2445000 USD
CY2015Q3 us-gaap Other Sundry Liabilities Current
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1402000 USD
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
0 USD
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
261000 USD
us-gaap Payments To Acquire Intangible Assets
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4451000 USD
us-gaap Payments To Acquire Intangible Assets
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743000 USD
us-gaap Payments To Acquire Investments
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15000000 USD
us-gaap Payments To Acquire Investments
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0 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
10789000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
13974000 USD
CY2014Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2015Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2014Q4 us-gaap Preferred Stock Shares Authorized
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100000000 shares
CY2015Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
100000000 shares
CY2014Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2015Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2014Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2015Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2014Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2015Q3 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
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42782000 USD
CY2015Q3 us-gaap Prepaid Expense And Other Assets Current
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62135000 USD
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25212000 USD
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18368000 USD
us-gaap Proceeds From Sale And Maturity Of Marketable Securities
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58200000 USD
us-gaap Proceeds From Stock Options Exercised
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2578000 USD
us-gaap Proceeds From Stock Options Exercised
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14562000 USD
CY2013Q4 us-gaap Product Warranty Accrual Classified Current
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5075000 USD
CY2014Q3 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
3464000 USD
CY2014Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
3204000 USD
CY2015Q3 us-gaap Product Warranty Accrual Classified Current
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4791000 USD
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
1689000 USD
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
1765000 USD
us-gaap Product Warranty Accrual Preexisting Increase Decrease
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-1761000 USD
us-gaap Product Warranty Accrual Preexisting Increase Decrease
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0 USD
us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
1839000 USD
us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
3352000 USD
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88516000 USD
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PropertyPlantAndEquipmentGross
101750000 USD
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71558000 USD
CY2015Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
75248000 USD
us-gaap Provision For Doubtful Accounts
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593000 USD
us-gaap Provision For Doubtful Accounts
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650000 USD
CY2014Q4 us-gaap Purchase Commitment Remaining Minimum Amount Committed
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300000 USD
CY2015Q3 us-gaap Purchase Commitment Remaining Minimum Amount Committed
PurchaseCommitmentRemainingMinimumAmountCommitted
4500000 USD
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
20000000 USD
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
0 USD
CY2014Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
36231000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
104565000 USD
CY2015Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
58748000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
152035000 USD
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129814000 USD
CY2015Q3 us-gaap Retained Earnings Accumulated Deficit
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206991000 USD
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3101000 USD
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4308000 USD
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141455000 USD
us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
374338000 USD
CY2015Q3 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
193339000 USD
us-gaap Sales Revenue Goods Net
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527552000 USD
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155463000 USD
us-gaap Sales Revenue Net
SalesRevenueNet
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CY2015Q3 us-gaap Sales Revenue Net
SalesRevenueNet
217548000 USD
us-gaap Sales Revenue Net
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592145000 USD
CY2014Q3 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
14008000 USD
us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
36279000 USD
CY2015Q3 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
24209000 USD
us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
64593000 USD
CY2014Q3 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
20956000 USD
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
60322000 USD
CY2015Q3 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
26508000 USD
us-gaap Selling And Marketing Expense
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77776000 USD
us-gaap Share Based Compensation
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19569000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
32325000 USD
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ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
72.23
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
11612000 shares
CY2015Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
11252000 shares
CY2015Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
3000 shares
CY2015Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
7.77
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
830000 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
1207000 shares
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
598775000 USD
CY2015Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
464808000 USD
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
13654000 shares
CY2015Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
12070000 shares
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
17.63
CY2015Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
23.97
CY2015Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
437637000 USD
CY2015Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
11000 shares
CY2015Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
22.91
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
7.46
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
20.72
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
66.69
CY2015Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
186016000 USD
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P6Y9M18D
CY2014 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P8Y3M18D
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P7Y10M24D
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P7Y9M18D
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
1961000 shares
CY2014Q4 us-gaap Stockholders Equity
StockholdersEquity
555658000 USD
CY2015Q3 us-gaap Stockholders Equity
StockholdersEquity
723174000 USD
CY2014Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
681000 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
15257000 USD
CY2015Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
389000 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
1314000 USD
CY2014Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
-70000 USD
CY2014Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
62402000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
43453000 shares
CY2015Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
66629000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
65609000 shares
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
-1353000 USD
CY2015Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
-28000 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
-103000 USD
CY2014Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
21322000 USD
CY2015Q3 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
15686000 USD
us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
0 USD
us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
0 USD
CY2014Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
1500000 USD
CY2015Q3 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
1000000 USD
us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
51000 USD
us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
99000 USD
us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
5786000 USD
CY2014Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
69737000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
49323000 shares
CY2015Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
71887000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
71232000 shares
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:8px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Financial instruments that potentially subject us to concentrations of credit risk consist primarily of cash, cash equivalents, marketable securities, accounts receivable and notes receivable. Our cash and cash equivalents are invested in high quality financial instruments with banks and financial institutions. Such deposits may be in excess of insured limits provided on such deposits. </font></div><div style="line-height:120%;padding-top:8px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Our accounts receivable are unsecured and represent amounts due to us based on contractual obligations of our customers. We mitigate credit risk in respect to accounts receivable by performing ongoing credit evaluations of our customers to assess the probability of accounts receivable collection based on a number of factors, including past transaction experience with the customer, evaluation of their credit history, the credit limits extended and review of the invoicing terms of the contract. We generally do not require our customers to provide collateral to support accounts receivable. We have recorded an allowance for doubtful accounts for those receivables that we have determined not to be collectible. </font></div><div style="line-height:120%;padding-top:8px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We market and sell our products through both our direct sales force and our channel partners, including distributors, value-added resellers, system integrators, original equipment manufacturer (&#8220;OEM&#8221;) partners and in conjunction with various technology partners.</font></div><div style="line-height:120%;padding-top:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;"></font></div></div>
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:8px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We have reclassified deferred cost of revenue from inventories to other current assets as of June 30, 2015 as the balance does not represent property available for sale or used in the production process. Commencing in the first quarter of fiscal 2015, we have disaggregated total revenue and cost of revenue into "Product" and "Service". Prior period balances have been reclassified to conform to this new presentation.</font></div><div style="line-height:120%;padding-top:8px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;"></font></div></div>
us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:8px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of the accompanying unaudited condensed consolidated financial statements in conformity with U.S. GAAP requires us to make estimates and assumptions that affect the amounts reported and disclosed in the unaudited condensed consolidated financial statements and accompanying notes. Those estimates and assumptions include, but are not limited to, revenue recognition and deferred revenue; determination of fair value for stock-based awards; accounting for income taxes, including the valuation allowance on deferred tax assets and reserves for uncertain tax positions; valuation of inventory; valuation of warranty accruals; and the recognition and measurement of contingent liabilities. We evaluate our estimates and assumptions on an ongoing basis using historical experience and other factors and adjust those estimates and assumptions when facts and circumstances dictate. As future events and their effects cannot be determined with precision, actual results could differ from these estimates, and those differences could be material to the unaudited condensed consolidated financial statements.</font></div></div>

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