2019 Q4 Form 10-Q Financial Statement
#000117184319006886 Filed on October 28, 2019
Income Statement
Concept | 2019 Q4 | 2019 Q3 | 2018 Q4 |
---|---|---|---|
Revenue | $29.77M | $29.70M | $26.96M |
YoY Change | 10.45% | 10.86% | -8.28% |
Cost Of Revenue | $8.649M | $5.951M | $7.001M |
YoY Change | 23.54% | -28.15% | -19.68% |
Gross Profit | $21.12M | $23.75M | $19.95M |
YoY Change | 5.89% | 28.36% | -1.09% |
Gross Profit Margin | 70.95% | 79.96% | 74.01% |
Selling, General & Admin | $12.24M | $7.539M | $6.130M |
YoY Change | 99.67% | 32.26% | -8.23% |
% of Gross Profit | 57.95% | 31.75% | 30.73% |
Research & Development | $4.080M | $4.158M | $4.060M |
YoY Change | 0.49% | -1.75% | -4.92% |
% of Gross Profit | 19.32% | 17.51% | 20.35% |
Depreciation & Amortization | $1.530M | $1.520M | $1.480M |
YoY Change | 3.38% | 0.66% | 38.32% |
% of Gross Profit | 7.24% | 6.4% | 7.42% |
Operating Expenses | $16.32M | $11.70M | $10.19M |
YoY Change | 60.16% | 17.77% | -6.86% |
Operating Profit | $4.803M | $12.05M | $9.759M |
YoY Change | -50.78% | 40.55% | 5.75% |
Interest Expense | $360.0K | $482.0K | $550.0K |
YoY Change | -34.55% | -7.66% | 292.86% |
% of Operating Profit | 7.5% | 4.0% | 5.64% |
Other Income/Expense, Net | |||
YoY Change | |||
Pretax Income | $5.160M | $12.53M | $10.31M |
YoY Change | -49.95% | 37.78% | 4.46% |
Income Tax | $1.110M | $3.300M | $2.600M |
% Of Pretax Income | 21.51% | 26.33% | 25.22% |
Net Earnings | $4.051M | $9.200M | $7.717M |
YoY Change | -47.51% | 21.07% | -4.34% |
Net Earnings / Revenue | 13.61% | 30.98% | 28.63% |
Basic Earnings Per Share | $0.28 | $0.65 | $0.54 |
Diluted Earnings Per Share | $0.28 | $0.66 | $0.54 |
COMMON SHARES | |||
Basic Shares Outstanding | 14.27M | 14.07M | |
Diluted Shares Outstanding | 14.62M | 14.39M | 14.30M |
Balance Sheet
Concept | 2019 Q4 | 2019 Q3 | 2018 Q4 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $184.9M | $173.2M | $159.0M |
YoY Change | 16.29% | 16.24% | 1.08% |
Cash & Equivalents | $157.5M | $103.4M | $89.04M |
Short-Term Investments | $27.50M | $69.80M | $70.00M |
Other Short-Term Assets | $4.300M | $1.500M | $1.900M |
YoY Change | 126.32% | -25.0% | -40.63% |
Inventory | $22.00M | $25.24M | $21.30M |
Prepaid Expenses | |||
Receivables | $23.08M | $23.89M | $20.78M |
Other Receivables | $0.00 | $0.00 | $0.00 |
Total Short-Term Assets | $234.3M | $223.8M | $202.9M |
YoY Change | 15.45% | 14.43% | -1.64% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $50.78M | $51.75M | $54.11M |
YoY Change | -6.15% | -5.98% | -3.69% |
Goodwill | $7.694M | $7.489M | $7.851M |
YoY Change | -2.0% | -5.91% | -4.47% |
Intangibles | $7.585M | $7.680M | $9.191M |
YoY Change | -17.47% | -19.7% | -13.58% |
Long-Term Investments | |||
YoY Change | |||
Other Assets | $7.478M | $5.761M | $4.897M |
YoY Change | 52.71% | 419.48% | 290.51% |
Total Long-Term Assets | $96.40M | $95.76M | $76.05M |
YoY Change | 26.76% | 29.98% | -0.31% |
TOTAL ASSETS | |||
Total Short-Term Assets | $234.3M | $223.8M | $202.9M |
Total Long-Term Assets | $96.40M | $95.76M | $76.05M |
Total Assets | $330.7M | $319.6M | $279.0M |
YoY Change | 18.54% | 18.69% | -1.28% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $3.832M | $2.702M | $3.143M |
YoY Change | 21.92% | 9.75% | -53.42% |
Accrued Expenses | $12.40M | $8.500M | $8.100M |
YoY Change | 53.09% | 25.0% | 28.04% |
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 | $16.28M | $11.20M | $11.29M |
YoY Change | 44.18% | 20.31% | -13.65% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Other Long-Term Liabilities | $357.0K | $372.0K | $550.0K |
YoY Change | -35.09% | -35.19% | -16.67% |
Total Long-Term Liabilities | $357.0K | $372.0K | $550.0K |
YoY Change | -35.09% | -35.19% | -16.67% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $16.28M | $11.20M | $11.29M |
Total Long-Term Liabilities | $357.0K | $372.0K | $550.0K |
Total Liabilities | $16.63M | $11.57M | $11.84M |
YoY Change | 40.5% | 17.09% | -13.79% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | $245.4M | $241.4M | $218.2M |
YoY Change | 12.46% | 14.66% | 9.38% |
Common Stock | $48.85M | $46.63M | $50.91M |
YoY Change | -4.04% | -6.71% | -25.97% |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $288.4M | $281.7M | $263.6M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $330.7M | $319.6M | $279.0M |
YoY Change | 18.54% | 18.69% | -1.28% |
Cashflow Statement
Concept | 2019 Q4 | 2019 Q3 | 2018 Q4 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | $4.051M | $9.200M | $7.717M |
YoY Change | -47.51% | 21.07% | -4.34% |
Depreciation, Depletion And Amortization | $1.530M | $1.520M | $1.480M |
YoY Change | 3.38% | 0.66% | 38.32% |
Cash From Operating Activities | $13.03M | $10.05M | $10.01M |
YoY Change | 30.17% | -7.37% | 43.41% |
INVESTING ACTIVITIES | |||
Capital Expenditures | -$270.0K | -$430.0K | -$170.0K |
YoY Change | 58.82% | -64.46% | -93.12% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $41.29M | $2.530M | -$2.420M |
YoY Change | -1806.2% | -104.69% | -238.29% |
Cash From Investing Activities | $41.02M | $2.100M | -$2.580M |
YoY Change | -1689.92% | -103.81% | 258.33% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 280.0K | 21.70M | -50.00K |
YoY Change | -660.0% | ||
NET CHANGE | |||
Cash From Operating Activities | 13.03M | 10.05M | 10.01M |
Cash From Investing Activities | 41.02M | 2.100M | -2.580M |
Cash From Financing Activities | 280.0K | 21.70M | -50.00K |
Net Change In Cash | 54.33M | 33.85M | 7.380M |
YoY Change | 636.18% | -176.41% | 17.89% |
FREE CASH FLOW | |||
Cash From Operating Activities | $13.03M | $10.05M | $10.01M |
Capital Expenditures | -$270.0K | -$430.0K | -$170.0K |
Free Cash Flow | $13.30M | $10.48M | $10.18M |
YoY Change | 30.65% | -13.1% | 7.72% |
Facts In Submission
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CY2019Q3 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
15252000 | |
CY2018Q4 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
14439000 | |
us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
-927000 | ||
us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
-172000 | ||
CY2019Q3 | us-gaap |
Goodwill
Goodwill
|
7489000 | |
CY2018Q4 | us-gaap |
Goodwill
Goodwill
|
7851000 | |
us-gaap |
Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
|
-362000 | ||
CY2018Q4 | us-gaap |
Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
|
0 | |
us-gaap |
Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
|
303000 | ||
us-gaap |
Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
|
|||
CY2019Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
12531000 | |
CY2018Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
9095000 | |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
30959000 | ||
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
12894000 | ||
CY2019Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
3331000 | |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
7817000 | ||
CY2018Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
1496000 | |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
1890000 | ||
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-335000 | ||
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-2449000 | ||
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
2751000 | ||
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-3136000 | ||
us-gaap |
Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
377000 | ||
us-gaap |
Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
-158000 | ||
us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
-681000 | ||
us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
509000 | ||
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
6600000 | ||
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
5891000 | ||
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-440000 | ||
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-1304000 | ||
CY2019Q3 | us-gaap |
Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
|
28206000 | |
CY2019Q3 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
7680000 | |
CY2018Q4 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
9191000 | |
CY2019Q3 | us-gaap |
Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
|
482000 | |
CY2018Q3 | us-gaap |
Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
|
522000 | |
us-gaap |
Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
|
1513000 | ||
us-gaap |
Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
|
907000 | ||
CY2019Q3 | us-gaap |
Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
|
10234000 | |
CY2018Q4 | us-gaap |
Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
|
6819000 | |
CY2019Q3 | us-gaap |
Inventory Net
InventoryNet
|
25243000 | |
CY2018Q4 | us-gaap |
Inventory Net
InventoryNet
|
21300000 | |
CY2019Q3 | us-gaap |
Inventory Noncurrent
InventoryNoncurrent
|
5439000 | |
CY2018Q4 | us-gaap |
Inventory Noncurrent
InventoryNoncurrent
|
3833000 | |
CY2019Q3 | us-gaap |
Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
|
12686000 | |
CY2018Q4 | us-gaap |
Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
|
13688000 | |
CY2018Q1 | us-gaap |
Inventory Recall Expense
InventoryRecallExpense
|
1100000 | |
CY2017 | us-gaap |
Inventory Recall Expense
InventoryRecallExpense
|
900000 | |
CY2019Q3 | us-gaap |
Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
|
7762000 | |
CY2018Q4 | us-gaap |
Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
|
4626000 | |
us-gaap |
Inventory Write Down
InventoryWriteDown
|
1062000 | ||
us-gaap |
Inventory Write Down
InventoryWriteDown
|
4073000 | ||
us-gaap |
Investment Income Amortization Of Discount
InvestmentIncomeAmortizationOfDiscount
|
1075000 | ||
us-gaap |
Investment Income Amortization Of Discount
InvestmentIncomeAmortizationOfDiscount
|
|||
CY2019Q3 | us-gaap |
Lease Cost
LeaseCost
|
568000 | |
us-gaap |
Lease Cost
LeaseCost
|
1729000 | ||
CY2019Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
|
23530000 | |
CY2019Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
|
1965000 | |
CY2019Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
|
1981000 | |
CY2019Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
|
2024000 | |
CY2019Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
2025000 | |
CY2019Q3 | us-gaap |
Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
|
497000 | |
CY2019Q3 | us-gaap |
Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
|
9310000 | |
CY2019Q3 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
319579000 | |
CY2018Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
278993000 | |
CY2019Q3 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
11195000 | |
CY2018Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
11289000 | |
CY2019Q3 | us-gaap |
Marketable Securities Current
MarketableSecuritiesCurrent
|
69825000 | |
CY2018Q4 | us-gaap |
Marketable Securities Current
MarketableSecuritiesCurrent
|
69972000 | |
us-gaap |
Nature Of Operations
NatureOfOperations
|
<div style="display: inline; font-family: times new roman; font-size: 10pt"><table cellspacing="0" cellpadding="0" style="; font-size: 10pt; min-width: 700px;"> <tr style="vertical-align: top"> <td style="width: 47px"><div style="display: inline; font-size: 10pt"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">1.</div></div></div></td> <td style="width: 7px"> </td> <td style="text-align: justify"><div style="display: inline; font-size: 10pt"><div style="display: inline; font-weight: bold;">Nature of Business</div></div></td> </tr> </table> <div style=" font-size: 10pt; text-align: justify; margin: 0pt 0"> </div> <div style=" font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0"></div> <div style=" font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Anika Therapeutics, Inc. (the “Company”) is a global, integrated joint preservation and regenerative therapies company based in Bedford, Massachusetts. The Company is committed to delivering innovative therapies to improve the lives of patients across a continuum of care from osteoarthritis pain management to joint preservation and restoration. The Company has over <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">two</div> decades of global expertise commercializing more than <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">20</div> products based on its proprietary hyaluronic acid (“HA”) technology. The Company’s therapeutic portfolio includes ORTHOVISC, MONOVISC, and CINGAL, viscosupplements which alleviate osteoarthritis pain and restore joint function by replenishing depleted HA, TACTOSET, a surgically-delivered therapy for bone repair procedures, and HYALOFAST, a solid HA-based scaffold to aid cartilage repair and regeneration.</div> <div style=" font-size: 10pt; text-indent: 0.5in; margin: 0pt 0"> </div> <div style=" font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">The Company is subject to risks common to companies in the biotechnology and medical device industries including, but <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">not</div> limited to, development by the Company or its competitors of new technological innovations, dependence on key personnel, protection of proprietary technology, commercialization of existing and new products, and compliance with U.S. Food and Drug Administration (“FDA”) and foreign regulations and approval requirements, as well as the ability to grow the Company’s business through appropriate commercial strategies.</div></div> | ||
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-8420000 | ||
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-28849000 | ||
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-1333000 | ||
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-47676000 | ||
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
23983000 | ||
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
24905000 | ||
us-gaap |
Net Income Loss
NetIncomeLoss
|
23142000 | ||
us-gaap |
Net Income Loss
NetIncomeLoss
|
11004000 | ||
CY2019Q3 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
5761000 | |
CY2018Q4 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
4897000 | |
CY2019Q3 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
|
-622000 | |
CY2018Q3 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
|
-113000 | |
us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
|
-792000 | ||
us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
|
-444000 | ||
CY2019Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-315000 | |
CY2019Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
9200000 | |
CY2018Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
7599000 | |
CY2019Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
4507000 | |
CY2019Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
9435000 | |
CY2018Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-6686000 | |
CY2018Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
10091000 | |
CY2019Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
12049000 | |
CY2018Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
8573000 | |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
29446000 | ||
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
11987000 | ||
CY2019Q3 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
525000 | |
us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
1568000 | ||
CY2019Q3 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
22712000 | |
CY2019Q3 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
1109000 | |
CY2018Q4 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
||
CY2019Q3 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
21603000 | |
CY2018Q4 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
||
CY2019Q3 | us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
488000 | |
us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
1482000 | ||
CY2019Q3 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
23082000 | |
CY2018Q4 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
||
CY2019Q3 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.041 | |
CY2019Q3 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P17Y36D | |
CY2018Q4 | us-gaap |
Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
|
8703000 | |
CY2018Q4 | us-gaap |
Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
|
1879000 | |
CY2018Q4 | us-gaap |
Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
|
414000 | |
CY2018Q4 | us-gaap |
Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
|
1672000 | |
CY2018Q4 | us-gaap |
Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
|
1924000 | |
CY2018Q4 | us-gaap |
Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
|
1917000 | |
CY2019Q3 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
368000 | |
CY2018Q4 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
349000 | |
CY2019Q2 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
145000 | |
CY2019Q3 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-622000 | |
CY2018Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
620000 | |
CY2018Q2 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-951000 | |
CY2018Q3 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-113000 | |
CY2019Q3 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
372000 | |
CY2018Q4 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
550000 | |
us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
30000000 | ||
us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
30000000 | ||
us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
245000 | ||
us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
1735000 | ||
us-gaap |
Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
|
86368000 | ||
us-gaap |
Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
|
77683000 | ||
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
2559000 | ||
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
4493000 | ||
CY2019Q3 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.01 | |
CY2018Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.01 | |
CY2019Q3 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
1250000 | |
CY2018Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
1250000 | |
CY2019Q3 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | |
CY2018Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | |
CY2019Q3 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | |
CY2018Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | |
CY2019Q3 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
0 | |
CY2018Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
0 | |
CY2019Q3 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
1479000 | |
CY2018Q4 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
1854000 | |
us-gaap |
Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
|
87594000 | ||
us-gaap |
Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
|
34500000 | ||
us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
21825000 | ||
us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
2886000 | ||
CY2019Q3 | us-gaap |
Product Warranty Accrual
ProductWarrantyAccrual
|
0 | |
CY2018Q4 | us-gaap |
Product Warranty Accrual
ProductWarrantyAccrual
|
0 | |
CY2019Q3 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
51750000 | |
CY2018Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
54111000 | |
us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
-450000 | ||
us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
-87000 | ||
CY2019Q3 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
4158000 | |
CY2018Q3 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
4232000 | |
us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
12581000 | ||
us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
14126000 | ||
CY2019Q3 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
241375000 | |
CY2018Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
218233000 | |
CY2019Q3 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
29697000 | |
CY2018Q3 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
26787000 | |
us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
84838000 | ||
us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
78599000 | ||
us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
24110000 | ||
us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
|||
CY2019Q3 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
7539000 | |
CY2018Q3 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
5700000 | |
us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
22713000 | ||
us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
28207000 | ||
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
4140000 | ||
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
10064000 | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
0 | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
0 | ||
us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
|
P3Y182D | ||
CY2019Q3 | us-gaap |
Short Term Lease Cost
ShortTermLeaseCost
|
||
us-gaap |
Short Term Lease Cost
ShortTermLeaseCost
|
6000 | ||
CY2019Q2 | us-gaap |
Stock Issued During Period Value Restricted Stock Award Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures
|
||
CY2019Q3 | us-gaap |
Stock Issued During Period Value Restricted Stock Award Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures
|
||
CY2019Q1 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
5000 | |
CY2019Q2 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
852000 | |
CY2019Q3 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
20967000 | |
CY2018Q1 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
512000 | |
CY2018Q2 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
2375000 | |
CY2019Q2 | us-gaap |
Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
|
50000000 | |
CY2019Q2 | us-gaap |
Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
|
30000000 | |
CY2018Q2 | us-gaap |
Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
|
30000000 | |
CY2018Q3 | us-gaap |
Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
|
1000 | |
CY2019Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
281682000 | |
CY2018Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
263612000 | |
CY2019Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
269071000 | |
CY2019Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
250946000 | |
CY2017Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
263491000 | |
CY2018Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
263766000 | |
CY2018Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
246603000 | |
CY2018Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
255265000 | |
CY2019Q3 | us-gaap |
Variable Lease Cost
VariableLeaseCost
|
43000 | |
us-gaap |
Variable Lease Cost
VariableLeaseCost
|
155000 | ||
CY2019Q3 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
317000 | |
CY2018Q3 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
140000 | |
us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
201000 | ||
us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
296000 | ||
CY2019Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
14387000 | |
CY2018Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
14377000 | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
14266000 | ||
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
14820000 | ||
CY2019Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
14070000 | |
CY2018Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
14237000 | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
14065000 | ||
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
14524000 |