2015 Q2 Form 10-Q Financial Statement

#000138746715000054 Filed on May 07, 2015

View on sec.gov

Income Statement

Concept 2015 Q2 2015 Q1 2014 Q2
Revenue $81.50M $76.92M $82.30M
YoY Change -0.97% 2.01% 6.61%
Cost Of Revenue $67.20M $64.15M $66.30M
YoY Change 1.36% 1.68% 3.59%
Gross Profit $14.30M $12.76M $16.00M
YoY Change -10.63% 3.69% 21.21%
Gross Profit Margin 17.55% 16.59% 19.44%
Selling, General & Admin $9.700M $9.219M $9.000M
YoY Change 7.78% -0.4% 1.12%
% of Gross Profit 67.83% 72.23% 56.25%
Research & Development $6.900M $6.929M $6.600M
YoY Change 4.55% 15.93% -8.33%
% of Gross Profit 48.25% 54.29% 41.25%
Depreciation & Amortization $6.880M $6.760M $7.300M
YoY Change -5.75% -2.17% 3.4%
% of Gross Profit 48.11% 52.96% 45.63%
Operating Expenses $16.50M $16.15M $15.70M
YoY Change 5.1% 6.01% -2.48%
Operating Profit -$2.200M -$3.384M $300.0K
YoY Change -833.33% 15.77% -110.34%
Interest Expense $400.0K $41.00K -$300.0K
YoY Change -233.33% -33.87% 200.0%
% of Operating Profit -100.0%
Other Income/Expense, Net
YoY Change
Pretax Income -$1.900M -$3.407M $0.00
YoY Change 16.16% -100.0%
Income Tax $1.100M $698.0K $300.0K
% Of Pretax Income
Net Earnings -$2.900M -$4.105M -$300.0K
YoY Change 866.67% 24.62% -92.68%
Net Earnings / Revenue -3.56% -5.34% -0.36%
Basic Earnings Per Share -$0.16
Diluted Earnings Per Share -$110.3K -$0.16 -$11.45K
COMMON SHARES
Basic Shares Outstanding 26.34M shares 26.45M shares 26.13M shares
Diluted Shares Outstanding 26.45M shares

Balance Sheet

Concept 2015 Q2 2015 Q1 2014 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $106.1M $112.9M $117.8M
YoY Change -9.93% 2.08% 27.49%
Cash & Equivalents $106.1M $112.9M $117.8M
Short-Term Investments
Other Short-Term Assets $4.279M $3.433M $3.810M
YoY Change 12.31% -8.11% 6.48%
Inventory $64.18M $66.31M $66.56M
Prepaid Expenses
Receivables $38.78M $31.14M $36.54M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $213.7M $217.0M $227.8M
YoY Change -6.19% 1.77% 10.65%
LONG-TERM ASSETS
Property, Plant & Equipment $119.6M $115.8M $123.3M
YoY Change -2.98% -6.36% -10.76%
Goodwill $269.0K $269.0K $269.0K
YoY Change 0.0% 0.0% 0.0%
Intangibles $17.00K $229.0K
YoY Change -92.58% -53.83%
Long-Term Investments $100.0K $100.0K $100.0K
YoY Change 0.0% 0.0% 0.0%
Other Assets $2.297M $3.281M $1.963M
YoY Change 17.01% 102.78% 155.93%
Total Long-Term Assets $134.2M $130.3M $136.6M
YoY Change -1.72% -4.55% -9.24%
TOTAL ASSETS
Total Short-Term Assets $213.7M $217.0M $227.8M
Total Long-Term Assets $134.2M $130.3M $136.6M
Total Assets $347.9M $347.3M $364.3M
YoY Change -4.51% -0.7% 2.25%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $44.08M $34.40M $38.76M
YoY Change 13.73% 23.07% 22.12%
Accrued Expenses $19.23M $17.68M $17.38M
YoY Change 10.64% 4.52% 19.25%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $6.429M $13.82M
YoY Change -100.0% 106.92% 261.71%
Total Short-Term Liabilities $66.34M $62.00M $73.62M
YoY Change -9.89% 22.27% 37.62%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $300.0K $0.00
YoY Change -97.38% -100.0%
Other Long-Term Liabilities $1.017M $1.004M $1.143M
YoY Change -11.02% -72.11% -77.14%
Total Long-Term Liabilities $1.017M $1.004M $1.143M
YoY Change -11.02% -91.22% -91.58%
TOTAL LIABILITIES
Total Short-Term Liabilities $66.34M $62.00M $73.62M
Total Long-Term Liabilities $1.017M $1.004M $1.143M
Total Liabilities $71.27M $68.47M $81.31M
YoY Change -12.36% 0.77% 8.61%
SHAREHOLDERS EQUITY
Retained Earnings $103.2M $105.8M $110.8M
YoY Change -6.79% -4.88% -2.97%
Common Stock $55.00K $54.00K $53.00K
YoY Change 3.77% 1.89% 3.92%
Preferred Stock
YoY Change
Treasury Stock (at cost) $8.593M $6.759M $2.889M
YoY Change 197.44% 242.57% 40.65%
Treasury Stock Shares 998.0K shares 781.0K shares 340.0K shares
Shareholders Equity $276.6M $278.8M $283.0M
YoY Change
Total Liabilities & Shareholders Equity $347.9M $347.3M $364.3M
YoY Change -4.51% -0.7% 2.25%

Cashflow Statement

Concept 2015 Q2 2015 Q1 2014 Q2
OPERATING ACTIVITIES
Net Income -$2.900M -$4.105M -$300.0K
YoY Change 866.67% 24.62% -92.68%
Depreciation, Depletion And Amortization $6.880M $6.760M $7.300M
YoY Change -5.75% -2.17% 3.4%
Cash From Operating Activities $9.950M $2.670M $11.00M
YoY Change -9.55% -77.6% -233.5%
INVESTING ACTIVITIES
Capital Expenditures -$8.910M -$5.640M -$2.940M
YoY Change 203.06% 77.36% -16.48%
Acquisitions
YoY Change
Other Investing Activities $100.0K $10.00K -$50.00K
YoY Change -300.0% 0.0% -119.23%
Cash From Investing Activities -$8.820M -$5.630M -$2.970M
YoY Change 196.97% 77.04% -9.17%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -7.980M -4.780M -890.0K
YoY Change 796.63% 658.73% 641.67%
NET CHANGE
Cash From Operating Activities 9.950M 2.670M 11.00M
Cash From Investing Activities -8.820M -5.630M -2.970M
Cash From Financing Activities -7.980M -4.780M -890.0K
Net Change In Cash -6.850M -7.740M 7.140M
YoY Change -195.94% -195.44% -161.39%
FREE CASH FLOW
Cash From Operating Activities $9.950M $2.670M $11.00M
Capital Expenditures -$8.910M -$5.640M -$2.940M
Free Cash Flow $18.86M $8.310M $13.94M
YoY Change 35.29% -44.97% -395.34%

Facts In Submission

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us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
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us-gaap Increase Decrease In Other Operating Assets
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us-gaap Increase Decrease In Restricted Cash
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us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
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CY2014Q1 us-gaap Interest And Other Income
InterestAndOtherIncome
52000 USD
us-gaap Interest And Other Income
InterestAndOtherIncome
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CY2015Q1 us-gaap Interest And Other Income
InterestAndOtherIncome
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us-gaap Interest And Other Income
InterestAndOtherIncome
92000 USD
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InterestExpense
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us-gaap Interest Expense
InterestExpense
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InterestExpense
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us-gaap Interest Expense
InterestExpense
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CY2014Q2 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
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CY2015Q1 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
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CY2014Q2 us-gaap Inventory Net
InventoryNet
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CY2015Q1 us-gaap Inventory Net
InventoryNet
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CY2014Q2 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
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CY2015Q1 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
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CY2014Q2 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
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CY2015Q1 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
33630000 USD
CY2014Q2 us-gaap Liabilities
Liabilities
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CY2015Q1 us-gaap Liabilities
Liabilities
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CY2014Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
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CY2015Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
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CY2014Q2 us-gaap Liabilities Current
LiabilitiesCurrent
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CY2015Q1 us-gaap Liabilities Current
LiabilitiesCurrent
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CY2014Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
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CY2015Q1 us-gaap Long Term Debt Current
LongTermDebtCurrent
6429000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-2505000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-6217000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Net Cash Provided By Used In Operating Activities
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CY2014Q1 us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Net Income Loss
NetIncomeLoss
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CY2015Q1 us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 Segment
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 Segment
CY2014Q1 us-gaap Operating Expenses
OperatingExpenses
15233000 USD
us-gaap Operating Expenses
OperatingExpenses
43301000 USD
CY2015Q1 us-gaap Operating Expenses
OperatingExpenses
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us-gaap Operating Expenses
OperatingExpenses
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CY2014Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-2923000 USD
CY2015Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-3384000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
-1947000 USD
CY2014Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
2485000 USD
CY2015Q1 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
2667000 USD
CY2014Q2 us-gaap Other Assets Current
OtherAssetsCurrent
3810000 USD
CY2015Q1 us-gaap Other Assets Current
OtherAssetsCurrent
3433000 USD
CY2014Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
1963000 USD
CY2015Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
3281000 USD
CY2014Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-31000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
18000 USD
CY2015Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
28000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-118000 USD
CY2014Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
1143000 USD
CY2015Q1 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
1004000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
3977000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
6462000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
12579000 USD
CY2014Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.002
CY2015Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.002
CY2014Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2015Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2014Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2015Q1 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2014Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2015Q1 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2014Q2 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2015Q1 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
1279000 USD
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
1910000 USD
us-gaap Proceeds From Sale Of Other Property Plant And Equipment
ProceedsFromSaleOfOtherPropertyPlantAndEquipment
244000 USD
us-gaap Proceeds From Sale Of Other Property Plant And Equipment
ProceedsFromSaleOfOtherPropertyPlantAndEquipment
50000 USD
CY2013Q2 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
1428000 USD
CY2014Q1 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
1181000 USD
CY2014Q2 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
1346000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
0 USD
CY2015Q1 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
1117000 USD
CY2014Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
123254000 USD
CY2015Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
115817000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-363000 USD
us-gaap Stock Issued During Period Value Treasury Stock Reissued
StockIssuedDuringPeriodValueTreasuryStockReissued
83000 USD
us-gaap Stock Issued During Period Value Treasury Stock Reissued
StockIssuedDuringPeriodValueTreasuryStockReissued
106000 USD
us-gaap Repayments Of Debt
RepaymentsOfDebt
2857000 USD
us-gaap Repayments Of Debt
RepaymentsOfDebt
7143000 USD
us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
927000 USD
us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
790000 USD
CY2014Q1 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
5977000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
17796000 USD
CY2015Q1 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
6929000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
20155000 USD
CY2014Q2 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
244000 USD
CY2015Q1 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
245000 USD
CY2014Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
110754000 USD
CY2015Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
105810000 USD
CY2014Q1 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
75405000 USD
us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
235791000 USD
CY2015Q1 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
76918000 USD
us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
246463000 USD
CY2014Q2 us-gaap Security Deposit
SecurityDeposit
428000 USD
CY2015Q1 us-gaap Security Deposit
SecurityDeposit
638000 USD
CY2014Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
9256000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
25505000 USD
CY2015Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
9219000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
27958000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
2175000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
3319000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
740051 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
132085 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
10.19
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
10000 shares
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
3258607 USD
CY2015Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
1974804 USD
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
3238784 shares
CY2015Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
2918634 shares
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
10.28
CY2015Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
10.60
CY2015Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
2860969 shares
CY2015Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
10.65
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
5.70
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
9.07
CY2015Q1 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Exercisable Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfExercisableOptions
2323289 shares
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P4Y8M9D
CY2015Q1 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Exercise Price1
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageExercisePrice1
11.22
us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageRemainingContractualTerm2
P4Y9M7D
us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
1186000 USD
us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
1445000 USD
us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
939000 USD
us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
1216000 USD
us-gaap Stock Issued During Period Shares Share Based Compensation
StockIssuedDuringPeriodSharesShareBasedCompensation
29300 shares
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
198065 shares
CY2010Q4 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
25000000 USD
CY2015Q1 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
17800000 USD
CY2014Q2 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
22700000 USD
CY2014Q2 us-gaap Stockholders Equity
StockholdersEquity
283035000 USD
CY2015Q1 us-gaap Stockholders Equity
StockholdersEquity
278840000 USD
us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
8.84
us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
8.85
CY2014Q2 us-gaap Treasury Stock Shares
TreasuryStockShares
340000 shares
CY2015Q1 us-gaap Treasury Stock Shares
TreasuryStockShares
781000 shares
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
810611 shares
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
449247 shares
us-gaap Treasury Stock Shares Retired
TreasuryStockSharesRetired
0 shares
CY2014Q2 us-gaap Treasury Stock Value
TreasuryStockValue
2889000 USD
CY2015Q1 us-gaap Treasury Stock Value
TreasuryStockValue
6759000 USD
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
7200000 USD
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
4000000 USD
CY2015Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
6300000 USD
CY2015Q1 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
4300000 USD
CY2014Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
26067000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
25865000 shares
CY2015Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
26447000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
26469000 shares
CY2014Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
26067000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
25865000 shares
CY2015Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
26447000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
26469000 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:12px;text-align:left;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company manages its credit risk associated with exposure to distributors and direct customers on outstanding accounts receivable through the application of credit approvals, credit ratings and other monitoring procedures. In some instances, the Company also obtains letters of credit from certain customers. </font></div><div style="line-height:120%;padding-top:12px;text-align:left;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Credit sales, which are mainly on credit terms of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">30 to 60 days</font><font style="font-family:inherit;font-size:10pt;">, are only made to customers who meet the Company's credit requirements, while sales to new customers or customers with low credit ratings are usually made on an advance payment basis. The Company considers its trade accounts receivable to be of good credit quality because its key distributors and direct customers have long-standing business relationships with the Company and the Company has not experienced any significant bad debt write-offs of accounts receivable in the past. The Company closely monitors the aging of accounts receivable from its distributors and direct customers, and regularly reviews their financial positions, when available.</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:18px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Use of Estimates</font></div><div style="line-height:120%;padding-top:12px;text-align:left;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of the condensed consolidated financial statements in conformity with U.S. GAAP requires the Company to make estimates, judgments and assumptions that affect the reported amounts of assets, liabilities, revenue and expenses. To the extent there are material differences between these estimates and actual results, the Company's condensed consolidated financial statements will be affected. On an ongoing basis, the Company evaluates the estimates, judgments and assumptions including those related to stock rotation returns, price adjustments, allowance for doubtful accounts, inventory reserves, warranty accrual, income taxes, share-based compensation, and useful lives for property, plant and equipment and intangible assets.</font></div></div>

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