2015 Form 10-K Financial Statement

#000072050015000045 Filed on November 19, 2015

View on sec.gov

Income Statement

Concept 2015 2014 Q3 2014 Q2
Revenue $104.9M $19.82M $9.190M
YoY Change 85.63% 186.24% -11.62%
Cost Of Revenue $77.88M $17.26M $7.559M
YoY Change 73.54% 357.82% -12.59%
Gross Profit $27.01M $2.562M $1.631M
YoY Change 132.31% -18.9% -160.93%
Gross Profit Margin 25.75% 12.93% 17.75%
Selling, General & Admin $33.03M $4.920M $4.103M
YoY Change 79.27% 56.19% -24.62%
% of Gross Profit 122.29% 192.04% 251.56%
Research & Development $13.21M $1.850M $3.054M
YoY Change 21.64% 20.13% 41.52%
% of Gross Profit 48.93% 72.21% 187.25%
Depreciation & Amortization $3.357M $610.0K $590.0K
YoY Change 39.29% -7.58% -6.35%
% of Gross Profit 12.43% 23.81% 36.17%
Operating Expenses $46.24M $6.770M $7.157M
YoY Change 57.89% 44.35% -5.84%
Operating Profit -$13.52M -$4.208M -$3.871M
YoY Change 3.3% 174.85% -62.23%
Interest Expense -$100.0K -$90.00K $40.00K
YoY Change 125.0% -71.43%
% of Operating Profit
Other Income/Expense, Net -$100.0K $43.00K
YoY Change -350.0% -69.93%
Pretax Income -$4.807M -$4.300M -$3.828M
YoY Change -63.16% 173.89% -62.12%
Income Tax $1.910M -$645.0K $1.325M
% Of Pretax Income
Net Earnings -$7.771M -$3.245M -$5.257M
YoY Change -40.44% 92.93% -56.56%
Net Earnings / Revenue -7.41% -16.37% -57.2%
Basic Earnings Per Share -$0.65 -$0.33 -$0.53
Diluted Earnings Per Share -$0.65 -$0.33 -$0.53
COMMON SHARES
Basic Shares Outstanding 12.02M shares 9.846M shares 9.843M shares
Diluted Shares Outstanding 12.02M shares 9.846M shares 9.843M shares

Balance Sheet

Concept 2015 2014 Q3 2014 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $25.90M $27.40M $31.60M
YoY Change -5.47% -26.34% -18.56%
Cash & Equivalents $25.90M $27.37M $31.64M
Short-Term Investments
Other Short-Term Assets $6.500M $2.082M $1.938M
YoY Change 18.18% -28.94% 7.19%
Inventory $23.30M $16.76M $18.30M
Prepaid Expenses
Receivables $23.00M $8.896M $7.466M
Other Receivables $7.100M $0.00 $0.00
Total Short-Term Assets $85.70M $65.43M $71.18M
YoY Change 31.04% -22.29% -8.9%
LONG-TERM ASSETS
Property, Plant & Equipment $17.80M $9.752M $10.09M
YoY Change 81.63% -11.87% -9.57%
Goodwill $8.323M $8.505M
YoY Change -1.86% 1.44%
Intangibles $2.678M $2.990M
YoY Change -23.53% -17.04%
Long-Term Investments $2.700M $0.00
YoY Change
Other Assets $3.800M $2.426M $2.499M
YoY Change 2.7% -0.7% 113.96%
Total Long-Term Assets $39.80M $24.48M $25.34M
YoY Change 62.45% -8.5% 0.08%
TOTAL ASSETS
Total Short-Term Assets $85.70M $65.43M $71.18M
Total Long-Term Assets $39.80M $24.48M $25.34M
Total Assets $125.5M $89.90M $96.52M
YoY Change 39.6% -18.97% -6.7%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $15.60M $6.003M $7.028M
YoY Change 160.0% 9.7% 153.99%
Accrued Expenses $9.900M $5.346M $5.889M
YoY Change -2.94% -47.28% -42.09%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $900.0K $0.00
YoY Change
Total Short-Term Liabilities $39.40M $33.14M $35.21M
YoY Change 19.03% -19.83% 4.52%
LONG-TERM LIABILITIES
Long-Term Debt $8.400M $0.00 $0.00
YoY Change
Other Long-Term Liabilities $5.000M $3.200M $2.900M
YoY Change 56.25% 14.29% 20.83%
Total Long-Term Liabilities $13.40M $0.00 $2.900M
YoY Change 318.75% -100.0% 20.83%
TOTAL LIABILITIES
Total Short-Term Liabilities $39.40M $33.14M $35.21M
Total Long-Term Liabilities $13.40M $0.00 $2.900M
Total Liabilities $52.60M $36.32M $38.11M
YoY Change 51.15% -17.73% 5.72%
SHAREHOLDERS EQUITY
Retained Earnings -$21.05M -$17.81M
YoY Change 163.01% 181.7%
Common Stock $98.00K $98.00K
YoY Change 2.08% 3.16%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $72.80M $55.14M $59.60M
YoY Change
Total Liabilities & Shareholders Equity $125.5M $89.90M $96.52M
YoY Change 39.6% -18.97% -6.7%

Cashflow Statement

Concept 2015 2014 Q3 2014 Q2
OPERATING ACTIVITIES
Net Income -$7.771M -$3.245M -$5.257M
YoY Change -40.44% 92.93% -56.56%
Depreciation, Depletion And Amortization $3.357M $610.0K $590.0K
YoY Change 39.29% -7.58% -6.35%
Cash From Operating Activities -$10.07M -$4.320M -$4.870M
YoY Change -9.15% 121.54% 2017.39%
INVESTING ACTIVITIES
Capital Expenditures $610.0K -$250.0K $0.00
YoY Change 32.03% 1150.0%
Acquisitions -$8.191M
YoY Change
Other Investing Activities -$8.191M $0.00
YoY Change
Cash From Investing Activities $8.281M -$250.0K $0.00
YoY Change -1892.42% 1150.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $523.0K
YoY Change -146.04%
Debt Paid & Issued, Net $482.0K
YoY Change
Cash From Financing Activities $805.0K 240.0K 20.00K
YoY Change -45.64% -200.0%
NET CHANGE
Cash From Operating Activities -$10.07M -4.320M -4.870M
Cash From Investing Activities $8.281M -250.0K 0.000
Cash From Financing Activities $805.0K 240.0K 20.00K
Net Change In Cash -$981.0K -4.330M -4.850M
YoY Change -90.25% 95.93% 2008.7%
FREE CASH FLOW
Cash From Operating Activities -$10.07M -$4.320M -$4.870M
Capital Expenditures $610.0K -$250.0K $0.00
Free Cash Flow -$10.68M -$4.070M -$4.870M
YoY Change -7.5% 110.88% 2017.39%

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CurrentForeignTaxExpenseBenefit
800000 USD
CY2014 us-gaap Current Foreign Tax Expense Benefit
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530000 USD
CY2015 us-gaap Current Foreign Tax Expense Benefit
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500000 USD
CY2013 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
540000 USD
CY2014 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
980000 USD
CY2015 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
1420000 USD
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CY2014 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
80000 USD
CY2015 us-gaap Current State And Local Tax Expense Benefit
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0 USD
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8814000 USD
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304000 USD
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430000 USD
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1330000 USD
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7154000 USD
CY2013 us-gaap Deconsolidation Gain Or Loss Amount
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0 USD
CY2014 us-gaap Deconsolidation Gain Or Loss Amount
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0 USD
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1260000 USD
CY2014Q3 us-gaap Deferred Tax Assets Liabilities Net
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1300000 USD
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4992000 USD
CY2014Q3 us-gaap Deferred Costs Current
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1210000 USD
CY2015Q3 us-gaap Deferred Costs Current
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2407000 USD
CY2013 us-gaap Deferred Federal Income Tax Expense Benefit
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-290000 USD
CY2014 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-490000 USD
CY2015 us-gaap Deferred Federal Income Tax Expense Benefit
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720000 USD
CY2013 us-gaap Deferred Foreign Income Tax Expense Benefit
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1610000 USD
CY2014 us-gaap Deferred Foreign Income Tax Expense Benefit
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750000 USD
CY2015 us-gaap Deferred Foreign Income Tax Expense Benefit
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CY2013 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
1320000 USD
CY2014 us-gaap Deferred Income Tax Expense Benefit
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260000 USD
CY2015 us-gaap Deferred Income Tax Expense Benefit
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490000 USD
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3371000 USD
CY2014Q3 us-gaap Deferred Revenue
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8118000 USD
CY2015Q3 us-gaap Deferred Revenue
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7280000 USD
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0 USD
CY2014 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
0 USD
CY2015 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
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800000 USD
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1460000 USD
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1180000 USD
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2240000 USD
CY2014Q3 us-gaap Deferred Tax Assets Gross Current
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3340000 USD
CY2015Q3 us-gaap Deferred Tax Assets Gross Current
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8560000 USD
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1060000 USD
CY2015Q3 us-gaap Deferred Tax Assets Net Current
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2050000 USD
CY2014Q3 us-gaap Deferred Tax Assets Net Noncurrent
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1300000 USD
CY2015Q3 us-gaap Deferred Tax Assets Net Noncurrent
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430000 USD
CY2013Q3 us-gaap Deferred Tax Assets Operating Loss Carryforwards Domestic
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0 USD
CY2014Q3 us-gaap Deferred Tax Assets Operating Loss Carryforwards Domestic
DeferredTaxAssetsOperatingLossCarryforwardsDomestic
900000 USD
CY2015Q3 us-gaap Deferred Tax Assets Operating Loss Carryforwards Domestic
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5570000 USD
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CY2014Q3 us-gaap Deferred Tax Assets Other
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2950000 USD
CY2015Q3 us-gaap Deferred Tax Assets Other
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360000 USD
CY2013Q3 us-gaap Deferred Tax Assets Tax Credit Carryforwards Foreign
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520000 USD
CY2014Q3 us-gaap Deferred Tax Assets Tax Credit Carryforwards Foreign
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0 USD
CY2015Q3 us-gaap Deferred Tax Assets Tax Credit Carryforwards Foreign
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3950000 USD
CY2014Q3 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
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670000 USD
CY2015Q3 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
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680000 USD
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490000 USD
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520000 USD
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1920000 USD
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200000 USD
CY2014Q3 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Warranty Reserves
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180000 USD
CY2015Q3 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Warranty Reserves
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280000 USD
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700000 USD
CY2012Q3 us-gaap Deferred Tax Assets Valuation Allowance
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2600000 USD
CY2013Q3 us-gaap Deferred Tax Assets Valuation Allowance
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8450000 USD
CY2014Q3 us-gaap Deferred Tax Assets Valuation Allowance
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12350000 USD
CY2015Q3 us-gaap Deferred Tax Assets Valuation Allowance
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23810000 USD
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910000 USD
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2280000 USD
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6510000 USD
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7540000 USD
CY2014Q3 us-gaap Deferred Tax Assets Valuation Allowance Noncurrent
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10070000 USD
CY2015Q3 us-gaap Deferred Tax Assets Valuation Allowance Noncurrent
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17300000 USD
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1130000 USD
CY2014Q3 us-gaap Deferred Tax Liabilities Property Plant And Equipment
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1210000 USD
CY2015Q3 us-gaap Deferred Tax Liabilities Property Plant And Equipment
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1350000 USD
CY2013 us-gaap Depreciation
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2000000 USD
CY2014 us-gaap Depreciation
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1700000 USD
CY2015 us-gaap Depreciation
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2200000 USD
CY2013 us-gaap Depreciation Depletion And Amortization
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2667000 USD
CY2014 us-gaap Depreciation Depletion And Amortization
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2410000 USD
CY2015 us-gaap Depreciation Depletion And Amortization
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3357000 USD
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-2.11
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0.10
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-0.65
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-2.11
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-0.08
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-0.39
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-0.53
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-0.33
CY2014 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.34
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-0.53
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-0.19
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-0.12
CY2013 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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512000 USD
CY2015 us-gaap Goodwill Translation Adjustments
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-271000 USD
CY2015 us-gaap Goodwill Written Off Related To Sale Of Business Unit
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5198000 USD
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0.10
CY2015 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.65
CY2013 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
840000 USD
CY2014 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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232000 USD
CY2015 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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CY2015 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.34
CY2014Q3 us-gaap Employee Related Liabilities Current
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4269000 USD
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5605000 USD
CY2014 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
326000 USD
CY2015 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
221000 USD
CY2014Q3 us-gaap Equity Method Investments
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0 USD
CY2015Q3 us-gaap Equity Method Investments
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2733000 USD
CY2013 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
-264000 USD
CY2014 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
345000 USD
CY2015 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
30000 USD
CY2014Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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3434000 USD
CY2015Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
2589000 USD
CY2015Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
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800000 USD
CY2015Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
600000 USD
CY2015Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
600000 USD
CY2015Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
600000 USD
CY2015Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
700000 USD
CY2014Q3 us-gaap Finite Lived Intangible Assets Gross
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6112000 USD
CY2015Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
7528000 USD
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2678000 USD
CY2015Q3 us-gaap Finite Lived Intangible Assets Net
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4939000 USD
CY2015 us-gaap Foreign Currency Transaction Gain Before Tax
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300000 USD
CY2013 us-gaap Foreign Currency Transaction Loss Before Tax
ForeignCurrencyTransactionLossBeforeTax
100000 USD
CY2014 us-gaap Foreign Currency Transaction Loss Before Tax
ForeignCurrencyTransactionLossBeforeTax
100000 USD
CY2014Q3 us-gaap Goodwill
Goodwill
8323000 USD
CY2015Q3 us-gaap Goodwill
Goodwill
10535000 USD
CY2015 us-gaap Goodwill Acquired During Period
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7681000 USD
CY2014Q3 us-gaap Goodwill Gross
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13043000 USD
CY2015Q3 us-gaap Goodwill Gross
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15090000 USD
CY2014Q3 us-gaap Goodwill Impaired Accumulated Impairment Loss
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4720000 USD
CY2015Q3 us-gaap Goodwill Impaired Accumulated Impairment Loss
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4555000 USD
CY2013 us-gaap Gross Profit
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4313000 USD
CY2013Q4 us-gaap Gross Profit
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4535000 USD
CY2014Q1 us-gaap Gross Profit
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2898000 USD
CY2014Q2 us-gaap Gross Profit
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1631000 USD
CY2014Q3 us-gaap Gross Profit
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2562000 USD
CY2014 us-gaap Gross Profit
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11626000 USD
CY2014Q4 us-gaap Gross Profit
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3428000 USD
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10000 USD
CY2014 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
300000 USD
CY2015 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
440000 USD
CY2013 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-110000 USD
CY2014 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
80000 USD
CY2015 us-gaap Income Tax Reconciliation State And Local Income Taxes
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-40000 USD
CY2015Q1 us-gaap Gross Profit
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6889000 USD
CY2015Q2 us-gaap Gross Profit
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10128000 USD
CY2015Q3 us-gaap Gross Profit
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6563000 USD
CY2015 us-gaap Gross Profit
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27008000 USD
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CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-13049000 USD
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-4807000 USD
CY2013 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1860000 USD
CY2013Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
560000 USD
CY2014Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 USD
CY2014Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1325000 USD
CY2014Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-645000 USD
CY2014 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1240000 USD
CY2014Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
180000 USD
CY2015Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
170000 USD
CY2015Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
290000 USD
CY2015Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1270000 USD
CY2015 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1910000 USD
CY2013 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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5850000 USD
CY2014 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
3900000 USD
CY2015 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
2490000 USD
CY2013 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
1440000 USD
CY2014 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
1000000 USD
CY2015 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
1890000 USD
CY2013 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-6750000 USD
CY2014 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-4440000 USD
CY2015 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-1630000 USD
CY2013 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
970000 USD
CY2014 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
30000 USD
CY2015 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
-1570000 USD
CY2013 us-gaap Income Tax Reconciliation Tax Contingencies
IncomeTaxReconciliationTaxContingencies
450000 USD
CY2014 us-gaap Income Tax Reconciliation Tax Contingencies
IncomeTaxReconciliationTaxContingencies
370000 USD
CY2015 us-gaap Income Tax Reconciliation Tax Contingencies
IncomeTaxReconciliationTaxContingencies
330000 USD
CY2013 us-gaap Income Taxes Paid
IncomeTaxesPaid
8678000 USD
CY2014 us-gaap Income Taxes Paid
IncomeTaxesPaid
184000 USD
CY2015 us-gaap Income Taxes Paid
IncomeTaxesPaid
5113000 USD
CY2013 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-495000 USD
CY2014 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
766000 USD
CY2015 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
939000 USD
CY2013 us-gaap Increase Decrease In Accounts Receivable
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-10629000 USD
CY2014 us-gaap Increase Decrease In Accounts Receivable
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11786000 USD
CY2015 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-1700000 USD
CY2013 us-gaap Increase Decrease In Accrued Income Taxes Payable
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-7818000 USD
CY2014 us-gaap Increase Decrease In Accrued Income Taxes Payable
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6849000 USD
CY2015 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-4329000 USD
CY2013 us-gaap Increase Decrease In Deferred Income Taxes
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-1368000 USD
CY2014 us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
-194000 USD
CY2015 us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
-454000 USD
CY2013 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
221000 USD
CY2014 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-3636000 USD
CY2015 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
1308000 USD
CY2013 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
360000 USD
CY2014 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-782000 USD
CY2015 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-2119000 USD
CY2013 us-gaap Increase Decrease In Restricted Cash For Operating Activities
IncreaseDecreaseInRestrictedCashForOperatingActivities
326000 USD
CY2014 us-gaap Increase Decrease In Restricted Cash For Operating Activities
IncreaseDecreaseInRestrictedCashForOperatingActivities
-2662000 USD
CY2015 us-gaap Increase Decrease In Restricted Cash For Operating Activities
IncreaseDecreaseInRestrictedCashForOperatingActivities
1731000 USD
CY2014Q3 us-gaap Intangible Assets Net Excluding Goodwill
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2678000 USD
CY2015Q3 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
4939000 USD
CY2013 us-gaap Interest Paid
InterestPaid
163000 USD
CY2014 us-gaap Interest Paid
InterestPaid
0 USD
CY2015 us-gaap Interest Paid
InterestPaid
440000 USD
CY2014Q3 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
3154000 USD
CY2015Q3 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
11595000 USD
CY2014Q3 us-gaap Inventory Net
InventoryNet
16760000 USD
CY2015Q3 us-gaap Inventory Net
InventoryNet
23329000 USD
CY2014Q3 us-gaap Inventory Raw Materials And Supplies Net Of Reserves
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8797000 USD
CY2015Q3 us-gaap Inventory Raw Materials And Supplies Net Of Reserves
InventoryRawMaterialsAndSuppliesNetOfReserves
6065000 USD
CY2014Q3 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
4809000 USD
CY2015Q3 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
5669000 USD
CY2013 us-gaap Inventory Write Down
InventoryWriteDown
3652000 USD
CY2014 us-gaap Inventory Write Down
InventoryWriteDown
294000 USD
CY2015 us-gaap Inventory Write Down
InventoryWriteDown
138000 USD
CY2013 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
1000000 USD
CY2014 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
1000000 USD
CY2015 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
1200000 USD
CY2015 us-gaap Lessee Leasing Arrangements Operating Leases Term Of Contract
LesseeLeasingArrangementsOperatingLeasesTermOfContract
P1Y
CY2014Q3 us-gaap Liabilities
Liabilities
36316000 USD
CY2015Q3 us-gaap Liabilities
Liabilities
52809000 USD
CY2014Q3 us-gaap Liabilities And Stockholders Equity
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CY2014Q3 us-gaap Product Warranty Accrual Classified Current
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CY2015Q3 us-gaap Product Warranty Accrual Classified Current
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10863000 USD
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583000 USD
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CY2014Q3 us-gaap Sales Revenue Net
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CY2014 us-gaap Sales Revenue Net
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56501000 USD
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12396000 USD
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24273000 USD
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40016000 USD
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28198000 USD
CY2015 us-gaap Sales Revenue Net
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104883000 USD
CY2013 us-gaap Selling General And Administrative Expense
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16830000 USD
CY2014 us-gaap Selling General And Administrative Expense
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18424000 USD
CY2015 us-gaap Selling General And Administrative Expense
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33028000 USD
CY2013 us-gaap Share Based Compensation
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2472000 USD
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795000 USD
CY2015 us-gaap Share Based Compensation
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1162000 USD
CY2013 us-gaap Shipping Handling And Transportation Costs
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800000 USD
CY2014 us-gaap Shipping Handling And Transportation Costs
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1000000 USD
CY2015 us-gaap Shipping Handling And Transportation Costs
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2500000 USD
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1360000 USD
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819000 USD
CY2015 us-gaap Standard Product Warranty Accrual Payments
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CY2013 us-gaap Standard Product Warranty Accrual Preexisting Increase Decrease
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127000 USD
CY2014 us-gaap Standard Product Warranty Accrual Preexisting Increase Decrease
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871000 USD
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CY2015 us-gaap Stock Issued1
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53588000 USD
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72647000 USD
CY2015Q3 us-gaap Undistributed Earnings Of Foreign Subsidiaries
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3510000 USD
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1600000 USD
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1800000 USD
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500000 USD
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400000 USD
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300000 USD
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370000 USD
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330000 USD
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1800000 USD
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5850000 USD
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3900000 USD
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11460000 USD
CY2013 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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0 shares
CY2014 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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0 shares
CY2015 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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0 shares
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9529000 shares
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9560000 shares
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CY2014Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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9843000 shares
CY2014Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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9846000 shares
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9732000 shares
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9854000 shares
CY2015Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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11997000 shares
CY2015Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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13103000 shares
CY2015Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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13259000 shares
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12022000 shares
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9560000 shares
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CY2015 us-gaap Concentration Risk Credit Risk
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Concentrations of Credit Risk &#8211;</font><font style="font-family:inherit;font-size:10pt;"> Financial instruments that potentially subject the Company to significant concentrations of credit risk consist principally of cash and trade accounts receivable. The Company&#8217;s customers consist of solar cell and semiconductor manufacturers worldwide, as well as the lapping and polishing marketplace. Credit risk is managed by performing ongoing credit evaluations of the customers&#8217; financial condition, by requiring significant deposits where appropriate, and by actively monitoring collections. Letters of credit are required of certain customers depending on the size of the order, type of customer or its creditworthiness, and country of domicile. Reserves for potentially uncollectible receivables are maintained based on an assessment of collectability.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company maintains its cash, cash equivalents and restricted cash in multiple financial institutions. Balances in the United States (approximately </font><font style="font-family:inherit;font-size:10pt;">62%</font><font style="font-family:inherit;font-size:10pt;"> of total cash balances) are primarily invested in US Treasuries or are in financial institutions insured by the Federal Deposit Insurance Corporation (FDIC). The remainder of the Company&#8217;s cash is maintained with financial institutions with reputable credit in The Netherlands, France and China.</font></div></div>
CY2015 us-gaap Revenue Recognition Deferred Revenue
RevenueRecognitionDeferredRevenue
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Deferred Profit &#8211;</font><font style="font-family:inherit;font-size:10pt;"> Revenue deferred pursuant to our revenue policy, net of the related deferred costs, if any, is recorded as deferred profit in current liabilities. </font></div></div>
CY2015 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Use of Estimates -</font><font style="font-family:inherit;font-size:10pt;"> The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.</font></div></div>

Files In Submission

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0000720500-15-000045-index-headers.html Edgar Link pending
0000720500-15-000045-index.html Edgar Link pending
0000720500-15-000045.txt Edgar Link pending
0000720500-15-000045-xbrl.zip Edgar Link pending
asys-20150930.xml Edgar Link completed
asys-20150930.xsd Edgar Link pending
asys-20150930_cal.xml Edgar Link unprocessable
asys-20150930_def.xml Edgar Link unprocessable
asys-20150930_lab.xml Edgar Link unprocessable
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