2014 Q4 Form 10-K Financial Statement

#000086343616000039 Filed on February 29, 2016

View on sec.gov

Income Statement

Concept 2014 Q4 2014 Q3 2014 Q1
Revenue $709.5M $731.3M $639.3M
YoY Change -6.25% 21.95% 17.86%
Cost Of Revenue $653.9M $676.0M $588.2M
YoY Change -6.18% 21.98% 16.34%
Gross Profit $56.11M $55.30M $51.15M
YoY Change -6.24% 21.7% 38.87%
Gross Profit Margin 7.91% 7.56% 8.0%
Selling, General & Admin $27.60M $31.20M $28.15M
YoY Change -5.15% 27.35% 25.69%
% of Gross Profit 49.19% 56.42% 55.04%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $12.50M $11.79M $10.80M
YoY Change 9.65% 17.16% 12.18%
% of Gross Profit 22.28% 21.31% 21.11%
Operating Expenses $27.60M $31.20M $28.15M
YoY Change -5.48% 27.35% 25.69%
Operating Profit $28.51M $21.92M $22.43M
YoY Change -6.97% 4.66% 60.31%
Interest Expense -$100.0K $0.00 $476.0K
YoY Change -150.0% -100.0% 3.7%
% of Operating Profit -0.35% 0.0% 2.12%
Other Income/Expense, Net -$200.0K -$1.400M $26.00K
YoY Change -71.43% -300.0% -91.77%
Pretax Income $28.40M $20.60M $22.50M
YoY Change -52.51% -31.33% 57.72%
Income Tax $5.000M $3.700M $3.372M
% Of Pretax Income 17.61% 17.96% 14.99%
Net Earnings $23.34M $16.91M $19.44M
YoY Change -65.53% -28.51% 71.56%
Net Earnings / Revenue 3.29% 2.31% 3.04%
Basic Earnings Per Share $0.44 $0.32 $0.36
Diluted Earnings Per Share $0.44 $0.31 $0.36
COMMON SHARES
Basic Shares Outstanding 53.66M shares 53.65M shares
Diluted Shares Outstanding 54.27M shares 54.28M shares

Balance Sheet

Concept 2014 Q4 2014 Q3 2014 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $427.4M $420.2M $394.2M
YoY Change 23.67% -1.5% -5.44%
Cash & Equivalents $427.4M $420.2M $394.2M
Short-Term Investments
Other Short-Term Assets $29.00M $36.10M $37.50M
YoY Change -22.87% 7.44% 19.05%
Inventory $401.3M $434.2M $443.2M
Prepaid Expenses
Receivables $520.4M $534.0M $465.0M
Other Receivables $600.0K $200.0K $2.800M
Total Short-Term Assets $1.379B $1.425B $1.343B
YoY Change 2.66% 10.6% 11.92%
LONG-TERM ASSETS
Property, Plant & Equipment $190.2M $190.2M $187.7M
YoY Change 2.62% 9.75% 8.24%
Goodwill $45.97M $45.97M
YoY Change 2.86%
Intangibles
YoY Change
Long-Term Investments $1.200M $9.900M
YoY Change -88.68% -3.88%
Other Assets $29.17M $45.00M $38.64M
YoY Change -28.42% 1.35% -24.09%
Total Long-Term Assets $296.7M $303.2M $315.3M
YoY Change -4.97% 10.13% 11.33%
TOTAL ASSETS
Total Short-Term Assets $1.379B $1.425B $1.343B
Total Long-Term Assets $296.7M $303.2M $315.3M
Total Assets $1.675B $1.728B $1.658B
YoY Change 1.22% 10.51% 11.81%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $289.8M $341.5M $299.7M
YoY Change -9.71% 13.46% 19.36%
Accrued Expenses $63.20M $73.50M $67.60M
YoY Change -6.09% 25.43% 29.25%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $700.0K $700.0K $600.0K
YoY Change 16.67% 16.67% 20.0%
Total Short-Term Liabilities $359.1M $419.3M $376.2M
YoY Change -9.86% 15.29% 22.26%
LONG-TERM LIABILITIES
Long-Term Debt $8.800M $9.000M $9.400M
YoY Change -7.37% -7.22% -6.0%
Other Long-Term Liabilities $17.80M $21.10M $21.60M
YoY Change -12.61% 1.93% 6.4%
Total Long-Term Liabilities $17.80M $30.10M $21.60M
YoY Change -12.61% -0.99% -28.72%
TOTAL LIABILITIES
Total Short-Term Liabilities $359.1M $419.3M $376.2M
Total Long-Term Liabilities $17.80M $30.10M $21.60M
Total Liabilities $376.9M $451.5M $397.8M
YoY Change -10.0% 14.07% 17.1%
SHAREHOLDERS EQUITY
Retained Earnings $644.1M $603.1M
YoY Change 9.83%
Common Stock $5.300M $5.401M
YoY Change -1.54%
Preferred Stock
YoY Change
Treasury Stock (at cost) $0.00 $272.0K
YoY Change -100.0%
Treasury Stock Shares 0.000 shares 111.0K shares
Shareholders Equity $1.290B $1.277B $1.249B
YoY Change
Total Liabilities & Shareholders Equity $1.675B $1.728B $1.658B
YoY Change 1.08% 10.51% 11.81%

Cashflow Statement

Concept 2014 Q4 2014 Q3 2014 Q1
OPERATING ACTIVITIES
Net Income $23.34M $16.91M $19.44M
YoY Change -65.53% -28.51% 71.56%
Depreciation, Depletion And Amortization $12.50M $11.79M $10.80M
YoY Change 9.65% 17.16% 12.18%
Cash From Operating Activities $21.50M $28.20M $60.73M
YoY Change -2250.0% -27.13% 24.84%
INVESTING ACTIVITIES
Capital Expenditures -$8.800M -$6.300M $14.51M
YoY Change 2.33% -7.35% 116.5%
Acquisitions
YoY Change
Other Investing Activities $5.900M $10.10M -$363.0K
YoY Change -109.42% 4950.0%
Cash From Investing Activities -$2.900M $3.800M -$13.59M
YoY Change -95.92% -156.72% 97.74%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $4.537M
YoY Change -62.44%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -11.70M -12.30M 1.568M
YoY Change 20.62% 151.02% -117.91%
NET CHANGE
Cash From Operating Activities 21.50M 28.20M $60.73M
Cash From Investing Activities -2.900M 3.800M -$13.59M
Cash From Financing Activities -11.70M -12.30M 1.568M
Net Change In Cash 6.900M 19.70M $48.71M
YoY Change -108.44% -27.31% 47.52%
FREE CASH FLOW
Cash From Operating Activities $21.50M $28.20M $60.73M
Capital Expenditures -$8.800M -$6.300M $14.51M
Free Cash Flow $30.30M $34.50M $46.22M
YoY Change 298.68% -24.18% 10.2%

Facts In Submission

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318000 shares
CY2014 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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450000 shares
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1300000 shares
CY2014 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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700000 shares
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6300000 USD
CY2014 us-gaap Amortization Of Intangible Assets
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5000000 USD
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10661000 USD
CY2015Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
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9764000 USD
CY2015Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
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9695000 USD
CY2015Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
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9170000 USD
CY2015Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
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12951000 USD
CY2013Q4 us-gaap Earnings Per Share Diluted
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1.25
CY2015 us-gaap Deferred Income Tax Expense Benefit
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-12781000 USD
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619000 USD
CY2015 us-gaap Current Foreign Tax Expense Benefit
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6002000 USD
CY2015 us-gaap Current State And Local Tax Expense Benefit
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798000 USD
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12027000 USD
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-87000 USD
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822000 USD
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4626000 USD
CY2015 us-gaap Income Tax Reconciliation Tax Holidays
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13693000 USD
CY2014 us-gaap Income Tax Reconciliation Tax Holidays
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12721000 USD
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1700000 USD
CY2015Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties Accrued
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1600000 USD
CY2013 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
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104000 USD
CY2015Q4 bhe Unrecognized Tax Benefits Including Interest And Penalties
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16400000 USD
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49672000 USD
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38062000 USD
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45389000 USD
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290945000 USD
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1757000 USD
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8561000 USD
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5821000 USD
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2472000 USD
CY2014 us-gaap Interest Paid Net
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1717000 USD
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2700000 USD
CY2015 us-gaap Restructuring Charges
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8305000 USD
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-3528000 USD
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13000 USD
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2693145000 USD
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45271000 USD
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520389000 USD
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401261000 USD
CY2014Q4 us-gaap Preferred Stock Shares Authorized
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5000000 shares
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145000000 shares
CY2014Q4 us-gaap Common Stock Shares Issued
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52994000 shares
CY2014Q4 us-gaap Commitments And Contingencies
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USD
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2506467000 USD
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2319983000 USD
CY2013 us-gaap Gross Profit
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186484000 USD
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99331000 USD
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116524000 USD
CY2013 us-gaap Interest Expense
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1934000 USD
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572000 USD
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0 USD
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1378616000 USD
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190180000 USD
CY2014Q4 us-gaap Goodwill
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45970000 USD
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29169000 USD
CY2014Q4 us-gaap Assets
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1675348000 USD
CY2014Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
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676000 USD
CY2014Q4 us-gaap Accounts Payable Current
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289786000 USD
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5450000 USD
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63166000 USD
CY2014Q4 us-gaap Liabilities Current
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359078000 USD
CY2014Q4 us-gaap Long Term Debt And Capital Lease Obligations
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8845000 USD
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17800000 USD
CY2014Q4 us-gaap Deferred Tax Liabilities Noncurrent
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0 USD
CY2014Q4 us-gaap Common Stock Value
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5300000 USD
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649715000 USD
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644085000 USD
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-9475000 USD
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1289625000 USD
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1675348000 USD
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2943000 USD
CY2014Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
shares
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0.1
CY2014Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.1
CY2013 us-gaap Investment Income Interest
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1688000 USD
CY2013 us-gaap Other Nonoperating Income Expense
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-315000 USD
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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115963000 USD
CY2013 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
5018000 USD
CY2013 us-gaap Net Income Loss
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110945000 USD
CY2013 us-gaap Earnings Per Share Basic
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2.05
CY2013 us-gaap Earnings Per Share Diluted
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2.03
CY2013 us-gaap Weighted Average Number Of Shares Outstanding Basic
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54213000 shares
CY2013 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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54779000 shares
CY2013 bhe Flood Related Items Net Of Insurance
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-41325000 USD
CY2013 bhe Restructuring Charges And Integration And Acquisition Related Costs
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9348000 USD
CY2013 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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591000 USD
CY2013 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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418000 USD
CY2013 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
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433000 USD
CY2013 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
112387000 USD
CY2013 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
1442000 USD
CY2013 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
2093000 shares
CY2013 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
713000 shares
CY2013 us-gaap Stock Issued During Period Shares Restricted Stock Award Net Of Forfeitures
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27000 shares
CY2012Q4 us-gaap Common Stock Shares Outstanding
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55186000 shares
CY2013 us-gaap Increase Decrease In Accounts Receivable
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56633000 USD
CY2013 us-gaap Increase Decrease In Inventories
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17832000 USD
CY2013 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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-6335000 USD
CY2013 us-gaap Increase Decrease In Accounts Payable Trade
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19725000 USD
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-9305000 USD
CY2013 us-gaap Increase Decrease In Accrued Income Taxes Payable
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10178000 USD
CY2013 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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98863000 USD
CY2013Q4 us-gaap Common Stock Shares Outstanding
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53825000 shares
CY2014 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
1861000 shares
CY2014 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
940000 shares
CY2014 us-gaap Stock Issued During Period Shares Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodSharesRestrictedStockAwardNetOfForfeitures
103000 shares
CY2015 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
3066000 shares
CY2015 us-gaap Stock Issued During Period Shares Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodSharesRestrictedStockAwardNetOfForfeitures
160000 shares
CY2012Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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1139525000 USD
CY2013 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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6267000 USD
CY2013 us-gaap Stock Repurchased And Retired During Period Value
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41168000 USD
CY2013 us-gaap Stock Issued During Period Value Stock Options Exercised
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11203000 USD
CY2013 us-gaap Adjustment To Additional Paid In Capital Income Tax Effect From Share Based Compensation Net
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-1253000 USD
CY2013Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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1226819000 USD
CY2014 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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7213000 USD
CY2014 us-gaap Stock Repurchased And Retired During Period Value
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43800000 USD
CY2014 us-gaap Stock Issued During Period Value Stock Options Exercised
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18867000 USD
CY2014 us-gaap Adjustment To Additional Paid In Capital Income Tax Effect From Share Based Compensation Net
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-25000 USD
CY2014Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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1289625000 USD
CY2015 us-gaap Restricted Stock Shares Issued Net Of Shares For Tax Withholdings
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24000 shares
CY2014 us-gaap Restricted Stock Shares Issued Net Of Shares For Tax Withholdings
RestrictedStockSharesIssuedNetOfSharesForTaxWithholdings
13000 shares
CY2014 us-gaap Restricted Stock Value Shares Issued Net Of Tax Withholdings
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-309000 USD
CY2013 us-gaap Deferred Income Taxes And Tax Credits
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-5786000 USD
CY2013 us-gaap Asset Impairment Charges
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5504000 USD
CY2013 us-gaap Insurance Recoveries
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10748000 USD
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1161000 USD
CY2013 us-gaap Share Based Compensation
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7053000 USD
CY2013 us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
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354000 USD
CY2013 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
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821000 USD
CY2013 us-gaap Payments To Acquire Property Plant And Equipment
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26829000 USD
CY2013 us-gaap Proceeds From Sale Of Property Plant And Equipment
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1908000 USD
CY2013 us-gaap Payments For Software
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1908000 USD
CY2013 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
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-108717000 USD
CY2013 us-gaap Proceeds From Stock Options Exercised
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11203000 USD
CY2013 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
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354000 USD
CY2013 us-gaap Repayments Of Long Term Debt And Capital Securities
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497000 USD
CY2013 us-gaap Payments For Repurchase Of Common Stock
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41168000 USD
CY2014 us-gaap Payments Of Financing Costs
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0 USD
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-30108000 USD
CY2013 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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938000 USD
CY2013 us-gaap Cash And Cash Equivalents Period Increase Decrease
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-39024000 USD
CY2013 us-gaap Depreciation
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36179000 USD
CY2013 us-gaap Adjustment For Amortization
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4763000 USD
CY2015 us-gaap Gain Loss On Sale Of Business
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0 USD
CY2015 us-gaap Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
0 USD
CY2014 us-gaap Proceeds From Insurance Settlement Investing Activities
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550000 USD
CY2013 us-gaap Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
10748000 USD
CY2015 us-gaap Proceeds From Divestiture Of Businesses Net Of Cash Divested
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0 USD
CY2013 us-gaap Payments Of Financing Costs
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0 USD
CY2015Q4 us-gaap Cash Equivalents At Carrying Value
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381600000 USD
CY2014Q4 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
314100000 USD
CY2013 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
324000 shares
CY2013 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1200000 shares
CY2013 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P7Y4M24D
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
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0.42 pure
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.01396 pure
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0 pure
CY2015 us-gaap Foreign Currency Transaction Loss Before Tax
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2300000 USD
CY2014 us-gaap Foreign Currency Transaction Loss Before Tax
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1300000 USD
CY2013 us-gaap Foreign Currency Transaction Loss Before Tax
ForeignCurrencyTransactionLossBeforeTax
900000 USD
CY2014 us-gaap Goodwill Acquired During Period
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1279000 USD
CY2014Q4 us-gaap Finite Lived Intangible Assets Gross
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74685000 USD
CY2014Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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52351000 USD
CY2014Q4 us-gaap Finite Lived Intangible Assets Net
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22334000 USD
CY2014 us-gaap Proceeds From Divestiture Of Businesses
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5700000 USD
CY2014 us-gaap Operating Leases Rent Expense Net
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14600000 USD
CY2015 us-gaap Use Of Estimates
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<div><p style='text-align:left;margin-top:6pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0pt;' >(n) Use of Estimates</font></p><p style='text-align:left;line-height:13pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:13pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >Management of the Company has m</font><font style='font-family:Times New Roman;font-size:10pt;' >ade a number of estimates and assumptions relating to the reporting of assets and liabilities and the disclosure of contingent assets and liabilities to prepare these financial statements in accordance with </font><font style='font-family:Times New Roman;font-size:10pt;' >U.S. GAAP. On an ongoing basis, management evalua</font><font style='font-family:Times New Roman;font-size:10pt;' >tes these estimates, including those related to accounts receivable, inventories, income taxes, long-lived assets, stock-based compensation a</font><font style='font-family:Times New Roman;font-size:10pt;' >nd contingencies and litigation</font><font style='font-family:Times New Roman;font-size:10pt;' >. Actual results could differ from those estimates.</font></p><p style='text-align:left;margin-top:6pt;margin-bottom:0pt;line-height:12pt;' ></p></div>
CY2014Q4 us-gaap Inventory Raw Materials
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266556000 USD
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557258000 USD
CY2014Q4 us-gaap Property Plant And Equipment Gross
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552800000 USD
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362620000 USD
CY2012Q4 us-gaap Goodwill
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37912000 USD
CY2013 us-gaap Operating Leases Rent Expense Net
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11200000 USD
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12207000 USD
CY2015Q4 us-gaap Capital Leases Lessee Balance Sheet Assets By Major Class Accumulated Deprecation
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6761000 USD
CY2015Q4 us-gaap Capital Leases Balance Sheet Assets By Major Class Net
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5446000 USD
CY2015Q4 us-gaap Capital Lease Obligations
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8845000 USD
CY2014Q4 us-gaap Capital Lease Obligations
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9521000 USD
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4134000 USD
CY2015Q4 us-gaap Capital Leases Future Minimum Payments Due
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12696000 USD
CY2015Q4 us-gaap Capital Leases Future Minimum Payments Interest Included In Payments
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3851000 USD
CY2015Q4 us-gaap Capital Leases Future Minimum Payments Present Value Of Net Minimum Payments
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8845000 USD
CY2015Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
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7789000 USD
CY2015Q4 us-gaap Operating Leases Future Minimum Payments Due
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45785000 USD
CY2015Q4 us-gaap Capital Leases Future Minimum Payments Due In Five Years
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1781000 USD
CY2015Q4 us-gaap Capital Leases Future Minimum Payments Due Current
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1645000 USD
CY2015Q4 us-gaap Capital Leases Future Minimum Payments Due In Two Years
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1678000 USD
CY2015Q4 us-gaap Capital Leases Future Minimum Payments Due In Three Years
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1712000 USD
CY2015Q4 us-gaap Capital Leases Future Minimum Payments Due In Four Years
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1746000 USD
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12232000 USD
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9461000 USD
CY2015Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
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7093000 USD
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5191000 USD
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4019000 USD
CY2015 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
3100000 shares
CY2015 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
68400000 USD
CY2015 us-gaap Treasury Stock Acquired Average Cost Per Share
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22.27
CY2014 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
43800000 USD
CY2014 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
23.51
CY2013 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
2100000 shares
CY2013 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
41200000 USD
CY2013 us-gaap Treasury Stock Acquired Average Cost Per Share
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19.65
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
348000 shares
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
791000 shares
CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
4240000 shares
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
85000 shares
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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CY2013 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
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CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
22.88
CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
19.88
CY2014 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
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CY2014 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
20.06
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
22.61
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
20.07
CY2013 us-gaap Current Federal Tax Expense Benefit
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CY2013 us-gaap Current State And Local Tax Expense Benefit
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152000 USD
CY2013 us-gaap Current Foreign Tax Expense Benefit
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11010000 USD
CY2015 us-gaap Current Income Tax Expense Benefit
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CY2014 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
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CY2013 us-gaap Current Income Tax Expense Benefit
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1194000 USD
CY2014 us-gaap Deferred State And Local Income Tax Expense Benefit
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1663000 USD
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1437000 USD
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DeferredForeignIncomeTaxExpenseBenefit
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CY2014 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
1365000 USD
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CY2013 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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24260000 USD
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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19093000 USD
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
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CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
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74369000 USD
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
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CY2014 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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CY2013 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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40662000 USD
CY2015 us-gaap Income Tax Reconciliation State And Local Income Taxes
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1295000 USD
CY2014 us-gaap Income Tax Reconciliation State And Local Income Taxes
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1615000 USD
CY2013 us-gaap Income Tax Reconciliation State And Local Income Taxes
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1033000 USD
CY2015 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
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CY2014 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
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CY2013 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
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1231000 USD
CY2014 us-gaap Income Tax Reconciliation Other Adjustments
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CY2014Q4 us-gaap Deferred Tax Assets Inventory
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6052000 USD
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5620000 USD
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CY2014Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
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5402000 USD
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800000 USD
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789000 USD
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0 USD
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100000 USD
CY2013 us-gaap Depreciation Depletion And Amortization
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40942000 USD
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28737000 USD
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218341000 USD
CY2013Q4 us-gaap Noncurrent Assets
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226070000 USD
CY2014Q4 us-gaap Restructuring Reserve
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CY2013Q4 us-gaap Restructuring Reserve
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1091000 USD
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0.31
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1.26
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CY2015Q4 us-gaap Commitments And Contingencies
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0.21
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0.21
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EarningsPerShareDiluted
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CY2014 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
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CY2013 us-gaap Capital Expenditures Incurred But Not Yet Paid
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3170000 USD
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CY2015Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
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251163000 USD
CY2015Q4 us-gaap Accrued Income Taxes Current
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5069000 USD
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64578000 USD
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333094000 USD
CY2015Q4 us-gaap Long Term Debt And Capital Lease Obligations
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222909000 USD
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CY2015Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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379088000 USD
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CY2015Q4 us-gaap Preferred Stock Shares Authorized
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CY2015Q4 us-gaap Preferred Stock Shares Issued
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shares
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145000000 shares
CY2015Q4 us-gaap Common Stock Shares Issued
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50178000 shares
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50178000 shares
CY2015Q4 us-gaap Common Stock Par Or Stated Value Per Share
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0.1
CY2015 dei Document Type
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10-K
CY2015 dei Amendment Flag
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false
CY2015 dei Document Period End Date
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2015-12-31
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2015
CY2015 dei Document Fiscal Period Focus
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FY
CY2015 dei Entity Registrant Name
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BENCHMARK ELECTRONICS INC
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156000 USD
CY2015Q4 us-gaap Assets Current
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1388628000 USD
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178170000 USD
CY2015Q4 us-gaap Goodwill
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CY2015Q4 us-gaap Deferred Tax Assets Net Noncurrent
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14088000 USD
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113702000 USD
CY2015 dei Entity Central Index Key
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0000863436
CY2015 dei Trading Symbol
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BHE
CY2015 dei Current Fiscal Year End Date
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--12-31
CY2015 dei Entity Filer Category
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Large Accelerated Filer
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49819231 shares
CY2015 dei Entity Well Known Seasoned Issuer
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Yes
CY2015 dei Entity Current Reporting Status
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Yes
CY2015 dei Entity Voluntary Filers
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No
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
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3700000 shares
CY2015 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
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2000000 USD
CY2014 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
18900000 USD
CY2015 us-gaap Employee Service Share Based Compensation Tax Benefit Realized From Exercise Of Stock Options
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2100000 USD
CY2014 us-gaap Employee Service Share Based Compensation Tax Benefit Realized From Exercise Of Stock Options
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2900000 USD
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
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700000 USD
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
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3700000 USD
CY2015Q4 us-gaap Finite Lived Intangible Assets Gross
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57906000 USD
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107408000 USD
CY2015Q4 us-gaap Inventory Raw Materials
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276470000 USD
CY2015Q4 us-gaap Inventory Work In Process
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86475000 USD
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49041000 USD
CY2015Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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465995000 USD
CY2015Q4 us-gaap Accounts Receivable Net Current
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479140000 USD
CY2015Q4 us-gaap Assets
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1893878000 USD
CY2015Q4 us-gaap Available For Sale Securities Amortized Cost
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1000000 USD
CY2014 us-gaap Allocated Share Based Compensation Expense
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6400000 USD
CY2015 us-gaap Allocated Share Based Compensation Expense
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7700000 USD
CY2014 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
2600000 USD
CY2015 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
3100000 USD
CY2015 bhe Incremental Common Shares Attributable To Outstanding Restricted Shares Restricted Stock Units And Phantom Stock
IncrementalCommonSharesAttributableToOutstandingRestrictedSharesRestrictedStockUnitsAndPhantomStock
197000 shares
CY2014 bhe Incremental Common Shares Attributable To Outstanding Restricted Shares Restricted Stock Units And Phantom Stock
IncrementalCommonSharesAttributableToOutstandingRestrictedSharesRestrictedStockUnitsAndPhantomStock
234000 shares
CY2013 bhe Incremental Common Shares Attributable To Outstanding Restricted Shares Restricted Stock Units And Phantom Stock
IncrementalCommonSharesAttributableToOutstandingRestrictedSharesRestrictedStockUnitsAndPhantomStock
242000 shares
CY2014Q4 us-gaap Prepaid Expense And Other Assets Current
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29018000 USD
CY2015Q4 us-gaap Prepaid Expense And Other Assets Current
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31351000 USD
CY2014Q4 us-gaap Deferred Tax Assets Net Noncurrent
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31413000 USD
CY2013 us-gaap Restricted Stock Shares Issued Net Of Shares For Tax Withholdings
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8000 shares
CY2013 us-gaap Restricted Stock Value Shares Issued Net Of Tax Withholdings
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-142000 USD
CY2015 us-gaap Proceeds From Issuance Of Medium Term Notes
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250000000 USD
CY2013 us-gaap Proceeds From Issuance Of Medium Term Notes
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0 USD
CY2013 us-gaap Payments For Proceeds From Other Investing Activities
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-814000 USD
CY2013Q4 us-gaap Assets
Assets
1655086000 USD
CY2015 bhe Assetimpairmentchargeandother
Assetimpairmentchargeandother
0 USD
CY2013 bhe Assetimpairmentchargeandother
Assetimpairmentchargeandother
2606000 USD
CY2014 us-gaap Proceeds From Issuance Of Medium Term Notes
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0 USD
CY2015 us-gaap Payments Of Financing Costs
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3779000 USD
CY2015 us-gaap Severance Costs1
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2542000 USD
CY2015 bhe Facilityleaseobligationsotherbusinessexitcosts
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2462000 USD
CY2015 us-gaap Business Exit Costs1
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3301000 USD
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639344000 USD
CY2014Q1 us-gaap Gross Profit
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51123000 USD
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NetIncomeLoss
19439000 USD
CY2014Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.36
CY2014Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.36
CY2015Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.41
CY2015Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.4
CY2015Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.27
CY2015Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.27
CY2015Q1 us-gaap Sales Revenue Net
SalesRevenueNet
620925000 USD
CY2015Q1 us-gaap Gross Profit
GrossProfit
51779000 USD
CY2015Q1 us-gaap Net Income Loss
NetIncomeLoss
14205000 USD
CY2015Q2 us-gaap Sales Revenue Net
SalesRevenueNet
664038000 USD
CY2015Q2 us-gaap Gross Profit
GrossProfit
55716000 USD
CY2015Q2 us-gaap Net Income Loss
NetIncomeLoss
21210000 USD
CY2013 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
7100000 USD
CY2013 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
2600000 USD
CY2013 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
11200000 USD
CY2013 us-gaap Employee Service Share Based Compensation Tax Benefit Realized From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitRealizedFromExerciseOfStockOptions
2200000 USD
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
3200000 USD
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
9.91
CY2012Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
384579000 USD
CY2013Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
345555000 USD
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
7.87
CY2015 us-gaap Line Of Credit Facility Expiration Date1
LineOfCreditFacilityExpirationDate1
2020-11-12
CY2013 us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
0 USD
CY2014 us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
1547000 USD
CY2013 us-gaap Proceeds From Divestiture Of Businesses Net Of Cash Divested
ProceedsFromDivestitureOfBusinessesNetOfCashDivested
0 USD
CY2014 us-gaap Proceeds From Divestiture Of Businesses Net Of Cash Divested
ProceedsFromDivestitureOfBusinessesNetOfCashDivested
5512000 USD
CY2013 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
94271000 USD
CY2015 bhe Majorcustomerstextblock
Majorcustomerstextblock
<div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:13pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0pt;color:#000000;' >Note 10&#8212;Major Customers </font></p><p style='text-align:left;line-height:13pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:13pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >The Company&#8217;s customers operate in industries that are, to a varying extent, subject to rapid technological change, vigorous competition and short product life cycles. Developments adverse to the electronics industry, the </font><font style='font-family:Times New Roman;font-size:10pt;' >Company&#8217;s customers or their products could impact the Company&#8217;s overall credit risk.</font></p><p style='text-align:left;line-height:13pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:13pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >The Company extends credit based on evaluation of its customers&#8217; financial condition and generally does not require collateral or other security from its customers and w</font><font style='font-family:Times New Roman;font-size:10pt;' >ould incur a loss equal to the carrying value of the accounts receivable if its customer failed to perform according to the terms of the credit arrangement.</font></p><p style='text-align:left;line-height:13pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:13pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' > </font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:13pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >Sales to the ten largest customers represented 47%, 50% and 53% of total sales for </font><font style='font-family:Times New Roman;font-size:10pt;' >2015</font><font style='font-family:Times New Roman;font-size:10pt;' >, </font><font style='font-family:Times New Roman;font-size:10pt;' >2014</font><font style='font-family:Times New Roman;font-size:10pt;' > and </font><font style='font-family:Times New Roman;font-size:10pt;' >2013</font><font style='font-family:Times New Roman;font-size:10pt;' >, respectively. </font><font style='font-family:Times New Roman;font-size:10pt;' >Sales to our largest customers were as follows for the indicated periods:</font></p></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:11.25pt;' ><td style='width:10.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:10.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' ></font></td><td style='width:211.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:211.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' ></font></td><td colspan='5' rowspan='1' style='width:201.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:201.75pt;' ><font style='font-family:Times New Roman;font-size:9pt;font-weight:bold;color:#000000;' >Year ended December 31,</font></td></tr><tr style='height:11.25pt;' ><td colspan='2' rowspan='1' style='width:222pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:222pt;' ><font style='font-family:Times New Roman;font-size:9pt;font-weight:bold;color:#000000;' >(in thousands)</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' ></font></td><td style='width:62.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:62.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;font-weight:bold;color:#000000;' >2015</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:62.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:62.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;font-weight:bold;color:#000000;' >2014</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:62.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:62.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;font-weight:bold;color:#000000;' >2013</font></td></tr><tr style='height:11.25pt;' ><td colspan='2' rowspan='1' style='width:222pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:222pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >International Business Machines Corporation</font></td><td style='width:7.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:62.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:62.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >284,098</font></td><td style='width:7.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:62.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:62.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >312,611</font></td><td style='width:7.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:62.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:62.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >430,205</font></td></tr><tr style='height:11.25pt;' ><td colspan='2' rowspan='1' style='width:222pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:222pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Arris Group, Inc.</font></td><td style='width:7.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:62.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:62.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >*</font></td><td style='width:7.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:62.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:62.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >315,688</font></td><td style='width:7.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:62.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:62.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >*</font></td></tr></table></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:10pt;line-height:13.8pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >* amount is less than 10% of total.</font></p></div>
CY2015 bhe Financialinstrumentsandconcentrationofcreditrisktextblock
Financialinstrumentsandconcentrationofcreditrisktextblock
<div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:13pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0pt;color:#000000;' >Note 11&#8212;Financial Instruments and Concentration of Credit Risk</font></p><p style='text-align:left;line-height:13pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:13pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >The carrying amounts of cash equivalents, accounts and other receivables, accounts payable, accrued liabilities and capital lease and long-term debt obligations and </font><font style='font-family:Times New Roman;font-size:10pt;' >derivative instruments approximate fair value. As of December 31, </font><font style='font-family:Times New Roman;font-size:10pt;' >2015</font><font style='font-family:Times New Roman;font-size:10pt;' >, the Company&#8217;s investments are recorded at fair value. See Note 1(e). The Company uses derivative instruments to manage the variability of foreign currency obligations and interest r</font><font style='font-family:Times New Roman;font-size:10pt;' >ates. The Company does not enter into derivatives for speculative purposes.</font></p><p style='text-align:left;line-height:13pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:13pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >The forward contracts in place as of December 31, </font><font style='font-family:Times New Roman;font-size:10pt;' >2015</font><font style='font-family:Times New Roman;font-size:10pt;' > have not been designated as accounting hedges and, therefore, changes in fair value are recorded within our Consolidated</font><font style='font-family:Times New Roman;font-size:10pt;' > Statements of Income. These foreign currency exchange contracts are not significant as of December 31, </font><font style='font-family:Times New Roman;font-size:10pt;' >2015</font><font style='font-family:Times New Roman;font-size:10pt;' >.</font></p><p style='text-align:left;line-height:13pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:13pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >Effective December 31, 2015, we entered into an interest rate swap agreement with a notional amount of $172.5 million to hedge a portion of ou</font><font style='font-family:Times New Roman;font-size:10pt;' >r interest rate exposure on the outstanding borrowings under our Credit Agreement. Under this interest rate swap agreement, we receive variable rate interest rate payments based on the one-month LIBOR rate and pay fixed rate interest payments. The fixed in</font><font style='font-family:Times New Roman;font-size:10pt;' >terest rate for the contract is 1.4935%. The effect of this swap is to convert a portion of our floating rate interest expense to fixed interest rate expense. Based on the terms of the interest rate swap contract and the underlying borrowings outstanding u</font><font style='font-family:Times New Roman;font-size:10pt;' >nder the Credit Agreement, the interest rate contract was determined to be effective, and thus qualifies as a cash flow hedge. As such, any changes in the fair value of the interest rate swap are recorded in other comprehensive income on the accompanying c</font><font style='font-family:Times New Roman;font-size:10pt;' >onsolidated balance sheets until earnings are affected by the variability of cash flows. The fair value of the interest rate swap was $0 as of December 31, 2015 which was its effective date.</font></p><p style='text-align:left;line-height:13pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:13pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >Financial instruments that subject the Company to credit risk co</font><font style='font-family:Times New Roman;font-size:10pt;' >nsist of cash and cash equivalents, investments and trade accounts receivable. Management maintains the majority of the Company&#8217;s cash and cash equivalents with financial institutions. One of the most significant credit risks is the ultimate realization of</font><font style='font-family:Times New Roman;font-size:10pt;' > accounts receivable. This risk is mitigated by (i) sales to well established companies, (ii) ongoing credit evaluation of customers, and (iii) frequent contact with customers, thus enabling management to monitor current changes in business operations and </font><font style='font-family:Times New Roman;font-size:10pt;' >to respond accordingly. Management considers these concentrations of credit risks in establishing our allowance for doubtful accounts and believes these allowances are adequate. The Company had two customers whose gross accounts receivable exceeded 10% of </font><font style='font-family:Times New Roman;font-size:10pt;' >total gross accounts receivable as of December 31, </font><font style='font-family:Times New Roman;font-size:10pt;' >2015</font><font style='font-family:Times New Roman;font-size:10pt;' >.</font><font style='font-family:Times New Roman;font-size:10pt;' > Our largest customer represented 17% of our total gross accounts receivable and our second largest customer represented 12%.</font></p></div>
CY2015 bhe Scheduleofcapitalleaseobligationsoutstandingtabletextblock
Scheduleofcapitalleaseobligationsoutstandingtabletextblock
<div><table style='border-collapse:collapse;' ><tr style='height:11.25pt;' ><td colspan='5' rowspan='1' style='width:431.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:431.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Capital lease obligations outstanding consist of the following:</font></td></tr><tr style='height:11.25pt;' ><td style='width:261.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:261.75pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' ></font></td><td style='width:9.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:9.75pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' ></font></td><td colspan='3' rowspan='1' style='width:159.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:159.75pt;' ><font style='font-family:Times New Roman;font-size:9pt;font-weight:bold;color:#000000;' >December 31,</font></td></tr><tr style='height:11.25pt;' ><td style='width:261.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:261.75pt;' ><font style='font-family:Times New Roman;font-size:9pt;font-weight:bold;color:#000000;' >(in thousands)</font></td><td style='width:9.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:9.75pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' ></font></td><td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:75pt;' ><font style='font-family:Times New Roman;font-size:9pt;font-weight:bold;color:#000000;' >2015</font></td><td style='width:9.75pt;border-top-style:solid;border-top-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:9.75pt;' ><font style='font-family:Times New Roman;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:75pt;' ><font style='font-family:Times New Roman;font-size:9pt;font-weight:bold;color:#000000;' >2014</font></td></tr><tr style='height:11.25pt;' ><td style='width:261.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:261.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Capital lease obligations</font></td><td style='width:9.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:9.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >8,845</font></td><td style='width:9.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:9.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >9,521</font></td></tr><tr style='height:11.25pt;' ><td style='width:261.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:261.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Less current installments</font></td><td style='width:9.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:9.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >778</font></td><td style='width:9.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:9.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >676</font></td></tr><tr style='height:11.25pt;' ><td style='width:261.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:261.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Capital lease obligations, less current installments</font></td><td style='width:9.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:9.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >8,067</font></td><td style='width:9.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:9.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >8,845</font></td></tr></table></div>
CY2015 bhe Scheduleoffutureminimumleasepaymentsundernoncancelableoperatingleasesandfutureminimumcapitalleasepaymentstabletextblock
Scheduleoffutureminimumleasepaymentsundernoncancelableoperatingleasesandfutureminimumcapitalleasepaymentstabletextblock
<div><table style='border-collapse:collapse;' ><tr style='height:11.25pt;' ><td style='width:261.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:261.75pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' ></font></td><td style='width:9.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:9.75pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' ></font></td><td style='width:75pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:75pt;' ><font style='font-family:Times New Roman;font-size:9pt;font-weight:bold;color:#000000;' >Capital</font></td><td style='width:9.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:9.75pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' ></font></td><td style='width:75pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:75pt;' ><font style='font-family:Times New Roman;font-size:9pt;font-weight:bold;color:#000000;' >Operating</font></td></tr><tr style='height:11.25pt;' ><td style='width:261.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:261.75pt;' ><font style='font-family:Times New Roman;font-size:9pt;font-weight:bold;color:#000000;' >Year ending December 31,</font></td><td style='width:9.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:9.75pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' ></font></td><td style='width:75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:75pt;' ><font style='font-family:Times New Roman;font-size:9pt;font-weight:bold;color:#000000;' >Leases</font></td><td style='width:9.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:9.75pt;' ><font style='font-family:Times New Roman;font-size:9pt;color:#000000;' ></font></td><td style='width:75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:75pt;' ><font style='font-family:Times New Roman;font-size:9pt;font-weight:bold;color:#000000;' >Leases</font></td></tr><tr style='height:11.25pt;' ><td style='width:261.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:261.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >2016</font></td><td style='width:9.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:9.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1,645</font></td><td style='width:9.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:9.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >12,232</font></td></tr><tr style='height:11.25pt;' ><td style='width:261.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:261.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >2017</font></td><td style='width:9.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:9.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1,678</font></td><td style='width:9.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:9.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >9,461</font></td></tr><tr style='height:11.25pt;' ><td style='width:261.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:261.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >2018</font></td><td style='width:9.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:9.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1,712</font></td><td style='width:9.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:9.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >7,093</font></td></tr><tr style='height:11.25pt;' ><td style='width:261.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:261.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >2019</font></td><td style='width:9.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:9.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1,746</font></td><td style='width:9.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:9.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >5,191</font></td></tr><tr style='height:11.25pt;' ><td style='width:261.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:261.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >2020</font></td><td style='width:9.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:9.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1,781</font></td><td style='width:9.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:9.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >4,019</font></td></tr><tr style='height:11.25pt;' ><td style='width:261.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:261.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Thereafter</font></td><td style='width:9.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:9.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >4,134</font></td><td style='width:9.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:9.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >7,789</font></td></tr><tr style='height:11.25pt;' ><td style='width:261.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:261.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Total minimum lease payments</font></td><td style='width:9.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:9.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >12,696</font></td><td style='width:9.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:9.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >45,785</font></td></tr><tr style='height:11.25pt;' ><td style='width:261.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:261.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Less: amount representing interest</font></td><td style='width:9.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:9.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >3,851</font></td><td style='width:9.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:9.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:75pt;border-top-style:double;border-top-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td></tr><tr style='height:11.25pt;' ><td style='width:261.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:261.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Present value of minimum lease payments</font></td><td style='width:9.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:9.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >8,845</font></td><td style='width:9.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:9.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td></tr><tr style='height:11.25pt;' ><td style='width:261.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:261.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Less: current installments</font></td><td style='width:9.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:9.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >778</font></td><td style='width:9.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:9.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td></tr><tr style='height:11.25pt;' ><td style='width:261.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:261.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Capital lease obligations, less current installments</font></td><td style='width:9.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:9.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >8,067</font></td><td style='width:9.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:9.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td></tr></table></div>
CY2014 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
2896638000 USD
CY2014 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
80025000 USD
CY2015 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
2622246000 USD
CY2015 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
95595000 USD
CY2013 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
4600000 USD
CY2013Q4 bhe Buildingheldforsale
Buildingheldforsale
5400000 USD
CY2013Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-9094000 USD
CY2014 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-2900000 USD
CY2014 bhe Discreteincometaxexpensebenefit
Discreteincometaxexpensebenefit
-1227000 USD
CY2014 bhe Incometaxreconciliationlossesinforeignjurisdictionsforwhichnobenefithasbeenprovided
Incometaxreconciliationlossesinforeignjurisdictionsforwhichnobenefithasbeenprovided
5812000 USD
CY2013 bhe Incometaxreconciliationlossesinforeignjurisdictionsforwhichnobenefithasbeenprovided
Incometaxreconciliationlossesinforeignjurisdictionsforwhichnobenefithasbeenprovided
1013000 USD
CY2013 bhe Discreteincometaxexpensebenefit
Discreteincometaxexpensebenefit
0 USD
CY2015 bhe Incometaxreconciliationlossesinforeignjurisdictionsforwhichnobenefithasbeenprovided
Incometaxreconciliationlossesinforeignjurisdictionsforwhichnobenefithasbeenprovided
3711000 USD
CY2015 bhe Discreteincometaxexpensebenefit
Discreteincometaxexpensebenefit
0 USD
CY2014 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
968000 USD
CY2013Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
18174000 USD
CY2013Q4 us-gaap Goodwill
Goodwill
44691000 USD
CY2015Q4 us-gaap Capital Lease Obligations Current
CapitalLeaseObligationsCurrent
778000 USD
CY2015Q4 us-gaap Capital Lease Obligations Noncurrent
CapitalLeaseObligationsNoncurrent
8067000 USD
CY2014Q4 us-gaap Capital Lease Obligations Current
CapitalLeaseObligationsCurrent
676000 USD
CY2014Q4 us-gaap Capital Lease Obligations Noncurrent
CapitalLeaseObligationsNoncurrent
8845000 USD
CY2014 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
1900000 shares
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
19.79
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
3084000 shares
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
20.63
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
20.32
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
1600000 shares
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
2400000 shares
CY2013 bhe Percentageofrevenueaccountedbymajorcustomers
Percentageofrevenueaccountedbymajorcustomers
0.53 pure
CY2014 bhe Percentageofrevenueaccountedbymajorcustomers
Percentageofrevenueaccountedbymajorcustomers
0.5 pure
CY2015 bhe Percentageofrevenueaccountedbymajorcustomers
Percentageofrevenueaccountedbymajorcustomers
0.47 pure
CY2015 bhe Numberoflargestcustomersaccountedforportionofrevenue
Numberoflargestcustomersaccountedforportionofrevenue
10
CY2014 bhe Numberoflargestcustomersaccountedforportionofrevenue
Numberoflargestcustomersaccountedforportionofrevenue
10
CY2013 bhe Numberoflargestcustomersaccountedforportionofrevenue
Numberoflargestcustomersaccountedforportionofrevenue
10
CY2014Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
52994000 shares
CY2015 us-gaap Restructuring And Related Cost Number Of Positions Eliminated
RestructuringAndRelatedCostNumberOfPositionsEliminated
1076
CY2015Q4 us-gaap Long Term Debt And Capital Lease Obligations Repayments Of Principal In Next Twelve Months
LongTermDebtAndCapitalLeaseObligationsRepaymentsOfPrincipalInNextTwelveMonths
12300000 USD
CY2015Q4 us-gaap Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal In Year Two
LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalInYearTwo
12400000 USD
CY2015Q4 us-gaap Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal In Year Three
LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalInYearThree
18300000 USD
CY2015Q4 us-gaap Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal In Year Four
LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalInYearFour
24200000 USD
CY2015Q4 us-gaap Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal In Year Five
LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalInYearFive
168100000 USD
CY2013 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
6779000 USD
CY2015 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
13500000 USD
CY2013 us-gaap Income Tax Reconciliation Tax Contingencies Foreign
IncomeTaxReconciliationTaxContingenciesForeign
0 USD
CY2014 us-gaap Income Tax Reconciliation Tax Contingencies Foreign
IncomeTaxReconciliationTaxContingenciesForeign
0 USD
CY2015 us-gaap Income Tax Reconciliation Tax Contingencies Foreign
IncomeTaxReconciliationTaxContingenciesForeign
-1653000 USD
CY2015 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
1653000 USD
CY2015 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
153320000 USD
CY2015Q4 us-gaap Undistributed Earnings Of Foreign Subsidiaries
UndistributedEarningsOfForeignSubsidiaries
787000000 USD
CY2015Q2 dei Entity Public Float
EntityPublicFloat
1100000000 USD
CY2014Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
0 USD
CY2014Q4 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
9521000 USD
CY2015Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
3676000 USD
CY2015Q4 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
235193000 USD
CY2015 us-gaap Comparability Of Prior Year Financial Data
ComparabilityOfPriorYearFinancialData
<div><p style='text-align:left;margin-top:6pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0pt;' >(t) Adjustments to Previously Reported Amounts</font></p><p style='text-align:left;line-height:13pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:13pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >During the third quarter of 2015, management identified and recorded a </font><font style='font-family:Times New Roman;font-size:10pt;' >correction of an immaterial error related to the remeasurement of a foreign-currency-denominated receivable at one of the Company&#8217;s foreign locations. Management evaluated the materiality of the error from qualitative and quantitative perspectives and dete</font><font style='font-family:Times New Roman;font-size:10pt;' >rmined the error to be immaterial to the consolidated financial statements for the current and prior periods. The Company has revised its previously reported 2014 and 2013 historical consolidated financial statements as published herein to reflect the corr</font><font style='font-family:Times New Roman;font-size:10pt;' >ection of this immaterial error. </font><font style='font-family:Times New Roman;font-size:10pt;' >The effect on certain line items in the December 31, 2014 consolidated balance sheet was as follows:</font></p></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:11.25pt;' ><td style='width:310.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:310.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td colspan='4' rowspan='1' style='width:113.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:113.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;font-weight:bold;color:#000000;' >December 31, 2014</font></td></tr><tr style='height:11.25pt;' ><td style='width:310.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:310.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td colspan='3' rowspan='1' style='width:64.5pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:64.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;font-weight:bold;color:#000000;' >(as previously</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:48.75pt;' ><font style='font-family:Times New Roman;font-size:9pt;font-weight:bold;color:#000000;' ></font></td></tr><tr style='height:11.25pt;' ><td style='width:310.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:310.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;font-weight:bold;color:#000000;' >(in thousands)</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:48.75pt;' ><font style='font-family:Times New Roman;font-size:9pt;font-weight:bold;color:#000000;' > reported)</font></td><td style='width:8.25pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:8.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:7.5pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:48.75pt;' ><font style='font-family:Times New Roman;font-size:9pt;font-weight:bold;color:#000000;' >(as revised)</font></td></tr><tr style='height:11.25pt;' ><td style='width:310.5pt;border-top-style:solid;border-top-width:1;text-align:justify;vertical-align:bottom;border-color:Black;min-width:310.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Prepaids and other assets</font></td><td style='width:7.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:48.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >30,453</font></td><td style='width:8.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:8.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:48.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >29,018</font></td></tr><tr style='height:11.25pt;' ><td style='width:310.5pt;text-align:justify;vertical-align:bottom;border-color:Black;min-width:310.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Income taxes payable</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:48.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:48.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >5,470</font></td><td style='width:8.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:8.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:48.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:48.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >5,450</font></td></tr><tr style='height:11.25pt;' ><td style='width:310.5pt;text-align:justify;vertical-align:bottom;border-color:Black;min-width:310.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Retained earnings</font></td><td style='width:7.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:48.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:48.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >645,500</font></td><td style='width:8.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:8.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:48.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:48.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >644,085</font></td></tr></table></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:13pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >The effect on certain line items in the 2014 and 2013 consolidated statements of income as previously reported was as follows:</font></p></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:11.25pt;' ><td style='width:14.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:14.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:166.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:166.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td colspan='5' rowspan='1' style='width:120.75pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:120.75pt;' ><font style='font-family:Times New Roman;font-size:9pt;font-weight:bold;color:#000000;' >Year Ended</font></td><td style='width:9pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:9pt;' ><font style='font-family:Times New Roman;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td colspan='5' rowspan='1' style='width:120.75pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:120.75pt;' ><font style='font-family:Times New Roman;font-size:9pt;font-weight:bold;color:#000000;' >Year Ended</font></td></tr><tr style='height:11.25pt;' ><td style='width:14.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:14.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:166.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:166.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td colspan='4' rowspan='1' style='width:113.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:113.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;font-weight:bold;color:#000000;' >December 31, 2014</font></td><td style='width:9pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:9pt;' ><font style='font-family:Times New Roman;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td colspan='5' rowspan='1' style='width:120.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:120.75pt;' ><font style='font-family:Times New Roman;font-size:9pt;font-weight:bold;color:#000000;' >December 31, 2013</font></td></tr><tr style='height:11.25pt;' ><td style='width:14.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:14.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:166.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:166.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td colspan='3' rowspan='1' style='width:64.5pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:64.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;font-weight:bold;color:#000000;' >(as previously</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:48.75pt;' ><font style='font-family:Times New Roman;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:9pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:9pt;' ><font style='font-family:Times New Roman;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td colspan='3' rowspan='1' style='width:64.5pt;border-top-style:solid;border-top-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:64.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;font-weight:bold;color:#000000;' >(as previously</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:48.75pt;' ><font style='font-family:Times New Roman;font-size:9pt;font-weight:bold;color:#000000;' ></font></td></tr><tr style='height:11.25pt;' ><td colspan='2' rowspan='1' style='width:180.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:180.75pt;' ><font style='font-family:Times New Roman;font-size:9pt;font-weight:bold;color:#000000;' >(in thousands)</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:48.75pt;' ><font style='font-family:Times New Roman;font-size:9pt;font-weight:bold;color:#000000;' > reported)</font></td><td style='width:8.25pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:8.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:56.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;font-weight:bold;color:#000000;' >(as revised)</font></td><td style='width:9pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:9pt;' ><font style='font-family:Times New Roman;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:7.5pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:48.75pt;' ><font style='font-family:Times New Roman;font-size:9pt;font-weight:bold;color:#000000;' > reported)</font></td><td style='width:8.25pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:8.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:56.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;font-weight:bold;color:#000000;' >(as revised)</font></td></tr><tr style='height:11.25pt;' ><td colspan='2' rowspan='1' style='width:180.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:180.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Other expense</font></td><td style='width:7.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:48.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(452)</font></td><td style='width:8.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:8.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:48.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(1,673)</font></td><td style='width:9pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:9pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:48.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(101)</font></td><td style='width:8.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:8.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:48.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(315)</font></td></tr><tr style='height:11.25pt;' ><td colspan='2' rowspan='1' style='width:180.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:180.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Income tax expense</font></td><td style='width:7.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:48.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:48.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >17,408</font></td><td style='width:8.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:8.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:48.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:48.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >17,388</font></td><td style='width:9pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:9pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:48.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:48.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >5,018</font></td><td style='width:8.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:8.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:48.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:48.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >5,018</font></td></tr><tr style='height:11.25pt;' ><td colspan='2' rowspan='1' style='width:180.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:180.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Net income</font></td><td style='width:7.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:48.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:48.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >82,442</font></td><td style='width:8.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:8.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:48.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:48.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >81,241</font></td><td style='width:9pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:9pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:48.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:48.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >111,159</font></td><td style='width:8.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:8.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:48.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:48.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >110,945</font></td></tr><tr style='height:11.25pt;' ><td colspan='2' rowspan='1' style='width:180.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:180.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Earnings per share:</font></td><td style='width:7.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:48.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:48.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:8.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:8.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:48.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:48.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:9pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:9pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:48.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:48.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:8.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:8.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:48.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:48.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td></tr><tr style='height:11.25pt;' ><td style='width:14.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:14.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:166.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:166.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Basic</font></td><td style='width:7.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:48.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:48.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1.54</font></td><td style='width:8.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:8.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:48.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:48.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1.52</font></td><td style='width:9pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:9pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:48.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:48.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >2.05</font></td><td style='width:8.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:8.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:48.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:48.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >2.05</font></td></tr><tr style='height:11.25pt;' ><td style='width:14.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:14.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:166.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:166.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Diluted</font></td><td style='width:7.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:48.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:48.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1.52</font></td><td style='width:8.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:8.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:48.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:48.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1.50</font></td><td style='width:9pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:9pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:48.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:48.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >2.03</font></td><td style='width:8.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:8.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:48.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:48.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >2.03</font></td></tr></table></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:13pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;color:#000000;' >The effect on cert</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >ain line items in the 2014 and 2013 </font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >consolidated statements of cash flows as previously reported was as follows:</font></p></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:11.25pt;' ><td style='width:180.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:180.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:9.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:9.75pt;' ><font style='font-family:Times New Roman;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td colspan='4' rowspan='1' style='width:113.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:113.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;font-weight:bold;color:#000000;' >December 31, 2014</font></td><td style='width:9pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:9pt;' ><font style='font-family:Times New Roman;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:9pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:9pt;' ><font style='font-family:Times New Roman;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td colspan='4' rowspan='1' style='width:113.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:113.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;font-weight:bold;color:#000000;' >December 31, 2013</font></td></tr><tr style='height:11.25pt;' ><td style='width:180.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:180.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td colspan='3' rowspan='1' style='width:66.75pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:66.75pt;' ><font style='font-family:Times New Roman;font-size:9pt;font-weight:bold;color:#000000;' >(as previously</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:48.75pt;' ><font style='font-family:Times New Roman;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:9pt;' ><font style='font-family:Times New Roman;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td colspan='3' rowspan='1' style='width:66pt;border-top-style:solid;border-top-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:66pt;' ><font style='font-family:Times New Roman;font-size:9pt;font-weight:bold;color:#000000;' >(as previously</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:48.75pt;' ><font style='font-family:Times New Roman;font-size:9pt;font-weight:bold;color:#000000;' ></font></td></tr><tr style='height:11.25pt;' ><td style='width:180.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:180.75pt;' ><font style='font-family:Times New Roman;font-size:9pt;font-weight:bold;color:#000000;' >(in thousands)</font></td><td style='width:9.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:9.75pt;' ><font style='font-family:Times New Roman;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:48.75pt;' ><font style='font-family:Times New Roman;font-size:9pt;font-weight:bold;color:#000000;' > reported)</font></td><td style='width:8.25pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:8.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:7.5pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:48.75pt;' ><font style='font-family:Times New Roman;font-size:9pt;font-weight:bold;color:#000000;' >(as revised)</font></td><td style='width:9pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:9pt;' ><font style='font-family:Times New Roman;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:9pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:9pt;' ><font style='font-family:Times New Roman;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:48.75pt;' ><font style='font-family:Times New Roman;font-size:9pt;font-weight:bold;color:#000000;' > reported)</font></td><td style='width:8.25pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:8.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:7.5pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:48.75pt;' ><font style='font-family:Times New Roman;font-size:9pt;font-weight:bold;color:#000000;' >(as revised)</font></td></tr><tr style='height:11.25pt;' ><td style='width:180.75pt;border-top-style:solid;border-top-width:1;text-align:justify;vertical-align:bottom;border-color:Black;min-width:180.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Net cash provided by operations</font></td><td style='width:9.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:9.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:48.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >136,601</font></td><td style='width:8.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:8.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:48.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >135,440</font></td><td style='width:9pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:9pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:9pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:9pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:48.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >99,077</font></td><td style='width:8.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:8.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:48.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >98,863</font></td></tr><tr style='height:11.25pt;' ><td style='width:180.75pt;text-align:justify;vertical-align:bottom;border-color:Black;min-width:180.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Effect of exchange rate changes</font></td><td style='width:9.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:9.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:48.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:48.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(2,483)</font></td><td style='width:8.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:8.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:48.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:48.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(1,262)</font></td><td style='width:9pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:9pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:9pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:9pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:48.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:48.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >724</font></td><td style='width:8.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:8.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:48.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:48.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >938</font></td></tr></table></div>
CY2014Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
9521000 USD
CY2015Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
238869000 USD

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