2017 Form 10-K Financial Statement

#000086343618000005 Filed on March 01, 2018

View on sec.gov

Income Statement

Concept 2017 2016 Q4 2016 Q1
Revenue $2.454B $620.0M $535.2M
YoY Change 5.69% -0.91% -13.81%
Cost Of Revenue $2.229B $550.0M $498.9M
YoY Change 5.74% -3.2% -12.34%
Gross Profit $225.9M $58.90M $50.32M
YoY Change 5.23% 3.49% -2.83%
Gross Profit Margin 9.2% 9.5% 9.4%
Selling, General & Admin $130.4M $28.40M $28.46M
YoY Change 14.94% 16.87% 0.9%
% of Gross Profit 57.72% 48.22% 56.55%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $48.67M $13.10M $13.91M
YoY Change -11.73% -0.76% 14.57%
% of Gross Profit 21.54% 22.24% 27.64%
Operating Expenses $140.5M $31.30M $28.46M
YoY Change 23.85% 6.83% 0.9%
Operating Profit $76.83M $27.60M $16.27M
YoY Change -0.04% -0.05% -13.04%
Interest Expense -$4.000M -$1.400M $2.334M
YoY Change -142.99% 7.69% 436.55%
% of Operating Profit -5.21% -5.07% 14.35%
Other Income/Expense, Net -$1.786M $300.0K -$223.0K
YoY Change 533.33% -25.0% -78.9%
Pretax Income -$14.98M $22.40M $13.98M
YoY Change -249.93% 6.67% -20.81%
Income Tax $102.9M $3.800M $2.923M
% Of Pretax Income 16.96% 20.92%
Net Earnings -$31.90M $19.33M $9.374M
YoY Change -149.9% -50.97% -34.01%
Net Earnings / Revenue -1.3% 3.12% 1.75%
Basic Earnings Per Share -$0.64 $0.39 $0.19
Diluted Earnings Per Share -$0.64 $0.39 $0.19
COMMON SHARES
Basic Shares Outstanding 49.68M shares 48.88M shares 49.85M shares
Diluted Shares Outstanding 49.68M shares 50.29M shares

Balance Sheet

Concept 2017 2016 Q4 2016 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $742.5M $681.4M $519.2M
YoY Change 8.97% 46.22% 35.35%
Cash & Equivalents $742.5M $681.4M $519.2M
Short-Term Investments
Other Short-Term Assets $36.00M $28.10M $37.10M
YoY Change 28.11% -10.51% -9.95%
Inventory $268.9M $381.3M $389.9M
Prepaid Expenses
Receivables $583.1M $440.7M $414.2M
Other Receivables $100.0K $100.0K $0.00
Total Short-Term Assets $1.631B $1.532B $1.360B
YoY Change 6.46% 10.3% 1.33%
LONG-TERM ASSETS
Property, Plant & Equipment $186.5M $166.1M $174.0M
YoY Change 12.28% -6.75% -6.99%
Goodwill $191.6M $199.5M
YoY Change -3.85% 333.91%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $9.700M $102.7M $110.6M
YoY Change -25.38% -9.7% 297.25%
Total Long-Term Assets $478.6M $477.3M $498.9M
YoY Change 2.48% -5.54% 73.86%
TOTAL ASSETS
Total Short-Term Assets $1.631B $1.532B $1.360B
Total Long-Term Assets $478.6M $477.3M $498.9M
Total Assets $2.109B $2.009B $1.859B
YoY Change 5.53% 6.07% 14.1%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $362.7M $326.2M $218.2M
YoY Change 11.19% 29.9% -12.2%
Accrued Expenses $85.70M $70.20M $66.10M
YoY Change 22.08% 8.67% 13.38%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $18.30M $12.40M $12.30M
YoY Change 47.58% 0.81% 1657.14%
Total Short-Term Liabilities $478.3M $412.4M $301.7M
YoY Change 15.98% 23.8% -3.51%
LONG-TERM LIABILITIES
Long-Term Debt $193.4M $211.3M $220.0M
YoY Change -8.47% -5.2% 2428.74%
Other Long-Term Liabilities $89.70M $9.570M $17.14M
YoY Change 834.38% -40.08% -1.56%
Total Long-Term Liabilities $283.1M $9.570M $17.14M
YoY Change 28.16% -40.08% -1.56%
TOTAL LIABILITIES
Total Short-Term Liabilities $478.3M $412.4M $301.7M
Total Long-Term Liabilities $283.1M $9.570M $17.14M
Total Liabilities $770.2M $422.0M $318.8M
YoY Change 21.64% 20.88% -3.4%
SHAREHOLDERS EQUITY
Retained Earnings $748.4M $709.4M
YoY Change 6.17% 8.93%
Common Stock $4.933M $4.966M
YoY Change -1.69% -5.37%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.339B $1.365B $1.320B
YoY Change
Total Liabilities & Shareholders Equity $2.109B $1.999B $1.859B
YoY Change 5.53% 5.53% 14.1%

Cashflow Statement

Concept 2017 2016 Q4 2016 Q1
OPERATING ACTIVITIES
Net Income -$31.90M $19.33M $9.374M
YoY Change -149.9% -50.97% -34.01%
Depreciation, Depletion And Amortization $48.67M $13.10M $13.91M
YoY Change -11.73% -0.76% 14.57%
Cash From Operating Activities $145.8M $44.50M $77.10M
YoY Change -46.6% 55.05% -807.02%
INVESTING ACTIVITIES
Capital Expenditures $50.79M -$6.900M $7.700M
YoY Change 66.63% 32.69% -52.8%
Acquisitions $0.00
YoY Change
Other Investing Activities $2.145M $100.0K -$62.00K
YoY Change 883.94% -100.04% 12.73%
Cash From Investing Activities -$56.12M -$6.800M -$7.600M
YoY Change 164.16% -97.1% -53.54%
FINANCING ACTIVITIES
Cash Dividend Paid $0.00
YoY Change
Common Stock Issuance & Retirement, Net $29.35M $14.21M
YoY Change -30.01% -9.97%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$31.35M 9.500M -16.90M
YoY Change -11.21% -95.47% 14.31%
NET CHANGE
Cash From Operating Activities $145.8M 44.50M 77.10M
Cash From Investing Activities -$56.12M -6.800M -7.600M
Cash From Financing Activities -$31.35M 9.500M -16.90M
Net Change In Cash $61.11M 47.20M 52.60M
YoY Change -71.78% 1080.0% -225.1%
FREE CASH FLOW
Cash From Operating Activities $145.8M $44.50M $77.10M
Capital Expenditures $50.79M -$6.900M $7.700M
Free Cash Flow $95.06M $51.40M $69.40M
YoY Change -60.82% 51.62% -354.99%

Facts In Submission

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OtherNonoperatingIncomeExpense
-1141000 USD
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
90039000 USD
CY2015 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-5362000 USD
CY2015 bhe Restructuring Charges And Other Costs
RestructuringChargesAndOtherCosts
13861000 USD
CY2015 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-3391000 USD
CY2015 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-31000 USD
CY2015 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax
-119000 USD
CY2015 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
91860000 USD
CY2015 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
3066000 shares
CY2015 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
114000 shares
CY2015 us-gaap Stock Issued During Period Shares Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodSharesRestrictedStockAwardNetOfForfeitures
160000 shares
CY2014Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
52994000 shares
CY2015Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
50178000 shares
CY2015 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-52847000 USD
CY2016 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
1959000 shares
CY2017 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
963000 shares
CY2017 us-gaap Stock Issued During Period Shares Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodSharesRestrictedStockAwardNetOfForfeitures
206000 shares
CY2014Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1289625000 USD
CY2015 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
7709000 USD
CY2015 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
68365000 USD
CY2015 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
1976000 USD
CY2015 us-gaap Adjustment To Additional Paid In Capital Income Tax Effect From Share Based Compensation Net
AdjustmentToAdditionalPaidInCapitalIncomeTaxEffectFromShareBasedCompensationNet
-330000 USD
CY2015Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1321904000 USD
CY2016 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
5322000 USD
CY2016 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
41929000 USD
CY2016 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
18825000 USD
CY2016 us-gaap Adjustment To Additional Paid In Capital Income Tax Effect From Share Based Compensation Net
AdjustmentToAdditionalPaidInCapitalIncomeTaxEffectFromShareBasedCompensationNet
-976000 USD
CY2016Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1365465000 USD
CY2017 us-gaap Restricted Stock Shares Issued Net Of Shares For Tax Withholdings
RestrictedStockSharesIssuedNetOfSharesForTaxWithholdings
12000 shares
CY2016 us-gaap Restricted Stock Shares Issued Net Of Shares For Tax Withholdings
RestrictedStockSharesIssuedNetOfSharesForTaxWithholdings
26000 shares
CY2016 us-gaap Restricted Stock Value Shares Issued Net Of Tax Withholdings
RestrictedStockValueSharesIssuedNetOfTaxWithholdings
-568000 USD
CY2015 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
-12781000 USD
CY2015 us-gaap Asset Impairment Charges
AssetImpairmentCharges
1201000 USD
CY2015 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
85000 USD
CY2015 us-gaap Share Based Compensation
ShareBasedCompensation
7709000 USD
CY2015 us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
481000 USD
CY2015 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-3974000 USD
CY2015 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
3202000 USD
CY2015 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
-41388000 USD
CY2015 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-4533000 USD
CY2015 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-959000 USD
CY2015 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
147375000 USD
CY2015 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
50000 USD
CY2015 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
37128000 USD
CY2015 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
605000 USD
CY2015 us-gaap Payments For Software
PaymentsForSoftware
934000 USD
CY2015 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
1976000 USD
CY2015 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
481000 USD
CY2016 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
0 USD
CY2015 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
159066000 USD
CY2015 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-1021000 USD
CY2015 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
38619000 USD
CY2015 us-gaap Depreciation
Depreciation
42822000 USD
CY2015 us-gaap Adjustment For Amortization
AdjustmentForAmortization
6850000 USD
CY2015 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
3779000 USD
CY2016Q4 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
531800000 USD
CY2015 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y4M24D
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.35 pure
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.01886 pure
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0 pure
CY2017 us-gaap Foreign Currency Transaction Loss Before Tax
ForeignCurrencyTransactionLossBeforeTax
2100000 USD
CY2016 us-gaap Foreign Currency Transaction Loss Before Tax
ForeignCurrencyTransactionLossBeforeTax
500000 USD
CY2015 us-gaap Foreign Currency Transaction Loss Before Tax
ForeignCurrencyTransactionLossBeforeTax
2300000 USD
CY2017 us-gaap Use Of Estimates
UseOfEstimates
<div><p style='text-align:left;line-height:13pt;' ></p><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;font-weight:bold;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;font-weight:bold;margin-left:0pt;' >(m</font><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;' >) 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 ma</font><font style='font-family:Times New Roman;font-size:10pt;' >de 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 evaluat</font><font style='font-family:Times New Roman;font-size:10pt;' >es 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>
CY2016Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
233111000 USD
CY2016Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
113496000 USD
CY2016Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
34727000 USD
CY2017Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
618516000 USD
CY2016Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
572523000 USD
CY2016Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
406375000 USD
CY2014Q4 us-gaap Goodwill
Goodwill
45970000 USD
CY2016Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
167103000 USD
CY2016Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
70817000 USD
CY2016Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
96286000 USD
CY2016 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
14400000 USD
CY2015 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
13500000 USD
CY2017Q4 us-gaap Capital Leased Assets Gross
CapitalLeasedAssetsGross
12207000 USD
CY2017Q4 us-gaap Capital Leases Lessee Balance Sheet Assets By Major Class Accumulated Deprecation
CapitalLeasesLesseeBalanceSheetAssetsByMajorClassAccumulatedDeprecation
8263000 USD
CY2017Q4 us-gaap Capital Leases Balance Sheet Assets By Major Class Net
CapitalLeasesBalanceSheetAssetsByMajorClassNet
3944000 USD
CY2017Q4 us-gaap Capital Lease Obligations
CapitalLeaseObligations
7172000 USD
CY2016Q4 us-gaap Capital Lease Obligations
CapitalLeaseObligations
8068000 USD
CY2017Q4 us-gaap Capital Leases Future Minimum Payments Due Thereafter
CapitalLeasesFutureMinimumPaymentsDueThereafter
465000 USD
CY2017Q4 us-gaap Capital Leases Future Minimum Payments Due
CapitalLeasesFutureMinimumPaymentsDue
9373000 USD
CY2017Q4 us-gaap Capital Leases Future Minimum Payments Interest Included In Payments
CapitalLeasesFutureMinimumPaymentsInterestIncludedInPayments
2201000 USD
CY2017Q4 us-gaap Capital Leases Future Minimum Payments Present Value Of Net Minimum Payments
CapitalLeasesFutureMinimumPaymentsPresentValueOfNetMinimumPayments
7172000 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
19226000 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
69127000 USD
CY2017Q4 us-gaap Capital Leases Future Minimum Payments Due In Five Years
CapitalLeasesFutureMinimumPaymentsDueInFiveYears
1853000 USD
CY2017Q4 us-gaap Capital Leases Future Minimum Payments Due Current
CapitalLeasesFutureMinimumPaymentsDueCurrent
1712000 USD
CY2017Q4 us-gaap Capital Leases Future Minimum Payments Due In Two Years
CapitalLeasesFutureMinimumPaymentsDueInTwoYears
1746000 USD
CY2017Q4 us-gaap Capital Leases Future Minimum Payments Due In Three Years
CapitalLeasesFutureMinimumPaymentsDueInThreeYears
1781000 USD
CY2017Q4 us-gaap Capital Leases Future Minimum Payments Due In Four Years
CapitalLeasesFutureMinimumPaymentsDueInFourYears
1816000 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
13750000 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
12342000 USD
CY2016 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
5300000 USD
CY2015Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.4
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
10086000 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
7980000 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
5743000 USD
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
289000 shares
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
32000 shares
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
2437000 shares
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
455000 shares
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1197000 shares
CY2015 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
23.14
CY2015 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
17.39
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
23.4
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
20.07
CY2016 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
20.29
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
23.49
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
19.51
CY2015 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
619000 USD
CY2015 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
798000 USD
CY2015 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
6002000 USD
CY2017 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
95485000 USD
CY2016 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
-2914000 USD
CY2015 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
7419000 USD
CY2017 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
10177000 USD
CY2016 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
3926000 USD
CY2015 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-12322000 USD
CY2017 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-213000 USD
CY2016 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
1196000 USD
CY2015 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
1194000 USD
CY2017 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-702000 USD
CY2016 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
1933000 USD
CY2015 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-1653000 USD
CY2015 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-12781000 USD
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-12131000 USD
CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
6520000 USD
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
18599000 USD
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
84913000 USD
CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
61668000 USD
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
71440000 USD
CY2017 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
25474000 USD
CY2016 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
23866000 USD
CY2015 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
31514000 USD
CY2017 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
384000 USD
CY2016 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
1102000 USD
CY2015 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
1295000 USD
CY2017 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
-20703000 USD
CY2016 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
-15496000 USD
CY2015 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
-21820000 USD
CY2017 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
-203000 USD
CY2016 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
-1152000 USD
CY2015 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
-19640000 USD
CY2017 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
3640000 USD
CY2016 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
1985000 USD
CY2016Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
71221000 USD
CY2017Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
15823000 USD
CY2016Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
16026000 USD
CY2017Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
28156000 USD
CY2016Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
55195000 USD
CY2017Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
8543000 USD
CY2015 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
1231000 USD
CY2016Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
11499000 USD
CY2017Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
1715000 USD
CY2016Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
1632000 USD
CY2016Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
6572000 USD
CY2017Q4 us-gaap Deferred Tax Assets Goodwill And Intangible Assets
DeferredTaxAssetsGoodwillAndIntangibleAssets
2732000 USD
CY2017Q4 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
2474000 USD
CY2016Q4 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
2400000 USD
CY2017Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
6387000 USD
CY2016Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
5663000 USD
CY2017Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
2359000 USD
CY2016Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
3856000 USD
CY2017Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
22096000 USD
CY2016Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
38988000 USD
CY2017Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
2007000 USD
CY2016Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
8688000 USD
CY2017Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
5924000 USD
CY2016Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
6812000 USD
CY2017Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
43979000 USD
CY2016Q4 us-gaap Deferred Tax Assets Goodwill And Intangible Assets
DeferredTaxAssetsGoodwillAndIntangibleAssets
4814000 USD
CY2017Q4 us-gaap Deferred Tax Liabilities Other Finite Lived Assets
DeferredTaxLiabilitiesOtherFiniteLivedAssets
20891000 USD
CY2016Q4 us-gaap Deferred Tax Liabilities Other Finite Lived Assets
DeferredTaxLiabilitiesOtherFiniteLivedAssets
35492000 USD
CY2017 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
200000 USD
CY2016 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
1200000 USD
CY2015 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
19500000 USD
CY2015 us-gaap Income Tax Reconciliation Tax Holidays
IncomeTaxReconciliationTaxHolidays
13693000 USD
CY2016Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
7791000 USD
CY2014Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
14756000 USD
CY2017 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
894000 USD
CY2016 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
89000 USD
CY2016 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
333000 USD
CY2015 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
789000 USD
CY2017Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
708000 USD
CY2017 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
8197000 USD
CY2017 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
220000 USD
CY2015 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
49672000 USD
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BENCHMARK ELECTRONICS INC
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0000863436
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BHE
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100000 USD
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600000 shares
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CY2017 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 </font><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;color:#000000;' >10</font><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;color:#000000;' >&#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;' >Sales to the ten largest custo</font><font style='font-family:Times New Roman;font-size:10pt;' >mers represented 46%, 43% and 47</font><font style='font-family:Times New Roman;font-size:10pt;' >% of total sales for </font><font style='font-family:Times New Roman;font-size:10pt;' >2017</font><font style='font-family:Times New Roman;font-size:10pt;' >, </font><font style='font-family:Times New Roman;font-size:10pt;' >2016</font><font style='font-family:Times New Roman;font-size:10pt;' > and </font><font style='font-family:Times New Roman;font-size:10pt;' >2015</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:14.25pt;' ><td style='width:3pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:3pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><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:256.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:256.5pt;' ><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='7' rowspan='1' style='width:153.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:153.75pt;' ><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:14.25pt;' ><td colspan='3' rowspan='1' style='width:270pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:270pt;' ><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:41.25pt;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:41.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;font-weight:bold;color:#000000;' >2017</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: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:41.25pt;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:41.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;font-weight:bold;color:#000000;' >2016</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: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:41.25pt;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:41.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;font-weight:bold;color:#000000;' >2015</font></td></tr><tr style='height:14.25pt;' ><td style='width:3pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:3pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:267pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:267pt;' ><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;' >$</font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >284,636</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;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: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;' >$</font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >284,098</font></td></tr><tr style='height:14.25pt;' ><td style='width:3pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:3pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:267pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:267pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Applied Materials, Inc.</font></td><td style='width:7.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:41.25pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >248,183</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: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;' >$</font></td><td style='width:41.25pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:41.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >*</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:41.25pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:41.25pt;' ><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>
CY2017 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 </font><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;color:#000000;' >11</font><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;color:#000000;' >&#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 Company&#8217;s financial instruments include cash equivalents, accounts and other receivables, accounts payable, accrued liabilities and long-term debt and capital lease obligations. </font><font style='font-family:Times New Roman;font-size:10pt;' >The Company believes that the carrying values of these instruments approxi</font><font style='font-family:Times New Roman;font-size:10pt;' >mate fair value</font><font style='font-family:Times New Roman;font-size:10pt;' >. As of December 31, </font><font style='font-family:Times New Roman;font-size:10pt;' >2017</font><font style='font-family:Times New Roman;font-size:10pt;' >, the </font><font style='font-family:Times New Roman;font-size:10pt;' >Company&#8217;s long-term investments and derivative instruments were recorded at fair value using Level 3 inputs. The Company uses derivat</font><font style='font-family:Times New Roman;font-size:10pt;' >ive instruments to manage the variability of foreign currency obligations and interest rates. The Company does not enter into derivative</font><font style='font-family:Times New Roman;font-size:10pt;' > arrangement</font><font style='font-family:Times New Roman;font-size:10pt;' >s for speculative purposes</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;' >The forward contracts in place as of December 31, </font><font style='font-family:Times New Roman;font-size:10pt;' >2017</font><font style='font-family:Times New Roman;font-size:10pt;' > have not been designa</font><font style='font-family:Times New Roman;font-size:10pt;' >ted as accounting hedges and, therefore, changes in fair value are recorded within our Con</font><font style='font-family:Times New Roman;font-size:10pt;' >solidated Statements of Income.</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 has an interest rate swap agreement with a notional amount </font><font style='font-family:Times New Roman;font-size:10pt;' >of </font><font style='font-family:Times New Roman;font-size:10pt;' >$155.3 million and $163.9</font><font style='font-family:Times New Roman;font-size:10pt;' > million</font><font style='font-family:Times New Roman;font-size:10pt;' > as of December 31, </font><font style='font-family:Times New Roman;font-size:10pt;' >2017</font><font style='font-family:Times New Roman;font-size:10pt;' > and </font><font style='font-family:Times New Roman;font-size:10pt;' >2016</font><font style='font-family:Times New Roman;font-size:10pt;' >, respectively,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >to hedge a portion of its interest rate exposure on outstanding borrowings under the Credit Agreement. Under this interest rate swap agreement, the Company receives variable rate interest rate payments based on the one-month LI</font><font style='font-family:Times New Roman;font-size:10pt;' >BOR rate and pays fixed rate interest payments. The fixed interest rate for the contract is 1.4935%. The effect of this swap is to convert a portion of the floating rate interest expense to fixed interest rate expense. Based on the terms of the interest ra</font><font style='font-family:Times New Roman;font-size:10pt;' >te swap contract and the underlying borrowings outstanding under the Credit Agreement, the interest rate contract was determined to be </font><font style='font-family:Times New Roman;font-size:10pt;' >highly </font><font style='font-family:Times New Roman;font-size:10pt;' >effective, and thus qualifies and has been designated as a cash flow hedge. As such, changes in the fair value of </font><font style='font-family:Times New Roman;font-size:10pt;' >the interest rate swap are recorded in other comprehensive income on the accompanying Condensed Consolidated Balance Sheets until earnings are affected by the variability of cash flows</font><font style='font-family:Times New Roman;font-size:10pt;' >. The fair value of the interest rate swap was</font><font style='font-family:Times New Roman;font-size:10pt;' > a $2.0 million asset as o</font><font style='font-family:Times New Roman;font-size:10pt;' >f December 31, </font><font style='font-family:Times New Roman;font-size:10pt;' >2017</font><font style='font-family:Times New Roman;font-size:10pt;' > and $0.5</font><font style='font-family:Times New Roman;font-size:10pt;' > as of December 31, 201</font><font style='font-family:Times New Roman;font-size:10pt;' >6,</font><font style='font-family:Times New Roman;font-size:10pt;' > which was its effective date.</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >During th</font><font style='font-family:Times New Roman;font-size:10pt;' >e year ended December 31, </font><font style='font-family:Times New Roman;font-size:10pt;' >2017</font><font style='font-family:Times New Roman;font-size:10pt;' >, the Company</font><font style='font-family:Times New Roman;font-size:10pt;' > recorded unrealized gains of $1.5 million ($0.9</font><font style='font-family:Times New Roman;font-size:10pt;' > million net of tax) on the swap in other comprehensive income. </font><font style='font-family:Times New Roman;font-size:10pt;' >Du</font><font style='font-family:Times New Roman;font-size:10pt;' >ring the year ended December 31, </font><font style='font-family:Times New Roman;font-size:10pt;' >2016</font><font style='font-family:Times New Roman;font-size:10pt;' >, the Company recorded unrealized gains of $0.5 million ($0.3 million net of tax) on the swap in other comprehensive income. See Note </font><font style='font-family:Times New Roman;font-size:10pt;' >19</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;' >Financial instruments that subject the Company to credit risk consist </font><font style='font-family:Times New Roman;font-size:10pt;' >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. </font><font style='font-family:Times New Roman;font-size:10pt;' >One of the most significant credit risks is the ultimate realization of accou</font><font style='font-family:Times New Roman;font-size:10pt;' >nts 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 to res</font><font style='font-family:Times New Roman;font-size:10pt;' >pond accordingly. Management considers these concentrations of credit risks in establishing our allowance for doubtful accounts and believes these allowances are adequate. </font><font style='font-family:Times New Roman;font-size:10pt;' >The Company had two customers whose gross accounts receivable exceeded 10% of total </font><font style='font-family:Times New Roman;font-size:10pt;' >gross accounts receivable as of December 31, </font><font style='font-family:Times New Roman;font-size:10pt;' >2017</font><font style='font-family:Times New Roman;font-size:10pt;' >. One customer represented 19</font><font style='font-family:Times New Roman;font-size:10pt;' >% of our total gross accounts receivable and </font><font style='font-family:Times New Roman;font-size:10pt;' >the second customer represented 11</font><font style='font-family:Times New Roman;font-size:10pt;' >%.</font></p></div>
CY2017Q4 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
581400000 USD
CY2017Q1 us-gaap Gross Profit
GrossProfit
49060000 USD
CY2016Q1 us-gaap Gross Profit
GrossProfit
50317000 USD
CY2016Q2 us-gaap Gross Profit
GrossProfit
52854000 USD
CY2016Q3 us-gaap Gross Profit
GrossProfit
52822000 USD
CY2017Q2 us-gaap Gross Profit
GrossProfit
58587000 USD
CY2017Q3 us-gaap Gross Profit
GrossProfit
58155000 USD
CY2016Q1 us-gaap Net Income Loss
NetIncomeLoss
11052000 USD
CY2017Q2 us-gaap Sales Revenue Net
SalesRevenueNet
616904000 USD
CY2017Q3 us-gaap Sales Revenue Net
SalesRevenueNet
603550000 USD
CY2016Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.22
CY2016Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.26
CY2016Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.44
CY2017Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.35
CY2017Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.35
CY2016Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.22
CY2017Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.19
CY2017Q1 us-gaap Net Income Loss
NetIncomeLoss
9687000 USD
CY2015Q4 us-gaap Net Income Loss
NetIncomeLoss
39421000 USD
CY2016Q2 us-gaap Net Income Loss
NetIncomeLoss
12685000 USD
CY2016Q3 us-gaap Net Income Loss
NetIncomeLoss
21742000 USD
CY2017Q2 us-gaap Net Income Loss
NetIncomeLoss
17176000 USD
CY2017Q3 us-gaap Net Income Loss
NetIncomeLoss
17512000 USD
CY2016Q1 us-gaap Sales Revenue Net
SalesRevenueNet
549225000 USD
CY2017Q1 us-gaap Sales Revenue Net
SalesRevenueNet
566501000 USD
CY2015Q4 us-gaap Sales Revenue Net
SalesRevenueNet
625719000 USD
CY2016Q2 us-gaap Sales Revenue Net
SalesRevenueNet
579342000 USD
CY2016Q3 us-gaap Sales Revenue Net
SalesRevenueNet
574341000 USD
CY2015Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.77
CY2016Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.26
CY2016Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.44
CY2017Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.34
CY2017Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.35
CY2015Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.78
CY2015Q4 us-gaap Gross Profit
GrossProfit
56909000 USD
CY2017Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.2
CY2017Q4 us-gaap Long Term Debt And Capital Lease Obligations Repayments Of Principal In Next Twelve Months
LongTermDebtAndCapitalLeaseObligationsRepaymentsOfPrincipalInNextTwelveMonths
18300000 USD
CY2017Q4 us-gaap Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal In Year Two
LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalInYearTwo
24200000 USD
CY2017Q4 us-gaap Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal In Year Three
LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalInYearThree
168100000 USD
CY2017Q4 us-gaap Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal In Year Four
LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalInYearFour
1500000 USD
CY2017Q4 us-gaap Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal In Year Five
LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalInYearFive
1700000 USD
CY2016Q4 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
0 USD
CY2017 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Expense
UnrecognizedTaxBenefitsInterestOnIncomeTaxesExpense
0 USD
CY2017Q2 dei Entity Public Float
EntityPublicFloat
1600000000 USD
CY2015 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
571000 USD
CY2017 bhe Scheduleofcapitalleaseobligationsoutstandingtabletextblock
Scheduleofcapitalleaseobligationsoutstandingtabletextblock
<div><table style='border-collapse:collapse;' ><tr style='height:14.25pt;' ><td colspan='2' rowspan='1' style='width:328.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:328.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Capital lease obligations outstanding consist of the following:</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:37.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;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:10pt;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:10pt;color:#000000;' ></font></td><td style='width:37.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td></tr><tr style='height:14.25pt;' ><td style='width:2.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:2.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:326.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:326.25pt;' ><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='4' rowspan='1' style='width:92.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:92.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;font-weight:bold;color:#000000;' >December 31,</font></td></tr><tr style='height:14.25pt;' ><td colspan='2' rowspan='1' style='width:328.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:328.5pt;' ><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:37.5pt;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:37.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;font-weight:bold;color:#000000;' >2017</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: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:37.5pt;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:37.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;font-weight:bold;color:#000000;' >2016</font></td></tr><tr style='height:14.25pt;' ><td style='width:2.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:2.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:326.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:326.25pt;' ><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:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >7,172</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: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:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >8,068</font></td></tr><tr style='height:14.25pt;' ><td style='width:2.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:2.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:326.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:326.25pt;' ><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:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1,025</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: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:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >896</font></td></tr><tr style='height:14.25pt;' ><td style='width:2.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:2.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:326.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:326.25pt;' ><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:37.5pt;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:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >6,147</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: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:37.5pt;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:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >7,172</font></td></tr></table></div>
CY2017 bhe Scheduleoffutureminimumleasepaymentsundernoncancelableoperatingleasesandfutureminimumcapitalleasepaymentstabletextblock
Scheduleoffutureminimumleasepaymentsundernoncancelableoperatingleasesandfutureminimumcapitalleasepaymentstabletextblock
<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;' >Future minimum capital lease payments and future minimum lease payments under noncancelable operating leases are as follows (in thousands):</font></p></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:14.25pt;' ><td style='width:3pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:3pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:326.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:326.25pt;' ><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:37.5pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;font-weight:bold;color:#000000;' >Capital</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 colspan='3' rowspan='1' style='width:47.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:47.25pt;' ><font style='font-family:Times New Roman;font-size:9pt;font-weight:bold;color:#000000;' >Operating</font></td></tr><tr style='height:14.25pt;' ><td colspan='2' rowspan='1' style='width:329.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:329.25pt;' ><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:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;font-weight:bold;color:#000000;' >Leases</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: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 colspan='2' rowspan='1' style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:9pt;font-weight:bold;color:#000000;' >Leases</font></td></tr><tr style='height:14.25pt;' ><td style='width:3pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:3pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:326.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:326.25pt;' ><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:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1,712</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: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 colspan='2' rowspan='1' style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >13,750</font></td></tr><tr style='height:14.25pt;' ><td style='width:3pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:3pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:326.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:326.25pt;' ><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:37.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1,746</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: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 colspan='2' rowspan='1' style='width:37.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >12,342</font></td></tr><tr style='height:14.25pt;' ><td style='width:3pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:3pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:326.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:326.25pt;' ><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:37.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1,781</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: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 colspan='2' rowspan='1' style='width:37.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >10,086</font></td></tr><tr style='height:14.25pt;' ><td style='width:3pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:3pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:326.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:326.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >2021</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:37.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1,816</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: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 colspan='2' rowspan='1' style='width:37.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >7,980</font></td></tr><tr style='height:14.25pt;' ><td style='width:3pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:3pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:326.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:326.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >2022</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:37.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1,853</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: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 colspan='2' rowspan='1' style='width:37.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >5,743</font></td></tr><tr style='height:14.25pt;' ><td style='width:3pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:3pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:326.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:326.25pt;' ><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:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >465</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: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 colspan='2' rowspan='1' style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >19,226</font></td></tr><tr style='height:14.25pt;' ><td style='width:3pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:3pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:326.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:326.25pt;' ><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:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >9,373</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: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 colspan='2' rowspan='1' style='width:37.5pt;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:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >69,127</font></td></tr><tr style='height:14.25pt;' ><td style='width:3pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:3pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:326.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:326.25pt;' ><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:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >2,201</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: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:22.5pt;border-top-style:double;border-top-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:22.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:15pt;border-top-style:double;border-top-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:15pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td></tr><tr style='height:14.25pt;' ><td style='width:3pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:3pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:326.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:326.25pt;' ><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:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >7,172</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: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:22.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:22.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:15pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:15pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td></tr><tr style='height:14.25pt;' ><td style='width:3pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:3pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:326.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:326.25pt;' ><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:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >1,025</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: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:22.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:22.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:15pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:15pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td></tr><tr style='height:14.25pt;' ><td style='width:3pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:3pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:326.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:326.25pt;' ><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:37.5pt;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:37.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >6,147</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: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:22.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:22.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td><td style='width:15pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:15pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' ></font></td></tr></table></div>
CY2015 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
7700000 USD
CY2015 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
3100000 USD
CY2015 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
2000000 USD
CY2015 us-gaap Employee Service Share Based Compensation Tax Benefit From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitFromExerciseOfStockOptions
2100000 USD
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
700000 USD
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
8.76
CY2017 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
15800000 USD
CY2015 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
68400000 USD
CY2016 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
41900000 USD
CY2017 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
29300000 USD
CY2017 us-gaap Cumulative Effect On Retained Earnings Net Of Tax1
CumulativeEffectOnRetainedEarningsNetOfTax1
0 USD
CY2015 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-266801000 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
CY2016 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
21.4
CY2015 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
30.46
CY2017 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
30.46
CY2017 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
1000000 shares
CY2016 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
2000000 shares
CY2015 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
3100000 shares
CY2015Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
3300000 USD
CY2015 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
0 USD
CY2016 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
0 USD
CY2017 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
-1658000 USD
CY2017 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
97707000 USD
CY2016 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
0 USD
CY2015 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
0 USD
CY2015 bhe Income Tax Reconciliation Losses In Foreign Jurisdictions For Which Nobenefit Has Been Provided
IncomeTaxReconciliationLossesInForeignJurisdictionsForWhichNobenefitHasBeenProvided
3711000 USD
CY2016 bhe Income Tax Reconciliation Losses In Foreign Jurisdictions For Which Nobenefit Has Been Provided
IncomeTaxReconciliationLossesInForeignJurisdictionsForWhichNobenefitHasBeenProvided
2106000 USD
CY2017 bhe Income Tax Reconciliation Losses In Foreign Jurisdictions For Which Nobenefit Has Been Provided
IncomeTaxReconciliationLossesInForeignJurisdictionsForWhichNobenefitHasBeenProvided
106000 USD
CY2015 bhe Percentageofrevenueaccountedbymajorcustomers
Percentageofrevenueaccountedbymajorcustomers
0.47 pure
CY2016 bhe Percentageofrevenueaccountedbymajorcustomers
Percentageofrevenueaccountedbymajorcustomers
0.43 pure
CY2017 bhe Percentageofrevenueaccountedbymajorcustomers
Percentageofrevenueaccountedbymajorcustomers
0.46 pure
CY2015 bhe Numberoflargestcustomersaccountedforportionofrevenue
Numberoflargestcustomersaccountedforportionofrevenue
10
CY2016 bhe Numberoflargestcustomersaccountedforportionofrevenue
Numberoflargestcustomersaccountedforportionofrevenue
10
CY2017 bhe Numberoflargestcustomersaccountedforportionofrevenue
Numberoflargestcustomersaccountedforportionofrevenue
10
CY2017 us-gaap Concentration Risk Customer
ConcentrationRiskCustomer
One of the most significant credit risks is the ultimate realization of 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 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 total gross accounts receivable as of December 31, 2017. One customer represented 19% of our total gross accounts receivable and the second customer represented 11%.
CY2017Q4 us-gaap Restructuring Reserve
RestructuringReserve
290000 USD
CY2016 us-gaap Restructuring Charges
RestructuringCharges
4693000 USD
CY2016 us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
-7674000 USD
CY2015 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
229582000 USD
CY2017 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 USD
CY2017Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
31149000 USD
CY2016Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
48623000 USD
CY2017Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
2993000 USD
CY2015 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
153320000 USD
CY2016 us-gaap Payments For Restructuring
PaymentsForRestructuring
4728000 USD
CY2016 us-gaap Restructuring Reserve Settled Without Cash2
RestructuringReserveSettledWithoutCash2
21000 USD
CY2016 us-gaap Restructuring Reserve Translation Adjustment
RestructuringReserveTranslationAdjustment
-3000 USD
CY2016Q4 us-gaap Restructuring Reserve
RestructuringReserve
1283000 USD
CY2017 us-gaap Restructuring And Related Cost Number Of Positions Eliminated
RestructuringAndRelatedCostNumberOfPositionsEliminated
163
CY2016 us-gaap Restructuring And Related Cost Number Of Positions Eliminated
RestructuringAndRelatedCostNumberOfPositionsEliminated
582
CY2015 us-gaap Restructuring And Related Cost Number Of Positions Eliminated
RestructuringAndRelatedCostNumberOfPositionsEliminated
672
CY2015Q4 us-gaap Restructuring Reserve
RestructuringReserve
1336000 USD
CY2017Q4 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
7027000 USD

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