2015 Q1 Form 10-K Financial Statement

#000140666615000004 Filed on March 04, 2015

View on sec.gov

Income Statement

Concept 2015 Q1 2014 2013 Q4
Revenue $91.04M $401.2M $94.00M
YoY Change 6.08% 4.86% 2.82%
Cost Of Revenue $48.55M $223.4M $54.00M
YoY Change -0.71% 5.62% -0.74%
Gross Profit $42.49M $177.8M $40.05M
YoY Change 15.07% 3.93% 8.15%
Gross Profit Margin 46.67% 44.31% 42.6%
Selling, General & Admin $29.91M $107.7M $26.20M
YoY Change 21.39% 7.63% 10.55%
% of Gross Profit 70.4% 60.55% 65.42%
Research & Development $21.91M $80.31M $19.30M
YoY Change 11.64% 1.28% 12.87%
% of Gross Profit 51.57% 45.17% 48.19%
Depreciation & Amortization $2.480M $9.263M $7.050M
YoY Change 9.2% -9.02% 2.92%
% of Gross Profit 5.84% 5.21% 17.6%
Operating Expenses $54.38M $198.2M $48.10M
YoY Change 16.13% 4.56% 11.09%
Operating Profit -$11.89M -$20.38M -$8.056M
YoY Change 20.11% 10.46% 3.98%
Interest Expense $379.0K $806.0K -$100.0K
YoY Change 564.91% 382.63%
% of Operating Profit
Other Income/Expense, Net $48.00K $151.0K $1.700M
YoY Change 45.45% -87.14% 1600.0%
Pretax Income -$11.84M -$21.50M -$6.500M
YoY Change 19.38% 16.19% -2.99%
Income Tax $91.00K $581.0K $0.00
% Of Pretax Income
Net Earnings -$11.93M -$20.81M -$6.453M
YoY Change 18.98% 20.56% -1.84%
Net Earnings / Revenue -13.1% -5.19% -6.86%
Basic Earnings Per Share -$0.23 -$0.13
Diluted Earnings Per Share -$0.23 -$409.4K -$0.13
COMMON SHARES
Basic Shares Outstanding 51.81M shares 49.78M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2015 Q1 2014 2013 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $97.80M $111.7M $82.70M
YoY Change 30.05% 35.07% 75.96%
Cash & Equivalents $29.62M $31.00M $82.75M
Short-Term Investments $68.20M $62.90M $0.00
Other Short-Term Assets $12.60M $18.30M $27.20M
YoY Change -45.22% -32.72% 1.49%
Inventory $40.64M $46.80M $51.07M
Prepaid Expenses
Receivables $39.00M $30.70M $43.52M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $190.0M $207.5M $204.5M
YoY Change 1.38% 1.47% 15.81%
LONG-TERM ASSETS
Property, Plant & Equipment $19.40M $20.10M $17.47M
YoY Change 13.32% 14.86% -17.12%
Goodwill $116.2M $116.2M
YoY Change 0.0% 0.0%
Intangibles $20.54M $43.74M
YoY Change -47.47% -29.79%
Long-Term Investments
YoY Change
Other Assets $1.113M $1.200M $1.745M
YoY Change -31.21% -29.41% -2.4%
Total Long-Term Assets $157.2M $162.7M $179.1M
YoY Change -9.65% -9.16% -11.03%
TOTAL ASSETS
Total Short-Term Assets $190.0M $207.5M $204.5M
Total Long-Term Assets $157.2M $162.7M $179.1M
Total Assets $347.2M $370.2M $383.6M
YoY Change -3.93% -3.49% 1.51%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $12.79M $23.60M $23.16M
YoY Change 17.5% 1.72% 37.84%
Accrued Expenses $39.45M $38.80M $32.08M
YoY Change 14.11% 24.36% -11.34%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $61.28M $75.80M $90.10M
YoY Change -17.72% -15.87% -2.38%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $2.091M $21.80M $1.145M
YoY Change 91.83% 11.22% 53.69%
Total Long-Term Liabilities $2.091M $21.80M $1.145M
YoY Change 91.83% 11.22% 53.69%
TOTAL LIABILITIES
Total Short-Term Liabilities $61.28M $75.80M $90.10M
Total Long-Term Liabilities $2.091M $21.80M $1.145M
Total Liabilities $82.79M $97.60M $109.7M
YoY Change -11.95% -11.03% 0.78%
SHAREHOLDERS EQUITY
Retained Earnings -$542.5M -$509.8M
YoY Change 4.37% 3.51%
Common Stock $806.8M $783.5M
YoY Change 2.52% 2.9%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $264.4M $272.6M $273.9M
YoY Change
Total Liabilities & Shareholders Equity $347.2M $370.2M $383.6M
YoY Change -3.93% -3.49% 1.51%

Cashflow Statement

Concept 2015 Q1 2014 2013 Q4
OPERATING ACTIVITIES
Net Income -$11.93M -$20.81M -$6.453M
YoY Change 18.98% 20.56% -1.84%
Depreciation, Depletion And Amortization $2.480M $9.263M $7.050M
YoY Change 9.2% -9.02% 2.92%
Cash From Operating Activities -$11.90M $38.08M $4.010M
YoY Change 127.65% -6.72% 40.21%
INVESTING ACTIVITIES
Capital Expenditures $1.742M $11.96M -$1.510M
YoY Change -8.7% 71.19% -34.35%
Acquisitions $0.00
YoY Change
Other Investing Activities -$5.550M -$63.48M $0.00
YoY Change -100.0%
Cash From Investing Activities -$7.296M -$75.44M -$1.510M
YoY Change 282.39% 979.78% -89.44%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00 $0.00
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $58.00K $3.575M 1.090M
YoY Change -112.83% 96.64% 7.92%
NET CHANGE
Cash From Operating Activities -$11.90M $38.08M 4.010M
Cash From Investing Activities -$7.296M -$75.44M -1.510M
Cash From Financing Activities $58.00K $3.575M 1.090M
Net Change In Cash -$19.14M -$33.79M 3.590M
YoY Change 152.24% -194.8% -134.42%
FREE CASH FLOW
Cash From Operating Activities -$11.90M $38.08M $4.010M
Capital Expenditures $1.742M $11.96M -$1.510M
Free Cash Flow -$13.64M $26.11M $5.520M
YoY Change 91.18% -22.81% 6.98%

Facts In Submission

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DeferredFederalIncomeTaxExpenseBenefit
0 USD
CY2014 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
0 USD
CY2012 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
56000 USD
CY2013 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-96000 USD
CY2014 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
8000 USD
CY2013Q4 us-gaap Deferred Revenue
DeferredRevenue
53293000 USD
CY2014Q4 us-gaap Deferred Revenue
DeferredRevenue
32115000 USD
CY2013Q4 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
34862000 USD
CY2014Q4 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
12722000 USD
CY2013Q4 us-gaap Deferred Revenue Noncurrent
DeferredRevenueNoncurrent
18431000 USD
CY2014Q4 us-gaap Deferred Revenue Noncurrent
DeferredRevenueNoncurrent
19393000 USD
CY2012 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-89000 USD
CY2013 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
0 USD
CY2014 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
0 USD
CY2013Q4 us-gaap Deferred Tax Assets Deferred Income
DeferredTaxAssetsDeferredIncome
12037000 USD
CY2014Q4 us-gaap Deferred Tax Assets Deferred Income
DeferredTaxAssetsDeferredIncome
9930000 USD
CY2013Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
223470000 USD
CY2014Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
221853000 USD
CY2013Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
167000 USD
CY2014Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
155000 USD
CY2013Q4 us-gaap Deferred Tax Assets Liabilities Net Current
DeferredTaxAssetsLiabilitiesNetCurrent
0 USD
CY2014Q4 us-gaap Deferred Tax Assets Liabilities Net Current
DeferredTaxAssetsLiabilitiesNetCurrent
785000 USD
CY2013Q4 us-gaap Deferred Tax Assets Liabilities Net Noncurrent
DeferredTaxAssetsLiabilitiesNetNoncurrent
167000 USD
CY2014Q4 us-gaap Deferred Tax Assets Liabilities Net Noncurrent
DeferredTaxAssetsLiabilitiesNetNoncurrent
155000 USD
CY2013Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
16155000 USD
CY2014Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
9150000 USD
CY2013Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
168431000 USD
CY2014Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
166150000 USD
CY2013Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
450000 USD
CY2014Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
498000 USD
CY2013Q4 us-gaap Deferred Tax Assets Property Plant And Equipment
DeferredTaxAssetsPropertyPlantAndEquipment
2996000 USD
CY2014Q4 us-gaap Deferred Tax Assets Property Plant And Equipment
DeferredTaxAssetsPropertyPlantAndEquipment
1275000 USD
CY2013Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
5570000 USD
CY2014Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
5138000 USD
CY2013Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
11479000 USD
CY2014Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
13810000 USD
CY2013Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
207315000 USD
CY2014Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
212703000 USD
CY2013Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
15988000 USD
CY2014Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
8995000 USD
CY2013Q4 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
0 USD
CY2014Q4 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
785000 USD
CY2012 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
1400000 USD
CY2013 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
1500000 USD
CY2014 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
1500000 USD
CY2012 us-gaap Depreciation
Depreciation
8562000 USD
CY2013 us-gaap Depreciation
Depreciation
10181000 USD
CY2014 us-gaap Depreciation
Depreciation
9263000 USD
CY2013Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.13
CY2013Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.10
CY2013Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.01
CY2013Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.13
CY2014Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.20
CY2014Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.08
CY2014Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.08
CY2014Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.06
CY2012 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.59
CY2013 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.35
CY2014 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.41
CY2013Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.13
CY2013Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.10
CY2013Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.01
CY2013Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.13
CY2014Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.20
CY2014Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.08
CY2014Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.08
CY2014Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.06
CY2012 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
45000 USD
CY2013 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
103000 USD
CY2014 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-124000 USD
CY2012 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.006
CY2013 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.001
CY2014 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.029
CY2012 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.34
CY2013 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.34
CY2014 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.34
CY2012 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.457
CY2013 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.490
CY2014 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.456
CY2012 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.001
CY2013 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.014
CY2014 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.001
CY2012 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Other
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseOther
0.001
CY2013 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Other
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseOther
-0.045
CY2014 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Other
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseOther
-0.027
CY2012 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.020
CY2013 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.000
CY2014 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.000
CY2012 us-gaap Effective Income Tax Rate Reconciliation Prior Year Income Taxes
EffectiveIncomeTaxRateReconciliationPriorYearIncomeTaxes
0.000
CY2013Q2 us-gaap Gross Profit
GrossProfit
42505000 USD
CY2013 us-gaap Effective Income Tax Rate Reconciliation Prior Year Income Taxes
EffectiveIncomeTaxRateReconciliationPriorYearIncomeTaxes
0.010
CY2014 us-gaap Effective Income Tax Rate Reconciliation Prior Year Income Taxes
EffectiveIncomeTaxRateReconciliationPriorYearIncomeTaxes
-0.002
CY2012 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.052
CY2013 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.034
CY2014 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.025
CY2012 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
EffectiveIncomeTaxRateReconciliationTaxCreditsResearch
-0.025
CY2013 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
EffectiveIncomeTaxRateReconciliationTaxCreditsResearch
-0.131
CY2014 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
EffectiveIncomeTaxRateReconciliationTaxCreditsResearch
-0.092
CY2012 us-gaap Effective Income Tax Rate Reconciliation Tax Settlements Domestic
EffectiveIncomeTaxRateReconciliationTaxSettlementsDomestic
0.000
CY2013 us-gaap Effective Income Tax Rate Reconciliation Tax Settlements Domestic
EffectiveIncomeTaxRateReconciliationTaxSettlementsDomestic
0.007
CY2014 us-gaap Effective Income Tax Rate Reconciliation Tax Settlements Domestic
EffectiveIncomeTaxRateReconciliationTaxSettlementsDomestic
0.000
CY2013Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
13127000 USD
CY2014Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
15782000 USD
CY2014 us-gaap Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
P5Y
CY2013Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
79964000 USD
CY2014Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
98525000 USD
CY2014Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
18561000 USD
CY2014Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
813000 USD
CY2014Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
5805000 USD
CY2013Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
123704000 USD
CY2014Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
123704000 USD
CY2013Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
43740000 USD
CY2014Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
25179000 USD
CY2014Q4 us-gaap Foreign Financial Institutions Actual Deposits
ForeignFinancialInstitutionsActualDeposits
3800000 USD
CY2012 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
-262000 USD
CY2013 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
-569000 USD
CY2014 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
-50000 USD
CY2012 us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
0 USD
CY2013 us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
0 USD
CY2014 us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
1000 USD
CY2012 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
26114000 USD
CY2013 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
31945000 USD
CY2014 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
31371000 USD
CY2013Q4 us-gaap Goodwill
Goodwill
116175000 USD
CY2014Q4 us-gaap Goodwill
Goodwill
116175000 USD
CY2014Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
0 USD
CY2012 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2013 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2012 us-gaap Gross Profit
GrossProfit
137576000 USD
CY2013Q1 us-gaap Gross Profit
GrossProfit
41115000 USD
CY2013Q3 us-gaap Gross Profit
GrossProfit
47407000 USD
CY2013Q4 us-gaap Gross Profit
GrossProfit
40047000 USD
CY2013 us-gaap Gross Profit
GrossProfit
171074000 USD
CY2014Q1 us-gaap Gross Profit
GrossProfit
36926000 USD
CY2014Q2 us-gaap Gross Profit
GrossProfit
44342000 USD
CY2014Q3 us-gaap Gross Profit
GrossProfit
45080000 USD
CY2014Q4 us-gaap Gross Profit
GrossProfit
51441000 USD
CY2014 us-gaap Gross Profit
GrossProfit
177789000 USD
CY2012 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-28987000 USD
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-18500000 USD
CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-21495000 USD
CY2012 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
819000 USD
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
1221000 USD
CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
1262000 USD
CY2012 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-28168000 USD
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-17279000 USD
CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-20233000 USD
CY2012 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
158000 USD
CY2013 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-14000 USD
CY2014 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
581000 USD
CY2012 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
125000 USD
CY2013 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
96000 USD
CY2014 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
72000 USD
CY2012 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
2554000 USD
CY2013 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
6359000 USD
CY2014 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
467000 USD
CY2012 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
13011000 USD
CY2013 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-15999000 USD
CY2014 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-12776000 USD
CY2012 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-869000 USD
CY2013 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-4217000 USD
CY2014 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
7440000 USD
CY2012 us-gaap Increase Decrease In Deferred Charges
IncreaseDecreaseInDeferredCharges
13379000 USD
CY2013 us-gaap Increase Decrease In Deferred Charges
IncreaseDecreaseInDeferredCharges
-1000 USD
CY2014 us-gaap Increase Decrease In Deferred Charges
IncreaseDecreaseInDeferredCharges
-15996000 USD
CY2012 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
26403000 USD
CY2013 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-1804000 USD
CY2014 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-21178000 USD
CY2012 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-11308000 USD
CY2013 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
6138000 USD
CY2014 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-4319000 USD
CY2012 us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
-782000 USD
CY2013 us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
62000 USD
CY2014 us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
513000 USD
CY2012 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-47000 USD
CY2013 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-535000 USD
CY2014 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
5908000 USD
CY2012 us-gaap Increase Decrease In Restricted Cash For Operating Activities
IncreaseDecreaseInRestrictedCashForOperatingActivities
-754000 USD
CY2013 us-gaap Increase Decrease In Restricted Cash For Operating Activities
IncreaseDecreaseInRestrictedCashForOperatingActivities
295000 USD
CY2014 us-gaap Increase Decrease In Restricted Cash For Operating Activities
IncreaseDecreaseInRestrictedCashForOperatingActivities
0 USD
CY2012 us-gaap Interest Expense
InterestExpense
185000 USD
CY2013 us-gaap Interest Expense
InterestExpense
167000 USD
CY2014 us-gaap Interest Expense
InterestExpense
806000 USD
CY2012 us-gaap Interest Paid
InterestPaid
68000 USD
CY2013 us-gaap Interest Paid
InterestPaid
57000 USD
CY2014 us-gaap Interest Paid
InterestPaid
159000 USD
CY2013Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
44480000 USD
CY2014Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
43573000 USD
CY2013Q4 us-gaap Inventory Net
InventoryNet
51071000 USD
CY2014Q4 us-gaap Inventory Net
InventoryNet
46753000 USD
CY2013Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
6591000 USD
CY2014Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
3180000 USD
CY2012 us-gaap Investment Income Interest
InvestmentIncomeInterest
15000 USD
CY2013 us-gaap Investment Income Interest
InvestmentIncomeInterest
7000 USD
CY2014 us-gaap Investment Income Interest
InvestmentIncomeInterest
729000 USD
CY2012 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
3500000 USD
CY2013 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
3900000 USD
CY2014 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
4100000 USD
CY2013Q4 us-gaap Liabilities
Liabilities
109676000 USD
CY2014Q4 us-gaap Liabilities
Liabilities
97630000 USD
CY2013Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
383599000 USD
CY2014Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
370221000 USD
CY2013Q4 us-gaap Liabilities Current
LiabilitiesCurrent
90100000 USD
CY2014Q4 us-gaap Liabilities Current
LiabilitiesCurrent
75794000 USD
CY2014 us-gaap Line Of Credit Facility Commitment Fee Percentage
LineOfCreditFacilityCommitmentFeePercentage
0.0025
CY2013Q3 us-gaap Line Of Credit Facility Expiration Date1
LineOfCreditFacilityExpirationDate1
2016-07-29
CY2013Q3 us-gaap Line Of Credit Facility Frequency Of Payment And Payment Terms
LineOfCreditFacilityFrequencyOfPaymentAndPaymentTerms
Interest on the revolving facility is due quarterly, and any outstanding interest and principal is due on the maturity date of the revolving facility.
CY2013Q3 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
50000000 USD
CY2013Q4 us-gaap Marketable Securities Current
MarketableSecuritiesCurrent
0 USD
CY2014Q4 us-gaap Marketable Securities Current
MarketableSecuritiesCurrent
62850000 USD
CY2012 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
2513000 USD
CY2013 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1818000 USD
CY2014 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
3575000 USD
CY2012 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-22179000 USD
CY2013 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-6987000 USD
CY2014 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-75444000 USD
CY2012 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
27678000 USD
CY2013 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
40818000 USD
CY2014 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
38075000 USD
CY2012 us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
0 USD
CY2013 us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
125000 USD
CY2014 us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
0 USD
CY2012 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
856000 USD
CY2013 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
1174000 USD
CY2014 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
151000 USD
CY2014 us-gaap Operating Expenses
OperatingExpenses
198173000 USD
CY2012 us-gaap Operating Income Loss
OperatingIncomeLoss
-29024000 USD
CY2012 us-gaap Operating Expenses
OperatingExpenses
166600000 USD
CY2013 us-gaap Operating Expenses
OperatingExpenses
189527000 USD
CY2013Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-5540000 USD
CY2013Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-4845000 USD
CY2013Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-12000 USD
CY2013Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
-8056000 USD
CY2013 us-gaap Operating Income Loss
OperatingIncomeLoss
-18453000 USD
CY2014Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-9897000 USD
CY2014Q2 us-gaap Operating Income Loss
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11.43
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600000 USD
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P5Y9M22D
CY2014 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
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4600000 USD
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3900000 USD
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22507000 USD
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25052000 USD
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500000 USD
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14382000 USD
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15421000 USD
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48000 USD
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0 USD
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0 USD
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990000 USD
CY2014 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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963000 USD
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317000 USD
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76000 USD
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115000 USD
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0 USD
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CY2013 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
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49419000 shares
CY2014 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
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50808000 shares
CY2014 us-gaap Nature Of Operations
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:8px;text-align:left;padding-left:30px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-style:italic;font-weight:bold;">Company</font></div><div style="line-height:120%;padding-top:6px;text-indent:32px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Calix, Inc. (together with its subsidiaries, &#8220;Calix,&#8221; the &#8220;Company,&#8221; &#8220;our,&#8221; &#8220;we,&#8221; or &#8220;us&#8221;) was incorporated in August 1999, and is a Delaware corporation. The Company is a leading global provider of broadband communications access systems and software for fiber- and copper-based network architectures that enable communications service providers ("CSPs") to transform their networks and connect to their residential and business subscribers. The Company enables CSPs to provide a wide range of revenue-generating services, from basic voice and data to advanced broadband services, over legacy and next-generation access networks. The Company focuses solely on CSP access networks, the portion of the network that governs available bandwidth and determines the range and quality of services that can be offered to subscribers. The Company develops and sells carrier-class hardware and software products, which the Company refers to as the Unified Access portfolio that are designed to enhance and transform CSP access networks to meet the changing demands of subscribers rapidly and cost-effectively.</font></div></div>
CY2014 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;text-align:left;padding-left:30px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-style:italic;font-weight:bold;">Use of Estimates</font></div><div style="line-height:120%;padding-top:8px;text-align:left;text-indent:30px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">The preparation of financial statements is in conformity with U.S. GAAP, which requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. For the Company, these estimates include, but are not limited to: allowances for doubtful accounts and sales returns, excess and obsolete inventory, allowances for obligations to its contract manufacturers, valuation of stock-based compensation, useful lives assigned to long-lived assets and acquired intangible assets, warranty costs, and contingencies. Actual results could differ from those estimates, and such differences could be material to the Company's financial position and results of operations.</font></div></div>

Files In Submission

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calx-20141231_cal.xml Edgar Link unprocessable
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