2012 Q4 Form 10-K Financial Statement

#000119312514051054 Filed on February 13, 2014

View on sec.gov

Income Statement

Concept 2012 Q4 2012 Q3 2012 Q2
Revenue $82.20M $80.08M $77.71M
YoY Change 2.64% -3.99% 4.45%
Cost Of Revenue $20.40M $19.51M $19.06M
YoY Change 7.63% 0.55% 3.58%
Gross Profit $61.80M $60.57M $58.65M
YoY Change 1.09% -5.36% 4.73%
Gross Profit Margin 75.18% 75.64% 75.48%
Selling, General & Admin $30.40M $28.77M $30.55M
YoY Change 8.05% -2.49% 4.62%
% of Gross Profit 49.19% 47.49% 52.09%
Research & Development $10.90M $10.00M $10.36M
YoY Change 2.75% -4.74% 9.06%
% of Gross Profit 17.64% 16.51% 17.67%
Depreciation & Amortization $2.700M $2.700M $1.551M
YoY Change 8.0% 12.5% -35.38%
% of Gross Profit 4.37% 4.46% 2.64%
Operating Expenses $41.30M $38.77M $40.91M
YoY Change 6.6% -3.08% 5.98%
Operating Profit $20.50M $21.80M $17.74M
YoY Change -8.44% -9.15% 1.96%
Interest Expense $1.100M $1.800M $300.0K
YoY Change 57.14% 100.0% -40.0%
% of Operating Profit 5.37% 8.26% 1.69%
Other Income/Expense, Net -$100.0K -$131.0K $3.000K
YoY Change -35.9% 31.0% -101.5%
Pretax Income $21.40M $22.09M $18.08M
YoY Change -6.63% -10.94% 2.14%
Income Tax $5.200M $4.281M $3.796M
% Of Pretax Income 24.3% 19.38% 21.0%
Net Earnings $16.20M $17.81M $14.28M
YoY Change -10.18% -6.78% 5.01%
Net Earnings / Revenue 19.71% 22.24% 18.38%
Basic Earnings Per Share $0.21 $0.34
Diluted Earnings Per Share $92.62K $0.20 $0.33
COMMON SHARES
Basic Shares Outstanding 85.82M shares 42.57M shares
Diluted Shares Outstanding 87.26M shares 43.59M shares

Balance Sheet

Concept 2012 Q4 2012 Q3 2012 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $150.3M $156.0M $200.8M
YoY Change -17.68% -36.24% -3.18%
Cash & Equivalents $45.16M $54.16M $41.56M
Short-Term Investments $105.1M $101.9M $159.2M
Other Short-Term Assets $20.80M $30.40M $28.70M
YoY Change -23.81% 8.19% 6.69%
Inventory $26.18M $25.00M $27.80M
Prepaid Expenses
Receivables $42.39M $44.76M $45.60M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $239.6M $250.2M $302.9M
YoY Change -16.03% -26.9% -0.23%
LONG-TERM ASSETS
Property, Plant & Equipment $34.82M $34.34M $32.70M
YoY Change 9.69% 12.24% 8.64%
Goodwill $81.69M $81.69M
YoY Change -0.41%
Intangibles
YoY Change
Long-Term Investments $238.3M $124.7M $184.0M
YoY Change 37.35% 14.72% 68.65%
Other Assets $2.827M $2.785M $18.30M
YoY Change -6.61% -83.99% 5.78%
Total Long-Term Assets $388.0M $411.9M $335.1M
YoY Change 18.83% 58.18% 28.34%
TOTAL ASSETS
Total Short-Term Assets $239.6M $250.2M $302.9M
Total Long-Term Assets $388.0M $411.9M $335.1M
Total Assets $627.6M $662.1M $638.0M
YoY Change 2.57% 9.86% 12.98%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $6.815M $7.567M $7.300M
YoY Change -3.99% 9.67% -9.88%
Accrued Expenses $29.59M $28.92M $23.40M
YoY Change -8.36% 3.65% -2.09%
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 $50.10M $51.82M $44.30M
YoY Change -7.39% -8.6% -17.5%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $5.200M $5.100M $4.900M
YoY Change 20.93% -10.53% -10.91%
Total Long-Term Liabilities $5.200M $5.100M $4.900M
YoY Change 20.93% -10.53% -10.91%
TOTAL LIABILITIES
Total Short-Term Liabilities $50.10M $51.82M $44.30M
Total Long-Term Liabilities $5.200M $5.100M $4.900M
Total Liabilities $55.30M $55.20M $49.20M
YoY Change -3.15% -11.54% -16.89%
SHAREHOLDERS EQUITY
Retained Earnings $436.5M $472.7M
YoY Change 0.43%
Common Stock $165.2M $161.3M
YoY Change 21.74%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $572.3M $605.4M $588.8M
YoY Change
Total Liabilities & Shareholders Equity $627.6M $662.1M $638.0M
YoY Change 2.57% 9.86% 12.98%

Cashflow Statement

Concept 2012 Q4 2012 Q3 2012 Q2
OPERATING ACTIVITIES
Net Income $16.20M $17.81M $14.28M
YoY Change -10.18% -6.78% 5.01%
Depreciation, Depletion And Amortization $2.700M $2.700M $1.551M
YoY Change 8.0% 12.5% -35.38%
Cash From Operating Activities $26.30M $27.30M $12.85M
YoY Change 85.21% 0.0% -38.2%
INVESTING ACTIVITIES
Capital Expenditures -$2.300M -$2.800M $2.487M
YoY Change 21.05% 40.0% -255.44%
Acquisitions
YoY Change
Other Investing Activities $17.30M $153.3M -$19.50M
YoY Change -200.58% -626.8% -19.42%
Cash From Investing Activities $15.00M $150.5M -$22.02M
YoY Change -178.53% -582.37% -14.65%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -50.30M -3.800M 11.67M
YoY Change 814.55% -142.22% 64.38%
NET CHANGE
Cash From Operating Activities 26.30M 27.30M 12.85M
Cash From Investing Activities 15.00M 150.5M -22.02M
Cash From Financing Activities -50.30M -3.800M 11.67M
Net Change In Cash -9.000M 174.0M 2.505M
YoY Change -13.46% 3311.76% 19.29%
FREE CASH FLOW
Cash From Operating Activities $26.30M $27.30M $12.85M
Capital Expenditures -$2.300M -$2.800M $2.487M
Free Cash Flow $28.60M $30.10M $10.37M
YoY Change 77.64% 2.73% -53.72%

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0.43 pure
CY2011 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
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CY2011 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
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CY2011 us-gaap Weighted Average Number Of Shares Outstanding Basic
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0.01 pure
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CY2011 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
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CY2011 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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CY2011 us-gaap Payments For Repurchase Of Common Stock
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CY2011 us-gaap Adjustments To Additional Paid In Capital Tax Effect From Share Based Compensation
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CY2011 us-gaap Stock Option Plan Expense
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CY2011 us-gaap Defined Contribution Plan Cost Recognized
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1218000
CY2011 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
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CY2011 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
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CY2011 us-gaap Net Cash Provided By Used In Financing Activities
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CY2011 us-gaap Cost Of Services
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123000
CY2011 us-gaap Deferred Federal Income Tax Expense Benefit
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CY2011 us-gaap Research And Development Expense
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181000
CY2011 us-gaap Other Comprehensive Income Foreign Currency Translation Gain Loss Arising During Period Tax
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238000
CY2011 us-gaap Deferred State And Local Income Tax Expense Benefit
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34000
CY2011 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
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CY2011 us-gaap Amortization Of Intangible Assets
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CY2011 us-gaap Current Federal Tax Expense Benefit
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CY2011 us-gaap Advertising Expense
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CY2011 us-gaap Increase Decrease In Deferred Revenue And Customer Advances And Deposits
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3316000
CY2011 us-gaap Selling General And Administrative Expense
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CY2011 us-gaap Income Tax Expense Benefit
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CY2011 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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CY2011 cgnx Number Of Customers Accounting For More Than Ten Percent Of Revenue
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CY2011 cgnx Reduction In Compensation Expense Due To Revised Estimated Forfeiture Rates
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CY2011 us-gaap Current Income Tax Expense Benefit
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CY2011 us-gaap Depreciation
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CY2011 us-gaap Allocated Share Based Compensation Expense
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CY2011 us-gaap Deferred Foreign Income Tax Expense Benefit
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CY2011 cgnx Shares Based Compensation Arrangement By Shares Based Payment Award Options Exercisable Intrinsic Value
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CY2011 cgnx Gross Margin Services
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CY2011 cgnx Adjustment To Additional Paid In Capital Tax Benefit For Research And Development Credits As Result Of Stock Option Accounting
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CY2011 cgnx Gross Margin Products
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232578000
CY2011 cgnx Income Tax Reconciliation Reductions Resulting From Lapse Of Applicable Statute Of Limitations
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CY2011 cgnx Share Based Compensation Arrangement By Share Based Payment Award Options Vested Fair Value
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10202000
CY2013 dei Entity Registrant Name
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COGNEX CORP
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CY2013 dei Amendment Flag
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CY2013 dei Entity Filer Category
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CY2013 dei Document Fiscal Year Focus
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CY2013 dei Document Type
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10-K
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2013-12-31
CY2013 dei Entity Central Index Key
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CY2013 dei Entity Well Known Seasoned Issuer
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No
CY2013 dei Current Fiscal Year End Date
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CY2013 dei Document Fiscal Period Focus
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FY
CY2013 dei Entity Voluntary Filers
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No
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
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0.020 pure
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0.42 pure
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CY2013 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
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P7Y2M12D
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
1740000 shares
CY2013 us-gaap Defined Contribution Plan Maximum Annual Contributions Per Employee Percent
DefinedContributionPlanMaximumAnnualContributionsPerEmployeePercent
0.03 pure
CY2013 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.16 pure
CY2013 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y9M18D
CY2013 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
21.47
CY2013 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.01 pure
CY2013 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.17 pure
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
8.21
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.00 pure
CY2013 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
95455000
CY2013 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
11.37
CY2013 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P1Y2M5D
CY2013 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
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-0.01 pure
CY2013 us-gaap Weighted Average Number Of Shares Outstanding Basic
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86946000 shares
CY2013 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 Segment
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
275000 shares
CY2013 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P5Y3M18D
CY2013 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P7Y1M6D
CY2013 us-gaap Stock Issued During Period Shares Stock Options Exercised
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2445000 shares
CY2013 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div> <p style="MARGIN-BOTTOM: 0px; MARGIN-TOP: 18px"><font style="FONT-FAMILY: Times New Roman" size="2"><u>Concentrations of Risk</u></font></p> <p style="MARGIN-BOTTOM: 0px; MARGIN-TOP: 6px"><font style="FONT-FAMILY: Times New Roman" size="2">Financial instruments that potentially subject the Company to concentrations of credit risk consist primarily of cash, cash equivalents, investments, and trade receivables. The Company has certain domestic and foreign cash balances that exceed the insured limits set by the Federal Deposit Insurance Corporation (FDIC) in the United States and equivalent regulatory agencies in foreign countries. The Company primarily invests in investment-grade debt securities and has established guidelines relative to credit ratings, diversification, and maturities of its debt securities that maintain safety and liquidity. The Company has not experienced any significant realized losses on its debt securities.</font></p> <p style="MARGIN-BOTTOM: 0px; MARGIN-TOP: 12px"><font style="FONT-FAMILY: Times New Roman" size="2">The Company performs ongoing credit evaluations of its customers and maintains allowances for potential credit losses. The Company has not experienced any significant losses related to the collection of its accounts receivable.</font></p> <p style="MARGIN-BOTTOM: 0px; MARGIN-TOP: 12px"><font style="FONT-FAMILY: Times New Roman" size="2">A significant portion of the Company&#x2019;s MVSD product is manufactured by two third-party contractors. These contractors have agreed to provide Cognex with termination notification periods and last-time-buy rights, if and when that may be applicable. We rely upon these contractors to provide quality product and meet delivery schedules. We engage in extensive product quality programs and processes, including actively monitoring the performance of our third-party manufacturers. Certain key electronic components that are purchased from strategic suppliers, such as processors or imagers, are fundamental to the design of Cognex products. A disruption in the supply of these key components, such as a last-time-buy announcement, natural disaster, financial bankruptcy, or other event, may require us to purchase a significant amount of inventory at unfavorable prices resulting in lower gross margins and higher risk of carrying excess or obsolete inventory. If we are unable to secure adequate supply from alternative sources, we may have to redesign our products, which may lead to a delay in manufacturing and a possible loss of sales.</font></p> <p style="MARGIN-BOTTOM: 0px; MARGIN-TOP: 12px"><font style="FONT-FAMILY: Times New Roman" size="2">The Company currently mitigates certain foreign currency exchange rate risk with derivative instruments. Currently, the Company enters into foreign currency forward contracts with one counterparty. If this counterparty experiences financial difficulties, or is otherwise unable to honor the terms of the contract, the Company may experience material losses.</font></p> </div>
CY2013 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.01 pure
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
16.39
CY2013 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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1385901 shares
CY2013 us-gaap Stockholders Equity Note Stock Split Conversion Ratio1
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2 pure
CY2013 us-gaap Use Of Estimates
UseOfEstimates
<div> <p style="MARGIN-TOP: 18px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2"><u>Use of Estimates in the Preparation of Financial Statements</u></font></p> <p style="MARGIN-TOP: 6px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2">The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (U.S.&#xA0;GAAP) requires management to make estimates and judgments that affect the reported amounts of assets and liabilities and the disclosure of contingent liabilities as of the balance sheet date, and the reported amounts of revenues and expenses during the year. Actual results could differ from those estimates. Significant estimates and judgments include those related to revenue recognition, investments, accounts receivable, inventories, long-lived assets, goodwill, warranty obligations, contingencies, stock-based compensation, income taxes, derivative instruments, and purchase accounting.</font></p> </div>
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-646000
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438000
CY2013 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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1048000
CY2013 us-gaap Comprehensive Income Net Of Tax
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73569000
CY2013 us-gaap Gross Profit
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269806000
CY2013 us-gaap Available For Sale Securities Gross Realized Gains
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508000
CY2013 us-gaap Income Taxes Paid Net
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8831000
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0
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326786000
CY2013 us-gaap Derivative Instruments Gain Loss Reclassified From Accumulated Oci Into Income Effective Portion Net
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58310000
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-2234000
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29576000
CY2013 us-gaap Product Warranty Accrual Warranties Issued
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2770000
CY2013 us-gaap Stock Issued During Period Value Stock Options Exercised
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27792000
CY2013 us-gaap Product Warranty Accrual Currency Translation Increase Decrease
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104000
CY2013 us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
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7658000
CY2013 us-gaap Gain Loss On Sale Of Investments
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-403000
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104000
CY2013 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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CY2013 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
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-190000
CY2013 us-gaap Operating Income Loss
OperatingIncomeLoss
86368000
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3750000
CY2013 us-gaap Available For Sale Securities Change In Net Unrealized Holding Gain Loss Net Of Tax
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-36000
CY2013 us-gaap Payments To Acquire Investments
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370781000
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27100000
CY2013 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
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269000
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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87886000
CY2013 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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82000
CY2013 us-gaap Increase Decrease In Accounts Receivable
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11311000
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3482000
CY2013 us-gaap Net Income Loss
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73573000
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-2519000
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-666000
CY2013 us-gaap Derivative Instruments Gain Loss Reclassification From Accumulated Oci To Income Estimated Net Amount To Be Transferred
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111000
CY2013 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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10620000
CY2013 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
3482000
CY2013 us-gaap Operating Leases Income Statement Lease Revenue
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676000
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47908000
CY2013 us-gaap Investment Income Nonoperating
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2604000
CY2013 us-gaap Adjustments To Additional Paid In Capital Tax Effect From Share Based Compensation
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7658000
CY2013 us-gaap Adjustment For Long Term Intercompany Transactions Net Of Tax
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1271000
CY2013 us-gaap Sales Revenue Net
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353886000
CY2013 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
9630000
CY2013 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
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27792000
CY2013 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
10620000
CY2013 us-gaap Defined Contribution Plan Cost Recognized
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1423000
CY2013 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
267000
CY2013 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
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22000
CY2013 us-gaap Net Cash Provided By Used In Financing Activities
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-12458000
CY2013 us-gaap Cost Of Services
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12187000
CY2013 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
84080000
CY2013 us-gaap Proceeds From Sale Maturity And Collections Of Investments
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296091000
CY2013 us-gaap Cost Of Goods Sold
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71893000
CY2013 us-gaap Deferred Income Tax Expense Benefit
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1705000
CY2013 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
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13000
CY2013 us-gaap Costmethod Investments Realized Losses Excluding Other Than Temporary Impairments
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15000
CY2013 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
47908000
CY2013 us-gaap Depreciation And Amortization
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11102000
CY2013 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-4516000
CY2013 us-gaap Proceeds From Sale Of Trading Securities Heldforinvestment
ProceedsFromSaleOfTradingSecuritiesHeldforinvestment
347000
CY2013 us-gaap Current State And Local Tax Expense Benefit
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721000
CY2013 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
5772000
CY2013 us-gaap Increase Decrease In Accrued Liabilities
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5593000
CY2013 us-gaap Increase Decrease In Accrued Income Taxes Payable
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7968000
CY2013 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
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-147000
CY2013 us-gaap Deferred Federal Income Tax Expense Benefit
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1580000
CY2013 us-gaap Product Warranty Accrual Payments
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2114000
CY2013 us-gaap Net Cash Provided By Used In Investing Activities
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CY2013 us-gaap Research And Development Expense
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48087000
CY2013 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
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-314000
CY2013 us-gaap Available For Sale Securities Gross Realized Losses
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194000
CY2013 us-gaap Other Comprehensive Income Foreign Currency Translation Gain Loss Arising During Period Tax
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22000
CY2013 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
119000
CY2013 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
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7658000
CY2013 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
3797000
CY2013 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
12608000
CY2013 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
3167000
CY2013 us-gaap Depreciation
Depreciation
7305000
CY2013 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
10620000
CY2013 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
6000
CY2013 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
1102000
CY2013 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
8720000
CY2013 us-gaap Advertising Expense
AdvertisingExpense
1656000
CY2013 us-gaap Increase Decrease In Deferred Revenue And Customer Advances And Deposits
IncreaseDecreaseInDeferredRevenueAndCustomerAdvancesAndDeposits
3228000
CY2013 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
135351000
CY2013 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
14313000
CY2013 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
557000
CY2013 cgnx Minimum Age To Be Eligible To Defined Contribution Plan
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21 Y
CY2013 cgnx Maximum Investment In Limited Partnership
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20500000
CY2013 cgnx Opened Tax Years By Major Tax Jurisdiction
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2010 through 2012
CY2013 cgnx Number Of Customers Accounting For More Than Ten Percent Of Revenue
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0 Customer
CY2013 cgnx Company Contributions Vest At End Of Five Years
CompanyContributionsVestAtEndOfFiveYears
1.00 pure
CY2013 cgnx Increase Decrease Interest And Penalties
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854000
CY2013 cgnx Maximum Contribution By Employee Under Plan As Percentage Of Pretax Salary
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0.25 pure
CY2013 cgnx Maximum Decrease In Income Tax Expense Due To Release In Reserves
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550000
CY2013 cgnx Shares Based Compensation Arrangement By Shares Based Payment Award Options Exercisable Intrinsic Value
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32096000
CY2013 cgnx Minimum Decrease In Income Tax Expense Due To Release In Reserves
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450000
CY2013 cgnx Company Contributions Vest At End Of Three Years
CompanyContributionsVestAtEndOfThreeYears
0.40 pure
CY2013 cgnx Income Tax Examination Years Under Examinations
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2010 and 2011
CY2013 cgnx Gross Margin Services
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14913000
CY2013 cgnx Investment Maturity Period Maximum
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P10Y
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0.5
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-210000
CY2013 cgnx Company Contributions Vest At End Of Four Years
CompanyContributionsVestAtEndOfFourYears
0.60 pure
CY2013 cgnx Maximum Investment Of Company In Partnership
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Less than 5%
CY2013 cgnx Gross Margin Products
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254893000
CY2013 cgnx Income Tax Examination Years Under Examination Other Entities
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2009 through 2012
CY2013 cgnx Company Contributions Vest At End Of Two Year
CompanyContributionsVestAtEndOfTwoYear
0.20 pure
CY2013 cgnx Investment Expiration Date
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2015-12-31
CY2013 cgnx Income Tax Reconciliation Reductions Resulting From Lapse Of Applicable Statute Of Limitations
IncomeTaxReconciliationReductionsResultingFromLapseOfApplicableStatuteOfLimitations
1790000
CY2013 cgnx Operating Lease Expiration Year
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2021
CY2013 cgnx Number Of Reporting Units For Goodwill Allocation
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2 Segment
CY2013 cgnx Contribution Made To Partnership During Period
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0
CY2013 cgnx Share Based Compensation Arrangement By Share Based Payment Award Options Vested Fair Value
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9717000
CY2013 cgnx Number Of Categories Of Guarantees
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3 Category
CY2013 cgnx Increase In Compensation Expense Due To Revised Estimated Forfeiture Rates
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300000
CY2013 cgnx Derivative Instruments Change In Accumulated Other Comprehensive Income Net
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-104000
CY2013 cgnx Eligible Minimum Percentage Of Common Stock To Exercise Shareholders Right
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0.15 pure
CY2013 cgnx Cash Distributions Received From Limited Partnership
CashDistributionsReceivedFromLimitedPartnership
1422000
CY2013 cgnx Valuation Allowance Deferred Tax Asset Decrease For Capital Losses
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373000
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
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0.020 pure
CY2012 us-gaap Earnings Per Share Diluted
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0.78
CY2012 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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87280000 shares
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
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0.44 pure
CY2012 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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1614000 shares
CY2012 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.35 pure
CY2012 us-gaap Earnings Per Share Basic
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0.79
CY2012 us-gaap Effective Income Tax Rate Continuing Operations
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0.21 pure
CY2012 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
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P5Y8M12D
CY2012 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
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-0.01 pure
CY2012 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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-0.14 pure
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
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6.58
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.012 pure
CY2012 us-gaap Net Cash Provided By Used In Operating Activities
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101131000
CY2012 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
85666000 shares
CY2012 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.01 pure
CY2012 us-gaap Common Stock Dividends Per Share Cash Paid
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0.77
CY2012 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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1790911 shares
CY2012 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-880000
CY2012 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
43000
CY2012 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
642000
CY2012 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
57631000
CY2012 us-gaap Gross Profit
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244784000
CY2012 us-gaap Available For Sale Securities Gross Realized Gains
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1990000
CY2012 us-gaap Income Taxes Paid Net
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13551000
CY2012 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
66213000
CY2012 us-gaap Sales Revenue Goods Net
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295588000
CY2012 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
49876000
CY2012 us-gaap Increase Decrease In Deferred Income Taxes
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-429000
CY2012 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-367000
CY2012 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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36754000
CY2012 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
1725000
CY2012 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
17468000
CY2012 us-gaap Product Warranty Accrual Currency Translation Increase Decrease
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43000
CY2012 us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
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3594000
CY2012 us-gaap Gain Loss On Sale Of Investments
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1625000
CY2012 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
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0
CY2012 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-10467000
CY2012 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
2079000
CY2012 us-gaap Operating Income Loss
OperatingIncomeLoss
83407000
CY2012 us-gaap Available For Sale Securities Change In Net Unrealized Holding Gain Loss Net Of Tax
AvailableForSaleSecuritiesChangeInNetUnrealizedHoldingGainLossNetOfTax
468000
CY2012 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
460486000
CY2012 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
28691000
CY2012 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
86630000
CY2012 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-12546000
CY2012 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-5035000
CY2012 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-5175000
CY2012 us-gaap Net Income Loss
NetIncomeLoss
68098000
CY2012 us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
-5735000
CY2012 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-1872000
CY2012 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
8520000
CY2012 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
2772000
CY2012 us-gaap Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
854000
CY2012 us-gaap Investment Income Nonoperating
InvestmentIncomeNonoperating
4470000
CY2012 us-gaap Adjustments To Additional Paid In Capital Tax Effect From Share Based Compensation
AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation
3594000
CY2012 us-gaap Adjustment For Long Term Intercompany Transactions Net Of Tax
AdjustmentForLongTermIntercompanyTransactionsNetOfTax
1271000
CY2012 us-gaap Sales Revenue Net
SalesRevenueNet
324279000
CY2012 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
9878000
CY2012 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
17468000
CY2012 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
8520000
CY2012 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
1362000
CY2012 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
84000
CY2012 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
7000
CY2012 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-45151000
CY2012 us-gaap Cost Of Services
CostOfServices
14063000
CY2012 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
79495000
CY2012 us-gaap Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
431510000
CY2012 us-gaap Cost Of Goods Sold
CostOfGoodsSold
65432000
CY2012 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
669000
CY2012 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
66213000
CY2012 us-gaap Goodwill Translation Adjustments
GoodwillTranslationAdjustments
-340000
CY2012 us-gaap Costmethod Investments Realized Losses Excluding Other Than Temporary Impairments
CostmethodInvestmentsRealizedLossesExcludingOtherThanTemporaryImpairments
65000
CY2012 us-gaap Depreciation And Amortization
DepreciationAndAmortization
10858000
CY2012 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
7057000
CY2012 us-gaap Proceeds From Sale Of Trading Securities Heldforinvestment
ProceedsFromSaleOfTradingSecuritiesHeldforinvestment
2128000
CY2012 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
789000
CY2012 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
5806000
CY2012 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-1974000
CY2012 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
3363000
CY2012 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
129000
CY2012 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
428000
CY2012 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
1609000
CY2012 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-38854000
CY2012 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
41549000
CY2012 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
-1695000
CY2012 us-gaap Available For Sale Securities Gross Realized Losses
AvailableForSaleSecuritiesGrossRealizedLosses
295000
CY2012 us-gaap Other Comprehensive Income Foreign Currency Translation Gain Loss Arising During Period Tax
OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax
7000
CY2012 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
36000
CY2012 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
3594000
CY2012 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
424000
CY2012 us-gaap Increase Decrease In Deferred Revenue And Customer Advances And Deposits
IncreaseDecreaseInDeferredRevenueAndCustomerAdvancesAndDeposits
-761000
CY2012 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
119828000
CY2012 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
18532000
CY2012 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-10069000
CY2012 cgnx Number Of Customers Accounting For More Than Ten Percent Of Revenue
NumberOfCustomersAccountingForMoreThanTenPercentOfRevenue
0 Customer
CY2012 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
4137000
CY2012 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
17863000
CY2012 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
5790000
CY2012 us-gaap Depreciation
Depreciation
6721000
CY2012 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
8520000
CY2012 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
205000
CY2012 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
385000
CY2012 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
11284000
CY2012 us-gaap Advertising Expense
AdvertisingExpense
1792000
CY2012 cgnx Increase Decrease Interest And Penalties
IncreaseDecreaseInterestAndPenalties
58000
CY2012 cgnx Increase Decrease In Tax Expense From Write Down Of Noncurrent Deferred Tax Asset
IncreaseDecreaseInTaxExpenseFromWriteDownOfNoncurrentDeferredTaxAsset
101000
CY2012 cgnx Shares Based Compensation Arrangement By Shares Based Payment Award Options Exercisable Intrinsic Value
SharesBasedCompensationArrangementBySharesBasedPaymentAwardOptionsExercisableIntrinsicValue
16296000
CY2012 cgnx Gross Margin Services
GrossMarginServices
14628000
CY2012 cgnx Gross Margin Products
GrossMarginProducts
230156000
CY2012 cgnx Income Tax Reconciliation Reductions Resulting From Lapse Of Applicable Statute Of Limitations
IncomeTaxReconciliationReductionsResultingFromLapseOfApplicableStatuteOfLimitations
441000
CY2012 cgnx Share Based Compensation Arrangement By Share Based Payment Award Options Vested Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedFairValue
9362000
CY2012 cgnx Increase In Compensation Expense Due To Revised Estimated Forfeiture Rates
IncreaseInCompensationExpenseDueToRevisedEstimatedForfeitureRates
200000
CY2013Q1 cgnx Income Tax Holiday Termination Of Applicable Statute
IncomeTaxHolidayTerminationOfApplicableStatute
354000
CY2012Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.055
CY2012Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.055
CY2012Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.050
CY2012Q2 cgnx Income Tax Holiday Termination Of Applicable Statute
IncomeTaxHolidayTerminationOfApplicableStatute
141000
CY2012Q4 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.055
CY2012Q4 cgnx Special Dividend Per Share
SpecialDividendPerShare
0.50
CY2012Q4 cgnx Additional Dividend Per Share
AdditionalDividendPerShare
0.055

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