2016 Q2 Form 10-Q Financial Statement

#000093639516000104 Filed on June 08, 2016

View on sec.gov

Income Statement

Concept 2016 Q2 2015 Q2
Revenue $640.7M $621.6M
YoY Change 3.08% 10.99%
Cost Of Revenue $357.6M $349.2M
YoY Change 2.42% 8.32%
Gross Profit $283.1M $272.4M
YoY Change 3.92% 14.61%
Gross Profit Margin 44.18% 43.82%
Selling, General & Admin $121.9M $112.8M
YoY Change 8.07% -2.4%
% of Gross Profit 43.05% 41.4%
Research & Development $114.6M $105.2M
YoY Change 8.94% 1.65%
% of Gross Profit 40.48% 38.62%
Depreciation & Amortization $35.80M $26.70M
YoY Change 34.08% -3.26%
% of Gross Profit 12.65% 9.8%
Operating Expenses $254.9M $230.0M
YoY Change 10.81% -0.23%
Operating Profit $28.23M $42.41M
YoY Change -33.43% 492.21%
Interest Expense $12.61M $12.95M
YoY Change -2.62% 17.49%
% of Operating Profit 44.66% 30.53%
Other Income/Expense, Net $79.00K -$1.314M
YoY Change -106.01%
Pretax Income $16.59M $23.92M
YoY Change -30.63% -515.03%
Income Tax $2.595M $3.265M
% Of Pretax Income 15.64% 13.65%
Net Earnings $14.00M $20.65M
YoY Change -32.23% -303.32%
Net Earnings / Revenue 2.18% 3.32%
Basic Earnings Per Share $0.10 $0.18
Diluted Earnings Per Share $0.10 $0.17
COMMON SHARES
Basic Shares Outstanding 138.0M shares 113.6M shares
Diluted Shares Outstanding 138.9M shares 128.0M shares

Balance Sheet

Concept 2016 Q2 2015 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.117B $731.4M
YoY Change 52.75% 76.2%
Cash & Equivalents $922.0M $586.3M
Short-Term Investments $195.2M $145.1M
Other Short-Term Assets $185.8M $175.4M
YoY Change 5.93% -7.97%
Inventory $190.9M $214.6M
Prepaid Expenses
Receivables $555.1M $553.3M
Other Receivables $29.00M $8.100M
Total Short-Term Assets $2.078B $1.683B
YoY Change 23.48% 17.57%
LONG-TERM ASSETS
Property, Plant & Equipment $248.6M $139.1M
YoY Change 78.8% 16.01%
Goodwill $267.7M
YoY Change
Intangibles $184.9M
YoY Change
Long-Term Investments $125.2M $85.20M
YoY Change 46.95% 468.0%
Other Assets $77.05M $82.19M
YoY Change -6.25% 10.93%
Total Long-Term Assets $903.5M $408.7M
YoY Change 121.06% 12.25%
TOTAL ASSETS
Total Short-Term Assets $2.078B $1.683B
Total Long-Term Assets $903.5M $408.7M
Total Assets $2.982B $2.092B
YoY Change 42.55% 16.49%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $225.2M $210.0M
YoY Change 7.25% -8.5%
Accrued Expenses $283.1M $253.9M
YoY Change 11.51% -0.22%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $8.100M $8.700M
YoY Change -6.9% -95.36%
Total Short-Term Liabilities $630.1M $575.5M
YoY Change 9.49% -27.16%
LONG-TERM LIABILITIES
Long-Term Debt $1.505B $1.276B
YoY Change 17.97% 24.3%
Other Long-Term Liabilities $106.8M $51.46M
YoY Change 107.59% 43.78%
Total Long-Term Liabilities $106.8M $51.46M
YoY Change 107.59% 43.78%
TOTAL LIABILITIES
Total Short-Term Liabilities $630.1M $575.5M
Total Long-Term Liabilities $106.8M $51.46M
Total Liabilities $2.313B $1.953B
YoY Change 18.42% 4.08%
SHAREHOLDERS EQUITY
Retained Earnings -$5.996B -$6.009B
YoY Change -0.2% 0.21%
Common Stock $6.681B $6.169B
YoY Change 8.3% 4.08%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $669.0M $138.7M
YoY Change
Total Liabilities & Shareholders Equity $2.982B $2.092B
YoY Change 42.55% 16.49%

Cashflow Statement

Concept 2016 Q2 2015 Q2
OPERATING ACTIVITIES
Net Income $14.00M $20.65M
YoY Change -32.23% -303.32%
Depreciation, Depletion And Amortization $35.80M $26.70M
YoY Change 34.08% -3.26%
Cash From Operating Activities $60.70M $37.80M
YoY Change 60.58% 1790.0%
INVESTING ACTIVITIES
Capital Expenditures -$24.20M -$10.70M
YoY Change 126.17% 0.0%
Acquisitions
YoY Change
Other Investing Activities -$21.60M -$31.10M
YoY Change -30.55% -1344.0%
Cash From Investing Activities -$45.90M -$41.80M
YoY Change 9.81% 409.76%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 244.1M -7.800M
YoY Change -3229.49% -1075.0%
NET CHANGE
Cash From Operating Activities 60.70M 37.80M
Cash From Investing Activities -45.90M -41.80M
Cash From Financing Activities 244.1M -7.800M
Net Change In Cash 258.9M -11.80M
YoY Change -2294.07% 118.52%
FREE CASH FLOW
Cash From Operating Activities $60.70M $37.80M
Capital Expenditures -$24.20M -$10.70M
Free Cash Flow $84.90M $48.50M
YoY Change 75.05% 281.89%

Facts In Submission

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CY2016Q2 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
31038000 USD
CY2016Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
37853000 USD
CY2016Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
21192000 USD
CY2016Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
22219000 USD
CY2016Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
22766000 USD
CY2016Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
45447000 USD
CY2016Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
180515000 USD
CY2015 us-gaap Fiscal Period Duration
FiscalPeriodDuration
P364D
CY2015Q2 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-18832000 USD
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-22500000 USD
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-22485000 USD
CY2016Q2 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
10506000 USD
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
6100000 USD
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
6130000 USD
CY2015Q2 us-gaap Gain Loss On Foreign Currency Derivative Instruments Not Designated As Hedging Instruments
GainLossOnForeignCurrencyDerivativeInstrumentsNotDesignatedAsHedgingInstruments
14351000 USD
us-gaap Gain Loss On Foreign Currency Derivative Instruments Not Designated As Hedging Instruments
GainLossOnForeignCurrencyDerivativeInstrumentsNotDesignatedAsHedgingInstruments
10000000 USD
us-gaap Gain Loss On Foreign Currency Derivative Instruments Not Designated As Hedging Instruments
GainLossOnForeignCurrencyDerivativeInstrumentsNotDesignatedAsHedgingInstruments
10002000 USD
CY2016Q2 us-gaap Gain Loss On Foreign Currency Derivative Instruments Not Designated As Hedging Instruments
GainLossOnForeignCurrencyDerivativeInstrumentsNotDesignatedAsHedgingInstruments
-10600000 USD
us-gaap Gain Loss On Foreign Currency Derivative Instruments Not Designated As Hedging Instruments
GainLossOnForeignCurrencyDerivativeInstrumentsNotDesignatedAsHedgingInstruments
-15213000 USD
us-gaap Gain Loss On Foreign Currency Derivative Instruments Not Designated As Hedging Instruments
GainLossOnForeignCurrencyDerivativeInstrumentsNotDesignatedAsHedgingInstruments
-15200000 USD
CY2015Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
30302000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
59855000 USD
CY2016Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
35203000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
66345000 USD
CY2015Q4 us-gaap Goodwill
Goodwill
256434000 USD
CY2016Q2 us-gaap Goodwill
Goodwill
267681000 USD
us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
10083000 USD
us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
1164000 USD
CY2015Q2 us-gaap Gross Profit
GrossProfit
272411000 USD
us-gaap Gross Profit
GrossProfit
502706000 USD
CY2016Q2 us-gaap Gross Profit
GrossProfit
283093000 USD
us-gaap Gross Profit
GrossProfit
534543000 USD
CY2015Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
23918000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
6189000 USD
CY2016Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
16592000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
6345000 USD
CY2015Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3265000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
4315000 USD
CY2016Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2595000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3894000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
5811000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
6991000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-28982000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-29400000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
46630000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
4865000 USD
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
16694000 USD
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-3992000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-27952000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
19022000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
15621000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
7670000 USD
us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
44000 USD
us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
0 USD
CY2015Q2 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
13108000 shares
us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
0 shares
CY2016Q2 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
0 shares
us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
0 shares
CY2015Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1354000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1184000 shares
CY2016Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
939000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1380000 shares
CY2015Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
941806000 USD
CY2016Q2 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
718202000 USD
CY2015Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
202673000 USD
CY2016Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
184920000 USD
CY2015Q2 us-gaap Interest Expense
InterestExpense
12947000 USD
us-gaap Interest Expense
InterestExpense
26608000 USD
CY2016Q2 us-gaap Interest Expense
InterestExpense
12608000 USD
us-gaap Interest Expense
InterestExpense
25318000 USD
CY2015Q2 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
246000 USD
us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
465000 USD
CY2016Q2 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
982000 USD
us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
1668000 USD
CY2015Q2 us-gaap Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
1387000 USD
us-gaap Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
0 USD
CY2016Q2 us-gaap Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
0 USD
us-gaap Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
0 USD
us-gaap Interest Paid
InterestPaid
21882000 USD
us-gaap Interest Paid
InterestPaid
19620000 USD
CY2015Q4 us-gaap Interest Payable Current
InterestPayableCurrent
5389000 USD
CY2016Q2 us-gaap Interest Payable Current
InterestPayableCurrent
5265000 USD
CY2015Q4 us-gaap Interest Rate Cash Flow Hedge Liability At Fair Value
InterestRateCashFlowHedgeLiabilityAtFairValue
5522000 USD
CY2016Q2 us-gaap Interest Rate Cash Flow Hedge Liability At Fair Value
InterestRateCashFlowHedgeLiabilityAtFairValue
5428000 USD
CY2015Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
125966000 USD
CY2016Q2 us-gaap Inventory Finished Goods
InventoryFinishedGoods
120356000 USD
CY2015Q4 us-gaap Inventory Gross
InventoryGross
244163000 USD
CY2016Q2 us-gaap Inventory Gross
InventoryGross
254281000 USD
CY2015Q4 us-gaap Inventory Net
InventoryNet
191162000 USD
CY2016Q2 us-gaap Inventory Net
InventoryNet
190861000 USD
CY2015Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
53082000 USD
CY2016Q2 us-gaap Inventory Raw Materials
InventoryRawMaterials
50612000 USD
CY2015Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
53001000 USD
CY2016Q2 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
63420000 USD
CY2015Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
9120000 USD
CY2016Q2 us-gaap Inventory Work In Process
InventoryWorkInProcess
12910000 USD
us-gaap Inventory Write Down
InventoryWriteDown
10834000 USD
us-gaap Inventory Write Down
InventoryWriteDown
20104000 USD
CY2015Q4 us-gaap Liabilities
Liabilities
2074175000 USD
CY2016Q2 us-gaap Liabilities
Liabilities
2312571000 USD
CY2015Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
2695051000 USD
CY2016Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
2981583000 USD
CY2015Q4 us-gaap Liabilities Current
LiabilitiesCurrent
667034000 USD
CY2016Q2 us-gaap Liabilities Current
LiabilitiesCurrent
630132000 USD
CY2015Q4 us-gaap Marketable Securities Noncurrent
MarketableSecuritiesNoncurrent
95105000 USD
CY2016Q2 us-gaap Marketable Securities Noncurrent
MarketableSecuritiesNoncurrent
125233000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-3202000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
235907000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-53818000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-179878000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
59942000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
75682000 USD
CY2015Q2 us-gaap Net Income Loss
NetIncomeLoss
20653000 USD
us-gaap Net Income Loss
NetIncomeLoss
1874000 USD
CY2016Q2 us-gaap Net Income Loss
NetIncomeLoss
13997000 USD
us-gaap Net Income Loss
NetIncomeLoss
2451000 USD
CY2015Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
22040000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
1874000 USD
CY2016Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
13997000 USD
CY2015Q4 us-gaap Nontrade Receivables Current
NontradeReceivablesCurrent
8588000 USD
CY2016Q2 us-gaap Nontrade Receivables Current
NontradeReceivablesCurrent
9043000 USD
CY2015Q4 us-gaap Notes And Loans Receivable Net Current
NotesAndLoansReceivableNetCurrent
19869000 USD
CY2016Q2 us-gaap Notes And Loans Receivable Net Current
NotesAndLoansReceivableNetCurrent
20016000 USD
CY2015Q4 us-gaap Notes And Loans Receivable Net Noncurrent
NotesAndLoansReceivableNetNoncurrent
10107000 USD
CY2016Q2 us-gaap Notes And Loans Receivable Net Noncurrent
NotesAndLoansReceivableNetNoncurrent
0 USD
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
3 segments
us-gaap Operating Cycle
OperatingCycle
52 or 53-week fiscal year
CY2015Q2 us-gaap Operating Expenses
OperatingExpenses
229997000 USD
us-gaap Operating Expenses
OperatingExpenses
456127000 USD
CY2016Q2 us-gaap Operating Expenses
OperatingExpenses
254860000 USD
us-gaap Operating Expenses
OperatingExpenses
495071000 USD
CY2015Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
42414000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
46579000 USD
CY2016Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
28233000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
39472000 USD
CY2015Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
105662000 USD
CY2016Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
104946000 USD
CY2015Q4 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
8470000 USD
CY2016Q2 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
10002000 USD
CY2015Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
84656000 USD
CY2016Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
77051000 USD
CY2015Q2 us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
-60000 USD
us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
-24000 USD
CY2016Q2 us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
234000 USD
us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
256000 USD
CY2015Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
8837000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-3411000 USD
CY2016Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
7516000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
4693000 USD
us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-9886000 USD
us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
4231000 USD
CY2015Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
12165000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-7125000 USD
CY2016Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
12157000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
6507000 USD
CY2015Q4 us-gaap Other Inventory Capitalized Costs
OtherInventoryCapitalizedCosts
55995000 USD
CY2016Q2 us-gaap Other Inventory Capitalized Costs
OtherInventoryCapitalizedCosts
70403000 USD
CY2015Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
72540000 USD
CY2016Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
106817000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-10266000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-8578000 USD
CY2015Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-1314000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-1764000 USD
CY2016Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
79000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-394000 USD
CY2015Q4 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
25074000 USD
CY2016Q2 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
25749000 USD
us-gaap Payments For Proceeds From Derivative Instrument Investing Activities
PaymentsForProceedsFromDerivativeInstrumentInvestingActivities
-10364000 USD
us-gaap Payments For Proceeds From Derivative Instrument Investing Activities
PaymentsForProceedsFromDerivativeInstrumentInvestingActivities
4834000 USD
us-gaap Payments For Restructuring
PaymentsForRestructuring
7778000 USD
us-gaap Payments For Restructuring
PaymentsForRestructuring
1026000 USD
us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
130239000 USD
us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
199994000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
32000000 USD
us-gaap Payments To Acquire Other Investments
PaymentsToAcquireOtherInvestments
2000000 USD
us-gaap Payments To Acquire Other Investments
PaymentsToAcquireOtherInvestments
0 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
21899000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
53050000 USD
CY2015Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2016Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2015Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
20000000 shares
CY2016Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
20000000 shares
CY2015Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2016Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2015Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2016Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2015Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2016Q2 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2015Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
196178000 USD
CY2016Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
214920000 USD
CY2015Q4 us-gaap Prepaid Taxes
PrepaidTaxes
74754000 USD
CY2016Q2 us-gaap Prepaid Taxes
PrepaidTaxes
85479000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
9980000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
9968000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
248750000 USD
us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
90000000 USD
us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
110000000 USD
CY2014Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
55997000 USD
CY2015Q2 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
53959000 USD
CY2015Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
56654000 USD
CY2016Q2 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
56021000 USD
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
9696000 USD
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
10196000 USD
us-gaap Product Warranty Expense
ProductWarrantyExpense
7658000 USD
us-gaap Product Warranty Expense
ProductWarrantyExpense
9563000 USD
CY2015Q2 us-gaap Profit Loss
ProfitLoss
167209000 USD
us-gaap Profit Loss
ProfitLoss
296743000 USD
CY2016Q2 us-gaap Profit Loss
ProfitLoss
168490000 USD
us-gaap Profit Loss
ProfitLoss
311894000 USD
CY2015Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
486253000 USD
CY2016Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
554327000 USD
CY2015Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
191973000 USD
CY2016Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
248649000 USD
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-2761000 USD
CY2016Q2 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Exercisable Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfExercisableOptions
1644000 shares
CY2016Q2 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Outstanding Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions
1783000 shares
us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Upper Range Limit
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeUpperRangeLimit
55.63
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
234000 shares
CY2015Q4 us-gaap Stockholders Equity
StockholdersEquity
620876000 USD
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-2276000 USD
us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
4745000 USD
us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
3769000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
8190000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
15264000 USD
CY2015Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
105202000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
205963000 USD
CY2016Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
114603000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
222649000 USD
CY2015Q2 us-gaap Restructuring Charges
RestructuringCharges
-17000 USD
us-gaap Restructuring Charges
RestructuringCharges
8068000 USD
CY2016Q2 us-gaap Restructuring Charges
RestructuringCharges
535000 USD
us-gaap Restructuring Charges
RestructuringCharges
919000 USD
CY2014Q4 us-gaap Restructuring Reserve
RestructuringReserve
1315000 USD
CY2015Q2 us-gaap Restructuring Reserve
RestructuringReserve
1605000 USD
CY2015Q4 us-gaap Restructuring Reserve
RestructuringReserve
1279000 USD
CY2016Q2 us-gaap Restructuring Reserve
RestructuringReserve
1172000 USD
us-gaap Restructuring Reserve Accrual Adjustment1
RestructuringReserveAccrualAdjustment1
-10000 USD
CY2015Q2 us-gaap Restructuring Reserve Current
RestructuringReserveCurrent
1122000 USD
CY2016Q2 us-gaap Restructuring Reserve Current
RestructuringReserveCurrent
1006000 USD
CY2015Q2 us-gaap Restructuring Reserve Noncurrent
RestructuringReserveNoncurrent
483000 USD
CY2016Q2 us-gaap Restructuring Reserve Noncurrent
RestructuringReserveNoncurrent
166000 USD
CY2015Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-5998790000 USD
CY2016Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-5996339000 USD
CY2015Q2 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
511880000 USD
us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
934195000 USD
CY2016Q2 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
523978000 USD
us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
981567000 USD
CY2015Q2 us-gaap Sales Revenue Net
SalesRevenueNet
621602000 USD
us-gaap Sales Revenue Net
SalesRevenueNet
1150764000 USD
CY2016Q2 us-gaap Sales Revenue Net
SalesRevenueNet
640717000 USD
us-gaap Sales Revenue Net
SalesRevenueNet
1213832000 USD
CY2015Q2 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
109722000 USD
us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
216569000 USD
CY2016Q2 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
116739000 USD
us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
232265000 USD
CY2015Q2 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
82471000 USD
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
159183000 USD
CY2016Q2 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
86668000 USD
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
169146000 USD
CY2015Q2 us-gaap Share Based Compensation
ShareBasedCompensation
11329000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
22136000 USD
CY2016Q2 us-gaap Share Based Compensation
ShareBasedCompensation
14733000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
29210000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
39.06
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
276000 shares
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
2293000 shares
CY2016Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1783000 shares
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
24.45
CY2016Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
24.13
CY2016Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue
4461000 USD
CY2016Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
4573000 USD
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
9.73
us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Lower Range Limit
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeLowerRangeLimit
0.05
CY2016Q2 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Exercise Price1
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageExercisePrice1
23.70
us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageRemainingContractualTerm2
P3Y4M24D
us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageRemainingContractualTerm2
P3Y8M12D
CY2015Q4 us-gaap Short Term Investments
ShortTermInvestments
135107000 USD
CY2016Q2 us-gaap Short Term Investments
ShortTermInvestments
195179000 USD
CY2016Q2 us-gaap Stockholders Equity
StockholdersEquity
669012000 USD
CY2015Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
10820000 USD
CY2016Q2 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
12608000 USD
CY2015Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
128017000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
111762000 shares
CY2016Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
138889000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
138693000 shares
CY2015Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
113555000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
110578000 shares
CY2016Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
137950000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
137313000 shares
us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;text-indent:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of the financial statements and related disclosures in conformity with GAAP requires management to make estimates and judgments that affect the amounts reported in the condensed consolidated financial statements and accompanying notes. Estimates are used for selling prices for multiple element arrangements, shared-based compensation, convertible notes payable valuations, bad debts, valuation of inventories and investments, recoverability of intangible assets, other long-lived assets and goodwill, income taxes, warranty obligations, restructuring liabilities, derivatives, incentive compensation, contingencies and litigation. Ciena bases its estimates on historical experience and assumptions that it believes are reasonable. Actual results may differ materially from management&#8217;s estimates.</font></div></div>

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