2013 Q4 Form 10-K Financial Statement

#000162828015001629 Filed on March 09, 2015

View on sec.gov

Income Statement

Concept 2013 Q4 2013 Q3 2013 Q2
Revenue $8.160M $6.529M $7.081M
YoY Change -40.42% -47.9% -42.74%
Cost Of Revenue $2.150M $1.031M $1.155M
YoY Change -0.92% 11.83% 4.7%
Gross Profit $6.010M $5.498M $5.926M
YoY Change -47.83% -52.65% -47.39%
Gross Profit Margin 73.65% 84.21% 83.69%
Selling, General & Admin $6.860M $5.369M $5.397M
YoY Change -10.79% -21.11% -29.35%
% of Gross Profit 114.14% 97.66% 91.07%
Research & Development $1.340M $1.441M $1.387M
YoY Change 204.55% -15.09% -10.71%
% of Gross Profit 22.3% 26.2% 23.4%
Depreciation & Amortization $380.0K $310.0K $320.0K
YoY Change 58.33% 40.91% 45.45%
% of Gross Profit 6.32% 5.64% 5.4%
Operating Expenses $8.480M $6.809M $6.784M
YoY Change 2.54% -19.91% -26.2%
Operating Profit -$2.472M -$1.515M -$1.141M
YoY Change -175.99% -150.85% -158.79%
Interest Expense $30.00K $24.29K $20.70K
YoY Change 0.0% 41.02% 23.8%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$2.440M -$1.519M -$1.112M
YoY Change -174.16% -149.47% -155.63%
Income Tax -$930.0K -$686.2K -$463.4K
% Of Pretax Income
Net Earnings -$1.500M -$819.9K -$639.0K
YoY Change -183.1% -143.86% -136.63%
Net Earnings / Revenue -18.39% -12.56% -9.02%
Basic Earnings Per Share -$0.08 -$0.04 -$0.03
Diluted Earnings Per Share -$0.08 -$0.04 -$0.03
COMMON SHARES
Basic Shares Outstanding 18.11M shares 18.23M shares 18.41M shares
Diluted Shares Outstanding 18.23M shares 18.41M shares

Balance Sheet

Concept 2013 Q4 2013 Q3 2013 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $54.89M $65.17M $69.18M
YoY Change -22.73% -6.09% -1.87%
Cash & Equivalents $40.87M $46.01M $49.66M
Short-Term Investments $14.02M $19.16M $19.51M
Other Short-Term Assets $3.537M $3.466M $3.198M
YoY Change -10.7% -22.98% -5.95%
Inventory $5.723M $5.436M $6.094M
Prepaid Expenses
Receivables $4.530M $4.194M $3.971M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $68.68M $78.27M $82.44M
YoY Change -21.27% -9.83% -4.47%
LONG-TERM ASSETS
Property, Plant & Equipment $880.6K $975.0K $1.056M
YoY Change -25.93% -11.36% -4.03%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.346M $1.430M $1.320M
YoY Change 108.51% 104.28% 88.51%
Total Long-Term Assets $18.93M $13.64M $13.02M
YoY Change 66.65% 35.06% 43.13%
TOTAL ASSETS
Total Short-Term Assets $68.68M $78.27M $82.44M
Total Long-Term Assets $18.93M $13.64M $13.02M
Total Assets $87.61M $91.91M $95.47M
YoY Change -11.14% -5.15% 0.07%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.036M $2.272M $3.094M
YoY Change -27.04% -45.9% 6.69%
Accrued Expenses $5.510M
YoY Change 4.66%
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 $7.546M $5.412M $6.095M
YoY Change -6.33% -37.79% -14.16%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $4.900M $5.900M
YoY Change -100.0% 11.36% 34.09%
Other Long-Term Liabilities $776.1K $700.0K $600.0K
YoY Change 26.83% 16.67% -14.29%
Total Long-Term Liabilities $776.1K $5.600M $6.500M
YoY Change 26.83% 12.0% 27.45%
TOTAL LIABILITIES
Total Short-Term Liabilities $7.546M $5.412M $6.095M
Total Long-Term Liabilities $776.1K $5.600M $6.500M
Total Liabilities $8.322M $10.98M $12.59M
YoY Change -36.12% -18.67% 4.07%
SHAREHOLDERS EQUITY
Retained Earnings $16.39M $17.89M $18.71M
YoY Change -11.38%
Common Stock $63.07M $63.20M $64.31M
YoY Change -6.14%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $79.47M $81.10M $83.03M
YoY Change
Total Liabilities & Shareholders Equity $87.61M $91.91M $95.47M
YoY Change -11.14% -5.15% 0.07%

Cashflow Statement

Concept 2013 Q4 2013 Q3 2013 Q2
OPERATING ACTIVITIES
Net Income -$1.500M -$819.9K -$639.0K
YoY Change -183.1% -143.86% -136.63%
Depreciation, Depletion And Amortization $380.0K $310.0K $320.0K
YoY Change 58.33% 40.91% 45.45%
Cash From Operating Activities -$190.0K -$850.0K $120.0K
YoY Change -109.55% -144.74% -81.25%
INVESTING ACTIVITIES
Capital Expenditures -$4.870M -$790.0K -$880.0K
YoY Change 673.02% -34.71% 79.59%
Acquisitions
YoY Change
Other Investing Activities $5.100M $280.0K -$610.0K
YoY Change 180.22% -212.0% -72.52%
Cash From Investing Activities $240.0K -$520.0K -$1.480M
YoY Change -79.83% -64.38% -45.19%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -5.180M -2.280M -180.0K
YoY Change -1538.89% 19.37% -86.15%
NET CHANGE
Cash From Operating Activities -190.0K -850.0K 120.0K
Cash From Investing Activities 240.0K -520.0K -1.480M
Cash From Financing Activities -5.180M -2.280M -180.0K
Net Change In Cash -5.130M -3.650M -1.540M
YoY Change -244.92% 148.3% -54.17%
FREE CASH FLOW
Cash From Operating Activities -$190.0K -$850.0K $120.0K
Capital Expenditures -$4.870M -$790.0K -$880.0K
Free Cash Flow $4.680M -$60.00K $1.000M
YoY Change 78.63% -101.93% -11.5%

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CY2013 us-gaap Deferred Other Tax Expense Benefit
DeferredOtherTaxExpenseBenefit
-1579918 USD
CY2014 us-gaap Deferred Other Tax Expense Benefit
DeferredOtherTaxExpenseBenefit
-309330 USD
CY2012 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-84446 USD
CY2013 us-gaap Deferred State And Local Income Tax Expense Benefit
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-153217 USD
CY2014 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2014Q4 us-gaap Deferred Tax Assets Gross
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CY2013Q4 us-gaap Deferred Tax Assets Inventory
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1495895 USD
CY2014Q4 us-gaap Deferred Tax Assets Inventory
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1412477 USD
CY2013Q4 us-gaap Deferred Tax Assets Liabilities Net
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3920407 USD
CY2014Q4 us-gaap Deferred Tax Assets Liabilities Net
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4229737 USD
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2711516 USD
CY2014Q4 us-gaap Deferred Tax Assets Liabilities Net Current
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3651145 USD
CY2013Q4 us-gaap Deferred Tax Assets Liabilities Net Noncurrent
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1208891 USD
CY2014Q4 us-gaap Deferred Tax Assets Liabilities Net Noncurrent
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578592 USD
CY2013Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
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1378690 USD
CY2014Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
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1676729 USD
CY2013Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
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235446 USD
CY2014Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
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172008 USD
CY2013Q4 us-gaap Deferred Tax Assets Valuation Allowance
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131617 USD
CY2014Q4 us-gaap Deferred Tax Assets Valuation Allowance
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152074 USD
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2683587 USD
CY2014Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
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3707535 USD
CY2012 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
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50000 USD
CY2013 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
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50000 USD
CY2014 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
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50000 USD
CY2012 us-gaap Depreciation Depletion And Amortization
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901649 USD
CY2013 us-gaap Depreciation Depletion And Amortization
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1301835 USD
CY2014 us-gaap Depreciation Depletion And Amortization
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1989564 USD
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0.30
CY2013Q1 us-gaap Earnings Per Share Basic
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0.05
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-0.03
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CY2013 us-gaap Earnings Per Share Basic
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-0.11
CY2014Q1 us-gaap Earnings Per Share Basic
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0.02
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0.04
CY2014Q3 us-gaap Earnings Per Share Basic
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0.04
CY2014Q4 us-gaap Earnings Per Share Basic
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0.04
CY2014 us-gaap Earnings Per Share Basic
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0.14
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0.30
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0.05
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-0.03
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-0.04
CY2013Q4 us-gaap Earnings Per Share Diluted
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-0.08
CY2013 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.11
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0.02
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EarningsPerShareDiluted
0.04
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EarningsPerShareDiluted
0.04
CY2014Q4 us-gaap Earnings Per Share Diluted
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0.04
CY2014 us-gaap Earnings Per Share Diluted
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0.14
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0.36
CY2013 us-gaap Effective Income Tax Rate Continuing Operations
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0.42
CY2014 us-gaap Effective Income Tax Rate Continuing Operations
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0.37
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0.01
CY2012 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.34
CY2013 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.34
CY2014 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.34
CY2012 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Other
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0.03
CY2013 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Other
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0.00
CY2014 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
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0.00
CY2012 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
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-0.05
CY2013 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
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0.00
CY2012 us-gaap Other Nonoperating Gains Losses
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45814 USD
CY2012 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
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0.00
CY2013 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.01
CY2014 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.02
CY2012 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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0.04
CY2013 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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0.04
CY2014 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.05
CY2012 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
EffectiveIncomeTaxRateReconciliationTaxCreditsResearch
0.00
CY2013 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
EffectiveIncomeTaxRateReconciliationTaxCreditsResearch
0.05
CY2014 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
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-0.01
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1154093 USD
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1600000 USD
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P2Y4M1D
CY2012 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
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3760766 USD
CY2013 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
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48024 USD
CY2014 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
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1653028 USD
CY2012 us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
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3760766 USD
CY2013 us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
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48024 USD
CY2014 us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
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1653028 USD
CY2014Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
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1949396 USD
CY2014Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
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1949396 USD
CY2014Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
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1949396 USD
CY2014Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
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1949396 USD
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15498819 USD
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21568541 USD
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CY2013 us-gaap General And Administrative Expense
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CY2014 us-gaap General And Administrative Expense
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CY2012 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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9050982 USD
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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3743209 USD
CY2012 us-gaap Income Tax Expense Benefit
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CY2013 us-gaap Income Tax Expense Benefit
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-1523051 USD
CY2014 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2013 us-gaap Income Taxes Paid
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CY2014 us-gaap Income Taxes Paid
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17077 USD
CY2012 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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4373276 USD
CY2013 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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58855 USD
CY2014 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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3846482 USD
CY2012 us-gaap Increase Decrease In Accounts Receivable
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CY2012 us-gaap Increase Decrease In Inventories
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443661 USD
CY2013 us-gaap Increase Decrease In Inventories
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CY2013 us-gaap Interest Expense
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103422 USD
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56787 USD
CY2013 us-gaap Increase Decrease In Other Noncurrent Liabilities
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187673 USD
CY2014 us-gaap Increase Decrease In Other Noncurrent Liabilities
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162127 USD
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648941 USD
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1011365 USD
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CY2013 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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0 shares
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CY2012 us-gaap Interest Paid
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47910 USD
CY2013 us-gaap Interest Paid
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CY2014 us-gaap Interest Paid
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CY2014Q4 us-gaap Inventory Finished Goods Net Of Reserves
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CY2014Q4 us-gaap Inventory Net
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5600319 USD
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2025020 USD
CY2014Q4 us-gaap Inventory Raw Materials Net Of Reserves
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2571465 USD
CY2013Q4 us-gaap Inventory Valuation Reserves
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3500000 USD
CY2014Q4 us-gaap Inventory Valuation Reserves
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3200000 USD
CY2012 us-gaap Investment Income Interest
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304865 USD
CY2013 us-gaap Investment Income Interest
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230291 USD
CY2014 us-gaap Investment Income Interest
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251447 USD
CY2012 us-gaap Lease And Rental Expense
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900000 USD
CY2013 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
900000 USD
CY2014 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
1000000 USD
CY2013Q4 us-gaap Liabilities
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8321895 USD
CY2014Q4 us-gaap Liabilities
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14652323 USD
CY2013Q4 us-gaap Liabilities And Stockholders Equity
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87613738 USD
CY2014Q4 us-gaap Liabilities And Stockholders Equity
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7545770 USD
CY2014Q4 us-gaap Liabilities Current
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13749482 USD
CY2013Q4 us-gaap Long Term Line Of Credit
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0 USD
CY2014Q4 us-gaap Long Term Line Of Credit
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CY2014Q1 us-gaap Minority Interest Ownership Percentage By Parent
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CY2013 us-gaap Net Cash Provided By Used In Investing Activities
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CY2014 us-gaap Net Cash Provided By Used In Investing Activities
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CY2012 us-gaap Net Cash Provided By Used In Operating Activities
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7135182 USD
CY2014 us-gaap Net Cash Provided By Used In Operating Activities
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6693431 USD
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-819942 USD
CY2013Q4 us-gaap Net Income Loss
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-1500363 USD
CY2013 us-gaap Net Income Loss
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-2104614 USD
CY2014Q1 us-gaap Net Income Loss
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286320 USD
CY2014Q2 us-gaap Net Income Loss
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722570 USD
CY2014Q3 us-gaap Net Income Loss
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745920 USD
CY2014Q4 us-gaap Net Income Loss
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668913 USD
CY2014 us-gaap Net Income Loss
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2423723 USD
CY2012 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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-36286 USD
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-46804 USD
CY2014 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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-61258 USD
CY2014 us-gaap Noncontrolling Interest Increase From Sale Of Parent Equity Interest
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1000005 USD
CY2014 us-gaap Number Of Operating Segments
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1 segment
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8818102 USD
CY2013Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
1326051 USD
CY2013Q2 us-gaap Operating Income Loss
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-1140544 USD
CY2013Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-1514768 USD
CY2013Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
-2472077 USD
CY2013 us-gaap Operating Income Loss
OperatingIncomeLoss
-3801338 USD
CY2014Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
408051 USD
CY2014Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
1215609 USD
CY2014Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
989038 USD
CY2014Q4 us-gaap Operating Income Loss
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946138 USD
CY2014 us-gaap Operating Income Loss
OperatingIncomeLoss
3558836 USD
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2305725 USD
CY2014Q4 us-gaap Operating Leases Future Minimum Payments Due Current
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1052662 USD
CY2014Q4 us-gaap Operating Leases Future Minimum Payments Due Future Minimum Sublease Rentals
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300000 USD
CY2014Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
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78852 USD
CY2014Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
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232964 USD
CY2014Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
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941247 USD
CY2012 us-gaap Operating Leases Rent Expense Sublease Rentals1
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500000 USD
CY2013 us-gaap Operating Leases Rent Expense Sublease Rentals1
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500000 USD
CY2014 us-gaap Operating Leases Rent Expense Sublease Rentals1
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500000 USD
CY2013Q4 us-gaap Other Assets Noncurrent
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CY2014Q4 us-gaap Other Assets Noncurrent
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1791980 USD
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-36286 USD
CY2013 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
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-46804 USD
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-61258 USD
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726051 USD
CY2014Q4 us-gaap Other Liabilities Current
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1558916 USD
CY2013Q4 us-gaap Other Liabilities Noncurrent
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776125 USD
CY2014Q4 us-gaap Other Liabilities Noncurrent
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902841 USD
CY2012 us-gaap Payments To Acquire Intangible Assets
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2071926 USD
CY2013 us-gaap Payments To Acquire Intangible Assets
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7462080 USD
CY2014 us-gaap Other Nonoperating Gains Losses
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52040 USD
CY2013 us-gaap Other Nonoperating Gains Losses
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-178822 USD
CY2014 us-gaap Payments For Repurchase Of Common Stock
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4315444 USD
CY2012 us-gaap Payments To Acquire Businesses Gross
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0 USD
CY2013 us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
0 USD
CY2014 us-gaap Payments To Acquire Businesses Gross
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2000000 USD
CY2012 us-gaap Other Sales Revenue Net
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907206 USD
CY2013 us-gaap Other Sales Revenue Net
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926764 USD
CY2014 us-gaap Other Sales Revenue Net
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218109 USD
CY2012 us-gaap Payments For Repurchase Of Common Stock
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8086594 USD
CY2013 us-gaap Payments For Repurchase Of Common Stock
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4800908 USD
CY2014 us-gaap Payments To Acquire Intangible Assets
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3101565 USD
CY2014Q2 us-gaap Payments To Acquire Interest In Subsidiaries And Affiliates
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1000000 USD
CY2012 us-gaap Payments To Acquire Marketable Securities
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21860802 USD
CY2013 us-gaap Payments To Acquire Marketable Securities
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4371508 USD
CY2014 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
4207262 USD
CY2012 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
464893 USD
CY2013 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
97412 USD
CY2014 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
163258 USD
CY2014Q4 us-gaap Preferred Stock Shares Authorized
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20000000 shares
CY2013Q4 us-gaap Prepaid Expense And Other Assets Current
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825675 USD
CY2014Q4 us-gaap Prepaid Expense And Other Assets Current
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1351324 USD
CY2012 us-gaap Proceeds From Minority Shareholders
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0 USD
CY2013 us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
0 USD
CY2014 us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
1000005 USD
CY2012 us-gaap Proceeds From Repayments Of Lines Of Credit
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-500000 USD
CY2013 us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
-4359951 USD
CY2014 us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
0 USD
CY2012 us-gaap Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
5220480 USD
CY2013 us-gaap Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
6859061 USD
CY2014 us-gaap Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
3437645 USD
CY2012 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
618022 USD
CY2013 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
-41276 USD
CY2014 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
0 USD
CY2012 us-gaap Profit Loss
ProfitLoss
5806206 USD
CY2013 us-gaap Profit Loss
ProfitLoss
-2151418 USD
CY2014 us-gaap Profit Loss
ProfitLoss
2362465 USD
CY2013Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
2727299 USD
CY2014Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
2890557 USD
CY2013Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
880647 USD
CY2014Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
651030 USD
CY2012 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
5095172 USD
CY2013 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
5615501 USD
CY2014 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
3389419 USD
CY2013Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
16394540 USD
CY2014Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
18818263 USD
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
0 USD
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
139275 shares
CY2014 us-gaap Revenue Recognition Milestone Method Revenue Recognized
RevenueRecognitionMilestoneMethodRevenueRecognized
0 USD
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
198140 shares
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
6.25
CY2012 us-gaap Revenues
Revenues
700000 USD
CY2013 us-gaap Revenues
Revenues
800000 USD
CY2014 us-gaap Revenues
Revenues
600000 USD
CY2012 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
47944031 USD
CY2013 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
31100698 USD
CY2013 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
14387745 USD
CY2014 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
14902202 USD
CY2014 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
36683762 USD
CY2012 us-gaap Sales Revenue Net
SalesRevenueNet
48851237 USD
CY2013Q1 us-gaap Sales Revenue Net
SalesRevenueNet
10258132 USD
CY2013Q2 us-gaap Sales Revenue Net
SalesRevenueNet
7081088 USD
CY2013Q3 us-gaap Sales Revenue Net
SalesRevenueNet
6528575 USD
CY2013Q4 us-gaap Sales Revenue Net
SalesRevenueNet
8159667 USD
CY2013 us-gaap Sales Revenue Net
SalesRevenueNet
32027462 USD
CY2014Q1 us-gaap Sales Revenue Net
SalesRevenueNet
8093244 USD
CY2014Q2 us-gaap Sales Revenue Net
SalesRevenueNet
9750168 USD
CY2014Q3 us-gaap Sales Revenue Net
SalesRevenueNet
9729047 USD
CY2014Q4 us-gaap Sales Revenue Net
SalesRevenueNet
9329412 USD
CY2014 us-gaap Sales Revenue Net
SalesRevenueNet
36901871 USD
CY2012 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
20329493 USD
CY2012 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
19787537 shares
CY2013 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
18332997 shares
CY2012 us-gaap Share Based Compensation
ShareBasedCompensation
636528 USD
CY2013 us-gaap Share Based Compensation
ShareBasedCompensation
674955 USD
CY2014 us-gaap Share Based Compensation
ShareBasedCompensation
761663 USD
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
158356 shares
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
7.62
CY2014 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
17899632 shares
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
495480 USD
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
212444 USD
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
6.46
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0 shares
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0 shares
CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
132348 USD
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
360 USD
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
2320 USD
CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
666871 shares
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
356496 shares
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
158356 shares
CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
5.93
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
6.96
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
7.62
CY2013 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
3.50
CY2014 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0.00
CY2013 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
0.00
CY2014 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
0.00
CY2014Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
2320 USD
CY2014 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P5M
CY2012 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P1Y4M25D
CY2013 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P1Y
CY2014 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P5M
CY2012 us-gaap Shipping Handling And Transportation Costs
ShippingHandlingAndTransportationCosts
900000 USD
CY2013 us-gaap Shipping Handling And Transportation Costs
ShippingHandlingAndTransportationCosts
900000 USD
CY2014 us-gaap Shipping Handling And Transportation Costs
ShippingHandlingAndTransportationCosts
1000000 USD
CY2013 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
171100 shares
CY2014 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
0 shares
CY2012 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
632818 USD
CY2013 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
670934 USD
CY2014 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
760894 USD
CY2012 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
4378788 USD
CY2013 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
6748 USD
CY2014 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
1653028 USD
CY2012 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
8086594 USD
CY2013 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
4800908 USD
CY2014 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
4315444 USD
CY2013Q4 us-gaap Stockholders Equity
StockholdersEquity
79468481 USD
CY2014Q4 us-gaap Stockholders Equity
StockholdersEquity
80760673 USD
CY2011Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
82835269 USD
CY2012 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
19564625 shares
CY2013 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
18332997 shares
CY2012Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
85566487 USD
CY2013Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
79291843 USD
CY2014Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
80752791 USD
CY2013Q4 us-gaap Trading Securities
TradingSecurities
14019761 USD
CY2014 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
17617765 shares
CY2014Q4 us-gaap Trading Securities
TradingSecurities
14841418 USD
CY2014 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-left:4px;padding-top:10px;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Use of Estimates</font></div><div style="line-height:120%;padding-top:10px;text-align:justify;padding-left:24px;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of the consolidated financial statements in conformity with U.S. generally accepted accounting principles requires management of the Company to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the period. Actual results could differ from those estimates under different assumptions and conditions.</font></div></div>

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0001628280-15-001629.txt Edgar Link pending
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a2014-10k.htm Edgar Link pending
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