2013 Q2 Form 10-Q Financial Statement
#000119312513327122 Filed on August 08, 2013
Income Statement
| Concept | 2013 Q2 | 2012 Q2 |
|---|---|---|
| Revenue | $273.0M | $159.2M |
| YoY Change | 71.43% | -6.22% |
| Cost Of Revenue | $153.1M | $118.2M |
| YoY Change | 29.5% | 3.52% |
| Gross Profit | $61.29M | $41.03M |
| YoY Change | 49.39% | -26.23% |
| Gross Profit Margin | 22.45% | 25.77% |
| Selling, General & Admin | $35.08M | $24.76M |
| YoY Change | 41.68% | 9.68% |
| % of Gross Profit | 57.23% | 60.35% |
| Research & Development | $12.15M | $8.218M |
| YoY Change | 47.79% | 25.79% |
| % of Gross Profit | 19.81% | 20.03% |
| Depreciation & Amortization | $2.300M | |
| YoY Change | ||
| % of Gross Profit | 3.75% | |
| Operating Expenses | $51.06M | $32.72M |
| YoY Change | 56.02% | 8.14% |
| Operating Profit | $10.24M | $8.304M |
| YoY Change | 23.29% | -67.25% |
| Interest Expense | -$1.200M | -$100.0K |
| YoY Change | 1100.0% | -96.43% |
| % of Operating Profit | -11.72% | -1.2% |
| Other Income/Expense, Net | $277.0K | $251.0K |
| YoY Change | 10.36% | -113.12% |
| Pretax Income | $10.52M | $8.555M |
| YoY Change | 22.91% | -63.5% |
| Income Tax | $1.475M | $856.0K |
| % Of Pretax Income | 14.03% | 10.01% |
| Net Earnings | $8.635M | $6.653M |
| YoY Change | 29.79% | -63.0% |
| Net Earnings / Revenue | 3.16% | 4.18% |
| Basic Earnings Per Share | $0.19 | $0.15 |
| Diluted Earnings Per Share | $0.18 | $0.14 |
| COMMON SHARES | ||
| Basic Shares Outstanding | 46.15M | 45.64M shares |
| Diluted Shares Outstanding | 47.51M | 46.86M shares |
Balance Sheet
| Concept | 2013 Q2 | 2012 Q2 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $213.5M | $168.3M |
| YoY Change | 26.86% | -42.05% |
| Cash & Equivalents | $213.5M | $168.3M |
| Short-Term Investments | ||
| Other Short-Term Assets | $60.70M | $30.50M |
| YoY Change | 99.02% | 19.61% |
| Inventory | $186.8M | $137.7M |
| Prepaid Expenses | $24.47M | |
| Receivables | $181.9M | $150.0M |
| Other Receivables | $0.00 | $0.00 |
| Total Short-Term Assets | $642.9M | $486.5M |
| YoY Change | 32.15% | -17.38% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $331.3M | $226.9M |
| YoY Change | 45.98% | -1.24% |
| Goodwill | $68.45M | |
| YoY Change | -2.5% | |
| Intangibles | $22.19M | |
| YoY Change | -18.06% | |
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | $54.80M | $28.86M |
| YoY Change | 89.88% | 413.18% |
| Total Long-Term Assets | $528.7M | $373.3M |
| YoY Change | 41.62% | 11.69% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $642.9M | $486.5M |
| Total Long-Term Assets | $528.7M | $373.3M |
| Total Assets | $1.172B | $859.8M |
| YoY Change | 36.26% | -6.85% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $107.0M | $77.31M |
| YoY Change | 38.4% | -5.8% |
| Accrued Expenses | $63.10M | $35.66M |
| YoY Change | 76.94% | -15.49% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $4.500M | $1.000M |
| YoY Change | 350.0% | -90.0% |
| Long-Term Debt Due | ||
| YoY Change | ||
| Total Short-Term Liabilities | $176.1M | $114.0M |
| YoY Change | 54.5% | -58.29% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $209.3M | $43.60M |
| YoY Change | 380.05% | 868.89% |
| Other Long-Term Liabilities | $58.20M | $35.46M |
| YoY Change | 64.14% | 11.16% |
| Total Long-Term Liabilities | $267.5M | $35.46M |
| YoY Change | 654.41% | 11.16% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $176.1M | $114.0M |
| Total Long-Term Liabilities | $267.5M | $35.46M |
| Total Liabilities | $487.0M | $193.0M |
| YoY Change | 152.27% | -37.65% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | ||
| YoY Change | ||
| Common Stock | $302.2M | |
| YoY Change | 11.39% | |
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | $684.6M | $650.0M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $1.172B | $859.8M |
| YoY Change | 36.27% | -6.85% |
Cashflow Statement
| Concept | 2013 Q2 | 2012 Q2 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | $8.635M | $6.653M |
| YoY Change | 29.79% | -63.0% |
| Depreciation, Depletion And Amortization | $2.300M | |
| YoY Change | ||
| Cash From Operating Activities | $29.90M | $16.90M |
| YoY Change | 76.92% | -47.84% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | -$7.800M | -$12.30M |
| YoY Change | -36.59% | -62.27% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | -$3.900M | -$3.800M |
| YoY Change | 2.63% | -642.86% |
| Cash From Investing Activities | -$11.70M | -$16.00M |
| YoY Change | -26.88% | -49.69% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | -2.100M | -8.900M |
| YoY Change | -76.4% | -182.41% |
| NET CHANGE | ||
| Cash From Operating Activities | 29.90M | 16.90M |
| Cash From Investing Activities | -11.70M | -16.00M |
| Cash From Financing Activities | -2.100M | -8.900M |
| Net Change In Cash | 16.10M | -8.000M |
| YoY Change | -301.25% | -170.18% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | $29.90M | $16.90M |
| Capital Expenditures | -$7.800M | -$12.30M |
| Free Cash Flow | $37.70M | $29.20M |
| YoY Change | 29.11% | -55.08% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| us-gaap |
Business Acquisition Period Results Included In Combined Entity1
BusinessAcquisitionPeriodResultsIncludedInCombinedEntity1
|
P122D | ||
| us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
|
20.46 | ||
| us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
|
20.68 | ||
| us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
46085000 | shares | |
| us-gaap |
Sales Revenue Net
SalesRevenueNet
|
391343000 | USD | |
| us-gaap |
Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
|
229168000 | USD | |
| us-gaap |
Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
|
283867000 | USD | |
| us-gaap |
Gross Profit
GrossProfit
|
107476000 | USD | |
| us-gaap |
Gross Profit
GrossProfit
|
74734000 | USD | |
| us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
46906000 | USD | |
| us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
65456000 | USD | |
| us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
22225000 | USD | |
| us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
15382000 | USD | |
| us-gaap |
Other Cost And Expense Operating
OtherCostAndExpenseOperating
|
-1358000 | USD | |
| us-gaap |
Other Cost And Expense Operating
OtherCostAndExpenseOperating
|
5781000 | USD | |
| us-gaap |
Operating Expenses
OperatingExpenses
|
93462000 | USD | |
| us-gaap |
Operating Expenses
OperatingExpenses
|
60930000 | USD | |
| us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
13804000 | USD | |
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Operating Income Loss
OperatingIncomeLoss
|
14014000 | USD | |
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Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
798000 | USD | |
| us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
938000 | USD | |
| us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
14742000 | USD | |
| us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
14812000 | USD | |
| us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
8049000 | USD | |
| us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
1474000 | USD | |
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Profit Loss
ProfitLoss
|
13268000 | USD | |
| us-gaap |
Profit Loss
ProfitLoss
|
6763000 | USD | |
| us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
54000 | USD | |
| us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
1744000 | USD | |
| us-gaap |
Net Income Loss
NetIncomeLoss
|
11524000 | USD | |
| us-gaap |
Net Income Loss
NetIncomeLoss
|
6709000 | USD | |
| us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.15 | ||
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Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.14 | ||
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Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.25 | ||
| us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.25 | ||
| us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
45551000 | shares | |
| us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
46916000 | shares | |
| CY2012Q2 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
2121000 | USD |
| us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
47383000 | shares | |
| CY2012Q2 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
3167000 | USD |
| CY2012Q2 | us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
1046000 | USD |
| CY2013Q2 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
10840000 | USD |
| CY2013Q2 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
10435000 | USD |
| CY2013Q2 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-859000 | USD |
| CY2012Q2 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-3594000 | USD |
| CY2012Q2 | us-gaap |
Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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|
938000 | USD |
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Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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-2659000 | USD |
| us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-8395000 | USD | |
| us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
404000 | USD | |
| us-gaap |
Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
|
3963000 | USD | |
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Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
|
-1181000 | USD | |
| us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
-451000 | USD | |
| us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
9709000 | USD | |
| us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
1744000 | USD | |
| us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
54000 | USD | |
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Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-505000 | USD | |
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Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
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Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
-6759000 | USD | |
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Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
-330000 | USD | |
| CY2011Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
129510000 | USD |
| CY2012Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
168293000 | USD |
| us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
61173000 | USD | |
| us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
23751000 | USD | |
| us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-144957000 | USD | |
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Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
|
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Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
1366000 | USD | |
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Repayments Of Other Long Term Debt
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|
15536000 | USD | |
| us-gaap |
Net Cash Provided By Used In Financing Activities
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|
143240000 | USD | |
| us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
30271000 | USD | |
| us-gaap |
Payments To Acquire Property Plant And Equipment
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|
24237000 | USD | |
| us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-25705000 | USD | |
| us-gaap |
Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
|
997000 | USD | |
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Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
1236000 | USD | |
| us-gaap |
Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
|
30162000 | USD | |
| us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
33911000 | USD | |
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Effect Of Exchange Rate On Cash And Cash Equivalents
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|
-3031000 | USD | |
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Effect Of Exchange Rate On Cash And Cash Equivalents
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|
306000 | USD | |
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Cash And Cash Equivalents Period Increase Decrease
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|
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Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
38783000 | USD | |
| us-gaap |
Proceeds From Sale Of Property Plant And Equipment
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|
51000 | USD | |
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Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
1966000 | USD | |
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Payments For Proceeds From Other Investing Activities
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|
3799000 | USD | |
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Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
5556000 | USD | |
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Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
|
-2844000 | USD | |
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Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
|
-160000 | USD | |
| us-gaap |
Proceeds From Sale Of Intangible Assets
ProceedsFromSaleOfIntangibleAssets
|
0 | USD | |
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Proceeds From Sale Of Intangible Assets
ProceedsFromSaleOfIntangibleAssets
|
2122000 | USD | |
| us-gaap |
Proceeds From Bank Debt
ProceedsFromBankDebt
|
70000000 | USD | |
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Proceeds From Bank Debt
ProceedsFromBankDebt
|
181002000 | USD | |
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Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
|
7458000 | USD | |
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Proceeds From Sale And Maturity Of Marketable Securities
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|
0 | USD | |
| us-gaap |
Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
|
25711000 | USD | |
| us-gaap |
Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
|
8000000 | USD | |
| us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
124916000 | USD | |
| us-gaap |
Noncash Or Part Noncash Acquisition Value Of Assets Acquired1
NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1
|
247012000 | USD | |
| us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
0 | USD | |
| us-gaap |
Noncash Or Part Noncash Acquisition Value Of Liabilities Assumed1
NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1
|
92277000 | USD | |
| us-gaap |
Cash Acquired From Acquisition
CashAcquiredFromAcquisition
|
-29819000 | USD | |
| us-gaap |
Noncash Or Part Noncash Acquisition Net Nonmonetary Assets Acquired Liabilities Assumed1
NoncashOrPartNoncashAcquisitionNetNonmonetaryAssetsAcquiredLiabilitiesAssumed1
|
124916000 | USD | |
| us-gaap |
Description Of New Accounting Pronouncements Not Yet Adopted
DescriptionOfNewAccountingPronouncementsNotYetAdopted
|
<p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0px;">Recently Issued Accounting Pronouncements</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:36px;">In March 2013, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No.  </font><font style="font-family:Times New Roman;font-size:10pt;">2013-05</font><font style="font-family:Times New Roman;font-size:10pt;">, </font><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;">Foreign Currency Matters </font><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;">(Topic 830): Parent</font><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;">'</font><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;">s Accounting for the Cumulative Translation Adjustment upon </font><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;">Derecognition</font><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;"> of Certain Subsidiaries or Groups of Assets within a Foreign Entity or of an Investment in a Foreign Entity</font><font style="font-family:Times New Roman;font-size:10pt;">. ASU No. 2013-05 provides additional guidance with respect to the reclassification into income of the cumulative translation adjustment (CTA) recorded in accumulated other comprehensive income associated with a foreign entity of a parent company. This ASU differentiates between transactions occurring </font><font style="font-family:Times New Roman;font-size:10pt;">within</font><font style="font-family:Times New Roman;font-size:10pt;"> a foreign entity and transactions affecting an </font><font style="font-family:Times New Roman;font-size:10pt;">investment in</font><font style="font-family:Times New Roman;font-size:10pt;"> a foreign entity. For transactions </font><font style="font-family:Times New Roman;font-size:10pt;">within</font><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;"> </font><font style="font-family:Times New Roman;font-size:10pt;">a foreign entity, the full CTA associated with the foreign entity would be reclassified into income only when the sale of a subsidiary or group of net assets </font><font style="font-family:Times New Roman;font-size:10pt;">within</font><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;"> </font><font style="font-family:Times New Roman;font-size:10pt;">the foreign entity represents the substantially complete liquidation of that foreign entity. For transactions affecting an </font><font style="font-family:Times New Roman;font-size:10pt;">investment in</font><font style="font-family:Times New Roman;font-size:10pt;"> a foreign entity (for example, control or ownership of shares in a foreign entity), the full CTA associated with the foreign entity would be reclassified into income only if the parent no longer has a controlling interest in that foreign entity as a result of the transaction. In addition, acquisitions of a foreign entity completed in stages </font><font style="font-family:Times New Roman;font-size:10pt;">(also known as step acquisitions) </font><font style="font-family:Times New Roman;font-size:10pt;">could trigger the release of CTA associated with an equity method investment in that entity at the point a controlling interest in the foreign entity is obtained. This ASU is effective prospectively beginning January 1, 2014, with early adoption permitted. This ASU could impact the Company's consolidated financial results in the </font><font style="font-family:Times New Roman;font-size:10pt;">event</font><font style="font-family:Times New Roman;font-size:10pt;"> of a transaction as described above.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:5pt; margin-bottom:5pt'> </p> | ||
| us-gaap |
Earnings Per Share Reconciliation Disclosure
EarningsPerShareReconciliationDisclosure
|
Basic earnings per share is calculated by dividing net earnings by the weighted-average number of shares of Common Stock outstanding during the period. Diluted earnings per share is calculated similarly but includes potential dilution from the exercise of stock options and stock awards, except when the effect would be anti-dilutive. | ||
| CY2012Q2 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
1217000 | shares |
| CY2013Q2 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
1359000 | shares |
| us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
1365000 | shares | |
| us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
1298000 | shares | |
| us-gaap |
Business Acquisition Name Of Acquired Entity
BusinessAcquisitionNameOfAcquiredEntity
|
BCD Semiconductor Manufacturing Limited (“BCD”) | ||
| us-gaap |
Business Acquisition Cost Of Acquired Entity Description Of Purchase Price Components
BusinessAcquisitionCostOfAcquiredEntityDescriptionOfPurchasePriceComponents
|
the Company completed the acquisition of all the outstanding ordinary shares, par value $0.001 per share, of BCD (the “Shares”), including Shares represented by American Depository Shares (“ADSs”), which were cancelled in exchange for the right to receive $1.33-1/3 in cash per Share, without interest. Each ADS represented six Shares and was converted into the right to receive $8.00 in cash, without interest. The aggregate consideration was approximately $155 million, excluding acquisition costs, fees and expenses. In addition, a $5 million retention plan for employees of BCD, payable at the 12, 18 and 24 month anniversaries of the acquisition, has been established. | ||
| CY2013Q2 | us-gaap |
Retention Payable
RetentionPayable
|
5000000 | USD |
| CY2013Q2 | us-gaap |
Business Acquisition Cost Of Acquired Entity Cash Paid
BusinessAcquisitionCostOfAcquiredEntityCashPaid
|
154735000 | USD |
| CY2013Q2 | us-gaap |
Business Acquisition Cost Of Acquired Entity Transaction Costs
BusinessAcquisitionCostOfAcquiredEntityTransactionCosts
|
2075000 | USD |
| CY2013Q2 | us-gaap |
Business Acquisition Cost Of Acquired Entity Purchase Price
BusinessAcquisitionCostOfAcquiredEntityPurchasePrice
|
156810000 | USD |
| us-gaap |
Business Combination Reason For Business Combination
BusinessCombinationReasonForBusinessCombination
|
The Company’s purpose in making this acquisition is to further its strategy of expanding its market and growth opportunities through select strategic acquisitions. This acquisition is expected to enhance the Company’s analog product portfolio by expanding its standard linear and power management offerings, including AC/DC and DC/DC solutions for power adapters and chargers, as well as other electronic products. BCD’s established presence in Asia, with a particularly strong local market position in China, offers the Company even greater penetration of the consumer, computing and communications markets. Likewise, the Company believes it can achieve increased market penetration for BCD’s products by leveraging the Company’s own global customer base and sales channels. In addition, BCD has in-house manufacturing capabilities in China, as well as a cost-effective development team that can be deployed across multiple product families. The Company also believes it will be able to apply its packaging capabilities and expertise to BCD’s products in order to improve cost efficiencies, utilization and product mix. | ||
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Business Acquisition Purchase Price Allocation Status
BusinessAcquisitionPurchasePriceAllocationStatus
|
A final determination of the allocation of the purchase price to the assets acquired and liabilities assumed has not been completed and the following table is considered preliminary. The final determination is subject to the completion of the valuation of the assets acquired and liabilities assumed, which is expected during the third quarter of 2013. | ||
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Business Acquisition Purchase Price Allocation Methodology
BusinessAcquisitionPurchasePriceAllocationMethodology
|
The fair value of the significant identified intangible assets was estimated by using the market approach, income approach and cost approach valuation methodologies. Inputs used in the methodologies primarily included projected future cash flows, discounted at a rate commensurate with the risk involved. | ||
| CY2013Q2 | us-gaap |
Acquired Finite Lived Intangible Asset Amount
AcquiredFiniteLivedIntangibleAssetAmount
|
17000000 | USD |
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Business Acquisition Purchase Price Allocation Goodwill Expected Tax Deductible Amount Description
BusinessAcquisitionPurchasePriceAllocationGoodwillExpectedTaxDeductibleAmountDescription
|
In addition, it is not anticipated that goodwill will be deductible for income tax purposes. | ||
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Business Acquisition Pro Forma Information Description
BusinessAcquisitionProFormaInformationDescription
|
The following unaudited pro forma consolidated results of operations for the quarters ended June 30, 2013 and 2012 have been prepared as if the acquisition of BCD had occurred at January 1, 2012, for each year The unaudited pro forma consolidated results of operations do not purport to be indicative of the results that would have been obtained if the above acquisition had actually occurred as of the dates indicated or of those results that may be obtained in the future. The unaudited pro forma consolidated results of operations do not include the final adjustments to net income to give the final effects to depreciation of property, plant and equipment acquired and amortization of intangible assets acquired as the Company currently is working to complete its valuation of the assets and liabilities acquired and is unable to determine those final effects. Upon completion of the valuation, the Company intends to make adjustments for these items in future pro forma disclosures for BCD. These unaudited pro forma consolidated results of operations were derived, in part, from the historical consolidated financial statements of BCD and other available information and assumptions believed to be reasonable under the circumstances. | ||
| diod |
Acquired Inventory Reasonable Profit Allowance
AcquiredInventoryReasonableProfitAllowance
|
The Company evaluated and adjusted the acquired inventory for a reasonable profit allowance, which is intended to permit the Company to report only the profits normally associated with its activities following the acquisition as it relates to the work-in-progress and finished goods inventory. As such, the Company increased the inventory acquired from BCD by approximately $5 million, and recorded that increase into cost of goods sold, of which approximately $2 million was recorded in the first quarter of 2013 and $3 million was recorded in the second quarter of 2013 as the acquired work-in-process and finished goods inventory was sold. | ||
| CY2013Q2 | diod |
Acquired Inventory Adjustments
AcquiredInventoryAdjustments
|
5000000 | USD |
| CY2013Q1 | diod |
Acquired Inventory Expenses To Cost Of Goods Sold
AcquiredInventoryExpensesToCostOfGoodsSold
|
2000000 | USD |
| CY2013Q2 | diod |
Acquired Inventory Expenses To Cost Of Goods Sold
AcquiredInventoryExpensesToCostOfGoodsSold
|
3000000 | USD |
| us-gaap |
Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
|
412514000 | USD | |
| us-gaap |
Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
|
371767000 | USD | |
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Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
|
4946000 | USD | |
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Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
|
7646000 | USD | |
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Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
|
0.17 | ||
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Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
|
0.16 | ||
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Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
|
0.11 | ||
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Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
|
0.11 | ||
| CY2012Q2 | us-gaap |
Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
|
196076000 | USD |
| CY2012Q2 | us-gaap |
Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
|
2752000 | USD |
| CY2012Q2 | us-gaap |
Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
|
0.06 | |
| CY2012Q2 | us-gaap |
Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
|
0.06 | |
| us-gaap |
Business Acquisition Effective Date Of Acquisition1
BusinessAcquisitionEffectiveDateOfAcquisition1
|
2013-03-05 | ||
| CY2013Q2 | us-gaap |
Acquired Finite Lived Intangible Asset Residual Value
AcquiredFiniteLivedIntangibleAssetResidualValue
|
0 | USD |
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Acquired Finite Lived Intangible Assets Weighted Average Useful Life
AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife
|
P6Y | ||
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Business Combination Pro Forma Information Revenue Of Acquiree Since Acquisition Date Actual
BusinessCombinationProFormaInformationRevenueOfAcquireeSinceAcquisitionDateActual
|
60000000 | USD | |
| us-gaap |
Business Combination Pro Forma Information Earnings Or Loss Of Acquiree Since Acquisition Date Actual
BusinessCombinationProFormaInformationEarningsOrLossOfAcquireeSinceAcquisitionDateActual
|
-1000000 | USD | |
| us-gaap |
Restricted Cash And Cash Equivalent Item Description
RestrictedCashAndCashEquivalentItemDescription
|
pledged as collateral for issuance of bank acceptance notes, letters of credit and forward contracts | ||
| CY2013Q2 | us-gaap |
Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
|
9000000 | USD |
| us-gaap |
Types Of Foreign Currency Derivatives Used
TypesOfForeignCurrencyDerivativesUsed
|
As a multinational company, the Company denominates sales transactions in a variety of currencies. In connection with the acquisition of BCD, the Company adopted forward exchange contracts, designated as foreign currency cash flow hedges, to reduce the potentially adverse effects of foreign currency exchange rate fluctuations. | ||
| us-gaap |
Description Of Foreign Currency Derivative Activities
DescriptionOfForeignCurrencyDerivativeActivities
|
The Company uses these forward exchange contracts to hedge, thereby attempting to reduce the Company’s overall exposure to the effects of currency fluctuations on cash flows. The Company does not permit speculation in financial instruments for profit on the exchange rate price fluctuation, trading in currencies for which there are no underlying exposures, or entering into trades for any currency to intentionally increase the underlying exposure. | ||
| CY2013Q2 | invest |
Derivative Notional Amount
DerivativeNotionalAmount
|
61000000 | USD |
| CY2013Q2 | diod |
Derivative Notional Outstanding Amount
DerivativeNotionalOutstandingAmount
|
39000000 | USD |
| us-gaap |
Discussion Of Method Of Measuring Fair Value Of Foreign Currency Derivatives
DiscussionOfMethodOfMeasuringFairValueOfForeignCurrencyDerivatives
|
The fair value of the outstanding derivative instruments contracts, classified within Level 2 of the fair value hierarchy | ||
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Description Of Location Of Foreign Currency Derivatives On Balance Sheet
DescriptionOfLocationOfForeignCurrencyDerivativesOnBalanceSheet
|
recognized under other current assets in the condensed consolidated balance sheets | ||
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Description Of Location Of Gain Loss On Foreign Currency Derivative In Financial Statements
DescriptionOfLocationOfGainLossOnForeignCurrencyDerivativeInFinancialStatements
|
recognized under other income | ||
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Maximum Remaining Maturity Of Foreign Currency Derivatives1
MaximumRemainingMaturityOfForeignCurrencyDerivatives1
|
P184D | ||
| CY2013Q2 | us-gaap |
Derivative Assets Liabilities At Fair Value Net
DerivativeAssetsLiabilitiesAtFairValueNet
|
2000000 | USD |
| us-gaap |
Gain Loss On Foreign Currency Derivatives Recorded In Earnings Net
GainLossOnForeignCurrencyDerivativesRecordedInEarningsNet
|
0 | USD | |
| CY2013Q2 | us-gaap |
Inventory Raw Materials
InventoryRawMaterials
|
69768000 | USD |
| CY2013Q2 | us-gaap |
Inventory Work In Process
InventoryWorkInProcess
|
44730000 | USD |
| CY2013Q2 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
72288000 | USD |
| CY2012Q4 | us-gaap |
Inventory Raw Materials
InventoryRawMaterials
|
63410000 | USD |
| CY2012Q4 | us-gaap |
Inventory Work In Process
InventoryWorkInProcess
|
30564000 | USD |
| CY2012Q4 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
59319000 | USD |
| us-gaap |
Goodwill Translation Adjustments
GoodwillTranslationAdjustments
|
-3318000 | USD | |
| CY2012Q4 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
69707000 | USD |
| CY2012Q4 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
24161000 | USD |
| CY2012Q4 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
38495000 | USD |
| us-gaap |
Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
|
2192000 | USD | |
| CY2013Q2 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
86909000 | USD |
| CY2013Q2 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
28369000 | USD |
| CY2013Q2 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
50651000 | USD |
| CY2013Q2 | us-gaap |
Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
|
5668000 | USD |
| CY2012Q4 | us-gaap |
Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
|
5842000 | USD |
| CY2013Q2 | us-gaap |
Other Indefinite Lived Intangible Assets
OtherIndefiniteLivedIntangibleAssets
|
6403000 | USD |
| CY2012Q4 | us-gaap |
Other Indefinite Lived Intangible Assets
OtherIndefiniteLivedIntangibleAssets
|
6403000 | USD |
| CY2012Q4 | diod |
Finite Lived Intangible Assets Currency Adjustments
FiniteLivedIntangibleAssetsCurrencyAdjustments
|
-7051000 | USD |
| CY2013Q2 | diod |
Finite Lived Intangible Assets Currency Adjustments
FiniteLivedIntangibleAssetsCurrencyAdjustments
|
-7889000 | USD |
| CY2013Q2 | diod |
Indefinite Lived Intangible Assets Currency Adjustments
IndefiniteLivedIntangibleAssetsCurrencyAdjustments
|
-735000 | USD |
| CY2012Q4 | diod |
Indefinite Lived Intangible Assets Currency Adjustments
IndefiniteLivedIntangibleAssetsCurrencyAdjustments
|
-561000 | USD |
| CY2012Q2 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
1000000 | USD |
| CY2013Q2 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
2000000 | USD |
| us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
4000000 | USD | |
| us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
2000000 | USD | |
| us-gaap |
Line Of Credit Facility Description
LineOfCreditFacilityDescription
|
On January 8, 2013, the Company and Diodes International B.V. (the “Foreign Borrower” and collectively with the Company, the “Borrowers”) and certain subsidiaries of the Company as guarantors, entered into a Credit Agreement (the “Credit Agreement”) with Bank of America and other participating lenders (collectively, the “Lenders”). | ||
| CY2013Q2 | us-gaap |
Line Of Credit Facility Current Borrowing Capacity
LineOfCreditFacilityCurrentBorrowingCapacity
|
205000000 | USD |
| us-gaap |
Line Of Credit Facility Initiation Date1
LineOfCreditFacilityInitiationDate1
|
2013-01-08 | ||
| us-gaap |
Line Of Credit Facility Expiration Date1
LineOfCreditFacilityExpirationDate1
|
2018-01-08 | ||
| us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.54 | pure | |
| us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.10 | pure | |
| us-gaap |
Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
|
28000000 | USD | |
| us-gaap |
Income Tax Holiday Aggregate Dollar Amount
IncomeTaxHolidayAggregateDollarAmount
|
2000000 | USD | |
| us-gaap |
Income Tax Holiday Aggregate Dollar Amount
IncomeTaxHolidayAggregateDollarAmount
|
4000000 | USD | |
| diod |
Income Tax Holiday Income Tax Benefits Per Share Basic
IncomeTaxHolidayIncomeTaxBenefitsPerShareBasic
|
0.04 | ||
| diod |
Income Tax Holiday Income Tax Benefits Per Share Diluted
IncomeTaxHolidayIncomeTaxBenefitsPerShareDiluted
|
0.04 | ||
| diod |
Income Tax Holiday Income Tax Benefits Per Share Basic
IncomeTaxHolidayIncomeTaxBenefitsPerShareBasic
|
0.08 | ||
| diod |
Income Tax Holiday Income Tax Benefits Per Share Diluted
IncomeTaxHolidayIncomeTaxBenefitsPerShareDiluted
|
0.08 | ||
| CY2013Q2 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
28000000 | USD |
| us-gaap |
Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
|
-13000000 | USD | |
| CY2012 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.16 | pure |
| diod |
Estimated Annual Income Tax Rate Continuing Operations
EstimatedAnnualIncomeTaxRateContinuingOperations
|
0.20 | pure | |
| us-gaap |
Income Tax Examination Penalties From Examination
IncomeTaxExaminationPenaltiesFromExamination
|
5000000 | USD | |
| us-gaap |
Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
|
-14000000 | USD | |
| us-gaap |
Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
|
29000000 | USD | |
| CY2012Q2 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
3539000 | USD |
| CY2013Q2 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
3304000 | USD |
| us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
7084000 | USD | |
| us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
6560000 | USD | |
| CY2012Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
3713000 | shares |
| us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
186000 | shares | |
| us-gaap |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
-192000 | shares | |
| us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
|
-417000 | shares | |
| CY2013Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
3290000 | shares |
| CY2013Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
|
2640000 | shares |
| CY2012Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
17.85 | |
| us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
|
20.34 | ||
| CY2013Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
18.45 | |
| CY2013Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
|
17.45 | |
| CY2012Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
|
9744000 | USD |
| us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
|
3072000 | USD | |
| CY2013Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
|
26149000 | USD |
| CY2013Q2 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
|
23467000 | USD |
| us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
|
23.35 | ||
| us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
|
7.34 | ||
| CY2012 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
|
P5Y | |
| us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
|
P5Y | ||
| us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
|
P4Y | ||
| CY2012Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
|
1164000 | shares |
| us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
|
224000 | shares | |
| CY2013Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
|
1233000 | shares |
| CY2012Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
|
20.42 | |
| us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
|
23.10 | ||
| us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
|
-129000 | shares | |
| us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
|
-26000 | shares | |
| CY2013Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
|
20.94 | |
| CY2012Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedIntrinsicValue
|
||
| us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodIntrinsicValue
|
2636000 | ||
| CY2013Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedIntrinsicValue
|
25809000 | |
| us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
1000000 | USD | |
| us-gaap |
Stock Option Plan Expense
StockOptionPlanExpense
|
2000000 | USD | |
| us-gaap |
Stock Option Plan Expense
StockOptionPlanExpense
|
2000000 | USD | |
| us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
|
3000000 | USD | |
| us-gaap |
Restricted Stock Expense
RestrictedStockExpense
|
5000000 | USD | |
| us-gaap |
Restricted Stock Expense
RestrictedStockExpense
|
5000000 | USD | |
| CY2013Q2 | us-gaap |
Stock Option Plan Expense
StockOptionPlanExpense
|
1000000 | USD |
| CY2012Q2 | us-gaap |
Stock Option Plan Expense
StockOptionPlanExpense
|
1000000 | USD |
| CY2012Q2 | us-gaap |
Restricted Stock Expense
RestrictedStockExpense
|
2000000 | USD |
| CY2013Q2 | us-gaap |
Restricted Stock Expense
RestrictedStockExpense
|
2000000 | USD |
| us-gaap |
Factors Used To Identify Entitys Reportable Segments
FactorsUsedToIdentifyEntitysReportableSegments
|
For financial reporting purposes, the Company operates in a single segment, standard semiconductor products, through the Company’s various manufacturing and distribution facilities. The Company aggregates its products because the products are similar and have similar economic characteristics, and the products are similar in production process and share the same customer type. | ||
| CY2013Q2 | us-gaap |
Segment Reporting Information Revenue
SegmentReportingInformationRevenue
|
272981000 | USD |
| CY2013Q2 | diod |
Revenues From Transactions Within Same Entity
RevenuesFromTransactionsWithinSameEntity
|
-58602000 | USD |
| CY2012Q2 | us-gaap |
Segment Reporting Information Revenue
SegmentReportingInformationRevenue
|
225275000 | USD |
| CY2012Q2 | diod |
Revenues From Transactions Within Same Entity
RevenuesFromTransactionsWithinSameEntity
|
-66036000 | USD |
| us-gaap |
Segment Reporting Information Revenue
SegmentReportingInformationRevenue
|
502226000 | USD | |
| us-gaap |
Segment Reporting Information Revenue
SegmentReportingInformationRevenue
|
423323000 | USD | |
| diod |
Revenues From Transactions Within Same Entity
RevenuesFromTransactionsWithinSameEntity
|
-119421000 | USD | |
| diod |
Revenues From Transactions Within Same Entity
RevenuesFromTransactionsWithinSameEntity
|
-110883000 | USD | |
| CY2012Q2 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
226943000 | USD |
| CY2012Q2 | us-gaap |
Assets
Assets
|
859793000 | USD |
| CY2013Q2 | diod |
Sales Revenue Net Percentage
SalesRevenueNetPercentage
|
1.00 | pure |
| CY2012Q2 | diod |
Sales Revenue Net Percentage
SalesRevenueNetPercentage
|
1.00 | pure |
| diod |
Sales Revenue Net Percentage
SalesRevenueNetPercentage
|
1.00 | pure | |
| diod |
Sales Revenue Net Percentage
SalesRevenueNetPercentage
|
1.00 | pure | |
| us-gaap |
Long Term Purchase Commitment Description
LongTermPurchaseCommitmentDescription
|
During 2010, the Company entered into an investment agreement with the Management Committee of the Chengdu Hi-Tech Industrial Development Zone (the “CDHT”). Under this agreement, the Company agreed to form a joint venture with a Chinese partner, Chengdu Ya Guang Electronic Company Limited, to establish a semiconductor manufacturing facility for surface-mounted component production, assembly and test in Chengdu, China. This is a long-term, multi-year project that will provide additional capacity for the Company as needed. | ||
| us-gaap |
Long Term Purchase Commitment Time Period
LongTermPurchaseCommitmentTimePeriod
|
In order to qualify for certain financial incentives, the Company is obligated to contribute approximately $48 million to the joint venture by December 31, 2013. | ||
| us-gaap |
Description Of Material Contingencies Of Parent Company
DescriptionOfMaterialContingenciesOfParentCompany
|
Contingencies - From time to time, the Company may be involved in a variety of legal matters that arise in the normal course of business. Based on information available, the Company evaluates the likelihood of potential outcomes. The Company records the appropriate liability when the amount is deemed probable and reasonably estimable. In addition, the Company does not accrue for estimated legal fees and other directly related costs as they are expensed as incurred. The Company is currently a party to a purported stockholder derivative action in the United States District Court for the District of Delaware, entitled Scherer v. Keh-Shew Lu, Civil Action No. 1:13-cv-00358-UNA (D. Del. filed Mar. 5, 2013), on behalf of the Company against its directors, in which plaintiff alleges that (a) the Board approved awards of stock options to Dr. Keh-Shew Lu, our President and Chief Executive Officer, in 2009, 2010, 2011 and 2012 that exceeded the limitation on the number of shares of the Company’s Common Stock that may be purchased upon the exercise of options granted to any person in any given year under the Company’s 2001 Omnibus Equity Incentive Plan as amended by the stockholders on May 28, 2009; (b) the Company’s disclosures in its 2010, 2011 and 2012 proxy statements regarding the limitation on the number of shares of the Company’s Common Stock that may be purchased upon the exercise of options granted to any person in any given year under the Company’s 2001 Omnibus Equity Incentive Plan as amended by the stockholders on May 28, 2009 were inaccurate; and (c) the Company’s disclosures in its 2010, 2011 and 2012 proxy statements that the grants of stock options to Dr. Lu in 2009, 2010, 2011 and 2012 complied with the terms of the Company’s 2001 Omnibus Equity Incentive Plan as amended by the stockholders on May 28, 2009 were incorrect. The Compensation Committee reviewed the grants of stock options to Dr. Lu in 2009, 2010, 2011 and 2012 (each such annual grant, an “Option Grant”), and approved a Confirmation Agreement, dated April 1, 2013, in which the Company and Dr. Lu agree and confirm that Dr. Lu will assert no claim that any Option Grant in 2009, 2010, 2011 or 2012 provided for the purchase of more than 100,000 shares of the Company’s Common Stock, and that each Option Grant document be deemed amended to reflect the foregoing 100,000 share limitation. On April 3, 2013, defendants and the Company filed answers to the complaint. On May 8, 2013, defendants filed a motion for judgment on the pleadings dismissing the action on the ground that the claims are moot. On June 24, 2013, the Court approved the parties’ stipulation providing for the withdrawal of the motion for judgment on the pleadings and the dismissal of the action as moot upon the filing and adjudication of plaintiff’s motion for an award of attorney’s fees and costs. On July 29, 2013, plaintiff filed a motion for an award of attorneys’ fees and costs. The Company intends to oppose plaintiff’s motion vigorously. No hearing date has been set for this motion. The Company is also currently a party to a putative securities class action in the United States District Court for the Eastern District of Texas, entitled Local 731 I.B. of T. Excavators and Pavers Pension Trust Fund v. Diodes, Inc., Civil Action No. 6:13-cv-247 (E.D. Tex. filed Mar. 15, 2013), against the Company, Dr. Lu and Richard D. White, in which plaintiff, purportedly on behalf of a class of investors who purchased the Company’s Common Stock between February 9, 2011 and June 9, 2011, alleges that defendants violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Securities and Exchange Commission Rule 10b-5 promulgated thereunder in connection with allegedly public statements made during the class period regarding the labor market in China and its impact on the Company’s business and prospects. Pursuant to the Private Securities Litigation Reform Act of 1995 (“Reform Act”), motions for appointment of lead plaintiff are due to be filed by May 14, 2013. Pursuant to the Court’s order dated April 26, 2013, (1) in the event the putative class member ultimately appointed as lead plaintiff wishes to file an amended complaint, lead plaintiff shall do so no later than forty-five (45) days after entry of an order appointing the lead plaintiff; (2) no later than fifteen (15) days after entry of an order appointing the lead plaintiff, lead plaintiff must file a notice with the Court indicating whether it will file an amended complaint; (3) defendants shall file an answer or motion directed to the operative complaint in this action no later than forty-five (45) days after service of an amended complaint or notice of lead plaintiff’s decision not to file an amended complaint, as applicable; and (4) in the event defendants file a motion or motions directed to the operative complaint in this action, (i) lead plaintiff shall file his, her or its opposition, if any, within forty-five (45) days after service of such motion(s) and (ii) defendants shall file their reply, if any, within thirty (30) days after service of lead plaintiff’s opposition. On June 14, 2013, the Court entered an order appointing Local 731 I.B. of T. Excavators and Pavers Pension Trust Fund as lead plaintiff and approved lead plaintiff’s selection of Robbins Geller Rudman & Dowd as lead plaintiff’s counsel and the Ward & Smith Law Firm as lead plaintiff’s liaison counsel. On August 1, 2013, lead plaintiff filed an amended complaint reiterating the same claims for relief against the same defendants as asserted in the original complaint. The deadline for defendants to move against or otherwise respond to the amended complaint is September 16, 2013. Pursuant to the Reform Act, all discovery and other proceedings are stayed pending a ruling on any motion to dismiss. The defendants intend to defend this action vigorously. | ||
| CY2013Q2 | diod |
Other Commitment Remaining Minimum Amount Committed
OtherCommitmentRemainingMinimumAmountCommitted
|
48000000 | USD |
| CY2013Q2 | us-gaap |
Significant Purchase Commitment Remaining Minimum Amount Committed
SignificantPurchaseCommitmentRemainingMinimumAmountCommitted
|
12000000 | USD |
| CY2013Q2 | diod |
Other Commitment Remaining Minimum Amount Paid
OtherCommitmentRemainingMinimumAmountPaid
|
25000000 | USD |
| CY2013Q2 | diod |
Other Commitment Remaining Minimum Amount Paid For Capital Expenditures
OtherCommitmentRemainingMinimumAmountPaidForCapitalExpenditures
|
21000000 | USD |
| us-gaap |
Defined Benefit Plans General Information
DefinedBenefitPlansGeneralInformation
|
The Company has a contributory defined benefit plan that covers certain employees in the United Kingdom (“U.K.”). The net pension and supplemental retirement benefit obligations and the related periodic costs are based on, among other things, assumptions regarding the discount rate, estimated return on plan assets and mortality rates. These obligations and related periodic costs are measured using actuarial techniques and assumptions. | ||
| us-gaap |
Defined Benefit Plan Pension Method To Determine Vested Benefit Obligation
DefinedBenefitPlanPensionMethodToDetermineVestedBenefitObligation
|
The projected unit credit method is the actuarial cost method used to compute the pension liabilities and related expenses. | ||
| us-gaap |
Defined Benefit Plan Estimated Future Employer Contributions In Current Fiscal Year Description
DefinedBenefitPlanEstimatedFutureEmployerContributionsInCurrentFiscalYearDescription
|
During the second quarter of 2012, the Company adopted a payment plan with the trustees of the defined benefit plan, in which the Company will pay approximately ₤2 million GBP (approximately $3 million based on a USD:GBP exchange rate of 1.6:1) every year from 2012 through 2019. | ||
| us-gaap |
Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Discount Rate
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostDiscountRate
|
0.046 | pure | |
| us-gaap |
Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Expected Long Term Return On Assets
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostExpectedLongTermReturnOnAssets
|
0.055 | pure | |
| CY2013Q2 | us-gaap |
Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
|
0 | USD |
| CY2013Q2 | us-gaap |
Deferred Compensation Plan Assets
DeferredCompensationPlanAssets
|
3000000 | USD |
| CY2013Q2 | diod |
Defined Benefit Plan Expected Future Benefit Payments In Three Fiscal Years Thereafter
DefinedBenefitPlanExpectedFutureBenefitPaymentsInThreeFiscalYearsThereafter
|
3000000 | USD |
| CY2013Q2 | us-gaap |
Defined Benefit Plan Expected Future Benefit Payments Next Twelve Months
DefinedBenefitPlanExpectedFutureBenefitPaymentsNextTwelveMonths
|
3000000 | USD |
| CY2013Q2 | us-gaap |
Defined Benefit Plan Expected Future Benefit Payments Year Two
DefinedBenefitPlanExpectedFutureBenefitPaymentsYearTwo
|
3000000 | USD |
| CY2013Q2 | us-gaap |
Defined Benefit Plan Expected Future Benefit Payments Year Three
DefinedBenefitPlanExpectedFutureBenefitPaymentsYearThree
|
3000000 | USD |
| CY2013Q2 | us-gaap |
Defined Benefit Plan Expected Future Benefit Payments Year Four
DefinedBenefitPlanExpectedFutureBenefitPaymentsYearFour
|
3000000 | USD |
| CY2013Q2 | us-gaap |
Defined Benefit Plan Expected Future Benefit Payments Year Five
DefinedBenefitPlanExpectedFutureBenefitPaymentsYearFive
|
3000000 | USD |
