$DZSI
DZS INC.

2019 Q3 Form 10-Q Financial Statement

#000156459019043249 Filed on November 13, 2019

View on sec.gov

Income Statement

Concept 2019 Q3 2018 Q3
Revenue $71.52M $71.91M
YoY Change -0.54% 8.24%
Cost Of Revenue $49.35M $48.48M
YoY Change 1.78% 10.13%
Gross Profit $22.18M $23.43M
YoY Change -5.35% 4.53%
Gross Profit Margin 31.01% 32.58%
Selling, General & Admin $15.72M $11.11M
YoY Change 41.49% -2.97%
% of Gross Profit 70.88% 47.42%
Research & Development $9.898M $8.655M
YoY Change 14.36% -3.18%
% of Gross Profit 44.63% 36.94%
Depreciation & Amortization $1.340M $650.0K
YoY Change 106.15% -14.47%
% of Gross Profit 6.04% 2.77%
Operating Expenses $26.08M $19.89M
YoY Change 31.1% -4.15%
Operating Profit -$3.901M $3.539M
YoY Change -210.23% 113.06%
Interest Expense -$750.0K -$410.0K
YoY Change 82.93% 78.26%
% of Operating Profit -11.59%
Other Income/Expense, Net $944.0K -$572.0K
YoY Change -265.03% -1053.33%
Pretax Income -$3.707M $2.562M
YoY Change -244.69% 71.49%
Income Tax $300.0K $735.0K
% Of Pretax Income 28.69%
Net Earnings -$4.033M $1.798M
YoY Change -324.3% 28.52%
Net Earnings / Revenue -5.64% 2.5%
Basic Earnings Per Share -$0.19 $0.11
Diluted Earnings Per Share -$0.19 $0.11
COMMON SHARES
Basic Shares Outstanding 21.38M 16.68M
Diluted Shares Outstanding 21.38M 16.89M

Balance Sheet

Concept 2019 Q3 2018 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $47.90M $20.00M
YoY Change 139.5% 98.02%
Cash & Equivalents $47.85M $20.03M
Short-Term Investments
Other Short-Term Assets $10.70M $20.10M
YoY Change -46.77% 23.31%
Inventory $43.00M $45.46M
Prepaid Expenses
Receivables $110.2M $61.00M
Other Receivables $1.000K $91.00K
Total Short-Term Assets $219.8M $174.8M
YoY Change 25.77% 35.84%
LONG-TERM ASSETS
Property, Plant & Equipment $6.575M $5.374M
YoY Change 22.35% -7.54%
Goodwill $3.977M $3.977M
YoY Change 0.0% 0.0%
Intangibles $14.54M
YoY Change
Long-Term Investments
YoY Change
Other Assets $2.784M $1.400M
YoY Change 98.86% -8.85%
Total Long-Term Assets $48.42M $20.43M
YoY Change 137.03% 10.42%
TOTAL ASSETS
Total Short-Term Assets $219.8M $174.8M
Total Long-Term Assets $48.42M $20.43M
Total Assets $268.2M $195.2M
YoY Change 37.42% 32.65%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $43.40M $54.20M
YoY Change -19.93% 53.54%
Accrued Expenses $13.90M $10.30M
YoY Change 34.95% 1.98%
Deferred Revenue $3.609M $2.394M
YoY Change 50.75%
Short-Term Debt $22.80M $3.100M
YoY Change 635.48% -83.15%
Long-Term Debt Due $34.61M $37.30M
YoY Change -7.22% 102.72%
Total Short-Term Liabilities $99.88M $107.9M
YoY Change -7.43% 51.25%
LONG-TERM LIABILITIES
Long-Term Debt $19.46M $5.000M
YoY Change 289.12% 0.0%
Other Long-Term Liabilities $1.658M $2.677M
YoY Change -38.06% 3.72%
Total Long-Term Liabilities $21.11M $2.677M
YoY Change 688.72% 3.72%
TOTAL LIABILITIES
Total Short-Term Liabilities $99.88M $107.9M
Total Long-Term Liabilities $21.11M $2.677M
Total Liabilities $153.8M $117.4M
YoY Change 31.0% 45.34%
SHAREHOLDERS EQUITY
Retained Earnings -$19.04M -$15.19M
YoY Change 25.35% -34.19%
Common Stock $138.9M $92.42M
YoY Change 50.27% 2.82%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $114.4M $77.24M
YoY Change
Total Liabilities & Shareholders Equity $268.2M $195.2M
YoY Change 37.42% 32.65%

Cashflow Statement

Concept 2019 Q3 2018 Q3
OPERATING ACTIVITIES
Net Income -$4.033M $1.798M
YoY Change -324.3% 28.52%
Depreciation, Depletion And Amortization $1.340M $650.0K
YoY Change 106.15% -14.47%
Cash From Operating Activities -$6.060M -$300.0K
YoY Change 1920.0% -104.85%
INVESTING ACTIVITIES
Capital Expenditures -$650.0K -$330.0K
YoY Change 96.97% 50.0%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00
YoY Change -100.0%
Cash From Investing Activities -$650.0K -$340.0K
YoY Change 91.18% -94.59%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -5.250M -9.000M
YoY Change -41.67% 878.26%
NET CHANGE
Cash From Operating Activities -6.060M -300.0K
Cash From Investing Activities -650.0K -340.0K
Cash From Financing Activities -5.250M -9.000M
Net Change In Cash -11.96M -9.640M
YoY Change 24.07% 854.46%
FREE CASH FLOW
Cash From Operating Activities -$6.060M -$300.0K
Capital Expenditures -$650.0K -$330.0K
Free Cash Flow -$5.410M $30.00K
YoY Change -18133.33% -99.53%

Facts In Submission

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CY2019Q1 us-gaap Profit Loss
ProfitLoss
-1457000
CY2019Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-1125000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-21888000
CY2019Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
76097000
us-gaap Share Based Compensation
ShareBasedCompensation
1357000
us-gaap Inventory Write Down
InventoryWriteDown
2289000
us-gaap Inventory Write Down
InventoryWriteDown
753000
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
148000
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
2000
dzsi Provision For Sales Return
ProvisionForSalesReturn
413000
dzsi Provision For Sales Return
ProvisionForSalesReturn
839000
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
2080000
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-226000
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
884000
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-56000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
29724000
CY2019Q2 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
42509000
CY2019Q2 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
473000
CY2019Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
811000
CY2019Q2 us-gaap Profit Loss
ProfitLoss
2384000
CY2019Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-1725000
CY2019Q3 us-gaap Minority Interest Decrease From Redemptions
MinorityInterestDecreaseFromRedemptions
950000
CY2019Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1182000
CY2019Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-2389000
CY2017Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
73767000
CY2018Q1 us-gaap Cumulative Effect On Retained Earnings Net Of Tax1
CumulativeEffectOnRetainedEarningsNetOfTax1
342000
CY2018Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
111000
CY2018Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
363000
CY2018Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
287000
CY2018Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
75011000
CY2018Q2 us-gaap Cumulative Effect On Retained Earnings Net Of Tax1
CumulativeEffectOnRetainedEarningsNetOfTax1
-1000
CY2018Q2 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
77000
CY2018Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
377000
CY2018Q2 us-gaap Profit Loss
ProfitLoss
1355000
CY2018Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-2549000
CY2018Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
74270000
CY2018Q3 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
665000
CY2018Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
617000
CY2018Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
391000
CY2018Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
77770000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
4110000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
2033000
dzsi Amortization Of Deferred Financing Costs
AmortizationOfDeferredFinancingCosts
453000
us-gaap Business Combination Bargain Purchase Gain Recognized Amount
BusinessCombinationBargainPurchaseGainRecognizedAmount
334000
us-gaap Share Based Compensation
ShareBasedCompensation
2818000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
15377000
us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
-819000
us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
5984000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
3454000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
21967000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-3859000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
1958000
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
9275000
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
24790000
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-4246000
us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
-4049000
us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
-3695000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-15714000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1461000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
753000
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
1000
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
4697000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-6158000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-752000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
42509000
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
25884000
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
61419000
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
38486000
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
48739000
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
25000000
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
1250000
us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
6098000
dzsi Repayments Of Related Party Debt Excluding Long Term Debt
RepaymentsOfRelatedPartyDebtExcludingLongTermDebt
5000000
dzsi Repayments Of Related Party Debt Excluding Long Term Debt
RepaymentsOfRelatedPartyDebtExcludingLongTermDebt
4460000
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
1998000
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
950000
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
473000
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
853000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
46182000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
15171000
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-984000
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-1417000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
17152000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-2712000
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
35648000
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
31412000
CY2019Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
52800000
CY2018Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
28700000
CY2018Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
20028000
CY2018Q3 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
7825000
CY2018Q3 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
847000
us-gaap Use Of Estimates
UseOfEstimates
<div align="left"> <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse; width:100%;"> <tr> <td valign="top" style="width:5.27%;white-space:nowrap"> <p style="margin-top:18pt;margin-bottom:0pt;font-weight:bold;font-style:italic;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:10pt;">&nbsp;</p></td> <td valign="top" style="width:5.27%;white-space:nowrap"> <p style="margin-top:18pt;margin-bottom:0pt;font-weight:bold;font-style:italic;font-family:Times New Roman;font-size:10pt;text-transform:none;font-variant: normal;"><font style="font-weight:bold;font-style:italic;font-family:Times New Roman;font-size:10pt;text-transform:none;font-variant: normal;">(d</font><font style="font-weight:bold;font-style:italic;font-family:Times New Roman;font-size:10pt;text-transform:none;font-variant: normal;">)</font></p></td> <td valign="top"> <p style="margin-top:18pt;margin-bottom:0pt;font-weight:bold;font-style:italic;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:10pt;">Use of Estimates</p></td></tr></table></div> <p style="margin-top:6pt;margin-bottom:0pt;margin-left:10.55%;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The preparation of the condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ materially from those estimates.</p>
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div align="left"> <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse; width:100%;"> <tr> <td valign="top" style="width:5.27%;white-space:nowrap"> <p style="margin-top:18pt;margin-bottom:0pt;font-weight:bold;font-style:italic;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:10pt;">&nbsp;</p></td> <td valign="top" style="width:5.27%;white-space:nowrap"> <p style="margin-top:18pt;margin-bottom:0pt;font-weight:bold;font-style:italic;font-family:Times New Roman;font-size:10pt;text-transform:none;font-variant: normal;"><font style="font-weight:bold;font-style:italic;font-family:Times New Roman;font-size:10pt;text-transform:none;font-variant: normal;">(e)</font></p></td> <td valign="top"> <p style="margin-top:18pt;margin-bottom:0pt;font-weight:bold;font-style:italic;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:10pt;">Reclassifications</p></td></tr></table></div> <p style="margin-top:6pt;margin-bottom:0pt;margin-left:10.55%;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">For the three and nine months ended September 30, 2018, certain previously reported statement of comprehensive income (loss) and statement of cash flows amounts have been adjusted for certain immaterial reclassifications to correctly reflect: (i) cost of products and services to related parties; and (ii) changes in accounts receivable and contract assets.&nbsp;&nbsp;</p>
CY2019Q3 dzsi Numberof Customers
NumberofCustomers
900
CY2019Q3 us-gaap Number Of Countries In Which Entity Operates
NumberOfCountriesInWhichEntityOperates
80
dzsi Entity Incorporation Month Year Of Incorporation
EntityIncorporationMonthYearOfIncorporation
1999-06
CY2019Q3 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
10328000
dzsi Increase Decrease In Contract With Customer Asset Net
IncreaseDecreaseInContractWithCustomerAssetNet
-1847000
CY2019Q3 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
6206000
dzsi Increase Decrease In Contract With Customer Liabilities
IncreaseDecreaseInContractWithCustomerLiabilities
-4106000
CY2019Q3 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
1700000
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
7300000
CY2019Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
22500000
CY2019Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
22500000
CY2019Q3 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
101253000
CY2018Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
71945000
CY2019Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
388000
CY2018Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
328000
CY2019Q3 us-gaap Receivables Net Current
ReceivablesNetCurrent
100865000
CY2018Q4 us-gaap Receivables Net Current
ReceivablesNetCurrent
71617000
CY2019Q3 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
16630000
CY2018Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
15688000
CY2019Q3 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
3582000
CY2018Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
2429000
CY2019Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
19144000
CY2019Q3 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
22834000
CY2018Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
15751000
CY2018Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
17201000
CY2019Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
12228000
CY2018Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
11271000
CY2019Q3 dzsi Property Plant And Equipment Under Government Grants
PropertyPlantAndEquipmentUnderGovernmentGrants
341000
CY2018Q4 dzsi Property Plant And Equipment Under Government Grants
PropertyPlantAndEquipmentUnderGovernmentGrants
412000
CY2019Q3 us-gaap Goodwill Gross
GoodwillGross
3977000
CY2018Q4 us-gaap Goodwill Gross
GoodwillGross
3977000
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2018 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2019Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
19761000
CY2019Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
5222000
CY2019Q3 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
14539000
CY2018Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
8300000
CY2018Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
2651000
CY2018Q4 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
5649000
CY2019Q3 dzsi Amortizationand Impairmentof Intangible Assets
AmortizationandImpairmentofIntangibleAssets
900000
dzsi Amortizationand Impairmentof Intangible Assets
AmortizationandImpairmentofIntangibleAssets
2600000
CY2018Q3 dzsi Amortizationand Impairmentof Intangible Assets
AmortizationandImpairmentofIntangibleAssets
300000
dzsi Amortizationand Impairmentof Intangible Assets
AmortizationandImpairmentofIntangibleAssets
900000
CY2019Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
857000
CY2019Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
3429000
CY2019Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
3225000
CY2019Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
2816000
CY2019Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
2816000
CY2019Q3 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
1396000
CY2019Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
14539000
CY2019Q3 us-gaap Debt Instrument Unamortized Discount Current
DebtInstrumentUnamortizedDiscountCurrent
702000
CY2019Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
34606000
CY2019Q3 us-gaap Debt Instrument Unamortized Discount Noncurrent
DebtInstrumentUnamortizedDiscountNoncurrent
843000
CY2019Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
19456000
CY2019Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
55607000
CY2019Q3 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
1545000
CY2019Q3 us-gaap Long Term Debt
LongTermDebt
54062000
CY2018Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
31762000
CY2018Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
14142000
CY2018Q4 us-gaap Long Term Debt
LongTermDebt
45904000
CY2019Q1 dzsi Interest Rate Additional To Federal Funds Rate
InterestRateAdditionalToFederalFundsRate
0.0050
CY2019Q1 dzsi Interest Rate Additional To Pncs Prime Rate Or Libor Rate
InterestRateAdditionalToPNCSPrimeRateOrLIBORRate
0.0100
CY2019Q1 dzsi Libor Subject To Floor Rate
LIBORSubjectToFloorRate
0.0100
CY2018Q4 us-gaap Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
0.035
dzsi Number Of Equal Annual Instalments In Repayment Of Debt
NumberOfEqualAnnualInstalmentsInRepaymentOfDebt
2
CY2019Q3 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
20625000
CY2018Q4 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
24762000
CY2019Q3 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
10800000
CY2018Q4 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
5500000
us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
100000
CY2019Q3 us-gaap Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Discount Rate
DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationDiscountRate
0.0120
CY2019Q3 us-gaap Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Rate Of Compensation Increase
DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationRateOfCompensationIncrease
0.0170
CY2019Q3 us-gaap Defined Benefit Plan Benefit Obligation
DefinedBenefitPlanBenefitObligation
13300000
CY2019Q3 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
3400000
CY2019Q3 us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
0
us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
0
CY2017Q4 us-gaap Minority Interest
MinorityInterest
534000
us-gaap Minority Interest Decrease From Redemptions
MinorityInterestDecreaseFromRedemptions
823000
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Before Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToNoncontrollingInterest
14000
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Before Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToNoncontrollingInterest
-5000
CY2018Q3 us-gaap Minority Interest
MinorityInterest
531000
us-gaap Debt Instrument Collateral Fee
DebtInstrumentCollateralFee
0
CY2019Q3 us-gaap Interest Expense Related Party
InterestExpenseRelatedParty
100000
us-gaap Interest Expense Related Party
InterestExpenseRelatedParty
300000
CY2018Q3 us-gaap Interest Expense Related Party
InterestExpenseRelatedParty
100000
us-gaap Interest Expense Related Party
InterestExpenseRelatedParty
300000
CY2018Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
208000
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
215000
CY2019Q3 us-gaap Finance Lease Liability
FinanceLeaseLiability
1
CY2019Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
1064000
us-gaap Operating Lease Cost
OperatingLeaseCost
3327000
CY2019Q3 us-gaap Variable Lease Cost
VariableLeaseCost
194000
us-gaap Variable Lease Cost
VariableLeaseCost
520000
CY2019Q3 us-gaap Lease Cost
LeaseCost
1258000
us-gaap Lease Cost
LeaseCost
3847000
CY2019Q3 dzsi Cash Paid For Amounts Included In Measurement Of Operating Lease Liabilities
CashPaidForAmountsIncludedInMeasurementOfOperatingLeaseLiabilities
1265000
dzsi Cash Paid For Amounts Included In Measurement Of Operating Lease Liabilities
CashPaidForAmountsIncludedInMeasurementOfOperatingLeaseLiabilities
3888000
CY2019Q3 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
35000
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
35000
CY2019Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y9M7D
CY2019Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.066
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
1259000
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
4197000
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
3890000
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
3609000
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
3460000
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
6373000
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
22788000
CY2019Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
3335000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
4100000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
3005000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
2590000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
2664000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
2494000
CY2018Q4 dzsi Operating Leases Future Minimum Payments Due After Four Year
OperatingLeasesFutureMinimumPaymentsDueAfterFourYear
5929000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
20782000
CY2019Q3 us-gaap Land Subject To Ground Leases
LandSubjectToGroundLeases
16500
CY2019Q3 us-gaap Lessee Operating Lease Term Of Contract
LesseeOperatingLeaseTermOfContract
P63M
CY2019Q3 dzsi Operating Lease Commenced Date
OperatingLeaseCommencedDate
2019-11-01
CY2018Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
1319000
CY2017Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
931000
us-gaap Product Warranty Accrual Additions From Business Acquisition
ProductWarrantyAccrualAdditionsFromBusinessAcquisition
230000
us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
732000
us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
1022000
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
782000
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
598000
us-gaap Standard And Extended Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardAndExtendedProductWarrantyAccrualForeignCurrencyTranslationGainLoss
-27000
us-gaap Standard And Extended Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardAndExtendedProductWarrantyAccrualForeignCurrencyTranslationGainLoss
6000
CY2019Q3 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
1472000
CY2018Q3 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
1361000
dzsi Product Warranty Term
ProductWarrantyTerm
P2Y
CY2019Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-3700000
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-2000000
CY2018Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
2600000
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
4400000
CY2019Q3 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
800000
CY2019Q3 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
100000
us-gaap Unrecognized Tax Benefits Period Increase Decrease
UnrecognizedTaxBenefitsPeriodIncreaseDecrease
0
CY2019Q3 us-gaap Unrecognized Tax Benefits Period Increase Decrease
UnrecognizedTaxBenefitsPeriodIncreaseDecrease
0
us-gaap Unrecognized Tax Benefits Period Increase Decrease
UnrecognizedTaxBenefitsPeriodIncreaseDecrease
0
CY2018Q3 us-gaap Unrecognized Tax Benefits Period Increase Decrease
UnrecognizedTaxBenefitsPeriodIncreaseDecrease
0

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