2019 Q4 Form 10-K Financial Statement

#000103939921000009 Filed on February 22, 2021

View on sec.gov

Income Statement

Concept 2019 Q4 2018 Q4 2018
Revenue $178.6M $140.9M $529.7M
YoY Change 26.79% 6.81% -3.42%
Cost Of Revenue $104.3M $84.87M $319.3M
YoY Change 22.93% 1.91% -4.06%
Gross Profit $74.31M $56.02M $210.3M
YoY Change 32.64% 15.2% -2.44%
Gross Profit Margin 41.6% 39.76% 39.71%
Selling, General & Admin $28.98M $25.83M $99.25M
YoY Change 12.21% 6.56% 3.94%
% of Gross Profit 39.0% 46.1% 47.19%
Research & Development $21.61M $18.40M $74.98M
YoY Change 17.44% -0.62% 1.58%
% of Gross Profit 29.08% 32.84% 35.65%
Depreciation & Amortization $12.10M $11.30M $14.31M
YoY Change 7.08% 2.73% 5.05%
% of Gross Profit 16.28% 20.17% 6.81%
Operating Expenses $50.59M $44.23M $174.2M
YoY Change 14.38% 2.3% 2.91%
Operating Profit $23.72M $11.80M $36.11M
YoY Change 101.07% 118.57% -22.01%
Interest Expense $376.0K $660.0K $3.314M
YoY Change -43.03% -36.84% -26.21%
% of Operating Profit 1.59% 5.6% 9.18%
Other Income/Expense, Net $379.0K $117.0K -$224.0K
YoY Change 223.93% -168.82% 47.37%
Pretax Income $24.45M $11.66M $20.88M
YoY Change 109.72% 162.19% -33.71%
Income Tax $5.811M -$73.44M -$70.11M
% Of Pretax Income 23.77% -630.03% -335.82%
Net Earnings $18.64M $85.10M $104.0M
YoY Change -78.1% 1422.91% 154.29%
Net Earnings / Revenue 10.43% 60.4% 19.64%
Basic Earnings Per Share $0.25 $1.15 $1.42
Diluted Earnings Per Share $0.24 $1.13 $1.38
COMMON SHARES
Basic Shares Outstanding 75.73M shares 74.11M shares 73.48M shares
Diluted Shares Outstanding 78.06M shares 75.42M shares 75.18M shares

Balance Sheet

Concept 2019 Q4 2018 Q4 2018
SHORT-TERM ASSETS
Cash & Short-Term Investments $220.9M $149.0M $149.0M
YoY Change 48.23% 6.3% 6.28%
Cash & Equivalents $144.5M $98.47M $98.50M
Short-Term Investments $76.33M $50.53M $50.50M
Other Short-Term Assets $16.20M $14.50M $14.50M
YoY Change 11.72% 2.84% 2.84%
Inventory $83.26M $77.71M $77.70M
Prepaid Expenses
Receivables $97.87M $95.33M $95.30M
Other Receivables $0.00 $1.300M $1.300M
Total Short-Term Assets $419.0M $337.8M $337.8M
YoY Change 24.04% 10.45% 10.43%
LONG-TERM ASSETS
Property, Plant & Equipment $58.75M $54.05M $54.10M
YoY Change 8.68% 15.61% 15.6%
Goodwill $199.2M $189.2M
YoY Change 5.28% -0.37%
Intangibles $57.61M $67.64M
YoY Change -14.83% -30.61%
Long-Term Investments
YoY Change
Other Assets $1.203M $968.0K $79.50M
YoY Change 24.28% -57.15% 1104.55%
Total Long-Term Assets $420.8M $390.4M $390.4M
YoY Change 7.8% 14.58% 14.59%
TOTAL ASSETS
Total Short-Term Assets $419.0M $337.8M $337.8M
Total Long-Term Assets $420.8M $390.4M $390.4M
Total Assets $839.9M $728.2M $728.2M
YoY Change 15.33% 12.63% 12.62%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $40.91M $40.01M $40.00M
YoY Change 2.27% 14.15% 14.29%
Accrued Expenses $36.44M $27.73M $27.70M
YoY Change 31.4% -17.7% -15.81%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $42.85M $29.84M $29.80M
YoY Change 43.59% 61.8% 61.96%
Total Short-Term Liabilities $136.6M $102.5M $102.5M
YoY Change 33.21% 11.24% 11.17%
LONG-TERM LIABILITIES
Long-Term Debt $15.64M $34.97M $35.00M
YoY Change -55.28% -59.91% -59.86%
Other Long-Term Liabilities $39.70M $8.200M $8.200M
YoY Change 384.15% 57.69% 57.69%
Total Long-Term Liabilities $15.64M $34.97M $43.20M
YoY Change -55.28% -59.91% -53.25%
TOTAL LIABILITIES
Total Short-Term Liabilities $136.6M $102.5M $102.5M
Total Long-Term Liabilities $15.64M $34.97M $43.20M
Total Liabilities $198.9M $148.1M $148.1M
YoY Change 34.33% -21.22% -21.18%
SHAREHOLDERS EQUITY
Retained Earnings -$244.2M -$283.6M
YoY Change -13.87% -26.83%
Common Stock $885.9M $863.0M
YoY Change 2.66% 2.35%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $641.0M $580.2M $580.2M
YoY Change
Total Liabilities & Shareholders Equity $839.9M $728.2M $728.2M
YoY Change 15.33% 12.63% 12.62%

Cashflow Statement

Concept 2019 Q4 2018 Q4 2018
OPERATING ACTIVITIES
Net Income $18.64M $85.10M $104.0M
YoY Change -78.1% 1422.91% 154.29%
Depreciation, Depletion And Amortization $12.10M $11.30M $14.31M
YoY Change 7.08% 2.73% 5.05%
Cash From Operating Activities $37.60M $22.60M $68.70M
YoY Change 66.37% -14.39% -20.42%
INVESTING ACTIVITIES
Capital Expenditures -$6.600M -$7.600M $19.87M
YoY Change -13.16% 94.87% 11.9%
Acquisitions $22.20M $0.00
YoY Change
Other Investing Activities -$19.70M -$300.0K -$1.400M
YoY Change 6466.67% -98.28% -96.64%
Cash From Investing Activities -$26.40M -$7.800M -$21.30M
YoY Change 238.46% -63.21% -64.16%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change -100.0%
Debt Paid & Issued, Net $41.25M
YoY Change 24.53%
Cash From Financing Activities 12.40M -7.600M -$39.33M
YoY Change -263.16% -54.49% -0.36%
NET CHANGE
Cash From Operating Activities 37.60M 22.60M $68.70M
Cash From Investing Activities -26.40M -7.800M -$21.30M
Cash From Financing Activities 12.40M -7.600M -$39.33M
Net Change In Cash 23.60M 7.200M $7.820M
YoY Change 227.78% -162.61% -179.23%
FREE CASH FLOW
Cash From Operating Activities $37.60M $22.60M $68.70M
Capital Expenditures -$6.600M -$7.600M $19.87M
Free Cash Flow $44.20M $30.20M $48.83M
YoY Change 46.36% -0.33% -28.78%

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CY2019 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
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43161000 USD
CY2019 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2018 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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147937000 USD
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0 USD
CY2019 form Noncashor Part Noncash Acquisition Valueof Equity Awards Paid
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5364000 USD
CY2018 form Noncashor Part Noncash Acquisition Valueof Equity Awards Paid
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0 USD
CY2020 form Change In Capital Expenditures Incurred But Not Yet Paid
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2545000 USD
CY2019 form Change In Capital Expenditures Incurred But Not Yet Paid
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866000 USD
CY2018 form Change In Capital Expenditures Incurred But Not Yet Paid
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2290000 USD
CY2020 us-gaap Income Taxes Paid Net
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9150000 USD
CY2019 us-gaap Income Taxes Paid Net
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4324000 USD
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4576000 USD
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1405000 USD
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191098000 USD
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147937000 USD
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100546000 USD
CY2020 us-gaap Nature Of Operations
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Formation and Nature of Business<div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">FormFactor, Inc. was incorporated in Delaware on April 15, 1993 and is headquartered in Livermore, California. We are a leading provider of test and measurement technologies. We provide a broad range of high-performance probe cards, analytical probes, probe stations, metrology systems, thermal systems, and cryogenic systems to both semiconductor companies and scientific institutions. Our products provide electrical and physical information from a variety of semiconductor and electro-optical devices and integrated circuits from early research, through development, to high-volume production. Customers use our products and services to lower production costs, improve yields, and enable development of complex next generation products. We believe our technology leadership enables critical roadmap advances for our customers.</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Design, development and manufacturing operations are located in Livermore, San Jose, Carlsbad, and Baldwin Park, California, Beaverton, Oregon and Boulder, Colorado, United States and Bergisch Gladbach, Munich and Thiendorf, Germany, and sales, service and support operations are located in the United States, Germany, France, South Korea, Japan, Taiwan, China and Singapore. </span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Fiscal Year</span></div>Our fiscal year ends on the last Saturday in December. The fiscal years ended on December 26, 2020, December 28, 2019 and December 29, 2018, each consisted of 52 weeks, respectively.
CY2020 us-gaap Fiscal Period
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Fiscal YearOur fiscal year ends on the last Saturday in December.
CY2020 us-gaap Use Of Estimates
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<div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States of America ("GAAP") requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Estimates may change as new information is obtained. We believe that the estimates, assumptions and judgments involved in revenue recognition, fair value of marketable securities, fair value of derivative financial instruments used to hedge both foreign currency and interest rate exposures, allowance for doubtful accounts, reserves for product warranty, valuation of obsolete and slow moving inventory, assets acquired and liabilities assumed in business combinations, legal contingencies, valuation of goodwill, the assessment of recoverability of long-lived assets, valuation and recognition of stock-based compensation, provision for income taxes and valuation of deferred tax assets have the greatest potential impact on our consolidated financial statements. Actual results could differ from those estimates.</span></div>
CY2020 us-gaap Derivatives Methods Of Accounting Hedging Derivatives
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<div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Foreign Exchange Management</span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We transact business in various foreign currencies. We enter into forward foreign exchange contracts in an effort to mitigate the risks associated with currency fluctuations on certain foreign currency balance sheet exposures and certain operational costs denominated in local currency impacting our statement of income. For accounting purposes, certain of our foreign currency forward contracts are not designated as hedging instruments and, accordingly, we record the fair value of these contracts as of the end of our reporting period in our Consolidated Balance Sheets with changes in fair value recorded within Other income (expense), net in our Consolidated Statements of Income for both realized and unrealized gains and losses. Certain of our foreign currency forward contracts are designated as cash flow hedges, and, accordingly, we record the fair value of these contracts as of the end of our reporting period in our Consolidated Balance Sheets with changes in fair value recorded as a component of accumulated other comprehensive income (loss) and reclassified into earnings in the same period in which the hedged transaction affects earnings, and in the same line item on the Consolidated Statements of Income as the impact of the hedge transaction. We do not use derivative financial instruments for trading or speculative purposes.</span></div>
CY2020 us-gaap Revenue Performance Obligation Description Of Timing
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one to three years
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RevenueRemainingPerformanceObligation
7900000 USD
CY2020Q4 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.841
CY2020Q4 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.095
CY2020Q4 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.064
CY2019Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
222000 USD
CY2018Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
185000 USD
CY2017Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
200000 USD
CY2020 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
26000 USD
CY2019 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
37000 USD
CY2018 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-15000 USD
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
248000 USD
CY2019Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
222000 USD
CY2018Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
185000 USD
CY2020Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
22200000 USD
CY2020 us-gaap Inventory Write Down
InventoryWriteDown
13100000 USD
CY2019 us-gaap Inventory Write Down
InventoryWriteDown
10400000 USD
CY2018 us-gaap Inventory Write Down
InventoryWriteDown
10500000 USD
CY2020 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
Concentration of Credit Risk and Other Risks and UncertaintiesFinancial instruments that potentially subject us to concentrations of credit risk consist primarily of cash equivalents, marketable securities and accounts receivable. Our cash equivalents and marketable securities are held in safekeeping by large, credit worthy financial institutions. We invest our excess cash primarily in U.S. banks, government and agency bonds, money market funds and corporate obligations. We have established guidelines relative to credit ratings, diversification and maturities that seek to maintain safety and liquidity. Deposits in these banks may exceed the amounts of insurance provided on such deposits. To date, we have not experienced any losses on our deposits of cash and cash equivalents. We market and sell our products to a relatively narrow base of customers and generally do not require collateral.
CY2020Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
3700000 USD
CY2019Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
900000 USD
CY2019Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
10800000 USD
CY2020 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
9500000 USD
CY2019Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
1942000 USD
CY2018Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
2102000 USD
CY2017Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
3662000 USD
CY2020 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
5727000 USD
CY2019 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
3881000 USD
CY2018 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
3181000 USD
CY2020 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
3751000 USD
CY2019 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
4041000 USD
CY2018 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
4741000 USD
CY2020Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
3918000 USD
CY2019Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
1942000 USD
CY2018Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
2102000 USD
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
76681000 shares
CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
74994000 shares
CY2018 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
73482000 shares
CY2020 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
2320000 shares
CY2019 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
2292000 shares
CY2018 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1700000 shares
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
79001000 shares
CY2020Q4 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
5184000 USD
CY2019Q4 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
53000 USD
CY2020Q4 us-gaap Aoci Loss Cash Flow Hedge Cumulative Gain Loss After Tax
AociLossCashFlowHedgeCumulativeGainLossAfterTax
828000 USD
CY2019 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
77286000 shares
CY2018 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
75182000 shares
CY2020Q4 us-gaap Accumulated Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-126000 USD
CY2019Q4 us-gaap Accumulated Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-352000 USD
CY2019Q4 us-gaap Aoci Loss Cash Flow Hedge Cumulative Gain Loss After Tax
AociLossCashFlowHedgeCumulativeGainLossAfterTax
-360000 USD
CY2020Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
5886000 USD
CY2019Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-659000 USD
CY2020Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
67493000 USD
CY2020Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
319000 USD
CY2020Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
2000 USD
CY2020Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
67810000 USD
CY2019Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
76231000 USD
CY2019Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
123000 USD
CY2019Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
27000 USD
CY2019Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
76327000 USD
CY2020Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost
50500000 USD
CY2020Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
50679000 USD
CY2019Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost
38899000 USD
CY2019Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
38944000 USD
CY2020Q4 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost
16993000 USD
CY2020Q4 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
17131000 USD
CY2019Q4 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost
37332000 USD
CY2019Q4 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
37383000 USD
CY2020Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
67493000 USD
CY2020Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
67810000 USD
CY2019Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
76231000 USD
CY2019Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
76327000 USD
CY2020Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
48122000 USD
CY2019Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
38528000 USD
CY2020Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
30806000 USD
CY2019Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
29720000 USD
CY2020Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
20301000 USD
CY2019Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
15010000 USD
CY2020Q4 us-gaap Inventory Net
InventoryNet
99229000 USD
CY2019Q4 us-gaap Inventory Net
InventoryNet
83258000 USD
CY2020Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
353335000 USD
CY2019Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
319890000 USD
CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
294468000 USD
CY2019Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
273001000 USD
CY2020Q4 form Property Plant And Equipment Net Excludes Construction In Progress
PropertyPlantAndEquipmentNetExcludesConstructionInProgress
58867000 USD
CY2019Q4 form Property Plant And Equipment Net Excludes Construction In Progress
PropertyPlantAndEquipmentNetExcludesConstructionInProgress
46889000 USD
CY2020Q4 us-gaap Construction In Progress Gross
ConstructionInProgressGross
45236000 USD
CY2019Q4 us-gaap Construction In Progress Gross
ConstructionInProgressGross
11858000 USD
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
104103000 USD
CY2019Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
58747000 USD
CY2020Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
33110000 USD
CY2020Q4 form Accrued Employee Stock Purchase Plan Contributions Withheld
AccruedEmployeeStockPurchasePlanContributionsWithheld
4240000 USD
CY2019Q4 form Accrued Employee Stock Purchase Plan Contributions Withheld
AccruedEmployeeStockPurchasePlanContributionsWithheld
3331000 USD
CY2019Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
21329000 USD
CY2020Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
3918000 USD
CY2019Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
1942000 USD
CY2020Q4 form Accrued Income And Other Taxes
AccruedIncomeAndOtherTaxes
6976000 USD
CY2019Q4 form Accrued Income And Other Taxes
AccruedIncomeAndOtherTaxes
6846000 USD
CY2020Q4 us-gaap Business Combination Contingent Consideration Liability Current
BusinessCombinationContingentConsiderationLiabilityCurrent
4012000 USD
CY2019Q4 us-gaap Business Combination Contingent Consideration Liability Current
BusinessCombinationContingentConsiderationLiabilityCurrent
0 USD
CY2020Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
3086000 USD
CY2019Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
2991000 USD
CY2020Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
55342000 USD
CY2019Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
36439000 USD
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
1111000 USD
CY2020Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
34569000 USD
CY2019Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
58514000 USD
CY2020Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
75000 USD
CY2019Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
29000 USD
CY2020Q4 us-gaap Long Term Debt
LongTermDebt
34494000 USD
CY2019Q4 us-gaap Long Term Debt
LongTermDebt
58485000 USD
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
9521000 USD
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
9549000 USD
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
1050000 USD
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
1080000 USD
CY2020Q4 form Longterm Debt Maturities Payments Of Interest In Year Two
LongtermDebtMaturitiesPaymentsOfInterestInYearTwo
377000 USD
CY2020Q4 form Long Term Debt Maturities Payments Of Interest Due Year Three
LongTermDebtMaturitiesPaymentsOfInterestDueYearThree
290000 USD
CY2020Q4 form Long Term Debt Maturities Payments Of Interest Due Year Four
LongTermDebtMaturitiesPaymentsOfInterestDueYearFour
271000 USD
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
12258000 USD
CY2020Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
34569000 USD
CY2020Q4 form Longterm Debt Maturities Payments Of Interest In Next Twelve Months
LongtermDebtMaturitiesPaymentsOfInterestInNextTwelveMonths
503000 USD
CY2020Q4 form Long Term Debt Maturities Payments Of Interest Due Year Five
LongTermDebtMaturitiesPaymentsOfInterestDueYearFive
248000 USD
CY2020Q4 form Long Term Debt Maturities Payments Of Interest Due After Year Five
LongTermDebtMaturitiesPaymentsOfInterestDueAfterYearFive
1185000 USD
CY2020Q4 form Longterm Debt Maturities Interest Payments
LongtermDebtMaturitiesInterestPayments
2874000 USD
CY2020Q4 form Long Term Debt Maturities Total Payment Due Next Twelve Months
LongTermDebtMaturitiesTotalPaymentDueNextTwelveMonths
10024000 USD
CY2020Q4 form Long Term Debt Maturities Total Payment Due Year Two
LongTermDebtMaturitiesTotalPaymentDueYearTwo
9926000 USD
CY2020Q4 form Long Term Debt Maturities Total Payment Due Year Three
LongTermDebtMaturitiesTotalPaymentDueYearThree
1340000 USD
CY2020Q4 form Long Term Debt Maturities Total Payment Due Year Four
LongTermDebtMaturitiesTotalPaymentDueYearFour
1351000 USD
CY2020Q4 form Long Term Debt Maturities Total Payment Due Year Five
LongTermDebtMaturitiesTotalPaymentDueYearFive
1359000 USD
CY2020Q4 form Long Term Debt Maturities Total Payment Due After Year Five
LongTermDebtMaturitiesTotalPaymentDueAfterYearFive
13443000 USD
CY2020Q4 form Long Term Debt Maturities Total Payments Due
LongTermDebtMaturitiesTotalPaymentsDue
37443000 USD
CY2020 us-gaap Operating Lease Expense
OperatingLeaseExpense
7468000 USD
CY2019 us-gaap Operating Lease Expense
OperatingLeaseExpense
6985000 USD
CY2020Q4 us-gaap Lessee Operating Lease Renewal Term
LesseeOperatingLeaseRenewalTerm
P20Y
CY2020Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P6Y7M6D
CY2020Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0433
CY2020 us-gaap Short Term Lease Cost
ShortTermLeaseCost
136000 USD
CY2019 us-gaap Short Term Lease Cost
ShortTermLeaseCost
142000 USD
CY2020 us-gaap Variable Lease Cost
VariableLeaseCost
1574000 USD
CY2019 us-gaap Variable Lease Cost
VariableLeaseCost
1286000 USD
CY2020 us-gaap Lease Cost
LeaseCost
9178000 USD
CY2019 us-gaap Lease Cost
LeaseCost
8413000 USD
CY2018 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
8400000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
4903000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
4863000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
12531000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
7349000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
6115000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
5254000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
41015000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
6315000 USD
CY2020Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
34700000 USD
CY2020Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
6704000 USD
CY2020Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
27996000 USD
CY2020 us-gaap Cash Flow Hedge Gain Loss To Be Reclassified Within Twelve Months
CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths
900000 USD
CY2020Q4 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
4000000.0 USD
CY2020 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
-1400000 USD
CY2019Q4 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
5400000 USD
CY2016Q4 us-gaap Derivative Notional Amount
DerivativeNotionalAmount
95600000 USD
CY2020Q4 us-gaap Marketable Securities
MarketableSecurities
67810000 USD
CY2020Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
111943000 USD
CY2020Q4 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
4012000 USD
CY2020Q4 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
4099000 USD
CY2019Q4 us-gaap Marketable Securities
MarketableSecurities
76327000 USD
CY2019Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
93450000 USD
CY2019Q4 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
5364000 USD
CY2019Q4 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
5604000 USD
CY2017Q4 us-gaap Goodwill
Goodwill
189920000 USD
CY2018 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-706000 USD
CY2018Q4 us-gaap Goodwill
Goodwill
189214000 USD
CY2019 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-166000 USD
CY2019Q4 us-gaap Goodwill
Goodwill
199196000 USD
CY2020 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
2346000 USD
CY2020Q4 us-gaap Goodwill
Goodwill
212761000 USD
CY2020 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
208672000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
239542000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
180395000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
59147000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
151062000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
57610000 USD
CY2020 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
27991000 USD
CY2019 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
27672000 USD
CY2018 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
29373000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
20207000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
10594000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
8364000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
5951000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
4398000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
9233000 USD
CY2020Q4 form Finite Lived Intangible Assets Amortization Expense Total
FiniteLivedIntangibleAssetsAmortizationExpenseTotal
58747000 USD
CY2018 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0 USD
CY2019 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0 USD
CY2020 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0 USD
CY2020 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
0 USD
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Discount From Market Price Offering Date
ShareBasedCompensationArrangementByShareBasedPaymentAwardDiscountFromMarketPriceOfferingDate
0.85
CY2020 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
25.96
CY2019 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
15.12
CY2018 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
13.79
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
4688000 USD
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
1814000 USD
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
631000 USD
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
42597000 USD
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
23450000 USD
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
17541000 USD
CY2020 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
23830000 USD
CY2019 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
23176000 USD
CY2018 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
17827000 USD
CY2020 form Tax Benefit From Stock Based Compensation
TaxBenefitFromStockBasedCompensation
4962000 USD
CY2019 form Tax Benefit From Stock Based Compensation
TaxBenefitFromStockBasedCompensation
911000 USD
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