2018 Q2 Form 10-Q Financial Statement

#000152839618000028 Filed on June 06, 2018

View on sec.gov

Income Statement

Concept 2018 Q2 2017 Q2
Revenue $142.1M $123.4M
YoY Change 15.16% 24.86%
Cost Of Revenue $74.32M $51.47M
YoY Change 44.4% 31.95%
Gross Profit $66.47M $71.97M
YoY Change -7.64% 20.24%
Gross Profit Margin 46.76% 58.3%
Selling, General & Admin $48.55M $42.22M
YoY Change 15.0% 16.12%
% of Gross Profit 73.04% 58.66%
Research & Development $46.79M $34.09M
YoY Change 37.25% 16.46%
% of Gross Profit 70.39% 47.37%
Depreciation & Amortization $2.000M $1.600M
YoY Change 25.0% -5.88%
% of Gross Profit 3.01% 2.22%
Operating Expenses $95.34M $76.31M
YoY Change 24.94% 16.27%
Operating Profit -$28.87M -$4.339M
YoY Change 565.29% -24.89%
Interest Expense $2.228M $6.000K
YoY Change 37033.33% -99.73%
% of Operating Profit
Other Income/Expense, Net -$356.0K $11.00K
YoY Change -3336.36% -98.63%
Pretax Income -$27.69M -$2.934M
YoY Change 843.73% 6.23%
Income Tax $3.500M -$1.115M
% Of Pretax Income
Net Earnings -$31.15M -$1.819M
YoY Change 1612.48% 350.25%
Net Earnings / Revenue -21.91% -1.47%
Basic Earnings Per Share -$0.40 -$0.02
Diluted Earnings Per Share -$0.40 -$0.02
COMMON SHARES
Basic Shares Outstanding 78.78M shares 74.18M shares
Diluted Shares Outstanding 78.78M shares 74.18M shares

Balance Sheet

Concept 2018 Q2 2017 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $994.3M $477.5M
YoY Change 108.23% -17.49%
Cash & Equivalents $476.1M $180.2M
Short-Term Investments $518.2M $297.3M
Other Short-Term Assets $31.20M $30.70M
YoY Change 1.63% 111.72%
Inventory
Prepaid Expenses
Receivables $101.1M $94.96M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.127B $603.2M
YoY Change 86.78% -7.82%
LONG-TERM ASSETS
Property, Plant & Equipment $15.93M $11.90M
YoY Change 33.9% -10.23%
Goodwill $342.5M $142.0M
YoY Change 141.13% 380.06%
Intangibles $103.0M $76.09M
YoY Change 35.37% 400.43%
Long-Term Investments $174.9M $113.9M
YoY Change 53.56% 11.45%
Other Assets $21.70M $13.16M
YoY Change 64.97% 13.19%
Total Long-Term Assets $705.9M $400.0M
YoY Change 76.46% 96.05%
TOTAL ASSETS
Total Short-Term Assets $1.127B $603.2M
Total Long-Term Assets $705.9M $400.0M
Total Assets $1.833B $1.003B
YoY Change 82.67% 16.87%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $19.36M $11.77M
YoY Change 64.49% 36.61%
Accrued Expenses $43.40M $37.50M
YoY Change 15.73% 27.99%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $188.7M $164.1M
YoY Change 15.01% 51.77%
LONG-TERM LIABILITIES
Long-Term Debt $302.2M $0.00
YoY Change
Other Long-Term Liabilities $1.121M $2.393M
YoY Change -53.16% -31.08%
Total Long-Term Liabilities $1.121M $2.393M
YoY Change -53.16% -31.08%
TOTAL LIABILITIES
Total Short-Term Liabilities $188.7M $164.1M
Total Long-Term Liabilities $1.121M $2.393M
Total Liabilities $512.7M $169.3M
YoY Change 202.8% 44.44%
SHAREHOLDERS EQUITY
Retained Earnings $50.08M $42.13M
YoY Change 18.87% 32.75%
Common Stock $1.276B $799.5M
YoY Change 59.65% 11.78%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.334B $833.9M
YoY Change
Total Liabilities & Shareholders Equity $1.833B $1.003B
YoY Change 82.67% 16.87%

Cashflow Statement

Concept 2018 Q2 2017 Q2
OPERATING ACTIVITIES
Net Income -$31.15M -$1.819M
YoY Change 1612.48% 350.25%
Depreciation, Depletion And Amortization $2.000M $1.600M
YoY Change 25.0% -5.88%
Cash From Operating Activities $20.20M $21.90M
YoY Change -7.76% -7.2%
INVESTING ACTIVITIES
Capital Expenditures -$1.200M -$1.000M
YoY Change 20.0% -23.08%
Acquisitions
YoY Change
Other Investing Activities -$317.8M -$66.70M
YoY Change 376.46% 79.3%
Cash From Investing Activities -$318.9M -$67.70M
YoY Change 371.05% 75.39%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 571.3M 500.0K
YoY Change 114160.0% -64.29%
NET CHANGE
Cash From Operating Activities 20.20M 21.90M
Cash From Investing Activities -318.9M -67.70M
Cash From Financing Activities 571.3M 500.0K
Net Change In Cash 272.6M -45.30M
YoY Change -701.77% 233.09%
FREE CASH FLOW
Cash From Operating Activities $20.20M $21.90M
Capital Expenditures -$1.200M -$1.000M
Free Cash Flow $21.40M $22.90M
YoY Change -6.55% -8.03%

Facts In Submission

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-602000 USD
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-490000 USD
CY2018Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.736
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.824
CY2017Q3 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
48882000 USD
CY2018Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
43427000 USD
CY2017Q2 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
-236000 USD
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
-683000 USD
CY2018Q2 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
19000 USD
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
25000 USD
CY2018Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
179562000 USD
us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
-962000 USD
CY2017Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
17585000 USD
CY2018Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
37699000 USD
CY2018Q2 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
8600000 USD
CY2018Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
7347000 USD
CY2018Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
11143000 USD
CY2018Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
19965000 USD
CY2018Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
26834000 USD
CY2018Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
29112000 USD
CY2017Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
88900000 USD
CY2018Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
140700000 USD
CY2017Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
71315000 USD
CY2018Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
103001000 USD
CY2017Q3 us-gaap Furniture And Fixtures Gross
FurnitureAndFixturesGross
3253000 USD
CY2018Q2 us-gaap Furniture And Fixtures Gross
FurnitureAndFixturesGross
3979000 USD
CY2017Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
13429000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
40649000 USD
CY2018Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
18170000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
57907000 USD
CY2017Q3 us-gaap Goodwill
Goodwill
141851000 USD
CY2018Q2 us-gaap Goodwill
Goodwill
342469000 USD
CY2018Q2 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
95000 USD
CY2017Q2 us-gaap Gross Profit
GrossProfit
71968000 USD
us-gaap Gross Profit
GrossProfit
198886000 USD
CY2018Q2 us-gaap Gross Profit
GrossProfit
66148000 USD
us-gaap Gross Profit
GrossProfit
207444000 USD
CY2017Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-2934000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-10491000 USD
CY2018Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-28009000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-56519000 USD
CY2017Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-1115000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-4788000 USD
CY2018Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
20613000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
46572000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
2487000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
3786000 USD
us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
546000 USD
us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
4569000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
25745000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
16809000 USD
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
33032000 USD
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
20703000 USD
us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
-3589000 USD
us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
-7237000 USD
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-1085000 USD
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
886000 USD
CY2017Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2018Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2017Q2 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
1800000 USD
us-gaap Lease And Rental Expense
LeaseAndRentalExpense
5000000 USD
CY2018Q2 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
2300000 USD
us-gaap Lease And Rental Expense
LeaseAndRentalExpense
6300000 USD
CY2017Q3 us-gaap Leasehold Improvements Gross
LeaseholdImprovementsGross
8251000 USD
CY2017Q3 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
71315000 USD
CY2018Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
103001000 USD
CY2017Q2 us-gaap Interest Expense
InterestExpense
6000 USD
us-gaap Interest Expense
InterestExpense
6000 USD
CY2018Q2 us-gaap Interest Expense
InterestExpense
2228000 USD
us-gaap Interest Expense
InterestExpense
2239000 USD
CY2018Q2 us-gaap Leasehold Improvements Gross
LeaseholdImprovementsGross
9489000 USD
CY2017Q4 us-gaap Lessee Leasing Arrangements Operating Leases Term Of Contract
LesseeLeasingArrangementsOperatingLeasesTermOfContract
P10Y6M
CY2017Q3 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
0 USD
CY2017Q3 us-gaap Liabilities
Liabilities
185620000 USD
CY2018Q2 us-gaap Liabilities
Liabilities
512666000 USD
CY2017Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1078901000 USD
CY2018Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1832533000 USD
CY2017Q3 us-gaap Liabilities Current
LiabilitiesCurrent
163616000 USD
CY2018Q2 us-gaap Liabilities Current
LiabilitiesCurrent
188694000 USD
CY2017Q2 us-gaap License Costs
LicenseCosts
5208000 USD
us-gaap License Costs
LicenseCosts
10419000 USD
CY2018Q2 us-gaap License Costs
LicenseCosts
9742000 USD
us-gaap License Costs
LicenseCosts
25497000 USD
CY2017Q2 us-gaap Licenses Revenue
LicensesRevenue
58971000 USD
us-gaap Licenses Revenue
LicensesRevenue
161767000 USD
CY2018Q2 us-gaap Licenses Revenue
LicensesRevenue
50359000 USD
us-gaap Licenses Revenue
LicensesRevenue
164673000 USD
CY2017Q4 us-gaap Line Of Credit Facility Capacity Available For Specific Purpose Other Than For Trade Purchases
LineOfCreditFacilityCapacityAvailableForSpecificPurposeOtherThanForTradePurchases
1800000 USD
CY2017Q3 us-gaap Long Term Investments
LongTermInvestments
114585000 USD
CY2018Q2 us-gaap Long Term Investments
LongTermInvestments
164206000 USD
CY2017Q3 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
0 USD
CY2017Q3 us-gaap Loss Contingency Pending Claims Number
LossContingencyPendingClaimsNumber
0 claim
CY2018Q2 us-gaap Loss Contingency Pending Claims Number
LossContingencyPendingClaimsNumber
0 claim
CY2017Q2 us-gaap Maintenance Costs
MaintenanceCosts
3480000 USD
us-gaap Maintenance Costs
MaintenanceCosts
9884000 USD
CY2018Q2 us-gaap Maintenance Costs
MaintenanceCosts
3828000 USD
us-gaap Maintenance Costs
MaintenanceCosts
10888000 USD
CY2017Q2 us-gaap Maintenance Revenue
MaintenanceRevenue
16858000 USD
us-gaap Maintenance Revenue
MaintenanceRevenue
49972000 USD
CY2018Q2 us-gaap Maintenance Revenue
MaintenanceRevenue
18749000 USD
us-gaap Maintenance Revenue
MaintenanceRevenue
56789000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
2457000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
572042000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-96808000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-395242000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
51537000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
36615000 USD
CY2018Q2 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 segment
CY2017Q2 us-gaap Operating Expenses
OperatingExpenses
76307000 USD
us-gaap Operating Expenses
OperatingExpenses
213322000 USD
CY2018Q2 us-gaap Operating Expenses
OperatingExpenses
95335000 USD
us-gaap Operating Expenses
OperatingExpenses
270011000 USD
CY2017Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-4339000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
-14436000 USD
CY2018Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-29187000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
-62567000 USD
CY2018Q2 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
132100000 USD
CY2017Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
20104000 USD
CY2018Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
21704000 USD
CY2017Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
183000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
-654000 USD
CY2018Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
-1522000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
-94000 USD
us-gaap Other Comprehensive Income Loss Before Reclassifications Before Tax
OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax
-1008000 USD
us-gaap Other Comprehensive Income Loss Before Reclassifications Tax
OtherComprehensiveIncomeLossBeforeReclassificationsTax
-291000 USD
CY2017Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
172000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-1125000 USD
CY2018Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-1820000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-802000 USD
CY2017Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
60000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
119000 USD
CY2018Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
100000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
85000 USD
CY2017Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
49000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-352000 USD
CY2018Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-198000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-623000 USD
CY2017Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
-14000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
-289000 USD
CY2018Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
-124000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
-291000 USD
CY2017Q3 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
10075000 USD
CY2018Q2 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
12016000 USD
CY2017Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
2112000 USD
CY2018Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
1121000 USD
CY2017Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
11000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-335000 USD
CY2018Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-356000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
1040000 USD
us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
343761000 USD
us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
535310000 USD
CY2017Q2 us-gaap Profit Loss
ProfitLoss
-1819000 USD
us-gaap Profit Loss
ProfitLoss
-5703000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
220948000 USD
us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
442830000 USD
us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
276686000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
3419000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
1055000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
187590000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
130058000 USD
us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
4677000 USD
us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
0 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
3236000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
4710000 USD
us-gaap Payments To Develop Software
PaymentsToDevelopSoftware
374000 USD
us-gaap Payments To Develop Software
PaymentsToDevelopSoftware
1850000 USD
CY2017Q3 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
26604000 USD
CY2018Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
31229000 USD
us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
0 USD
us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
387239000 USD
CY2018Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
220900000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 USD
CY2018Q2 us-gaap Profit Loss
ProfitLoss
-48622000 USD
us-gaap Profit Loss
ProfitLoss
-103091000 USD
CY2017Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
37832000 USD
CY2018Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
44840000 USD
CY2017Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
14376000 USD
CY2018Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
15929000 USD
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
85000 USD
CY2017Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
34090000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
94865000 USD
CY2018Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
46787000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
126155000 USD
CY2017Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
69055000 USD
CY2018Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
50078000 USD
CY2017Q2 us-gaap Revenues
Revenues
123436000 USD
us-gaap Revenues
Revenues
333184000 USD
CY2018Q2 us-gaap Revenues
Revenues
140469000 USD
us-gaap Revenues
Revenues
412428000 USD
CY2017Q2 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
28788000 USD
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
77808000 USD
CY2018Q2 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
30378000 USD
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
85949000 USD
CY2017Q3 us-gaap Senior Notes
SeniorNotes
0 USD
CY2018Q2 us-gaap Senior Notes
SeniorNotes
302184000 USD
CY2017Q2 us-gaap Share Based Compensation
ShareBasedCompensation
17197000 USD
CY2018Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
21.14
CY2018Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
37883000 USD
CY2017Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
555636 shares
CY2018Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
596750 shares
CY2017Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
22.17
us-gaap Share Based Compensation
ShareBasedCompensation
53661000 USD
CY2018Q2 us-gaap Share Based Compensation
ShareBasedCompensation
23839000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
68494000 USD
CY2018Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
0 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.280
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0144
CY2018Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
468280 shares
CY2018Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
22.48
CY2018Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
6430000 USD
CY2018Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
1970 shares
CY2018Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
137057 shares
CY2017Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
27777000 USD
CY2018Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
37883000 USD
CY2018Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
596750 shares
CY2018Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
21.14
CY2018Q2 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
11.23
CY2017Q3 us-gaap Share Price
SharePrice
72.16
CY2018Q2 us-gaap Share Price
SharePrice
84.62
CY2017Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
17433000 USD
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
54344000 USD
CY2018Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
23820000 USD
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
68469000 USD
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P2Y10M17D
CY2018Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
29099000 USD
CY2017 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P4Y
CY2018Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P4Y6M
CY2018Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1
P3Y6M
CY2018Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P4Y6M
CY2018Q1 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
87.50
CY2017Q3 us-gaap Short Term Investments
ShortTermInvestments
310027000 USD
CY2018Q2 us-gaap Short Term Investments
ShortTermInvestments
518151000 USD
CY2018Q1 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
2628571 shares
CY2018Q2 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
93973 shares
CY2017Q3 us-gaap Stockholders Equity
StockholdersEquity
893281000 USD
CY2018Q2 us-gaap Stockholders Equity
StockholdersEquity
1319867000 USD
CY2017Q2 us-gaap Technology Services Revenue
TechnologyServicesRevenue
47607000 USD
us-gaap Technology Services Revenue
TechnologyServicesRevenue
121445000 USD
CY2018Q2 us-gaap Technology Services Revenue
TechnologyServicesRevenue
71361000 USD
us-gaap Technology Services Revenue
TechnologyServicesRevenue
190966000 USD
CY2018Q2 us-gaap Unrecognized Tax Benefits Period Increase Decrease
UnrecognizedTaxBenefitsPeriodIncreaseDecrease
4200000 USD
CY2018Q2 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
6600000 USD
CY2017Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
74175603 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
73731132 shares
CY2018Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
78777484 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
78246146 shares
CY2017Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
74175603 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
73731132 shares
CY2018Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
78777484 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
78246146 shares
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:18px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Concentration of Credit Risk</font></div><div style="line-height:120%;padding-top:6px;text-align:justify;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Financial instruments that potentially subject the Company to concentrations of credit risk consist of cash, cash equivalents, investments, and accounts receivable. The Company maintains its cash, cash equivalents, and investments with high quality financial institutions. The Company is exposed to credit risk for cash held in financial institutions in the event of a default to the extent that such amounts recorded on the balance sheet are in excess of amounts that are insured by the Federal Deposit Insurance Corporation.</font></div></div>
us-gaap Revenue Recognition Deferred Revenue
RevenueRecognitionDeferredRevenue
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">If reliable estimates of total project costs cannot be made, the zero gross margin or the completed contract method is applied to revenues and direct costs. Under the zero gross margin method, revenues recognized are limited to the direct costs incurred for the professional services.&#160;Under the completed contract method, revenues and direct costs are deferred until the project is complete.&#160;When the zero gross margin method is applied for lack of reliable project estimates and subsequently project estimates become reliable, the Company switches to the percentage-of-completion method, resulting in a cumulative effect adjustment for deferred license revenues to the extent of progress toward completion, and the related portion of the deferred professional service margin is recognized in full as revenues.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></div>
us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:18px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Use of Estimates</font></div><div style="line-height:120%;padding-top:6px;text-align:justify;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of the accompanying condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions about future events that affect the amounts of assets and liabilities reported, disclosures about contingent assets and liabilities, and reported amounts of revenues and expenses. Significant items subject to such estimates include, but are not limited to, revenue recognition, the useful lives of property and equipment and intangible assets, allowance for doubtful accounts, valuation allowance for deferred tax assets, stock-based compensation, annual bonus attainment, income tax uncertainties, convertible senior notes fair value, valuation of goodwill and intangible assets, and contingencies. These estimates and assumptions are based on management&#8217;s best estimates and judgment. Management regularly evaluates its estimates and assumptions using historical experience and other factors; however, actual results could differ from these estimates.</font></div></div>

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0001528396-18-000028.txt Edgar Link pending
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