2013 Q4 Form 10-K Financial Statement

#000121070815000006 Filed on February 26, 2015

View on sec.gov

Income Statement

Concept 2013 Q4 2013 Q3 2013 Q2
Revenue $140.0M $139.3M $171.4M
YoY Change -24.03% -25.86% -16.34%
Cost Of Revenue $87.20M $88.80M $110.9M
YoY Change 284.14% -26.13% -13.24%
Gross Profit $52.84M $50.49M $55.11M
YoY Change -21.05% -25.38% -28.5%
Gross Profit Margin 37.74% 36.25% 32.16%
Selling, General & Admin $223.9M $54.61M $63.02M
YoY Change -11.99% -17.34% -14.3%
% of Gross Profit 423.75% 108.17% 114.37%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.580M $1.530M $1.650M
YoY Change -4.24% -8.38% 2.48%
% of Gross Profit 2.99% 3.03% 2.99%
Operating Expenses $56.20M $54.61M $63.02M
YoY Change 35.42% -17.34% -14.3%
Operating Profit -$6.447M -$6.125M -$5.941M
YoY Change -452.1% 282.81% 87.59%
Interest Expense -$100.0K -$146.0K -$155.0K
YoY Change 0.0% -9.32% -17.99%
% of Operating Profit
Other Income/Expense, Net $300.0K $294.0K -$94.00K
YoY Change 200.0% -50.25% -74.53%
Pretax Income -$6.300M -$5.977M -$5.673M
YoY Change 293.75% 410.85% 52.3%
Income Tax $4.000M -$392.0K $138.0K
% Of Pretax Income
Net Earnings -$11.30M -$5.047M -$5.811M
YoY Change 3193.0% 133.12% -1574.87%
Net Earnings / Revenue -8.07% -3.62% -3.39%
Basic Earnings Per Share -$0.35 -$0.15 -$0.18
Diluted Earnings Per Share -$0.35 -$0.15 -$0.18
COMMON SHARES
Basic Shares Outstanding 32.60M shares 32.60M shares 32.72M shares
Diluted Shares Outstanding 32.60M shares 32.60M shares 32.72M shares

Balance Sheet

Concept 2013 Q4 2013 Q3 2013 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $37.40M $33.20M $28.30M
YoY Change -3.36% -4.87% -2.08%
Cash & Equivalents $37.38M $33.24M $28.31M
Short-Term Investments
Other Short-Term Assets $20.50M $10.70M $11.50M
YoY Change 78.26% -17.69% -14.18%
Inventory
Prepaid Expenses
Receivables $76.47M $82.79M $103.6M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $134.3M $142.2M $143.4M
YoY Change -14.67% -12.97% -14.8%
LONG-TERM ASSETS
Property, Plant & Equipment $11.99M $16.39M $16.68M
YoY Change -40.2% -20.96% -21.3%
Goodwill $2.078M $2.056M $2.033M
YoY Change 2.87% 1.78% 1.75%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $5.393M $5.791M $5.704M
YoY Change -12.88% 14.0% 1.71%
Total Long-Term Assets $24.51M $32.68M $31.92M
YoY Change -32.03% -10.25% -16.65%
TOTAL ASSETS
Total Short-Term Assets $134.3M $142.2M $143.4M
Total Long-Term Assets $24.51M $32.68M $31.92M
Total Assets $158.8M $174.9M $175.4M
YoY Change -17.9% -12.47% -15.14%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $8.899M $6.745M $9.144M
YoY Change -4.23% -20.92% -16.83%
Accrued Expenses $51.92M $65.60M $60.30M
YoY Change -7.22% 0.77% -11.06%
Deferred Revenue
YoY Change
Short-Term Debt $476.0K $0.00 $659.0K
YoY Change -54.86%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $69.82M $72.32M $70.10M
YoY Change 3.95% -1.83% -12.68%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $5.421M $6.228M $6.389M
YoY Change -30.97% -8.28% 4.21%
Total Long-Term Liabilities $5.421M $6.228M $6.389M
YoY Change -30.97% -8.28% 4.21%
TOTAL LIABILITIES
Total Short-Term Liabilities $69.82M $72.32M $70.10M
Total Long-Term Liabilities $5.421M $6.228M $6.389M
Total Liabilities $84.44M $89.06M $87.15M
YoY Change -2.86% -4.36% -12.55%
SHAREHOLDERS EQUITY
Retained Earnings -$417.4M -$406.1M -$401.1M
YoY Change 7.85% 0.96% 0.24%
Common Stock $475.5M $475.4M $474.9M
YoY Change 0.44% 0.45% 0.47%
Preferred Stock
YoY Change
Treasury Stock (at cost) $861.0K $853.0K $843.0K
YoY Change 130.83% 170.79% 184.8%
Treasury Stock Shares 129.0K shares 208.0K shares 204.0K shares
Shareholders Equity $74.39M $85.85M $88.21M
YoY Change
Total Liabilities & Shareholders Equity $158.8M $174.9M $175.4M
YoY Change -17.9% -12.47% -15.14%

Cashflow Statement

Concept 2013 Q4 2013 Q3 2013 Q2
OPERATING ACTIVITIES
Net Income -$11.30M -$5.047M -$5.811M
YoY Change 3193.0% 133.12% -1574.87%
Depreciation, Depletion And Amortization $1.580M $1.530M $1.650M
YoY Change -4.24% -8.38% 2.48%
Cash From Operating Activities $4.080M $5.630M -$3.430M
YoY Change -4.23% -29.09% -141.83%
INVESTING ACTIVITIES
Capital Expenditures -$390.0K -$750.0K -$470.0K
YoY Change -54.65% -18.48% -90.71%
Acquisitions
YoY Change
Other Investing Activities $0.00
YoY Change -100.0%
Cash From Investing Activities -$390.0K -$750.0K -$470.0K
YoY Change -18.75% -18.48% -90.71%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 350.0K -810.0K 430.0K
YoY Change -318.75% -48.08% -68.61%
NET CHANGE
Cash From Operating Activities 4.080M 5.630M -3.430M
Cash From Investing Activities -390.0K -750.0K -470.0K
Cash From Financing Activities 350.0K -810.0K 430.0K
Net Change In Cash 4.040M 4.070M -3.470M
YoY Change 11.6% -25.46% -176.94%
FREE CASH FLOW
Cash From Operating Activities $4.080M $5.630M -$3.430M
Capital Expenditures -$390.0K -$750.0K -$470.0K
Free Cash Flow $4.470M $6.380M -$2.960M
YoY Change -12.7% -27.99% -122.32%

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79000 USD
CY2014 us-gaap Current Foreign Tax Expense Benefit
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205000 USD
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CY2013 us-gaap Current Income Tax Expense Benefit
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124000 USD
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126000 USD
CY2014 us-gaap Current State And Local Tax Expense Benefit
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CY2014 us-gaap Deferred Federal Income Tax Expense Benefit
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3140000 USD
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3140000 USD
CY2014 us-gaap Deferred Income Tax Expense Benefit
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CY2014 us-gaap Deferred State And Local Income Tax Expense Benefit
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10990000 USD
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7825000 USD
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3230000 USD
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1444000 USD
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1635000 USD
CY2014Q4 us-gaap Deferred Revenue
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4493000 USD
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155951000 USD
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635000 USD
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483000 USD
CY2014 us-gaap Defined Contribution Plan Cost Recognized
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385000 USD
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0.03
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5559000 USD
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346000 USD
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1425000 USD
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530000 USD
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2121000 USD
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0 USD
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27072000 USD
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20442000 USD
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1835000 USD
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CY2012 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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738000 USD
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CY2014 us-gaap Effective Income Tax Rate Continuing Operations
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0.120
CY2012 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.35
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0.35
CY2014 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.35
CY2012 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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105000 USD
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130000 USD
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98000 USD
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11333000 USD
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558000 USD
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0 USD
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11333000 USD
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48131000 USD
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2020000 USD
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58000 USD
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CY2014 us-gaap Gross Profit
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CY2013 us-gaap Income Loss From Continuing Operations
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CY2014 us-gaap Income Loss From Continuing Operations
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CY2012 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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-2322000 USD
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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-8009000 USD
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CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
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CY2013 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
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CY2014 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
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CY2012 us-gaap Income Loss From Discontinued Operations Net Of Tax
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1887000 USD
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CY2014 us-gaap Income Loss From Discontinued Operations Net Of Tax
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2592000 USD
CY2012 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
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1887000 USD
CY2013 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
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CY2014 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
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2592000 USD
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0.05
CY2013 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share
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CY2013Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share
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0.00
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0.01
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0.02
CY2013Q4 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share
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CY2014Q4 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share
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0.19
CY2014 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share
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0.08
CY2012 us-gaap Income Tax Expense Benefit
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CY2013 us-gaap Income Tax Expense Benefit
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3264000 USD
CY2014 us-gaap Income Tax Expense Benefit
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2545000 USD
CY2013 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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7949000 USD
CY2014 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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-3427000 USD
CY2012 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
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-2646000 USD
CY2013 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
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949000 USD
CY2014 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
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5628000 USD
CY2012 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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-3616000 USD
CY2013 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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-9431000 USD
CY2014 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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-6281000 USD
CY2012 us-gaap Income Tax Reconciliation Nondeductible Expense Other
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2751000 USD
CY2013 us-gaap Income Tax Reconciliation Nondeductible Expense Other
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3799000 USD
CY2014 us-gaap Income Tax Reconciliation Nondeductible Expense Other
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2278000 USD
CY2012 us-gaap Income Tax Reconciliation State And Local Income Taxes
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-2143000 USD
CY2013 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-2000 USD
CY2014 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-357000 USD
CY2012 us-gaap Income Taxes Paid Net
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2985000 USD
CY2013 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
1047000 USD
CY2014 us-gaap Income Taxes Paid Net
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970000 USD
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-22452000 USD
CY2013 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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-2100000 USD
CY2014 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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4213000 USD
CY2012 us-gaap Increase Decrease In Accounts Receivable
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-27144000 USD
CY2013 us-gaap Increase Decrease In Accounts Receivable
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-19442000 USD
CY2014 us-gaap Increase Decrease In Accounts Receivable
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7117000 USD
CY2012 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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-3448000 USD
CY2013 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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-1227000 USD
CY2014 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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1731000 USD
CY2012 us-gaap Increase Decrease In Restructuring Reserve
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1878000 USD
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0 shares
CY2013 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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0 shares
CY2014 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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CY2013 us-gaap Interest Income Expense Nonoperating Net
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CY2014 us-gaap Interest Income Expense Nonoperating Net
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333000 USD
CY2013 us-gaap Interest Paid
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235000 USD
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5251000 USD
CY2014Q4 us-gaap Liabilities Of Disposal Group Including Discontinued Operation Current
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3512000 USD
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3872000 USD
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CY2014 us-gaap Labor And Related Expense
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CY2014Q4 us-gaap Liabilities
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CY2014Q4 us-gaap Liabilities And Stockholders Equity
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5251000 USD
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3512000 USD
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4584000 USD
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745000 USD
CY2014Q4 us-gaap Loss Contingency Accrual At Carrying Value
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376000 USD
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5876000 USD
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4722000 USD
CY2014 us-gaap Marketing And Advertising Expense
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5472000 USD
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CY2014 us-gaap Net Cash Provided By Used In Investing Activities
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16731000 USD
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13159000 USD
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2513000 USD
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2743000 USD
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1221000 USD
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5263000 USD
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19556000 USD
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18 Country
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3 Segment
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267887000 USD
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236581000 USD
CY2014 us-gaap Operating Expenses
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240331000 USD
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CY2013 us-gaap Operating Income Loss
OperatingIncomeLoss
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OperatingIncomeLoss
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19221000 USD
CY2014Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
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7813000 USD
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10621000 USD
CY2014Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
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11806000 USD
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16563000 USD
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2034-12-31
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6952000 USD
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6585000 USD
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5393000 USD
CY2012 us-gaap Other Comprehensive Income Defined Benefit Plan Net Prior Service Costs Credit Arising During Period Net Of Tax
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290000 USD
CY2013 us-gaap Other Comprehensive Income Defined Benefit Plan Net Prior Service Costs Credit Arising During Period Net Of Tax
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-260000 USD
CY2014 us-gaap Other Comprehensive Income Defined Benefit Plan Net Prior Service Costs Credit Arising During Period Net Of Tax
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-158000 USD
CY2012 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
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CY2013 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
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260000 USD
CY2014 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
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158000 USD
CY2012 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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2169000 USD
CY2013 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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-3623000 USD
CY2014 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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-3718000 USD
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1879000 USD
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CY2013 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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63000 USD
CY2014 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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0 USD
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5421000 USD
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5002000 USD
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0 shares
CY2012Q4 us-gaap Preferred Stock Shares Issued
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0 shares
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0 shares
CY2012Q4 us-gaap Preferred Stock Shares Outstanding
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0 shares
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CY2013 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
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CY2014 us-gaap Other Noncash Income Expense
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OtherNonoperatingIncomeExpense
324000 USD
CY2014 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
202000 USD
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0 USD
CY2013 us-gaap Other Postretirement Benefits Payments
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651000 USD
CY2014 us-gaap Other Postretirement Benefits Payments
OtherPostretirementBenefitsPayments
0 USD
CY2014 us-gaap Payments For Restructuring
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3771000 USD
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0 USD
CY2013 us-gaap Payments Of Financing Costs
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0 USD
CY2014 us-gaap Payments Of Financing Costs
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454000 USD
CY2012 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
600000 USD
CY2013 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
488000 USD
CY2014 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
138000 USD
CY2012 us-gaap Payments To Acquire Productive Assets
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8647000 USD
CY2013 us-gaap Payments To Acquire Productive Assets
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2557000 USD
CY2014 us-gaap Payments To Acquire Productive Assets
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5346000 USD
CY2013Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
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0.001
CY2012Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
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0.001
CY2013Q4 us-gaap Preferred Stock Shares Authorized
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10000000 shares
CY2012Q4 us-gaap Preferred Stock Shares Authorized
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10000000 shares
CY2013Q4 us-gaap Preferred Stock Value
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0 USD
CY2014Q4 us-gaap Preferred Stock Value
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0 USD
CY2013Q4 us-gaap Prepaid Expense And Other Assets Current
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7960000 USD
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9604000 USD
CY2014 us-gaap Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
23000000 USD
CY2012 us-gaap Proceeds From Sale Of Productive Assets
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375000 USD
CY2013 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
0 USD
CY2014 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
22077000 USD
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74534000 USD
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17314000 USD
CY2014 us-gaap Proceeds From Short Term Debt
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133030000 USD
CY2013Q4 us-gaap Property Plant And Equipment Gross
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55830000 USD
CY2014Q4 us-gaap Property Plant And Equipment Gross
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60754000 USD
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11989000 USD
CY2014Q4 us-gaap Property Plant And Equipment Net
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9840000 USD
CY2012 us-gaap Provision For Doubtful Accounts
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-149000 USD
CY2013 us-gaap Provision For Doubtful Accounts
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-13000 USD
CY2014 us-gaap Provision For Doubtful Accounts
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97000 USD
CY2012 us-gaap Repayments Of Long Term Capital Lease Obligations
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443000 USD
CY2013Q4 us-gaap Sales Revenue Services Net
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139999000 USD
CY2013 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
562572000 USD
CY2014 us-gaap Stock Issued During Period Value Share Based Compensation
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1325000 USD
CY2014Q1 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
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CY2014Q2 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
151070000 USD
CY2014Q3 us-gaap Sales Revenue Services Net
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149278000 USD
CY2014Q4 us-gaap Sales Revenue Services Net
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136677000 USD
CY2012 us-gaap Repayments Of Short Term Debt
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CY2013 us-gaap Repayments Of Short Term Debt
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16856000 USD
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133194000 USD
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2047000 USD
CY2014 us-gaap Sales Revenue Services Net
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581192000 USD
CY2014Q4 us-gaap Restricted Cash And Cash Equivalents
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1595000 USD
CY2012 us-gaap Share Based Compensation
ShareBasedCompensation
2574000 USD
CY2013Q4 us-gaap Stockholders Equity
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74385000 USD
CY2014Q4 us-gaap Stockholders Equity
StockholdersEquity
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CY2012Q4 us-gaap Stockholders Equity
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106541000 USD
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3015000 USD
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774000 USD
CY2013 us-gaap Share Based Compensation
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2090000 USD
CY2014Q4 us-gaap Significant Change In Unrecognized Tax Benefits Is Reasonably Possible Estimated Range Of Change Upper Bound
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700000 USD
CY2012 us-gaap Stock Issued During Period Shares Employee Benefit Plan
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CY2013Q4 us-gaap Restructuring Reserve
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CY2014 us-gaap Share Based Compensation
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P5Y
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
2053785 shares
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
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567900 shares
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
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0 USD
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
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0 USD
CY2013Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
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0 USD
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0 shares
CY2014 us-gaap Stock Issued During Period Shares Employee Benefit Plan
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CY2014Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
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0 USD
CY2012 us-gaap Stock Issued During Period Value Employee Benefit Plan
StockIssuedDuringPeriodValueEmployeeBenefitPlan
666000 USD
CY2014 us-gaap Stock Issued During Period Value Employee Benefit Plan
StockIssuedDuringPeriodValueEmployeeBenefitPlan
430000 USD
CY2012 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
2574000 USD
CY2013 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
2090000 USD
CY2013Q4 us-gaap Restructuring Reserve Current
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3275000 USD
CY2014Q4 us-gaap Restructuring Reserve Current
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3169000 USD
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CY2014Q4 us-gaap Retained Earnings Accumulated Deficit
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CY2012 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
655875000 USD
CY2013Q1 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
137903000 USD
CY2013Q2 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
145383000 USD
CY2013Q3 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
139287000 USD
CY2013 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P4Y0M13D
CY2014 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P4Y0M13D
CY2013 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P4Y10M19D
CY2014 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P4Y0M13D
CY2013Q4 us-gaap Short Term Borrowings
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476000 USD
CY2014Q4 us-gaap Short Term Borrowings
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0 USD
CY2014Q4 us-gaap Significant Change In Unrecognized Tax Benefits Is Reasonably Possible Estimated Range Of Change Lower Bound
SignificantChangeInUnrecognizedTaxBenefitsIsReasonablyPossibleEstimatedRangeOfChangeLowerBound
400000 USD
CY2012Q4 us-gaap Treasury Stock Shares
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211000 shares
CY2013Q4 us-gaap Treasury Stock Value
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861000 USD
CY2014Q4 us-gaap Treasury Stock Value
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463000 USD
CY2013Q4 us-gaap Unrecognized Tax Benefits
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3086000 USD
CY2014Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
2634000 USD
CY2014 us-gaap Unrecognized Tax Benefits Decreases Resulting From Foreign Currency Translation
UnrecognizedTaxBenefitsDecreasesResultingFromForeignCurrencyTranslation
181000 USD
CY2014 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
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0 USD
CY2014 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
0 USD
CY2013Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
10677000 USD
CY2014Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
8492000 USD
CY2013Q4 us-gaap Treasury Stock Shares
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129000 shares
CY2013Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
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786000 USD
CY2014 us-gaap Weighted Average Number Of Shares Outstanding Basic
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32843000 shares
CY2014Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
554000 USD
CY2012 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
-909000 USD
CY2013 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
108000 USD
CY2014 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
-150000 USD
CY2014 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
160000 USD
CY2014 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
0 USD
CY2014 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
431000 USD
CY2013Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
3872000 USD
CY2014Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
2397000 USD
CY2012 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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32600000 shares
CY2013 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
32493000 shares
CY2014 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
32843000 shares
CY2012 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
32600000 shares
CY2013Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
32344000 shares
CY2013Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
32717000 shares
CY2013Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
32600000 shares
CY2013Q4 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
32600000 shares
CY2013 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
32493000 shares
CY2014Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
32641000 shares
CY2014Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
32752000 shares
CY2014Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
32910000 shares
CY2014Q4 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
32995000 shares
CY2014 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
32843000 shares
CY2012 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
32600000 shares
CY2013 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
32493000 shares
CY2014 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Nature of Business and Credit Risk</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company's revenue is earned from professional placement services, mid-level employee professional staffing and temporary contracting services and human capital services. These services are provided to a large number of customers in many different industries. The Company operates throughout North America, the United Kingdom, Continental Europe, Australia, New Zealand and Asia. During </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2014</font><font style="font-family:inherit;font-size:10pt;">, no single client accounted for more than 10% of the Company's total revenue. As of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2014</font><font style="font-family:inherit;font-size:10pt;">, no single client accounted for more than 10% of the Company's outstanding accounts receivable. </font></div><div style="line-height:120%;text-align:left;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Financial instruments, which potentially subject the Company to concentrations of credit risk, are primarily cash and accounts receivable. The Company performs continuing credit evaluations of its customers and does not require collateral. The Company has not experienced significant losses related to receivables.</font></div></div>
CY2014 us-gaap Nature Of Operations
NatureOfOperations
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">DESCRIPTION OF BUSINESS</font></div><div style="line-height:120%;padding-top:12px;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Hudson Global, Inc. and its subsidiaries (the &#8220;Company&#8221;) are comprised of the operations, assets and liabilities of the three Hudson regional businesses of Hudson Americas, Hudson Asia Pacific, and Hudson Europe (&#8220;Hudson regional businesses&#8221; or &#8220;Hudson&#8221;). The Company provides specialized professional-level recruitment and related talent solutions worldwide. The Company&#8217;s core service offerings include Permanent Recruitment, Temporary Contracting, Recruitment Process Outsourcing (&#8220;RPO&#8221;) and Talent Management Solutions. As of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2014</font><font style="font-family:inherit;font-size:10pt;">, the Company had approximately </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">1,800</font><font style="font-family:inherit;font-size:10pt;"> employees operating in </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">18</font><font style="font-family:inherit;font-size:10pt;"> countries with </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">three</font><font style="font-family:inherit;font-size:10pt;"> reportable geographic business segments: Hudson Americas, Hudson Asia Pacific, and Hudson Europe.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company&#8217;s core service offerings include those services described below.</font></div><div style="line-height:120%;padding-top:17px;text-align:left;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Permanent Recruitment:</font><font style="font-family:inherit;font-size:10pt;"> Offered on both a retained and contingent basis, Hudson&#8217;s Permanent Recruitment services leverage its consultants, psychologists and other professionals in the development and delivery of its proprietary methods to identify, select and engage the best-fit talent for critical client roles.</font></div><div style="line-height:120%;padding-top:17px;text-align:left;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Temporary Contracting:</font><font style="font-family:inherit;font-size:10pt;"> In Temporary Contracting, Hudson provides a range of project management, interim management and professional contract staffing services. These services draw upon a combination of specialized recruiting and project management competencies to deliver a wide range of solutions. Hudson-employed professionals - either individually or as a team - are placed with client organizations for a defined period of time based on a client's specific business need.</font></div><div style="line-height:120%;padding-top:17px;text-align:left;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">RPO:</font><font style="font-family:inherit;font-size:10pt;"> Hudson RPO delivers both permanent recruitment and temporary contracting outsourced recruitment solutions tailored to the individual needs of primarily mid-to-large-cap multinational companies. Hudson RPO's delivery teams utilize state-of-the-art recruitment process methodologies and project management expertise in their flexible, turnkey solutions to meet clients' ongoing business needs. Hudson RPO services include complete recruitment outsourcing, project-based outsourcing, contingent workforce solutions and recruitment consulting.</font></div><div style="line-height:120%;padding-top:17px;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Talent Management Solutions:</font><font style="font-family:inherit;font-size:10pt;"> Featuring embedded proprietary talent assessment and selection methodologies, Hudson&#8217;s Talent Management capability encompasses services such as talent assessment (utilizing a variety of competency, attitude and experiential testing), interview training, executive coaching, employee development and outplacement.</font></div></div>
CY2014 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Use of Estimates</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions about future events. These estimates and the underlying assumptions affect the reported amounts of assets and liabilities, the disclosures about contingent assets and liabilities, and the reported amounts of revenue and expenses. Such estimates include the value of allowances for doubtful accounts, insurance recovery receivable, goodwill, intangible assets, and other long-lived assets, legal reserve and provision, estimated self-insured liabilities, assumptions used in the fair value of stock-based compensation and the valuation of deferred tax assets. These estimates and assumptions are based on management's best estimates and judgment. Management evaluates the estimates and assumptions on an ongoing basis using historical experience and other factors, including the current economic environment, which management believes to be reasonable under the circumstances. The Company adjusts such estimates and assumptions when facts and circumstances dictate. As future events and their effects cannot be determined with precision, actual results could differ significantly from those estimates. </font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Instability in the global credit markets, the instability in the geopolitical environment in many parts of the world and other factors may continue to put pressure on global economic conditions and may in turn impact the aforementioned estimates and assumptions. </font></div></div>

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