2017 Q4 Form 10-K Financial Statement

#000113863918000038 Filed on February 28, 2018

View on sec.gov

Income Statement

Concept 2017 Q4 2016 Q4 2016 Q3
Revenue $195.8M $181.0M $185.5M
YoY Change 8.19% -30.39% -20.23%
Cost Of Revenue $148.5M $112.0M $100.9M
YoY Change 32.62% -22.37% -22.22%
Gross Profit $47.29M $69.00M $84.60M
YoY Change -31.47% -40.4% -17.71%
Gross Profit Margin 24.15% 38.12% 45.62%
Selling, General & Admin $46.50M $47.20M $44.61M
YoY Change -1.48% -4.45% 3.54%
% of Gross Profit 98.34% 68.41% 52.72%
Research & Development $55.20M $67.80M $50.86M
YoY Change -18.58% 28.9% 11.85%
% of Gross Profit 116.74% 98.26% 60.11%
Depreciation & Amortization $16.60M $15.70M $15.90M
YoY Change 5.73% 14.6% 72.83%
% of Gross Profit 35.11% 22.75% 18.79%
Operating Expenses $117.8M $114.9M $95.46M
YoY Change 2.52% 12.67% 7.81%
Operating Profit -$70.51M -$45.90M -$10.86M
YoY Change 53.61% -432.87% -176.15%
Interest Expense -$2.800M -$2.500M $3.313M
YoY Change 12.0% -3.85% 9.92%
% of Operating Profit
Other Income/Expense, Net -$4.449M $8.100M -$2.854M
YoY Change -154.93% -502.38% -51.64%
Pretax Income -$74.96M -$40.30M -$13.71M
YoY Change 86.0% -442.22% -264.05%
Income Tax -$971.0K -$4.000M -$2.416M
% Of Pretax Income
Net Earnings -$73.99M -$36.30M -$11.17M
YoY Change 103.82% -387.39% -231.28%
Net Earnings / Revenue -37.78% -20.06% -6.02%
Basic Earnings Per Share -$0.50 -$0.08
Diluted Earnings Per Share -$0.50 -$250.5K -$0.08
COMMON SHARES
Basic Shares Outstanding 149.3M shares 144.6M shares 143.9M shares
Diluted Shares Outstanding 143.9M shares

Balance Sheet

Concept 2017 Q4 2016 Q4 2016 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $263.9M $304.3M $267.6M
YoY Change -13.28% 10.78% -6.86%
Cash & Equivalents $116.3M $162.6M $131.0M
Short-Term Investments $147.6M $141.7M $136.6M
Other Short-Term Assets $43.10M $42.80M $40.20M
YoY Change 0.7% 45.08% 26.42%
Inventory $214.5M $233.0M $231.5M
Prepaid Expenses
Receivables $317.1M $150.4M $152.5M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $647.9M $730.4M $691.9M
YoY Change -11.29% 9.82% 9.72%
LONG-TERM ASSETS
Property, Plant & Equipment $135.9M $124.8M $120.1M
YoY Change 8.93% 12.57% 21.69%
Goodwill $195.6M $176.8M $187.9M
YoY Change 10.67% -7.73% -1.15%
Intangibles $92.19M $108.5M $133.9M
YoY Change -15.01% -30.61% -17.36%
Long-Term Investments $5.100M $47.80M $91.90M
YoY Change -89.33% -47.47% 39.45%
Other Assets $5.262M $3.897M $4.196M
YoY Change 35.03% -2.79% -38.9%
Total Long-Term Assets $469.7M $468.2M $544.6M
YoY Change 0.34% -16.26% 2.94%
TOTAL ASSETS
Total Short-Term Assets $647.9M $730.4M $691.9M
Total Long-Term Assets $469.7M $468.2M $544.6M
Total Assets $1.118B $1.199B $1.236B
YoY Change -6.75% -2.09% 6.63%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $58.12M $62.49M $76.79M
YoY Change -6.98% -32.49% 9.73%
Accrued Expenses $55.43M $31.58M $37.86M
YoY Change 75.51% -6.39% 6.03%
Deferred Revenue $72.42M
YoY Change
Short-Term Debt $144.9M $0.00 $0.00
YoY Change
Long-Term Debt Due $144.9M
YoY Change
Total Short-Term Liabilities $374.7M $216.5M $206.5M
YoY Change 73.03% -8.65% 5.65%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $133.6M $130.9M
YoY Change -100.0% 8.32% 6.25%
Other Long-Term Liabilities $16.28M $18.04M $18.16M
YoY Change -9.74% 11.44% 27.12%
Total Long-Term Liabilities $16.28M $151.6M $149.1M
YoY Change -89.26% 8.68% 8.42%
TOTAL LIABILITIES
Total Short-Term Liabilities $374.7M $216.5M $206.5M
Total Long-Term Liabilities $16.28M $151.6M $149.1M
Total Liabilities $391.0M $368.2M $355.6M
YoY Change 6.19% -2.23% 6.79%
SHAREHOLDERS EQUITY
Retained Earnings -$742.7M -$563.6M -$527.3M
YoY Change 31.78% 4.48% -4.48%
Common Stock $1.417B $1.354B $1.342B
YoY Change 4.65% 4.14% 4.07%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $665.4M $762.3M $808.3M
YoY Change
Total Liabilities & Shareholders Equity $1.118B $1.199B $1.236B
YoY Change -6.75% -2.09% 6.63%

Cashflow Statement

Concept 2017 Q4 2016 Q4 2016 Q3
OPERATING ACTIVITIES
Net Income -$73.99M -$36.30M -$11.17M
YoY Change 103.82% -387.39% -231.28%
Depreciation, Depletion And Amortization $16.60M $15.70M $15.90M
YoY Change 5.73% 14.6% 72.83%
Cash From Operating Activities -$1.000M -$5.000M $5.200M
YoY Change -80.0% -119.38% -84.0%
INVESTING ACTIVITIES
Capital Expenditures -$7.800M -$10.40M -$9.600M
YoY Change -25.0% -32.03% -9.43%
Acquisitions
YoY Change
Other Investing Activities $2.900M $52.70M -$12.00M
YoY Change -94.5% -308.3% -81.54%
Cash From Investing Activities -$4.800M $42.30M -$21.60M
YoY Change -111.35% -204.19% -71.43%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -100.0K 7.000M 9.600M
YoY Change -101.43% 169.23% 47.69%
NET CHANGE
Cash From Operating Activities -1.000M -5.000M 5.200M
Cash From Investing Activities -4.800M 42.30M -21.60M
Cash From Financing Activities -100.0K 7.000M 9.600M
Net Change In Cash -5.900M 44.30M -6.800M
YoY Change -113.32% -463.11% -81.42%
FREE CASH FLOW
Cash From Operating Activities -$1.000M -$5.000M $5.200M
Capital Expenditures -$7.800M -$10.40M -$9.600M
Free Cash Flow $6.800M $5.400M $14.80M
YoY Change 25.93% -86.86% -65.66%

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CY2015 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
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-463000 USD
CY2016 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
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CY2017 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
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0 USD
CY2017Q4 us-gaap Convertible Debt Fair Value Disclosures
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149100000 USD
CY2016Q4 us-gaap Cost Method Investments
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7000000 USD
CY2017Q4 us-gaap Cost Method Investments
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5110000 USD
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436916000 USD
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118062000 USD
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122438000 USD
CY2016Q3 us-gaap Cost Of Goods Sold
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91064000 USD
us-gaap Cost Of Goods Sold
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101702000 USD
CY2016 us-gaap Cost Of Goods Sold
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433266000 USD
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99332000 USD
CY2017Q3 us-gaap Cost Of Goods Sold
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100302000 USD
CY2017Q3 us-gaap Cost Of Goods Sold
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111803000 USD
CY2017Q4 us-gaap Cost Of Goods Sold
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115681000 USD
CY2017 us-gaap Cost Of Goods Sold
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427118000 USD
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483237000 USD
CY2016Q1 us-gaap Cost Of Revenue
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128480000 USD
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135076000 USD
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100850000 USD
us-gaap Cost Of Revenue
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112011000 USD
CY2016 us-gaap Cost Of Revenue
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476417000 USD
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111466000 USD
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111989000 USD
CY2017Q3 us-gaap Cost Of Revenue
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124754000 USD
CY2017Q4 us-gaap Cost Of Revenue
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148530000 USD
CY2017 us-gaap Cost Of Revenue
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496739000 USD
CY2015 us-gaap Cost Of Services
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46321000 USD
CY2016Q1 us-gaap Cost Of Services
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10418000 USD
CY2016Q2 us-gaap Cost Of Services
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12638000 USD
CY2016Q3 us-gaap Cost Of Services
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9786000 USD
us-gaap Cost Of Services
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10309000 USD
CY2016 us-gaap Cost Of Services
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43151000 USD
CY2017Q2 us-gaap Cost Of Services
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12134000 USD
CY2017Q3 us-gaap Cost Of Services
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11687000 USD
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12951000 USD
CY2017Q4 us-gaap Cost Of Services
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13708000 USD
CY2017 us-gaap Cost Of Services
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50480000 USD
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0 USD
CY2016 us-gaap Costmethod Investments Other Than Temporary Impairment
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0 USD
CY2017Q4 us-gaap Costmethod Investments Other Than Temporary Impairment
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1900000 USD
CY2017 us-gaap Costmethod Investments Other Than Temporary Impairment
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1890000 USD
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0 USD
us-gaap Costmethod Investments Realized Gain Loss Excluding Other Than Temporary Impairments
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9000000 USD
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8983000 USD
CY2017 us-gaap Costmethod Investments Realized Gain Loss Excluding Other Than Temporary Impairments
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0 USD
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-235000 USD
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0 USD
CY2016 us-gaap Current Federal Tax Expense Benefit
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32000 USD
CY2017 us-gaap Current Federal Tax Expense Benefit
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0 USD
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3482000 USD
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2288000 USD
CY2017 us-gaap Current Foreign Tax Expense Benefit
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4679000 USD
CY2015 us-gaap Current Income Tax Expense Benefit
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4721000 USD
CY2016 us-gaap Current Income Tax Expense Benefit
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3181000 USD
CY2017 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
4748000 USD
CY2015 us-gaap Current State And Local Tax Expense Benefit
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1239000 USD
CY2016 us-gaap Current State And Local Tax Expense Benefit
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861000 USD
CY2017 us-gaap Current State And Local Tax Expense Benefit
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69000 USD
CY2016Q4 us-gaap Debt Instrument Collateral Amount
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4500000 USD
CY2017Q4 us-gaap Debt Instrument Collateral Amount
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5200000 USD
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0 USD
CY2016 us-gaap Deferred Federal Income Tax Expense Benefit
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0 USD
CY2017 us-gaap Deferred Federal Income Tax Expense Benefit
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0 USD
CY2015 us-gaap Deferred Foreign Income Tax Expense Benefit
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-3640000 USD
CY2016 us-gaap Deferred Foreign Income Tax Expense Benefit
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-7932000 USD
CY2017 us-gaap Deferred Foreign Income Tax Expense Benefit
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-6178000 USD
CY2015 us-gaap Deferred Income Tax Expense Benefit
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-3640000 USD
CY2016 us-gaap Deferred Income Tax Expense Benefit
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-7932000 USD
CY2017 us-gaap Deferred Income Tax Expense Benefit
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33988000 USD
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22760000 USD
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25327000 USD
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21609000 USD
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58900000 USD
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72421000 USD
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19362000 USD
CY2017Q4 us-gaap Deferred Revenue Noncurrent
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22502000 USD
CY2015 us-gaap Deferred State And Local Income Tax Expense Benefit
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0 USD
CY2016 us-gaap Deferred State And Local Income Tax Expense Benefit
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0 USD
CY2017 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
0 USD
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119000 USD
CY2017Q4 us-gaap Deferred Tax Assets Goodwill And Intangible Assets
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3000 USD
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209254000 USD
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206801000 USD
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30449000 USD
CY2017Q4 us-gaap Deferred Tax Assets Inventory
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29197000 USD
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8778000 USD
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1560000 USD
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77670000 USD
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66122000 USD
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1692000 USD
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1919000 USD
CY2016Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Research
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47405000 USD
CY2017Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Research
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74434000 USD
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9412000 USD
CY2017Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
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6325000 USD
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42507000 USD
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28801000 USD
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205241000 USD
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25210000 USD
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21200000 USD
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5653000 USD
CY2017Q4 us-gaap Deferred Tax Liabilities Financing Arrangements
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1191000 USD
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24088000 USD
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20348000 USD
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4008000 USD
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1154000 USD
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239000 USD
CY2017Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
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67000 USD
CY2015 us-gaap Depreciation
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26800000 USD
CY2016 us-gaap Depreciation
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35500000 USD
CY2017 us-gaap Depreciation
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39400000 USD
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35777000 USD
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61489000 USD
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65997000 USD
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3800000 USD
CY2016 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
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-900000 USD
CY2017 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
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0.39
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us-gaap Earnings Per Share Basic
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-1.32
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0.36
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0.08
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0.08
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-0.08
us-gaap Earnings Per Share Diluted
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-0.25
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-0.17
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-0.28
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-0.29
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-0.25
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-0.50
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-1.32
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4100000 USD
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0.021
CY2016 us-gaap Effective Income Tax Rate Continuing Operations
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0.163
CY2017 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.007
CY2015 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.35
CY2016 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.35
CY2017 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.35
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-0.430
CY2016 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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0.059
CY2017 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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-0.268
CY2015 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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0.040
CY2016 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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-0.094
CY2017 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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-0.033
CY2015 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
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0.096
CY2016 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
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-0.223
CY2017 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
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-0.060
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0.000
CY2016 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
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0.004
CY2017 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.000
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0.015
CY2016 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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-0.022
CY2017 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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0.000
CY2015 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
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0.050
CY2016 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
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-0.089
CY2017 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
EffectiveIncomeTaxRateReconciliationTaxCreditsResearch
-0.018
CY2016Q4 us-gaap Employee Related Liabilities Current
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46637000 USD
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45751000 USD
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1000 USD
CY2015 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
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859000 USD
CY2016 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
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0 USD
CY2017 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
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0 USD
CY2016Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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33295000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
63570000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
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27591000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
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10754000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
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7194000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
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19681000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
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26968000 USD
CY2016Q4 us-gaap Finite Lived Intangible Assets Gross
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141484000 USD
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108189000 USD
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92188000 USD
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61640000 USD
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68343000 USD
CY2017 us-gaap General And Administrative Expense
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70625000 USD
CY2016Q4 us-gaap Goodwill
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176760000 USD
CY2017Q4 us-gaap Goodwill
Goodwill
195615000 USD
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18855000 USD
CY2017 us-gaap Goodwill Impairment Loss
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0 USD
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403477000 USD
CY2016Q1 us-gaap Gross Profit
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116338000 USD
CY2016Q2 us-gaap Gross Profit
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123746000 USD
CY2016Q3 us-gaap Gross Profit
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84602000 USD
us-gaap Gross Profit
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69032000 USD
CY2016 us-gaap Gross Profit
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393718000 USD
CY2017Q2 us-gaap Gross Profit
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64056000 USD
CY2017Q3 us-gaap Gross Profit
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64832000 USD
CY2017Q3 us-gaap Gross Profit
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67826000 USD
CY2017Q4 us-gaap Gross Profit
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47286000 USD
CY2017 us-gaap Gross Profit
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244000000 USD
CY2015 us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
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0 USD
CY2016 us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
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11295000 USD
CY2017 us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
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252000 USD
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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52031000 USD
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12024000 USD
CY2016Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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12787000 USD
CY2016Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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-13713000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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-40279000 USD
CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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-29181000 USD
CY2017Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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-40609000 USD
CY2017Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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-43351000 USD
CY2017Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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-37020000 USD
CY2017Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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-74956000 USD
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-195936000 USD
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-195900000 USD
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
6300000 USD
CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
23100000 USD
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
22600000 USD
CY2015 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1081000 USD
CY2016Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
216000 USD
CY2016Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1475000 USD
CY2016Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-2416000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2016 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2016 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2017Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2017Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2017Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
211000 USD
CY2017Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2017 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2017 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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4570000 USD
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17116000 USD
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64095000 USD
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3248000 USD
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5501000 USD
CY2017 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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8194000 USD
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4084000 USD
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0 shares
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11941000 USD
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2625000 USD
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2625000 USD
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2625000 USD
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8600000 USD
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12000000 USD
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P5Y
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15373000 USD
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us-gaap Net Income Loss
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us-gaap Net Income Loss Attributable To Noncontrolling Interest
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0 USD
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0 USD
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0 USD
CY2017Q4 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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0 USD
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us-gaap Nonoperating Income Expense
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us-gaap Operating Expenses
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CY2015 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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5803000 USD
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0 USD
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0 USD
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7000000 USD
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0 USD
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42018000 USD
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43335000 USD
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58041000 USD
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16771000 USD
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471000 USD
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25000000 shares
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0 shares
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0 shares
CY2017Q4 us-gaap Preferred Stock Shares Outstanding
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0 shares
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23483000 USD
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30909000 USD
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67303000 USD
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0 USD
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10531000 USD
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38844000 USD
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40342000 USD
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13670000 USD
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17239000 USD
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16884000 USD
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14985000 USD
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25135000 USD
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18283000 USD
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50950000 USD
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us-gaap Profit Loss
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339840000 USD
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P15D
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200000 USD
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P2Y3M4D
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400000 USD
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-6753000 USD
CY2017 us-gaap Standard Product Warranty Accrual Preexisting Increase Decrease
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-12731000 USD
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0 USD
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12253000 USD
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16411000 USD
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13094000 USD
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4095000 USD
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1525000 USD
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3657000 USD
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481907000 USD
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777061000 USD
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762328000 USD
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0 USD
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500000 USD
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700000 USD
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200000 USD
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200000 USD
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200000 USD
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2891000 USD
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2548000 USD
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2234000 USD
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0 USD
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0 USD
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242000 USD
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688000 USD
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2000 USD
CY2015 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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5686000 shares
CY2016 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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0 shares
CY2017 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
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143171000 shares
CY2016 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
142989000 shares
CY2017 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
147878000 shares
CY2015 us-gaap Weighted Average Number Of Shares Outstanding Basic
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133259000 shares
CY2016 us-gaap Weighted Average Number Of Shares Outstanding Basic
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142989000 shares
CY2017 us-gaap Weighted Average Number Of Shares Outstanding Basic
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147878000 shares
CY2017 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;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;font-style:italic;font-weight:bold;">Concentration of Risk</font></div><div style="line-height:120%;padding-top:6px;text-indent:48px;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">Financial instruments that are potentially subject to concentrations of credit risk consist primarily of cash equivalents, short-term investments, long-term investments and accounts receivable. Investment policies have been implemented that limit investments to investment-grade securities.</font></div><div style="line-height:120%;padding-top:12px;text-indent:48px;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">The risk with respect to accounts receivable is mitigated by ongoing credit evaluations that the Company performs on its customers. As the Company continues to expand its sales internationally, it may experience increased levels of customer credit risk associated with those regions. Collateral is generally not required for accounts receivable but may be used in the future to mitigate credit risk associated with customers located in certain geographical regions.</font></div><div style="line-height:120%;padding-top:12px;text-indent:48px;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">As of December&#160;30, 2017, </font><font style="font-family:Arial;font-size:9pt;">two</font><font style="font-family:Arial;font-size:9pt;"> customers accounted for approximately over 10% of the Company's net accounts receivable balance. One customer accounted for approximately </font><font style="font-family:Arial;font-size:9pt;">11%</font><font style="font-family:Arial;font-size:9pt;"> of the Company's net accounts receivable balance, and another customer, which completed a merger in late 2017, was combination of two of our historically larger customers, accounted for approximately </font><font style="font-family:Arial;font-size:9pt;">16%</font><font style="font-family:Arial;font-size:9pt;"> of the Company's net accounts receivable balance. As of December 31, 2016, </font><font style="font-family:Arial;font-size:9pt;">two</font><font style="font-family:Arial;font-size:9pt;"> customers accounted for approximately </font><font style="font-family:Arial;font-size:9pt;">17%</font><font style="font-family:Arial;font-size:9pt;"> and </font><font style="font-family:Arial;font-size:9pt;">15%</font><font style="font-family:Arial;font-size:9pt;"> of the Company&#8217;s net accounts receivable balance, respectively.</font></div><div style="line-height:120%;padding-top:12px;text-indent:48px;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">To date, a few of the Company&#8217;s customers have accounted for a significant portion of its revenue. </font><font style="font-family:Arial;font-size:9pt;">One</font><font style="font-family:Arial;font-size:9pt;"> customer, which completed a merger in late 2017 as mentioned above, was a combination of two of the Company's historically larger customers who merged in 2017 and accounted for approximately </font><font style="font-family:Arial;font-size:9pt;">18%</font><font style="font-family:Arial;font-size:9pt;"> of the Company's revenue in 2017. These two historically larger customers each individually accounted for approximately </font><font style="font-family:Arial;font-size:9pt;">16%</font><font style="font-family:Arial;font-size:9pt;"> and </font><font style="font-family:Arial;font-size:9pt;">8%</font><font style="font-family:Arial;font-size:9pt;"> of the of the Company's revenue in 2016, respectively, and approximately </font><font style="font-family:Arial;font-size:9pt;">17%</font><font style="font-family:Arial;font-size:9pt;"> and </font><font style="font-family:Arial;font-size:9pt;">13%</font><font style="font-family:Arial;font-size:9pt;"> of the Company's revenue in 2015, respectively. No other customers accounted for over 10% of the Company's revenue for these periods.</font></div><div style="line-height:120%;padding-top:12px;text-indent:48px;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">The Company depends on sole source or limited source suppliers for several key components and raw materials. The Company generally purchases these sole source or limited source components and raw materials through standard purchase orders and does not have long-term contracts with many of these limited-source suppliers. While the Company seeks to maintain sufficient reserve stock of such components and raw materials, the Company&#8217;s business and results of operations could be adversely affected if any of our sole source or limited source suppliers suffer from capacity constraints, lower than expected yields, deployment delays, work stoppages or any other reduction or disruption in output.</font></div></div>
CY2017 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:6px;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;font-style:italic;font-weight:bold;">Use of Estimates</font></div><div style="line-height:120%;padding-top:6px;text-indent:48px;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">The consolidated financial statements are prepared in accordance with U.S. generally accepted accounting principles (&#8220;U.S. GAAP&#8221;). These accounting principles require the Company to make certain estimates, assumptions and judgments that can affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the consolidated financial statements, as well as the reported amounts of revenue and expenses during the periods presented. Significant estimates, assumptions and judgments made by management include revenue recognition, stock-based compensation, inventory valuation, accrued warranty, business combinations and accounting for income taxes. Other estimates, assumptions and judgments made by management include restructuring and other related costs, allowances for sales returns, allowances for doubtful accounts, useful life and recoverability of property, plant and equipment, fair value measurement of the liability component of the convertible senior notes, cost-method investment and derivative instruments. Management believes that the estimates, assumptions and judgments upon which they rely are reasonable based upon information available to them at the time that these estimates and judgments are made. To the extent there are material differences between these estimates and actual results, the Company&#8217;s consolidated financial statements will be affected.</font></div></div>

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