$IPGP
IPG PHOTONICS CORP

2020 Q1 Form 10-Q Financial Statement

#000111192820000074 Filed on May 05, 2020

View on sec.gov

Income Statement

Concept 2020 Q1 2019 Q1
Revenue $249.2M $315.0M
YoY Change -20.89% -12.45%
Cost Of Revenue $146.4M $166.1M
YoY Change -11.9% 6.16%
Gross Profit $102.9M $148.9M
YoY Change -30.91% -26.78%
Gross Profit Margin 41.28% 47.27%
Selling, General & Admin $45.81M $46.49M
YoY Change -1.46% 19.16%
% of Gross Profit 44.53% 31.22%
Research & Development $31.84M $32.50M
YoY Change -2.02% 13.84%
% of Gross Profit 30.95% 21.82%
Depreciation & Amortization $24.10M $22.80M
YoY Change 5.69% 18.62%
% of Gross Profit 23.43% 15.31%
Operating Expenses $58.08M $80.60M
YoY Change -27.94% 29.45%
Operating Profit $44.80M $68.32M
YoY Change -34.43% -51.58%
Interest Expense $3.073M $3.952M
YoY Change -22.24% 1170.74%
% of Operating Profit 6.86% 5.78%
Other Income/Expense, Net $3.264M $3.943M
YoY Change -17.22% 422.94%
Pretax Income $48.06M $72.26M
YoY Change -33.49% -49.06%
Income Tax $11.29M $17.34M
% Of Pretax Income 23.5% 24.0%
Net Earnings $36.40M $55.16M
YoY Change -34.0% -48.13%
Net Earnings / Revenue 14.61% 17.51%
Basic Earnings Per Share $0.69 $1.04
Diluted Earnings Per Share $0.68 $1.02
COMMON SHARES
Basic Shares Outstanding 53.08M shares 53.00M shares
Diluted Shares Outstanding 53.68M shares 53.87M shares

Balance Sheet

Concept 2020 Q1 2019 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.195B $1.030B
YoY Change 16.02% -12.4%
Cash & Equivalents $570.1M $548.9M
Short-Term Investments $625.1M $481.1M
Other Short-Term Assets $115.4M $112.4M
YoY Change 2.67% 15.76%
Inventory $363.4M $417.8M
Prepaid Expenses
Receivables $238.3M $231.9M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.875B $1.792B
YoY Change 4.6% -3.9%
LONG-TERM ASSETS
Property, Plant & Equipment $581.0M $570.8M
YoY Change 1.79% 17.95%
Goodwill $81.63M $110.3M
YoY Change -26.03% 98.1%
Intangibles $70.83M $93.28M
YoY Change -24.07% 89.27%
Long-Term Investments
YoY Change
Other Assets $39.37M $38.40M
YoY Change 2.53% 99.09%
Total Long-Term Assets $805.6M $836.6M
YoY Change -3.71% 32.15%
TOTAL ASSETS
Total Short-Term Assets $1.875B $1.792B
Total Long-Term Assets $805.6M $836.6M
Total Assets $2.680B $2.629B
YoY Change 1.96% 5.23%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $39.65M $39.97M
YoY Change -0.81% 19.78%
Accrued Expenses $148.7M $159.9M
YoY Change -7.04% 17.81%
Deferred Revenue $62.50M $55.24M
YoY Change 13.15% 9.73%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $3.757M $3.688M
YoY Change 1.87% 1.85%
Total Short-Term Liabilities $195.4M $209.8M
YoY Change -6.86% 7.29%
LONG-TERM LIABILITIES
Long-Term Debt $37.02M $40.78M
YoY Change -9.21% -8.29%
Other Long-Term Liabilities $19.20M
YoY Change
Total Long-Term Liabilities $37.02M $40.78M
YoY Change -9.21% -8.29%
TOTAL LIABILITIES
Total Short-Term Liabilities $195.4M $209.8M
Total Long-Term Liabilities $37.02M $40.78M
Total Liabilities $324.2M $360.4M
YoY Change -10.06% 2.21%
SHAREHOLDERS EQUITY
Retained Earnings $2.029B $1.904B
YoY Change 6.56% 31.79%
Common Stock $788.6M $746.9M
YoY Change 5.58% 4.57%
Preferred Stock
YoY Change
Treasury Stock (at cost) $278.4M $225.0M
YoY Change 23.75% 226.07%
Treasury Stock Shares 1.841M shares 1.430M shares
Shareholders Equity $2.355B $2.268B
YoY Change
Total Liabilities & Shareholders Equity $2.680B $2.629B
YoY Change 1.96% 5.23%

Cashflow Statement

Concept 2020 Q1 2019 Q1
OPERATING ACTIVITIES
Net Income $36.40M $55.16M
YoY Change -34.0% -48.13%
Depreciation, Depletion And Amortization $24.10M $22.80M
YoY Change 5.69% 18.62%
Cash From Operating Activities $56.78M $43.66M
YoY Change 30.07% -56.19%
INVESTING ACTIVITIES
Capital Expenditures $17.80M $32.99M
YoY Change -46.04% -15.66%
Acquisitions $0.00 $15.12M
YoY Change -100.0%
Other Investing Activities -$79.00K -$15.00K
YoY Change 426.67% -80.26%
Cash From Investing Activities -$139.8M -$23.15M
YoY Change 503.64% -41.3%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $12.72M $0.00
YoY Change -100.0%
Debt Paid & Issued, Net $928.0K $911.0K
YoY Change 1.87% 1.79%
Cash From Financing Activities -$20.79M -$7.060M
YoY Change 194.5% -60.45%
NET CHANGE
Cash From Operating Activities $56.78M $43.66M
Cash From Investing Activities -$139.8M -$23.15M
Cash From Financing Activities -$20.79M -$7.060M
Net Change In Cash -$110.6M $7.446M
YoY Change -1585.94% -82.42%
FREE CASH FLOW
Cash From Operating Activities $56.78M $43.66M
Capital Expenditures $17.80M $32.99M
Free Cash Flow $38.98M $10.67M
YoY Change 265.43% -82.38%

Facts In Submission

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-21012000 USD
CY2019Q1 us-gaap Increase Decrease In Accrued Income Taxes Payable
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CY2019Q1 us-gaap Net Cash Provided By Used In Operating Activities
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43655000 USD
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17801000 USD
CY2019Q1 us-gaap Payments To Acquire Property Plant And Equipment
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32988000 USD
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ProceedsFromSaleOfPropertyPlantAndEquipment
139000 USD
CY2019Q1 us-gaap Proceeds From Sale Of Property Plant And Equipment
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181000 USD
CY2020Q1 us-gaap Payments To Acquire Investments
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308195000 USD
CY2019Q1 us-gaap Payments To Acquire Investments
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178101000 USD
CY2020Q1 us-gaap Proceeds From Sale Of Short Term Investments
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186024000 USD
CY2019Q1 us-gaap Proceeds From Sale Of Short Term Investments
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202856000 USD
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0 USD
CY2019Q1 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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15115000 USD
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CY2019Q1 us-gaap Payments For Proceeds From Other Investing Activities
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-139754000 USD
CY2019Q1 us-gaap Net Cash Provided By Used In Investing Activities
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928000 USD
CY2019Q1 us-gaap Repayments Of Long Term Debt
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911000 USD
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CY2019Q1 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
-6149000 USD
CY2020Q1 us-gaap Payments For Repurchase Of Common Stock
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12716000 USD
CY2019Q1 us-gaap Payments For Repurchase Of Common Stock
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0 USD
CY2020Q1 us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
1650000 USD
CY2019Q1 us-gaap Payment For Contingent Consideration Liability Financing Activities
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0 USD
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-20792000 USD
CY2019Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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-6878000 USD
CY2019Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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-5997000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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-110643000 USD
CY2019Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
7446000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
682984000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
544358000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
572341000 USD
CY2019Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
551804000 USD
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InterestPaidNet
447000 USD
CY2019Q1 us-gaap Interest Paid Net
InterestPaidNet
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29865000 USD
CY2019Q1 us-gaap Income Taxes Paid Net
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51438000 USD
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1086000 USD
CY2019Q1 ipgp Demonstration Units Transferred From Inventory To Other Assets
DemonstrationUnitsTransferredFromInventoryToOtherAssets
3184000 USD
CY2020Q1 ipgp Inventory Transferred To Property Plant And Equipment
InventoryTransferredToPropertyPlantAndEquipment
1294000 USD
CY2019Q1 ipgp Inventory Transferred To Property Plant And Equipment
InventoryTransferredToPropertyPlantAndEquipment
1506000 USD
CY2020Q1 ipgp Change In Capital Expenditures Incurred But Not Yet Paid
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6983000 USD
CY2019Q1 ipgp Change In Capital Expenditures Incurred But Not Yet Paid
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1817000 USD
CY2020Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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830000 USD
CY2019Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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6355000 USD
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CY2019Q1 ipgp Stock Issued During Period Value Options And Equity Instruments Other Than Options Exercised
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CY2019Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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8138000 USD
CY2019Q1 us-gaap Profit Loss
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54916000 USD
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5161000 USD
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CY2019Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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2268288000 USD
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2402443000 USD
CY2020Q1 ipgp Stock Issued During Period Value Options And Equity Instruments Other Than Options Exercised
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CY2020Q1 us-gaap Stock Repurchased During Period Value
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12716000 USD
CY2020Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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8430000 USD
CY2020Q1 us-gaap Cumulative Effect Of New Accounting Principle In Period Of Adoption
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CY2020Q1 us-gaap Profit Loss
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36766000 USD
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CY2020Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
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36000 USD
CY2020Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2355930000 USD
CY2019Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
2547000 USD
CY2018Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
1799000 USD
CY2020Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-187000 USD
CY2019Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
518000 USD
CY2020Q1 ipgp Allowance For Doubtful Accounts Receivable Foreign Currency Translation
AllowanceForDoubtfulAccountsReceivableForeignCurrencyTranslation
225000 USD
CY2019Q1 ipgp Allowance For Doubtful Accounts Receivable Foreign Currency Translation
AllowanceForDoubtfulAccountsReceivableForeignCurrencyTranslation
21000 USD
CY2020Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
2135000 USD
CY2019Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
2296000 USD
CY2019Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
238479000 USD
CY2020Q1 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
238331000 USD
CY2019Q4 us-gaap Deferred Income Tax Assets Net
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31395000 USD
CY2020Q1 us-gaap Deferred Income Tax Assets Net
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31428000 USD
CY2019Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
2028734000 USD
CY2020Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
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CY2020Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
249242000 USD
CY2019Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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CY2020Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
249242000 USD
CY2019Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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CY2020Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
249242000 USD
CY2019Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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CY2020Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
249242000 USD
CY2019Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
315047000 USD
CY2020Q1 us-gaap Contract With Customer Asset Net Current
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8646000 USD
CY2019Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
9645000 USD
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ContractWithCustomerAssetNetCurrent
5587000 USD
CY2018Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
10102000 USD
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62499000 USD
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ContractWithCustomerLiabilityCurrent
59531000 USD
CY2020Q1 ipgp Increase Decrease In Contract With Customer Liability Current
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2968000 USD
CY2019Q1 us-gaap Contract With Customer Liability Current
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55237000 USD
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ContractWithCustomerLiabilityCurrent
52606000 USD
CY2019Q1 ipgp Increase Decrease In Contract With Customer Liability Current
IncreaseDecreaseInContractWithCustomerLiabilityCurrent
2631000 USD
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2377000 USD
CY2019Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
1820000 USD
CY2020Q1 ipgp Increase Decrease In Contract With Customer Liability Non Current
IncreaseDecreaseInContractWithCustomerLiabilityNonCurrent
557000 USD
CY2019Q1 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
1649000 USD
CY2018Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
1413000 USD
CY2019Q1 ipgp Increase Decrease In Contract With Customer Liability Non Current
IncreaseDecreaseInContractWithCustomerLiabilityNonCurrent
236000 USD
CY2020Q1 us-gaap Contract With Customer Liability Revenue Recognized
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14995000 USD
CY2019Q1 us-gaap Contract With Customer Liability Revenue Recognized
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25160000 USD
CY2020Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
23055000 USD
CY2020Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
8289000 USD
CY2020Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
710000 USD
CY2020Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
474000 USD
CY2020Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
207000 USD
CY2020Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
41000 USD
CY2020Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
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CY2020Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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CY2019Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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CY2018Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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2283000 USD
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RestrictedCashCurrent
0 USD
CY2019Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
0 USD
CY2018Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
0 USD
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RestrictedCashNoncurrent
0 USD
CY2019Q1 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
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CY2019Q4 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
2914000 USD
CY2018Q4 us-gaap Restricted Cash Noncurrent
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
572341000 USD
CY2019Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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544358000 USD
CY2020Q1 us-gaap Assets Fair Value Disclosure
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CY2019Q4 us-gaap Long Term Debt Fair Value
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CY2019Q4 ipgp Contingent Purchase Consideration Fair Value Disclosure
ContingentPurchaseConsiderationFairValueDisclosure
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42277000 USD
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40156000 USD
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CY2020Q1 us-gaap Held To Maturity Securities Debt Maturities Within One Year Fair Value
HeldToMaturitySecuritiesDebtMaturitiesWithinOneYearFairValue
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CY2019Q4 us-gaap Held To Maturity Securities Debt Maturities Within One Year Net Carrying Amount
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502546000 USD
CY2019Q4 us-gaap Held To Maturity Securities Debt Maturities Within One Year Fair Value
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502675000 USD
CY2020Q1 ipgp Debt Securities Available For Sale Maturity Allocated And Single Maturity Date After Five Years Amortized Cost
DebtSecuritiesAvailableForSaleMaturityAllocatedAndSingleMaturityDateAfterFiveYearsAmortizedCost
594000 USD
CY2020Q1 ipgp Debt Securities Available For Sale Maturity Allocated And Single Maturity Date After Five Years Fair Value
DebtSecuritiesAvailableForSaleMaturityAllocatedAndSingleMaturityDateAfterFiveYearsFairValue
594000 USD
CY2019Q4 ipgp Debt Securities Available For Sale Maturity Allocated And Single Maturity Date After Five Years Amortized Cost
DebtSecuritiesAvailableForSaleMaturityAllocatedAndSingleMaturityDateAfterFiveYearsAmortizedCost
592000 USD
CY2019Q4 ipgp Debt Securities Available For Sale Maturity Allocated And Single Maturity Date After Five Years Fair Value
DebtSecuritiesAvailableForSaleMaturityAllocatedAndSingleMaturityDateAfterFiveYearsFairValue
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CY2020Q1 us-gaap Inventory Raw Materials
InventoryRawMaterials
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CY2019Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
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CY2020Q1 us-gaap Inventory Work In Process
InventoryWorkInProcess
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CY2019Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
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CY2019Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
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CY2019Q4 us-gaap Inventory Net
InventoryNet
380790000 USD
CY2020Q1 us-gaap Inventory Write Down
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CY2019Q1 us-gaap Inventory Write Down
InventoryWriteDown
4764000 USD
CY2019Q4 us-gaap Goodwill
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CY2018Q4 us-gaap Goodwill
Goodwill
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GoodwillAcquiredDuringPeriod
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CY2019Q1 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
9426000 USD
CY2020Q1 us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
0 USD
CY2019Q1 us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
448000 USD
CY2020Q1 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-465000 USD
CY2019Q1 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
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CY2020Q1 us-gaap Goodwill
Goodwill
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CY2019Q1 us-gaap Goodwill
Goodwill
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CY2020Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
44522000 USD
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FiniteLivedIntangibleAssetsNet
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CY2019Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
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CY2019Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
42108000 USD
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FiniteLivedIntangibleAssetsNet
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CY2020Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
3133000 USD
CY2019Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
3316000 USD
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FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
8847000 USD
CY2020Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
11605000 USD
CY2020Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
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10669000 USD
CY2020Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
9850000 USD
CY2020Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
7500000 USD
CY2020Q1 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
22361000 USD
CY2020Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
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148671000 USD
CY2020Q1 us-gaap Employee Related Liabilities Current
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45679000 USD
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CY2020Q1 us-gaap Contract With Customer Liability Current
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62499000 USD
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ContractWithCustomerLiabilityCurrent
59531000 USD
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24057000 USD
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ProductWarrantyAccrualClassifiedCurrent
23114000 USD
CY2020Q1 us-gaap Operating Lease Liability Current
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4966000 USD
CY2019Q4 us-gaap Operating Lease Liability Current
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11470000 USD
CY2019Q4 us-gaap Other Accrued Liabilities Current
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CY2019Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
23114000 USD
CY2019Q4 us-gaap Accrued Liabilities Current
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149782000 USD
CY2019Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
48866000 USD
CY2018Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
51422000 USD
CY2020Q1 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
5001000 USD
CY2019Q1 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
4358000 USD
CY2020Q1 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
7241000 USD
CY2019Q1 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
4839000 USD
CY2020Q1 us-gaap Standard And Extended Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardAndExtendedProductWarrantyAccrualForeignCurrencyTranslationGainLoss
822000 USD
CY2019Q1 us-gaap Standard And Extended Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardAndExtendedProductWarrantyAccrualForeignCurrencyTranslationGainLoss
392000 USD
CY2020Q1 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
45804000 USD
CY2019Q1 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
50549000 USD
CY2020Q1 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
24057000 USD
CY2020Q1 us-gaap Product Warranty Accrual Noncurrent
ProductWarrantyAccrualNoncurrent
21747000 USD
CY2019Q4 us-gaap Product Warranty Accrual Noncurrent
ProductWarrantyAccrualNoncurrent
25752000 USD
CY2020Q1 us-gaap Long Term Debt
LongTermDebt
40779000 USD
CY2019Q4 us-gaap Long Term Debt
LongTermDebt
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CY2020Q1 us-gaap Long Term Debt Current
LongTermDebtCurrent
3757000 USD
CY2019Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
3740000 USD
CY2020Q1 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
37022000 USD
CY2019Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
37968000 USD
CY2020Q1 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
2811000 USD
CY2020Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
3810000 USD
CY2020Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
18126000 USD
CY2020Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
16032000 USD
CY2020Q1 us-gaap Long Term Debt
LongTermDebt
40779000 USD
CY2020Q1 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
129172000 USD
CY2020Q1 us-gaap Litigation Reserve
LitigationReserve
0 USD
CY2020Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.235
CY2019Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.240
CY2020Q1 us-gaap Tax Cuts And Jobs Act Of2017 Income Tax Expense Benefit
TaxCutsAndJobsActOf2017IncomeTaxExpenseBenefit
-2787000 USD
CY2019Q1 us-gaap Tax Cuts And Jobs Act Of2017 Income Tax Expense Benefit
TaxCutsAndJobsActOf2017IncomeTaxExpenseBenefit
-2338000 USD
CY2019Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
11416000 USD
CY2018Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
11206000 USD
CY2020Q1 ipgp Unrecognized Tax Benefits Increase Decrease Resultingfrom Current Period Tax Positions
UnrecognizedTaxBenefitsIncreaseDecreaseResultingfromCurrentPeriodTaxPositions
400000 USD
CY2019Q1 ipgp Unrecognized Tax Benefits Increase Decrease Resultingfrom Current Period Tax Positions
UnrecognizedTaxBenefitsIncreaseDecreaseResultingfromCurrentPeriodTaxPositions
28000 USD
CY2020Q1 us-gaap Unrecognized Tax Benefits Decreases Resulting From Foreign Currency Translation
UnrecognizedTaxBenefitsDecreasesResultingFromForeignCurrencyTranslation
1101000 USD
CY2019Q1 us-gaap Unrecognized Tax Benefits Increases Resulting From Foreign Currency Translation
UnrecognizedTaxBenefitsIncreasesResultingFromForeignCurrencyTranslation
94000 USD
CY2020Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
10715000 USD
CY2019Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
11328000 USD
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
36403000 USD
CY2019Q1 us-gaap Net Income Loss
NetIncomeLoss
55159000 USD
CY2020Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
36403000 USD
CY2019Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
55159000 USD
CY2020Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
53075000 shares
CY2019Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
53001000 shares
CY2020Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
601000 shares
CY2019Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
873000 shares
CY2020Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
53676000 shares
CY2019Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
53874000 shares
CY2020Q1 ipgp Basic Net Income Per Share Attributable To Parent
BasicNetIncomePerShareAttributableToParent
0.69
CY2019Q1 ipgp Basic Net Income Per Share Attributable To Parent
BasicNetIncomePerShareAttributableToParent
1.04
CY2020Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.69
CY2019Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.04
CY2020Q1 ipgp Diluted Net Income Per Share Attributable To Parent
DilutedNetIncomePerShareAttributableToParent
0.68
CY2019Q1 ipgp Diluted Net Income Per Share Attributable To Parent
DilutedNetIncomePerShareAttributableToParent
1.02
CY2020Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.68
CY2019Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.02
CY2020Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
871000 shares
CY2020Q1 ipgp Decrease In Weighted Average Numberof Shares Outstanding Treasury Stock
DecreaseInWeightedAverageNumberofSharesOutstandingTreasuryStock
25875 shares
CY2019Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
631100 shares

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