2012 Q3 Form 10-Q Financial Statement
#000119312512454418 Filed on November 06, 2012
Income Statement
| Concept | 2012 Q3 | 2011 Q3 |
|---|---|---|
| Revenue | $161.3M | $131.7M |
| YoY Change | 22.49% | -6.45% |
| Cost Of Revenue | $110.4M | $99.92M |
| YoY Change | 10.49% | 4.81% |
| Gross Profit | $50.95M | $46.60M |
| YoY Change | 9.33% | 2.52% |
| Gross Profit Margin | 31.58% | 35.38% |
| Selling, General & Admin | $20.30M | $17.57M |
| YoY Change | 15.53% | 6.68% |
| % of Gross Profit | 39.84% | 37.7% |
| Research & Development | $13.24M | $11.07M |
| YoY Change | 19.58% | -0.94% |
| % of Gross Profit | 25.98% | 23.76% |
| Depreciation & Amortization | $12.00M | $9.200M |
| YoY Change | 30.43% | -20.69% |
| % of Gross Profit | 23.55% | 19.74% |
| Operating Expenses | $48.83M | $29.02M |
| YoY Change | 68.26% | 3.12% |
| Operating Profit | $2.127M | $18.30M |
| YoY Change | -88.38% | 5.69% |
| Interest Expense | -$4.400M | $4.403M |
| YoY Change | -199.93% | -14.32% |
| % of Operating Profit | -206.86% | 24.06% |
| Other Income/Expense, Net | -$200.0K | -$800.0K |
| YoY Change | -75.0% | 300.0% |
| Pretax Income | -$2.172M | $9.239M |
| YoY Change | -123.51% | -22.89% |
| Income Tax | $5.389M | $2.250M |
| % Of Pretax Income | 24.35% | |
| Net Earnings | -$7.561M | $8.550M |
| YoY Change | -188.43% | 9.78% |
| Net Earnings / Revenue | -4.69% | 6.49% |
| Basic Earnings Per Share | -$0.32 | $0.37 |
| Diluted Earnings Per Share | -$0.32 | $0.36 |
| COMMON SHARES | ||
| Basic Shares Outstanding | 23.65M shares | 23.30M shares |
| Diluted Shares Outstanding | 23.65M shares | 23.61M shares |
Balance Sheet
| Concept | 2012 Q3 | 2011 Q3 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $10.80M | $36.90M |
| YoY Change | -70.73% | -19.26% |
| Cash & Equivalents | $10.80M | $36.94M |
| Short-Term Investments | ||
| Other Short-Term Assets | $14.90M | $13.70M |
| YoY Change | 8.76% | -53.56% |
| Inventory | $111.2M | $115.3M |
| Prepaid Expenses | ||
| Receivables | $124.8M | $82.83M |
| Other Receivables | $0.00 | $0.00 |
| Total Short-Term Assets | $261.7M | $253.0M |
| YoY Change | 3.43% | -4.08% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $156.7M | $144.3M |
| YoY Change | 8.59% | 0.49% |
| Goodwill | $308.6M | |
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | $13.90M | $9.113M |
| YoY Change | 52.53% | -43.4% |
| Total Long-Term Assets | $630.2M | $558.8M |
| YoY Change | 12.78% | -0.09% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $261.7M | $253.0M |
| Total Long-Term Assets | $630.2M | $558.8M |
| Total Assets | $891.9M | $811.8M |
| YoY Change | 9.86% | -1.37% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $44.10M | $30.51M |
| YoY Change | 44.56% | -6.42% |
| Accrued Expenses | $44.00M | $41.44M |
| YoY Change | 6.18% | -37.12% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | ||
| YoY Change | ||
| Total Short-Term Liabilities | $92.30M | $73.78M |
| YoY Change | 25.11% | -26.88% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $230.2M | $198.3M |
| YoY Change | 16.08% | -24.8% |
| Other Long-Term Liabilities | $10.50M | $8.325M |
| YoY Change | 26.13% | 89.2% |
| Total Long-Term Liabilities | $240.7M | $206.6M |
| YoY Change | 16.49% | -22.93% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $92.30M | $73.78M |
| Total Long-Term Liabilities | $240.7M | $206.6M |
| Total Liabilities | $411.3M | $347.9M |
| YoY Change | 18.22% | -19.24% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | $146.9M | |
| YoY Change | ||
| Common Stock | $305.1M | |
| YoY Change | ||
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | $1.048M | |
| YoY Change | ||
| Treasury Stock Shares | 44.68K shares | |
| Shareholders Equity | $480.7M | $463.9M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $891.9M | $811.8M |
| YoY Change | 9.86% | -1.37% |
Cashflow Statement
| Concept | 2012 Q3 | 2011 Q3 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$7.561M | $8.550M |
| YoY Change | -188.43% | 9.78% |
| Depreciation, Depletion And Amortization | $12.00M | $9.200M |
| YoY Change | 30.43% | -20.69% |
| Cash From Operating Activities | $16.00M | $12.80M |
| YoY Change | 25.0% | -44.35% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | -$9.400M | -$5.500M |
| YoY Change | 70.91% | 66.67% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | -$1.600M | -$1.900M |
| YoY Change | -15.79% | 533.33% |
| Cash From Investing Activities | -$11.10M | -$7.300M |
| YoY Change | 52.05% | 102.78% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | -5.300M | -20.50M |
| YoY Change | -74.15% | -31.44% |
| NET CHANGE | ||
| Cash From Operating Activities | 16.00M | 12.80M |
| Cash From Investing Activities | -11.10M | -7.300M |
| Cash From Financing Activities | -5.300M | -20.50M |
| Net Change In Cash | -400.0K | -15.00M |
| YoY Change | -97.33% | 42.86% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | $16.00M | $12.80M |
| Capital Expenditures | -$9.400M | -$5.500M |
| Free Cash Flow | $25.40M | $18.30M |
| YoY Change | 38.8% | -30.42% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2012Q3 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
0 | USD |
| CY2011Q3 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
1000 | USD |
| CY2012Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
-2172000 | USD |
| CY2011Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
9239000 | USD |
| CY2012Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
5389000 | USD |
| CY2011Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
2250000 | USD |
| CY2012Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-7561000 | USD |
| CY2011Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
6989000 | USD |
| CY2012Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.32 | |
| CY2011Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.30 | |
| CY2012Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.32 | |
| CY2011Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.30 | |
| CY2011Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
23297000 | shares |
| CY2012Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
23646000 | shares |
| CY2012Q3 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
1005000 | USD |
| CY2012Q3 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-6157000 | USD |
| CY2011Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
23611000 | shares |
| CY2011Q3 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-8416000 | USD |
| CY2011Q3 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-2204000 | USD |
| CY2012Q3 | us-gaap |
Research And Development Expense Excluding Acquired In Process Cost
ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost
|
13240000 | USD |
| CY2011Q3 | us-gaap |
Research And Development Expense Excluding Acquired In Process Cost
ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost
|
11072000 | USD |
| CY2012Q3 | us-gaap |
Operating Expenses
OperatingExpenses
|
48827000 | USD |
| CY2011Q3 | us-gaap |
Operating Expenses
OperatingExpenses
|
29019000 | USD |
| CY2012Q3 | us-gaap |
Other Nonoperating Expense
OtherNonoperatingExpense
|
248000 | USD |
| CY2011Q3 | us-gaap |
Other Nonoperating Expense
OtherNonoperatingExpense
|
-475000 | USD |
| CY2012Q3 | us-gaap |
Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
|
399000 | USD |
| CY2011Q3 | us-gaap |
Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
|
-777000 | USD |
| us-gaap |
Sales Revenue Net
SalesRevenueNet
|
486991000 | USD | |
| us-gaap |
Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
|
337216000 | USD | |
| us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
60053000 | USD | |
| us-gaap |
Research And Development Expense Excluding Acquired In Process Cost
ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost
|
41325000 | USD | |
| us-gaap |
Operating Expenses
OperatingExpenses
|
125359000 | USD | |
| us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
24416000 | USD | |
| us-gaap |
Interest Expense
InterestExpense
|
13176000 | USD | |
| us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
1000 | USD | |
| us-gaap |
Other Nonoperating Expense
OtherNonoperatingExpense
|
774000 | USD | |
| us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
10817000 | USD | |
| us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
10060000 | USD | |
| us-gaap |
Net Income Loss
NetIncomeLoss
|
757000 | USD | |
| us-gaap |
Gross Profit
GrossProfit
|
149775000 | USD | |
| us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
23559000 | shares | |
| us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
23924000 | shares | |
| us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-522000 | USD | |
| us-gaap |
Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
|
924000 | USD | |
| us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
1159000 | USD | |
| us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
2887000 | USD | |
| us-gaap |
Gross Profit
GrossProfit
|
135681000 | USD | |
| us-gaap |
Operating Expenses
OperatingExpenses
|
86524000 | USD | |
| us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
12347000 | USD | |
| us-gaap |
Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
|
291395000 | USD | |
| us-gaap |
Interest Expense
InterestExpense
|
12802000 | USD | |
| us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
29974000 | USD | |
| us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
9000 | USD | |
| us-gaap |
Net Income Loss
NetIncomeLoss
|
27483000 | USD | |
| us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
49157000 | USD | |
| us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
23663000 | shares | |
| us-gaap |
Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
|
-396000 | USD | |
| us-gaap |
Sales Revenue Net
SalesRevenueNet
|
427076000 | USD | |
| us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
23241000 | shares | |
| us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
39830000 | USD | |
| us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
53980000 | USD | |
| us-gaap |
Other Nonoperating Expense
OtherNonoperatingExpense
|
766000 | USD | |
| us-gaap |
Research And Development Expense Excluding Acquired In Process Cost
ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost
|
32710000 | USD | |
| CY2012Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
23646000 | shares |
| us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.03 | ||
| us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
1.18 | ||
| us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.03 | ||
| us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
1.16 | ||
| CY2012Q3 | us-gaap |
Cost Method Investments Realized Gain Loss
CostMethodInvestmentsRealizedGainLoss
|
350000 | USD |
| CY2011Q3 | us-gaap |
Cost Method Investments Realized Gain Loss
CostMethodInvestmentsRealizedGainLoss
|
0 | USD |
| us-gaap |
Cost Method Investments Realized Gain Loss
CostMethodInvestmentsRealizedGainLoss
|
350000 | USD | |
| us-gaap |
Cost Method Investments Realized Gain Loss
CostMethodInvestmentsRealizedGainLoss
|
4232000 | USD | |
| us-gaap |
Other Cost And Expense Operating
OtherCostAndExpenseOperating
|
23981000 | USD | |
| CY2012Q3 | us-gaap |
Other Cost And Expense Operating
OtherCostAndExpenseOperating
|
15313000 | USD |
| CY2011Q3 | us-gaap |
Other Cost And Expense Operating
OtherCostAndExpenseOperating
|
187000 | USD |
| us-gaap |
Other Cost And Expense Operating
OtherCostAndExpenseOperating
|
-166000 | USD | |
| us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
2212000 | USD | |
| CY2011Q3 | us-gaap |
Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
|
7227000 | USD |
| us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
6597000 | USD | |
| us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
940000 | USD | |
| us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
402000 | USD | |
| us-gaap |
Adjustments To Additional Paid In Capital Tax Effect From Share Based Compensation
AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation
|
-106000 | USD | |
| us-gaap |
Stock Issued During Period Value Employee Benefit Plan
StockIssuedDuringPeriodValueEmployeeBenefitPlan
|
4793000 | USD | |
| us-gaap |
Use Of Estimates
UseOfEstimates
|
<p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;margin-left:18px;">The preparation of financial statements in conformity with </font><font style="font-family:Times New Roman;font-size:12pt;">U.S. GAAP</font><font style="font-family:Times New Roman;font-size:12pt;"> requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, sales, expenses, and related disclosures at the date of the financial statements and during the reporting period. Actual results could differ </font><font style="font-family:Times New Roman;font-size:12pt;">materially </font><font style="font-family:Times New Roman;font-size:12pt;">from these estimates. </font></p> | ||
| us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
7738000 | USD | |
| us-gaap |
Fiscal Period
FiscalPeriod
|
<p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;margin-left:18px;">The Company utilizes a fifty-two, fifty-three week fiscal year ending on the Friday nearest December 31st. The </font><font style="font-family:Times New Roman;font-size:12pt;">third</font><font style="font-family:Times New Roman;font-size:12pt;"> quarter </font><font style="font-family:Times New Roman;font-size:12pt;">and year-to-date periods </font><font style="font-family:Times New Roman;font-size:12pt;">of </font><font style="font-family:Times New Roman;font-size:12pt;">2012</font><font style="font-family:Times New Roman;font-size:12pt;"> and </font><font style="font-family:Times New Roman;font-size:12pt;">2011</font><font style="font-family:Times New Roman;font-size:12pt;"> </font><font style="font-family:Times New Roman;font-size:12pt;">each </font><font style="font-family:Times New Roman;font-size:12pt;">contained </font><font style="font-family:Times New Roman;font-size:12pt;">13</font><font style="font-family:Times New Roman;font-size:12pt;"> weeks </font><font style="font-family:Times New Roman;font-size:12pt;">and </font><font style="font-family:Times New Roman;font-size:12pt;">39</font><font style="font-family:Times New Roman;font-size:12pt;"> weeks, respectively, and </font><font style="font-family:Times New Roman;font-size:12pt;">ended on </font><font style="font-family:Times New Roman;font-size:12pt;">September 28,</font><font style="font-family:Times New Roman;font-size:12pt;"> and </font><font style="font-family:Times New Roman;font-size:12pt;">September 30,</font><font style="font-family:Times New Roman;font-size:12pt;"> respectively.</font></p> | ||
| gb |
Weeks In Reporting Period
WeeksInReportingPeriod
|
39 | ||
| gb |
Weeks In Reporting Period
WeeksInReportingPeriod
|
39 | ||
| CY2012Q1 | gb |
Acquiredfinitelivedintangibleassetweightedaveragediscountrate
Acquiredfinitelivedintangibleassetweightedaveragediscountrate
|
0.13 | |
| CY2012Q1 | us-gaap |
Business Acquisition Purchase Price Allocation Amortizable Intangible Assets
BusinessAcquisitionPurchasePriceAllocationAmortizableIntangibleAssets
|
2927000 | USD |
| CY2012Q1 | us-gaap |
Acquired Finite Lived Intangible Assets Weighted Average Useful Life
AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife
|
P7Y | |
| CY2012Q1 | gb |
Acquired Intangible Assets Finite Lived Weighted Average Useful Life
AcquiredIntangibleAssetsFiniteLivedWeightedAverageUsefulLife
|
P13Y | |
| CY2012Q3 | us-gaap |
Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
|
161340000 | USD |
| CY2012Q3 | us-gaap |
Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
|
-7561000 | USD |
| CY2012Q3 | us-gaap |
Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
|
-0.32 | |
| CY2012Q3 | us-gaap |
Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
|
-0.32 | |
| CY2011Q3 | us-gaap |
Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
|
149991000 | USD |
| us-gaap |
Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
|
1.15 | ||
| us-gaap |
Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
|
1.13 | ||
| CY2011Q3 | us-gaap |
Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
|
0.31 | |
| CY2011Q3 | us-gaap |
Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
|
0.31 | |
| us-gaap |
Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
|
487431000 | USD | |
| us-gaap |
Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
|
583000 | USD | |
| us-gaap |
Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
|
0.02 | ||
| us-gaap |
Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
|
0.02 | ||
| us-gaap |
Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
|
478159000 | USD | |
| us-gaap |
Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
|
26719000 | USD | |
| us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
1575000 | USD | |
| us-gaap |
Interest Paid
InterestPaid
|
3250000 | USD | |
| us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
4611000 | USD | |
| us-gaap |
Interest Paid
InterestPaid
|
3700000 | USD | |
| us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
5207000 | USD | |
| us-gaap |
Noncash Or Part Noncash Acquisition Value Of Assets Acquired1
NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1
|
0 | USD | |
| us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
2923000 | USD | |
| us-gaap |
Noncash Or Part Noncash Acquisition Value Of Assets Acquired1
NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1
|
14396000 | USD | |
| us-gaap |
Noncash Or Part Noncash Acquisition Value Of Liabilities Assumed1
NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1
|
1244000 | USD | |
| us-gaap |
Noncash Or Part Noncash Acquisition Value Of Liabilities Assumed1
NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1
|
0 | USD | |
| us-gaap |
Stock Issued During Period Value Employee Benefit Plan
StockIssuedDuringPeriodValueEmployeeBenefitPlan
|
0 | USD | |
| CY2012Q3 | us-gaap |
Inventory Raw Materials
InventoryRawMaterials
|
56364000 | USD |
| CY2012Q3 | us-gaap |
Inventory Work In Process
InventoryWorkInProcess
|
36902000 | USD |
| CY2012Q3 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
17897000 | USD |
| CY2011Q4 | us-gaap |
Inventory Raw Materials
InventoryRawMaterials
|
49773000 | USD |
| CY2011Q4 | us-gaap |
Inventory Work In Process
InventoryWorkInProcess
|
36603000 | USD |
| CY2011Q4 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
23537000 | USD |
| CY2012Q3 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
169553000 | USD |
| CY2011Q4 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
168886000 | USD |
| CY2012Q3 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
81877000 | USD |
| CY2012Q3 | gb |
Intangible Assets Currency Translation Adjustments
IntangibleAssetsCurrencyTranslationAdjustments
|
3389000 | USD |
| CY2011Q4 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
72082000 | USD |
| CY2011Q4 | gb |
Intangible Assets Currency Translation Adjustments
IntangibleAssetsCurrencyTranslationAdjustments
|
3454000 | USD |
| us-gaap |
Long Lived Assets Held For Sale Description
LongLivedAssetsHeldForSaleDescription
|
Electrochem’s wireless sensing technology and patents to held-for-sale | ||
| CY2012Q3 | us-gaap |
Assets Held For Sale Long Lived
AssetsHeldForSaleLongLived
|
700000 | USD |
| CY2012Q3 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
3572000 | USD |
| CY2011Q3 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
2662000 | USD |
| us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
10780000 | USD | |
| us-gaap |
Standard Product Warranty Accrual Currency Translation Increase Decrease
StandardProductWarrantyAccrualCurrencyTranslationIncreaseDecrease
|
3000 | USD | |
| CY2012Q3 | us-gaap |
Standard Product Warranty Accrual
StandardProductWarrantyAccrual
|
1506000 | USD |
| CY2012Q3 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
|
13458000 | USD |
| CY2012Q3 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
|
12407000 | USD |
| CY2012Q3 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
|
10112000 | USD |
| CY2012Q3 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
|
3474000 | USD |
| CY2012Q3 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
|
13223000 | USD |
| CY2012Q3 | us-gaap |
Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
|
38391000 | USD |
| us-gaap |
Goodwill Translation Adjustments
GoodwillTranslationAdjustments
|
-138000 | USD | |
| us-gaap |
Indefinite Lived Intangible Assets Acquired During Period
IndefiniteLivedIntangibleAssetsAcquiredDuringPeriod
|
540000 | USD | |
| us-gaap |
Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
|
9288000 | USD | |
| CY2012Q3 | us-gaap |
Line Of Credit Facility Amount Outstanding
LineOfCreditFacilityAmountOutstanding
|
41000000 | USD |
| CY2011Q4 | us-gaap |
Line Of Credit Facility Amount Outstanding
LineOfCreditFacilityAmountOutstanding
|
55000000 | USD |
| CY2011Q4 | us-gaap |
Convertible Subordinated Debt
ConvertibleSubordinatedDebt
|
197782000 | USD |
| CY2012Q3 | us-gaap |
Convertible Subordinated Debt
ConvertibleSubordinatedDebt
|
197782000 | USD |
| CY2011Q4 | us-gaap |
Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
|
16832000 | USD |
| CY2012Q3 | us-gaap |
Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
|
8628000 | USD |
| us-gaap |
Line Of Credit Facility Expiration Date1
LineOfCreditFacilityExpirationDate1
|
2016-06-24 | ||
| gb |
Accelerated Line Of Credit Facility Expiration Date
AcceleratedLineOfCreditFacilityExpirationDate
|
2013-03-01 | ||
| us-gaap |
Debt Instrument Issuance Date1
DebtInstrumentIssuanceDate1
|
2007-03-01 | ||
| CY2012Q3 | us-gaap |
Derivative Fixed Interest Rate
DerivativeFixedInterestRate
|
0.00573 | |
| CY2012Q3 | us-gaap |
Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
|
400000000 | USD |
| CY2012Q3 | gb |
Line Of Credit Facility Borrowing Capacity Increase
LineOfCreditFacilityBorrowingCapacityIncrease
|
200000000 | USD |
| CY2012Q3 | gb |
Letter Of Credit Subfacility Maximum Borrowing Capacity
LetterOfCreditSubfacilityMaximumBorrowingCapacity
|
15000000 | USD |
| CY2012Q3 | gb |
Swingline Subfacility Maximum Borrowing Capacity
SwinglineSubfacilityMaximumBorrowingCapacity
|
15000000 | USD |
| us-gaap |
Line Of Credit Facility Collateral
LineOfCreditFacilityCollateral
|
The Credit Facility is secured by the Company’s non-realty assets including cash, accounts receivable and inventories. | ||
| CY2012Q3 | gb |
Line Of Credit Maximum Permitted Acquisitions
LineOfCreditMaximumPermittedAcquisitions
|
250000000 | USD |
| CY2012Q3 | gb |
Interest Margin Above Libor Minimum Loc
InterestMarginAboveLiborMinimumLoc
|
0.015 | |
| CY2012Q3 | gb |
Credit Facility Restriction Available
CreditFacilityRestrictionAvailable
|
1 | |
| CY2012Q3 | gb |
Interest Margin Above Prime Minimum Loc
InterestMarginAbovePrimeMinimumLoc
|
0 | |
| CY2012Q3 | gb |
Interest Margin Above Prime Maximum Loc
InterestMarginAbovePrimeMaximumLoc
|
0.01 | |
| CY2012Q3 | gb |
Line Of Credit Maximum Oth Investment Purchases
LineOfCreditMaximumOthInvestmentPurchases
|
60000000 | USD |
| CY2012Q3 | gb |
Line Of Credit Maximum Stock Repurchase
LineOfCreditMaximumStockRepurchase
|
60000000 | USD |
| CY2012Q3 | gb |
Line Of Credit Maximum Convertible Debt Retirement
LineOfCreditMaximumConvertibleDebtRetirement
|
198000000 | USD |
| us-gaap |
Line Of Credit Facility Covenant Compliance
LineOfCreditFacilityCovenantCompliance
|
As of September 28, 2012, the Company was in compliance with all covenants. | ||
| CY2012Q3 | us-gaap |
Line Of Credit Facility Interest Rate At Period End
LineOfCreditFacilityInterestRateAtPeriodEnd
|
0.0217 | |
| CY2012Q3 | us-gaap |
Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
|
359000000 | USD |
| CY2012Q3 | gb |
Line Of Credit Facility Commitment Fee Percentage Minimum
LineOfCreditFacilityCommitmentFeePercentageMinimum
|
0.00175 | |
| CY2012Q3 | gb |
Line Of Credit Facility Commitment Fee Percentage Maximum
LineOfCreditFacilityCommitmentFeePercentageMaximum
|
0.0025 | |
| CY2012Q3 | gb |
Interest Margin Above Libor Maximum Loc
InterestMarginAboveLiborMaximumLoc
|
0.03 | |
| CY2012Q3 | gb |
Interest Margin Above Prime Minimum Swingline
InterestMarginAbovePrimeMinimumSwingline
|
0 | |
| CY2012Q3 | gb |
Interest Margin Above Prime Maximum Swingline
InterestMarginAbovePrimeMaximumSwingline
|
0.01 | |
| CY2012Q3 | gb |
Leverage Ratio Required To Reset Credit Facility Restrictions
LeverageRatioRequiredToResetCreditFacilityRestrictions
|
2.75 to 1.0 | |
| CY2012Q3 | gb |
Ebitda Covenant Restriction
EbitdaCovenantRestriction
|
3.0 to 1.0 | |
| CY2012Q3 | gb |
Total Leverage Covenant Restriction
TotalLeverageCovenantRestriction
|
4.0 to 1.0 | |
| CY2012Q3 | gb |
Line Of Credit Aggregate Restricted Activities Limit
LineOfCreditAggregateRestrictedActivitiesLimit
|
250000000 | USD |
| CY2012Q3 | gb |
Line Of Credit Aggregate Restricted Activities Limit Remaining
LineOfCreditAggregateRestrictedActivitiesLimitRemaining
|
248000000 | USD |
| CY2012Q3 | gb |
Line Of Credit Maximum Oth Investment Purchases Remaining
LineOfCreditMaximumOthInvestmentPurchasesRemaining
|
58000000 | USD |
| CY2012Q3 | gb |
Debt Discount Percentage
DebtDiscountPercentage
|
0.05 | |
| CY2012Q3 | us-gaap |
Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
|
0.0225 | |
| us-gaap |
Debt Instrument Frequency Of Periodic Payment
DebtInstrumentFrequencyOfPeriodicPayment
|
semi-annually | ||
| us-gaap |
Debt Instrument Maturity Date
DebtInstrumentMaturityDate
|
2013-06-15 | ||
| CY2012Q3 | us-gaap |
Debt Instrument Convertible Conversion Price1
DebtInstrumentConvertibleConversionPrice1
|
34.70 | |
| CY2012Q3 | us-gaap |
Debt Instrument Face Amount
DebtInstrumentFaceAmount
|
1000 | USD |
| us-gaap |
Debt Instrument Interest Rate During Period
DebtInstrumentInterestRateDuringPeriod
|
0.085 | ||
| CY2012Q3 | us-gaap |
Debt Instrument Convertible Carrying Amount Of The Equity Component
DebtInstrumentConvertibleCarryingAmountOfTheEquityComponent
|
7300000 | USD |
| CY2012Q3 | gb |
Closing Stock Price
ClosingStockPrice
|
24.33 | |
| us-gaap |
Debt Instrument Convertible Conversion Ratio
DebtInstrumentConvertibleConversionRatio
|
28.8219 | shares | |
| CY2012Q3 | gb |
Convertible Subordinated Notes Fair Value
ConvertibleSubordinatedNotesFairValue
|
197000000 | USD |
| us-gaap |
Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
|
3338000 | USD | |
| CY2012Q3 | us-gaap |
Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
|
1113000 | USD |
| CY2011Q3 | us-gaap |
Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
|
1113000 | USD |
| us-gaap |
Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
|
3338000 | USD | |
| us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
7676000 | USD | |
| us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
8205000 | USD | |
| CY2011Q3 | us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
2602000 | USD |
| CY2012Q3 | us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
2781000 | USD |
| gb |
Events When Debt Can Be Converted
EventsWhenDebtCanBeConverted
|
CSN are convertible at the option of the holders at such time as: (i) the closing price of the Company’s common stock exceeds 150% of the conversion price of the notes for 20 out of 30 consecutive trading days; (ii) the trading price per $1,000 of principal is less than 98% of the product of the closing sale price of common stock for each day during any five consecutive trading day period and the conversion rate per $1,000 of principal; (iii) CSN have been called for redemption; (iv) the Company distributes to all holders of common stock rights or warrants entitling them to purchase additional shares of common stock at less than the average closing price of common stock for the ten trading days immediately preceding the announcement of the distribution; (v) the Company distributes to all holders of common stock any form of dividend which has a per share value exceeding 5% of the price of the common stock on the day prior to such date of distribution; (vi) the Company effects a consolidation, merger, share exchange or sale of assets pursuant to which its common stock is converted to cash or other property; (vii) the occurrence of the period beginning 60 days prior to but excluding June 15, 2013; and (viii) certain fundamental changes, as defined in the indenture governing the notes, occur or are approved by the Board of Directors. | ||
| CY2012Q3 | gb |
Premium Make Whole Amount
PremiumMakeWholeAmount
|
6.3 | shares |
| us-gaap |
Debt Instrument Call Date Earliest
DebtInstrumentCallDateEarliest
|
2012-06-20 | ||
| CY2011Q4 | us-gaap |
Deferred Finance Costs Net
DeferredFinanceCostsNet
|
3149000 | USD |
| gb |
Financing Costs Deferred
FinancingCostsDeferred
|
0 | USD | |
| gb |
Financing Costs Written Off
FinancingCostsWrittenOff
|
0 | USD | |
| us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
802000 | USD | |
| CY2012Q3 | us-gaap |
Deferred Finance Costs Net
DeferredFinanceCostsNet
|
2347000 | USD |
| CY2011Q4 | us-gaap |
Defined Benefit Plan Benefit Obligation
DefinedBenefitPlanBenefitObligation
|
5569000 | USD |
| us-gaap |
Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
|
914000 | USD | |
| us-gaap |
Defined Benefit Plan Benefits Paid
DefinedBenefitPlanBenefitsPaid
|
-786000 | USD | |
| us-gaap |
Defined Benefit Plan Foreign Currency Exchange Rate Changes Benefit Obligation
DefinedBenefitPlanForeignCurrencyExchangeRateChangesBenefitObligation
|
-18000 | USD | |
| CY2012Q3 | us-gaap |
Defined Benefit Plan Benefit Obligation
DefinedBenefitPlanBenefitObligation
|
5679000 | USD |
| us-gaap |
Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
|
835000 | USD | |
| us-gaap |
Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
|
305000 | USD | |
| us-gaap |
Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
|
-92000 | USD | |
| us-gaap |
Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
|
318000 | USD | |
| CY2012Q3 | us-gaap |
Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
|
297000 | USD |
| CY2012Q3 | us-gaap |
Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
|
272000 | USD |
| CY2012Q3 | us-gaap |
Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
|
98000 | USD |
| CY2012Q3 | us-gaap |
Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
|
-30000 | USD |
| CY2012Q3 | us-gaap |
Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
|
103000 | USD |
| CY2011Q3 | us-gaap |
Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
|
290000 | USD |
| CY2011Q3 | us-gaap |
Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
|
124000 | USD |
| CY2011Q3 | us-gaap |
Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
|
-21000 | USD |
| CY2012Q3 | gb |
Maximum Aggregate Loss Under Medical Plan Stop Loss Insurance
MaximumAggregateLossUnderMedicalPlanStopLossInsurance
|
13500000 | USD |
| CY2011Q3 | us-gaap |
Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
|
126000 | USD |
| us-gaap |
Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
|
800000 | USD | |
| CY2012Q3 | us-gaap |
Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
|
700000 | USD |
| us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.93 | ||
| us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.31 | ||
| CY2012Q3 | gb |
Swiss Consolidation Tax Charges
SwissConsolidationTaxCharges
|
5000000 | USD |
| CY2011Q3 | us-gaap |
Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
|
309000 | USD |
| us-gaap |
Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
|
714000 | USD | |
| us-gaap |
Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
|
313000 | USD | |
| us-gaap |
Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
|
-16000 | USD | |
| us-gaap |
Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
|
317000 | USD | |
| us-gaap |
Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
|
726000 | USD | |
| CY2012Q3 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
3474000 | USD |
| CY2011Q3 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
3008000 | USD |
| us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
9007000 | USD | |
| us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
8803000 | USD | |
| us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
|
8.20 | ||
| us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
|
9.42 | ||
| us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
|
0.0204 | ||
| us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
|
0.0083 | ||
| us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
|
0.40 | ||
| us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
|
0.40 | ||
| us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
0 | ||
| us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
0 | ||
| us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
|
P5Y | ||
| us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
|
P5Y | ||
| us-gaap |
Standard Product Warranty Description
StandardProductWarrantyDescription
|
The Company generally warrants that its products will meet customer specifications and will be free from defects in materials and workmanship. | ||
| CY2011Q4 | us-gaap |
Standard Product Warranty Accrual
StandardProductWarrantyAccrual
|
2013000 | USD |
| us-gaap |
Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
|
483000 | USD | |
| us-gaap |
Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
|
-993000 | USD | |
| us-gaap |
Significant Purchase Commitment Description
SignificantPurchaseCommitmentDescription
|
Contractual obligations are defined as agreements that are enforceable and legally binding on the Company and that specify all significant terms, including: fixed or minimum obligations; fixed or minimum price provisions; and the approximate timing of the transaction. The Company’s contractual obligations are normally fulfilled within short time horizons. The Company also enters into blanket orders with vendors that have preferred pricing and terms, however these orders are normally cancelable by us without penalty. | ||
| CY2012Q3 | us-gaap |
Significant Purchase Commitment Remaining Minimum Amount Committed
SignificantPurchaseCommitmentRemainingMinimumAmountCommitted
|
29700000 | USD |
| CY2012Q3 | us-gaap |
Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
|
1072000 | USD |
| CY2012Q3 | us-gaap |
Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
|
4156000 | USD |
| CY2012Q3 | us-gaap |
Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
|
4155000 | USD |
| CY2012Q3 | us-gaap |
Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
|
3566000 | USD |
| CY2012Q3 | us-gaap |
Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
|
3092000 | USD |
| CY2012Q3 | us-gaap |
Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
|
3133000 | USD |
| CY2012Q3 | us-gaap |
Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
|
19174000 | USD |
| us-gaap |
Description Of Types Of Foreign Currency Cash Flow Hedging Instruments Used
DescriptionOfTypesOfForeignCurrencyCashFlowHedgingInstrumentsUsed
|
The Company enters into forward contracts to purchase Mexican pesos in order to hedge the risk of peso-denominated payments associated with the operations at its Tijuana, Mexico facility. | ||
| CY2012Q3 | gb |
Increase Reduction In Cost Of Sales
IncreaseReductionInCostOfSales
|
11000 | USD |
| CY2012Q3 | us-gaap |
Gain Loss On Components Excluded From Assessment Of Foreign Currency Cash Flow Hedge Effectiveness
GainLossOnComponentsExcludedFromAssessmentOfForeignCurrencyCashFlowHedgeEffectiveness
|
0 | USD |
| CY2011Q3 | gb |
Increase Reduction In Cost Of Sales
IncreaseReductionInCostOfSales
|
-213000 | USD |
| gb |
Increase Reduction In Cost Of Sales
IncreaseReductionInCostOfSales
|
-8000 | USD | |
| us-gaap |
Gain Loss On Components Excluded From Assessment Of Foreign Currency Cash Flow Hedge Effectiveness
GainLossOnComponentsExcludedFromAssessmentOfForeignCurrencyCashFlowHedgeEffectiveness
|
0 | USD | |
| gb |
Increase Reduction In Cost Of Sales
IncreaseReductionInCostOfSales
|
-529000 | USD | |
| us-gaap |
Gain Loss On Components Excluded From Assessment Of Foreign Currency Cash Flow Hedge Effectiveness
GainLossOnComponentsExcludedFromAssessmentOfForeignCurrencyCashFlowHedgeEffectiveness
|
0 | USD | |
| CY2012Q3 | gb |
Maximum Benefit Under Medical Plan Stop Loss Insurance
MaximumBenefitUnderMedicalPlanStopLossInsurance
|
1000000 | USD |
| CY2012Q3 | gb |
Accrued Self Insured Medical Plan Liability
AccruedSelfInsuredMedicalPlanLiability
|
2000000 | USD |
| CY2012Q3 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
-7561000 | USD |
| CY2011Q3 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
6989000 | USD |
| us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
757000 | USD | |
| us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
27483000 | USD | |
| us-gaap |
Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
|
0 | shares | |
| us-gaap |
Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
|
0 | shares | |
| us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
365000 | shares | |
| us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
422000 | shares | |
| us-gaap |
Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
|
-500000 | USD | |
| us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment On Derivatives Included In Net Income Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentOnDerivativesIncludedInNetIncomeTax
|
3000 | USD | |
| us-gaap |
Other Comprehensive Income Foreign Currency Translation Gain Loss Arising During Period Tax
OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax
|
0 | USD | |
| CY2012Q3 | gb |
Accumulatedothercomprehensiveincomelosstaxadjustment
Accumulatedothercomprehensiveincomelosstaxadjustment
|
104000 | USD |
| us-gaap |
Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
|
929000 | USD | |
| us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment On Derivatives Included In Net Income Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentOnDerivativesIncludedInNetIncomeNetOfTax
|
-5000 | USD | |
| CY2012Q3 | us-gaap |
Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
|
0 | shares |
| CY2011Q3 | us-gaap |
Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
|
0 | shares |
| CY2011Q3 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
314000 | shares |
| CY2012Q3 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
0 | shares |
| CY2011Q3 | gb |
Performance Vested Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
PerformanceVestedAntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
672000 | shares |
| gb |
Timevestedantidilutivesecuritiesexcludedfromcomputationofearningspershareamount
Timevestedantidilutivesecuritiesexcludedfromcomputationofearningspershareamount
|
1237000 | shares | |
| gb |
Performance Vested Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
PerformanceVestedAntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
692000 | shares | |
| gb |
Timevestedantidilutivesecuritiesexcludedfromcomputationofearningspershareamount
Timevestedantidilutivesecuritiesexcludedfromcomputationofearningspershareamount
|
925000 | shares | |
| gb |
Performance Vested Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
PerformanceVestedAntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
678000 | shares | |
| gb |
Convertible Note Shares Included In Diluted Share Calculation
ConvertibleNoteSharesIncludedInDilutedShareCalculation
|
0 | shares | |
| CY2012Q3 | gb |
Convertible Note Shares Included In Diluted Share Calculation
ConvertibleNoteSharesIncludedInDilutedShareCalculation
|
0 | shares |
| CY2011Q3 | gb |
Convertible Note Shares Included In Diluted Share Calculation
ConvertibleNoteSharesIncludedInDilutedShareCalculation
|
0 | shares |
| gb |
Convertible Note Shares Included In Diluted Share Calculation
ConvertibleNoteSharesIncludedInDilutedShareCalculation
|
0 | shares | |
| CY2011Q4 | gb |
Accumulated Other Comprehensive Income Loss Gross
AccumulatedOtherComprehensiveIncomeLossGross
|
8328000 | USD |
| CY2011Q4 | gb |
Accumulatedothercomprehensiveincomelosstaxadjustment
Accumulatedothercomprehensiveincomelosstaxadjustment
|
601000 | USD |
| CY2012Q3 | gb |
Timevestedantidilutivesecuritiesexcludedfromcomputationofearningspershareamount
Timevestedantidilutivesecuritiesexcludedfromcomputationofearningspershareamount
|
2223000 | shares |
| CY2012Q3 | gb |
Performance Vested Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
PerformanceVestedAntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
781000 | shares |
| CY2011Q3 | gb |
Timevestedantidilutivesecuritiesexcludedfromcomputationofearningspershareamount
Timevestedantidilutivesecuritiesexcludedfromcomputationofearningspershareamount
|
976000 | shares |
| CY2011Q4 | gb |
Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Gross
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansGross
|
-2660000 | USD |
| CY2012Q3 | gb |
Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Gross
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansGross
|
-2660000 | USD |
| CY2011Q4 | gb |
Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Gross
AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectGross
|
-538000 | USD |
| us-gaap |
Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax
|
1429000 | USD | |
| us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment On Derivatives Included In Net Income Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentOnDerivativesIncludedInNetIncomeBeforeTax
|
-8000 | USD | |
| CY2012Q3 | gb |
Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Gross
AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectGross
|
883000 | USD |
| CY2011Q4 | gb |
Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Gross
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentGross
|
11526000 | USD |
| us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
|
-522000 | USD | |
| CY2012Q3 | gb |
Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Gross
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentGross
|
11004000 | USD |
| CY2012Q3 | gb |
Accumulated Other Comprehensive Income Loss Gross
AccumulatedOtherComprehensiveIncomeLossGross
|
9227000 | USD |
| gb |
Contingent Consideration Recognized In Period
ContingentConsiderationRecognizedInPeriod
|
1500000 | USD | |
| us-gaap |
Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability
|
110000 | USD | |
| gb |
Contingent Payment Related To Business Combination
ContingentPaymentRelatedToBusinessCombination
|
0 | USD | |
| CY2012Q3 | gb |
Accrued Contingent Consideration
AccruedContingentConsideration
|
1610000 | USD |
| us-gaap |
Description Of Reclassification Of Foreign Currency Cash Flow Hedge Gain Loss
DescriptionOfReclassificationOfForeignCurrencyCashFlowHedgeGainLoss
|
The fair value of the Company’s foreign currency contracts will be realized as Cost of Sales as the inventory, which the contracts are hedging the cash flows to produce, is sold | ||
| CY2012Q3 | us-gaap |
Foreign Currency Cash Flow Hedge Gain Loss To Be Reclassified During Next12 Months
ForeignCurrencyCashFlowHedgeGainLossToBeReclassifiedDuringNext12Months
|
700000 | USD |
| CY2012Q1 | gb |
Contingent Consideration Discount Rate Minimum
ContingentConsiderationDiscountRateMinimum
|
0.12 | |
| CY2012Q1 | gb |
Contingent Consideration Discount Rate Maximum
ContingentConsiderationDiscountRateMaximum
|
0.2 | |
| CY2012Q3 | us-gaap |
Foreign Currency Contract Asset Fair Value Disclosure
ForeignCurrencyContractAssetFairValueDisclosure
|
883000 | USD |
| CY2012Q3 | gb |
Foreign Currency Contract Liability Fair Value Disclosure
ForeignCurrencyContractLiabilityFairValueDisclosure
|
0 | USD |
| CY2012Q3 | gb |
Long Lived Assets Impairment Loss
LongLivedAssetsImpairmentLoss
|
300000 | USD |
| CY2012Q3 | us-gaap |
Costmethod Investments Other Than Temporary Impairment
CostmethodInvestmentsOtherThanTemporaryImpairment
|
0 | USD |
| CY2012Q3 | us-gaap |
Cost Method Investments Realized Gains
CostMethodInvestmentsRealizedGains
|
-400000 | USD |
| CY2011Q3 | gb |
Long Lived Assets Impairment Loss
LongLivedAssetsImpairmentLoss
|
0 | USD |
| CY2011Q3 | us-gaap |
Costmethod Investments Other Than Temporary Impairment
CostmethodInvestmentsOtherThanTemporaryImpairment
|
0 | USD |
| CY2011Q3 | us-gaap |
Cost Method Investments Realized Gains
CostMethodInvestmentsRealizedGains
|
0 | USD |
| gb |
Long Lived Assets Impairment Loss
LongLivedAssetsImpairmentLoss
|
300000 | USD | |
| us-gaap |
Costmethod Investments Other Than Temporary Impairment
CostmethodInvestmentsOtherThanTemporaryImpairment
|
0 | USD | |
| us-gaap |
Cost Method Investments Realized Gains
CostMethodInvestmentsRealizedGains
|
-400000 | USD | |
| gb |
Long Lived Assets Impairment Loss
LongLivedAssetsImpairmentLoss
|
0 | USD | |
| us-gaap |
Costmethod Investments Other Than Temporary Impairment
CostmethodInvestmentsOtherThanTemporaryImpairment
|
300000 | USD | |
| us-gaap |
Cost Method Investments Realized Gains
CostMethodInvestmentsRealizedGains
|
-4500000 | USD | |
| CY2011Q4 | gb |
Cost And Equity Method Investments Aggregate Carrying Amount
CostAndEquityMethodInvestmentsAggregateCarryingAmount
|
5700000 | USD |
| CY2012Q3 | gb |
Cost And Equity Method Investments Aggregate Carrying Amount
CostAndEquityMethodInvestmentsAggregateCarryingAmount
|
9300000 | USD |
| CY2012Q3 | gb |
Operating Income Allocated To Reportable Segments
OperatingIncomeAllocatedToReportableSegments
|
8094000 | USD |
| CY2012Q3 | gb |
Unallocated Operating Expenses
UnallocatedOperatingExpenses
|
-5967000 | USD |
| CY2012Q3 | gb |
Unallocated Other Expense
UnallocatedOtherExpense
|
-4299000 | USD |
| CY2011Q3 | gb |
Operating Income Allocated To Reportable Segments
OperatingIncomeAllocatedToReportableSegments
|
15661000 | USD |
| CY2011Q3 | gb |
Unallocated Operating Expenses
UnallocatedOperatingExpenses
|
-2773000 | USD |
| CY2011Q3 | gb |
Unallocated Other Expense
UnallocatedOtherExpense
|
-3649000 | USD |
| gb |
Operating Income Allocated To Reportable Segments
OperatingIncomeAllocatedToReportableSegments
|
40272000 | USD | |
| gb |
Unallocated Operating Expenses
UnallocatedOperatingExpenses
|
-15856000 | USD | |
| gb |
Unallocated Other Expense
UnallocatedOtherExpense
|
-13599000 | USD | |
| gb |
Operating Income Allocated To Reportable Segments
OperatingIncomeAllocatedToReportableSegments
|
61567000 | USD | |
| gb |
Unallocated Operating Expenses
UnallocatedOperatingExpenses
|
-12410000 | USD | |
| gb |
Unallocated Other Expense
UnallocatedOtherExpense
|
-9327000 | USD | |
| CY2012Q3 | gb |
Revenue Major Customer Percent
RevenueMajorCustomerPercent
|
0.52 | |
| CY2011Q3 | gb |
Revenue Major Customer Percent
RevenueMajorCustomerPercent
|
0.58 | |
| gb |
Revenue Major Customer Percent
RevenueMajorCustomerPercent
|
0.50 | ||
| gb |
Revenue Major Customer Percent
RevenueMajorCustomerPercent
|
0.59 | ||
| us-gaap |
Description Of New Accounting Pronouncements Not Yet Adopted
DescriptionOfNewAccountingPronouncementsNotYetAdopted
|
<p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;font-weight:bold;margin-left:0px;">16</font><font style="font-family:Times New Roman;font-size:12pt;font-weight:bold;">. IMPACT OF RECENTLY ISSUED ACCOUNTING STANDARDS </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;margin-left:18px;">In the normal course of business, management evaluates all new accounting pronouncements issued by the Financial Accounting Standards Board (“FASB”), Securities and Exchange Commission, Emerging Issues Task Force, A</font><font style="font-family:Times New Roman;font-size:12pt;">merican Institute of Certified P</font><font style="font-family:Times New Roman;font-size:12pt;">ublic Accountants or other authoritative accounting bodies to determine the potential impact they may have on the Company's Condensed Consolidated Financial Statements. Based upon this review except as noted below, management does not expect any of the recently issued accounting pronouncements, which have not already been adopted, to have a material impact on the Company's Condensed Consolidated Financial Statements.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;margin-left:18px;">In July 2012, t</font><font style="font-family:Times New Roman;font-size:12pt;">he FASB issued Accounting Standards Update </font><font style="font-family:Times New Roman;font-size:12pt;">(“ASU”) </font><font style="font-family:Times New Roman;font-size:12pt;">No. 2012-02,</font><font style="font-family:Times New Roman;font-size:12pt;font-style:italic;"> </font><font style="font-family:Times New Roman;font-size:12pt;">Intangibles—Goodwill and Other (Topic 350): Testing Indefinite-Lived Intangible Assets for Impairment. </font><font style="font-family:Times New Roman;font-size:12pt;">This ASU</font><font style="font-family:Times New Roman;font-size:12pt;"> simplifies the guidance for testing the decline in the realizable value (impairment) of indefinite-lived intangible assets oth</font><font style="font-family:Times New Roman;font-size:12pt;">er than goodwill. This ASU</font><font style="font-family:Times New Roman;font-size:12pt;"> allow</font><font style="font-family:Times New Roman;font-size:12pt;">s</font><font style="font-family:Times New Roman;font-size:12pt;"> an organization the option to first assess qualitative factors to determine whether it is necessary to perform the quantitative impairment test. An organization electing to perform a qualitative assessment is no longer required to calculate the fair value of an indefinite-lived intangible asset unless the organization determines, based on a qualitative assessment, that it is “more likely than not” that the asset is impaired. The amendments in this </font><font style="font-family:Times New Roman;font-size:12pt;">ASU</font><font style="font-family:Times New Roman;font-size:12pt;"> are effective for annual and interim impairment tests performed for fiscal years beginning after September 15, 2012. Early adoption is permitted. </font><font style="font-family:Times New Roman;font-size:12pt;">When adopted, this ASU will not have a material impact on the Company's Condensed Consolidated Financial Statements as it only impacts the timing of when the Company is required to perform the two-step impairment tests of its </font><font style="font-family:Times New Roman;font-size:12pt;">indefinite-lived intangible assets other than goodwill.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;margin-left:18px;">In December 2011, the FASB issued ASU No. 2011-11 “Balance Sheet (Topic 210): Disclosures about Offsetting Assets and Liabilities.” This ASU requires companies to provide information about trading in financial instruments and related derivatives in expanded disclosures, creates new disclosure requirements about the nature of an entity's rights of offset and related arrangements associated with its financial instruments and derivative instruments. The disclosure requirements are effective for annual reporting periods beginning on or after January 1, 2013, and interim periods therein, with retrospective application required. When adopted, this ASU will not have a material impact on the Company's Condensed Consolidated Financial Statements as it only changes the disclosures surrounding the Company's offsetting assets and liabilities.</font><font style="font-family:Times New Roman;font-size:12pt;"> </font></p> |
