$IVAC
INTEVAC INC

2015 Q3 Form 10-Q Financial Statement

#000119312515276519 Filed on August 04, 2015

View on sec.gov

Income Statement

Concept 2015 Q3 2014 Q2
Revenue $20.46M $14.72M
YoY Change 38.63% -13.35%
Cost Of Revenue $12.65M $9.504M
YoY Change 27.26% -27.75%
Gross Profit $7.806M $5.211M
YoY Change 62.12% 36.09%
Gross Profit Margin 38.16% 35.41%
Selling, General & Admin $4.576M $5.899M
YoY Change -6.86% 12.68%
% of Gross Profit 58.62% 113.2%
Research & Development $2.947M $4.558M
YoY Change -26.07% -18.37%
% of Gross Profit 37.75% 87.47%
Depreciation & Amortization $1.150M $1.150M
YoY Change -0.86% 8.49%
% of Gross Profit 14.73% 22.07%
Operating Expenses $7.523M $10.46M
YoY Change -15.46% -3.35%
Operating Profit $283.0K -$5.246M
YoY Change -106.93% -24.95%
Interest Expense -$13.00K $120.0K
YoY Change -111.5% 33.33%
% of Operating Profit -4.59%
Other Income/Expense, Net
YoY Change
Pretax Income $270.0K -$5.126M
YoY Change -106.8% -25.69%
Income Tax $258.0K -$119.0K
% Of Pretax Income 95.56%
Net Earnings $12.00K -$5.007M
YoY Change -100.34% -21.91%
Net Earnings / Revenue 0.06% -34.03%
Basic Earnings Per Share
Diluted Earnings Per Share $436.50 -$209.4K
COMMON SHARES
Basic Shares Outstanding 22.63M shares 23.93M shares
Diluted Shares Outstanding 22.91M shares 23.93M shares

Balance Sheet

Concept 2015 Q3 2014 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $47.80M $58.20M
YoY Change -12.29% -15.16%
Cash & Equivalents $16.22M $25.06M
Short-Term Investments $31.50M $33.20M
Other Short-Term Assets $929.0K $988.0K
YoY Change 23.05% 2.38%
Inventory $18.52M $22.61M
Prepaid Expenses
Receivables $11.40M $9.300M
Other Receivables $0.00 $0.00
Total Short-Term Assets $79.36M $91.55M
YoY Change -10.61% -19.02%
LONG-TERM ASSETS
Property, Plant & Equipment $12.36M $13.32M
YoY Change -0.63% 8.01%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $9.300M $17.10M
YoY Change -42.94% -13.2%
Other Assets $2.200M $10.90M
YoY Change -80.0% 1952.73%
Total Long-Term Assets $27.37M $45.69M
YoY Change -37.6% -11.46%
TOTAL ASSETS
Total Short-Term Assets $79.36M $91.55M
Total Long-Term Assets $27.37M $45.69M
Total Assets $106.7M $137.2M
YoY Change -19.54% -16.65%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.169M $4.256M
YoY Change -9.39% -34.43%
Accrued Expenses $6.249M $2.836M
YoY Change -0.14% -37.26%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $14.92M $14.38M
YoY Change -16.73% -43.09%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $2.586M $2.175M
YoY Change 42.01% -76.68%
Total Long-Term Liabilities $2.586M $2.175M
YoY Change 42.01% -76.68%
TOTAL LIABILITIES
Total Short-Term Liabilities $14.92M $14.38M
Total Long-Term Liabilities $2.586M $2.175M
Total Liabilities $17.51M $16.56M
YoY Change -11.31% -52.15%
SHAREHOLDERS EQUITY
Retained Earnings -$56.18M -$35.38M
YoY Change 44.28% 42.48%
Common Stock $164.1M $158.5M
YoY Change 2.34% 2.79%
Preferred Stock
YoY Change
Treasury Stock (at cost) $19.27M $3.157M
YoY Change 110.28%
Treasury Stock Shares 2.998M shares 437.0K shares
Shareholders Equity $89.22M $120.7M
YoY Change
Total Liabilities & Shareholders Equity $106.7M $137.2M
YoY Change -19.54% -16.65%

Cashflow Statement

Concept 2015 Q3 2014 Q2
OPERATING ACTIVITIES
Net Income $12.00K -$5.007M
YoY Change -100.34% -21.91%
Depreciation, Depletion And Amortization $1.150M $1.150M
YoY Change -0.86% 8.49%
Cash From Operating Activities $2.320M $1.830M
YoY Change 246.27% -140.4%
INVESTING ACTIVITIES
Capital Expenditures -$610.0K -$840.0K
YoY Change 916.67% 55.56%
Acquisitions
YoY Change
Other Investing Activities $3.590M -$3.030M
YoY Change 541.07% -223.17%
Cash From Investing Activities $2.970M -$3.870M
YoY Change 494.0% -300.52%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -6.110M -240.0K
YoY Change 35.18% -2500.0%
NET CHANGE
Cash From Operating Activities 2.320M 1.830M
Cash From Investing Activities 2.970M -3.870M
Cash From Financing Activities -6.110M -240.0K
Net Change In Cash -820.0K -2.280M
YoY Change -75.52% -11.97%
FREE CASH FLOW
Cash From Operating Activities $2.320M $1.830M
Capital Expenditures -$610.0K -$840.0K
Free Cash Flow $2.930M $2.670M
YoY Change 301.37% -166.92%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2013Q4 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
30000000
CY2015Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
22135828 shares
CY2015Q3 us-gaap Available For Sale Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
28000
CY2014Q1 us-gaap Restructuring Reserve
RestructuringReserve
0
CY2014Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
699000
CY2014Q1 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
1331000
CY2014Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
1435000
CY2014Q2 us-gaap Restructuring Reserve
RestructuringReserve
0
CY2014Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
703000
CY2014Q2 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
1156000
CY2014Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
1481000
CY2014Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
25059000
CY2015Q2 us-gaap Restructuring Reserve
RestructuringReserve
0
CY2015Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
648000
CY2015Q2 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
1352000
CY2015Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
1108000
CY2015Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
2464503 shares
CY2015Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
7.94
CY2015Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
1510867 shares
CY2015Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
9.25
CY2015Q3 us-gaap Treasury Stock Shares
TreasuryStockShares
2998000 shares
CY2015Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
8.08
CY2015Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2015Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
2646440 shares
CY2015Q3 us-gaap Standard Product Warranty Accrual Noncurrent
StandardProductWarrantyAccrualNoncurrent
241000
CY2015Q3 us-gaap Standard Product Warranty Accrual Current
StandardProductWarrantyAccrualCurrent
1037000
CY2015Q3 us-gaap Restructuring Reserve
RestructuringReserve
0
CY2015Q3 us-gaap Liabilities Current
LiabilitiesCurrent
14924000
CY2015Q3 us-gaap Business Combination Liabilities Arising From Contingencies Amount Recognized
BusinessCombinationLiabilitiesArisingFromContingenciesAmountRecognized
934000
CY2015Q3 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
1800000
CY2015Q3 us-gaap Common Stock Value
CommonStockValue
22000
CY2015Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
609000
CY2015Q3 us-gaap Accounts Payable Current
AccountsPayableCurrent
4169000
CY2015Q3 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
10700000
CY2015Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-56175000
CY2015Q3 us-gaap Customer Advances Current
CustomerAdvancesCurrent
557000
CY2015Q3 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
164035000
CY2015Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
6249000
CY2015Q3 us-gaap Stockholders Equity
StockholdersEquity
89223000
CY2015Q3 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
1278000
CY2015Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
2586000
CY2015Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
106733000
CY2015Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
4848000
CY2015Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
934000
CY2015Q3 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
3949000
CY2015Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
0
CY2015Q3 us-gaap Available For Sale Securities Debt Maturities Single Maturity Date Amortized Cost Basis
AvailableForSaleSecuritiesDebtMaturitiesSingleMaturityDateAmortizedCostBasis
51345000
CY2015Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
16217000
CY2015Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
615000
CY2015Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
12360000
CY2015Q3 us-gaap Receivables Net Current
ReceivablesNetCurrent
11363000
CY2015Q3 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
56996000
CY2015Q3 us-gaap Available For Sale Securities
AvailableForSaleSecurities
51369000
CY2015Q3 us-gaap Deferred Income Taxes And Other Assets Current
DeferredIncomeTaxesAndOtherAssetsCurrent
63000
CY2015Q3 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
1728000
CY2015Q3 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
1780000
CY2015Q3 us-gaap Debt Instrument Collateral Amount
DebtInstrumentCollateralAmount
1800000
CY2015Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
3539000
CY2015Q3 us-gaap Available For Sale Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
4000
CY2015Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
615000
CY2015Q3 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
5370000
CY2015Q3 us-gaap Marketable Securities Current
MarketableSecuritiesCurrent
31539000
CY2015Q3 us-gaap Available For Sale Securities Debt Maturities Within One Year Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost
42086000
CY2015Q3 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
274000
CY2015Q3 us-gaap Assets
Assets
106733000
CY2015Q3 us-gaap Deferred Income Taxes And Other Assets Noncurrent
DeferredIncomeTaxesAndOtherAssetsNoncurrent
426000
CY2015Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
853000
CY2015Q3 us-gaap Inventory Net
InventoryNet
18517000
CY2015Q3 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
11071000
CY2015Q3 us-gaap Marketable Securities Noncurrent
MarketableSecuritiesNoncurrent
9264000
CY2015Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
427000
CY2015Q3 us-gaap Other Assets Current
OtherAssetsCurrent
929000
CY2015Q3 us-gaap Treasury Stock Value
TreasuryStockValue
19268000
CY2015Q3 us-gaap Assets Current
AssetsCurrent
79364000
CY2015Q3 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
42105000
CY2015Q3 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
57020000
CY2015Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
755000
CY2015Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
8387000
CY2015Q3 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
2076000
CY2015Q3 ivac Availableforsale Securities Debt Maturities After One Through Two Years Amortized Cost
AvailableforsaleSecuritiesDebtMaturitiesAfterOneThroughTwoYearsAmortizedCost
9259000
CY2015Q3 ivac Available For Sale Securities Debt Maturities After One Through Two Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughTwoYearsFairValue
9264000
CY2015Q3 ivac Common Property Plant And Equipment
CommonPropertyPlantAndEquipment
1056000
CY2013Q4 us-gaap Restructuring Reserve
RestructuringReserve
0
CY2013Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
725000
CY2013Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
1647000
CY2013Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
1384000
CY2013Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
20121000
CY2015Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
8.26
CY2015Q1 us-gaap Treasury Stock Shares
TreasuryStockShares
1426000 shares
CY2015Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2015Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
2584935 shares
CY2015Q1 us-gaap Standard Product Warranty Accrual Noncurrent
StandardProductWarrantyAccrualNoncurrent
164000
CY2015Q1 us-gaap Standard Product Warranty Accrual Current
StandardProductWarrantyAccrualCurrent
1022000
CY2015Q1 us-gaap Restructuring Reserve
RestructuringReserve
0
CY2015Q1 us-gaap Liabilities Current
LiabilitiesCurrent
19445000
CY2015Q1 us-gaap Business Combination Liabilities Arising From Contingencies Amount Recognized
BusinessCombinationLiabilitiesArisingFromContingenciesAmountRecognized
1134000
CY2015Q1 us-gaap Common Stock Value
CommonStockValue
23000
CY2015Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
619000
CY2015Q1 us-gaap Accounts Payable Current
AccountsPayableCurrent
4640000
CY2015Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-53294000
CY2015Q1 us-gaap Customer Advances Current
CustomerAdvancesCurrent
2551000
CY2015Q1 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
161271000
CY2015Q1 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
8277000
CY2015Q1 us-gaap Stockholders Equity
StockholdersEquity
98630000
CY2015Q1 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
1186000
CY2015Q1 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
2200000
CY2015Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
120275000
CY2015Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
4421000
CY2015Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
1134000
CY2015Q1 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
3977000
CY2015Q1 us-gaap Available For Sale Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
19000
CY2015Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
0
CY2015Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
21482000
CY2015Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
12826000
CY2015Q1 us-gaap Receivables Net Current
ReceivablesNetCurrent
12087000
CY2015Q1 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
68623000
CY2015Q1 us-gaap Deferred Income Taxes And Other Assets Current
DeferredIncomeTaxesAndOtherAssetsCurrent
5000
CY2015Q1 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
1727000
CY2015Q1 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
1780000
CY2015Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
3966000
CY2015Q1 us-gaap Available For Sale Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
20000
CY2015Q1 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
6229000
CY2015Q1 us-gaap Marketable Securities Current
MarketableSecuritiesCurrent
29598000
CY2015Q1 us-gaap Assets
Assets
120275000
CY2015Q1 us-gaap Deferred Income Taxes And Other Assets Noncurrent
DeferredIncomeTaxesAndOtherAssetsNoncurrent
55000
CY2015Q1 us-gaap Inventory Net
InventoryNet
19212000
CY2015Q1 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
10684000
CY2015Q1 us-gaap Marketable Securities Noncurrent
MarketableSecuritiesNoncurrent
17542000
CY2015Q1 us-gaap Other Assets Current
OtherAssetsCurrent
989000
CY2015Q1 us-gaap Treasury Stock Value
TreasuryStockValue
9989000
CY2015Q1 us-gaap Assets Current
AssetsCurrent
84106000
CY2015Q1 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
68622000
CY2015Q1 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
2299000
CY2015Q1 ivac Common Property Plant And Equipment
CommonPropertyPlantAndEquipment
1083000
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
us-gaap Restructuring And Related Cost Number Of Positions Eliminated Period Percent
RestructuringAndRelatedCostNumberOfPositionsEliminatedPeriodPercent
0.06 pure
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
-2624000
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
195000 shares
us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
7.49
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
23892000 shares
us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
23892000 shares
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.40
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1911000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
23892000 shares
us-gaap Increase In Restricted Cash
IncreaseInRestrictedCash
1000000
us-gaap Gross Profit
GrossProfit
10021000
us-gaap Contracts Revenue
ContractsRevenue
6372000
us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
-358000
us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
25358000
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
2240000
us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-22000
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-22000
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax
-16000
us-gaap Standard Product Warranty Accrual Preexisting Increase Decrease
StandardProductWarrantyAccrualPreexistingIncreaseDecrease
-472000
us-gaap Sales Revenue Net
SalesRevenueNet
31730000
us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
-22000
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
0
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
97000
us-gaap Payments For Restructuring
PaymentsForRestructuring
288000
us-gaap Operating Income Loss
OperatingIncomeLoss
-9970000
us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
192000
us-gaap Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
-3066000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-9550000
us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
504000
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
-6000
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-9778000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1559000
us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
23878000
us-gaap Net Income Loss
NetIncomeLoss
-9528000
us-gaap Investment Income Interest
InvestmentIncomeInterest
192000
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-316000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
2336000
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-15000
us-gaap Operating Expenses
OperatingExpenses
19991000
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
8831000
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
11160000
us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
97000
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
21709000
us-gaap Restructuring Charges
RestructuringCharges
288000
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
1469000
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
4938000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-250000
us-gaap Product Warranty Expense
ProductWarrantyExpense
523000
us-gaap Cost Of Goods Sold
CostOfGoodsSold
17276000
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-381000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
1178000
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
0
us-gaap Contract Revenue Cost
ContractRevenueCost
4433000
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
7958000
us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
0
us-gaap Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
35076000
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
0
us-gaap Share Based Compensation
ShareBasedCompensation
1363000
us-gaap Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
6904000
ivac Expected Decrease In Expenses Due To Reduction In Workforce
ExpectedDecreaseInExpensesDueToReductionInWorkforce
2100000
ivac Unallocated Costs
UnallocatedCosts
3637000
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
4.38
dei Document Type
DocumentType
10-Q
dei Entity Registrant Name
EntityRegistrantName
INTEVAC INC
dei Trading Symbol
TradingSymbol
IVAC
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
us-gaap Description Of New Accounting Pronouncements Not Yet Adopted
DescriptionOfNewAccountingPronouncementsNotYetAdopted
<div> <table style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; WORD-SPACING: 0px; WIDOWS: 1; LETTER-SPACING: normal; TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px" cellspacing="0" cellpadding="0" width="100%" border="0"> <tr> <td valign="top" width="4%" align="left"><b>2.</b></td> <td valign="top" align="left"><b>Recent Accounting Pronouncements</b></td> </tr> </table> <p style="MARGIN-BOTTOM: 0pt; WHITE-SPACE: normal; TEXT-TRANSFORM: none; WORD-SPACING: 0px; COLOR: rgb(0,0,0); FONT: 10pt 'Times New Roman'; WIDOWS: 1; MARGIN-TOP: 6pt; LETTER-SPACING: normal; TEXT-INDENT: 4%; -webkit-text-stroke-width: 0px"> In April 2015, the Financial Accounting Standards Board (&#x201C;FASB&#x201D;) issued Accounting Standards Update (&#x201C;ASU&#x201D;) No.&#xA0;2015-05, &#x201C;Customers&#x2019; Accounting for Fees Paid in a Cloud Computing Arrangement,&#x201D; which provides guidance in evaluating whether a cloud computing arrangement includes a software license. If a cloud computing arrangement includes a software license, then the software license element of the arrangement should be accounted for as an acquisition of a software license. If the arrangement does not contain a software license, it should be accounted for as a service contract. This ASU will be effective for Intevac in the first quarter of fiscal 2016 and may be adopted either retrospectively or prospectively. We are currently evaluating the impact this ASU will have on our consolidated financial statements.</p> <p style="MARGIN-BOTTOM: 0pt; WHITE-SPACE: normal; TEXT-TRANSFORM: none; WORD-SPACING: 0px; COLOR: rgb(0,0,0); FONT: 10pt 'Times New Roman'; WIDOWS: 1; MARGIN-TOP: 12pt; LETTER-SPACING: normal; TEXT-INDENT: 4%; -webkit-text-stroke-width: 0px"> In February 2015, the FASB issued ASU No.&#xA0;2015-02, &#x201C;Consolidations (Topic 810): Amendments to the Consolidation Analysis&#x201D;, which amends current consolidation guidance including changes to both the variable and voting interest models used by companies to evaluate whether an entity should be consolidated. The amendments in this ASU will be effective for Intevac in the first quarter of fiscal 2016, with early adoption permitted. The adoption of this ASU will not have any effect on our consolidated financial position, results of operations or cash flows.</p> <p style="MARGIN-BOTTOM: 0pt; WHITE-SPACE: normal; TEXT-TRANSFORM: none; WORD-SPACING: 0px; COLOR: rgb(0,0,0); FONT: 10pt 'Times New Roman'; WIDOWS: 1; MARGIN-TOP: 12pt; LETTER-SPACING: normal; TEXT-INDENT: 4%; -webkit-text-stroke-width: 0px"> In January 2015, the FASB issued ASU No.&#xA0;2015-01, &#x201C;Income Statement &#x2013; Extraordinary and Unusual Items (Subtopic 225-20),&#x201D; which simplifies income statement presentation by eliminating the concept of extraordinary items. This ASU will be effective for Intevac in the first quarter of fiscal 2016, with early adoption permitted provided that the guidance is applied from the beginning of the fiscal year of adoption. The adoption of this ASU will not have any effect on our consolidated financial position, results of operations or cash flows.</p> </div>
dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
us-gaap Restructuring And Related Cost Number Of Positions Eliminated Period Percent
RestructuringAndRelatedCostNumberOfPositionsEliminatedPeriodPercent
0.03 pure
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
148000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
316349 shares
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
1571000 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
416375 shares
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Purchase Price Of Common Stock Percent
SharebasedCompensationArrangementBySharebasedPaymentAwardPurchasePriceOfCommonStockPercent
0.85 pure
us-gaap Stock Issued During Period Shares Employee Stock Purchase Plans
StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans
201000 shares
dei Document Period End Date
DocumentPeriodEndDate
2015-07-04
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
7.78
us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
5.88
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--01-03
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2015
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
22929000 shares
us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
22929000 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
5.55
dei Entity Central Index Key
EntityCentralIndexKey
0001001902
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.13
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2273000 shares
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 Segment
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
-200000
us-gaap Payments For Restructuring
PaymentsForRestructuring
148000
us-gaap Operating Income Loss
OperatingIncomeLoss
-2657000
us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
66000
us-gaap Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
1039000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-2891000
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-91000
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
38521 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
22929000 shares
us-gaap Increase In Restricted Cash
IncreaseInRestrictedCash
0
us-gaap Gross Profit
GrossProfit
14727000
us-gaap Contracts Revenue
ContractsRevenue
3615000
us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
-200000
us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
36728000
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
1534000
us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-10000
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-10000
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax
-35000
us-gaap Standard Product Warranty Accrual Preexisting Increase Decrease
StandardProductWarrantyAccrualPreexistingIncreaseDecrease
-286000
us-gaap Sales Revenue Net
SalesRevenueNet
40343000
us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
-10000
us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
600000
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
25000
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-2591000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
8868000
us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
16097000
us-gaap Net Income Loss
NetIncomeLoss
-2881000
us-gaap Investment Income Interest
InvestmentIncomeInterest
66000
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-10000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
2324000
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-35000
us-gaap Operating Expenses
OperatingExpenses
17384000
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
7555000
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
9829000
us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
-200000
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
25616000
us-gaap Restructuring Charges
RestructuringCharges
148000
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
9280000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
427000
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-5265000
us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
262000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
290000
us-gaap Product Warranty Expense
ProductWarrantyExpense
222000
us-gaap Cost Of Goods Sold
CostOfGoodsSold
23072000
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-7958000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
910000
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
11000
us-gaap Contract Revenue Cost
ContractRevenueCost
2544000
CY2014Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax
15000
ivac Minimum Product Warranty Range
MinimumProductWarrantyRange
P12M
ivac Product Warranty Range If Systems Sold Through Distributor
ProductWarrantyRangeIfSystemsSoldThroughDistributor
P3M
ivac Purchase Intervals Of Series
PurchaseIntervalsOfSeries
P6M
ivac Unallocated Costs
UnallocatedCosts
2118000
ivac Share Based Compensation Arrangement By Share Based Payment Award Conversion Ratio
ShareBasedCompensationArrangementByShareBasedPaymentAwardConversionRatio
1.00 pure
ivac Allocation Of Corporate Expenses To Segments
AllocationOfCorporateExpensesToSegments
0.03 pure
ivac Share Based Compensation Arrangement By Share Based Payment Award Options Offering Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOfferingPeriod
P2Y
CY2014Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
CY2014Q2 us-gaap Standard Product Warranty Accrual Preexisting Increase Decrease
StandardProductWarrantyAccrualPreexistingIncreaseDecrease
-177000
CY2014Q2 us-gaap Sales Revenue Net
SalesRevenueNet
14715000
CY2014Q2 us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
4000
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
2580000
us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
0
us-gaap Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
20200000
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
0
us-gaap Share Based Compensation
ShareBasedCompensation
1663000
us-gaap Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
3029000
ivac Maximum Product Warranty Range
MaximumProductWarrantyRange
P24M
ivac Maximum Employee Salary Withholdings For Purchase Of Common Stock Under Terms Of Espp
MaximumEmployeeSalaryWithholdingsForPurchaseOfCommonStockUnderTermsOfEspp
0.15 pure
ivac Expected Decrease In Expenses Due To Reduction In Workforce
ExpectedDecreaseInExpensesDueToReductionInWorkforce
1400000
CY2014Q2 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
58000 shares
CY2014Q2 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
7.21
CY2014Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
23927000 shares
CY2014Q2 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
23927000 shares
CY2014Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.21
CY2014Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1977000 shares
CY2014Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
23927000 shares
CY2014Q2 us-gaap Gross Profit
GrossProfit
5211000
CY2014Q2 us-gaap Contracts Revenue
ContractsRevenue
2677000
CY2014Q2 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
12038000
CY2014Q2 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
4000
CY2014Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
4000
CY2014Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
46000
CY2014Q2 us-gaap Payments For Restructuring
PaymentsForRestructuring
61000
CY2014Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-5246000
CY2014Q2 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
120000
CY2014Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-5003000
CY2014Q2 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
219000
CY2014Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
-11000
CY2014Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-5126000
CY2014Q2 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
9504000
CY2014Q2 us-gaap Net Income Loss
NetIncomeLoss
-5007000
CY2014Q2 us-gaap Investment Income Interest
InvestmentIncomeInterest
120000
CY2014Q2 us-gaap Operating Expenses
OperatingExpenses
10457000
CY2014Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
4558000
CY2014Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
5899000
CY2015Q3 us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
-39000
CY2014Q2 us-gaap Restructuring Charges
RestructuringCharges
61000
CY2014Q2 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
419000
CY2014Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-119000
CY2014Q2 us-gaap Product Warranty Expense
ProductWarrantyExpense
217000
CY2014Q2 us-gaap Cost Of Goods Sold
CostOfGoodsSold
7540000
CY2014Q2 us-gaap Contract Revenue Cost
ContractRevenueCost
1964000
CY2014Q2 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
0
CY2014Q2 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
0
CY2014Q2 us-gaap Share Based Compensation
ShareBasedCompensation
666000
CY2014Q2 ivac Unallocated Costs
UnallocatedCosts
2146000
CY2015Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
282000 shares
CY2015Q3 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
1128000 shares
CY2015Q3 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
5.55
CY2015Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
22912000 shares
CY2015Q3 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
22630000 shares
CY2015Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.00
CY2015Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2085000 shares
CY2015Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
22630000 shares
CY2015Q3 us-gaap Gross Profit
GrossProfit
7806000
CY2015Q3 us-gaap Contracts Revenue
ContractsRevenue
1812000
CY2015Q3 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
18646000
CY2015Q3 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-39000
CY2015Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-39000
CY2015Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax
-35000
CY2015Q3 us-gaap Standard Product Warranty Accrual Preexisting Increase Decrease
StandardProductWarrantyAccrualPreexistingIncreaseDecrease
-186000
CY2015Q3 us-gaap Sales Revenue Net
SalesRevenueNet
20458000
CY2015Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
-174000
CY2015Q3 us-gaap Payments For Restructuring
PaymentsForRestructuring
0
CY2015Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
283000
CY2015Q3 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-13000
CY2015Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-27000
CY2015Q3 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
203000
CY2015Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
-4000
CY2015Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
270000
CY2015Q3 us-gaap Net Income Loss
NetIncomeLoss
12000
CY2015Q3 us-gaap Investment Income Interest
InvestmentIncomeInterest
-13000
CY2015Q3 us-gaap Operating Expenses
OperatingExpenses
7523000
CY2015Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
2947000
CY2015Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
4576000
CY2015Q3 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
12652000
CY2015Q3 us-gaap Restructuring Charges
RestructuringCharges
0
CY2015Q3 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
6293000
CY2015Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
213000
CY2015Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
258000
CY2015Q3 us-gaap Product Warranty Expense
ProductWarrantyExpense
91000
CY2015Q3 us-gaap Cost Of Goods Sold
CostOfGoodsSold
11487000
CY2015Q3 us-gaap Contract Revenue Cost
ContractRevenueCost
1165000
CY2015Q3 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
0
CY2015Q3 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
0
CY2015Q3 us-gaap Share Based Compensation
ShareBasedCompensation
800000
CY2015Q3 ivac Unallocated Costs
UnallocatedCosts
998000

Files In Submission

Name View Source Status
0001193125-15-276519-index-headers.html Edgar Link pending
0001193125-15-276519-index.html Edgar Link pending
0001193125-15-276519.txt Edgar Link pending
0001193125-15-276519-xbrl.zip Edgar Link pending
d72360d10q.htm Edgar Link pending
d72360dex311.htm Edgar Link pending
d72360dex312.htm Edgar Link pending
d72360dex321.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
ivac-20150704.xml Edgar Link completed
ivac-20150704.xsd Edgar Link pending
ivac-20150704_cal.xml Edgar Link unprocessable
ivac-20150704_def.xml Edgar Link unprocessable
ivac-20150704_lab.xml Edgar Link unprocessable
ivac-20150704_pre.xml Edgar Link unprocessable
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R60.htm Edgar Link pending
R61.htm Edgar Link pending
R62.htm Edgar Link pending
R63.htm Edgar Link pending
R64.htm Edgar Link pending
R65.htm Edgar Link pending
R66.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending