2017 Q2 Form 10-Q Financial Statement

#000106925817000015 Filed on May 04, 2017

View on sec.gov

Income Statement

Concept 2017 Q2 2017 Q1 2016 Q1
Revenue $185.7M $132.0M $153.0M
YoY Change 10.4% -13.73% -2.61%
Cost Of Revenue $138.3M $95.90M $117.1M
YoY Change 12.44% -18.1% -1.43%
Gross Profit $37.50M $36.10M $35.90M
YoY Change -17.04% 0.56% -6.27%
Gross Profit Margin 20.19% 27.35% 23.46%
Selling, General & Admin $31.90M $30.00M $37.70M
YoY Change -12.36% -20.42% 0.8%
% of Gross Profit 85.07% 83.1% 105.01%
Research & Development $4.100M $4.400M $2.900M
YoY Change 2.5% 51.72% -25.64%
% of Gross Profit 10.93% 12.19% 8.08%
Depreciation & Amortization $5.400M $5.500M $6.100M
YoY Change -3.57% -9.84% -11.59%
% of Gross Profit 14.4% 15.24% 16.99%
Operating Expenses $36.00M $34.40M $40.60M
YoY Change -10.89% -15.27% -1.69%
Operating Profit $1.500M $1.400M -$10.20M
YoY Change -113.73% 161.54%
Interest Expense -$7.200M -$8.200M -$8.700M
YoY Change -17.24% -5.75% -1.14%
% of Operating Profit -480.0% -585.71%
Other Income/Expense, Net -$7.100M -$10.10M -$8.400M
YoY Change -16.47% 20.24% -3.45%
Pretax Income -$5.600M -$8.700M -$18.60M
YoY Change -34.12% -53.23% 47.62%
Income Tax $1.300M $1.400M $3.600M
% Of Pretax Income
Net Earnings -$6.200M -$10.00M -$22.20M
YoY Change -40.38% -54.95% 37.04%
Net Earnings / Revenue -3.34% -7.58% -14.51%
Basic Earnings Per Share -$0.07 -$0.13 -$0.37
Diluted Earnings Per Share -$0.07 -$0.13 -$0.37
COMMON SHARES
Basic Shares Outstanding 86.45M shares 77.30M shares 59.60M shares
Diluted Shares Outstanding 77.30M shares 59.60M shares

Balance Sheet

Concept 2017 Q2 2017 Q1 2016 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $63.30M $73.40M $20.10M
YoY Change 259.66% 265.17% -41.57%
Cash & Equivalents $63.30M $73.40M $20.10M
Short-Term Investments
Other Short-Term Assets $11.40M $11.80M $12.70M
YoY Change 0.0% -7.09% 14.41%
Inventory $64.70M $67.30M $54.80M
Prepaid Expenses $10.80M $8.900M $10.40M
Receivables $226.6M $227.9M $208.8M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $373.8M $387.3M $305.3M
YoY Change 23.73% 26.86% -16.63%
LONG-TERM ASSETS
Property, Plant & Equipment $55.00M $50.80M $53.80M
YoY Change 7.42% -5.58% -33.99%
Goodwill $485.4M $485.4M $483.4M
YoY Change 0.41% 0.41% -18.95%
Intangibles $27.30M $29.90M $33.80M
YoY Change -7.46% -11.54% -29.14%
Long-Term Investments
YoY Change
Other Assets $8.500M $8.200M $8.100M
YoY Change 6.25% 1.23% -73.7%
Total Long-Term Assets $576.2M $574.3M $579.1M
YoY Change 0.72% -0.83% -23.44%
TOTAL ASSETS
Total Short-Term Assets $373.8M $387.3M $305.3M
Total Long-Term Assets $576.2M $574.3M $579.1M
Total Assets $950.0M $961.6M $884.4M
YoY Change 8.67% 8.73% -21.22%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $55.80M $51.80M $39.80M
YoY Change 16.49% 30.15% -6.35%
Accrued Expenses $45.10M $49.80M $29.90M
YoY Change 45.48% 66.56% -5.08%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $187.1M $196.0M $170.3M
YoY Change 11.63% 15.09% -23.63%
LONG-TERM LIABILITIES
Long-Term Debt $369.5M $369.3M $444.4M
YoY Change -16.91% -16.9% -28.55%
Other Long-Term Liabilities $42.60M $41.20M $31.10M
YoY Change 31.08% 32.48% 23.9%
Total Long-Term Liabilities $412.1M $410.5M $475.5M
YoY Change -13.64% -13.67% -26.52%
TOTAL LIABILITIES
Total Short-Term Liabilities $187.1M $196.0M $170.3M
Total Long-Term Liabilities $412.1M $410.5M $475.5M
Total Liabilities $603.0M $610.2M $649.7M
YoY Change -7.03% -6.08% -28.69%
SHAREHOLDERS EQUITY
Retained Earnings -$694.2M -$688.0M -$639.8M
YoY Change 6.77% 7.53% -2.13%
Common Stock $1.043B $1.041B $875.9M
YoY Change 18.85% 18.85% 1.01%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $347.0M $351.4M $234.7M
YoY Change
Total Liabilities & Shareholders Equity $950.0M $961.6M $884.4M
YoY Change 8.67% 8.73% -21.22%

Cashflow Statement

Concept 2017 Q2 2017 Q1 2016 Q1
OPERATING ACTIVITIES
Net Income -$6.200M -$10.00M -$22.20M
YoY Change -40.38% -54.95% 37.04%
Depreciation, Depletion And Amortization $5.400M $5.500M $6.100M
YoY Change -3.57% -9.84% -11.59%
Cash From Operating Activities -$2.800M -$9.900M -$7.200M
YoY Change 366.67% 37.5% 89.47%
INVESTING ACTIVITIES
Capital Expenditures -$7.400M -$5.100M -$2.100M
YoY Change 428.57% 142.86% 10.53%
Acquisitions
YoY Change
Other Investing Activities $600.0K $0.00
YoY Change -100.0%
Cash From Investing Activities -$6.800M -$5.100M -$2.100M
YoY Change 385.71% 142.86% -210.53%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $81.90M $0.00
YoY Change
Debt Paid & Issued, Net $64.00M $0.00
YoY Change
Cash From Financing Activities -600.0K 18.40M 900.0K
YoY Change 50.0% 1944.44% -40.0%
NET CHANGE
Cash From Operating Activities -2.800M -9.900M -7.200M
Cash From Investing Activities -6.800M -5.100M -2.100M
Cash From Financing Activities -600.0K 18.40M 900.0K
Net Change In Cash -10.20M $3.400M -8.400M
YoY Change 325.0% -140.48% 2000.0%
FREE CASH FLOW
Cash From Operating Activities -$2.800M -$9.900M -$7.200M
Capital Expenditures -$7.400M -$5.100M -$2.100M
Free Cash Flow $4.600M -$4.800M -$5.100M
YoY Change 475.0% -5.88% 168.42%

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CY2017Q1 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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1400000 USD
CY2016Q1 us-gaap Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
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400000 USD
CY2017Q1 us-gaap Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
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500000 USD
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7900000 USD
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6000000 USD
CY2016Q1 us-gaap Income Tax Reconciliation Nondeductible Expense Other
IncomeTaxReconciliationNondeductibleExpenseOther
400000 USD
CY2017Q1 us-gaap Income Tax Reconciliation Nondeductible Expense Other
IncomeTaxReconciliationNondeductibleExpenseOther
400000 USD
CY2016Q1 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
1500000 USD
CY2017Q1 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
1200000 USD
CY2016Q1 us-gaap Income Tax Reconciliation Tax Contingencies
IncomeTaxReconciliationTaxContingencies
1700000 USD
CY2017Q1 us-gaap Income Tax Reconciliation Tax Contingencies
IncomeTaxReconciliationTaxContingencies
100000 USD
CY2016Q1 us-gaap Increase Decrease In Accounts Payable
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-8800000 USD
CY2017Q1 us-gaap Increase Decrease In Accounts Payable
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400000 USD
CY2016Q1 us-gaap Increase Decrease In Accounts Receivable
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4000000 USD
CY2017Q1 us-gaap Increase Decrease In Accounts Receivable
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-1500000 USD
CY2016Q1 us-gaap Increase Decrease In Billing In Excess Of Cost Of Earnings
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6700000 USD
CY2017Q1 us-gaap Increase Decrease In Billing In Excess Of Cost Of Earnings
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0 USD
CY2016Q1 us-gaap Increase Decrease In Customer Advances
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1500000 USD
CY2017Q1 us-gaap Increase Decrease In Customer Advances
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700000 USD
CY2016Q1 us-gaap Increase Decrease In Employee Related Liabilities
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-4200000 USD
CY2017Q1 us-gaap Increase Decrease In Employee Related Liabilities
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-4000000 USD
CY2016Q1 us-gaap Increase Decrease In Inventories
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1600000 USD
CY2017Q1 us-gaap Increase Decrease In Inventories
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10100000 USD
CY2016Q1 us-gaap Increase Decrease In Other Accrued Liabilities
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-3100000 USD
CY2017Q1 us-gaap Increase Decrease In Other Accrued Liabilities
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CY2017Q1 us-gaap Inventory Net Of Allowances Customer Advances And Progress Billings
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64800000 USD
CY2016Q4 us-gaap Inventory Raw Materials Net Of Reserves
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31900000 USD
CY2017Q1 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
32300000 USD
CY2016Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
22100000 USD
CY2017Q1 us-gaap Inventory Work In Process Net Of Reserves
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30300000 USD
CY2017Q1 us-gaap Increase Decrease In Other Operating Liabilities
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-900000 USD
CY2016Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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-100000 USD
CY2017Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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3800000 USD
CY2016Q4 us-gaap Intangible Assets Net Excluding Goodwill
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32600000 USD
CY2017Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
29900000 USD
CY2016Q1 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-8700000 USD
CY2017Q1 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-8200000 USD
CY2016Q4 us-gaap Interest Payable Current
InterestPayableCurrent
3600000 USD
CY2017Q1 us-gaap Interest Payable Current
InterestPayableCurrent
9600000 USD
CY2016Q4 us-gaap Inventory Finished Goods Net Of Reserves
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1400000 USD
CY2017Q1 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
1700000 USD
CY2016Q4 us-gaap Inventory Net
InventoryNet
57200000 USD
CY2017Q1 us-gaap Inventory Net
InventoryNet
67300000 USD
CY2016Q4 us-gaap Inventory Net Of Allowances Customer Advances And Progress Billings
InventoryNetOfAllowancesCustomerAdvancesAndProgressBillings
55400000 USD
CY2016Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
0 USD
CY2017Q1 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
0 USD
CY2016Q4 us-gaap Liabilities
Liabilities
672200000 USD
CY2017Q1 us-gaap Liabilities
Liabilities
610200000 USD
CY2016Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
948600000 USD
CY2017Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
961600000 USD
CY2016Q4 us-gaap Liabilities Current
LiabilitiesCurrent
196500000 USD
CY2017Q1 us-gaap Liabilities Current
LiabilitiesCurrent
196000000 USD
CY2016Q4 us-gaap Liabilities Of Disposal Group Including Discontinued Operation Current
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent
1600000 USD
CY2017Q1 us-gaap Liabilities Of Disposal Group Including Discontinued Operation Current
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent
1400000 USD
CY2016Q4 us-gaap Liabilities Of Disposal Group Including Discontinued Operation Noncurrent
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationNoncurrent
3700000 USD
CY2017Q1 us-gaap Liabilities Of Disposal Group Including Discontinued Operation Noncurrent
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationNoncurrent
3700000 USD
CY2016Q1 us-gaap Litigation Settlement Expense
LitigationSettlementExpense
1700000 USD
CY2017Q1 us-gaap Litigation Settlement Expense
LitigationSettlementExpense
0 USD
CY2016Q4 us-gaap Long Term Debt
LongTermDebt
432000000 USD
CY2017Q1 us-gaap Long Term Debt
LongTermDebt
370300000 USD
CY2016Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
423600000 USD
CY2017Q1 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
374300000 USD
CY2016Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
431000000 USD
CY2017Q1 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
369300000 USD
CY2016Q1 us-gaap Net Cash Provided By Used In Continuing Operations
NetCashProvidedByUsedInContinuingOperations
-12700000 USD
CY2017Q1 us-gaap Net Cash Provided By Used In Continuing Operations
NetCashProvidedByUsedInContinuingOperations
4500000 USD
CY2016Q1 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
900000 USD
CY2017Q1 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
18400000 USD
CY2016Q1 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-2100000 USD
CY2017Q1 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-5200000 USD
CY2016Q1 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
-11500000 USD
CY2017Q1 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
-8700000 USD
CY2016Q1 us-gaap Net Income Loss
NetIncomeLoss
-22200000 USD
CY2017Q1 us-gaap Net Income Loss
NetIncomeLoss
-10000000 USD
CY2016Q1 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-8400000 USD
CY2017Q1 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-10100000 USD
CY2017Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3 Segment
CY2016Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-10200000 USD
CY2017Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
1700000 USD
CY2016Q4 us-gaap Other Assets Current
OtherAssetsCurrent
9800000 USD
CY2017Q1 us-gaap Other Assets Current
OtherAssetsCurrent
11800000 USD
CY2016Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
7700000 USD
CY2017Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
8200000 USD
CY2016Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
0 USD
CY2017Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
100000 USD
CY2016Q4 us-gaap Other Inventory Net Of Reserves
OtherInventoryNetOfReserves
1800000 USD
CY2017Q1 us-gaap Other Inventory Net Of Reserves
OtherInventoryNetOfReserves
3000000 USD
CY2016Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
7700000 USD
CY2017Q1 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
6400000 USD
CY2016Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
41000000 USD
CY2017Q1 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
41200000 USD
CY2016Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
300000 USD
CY2017Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
200000 USD
CY2016Q1 us-gaap Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
2100000 USD
CY2017Q1 us-gaap Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
5200000 USD
CY2016Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2017Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2016Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000 shares
CY2017Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000 shares
CY2016Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2017Q1 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2016Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2017Q1 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2016Q4 us-gaap Prepaid Expense Current
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8900000 USD
CY2017Q1 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
8900000 USD
CY2016Q1 us-gaap Proceeds From Contributions From Affiliates
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0 USD
CY2017Q1 us-gaap Proceeds From Contributions From Affiliates
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0 USD
CY2016Q1 us-gaap Proceeds From Issuance Of Common Stock
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0 USD
CY2017Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
81900000 USD
CY2016Q1 us-gaap Proceeds From Repurchase Of Equity
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1200000 USD
CY2017Q1 us-gaap Proceeds From Repurchase Of Equity
ProceedsFromRepurchaseOfEquity
800000 USD
CY2016Q4 us-gaap Progress Payments Netted Against Inventory For Long Term Contracts Or Programs
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1800000 USD
CY2017Q1 us-gaap Progress Payments Netted Against Inventory For Long Term Contracts Or Programs
ProgressPaymentsNettedAgainstInventoryForLongTermContractsOrPrograms
2500000 USD
CY2016Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
49800000 USD
CY2017Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
50800000 USD
CY2016Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
300000 USD
CY2017Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
0 USD
CY2016Q1 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
0 USD
CY2017Q1 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
0 USD
CY2016Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
0 USD
CY2017Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
64000000 USD
CY2016Q1 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
300000 USD
CY2017Q1 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
300000 USD
CY2016Q1 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
2900000 USD
CY2017Q1 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
4400000 USD
CY2016Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
500000 USD
CY2017Q1 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
500000 USD
CY2016Q1 us-gaap Restructuring Charges
RestructuringCharges
3000000 USD
CY2017Q1 us-gaap Restructuring Charges
RestructuringCharges
0 USD
CY2016Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-678100000 USD
CY2017Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-688000000 USD
CY2016Q1 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
70400000 USD
CY2017Q1 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
82800000 USD
CY2016Q1 us-gaap Sales Revenue Net
SalesRevenueNet
153000000 USD
CY2017Q1 us-gaap Sales Revenue Net
SalesRevenueNet
167800000 USD
CY2016Q1 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
82600000 USD
CY2017Q1 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
85000000 USD
CY2016Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
37700000 USD
CY2017Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
38700000 USD
CY2016Q1 us-gaap Share Based Compensation
ShareBasedCompensation
1500000 USD
CY2017Q1 us-gaap Share Based Compensation
ShareBasedCompensation
2100000 USD
CY2016Q1 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
0 shares
CY2017Q1 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
11900000 shares
CY2016Q1 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
1300000 USD
CY2017Q1 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
1400000 USD
CY2016Q1 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
0 USD
CY2017Q1 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
81900000 USD
CY2015Q4 us-gaap Stockholders Equity
StockholdersEquity
254200000 USD
CY2016Q1 us-gaap Stockholders Equity
StockholdersEquity
234700000 USD
CY2016Q4 us-gaap Stockholders Equity
StockholdersEquity
276400000 USD
CY2017Q1 us-gaap Stockholders Equity
StockholdersEquity
351400000 USD
CY2016Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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276400000 USD
CY2017Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
351400000 USD
CY2016Q4 us-gaap Unamortized Debt Issuance Expense
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2900000 USD
CY2017Q1 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
2200000 USD
CY2016Q1 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
600000 USD
CY2017Q1 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
100000 USD
CY2016Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
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18600000 USD
CY2016Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
59600000 shares
CY2017Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
77300000 shares
CY2017Q1 us-gaap Fiscal Period
FiscalPeriod
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Fiscal Year</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company has a 52/53 week fiscal year ending on the last Sunday of the calendar year, with interim fiscal periods ending on the last Sunday of each calendar quarter. The </font><font style="font-family:inherit;font-size:10pt;">three</font><font style="font-family:inherit;font-size:10pt;"> month periods ended </font><font style="font-family:inherit;font-size:10pt;">March&#160;26, 2017</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;text-decoration:none;">March&#160;27, 2016</font><font style="font-family:inherit;font-size:10pt;"> consisted of </font><font style="font-family:inherit;font-size:10pt;">13-week</font><font style="font-family:inherit;font-size:10pt;"> periods. There are 53 calendar weeks in the fiscal year ending on </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2017</font><font style="font-family:inherit;font-size:10pt;"> and 52 calendar weeks in the fiscal year ending on </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December&#160;25, 2016</font><font style="font-family:inherit;font-size:10pt;">.</font></div></div>
CY2017Q1 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Accounting Estimates</font></div><div style="line-height:120%;padding-left:48px;text-indent:-48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">There have been no significant changes in the Company&#8217;s accounting estimates for the three months ended </font><font style="font-family:inherit;font-size:10pt;">March&#160;26, 2017</font><font style="font-family:inherit;font-size:10pt;"> as compared to the accounting estimates described in the Form 10-K.</font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></div>

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