2012 Q4 Form 10-K Financial Statement

#000093755614000017 Filed on February 14, 2014

View on sec.gov

Income Statement

Concept 2012 Q4 2012 Q3 2012 Q2
Revenue $132.2M $119.1M $122.8M
YoY Change 17.64% 8.67% 8.61%
Cost Of Revenue $45.00M $40.74M $41.34M
YoY Change 26.4% 18.76% 14.21%
Gross Profit $87.18M $78.33M $81.43M
YoY Change 18.43% 4.1% 5.99%
Gross Profit Margin 65.97% 65.79% 66.33%
Selling, General & Admin $51.60M $48.26M $47.65M
YoY Change 28.57% 10.43% 14.82%
% of Gross Profit 59.19% 61.61% 58.51%
Research & Development $13.30M $12.12M $11.11M
YoY Change 41.91% 28.95% 11.1%
% of Gross Profit 15.26% 15.47% 13.64%
Depreciation & Amortization $2.900M $2.500M $2.200M
YoY Change 61.11% 38.89% 10.0%
% of Gross Profit 3.33% 3.19% 2.7%
Operating Expenses $64.90M $60.38M $58.76M
YoY Change 31.1% 13.71% 14.1%
Operating Profit $22.27M $17.95M $22.67M
YoY Change 11.02% -18.89% -10.7%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net -$1.300M $912.0K -$462.0K
YoY Change 441.67% 82.4% -331.0%
Pretax Income $21.00M $18.86M $22.21M
YoY Change 12.34% -16.9% -13.24%
Income Tax $6.200M $5.301M $4.443M
% Of Pretax Income 29.52% 28.1% 20.0%
Net Earnings $15.01M $13.79M $17.70M
YoY Change 8.59% -19.04% -1.75%
Net Earnings / Revenue 11.36% 11.58% 14.41%
Basic Earnings Per Share $0.26 $0.24 $0.31
Diluted Earnings Per Share $0.26 $0.24 $0.30
COMMON SHARES
Basic Shares Outstanding 57.20M shares 57.14M shares
Diluted Shares Outstanding 58.15M shares 58.08M shares

Balance Sheet

Concept 2012 Q4 2012 Q3 2012 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $71.60M $113.0M $121.5M
YoY Change -50.0% -10.1% 15.06%
Cash & Equivalents $71.55M $113.0M $121.5M
Short-Term Investments
Other Short-Term Assets $3.896M $3.554M $25.60M
YoY Change 94.02% -85.43% 25.49%
Inventory $47.36M $48.98M $45.70M
Prepaid Expenses $6.507M $12.93M
Receivables $67.91M $63.00M $64.50M
Other Receivables $7.100M $7.200M $7.300M
Total Short-Term Assets $219.3M $260.2M $264.7M
YoY Change -16.58% 2.32% 14.19%
LONG-TERM ASSETS
Property, Plant & Equipment $23.92M $23.03M $21.40M
YoY Change 56.99% 52.5% 40.79%
Goodwill $22.82M $22.75M
YoY Change 4994.64%
Intangibles $27.36M $27.29M
YoY Change 140.17%
Long-Term Investments
YoY Change
Other Assets $8.022M $7.511M $76.40M
YoY Change 4.95% -89.55% 8.37%
Total Long-Term Assets $155.3M $149.4M $116.3M
YoY Change 50.54% 53.41% 20.89%
TOTAL ASSETS
Total Short-Term Assets $219.3M $260.2M $264.7M
Total Long-Term Assets $155.3M $149.4M $116.3M
Total Assets $374.7M $409.6M $381.0M
YoY Change 2.34% 16.47% 16.16%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $27.03M $26.02M $22.70M
YoY Change -0.99% 29.47% 27.53%
Accrued Expenses $16.65M $16.58M $33.20M
YoY Change 35.38% -34.98% 37.76%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $100.0K $100.0K $0.00
YoY Change
Total Short-Term Liabilities $89.54M $84.49M $74.70M
YoY Change 17.89% 35.62% 18.38%
LONG-TERM LIABILITIES
Long-Term Debt $100.0K $100.0K $100.0K
YoY Change 0.0% 0.0% 0.0%
Other Long-Term Liabilities $8.818M $10.07M $11.10M
YoY Change -6.46% -2.23% 9.9%
Total Long-Term Liabilities $8.818M $10.07M $11.20M
YoY Change -6.46% -3.17% 9.8%
TOTAL LIABILITIES
Total Short-Term Liabilities $89.54M $84.49M $74.70M
Total Long-Term Liabilities $8.818M $10.07M $11.20M
Total Liabilities $98.99M $95.35M $88.80M
YoY Change 14.52% 26.96% 17.0%
SHAREHOLDERS EQUITY
Retained Earnings $74.36M $116.6M
YoY Change 7.2%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $63.66M $63.66M
YoY Change 70.24%
Treasury Stock Shares 3.156M shares 3.156M shares
Shareholders Equity $273.1M $311.5M $292.2M
YoY Change
Total Liabilities & Shareholders Equity $374.7M $409.6M $381.0M
YoY Change 2.34% 16.47% 16.16%

Cashflow Statement

Concept 2012 Q4 2012 Q3 2012 Q2
OPERATING ACTIVITIES
Net Income $15.01M $13.79M $17.70M
YoY Change 8.59% -19.04% -1.75%
Depreciation, Depletion And Amortization $2.900M $2.500M $2.200M
YoY Change 61.11% 38.89% 10.0%
Cash From Operating Activities $18.40M $25.80M $8.000M
YoY Change -4.66% 38.71% -50.62%
INVESTING ACTIVITIES
Capital Expenditures -$3.800M -$4.600M -$3.700M
YoY Change 72.73% 170.59% 184.62%
Acquisitions
YoY Change
Other Investing Activities $0.00 -$30.20M $0.00
YoY Change
Cash From Investing Activities -$3.800M -$34.90M -$3.600M
YoY Change 72.73% 1952.94% 176.92%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -56.60M 500.0K -11.70M
YoY Change -14250.0% -82.14% -587.5%
NET CHANGE
Cash From Operating Activities 18.40M 25.80M 8.000M
Cash From Investing Activities -3.800M -34.90M -3.600M
Cash From Financing Activities -56.60M 500.0K -11.70M
Net Change In Cash -42.00M -8.600M -7.300M
YoY Change -340.0% -143.65% -142.2%
FREE CASH FLOW
Cash From Operating Activities $18.40M $25.80M $8.000M
Capital Expenditures -$3.800M -$4.600M -$3.700M
Free Cash Flow $22.20M $30.40M $11.70M
YoY Change 3.26% 49.75% -33.14%

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1700000 USD
CY2013Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
1697000 USD
CY2012Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
3772000 USD
CY2013Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
1697000 USD
CY2012Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
1452000 USD
CY2013Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
0 USD
CY2012Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
15000 USD
CY2013Q4 us-gaap Deferred Tax Liabilities Undistributed Foreign Earnings
DeferredTaxLiabilitiesUndistributedForeignEarnings
57400000 USD
CY2012 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
1400000 USD
CY2013 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
1500000 USD
CY2011 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
1200000 USD
CY2013 us-gaap Defined Contribution Plan Maximum Annual Contributions Per Employee Percent
DefinedContributionPlanMaximumAnnualContributionsPerEmployeePercent
0.03
CY2011 us-gaap Depreciation
Depreciation
5800000 USD
CY2012 us-gaap Depreciation
Depreciation
7300000 USD
CY2013 us-gaap Depreciation
Depreciation
8300000 USD
CY2012 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
9369000 USD
CY2013 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
11421000 USD
CY2011 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
7342000 USD
CY2012Q4 us-gaap Dividend Payable Date To Be Paid Day Month And Year
DividendPayableDateToBePaidDayMonthAndYear
2012-12-11
CY2012 us-gaap Dividends Cash
DividendsCash
57275000 USD
CY2012Q4 us-gaap Dividends Cash
DividendsCash
57300000 USD
CY2012Q4 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2012-11-27
CY2012 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.08
CY2011 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.07
CY2013 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.03
CY2013Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.28
CY2013Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.30
CY2013Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.29
CY2013Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.16
CY2012Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.27
CY2012Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.26
CY2012Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.24
CY2012Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.31
CY2011 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.05
CY2013 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.02
CY2012 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.07
CY2013Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.28
CY2013Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.16
CY2013Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.27
CY2013Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.30
CY2012Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.27
CY2012Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.26
CY2012Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.24
CY2012Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.30
CY2011 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
282000 USD
CY2013 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
552000 USD
CY2012 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
218000 USD
CY2011 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.260
CY2012 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.261
CY2013 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.264
CY2011 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.000
CY2013 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.030
CY2012 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.000
CY2012 us-gaap Effective Income Tax Rate Reconciliation Deductions Other
EffectiveIncomeTaxRateReconciliationDeductionsOther
0.000
CY2011 us-gaap Effective Income Tax Rate Reconciliation Deductions Other
EffectiveIncomeTaxRateReconciliationDeductionsOther
0.000
CY2013 us-gaap Effective Income Tax Rate Reconciliation Deductions Other
EffectiveIncomeTaxRateReconciliationDeductionsOther
-0.005
CY2011 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.086
CY2012 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.101
CY2013 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.098
CY2012 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
0.010
CY2013 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
0.009
CY2011 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
0.006
CY2013 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.013
CY2011 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.001
CY2012 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.007
CY2013 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
-0.035
CY2011 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
-0.011
CY2012 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
-0.005
CY2013Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
29486000 USD
CY2012Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
25021000 USD
CY2013Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
25900000 USD
CY2013 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P3Y4M10D
CY2012 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
4900000 USD
CY2011 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
4800000 USD
CY2013 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
3900000 USD
CY2011 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
67000 USD
CY2013 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
-1308000 USD
CY2012 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
-748000 USD
CY2011 us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
67000 USD
CY2013 us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
-1308000 USD
CY2012 us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
-748000 USD
CY2011Q4 us-gaap Goodwill
Goodwill
448000 USD
CY2013 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
0 USD
CY2012Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
6915000 USD
CY2013Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
9814000 USD
CY2013Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
15159000 USD
CY2013Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
2922000 USD
CY2013Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
2254000 USD
CY2013Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
2448000 USD
CY2013Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
2513000 USD
CY2013Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
2808000 USD
CY2012Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
34278000 USD
CY2013Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
37918000 USD
CY2013Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
28104000 USD
CY2012Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
27363000 USD
CY2012 us-gaap Finitelived Intangible Assets Acquired1
FinitelivedIntangibleAssetsAcquired1
14600000 USD
CY2013 us-gaap Fiscal Period
FiscalPeriod
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:18px;text-indent:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Fiscal Periods</font></div><div style="line-height:120%;padding-top:6px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company follows a conventional 52/53 week fiscal year. Under a conventional 52/53 week fiscal year, a 52&#160;week year includes four quarters of 13 fiscal weeks while a 53 week fiscal year includes three 13 fiscal week quarters and one 14 fiscal week quarter. The last 53 week fiscal year was fiscal year 2008. All references to years in these notes to consolidated financial statements are fiscal years unless otherwise noted.</font></div></div>
CY2013 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
4000000 USD
CY2012 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
1600000 USD
CY2011 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
100000 USD
CY2012 us-gaap Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
586000 USD
CY2011 us-gaap Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
0 USD
CY2013 us-gaap Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
0 USD
CY2011 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
0 USD
CY2012 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
0 USD
CY2013 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-249000 USD
CY2013Q4 us-gaap Goodwill
Goodwill
22793000 USD
CY2012Q4 us-gaap Goodwill
Goodwill
22824000 USD
CY2012 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
21407000 USD
CY2013 us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
0 USD
CY2011 us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
0 USD
CY2012 us-gaap Goodwill Translation Adjustments
GoodwillTranslationAdjustments
969000 USD
CY2013 us-gaap Goodwill Translation Adjustments
GoodwillTranslationAdjustments
-31000 USD
CY2011 us-gaap Gross Profit
GrossProfit
294134000 USD
CY2012 us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
0 USD
CY2013 us-gaap Gross Profit
GrossProfit
358827000 USD
CY2012 us-gaap Gross Profit
GrossProfit
326251000 USD
CY2013Q3 us-gaap Gross Profit
GrossProfit
87479000 USD
CY2013Q2 us-gaap Gross Profit
GrossProfit
91232000 USD
CY2013Q1 us-gaap Gross Profit
GrossProfit
89581000 USD
CY2013Q4 us-gaap Gross Profit
GrossProfit
90536000 USD
CY2012Q3 us-gaap Gross Profit
GrossProfit
78333000 USD
CY2012Q2 us-gaap Gross Profit
GrossProfit
81432000 USD
CY2012Q4 us-gaap Gross Profit
GrossProfit
87181000 USD
CY2012Q1 us-gaap Gross Profit
GrossProfit
79305000 USD
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
50782000 USD
CY2012 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
59216000 USD
CY2011 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
62730000 USD
CY2012 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
24605000 USD
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
24944000 USD
CY2011 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
23801000 USD
CY2012 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
83821000 USD
CY2011 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
86531000 USD
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
75726000 USD
CY2012 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
21883000 USD
CY2011 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
22478000 USD
CY2013 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
20005000 USD
CY2013 us-gaap Income Tax Holiday Aggregate Dollar Amount
IncomeTaxHolidayAggregateDollarAmount
600000 USD
CY2013 us-gaap Income Taxes Paid
IncomeTaxesPaid
29979000 USD
CY2012 us-gaap Income Taxes Paid
IncomeTaxesPaid
28691000 USD
CY2011 us-gaap Income Taxes Paid
IncomeTaxesPaid
22823000 USD
CY2012 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-1726000 USD
CY2013 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
968000 USD
CY2011 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
5159000 USD
CY2013 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
9576000 USD
CY2011 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
7549000 USD
CY2012 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
10130000 USD
CY2013 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-381000 USD
CY2012 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
198000 USD
CY2011 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-89000 USD
CY2011 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
2515000 USD
CY2012 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
2939000 USD
CY2013 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
6406000 USD
CY2012 us-gaap Increase Decrease In Deferred Charges
IncreaseDecreaseInDeferredCharges
409000 USD
CY2013 us-gaap Increase Decrease In Deferred Charges
IncreaseDecreaseInDeferredCharges
9594000 USD
CY2011 us-gaap Increase Decrease In Deferred Charges
IncreaseDecreaseInDeferredCharges
4526000 USD
CY2011 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-921000 USD
CY2013 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
1467000 USD
CY2012 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
2850000 USD
CY2013 us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
4557000 USD
CY2012 us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
4827000 USD
CY2011 us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
-1333000 USD
CY2012 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-539000 USD
CY2013 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
9453000 USD
CY2011 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
916000 USD
CY2012 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
2193000 USD
CY2011 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
1502000 USD
CY2013 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-2206000 USD
CY2012 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-2203000 USD
CY2013 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-842000 USD
CY2011 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
1061000 USD
CY2013 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
2792000 USD
CY2012 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
-186000 USD
CY2012 us-gaap Increase Decrease In Prepaid Taxes
IncreaseDecreaseInPrepaidTaxes
-1255000 USD
CY2011 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
1874000 USD
CY2013 us-gaap Increase Decrease In Prepaid Taxes
IncreaseDecreaseInPrepaidTaxes
1660000 USD
CY2013Q4 us-gaap Liabilities
Liabilities
112261000 USD
CY2011 us-gaap Increase Decrease In Prepaid Taxes
IncreaseDecreaseInPrepaidTaxes
-366000 USD
CY2013 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
790000 shares
CY2012 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
929000 shares
CY2011 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1186000 shares
CY2013Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
28104000 USD
CY2012Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
27363000 USD
CY2011 us-gaap Interest Paid Net
InterestPaidNet
116000 USD
CY2013 us-gaap Interest Paid Net
InterestPaidNet
28000 USD
CY2012 us-gaap Interest Paid Net
InterestPaidNet
44000 USD
CY2013Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
23745000 USD
CY2012Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
17798000 USD
CY2013Q4 us-gaap Inventory Net
InventoryNet
56813000 USD
CY2012Q4 us-gaap Inventory Net
InventoryNet
47358000 USD
CY2012Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
24704000 USD
CY2013Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
26758000 USD
CY2012Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
4856000 USD
CY2013Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
6310000 USD
CY2013 us-gaap Investment Tax Credit
InvestmentTaxCredit
500000 USD
CY2011 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
3800000 USD
CY2013 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
5100000 USD
CY2012 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
4600000 USD
CY2012Q4 us-gaap Liabilities
Liabilities
98993000 USD
CY2012Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
374661000 USD
CY2013Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
438662000 USD
CY2012Q4 us-gaap Liabilities Current
LiabilitiesCurrent
89539000 USD
CY2013Q4 us-gaap Liabilities Current
LiabilitiesCurrent
103790000 USD
CY2012 us-gaap Litigation Settlement Expense
LitigationSettlementExpense
0 USD
CY2011 us-gaap Litigation Settlement Expense
LitigationSettlementExpense
0 USD
CY2013 us-gaap Litigation Settlement Expense
LitigationSettlementExpense
8010000 USD
CY2013Q4 us-gaap Minority Interest
MinorityInterest
-68000 USD
CY2012Q4 us-gaap Minority Interest
MinorityInterest
2589000 USD
CY2013Q4 us-gaap Money Market Funds At Carrying Value
MoneyMarketFundsAtCarryingValue
1800000 USD
CY2012Q4 us-gaap Money Market Funds At Carrying Value
MoneyMarketFundsAtCarryingValue
1600000 USD
CY2013 us-gaap Nature Of Operations
NatureOfOperations
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Description of the Company</font></div><div style="line-height:120%;padding-top:6px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Masimo Corporation, or the Company, is a global medical technology company that develops, manufactures, and markets noninvasive patient monitoring products. The Company&#8217;s mission is to improve patient outcomes and reduce cost of care by taking noninvasive monitoring to new sites and applications. The Company invented Masimo Signal Extraction Technology, or Masimo SET</font><font style="font-family:inherit;font-size:7pt;"><sup style="vertical-align:top;line-height:120%;font-size:5pt">&#174;</sup></font><font style="font-family:inherit;font-size:10pt;">, which provides the capabilities of Measure-Through Motion and Low Perfusion pulse oximetry to address the primary limitations of conventional pulse oximetry. The Company has also developed Masimo rainbow</font><font style="font-family:inherit;font-size:7pt;"><sup style="vertical-align:top;line-height:120%;font-size:5pt">&#174;</sup></font><font style="font-family:inherit;font-size:10pt;"> SET products which monitor multiple blood measurements, including oxygen content, carboxyhemoglobin, methemoglobin and hemoglobin. Additional rainbow</font><font style="font-family:inherit;font-size:7pt;"><sup style="vertical-align:top;line-height:120%;font-size:5pt">&#174;</sup></font><font style="font-family:inherit;font-size:10pt;"> SET measurements that assist clinicians are PVI</font><font style="font-family:inherit;font-size:7pt;"><sup style="vertical-align:top;line-height:120%;font-size:5pt">&#174;</sup></font><font style="font-family:inherit;font-size:10pt;">, RR</font><font style="font-family:inherit;font-size:7pt;"><sup style="vertical-align:top;line-height:120%;font-size:5pt">&#8482;</sup></font><font style="font-family:inherit;font-size:10pt;">, SpfO</font><font style="font-family:inherit;font-size:8pt;"><sub style="vertical-align:bottom;line-height:120%;font-size:5pt">2</sub></font><font style="font-family:inherit;font-size:7pt;"><sup style="vertical-align:top;line-height:120%;font-size:5pt">&#8482;</sup></font><font style="font-family:inherit;font-size:10pt;">, Halo Index</font><font style="font-family:inherit;font-size:7pt;"><sup style="vertical-align:top;line-height:120%;font-size:5pt">&#8482;</sup></font><font style="font-family:inherit;font-size:10pt;"> and In Vivo Adjustment</font><font style="font-family:inherit;font-size:7pt;"><sup style="vertical-align:top;line-height:120%;font-size:5pt">&#8482;</sup></font><font style="font-family:inherit;font-size:10pt;">. The Company develops, manufactures and markets a family of patient monitoring solutions which incorporate a monitor or circuit board and sensors, including proprietary single-patient use, reusable and resposable sensors, and cables. The Company considers the pulse oximetry device (monitor or circuit board), its sensors and cables and software fees to be products as defined in its consolidated statements of comprehensive income. The Company sells to hospitals and the alternate care market through its direct sales force and distributors, and markets its circuit boards containing the Company&#8217;s proprietary algorithm and software architecture to original equipment manufacturer, or OEM, partners.</font></div></div>
CY2011 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-30154000 USD
CY2013 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-17941000 USD
CY2012 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-82089000 USD
CY2011 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-7508000 USD
CY2013 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-13016000 USD
CY2012 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-51891000 USD
CY2013 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
54317000 USD
CY2011 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
78957000 USD
CY2012 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
75434000 USD
CY2011 us-gaap Net Income Loss
NetIncomeLoss
63700000 USD
CY2012 us-gaap Net Income Loss
NetIncomeLoss
62272000 USD
CY2013 us-gaap Net Income Loss
NetIncomeLoss
58381000 USD
CY2013Q3 us-gaap Net Income Loss
NetIncomeLoss
15602000 USD
CY2013Q2 us-gaap Net Income Loss
NetIncomeLoss
17038000 USD
CY2013Q4 us-gaap Net Income Loss
NetIncomeLoss
9313000 USD
CY2013Q1 us-gaap Net Income Loss
NetIncomeLoss
16428000 USD
CY2012Q2 us-gaap Net Income Loss
NetIncomeLoss
17697000 USD
CY2012Q4 us-gaap Net Income Loss
NetIncomeLoss
15007000 USD
CY2012Q3 us-gaap Net Income Loss
NetIncomeLoss
13794000 USD
CY2012Q1 us-gaap Net Income Loss
NetIncomeLoss
15774000 USD
CY2012 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-334000 USD
CY2013 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-2660000 USD
CY2011 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
353000 USD
CY2013 us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
1000 USD
CY2011 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
14000 USD
CY2013 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-3991000 USD
CY2012 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-1405000 USD
CY2013 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
CY2013Q4 us-gaap Off Market Lease Unfavorable
OffMarketLeaseUnfavorable
1358000 USD
CY2012Q4 us-gaap Off Market Lease Unfavorable
OffMarketLeaseUnfavorable
1977000 USD
CY2013 us-gaap Operating Expenses
OperatingExpenses
279110000 USD
CY2012 us-gaap Operating Expenses
OperatingExpenses
241025000 USD
CY2011 us-gaap Operating Expenses
OperatingExpenses
207617000 USD
CY2013 us-gaap Operating Income Loss
OperatingIncomeLoss
79717000 USD
CY2011 us-gaap Operating Income Loss
OperatingIncomeLoss
86517000 USD
CY2012 us-gaap Operating Income Loss
OperatingIncomeLoss
85226000 USD
CY2013Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
23141000 USD
CY2013Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
20743000 USD
CY2013Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
23180000 USD
CY2013Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
12653000 USD
CY2012Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
22673000 USD
CY2012Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
22273000 USD
CY2012Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
17952000 USD
CY2012Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
22328000 USD
CY2013Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
17336000 USD
CY2013Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
5336000 USD
CY2013Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
1081000 USD
CY2013Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
1696000 USD
CY2013Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
3221000 USD
CY2013Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
3893000 USD
CY2013Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
2109000 USD
CY2012Q4 us-gaap Other Assets Current
OtherAssetsCurrent
3896000 USD
CY2013Q4 us-gaap Other Assets Current
OtherAssetsCurrent
2841000 USD
CY2013Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
6822000 USD
CY2012Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
8022000 USD
CY2012 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
2100000 USD
CY2013 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
453000 USD
CY2012 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
2268000 USD
CY2011 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
349000 USD
CY2012 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
-168000 USD
CY2013Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
7680000 USD
CY2012Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
8818000 USD
CY2013 us-gaap Payments For Proceeds From Derivative Instrument Financing Activities
PaymentsForProceedsFromDerivativeInstrumentFinancingActivities
0 USD
CY2013 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 USD
CY2012 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
3664000 USD
CY2011 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
2451000 USD
CY2012 us-gaap Payments For Proceeds From Derivative Instrument Financing Activities
PaymentsForProceedsFromDerivativeInstrumentFinancingActivities
-586000 USD
CY2011 us-gaap Payments For Proceeds From Derivative Instrument Financing Activities
PaymentsForProceedsFromDerivativeInstrumentFinancingActivities
0 USD
CY2012 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
37399000 USD
CY2011 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 USD
CY2013 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
19790000 USD
CY2012 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
26268000 USD
CY2011 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
36187000 USD
CY2013 us-gaap Payments Of Dividends
PaymentsOfDividends
0 USD
CY2011 us-gaap Payments Of Dividends
PaymentsOfDividends
0 USD
CY2012 us-gaap Payments Of Dividends
PaymentsOfDividends
57275000 USD
CY2013 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
3926000 USD
CY2011 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
5057000 USD
CY2013 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
9090000 USD
CY2012 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
10828000 USD
CY2012Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2013Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2013Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000 shares
CY2012Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000 shares
CY2012Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2013Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2013Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2012Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2013Q4 us-gaap Preferred Stock Value Outstanding
PreferredStockValueOutstanding
0 USD
CY2012Q4 us-gaap Preferred Stock Value Outstanding
PreferredStockValueOutstanding
0 USD
CY2013Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
9243000 USD
CY2012Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
6507000 USD
CY2013Q4 us-gaap Prepaid Taxes
PrepaidTaxes
3740000 USD
CY2012Q4 us-gaap Prepaid Taxes
PrepaidTaxes
2080000 USD
CY2013 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:17px;text-align:left;padding-left:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Reclassifications </font></div><div style="line-height:120%;padding-top:6px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Certain amounts in the consolidated financial statements for prior periods have been reclassified to conform to current period presentation. </font></div></div>
CY2011 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
5943000 USD
CY2013 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
3289000 USD
CY2012 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
1642000 USD
CY2011Q1 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
544000 USD
CY2013Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
1161000 USD
CY2011Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
698000 USD
CY2012Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
838000 USD
CY2013 us-gaap Product Warranty Accrual Period Increase Decrease
ProductWarrantyAccrualPeriodIncreaseDecrease
-3117000 USD
CY2011 us-gaap Product Warranty Accrual Period Increase Decrease
ProductWarrantyAccrualPeriodIncreaseDecrease
-2592000 USD
CY2012 us-gaap Product Warranty Accrual Period Increase Decrease
ProductWarrantyAccrualPeriodIncreaseDecrease
-2489000 USD
CY2011 us-gaap Product Warranty Expense
ProductWarrantyExpense
2438000 USD
CY2012 us-gaap Product Warranty Expense
ProductWarrantyExpense
2349000 USD
CY2013 us-gaap Product Warranty Expense
ProductWarrantyExpense
2794000 USD
CY2011 us-gaap Profit Loss
ProfitLoss
64053000 USD
CY2012 us-gaap Profit Loss
ProfitLoss
61938000 USD
CY2013 us-gaap Profit Loss
ProfitLoss
55721000 USD
CY2013Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
70886000 USD
CY2012Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
63022000 USD
CY2012Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
23924000 USD
CY2013Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
24866000 USD
CY2012 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
231000 USD
CY2011 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
231000 USD
CY2013 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
728000 USD
CY2013Q4 us-gaap Receivables Net Current
ReceivablesNetCurrent
84059000 USD
CY2012Q4 us-gaap Receivables Net Current
ReceivablesNetCurrent
75041000 USD
CY2013 us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
132000 USD
CY2012 us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
26000 USD
CY2011 us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
50000 USD
CY2013 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
55631000 USD
CY2012 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
47077000 USD
CY2011 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
38412000 USD
CY2012Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
74361000 USD
CY2013Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
132742000 USD
CY2012 us-gaap Revenues
Revenues
493233000 USD
CY2011 us-gaap Revenues
Revenues
438988000 USD
CY2013 us-gaap Revenues
Revenues
547245000 USD
CY2013Q2 us-gaap Revenues
Revenues
137422000 USD
CY2013Q3 us-gaap Revenues
Revenues
131447000 USD
CY2013Q1 us-gaap Revenues
Revenues
135942000 USD
CY2013Q4 us-gaap Revenues
Revenues
142435000 USD
CY2012Q1 us-gaap Revenues
Revenues
119228000 USD
CY2012Q4 us-gaap Revenues
Revenues
132161000 USD
CY2012Q3 us-gaap Revenues
Revenues
119069000 USD
CY2012Q2 us-gaap Revenues
Revenues
122775000 USD
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMaximum
0.396
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMaximum
0.432
CY2012 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
193948000 USD
CY2011 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
169205000 USD
CY2013 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
215469000 USD
CY2013 us-gaap Share Based Compensation
ShareBasedCompensation
11674000 USD
CY2011 us-gaap Share Based Compensation
ShareBasedCompensation
13676000 USD
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMaximum
0.426
CY2012 us-gaap Share Based Compensation
ShareBasedCompensation
14097000 USD
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.00
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.00
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.00
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMinimum
0.367
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMinimum
0.366
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
0.018
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
0.013
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
0.009
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
0.007
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
0.025
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
0.007
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMinimum
0.312
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
5795000 shares
CY2011Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
3493000 shares
CY2011Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
19.45
CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
4934000 shares
CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
4632000 shares
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
5188000 shares
CY2011Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
3636000 shares
CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
21.29
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
22.69
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
4200000 USD
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
12400000 USD
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
3100000 USD
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
0 shares
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
0 shares
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
0 shares
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
447000 shares
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
312000 shares
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
795000 shares
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
2277000 shares
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
754000 shares
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
1653000 shares
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
7.53
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
9.44
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
7.98
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
59900000 USD
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
8911000 shares
CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
8368000 shares
CY2011Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
6941000 shares
CY2011Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
8277000 shares
CY2011Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
22.68
CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
22.78
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
22.76
CY2011Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
21.32
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue
37000000 USD
CY2012 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
7.62
CY2013 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
10.49
CY2011 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
9.44
CY2011 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
0.00
CY2013 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
0.00
CY2012 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
0.00
CY2013 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
24.53
CY2011 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
27.62
CY2012 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
27.30
CY2011 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
23.85
CY2012 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
22.17
CY2013 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
21.17
CY2013 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P4Y6M
CY2013 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P6Y1M13D
CY2012 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P6Y4M24D
CY2012 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
14300000 USD
CY2011 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
12100000 USD
CY2013 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
12300000 USD
CY2013Q4 us-gaap Short Term Investments
ShortTermInvestments
0 USD
CY2012Q4 us-gaap Short Term Investments
ShortTermInvestments
0 USD
CY2011 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
629000 shares
CY2013 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
315000 shares
CY2012 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
216000 shares
CY2012 us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
10000 USD
CY2011 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
5943000 USD
CY2013 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
3290000 USD
CY2012 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
1642000 USD
CY2013Q1 us-gaap Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased
6000000.0 shares
CY2011Q3 us-gaap Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased
3000000.0 shares
CY2013Q1 us-gaap Stock Repurchase Program Period In Force1
StockRepurchaseProgramPeriodInForce1
P36M
CY2012Q4 us-gaap Stockholders Equity
StockholdersEquity
273079000 USD
CY2013Q4 us-gaap Stockholders Equity
StockholdersEquity
326469000 USD
CY2012Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
275668000 USD
CY2013Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
326401000 USD
CY2011Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
230039000 USD
CY2011Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
279666000 USD
CY2012Q4 us-gaap Tax Credit Carryforward Deferred Tax Asset
TaxCreditCarryforwardDeferredTaxAsset
2492000 USD
CY2013Q4 us-gaap Tax Credit Carryforward Deferred Tax Asset
TaxCreditCarryforwardDeferredTaxAsset
3203000 USD
CY2013 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
19.79
CY2012 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
22.74
CY2011 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
19.61
CY2012Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
3156000 shares
CY2013Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
4156000 shares
CY2012 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
1200000 shares
CY2013 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
1000000 shares
CY2011 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
1800000 shares
CY2012Q4 us-gaap Treasury Stock Value
TreasuryStockValue
63664000 USD
CY2013Q4 us-gaap Treasury Stock Value
TreasuryStockValue
83454000 USD
CY2012 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
26268000 USD
CY2011 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
36187000 USD
CY2013 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
19791000 USD
CY2013Q4 us-gaap Us Government Agencies Securities At Carrying Value
USGovernmentAgenciesSecuritiesAtCarryingValue
26000000 USD
CY2012Q4 us-gaap Us Government Agencies Securities At Carrying Value
USGovernmentAgenciesSecuritiesAtCarryingValue
32000000 USD
CY2011Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
8366000 USD
CY2012Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
6685000 USD
CY2013Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
6630000 USD
CY2012 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
1725000 USD
CY2013 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
443000 USD
CY2012Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
800000 USD
CY2011Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
700000 USD
CY2013Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
900000 USD
CY2013 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
695000 USD
CY2012 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
47000 USD
CY2013Q4 us-gaap Unrecorded Unconditional Purchase Obligation Balance Sheet Amount
UnrecordedUnconditionalPurchaseObligationBalanceSheetAmount
61400000 USD
CY2012 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
563000 USD
CY2013 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
265000 USD
CY2013 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
572000 USD
CY2012 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
566000 USD
CY2013 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:18px;text-indent:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Use of Estimates</font></div><div style="line-height:120%;padding-top:6px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company prepares its financial statements in conformity with GAAP, which requires the Company to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the dates of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Significant estimates include: determination of accounts receivable allowances, inventory reserves, warranty reserves, rebate reserves, valuation of the Company&#8217;s stock options, goodwill valuation, deferred taxes and any associated valuation allowances, distributor channel inventory, royalty revenues, deferred revenue, uncertain income tax positions, property taxes, litigation costs and related accruals. Actual results could differ from those estimates.</font></div></div>
CY2011 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
60845000 shares
CY2013 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
57480000 shares
CY2012 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
58374000 shares
CY2012 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
57445000 shares
CY2011 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
59659000 shares
CY2013 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
56690000 shares
CY2013Q4 masi Accrued Liabilities And Compensation
AccruedLiabilitiesAndCompensation
52514000 USD
CY2012Q4 masi Accrued Liabilities And Compensation
AccruedLiabilitiesAndCompensation
41669000 USD
CY2011 masi Adjustment To Additional Paid In Capital Short Swing Profit Recovery
AdjustmentToAdditionalPaidInCapitalShortSwingProfitRecovery
73000 USD
CY2013Q4 masi Amount Amortized By Company
AmountAmortizedByCompany
200000 USD
CY2012Q4 masi Amount Amortized By Company
AmountAmortizedByCompany
200000 USD
CY2011Q4 masi Amount Amortized By Company
AmountAmortizedByCompany
200000 USD
CY2012Q4 masi Amount Of Unrecognized Benefits Affecting Future Tax Rate
AmountOfUnrecognizedBenefitsAffectingFutureTaxRate
5700000 USD
CY2013Q4 masi Amount Of Unrecognized Benefits Affecting Future Tax Rate
AmountOfUnrecognizedBenefitsAffectingFutureTaxRate
5600000 USD
CY2013Q4 masi Bank Balances
BankBalances
67700000 USD
CY2013 masi Concentration Risk Justintime Distributors
ConcentrationRiskJustintimeDistributors
2 distributor
CY2012 masi Concentration Risk Justintime Distributors
ConcentrationRiskJustintimeDistributors
1 distributor
CY2012Q4 masi Deferred Cost Of Goods Sold
DeferredCostOfGoodsSold
52103000 USD
CY2013Q4 masi Deferred Cost Of Goods Sold
DeferredCostOfGoodsSold
61714000 USD
CY2012Q4 masi Deferred Tax Assets Acquired Intangibles
DeferredTaxAssetsAcquiredIntangibles
587000 USD
CY2013Q4 masi Deferred Tax Assets Acquired Intangibles
DeferredTaxAssetsAcquiredIntangibles
507000 USD
CY2012Q4 masi Deferred Tax Liabilities Acquired Intangibles
DeferredTaxLiabilitiesAcquiredIntangibles
2305000 USD
CY2013Q4 masi Deferred Tax Liabilities Acquired Intangibles
DeferredTaxLiabilitiesAcquiredIntangibles
0 USD
CY2007Q4 masi Dividends Declared For Outstanding Common Stock
DividendsDeclaredForOutstandingCommonStock
One preferred stock purchase right
CY2013 masi Earnings Per Share Diluted Effectof Foreign Tax Benefit Relatingto Businessand Employment Actions
EarningsPerShareDilutedEffectofForeignTaxBenefitRelatingtoBusinessandEmploymentActions
0.02
CY2012 masi Earnings Per Share Diluted Effectof Foreign Tax Benefit Relatingto Businessand Employment Actions
EarningsPerShareDilutedEffectofForeignTaxBenefitRelatingtoBusinessandEmploymentActions
0.02
CY2007Q4 masi Final Expiration Date Of Right
FinalExpirationDateOfRight
2017-11-08
CY2013Q4 masi Finite Lived Patents Gross Not Amortized
FiniteLivedPatentsGrossNotAmortized
6700000 USD
CY2012Q4 masi Finite Lived Patents Gross Not Amortized
FiniteLivedPatentsGrossNotAmortized
5400000 USD
CY2013Q4 masi Finite Lived Trademarks Gross Not Amortized
FiniteLivedTrademarksGrossNotAmortized
700000 USD
CY2012Q4 masi Finite Lived Trademarks Gross Not Amortized
FiniteLivedTrademarksGrossNotAmortized
600000 USD
CY2013 masi Foreign Tax Expense Benefit Businessand Employment Actions
ForeignTaxExpenseBenefitBusinessandEmploymentActions
-1200000 USD
CY2012 masi Foreign Tax Expense Benefit Businessand Employment Actions
ForeignTaxExpenseBenefitBusinessandEmploymentActions
-1200000 USD
CY2012 masi Income Tax Benefit From Exercise Of Stock Options Granted
IncomeTaxBenefitFromExerciseOfStockOptionsGranted
338000 USD
CY2011 masi Income Tax Benefit From Exercise Of Stock Options Granted
IncomeTaxBenefitFromExerciseOfStockOptionsGranted
1650000 USD
CY2013 masi Income Tax Benefit From Exercise Of Stock Options Granted
IncomeTaxBenefitFromExerciseOfStockOptionsGranted
693000 USD
CY2013 masi Increase Decrease In Royalties Receivable
IncreaseDecreaseInRoyaltiesReceivable
170000 USD
CY2011 masi Increase Decrease In Royalties Receivable
IncreaseDecreaseInRoyaltiesReceivable
-4898000 USD
CY2012 masi Increase Decrease In Royalties Receivable
IncreaseDecreaseInRoyaltiesReceivable
28000 USD
CY2013 masi Indefinitely Carryforward Research And Development Credits
IndefinitelyCarryforwardResearchAndDevelopmentCredits
2700000 USD
CY2013 masi Initial Term Of Executive Employment Agreement
InitialTermOfExecutiveEmploymentAgreement
P3Y
CY2012Q4 masi Intangible Assets Acquired Aggregate Value Acquired Technology
IntangibleAssetsAcquiredAggregateValueAcquiredTechnology
5300000 USD
CY2012Q4 masi Intangible Assets Acquired Aggregate Value Customer Relationship
IntangibleAssetsAcquiredAggregateValueCustomerRelationship
7200000 USD
CY2012Q4 masi Intangible Assets Acquired Aggregate Value Patents
IntangibleAssetsAcquiredAggregateValuePatents
1000000 USD
CY2012Q4 masi Intangible Assets Acquired Aggregate Value Trademarks
IntangibleAssetsAcquiredAggregateValueTrademarks
1100000 USD
CY2013Q4 masi Inventory Finished Goods Held By Distributors
InventoryFinishedGoodsHeldByDistributors
3400000 USD
CY2012Q4 masi Inventory Finished Goods Held By Distributors
InventoryFinishedGoodsHeldByDistributors
3000000 USD
CY2013Q4 masi License Fees Individual
LicenseFeesIndividual
500000 USD
CY2013 masi Number Of Days After Which Royalty Report And Payment Is Received
NumberOfDaysAfterWhichRoyaltyReportAndPaymentIsReceived
P60D
CY2007Q4 masi Number Of Rights To Be Issued With Each Share Of Common Stock
NumberOfRightsToBeIssuedWithEachShareOfCommonStock
1 shares
CY2007Q1 masi Numberof Companieswith Rightsto Intellectual Property
NumberofCompanieswithRightstoIntellectualProperty
2 company
CY2013Q4 masi Numberof Parameters
NumberofParameters
5 parameter
CY2014Q1 masi Numberof Participantsinthe Surfactant Positive Pressureand Oxygenation Randomized Trial
NumberofParticipantsintheSurfactantPositivePressureandOxygenationRandomizedTrial
2 participant
CY2013 masi Numberof Sourcesof Product Revenue
NumberofSourcesofProductRevenue
4 segment
CY2013Q4 masi Operating And Capital Leases Future Minimum Payments Due Current
OperatingAndCapitalLeasesFutureMinimumPaymentsDueCurrent
5461000 USD
CY2013Q4 masi Operating Loss Carryforwards Gross
OperatingLossCarryforwardsGross
200000 USD
CY2012 masi Percentage Of Accounts Receivable Balance From One Just In Time Distributor
PercentageOfAccountsReceivableBalanceFromOneJustInTimeDistributor
0.05
CY2011 masi Percentage Of Product Revenue Based On Geographic Area By Destination
PercentageOfProductRevenueBasedOnGeographicAreaByDestination
1
CY2012 masi Percentage Of Product Revenue Based On Geographic Area By Destination
PercentageOfProductRevenueBasedOnGeographicAreaByDestination
1
CY2013 masi Percentage Of Product Revenue Based On Geographic Area By Destination
PercentageOfProductRevenueBasedOnGeographicAreaByDestination
1
CY2011 masi Percentage Of Shares Outstanding
PercentageOfSharesOutstanding
0.03
CY2011 masi Percentage Of Shares Outstanding
PercentageOfSharesOutstanding
0.03
CY2013Q4 masi Potential Deferred Tax Expense Undistributed Foreign Earnings
PotentialDeferredTaxExpenseUndistributedForeignEarnings
17600000 USD
CY2007Q4 masi Preferred Stock Voting Rights Per Share
PreferredStockVotingRightsPerShare
1.000
CY2011 masi Proceeds From Disgorgement Of Stockholder Short Swing Profits
ProceedsFromDisgorgementOfStockholderShortSwingProfits
73000 USD
CY2013 masi Proceeds From Disgorgement Of Stockholder Short Swing Profits
ProceedsFromDisgorgementOfStockholderShortSwingProfits
0 USD
CY2012 masi Proceeds From Disgorgement Of Stockholder Short Swing Profits
ProceedsFromDisgorgementOfStockholderShortSwingProfits
0 USD
CY2013 masi Product Life Estimate
ProductLifeEstimate
P7Y
CY2012 masi Product Revenue
ProductRevenue
464928000 USD
CY2013 masi Product Revenue
ProductRevenue
517429000 USD
CY2011 masi Product Revenue
ProductRevenue
406487000 USD
CY2013 masi Rate Of Royalty Agreed To Be Paid
RateOfRoyaltyAgreedToBePaid
0.0775
CY2012Q4 masi Royalties Receivables
RoyaltiesReceivables
7130000 USD
CY2013Q4 masi Royalties Receivables
RoyaltiesReceivables
7300000 USD
CY2011 masi Royalty
Royalty
32501000 USD
CY2013 masi Royalty
Royalty
29816000 USD
CY2012 masi Royalty
Royalty
28305000 USD
masi Royalty Rate Percentage
RoyaltyRatePercentage
0.13
masi Royalty Rate Percentage
RoyaltyRatePercentage
0.0775
CY2013 masi Royalty Revenue Numberof Days Royalty Revenueis Adjusted Subsequentto Quarter End
RoyaltyRevenueNumberofDaysRoyaltyRevenueisAdjustedSubsequenttoQuarterEnd
P60D
CY2013Q4 masi Severance Plan Participation Agreements
SeverancePlanParticipationAgreements
6 Agreement
CY2013 masi Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term Price Below Market Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTermPriceBelowMarketValue
P6Y4M14D
CY2013 masi Statutory Regular Federal Income Tax Rate
StatutoryRegularFederalIncomeTaxRate
0.35
CY2012 masi Statutory Regular Federal Income Tax Rate
StatutoryRegularFederalIncomeTaxRate
0.35
CY2011 masi Statutory Regular Federal Income Tax Rate
StatutoryRegularFederalIncomeTaxRate
0.35
CY2013 masi Supplemental Unemployment Benefits Severance Benefits Required Noticeof Resignation
SupplementalUnemploymentBenefitsSeveranceBenefitsRequiredNoticeofResignation
P6M
CY2013 masi Tax And Accrued Interest Related To Uncertain Tax Positions Increase Decrease
TaxAndAccruedInterestRelatedToUncertainTaxPositionsIncreaseDecrease
300000 USD
CY2012 masi Tax And Accrued Interest Related To Uncertain Tax Positions Increase Decrease
TaxAndAccruedInterestRelatedToUncertainTaxPositionsIncreaseDecrease
-1700000 USD
CY2011 masi Tax And Accrued Interest Related To Uncertain Tax Positions Increase Decrease
TaxAndAccruedInterestRelatedToUncertainTaxPositionsIncreaseDecrease
900000 USD
CY2012 masi Treasury Stock Acquired Value
TreasuryStockAcquiredValue
26300000 USD
CY2013 masi Treasury Stock Acquired Value
TreasuryStockAcquiredValue
19800000 USD
CY2011 masi Treasury Stock Acquired Value
TreasuryStockAcquiredValue
36200000 USD
CY2013Q4 masi Unamortized Cost By Company
UnamortizedCostByCompany
300000 USD
CY2012Q4 masi Unamortized Cost By Company
UnamortizedCostByCompany
500000 USD
CY2013Q4 masi Unrecognized Tax Benefits Liabilities Noncurrent
UnrecognizedTaxBenefitsLiabilitiesNoncurrent
5769000 USD
CY2012Q4 masi Unrecognized Tax Benefits Liabilities Noncurrent
UnrecognizedTaxBenefitsLiabilitiesNoncurrent
6123000 USD
CY2013Q4 masi Variable Interest Entities Other Assets Long Term
VariableInterestEntitiesOtherAssetsLongTerm
6822000 USD
CY2012Q4 masi Variable Interest Entities Other Assets Long Term
VariableInterestEntitiesOtherAssetsLongTerm
8022000 USD
CY2013Q4 masi Variable Interest Entities Prepaid Expenses
VariableInterestEntitiesPrepaidExpenses
12983000 USD
CY2012Q4 masi Variable Interest Entities Prepaid Expenses
VariableInterestEntitiesPrepaidExpenses
8587000 USD
CY2013 dei Amendment Flag
AmendmentFlag
false
CY2013 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-28
CY2013 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2013 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2013
CY2013 dei Document Period End Date
DocumentPeriodEndDate
2013-12-28
CY2013 dei Document Type
DocumentType
10-K
CY2013 dei Entity Central Index Key
EntityCentralIndexKey
0000937556
CY2014Q1 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
56705362 shares
CY2013 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2013 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2013Q2 dei Entity Public Float
EntityPublicFloat
789900000 USD
CY2013 dei Entity Registrant Name
EntityRegistrantName
MASIMO CORP
CY2013 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2013 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
Yes
CY2013 dei Trading Symbol
TradingSymbol
MASI

Files In Submission

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