2016 Q1 Form 10-K Financial Statement

#000082705416000344 Filed on May 24, 2016

View on sec.gov

Income Statement

Concept 2016 Q1 2016 2015 Q1
Revenue $557.6M $2.173B $543.2M
YoY Change 2.66% 1.22% 10.1%
Cost Of Revenue $254.9M $967.8M $229.6M
YoY Change 11.02% 5.49% 13.21%
Gross Profit $302.8M $1.206B $313.6M
YoY Change -3.46% -1.96% 7.93%
Gross Profit Margin 54.3% 55.47% 57.74%
Selling, General & Admin $78.30M $301.7M $67.80M
YoY Change 15.49% 9.78% 3.83%
% of Gross Profit 25.86% 25.03% 21.62%
Research & Development $95.60M $372.6M $87.70M
YoY Change 9.01% 6.6% 13.31%
% of Gross Profit 31.57% 30.91% 27.96%
Depreciation & Amortization $75.50M $283.2M $73.20M
YoY Change 3.14% 1.76% 61.23%
% of Gross Profit 24.94% 23.49% 23.34%
Operating Expenses $222.0M $853.2M $202.5M
YoY Change 9.63% 6.13% 23.48%
Operating Profit $79.95M $352.3M $110.3M
YoY Change -27.55% -17.23% -12.45%
Interest Expense -$21.00M $104.0M -$15.00M
YoY Change 40.0% 67.65% 97.37%
% of Operating Profit -26.27% 29.52% -13.59%
Other Income/Expense, Net -$1.300M $8.900M $17.30M
YoY Change -107.51% -35.24% -8750.0%
Pretax Income $57.60M $281.3M $62.00M
YoY Change -7.1% -18.68% -47.55%
Income Tax -$9.700M -$42.60M -$36.60M
% Of Pretax Income -16.84% -15.14% -59.03%
Net Earnings $67.36M $324.1M $99.40M
YoY Change -32.24% -12.17% -10.85%
Net Earnings / Revenue 12.08% 14.91% 18.3%
Basic Earnings Per Share $1.59
Diluted Earnings Per Share $0.31 $1.49 $0.45
COMMON SHARES
Basic Shares Outstanding 203.5M shares 203.4M shares 201.4M shares
Diluted Shares Outstanding 217.4M shares

Balance Sheet

Concept 2016 Q1 2016 2015 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.446B $2.446B $1.959B
YoY Change 24.86% 24.86% 45.65%
Cash & Equivalents $2.093B $2.093B $607.8M
Short-Term Investments $353.0M $353.0M $1.351B
Other Short-Term Assets $11.69M $54.00M $32.60M
YoY Change -64.15% -64.71% 61.1%
Inventory $306.8M $307.0M $279.5M
Prepaid Expenses $41.99M $34.72M
Receivables $290.2M $286.0M $273.9M
Other Receivables $4.000M $4.000M $7.000M
Total Short-Term Assets $3.097B $3.097B $2.665B
YoY Change 16.22% 16.21% 35.3%
LONG-TERM ASSETS
Property, Plant & Equipment $609.4M $609.0M $581.6M
YoY Change 4.78% 4.64% 9.32%
Goodwill $1.013B $571.3M
YoY Change 77.26% 106.91%
Intangibles $606.3M $504.4M
YoY Change 20.21% 13.23%
Long-Term Investments $119.0M $119.0M $383.0M
YoY Change -68.93% -68.93% -52.07%
Other Assets $79.39M $94.00M $75.51M
YoY Change 5.14% 23.68% 64.31%
Total Long-Term Assets $2.441B $2.441B $2.116B
YoY Change 15.36% 15.36% 0.85%
TOTAL ASSETS
Total Short-Term Assets $3.097B $3.097B $2.665B
Total Long-Term Assets $2.441B $2.441B $2.116B
Total Assets $5.538B $5.538B $4.781B
YoY Change 15.84% 15.83% 17.53%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $79.31M $79.00M $86.87M
YoY Change -8.7% -9.2% 17.31%
Accrued Expenses $119.3M $119.0M $101.0M
YoY Change 18.11% 17.82% 4.39%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due $0.00 $0.00
YoY Change
Total Short-Term Liabilities $382.0M $382.0M $354.0M
YoY Change 7.92% 7.91% 5.32%
LONG-TERM LIABILITIES
Long-Term Debt $2.453B $2.453B $1.827B
YoY Change 34.29% 34.26% 82.15%
Other Long-Term Liabilities $41.27M $152.0M $43.33M
YoY Change -4.75% -3.8% 15.39%
Total Long-Term Liabilities $2.495B $2.605B $43.33M
YoY Change 5657.52% 31.23% 15.39%
TOTAL LIABILITIES
Total Short-Term Liabilities $382.0M $382.0M $354.0M
Total Long-Term Liabilities $2.495B $2.605B $43.33M
Total Liabilities $2.877B $3.387B $397.3M
YoY Change 624.06% 23.79% 6.34%
SHAREHOLDERS EQUITY
Retained Earnings $1.583B $1.550B
YoY Change 2.13% 5.63%
Common Stock $1.392B $999.7M
YoY Change 39.22% 499758.5%
Preferred Stock
YoY Change
Treasury Stock (at cost) $820.1M $515.7M
YoY Change 59.03% -10.69%
Treasury Stock Shares 23.34M shares 16.71M shares
Shareholders Equity -$3.357M $2.151B $11.08M
YoY Change
Total Liabilities & Shareholders Equity $5.538B $5.538B $4.781B
YoY Change 15.84% 15.83% 17.53%

Cashflow Statement

Concept 2016 Q1 2016 2015 Q1
OPERATING ACTIVITIES
Net Income $67.36M $324.1M $99.40M
YoY Change -32.24% -12.17% -10.85%
Depreciation, Depletion And Amortization $75.50M $283.2M $73.20M
YoY Change 3.14% 1.76% 61.23%
Cash From Operating Activities $202.6M $744.5M $178.5M
YoY Change 13.5% 3.23% -12.24%
INVESTING ACTIVITIES
Capital Expenditures -$16.50M -$97.90M -$29.50M
YoY Change -44.07% -34.52% -12.2%
Acquisitions $343.9M
YoY Change
Other Investing Activities $1.599B $898.3M $27.90M
YoY Change 5630.11% -269.88% -230.37%
Cash From Investing Activities $1.582B $800.4M -$1.500M
YoY Change -105580.0% -218.0% -97.27%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $335.1M
YoY Change -1073.19%
Debt Paid & Issued, Net $0.00
YoY Change -100.0%
Cash From Financing Activities -23.40M -$59.90M -25.50M
YoY Change -8.24% -160.78% -55.18%
NET CHANGE
Cash From Operating Activities 202.6M 744.5M 178.5M
Cash From Investing Activities 1.582B $800.4M -1.500M
Cash From Financing Activities -23.40M -$59.90M -25.50M
Net Change In Cash 1.761B $740.5M 151.5M
YoY Change 1062.64% -227.72% 65.39%
FREE CASH FLOW
Cash From Operating Activities $202.6M $744.5M $178.5M
Capital Expenditures -$16.50M -$97.90M -$29.50M
Free Cash Flow $219.1M $842.4M $208.0M
YoY Change 5.34% -3.25% -12.24%

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345907000 USD
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4875000 USD
CY2015 us-gaap Income Tax Reconciliation Tax Credits Research
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9703000 USD
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13542000 USD
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IncomeTaxesPaid
25700000 USD
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25500000 USD
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InterestExpense
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InterestExpense
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OperatingIncomeLoss
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0 USD
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OtherNoncashIncomeExpense
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0 USD
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3995000 USD
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32095000 USD
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18051000 USD
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959318000 USD
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1573867000 USD
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0 USD
CY2015 us-gaap Payments To Acquire Business Three Net Of Cash Acquired
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375365000 USD
CY2016 us-gaap Payments To Acquire Business Three Net Of Cash Acquired
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0 USD
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0 USD
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252469000 USD
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0 USD
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0 USD
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0 USD
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343928000 USD
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113072000 USD
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149472000 USD
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97895000 USD
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9069000 USD
CY2015 us-gaap Payments To Acquire Productive Assets
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6663000 USD
CY2016 us-gaap Payments To Acquire Productive Assets
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7056000 USD
CY2015Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
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0.001
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0.001
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5000000 shares
CY2016Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000 shares
CY2015Q1 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2016Q1 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2015Q1 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2016Q1 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2015Q1 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2016Q1 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
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34717000 USD
CY2016Q1 us-gaap Prepaid Expense Current
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41992000 USD
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0 USD
CY2015 us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
1725000000 USD
CY2016 us-gaap Proceeds From Convertible Debt
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0 USD
CY2014 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
60086000 USD
CY2015 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
34433000 USD
CY2016 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
28718000 USD
CY2014 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
350000000 USD
CY2015 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 USD
CY2016 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 USD
CY2014 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
951296000 USD
CY2015 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
1097065000 USD
CY2016 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
2824231000 USD
CY2014 us-gaap Proceeds From Sale Of Equity Method Investments
ProceedsFromSaleOfEquityMethodInvestments
0 USD
CY2015 us-gaap Proceeds From Sale Of Equity Method Investments
ProceedsFromSaleOfEquityMethodInvestments
0 USD
CY2016 us-gaap Proceeds From Sale Of Equity Method Investments
ProceedsFromSaleOfEquityMethodInvestments
2667000 USD
CY2014 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
16235000 USD
CY2015 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
0 USD
CY2016 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
14296000 USD
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395281000 USD
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CY2014Q3 us-gaap Profit Loss
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92038000 USD
CY2014Q4 us-gaap Profit Loss
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CY2015Q1 us-gaap Profit Loss
ProfitLoss
98580000 USD
CY2015 us-gaap Profit Loss
ProfitLoss
365325000 USD
CY2015Q2 us-gaap Profit Loss
ProfitLoss
130460000 USD
CY2015Q3 us-gaap Profit Loss
ProfitLoss
64899000 USD
CY2015Q4 us-gaap Profit Loss
ProfitLoss
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CY2016Q1 us-gaap Profit Loss
ProfitLoss
67355000 USD
CY2016 us-gaap Profit Loss
ProfitLoss
323925000 USD
CY2015Q1 us-gaap Property Plant And Equipment Gross
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2142416000 USD
CY2016Q1 us-gaap Property Plant And Equipment Gross
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CY2016Q1 us-gaap Property Plant And Equipment Net
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CY2015 us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
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18694000 USD
CY2016 us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
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10948000 USD
CY2014 us-gaap Repayments Of Convertible Debt
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1134621000 USD
CY2016 us-gaap Repayments Of Convertible Debt
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0 USD
CY2014 us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
454000 USD
CY2015Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
1549540000 USD
CY2016Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
1582585000 USD
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SalesRevenueNet
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CY2016 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
0 USD
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ResearchAndDevelopmentExpense
305043000 USD
CY2015 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
349543000 USD
CY2016 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
372596000 USD
CY2016Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
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ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
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SalesRevenueNet
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SalesRevenueNet
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CY2014Q4 us-gaap Sales Revenue Net
SalesRevenueNet
528710000 USD
CY2015Q1 us-gaap Sales Revenue Net
SalesRevenueNet
543207000 USD
CY2015 us-gaap Sales Revenue Net
SalesRevenueNet
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CY2015Q2 us-gaap Sales Revenue Net
SalesRevenueNet
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SalesRevenueNet
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SalesRevenueNet
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CY2016Q1 us-gaap Sales Revenue Net
SalesRevenueNet
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CY2016 us-gaap Sales Revenue Net
SalesRevenueNet
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SellingGeneralAndAdministrativeExpense
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SellingGeneralAndAdministrativeExpense
274815000 USD
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SellingGeneralAndAdministrativeExpense
301670000 USD
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ShareBasedCompensation
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CY2015 us-gaap Share Based Compensation
ShareBasedCompensation
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ShareBasedCompensation
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ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
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CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
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CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
360072 shares
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
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CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
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CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
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CY2013Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
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CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
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CY2015Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
5268916 shares
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ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
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CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
1606273 shares
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Other
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOther
525442 shares
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
20529 shares
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
105934 shares
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
153948 shares
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
22.78
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
28.17
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
31.52
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
0 shares
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
27654 shares
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
244 shares
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Other Increases Decreases In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOtherIncreasesDecreasesInPeriod
666586 shares
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Other Increases Decreases In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOtherIncreasesDecreasesInPeriod
604900 shares
CY2013Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
2269803 shares
CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
573611 shares
CY2015Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
684299 shares
CY2016Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
913508 shares
CY2013Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
25.58
CY2015Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
170654000 USD
CY2016Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
220669000 USD
CY2014 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
15016000 USD
CY2015 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
20197000 USD
CY2016 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
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7954000 USD
CY2016Q1 us-gaap Unrecognized Tax Benefits Income Tax Penalties Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAccrued
27600000 USD
CY2014 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
200000 USD
CY2015 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
-1800000 USD
CY2016 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
1700000 USD
CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
24.75
CY2015Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
28.41
CY2016Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
33.00
CY2014 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
25.91
CY2015 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
26.42
CY2016 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
25.30
CY2014 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
0.00
CY2015 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
46.66
CY2016 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
41.09
CY2015 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Other Share Increase Decrease In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsOtherShareIncreaseDecreaseInPeriodWeightedAverageExercisePrice
29.33
CY2016 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Other Share Increase Decrease In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsOtherShareIncreaseDecreaseInPeriodWeightedAverageExercisePrice
35.03
CY2015Q1 us-gaap Short Term Investments
ShortTermInvestments
1351054000 USD
CY2016Q1 us-gaap Short Term Investments
ShortTermInvestments
353284000 USD
CY2014 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
1675663 shares
CY2015 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
477618 shares
CY2016 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
221987 shares
CY2016 us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
369054000 USD
CY2014 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
60086000 USD
CY2015 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
34433000 USD
CY2016 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
28718000 USD
CY2007Q4 us-gaap Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased
10000000 shares
CY2015Q2 us-gaap Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased
20000000.0 shares
CY2016Q1 us-gaap Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased
15000000.0 shares
CY2007Q4 us-gaap Stock Repurchase Program Remaining Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramRemainingNumberOfSharesAuthorizedToBeRepurchased
2500000 shares
CY2015Q2 us-gaap Stock Repurchase Program Remaining Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramRemainingNumberOfSharesAuthorizedToBeRepurchased
11400000 shares
CY2015Q1 us-gaap Stockholders Equity
StockholdersEquity
2044654000 USD
CY2016Q1 us-gaap Stockholders Equity
StockholdersEquity
2150919000 USD
CY2013Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1933470000 USD
CY2014Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2135461000 USD
CY2015Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2061026000 USD
CY2016Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2150919000 USD
CY2015 us-gaap Stockholders Equity Other
StockholdersEquityOther
-240000 USD
CY2016 us-gaap Tax Adjustments Settlements And Unusual Provisions
TaxAdjustmentsSettlementsAndUnusualProvisions
-12100000 USD
CY2015Q1 us-gaap Treasury Stock Shares
TreasuryStockShares
16709688 shares
CY2016Q1 us-gaap Treasury Stock Shares
TreasuryStockShares
23335062 shares
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
7500000 shares
CY2016 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
8600000 shares
CY2015Q1 us-gaap Treasury Stock Value
TreasuryStockValue
515679000 USD
CY2016Q1 us-gaap Treasury Stock Value
TreasuryStockValue
820066000 USD
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
234700000 USD
CY2016 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
363829000 USD
CY2016 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
363800000 USD
CY2016Q1 us-gaap Undistributed Earnings Of Foreign Subsidiaries
UndistributedEarningsOfForeignSubsidiaries
3400000000 USD
CY2013Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
152845000 USD
CY2014Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
149878000 USD
CY2014 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
14669000 USD
CY2015 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
23179000 USD
CY2016 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
16315000 USD
CY2014 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
1108000 USD
CY2015 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
18444000 USD
CY2016 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
0 USD
CY2015Q1 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Accrued
UnrecognizedTaxBenefitsInterestOnIncomeTaxesAccrued
700000 USD
CY2016Q1 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Accrued
UnrecognizedTaxBenefitsInterestOnIncomeTaxesAccrued
2400000 USD
CY2014 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
4069000 USD
CY2015 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
9031000 USD
CY2016 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
4591000 USD
CY2014 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
3910000 shares
CY2015 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
3642000 shares
CY2016 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
3350000 shares
CY2014 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
217630000 shares
CY2015 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
223561000 shares
CY2016 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
217388000 shares
CY2014 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
198291000 shares
CY2015 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
200937000 shares
CY2016 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
203384000 shares
CY2016 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<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;">Concentrations of Credit Risk</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Financial instruments that potentially subject the Company to concentrations of credit risk consist primarily of investments in debt securities and trade receivables.&#160;&#160;Investments in debt securities with original maturities of greater than six months consist primarily of AAA and AA rated financial instruments and counterparties.&#160;&#160;The Company's investments are primarily in direct obligations of the U.S. government or its agencies, corporate bonds, and municipal bonds.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Concentrations of credit risk with respect to accounts receivable are generally not significant due to the diversity of the Company's customers and geographic sales areas.&#160;&#160;The Company sells its products primarily to OEMs and distributors in the Americas, Europe and Asia.&#160;&#160;The Company performs ongoing credit evaluations of its customers' financial condition and, as deemed necessary, may require collateral, primarily letters of credit.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Distributor advances, included in deferred income on shipments to distributors in the consolidated balance sheets, totaled $</font><font style="font-family:inherit;font-size:10pt;">102.9 million</font><font style="font-family:inherit;font-size:10pt;"> at </font><font style="font-family:inherit;font-size:10pt;">March&#160;31, 2016</font><font style="font-family:inherit;font-size:10pt;"> and $</font><font style="font-family:inherit;font-size:10pt;">116.0 million</font><font style="font-family:inherit;font-size:10pt;"> at </font><font style="font-family:inherit;font-size:10pt;">March&#160;31, 2015</font><font style="font-family:inherit;font-size:10pt;">.&#160;&#160;On sales to distributors, the Company's payment terms generally require the distributor to settle amounts owed to the Company for an amount in excess of their ultimate cost.&#160;&#160;The Company's sales price to its distributors may be higher than the amount that the distributors will ultimately owe the Company because distributors often negotiate price reductions after purchasing the product from the Company and such reductions are often significant.&#160;&#160;It is the Company's practice to apply these negotiated price discounts to future purchases, requiring the distributor to settle receivable balances, on a current basis, generally within </font><font style="font-family:inherit;font-size:10pt;">30</font><font style="font-family:inherit;font-size:10pt;"> days, for amounts originally invoiced.&#160;&#160;This practice has an adverse impact on the working capital of the Company's distributors.&#160;&#160;As such, the Company has entered into agreements with certain distributors whereby it advances cash to the distributors to reduce the distributor's working capital requirements.&#160;&#160;These advances are reconciled at least on a quarterly basis and are estimated based on the amount of ending inventory as reported by the distributor multiplied by a negotiated percentage.&#160;&#160;Such advances have no impact on revenue recognition or the Company's consolidated statements of income.&#160;&#160;The Company processes discounts taken by distributors against its deferred income on shipments to distributors' balance and trues-up the advanced amounts generally after the end of each completed fiscal quarter.&#160;&#160;The terms of these advances are set forth in binding legal agreements and are unsecured, bear no interest on unsettled balances and are due upon demand.&#160;&#160;The agreements governing these advances can be canceled by the Company at any time.</font></div></div>
CY2016 us-gaap Loss Contingency Disclosures
LossContingencyDisclosures
<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;text-decoration:underline;">CONTINGENCIES</font></div><div style="line-height:120%;text-align:left;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:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In the ordinary course of the Company's business, the Company is involved in a limited number of legal actions, both as plaintiff and defendant. Consequently, the Company could incur uninsured liability in any of those actions. The Company also periodically receives notifications from various third parties alleging infringement of patents or other intellectual property rights. With respect to pending legal actions to which the Company is a party, although the outcomes of these actions are generally not determinable, the Company believes that the ultimate resolution of these matters will not harm its business and will not have a material adverse effect on its financial position, cash flows or results of operations.&#160;&#160;However, if an unfavorable ruling were to occur in any of the legal proceedings described in Note 28 or in other legal proceedings that were not deemed material to the Company as of the date hereof, then such legal proceedings could have a material adverse effect on the Company's financial position, cash flows or results of operations. Litigation relating to the semiconductor industry is not uncommon, and the Company is, from time to time, subject to such litigation.&#160;&#160;As a result, no assurances can be given with respect to the extent or outcome of any such litigation in the future.</font></div><div style="line-height:120%;text-align:left;text-indent:24px;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:24px;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:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company's technology license agreements generally include an indemnification clause that indemnifies the licensee against liability and damages (including legal defense costs) arising from any claims of patent, copyright, trademark or trade secret infringement by the Company's proprietary technology.&#160;&#160;The terms of these indemnification provisions approximate the terms of the outgoing technology license agreements, which are typically perpetual unless terminated by either party for breach. The possible amount of future payments the Company could be required to make based on agreements that specify indemnification limits, if such indemnifications were required on all of these agreements, is approximately $</font><font style="font-family:inherit;font-size:10pt;">142.7 million</font><font style="font-family:inherit;font-size:10pt;">. There are some licensing agreements in place that do not specify indemnification limits.&#160;&#160;The Company had not recorded any liabilities related to these indemnification obligations&#160;as of March&#160;31, </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">2016</font><font style="font-family:inherit;font-size:10pt;">.</font></div></div>
CY2016 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;">Use of Estimates</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company has made a number of estimates and assumptions relating to the reporting of assets, liabilities, revenues and expenses and the disclosure of contingent assets and liabilities to prepare its consolidated financial statements in conformity with U.S. Generally Accepted Accounting Principles.&#160;&#160;Actual results could differ from those estimates.</font></div></div>

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