2018 Q4 Form 10-K Financial Statement

#000143774919003798 Filed on March 01, 2019

View on sec.gov

Income Statement

Concept 2018 Q4 2017 Q4 2017 Q3
Revenue $153.5M $129.4M $128.9M
YoY Change 18.59% 24.91% 21.12%
Cost Of Revenue $68.90M $58.27M $58.08M
YoY Change 18.25% 23.69% 19.68%
Gross Profit $84.59M $71.16M $70.86M
YoY Change 18.88% 25.92% 22.32%
Gross Profit Margin 55.11% 54.98% 54.95%
Selling, General & Admin $28.37M $24.04M $25.26M
YoY Change 18.03% 12.77% 12.76%
% of Gross Profit 33.54% 33.78% 35.64%
Research & Development $22.74M $21.73M $21.44M
YoY Change 4.62% 20.9% 4.74%
% of Gross Profit 26.88% 30.54% 30.26%
Depreciation & Amortization $3.200M $4.000M $4.000M
YoY Change -20.0% -4.76% 11.11%
% of Gross Profit 3.78% 5.62% 5.65%
Operating Expenses $51.52M $46.11M $47.02M
YoY Change 11.73% 18.32% 9.55%
Operating Profit $33.08M $25.05M $23.83M
YoY Change 32.03% 42.82% 58.87%
Interest Expense $1.800M $1.300M $1.346M
YoY Change 38.46% 44.44% 130.09%
% of Operating Profit 5.44% 5.19% 5.65%
Other Income/Expense, Net -$393.0K $1.647M $1.255M
YoY Change -123.86% 83.61% 60.9%
Pretax Income $32.68M $26.70M $25.09M
YoY Change 22.41% 44.8% 58.97%
Income Tax $5.046M $14.63M $1.445M
% Of Pretax Income 15.44% 54.79% 5.76%
Net Earnings $27.64M $12.07M $23.64M
YoY Change 128.96% -27.16% 64.49%
Net Earnings / Revenue 18.01% 9.33% 18.34%
Basic Earnings Per Share $0.65 $0.29 $0.57
Diluted Earnings Per Share $0.61 $0.27 $0.54
COMMON SHARES
Basic Shares Outstanding 41.46M
Diluted Shares Outstanding 45.06M 44.61M 43.49M

Balance Sheet

Concept 2018 Q4 2017 Q4 2017 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $377.3M $299.1M $299.6M
YoY Change 26.15% 11.52% 15.63%
Cash & Equivalents $172.7M $82.76M $104.4M
Short-Term Investments $204.6M $216.3M $195.2M
Other Short-Term Assets $11.93M $12.76M $13.56M
YoY Change -6.51% 41.13% 264.52%
Inventory $136.4M $99.28M $99.89M
Prepaid Expenses $3.425M
Receivables $55.20M $38.04M $50.76M
Other Receivables $6.200M $1.400M $1.200M
Total Short-Term Assets $580.8M $449.2M $463.8M
YoY Change 29.31% 17.28% 26.44%
LONG-TERM ASSETS
Property, Plant & Equipment $150.0M $144.6M $100.6M
YoY Change 3.71% 69.82% 22.57%
Goodwill $6.571M $6.571M $6.571M
YoY Change 0.0% 0.0% 0.0%
Intangibles $111.0K $951.0K $1.464M
YoY Change -88.33% -68.32% -58.35%
Long-Term Investments $3.200M $5.300M $5.400M
YoY Change -39.62% -1.85% 0.0%
Other Assets $35.98M $30.07M $26.52M
YoY Change 19.66% 9.69% -11.12%
Total Long-Term Assets $212.6M $203.4M $141.2M
YoY Change 4.53% 58.73% 15.73%
TOTAL ASSETS
Total Short-Term Assets $580.8M $449.2M $463.8M
Total Long-Term Assets $212.6M $203.4M $141.2M
Total Assets $793.4M $652.6M $605.0M
YoY Change 21.59% 27.67% 22.26%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $22.68M $22.81M $21.83M
YoY Change -0.59% 30.91% 25.96%
Accrued Expenses $38.96M $27.51M $26.88M
YoY Change 41.64% 20.03% 22.89%
Deferred Revenue $2.520M $4.742M
YoY Change -46.86%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $80.44M $65.92M $66.17M
YoY Change 22.03% 24.56% 19.19%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $38.53M $33.02M $28.70M
YoY Change 16.66% 42.23% 47.55%
Total Long-Term Liabilities $38.53M $33.02M $28.70M
YoY Change 16.66% 42.23% 47.55%
TOTAL LIABILITIES
Total Short-Term Liabilities $80.44M $65.92M $66.17M
Total Long-Term Liabilities $38.53M $33.02M $28.70M
Total Liabilities $153.3M $130.6M $99.49M
YoY Change 17.45% 63.18% 26.65%
SHAREHOLDERS EQUITY
Retained Earnings $194.7M $143.6M $140.5M
YoY Change 35.6% 20.31% 25.93%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $640.1M $522.0M $505.5M
YoY Change
Total Liabilities & Shareholders Equity $793.4M $652.6M $605.0M
YoY Change 21.59% 27.67% 22.26%

Cashflow Statement

Concept 2018 Q4 2017 Q4 2017 Q3
OPERATING ACTIVITIES
Net Income $27.64M $12.07M $23.64M
YoY Change 128.96% -27.16% 64.49%
Depreciation, Depletion And Amortization $3.200M $4.000M $4.000M
YoY Change -20.0% -4.76% 11.11%
Cash From Operating Activities $47.60M $53.40M $33.60M
YoY Change -10.86% 72.26% 2.13%
INVESTING ACTIVITIES
Capital Expenditures -$4.400M -$40.70M -$4.600M
YoY Change -89.19% 402.47% -55.34%
Acquisitions
YoY Change
Other Investing Activities $11.50M -$25.60M $10.50M
YoY Change -144.92% 156.0% -5.41%
Cash From Investing Activities $7.100M -$66.30M $5.900M
YoY Change -110.71% 268.33% 742.86%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -12.90M -8.600M -7.100M
YoY Change 50.0% 7.5% 14.52%
NET CHANGE
Cash From Operating Activities 47.60M 53.40M 33.60M
Cash From Investing Activities 7.100M -66.30M 5.900M
Cash From Financing Activities -12.90M -8.600M -7.100M
Net Change In Cash 41.80M -21.50M 32.40M
YoY Change -294.42% -530.0% 18.25%
FREE CASH FLOW
Cash From Operating Activities $47.60M $53.40M $33.60M
Capital Expenditures -$4.400M -$40.70M -$4.600M
Free Cash Flow $52.00M $94.10M $38.20M
YoY Change -44.74% 140.66% -11.57%

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<div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;"><div style="display: inline; font-style: italic;"><div style="display: inline; font-weight: bold;">Certain Significant Risks and Uncertainties</div></div></div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Financial instruments which potentially subject the Company to concentrations of credit risk consist primarily of cash and cash equivalents, short-term and long-term investments and accounts receivable. The Company&#x2019;s cash consists of checking and savings accounts. The Company&#x2019;s cash equivalents include short-term, highly liquid investments purchased with remaining maturities at the date of purchase of <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">three</div> months or less. The Company&#x2019;s short-term investments consist of corporate debt securities, certificates of deposit and government agency bonds and treasuries, and the long-term investments consist of government-backed student loan auction-rate securities. The Company generally does <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">not</div> require its customers to provide collateral or other security to support accounts receivable. To manage credit risk, management performs ongoing credit evaluations of its customers&#x2019; financial condition.&nbsp;&nbsp;The Company requires cash in advance for certain customers in addition to ongoing credit evaluations. See Note <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2</div> for further discussion.</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">The Company participates in the dynamic high technology industry and believes that changes in any of the following areas could have a material adverse effect on its future financial position, results of operations or cash flows: advances and trends in new technologies and industry standards; competitive pressures in the form of new products or price reductions on current products; changes in product mix; changes in the overall demand for products offered by the Company; changes in <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">third</div>-party manufacturers; changes in key suppliers; changes in certain strategic relationships or customer relationships; litigation or claims against the Company based on intellectual property, patent, product, regulatory or other factors; fluctuations in foreign currency exchange rates; risk associated with changes in government policies and regulations on trade restrictions and corporate taxes; availability of necessary components or sub-assemblies; availability of foundry capacity; ability to integrate acquired companies; and the Company&#x2019;s ability to attract and retain employees necessary to support its growth.</div></div></div></div></div></div></div></div></div></div></div>
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CY2018 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
6321000
CY2017 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
5353000
CY2016 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
2488000
CY2018Q4 us-gaap Interest Receivable Current
InterestReceivableCurrent
1441000
CY2017Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
14629000
CY2017Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1445000
CY2017Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1193000
CY2017Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
474000
CY2017 us-gaap Income Tax Expense Benefit Continuing Operations Adjustment Of Deferred Tax Asset Liability
IncomeTaxExpenseBenefitContinuingOperationsAdjustmentOfDeferredTaxAssetLiability
9800000
CY2018 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
871000
CY2017 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
3077000
CY2016 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
5483000
CY2018 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
6923000
CY2017 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
29347000
CY2016 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
3165000
CY2018 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
7092000
CY2017 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
10852000
CY2016 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
8035000
CY2018 us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
3806000
CY2017 us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
2397000
CY2016 us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
3136000
CY2018 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
37060000
CY2017 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
27795000
CY2016 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
8323000
CY2018 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
1075000
CY2017 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-1603000
CY2016 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
11021000
CY2018 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
18079000
CY2017 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
3785000
CY2017Q4 us-gaap Interest Receivable Current
InterestReceivableCurrent
1352000
CY2018Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
54693000
CY2017Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
38678000
CY2018Q4 us-gaap Inventory Net
InventoryNet
136384000
CY2017Q4 us-gaap Inventory Net
InventoryNet
99281000
CY2016 us-gaap Other Comprehensive Income Loss Available For Sale Securities Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax
0
CY2018 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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-7082000
CY2017 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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6369000
CY2018Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
43017000
CY2017Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
20573000
CY2018Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
38674000
CY2017Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
40030000
CY2018Q4 us-gaap Liabilities
Liabilities
153339000
CY2017Q4 us-gaap Liabilities
Liabilities
130562000
CY2018Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
793432000
CY2017Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
652569000
CY2018Q4 us-gaap Liabilities Current
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80439000
CY2017Q4 us-gaap Liabilities Current
LiabilitiesCurrent
65917000
CY2018Q4 us-gaap Long Term Investments
LongTermInvestments
3241000
CY2017Q4 us-gaap Long Term Investments
LongTermInvestments
5256000
CY2018Q4 us-gaap Money Market Funds At Carrying Value
MoneyMarketFundsAtCarryingValue
41135000
CY2017Q4 us-gaap Money Market Funds At Carrying Value
MoneyMarketFundsAtCarryingValue
7134000
CY2018 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-34559000
CY2017 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-31325000
CY2016 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-28127000
CY2018 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-14740000
CY2017 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-134060000
CY2016 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-55726000
CY2018 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
141451000
CY2017 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
133821000
CY2016 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
107786000
CY2018 us-gaap Net Income Loss
NetIncomeLoss
105268000
CY2017 us-gaap Net Income Loss
NetIncomeLoss
65203000
CY2016 us-gaap Net Income Loss
NetIncomeLoss
52720000
CY2018Q4 us-gaap Net Income Loss
NetIncomeLoss
27638000
CY2018Q3 us-gaap Net Income Loss
NetIncomeLoss
31568000
CY2018Q2 us-gaap Net Income Loss
NetIncomeLoss
24206000
CY2018Q1 us-gaap Net Income Loss
NetIncomeLoss
21856000
CY2017Q4 us-gaap Net Income Loss
NetIncomeLoss
12071000
CY2017Q3 us-gaap Net Income Loss
NetIncomeLoss
23642000
CY2017Q2 us-gaap Net Income Loss
NetIncomeLoss
15014000
CY2017Q1 us-gaap Net Income Loss
NetIncomeLoss
14477000
CY2018Q4 us-gaap Noncurrent Assets
NoncurrentAssets
188653000
CY2017Q4 us-gaap Noncurrent Assets
NoncurrentAssets
180238000
CY2016Q4 us-gaap Noncurrent Assets
NoncurrentAssets
115033000
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NumberOfReportableSegments
1
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OperatingExpenses
209180000
CY2017 us-gaap Operating Expenses
OperatingExpenses
180859000
CY2016 us-gaap Operating Expenses
OperatingExpenses
156426000
CY2018Q4 us-gaap Operating Expenses
OperatingExpenses
51516000
CY2018Q3 us-gaap Operating Expenses
OperatingExpenses
55525000
CY2018Q2 us-gaap Operating Expenses
OperatingExpenses
52682000
CY2018Q1 us-gaap Operating Expenses
OperatingExpenses
49458000
CY2017Q4 us-gaap Operating Expenses
OperatingExpenses
46108000
CY2017Q3 us-gaap Operating Expenses
OperatingExpenses
47024000
CY2017Q2 us-gaap Operating Expenses
OperatingExpenses
46455000
CY2017Q1 us-gaap Operating Expenses
OperatingExpenses
41272000
CY2018 us-gaap Operating Income Loss
OperatingIncomeLoss
113488000
CY2017 us-gaap Operating Income Loss
OperatingIncomeLoss
77424000
CY2016 us-gaap Operating Income Loss
OperatingIncomeLoss
54447000
CY2018Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
33077000
CY2018Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
33493000
CY2018Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
24882000
CY2018Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
22037000
CY2017Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
25053000
CY2017Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
23832000
CY2017Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
14970000
CY2017Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
13570000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
2877000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
1511000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
26000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
195000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
273000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
872000
CY2018 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
1800000
CY2017 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
1500000
CY2016 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
1700000
CY2018Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
2848000
CY2017Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
1774000
CY2018Q4 us-gaap Other Accrued Liabilities Noncurrent
OtherAccruedLiabilitiesNoncurrent
97000
CY2017Q4 us-gaap Other Accrued Liabilities Noncurrent
OtherAccruedLiabilitiesNoncurrent
56000
CY2018Q4 us-gaap Other Assets Current
OtherAssetsCurrent
11931000
CY2017Q4 us-gaap Other Assets Current
OtherAssetsCurrent
12762000
CY2018Q4 us-gaap Other Assets Miscellaneous Current
OtherAssetsMiscellaneousCurrent
743000
CY2017Q4 us-gaap Other Assets Miscellaneous Current
OtherAssetsMiscellaneousCurrent
1216000
CY2018Q4 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
1185000
CY2017Q4 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
1091000
CY2017 us-gaap Other Comprehensive Income Loss Available For Sale Securities Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax
0
CY2018Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
35868000
CY2017Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
30068000
CY2018 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-274000
CY2017 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-341000
CY2016 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-648000
CY2018 us-gaap Other Comprehensive Income Loss Available For Sale Securities Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax
209000
CY2018 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans
10578000
CY2016 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-5033000
CY2018 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-7356000
CY2017 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
6028000
CY2016 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-5681000
CY2018Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
38525000
CY2017Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
33024000
CY2018 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
4994000
CY2017 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
5520000
CY2016 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
2817000
CY2018Q4 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-393000
CY2018Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
2714000
CY2018Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
2232000
CY2018Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
440000
CY2017Q4 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
1647000
CY2017Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
1255000
CY2017Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
1237000
CY2017Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
1381000
CY2018Q4 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
3425000
CY2017Q4 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
2742000
CY2018 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
22526000
CY2017 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
65770000
CY2016 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
37112000
CY2018 us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
99199000
CY2017 us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
140531000
CY2016 us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
236912000
CY2018Q4 us-gaap Prepaid Expense Other Noncurrent
PrepaidExpenseOtherNoncurrent
2713000
CY2017Q4 us-gaap Prepaid Expense Other Noncurrent
PrepaidExpenseOtherNoncurrent
897000
CY2017 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans
CY2016 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans
CY2018 us-gaap Proceeds From Sale Of Longterm Investments
ProceedsFromSaleOfLongtermInvestments
2000000
CY2018Q2 us-gaap Research And Development Expense Excluding Acquired In Process Cost
ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost
23481000
CY2018Q1 us-gaap Research And Development Expense Excluding Acquired In Process Cost
ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost
21609000
CY2017Q4 us-gaap Research And Development Expense Excluding Acquired In Process Cost
ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost
21730000
CY2017 us-gaap Proceeds From Sale Of Longterm Investments
ProceedsFromSaleOfLongtermInvestments
CY2016 us-gaap Proceeds From Sale Of Longterm Investments
ProceedsFromSaleOfLongtermInvestments
CY2018 us-gaap Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
109131000
CY2017 us-gaap Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
77502000
CY2016 us-gaap Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
223344000
CY2018 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
59000
CY2017 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
150000
CY2016 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
1344000
CY2018 us-gaap Proceeds From Stock Plans
ProceedsFromStockPlans
3028000
CY2017 us-gaap Proceeds From Stock Plans
ProceedsFromStockPlans
2701000
CY2016 us-gaap Proceeds From Stock Plans
ProceedsFromStockPlans
2463000
CY2018Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
4564000
CY2017Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
2416000
CY2018 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
1402000
CY2017 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
40000
CY2016 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
68000
CY2018 us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
3036000
CY2017 us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
486000
CY2016 us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
293000
CY2018Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
259548000
CY2017Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
247249000
CY2018Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
150001000
CY2017Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
144636000
CY2018 us-gaap Research And Development Expense Excluding Acquired In Process Cost
ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost
93455000
CY2017 us-gaap Research And Development Expense Excluding Acquired In Process Cost
ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost
82359000
CY2016 us-gaap Research And Development Expense Excluding Acquired In Process Cost
ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost
73643000
CY2018Q4 us-gaap Research And Development Expense Excluding Acquired In Process Cost
ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost
22735000
CY2018Q3 us-gaap Research And Development Expense Excluding Acquired In Process Cost
ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost
25630000
CY2017Q3 us-gaap Research And Development Expense Excluding Acquired In Process Cost
ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost
21442000
CY2017Q2 us-gaap Research And Development Expense Excluding Acquired In Process Cost
ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost
20292000
CY2017Q1 us-gaap Research And Development Expense Excluding Acquired In Process Cost
ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost
18894000
CY2018Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
114000
CY2017Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
115000
CY2018Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
194728000
CY2017Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
143608000
CY2018 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
582382000
CY2017 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
470929000
CY2016 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
388665000
CY2018Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
153497000
CY2018Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
159975000
CY2018Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
139761000
CY2018Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
129150000
CY2017Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
129430000
CY2017Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
128939000
CY2017Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
112198000
CY2017Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
100362000
CY2016Q4 us-gaap Stockholders Equity
StockholdersEquity
431116000
CY2016 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
83012000
CY2018Q4 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
28372000
CY2018Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
29552000
CY2018 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
113803000
CY2017 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
97257000
CY2018Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
28561000
CY2018Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
27318000
CY2017Q4 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
24038000
CY2017Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
25255000
CY2017Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
25873000
CY2017Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
22092000
CY2018 us-gaap Share Based Compensation
ShareBasedCompensation
60607000
CY2017 us-gaap Share Based Compensation
ShareBasedCompensation
52617000
CY2016 us-gaap Share Based Compensation
ShareBasedCompensation
44989000
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
336000
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
20000
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
21000
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
30.38
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
58.46
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
76.92
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
1349000
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
666000
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
1363000
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
43.28
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
66.56
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
80.62
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
4232000
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
4270000
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
4144000
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
4633000
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
32.64
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ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
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CY2018 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
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CY2016Q4 us-gaap Unrecognized Tax Benefits
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2957000
CY2016 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
243000
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UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
169000
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<div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:0pt;margin-right:7.5pt;margin-top:0pt;text-align:left;"><div style="display: inline; font-style: italic;"><div style="display: inline; font-weight: bold;">Use of Estimates</div></div></div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:0pt;margin-right:7.5pt;margin-top:0pt;text-align:left;">&nbsp;</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:0pt;margin-right:7.5pt;margin-top:0pt;text-align:left;">The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (&#x201c;GAAP&#x201d;) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, and reported amounts of revenue and expenses during the reporting period. Significant estimates and assumptions used in these consolidated financial statements primarily include those related to revenue recognition, inventory valuation, valuation of share-based awards, valuation of goodwill and acquisition-related intangible assets, contingencies and tax valuation allowances.&nbsp;Actual results could differ from those estimates.&nbsp;</div></div></div></div></div></div></div></div></div></div></div>
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2228000
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CY2018 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2017 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2016 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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43486000
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43397000
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WeightedAverageNumberOfDilutedSharesOutstanding
43268000
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42467000
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41458000
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42247000
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41350000
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