$MRCY
MERCURY SYSTEMS INC

2013 Q4 Form 10-Q Financial Statement

#000104952114000005 Filed on February 06, 2014

View on sec.gov

Income Statement

Concept 2013 Q4 2012 Q4
Revenue $50.93M $46.37M
YoY Change 9.84% -31.77%
Cost Of Revenue $26.61M $32.23M
YoY Change -17.45% 19.17%
Gross Profit $24.33M $16.52M
YoY Change 47.21% -59.61%
Gross Profit Margin 47.76% 35.63%
Selling, General & Admin $13.94M $14.57M
YoY Change -4.32% 1.07%
% of Gross Profit 57.32% 88.2%
Research & Development $10.14M $7.588M
YoY Change 33.66% -35.28%
% of Gross Profit 41.69% 45.92%
Depreciation & Amortization $1.942M $2.191M
YoY Change -11.36% 15.01%
% of Gross Profit 7.98% 13.26%
Operating Expenses $25.99M $24.65M
YoY Change 5.42% -10.12%
Operating Profit -$1.661M -$7.362M
YoY Change -77.44% -154.59%
Interest Expense $11.00K $15.00K
YoY Change -26.67% 66.67%
% of Operating Profit
Other Income/Expense, Net $440.0K $116.0K
YoY Change 279.31% -70.56%
Pretax Income -$1.229M -$7.259M
YoY Change -83.07% -152.32%
Income Tax -$442.0K -$2.299M
% Of Pretax Income
Net Earnings -$1.045M -$4.784M
YoY Change -78.16% -152.89%
Net Earnings / Revenue -2.05% -10.32%
Basic Earnings Per Share -$0.03 -$0.16
Diluted Earnings Per Share -$0.03 -$0.16
COMMON SHARES
Basic Shares Outstanding 30.99M shares 30.11M shares
Diluted Shares Outstanding 30.99M shares 30.11M shares

Balance Sheet

Concept 2013 Q4 2012 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $44.50M $33.90M
YoY Change 31.27% -67.71%
Cash & Equivalents $44.54M $33.90M
Short-Term Investments
Other Short-Term Assets $25.80M $21.30M
YoY Change 21.13% 33.96%
Inventory $33.14M $40.78M
Prepaid Expenses
Receivables $31.12M $35.28M
Other Receivables $0.00 $0.00
Total Short-Term Assets $144.5M $143.8M
YoY Change 0.48% -27.75%
LONG-TERM ASSETS
Property, Plant & Equipment $16.15M $18.26M
YoY Change -11.59% 25.94%
Goodwill $176.6M $169.5M
YoY Change 4.22%
Intangibles $31.13M $39.57M
YoY Change -21.32%
Long-Term Investments
YoY Change
Other Assets $841.0K $1.446M
YoY Change -41.84% -65.57%
Total Long-Term Assets $225.3M $238.4M
YoY Change -5.49% 33.39%
TOTAL ASSETS
Total Short-Term Assets $144.5M $143.8M
Total Long-Term Assets $225.3M $238.4M
Total Assets $369.7M $382.1M
YoY Change -3.24% 1.18%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.553M $8.875M
YoY Change -59.97% 23.26%
Accrued Expenses $6.793M $9.822M
YoY Change -30.84% -53.0%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $24.33M $35.26M
YoY Change -31.0% -10.05%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $2.021M $1.608M
YoY Change 25.68% -86.93%
Total Long-Term Liabilities $2.021M $1.608M
YoY Change 25.68% -86.93%
TOTAL LIABILITIES
Total Short-Term Liabilities $24.33M $35.26M
Total Long-Term Liabilities $2.021M $1.608M
Total Liabilities $38.93M $56.06M
YoY Change -30.55% -5.63%
SHAREHOLDERS EQUITY
Retained Earnings $92.22M $96.75M
YoY Change -4.68%
Common Stock $311.0K $302.0K
YoY Change 2.98%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $330.8M $326.1M
YoY Change
Total Liabilities & Shareholders Equity $369.7M $382.1M
YoY Change -3.24% 1.18%

Cashflow Statement

Concept 2013 Q4 2012 Q4
OPERATING ACTIVITIES
Net Income -$1.045M -$4.784M
YoY Change -78.16% -152.89%
Depreciation, Depletion And Amortization $1.942M $2.191M
YoY Change -11.36% 15.01%
Cash From Operating Activities $7.300M $1.500M
YoY Change 386.67% -86.36%
INVESTING ACTIVITIES
Capital Expenditures -$2.800M -$700.0K
YoY Change 300.0% -65.0%
Acquisitions
YoY Change
Other Investing Activities -$300.0K -$100.0K
YoY Change 200.0% -99.86%
Cash From Investing Activities -$3.100M -$800.0K
YoY Change 287.5% -98.9%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 300.0K 2.600M
YoY Change -88.46% 271.43%
NET CHANGE
Cash From Operating Activities 7.300M 1.500M
Cash From Investing Activities -3.100M -800.0K
Cash From Financing Activities 300.0K 2.600M
Net Change In Cash 4.500M 3.300M
YoY Change 36.36% -105.43%
FREE CASH FLOW
Cash From Operating Activities $7.300M $1.500M
Capital Expenditures -$2.800M -$700.0K
Free Cash Flow $10.10M $2.200M
YoY Change 359.09% -83.08%

Facts In Submission

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us-gaap Nature Of Operations
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Description of Business</font></div><div style="line-height:120%;padding-top:8px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Mercury Systems, Inc. (the &#8220;Company&#8221; or &#8220;Mercury&#8221;) provides commercially developed, open sensor and Big Data processing systems, software and services for critical commercial, defense and intelligence applications. The Company delivers innovative solutions, rapid time-to-value and world-class service and support to our defense prime contractor customers. The Company's products and solutions have been deployed in more than </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">300</font><font style="font-family:inherit;font-size:10pt;"> programs with over </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">25</font><font style="font-family:inherit;font-size:10pt;"> different defense prime contractors. Key programs include Aegis, Patriot, Surface Electronic Warfare Improvement Program ("SEWIP"), F-15, Predator and Reaper. The Company also delivers services and solutions in support of the intelligence community. Mercury Systems operates across a broad spectrum of defense and intelligence programs and the Company delivers its solutions and services via three operating segments: (i) Mercury Commercial Electronics ("MCE"); (ii) Mercury Defense Systems ("MDS") and; (iii) Mercury Intelligence Systems ("MIS"). </font></div><div style="line-height:120%;padding-top:8px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">MCE delivers innovative, commercially developed, open sensor and Big Data processing systems, software and services that include embedded multi-computing and embedded sensor processing. Mercury's products include, but are not limited to, embedded processing boards, digital receiver boards, and chassis-based systems using air, conduction, and proprietary cooling technologies. MCE has added capabilities around radio frequency ("RF") and microwave technologies, including tuners, converters, transceivers, switch filters, and power amplifiers and limiters, as well as emerging new manufacturing capabilities on a more scalable basis. MDS leverages commercially available technologies and solutions (or &#8220;building blocks&#8221;) from the Company's MCE business. MDS leverages this technology to develop integrated sensor processing subsystems and capabilities, for the C4ISR (command, control, communications, computers, intelligence, surveillance and reconnaissance), electronic warfare ("EW"), electronic counter measures ("ECM"), signals intelligence ("SIGINT") and radar test and simulation markets. MIS delivers Big Data processing capabilities, software data processing solutions and predictive analytics capabilities to address intelligence community and Department of Defense ("DoD") mission needs. These three operating segments allow the Company to deliver capabilities that combine technology building blocks, deep domain expertise in the defense sector and critical solution areas, and specialized skills in serving the DoD and the intelligence community.</font></div></div>
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-3938000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
240000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-69824000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-4234000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
9531000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-8390000 USD
CY2012Q4 us-gaap Net Income Loss
NetIncomeLoss
-4784000 USD
us-gaap Net Income Loss
NetIncomeLoss
-3301000 USD
CY2013Q4 us-gaap Net Income Loss
NetIncomeLoss
-1045000 USD
us-gaap Net Income Loss
NetIncomeLoss
-11984000 USD
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
3 Segment
us-gaap Operating Cycle
OperatingCycle
Longer than one year
us-gaap Operating Expenses
OperatingExpenses
53546000 USD
us-gaap Operating Expenses
OperatingExpenses
56225000 USD
CY2012Q4 us-gaap Operating Expenses
OperatingExpenses
24651000 USD
CY2013Q4 us-gaap Operating Expenses
OperatingExpenses
27008000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
-6023000 USD
CY2012Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
-7079000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
-18263000 USD
CY2013Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
-2070000 USD
CY2013Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
841000 USD
CY2013Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
1178000 USD
CY2013Q4 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-74000 USD
CY2012Q4 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-132000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-15000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-100000 USD
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
0 USD
us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
0 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
67721000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
3934000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1726000 USD
CY2013Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2013Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2013Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
2021000 USD
CY2013Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1000000 shares
CY2013Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1000000 shares
CY2013Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2013Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2013Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2013Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2013Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2013Q2 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2013Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
6916000 USD
us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
6575000 USD
CY2013Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
1269000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
275000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
527000 USD
CY2012Q4 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
116000 USD
CY2013Q4 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
440000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
872000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
455000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
377000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
300000 USD
us-gaap Payments For Restructuring
PaymentsForRestructuring
639000 USD
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
774000 USD
CY2013Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
7461000 USD
CY2013Q2 us-gaap Prepaid Taxes
PrepaidTaxes
2369000 USD
CY2013Q4 us-gaap Prepaid Taxes
PrepaidTaxes
8681000 USD
us-gaap Proceeds From Repayments Of Restricted Cash Financing Activities
ProceedsFromRepaymentsOfRestrictedCashFinancingActivities
0 USD
us-gaap Proceeds From Repayments Of Restricted Cash Financing Activities
ProceedsFromRepaymentsOfRestrictedCashFinancingActivities
3000000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
670000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
580000 USD
CY2013Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
15019000 USD
CY2013Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
16145000 USD
us-gaap Repayments Of Debt And Capital Lease Obligations
RepaymentsOfDebtAndCapitalLeaseObligations
343000 USD
us-gaap Repayments Of Debt And Capital Lease Obligations
RepaymentsOfDebtAndCapitalLeaseObligations
268000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
17627000 USD
CY2013Q4 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
10231000 USD
CY2012Q4 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
7588000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
19575000 USD
CY2013Q4 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
546000 USD
CY2013Q2 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
546000 USD
us-gaap Restructuring Charges
RestructuringCharges
5201000 USD
CY2012Q4 us-gaap Revenues From Transactions With Other Operating Segments Of Same Entity
RevenuesFromTransactionsWithOtherOperatingSegmentsOfSameEntity
0 USD
CY2013Q4 us-gaap Revenues From Transactions With Other Operating Segments Of Same Entity
RevenuesFromTransactionsWithOtherOperatingSegmentsOfSameEntity
0 USD
us-gaap Revenues From Transactions With Other Operating Segments Of Same Entity
RevenuesFromTransactionsWithOtherOperatingSegmentsOfSameEntity
0 USD
CY2013Q2 us-gaap Sale Leaseback Transaction Deferred Gain Net
SaleLeasebackTransactionDeferredGainNet
3242000 USD
CY2012Q4 us-gaap Restructuring Charges
RestructuringCharges
217000 USD
us-gaap Restructuring Charges
RestructuringCharges
82000 USD
CY2013Q4 us-gaap Restructuring Charges
RestructuringCharges
97000 USD
CY2013Q2 us-gaap Restructuring Reserve Current
RestructuringReserveCurrent
720000 USD
CY2013Q4 us-gaap Restructuring Reserve Current
RestructuringReserveCurrent
163000 USD
CY2013Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
92223000 USD
CY2013Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
95524000 USD
us-gaap Revenues
Revenues
107030000 USD
CY2013Q4 us-gaap Revenues
Revenues
53090000 USD
us-gaap Revenues
Revenues
99232000 USD
CY2012Q4 us-gaap Revenues
Revenues
49804000 USD
us-gaap Revenues From Transactions With Other Operating Segments Of Same Entity
RevenuesFromTransactionsWithOtherOperatingSegmentsOfSameEntity
0 USD
CY2013Q4 us-gaap Sale Leaseback Transaction Deferred Gain Net
SaleLeasebackTransactionDeferredGainNet
2664000 USD
CY2013Q4 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
14753000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
29107000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
29854000 USD
CY2012Q4 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
14574000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
5752000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
4359000 USD
CY2013Q4 us-gaap Share Based Compensation
ShareBasedCompensation
2717000 USD
CY2012Q4 us-gaap Share Based Compensation
ShareBasedCompensation
2010000 USD
CY2013Q4 us-gaap Significant Change In Unrecognized Tax Benefits Is Reasonably Possible Amount Of Unrecorded Benefit
SignificantChangeInUnrecognizedTaxBenefitsIsReasonablyPossibleAmountOfUnrecordedBenefit
117000 USD
us-gaap Stock Issued1
StockIssued1
12324000 USD
us-gaap Stock Issued1
StockIssued1
8313000 USD
CY2013Q4 us-gaap Stockholders Equity
StockholdersEquity
330812000 USD
CY2013Q2 us-gaap Stockholders Equity
StockholdersEquity
328501000 USD
us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">U</font><font style="font-family:inherit;font-size:8pt;">SE</font><font style="font-family:inherit;font-size:10pt;"> </font><font style="font-family:inherit;font-size:8pt;">OF</font><font style="font-family:inherit;font-size:10pt;"> E</font><font style="font-family:inherit;font-size:8pt;">STIMATES</font></div><div style="line-height:120%;padding-top:8px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with U.S. GAAP 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 dates of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates.</font></div></div>
CY2012Q4 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
CY2013Q4 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
CY2012Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
30107000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
30820000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
29995000 shares
CY2013Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
30988000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
29995000 shares
CY2012Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
30107000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
30820000 shares
CY2013Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
30988000 shares
CY2012Q4 mrcy Adjusted Earnings Before Interest Taxes Depreciation And Amortization
AdjustedEarningsBeforeInterestTaxesDepreciationAndAmortization
999000 USD
CY2013Q4 mrcy Adjusted Earnings Before Interest Taxes Depreciation And Amortization
AdjustedEarningsBeforeInterestTaxesDepreciationAndAmortization
5092000 USD
mrcy Adjusted Earnings Before Interest Taxes Depreciation And Amortization
AdjustedEarningsBeforeInterestTaxesDepreciationAndAmortization
2641000 USD
mrcy Adjusted Earnings Before Interest Taxes Depreciation And Amortization
AdjustedEarningsBeforeInterestTaxesDepreciationAndAmortization
8711000 USD
CY2013Q4 mrcy Entity Wide Disclosure On Geographic Areas Revenue From External Customers Attributed To Individual Foreign Countries
EntityWideDisclosureOnGeographicAreasRevenueFromExternalCustomersAttributedToIndividualForeignCountries
53090000 USD
mrcy Entity Wide Disclosure On Geographic Areas Revenue From External Customers Attributed To Individual Foreign Countries
EntityWideDisclosureOnGeographicAreasRevenueFromExternalCustomersAttributedToIndividualForeignCountries
99232000 USD
CY2012Q4 mrcy Entity Wide Disclosure On Geographic Areas Revenue From External Customers Attributed To Individual Foreign Countries
EntityWideDisclosureOnGeographicAreasRevenueFromExternalCustomersAttributedToIndividualForeignCountries
49804000 USD
mrcy Entity Wide Disclosure On Geographic Areas Revenue From External Customers Attributed To Individual Foreign Countries
EntityWideDisclosureOnGeographicAreasRevenueFromExternalCustomersAttributedToIndividualForeignCountries
107030000 USD
mrcy Fair Value Adjustments From Purchase Accounting
FairValueAdjustmentsFromPurchaseAccounting
0 USD
mrcy Fair Value Adjustments From Purchase Accounting
FairValueAdjustmentsFromPurchaseAccounting
-2197000 USD
CY2013Q4 mrcy Fair Value Adjustments From Purchase Accounting
FairValueAdjustmentsFromPurchaseAccounting
0 USD
CY2012Q4 mrcy Fair Value Adjustments From Purchase Accounting
FairValueAdjustmentsFromPurchaseAccounting
-1272000 USD
mrcy Fair Value Of Unvested Stock Options Assumed
FairValueOfUnvestedStockOptionsAssumed
0 USD
mrcy Fair Value Of Unvested Stock Options Assumed
FairValueOfUnvestedStockOptionsAssumed
513000 USD
mrcy Natureof Business Numberof Contractors Using Productsand Services
NatureofBusinessNumberofContractorsUsingProductsandServices
25 contractor
mrcy Natureof Business Numberof Programs Using Productsand Services
NatureofBusinessNumberofProgramsUsingProductsandServices
300 program
mrcy Restructuring Expense Reversal
RestructuringExpenseReversal
83000 USD
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--06-30
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
dei Document Period End Date
DocumentPeriodEndDate
2013-12-31
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0001049521
CY2014Q1 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
33251547 shares
dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
dei Entity Registrant Name
EntityRegistrantName
MERCURY SYSTEMS INC
dei Trading Symbol
TradingSymbol
MRCY

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