$MRCY
MERCURY SYSTEMS INC Stock $mrcy

$mrcy Overview Financials Valuation SEC Filings Company Website

2016 Q3 Form 10-Q Financial Statement

#000104952116000107 Filed on November 03, 2016

Income Statement

Concept	2016 Q3	2015 Q3
Revenue	$106.1M	$58.41M
YoY Change	81.6%	8.04%
Cost Of Revenue	$48.21M	$30.11M
YoY Change	60.11%	0.15%
Gross Profit	$50.67M	$28.30M
YoY Change	79.05%	17.93%
Gross Profit Margin	47.77%	48.45%
Selling, General & Admin	$17.54M	$12.13M
YoY Change	44.68%	-1.33%
% of Gross Profit	34.62%	42.85%
Research & Development	$12.84M	$8.866M
YoY Change	44.8%	11.51%
% of Gross Profit	25.33%	31.33%
Depreciation & Amortization	$7.320M	$3.301M
YoY Change	121.75%	-9.06%
% of Gross Profit	14.45%	11.66%
Operating Expenses	$35.70M	$25.17M
YoY Change	41.84%	8.16%
Operating Profit	$10.37M	$3.131M
YoY Change	231.24%	330.08%
Interest Expense	$1.822M	$2.000K
YoY Change	91000.0%	-75.0%
% of Operating Profit	17.57%	0.06%
Other Income/Expense, Net	$600.0K	$71.00K
YoY Change	745.07%	-1283.33%
Pretax Income	$9.572M	$3.224M
YoY Change	196.9%	349.65%
Income Tax	-$8.381M	$368.0K
% Of Pretax Income	-87.56%	11.41%
Net Earnings	$17.95M	$2.856M
YoY Change	528.61%	472.34%
Net Earnings / Revenue	16.93%	4.89%
Basic Earnings Per Share	$0.39	$0.09
Diluted Earnings Per Share	$0.38	$0.08
COMMON SHARES
Basic Shares Outstanding	38.87M shares	32.78M shares
Diluted Shares Outstanding	39.87M shares	33.62M shares

Balance Sheet

Concept	2016 Q3	2015 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments	$77.30M	$79.10M
YoY Change	-2.28%	61.76%
Cash & Equivalents	$77.31M	$79.07M
Short-Term Investments
Other Short-Term Assets	$10.50M	$20.70M
YoY Change	-49.28%	-5.91%
Inventory	$58.44M	$34.67M
Prepaid Expenses
Receivables	$62.16M	$41.99M
Other Receivables	$0.00	$0.00
Total Short-Term Assets	$232.0M	$200.9M
YoY Change	15.48%	20.97%
LONG-TERM ASSETS
Property, Plant & Equipment	$31.38M	$13.49M
YoY Change	132.54%	1.12%
Goodwill	$344.5M	$168.1M
YoY Change	104.9%	0.0%
Intangibles	$112.1M	$16.47M
YoY Change	580.46%	-29.14%
Long-Term Investments
YoY Change
Other Assets	$2.231M	$2.148M
YoY Change	3.86%	71.16%
Total Long-Term Assets	$490.2M	$200.5M
YoY Change	144.46%	-4.94%
TOTAL ASSETS
Total Short-Term Assets	$232.0M	$200.9M
Total Long-Term Assets	$490.2M	$200.5M
Total Assets	$722.2M	$401.4M
YoY Change	79.92%	6.47%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$19.28M	$17.19M
YoY Change	12.2%	38.78%
Accrued Expenses	$8.970M	$9.143M
YoY Change	-1.89%	-2.77%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due	$10.00M
YoY Change
Total Short-Term Liabilities	$56.17M	$42.76M
YoY Change	31.37%	25.46%
LONG-TERM LIABILITIES
Long-Term Debt	$180.2M	$0.00
YoY Change
Other Long-Term Liabilities	$927.0K	$1.237M
YoY Change	-25.06%	-5.36%
Total Long-Term Liabilities	$927.0K	$1.237M
YoY Change	-25.06%	-5.36%
TOTAL LIABILITIES
Total Short-Term Liabilities	$56.17M	$42.76M
Total Long-Term Liabilities	$927.0K	$1.237M
Total Liabilities	$247.6M	$48.75M
YoY Change	407.9%	4.74%
SHAREHOLDERS EQUITY
Retained Earnings	$118.0M	$96.43M
YoY Change	22.4%	13.98%
Common Stock	$391.0K	$330.0K
YoY Change	18.48%	3.13%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$474.5M	$352.6M
YoY Change
Total Liabilities & Shareholders Equity	$722.2M	$401.4M
YoY Change	79.92%	6.47%

Cashflow Statement

Concept	2016 Q3	2015 Q3
OPERATING ACTIVITIES
Net Income	$17.95M	$2.856M
YoY Change	528.61%	472.34%
Depreciation, Depletion And Amortization	$7.320M	$3.301M
YoY Change	121.75%	-9.06%
Cash From Operating Activities	$10.28M	$6.582M
YoY Change	56.23%	202.2%
INVESTING ACTIVITIES
Capital Expenditures	$6.050M	$1.867M
YoY Change	224.05%	106.3%
Acquisitions	$0.00
YoY Change
Other Investing Activities	$111.0K	$185.0K
YoY Change	-40.0%
Cash From Investing Activities	-$6.161M	-$2.052M
YoY Change	200.24%	126.74%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net	$6.128M	$3.708M
YoY Change	65.26%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-$8.548M	-$3.079M
YoY Change	177.62%	-885.46%
NET CHANGE
Cash From Operating Activities	$10.28M	$6.582M
Cash From Investing Activities	-$6.161M	-$2.052M
Cash From Financing Activities	-$8.548M	-$3.079M
Net Change In Cash	-$4.426M	$1.451M
YoY Change	-405.03%	-12.85%
FREE CASH FLOW
Cash From Operating Activities	$10.28M	$6.582M
Capital Expenditures	$6.050M	$1.867M
Free Cash Flow	$4.233M	$4.715M
YoY Change	-10.22%	270.38%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2016Q3	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	140000	USD
CY2015Q3	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	1713000	USD
CY2016Q3	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	4602000	USD
CY2015Q3	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	356000	shares
CY2016Q3	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	22000	shares
CY2016Q3	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	8970000	USD
CY2016Q2	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	947000	USD
CY2016Q3	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	955000	USD
CY2016Q2	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	357500000	USD
CY2016Q3	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	355164000	USD
CY2015Q3	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	2702000	USD
CY2016Q3	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	3632000	USD
CY2015Q3	us-gaap	Allocated Share Based Compensation Expense Net Of Tax AllocatedShareBasedCompensationExpenseNetOfTax	1661000	USD
CY2016Q3	us-gaap	Allocated Share Based Compensation Expense Net Of Tax AllocatedShareBasedCompensationExpenseNetOfTax	2243000	USD
CY2016Q2	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	92000	USD
CY2016Q3	dei	Amendment Flag AmendmentFlag	false
CY2016Q3	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--06-30
CY2016Q3	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2016Q3	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2017
CY2016Q3	dei	Document Period End Date DocumentPeriodEndDate	2016-09-30
CY2016Q3	dei	Document Type DocumentType	10-Q
CY2016Q3	dei	Entity Central Index Key EntityCentralIndexKey	0001049521
CY2016Q4	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	41014934	shares
CY2016Q3	dei	Entity Filer Category EntityFilerCategory	Accelerated Filer
CY2016Q3	dei	Entity Registrant Name EntityRegistrantName	MERCURY SYSTEMS INC
CY2016Q3	dei	Trading Symbol TradingSymbol	MRCY
CY2016Q3	mrcy	Natureof Business Numberof Contractors Using Productsand Services NatureofBusinessNumberofContractorsUsingProductsandServices	25	contractor
CY2016Q3	mrcy	Natureof Business Numberof Programs Using Productsand Services NatureofBusinessNumberofProgramsUsingProductsandServices	300	program
CY2016Q2	us-gaap	Accounts Payable Current AccountsPayableCurrent	26723000	USD
CY2016Q3	us-gaap	Accounts Payable Current AccountsPayableCurrent	19283000	USD
CY2016Q2	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	73427000	USD
CY2016Q3	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	62158000	USD
CY2016Q2	us-gaap	Accrued Income Taxes Noncurrent AccruedIncomeTaxesNoncurrent	700000	USD
CY2016Q3	us-gaap	Accrued Income Taxes Noncurrent AccruedIncomeTaxesNoncurrent	700000	USD
CY2016Q2	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	10273000	USD
CY2016Q2	us-gaap	Assets Assets	736496000	USD
CY2016Q3	us-gaap	Assets Assets	722161000	USD
CY2016Q2	us-gaap	Assets Current AssetsCurrent	245392000	USD
CY2016Q3	us-gaap	Assets Current AssetsCurrent	231958000	USD
CY2015Q3	us-gaap	Business Combination Acquisition Related Costs BusinessCombinationAcquisitionRelatedCosts	2128000	USD
CY2016Q3	us-gaap	Business Combination Acquisition Related Costs BusinessCombinationAcquisitionRelatedCosts	421000	USD
CY2015Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	77586000	USD
CY2015Q3	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	79073000	USD
CY2016Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	81691000	USD
CY2016Q3	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	77314000	USD
CY2015Q3	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	1487000	USD
CY2016Q3	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	-4377000	USD
CY2016Q2	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD
CY2016Q3	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD
CY2016Q2	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
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CY2016Q2	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	85000000	shares
CY2016Q3	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	85000000	shares
CY2016Q2	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	38675340	shares
CY2016Q3	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	39053991	shares
CY2016Q2	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	38675340	shares
CY2016Q3	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	39053991	shares
CY2016Q2	us-gaap	Common Stock Value CommonStockValue	387000	USD
CY2016Q3	us-gaap	Common Stock Value CommonStockValue	391000	USD
CY2015Q3	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	2873000	USD
CY2016Q3	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	3827000	USD
CY2015Q3	us-gaap	Cost Of Revenue CostOfRevenue	30107000	USD
CY2016Q3	us-gaap	Cost Of Revenue CostOfRevenue	48205000	USD
CY2016Q2	us-gaap	Costs In Excess Of Billings On Uncompleted Contracts Or Programs Expected To Be Collected Within One Year CostsInExcessOfBillingsOnUncompletedContractsOrProgramsExpectedToBeCollectedWithinOneYear	22467000	USD
CY2016Q3	us-gaap	Costs In Excess Of Billings On Uncompleted Contracts Or Programs Expected To Be Collected Within One Year CostsInExcessOfBillingsOnUncompletedContractsOrProgramsExpectedToBeCollectedWithinOneYear	23574000	USD
CY2015Q3	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	-412000	USD
CY2016Q3	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	-2606000	USD
CY2016Q2	us-gaap	Deferred Revenue Current DeferredRevenueCurrent	7365000	USD
CY2016Q3	us-gaap	Deferred Revenue Current DeferredRevenueCurrent	3566000	USD
CY2016Q2	us-gaap	Deferred Tax Liabilities Noncurrent DeferredTaxLiabilitiesNoncurrent	11842000	USD
CY2016Q3	us-gaap	Deferred Tax Liabilities Noncurrent DeferredTaxLiabilitiesNoncurrent	9575000	USD
CY2015Q3	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	3301000	USD
CY2016Q3	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	7320000	USD
CY2015Q3	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.09
CY2016Q3	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.10
CY2015Q3	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.08
CY2016Q3	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.10
CY2015Q3	us-gaap	Effect Of Exchange Rate On Cash And Cash Equivalents EffectOfExchangeRateOnCashAndCashEquivalents	36000	USD
CY2016Q3	us-gaap	Effect Of Exchange Rate On Cash And Cash Equivalents EffectOfExchangeRateOnCashAndCashEquivalents	49000	USD
CY2016Q2	us-gaap	Employee Related Liabilities Current EmployeeRelatedLiabilitiesCurrent	13283000	USD
CY2016Q3	us-gaap	Employee Related Liabilities Current EmployeeRelatedLiabilitiesCurrent	14355000	USD
CY2016Q3	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized	177000	USD
CY2015Q3	us-gaap	Employee Service Share Based Compensation Tax Benefit From Compensation Expense EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense	1041000	USD
CY2016Q3	us-gaap	Employee Service Share Based Compensation Tax Benefit From Compensation Expense EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense	1389000	USD
CY2016Q2	us-gaap	Goodwill Goodwill	344027000	USD
CY2016Q3	us-gaap	Goodwill Goodwill	344525000	USD
CY2016Q3	us-gaap	Goodwill Other Increase Decrease GoodwillOtherIncreaseDecrease	498000	USD
CY2015Q3	us-gaap	Gross Profit GrossProfit	28302000	USD
CY2016Q3	us-gaap	Gross Profit GrossProfit	39444000	USD
CY2015Q3	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	3224000	USD
CY2016Q3	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	2560000	USD
CY2015Q3	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	368000	USD
CY2016Q3	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-1259000	USD
CY2015Q3	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	65000	USD
CY2016Q3	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	717000	USD
CY2015Q3	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	9017000	USD
CY2016Q3	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	-7377000	USD
CY2016Q3	us-gaap	Increase Decrease In Deferred Revenue And Customer Advances And Deposits IncreaseDecreaseInDeferredRevenueAndCustomerAdvancesAndDeposits	-3816000	USD
CY2016Q3	us-gaap	Increase Decrease In Other Noncurrent Assets IncreaseDecreaseInOtherNoncurrentAssets	86000	USD
CY2015Q3	us-gaap	Increase Decrease In Other Noncurrent Liabilities IncreaseDecreaseInOtherNoncurrentLiabilities	-21000	USD
CY2016Q3	us-gaap	Increase Decrease In Other Noncurrent Liabilities IncreaseDecreaseInOtherNoncurrentLiabilities	-39000	USD
CY2015Q3	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	12781000	USD
CY2016Q3	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-10111000	USD
CY2015Q3	us-gaap	Increase Decrease In Accrued Income Taxes Payable IncreaseDecreaseInAccruedIncomeTaxesPayable	0	USD
CY2016Q3	us-gaap	Increase Decrease In Accrued Income Taxes Payable IncreaseDecreaseInAccruedIncomeTaxesPayable	-35000	USD
CY2015Q3	us-gaap	Increase Decrease In Deferred Revenue And Customer Advances And Deposits IncreaseDecreaseInDeferredRevenueAndCustomerAdvancesAndDeposits	659000	USD
CY2015Q3	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	2739000	USD
CY2016Q3	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	104000	USD
CY2015Q3	us-gaap	Increase Decrease In Other Noncurrent Assets IncreaseDecreaseInOtherNoncurrentAssets	-37000	USD
CY2015Q3	us-gaap	Increase Decrease In Prepaid Expense IncreaseDecreaseInPrepaidExpense	-3378000	USD
CY2016Q3	us-gaap	Increase Decrease In Prepaid Expense IncreaseDecreaseInPrepaidExpense	1553000	USD
CY2015Q3	us-gaap	Increase Decrease In Prepaid Taxes IncreaseDecreaseInPrepaidTaxes	-706000	USD
CY2016Q3	us-gaap	Increase Decrease In Prepaid Taxes IncreaseDecreaseInPrepaidTaxes	-597000	USD
CY2016Q2	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	116673000	USD
CY2016Q3	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	112071000	USD
CY2015Q3	us-gaap	Interest Expense InterestExpense	2000	USD
CY2016Q3	us-gaap	Interest Expense InterestExpense	1822000	USD
CY2015Q3	us-gaap	Interest Paid InterestPaid	2000	USD
CY2016Q3	us-gaap	Interest Paid InterestPaid	1351000	USD
CY2016Q2	us-gaap	Inventory Finished Goods Net Of Reserves InventoryFinishedGoodsNetOfReserves	11112000	USD
CY2016Q3	us-gaap	Inventory Finished Goods Net Of Reserves InventoryFinishedGoodsNetOfReserves	9439000	USD
CY2016Q2	us-gaap	Inventory Net InventoryNet	58284000	USD
CY2016Q3	us-gaap	Inventory Net InventoryNet	58443000	USD
CY2016Q2	us-gaap	Inventory Raw Materials Net Of Reserves InventoryRawMaterialsNetOfReserves	31205000	USD
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CY2016Q2	us-gaap	Inventory Work In Process Net Of Reserves InventoryWorkInProcessNetOfReserves	15967000	USD
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CY2015Q3	us-gaap	Investment Income Interest InvestmentIncomeInterest	24000	USD
CY2016Q3	us-gaap	Investment Income Interest InvestmentIncomeInterest	40000	USD
CY2016Q3	us-gaap	Letters Of Credit Outstanding Amount LettersOfCreditOutstandingAmount	1938000	USD
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CY2016Q3	us-gaap	Liabilities Liabilities	247622000	USD
CY2016Q2	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	736496000	USD
CY2016Q3	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	722161000	USD
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CY2016Q3	us-gaap	Liabilities Current LiabilitiesCurrent	56174000	USD
CY2016Q3	us-gaap	Long Term Debt LongTermDebt	197500000	USD
CY2016Q2	us-gaap	Long Term Debt Current LongTermDebtCurrent	10000000	USD
CY2016Q3	us-gaap	Long Term Debt Current LongTermDebtCurrent	10000000	USD
CY2015Q3	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-3079000	USD
CY2016Q3	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-8548000	USD
CY2015Q3	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-2052000	USD
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CY2016Q3	us-gaap	Noncurrent Assets NoncurrentAssets	31376000	USD
CY2016Q3	us-gaap	Operating Cycle OperatingCycle	Longer than one year
CY2015Q3	us-gaap	Operating Expenses OperatingExpenses	25171000	USD
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CY2015Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	3131000	USD
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CY2016Q3	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	2231000	USD
CY2015Q3	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	17000	USD
CY2016Q3	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	8000	USD
CY2016Q2	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	991000	USD
CY2016Q3	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	927000	USD
CY2015Q3	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	121000	USD
CY2016Q3	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	51000	USD
CY2015Q3	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	71000	USD
CY2016Q3	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	600000	USD
CY2015Q3	us-gaap	Paid In Kind Interest PaidInKindInterest	0	USD
CY2016Q3	us-gaap	Paid In Kind Interest PaidInKindInterest	471000	USD
CY2015Q3	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	185000	USD
CY2016Q3	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	111000	USD
CY2015Q3	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	3708000	USD
CY2016Q3	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	6128000	USD
CY2016Q3	us-gaap	Payments For Restructuring PaymentsForRestructuring	335000	USD
CY2015Q3	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	1867000	USD
CY2016Q3	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	6050000	USD
CY2016Q2	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.01
CY2016Q3	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.01
CY2016Q2	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	1000000	shares
CY2016Q3	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	1000000	shares
CY2016Q2	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2016Q3	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2016Q2	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2016Q3	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2016Q2	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2016Q3	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2016Q2	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	6122000	USD
CY2016Q3	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	7665000	USD
CY2016Q2	us-gaap	Prepaid Taxes PrepaidTaxes	3401000	USD
CY2016Q3	us-gaap	Prepaid Taxes PrepaidTaxes	2804000	USD
CY2015Q3	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	629000	USD
CY2016Q3	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	80000	USD
CY2016Q2	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	28337000	USD
CY2016Q3	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	31376000	USD
CY2015Q3	us-gaap	Repayments Of Debt And Capital Lease Obligations RepaymentsOfDebtAndCapitalLeaseObligations	0	USD
CY2016Q3	us-gaap	Repayments Of Debt And Capital Lease Obligations RepaymentsOfDebtAndCapitalLeaseObligations	2500000	USD
CY2015Q3	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	8866000	USD
CY2016Q3	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	12838000	USD
CY2016Q2	us-gaap	Restricted Cash And Cash Equivalents Noncurrent RestrictedCashAndCashEquivalentsNoncurrent	264000	USD
CY2016Q3	us-gaap	Restricted Cash And Cash Equivalents Noncurrent RestrictedCashAndCashEquivalentsNoncurrent	0	USD
CY2015Q3	us-gaap	Restructuring Charges RestructuringCharges	338000	USD
CY2016Q3	us-gaap	Restructuring Charges RestructuringCharges	297000	USD
CY2016Q2	us-gaap	Restructuring Reserve Current RestructuringReserveCurrent	926000	USD
CY2016Q3	us-gaap	Restructuring Reserve Current RestructuringReserveCurrent	888000	USD
CY2016Q3	us-gaap	Restructuring Settlement And Impairment Provisions RestructuringSettlementAndImpairmentProvisions	297000	USD
CY2016Q2	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	114210000	USD
CY2016Q3	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	118029000	USD
CY2015Q3	us-gaap	Revenues Revenues	58409000	USD
CY2016Q3	us-gaap	Revenues Revenues	87649000	USD
CY2016Q2	us-gaap	Secured Long Term Debt SecuredLongTermDebt	182275000	USD
CY2016Q3	us-gaap	Secured Long Term Debt SecuredLongTermDebt	180246000	USD
CY2015Q3	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	12126000	USD
CY2016Q3	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	17544000	USD
CY2015Q3	us-gaap	Share Based Compensation ShareBasedCompensation	2702000	USD
CY2016Q3	us-gaap	Share Based Compensation ShareBasedCompensation	3632000	USD
CY2016Q3	us-gaap	Significant Change In Unrecognized Tax Benefits Is Reasonably Possible Amount Of Unrecorded Benefit SignificantChangeInUnrecognizedTaxBenefitsIsReasonablyPossibleAmountOfUnrecordedBenefit	757000	USD
CY2015Q3	us-gaap	Stock Issued1 StockIssued1	7114000	USD
CY2016Q3	us-gaap	Stock Issued1 StockIssued1	15002000	USD
CY2016Q2	us-gaap	Stockholders Equity StockholdersEquity	473044000	USD
CY2016Q3	us-gaap	Stockholders Equity StockholdersEquity	474539000	USD
CY2015Q3	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	838000	shares
CY2016Q3	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	1000000	shares
CY2015Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	33616000	shares
CY2016Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	39865000	shares
CY2015Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	32778000	shares
CY2016Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	38865000	shares
CY2016Q3	us-gaap	Nature Of Operations NatureOfOperations	<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-align:justify;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Mercury Systems, Inc. (the “Company” or “Mercury”) is a leading commercial provider of secure processing subsystems designed and made in the U.S.A. Optimized for customer and mission success, its solutions power a wide variety of critical defense and intelligence programs. Headquartered in Chelmsford, Massachusetts, it is pioneering a next-generation defense electronics business model specifically designed to meet the industry's current and emerging technology and business needs. The Company delivers affordable innovative solutions, rapid time-to-value and service and support to its 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;">300</font><font style="font-family:inherit;font-size:10pt;"> programs with over </font><font style="font-family:inherit;font-size:10pt;">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"), Gorgon Stare, Predator, F-35, Reaper and Digital Electronic Warfare System ("DEWS"). The Company's organizational structure allows it to deliver capabilities that combine technology building blocks and deep domain expertise in the defense sector.</font></div></div>
CY2016Q3	us-gaap	Prior Period Reclassification Adjustment Description PriorPeriodReclassificationAdjustmentDescription	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">R</font><font style="font-family:inherit;font-size:8pt;">ECLASSIFICATION</font></div><div style="line-height:120%;padding-top:8px;text-align:justify;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company has restated the income tax provision amount for the three months ended September 30, 2015 for the adoption of FASB Accounting Standards Update ("ASU") 2016-09, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Improvements to Employee Share-Based Payment Accounting</font><font style="font-family:inherit;font-size:10pt;">. The Company’s Consolidated Statements of Operations and Comprehensive Income and Consolidated Statements of Cash Flows have been updated to reflect this change. </font></div><div style="line-height:120%;padding-top:8px;text-align:justify;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company included costs related to the sustainment of its product portfolio as research and development expense, which was previously included as costs of revenue on the Consolidated Statements of Operations and Comprehensive Income.</font></div></div>
CY2016Q3	us-gaap	Use Of Estimates UseOfEstimates	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;text-align:justify;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-align:justify;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with 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>

Files In Submission

Name	View Source	Status
0001049521-16-000107-index-headers.html	Edgar Link	pending
0001049521-16-000107-index.html	Edgar Link	pending
0001049521-16-000107.txt	Edgar Link	pending
0001049521-16-000107-xbrl.zip	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
mrcy-20160930.xml	Edgar Link	completed
mrcy-20160930.xsd	Edgar Link	pending
mrcy-20160930_cal.xml	Edgar Link	unprocessable
mrcy-20160930_def.xml	Edgar Link	unprocessable
mrcy-20160930_lab.xml	Edgar Link	unprocessable
mrcy-20160930_pre.xml	Edgar Link	unprocessable
mrcy-9302016xexx311.htm	Edgar Link	pending
mrcy-9302016xexx312.htm	Edgar Link	pending
mrcy-9302016xexx321.htm	Edgar Link	pending
mrcy9302016-10q.htm	Edgar Link	pending
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report.css	Edgar Link	pending
Show.js	Edgar Link	pending

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$MRCY
MERCURY SYSTEMS INC Stock $mrcy

2016 Q3 Form 10-Q Financial Statement

#000104952116000107 Filed on November 03, 2016

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$MRCY MERCURY SYSTEMS INC Stock $mrcy

2016 Q3 Form 10-Q Financial Statement

#000104952116000107 Filed on November 03, 2016

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$MRCY
MERCURY SYSTEMS INC Stock $mrcy