2018 Q1 Form 10-K Financial Statement

#000104952118000030 Filed on August 16, 2018

View on sec.gov

Income Statement

Concept 2018 Q1 2017 Q2 2016 Q2
Revenue $174.6M $152.9M $85.43M
YoY Change 50.11% 78.94% 33.24%
Cost Of Revenue $63.57M $61.70M $47.30M
YoY Change 12.45% 30.44% 63.67%
Gross Profit $73.85M $68.26M $38.18M
YoY Change 39.95% 78.8% 22.1%
Gross Profit Margin 42.29% 44.65% 44.69%
Selling, General & Admin $21.14M $20.40M $15.60M
YoY Change 9.93% 30.77% 27.87%
% of Gross Profit 28.62% 29.89% 40.86%
Research & Development $15.02M $13.90M $10.50M
YoY Change 5.8% 32.38% -16.67%
% of Gross Profit 20.34% 20.36% 27.5%
Depreciation & Amortization $11.40M $9.200M $5.800M
YoY Change 44.3% 58.62% 70.59%
% of Gross Profit 15.44% 13.48% 15.19%
Operating Expenses $45.93M $39.70M $29.80M
YoY Change 17.5% 33.22% 12.45%
Operating Profit $22.06M $18.89M $7.654M
YoY Change 222.64% 146.77% -3.49%
Interest Expense $999.0K -$1.700M -$1.100M
YoY Change -47.23% 54.55%
% of Operating Profit 4.53% -9.0% -14.37%
Other Income/Expense, Net $66.00K $0.00 $2.100M
YoY Change -76.34% -100.0% 2000.0%
Pretax Income $19.47M $16.63M $8.590M
YoY Change 229.65% 93.57% 7.62%
Income Tax $5.357M $6.527M $1.101M
% Of Pretax Income 27.52% 39.25% 12.82%
Net Earnings $14.11M $10.10M $7.489M
YoY Change 281.74% 34.88% 26.29%
Net Earnings / Revenue 8.08% 6.61% 8.77%
Basic Earnings Per Share $0.30 $0.22 $0.20
Diluted Earnings Per Share $0.29 $0.21 $0.19
COMMON SHARES
Basic Shares Outstanding 46.84M shares 47.99M shares 40.03M shares
Diluted Shares Outstanding 47.53M shares

Balance Sheet

Concept 2018 Q1 2017 Q2 2016 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $44.20M $41.60M $81.70M
YoY Change -83.64% -49.08% 5.28%
Cash & Equivalents $44.22M $41.64M $81.69M
Short-Term Investments
Other Short-Term Assets $10.30M $9.800M $9.500M
YoY Change 9.57% 3.16% -23.39%
Inventory $117.1M $81.07M $58.28M
Prepaid Expenses
Receivables $101.4M $76.34M $73.43M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $313.2M $246.2M $245.4M
YoY Change -30.15% 0.33% 39.62%
LONG-TERM ASSETS
Property, Plant & Equipment $51.29M $51.64M $28.34M
YoY Change 8.31% 82.25% 114.25%
Goodwill $112.8M $380.8M $344.0M
YoY Change -69.14% 10.7% 104.6%
Intangibles $186.4M $129.0M $116.7M
YoY Change 58.02% 10.6% 548.26%
Long-Term Investments
YoY Change
Other Assets $6.814M $8.023M $1.803M
YoY Change 240.53% 344.98% 97.05%
Total Long-Term Assets $743.8M $569.5M $491.1M
YoY Change 39.54% 15.97% 132.62%
TOTAL ASSETS
Total Short-Term Assets $313.2M $246.2M $245.4M
Total Long-Term Assets $743.8M $569.5M $491.1M
Total Assets $1.057B $815.7M $736.5M
YoY Change 7.7% 10.76% 90.37%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $32.86M $27.49M $26.72M
YoY Change 35.1% 2.85% 285.72%
Accrued Expenses $16.66M $20.59M $10.27M
YoY Change 14.08% 100.47% 14.08%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $10.00M
YoY Change -100.0%
Total Short-Term Liabilities $79.34M $72.85M $67.64M
YoY Change 8.14% 7.69% 103.23%
LONG-TERM LIABILITIES
Long-Term Debt $195.0M $0.00 $182.3M
YoY Change 10.73% -100.0%
Other Long-Term Liabilities $11.80M $11.77M $991.0K
YoY Change -7.56% 1087.89% -50.4%
Total Long-Term Liabilities $11.80M $11.77M $991.0K
YoY Change -7.56% 1087.89% -50.4%
TOTAL LIABILITIES
Total Short-Term Liabilities $79.34M $72.85M $67.64M
Total Long-Term Liabilities $11.80M $11.77M $991.0K
Total Liabilities $301.2M $90.33M $263.5M
YoY Change 11.54% -65.71% 617.03%
SHAREHOLDERS EQUITY
Retained Earnings $169.9M $139.1M $114.2M
YoY Change 30.39% 21.78% 20.9%
Common Stock $468.0K $463.0K $387.0K
YoY Change 1.52% 19.64% 18.71%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $755.8M $725.4M $473.0M
YoY Change
Total Liabilities & Shareholders Equity $1.057B $815.7M $736.5M
YoY Change 7.7% 10.76% 90.37%

Cashflow Statement

Concept 2018 Q1 2017 Q2 2016 Q2
OPERATING ACTIVITIES
Net Income $14.11M $10.10M $7.489M
YoY Change 281.74% 34.88% 26.29%
Depreciation, Depletion And Amortization $11.40M $9.200M $5.800M
YoY Change 44.3% 58.62% 70.59%
Cash From Operating Activities $900.0K $9.700M $13.70M
YoY Change -96.39% -29.2% 7.87%
INVESTING ACTIVITIES
Capital Expenditures -$3.500M -$6.000M -$3.000M
YoY Change -73.08% 100.0% 20.0%
Acquisitions
YoY Change
Other Investing Activities -$179.6M -$40.80M -$300.0M
YoY Change -12073.33% -86.4% 59900.0%
Cash From Investing Activities -$183.0M -$46.90M -$303.0M
YoY Change 1477.59% -84.52% 10000.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 194.8M -192.2M 286.3M
YoY Change -7.59% -167.13% 18986.67%
NET CHANGE
Cash From Operating Activities 900.0K 9.700M 13.70M
Cash From Investing Activities -183.0M -46.90M -303.0M
Cash From Financing Activities 194.8M -192.2M 286.3M
Net Change In Cash 12.70M -229.4M -3.000M
YoY Change -94.33% 7546.67% -126.79%
FREE CASH FLOW
Cash From Operating Activities $900.0K $9.700M $13.70M
Capital Expenditures -$3.500M -$6.000M -$3.000M
Free Cash Flow $4.400M $15.70M $16.70M
YoY Change -88.39% -5.99% 9.87%

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CY2017 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-7645000 USD
CY2018 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-4527000 USD
CY2016 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-10000 USD
CY2017 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
156000 USD
CY2018 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-272000 USD
CY2016 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-3061000 USD
CY2017 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-7841000 USD
CY2018 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-5464000 USD
CY2017Q2 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
33119000 USD
CY2018Q2 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
39908000 USD
CY2017Q2 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
6360000 USD
CY2018Q2 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
12596000 USD
CY2016 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-424000 USD
CY2017 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-1684000 USD
CY2018 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-537000 USD
CY2017Q2 us-gaap Deferred Tax Assets Capital Loss Carryforwards
DeferredTaxAssetsCapitalLossCarryforwards
3562000 USD
CY2018Q2 us-gaap Deferred Tax Assets Capital Loss Carryforwards
DeferredTaxAssetsCapitalLossCarryforwards
2413000 USD
CY2017Q2 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
45466000 USD
CY2018Q2 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
43265000 USD
CY2017Q2 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
28896000 USD
CY2018Q2 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
26273000 USD
CY2017Q2 us-gaap Deferred Tax Assets Net Current
DeferredTaxAssetsNetCurrent
633000 USD
CY2018Q2 us-gaap Deferred Tax Assets Net Current
DeferredTaxAssetsNetCurrent
0 USD
CY2017Q2 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
1500000 USD
CY2018Q2 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
1565000 USD
CY2017Q2 us-gaap Deferred Tax Assets Tax Credit Carryforwards Research
DeferredTaxAssetsTaxCreditCarryforwardsResearch
13415000 USD
CY2018Q2 us-gaap Deferred Tax Assets Tax Credit Carryforwards Research
DeferredTaxAssetsTaxCreditCarryforwardsResearch
18784000 USD
CY2017Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Compensation
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1606000 USD
CY2018Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Compensation
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeCompensation
1561000 USD
CY2017Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
4858000 USD
CY2018Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
3944000 USD
CY2017Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Other
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsOther
2125000 USD
CY2018Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Other
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsOther
1085000 USD
CY2017Q2 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
16570000 USD
CY2018Q2 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
16992000 USD
CY2017Q2 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
4223000 USD
CY2018Q2 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
13635000 USD
CY2017Q2 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssets
28163000 USD
CY2018Q2 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssets
34546000 USD
CY2017Q2 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
4856000 USD
CY2018Q2 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
13635000 USD
CY2017Q2 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
441000 USD
CY2018Q2 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
230000 USD
CY2017Q2 us-gaap Deferred Tax Liabilities Prepaid Expenses
DeferredTaxLiabilitiesPrepaidExpenses
481000 USD
CY2018Q2 us-gaap Deferred Tax Liabilities Prepaid Expenses
DeferredTaxLiabilitiesPrepaidExpenses
696000 USD
CY2017Q2 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
3749000 USD
CY2018Q2 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
4436000 USD
CY2018 us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
596000 USD
CY2018Q2 us-gaap Defined Benefit Plan Expected Future Employer Contributions Next Fiscal Year
DefinedBenefitPlanExpectedFutureEmployerContributionsNextFiscalYear
642 USD
CY2017 us-gaap Defined Benefit Plan Foreign Currency Exchange Rate Changes Benefit Obligation
DefinedBenefitPlanForeignCurrencyExchangeRateChangesBenefitObligation
286000 USD
CY2018 us-gaap Defined Benefit Plan Foreign Currency Exchange Rate Changes Benefit Obligation
DefinedBenefitPlanForeignCurrencyExchangeRateChangesBenefitObligation
-596000 USD
CY2016 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
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1874000 USD
CY2017 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
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3206000 USD
CY2018 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
3684000 USD
CY2016 us-gaap Depreciation
Depreciation
6900000 USD
CY2017 us-gaap Depreciation
Depreciation
12589000 USD
CY2018 us-gaap Depreciation
Depreciation
16273000 USD
CY2016 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
15742000 USD
CY2017 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
32269000 USD
CY2018 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
42277000 USD
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0.58
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0.10
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0.13
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0.16
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0.19
CY2017 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.59
CY2017Q3 us-gaap Earnings Per Share Basic
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0.39
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0.20
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0.08
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EarningsPerShareBasic
0.22
CY2018 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.88
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0.56
CY2016Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.10
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EarningsPerShareDiluted
0.13
CY2017Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.16
CY2017Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.19
CY2017 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.58
CY2017Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.38
CY2017Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.19
CY2018Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.08
CY2018Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.21
CY2018 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.86
CY2016 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
479000 USD
CY2017 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
549000 USD
CY2018 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-497000 USD
CY2016 us-gaap Effective Income Tax Rate Continuing Operations
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0.219
CY2017 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.199
CY2018 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.040
CY2016 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
CY2017 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
CY2018 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.28
CY2016 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0.000
CY2017 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0.000
CY2018 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0.023
CY2016 us-gaap Effective Income Tax Rate Reconciliation Deductions Qualified Production Activities
EffectiveIncomeTaxRateReconciliationDeductionsQualifiedProductionActivities
0.035
CY2017 us-gaap Effective Income Tax Rate Reconciliation Deductions Qualified Production Activities
EffectiveIncomeTaxRateReconciliationDeductionsQualifiedProductionActivities
0.039
CY2018 us-gaap Effective Income Tax Rate Reconciliation Deductions Qualified Production Activities
EffectiveIncomeTaxRateReconciliationDeductionsQualifiedProductionActivities
0.020
CY2016 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Research And Development
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0.084
CY2017 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Research And Development
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseResearchAndDevelopment
0.061
CY2018 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Research And Development
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseResearchAndDevelopment
0.051
CY2016 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
0.026
CY2017 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
0.018
CY2018 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
0.017
CY2016 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.018
CY2017 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.009
CY2018 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.014
CY2016 us-gaap Effective Income Tax Rate Reconciliation Repatriation Of Foreign Earnings
EffectiveIncomeTaxRateReconciliationRepatriationOfForeignEarnings
0.002
CY2017 us-gaap Effective Income Tax Rate Reconciliation Repatriation Of Foreign Earnings
EffectiveIncomeTaxRateReconciliationRepatriationOfForeignEarnings
0.001
CY2018 us-gaap Effective Income Tax Rate Reconciliation Repatriation Of Foreign Earnings
EffectiveIncomeTaxRateReconciliationRepatriationOfForeignEarnings
0.019
CY2016 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.050
CY2017 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.049
CY2018 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.056
CY2016 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Foreign
EffectiveIncomeTaxRateReconciliationTaxCreditsForeign
0.000
CY2017 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Foreign
EffectiveIncomeTaxRateReconciliationTaxCreditsForeign
0.002
CY2018 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Foreign
EffectiveIncomeTaxRateReconciliationTaxCreditsForeign
0.003
CY2016 us-gaap Effective Income Tax Rate Reconciliation Tax Settlements Other
EffectiveIncomeTaxRateReconciliationTaxSettlementsOther
-0.028
CY2017 us-gaap Effective Income Tax Rate Reconciliation Tax Settlements Other
EffectiveIncomeTaxRateReconciliationTaxSettlementsOther
0.000
CY2018 us-gaap Effective Income Tax Rate Reconciliation Tax Settlements Other
EffectiveIncomeTaxRateReconciliationTaxSettlementsOther
0.000
CY2017Q2 us-gaap Employee Related Liabilities Current
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18406000 USD
CY2018Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
21375000 USD
CY2016Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
93000 USD
CY2017Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
194000 USD
CY2018Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
317000 USD
CY2016 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
3727000 USD
CY2017 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
5874000 USD
CY2018 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
5713000 USD
CY2017 us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
4066000 USD
CY2018 us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
7897000 USD
CY2016 us-gaap Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
4080000 USD
CY2017 us-gaap Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
3831000 USD
CY2018 us-gaap Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
-57000 USD
CY2017Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
39657000 USD
CY2018Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
65584000 USD
CY2018Q2 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
70581000 USD
CY2018Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
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25372000 USD
CY2018Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
18789000 USD
CY2018Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
20771000 USD
CY2018Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
20867000 USD
CY2018Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
21524000 USD
CY2017Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
168694000 USD
CY2018Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
243488000 USD
CY2017Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
129037000 USD
CY2018Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
177904000 USD
CY2016 us-gaap Foreign Income Tax Expense Benefit Continuing Operations
ForeignIncomeTaxExpenseBenefitContinuingOperations
49000 USD
CY2017 us-gaap Foreign Income Tax Expense Benefit Continuing Operations
ForeignIncomeTaxExpenseBenefitContinuingOperations
396000 USD
CY2018 us-gaap Foreign Income Tax Expense Benefit Continuing Operations
ForeignIncomeTaxExpenseBenefitContinuingOperations
-86000 USD
CY2017Q2 us-gaap Goodwill
Goodwill
380846000 USD
CY2018Q2 us-gaap Goodwill
Goodwill
497442000 USD
CY2018Q1 us-gaap Goodwill
Goodwill
112848000 USD
CY2016 us-gaap Gross Profit
GrossProfit
127619000 USD
CY2016Q3 us-gaap Gross Profit
GrossProfit
39444000 USD
CY2016Q4 us-gaap Gross Profit
GrossProfit
47389000 USD
CY2017Q1 us-gaap Gross Profit
GrossProfit
50783000 USD
CY2017Q2 us-gaap Gross Profit
GrossProfit
53927000 USD
CY2017 us-gaap Gross Profit
GrossProfit
191543000 USD
CY2017Q3 us-gaap Gross Profit
GrossProfit
50674000 USD
CY2017Q4 us-gaap Gross Profit
GrossProfit
54160000 USD
CY2018Q1 us-gaap Gross Profit
GrossProfit
52766000 USD
CY2018Q2 us-gaap Gross Profit
GrossProfit
68258000 USD
CY2018 us-gaap Gross Profit
GrossProfit
225858000 USD
CY2016 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
231000 USD
CY2017 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0 USD
CY2018 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0 USD
CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
25194000 USD
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
30499000 USD
CY2017 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
6193000 USD
CY2017Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
11307000 USD
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
31068000 USD
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
43368000 USD
CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
92000 USD
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
569000 USD
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
-795000 USD
CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
25286000 USD
CY2016Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
2560000 USD
CY2016Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
6983000 USD
CY2017Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
10218000 USD
CY2017Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
9572000 USD
CY2017Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
10468000 USD
CY2018Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
5905000 USD
CY2018Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
16628000 USD
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
42573000 USD
CY2016 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
5544000 USD
CY2016Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-1259000 USD
CY2016Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1779000 USD
CY2017Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3170000 USD
CY2017Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2503000 USD
CY2017Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-8381000 USD
CY2017Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1335000 USD
CY2018Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2209000 USD
CY2018Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
6527000 USD
CY2018 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1690000 USD
CY2016 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
7975000 USD
CY2017 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
2834000 USD
CY2018 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
17004000 USD
CY2016 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
18871000 USD
CY2017 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
3520000 USD
CY2018 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-5267000 USD
CY2016 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
25396000 USD
CY2017 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
14054000 USD
CY2018 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
22751000 USD
CY2016 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
253000 USD
CY2017 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
9622000 USD
CY2018 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-11187000 USD
CY2016 us-gaap Increase Decrease In Deferred Revenue And Customer Advances And Deposits
IncreaseDecreaseInDeferredRevenueAndCustomerAdvancesAndDeposits
-194000 USD
CY2017 us-gaap Increase Decrease In Deferred Revenue And Customer Advances And Deposits
IncreaseDecreaseInDeferredRevenueAndCustomerAdvancesAndDeposits
-1621000 USD
CY2018 us-gaap Increase Decrease In Deferred Revenue And Customer Advances And Deposits
IncreaseDecreaseInDeferredRevenueAndCustomerAdvancesAndDeposits
6035000 USD
CY2016 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
865000 USD
CY2017 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
9318000 USD
CY2018 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
16230000 USD
CY2016 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
778000 USD
CY2017 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
-372000 USD
CY2018 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
-296000 USD
CY2016 us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
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CY2017 us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
4089000 USD
CY2018 us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
-2000000 USD
CY2016 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
-2964000 USD
CY2017 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
1270000 USD
CY2018 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
361000 USD
CY2016 us-gaap Increase Decrease In Prepaid Taxes
IncreaseDecreaseInPrepaidTaxes
-346000 USD
CY2017 us-gaap Increase Decrease In Prepaid Taxes
IncreaseDecreaseInPrepaidTaxes
-1978000 USD
CY2018 us-gaap Increase Decrease In Prepaid Taxes
IncreaseDecreaseInPrepaidTaxes
2327000 USD
CY2017Q2 us-gaap Intangible Assets Net Excluding Goodwill
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129037000 USD
CY2018Q2 us-gaap Intangible Assets Net Excluding Goodwill
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177904000 USD
CY2016 us-gaap Interest Expense
InterestExpense
1172000 USD
CY2017 us-gaap Interest Expense
InterestExpense
7568000 USD
CY2018 us-gaap Interest Expense
InterestExpense
2850000 USD
CY2016 us-gaap Interest Paid
InterestPaid
1041000 USD
CY2017 us-gaap Interest Paid
InterestPaid
5758000 USD
CY2018 us-gaap Interest Paid
InterestPaid
1607000 USD
CY2017Q2 us-gaap Inventory Finished Goods Net Of Reserves
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9859000 USD
CY2018Q2 us-gaap Inventory Finished Goods Net Of Reserves
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15996000 USD
CY2017Q2 us-gaap Inventory For Long Term Contracts Or Programs
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0 USD
CY2017Q2 us-gaap Inventory Net
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81071000 USD
CY2018Q2 us-gaap Inventory Net
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108585000 USD
CY2017Q2 us-gaap Inventory Raw Materials Net Of Reserves
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48645000 USD
CY2018Q2 us-gaap Inventory Raw Materials Net Of Reserves
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61748000 USD
CY2017Q2 us-gaap Inventory Work In Process Net Of Reserves
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22567000 USD
CY2018Q2 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
30841000 USD
CY2016 us-gaap Investment Income Interest
InvestmentIncomeInterest
131000 USD
CY2017 us-gaap Investment Income Interest
InvestmentIncomeInterest
462000 USD
CY2018 us-gaap Investment Income Interest
InvestmentIncomeInterest
32000 USD
CY2018Q2 us-gaap Letters Of Credit Outstanding Amount
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2771000 USD
CY2017Q2 us-gaap Liabilities
Liabilities
90328000 USD
CY2018Q2 us-gaap Liabilities
Liabilities
292589000 USD
CY2017Q2 us-gaap Liabilities And Stockholders Equity
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815745000 USD
CY2018Q2 us-gaap Liabilities And Stockholders Equity
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1064480000 USD
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72845000 USD
CY2018Q2 us-gaap Liabilities Current
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71680000 USD
CY2016 us-gaap Net Cash Provided By Used In Financing Activities
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284894000 USD
CY2017 us-gaap Net Cash Provided By Used In Financing Activities
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11338000 USD
CY2018 us-gaap Net Cash Provided By Used In Financing Activities
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182937000 USD
CY2016 us-gaap Net Cash Provided By Used In Investing Activities
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-318208000 USD
CY2017 us-gaap Net Cash Provided By Used In Investing Activities
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-111087000 USD
CY2018 us-gaap Net Cash Provided By Used In Investing Activities
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-200877000 USD
CY2016 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
36940000 USD
CY2017 us-gaap Net Cash Provided By Used In Operating Activities
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59146000 USD
CY2018 us-gaap Net Cash Provided By Used In Operating Activities
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43321000 USD
CY2016 us-gaap Net Income Loss
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19742000 USD
CY2016Q3 us-gaap Net Income Loss
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3819000 USD
CY2018 us-gaap Operating Expenses
OperatingExpenses
178873000 USD
CY2016 us-gaap Operating Income Loss
OperatingIncomeLoss
23973000 USD
CY2016Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
3742000 USD
CY2016Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
8958000 USD
CY2017Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
11695000 USD
CY2017Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
13008000 USD
CY2017 us-gaap Operating Income Loss
OperatingIncomeLoss
37403000 USD
CY2017Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
10371000 USD
CY2017Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
10888000 USD
CY2018Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
6838000 USD
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NetIncomeLoss
5204000 USD
CY2017Q1 us-gaap Net Income Loss
NetIncomeLoss
7048000 USD
CY2017Q2 us-gaap Net Income Loss
NetIncomeLoss
8804000 USD
CY2017 us-gaap Net Income Loss
NetIncomeLoss
24875000 USD
CY2017Q3 us-gaap Net Income Loss
NetIncomeLoss
17953000 USD
CY2017Q4 us-gaap Net Income Loss
NetIncomeLoss
9133000 USD
CY2018Q1 us-gaap Net Income Loss
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3696000 USD
CY2018Q2 us-gaap Net Income Loss
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10101000 USD
CY2018 us-gaap Net Income Loss
NetIncomeLoss
40883000 USD
CY2016Q2 us-gaap Noncurrent Assets
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28337000 USD
CY2017Q2 us-gaap Noncurrent Assets
NoncurrentAssets
51643000 USD
CY2018Q2 us-gaap Noncurrent Assets
NoncurrentAssets
50980000 USD
CY2018 us-gaap Number Of Operating Segments
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1 segment
CY2017 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
CY2018 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
CY2016 us-gaap Operating Expenses
OperatingExpenses
103646000 USD
CY2017 us-gaap Operating Expenses
OperatingExpenses
154140000 USD
CY2018Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
18888000 USD
CY2018 us-gaap Operating Income Loss
OperatingIncomeLoss
46985000 USD
CY2018Q2 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
62612000 USD
CY2018Q2 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
8790000 USD
CY2018Q2 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
6772000 USD
CY2018Q2 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
7424000 USD
CY2018Q2 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
7745000 USD
CY2018Q2 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
9017000 USD
CY2018Q2 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
22864000 USD
CY2016 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
4015000 USD
CY2017 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
7774000 USD
CY2018 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
6534000 USD
CY2017Q2 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
0 USD
CY2018Q2 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
1634000 USD
CY2017Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
8023000 USD
CY2018Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
6411000 USD
CY2016 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
171000 USD
CY2017 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-93000 USD
CY2018 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-137000 USD
CY2016 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
171000 USD
CY2017 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
127000 USD
CY2018 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
217000 USD
CY2016 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
0 USD
CY2017 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-220000 USD
CY2018 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-354000 USD
CY2017Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
11772000 USD
CY2018Q2 us-gaap Other Liabilities Noncurrent
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11276000 USD
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OtherNoncashIncomeExpense
722000 USD
CY2017 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
626000 USD
CY2018 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-2103000 USD
CY2016 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
2354000 USD
CY2017 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
771000 USD
CY2018 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-1594000 USD
CY2017 us-gaap Other Restructuring Costs
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1042000 USD
CY2016 us-gaap Paid In Kind Interest
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301000 USD
CY2017 us-gaap Paid In Kind Interest
PaidInKindInterest
1810000 USD
CY2018 us-gaap Paid In Kind Interest
PaidInKindInterest
0 USD
CY2016 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
567000 USD
CY2017 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
486000 USD
CY2018 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
375000 USD
CY2016 us-gaap Payments For Repurchase Of Common Stock
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7955000 USD
CY2017 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
8766000 USD
CY2018 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
15508000 USD
CY2017 us-gaap Payments For Restructuring
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1513000 USD
CY2018 us-gaap Payments For Restructuring
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2723000 USD
CY2016 us-gaap Payments Of Debt Issuance Costs
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2926000 USD
CY2017 us-gaap Payments Of Debt Issuance Costs
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591000 USD
CY2018 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
0 USD
CY2016 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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309756000 USD
CY2017 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
77757000 USD
CY2018 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
185396000 USD
CY2016 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
7885000 USD
CY2017 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
32844000 USD
CY2018 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
15106000 USD
CY2017Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2018Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2017Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1000000 shares
CY2018Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1000000 shares
CY2017Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2018Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2017Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2018Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2017Q2 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2018Q2 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2017Q2 us-gaap Prepaid Expense And Other Assets Current
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8381000 USD
CY2017Q2 us-gaap Property Plant And Equipment Net
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51643000 USD
CY2018Q2 us-gaap Property Plant And Equipment Net
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50980000 USD
CY2018Q2 us-gaap Prepaid Expense And Other Assets Current
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9062000 USD
CY2017Q2 us-gaap Prepaid Taxes
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1434000 USD
CY2018Q2 us-gaap Prepaid Taxes
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3761000 USD
CY2016 us-gaap Proceeds From Issuance Of Common Stock
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92778000 USD
CY2017 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
215725000 USD
CY2018 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 USD
CY2016 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
194900000 USD
CY2017 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
0 USD
CY2018 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
210000000 USD
CY2016 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
8097000 USD
CY2017 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
4970000 USD
CY2018 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
3445000 USD
CY2015Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
1974000 USD
CY2016Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
1523000 USD
CY2017Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
1691000 USD
CY2018Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
1336000 USD
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ProductWarrantyAccrualPayments
2541000 USD
CY2017 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
1366000 USD
CY2018 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
1790000 USD
CY2016 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
1976000 USD
CY2017 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
1328000 USD
CY2018 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
1318000 USD
CY2017Q2 us-gaap Property Plant And Equipment Gross
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130469000 USD
CY2018Q2 us-gaap Property Plant And Equipment Gross
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145697000 USD
CY2018 us-gaap Property Plant And Equipment Gross Period Increase Decrease
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663000 USD
CY2018 us-gaap Property Plant And Equipment Useful Life
PropertyPlantAndEquipmentUsefulLife
P3Y
CY2016 us-gaap Repayments Of Debt
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0 USD
CY2017 us-gaap Repayments Of Debt
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200000000 USD
CY2018 us-gaap Repayments Of Debt
RepaymentsOfDebt
15000000 USD
CY2016 us-gaap Research And Development Expense
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36388000 USD
CY2017 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
54086000 USD
CY2018 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
58807000 USD
CY2016Q2 us-gaap Restricted Cash And Cash Equivalents Noncurrent
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0 USD
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38 position
CY2017 us-gaap Restructuring Charges
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1959000 USD
CY2018 us-gaap Restructuring Charges
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3411000 USD
CY2017 us-gaap Restructuring Reserve Accrual Adjustment1
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CY2018 us-gaap Restructuring Reserve Accrual Adjustment1
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-252000 USD
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926000 USD
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1365000 USD
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1801000 USD
CY2017Q2 us-gaap Retained Earnings Accumulated Deficit
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139085000 USD
CY2018Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
179968000 USD
CY2016 us-gaap Revenues
Revenues
270154000 USD
CY2016Q3 us-gaap Revenues
Revenues
87649000 USD
CY2016Q4 us-gaap Revenues
Revenues
98014000 USD
CY2017Q1 us-gaap Revenues
Revenues
107317000 USD
CY2017Q2 us-gaap Revenues
Revenues
115608000 USD
CY2017 us-gaap Revenues
Revenues
408588000 USD
CY2017Q3 us-gaap Revenues
Revenues
106069000 USD
CY2017Q4 us-gaap Revenues
Revenues
117912000 USD
CY2018Q1 us-gaap Revenues
Revenues
116336000 USD
CY2018Q2 us-gaap Revenues
Revenues
152867000 USD
CY2018 us-gaap Revenues
Revenues
493184000 USD
CY2017Q1 us-gaap Sale Of Stock Consideration Received On Transaction
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215725000 USD
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6900000 shares
CY2017Q3 us-gaap Sale Of Stock Number Of Shares Issued In Transaction
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200000.0 shares
CY2017Q1 us-gaap Sale Of Stock Price Per Share
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33.00
CY2017Q2 us-gaap Secured Long Term Debt
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0 USD
CY2018Q2 us-gaap Secured Long Term Debt
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195000000 USD
CY2016 us-gaap Selling General And Administrative Expense
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52952000 USD
CY2017 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
76491000 USD
CY2018 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
88365000 USD
CY2016 us-gaap Share Based Compensation
ShareBasedCompensation
9574000 USD
CY2017 us-gaap Share Based Compensation
ShareBasedCompensation
15341000 USD
CY2018 us-gaap Share Based Compensation
ShareBasedCompensation
17314000 USD
CY2016 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
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1415000 USD
CY2017 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
1966000 USD
CY2018 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
1833000 USD
CY2016 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
1218000 USD
CY2017 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
2214000 USD
CY2018 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
2782000 USD
CY2016 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
92778000 USD
CY2017 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
215725000 USD
CY2016 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
6879000 USD
CY2017 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
2756000 USD
CY2018 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
663000 USD
CY2016 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
7955000 USD
CY2017 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
8766000 USD
CY2018 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
15508000 USD
CY2015Q2 us-gaap Stockholders Equity
StockholdersEquity
350138000 USD
CY2016Q2 us-gaap Stockholders Equity
StockholdersEquity
473044000 USD
CY2017Q2 us-gaap Stockholders Equity
StockholdersEquity
725417000 USD
CY2018Q2 us-gaap Stockholders Equity
StockholdersEquity
771891000 USD
CY2016Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
1566000 USD
CY2017Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
804000 USD
CY2018Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
998000 USD
CY2017 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
126000 USD
CY2018 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
40000 USD
CY2017 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
793000 USD
CY2018 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
0 USD
CY2018 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
315000 USD
CY2017 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
46000 USD
CY2017Q2 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
54000 USD
CY2018Q2 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
84000 USD
CY2016 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
204000 USD
CY2017 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
30000 USD
CY2018 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
42000 USD
CY2017 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
384000 USD
CY2018 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
0 USD
CY2017 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
273000 USD
CY2018 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
81000 USD
CY2018Q2 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
998000 USD
CY2016 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
856000 shares
CY2017 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1032000 shares
CY2018 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
752000 shares
CY2016 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
35097000 shares
CY2017 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
43018000 shares
CY2018 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
47471000 shares
CY2016 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
34241000 shares
CY2017 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
41986000 shares
CY2018 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
46719000 shares
CY2018 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<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;font-weight:bold;">C</font><font style="font-family:inherit;font-size:8pt;font-weight:bold;">ONCENTRATION</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;"> </font><font style="font-family:inherit;font-size:8pt;font-weight:bold;">OF</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;"> C</font><font style="font-family:inherit;font-size:8pt;font-weight:bold;">REDIT</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;"> R</font><font style="font-family:inherit;font-size:8pt;font-weight:bold;">ISK</font></div><div style="line-height:120%;padding-top:6px;text-align:justify;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Financial instruments that potentially expose the Company to concentrations of credit risk consist principally of cash, cash equivalents and accounts receivable. The Company places its cash and cash equivalents with financial institutions of high credit quality. At </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2018</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2017</font><font style="font-family:inherit;font-size:10pt;">, the Company had </font><font style="font-family:inherit;font-size:10pt;">$66,521</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$41,637</font><font style="font-family:inherit;font-size:10pt;">, respectively, of cash and cash equivalents on deposit or invested with its financial and lending institutions.</font></div><div style="line-height:120%;padding-top:6px;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company provides credit to customers in the normal course of business. The Company performs ongoing credit evaluations of its customers&#8217; financial condition and limits the amount of credit extended when deemed necessary. At </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2018</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;">five</font><font style="font-family:inherit;font-size:10pt;"> customers accounted for </font><font style="font-family:inherit;font-size:10pt;">54%</font><font style="font-family:inherit;font-size:10pt;"> of the Company's accounts receivable, unbilled receivables and costs in excess of billings. At </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2017</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;">five</font><font style="font-family:inherit;font-size:10pt;"> customers accounted for </font><font style="font-family:inherit;font-size:10pt;">53%</font><font style="font-family:inherit;font-size:10pt;"> of the Company&#8217;s accounts receivable, unbilled receivables and costs in excess of billings. </font></div></div>
CY2018 us-gaap Nature Of Operations
NatureOfOperations
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-left:0px;padding-top:12px;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Description of Business</font></div><div style="line-height:120%;padding-top:6px;text-align:justify;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;) is a leading commercial provider of secure sensor and safety critical mission processing subsystems. Optimized for customer and mission success, its solutions power a wide variety of critical defense and intelligence programs. Headquartered in Andover, 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 primarily to 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 (&#8220;SEWIP&#8221;), Gorgon Stare, Predator, F-35, Reaper, F-16 SABR, E2D Hawkeye, Paveway, Filthy Buzzard, PGK, ProVision, P1, and AIDEWS. The Company's organizational structure allows it to deliver capabilities that combine technology building blocks and deep domain expertise in the aerospace and defense sector.</font></div><div style="line-height:120%;padding-top:6px;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On February 1, 2018, the Company acquired Themis Computer ("Themis") on a cash-free, debt-free basis for a total purchase price of approximately </font><font style="font-family:inherit;font-size:10pt;">$180,000</font><font style="font-family:inherit;font-size:10pt;">, prior to net working capital and net debt adjustments. Based in Fremont, California, Themis is a leading designer, manufacturer and integrator of commercial, SWaP-optimized rugged servers, computers and storage systems for U.S. and international defense programs. The acquisition of Themis is consistent with the Company's strategy and will expand its position in the Command, Control, Communications, Computers, and Intelligence ("C4I") market. See Note C to consolidated financial statements. </font></div><div style="line-height:120%;padding-top:6px;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On July 3, 2017, the Company acquired Richland Technologies, LLC ("RTL") on a cash-free, debt-free basis for a total purchase price of </font><font style="font-family:inherit;font-size:10pt;">$5,798</font><font style="font-family:inherit;font-size:10pt;">. Based in Duluth, Georgia, RTL specializes in safety-critical and high integrity systems, software, and hardware development as well as safety-certification services for mission-critical applications. In addition, RTL is a leader in safety-certifiable embedded graphics software for commercial and military aerospace applications. See Note C to consolidated financial statements. </font></div><div style="line-height:120%;padding-top:6px;text-align:justify;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On April 3, 2017, the Company acquired Delta Microwave, LLC (&#8220;Delta&#8221;) on a cash-free, debt-free basis for a total purchase price of </font><font style="font-family:inherit;font-size:10pt;">$40,500</font><font style="font-family:inherit;font-size:10pt;">. Based in Oxnard, California, Delta is a leading designer and manufacturer of high-value radio frequency ("RF"), microwave and millimeter wave sub-assemblies and components for the military, aerospace, and space markets.</font><font style="font-family:inherit;font-size:10pt;font-style:italic;"> </font><font style="font-family:inherit;font-size:10pt;">See Note C to consolidated financial statements. </font></div><div style="line-height:120%;padding-top:6px;text-align:justify;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On November 4, 2016, the Company acquired CES Creative Electronic Systems, S.A. (&#8220;CES&#8221;) for a total purchase price of approximately </font><font style="font-family:inherit;font-size:10pt;">$39,123</font><font style="font-family:inherit;font-size:10pt;">, prior to net working capital and net debt adjustments. Based in Geneva, Switzerland, CES is a leading provider of embedded solutions for military and aerospace mission critical computing applications. CES specializes in the design, development and manufacture of safety-certifiable product and subsystems solutions including: primary flight control units, flight test computers, mission computers, command and control processors, graphics and video processing and avionics-certified Ethernet and input-output ("IO"). CES has decades of experience designing subsystems deployed in applications certified up to the highest levels of design assurance. CES products and solutions are used on platforms such as aerial refueling tankers and multi-mission aircraft, as well as several types of unmanned platforms. See Note C to consolidated financial statements. </font></div><div style="line-height:120%;padding-top:6px;text-align:justify;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On May 2, 2016, the Company acquired the custom microelectronics, RF and microwave solutions, and embedded security operations of Microsemi Corporation (the &#8220;Carve-Out Business&#8221;), resulting in the entities comprising the Carve-Out Business becoming 100% owned direct or indirect subsidiaries of Mercury (the &#8220;Carve-Out Acquisition&#8221;). Under the terms of the Purchase Agreement, the Company paid </font><font style="font-family:inherit;font-size:10pt;">$300,000</font><font style="font-family:inherit;font-size:10pt;"> in cash on a cash-free, debt-free basis, prior to working capital and other post-closing adjustments.</font></div></div>
CY2018 us-gaap Revenue Recognition Deferred Revenue
RevenueRecognitionDeferredRevenue
<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;font-weight:bold;">D</font><font style="font-family:inherit;font-size:8pt;font-weight:bold;">EFERRED</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;"> R</font><font style="font-family:inherit;font-size:8pt;font-weight:bold;">EVENUES</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;"> </font><font style="font-family:inherit;font-size:8pt;font-weight:bold;">AND</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;"> C</font><font style="font-family:inherit;font-size:8pt;font-weight:bold;">USTOMER</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;"> A</font><font style="font-family:inherit;font-size:8pt;font-weight:bold;">DVANCES</font></div><div style="line-height:120%;padding-top:6px;text-align:justify;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Deferred revenues consist of deferred product revenue, billings in excess of revenues, deferred service revenue, and customer advances. Deferred product revenue represents amounts that have been invoiced to customers, but are not yet recognizable as revenue because one or more of the conditions for revenue recognition have not been met. Billings in excess of revenues represents milestone billing arrangements on percentage of completion projects where the billings of the contract exceed recognized revenues. Deferred service revenue primarily represents amounts invoiced to customers for annual maintenance contracts or extended warranty concessions, which are recognized ratably over the term of the arrangements. Customer advances represent deposits received from customers on an order.</font></div></div>
CY2018 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;font-weight:bold;">U</font><font style="font-family:inherit;font-size:8pt;font-weight:bold;">SE</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;"> </font><font style="font-family:inherit;font-size:8pt;font-weight:bold;">OF</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;"> E</font><font style="font-family:inherit;font-size:8pt;font-weight:bold;">STIMATES</font></div><div style="line-height:120%;padding-top:6px;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 Generally Accepted Accounting Principles ("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>

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