2017 Q2 Form 10-Q Financial Statement

#000128846917000037 Filed on August 08, 2017

View on sec.gov

Income Statement

Concept 2017 Q2 2016 Q2 2015 Q4
Revenue $104.2M $101.7M $98.95M
YoY Change 2.45% 43.58% 204.66%
Cost Of Revenue $53.07M $38.77M $43.20M
YoY Change 36.87% -11.64% 240.16%
Gross Profit $51.10M $62.91M $55.76M
YoY Change -18.77% 133.51% 182.33%
Gross Profit Margin 49.06% 61.87% 56.35%
Selling, General & Admin $31.34M $16.51M $18.00M
YoY Change 89.87% -30.12% 87.5%
% of Gross Profit 61.32% 26.23% 32.28%
Research & Development $29.02M $24.04M $22.60M
YoY Change 20.71% 0.18% 53.74%
% of Gross Profit 56.78% 38.21% 40.53%
Depreciation & Amortization $3.600M $1.600M $9.400M
YoY Change 125.0% -86.99% 487.5%
% of Gross Profit 7.04% 2.54% 16.86%
Operating Expenses $66.90M $40.54M $40.60M
YoY Change 65.01% -31.29% 67.08%
Operating Profit -$15.80M $22.37M $15.16M
YoY Change -170.6% -169.78% -433.19%
Interest Expense $2.201M $0.00 $100.0K
YoY Change -100.0%
% of Operating Profit 0.0% 0.66%
Other Income/Expense, Net -$2.755M $291.0K $100.0K
YoY Change -1046.74% -1422.73%
Pretax Income -$18.55M $22.66M -$8.500M
YoY Change -181.86% -170.75% 88.89%
Income Tax -$29.52M $78.00K $100.0K
% Of Pretax Income 0.34%
Net Earnings $10.97M $22.58M -$8.544M
YoY Change -51.45% -173.69% 261.73%
Net Earnings / Revenue 10.53% 22.21% -8.63%
Basic Earnings Per Share $0.17 $0.36 -$0.14
Diluted Earnings Per Share $0.16 $0.33 -$0.14
COMMON SHARES
Basic Shares Outstanding 65.89M shares 63.47M shares
Diluted Shares Outstanding 69.65M shares 67.52M shares

Balance Sheet

Concept 2017 Q2 2016 Q2 2015 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $87.60M $176.5M $111.3M
YoY Change -50.37% 140.46% 61.07%
Cash & Equivalents $87.57M $147.6M $67.96M
Short-Term Investments $0.00 $28.90M $43.30M
Other Short-Term Assets $10.30M $5.000M $3.900M
YoY Change 106.0% -5.66% 62.5%
Inventory $77.56M $25.60M $32.44M
Prepaid Expenses
Receivables $82.70M $44.34M $42.40M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $258.2M $251.4M $190.0M
YoY Change 2.69% 58.07% 88.28%
LONG-TERM ASSETS
Property, Plant & Equipment $24.47M $21.13M $21.86M
YoY Change 15.78% -8.6% 75.69%
Goodwill $238.8M $56.71M $49.78M
YoY Change 321.13% 16.01% 4044.8%
Intangibles $353.5M $60.68M $51.36M
YoY Change 482.65% 394.46%
Long-Term Investments $0.00 $0.00 $19.20M
YoY Change -100.0% 86.41%
Other Assets $6.841M $1.982M $2.269M
YoY Change 245.16% -67.81% 342.3%
Total Long-Term Assets $679.5M $140.5M $144.5M
YoY Change 383.58% -22.05% 315.27%
TOTAL ASSETS
Total Short-Term Assets $258.2M $251.4M $190.0M
Total Long-Term Assets $679.5M $140.5M $144.5M
Total Assets $937.6M $391.9M $334.5M
YoY Change 139.24% 15.51% 146.48%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $21.36M $8.114M $6.389M
YoY Change 163.24% -60.96% -14.92%
Accrued Expenses $38.61M $13.13M $15.37M
YoY Change 194.13% -46.82% 177.0%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $2.000M
YoY Change
Total Short-Term Liabilities $110.2M $55.62M $55.83M
YoY Change 98.12% -25.08% 67.94%
LONG-TERM LIABILITIES
Long-Term Debt $415.0M $0.00 $0.00
YoY Change
Other Long-Term Liabilities $9.409M $5.064M $4.322M
YoY Change 85.8% -52.77% 264.42%
Total Long-Term Liabilities $424.4M $5.064M $4.322M
YoY Change 8281.54% -52.77% 264.42%
TOTAL LIABILITIES
Total Short-Term Liabilities $110.2M $55.62M $55.83M
Total Long-Term Liabilities $424.4M $5.064M $4.322M
Total Liabilities $539.7M $60.68M $71.58M
YoY Change 789.39% -28.57% 107.89%
SHAREHOLDERS EQUITY
Retained Earnings -$40.50M -$77.96M -$121.2M
YoY Change -48.04% -31.77% 53.86%
Common Stock $439.0M $400.1M $385.0M
YoY Change 9.74% 8.57% 116.38%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $397.9M $321.2M $262.9M
YoY Change
Total Liabilities & Shareholders Equity $937.6M $391.9M $334.5M
YoY Change 139.24% 15.51% 146.48%

Cashflow Statement

Concept 2017 Q2 2016 Q2 2015 Q4
OPERATING ACTIVITIES
Net Income $10.97M $22.58M -$8.544M
YoY Change -51.45% -173.69% 261.73%
Depreciation, Depletion And Amortization $3.600M $1.600M $9.400M
YoY Change 125.0% -86.99% 487.5%
Cash From Operating Activities -$7.100M $32.30M $24.50M
YoY Change -121.98% 602.17% -522.41%
INVESTING ACTIVITIES
Capital Expenditures -$479.6M -$22.90M -$1.500M
YoY Change 1994.32% 458.54% 50.0%
Acquisitions
YoY Change
Other Investing Activities $63.80M $61.20M -$16.10M
YoY Change 4.25% 84.89% 98.77%
Cash From Investing Activities -$415.9M $38.30M -$17.70M
YoY Change -1185.9% 31.62% 92.39%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 421.0M 100.0K 3.000M
YoY Change 420900.0% -50.0% 87.5%
NET CHANGE
Cash From Operating Activities -7.100M 32.30M 24.50M
Cash From Investing Activities -415.9M 38.30M -17.70M
Cash From Financing Activities 421.0M 100.0K 3.000M
Net Change In Cash -2.000M 70.70M 9.800M
YoY Change -102.83% 108.55% -173.13%
FREE CASH FLOW
Cash From Operating Activities -$7.100M $32.30M $24.50M
Capital Expenditures -$479.6M -$22.90M -$1.500M
Free Cash Flow $472.5M $55.20M $26.00M
YoY Change 755.98% 534.48% -641.67%

Facts In Submission

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CY2017Q2 us-gaap Fair Value Assets Level1 To Level2 Transfers Amount
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0 USD
CY2017Q2 us-gaap Fair Value Assets Level2 To Level1 Transfers Amount
FairValueAssetsLevel2ToLevel1TransfersAmount
0 USD
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Net
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0 USD
CY2016Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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48450000 USD
CY2017Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
67812000 USD
CY2017Q2 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
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60439000 USD
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FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
34966000 USD
CY2017Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
51000000 USD
CY2017Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
51780000 USD
CY2017Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
52644000 USD
CY2017Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
63495000 USD
CY2016Q4 us-gaap Finite Lived Intangible Assets Gross
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130311000 USD
CY2017Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
382136000 USD
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81861000 USD
CY2017Q2 us-gaap Finite Lived Intangible Assets Net
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314324000 USD
us-gaap Foreign Currency Transaction Gain Loss Before Tax
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46000 USD
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-682000 USD
us-gaap Gain Loss On Sale Of Investments
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50000 USD
us-gaap Gain Loss On Sale Of Investments
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-38000 USD
us-gaap Gain Loss On Sale Of Property Plant Equipment
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-48000 USD
us-gaap Gain Loss On Sale Of Property Plant Equipment
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85000 USD
CY2016Q4 us-gaap Goodwill
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76015000 USD
CY2017Q2 us-gaap Goodwill
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238838000 USD
us-gaap Income Tax Expense Benefit
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1071000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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-8066000 USD
CY2016Q2 us-gaap Income Tax Expense Benefit
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78000 USD
us-gaap Goodwill Acquired During Period
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163165000 USD
us-gaap Goodwill Impairment Loss
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0 USD
CY2016Q2 us-gaap Gross Profit
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62913000 USD
us-gaap Gross Profit
GrossProfit
124083000 USD
CY2017Q2 us-gaap Gross Profit
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51104000 USD
us-gaap Gross Profit
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104028000 USD
us-gaap Impairment Of Intangible Assets Finitelived
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0 USD
us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
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0 USD
CY2016Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
22662000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
44336000 USD
CY2017Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-18550000 USD
CY2017Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-29515000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-27494000 USD
us-gaap Income Taxes Paid
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1263000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
4452000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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4967000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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15562000 USD
us-gaap Increase Decrease In Accounts Receivable
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1941000 USD
us-gaap Increase Decrease In Accounts Receivable
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20932000 USD
us-gaap Increase Decrease In Employee Related Liabilities
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3540000 USD
us-gaap Increase Decrease In Employee Related Liabilities
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-1282000 USD
us-gaap Increase Decrease In Inventories
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-7418000 USD
us-gaap Increase Decrease In Inventories
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7391000 USD
us-gaap Increase Decrease In Other Noncurrent Liabilities
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-767000 USD
us-gaap Increase Decrease In Other Noncurrent Liabilities
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-4088000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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805000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-5210000 USD
CY2016Q4 us-gaap Intangible Assets Net Excluding Goodwill
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104261000 USD
CY2017Q2 us-gaap Intangible Assets Net Excluding Goodwill
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353524000 USD
CY2016Q2 us-gaap Interest Expense
InterestExpense
0 USD
us-gaap Interest Expense
InterestExpense
0 USD
CY2017Q2 us-gaap Interest Expense
InterestExpense
2201000 USD
us-gaap Interest Expense
InterestExpense
2201000 USD
us-gaap Interest Paid
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0 USD
us-gaap Interest Paid
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1277000 USD
CY2016Q4 us-gaap Inventory Finished Goods
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12636000 USD
CY2017Q2 us-gaap Inventory Finished Goods
InventoryFinishedGoods
42031000 USD
CY2016Q4 us-gaap Inventory Net
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26583000 USD
CY2017Q2 us-gaap Inventory Net
InventoryNet
77559000 USD
CY2016Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
13947000 USD
CY2017Q2 us-gaap Inventory Work In Process
InventoryWorkInProcess
35528000 USD
CY2016Q2 us-gaap Investment Income Interest
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167000 USD
us-gaap Investment Income Interest
InvestmentIncomeInterest
337000 USD
CY2016Q4 us-gaap Liabilities
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70228000 USD
CY2017Q2 us-gaap Investment Income Interest
InvestmentIncomeInterest
64000 USD
us-gaap Investment Income Interest
InvestmentIncomeInterest
259000 USD
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136805000 USD
CY2017Q2 us-gaap Investments And Cash
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90091000 USD
us-gaap Lease Expiration Date1
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2022-12-31
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539720000 USD
CY2016Q4 us-gaap Liabilities And Stockholders Equity
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422652000 USD
CY2017Q2 us-gaap Liabilities And Stockholders Equity
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937627000 USD
CY2016Q4 us-gaap Liabilities Current
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54543000 USD
CY2017Q2 us-gaap Liabilities Current
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110197000 USD
CY2017Q2 us-gaap Long Term Debt Fair Value
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405000000 USD
CY2017Q2 us-gaap Long Term Debt Fair Value
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398500000 USD
CY2017Q2 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
405875000 USD
CY2017Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
4250000 USD
CY2017Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
4250000 USD
us-gaap Net Cash Provided By Used In Operating Activities
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15582000 USD
CY2016Q2 us-gaap Net Income Loss
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22584000 USD
us-gaap Net Income Loss
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43265000 USD
CY2017Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
4250000 USD
CY2017Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
5313000 USD
CY2017Q2 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
1062000 USD
CY2016Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
0 USD
CY2017Q2 us-gaap Long Term Debt Noncurrent
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415032000 USD
us-gaap Net Cash Provided By Used In Financing Activities
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689000 USD
us-gaap Net Cash Provided By Used In Financing Activities
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416131000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
7634000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-426558000 USD
us-gaap Net Cash Provided By Used In Operating Activities
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71299000 USD
CY2017Q2 us-gaap Net Income Loss
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10965000 USD
us-gaap Net Income Loss
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19428000 USD
CY2016Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
291000 USD
us-gaap Nonoperating Income Expense
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263000 USD
CY2017Q2 us-gaap Nonoperating Income Expense
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-2755000 USD
us-gaap Nonoperating Income Expense
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-2704000 USD
CY2016Q2 us-gaap Operating Expenses
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40542000 USD
us-gaap Operating Expenses
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80010000 USD
CY2017Q2 us-gaap Operating Expenses
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66899000 USD
us-gaap Operating Expenses
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109390000 USD
CY2016Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
22371000 USD
us-gaap Operating Income Loss
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44073000 USD
CY2017Q2 us-gaap Operating Income Loss
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-15795000 USD
us-gaap Operating Income Loss
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-5362000 USD
CY2017Q2 us-gaap Operating Leases Future Minimum Payments Due
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50568000 USD
CY2017Q2 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
9043000 USD
CY2017Q2 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
9335000 USD
CY2017Q2 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
9117000 USD
CY2017Q2 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
9143000 USD
CY2017Q2 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
5663000 USD
CY2017Q2 us-gaap Operating Leases Future Minimum Payments Remainder Of Fiscal Year
OperatingLeasesFutureMinimumPaymentsRemainderOfFiscalYear
8267000 USD
CY2016Q2 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
700000 USD
CY2017Q2 us-gaap Operating Leases Rent Expense Sublease Rentals1
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500000 USD
us-gaap Operating Leases Rent Expense Sublease Rentals1
OperatingLeasesRentExpenseSubleaseRentals1
1000000 USD
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3272000 USD
us-gaap Operating Leases Rent Expense Net
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1400000 USD
CY2017Q2 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
900000 USD
us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
1700000 USD
CY2016Q2 us-gaap Operating Leases Rent Expense Sublease Rentals1
OperatingLeasesRentExpenseSubleaseRentals1
400000 USD
us-gaap Operating Leases Rent Expense Sublease Rentals1
OperatingLeasesRentExpenseSubleaseRentals1
500000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
924000 USD
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6088000 USD
CY2016Q4 us-gaap Other Assets Noncurrent
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1677000 USD
CY2017Q2 us-gaap Other Assets Noncurrent
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6841000 USD
CY2017Q2 us-gaap Other Commitment
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23655000 USD
CY2017Q2 us-gaap Other Commitment Due After Fifth Year
OtherCommitmentDueAfterFifthYear
0 USD
CY2017Q2 us-gaap Other Commitment Due In Fifth Year
OtherCommitmentDueInFifthYear
30000 USD
CY2017Q2 us-gaap Other Commitment Due In Fourth Year
OtherCommitmentDueInFourthYear
3780000 USD
CY2017Q2 us-gaap Other Commitment Due In Next Twelve Months
OtherCommitmentDueInNextTwelveMonths
4791000 USD
CY2017Q2 us-gaap Other Commitment Due In Second Year
OtherCommitmentDueInSecondYear
7526000 USD
CY2017Q2 us-gaap Other Commitment Due In Third Year
OtherCommitmentDueInThirdYear
7528000 USD
CY2016Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
-363000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
-255000 USD
CY2017Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
554000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
924000 USD
CY2016Q2 us-gaap Other Comprehensive Income Loss Available For Sale Securities Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax
2000 USD
us-gaap Other Comprehensive Income Loss Available For Sale Securities Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax
-124000 USD
CY2017Q2 us-gaap Other Comprehensive Income Loss Available For Sale Securities Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax
-17000 USD
us-gaap Other Comprehensive Income Loss Available For Sale Securities Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax
0 USD
CY2016Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-363000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-255000 USD
CY2017Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
554000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
924000 USD
CY2016Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
0 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
0 USD
CY2017Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
55000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
55000 USD
CY2016Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
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us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-131000 USD
CY2017Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
571000 USD
CY2016Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
50000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
50000 USD
CY2017Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
-55000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
-55000 USD
CY2016Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
48000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
174000 USD
CY2017Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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-38000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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-55000 USD
CY2016Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
0 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
0 USD
CY2017Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
0 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
0 USD
CY2016Q4 us-gaap Other Liabilities Noncurrent
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6029000 USD
CY2017Q2 us-gaap Other Liabilities Noncurrent
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9409000 USD
CY2016Q2 us-gaap Other Nonoperating Income Expense
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124000 USD
us-gaap Other Nonoperating Income Expense
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us-gaap Payments To Acquire Property Plant And Equipment
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4710000 USD
CY2017Q2 us-gaap Prepaid Expense And Other Assets Current
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9732000 USD
us-gaap Payments To Acquire Property Plant And Equipment
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1898000 USD
CY2016Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
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0.0001
us-gaap Proceeds From Issuance Of Common Stock
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4285000 USD
us-gaap Proceeds From Issuance Of Common Stock
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8018000 USD
CY2017Q2 us-gaap Other Nonoperating Income Expense
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us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
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us-gaap Other Significant Noncash Transaction Value Of Consideration Given1
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3652000 USD
us-gaap Other Significant Noncash Transaction Value Of Consideration Given1
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3314000 USD
us-gaap Payments For Repurchase Of Common Stock
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3000 USD
us-gaap Payments For Repurchase Of Common Stock
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334000 USD
us-gaap Payments For Restructuring
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2141000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
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3593000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
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8399000 USD
us-gaap Payments To Acquire Available For Sale Securities
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47277000 USD
us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
30577000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
21000000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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473304000 USD
us-gaap Payments To Acquire Intangible Assets
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390000 USD
us-gaap Payments To Acquire Intangible Assets
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5325000 USD
CY2017Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2016Q4 us-gaap Preferred Stock Shares Authorized
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25000000 shares
CY2017Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
25000000 shares
CY2016Q4 us-gaap Preferred Stock Shares Issued
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0 shares
CY2017Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2016Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2017Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2016Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2017Q2 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2016Q4 us-gaap Prepaid Expense And Other Assets Current
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6159000 USD
us-gaap Proceeds From Issuance Of Secured Debt
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0 USD
us-gaap Proceeds From Issuance Of Secured Debt
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416846000 USD
us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
81011000 USD
us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
84546000 USD
CY2016Q2 us-gaap Proceeds From Stock Options Exercised
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2100000 USD
CY2017Q2 us-gaap Proceeds From Stock Options Exercised
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6000000 USD
CY2016Q4 us-gaap Property Plant And Equipment Gross
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53463000 USD
CY2017Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
62508000 USD
CY2016Q4 us-gaap Property Plant And Equipment Net
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20549000 USD
CY2017Q2 us-gaap Property Plant And Equipment Net
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24469000 USD
us-gaap Provision For Doubtful Accounts
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0 USD
us-gaap Provision For Doubtful Accounts
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87000 USD
CY2016Q2 us-gaap Research And Development Expense Excluding Acquired In Process Cost
ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost
24037000 USD
us-gaap Research And Development Expense Excluding Acquired In Process Cost
ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost
47789000 USD
CY2017Q2 us-gaap Research And Development Expense Excluding Acquired In Process Cost
ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost
29015000 USD
us-gaap Research And Development Expense Excluding Acquired In Process Cost
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52893000 USD
CY2016Q4 us-gaap Restricted Cash And Cash Equivalents Noncurrent
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1196000 USD
CY2017Q2 us-gaap Restricted Cash And Cash Equivalents Noncurrent
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1908000 USD
CY2016Q2 us-gaap Restructuring Charges
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0 USD
CY2016Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
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614000 USD
CY2017Q2 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
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615000 USD
us-gaap Restructuring Charges
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2106000 USD
CY2017Q2 us-gaap Restructuring Charges
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6546000 USD
us-gaap Restructuring Charges
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CY2017Q2 us-gaap Restructuring Reserve
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us-gaap Restructuring Reserve Accrual Adjustment1
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70000 USD
CY2016Q4 us-gaap Restructuring Reserve Current
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536000 USD
CY2017Q2 us-gaap Restructuring Reserve Current
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4896000 USD
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CY2017Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
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us-gaap Sales Revenue Net
SalesRevenueNet
204372000 USD
CY2017Q2 us-gaap Sales Revenue Net
SalesRevenueNet
104175000 USD
us-gaap Sales Revenue Net
SalesRevenueNet
193016000 USD
CY2016Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
16505000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
30115000 USD
CY2017Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
31338000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
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us-gaap Share Based Compensation
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us-gaap Share Based Compensation
ShareBasedCompensation
17102000 USD
CY2016Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
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3200000 USD
CY2017Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
14300000 USD
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P2Y3M1D
us-gaap Stock Issued During Period Shares Employee Stock Purchase Plans
StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans
117217 shares
CY2016Q4 us-gaap Stockholders Equity
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CY2017Q2 us-gaap Stockholders Equity
StockholdersEquity
397907000 USD
CY2016Q4 us-gaap Taxes Payable Current And Noncurrent
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235000 USD
CY2017Q2 us-gaap Taxes Payable Current And Noncurrent
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CY2017Q1 us-gaap Treasury Stock Shares Retired
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65445853 shares
CY2017Q2 us-gaap Unrecognized Tax Benefits Income Tax Penalties Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAccrued
300000 USD
us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
63300000 USD
CY2017Q2 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Accrued
UnrecognizedTaxBenefitsInterestOnIncomeTaxesAccrued
1200000 USD
us-gaap Unrecognized Tax Benefits Period Increase Decrease
UnrecognizedTaxBenefitsPeriodIncreaseDecrease
65300000 USD
CY2017Q2 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
50100000 USD
CY2016Q4 us-gaap Valuation Allowances And Reserves Balance
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61600000 USD
CY2017Q2 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
11500000 USD
CY2016Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
4050000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
4054000 shares
CY2017Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
3756000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
3834000 shares
CY2016Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
67520000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
67110000 shares
CY2017Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
69645000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
69398000 shares
CY2016Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
63470000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
63056000 shares
CY2017Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
65889000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
65564000 shares
us-gaap Description Of New Accounting Pronouncements Not Yet Adopted
DescriptionOfNewAccountingPronouncementsNotYetAdopted
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In May 2014, the Financial Accounting Standards Board, or FASB, issued Accounting Standards Update, or ASU No. 2014-09, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Revenue from Contracts with Customers (Topic 606)</font><font style="font-family:inherit;font-size:10pt;">, which provides for new accounting guidance related to revenue recognition. This new standard will replace all current U.S. GAAP guidance on this topic and eliminate all industry-specific guidance. The new revenue recognition standard provides a unified model to determine when and how revenue is recognized. The core principle is that a company should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration for which the entity expects to be entitled in exchange for those goods or services. This guidance will be effective for the Company beginning in the first quarter of fiscal year 2018 and can be applied either retrospectively to each period presented or as a cumulative-effect adjustment as of the date of adoption. Adoption of the amendments in this guidance is expected to accelerate the timing of the Company&#8217;s revenue recognition on products sold via distributors which will change from the sell-through method to the sell-in method. The Company is in the process of updating its preliminary assessment of the impact of adopting this new accounting standard on its consolidated financial position and results of operations following the acquisition of Exar Corporation (Note 3), which has a significant amount of sales through distributors. The adoption of this new accounting standard is not expected to have a material impact on the Company's revenues for the year ending December 31, 2018 and comparative periods expected to be presented, based on the current volume and amount of distributor transactions. The Company plans to apply the guidance prospectively with an adjustment to retained earnings for the cumulative effect of adoption.</font></div><div style="line-height:120%;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In January 2016, the FASB issued ASU No. 2016-01,&#160;</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Recognition and Measurement of Financial Assets and Financial Liabilities</font><font style="font-family:inherit;font-size:10pt;">. The amendments in this update include a requirement to measure equity investments (except equity method investments) at fair value with changes in fair value recognized in net income; previously changes in fair value were recognized in other comprehensive income. The amendments in this update are effective for the Company beginning in the first quarter of fiscal year 2018. The adoption of the amendments in this update are not expected to have a material impact on the Company's consolidated financial position and results of operations.</font></div><div style="line-height:120%;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In February 2016, the FASB issued ASU No. 2016-02, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Leases (Topic 842). </font><font style="font-family:inherit;font-size:10pt;">The amendments in this update require a lessee to recognize in the statement of financial position a liability to make lease payments (the lease liability) and a right-of-use asset representing its right to use the underlying asset for the lease term for all leases with terms greater than twelve months. For leases less than twelve months, an entity is permitted to make an accounting policy election by class of underlying asset not to recognize lease assets and lease liabilities. If a lessee makes this election, it should recognize lease expense for such leases generally on a straight-line basis over the lease term. The amendments in this update are effective for the Company for fiscal years beginning with fiscal year 2019, including interim periods within those years, with early adoption permitted. The Company is currently in the process of evaluating the impact of adoption of the amendments in this update on the Company&#8217;s consolidated financial position and results of operations; however, adoption of the amendments in this update is expected to have a material impact on the Company's consolidated financial position.</font></div><div style="line-height:120%;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In March 2016, the FASB issued ASU No. 2016-08, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Principal versus Agent Considerations (Reporting Revenue Gross versus Net</font><font style="font-family:inherit;font-size:10pt;">) to clarify the revenue recognition implementation guidance on principal versus agent considerations. The amendments in this update clarify that when another party is involved in providing goods or services to a customer, an entity that is the principal has obtained control of a good or service before it is transferred to a customer, and provides indicators to assist an entity in determining whether it controls a specified good or service prior to the transfer to the customer. An entity that is the principal recognizes revenue in the gross amount of consideration to which it expects to be entitled in exchange for the specified good or service transferred to the customer, whereas an agent recognizes revenue in the amount of any fee or commission to which it expects to be entitled in exchange for arranging for the specified good or service to be provided by the other party. The amendments in this update are effective for the Company beginning in the first quarter of fiscal year 2018, concurrent with the new revenue recognition standard. The adoption of the amendments in this update is not expected to have a material impact on the Company's consolidated financial position and results of operations.</font></div><div style="line-height:120%;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In August 2016, the FASB issued ASU No. 2016-15, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Classification of Certain Cash Receipts and Cash Payments</font><font style="font-family:inherit;font-size:10pt;"> to eliminate the diversity in practice regarding the presentation and classification of certain cash receipts and cash payments, including, among other things, contingent consideration payments made following a business combination and proceeds from the settlement of insurance claims in the statement of cash flows. Cash payments not made soon after the acquisition date up to the amount of the contingent consideration liability recognized at the acquisition date should be classified as financing activities, with any excess payments classified as operating activities, whereas cash payments made soon after the acquisition date to settle the contingent consideration should be classified as investing activities. Cash proceeds received from settlement of insurance claims should be classified on the basis of the nature of the related losses. The amendments in this update are effective for fiscal years beginning with fiscal year 2018, including interim periods within those years, with early adoption permitted. The adoption of this guidance is not expected have a material impact on the Company's consolidated statement of cash flows.</font></div><div style="line-height:120%;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In December 2016, the FASB issued ASU No. 2016-19, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Technical Corrections and Improvements</font><font style="font-family:inherit;font-size:10pt;">. The new standard is intended to provide clarity to the Accounting Standards Codification, or ASC, or correct unintended application of the guidance that is not expected to have a significant effect on current accounting practice or create a significant administrative cost to most entities. ASU No. 2016-19 is effective for annual and interim fiscal reporting periods beginning after December 15, 2017 with respect to the amendments that require transition guidance, and early adoption is permitted. All other amendments were effective on issuance. The Company is currently evaluating the expected impact of the amendments that require transition guidance, but does not expect these to have a material impact on its consolidated financial statements upon adoption.</font></div><div style="line-height:120%;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In January 2017, the FASB issued ASU No. 2017-04, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Intangibles&#8212;Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment</font><font style="font-family:inherit;font-size:10pt;">, to simplify the subsequent measurement of goodwill by eliminating Step 2 from the goodwill impairment test. An entity no longer will determine goodwill impairment by calculating the implied fair value of goodwill by assigning the fair value of a reporting unit to all of its assets and liabilities as if the reporting unit had been acquired in a business combination. Instead, under the amendments in this update, an entity should perform its annual, or interim, goodwill impairment test by comparing the fair value of a reporting unit with its carrying amount. The Board also eliminated the requirements for any reporting unit with a zero or negative carrying amount to perform a qualitative assessment and, if it fails that qualitative test, to perform Step 2 of the goodwill impairment test. The amendments in this update are effective for the Company beginning with fiscal year 2020, including interim periods, with early adoption permitted for interim or annual goodwill impairment tests performed on testing dates after January 1, 2017. The adoption of the amendments in this update is not expected to have a material impact on the Company's consolidated financial position and results of operations.</font></div><div style="line-height:120%;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In May 2017, the FASB issued ASU No. 2017-09, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Compensation&#8212;Stock Compensation (Topic 718): Scope of Modification Accounting</font><font style="font-family:inherit;font-size:10pt;"> to provide clarity and reduce both (1) diversity in practice and (2) cost and complexity when applying the guidance in Topic 718, Compensation&#8212;Stock Compensation, to a change to the terms or conditions of a share-based payment award. The amendments in this update require the Company to account for the effects of a modification in a stock-based award unless the fair value, vesting conditions and classification of the modified award is the same as those of the original award immediately before the original award is modified. If the modification does not affect any of the inputs to the valuation technique that the entity uses to value the award, the entity is not required to estimate the value immediately before and after the modification. The amendments in this update are effective for the Company for fiscal years beginning with fiscal year 2018, including interim periods within those years, with early adoption permitted in any interim period. The amendments in this update should be applied prospectively to an award modified on or after the adoption date. The adoption of this guidance is not expected have a material impact on the Company's consolidated financial position and results of operations.</font></div></div>
us-gaap Nature Of Operations
NatureOfOperations
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">MaxLinear, Inc. was incorporated in Delaware in September 2003. MaxLinear, Inc., together with its wholly owned subsidiaries, collectively referred to as MaxLinear, or the Company, is a provider of radio-frequency, mixed-signal and high-performance analog integrated circuits for the connected home, wired and wireless infrastructure, and industrial and multi-market applications. MaxLinear's customers include electronics distributors, module makers, original equipment manufacturers, or OEMs, and original design manufacturers, or ODMs, who incorporate the Company&#8217;s products in a wide range of electronic devices including cable, terrestrial, and satellite video set-top boxes and gateways, cable DOCSIS data and voice gateways, hybrid analog and digital televisions, smartphones, direct broadcast satellite outdoor units, optical modules for data center, metro, and long-haul transport network applications, RF transceivers and modem solutions for wireless carrier infrastructure applications, wireline connectivity devices for in-home networking applications and last-mile broadband access, and power management and interface products for enterprise networking, infrastructure, industrial, and multi-market applications. The Company is a fabless semiconductor company focusing its resources on the design, sale and marketing of its products.</font></div></div>
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-indent:36px;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 amounts reported in the unaudited consolidated financial statements and accompanying notes to unaudited consolidated financial statements. Actual results could differ from those estimates.</font></div></div>

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