2013 Q4 Form 10-Q Financial Statement

#000112290413000039 Filed on November 05, 2013

View on sec.gov

Income Statement

Concept 2013 Q4 2013 Q3 2012 Q3
Revenue $356.6M $361.9M $315.2M
YoY Change 14.88% 14.81% 8.23%
Cost Of Revenue $255.8M $260.2M $217.5M
YoY Change 16.75% 19.64% 8.29%
Gross Profit $100.8M $101.7M $97.69M
YoY Change 10.3% 4.06% 8.09%
Gross Profit Margin 28.26% 28.09% 30.99%
Selling, General & Admin $49.90M $51.40M $49.49M
YoY Change 6.17% 3.85% -0.19%
% of Gross Profit 49.51% 50.56% 50.66%
Research & Development $22.50M $23.32M $17.40M
YoY Change 52.03% 34.03% 53.3%
% of Gross Profit 22.32% 22.94% 17.81%
Depreciation & Amortization $9.200M $4.900M $3.200M
YoY Change 95.74% 53.13% 23.08%
% of Gross Profit 9.13% 4.82% 3.28%
Operating Expenses $72.50M $77.42M $67.16M
YoY Change 17.5% 15.28% 6.93%
Operating Profit $28.29M $24.24M $30.53M
YoY Change -4.68% -20.61% 10.73%
Interest Expense -$700.0K $0.00 $100.0K
YoY Change -450.0% -100.0% 0.0%
% of Operating Profit -2.47% 0.0% 0.33%
Other Income/Expense, Net $300.0K $511.0K $3.070M
YoY Change -250.0% -83.36% -1000.29%
Pretax Income $23.10M $24.82M $33.71M
YoY Change -18.66% -26.37% 23.31%
Income Tax $11.71M $10.36M $9.933M
% Of Pretax Income 50.7% 41.75% 29.47%
Net Earnings $11.43M $14.46M $21.52M
YoY Change -28.9% -32.83% 4.49%
Net Earnings / Revenue 3.21% 3.99% 6.83%
Basic Earnings Per Share $0.30 $0.37 $0.62
Diluted Earnings Per Share $0.30 $0.37 $0.61
COMMON SHARES
Basic Shares Outstanding 38.76M shares 38.70M shares 38.16M shares
Diluted Shares Outstanding 39.20M shares 38.80M shares

Balance Sheet

Concept 2013 Q4 2013 Q3 2012 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $248.2M $301.4M $360.4M
YoY Change -34.15% -16.37% 29.69%
Cash & Equivalents $143.0M $160.5M $134.6M
Short-Term Investments $105.1M $140.9M $203.3M
Other Short-Term Assets $61.00M $63.90M $58.70M
YoY Change 8.16% 8.86% 4.45%
Inventory $224.5M $211.3M $178.9M
Prepaid Expenses
Receivables $266.5M $270.0M $248.9M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $800.1M $846.6M $851.1M
YoY Change -7.42% -0.53% 24.81%
LONG-TERM ASSETS
Property, Plant & Equipment $27.19M $25.45M $18.93M
YoY Change 42.94% 34.46% 14.02%
Goodwill $155.9M $155.9M $100.9M
YoY Change 54.55% 54.56%
Intangibles $84.12M $88.63M $27.70M
YoY Change 204.54% 219.96%
Long-Term Investments $1.300M $1.300M
YoY Change
Other Assets $26.59M $24.61M $20.05M
YoY Change 16.45% 22.71% 53.08%
Total Long-Term Assets $293.8M $294.6M $167.6M
YoY Change 72.47% 75.82% 20.63%
TOTAL ASSETS
Total Short-Term Assets $800.1M $846.6M $851.1M
Total Long-Term Assets $293.8M $294.6M $167.6M
Total Assets $1.094B $1.141B $1.019B
YoY Change 5.74% 12.03% 24.1%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $114.5M $119.3M $91.07M
YoY Change 31.18% 30.97% 25.79%
Accrued Expenses $143.2M $136.7M $120.8M
YoY Change 13.44% 13.14% -0.96%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $300.1M $302.9M $263.0M
YoY Change 15.01% 15.16% 21.11%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $6.260M $6.366M $5.286M
YoY Change 18.27% 20.43% -79.67%
Total Long-Term Liabilities $6.260M $6.366M $5.286M
YoY Change 18.27% 20.43% -79.67%
TOTAL LIABILITIES
Total Short-Term Liabilities $300.1M $302.9M $263.0M
Total Long-Term Liabilities $6.260M $6.366M $5.286M
Total Liabilities $320.1M $322.6M $285.9M
YoY Change 14.36% 12.86% 17.59%
SHAREHOLDERS EQUITY
Retained Earnings $351.8M $403.4M $344.1M
YoY Change -2.32% 17.25%
Common Stock $37.00K $39.00K $38.00K
YoY Change -2.63% 2.63%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $773.8M $818.6M $732.8M
YoY Change
Total Liabilities & Shareholders Equity $1.094B $1.141B $1.019B
YoY Change 5.74% 12.03% 24.1%

Cashflow Statement

Concept 2013 Q4 2013 Q3 2012 Q3
OPERATING ACTIVITIES
Net Income $11.43M $14.46M $21.52M
YoY Change -28.9% -32.83% 4.49%
Depreciation, Depletion And Amortization $9.200M $4.900M $3.200M
YoY Change 95.74% 53.13% 23.08%
Cash From Operating Activities $14.10M $16.60M $1.800M
YoY Change -18.97% 822.22% -88.31%
INVESTING ACTIVITIES
Capital Expenditures -$6.300M -$4.000M -$5.400M
YoY Change 34.04% -25.93% 170.0%
Acquisitions
YoY Change
Other Investing Activities $35.90M -$2.400M $9.500M
YoY Change -9075.0% -125.26% -114.84%
Cash From Investing Activities $29.60M -$6.400M $4.200M
YoY Change -680.39% -252.38% -106.36%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -61.10M 3.200M 2.000M
YoY Change -3009.52% 60.0% -91.11%
NET CHANGE
Cash From Operating Activities 14.10M 16.60M 1.800M
Cash From Investing Activities 29.60M -6.400M 4.200M
Cash From Financing Activities -61.10M 3.200M 2.000M
Net Change In Cash -17.40M 13.40M 8.000M
YoY Change -220.83% 67.5% -128.47%
FREE CASH FLOW
Cash From Operating Activities $14.10M $16.60M $1.800M
Capital Expenditures -$6.300M -$4.000M -$5.400M
Free Cash Flow $20.40M $20.60M $7.200M
YoY Change -7.69% 186.11% -58.62%

Facts In Submission

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CY2012Q3 us-gaap Gain Loss Related To Litigation Settlement
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us-gaap General And Administrative Expense
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36576000 USD
CY2013Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
11930000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
33520000 USD
CY2012Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
11888000 USD
CY2012Q4 us-gaap Goodwill
Goodwill
100880000 USD
CY2013Q3 us-gaap Goodwill
Goodwill
155916000 USD
us-gaap Goodwill Acquired During Period
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55036000 USD
CY2013Q3 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2012Q3 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2013Q3 us-gaap Gross Profit
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101659000 USD
us-gaap Gross Profit
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292175000 USD
CY2012Q3 us-gaap Gross Profit
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97688000 USD
us-gaap Gross Profit
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292826000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
69838000 USD
CY2012Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
33711000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
100878000 USD
CY2013Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
24821000 USD
us-gaap Increase Decrease In Employee Related Liabilities
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-6005000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
14603000 USD
us-gaap Increase Decrease In Inventories
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33499000 USD
us-gaap Increase Decrease In Other Accrued Liabilities
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8721000 USD
us-gaap Increase Decrease In Other Accrued Liabilities
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-2126000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-74000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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8795000 USD
CY2013Q3 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
100000 USD
CY2012Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
1000000 USD
us-gaap Indefinitelived Intangible Assets Acquired
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9500000 USD
CY2013Q3 us-gaap Intangible Assets Gross Excluding Goodwill
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128144000 USD
CY2012Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
56129000 USD
CY2012Q4 us-gaap Intangible Assets Net Excluding Goodwill
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27621000 USD
CY2013Q3 us-gaap Intangible Assets Net Excluding Goodwill
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88631000 USD
CY2012Q4 us-gaap Inventory Finished Goods Net Of Reserves
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170456000 USD
CY2013Q3 us-gaap Income Tax Expense Benefit
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10364000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
30418000 USD
CY2012Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
9920000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
26053000 USD
us-gaap Income Tax Reconciliation Tax Credits Research
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822000 USD
us-gaap Increase Decrease In Accounts Payable
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40993000 USD
us-gaap Increase Decrease In Accounts Payable
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-26855000 USD
us-gaap Increase Decrease In Accounts Receivable
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13951000 USD
us-gaap Increase Decrease In Accounts Receivable
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-12469000 USD
us-gaap Increase Decrease In Accrued Income Taxes Payable
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1737000 USD
us-gaap Increase Decrease In Accrued Income Taxes Payable
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-3507000 USD
us-gaap Increase Decrease In Deferred Revenue
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-12120000 USD
us-gaap Increase Decrease In Deferred Revenue
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404000 USD
us-gaap Increase Decrease In Employee Related Liabilities
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-1153000 USD
CY2013Q3 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
199592000 USD
CY2013Q3 us-gaap Inventory Net
InventoryNet
211275000 USD
CY2012Q4 us-gaap Inventory Net
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174903000 USD
CY2012Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
4447000 USD
CY2013Q3 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
6869000 USD
CY2012Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
0 USD
CY2013Q3 us-gaap Inventory Work In Process
InventoryWorkInProcess
4814000 USD
CY2012Q3 us-gaap Investment Income Interest
InvestmentIncomeInterest
109000 USD
CY2013Q3 us-gaap Investment Income Interest
InvestmentIncomeInterest
71000 USD
us-gaap Investment Income Interest
InvestmentIncomeInterest
315000 USD
us-gaap Investment Income Interest
InvestmentIncomeInterest
344000 USD
us-gaap Lease Expiration Date1
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2026-12-31
CY2012Q4 us-gaap Liabilities
Liabilities
279958000 USD
CY2013Q3 us-gaap Liabilities
Liabilities
322611000 USD
CY2013Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1141194000 USD
CY2012Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1034569000 USD
CY2012Q4 us-gaap Liabilities Current
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260930000 USD
CY2013Q3 us-gaap Liabilities Current
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302931000 USD
CY2013Q3 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
1613000 USD
CY2012Q4 us-gaap Liabilities Fair Value Disclosure
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1619000 USD
us-gaap Litigation Settlement Expense
LitigationSettlementExpense
3555000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
7948000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
13314000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-125171000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-69290000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
72794000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
37560000 USD
CY2013Q3 us-gaap Net Income Loss
NetIncomeLoss
14457000 USD
us-gaap Net Income Loss
NetIncomeLoss
70460000 USD
CY2012Q3 us-gaap Net Income Loss
NetIncomeLoss
23791000 USD
us-gaap Net Income Loss
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43785000 USD
us-gaap Number Of Reportable Segments
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3 business_unit
us-gaap Operating Expenses
OperatingExpenses
194464000 USD
CY2013Q3 us-gaap Operating Expenses
OperatingExpenses
77420000 USD
CY2012Q3 us-gaap Operating Expenses
OperatingExpenses
67156000 USD
us-gaap Operating Expenses
OperatingExpenses
223340000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
69486000 USD
CY2012Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
30532000 USD
CY2013Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
24239000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
97711000 USD
CY2012Q4 us-gaap Other Accrued Liabilities Current
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31487000 USD
CY2013Q3 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
39069000 USD
CY2012Q4 us-gaap Other Assets Miscellaneous Noncurrent
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4656000 USD
CY2013Q3 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
4812000 USD
CY2013Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
24608000 USD
CY2012Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
22834000 USD
us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
310000 USD
CY2012Q3 us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
-280000 USD
CY2013Q3 us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
-189000 USD
CY2013Q3 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
10000 USD
us-gaap Other Comprehensive Income Loss Tax
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-5000 USD
us-gaap Other Comprehensive Income Loss Tax
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-6000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax
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-146000 USD
us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
-161000 USD
us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
-199000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-194000 USD
CY2012Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-287000 USD
CY2013Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-199000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-155000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-155000 USD
CY2012Q3 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
7000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax
-187000 USD
CY2012Q3 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax
-303000 USD
CY2013Q3 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax
-215000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
-12000 USD
CY2012Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
23000 USD
CY2013Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
26000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
-15000 USD
CY2013Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
6366000 USD
CY2012Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
5293000 USD
CY2013Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
511000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
2823000 USD
CY2012Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
3070000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
37000 USD
us-gaap Payments For Proceeds From Other Investing Activities
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0 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-3890000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
486000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
815000 USD
us-gaap Payments For Restructuring
PaymentsForRestructuring
1004000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
28625000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
147215000 USD
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
275000 USD
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
0 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
11492000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
11709000 USD
us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
128322000 USD
us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
308787000 USD
CY2012Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
33724000 USD
CY2013Q3 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
38477000 USD
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
2139000 USD
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
1998000 USD
us-gaap Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
223733000 USD
us-gaap Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
214341000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
5630000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
10757000 USD
CY2012Q3 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
44393000 USD
CY2013Q3 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
39465000 USD
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
116260000 USD
CY2012Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
46659000 USD
CY2011Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
44846000 USD
CY2013Q3 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
45690000 USD
CY2012Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
46659000 USD
CY2013Q3 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
45690000 USD
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
44904000 USD
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
50539000 USD
us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
44451000 USD
us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
49570000 USD
CY2012Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
73651000 USD
CY2013Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
92645000 USD
CY2012Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
19025000 USD
CY2013Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
25450000 USD
CY2013Q3 us-gaap Purchase Commitment Remaining Minimum Amount Committed
PurchaseCommitmentRemainingMinimumAmountCommitted
211000000 USD
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
465000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
46277000 USD
CY2012Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
17399000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
62639000 USD
CY2013Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
23320000 USD
CY2013Q3 us-gaap Restructuring Reserve
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107000 USD
CY2012Q4 us-gaap Restructuring Reserve
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999000 USD
us-gaap Restructuring Reserve Accrual Adjustment
RestructuringReserveAccrualAdjustment
94000 USD
CY2013Q3 us-gaap Restructuring Reserve Accrual Adjustment
RestructuringReserveAccrualAdjustment
4000 USD
CY2013Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
403441000 USD
CY2012Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
360142000 USD
CY2012Q3 us-gaap Sales Revenue Net
SalesRevenueNet
315210000 USD
us-gaap Sales Revenue Net
SalesRevenueNet
1013013000 USD
us-gaap Sales Revenue Net
SalesRevenueNet
961485000 USD
CY2013Q3 us-gaap Sales Revenue Net
SalesRevenueNet
361895000 USD
CY2012Q3 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
37600000 USD
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
114247000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
12492000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
10806000 USD
CY2012Q3 us-gaap Share Based Compensation
ShareBasedCompensation
4019000 USD
CY2013Q3 us-gaap Share Based Compensation
ShareBasedCompensation
4511000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.000
CY2013Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.000
CY2012Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.000
CY2013Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.464
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.481
CY2012Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.523
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.522
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0071
CY2012Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0048
CY2013Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0114
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0064
CY2013Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P4Y5M8D
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P4Y5M8D
CY2012Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P4Y4M24D
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P4Y4M24D
us-gaap Shipping Handling And Transportation Costs
ShippingHandlingAndTransportationCosts
9400000 USD
us-gaap Shipping Handling And Transportation Costs
ShippingHandlingAndTransportationCosts
8900000 USD
CY2012Q3 us-gaap Shipping Handling And Transportation Costs
ShippingHandlingAndTransportationCosts
3000000 USD
CY2013Q3 us-gaap Shipping Handling And Transportation Costs
ShippingHandlingAndTransportationCosts
3200000 USD
CY2012Q4 us-gaap Short Term Investments
ShortTermInvestments
227845000 USD
CY2013Q3 us-gaap Short Term Investments
ShortTermInvestments
140934000 USD
CY2013Q3 us-gaap Significant Change In Unrecognized Tax Benefits Is Reasonably Possible Amount Of Unrecorded Benefit
SignificantChangeInUnrecognizedTaxBenefitsIsReasonablyPossibleAmountOfUnrecordedBenefit
5500000 USD
CY2008Q4 us-gaap Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased
6000000 shares
CY2012Q3 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
0 shares
CY2013Q3 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
0 shares
us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
0 shares
us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
0 shares
CY2013Q3 us-gaap Stockholders Equity
StockholdersEquity
818583000 USD
CY2012Q4 us-gaap Stockholders Equity
StockholdersEquity
754611000 USD
CY2012Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
640000 shares
CY2013Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
498000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
565000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
704000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
39127000 shares
CY2012Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
38802000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
38682000 shares
CY2013Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
39198000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
37978000 shares
CY2013Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
38700000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
38562000 shares
CY2012Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
38162000 shares
CY2012Q4 ntgr Accrued Freight Charges
AccruedFreightCharges
4457000 USD
CY2013Q3 ntgr Accrued Freight Charges
AccruedFreightCharges
7353000 USD
CY2012Q4 ntgr Accrued Restructuring And Other Charges
AccruedRestructuringAndOtherCharges
999000 USD
CY2013Q3 ntgr Accrued Restructuring And Other Charges
AccruedRestructuringAndOtherCharges
1177000 USD
ntgr Acquisition Costs Accrual Adjustments
AcquisitionCostsAccrualAdjustments
0 USD
CY2012Q4 ntgr Allowance For Price Protection
AllowanceForPriceProtection
1783000 USD
CY2013Q3 ntgr Allowance For Price Protection
AllowanceForPriceProtection
3118000 USD
CY2013Q3 ntgr Allowance For Sales Returns
AllowanceForSalesReturns
16879000 USD
CY2012Q4 ntgr Allowance For Sales Returns
AllowanceForSalesReturns
17031000 USD
CY2013Q3 ntgr Allowances On Accounts Receivable
AllowancesOnAccountsReceivable
21253000 USD
CY2012Q4 ntgr Allowances On Accounts Receivable
AllowancesOnAccountsReceivable
20070000 USD
CY2013Q3 ntgr Amortization Of Intangible Asset
AmortizationOfIntangibleAsset
4439000 USD
CY2012Q3 ntgr Amortization Of Intangible Asset
AmortizationOfIntangibleAsset
1354000 USD
ntgr Amortization Of Intangible Asset
AmortizationOfIntangibleAsset
10782000 USD
ntgr Amortization Of Intangible Asset
AmortizationOfIntangibleAsset
3317000 USD
ntgr Continued Vesting Period After Termination Without Cause
ContinuedVestingPeriodAfterTerminationWithoutCause
P1Y
ntgr Corporate And Unallocated Income
CorporateAndUnallocatedIncome
38824000 USD
ntgr Corporate And Unallocated Income
CorporateAndUnallocatedIncome
36430000 USD
CY2013Q3 ntgr Corporate And Unallocated Income
CorporateAndUnallocatedIncome
12800000 USD
CY2012Q3 ntgr Corporate And Unallocated Income
CorporateAndUnallocatedIncome
12866000 USD
CY2013Q3 ntgr Financial Impact To Company
FinancialImpactToCompany
0 USD
CY2013Q3 ntgr Foregone Collecting Costs
ForegoneCollectingCosts
41667 USD
CY2013Q3 ntgr Foregonecolletingprejectmentinterestdollarperday
Foregonecolletingprejectmentinterestdollarperday
336
CY2013Q3 ntgr Foregonecolletingprejudgementinterest
Foregonecolletingprejudgementinterest
224141 USD
CY2013Q3 ntgr Foregonecolletingverdictamount
Foregonecolletingverdictamount
3555000 USD
CY2013Q3 ntgr Future Legnth Company Currently Considered Regarding Existing Cases And Proceedings That Are Likely To Have Material Advese Effect On It In Months
FutureLegnthCompanyCurrentlyConsideredRegardingExistingCasesAndProceedingsThatAreLikelyToHaveMaterialAdveseEffectOnItInMonths
P12M
CY2012Q3 ntgr Impact To Cost Of Sales From Acquisition Accounting Adjustments To Inventory
ImpactToCostOfSalesFromAcquisitionAccountingAdjustmentsToInventory
0 USD
ntgr Nonrecurringtaxbenefitsexpensesrelatedtochangesinestimates
Nonrecurringtaxbenefitsexpensesrelatedtochangesinestimates
780000 USD
CY2011Q4 ntgr Number Of Actions Brought Against End User Customers And Other Companies
NumberOfActionsBroughtAgainstEndUserCustomersAndOtherCompanies
15 actions
ntgr Impact To Cost Of Sales From Acquisition Accounting Adjustments To Inventory
ImpactToCostOfSalesFromAcquisitionAccountingAdjustmentsToInventory
0 USD
CY2013Q3 ntgr Impact To Cost Of Sales From Acquisition Accounting Adjustments To Inventory
ImpactToCostOfSalesFromAcquisitionAccountingAdjustmentsToInventory
0 USD
ntgr Impact To Cost Of Sales From Acquisition Accounting Adjustments To Inventory
ImpactToCostOfSalesFromAcquisitionAccountingAdjustmentsToInventory
568000 USD
CY2012Q4 ntgr Length Of Trial Period In Days
LengthOfTrialPeriodInDays
P10D
CY2012Q3 ntgr Length Of Trial Period In Days
LengthOfTrialPeriodInDays
P10D
CY2013Q3 ntgr Liability For Customers Distributors And Resellers Indemnification Agreements
LiabilityForCustomersDistributorsAndResellersIndemnificationAgreements
0 USD
CY2013Q3 ntgr Liability For Director And Officer Indemnification Agreements
LiabilityForDirectorAndOfficerIndemnificationAgreements
0 USD
CY2012Q2 ntgr Maximum Number Of Asserted Claims In Filed Status Report
MaximumNumberOfAssertedClaimsInFiledStatusReport
10 claims
CY2012 ntgr Minimum Number Of Lawsuits Filed Against Third Party Suppliers By Competitor
MinimumNumberOfLawsuitsFiledAgainstThirdPartySuppliersByCompetitor
100 case
ntgr Number Of Days For Non Cancellation Of Purchase Obligations Prior To Expected Shipment Date
NumberOfDaysForNonCancellationOfPurchaseObligationsPriorToExpectedShipmentDate
P30D
CY2013Q3 ntgr Number Of Exiting Cases And Procedings That Company Currently Believes Are Liking To Have Material Adverse Effect On Its Financial Position
NumberOfExitingCasesAndProcedingsThatCompanyCurrentlyBelievesAreLikingToHaveMaterialAdverseEffectOnItsFinancialPosition
0 claims
CY2013Q1 ntgr Number Of Offensive Cases Against Company And Another Company Should Be Consolidated
NumberOfOffensiveCasesAgainstCompanyAndAnotherCompanyShouldBeConsolidated
2 case
CY2008Q4 ntgr Number Of Other Companies Lawsuit Was Filed Against
NumberOfOtherCompaniesLawsuitWasFiledAgainst
30 companies
CY2012Q3 ntgr Number Of Patents Company Brought Its Declaratory Judgment Actotion On Non Infringement And Invalidity
NumberOfPatentsCompanyBroughtItsDeclaratoryJudgmentActotionOnNonInfringementAndInvalidity
17 patent
CY2010Q4 ntgr Number Of Patents Company Filed Suit For Infringement Of
NumberOfPatentsCompanyFiledSuitForInfringementOf
4 patent
CY2010Q3 ntgr Number Of Patents Company Is Accused Of Infringing
NumberOfPatentsCompanyIsAccusedOfInfringing
8 patents
CY2012Q3 ntgr Number Of Patents Company Is Accused Of Infringing
NumberOfPatentsCompanyIsAccusedOfInfringing
3 patent
CY2012Q3 ntgr Number Of Patents Company Is Accused Of Infringing
NumberOfPatentsCompanyIsAccusedOfInfringing
6 patent
CY2011Q4 ntgr Number Of Patents In Which Company Filed Judgement Action For Noninfringement And Invalidity
NumberOfPatentsInWhichCompanyFiledJudgementActionForNoninfringementAndInvalidity
17 patents
ntgr Number Of Remaining Patents Company Is Accused Of Infringing
NumberOfRemainingPatentsCompanyIsAccusedOfInfringing
5 patent
CY2012 ntgr Number Of Third Party Suppliers Filing Declaratory Judgement Actions
NumberOfThirdPartySuppliersFilingDeclaratoryJudgementActions
2 supplier
CY2012 ntgr Number Of Three Asserted Patents With Pending Reexamination
NumberOfThreeAssertedPatentsWithPendingReexamination
1 patent
CY2012Q1 ntgr Number Of Wired Claims Rejected In Patent
NumberOfWiredClaimsRejectedInPatent
5 claims
ntgr Numberofcasestheplaintiffasserted
Numberofcasestheplaintiffasserted
22 case
CY2013Q2 ntgr Numberofcasestheplaintifffiledagainstothercompaniesincludingthecompapy
Numberofcasestheplaintifffiledagainstothercompaniesincludingthecompapy
9 case
CY2013Q4 ntgr Numberofclaimsremainingstandingthatthe Companyhasfiledagainstothercompanies
NumberofclaimsremainingstandingthattheCompanyhasfiledagainstothercompanies
5 claim
CY2013Q4 ntgr Numberofclaimsthatajuryissuedaverdictthatwerenotinfringedbyothercompaniesthatthe Comapanyfiledagainst
NumberofclaimsthatajuryissuedaverdictthatwerenotinfringedbyothercompaniesthattheComapanyfiledagainst
5 patent
CY2011Q4 ntgr Numberofothersimilarcaseswillnowproceedinthe Northern Districtof Illinoisinaconsolidatedfashion
NumberofothersimilarcaseswillnowproceedintheNorthernDistrictofIllinoisinaconsolidatedfashion
15 case
CY2013Q4 ntgr Numberofpatentsajuryrenderedaverditthatwerenotinfringedbyothercompaniesthatthecompanyfiledagainst
Numberofpatentsajuryrenderedaverditthatwerenotinfringedbyothercompaniesthatthecompanyfiledagainst
2 patent
CY2013Q4 ntgr Numberofstandingpatentsthecompanyhasfiledagainstothercompanies
Numberofstandingpatentsthecompanyhasfiledagainstothercompanies
2 patent
ntgr Numberofyearstheplaintiffseeksdamagesfor
Numberofyearstheplaintiffseeksdamagesfor
3 Y
ntgr Paymentsforacquisitiontransitioncosts
Paymentsforacquisitiontransitioncosts
775000 USD
ntgr Paymentsforrestructuringandtranistionrelatedcoststotal
Paymentsforrestructuringandtranistionrelatedcoststotal
1779000 USD
CY2013Q3 ntgr Reasonableandnondiscriminatory Ran Droyaltyrate
ReasonableandnondiscriminatoryRANDroyaltyrate
0.15
CY2012Q3 ntgr Restructuring And Other Charges
RestructuringAndOtherCharges
0 USD
CY2013Q3 ntgr Restructuring And Other Charges
RestructuringAndOtherCharges
400000 USD
ntgr Restructuring And Other Charges
RestructuringAndOtherCharges
0 USD
ntgr Restructuring And Other Charges
RestructuringAndOtherCharges
1957000 USD
ntgr Restructuringandtransitionrelatedaccrualadjustmentstotal
Restructuringandtransitionrelatedaccrualadjustmentstotal
94000 USD
ntgr Restructuringandtransitionrelatedchargestotal
Restructuringandtransitionrelatedchargestotal
2051000 USD
ntgr Shares Repurchased And Retired Related To Net Issuances Values
SharesRepurchasedAndRetiredRelatedToNetIssuancesValues
500000 USD
ntgr Shares Repurchased And Retired Related To Net Issuances Values
SharesRepurchasedAndRetiredRelatedToNetIssuancesValues
800000 USD
ntgr Shares Repurchased And Retired Related To Net Of Issuances Shares Shares
SharesRepurchasedAndRetiredRelatedToNetOfIssuancesSharesShares
22000 shares
ntgr Shares Repurchased And Retired Related To Net Of Issuances Shares Shares
SharesRepurchasedAndRetiredRelatedToNetOfIssuancesSharesShares
14000 shares
CY2013Q3 ntgr Total Segment Contribution Income
TotalSegmentContributionIncome
48694000 USD
ntgr Total Segment Contribution Income
TotalSegmentContributionIncome
140941000 USD
CY2012Q3 ntgr Total Segment Contribution Income
TotalSegmentContributionIncome
49040000 USD
ntgr Total Segment Contribution Income
TotalSegmentContributionIncome
148684000 USD
CY2013Q3 ntgr Transitioncostaccrual
Transitioncostaccrual
1070000 USD
CY2012Q4 ntgr Transitioncostaccrual
Transitioncostaccrual
0 USD
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2013
dei Document Period End Date
DocumentPeriodEndDate
2013-09-29
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0001122904
CY2013Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
38759918 shares
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Entity Registrant Name
EntityRegistrantName
NETGEAR, INC

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