$OLED
UNIVERSAL DISPLAY CORP \PA\

2023 Q4 Form 10-Q Financial Statement

#000095017023058202 Filed on November 02, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3
Revenue $158.3M $141.1M
YoY Change -6.34% -12.13%
Cost Of Revenue $36.25M $34.25M
YoY Change 19.33% -8.42%
Gross Profit $122.1M $106.8M
YoY Change -11.96% -13.26%
Gross Profit Margin 77.1% 75.72%
Selling, General & Admin $19.13M $18.08M
YoY Change -7.88% -1.94%
% of Gross Profit 15.67% 16.93%
Research & Development $33.64M $33.10M
YoY Change 5.44% 8.83%
% of Gross Profit 27.56% 30.98%
Depreciation & Amortization $11.90M $6.900M
YoY Change 22.32% 6.15%
% of Gross Profit 9.75% 6.46%
Operating Expenses $57.32M $58.39M
YoY Change 3.15% 6.76%
Operating Profit $64.75M $48.44M
YoY Change -22.07% -29.25%
Interest Expense $7.865M $7.100M
YoY Change 124.39% 191.94%
% of Operating Profit 12.15% 14.66%
Other Income/Expense, Net $2.996M $5.443M
YoY Change -150.42% 234.34%
Pretax Income $75.61M $53.88M
YoY Change -6.25% -23.13%
Income Tax $13.63M $2.400M
% Of Pretax Income 18.03% 4.45%
Net Earnings $61.69M $51.52M
YoY Change -4.75% -3.63%
Net Earnings / Revenue 38.97% 36.52%
Basic Earnings Per Share $1.08
Diluted Earnings Per Share $1.29 $1.08
COMMON SHARES
Basic Shares Outstanding 47.36M 47.35M
Diluted Shares Outstanding 47.63M

Balance Sheet

Concept 2023 Q4 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $514.1M $491.7M
YoY Change -11.02% -28.62%
Cash & Equivalents $91.99M $79.32M
Short-Term Investments $422.1M $412.4M
Other Short-Term Assets $87.37M $83.44M
YoY Change 90.79% 178.1%
Inventory $175.8M $181.4M
Prepaid Expenses
Receivables $139.9M $122.2M
Other Receivables $0.00 $0.00
Total Short-Term Assets $917.1M $878.7M
YoY Change 1.97% -10.08%
LONG-TERM ASSETS
Property, Plant & Equipment $175.2M $174.6M
YoY Change 22.1% 26.81%
Goodwill $15.54M $15.54M
YoY Change 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments $299.5M $301.2M
YoY Change 15.27% 73.23%
Other Assets $105.3M $101.4M
YoY Change -4.06% -23.97%
Total Long-Term Assets $751.8M $744.2M
YoY Change 18.7% 34.54%
TOTAL ASSETS
Total Short-Term Assets $917.1M $878.7M
Total Long-Term Assets $751.8M $744.2M
Total Assets $1.669B $1.623B
YoY Change 8.88% 6.05%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $10.93M $20.62M
YoY Change 14.85% 54.41%
Accrued Expenses $52.08M $38.50M
YoY Change 2.11% -22.96%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $118.8M $131.3M
YoY Change -12.44% -4.96%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $38.66M $39.18M
YoY Change -11.51% -54.56%
Total Long-Term Liabilities $38.66M $39.18M
YoY Change -11.51% -54.56%
TOTAL LIABILITIES
Total Short-Term Liabilities $118.8M $131.3M
Total Long-Term Liabilities $38.66M $39.18M
Total Liabilities $221.7M $240.6M
YoY Change -13.87% -24.47%
SHAREHOLDERS EQUITY
Retained Earnings $789.6M $744.2M
YoY Change 20.86% 23.54%
Common Stock $487.0K $487.0K
YoY Change -0.81% -0.81%
Preferred Stock
YoY Change
Treasury Stock (at cost) $41.28M $41.28M
YoY Change 0.0% 0.0%
Treasury Stock Shares
Shareholders Equity $1.447B $1.382B
YoY Change
Total Liabilities & Shareholders Equity $1.669B $1.623B
YoY Change 8.88% 6.05%

Cashflow Statement

Concept 2023 Q4 2023 Q3
OPERATING ACTIVITIES
Net Income $61.69M $51.52M
YoY Change -4.75% -3.63%
Depreciation, Depletion And Amortization $11.90M $6.900M
YoY Change 22.32% 6.15%
Cash From Operating Activities $37.08M $60.30M
YoY Change 1303.9% 58.5%
INVESTING ACTIVITIES
Capital Expenditures $7.555M $25.50M
YoY Change -33.3% -275.47%
Acquisitions
YoY Change
Other Investing Activities -$338.0K -$32.50M
YoY Change -99.53% -8.46%
Cash From Investing Activities -$7.893M -$57.90M
YoY Change -90.49% 15.71%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -16.53M -16.50M
YoY Change 18.13% 16.58%
NET CHANGE
Cash From Operating Activities 37.08M 60.30M
Cash From Investing Activities -7.893M -57.90M
Cash From Financing Activities -16.53M -16.50M
Net Change In Cash 12.65M -14.10M
YoY Change -113.42% -46.07%
FREE CASH FLOW
Cash From Operating Activities $37.08M $60.30M
Capital Expenditures $7.555M $25.50M
Free Cash Flow $29.52M $34.80M
YoY Change -439.92% -33.81%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
dei Amendment Flag
AmendmentFlag
false
dei Entity Central Index Key
EntityCentralIndexKey
0001005284
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
CY2023Q3 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2022Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2023Q3 us-gaap Operating Lease Right Of Use Asset Statement Of Financial Position Extensible List
OperatingLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList
http://fasb.org/us-gaap/2023#OtherAssetsNoncurrent
CY2022Q4 us-gaap Operating Lease Right Of Use Asset Statement Of Financial Position Extensible List
OperatingLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList
http://fasb.org/us-gaap/2023#OtherAssetsNoncurrent
CY2023Q3 us-gaap Finance Lease Liability Noncurrent Statement Of Financial Position Extensible List
FinanceLeaseLiabilityNoncurrentStatementOfFinancialPositionExtensibleList
http://fasb.org/us-gaap/2023#OtherLiabilitiesNoncurrent
CY2022Q4 us-gaap Finance Lease Liability Noncurrent Statement Of Financial Position Extensible List
FinanceLeaseLiabilityNoncurrentStatementOfFinancialPositionExtensibleList
http://fasb.org/us-gaap/2023#OtherLiabilitiesNoncurrent
CY2023Q3 us-gaap Defined Benefit Plan Net Periodic Benefit Cost Credit Excluding Service Cost Statement Of Income Or Comprehensive Income Extensible List
DefinedBenefitPlanNetPeriodicBenefitCostCreditExcludingServiceCostStatementOfIncomeOrComprehensiveIncomeExtensibleList
http://fasb.org/us-gaap/2023#PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
CY2022Q3 us-gaap Defined Benefit Plan Net Periodic Benefit Cost Credit Excluding Service Cost Statement Of Income Or Comprehensive Income Extensible List
DefinedBenefitPlanNetPeriodicBenefitCostCreditExcludingServiceCostStatementOfIncomeOrComprehensiveIncomeExtensibleList
http://fasb.org/us-gaap/2023#PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
us-gaap Defined Benefit Plan Net Periodic Benefit Cost Credit Excluding Service Cost Statement Of Income Or Comprehensive Income Extensible List
DefinedBenefitPlanNetPeriodicBenefitCostCreditExcludingServiceCostStatementOfIncomeOrComprehensiveIncomeExtensibleList
http://fasb.org/us-gaap/2023#PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
us-gaap Defined Benefit Plan Net Periodic Benefit Cost Credit Excluding Service Cost Statement Of Income Or Comprehensive Income Extensible List
DefinedBenefitPlanNetPeriodicBenefitCostCreditExcludingServiceCostStatementOfIncomeOrComprehensiveIncomeExtensibleList
http://fasb.org/us-gaap/2023#PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
CY2023Q3 us-gaap Defined Benefit Plan Net Periodic Benefit Cost Credit Amortization Of Gain Loss Statement Of Income Or Comprehensive Income Extensible List
DefinedBenefitPlanNetPeriodicBenefitCostCreditAmortizationOfGainLossStatementOfIncomeOrComprehensiveIncomeExtensibleList
http://fasb.org/us-gaap/2023#PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
CY2022Q3 us-gaap Defined Benefit Plan Net Periodic Benefit Cost Credit Amortization Of Gain Loss Statement Of Income Or Comprehensive Income Extensible List
DefinedBenefitPlanNetPeriodicBenefitCostCreditAmortizationOfGainLossStatementOfIncomeOrComprehensiveIncomeExtensibleList
http://fasb.org/us-gaap/2023#PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
us-gaap Defined Benefit Plan Net Periodic Benefit Cost Credit Amortization Of Gain Loss Statement Of Income Or Comprehensive Income Extensible List
DefinedBenefitPlanNetPeriodicBenefitCostCreditAmortizationOfGainLossStatementOfIncomeOrComprehensiveIncomeExtensibleList
http://fasb.org/us-gaap/2023#PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
us-gaap Defined Benefit Plan Net Periodic Benefit Cost Credit Amortization Of Gain Loss Statement Of Income Or Comprehensive Income Extensible List
DefinedBenefitPlanNetPeriodicBenefitCostCreditAmortizationOfGainLossStatementOfIncomeOrComprehensiveIncomeExtensibleList
http://fasb.org/us-gaap/2023#PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
oled State And Foreign Income Tax Returns Subject To Examination Period Minimum
StateAndForeignIncomeTaxReturnsSubjectToExaminationPeriodMinimum
P3Y
dei Document Type
DocumentType
10-Q
dei Document Quarterly Report
DocumentQuarterlyReport
true
dei Document Period End Date
DocumentPeriodEndDate
2023-09-30
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2023
dei Document Transition Report
DocumentTransitionReport
false
dei Entity File Number
EntityFileNumber
1-12031
dei Entity Registrant Name
EntityRegistrantName
UNIVERSAL DISPLAY CORPORATION
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
PA
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
23-2372688
dei Entity Address Address Line1
EntityAddressAddressLine1
250 Phillips Boulevard
dei Entity Address City Or Town
EntityAddressCityOrTown
Ewing
dei Entity Address State Or Province
EntityAddressStateOrProvince
NJ
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
08618
dei City Area Code
CityAreaCode
609
dei Local Phone Number
LocalPhoneNumber
671-0980
dei Security12b Title
Security12bTitle
Common Stock, $0.01 par value
dei Trading Symbol
TradingSymbol
OLED
dei Security Exchange Name
SecurityExchangeName
NASDAQ
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
dei Entity Small Business
EntitySmallBusiness
false
dei Entity Shell Company
EntityShellCompany
false
CY2023Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
47358076
CY2023Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
79323000
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
93430000
CY2023Q3 us-gaap Short Term Investments
ShortTermInvestments
412350000
CY2022Q4 us-gaap Short Term Investments
ShortTermInvestments
484345000
CY2023Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
122192000
CY2022Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
92664000
CY2023Q3 us-gaap Inventory Net
InventoryNet
181406000
CY2022Q4 us-gaap Inventory Net
InventoryNet
183220000
CY2023Q3 us-gaap Other Assets Current
OtherAssetsCurrent
83444000
CY2022Q4 us-gaap Other Assets Current
OtherAssetsCurrent
45791000
CY2023Q3 us-gaap Assets Current
AssetsCurrent
878715000
CY2022Q4 us-gaap Assets Current
AssetsCurrent
899450000
CY2023Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
137020000
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
117118000
CY2023Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
174638000
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
143445000
CY2023Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
182657000
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
189671000
CY2023Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
94518000
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
38382000
CY2023Q3 oled Other Finite Lived Intangible Assets Accumulated Amortization
OtherFiniteLivedIntangibleAssetsAccumulatedAmortization
10055000
CY2022Q4 oled Other Finite Lived Intangible Assets Accumulated Amortization
OtherFiniteLivedIntangibleAssetsAccumulatedAmortization
8989000
CY2023Q3 oled Other Finite Lived Intangible Assets Net
OtherFiniteLivedIntangibleAssetsNet
7233000
CY2022Q4 oled Other Finite Lived Intangible Assets Net
OtherFiniteLivedIntangibleAssetsNet
8247000
CY2023Q3 us-gaap Goodwill
Goodwill
15535000
CY2022Q4 us-gaap Goodwill
Goodwill
15535000
CY2023Q3 us-gaap Long Term Investments
LongTermInvestments
301193000
CY2022Q4 us-gaap Long Term Investments
LongTermInvestments
259861000
CY2023Q3 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
49637000
CY2022Q4 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
58161000
CY2023Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
101447000
CY2022Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
109739000
CY2023Q3 us-gaap Assets
Assets
1622916000
CY2022Q4 us-gaap Assets
Assets
1532820000
CY2023Q3 us-gaap Accounts Payable Current
AccountsPayableCurrent
20624000
CY2022Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
9519000
CY2023Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
38500000
CY2022Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
51002000
CY2023Q3 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
66828000
CY2022Q4 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
45599000
CY2023Q3 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
5391000
CY2022Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
29577000
CY2023Q3 us-gaap Liabilities Current
LiabilitiesCurrent
131343000
CY2022Q4 us-gaap Liabilities Current
LiabilitiesCurrent
135697000
CY2023Q3 us-gaap Deferred Revenue Noncurrent
DeferredRevenueNoncurrent
8859000
CY2022Q4 us-gaap Deferred Revenue Noncurrent
DeferredRevenueNoncurrent
18279000
CY2023Q3 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
61165000
CY2022Q4 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
59790000
CY2023Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
39183000
CY2022Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
43685000
CY2023Q3 us-gaap Liabilities
Liabilities
240550000
CY2022Q4 us-gaap Liabilities
Liabilities
257451000
CY2023Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2022Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2023Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000
CY2022Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000
CY2023Q3 us-gaap Preferred Stock Value
PreferredStockValue
2000
CY2022Q4 us-gaap Preferred Stock Value
PreferredStockValue
2000
CY2023Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2022Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2023Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
200000000
CY2022Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
200000000
CY2023Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
48720530
CY2022Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
49136030
CY2023Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
47354882
CY2022Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
47770382
CY2023Q3 us-gaap Common Stock Value
CommonStockValue
487000
CY2022Q4 us-gaap Common Stock Value
CommonStockValue
491000
CY2023Q3 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
693899000
CY2022Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
681335000
CY2023Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
744227000
CY2022Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
653277000
CY2023Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-14965000
CY2022Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-18452000
CY2023Q3 us-gaap Treasury Stock Common Shares
TreasuryStockCommonShares
1365648
CY2022Q4 us-gaap Treasury Stock Common Shares
TreasuryStockCommonShares
1365648
CY2023Q3 us-gaap Treasury Stock Preferred Shares
TreasuryStockPreferredShares
1365648
CY2022Q4 us-gaap Treasury Stock Preferred Shares
TreasuryStockPreferredShares
1365648
CY2023Q3 us-gaap Treasury Stock Value
TreasuryStockValue
41284000
CY2022Q4 us-gaap Treasury Stock Value
TreasuryStockValue
41284000
us-gaap Investment Income Net
InvestmentIncomeNet
20301000
CY2023Q3 us-gaap Stockholders Equity
StockholdersEquity
1382366000
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
1275369000
CY2023Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1622916000
CY2022Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1532820000
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
141077000
CY2022Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
160556000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
418109000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
447587000
CY2023Q3 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
34248000
CY2022Q3 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
37396000
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
99357000
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
97798000
CY2023Q3 us-gaap Gross Profit
GrossProfit
106829000
CY2022Q3 us-gaap Gross Profit
GrossProfit
123160000
us-gaap Gross Profit
GrossProfit
318752000
us-gaap Gross Profit
GrossProfit
349789000
CY2023Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
33099000
CY2022Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
30414000
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
96840000
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
85156000
CY2023Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
18084000
CY2022Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
18442000
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
50557000
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
59373000
CY2023Q3 oled Amortization Of Acquired Technology And Other Intangible Assets
AmortizationOfAcquiredTechnologyAndOtherIntangibleAssets
4557000
CY2022Q3 oled Amortization Of Acquired Technology And Other Intangible Assets
AmortizationOfAcquiredTechnologyAndOtherIntangibleAssets
3562000
oled Amortization Of Acquired Technology And Other Intangible Assets
AmortizationOfAcquiredTechnologyAndOtherIntangibleAssets
11442000
oled Amortization Of Acquired Technology And Other Intangible Assets
AmortizationOfAcquiredTechnologyAndOtherIntangibleAssets
14562000
CY2023Q3 oled Patent Costs
PatentCosts
2572000
CY2022Q3 oled Patent Costs
PatentCosts
2018000
oled Patent Costs
PatentCosts
7056000
oled Patent Costs
PatentCosts
6075000
CY2023Q3 us-gaap Royalty Expense
RoyaltyExpense
81000
CY2022Q3 us-gaap Royalty Expense
RoyaltyExpense
261000
us-gaap Royalty Expense
RoyaltyExpense
414000
us-gaap Royalty Expense
RoyaltyExpense
596000
CY2023Q3 us-gaap Operating Expenses
OperatingExpenses
58393000
CY2022Q3 us-gaap Operating Expenses
OperatingExpenses
54697000
us-gaap Operating Expenses
OperatingExpenses
166309000
us-gaap Operating Expenses
OperatingExpenses
165762000
CY2023Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
48436000
CY2022Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
68463000
us-gaap Operating Income Loss
OperatingIncomeLoss
152443000
us-gaap Operating Income Loss
OperatingIncomeLoss
184027000
CY2023Q3 us-gaap Investment Income Net
InvestmentIncomeNet
7136000
CY2022Q3 us-gaap Investment Income Net
InvestmentIncomeNet
2432000
us-gaap Investment Income Net
InvestmentIncomeNet
4306000
CY2023Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-1693000
CY2022Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-804000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-3180000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-749000
CY2023Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
5443000
CY2022Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
1628000
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
17121000
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
3557000
CY2023Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
53879000
CY2022Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
70091000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
169564000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
187584000
CY2023Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2363000
CY2022Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
16636000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
28531000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
42657000
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
51516000
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
53455000
us-gaap Net Income Loss
NetIncomeLoss
141033000
us-gaap Net Income Loss
NetIncomeLoss
144927000
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.08
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.12
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.95
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.04
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.08
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.12
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.95
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.04
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
47570099
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
47396495
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
47555734
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
47386426
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
47632431
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
47466934
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
47609692
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
47455893
CY2023Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.35
CY2022Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.3
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.05
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.9
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
51516000
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
53455000
us-gaap Net Income Loss
NetIncomeLoss
141033000
us-gaap Net Income Loss
NetIncomeLoss
144927000
CY2023Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
-318000
CY2022Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
572000
CY2022Q3 us-gaap Dividends Cash
DividendsCash
14247000
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
-756000
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
2120000
CY2023Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
1138000
CY2022Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-1680000
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
2706000
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-7231000
CY2023Q3 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditTax
71000
CY2022Q3 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditTax
159000
us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditTax
212000
us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditTax
444000
CY2023Q3 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Net Of Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax
253000
CY2022Q3 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Net Of Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax
493000
us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Net Of Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax
759000
us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Net Of Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax
1511000
CY2023Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-44000
CY2022Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-191000
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
22000
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-601000
CY2023Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
1347000
CY2022Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-1378000
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
3487000
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-6321000
CY2023Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
52863000
CY2022Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
52077000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
144520000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
138606000
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
1338766000
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
51516000
CY2023Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
1347000
CY2023Q3 us-gaap Dividends Cash
DividendsCash
16661000
CY2023Q3 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
6738000
CY2023Q3 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
466000
CY2023Q3 oled Issuance Of Common Stock To Board Of Directors And Scientific Advisory Board Value
IssuanceOfCommonStockToBoardOfDirectorsAndScientificAdvisoryBoardValue
423000
CY2023Q3 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
703000
CY2023Q3 us-gaap Stockholders Equity
StockholdersEquity
1382366000
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
1275369000
us-gaap Net Income Loss
NetIncomeLoss
141033000
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
3487000
us-gaap Dividends Cash
DividendsCash
50083000
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
16947000
us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
7895000
oled Issuance Of Common Stock To Board Of Directors And Scientific Advisory Board Value
IssuanceOfCommonStockToBoardOfDirectorsAndScientificAdvisoryBoardValue
1564000
us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
1944000
CY2023Q3 us-gaap Stockholders Equity
StockholdersEquity
1382366000
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
1165309000
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
53455000
CY2022Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-1378000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
124174000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
52208000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
31119000
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
66563000
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
4761000
CY2022Q3 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
8209000
CY2022Q3 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
306000
CY2022Q3 oled Issuance Of Common Stock To Board Of Directors And Scientific Advisory Board Value
IssuanceOfCommonStockToBoardOfDirectorsAndScientificAdvisoryBoardValue
347000
CY2022Q3 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
436000
CY2022Q3 us-gaap Stockholders Equity
StockholdersEquity
1211825000
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
1099914000
us-gaap Net Income Loss
NetIncomeLoss
144927000
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-6321000
us-gaap Dividends Cash
DividendsCash
42740000
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
22147000
us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
9150000
oled Issuance Of Common Stock To Board Of Directors And Scientific Advisory Board Value
IssuanceOfCommonStockToBoardOfDirectorsAndScientificAdvisoryBoardValue
1421000
us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
1627000
CY2022Q3 us-gaap Stockholders Equity
StockholdersEquity
1211825000
us-gaap Net Income Loss
NetIncomeLoss
141033000
us-gaap Net Income Loss
NetIncomeLoss
144927000
us-gaap Depreciation
Depreciation
20128000
us-gaap Depreciation
Depreciation
17982000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
11442000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
14562000
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
-9436000
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
-3469000
us-gaap Share Based Compensation
ShareBasedCompensation
17359000
us-gaap Share Based Compensation
ShareBasedCompensation
22528000
oled Stock Based Compensation To Board Of Directors And Scientific Advisory Board
StockBasedCompensationToBoardOfDirectorsAndScientificAdvisoryBoard
1264000
oled Stock Based Compensation To Board Of Directors And Scientific Advisory Board
StockBasedCompensationToBoardOfDirectorsAndScientificAdvisoryBoard
1121000
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
7556000
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-7876000
us-gaap Pension And Other Postretirement Benefit Expense
PensionAndOtherPostretirementBenefitExpense
2347000
us-gaap Pension And Other Postretirement Benefit Expense
PensionAndOtherPostretirementBenefitExpense
3998000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
29528000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-29446000
us-gaap Increase Decrease In Finished Goods And Work In Process Inventories
IncreaseDecreaseInFinishedGoodsAndWorkInProcessInventories
-1814000
us-gaap Increase Decrease In Finished Goods And Work In Process Inventories
IncreaseDecreaseInFinishedGoodsAndWorkInProcessInventories
46034000
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
37653000
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
9057000
us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
-8292000
us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
-2282000
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-32000
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
7217000
us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
-24186000
us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
-543000
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
11809000
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-63066000
us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
-4502000
us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
10156000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
117707000
us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
303004000
us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
464766000
us-gaap Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
346407000
us-gaap Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
302872000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-75368000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-197774000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
1532000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
1247000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
7895000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
9150000
us-gaap Payments Of Dividends
PaymentsOfDividends
50083000
us-gaap Payments Of Dividends
PaymentsOfDividends
42740000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-56446000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-50643000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-14107000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-124243000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
93430000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
311993000
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
79323000
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
187750000
us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax
3304000
us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax
-9711000
oled Other Significant Non Cash Transaction Increase Decrease In Accounts Payable And Accrued Expenses Related To Purchases Of Property And Equipment
OtherSignificantNonCashTransactionIncreaseDecreaseInAccountsPayableAndAccruedExpensesRelatedToPurchasesOfPropertyAndEquipment
887000
oled Other Significant Non Cash Transaction Increase Decrease In Accounts Payable And Accrued Expenses Related To Purchases Of Property And Equipment
OtherSignificantNonCashTransactionIncreaseDecreaseInAccountsPayableAndAccruedExpensesRelatedToPurchasesOfPropertyAndEquipment
4256000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
81132000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
42227000
us-gaap Nature Of Operations
NatureOfOperations
<p style="text-indent:-4.749%;padding-left:4.533%;font-size:10pt;margin-top:12pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">1. BUSINESS:</span></p><p style="text-indent:4.533%;font-size:10pt;margin-top:6pt;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-weight:normal;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">Universal Display Corporation and its subsidiaries (the Company) is a leader in the research, development and commercialization of organic light emitting diode (OLED) technologies and materials for use in display and solid-state lighting applications. OLEDs are thin, lightweight and power-efficient solid-state devices that emit light and can be manufactured on both flexible and rigid substrates, making them highly suitable for use in full-color displays and as lighting products. OLED displays are capturing a growing share of the display market, especially in the mobile phone, television, monitor, wearable, tablet, notebook and personal computer, augmented reality (AR), virtual reality (VR) and automotive markets. The Company believes this is because OLEDs offer potential advantages over competing display technologies with respect to power efficiency, contrast ratio, viewing angle, video response time, form factor and manufacturing cost. The Company also believes that OLED lighting products have the potential to replace many existing light sources in the future because of their high-power efficiency, excellent color rendering index, low operating temperature and novel form factor. The Company’s technology leadership, intellectual property position, and more than 20 years of experience working closely with leading OLED display manufacturers are some of the competitive advantages that should enable the Company to continue to share in the revenues from OLED displays and lighting products as they gain wider acceptance.</span></p><p style="text-indent:4.533%;font-size:10pt;margin-top:12pt;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-weight:normal;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">The Company’s primary business strategy is to (1) develop new OLED materials and sell existing and new materials to product manufacturers of products for display applications, such as mobile phones, televisions, monitors, wearables, tablets, portable media devices, notebook computers, personal computers and automotive applications, and specialty and general lighting products; and (2) further develop and either license or otherwise commercialize the Company’s proprietary OLED material, device design and manufacturing technologies to those manufacturers. The Company has established a significant portfolio of proprietary OLED technologies and materials, primarily through internal research and development efforts and acquisitions of patents and patent applications, as well as maintaining long-standing, and establishing new relationships with world-class universities, research institutions and strategic manufacturing partnerships. The Company currently owns, exclusively licenses or has the sole right to sublicense more than </span><span style="font-size:10pt;font-family:Times New Roman;color:#000000;white-space:pre-wrap;font-weight:normal;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">6,000</span><span style="color:#000000;white-space:pre-wrap;font-weight:normal;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> patents issued and pending worldwide.</span></p><p style="text-indent:4.533%;font-size:10pt;margin-top:12pt;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-weight:normal;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">The Company manufactures and sells its proprietary OLED materials to customers for evaluation and use in commercial OLED products. The Company also enters into agreements with manufacturers of OLED display and lighting products under which it grants them licenses to practice under the Company’s patents and to use the Company's proprietary know-how. At the same time, the Company works with these and other companies that are evaluating the Company's OLED material, device design and manufacturing technologies for possible use in commercial OLED display and lighting products.</span></p>
CY2023Q3 oled Number Of Patents Issued And Pending Application
NumberOfPatentsIssuedAndPendingApplication
6000
CY2022Q4 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
93430000
CY2023Q3 oled Minority Investment Carrying Value
MinorityInvestmentCarryingValue
14000000
CY2022Q4 oled Minority Investment Carrying Value
MinorityInvestmentCarryingValue
12000000
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p style="text-indent:0;font-size:10pt;margin-top:18pt;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;">Reclassification of Prior Year Presentation</span></p><p style="text-indent:4.533%;font-size:10pt;margin-top:6pt;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-weight:normal;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">Certain prior year adjustments to reconcile net income to net cash provided by operating activities have been reclassified on the Consolidated Statements of Cash Flows to conform to the current year presentation. These adjustments have been consolidated into their respective operating assets and liabilities accounts, specifically, inventory, other current assets, other assets and deferred revenue.</span></p>
us-gaap Use Of Estimates
UseOfEstimates
<p style="text-indent:0;font-size:10pt;margin-top:18pt;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;">Management’s Use of Estimates</span></p><p style="text-indent:4.533%;font-size:10pt;margin-top:6pt;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-weight:normal;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">The preparation of financial statements in conformity with U.S. generally accepted accounting principles (GAAP) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The estimates made are principally in the areas of revenue recognition including estimates of material unit sales and royalties, the useful life of acquired intangibles, lease liabilities, right-of-use assets, the use and recoverability of inventories, intangibles, investments and income taxes including realization of deferred tax assets, stock-based compensation and retirement benefit plan liabilities. Actual results could differ from those estimates.</span></p>
CY2023Q3 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Credit Losses On Debt Securities Held
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsCreditLossesOnDebtSecuritiesHeld
0
CY2022Q4 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Credit Losses On Debt Securities Held
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsCreditLossesOnDebtSecuritiesHeld
0
us-gaap Depreciation
Depreciation
18000000
CY2023Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
174638000
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
143445000
CY2023Q3 us-gaap Depreciation
Depreciation
6900000
CY2022Q3 us-gaap Depreciation
Depreciation
6500000
us-gaap Depreciation
Depreciation
20100000
us-gaap Income Tax Examination Likelihood Of Unfavorable Settlement
IncomeTaxExaminationLikelihoodOfUnfavorableSettlement
Recognized income tax positions are measured at the largest amount of which the likelihood of realization is greater than 50%
CY2023Q3 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
79323000
CY2023Q3 oled Cash Equivalents Gross Unrealized Gain
CashEquivalentsGrossUnrealizedGain
0
CY2023Q3 oled Cash Equivalents Gross Unrealized Losses
CashEquivalentsGrossUnrealizedLosses
0
CY2023Q3 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
79323000
CY2022Q4 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
93430000
CY2022Q4 oled Cash Equivalents Gross Unrealized Gain
CashEquivalentsGrossUnrealizedGain
0
CY2022Q4 oled Cash Equivalents Gross Unrealized Losses
CashEquivalentsGrossUnrealizedLosses
0
CY2023Q3 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
120096000
CY2022Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
115448000
CY2023Q3 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
7494000
CY2022Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
7626000
CY2023Q3 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
53816000
CY2022Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
60146000
CY2023Q3 us-gaap Inventory Net
InventoryNet
181406000
CY2022Q4 us-gaap Inventory Net
InventoryNet
183220000
CY2023Q3 us-gaap Inventory Write Down
InventoryWriteDown
2500000
CY2022Q3 us-gaap Inventory Write Down
InventoryWriteDown
1700000
us-gaap Inventory Write Down
InventoryWriteDown
6600000
us-gaap Inventory Write Down
InventoryWriteDown
2400000
CY2023Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
311658000
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
260563000
CY2023Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
137020000
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
117118000
CY2023Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
277175000
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
228053000
CY2023Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
182657000
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
189671000
CY2023Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
94518000
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
38382000
CY2023Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
4200000
CY2023Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
16800000
CY2023Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
16800000
CY2023Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
12000000
CY2023Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
7200000
CY2023Q3 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
37500000
CY2023Q3 us-gaap Other Finite Lived Intangible Assets Gross
OtherFiniteLivedIntangibleAssetsGross
16800000
CY2023Q3 oled Other Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
OtherFiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
359000
CY2023Q3 us-gaap Income Taxes Receivable Noncurrent
IncomeTaxesReceivableNoncurrent
57581000
CY2022Q4 us-gaap Income Taxes Receivable Noncurrent
IncomeTaxesReceivableNoncurrent
63915000
CY2023Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
25321000
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
31486000
CY2023Q3 oled Long Term Contract Assets
LongTermContractAssets
16317000
CY2022Q4 oled Long Term Contract Assets
LongTermContractAssets
11651000
CY2023Q3 us-gaap Other Long Term Investments
OtherLongTermInvestments
2228000
CY2022Q4 us-gaap Other Long Term Investments
OtherLongTermInvestments
2687000
CY2023Q3 us-gaap Other Assets
OtherAssets
101447000
CY2022Q4 us-gaap Other Assets
OtherAssets
109739000
us-gaap Lessee Operating Lease Description
LesseeOperatingLeaseDescription
As of September 30, 2023, the Company did not have any finance leases and had one additional operating lease that has not yet commenced.
CY2023Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
1094000
CY2022Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
1067000
us-gaap Operating Lease Cost
OperatingLeaseCost
3538000
us-gaap Operating Lease Cost
OperatingLeaseCost
3238000
CY2023Q3 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0
CY2022Q3 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
867000
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
867000
CY2023Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
25321000
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
31486000
CY2023Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
3376000
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
3737000
CY2023Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
23380000
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
29039000
oled Number Of Facilities
NumberOfFacilities
2
CY2023Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P7Y1M6D
CY2023Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.037
CY2023Q3 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
1049000
CY2022Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
906000
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
1040000
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
4119000
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
4155000
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
4235000
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
4317000
CY2023Q3 oled Lessee Operating Lease Liability Payments Due After Year Four
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour
12077000
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
29943000
CY2023Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
3187000
CY2023Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
26756000
CY2023Q3 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
22685000
CY2022Q4 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
31751000
CY2023Q3 oled Accrued Ppg Agreements
AccruedPpgAgreements
6090000
CY2022Q4 oled Accrued Ppg Agreements
AccruedPpgAgreements
9864000
CY2023Q3 oled Accrued Consulting Fees Current
AccruedConsultingFeesCurrent
1832000
CY2022Q4 oled Accrued Consulting Fees Current
AccruedConsultingFeesCurrent
910000
CY2023Q3 oled Accrued Research And Development Agreement Fees
AccruedResearchAndDevelopmentAgreementFees
513000
CY2022Q4 oled Accrued Research And Development Agreement Fees
AccruedResearchAndDevelopmentAgreementFees
662000
CY2023Q3 us-gaap Accrued Royalties Current
AccruedRoyaltiesCurrent
414000
CY2022Q4 us-gaap Accrued Royalties Current
AccruedRoyaltiesCurrent
877000
CY2023Q3 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
5917000
CY2022Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
6032000
CY2023Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
38500000
CY2022Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
51002000
CY2023Q3 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
23380000
CY2022Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
29039000
CY2023Q3 us-gaap Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
15749000
CY2022Q4 us-gaap Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
14592000
CY2023Q3 us-gaap Other Long Term Debt Noncurrent
OtherLongTermDebtNoncurrent
54000
CY2022Q4 us-gaap Other Long Term Debt Noncurrent
OtherLongTermDebtNoncurrent
54000
CY2023Q3 us-gaap Other Liabilities
OtherLiabilities
39183000
CY2022Q4 us-gaap Other Liabilities
OtherLiabilities
43685000
CY2023Q3 oled Long Term Purchase Commitment Percent Of Services Payable In Cash Or Shares
LongTermPurchaseCommitmentPercentOfServicesPayableInCashOrShares
0.50
us-gaap Debt Conversion Converted Instrument Shares Issued1
DebtConversionConvertedInstrumentSharesIssued1
0
CY2023Q3 oled Research And Development Expense Credit
ResearchAndDevelopmentExpenseCredit
1500000
CY2022Q3 oled Research And Development Expense Credit
ResearchAndDevelopmentExpenseCredit
2600000
oled Research And Development Expense Credit
ResearchAndDevelopmentExpenseCredit
6100000
oled Research And Development Expense Credit
ResearchAndDevelopmentExpenseCredit
4900000
CY2023Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000
CY2023Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
oled Number Of Board Members Elected By Class Shareholders
NumberOfBoardMembersElectedByClassShareholders
2
CY2023Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
200000000
CY2023Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2023Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
48720530
CY2023Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
47354882
CY2023Q3 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
0
CY2022Q3 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
0
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
0
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
0
CY2023Q3 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.35
CY2023Q3 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
16700000
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
1.05
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
50100000
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
759000
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
1500000
CY2023Q3 us-gaap Purchase Commitment Remaining Minimum Amount Committed
PurchaseCommitmentRemainingMinimumAmountCommitted
26200000
CY2022Q4 us-gaap Purchase Commitment Remaining Minimum Amount Committed
PurchaseCommitmentRemainingMinimumAmountCommitted
31900000
CY2023Q3 us-gaap Revenues
Revenues
141077000
CY2022Q3 us-gaap Revenues
Revenues
160556000
us-gaap Revenues
Revenues
418109000
us-gaap Revenues
Revenues
447587000
CY2023Q3 oled Contract Assets Recorded
ContractAssetsRecorded
-1860000
CY2023Q3 us-gaap Noncurrent Assets
NoncurrentAssets
174638000
CY2022Q4 us-gaap Noncurrent Assets
NoncurrentAssets
143445000
oled Number Of Suppliers From Which Chemical Materials Were Purchased
NumberOfSuppliersFromWhichChemicalMaterialsWerePurchased
1
CY2023Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.044
CY2022Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.237
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.168
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.227
CY2023Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2400000
CY2022Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
16600000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
28500000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
42700000
CY2023Q3 us-gaap Deferred Income Taxes And Other Tax Receivable Current
DeferredIncomeTaxesAndOtherTaxReceivableCurrent
18000000
CY2022Q4 us-gaap Prepaid Taxes
PrepaidTaxes
18800000
oled State And Foreign Income Tax Returns Subject To Examination Period Maximum
StateAndForeignIncomeTaxReturnsSubjectToExaminationPeriodMaximum
P4Y
CY2023Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
122192000
CY2023Q3 us-gaap Unbilled Receivables Current
UnbilledReceivablesCurrent
21896000
CY2023Q3 us-gaap Other Short Term Investments
OtherShortTermInvestments
2585000
CY2023Q3 us-gaap Unbilled Receivables Not Billable At Balance Sheet Date
UnbilledReceivablesNotBillableAtBalanceSheetDate
6379000
CY2023Q3 oled Unbilled Receivables Noncurrent
UnbilledReceivablesNoncurrent
9938000
CY2023Q3 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
66828000
CY2023Q3 us-gaap Deferred Revenue Noncurrent
DeferredRevenueNoncurrent
8859000
CY2023Q3 oled Backlog Associated With Committed Purchase Orders From Customers
BacklogAssociatedWithCommittedPurchaseOrdersFromCustomers
30500000
CY2022Q4 us-gaap Unbilled Contracts Receivable
UnbilledContractsReceivable
38457000
CY2022Q4 us-gaap Deferred Revenue
DeferredRevenue
63878000
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
143064000
oled Increases Due To Cash Received
IncreasesDueToCashReceived
159989000
us-gaap Contract With Customer Liability Cumulative Catch Up Adjustment To Revenue Change In Estimate Of Transaction Price
ContractWithCustomerLiabilityCumulativeCatchUpAdjustmentToRevenueChangeInEstimateOfTransactionPrice
5116000
us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
29094000
oled Transferred To Receivables From Unbilled Receivables
TransferredToReceivablesFromUnbilledReceivables
24893000
oled Unbilled Receivables Increase Decrease Net
UnbilledReceivablesIncreaseDecreaseNet
2341000
oled Net Increase Decrease In Deferred Revenue
NetIncreaseDecreaseInDeferredRevenue
-11809000
CY2023Q3 us-gaap Unbilled Contracts Receivable
UnbilledContractsReceivable
40798000
CY2023Q3 us-gaap Deferred Revenue
DeferredRevenue
75687000
CY2021Q4 us-gaap Unbilled Contracts Receivable
UnbilledContractsReceivable
8127000
CY2021Q4 us-gaap Deferred Revenue
DeferredRevenue
157081000
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
178737000
oled Increases Due To Cash Received
IncreasesDueToCashReceived
132961000
us-gaap Contract With Customer Liability Cumulative Catch Up Adjustment To Revenue Change In Estimate Of Transaction Price
ContractWithCustomerLiabilityCumulativeCatchUpAdjustmentToRevenueChangeInEstimateOfTransactionPrice
17290000
us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
5502000
oled Unbilled Receivables Increase Decrease Net
UnbilledReceivablesIncreaseDecreaseNet
5502000
oled Net Increase Decrease In Deferred Revenue
NetIncreaseDecreaseInDeferredRevenue
63066000
CY2022Q3 us-gaap Unbilled Contracts Receivable
UnbilledContractsReceivable
13629000
CY2022Q3 us-gaap Deferred Revenue
DeferredRevenue
94015000
oled Contract With Customer Liability Cumulative Catch Up Adjustment To Revenue Changes In Estimate Of Transaction Price
ContractWithCustomerLiabilityCumulativeCatchUpAdjustmentToRevenueChangesInEstimateOfTransactionPrice
5100000
oled Contract With Customer Liability Cumulative Catch Up Adjustment To Revenue Changes In Estimate Of Transaction Price
ContractWithCustomerLiabilityCumulativeCatchUpAdjustmentToRevenueChangesInEstimateOfTransactionPrice
17300000
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
51516000
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
53455000
us-gaap Net Income Loss
NetIncomeLoss
141033000
us-gaap Net Income Loss
NetIncomeLoss
144927000
CY2023Q3 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
243000
CY2022Q3 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
289000
us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
709000
us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
849000
CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
51273000
CY2022Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
53166000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
140324000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
144078000
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
47570099
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
47396495
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
47555734
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
47386426
CY2023Q3 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
499
CY2022Q3 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
729
us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
1764
us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
1814
CY2023Q3 us-gaap Incremental Common Shares Attributable To Nonvested Shares With Forfeitable Dividends
IncrementalCommonSharesAttributableToNonvestedSharesWithForfeitableDividends
61833
CY2022Q3 us-gaap Incremental Common Shares Attributable To Nonvested Shares With Forfeitable Dividends
IncrementalCommonSharesAttributableToNonvestedSharesWithForfeitableDividends
69710
us-gaap Incremental Common Shares Attributable To Nonvested Shares With Forfeitable Dividends
IncrementalCommonSharesAttributableToNonvestedSharesWithForfeitableDividends
52194
us-gaap Incremental Common Shares Attributable To Nonvested Shares With Forfeitable Dividends
IncrementalCommonSharesAttributableToNonvestedSharesWithForfeitableDividends
67653
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
47632431
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
47466934
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
47609692
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
47455893
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.08
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.12
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.95
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.04
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.08
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.12
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.95
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.04
CY2023Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
39426
CY2022Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
173707
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
34291
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
121962

Files In Submission

Name View Source Status
oled-20230930_cal.xml Edgar Link unprocessable
0000950170-23-058202-index-headers.html Edgar Link pending
0000950170-23-058202-index.html Edgar Link pending
0000950170-23-058202.txt Edgar Link pending
0000950170-23-058202-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
img34691862_0.jpg Edgar Link pending
MetaLinks.json Edgar Link pending
oled-20230930.htm Edgar Link pending
oled-20230930.xsd Edgar Link pending
oled-ex31_1.htm Edgar Link pending
oled-ex31_2.htm Edgar Link pending
oled-ex32_1.htm Edgar Link pending
oled-ex32_2.htm Edgar Link pending
R1.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
oled-20230930_def.xml Edgar Link unprocessable
oled-20230930_lab.xml Edgar Link unprocessable
oled-20230930_pre.xml Edgar Link unprocessable
oled-20230930_htm.xml Edgar Link completed
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R60.htm Edgar Link pending
R61.htm Edgar Link pending
R62.htm Edgar Link pending
R63.htm Edgar Link pending
R64.htm Edgar Link pending
R65.htm Edgar Link pending
R66.htm Edgar Link pending
R67.htm Edgar Link pending
R68.htm Edgar Link pending
R69.htm Edgar Link pending
R7.htm Edgar Link pending
R70.htm Edgar Link pending
R71.htm Edgar Link pending
R72.htm Edgar Link pending
R73.htm Edgar Link pending
R74.htm Edgar Link pending
R75.htm Edgar Link pending
R76.htm Edgar Link pending
R77.htm Edgar Link pending
R78.htm Edgar Link pending
R79.htm Edgar Link pending
R8.htm Edgar Link pending
R80.htm Edgar Link pending
R81.htm Edgar Link pending
R82.htm Edgar Link pending
R83.htm Edgar Link pending
R84.htm Edgar Link pending
R85.htm Edgar Link pending
R86.htm Edgar Link pending
R87.htm Edgar Link pending
R88.htm Edgar Link pending
R89.htm Edgar Link pending
R9.htm Edgar Link pending
R90.htm Edgar Link pending
R91.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending