2013 Q4 Form 10-Q Financial Statement
#000100528413000066 Filed on November 07, 2013
Income Statement
Concept | 2013 Q4 | 2013 Q3 | 2012 Q4 |
---|---|---|---|
Revenue | $49.48M | $32.83M | $28.13M |
YoY Change | 75.87% | 162.52% | 50.77% |
Cost Of Revenue | $8.900M | $9.783M | $1.500M |
YoY Change | 493.33% | 794.24% | -6.25% |
Gross Profit | $40.60M | $23.04M | $26.60M |
YoY Change | 52.63% | 101.95% | 55.56% |
Gross Profit Margin | 82.06% | 70.2% | 94.55% |
Selling, General & Admin | $11.10M | $6.411M | $10.30M |
YoY Change | 7.77% | 21.54% | 35.53% |
% of Gross Profit | 27.34% | 27.82% | 38.72% |
Research & Development | $10.10M | $7.862M | $8.000M |
YoY Change | 26.25% | -3.85% | 35.59% |
% of Gross Profit | 24.88% | 34.12% | 30.08% |
Depreciation & Amortization | $3.300M | $3.200M | $3.400M |
YoY Change | -2.94% | 23.08% | 750.0% |
% of Gross Profit | 8.13% | 13.89% | 12.78% |
Operating Expenses | $21.20M | $28.58M | $18.30M |
YoY Change | 15.85% | 53.94% | 35.56% |
Operating Profit | $19.40M | $4.247M | $8.300M |
YoY Change | 133.73% | -170.07% | 130.56% |
Interest Expense | $200.0K | $13.00K | $200.0K |
YoY Change | 0.0% | 160.0% | -33.33% |
% of Operating Profit | 1.03% | 0.31% | 2.41% |
Other Income/Expense, Net | |||
YoY Change | |||
Pretax Income | $19.60M | $4.440M | $8.600M |
YoY Change | 127.91% | -176.63% | 120.51% |
Income Tax | -$38.30M | -$1.102M | $3.200M |
% Of Pretax Income | -195.41% | -24.82% | 37.21% |
Net Earnings | $57.89M | $5.542M | $5.385M |
YoY Change | 974.95% | -201.35% | -6.09% |
Net Earnings / Revenue | 116.99% | 16.88% | 19.14% |
Basic Earnings Per Share | $1.26 | $0.12 | $0.12 |
Diluted Earnings Per Share | $1.24 | $0.12 | $0.12 |
COMMON SHARES | |||
Basic Shares Outstanding | 46.28M shares | 45.91M shares | |
Diluted Shares Outstanding | 46.59M shares |
Balance Sheet
Concept | 2013 Q4 | 2013 Q3 | 2012 Q4 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $272.6M | $256.2M | $245.2M |
YoY Change | 11.17% | 7.31% | -29.15% |
Cash & Equivalents | $70.59M | $67.09M | $85.92M |
Short-Term Investments | $202.0M | $189.2M | $159.3M |
Other Short-Term Assets | $6.623M | $6.400M | $3.918M |
YoY Change | 69.04% | 45.45% | 138.18% |
Inventory | $10.60M | $7.852M | $11.02M |
Prepaid Expenses | |||
Receivables | $15.66M | $17.79M | $8.657M |
Other Receivables | $0.00 | $0.00 | $0.00 |
Total Short-Term Assets | $327.0M | $280.3M | $267.5M |
YoY Change | 22.24% | 7.6% | -26.15% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $14.89M | $14.70M | $11.81M |
YoY Change | 26.13% | 25.62% | 8.49% |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | $7.400M | $8.000M | $1.300M |
YoY Change | 469.23% | 566.67% | |
Other Assets | $242.0K | $282.0K | $277.0K |
YoY Change | -12.64% | -6.0% | -7.36% |
Total Long-Term Assets | $135.7M | $119.7M | $118.0M |
YoY Change | 15.03% | -0.65% | 919.35% |
TOTAL ASSETS | |||
Total Short-Term Assets | $327.0M | $280.3M | $267.5M |
Total Long-Term Assets | $135.7M | $119.7M | $118.0M |
Total Assets | $462.8M | $400.0M | $385.5M |
YoY Change | 20.03% | 4.99% | 3.11% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $5.256M | $8.042M | $7.596M |
YoY Change | -30.81% | 46.22% | 59.05% |
Accrued Expenses | $16.04M | $9.661M | $10.39M |
YoY Change | 54.31% | 5.01% | 15.23% |
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 | $23.23M | $21.40M | $22.30M |
YoY Change | 4.17% | 6.48% | 14.25% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Other Long-Term Liabilities | $11.80M | $13.20M | $13.00M |
YoY Change | -9.23% | 10.0% | 7.44% |
Total Long-Term Liabilities | $11.80M | $13.20M | $13.00M |
YoY Change | -9.23% | 10.0% | 7.44% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $23.23M | $21.40M | $22.30M |
Total Long-Term Liabilities | $11.80M | $13.20M | $13.00M |
Total Liabilities | $35.07M | $34.57M | $35.29M |
YoY Change | -0.63% | 7.7% | 11.49% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$130.2M | -$188.0M | -$204.2M |
YoY Change | -36.26% | -4.52% | |
Common Stock | $468.0K | $467.0K | $465.0K |
YoY Change | 0.65% | 0.87% | |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | $10.66M | $10.66M | $5.202M |
YoY Change | 104.88% | ||
Treasury Stock Shares | 401.5K shares | 401.5K shares | 205.9K shares |
Shareholders Equity | $427.7M | $365.4M | $350.2M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $462.8M | $400.0M | $385.5M |
YoY Change | 20.03% | 4.99% | 3.11% |
Cashflow Statement
Concept | 2013 Q4 | 2013 Q3 | 2012 Q4 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | $57.89M | $5.542M | $5.385M |
YoY Change | 974.95% | -201.35% | -6.09% |
Depreciation, Depletion And Amortization | $3.300M | $3.200M | $3.400M |
YoY Change | -2.94% | 23.08% | 750.0% |
Cash From Operating Activities | $22.40M | $7.100M | $10.60M |
YoY Change | 111.32% | -455.0% | 23.26% |
INVESTING ACTIVITIES | |||
Capital Expenditures | -$500.0K | -$2.100M | -$400.0K |
YoY Change | 25.0% | -98.08% | -20.0% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | -$20.10M | -$19.40M | $6.600M |
YoY Change | -404.55% | -174.33% | -82.07% |
Cash From Investing Activities | -$20.70M | -$21.30M | $6.100M |
YoY Change | -439.34% | -74.4% | -83.24% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 1.800M | 700.0K | -4.900M |
YoY Change | -136.73% | -450.0% | 1125.0% |
NET CHANGE | |||
Cash From Operating Activities | 22.40M | 7.100M | 10.60M |
Cash From Investing Activities | -20.70M | -21.30M | 6.100M |
Cash From Financing Activities | 1.800M | 700.0K | -4.900M |
Net Change In Cash | 3.500M | -13.50M | 11.80M |
YoY Change | -70.34% | -84.19% | -73.54% |
FREE CASH FLOW | |||
Cash From Operating Activities | $22.40M | $7.100M | $10.60M |
Capital Expenditures | -$500.0K | -$2.100M | -$400.0K |
Free Cash Flow | $22.90M | $9.200M | $11.00M |
YoY Change | 108.18% | -91.43% | 20.88% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2013Q3 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
8042000 | USD |
CY2012Q4 | us-gaap |
Accounts Payable Current
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|
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Accounts Receivable Net Current
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|
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CY2013Q3 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
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CY2013Q3 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
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CY2012Q4 | us-gaap |
Accrued Liabilities Current
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|
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|
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Accumulated Other Comprehensive Income Loss Net Of Tax
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|
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Accumulated Other Comprehensive Income Loss Net Of Tax
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|
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Additional Paid In Capital
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|
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Additional Paid In Capital
AdditionalPaidInCapital
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Adjustments Related To Tax Withholding For Share Based Compensation
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|
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Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
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Amortization Of Debt Discount Premium
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Amortization Of Intangible Assets
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|
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Amortization Of Intangible Assets
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|
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Assets
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Assets Current
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|
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Available For Sale Debt Securities Amortized Cost Basis
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Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
|
189201000 | USD |
us-gaap |
Available For Sale Securities Change In Net Unrealized Holding Gain Loss
AvailableForSaleSecuritiesChangeInNetUnrealizedHoldingGainLoss
|
-19000 | USD | |
us-gaap |
Available For Sale Securities Change In Net Unrealized Holding Gain Loss
AvailableForSaleSecuritiesChangeInNetUnrealizedHoldingGainLoss
|
-16000 | USD | |
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Available For Sale Securities Debt Securities Current
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|
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CY2013Q3 | us-gaap |
Available For Sale Securities Debt Securities Current
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|
189164000 | USD |
CY2012Q4 | us-gaap |
Available For Sale Securities Gross Unrealized Losses1
AvailableForSaleSecuritiesGrossUnrealizedLosses1
|
30000 | USD |
CY2013Q3 | us-gaap |
Available For Sale Securities Gross Unrealized Losses1
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|
54000 | USD |
CY2012Q4 | us-gaap |
Availableforsale Securities Gross Unrealized Gain
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|
12000 | USD |
CY2013Q3 | us-gaap |
Availableforsale Securities Gross Unrealized Gain
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|
17000 | USD |
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Cash And Cash Equivalents At Carrying Value
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|
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Common Stock Par Or Stated Value Per Share
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|
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Common Stock Par Or Stated Value Per Share
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|
0.01 | |
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Common Stock Shares Authorized
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Common Stock Shares Authorized
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Common Stock Value
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|
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CY2013Q3 | us-gaap |
Common Stock Value
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|
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us-gaap |
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|
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|
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Comprehensive Income Net Of Tax
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|
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Comprehensive Income Net Of Tax
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|
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|
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Earnings Per Share Basic
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|
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Earnings Per Share Basic
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|
0.35 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.09 | ||
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Earnings Per Share Basic
EarningsPerShareBasic
|
-0.12 | |
us-gaap |
Earnings Per Share Diluted
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|
0.09 | ||
us-gaap |
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|
0.35 | ||
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|
0.12 | |
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-0.12 | |
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|
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|
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|
4300000 | USD |
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Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
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4300000 | USD |
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Finite Lived Intangible Assets Accumulated Amortization
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|
21868000 | USD |
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|
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Finite Lived Intangible Assets Net
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Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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|
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Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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|
19387000 | USD | |
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Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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|
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Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
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us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
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Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
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Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
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us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
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|
265000 | USD | |
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
1538000 | USD | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-2856000 | USD | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
9128000 | USD | |
us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
1627000 | USD | |
us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
2131000 | USD | |
us-gaap |
Increase Decrease In Finished Goods And Work In Process Inventories
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|
-3166000 | USD | |
us-gaap |
Increase Decrease In Finished Goods And Work In Process Inventories
IncreaseDecreaseInFinishedGoodsAndWorkInProcessInventories
|
5608000 | USD | |
us-gaap |
Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
|
2745000 | USD | |
us-gaap |
Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
|
2458000 | USD | |
us-gaap |
Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
|
-3000 | USD | |
us-gaap |
Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
|
-21000 | USD | |
us-gaap |
Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
|
5000 | USD | |
us-gaap |
Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
|
-37000 | USD | |
us-gaap |
Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
|
500749 | shares | |
us-gaap |
Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
|
701351 | shares | |
CY2012Q3 | us-gaap |
Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
|
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CY2013Q3 | us-gaap |
Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
|
494536 | shares |
us-gaap |
Incremental Common Shares Attributable To Nonvested Shares With Forfeitable Dividends
IncrementalCommonSharesAttributableToNonvestedSharesWithForfeitableDividends
|
294670 | shares | |
us-gaap |
Incremental Common Shares Attributable To Nonvested Shares With Forfeitable Dividends
IncrementalCommonSharesAttributableToNonvestedSharesWithForfeitableDividends
|
181424 | shares | |
CY2013Q3 | us-gaap |
Incremental Common Shares Attributable To Nonvested Shares With Forfeitable Dividends
IncrementalCommonSharesAttributableToNonvestedSharesWithForfeitableDividends
|
187795 | shares |
CY2012Q3 | us-gaap |
Incremental Common Shares Attributable To Nonvested Shares With Forfeitable Dividends
IncrementalCommonSharesAttributableToNonvestedSharesWithForfeitableDividends
|
0 | shares |
us-gaap |
Interest Expense
InterestExpense
|
43000 | USD | |
CY2012Q3 | us-gaap |
Interest Expense
InterestExpense
|
5000 | USD |
CY2013Q3 | us-gaap |
Interest Expense
InterestExpense
|
13000 | USD |
us-gaap |
Interest Expense
InterestExpense
|
31000 | USD | |
CY2012Q4 | us-gaap |
Inventory Net
InventoryNet
|
11018000 | USD |
CY2013Q3 | us-gaap |
Inventory Net
InventoryNet
|
7852000 | USD |
CY2013Q3 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
206000 | USD |
us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
594000 | USD | |
us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
986000 | USD | |
CY2012Q3 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
272000 | USD |
CY2012Q4 | us-gaap |
Liabilities
Liabilities
|
35289000 | USD |
CY2013Q3 | us-gaap |
Liabilities
Liabilities
|
34572000 | USD |
CY2012Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
385524000 | USD |
CY2013Q3 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
400021000 | USD |
CY2013Q3 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
21402000 | USD |
CY2012Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
22299000 | USD |
CY2013Q3 | us-gaap |
License Costs
LicenseCosts
|
3899000 | USD |
CY2012Q3 | us-gaap |
License Costs
LicenseCosts
|
3736000 | USD |
us-gaap |
License Costs
LicenseCosts
|
7859000 | USD | |
us-gaap |
License Costs
LicenseCosts
|
13038000 | USD | |
CY2012Q4 | us-gaap |
Long Term Investments
LongTermInvestments
|
1270000 | USD |
CY2013Q3 | us-gaap |
Long Term Investments
LongTermInvestments
|
7971000 | USD |
us-gaap |
Nature Of Operations
NatureOfOperations
|
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">BACKGROUND</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Universal Display Corporation (the Company) is engaged in the research, development and commercialization of organic light emitting diode (OLED) technologies and materials for use in displays for smartphones, tablets and televisions as well as solid-state lighting applications. The Company’s primary business strategy is to develop and license its proprietary OLED technologies to product manufacturers for use in these applications. In support of this objective, the Company also develops new OLED materials and sells those materials to product manufacturers. Through internal research and development efforts and acquisitions from and relationships with entities such as Princeton University (Princeton), the University of Southern California (USC), the University of Michigan (Michigan), FUJIFILM Corporation (Fujifilm), Motorola Solutions, Inc. (f/k/a Motorola, Inc.) (Motorola) and PPG Industries, Inc. (PPG Industries), the Company has established a significant portfolio of proprietary OLED technologies and materials (see Notes 5, 6 and 7).</font></div></div> | ||
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-2569000 | USD | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-7288000 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-42212000 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-34126000 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
7179000 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
22576000 | USD | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
4275000 | USD | |
CY2012Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-5468000 | USD |
CY2013Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
5542000 | USD |
us-gaap |
Net Income Loss
NetIncomeLoss
|
16166000 | USD | |
CY2013Q3 | us-gaap |
Noncurrent Assets
NoncurrentAssets
|
14698000 | USD |
CY2012Q4 | us-gaap |
Noncurrent Assets
NoncurrentAssets
|
11808000 | USD |
us-gaap |
Operating Expenses
OperatingExpenses
|
49806000 | USD | |
CY2013Q3 | us-gaap |
Operating Expenses
OperatingExpenses
|
28579000 | USD |
us-gaap |
Operating Expenses
OperatingExpenses
|
78337000 | USD | |
CY2012Q3 | us-gaap |
Operating Expenses
OperatingExpenses
|
18565000 | USD |
CY2013Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
4247000 | USD |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
5305000 | USD | |
CY2012Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-6061000 | USD |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
18824000 | USD | |
CY2013Q3 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
282000 | USD |
CY2012Q4 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
277000 | USD |
CY2013Q3 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
115000 | USD |
us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
461000 | USD | |
CY2012Q3 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
203000 | USD |
us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
489000 | USD | |
CY2013Q3 | us-gaap |
Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
|
-169000 | USD |
us-gaap |
Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
|
-445000 | USD | |
us-gaap |
Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
|
-508000 | USD | |
CY2012Q3 | us-gaap |
Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
|
-148000 | USD |
us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
16000 | USD | |
us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
-19000 | USD | |
CY2012Q3 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
55000 | USD |
CY2013Q3 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
-54000 | USD |
CY2012Q4 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
36000 | USD |
CY2013Q3 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
15000 | USD |
us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
0 | USD | |
us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
5456000 | USD | |
us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
2990000 | USD | |
us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
4136000 | USD | |
us-gaap |
Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
|
109102000 | USD | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
4200000 | USD | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
2278000 | USD | |
us-gaap |
Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
|
209244000 | USD | |
us-gaap |
Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
|
284581000 | USD | |
us-gaap |
Pension And Other Postretirement Benefit Expense
PensionAndOtherPostretirementBenefitExpense
|
1165000 | USD | |
us-gaap |
Pension And Other Postretirement Benefit Expense
PensionAndOtherPostretirementBenefitExpense
|
1250000 | USD | |
CY2012Q4 | us-gaap |
Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
|
9837000 | USD |
CY2013Q3 | us-gaap |
Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
|
10579000 | USD |
CY2013Q3 | us-gaap |
Preferred Stock Liquidation Preference
PreferredStockLiquidationPreference
|
7.50 | |
CY2012Q4 | us-gaap |
Preferred Stock Liquidation Preference
PreferredStockLiquidationPreference
|
7.50 | |
CY2012Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.01 | |
CY2013Q3 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.01 | |
CY2013Q3 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
5000000 | shares |
CY2012Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
5000000 | shares |
CY2012Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
200000 | shares |
CY2013Q3 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
200000 | shares |
CY2012Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
200000 | shares |
CY2013Q3 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
200000 | shares |
CY2012Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
2000 | USD |
CY2013Q3 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
2000 | USD |
CY2013Q3 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
6387000 | USD |
CY2012Q4 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
3929000 | USD |
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
268000 | USD | |
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
244000 | USD | |
us-gaap |
Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
|
255022000 | USD | |
us-gaap |
Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
|
278412000 | USD | |
CY2012Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
11808000 | USD |
CY2013Q3 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
14698000 | USD |
us-gaap |
Recognition Of Deferred Revenue
RecognitionOfDeferredRevenue
|
2685000 | USD | |
us-gaap |
Recognition Of Deferred Revenue
RecognitionOfDeferredRevenue
|
3282000 | USD | |
CY2013Q3 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
7862000 | USD |
us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
22074000 | USD | |
us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
24116000 | USD | |
CY2012Q3 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
8177000 | USD |
CY2012Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-204211000 | USD |
CY2013Q3 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-188045000 | USD |
CY2013Q3 | us-gaap |
Revenues
Revenues
|
32826000 | USD |
us-gaap |
Revenues
Revenues
|
55111000 | USD | |
CY2012Q3 | us-gaap |
Revenues
Revenues
|
12504000 | USD |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
3111000 | USD | |
CY2013Q3 | us-gaap |
Short Term Investments
ShortTermInvestments
|
181193000 | USD |
CY2012Q4 | us-gaap |
Short Term Investments
ShortTermInvestments
|
158018000 | USD |
us-gaap |
Royalty Expense
RoyaltyExpense
|
2108000 | USD | |
CY2012Q3 | us-gaap |
Royalty Expense
RoyaltyExpense
|
283000 | USD |
CY2013Q3 | us-gaap |
Royalty Expense
RoyaltyExpense
|
624000 | USD |
us-gaap |
Revenues
Revenues
|
97161000 | USD | |
CY2012Q3 | us-gaap |
Royalty Revenue
RoyaltyRevenue
|
396000 | USD |
CY2013Q3 | us-gaap |
Sales Revenue Goods Net
SalesRevenueGoodsNet
|
30286000 | USD |
CY2012Q3 | us-gaap |
Sales Revenue Goods Net
SalesRevenueGoodsNet
|
10984000 | USD |
us-gaap |
Sales Revenue Goods Net
SalesRevenueGoodsNet
|
70175000 | USD | |
us-gaap |
Sales Revenue Goods Net
SalesRevenueGoodsNet
|
34361000 | USD | |
us-gaap |
Royalty Expense
RoyaltyExpense
|
1319000 | USD | |
us-gaap |
Royalty Revenue
RoyaltyRevenue
|
16253000 | USD | |
us-gaap |
Royalty Revenue
RoyaltyRevenue
|
23956000 | USD | |
CY2013Q3 | us-gaap |
Royalty Revenue
RoyaltyRevenue
|
1456000 | USD |
us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
17918000 | USD | |
CY2013Q3 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
6411000 | USD |
us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
14761000 | USD | |
CY2012Q3 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
5275000 | USD |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
4514000 | USD | |
us-gaap |
Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
|
268000 | USD | |
us-gaap |
Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
|
5456000 | USD | |
CY2012Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
350235000 | USD |
CY2013Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
365449000 | USD |
us-gaap |
Technology Services Revenue
TechnologyServicesRevenue
|
3030000 | USD | |
CY2012Q3 | us-gaap |
Technology Services Revenue
TechnologyServicesRevenue
|
1124000 | USD |
us-gaap |
Technology Services Revenue
TechnologyServicesRevenue
|
4497000 | USD | |
CY2013Q3 | us-gaap |
Technology Services Revenue
TechnologyServicesRevenue
|
1084000 | USD |
CY2012Q4 | us-gaap |
Treasury Stock Shares
TreasuryStockShares
|
205902 | shares |
CY2013Q3 | us-gaap |
Treasury Stock Shares
TreasuryStockShares
|
401501 | shares |
CY2013Q3 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
10658000 | USD |
CY2012Q4 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
5202000 | USD |
CY2013Q3 | us-gaap |
Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
|
0 | USD |
us-gaap |
Use Of Estimates
UseOfEstimates
|
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Management’s Use of Estimates</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with U.S. generally accepted accounting principles 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 for license agreements, the useful life of acquired technology, the valuation of the Company's convertible promissory note investments, income taxes including realization of deferred tax assets, stock-based compensation and retirement benefit plan liabilities. Actual results could differ from those estimates.</font></div></div> | ||
CY2012Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
46006290 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
46547568 | shares | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
46912557 | shares | |
CY2013Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
46594843 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
45916536 | shares | |
CY2012Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
46006290 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
45865395 | shares | |
CY2013Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
45912512 | shares |
oled |
Common Stock Issued To Board Of Directors And Scientific Advisory Board That Was Earned In Previous Period
CommonStockIssuedToBoardOfDirectorsAndScientificAdvisoryBoardThatWasEarnedInPreviousPeriod
|
300000 | USD | |
oled |
Common Stock Issued To Board Of Directors And Scientific Advisory Board That Was Earned In Previous Period
CommonStockIssuedToBoardOfDirectorsAndScientificAdvisoryBoardThatWasEarnedInPreviousPeriod
|
328000 | USD | |
oled |
Common Stock Issued To Employees That Was Accrued For In Previous Period Net Of Shares Withheld For Taxes
CommonStockIssuedToEmployeesThatWasAccruedForInPreviousPeriodNetOfSharesWithheldForTaxes
|
252000 | USD | |
oled |
Common Stock Issued To Employees That Was Accrued For In Previous Period Net Of Shares Withheld For Taxes
CommonStockIssuedToEmployeesThatWasAccruedForInPreviousPeriodNetOfSharesWithheldForTaxes
|
282000 | USD | |
CY2011Q3 | oled |
Companies Filing Notices Of Opposition To Patent
CompaniesFilingNoticesOfOppositionToPatent
|
3 | company |
oled |
Companies Filing Notices Of Opposition To Patent
CompaniesFilingNoticesOfOppositionToPatent
|
3 | company | |
CY2010Q2 | oled |
Companies Filing Notices Of Opposition To Patent
CompaniesFilingNoticesOfOppositionToPatent
|
5 | company |
CY2013Q3 | oled |
Deferred Revenue Under License Agreements Not Yet Executed Or Deemed Effective
DeferredRevenueUnderLicenseAgreementsNotYetExecutedOrDeemedEffective
|
1500000 | USD |
CY2013Q3 | oled |
Discreteincometaxitems
Discreteincometaxitems
|
225000 | USD |
oled |
Exercise Of Common Stock Options And Warrants Net Of Tendered Shares Value
ExerciseOfCommonStockOptionsAndWarrantsNetOfTenderedSharesValue
|
890000 | USD | |
oled |
Issuance Of Common Stock To Board Of Directors And Scientific Advisory Board Shares Earned In Prior Period
IssuanceOfCommonStockToBoardOfDirectorsAndScientificAdvisoryBoardSharesEarnedInPriorPeriod
|
9212 | shares | |
oled |
Issuance Of Common Stock To Board Of Directors And Scientific Advisory Board Value
IssuanceOfCommonStockToBoardOfDirectorsAndScientificAdvisoryBoardValue
|
898000 | USD | |
oled |
Issuance Of Common Stock To Board Of Directors And Scientific Advisory Board Value Earned In Prior Period
IssuanceOfCommonStockToBoardOfDirectorsAndScientificAdvisoryBoardValueEarnedInPriorPeriod
|
300000 | USD | |
CY2012Q3 | oled |
Joint Development Agreement Annual Commitment
JointDevelopmentAgreementAnnualCommitment
|
1000000.0 | USD |
CY2012Q3 | oled |
Joint Development Agreement Commitment Period
JointDevelopmentAgreementCommitmentPeriod
|
P3Y | |
CY2013Q3 | oled |
Long Term Purchase Commitment Percent Of Services Payable In Cash Or Shares
LongTermPurchaseCommitmentPercentOfServicesPayableInCashOrShares
|
0.5 | |
CY2010Q2 | oled |
Notices Of Patent Invalidation Trials
NoticesOfPatentInvalidationTrials
|
2 | notice_of_invalidation |
CY2013Q3 | oled |
Number Of Patents Issued And Pending Application
NumberOfPatentsIssuedAndPendingApplication
|
3000 | |
oled |
Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
|
-19000 | USD | |
CY2012Q4 | oled |
Preferred Stock Liquidation Value
PreferredStockLiquidationValue
|
1500000 | USD |
CY2013Q3 | oled |
Preferred Stock Liquidation Value
PreferredStockLiquidationValue
|
1500000 | USD |
oled |
Proceeds From Stock Options And Warrants Exercised
ProceedsFromStockOptionsAndWarrantsExercised
|
1323000 | USD | |
oled |
Proceeds From Stock Options And Warrants Exercised
ProceedsFromStockOptionsAndWarrantsExercised
|
890000 | USD | |
oled |
Property Equipment And Intangible Assets Incurred But Not Yet Paid
PropertyEquipmentAndIntangibleAssetsIncurredButNotYetPaid
|
184000 | USD | |
oled |
Property Equipment And Intangible Assets Incurred But Not Yet Paid
PropertyEquipmentAndIntangibleAssetsIncurredButNotYetPaid
|
0 | USD | |
oled |
Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
|
-508000 | USD | |
oled |
Shares Issued To Employees Shares Earned In Prior Period
SharesIssuedToEmployeesSharesEarnedInPriorPeriod
|
13356 | shares | |
oled |
Shares Issued To Employees Value Earned In Prior Period
SharesIssuedToEmployeesValueEarnedInPriorPeriod
|
435000 | USD | |
oled |
Shares Withheld For Tax Withholding Obligations Shares Earned In Prior Period
SharesWithheldForTaxWithholdingObligationsSharesEarnedInPriorPeriod
|
4672 | shares | |
oled |
Shares Withheld For Tax Withholding Obligations Value Earned In Prior Period
SharesWithheldForTaxWithholdingObligationsValueEarnedInPriorPeriod
|
153000 | USD | |
oled |
Stock Based Compensation To Board Of Directors And Scientific Advisory Board
StockBasedCompensationToBoardOfDirectorsAndScientificAdvisoryBoard
|
648000 | USD | |
oled |
Stock Based Compensation To Board Of Directors And Scientific Advisory Board
StockBasedCompensationToBoardOfDirectorsAndScientificAdvisoryBoard
|
597000 | USD | |
oled |
Stock Issued During Period Value Share Based Compensation Net Of Shares Withheld For Employee Taxes
StockIssuedDuringPeriodValueShareBasedCompensationNetOfSharesWithheldForEmployeeTaxes
|
1959000 | USD | |
oled |
Withholding Tax Rate For Royalty Payments
WithholdingTaxRateForRoyaltyPayments
|
0.165 | ||
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
|
2013-09-30 | ||
dei |
Document Type
DocumentType
|
10-Q | ||
dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001005284 | ||
CY2013Q4 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
46283339 | shares |
dei |
Entity Filer Category
EntityFilerCategory
|
Large Accelerated Filer | ||
dei |
Entity Registrant Name
EntityRegistrantName
|
UNIVERSAL DISPLAY CORP \PA\ |