$OLED
UNIVERSAL DISPLAY CORP \PA\

2014 Q2 Form 10-Q Financial Statement

#000100528414000067 Filed on August 07, 2014

View on sec.gov

Income Statement

Concept 2014 Q2 2013 Q2
Revenue $64.13M $49.36M
YoY Change 29.92% 64.6%
Cost Of Revenue $11.95M $8.282M
YoY Change 44.3% 414.09%
Gross Profit $52.18M $41.08M
YoY Change 27.02% 44.76%
Gross Profit Margin 81.36% 83.22%
Selling, General & Admin $6.545M $6.336M
YoY Change 3.3% 22.1%
% of Gross Profit 12.54% 15.42%
Research & Development $10.54M $7.316M
YoY Change 44.12% 1.11%
% of Gross Profit 20.21% 17.81%
Depreciation & Amortization $3.100M $3.300M
YoY Change -6.06% 560.0%
% of Gross Profit 5.94% 8.03%
Operating Expenses $35.29M $27.63M
YoY Change 27.73% 61.78%
Operating Profit $28.84M $21.73M
YoY Change 32.7% 68.33%
Interest Expense $21.00K $10.00K
YoY Change 110.0% -44.44%
% of Operating Profit 0.07% 0.05%
Other Income/Expense, Net
YoY Change
Pretax Income $29.01M $21.90M
YoY Change 32.47% 65.29%
Income Tax $8.588M $6.517M
% Of Pretax Income 29.6% 29.76%
Net Earnings $20.42M $15.38M
YoY Change 32.77% 40.3%
Net Earnings / Revenue 31.85% 31.16%
Basic Earnings Per Share $0.44 $0.34
Diluted Earnings Per Share $0.44 $0.33
COMMON SHARES
Basic Shares Outstanding 46.27M shares 45.86M shares
Diluted Shares Outstanding 46.61M shares 46.50M shares

Balance Sheet

Concept 2014 Q2 2013 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $290.9M $250.5M
YoY Change 16.14% -28.44%
Cash & Equivalents $75.55M $80.70M
Short-Term Investments $215.3M $169.8M
Other Short-Term Assets $13.07M $6.200M
YoY Change 110.87% 58.97%
Inventory $20.70M $8.673M
Prepaid Expenses
Receivables $20.50M $14.45M
Other Receivables $0.00 $0.00
Total Short-Term Assets $363.4M $274.1M
YoY Change 32.61% -26.35%
LONG-TERM ASSETS
Property, Plant & Equipment $16.97M $13.90M
YoY Change 22.07% 15.87%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $2.500M $5.800M
YoY Change -56.9% 383.33%
Other Assets $494.0K $275.0K
YoY Change 79.64% -8.33%
Total Long-Term Assets $124.0M $119.5M
YoY Change 3.77% 765.61%
TOTAL ASSETS
Total Short-Term Assets $363.4M $274.1M
Total Long-Term Assets $124.0M $119.5M
Total Assets $487.4M $393.5M
YoY Change 23.85% 1.97%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $12.23M $10.56M
YoY Change 15.84% 48.66%
Accrued Expenses $9.977M $7.406M
YoY Change 34.72% -6.25%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $25.74M $23.09M
YoY Change 11.48% 10.48%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $13.20M $13.10M
YoY Change 0.76% 8.26%
Total Long-Term Liabilities $13.20M $13.10M
YoY Change 0.76% 8.26%
TOTAL LIABILITIES
Total Short-Term Liabilities $25.74M $23.09M
Total Long-Term Liabilities $13.20M $13.10M
Total Liabilities $38.97M $36.20M
YoY Change 7.64% 9.7%
SHAREHOLDERS EQUITY
Retained Earnings -$105.7M -$193.6M
YoY Change -45.39%
Common Stock $469.0K $466.0K
YoY Change 0.64%
Preferred Stock
YoY Change
Treasury Stock (at cost) $17.66M $10.66M
YoY Change 65.68%
Treasury Stock Shares 636.3K shares 401.5K shares
Shareholders Equity $448.4M $357.3M
YoY Change
Total Liabilities & Shareholders Equity $487.4M $393.5M
YoY Change 23.85% 1.97%

Cashflow Statement

Concept 2014 Q2 2013 Q2
OPERATING ACTIVITIES
Net Income $20.42M $15.38M
YoY Change 32.77% 40.3%
Depreciation, Depletion And Amortization $3.100M $3.300M
YoY Change -6.06% 560.0%
Cash From Operating Activities $32.30M $26.40M
YoY Change 22.35% 135.71%
INVESTING ACTIVITIES
Capital Expenditures -$2.100M -$1.900M
YoY Change 10.53% 533.33%
Acquisitions
YoY Change
Other Investing Activities $16.30M $10.60M
YoY Change 53.77% 165.0%
Cash From Investing Activities $14.30M $8.600M
YoY Change 66.28% 132.43%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -7.000M 100.0K
YoY Change -7100.0% -80.0%
NET CHANGE
Cash From Operating Activities 32.30M 26.40M
Cash From Investing Activities 14.30M 8.600M
Cash From Financing Activities -7.000M 100.0K
Net Change In Cash 39.60M 35.10M
YoY Change 12.82% 127.92%
FREE CASH FLOW
Cash From Operating Activities $32.30M $26.40M
Capital Expenditures -$2.100M -$1.900M
Free Cash Flow $34.40M $28.30M
YoY Change 21.55% 146.09%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2014Q2 us-gaap Accounts Payable Current
AccountsPayableCurrent
12227000 USD
CY2013Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
5256000 USD
CY2013Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
15657000 USD
CY2014Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
20500000 USD
CY2014Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
9977000 USD
CY2013Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
16039000 USD
CY2013Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
22756000 USD
CY2014Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
23693000 USD
CY2013Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-4368000 USD
CY2014Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-4147000 USD
CY2013Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-5327000 USD
CY2012Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-5702000 USD
CY2014Q2 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
575454000 USD
CY2013Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
572401000 USD
us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
2600000 USD
us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
3000000 USD
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
-219000 USD
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
-269000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
5498000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
5483000 USD
CY2014Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2748000 USD
CY2013Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2700000 USD
CY2013Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
242891 shares
CY2014Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
232245 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
286225 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
227088 shares
CY2014Q2 us-gaap Assets
Assets
487369000 USD
CY2013Q4 us-gaap Assets
Assets
462754000 USD
CY2014Q2 us-gaap Assets Current
AssetsCurrent
363411000 USD
CY2013Q4 us-gaap Assets Current
AssetsCurrent
327048000 USD
CY2014Q1 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
4000000 USD
us-gaap Available For Sale Securities Change In Net Unrealized Holding Gain Loss
AvailableForSaleSecuritiesChangeInNetUnrealizedHoldingGainLoss
36000 USD
us-gaap Available For Sale Securities Change In Net Unrealized Holding Gain Loss
AvailableForSaleSecuritiesChangeInNetUnrealizedHoldingGainLoss
58000 USD
us-gaap Basis Of Accounting
BasisOfAccounting
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Interim Financial Information</font></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:justify;text-indent:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In the opinion of management, the accompanying unaudited consolidated financial statements contain all adjustments (consisting of only normal recurring adjustments) necessary to present fairly the Company&#8217;s financial position as of </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2014</font><font style="font-family:inherit;font-size:10pt;"> and results of operations for the three and six months ended </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2014</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2013</font><font style="font-family:inherit;font-size:10pt;">, and cash flows for the </font><font style="font-family:inherit;font-size:10pt;">six months ended June 30, 2014</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2013</font><font style="font-family:inherit;font-size:10pt;">. While management believes that the disclosures presented are adequate to make the information not misleading, these unaudited consolidated financial statements should be read in conjunction with the audited consolidated financial statements and the notes thereto in the Company&#8217;s latest year-end financial statements, which are included in the Company&#8217;s Annual Report on Form 10-K for the </font><font style="font-family:inherit;font-size:10pt;">year ended December 31, 2013</font><font style="font-family:inherit;font-size:10pt;">.&#160;The results of the Company&#8217;s operations for any interim period are not necessarily indicative of the results of operations for any other interim period or for the full year.</font></div></div>
CY2014Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
75554000 USD
CY2013Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
70586000 USD
CY2012Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
85923000 USD
CY2013Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
80702000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-5221000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
4968000 USD
CY2013Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2013Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2014Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2014Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000 shares
CY2013Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000 shares
CY2014Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
46899849 shares
CY2013Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
46825168 shares
CY2013Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
46825168 shares
CY2014Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
46899849 shares
CY2014Q2 us-gaap Common Stock Value
CommonStockValue
469000 USD
CY2013Q4 us-gaap Common Stock Value
CommonStockValue
468000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
24664000 USD
CY2014Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
20589000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
10999000 USD
CY2013Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
15591000 USD
us-gaap Cost Of Goods Sold
CostOfGoodsSold
11374000 USD
us-gaap Cost Of Goods Sold
CostOfGoodsSold
21848000 USD
CY2014Q2 us-gaap Cost Of Goods Sold
CostOfGoodsSold
11951000 USD
CY2013Q2 us-gaap Cost Of Goods Sold
CostOfGoodsSold
8282000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
0 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
6833000 USD
CY2013Q4 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
1910000 USD
CY2014Q2 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
3095000 USD
CY2014Q2 us-gaap Deferred Revenue Noncurrent
DeferredRevenueNoncurrent
3241000 USD
CY2013Q4 us-gaap Deferred Revenue Noncurrent
DeferredRevenueNoncurrent
2403000 USD
CY2014Q2 us-gaap Deferred Tax Assets Liabilities Net Current
DeferredTaxAssetsLiabilitiesNetCurrent
18288000 USD
CY2013Q4 us-gaap Deferred Tax Assets Liabilities Net Current
DeferredTaxAssetsLiabilitiesNetCurrent
21563000 USD
CY2013Q4 us-gaap Deferred Tax Assets Liabilities Net Noncurrent
DeferredTaxAssetsLiabilitiesNetNoncurrent
19143000 USD
CY2014Q2 us-gaap Deferred Tax Assets Liabilities Net Noncurrent
DeferredTaxAssetsLiabilitiesNetNoncurrent
15456000 USD
us-gaap Depreciation
Depreciation
985000 USD
us-gaap Depreciation
Depreciation
937000 USD
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.23
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.53
CY2014Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.44
CY2013Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.34
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.52
CY2013Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.33
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.23
CY2014Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.44
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.318
CY2014Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.296
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.289
CY2013Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.298
CY2014Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements
300000 USD
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements
4300000 USD
CY2014Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
38339000 USD
CY2013Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
32841000 USD
CY2014Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
126852000 USD
CY2013Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
94011000 USD
CY2014Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
88513000 USD
CY2014Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
29010000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
35838000 USD
CY2013Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
21899000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
14947000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
4323000 USD
CY2014Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
8588000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
11395000 USD
CY2013Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
6517000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
1914000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-186000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
4843000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
5794000 USD
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
3692000 USD
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
1376000 USD
us-gaap Increase Decrease In Finished Goods And Work In Process Inventories
IncreaseDecreaseInFinishedGoodsAndWorkInProcessInventories
10069000 USD
us-gaap Increase Decrease In Finished Goods And Work In Process Inventories
IncreaseDecreaseInFinishedGoodsAndWorkInProcessInventories
-2345000 USD
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
6451000 USD
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
2313000 USD
us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
417000 USD
us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
904000 USD
us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
-2000 USD
us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
252000 USD
CY2014Q2 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
249618 shares
CY2013Q2 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
498802 shares
us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
503908 shares
us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
262434 shares
CY2014Q2 us-gaap Incremental Common Shares Attributable To Nonvested Shares With Forfeitable Dividends
IncrementalCommonSharesAttributableToNonvestedSharesWithForfeitableDividends
98966 shares
us-gaap Incremental Common Shares Attributable To Nonvested Shares With Forfeitable Dividends
IncrementalCommonSharesAttributableToNonvestedSharesWithForfeitableDividends
148402 shares
CY2013Q2 us-gaap Incremental Common Shares Attributable To Nonvested Shares With Forfeitable Dividends
IncrementalCommonSharesAttributableToNonvestedSharesWithForfeitableDividends
138032 shares
us-gaap Incremental Common Shares Attributable To Nonvested Shares With Forfeitable Dividends
IncrementalCommonSharesAttributableToNonvestedSharesWithForfeitableDividends
178186 shares
CY2014Q2 us-gaap Interest Expense
InterestExpense
21000 USD
us-gaap Interest Expense
InterestExpense
37000 USD
CY2013Q2 us-gaap Interest Expense
InterestExpense
10000 USD
us-gaap Interest Expense
InterestExpense
18000 USD
CY2014Q2 us-gaap Inventory Finished Goods
InventoryFinishedGoods
20664000 USD
CY2013Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
10595000 USD
CY2013Q2 us-gaap Investment Income Interest
InvestmentIncomeInterest
178000 USD
us-gaap Investment Income Interest
InvestmentIncomeInterest
411000 USD
us-gaap Investment Income Interest
InvestmentIncomeInterest
388000 USD
CY2014Q2 us-gaap Investment Income Interest
InvestmentIncomeInterest
193000 USD
CY2013Q4 us-gaap Investments
Investments
209441000 USD
CY2014Q2 us-gaap Investments
Investments
217853000 USD
CY2014Q2 us-gaap Liabilities
Liabilities
38965000 USD
CY2013Q4 us-gaap Liabilities
Liabilities
35068000 USD
CY2013Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
462754000 USD
CY2014Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
487369000 USD
CY2014Q2 us-gaap Liabilities Current
LiabilitiesCurrent
25740000 USD
CY2013Q4 us-gaap Liabilities Current
LiabilitiesCurrent
23229000 USD
CY2013Q2 us-gaap License Costs
LicenseCosts
4522000 USD
us-gaap License Costs
LicenseCosts
9139000 USD
CY2014Q2 us-gaap License Costs
LicenseCosts
4748000 USD
us-gaap License Costs
LicenseCosts
8721000 USD
CY2014Q2 us-gaap Long Term Investments
LongTermInvestments
2522000 USD
CY2013Q4 us-gaap Long Term Investments
LongTermInvestments
7417000 USD
us-gaap Nature Of Operations
NatureOfOperations
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:right;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;text-align:-moz-right;" align="right"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="2" rowspan="1"></td></tr><tr><td width="3%" rowspan="1" colspan="1"></td><td width="97%" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">1.</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">BUSINESS:</font></div></td></tr></table></div></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:justify;text-indent:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Universal Display Corporation (the Company) is a leader in the research, development and commercialization of organic light emitting diode (OLED) technologies and materials.&#160;OLEDs are thin, lightweight and power-efficient solid-state devices that emit light, 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.&#160;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.&#160;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.&#160;The Company's technology leadership and intellectual property position should enable it to share in the revenues from OLED displays and lighting products as they enter mainstream consumer and other markets. </font></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:justify;text-indent:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company's primary business strategy is to (1) further develop and license its proprietary OLED technologies to manufacturers of products for display applications, such as cell phones, portable media devices, wearables, tablets, laptop computers and televisions, and specialty and general lighting products;&#160;and (2) develop new OLED materials and sell the materials to those product manufacturers.&#160;Through the Company's internal research and development efforts, its relationships with world-class partners such as Princeton University (Princeton), the University of Southern California (USC), the University of Michigan (Michigan) and PPG Industries, Inc. (PPG Industries), and acquisitions of patents and patent applications, the Company has established a significant portfolio of proprietary OLED technologies and materials.&#160;The Company currently owns, exclusively licenses or has the sole right to sublicense more than </font><font style="font-family:inherit;font-size:10pt;">3,000</font><font style="font-family:inherit;font-size:10pt;"> patents issued and pending worldwide.</font></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:justify;text-indent:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company sells its proprietary OLED materials to customers for evaluation and use in commercial OLED products.&#160;The Company also enters into agreements with manufacturers of OLED display and lighting products under which it grants them licenses to practice under its patents and to use the Company's proprietary know-how.&#160;At the same time, the Company works with these and other companies who are evaluating the Company's OLED technologies and materials for possible use in commercial OLED display and lighting products.</font></div></div>
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-9004000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-7993000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-12763000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-11036000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
25008000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
15535000 USD
us-gaap Net Income Loss
NetIncomeLoss
10624000 USD
CY2014Q2 us-gaap Net Income Loss
NetIncomeLoss
20422000 USD
us-gaap Net Income Loss
NetIncomeLoss
24443000 USD
CY2013Q2 us-gaap Net Income Loss
NetIncomeLoss
15382000 USD
CY2014Q2 us-gaap Noncurrent Assets
NoncurrentAssets
16973000 USD
CY2013Q4 us-gaap Noncurrent Assets
NoncurrentAssets
14893000 USD
us-gaap Operating Expenses
OperatingExpenses
66501000 USD
CY2013Q2 us-gaap Operating Expenses
OperatingExpenses
27628000 USD
CY2014Q2 us-gaap Operating Expenses
OperatingExpenses
35289000 USD
us-gaap Operating Expenses
OperatingExpenses
49758000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
14577000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
35464000 USD
CY2013Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
21731000 USD
CY2014Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
28838000 USD
CY2013Q4 us-gaap Other Assets Current
OtherAssetsCurrent
6623000 USD
CY2014Q2 us-gaap Other Assets Current
OtherAssetsCurrent
13074000 USD
CY2013Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
242000 USD
CY2014Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
494000 USD
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
292000 USD
CY2013Q2 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
146000 USD
CY2014Q2 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
142000 USD
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
184000 USD
CY2014Q2 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditTax
52000 USD
us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditTax
108000 USD
us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditTax
0 USD
CY2013Q2 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditTax
0 USD
us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
36000 USD
us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
37000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
221000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
375000 USD
CY2014Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
167000 USD
CY2013Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
209000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-184000 USD
CY2014Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-142000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-339000 USD
CY2013Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-170000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
0 USD
CY2014Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
0 USD
CY2013Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
0 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
0 USD
CY2013Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax
-24000 USD
CY2014Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax
0 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax
0 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax
-47000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
37000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
36000 USD
CY2014Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
25000 USD
CY2013Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
39000 USD
CY2014Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
6000 USD
CY2013Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
0 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
21000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
0 USD
CY2013Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
24000 USD
CY2014Q2 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
441000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
7000000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
5456000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
2985000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
2830000 USD
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
0 USD
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
107000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2951000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2435000 USD
us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
183688000 USD
us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
185314000 USD
us-gaap Pension And Other Postretirement Benefit Expense
PensionAndOtherPostretirementBenefitExpense
838000 USD
us-gaap Pension And Other Postretirement Benefit Expense
PensionAndOtherPostretirementBenefitExpense
834000 USD
CY2013Q4 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
9436000 USD
CY2014Q2 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
9984000 USD
CY2013Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2014Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2014Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000 shares
CY2013Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000 shares
CY2014Q2 us-gaap Preferred Stock Value
PreferredStockValue
2000 USD
CY2013Q4 us-gaap Preferred Stock Value
PreferredStockValue
2000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
162000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
177000 USD
us-gaap Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
175603000 USD
us-gaap Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
175093000 USD
CY2013Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
14893000 USD
CY2014Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
16973000 USD
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-339000 USD
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-184000 USD
us-gaap Recognition Of Deferred Revenue
RecognitionOfDeferredRevenue
1669000 USD
us-gaap Recognition Of Deferred Revenue
RecognitionOfDeferredRevenue
1835000 USD
CY2013Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
7316000 USD
CY2014Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
10544000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
16254000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
20700000 USD
CY2013Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-130159000 USD
CY2014Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-105716000 USD
CY2014Q2 us-gaap Revenues
Revenues
64127000 USD
CY2013Q2 us-gaap Revenues
Revenues
49359000 USD
us-gaap Revenues
Revenues
101965000 USD
us-gaap Revenues
Revenues
64335000 USD
CY2013Q2 us-gaap Royalty Expense
RoyaltyExpense
1172000 USD
us-gaap Royalty Expense
RoyaltyExpense
1484000 USD
us-gaap Royalty Expense
RoyaltyExpense
2257000 USD
CY2014Q2 us-gaap Royalty Expense
RoyaltyExpense
1501000 USD
CY2014Q2 us-gaap Royalty Revenue
RoyaltyRevenue
28064000 USD
us-gaap Royalty Revenue
RoyaltyRevenue
22500000 USD
us-gaap Royalty Revenue
RoyaltyRevenue
29843000 USD
CY2013Q2 us-gaap Royalty Revenue
RoyaltyRevenue
21201000 USD
CY2013Q2 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
27137000 USD
CY2014Q2 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
35926000 USD
us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
39889000 USD
us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
71252000 USD
CY2013Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
6336000 USD
CY2014Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
6545000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
12975000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
11507000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
3526000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
2935000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Period1
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1
P2Y
CY2014Q2 us-gaap Short Term Investments
ShortTermInvestments
215331000 USD
CY2013Q4 us-gaap Short Term Investments
ShortTermInvestments
202024000 USD
us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
162000 USD
us-gaap Stock Issued During Period Value Share Based Compensation Gross
StockIssuedDuringPeriodValueShareBasedCompensationGross
664000 USD
CY2014Q2 us-gaap Stock Repurchase Program Authorized Amount
StockRepurchaseProgramAuthorizedAmount
50000000 USD
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
7000000 USD
CY2014Q2 us-gaap Stockholders Equity
StockholdersEquity
448404000 USD
CY2013Q4 us-gaap Stockholders Equity
StockholdersEquity
427686000 USD
CY2014Q2 us-gaap Taxes Other
TaxesOther
3000000 USD
us-gaap Taxes Other
TaxesOther
3200000 USD
us-gaap Taxes Other
TaxesOther
125000 USD
CY2013Q2 us-gaap Taxes Other
TaxesOther
30000 USD
us-gaap Technology Services Revenue
TechnologyServicesRevenue
870000 USD
CY2013Q2 us-gaap Technology Services Revenue
TechnologyServicesRevenue
1021000 USD
CY2014Q2 us-gaap Technology Services Revenue
TechnologyServicesRevenue
137000 USD
us-gaap Technology Services Revenue
TechnologyServicesRevenue
1946000 USD
CY2013Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
401501 shares
CY2014Q2 us-gaap Treasury Stock Shares
TreasuryStockShares
636301 shares
CY2014Q2 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
234800 shares
CY2013Q4 us-gaap Treasury Stock Value
TreasuryStockValue
10658000 USD
CY2014Q2 us-gaap Treasury Stock Value
TreasuryStockValue
17658000 USD
CY2013 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
7000000 USD
us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Management&#8217;s Use of Estimates</font></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:justify;text-indent:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with U.S.&#160;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 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>
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
46523540 shares
CY2014Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
46614726 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
46632982 shares
CY2013Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
46496120 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
45841446 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
46222146 shares
CY2013Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
45859286 shares
CY2014Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
46266142 shares
CY2013Q4 panl Deferred Revenue Under License Agreements Not Yet Executed Or Deemed Effective
DeferredRevenueUnderLicenseAgreementsNotYetExecutedOrDeemedEffective
0 USD
CY2014Q2 panl Deferred Revenue Under License Agreements Not Yet Executed Or Deemed Effective
DeferredRevenueUnderLicenseAgreementsNotYetExecutedOrDeemedEffective
6300000 USD
CY2013Q4 panl Investments Amortized Cost Basis
InvestmentsAmortizedCostBasis
209470000 USD
CY2014Q2 panl Investments Amortized Cost Basis
InvestmentsAmortizedCostBasis
217824000 USD
CY2013Q4 panl Investments Gross Unrealized Gains
InvestmentsGrossUnrealizedGains
35000 USD
CY2014Q2 panl Investments Gross Unrealized Gains
InvestmentsGrossUnrealizedGains
47000 USD
CY2013Q4 panl Investments Gross Unrealized Losses
InvestmentsGrossUnrealizedLosses
64000 USD
CY2014Q2 panl Investments Gross Unrealized Losses
InvestmentsGrossUnrealizedLosses
18000 USD
CY2014Q2 panl Issuance Of Common Stock In Connection With Materials And License Agreements Shares
IssuanceOfCommonStockInConnectionWithMaterialsAndLicenseAgreementsShares
0 shares
panl Issuance Of Common Stock In Connection With Materials And License Agreements Shares
IssuanceOfCommonStockInConnectionWithMaterialsAndLicenseAgreementsShares
0 shares
panl Issuance Of Common Stock In Connection With Materials And License Agreements Shares
IssuanceOfCommonStockInConnectionWithMaterialsAndLicenseAgreementsShares
0 shares
CY2013Q2 panl Issuance Of Common Stock In Connection With Materials And License Agreements Shares
IssuanceOfCommonStockInConnectionWithMaterialsAndLicenseAgreementsShares
0 shares
panl Issuance Of Common Stock To Board Of Directors And Scientific Advisory Board Value
IssuanceOfCommonStockToBoardOfDirectorsAndScientificAdvisoryBoardValue
786000 USD
panl License Fee Agreement Termof Agreement
LicenseFeeAgreementTermofAgreement
P6Y4M24D
CY2014Q2 panl Long Term Purchase Commitment Percent Of Services Payable In Cash Or Shares
LongTermPurchaseCommitmentPercentOfServicesPayableInCashOrShares
0.5
CY2014Q2 panl Number Of Patents Issued And Pending Application
NumberOfPatentsIssuedAndPendingApplication
3000
CY2014Q2 panl Opponentsin Legal Case
OpponentsinLegalCase
3 participant
panl Proceeds From Stock Options And Warrants Exercised
ProceedsFromStockOptionsAndWarrantsExercised
664000 USD
panl Proceeds From Stock Options And Warrants Exercised
ProceedsFromStockOptionsAndWarrantsExercised
271000 USD
panl Stock Based Compensation To Board Of Directors And Scientific Advisory Board
StockBasedCompensationToBoardOfDirectorsAndScientificAdvisoryBoard
394000 USD
panl Stock Based Compensation To Board Of Directors And Scientific Advisory Board
StockBasedCompensationToBoardOfDirectorsAndScientificAdvisoryBoard
463000 USD
panl Stock Issued During Period Value Share Based Compensation Net Of Shares Witthheld For Employee Taxes
StockIssuedDuringPeriodValueShareBasedCompensationNetOfSharesWitthheldForEmployeeTaxes
4272000 USD
panl Stock Issued During Period Value Share Based Compensation Shares Withheldfor Employee Taxes
StockIssuedDuringPeriodValueShareBasedCompensationSharesWithheldforEmployeeTaxes
-2830000 USD
CY2014Q2 panl Stock Repurchase Program Authorized Period In Force
StockRepurchaseProgramAuthorizedPeriodInForce
P12M
panl 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
Q2
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
dei Document Period End Date
DocumentPeriodEndDate
2014-06-30
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0001005284
CY2014Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
46463695 shares
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Entity Registrant Name
EntityRegistrantName
UNIVERSAL DISPLAY CORP \PA\

Files In Submission

Name View Source Status
0001005284-14-000067-index-headers.html Edgar Link pending
0001005284-14-000067-index.html Edgar Link pending
0001005284-14-000067.txt Edgar Link pending
0001005284-14-000067-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
Financial_Report.xlsx Edgar Link pending
oled201410-q2.htm Edgar Link pending
panl-20140630.xml Edgar Link completed
panl-20140630.xsd Edgar Link pending
panl-20140630_cal.xml Edgar Link unprocessable
panl-20140630_def.xml Edgar Link unprocessable
panl-20140630_lab.xml Edgar Link unprocessable
panl-20140630_pre.xml Edgar Link unprocessable
q22014ex31-1.htm Edgar Link pending
q22014ex31-2.htm Edgar Link pending
q22014ex32-1.htm Edgar Link pending
q22014ex32-2.htm Edgar Link pending
R1.htm Edgar Link pending
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
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
univdisplaya02a01.jpg Edgar Link pending