$OLED
UNIVERSAL DISPLAY CORP \PA\

2011 Q4 Form 10-K Financial Statement

#000144530513000361 Filed on February 27, 2013

View on sec.gov

Income Statement

Concept 2011 Q4 2011 Q3 2011 Q2
Revenue $18.66M $21.78M $11.25M
YoY Change 72.77% 206.72% 33.95%
Cost Of Revenue $1.600M $2.900M $400.0K
YoY Change 166.67% 480.0% 0.0%
Gross Profit $17.10M $18.90M $10.90M
YoY Change 67.65% 190.77% 34.57%
Gross Profit Margin 91.64% 86.79% 96.87%
Selling, General & Admin $7.600M $6.900M $6.400M
YoY Change 58.33% 50.0% 42.22%
% of Gross Profit 44.44% 36.51% 58.72%
Research & Development $5.900M $6.100M $5.600M
YoY Change 5.36% 5.17% 1.82%
% of Gross Profit 34.5% 32.28% 51.38%
Depreciation & Amortization $400.0K $400.0K $300.0K
YoY Change 0.0% -50.0% -62.5%
% of Gross Profit 2.34% 2.12% 2.75%
Operating Expenses $13.50M $12.90M $11.90M
YoY Change 29.81% 24.04% 19.0%
Operating Profit $3.600M $6.000M -$1.000M
YoY Change -1900.0% -253.85% -47.37%
Interest Expense $300.0K $600.0K $4.700M
YoY Change -106.25% -118.18% -288.0%
% of Operating Profit 8.33% 10.0%
Other Income/Expense, Net
YoY Change
Pretax Income $3.900M $6.500M $3.600M
YoY Change -178.0% -190.28% -181.82%
Income Tax -$1.800M $500.0K $300.0K
% Of Pretax Income -46.15% 7.69% 8.33%
Net Earnings $5.734M $5.989M $3.313M
YoY Change -208.19% -183.18% -175.3%
Net Earnings / Revenue 30.73% 27.5% 29.44%
Basic Earnings Per Share $0.13 $0.13 $0.07
Diluted Earnings Per Share $0.12 $0.12 -$0.03
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2011 Q4 2011 Q3 2011 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $346.1M $338.0M $326.4M
YoY Change 372.81% 420.0% 393.8%
Cash & Equivalents $111.8M $67.10M $65.20M
Short-Term Investments $234.3M $270.8M $261.2M
Other Short-Term Assets $1.645M $1.700M $2.800M
YoY Change -17.75% 183.33% 460.0%
Inventory $3.800M $2.200M
Prepaid Expenses
Receivables $10.73M $11.80M $6.500M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $362.3M $353.7M $335.8M
YoY Change 339.69% 403.13% 376.99%
LONG-TERM ASSETS
Property, Plant & Equipment $10.88M $10.80M $10.50M
YoY Change 12.21% 2.94%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $0.00
YoY Change
Other Assets $299.0K $300.0K $300.0K
YoY Change 49.5% 0.0% 0.0%
Total Long-Term Assets $11.57M $11.50M $11.20M
YoY Change 16.9% 12.75% 2.75%
TOTAL ASSETS
Total Short-Term Assets $362.3M $353.7M $335.8M
Total Long-Term Assets $11.57M $11.50M $11.20M
Total Assets $373.9M $365.2M $347.0M
YoY Change 305.07% 353.66% 326.81%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.776M $5.800M $3.200M
YoY Change 117.09% 262.5% 88.24%
Accrued Expenses $9.020M $6.500M $5.700M
YoY Change 30.72% 14.04% 29.55%
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 $19.52M $18.20M $18.20M
YoY Change -21.93% -12.08% 65.45%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $12.10M $11.10M $11.00M
YoY Change 22.22% 24.72% -24.14%
Total Long-Term Liabilities $12.10M $11.10M $11.00M
YoY Change 22.22% 24.72% -24.14%
TOTAL LIABILITIES
Total Short-Term Liabilities $19.52M $18.20M $18.20M
Total Long-Term Liabilities $12.10M $11.10M $11.00M
Total Liabilities $31.65M $29.30M $29.20M
YoY Change -9.31% -1.01% 14.51%
SHAREHOLDERS EQUITY
Retained Earnings -$213.9M
YoY Change
Common Stock $461.0K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $0.00
YoY Change
Treasury Stock Shares
Shareholders Equity $342.2M $335.9M $317.8M
YoY Change
Total Liabilities & Shareholders Equity $373.9M $365.2M $347.0M
YoY Change 305.07% 353.66% 326.81%

Cashflow Statement

Concept 2011 Q4 2011 Q3 2011 Q2
OPERATING ACTIVITIES
Net Income $5.734M $5.989M $3.313M
YoY Change -208.19% -183.18% -175.3%
Depreciation, Depletion And Amortization $400.0K $400.0K $300.0K
YoY Change 0.0% -50.0% -62.5%
Cash From Operating Activities $8.600M $6.000M $200.0K
YoY Change 975.0% -372.73% -108.33%
INVESTING ACTIVITIES
Capital Expenditures -$500.0K -$700.0K -$1.000M
YoY Change 150.0% 600.0%
Acquisitions
YoY Change
Other Investing Activities $36.80M -$9.100M -$194.4M
YoY Change 820.0% 279.17% -16300.0%
Cash From Investing Activities $36.40M -$9.800M -$195.5M
YoY Change 833.33% 308.33% -17872.73%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -400.0K 5.800M 2.400M
YoY Change -105.33% 427.27% -55.56%
NET CHANGE
Cash From Operating Activities 8.600M 6.000M 200.0K
Cash From Investing Activities 36.40M -9.800M -195.5M
Cash From Financing Activities -400.0K 5.800M 2.400M
Net Change In Cash 44.60M 2.000M -192.9M
YoY Change 265.57% -157.14% -4804.88%
FREE CASH FLOW
Cash From Operating Activities $8.600M $6.000M $200.0K
Capital Expenditures -$500.0K -$700.0K -$1.000M
Free Cash Flow $9.100M $6.700M $1.200M
YoY Change 810.0% -419.05% -150.0%

Facts In Submission

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<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-style:italic;font-weight:bold;">Stock Warrant Liability</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;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company had warrants to purchase shares of common stock outstanding containing a &#8220;down-round&#8221; provision.&#160;&#160;In accordance with the guidance in Accounting Standards Codification (ASC) 815, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Derivatives and Hedging</font><font style="font-family:inherit;font-size:10pt;">, the fair value of these warrants was required to be reported as a liability, with the changes of fair value recorded on the statement of operations.&#160;&#160;The change in fair value of these warrants resulted in a non-cash loss on the Company&#8217;s consolidated statement of operations of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$4.2 million</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$10.1 million</font><font style="font-family:inherit;font-size:10pt;"> for the years ended December 31, 2011 and 2010, respectively. In 2011, all remaining outstanding stock warrants to purchase shares of the Company&#8217;s common stock were exercised.</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;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The fair value of the stock warrant liability was determined using the Black-Scholes option pricing model as noted above in &#8220;Fair Value Measurements.&#8221;</font></div></div>
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0.063
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EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.048
CY2011 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.120
CY2011 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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0.148
CY2012 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.316
CY2010 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.101
CY2012 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
EffectiveIncomeTaxRateReconciliationTaxCreditsResearch
0.000
CY2010 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
EffectiveIncomeTaxRateReconciliationTaxCreditsResearch
0.043
CY2011 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
EffectiveIncomeTaxRateReconciliationTaxCreditsResearch
-0.347
CY2010 us-gaap Entity Wide Disclosure On Geographic Areas Revenue From External Customers Attributed To Entitys Country Of Domicile
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5370000 USD
CY2011 us-gaap Entity Wide Disclosure On Geographic Areas Revenue From External Customers Attributed To Entitys Country Of Domicile
EntityWideDisclosureOnGeographicAreasRevenueFromExternalCustomersAttributedToEntitysCountryOfDomicile
6842000 USD
CY2012 us-gaap Entity Wide Disclosure On Geographic Areas Revenue From External Customers Attributed To Entitys Country Of Domicile
EntityWideDisclosureOnGeographicAreasRevenueFromExternalCustomersAttributedToEntitysCountryOfDomicile
3893000 USD
CY2011 us-gaap Entity Wide Disclosure On Geographic Areas Revenue From External Customers Attributed To Foreign Countries
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54447000 USD
CY2012 us-gaap Entity Wide Disclosure On Geographic Areas Revenue From External Customers Attributed To Foreign Countries
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79351000 USD
CY2010 us-gaap Entity Wide Disclosure On Geographic Areas Revenue From External Customers Attributed To Foreign Countries
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25175000 USD
CY2012 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Purchases
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4300000 USD
CY2012Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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21868000 USD
CY2011Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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16999000 USD
CY2012Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
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49779000 USD
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10969000 USD
CY2012Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
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10969000 USD
CY2012Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
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10969000 USD
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10969000 USD
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10969000 USD
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17390000 USD
CY2012Q4 us-gaap Finite Lived Intangible Assets Gross
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126492000 USD
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104624000 USD
CY2011Q4 us-gaap Finite Lived Intangible Assets Net
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391000 USD
CY2012 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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20069000 USD
CY2010 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
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CY2011 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
3729000 USD
CY2010 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
-28000 USD
CY2012 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
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CY2011 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
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CY2010 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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CY2012 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
14868000 USD
CY2011 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
2441000 USD
CY2012 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
5208000 USD
CY2011 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2010 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2011 us-gaap Income Tax Expense Benefit Continuing Operations
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CY2010 us-gaap Income Tax Expense Benefit Continuing Operations
IncomeTaxExpenseBenefitContinuingOperations
-134000 USD
CY2012 us-gaap Income Tax Expense Benefit Continuing Operations
IncomeTaxExpenseBenefitContinuingOperations
5208000 USD
CY2010 us-gaap Income Taxes Paid
IncomeTaxesPaid
330000 USD
CY2011 us-gaap Income Taxes Paid
IncomeTaxesPaid
2000000 USD
CY2012 us-gaap Income Taxes Paid
IncomeTaxesPaid
5300000 USD
CY2011 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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6775000 USD
CY2012 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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4718000 USD
CY2010 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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2388000 USD
CY2011 us-gaap Increase Decrease In Accounts Receivable
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3479000 USD
CY2012 us-gaap Increase Decrease In Accounts Receivable
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-2070000 USD
CY2012 us-gaap Increase Decrease In Deferred Revenue
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3303000 USD
CY2010 us-gaap Increase Decrease In Accounts Receivable
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3903000 USD
CY2011 us-gaap Increase Decrease In Deferred Revenue
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4585000 USD
CY2010 us-gaap Increase Decrease In Deferred Revenue
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2711000 USD
CY2011 us-gaap Increase Decrease In Finished Goods And Work In Process Inventories
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3841000 USD
CY2012 us-gaap Increase Decrease In Finished Goods And Work In Process Inventories
IncreaseDecreaseInFinishedGoodsAndWorkInProcessInventories
7175000 USD
CY2010 us-gaap Increase Decrease In Finished Goods And Work In Process Inventories
IncreaseDecreaseInFinishedGoodsAndWorkInProcessInventories
2000 USD
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2284000 USD
CY2011 us-gaap Increase Decrease In Other Current Assets
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-341000 USD
CY2010 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
1575000 USD
CY2010 us-gaap Increase Decrease In Other Current Liabilities
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0 USD
CY2012 us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
11000 USD
CY2011 us-gaap Increase Decrease In Other Current Liabilities
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23000 USD
CY2012 us-gaap Increase Decrease In Other Noncurrent Assets
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-22000 USD
CY2010 us-gaap Increase Decrease In Other Noncurrent Assets
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-11000 USD
CY2011 us-gaap Increase Decrease In Other Noncurrent Assets
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82000 USD
CY2010 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
0 shares
CY2012 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
648661 shares
CY2011 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
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CY2012 us-gaap Incremental Common Shares Attributable To Nonvested Shares With Forfeitable Dividends
IncrementalCommonSharesAttributableToNonvestedSharesWithForfeitableDividends
283665 shares
CY2010 us-gaap Incremental Common Shares Attributable To Nonvested Shares With Forfeitable Dividends
IncrementalCommonSharesAttributableToNonvestedSharesWithForfeitableDividends
0 shares
CY2011 us-gaap Incremental Common Shares Attributable To Nonvested Shares With Forfeitable Dividends
IncrementalCommonSharesAttributableToNonvestedSharesWithForfeitableDividends
445623 shares
CY2012 us-gaap Interest Expense
InterestExpense
48000 USD
CY2011 us-gaap Interest Expense
InterestExpense
50000 USD
CY2010 us-gaap Interest Expense
InterestExpense
27000 USD
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3843000 USD
CY2012Q4 us-gaap Inventory Finished Goods
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11018000 USD
CY2010 us-gaap Investment Income Interest
InvestmentIncomeInterest
279000 USD
CY2011 us-gaap Investment Income Interest
InvestmentIncomeInterest
994000 USD
CY2012 us-gaap Investment Income Interest
InvestmentIncomeInterest
1240000 USD
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159288000 USD
CY2011 us-gaap Issuance Of Stock And Warrants For Services Or Claims
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6000 USD
CY2010 us-gaap Issuance Of Stock And Warrants For Services Or Claims
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47000 USD
CY2012 us-gaap Issuance Of Stock And Warrants For Services Or Claims
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0 USD
CY2011Q4 us-gaap Liabilities
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31651000 USD
CY2012Q4 us-gaap Liabilities
Liabilities
35289000 USD
CY2012Q4 us-gaap Liabilities And Stockholders Equity
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385524000 USD
CY2011Q4 us-gaap Liabilities And Stockholders Equity
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373878000 USD
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22299000 USD
CY2011Q4 us-gaap Liabilities Current
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19517000 USD
CY2010 us-gaap License Costs
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4271000 USD
CY2012 us-gaap License Costs
LicenseCosts
13385000 USD
CY2011 us-gaap License Costs
LicenseCosts
7442000 USD
CY2012Q4 us-gaap Long Term Investments
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1270000 USD
CY2011Q4 us-gaap Long Term Investments
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0 USD
CY2012 us-gaap Net Cash Provided By Used In Financing Activities
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CY2010 us-gaap Net Cash Provided By Used In Financing Activities
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13698000 USD
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CY2010 us-gaap Net Cash Provided By Used In Investing Activities
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CY2012 us-gaap Net Cash Provided By Used In Investing Activities
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17754000 USD
CY2010 us-gaap Net Cash Provided By Used In Operating Activities
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-4200000 USD
CY2011 us-gaap Net Cash Provided By Used In Operating Activities
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16409000 USD
CY2010 us-gaap Net Income Loss
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CY2012 us-gaap Net Income Loss
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9660000 USD
CY2011 us-gaap Net Income Loss
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3155000 USD
CY2012Q1 us-gaap Net Income Loss
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CY2012Q4 us-gaap Net Income Loss
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5385000 USD
CY2012 us-gaap Nature Of Operations
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><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="13%" rowspan="1" colspan="1"></td><td width="87%" 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%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Universal Display Corporation (Company) is engaged in the research, development and commercialization of organic light emitting diode (OLED) technologies and materials for use in flat panel display, solid-state lighting and other product applications. The Company&#8217;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, 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 3, 5 and 7).</font></div></div>
CY2011 us-gaap Net Cash Provided By Used In Financing Activities
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258806000 USD
CY2012Q3 us-gaap Net Income Loss
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CY2012Q2 us-gaap Net Income Loss
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10964000 USD
CY2011Q2 us-gaap Net Income Loss
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3313000 USD
CY2011Q1 us-gaap Net Income Loss
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CY2011Q3 us-gaap Net Income Loss
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5989000 USD
CY2011Q4 us-gaap Net Income Loss
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5734000 USD
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116432000 USD
CY2011Q4 us-gaap Noncurrent Assets
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11275000 USD
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69568000 USD
CY2010 us-gaap Operating Expenses
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40771000 USD
CY2011 us-gaap Operating Expenses
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55602000 USD
CY2012 us-gaap Operating Income Loss
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13676000 USD
CY2011 us-gaap Operating Income Loss
OperatingIncomeLoss
5687000 USD
CY2010 us-gaap Operating Income Loss
OperatingIncomeLoss
-10226000 USD
CY2012Q4 us-gaap Operating Loss Carryforwards
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244418000 USD
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360000 USD
CY2011Q4 us-gaap Other Accrued Liabilities Current
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566000 USD
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1645000 USD
CY2012Q4 us-gaap Other Assets Current
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3929000 USD
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277000 USD
CY2011Q4 us-gaap Other Assets Noncurrent
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299000 USD
CY2011 us-gaap Other Comprehensive Income Defined Benefit Plan Net Prior Service Costs Credit Arising During Period Net Of Tax
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0 USD
CY2012 us-gaap Other Comprehensive Income Defined Benefit Plan Net Prior Service Costs Credit Arising During Period Net Of Tax
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0 USD
CY2010 us-gaap Other Comprehensive Income Defined Benefit Plan Net Prior Service Costs Credit Arising During Period Net Of Tax
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5611000 USD
CY2011 us-gaap Other Comprehensive Income Loss Amortization Pension And Other Postretirement Benefit Plans Net Prior Service Cost Recognized In Net Periodic Pension Cost Net Of Tax
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-600000 USD
CY2012 us-gaap Other Comprehensive Income Loss Amortization Pension And Other Postretirement Benefit Plans Net Prior Service Cost Recognized In Net Periodic Pension Cost Net Of Tax
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-628000 USD
CY2010 us-gaap Other Comprehensive Income Loss Amortization Pension And Other Postretirement Benefit Plans Net Prior Service Cost Recognized In Net Periodic Pension Cost Net Of Tax
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-438000 USD
CY2012 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
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-31000 USD
CY2010 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-11000 USD
CY2011 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
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-1000 USD
CY2010 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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CY2012 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
155000 USD
CY2011 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
181000 USD
CY2010 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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6052000 USD
CY2012 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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-186000 USD
CY2011 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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-182000 USD
CY2012 us-gaap Other Comprehensive Income Reclassification Of Defined Benefit Plans Net Gain Loss Recognized In Net Periodic Benefit Cost Net Of Tax
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-442000 USD
CY2011 us-gaap Other Comprehensive Income Reclassification Of Defined Benefit Plans Net Gain Loss Recognized In Net Periodic Benefit Cost Net Of Tax
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-418000 USD
CY2010 us-gaap Other Comprehensive Income Reclassification Of Defined Benefit Plans Net Gain Loss Recognized In Net Periodic Benefit Cost Net Of Tax
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-879000 USD
CY2011 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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-1000 USD
CY2012 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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CY2010 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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-11000 USD
CY2011Q4 us-gaap Other Liabilities Current
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187000 USD
CY2012Q4 us-gaap Other Liabilities Current
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36000 USD
CY2011 us-gaap Other Noncash Expense
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9000 USD
CY2012 us-gaap Other Noncash Expense
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0 USD
CY2010 us-gaap Other Noncash Expense
OtherNoncashExpense
1173000 USD
CY2011 us-gaap Payments For Repurchase Of Common Stock
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0 USD
CY2012 us-gaap Payments For Repurchase Of Common Stock
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5202000 USD
CY2010 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 USD
CY2010 us-gaap Payments Related To Tax Withholding For Share Based Compensation
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1167000 USD
CY2012 us-gaap Payments Related To Tax Withholding For Share Based Compensation
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4142000 USD
CY2011 us-gaap Payments Related To Tax Withholding For Share Based Compensation
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4473000 USD
CY2011 us-gaap Payments To Acquire Intangible Assets
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440000 USD
CY2012 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
109102000 USD
CY2010 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
0 USD
CY2011 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2624000 USD
CY2010 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
369000 USD
CY2012 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2737000 USD
CY2010 us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
91394000 USD
CY2011 us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
337442000 USD
CY2012 us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
304500000 USD
CY2011 us-gaap Pension And Other Postretirement Benefit Expense
PensionAndOtherPostretirementBenefitExpense
1527000 USD
CY2012 us-gaap Pension And Other Postretirement Benefit Expense
PensionAndOtherPostretirementBenefitExpense
1600000 USD
CY2010 us-gaap Pension And Other Postretirement Benefit Expense
PensionAndOtherPostretirementBenefitExpense
1026000 USD
CY2011Q4 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
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8260000 USD
CY2012Q4 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
9837000 USD
CY2011Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2012Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2012Q4 us-gaap Preferred Stock Shares Authorized
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5000000 shares
CY2011Q4 us-gaap Preferred Stock Shares Authorized
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5000000 shares
CY2012Q4 us-gaap Preferred Stock Value
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2000 USD
CY2011Q4 us-gaap Preferred Stock Value
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2000 USD
CY2011 us-gaap Proceeds From Issuance Of Common Stock
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249936000 USD
CY2012 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
321000 USD
CY2010 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
246000 USD
CY2012 us-gaap Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
380253000 USD
CY2010 us-gaap Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
79933000 USD
CY2011 us-gaap Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
156717000 USD
CY2010 us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
9500000 USD
CY2011 us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
7400000 USD
CY2010 us-gaap Research And Development Expense Excluding Acquired In Process Cost
ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost
16194000 USD
CY2012 us-gaap Research And Development Expense Excluding Acquired In Process Cost
ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost
21381000 USD
CY2011Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
29619000 USD
CY2012Q4 us-gaap Property Plant And Equipment Gross
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32521000 USD
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CY2010 us-gaap Recognition Of Deferred Revenue
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CY2012 us-gaap Recognition Of Deferred Revenue
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ResearchAndDevelopmentExpense
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CY2011 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
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CY2012 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
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Revenues
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CY2010 us-gaap Revenues
Revenues
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CY2012 us-gaap Revenues
Revenues
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CY2012Q4 us-gaap Revenues
Revenues
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CY2012Q1 us-gaap Revenues
Revenues
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CY2012Q3 us-gaap Revenues
Revenues
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CY2011Q3 us-gaap Revenues
Revenues
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CY2011Q2 us-gaap Revenues
Revenues
11252000 USD
CY2011Q1 us-gaap Revenues
Revenues
9601000 USD
CY2011Q4 us-gaap Revenues
Revenues
18659000 USD
CY2010 us-gaap Royalty Expense
RoyaltyExpense
876000 USD
CY2012 us-gaap Royalty Expense
RoyaltyExpense
2073000 USD
CY2011 us-gaap Royalty Expense
RoyaltyExpense
1360000 USD
CY2011 us-gaap Royalty Revenue
RoyaltyRevenue
15345000 USD
CY2010 us-gaap Royalty Revenue
RoyaltyRevenue
4606000 USD
CY2012 us-gaap Royalty Revenue
RoyaltyRevenue
31698000 USD
CY2012 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
44472000 USD
CY2010 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
17272000 USD
CY2011 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
37444000 USD
CY2010 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
13041000 USD
CY2011 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
18940000 USD
CY2012 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
19550000 USD
CY2011 us-gaap Share Based Compensation
ShareBasedCompensation
4373000 USD
CY2010 us-gaap Share Based Compensation
ShareBasedCompensation
4554000 USD
CY2012 us-gaap Share Based Compensation
ShareBasedCompensation
4263000 USD
CY2012 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Lower Range Limit
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeLowerRangeLimit
5.91
CY2012Q4 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Outstanding Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions
828230 shares
CY2012 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Upper Range Limit
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeUpperRangeLimit
18.34
CY2010 us-gaap Share Based Goods And Nonemployee Services Transaction Stockholders Equity
ShareBasedGoodsAndNonemployeeServicesTransactionStockholdersEquity
47000 USD
CY2011 us-gaap Share Based Goods And Nonemployee Services Transaction Stockholders Equity
ShareBasedGoodsAndNonemployeeServicesTransactionStockholdersEquity
7000 USD
CY2012Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
11628000 USD
CY2012Q4 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Exercise Price Beginning Balance1
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageExercisePriceBeginningBalance1
11.58
CY2011Q4 us-gaap Short Term Investments
ShortTermInvestments
234294000 USD
CY2012Q4 us-gaap Short Term Investments
ShortTermInvestments
158018000 USD
CY2012 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
321000 USD
CY2010 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
245000 USD
CY2011 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
307000 USD
CY2011 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
249629000 USD
CY2012Q4 us-gaap Stock Repurchase Program Authorized Amount
StockRepurchaseProgramAuthorizedAmount
50000000 USD
CY2012 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
5202000 USD
CY2011Q4 us-gaap Stockholders Equity
StockholdersEquity
342227000 USD
CY2012Q4 us-gaap Stockholders Equity
StockholdersEquity
350235000 USD
CY2008Q4 us-gaap Stockholders Equity
StockholdersEquity
57430000 USD
CY2009Q4 us-gaap Stockholders Equity
StockholdersEquity
59627000 USD
CY2012Q4 us-gaap Tax Credit Carryforward Deferred Tax Asset
TaxCreditCarryforwardDeferredTaxAsset
18612000 USD
CY2011Q4 us-gaap Tax Credit Carryforward Deferred Tax Asset
TaxCreditCarryforwardDeferredTaxAsset
12359000 USD
CY2011 us-gaap Technology Services Revenue
TechnologyServicesRevenue
8500000 USD
CY2010 us-gaap Technology Services Revenue
TechnologyServicesRevenue
8667000 USD
CY2012 us-gaap Technology Services Revenue
TechnologyServicesRevenue
7074000 USD
CY2012Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
205902 shares
CY2012 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
205902 shares
CY2012Q4 us-gaap Treasury Stock Value
TreasuryStockValue
5202000 USD
CY2011Q4 us-gaap Treasury Stock Value
TreasuryStockValue
0 USD
CY2012 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
5200000 USD
CY2012Q4 us-gaap Unbilled Receivables Current
UnbilledReceivablesCurrent
308000 USD
CY2011Q4 us-gaap Unbilled Receivables Current
UnbilledReceivablesCurrent
870000 USD
CY2011 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-4190000 USD
CY2010 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-10077000 USD
CY2012 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
0 USD
CY2012 us-gaap Use Of Estimates
UseOfEstimates
<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;">Management&#8217;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;text-indent:48px;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 area of revenue recognition for license agreements, useful life of acquired technology, stock-based compensation and the valuation of stock warrant and retirement benefit plan liabilities. Actual results could differ from those estimates.</font></div></div>
CY2012 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
-5000000 USD
CY2010 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
9500000 USD
CY2011 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
-5600000 USD
CY2010 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
37567374 shares
CY2011 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
45140394 shares
CY2012 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
46883602 shares
CY2012 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
45951276 shares
CY2011 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
43737968 shares
CY2010 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
37567374 shares
CY2012Q4 panl Accrued Consulting Fees Current
AccruedConsultingFeesCurrent
337000 USD
CY2011Q4 panl Accrued Consulting Fees Current
AccruedConsultingFeesCurrent
339000 USD
CY2011Q4 panl Accrued Research And Development Agreement Fees
AccruedResearchAndDevelopmentAgreementFees
546000 USD
CY2012Q4 panl Accrued Research And Development Agreement Fees
AccruedResearchAndDevelopmentAgreementFees
1130000 USD
CY2010 panl Common Stock From Warrant Exercises
CommonStockFromWarrantExercises
677826 shares
CY2011 panl Common Stock From Warrant Exercises
CommonStockFromWarrantExercises
586972 shares
panl Companies Filing Notices Of Opposition To Patent
CompaniesFilingNoticesOfOppositionToPatent
3 company
CY2010Q2 panl Companies Filing Notices Of Opposition To Patent
CompaniesFilingNoticesOfOppositionToPatent
5 company
CY2012Q4 panl Deferred Revenue Under License Agreements Not Yet Executed Or Deemed Effective
DeferredRevenueUnderLicenseAgreementsNotYetExecutedOrDeemedEffective
1500000 USD
CY2012Q4 panl Deferred Tax Assets Capitalized Research Expenditures
DeferredTaxAssetsCapitalizedResearchExpenditures
2009000 USD
CY2011Q4 panl Deferred Tax Assets Capitalized Research Expenditures
DeferredTaxAssetsCapitalizedResearchExpenditures
976000 USD
CY2012Q4 panl Deferred Tax Assets Capitalized Technology License
DeferredTaxAssetsCapitalizedTechnologyLicense
2525000 USD
CY2011Q4 panl Deferred Tax Assets Capitalized Technology License
DeferredTaxAssetsCapitalizedTechnologyLicense
3352000 USD
CY2011Q4 panl Deferred Tax Assets Retirement Plan
DeferredTaxAssetsRetirementPlan
3364000 USD
CY2012Q4 panl Deferred Tax Assets Retirement Plan
DeferredTaxAssetsRetirementPlan
3432000 USD
CY2012 panl Defined Contribution Plan Matching Contribution Limit
DefinedContributionPlanMatchingContributionLimit
0.06
CY2012 panl Defined Contribution Plan Matching Percentage
DefinedContributionPlanMatchingPercentage
0.5
CY2012 panl Defined Contribution Plan Maximum Contribution Percentage
DefinedContributionPlanMaximumContributionPercentage
0.15
CY2010 panl Effective Income Tax Rate Reconciliation Derivative Instruments
EffectiveIncomeTaxRateReconciliationDerivativeInstruments
-0.171
CY2012 panl Effective Income Tax Rate Reconciliation Derivative Instruments
EffectiveIncomeTaxRateReconciliationDerivativeInstruments
0.000
CY2011 panl Effective Income Tax Rate Reconciliation Derivative Instruments
EffectiveIncomeTaxRateReconciliationDerivativeInstruments
0.584
CY2011 panl Effective Income Tax Rate Reconciliation Nondeductible Expense Other Employee Compensation Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseOtherEmployeeCompensationExpense
0.444
CY2010 panl Effective Income Tax Rate Reconciliation Nondeductible Expense Other Employee Compensation Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseOtherEmployeeCompensationExpense
-0.002
CY2012 panl Effective Income Tax Rate Reconciliation Nondeductible Expense Other Employee Compensation Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseOtherEmployeeCompensationExpense
0.001
CY2011 panl Effective Income Tax Rate Reconciliation Sale Of State Tax Attributes
EffectiveIncomeTaxRateReconciliationSaleOfStateTaxAttributes
0.508
CY2012 panl Effective Income Tax Rate Reconciliation Sale Of State Tax Attributes
EffectiveIncomeTaxRateReconciliationSaleOfStateTaxAttributes
0.000
CY2010 panl Effective Income Tax Rate Reconciliation Sale Of State Tax Attributes
EffectiveIncomeTaxRateReconciliationSaleOfStateTaxAttributes
0.003
CY2011 panl Exercise Of Common Stock Options And Warrants Net Of Tendered Shares Value
ExerciseOfCommonStockOptionsAndWarrantsNetOfTenderedSharesValue
27755000 USD
CY2010 panl Exercise Of Common Stock Options And Warrants Net Of Tendered Shares Value
ExerciseOfCommonStockOptionsAndWarrantsNetOfTenderedSharesValue
17756000 USD
CY2012 panl Exercise Of Common Stock Options And Warrants Net Of Tendered Shares Value
ExerciseOfCommonStockOptionsAndWarrantsNetOfTenderedSharesValue
855000 USD
CY2011Q4 panl Investments Amortized Cost Basis
InvestmentsAmortizedCostBasis
234281000 USD
CY2012Q4 panl Investments Amortized Cost Basis
InvestmentsAmortizedCostBasis
159306000 USD
CY2011Q4 panl Investments Gross Unrealized Gains
InvestmentsGrossUnrealizedGains
43000 USD
CY2012Q4 panl Investments Gross Unrealized Gains
InvestmentsGrossUnrealizedGains
12000 USD
CY2012Q4 panl Investments Gross Unrealized Losses
InvestmentsGrossUnrealizedLosses
30000 USD
CY2011Q4 panl Investments Gross Unrealized Losses
InvestmentsGrossUnrealizedLosses
30000 USD
CY2011 panl Issuance Of Common Stock In Connection With Materials And License Agreements Value
IssuanceOfCommonStockInConnectionWithMaterialsAndLicenseAgreementsValue
9000 USD
CY2010 panl Issuance Of Common Stock In Connection With Materials And License Agreements Value
IssuanceOfCommonStockInConnectionWithMaterialsAndLicenseAgreementsValue
1255000 USD
CY2011 panl Issuance Of Common Stock To Board Of Directors And Scientific Advisory Board Value
IssuanceOfCommonStockToBoardOfDirectorsAndScientificAdvisoryBoardValue
1648000 USD
CY2012 panl Issuance Of Common Stock To Board Of Directors And Scientific Advisory Board Value
IssuanceOfCommonStockToBoardOfDirectorsAndScientificAdvisoryBoardValue
1094000 USD
CY2010 panl Issuance Of Common Stock To Board Of Directors And Scientific Advisory Board Value
IssuanceOfCommonStockToBoardOfDirectorsAndScientificAdvisoryBoardValue
1347000 USD
CY2012Q3 panl Joint Development Agreement Annual Commitment
JointDevelopmentAgreementAnnualCommitment
1000000 USD
CY2012Q3 panl Joint Development Agreement Commitment Period
JointDevelopmentAgreementCommitmentPeriod
P3Y
CY2012Q4 panl Long Term Purchase Commitment Percent Of Services Payable In Cash Or Shares
LongTermPurchaseCommitmentPercentOfServicesPayableInCashOrShares
0.5
CY2010Q2 panl Notices Of Patent Invalidation Trials
NoticesOfPatentInvalidationTrials
2 notice_of_invalidation
CY2012 panl Number Of Board Members Elected By Class Shareholders
NumberOfBoardMembersElectedByClassShareholders
2 board_member
CY2012Q4 panl Number Of Patents Issued And Pending Application
NumberOfPatentsIssuedAndPendingApplication
3000
CY2010 panl Period Of Exemption On Withholding Tax On Royalty Payments
PeriodOfExemptionOnWithholdingTaxOnRoyaltyPayments
P5Y
CY2012 panl Proceeds From Sale Of Operating Losses And Tax Credits
ProceedsFromSaleOfOperatingLossesAndTaxCredits
2700000 USD
CY2011 panl Proceeds From Sale Of Operating Losses And Tax Credits
ProceedsFromSaleOfOperatingLossesAndTaxCredits
464000 USD
CY2012 panl Proceeds From Stock Options And Warrants Exercised
ProceedsFromStockOptionsAndWarrantsExercised
1483000 USD
CY2011 panl Proceeds From Stock Options And Warrants Exercised
ProceedsFromStockOptionsAndWarrantsExercised
13343000 USD
CY2010 panl Proceeds From Stock Options And Warrants Exercised
ProceedsFromStockOptionsAndWarrantsExercised
14619000 USD
CY2012 panl Research And Development Costs Incurred Under Materials Agreement
ResearchAndDevelopmentCostsIncurredUnderMaterialsAgreement
6170000 USD
CY2010 panl Research And Development Costs Incurred Under Materials Agreement
ResearchAndDevelopmentCostsIncurredUnderMaterialsAgreement
3296000 USD
CY2011 panl Research And Development Costs Incurred Under Materials Agreement
ResearchAndDevelopmentCostsIncurredUnderMaterialsAgreement
3539000 USD
CY2011 panl Research And Development Costs Incurred Under Sponsored Research Agreements
ResearchAndDevelopmentCostsIncurredUnderSponsoredResearchAgreements
1022000 USD
CY2012 panl Research And Development Costs Incurred Under Sponsored Research Agreements
ResearchAndDevelopmentCostsIncurredUnderSponsoredResearchAgreements
2058000 USD
CY2010 panl Research And Development Costs Incurred Under Sponsored Research Agreements
ResearchAndDevelopmentCostsIncurredUnderSponsoredResearchAgreements
1143000 USD
CY2012Q4 panl Reversal Of Accrued Bonus Compensation
ReversalOfAccruedBonusCompensation
703000 USD
CY2011 panl Scientific Advisory Board Compensation
ScientificAdvisoryBoardCompensation
861000 USD
CY2012 panl Scientific Advisory Board Compensation
ScientificAdvisoryBoardCompensation
423000 USD
CY2010 panl Scientific Advisory Board Compensation
ScientificAdvisoryBoardCompensation
1062000 USD
CY2012 panl Series Shareholder Votes Per Share
SeriesShareholderVotesPerShare
1 vote_per_share
CY2012 panl Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Cancelled Base Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsCancelledBasePrice
0
CY2012 panl Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Exercised Base Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExercisedBasePrice
34.78
CY2012 panl Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited Base Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedBasePrice
0
CY2012 panl Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Granted Base Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantedBasePrice
0
CY2012Q4 panl Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Outstanding Base Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingBasePrice
0
CY2011Q4 panl Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Outstanding Base Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingBasePrice
34.78
CY2012Q4 panl Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Remaining Contractual Terms
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageRemainingContractualTerms
P2Y2M1D
CY2011 panl Shares Tendered To Net Share Settle Exercise Of Options
SharesTenderedToNetShareSettleExerciseOfOptions
32800 shares
CY2012 panl Shares Tendered To Net Share Settle Exercise Of Options
SharesTenderedToNetShareSettleExerciseOfOptions
5878 shares
CY2010 panl Shares Tendered To Net Share Settle Exercise Of Options
SharesTenderedToNetShareSettleExerciseOfOptions
54650 shares
CY2011 panl Stock Based Compensation To Board Of Directors And Scientific Advisory Board
StockBasedCompensationToBoardOfDirectorsAndScientificAdvisoryBoard
1377000 USD
CY2010 panl Stock Based Compensation To Board Of Directors And Scientific Advisory Board
StockBasedCompensationToBoardOfDirectorsAndScientificAdvisoryBoard
1333000 USD
CY2012 panl Stock Based Compensation To Board Of Directors And Scientific Advisory Board
StockBasedCompensationToBoardOfDirectorsAndScientificAdvisoryBoard
781000 USD
CY2012 panl Stock Issued During Period Value Share Based Compensation Net Of Shares Witthheld For Employee Taxes
StockIssuedDuringPeriodValueShareBasedCompensationNetOfSharesWitthheldForEmployeeTaxes
1125000 USD
CY2010 panl Stock Issued During Period Value Share Based Compensation Net Of Shares Witthheld For Employee Taxes
StockIssuedDuringPeriodValueShareBasedCompensationNetOfSharesWitthheldForEmployeeTaxes
3133000 USD
CY2011 panl Stock Issued During Period Value Share Based Compensation Net Of Shares Witthheld For Employee Taxes
StockIssuedDuringPeriodValueShareBasedCompensationNetOfSharesWitthheldForEmployeeTaxes
2106000 USD
CY2012Q4 panl Stock Repurchase Program Authorized Period In Force
StockRepurchaseProgramAuthorizedPeriodInForce
P12M
CY2012 panl Withholding Tax Rate For Royalty Payments
WithholdingTaxRateForRoyaltyPayments
0.165
CY2012 dei Amendment Flag
AmendmentFlag
false
CY2012 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2012 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2012 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2012
CY2012 dei Document Period End Date
DocumentPeriodEndDate
2012-12-31
CY2012 dei Document Type
DocumentType
10-K
CY2012 dei Entity Central Index Key
EntityCentralIndexKey
0001005284
CY2013Q1 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
46211731 shares
CY2012 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2012 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2012Q2 dei Entity Public Float
EntityPublicFloat
1248372594 USD
CY2012 dei Entity Registrant Name
EntityRegistrantName
UNIVERSAL DISPLAY CORP \PA\
CY2012 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2012 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
Yes

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