$OSPN
OneSpan Inc.

2015 Q2 Form 10-Q Financial Statement

#000119312515278227 Filed on August 05, 2015

View on sec.gov

Income Statement

Concept 2015 Q2 2014 Q2
Revenue $65.39M $47.65M
YoY Change 37.22% 27.9%
Cost Of Revenue $26.90M $16.63M
YoY Change 61.7% 24.33%
Gross Profit $37.74M $31.02M
YoY Change 21.66% 29.89%
Gross Profit Margin 57.71% 65.1%
Selling, General & Admin $17.09M $17.04M
YoY Change 0.25% 6.78%
% of Gross Profit 45.28% 54.94%
Research & Development $4.538M $5.202M
YoY Change -12.76% -2.68%
% of Gross Profit 12.02% 16.77%
Depreciation & Amortization $1.460M $1.600M
YoY Change -8.75% 48.15%
% of Gross Profit 3.87% 5.16%
Operating Expenses $21.99M $23.38M
YoY Change -5.94% 6.45%
Operating Profit $15.75M $7.646M
YoY Change 106.03% 297.4%
Interest Expense $100.0K -$50.00K
YoY Change -300.0% -225.0%
% of Operating Profit 0.63% -0.65%
Other Income/Expense, Net $273.0K $249.0K
YoY Change 9.64% -6.04%
Pretax Income $16.12M $7.905M
YoY Change 103.96% 254.64%
Income Tax $2.257M $1.012M
% Of Pretax Income 14.0% 12.8%
Net Earnings $13.85M $6.886M
YoY Change 101.16% 280.65%
Net Earnings / Revenue 21.18% 14.45%
Basic Earnings Per Share $0.35 $0.18
Diluted Earnings Per Share $0.35 $0.17
COMMON SHARES
Basic Shares Outstanding 39.58M shares 39.36M shares
Diluted Shares Outstanding 39.74M shares 39.47M shares

Balance Sheet

Concept 2015 Q2 2014 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $157.0M $123.3M
YoY Change 27.33% 44.04%
Cash & Equivalents $82.11M $93.34M
Short-Term Investments $74.90M $30.00M
Other Short-Term Assets $1.067M $1.652M
YoY Change -35.41% 2653.33%
Inventory $30.29M $25.69M
Prepaid Expenses $2.355M $2.576M
Receivables $39.15M $22.07M
Other Receivables $300.0K $400.0K
Total Short-Term Assets $230.9M $178.8M
YoY Change 29.14% 25.36%
LONG-TERM ASSETS
Property, Plant & Equipment $2.769M $3.192M
YoY Change -13.25% -8.01%
Goodwill $24.43M
YoY Change 164.86%
Intangibles $10.66M $15.29M
YoY Change -30.28% -18.35%
Long-Term Investments
YoY Change
Other Assets $5.950M $8.512M
YoY Change -30.1% 199.72%
Total Long-Term Assets $40.65M $51.43M
YoY Change -20.95% 9.32%
TOTAL ASSETS
Total Short-Term Assets $230.9M $178.8M
Total Long-Term Assets $40.65M $51.43M
Total Assets $271.5M $230.2M
YoY Change 17.95% 21.38%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $5.984M $10.36M
YoY Change -42.24% 63.85%
Accrued Expenses $12.40M $13.70M
YoY Change -9.49% 17.09%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00
YoY Change
Total Short-Term Liabilities $39.01M $43.57M
YoY Change -10.46% 44.51%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $43.00K $200.0K
YoY Change -78.5% 100.0%
Total Long-Term Liabilities $43.00K $200.0K
YoY Change -78.5% 100.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $39.01M $43.57M
Total Long-Term Liabilities $43.00K $200.0K
Total Liabilities $39.15M $44.10M
YoY Change -11.21% 45.14%
SHAREHOLDERS EQUITY
Retained Earnings $153.4M $102.8M
YoY Change 49.2% 19.74%
Common Stock $83.76M $40.00K
YoY Change 209300.0% 2.56%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $232.4M $186.1M
YoY Change
Total Liabilities & Shareholders Equity $271.5M $230.2M
YoY Change 17.95% 21.38%

Cashflow Statement

Concept 2015 Q2 2014 Q2
OPERATING ACTIVITIES
Net Income $13.85M $6.886M
YoY Change 101.16% 280.65%
Depreciation, Depletion And Amortization $1.460M $1.600M
YoY Change -8.75% 48.15%
Cash From Operating Activities $7.470M $15.72M
YoY Change -52.48% 1666.29%
INVESTING ACTIVITIES
Capital Expenditures -$450.0K -$650.0K
YoY Change -30.77% 306.25%
Acquisitions
YoY Change
Other Investing Activities -$30.00K -$31.30M
YoY Change -99.9% 60.93%
Cash From Investing Activities -$470.0K -$31.95M
YoY Change -98.53% 62.76%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 20.00K 90.00K
YoY Change -77.78% -400.0%
NET CHANGE
Cash From Operating Activities 7.470M 15.72M
Cash From Investing Activities -470.0K -31.95M
Cash From Financing Activities 20.00K 90.00K
Net Change In Cash 7.020M -16.14M
YoY Change -143.49% -14.01%
FREE CASH FLOW
Cash From Operating Activities $7.470M $15.72M
Capital Expenditures -$450.0K -$650.0K
Free Cash Flow $7.920M $16.37M
YoY Change -51.62% 1459.05%

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VASCO DATA SECURITY INTERNATIONAL INC
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<div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 0pt"> <b>Accounting for Leases</b></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 6pt; TEXT-INDENT: 4%"> All of our leases are operating leases. Rent expense on facility leases is charged evenly over the life of the lease, regardless of the timing of actual payments.</p> </div>
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us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
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dei Entity Central Index Key
EntityCentralIndexKey
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us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.34 pure
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.00
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
us-gaap Loss Contingency Disclosures
LossContingencyDisclosures
<div> <p style="MARGIN-BOTTOM: 0pt; WHITE-SPACE: normal; TEXT-TRANSFORM: none; WORD-SPACING: 0px; COLOR: rgb(0,0,0); FONT: 10pt 'Times New Roman'; WIDOWS: 1; MARGIN-TOP: 0pt; LETTER-SPACING: normal; TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px"> <b>Note 10 - Contingency</b></p> <p style="MARGIN-BOTTOM: 0pt; WHITE-SPACE: normal; TEXT-TRANSFORM: none; WORD-SPACING: 0px; COLOR: rgb(0,0,0); FONT: 10pt 'Times New Roman'; WIDOWS: 1; MARGIN-TOP: 6pt; LETTER-SPACING: normal; TEXT-INDENT: 4%; -webkit-text-stroke-width: 0px"> Our management has recently become aware that certain of our products which were sold by our European subsidiary to a third-party distributor may have been resold by the distributor to parties in Iran, potentially including parties whose property and interests in property may be blocked pursuant to Executive Order 13224, Executive Order 13382 or that may be identified under Section&#xA0;560.304 of 31 C.F.R. Part 560 as the &#x201C;Government of Iran&#x201D;.</p> <p style="MARGIN-BOTTOM: 0pt; WHITE-SPACE: normal; TEXT-TRANSFORM: none; WORD-SPACING: 0px; COLOR: rgb(0,0,0); FONT: 10pt 'Times New Roman'; WIDOWS: 1; MARGIN-TOP: 12pt; LETTER-SPACING: normal; TEXT-INDENT: 4%; -webkit-text-stroke-width: 0px"> The Audit Committee of the Company&#x2019;s Board of Directors has initiated an internal investigation, which is pending, to review this matter with the assistance of outside counsel.&#xA0;We have stopped all shipments to such distributor pending the outcome of the investigation. As a precautionary matter, concurrent initial notices of voluntary disclosure were submitted on June 25, 2015 with each of the U.S. Department of the Treasury, Office of Foreign Assets Control (&#x201C;OFAC&#x201D;), and the U.S. Department of Commerce, Bureau of Industry and Security (&#x201C;BIS&#x201D;). We will file a further report with each of OFAC and BIS after completing our review and fully intend to cooperate with both agencies.&#xA0;Our total revenues from all sales to the particular distributor during the period relevant to review by OFAC and BIS (June 1, 2010 through June&#xA0;25, 2015) were approximately $3.1 million.</p> <p style="MARGIN-BOTTOM: 0pt; WHITE-SPACE: normal; TEXT-TRANSFORM: none; WORD-SPACING: 0px; COLOR: rgb(0,0,0); FONT: 10pt 'Times New Roman'; WIDOWS: 1; MARGIN-TOP: 12pt; LETTER-SPACING: normal; TEXT-INDENT: 4%; -webkit-text-stroke-width: 0px"> OFAC and BIS will review the results of our investigation when it is submitted. Following that review, OFAC and BIS may conclude that the disclosed sales resulted in violations of U.S. economic sanctions and/or export control laws and warrant the imposition of civil penalties, such as fines, limitations on the our ability to export products from the United States, and/or referral for further investigation by the U.S. Department of Justice. While the filing of a voluntary disclosure may be a mitigating factor in consideration of any penalties by these agencies, any resulting fines or restrictions may nonetheless be material to our financial results in the period in which they are imposed, but at this time we are not able to estimate the possible loss or range of loss in connection with this matter. Additionally, disclosure of this conduct and any fines or other action relating to this conduct could harm our reputation and have a material adverse effect on our business, operating results and financial condition. We cannot predict when OFAC and BIS will conclude their own review of our voluntary self-disclosures or whether they may impose any penalties.</p> </div>
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
39554000 shares
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
177000
us-gaap Gross Profit
GrossProfit
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us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
74807000
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
25224000
us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
-37000
us-gaap Sales Revenue Net
SalesRevenueNet
130528000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-3589000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
32004000
us-gaap Operating Income Loss
OperatingIncomeLoss
31830000
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-768000
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-2262000
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
49000
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
18000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-3000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
727000
us-gaap Net Income Loss
NetIncomeLoss
27486000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
12411000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
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837000
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
22000
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IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
27523000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2550000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
2929000
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1067000
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
364000
us-gaap Indefinitelived Intangible Assets Acquired
IndefinitelivedIntangibleAssetsAcquired
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us-gaap Operating Expenses
OperatingExpenses
44342000
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
9087000
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
19775000
us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
430000
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
223000
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
145000
us-gaap Proceeds From Maturities Prepayments And Calls Of Shortterm Investments
ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments
64847000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2256000
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
9669000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
4481000
us-gaap Restricted Stock Expense
RestrictedStockExpense
1677000
us-gaap Cost Of Revenue
CostOfRevenue
54356000
us-gaap Goodwill Translation Adjustments
GoodwillTranslationAdjustments
-936000
us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
0
us-gaap Net Cash Provided By Used In Discontinued Operations
NetCashProvidedByUsedInDiscontinuedOperations
-63000
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-407000
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-923000
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-10754000
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
0
us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
-63000
us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
1415000
us-gaap Increase Decrease In Deferred Compensation
IncreaseDecreaseInDeferredCompensation
-244000
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
13224000
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-4577000
us-gaap Indefinite Lived Intangible Assets Translation Adjustments
IndefiniteLivedIntangibleAssetsTranslationAdjustments
14000
us-gaap Share Based Compensation
ShareBasedCompensation
1677000
us-gaap Capitalized Computer Software Additions
CapitalizedComputerSoftwareAdditions
0
CY2014Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.17
us-gaap Deferred Compensation Arrangement With Individual Compensation Expense
DeferredCompensationArrangementWithIndividualCompensationExpense
873000
vdsi Increase Decrease In Value Added Tax Receivable
IncreaseDecreaseInValueAddedTaxReceivable
-283000
vdsi Median Renewal Percentage Rate
MedianRenewalPercentageRate
0.15 pure
vdsi Percentage Of Renewal
PercentageOfRenewal
0.80 pure
vdsi Duration Of Cash And Cash Equivalents
DurationOfCashAndCashEquivalents
Cash equivalents are high-quality short term money market instruments and commercial paper, with original maturities of three months or less.
vdsi Expected Annualized Tax Rate
ExpectedAnnualizedTaxRate
0.14 pure
vdsi Product Warranty Accrual Provision For Claims
ProductWarrantyAccrualProvisionForClaims
113000
vdsi Renewal Transactions Included In Vsoe Calculation
RenewalTransactionsIncludedInVSOECalculation
P2Y
vdsi Revenue From Third Party Distributor
RevenueFromThirdPartyDistributor
3100000
CY2014 vdsi Other Tax Credit Carryforward Expiration Dates
OtherTaxCreditCarryforwardExpirationDates
2016 to 2021
CY2014Q1 vdsi Expected Annualized Tax Rate
ExpectedAnnualizedTaxRate
0.19 pure
CY2015Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
16123000
CY2015Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
15134000
CY2015Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
-14000
CY2015Q2 us-gaap Sales Revenue Net
SalesRevenueNet
65393000
CY2014Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.13 pure
CY2014Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.17
CY2014Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.00
CY2014Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
39471000 shares
CY2014Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.18
CY2014Q2 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.18
CY2014Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.00
CY2014Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
39358000 shares
CY2014Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
10000
CY2014Q2 us-gaap Gross Profit
GrossProfit
31021000
CY2014Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
6971000
CY2014Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
-7000
CY2014Q2 us-gaap Sales Revenue Net
SalesRevenueNet
47654000
CY2014Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
7905000
CY2014Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
7646000
CY2014Q2 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-61000
CY2014Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
85000
CY2014Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
249000
CY2014Q2 us-gaap Net Income Loss
NetIncomeLoss
6886000
CY2014Q2 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
6893000
CY2014Q2 us-gaap Allocated Share Based Compensation Expense
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788000
CY2014Q2 us-gaap Operating Expenses
OperatingExpenses
23375000
CY2014Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
5202000
CY2014Q2 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
11310000
CY2014Q2 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
49000
CY2014Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1129000
CY2014Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1012000
CY2014Q2 us-gaap Restricted Stock Expense
RestrictedStockExpense
612000
CY2014Q2 us-gaap Cost Of Revenue
CostOfRevenue
16633000
CY2014Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
5734000
CY2014Q2 us-gaap Deferred Compensation Arrangement With Individual Compensation Expense
DeferredCompensationArrangementWithIndividualCompensationExpense
176000
CY2014Q2 vdsi Product Warranty Accrual Provision For Claims
ProductWarrantyAccrualProvisionForClaims
17000
CY2015Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.35
CY2015Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.14 pure
CY2015Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.35
CY2015Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.00
CY2015Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
39738000 shares
CY2015Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.35
CY2015Q2 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.35
CY2015Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.00
CY2015Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
39580000 shares
CY2015Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
97000
CY2015Q2 us-gaap Gross Profit
GrossProfit
38498000
CY2015Q2 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
9982000
CY2015Q2 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
67000
CY2015Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1120000
CY2015Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2257000
CY2015Q2 us-gaap Restricted Stock Expense
RestrictedStockExpense
882000
CY2015Q2 us-gaap Cost Of Revenue
CostOfRevenue
26895000
CY2015Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
15753000
CY2015Q2 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-151000
CY2015Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
1282000
CY2015Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
273000
CY2015Q2 us-gaap Net Income Loss
NetIncomeLoss
13852000
CY2015Q2 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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13866000
CY2015Q2 us-gaap Allocated Share Based Compensation Expense
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1391000
CY2015Q2 us-gaap Operating Expenses
OperatingExpenses
22745000
CY2015Q2 us-gaap Research And Development Expense
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4538000
CY2015Q2 us-gaap General And Administrative Expense
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7105000
CY2015Q2 us-gaap Capitalized Computer Software Additions
CapitalizedComputerSoftwareAdditions
0
CY2015Q2 us-gaap Deferred Compensation Arrangement With Individual Compensation Expense
DeferredCompensationArrangementWithIndividualCompensationExpense
509000
CY2015Q2 vdsi Expected Annualized Tax Rate
ExpectedAnnualizedTaxRate
0.14 pure
CY2015Q2 vdsi Product Warranty Accrual Provision For Claims
ProductWarrantyAccrualProvisionForClaims
32000

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