$OSPN
OneSpan Inc.

2015 Q4 Form 10-Q Financial Statement

#000119312515363828 Filed on November 03, 2015

View on sec.gov

Income Statement

Concept 2015 Q4 2015 Q3 2014 Q3
Revenue $50.89M $60.03M $52.63M
YoY Change -18.48% 14.05% 34.42%
Cost Of Revenue $19.79M $23.76M $17.04M
YoY Change -32.23% 39.42% 20.82%
Gross Profit $33.00M $35.70M $35.60M
YoY Change -6.66% 0.28% 42.07%
Gross Profit Margin 64.85% 59.46% 67.63%
Selling, General & Admin $20.34M $17.35M $16.17M
YoY Change 30.22% 7.29% 16.79%
% of Gross Profit 61.64% 48.6% 45.42%
Research & Development $3.990M $4.378M $4.441M
YoY Change 6.12% -1.42% -12.32%
% of Gross Profit 12.09% 12.27% 12.48%
Depreciation & Amortization $1.940M $1.430M $1.510M
YoY Change 31.08% -5.3% -1.95%
% of Gross Profit 5.88% 4.01% 4.24%
Operating Expenses $27.83M $22.24M $21.75M
YoY Change 22.91% 2.24% 8.64%
Operating Profit $5.168M $13.46M $13.84M
YoY Change -59.34% -2.8% 175.13%
Interest Expense $2.340M -$190.0K -$1.170M
YoY Change -1117.39% -83.76% -2440.0%
% of Operating Profit 45.28% -1.41% -8.45%
Other Income/Expense, Net -$2.200M -$25.00K -$986.0K
YoY Change -858.62% -97.46% 224.34%
Pretax Income $5.310M $13.54M $12.89M
YoY Change -58.42% 5.01% 169.97%
Income Tax $1.870M $2.351M $1.682M
% Of Pretax Income 35.22% 17.37% 13.05%
Net Earnings $3.484M $11.18M $11.16M
YoY Change -70.78% 0.17% 236.03%
Net Earnings / Revenue 6.85% 18.63% 21.21%
Basic Earnings Per Share $0.09 $0.28 $0.28
Diluted Earnings Per Share $0.09 $0.28 $0.28
COMMON SHARES
Basic Shares Outstanding 39.83M shares 39.58M shares 39.36M shares
Diluted Shares Outstanding 39.73M shares 39.54M shares

Balance Sheet

Concept 2015 Q4 2015 Q3 2014 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $123.5M $184.0M $125.9M
YoY Change -10.12% 46.15% 36.7%
Cash & Equivalents $78.52M $144.0M $80.99M
Short-Term Investments $45.00M $40.00M $44.90M
Other Short-Term Assets $4.778M $985.0K $1.580M
YoY Change 311.9% -37.66% 38.6%
Inventory $20.62M $21.90M $31.43M
Prepaid Expenses $3.051M $2.330M $2.248M
Receivables $29.43M $36.87M $27.37M
Other Receivables $500.0K $400.0K $300.0K
Total Short-Term Assets $183.4M $246.7M $192.5M
YoY Change -11.09% 28.18% 24.87%
LONG-TERM ASSETS
Property, Plant & Equipment $3.099M $2.621M $2.977M
YoY Change 9.7% -11.96% -10.03%
Goodwill
YoY Change
Intangibles $38.99M $9.556M $14.00M
YoY Change 182.73% -31.73% -21.26%
Long-Term Investments
YoY Change
Other Assets $6.535M $6.671M $7.661M
YoY Change -9.99% -12.92% 185.75%
Total Long-Term Assets $128.5M $39.91M $47.83M
YoY Change 184.75% -16.56% 2.09%
TOTAL ASSETS
Total Short-Term Assets $183.4M $246.7M $192.5M
Total Long-Term Assets $128.5M $39.91M $47.83M
Total Assets $311.8M $286.6M $240.3M
YoY Change 24.06% 19.28% 19.56%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $8.803M $4.357M $8.786M
YoY Change -17.57% -50.41% 44.58%
Accrued Expenses $18.10M $14.60M $14.40M
YoY Change 30.22% 1.39% 25.22%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $0.00
YoY Change
Total Short-Term Liabilities $55.69M $41.94M $44.31M
YoY Change 23.22% -5.36% 30.21%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $76.00K $39.00K $600.0K
YoY Change 38.18% -93.5% 200.0%
Total Long-Term Liabilities $76.00K $39.00K $600.0K
YoY Change 38.18% -93.5% 200.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $55.69M $41.94M $44.31M
Total Long-Term Liabilities $76.00K $39.00K $600.0K
Total Liabilities $63.77M $42.05M $45.15M
YoY Change 40.27% -6.86% 31.39%
SHAREHOLDERS EQUITY
Retained Earnings $168.0M $164.6M $114.0M
YoY Change 33.48% 44.39% 27.8%
Common Stock $85.81M $84.81M $40.00K
YoY Change 4.02% 211922.5% 2.56%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $248.0M $244.6M $195.2M
YoY Change
Total Liabilities & Shareholders Equity $311.8M $286.6M $240.3M
YoY Change 24.06% 19.28% 19.56%

Cashflow Statement

Concept 2015 Q4 2015 Q3 2014 Q3
OPERATING ACTIVITIES
Net Income $3.484M $11.18M $11.16M
YoY Change -70.78% 0.17% 236.03%
Depreciation, Depletion And Amortization $1.940M $1.430M $1.510M
YoY Change 31.08% -5.3% -1.95%
Cash From Operating Activities $21.02M $28.01M $2.970M
YoY Change 80.58% 843.1% -37.61%
INVESTING ACTIVITIES
Capital Expenditures -$460.0K -$210.0K -$270.0K
YoY Change 84.0% -22.22% -12.9%
Acquisitions
YoY Change
Other Investing Activities -$79.47M $34.94M -$14.93M
YoY Change 297.15% -334.03% 74550.0%
Cash From Investing Activities -$79.93M $34.72M -$15.21M
YoY Change 294.91% -328.27% 4806.45%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -6.030M 0.000 130.0K
YoY Change -100.0%
NET CHANGE
Cash From Operating Activities 21.02M 28.01M 2.970M
Cash From Investing Activities -79.93M 34.72M -15.21M
Cash From Financing Activities -6.030M 0.000 130.0K
Net Change In Cash -64.94M 62.73M -12.11M
YoY Change 655.12% -618.0% -372.13%
FREE CASH FLOW
Cash From Operating Activities $21.02M $28.01M $2.970M
Capital Expenditures -$460.0K -$210.0K -$270.0K
Free Cash Flow $21.48M $28.22M $3.240M
YoY Change 80.66% 770.99% -36.09%

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DocumentFiscalYearFocus
2015
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.00
dei Amendment Flag
AmendmentFlag
false
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0001044777
dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.34 pure
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
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us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.00
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Entity Registrant Name
EntityRegistrantName
VASCO DATA SECURITY INTERNATIONAL INC
us-gaap Revenue Recognition Leases Operating
RevenueRecognitionLeasesOperating
<div> <p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"> <b>Accounting for Leases</b></p> <p style="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"> 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>
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
39711000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
39563000 shares
dei Document Period End Date
DocumentPeriodEndDate
2015-09-30
us-gaap Use Of Estimates
UseOfEstimates
<div> <p style="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"> <b>Estimates and Assumptions</b></p> <p style="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"> The preparation of financial statements in conformity with accounting principles generally accepted in the U.S. 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 revenue and expenses during the reporting period. Actual results could differ from those estimates.</p> </div>
us-gaap Loss Contingency Disclosures
LossContingencyDisclosures
<div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 18pt"> <b>Note 10 &#x2013; Contingencies</b></p> <!-- xbrl,body --> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 6pt; TEXT-INDENT: 4%"> During the second quarter of 2015, our management became 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; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt; TEXT-INDENT: 4%"> The Audit Committee of the Company&#x2019;s Board of Directors has initiated an internal investigation 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&#xA0;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; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt; TEXT-INDENT: 4%"> 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> <p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 1px; MARGIN-TOP: 12px"> &#xA0;</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 0pt; TEXT-INDENT: 4%"> On July&#xA0;28, 2015 a putative class action complaint was filed in the United States District Court for the Northern District of Illinois, captioned Linda J. Rossbach v. Vasco Data Security International, Inc., et al., case number 1:15-cv-06605, naming VASCO and certain of its current executive officers&#xA0;as defendants and alleging violations under the Securities Exchange Act of 1934, as amended.&#xA0;The suit was purportedly filed on behalf of a putative class of investors who purchased VASCO securities between February&#xA0;18, 2014 and July&#xA0;21, 2015, and seeks to recover damages allegedly caused by the defendants&#x2019; alleged violations of the federal securities laws and to pursue remedies under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder.&#xA0;The complaint seeks certification as a class action and unspecified compensatory damages plus interest and attorneys&#x2019; fees.&#xA0;Pursuant to a September&#xA0;1, 2015 scheduling order entered by the court, the lead plaintiff, once appointed, will have sixty days to file an amended complaint or notify the defendants that the lead plaintiff intends to rely on the current complaint.&#xA0;The defendants will then have sixty days to answer or otherwise respond to the operative complaint.&#xA0;Although the ultimate outcome of litigation cannot be predicted with certainty, the Company believes that this lawsuit is without merit and intends to defend against the action vigorously.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt; TEXT-INDENT: 4%"> On October&#xA0;9, 2015, a derivative complaint was filed in the United States District Court for the Northern District of Illinois, captioned Elizabeth Herrera v. Hunt, et al., case number 1:15-cv-08937, naming VASCO&#x2019;s Board of Directors and certain of its executive officers as individual defendants and the Company as a nominal defendant.&#xA0;On October&#xA0;22, 2015, a second derivative complaint was filed in the Circuit Court of Cook County, Illinois, captioned Beth Seltzer v. Hunt, et al., case number 2015-ch-15541, naming the same defendants.&#xA0;The complaints assert, among other things, that the individual defendants breached their fiduciary duties by making material misstatements in, and omitting material information from, the Company&#x2019;s public disclosures and by failing to maintain adequate internal controls and properly manage the Company. Among other things, the complaints seek unspecified compensatory damages and injunctive relief. On October 29, 2015, the Seltzer action was removed to the United States District Court for the Northern District of Illinois.</p> </div>
dei Trading Symbol
TradingSymbol
VDSI
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SalesRevenueNet
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IncomeLossFromContinuingOperationsPerBasicShare
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EffectiveIncomeTaxRateContinuingOperations
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us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
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IncreaseDecreaseInInventories
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OtherNonoperatingIncomeExpense
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us-gaap Increase Decrease In Accounts Receivable
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us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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IncreaseDecreaseInOtherCurrentAssets
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45541000
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PaymentsForProceedsFromOtherInvestingActivities
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us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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us-gaap Share Based Compensation
ShareBasedCompensation
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IncreaseDecreaseInDeferredRevenue
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SellingAndMarketingExpense
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us-gaap Operating Expenses
OperatingExpenses
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us-gaap Capitalized Computer Software Additions
CapitalizedComputerSoftwareAdditions
0
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IncreaseDecreaseInDeferredCompensation
265000
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
23969000
us-gaap Goodwill Translation Adjustments
GoodwillTranslationAdjustments
-1148000
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NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-407000
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
13465000
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
673000
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
0
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
4108000
us-gaap Proceeds From Maturities Prepayments And Calls Of Shortterm Investments
ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments
99768000
us-gaap Finitelived Intangible Assets Acquired1
FinitelivedIntangibleAssetsAcquired1
106000
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
21730000
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
1086000
us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
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-69000
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
233000
us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
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FiniteLivedIntangibleAssetsTranslationAdjustments
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DeferredCompensationArrangementWithIndividualCompensationExpense
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2726000
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CostOfRevenue
78111000
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
168000
vdsi Product Warranty Accrual Provision For Claims
ProductWarrantyAccrualProvisionForClaims
127000
vdsi Median Renewal Percentage Rate
MedianRenewalPercentageRate
0.15 pure
vdsi Increase Decrease In Value Added Tax Receivable
IncreaseDecreaseInValueAddedTaxReceivable
-143000
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
0.15 pure
vdsi Percentage Of Renewal
PercentageOfRenewal
0.80 pure
vdsi Renewal Transactions Included In Vsoe Calculation
RenewalTransactionsIncludedInVsoeCalculation
P2Y
CY2014 vdsi Other Tax Credit Carryforward Expiration Dates
OtherTaxCreditCarryforwardExpirationDates
2016 to 2021
CY2014Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.28
CY2014Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.00
CY2014Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.28
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IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.00
CY2014Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
39541000 shares
CY2014Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
39358000 shares
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IncomeLossFromContinuingOperationsPerBasicShare
0.28
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EarningsPerShareBasic
0.28
CY2014Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.13 pure
CY2014Q3 us-gaap Net Income Loss
NetIncomeLoss
11163000
CY2014Q3 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
11209000
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SalesRevenueNet
52633000
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InterestIncomeExpenseNet
35000
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OperatingIncomeLoss
13842000
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IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
-46000
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GrossProfit
35595000
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OtherNonoperatingIncomeExpense
-986000
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OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
8305000
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ForeignCurrencyTransactionGainLossBeforeTax
-1208000
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IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
12891000
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OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-2858000
CY2014Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1682000
CY2014Q3 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
10729000
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OperatingExpenses
21753000
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ResearchAndDevelopmentExpense
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CY2014Q3 us-gaap Allocated Share Based Compensation Expense
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GeneralAndAdministrativeExpense
5440000
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1143000
CY2014Q3 us-gaap Deferred Compensation Arrangement With Individual Compensation Expense
DeferredCompensationArrangementWithIndividualCompensationExpense
351000
CY2014Q3 us-gaap Restricted Stock Expense
RestrictedStockExpense
630000
CY2014Q3 us-gaap Cost Of Revenue
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17038000
CY2014Q3 us-gaap Product Warranty Accrual Payments
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CY2014Q3 vdsi Product Warranty Accrual Provision For Claims
ProductWarrantyAccrualProvisionForClaims
65000
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EarningsPerShareDiluted
0.28
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0.00
CY2015Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
39733000 shares
CY2015Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
39580000 shares
CY2015Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.28
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EarningsPerShareBasic
0.28
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0.17 pure
CY2015Q3 us-gaap Net Income Loss
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CY2015Q3 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
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CY2015Q3 us-gaap Sales Revenue Net
SalesRevenueNet
60027000
CY2015Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
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CY2015Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
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CY2015Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
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CY2015Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
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CY2015Q3 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
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CY2015Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
13537000
CY2015Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
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CY2015Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2015Q3 us-gaap Operating Expenses
OperatingExpenses
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CY2015Q3 us-gaap Allocated Share Based Compensation Expense
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CY2015Q3 us-gaap Amortization Of Intangible Assets
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CY2015Q3 us-gaap Deferred Compensation Arrangement With Individual Compensation Expense
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CY2015Q3 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
23000
CY2015Q3 vdsi Product Warranty Accrual Provision For Claims
ProductWarrantyAccrualProvisionForClaims
14000

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