2017 Q1 Form 10-K Financial Statement

#000114519717000005 Filed on February 28, 2017

View on sec.gov

Income Statement

Concept 2017 Q1 2016 Q4 2016
Revenue $101.7M $103.6M $367.0M
YoY Change 25.24% 23.6% 39.07%
Cost Of Revenue $42.32M $42.60M $155.9M
YoY Change 13.87% 1.91% 19.35%
Gross Profit $59.40M $60.94M $211.1M
YoY Change 34.84% 45.11% 58.39%
Gross Profit Margin 58.4% 58.83% 57.52%
Selling, General & Admin $47.21M $49.00M $166.1M
YoY Change 21.79% 17.51% 19.66%
% of Gross Profit 79.47% 80.41% 78.68%
Research & Development $17.50M $16.00M $55.71M
YoY Change 34.73% 24.03% 28.93%
% of Gross Profit 29.46% 26.26% 26.39%
Depreciation & Amortization $3.323M $3.360M $13.83M
YoY Change -2.89% -24.15% -12.66%
% of Gross Profit 5.59% 5.51% 6.55%
Operating Expenses $64.71M $65.10M $221.8M
YoY Change 25.04% 19.23% 21.86%
Operating Profit -$5.308M -$4.135M -$10.70M
YoY Change -31.06% -67.23% -78.04%
Interest Expense -$4.600M -$6.500M $14.39M
YoY Change 58.62% 103.13% 13.18%
% of Operating Profit
Other Income/Expense, Net -$4.573M $1.700M -$16.11M
YoY Change 56.29% 27.34%
Pretax Income -$9.881M -$9.000M -$26.82M
YoY Change -7.0% -43.04% -56.32%
Income Tax $96.00K $200.0K $392.0K
% Of Pretax Income
Net Earnings -$9.977M -$9.119M -$28.88M
YoY Change -20.06% -66.63% -60.72%
Net Earnings / Revenue -9.81% -8.8% -7.87%
Basic Earnings Per Share -$0.48
Diluted Earnings Per Share -$173.3K -$158.5K -$0.48
COMMON SHARES
Basic Shares Outstanding 57.65M shares 57.43M shares 57.25M shares
Diluted Shares Outstanding 57.25M shares

Balance Sheet

Concept 2017 Q1 2016 Q4 2016
SHORT-TERM ASSETS
Cash & Short-Term Investments $254.0M $298.6M $298.6M
YoY Change 127.6% 143.36% 143.36%
Cash & Equivalents $76.04M $137.2M $137.2M
Short-Term Investments $178.0M $161.4M $161.4M
Other Short-Term Assets $8.200M $7.100M $7.100M
YoY Change 43.86% -47.79% -47.79%
Inventory $34.33M $35.51M $35.50M
Prepaid Expenses
Receivables $40.65M $28.80M $28.80M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $337.2M $370.0M $370.0M
YoY Change 96.2% 93.94% 93.92%
LONG-TERM ASSETS
Property, Plant & Equipment $65.28M $44.75M $46.30M
YoY Change 56.56% 7.08% 10.77%
Goodwill $39.70M $39.68M
YoY Change -0.16% 0.18%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $605.0K $216.0K $200.0K
YoY Change 2.89% 184.21% -90.0%
Total Long-Term Assets $107.8M $86.69M $86.60M
YoY Change 29.98% 2.75% 2.73%
TOTAL ASSETS
Total Short-Term Assets $337.2M $370.0M $370.0M
Total Long-Term Assets $107.8M $86.69M $86.60M
Total Assets $445.0M $456.6M $456.6M
YoY Change 74.65% 65.98% 65.98%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $6.413M $13.16M $13.20M
YoY Change -52.43% -13.5% -13.16%
Accrued Expenses $31.84M $41.23M $41.00M
YoY Change 4.79% 12.2% 11.72%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $300.0K $300.0K
YoY Change -94.55% -94.55%
Total Short-Term Liabilities $39.38M $55.70M $55.70M
YoY Change -20.89% -14.52% -14.57%
LONG-TERM LIABILITIES
Long-Term Debt $336.8M $332.8M $332.8M
YoY Change 93.9% 93.81% 93.49%
Other Long-Term Liabilities $5.231M $5.032M $5.000M
YoY Change 6.28% 27.33% 25.0%
Total Long-Term Liabilities $342.0M $337.8M $337.8M
YoY Change 91.48% 92.31% 91.93%
TOTAL LIABILITIES
Total Short-Term Liabilities $39.38M $55.70M $55.70M
Total Long-Term Liabilities $342.0M $337.8M $337.8M
Total Liabilities $381.4M $393.5M $393.5M
YoY Change 66.99% 63.23% 63.21%
SHAREHOLDERS EQUITY
Retained Earnings -$690.4M -$680.4M
YoY Change 3.97% 4.43%
Common Stock $58.00K $57.00K
YoY Change 1.75% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $63.59M $63.10M $63.20M
YoY Change
Total Liabilities & Shareholders Equity $445.0M $456.6M $456.6M
YoY Change 74.65% 65.98% 65.98%

Cashflow Statement

Concept 2017 Q1 2016 Q4 2016
OPERATING ACTIVITIES
Net Income -$9.977M -$9.119M -$28.88M
YoY Change -20.06% -66.63% -60.72%
Depreciation, Depletion And Amortization $3.323M $3.360M $13.83M
YoY Change -2.89% -24.15% -12.66%
Cash From Operating Activities -$21.84M $20.07M $15.91M
YoY Change 107.62% -207.96% -226.76%
INVESTING ACTIVITIES
Capital Expenditures $25.68M -$2.910M $22.12M
YoY Change 712.63% -16.38% 108.47%
Acquisitions
YoY Change
Other Investing Activities -$16.61M -$94.28M -$155.9M
YoY Change -460.3% 3202.97%
Cash From Investing Activities -$42.29M -$97.18M -$178.0M
YoY Change -3008.25% 2692.53% 1061.72%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $6.335M $4.854M
YoY Change 695.85% -38.17%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $2.927M -990.0K $176.6M
YoY Change -234.02% 50.0% -47692.18%
NET CHANGE
Cash From Operating Activities -$21.84M 20.07M $15.91M
Cash From Investing Activities -$42.29M -97.18M -$178.0M
Cash From Financing Activities $2.927M -990.0K $176.6M
Net Change In Cash -$61.19M -78.10M $14.50M
YoY Change 444.09% 243.6% -150.85%
FREE CASH FLOW
Cash From Operating Activities -$21.84M $20.07M $15.91M
Capital Expenditures $25.68M -$2.910M $22.12M
Free Cash Flow -$47.51M $22.98M -$6.204M
YoY Change 247.4% -252.08% -73.21%

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0 USD
CY2016 us-gaap Current Federal Tax Expense Benefit
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3000 USD
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321000 USD
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539000 USD
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60000 USD
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393000 USD
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591000 USD
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57000 USD
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72000 USD
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52000 USD
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CY2014Q3 us-gaap Debt Conversion Converted Instrument Shares Issued1
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348535 shares
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25704000 USD
CY2016Q4 us-gaap Debt Instrument Unamortized Discount
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69684000 USD
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0 USD
CY2015 us-gaap Deferred Federal Income Tax Expense Benefit
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0 USD
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0 USD
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3848000 USD
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CY2016 us-gaap Deferred Foreign Income Tax Expense Benefit
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0 USD
CY2015 us-gaap Deferred Income Tax Expense Benefit
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CY2016 us-gaap Deferred Income Tax Expense Benefit
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2500000 USD
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2361000 USD
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1309000 USD
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0 USD
CY2015 us-gaap Deferred State And Local Income Tax Expense Benefit
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0 USD
CY2016 us-gaap Deferred State And Local Income Tax Expense Benefit
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0 USD
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18961000 USD
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216200000 USD
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15060000 USD
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1330000 USD
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383000 USD
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855000 USD
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0 USD
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33000 USD
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313000 USD
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0 USD
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1600000 USD
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1600000 USD
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0.06
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1
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4500000 USD
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3300000 USD
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100000 USD
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12223000 USD
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15838000 USD
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13833000 USD
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900000 USD
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82000 USD
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79000 USD
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0 USD
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0.34
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41500000 USD
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1000000 USD
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1466000 USD
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154000 USD
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181000 USD
CY2016Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
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64000 USD
CY2016Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
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129000 USD
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3721000 USD
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1994000 USD
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933000 USD
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528000 USD
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0 USD
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2403000 USD
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0 USD
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70000 USD
CY2014 us-gaap Goodwill Impairment Loss
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0 USD
CY2015 us-gaap Goodwill Impairment Loss
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0 USD
CY2016 us-gaap Goodwill Impairment Loss
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0 USD
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CY2015Q4 us-gaap Gross Profit
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9000000 USD
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9100000 USD
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100000 USD
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300000 USD
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800000 USD
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CY2014 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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CY2015Q1 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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CY2015Q3 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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CY2015Q4 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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CY2015 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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CY2016Q1 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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CY2016Q4 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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1835000 USD
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-11418000 USD
CY2015 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
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153000 USD
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34000 USD
CY2016 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
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0.03
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CY2015 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share
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0.00
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0.00
CY2016Q4 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share
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0.00
CY2016 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share
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CY2014 us-gaap Income Tax Expense Benefit
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CY2015 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
212000 USD
CY2016 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
392000 USD
CY2014 us-gaap Income Taxes Paid
IncomeTaxesPaid
124000 USD
CY2015 us-gaap Income Taxes Paid
IncomeTaxesPaid
109000 USD
CY2016 us-gaap Income Taxes Paid
IncomeTaxesPaid
932000 USD
CY2014 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
10069000 USD
CY2015 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
9793000 USD
CY2016 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-12551000 USD
CY2016 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
2621000 USD
CY2014 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
200000 USD
CY2014 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
654000 USD
CY2015 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
809000 USD
CY2015 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
200000 USD
CY2016 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-849000 USD
CY2016 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
500000 USD
CY2014 us-gaap Interest Expense Debt
InterestExpenseDebt
14578000 USD
CY2014 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
3635000 USD
CY2015 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
722000 USD
CY2016 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
24103000 USD
CY2014 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
831000 USD
CY2015 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
1184000 USD
CY2016 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
800000 USD
CY2014 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-662000 USD
CY2015 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
1460000 USD
CY2015 us-gaap Interest Expense Debt
InterestExpenseDebt
12712000 USD
CY2016 us-gaap Interest Expense Debt
InterestExpenseDebt
14388000 USD
CY2014 us-gaap Interest Paid
InterestPaid
4657000 USD
CY2015 us-gaap Interest Paid
InterestPaid
4025000 USD
CY2016 us-gaap Interest Paid
InterestPaid
3687000 USD
CY2015Q4 us-gaap Inventory Finished Goods
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9432000 USD
CY2016Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
17922000 USD
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12024000 USD
CY2016Q4 us-gaap Inventory Net
InventoryNet
35514000 USD
CY2015Q4 us-gaap Inventory Raw Materials
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632000 USD
CY2016Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
1911000 USD
CY2015Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
1960000 USD
CY2016Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
15681000 USD
CY2014 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
1400000 USD
CY2015 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
1900000 USD
CY2016 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
2500000 USD
CY2015Q4 us-gaap Liabilities
Liabilities
241075000 USD
CY2016Q4 us-gaap Liabilities
Liabilities
393497000 USD
CY2015Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
275126000 USD
CY2016Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
456647000 USD
CY2015Q4 us-gaap Liabilities Current
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65156000 USD
CY2016Q4 us-gaap Liabilities Current
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55697000 USD
CY2015Q4 us-gaap Liabilities Of Disposal Group Including Discontinued Operation Current
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent
5319000 USD
CY2016Q4 us-gaap Liabilities Of Disposal Group Including Discontinued Operation Current
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent
0 USD
CY2015Q4 us-gaap Long Term Debt
LongTermDebt
171698000 USD
CY2016Q4 us-gaap Long Term Debt
LongTermDebt
332768000 USD
CY2015Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
171698000 USD
CY2016Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
332768000 USD
CY2015Q4 us-gaap Loss Contingency Accrual Carrying Value Current
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400000 USD
CY2016 us-gaap Loss Contingency Accrual Carrying Value Period Increase Decrease
LossContingencyAccrualCarryingValuePeriodIncreaseDecrease
-300000 USD
CY2014 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
4032000 USD
CY2015 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-371000 USD
CY2016 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
176567000 USD
CY2015Q4 us-gaap Net Income Loss
NetIncomeLoss
-27327000 USD
CY2015 us-gaap Net Income Loss
NetIncomeLoss
-73520000 USD
CY2016Q1 us-gaap Net Income Loss
NetIncomeLoss
-12481000 USD
CY2016Q2 us-gaap Net Income Loss
NetIncomeLoss
-4198000 USD
CY2016Q3 us-gaap Net Income Loss
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-3081000 USD
CY2014 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-11486000 USD
CY2015 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-15323000 USD
CY2016 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-178010000 USD
CY2014 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
8920000 USD
CY2015 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-12552000 USD
CY2016 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
15911000 USD
CY2014 us-gaap Net Income Loss
NetIncomeLoss
-51500000 USD
CY2015Q1 us-gaap Net Income Loss
NetIncomeLoss
-11834000 USD
CY2015Q2 us-gaap Net Income Loss
NetIncomeLoss
-15432000 USD
CY2015Q3 us-gaap Net Income Loss
NetIncomeLoss
-18927000 USD
CY2016Q4 us-gaap Net Income Loss
NetIncomeLoss
-9119000 USD
CY2016 us-gaap Net Income Loss
NetIncomeLoss
-28879000 USD
CY2015Q4 us-gaap Noncurrent Assets
NoncurrentAssets
41869000 USD
CY2016Q4 us-gaap Noncurrent Assets
NoncurrentAssets
46482000 USD
CY2014 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-39006000 USD
CY2015 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-12654000 USD
CY2016 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-16114000 USD
CY2016 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1
CY2016 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 segment
CY2014 us-gaap Operating Expenses
OperatingExpenses
136000000 USD
CY2015 us-gaap Operating Expenses
OperatingExpenses
182007000 USD
CY2016 us-gaap Operating Expenses
OperatingExpenses
221790000 USD
CY2014 us-gaap Operating Income Loss
OperatingIncomeLoss
-8874000 USD
CY2015Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-7266000 USD
CY2015Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-14059000 USD
CY2015Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-14794000 USD
CY2015Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
-12617000 USD
CY2015 us-gaap Operating Income Loss
OperatingIncomeLoss
-48736000 USD
CY2016Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-7699000 USD
CY2016Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-1288000 USD
CY2016Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
2418000 USD
CY2016Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
-4135000 USD
CY2016 us-gaap Operating Income Loss
OperatingIncomeLoss
-10704000 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
14380000 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
2560000 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
2383000 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
2383000 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
2455000 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
2468000 USD
CY2016Q4 us-gaap Other Accrued Liabilities Current
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7380000 USD
CY2015Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
76000 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
2131000 USD
CY2015Q4 us-gaap Other Accrued Liabilities Current
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6498000 USD
CY2014 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
6000 USD
CY2016Q4 us-gaap Other Assets Noncurrent
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216000 USD
CY2015 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-641000 USD
CY2016Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
7073000 USD
CY2014 us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
0 USD
CY2014 us-gaap Proceeds From Divestiture Of Interest In Consolidated Subsidiaries
ProceedsFromDivestitureOfInterestInConsolidatedSubsidiaries
0 USD
CY2015 us-gaap Proceeds From Divestiture Of Interest In Consolidated Subsidiaries
ProceedsFromDivestitureOfInterestInConsolidatedSubsidiaries
0 USD
CY2016 us-gaap Proceeds From Divestiture Of Interest In Consolidated Subsidiaries
ProceedsFromDivestitureOfInterestInConsolidatedSubsidiaries
5714000 USD
CY2014 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
11586000 USD
CY2015 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
7851000 USD
CY2016 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
4854000 USD
CY2016 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
135000 USD
CY2014 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
6000 USD
CY2015 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-641000 USD
CY2016 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-72000 USD
CY2016 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-207000 USD
CY2015Q4 us-gaap Other Intangible Assets Net
OtherIntangibleAssetsNet
2721000 USD
CY2016Q4 us-gaap Other Intangible Assets Net
OtherIntangibleAssetsNet
528000 USD
CY2015Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
3952000 USD
CY2016Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
5032000 USD
CY2014 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-1225000 USD
CY2015 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
58000 USD
CY2016 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
825000 USD
CY2014 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
8665000 USD
CY2015 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
2646000 USD
CY2016 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
2866000 USD
CY2015 us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
0 USD
CY2016 us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
177654000 USD
CY2015Q3 us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
5000000 USD
CY2014 us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
0 USD
CY2015 us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
4715000 USD
CY2016 us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
0 USD
CY2014 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
11486000 USD
CY2015 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
10608000 USD
CY2016 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
22115000 USD
CY2015Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2016Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2015Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000 shares
CY2016Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000 shares
CY2015Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2016Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2015Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2016Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2015Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2016Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2015Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
4283000 USD
CY2014 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
194490000 USD
CY2015 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 USD
CY2016 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
333725000 USD
CY2014 us-gaap Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
189521000 USD
CY2015 us-gaap Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
0 USD
CY2016 us-gaap Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
153628000 USD
CY2014 us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
3858000 USD
CY2015 us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
5576000 USD
CY2016 us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
5518000 USD
CY2016 us-gaap Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
16045000 USD
CY2014Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
2614000 USD
CY2015Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
4152000 USD
CY2014 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
27900000 USD
CY2015 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
43208000 USD
CY2016 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
55710000 USD
CY2015Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
1200000 USD
CY2014 us-gaap Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
0 USD
CY2015 us-gaap Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
0 USD
CY2016Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
1200000 USD
CY2014 us-gaap Restricted Stock Value Shares Issued Net Of Tax Withholdings
RestrictedStockValueSharesIssuedNetOfTaxWithholdings
-8665000 USD
CY2015 us-gaap Restricted Stock Value Shares Issued Net Of Tax Withholdings
RestrictedStockValueSharesIssuedNetOfTaxWithholdings
-2646000 USD
CY2016 us-gaap Restricted Stock Value Shares Issued Net Of Tax Withholdings
RestrictedStockValueSharesIssuedNetOfTaxWithholdings
-2866000 USD
CY2016Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
4388000 USD
CY2015Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
1592000 USD
CY2015Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-651545000 USD
CY2016Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-680424000 USD
CY2014 us-gaap Revenues
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231321000 USD
CY2015Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
69977000 USD
CY2015 us-gaap Revenues
Revenues
263893000 USD
CY2016Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
87782000 USD
CY2015Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
41793000 USD
CY2016Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
46266000 USD
CY2016Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
1642000 USD
CY2015Q4 us-gaap Product Warranty Accrual Noncurrent
ProductWarrantyAccrualNoncurrent
2560000 USD
CY2016Q4 us-gaap Product Warranty Accrual Noncurrent
ProductWarrantyAccrualNoncurrent
2746000 USD
CY2015 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
3426000 USD
CY2016 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
4366000 USD
CY2015 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
4964000 USD
CY2016 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
4602000 USD
CY2014 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
3254000 USD
CY2015 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
1184000 USD
CY2016 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
2070000 USD
CY2016 us-gaap Revenues
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366989000 USD
CY2015Q4 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
1163000 USD
CY2016Q4 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
299000 USD
CY2014 us-gaap Sales Revenue Net
SalesRevenueNet
231321000 USD
CY2015Q1 us-gaap Sales Revenue Net
SalesRevenueNet
48148000 USD
CY2015Q2 us-gaap Sales Revenue Net
SalesRevenueNet
60551000 USD
CY2015Q3 us-gaap Sales Revenue Net
SalesRevenueNet
71393000 USD
CY2015Q4 us-gaap Sales Revenue Net
SalesRevenueNet
83801000 USD
CY2015 us-gaap Sales Revenue Net
SalesRevenueNet
263893000 USD
CY2016Q1 us-gaap Sales Revenue Net
SalesRevenueNet
81213000 USD
CY2016Q2 us-gaap Sales Revenue Net
SalesRevenueNet
87330000 USD
CY2016Q3 us-gaap Sales Revenue Net
SalesRevenueNet
94871000 USD
CY2016Q4 us-gaap Sales Revenue Net
SalesRevenueNet
103575000 USD
CY2016 us-gaap Sales Revenue Net
SalesRevenueNet
366989000 USD
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
1503811 shares
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
31.89
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
20400000 USD
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
8600000 USD
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
4600000 USD
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
4646000 USD
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
364796 shares
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
1049862 shares
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
15.88
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
11.09
CY2013Q4 us-gaap Stockholders Equity
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124597000 USD
CY2014Q4 us-gaap Stockholders Equity
StockholdersEquity
83829000 USD
CY2015Q4 us-gaap Stockholders Equity
StockholdersEquity
34051000 USD
CY2014 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
50552000 USD
CY2015 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
78407000 USD
CY2016 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
94483000 USD
CY2014 us-gaap Share Based Compensation
ShareBasedCompensation
22519000 USD
CY2015 us-gaap Share Based Compensation
ShareBasedCompensation
19178000 USD
CY2016 us-gaap Share Based Compensation
ShareBasedCompensation
23617000 USD
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
4487991 shares
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
11.60
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
20196000 USD
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
2999199 shares
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
3441303 shares
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
31.37
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
32.27
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
18648000 USD
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
3167755 shares
CY2016 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
19.89
CY2016 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
31.92
CY2016 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
31.85
CY2016Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
9325000 USD
CY2016 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P6Y7M6D
CY2016 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P7Y10M24D
CY2014 us-gaap Shipping Handling And Transportation Costs
ShippingHandlingAndTransportationCosts
2300000 USD
CY2015 us-gaap Shipping Handling And Transportation Costs
ShippingHandlingAndTransportationCosts
3700000 USD
CY2016 us-gaap Shipping Handling And Transportation Costs
ShippingHandlingAndTransportationCosts
4100000 USD
CY2016 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
242962 shares
CY2014Q3 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
12600000 USD
CY2014 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
12564000 USD
CY2014 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
583000 USD
CY2015 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
652000 USD
CY2016 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
802000 USD
CY2014 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
11085000 USD
CY2015 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
7199000 USD
CY2016 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
4832000 USD
CY2016 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:6px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;color:#000000;font-style:italic;font-weight:bold;text-decoration:none;">Use of Estimates in Preparation of Financial Statements</font></div><div style="line-height:120%;padding-top:6px;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions in the application of certain of its significant accounting policies that may materially affect the reported amounts of assets, liabilities, equity, revenue and expenses. The most significant estimates used in these financial statements include the valuation of stock-based compensation expense, acquired businesses, accounts receivable, inventories, goodwill, deferred revenue, equity instruments, convertible debt, the lives of property and equipment and intangible assets, as well as warranty and doubtful accounts allowance reserve calculations. Actual results may differ from those estimates.</font></div></div>
CY2016Q4 us-gaap Stockholders Equity
StockholdersEquity
63150000 USD
CY2016Q4 us-gaap Undistributed Earnings Of Foreign Subsidiaries
UndistributedEarningsOfForeignSubsidiaries
800000 USD
CY2016Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 USD
CY2014 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
55628542 shares
CY2015 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
56785646 shares
CY2016 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
57251377 shares
CY2016 us-gaap Nature Of Operations
NatureOfOperations
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:6px;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;color:#000000;font-style:normal;font-weight:bold;text-decoration:none;">Nature of the Business</font></div><div style="line-height:120%;padding-top:12px;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Insulet Corporation, the "Company," is primarily engaged in the development, manufacturing and sale of its proprietary Omnipod Insulin Management System (the &#8220;Omnipod System&#8221;), an innovative, discreet and easy-to-use continuous insulin delivery system for people with insulin-dependent diabetes. The Omnipod System features a small, lightweight, self-adhesive disposable tubeless Omnipod device which is worn on the body for approximately three days at a time and its wireless companion, the handheld Personal Diabetes Manager (&#8220;PDM&#8221;). Conventional insulin pumps require people with insulin-dependent diabetes to learn to use, manage and wear a number of cumbersome components, including up to </font><font style="font-family:Arial;font-size:10pt;">42</font><font style="font-family:Arial;font-size:10pt;">&#160;inches of tubing. In contrast, the Omnipod System features only two discreet, easy-to-use devices that eliminate the need for a bulky pump, tubing and separate blood glucose meter, provides for virtually pain-free automated cannula insertion, communicates wirelessly and integrates a blood glucose meter. The Company believes that the Omnipod System&#8217;s unique proprietary design and features allow people with insulin-dependent diabetes to manage their diabetes with unprecedented freedom, comfort, convenience, and ease. </font></div><div style="line-height:120%;padding-top:12px;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Commercial sales of the Omnipod System began in the United States in 2005. The Company sells the Omnipod System in the United States through direct sales to customers or through its distribution partners. The Omnipod System is currently available in multiple countries in Europe, Canada and Israel.</font></div><div style="line-height:120%;padding-top:6px;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">In addition to using the Omnipod for insulin delivery, the Company also partners with global pharmaceutical and biotechnology companies to tailor the Omnipod System technology platform for the delivery of subcutaneous drugs across multiple therapeutic areas. </font></div><div style="line-height:120%;padding-top:12px;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">The Company acquired Neighborhood Holdings, Inc. and its wholly-owned subsidiaries (collectively, &#8220;Neighborhood Diabetes&#8221;) in </font><font style="font-family:Arial;font-size:10pt;">June 2011</font><font style="font-family:Arial;font-size:10pt;">. Through Neighborhood Diabetes, the Company provided customers with blood glucose testing supplies, traditional insulin pumps, pump supplies and pharmaceuticals and had the ability to process claims as either durable medical equipment or through pharmacy benefits. In February 2016, the Company sold Neighborhood Diabetes to Liberty Medical LLC ("Liberty Medical"). Additional information regarding the disposition and treatment of the Neighborhood Diabetes business as discontinued operations is provided in note </font><font style="font-family:Arial;font-size:10pt;">3</font><font style="font-family:Arial;font-size:10pt;"> to these consolidated financial statements.</font></div></div>
CY2016 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:6px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;color:#000000;font-style:italic;font-weight:bold;text-decoration:none;">Reclassification of Prior Period Balances</font></div><div style="line-height:120%;padding-top:6px;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Certain reclassifications have been made to prior period amounts to conform to the current period financial statement presentation including adjusting footnotes to reflect the presentation of discontinued operations as further discussed in note </font><font style="font-family:Arial;font-size:10pt;">3</font><font style="font-family:Arial;font-size:10pt;">. These reclassifications have no effect on the previously reported net loss.</font></div></div>

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