2017 Q4 Form 10-Q Financial Statement

#000114519717000017 Filed on November 03, 2017

View on sec.gov

Income Statement

Concept 2017 Q4 2017 Q3 2016 Q3
Revenue $130.5M $121.8M $94.87M
YoY Change 26.02% 28.36% 32.89%
Cost Of Revenue $51.00M $48.15M $39.23M
YoY Change 19.72% 22.74% -1.49%
Gross Profit $79.51M $73.62M $55.64M
YoY Change 30.48% 32.32% 76.25%
Gross Profit Margin 60.91% 60.46% 58.65%
Selling, General & Admin $61.50M $51.44M $39.49M
YoY Change 25.51% 30.25% 8.7%
% of Gross Profit 77.35% 69.86% 70.97%
Research & Development $18.80M $20.14M $13.73M
YoY Change 17.5% 46.65% 36.86%
% of Gross Profit 23.65% 27.36% 24.68%
Depreciation & Amortization $3.320M $3.820M $3.620M
YoY Change -1.19% 5.52% -15.81%
% of Gross Profit 4.18% 5.19% 6.51%
Operating Expenses $80.30M $71.58M $53.22M
YoY Change 23.35% 34.49% 14.79%
Operating Profit -$768.0K $2.047M $2.418M
YoY Change -81.43% -15.34% -116.34%
Interest Expense -$5.500M -$4.200M -$2.800M
YoY Change -15.38% 50.0% -9.68%
% of Operating Profit -205.18% -115.8%
Other Income/Expense, Net -$4.153M -$5.369M
YoY Change -22.65% 70.66%
Pretax Income -$6.900M -$2.106M -$2.951M
YoY Change -23.33% -28.63% -83.55%
Income Tax -$400.0K $100.0K $100.0K
% Of Pretax Income
Net Earnings -$6.860M -$2.227M -$3.081M
YoY Change -24.77% -27.72% -83.72%
Net Earnings / Revenue -5.26% -1.83% -3.25%
Basic Earnings Per Share -$0.04
Diluted Earnings Per Share -$118.6K -$0.04 -$54.10K
COMMON SHARES
Basic Shares Outstanding 58.19M shares 58.10M shares 57.27M shares
Diluted Shares Outstanding 58.10M shares

Balance Sheet

Concept 2017 Q4 2017 Q3 2016 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $440.1M $275.8M $282.7M
YoY Change 47.39% -2.44% 94.3%
Cash & Equivalents $272.6M $102.2M $215.4M
Short-Term Investments $167.5M $173.5M $67.30M
Other Short-Term Assets $9.900M $8.000M $7.900M
YoY Change 39.44% 1.27% 97.5%
Inventory $33.79M $35.05M $32.66M
Prepaid Expenses $9.949M
Receivables $53.37M $47.17M $38.55M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $537.2M $366.0M $361.8M
YoY Change 45.2% 1.16% 86.17%
LONG-TERM ASSETS
Property, Plant & Equipment $107.9M $88.49M $50.91M
YoY Change 141.02% 73.82% 22.57%
Goodwill $39.80M $39.85M $39.73M
YoY Change 0.31% 0.31% 1553.35%
Intangibles $4.351M
YoY Change
Long-Term Investments $125.5M
YoY Change
Other Assets $1.969M $1.614M $98.00K
YoY Change 811.57% 1546.94% -97.76%
Total Long-Term Assets $279.6M $134.3M $91.39M
YoY Change 222.51% 46.98% -7.48%
TOTAL ASSETS
Total Short-Term Assets $537.2M $366.0M $361.8M
Total Long-Term Assets $279.6M $134.3M $91.39M
Total Assets $816.7M $500.3M $453.2M
YoY Change 78.86% 10.4% 54.61%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $24.41M $28.65M $18.21M
YoY Change 85.51% 57.3% 16.64%
Accrued Expenses $59.26M $44.90M $33.73M
YoY Change 43.73% 33.1% -5.11%
Deferred Revenue $2.356M
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $1.100M
YoY Change -100.0% -81.67%
Total Short-Term Liabilities $86.03M $74.94M $54.25M
YoY Change 54.45% 38.13% -8.72%
LONG-TERM LIABILITIES
Long-Term Debt $566.2M $345.0M $329.0M
YoY Change 70.14% 4.86% 89.2%
Other Long-Term Liabilities $6.030M $6.201M $4.888M
YoY Change 19.83% 26.86% 35.06%
Total Long-Term Liabilities $572.2M $351.2M $333.9M
YoY Change 69.39% 5.18% 88.1%
TOTAL LIABILITIES
Total Short-Term Liabilities $86.03M $74.94M $54.25M
Total Long-Term Liabilities $572.2M $351.2M $333.9M
Total Liabilities $658.2M $426.1M $388.1M
YoY Change 67.28% 9.79% 63.08%
SHAREHOLDERS EQUITY
Retained Earnings -$707.3M -$700.4M -$671.3M
YoY Change 3.94% 4.33% 7.54%
Common Stock $58.00K $58.00K $57.00K
YoY Change 1.75% 1.75% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $158.5M $74.25M $65.10M
YoY Change
Total Liabilities & Shareholders Equity $816.7M $500.3M $453.2M
YoY Change 78.86% 10.4% 54.61%

Cashflow Statement

Concept 2017 Q4 2017 Q3 2016 Q3
OPERATING ACTIVITIES
Net Income -$6.860M -$2.227M -$3.081M
YoY Change -24.77% -27.72% -83.72%
Depreciation, Depletion And Amortization $3.320M $3.820M $3.620M
YoY Change -1.19% 5.52% -15.81%
Cash From Operating Activities $21.80M $23.28M $2.680M
YoY Change 8.62% 768.66% -69.34%
INVESTING ACTIVITIES
Capital Expenditures -$29.42M -$8.740M -$13.30M
YoY Change 911.0% -34.29% 425.69%
Acquisitions
YoY Change
Other Investing Activities -$119.9M $11.53M -$31.74M
YoY Change 27.17% -136.33% 572.46%
Cash From Investing Activities -$149.3M $2.780M -$45.04M
YoY Change 53.64% -106.17% 522.1%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 297.9M 2.460M 182.2M
YoY Change -30190.91% -98.65% -19073.96%
NET CHANGE
Cash From Operating Activities 21.80M 23.28M 2.680M
Cash From Investing Activities -149.3M 2.780M -45.04M
Cash From Financing Activities 297.9M 2.460M 182.2M
Net Change In Cash 170.4M 28.52M 139.8M
YoY Change -318.17% -79.6% 25787.04%
FREE CASH FLOW
Cash From Operating Activities $21.80M $23.28M $2.680M
Capital Expenditures -$29.42M -$8.740M -$13.30M
Free Cash Flow $51.22M $32.02M $15.98M
YoY Change 122.89% 100.38% 41.79%

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2041000 USD
us-gaap Increase Decrease In Deferred Revenue
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537000 USD
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-2551000 USD
CY2017Q3 us-gaap Finite Lived Intangible Assets Net
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4369000 USD
CY2016Q3 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
0 USD
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
0 USD
CY2017Q3 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
0 USD
us-gaap Gains Losses On Extinguishment Of Debt
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-2551000 USD
CY2017Q3 us-gaap Gains Losses On Extinguishment Of Debt
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0 USD
us-gaap Gains Losses On Extinguishment Of Debt
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0 USD
CY2016Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
17342000 USD
us-gaap General And Administrative Expense
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47923000 USD
CY2017Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
22718000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
62322000 USD
CY2016Q4 us-gaap Goodwill
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39677000 USD
CY2017Q3 us-gaap Goodwill
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39854000 USD
CY2016Q3 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2016Q3 us-gaap Gross Profit
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55641000 USD
us-gaap Gross Profit
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150149000 USD
CY2017Q3 us-gaap Gross Profit
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73624000 USD
us-gaap Gross Profit
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197661000 USD
CY2016Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-2951000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-17862000 USD
CY2017Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-2106000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-19653000 USD
CY2016Q3 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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-3017000 USD
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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-18057000 USD
CY2017Q3 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-2227000 USD
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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-19971000 USD
CY2016Q3 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
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-0.05
us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
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CY2017Q3 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
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-0.04
us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
-0.34
CY2016Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
-64000 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
-1703000 USD
CY2017Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
0 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
0 USD
CY2016Q3 us-gaap Income Tax Expense Benefit
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66000 USD
CY2016Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
100000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
195000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
200000 USD
CY2017Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
121000 USD
CY2017Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
100000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
318000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
300000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
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2839000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
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3816000 USD
us-gaap Increase Decrease In Accounts Receivable
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-2994000 USD
us-gaap Increase Decrease In Accounts Receivable
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19757000 USD
us-gaap Increase Decrease In Inventories
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21287000 USD
us-gaap Increase Decrease In Inventories
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-428000 USD
us-gaap Increase Decrease In Other Operating Liabilities
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756000 USD
us-gaap Increase Decrease In Other Operating Liabilities
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668000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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3268000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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1290000 USD
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3029000 USD
us-gaap Interest Expense Debt
InterestExpenseDebt
9252000 USD
CY2017Q3 us-gaap Interest Expense Debt
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4709000 USD
us-gaap Interest Expense Debt
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14512000 USD
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17922000 USD
CY2017Q3 us-gaap Inventory Finished Goods
InventoryFinishedGoods
17597000 USD
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35514000 USD
CY2017Q3 us-gaap Inventory Net
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35054000 USD
CY2016Q4 us-gaap Inventory Raw Materials
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1911000 USD
CY2017Q3 us-gaap Inventory Raw Materials
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2289000 USD
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15681000 USD
CY2017Q3 us-gaap Inventory Work In Process
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15168000 USD
CY2016Q3 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
700000 USD
us-gaap Lease And Rental Expense
LeaseAndRentalExpense
1900000 USD
CY2017Q3 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
700000 USD
us-gaap Lease And Rental Expense
LeaseAndRentalExpense
2100000 USD
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393497000 USD
CY2017Q3 us-gaap Liabilities
Liabilities
426094000 USD
CY2016Q4 us-gaap Liabilities And Stockholders Equity
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456647000 USD
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LiabilitiesAndStockholdersEquity
500348000 USD
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55697000 USD
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74940000 USD
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332768000 USD
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344953000 USD
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400000 USD
CY2016Q4 us-gaap Loss Contingency Accrual Carrying Value Current
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300000 USD
CY2015Q2 us-gaap Loss Contingency Claims Dismissed Number
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2 LegalMatter
CY2017Q3 us-gaap Loss Contingency Damages Paid Value
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300000 USD
CY2015Q2 us-gaap Loss Contingency New Claims Filed Number
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3 LegalMatter
us-gaap Net Cash Provided By Used In Financing Activities
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177558000 USD
us-gaap Net Cash Provided By Used In Financing Activities
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6650000 USD
us-gaap Net Cash Provided By Used In Investing Activities
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-80827000 USD
us-gaap Net Cash Provided By Used In Investing Activities
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-61485000 USD
us-gaap Net Cash Provided By Used In Operating Activities
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-4159000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
19407000 USD
CY2016Q3 us-gaap Net Income Loss
NetIncomeLoss
-3081000 USD
us-gaap Net Income Loss
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-19760000 USD
CY2017Q3 us-gaap Net Income Loss
NetIncomeLoss
-2227000 USD
us-gaap Net Income Loss
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-19971000 USD
us-gaap Proceeds From Issuance Of Common Stock
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4848000 USD
us-gaap Repayments Of Long Term Capital Lease Obligations
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269000 USD
CY2016Q4 us-gaap Noncurrent Assets
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44969000 USD
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88622000 USD
CY2016Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
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us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-11293000 USD
CY2017Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-4153000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-13034000 USD
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 segment
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OperatingExpenses
53223000 USD
us-gaap Operating Expenses
OperatingExpenses
156718000 USD
CY2017Q3 us-gaap Operating Expenses
OperatingExpenses
71577000 USD
us-gaap Operating Expenses
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204280000 USD
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OperatingIncomeLoss
2418000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
-6569000 USD
CY2017Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
2047000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
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13024000 USD
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2702000 USD
CY2017Q3 us-gaap Operating Leases Future Minimum Payments Due In Rolling Year Four
OperatingLeasesFutureMinimumPaymentsDueInRollingYearFour
2383000 USD
CY2017Q3 us-gaap Operating Leases Future Minimum Payments Due In Rolling Year Three
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2402000 USD
CY2017Q3 us-gaap Operating Leases Future Minimum Payments Due In Rolling Year Two
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2681000 USD
CY2017Q3 us-gaap Operating Leases Future Minimum Payments Due Thereafter
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2131000 USD
CY2017Q3 us-gaap Operating Leases Future Minimum Payments Remainder Of Fiscal Year
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725000 USD
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7948000 USD
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6021000 USD
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216000 USD
CY2017Q3 us-gaap Other Assets Noncurrent
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1614000 USD
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us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
302000 USD
CY2017Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
329000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
594000 USD
CY2016Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-145000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
267000 USD
CY2017Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
405000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
603000 USD
CY2016Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-43000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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-35000 USD
CY2017Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
76000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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9000 USD
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5032000 USD
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6201000 USD
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OtherNonoperatingIncomeExpense
211000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
510000 USD
CY2017Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
556000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
1478000 USD
us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
139000 USD
us-gaap Other Operating Activities Cash Flow Statement
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519000 USD
us-gaap Proceeds From Divestiture Of Interest In Consolidated Subsidiaries
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0 USD
us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
76241000 USD
us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
115056000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
19205000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
47813000 USD
CY2016Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2017Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2016Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000 shares
CY2017Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000 shares
CY2016Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2017Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2016Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2017Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2016Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2017Q3 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2016Q4 us-gaap Prepaid Expense And Other Assets Current
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7073000 USD
CY2017Q3 us-gaap Prepaid Expense And Other Assets Current
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8037000 USD
us-gaap Proceeds From Divestiture Of Interest In Consolidated Subsidiaries
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5714000 USD
us-gaap Proceeds From Issuance Of Common Stock
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10735000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
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333904000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 USD
us-gaap Proceeds From Sale Of Short Term Investments
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8905000 USD
us-gaap Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
101384000 USD
CY2015Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
4152000 USD
CY2016Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
4294000 USD
CY2016Q3 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
4342000 USD
CY2016Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
4388000 USD
CY2017Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
4817000 USD
CY2017Q3 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
4997000 USD
CY2016Q4 us-gaap Product Warranty Accrual Classified Current
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1642000 USD
CY2017Q3 us-gaap Product Warranty Accrual Classified Current
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1583000 USD
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ProductWarrantyAccrualNoncurrent
2746000 USD
CY2017Q3 us-gaap Product Warranty Accrual Noncurrent
ProductWarrantyAccrualNoncurrent
3414000 USD
CY2016Q3 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
1101000 USD
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
3098000 USD
CY2017Q3 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
1303000 USD
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
2514000 USD
CY2016Q3 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
1149000 USD
us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
3288000 USD
CY2017Q3 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
1483000 USD
us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
3123000 USD
CY2016Q4 us-gaap Property Plant And Equipment Net
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44753000 USD
CY2017Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
88491000 USD
us-gaap Provision For Doubtful Accounts
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1889000 USD
us-gaap Provision For Doubtful Accounts
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1502000 USD
us-gaap Repayments Of Convertible Debt
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us-gaap Repayments Of Convertible Debt
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0 USD
us-gaap Repayments Of Long Term Capital Lease Obligations
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4727000 USD
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1200000 USD
CY2016Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
13734000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
39676000 USD
CY2017Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
20141000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
55670000 USD
CY2017Q3 us-gaap Restricted Cash And Cash Equivalents
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500000 USD
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CY2017Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
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CY2016Q3 us-gaap Revenues
Revenues
94871000 USD
us-gaap Revenues
Revenues
263414000 USD
CY2017Q3 us-gaap Revenues
Revenues
121775000 USD
us-gaap Revenues
Revenues
333244000 USD
CY2016Q3 us-gaap Sales Revenue Net
SalesRevenueNet
94871000 USD
us-gaap Sales Revenue Net
SalesRevenueNet
263414000 USD
CY2017Q3 us-gaap Sales Revenue Net
SalesRevenueNet
121775000 USD
us-gaap Sales Revenue Net
SalesRevenueNet
333244000 USD
CY2016Q3 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
22147000 USD
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
69119000 USD
CY2017Q3 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
28718000 USD
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
86288000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
16850000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
23551000 USD
CY2017Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
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5100000 shares
CY2017Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
1860596 shares
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
33.41
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
4400000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
7700000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
7696000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
85796 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
519231 shares
CY2017Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
70718000 USD
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
3441303 shares
CY2017Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
3489393 shares
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
32.27
CY2017Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
34.82
CY2017Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
67057000 USD
CY2017Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
3282803.92 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
26.11
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
34.82
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
45.23
CY2017Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
40326000 USD
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P7Y1M10D
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P7Y9M14D
CY2016Q3 us-gaap Shipping Handling And Transportation Costs
ShippingHandlingAndTransportationCosts
1100000 USD
us-gaap Shipping Handling And Transportation Costs
ShippingHandlingAndTransportationCosts
2800000 USD
CY2017Q3 us-gaap Shipping Handling And Transportation Costs
ShippingHandlingAndTransportationCosts
1300000 USD
us-gaap Shipping Handling And Transportation Costs
ShippingHandlingAndTransportationCosts
3500000 USD
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
385345 shares
CY2016Q4 us-gaap Stockholders Equity
StockholdersEquity
63150000 USD
CY2017Q3 us-gaap Stockholders Equity
StockholdersEquity
74254000 USD
CY2017Q3 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 USD
CY2016Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
57341000 shares
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
57189000 shares
CY2017Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
58100000 shares
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
57925000 shares
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:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Nature of the Business </font></div><div style="line-height:120%;padding-top:12px;text-indent:0px;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 (&#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 ("PDM"). 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;"> 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-align:left;text-indent:0px;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, as well as in Canada and Israel. </font></div><div style="line-height:120%;padding-top:12px;text-align:left;text-indent:0px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;background-color:#ffffff;">The Company announced on July 20, 2017 its plans to assume, on July 1, 2018, the distribution, sales, marketing, training and support activities of its Omnipod System across Europe following the expiration of its global distribution agreement with Ypsomed Distribution AG ("Ypsomed') on June 30, 2018. Until the expiration of the agreement, Ypsomed will remain the distributor of the Company's Omnipod products in Europe. The Company will be required to pay to Ypsomed a per unit fee for direct sales over the 12 month period following the expiration of the global distribution agreement of its Omnipod device to former customers of Ypsomed, as defined in the distribution agreement. The Company will recognize a liability for this fee as it sells its Omnipod device to these customers during the twelve-month period beginning July 1, 2018. </font></div><div style="line-height:120%;padding-top:12px;text-indent:0px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">In addition to using the Omnipod System 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:0px;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>
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:0px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-style:italic;font-weight:bold;">Reclassification of Prior Period Balances</font></div><div style="line-height:120%;padding-top:0px;text-indent:0px;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 the reclassification of capitalized internal-use software costs from&#160;property and equipment to&#160;other intangible assets for the year ended December 31, 2016 upon adoption of Accounting Standards Update ("ASU")&#160;2016-19,&#160;</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Technical Corrections and Improvements</font><font style="font-family:Arial;font-size:10pt;">.</font></div></div>
us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:0px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-style:italic;font-weight:bold;">Use of Estimates in Preparation of Financial Statements</font></div><div style="line-height:120%;padding-top:0px;text-indent:0px;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; the fair value of intangible assets acquired in businesses combinations; the valuation of inventory; the fair value of reporting units used to calculate the potential impairment of goodwill; the valuation of deferred revenue; the calculation of gains and losses, if any, on the retirement or conversion of convertible debt; the estimated useful lives of property and equipment and intangible assets; the amount of internal use software development costs that qualify for capitalization; the estimated amount, if any, of accrued contingent liabilities as well as warranty and doubtful accounts allowance reserve calculations. Actual results may differ from those estimates.</font></div></div>

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