2017 Q4 Form 10-K Financial Statement

#000114519718000004 Filed on February 22, 2018

View on sec.gov

Income Statement

Concept 2017 Q4 2017 2016 Q4
Revenue $130.5M $463.8M $103.6M
YoY Change 26.02% 26.37% 23.6%
Cost Of Revenue $51.00M $186.6M $42.60M
YoY Change 19.72% 19.69% 1.91%
Gross Profit $79.51M $277.2M $60.94M
YoY Change 30.48% 31.32% 45.11%
Gross Profit Margin 60.91% 59.77% 58.83%
Selling, General & Admin $61.50M $208.9M $49.00M
YoY Change 25.51% 25.78% 17.51%
% of Gross Profit 77.35% 75.36% 80.41%
Research & Development $18.80M $75.70M $16.00M
YoY Change 17.5% 35.88% 24.03%
% of Gross Profit 23.65% 27.31% 26.26%
Depreciation & Amortization $3.320M $13.90M $3.360M
YoY Change -1.19% 0.48% -24.15%
% of Gross Profit 4.18% 5.01% 5.51%
Operating Expenses $80.30M $284.6M $65.10M
YoY Change 23.35% 28.32% 19.23%
Operating Profit -$768.0K -$7.400M -$4.135M
YoY Change -81.43% -30.87% -67.23%
Interest Expense -$5.500M $21.20M -$6.500M
YoY Change -15.38% 47.35% 103.13%
% of Operating Profit
Other Income/Expense, Net -$19.19M $1.700M
YoY Change 19.07%
Pretax Income -$6.900M -$27.70M -$9.000M
YoY Change -23.33% 3.29% -43.04%
Income Tax -$400.0K $200.0K $200.0K
% Of Pretax Income
Net Earnings -$6.860M -$26.80M -$9.119M
YoY Change -24.77% -7.2% -66.63%
Net Earnings / Revenue -5.26% -5.78% -8.8%
Basic Earnings Per Share -$0.46
Diluted Earnings Per Share -$118.6K -$0.46 -$158.5K
COMMON SHARES
Basic Shares Outstanding 58.19M shares 58.00M shares 57.43M shares
Diluted Shares Outstanding 58.00M shares

Balance Sheet

Concept 2017 Q4 2017 2016 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $440.1M $440.1M $298.6M
YoY Change 47.39% 47.39% 143.36%
Cash & Equivalents $272.6M $272.6M $137.2M
Short-Term Investments $167.5M $167.5M $161.4M
Other Short-Term Assets $9.900M $9.900M $7.100M
YoY Change 39.44% 39.44% -47.79%
Inventory $33.79M $33.80M $35.51M
Prepaid Expenses $9.949M
Receivables $53.37M $53.40M $28.80M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $537.2M $537.2M $370.0M
YoY Change 45.2% 45.19% 93.94%
LONG-TERM ASSETS
Property, Plant & Equipment $107.9M $107.9M $44.75M
YoY Change 141.02% 133.05% 7.08%
Goodwill $39.80M $39.68M
YoY Change 0.31% 0.18%
Intangibles $4.351M
YoY Change
Long-Term Investments $125.5M $125.5M
YoY Change
Other Assets $1.969M $2.000M $216.0K
YoY Change 811.57% 900.0% 184.21%
Total Long-Term Assets $279.6M $279.5M $86.69M
YoY Change 222.51% 222.75% 2.75%
TOTAL ASSETS
Total Short-Term Assets $537.2M $537.2M $370.0M
Total Long-Term Assets $279.6M $279.5M $86.69M
Total Assets $816.7M $816.7M $456.6M
YoY Change 78.86% 78.87% 65.98%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $24.41M $24.40M $13.16M
YoY Change 85.51% 84.85% -13.5%
Accrued Expenses $59.26M $59.30M $41.23M
YoY Change 43.73% 44.63% 12.2%
Deferred Revenue $2.356M
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $300.0K
YoY Change -100.0% -94.55%
Total Short-Term Liabilities $86.03M $86.00M $55.70M
YoY Change 54.45% 54.4% -14.52%
LONG-TERM LIABILITIES
Long-Term Debt $566.2M $566.2M $332.8M
YoY Change 70.14% 70.13% 93.81%
Other Long-Term Liabilities $6.030M $6.000M $5.032M
YoY Change 19.83% 20.0% 27.33%
Total Long-Term Liabilities $572.2M $572.2M $337.8M
YoY Change 69.39% 69.39% 92.31%
TOTAL LIABILITIES
Total Short-Term Liabilities $86.03M $86.00M $55.70M
Total Long-Term Liabilities $572.2M $572.2M $337.8M
Total Liabilities $658.2M $658.2M $393.5M
YoY Change 67.28% 67.27% 63.23%
SHAREHOLDERS EQUITY
Retained Earnings -$707.3M -$680.4M
YoY Change 3.94% 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 $158.5M $158.5M $63.10M
YoY Change
Total Liabilities & Shareholders Equity $816.7M $816.7M $456.6M
YoY Change 78.86% 78.87% 65.98%

Cashflow Statement

Concept 2017 Q4 2017 2016 Q4
OPERATING ACTIVITIES
Net Income -$6.860M -$26.80M -$9.119M
YoY Change -24.77% -7.2% -66.63%
Depreciation, Depletion And Amortization $3.320M $13.90M $3.360M
YoY Change -1.19% 0.48% -24.15%
Cash From Operating Activities $21.80M $41.30M $20.07M
YoY Change 8.62% 159.57% -207.96%
INVESTING ACTIVITIES
Capital Expenditures -$29.42M $73.80M -$2.910M
YoY Change 911.0% 233.71% -16.38%
Acquisitions
YoY Change
Other Investing Activities -$119.9M -$133.6M -$94.28M
YoY Change 27.17% -14.32%
Cash From Investing Activities -$149.3M -$210.8M -$97.18M
YoY Change 53.64% 18.42% 2692.53%
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 $304.5M -990.0K
YoY Change -30190.91% 72.46% 50.0%
NET CHANGE
Cash From Operating Activities 21.80M $41.30M 20.07M
Cash From Investing Activities -149.3M -$210.8M -97.18M
Cash From Financing Activities 297.9M $304.5M -990.0K
Net Change In Cash 170.4M $135.4M -78.10M
YoY Change -318.17% 833.66% 243.6%
FREE CASH FLOW
Cash From Operating Activities $21.80M $41.30M $20.07M
Capital Expenditures -$29.42M $73.80M -$2.910M
Free Cash Flow $51.22M -$32.50M $22.98M
YoY Change 122.89% 423.86% -252.08%

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170448000 USD
CY2015 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
0 USD
CY2016 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
0 USD
CY2017 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-347000 USD
CY2016Q4 us-gaap Deferred Finance Costs Noncurrent Net
DeferredFinanceCostsNoncurrentNet
9632000 USD
CY2017Q4 us-gaap Deferred Finance Costs Noncurrent Net
DeferredFinanceCostsNoncurrentNet
14543000 USD
CY2015 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-181000 USD
CY2016 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-199000 USD
CY2017 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-241000 USD
CY2015 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-181000 USD
CY2016 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-199000 USD
CY2017 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-497000 USD
CY2016Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
28351000 USD
CY2017Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
45306000 USD
CY2016Q4 us-gaap Deferred Revenue
DeferredRevenue
1900000 USD
CY2017Q4 us-gaap Deferred Revenue
DeferredRevenue
3200000 USD
CY2016Q4 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
1309000 USD
CY2017Q4 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
2356000 USD
CY2015 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
0 USD
CY2016 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
0 USD
CY2017 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
91000 USD
CY2016Q4 us-gaap Deferred Tax Assets Capital Loss Carryforwards
DeferredTaxAssetsCapitalLossCarryforwards
18961000 USD
CY2017Q4 us-gaap Deferred Tax Assets Capital Loss Carryforwards
DeferredTaxAssetsCapitalLossCarryforwards
12850000 USD
CY2016Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
219858000 USD
CY2017Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
173341000 USD
CY2017Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
108000 USD
CY2016Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
169203000 USD
CY2017Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
129184000 USD
CY2016Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards Domestic
DeferredTaxAssetsOperatingLossCarryforwardsDomestic
535700000 USD
CY2017Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards Domestic
DeferredTaxAssetsOperatingLossCarryforwardsDomestic
543600000 USD
CY2016Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards State And Local
DeferredTaxAssetsOperatingLossCarryforwardsStateAndLocal
216200000 USD
CY2017Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
12700000 USD
CY2016Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
10359000 USD
CY2017Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
9799000 USD
CY2016Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts
1330000 USD
CY2017Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards State And Local
DeferredTaxAssetsOperatingLossCarryforwardsStateAndLocal
250600000 USD
CY2016Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
4701000 USD
CY2017Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
4449000 USD
CY2016Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
8000000 USD
CY2016Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
8007000 USD
CY2017Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
12705000 USD
CY2017Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts
824000 USD
CY2016Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
191922000 USD
CY2017Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
127927000 USD
CY2016Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
415000 USD
CY2016Q4 us-gaap Deferred Tax Liabilities Deferred Expense Deferred Financing Costs
DeferredTaxLiabilitiesDeferredExpenseDeferredFinancingCosts
25977000 USD
CY2017Q4 us-gaap Deferred Tax Liabilities Deferred Expense Deferred Financing Costs
DeferredTaxLiabilitiesDeferredExpenseDeferredFinancingCosts
43083000 USD
CY2016Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Goodwill
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsGoodwill
855000 USD
CY2017Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Goodwill
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsGoodwill
633000 USD
CY2016Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
33000 USD
CY2017Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
5000 USD
CY2016Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
313000 USD
CY2017Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
259000 USD
CY2016Q4 us-gaap Deferred Tax Liabilities Prepaid Expenses
DeferredTaxLiabilitiesPrepaidExpenses
1173000 USD
CY2017Q4 us-gaap Deferred Tax Liabilities Prepaid Expenses
DeferredTaxLiabilitiesPrepaidExpenses
1326000 USD
CY2015 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
1600000 USD
CY2016 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
1600000 USD
CY2017 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
3000000 USD
CY2017 us-gaap Defined Contribution Plan Employer Matching Contribution Percent
DefinedContributionPlanEmployerMatchingContributionPercent
0.06
CY2017 us-gaap Defined Contribution Plan Maximum Annual Contributions Per Employee Percent
DefinedContributionPlanMaximumAnnualContributionsPerEmployeePercent
1
CY2015 us-gaap Depreciation
Depreciation
11000000 USD
CY2016 us-gaap Depreciation
Depreciation
12600000 USD
CY2017 us-gaap Depreciation
Depreciation
12700000 USD
CY2015 us-gaap Depreciation And Amortization Discontinued Operations
DepreciationAndAmortizationDiscontinuedOperations
3300000 USD
CY2016 us-gaap Depreciation And Amortization Discontinued Operations
DepreciationAndAmortizationDiscontinuedOperations
100000 USD
CY2017 us-gaap Depreciation And Amortization Discontinued Operations
DepreciationAndAmortizationDiscontinuedOperations
0 USD
CY2015 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
15838000 USD
CY2016 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
13833000 USD
CY2017 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
13854000 USD
CY2016 us-gaap Discontinued Operation Intra Entity Amounts Discontinued Operation After Disposal Expense
DiscontinuedOperationIntraEntityAmountsDiscontinuedOperationAfterDisposalExpense
900000 USD
CY2015 us-gaap Discontinued Operation Tax Effect Of Discontinued Operation
DiscontinuedOperationTaxEffectOfDiscontinuedOperation
79000 USD
CY2016 us-gaap Discontinued Operation Tax Effect Of Discontinued Operation
DiscontinuedOperationTaxEffectOfDiscontinuedOperation
408000 USD
CY2016Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.19
CY2016Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.08
CY2016Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.05
CY2016Q4 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.16
CY2017Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.17
CY2017Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.13
CY2017Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.04
CY2017Q4 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.12
CY2015 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-275000 USD
CY2016 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
34000 USD
CY2017 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
446000 USD
CY2015 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.0035
CY2016 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.0146
CY2017 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.0097
CY2015 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.34
CY2016 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.34
CY2017 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.34
CY2015 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.3711
CY2016 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.1345
CY2017 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.5791
CY2015 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
-0.0209
CY2016 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
-0.1103
CY2017 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
-0.0055
CY2015 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.0028
CY2016 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.0015
CY2017 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.0098
CY2015 us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
0.0000
CY2016 us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
0.0000
CY2017 us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
0.0098
CY2015 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.0306
CY2016 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
-0.1086
CY2017 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.1021
CY2015 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
-0.0151
CY2016 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
-0.0003
CY2017 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
-0.1328
CY2017Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
41200000 USD
CY2016Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
4017000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
5329000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
11000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
1400000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
383000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
623000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
812000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
1122000 USD
CY2016Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
6058000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
9680000 USD
CY2016Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
2041000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
4351000 USD
CY2015 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
CY2016 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-2551000 USD
CY2017 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-609000 USD
CY2015 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
60392000 USD
CY2016 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
71597000 USD
CY2017 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
88487000 USD
CY2015Q4 us-gaap Goodwill
Goodwill
39607000 USD
CY2016Q4 us-gaap Goodwill
Goodwill
39677000 USD
CY2017Q4 us-gaap Goodwill
Goodwill
39840000 USD
CY2015Q3 us-gaap Goodwill
Goodwill
2403000 USD
CY2016 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
70000 USD
CY2017 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
163000 USD
CY2015 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2016 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2017 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2015 us-gaap Gross Profit
GrossProfit
133271000 USD
CY2016Q1 us-gaap Gross Profit
GrossProfit
44051000 USD
CY2016Q2 us-gaap Gross Profit
GrossProfit
50457000 USD
CY2016Q3 us-gaap Gross Profit
GrossProfit
55641000 USD
CY2016Q4 us-gaap Gross Profit
GrossProfit
60937000 USD
CY2016 us-gaap Gross Profit
GrossProfit
211086000 USD
CY2017Q1 us-gaap Gross Profit
GrossProfit
59398000 USD
CY2017Q2 us-gaap Gross Profit
GrossProfit
64639000 USD
CY2017Q3 us-gaap Gross Profit
GrossProfit
73624000 USD
CY2017Q4 us-gaap Gross Profit
GrossProfit
79508000 USD
CY2017 us-gaap Gross Profit
GrossProfit
277169000 USD
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
300000 USD
CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
800000 USD
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
1100000 USD
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-61390000 USD
CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-26818000 USD
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-26574000 USD
CY2015 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-61602000 USD
CY2016Q1 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-10689000 USD
CY2016Q2 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-4351000 USD
CY2016Q3 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-3017000 USD
CY2016Q4 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-9153000 USD
CY2016 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-27210000 USD
CY2017 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-26831000 USD
CY2015 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
-1.08
CY2016 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
-0.48
CY2017 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
-0.46
CY2015 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
-11918000 USD
CY2016Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
-1792000 USD
CY2016Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
153000 USD
CY2016Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
-64000 USD
CY2016Q4 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
34000 USD
CY2016 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
-1669000 USD
CY2017 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
0 USD
CY2015 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare
-0.21
CY2016Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare
-0.03
CY2016Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare
0.00
CY2016Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare
0.00
CY2016Q4 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare
0.00
CY2016 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare
-0.03
CY2017 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare
0.00
CY2015 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
212000 USD
CY2016 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
392000 USD
CY2017 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
257000 USD
CY2015 us-gaap Income Taxes Paid
IncomeTaxesPaid
109000 USD
CY2016 us-gaap Income Taxes Paid
IncomeTaxesPaid
932000 USD
CY2017 us-gaap Income Taxes Paid
IncomeTaxesPaid
462000 USD
CY2015 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
9793000 USD
CY2016 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-12551000 USD
CY2017 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
26322000 USD
CY2015 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
809000 USD
CY2016 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-849000 USD
CY2017 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
1061000 USD
CY2015 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
722000 USD
CY2016 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
24103000 USD
CY2017 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-1689000 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
CY2017 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
1202000 USD
CY2015 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
1460000 USD
CY2016 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
2621000 USD
CY2017 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
3328000 USD
CY2015 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
200000 USD
CY2016 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
500000 USD
CY2017 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
3100000 USD
CY2015 us-gaap Interest Expense
InterestExpense
12712000 USD
CY2016 us-gaap Interest Expense
InterestExpense
14388000 USD
CY2017 us-gaap Interest Expense
InterestExpense
21211000 USD
CY2017 us-gaap Interest Expense Debt
InterestExpenseDebt
24290000 USD
CY2015 us-gaap Interest Paid
InterestPaid
4025000 USD
CY2016 us-gaap Interest Paid
InterestPaid
3687000 USD
CY2017 us-gaap Interest Paid
InterestPaid
2476000 USD
CY2016Q4 us-gaap Interest Payable Current
InterestPayableCurrent
1303000 USD
CY2017Q4 us-gaap Interest Payable Current
InterestPayableCurrent
2030000 USD
CY2016Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
17922000 USD
CY2017Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
7729000 USD
CY2016Q4 us-gaap Inventory Net
InventoryNet
35514000 USD
CY2017Q4 us-gaap Inventory Net
InventoryNet
33793000 USD
CY2016Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
1911000 USD
CY2017Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
2146000 USD
CY2016Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
15681000 USD
CY2017Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
23918000 USD
CY2015 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
1900000 USD
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135000 USD
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565000 USD
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233000 USD
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0 USD
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2041000 USD
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4351000 USD
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5032000 USD
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6030000 USD
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825000 USD
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2633000 USD
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177654000 USD
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4715000 USD
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0 USD
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0 USD
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10608000 USD
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9949000 USD
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0 USD
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5714000 USD
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0 USD
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391638000 USD
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0 USD
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16045000 USD
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5337000 USD
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1653000 USD
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2746000 USD
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3684000 USD
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4366000 USD
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5178000 USD
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4602000 USD
CY2017 us-gaap Product Warranty Accrual Warranties Issued
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6127000 USD
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83718000 USD
CY2017Q4 us-gaap Property Plant And Equipment Gross
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159443000 USD
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44753000 USD
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107864000 USD
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1184000 USD
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2070000 USD
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1922000 USD
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5518000 USD
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300000 USD
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269000 USD
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500000 USD
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55710000 USD
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74452000 USD
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1200000 USD
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1200000 USD
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500000 USD
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11.60
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33.51
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8600000 USD
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4600000 USD
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11846000 USD
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101921 shares
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11.09
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130524000 USD
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463768000 USD
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121617000 USD
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31941000 USD
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17.28
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32.27
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35.10
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34.93
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
109462000 USD
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27.72
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34.29
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45.99
CY2017Q4 us-gaap Share Price
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69.00
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68654000 USD
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SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P6Y11M20D
CY2017 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P7Y7M
CY2015 us-gaap Shipping Handling And Transportation Costs
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3700000 USD
CY2016 us-gaap Shipping Handling And Transportation Costs
ShippingHandlingAndTransportationCosts
4100000 USD
CY2017 us-gaap Shipping Handling And Transportation Costs
ShippingHandlingAndTransportationCosts
5000000 USD
CY2017 us-gaap Stock Issued During Period Shares Stock Options Exercised
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505207 shares
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652000 USD
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802000 USD
CY2017Q4 us-gaap Unrecognized Tax Benefits
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56785646 shares
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1817000 USD
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7199000 USD
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57251377 shares
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58003434 shares
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4832000 USD
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13988000 USD
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34051000 USD
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63150000 USD
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158516000 USD
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6400000 USD
CY2017 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:11pt;"><font style="font-family:Times New Roman;font-size:11pt;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:0px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">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:inherit;font-size:11pt;">42</font><font style="font-family:inherit;font-size:11pt;">&#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 and tubing, 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:0px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">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-indent:0px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">To lower manufacturing costs, increase supply redundancy, add capacity closer to its largest customer base and support growth, the Company is constructing a highly-automated manufacturing facility in Acton, Massachusetts with planned production out of the facility beginning in early 2019. The facility will also serve as the Company's global headquarters.</font></div><div style="line-height:120%;padding-top:12px;text-align:left;text-indent:0px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;background-color:#ffffff;">The Company announced on July 20, 2017 its plans to assume, on July 1, 2018, all commercial activities (including, among other things, distribution, sales, marketing, training and support) of its Omnipod System across Europe following the expiration of its distribution agreement with</font><font style="font-family:inherit;font-size:11pt;"> </font><font style="font-family:inherit;font-size:11pt;">Ypsomed Distribution AG ("Ypsomed" or the "European distributor")</font><font style="font-family:inherit;font-size:11pt;"> </font><font style="font-family:inherit;font-size:11pt;background-color:#ffffff;">on June 30, 2018.</font><font style="font-family:inherit;font-size:11pt;"> </font><font style="font-family:inherit;font-size:11pt;">Until the expiration of the distribution agreement, the Company's current distribution agreement for its Omnipod products in Europe will remain in effect. </font><font style="font-family:inherit;font-size:11pt;background-color:#ffffff;">The Company will be required to pay to the European distributor a per unit fee for sales of the Company's Omnipod device, over the twelve months following the expiration of the distribution agreement, to identified customers, as that term is defined in the distribution agreement, of the European distributor who had previously entered into an agreement with the distributor for the purchase of Omnipod devices. The Company expects to recognize a liability for this fee as qualifying sales of its Omnipod device are made to these identified customers during the twelve-month period beginning July 1, 2018.</font><font style="font-family:inherit;font-size:11pt;"> </font></div><div style="line-height:120%;padding-top:12px;text-indent:0px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">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:0px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">The Company acquired Neighborhood Holdings, Inc. and its wholly-owned subsidiaries (collectively, &#8220;Neighborhood Diabetes&#8221;) in </font><font style="font-family:inherit;font-size:11pt;">June 2011</font><font style="font-family:inherit;font-size:11pt;">. 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:inherit;font-size:11pt;">19</font><font style="font-family:inherit;font-size:11pt;"> to these consolidated financial statements.</font></div></div>
CY2017 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:Times New Roman;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:0px;text-indent:0px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">The preparation of financial statements in conformity with accounting principles generally accepted in the United States ("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 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 valuation allowance related to deferred income taxes, 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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