2018 Q4 Form 10-K Financial Statement

#000114519719000003 Filed on February 26, 2019

View on sec.gov

Income Statement

Concept 2018 Q4 2018 Q1 2018
Revenue $164.9M $123.6M $7.600M
YoY Change 26.34% 21.5% -98.36%
Cost Of Revenue $54.60M $47.76M $193.6M
YoY Change 7.06% 12.87% 3.75%
Gross Profit $110.3M $75.80M $370.2M
YoY Change 38.73% 27.61% 33.55%
Gross Profit Margin 66.89% 61.34% 4871.05%
Selling, General & Admin $65.60M $55.55M $248.0M
YoY Change 6.67% 17.67% 18.72%
% of Gross Profit 59.47% 73.28% 66.99%
Research & Development $28.50M $20.27M $94.80M
YoY Change 51.6% 15.81% 25.23%
% of Gross Profit 25.84% 26.74% 25.61%
Depreciation & Amortization $4.400M $3.522M $15.60M
YoY Change 32.53% 5.99% 12.23%
% of Gross Profit 3.99% 4.65% 4.21%
Operating Expenses $94.10M $75.82M $342.8M
YoY Change 17.19% 17.17% 20.45%
Operating Profit $16.23M $0.00 $27.40M
YoY Change -2213.67% -100.0% -470.27%
Interest Expense -$5.300M -$6.200M $28.90M
YoY Change -3.64% 34.78% 36.32%
% of Operating Profit -32.65% 105.47%
Other Income/Expense, Net -$6.236M -$22.20M
YoY Change 36.37% 15.69%
Pretax Income $10.90M -$6.236M -$3.000M
YoY Change -257.97% -36.89% -89.17%
Income Tax $1.000M $300.0K $1.900M
% Of Pretax Income 9.17%
Net Earnings $9.900M -$6.600M $3.300M
YoY Change -244.31% -33.85% -112.31%
Net Earnings / Revenue 6.0% -5.34% 43.42%
Basic Earnings Per Share $0.17 -$0.11 $0.06
Diluted Earnings Per Share $0.16 -$0.11 $0.05
COMMON SHARES
Basic Shares Outstanding 59.08M shares 58.48M shares 58.86M shares
Diluted Shares Outstanding 58.48M shares 61.01M shares

Balance Sheet

Concept 2018 Q4 2018 Q1 2018
SHORT-TERM ASSETS
Cash & Short-Term Investments $288.9M $352.0M $288.9M
YoY Change -34.36% 38.58% -34.36%
Cash & Equivalents $113.9M $203.1M $113.9M
Short-Term Investments $175.0M $148.9M $175.0M
Other Short-Term Assets $24.30M $17.40M $24.30M
YoY Change 145.45% 112.2% 145.45%
Inventory $71.40M $33.04M $71.40M
Prepaid Expenses $16.98M $10.60M
Receivables $63.30M $50.38M $76.70M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $461.3M $547.1M $461.3M
YoY Change -14.12% 62.26% -14.13%
LONG-TERM ASSETS
Property, Plant & Equipment $258.4M $153.0M $258.4M
YoY Change 139.56% 134.42% 139.48%
Goodwill $39.60M $39.77M
YoY Change -0.5% 0.19%
Intangibles $10.38M
YoY Change 138.63%
Long-Term Investments $140.8M $164.1M $140.8M
YoY Change 12.19% 12.19%
Other Assets $2.278M $15.30M $18.30M
YoY Change 15.69% 2428.1% 815.0%
Total Long-Term Assets $467.4M $292.9M $467.4M
YoY Change 67.18% 171.73% 67.23%
TOTAL ASSETS
Total Short-Term Assets $461.3M $547.1M $461.3M
Total Long-Term Assets $467.4M $292.9M $467.4M
Total Assets $928.7M $840.0M $928.7M
YoY Change 13.71% 88.78% 13.71%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $25.50M $33.85M $25.50M
YoY Change 4.45% 427.77% 4.51%
Accrued Expenses $90.20M $45.76M $80.50M
YoY Change 52.22% 43.72% 35.75%
Deferred Revenue $1.200M $4.981M
YoY Change -49.07%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $3.451M
YoY Change
Total Short-Term Liabilities $115.7M $88.65M $115.7M
YoY Change 34.5% 125.12% 34.53%
LONG-TERM LIABILITIES
Long-Term Debt $592.0M $569.9M $592.0M
YoY Change 4.56% 69.22% 4.56%
Other Long-Term Liabilities $8.900M $6.301M $9.000M
YoY Change 47.6% 20.45% 50.0%
Total Long-Term Liabilities $600.9M $576.2M $601.0M
YoY Change 5.02% 68.48% 5.03%
TOTAL LIABILITIES
Total Short-Term Liabilities $115.7M $88.65M $115.7M
Total Long-Term Liabilities $600.9M $576.2M $601.0M
Total Liabilities $716.6M $661.1M $716.6M
YoY Change 8.87% 73.35% 8.87%
SHAREHOLDERS EQUITY
Retained Earnings -$683.6M -$686.9M
YoY Change -3.34% -0.51%
Common Stock $100.0K $59.00K
YoY Change 72.41% 1.72%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $212.1M $170.6M $212.1M
YoY Change
Total Liabilities & Shareholders Equity $928.7M $840.0M $928.7M
YoY Change 13.71% 88.78% 13.71%

Cashflow Statement

Concept 2018 Q4 2018 Q1 2018
OPERATING ACTIVITIES
Net Income $9.900M -$6.600M $3.300M
YoY Change -244.31% -33.85% -112.31%
Depreciation, Depletion And Amortization $4.400M $3.522M $15.60M
YoY Change 32.53% 5.99% 12.23%
Cash From Operating Activities $30.44M -$4.266M $35.90M
YoY Change 39.63% -80.46% -13.08%
INVESTING ACTIVITIES
Capital Expenditures -$34.79M $35.37M $157.4M
YoY Change 18.25% 37.75% 113.28%
Acquisitions
YoY Change
Other Investing Activities -$5.990M -$20.61M -$22.15M
YoY Change -95.0% 24.08% -83.42%
Cash From Investing Activities -$40.78M -$55.99M -$184.5M
YoY Change -72.69% 32.4% -12.48%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net -$2.261M $0.00
YoY Change -135.69%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.590M -$8.870M -$8.700M
YoY Change -100.53% -403.04% -102.86%
NET CHANGE
Cash From Operating Activities 30.44M -$4.266M $35.90M
Cash From Investing Activities -40.78M -$55.99M -$184.5M
Cash From Financing Activities -1.590M -$8.870M -$8.700M
Net Change In Cash -11.93M -$69.12M -$158.7M
YoY Change -107.0% 12.96% -217.21%
FREE CASH FLOW
Cash From Operating Activities $30.44M -$4.266M $35.90M
Capital Expenditures -$34.79M $35.37M $157.4M
Free Cash Flow $65.23M -$39.64M -$121.5M
YoY Change 27.35% -16.57% 273.85%

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CY2017Q4 us-gaap Deferred Finance Costs Noncurrent Net
DeferredFinanceCostsNoncurrentNet
14543000 USD
CY2018Q4 us-gaap Deferred Finance Costs Noncurrent Net
DeferredFinanceCostsNoncurrentNet
11898000 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
CY2018 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-360000 USD
CY2016 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-199000 USD
CY2017 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-497000 USD
CY2018 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-369000 USD
CY2017Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
45306000 USD
CY2018Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
44286000 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
CY2018 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-12000 USD
CY2017Q4 us-gaap Deferred Tax Assets Capital Loss Carryforwards
DeferredTaxAssetsCapitalLossCarryforwards
12850000 USD
CY2018Q4 us-gaap Deferred Tax Assets Capital Loss Carryforwards
DeferredTaxAssetsCapitalLossCarryforwards
12620000 USD
CY2017Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
173341000 USD
CY2018Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
170793000 USD
CY2017Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
108000 USD
CY2018Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
193000 USD
CY2017Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
129184000 USD
CY2018Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
124871000 USD
CY2017Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards Domestic
DeferredTaxAssetsOperatingLossCarryforwardsDomestic
543600000 USD
CY2018Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards Domestic
DeferredTaxAssetsOperatingLossCarryforwardsDomestic
528100000 USD
CY2017Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards State And Local
DeferredTaxAssetsOperatingLossCarryforwardsStateAndLocal
250600000 USD
CY2018Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards State And Local
DeferredTaxAssetsOperatingLossCarryforwardsStateAndLocal
246400000 USD
CY2017Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
4449000 USD
CY2018Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
6066000 USD
CY2017Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
12700000 USD
CY2017Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
12705000 USD
CY2018Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
13000000 USD
CY2018Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
13041000 USD
CY2017Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
9799000 USD
CY2018Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
9339000 USD
CY2017Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts
824000 USD
CY2018Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts
1105000 USD
CY2017Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
127927000 USD
CY2018Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
126314000 USD
CY2018Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
126300000 USD
CY2017Q4 us-gaap Deferred Tax Liabilities Deferred Expense Deferred Financing Costs
DeferredTaxLiabilitiesDeferredExpenseDeferredFinancingCosts
43083000 USD
CY2018Q4 us-gaap Deferred Tax Liabilities Deferred Expense Deferred Financing Costs
DeferredTaxLiabilitiesDeferredExpenseDeferredFinancingCosts
35648000 USD
CY2017Q4 us-gaap Deferred Tax Liabilities Deferred Expense Other Capitalized Costs
DeferredTaxLiabilitiesDeferredExpenseOtherCapitalizedCosts
0 USD
CY2018Q4 us-gaap Deferred Tax Liabilities Deferred Expense Other Capitalized Costs
DeferredTaxLiabilitiesDeferredExpenseOtherCapitalizedCosts
5801000 USD
CY2017Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Goodwill
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsGoodwill
633000 USD
CY2018Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Goodwill
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsGoodwill
642000 USD
CY2017Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
264000 USD
CY2018Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
218000 USD
CY2017Q4 us-gaap Deferred Tax Liabilities Prepaid Expenses
DeferredTaxLiabilitiesPrepaidExpenses
1326000 USD
CY2018Q4 us-gaap Deferred Tax Liabilities Prepaid Expenses
DeferredTaxLiabilitiesPrepaidExpenses
1977000 USD
CY2016 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
1600000 USD
CY2017 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
3000000 USD
CY2018 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
3600000 USD
CY2018 us-gaap Defined Contribution Plan Employer Matching Contribution Percent
DefinedContributionPlanEmployerMatchingContributionPercent
0.06
CY2018 us-gaap Defined Contribution Plan Maximum Annual Contributions Per Employee Percent
DefinedContributionPlanMaximumAnnualContributionsPerEmployeePercent
1
CY2016 us-gaap Depreciation
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12600000 USD
CY2017 us-gaap Depreciation
Depreciation
12700000 USD
CY2018 us-gaap Depreciation
Depreciation
13800000 USD
CY2016 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
13833000 USD
CY2017 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
13854000 USD
CY2018 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
15646000 USD
CY2016 us-gaap Discontinued Operation Intra Entity Amounts Discontinued Operation After Disposal Expense
DiscontinuedOperationIntraEntityAmountsDiscontinuedOperationAfterDisposalExpense
900000 USD
CY2016 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.48
CY2017 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.46
CY2018Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.11
CY2018Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.03
CY2018Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.03
CY2018Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.17
CY2018 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.06
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
CY2016 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.48
CY2017 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.46
CY2018Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.11
CY2018Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.03
CY2018Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.03
CY2018Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.16
CY2018 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.05
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
CY2018 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-1401000 USD
CY2016 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.0146
CY2017 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.0097
CY2018 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.3701
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
CY2018 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
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
CY2018 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.6703
CY2016 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.0023
CY2017 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.0034
CY2018 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.0239
CY2016 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
0.1593
CY2017 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
-0.1398
CY2018 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
0.1679
CY2016 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Other
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseOther
-0.1295
CY2017 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Other
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseOther
-0.2018
CY2018 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Other
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseOther
0.8129
CY2016 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.0037
CY2017 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.0132
CY2018 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.0288
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
CY2018 us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
0.0000
CY2016 us-gaap Effective Income Tax Rate Reconciliation Repatriation Of Foreign Earnings
EffectiveIncomeTaxRateReconciliationRepatriationOfForeignEarnings
0.0000
CY2017 us-gaap Effective Income Tax Rate Reconciliation Repatriation Of Foreign Earnings
EffectiveIncomeTaxRateReconciliationRepatriationOfForeignEarnings
0.0000
CY2018 us-gaap Effective Income Tax Rate Reconciliation Repatriation Of Foreign Earnings
EffectiveIncomeTaxRateReconciliationRepatriationOfForeignEarnings
0.2609
CY2016 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent
-0.1402
CY2017 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent
0.3361
CY2018 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent
-1.5910
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
CY2018 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.0288
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
CY2018 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
0.1370
CY2018Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
33261000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
5329000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
6988000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
1916000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
2736000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
464000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
816000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
1998000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
2453000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
9680000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
17371000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
4351000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
10383000 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
CY2018 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
CY2016 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
71597000 USD
CY2017 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
88487000 USD
CY2018 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
111818000 USD
CY2016Q4 us-gaap Goodwill
Goodwill
39677000 USD
CY2017Q4 us-gaap Goodwill
Goodwill
39840000 USD
CY2018Q4 us-gaap Goodwill
Goodwill
39646000 USD
CY2018Q4 us-gaap Goodwill
Goodwill
39600000 USD
CY2016 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2017 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2018 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2017 us-gaap Goodwill Translation And Purchase Accounting Adjustments
GoodwillTranslationAndPurchaseAccountingAdjustments
163000 USD
CY2018 us-gaap Goodwill Translation And Purchase Accounting Adjustments
GoodwillTranslationAndPurchaseAccountingAdjustments
-194000 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
CY2018Q1 us-gaap Gross Profit
GrossProfit
75815000 USD
CY2018Q2 us-gaap Gross Profit
GrossProfit
82072000 USD
CY2018Q3 us-gaap Gross Profit
GrossProfit
101969000 USD
CY2018Q4 us-gaap Gross Profit
GrossProfit
110312000 USD
CY2018 us-gaap Gross Profit
GrossProfit
370168000 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
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
8200000 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
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
5226000 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
CY2018 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
3292000 USD
CY2016 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
-1700000 USD
CY2016 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
-1669000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
2892000 USD
CY2017 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
0 USD
CY2018 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
0 USD
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
CY2018 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare
0.00
CY2016 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
392000 USD
CY2017 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
257000 USD
CY2018 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1934000 USD
CY2016 us-gaap Income Taxes Paid
IncomeTaxesPaid
932000 USD
CY2017 us-gaap Income Taxes Paid
IncomeTaxesPaid
462000 USD
CY2018 us-gaap Income Taxes Paid
IncomeTaxesPaid
795000 USD
CY2016 us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
849000 USD
CY2017 us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
-1061000 USD
CY2018 us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
3787000 USD
CY2016 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
24103000 USD
CY2017 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-1689000 USD
CY2018 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
38826000 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
CY2018 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
3083000 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
CY2018 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
11601000 USD
CY2017Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
4351000 USD
CY2018Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
10383000 USD
CY2016 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
500000 USD
CY2017 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
3100000 USD
CY2018 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
10200000 USD
CY2016 us-gaap Interest Expense
InterestExpense
14388000 USD
CY2017 us-gaap Interest Expense
InterestExpense
21211000 USD
CY2018 us-gaap Interest Expense
InterestExpense
28902000 USD
CY2018 us-gaap Interest Expense Debt
InterestExpenseDebt
39126000 USD
CY2016 us-gaap Interest Paid Net
InterestPaidNet
3687000 USD
CY2017 us-gaap Interest Paid Net
InterestPaidNet
2476000 USD
CY2018 us-gaap Interest Paid Net
InterestPaidNet
0 USD
CY2017Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
7729000 USD
CY2018Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
30845000 USD
CY2017Q4 us-gaap Inventory Net
InventoryNet
33793000 USD
CY2018Q4 us-gaap Inventory Net
InventoryNet
71414000 USD
CY2018Q1 us-gaap Inventory Net
InventoryNet
33040000 USD
CY2017Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
2146000 USD
CY2018Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
10347000 USD
CY2017Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
23918000 USD
CY2018Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
30222000 USD
CY2016 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
2500000 USD
CY2017 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
2800000 USD
CY2017 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
304547000 USD
CY2018 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
3300000 USD
CY2017Q4 us-gaap Liabilities
Liabilities
658228000 USD
CY2018Q4 us-gaap Liabilities
Liabilities
716645000 USD
CY2018Q1 us-gaap Liabilities
Liabilities
661124000 USD
CY2017Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
816744000 USD
CY2018Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
928744000 USD
CY2018Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
840004000 USD
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CY2018Q4 us-gaap Liabilities Current
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115657000 USD
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88650000 USD
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0 USD
CY2018Q4 us-gaap Liabilities Of Disposal Group Including Discontinued Operation
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0 USD
CY2017Q4 us-gaap Long Term Debt
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CY2018Q4 us-gaap Long Term Debt
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566173000 USD
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591978000 USD
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15911000 USD
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41207000 USD
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35899000 USD
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1659000 USD
CY2018Q4 us-gaap Net Income Loss
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3292000 USD
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258750000 USD
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1 Segment
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1 Segment
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1 reporting_unit
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221790000 USD
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284556000 USD
CY2018 us-gaap Operating Expenses
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-10704000 USD
CY2017Q1 us-gaap Operating Income Loss
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CY2017Q3 us-gaap Operating Income Loss
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2047000 USD
CY2017Q4 us-gaap Operating Income Loss
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0 USD
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4325000 USD
CY2018Q3 us-gaap Operating Income Loss
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6865000 USD
CY2018Q4 us-gaap Operating Income Loss
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16233000 USD
CY2018 us-gaap Operating Income Loss
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27423000 USD
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12529000 USD
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3311000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
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263000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
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2568000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
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2947000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
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548000 USD
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9846000 USD
CY2018Q4 us-gaap Other Accrued Liabilities Current
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17320000 USD
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1969000 USD
CY2018Q4 us-gaap Other Assets Noncurrent
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2278000 USD
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135000 USD
CY2017 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
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565000 USD
CY2018 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
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-2174000 USD
CY2018 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
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-1000000 USD
CY2016 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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-72000 USD
CY2017 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
233000 USD
CY2018 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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-2412000 USD
CY2016 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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-207000 USD
CY2017 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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-332000 USD
CY2018 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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-238000 USD
CY2017Q4 us-gaap Other Liabilities Noncurrent
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6030000 USD
CY2018Q4 us-gaap Other Liabilities Noncurrent
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9010000 USD
CY2018Q1 us-gaap Other Liabilities Noncurrent
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6301000 USD
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825000 USD
CY2017 us-gaap Other Nonoperating Income Expense
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2633000 USD
CY2018 us-gaap Other Nonoperating Income Expense
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6705000 USD
CY2016 us-gaap Payments Related To Tax Withholding For Share Based Compensation
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2866000 USD
CY2017 us-gaap Payments Related To Tax Withholding For Share Based Compensation
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4054000 USD
CY2018 us-gaap Payments Related To Tax Withholding For Share Based Compensation
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17781000 USD
CY2016 us-gaap Payments To Acquire Available For Sale Securities Debt
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177654000 USD
CY2017 us-gaap Payments To Acquire Available For Sale Securities Debt
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297965000 USD
CY2018 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
191424000 USD
CY2016 us-gaap Payments To Acquire Property Plant And Equipment
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22115000 USD
CY2017 us-gaap Payments To Acquire Property Plant And Equipment
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77226000 USD
CY2018 us-gaap Payments To Acquire Property Plant And Equipment
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162354000 USD
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0.001
CY2018Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
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0.001
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5000000 shares
CY2018Q4 us-gaap Preferred Stock Shares Authorized
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5000000 shares
CY2017Q4 us-gaap Preferred Stock Shares Issued
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0 shares
CY2018Q4 us-gaap Preferred Stock Shares Issued
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0 shares
CY2017Q4 us-gaap Preferred Stock Shares Outstanding
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0 shares
CY2018Q4 us-gaap Preferred Stock Shares Outstanding
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0 shares
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0 USD
CY2018Q4 us-gaap Preferred Stock Value
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0 USD
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9949000 USD
CY2018Q4 us-gaap Prepaid Expense And Other Assets Current
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24254000 USD
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15517000 USD
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5714000 USD
CY2017 us-gaap Proceeds From Divestiture Of Interest In Consolidated Subsidiaries
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0 USD
CY2018 us-gaap Proceeds From Divestiture Of Interest In Consolidated Subsidiaries
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0 USD
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333725000 USD
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391638000 USD
CY2018 us-gaap Proceeds From Issuance Of Long Term Debt
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0 USD
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151076000 USD
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164907000 USD
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169274000 USD
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4388000 USD
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5178000 USD
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6737000 USD
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1922000 USD
CY2017Q4 us-gaap Product Warranty Accrual
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5337000 USD
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6127000 USD
CY2018 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
7779000 USD
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16045000 USD
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164394000 USD
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159443000 USD
CY2018Q4 us-gaap Property Plant And Equipment Gross
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323807000 USD
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107864000 USD
CY2018Q4 us-gaap Property Plant And Equipment Net
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258379000 USD
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2070000 USD
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3684000 USD
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3678000 USD
CY2018Q4 us-gaap Product Warranty Accrual
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6379000 USD
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1653000 USD
CY2018Q4 us-gaap Product Warranty Accrual Classified Current
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2701000 USD
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3382000 USD
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153628000 USD
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98572000 USD
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6699000 USD
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5518000 USD
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269000 USD
CY2018 us-gaap Repayments Of Long Term Capital Lease Obligations
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0 USD
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55710000 USD
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ResearchAndDevelopmentExpense
74452000 USD
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88606000 USD
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1200000 USD
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500000 USD
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2700000 USD
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500000 USD
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2700000 USD
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1100000 USD
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1090000 USD
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300000 USD
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101713000 USD
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109756000 USD
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121775000 USD
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130524000 USD
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124262000 USD
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563823000 USD
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94483000 USD
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121617000 USD
CY2018 us-gaap Selling And Marketing Expense
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142321000 USD
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12600000 USD
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23482000 USD
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170397 shares
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158516000 USD
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212099000 USD
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292389 shares
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178880000 USD
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23617000 USD
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11.60
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17.28
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30.34
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124174000 USD
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37521000 USD
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3377220 shares
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13378000 USD
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3077624 shares
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35.10
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39.16
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5119000 USD
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8200000 USD
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2318684 shares
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35.26
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4600000 USD
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
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11800000 USD
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Exercise Price
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38.69
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122407000 USD
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3001343 shares
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ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
32.61
CY2018 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
40.44
CY2018 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
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77.27
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79.32
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102168000 USD
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SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P4Y10M20D
CY2018 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P5Y7M29D
CY2018 us-gaap Stock Issued During Period Shares Stock Options Exercised
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421588 shares
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802000 USD
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1817000 USD
CY2018 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
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3029000 USD
CY2016 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
4832000 USD
CY2017 us-gaap Stock Issued During Period Value Stock Options Exercised
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13988000 USD
CY2018 us-gaap Stock Issued During Period Value Stock Options Exercised
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12799000 USD
CY2015Q4 us-gaap Stockholders Equity
StockholdersEquity
34051000 USD
CY2016Q4 us-gaap Stockholders Equity
StockholdersEquity
63150000 USD
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13600000 USD
CY2018Q4 us-gaap Unrecognized Tax Benefits
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0 USD
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57251377 shares
CY2017 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
58003434 shares
CY2018 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
61008024 shares
CY2016 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
57251377 shares
CY2017 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
58003434 shares
CY2018 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
58859574 shares
CY2018 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:10pt;"><font style="font-family:inherit;font-size:10pt;">Insulet Corporation (the "Company") is primarily engaged in the development, manufacturing and sale of its proprietary Omnipod System, an innovative, discreet and easy-to-use continuous insulin delivery system for people with insulin-dependent diabetes. There are two</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">&#160;</font><font style="font-family:inherit;font-size:10pt;">primary types of insulin therapy practiced today: multiple daily injection (&#8220;MDI&#8221;) therapy using syringes or insulin pens; and pump therapy using insulin pumps. Insulin pumps are used to perform continuous subcutaneous insulin infusion, or insulin pump therapy, and typically use a programmable device and an infusion set to administer insulin into the person&#8217;s body. Insulin pump therapy has been shown to provide people with insulin-dependent diabetes with numerous advantages relative to MDI therapy. The Company estimates that approximately one-third of the Type 1 diabetes population in the United States and less than one fifth of the Type 1 diabetes population outside the United States uses insulin pump therapy. 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 (the "Pod"), and its wireless companion, the handheld Personal Diabetes Manager ("PDM"). The Omnipod System, which features two discreet, easy-to-use devices, communicates wirelessly, provides for virtually pain-free automated cannula insertion and eliminates the need for traditional MDI therapy or the use of traditional pump and tubing. 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:inherit;font-size:10pt;">Commercial sales of the Omnipod Insulin Management System ("Omnipod") began in the United States in 2005. The Company sells the Omnipod through direct sales to customers or through intermediaries. The Omnipod is also currently available in multiple countries in Europe, as well as in Canada and Israel. On July 1, 2018, the Company commenced direct commercial operations for the Omnipod in Europe following the expiration of its distribution agreement on June 30, 2018 with Ypsomed Distribution AG ("Ypsomed" or the "European Distributor"). In June 2018, the FDA cleared for commercial sale the Company's Omnipod DASH</font><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">TM </sup></font><font style="font-family:inherit;font-size:10pt;">Insulin Management System ("Omnipod DASH" or "DASH"), which is its next-generation digital mobile Omnipod platform within the Omnipod System family, featuring secured Bluetooth wireless technology for connectivity between the Pod and the color touchscreen smartphone PDM. The Company commenced a limited commercial release of Omnipod DASH in 2018 prior to a planned full market launch in the U.S. in the first half of 2019. </font></div><div style="line-height:120%;padding-top:12px;text-align:left;text-indent:0px;font-size:10pt;"><font style="font-family:inherit;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 their drugs across other therapeutic areas. The majority of the Company's drug delivery revenue currently consists of sales of Amgen's Neulasta Onpro kit, an innovative delivery system for Amgen&#8217;s white blood cell booster to help reduce the risk of infection during intense chemotherapy.</font></div><div style="line-height:120%;padding-top:12px;text-indent:0px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">To lower manufacturing costs, increase supply redundancy, add capacity closer to the Company's largest customer base and support growth, the Company has been constructing a highly-automated manufacturing facility in Acton, Massachusetts, which serves as its corporate headquarters. The facility was substantially complete in December 2018, with planned production out of the facility beginning in the first half of 2019. </font></div><div style="line-height:120%;padding-top:12px;text-indent:0px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In February 2016, the Company sold its Neighborhood Diabetes business, through which the Company provided customers with blood glucose testing supplies, traditional insulin pumps, pump supplies and pharmaceuticals. 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:10pt;">19</font><font style="font-family:inherit;font-size:10pt;"> to these consolidated financial statements.</font></div></div>
CY2018 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:10pt;"><font style="font-family:Times New Roman;font-size:10pt;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:10pt;"><font style="font-family:inherit;font-size:10pt;">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; the valuation of inventory; the valuation of variable transaction price in its contracts with customers, such as rights of return, discounts and rebates; the valuation of deferred revenue associated with undelivered performance obligations in contracts with customers; 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 fair value of liabilities associated with leased facilities; 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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