2015 Q4 Form 10-Q Financial Statement

#000110784315000017 Filed on November 05, 2015

View on sec.gov

Income Statement

Concept 2015 Q4 2015 Q3 2014 Q3
Revenue $44.45M $42.47M $34.35M
YoY Change 21.52% 23.64% 23.78%
Cost Of Revenue $9.002M $8.762M $7.421M
YoY Change 19.69% 18.07% 15.68%
Gross Profit $35.44M $33.71M $26.93M
YoY Change 22.0% 25.18% 26.22%
Gross Profit Margin 79.75% 79.37% 78.39%
Selling, General & Admin $20.22M $19.27M $16.93M
YoY Change 13.4% 13.79% 15.26%
% of Gross Profit 57.04% 57.15% 62.87%
Research & Development $7.532M $7.564M $6.490M
YoY Change 7.37% 16.55% 25.99%
% of Gross Profit 21.25% 22.44% 24.1%
Depreciation & Amortization $4.000M $3.800M $3.000M
YoY Change 29.03% 26.67% 15.38%
% of Gross Profit 11.29% 11.27% 11.14%
Operating Expenses $27.75M $26.83M $23.42M
YoY Change 11.7% 14.56% 18.05%
Operating Profit $7.696M $6.878M $3.507M
YoY Change 82.76% 96.12% 134.58%
Interest Expense $130.0K $0.00 $2.000K
YoY Change -134.21% -100.0% -71.43%
% of Operating Profit 1.69% 0.0% 0.06%
Other Income/Expense, Net -$183.0K -$154.0K -$119.0K
YoY Change -67.78% 29.41% -1091.67%
Pretax Income $7.513M $6.724M $3.388M
YoY Change 106.23% 98.47% 124.82%
Income Tax $2.089M $2.601M $283.0K
% Of Pretax Income 27.81% 38.68% 8.35%
Net Earnings $5.424M $4.123M $3.105M
YoY Change -79.07% 32.79% 139.4%
Net Earnings / Revenue 12.2% 9.71% 9.04%
Basic Earnings Per Share $0.16 $0.12 $0.09
Diluted Earnings Per Share $0.14 $0.11 $0.08
COMMON SHARES
Basic Shares Outstanding 34.19M shares 34.12M shares 33.12M shares
Diluted Shares Outstanding 37.94M shares 37.08M shares

Balance Sheet

Concept 2015 Q4 2015 Q3 2014 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $179.0M $174.1M $113.4M
YoY Change 40.72% 53.53% 12.39%
Cash & Equivalents $91.70M $94.76M $88.29M
Short-Term Investments $87.30M $79.40M $25.10M
Other Short-Term Assets $7.900M $13.30M $5.900M
YoY Change 21.54% 125.42% 15.69%
Inventory
Prepaid Expenses
Receivables $42.33M $37.88M $30.28M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $229.2M $225.3M $149.6M
YoY Change 37.48% 50.62% 14.19%
LONG-TERM ASSETS
Property, Plant & Equipment $31.33M $29.97M $24.78M
YoY Change 17.7% 20.94% 10.15%
Goodwill $317.0K $317.0K $317.0K
YoY Change 0.0% 0.0% 0.0%
Intangibles $1.360M $1.708M $2.099M
YoY Change -32.03% -18.63% -15.77%
Long-Term Investments $43.30M $25.70M $37.90M
YoY Change 9.9% -32.19% 52.82%
Other Assets $1.916M $2.065M $726.0K
YoY Change -15.3% 184.44% 28.72%
Total Long-Term Assets $94.28M $72.97M $65.81M
YoY Change 1.06% 10.87% 29.88%
TOTAL ASSETS
Total Short-Term Assets $229.2M $225.3M $149.6M
Total Long-Term Assets $94.28M $72.97M $65.81M
Total Assets $323.5M $298.3M $215.4M
YoY Change 24.42% 38.47% 18.57%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.368M $2.055M $1.898M
YoY Change -58.17% 8.27% 73.02%
Accrued Expenses $11.79M $11.36M $9.101M
YoY Change 13.84% 24.8% 14.48%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00
YoY Change -100.0%
Total Short-Term Liabilities $112.2M $105.4M $85.34M
YoY Change 15.46% 23.46% 19.34%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $1.205M $1.154M $1.417M
YoY Change 23.97% -18.56% 165.85%
Total Long-Term Liabilities $1.205M $1.154M $1.417M
YoY Change 23.97% -18.56% 165.85%
TOTAL LIABILITIES
Total Short-Term Liabilities $112.2M $105.4M $85.34M
Total Long-Term Liabilities $1.205M $1.154M $1.417M
Total Liabilities $127.9M $116.4M $95.72M
YoY Change 18.25% 21.6% 17.91%
SHAREHOLDERS EQUITY
Retained Earnings -$27.49M -$32.91M -$67.99M
YoY Change -36.6% -51.6% -6.23%
Common Stock $34.00K $34.00K $33.00K
YoY Change 0.0% 3.03% 3.13%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $195.6M $181.9M $119.7M
YoY Change
Total Liabilities & Shareholders Equity $323.5M $298.3M $215.4M
YoY Change 24.42% 38.47% 18.57%

Cashflow Statement

Concept 2015 Q4 2015 Q3 2014 Q3
OPERATING ACTIVITIES
Net Income $5.424M $4.123M $3.105M
YoY Change -79.07% 32.79% 139.4%
Depreciation, Depletion And Amortization $4.000M $3.800M $3.000M
YoY Change 29.03% 26.67% 15.38%
Cash From Operating Activities $24.30M $16.10M $9.900M
YoY Change 49.08% 62.63% 330.43%
INVESTING ACTIVITIES
Capital Expenditures -$5.200M -$4.500M -$3.800M
YoY Change 40.54% 18.42% -9.52%
Acquisitions
YoY Change
Other Investing Activities -$25.80M -$2.200M $38.80M
YoY Change -5.15% -105.67% -250.39%
Cash From Investing Activities -$31.00M -$6.600M $35.20M
YoY Change 0.0% -118.75% -217.73%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 3.700M 1.200M 1.800M
YoY Change 37.04% -33.33% 80.0%
NET CHANGE
Cash From Operating Activities 24.30M 16.10M 9.900M
Cash From Investing Activities -31.00M -6.600M 35.20M
Cash From Financing Activities 3.700M 1.200M 1.800M
Net Change In Cash -3.000M 10.70M 46.90M
YoY Change -75.0% -77.19% -276.32%
FREE CASH FLOW
Cash From Operating Activities $24.30M $16.10M $9.900M
Capital Expenditures -$5.200M -$4.500M -$3.800M
Free Cash Flow $29.50M $20.60M $13.70M
YoY Change 47.5% 50.36% 110.77%

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us-gaap Increase Decrease In Accounts Receivable
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us-gaap Increase Decrease In Accrued Liabilities
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us-gaap Increase Decrease In Accrued Liabilities
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us-gaap Increase Decrease In Deferred Revenue
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us-gaap Increase Decrease In Deferred Revenue
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117000 USD
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182000 USD
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1177000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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4186000 shares
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us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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IndefiniteLivedIntangibleAssetsExcludingGoodwill
295000 USD
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295000 USD
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2001000 USD
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2000 USD
us-gaap Interest Expense
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CY2015Q3 us-gaap Interest Expense
InterestExpense
0 USD
us-gaap Interest Expense
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4000 USD
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127000 USD
us-gaap Investment Income Interest
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365000 USD
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153000 USD
us-gaap Investment Income Interest
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us-gaap Issuance Of Stock And Warrants For Services Or Claims
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CY2015Q3 us-gaap Issuance Of Stock And Warrants For Services Or Claims
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us-gaap Issuance Of Stock And Warrants For Services Or Claims
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500000 USD
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us-gaap Lease And Rental Expense
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4600000 USD
CY2015Q3 us-gaap Lease And Rental Expense
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us-gaap Lease And Rental Expense
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CY2014Q4 us-gaap Liabilities
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CY2015Q3 us-gaap Liabilities
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CY2014Q4 us-gaap Liabilities And Stockholders Equity
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LongTermInvestments
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Operating Activities
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24862000 USD
us-gaap Net Cash Provided By Used In Operating Activities
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CY2014Q3 us-gaap Net Income Loss
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us-gaap Net Income Loss
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CY2015Q3 us-gaap Net Income Loss
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us-gaap Net Income Loss
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NonoperatingIncomeExpense
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us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-66000 USD
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NonoperatingIncomeExpense
-154000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
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us-gaap Number Of Operating Segments
NumberOfOperatingSegments
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CY2014Q3 us-gaap Operating Expenses
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23420000 USD
us-gaap Operating Expenses
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OperatingExpenses
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us-gaap Operating Expenses
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CY2014Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
3507000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
5036000 USD
CY2015Q3 us-gaap Operating Income Loss
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us-gaap Operating Income Loss
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CY2015Q3 us-gaap Operating Leases Future Minimum Payments Due
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CY2015Q3 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
201000 USD
CY2015Q3 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
601000 USD
CY2015Q3 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
2052000 USD
CY2015Q3 us-gaap Operating Leases Future Minimum Payments Due In Two Years
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CY2015Q3 us-gaap Operating Leases Future Minimum Payments Remainder Of Fiscal Year
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CY2014Q4 us-gaap Other Assets Noncurrent
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CY2015Q3 us-gaap Other Assets Noncurrent
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CY2014Q3 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
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us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
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CY2015Q3 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
10000 USD
us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
27000 USD
CY2014Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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CY2015Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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10000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
27000 USD
CY2014Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
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27000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
28000 USD
CY2015Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
5000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
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CY2014Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
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us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-11000 USD
CY2015Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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15000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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25000 USD
CY2014Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
972000 USD
CY2015Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
1154000 USD
CY2014Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
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us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-422000 USD
CY2015Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-307000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
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us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
117279000 USD
us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
88694000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
10196000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
14865000 USD
CY2014Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2015Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2014Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
20000000 shares
CY2015Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
20000000 shares
CY2014Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2015Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2014Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2015Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2014Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2015Q3 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2014Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
6528000 USD
CY2015Q3 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
8947000 USD
us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
144218000 USD
us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
73340000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
5012000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
6594000 USD
CY2014Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
71889000 USD
CY2015Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
84420000 USD
CY2014Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
26618000 USD
CY2015Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
29965000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
346000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
629000 USD
us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
805000 USD
us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
0 USD
CY2014Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
6490000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
19305000 USD
CY2015Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
7564000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
21919000 USD
CY2014Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-43350000 USD
CY2015Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-32909000 USD
CY2014Q3 us-gaap Revenues
Revenues
34348000 USD
us-gaap Revenues
Revenues
97006000 USD
CY2015Q3 us-gaap Revenues
Revenues
42469000 USD
us-gaap Revenues
Revenues
119839000 USD
CY2014Q4 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
500000 USD
CY2015Q3 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
400000 USD
CY2014Q3 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
11774000 USD
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
36111000 USD
CY2015Q3 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
12282000 USD
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
36501000 USD
CY2015Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue
99803000 USD
CY2015Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber
5073823 shares
us-gaap Share Based Compensation
ShareBasedCompensation
7100000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
12678000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
560025 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
26.69
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
1113950 shares
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
188743000 USD
CY2015Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
107966000 USD
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
7605407 shares
CY2015Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
7592105 shares
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
12.93
CY2015Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
16.16
CY2015Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageExercisePrice
8.79
CY2015Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
106964000 USD
CY2015Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
7130958 shares
CY2015Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
15.00
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
11.63
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
41.17
CY2014 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P6Y6M7D
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P6Y1M12D
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1
P4Y10M12D
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P5Y10M12D
CY2014Q4 us-gaap Short Term Investments
ShortTermInvestments
50714000 USD
CY2015Q3 us-gaap Short Term Investments
ShortTermInvestments
79382000 USD
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
567227 shares
CY2014Q4 us-gaap Stockholders Equity
StockholdersEquity
151827000 USD
CY2015Q3 us-gaap Stockholders Equity
StockholdersEquity
181898000 USD
CY2014Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
3300000 USD
CY2015Q3 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
3500000 USD
CY2014Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
2100000 USD
CY2015Q3 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
2200000 USD
CY2014Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
37080000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
37006000 shares
CY2015Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
37938000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
38202000 shares
CY2014Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
33120000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
32820000 shares
CY2015Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
34119000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
33967000 shares
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:125%;text-align:left;text-indent:12px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#231f20;font-style:italic;font-weight:bold;">Concentration of Credit Risk</font></div><div style="line-height:125%;text-align:left;text-indent:12px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:125%;text-align:left;text-indent:36px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#231f20;">The Company invests its cash and cash equivalents with major financial institutions. Cash balances with any one institution at times may be in excess of federally insured limits. Cash equivalents are invested in high-quality investment grade financial instruments and are diversified. The Company has not experienced any losses in such accounts and believes it is not exposed to any significant credit risk.</font></div><div style="line-height:125%;padding-top:8px;text-align:left;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:125%;text-align:left;text-indent:36px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#231f20;">Credit risk with respect to accounts receivable is dispersed due to the large number of customers. Collateral is not required for accounts receivable. The Company maintains an allowance for potential credit losses based upon the expected collectability of accounts receivable. The Company writes off its receivables once collection efforts are unsuccessful.</font></div></div>
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#231f20;">Certain prior year amounts related to income taxes have been reclassified to conform to the current year presentation. These reclassifications did not change previously reported total assets, liabilities, stockholders' equity, income from operations or net income.</font></div></div>
us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:12px;padding-top:12px;text-align:left;text-indent:12px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#231f20;font-style:italic;font-weight:bold;">Use of Estimates</font></div><div style="line-height:125%;text-align:left;text-indent:36px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#231f20;">The preparation of the condensed consolidated financial statements in conformity with U.S. GAAP requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and the reported results of operations during the reporting period. The Company&#8217;s management regularly assesses these estimates, which primarily affect revenue recognition, the valuation of accounts receivable, goodwill and intangible assets, stock-based compensation and the provision for income taxes. Actual results could differ from those estimates and such differences may be material to the accompanying condensed consolidated financial statements.</font></div></div>

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