2015 Q3 Form 10-Q Financial Statement

#000141038415000110 Filed on August 07, 2015

View on sec.gov

Income Statement

Concept 2015 Q3 2015 Q2 2014 Q2
Revenue $28.02M $26.28M $19.16M
YoY Change 33.49% 37.2% 36.41%
Cost Of Revenue $15.14M $14.14M $10.83M
YoY Change 24.64% 30.54% 28.81%
Gross Profit $12.88M $12.15M $8.328M
YoY Change 45.64% 45.85% 47.76%
Gross Profit Margin 45.98% 46.21% 43.47%
Selling, General & Admin $12.62M $12.33M $10.09M
YoY Change 23.54% 22.21% 45.94%
% of Gross Profit 97.97% 101.52% 121.16%
Research & Development $5.979M $4.797M $2.787M
YoY Change 89.51% 72.12% 29.51%
% of Gross Profit 46.41% 39.49% 33.47%
Depreciation & Amortization $1.870M $1.360M $1.031M
YoY Change 71.25% 31.91% 65.22%
% of Gross Profit 14.52% 11.2% 12.38%
Operating Expenses $19.83M $17.13M $12.88M
YoY Change 48.33% 33.01% 39.75%
Operating Profit -$6.950M -$4.982M -$4.549M
YoY Change 53.59% 9.52% 27.14%
Interest Expense $0.00 $0.00 -$100.0K
YoY Change -100.0% -100.0% 0.0%
% of Operating Profit
Other Income/Expense, Net $13.00K $12.00K -$119.0K
YoY Change -115.85% -110.08% 2.59%
Pretax Income -$6.937M -$4.970M -$4.668M
YoY Change 50.58% 6.47% 26.37%
Income Tax $79.00K $12.00K $15.00K
% Of Pretax Income
Net Earnings -$7.016M -$4.982M -$4.683M
YoY Change 51.7% 6.38% 26.29%
Net Earnings / Revenue -25.04% -18.95% -24.44%
Basic Earnings Per Share
Diluted Earnings Per Share -$187.2K -$134.4K -$137.8K
COMMON SHARES
Basic Shares Outstanding 37.32M shares 37.19M shares 34.08M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2015 Q3 2015 Q2 2014 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $119.9M $118.5M $94.90M
YoY Change 32.63% 24.87%
Cash & Equivalents $75.17M $69.37M $94.91M
Short-Term Investments $44.70M $49.20M
Other Short-Term Assets $12.20M $10.20M $7.200M
YoY Change 28.42% 41.67%
Inventory
Prepaid Expenses
Receivables $8.986M $6.987M $5.468M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $141.1M $135.7M $107.5M
YoY Change 32.59% 26.17%
LONG-TERM ASSETS
Property, Plant & Equipment $21.43M $18.72M $14.03M
YoY Change 50.35% 33.45%
Goodwill $8.776M
YoY Change
Intangibles $11.27M
YoY Change
Long-Term Investments
YoY Change
Other Assets $956.0K $1.187M $740.0K
YoY Change 17.3% 60.41%
Total Long-Term Assets $57.66M $34.02M $25.99M
YoY Change 114.24% 30.89%
TOTAL ASSETS
Total Short-Term Assets $141.1M $135.7M $107.5M
Total Long-Term Assets $57.66M $34.02M $25.99M
Total Assets $198.7M $169.7M $133.5M
YoY Change 49.08% 27.09%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.663M $3.527M $1.939M
YoY Change 38.7% 81.9%
Accrued Expenses $6.787M $6.870M $6.703M
YoY Change -4.26% 2.49%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $300.0K $300.0K $500.0K
YoY Change -40.0% -40.0%
Total Short-Term Liabilities $39.28M $32.53M $23.51M
YoY Change 39.2% 38.41%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $2.054M
YoY Change -100.0% -100.0%
Other Long-Term Liabilities $686.0K $720.0K $7.000K
YoY Change 9700.0% 10185.71%
Total Long-Term Liabilities $686.0K $720.0K $2.061M
YoY Change 1194.34% -65.07%
TOTAL LIABILITIES
Total Short-Term Liabilities $39.28M $32.53M $23.51M
Total Long-Term Liabilities $686.0K $720.0K $2.061M
Total Liabilities $75.33M $63.41M $48.76M
YoY Change 44.79% 30.05%
SHAREHOLDERS EQUITY
Retained Earnings -$81.01M -$73.99M -$54.98M
YoY Change 35.91% 34.58%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $41.00K $27.00K
YoY Change
Treasury Stock Shares 1.875K shares 1.000K shares
Shareholders Equity $123.4M $106.3M $84.77M
YoY Change
Total Liabilities & Shareholders Equity $198.7M $169.7M $133.5M
YoY Change 49.08% 27.09%

Cashflow Statement

Concept 2015 Q3 2015 Q2 2014 Q2
OPERATING ACTIVITIES
Net Income -$7.016M -$4.982M -$4.683M
YoY Change 51.7% 6.38% 26.29%
Depreciation, Depletion And Amortization $1.870M $1.360M $1.031M
YoY Change 71.25% 31.91% 65.22%
Cash From Operating Activities $50.00K $2.970M $390.0K
YoY Change -133.33% 661.54% -86.17%
INVESTING ACTIVITIES
Capital Expenditures -$1.250M -$1.880M -$640.0K
YoY Change -7.41% 193.75% -86.99%
Acquisitions
YoY Change
Other Investing Activities -$14.85M -$23.57M $0.00
YoY Change -20.97%
Cash From Investing Activities -$16.09M -$25.46M -$640.0K
YoY Change -20.07% 3878.12% -87.02%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 21.85M -2.320M 8.480M
YoY Change -1054.15% -127.36% 115.78%
NET CHANGE
Cash From Operating Activities 50.00K 2.970M 390.0K
Cash From Investing Activities -16.09M -25.46M -640.0K
Cash From Financing Activities 21.85M -2.320M 8.480M
Net Change In Cash 5.810M -24.81M 8.230M
YoY Change -125.74% -401.46% 352.2%
FREE CASH FLOW
Cash From Operating Activities $50.00K $2.970M $390.0K
Capital Expenditures -$1.250M -$1.880M -$640.0K
Free Cash Flow $1.300M $4.850M $1.030M
YoY Change 8.33% 370.87% -86.69%

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us-gaap Lease And Rental Expense
LeaseAndRentalExpense
600000 USD
CY2014Q4 us-gaap Liabilities
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57866000 USD
CY2015Q2 us-gaap Liabilities
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63408000 USD
CY2014Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
136806000 USD
CY2015Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
169694000 USD
CY2014Q4 us-gaap Liabilities Current
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32887000 USD
CY2015Q2 us-gaap Liabilities Current
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32534000 USD
CY2014Q4 us-gaap Marketable Securities Current
MarketableSecuritiesCurrent
20956000 USD
CY2015Q2 us-gaap Marketable Securities Current
MarketableSecuritiesCurrent
49150000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
82813000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
31604000 USD
us-gaap Net Cash Provided By Used In Investing Activities
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-2468000 USD
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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-4114000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
331000 USD
CY2014Q2 us-gaap Net Income Loss
NetIncomeLoss
-4683000 USD
us-gaap Net Income Loss
NetIncomeLoss
-10249000 USD
CY2015Q2 us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Net Income Loss
NetIncomeLoss
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CY2014Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-119000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-326000 USD
CY2015Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
12000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-16000 USD
CY2014Q2 us-gaap Operating Expenses
OperatingExpenses
12877000 USD
us-gaap Operating Expenses
OperatingExpenses
24840000 USD
CY2015Q2 us-gaap Operating Expenses
OperatingExpenses
17128000 USD
us-gaap Operating Expenses
OperatingExpenses
32598000 USD
CY2014Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-4549000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
-9890000 USD
CY2015Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-4982000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
-9567000 USD
CY2015Q2 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
50097000 USD
CY2015Q2 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
4850000 USD
CY2015Q2 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
4750000 USD
CY2015Q2 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
4659000 USD
CY2015Q2 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
3654000 USD
CY2015Q2 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
30796000 USD
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OperatingLeasesFutureMinimumPaymentsRemainderOfFiscalYear
1388000 USD
us-gaap Other Amortization Of Deferred Charges
OtherAmortizationOfDeferredCharges
2030000 USD
us-gaap Other Amortization Of Deferred Charges
OtherAmortizationOfDeferredCharges
2117000 USD
CY2014Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
1226000 USD
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OtherAssetsNoncurrent
1187000 USD
CY2014Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-4683000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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CY2015Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-5027000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-9663000 USD
CY2014Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
0 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
0 USD
CY2015Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-45000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-36000 USD
CY2014Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
682000 USD
CY2015Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
720000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
0 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
7000 USD
us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
0 USD
us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
39173000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2468000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2321000 USD
us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
446000 USD
us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
230000 USD
us-gaap Repayments Of Other Debt
RepaymentsOfOtherDebt
0 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
0 USD
CY2014Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2015Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2014Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000 shares
CY2015Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000 shares
CY2014Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2015Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2014Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2015Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2014Q4 us-gaap Preferred Stock Value Outstanding
PreferredStockValueOutstanding
0 USD
CY2015Q2 us-gaap Preferred Stock Value Outstanding
PreferredStockValueOutstanding
0 USD
CY2014Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
2695000 USD
CY2015Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
2614000 USD
CY2014Q1 us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
72600000 USD
us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
86461000 USD
us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
32333000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
12500000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
0 USD
us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
0 USD
us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
10833000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
1008000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
1713000 USD
CY2014Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
18521000 USD
CY2015Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
18718000 USD
CY2014Q2 us-gaap Reimbursement Revenue
ReimbursementRevenue
200000 USD
us-gaap Reimbursement Revenue
ReimbursementRevenue
300000 USD
CY2015Q2 us-gaap Reimbursement Revenue
ReimbursementRevenue
300000 USD
us-gaap Reimbursement Revenue
ReimbursementRevenue
600000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
16710000 USD
us-gaap Repayments Of Other Debt
RepaymentsOfOtherDebt
2205000 USD
CY2014Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
2787000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
5523000 USD
CY2015Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
4797000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
8948000 USD
CY2014Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
829000 USD
CY2015Q2 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
713000 USD
CY2014Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-64366000 USD
CY2015Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-73993000 USD
us-gaap Revenue Recognition Sales Returns Reserve For Sales Returns
RevenueRecognitionSalesReturnsReserveForSalesReturns
-51000 USD
us-gaap Revenue Recognition Sales Returns Reserve For Sales Returns
RevenueRecognitionSalesReturnsReserveForSalesReturns
7000 USD
CY2014Q2 us-gaap Revenues
Revenues
19158000 USD
us-gaap Revenues
Revenues
35992000 USD
CY2015Q2 us-gaap Revenues
Revenues
26284000 USD
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
11541000 USD
CY2014Q2 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
6032000 USD
us-gaap Revenues
Revenues
50441000 USD
CY2015Q2 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
6987000 USD
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
13181000 USD
CY2014Q2 us-gaap Share Based Compensation
ShareBasedCompensation
1068000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
1986000 USD
CY2015Q2 us-gaap Share Based Compensation
ShareBasedCompensation
1639000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
2961000 USD
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
CY2015Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.468
CY2015Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.461
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMaximum
0.468
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMaximum
0.469
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMinimum
0.451
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMinimum
0.461
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.016
CY2015Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.015
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.015
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
0.019
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
0.012
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
200000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
7700000 USD
CY2015Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
2500000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
15800000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
58000 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
410000 shares
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
6.40
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
5.42
CY2015Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
9.62
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
8.37
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
6111000 shares
CY2015Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
5606000 shares
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
5.90
CY2015Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
7.55
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
2.01
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
8.49
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
20.64
CY2015Q2 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Exercisable Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfExercisableOptions
2419000 shares
CY2015Q2 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Outstanding Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions
5606000 shares
CY2014Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P4Y9M18D
CY2015Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P4Y3M
CY2014Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
400000 USD
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
800000 USD
CY2015Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
600000 USD
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
1700000 USD
CY2015Q2 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Exercise Price1
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageExercisePrice1
3.33
us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageRemainingContractualTerm2
P4Y9M18D
us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageRemainingContractualTerm2
P5Y3M18D
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
857000 shares
CY2014Q4 us-gaap Stockholders Equity
StockholdersEquity
78940000 USD
CY2015Q2 us-gaap Stockholders Equity
StockholdersEquity
106286000 USD
CY2014Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
1000 shares
CY2015Q2 us-gaap Treasury Stock Shares
TreasuryStockShares
1000 shares
CY2014Q4 us-gaap Treasury Stock Value
TreasuryStockValue
20000 USD
CY2015Q2 us-gaap Treasury Stock Value
TreasuryStockValue
27000 USD
CY2014Q4 us-gaap Unbilled Receivables Current
UnbilledReceivablesCurrent
2300000 USD
CY2015Q2 us-gaap Unbilled Receivables Current
UnbilledReceivablesCurrent
3400000 USD
CY2015Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 USD
CY2014Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
34068000 shares
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
24143000 shares
CY2015Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
37232000 shares
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
36437000 shares
us-gaap Advertising Cost Policy Expensed Advertising Cost
AdvertisingCostPolicyExpensedAdvertisingCost
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">All advertising costs of the Company are expensed the first time the advertising takes place.</font></div></div>
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Financial instruments that potentially subject the Company to concentrations of credit risk consist of cash and cash equivalents, restricted cash, investments and accounts receivable. The Company's cash and cash equivalents, restricted cash and investments are placed with high credit quality financial institutions and issuers, and at times may exceed federally-insured limits. The Company has not experienced any loss relating to cash and cash equivalents or restricted cash in these accounts. The Company provides credit, in the normal course of business, to a number of its customers. The Company performs periodic credit evaluations of its customers' financial condition and generally does not require collateral. </font></div></div>
us-gaap Revenue Recognition Deferred Revenue
RevenueRecognitionDeferredRevenue
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Deferred revenues primarily consist of amounts that have been billed to or received from customers in advance of revenue recognition and prepayments received from customers in advance for implementation, maintenance and other services, as well as initial subscription fees. The Company recognizes deferred revenues as revenues when the services are performed and the corresponding revenue recognition criteria are met. Customer prepayments are generally applied against invoices issued to customers when services are performed and billed. Deferred revenues that are expected to be recognized as revenues during the succeeding twelve month period are recorded in current liabilities as deferred revenues, current portion and the remaining portion is recorded in long-term liabilities as deferred revenues, net of current portion.</font></div></div>
us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of the accompanying interim unaudited condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the interim unaudited condensed consolidated financial statements, and the reported amounts of revenues and expenses. Significant items subject to such estimates include revenue recognition, stock-based compensation, the useful lives of property and equipment and income taxes. In accordance with GAAP, management bases its estimates on historical experience and on various other assumptions that management believes are reasonable under the circumstances. Management regularly evaluates its estimates and assumptions using historical experience and other factors; however, actual results could differ significantly from those estimates.</font></div></div>

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