2013 Q4 Form 10-K Financial Statement

#000091727315000005 Filed on February 20, 2015

View on sec.gov

Income Statement

Concept 2013 Q4 2013 Q3 2013 Q2
Revenue $73.42M $73.29M $57.92M
YoY Change 27.82% 27.4% 3.03%
Cost Of Revenue $10.40M $8.958M $7.365M
YoY Change 65.08% 18.98% 0.34%
Gross Profit $63.10M $64.34M $50.55M
YoY Change 23.48% 28.67% 3.44%
Gross Profit Margin 85.94% 87.78% 87.28%
Selling, General & Admin $18.50M $18.70M $14.14M
YoY Change -13.55% -22.91% -56.09%
% of Gross Profit 29.32% 29.06% 27.96%
Research & Development $26.80M $27.55M $30.78M
YoY Change -19.03% -10.17% -19.74%
% of Gross Profit 42.47% 42.83% 60.88%
Depreciation & Amortization $11.40M $11.30M $10.90M
YoY Change 9.62% 1.8% -3.54%
% of Gross Profit 18.07% 17.56% 21.56%
Operating Expenses $45.30M $46.25M $44.91M
YoY Change -16.88% -15.8% -36.33%
Operating Profit $6.214M $9.065M $5.744M
YoY Change -254.31% -119.25% -126.41%
Interest Expense -$9.800M $8.552M $7.426M
YoY Change 36.11% 20.1% 10.52%
% of Operating Profit -157.71% 94.34% 129.28%
Other Income/Expense, Net -$8.486M -$8.845M
YoY Change 18.97% 33.41%
Pretax Income -$3.600M $579.0K -$3.101M
YoY Change -67.86% -101.07% -89.07%
Income Tax $6.200M $6.304M $4.743M
% Of Pretax Income 1088.77%
Net Earnings -$9.777M -$5.725M -$7.844M
YoY Change -39.27% -90.15% -75.64%
Net Earnings / Revenue -13.32% -7.81% -13.54%
Basic Earnings Per Share -$0.05 -$0.07
Diluted Earnings Per Share -$86.57K -$0.05 -$0.07
COMMON SHARES
Basic Shares Outstanding 113.2M shares 112.6M shares 112.2M shares
Diluted Shares Outstanding 113.2M shares 112.6M shares 112.2M shares

Balance Sheet

Concept 2013 Q4 2013 Q3 2013 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $387.7M $366.4M $205.6M
YoY Change 90.7% 76.92% 1.18%
Cash & Equivalents $338.7M $308.0M $155.3M
Short-Term Investments $49.00M $58.40M $50.40M
Other Short-Term Assets $8.500M $6.300M $9.500M
YoY Change -24.78% -45.69% -5.94%
Inventory
Prepaid Expenses
Receivables $2.251M $1.597M $1.003M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $398.4M $374.3M $216.1M
YoY Change 85.14% 70.82% 1.23%
LONG-TERM ASSETS
Property, Plant & Equipment $72.64M $72.77M $75.83M
YoY Change -16.41% -13.63% -12.94%
Goodwill $116.9M $116.9M $125.0M
YoY Change -6.46% -6.46%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $3.498M $3.801M $1.718M
YoY Change 11.72% -31.07% -88.77%
Total Long-Term Assets $315.0M $330.7M $346.7M
YoY Change -15.46% -13.59% -18.84%
TOTAL ASSETS
Total Short-Term Assets $398.4M $374.3M $216.1M
Total Long-Term Assets $315.0M $330.7M $346.7M
Total Assets $713.4M $705.0M $562.8M
YoY Change 21.36% 17.14% -12.15%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $7.001M $5.967M $5.300M
YoY Change -11.58% -23.9% -38.37%
Accrued Expenses $33.40M $31.40M $31.30M
YoY Change -1.18% -21.11% -5.15%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $164.0M $159.7M $155.5M
YoY Change
Total Short-Term Liabilities $212.8M $204.3M $198.0M
YoY Change 293.18% 234.4% 285.94%
LONG-TERM LIABILITIES
Long-Term Debt $149.0M $148.0M $39.70M
YoY Change -23.0% -22.02% -78.66%
Other Long-Term Liabilities $4.769M $3.039M $4.117M
YoY Change -60.51% -71.74% -79.21%
Total Long-Term Liabilities $4.769M $3.039M $4.117M
YoY Change -60.51% -71.74% -98.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $212.8M $204.3M $198.0M
Total Long-Term Liabilities $4.769M $3.039M $4.117M
Total Liabilities $373.2M $361.9M $248.3M
YoY Change 40.17% 33.54% -3.42%
SHAREHOLDERS EQUITY
Retained Earnings -$787.7M -$778.0M -$772.2M
YoY Change 4.48% 5.44%
Common Stock $1.128B $1.121B $1.087B
YoY Change 4.87% 4.9%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $340.2M $343.1M $314.5M
YoY Change
Total Liabilities & Shareholders Equity $713.4M $705.0M $562.8M
YoY Change 21.36% 17.14% -12.15%

Cashflow Statement

Concept 2013 Q4 2013 Q3 2013 Q2
OPERATING ACTIVITIES
Net Income -$9.777M -$5.725M -$7.844M
YoY Change -39.27% -90.15% -75.64%
Depreciation, Depletion And Amortization $11.40M $11.30M $10.90M
YoY Change 9.62% 1.8% -3.54%
Cash From Operating Activities $20.20M $25.60M -$10.10M
YoY Change 778.26% 137.04% -48.47%
INVESTING ACTIVITIES
Capital Expenditures -$1.200M -$600.0K -$2.200M
YoY Change -80.0% -92.0% -67.16%
Acquisitions
YoY Change
Other Investing Activities $9.300M -$8.000M $7.400M
YoY Change 1760.0% 86.05% -169.81%
Cash From Investing Activities $8.200M -$8.700M $5.200M
YoY Change -249.09% -26.27% -130.06%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 2.300M 135.9M 3.000M
YoY Change 2200.0% 22550.0% 233.33%
NET CHANGE
Cash From Operating Activities 20.20M 25.60M -10.10M
Cash From Investing Activities 8.200M -8.700M 5.200M
Cash From Financing Activities 2.300M 135.9M 3.000M
Net Change In Cash 30.70M 152.8M -1.900M
YoY Change -1090.32% -38300.0% -94.72%
FREE CASH FLOW
Cash From Operating Activities $20.20M $25.60M -$10.10M
Capital Expenditures -$1.200M -$600.0K -$2.200M
Free Cash Flow $21.40M $26.20M -$7.900M
YoY Change 157.83% 43.17% -38.76%

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148984000 USD
CY2013Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
338696000 USD
CY2014Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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154126000 USD
CY2013Q4 us-gaap Commitments And Contingencies
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USD
CY2014Q4 us-gaap Commitments And Contingencies
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USD
CY2013Q4 us-gaap Common Stock Par Or Stated Value Per Share
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0.001
CY2014Q4 us-gaap Common Stock Par Or Stated Value Per Share
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0.001
CY2013Q4 us-gaap Common Stock Shares Authorized
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500000000 shares
CY2014Q4 us-gaap Common Stock Shares Authorized
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500000000 shares
CY2013Q4 us-gaap Common Stock Shares Issued
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113459390 shares
CY2014Q4 us-gaap Common Stock Shares Issued
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CY2013Q4 us-gaap Common Stock Shares Outstanding
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113459390 shares
CY2014Q4 us-gaap Common Stock Shares Outstanding
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115161675 shares
CY2013Q4 us-gaap Common Stock Value
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113000 USD
CY2014Q4 us-gaap Common Stock Value
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115000 USD
CY2012 us-gaap Comprehensive Income Net Of Tax
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-134247000 USD
CY2013 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-33753000 USD
CY2014 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
26104000 USD
CY2012 us-gaap Contracts Revenue
ContractsRevenue
1666000 USD
CY2013 us-gaap Contracts Revenue
ContractsRevenue
7390000 USD
CY2014 us-gaap Contracts Revenue
ContractsRevenue
25037000 USD
CY2013Q4 us-gaap Convertible Long Term Notes Payable
ConvertibleLongTermNotesPayable
109629000 USD
CY2014Q4 us-gaap Convertible Long Term Notes Payable
ConvertibleLongTermNotesPayable
115089000 USD
CY2013Q4 us-gaap Convertible Notes Payable
ConvertibleNotesPayable
273676000 USD
CY2014Q4 us-gaap Convertible Notes Payable
ConvertibleNotesPayable
115089000 USD
CY2013Q4 us-gaap Convertible Notes Payable Current
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164047000 USD
CY2014Q4 us-gaap Convertible Notes Payable Current
ConvertibleNotesPayableCurrent
0 USD
CY2012 us-gaap Cost Of Revenue
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28372000 USD
CY2013 us-gaap Cost Of Revenue
CostOfRevenue
33215000 USD
CY2014 us-gaap Cost Of Revenue
CostOfRevenue
41947000 USD
CY2012 us-gaap Costs And Expenses
CostsAndExpenses
324485000 USD
CY2013Q1 us-gaap Costs And Expenses
CostsAndExpenses
65425000 USD
CY2013Q2 us-gaap Costs And Expenses
CostsAndExpenses
52175000 USD
CY2013Q3 us-gaap Costs And Expenses
CostsAndExpenses
64229000 USD
CY2013Q4 us-gaap Costs And Expenses
CostsAndExpenses
67208000 USD
CY2013 us-gaap Costs And Expenses
CostsAndExpenses
249037000 USD
CY2014Q1 us-gaap Costs And Expenses
CostsAndExpenses
55099000 USD
CY2014Q2 us-gaap Costs And Expenses
CostsAndExpenses
56414000 USD
CY2014Q3 us-gaap Costs And Expenses
CostsAndExpenses
55244000 USD
CY2014Q4 us-gaap Costs And Expenses
CostsAndExpenses
54455000 USD
CY2014 us-gaap Costs And Expenses
CostsAndExpenses
221212000 USD
CY2012 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
15048000 USD
CY2013 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
19319000 USD
CY2013 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
446000 USD
CY2014 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
1640000 USD
CY2012 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
-2868000 USD
CY2013 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
47000 USD
CY2014 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
713000 USD
CY2013Q4 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
36824000 USD
CY2014Q4 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
22911000 USD
CY2012 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
587000 USD
CY2013 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
2200000 USD
CY2014 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
2337000 USD
CY2014 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
19386000 USD
CY2012 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
543000 USD
CY2012 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
207000 USD
CY2013 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
220000 USD
CY2014 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-27000 USD
CY2012 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
3728000 USD
CY2013 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
1919000 USD
CY2014 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
2310000 USD
CY2013Q4 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
466000 USD
CY2014Q4 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
4133000 USD
CY2012 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
2934000 USD
CY2013 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-501000 USD
CY2014 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
0 USD
CY2013Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
208312000 USD
CY2014Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
197491000 USD
CY2013Q4 us-gaap Deferred Tax Assets Liabilities Net
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2489000 USD
CY2014Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
-4475000 USD
CY2013Q4 us-gaap Deferred Tax Assets Net Current
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205000 USD
CY2014Q4 us-gaap Deferred Tax Assets Net Current
DeferredTaxAssetsNetCurrent
187000 USD
CY2013Q4 us-gaap Deferred Tax Assets Net Noncurrent
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4797000 USD
CY2014Q4 us-gaap Deferred Tax Assets Net Noncurrent
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536000 USD
CY2013Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
27752000 USD
CY2014Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
12307000 USD
CY2013Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
100052000 USD
CY2014Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
116658000 USD
CY2013Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
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33837000 USD
CY2014Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
29511000 USD
CY2013Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Other
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsOther
18578000 USD
CY2014Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Other
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsOther
9916000 USD
CY2013Q4 us-gaap Deferred Tax Assets Valuation Allowance
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192823000 USD
CY2014Q4 us-gaap Deferred Tax Assets Valuation Allowance
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193874000 USD
CY2013Q4 us-gaap Deferred Tax Liabilities Current
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791000 USD
CY2014Q4 us-gaap Deferred Tax Liabilities Current
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1131000 USD
CY2013Q4 us-gaap Deferred Tax Liabilities Noncurrent
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1722000 USD
CY2014Q4 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
4067000 USD
CY2012 us-gaap Depreciation
Depreciation
13190000 USD
CY2013 us-gaap Depreciation
Depreciation
15451000 USD
CY2014 us-gaap Depreciation
Depreciation
13625000 USD
CY2012 us-gaap Earnings Per Share Basic
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-1.21
CY2013 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.30
CY2014 us-gaap Earnings Per Share Basic
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0.23
CY2012 us-gaap Earnings Per Share Basic Undistributed
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-1.21
CY2013Q1 us-gaap Earnings Per Share Basic Undistributed
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-0.09
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-0.07
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-0.05
CY2013Q4 us-gaap Earnings Per Share Basic Undistributed
EarningsPerShareBasicUndistributed
-0.09
CY2013 us-gaap Earnings Per Share Basic Undistributed
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-0.30
CY2014Q1 us-gaap Earnings Per Share Basic Undistributed
EarningsPerShareBasicUndistributed
0.07
CY2014Q2 us-gaap Earnings Per Share Basic Undistributed
EarningsPerShareBasicUndistributed
0.04
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EarningsPerShareBasicUndistributed
0.05
CY2014Q4 us-gaap Earnings Per Share Basic Undistributed
EarningsPerShareBasicUndistributed
0.07
CY2014 us-gaap Earnings Per Share Basic Undistributed
EarningsPerShareBasicUndistributed
0.23
CY2012 us-gaap Earnings Per Share Diluted
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-1.21
CY2013 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.30
CY2014 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.22
CY2012 us-gaap Earnings Per Share Diluted Undistributed
EarningsPerShareDilutedUndistributed
-1.21
CY2013Q1 us-gaap Earnings Per Share Diluted Undistributed
EarningsPerShareDilutedUndistributed
-0.09
CY2013Q2 us-gaap Earnings Per Share Diluted Undistributed
EarningsPerShareDilutedUndistributed
-0.07
CY2013Q3 us-gaap Earnings Per Share Diluted Undistributed
EarningsPerShareDilutedUndistributed
-0.05
CY2013Q4 us-gaap Earnings Per Share Diluted Undistributed
EarningsPerShareDilutedUndistributed
-0.09
CY2013 us-gaap Earnings Per Share Diluted Undistributed
EarningsPerShareDilutedUndistributed
-0.30
CY2014Q1 us-gaap Earnings Per Share Diluted Undistributed
EarningsPerShareDilutedUndistributed
0.07
CY2014Q2 us-gaap Earnings Per Share Diluted Undistributed
EarningsPerShareDilutedUndistributed
0.04
CY2014Q3 us-gaap Earnings Per Share Diluted Undistributed
EarningsPerShareDilutedUndistributed
0.05
CY2014Q4 us-gaap Earnings Per Share Diluted Undistributed
EarningsPerShareDilutedUndistributed
0.07
CY2014 us-gaap Earnings Per Share Diluted Undistributed
EarningsPerShareDilutedUndistributed
0.22
CY2012 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-5000 USD
CY2013 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-138000 USD
CY2014 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-97000 USD
CY2012 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.140
CY2013 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
1.808
CY2014 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.479
CY2012 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
-0.350
CY2013 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
-0.350
CY2014 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.350
CY2012 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.324
CY2013 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
2.523
CY2014 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.134
CY2012 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.174
CY2013 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.041
CY2014 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.025
CY2012 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
0.007
CY2013Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
21770000 USD
CY2014Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
21770000 USD
CY2013 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
8070000 USD
CY2014 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2013 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
0.025
CY2014 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
0.014
CY2012 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.022
CY2013 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.010
CY2014 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.006
CY2012 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.001
CY2013 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
-0.033
CY2014 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.010
CY2012 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Foreign
EffectiveIncomeTaxRateReconciliationTaxCreditsForeign
-0.133
CY2013 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Foreign
EffectiveIncomeTaxRateReconciliationTaxCreditsForeign
-1.633
CY2014 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Foreign
EffectiveIncomeTaxRateReconciliationTaxCreditsForeign
-0.387
CY2012 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
EffectiveIncomeTaxRateReconciliationTaxCreditsResearch
0.000
CY2013 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
EffectiveIncomeTaxRateReconciliationTaxCreditsResearch
-0.367
CY2014 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
EffectiveIncomeTaxRateReconciliationTaxCreditsResearch
-0.061
CY2013Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
33448000 USD
CY2014Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
14840000 USD
CY2013 us-gaap Fair Value Inputs Long Term Revenue Growth Rate
FairValueInputsLongTermRevenueGrowthRate
0.03
CY2014 us-gaap Fair Value Inputs Long Term Revenue Growth Rate
FairValueInputsLongTermRevenueGrowthRate
0.03
CY2013Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
100423000 USD
CY2014Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
127343000 USD
CY2014Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
3630000 USD
CY2014Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
25098000 USD
CY2014Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
1789000 USD
CY2014Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
10827000 USD
CY2014Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
23709000 USD
CY2014Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
24318000 USD
CY2013Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
217595000 USD
CY2014Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
216714000 USD
CY2013Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
117172000 USD
CY2014Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
89371000 USD
CY2012 us-gaap Gain Loss On Disposition Of Intangible Assets
GainLossOnDispositionOfIntangibleAssets
0 USD
CY2013 us-gaap Gain Loss On Disposition Of Intangible Assets
GainLossOnDispositionOfIntangibleAssets
1388000 USD
CY2014 us-gaap Gain Loss On Disposition Of Intangible Assets
GainLossOnDispositionOfIntangibleAssets
3529000 USD
CY2012 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-8000 USD
CY2013 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-364000 USD
CY2014 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
0 USD
CY2012 us-gaap Gain Loss Related To Litigation Settlement
GainLossRelatedToLitigationSettlement
0 USD
CY2013 us-gaap Gain Loss Related To Litigation Settlement
GainLossRelatedToLitigationSettlement
535000 USD
CY2014 us-gaap Gain Loss Related To Litigation Settlement
GainLossRelatedToLitigationSettlement
2040000 USD
CY2012Q4 us-gaap Goodwill
Goodwill
124969000 USD
CY2013Q4 us-gaap Goodwill
Goodwill
116899000 USD
CY2014Q4 us-gaap Goodwill
Goodwill
116899000 USD
CY2013 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
0 USD
CY2014 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
0 USD
CY2013Q4 us-gaap Goodwill Gross
GoodwillGross
138669000 USD
CY2014Q4 us-gaap Goodwill Gross
GoodwillGross
138669000 USD
CY2012 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-61036000 USD
CY2013 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
18720000 USD
CY2014 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
20691000 USD
CY2012 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-9664000 USD
CY2013 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-1544000 USD
CY2014 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
2006000 USD
CY2012 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-497000 USD
CY2013 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
1722000 USD
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-12535000 USD
CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
49173000 USD
CY2012 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-117885000 USD
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-12017000 USD
CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
50250000 USD
CY2012 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
-56849000 USD
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
518000 USD
CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
1077000 USD
CY2012 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-117885000 USD
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-12017000 USD
CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
50250000 USD
CY2012 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
16451000 USD
CY2013 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
21731000 USD
CY2014 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
24049000 USD
CY2012 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
16384000 USD
CY2014 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
3750000 USD
CY2012 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-3522000 USD
CY2013 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-716000 USD
CY2014 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
2263000 USD
CY2012 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
7604000 USD
CY2013 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-7647000 USD
CY2014 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
3667000 USD
CY2012 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-5757000 USD
CY2013 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
533000 USD
CY2014 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-19893000 USD
CY2012 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-8379000 USD
CY2013 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-6174000 USD
CY2014 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
2431000 USD
CY2012 us-gaap Interest Expense
InterestExpense
27510000 USD
CY2013 us-gaap Interest Expense
InterestExpense
32885000 USD
CY2014 us-gaap Interest Expense
InterestExpense
24820000 USD
CY2012 us-gaap Interest Paid Net
InterestPaidNet
8625000 USD
CY2013 us-gaap Interest Paid Net
InterestPaidNet
8625000 USD
CY2014 us-gaap Interest Paid Net
InterestPaidNet
5861000 USD
CY2012 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
4100000 USD
CY2013 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
3100000 USD
CY2014 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
2600000 USD
CY2013Q4 us-gaap Liabilities
Liabilities
373150000 USD
CY2014Q4 us-gaap Liabilities
Liabilities
196657000 USD
CY2013Q4 us-gaap Liabilities And Stockholders Equity
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8400000 shares
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CY2013 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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CY2014 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;text-align:left;text-indent:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Credit Concentration</font></div><div style="line-height:120%;padding-bottom:10px;text-align:left;text-indent:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">As of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2014</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2013</font><font style="font-family:inherit;font-size:10pt;">, the Company&#8217;s cash, cash equivalents and marketable securities were invested with various financial institutions in the form of corporate notes, bonds and commercial paper, money market funds, U.S.&#160;government bonds and notes, and municipal bonds and notes. The Company&#8217;s exposure to market risk for changes in interest rates relates primarily to its investment portfolio. The Company places its investments with high credit issuers and, by investment policy, attempts to limit the amount of credit exposure to any one issuer. As stated in the Company&#8217;s investment policy, it will ensure the safety and preservation of the Company&#8217;s invested funds by limiting default risk and market risk. The Company has no investments denominated in foreign country currencies and therefore is not subject to foreign exchange risk from these assets.</font></div><div style="line-height:120%;padding-bottom:10px;text-align:left;text-indent:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company mitigates default risk by investing in high credit quality securities and by positioning its portfolio to respond appropriately to a significant reduction in a credit rating of any investment issuer or guarantor. The portfolio includes only marketable securities with active secondary or resale markets to enable portfolio liquidity.</font></div><div style="line-height:120%;padding-bottom:10px;text-align:left;text-indent:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company's accounts receivable are derived from revenue earned from customers located in the U.S. and internationally. See Note 7, "Segments and Major Customers" for further details.</font></div></div>
CY2014 us-gaap Description Of New Accounting Pronouncements Not Yet Adopted
DescriptionOfNewAccountingPronouncementsNotYetAdopted
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Recent Accounting Pronouncements</font></div><div style="line-height:120%;padding-bottom:10px;text-indent:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In November 2014, the FASB issued Accounting Standard Update ("ASU") No. 2014-17, Business Combination (Topic 805): Pushdown Accounting (a consensus of the FASB Emerging Issues Task Force). The amendments in this Update apply to the separate financial statements of an acquired entity and its subsidiaries that are a business or nonprofit activity (either public or nonpublic) upon occurrence of an event in which an acquirer (an individual or an entity) obtains control of the acquired entity. The amendments in this Update are effective on November 18, 2014. After the effective date, an acquired entity can make an election to apply the guidance to future change-in-control events or its most recent change-in-control event. However, if the financial statements for the period in which the most recent change-in-control event occurred already have been issued or made available to be issued, the application of this guidance would be a change in accounting principle. The Company does not expect that this guidance will have a material impact on its financial position, results of operations or cash flows.</font></div><div style="line-height:120%;padding-bottom:6px;padding-top:6px;text-align:left;text-indent:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In August 2014, the FASB issued ASU No. 2014-15, "Disclosures of Uncertainties About an Entity's Ability to Continue as a Going Concern." The new standard provides guidance around management's responsibility to evaluate whether there is substantial doubt about an entity's ability to continue as a going concern and to provide related footnote disclosures. The new standard is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2016. Early adoption is permitted. The Company does not expect that this guidance will have a material impact on its financial position, results of operations or cash flows.</font></div><div style="line-height:120%;padding-bottom:10px;text-indent:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In June 2014, the FASB issued ASU No. 2014-12, "Compensation - Stock Compensation (Topic 718)," which makes amendments to the codification topic 718, "Accounting for Share-Based Payments," when the terms of an award provide that a performance target could be achieved after the requisite service period. The new accounting standards update becomes effective for the Company on January 1, 2016. The Company is currently evaluating the impact that this guidance will have on its financial position, results of operations or cash flows.</font></div><div style="line-height:120%;padding-bottom:10px;text-indent:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In May 2014, the FASB and International Accounting Standards Board issued their converged accounting standards update on revenue recognition. The core principle of the new guidance is for companies to recognize revenue to depict the transfer of goods or services to customers in amounts that reflect the consideration (that is, payment) to which the company expects to be entitled in exchange for those goods or services. The new guidance also will result in enhanced disclosures about revenue, provide guidance for transactions that were not previously addressed comprehensively (for example, service revenue and contract modifications) and improve guidance for multiple-element arrangements. The new accounting standards update becomes effective for the Company on January 1, 2017. The Company is currently evaluating the impact that this guidance will have on its financial condition and results of operations.</font></div><div style="line-height:120%;padding-bottom:10px;text-indent:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In April 2014, the FASB issued ASU No. 2014-08, "Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity," which changes the criteria for determining which disposals can be presented as discontinued operations and modifies related disclosure requirements. The new accounting standards update becomes effective for the Company on January 1, 2015. Early adoption is permitted for new disposals (or new classifications as held for sale) that have not been reported in financial statements previously issued or available for issuance. The Company does not expect that this guidance will have an impact on its financial position, results of operations or cash flows as the Company does not currently have discontinued operations.</font></div><div style="line-height:120%;padding-bottom:10px;text-align:left;text-indent:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In July 2013, the FASB issued ASU No. 2013-11 &#8220;Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists&#8221; ("ASU 2013-11"). ASU 2013-11 provides guidance on the presentation of unrecognized tax benefits. ASU 2013-11 requires presenting an unrecognized tax benefit or a portion of an unrecognized tax benefit as a reduction to a deferred tax asset for a net operating loss carryforward, a similar tax loss or a tax credit carry forward, except to the extent a net operating loss carryforward, a similar tax loss, or a tax credit carryforward is not available at the reporting date under the tax law of the applicable jurisdiction to settle any additional income taxes that would result from the disallowance of a tax position or the tax law of the applicable jurisdiction does not require the entity to use, and the entity does not intend to use, the deferred tax asset for such purpose, the unrecognized tax benefit should be presented in the financial statements as a liability and should not be combined with deferred tax assets. This accounting standards update became effective for the Company on January 1, 2014 and was applied prospectively to unrecognized tax benefits that existed at the effective date with retrospective application permitted. Upon adoption of this guidance in the first quarter of 2014, the Company reclassified </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">$4.7 million</font><font style="font-family:inherit;font-size:10pt;"> from a long-term tax liability to a reduction of a deferred tax asset.</font></div></div>
CY2014 us-gaap Nature Of Operations
NatureOfOperations
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Formation and Business of the Company</font></div><div style="line-height:120%;padding-bottom:10px;text-align:left;text-indent:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Rambus Inc. (the &#8220;Company&#8221; or &#8220;Rambus&#8221;), the innovative technology solutions company that brings invention to market, was incorporated in California in March 1990 and reincorporated in Delaware in March 1997. In addition to licensing, the Company is creating new business opportunities through offering products and services where its goal is to perpetuate strong company operating performance and long-term stockholder value. The Company generates revenue by licensing its inventions and solutions, whether in the form of patent licensing, solutions licensing, services or products, to market-leading companies. &#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;padding-bottom:10px;text-align:left;text-indent:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">While the Company has historically focused its efforts on the development of technologies for electronics memory and chip interfaces, the Company has expanded its portfolio of inventions and solutions to address additional markets in lighting, chip and system security, as well as new areas within the semiconductor industry, such as computational sensing and imaging. The Company intends to continue its growth into new technology fields, consistent with its mission to create great value through the Company's innovations and to make those technologies available through both its licensing and non-licensing business models. Key to the Company's efforts will be hiring and retaining world-class inventors, scientists and engineers to lead the development of inventions and technology solutions for its fields of focus, and the management and business support personnel necessary to execute its plans and strategies.</font></div></div>
CY2014 us-gaap Revenue Recognition Long Term Contracts
RevenueRecognitionLongTermContracts
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;text-align:left;text-indent:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Contract and Other Revenue</font></div><div style="line-height:120%;padding-bottom:10px;text-align:left;text-indent:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Rambus recognizes revenue from the sale of products when risk of loss and title have transferred to customers, provided all other revenue recognition criteria have been met. The Company accrues for sales returns and warranty based on experience, none of which are currently material. </font></div><div style="line-height:120%;padding-bottom:10px;text-align:left;text-indent:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Rambus generally recognizes revenue using percentage of completion or proportional performance for development contracts related to licenses of its solutions that involve significant engineering and integration services. For agreements accounted for using the percentage-of-completion method, Rambus determines progress to completion using input measures based upon contract costs incurred. Rambus has evaluated use of output measures versus input measures and has determined that its output is not sufficiently uniform with respect to cost, time and effort per unit of output to use output measures as a measure of progress to completion. </font></div><div style="line-height:120%;padding-bottom:10px;text-align:left;text-indent:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;"></font></div></div>
CY2014 us-gaap Revenue Recognition Services Royalty Fees
RevenueRecognitionServicesRoyaltyFees
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;text-align:left;text-indent:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Royalty Revenue</font></div><div style="line-height:120%;padding-bottom:10px;text-align:left;text-indent:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Rambus generally recognizes royalty revenue upon notification by its customers and when deemed collectible. The terms of the royalty agreements generally either require customers to give Rambus notification and to pay the royalties within a specified period or are based on a fixed royalty that is due within a specified period. Many of Rambus&#8217; customers have the right to cancel their licenses. In such arrangements, revenue is only recognized to the extent that is consistent with the cancellation provisions. Cancellation provisions within such contracts generally provide for a prospective cancellation with no refund of fees already remitted by customers for products provided and payment for services rendered prior to the date of cancellation. Rambus has </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">two</font><font style="font-family:inherit;font-size:10pt;"> types of royalty revenue: (1)&#160;patent license royalties and (2)&#160;technology license royalties.</font></div><div style="line-height:120%;padding-bottom:10px;text-align:left;text-indent:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Patent licenses - Rambus licenses its broad portfolio of patented inventions to companies who use these inventions in the development and manufacture of their own products. Such licensing agreements may cover the license of part, or all, of Rambus' patent portfolio. The contractual terms of the agreements generally provide for payments over an extended period of time. For the licensing agreements with fixed royalty payments, Rambus generally recognizes revenue from these arrangements as amounts become due. For the licensing agreements with variable royalty payments which can be based on either a percentage of sales or number of units sold, Rambus earns royalties at the time that the customers&#8217; sales occur. Rambus&#8217; customers, however, do not report and pay royalties owed for sales in any given quarter until after the conclusion of that quarter. As Rambus is unable to estimate the customers&#8217; sales in any given quarter to determine the royalties due to Rambus, it recognizes royalty revenues based on royalties reported by customers during the quarter and when other revenue recognition criteria are met.</font></div><div style="line-height:120%;padding-bottom:10px;text-align:left;text-indent:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In addition, Rambus may enter into certain settlements of patent infringement disputes. The amount of consideration received upon any settlement (including but not limited to past royalty payments, future royalty payments and punitive damages) is allocated to each element of the settlement based on the fair value of each element. In addition, revenues related to past royalties are recognized upon execution of the agreement by both parties, provided that the amounts are fixed or determinable, there are no significant undelivered obligations and collectability is reasonably assured. Rambus does not recognize any revenues prior to execution of the agreement since there is no reliable basis on which it can estimate the amounts for royalties related to previous periods or assess collectability. Elements that are related to royalty revenue in nature (including but not limited to past royalty payments and future royalty payments) will be recorded as royalty revenue in the consolidated statements of operations. Elements that are not related to royalty revenue in nature (including but not limited to punitive damage and settlement) will be recorded as gain from settlement which is reflected as a separate line item within the operating expenses section in the consolidated statements of operations.</font></div><div style="line-height:120%;padding-bottom:10px;text-align:left;text-indent:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Technology licenses - Rambus develops proprietary and industry-standard products that it provides to its customers under technology license agreements. These arrangements include royalties, which can be based on either a percentage of sales or number of units sold. Rambus earns royalties on such licensed products sold worldwide by its customers at the time that the customers&#8217; sales occur. Rambus&#8217; customers, however, do not report and pay royalties owed for sales in any given quarter until after the conclusion of that quarter. As Rambus is unable to estimate the customers&#8217; sales in any given quarter to determine the royalties due to Rambus, it recognizes royalty revenues based on royalties reported by customers during the quarter and when other revenue recognition criteria are met. </font></div></div>
CY2014 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;text-align:left;text-indent:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Use of Estimates</font></div><div style="line-height:120%;padding-bottom:10px;text-align:left;text-indent:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.</font></div></div>

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