2018 Q1 Form 10-Q Financial Statement

#000113155418000026 Filed on July 02, 2018

View on sec.gov

Income Statement

Concept 2018 Q1 2017 Q1
Revenue $83.71M $86.10M
YoY Change -2.77% 10.03%
Cost Of Revenue $44.50M $46.10M
YoY Change -3.47% -0.22%
Gross Profit $39.20M $40.04M
YoY Change -2.1% 24.76%
Gross Profit Margin 46.83% 46.51%
Selling, General & Admin $38.11M $38.82M
YoY Change -1.82% 49.78%
% of Gross Profit 97.22% 96.94%
Research & Development $20.91M $25.49M
YoY Change -17.98% -1.31%
% of Gross Profit 53.33% 63.66%
Depreciation & Amortization $23.27M $24.09M
YoY Change -3.39% 5.73%
% of Gross Profit 59.36% 60.15%
Operating Expenses $59.02M $64.30M
YoY Change -8.22% 24.28%
Operating Profit -$44.23M -$51.35M
YoY Change -13.85% 13.24%
Interest Expense $1.247M $10.62M
YoY Change -88.25% 573.67%
% of Operating Profit
Other Income/Expense, Net $4.282M $4.186M
YoY Change 2.29% -1198.69%
Pretax Income -$37.85M -$54.17M
YoY Change -30.13% 16.08%
Income Tax $125.0K -$8.721M
% Of Pretax Income
Net Earnings -$40.05M -$58.70M
YoY Change -31.78% 100.13%
Net Earnings / Revenue -47.84% -68.18%
Basic Earnings Per Share -$0.95 -$1.33
Diluted Earnings Per Share -$0.95 -$1.33
COMMON SHARES
Basic Shares Outstanding 42.18M shares 44.21M shares
Diluted Shares Outstanding 42.18M shares 44.21M shares

Balance Sheet

Concept 2018 Q1 2017 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $312.5M $231.1M
YoY Change 35.22% 30.71%
Cash & Equivalents $310.4M $221.2M
Short-Term Investments $2.000M $10.00M
Other Short-Term Assets $36.10M $141.5M
YoY Change -74.49% 157.74%
Inventory
Prepaid Expenses
Receivables $42.03M $92.49M
Other Receivables $0.00 $0.00
Total Short-Term Assets $390.6M $465.2M
YoY Change -16.04% 33.78%
LONG-TERM ASSETS
Property, Plant & Equipment $99.70M $147.1M
YoY Change -32.23% -11.17%
Goodwill $240.0M $225.0M
YoY Change 6.7% -1.6%
Intangibles
YoY Change
Long-Term Investments $30.42M $44.40M
YoY Change -31.49% 148.03%
Other Assets $5.130M $16.34M
YoY Change -68.61% 33.79%
Total Long-Term Assets $592.3M $1.583B
YoY Change -62.58% 131.04%
TOTAL ASSETS
Total Short-Term Assets $390.6M $465.2M
Total Long-Term Assets $592.3M $1.583B
Total Assets $982.9M $2.048B
YoY Change -52.01% 98.29%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $14.52M $26.71M
YoY Change -45.64% -19.49%
Accrued Expenses $64.66M $55.19M
YoY Change 17.15% -28.54%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $6.051M
YoY Change -100.0% -87.9%
Long-Term Debt Due $6.100M
YoY Change -87.8%
Total Short-Term Liabilities $113.9M $235.0M
YoY Change -51.54% 17.11%
LONG-TERM LIABILITIES
Long-Term Debt $238.9M $874.7M
YoY Change -72.69% 265.52%
Other Long-Term Liabilities $6.255M $8.516M
YoY Change -26.55% -57.87%
Total Long-Term Liabilities $6.255M $883.2M
YoY Change -99.29% 4269.44%
TOTAL LIABILITIES
Total Short-Term Liabilities $113.9M $235.0M
Total Long-Term Liabilities $6.255M $883.2M
Total Liabilities $120.2M $1.118B
YoY Change -89.25% 406.18%
SHAREHOLDERS EQUITY
Retained Earnings -$54.61M $45.73M
YoY Change -219.42% -34.08%
Common Stock $615.5M $584.4M
YoY Change 5.33% 9.86%
Preferred Stock
YoY Change
Treasury Stock (at cost) $150.4M $105.6M
YoY Change 42.46% 40.7%
Treasury Stock Shares 11.05M shares 5.059M shares
Shareholders Equity $390.8M $486.0M
YoY Change
Total Liabilities & Shareholders Equity $982.9M $2.048B
YoY Change -52.01% 98.29%

Cashflow Statement

Concept 2018 Q1 2017 Q1
OPERATING ACTIVITIES
Net Income -$40.05M -$58.70M
YoY Change -31.78% 100.13%
Depreciation, Depletion And Amortization $23.27M $24.09M
YoY Change -3.39% 5.73%
Cash From Operating Activities -$9.389M -$12.60M
YoY Change -25.48% -153.94%
INVESTING ACTIVITIES
Capital Expenditures $1.093M $4.402M
YoY Change -75.17% -55.99%
Acquisitions $0.00 $815.0M
YoY Change -100.0% 842.4%
Other Investing Activities -$5.200M -$800.5M
YoY Change -99.35% 870.3%
Cash From Investing Activities -$13.37M -$807.3M
YoY Change -98.34% 760.04%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change -100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $86.11M $850.2M
YoY Change -89.87% 2269.86%
NET CHANGE
Cash From Operating Activities -$9.389M -$12.60M
Cash From Investing Activities -$13.37M -$807.3M
Cash From Financing Activities $86.11M $850.2M
Net Change In Cash $65.61M $29.32M
YoY Change 123.75% -184.68%
FREE CASH FLOW
Cash From Operating Activities -$9.389M -$12.60M
Capital Expenditures $1.093M $4.402M
Free Cash Flow -$10.48M -$17.00M
YoY Change -38.34% -227.3%

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CY2018Q1 us-gaap Equity Method Investment Summarized Financial Information Current Liabilities
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25000 USD
CY2018Q1 us-gaap Equity Method Investment Summarized Financial Information Liabilities
EquityMethodInvestmentSummarizedFinancialInformationLiabilities
25000 USD
CY2017Q4 us-gaap Equity Method Investments
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33917000 USD
CY2018Q1 us-gaap Equity Method Investments
EquityMethodInvestments
30419000 USD
CY2017Q1 us-gaap Fair Value Adjustment Of Warrants
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0 USD
CY2018Q1 us-gaap Fair Value Adjustment Of Warrants
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CY2017Q4 us-gaap Finite Lived Intangible Assets Net
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CY2018Q1 us-gaap Finite Lived Intangible Assets Net
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130038000 USD
CY2017Q1 us-gaap Gain Loss On Disposition Of Assets
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4947000 USD
CY2018Q1 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
0 USD
CY2017Q4 us-gaap Goodwill
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237303000 USD
CY2018Q1 us-gaap Goodwill
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240035000 USD
CY2017Q1 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-42563000 USD
CY2018Q1 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-40045000 USD
CY2017Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-54173000 USD
CY2018Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-37852000 USD
CY2017Q1 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-45452000 USD
CY2018Q1 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-37977000 USD
CY2017Q1 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
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CY2018Q1 us-gaap Income Loss From Continuing Operations Per Basic Share
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-0.95
CY2017Q1 us-gaap Income Loss From Continuing Operations Per Diluted Share
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-0.96
CY2018Q1 us-gaap Income Loss From Continuing Operations Per Diluted Share
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CY2017Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax
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CY2018Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax
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0 USD
CY2017Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
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CY2018Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
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0.00
CY2017Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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-0.37
CY2018Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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0.00
CY2017Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
748000 USD
CY2018Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-205000 USD
CY2018Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-200000 USD
CY2017Q1 us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
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748000 USD
CY2018Q1 us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
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-205000 USD
CY2017Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2017Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2018Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
100000 USD
CY2018Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
125000 USD
CY2017Q1 us-gaap Increase Decrease In Accounts Payable
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11082000 USD
CY2018Q1 us-gaap Increase Decrease In Accounts Payable
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8646000 USD
CY2017Q1 us-gaap Increase Decrease In Accounts Receivable
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CY2018Q1 us-gaap Increase Decrease In Accounts Receivable
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CY2017Q1 us-gaap Increase Decrease In Accrued Liabilities
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-18821000 USD
CY2018Q1 us-gaap Increase Decrease In Accrued Liabilities
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CY2017Q1 us-gaap Increase Decrease In Deferred Revenue
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16143000 USD
CY2018Q1 us-gaap Increase Decrease In Deferred Revenue
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CY2017Q1 us-gaap Increase Decrease In Other Operating Assets
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4925000 USD
CY2018Q1 us-gaap Increase Decrease In Other Operating Assets
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-710000 USD
CY2017Q1 us-gaap Increase Decrease In Other Operating Liabilities
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-39000 USD
CY2018Q1 us-gaap Increase Decrease In Other Operating Liabilities
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-137000 USD
CY2017Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
21055000 USD
CY2018Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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-9402000 USD
CY2017Q1 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
0 shares
CY2018Q1 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
0 shares
CY2017Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2018Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2017Q1 us-gaap Interest Expense
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CY2018Q1 us-gaap Interest Expense
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1247000 USD
CY2017Q1 us-gaap Interest Expense Lessee Assets Under Capital Lease
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269000 USD
CY2018Q1 us-gaap Interest Expense Lessee Assets Under Capital Lease
InterestExpenseLesseeAssetsUnderCapitalLease
275000 USD
CY2017Q1 us-gaap Interest Expense Other
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240000 USD
CY2018Q1 us-gaap Interest Expense Other
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92000 USD
CY2017Q1 us-gaap Interest On Convertible Debt Net Of Tax
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0 USD
CY2018Q1 us-gaap Interest On Convertible Debt Net Of Tax
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0 USD
CY2018Q1 us-gaap Interest Rate Derivative Instruments Not Designated As Hedging Instruments Liability At Fair Value
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100000 USD
CY2017Q1 us-gaap Investment Income Interest
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2857000 USD
CY2018Q1 us-gaap Investment Income Interest
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3552000 USD
CY2017Q4 us-gaap Liabilities And Stockholders Equity
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CY2018Q1 us-gaap Liabilities And Stockholders Equity
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192486000 USD
CY2018Q1 us-gaap Liabilities Current
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113910000 USD
CY2017Q4 us-gaap Liabilities Fair Value Disclosure
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38152000 USD
CY2018Q1 us-gaap Long Term Debt Fair Value
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228057000 USD
CY2017Q1 us-gaap Net Cash Provided By Used In Financing Activities
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850210000 USD
CY2018Q1 us-gaap Liabilities Fair Value Disclosure
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136000 USD
CY2017Q4 us-gaap Long Term Debt
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CY2018Q1 us-gaap Long Term Debt
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CY2017Q4 us-gaap Long Term Debt Fair Value
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227704000 USD
CY2018Q1 us-gaap Net Cash Provided By Used In Financing Activities
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87993000 USD
CY2017Q1 us-gaap Net Cash Provided By Used In Investing Activities
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CY2018Q1 us-gaap Net Cash Provided By Used In Investing Activities
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CY2017Q1 us-gaap Net Cash Provided By Used In Operating Activities
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CY2018Q1 us-gaap Net Cash Provided By Used In Operating Activities
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CY2017Q1 us-gaap Net Income Loss
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CY2018Q1 us-gaap Net Income Loss
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CY2017Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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CY2018Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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CY2017Q1 us-gaap Net Income Loss From Continuing Operations Available To Common Shareholders Diluted
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-42563000 USD
CY2018Q1 us-gaap Net Income Loss From Continuing Operations Available To Common Shareholders Diluted
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CY2017Q1 us-gaap Noncash Or Part Noncash Acquisition Noncash Financial Or Equity Instrument Consideration Shares Issued1
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4700000 shares
CY2018Q1 us-gaap Noncash Or Part Noncash Acquisition Noncash Financial Or Equity Instrument Consideration Shares Issued1
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0 shares
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CY2018Q1 us-gaap Operating Income Loss
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CY2018Q1 us-gaap Other Assets Noncurrent
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3660000 USD
CY2018Q1 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
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2872000 USD
CY2017Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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3861000 USD
CY2018Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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3680000 USD
CY2017Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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8000 USD
CY2018Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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CY2017Q4 us-gaap Other Liabilities Noncurrent
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6195000 USD
CY2018Q1 us-gaap Other Liabilities Noncurrent
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6255000 USD
CY2017Q1 us-gaap Other Nonoperating Income Expense
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4186000 USD
CY2018Q1 us-gaap Other Nonoperating Income Expense
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4282000 USD
CY2017Q1 us-gaap Payments For Software
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5353000 USD
CY2018Q1 us-gaap Payments For Software
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7047000 USD
CY2017Q1 us-gaap Payments To Acquire Available For Sale Securities
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219000 USD
CY2018Q1 us-gaap Payments To Acquire Available For Sale Securities
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6676000 USD
CY2017Q1 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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815094000 USD
CY2018Q1 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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0 USD
CY2017Q1 us-gaap Payments To Acquire Interest In Subsidiaries And Affiliates
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2704000 USD
CY2018Q1 us-gaap Payments To Acquire Interest In Subsidiaries And Affiliates
PaymentsToAcquireInterestInSubsidiariesAndAffiliates
0 USD
CY2017Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
4402000 USD
CY2018Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1093000 USD
CY2018Q1 us-gaap Preferred Stock Dividend Rate Percentage
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0.145
CY2017Q1 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
0 USD
CY2018Q1 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
3353000 USD
CY2017Q1 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
0 USD
CY2018Q1 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
3353000 USD
CY2017Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
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0.0001
CY2018Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
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0.0001
CY2017Q4 us-gaap Prepaid Expense And Other Assets Current
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43557000 USD
CY2018Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
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0.0001
CY2018Q1 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
185000 shares
CY2017Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2017Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2017Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2018Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2018Q1 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
185000 shares
CY2017Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2018Q1 us-gaap Preferred Stock Value
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165246000 USD
CY2018Q1 us-gaap Prepaid Expense And Other Assets Current
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34782000 USD
CY2017Q1 us-gaap Proceeds From Issuance Of Long Term Debt
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900000000 USD
CY2018Q1 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 USD
CY2017Q1 us-gaap Proceeds From Issuance Of Redeemable Preferred Stock
ProceedsFromIssuanceOfRedeemablePreferredStock
0 USD
CY2018Q1 us-gaap Proceeds From Issuance Of Redeemable Preferred Stock
ProceedsFromIssuanceOfRedeemablePreferredStock
86220000 USD
CY2017Q1 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
3975000 USD
CY2018Q1 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
1450000 USD
CY2017Q1 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
13500000 USD
CY2018Q1 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
0 USD
CY2017Q1 us-gaap Proceeds From Sale Of Treasury Stock
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1047000 USD
CY2018Q1 us-gaap Proceeds From Sale Of Treasury Stock
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0 USD
CY2017Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
2406000 USD
CY2018Q1 us-gaap Proceeds From Stock Options Exercised
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2142000 USD
CY2017Q1 us-gaap Profit Loss
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CY2018Q1 us-gaap Profit Loss
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CY2017Q4 us-gaap Property Plant And Equipment Net
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111825000 USD
CY2018Q1 us-gaap Property Plant And Equipment Net
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99701000 USD
CY2017Q4 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
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25280000 USD
CY2018Q1 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
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12500000 USD
CY2017Q4 us-gaap Redeemable Noncontrolling Interest Equity Other Fair Value
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25280000 USD
CY2018Q1 us-gaap Redeemable Noncontrolling Interest Equity Other Fair Value
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12500000 USD
CY2017Q1 us-gaap Repayments Of Debt And Capital Lease Obligations
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0 USD
CY2018Q1 us-gaap Repayments Of Debt And Capital Lease Obligations
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0 USD
CY2017Q1 us-gaap Repayments Of Lines Of Credit
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29000000 USD
CY2018Q1 us-gaap Repayments Of Lines Of Credit
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0 USD
CY2017Q1 us-gaap Repayments Of Long Term Capital Lease Obligations
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664000 USD
CY2018Q1 us-gaap Repayments Of Long Term Capital Lease Obligations
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369000 USD
CY2017Q1 us-gaap Research And Development Expense
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25489000 USD
CY2018Q1 us-gaap Research And Development Expense
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20905000 USD
CY2017Q1 us-gaap Restricted Cash
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CY2018Q1 us-gaap Restricted Cash
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CY2017Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
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89826000 USD
CY2018Q1 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
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1312000 USD
CY2017Q1 us-gaap Restructuring Charges
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2998000 USD
CY2018Q1 us-gaap Restructuring Charges
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1108000 USD
CY2017Q4 us-gaap Retained Earnings Accumulated Deficit
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CY2018Q1 us-gaap Retained Earnings Accumulated Deficit
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CY2018Q1 us-gaap Revenue Remaining Performance Obligation
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415100000 USD
CY2018Q1 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period
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P2Y
CY2017Q1 us-gaap Revenues
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CY2018Q1 us-gaap Revenues
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CY2017Q1 us-gaap Selling General And Administrative Expense
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38815000 USD
CY2018Q1 us-gaap Selling General And Administrative Expense
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38110000 USD
CY2017Q1 us-gaap Share Based Compensation
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8112000 USD
CY2018Q1 us-gaap Share Based Compensation
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7184000 USD
CY2018Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
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1287000 shares
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32.35
CY2018Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
21.11
CY2018Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue
0 USD
CY2018Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
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1287000 shares
CY2018Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
32.35
CY2017Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
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997000 USD
CY2018Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
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0 USD
CY2018Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
76000 shares
CY2018Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
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84000 shares
CY2018Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
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971000 USD
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
3950000 shares
CY2018Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
3958000 shares
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
21.54
CY2018Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0.00
CY2018Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
29.17
CY2018Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
8.15
CY2018Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
0 USD
CY2018Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P3Y6M4D
CY2018Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P5Y3M
CY2018Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P3Y6M4D
CY2017Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
0 USD
CY2018Q1 us-gaap Short Term Borrowings
ShortTermBorrowings
0 USD
CY2018Q1 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
0 shares
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
463587000 USD
CY2018Q1 us-gaap Stockholders Equity
StockholdersEquity
390819000 USD
CY2017Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
5059000 shares
CY2018Q1 us-gaap Treasury Stock Shares
TreasuryStockShares
11054000 shares
CY2017Q4 us-gaap Treasury Stock Value
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105584000 USD
CY2018Q1 us-gaap Treasury Stock Value
TreasuryStockValue
150414000 USD
CY2017Q1 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
0 USD
CY2017Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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44212000 shares
CY2018Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
42181000 shares
CY2017Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
44212000 shares
CY2018Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
42181000 shares
CY2018Q1 us-gaap Nature Of Operations
NatureOfOperations
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Description of Business</font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">General</font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Synchronoss Technologies, Inc. (&#8220;Synchronoss&#8221; or the &#8220;Company&#8221;) is a global software and services company that provides essential technologies for the mobile transformation of business. The Company&#8217;s portfolio, which is targeted at the Consumer and Enterprise markets, contains offerings such as personal cloud, secure-mobility, identity management and scalable messaging platforms, products and solutions. These essential technologies create a better way of delivering the transformative mobile experiences that service providers and enterprises need to help them stay ahead of the curve in competition, innovation, productivity, growth and operational efficiency.</font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Synchronoss&#8217; products and platforms are designed to be carrier-grade, flexible and scalable, enabling multiple converged communication services to be managed across a range of distribution channels including e-commerce, m-commerce, telesales, customer stores, indirect and other retail outlets. This business model allows the Company to meet the rapidly changing converged services and connected devices offered by their customers. Synchronoss&#8217; products, platforms and solutions enable its enterprise and service provider customers to acquire, retain and service subscribers and employees quickly, reliably and cost-effectively with white label and custom-branded solutions. Synchronoss customers can simplify the processes associated with managing the customer experience for procuring, activating, connecting, backing-up, synchronizing and sharing/collaboration with connected devices and contents from these devices and associated services. The extensibility, scalability, reliability and relevance of the Company&#8217;s platforms enable new revenue streams and retention opportunities for their customers through new subscriber acquisitions, sale of new devices, accessories and new value-added service offerings in the Cloud. By using the Company&#8217;s technologies, Synchronoss customers can optimize their cost of operations while enhancing their customer experience.</font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company currently operates in and markets their solutions and services directly through their sales organizations in North America, Europe, the Middle East and Africa (&#8220;EMEA&#8221;), and the Asia-Pacific region. Synchronoss delivers essential technologies for mobile transformation to two primary types of customers: service provider and enterprise customers in regulated verticals and use cases.</font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Service Providers, Retailers, OEMs, Re-sellers and Service Integrators</font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company&#8217;s products and platforms provide end-to-end seamless integration between customer-facing channels/applications, communication services, or devices and &#8220;back-office&#8221; infrastructure-related systems and processes. Synchronoss&#8217; customers rely on these solutions and technology to automate the process of activation and content and settings management for their subscribers&#8217; devices while delivering additional communication services. Synchronoss&#8217; portfolio includes: cloud-based sync, backup, storage and content engagement capabilities, broadband connectivity solutions, analytics, white label messaging, identity/access management that enable communications service providers (&#8220;CSPs&#8221;), cable operators/multi-services operators (&#8220;MSOs&#8221;) and original equipment manufacturers (&#8220;OEMs&#8221;) with embedded connectivity (e.g. smartphones, laptops, tablets and mobile internet devices (&#8220;MIDs&#8221;) such as automobiles, wearables for personal health and wellness, and connected homes), multi-channel retailers, as well as other customers to accelerate and monetize value-add services for secure and broadband networks and connected devices.</font></div></div>

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