2017 Q2 Form 10-Q Financial Statement

#000113155418000045 Filed on July 09, 2018

View on sec.gov

Income Statement

Concept 2017 Q2 2016 Q4 2016 Q2
Revenue $119.0M $107.0M $121.1M
YoY Change -1.74% 23.77% 38.07%
Cost Of Revenue $47.80M $51.20M $48.20M
YoY Change -0.83% -397.67% -12.2%
Gross Profit $71.24M $55.80M $72.92M
YoY Change -2.31% 36.87% 40.87%
Gross Profit Margin 59.87% 52.14% 60.22%
Selling, General & Admin $29.35M $41.61M $29.88M
YoY Change -1.76% 56.98% 60.52%
% of Gross Profit 41.21% 74.57% 40.98%
Research & Development $20.82M $29.59M $28.05M
YoY Change -25.77% 22.3% 24.84%
% of Gross Profit 29.23% 53.03% 38.46%
Depreciation & Amortization $23.55M $35.50M $24.09M
YoY Change -2.25% 71.63% 45.17%
% of Gross Profit 33.06% 63.62% 33.04%
Operating Expenses $50.17M $71.20M $57.93M
YoY Change -13.39% 40.43% 41.01%
Operating Profit -$8.894M -$51.69M -$13.35M
YoY Change -33.37% 61.03% 82.15%
Interest Expense $11.84M $2.408M $1.834M
YoY Change 545.8% 60.21% 29.34%
% of Operating Profit
Other Income/Expense, Net -$1.556M $886.0K $668.0K
YoY Change -332.93% 9.65% 41.53%
Pretax Income -$19.04M -$52.79M -$13.92M
YoY Change 36.72% 63.81% 78.43%
Income Tax $3.573M -$14.46M $370.0K
% Of Pretax Income
Net Earnings -$26.57M $36.06M $7.832M
YoY Change -439.22% -337.6% 5.71%
Net Earnings / Revenue -22.33% 33.7% 6.47%
Basic Earnings Per Share -$0.60 $0.71 $0.18
Diluted Earnings Per Share -$0.60 $0.71 $0.18
COMMON SHARES
Basic Shares Outstanding 44.62M shares 43.81M shares 43.45M shares
Diluted Shares Outstanding 44.62M shares 49.01M shares 43.45M shares

Balance Sheet

Concept 2017 Q2 2016 Q4 2016 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $223.7M $182.3M $173.3M
YoY Change 29.08% -14.81% -28.39%
Cash & Equivalents $216.6M $169.8M $89.99M
Short-Term Investments $7.200M $12.50M $62.30M
Other Short-Term Assets $116.8M $38.28M $49.90M
YoY Change 134.07% -32.61% 2.89%
Inventory
Prepaid Expenses
Receivables $107.3M $107.5M $120.2M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $447.8M $369.7M $344.1M
YoY Change 30.13% -9.15% -19.38%
LONG-TERM ASSETS
Property, Plant & Equipment $136.6M $158.2M $170.5M
YoY Change -19.86% -5.99% 3.9%
Goodwill $231.9M $224.7M $236.0M
YoY Change -1.72% 49.84%
Intangibles
YoY Change
Long-Term Investments $44.02M $43.65M $13.90M
YoY Change 216.71% 90.41%
Other Assets $9.098M $8.658M $10.37M
YoY Change -12.27% -16.35% -53.7%
Total Long-Term Assets $1.590B $684.7M $685.8M
YoY Change 131.8% 13.49% 44.37%
TOTAL ASSETS
Total Short-Term Assets $447.8M $369.7M $344.1M
Total Long-Term Assets $1.590B $684.7M $685.8M
Total Assets $2.037B $1.054B $1.030B
YoY Change 97.84% 4.37% 14.2%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $8.995M $17.06M $35.15M
YoY Change -74.41% -34.49% 80.26%
Accrued Expenses $61.13M $76.88M $67.62M
YoY Change -9.6% 67.8% 78.41%
Deferred Revenue
YoY Change
Short-Term Debt $877.0M $29.00M $47.00M
YoY Change 1766.05%
Long-Term Debt Due $877.0M $29.00M $47.00M
YoY Change 1765.96%
Total Short-Term Liabilities $1.121B $183.2M $196.7M
YoY Change 469.77% 128.49% 173.91%
LONG-TERM LIABILITIES
Long-Term Debt $238.9M $0.00 $239.2M
YoY Change -0.13% -100.0% -1.89%
Other Long-Term Liabilities $8.871M $8.193M $8.324M
YoY Change 6.57% 207.08% 152.24%
Total Long-Term Liabilities $8.871M $8.193M $8.324M
YoY Change 6.57% 207.08% -96.63%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.121B $183.2M $196.7M
Total Long-Term Liabilities $8.871M $8.193M $8.324M
Total Liabilities $1.129B $191.4M $205.0M
YoY Change 450.96% 131.02% -37.86%
SHAREHOLDERS EQUITY
Retained Earnings $19.16M $107.6M $79.82M
YoY Change -75.99% -46.55%
Common Stock $588.6M $571.2M $538.0M
YoY Change 9.42% 11.38%
Preferred Stock
YoY Change
Treasury Stock (at cost) $105.6M $106.6M $98.49M
YoY Change 7.2% 62.42%
Treasury Stock Shares 5.059M shares 5.096M shares
Shareholders Equity $474.0M $529.8M $485.5M
YoY Change
Total Liabilities & Shareholders Equity $2.037B $1.054B $1.030B
YoY Change 97.84% 4.37% 14.2%

Cashflow Statement

Concept 2017 Q2 2016 Q4 2016 Q2
OPERATING ACTIVITIES
Net Income -$26.57M $36.06M $7.832M
YoY Change -439.22% -337.6% 5.71%
Depreciation, Depletion And Amortization $23.55M $35.50M $24.09M
YoY Change -2.25% 71.63% 45.17%
Cash From Operating Activities -$7.700M $72.50M $29.70M
YoY Change -125.93% 370.78% -29.12%
INVESTING ACTIVITIES
Capital Expenditures -$700.0K -$11.10M -$11.40M
YoY Change -93.86% 101.82% 6.54%
Acquisitions
YoY Change
Other Investing Activities -$6.800M $32.80M $5.000M
YoY Change -236.0% -256.94% -130.49%
Cash From Investing Activities -$7.600M $21.70M -$6.300M
YoY Change 20.63% -182.2% -76.75%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -2.900M -5.700M -24.50M
YoY Change -88.16% -130.98% -402.47%
NET CHANGE
Cash From Operating Activities -7.700M 72.50M 29.70M
Cash From Investing Activities -7.600M 21.70M -6.300M
Cash From Financing Activities -2.900M -5.700M -24.50M
Net Change In Cash -18.20M 88.50M -1.100M
YoY Change 1554.55% 1095.95% -104.8%
FREE CASH FLOW
Cash From Operating Activities -$7.700M $72.50M $29.70M
Capital Expenditures -$700.0K -$11.10M -$11.40M
Free Cash Flow -$7.000M $83.60M $41.10M
YoY Change -117.03% 300.0% -21.86%

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us-gaap Depreciation Depletion And Amortization
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47639000 USD
CY2017Q2 us-gaap Derivative Liabilities
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288000 USD
CY2016Q4 us-gaap Disposal Group Including Discontinued Operation Assets Noncurrent
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0 USD
CY2017Q2 us-gaap Disposal Group Including Discontinued Operation Assets Noncurrent
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901892000 USD
us-gaap Disposal Group Not Discontinued Operation Gain Loss On Disposal
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us-gaap Disposal Group Not Discontinued Operation Gain Loss On Disposal
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us-gaap Dividends
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0 USD
CY2016Q4 us-gaap Due From Related Parties Noncurrent
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70269000 USD
CY2017Q2 us-gaap Due From Related Parties Noncurrent
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82099000 USD
CY2017Q2 us-gaap Due From Related Parties Noncurrent
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82100000 USD
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0.18
us-gaap Earnings Per Share Basic
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CY2017Q2 us-gaap Earnings Per Share Basic
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us-gaap Earnings Per Share Basic
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0.18
us-gaap Earnings Per Share Diluted
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-0.49
CY2017Q2 us-gaap Earnings Per Share Diluted
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us-gaap Earnings Per Share Diluted
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us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents Continuing Operations
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us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents Continuing Operations
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2550000 USD
us-gaap Effective Income Tax Rate Continuing Operations
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0.250
us-gaap Effective Income Tax Rate Continuing Operations
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0.070
CY2017Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
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59200000 USD
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y6M15D
CY2016Q2 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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2655000 USD
us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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5363000 USD
CY2017Q2 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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506000 USD
us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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1713000 USD
CY2017Q2 us-gaap Equity Method Investment Ownership Percentage
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0.30
CY2016Q4 us-gaap Equity Method Investment Summarized Financial Information Assets
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1164000 USD
CY2017Q2 us-gaap Equity Method Investment Summarized Financial Information Assets
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18061000 USD
CY2016Q4 us-gaap Equity Method Investments
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43650000 USD
CY2017Q2 us-gaap Equity Method Investments
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44023000 USD
CY2016Q4 us-gaap Finite Lived Intangible Assets Net
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162968000 USD
CY2017Q2 us-gaap Finite Lived Intangible Assets Net
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145876000 USD
us-gaap Gain Loss On Disposition Of Assets
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us-gaap Gain Loss On Disposition Of Assets
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4947000 USD
CY2016Q4 us-gaap Goodwill
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224651000 USD
CY2017Q2 us-gaap Goodwill
Goodwill
231941000 USD
CY2016Q2 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
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us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-39296000 USD
CY2017Q2 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-19793000 USD
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-62356000 USD
CY2016Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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-60593000 USD
CY2017Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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-19035000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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-14293000 USD
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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-45443000 USD
CY2017Q2 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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us-gaap Income Loss From Continuing Operations Per Diluted Share
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CY2017Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
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us-gaap Income Loss From Continuing Operations Per Diluted Share
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CY2016Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax
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18985000 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax
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17799000 USD
CY2016Q2 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
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us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
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CY2017Q2 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-0.44
us-gaap Income Loss From Continuing Operations Per Basic Share
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CY2016Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
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CY2017Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax
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us-gaap Income Loss From Discontinued Operations Net Of Tax
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CY2016Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
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0.44
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
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0.41
CY2017Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
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us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
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-0.52
CY2016Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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0.44
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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0.41
CY2017Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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-0.52
CY2016Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
0 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
0 USD
CY2017Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
233000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
981000 USD
CY2016Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
370000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-15150000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-15200000 USD
CY2017Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3573000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-5148000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-5100000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
3208000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
4533000 USD
us-gaap Increase Decrease In Accounts Payable
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51000 USD
us-gaap Increase Decrease In Accounts Payable
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-9847000 USD
us-gaap Increase Decrease In Accounts Receivable
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26313000 USD
us-gaap Increase Decrease In Accounts Receivable
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-623000 USD
us-gaap Increase Decrease In Accrued Liabilities
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-10762000 USD
us-gaap Increase Decrease In Accrued Liabilities
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-18746000 USD
us-gaap Increase Decrease In Deferred Revenue
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57171000 USD
us-gaap Increase Decrease In Deferred Revenue
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14539000 USD
us-gaap Increase Decrease In Operating Capital
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18645000 USD
us-gaap Increase Decrease In Other Operating Assets
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-2599000 USD
us-gaap Increase Decrease In Other Operating Assets
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-2353000 USD
us-gaap Increase Decrease In Other Operating Liabilities
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-28954000 USD
us-gaap Increase Decrease In Other Operating Liabilities
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-31000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-24853000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
14869000 USD
CY2016Q2 us-gaap Interest Expense
InterestExpense
1834000 USD
us-gaap Interest Expense
InterestExpense
3410000 USD
CY2016Q2 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
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0 shares
us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
0 shares
CY2017Q2 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
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0 shares
us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
0 shares
CY2016Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2017Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2017Q2 us-gaap Interest Expense
InterestExpense
11844000 USD
us-gaap Interest Expense
InterestExpense
22461000 USD
us-gaap Interest Expense Lessee Assets Under Capital Lease
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458000 USD
us-gaap Interest Expense Lessee Assets Under Capital Lease
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533000 USD
CY2016Q2 us-gaap Interest Expense Other
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362000 USD
us-gaap Interest Expense Other
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698000 USD
CY2017Q2 us-gaap Interest Expense Other
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418000 USD
us-gaap Interest Expense Other
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658000 USD
CY2016Q2 us-gaap Interest On Convertible Debt Net Of Tax
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0 USD
us-gaap Interest On Convertible Debt Net Of Tax
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0 USD
CY2017Q2 us-gaap Interest On Convertible Debt Net Of Tax
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0 USD
us-gaap Interest Paid
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1355000 USD
us-gaap Interest Paid
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11243000 USD
CY2016Q2 us-gaap Investment Income Interest
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591000 USD
us-gaap Investment Income Interest
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1221000 USD
CY2017Q2 us-gaap Investment Income Interest
InvestmentIncomeInterest
3026000 USD
us-gaap Investment Income Interest
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5883000 USD
CY2016Q4 us-gaap Liabilities And Stockholders Equity
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1054351000 USD
CY2017Q2 us-gaap Liabilities And Stockholders Equity
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183202000 USD
CY2017Q2 us-gaap Liabilities Current
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CY2016Q4 us-gaap Liabilities Fair Value Disclosure
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2833000 USD
CY2017Q2 us-gaap Liabilities Fair Value Disclosure
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3119000 USD
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0 USD
CY2017Q2 us-gaap Liabilities Of Disposal Group Including Discontinued Operation Current
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73208000 USD
CY2016Q4 us-gaap Liabilities Of Disposal Group Including Discontinued Operation Noncurrent
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0 USD
CY2017Q2 us-gaap Liabilities Of Disposal Group Including Discontinued Operation Noncurrent
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CY2016Q4 us-gaap Long Term Debt
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CY2017Q2 us-gaap Long Term Debt
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255291000 USD
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1193000 USD
us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Operating Activities
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53056000 USD
us-gaap Net Cash Provided By Used In Operating Activities
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CY2016Q2 us-gaap Net Income Loss
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us-gaap Net Income Loss
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CY2017Q2 us-gaap Net Income Loss
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us-gaap Net Income Loss
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CY2016Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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us-gaap Net Income Loss Attributable To Noncontrolling Interest
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CY2017Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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us-gaap Net Income Loss Attributable To Noncontrolling Interest
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CY2016Q2 us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
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us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
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CY2017Q2 us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
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us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
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CY2016Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
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7832000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
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CY2017Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
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us-gaap Net Income Loss Available To Common Stockholders Diluted
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CY2016Q2 us-gaap Net Income Loss From Continuing Operations Available To Common Shareholders Diluted
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us-gaap Net Income Loss From Continuing Operations Available To Common Shareholders Diluted
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CY2017Q2 us-gaap Net Income Loss From Continuing Operations Available To Common Shareholders Diluted
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us-gaap Net Income Loss From Continuing Operations Available To Common Shareholders Diluted
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CY2016Q4 us-gaap Notes Receivable Net
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CY2016Q2 us-gaap Operating Income Loss
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us-gaap Operating Income Loss
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CY2017Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
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us-gaap Operating Income Loss
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CY2016Q2 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
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us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
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CY2017Q2 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
10000 USD
us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
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18000 USD
CY2016Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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3348000 USD
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9064000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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12724000 USD
CY2016Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
3708000 USD
CY2017Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
10234000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
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us-gaap Other Nonoperating Income Expense
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2630000 USD
us-gaap Payments For Proceeds From Productive Assets
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4049000 USD
us-gaap Payments For Proceeds From Productive Assets
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5300000 USD
us-gaap Payments For Repurchase Of Common Stock
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us-gaap Payments For Repurchase Of Common Stock
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us-gaap Payments To Acquire Available For Sale Securities
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11592000 USD
us-gaap Payments To Acquire Available For Sale Securities
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219000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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86482000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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us-gaap Payments To Acquire Notes Receivable
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us-gaap Payments To Acquire Notes Receivable
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us-gaap Payments To Acquire Property Plant And Equipment
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18605000 USD
us-gaap Payments To Acquire Property Plant And Equipment
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5235000 USD
CY2016Q4 us-gaap Preferred Stock Shares Outstanding
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CY2017Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
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CY2017Q2 us-gaap Prepaid Expense And Other Assets Current
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us-gaap Proceeds From Divestiture Of Businesses
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0 USD
us-gaap Proceeds From Divestiture Of Businesses
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13500000 USD
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
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0 USD
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
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608000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
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0 USD
us-gaap Proceeds From Issuance Of Long Term Debt
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900000000 USD
us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
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20567000 USD
us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
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7191000 USD
CY2016Q2 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
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0 USD
CY2017Q2 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
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0 USD
us-gaap Proceeds From Sale Of Treasury Stock
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955000 USD
us-gaap Proceeds From Sale Of Treasury Stock
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1047000 USD
us-gaap Proceeds From Stock Plans
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4945000 USD
us-gaap Proceeds From Stock Plans
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2460000 USD
us-gaap Proceeds From Unsecured Lines Of Credit
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50000000 USD
us-gaap Proceeds From Unsecured Lines Of Credit
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0 USD
CY2016Q2 us-gaap Profit Loss
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4692000 USD
us-gaap Profit Loss
ProfitLoss
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CY2017Q2 us-gaap Profit Loss
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us-gaap Profit Loss
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136640000 USD
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<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. (referred to herein as &#8220;Synchronoss&#8221;, the &#8220;Company&#8221;, &#8220;we&#8221;, &#8220;our&#8221; or &#8220;us&#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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