$SRDX
SURMODICS INC

2014 Q3 Form 10-Q Financial Statement

#000119312514291489 Filed on August 01, 2014

View on sec.gov

Income Statement

Concept 2014 Q3 2014 Q2 2013 Q2
Revenue $15.34M $14.62M $14.29M
YoY Change 7.27% 2.29% 0.0%
Cost Of Revenue $2.280M $2.037M $1.990M
YoY Change 14.0% 2.36% -11.59%
Gross Profit $13.06M $12.58M $12.30M
YoY Change 6.27% 2.28% 2.17%
Gross Profit Margin 85.16% 86.06% 86.07%
Selling, General & Admin $3.560M $3.591M $4.052M
YoY Change 54.11% -11.38% 18.76%
% of Gross Profit 27.26% 28.55% 32.95%
Research & Development $4.060M $3.655M $4.009M
YoY Change 3.31% -8.83% 14.44%
% of Gross Profit 31.09% 29.06% 32.6%
Depreciation & Amortization $670.0K $674.0K $728.0K
YoY Change -6.94% -7.42% -0.82%
% of Gross Profit 5.13% 5.36% 5.92%
Operating Expenses $7.620M $7.246M $8.061M
YoY Change 22.12% -10.11% 16.57%
Operating Profit $5.434M $5.333M $4.238M
YoY Change -2.55% 25.84% 0.0%
Interest Expense -$1.140M $70.00K $60.00K
YoY Change -184.44% 16.67% -57.14%
% of Operating Profit -20.98% 1.31% 1.42%
Other Income/Expense, Net $10.00K $70.00K $62.00K
YoY Change -100.76% 12.9% -55.4%
Pretax Income $4.300M $5.403M $4.300M
YoY Change -23.21% 25.65% -12.81%
Income Tax $1.860M $1.729M $1.122M
% Of Pretax Income 43.26% 32.0% 26.09%
Net Earnings $2.344M $3.598M $3.131M
YoY Change -36.41% 14.92% 0.0%
Net Earnings / Revenue 15.28% 24.62% 21.91%
Basic Earnings Per Share $0.17 $0.26 $0.22
Diluted Earnings Per Share $0.17 $0.26 $0.21
COMMON SHARES
Basic Shares Outstanding 13.60M shares 13.59M shares 14.41M shares
Diluted Shares Outstanding 13.81M shares 14.74M shares

Balance Sheet

Concept 2014 Q3 2014 Q2 2013 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $46.60M $40.60M $28.40M
YoY Change 81.32% 42.96% -64.23%
Cash & Equivalents $43.51M $39.73M $17.71M
Short-Term Investments $3.000M $900.0K $10.70M
Other Short-Term Assets $1.200M $2.100M $1.900M
YoY Change -20.0% 10.53% -36.67%
Inventory $2.817M $2.900M $3.210M
Prepaid Expenses
Receivables $4.751M $5.176M $4.736M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $55.28M $50.81M $38.33M
YoY Change 54.5% 32.55% -57.78%
LONG-TERM ASSETS
Property, Plant & Equipment $13.13M $12.71M $12.87M
YoY Change 2.24% -1.24% -2.5%
Goodwill $8.010M $8.010M $8.010M
YoY Change 0.0% 0.0%
Intangibles $2.946M $3.131M $3.874M
YoY Change -20.12% -19.18%
Long-Term Investments $0.00 $16.50M $34.80M
YoY Change -52.59% 20.83%
Other Assets $1.979M $3.166M $3.145M
YoY Change -37.49% 0.67% -74.22%
Total Long-Term Assets $49.61M $49.91M $65.59M
YoY Change -25.0% -23.92% -1.95%
TOTAL ASSETS
Total Short-Term Assets $55.28M $50.81M $38.33M
Total Long-Term Assets $49.61M $49.91M $65.59M
Total Assets $104.9M $100.7M $103.9M
YoY Change 2.91% -3.09% -34.1%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.028M $1.400M $736.0K
YoY Change 7.76% 90.22% 5.14%
Accrued Expenses $2.900M $2.600M $2.800M
YoY Change -34.09% -7.14% 3.7%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $4.067M $4.118M $3.799M
YoY Change -31.94% 8.4% -30.93%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $1.845M $1.779M $1.917M
YoY Change -6.35% -7.2% -26.27%
Total Long-Term Liabilities $1.845M $1.779M $1.917M
YoY Change -6.35% -7.2% -26.27%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.067M $4.118M $3.799M
Total Long-Term Liabilities $1.845M $1.779M $1.917M
Total Liabilities $6.138M $6.046M $5.887M
YoY Change -24.28% 2.7% -26.41%
SHAREHOLDERS EQUITY
Retained Earnings $93.88M $91.54M $87.35M
YoY Change 3.13% 4.79%
Common Stock $3.342M $3.099M $10.72M
YoY Change 22.73% -71.09%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $98.75M $94.67M $98.04M
YoY Change
Total Liabilities & Shareholders Equity $104.9M $100.7M $103.9M
YoY Change 2.91% -3.09% -34.1%

Cashflow Statement

Concept 2014 Q3 2014 Q2 2013 Q2
OPERATING ACTIVITIES
Net Income $2.344M $3.598M $3.131M
YoY Change -36.41% 14.92% 0.0%
Depreciation, Depletion And Amortization $670.0K $674.0K $728.0K
YoY Change -6.94% -7.42% -0.82%
Cash From Operating Activities $5.950M $6.310M $5.050M
YoY Change 1.19% 24.95% -14.7%
INVESTING ACTIVITIES
Capital Expenditures -$1.110M -$370.0K -$210.0K
YoY Change 136.17% 76.19% 31.25%
Acquisitions
YoY Change
Other Investing Activities -$1.120M $25.31M -$30.00K
YoY Change 1766.67% -84466.67% -142.86%
Cash From Investing Activities -$2.240M $24.95M -$240.0K
YoY Change 322.64% -10495.83% 200.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 70.00K 40.00K -7.630M
YoY Change -100.92% -100.52% 4668.75%
NET CHANGE
Cash From Operating Activities 5.950M 6.310M 5.050M
Cash From Investing Activities -2.240M 24.95M -240.0K
Cash From Financing Activities 70.00K 40.00K -7.630M
Net Change In Cash 3.780M 31.30M -2.820M
YoY Change -270.27% -1209.93% -149.65%
FREE CASH FLOW
Cash From Operating Activities $5.950M $6.310M $5.050M
Capital Expenditures -$1.110M -$370.0K -$210.0K
Free Cash Flow $7.060M $6.680M $5.260M
YoY Change 11.18% 27.0% -13.49%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2013Q4 us-gaap Line Of Credit Facility Current Borrowing Capacity
LineOfCreditFacilityCurrentBorrowingCapacity
20000000
CY2014Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
13596744 shares
CY2013Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
17711000
CY2014Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
13594564 shares
CY2014Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
13594564 shares
CY2014Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
45000000 shares
CY2014Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2014Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.05
CY2014Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
450000 shares
CY2014Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.05
CY2014Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2014Q2 us-gaap Deferred Revenue Noncurrent
DeferredRevenueNoncurrent
149000
CY2014Q2 us-gaap Significant Change In Unrecognized Tax Benefits Is Reasonably Possible Amount Of Unrecorded Benefit
SignificantChangeInUnrecognizedTaxBenefitsIsReasonablyPossibleAmountOfUnrecordedBenefit
0
CY2014Q2 us-gaap Preferred Stock Value
PreferredStockValue
0
CY2014Q2 us-gaap Liabilities Of Disposal Group Including Discontinued Operation Current
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent
75000
CY2014Q2 us-gaap Liabilities Current
LiabilitiesCurrent
4118000
CY2014Q2 us-gaap Restructuring Reserve Current
RestructuringReserveCurrent
2000
CY2014Q2 us-gaap Common Stock Value
CommonStockValue
680000
CY2014Q2 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2014Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
36000
CY2014Q2 us-gaap Accounts Payable Current
AccountsPayableCurrent
1400000
CY2014Q2 us-gaap Available For Sale Securities Amortized Cost
AvailableForSaleSecuritiesAmortizedCost
17325000
CY2014Q2 us-gaap Available For Sale Securities Current
AvailableForSaleSecuritiesCurrent
882000
CY2014Q2 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue
5674000
CY2014Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
186000
CY2014Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
3131000
CY2014Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
3166000
CY2014Q2 us-gaap Assets Current
AssetsCurrent
50811000
CY2014Q2 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
882000
CY2014Q2 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
17379000
CY2014Q2 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost
10784000
CY2014Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
594000
CY2014Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
91536000
CY2014Q2 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
2419000
CY2014Q2 us-gaap Stockholders Equity
StockholdersEquity
94671000
CY2014Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
1779000
CY2014Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
844000
CY2014Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
100717000
CY2014Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
5092000
CY2014Q2 us-gaap Disposal Group Including Discontinued Operation Other Current Liabilities
DisposalGroupIncludingDiscontinuedOperationOtherCurrentLiabilities
75000
CY2014Q2 us-gaap Business Acquisition Preacquisition Contingency Amount Of Settlement
BusinessAcquisitionPreacquisitionContingencyAmountOfSettlement
0
CY2014Q2 us-gaap Liabilities Of Disposal Group Including Discontinued Operation
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation
75000
CY2014Q2 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
41000
CY2014Q2 us-gaap Liabilities
Liabilities
6046000
CY2014Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
1756000
CY2014Q2 us-gaap Available For Sale Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
112000
CY2014Q2 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
900000
CY2014Q2 us-gaap Long Term Debt
LongTermDebt
0
CY2014Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
53000
CY2014Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
39729000
CY2014Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
183000
CY2014Q2 us-gaap Goodwill
Goodwill
8010000
CY2014Q2 us-gaap Inventory Raw Materials
InventoryRawMaterials
976000
CY2014Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
12710000
CY2014Q2 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
17325000
CY2014Q2 us-gaap Available For Sale Securities
AvailableForSaleSecurities
17379000
CY2014Q2 us-gaap Available For Sale Securities Noncurrent
AvailableForSaleSecuritiesNoncurrent
16497000
CY2014Q2 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsAmortizedCost
5666000
CY2014Q2 us-gaap Deferred Tax Assets Net Noncurrent
DeferredTaxAssetsNetNoncurrent
6392000
CY2014Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
3131000
CY2014Q2 us-gaap Inventory Finished Goods
InventoryFinishedGoods
1924000
CY2014Q2 us-gaap Available For Sale Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
58000
CY2014Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
137000
CY2014Q2 us-gaap Available For Sale Securities Debt Maturities Within One Year Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost
875000
CY2014Q2 us-gaap Assets
Assets
100717000
CY2014Q2 us-gaap Assets Of Disposal Group Including Discontinued Operation
AssetsOfDisposalGroupIncludingDiscontinuedOperation
85000
CY2014Q2 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
10823000
CY2014Q2 us-gaap Deferred Tax Assets Net Current
DeferredTaxAssetsNetCurrent
321000
CY2014Q2 us-gaap Disposal Group Including Discontinued Operation Other Current Assets
DisposalGroupIncludingDiscontinuedOperationOtherCurrentAssets
85000
CY2014Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
3200000
CY2014Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
731000
CY2014Q2 us-gaap Inventory Net
InventoryNet
2900000
CY2014Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
5176000
CY2014Q2 us-gaap Assets Of Disposal Group Including Discontinued Operation Current
AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent
85000
CY2014Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
8223000
CY2014Q2 srdx Finite Lived Intangible Assets Amortization Expense Year Six
FiniteLivedIntangibleAssetsAmortizationExpenseYearSix
137000
CY2014Q2 srdx Performance Share Awards Fully Expensed
PerformanceShareAwardsFullyExpensed
1100000
CY2014Q2 srdx Exchange Rate
ExchangeRate
1.36452
CY2014Q2 srdx Annual License Maintenance Fee Payable Year One
AnnualLicenseMaintenanceFeePayableYearOne
3600000
CY2014Q2 srdx Amount Payable On Achievement Of Milestone Maximum
AmountPayableOnAchievementOfMilestoneMaximum
2500000
CY2014Q2 srdx Prepaid And Other
PrepaidAndOther
1718000
CY2012Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
15540000
CY2013Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
13891402 shares
CY2013Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
13891402 shares
CY2013Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
45000000 shares
CY2013Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2013Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.05
CY2013Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
450000 shares
CY2013Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.05
CY2013Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2013Q3 us-gaap Deferred Revenue Noncurrent
DeferredRevenueNoncurrent
160000
CY2013Q3 us-gaap Preferred Stock Value
PreferredStockValue
0
CY2013Q3 us-gaap Liabilities Of Disposal Group Including Discontinued Operation Current
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent
139000
CY2013Q3 us-gaap Liabilities Current
LiabilitiesCurrent
5976000
CY2013Q3 us-gaap Restructuring Reserve Current
RestructuringReserveCurrent
416000
CY2013Q3 us-gaap Common Stock Value
CommonStockValue
695000
CY2013Q3 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2013Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
58000
CY2013Q3 us-gaap Accounts Payable Current
AccountsPayableCurrent
954000
CY2013Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
91036000
CY2013Q3 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
2028000
CY2013Q3 us-gaap Stockholders Equity
StockholdersEquity
93817000
CY2013Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
1970000
CY2013Q3 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
1149000
CY2013Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
101923000
CY2013Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
4535000
CY2013Q3 us-gaap Disposal Group Including Discontinued Operation Other Current Liabilities
DisposalGroupIncludingDiscontinuedOperationOtherCurrentLiabilities
139000
CY2013Q3 us-gaap Liabilities Of Disposal Group Including Discontinued Operation
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation
139000
CY2013Q3 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
43000
CY2013Q3 us-gaap Liabilities
Liabilities
8106000
CY2013Q3 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
2271000
CY2013Q3 us-gaap Available For Sale Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
184000
CY2013Q3 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
1000000
CY2013Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
26000
CY2013Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
15495000
CY2013Q3 us-gaap Goodwill
Goodwill
8010000
CY2013Q3 us-gaap Inventory Raw Materials
InventoryRawMaterials
1378000
CY2013Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
12845000
CY2013Q3 us-gaap Available For Sale Securities
AvailableForSaleSecurities
42609000
CY2013Q3 us-gaap Available For Sale Securities Noncurrent
AvailableForSaleSecuritiesNoncurrent
32397000
CY2013Q3 us-gaap Deferred Tax Assets Net Noncurrent
DeferredTaxAssetsNetNoncurrent
6038000
CY2013Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
3688000
CY2013Q3 us-gaap Inventory Finished Goods
InventoryFinishedGoods
1950000
CY2013Q3 us-gaap Available For Sale Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
97000
CY2013Q3 us-gaap Assets
Assets
101923000
CY2013Q3 us-gaap Assets Of Disposal Group Including Discontinued Operation
AssetsOfDisposalGroupIncludingDiscontinuedOperation
46000
CY2013Q3 us-gaap Deferred Tax Assets Net Current
DeferredTaxAssetsNetCurrent
506000
CY2013Q3 us-gaap Disposal Group Including Discontinued Operation Other Current Assets
DisposalGroupIncludingDiscontinuedOperationOtherCurrentAssets
46000
CY2013Q3 us-gaap Inventory Net
InventoryNet
3328000
CY2013Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
5332000
CY2013Q3 us-gaap Assets Of Disposal Group Including Discontinued Operation Current
AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent
46000
CY2013Q3 us-gaap Available For Sale Securities Amortized Cost
AvailableForSaleSecuritiesAmortizedCost
42522000
CY2013Q3 us-gaap Available For Sale Securities Current
AvailableForSaleSecuritiesCurrent
10212000
CY2013Q3 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
3688000
CY2013Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
3166000
CY2013Q3 us-gaap Assets Current
AssetsCurrent
35779000
CY2013Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
8223000
CY2013Q3 srdx Accrued Liabilities And Liabilities Current Related To Share Repurchase
AccruedLiabilitiesAndLiabilitiesCurrentRelatedToShareRepurchase
1004000
CY2013Q3 srdx Prepaid And Other
PrepaidAndOther
860000
CY2011Q4 us-gaap Proceeds From Divestiture Of Interest In Consolidated Subsidiaries
ProceedsFromDivestitureOfInterestInConsolidatedSubsidiaries
30000000
CY2011Q4 srdx Restricted Time Period For Competition
RestrictedTimePeriodForCompetition
P5Y
CY2013Q4 us-gaap Line Of Credit Facility Initiation Date1
LineOfCreditFacilityInitiationDate1
2013-11-04
CY2013Q4 us-gaap Line Of Credit Facility Commitment Fee Percentage
LineOfCreditFacilityCommitmentFeePercentage
0.0020 pure
CY2013Q4 us-gaap Line Of Credit Facility Expiration Period
LineOfCreditFacilityExpirationPeriod
P3Y
CY2013Q2 us-gaap Legal Fees
LegalFees
1300000
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.77
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.265 pure
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
260000 shares
us-gaap Net Cash Provided By Used In Continuing Operations
NetCashProvidedByUsedInContinuingOperations
2171000
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
11904000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.000 pure
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P4Y9M18D
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.73
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.006 pure
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.04
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
14823000 shares
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.79
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.74
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.350 pure
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.04
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.492 pure
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
500000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
14563000 shares
us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
34599000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
5257000
us-gaap Gain Loss On Sale Of Debt Investments
GainLossOnSaleOfDebtInvestments
200000
us-gaap Gain Loss On Investments
GainLossOnInvestments
119000
us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
16688000
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-72000
us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
-252000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
305000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-314000
us-gaap Operating Income Loss
OperatingIncomeLoss
13244000
us-gaap Income Tax Reconciliation Tax Credits Research
IncomeTaxReconciliationTaxCreditsResearch
400000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
11409000
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
1518000
us-gaap Investment Income Nonoperating
InvestmentIncomeNonoperating
187000
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
14762000
us-gaap Discontinued Operation Income Loss From Discontinued Operation Before Income Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax
1151000
us-gaap Discontinued Operation Income Loss From Discontinued Operation During Phase Out Period Net Of Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax
635000
us-gaap Royalty Revenue
RoyaltyRevenue
22294000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
10323000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
1341000
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
10846000
us-gaap Gain On Sale Of Investments
GainOnSaleOfInvestments
1460000
us-gaap Revenues
Revenues
41835000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1448000
us-gaap Net Income Loss
NetIncomeLoss
11481000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-333000
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
158000
us-gaap Available For Sale Securities Gross Realized Gains
AvailableForSaleSecuritiesGrossRealizedGains
171000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1983000
us-gaap Cash Provided By Used In Financing Activities Discontinued Operations
CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations
118000
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
34000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
2174000
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
11145000
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
11552000
us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
-252000
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-1520000
us-gaap Restructuring Charges
RestructuringCharges
0
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
600000
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
2171000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3916000
us-gaap Cost Of Goods Sold
CostOfGoodsSold
5894000
us-gaap Net Cash Provided By Used In Discontinued Operations
NetCashProvidedByUsedInDiscontinuedOperations
0
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-10341000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
273000
us-gaap Impairment Of Investments
ImpairmentOfInvestments
129000
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
608000
us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
-118000
us-gaap Costs And Expenses
CostsAndExpenses
28591000
us-gaap Available For Sale Securities Gross Realized Losses
AvailableForSaleSecuritiesGrossRealizedLosses
4000
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-876000
us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
34487000
us-gaap Proceeds From Sale Of Other Investments
ProceedsFromSaleOfOtherInvestments
2286000
us-gaap Share Based Compensation
ShareBasedCompensation
1983000
us-gaap Discontinued Operation Tax Effect Of Discontinued Operation
DiscontinuedOperationTaxEffectOfDiscontinuedOperation
516000
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
230000
srdx Effective Tax Rate Applied To Discontinued Operations
EffectiveTaxRateAppliedToDiscontinuedOperations
0.448 pure
srdx Weighted Average Per Share Fair Value Of Stock Options
WeightedAveragePerShareFairValueOfStockOptions
8.69
srdx Performance Shares
PerformanceShares
900000
srdx Noncash Transaction Acquisition Of Property Plant And Equipment On Account
NoncashTransactionAcquisitionOfPropertyPlantAndEquipmentOnAccount
19000
srdx Cash Received Paid From Transferred To Discontinued Operations
CashReceivedPaidFromTransferredToDiscontinuedOperations
-118000
srdx Recognized Revenue
RecognizedRevenue
100000
srdx Discrete Tax Benefit
DiscreteTaxBenefit
800000
srdx Research And Development Fees
ResearchAndDevelopmentFees
2853000
srdx Income Tax Expense From Discontinued Operations
IncomeTaxExpenseFromDiscontinuedOperations
516000
srdx Purchase Of Common Stock To Pay Employee Taxes
PurchaseOfCommonStockToPayEmployeeTaxes
39000
srdx Gain Loss On Sale Of Related Party
GainLossOnSaleOfRelatedParty
1300000
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.70
dei Document Type
DocumentType
10-Q
dei Entity Registrant Name
EntityRegistrantName
SURMODICS INC
dei Trading Symbol
TradingSymbol
SRDX
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.000 pure
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P4Y7M6D
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
485577 shares
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.70
dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.311 pure
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P1Y7M6D
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
252000 shares
us-gaap Net Cash Provided By Used In Continuing Operations
NetCashProvidedByUsedInContinuingOperations
24234000
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
12466000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.012 pure
dei Document Period End Date
DocumentPeriodEndDate
2014-06-30
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
-0.01
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 Segment
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--09-30
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
13891000 shares
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.71
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.72
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Period1
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1
P3Y
dei Entity Central Index Key
EntityCentralIndexKey
0000924717
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.350 pure
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
-0.01
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.445 pure
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
400000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
13639000 shares
us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
132648000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
4860000
us-gaap Gain Loss On Sale Of Debt Investments
GainLossOnSaleOfDebtInvestments
100000
us-gaap Gain Loss On Investments
GainLossOnInvestments
709000
us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
16632000
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-22000
us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
452000
us-gaap Litigation Settlement Amount
LitigationSettlementAmount
100000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
114000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-428000
us-gaap Payments For Restructuring
PaymentsForRestructuring
414000
us-gaap Operating Income Loss
OperatingIncomeLoss
13142000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
9665000
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
1028000
us-gaap Investment Income Nonoperating
InvestmentIncomeNonoperating
194000
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
14170000
us-gaap Discontinued Operation Income Loss From Discontinued Operation Before Income Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax
-117000
us-gaap Discontinued Operation Income Loss From Discontinued Operation During Phase Out Period Net Of Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax
-76000
us-gaap Royalty Revenue
RoyaltyRevenue
22179000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
12544000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
125000
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
9763000
us-gaap Gain On Sale Of Investments
GainOnSaleOfInvestments
835000
us-gaap Revenues
Revenues
42103000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1165000
us-gaap Net Income Loss
NetIncomeLoss
9687000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-156000
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
62000
us-gaap Available For Sale Securities Gross Realized Gains
AvailableForSaleSecuritiesGrossRealizedGains
126000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3043000
us-gaap Cash Provided By Used In Financing Activities Discontinued Operations
CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations
239000
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-98000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
2054000
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
11488000
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
11736000
us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
452000
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-560000
us-gaap Restructuring Charges
RestructuringCharges
0
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
11500000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
600000
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
24234000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
4407000
us-gaap Cost Of Goods Sold
CostOfGoodsSold
5737000
us-gaap Net Cash Provided By Used In Discontinued Operations
NetCashProvidedByUsedInDiscontinuedOperations
0
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-12858000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
348000
us-gaap Stock Option Plan Expense
StockOptionPlanExpense
600000
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
24626000
us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
-239000
us-gaap Costs And Expenses
CostsAndExpenses
28961000
us-gaap Available For Sale Securities Gross Realized Losses
AvailableForSaleSecuritiesGrossRealizedLosses
1000
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-919000
us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
157970000
us-gaap Proceeds From Sale Of Other Investments
ProceedsFromSaleOfOtherInvestments
708000
us-gaap Share Based Compensation
ShareBasedCompensation
3043000
us-gaap Discontinued Operation Tax Effect Of Discontinued Operation
DiscontinuedOperationTaxEffectOfDiscontinuedOperation
-41000
us-gaap License Costs
LicenseCosts
200000
us-gaap License Costs
LicenseCosts
273000
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
84000
srdx Effective Tax Rate Applied To Discontinued Operations
EffectiveTaxRateAppliedToDiscontinuedOperations
0.348 pure
srdx Credit Sale Recovery General Maximum Period
CreditSaleRecoveryGeneralMaximumPeriod
P45D
srdx Weighted Average Per Share Fair Value Of Stock Options
WeightedAveragePerShareFairValueOfStockOptions
8.72
srdx Performance Shares
PerformanceShares
700000
srdx Noncash Transactions Issuance Of Performance Shares Restricted And Deferred Stock Units
NoncashTransactionsIssuanceOfPerformanceSharesRestrictedAndDeferredStockUnits
3007000
srdx Noncash Transaction Acquisition Of Property Plant And Equipment On Account
NoncashTransactionAcquisitionOfPropertyPlantAndEquipmentOnAccount
224000
srdx Cash Received Paid From Transferred To Discontinued Operations
CashReceivedPaidFromTransferredToDiscontinuedOperations
-239000
srdx Indemnification Period
IndemnificationPeriod
P5Y
srdx Pretax Intrinsic Value Of Options Exercised
PretaxIntrinsicValueOfOptionsExercised
1300000
srdx Gain Loss On Contingent Consideration Payments
GainLossOnContingentConsiderationPayments
700000
srdx Discrete Tax Benefit
DiscreteTaxBenefit
300000
CY2013Q2 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.22
srdx Restricted Stock Expenses
RestrictedStockExpenses
200000
srdx License Agreement Commencement Date
LicenseAgreementCommencementDate
2006-03
srdx Research And Development Fees
ResearchAndDevelopmentFees
3292000
srdx Number Of Contingent Payments
NumberOfContingentPayments
2 Payment
srdx Credit Sale Recovery General Minimum Period
CreditSaleRecoveryGeneralMinimumPeriod
P30D
srdx Additional Shares Of Common Stock To Stockholders
AdditionalSharesOfCommonStockToStockholders
480059 shares
srdx Purchase Of Common Stock To Pay Employee Taxes
PurchaseOfCommonStockToPayEmployeeTaxes
1114000
CY2000Q3 srdx Maximum Limit
MaximumLimit
25000
CY2013 us-gaap Restructuring And Related Cost Number Of Positions Eliminated Period Percent
RestructuringAndRelatedCostNumberOfPositionsEliminatedPeriodPercent
0.06 pure
CY2013 srdx Pre Tax Restructuring Charges
PreTaxRestructuringCharges
500000
CY2013Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.21
CY2013Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.261 pure
CY2013Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
326000 shares
CY2013Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.22
CY2013Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.00
CY2013Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
14739000 shares
CY2013Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.22
CY2013Q2 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.350 pure
CY2013Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.00
CY2013Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
300000 shares
CY2013Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
14413000 shares
CY2013Q2 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
5577000
CY2013Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-159000
CY2013Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
4238000
CY2013Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
2972000
CY2013Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
62000
CY2013Q2 us-gaap Investment Income Nonoperating
InvestmentIncomeNonoperating
60000
CY2013Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
4300000
CY2013Q2 us-gaap Discontinued Operation Income Loss From Discontinued Operation Before Income Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax
136000
CY2013Q2 us-gaap Discontinued Operation Income Loss From Discontinued Operation During Phase Out Period Net Of Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax
-47000
CY2013Q2 us-gaap Royalty Revenue
RoyaltyRevenue
7827000
CY2013Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
2000
CY2013Q2 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
3178000
CY2013Q2 us-gaap Revenues
Revenues
14289000
CY2013Q2 us-gaap Net Income Loss
NetIncomeLoss
3131000
CY2013Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-158000
CY2013Q2 us-gaap Available For Sale Securities Gross Realized Gains
AvailableForSaleSecuritiesGrossRealizedGains
6000
CY2013Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
745000
CY2013Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
728000
CY2013Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
4009000
CY2013Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
4052000
CY2013Q2 us-gaap Restructuring Charges
RestructuringCharges
0
CY2013Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
200000
CY2013Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1122000
CY2013Q2 us-gaap Cost Of Goods Sold
CostOfGoodsSold
1990000
CY2013Q2 us-gaap Costs And Expenses
CostsAndExpenses
10051000
CY2013Q2 us-gaap Available For Sale Securities Gross Realized Losses
AvailableForSaleSecuritiesGrossRealizedLosses
4000
CY2013Q2 us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
8507000
CY2013Q2 us-gaap Discontinued Operation Tax Effect Of Discontinued Operation
DiscontinuedOperationTaxEffectOfDiscontinuedOperation
183000
CY2013Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
1000
CY2013Q2 srdx Effective Tax Rate Applied To Discontinued Operations
EffectiveTaxRateAppliedToDiscontinuedOperations
1.346 pure
CY2013Q2 srdx Weighted Average Per Share Fair Value Of Stock Options
WeightedAveragePerShareFairValueOfStockOptions
0.00
CY2013Q2 srdx Performance Shares
PerformanceShares
300000
CY2013Q2 srdx Discrete Tax Benefit
DiscreteTaxBenefit
200000
CY2013Q2 srdx Research And Development Fees
ResearchAndDevelopmentFees
885000
CY2013Q2 srdx Income Tax Expense From Discontinued Operations
IncomeTaxExpenseFromDiscontinuedOperations
183000
CY2014Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.26
CY2014Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.320 pure
CY2014Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
228000 shares
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.000 pure
CY2014Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P4Y9M18D
CY2014Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.27
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.016 pure
CY2014Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
-0.01
CY2014Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
13813000 shares
CY2014Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.26
CY2014Q2 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.27
CY2014Q2 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.350 pure
CY2014Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
-0.01
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.439 pure
CY2014Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
600000 shares
CY2014Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
13585000 shares
CY2014Q2 us-gaap Gain Loss On Investments
GainLossOnInvestments
28000
CY2014Q2 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
6067000
CY2014Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
46000
CY2014Q2 us-gaap Litigation Settlement Amount
LitigationSettlementAmount
100000
CY2014Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
5333000
CY2014Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
3644000
CY2014Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
70000
CY2014Q2 us-gaap Investment Income Nonoperating
InvestmentIncomeNonoperating
42000
CY2014Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
5403000
CY2014Q2 us-gaap Discontinued Operation Income Loss From Discontinued Operation Before Income Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax
-117000
CY2014Q2 us-gaap Discontinued Operation Income Loss From Discontinued Operation During Phase Out Period Net Of Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax
-76000
CY2014Q2 us-gaap Royalty Revenue
RoyaltyRevenue
7385000
CY2014Q2 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
3674000
CY2014Q2 us-gaap Revenues
Revenues
14616000
CY2014Q2 us-gaap Net Income Loss
NetIncomeLoss
3598000
CY2014Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
46000
CY2014Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
580000
CY2014Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
674000
CY2014Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
3655000
CY2014Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
3591000
CY2014Q2 us-gaap Restructuring Charges
RestructuringCharges
0
CY2014Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
200000
CY2014Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1729000
CY2014Q2 us-gaap Cost Of Goods Sold
CostOfGoodsSold
2037000
CY2014Q2 us-gaap Costs And Expenses
CostsAndExpenses
9283000
CY2014Q2 us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
65455000
CY2014Q2 us-gaap Discontinued Operation Tax Effect Of Discontinued Operation
DiscontinuedOperationTaxEffectOfDiscontinuedOperation
-41000
CY2014Q2 srdx Effective Tax Rate Applied To Discontinued Operations
EffectiveTaxRateAppliedToDiscontinuedOperations
0.348 pure
CY2014Q2 srdx Weighted Average Per Share Fair Value Of Stock Options
WeightedAveragePerShareFairValueOfStockOptions
8.69
CY2014Q2 srdx Performance Shares
PerformanceShares
200000
CY2014Q2 srdx Recognized Revenue
RecognizedRevenue
0
CY2014Q2 srdx Pretax Intrinsic Value Of Options Exercised
PretaxIntrinsicValueOfOptionsExercised
200000
CY2014Q2 srdx Discrete Tax Benefit
DiscreteTaxBenefit
100000
CY2014Q2 srdx Research And Development Fees
ResearchAndDevelopmentFees
1164000
CY2013Q3 srdx Reimbursement Of Legal Expenses
ReimbursementOfLegalExpenses
1000000

Files In Submission

Name View Source Status
0001193125-14-291489-index-headers.html Edgar Link pending
0001193125-14-291489-index.html Edgar Link pending
0001193125-14-291489.txt Edgar Link pending
0001193125-14-291489-xbrl.zip Edgar Link pending
d746878d10q.htm Edgar Link pending
d746878dex12.htm Edgar Link pending
d746878dex311.htm Edgar Link pending
d746878dex312.htm Edgar Link pending
d746878dex321.htm Edgar Link pending
d746878dex322.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
Financial_Report.xlsx Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R60.htm Edgar Link pending
R61.htm Edgar Link pending
R62.htm Edgar Link pending
R63.htm Edgar Link pending
R64.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
srdx-20140630.xml Edgar Link completed
srdx-20140630.xsd Edgar Link pending
srdx-20140630_cal.xml Edgar Link unprocessable
srdx-20140630_def.xml Edgar Link unprocessable
srdx-20140630_lab.xml Edgar Link unprocessable
srdx-20140630_pre.xml Edgar Link unprocessable