2018 Q3 Form 10-K Financial Statement

#000156459018030336 Filed on November 30, 2018

View on sec.gov

Income Statement

Concept 2018 Q3 2018 Q2 2018 Q1
Revenue $23.04M $22.23M $19.06M
YoY Change 14.86% 24.94% 8.88%
Cost Of Revenue $4.090M $4.104M $2.910M
YoY Change 23.19% 40.84% 13.67%
Gross Profit $18.95M $18.12M $16.15M
YoY Change 13.2% 21.83% 8.1%
Gross Profit Margin 82.26% 81.54% 84.74%
Selling, General & Admin $6.510M $5.980M $6.440M
YoY Change 22.6% 14.3% 26.77%
% of Gross Profit 34.35% 33.0% 39.88%
Research & Development $12.59M $9.778M $10.77M
YoY Change 29.66% 23.35% 31.18%
% of Gross Profit 66.44% 53.95% 66.69%
Depreciation & Amortization $1.720M $1.605M $1.586M
YoY Change 10.97% 14.23% 19.43%
% of Gross Profit 9.08% 8.86% 9.82%
Operating Expenses $21.39M $9.778M $6.440M
YoY Change 31.07% -25.69% -51.47%
Operating Profit -$2.441M -$6.250M $525.0K
YoY Change -688.19% -458.58% -68.69%
Interest Expense $410.0K $960.0K -$210.0K
YoY Change -286.36% -295.92% 75.0%
% of Operating Profit -40.0%
Other Income/Expense, Net $0.00 $955.0K -$211.0K
YoY Change -294.9%
Pretax Income -$2.030M -$5.295M $314.0K
YoY Change -1168.42% -522.59% -79.87%
Income Tax -$680.0K -$2.613M -$1.220M
% Of Pretax Income -388.54%
Net Earnings -$1.753M -$2.682M $1.534M
YoY Change -538.25% -472.5% 203.16%
Net Earnings / Revenue -7.61% -12.07% 8.05%
Basic Earnings Per Share -$0.13 -$0.20 $0.12
Diluted Earnings Per Share -$0.13 -$0.20 $0.11
COMMON SHARES
Basic Shares Outstanding 13.20M 13.10M
Diluted Shares Outstanding 13.20M 13.47M

Balance Sheet

Concept 2018 Q3 2018 Q2 2018 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $64.70M $62.00M $66.00M
YoY Change 33.95% 41.88% 42.55%
Cash & Equivalents $23.32M $27.62M $28.06M
Short-Term Investments $41.40M $34.80M $38.30M
Other Short-Term Assets $2.900M $3.500M $2.700M
YoY Change 141.67% 40.0% 80.0%
Inventory $4.016M $4.000M $4.000M
Prepaid Expenses
Receivables $8.877M $8.300M $7.200M
Other Receivables $1.100M $1.100M $1.400M
Total Short-Term Assets $81.53M $78.80M $81.30M
YoY Change 33.91% 36.64% 39.21%
LONG-TERM ASSETS
Property, Plant & Equipment $30.14M $27.98M $25.80M
YoY Change 31.39% 25.73% 25.24%
Goodwill $27.03M
YoY Change -0.92%
Intangibles $17.68M
YoY Change -14.0%
Long-Term Investments $4.000M
YoY Change
Other Assets $1.446M $7.600M $4.500M
YoY Change 61.2% 766.59% -13.46%
Total Long-Term Assets $82.61M $81.20M $82.00M
YoY Change 9.11% 9.4% 12.48%
TOTAL ASSETS
Total Short-Term Assets $81.53M $78.80M $81.30M
Total Long-Term Assets $82.61M $81.20M $82.00M
Total Assets $164.1M $160.0M $163.3M
YoY Change 20.16% 21.31% 24.37%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.546M $1.700M $2.000M
YoY Change 6.26% -11.27% -4.76%
Accrued Expenses $11.90M $7.900M $7.900M
YoY Change 112.5% 79.55% 119.44%
Deferred Revenue $9.646M
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $35.13M $31.60M $34.20M
YoY Change 258.39% 321.33% 410.45%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $5.720M $19.70M $15.70M
YoY Change 195.15% 31.33% 3.97%
Total Long-Term Liabilities $5.720M $19.70M $15.70M
YoY Change 195.15% 31.33% 3.97%
TOTAL LIABILITIES
Total Short-Term Liabilities $35.13M $31.60M $34.20M
Total Long-Term Liabilities $5.720M $19.70M $15.70M
Total Liabilities $55.53M $51.20M $50.00M
YoY Change 121.78% 127.56% 128.31%
SHAREHOLDERS EQUITY
Retained Earnings $97.62M
YoY Change -4.37%
Common Stock $8.277M
YoY Change 36.4%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $108.6M $108.7M $113.4M
YoY Change
Total Liabilities & Shareholders Equity $164.1M $160.0M $163.3M
YoY Change 20.16% 21.3% 24.37%

Cashflow Statement

Concept 2018 Q3 2018 Q2 2018 Q1
OPERATING ACTIVITIES
Net Income -$1.753M -$2.682M $1.534M
YoY Change -538.25% -472.5% 203.16%
Depreciation, Depletion And Amortization $1.720M $1.605M $1.586M
YoY Change 10.97% 14.23% 19.43%
Cash From Operating Activities $4.830M $1.790M $26.82M
YoY Change -24.41% -47.35% 1061.04%
INVESTING ACTIVITIES
Capital Expenditures -$2.670M -$7.400M -$2.720M
YoY Change 72.26% 268.16% 106.06%
Acquisitions
YoY Change
Other Investing Activities -$6.590M $7.520M -$17.38M
YoY Change -1198.33% 187.02% 131.42%
Cash From Investing Activities -$9.270M $130.0K -$20.10M
YoY Change 886.17% -78.33% 127.63%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 500.0K -2.210M -700.0K
YoY Change -208.7% -44.89% -736.36%
NET CHANGE
Cash From Operating Activities 4.830M 1.790M 26.82M
Cash From Investing Activities -9.270M 130.0K -20.10M
Cash From Financing Activities 500.0K -2.210M -700.0K
Net Change In Cash -3.940M -290.0K 6.020M
YoY Change -178.96% 2800.0% -193.92%
FREE CASH FLOW
Cash From Operating Activities $4.830M $1.790M $26.82M
Capital Expenditures -$2.670M -$7.400M -$2.720M
Free Cash Flow $7.500M $9.190M $29.54M
YoY Change -5.54% 69.87% 713.77%

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<p style="margin-top:18pt;margin-bottom:0pt;margin-left:2.27%;text-indent:0%;font-weight:bold;font-style:italic;font-family:Calibri;font-size:10pt;text-transform:none;font-variant: normal;">Deferred Revenue</p> <p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;text-indent:4.54%;font-family:Calibri;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Amounts received prior to satisfying the above revenue recognition criteria are recorded as deferred revenue in the accompanying consolidated balance sheets, with deferred revenue to be recognized beyond one year being classified as non-current deferred revenue. The Company had deferred revenue of $20.9 million and $0.3 million as of September 30, 2018 and 2017, respectively recorded in current and long-term deferred revenue on the consolidated balance sheets.</p>
CY2018 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-4457000
CY2017 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
3926000
CY2016 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
9985000
CY2018 us-gaap Use Of Estimates
UseOfEstimates
<p style="margin-top:18pt;margin-bottom:0pt;margin-left:2.27%;text-indent:0%;font-weight:bold;font-style:italic;font-family:Calibri;font-size:10pt;text-transform:none;font-variant: normal;">Use of Estimates</p> <p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;text-indent:4.54%;font-family:Calibri;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenue and expenses during the reporting period. Ultimate results could differ from those estimates.</p>
CY2017 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2016 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2017 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
236000
CY2017 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
200000
CY2018Q3 srdx Goodwill Subject To Revaluation Due To Fluctuations In Exchange Rates
GoodwillSubjectToRevaluationDueToFluctuationsInExchangeRates
13400000
CY2018Q3 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
14500000
CY2016Q3 us-gaap Goodwill
Goodwill
26555000
CY2017 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
727000
CY2018 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2700000
CY2017 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2600000
CY2018 us-gaap Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net Availableforsale Securities
OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNetAvailableforsaleSecurities
0
CY2017 us-gaap Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net Availableforsale Securities
OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNetAvailableforsaleSecurities
0
CY2016 us-gaap Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net Availableforsale Securities
OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNetAvailableforsaleSecurities
0
CY2018Q3 us-gaap Available For Sale Securities Amortized Cost
AvailableForSaleSecuritiesAmortizedCost
41403000
CY2018Q3 us-gaap Available For Sale Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
51000
CY2018Q3 us-gaap Available For Sale Securities
AvailableForSaleSecurities
41352000
CY2017Q3 us-gaap Available For Sale Securities Amortized Cost
AvailableForSaleSecuritiesAmortizedCost
31817000
CY2017Q3 us-gaap Available For Sale Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
15000
CY2017Q3 us-gaap Available For Sale Securities
AvailableForSaleSecurities
31802000
CY2018Q3 us-gaap Held To Maturity Securities
HeldToMaturitySecurities
0
CY2017Q3 us-gaap Held To Maturity Securities
HeldToMaturitySecurities
0
CY2018 us-gaap Available For Sale Securities Gross Realized Gain Loss Net
AvailableForSaleSecuritiesGrossRealizedGainLossNet
0
CY2017 us-gaap Available For Sale Securities Gross Realized Gain Loss Net
AvailableForSaleSecuritiesGrossRealizedGainLossNet
0
CY2016 us-gaap Available For Sale Securities Gross Realized Gain Loss Net
AvailableForSaleSecuritiesGrossRealizedGainLossNet
0
CY2018Q3 us-gaap Inventory Raw Materials
InventoryRawMaterials
1890000
CY2017Q3 us-gaap Inventory Raw Materials
InventoryRawMaterials
1603000
CY2018Q3 us-gaap Inventory Work In Process
InventoryWorkInProcess
780000
CY2017Q3 us-gaap Inventory Work In Process
InventoryWorkInProcess
659000
CY2018Q3 us-gaap Inventory Finished Goods
InventoryFinishedGoods
1346000
CY2017Q3 us-gaap Inventory Finished Goods
InventoryFinishedGoods
1254000
CY2018 us-gaap Depreciation
Depreciation
3700000
CY2017 us-gaap Depreciation
Depreciation
3000000
CY2016 us-gaap Depreciation
Depreciation
2300000
CY2018Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
33512000
CY2017Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
29927000
CY2017Q3 srdx Accrued Clinical Study Expense Current
AccruedClinicalStudyExpenseCurrent
411000
CY2018Q3 srdx Accrued Purchases Current
AccruedPurchasesCurrent
533000
CY2017Q3 srdx Accrued Purchases Current
AccruedPurchasesCurrent
596000
CY2018Q3 srdx Customer Claim Current
CustomerClaimCurrent
1000000
CY2018Q3 us-gaap Construction Payable Current
ConstructionPayableCurrent
1199000
CY2018 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-250000
CY2018 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0
CY2017 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0
CY2016 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0
CY2018Q3 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
311000
CY2017Q3 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
501000
CY2018Q3 srdx Accrued Clinical Study Expense Current
AccruedClinicalStudyExpenseCurrent
2839000
CY2018 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Net
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersNet
0
CY2017 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Net
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersNet
0
CY2018 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Transfers Net
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityTransfersNet
0
CY2017 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Transfers Net
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityTransfersNet
0
CY2017 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
196190
CY2017 srdx Stock Repurchased During Period Average Price
StockRepurchasedDuringPeriodAveragePrice
23.97
CY2018Q3 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
25300000
CY2018 srdx Allocated Share Based Compensation Expense Benefit
AllocatedShareBasedCompensationExpenseBenefit
4807000
CY2017 srdx Allocated Share Based Compensation Expense Benefit
AllocatedShareBasedCompensationExpenseBenefit
3472000
CY2016 srdx Allocated Share Based Compensation Expense Benefit
AllocatedShareBasedCompensationExpenseBenefit
3844000
CY2018Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
5700000
CY2018 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y1M6D
CY2018Q3 srdx Performance Share Awards Fully Expensed
PerformanceShareAwardsFullyExpensed
600000
CY2015Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1118008
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Period1
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1
P3Y
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Period1
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1
P3Y
CY2018 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
-890000
CY2017 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
2125000
CY2016 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
6550000
CY2018 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
51000
CY2017 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
-72000
CY2016 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
250000
CY2018 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
41000
CY2017 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
54000
CY2016 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
-98000
CY2018 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
-798000
CY2017 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
2107000
CY2016 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
6702000
CY2018 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-2006000
CY2017 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
1085000
CY2016 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
169000
CY2018 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-271000
CY2016 srdx Income Tax Reconciliation Contingent Consideration Gain Expense
IncomeTaxReconciliationContingentConsiderationGainExpense
522000
CY2017 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-85000
CY2016 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-43000
CY2016 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
135000
CY2018 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.245
CY2017 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
CY2016 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
CY2017Q4 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
srdx Tax Cuts And Jobs Act Change In Tax Rate Deferred Tax Asset Income Tax Expense
TaxCutsAndJobsActChangeInTaxRateDeferredTaxAssetIncomeTaxExpense
1600000
CY2018 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-1845000
CY2017 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
2461000
CY2016 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
5932000
CY2018 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-724000
CY2017 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-13000
CY2016 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
142000
CY2018 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
-2063000
CY2018 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
960000
CY2017 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
665000
CY2016 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
-2500000
CY2018 us-gaap Income Tax Reconciliation Tax Contingencies
IncomeTaxReconciliationTaxContingencies
158000
CY2017 us-gaap Income Tax Reconciliation Tax Contingencies
IncomeTaxReconciliationTaxContingencies
-52000
CY2016 us-gaap Income Tax Reconciliation Tax Contingencies
IncomeTaxReconciliationTaxContingencies
258000
CY2017 us-gaap Income Tax Reconciliation Deductions Qualified Production Activities
IncomeTaxReconciliationDeductionsQualifiedProductionActivities
313000
CY2016 us-gaap Income Tax Reconciliation Deductions Qualified Production Activities
IncomeTaxReconciliationDeductionsQualifiedProductionActivities
280000
CY2018 us-gaap Income Tax Reconciliation Tax Credits Research
IncomeTaxReconciliationTaxCreditsResearch
1710000
CY2017 us-gaap Income Tax Reconciliation Tax Credits Research
IncomeTaxReconciliationTaxCreditsResearch
706000
CY2016 us-gaap Income Tax Reconciliation Tax Credits Research
IncomeTaxReconciliationTaxCreditsResearch
571000
CY2016 srdx Income Tax Reconciliation Gain On Strategic Investment And Corporate Subsidiary
IncomeTaxReconciliationGainOnStrategicInvestmentAndCorporateSubsidiary
2630000
CY2018 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
371000
CY2017 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
948000
CY2016 srdx Income Tax Reconciliation Acquisition Related Transaction Costs
IncomeTaxReconciliationAcquisitionRelatedTransactionCosts
768000
CY2018 srdx Income Tax Reconciliation Contingent Consideration Gain Expense
IncomeTaxReconciliationContingentConsiderationGainExpense
165000
CY2017 srdx Income Tax Reconciliation Contingent Consideration Gain Expense
IncomeTaxReconciliationContingentConsiderationGainExpense
-45000
CY2018 srdx Income Tax Reconciliation Unrealized Foreign Currency Exchange Loss Gain On Contingent Consideration Obligation
IncomeTaxReconciliationUnrealizedForeignCurrencyExchangeLossGainOnContingentConsiderationObligation
-23000
CY2017 srdx Income Tax Reconciliation Unrealized Foreign Currency Exchange Loss Gain On Contingent Consideration Obligation
IncomeTaxReconciliationUnrealizedForeignCurrencyExchangeLossGainOnContingentConsiderationObligation
170000
CY2018 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
1582000
CY2018 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
54000
CY2017 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-338000
CY2016 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
47000
CY2018 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
2000000
CY2017 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
-200000
CY2016 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
600000
CY2018Q3 srdx Deferred Tax Assets Liabilities Property Plant And Equipment
DeferredTaxAssetsLiabilitiesPropertyPlantAndEquipment
-1019000
CY2017Q3 srdx Deferred Tax Assets Liabilities Property Plant And Equipment
DeferredTaxAssetsLiabilitiesPropertyPlantAndEquipment
-3335000
CY2017Q3 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccruals
1123000
CY2017Q3 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
3370000
CY2017Q3 srdx Deferred Tax Assets Impaired Investment
DeferredTaxAssetsImpairedInvestment
2701000
CY2018Q3 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
4637000
CY2017Q3 us-gaap Deferred Tax Assets In Process Research And Development
DeferredTaxAssetsInProcessResearchAndDevelopment
242000
CY2017Q3 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
810000
CY2017Q3 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
4511000
CY2018 srdx Operating Loss Carryforwards Remaining Period
OperatingLossCarryforwardsRemainingPeriod
P9Y
CY2017Q3 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
1481000
CY2016Q3 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
1508000
CY2015Q3 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
1248000
CY2018 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
61000
CY2017 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
8000
CY2016 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
77000
CY2017 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
35000
CY2016 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
21000
CY2018 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
735000
CY2017 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
216000
CY2016 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
365000
CY2018 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
613000
CY2018 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
105000
CY2017 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
216000
CY2016 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
161000
CY2018Q3 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
1559000
CY2018Q3 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
1400000
CY2017Q3 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
1200000
CY2016Q3 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
1200000
CY2018Q3 us-gaap Significant Change In Unrecognized Tax Benefits Is Reasonably Possible Amount Of Unrecorded Benefit
SignificantChangeInUnrecognizedTaxBenefitsIsReasonablyPossibleAmountOfUnrecordedBenefit
400000
CY2017Q3 us-gaap Significant Change In Unrecognized Tax Benefits Is Reasonably Possible Amount Of Unrecorded Benefit
SignificantChangeInUnrecognizedTaxBenefitsIsReasonablyPossibleAmountOfUnrecordedBenefit
500000
CY2016Q3 us-gaap Significant Change In Unrecognized Tax Benefits Is Reasonably Possible Amount Of Unrecorded Benefit
SignificantChangeInUnrecognizedTaxBenefitsIsReasonablyPossibleAmountOfUnrecordedBenefit
600000
CY2018Q3 us-gaap Undistributed Earnings Of Foreign Subsidiaries
UndistributedEarningsOfForeignSubsidiaries
0
CY2017Q3 us-gaap Undistributed Earnings Of Foreign Subsidiaries
UndistributedEarningsOfForeignSubsidiaries
0
CY2018 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
700000
CY2017 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
700000
CY2016 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
300000
CY2018 srdx Additional Shares Of Common Stock To Stockholders
AdditionalSharesOfCommonStockToStockholders
480059
CY2018 srdx License Agreement Commencement Date
LicenseAgreementCommencementDate
2006-03
CY2018Q3 us-gaap Foreign Currency Exchange Rate Translation1
ForeignCurrencyExchangeRateTranslation1
1.1602
CY2018Q3 srdx Annual License Maintenance Fee Payable
AnnualLicenseMaintenanceFeePayable
2100000
CY2018 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
500000
CY2017 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
100000
CY2016 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
100000
CY2018Q3 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
443000
CY2018Q3 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
452000
CY2018Q3 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
396000
CY2018Q3 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
391000
CY2018Q3 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
399000
CY2018Q3 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
1933000
CY2018Q3 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
4014000
CY2018 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2
CY2018 srdx Number Of Sources Of Revenues
NumberOfSourcesOfRevenues
2
CY2017Q4 us-gaap Revenues
Revenues
17013000
CY2018Q1 us-gaap Revenues
Revenues
19058000
CY2018Q2 us-gaap Revenues
Revenues
22227000
CY2018Q3 us-gaap Revenues
Revenues
23038000
CY2017Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
-633000
CY2018Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
525000
CY2018Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-6250000
CY2018Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-2441000
CY2017Q4 us-gaap Net Income Loss
NetIncomeLoss
-1556000
CY2018Q1 us-gaap Net Income Loss
NetIncomeLoss
1534000
CY2018Q2 us-gaap Net Income Loss
NetIncomeLoss
-2682000
CY2018Q3 us-gaap Net Income Loss
NetIncomeLoss
-1753000
CY2018Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.12
CY2018Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.20
CY2018Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.13
CY2017Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.12
CY2018Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.11
CY2018Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.20
CY2018Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.13
CY2016Q4 us-gaap Revenues
Revenues
17761000
CY2017Q1 us-gaap Revenues
Revenues
17503000
CY2017Q2 us-gaap Revenues
Revenues
17790000
CY2017Q3 us-gaap Revenues
Revenues
20058000
CY2017Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
415000
CY2016Q4 us-gaap Net Income Loss
NetIncomeLoss
2300000
CY2017Q1 us-gaap Net Income Loss
NetIncomeLoss
506000
CY2017Q2 us-gaap Net Income Loss
NetIncomeLoss
720000
CY2017Q3 us-gaap Net Income Loss
NetIncomeLoss
400000
CY2016Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.17
CY2017Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.04
CY2017Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.05
CY2017Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.03
CY2016Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.17
CY2017Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.04
CY2017Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.05
CY2017Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.03
CY2017Q4 srdx Tax Cuts And Jobs Act Change In Tax Rate Deferred Tax Asset Income Tax Expense
TaxCutsAndJobsActChangeInTaxRateDeferredTaxAssetIncomeTaxExpense
1200000

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