$STAA
STAAR SURGICAL CO

2013 Q3 Form 10-Q Financial Statement

#000114420413058167 Filed on November 01, 2013

View on sec.gov

Income Statement

Concept 2013 Q3 2012 Q3
Revenue $18.16M $15.87M
YoY Change 14.48% -2.48%
Cost Of Revenue $5.047M $4.690M
YoY Change 7.61% -13.31%
Gross Profit $12.62M $11.18M
YoY Change 12.92% 2.91%
Gross Profit Margin 69.48% 70.44%
Selling, General & Admin $9.667M $9.690M
YoY Change -0.24% 16.75%
% of Gross Profit 76.6% 86.7%
Research & Development $1.684M $1.580M
YoY Change 6.58% 13.67%
% of Gross Profit 13.34% 14.14%
Depreciation & Amortization $590.0K $540.0K
YoY Change 9.26% 12.5%
% of Gross Profit 4.68% 4.83%
Operating Expenses $11.35M $11.27M
YoY Change 0.72% 16.31%
Operating Profit $173.0K -$91.00K
YoY Change -290.11% -107.78%
Interest Expense $38.00K $65.00K
YoY Change -41.54% -181.25%
% of Operating Profit 21.97%
Other Income/Expense, Net $327.0K $220.0K
YoY Change 48.64% -8.33%
Pretax Income $500.0K $129.0K
YoY Change 287.6% -90.3%
Income Tax -$25.00K $219.0K
% Of Pretax Income -5.0% 169.77%
Net Earnings $278.0K -$90.00K
YoY Change -408.89% -110.47%
Net Earnings / Revenue 1.53% -0.57%
Basic Earnings Per Share $0.01 $0.00
Diluted Earnings Per Share $0.01 $0.00
COMMON SHARES
Basic Shares Outstanding 36.75M shares 36.29M shares
Diluted Shares Outstanding 39.28M shares 36.29M shares

Balance Sheet

Concept 2013 Q3 2012 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $23.40M $19.80M
YoY Change 18.18% 52.31%
Cash & Equivalents $23.35M $19.75M
Short-Term Investments
Other Short-Term Assets $418.0K $1.800M
YoY Change -76.78% -5.26%
Inventory $11.90M $11.80M
Prepaid Expenses
Receivables $9.500M $8.100M
Other Receivables $400.0K $0.00
Total Short-Term Assets $47.88M $41.50M
YoY Change 15.38% 26.52%
LONG-TERM ASSETS
Property, Plant & Equipment $6.512M $4.700M
YoY Change 38.55% 38.24%
Goodwill $1.786M
YoY Change
Intangibles $1.567M
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.056M $1.400M
YoY Change -24.57% 0.0%
Total Long-Term Assets $11.65M $10.30M
YoY Change 13.14% 5.1%
TOTAL ASSETS
Total Short-Term Assets $47.88M $41.50M
Total Long-Term Assets $11.65M $10.30M
Total Assets $59.54M $51.80M
YoY Change 14.94% 21.6%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.536M $3.800M
YoY Change 19.37% 8.57%
Accrued Expenses $4.600M $3.300M
YoY Change 39.39% -13.16%
Deferred Revenue
YoY Change
Short-Term Debt $5.100M $2.600M
YoY Change 96.15% 4.0%
Long-Term Debt Due $400.0K $900.0K
YoY Change -55.56% 125.0%
Total Short-Term Liabilities $16.47M $14.20M
YoY Change 15.99% 14.52%
LONG-TERM LIABILITIES
Long-Term Debt $200.0K $500.0K
YoY Change -60.0% -61.54%
Other Long-Term Liabilities $3.300M $3.700M
YoY Change -10.81% 32.14%
Total Long-Term Liabilities $3.500M $4.200M
YoY Change -16.67% 2.44%
TOTAL LIABILITIES
Total Short-Term Liabilities $16.47M $14.20M
Total Long-Term Liabilities $3.500M $4.200M
Total Liabilities $21.72M $19.20M
YoY Change 13.1% 12.28%
SHAREHOLDERS EQUITY
Retained Earnings -$131.2M
YoY Change
Common Stock $168.4M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $37.82M $32.60M
YoY Change
Total Liabilities & Shareholders Equity $59.54M $51.80M
YoY Change 14.94% 21.6%

Cashflow Statement

Concept 2013 Q3 2012 Q3
OPERATING ACTIVITIES
Net Income $278.0K -$90.00K
YoY Change -408.89% -110.47%
Depreciation, Depletion And Amortization $590.0K $540.0K
YoY Change 9.26% 12.5%
Cash From Operating Activities $3.070M $2.480M
YoY Change 23.79% 5.08%
INVESTING ACTIVITIES
Capital Expenditures -$960.0K -$330.0K
YoY Change 190.91% 94.12%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00
YoY Change
Cash From Investing Activities -$960.0K -$330.0K
YoY Change 190.91% 106.25%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.580M -30.00K
YoY Change -5366.67% -105.88%
NET CHANGE
Cash From Operating Activities 3.070M 2.480M
Cash From Investing Activities -960.0K -330.0K
Cash From Financing Activities 1.580M -30.00K
Net Change In Cash 3.690M 2.120M
YoY Change 74.06% -21.77%
FREE CASH FLOW
Cash From Operating Activities $3.070M $2.480M
Capital Expenditures -$960.0K -$330.0K
Free Cash Flow $4.030M $2.810M
YoY Change 43.42% 11.07%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2012Q4 us-gaap Deferred Tax Assets Liabilities Net Current
DeferredTaxAssetsLiabilitiesNetCurrent
0 USD
CY2013Q3 us-gaap Deferred Tax Assets Liabilities Net Current
DeferredTaxAssetsLiabilitiesNetCurrent
483000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
4736000 USD
CY2013Q3 us-gaap Defined Benefit Pension Plan Liabilities Noncurrent
DefinedBenefitPensionPlanLiabilitiesNoncurrent
2971000 USD
CY2012Q4 us-gaap Defined Benefit Pension Plan Liabilities Noncurrent
DefinedBenefitPensionPlanLiabilitiesNoncurrent
2988000 USD
us-gaap Sales Revenue Net
SalesRevenueNet
47316000 USD
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
15939000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
10942000 USD
CY2013Q3 us-gaap Assets Current
AssetsCurrent
47884000 USD
CY2013Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
6512000 USD
CY2013Q3 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
1567000 USD
CY2013Q3 us-gaap Goodwill
Goodwill
1786000 USD
CY2013Q3 us-gaap Deferred Tax Assets Net Noncurrent
DeferredTaxAssetsNetNoncurrent
732000 USD
CY2013Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
1056000 USD
CY2013Q3 us-gaap Assets
Assets
59537000 USD
CY2013Q3 us-gaap Lines Of Credit Current
LinesOfCreditCurrent
5050000 USD
CY2013Q3 us-gaap Accounts Payable Current
AccountsPayableCurrent
4536000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
4640000 USD
CY2012Q4 us-gaap Assets Current
AssetsCurrent
44074000 USD
CY2012Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
5439000 USD
CY2012Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
2142000 USD
CY2012Q4 us-gaap Goodwill
Goodwill
1786000 USD
CY2012Q4 us-gaap Lines Of Credit Current
LinesOfCreditCurrent
5850000 USD
CY2012Q4 us-gaap Assets
Assets
54759000 USD
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
9000 USD
CY2013Q3 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
130000 USD
CY2012Q3 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
87000 USD
CY2013Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
327000 USD
CY2012Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
220000 USD
us-gaap Depreciation
Depreciation
1325000 USD
CY2013Q3 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
6052000 USD
CY2013Q3 us-gaap Liabilities Current
LiabilitiesCurrent
16470000 USD
CY2013Q3 us-gaap Capital Lease Obligations Noncurrent
CapitalLeaseObligationsNoncurrent
211000 USD
CY2013Q3 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
1690000 USD
CY2013Q3 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
374000 USD
CY2013Q3 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2013Q3 us-gaap Common Stock Value
CommonStockValue
370000 USD
CY2013Q3 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
168056000 USD
CY2013Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
574000 USD
CY2013Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-131179000 USD
CY2013Q3 us-gaap Stockholders Equity
StockholdersEquity
37821000 USD
CY2013Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
59537000 USD
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
16471000 USD
CY2012Q4 us-gaap Deferred Tax Assets Net Noncurrent
DeferredTaxAssetsNetNoncurrent
187000 USD
CY2012Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
1131000 USD
CY2012Q4 us-gaap Stockholders Equity
StockholdersEquity
31742000 USD
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-38000 USD
CY2013Q3 us-gaap Liabilities
Liabilities
21716000 USD
CY2012Q4 us-gaap Liabilities
Liabilities
23017000 USD
CY2012Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2012Q4 us-gaap Common Stock Value
CommonStockValue
364000 USD
CY2012Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
162251000 USD
CY2013Q3 us-gaap Other General Expense
OtherGeneralExpense
490000 USD
CY2012Q3 us-gaap Other General Expense
OtherGeneralExpense
728000 USD
us-gaap Other General Expense
OtherGeneralExpense
2004000 USD
us-gaap Other General Expense
OtherGeneralExpense
1980000 USD
CY2013Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
173000 USD
CY2012Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-91000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
1951000 USD
CY2012Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
1580000 USD
CY2012Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-132453000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
24000 USD
CY2013Q3 us-gaap Investment Income Interest
InvestmentIncomeInterest
9000 USD
CY2012Q3 us-gaap Investment Income Interest
InvestmentIncomeInterest
7000 USD
us-gaap Investment Income Interest
InvestmentIncomeInterest
23000 USD
us-gaap Investment Income Interest
InvestmentIncomeInterest
14000 USD
CY2013Q3 us-gaap Interest Expense
InterestExpense
38000 USD
CY2012Q3 us-gaap Interest Expense
InterestExpense
65000 USD
us-gaap Interest Expense
InterestExpense
134000 USD
us-gaap Interest Expense
InterestExpense
227000 USD
CY2013Q3 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
226000 USD
CY2012Q3 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
191000 USD
CY2012Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
5129000 USD
CY2013Q3 us-gaap Deferred Tax Liabilities Current
DeferredTaxLiabilitiesCurrent
439000 USD
CY2012Q4 us-gaap Deferred Tax Liabilities Current
DeferredTaxLiabilitiesCurrent
439000 USD
CY2013Q3 us-gaap Capital Lease Obligations Current
CapitalLeaseObligationsCurrent
393000 USD
CY2012Q4 us-gaap Capital Lease Obligations Current
CapitalLeaseObligationsCurrent
829000 USD
CY2012Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
5702000 USD
CY2012Q4 us-gaap Liabilities Current
LiabilitiesCurrent
17949000 USD
CY2012Q4 us-gaap Capital Lease Obligations Noncurrent
CapitalLeaseObligationsNoncurrent
488000 USD
CY2012Q4 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
885000 USD
CY2012Q4 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
707000 USD
CY2012Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
54759000 USD
us-gaap Sales Revenue Net
SalesRevenueNet
53271000 USD
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
14194000 USD
us-gaap Gross Profit
GrossProfit
37332000 USD
us-gaap Gross Profit
GrossProfit
33122000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
12021000 USD
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
15536000 USD
CY2013Q3 staa Medical Device Tax
MedicalDeviceTax
45000 USD
CY2012Q3 staa Medical Device Tax
MedicalDeviceTax
0 USD
staa Medical Device Tax
MedicalDeviceTax
149000 USD
staa Medical Device Tax
MedicalDeviceTax
0 USD
us-gaap Other Nonoperating Income
OtherNonoperatingIncome
360000 USD
us-gaap Other Nonoperating Income
OtherNonoperatingIncome
610000 USD
CY2012Q3 us-gaap Weighted Average Number Of Shares Common Stock Subject To Repurchase Or Cancellation
WeightedAverageNumberOfSharesCommonStockSubjectToRepurchaseOrCancellation
36495000 shares
CY2013Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1001000 shares
CY2013Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
11702000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
211000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
406000 USD
CY2013Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
500000 USD
CY2012Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
129000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
2162000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
430000 USD
CY2013Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-25000 USD
CY2012Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
219000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
888000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
779000 USD
CY2013Q3 us-gaap Net Income Loss
NetIncomeLoss
525000 USD
CY2012Q3 us-gaap Net Income Loss
NetIncomeLoss
-90000 USD
us-gaap Net Income Loss
NetIncomeLoss
1274000 USD
us-gaap Net Income Loss
NetIncomeLoss
-349000 USD
CY2013Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.01
CY2012Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.00
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.03
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.01
CY2013Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.01
CY2012Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.00
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.03
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.01
CY2013Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
36750000 shares
CY2012Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
36292000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
36552000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
36206000 shares
CY2013Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
39284000 shares
CY2012Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
36292000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
38482000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
36206000 shares
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-986000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
15000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
21000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
36000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-1007000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-21000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
267000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-370000 USD
us-gaap Depreciation
Depreciation
989000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
334000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
525000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-220000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
114000 USD
us-gaap Adjustment Of Warrants Granted For Services
AdjustmentOfWarrantsGrantedForServices
-27000 USD
us-gaap Adjustment Of Warrants Granted For Services
AdjustmentOfWarrantsGrantedForServices
-217000 USD
us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
-172000 USD
us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
-47000 USD
us-gaap Increase Decrease In Pension Plan Obligations
IncreaseDecreaseInPensionPlanObligations
124000 USD
us-gaap Increase Decrease In Pension Plan Obligations
IncreaseDecreaseInPensionPlanObligations
187000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
2924000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
2317000 USD
us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
9000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1032000 USD
CY2011Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
16582000 USD
CY2012Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
19753000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-2984000 USD
us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
0 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-157000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-40000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
1423000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-910000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
707000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
734000 USD
staa Increase Decrease In Prepaid Expenses Deposits And Other Assets Current
IncreaseDecreaseInPrepaidExpensesDepositsAndOtherAssetsCurrent
614000 USD
staa Increase Decrease In Prepaid Expenses Deposits And Other Assets Current
IncreaseDecreaseInPrepaidExpensesDepositsAndOtherAssetsCurrent
-85000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-389000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-444000 USD
us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
489000 USD
us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
236000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
3428000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
3706000 USD
us-gaap Increase Decrease In Restricted Cash And Investments
IncreaseDecreaseInRestrictedCashAndInvestments
0 USD
us-gaap Increase Decrease In Restricted Cash And Investments
IncreaseDecreaseInRestrictedCashAndInvestments
-129000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2984000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1161000 USD
us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
675000 USD
us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
619000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
2723000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
1102000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
2048000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
483000 USD
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-816000 USD
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
14000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
1676000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
3171000 USD
CY2013Q3 us-gaap Value Added Tax Receivable Current
ValueAddedTaxReceivableCurrent
402000 USD
CY2013Q3 us-gaap Inventory Raw Materials
InventoryRawMaterials
1647000 USD
CY2012Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
1946000 USD
CY2013Q3 us-gaap Inventory Work In Process
InventoryWorkInProcess
2999000 USD
CY2012Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
1318000 USD
CY2013Q3 us-gaap Inventory Finished Goods
InventoryFinishedGoods
7968000 USD
CY2012Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
8945000 USD
CY2013Q3 us-gaap Inventory Gross
InventoryGross
12614000 USD
CY2012Q4 us-gaap Inventory Gross
InventoryGross
12209000 USD
CY2013Q3 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
734000 USD
CY2012Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
536000 USD
CY2013Q3 staa Prepaids And Deposits
PrepaidsAndDeposits
1522000 USD
CY2012Q4 staa Prepaids And Deposits
PrepaidsAndDeposits
1044000 USD
CY2013Q3 us-gaap Prepaid Insurance
PrepaidInsurance
361000 USD
CY2012Q4 us-gaap Prepaid Insurance
PrepaidInsurance
628000 USD
CY2012Q4 us-gaap Value Added Tax Receivable Current
ValueAddedTaxReceivableCurrent
307000 USD
CY2013Q3 us-gaap Other Assets Current
OtherAssetsCurrent
418000 USD
CY2012Q4 us-gaap Other Assets Current
OtherAssetsCurrent
204000 USD
CY2013Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
25794000 USD
CY2012Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
23498000 USD
CY2013Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
19282000 USD
CY2012Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
18059000 USD
CY2013Q3 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
15825000 USD
CY2012Q4 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
14734000 USD
CY2013Q3 us-gaap Furniture And Fixtures Gross
FurnitureAndFixturesGross
3384000 USD
CY2012Q4 us-gaap Furniture And Fixtures Gross
FurnitureAndFixturesGross
3483000 USD
CY2013Q3 us-gaap Leasehold Improvements Gross
LeaseholdImprovementsGross
6585000 USD
CY2012Q4 us-gaap Leasehold Improvements Gross
LeaseholdImprovementsGross
5281000 USD
CY2012Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
11645000 USD
CY2012Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
13787000 USD
CY2013Q3 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
1962000 USD
CY2012Q4 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
1950000 USD
CY2013Q3 us-gaap Accrued Bonuses Current
AccruedBonusesCurrent
985000 USD
CY2012Q4 us-gaap Accrued Bonuses Current
AccruedBonusesCurrent
500000 USD
CY2013Q3 us-gaap Other Employee Related Liabilities Current And Noncurrent
OtherEmployeeRelatedLiabilitiesCurrentAndNoncurrent
776000 USD
CY2012Q4 us-gaap Other Employee Related Liabilities Current And Noncurrent
OtherEmployeeRelatedLiabilitiesCurrentAndNoncurrent
499000 USD
CY2013Q3 us-gaap Customer Advances And Deposits Current
CustomerAdvancesAndDepositsCurrent
190000 USD
CY2012Q4 us-gaap Customer Advances And Deposits Current
CustomerAdvancesAndDepositsCurrent
324000 USD
CY2013Q3 us-gaap Accrued Insurance Current
AccruedInsuranceCurrent
196000 USD
CY2012Q4 us-gaap Accrued Insurance Current
AccruedInsuranceCurrent
515000 USD
CY2013Q3 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
384000 USD
CY2012Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
396000 USD
CY2013Q3 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
411000 USD
CY2012Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
451000 USD
CY2013Q3 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
805000 USD
CY2012Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
948000 USD
CY2013Q3 staa Accrued Tax Preparation Fees
AccruedTaxPreparationFees
343000 USD
CY2012Q4 staa Accrued Tax Preparation Fees
AccruedTaxPreparationFees
119000 USD
CY2013Q3 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
81000 USD
CY2012Q3 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
122000 USD
us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
284000 USD
us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
364000 USD
CY2013Q3 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
0 USD
CY2012Q3 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
34000 USD
us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
52000 USD
us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
102000 USD
CY2013Q3 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
25000 USD
CY2012Q3 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
28000 USD
us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
73000 USD
us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
81000 USD
CY2013Q3 us-gaap Defined Benefit Plan Amortization Of Transition Obligations Assets
DefinedBenefitPlanAmortizationOfTransitionObligationsAssets
0 USD
CY2012Q3 us-gaap Defined Benefit Plan Amortization Of Transition Obligations Assets
DefinedBenefitPlanAmortizationOfTransitionObligationsAssets
4000 USD
us-gaap Defined Benefit Plan Amortization Of Transition Obligations Assets
DefinedBenefitPlanAmortizationOfTransitionObligationsAssets
4000 USD
us-gaap Defined Benefit Plan Amortization Of Transition Obligations Assets
DefinedBenefitPlanAmortizationOfTransitionObligationsAssets
12000 USD
us-gaap Defined Benefit Plan Amortization Of Prior Service Cost Credit
DefinedBenefitPlanAmortizationOfPriorServiceCostCredit
0 USD
us-gaap Defined Benefit Plan Amortization Of Prior Service Cost Credit
DefinedBenefitPlanAmortizationOfPriorServiceCostCredit
-1000 USD
CY2013Q3 us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
69000 USD
CY2012Q3 us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
1000 USD
us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
50000 USD
us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
4000 USD
CY2013Q3 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
-13000 USD
CY2012Q3 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
131000 USD
us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
217000 USD
us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
392000 USD
CY2013Q3 us-gaap Weighted Average Number Of Shares Common Stock Subject To Repurchase Or Cancellation
WeightedAverageNumberOfSharesCommonStockSubjectToRepurchaseOrCancellation
37108000 shares
CY2013Q3 staa Segment Sales To Consolidated Sales Percentage
SegmentSalesToConsolidatedSalesPercentage
0.05 pure
us-gaap Entity Wide Disclosure On Geographic Areas Description Of Revenue From External Customers
EntityWideDisclosureOnGeographicAreasDescriptionOfRevenueFromExternalCustomers
The Company markets and sells its products in over 60 countries and has manufacturing sites in the United States and Switzerland. Other than the United States, Japan, Korea, China, and Spain, the Company does not conduct business in any country in which its sales exceed 5% of consolidated sales. Sales are attributed to countries based on location of customers. 100% of the Company’s sales are generated from the ophthalmic surgical product segment and therefore the Company operates as one operating segment for financial reporting purposes.
us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
308000 shares
us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
172000 shares
CY2013Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1612000 shares
CY2012Q3 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
1188000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2013Q3 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
922000 shares
CY2012Q3 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
0 shares
us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
742000 shares
us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
0 shares
CY2012Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
3788000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1091000 shares
CY2013Q3 us-gaap Number Of Countries In Which Entity Operates
NumberOfCountriesInWhichEntityOperates
60 pure
staa Estimated Forfeiture Rate
EstimatedForfeitureRate
0.0992 pure
CY2012Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0 pure
CY2013Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.5843 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.7948 pure
CY2013Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
576000 USD
CY2012Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
660000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2068000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1850000 USD
CY2013Q3 us-gaap Restricted Stock Expense
RestrictedStockExpense
283000 USD
CY2012Q3 us-gaap Restricted Stock Expense
RestrictedStockExpense
170000 USD
us-gaap Restricted Stock Expense
RestrictedStockExpense
718000 USD
us-gaap Restricted Stock Expense
RestrictedStockExpense
433000 USD
CY2013Q3 staa Consultant Compensation
ConsultantCompensation
47000 USD
CY2012Q3 staa Consultant Compensation
ConsultantCompensation
8000 USD
staa Consultant Compensation
ConsultantCompensation
138000 USD
staa Consultant Compensation
ConsultantCompensation
34000 USD
CY2013Q3 staa Compensation Cost Total
CompensationCostTotal
906000 USD
CY2012Q3 staa Compensation Cost Total
CompensationCostTotal
838000 USD
staa Compensation Cost Total
CompensationCostTotal
2924000 USD
staa Compensation Cost Total
CompensationCostTotal
2317000 USD
CY2013Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0 pure
CY2012Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0063 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0069 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0082 pure
CY2012Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y2M16D
CY2013Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P4Y1M13D
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P4Y1M13D
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y2M16D
CY2012Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
1000000 USD
CY2013Q3 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
122500000 USD
CY2013Q3 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
433000 USD
us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
433000 USD
us-gaap Valuation Allowance Deferred Tax Asset Explanation Of Change
ValuationAllowanceDeferredTaxAssetExplanationOfChange
The valuation allowance as of December 28, 2012 of $1.0 million was reduced to $430,000 primarily due to the utilization of STAAR Japan’s net operating loss carryover during the nine months ended September 27, 2013.
CY2013Q3 staa Estimated Cost Of Project
EstimatedCostOfProject
6200000 USD
staa Cost Of Project
CostOfProject
5700000 USD
CY2013Q3 staa Estimated Cost Of Project Capital
EstimatedCostOfProjectCapital
2000000 USD
CY2012Q4 us-gaap Restructuring Reserve
RestructuringReserve
797000 USD
us-gaap Restructuring Charges
RestructuringCharges
2005000 USD
us-gaap Payments For Restructuring
PaymentsForRestructuring
1972000 USD
CY2013Q3 us-gaap Restructuring Reserve
RestructuringReserve
830000 USD
us-gaap Restructuring And Related Cost Cost Incurred To Date
RestructuringAndRelatedCostCostIncurredToDate
5701000 USD
us-gaap Restructuring And Related Cost Expected Cost
RestructuringAndRelatedCostExpectedCost
6200000 USD

Files In Submission

Name View Source Status
0001144204-13-058167-index-headers.html Edgar Link pending
0001144204-13-058167-index.html Edgar Link pending
0001144204-13-058167.txt Edgar Link pending
0001144204-13-058167-xbrl.zip 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
R5.htm Edgar Link pending
R6.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
staa-20130927.xml Edgar Link completed
staa-20130927.xsd Edgar Link pending
staa-20130927_cal.xml Edgar Link unprocessable
staa-20130927_def.xml Edgar Link unprocessable
staa-20130927_lab.xml Edgar Link unprocessable
staa-20130927_pre.xml Edgar Link unprocessable
v358299_10q.htm Edgar Link pending
v358299_ex31-1.htm Edgar Link pending
v358299_ex31-2.htm Edgar Link pending
v358299_ex32-1.htm Edgar Link pending