$UEIC
UNIVERSAL ELECTRONICS INC

2014 Q1 Form 10-Q Financial Statement

#000010198414000031 Filed on May 06, 2014

View on sec.gov

Income Statement

Concept 2014 Q1 2013 Q1
Revenue $129.8M $114.7M
YoY Change 13.18% 10.59%
Cost Of Revenue $93.30M $82.17M
YoY Change 13.54% 8.98%
Gross Profit $36.55M $32.55M
YoY Change 12.28% 14.9%
Gross Profit Margin 28.15% 28.37%
Selling, General & Admin $26.28M $24.41M
YoY Change 7.64% 8.25%
% of Gross Profit 71.91% 75.0%
Research & Development $4.277M $4.241M
YoY Change 0.85% 22.47%
% of Gross Profit 11.7% 13.03%
Depreciation & Amortization $4.260M $4.374M
YoY Change -2.61% 2.68%
% of Gross Profit 11.66% 13.44%
Operating Expenses $30.56M $28.65M
YoY Change 6.64% 10.14%
Operating Profit $5.990M $3.895M
YoY Change 53.79% 68.47%
Interest Expense -$16.00K $9.000K
YoY Change -277.78% -124.32%
% of Operating Profit -0.27% 0.23%
Other Income/Expense, Net -$349.0K -$550.0K
YoY Change -36.55% 69.75%
Pretax Income $5.625M $3.354M
YoY Change 67.71% 71.91%
Income Tax $1.352M $408.0K
% Of Pretax Income 24.04% 12.16%
Net Earnings $4.273M $2.946M
YoY Change 45.04% 80.51%
Net Earnings / Revenue 3.29% 2.57%
Basic Earnings Per Share $0.27 $0.20
Diluted Earnings Per Share $0.26 $0.19
COMMON SHARES
Basic Shares Outstanding 15.79M shares 14.97M shares
Diluted Shares Outstanding 16.16M shares 15.23M shares

Balance Sheet

Concept 2014 Q1 2013 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $90.40M $28.70M
YoY Change 214.98% 18.11%
Cash & Equivalents $90.40M $28.72M
Short-Term Investments
Other Short-Term Assets $10.70M $9.200M
YoY Change 16.3% -11.54%
Inventory $90.17M $89.58M
Prepaid Expenses
Receivables $81.79M $88.71M
Other Receivables $2.974M $2.689M
Total Short-Term Assets $276.2M $216.3M
YoY Change 27.69% 11.66%
LONG-TERM ASSETS
Property, Plant & Equipment $73.52M $77.47M
YoY Change -5.11% -1.93%
Goodwill $30.99M $30.81M
YoY Change 0.6%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $5.162M $5.317M
YoY Change -2.92% -60.02%
Total Long-Term Assets $141.2M $149.8M
YoY Change -5.7% -3.43%
TOTAL ASSETS
Total Short-Term Assets $276.2M $216.3M
Total Long-Term Assets $141.2M $149.8M
Total Assets $417.4M $366.1M
YoY Change 14.03% 4.95%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $54.26M $50.30M
YoY Change 7.88% 25.11%
Accrued Expenses $48.80M $46.90M
YoY Change 4.05% 6.83%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $105.7M $100.0M
YoY Change 5.69% -1.72%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $2.025M $1.921M
YoY Change 5.41% 74.64%
Total Long-Term Liabilities $2.025M $1.921M
YoY Change 5.41% 74.64%
TOTAL LIABILITIES
Total Short-Term Liabilities $105.7M $100.0M
Total Long-Term Liabilities $2.025M $1.921M
Total Liabilities $118.4M $113.0M
YoY Change 4.7% -0.93%
SHAREHOLDERS EQUITY
Retained Earnings $197.8M $173.5M
YoY Change 14.0%
Common Stock $205.7M $182.8M
YoY Change 12.49%
Preferred Stock
YoY Change
Treasury Stock (at cost) $105.3M $103.2M
YoY Change 1.97%
Treasury Stock Shares 6.643M shares 6.590M shares
Shareholders Equity $299.1M $253.0M
YoY Change
Total Liabilities & Shareholders Equity $417.4M $366.1M
YoY Change 14.03% 4.95%

Cashflow Statement

Concept 2014 Q1 2013 Q1
OPERATING ACTIVITIES
Net Income $4.273M $2.946M
YoY Change 45.04% 80.51%
Depreciation, Depletion And Amortization $4.260M $4.374M
YoY Change -2.61% 2.68%
Cash From Operating Activities $13.91M -$11.30M
YoY Change -223.09% 457.88%
INVESTING ACTIVITIES
Capital Expenditures $2.396M $3.058M
YoY Change -21.65% 78.62%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$2.600M -$3.349M
YoY Change -22.36% 73.7%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $405.0K $1.558M
YoY Change -74.01% 404.21%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $3.590M -$928.0K
YoY Change -486.85% -30.12%
NET CHANGE
Cash From Operating Activities $13.91M -$11.30M
Cash From Investing Activities -$2.600M -$3.349M
Cash From Financing Activities $3.590M -$928.0K
Net Change In Cash $14.90M -$15.57M
YoY Change -195.65% 194.91%
FREE CASH FLOW
Cash From Operating Activities $13.91M -$11.30M
Capital Expenditures $2.396M $3.058M
Free Cash Flow $11.51M -$14.36M
YoY Change -180.18% 284.13%

Facts In Submission

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CY2014Q1 us-gaap Payments To Acquire Intangible Assets
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CY2013Q1 us-gaap Payments To Acquire Intangible Assets
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CY2014Q1 us-gaap Payments To Acquire Property Plant And Equipment
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CY2013Q1 us-gaap Payments To Acquire Property Plant And Equipment
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3058000 USD
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CY2014Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
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CY2014Q1 us-gaap Preferred Stock Shares Authorized
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PreferredStockSharesIssued
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CY2013Q4 us-gaap Preferred Stock Shares Issued
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CY2014Q1 us-gaap Preferred Stock Shares Outstanding
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CY2014Q1 us-gaap Proceeds From Short Term Debt
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CY2014Q1 us-gaap Proceeds From Stock Options Exercised
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CY2013Q1 us-gaap Proceeds From Stock Options Exercised
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CY2014Q1 us-gaap Product Warranty Accrual
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ProductWarrantyAccrual
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CY2013Q1 us-gaap Product Warranty Accrual
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CY2013Q4 us-gaap Product Warranty Accrual Classified Current
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CY2014Q1 us-gaap Product Warranty Accrual Classified Current
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CY2013Q1 us-gaap Product Warranty Accrual Payments
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CY2014Q1 us-gaap Product Warranty Accrual Payments
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CY2014Q1 us-gaap Product Warranty Accrual Warranties Issued
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CY2013Q1 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
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CY2013Q1 us-gaap Provision For Doubtful Accounts
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CY2014Q1 us-gaap Provision For Doubtful Accounts
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CY2014Q1 us-gaap Repayments Of Short Term Debt
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CY2013Q1 us-gaap Repayments Of Short Term Debt
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CY2014Q1 us-gaap Research And Development Expense
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CY2013Q1 us-gaap Research And Development Expense
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CY2014Q1 us-gaap Retained Earnings Accumulated Deficit
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CY2013Q4 us-gaap Sales And Excise Tax Payable Current
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1637000 USD
CY2014Q1 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
496000 USD
CY2013Q1 us-gaap Sales Revenue Net
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114722000 USD
CY2014Q1 us-gaap Sales Revenue Net
SalesRevenueNet
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CY2014Q1 us-gaap Selling General And Administrative Expense
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26279000 USD
CY2013Q1 us-gaap Selling General And Administrative Expense
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CY2013Q1 us-gaap Share Based Compensation
ShareBasedCompensation
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CY2014Q1 us-gaap Share Based Compensation
ShareBasedCompensation
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CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
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CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
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CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
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CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
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CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
301000 shares
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
285000 shares
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
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CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
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CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
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CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
24.24
CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
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CY2013Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
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0.5344
CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
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CY2013Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0096
CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
549000 shares
CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
23.65
CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
3817000 USD
CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
3000 shares
CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
133000 shares
CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
13.64
CY2013Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
9.22
CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
13969000 USD
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
924000 shares
CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
884000 shares
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
22.04
CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
22.58
CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber
882000 shares
CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
13935000 USD
CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
22.58
CY2014Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
19.21
CY2014Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
14.92
CY2014Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
35.28
CY2014Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P4Y6M21D
CY2013Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y2M12D
CY2014Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
8093000 USD
CY2014Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P5Y4M2D
CY2014Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P6Y3M17D
CY2014Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P6Y3M14D
CY2014Q1 us-gaap Significant Change In Unrecognized Tax Benefits Is Reasonably Possible Amount Of Unrecorded Benefit
SignificantChangeInUnrecognizedTaxBenefitsIsReasonablyPossibleAmountOfUnrecordedBenefit
200000 USD
CY2014Q1 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
170000 shares
CY2014Q1 us-gaap Stock Issued During Period Shares Treasury Stock Reissued
StockIssuedDuringPeriodSharesTreasuryStockReissued
7500 shares
CY2013Q1 us-gaap Stock Issued During Period Shares Treasury Stock Reissued
StockIssuedDuringPeriodSharesTreasuryStockReissued
7500 shares
CY2014Q1 us-gaap Stock Repurchase Program Remaining Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramRemainingNumberOfSharesAuthorizedToBeRepurchased
922344 shares
CY2014Q1 us-gaap Stockholders Equity
StockholdersEquity
299055000 USD
CY2013Q4 us-gaap Stockholders Equity
StockholdersEquity
291270000 USD
CY2014Q1 us-gaap Stockholders Equity Before Treasury Stock
StockholdersEquityBeforeTreasuryStock
404336000 USD
CY2013Q4 us-gaap Stockholders Equity Before Treasury Stock
StockholdersEquityBeforeTreasuryStock
396250000 USD
CY2013Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
6639497 shares
CY2014Q1 us-gaap Treasury Stock Shares
TreasuryStockShares
6643109 shares
CY2014Q1 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
11112 shares
CY2013Q1 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
81019 shares
CY2013Q4 us-gaap Treasury Stock Value
TreasuryStockValue
104980000 USD
CY2014Q1 us-gaap Treasury Stock Value
TreasuryStockValue
105281000 USD
CY2014Q1 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
405000 USD
CY2013Q1 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
1558000 USD
CY2014Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
3600000 USD
CY2014Q1 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
200000 USD
CY2013Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
100000 USD
CY2014Q1 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
3200000 USD
CY2014Q1 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:19px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Estimates, Judgments and Assumptions</font></div><div style="line-height:120%;padding-top:5px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires us to make estimates, judgments and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. On an on-going basis, we evaluate our estimates, judgments and assumptions, including those related to revenue recognition, allowance for doubtful accounts, warranties, inventory valuation, impairment of long-lived assets, intangible assets and goodwill, income taxes and stock-based compensation expense. Actual results may differ from our expectations. Based on our evaluation, our estimates, judgments and assumptions may be adjusted as more information becomes available. Any adjustment may be material.</font></div></div>
CY2014Q1 ueic Accrued Tooling Expenses Current
AccruedToolingExpensesCurrent
677000 USD
CY2013Q4 ueic Accrued Tooling Expenses Current
AccruedToolingExpensesCurrent
758000 USD
CY2014Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
376000 shares
CY2013Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
260000 shares
CY2014Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
16163000 shares
CY2013Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
15225000 shares
CY2013Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
14965000 shares
CY2014Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
15787000 shares
CY2014Q1 ueic Accrued Advertising And Marketing Costs Current
AccruedAdvertisingAndMarketingCostsCurrent
254000 USD
CY2013Q4 ueic Accrued Advertising And Marketing Costs Current
AccruedAdvertisingAndMarketingCostsCurrent
238000 USD
CY2014Q1 ueic Accrued Duties Current
AccruedDutiesCurrent
701000 USD
CY2013Q4 ueic Accrued Duties Current
AccruedDutiesCurrent
797000 USD
CY2014Q1 ueic Accrued Employee Sales Commission Current
AccruedEmployeeSalesCommissionCurrent
476000 USD
CY2013Q4 ueic Accrued Employee Sales Commission Current
AccruedEmployeeSalesCommissionCurrent
1350000 USD
CY2013Q4 ueic Accrued Freight Costs Current
AccruedFreightCostsCurrent
1374000 USD
CY2014Q1 ueic Accrued Freight Costs Current
AccruedFreightCostsCurrent
1095000 USD
CY2014Q1 ueic Accrued Nonemployee Sales Commission Current
AccruedNonemployeeSalesCommissionCurrent
592000 USD
CY2013Q4 ueic Accrued Nonemployee Sales Commission Current
AccruedNonemployeeSalesCommissionCurrent
511000 USD
CY2013Q4 ueic Accrued Product Development Costs Current
AccruedProductDevelopmentCostsCurrent
614000 USD
CY2014Q1 ueic Accrued Product Development Costs Current
AccruedProductDevelopmentCostsCurrent
839000 USD
CY2013Q4 ueic Accrued Salaries Thirteenth Month Amount Current
AccruedSalariesThirteenthMonthAmountCurrent
600000 USD
CY2014Q1 ueic Accrued Salaries Thirteenth Month Amount Current
AccruedSalariesThirteenthMonthAmountCurrent
300000 USD
CY2013Q4 ueic Accrued Sales Discounts Rebatesand Royalties Curent
AccruedSalesDiscountsRebatesandRoyaltiesCurent
8539000 USD
CY2014Q1 ueic Accrued Sales Discounts Rebatesand Royalties Curent
AccruedSalesDiscountsRebatesandRoyaltiesCurent
6255000 USD
CY2013Q4 ueic Accrued Social Insurance Current
AccruedSocialInsuranceCurrent
20492000 USD
CY2014Q1 ueic Accrued Social Insurance Current
AccruedSocialInsuranceCurrent
19986000 USD
CY2014Q1 ueic Allowance For Sales Returns
AllowanceForSalesReturns
656000 USD
CY2013Q4 ueic Allowance For Sales Returns
AllowanceForSalesReturns
865000 USD
CY2014Q1 ueic Allowancefor Doubtful Accounts Receivable Write Offs And Effect Of Exchange Rate
AllowanceforDoubtfulAccountsReceivableWriteOffsAndEffectOfExchangeRate
-6000 USD
CY2013Q1 ueic Allowancefor Doubtful Accounts Receivable Write Offs And Effect Of Exchange Rate
AllowanceforDoubtfulAccountsReceivableWriteOffsAndEffectOfExchangeRate
15000 USD
CY2013Q4 ueic Allowancefor Sales Returns Net Of Unprocessed Returns
AllowanceforSalesReturnsNetOfUnprocessedReturns
500000 USD
CY2014Q1 ueic Allowancefor Sales Returns Net Of Unprocessed Returns
AllowanceforSalesReturnsNetOfUnprocessedReturns
400000 USD
CY2014Q1 ueic Finite Lived Intangible Assets Fully Amortized Gross
FiniteLivedIntangibleAssetsFullyAmortizedGross
6600000 USD
CY2013Q4 ueic Finite Lived Intangible Assets Fully Amortized Gross
FiniteLivedIntangibleAssetsFullyAmortizedGross
6600000 USD
CY2014Q1 ueic Inventory Scrapped During Production
InventoryScrappedDuringProduction
45000 USD
CY2013Q1 ueic Inventory Scrapped During Production
InventoryScrappedDuringProduction
94000 USD
CY2014Q1 ueic Inventory Valuation Reserve Adjustments Sales
InventoryValuationReserveAdjustmentsSales
205000 USD
CY2013Q1 ueic Inventory Valuation Reserve Adjustments Sales
InventoryValuationReserveAdjustmentsSales
57000 USD
CY2014Q1 ueic Inventory Valuation Reserve Period Charge
InventoryValuationReservePeriodCharge
551000 USD
CY2013Q1 ueic Inventory Valuation Reserve Period Charge
InventoryValuationReservePeriodCharge
479000 USD
CY2014Q1 ueic Inventory Valuation Reserve Write Offs And Effect Of Exchange Rate
InventoryValuationReserveWriteOffsAndEffectOfExchangeRate
462000 USD
CY2013Q1 ueic Inventory Valuation Reserve Write Offs And Effect Of Exchange Rate
InventoryValuationReserveWriteOffsAndEffectOfExchangeRate
597000 USD
CY2014Q1 ueic Other Accrued Expenses Current
OtherAccruedExpensesCurrent
2706000 USD
CY2013Q4 ueic Other Accrued Expenses Current
OtherAccruedExpensesCurrent
3189000 USD
CY2013Q1 ueic Recognitionof Tax Benefit Federal Researchand Development Amount
RecognitionofTaxBenefitFederalResearchandDevelopmentAmount
400000 USD
CY2014Q1 ueic Shares Issued For Employee Benefit Plan
SharesIssuedForEmployeeBenefitPlan
347000 USD
CY2013Q1 ueic Shares Issued For Employee Benefit Plan
SharesIssuedForEmployeeBenefitPlan
255000 USD
CY2013Q1 ueic Tax Benefit From Stock Options Exercised And Vested Restricted Stock
TaxBenefitFromStockOptionsExercisedAndVestedRestrictedStock
2000 USD
CY2014Q1 ueic Tax Benefit From Stock Options Exercised And Vested Restricted Stock
TaxBenefitFromStockOptionsExercisedAndVestedRestrictedStock
731000 USD
CY2014Q1 ueic Unrealized Losson Foreign Currency Exchange Futures Contracts Current
UnrealizedLossonForeignCurrencyExchangeFuturesContractsCurrent
996000 USD
CY2013Q4 ueic Unrealized Losson Foreign Currency Exchange Futures Contracts Current
UnrealizedLossonForeignCurrencyExchangeFuturesContractsCurrent
2000 USD
CY2014Q1 ueic Unrecognized Tax Benefits Income Tax Interest And Penalties Accrued Current
UnrecognizedTaxBenefitsIncomeTaxInterestAndPenaltiesAccruedCurrent
1500000 USD
CY2014Q1 ueic Unrecognized Tax Benefits Income Tax Interest And Penalties Accrued Noncurrent
UnrecognizedTaxBenefitsIncomeTaxInterestAndPenaltiesAccruedNoncurrent
2100000 USD
CY2014Q1 dei Amendment Flag
AmendmentFlag
false
CY2014Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2014Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2014Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
CY2014Q1 dei Document Period End Date
DocumentPeriodEndDate
2014-03-31
CY2014Q1 dei Document Type
DocumentType
10-Q
CY2014Q1 dei Entity Central Index Key
EntityCentralIndexKey
0000101984
CY2014Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
15913340 shares
CY2014Q1 dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
CY2014Q1 dei Entity Registrant Name
EntityRegistrantName
UNIVERSAL ELECTRONICS INC

Files In Submission

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0000101984-14-000031.txt Edgar Link pending
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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
ueic-03312014x10q.htm Edgar Link pending
ueic-03312014x10qxex311.htm Edgar Link pending
ueic-03312014x10qxex312.htm Edgar Link pending
ueic-03312014x10qxex32.htm Edgar Link pending
ueic-20140331.xml Edgar Link completed
ueic-20140331.xsd Edgar Link pending
ueic-20140331_cal.xml Edgar Link unprocessable
ueic-20140331_def.xml Edgar Link unprocessable
ueic-20140331_lab.xml Edgar Link unprocessable
ueic-20140331_pre.xml Edgar Link unprocessable