2015 Q2 Form 10-Q Financial Statement

#000010198415000044 Filed on August 10, 2015

View on sec.gov

Income Statement

Concept 2015 Q2 2014 Q2
Revenue $147.6M $146.3M
YoY Change 0.84% 7.5%
Cost Of Revenue $107.3M $102.8M
YoY Change 4.39% 4.56%
Gross Profit $40.28M $43.56M
YoY Change -7.53% 15.12%
Gross Profit Margin 27.3% 29.77%
Selling, General & Admin $25.78M $27.77M
YoY Change -7.13% 16.56%
% of Gross Profit 64.01% 63.74%
Research & Development $4.096M $4.119M
YoY Change -0.56% 1.96%
% of Gross Profit 10.17% 9.46%
Depreciation & Amortization $4.740M $4.590M
YoY Change 3.27% 3.85%
% of Gross Profit 11.77% 10.54%
Operating Expenses $29.88M $31.88M
YoY Change -6.29% 14.44%
Operating Profit $10.40M $11.67M
YoY Change -10.91% 17.02%
Interest Expense $104.0K -$71.00K
YoY Change -246.48% -1875.0%
% of Operating Profit 1.0% -0.61%
Other Income/Expense, Net $56.00K -$334.0K
YoY Change -116.77% -79.51%
Pretax Income $10.56M $11.27M
YoY Change -6.29% 34.96%
Income Tax $2.200M $2.781M
% Of Pretax Income 20.83% 24.68%
Net Earnings $8.375M $8.488M
YoY Change -1.33% 45.32%
Net Earnings / Revenue 5.68% 5.8%
Basic Earnings Per Share $0.53 $0.54
Diluted Earnings Per Share $0.52 $0.53
COMMON SHARES
Basic Shares Outstanding 15.73M shares 15.78M shares
Diluted Shares Outstanding 16.03M shares 16.14M shares

Balance Sheet

Concept 2015 Q2 2014 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $82.20M $87.60M
YoY Change -6.16% 76.26%
Cash & Equivalents $82.16M $87.64M
Short-Term Investments
Other Short-Term Assets $12.10M $10.50M
YoY Change 15.24% 17.98%
Inventory $109.1M $88.78M
Prepaid Expenses
Receivables $96.18M $102.7M
Other Receivables $7.449M $4.854M
Total Short-Term Assets $307.1M $294.4M
YoY Change 4.31% 18.67%
LONG-TERM ASSETS
Property, Plant & Equipment $84.04M $75.35M
YoY Change 11.53% -1.29%
Goodwill $30.59M $31.00M
YoY Change -1.3% 0.39%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $5.706M $5.222M
YoY Change 9.27% 0.52%
Total Long-Term Assets $150.8M $142.6M
YoY Change 5.77% -3.14%
TOTAL ASSETS
Total Short-Term Assets $307.1M $294.4M
Total Long-Term Assets $150.8M $142.6M
Total Assets $457.9M $437.0M
YoY Change 4.79% 10.55%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $78.02M $69.86M
YoY Change 11.68% 5.93%
Accrued Expenses $58.10M $53.90M
YoY Change 7.79% 10.22%
Deferred Revenue
YoY Change
Short-Term Debt $12.00M $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $148.2M $126.9M
YoY Change 16.79% 7.34%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $2.031M $1.998M
YoY Change 1.65% -2.77%
Total Long-Term Liabilities $2.031M $1.998M
YoY Change 1.65% -2.77%
TOTAL LIABILITIES
Total Short-Term Liabilities $148.2M $126.9M
Total Long-Term Liabilities $2.031M $1.998M
Total Liabilities $159.3M $139.5M
YoY Change 14.21% 6.13%
SHAREHOLDERS EQUITY
Retained Earnings $239.6M $206.3M
YoY Change 16.16% 15.02%
Common Stock $221.9M $209.1M
YoY Change 6.08% 11.26%
Preferred Stock
YoY Change
Treasury Stock (at cost) $155.2M $119.0M
YoY Change 30.4% 14.45%
Treasury Stock Shares 7.657M shares 6.974M shares
Shareholders Equity $298.6M $297.5M
YoY Change
Total Liabilities & Shareholders Equity $457.9M $437.0M
YoY Change 4.79% 10.55%

Cashflow Statement

Concept 2015 Q2 2014 Q2
OPERATING ACTIVITIES
Net Income $8.375M $8.488M
YoY Change -1.33% 45.32%
Depreciation, Depletion And Amortization $4.740M $4.590M
YoY Change 3.27% 3.85%
Cash From Operating Activities $11.59M $14.88M
YoY Change -22.11% -22.7%
INVESTING ACTIVITIES
Capital Expenditures -$9.020M -$5.780M
YoY Change 56.06% 194.9%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$9.020M -$5.780M
YoY Change 56.06% 194.9%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -17.49M -12.06M
YoY Change 45.02% -529.18%
NET CHANGE
Cash From Operating Activities 11.59M 14.88M
Cash From Investing Activities -9.020M -5.780M
Cash From Financing Activities -17.49M -12.06M
Net Change In Cash -14.92M -2.960M
YoY Change 404.05% -114.73%
FREE CASH FLOW
Cash From Operating Activities $11.59M $14.88M
Capital Expenditures -$9.020M -$5.780M
Free Cash Flow $20.61M $20.66M
YoY Change -0.24% -2.59%

Facts In Submission

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CY2014Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
11269000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
16894000 USD
CY2015Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2185000 USD
CY2015Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
10560000 USD
CY2014Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2781000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
17003000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
4133000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3439000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
3182000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
2979000 USD
CY2014Q4 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
77000 USD
CY2015Q2 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
71000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
10382000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
1395000 USD
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-1894000 USD
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
32000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-5095000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
14994000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-134000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
378000 USD
us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
12856000 USD
us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
8741000 USD
CY2014Q2 us-gaap Interest Expense Short Term Borrowings
InterestExpenseShortTermBorrowings
0 USD
us-gaap Interest Expense Short Term Borrowings
InterestExpenseShortTermBorrowings
0 USD
CY2015Q2 us-gaap Interest Expense Short Term Borrowings
InterestExpenseShortTermBorrowings
17000 USD
us-gaap Interest Expense Short Term Borrowings
InterestExpenseShortTermBorrowings
17000 USD
CY2014Q2 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-71000 USD
us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-87000 USD
CY2015Q2 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
104000 USD
us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
214000 USD
CY2014Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
56458000 USD
CY2015Q2 us-gaap Inventory Finished Goods
InventoryFinishedGoods
55870000 USD
CY2014Q4 us-gaap Inventory Net
InventoryNet
97474000 USD
CY2015Q2 us-gaap Inventory Net
InventoryNet
109121000 USD
CY2014Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
24763000 USD
CY2015Q2 us-gaap Inventory Raw Materials
InventoryRawMaterials
33635000 USD
CY2013Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
2714000 USD
CY2014Q2 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
2090000 USD
CY2014Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
2539000 USD
CY2015Q2 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
2898000 USD
CY2014Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
2622000 USD
CY2015Q2 us-gaap Inventory Work In Process
InventoryWorkInProcess
8416000 USD
us-gaap Inventory Write Down
InventoryWriteDown
1550000 USD
us-gaap Inventory Write Down
InventoryWriteDown
1617000 USD
CY2014Q4 us-gaap Liabilities
Liabilities
147449000 USD
CY2015Q2 us-gaap Liabilities
Liabilities
159285000 USD
CY2014Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
463070000 USD
CY2015Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
457925000 USD
CY2014Q4 us-gaap Liabilities Current
LiabilitiesCurrent
136365000 USD
CY2015Q2 us-gaap Liabilities Current
LiabilitiesCurrent
148159000 USD
CY2014Q4 us-gaap Lines Of Credit Current
LinesOfCreditCurrent
0 USD
CY2015Q2 us-gaap Lines Of Credit Current
LinesOfCreditCurrent
12000000 USD
us-gaap Maximum Remaining Maturity Of Foreign Currency Derivatives1
MaximumRemainingMaturityOfForeignCurrencyDerivatives1
P9M
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-8468000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-19936000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-8377000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-16907000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
28791000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
5942000 USD
CY2014Q2 us-gaap Net Income Loss
NetIncomeLoss
8488000 USD
us-gaap Net Income Loss
NetIncomeLoss
12761000 USD
CY2015Q2 us-gaap Net Income Loss
NetIncomeLoss
8375000 USD
us-gaap Net Income Loss
NetIncomeLoss
13564000 USD
CY2014Q4 us-gaap Noncurrent Assets
NoncurrentAssets
81606000 USD
CY2015Q2 us-gaap Noncurrent Assets
NoncurrentAssets
89744000 USD
CY2014Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
11674000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
17664000 USD
CY2015Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
10400000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
16503000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
29000 shares
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
65.53
CY2014Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
13358000 USD
CY2015Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
13614000 USD
CY2014Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
5471000 USD
CY2015Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
5706000 USD
CY2014Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
267000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-1844000 USD
CY2015Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
1098000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-3160000 USD
CY2014Q4 us-gaap Other Employee Related Liabilities Current
OtherEmployeeRelatedLiabilitiesCurrent
1854000 USD
CY2015Q2 us-gaap Other Employee Related Liabilities Current
OtherEmployeeRelatedLiabilitiesCurrent
1281000 USD
CY2014Q4 us-gaap Other Inventory
OtherInventory
16170000 USD
CY2015Q2 us-gaap Other Inventory
OtherInventory
14098000 USD
CY2014Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
2062000 USD
CY2015Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
2031000 USD
CY2014Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-334000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-683000 USD
CY2015Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
56000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
286000 USD
CY2014Q4 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
7617000 USD
CY2015Q2 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
7449000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
14275000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
34297000 USD
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
663000 USD
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
1252000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
7714000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
15655000 USD
CY2014Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2015Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2014Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000 shares
CY2015Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000 shares
CY2014Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2015Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2014Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2015Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2014Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2015Q2 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2014Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
6856000 USD
CY2015Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
6942000 USD
us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
0 USD
us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
19500000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
4665000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
1648000 USD
CY2013Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
41000 USD
CY2014Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
216000 USD
CY2014Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
353000 USD
CY2015Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
24000 USD
CY2014Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
353000 USD
CY2015Q2 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
24000 USD
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
41000 USD
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
329000 USD
us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
216000 USD
us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
0 USD
CY2014Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
76135000 USD
CY2015Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
84038000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
69000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
138000 USD
CY2014Q4 us-gaap Receivables Net Current
ReceivablesNetCurrent
97989000 USD
CY2015Q2 us-gaap Receivables Net Current
ReceivablesNetCurrent
103624000 USD
us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
0 USD
us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
7500000 USD
CY2014Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
4119000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
8396000 USD
CY2015Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
4096000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
8530000 USD
CY2014Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
226066000 USD
CY2015Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
239630000 USD
CY2014Q4 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
2057000 USD
CY2015Q2 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
3099000 USD
CY2014Q2 us-gaap Sales Revenue Net
SalesRevenueNet
146315000 USD
us-gaap Sales Revenue Net
SalesRevenueNet
276160000 USD
CY2015Q2 us-gaap Sales Revenue Net
SalesRevenueNet
147551000 USD
us-gaap Sales Revenue Net
SalesRevenueNet
280256000 USD
CY2014Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
27765000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
54044000 USD
CY2015Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
25784000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
52656000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
3251000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
3983000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
1000 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
63.19
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
266000 shares
CY2015Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
237000 shares
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
39.28
CY2015Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
43.69
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
57000 shares
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
33.95
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.0000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.4484
CY2015Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.0000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.4350
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0129
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0138
CY2015Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0000
CY2015Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
445000 shares
CY2015Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
24.88
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
2122000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
8000 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
74000 shares
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
0.00
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
13.64
CY2015Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
0.00
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
24.77
CY2015Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
13761000 USD
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
650000 shares
CY2015Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
647000 shares
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
25.56
CY2015Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
30.35
CY2015Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber
647000 shares
CY2015Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
13756000 USD
CY2015Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
30.35
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
23.95
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
20.64
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
65.54
CY2014Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P0Y
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P4Y6M21D
CY2015Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P0Y
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P4Y6M21D
CY2015Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
11118000 USD
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P4Y9M17D
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P5Y3M28D
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P5Y3M25D
CY2015Q2 us-gaap Significant Change In Unrecognized Tax Benefits Is Reasonably Possible Amount Of Unrecorded Benefit
SignificantChangeInUnrecognizedTaxBenefitsIsReasonablyPossibleAmountOfUnrecordedBenefit
500000 USD
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
69000 shares
us-gaap Stock Issued During Period Shares Treasury Stock Reissued
StockIssuedDuringPeriodSharesTreasuryStockReissued
15000 shares
CY2015Q2 us-gaap Stock Repurchase Program Remaining Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramRemainingNumberOfSharesAuthorizedToBeRepurchased
526069 shares
CY2014Q4 us-gaap Stockholders Equity
StockholdersEquity
315621000 USD
CY2015Q2 us-gaap Stockholders Equity
StockholdersEquity
298640000 USD
CY2014Q4 us-gaap Stockholders Equity Before Treasury Stock
StockholdersEquityBeforeTreasuryStock
436559000 USD
CY2015Q2 us-gaap Stockholders Equity Before Treasury Stock
StockholdersEquityBeforeTreasuryStock
453875000 USD
CY2014Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
7008475 shares
CY2015Q2 us-gaap Treasury Stock Shares
TreasuryStockShares
7657183 shares
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
349533 shares
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
648708 shares
CY2014Q4 us-gaap Treasury Stock Value
TreasuryStockValue
120938000 USD
CY2015Q2 us-gaap Treasury Stock Value
TreasuryStockValue
155235000 USD
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
14275000 USD
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
34297000 USD
CY2015Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
3700000 USD
CY2014Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
200000 USD
CY2015Q2 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
200000 USD
CY2015Q2 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
3200000 USD
CY2014Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
357000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
366000 shares
CY2015Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
297000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
317000 shares
CY2014Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
16141000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
16151000 shares
CY2015Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
16029000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
16136000 shares
CY2014Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
15784000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
15785000 shares
CY2015Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
15732000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
15819000 shares
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 U.S. GAAP 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 and assumptions, including those related to revenue recognition, allowances for sales returns and doubtful accounts, inventory valuation, our review of impairment of long-lived assets, intangible assets and goodwill, income taxes and stock-based compensation expense. Actual results may differ from these estimates and assumptions, and they may be adjusted as more information becomes available. Any adjustment may be material.</font></div></div>

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