2016 Q2 Form 10-Q Financial Statement

#000010198416000083 Filed on August 09, 2016

View on sec.gov

Income Statement

Concept 2016 Q2 2015 Q2
Revenue $171.0M $147.6M
YoY Change 15.88% 0.84%
Cost Of Revenue $127.5M $107.3M
YoY Change 18.89% 4.39%
Gross Profit $43.46M $40.28M
YoY Change 7.88% -7.53%
Gross Profit Margin 25.41% 27.3%
Selling, General & Admin $30.25M $25.78M
YoY Change 17.33% -7.13%
% of Gross Profit 69.62% 64.01%
Research & Development $5.151M $4.096M
YoY Change 25.76% -0.56%
% of Gross Profit 11.85% 10.17%
Depreciation & Amortization $6.100M $4.740M
YoY Change 28.69% 3.27%
% of Gross Profit 14.04% 11.77%
Operating Expenses $35.40M $29.88M
YoY Change 18.48% -6.29%
Operating Profit $7.969M $10.40M
YoY Change -23.38% -10.91%
Interest Expense -$258.0K $104.0K
YoY Change -348.08% -246.48%
% of Operating Profit -3.24% 1.0%
Other Income/Expense, Net $671.0K $56.00K
YoY Change 1098.21% -116.77%
Pretax Income $8.382M $10.56M
YoY Change -20.63% -6.29%
Income Tax $1.800M $2.200M
% Of Pretax Income 21.47% 20.83%
Net Earnings $6.590M $8.375M
YoY Change -21.31% -1.33%
Net Earnings / Revenue 3.85% 5.68%
Basic Earnings Per Share $0.46 $0.53
Diluted Earnings Per Share $0.45 $0.52
COMMON SHARES
Basic Shares Outstanding 14.44M shares 15.73M shares
Diluted Shares Outstanding 14.74M shares 16.03M shares

Balance Sheet

Concept 2016 Q2 2015 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $49.40M $82.20M
YoY Change -39.9% -6.16%
Cash & Equivalents $49.45M $82.16M
Short-Term Investments
Other Short-Term Assets $18.50M $12.10M
YoY Change 52.89% 15.24%
Inventory $119.1M $109.1M
Prepaid Expenses
Receivables $128.4M $96.18M
Other Receivables $3.767M $7.449M
Total Short-Term Assets $319.4M $307.1M
YoY Change 4.02% 4.31%
LONG-TERM ASSETS
Property, Plant & Equipment $98.13M $84.04M
YoY Change 16.77% 11.53%
Goodwill $43.13M $30.59M
YoY Change 40.98% -1.3%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $5.170M $5.706M
YoY Change -9.39% 9.27%
Total Long-Term Assets $187.3M $150.8M
YoY Change 24.14% 5.77%
TOTAL ASSETS
Total Short-Term Assets $319.4M $307.1M
Total Long-Term Assets $187.3M $150.8M
Total Assets $506.7M $457.9M
YoY Change 10.65% 4.79%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $99.03M $78.02M
YoY Change 26.93% 11.68%
Accrued Expenses $65.10M $58.10M
YoY Change 12.05% 7.79%
Deferred Revenue
YoY Change
Short-Term Debt $43.00M $12.00M
YoY Change 258.33%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $208.8M $148.2M
YoY Change 40.94% 16.79%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $1.847M $2.031M
YoY Change -9.06% 1.65%
Total Long-Term Liabilities $1.847M $2.031M
YoY Change -9.06% 1.65%
TOTAL LIABILITIES
Total Short-Term Liabilities $208.8M $148.2M
Total Long-Term Liabilities $1.847M $2.031M
Total Liabilities $231.9M $159.3M
YoY Change 45.61% 14.21%
SHAREHOLDERS EQUITY
Retained Earnings $264.6M $239.6M
YoY Change 10.4% 16.16%
Common Stock $239.6M $221.9M
YoY Change 8.0% 6.08%
Preferred Stock
YoY Change
Treasury Stock (at cost) $212.3M $155.2M
YoY Change 36.75% 30.4%
Treasury Stock Shares 8.861M shares 7.657M shares
Shareholders Equity $274.8M $298.6M
YoY Change
Total Liabilities & Shareholders Equity $506.7M $457.9M
YoY Change 10.65% 4.79%

Cashflow Statement

Concept 2016 Q2 2015 Q2
OPERATING ACTIVITIES
Net Income $6.590M $8.375M
YoY Change -21.31% -1.33%
Depreciation, Depletion And Amortization $6.100M $4.740M
YoY Change 28.69% 3.27%
Cash From Operating Activities $20.11M $11.59M
YoY Change 73.51% -22.11%
INVESTING ACTIVITIES
Capital Expenditures -$10.94M -$9.020M
YoY Change 21.29% 56.06%
Acquisitions
YoY Change
Other Investing Activities $50.00K
YoY Change
Cash From Investing Activities -$10.89M -$9.020M
YoY Change 20.73% 56.06%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -14.24M -17.49M
YoY Change -18.58% 45.02%
NET CHANGE
Cash From Operating Activities 20.11M 11.59M
Cash From Investing Activities -10.89M -9.020M
Cash From Financing Activities -14.24M -17.49M
Net Change In Cash -5.020M -14.92M
YoY Change -66.35% 404.05%
FREE CASH FLOW
Cash From Operating Activities $20.11M $11.59M
Capital Expenditures -$10.94M -$9.020M
Free Cash Flow $31.05M $20.61M
YoY Change 50.66% -0.24%

Facts In Submission

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5117000 USD
CY2016Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
6227000 USD
CY2016Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
6272000 USD
CY2016Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
6321000 USD
CY2015Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
54607000 USD
CY2016Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
54845000 USD
CY2015Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
32926000 USD
CY2016Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
30800000 USD
CY2015Q2 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
178000 USD
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-676000 USD
CY2016Q2 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
1105000 USD
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
2016000 USD
CY2015Q2 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
-167000 USD
us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
867000 USD
CY2015Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
5671000 USD
CY2016Q2 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
-477000 USD
us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
-676000 USD
CY2015Q4 us-gaap Goodwill
Goodwill
43116000 USD
CY2016Q2 us-gaap Goodwill
Goodwill
43131000 USD
us-gaap Goodwill Translation Adjustments
GoodwillTranslationAdjustments
15000 USD
CY2015Q2 us-gaap Gross Profit
GrossProfit
40280000 USD
us-gaap Gross Profit
GrossProfit
77689000 USD
CY2016Q2 us-gaap Gross Profit
GrossProfit
43456000 USD
us-gaap Gross Profit
GrossProfit
81103000 USD
CY2015Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
10560000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
17003000 USD
CY2016Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
8382000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
11876000 USD
CY2015Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2185000 USD
CY2015Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2200000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3439000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3400000 USD
CY2016Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1784000 USD
CY2016Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1800000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2535000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2500000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
2979000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
4647000 USD
CY2015Q4 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
55000 USD
CY2016Q2 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
296000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
1395000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
4488000 USD
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
32000 USD
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-3260000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
14994000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-982000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
378000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
243000 USD
us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
8741000 USD
us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
9599000 USD
CY2015Q2 us-gaap Interest Expense Short Term Borrowings
InterestExpenseShortTermBorrowings
17000 USD
us-gaap Interest Expense Short Term Borrowings
InterestExpenseShortTermBorrowings
17000 USD
CY2016Q2 us-gaap Interest Expense Short Term Borrowings
InterestExpenseShortTermBorrowings
300000 USD
us-gaap Interest Expense Short Term Borrowings
InterestExpenseShortTermBorrowings
600000 USD
CY2015Q2 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
104000 USD
us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
214000 USD
CY2016Q2 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-258000 USD
us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-525000 USD
us-gaap Interest Paid Net
InterestPaidNet
0 USD
us-gaap Interest Paid Net
InterestPaidNet
609000 USD
CY2015Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
78222000 USD
CY2016Q2 us-gaap Inventory Finished Goods
InventoryFinishedGoods
72363000 USD
CY2015Q4 us-gaap Inventory Net
InventoryNet
122366000 USD
CY2016Q2 us-gaap Inventory Net
InventoryNet
119141000 USD
CY2016Q2 us-gaap Inventory Raw Materials
InventoryRawMaterials
29203000 USD
CY2015Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
29290000 USD
CY2014Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
2539000 USD
CY2015Q2 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
2898000 USD
CY2015Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
3045000 USD
CY2016Q2 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
3549000 USD
CY2015Q4 us-gaap Lines Of Credit Current
LinesOfCreditCurrent
50000000 USD
CY2016Q2 us-gaap Inventory Work In Process
InventoryWorkInProcess
7532000 USD
us-gaap Inventory Write Down
InventoryWriteDown
1617000 USD
us-gaap Inventory Write Down
InventoryWriteDown
1705000 USD
CY2015Q4 us-gaap Liabilities
Liabilities
237312000 USD
CY2016Q2 us-gaap Liabilities
Liabilities
231927000 USD
CY2015Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
495220000 USD
CY2016Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
506692000 USD
CY2015Q4 us-gaap Liabilities Current
LiabilitiesCurrent
215124000 USD
CY2016Q2 us-gaap Liabilities Current
LiabilitiesCurrent
208808000 USD
CY2016Q2 us-gaap Lines Of Credit Current
LinesOfCreditCurrent
43000000 USD
CY2016Q2 us-gaap Lines Of Credit Current
LinesOfCreditCurrent
42987000 USD
us-gaap Maximum Remaining Maturity Of Foreign Currency Derivatives1
MaximumRemainingMaturityOfForeignCurrencyDerivatives1
P9M
CY2015Q4 us-gaap Minority Interest
MinorityInterest
299000 USD
CY2016Q2 us-gaap Minority Interest
MinorityInterest
0 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-19936000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-5374000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-16907000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-18934000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
5942000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
23251000 USD
CY2015Q2 us-gaap Net Income Loss
NetIncomeLoss
8375000 USD
us-gaap Net Income Loss
NetIncomeLoss
13564000 USD
CY2016Q2 us-gaap Net Income Loss
NetIncomeLoss
6590000 USD
us-gaap Net Income Loss
NetIncomeLoss
9311000 USD
CY2015Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0 USD
CY2016Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
8000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
30000 USD
us-gaap Noncontrolling Interest Decrease From Deconsolidation
NoncontrollingInterestDecreaseFromDeconsolidation
329000 USD
CY2015Q4 us-gaap Noncurrent Assets
NoncurrentAssets
95380000 USD
CY2016Q2 us-gaap Noncurrent Assets
NoncurrentAssets
103300000 USD
CY2015Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
10400000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
16503000 USD
CY2016Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
7969000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
11010000 USD
CY2015Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
21466000 USD
CY2016Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
22937000 USD
CY2015Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
5365000 USD
CY2016Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
5170000 USD
CY2015Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
1098000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
-3160000 USD
CY2016Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
-2686000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
-1318000 USD
CY2015Q4 us-gaap Other Employee Related Liabilities Current
OtherEmployeeRelatedLiabilitiesCurrent
1537000 USD
CY2016Q2 us-gaap Other Employee Related Liabilities Current
OtherEmployeeRelatedLiabilitiesCurrent
1231000 USD
CY2015Q4 us-gaap Other Inventory
OtherInventory
12228000 USD
CY2016Q2 us-gaap Other Inventory
OtherInventory
13592000 USD
CY2015Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
1917000 USD
CY2016Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
1847000 USD
CY2015Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
56000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
286000 USD
CY2016Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
671000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
1391000 USD
CY2015Q4 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
4040000 USD
CY2016Q2 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
3767000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
34297000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1944000 USD
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
1252000 USD
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
993000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
15655000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
17989000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
24.77
CY2015Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2016Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2015Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000 shares
CY2016Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000 shares
CY2015Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2016Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2015Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2016Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2015Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2016Q2 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2015Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
6217000 USD
CY2016Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
6553000 USD
us-gaap Proceeds From Divestiture Of Interest In Consolidated Subsidiaries
ProceedsFromDivestitureOfInterestInConsolidatedSubsidiaries
0 USD
us-gaap Proceeds From Divestiture Of Interest In Consolidated Subsidiaries
ProceedsFromDivestitureOfInterestInConsolidatedSubsidiaries
48000 USD
us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
19500000 USD
us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
57987000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
1648000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
2536000 USD
CY2014Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
353000 USD
CY2015Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
24000 USD
CY2015Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
35000 USD
CY2016Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
35000 USD
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
329000 USD
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
0 USD
us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
0 USD
us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
0 USD
CY2015Q2 us-gaap Profit Loss
ProfitLoss
8375000 USD
us-gaap Profit Loss
ProfitLoss
13564000 USD
CY2016Q2 us-gaap Profit Loss
ProfitLoss
6598000 USD
us-gaap Profit Loss
ProfitLoss
9341000 USD
CY2015Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
90015000 USD
CY2016Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
98130000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
138000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
116000 USD
CY2015Q4 us-gaap Receivables Net Current
ReceivablesNetCurrent
121801000 USD
CY2016Q2 us-gaap Receivables Net Current
ReceivablesNetCurrent
132125000 USD
us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
7500000 USD
us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
65000000 USD
CY2015Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
4096000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
8530000 USD
CY2016Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
5151000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
10337000 USD
CY2015Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
4623000 USD
CY2016Q2 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
4623000 USD
CY2015Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
255240000 USD
CY2016Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
264551000 USD
CY2015Q4 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
3170000 USD
CY2016Q2 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
2783000 USD
CY2015Q2 us-gaap Sales Revenue Net
SalesRevenueNet
147551000 USD
us-gaap Sales Revenue Net
SalesRevenueNet
280256000 USD
CY2016Q2 us-gaap Sales Revenue Net
SalesRevenueNet
170986000 USD
us-gaap Sales Revenue Net
SalesRevenueNet
321644000 USD
CY2015Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
25784000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
52656000 USD
CY2016Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
30336000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
59756000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
3983000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
4970000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
2000 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
56.69
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
38000 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
51.78
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
225000 shares
CY2016Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
218000 shares
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
51.31
CY2016Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
52.25
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
43000 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
46.73
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
CY2016Q2 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
0.4138
CY2015Q2 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
0.0138
CY2016Q2 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
0.0136
CY2016Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
462000 shares
CY2016Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
28.13
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
3619000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
0 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
244000 shares
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
CY2016Q2 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
17.96
CY2016Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
27606000 USD
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
648000 shares
CY2016Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
788000 shares
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
30.50
CY2016Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
37.22
CY2016Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber
788000 shares
CY2016Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
27597000 USD
CY2016Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
37.22
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
24.44
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
0.00
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
49.67
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
P4Y6M22D
CY2016Q2 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
P4Y6M18D
CY2016Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
20376000 USD
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P4Y4M2D
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P5Y1M17D
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P5Y1M17D
CY2016Q2 us-gaap Significant Change In Unrecognized Tax Benefits Is Reasonably Possible Amount Of Unrecorded Benefit
SignificantChangeInUnrecognizedTaxBenefitsIsReasonablyPossibleAmountOfUnrecordedBenefit
100000 USD
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
104000 shares
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
551000 USD
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
2536000 USD
CY2016Q2 us-gaap Stock Repurchase Program Remaining Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramRemainingNumberOfSharesAuthorizedToBeRepurchased
375000 shares
CY2015Q4 us-gaap Stockholders Equity
StockholdersEquity
257609000 USD
CY2016Q2 us-gaap Stockholders Equity
StockholdersEquity
274765000 USD
CY2015Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
257908000 USD
CY2016Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
274765000 USD
CY2015Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
8824768 shares
CY2016Q2 us-gaap Treasury Stock Shares
TreasuryStockShares
8861097 shares
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
648708 shares
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
36329 shares
CY2015Q4 us-gaap Treasury Stock Value
TreasuryStockValue
210333000 USD
CY2016Q2 us-gaap Treasury Stock Value
TreasuryStockValue
212277000 USD
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
34297000 USD
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
1944000 USD
CY2016Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
3700000 USD
CY2015Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
200000 USD
CY2016Q2 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
200000 USD
CY2016Q2 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
2000000 USD
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
CY2016Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
295000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
280000 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
CY2016Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
14735000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
14686000 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
CY2016Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
14440000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
14406000 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 for impairment of long-lived assets, intangible assets and goodwill, business combinations, income taxes, stock-based compensation expense and performance-based common stock warrants. 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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