2016 Q2 Form 10-K Financial Statement

#000089541916000167 Filed on August 25, 2016

View on sec.gov

Income Statement

Concept 2016 Q2 2016 2015 Q2
Revenue $388.4M $1.617B $382.2M
YoY Change 1.64% -0.97% -12.41%
Cost Of Revenue $275.4M $1.130B $305.5M
YoY Change -9.85% -2.51% 11.47%
Gross Profit $113.0M $487.1M $76.69M
YoY Change 47.38% 2.78% -52.74%
Gross Profit Margin 29.1% 30.13% 20.07%
Selling, General & Admin $68.60M $283.1M $76.80M
YoY Change -10.68% -2.64% 8.32%
% of Gross Profit 60.7% 58.11% 100.14%
Research & Development $41.50M $168.8M $45.30M
YoY Change -8.39% -7.63% -6.79%
% of Gross Profit 36.72% 34.67% 59.07%
Depreciation & Amortization $39.20M $159.1M $42.10M
YoY Change -6.89% -8.18% -3.88%
% of Gross Profit 34.68% 32.67% 54.9%
Operating Expenses $117.4M $497.5M $128.5M
YoY Change -8.64% -9.12% -0.85%
Operating Profit -$4.377M -$10.47M -$51.81M
YoY Change -91.55% -85.76% -258.61%
Interest Expense $900.0K -$13.49M -$14.50M
YoY Change -106.21% 22.65% -539.39%
% of Operating Profit
Other Income/Expense, Net $100.0K -$13.04M $300.0K
YoY Change -66.67% 25.47% -50.0%
Pretax Income -$3.800M -$45.28M -$110.1M
YoY Change -96.55% 8.86% -418.21%
Income Tax $6.900M -$1.970M -$22.00M
% Of Pretax Income
Net Earnings -$10.64M -$21.54M -$88.10M
YoY Change -87.92% -66.71% -395.15%
Net Earnings / Revenue -2.74% -1.33% -23.05%
Basic Earnings Per Share -$0.11 -$0.21 -$0.83
Diluted Earnings Per Share -$0.11 -$0.21 -$0.83
COMMON SHARES
Basic Shares Outstanding 100.9M shares 101.8M shares 109.1M shares
Diluted Shares Outstanding 101.8M shares

Balance Sheet

Concept 2016 Q2 2016 2015 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $605.3M $605.3M $713.2M
YoY Change -15.13% -15.13% -38.65%
Cash & Equivalents $166.2M $166.2M $139.7M
Short-Term Investments $439.2M $439.2M $573.5M
Other Short-Term Assets $44.79M $75.95M $54.85M
YoY Change -18.35% -40.81% 11.31%
Inventory $303.5M $303.5M $280.6M
Prepaid Expenses $26.81M $29.93M
Receivables $165.6M $165.6M $186.2M
Other Receivables $6.300M $6.304M $0.00
Total Short-Term Assets $1.157B $1.157B $1.308B
YoY Change -11.58% -11.59% -26.25%
LONG-TERM ASSETS
Property, Plant & Equipment $599.7M $599.7M $635.1M
YoY Change -5.57% -5.57% 4.85%
Goodwill $618.8M $616.3M
YoY Change 0.4% 0.0%
Intangibles $302.8M $310.7M
YoY Change -2.55% -7.64%
Long-Term Investments $40.20M $40.18M $57.60M
YoY Change -30.21% -30.24%
Other Assets $9.249M $47.81M $11.09M
YoY Change -16.61% 139.07% -7.55%
Total Long-Term Assets $1.609B $1.609B $1.640B
YoY Change -1.86% -1.85% 4.41%
TOTAL ASSETS
Total Short-Term Assets $1.157B $1.157B $1.308B
Total Long-Term Assets $1.609B $1.609B $1.640B
Total Assets $2.766B $2.766B $2.948B
YoY Change -6.17% -6.17% -11.85%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $132.3M $132.3M $163.1M
YoY Change -18.88% -18.89% -19.38%
Accrued Expenses $90.70M $90.71M $89.60M
YoY Change 1.23% 1.24% 0.11%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $223.0M $223.0M $254.8M
YoY Change -12.48% -12.48% -16.91%
LONG-TERM LIABILITIES
Long-Term Debt $160.0M $160.0M $200.0M
YoY Change -20.0% -20.0%
Other Long-Term Liabilities $14.29M $14.29M $21.08M
YoY Change -32.2% -32.26% -40.43%
Total Long-Term Liabilities $175.2M $174.3M $231.3M
YoY Change -24.24% -21.17% 386.24%
TOTAL LIABILITIES
Total Short-Term Liabilities $223.0M $223.0M $254.8M
Total Long-Term Liabilities $175.2M $174.3M $231.3M
Total Liabilities $398.2M $398.2M $486.1M
YoY Change -18.07% -18.08% 37.22%
SHAREHOLDERS EQUITY
Retained Earnings -$613.0K $170.5M
YoY Change -100.36% -78.38%
Common Stock $2.360B $2.286B
YoY Change 3.24% 4.36%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.368B $2.368B $2.462B
YoY Change
Total Liabilities & Shareholders Equity $2.766B $2.766B $2.948B
YoY Change -6.17% -6.17% -11.85%

Cashflow Statement

Concept 2016 Q2 2016 2015 Q2
OPERATING ACTIVITIES
Net Income -$10.64M -$21.54M -$88.10M
YoY Change -87.92% -66.71% -395.15%
Depreciation, Depletion And Amortization $39.20M $159.1M $42.10M
YoY Change -6.89% -8.18% -3.88%
Cash From Operating Activities $64.50M $203.3M $87.60M
YoY Change -26.37% 12.17% -3.84%
INVESTING ACTIVITIES
Capital Expenditures $23.80M $120.0M $52.90M
YoY Change -55.01% -41.78% -17.73%
Acquisitions $12.51M
YoY Change
Other Investing Activities $66.60M $126.6M -$100.0K
YoY Change -66700.0% -39.59% -100.13%
Cash From Investing Activities $42.80M -$7.903M -$52.80M
YoY Change -181.06% -51.03% -452.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $149.6M
YoY Change -72.79%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -56.70M -$167.9M -99.80M
YoY Change -43.19% -46.09% 13.02%
NET CHANGE
Cash From Operating Activities 64.50M $203.3M 87.60M
Cash From Investing Activities 42.80M -$7.903M -52.80M
Cash From Financing Activities -56.70M -$167.9M -99.80M
Net Change In Cash 50.60M $27.55M -65.00M
YoY Change -177.85% -118.84% -465.17%
FREE CASH FLOW
Cash From Operating Activities $64.50M $203.3M $87.60M
Capital Expenditures $23.80M $120.0M $52.90M
Free Cash Flow $40.70M $83.30M $34.70M
YoY Change 17.29% -434.45% 29.48%

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1911000 USD
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23739000 USD
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143000 USD
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11257000 USD
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9291000 USD
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935000 USD
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18603000 USD
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139710000 USD
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0.00125
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-18606000 USD
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15700000 USD
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24243000 USD
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3721000 USD
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1029885000 USD
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292111000 USD
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276637000 USD
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284371000 USD
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305467000 USD
CY2015 us-gaap Cost Of Goods Sold
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1158586000 USD
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294916000 USD
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301361000 USD
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257886000 USD
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275390000 USD
CY2016 us-gaap Cost Of Goods Sold
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1129553000 USD
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1029885000 USD
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3423000 USD
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5347000 USD
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15371000 USD
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7278000 USD
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20670000 USD
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1876000 USD
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1242000 USD
CY2016 us-gaap Current State And Local Tax Expense Benefit
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1244000 USD
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0.0095
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0.0114
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3003000 USD
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-12754000 USD
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12340000 USD
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2371000 USD
CY2015 us-gaap Deferred Income Tax Expense Benefit
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-21346000 USD
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-15839000 USD
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86452000 USD
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2371000 USD
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-21346000 USD
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-15839000 USD
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4850000 USD
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114950000 USD
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19656000 USD
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39190000 USD
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22700000 USD
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2034000 USD
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2573000 USD
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CY2016Q2 us-gaap Deferred Tax Assets Tax Credit Carryforwards Research
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8802000 USD
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1864000 USD
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3176000 USD
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40291000 USD
CY2016Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
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48191000 USD
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953000 USD
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872000 USD
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8266000 USD
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6615000 USD
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5042000 USD
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8013000 USD
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57819000 USD
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69355000 USD
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1527000 USD
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505000 USD
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2445000 USD
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13337000 USD
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9549000 USD
CY2014 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
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6300000 USD
CY2015 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
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6900000 USD
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7000000 USD
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125300000 USD
CY2015 us-gaap Depreciation
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CY2016 us-gaap Depreciation
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164010000 USD
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173323000 USD
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159145000 USD
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4353000 USD
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4347000 USD
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0
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1.00
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0.09
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0.10
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0
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170000 USD
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-878000 USD
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-1110000 USD
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0.16
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EffectiveIncomeTaxRateContinuingOperations
0.23
CY2016 us-gaap Effective Income Tax Rate Continuing Operations
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0.08
CY2014 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.35
CY2015 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.35
CY2016 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.35
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-0.18
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0.01
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0.00
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-0.04
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0.08
CY2015 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Investment
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-0.08
CY2014 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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0.00
CY2015 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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0.00
CY2016 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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-0.39
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0.12
CY2015 us-gaap Effective Income Tax Rate Reconciliation Deductions
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0
CY2016 us-gaap Effective Income Tax Rate Reconciliation Deductions
EffectiveIncomeTaxRateReconciliationDeductions
0.00
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0.01
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-0.01
CY2016 us-gaap Effective Income Tax Rate Reconciliation Deductions Qualified Production Activities
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0.00
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-0.10
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-0.22
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-0.12
CY2014 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
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0.01
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-0.04
CY2016 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
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-0.06
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0.01
CY2015 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
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-0.01
CY2016 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
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-0.06
CY2014 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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0.02
CY2015 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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0.01
CY2016 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.03
CY2014 us-gaap Effective Income Tax Rate Reconciliation Tax Contingencies
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0.11
CY2015 us-gaap Effective Income Tax Rate Reconciliation Tax Contingencies
EffectiveIncomeTaxRateReconciliationTaxContingencies
0.00
CY2016 us-gaap Effective Income Tax Rate Reconciliation Tax Contingencies
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0.00
CY2014 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Foreign
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0.00
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-0.01
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-0.01
CY2014 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
EffectiveIncomeTaxRateReconciliationTaxCreditsResearch
0.01
CY2015 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
EffectiveIncomeTaxRateReconciliationTaxCreditsResearch
-0.02
CY2016 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
EffectiveIncomeTaxRateReconciliationTaxCreditsResearch
-0.09
CY2014 us-gaap Effective Income Tax Rate Reconciliation Tax Exempt Income
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0.01
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-0.03
CY2016 us-gaap Effective Income Tax Rate Reconciliation Tax Exempt Income
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-0.09
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45415000 USD
CY2016Q2 us-gaap Employee Related Liabilities Current
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44642000 USD
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0.14
CY2014 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
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19235000 USD
CY2015 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
1395000 USD
CY2016 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
12000 USD
CY2014 us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
19235000 USD
CY2015 us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
1395000 USD
CY2016 us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
12000 USD
CY2016Q2 us-gaap Fair Value Assets Level1 To Level2 Transfers Amount
FairValueAssetsLevel1ToLevel2TransfersAmount
0 USD
CY2016Q2 us-gaap Fair Value Assets Level2 To Level1 Transfers Amount
FairValueAssetsLevel2ToLevel1TransfersAmount
0 USD
CY2015Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
229433000 USD
CY2016Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
256793000 USD
CY2016Q2 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
84430000 USD
CY2016Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
39068000 USD
CY2016Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
18026000 USD
CY2016Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
19402000 USD
CY2016Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
24674000 USD
CY2016Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
37530000 USD
CY2015Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
460482000 USD
CY2016Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
479923000 USD
CY2015Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
231049000 USD
CY2016Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
223130000 USD
CY2014 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
45000 USD
CY2015 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-929000 USD
CY2016 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-4500000 USD
CY2014 us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
0 USD
CY2015 us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
-347000 USD
CY2016 us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
-2057000 USD
CY2014 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
-2690000 USD
CY2015 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
-47722000 USD
CY2016 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
-16913000 USD
CY2016 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
1100000 USD
CY2014 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-1300000 USD
CY2015 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-44300000 USD
CY2016 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-10300000 USD
CY2015Q2 us-gaap Goodwill
Goodwill
616345000 USD
CY2016Q2 us-gaap Goodwill
Goodwill
618828000 USD
CY2016 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
2483000 USD
CY2014 us-gaap Gross Profit
GrossProfit
617756000 USD
CY2014Q3 us-gaap Gross Profit
GrossProfit
135561000 USD
CY2014Q4 us-gaap Gross Profit
GrossProfit
136520000 USD
CY2015Q1 us-gaap Gross Profit
GrossProfit
125148000 USD
CY2015Q2 us-gaap Gross Profit
GrossProfit
76690000 USD
CY2015 us-gaap Gross Profit
GrossProfit
473919000 USD
CY2015Q3 us-gaap Gross Profit
GrossProfit
130573000 USD
CY2015Q4 us-gaap Gross Profit
GrossProfit
134445000 USD
CY2016Q1 us-gaap Gross Profit
GrossProfit
109033000 USD
CY2016Q2 us-gaap Gross Profit
GrossProfit
113023000 USD
CY2016 us-gaap Gross Profit
GrossProfit
487074000 USD
CY2014 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
1400000 USD
CY2015 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
3400000 USD
CY2016 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
6700000 USD
CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
57867000 USD
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-41593000 USD
CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-45278000 USD
CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
88664000 USD
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
-42346000 USD
CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
21772000 USD
CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
146531000 USD
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-83939000 USD
CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-23506000 USD
CY2014 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
0 USD
CY2015 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-22624000 USD
CY2016 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-15357000 USD
CY2014 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
23041000 USD
CY2015 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-19247000 USD
CY2016 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-1970000 USD
CY2014 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
-20000 USD
CY2015 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
0 USD
CY2016 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
9286000 USD
CY2014 us-gaap Income Tax Reconciliation Deductions
IncomeTaxReconciliationDeductions
18475000 USD
CY2015 us-gaap Income Tax Reconciliation Deductions
IncomeTaxReconciliationDeductions
0 USD
CY2016 us-gaap Income Tax Reconciliation Deductions
IncomeTaxReconciliationDeductions
0 USD
CY2014 us-gaap Income Tax Reconciliation Deductions Qualified Production Activities
IncomeTaxReconciliationDeductionsQualifiedProductionActivities
2362000 USD
CY2015 us-gaap Income Tax Reconciliation Deductions Qualified Production Activities
IncomeTaxReconciliationDeductionsQualifiedProductionActivities
520000 USD
CY2016 us-gaap Income Tax Reconciliation Deductions Qualified Production Activities
IncomeTaxReconciliationDeductionsQualifiedProductionActivities
0 USD
CY2014 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
-14285000 USD
CY2015 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
18738000 USD
CY2016 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
2748000 USD
CY2014 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
51286000 USD
CY2015 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-29379000 USD
CY2016 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-8227000 USD
CY2014 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
2024000 USD
CY2015 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
2988000 USD
CY2016 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
1346000 USD
CY2014 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
2145000 USD
CY2015 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
1287000 USD
CY2016 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
1506000 USD
CY2014 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
2530000 USD
CY2015 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-817000 USD
CY2016 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-748000 USD
CY2014 us-gaap Income Tax Reconciliation Tax Contingencies
IncomeTaxReconciliationTaxContingencies
15411000 USD
CY2015 us-gaap Income Tax Reconciliation Tax Contingencies
IncomeTaxReconciliationTaxContingencies
-225000 USD
CY2016 us-gaap Income Tax Reconciliation Tax Contingencies
IncomeTaxReconciliationTaxContingencies
-80000 USD
CY2014 us-gaap Income Tax Reconciliation Tax Credits Foreign
IncomeTaxReconciliationTaxCreditsForeign
490000 USD
CY2015 us-gaap Income Tax Reconciliation Tax Credits Foreign
IncomeTaxReconciliationTaxCreditsForeign
389000 USD
CY2016 us-gaap Income Tax Reconciliation Tax Credits Foreign
IncomeTaxReconciliationTaxCreditsForeign
954000 USD
us-gaap Income Tax Reconciliation Tax Credits Investment
IncomeTaxReconciliationTaxCreditsInvestment
37200000 USD
CY2014 us-gaap Income Tax Reconciliation Tax Credits Investment
IncomeTaxReconciliationTaxCreditsInvestment
11310000 USD
CY2015 us-gaap Income Tax Reconciliation Tax Credits Investment
IncomeTaxReconciliationTaxCreditsInvestment
6826000 USD
CY2016 us-gaap Income Tax Reconciliation Tax Credits Investment
IncomeTaxReconciliationTaxCreditsInvestment
4334000 USD
CY2014 us-gaap Income Tax Reconciliation Tax Credits Other
IncomeTaxReconciliationTaxCreditsOther
1004000 USD
CY2015 us-gaap Income Tax Reconciliation Tax Credits Other
IncomeTaxReconciliationTaxCreditsOther
585000 USD
CY2015Q2 us-gaap Inventory Net
InventoryNet
280576000 USD
CY2016Q2 us-gaap Inventory Net
InventoryNet
303542000 USD
CY2015Q2 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
86331000 USD
CY2016Q2 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
83299000 USD
CY2016 us-gaap Income Tax Reconciliation Tax Credits Other
IncomeTaxReconciliationTaxCreditsOther
269000 USD
CY2014 us-gaap Income Tax Reconciliation Tax Credits Research
IncomeTaxReconciliationTaxCreditsResearch
1574000 USD
CY2015 us-gaap Income Tax Reconciliation Tax Credits Research
IncomeTaxReconciliationTaxCreditsResearch
2081000 USD
CY2016 us-gaap Income Tax Reconciliation Tax Credits Research
IncomeTaxReconciliationTaxCreditsResearch
2138000 USD
CY2014 us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
815000 USD
CY2015 us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
2413000 USD
CY2016 us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
2019000 USD
CY2014 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
10292000 USD
CY2015 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
28834000 USD
CY2016 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
14722000 USD
CY2015Q2 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
0 USD
CY2016Q2 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
6304000 USD
CY2014 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
66297000 USD
CY2015 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
-44796000 USD
CY2016 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
-12090000 USD
CY2014 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
32651000 USD
CY2015 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-37853000 USD
CY2016 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-21800000 USD
CY2014 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
87012000 USD
CY2015 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-3528000 USD
CY2016 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
23269000 USD
CY2014 us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
16378000 USD
CY2015 us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
-31507000 USD
CY2016 us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
-11355000 USD
CY2014 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-7926000 USD
CY2015 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
11112000 USD
CY2016 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-8103000 USD
CY2015Q2 us-gaap Indefinite Lived Trade Names
IndefiniteLivedTradeNames
79680000 USD
CY2016Q2 us-gaap Indefinite Lived Trade Names
IndefiniteLivedTradeNames
79680000 USD
CY2015Q2 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
540162000 USD
CY2016Q2 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
559603000 USD
CY2015Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
310729000 USD
CY2016Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
302810000 USD
CY2014 us-gaap Interest Paid
InterestPaid
0 USD
CY2015 us-gaap Interest Paid
InterestPaid
1002000 USD
CY2016 us-gaap Interest Paid
InterestPaid
3110000 USD
CY2015Q2 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
100821000 USD
CY2016Q2 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
123464000 USD
CY2015Q2 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
93424000 USD
CY2016Q2 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
96779000 USD
CY2014 us-gaap Inventory Write Down
InventoryWriteDown
5200000 USD
CY2015 us-gaap Inventory Write Down
InventoryWriteDown
15200000 USD
CY2016 us-gaap Inventory Write Down
InventoryWriteDown
3600000 USD
CY2014 us-gaap Investment Income Dividend
InvestmentIncomeDividend
0 USD
CY2015 us-gaap Investment Income Dividend
InvestmentIncomeDividend
2581000 USD
CY2016 us-gaap Investment Income Dividend
InvestmentIncomeDividend
1655000 USD
CY2014 us-gaap Investment Income Net
InvestmentIncomeNet
11932000 USD
CY2015 us-gaap Investment Income Net
InvestmentIncomeNet
9086000 USD
CY2016 us-gaap Investment Income Net
InvestmentIncomeNet
4472000 USD
CY2014 us-gaap Investment Income Net Amortization Of Discount And Premium
InvestmentIncomeNetAmortizationOfDiscountAndPremium
-10158000 USD
CY2015 us-gaap Investment Income Net Amortization Of Discount And Premium
InvestmentIncomeNetAmortizationOfDiscountAndPremium
-6152000 USD
CY2016 us-gaap Investment Income Net Amortization Of Discount And Premium
InvestmentIncomeNetAmortizationOfDiscountAndPremium
-5314000 USD
CY2015Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
2948033000 USD
CY2016Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
2766060000 USD
CY2015Q2 us-gaap Liabilities Current
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254786000 USD
CY2016Q2 us-gaap Liabilities Current
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222999000 USD
CY2015Q2 us-gaap Liabilities Noncurrent
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231295000 USD
CY2016Q2 us-gaap Liabilities Noncurrent
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175237000 USD
CY2016Q2 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
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500000000 USD
CY2015Q1 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
150000000 USD
CY2016Q2 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
340000000 USD
CY2015 us-gaap Line Of Credit Facility Unused Capacity Commitment Fee Percentage
LineOfCreditFacilityUnusedCapacityCommitmentFeePercentage
0.0009
CY2016 us-gaap Line Of Credit Facility Unused Capacity Commitment Fee Percentage
LineOfCreditFacilityUnusedCapacityCommitmentFeePercentage
0.0009
CY2015Q2 us-gaap Long Term Investments
LongTermInvestments
57595000 USD
CY2016Q2 us-gaap Long Term Investments
LongTermInvestments
40179000 USD
CY2015Q2 us-gaap Long Term Line Of Credit
LongTermLineOfCredit
200000000 USD
CY2016Q2 us-gaap Long Term Line Of Credit
LongTermLineOfCredit
160000000 USD
CY2014 us-gaap Net Cash Provided By Used In Financing Activities
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19542000 USD
CY2015 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-311353000 USD
CY2016 us-gaap Net Cash Provided By Used In Financing Activities
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-167859000 USD
CY2014 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-242265000 USD
CY2015 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-16137000 USD
CY2016 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-7903000 USD
CY2014 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
319308000 USD
CY2015 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
181254000 USD
CY2016 us-gaap Net Cash Provided By Used In Operating Activities
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203316000 USD
CY2014 us-gaap Net Income Loss
NetIncomeLoss
123490000 USD
CY2014Q3 us-gaap Net Income Loss
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10955000 USD
CY2014Q4 us-gaap Net Income Loss
NetIncomeLoss
11977000 USD
CY2015Q1 us-gaap Net Income Loss
NetIncomeLoss
476000 USD
CY2015Q2 us-gaap Net Income Loss
NetIncomeLoss
-88100000 USD
CY2015 us-gaap Net Income Loss
NetIncomeLoss
-64692000 USD
CY2015Q3 us-gaap Net Income Loss
NetIncomeLoss
-24489000 USD
CY2015Q4 us-gaap Net Income Loss
NetIncomeLoss
13442000 USD
CY2016Q1 us-gaap Net Income Loss
NetIncomeLoss
152000 USD
CY2016Q2 us-gaap Net Income Loss
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-10641000 USD
CY2016 us-gaap Net Income Loss
NetIncomeLoss
-21536000 USD
CY2014 us-gaap Nonoperating Income Expense
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13295000 USD
CY2015 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-10389000 USD
CY2016 us-gaap Nonoperating Income Expense
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-13035000 USD
CY2016 us-gaap Number Of Operating Segments
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3 operating_segments
CY2016 us-gaap Number Of Reportable Segments
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3 reportable_segments
CY2014 us-gaap Operating Expenses
OperatingExpenses
484520000 USD
CY2015 us-gaap Operating Expenses
OperatingExpenses
547469000 USD
CY2016 us-gaap Operating Expenses
OperatingExpenses
497545000 USD
CY2014 us-gaap Operating Income Loss
OperatingIncomeLoss
133236000 USD
CY2015 us-gaap Operating Income Loss
OperatingIncomeLoss
-73550000 USD
CY2016 us-gaap Operating Income Loss
OperatingIncomeLoss
-10471000 USD
CY2016Q2 us-gaap Operating Leases Future Minimum Payments Due
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11359000 USD
CY2016Q2 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
4850000 USD
CY2016Q2 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
577000 USD
CY2016Q2 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
1269000 USD
CY2016Q2 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
1663000 USD
CY2016Q2 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
2974000 USD
CY2016Q2 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
26000 USD
CY2014 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
5800000 USD
CY2015 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
8200000 USD
CY2016 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
6600000 USD
CY2015Q2 us-gaap Other Accrued Liabilities Current
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7087000 USD
CY2016Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
5164000 USD
CY2015Q2 us-gaap Other Assets Current
OtherAssetsCurrent
54851000 USD
CY2016Q2 us-gaap Other Assets Current
OtherAssetsCurrent
44788000 USD
CY2015Q2 us-gaap Other Assets Noncurrent
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11091000 USD
CY2016Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
9249000 USD
CY2014 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
57000 USD
CY2015 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
-3563000 USD
CY2016 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
-362000 USD
CY2014 us-gaap Other Comprehensive Income Foreign Currency Translation Gain Loss Arising During Period Tax
OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax
0 USD
CY2015 us-gaap Other Comprehensive Income Foreign Currency Translation Gain Loss Arising During Period Tax
OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax
0 USD
CY2016 us-gaap Other Comprehensive Income Foreign Currency Translation Gain Loss Arising During Period Tax
OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax
0 USD
CY2014 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
3104000 USD
CY2015 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-2044000 USD
CY2016 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
3292000 USD
CY2014 us-gaap Other Comprehensive Income Loss Available For Sale Securities Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax
1946000 USD
CY2015 us-gaap Other Comprehensive Income Loss Available For Sale Securities Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax
-1284000 USD
CY2016 us-gaap Other Comprehensive Income Loss Available For Sale Securities Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax
1936000 USD
CY2014 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
3161000 USD
CY2015 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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CY2016 us-gaap Repayments Of Long Term Lines Of Credit
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CY2016 us-gaap Research And Development Expense
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CY2016 us-gaap Restructuring Charges
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0
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CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
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0.445
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0.452
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
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0.433
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0.0116
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0.0117
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17700000 USD
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2291000 shares
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
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0.0118
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67044000 USD
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
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CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
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838000 USD
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19.31
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
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15.27
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
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8.79
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6842000 shares
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11247000 shares
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P3Y9M18D
CY2015 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
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P3Y6M15D
CY2016 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
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P3Y7M28D
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41.75
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40.42
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P3Y11M9D
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4300000 USD
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4512000 USD
CY2015 us-gaap Standard Product Warranty Accrual Payments
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7514000 USD
CY2016 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
18059000 USD
CY2014 us-gaap Standard Product Warranty Accrual Preexisting Increase Decrease
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907000 USD
CY2015 us-gaap Standard Product Warranty Accrual Preexisting Increase Decrease
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0 USD
CY2016 us-gaap Standard Product Warranty Accrual Preexisting Increase Decrease
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0 USD
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CY2015 us-gaap Stock Issued During Period Value New Issues
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us-gaap Stock Repurchased And Retired During Period Shares
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34200000 shares
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5800000 shares
us-gaap Stock Repurchased And Retired During Period Value
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1000000000 USD
CY2014 us-gaap Stock Repurchased And Retired During Period Value
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CY2015 us-gaap Stock Repurchased And Retired During Period Value
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12720000 USD
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29.34
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25.78
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255000000 USD
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0 USD
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-22624000 USD
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-15357000 USD
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CY2016Q2 us-gaap Unrecognized Tax Benefits
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17727000 USD
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CY2015 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
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407000 USD
CY2016 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
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530000 USD
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10000 USD
CY2016Q2 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
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-5000 USD
CY2014 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
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-51000 USD
CY2015 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
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-94000 USD
CY2016 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
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-15000 USD
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18040000 USD
CY2015 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
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0 USD
CY2016 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
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617000 USD
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1642000 USD
CY2015 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
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187000 USD
CY2016 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
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155000 USD
CY2015 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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0 shares
CY2016 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
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CY2015 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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113022000 shares
CY2016 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
101783000 shares
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120623000 shares
CY2015 us-gaap Weighted Average Number Of Shares Outstanding Basic
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113022000 shares
CY2016 us-gaap Weighted Average Number Of Shares Outstanding Basic
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101783000 shares
CY2016 us-gaap Fiscal Period
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:8px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Fiscal Year</font></div><div style="line-height:120%;padding-top:8px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company&#8217;s fiscal year is a </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">52</font><font style="font-family:inherit;font-size:10pt;"> or </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">53</font><font style="font-family:inherit;font-size:10pt;">-week period ending on the last Sunday in the month of June. The Company&#8217;s </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2016</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;">2015</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2014</font><font style="font-family:inherit;font-size:10pt;"> fiscal years were </font><font style="font-family:inherit;font-size:10pt;">52</font><font style="font-family:inherit;font-size:10pt;">-week fiscal years. The Company&#8217;s </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2017</font><font style="font-family:inherit;font-size:10pt;"> fiscal year will be a </font><font style="font-family:inherit;font-size:10pt;">52</font><font style="font-family:inherit;font-size:10pt;">-week fiscal year.</font></div></div>
CY2016 us-gaap Nature Of Operations
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Business</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Cree, Inc. (the Company) is a leading innovator of lighting-class light emitting diode (LED) products, lighting products and wide bandgap semiconductor products for power and radio-frequency (RF) applications. The Company's products are targeted for applications such as indoor and outdoor lighting, video displays, transportation, electronic signs and signals, power supplies, inverters and wireless systems.</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company's lighting products primarily consist of LED lighting systems and bulbs. The Company designs, manufactures and sells lighting fixtures and lamps for the commercial, industrial and consumer markets.</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company's LED products consist of LED components, LED chips and silicon carbide (SiC) materials. The Company's success in selling LED products depends upon its ability to offer innovative products and to enable its customers to develop and market LED-based products that successfully compete against other LED-based products and drive LED adoption against traditional lighting products.</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In addition, the Company develops, manufactures and sells power and RF devices based on wide bandgap semiconductor materials such as SiC and gallium nitride (GaN). The Company's power products are made from SiC and provide increased efficiency, faster switching speeds and reduced system size and weight over comparable silicon-based power devices. The Company's RF devices are made from GaN and provide improved efficiency, bandwidth and frequency of operation as compared to silicon or gallium arsenide (GaAs).</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">As discussed more fully below in Note 19, &#8220;Subsequent Event,&#8221; on July 13, 2016, the Company executed a definitive agreement to sell its Power and RF Products segment and certain related portions of its SiC materials and gemstones business included within its LED Products segment (the Company refers to the business that it is selling, collectively, as the Wolfspeed business) to Infineon Technologies AG (Infineon). </font></div><div style="line-height:120%;padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The majority of the Company's products are manufactured at its production facilities located in North Carolina, Wisconsin and China. The Company also uses contract manufacturers for certain products and aspects of product fabrication, assembly and packaging. The Company operates research and development facilities in North Carolina, California, Wisconsin, India, Italy and China (including Hong Kong).</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Cree, Inc. is a North Carolina corporation established in 1987 and is headquartered in Durham, North Carolina.</font></div><div style="line-height:120%;padding-top:8px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company's </font><font style="font-family:inherit;font-size:10pt;">three</font><font style="font-family:inherit;font-size:10pt;"> reportable segments are:</font></div><table cellpadding="0" cellspacing="0" style="padding-top:8px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:72px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:48px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Lighting Products</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:8px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:72px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:48px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">LED Products</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:8px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:72px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:48px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Power and RF Products</font></div></td></tr></table><div style="line-height:120%;text-align:justify;text-indent:29px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-top:8px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">For financial results by reportable segment, please refer to Note </font><font style="font-family:inherit;font-size:10pt;">14</font><font style="font-family:inherit;font-size:10pt;">, &#8220;Reportable Segments.&#8221;</font></div></div>
CY2016 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:8px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Reclassifications</font></div><div style="line-height:120%;padding-top:8px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Certain prior period amounts in the accompanying consolidated financial statements have been reclassified to conform to the current year presentation. These reclassifications had no effect on previously reported net income or shareholders&#8217; equity.</font></div></div>
CY2016 us-gaap Revenue Recognition Accounting Policy Gross And Net Revenue Disclosure
RevenueRecognitionAccountingPolicyGrossAndNetRevenueDisclosure
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:8px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Sales Taxes</font></div><div style="line-height:120%;padding-top:8px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company presents sales taxes collected from customers and remitted to governmental authorities on a net basis (i.e. excluded from revenue and expenses).</font></div></div>
CY2016 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:8px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Use of Estimates</font></div><div style="line-height:120%;padding-top:8px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States of America (U.S. GAAP) requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenue and expenses, and the disclosure of contingent assets and liabilities. The Company evaluates its estimates on an ongoing basis, including those related to revenue recognition, product warranty obligations, valuation of inventories, tax related contingencies, valuation of stock-based compensation, valuation of long-lived and intangible assets, other contingencies and litigation, among others. The Company generally bases its estimates on historical experience and on various other assumptions that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results could differ materially from those estimates.</font></div><div style="line-height:120%;padding-top:8px;text-align:justify;text-indent:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></div>

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