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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2015
Dec. 31, 2014
CURRENT ASSETS:    
Cash and cash equivalents $ 97,513 $ 45,418
Short-term investments 297,981 243,088
Accounts receivable 24,729 22,075
Inventory 12,748 37,109
Deferred income taxes 12,326 18,459
Other current assets 2,387 4,356
Total current assets 447,684 370,505
PROPERTY AND EQUIPMENT, net of accumulated depreciation of $27,897 and $24,813 22,407 19,922
ACQUIRED TECHNOLOGY, net of accumulated amortization of $54,837 and $43,838 72,015 83,014
INVESTMENTS 2,187 3,047
DEFERRED INCOME TAXES 14,945 12,934
OTHER ASSETS 174 425
TOTAL ASSETS 559,412 489,847
CURRENT LIABILITIES:    
Accounts payable 6,849 9,260
Accrued expenses 17,387 14,986
Deferred revenue 10,107 2,466
Other current liabilities 167 111
Total current liabilities 34,510 26,823
DEFERRED REVENUE 35,543 3,366
RETIREMENT PLAN BENEFIT LIABILITY 22,594 10,916
Total liabilities $ 92,647 $ 41,105
COMMITMENTS AND CONTINGENCIES (Note 14)
SHAREHOLDERS' EQUITY:    
Preferred Stock, par value $0.01 per share, 5,000,000 shares authorized, 200,000 shares of Series A Nonconvertible Preferred Stock issued and outstanding (liquidation value of $7.50 per share or $1,500) $ 2 $ 2
Common Stock, par value $0.01 per share, 100,000,000 shares authorized, 48,132,223 and 47,061,826 shares issued at December 31, 2015 and 2014, respectively 482 471
Additional paid-in capital 589,885 581,114
Accumulated deficit (73,627) (88,305)
Accumulated other comprehensive loss (9,819) (4,382)
Treasury stock, at cost (1,357,863 shares at December 31, 2015 and 2014) (40,158) (40,158)
Total shareholders’ equity 466,765 448,742
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 559,412 $ 489,847