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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2016
Dec. 31, 2015
CURRENT ASSETS:    
Cash and cash equivalents $ 54,416 $ 97,513
Short-term investments 231,452 297,981
Accounts receivable 22,476 24,729
Inventory 16,103 12,748
Deferred income taxes 10,084 12,326
Other current assets 7,499 2,387
Total current assets 342,030 447,684
PROPERTY AND EQUIPMENT, net of accumulated depreciation of $30,899 and $27,897 25,768 22,407
ACQUIRED TECHNOLOGY, net of accumulated amortization of $65,565 and $54,837 157,276 72,015
OTHER INTANGIBLE ASSETS, net of accumulated amortization of $311 and none 16,139  
GOODWILL 15,548  
INVESTMENTS 15,217 2,187
DEFERRED INCOME TAXES 12,352 14,945
OTHER ASSETS 423 174
TOTAL ASSETS 584,753 559,412
CURRENT LIABILITIES:    
Accounts payable 5,544 6,849
Accrued expenses 13,190 17,387
Deferred revenue 10,211 10,107
Other current liabilities 1,672 167
Total current liabilities 30,617 34,510
DEFERRED REVENUE 33,454 35,543
RETIREMENT PLAN BENEFIT LIABILITY 24,865 22,594
Total liabilities 88,936 92,647
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, 48,314,591 and 48,132,223 shares issued, and 46,956,728 and 46,774,360 shares outstanding at September 30, 2016 and December 31, 2015, respectively 483 482
Additional paid-in capital 596,453 589,885
Accumulated deficit (51,376) (73,627)
Accumulated other comprehensive loss (9,587) (9,819)
Treasury stock, at cost (1,357,863 shares at September 30, 2016 and December 31, 2015) (40,158) (40,158)
Total shareholders’ equity 495,817 466,765
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 584,753 $ 559,412