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Assets (Tables)
9 Months Ended
Sep. 30, 2015
Assets  
Schedule of assets (excluding cash balances) that are measured at fair value on a recurring basis

 

 

 

Level 1

 

Level 2

 

Total

 

 

 

(in thousands)

 

September 30, 2015

 

 

 

 

 

 

 

U.S. treasuries

 

$

54,731 

 

$

 

$

54,731 

 

Government agency securities

 

 

2,999 

 

2,999 

 

Corporate debt

 

 

11,147 

 

11,147 

 

 

 

 

 

 

 

 

 

December 31, 2014

 

 

 

 

 

 

 

U.S. treasuries

 

$

81,527 

 

$

 

$

81,527 

 

Corporate debt

 

 

39,045 

 

39,045 

 

 

Schedule of amortized cost and fair value of available-for-sale securities

 

 

 

 

Gross

 

Gross

 

 

 

 

 

Amortized

 

Unrealized

 

Unrealized

 

Estimated

 

 

 

Cost

 

Gains

 

Losses

 

Fair Value

 

 

 

(in thousands)

 

September 30, 2015

 

 

 

 

 

 

 

 

 

U.S. treasuries

 

$

54,693

 

$

38

 

$

(0

)

$

54,731

 

Government agency securities

 

2,999

 

 

 

2,999

 

Corporate debt

 

11,142

 

6

 

(1

)

11,147

 

 

 

 

 

 

 

 

 

 

 

Total available-for-sale securities

 

$

68,834

 

$

44

 

$

(1

)

$

68,877

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2014

 

 

 

 

 

 

 

 

 

U.S. treasuries

 

$

81,506

 

$

27

 

$

(6

)

$

81,527

 

Corporate debt

 

39,031

 

20

 

(6

)

39,045

 

 

 

 

 

 

 

 

 

 

 

Total available-for-sale securities

 

$

120,537

 

$

47

 

$

(12

)

$

120,572

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Summary of fair value and unrealized losses of available-for-sale securities in a loss position

 

 

September 30, 2015

 

December 31, 2014

 

 

 

 

 

Gross

 

 

 

Gross

 

 

 

Estimated

 

Unrealized

 

Estimated

 

Unrealized

 

 

 

Fair Value

 

Losses

 

Fair Value

 

Losses

 

 

 

(in thousands)

 

U.S. treasuries

 

$

2,000

 

$

(0

)

$

35,001

 

$

(6

)

Corporate debt

 

1,139

 

(1

)

13,069

 

(6

)

 

 

 

 

 

 

 

 

 

 

Total available-for-sale securities in a loss position

 

$

3,139

 

$

(1

)

$

48,070

 

$

(12

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Schedule of inventory

 

 

September 30, 2015

 

December 31, 2014

 

 

 

(in thousands)

 

Materials

 

$

38,043 

 

$

28,637 

 

Work-in-process

 

26,612 

 

26,778 

 

Finished goods

 

5,318 

 

6,056 

 

 

 

 

 

 

 

Total inventory

 

$

69,973 

 

$

61,471 

 

 

 

 

 

 

 

 

 

 

Schedule of property, plant and equipment

 

 

 

September 30, 2015

 

December 31, 2014

 

 

 

(in thousands)

 

Land

 

$

9,592 

 

$

9,392 

 

Building and improvements

 

54,562 

 

51,979 

 

Machinery and equipment

 

108,613 

 

104,815 

 

Leasehold improvements

 

5,417 

 

4,356 

 

 

 

 

 

 

 

Gross property, plant and equipment

 

178,184 

 

170,542 

 

Less: accumulated depreciation and amortization

 

97,663 

 

91,790 

 

 

 

 

 

 

 

Net property, plant, and equipment

 

$

80,521 

 

$

78,752 

 

 

 

 

 

 

 

 

 

 

Schedule of changes in goodwill

 

 

 

 

Gross carrying

 

Accumulated

 

 

 

 

 

amount

 

impairment

 

Net amount

 

 

 

(in thousands)

 

Goodwill - December 31, 2014

 

$

238,158

 

$

123,199

 

$

114,959

 

Purchase price allocation adjustment

 

(51

)

 

(51

)

 

 

 

 

 

 

 

 

Goodwill - September 30, 2015

 

$

238,107

 

$

123,199

 

$

114,908

 

 

 

 

 

 

 

 

 

 

 

 

 

Schedule of intangible assets excluding goodwill

 

 

 

September 30, 2015

 

December 31, 2014

 

 

 

 

 

Accumulated

 

 

 

 

 

Accumulated

 

 

 

 

 

Gross

 

Amortization

 

 

 

Gross

 

Amortization

 

 

 

 

 

Carrying

 

and

 

Net

 

Carrying

 

and

 

Net

 

 

 

Amount

 

Impairment

 

Amount

 

Amount

 

Impairment

 

Amount

 

 

 

(in thousands)

 

Technology

 

$

222,358 

 

$

116,958 

 

$

105,400 

 

$

222,358 

 

$

106,342 

 

$

116,016 

 

Customer relationships

 

47,885 

 

20,578 

 

27,307 

 

47,885 

 

14,918 

 

32,967 

 

Trademarks and tradenames

 

2,730 

 

1,719 

 

1,011 

 

3,050 

 

1,096 

 

1,954 

 

Indefinite-lived trademark

 

2,900 

 

 

2,900 

 

2,900 

 

 

2,900 

 

Other

 

6,241 

 

5,383 

 

858 

 

6,320 

 

849 

 

5,471 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

$

282,114 

 

$

144,638 

 

$

137,476 

 

$

282,513 

 

$

123,205 

 

$

159,308