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Supplementary Balance Sheet Information
12 Months Ended
Dec. 31, 2014
Organization Consolidation And Presentation Of Financial Statements [Abstract]  
Supplementary Balance Sheet Information

9. Supplementary Balance Sheet Information

The following tables provide the details of selected balance sheet items as of the dates indicated (in thousands):

Inventories

 

 

December 31,

 

 

2014

 

 

2013

 

Raw materials

$

38,934

 

 

$

34,749

 

Work-in-process

 

9,899

 

 

 

9,744

 

Finished goods

 

11,945

 

 

 

10,682

 

Demo and consigned inventory

 

2,165

 

 

 

3,115

 

Total inventories

$

62,943

 

 

$

58,290

 

 

Property, Plant and Equipment, net

 

 

December 31,

 

 

2014

 

 

2013

 

Cost:

 

 

 

 

 

 

 

   Land, buildings and improvements

$

46,222

 

 

$

37,048

 

   Machinery and equipment

 

50,487

 

 

 

48,107

 

Total cost

 

96,709

 

 

 

85,155

 

Accumulated depreciation

 

(56,621

)

 

 

(53,852

)

Property, plant and equipment, net

$

40,088

 

 

$

31,303

 

 

In 2014, the Company capitalized $10.4 million of assets which met the capital lease criteria of ASC 840-30, “Leases—Capital Lease”. The assets acquired under the capital lease are included in land, buildings and improvements and machinery and equipment and the related amortization expense is included in depreciation expense. The Company also capitalized software development costs of $0.2 million, $0.2 million and $0.6 million during the years ended 2014, 2013 and 2012, respectively, based on the guidance in ASC 350-40, “Internal-Use Software”. The following table summarizes depreciation expense on property, plant and equipment, including demo units and assets under capital leases (in thousands):

 

 

Year Ended December 31,

 

 

2014

 

 

2013

 

 

2012

 

Depreciation expense

$

8,016

 

 

$

7,400

 

 

$

6,868

 

 

The following table summarizes total accumulated depreciation on assets under capital leases as of the dates indicated (in thousands):

 

 

December 31,

 

 

2014

 

 

2013

 

 

2012

 

Accumulated depreciation on assets under capital leases

$

2,741

 

 

$

1,653

 

 

$

861

 

 

Accrued Expenses and Other Current Liabilities

The following table summarizes accrued expenses and other current liabilities as of the dates indicated (in thousands):

 

 

December 31,

 

 

2014

 

 

2013

 

Accrued compensation and benefits

$

7,741

 

 

$

8,624

 

Accrued warranty

 

3,044

 

 

 

3,315

 

Other

 

8,616

 

 

 

10,349

 

Total

$

19,401

 

 

$

22,288

 

 

Accrued Warranty

The following table summarizes accrued warranty activities for the periods indicated (in thousands):

 

 

Year Ended December 31,

 

 

2014

 

 

2013

 

Balance at beginning of year

$

3,315

 

 

$

2,204

 

Provision charged to cost of sales

 

1,684

 

 

 

1,891

 

Acquisition related warranty accrual

 

90

 

 

 

998

 

Use of provision

 

(2,003

)

 

 

(1,804

)

Foreign currency exchange rate changes

 

(42

)

 

 

26

 

Balance at end of year

$

3,044

 

 

$

3,315

 

 

Other Long Term Liabilities

The following table summarizes other long term liabilities as of the dates indicated (in thousands):

 

 

December 31,

 

 

2014

 

 

2013

 

Capital lease obligations

$

9,507

 

 

$

 

Accrued pension liabilities

 

6,037

 

 

 

2,322

 

Other

 

3,275

 

 

 

2,706

 

Total

$

18,819

 

 

$

5,028