The Company and Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2018

Accounting Policies [Abstract]

Reconciliation of Basic and Diluted Income (Loss) Per Share

The following table illustrates the reconciliation of the basic and diluted income (loss) per share computations required by Accounting Standards Codification (ASC) 260-10, “Earnings per Share” (in thousands, except share and per share data):

	Three-Month Period
	Ended March 31,
	2018			2017
Basic earnings per share:
Numerator:
Net income (loss)	$	(1,808	)	$	2,618
Denominator:
Weighted average common shares outstanding		90,319,092			90,236,476
Per share:
Net income (loss) per share	$	(0.02	)	$	0.03
Diluted earnings per share:
Numerator:
Net income (loss)	$	(1,808	)	$	2,618
Denominator:
Weighted average common shares outstanding		90,319,092			90,236,476
Dilutive securities:
Stock options and restricted stock units		-			1,524,055
Diluted shares outstanding		90,319,092			91,760,531
Per share:
Net income (loss) per share	$	(0.02	)	$	0.03

Fair Value of Assets and Liabilities Measured on Recurring Basis

The following table presents the Company’s financial assets and liabilities measured at fair value on a recurring basis in the consolidated balance sheets (in millions):

	March 31, 2018
	Total Fair Value and Carrying Value on Balance		Fair Value Measurement Category
(in millions)	Sheet		Level 1			Level 2				Level 3
Assets:
Money market account	$	45.1	$	-		$		45.1		$		-
Certificates of deposit	$	8.2	$			$		8.2		$		-
Corporate bonds	$	174.5	$	-		$		174.5		$
Liabilities:
Contingent Consideration	$	18.0	$	-	$		-		$		18.0
	December 31, 2017
	Total Fair Value and Carrying Value on Balance		Fair Value Measurement Category
	Sheet		Level 1			Level 2				Level 3
Liabilities:
Contingent Consideration	$	15.9	$	-	$		-		$		15.9

Summary of Amortized Cost and Unrealized (Gains) Losses of Available for Sale Securities

As of March 31, 2018, the following table summarizes the amortized cost and the unrealized (gains) losses of the available for sale securities (in thousands):

	Certificates of Deposit				Corporate Bonds
	Amortized Cost		Unrealized (gains) losses		Amortized Cost		Unrealized (gains) losses
Due within a year	$	-	$	-	$	60,010	$	(79)
Due after one year through five years		8,282		(34)		115,953		(1,394)
Total	$	8,282	$	(34)	$	175,963	$	(1,473)

Summary of Components of AOCI

Accumulated other comprehensive income (loss) includes the cumulative gains and losses of derivative instruments that qualify as cash flow hedges, foreign currency translation adjustments and changes in the fair value of available for sale securities. The following table provides a roll-forward of accumulated other comprehensive income (loss) for the three-month periods ended March 31, 2018 and 2017 (in millions):

	2018			2017
Accumulated other comprehensive loss as of January 1,	$	(0.1	)	$	(3.0	)
Other comprehensive income (loss)	$	(1.2	)		0.9
Income tax benefit	$	0.3			(0.3	)
Other comprehensive income (loss), net of tax	$	(0.9	)		0.6
Accumulated other comprehensive loss as of March 31,	$	(1.0	)	$	(2.4	)