The Company and Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2018

Summary of Non-Vested Restricted Stock Units Granted

The following is a summary of non-vested restricted stock units granted (in thousands, except grant date fair value data):

	Six-Month Period
	Ended June 30, 2018
	Number Granted		Weighted-Average Fair Value
Restricted stock units		120	$	4.00

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”) Topic 260-10, “Earnings per Share” (in thousands, except share and per share data):

	Three-Month Period				Six-Month Period
	Ended June 30,				Ended June 30,
	2018		2017		2018		2017
Basic earnings per share:
Numerator:
Net income (loss)	$	4,840	$	3,495	$	3,033	$	6,113

Denominator:
Weighted average common shares outstanding		88,959,935		90,354,982		89,635,759		90,296,057

Per share:
Net income (loss) per share	$	0.05	$	0.04	$	0.03	$	0.07

Diluted earnings per share:
Numerator:
Net income (loss)	$	4,840	$	3,495	$	3,033	$	6,113

Denominator:
Weighted average common shares outstanding		88,959,935		90,354,982		89,635,759		90,296,057
Dilutive securities:
Stock options and restricted stock units		1,062,014		1,678,129		1,169,327		1,601,093
Diluted shares outstanding		90,021,949		92,033,111		90,805,086		91,897,150

Per share:
Net income (loss) per share	$	0.05	$	0.04	$	0.03	$	0.07

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):

	June 30, 2018
	Total Fair Value and Carrying Value on Balance		Fair Value Measurement Category
	Sheet		Level 1		Level 2				Level 3
Assets:
Money market account	$	86.9	$	-	$		86.9		$		-
Certificates of deposit	$	8.2	$	-	$		8.2		$		-
Corporate bonds	$	124.2	$	-	$		124.2		$		-

Liabilities:
Contingent consideration	$	15.1	$	-	$	-		$		15.1


	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 June 30, 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	$	-	$	-		$	10,012	$	(33	)
Due after one year through five years		8,282		(64	)		115,797		(1,558	)
Total	$	8,282	$	(64	)	$	125,809	$	(1,591	)

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 six-month periods ended June 30, 2018 and 2017 (in millions):

	2018			2017
Accumulated other comprehensive income (loss) as of January 1,	$	(0.1	)	$	(3.0	)
Foreign currency translation (gain) loss		(0.3	)		0.1
Change in fair value of interest rate swap agreements		(1.6	)		1.4
Income tax benefit (expense)		0.4			(0.6	)
Other comprehensive income (loss), net of tax		(1.5	)		0.9
Accumulated other comprehensive income (loss) as of June 30,	$	(1.6	)	$	(2.1	)