XML 78 R5.htm IDEA: XBRL DOCUMENT v2.4.1.9
Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Cash flows from operating activities:    
Net income (loss) $ 59,180us-gaap_NetIncomeLoss $ (7,486)us-gaap_NetIncomeLoss
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Depreciation, amortization, and accretion expense 1,803us-gaap_DepreciationDepletionAndAmortization 4,163us-gaap_DepreciationDepletionAndAmortization
Stock-based compensation expense 3,760us-gaap_ShareBasedCompensation 2,239us-gaap_ShareBasedCompensation
Deferred income taxes 24,080us-gaap_DeferredIncomeTaxExpenseBenefit 0us-gaap_DeferredIncomeTaxExpenseBenefit
Gain on sale of an investment 0us-gaap_GainLossOnInvestments (307)us-gaap_GainLossOnInvestments
Provision adjustments related to doubtful accounts 463us-gaap_ProvisionForDoubtfulAccounts 361us-gaap_ProvisionForDoubtfulAccounts
Provision adjustments related to product warranty 515us-gaap_ProductWarrantyExpense 1,562us-gaap_ProductWarrantyExpense
Change in fair value of financial instruments (122)us-gaap_UnrealizedGainLossOnDerivatives 71us-gaap_UnrealizedGainLossOnDerivatives
Gain from change in estimate on ARO obligation (845)emkr_AssetRetirementObligationGainLossfromRevisionofEstimates 0emkr_AssetRetirementObligationGainLossfromRevisionofEstimates
Reclassification of foreign currency translation adjustment (744)emkr_ForeignCurrencyTransactionGainLossReclassifiedtoEarnings 0emkr_ForeignCurrencyTransactionGainLossReclassifiedtoEarnings
Net loss on disposal of equipment 237us-gaap_GainLossOnDispositionOfAssets 0us-gaap_GainLossOnDispositionOfAssets
Settlement of customer related warranty claim (280)emkr_ProductWarrantyAccrualNoncashSettlement 0emkr_ProductWarrantyAccrualNoncashSettlement
Total non-cash adjustments (60,149)us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities 8,089us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
Changes in operating assets and liabilities:    
Accounts receivable 3,859us-gaap_IncreaseDecreaseInAccountsReceivable 4,003us-gaap_IncreaseDecreaseInAccountsReceivable
Inventory (1,541)us-gaap_IncreaseDecreaseInInventories 3,526us-gaap_IncreaseDecreaseInInventories
Other assets (913)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets 2,496us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
Accounts payable (3,151)us-gaap_IncreaseDecreaseInAccountsPayable (630)us-gaap_IncreaseDecreaseInAccountsPayable
Accrued expenses and other current liabilities (3,012)us-gaap_IncreaseDecreaseInAccruedLiabilities (2,698)us-gaap_IncreaseDecreaseInAccruedLiabilities
Total change in operating assets and liabilities (4,758)us-gaap_IncreaseDecreaseInOperatingCapital 6,697us-gaap_IncreaseDecreaseInOperatingCapital
Net cash (used in) provided by operating activities (5,727)us-gaap_NetCashProvidedByUsedInOperatingActivities 7,300us-gaap_NetCashProvidedByUsedInOperatingActivities
Cash flows from investing activities:    
Cash proceeds from sale of investment 0us-gaap_GainLossOnSaleOfInvestments 307us-gaap_GainLossOnSaleOfInvestments
Purchase of equipment (1,150)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (1,039)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Decrease (increase) in restricted cash 1,314us-gaap_IncreaseDecreaseInRestrictedCash (1,178)us-gaap_IncreaseDecreaseInRestrictedCash
Proceeds from disposal of property, plant and equipment 50us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment 0us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment
Net cash provided by (used in) investing activities 151,714us-gaap_NetCashProvidedByUsedInInvestingActivities (1,910)us-gaap_NetCashProvidedByUsedInInvestingActivities
Cash flows from financing activities:    
Payments on credit facilities (26,518)us-gaap_ProceedsFromRepaymentsOfLinesOfCredit (4,106)us-gaap_ProceedsFromRepaymentsOfLinesOfCredit
Proceeds from stock plans 834us-gaap_ProceedsFromStockPlans 659us-gaap_ProceedsFromStockPlans
Net cash used in financing activities (25,684)us-gaap_NetCashProvidedByUsedInFinancingActivities (3,447)us-gaap_NetCashProvidedByUsedInFinancingActivities
Effect of exchange rate changes on foreign currency (25)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents 128us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents
Net increase in cash and cash equivalents 120,278us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 2,071us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents at beginning of period 20,687us-gaap_CashAndCashEquivalentsAtCarryingValue 16,104us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents at end of period 140,965us-gaap_CashAndCashEquivalentsAtCarryingValue 18,175us-gaap_CashAndCashEquivalentsAtCarryingValue
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION    
Cash paid during the period for interest 139us-gaap_InterestPaid 272us-gaap_InterestPaid
Cash paid during the period for income taxes 25us-gaap_IncomeTaxesPaid 4us-gaap_IncomeTaxesPaid
Sale of Digital Products assets to NeoPhotonics for note receivable 15,482us-gaap_NoncashOrPartNoncashDivestitureAmountOfConsiderationReceived1 0us-gaap_NoncashOrPartNoncashDivestitureAmountOfConsiderationReceived1
Photovoltaics    
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Gain (loss) on disposal of discontinued operation, net of tax (87,022)us-gaap_GainLossOnSaleOfBusiness
/ us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsAxis
= emkr_PhotovoltaicsMember
0us-gaap_GainLossOnSaleOfBusiness
/ us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsAxis
= emkr_PhotovoltaicsMember
Cash flows from investing activities:    
Proceeds from sale of business 150,000us-gaap_ProceedsFromDivestitureOfBusinesses
/ us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsAxis
= emkr_PhotovoltaicsMember
0us-gaap_ProceedsFromDivestitureOfBusinesses
/ us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsAxis
= emkr_PhotovoltaicsMember
Digital Products Business    
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Gain (loss) on disposal of discontinued operation, net of tax (1,994)us-gaap_GainLossOnSaleOfBusiness
/ us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsAxis
= emkr_DigitalProductsBusinessMember
0us-gaap_GainLossOnSaleOfBusiness
/ us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsAxis
= emkr_DigitalProductsBusinessMember
Cash flows from investing activities:    
Proceeds from sale of business $ 1,500us-gaap_ProceedsFromDivestitureOfBusinesses
/ us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsAxis
= emkr_DigitalProductsBusinessMember
$ 0us-gaap_ProceedsFromDivestitureOfBusinesses
/ us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsAxis
= emkr_DigitalProductsBusinessMember