0001157523-22-001522.txt : 20221103 0001157523-22-001522.hdr.sgml : 20221103 20221103160655 ACCESSION NUMBER: 0001157523-22-001522 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 13 CONFORMED PERIOD OF REPORT: 20221103 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20221103 DATE AS OF CHANGE: 20221103 FILER: COMPANY DATA: COMPANY CONFORMED NAME: COGNEX CORP CENTRAL INDEX KEY: 0000851205 STANDARD INDUSTRIAL CLASSIFICATION: INDUSTRIAL INSTRUMENTS FOR MEASUREMENT, DISPLAY, AND CONTROL [3823] IRS NUMBER: 042713778 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-34218 FILM NUMBER: 221357961 BUSINESS ADDRESS: STREET 1: ONE VISION DR CITY: NATICK STATE: MA ZIP: 01760 BUSINESS PHONE: 5086503000 MAIL ADDRESS: STREET 1: ONE VISION DRIVE CITY: NATICK STATE: MA ZIP: 01760 8-K 1 a52960645.htm COGNEX CORPORATION 8-K
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

Date of report (Date of earliest event reported): November 3, 2022

Cognex Corporation

(Exact name of registrant as specified in charter)

Massachusetts
 001-34218
 04-2713778
(State or other jurisdiction
of incorporation)
(Commission
File Number)
(IRS Employer
Identification No.)

One Vision Drive, Natick, Massachusetts
01760-2059
(Address of principal executive offices)
(Zip Code)

Registrant's telephone number, including area code: (508) 650-3000

N/A
(Former name or former address, if changed since last report.)
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):


 ☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 

 ☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 

 ☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 

 ☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class
   Trading Symbol(s)
   Name of each exchange on which registered
Common Stock, par value $.002 per share
   CGNX
   The NASDAQ Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
 
Emerging growth company       ☐
 
 
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐
Item 2.02          Results of Operations and Financial Condition

On November 3, 2022, Cognex Corporation (the “Company”) issued a news release to report its financial results for the quarter ended October 2, 2022. The release is furnished as Exhibit 99.1 hereto. The information in Item 2.02 of this Current Report on Form 8-K, including the Exhibit attached hereto, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, nor shall it be deemed to be incorporated by reference in any filing under the Securities Act of 1933 or the Securities Exchange Act of 1934, regardless of any general incorporation language in such filing.

Item 8.01          Other Events

On November 3, 2022, the Company announced that its Board of Directors declared a quarterly cash dividend of $0.07 per share. The dividend is payable on December 2, 2022 to all shareholders of record at the close of business on November 18, 2022.

Item 9.01          Financial Statements and Exhibits

(d)          Exhibits

Exhibit No.             Description


104                          Cover Page Interactive Data File (the cover page XBRL tags are embedded within the Inline XBRL document)

 SIGNATURES
 
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 
COGNEX CORPORATION
 
 
 
 
Dated: November 3, 2022
By:/s/ Paul Todgham
 
Paul Todgham
 
Senior Vice President and Chief Financial Officer

EX-99.1 2 a52960645ex99_1.htm EXHIBIT 99.1
Exhibit 99.1

Cognex Reports Third Quarter 2022 Results

NATICK, Mass.--(BUSINESS WIRE)--November 3, 2022--Cognex Corporation (NASDAQ: CGNX) today reported financial results for the third quarter of 2022. Table 1 below shows selected financial data for Q3-22 compared with Q3-21 and Q2-22, and for the nine months of 2022 compared with the same period in 2021.

Table 1

(Dollars in thousands, except per share amounts)


Revenue

Net Income

Net Income
per Diluted
Share

Non-GAAP
Net Income
per Diluted
Share*

Quarterly Comparisons

 

 

 

 

Current quarter: Q3-22

$209,622

$33,980

$0.19

$0.21

Prior year’s quarter: Q3-21

$284,848

$78,900

$0.44

$0.40

Change: Q3-21 to Q3-22

(26)%

(57)%

(57)%

(48)%

Prior quarter: Q2-22

$274,628

$58,901

$0.34

$0.41

Change: Q2-22 to Q3-22

(24)%

(42)%

(44)%

(49)%

Year-to-Date Comparisons

 

 

 

 

Nine months ended Oct. 2, 2022

$766,657

$160,214

$0.91

$1.03

Nine months ended Oct. 3, 2021

$793,033

$226,346

$1.26

$1.19

Change from first nine months of 2021 to first nine months of 2022

(3)%

(29)%

(28)%

(13%)

*Non-GAAP net income per diluted share excludes a loss from fire, net of tax benefit, for the quarterly periods of Q3-22 and Q2-22 and discrete tax adjustments in all periods presented. A reconciliation from GAAP to Non-GAAP is shown in Exhibit 2 of this news release.

“We expected the third quarter would be difficult for Cognex,” said Robert J. Willett, Chief Executive Officer of Cognex. “Two challenges in the business―the June fire at our primary contract manufacturer’s site that destroyed a large amount of our component inventory and the slowdown in capacity expansion for e-commerce fulfillment by certain customers—lowered revenue significantly on both a year-on-year and sequential basis.”

Mr. Willett continued, “While we believe that overcapacity in logistics will dampen our results again in Q4, we replenished our inventory positions following the fire more quickly than we anticipated, and we believe that business disruption is behind us. The leadership team and I are grateful for the perseverance demonstrated by Cognoids and our suppliers as we worked through a difficult situation.”

Details of the Quarter

Statement of Operations Highlights – Third Quarter of 2022

  • Revenue decreased by 26% from Q3-21 and by 24% from Q2-22 (revenue decreased by 21% and 22%, respectively, in constant currency). The decline both year-on-year and sequentially in constant currency was due to the slowing of large customer projects in logistics for new fulfillment centers. In addition, the business disruption caused by the June fire that destroyed a large portion of the company’s component inventory reduced revenue broadly across end markets in Q3-22.
  • Gross margin was 73% for Q3-22 compared to 70% for Q3-21 and 72% for Q2-22. The increase in gross margin year-on-year was due to a more favorable revenue mix in Q3-22, partially offset by the unfavorable impact of currency exchange rates on revenue.
  • Research, Development, & Engineering (RD&E) expenses decreased by 2% from Q3-21 and were flat with Q2-22. Incentive compensation in Q3-22 was lower on both a year-on-year and sequential basis, reflecting the reduced revenue level. The company also benefited from a favorable impact of currency exchange rates. The lower expenses were partially offset by the company’s investment in engineering resources and higher stock-based compensation.
  • Selling, General & Administrative (SG&A) expenses decreased by 2% from Q3-21 and 6% from Q2-22. As with RD&E, the company benefited in Q3-22 from lower incentive compensation and a favorable impact of currency exchange rates. These savings were partially offset by higher personnel-related costs (including additional sales headcount and stock-based compensation) and travel expenses.
  • Cognex recorded pre-tax charges of $2.9 million and $17.4 million in Q3-22 and Q2-22, respectively, related to the June 2022 fire at the company’s primary contract manufacturer. In particular, the charge in Q2-22 consisted of gross losses totaling $44.9 million for the write-off of company assets that were destroyed or abandoned in the fire less estimated insurance recoveries of $27.5 million. Insurance proceeds received by Cognex in Q4-22 were slightly higher at $27.6 million.
  • The effective tax rate was 14% in Q3-22, 11% in Q3-21, and 9% in Q2-22. All periods presented include varying discrete tax benefits or expenses, which are summarized in Exhibit 2. Excluding these discrete tax items, the effective tax rate was 16% in Q3-22 and Q2-22 compared to 18% in Q3-21. The decrease year-on-year was due to more of the company’s profits being earned and taxed in lower-tax jurisdictions in 2022 and lower state taxes.

Balance Sheet Highlights – October 2, 2022

  • Cognex’s financial position as of October 2, 2022 continued to be strong, with $818 million in cash and investments and no debt (following significant cash outflows to replenish inventory destroyed in the June fire). In the first nine months of 2022, Cognex generated $177 million in cash from operations. During the nine-month period, the company spent $178 million to repurchase its common stock and paid $34 million in dividends to shareholders. Cognex intends to continue to repurchase shares of its common stock pursuant to its existing stock repurchase program, subject to market conditions and other relevant factors.
  • Accounts receivable decreased by $34 million, or 26% from the end of 2021, and reflected the lower revenue level in Q3-22.

Financial Outlook – Q4 2022

  • Cognex expects revenue for Q4-22 will be between $235 million and $255 million. At the mid-point, this range represents an increase sequentially due to improved production lead times relative to Q3-22. On a year-on-year basis, the company expects revenue will be roughly flat at the mid-point due to growth from the broader market being offset by lower spending on large projects in logistics and a roughly 10-basis point unfavorable impact of currency exchange rates.
  • Gross margin for Q4-22 is expected to be in the low-70% range and reflect the significant premiums the company has been paying to procure components previously destroyed by the fire.
  • The combined total of expenses for RD&E and SG&A, which excludes the loss from the fire, is expected to increase by low-single digits on a sequential basis due to higher incentive compensation as compared to Q3-22.
  • The effective tax rate is expected to be 16%, excluding discrete tax items.

Non-GAAP Financial Measures

  • Exhibit 2 of this news release includes a reconciliation of certain financial measures from GAAP to non-GAAP. Cognex believes these non-GAAP financial measures are helpful because they allow investors to more accurately compare results over multiple periods using the same methodology that management employs in its budgeting process and in its review of operating results. Non-GAAP presentations exclude certain one-time discrete events, such as a fire loss and discrete tax adjustments (because these costs are outside of Cognex’s normal business operations and not used by management to assess Cognex’s operating results). Cognex also uses results on a constant-currency basis as one measure to evaluate its performance and compares results between periods as if the exchange rates had remained constant period-over-period. Cognex does not intend for non-GAAP financial measures to be considered in isolation, or as a substitute for financial information provided in accordance with GAAP.
  • We estimate the tax effect of items identified in the reconciliation by applying the effective tax rate to the pre-tax amount. However, if a specific tax rate or tax treatment is required because of the nature of the item and/or the tax jurisdiction where the item was recorded, we estimate the tax effect by applying the relevant specific tax rate or tax treatment, rather than the effective tax rate.

Analyst Conference Call and Simultaneous Webcast

  • Cognex will host a conference call today at 5:00 p.m. Eastern Daylight Time (EDT). The telephone number is (877) 704-4573 (or (201) 389-0911 if outside the United States). A replay will begin at 8:00 p.m. EDT today and will be available until 11:59 p.m. EDT on Sunday, November 6, 2022. The telephone number for the replay is (877) 660-6853 (or (201) 612-7415 if outside the United States). The access code for both the live call and the replay is 13733415.
  • A real-time audio broadcast of the conference call or an archived recording will be accessible on the Events & Presentations page of the Cognex Investor website: https://www.cognex.com/Investor.

About Cognex Corporation

Cognex Corporation designs, develops, manufactures, and markets a wide range of image-based products, all of which use artificial intelligence (AI) techniques that give them the human-like ability to make decisions on what they see. Cognex products include machine vision systems, machine vision sensors, and barcode readers that are used in factories and distribution centers around the world where they eliminate production and shipping errors.

Cognex is the world's leader in the machine vision industry, having shipped more than 3 million image-based products, representing over $9 billion in cumulative revenue, since the company's founding in 1981. Headquartered in Natick, Massachusetts, USA, Cognex has offices and distributors located throughout the Americas, Europe, and Asia. For details, visit Cognex online at www.cognex.com.

Certain statements made in this news release, which do not relate solely to historical matters, are forward-looking statements. These statements can be identified by use of the words “expects,” “anticipates,” “estimates,” “believes,” “projects,” “intends,” “plans,” “will,” “may,” “shall,” “could,” “should,” and similar words and other statements of a similar sense. These statements are based on our current estimates and expectations as to prospective events and circumstances, which may or may not be in our control and as to which there can be no firm assurances given. These forward-looking statements, which include statements regarding business and market trends, future financial performance and financial targets, the expected impact of the fire at our primary contract manufacturer's warehouse on our assets, business and results of operations and related insurance recoveries, customer demand and order rates and timing of related revenue, managing supply shortages, delivery lead times, future product mix, research and development activities, sales and marketing activities, new product offerings and product development activities, capital expenditures, investments, liquidity, dividends and stock repurchases, strategic and growth plans, and estimated tax benefits and expenses and other tax matters, involve known and unknown risks and uncertainties that could cause actual results to differ materially from those projected. Such risks and uncertainties include: (1) the reliance on key suppliers such as our primary contract manufacturer to manufacture and deliver quality products; (2) delays in the delivery of our products, the failure to meet delivery schedules, and resulting customer dissatisfaction or loss of sales; (3) the inability to obtain, or the delay in obtaining, components for our products at reasonable prices; (4) the failure to effectively manage product transitions or accurately forecast customer demand; (5) the inability to manage disruptions to our distribution centers or to our key suppliers; (6) the inability to design and manufacture high-quality products; (7) the impact, duration, and severity of the COVID-19 pandemic, including the availability and effectiveness of vaccines as well as government lockdowns; (8) the loss of, or curtailment of purchases by, large customers in the logistics or consumer electronics industries; (9) information security breaches; (10) the inability to protect our proprietary technology and intellectual property; (11) the inability to attract and retain skilled employees and maintain our unique corporate culture; (12) the technological obsolescence of current products and the inability to develop new products; (13) the failure to properly manage the distribution of products and services, including the management of lead times and delivery dates; (14) the impact of competitive pressures; (15) the challenges in integrating and achieving expected results from acquired businesses; (16) potential disruptions in our business systems; (17) potential impairment charges with respect to our investments or acquired intangible assets; (18) exposure to additional tax liabilities; (19) fluctuations in foreign currency exchange rates and the use of derivative instruments; (20) unfavorable global economic conditions, including increases in interest rates and high inflation rates; (21) business disruptions from natural or man-made disasters, such as fire, or public health issues; (22) economic, political, and other risks associated with international sales and operations, including the impact of the war in Ukraine; and (23) our involvement in time-consuming and costly litigation; and the other risks detailed in Cognex reports filed with the SEC, including its Form 10-K for the fiscal year ended December 31, 2021 and Form 10-Q for the fiscal quarter ended October 2, 2022. You should not place undue reliance upon any such forward-looking statements, which speak only as of the date made. Cognex disclaims any obligation to update forward-looking statements after the date of such statements.

Exhibit 1

COGNEX CORPORATION

Statements of Operations

(Unaudited)

Dollars in thousands, except per share amounts





 

 

 

Three-months Ended

 

Nine-months Ended

 

 

October 2,
2022

 

July 3,
2022

 

October 3,
2021

 

October 2,
2022

 

October 3,
2021

 

 

 

 

 

 

 

 

 

 

 

Revenue

 

$

209,622

 

 

$

274,628

 

 

$

284,848

 

 

$

766,657

 

 

$

793,033

 

Cost of revenue (1)

 

 

57,383

 

 

 

78,143

 

 

 

85,712

 

 

 

214,316

 

 

 

208,189

 

Gross margin

 

 

152,239

 

 

 

196,485

 

 

 

199,136

 

 

 

552,341

 

 

 

584,844

 

Percentage of revenue

 

 

73

%

 

 

72

%

 

 

70

%

 

 

72

%

 

 

74

%

Research, development, and engineering expenses (1)

 

 

33,954

 

 

 

33,991

 

 

 

34,476

 

 

 

103,999

 

 

 

99,883

 

Percentage of revenue

 

 

16

%

 

 

12

%

 

 

12

%

 

 

14

%

 

 

13

%

Selling, general, and administrative expenses (1)

 

 

75,371

 

 

 

79,950

 

 

 

77,113

 

 

 

236,156

 

 

 

226,380

 

Percentage of revenue

 

 

36

%

 

 

29

%

 

 

27

%

 

 

31

%

 

 

29

%

Loss from fire

 

 

2,891

 

 

 

17,403

 

 

 

—

 

 

 

20,294

 

 

 

—

 

Operating income

 

 

40,023

 

 

 

65,141

 

 

 

87,547

 

 

 

191,892

 

 

 

258,581

 

Percentage of revenue

 

 

19

%

 

 

24

%

 

 

31

%

 

 

25

%

 

 

33

%

Foreign currency gain (loss)

 

 

(1,880

)

 

 

(2,043

)

 

 

(586

)

 

 

(4,367

)

 

 

(2,233

)

Investment and other income

 

 

1,202

 

 

 

1,317

 

 

 

1,623

 

 

 

3,939

 

 

 

4,605

 

Income before income tax expense

 

 

39,345

 

 

 

64,415

 

 

 

88,584

 

 

 

191,464

 

 

 

260,953

 

Income tax expense

 

 

5,365

 

 

 

5,514

 

 

 

9,684

 

 

 

31,250

 

 

 

34,607

 

Net income

 

$

33,980

 

 

$

58,901

 

 

$

78,900

 

 

$

160,214

 

 

$

226,346

 

Percentage of revenue

 

 

16

%

 

 

21

%

 

 

28

%

 

 

21

%

 

 

29

%

 

 

 

 

 

 

 

 

 

 

 

Net income per weighted-average common and common-equivalent share:

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.20

 

 

$

0.34

 

 

$

0.45

 

 

$

0.92

 

 

$

1.28

 

Diluted

 

$

0.19

 

 

$

0.34

 

 

$

0.44

 

 

$

0.91

 

 

$

1.26

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average common and common-equivalent shares outstanding:

 

 

 

 

 

 

 

 

 

 

Basic

 

 

173,256

 

 

 

173,507

 

 

 

176,812

 

 

 

173,640

 

 

 

176,572

 

Diluted

 

 

174,327

 

 

 

174,993

 

 

 

180,342

 

 

 

175,233

 

 

 

180,109

 

 

 

 

 

 

 

 

 

 

 

 

Cash dividends per common share

 

$

0.065

 

 

$

0.065

 

 

$

0.060

 

 

$

0.195

 

 

$

0.180

 

Cash and investments per common share

 

$

4.73

 

 

$

4.54

 

 

$

5.57

 

 

$

4.73

 

 

$

5.57

 

Book value per common share

 

$

8.03

 

 

$

8.02

 

 

$

8.44

 

 

$

8.03

 

 

$

8.44

 

 

 

 

 

 

 

 

 

 

 

 

(1) Amounts include stock-based compensation expense, as follows:

 

 

 

 

 

 

 

 

 

 

Cost of revenue

 

$

468

 

 

$

482

 

 

$

366

 

 

$

1,513

 

 

$

965

 

Research, development, and engineering

 

 

4,209

 

 

 

3,851

 

 

 

3,091

 

 

 

12,508

 

 

 

10,158

 

Selling, general, and administrative

 

 

8,689

 

 

 

8,664

 

 

 

7,157

 

 

 

27,398

 

 

 

22,230

 

Total stock-based compensation expense

 

$

13,366

 

 

$

12,997

 

 

$

10,614

 

 

$

41,419

 

 

$

33,353

 

Exhibit 2

COGNEX CORPORATION

Reconciliation of Selected Items from GAAP to Non-GAAP

(Unaudited)

Dollars in thousands, except per share amounts






 

 

 

Three-months Ended

 

 

Nine-months Ended

 

 

October 2,
2022

 

July 3,
2022

 

October 3,
2021

 

 

October 2,
2022

 

October 3,
2021

 

 

 

 

 

 

 

 

 

 

 

 

Per share impact of loss from fire

 

 

 

 

 

 

 

Loss from fire

 

$

2,891

 

 

$

17,403

 

 

$

—

 

 

 

$

20,294

 

 

$

—

 

Tax benefit from loss on fire

 

 

(928

)

 

 

(2,440

)

 

 

—

 

 

 

 

(3,368

)

 

 

—

 

Loss from fire, net of tax benefit

 

$

1,963

 

 

$

14,963

 

 

$

—

 

 

 

$

16,926

 

 

$

—

 

Per share impact of loss from fire, net of tax benefit

 

 

0.01

 

 

 

0.09

 

 

 

—

 

 

 

 

0.10

 

 

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted weighted-average common and common-equivalent shares outstanding (GAAP)

 

 

174,327

 

 

 

174,993

 

 

 

180,342

 

 

 

 

175,233

 

 

 

180,109

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loss from fire and discrete tax adjustments reconciliation

 

 

 

 

 

 

 

Operating income (GAAP)

 

$

40,023

 

 

$

65,141

 

 

$

87,547

 

 

 

$

191,892

 

 

$

258,581

 

Percentage of revenue (GAAP)

 

 

19

%

 

 

24

%

 

 

31

%

 

 

 

25

%

 

 

33

%

Loss from fire

 

 

2,891

 

 

 

17,403

 

 

 

—

 

 

 

 

20,294

 

 

 

—

 

Operating income (Non-GAAP)

 

$

42,914

 

 

$

82,544

 

 

$

87,547

 

 

 

$

212,186

 

 

$

258,581

 

Percentage of revenue (Non-GAAP)

 

 

20

%

 

 

30

%

 

 

31

%

 

 

 

28

%

 

 

33

%

 

 

 

 

 

 

 

 

 

 

 

 

Net income (GAAP)

 

$

33,980

 

 

$

58,901

 

 

$

78,900

 

 

 

$

160,214

 

 

$

226,346

 

Loss from fire, net of tax benefit

 

 

1,963

 

 

 

14,963

 

 

 

—

 

 

 

 

16,926

 

 

 

—

 

Discrete tax (benefit) expense related to stock-based compensation

 

 

131

 

 

 

59

 

 

 

(3,250

)

 

 

 

307

 

 

 

(9,888

)

Discrete tax (benefit) expense related to tax return filings and other

 

 

(133

)

 

 

(2,411

)

 

 

(3,012

)

 

 

 

3,677

 

 

 

(2,477

)

Net income (Non-GAAP)

 

$

35,941

 

 

$

71,512

 

 

$

72,638

 

 

 

$

181,124

 

 

$

213,981

 

Percentage of revenue (Non-GAAP)

 

 

17

%

 

 

26

%

 

 

26

%

 

 

 

24

%

 

 

27

%

 

 

 

 

 

 

 

 

 

 

 

 

Net income per diluted weighted-average common and common-equivalent share (GAAP)

 

$

0.19

 

 

$

0.34

 

 

$

0.44

 

 

 

$

0.91

 

 

$

1.26

 

Per share impact of Non-GAAP adjustments identified above

 

 

0.02

 

 

 

0.07

 

 

 

(0.04

)

 

 

 

0.12

 

 

 

(0.07

)

Net income per diluted weighted-average common and common-equivalent share (Non-GAAP)

 

$

0.21

 

 

$

0.41

 

 

$

0.40

 

 

 

$

1.03

 

 

$

1.19

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted weighted-average common and common-equivalent shares outstanding (GAAP)

 

 

174,327

 

 

 

174,993

 

 

 

180,342

 

 

 

 

175,233

 

 

 

180,109

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Effective tax rate reconciliation

 

 

 

 

 

 

 

Income before income tax expense (GAAP)

 

$

39,345

 

 

$

64,415

 

 

$

88,584

 

 

 

$

191,464

 

 

$

260,953

 

 

 

 

 

 

 

 

 

 

 

 

 

Income tax expense (GAAP)

 

$

5,365

 

 

$

5,514

 

 

$

9,684

 

 

 

$

31,250

 

 

$

34,607

 

Effective tax rate (GAAP)

 

 

14

%

 

 

9

%

 

 

11

%

 

 

 

16

%

 

 

13

%

 

 

 

 

 

 

 

 

 

 

 

 

Tax adjustments:

 

 

 

 

 

 

 

 

 

 

 

Discrete tax benefit related to loss from fire

 

 

928

 

 

 

2,440

 

 

 

—

 

 

 

 

3,368

 

 

 

—

 

Discrete tax benefit (expense) related to stock-based compensation

 

 

(131

)

 

 

(59

)

 

 

3,250

 

 

 

 

(307

)

 

 

9,888

 

Discrete tax benefit (expense) related to tax return filings and other

 

 

133

 

 

 

2,411

 

 

 

3,012

 

 

 

 

(3,677

)

 

 

2,477

 

Total discrete tax adjustments

 

$

930

 

 

$

4,792

 

 

$

6,262

 

 

 

$

(616

)

 

$

12,365

 

 

 

 

 

 

 

 

 

 

 

 

 

Income tax expense (Non-GAAP)

 

$

6,295

 

 

$

10,306

 

 

$

15,946

 

 

 

$

30,634

 

 

$

46,972

 

Effective tax rate (Non-GAAP)

 

 

16

%

 

 

16

%

 

 

18

%

 

 

 

16

%

 

 

18

%

 

 

 

 

 

 

 

 

 

 

 

 

Exhibit 3

COGNEX CORPORATION

Balance Sheets

(Unaudited)

Dollars in thousands





 

 

 

October 2, 2022

 

December 31, 2021

Assets

 

 

 

 

Cash and investments

 

$

817,632

 

$

907,364

Accounts receivable

 

 

96,292

 

 

130,348

Inventories

 

 

108,553

 

 

113,102

Property, plant, and equipment

 

 

79,425

 

 

77,546

Operating lease assets

 

 

31,514

 

 

23,157

Goodwill and intangible assets

 

 

246,929

 

 

253,601

Deferred tax assets

 

 

405,136

 

 

418,570

Other assets

 

 

114,755

 

 

79,974

 

 

 

 

 

Total assets

 

$

1,900,236

 

$

2,003,662

 

 

 

 

 

Liabilities and Shareholders' Equity

 

 

 

 

Accounts payable and accrued expenses

 

$

86,335

 

$

136,483

Deferred revenue and customer deposits

 

 

54,777

 

 

35,743

Operating lease liabilities

 

 

33,371

 

 

25,581

Income taxes

 

 

57,267

 

 

66,517

Deferred tax liabilities

 

 

259,950

 

 

293,769

Other liabilities

 

 

19,316

 

 

15,476

Shareholders' equity

 

 

1,389,220

 

 

1,430,093

 

 

 

 

 

Total liabilities and shareholders' equity

 

$

1,900,236

 

$

2,003,662

 

Contacts

Susan Conway
Investor Relations
+1 508-650-3353
Susan.conway@cognex.com


EX-101.SCH 3 cgnx-20221103.xsd XBRL TAXONOMY EXTENSION SCHEMA 000100 - Document - Document and Entity Information link:presentationLink link:calculationLink link:definitionLink EX-101.LAB 4 cgnx-20221103_lab.xml XBRL TAXONOMY EXTENSION LABEL LINKBASE Cover [Abstract] Document Type Written Communications Soliciting Material Pre-commencement Tender Offer Pre-commencement Issuer Tender Offer Amendment Flag Document Fiscal Year Focus Document Fiscal Period Focus Document Period End Date Entity Registrant Name Entity Central Index Key Entity File Number Entity Tax Identification Number Entity Incorporation, State or Country Code Entity Emerging Growth Company Entity Address, Address Line One Entity Address, Address Line Two Entity Address, Address Line Three Entity Address, City or Town Entity Address, State or Province Entity Address, Country Entity Address, Postal Zip Code City Area Code Local Phone Number Title of 12(b) Security No Trading Symbol Flag Trading Symbol Security Exchange Name EX-101.PRE 5 cgnx-20221103_pre.xml XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE XML 6 R1.htm IDEA: XBRL DOCUMENT v3.22.2.2
Document and Entity Information
Nov. 03, 2022
Cover [Abstract]  
Document Type 8-K
Amendment Flag false
Document Period End Date Nov. 03, 2022
Entity Registrant Name Cognex Corporation
Entity Incorporation, State or Country Code MA
Entity File Number 001-34218
Entity Tax Identification Number 04-2713778
Entity Address, Address Line One One Vision Drive
Entity Address, City or Town Natick
Entity Address, State or Province MA
Entity Address, Postal Zip Code 01760-2059
City Area Code 508
Local Phone Number 650-3000
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Entity Emerging Growth Company false
Entity Central Index Key 0000851205
Title of 12(b) Security Common Stock, par value $.002 per share
Trading Symbol CGNX
Security Exchange Name NASDAQ
XML 7 a52960645_htm.xml IDEA: XBRL DOCUMENT 0000851205 2022-11-03 2022-11-03 false 0000851205 8-K 2022-11-03 Cognex Corporation MA 001-34218 04-2713778 One Vision Drive Natick MA 01760-2059 508 650-3000 false false false false Common Stock, par value $.002 per share CGNX NASDAQ false EXCEL 8 Financial_Report.xlsx IDEA: XBRL DOCUMENT begin 644 Financial_Report.xlsx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end XML 9 Show.js IDEA: XBRL DOCUMENT // Edgar(tm) Renderer was created by staff of the U.S. Securities and Exchange Commission. Data and content created by government employees within the scope of their employment are not subject to domestic copyright protection. 17 U.S.C. 105. var Show={};Show.LastAR=null,Show.showAR=function(a,r,w){if(Show.LastAR)Show.hideAR();var e=a;while(e&&e.nodeName!='TABLE')e=e.nextSibling;if(!e||e.nodeName!='TABLE'){var ref=((window)?w.document:document).getElementById(r);if(ref){e=ref.cloneNode(!0); e.removeAttribute('id');a.parentNode.appendChild(e)}} if(e)e.style.display='block';Show.LastAR=e};Show.hideAR=function(){Show.LastAR.style.display='none'};Show.toggleNext=function(a){var e=a;while(e.nodeName!='DIV')e=e.nextSibling;if(!e.style){}else if(!e.style.display){}else{var d,p_;if(e.style.display=='none'){d='block';p='-'}else{d='none';p='+'} e.style.display=d;if(a.textContent){a.textContent=p+a.textContent.substring(1)}else{a.innerText=p+a.innerText.substring(1)}}} XML 10 report.css IDEA: XBRL DOCUMENT /* Updated 2009-11-04 */ /* v2.2.0.24 */ /* DefRef Styles */ ..report table.authRefData{ background-color: #def; border: 2px solid #2F4497; font-size: 1em; position: absolute; } ..report table.authRefData a { display: block; font-weight: bold; } ..report table.authRefData p { margin-top: 0px; } ..report table.authRefData .hide { background-color: #2F4497; padding: 1px 3px 0px 0px; text-align: right; } ..report table.authRefData .hide a:hover { background-color: #2F4497; } ..report table.authRefData .body { height: 150px; overflow: auto; width: 400px; } ..report table.authRefData table{ font-size: 1em; } /* Report Styles */ ..pl a, .pl a:visited { color: black; text-decoration: none; } /* table */ ..report { background-color: white; border: 2px solid #acf; clear: both; color: black; font: normal 8pt Helvetica, Arial, san-serif; margin-bottom: 2em; } ..report hr { border: 1px solid #acf; } /* Top labels */ ..report th { background-color: #acf; color: black; font-weight: bold; text-align: center; } ..report th.void { background-color: transparent; color: #000000; font: bold 10pt Helvetica, Arial, san-serif; text-align: left; } ..report .pl { text-align: left; vertical-align: top; white-space: normal; width: 200px; white-space: normal; /* word-wrap: break-word; */ } ..report td.pl a.a { cursor: pointer; display: block; width: 200px; overflow: hidden; } ..report td.pl div.a { width: 200px; } ..report td.pl a:hover { background-color: #ffc; } /* Header rows... */ ..report tr.rh { background-color: #acf; color: black; font-weight: bold; } /* Calendars... */ ..report .rc { background-color: #f0f0f0; } /* Even rows... */ ..report .re, .report .reu { background-color: #def; } ..report .reu td { border-bottom: 1px solid black; } /* Odd rows... */ ..report .ro, .report .rou { background-color: white; } ..report .rou td { border-bottom: 1px solid black; } ..report .rou table td, .report .reu table td { border-bottom: 0px solid black; } /* styles for footnote marker */ ..report .fn { white-space: nowrap; } /* styles for numeric types */ ..report .num, .report .nump { text-align: right; white-space: nowrap; } ..report .nump { padding-left: 2em; } ..report .nump { padding: 0px 0.4em 0px 2em; } /* styles for text types */ ..report .text { text-align: left; white-space: normal; } ..report .text .big { margin-bottom: 1em; width: 17em; } ..report .text .more { display: none; } ..report .text .note { font-style: italic; font-weight: bold; } ..report .text .small { width: 10em; } ..report sup { font-style: italic; } ..report .outerFootnotes { font-size: 1em; } XML 11 FilingSummary.xml IDEA: XBRL DOCUMENT 3.22.2.2 html 1 22 1 false 0 0 false 0 false false R1.htm 000100 - Document - Document and Entity Information Sheet http://cognex.com/role/DocumentAndEntityInformation Document and Entity Information Cover 1 false false All Reports Book All Reports a52960645.htm a52960645ex99_1.htm cgnx-20221103.xsd cgnx-20221103_lab.xml cgnx-20221103_pre.xml http://xbrl.sec.gov/dei/2021 true false JSON 13 MetaLinks.json IDEA: XBRL DOCUMENT { "instance": { "a52960645.htm": { "axisCustom": 0, "axisStandard": 0, "contextCount": 1, "dts": { "inline": { "local": [ "a52960645.htm" ] }, "labelLink": { "local": [ "cgnx-20221103_lab.xml" ] }, "presentationLink": { "local": [ "cgnx-20221103_pre.xml" ] }, "schema": { "local": [ "cgnx-20221103.xsd" ], "remote": [ "http://www.xbrl.org/2003/xbrl-instance-2003-12-31.xsd", "http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd", "http://www.xbrl.org/2003/xl-2003-12-31.xsd", "http://www.xbrl.org/2003/xlink-2003-12-31.xsd", "http://www.xbrl.org/2004/ref-2004-08-10.xsd", "http://www.xbrl.org/2005/xbrldt-2005.xsd", "http://www.xbrl.org/2006/ref-2006-02-27.xsd", "http://www.xbrl.org/lrr/arcrole/factExplanatory-2009-12-16.xsd", "http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd", "http://www.xbrl.org/lrr/role/net-2009-12-16.xsd", "https://www.xbrl.org/2020/extensible-enumerations-2.0.xsd", "https://www.xbrl.org/dtr/type/2020-01-21/types.xsd", "https://xbrl.fasb.org/srt/2021/elts/srt-2021-01-31.xsd", "https://xbrl.fasb.org/srt/2021/elts/srt-roles-2021-01-31.xsd", "https://xbrl.fasb.org/srt/2021/elts/srt-types-2021-01-31.xsd", "https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd", "https://xbrl.fasb.org/us-gaap/2021/elts/us-roles-2021-01-31.xsd", "https://xbrl.fasb.org/us-gaap/2021/elts/us-types-2021-01-31.xsd", "https://xbrl.sec.gov/country/2021/country-2021.xsd", "https://xbrl.sec.gov/currency/2021/currency-2021.xsd", "https://xbrl.sec.gov/dei/2021/dei-2021.xsd", "https://xbrl.sec.gov/exch/2021/exch-2021.xsd", "https://xbrl.sec.gov/naics/2021/naics-2021.xsd", "https://xbrl.sec.gov/sic/2021/sic-2021.xsd", "https://xbrl.sec.gov/stpr/2021/stpr-2021.xsd" ] } }, "elementCount": 29, "entityCount": 1, "hidden": { "http://xbrl.sec.gov/dei/2021": 2, "total": 2 }, "keyCustom": 0, "keyStandard": 22, "memberCustom": 0, "memberStandard": 0, "nsprefix": "cgnx", "nsuri": "http://cognex.com/20221103", "report": { "R1": { "firstAnchor": { "ancestors": [ "div", "div", "body", "html" ], "baseRef": "a52960645.htm", "contextRef": "c20221103to20221103", "decimals": null, "first": true, "lang": "en-US", "name": "dei:DocumentType", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "document", "isDefault": "true", "longName": "000100 - Document - Document and Entity Information", "role": "http://cognex.com/role/DocumentAndEntityInformation", "shortName": "Document and Entity Information", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "div", "div", "body", "html" ], "baseRef": "a52960645.htm", "contextRef": "c20221103to20221103", "decimals": null, "first": true, "lang": "en-US", "name": "dei:DocumentType", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } } }, "segmentCount": 0, "tag": { "dei_AmendmentFlag": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.", "label": "Amendment Flag" } } }, "localname": "AmendmentFlag", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://cognex.com/role/DocumentAndEntityInformation" ], "xbrltype": "booleanItemType" }, "dei_CityAreaCode": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Area code of city", "label": "City Area Code" } } }, "localname": "CityAreaCode", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://cognex.com/role/DocumentAndEntityInformation" ], "xbrltype": "normalizedStringItemType" }, "dei_CoverAbstract": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Cover page.", "label": "Cover [Abstract]" } } }, "localname": "CoverAbstract", "nsuri": "http://xbrl.sec.gov/dei/2021", "xbrltype": "stringItemType" }, "dei_DocumentFiscalPeriodFocus": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Fiscal period values are FY, Q1, Q2, and Q3. 1st, 2nd and 3rd quarter 10-Q or 10-QT statements have value Q1, Q2, and Q3 respectively, with 10-K, 10-KT or other fiscal year statements having FY.", "label": "Document Fiscal Period Focus" } } }, "localname": "DocumentFiscalPeriodFocus", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://cognex.com/role/DocumentAndEntityInformation" ], "xbrltype": "fiscalPeriodItemType" }, "dei_DocumentFiscalYearFocus": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "This is focus fiscal year of the document report in YYYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006.", "label": "Document Fiscal Year Focus" } } }, "localname": "DocumentFiscalYearFocus", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://cognex.com/role/DocumentAndEntityInformation" ], "xbrltype": "gYearItemType" }, "dei_DocumentPeriodEndDate": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.", "label": "Document Period End Date" } } }, "localname": "DocumentPeriodEndDate", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://cognex.com/role/DocumentAndEntityInformation" ], "xbrltype": "dateItemType" }, "dei_DocumentType": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.", "label": "Document Type" } } }, "localname": "DocumentType", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://cognex.com/role/DocumentAndEntityInformation" ], "xbrltype": "submissionTypeItemType" }, "dei_EntityAddressAddressLine1": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Address Line 1 such as Attn, Building Name, Street Name", "label": "Entity Address, Address Line One" } } }, "localname": "EntityAddressAddressLine1", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://cognex.com/role/DocumentAndEntityInformation" ], "xbrltype": "normalizedStringItemType" }, "dei_EntityAddressAddressLine2": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Address Line 2 such as Street or Suite number", "label": "Entity Address, Address Line Two" } } }, "localname": "EntityAddressAddressLine2", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://cognex.com/role/DocumentAndEntityInformation" ], "xbrltype": "normalizedStringItemType" }, "dei_EntityAddressAddressLine3": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Address Line 3 such as an Office Park", "label": "Entity Address, Address Line Three" } } }, "localname": "EntityAddressAddressLine3", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://cognex.com/role/DocumentAndEntityInformation" ], "xbrltype": "normalizedStringItemType" }, "dei_EntityAddressCityOrTown": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Name of the City or Town", "label": "Entity Address, City or Town" } } }, "localname": "EntityAddressCityOrTown", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://cognex.com/role/DocumentAndEntityInformation" ], "xbrltype": "normalizedStringItemType" }, "dei_EntityAddressCountry": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "ISO 3166-1 alpha-2 country code.", "label": "Entity Address, Country" } } }, "localname": "EntityAddressCountry", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://cognex.com/role/DocumentAndEntityInformation" ], "xbrltype": "countryCodeItemType" }, "dei_EntityAddressPostalZipCode": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Code for the postal or zip code", "label": "Entity Address, Postal Zip Code" } } }, "localname": "EntityAddressPostalZipCode", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://cognex.com/role/DocumentAndEntityInformation" ], "xbrltype": "normalizedStringItemType" }, "dei_EntityAddressStateOrProvince": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Name of the state or province.", "label": "Entity Address, State or Province" } } }, "localname": "EntityAddressStateOrProvince", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://cognex.com/role/DocumentAndEntityInformation" ], "xbrltype": "stateOrProvinceItemType" }, "dei_EntityCentralIndexKey": { "auth_ref": [ "r5" ], "lang": { "en-us": { "role": { "documentation": "A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.", "label": "Entity Central Index Key" } } }, "localname": "EntityCentralIndexKey", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://cognex.com/role/DocumentAndEntityInformation" ], "xbrltype": "centralIndexKeyItemType" }, "dei_EntityEmergingGrowthCompany": { "auth_ref": [ "r5" ], "lang": { "en-us": { "role": { "documentation": "Indicate if registrant meets the emerging growth company criteria.", "label": "Entity Emerging Growth Company" } } }, "localname": "EntityEmergingGrowthCompany", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://cognex.com/role/DocumentAndEntityInformation" ], "xbrltype": "booleanItemType" }, "dei_EntityFileNumber": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.", "label": "Entity File Number" } } }, "localname": "EntityFileNumber", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://cognex.com/role/DocumentAndEntityInformation" ], "xbrltype": "fileNumberItemType" }, "dei_EntityIncorporationStateCountryCode": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Two-character EDGAR code representing the state or country of incorporation.", "label": "Entity Incorporation, State or Country Code" } } }, "localname": "EntityIncorporationStateCountryCode", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://cognex.com/role/DocumentAndEntityInformation" ], "xbrltype": "edgarStateCountryItemType" }, "dei_EntityRegistrantName": { "auth_ref": [ "r5" ], "lang": { "en-us": { "role": { "documentation": "The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.", "label": "Entity Registrant Name" } } }, "localname": "EntityRegistrantName", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://cognex.com/role/DocumentAndEntityInformation" ], "xbrltype": "normalizedStringItemType" }, "dei_EntityTaxIdentificationNumber": { "auth_ref": [ "r5" ], "lang": { "en-us": { "role": { "documentation": "The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.", "label": "Entity Tax Identification Number" } } }, "localname": "EntityTaxIdentificationNumber", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://cognex.com/role/DocumentAndEntityInformation" ], "xbrltype": "employerIdItemType" }, "dei_LocalPhoneNumber": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Local phone number for entity.", "label": "Local Phone Number" } } }, "localname": "LocalPhoneNumber", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://cognex.com/role/DocumentAndEntityInformation" ], "xbrltype": "normalizedStringItemType" }, "dei_NoTradingSymbolFlag": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Boolean flag that is true only for a security having no trading symbol.", "label": "No Trading Symbol Flag" } } }, "localname": "NoTradingSymbolFlag", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://cognex.com/role/DocumentAndEntityInformation" ], "xbrltype": "booleanItemType" }, "dei_PreCommencementIssuerTenderOffer": { "auth_ref": [ "r2" ], "lang": { "en-us": { "role": { "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.", "label": "Pre-commencement Issuer Tender Offer" } } }, "localname": "PreCommencementIssuerTenderOffer", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://cognex.com/role/DocumentAndEntityInformation" ], "xbrltype": "booleanItemType" }, "dei_PreCommencementTenderOffer": { "auth_ref": [ "r3" ], "lang": { "en-us": { "role": { "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.", "label": "Pre-commencement Tender Offer" } } }, "localname": "PreCommencementTenderOffer", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://cognex.com/role/DocumentAndEntityInformation" ], "xbrltype": "booleanItemType" }, "dei_Security12bTitle": { "auth_ref": [ "r0" ], "lang": { "en-us": { "role": { "documentation": "Title of a 12(b) registered security.", "label": "Title of 12(b) Security" } } }, "localname": "Security12bTitle", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://cognex.com/role/DocumentAndEntityInformation" ], "xbrltype": "securityTitleItemType" }, "dei_SecurityExchangeName": { "auth_ref": [ "r1" ], "lang": { "en-us": { "role": { "documentation": "Name of the Exchange on which a security is registered.", "label": "Security Exchange Name" } } }, "localname": "SecurityExchangeName", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://cognex.com/role/DocumentAndEntityInformation" ], "xbrltype": "edgarExchangeCodeItemType" }, "dei_SolicitingMaterial": { "auth_ref": [ "r4" ], "lang": { "en-us": { "role": { "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.", "label": "Soliciting Material" } } }, "localname": "SolicitingMaterial", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://cognex.com/role/DocumentAndEntityInformation" ], "xbrltype": "booleanItemType" }, "dei_TradingSymbol": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Trading symbol of an instrument as listed on an exchange.", "label": "Trading Symbol" } } }, "localname": "TradingSymbol", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://cognex.com/role/DocumentAndEntityInformation" ], "xbrltype": "tradingSymbolItemType" }, "dei_WrittenCommunications": { "auth_ref": [ "r6" ], "lang": { "en-us": { "role": { "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.", "label": "Written Communications" } } }, "localname": "WrittenCommunications", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://cognex.com/role/DocumentAndEntityInformation" ], "xbrltype": "booleanItemType" } }, "unitCount": 0 } }, "std_ref": { "r0": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "12", "Subsection": "b" }, "r1": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "12", "Subsection": "d1-1" }, "r2": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "13e", "Subsection": "4c" }, "r3": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "14d", "Subsection": "2b" }, "r4": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "14a", "Subsection": "12" }, "r5": { "Name": "Regulation 12B", "Number": "240", "Publisher": "SEC", "Section": "12", "Subsection": "b-2" }, "r6": { "Name": "Securities Act", "Number": "230", "Publisher": "SEC", "Section": "425" } }, "version": "2.1" } ZIP 14 0001157523-22-001522-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0001157523-22-001522-xbrl.zip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