0000887969-16-000154.txt : 20161103 0000887969-16-000154.hdr.sgml : 20161103 20161103170539 ACCESSION NUMBER: 0000887969-16-000154 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 73 CONFORMED PERIOD OF REPORT: 20160930 FILED AS OF DATE: 20161103 DATE AS OF CHANGE: 20161103 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MRV COMMUNICATIONS INC CENTRAL INDEX KEY: 0000887969 STANDARD INDUSTRIAL CLASSIFICATION: SEMICONDUCTORS & RELATED DEVICES [3674] IRS NUMBER: 061340090 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-11174 FILM NUMBER: 161972594 BUSINESS ADDRESS: STREET 1: 20520 NORDHOFF ST CITY: CHATSWORTH STATE: CA ZIP: 91311 BUSINESS PHONE: 8187730900 MAIL ADDRESS: STREET 1: 20520 NORDHOFF ST CITY: CHATSWORTH STATE: CA ZIP: 91311 10-Q 1 mrv-2016093010xq.htm 10-Q Document




UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
________________________
FORM 10-Q
[x]
Quarterly report pursuant to section 13 or 15(d) of the Securities Exchange Act of 1934 for the quarterly period ended September 30, 2016

[ ]
Transition report pursuant to section 13 or 15(d) of the Securities Exchange Act of 1934 for the transition period from _______________ to ______________

Commission file number: 001-11174
 
mrvlogoa02a01a01a02a03a03.jpg
MRV COMMUNICATIONS, INC.
(Exact name of registrant as specified in its charter)
Delaware
06-1340090
(State or other jurisdiction of
(I.R.S. employer
incorporation or organization)
identification no.)

20520 Nordhoff Street, Chatsworth, CA 91311
(Address of principal executive offices, zip code)

(818) 773-0900
(Registrant's telephone number, including area code)


(Former name, former address and former fiscal year, if changed since last report)

Indicate by check mark, whether the registrant (1) has filed all reports required to be filed by section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes [x]  No [ ]

Indicate by check mark, whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files.) Yes [x]  No [ ]

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer,” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.
Large accelerated filer  [ ]
Accelerated filer  [x]
 
Non-accelerated filer [ ]
Smaller reporting company [ ]  
(Do not check if a smaller reporting company)
 
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes [ ]   No [x]

As of November 2, 2016, 6,808,442 shares of Common Stock of MRV Communications, Inc. were outstanding.

1



MRV Communications, Inc.

Form 10-Q for the Quarter Ended September 30, 2016
 
Index


 
 
Page
 
 
 
 
 
 
 


2



PART I - FINANCIAL INFORMATION

Item 1.         Condensed Consolidated Financial Statements

MRV Communications, Inc.
Condensed Consolidated Statements of Operations
(In thousands, except per share data)
(unaudited)
 
Three Months Ended 
 September 30,
 
Nine Months Ended 
 September 30,
 
2016
 
2015
 
2016
 
2015
Revenue:
 
 
 
 
 
 
 
Product revenue
$
16,063

 
$
20,847

 
$
50,728

 
$
61,809

Service revenue
2,884

 
2,086

 
8,685

 
7,828

Total revenue
18,947

 
22,933

 
59,413

 
69,637

Cost of Revenue:
 
 
 
 
 
 
 
Cost of product
8,868

 
9,758

 
26,748

 
31,007

Cost of services
1,113

 
1,061

 
3,825

 
3,013

Total cost of revenue
9,981

 
10,819

 
30,573

 
34,020

Gross profit
8,966

 
12,114

 
28,840

 
35,617

Operating expenses:
 
 
 
 
 
 
 
Product development and engineering
4,937

 
4,901

 
15,406

 
15,336

Selling, general and administrative
6,931

 
7,281

 
21,955

 
22,396

Total operating expenses
11,868

 
12,182

 
37,361

 
37,732

Operating loss
(2,902
)
 
(68
)
 
(8,521
)
 
(2,115
)
Interest expense
(7
)
 
(11
)
 
(35
)
 
(48
)
Other income (expense), net
(173
)
 
188

 
(348
)
 
(26
)
Income (loss) from continuing operations before provision for income taxes
(3,082
)
 
109

 
(8,904
)
 
(2,189
)
Provision (benefit) for income taxes
31

 
(39
)
 
128

 
88

Income (loss) from continuing operations
(3,113
)
 
148

 
(9,032
)
 
(2,277
)
Income from discontinued operations, net of income taxes of $490 and $1,303 in 2015
—

 
738

 
—

 
1,814

Net income (loss)
$
(3,113
)
 
$
886

 
$
(9,032
)
 
$
(463
)
 
 
 
 
 
 
 
 
Net income (loss) per share — basic
 
 
 
 
 
 
 
From continuing operations
$
(0.45
)
 
$
0.02

 
$
(1.31
)
 
$
(0.33
)
From discontinued operations
—

 
0.11

 
—

 
0.26

Net income (loss) per share — basic
$
(0.45
)
 
$
0.13

 
$
(1.31
)
 
$
(0.07
)
 
 
 
 
 
 
 
 
Net income (loss) per share — diluted
 
 
 
 
 
 
 
From continuing operations
$
(0.45
)
 
$
0.02

 
$
(1.31
)
 
$
(0.33
)
From discontinued operations
—

 
0.11

 
—

 
0.26

Net income (loss) per share — diluted
$
(0.45
)
 
$
0.13

 
$
(1.31
)
 
$
(0.07
)
 
 
 
 
 
 
 
 
Weighted average number of shares:
 
 
 
 
 
 
 
Basic
6,868

 
6,978

 
6,912

 
7,032

Diluted
6,868

 
7,014

 
6,912

 
7,032


The accompanying notes are an integral part of these condensed consolidated financial statements.

3



MRV Communications, Inc.
Condensed Consolidated Statements of Comprehensive Income (Loss)
(In thousands)
(unaudited)

 
Three Months Ended 
 September 30,
 
Nine Months Ended 
 September 30,
 
2016
 
2015
 
2016
 
2015
 
 
 
 
 
 
 
 
Net income (loss)
$
(3,113
)
 
$
886

 
$
(9,032
)
 
$
(463
)
Other comprehensive loss, net of tax
 
 
 
 
 
 
 
Foreign currency translation gain (loss)
66

 
159

 
103

 
(2,025
)
Total comprehensive income (loss)
$
(3,047
)
 
$
1,045

 
$
(8,929
)
 
$
(2,488
)

The accompanying notes are an integral part of these condensed consolidated financial statements.

4



MRV Communications, Inc.
Condensed Consolidated Balance Sheets
(In thousands, except par values)
(unaudited)
 
September 30,
2016
 
December 31,
2015
Assets
 
 
 
Current assets:
 
 
 
Cash and cash equivalents
$
20,922

 
$
26,169

Restricted time deposits
5,277

 
5,190

Accounts receivable, net
15,373

 
14,837

Inventories, net
10,185

 
10,226

Other current assets
3,461

 
6,851

Total current assets
55,218

 
63,273

Property and equipment, net
3,295

 
4,050

Intangible assets, net
1,067

 
1,153

Other assets
423

 
608

Total assets
$
60,003

 
$
69,084

 
 
 
 
Liabilities and stockholders' equity
 
 
 
Current liabilities:
 
 
 
Deferred consideration payable
$
233

 
$
233

Accounts payable
8,473

 
5,749

Accrued liabilities
9,252

 
9,972

Deferred revenue
6,783

 
7,642

Other current liabilities
135

 
196

Total current liabilities
24,876

 
23,792

Other long-term liabilities
3,819

 
3,846

Commitments and contingencies (Note 12)

 

 
 
 
 
Stockholders' equity:
 
 
 
Preferred Stock, $0.01 par value: Authorized — 1,000 shares; no shares issued or outstanding
—

 
—

Common Stock, $0.0017 par value:
 
 
 
Authorized — 16,000 shares
 
 
 
Issued — 8,429 shares in 2016 and 8,341 shares in 2015
 
 
 
Outstanding — 6,839 shares in 2016 and 6,982 in 2015
270

 
270

Additional paid-in capital
1,286,953

 
1,285,787

Accumulated deficit
(1,236,703
)
 
(1,227,671
)
Treasury stock — 1,591 shares in 2016 and 1,359 shares in 2015
(17,730
)
 
(15,355
)
Accumulated other comprehensive loss
(1,482
)
 
(1,585
)
Total stockholders' equity
31,308

 
41,446

Total liabilities and stockholders' equity
$
60,003

 
$
69,084


The accompanying notes are an integral part of these condensed consolidated financial statements.

5



MRV Communications, Inc.
Condensed Consolidated Statements of Cash Flows
(In thousands)
(unaudited)
 
Nine Months Ended 
 September 30,
 
2016
 
2015
Cash flows from operating activities:
 
 
 
Net loss
$
(9,032
)
 
$
(463
)
Income from discontinued operations, net of taxes
—

 
(1,814
)
Loss from continuing operations
(9,032
)
 
(2,277
)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:
 
 
 
Depreciation and amortization
1,451

 
1,547

Share-based compensation expense
1,106

 
758

Provision for doubtful accounts
(25
)
 
(9
)
Deferred income taxes
—

 
174

Loss (gain) on disposition of property and equipment
69

 
(2
)
Changes in operating assets and liabilities:
 
 
 
Accounts and other receivables
(508
)
 
(142
)
Inventories
170

 
692

Other assets
(1,139
)
 
2,018

Accounts payable
2,720

 
34

Accrued liabilities
(486
)
 
390

Income tax payable
79

 
(308
)
Deferred revenue
(1,182
)
 
(25
)
Other current liabilities
(202
)
 
(584
)
Cash (used in) provided by operating activities - continuing operations
(6,979
)
 
2,266

Cash provided by operating activities - discontinued operations
—

 
3,834

Net cash (used in) provided by operating activities
(6,979
)
 
6,100

 
 
 
 
Cash flows from investing activities:
 
 
 
Purchases of property and equipment
(681
)
 
(1,162
)
Proceeds from sale of Tecnonet
4,789

 
—

Proceeds from sale of property and equipment
2

 
9

(Increase) release of restricted time deposits
(87
)
 
45

Cash provided by (used in) Investing activities - continuing operations
4,023

 
(1,108
)
Cash used in Investing activities - discontinued operations
—

 
(74
)
Net cash provided by (used in) investing activities
4,023

 
(1,182
)
 
 
 
 
Cash flows from financing activities:
 
 
 
Proceeds from exercise of stock options
73

 
146

Purchase of treasury shares
(2,375
)
 
(4,944
)
Cash used in Financing activities - continuing operations
(2,302
)
 
(4,798
)
Cash used in Financing activities - discontinued operations
—

 
(2,111
)
Net cash used in financing activities
(2,302
)
 
(6,909
)
Effect of exchange rate changes on cash and cash equivalents
11

 
(518
)
Net decrease in cash and cash equivalents
(5,247
)
 
(2,509
)
Cash and cash equivalents, beginning of period
26,169

 
22,422

Cash and cash equivalents, end of period
20,922

 
19,913

Less: cash and cash equivalents of discontinued operations, end of period
—

 
5,800

Cash and cash equivalents, end of period
$
20,922

 
$
14,113

 
 
 
 
Supplemental disclosure of cash flow information:
 
 
 
Cash paid during period for interest
$
—

 
$
102

Cash paid during period for income taxes
$
111

 
$
765


The accompanying notes are an integral part of these condensed consolidated financial statements.

6



MRV Communications, Inc.
Notes to Condensed Consolidated Financial Statements
(Unaudited)

1.
Organization and Summary of significant accounting policies

Organization and nature of operations

MRV Communications, Inc. ("MRV" or the "Company"), a Delaware corporation, is a global supplier of communications solutions to telecommunications service providers, data center operators, enterprises and governments throughout the world. MRV’s technologies, platforms and expertise enable our customers to overcome the challenge of orchestrating the ever-increasing need for capacity while improving service delivery and lowering network costs for critical applications such as high-capacity business services, mobile backhaul and data center connectivity. MRV markets and sells its products worldwide, through a variety of channels, which include a dedicated direct sales force, distributors, value-added-resellers, systems integrators and sales agents. Until the third quarter of 2015, MRV conducted its business along two principal segments: the Network Equipment segment and the Network Integration segment. MRV's Network Equipment segment designs, manufactures, sells and services equipment used by commercial customers, governments, and telecommunications service providers. Products include packet switching, optical transport, infrastructure management equipment and service orchestration and provisioning software. The Network Integration segment, which primarily operated in Italy and provided network system design, integration and distribution services that includes products manufactured by third-party vendors, was sold in December 2015.

On December 3, 2015, the Company completed the sale of all of its shares of its wholly owned subsidiary, Tecnonet S.p.A.("Tecnonet"), pursuant to a shares purchase agreement, dated as of August 10, 2015 (the "Purchase Agreement") with Maticmind S.p.A, a company incorporated under the laws of Italy. Tecnonet was the last business unit in our Network Integration segment. On February 19, 2016, the Company received a payment of €4.3 million (approximately $4.8 million) representing the post-closing purchase price adjustment pursuant to the Purchase Agreement.

Basis of Presentation

The accompanying condensed consolidated financial statements include the accounts of MRV and its wholly-owned subsidiaries. All significant intercompany transactions and accounts have been eliminated.

The condensed consolidated unaudited financial statements included herein have been prepared by MRV pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). The year-end condensed consolidated balance sheet was derived from audited financial statements, but does not include all disclosures required by generally accepted in the United States of America ("GAAP"). Certain information and footnote disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such rules and regulations. The information included in this Quarterly Report on Form 10-Q for the quarter ended September 30, 2016, (this “Form 10-Q”) should be read in conjunction with the Financial Statements and Notes thereto included in the Company's Annual Report on Form 10-K for the year ended December 31, 2015, (the “2015 Form 10-K”) filed with the SEC.

In the opinion of MRV's management, the unaudited interim financial information contained herein includes all normal recurring adjustments, necessary to present fairly the financial position of MRV as of September 30, 2016, and the results of its operations and comprehensive loss, and cash flows for the three and nine months ended September 30, 2016 and 2015. The results reported in these condensed consolidated financial statements should not be regarded as necessarily indicative of results that may be expected for the full year or any future periods.

Reclassification

Prior Period Reclassifications. On December 3, 2015, the Company completed the sale of Tecnonet. The results of operations for Tecnonet have been reclassified and presented as discontinued operations in this Form 10-Q for all periods presented. Cash flows from discontinued operations are presented separately from the cash flows from continuing operations in the accompanying Statement of Cash Flows. (See Note 15, Discontinued Operations)


7



Recently Issued Accounting Standards

We consider the applicability and impact of all Accounting Standards Updates (“ASUs”). The ASUs not listed below were assessed and determined by management to be either not applicable or are expected to have minimal impact on our consolidated financial position and/or results of operations.

In May 2014, the Financial Accounting Standards Board (the "FASB") issued ASU No. 2014-09, "Revenue from Contracts with Customers (Topic 606)," ("ASU 2014-09"). ASU 2014-09 outlines a new, single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and supersedes current revenue recognition guidance, including industry-specific guidance. This new revenue recognition model provides a five-step analysis in determining when and how revenue is recognized. The new model will require revenue recognition to depict the transfer of promised goods or services to customers in an amount that reflects the consideration a company expects to receive in exchange for those goods or services. The amendments may be applied retrospectively to each prior period presented or retrospectively with the cumulative effect recognized as of the date of initial application. ASU 2014-09 was originally effective for interim and annual reporting periods beginning after December 15, 2016. In August 2015, the FASB issued ASU 2015-14, Revenue from Contracts with Customers (Topic 606) – Deferral of the Effective Date, which defers the effective date to annual reporting periods beginning after December 15, 2017. Early application is permitted after December 15, 2016. Management is currently evaluating the potential impact that adopting ASU 2014-09 will have on its condensed consolidated financial statements and footnote disclosures. Management anticipates concluding its evaluation by March 31, 2017 and plans to adopt ASU 2014-09 on January 1, 2018.

In August 2014, the FASB issued ASU No. 2014-15, "Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern" ("ASU 2014-15"). ASU 2014-15 provides guidance on management’s responsibility in evaluating whether there is substantial doubt about an entity’s ability to continue as a going concern and to provide related footnote disclosures. ASU 2014-15 will become effective for the Company for fiscal years beginning after December 15, 2016, including interim periods within those fiscal years. Early adoption is permitted. Management is currently evaluating the potential impact that adopting ASU 2014-15 will have on its condensed consolidated financial statements and footnote disclosures.

In July 2015, the FASB issued ASU No. 2015-11, "Simplifying the Measurement of Inventory" (“ASU 2015-11”). ASU 2015-11 simplifies the guidance on the subsequent measurement of inventory, excluding inventory measured using the last-in, first out (LIFO), or the retail inventory method. Under the new standard, inventory should be at the lower of cost and net realizable value. ASU 2015-11 will become effective for the Company for fiscal years beginning after December 15, 2016, including interim periods within those fiscal years. Early adoption is permitted. Management is currently evaluating the potential impact that adopting ASU 2015-11 will have on its condensed consolidated financial statements and footnote disclosures.

In November 2015, the FASB issued ASU No. 2015-17, "Balance Sheet Classification of Deferred Taxes" ("ASU 2015-17"). The amendments in ASU 2015-17 simplify the presentation of deferred income taxes by requiring that deferred tax assets and liabilities be classified as non-current. ASU 2015-17 will become effective for the Company for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. Early adoption is permitted. Management is currently evaluating the potential impact that adopting ASU 2015-17 will have on its condensed consolidated financial statements and footnote disclosures.

In February 2016, the FASB issued ASU No. 2016-02, "Leases" ("ASU 2016-02"). The amendments in ASU 2016-02 require companies that lease assets to recognize on their balance sheets the assets and liabilities for the rights and obligations generated by contracts longer than a year. ASU 2016-02 will become effective for the Company for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. The guidance is required to be applied using the modified retrospective transition approach. Early adoption is permitted. Management is currently evaluating the potential impact that adopting ASU 2016-02 will have on its condensed consolidated financial statements and footnote disclosures.

In March 2016, the FASB issued ASU No. 2016-08, “Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations” (“ASU 2016-08”). The amendments in ASU 2016-08 clarify the implementation guidance on principal versus agent considerations. ASU 2016-08 will become effective for the Company for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. Management is currently evaluating the potential impact that adopting ASU 2016-08 will have on its condensed consolidated financial statements and footnote disclosures.


8



In March 2016, the FASB issued ASU No. 2016-09, "Stock Compensation (Topic 718): Improvements to employee Share-Based Payment Accounting" ("ASU 2016-09"). The amendments in ASU 2016-09 simplify the accounting for share-based payment award transactions including: income tax consequences, classification of awards as either equity or liabilities and classification on the statement of cash flows. ASU 2016-09 will become effective for fiscal years beginning after December 15, 2016, including interim periods within those fiscal years. Early adoption is permitted. Management is currently evaluating the potential impact that adopting ASU 2016-09 will have on its condensed consolidated financial statements and footnote disclosures and plans to adopt ASU 2016-09 on January 1, 2017.

In April 2016, the FASB issued ASU No. 2016-10, “Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing” (“ASU 2016-10”). The amendments in ASU 2016-10 provide more detailed guidance in the following key areas: identifying performance obligations and licenses of intellectual property. ASU 2016-10 will become effective for the Company for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. Management is currently evaluating the potential impact that adopting ASU 2016-10 will have on its condensed consolidated financial statements and footnote disclosures.

In May 2016, the FASB issued ASU No. 2016-12, “Revenue from Contracts with Customers (Topic 660): Narrow-Scope Improvements and Practical Expedients” (“ASU 2016-12”). The amendments in ASU 2016-12 clarify certain narrow aspects of Topic 660 such as assessing the collectability criterion, presentation of sales taxes and other similar taxes collected from customers, non-cash consideration, contract modifications at transition, completed contracts at transition, and technical correction. ASU 2016-12 will become effective for the Company for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. Management is currently evaluating the potential impact that adopting ASU 2016-12 will have on its condensed consolidated financial statements and footnote disclosures.

In August 2016, the FASB issued ASU No. 2016-15, “Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments” (“ASU 2016-15”). The amendments in ASU 2016-15 reduce the diversity in practice in how certain cash receipts and cash payments are presented and classified in the statement of cash flows. ASU 2016-15 will become effective for the Company for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. Early adoption is permitted. Management is currently evaluating the potential impact that adopting ASU 2016-15 will have on its condensed consolidated financial statements and footnote disclosures.

2.
Cash and Cash Equivalents and Restricted Time Deposits

MRV accounts for highly liquid investments with an original maturity of 90 days or less as cash equivalents. Investments with maturities of less than one year are considered short-term and are included on the balance sheet in restricted time deposits. MRV maintains cash balances and investments in qualified financial institutions, and at various times such amounts are in excess of federally insured limits. As of September 30, 2016 and December 31, 2015, the Company's U.S. entities held $15.8 million and $21.6 million in cash and cash equivalents. The remaining $5.1 million and $4.6 million, respectively, were held by the Company's foreign subsidiaries in foreign bank deposit accounts.

Restricted time deposits represent investments that are restricted as to withdrawal or use and from time to time may include certificates of deposit. The investments in and releases of restricted time deposits are included in investing activities on the Company's Condensed Consolidated Statements of Cash Flows because the funds are invested in certificates of deposit. As of September 30, 2016 and December 31, 2015, the Company held $5.3 million and $5.2 million of restricted time deposits, respectively; $5.0 million of which represents a certificate of deposit with a highly rated financial institution and matures in December 2016. The remaining $0.3 million and $0.2 million of restricted time deposits held as of September 30, 2016 and December 31, 2015, respectively, represent security deposits that are restricted due to their respective agreements.

3.
Fair Value Measurement

MRV's financial instruments, including cash and cash equivalents, restricted time deposits, accounts receivable, other receivables and accounts payable are carried at cost, which approximates their fair value. The fair values of accounts receivable, other receivables and accounts payable approximate their carrying amounts due to their short-term nature.


9



The Company follows a framework for measuring fair value using a three-level hierarchy that prioritizes the use of observable inputs. The fair value hierarchy is divided into three levels based on the source of inputs as follows: Level 1 - Valuations based on unadjusted quoted prices in active markets for identical assets or liabilities; Level 2 - Valuations for which all significant inputs are observable, either directly or indirectly, other than level 1 inputs for similar instruments; Level 3 - Valuations based on inputs that are unobservable and significant to the overall fair value measurement. Under this framework, fair value is defined as the price that would be received to sell an asset or paid to transfer a liability (i.e., the “exit price”) in an orderly transaction between market participants at the measurement date. Management has not elected the fair value option for non-financial assets and liabilities.

As of September 30, 2016 and December 31, 2015, the Company had cash equivalents consisting of money market funds of $0 and $1.8 million, respectively that were classified as Level 1 investments and were quoted at market price. Cash equivalents included in the condensed consolidated balance sheets are as follows (in thousands):
 
 
Cost
 
Fair Value
September 30, 2016
 
$
—

 
$
—

December 31, 2015
 
$
1,807

 
$
1,807


4.
Credit Risk

Financial instruments that potentially subject the Company to concentrations of credit risk primarily consist of cash and cash equivalents placed with high credit quality financial institutions and accounts receivable due from customers.

Management evaluates the collectability of accounts receivable based on a combination of factors. If management becomes aware of a customer's inability to meet its financial obligations after a sale has occurred, the Company records an allowance to reduce the net receivable to the amount that management reasonably believes to be collectable from the customer. If the financial conditions of MRV's customers were to deteriorate or if economic conditions worsen, additional allowances may be required in the future. Accounts receivable are charged off at the point they are considered uncollectible.

The following table summarizes the changes in the allowance for doubtful accounts during the nine months ended September 30, 2016 (in thousands):
Balance at beginning of period
 
$
1,060

(Reversed) to expense
 
(25
)
Write-offs, net of amounts recovered
 
(100
)
Foreign currency translation adjustment
 
10

Balance at end of period
 
$
945


5.
Inventories

Inventories are stated at the lower of cost or market and consist of materials, labor and overhead. Cost is computed using standard cost, which approximates actual cost, on a first-in, first-out basis.

Inventories, net of reserves, consisted of the following at September 30, 2016 and December 31, 2015 (in thousands):
 
 
September 30, 2016
 
December 31, 2015
Raw materials
 
$
2,928

 
$
3,132

Work-in process
 
911

 
839

Finished goods
 
6,346

 
6,255

Total
 
$
10,185

 
$
10,226



10



6.
Intangible Assets

Intangible assets, net of amortization, consisted of intellectual property such as license agreements and totaled $1.1 million and $1.2 million as of September 30, 2016 and December 31, 2015, respectively. The terms of some of these license agreements provide for use of the licensed software into perpetuity while others are definite. The Company amortizes the cost of the license agreements over the estimated useful life, which can range between three to five years. Amortization expense related to intangible assets was approximately $183,000 and $150,000 for the nine months ended September 30, 2016 and 2015, respectively. As of September 30, 2016, intangible assets not yet placed into service totaled approximately $0.5 million.

The following table illustrates the estimated future amortization expense of intangible assets as of September 30, 2016 (in thousands):
Fiscal Year Ending December 31,
 
Estimated Amortization Expense
2016 - remainder of the year
 
$
82

2017
 
295

2018
 
234

2019
 
234

2020
 
136

Thereafter
 
86

Total
 
$
1,067


7.
Product Warranty

As of September 30, 2016, and December 31, 2015, MRV's product warranty liabilities recorded in accrued liabilities were $0.5 million and $0.6 million, respectively. MRV accrues for warranty costs as part of cost of sales based on associated material product costs, technical support labor costs and associated overhead. The products sold are generally covered by a warranty for periods of 90 days to three years.

The following table summarizes the activity related to the product warranty liability during the nine months ended September 30, 2016 (in thousands):
Balance at beginning of the period
 
$
593

Cost of warranty claims
 
(73
)
Accruals for product warranties
 
29

Balance at end of the period
 
$
549


8.
Net Income (Loss) Per Share

Basic net income (loss) per share is computed using the weighted average number of shares of common stock outstanding, including restricted shares which, although they are legally outstanding and have voting rights, are subject to vesting and are treated as common stock equivalents in calculating basic net income (loss) per share. Diluted net income (loss) per share is computed using the weighted average number of shares of common stock outstanding and dilutive potential shares of common stock from stock options and warrants outstanding during the period. Diluted shares outstanding include the dilutive effect of in-the-money options, which is calculated based on the average share price for each period using the treasury stock method.

Employee share options, non-vested shares and similar equity instruments granted by MRV are treated as potential shares of common stock outstanding in computing diluted net income per share. Under the treasury stock method, the amount the employee must pay for exercising stock options, the amount of compensation cost for future service not yet recognized, and the amount of income tax benefits that would be realized and recorded in additional paid-in capital if the deduction for the award would reduce income taxes payable are assumed to be used to repurchase shares.


11



The following table sets forth the computation of net income (loss) per common share – basic and diluted (in thousands, except per share amounts):
 
 
Three months ended
 
Nine months ended
 
 
September 30
 
September 30
 
 
2016
 
2015
 
2016
 
2015
Numerator:
 
 
 
 
 
 
 
 
Net income (loss)
 
$
(3,113
)
 
$
886

 
$
(9,032
)
 
$
(463
)
Denominator
 
 
 
 
 
 
 
 
Basic weighted average common shares outstanding
 
6,868

 
6,978

 
6,912

 
7,032

Effect of dilutive securities
 
—

 
36

 
—

 
—

Diluted weighted average common shares outstanding
 
6,868

 
7,014

 
6,912

 
7,032

 
 
 
 
 
 
 
 
 
Net income (loss) per common share
 
 
 
 
 
 
 
 
Basic
 
$
(0.45
)
 
$
0.13

 
$
(1.31
)
 
$
(0.07
)
Diluted
 
$
(0.45
)
 
$
0.13

 
$
(1.31
)
 
$
(0.07
)

Outstanding stock options to purchase 414,174 and 290,974 shares of common stock were excluded from the computation of dilutive income (loss) per shares for the three months ended September 30, 2016 and 2015, respectively, as they were anti-dilutive. Outstanding stock options to purchase 436,037 and 407,480 shares of common stock were excluded from the computation of dilutive loss per shares for the nine months ended September 30, 2016 and 2015, respectively, as they were anti-dilutive. Treasury shares are excluded from the number of shares outstanding.

9.
Share-Based Compensation

MRV records share-based compensation expense at fair value. The following table summarizes the impact on MRV's results of operations of recording share-based compensation for the three and nine months ended September 30, 2016 and 2015 (in thousands):
 
 
Three months ended
 
Nine months ended
 
 
September 30,
 
September 30,
 
 
2016
 
2015
 
2016
 
2015
Cost of goods sold
 
$
39

 
$
35

 
$
109

 
$
90

Product development and engineering
 
24

 
68

 
163

 
161

Selling, general and administrative
 
346

 
213

 
834

 
507

Total share-based compensation expense (1)
 
$
409

 
$
316

 
$
1,106

 
$
758


(1)
Income tax benefits realized from stock option exercises and similar awards were immaterial in all periods.

No stock options or restricted shares were granted during the three months ended September 30, 2016. During the nine months ended September 30, 2016, the Company granted 240,039 stock options with a related fair value of $4.86 per option and 88,869 restricted shares with a related fair value $10.95 per share.

During the three months ended September 30, 2015, the Company granted 31,000 stock options with a related fair value of $5.28 per option and 11,000 restricted shares with a related fair value of $12.12 per share. During the nine months ended September 30, 2015, the Company granted 228,848 stock options with a related fair value of $4.31 per option and 82,872 restricted shares with a related fair value of $9.96 per share.

As of September 30, 2016, the total unrecognized share-based compensation balance for unvested options, net of expected forfeitures, was $2.4 million and is expected to be amortized over a weighted-average period of 2.0 years.


12



Valuation Assumptions

MRV uses the Black-Scholes option pricing model to estimate the fair value of stock option awards or related modifications. The Black-Scholes model requires the use of subjective and complex assumptions, including the option's expected life and the underlying stock price volatility. MRV bases volatility on the Company's historical quoted prices and peer company data.
Nine months ended September 30,
2016
2015
Risk-free interest rate
1.4
%
1.7
%
Dividend yield (1)
—

—

Volatility
46
%
43
%
Expected life (in years)
5.9

6.0


(1)
As the Company does not pay a dividend on a regular basis, and dividends paid in the past have been special in nature, a dividend rate of zero was used.

10.
Geographic Information

Following the completion of the sale of the Tecnonet business unit on December 3, 2015, MRV now has only one reportable segment: Network Equipment.

The Network Equipment segment designs, manufactures, sells and services equipment used by commercial customers, governments and telecommunications service providers. Products include packet switching, optical transport, infrastructure management equipment and service orchestration and provisioning software.

Revenues:

The following table summarizes external revenue by geographic region for the three months ended September 30, 2016 and 2015 (in thousands):
Three months ended September 30:
 
2016
 
% of revenue
 
2015
 
% of revenue
Revenue:
 
 
 
 
 
 
 
 
United States
 
$
9,207

 
49
%
 
$
10,369

 
45
%
Americas (Excluding U.S.)
 
1,878

 
10
%
 
1,297

 
6
%
Europe
 
3,125

 
16
%
 
5,202

 
23
%
Asia Pacific
 
4,737

 
25
%
 
6,065

 
26
%
Total
 
$
18,947

 
100
%
 
$
22,933

 
100
%

A significant percentage of the revenues generated in the Asia Pacific region are derived from Australia and accounted for 22% and 25% of our consolidated revenue for the three months ended September 30, 2016 and 2015, respectively. Revenues generated in Europe and the Americas (excluding U.S.) did not reflect any significant individual country concentration for the three months ended September 30, 2016 and 2015.

The following table summarizes external revenue by geographic region for the nine months ended September 30, 2016 and 2015 (in thousands):
Nine months ended September 30:
 
2016
 
% of revenue
 
2015
 
% of revenue
Revenue:
 
 
 
 
 
 
 
 
United States
 
$
30,164

 
51
%
 
$
34,233

 
49
%
Americas (Excluding the U.S.)
 
5,833

 
10
%
 
5,917

 
9
%
Europe
 
10,573

 
18
%
 
14,731

 
21
%
Asia Pacific
 
12,843

 
21
%
 
14,756

 
21
%
Total
 
$
59,413

 
100
%
 
$
69,637

 
100
%


13



A significant percentage of the revenues generated in the Asia Pacific region are derived from Australia and accounted for 20% and 19% of our consolidated revenue for the nine months ended September 30, 2016 and 2015, respectively. Revenues generated in Europe and the Americas(excluding U.S.) did not reflect any significant individual country concentration for the nine months ended September 30, 2016 and 2015.

Significant Customers:

Revenue from one customer accounted for 21% and 25% of our consolidated revenue for the three months ended September 30, 2016 and 2015, respectively, and 16% and 19% of our consolidated revenue for the nine months ended September 30, 2016, and 2015, respectively. As of September 30, 2016 and December 31, 2015, amounts due from this customer accounted for 17% and 15% of our consolidated gross accounts receivables, respectively.

Revenue from another customer accounted for 11% and 13% of our consolidated revenue for the three months ended September 30, 2016 and 2015, respectively, and 13% of our consolidated revenue for the nine months ended September 30, 2016, and 2015. As of September 30, 2016 and December 31, 2015, amounts due from this customer accounted for 14% and 5% of our consolidated gross accounts receivables, respectively.

Long-lived Assets:

The following table summarizes long-lived assets, consisting of property and equipment, by geographic region (in thousands):
 
 
September 30, 2016
 
December 31, 2015
Americas
 
$
2,331

 
$
2,808

Europe
 
950

 
1,223

Asia Pacific
 
14

 
19

Total
 
$
3,295

 
$
4,050


11. Indemnification Obligations

In connection with the sale by MRV of Source Photonics Inc. ("SPI") in October 2010, MRV agreed to indemnify the buyer against certain claims brought after the closing for prior-occurring events. Most of the indemnification obligations have expired, however any indemnification obligations related to intellectual property extend until the third anniversary of the closing, while indemnification related to employee benefits, environmental liabilities and taxes extend until their applicable statute of limitations has run plus 90 days, and indemnification obligations are not time limited for title and ownership representations. These indemnification obligations are subject to a $1.0 million deductible and a $20.0 million cap, and we have purchased an insurance policy to protect against such obligations.
 
The Company has received a notice from SPI, advising the Company of a tax audit for periods including tax returns filed prior to the acquisition of SPI by the buyer. MRV believes that it has meritorious defenses to the extent a formal indemnification claim is asserted and has submitted the potential claim to its insurer. MRV intends to vigorously contest any claim; however, no formal legal proceeding has been commenced, and MRV can provide no assurance that such claim would not have a material adverse effect on its business, operating results or financial condition.

Our agreements for the sale of certain business; CES in March 2012, Alcadon and Interdata in October 2012, and Tecnonet in December 2015, include customary indemnification obligations running to the respective buyers.

In connection with the sale of CES, MRV agreed to indemnify the buyer for the representations and warranties made in the sale and purchase agreement and purchased an insurance policy to protect against any claims of indemnification related to the representations and warranties.

In the normal course of business to facilitate sales of its products, MRV indemnifies other parties, including customers, lessors and parties to other transactions with us, with respect to certain matters. The Company has agreed to hold the other parties harmless against losses arising from a breach of representation or covenants, for intellectual property infringement, or other claims made against certain parties. These agreements may limit the time within which an indemnification claim can be made and the amount of the claim.


14



In addition, the Company has indemnification obligations to its current and certain former officers, directors, employees and agents, as set forth in the Company's bylaws.

We cannot estimate the amount of potential future payments, if any, that it might be required to make as a result of these obligations. Over the last decade, the Company has not incurred any significant expense as a result of obligations of this type that were not otherwise covered by our insurance policies. Accordingly, the Company has not accrued any amounts for such indemnification obligations. However, there can be no assurances that expenses will not be incurred under these indemnification provisions in the future.

We have agreements whereby our officers and directors are indemnified for certain events or occurrences while the officer or director is, or was, serving at our request in such capacity. The maximum potential amount of future payments we could be required to make under these indemnification agreements is unlimited; however, we retain directors and officers insurance that reduces our exposure and enables us to recover portions of amounts paid. As a result of our insurance coverage, we believe the estimated fair value of these indemnification agreements is minimal. Accordingly, no liabilities have been recorded for these agreements as of September 30, 2016 and December 31, 2015.

12.
Commitments and Contingencies

Purchase Commitments with Outsourcing Partners and Component Suppliers
We utilize several outsourcing partners to manufacture sub-assemblies for the Company’s products and to perform final assembly and testing of finished products. These outsourcing partners acquire components and build product based on demand information supplied by the Company, which typically covers periods up to 150 days. The Company also obtains individual components for its products from a wide variety of individual suppliers. Consistent with industry practice, the Company acquires components through a combination of purchase orders, supplier contracts, and open orders based on projected demand information. As of September 30, 2016 and December 31, 2015, the Company had outstanding minimum future commitments for manufacturing and component purchases which totaled $13.6 million and $11.9 million, respectively.
The Company records a liability for firm, non-cancelable and unconditional purchase commitments for quantities in excess of its future demand forecasts. As of September 30, 2016 and December 31, 2015, the liability for these purchase commitments was $0.4 million and $0.2 million, respectively, and is included in accounts payable on the condensed consolidated balance sheets.
Litigation
We are subject to legal claims and litigation in the ordinary course of business, including but not limited to product liability, employment and intellectual property claims. The outcome of any such matters is currently not determinable. In addition, we were party to the litigation set forth below.
Nhan T. Vo, individually and on behalf of other aggrieved employees vs. the Company, Superior Court of California, County of Los Angeles. On June 27, 2013, the plaintiff in this matter filed a lawsuit against the Company alleging claims for failure to properly pay overtime or provide meal and rest breaks to its non-exempt employees in California, among other things. The complaint seeks an unspecified amount of damages and penalties under provisions of the Labor Code, including the Labor Code Private Attorneys General Act. The Company has filed an answer denying all allegations regarding the plaintiff’s claims and asserting various defenses. Management believes it has accrued adequate reserves for this matter and does not expect the matter to have a material adverse effect on its business or financial condition. However, depending on the actual outcome of this case, further provisions could be recorded in the future which may have a material adverse effect on the Company’s operating results.
In connection with the sale by MRV of SPI in October 2010, MRV agreed to indemnify the buyer against certain claims brought after the closing for prior-occurring events. The Company has received a notice from SPI, advising the Company of a tax audit for periods including tax returns filed prior to the acquisition of SPI by the buyer. Management believes that it has meritorious defenses to the extent a formal indemnification claim is asserted and has submitted the potential claim to its insurer. MRV intends to vigorously contest any claim; however, no formal legal proceeding has been commenced, and MRV can provide no assurance that such claim would not have a material adverse effect on its business, operating results or financial condition.

15



From time to time, MRV receives notices from third parties alleging possible infringement of patents with respect to product features or manufacturing processes. Management believes such notices are common in the communications industry because of the large number of patents that have been filed on these subjects. The Company's policy is to discuss these notices with the parties in an effort to demonstrate that MRV's products and/or processes do not violate any patents. Management does not believe that any of these matters will result in a material adverse outcome.
MRV and its subsidiaries have from time to time been named as a defendant in other lawsuits involving matters that management considers routine to the nature of its business. Management is of the opinion that the ultimate resolution of such outstanding matters will not have a material adverse effect on our business, operating results and financial condition.

13. Share Repurchase

On March 15, 2016, the Company's Board of Directors approved a repurchase of shares of the Company's common stock in an amount up to $10.0 million under a stock repurchase program that expires on March 10, 2017. Through September 30, 2016, the Company repurchased 232,284 shares at a total cost of approximately $2.4 million, excluding commissions, under this stock repurchase program. As of September 30, 2016, the Company had remaining authority to repurchase shares up to an additional $7.6 million, excluding commissions, under this stock repurchase program prior to its expiration. Through November 2, 2016, the Company repurchased a total of 264,058 shares at a total cost of approximately $2.7 million, excluding commissions, under this stock repurchase program, leaving remaining authority to repurchase shares up to an additional $7.3 million, excluding commissions, under this stock repurchase program prior to its expiration. On November 2, 2016, the Company's Board of Directors approved the termination of the Company's stock repurchase program. (See Note 16, Subsequent Events)

14. Income Taxes

The following table provides details of income taxes for the three and nine months ended September 30, 2016 and 2015 (in thousands, except percentages):
 
 
Three months ended
 
Nine months ended
 
 
September 30,
 
September 30,
 
 
2016
 
2015
 
2016
 
2015
Income (loss) before provision (benefit) for income taxes
 
$
(3,082
)
 
$
109

 
$
(8,904
)
 
$
(2,189
)
Provision (benefit) for income taxes
 
31

 
(39
)
 
128

 
88

Effective tax rate
 
(1
)%
 
(36
)%
 
(1
)%
 
(4
)%

The effective tax rate fluctuates based on the amount of pre-tax income or loss generated in the various jurisdictions where we conduct operations and pay income tax. The income tax expense is primarily due to state minimum income taxes that do not benefit from our state net operating loss carryforwards and to income tax in foreign jurisdictions without net operating loss carryforwards.

As of December 31, 2015, MRV had federal, state and foreign net operating loss ("NOL") carryforwards available of $169.3 million, $102.2 million and $98.5 million, respectively. Under the Internal Revenue Code, if a corporation undergoes an "ownership change," the corporation's ability to use its pre-change NOLs, capital loss carryforwards and other pre-change tax attributes to offset its post-change income may be limited. An ownership change is generally defined as a greater than 50% change in its equity ownership by value over a three-year period. We may experience an ownership change in the future as a result of subsequent shifts in our stock ownership. If we were to trigger an ownership change in the future, our ability to use any NOLs and capital loss carryforwards existing at that time could be limited. As of September 30, 2016, the deferred tax assets related our federal, state and foreign NOLs had a full valuation allowance.

NOL Rights Plan
On January 26, 2016, in an effort to protect the Company from potential adverse consequences arising from an ownership change under the Internal Revenue Code, including a significant reduction in the annual utilization of the Company’s net operating loss carryforwards, built-in losses and the impairment or loss of the NOLs and built-in losses prior to their use, the Company's Board of Directors approved the adoption of the Rights Agreement with American Stock Transfer & Trust Company, LLC, ("Rights Plan"). Pursuant to the Rights Plan, the Company declared a dividend distribution of one preferred stock purchase right (each a “Right” and collectively, the "Rights") for each outstanding share of the Company’s common stock to stockholders of record as of the close of business on February 10, 2016 (the Record Date"). Except in certain circumstances set forth in the Rights Plan, each Right entitles the holder to purchase from the Company one one-thousandth of a share of Series A Junior Participating Preferred Stock, $0.01 par value, of the Company (“Preferred Stock”) at a price of $68.64, subject to adjustment. The NOL Rights Plan was ratified by the Company's stockholders on June 15, 2016, at the Company's annual meeting of stockholders.

The Rights initially trade together with the common stock and are not exercisable. Subject to certain exceptions specified in the Rights Plan, the Rights will separate from the common stock and become exercisable following the earlier to of (i) the tenth calendar day after a public announcement or filing that a person or group has become an “Acquiring Person,” which is defined as a person who has acquired, or obtained the right to acquire, beneficial ownership of 4.99% or more of the common stock then outstanding, subject to certain exceptions, or (ii) the tenth calendar day (or such later date as may be determined by the Board of Directors) after any person or group commences a tender or exchange offer, the consummation of which would result in a person or group becoming an Acquiring Person. If a person or group becomes an Acquiring Person, each Right will entitle its holders (other than such Acquiring Person) to purchase one share at a price of $68.64, subject to adjustment. At any time after a person becomes an Acquiring Person, the Board of Directors may exchange all or part of the outstanding Rights (other than those held by an Acquiring Person) for shares of common stock at an exchange rate of one share of common stock for each Right. The Company will promptly give public notice of any exchange (although failure to give notice will not affect the validity of the exchange).

The Rights will expire upon certain events described in the Rights Plan, including the time at which the Rights are redeemed in accordance with the Agreement, the time at which the Rights are exchanged in accordance with the Agreement, or the time at which the Board Directors determines that the NOLs are fully utilized or no longer available under Section 382 of the Code. However, in no event will the Rights Plan expire later than the close of business on January 26, 2019. Until the close of business on the tenth calendar day after the day a public announcement or a filing is made indicating that a person or group has become an Acquiring Person, the Company may in its sole and absolute discretion amend the Rights or the Rights Plan without the approval of any holders of the Rights or shares of common stock in any manner, including without limitation, amendments that increase or decrease the purchase price or redemption price or accelerate or extend the final expiration date or the period in which the Rights may be redeemed. The Company may also amend the Rights Plan after the close of business on the tenth calendar day after the day such public announcement or filing is made to cure ambiguities, to correct defective or inconsistent provisions, to shorten or lengthen time periods under the Rights Plan or in any other manner that does not adversely affect the interests of holders of the Rights. No amendment of the Rights Plan may extend its expiration date.

15. Discontinued Operations

On December 3, 2015, the Company completed the sale of all of its shares of Tecnonet. On February 19, 2016, the Company received a payment of €4.3 million (approximately $4.8 million) representing the post-closing purchase price adjustment pursuant to the Purchase Agreement. The Company included the $4.8 million receivable representing the post-closing purchase price adjustment on its consolidated balance sheet within other current assets as of December 31, 2015. Prior to its disposition, Tecnonet was the last remaining business unit in our Network Integration segment. The historical financial results of Tecnonet, prior to its sale, have been reclassified as discontinued operations for all periods presented. The Company reported net income of $0.7 million and $1.8 million from discontinued operations, net of income tax expense, for the three and nine months ended September 30, 2015, respectively, related to Tecnonet.

16. Subsequent Events

On November 2, 2016, the Company's Board of Directors approved the termination of the Company's stock repurchase program.


16



Item 2.
Management's Discussion and Analysis of Financial Condition and Results of Operations

The following discussion and analysis of our financial condition and results of operations should be read in conjunction with the Condensed Consolidated Financial Statements and Notes thereto included elsewhere in this Form 10-Q, and Items 6, 7 and 8 of our 2015 Form 10-K. The discussion in this Form 10-Q contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, and may qualify for the safe harbor provided for in Section 21E of the Exchange Act. We generally identify forward-looking statements as statements other than statements of historical fact and by use of such terms as “anticipate,” “appear,” “believe,” “contemplate,” “could,” “estimate,” “expect,” “intend,” “may,” “should,” “plan,” “project,” “target,” “foresee,” “goal,” “likely,” “will,” and “would,” or similar statements.

Forward-looking statements involve known and unknown risks and uncertainties that could cause actual results to differ materially from those projected. In addition, the statements in this Form 10-Q may involve certain risks, uncertainties and assumptions, the likelihood of which are difficult to assess and may not occur, including risks that each of its business segments may not make the expected progress in its respective market, or that management's long-term strategy may not achieve the expected results. Other risks and uncertainties relate to delayed lead times in receiving components and delayed delivery times to customers due to short-term capacity constraints, potential changes in relationships with MRV's customers and suppliers and their financial condition, MRV's success in developing, introducing and shipping product enhancements and new products, competition in our market segments, market acceptance of new products and our ability to succeed in entering new markets, continued market acceptance of existing products and continued success in selling the products of other companies, product price discounts and general pricing pressure in certain of our markets, the timing and amount of significant orders from customers, obsolete inventory or product returns, warranty and other claims on products, the continued ability of MRV to protect its intellectual property rights and avoid onerous licensing fees, changes in product mix, maturing product life cycles, implementation of operating cost structures that align with revenue growth, political instability in areas of the world in which MRV operates or sells its products and services, currency fluctuations, changes in accounting rules, general economic conditions, as well as changes in such conditions specific to our market segments, maintenance of our inventory and production backlog, supply constraints directly or indirectly caused by natural disasters, litigation, including but not limited to patent infringement claims and litigation related to MRV's historical stock option granting practices.

In light of the risks and uncertainties inherent whenever matters or events expected to occur or not occur in the future are discussed, there can be no assurance that the forward-looking information contained in this Form 10-Q will in fact transpire or prove to be accurate.  All subsequent written and oral forward-looking statements attributable to the Company or persons acting on our behalf are expressly qualified in their entirety by this introduction. In light of the risks and uncertainties in all such projected operational matters, the inclusion of forward-looking statements in this Form 10-Q should not be regarded as a representation by the Company or any other person that the objectives or plans of the Company will be achieved or that any of the Company's operating expectations will be realized. Revenue and results of operations are difficult to forecast and could differ materially from those projected in the forward-looking statements contained in this Form 10-Q for the reasons detailed in Item 1A “Risk Factors” of Part I on the Company's 2015 Form 10-K and as set forth in item 1A of Part II of this Form 10-Q. Readers should not place undue reliance on forward-looking statements, which reflect management's view only as of the date of this Form 10-Q. The Company undertakes no obligation to amend this Form 10-Q or revise publicly these forward-looking statements (other than pursuant to requirements imposed on registrants pursuant to Item 1A under Part II of Form 10-Q) to reflect subsequent events or circumstances.  Readers should also carefully review the risk factors described in other documents the Company files from time to time with the SEC and the cautionary statements contained in our press releases when we provide forward-looking information.

Overview

At MRV, we design, manufacture, sell and service equipment used by telecommunications service providers, data center operators, enterprises and governments throughout the world. Our technologies, platforms and expertise enable our customers to overcome the challenge of orchestrating the ever-increasing need for capacity while improving service delivery and lowering network costs for critical applications such as high-capacity business services, mobile backhaul and data center connectivity. Products include equipment and optical components for packet switching, optical transport, infrastructure management as well as service orchestration and provisioning software.


17



Until the third quarter of 2015, we operated our business along two principal segments: Network Equipment and Network Integration. Our Network Integration segment, which consisted of Tecnonet as its sole business unit, operated primarily in Italy, servicing Tier One service providers, regional carriers, large enterprises and government institutions. On December 3, 2015, the Company completed the sale of all of its shares of Tecnonet.

The sale of Tecnonet is reported as discontinued operations requiring retrospective restatement of prior periods to classify the results of operations for Tecnonet as discontinued operations in this Form 10-Q for all periods presented. Cash flows from discontinued operations are presented separately from the cash flows from continuing operations in the accompanying Statement of Cash Flows. (See Note 15, Discontinued Operations)

Our business involves reliance on foreign-based offices. Several of our operations, outside subcontractors and suppliers are located in foreign countries including; Argentina, Australia, Canada, Denmark, Germany, Israel, Italy, Netherlands, Philippines, Poland, Russia, Taiwan, Thailand and the United Kingdom. For the nine months ended September 30, 2016, and 2015, external revenues from foreign subsidiaries accounted for 21%, and 23%, respectively, of our total revenue. The majority of our foreign sales are to customers located in the Asia Pacific region, with remaining foreign sales primarily to customers in Europe and the Americas.

As of September 30, 2016, the Company had $20.9 million in cash and cash equivalents and $5.3 million in restricted time deposits.

On March 15, 2016, the Company's Board of Directors approved a repurchase of shares of the Company's common stock in an amount up to $10.0 million under a stock repurchase program that expires on March 10, 2017. Through September 30, 2016, the Company repurchased 232,284 shares at a total cost of approximately $2.4 million, excluding commissions, under this stock repurchase program. As of September 30, 2016, the Company had remaining authority to repurchase shares up to an additional $7.6 million, excluding commissions, under this stock repurchase program prior to its expiration. Through November 2, 2016, the Company repurchased a total of 264,058 shares at a total cost of approximately $2.7 million, excluding commissions, under this stock repurchase program, leaving remaining authority to repurchase shares up to an additional $7.3 million, excluding commissions, under this stock repurchase program prior to its expiration. On November 2, 2016, the Company's Board of Directors approved the termination of the Company's stock repurchase program.

Critical Accounting Policies

Management's Discussion and Analysis of the Company's financial condition and results of operations are based upon the condensed consolidated financial statements, which have been prepared in accordance with GAAP.

The preparation of these financial statements requires management to make estimates, assumptions and judgments that can affect the reported amounts of assets, liabilities, revenue and expenses, and related disclosure of contingent assets and liabilities. Management believes that the estimates, assumptions and judgments involved in the accounting policies described below have the greatest potential impact on our financial statements and considers these to be our critical accounting policies. Because of the uncertainty inherent in these matters, actual results could differ from the estimates we use in applying the critical accounting policies. Certain of these critical accounting policies affect working capital account balances, including the policies for revenue recognition, allowance for doubtful accounts, inventory reserves and income taxes. These policies require that we make estimates in the preparation of our financial statements as of a given date.

Within the context of these critical accounting policies, we are not currently aware of any reasonably likely events or circumstances that would result in materially different amounts being reported.


18



Revenue Recognition.   Our major revenue-generating products consist of packet switching, optical transport, infrastructure management and service provisioning software. We recognize product revenue, net of sales discounts, returns and allowances, when persuasive evidence of an arrangement exists, delivery has occurred and all significant contractual obligations have been satisfied, the fee is fixed or determinable and collection is considered reasonably assured. Products are generally shipped "FOB shipping point," with no right of return and revenue is recognized upon shipment. If revenue is to be recognized upon delivery, such delivery date is tracked through information provided by the third party shipping company we use to deliver the product to the customer. Sales of services and system support are deferred and recognized ratably over the contract period. Sales to end customers with contingencies, such as rights of return, rotation rights, conditional acceptance provisions and price protection, are infrequent and insignificant and are deferred until the contingencies have been satisfied or the contingent period has lapsed. For sales to distributors, we generally recognize revenue when product is sold to the distributor rather than when the product is sold by the distributor to the end user. In certain circumstances, distributors have limited rights of return, including stock rotation rights, and/or are entitled to price protection, where a rebate credit may be provided to the customer if we lower our price on products held in the distributor's inventory. We estimate and establish allowances for expected future product returns and credits. We record a reduction in revenue for estimated future product returns and future credits to be issued to the customer in the period in which revenue is recognized, and for future credits to be issued in relation to price protection at the time we make changes to our distributor price book. We monitor product returns and potential price adjustments on an ongoing basis and estimate future returns and credits based on historical sales returns, analysis of credit memo data, and other factors known at the time of revenue recognition.
 
We generally warrant our products against defects in materials and workmanship for 90 days to three year periods. The estimated costs of warranty obligations and sales returns and other allowances are recognized at the time of revenue recognition based on contract terms and prior claims experience.

Accounting for Multiple-Element Arrangements entered into prior to January 1, 2011. Arrangements with customers may include multiple deliverables involving combinations of equipment, services and software. In accordance with ASC 605-25 Multiple-Element Arrangements, the entire fee from the arrangement is allocated to each respective element based on its relative fair value and recognized when revenue recognition criteria for each element is met. Fair value for each element is established based on the sales price charged when the same element is sold separately. If multiple element arrangements include software or software-related elements, we apply the provisions of ASC 985-605 Software to the software and software-related elements, or to the entire arrangement if the software is essential to the functionality of the non-software elements.

Accounting for Multiple-Element Arrangements entered into after January 1, 2011. We allocate arrangement consideration at the inception of the arrangement to all deliverables using the relative selling price method. The selling price we use for each deliverable is based on (a) vendor-specific objective evidence if available; (b) third-party evidence if vendor-specific objective evidence is not available; or (c) estimated selling price if neither vendor-specific objective evidence nor third-party evidence is available. We allocate discounts in the arrangement proportionally on the basis of the fair value of each deliverable.

Allowance for Doubtful Accounts. We make ongoing estimates relating to the collectability of our accounts receivable and maintain a reserve for estimated losses resulting from the inability of customers to meet their financial obligations to us. In determining the amount of the reserve, we consider our historical level of credit losses and make judgments about the creditworthiness of significant customers based on ongoing credit evaluations. Actual future losses from uncollectible accounts may differ from our estimates because we cannot precisely predict future changes in the financial stability of our customers. If the financial condition of our customers deteriorates, resulting in their inability to make payments, a larger reserve may be required. In the event we determine that a change in the allowance is appropriate, we would record a credit or a charge to selling, general and administrative expense in the period in which we make such a determination.

Concentration of Credit Risk.   Financial instruments that potentially subject the Company to concentrations of credit risk consist primarily of cash and cash equivalents placed with financial institutions and accounts receivable due from customers. We perform ongoing credit evaluations of our customers and maintain reserves for potential credit losses.


19



Inventory.   We make ongoing estimates relating to the net realizable value of inventories, based upon our assumptions about future demand and market conditions. If we estimate that the net realizable value of our inventory is less than the cost of the inventory recorded on our books, we record an adjustment to the cost basis equal to the difference between the cost of the inventory and the estimated net realizable market value. This adjustment is recorded as a charge to cost of goods sold, and includes estimates for excess quantities and obsolete inventory. If changes in market conditions result in reductions in the estimated net realizable value of our inventory below previous estimates, we would make further adjustments in the period in which we make such a determination and record a charge to cost of goods sold. At the time of recording the adjustment, a new, lower cost basis for that inventory is established, and subsequent changes in facts and circumstances do not result in the restoration of, or increase in, that newly established cost basis.

Intangible Assets. We make judgments about the recoverability of intangible assets with finite lives whenever events or changes in circumstances indicate that impairment may exist. Recoverability of intangible assets with finite lives is measured by comparing the carrying amount of the asset to the future undiscounted cash flows the asset is expected to generate. Our ongoing consideration of all the factors described previously could result in additional impairment charges in the future, which could adversely affect our net income.

Income Taxes. As part of the process of preparing our annual financial statements, we estimate the income taxes in each of the jurisdictions in which we operate based on the estimated annual effective tax rate by jurisdiction. This process involves estimating the current income tax exposure together with assessing temporary differences resulting from differing treatment of items, such as deferred revenue, for income tax and accounting purposes. These differences result in deferred income tax assets and liabilities, which are included in our Consolidated Balance Sheets. We assess the likelihood that our deferred income tax assets will be recovered from future taxable income, and to the extent we believe that recovery is not likely, we establish a valuation allowance. To the extent we establish a valuation allowance or increase this allowance in a period, we include an expense within the income tax provision in the Condensed Consolidated Statements of Operations.

We utilize significant management judgment to determine the provision for income taxes, deferred income tax assets and liabilities, including uncertain tax positions and any valuation allowance recorded against net deferred income tax assets. Management periodically evaluates the deferred income tax assets as to whether it is likely that the deferred income tax assets will be realized. We establish a valuation allowance on the deferred income tax asset at the time we determine the asset is not likely to be realized. If we later determine that it is more-likely-than-not that a deferred tax asset will be realized, we release the valuation allowance and record a credit within the Condensed Consolidated Statements of Operations.

Share-Based Compensation.   We determine the fair value of stock options using the Black-Scholes valuation model. The assumptions used in calculating the fair value of share-based payment awards represent our best estimates. Our estimates may be impacted by certain variables including stock price volatility, employee stock option exercise behaviors, additional stock option grants, estimates of forfeitures and the related income tax impact. (See Note 9 “Share-Based Compensation” to the Financial Statements in Part 1, Item 1, of this Form 10-Q for further discussion.)

For further information around our critical accounting policies, please refer to “Critical Accounting Policies” in Part II, Item 7, “Management’s Discussion and Analysis of Financial Condition and Results of Operations” of our Annual Report on Form 10-K.



20



Results of Operations

The following table sets forth, for the periods indicated, certain consolidated statements of operations data (dollars in thousands):
 
 
Three Months Ended 
 September 30,
 
Nine Months Ended 
 September 30,
 
 
2016
 
2015
 
2016
 
2015
Revenue:
 
 
 
 
 
 
 
 
Product revenue
 
$
16,063

 
$
20,847

 
$
50,728

 
$
61,809

Service revenue
 
2,884

 
2,086

 
8,685

 
7,828

Total revenue
 
18,947

 
22,933

 
59,413

 
69,637

Cost of Revenue:
 
 
 
 
 
 
 
 
Cost of product
 
8,868

 
9,758

 
26,748

 
31,007

Cost of services
 
1,113

 
1,061

 
3,825

 
3,013

Total cost of revenue
 
9,981

 
10,819

 
30,573

 
34,020

Gross profit
 
8,966

 
12,114

 
28,840

 
35,617

Operating expenses:
 
 
 
 
 
 
 
 
Product development and engineering
 
4,937

 
4,901

 
15,406

 
15,336

Selling, general and administrative
 
6,931

 
7,281

 
21,955

 
22,396

Total operating expenses
 
11,868

 
12,182

 
37,361

 
37,732

Operating loss
 
(2,902
)
 
(68
)
 
(8,521
)
 
(2,115
)
Interest expense
 
(7
)
 
(11
)
 
(35
)
 
(48
)
Other income (expense), net
 
(173
)
 
188

 
(348
)
 
(26
)
Income (loss) from continuing operations before provision for income taxes
 
(3,082
)
 
109

 
(8,904
)
 
(2,189
)
Provision (benefit) for income taxes
 
31

 
(39
)
 
128

 
88

Income (loss) from continuing operations
 
(3,113
)
 
148

 
(9,032
)
 
(2,277
)
Income from discontinued operations, net of income taxes of $490 and $1,303 in 2015
 
—

 
738

 
—

 
1,814

Net income (loss)
 
$
(3,113
)
 
$
886

 
$
(9,032
)
 
$
(463
)

Discontinued Operations

On December 3, 2015, the Company completed the sale of all of its shares of Tecnonet. On February 19, 2016, the Company received a payment of €4.3 million (approximately $4.8 million) representing the post-closing purchase price adjustment pursuant to the Purchase Agreement.

The Company reported net income of $0.7 million and $1.8 million from discontinued operations, net of income tax expense, for the three and nine months ended September 30, 2015, respectively, related to Tecnonet.


21



Three months ended September 30, 2016 Compared to the Three months ended September 30, 2015

Three months ended September 30:
 
2016
 
2015
 
$ Change
 
% Change
Revenue:
 
 
 
 
 
 
 
 
Product revenue
 
$
16,063

 
$
20,847

 
$
(4,784
)
 
(23
)%
Service revenue
 
2,884

 
2,086

 
798

 
38
 %
Total revenue
 
18,947

 
22,933

 
(3,986
)
 
(17
)%
Cost of Revenue:
 
 
 
 
 
 
 
 
Cost of product
 
8,868

 
9,758

 
(890
)
 
(9
)%
Cost of services
 
1,113

 
1,061

 
52

 
5
 %
Total cost of revenue
 
9,981

 
10,819

 
(838
)
 
(8
)%
Gross profit
 
8,966

 
12,114

 
(3,148
)
 
(26
)%
Operating expenses:
 
 
 
 
 
 
 
 
Product development and engineering
 
4,937

 
4,901

 
36

 
1
 %
Selling, general and administrative
 
6,931

 
7,281

 
(350
)
 
(5
)%
Total operating expenses
 
11,868

 
12,182

 
(314
)
 
(3
)%
Operating loss
 
(2,902
)
 
(68
)
 
(2,834
)
 
4,168
 %
Interest expense
 
(7
)
 
(11
)
 
4

 
(36
)%
Other income (expense), net
 
(173
)
 
188

 
(361
)
 
(192
)%
Income (loss) from continuing operations before provision for income taxes
 
(3,082
)
 
109

 
(3,191
)
 
(2,928
)%
Provision (benefit) for income taxes
 
31

 
(39
)
 
70

 
(179
)%
Income (loss) from continuing operations
 
(3,113
)
 
148

 
(3,261
)
 
(2,203
)%
Income from discontinued operations, net of income taxes of $490 in 2015
 
—

 
738

 
(738
)
 
(100
)%
Net income (loss)
 
$
(3,113
)
 
$
886

 
$
(3,999
)
 
(451
)%

Revenue

Revenue decreased $4.0 million, or 17%, for the three months ended September 30, 2016, compared to the three months ended September 30, 2015, primarily due to a $4.8 million, or 23%, decrease in product revenue, offset by the $0.8 million, or 38% increase in service revenue. The decrease in revenue in the United States and Europe was primarily the result of reduced demand in our service provider and data center interconnect markets for our systems and optical components sold as part of our systems in addition to fewer large scale network projects. Also impacting revenue was the continued decline of our legacy infrastructure management products. The decrease in revenue in the Asia Pacific region was primarily due to inventory adjustments in our largest service provider customer. Conversely, in the Americas (excluding the U.S.), we experienced significant improvement as we witnessed an increase in demand from Tier 1 and Tier 2 customers primarily for our optical components. Furthermore, revenue for the three months ended September 30, 2016, was negatively impacted in the amount of $1.0 million due to delayed shipments resulting from the recent consolidation of contract manufacturing and logistics relationships. These delays are not expected to continue in the future.

The following table summarizes revenue by geographic region (in thousands):
Three months ended September 30:
 
2016
 
2015
 
$ change
 
% change
Revenue:
 
 
 
 
 
 
 
 
United States
 
$
9,207

 
$
10,369

 
$
(1,162
)
 
(11
)%
Americas (excluding the U.S.)
 
1,878

 
1,297

 
581

 
45
 %
Europe
 
3,125

 
5,202

 
(2,077
)
 
(40
)%
Asia Pacific
 
4,737

 
6,065

 
(1,328
)
 
(22
)%
Total revenue
 
$
18,947

 
$
22,933

 
$
(3,986
)
 
(17
)%



22



Gross Profit

The Company's cost of revenue consists of materials, compensation expense including non-cash stock-based compensation expense, depreciation expense and other manufacturing overhead costs, expenses associated with excess and obsolete inventories and product warranty costs. Historically, our cost of revenue as a percentage of revenue, has fluctuated significantly due to customer, product and sales channel mix, manufacturing yields, sales volumes and inventory and specific product warranty charges.

Gross profit decreased $3.1 million, or 26%, for the three months ended September 30, 2016, compared to the three months ended September 30, 2015, principally due to a $4.8 million, or 23%, decrease in product revenue. The combined gross profit margin percentage for product and service revenues decreased 5.5 percentage points to 47.3% for the three months ended September 30, 2016, compared to 52.8% for the three months ended September 30, 2015. The gross profit margin percentage for product revenues decreased 8.4 percentage point to 44.8% for the three months ended September 30, 2016, compared to 53.2% for the three months ended September 30, 2015, while the gross profit margin percentage for service revenues increased 12.3% percentage points to 61.4% for the three months ended September 30, 2016, compared to 49.1% for the three months ended September 30, 2015. The 8.4 percentage point decline in product gross profit margin percentage was primarily a result of the mix of product sold and the geographic region sold into. In addition, actions to improve operations and consolidate our contract manufacturing burdened the current quarter with an additional $0.3 million in expenses or 1.9% percentage points on margin. The associated costs are considered non-recurring and we expect the efficiencies gained by these actions to generate ongoing financial benefits once fully implemented. The 12.3% percentage point improvement in service revenue gross profit margin percentage is related to capitalizing on the improvement efforts related to customer support and maintenance to enhance our customer experience that commenced in 2015.

Operating Expenses

Operating expenses were $11.9 million, or 62.6% of revenue, for the three months ended September 30, 2016, compared to $12.2 million, or 53.1% of revenue, for the three months ended September 30, 2015. The $0.3 million, or 3% decrease in operating expenses for the three months ended September 30, 2016, compared to the three months ended September 30, 2015, were primarily driven by a $0.3 million decrease in labor expense for selling and general and administrative charges related to decreased headcount. Additionally, operating expenses also benefited from the $0.2 million reduction in accounting and legal fees in the quarter compared to the prior year period. These decreases were partially offset by a $0.3 million increase in general and administrative expenses as a result of a $0.2 million charge related to idle facility resulting from consolidating facilities in Chatsworth, California for the three months ended September 30, 2016, compared to the three months ended September 30, 2015.

Operating Loss

The Company reported an operating loss of $2.9 million for the three months ended September 30, 2016, compared to an operating loss of $0.1 million for three months ended September 30, 2015. The $2.8 million decline in operating results was primarily the result of $3.1 million, or 26%, decrease in gross profit, partially offset by the $0.3 million, or 3% decrease in operating expenses. Our operating margin declined to (15.3)% for the three months ended September 30, 2016, compared to (0.3)% operating margin for the three months ended September 30, 2015. The operating loss included share-based compensation expense of $0.4 million and $0.3 million for the three months ended September 30, 2016 and 2015, respectively.

Provision (benefit) for Income Taxes

The provision for income taxes for the three months ended September 30, 2016 was approximately $31,000, compared to a (benefit) for income taxes of $39,000 for the three months ended September 30, 2015, and was computed based on an estimated annual effective tax rate for the Company in each of the various tax jurisdictions we operate. Our income tax provision fluctuates based on the amount of pre-tax income or loss generated in the various jurisdictions where we conduct operations and pay income tax.

23



Tax Loss Carryforwards
As of December 31, 2015, MRV had federal, state and foreign net operating loss ("NOL") carryforwards available of $169.3 million, $102.2 million and $98.5 million, respectively. Under the Internal Revenue Code, if a corporation undergoes an "ownership change," the corporation's ability to use its pre-change NOLs, capital loss carryforwards and other pre-change tax attributes to offset its post-change income may be limited. An ownership change is generally defined as a greater than 50% change in its equity ownership by value over a three-year period. We may experience an ownership change in the future as a result of subsequent shifts in our stock ownership. If we were to trigger an ownership change in the future, our ability to use any NOLs and capital loss carryforwards existing at that time could be limited. As of September 30, 2016, the deferred tax assets related to our federal and state NOLs had a full valuation allowance.

Discontinued Operations
On December 3, 2015, the Company completed the sale of all of its shares of Tecnonet. On February 19, 2016, the Company received a payment of €4.3 million (approximately $4.8 million) representing the post-closing purchase price adjustment pursuant to the Purchase Agreement. The Company included the $4.8 million receivable representing the post-closing purchase price adjustment on its consolidated balance sheet within other current assets as of December 31, 2015. Prior to its disposition, Tecnonet was the last remaining business unit in our Network Integration segment. The historical financial results of Tecnonet, prior to its sale have been reclassified as discontinued operations for all periods presented. The Company reported net income of $0.7 million from discontinued operations, net of income tax expense for the three months ended September 30, 2015, related to Tecnonet.

Nine months ended September 30, 2016 Compared To Nine months ended September 30, 2015

Nine months ended September 30:
 
2016
 
2015
 
$ Change
 
% Change
Revenue:
 
 
 
 
 
 
 
 
Product revenue
 
$
50,728

 
$
61,809

 
$
(11,081
)
 
(18
)%
Service revenue
 
8,685

 
7,828

 
857

 
11
 %
Total revenue
 
59,413

 
69,637

 
(10,224
)
 
(15
)%
Cost of Revenue:
 
 
 
 
 
 
 
 
Cost of product
 
26,748

 
31,007

 
(4,259
)
 
(14
)%
Cost of services
 
3,825

 
3,013

 
812

 
27
 %
Total cost of revenue
 
30,573

 
34,020

 
(3,447
)
 
(10
)%
Gross profit
 
28,840

 
35,617

 
(6,777
)
 
(19
)%
Operating expenses:
 
 
 
 
 
 
 
 
Product development and engineering
 
15,406

 
15,336

 
70

 
—
 %
Selling, general and administrative
 
21,955

 
22,396

 
(441
)
 
(2
)%
Total operating expenses
 
37,361

 
37,732

 
(371
)
 
(1
)%
Operating loss
 
(8,521
)
 
(2,115
)
 
(6,406
)
 
303
 %
Interest expense
 
(35
)
 
(48
)
 
13

 
(27
)%
Other expense, net
 
(348
)
 
(26
)
 
(322
)
 
1,238
 %
Loss from continuing operations before provision for income taxes
 
(8,904
)
 
(2,189
)
 
(6,715
)
 
307
 %
Provision for income taxes
 
128

 
88

 
40

 
45
 %
Loss from continuing operations
 
(9,032
)
 
(2,277
)
 
(6,755
)
 
297
 %
Income from discontinued operations, net of income taxes of $1,303 in 2015
 
—

 
1,814

 
(1,814
)
 
(100
)%
Net loss
 
$
(9,032
)
 
$
(463
)
 
$
(8,569
)
 
1,851
 %

24




Revenue

Revenue decreased $10.2 million, or 15%, for the nine months ended September 30, 2016, compared to the nine months ended September 30, 2015, primarily driven by the $11.1 million, or 18%, decrease in product revenue, offset by the $0.9 million, or 11% increase in service revenue. The decrease in revenue in all geographic regions was driven by reduced sales of legacy infrastructure management products and fewer network expansion projects experienced particularly in the United States. The $4.1 million decrease in revenues generated in the United States was mainly attributable to decreased order volume over the same period in the prior year from regional service providers for project related expansions. The $4.2 million decrease in revenues generated in Europe was a result of a decrease in channel partner order volume. The $1.9 million and $0.1 million decline in revenues generated in the Asia Pacific region and Americas (excluding the U.S), respectively, were primarily the result of decreased shippable order volume from some of our larger Australian and South American customers. Furthermore, revenue for the nine months ended September 30, 2016, was also negatively impacted in the amount of $1.0 million due to delayed shipments resulting from the recent consolidation of contract manufacturing and logistics relationships. These delays are not expected to continue in the future.

The following table summarizes revenue by geographic region (dollars in thousands):
Nine months ended September 30:
 
2016
 
2015
 
$ Change
 
% Change
Revenue:
 
 
 
 
 
 
 
 
United States
 
$
30,164

 
$
34,233

 
$
(4,069
)
 
(12
)%
Americas (excluding the U.S.)
 
5,833

 
5,917

 
(84
)
 
(1
)
Europe
 
10,573

 
14,731

 
(4,158
)
 
(28
)
Asia Pacific
 
12,843

 
14,756

 
(1,913
)
 
(13
)
Total revenue
 
$
59,413

 
$
69,637

 
$
(10,224
)
 
(15
)%

Gross Profit

Gross profit decreased $6.8 million, or 19%, for the nine months ended September 30, 2016, compared to the nine months ended September 30, 2015, principally due to a $11.1 million, or 18%, decrease in product revenue. The combined gross profit margin percentage for product and service revenues decreased 2.6 percentage points to 48.5% for the nine months ended September 30, 2016, compared to 51.1% for the nine months ended September 30, 2015. The gross profit margin percentage for product revenues decreased marginally at 2.5 percentage points to 47.3% for the nine months ended September 30, 2016, compared to 49.8% for the nine months ended September 30, 2015, while the gross profit margin percentage for service revenues decreased 5.5% percentage points to 56.0% for the nine months ended September 30, 2016, compared to 61.5% for the nine months ended September 30, 2015. The marginal decrease in product gross profit margin was primarily a result of the mix of products sold and the geographic region sold into. The reduction in service revenue gross profit margin was primarily attributable to a $0.4 million increase in labor expense that was directly related to improvement efforts related to customer support and maintenance to enhance our customer experience, a charge of approximately $0.3 million for potentially excess and obsolete inventory, and a $0.2 million increase in material costs.

Operating Expenses

Operating expenses were $37.4 million, or 62.9% of revenue, for the nine months ended September 30, 2016, compared to $37.7 million, or 54.2% of revenue, for the nine months ended September 30, 2015. Operating expenses remained relatively consistent when compared to the prior year period. Product development and engineering expenses increased approximately $0.1 million primarily due to increased headcount offset by the $0.4 million decrease in selling, general and administrative labor expenses mainly due to decreased headcount and decreased sales commission expenses due primarily to lower product revenues. Operating expenses also improved due to lower accounting and legal fees.


25



Operating Loss

The Company reported an operating loss of $8.5 million for the nine months ended September 30, 2016, compared to an operating loss of $2.1 million for nine months ended September 30, 2015. The $6.4 million decline in operating results was primarily the result of $10.2 million, or 15%, decrease in revenues. Our operating margin declined to (14.3)% for the nine months ended September 30, 2016 compared to (3.0)% operating margin for the nine months ended September 30, 2015. The operating loss included share-based compensation expense of $1.1 million and $0.8 million for the nine months ended September 30, 2016 and 2015, respectively.

Provision for Income Taxes

The provision for income taxes for the nine months ended September 30, 2016 and 2015 was approximately $128,000 and $88,000, respectively and was computed based on an estimated annual effective tax rate for the Company in each of the various tax jurisdictions we operate. Our income tax provision fluctuates based on the amount of pre-tax income or loss generated in the various jurisdictions where we conduct operations and pay income tax.

Discontinued Operations
Prior to its disposition, Tecnonet was the last remaining business unit in our Network Integration segment. The historical financial results of Tecnonet, prior to its sale have been reclassified as discontinued operations for all periods presented. The Company reported net income of $1.8 million from discontinued operations, net of income tax expense for the nine months ended September 30, 2015, related to Tecnonet.

Liquidity and Capital Resources

During the nine months ended September 30, 2016, the Company's cash decreased approximately $5.2 million to $20.9 million from $26.2 million. There were net cash outflows from working capital of approximately $0.5 million, including $1.1 million in other assets as a result of increased value added tax receivables, $1.2 million in deferred revenue due to timing of shipments, $0.5 million in accounts receivable primarily due to timing of cash receipts, offset by cash inflows of $2.3 million, including $2.1 million in accounts payable and accrued liabilities as a result of timing of cash disbursements and a $0.2 million decrease in inventory due to timing of shipments. Net cash provided by investing activities included $4.8 million in proceeds from the sale of the Tecnonet, offset by $0.7 million in purchases of property, plant and equipment. Net cash used in financing activities included $2.4 million in purchase of treasury shares.

We periodically review our capital position and consider returning capital to stockholders through special dividends or share repurchases when cash on hand exceeds our foreseeable cash needs. We also periodically review the capital needs of our business units. We plan to invest approximately $2.0 million over the next 12 months to upgrade our infrastructure and equipment needed to support the Company's growth objectives in the Carrier Ethernet and optical transport markets among others. We believe that cash on hand will be sufficient to satisfy current operating needs, capital expenditures and product development and engineering requirements for at least the next 12 months. We may seek to obtain debt financing if we believe it appropriate. We may limit our ability to use available NOLs and capital loss carryforwards if we seek financing through issuance of additional equity securities.

Working Capital

The following table summarizes our working capital position (in thousands):
 
 
September 30, 2016
 
December 31, 2015
Current assets
 
$
55,218

 
$
63,273

Current liabilities
 
24,876

 
23,792

Working capital
 
$
30,342

 
$
39,481

Current ratio (1)
 
2.2
 
2.7

(1)
Determined by dividing total current assets by total current liabilities.


26



Off-Balance Sheet Arrangements

We do not have transactions, arrangements or other relationships with unconsolidated entities that are reasonably likely to affect our liquidity or capital resources. We have no special purpose or limited purpose entities that provided off-balance sheet financing, liquidity or market or credit risk support, engaged in leasing, hedging, research and development services, or other relationships that expose us to liability that is not reflected on the face of the financials.

Contractual Obligations

During the nine months ended September 30, 2016, there were no material changes in our contractual obligations.

Internet Access to Our Financial Documents

We maintain a website at www.mrv.com. We make available, free of charge, either by direct access or hyperlink, our Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K and amendments to those reports filed or furnished pursuant to Section 13(a) or 15(d) of the Exchange Act as soon as reasonably practicable after such reports are electronically filed with, or furnished to, the SEC. Our reports filed with, or furnished to, the SEC are also available directly at the SEC's website at www.sec.gov.

Item 3.
Quantitative and Qualitative Disclosures About Market Risk

Market risk represents the risk of loss that may impact our Condensed Consolidated Financial Statements through adverse changes in financial market prices and rates and inflation. Our market risk exposure results primarily from fluctuations in foreign exchange and interest rates. We manage our exposure to these market risks through our regular operating and financing activities, and in certain instances, through the use of derivative financial instruments. These derivative instruments are used to manage risks of volatility in interest and foreign exchange rate movements on certain assets, liabilities or anticipated transactions and create a relationship in which gains or losses on derivative instruments are expected to counter-balance the losses or gains on the assets, liabilities or anticipated transactions exposed to such market risks. As of September 30, 2016, we did not have any such derivative financial instruments outstanding.

Interest Rates.    Our investments expose us to interest rate fluctuations. Our cash and short-term investments are subject to limited interest rate risk, and are primarily maintained in money market funds and bank deposits.

Foreign Exchange Rates.    We operate on an international basis with revenues and expenses transacted in currencies other than the U.S. dollar. Fluctuation in the value of these foreign currencies affects our results and will cause U.S. dollar translation of such currencies to vary from one period to another. We cannot predict the effect of exchange rate fluctuations upon future operating results. However, because we have revenues and expenses in each of these foreign currencies, the effect on our results of operations from currency fluctuations is reduced.

Certain assets and liabilities, including certain bank accounts, accounts receivables and accounts payables of some of our business units, exist in currencies other than the functional currency of the related business units and are sensitive to foreign currency exchange rate fluctuations. These currencies principally include the U.S. dollar, the Taiwan dollar, and the Israeli new shekel. When these transactions are settled in a currency other than the functional currency, we recognize a foreign currency transaction gain or loss.

When we translate the financial position or results of operations of subsidiaries with functional currencies other than the U.S. dollar, we recognize a foreign currency translation gain or loss as a component of other comprehensive income (loss). Changes in the relative values of non-U.S. currencies to the U.S. dollar affect our results. We conduct a significant portion of our business in foreign currencies, the Israeli new shekel and the Taiwan dollar. For the nine months ended September 30, 2016 and 2015, 21% and 23% of external revenue, respectively, and 36% and 35%, respectively, of operating expenses were generated and incurred at foreign subsidiaries. For the nine months ended September 30, 2016, the exchange rates for the Taiwan dollar weakened 3% against the U.S. dollar compared to the nine months ended September 30, 2015, so revenue and expenses in these currencies translated into slightly fewer dollars than they would have in the prior period. For the nine months ended September 30, 2016, the exchange rates for the Israeli new shekel strengthened 1% against the U.S. dollar compared to the six months ended September 30, 2015, so revenue and expenses in these currencies translated into slightly higher dollars than they would have in the prior period.


27



Fluctuations in currency exchange rates of foreign currencies have an impact on the U.S. dollar equivalent of such currencies included in cash and cash equivalents reported in our financial statements.

The following table summarizes cash and cash equivalents held in various currencies and translated into U.S. dollars (in thousands):
 
 
September 30, 2016
 
December 31, 2015
U.S. dollars
 
$
18,740

 
$
23,461

Euros
 
167

 
171

Taiwan dollars
 
31

 
141

Israeli new shekels
 
623

 
1,723

Other
 
1,361

 
673

Total cash and cash equivalents
 
$
20,922

 
$
26,169


Macro-economic uncertainties.  We believe that the past few years of sustained softness in the global economy has affected our revenues and operating results. When economic uncertainties increase, our customers often take a more cautious approach in their capital expenditures, resulting in order delays, slowing deployments and lengthening sales cycles. This may lead to increased competition for projects and price pressures resulting in lower gross margins. Despite these economic uncertainties, we believe that our customers need to continue investing in their networks to meet the growth in consumer and enterprise use of high-bandwidth communications services. We believe in our longer term market opportunities, but we are uncertain how long the downturn in economic conditions will continue and how our customers will interpret and react to market conditions.

Item 4.
Controls and Procedures

Under the supervision and with the participation of management, including the Company’s Chief Executive Officer and Chief Financial Officer, the Company has, pursuant to Rule 13a-15(b) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), evaluated the effectiveness of the design and operation of its disclosure controls and procedures (as defined under Rule 13a-15(e) of the Exchange Act).

Based upon that evaluation the Company’s Chief Executive Officer and its Chief Financial Officer have concluded that, as of the end of the period covered by this report, the Company’s disclosure controls and procedures were effective.

There was no change in our internal control over financial reporting during the three and nine months ended September 30, 2016 that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

PART II - OTHER INFORMATION

Item 1.
Legal Proceedings

We are subject to legal claims and litigation in the ordinary course of business, including but not limited to product liability, employment and intellectual property claims. The outcome of any such matters is currently not determinable. In addition, we were party to the litigation set forth below.
Nhan T. Vo, individually and on behalf of other aggrieved employees vs. the Company, Superior Court of California, County of Los Angeles. On June 27, 2013, the plaintiff in this matter filed a lawsuit against the Company alleging claims for failure to properly pay overtime or provide meal and rest breaks to its non-exempt employees in California, among other things. The complaint seeks an unspecified amount of damages and penalties under provisions of the Labor Code, including the Labor Code Private Attorneys General Act. The Company has filed an answer denying all allegations regarding the plaintiff’s claims and asserting various defenses. Management believes it has accrued adequate reserves for this matter and does not expect the matter to have a material adverse effect on its business or financial condition. However, depending on the actual outcome of this case, further provisions could be recorded in the future which may have a material adverse effect on the Company’s operating results.

28



In connection with the sale by MRV of SPI in October 2010, MRV agreed to indemnify the buyer against certain claims brought after the closing for prior-occurring events. The Company has received a notice from SPI, advising the Company of a tax audit for periods including tax returns filed prior to the acquisition of SPI by the buyer. Management believes that it has meritorious defenses to the extent a formal indemnification claim is asserted and has submitted the potential claim to its insurer. MRV intends to vigorously contest any claim; however, no formal legal proceeding has been commenced, and MRV can provide no assurance that such claim would not have a material adverse effect on its business, operating results or financial condition.
From time to time, MRV receives notices from third parties alleging possible infringement of patents with respect to product features or manufacturing processes. Management believes such notices are common in the communications industry because of the large number of patents that have been filed on these subjects. The Company's policy is to discuss these notices with the parties in an effort to demonstrate that MRV's products and/or processes do not violate any patents. Management does not believe that any of these matters will result in a material adverse outcome.
MRV and its subsidiaries have from time to time been named as a defendant in other lawsuits involving matters that management considers routine to the nature of its business. Management is of the opinion that the ultimate resolution of such outstanding matters will not have a material adverse effect on our business, operating results and financial condition.

Item 1A.
Risk Factors

There have been no material changes in the Company's risk factors that have been previously disclosed in Part I, Item 1A of the Company's 2015 Annual Report on Form 10-K.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.

Issuer Purchases of Equity Securities

On March 15, 2016, the Company's Board of Directors approved a repurchase of shares of the Company's common stock in an amount up to $10.0 million under a stock repurchase program that expires on March 10, 2017. Through September 30, 2016, the Company repurchased 232,284 shares at a total cost of approximately $2.4 million, excluding commission, under this stock repurchase program. As of September 30, 2016, the Company had remaining authority to repurchase shares up to an additional $7.6 million, excluding commission, under this stock repurchase program prior to its expiration. On November 2, 2016, the Company's Board of Directors approved the termination of the Company's stock repurchase program.
Period
 
Total number of shares purchased
 
Average price paid per share
 
Total number of shares purchased as part of publicly announced plans or programs
 
Maximum amount remaining for purchase under the repurchase plan
July 1, 2016 to July 31, 2016
 
9,917

 
$
11.53

 
9,917

 
$
8,016,588

August 1, 2016 to August 31, 2016
 
7,842

 
$
11.57

 
7,842

 
$
7,925,892

September 1, 2016 to September 30, 2016
 
25,620

 
$
11.64

 
25,620

 
$
7,627,789

Total
 
43,379

 
$
11.60

 
43,379

 
 

Item 3. Defaults Upon Senior Securities

Not applicable.

Item 4. Mine Safety Disclosures

Not applicable.


29



Item 5. Other Information

On March 15, 2016, the Company's Board of Directors approved a repurchase of shares of the Company's common stock in an amount up to $10.0 million under a stock repurchase program that expires on March 10, 2017. Through November 2, 2016, the Company repurchased a total of 264,058 shares at a total cost of approximately $2.7 million, excluding commissions, leaving remaining authority to repurchase shares up to an additional $7.3 million, excluding commissions, under this stock repurchase program. On November 2, 2016, the Company's Board of Directors approved the termination of the Company's stock repurchase program. In reaching its decision, management and the Board of directors considered the importance of continuing investments in key product development programs while reducing cash outflows for non-essential expenses and the stock repurchase program.

Item 6. Exhibits

(a)    Exhibits


No.
Description
 
 
 
31.1

 
Certification of the Principal Executive Officer required by Rule 13a-14(a) of the Exchange Act (filed herewith)
 
 
31.2

 
Certification of the Principal Financial Officer required by Rule 13a-14(a) of the Exchange Act (filed herewith)
 
 
32.1

 
Certification of the Principal Executive Officer pursuant to 18 U.S.C. Section 1350 (furnished herewith)
 
 
32.2

 
Certification of the Principal Financial Officer pursuant to 18 U.S.C. Section 1350 (furnished herewith)
 
 
 
101.INS

 
XBRL Instance Document (filed herewith)
 
 
101.SCH

 
XBRL Taxonomy Extension Schema Document (filed herewith)
 
 
101.CAL

 
XBRL Taxonomy Calculation Linkbase Document (filed herewith)
 
 
101.LAB

 
XBRL Taxonomy Label Linkbase Document (filed herewith)
 
 
101.PRE

 
XBRL Taxonomy Presentation Linkbase Document (filed herewith)
 
 
101.DEF

 
XBRL Taxonomy Extension Definition Document (filed herewith)

30



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 on November 3, 2016.

 
MRV COMMUNICATIONS, INC.
 
 
 
By: /s/ Mark J. Bonney
 
Mark J. Bonney
 
Chief Executive Officer
 
Principal Executive Officer
 
 
 
By: /s/ Stephen G. Krulik
 
Stephen G. Krulik
 
Chief Financial Officer
 
Principal Financial and Accounting Officer

31
 EX-31.1 2 mrv-exx311x2016q3.htm EXHIBIT 31.1 Exhibit


Exhibit 31.1
 
CERTIFICATION OF THE PRINCIPAL EXECUTIVE OFFICER
REQUIRED BY RULE 13a-14(a) OF THE EXCHANGE ACT
 
I, Mark J. Bonney, certify that:
 
1.
I have reviewed this Quarterly Report of MRV Communications, Inc. on Form 10-Q for the period ended September 30, 2016;
2.
Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3.
Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
4.
The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) for the registrant and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:
a.
designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
b.
designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; 
c.
evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and 
d.
disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and 
5.
The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of registrant’s board of directors (or persons performing the equivalent function):
a.
all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and 
b.
any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.
 
 
Date:
November 3, 2016
 
 
 
 
/s/ Mark J. Bonney
 
Mark J. Bonney
 
Chief Executive Officer
 
(Principal Executive Officer)



 EX-31.2 3 mrv-exx312x2016q3.htm EXHIBIT 31.2 Exhibit


Exhibit 31.2
 
CERTIFICATION OF THE PRINCIPAL FINANCIAL OFFICER
REQUIRED BY RULE 13a-14(a) OF THE EXCHANGE ACT
 
I, Stephen G. Krulik, certify that:
 
1.
I have reviewed this Quarterly Report of MRV Communications, Inc. on Form 10-Q for the period ended September 30, 2016;
2.
Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3.
Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
4.
The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) for the registrant and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:
a.
designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
b.
designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
c.
evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
d.
disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and
5.
The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of registrant’s board of directors (or persons performing the equivalent function):
a.
all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and
b.
any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.
 
Date:
November 3, 2016
 
 
 
 
/s/ Stephen G. Krulik
 
Stephen G. Krulik
 
Chief Financial Officer
 
(Principal Financial and Accounting Officer)



 EX-32.1 4 mrv-exx321x2016q3.htm EXHIBIT 32.1 Exhibit


Exhibit 32.1
 
CERTIFICATIONS OF THE PRINCIPAL EXECUTIVE OFFICER PURSUANT TO
18 U.S.C. SECTION 1350
 
In connection with the Quarterly Report of MRV Communications, Inc. (the “Company”) on Form 10-Q for the period ended September 30, 2016, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Mark J. Bonney, Chief Executive Officer of the Company certify pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:
 
1.
The Report fully complies with the requirements of Section 13(a) or 15(d), as applicable, of the Securities Exchange Act of 1934, as amended; and
2.
The information contained in the report fairly presents, in all material respects, the financial condition and results of operations of the Company.
 
Date:
November 3, 2016
 
 
 
 
/s/ Mark J. Bonney
 
Mark J. Bonney
 
Chief Executive Officer
 
(Principal Executive Officer)


 EX-32.2 5 mrv-exx322x2016q3.htm EXHIBIT 32.2 Exhibit


Exhibit 32.2

CERTIFICATION OF THE PRINCIPAL FINANCIAL OFFICER PURSUANT TO
18 U.S.C. SECTION 1350

In connection with the Quarterly Report of MRV Communications, Inc. (the “Company”) on Form 10-Q for the period ended September 30, 2016, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Stephen G. Krulik, Chief Financial Officer of the Company certify pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

1.
The Report fully complies with the requirements of Section 13(a) or 15(d), as applicable, of the Securities Exchange Act of 1934, as amended; and

2.
The information contained in the report fairly presents, in all material respects, the financial condition and results of operations of the Company.
 
Date:
November 3, 2016
 
 
 
 
/s/ Stephen G. Krulik
 
Stephen G. Krulik
 
Chief Financial Officer
 
(Principal Financial and Accounting Officer)



 EX-101.INS 6 mrvc-20160930.xml XBRL INSTANCE DOCUMENT 0000887969 2016-01-01 2016-09-30 0000887969 2016-11-02 0000887969 2015-07-01 2015-09-30 0000887969 2016-07-01 2016-09-30 0000887969 2015-01-01 2015-09-30 0000887969 2016-09-30 0000887969 2015-12-31 0000887969 2014-12-31 0000887969 2015-09-30 0000887969 2015-01-01 2015-06-30 0000887969 mrvc:TecnonetMember 2016-02-19 0000887969 mrvc:RestrictedTimeDepositMember 2015-12-31 0000887969 mrvc:ForeignMember 2015-12-31 0000887969 us-gaap:CertificatesOfDepositMember 2016-09-30 0000887969 us-gaap:BankTimeDepositsMember 2016-09-30 0000887969 us-gaap:BankTimeDepositsMember 2015-12-31 0000887969 mrvc:RestrictedTimeDepositMember 2016-09-30 0000887969 mrvc:ForeignMember 2016-09-30 0000887969 country:US 2015-12-31 0000887969 country:US 2016-09-30 0000887969 us-gaap:CertificatesOfDepositMember 2015-12-31 0000887969 us-gaap:MoneyMarketFundsMember us-gaap:FairValueInputsLevel1Member us-gaap:CarryingReportedAmountFairValueDisclosureMember 2016-09-30 0000887969 us-gaap:MoneyMarketFundsMember us-gaap:FairValueInputsLevel1Member us-gaap:EstimateOfFairValueFairValueDisclosureMember 2015-12-31 0000887969 us-gaap:MoneyMarketFundsMember us-gaap:FairValueInputsLevel1Member us-gaap:CarryingReportedAmountFairValueDisclosureMember 2015-12-31 0000887969 us-gaap:MoneyMarketFundsMember us-gaap:FairValueInputsLevel1Member us-gaap:EstimateOfFairValueFairValueDisclosureMember 2016-09-30 0000887969 us-gaap:MoneyMarketFundsMember us-gaap:FairValueInputsLevel1Member 2015-12-31 0000887969 us-gaap:MoneyMarketFundsMember us-gaap:FairValueInputsLevel1Member 2016-09-30 0000887969 mrvc:DevelopedTechnologyRightsNotPlacedinServiceMember 2016-09-30 0000887969 mrvc:DevelopedTechnologyRightsPlacedinServiceMember us-gaap:MaximumMember 2016-01-01 2016-09-30 0000887969 mrvc:DevelopedTechnologyRightsPlacedinServiceMember us-gaap:MinimumMember 2016-01-01 2016-09-30 0000887969 us-gaap:MaximumMember 2016-01-01 2016-09-30 0000887969 us-gaap:MinimumMember 2016-01-01 2016-09-30 0000887969 us-gaap:EmployeeStockOptionMember 2015-01-01 2015-09-30 0000887969 us-gaap:EmployeeStockOptionMember 2015-07-01 2015-09-30 0000887969 us-gaap:EmployeeStockOptionMember 2016-07-01 2016-09-30 0000887969 us-gaap:EmployeeStockOptionMember 2016-01-01 2016-09-30 0000887969 us-gaap:EmployeeStockOptionMember 2016-01-01 2016-09-30 0000887969 us-gaap:EmployeeStockOptionMember 2015-01-01 2015-09-30 0000887969 us-gaap:EmployeeStockOptionMember 2015-07-01 2015-09-30 0000887969 us-gaap:RestrictedStockMember 2016-01-01 2016-09-30 0000887969 us-gaap:RestrictedStockMember 2015-07-01 2015-09-30 0000887969 us-gaap:RestrictedStockMember 2015-01-01 2015-09-30 0000887969 us-gaap:SellingGeneralAndAdministrativeExpensesMember 2016-01-01 2016-09-30 0000887969 us-gaap:CostOfSalesMember 2016-07-01 2016-09-30 0000887969 us-gaap:CostOfSalesMember 2015-07-01 2015-09-30 0000887969 us-gaap:SellingGeneralAndAdministrativeExpensesMember 2016-07-01 2016-09-30 0000887969 us-gaap:SellingGeneralAndAdministrativeExpensesMember 2015-01-01 2015-09-30 0000887969 us-gaap:ResearchAndDevelopmentExpenseMember 2015-07-01 2015-09-30 0000887969 us-gaap:ResearchAndDevelopmentExpenseMember 2015-01-01 2015-09-30 0000887969 us-gaap:ResearchAndDevelopmentExpenseMember 2016-01-01 2016-09-30 0000887969 us-gaap:ResearchAndDevelopmentExpenseMember 2016-07-01 2016-09-30 0000887969 us-gaap:CostOfSalesMember 2016-01-01 2016-09-30 0000887969 us-gaap:CostOfSalesMember 2015-01-01 2015-09-30 0000887969 us-gaap:SellingGeneralAndAdministrativeExpensesMember 2015-07-01 2015-09-30 0000887969 us-gaap:RestrictedStockMember 2016-07-01 2016-09-30 0000887969 us-gaap:EmployeeStockOptionMember 2016-07-01 2016-09-30 0000887969 mrvc:AmericasExcludingTheUnitedStatesMember 2015-01-01 2015-09-30 0000887969 us-gaap:SalesRevenueServicesNetMember us-gaap:EuropeMember 2015-01-01 2015-09-30 0000887969 us-gaap:EuropeMember 2015-01-01 2015-09-30 0000887969 us-gaap:SalesRevenueServicesNetMember us-gaap:EuropeMember 2016-01-01 2016-09-30 0000887969 us-gaap:SalesRevenueServicesNetMember us-gaap:AsiaPacificMember 2015-01-01 2015-09-30 0000887969 us-gaap:SalesRevenueServicesNetMember country:US 2015-01-01 2015-09-30 0000887969 us-gaap:SalesRevenueServicesNetMember 2016-01-01 2016-09-30 0000887969 us-gaap:SalesRevenueServicesNetMember country:US 2016-01-01 2016-09-30 0000887969 mrvc:AmericasExcludingTheUnitedStatesMember 2016-01-01 2016-09-30 0000887969 us-gaap:SalesRevenueServicesNetMember mrvc:AmericasExcludingTheUnitedStatesMember 2016-01-01 2016-09-30 0000887969 us-gaap:EuropeMember 2016-01-01 2016-09-30 0000887969 country:US 2016-01-01 2016-09-30 0000887969 us-gaap:SalesRevenueServicesNetMember mrvc:AmericasExcludingTheUnitedStatesMember 2015-01-01 2015-09-30 0000887969 us-gaap:AsiaPacificMember 2016-01-01 2016-09-30 0000887969 country:US 2015-01-01 2015-09-30 0000887969 us-gaap:SalesRevenueServicesNetMember us-gaap:AsiaPacificMember 2016-01-01 2016-09-30 0000887969 us-gaap:AsiaPacificMember 2015-01-01 2015-09-30 0000887969 us-gaap:SalesRevenueServicesNetMember 2015-01-01 2015-09-30 0000887969 us-gaap:SalesRevenueServicesNetMember mrvc:MajorCustomerOneMember 2015-01-01 2015-09-30 0000887969 us-gaap:SalesRevenueServicesNetMember country:AU 2016-01-01 2016-09-30 0000887969 us-gaap:SalesRevenueServicesNetMember mrvc:MajorCustomerOneMember 2016-07-01 2016-09-30 0000887969 us-gaap:AccountsReceivableMember mrvc:MajorCustomerTwoMember 2015-12-31 2015-12-31 0000887969 us-gaap:AccountsReceivableMember mrvc:MajorCustomerOneMember 2016-06-30 2016-06-30 0000887969 us-gaap:AccountsReceivableMember mrvc:MajorCustomerTwoMember 2016-06-30 2016-06-30 0000887969 us-gaap:AccountsReceivableMember mrvc:MajorCustomerOneMember 2015-12-31 2015-12-31 0000887969 us-gaap:SalesRevenueServicesNetMember country:AU 2016-07-01 2016-09-30 0000887969 us-gaap:SalesRevenueServicesNetMember country:AU 2015-07-01 2015-09-30 0000887969 us-gaap:SalesRevenueServicesNetMember mrvc:MajorCustomerOneMember 2016-01-01 2016-09-30 0000887969 us-gaap:SalesRevenueServicesNetMember country:AU 2015-01-01 2015-09-30 0000887969 us-gaap:SalesRevenueServicesNetMember mrvc:MajorCustomerTwoMember 2016-07-01 2016-09-30 0000887969 us-gaap:SalesRevenueServicesNetMember mrvc:MajorCustomerOneMember 2015-07-01 2015-09-30 0000887969 us-gaap:SalesRevenueServicesNetMember mrvc:MajorCustomerTwoMember 2016-01-01 2016-09-30 0000887969 us-gaap:SalesRevenueServicesNetMember mrvc:MajorCustomerTwoMember 2015-07-01 2015-09-30 0000887969 us-gaap:AsiaPacificMember 2016-09-30 0000887969 us-gaap:EuropeMember 2016-09-30 0000887969 us-gaap:EuropeMember 2015-12-31 0000887969 us-gaap:AmericasMember 2015-12-31 0000887969 us-gaap:AmericasMember 2016-09-30 0000887969 us-gaap:AsiaPacificMember 2015-12-31 0000887969 us-gaap:SalesRevenueServicesNetMember mrvc:AmericasExcludingTheUnitedStatesMember 2015-07-01 2015-09-30 0000887969 country:US 2015-07-01 2015-09-30 0000887969 us-gaap:EuropeMember 2015-07-01 2015-09-30 0000887969 us-gaap:SalesRevenueServicesNetMember us-gaap:EuropeMember 2015-07-01 2015-09-30 0000887969 mrvc:AmericasExcludingTheUnitedStatesMember 2015-07-01 2015-09-30 0000887969 us-gaap:EuropeMember 2016-07-01 2016-09-30 0000887969 mrvc:AmericasExcludingTheUnitedStatesMember 2016-07-01 2016-09-30 0000887969 us-gaap:AsiaPacificMember 2016-07-01 2016-09-30 0000887969 us-gaap:SalesRevenueServicesNetMember us-gaap:AsiaPacificMember 2016-07-01 2016-09-30 0000887969 us-gaap:SalesRevenueServicesNetMember 2015-07-01 2015-09-30 0000887969 us-gaap:SalesRevenueServicesNetMember us-gaap:AsiaPacificMember 2015-07-01 2015-09-30 0000887969 us-gaap:SalesRevenueServicesNetMember us-gaap:EuropeMember 2016-07-01 2016-09-30 0000887969 us-gaap:SalesRevenueServicesNetMember country:US 2015-07-01 2015-09-30 0000887969 us-gaap:SalesRevenueServicesNetMember 2016-07-01 2016-09-30 0000887969 us-gaap:SalesRevenueServicesNetMember mrvc:AmericasExcludingTheUnitedStatesMember 2016-07-01 2016-09-30 0000887969 us-gaap:AsiaPacificMember 2015-07-01 2015-09-30 0000887969 us-gaap:SalesRevenueServicesNetMember country:US 2016-07-01 2016-09-30 0000887969 country:US 2016-07-01 2016-09-30 0000887969 us-gaap:SalesRevenueServicesNetMember mrvc:MajorCustomerTwoMember 2015-01-01 2015-09-30 0000887969 us-gaap:IndemnificationGuaranteeMember 2016-09-30 0000887969 mrvc:SourcePhotonicsMember us-gaap:IndemnificationGuaranteeMember 2016-09-30 0000887969 mrvc:SourcePhotonicsMember us-gaap:IndemnificationGuaranteeMember us-gaap:MaximumMember 2016-09-30 0000887969 mrvc:SourcePhotonicsMember us-gaap:IndemnificationGuaranteeMember 2016-01-01 2016-09-30 0000887969 us-gaap:IndemnificationGuaranteeMember 2015-12-31 0000887969 2016-03-15 2016-09-30 0000887969 us-gaap:SubsequentEventMember 2016-11-01 0000887969 us-gaap:SubsequentEventMember 2016-03-15 2016-11-01 0000887969 2016-03-15 0000887969 us-gaap:SeriesAPreferredStockMember 2016-01-26 0000887969 us-gaap:CommonStockMember 2016-01-26 0000887969 us-gaap:PreferredStockMember 2016-01-26 0000887969 us-gaap:OtherCurrentAssetsMember mrvc:TecnonetMember 2016-02-19 0000887969 us-gaap:DiscontinuedOperationsDisposedOfBySaleMember mrvc:TecnonetMember 2015-01-01 2015-09-30 0000887969 us-gaap:DiscontinuedOperationsDisposedOfBySaleMember mrvc:TecnonetMember 2015-07-01 2015-09-30 iso4217:USD xbrli:shares mrvc:segment iso4217:EUR iso4217:USD xbrli:pure xbrli:shares false --12-31 Q3 2016 2016-09-30 10-Q 0000887969 6808442 Accelerated Filer MRV COMMUNICATIONS INC 10000 5800000 0 233000 233000 4300000 4800000 P90D 1000000 0.0499 P3Y 0.5 45000 -87000 P3Y P90D 5749000 8473000 14837000 15373000 9972000 9252000 -1585000 -1482000 1285787000 1286953000 316000 35000 68000 213000 758000 90000 161000 507000 409000 39000 24000 346000 1106000 109000 163000 834000 1060000 945000 100000 150000 183000 290974 407480 414174 436037 69084000 60003000 63273000 55218000 14113000 26169000 21600000 4600000 20922000 15800000 5100000 22422000 19913000 26169000 20922000 1800000 1807000 1807000 0 0 0 -2509000 -5247000 -2111000 0 -74000 0 3834000 0 68.64 1 0.0001 0.0017 0.0017 16000000 16000000 8341000 8429000 6982000 6839000 270000 270000 1045000 -2488000 -3047000 -8929000 0.15 0.05 0.17 0.14 1.00 0.25 0.13 0.25 0.45 0.06 0.26 0.23 1.00 0.19 0.13 0.19 0.49 0.09 0.21 0.21 1.00 0.21 0.11 0.22 0.49 0.10 0.25 0.16 1.00 0.16 0.13 0.20 0.51 0.10 0.21 0.18 10819000 34020000 9981000 30573000 9758000 31007000 8868000 26748000 1061000 3013000 1113000 3825000 174000 0 7642000 6783000 169300000 98500000 102200000 1547000 1451000 490000 1303000 0 0 700000 1800000 0.13 -0.07 -0.45 -1.31 0.13 -0.07 -0.45 -1.31 -518000 11000 -0.36 -0.04 -0.01 -0.01 P2Y0M0D 2400000 P5Y P3Y 86000 82000 136000 234000 234000 295000 1067000 2000 -69000 12114000 35617000 8966000 28840000 148000 -2277000 -3113000 -9032000 109000 -2189000 -3082000 -8904000 0.02 -0.33 -0.45 -1.31 0.02 -0.33 -0.45 -1.31 738000 1814000 0 0 0.11 0.26 0.00 0.00 0.11 0.26 0.00 0.00 -39000 88000 31000 128000 765000 111000 34000 2720000 142000 508000 -308000 79000 390000 -486000 -25000 -1182000 -692000 -170000 -584000 -202000 -2018000 1139000 1153000 1067000 500000 11000 48000 7000 35000 102000 0 6255000 6346000 10226000 10185000 3132000 2928000 839000 911000 69084000 60003000 23792000 24876000 P150D 0 0 20000000 -6909000 -2302000 -4798000 -2302000 -1182000 4023000 -1108000 4023000 6100000 -6979000 2266000 -6979000 886000 -463000 -3113000 -9032000 4050000 2808000 19000 1223000 3295000 2331000 14000 950000 2 1 12182000 37732000 11868000 37361000 -68000 -2115000 -2902000 -8521000 6851000 3461000 608000 423000 159000 -2025000 66000 103000 196000 135000 3846000 3819000 188000 -26000 -173000 -348000 2400000 2700000 4944000 2375000 1162000 681000 0.01 0.01 0.01 1000000 1000000 0 0 0 0 0 0 0 4789000 9000 2000 146000 73000 593000 549000 73000 29000 4050000 3295000 -9000 -25000 11900000 13600000 4800000 200000.000000000 400000 4901000 15336000 4937000 15406000 5190000 200000 5200000 5000000 5277000 300000 5300000 5000000 -1227671000 -1236703000 20847000 61809000 16063000 50728000 22933000 10369000 1297000 6065000 5202000 69637000 34233000 5917000 14756000 14731000 18947000 9207000 1878000 4737000 3125000 59413000 30164000 5833000 12843000 10573000 2086000 7828000 2884000 8685000 7281000 22396000 6931000 21955000 758000 1106000 11000 82872 0 88869 12.12 9.96 10.95 0 0 0.43 0.46 0.017 0.014 31000 228848 0 240039 5.28 4.31 4.86 P6Y0M0D P5Y10M24D 10000000.0 7600000 7300000 41446000 31308000 1359000 1591000 232284 264058 15355000 17730000 36000 0 0 0 7014000 7032000 6868000 6912000 6978000 7032000 6868000 6912000 <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Cash and Cash Equivalents and Restricted Time Deposits</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">MRV accounts for highly liquid investments with an original maturity of </font><font style="font-family:Arial;font-size:10pt;color:#000000;text-decoration:none;">90 days</font><font style="font-family:Arial;font-size:10pt;"> or less as cash equivalents. Investments with maturities of less than one year are considered short-term and are included on the balance sheet in restricted time deposits. MRV maintains cash balances and investments in qualified financial institutions, and at various times such amounts are in excess of federally insured limits. As of </font><font style="font-family:Arial;font-size:10pt;">September&#160;30, 2016</font><font style="font-family:Arial;font-size:10pt;"> and </font><font style="font-family:Arial;font-size:10pt;">December 31, 2015</font><font style="font-family:Arial;font-size:10pt;">, the Company's U.S. entities held </font><font style="font-family:Arial;font-size:10pt;">$15.8 million</font><font style="font-family:Arial;font-size:10pt;"> and </font><font style="font-family:Arial;font-size:10pt;">$21.6 million</font><font style="font-family:Arial;font-size:10pt;"> in cash and cash equivalents. The remaining </font><font style="font-family:Arial;font-size:10pt;">$5.1 million</font><font style="font-family:Arial;font-size:10pt;"> and </font><font style="font-family:Arial;font-size:10pt;">$4.6 million</font><font style="font-family:Arial;font-size:10pt;">, respectively, were held by the Company's foreign subsidiaries in foreign bank deposit accounts.</font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Restricted time deposits represent investments that are restricted as to withdrawal or use and from time to time may include certificates of deposit. The investments in and releases of restricted time deposits are included in investing activities on the Company's Condensed Consolidated Statements of Cash Flows because the funds are invested in certificates of deposit. As of </font><font style="font-family:Arial;font-size:10pt;">September&#160;30, 2016</font><font style="font-family:Arial;font-size:10pt;"> and </font><font style="font-family:Arial;font-size:10pt;">December 31, 2015</font><font style="font-family:Arial;font-size:10pt;">, the Company held </font><font style="font-family:Arial;font-size:10pt;">$5.3 million</font><font style="font-family:Arial;font-size:10pt;"> and </font><font style="font-family:Arial;font-size:10pt;">$5.2 million</font><font style="font-family:Arial;font-size:10pt;"> of restricted time deposits, respectively; </font><font style="font-family:Arial;font-size:10pt;">$5.0 million</font><font style="font-family:Arial;font-size:10pt;"> of which represents a certificate of deposit with a highly rated financial institution and matures in December 2016. The remaining </font><font style="font-family:Arial;font-size:10pt;">$0.3 million</font><font style="font-family:Arial;font-size:10pt;"> and </font><font style="font-family:Arial;font-size:10pt;">$0.2 million</font><font style="font-family:Arial;font-size:10pt;"> of restricted time deposits held as of </font><font style="font-family:Arial;font-size:10pt;">September&#160;30, 2016</font><font style="font-family:Arial;font-size:10pt;"> and </font><font style="font-family:Arial;font-size:10pt;">December 31, 2015</font><font style="font-family:Arial;font-size:10pt;">, respectively, represent security deposits that are restricted due to their respective agreements.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Indemnification Obligations</font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">In connection with the sale by MRV of Source Photonics Inc. ("SPI") in October 2010, MRV agreed to indemnify the buyer against certain claims brought after the closing for prior-occurring events. Most of the indemnification obligations have expired, however any indemnification obligations related to intellectual property extend until the third anniversary of the closing, while indemnification related to employee benefits, environmental liabilities and taxes extend until their applicable statute of limitations has run plus </font><font style="font-family:Arial;font-size:10pt;">90</font><font style="font-family:Arial;font-size:10pt;"> days, and indemnification obligations are not time limited for title and ownership representations. These indemnification obligations are subject to a </font><font style="font-family:Arial;font-size:10pt;">$1.0 million</font><font style="font-family:Arial;font-size:10pt;"> deductible and a </font><font style="font-family:Arial;font-size:10pt;">$20.0 million</font><font style="font-family:Arial;font-size:10pt;"> cap, and we have purchased an insurance policy to protect against such obligations.</font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">The Company has received a notice from SPI, advising the Company of a tax audit for periods including tax returns filed prior to the acquisition of SPI by the buyer. MRV believes that it has meritorious defenses to the extent a formal indemnification claim is asserted and has submitted the potential claim to its insurer. MRV intends to vigorously contest any claim; however, no formal legal proceeding has been commenced, and MRV can provide no assurance that such claim would not have a material adverse effect on its business, operating results or financial condition. </font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Our agreements for the sale of certain business; CES in March 2012, Alcadon and Interdata in October 2012, and Tecnonet in December 2015, include customary indemnification obligations running to the respective buyers. </font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">In connection with the sale of CES, MRV agreed to indemnify the buyer for the representations and warranties made in the sale and purchase agreement and purchased an insurance policy to protect against any claims of indemnification related to the representations and warranties.</font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">In the normal course of business to facilitate sales of its products, MRV indemnifies other parties, including customers, lessors and parties to other transactions with us, with respect to certain matters. The Company has agreed to hold the other parties harmless against losses arising from a breach of representation or covenants, for intellectual property infringement, or other claims made against certain parties. These agreements may limit the time within which an indemnification claim can be made and the amount of the claim. </font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">In addition, the Company has indemnification obligations to its current and certain former officers, directors, employees and agents, as set forth in the Company's bylaws. </font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">We cannot estimate the amount of potential future payments, if any, that it might be required to make as a result of these obligations. Over the last decade, the Company has not incurred any significant expense as a result of obligations of this type that were not otherwise covered by our insurance policies. Accordingly, the Company has not accrued any amounts for such indemnification obligations. However, there can be no assurances that expenses will not be incurred under these indemnification provisions in the future.</font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">We have agreements whereby our officers and directors are indemnified for certain events or occurrences while the officer or director is, or was, serving at our request in such capacity. The maximum potential amount of future payments we could be required to make under these indemnification agreements is unlimited; however, we retain directors and officers insurance that reduces our exposure and enables us to recover portions of amounts paid. As a result of our insurance coverage, we believe the estimated fair value of these indemnification agreements is minimal. Accordingly, </font><font style="font-family:Arial;font-size:10pt;">no</font><font style="font-family:Arial;font-size:10pt;"> liabilities have been recorded for these agreements as of </font><font style="font-family:Arial;font-size:10pt;">September&#160;30, 2016</font><font style="font-family:Arial;font-size:10pt;"> and </font><font style="font-family:Arial;font-size:10pt;">December&#160;31, 2015</font><font style="font-family:Arial;font-size:10pt;">.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:4px;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">The following table summarizes the changes in the allowance for doubtful accounts during the </font><font style="font-family:Arial;font-size:10pt;">nine months ended</font><font style="font-family:Arial;font-size:10pt;"> </font><font style="font-family:Arial;font-size:10pt;">September&#160;30, 2016</font><font style="font-family:inherit;font-size:10pt;"> </font><font style="font-family:Arial;font-size:10pt;">(in thousands): </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="5" rowspan="1"></td></tr><tr><td style="width:80%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:17%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Balance at beginning of period</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">$</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">1,060</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:middle;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">(Reversed) to expense</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:middle;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">(25</font></div></td><td style="vertical-align:middle;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">)</font></div></td></tr><tr><td style="vertical-align:middle;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Write-offs, net of amounts recovered</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">(100</font></div></td><td style="vertical-align:middle;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">)</font></div></td></tr><tr><td style="vertical-align:middle;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Foreign currency translation adjustment</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:middle;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">10</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Balance at end of period</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:middle;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">$</font></div></td><td style="vertical-align:middle;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">945</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Credit Risk</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Financial instruments that potentially subject the Company to concentrations of credit risk primarily consist of cash and cash equivalents placed with high credit quality financial institutions and accounts receivable due from customers. </font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Management evaluates the collectability of accounts receivable based on a combination of factors. If management becomes aware of a customer's inability to meet its financial obligations after a sale has occurred, the Company records an allowance to reduce the net receivable to the amount that management reasonably believes to be collectable from the customer. If the financial conditions of MRV's customers were to deteriorate or if economic conditions worsen, additional allowances may be required in the future. Accounts receivable are charged off at the point they are considered uncollectible.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-bottom:4px;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">The following table summarizes the changes in the allowance for doubtful accounts during the </font><font style="font-family:Arial;font-size:10pt;">nine months ended</font><font style="font-family:Arial;font-size:10pt;"> </font><font style="font-family:Arial;font-size:10pt;">September&#160;30, 2016</font><font style="font-family:inherit;font-size:10pt;"> </font><font style="font-family:Arial;font-size:10pt;">(in thousands): </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="5" rowspan="1"></td></tr><tr><td style="width:80%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:17%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Balance at beginning of period</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">$</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">1,060</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:middle;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">(Reversed) to expense</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:middle;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">(25</font></div></td><td style="vertical-align:middle;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">)</font></div></td></tr><tr><td style="vertical-align:middle;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Write-offs, net of amounts recovered</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">(100</font></div></td><td style="vertical-align:middle;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">)</font></div></td></tr><tr><td style="vertical-align:middle;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Foreign currency translation adjustment</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:middle;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">10</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Balance at end of period</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:middle;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">$</font></div></td><td style="vertical-align:middle;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">945</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Basis of Presentation</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">The accompanying condensed consolidated financial statements include the accounts of MRV and its wholly-owned subsidiaries. All significant intercompany transactions and accounts have been eliminated. </font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">The condensed consolidated unaudited financial statements included herein have been prepared by MRV pursuant to the rules&#160;and regulations of the Securities and Exchange Commission (&#8220;SEC&#8221;). The year-end condensed consolidated balance sheet was derived from audited financial statements, but does not include all disclosures required by generally accepted in the United States of America ("GAAP"). Certain information and footnote disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such rules&#160;and regulations. The information included in this Quarterly Report on Form&#160;10-Q for the quarter ended </font><font style="font-family:Arial;font-size:10pt;color:#000000;text-decoration:none;">September&#160;30, 2016</font><font style="font-family:Arial;font-size:10pt;">, (this &#8220;Form&#160;10-Q&#8221;) should be read in conjunction with the Financial Statements and Notes thereto included in the Company's Annual Report on Form&#160;10-K for the year ended </font><font style="font-family:Arial;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2015</font><font style="font-family:Arial;font-size:10pt;">, (the &#8220;</font><font style="font-family:Arial;font-size:10pt;">2015</font><font style="font-family:Arial;font-size:10pt;"> Form&#160;10-K&#8221;) filed with the SEC.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">In the opinion of MRV's management, the unaudited interim financial information contained herein includes all normal recurring adjustments, necessary to present fairly the financial position of MRV as of </font><font style="font-family:Arial;font-size:10pt;color:#000000;text-decoration:none;">September&#160;30, 2016</font><font style="font-family:Arial;font-size:10pt;">, and the results of its operations and comprehensive loss, and cash flows for the </font><font style="font-family:Arial;font-size:10pt;">three and nine months ended</font><font style="font-family:Arial;font-size:10pt;"> </font><font style="font-family:Arial;font-size:10pt;color:#000000;text-decoration:none;">September&#160;30, 2016</font><font style="font-family:Arial;font-size:10pt;"> and </font><font style="font-family:Arial;font-size:10pt;">2015</font><font style="font-family:Arial;font-size:10pt;">. The results reported in these condensed consolidated financial statements should not be regarded as necessarily indicative of results that may be expected for the full year or any future periods.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Commitments and Contingencies</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Purchase Commitments with Outsourcing Partners and Component Suppliers </font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">We utilize several outsourcing partners to manufacture sub-assemblies for the Company&#8217;s products and to perform final assembly and testing of finished products. These outsourcing partners acquire components and build product based on demand information supplied by the Company, which typically covers periods up to&#160;</font><font style="font-family:Arial;font-size:10pt;">150</font><font style="font-family:Arial;font-size:10pt;">&#160;days. The Company also obtains individual components for its products from a wide variety of individual suppliers. Consistent with industry practice, the Company acquires components through a combination of purchase orders, supplier contracts, and open orders based on projected demand information. As of </font><font style="font-family:Arial;font-size:10pt;">September&#160;30, 2016</font><font style="font-family:Arial;font-size:10pt;"> and </font><font style="font-family:Arial;font-size:10pt;">December 31, 2015</font><font style="font-family:Arial;font-size:10pt;">, the Company had outstanding minimum future commitments for manufacturing and component purchases which totaled&#160;</font><font style="font-family:Arial;font-size:10pt;">$13.6 million</font><font style="font-family:Arial;font-size:10pt;"> and </font><font style="font-family:Arial;font-size:10pt;">$11.9 million</font><font style="font-family:Arial;font-size:10pt;">, respectively. </font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">The Company records a liability for firm, non-cancelable and unconditional purchase commitments for quantities in excess of its future demand forecasts. As of </font><font style="font-family:Arial;font-size:10pt;">September&#160;30, 2016</font><font style="font-family:Arial;font-size:10pt;"> and </font><font style="font-family:Arial;font-size:10pt;">December 31, 2015</font><font style="font-family:Arial;font-size:10pt;">, the liability for these purchase commitments was&#160;</font><font style="font-family:Arial;font-size:10pt;">$0.4 million</font><font style="font-family:Arial;font-size:10pt;">&#160;and&#160;</font><font style="font-family:Arial;font-size:10pt;">$0.2 million</font><font style="font-family:Arial;font-size:10pt;">, respectively, and is included in accounts payable on the condensed consolidated balance sheets.</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Litigation</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">We are subject to legal claims and litigation in the ordinary course of business, including but not limited to product liability, employment and intellectual property claims. The outcome of any such matters is currently not determinable. In addition, we were party to the litigation set forth below.</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-style:italic;">Nhan T. Vo, individually and on behalf of other aggrieved employees vs. the Company, Superior Court of California, County of Los Angeles.</font><font style="font-family:Arial;font-size:10pt;"> On June 27, 2013, the plaintiff in this matter filed a lawsuit against the Company alleging claims for failure to properly pay overtime or provide meal and rest breaks to its non-exempt employees in California, among other things. The complaint seeks an unspecified amount of damages and penalties under provisions of the Labor Code, including the Labor Code Private Attorneys General Act. The Company has filed an answer denying all allegations regarding the plaintiff&#8217;s claims and asserting various defenses. Management believes it has accrued adequate reserves for this matter and does not expect the matter to have a material adverse effect on its business or financial condition. However, depending on the actual outcome of this case, further provisions could be recorded in the future which may have a material adverse effect on the Company&#8217;s operating results. </font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">In connection with the sale by MRV of SPI in October 2010, MRV agreed to indemnify the buyer against certain claims brought after the closing for prior-occurring events. The Company has received a notice from SPI, advising the Company of a tax audit for periods including tax returns filed prior to the acquisition of SPI by the buyer. Management believes that it has meritorious defenses to the extent a formal indemnification claim is asserted and has submitted the potential claim to its insurer. MRV intends to vigorously contest any claim; however, no formal legal proceeding has been commenced, and MRV can provide no assurance that such claim would not have a material adverse effect on its business, operating results or financial condition.</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">From time to time, MRV receives notices from third parties alleging possible infringement of patents with respect to product features or manufacturing processes. Management believes such notices are common in the communications industry because of the large number of patents that have been filed on these subjects. The Company's policy is to discuss these notices with the parties in an effort to demonstrate that MRV's products and/or processes do not violate any patents. Management does not believe that any of these matters will result in a material adverse outcome. </font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">MRV and its subsidiaries have from time to time been named as a defendant in other lawsuits involving matters that management considers routine to the nature of its business. Management is of the opinion that the ultimate resolution of such outstanding matters will not have a material adverse effect on our business, operating results and financial condition.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Share-Based Compensation</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-bottom:4px;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">MRV records share-based compensation expense at fair value. The following table summarizes the impact on MRV's results of operations of recording share-based compensation for the </font><font style="font-family:Arial;font-size:10pt;">three and nine months ended</font><font style="font-family:Arial;font-size:10pt;"> </font><font style="font-family:Arial;font-size:10pt;color:#000000;text-decoration:none;">September&#160;30, 2016</font><font style="font-family:Arial;font-size:10pt;"> and </font><font style="font-family:Arial;font-size:10pt;color:#000000;text-decoration:none;">2015</font><font style="font-family:Arial;font-size:10pt;"> (in thousands):</font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="17" rowspan="1"></td></tr><tr><td style="width:48%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Three months ended</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Nine months ended</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">September&#160;30,</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">September&#160;30,</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">2015</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">2015</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Cost of goods sold</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">39</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">35</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">109</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">90</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Product development and engineering</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">24</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">68</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">163</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">161</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Selling, general and administrative</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">346</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">213</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">834</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">507</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Total share-based compensation expense </font><font style="font-family:Arial;font-size:7pt;">(1)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">409</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">316</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">1,106</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">758</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:72px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:8pt;padding-left:48px;"><font style="font-family:Arial;font-size:8pt;">(1)</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-style:italic;">Income tax benefits realized from stock option exercises and similar awards were immaterial in all periods.</font></div></td></tr></table><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">No stock options or restricted shares were granted during the </font><font style="font-family:Arial;font-size:10pt;">three months ended</font><font style="font-family:Arial;font-size:10pt;"> </font><font style="font-family:Arial;font-size:10pt;">September&#160;30, 2016</font><font style="font-family:Arial;font-size:10pt;">. During the </font><font style="font-family:Arial;font-size:10pt;">nine months ended</font><font style="font-family:Arial;font-size:10pt;"> </font><font style="font-family:Arial;font-size:10pt;">September&#160;30, 2016</font><font style="font-family:Arial;font-size:10pt;">, the Company granted </font><font style="font-family:Arial;font-size:10pt;">240,039</font><font style="font-family:Arial;font-size:10pt;"> stock options with a related fair value of </font><font style="font-family:Arial;font-size:10pt;">$4.86</font><font style="font-family:Arial;font-size:10pt;"> per option and </font><font style="font-family:Arial;font-size:10pt;">88,869</font><font style="font-family:Arial;font-size:10pt;"> restricted shares with a related fair value </font><font style="font-family:Arial;font-size:10pt;">$10.95</font><font style="font-family:Arial;font-size:10pt;"> per share. </font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">During the </font><font style="font-family:Arial;font-size:10pt;">three months ended</font><font style="font-family:Arial;font-size:10pt;"> </font><font style="font-family:Arial;font-size:10pt;">September&#160;30, 2015</font><font style="font-family:Arial;font-size:10pt;">, the Company granted </font><font style="font-family:Arial;font-size:10pt;">31,000</font><font style="font-family:Arial;font-size:10pt;"> stock options with a related fair value of </font><font style="font-family:Arial;font-size:10pt;">$5.28</font><font style="font-family:Arial;font-size:10pt;"> per option and </font><font style="font-family:Arial;font-size:10pt;">11,000</font><font style="font-family:Arial;font-size:10pt;"> restricted shares with a related fair value of </font><font style="font-family:Arial;font-size:10pt;">$12.12</font><font style="font-family:Arial;font-size:10pt;"> per share. During the </font><font style="font-family:Arial;font-size:10pt;">nine months ended</font><font style="font-family:Arial;font-size:10pt;"> </font><font style="font-family:Arial;font-size:10pt;">September&#160;30, 2015</font><font style="font-family:Arial;font-size:10pt;">, the Company granted </font><font style="font-family:Arial;font-size:10pt;">228,848</font><font style="font-family:Arial;font-size:10pt;"> stock options with a related fair value of </font><font style="font-family:Arial;font-size:10pt;">$4.31</font><font style="font-family:Arial;font-size:10pt;"> per option and </font><font style="font-family:Arial;font-size:10pt;">82,872</font><font style="font-family:Arial;font-size:10pt;"> restricted shares with a related fair value of </font><font style="font-family:Arial;font-size:10pt;">$9.96</font><font style="font-family:Arial;font-size:10pt;"> per share. </font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">As of </font><font style="font-family:Arial;font-size:10pt;">September&#160;30, 2016</font><font style="font-family:Arial;font-size:10pt;">, the total unrecognized share-based compensation balance for unvested options, net of expected forfeitures, was </font><font style="font-family:Arial;font-size:10pt;">$2.4 million</font><font style="font-family:Arial;font-size:10pt;"> and is expected to be amortized over a weighted-average period of </font><font style="font-family:Arial;font-size:10pt;">2.0 years</font><font style="font-family:Arial;font-size:10pt;">.</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:18px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Valuation Assumptions</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">MRV uses the Black-Scholes option pricing model to estimate the fair value of stock option awards or related modifications. The Black-Scholes model requires the use of subjective and complex assumptions, including the option's expected life and the underlying stock price volatility. MRV bases volatility on the Company's historical quoted prices and peer company data. </font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="5" rowspan="1"></td></tr><tr><td style="width:74%;" rowspan="1" colspan="1"></td><td style="width:12%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:12%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Nine months ended September 30,</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">2016</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">2015</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Risk-free interest rate</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">1.4</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">1.7</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Dividend yield </font><font style="font-family:Arial;font-size:10pt;"><sub style="vertical-align:bottom;line-height:120%;font-size:6pt">(1)</sub></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Volatility</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">46</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">43</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Expected life (in years)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">5.9</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">6.0</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:72px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:8pt;padding-left:48px;"><font style="font-family:Arial;font-size:8pt;">(1)</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-style:italic;">As the Company does not pay a dividend on a regular basis, and dividends paid in the past have been special in nature, a dividend rate of zero was used.</font></div></td></tr></table></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;"> Discontinued Operations </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">On December 3, 2015, the Company completed the sale of all of its shares of Tecnonet. On February 19, 2016, the Company received a payment of </font><font style="font-family:Arial;font-size:10pt;">&#8364;4.3 million</font><font style="font-family:Arial;font-size:10pt;"> (approximately </font><font style="font-family:Arial;font-size:10pt;">$4.8 million</font><font style="font-family:Arial;font-size:10pt;">) representing the post-closing purchase price adjustment pursuant to the Purchase Agreement. The Company included the </font><font style="font-family:Arial;font-size:10pt;">$4.8 million</font><font style="font-family:Arial;font-size:10pt;"> receivable representing the post-closing purchase price adjustment on its consolidated balance sheet within other current assets as of </font><font style="font-family:Arial;font-size:10pt;">December 31, 2015</font><font style="font-family:Arial;font-size:10pt;">. Prior to its disposition, Tecnonet was the last remaining business unit in our Network Integration segment. The historical financial results of Tecnonet, prior to its sale, have been reclassified as discontinued operations for all periods presented. The Company reported net income of </font><font style="font-family:Arial;font-size:10pt;">$0.7 million</font><font style="font-family:Arial;font-size:10pt;"> and </font><font style="font-family:Arial;font-size:10pt;">$1.8 million</font><font style="font-family:Arial;font-size:10pt;"> from discontinued operations, net of income tax expense, for the </font><font style="font-family:Arial;font-size:10pt;">three and nine months ended</font><font style="font-family:Arial;font-size:10pt;"> </font><font style="font-family:Arial;font-size:10pt;">September&#160;30, 2015</font><font style="font-family:Arial;font-size:10pt;">, respectively, related to Tecnonet.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Net Income (Loss) Per Share</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Basic net income (loss) per share is computed using the weighted average number of shares of common stock outstanding, including restricted shares which, although they are legally outstanding and have voting rights, are subject to vesting and are treated as common stock equivalents in calculating basic net income (loss) per share. Diluted net income (loss) per share is computed using the weighted average number of shares of common stock outstanding and dilutive potential shares of common stock from stock options and warrants outstanding during the period. Diluted shares outstanding include the dilutive effect of in-the-money options, which is calculated based on the average share price for each period using the treasury stock method.</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Employee share options, non-vested shares and similar equity instruments granted by MRV are treated as potential shares of common stock outstanding in computing diluted net income per share. Under the treasury stock method, the amount the employee must pay for exercising stock options, the amount of compensation cost for future service not yet recognized, and the amount of income tax benefits that would be realized and recorded in additional paid-in capital if the deduction for the award would reduce income taxes payable are assumed to be used to repurchase shares.</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-bottom:4px;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">The following table sets forth the computation of net income (loss) per common share &#8211; basic and diluted (in thousands, except per share amounts):</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="17" rowspan="1"></td></tr><tr><td style="width:51%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:8%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Three months ended</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Nine months ended</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">September 30</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">September 30</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">2015</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">2015</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Numerator:</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Net income (loss)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">(3,113</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">886</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">(9,032</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">(463</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Denominator</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Basic weighted average common shares outstanding</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">6,868</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">6,978</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">6,912</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">7,032</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Effect of dilutive securities</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">36</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Diluted weighted average common shares outstanding </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">6,868</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">7,014</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">6,912</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">7,032</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Net income (loss) per common share</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Basic</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">(0.45</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">0.13</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">(1.31</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">(0.07</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Diluted</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">(0.45</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">0.13</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">(1.31</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">(0.07</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">)</font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Outstanding stock options to purchase </font><font style="font-family:Arial;font-size:10pt;">414,174</font><font style="font-family:Arial;font-size:10pt;"> and </font><font style="font-family:Arial;font-size:10pt;">290,974</font><font style="font-family:Arial;font-size:10pt;"> shares of common stock were excluded from the computation of dilutive income (loss) per shares for the </font><font style="font-family:Arial;font-size:10pt;">three months ended</font><font style="font-family:Arial;font-size:10pt;"> </font><font style="font-family:Arial;font-size:10pt;">September&#160;30, 2016</font><font style="font-family:Arial;font-size:10pt;"> and </font><font style="font-family:Arial;font-size:10pt;">2015</font><font style="font-family:Arial;font-size:10pt;">, respectively, as they were anti-dilutive. Outstanding stock options to purchase </font><font style="font-family:Arial;font-size:10pt;">436,037</font><font style="font-family:Arial;font-size:10pt;"> and </font><font style="font-family:Arial;font-size:10pt;">407,480</font><font style="font-family:Arial;font-size:10pt;"> shares of common stock were excluded from the computation of dilutive loss per shares for the </font><font style="font-family:Arial;font-size:10pt;">nine months ended</font><font style="font-family:Arial;font-size:10pt;"> </font><font style="font-family:Arial;font-size:10pt;">September&#160;30, 2016</font><font style="font-family:Arial;font-size:10pt;"> and </font><font style="font-family:Arial;font-size:10pt;">2015</font><font style="font-family:Arial;font-size:10pt;">, respectively, as they were anti-dilutive. Treasury shares are excluded from the number of shares outstanding.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Cash equivalents included in the condensed consolidated balance sheets are as follows (in thousands):</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="9" rowspan="1"></td></tr><tr><td style="width:76%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:7%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Cost</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Fair Value</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">September 30, 2016</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">December 31, 2015</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">1,807</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">1,807</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Fair Value Measurement</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">MRV's financial instruments, including cash and cash equivalents, restricted time deposits, accounts receivable, other receivables and accounts payable are carried at cost, which approximates their fair value. The fair values of accounts receivable, other receivables and accounts payable approximate their carrying amounts due to their short-term nature. </font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">The Company follows a framework for measuring fair value using a three-level hierarchy that prioritizes the use of observable inputs. The fair value hierarchy is divided into three levels based on the source of inputs as follows: Level 1 - Valuations based on unadjusted quoted prices in active markets for identical assets or liabilities; Level 2 - Valuations for which all significant inputs are observable, either directly or indirectly, other than level 1 inputs for similar instruments; Level 3 - Valuations based on inputs that are unobservable and significant to the overall fair value measurement. Under this framework, fair value is defined as the price that would be received to sell an asset or paid to transfer a liability (i.e., the &#8220;exit price&#8221;) in an orderly transaction between market participants at the measurement date. Management has not elected the fair value option for non-financial assets and liabilities. </font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">As of </font><font style="font-family:Arial;font-size:10pt;">September&#160;30, 2016</font><font style="font-family:Arial;font-size:10pt;"> and </font><font style="font-family:Arial;font-size:10pt;">December&#160;31, 2015</font><font style="font-family:Arial;font-size:10pt;">, the Company had cash equivalents consisting of money market funds of </font><font style="font-family:Arial;font-size:10pt;">$0</font><font style="font-family:Arial;font-size:10pt;"> and </font><font style="font-family:Arial;font-size:10pt;">$1.8 million</font><font style="font-family:Arial;font-size:10pt;">, respectively that were classified as Level 1 investments and were quoted at market price. Cash equivalents included in the condensed consolidated balance sheets are as follows (in thousands):</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="9" rowspan="1"></td></tr><tr><td style="width:76%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:7%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Cost</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Fair Value</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">September 30, 2016</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">December 31, 2015</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">1,807</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">1,807</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Intangible Assets</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Intangible assets, net of amortization, consisted of intellectual property such as license agreements and totaled </font><font style="font-family:Arial;font-size:10pt;">$1.1 million</font><font style="font-family:Arial;font-size:10pt;"> and </font><font style="font-family:Arial;font-size:10pt;">$1.2 million</font><font style="font-family:Arial;font-size:10pt;"> as of </font><font style="font-family:Arial;font-size:10pt;">September&#160;30, 2016</font><font style="font-family:Arial;font-size:10pt;"> and </font><font style="font-family:Arial;font-size:10pt;">December&#160;31, 2015</font><font style="font-family:Arial;font-size:10pt;">, respectively. The terms of some of these license agreements provide for use of the licensed software into perpetuity while others are definite. The Company amortizes the cost of the license agreements over the estimated useful life, which can range between </font><font style="font-family:Arial;font-size:10pt;">three</font><font style="font-family:Arial;font-size:10pt;"> to </font><font style="font-family:Arial;font-size:10pt;">five</font><font style="font-family:Arial;font-size:10pt;"> years. Amortization expense related to intangible assets was approximately </font><font style="font-family:Arial;font-size:10pt;">$183,000</font><font style="font-family:Arial;font-size:10pt;"> and </font><font style="font-family:Arial;font-size:10pt;">$150,000</font><font style="font-family:Arial;font-size:10pt;"> for the </font><font style="font-family:Arial;font-size:10pt;">nine months ended</font><font style="font-family:Arial;font-size:10pt;"> </font><font style="font-family:Arial;font-size:10pt;">September&#160;30, 2016</font><font style="font-family:Arial;font-size:10pt;"> and </font><font style="font-family:Arial;font-size:10pt;">2015</font><font style="font-family:Arial;font-size:10pt;">, respectively. As of </font><font style="font-family:Arial;font-size:10pt;">September&#160;30, 2016</font><font style="font-family:Arial;font-size:10pt;">, intangible assets not yet placed into service totaled approximately </font><font style="font-family:Arial;font-size:10pt;">$0.5 million</font><font style="font-family:Arial;font-size:10pt;">.</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-bottom:4px;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">The following table illustrates the estimated future amortization expense of intangible assets as of </font><font style="font-family:Arial;font-size:10pt;">September&#160;30, 2016</font><font style="font-family:Arial;font-size:10pt;"> (in thousands):</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="5" rowspan="1"></td></tr><tr><td style="width:77%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:20%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Fiscal Year Ending December 31, </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Estimated Amortization Expense</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">2016 - remainder of the year</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">82</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">295</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">2018</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">234</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">2019</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">234</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">2020</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">136</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Thereafter</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">86</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Total</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">1,067</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Income Taxes</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-bottom:4px;text-align:left;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">The following table provides details of income taxes for the </font><font style="font-family:Arial;font-size:10pt;">three and nine months ended</font><font style="font-family:Arial;font-size:10pt;"> </font><font style="font-family:Arial;font-size:10pt;">September&#160;30, 2016</font><font style="font-family:Arial;font-size:10pt;"> and </font><font style="font-family:Arial;font-size:10pt;">2015</font><font style="font-family:Arial;font-size:10pt;"> (in thousands, except percentages):</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="17" rowspan="1"></td></tr><tr><td style="width:52%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Three months ended</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Nine months ended</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;border-bottom:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">September&#160;30,</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;border-bottom:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">September&#160;30,</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;border-bottom:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;border-bottom:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">2015</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;border-bottom:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;border-bottom:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">2015</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Income (loss) before provision (benefit) for income taxes</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">(3,082</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">109</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">(8,904</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">(2,189</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Provision (benefit) for income taxes</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">31</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">(39</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">128</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">88</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Effective tax rate</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-bottom:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">(1</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">)%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-bottom:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">(36</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">)%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-bottom:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">(1</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">)%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-bottom:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">(4</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">)%</font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">The effective tax rate fluctuates based on the amount of pre-tax income or loss generated in the various jurisdictions where we conduct operations and pay income tax. The income tax expense is primarily due to state minimum income taxes that do not benefit from our state net operating loss carryforwards and to income tax in foreign jurisdictions without net operating loss carryforwards. </font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">As of </font><font style="font-family:Arial;font-size:10pt;">December 31, 2015</font><font style="font-family:Arial;font-size:10pt;">, MRV had federal, state and foreign net operating loss ("NOL") carryforwards available of </font><font style="font-family:Arial;font-size:10pt;">$169.3 million</font><font style="font-family:Arial;font-size:10pt;">, </font><font style="font-family:Arial;font-size:10pt;">$102.2 million</font><font style="font-family:Arial;font-size:10pt;"> and </font><font style="font-family:Arial;font-size:10pt;">$98.5 million</font><font style="font-family:Arial;font-size:10pt;">, respectively. Under the Internal Revenue Code, if a corporation undergoes an "ownership change," the corporation's ability to use its pre-change NOLs, capital loss carryforwards and other pre-change tax attributes to offset its post-change income may be limited. An ownership change is generally defined as a greater than </font><font style="font-family:Arial;font-size:10pt;">50%</font><font style="font-family:Arial;font-size:10pt;"> change in its equity ownership by value over a </font><font style="font-family:Arial;font-size:10pt;">three</font><font style="font-family:Arial;font-size:10pt;">-year period. We may experience an ownership change in the future as a result of subsequent shifts in our stock ownership. If we were to trigger an ownership change in the future, our ability to use any NOLs and capital loss carryforwards existing at that time could be limited. As of </font><font style="font-family:Arial;font-size:10pt;">September&#160;30, 2016</font><font style="font-family:Arial;font-size:10pt;">, the deferred tax assets related our federal, state and foreign NOLs had a full valuation allowance. </font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-bottom:13px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-style:italic;">NOL Rights Plan </font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">On January 26, 2016, in an effort to protect the Company from potential adverse consequences arising from an ownership change under the Internal Revenue Code, including a significant reduction in the annual utilization of the Company&#8217;s net operating loss carryforwards, built-in losses and the impairment or loss of the NOLs and built-in losses prior to their use, the Company's Board of Directors approved the adoption of the Rights Agreement with American Stock Transfer &amp; Trust Company, LLC, ("Rights Plan"). Pursuant to the Rights Plan, the Company declared a dividend distribution of one preferred stock purchase right (each a &#8220;Right&#8221; and collectively, the "Rights") for each outstanding share of the Company&#8217;s common stock to stockholders of record as of the close of business on February 10, 2016 (the Record Date"). Except in certain circumstances set forth in the Rights Plan, each Right entitles the holder to purchase from the Company one one-thousandth of a share of Series A Junior Participating Preferred Stock, </font><font style="font-family:Arial;font-size:10pt;">$0.01</font><font style="font-family:Arial;font-size:10pt;"> par value, of the Company (&#8220;Preferred Stock&#8221;) at a price of </font><font style="font-family:Arial;font-size:10pt;">$68.64</font><font style="font-family:Arial;font-size:10pt;">, subject to adjustment. The NOL Rights Plan was ratified by the Company's stockholders on June 15, 2016, at the Company's annual meeting of stockholders.</font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">The Rights initially trade together with the common stock and are not exercisable. Subject to certain exceptions specified in the Rights Plan, the Rights will separate from the common stock and become exercisable following the earlier to of (i) the tenth calendar day after a public announcement or filing that a person or group has become an &#8220;Acquiring Person,&#8221; which is defined as a person who has acquired, or obtained the right to acquire, beneficial ownership of </font><font style="font-family:Arial;font-size:10pt;">4.99%</font><font style="font-family:Arial;font-size:10pt;"> or more of the common stock then outstanding, subject to certain exceptions, or (ii) the tenth calendar day (or such later date as may be determined by the Board of Directors) after any person or group commences a tender or exchange offer, the consummation of which would result in a person or group becoming an Acquiring Person. If a person or group becomes an Acquiring Person, each Right will entitle its holders (other than such Acquiring Person) to purchase one share at a price of </font><font style="font-family:Arial;font-size:10pt;">$68.64</font><font style="font-family:Arial;font-size:10pt;">, subject to adjustment. At any time after a person becomes an Acquiring Person, the Board of Directors may exchange all or part of the outstanding Rights (other than those held by an Acquiring Person) for shares of common stock at an exchange rate of </font><font style="font-family:Arial;font-size:10pt;">one</font><font style="font-family:Arial;font-size:10pt;"> share of common stock for each Right. The Company will promptly give public notice of any exchange (although failure to give notice will not affect the validity of the exchange). </font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">The Rights will expire upon certain events described in the Rights Plan, including the time at which the Rights are redeemed in accordance with the Agreement, the time at which the Rights are exchanged in accordance with the Agreement, or the time at which the Board Directors determines that the NOLs are fully utilized or no longer available under Section 382 of the Code. However, in no event will the Rights Plan expire later than the close of business on January 26, 2019. Until the close of business on the tenth calendar day after the day a public announcement or a filing is made indicating that a person or group has become an Acquiring Person, the Company may in its sole and absolute discretion amend the Rights or the Rights Plan without the approval of any holders of the Rights or shares of common stock in any manner, including without limitation, amendments that increase or decrease the purchase price or redemption price or accelerate or extend the final expiration date or the period in which the Rights may be redeemed. The Company may also amend the Rights Plan after the close of business on the tenth calendar day after the day such public announcement or filing is made to cure ambiguities, to correct defective or inconsistent provisions, to shorten or lengthen time periods under the Rights Plan or in any other manner that does not adversely affect the interests of holders of the Rights. No amendment of the Rights Plan may extend its expiration date.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Inventories</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Inventories are stated at the lower of cost or market and consist of materials, labor and overhead. Cost is computed using standard cost, which approximates actual cost, on a first-in, first-out basis. </font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-bottom:4px;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Inventories, net of reserves, consisted of the following at </font><font style="font-family:Arial;font-size:10pt;">September&#160;30, 2016</font><font style="font-family:Arial;font-size:10pt;"> and </font><font style="font-family:Arial;font-size:10pt;">December 31, 2015</font><font style="font-family:Arial;font-size:10pt;"> (in thousands):</font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="9" rowspan="1"></td></tr><tr><td style="width:58%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:18%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:18%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">September&#160;30, 2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">December&#160;31, 2015</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Raw materials</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">2,928</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">3,132</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Work-in process</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">911</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">839</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Finished goods</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">6,346</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">6,255</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Total</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">10,185</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">10,226</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Recently Issued Accounting Standards</font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">We consider the applicability and impact of all Accounting Standards Updates (&#8220;ASUs&#8221;). The ASUs not listed below were assessed and determined by management to be either not applicable or are expected to have minimal impact on our consolidated financial position and/or results of operations. </font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">In May 2014, the Financial Accounting Standards Board (the "FASB") issued ASU No. 2014-09, "Revenue from Contracts with Customers (Topic 606)," ("ASU 2014-09"). ASU 2014-09 outlines a new, single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and supersedes current revenue recognition guidance, including industry-specific guidance. This new revenue recognition model provides a five-step analysis in determining when and how revenue is recognized. The new model will require revenue recognition to depict the transfer of promised goods or services to customers in an amount that reflects the consideration a company expects to receive in exchange for those goods or services. The amendments may be applied retrospectively to each prior period presented or retrospectively with the cumulative effect recognized as of the date of initial application. ASU 2014-09 was originally effective for interim and annual reporting periods beginning after December 15, 2016. In August 2015, the FASB issued ASU 2015-14, Revenue from Contracts with Customers (Topic 606) &#8211; Deferral of the Effective Date, which defers the effective date to annual reporting periods beginning after December 15, 2017. Early application is permitted after December 15, 2016. Management is currently evaluating the potential impact that adopting ASU 2014-09 will have on its condensed consolidated financial statements and footnote disclosures. Management anticipates concluding its evaluation by March 31, 2017 and plans to adopt ASU 2014-09 on January 1, 2018.</font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">In August 2014, the FASB issued ASU No. 2014-15, "Disclosure of Uncertainties about an Entity&#8217;s Ability to Continue as a Going Concern" ("ASU 2014-15"). ASU 2014-15 provides guidance on management&#8217;s responsibility in evaluating whether there is substantial doubt about an entity&#8217;s ability to continue as a going concern and to provide related footnote disclosures. ASU 2014-15 will become effective for the Company for fiscal years beginning after December 15, 2016, including interim periods within those fiscal years. Early adoption is permitted. Management is currently evaluating the potential impact that adopting ASU 2014-15 will have on its condensed consolidated financial statements and footnote disclosures. </font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">In July 2015, the FASB issued ASU No. 2015-11, "Simplifying the Measurement of Inventory" (&#8220;ASU 2015-11&#8221;). ASU 2015-11 simplifies the guidance on the subsequent measurement of inventory, excluding inventory measured using the last-in, first out (LIFO), or the retail inventory method. Under the new standard, inventory should be at the lower of cost and net realizable value. ASU 2015-11 will become effective for the Company for fiscal years beginning after December 15, 2016, including interim periods within those fiscal years. Early adoption is permitted. Management is currently evaluating the potential impact that adopting ASU 2015-11 will have on its condensed consolidated financial statements and footnote disclosures. </font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">In November 2015, the FASB issued ASU No. 2015-17, "Balance Sheet Classification of Deferred Taxes" ("ASU 2015-17"). The amendments in ASU 2015-17 simplify the presentation of deferred income taxes by requiring that deferred tax assets and liabilities be classified as non-current. ASU 2015-17 will become effective for the Company for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. Early adoption is permitted. Management is currently evaluating the potential impact that adopting ASU 2015-17 will have on its condensed consolidated financial statements and footnote disclosures. </font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">In February 2016, the FASB issued ASU No. 2016-02, "Leases" ("ASU 2016-02"). The amendments in ASU 2016-02 require companies that lease assets to recognize on their balance sheets the assets and liabilities for the rights and obligations generated by contracts longer than a year. ASU 2016-02 will become effective for the Company for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. The guidance is required to be applied using the modified retrospective transition approach. Early adoption is permitted. Management is currently evaluating the potential impact that adopting ASU 2016-02 will have on its condensed consolidated financial statements and footnote disclosures. </font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">In March 2016, the FASB issued ASU No. 2016-08, &#8220;Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations&#8221; (&#8220;ASU 2016-08&#8221;). The amendments in ASU 2016-08 clarify the implementation guidance on principal versus agent considerations. ASU 2016-08 will become effective for the Company for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. Management is currently evaluating the potential impact that adopting ASU 2016-08 will have on its condensed consolidated financial statements and footnote disclosures. </font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">In March 2016, the FASB issued ASU No. 2016-09, "Stock Compensation (Topic 718): Improvements to employee Share-Based Payment Accounting" ("ASU 2016-09"). The amendments in ASU 2016-09 simplify the accounting for share-based payment award transactions including: income tax consequences, classification of awards as either equity or liabilities and classification on the statement of cash flows. ASU 2016-09 will become effective for fiscal years beginning after December 15, 2016, including interim periods within those fiscal years. Early adoption is permitted. Management is currently evaluating the potential impact that adopting ASU 2016-09 will have on its condensed consolidated financial statements and footnote disclosures and plans to adopt ASU 2016-09 on January 1, 2017.</font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">In April 2016, the FASB issued ASU No. 2016-10, &#8220;Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing&#8221; (&#8220;ASU 2016-10&#8221;). The amendments in ASU 2016-10 provide more detailed guidance in the following key areas: identifying performance obligations and licenses of intellectual property. ASU 2016-10 will become effective for the Company for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. Management is currently evaluating the potential impact that adopting ASU 2016-10 will have on its condensed consolidated financial statements and footnote disclosures. </font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">In May 2016, the FASB issued ASU No. 2016-12, &#8220;Revenue from Contracts with Customers (Topic 660): Narrow-Scope Improvements and Practical Expedients&#8221; (&#8220;ASU 2016-12&#8221;). The amendments in ASU 2016-12 clarify certain narrow aspects of Topic 660 such as assessing the collectability criterion, presentation of sales taxes and other similar taxes collected from customers, non-cash consideration, contract modifications at transition, completed contracts at transition, and technical correction. ASU 2016-12 will become effective for the Company for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. Management is currently evaluating the potential impact that adopting ASU 2016-12 will have on its condensed consolidated financial statements and footnote disclosures. </font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">In August 2016, the FASB issued ASU No. 2016-15, &#8220;Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments&#8221; (&#8220;ASU 2016-15&#8221;). The amendments in ASU 2016-15 reduce the diversity in practice in how certain cash receipts and cash payments are presented and classified in the statement of cash flows. ASU 2016-15 will become effective for the Company for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. Early adoption is permitted. Management is currently evaluating the potential impact that adopting ASU 2016-15 will have on its condensed consolidated financial statements and footnote disclosures. </font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Organization and Summary of significant accounting policies</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Organization and nature of operations</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">MRV Communications,&#160;Inc. ("MRV" or the "Company"), a Delaware corporation, is a global supplier of communications solutions to telecommunications service providers, data center operators, enterprises and governments throughout the world. MRV&#8217;s technologies, platforms and expertise enable our customers to overcome the challenge of orchestrating the ever-increasing need for capacity while improving service delivery and lowering network costs for critical applications such as high-capacity business services, mobile backhaul and data center connectivity. MRV markets and sells its products worldwide, through a variety of channels, which include a dedicated direct sales force, distributors, value-added-resellers, systems integrators and sales agents. Until the third quarter of 2015, MRV conducted its business along </font><font style="font-family:Arial;font-size:10pt;">two</font><font style="font-family:Arial;font-size:10pt;"> principal segments: the Network Equipment segment and the Network Integration segment. MRV's Network Equipment segment designs, manufactures, sells and services equipment used by commercial customers, governments, and telecommunications service providers. Products include packet switching, optical transport, infrastructure management equipment and service orchestration and provisioning software. The Network Integration segment, which primarily operated in Italy and provided network system design, integration and distribution services that includes products manufactured by third-party vendors, was sold in December 2015. </font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">On December 3, 2015, the Company completed the sale of all of its shares of its wholly owned subsidiary, Tecnonet S.p.A.("Tecnonet"), pursuant to a shares purchase agreement, dated as of August 10, 2015 (the "Purchase Agreement") with Maticmind S.p.A, a company incorporated under the laws of Italy. Tecnonet was the last business unit in our Network Integration segment. On February 19, 2016, the Company received a payment of </font><font style="font-family:Arial;font-size:10pt;">&#8364;4.3 million</font><font style="font-family:Arial;font-size:10pt;"> (approximately </font><font style="font-family:Arial;font-size:10pt;">$4.8 million</font><font style="font-family:Arial;font-size:10pt;">) representing the post-closing purchase price adjustment pursuant to the Purchase Agreement.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Basis of Presentation</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">The accompanying condensed consolidated financial statements include the accounts of MRV and its wholly-owned subsidiaries. All significant intercompany transactions and accounts have been eliminated. </font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">The condensed consolidated unaudited financial statements included herein have been prepared by MRV pursuant to the rules&#160;and regulations of the Securities and Exchange Commission (&#8220;SEC&#8221;). The year-end condensed consolidated balance sheet was derived from audited financial statements, but does not include all disclosures required by generally accepted in the United States of America ("GAAP"). Certain information and footnote disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such rules&#160;and regulations. The information included in this Quarterly Report on Form&#160;10-Q for the quarter ended </font><font style="font-family:Arial;font-size:10pt;color:#000000;text-decoration:none;">September&#160;30, 2016</font><font style="font-family:Arial;font-size:10pt;">, (this &#8220;Form&#160;10-Q&#8221;) should be read in conjunction with the Financial Statements and Notes thereto included in the Company's Annual Report on Form&#160;10-K for the year ended </font><font style="font-family:Arial;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2015</font><font style="font-family:Arial;font-size:10pt;">, (the &#8220;</font><font style="font-family:Arial;font-size:10pt;">2015</font><font style="font-family:Arial;font-size:10pt;"> Form&#160;10-K&#8221;) filed with the SEC.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">In the opinion of MRV's management, the unaudited interim financial information contained herein includes all normal recurring adjustments, necessary to present fairly the financial position of MRV as of </font><font style="font-family:Arial;font-size:10pt;color:#000000;text-decoration:none;">September&#160;30, 2016</font><font style="font-family:Arial;font-size:10pt;">, and the results of its operations and comprehensive loss, and cash flows for the </font><font style="font-family:Arial;font-size:10pt;">three and nine months ended</font><font style="font-family:Arial;font-size:10pt;"> </font><font style="font-family:Arial;font-size:10pt;color:#000000;text-decoration:none;">September&#160;30, 2016</font><font style="font-family:Arial;font-size:10pt;"> and </font><font style="font-family:Arial;font-size:10pt;">2015</font><font style="font-family:Arial;font-size:10pt;">. The results reported in these condensed consolidated financial statements should not be regarded as necessarily indicative of results that may be expected for the full year or any future periods.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Reclassification</font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-style:italic;">Prior Period Reclassifications. </font><font style="font-family:Arial;font-size:10pt;">On December 3, 2015, the Company completed the sale of Tecnonet. The results of operations for Tecnonet have been reclassified and presented as discontinued operations in this Form 10-Q for all periods presented. Cash flows from discontinued operations are presented separately from the cash flows from continuing operations in the accompanying Statement of Cash Flows. (See Note 15, Discontinued Operations) </font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Recently Issued Accounting Standards</font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">We consider the applicability and impact of all Accounting Standards Updates (&#8220;ASUs&#8221;). The ASUs not listed below were assessed and determined by management to be either not applicable or are expected to have minimal impact on our consolidated financial position and/or results of operations. </font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">In May 2014, the Financial Accounting Standards Board (the "FASB") issued ASU No. 2014-09, "Revenue from Contracts with Customers (Topic 606)," ("ASU 2014-09"). ASU 2014-09 outlines a new, single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and supersedes current revenue recognition guidance, including industry-specific guidance. This new revenue recognition model provides a five-step analysis in determining when and how revenue is recognized. The new model will require revenue recognition to depict the transfer of promised goods or services to customers in an amount that reflects the consideration a company expects to receive in exchange for those goods or services. The amendments may be applied retrospectively to each prior period presented or retrospectively with the cumulative effect recognized as of the date of initial application. ASU 2014-09 was originally effective for interim and annual reporting periods beginning after December 15, 2016. In August 2015, the FASB issued ASU 2015-14, Revenue from Contracts with Customers (Topic 606) &#8211; Deferral of the Effective Date, which defers the effective date to annual reporting periods beginning after December 15, 2017. Early application is permitted after December 15, 2016. Management is currently evaluating the potential impact that adopting ASU 2014-09 will have on its condensed consolidated financial statements and footnote disclosures. Management anticipates concluding its evaluation by March 31, 2017 and plans to adopt ASU 2014-09 on January 1, 2018.</font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">In August 2014, the FASB issued ASU No. 2014-15, "Disclosure of Uncertainties about an Entity&#8217;s Ability to Continue as a Going Concern" ("ASU 2014-15"). ASU 2014-15 provides guidance on management&#8217;s responsibility in evaluating whether there is substantial doubt about an entity&#8217;s ability to continue as a going concern and to provide related footnote disclosures. ASU 2014-15 will become effective for the Company for fiscal years beginning after December 15, 2016, including interim periods within those fiscal years. Early adoption is permitted. Management is currently evaluating the potential impact that adopting ASU 2014-15 will have on its condensed consolidated financial statements and footnote disclosures. </font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">In July 2015, the FASB issued ASU No. 2015-11, "Simplifying the Measurement of Inventory" (&#8220;ASU 2015-11&#8221;). ASU 2015-11 simplifies the guidance on the subsequent measurement of inventory, excluding inventory measured using the last-in, first out (LIFO), or the retail inventory method. Under the new standard, inventory should be at the lower of cost and net realizable value. ASU 2015-11 will become effective for the Company for fiscal years beginning after December 15, 2016, including interim periods within those fiscal years. Early adoption is permitted. Management is currently evaluating the potential impact that adopting ASU 2015-11 will have on its condensed consolidated financial statements and footnote disclosures. </font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">In November 2015, the FASB issued ASU No. 2015-17, "Balance Sheet Classification of Deferred Taxes" ("ASU 2015-17"). The amendments in ASU 2015-17 simplify the presentation of deferred income taxes by requiring that deferred tax assets and liabilities be classified as non-current. ASU 2015-17 will become effective for the Company for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. Early adoption is permitted. Management is currently evaluating the potential impact that adopting ASU 2015-17 will have on its condensed consolidated financial statements and footnote disclosures. </font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">In February 2016, the FASB issued ASU No. 2016-02, "Leases" ("ASU 2016-02"). The amendments in ASU 2016-02 require companies that lease assets to recognize on their balance sheets the assets and liabilities for the rights and obligations generated by contracts longer than a year. ASU 2016-02 will become effective for the Company for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. The guidance is required to be applied using the modified retrospective transition approach. Early adoption is permitted. Management is currently evaluating the potential impact that adopting ASU 2016-02 will have on its condensed consolidated financial statements and footnote disclosures. </font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">In March 2016, the FASB issued ASU No. 2016-08, &#8220;Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations&#8221; (&#8220;ASU 2016-08&#8221;). The amendments in ASU 2016-08 clarify the implementation guidance on principal versus agent considerations. ASU 2016-08 will become effective for the Company for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. Management is currently evaluating the potential impact that adopting ASU 2016-08 will have on its condensed consolidated financial statements and footnote disclosures. </font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">In March 2016, the FASB issued ASU No. 2016-09, "Stock Compensation (Topic 718): Improvements to employee Share-Based Payment Accounting" ("ASU 2016-09"). The amendments in ASU 2016-09 simplify the accounting for share-based payment award transactions including: income tax consequences, classification of awards as either equity or liabilities and classification on the statement of cash flows. ASU 2016-09 will become effective for fiscal years beginning after December 15, 2016, including interim periods within those fiscal years. Early adoption is permitted. Management is currently evaluating the potential impact that adopting ASU 2016-09 will have on its condensed consolidated financial statements and footnote disclosures and plans to adopt ASU 2016-09 on January 1, 2017.</font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">In April 2016, the FASB issued ASU No. 2016-10, &#8220;Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing&#8221; (&#8220;ASU 2016-10&#8221;). The amendments in ASU 2016-10 provide more detailed guidance in the following key areas: identifying performance obligations and licenses of intellectual property. ASU 2016-10 will become effective for the Company for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. Management is currently evaluating the potential impact that adopting ASU 2016-10 will have on its condensed consolidated financial statements and footnote disclosures. </font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">In May 2016, the FASB issued ASU No. 2016-12, &#8220;Revenue from Contracts with Customers (Topic 660): Narrow-Scope Improvements and Practical Expedients&#8221; (&#8220;ASU 2016-12&#8221;). The amendments in ASU 2016-12 clarify certain narrow aspects of Topic 660 such as assessing the collectability criterion, presentation of sales taxes and other similar taxes collected from customers, non-cash consideration, contract modifications at transition, completed contracts at transition, and technical correction. ASU 2016-12 will become effective for the Company for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. Management is currently evaluating the potential impact that adopting ASU 2016-12 will have on its condensed consolidated financial statements and footnote disclosures. </font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">In August 2016, the FASB issued ASU No. 2016-15, &#8220;Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments&#8221; (&#8220;ASU 2016-15&#8221;). The amendments in ASU 2016-15 reduce the diversity in practice in how certain cash receipts and cash payments are presented and classified in the statement of cash flows. ASU 2016-15 will become effective for the Company for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. Early adoption is permitted. Management is currently evaluating the potential impact that adopting ASU 2016-15 will have on its condensed consolidated financial statements and footnote disclosures.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Product Warranty</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">As of </font><font style="font-family:Arial;font-size:10pt;">September&#160;30, 2016</font><font style="font-family:Arial;font-size:10pt;">, and </font><font style="font-family:Arial;font-size:10pt;">December&#160;31, 2015</font><font style="font-family:Arial;font-size:10pt;">, MRV's product warranty liabilities recorded in accrued liabilities were </font><font style="font-family:Arial;font-size:10pt;">$0.5 million</font><font style="font-family:Arial;font-size:10pt;"> and </font><font style="font-family:Arial;font-size:10pt;">$0.6 million</font><font style="font-family:Arial;font-size:10pt;">, respectively. MRV accrues for warranty costs as part of cost of sales based on associated material product costs, technical support labor costs and associated overhead. The products sold are generally covered by a warranty for periods of </font><font style="font-family:Arial;font-size:10pt;color:#000000;text-decoration:none;">90</font><font style="font-family:Arial;font-size:10pt;"> days to </font><font style="font-family:Arial;font-size:10pt;color:#000000;text-decoration:none;">three</font><font style="font-family:Arial;font-size:10pt;"> years.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-bottom:4px;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">The following table summarizes the activity related to the product warranty liability during the </font><font style="font-family:Arial;font-size:10pt;">nine months ended</font><font style="font-family:Arial;font-size:10pt;"> </font><font style="font-family:Arial;font-size:10pt;">September&#160;30, 2016</font><font style="font-family:Arial;font-size:10pt;"> (in thousands):</font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="5" rowspan="1"></td></tr><tr><td style="width:80%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:17%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Balance at beginning of the period</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">593</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Cost of warranty claims</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">(73</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Accruals for product warranties</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">29</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Balance at end of the period</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">549</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:4px;text-align:left;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">The following table provides details of income taxes for the </font><font style="font-family:Arial;font-size:10pt;">three and nine months ended</font><font style="font-family:Arial;font-size:10pt;"> </font><font style="font-family:Arial;font-size:10pt;">September&#160;30, 2016</font><font style="font-family:Arial;font-size:10pt;"> and </font><font style="font-family:Arial;font-size:10pt;">2015</font><font style="font-family:Arial;font-size:10pt;"> (in thousands, except percentages):</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="17" rowspan="1"></td></tr><tr><td style="width:52%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Three months ended</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Nine months ended</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;border-bottom:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">September&#160;30,</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;border-bottom:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">September&#160;30,</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;border-bottom:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;border-bottom:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">2015</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;border-bottom:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;border-bottom:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">2015</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Income (loss) before provision (benefit) for income taxes</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">(3,082</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">109</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">(8,904</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">(2,189</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Provision (benefit) for income taxes</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">31</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">(39</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">128</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">88</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Effective tax rate</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-bottom:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">(1</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">)%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-bottom:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">(36</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">)%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-bottom:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">(1</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">)%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-bottom:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">(4</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">)%</font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:4px;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">The following table sets forth the computation of net income (loss) per common share &#8211; basic and diluted (in thousands, except per share amounts):</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="17" rowspan="1"></td></tr><tr><td style="width:51%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:8%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Three months ended</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Nine months ended</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">September 30</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">September 30</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">2015</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">2015</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Numerator:</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Net income (loss)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">(3,113</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">886</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">(9,032</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">(463</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Denominator</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Basic weighted average common shares outstanding</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">6,868</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">6,978</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">6,912</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">7,032</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Effect of dilutive securities</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">36</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Diluted weighted average common shares outstanding </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">6,868</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">7,014</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">6,912</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">7,032</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Net income (loss) per common share</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Basic</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">(0.45</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">0.13</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">(1.31</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">(0.07</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Diluted</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">(0.45</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">0.13</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">(1.31</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">(0.07</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">)</font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:4px;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">The following table summarizes the impact on MRV's results of operations of recording share-based compensation for the </font><font style="font-family:Arial;font-size:10pt;">three and nine months ended</font><font style="font-family:Arial;font-size:10pt;"> </font><font style="font-family:Arial;font-size:10pt;color:#000000;text-decoration:none;">September&#160;30, 2016</font><font style="font-family:Arial;font-size:10pt;"> and </font><font style="font-family:Arial;font-size:10pt;color:#000000;text-decoration:none;">2015</font><font style="font-family:Arial;font-size:10pt;"> (in thousands):</font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="17" rowspan="1"></td></tr><tr><td style="width:48%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Three months ended</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Nine months ended</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">September&#160;30,</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">September&#160;30,</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">2015</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">2015</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Cost of goods sold</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">39</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">35</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">109</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">90</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Product development and engineering</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">24</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">68</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">163</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">161</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Selling, general and administrative</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">346</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">213</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">834</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">507</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Total share-based compensation expense </font><font style="font-family:Arial;font-size:7pt;">(1)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">409</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">316</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">1,106</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">758</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:72px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:8pt;padding-left:48px;"><font style="font-family:Arial;font-size:8pt;">(1)</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-style:italic;">Income tax benefits realized from stock option exercises and similar awards were immaterial in all periods.</font></div></td></tr></table></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:4px;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Inventories, net of reserves, consisted of the following at </font><font style="font-family:Arial;font-size:10pt;">September&#160;30, 2016</font><font style="font-family:Arial;font-size:10pt;"> and </font><font style="font-family:Arial;font-size:10pt;">December 31, 2015</font><font style="font-family:Arial;font-size:10pt;"> (in thousands):</font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="9" rowspan="1"></td></tr><tr><td style="width:58%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:18%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:18%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">September&#160;30, 2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">December&#160;31, 2015</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Raw materials</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">2,928</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">3,132</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Work-in process</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">911</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">839</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Finished goods</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">6,346</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">6,255</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Total</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">10,185</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">10,226</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:4px;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">The following table summarizes the activity related to the product warranty liability during the </font><font style="font-family:Arial;font-size:10pt;">nine months ended</font><font style="font-family:Arial;font-size:10pt;"> </font><font style="font-family:Arial;font-size:10pt;">September&#160;30, 2016</font><font style="font-family:Arial;font-size:10pt;"> (in thousands):</font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="5" rowspan="1"></td></tr><tr><td style="width:80%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:17%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Balance at beginning of the period</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">593</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Cost of warranty claims</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">(73</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Accruals for product warranties</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">29</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Balance at end of the period</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">549</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:4px;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">The following table summarizes external revenue by geographic region for the </font><font style="font-family:Arial;font-size:10pt;">three months ended</font><font style="font-family:Arial;font-size:10pt;"> </font><font style="font-family:Arial;font-size:10pt;">September&#160;30, 2016</font><font style="font-family:Arial;font-size:10pt;"> and </font><font style="font-family:Arial;font-size:10pt;">2015</font><font style="font-family:Arial;font-size:10pt;"> (in thousands):</font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="15" rowspan="1"></td></tr><tr><td style="width:48%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;font-weight:bold;">Three months ended September 30:</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">% of revenue</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">2015</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">% of revenue</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;font-weight:bold;">Revenue:</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">United States</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">9,207</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">49</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">10,369</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">45</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Americas (Excluding U.S.)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">1,878</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">10</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">1,297</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">6</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Europe</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">3,125</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">16</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">5,202</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">23</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Asia Pacific</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">4,737</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">25</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">6,065</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">26</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Total</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">18,947</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">100</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">22,933</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">100</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">%</font></div></td></tr></table></div></div></div><div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">The following table summarizes long-lived assets, consisting of property and equipment, by geographic region (in thousands):</font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="9" rowspan="1"></td></tr><tr><td style="width:58%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:18%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:18%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">September&#160;30, 2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">December&#160;31, 2015</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Americas</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">2,331</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">2,808</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Europe</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">950</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">1,223</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Asia Pacific</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">14</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">19</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Total</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">3,295</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">4,050</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div><div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">The following table summarizes external revenue by geographic region for the </font><font style="font-family:Arial;font-size:10pt;">nine months ended</font><font style="font-family:Arial;font-size:10pt;"> </font><font style="font-family:Arial;font-size:10pt;">September&#160;30, 2016</font><font style="font-family:Arial;font-size:10pt;"> and </font><font style="font-family:Arial;font-size:10pt;">2015</font><font style="font-family:Arial;font-size:10pt;"> (in thousands):</font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="15" rowspan="1"></td></tr><tr><td style="width:48%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;font-weight:bold;">Nine months ended September 30:</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">% of revenue</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">2015</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">% of revenue</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;font-weight:bold;">Revenue:</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">United States</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">30,164</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">51</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">34,233</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">49</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Americas (Excluding the U.S.)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">5,833</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">10</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">5,917</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">9</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Europe</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">10,573</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">18</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">14,731</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">21</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Asia Pacific</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">12,843</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">21</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">14,756</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">21</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Total</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">59,413</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">100</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">69,637</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">100</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">%</font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">MRV uses the Black-Scholes option pricing model to estimate the fair value of stock option awards or related modifications. The Black-Scholes model requires the use of subjective and complex assumptions, including the option's expected life and the underlying stock price volatility. MRV bases volatility on the Company's historical quoted prices and peer company data. </font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="5" rowspan="1"></td></tr><tr><td style="width:74%;" rowspan="1" colspan="1"></td><td style="width:12%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:12%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Nine months ended September 30,</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">2016</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">2015</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Risk-free interest rate</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">1.4</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">1.7</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Dividend yield </font><font style="font-family:Arial;font-size:10pt;"><sub style="vertical-align:bottom;line-height:120%;font-size:6pt">(1)</sub></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Volatility</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">46</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">43</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Expected life (in years)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">5.9</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">6.0</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:72px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:8pt;padding-left:48px;"><font style="font-family:Arial;font-size:8pt;">(1)</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-style:italic;">As the Company does not pay a dividend on a regular basis, and dividends paid in the past have been special in nature, a dividend rate of zero was used. </font></div></td></tr></table></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:4px;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">The following table illustrates the estimated future amortization expense of intangible assets as of </font><font style="font-family:Arial;font-size:10pt;">September&#160;30, 2016</font><font style="font-family:Arial;font-size:10pt;"> (in thousands):</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="5" rowspan="1"></td></tr><tr><td style="width:77%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:20%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Fiscal Year Ending December 31, </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Estimated Amortization Expense</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">2016 - remainder of the year</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">82</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">295</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">2018</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">234</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">2019</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">234</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">2020</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">136</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Thereafter</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">86</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Total</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">1,067</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Geographic Information</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Following the completion of the sale of the Tecnonet business unit on December 3, 2015, MRV now has only </font><font style="font-family:Arial;font-size:10pt;">one</font><font style="font-family:Arial;font-size:10pt;"> reportable segment: Network Equipment. </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">The Network Equipment segment designs, manufactures, sells and services equipment used by commercial customers, governments and telecommunications service providers. Products include packet switching, optical transport, infrastructure management equipment and service orchestration and provisioning software.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Revenues:</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-bottom:4px;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">The following table summarizes external revenue by geographic region for the </font><font style="font-family:Arial;font-size:10pt;">three months ended</font><font style="font-family:Arial;font-size:10pt;"> </font><font style="font-family:Arial;font-size:10pt;">September&#160;30, 2016</font><font style="font-family:Arial;font-size:10pt;"> and </font><font style="font-family:Arial;font-size:10pt;">2015</font><font style="font-family:Arial;font-size:10pt;"> (in thousands):</font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="15" rowspan="1"></td></tr><tr><td style="width:48%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;font-weight:bold;">Three months ended September 30:</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">% of revenue</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">2015</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">% of revenue</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;font-weight:bold;">Revenue:</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">United States</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">9,207</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">49</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">10,369</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">45</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Americas (Excluding U.S.)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">1,878</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">10</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">1,297</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">6</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Europe</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">3,125</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">16</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">5,202</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">23</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Asia Pacific</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">4,737</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">25</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">6,065</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">26</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Total</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">18,947</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">100</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">22,933</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">100</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">%</font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">A significant percentage of the revenues generated in the Asia Pacific region are derived from Australia and accounted for </font><font style="font-family:Arial;font-size:10pt;">22%</font><font style="font-family:Arial;font-size:10pt;"> and </font><font style="font-family:Arial;font-size:10pt;">25%</font><font style="font-family:Arial;font-size:10pt;"> of our consolidated revenue for the </font><font style="font-family:Arial;font-size:10pt;">three months ended</font><font style="font-family:Arial;font-size:10pt;"> </font><font style="font-family:Arial;font-size:10pt;">September&#160;30, 2016</font><font style="font-family:Arial;font-size:10pt;"> and </font><font style="font-family:Arial;font-size:10pt;">2015</font><font style="font-family:Arial;font-size:10pt;">, respectively. Revenues generated in Europe and the Americas (excluding U.S.) did not reflect any significant individual country concentration for the three months ended </font><font style="font-family:Arial;font-size:10pt;">September&#160;30, 2016</font><font style="font-family:Arial;font-size:10pt;"> and </font><font style="font-family:Arial;font-size:10pt;">2015</font><font style="font-family:Arial;font-size:10pt;">. </font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">The following table summarizes external revenue by geographic region for the </font><font style="font-family:Arial;font-size:10pt;">nine months ended</font><font style="font-family:Arial;font-size:10pt;"> </font><font style="font-family:Arial;font-size:10pt;">September&#160;30, 2016</font><font style="font-family:Arial;font-size:10pt;"> and </font><font style="font-family:Arial;font-size:10pt;">2015</font><font style="font-family:Arial;font-size:10pt;"> (in thousands):</font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="15" rowspan="1"></td></tr><tr><td style="width:48%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;font-weight:bold;">Nine months ended September 30:</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">% of revenue</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">2015</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">% of revenue</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;font-weight:bold;">Revenue:</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">United States</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">30,164</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">51</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">34,233</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">49</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Americas (Excluding the U.S.)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">5,833</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">10</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">5,917</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">9</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Europe</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">10,573</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">18</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">14,731</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">21</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Asia Pacific</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">12,843</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">21</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">14,756</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">21</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Total</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">59,413</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">100</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">69,637</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">100</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">%</font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">A significant percentage of the revenues generated in the Asia Pacific region are derived from Australia and accounted for </font><font style="font-family:Arial;font-size:10pt;">20%</font><font style="font-family:Arial;font-size:10pt;"> and </font><font style="font-family:Arial;font-size:10pt;">19%</font><font style="font-family:Arial;font-size:10pt;"> of our consolidated revenue for the </font><font style="font-family:Arial;font-size:10pt;">nine months ended</font><font style="font-family:Arial;font-size:10pt;"> </font><font style="font-family:Arial;font-size:10pt;">September&#160;30, 2016</font><font style="font-family:Arial;font-size:10pt;"> and </font><font style="font-family:Arial;font-size:10pt;">2015</font><font style="font-family:Arial;font-size:10pt;">, respectively. Revenues generated in Europe and the Americas(excluding U.S.) did not reflect any significant individual country concentration for the </font><font style="font-family:Arial;font-size:10pt;">nine months ended</font><font style="font-family:Arial;font-size:10pt;"> </font><font style="font-family:Arial;font-size:10pt;">September&#160;30, 2016</font><font style="font-family:Arial;font-size:10pt;"> and </font><font style="font-family:Arial;font-size:10pt;">2015</font><font style="font-family:Arial;font-size:10pt;">. </font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Significant Customers:</font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Revenue from one customer accounted for </font><font style="font-family:Arial;font-size:10pt;">21%</font><font style="font-family:Arial;font-size:10pt;"> and </font><font style="font-family:Arial;font-size:10pt;">25%</font><font style="font-family:Arial;font-size:10pt;"> of our consolidated revenue for the </font><font style="font-family:Arial;font-size:10pt;">three months ended</font><font style="font-family:Arial;font-size:10pt;"> </font><font style="font-family:Arial;font-size:10pt;">September&#160;30, 2016</font><font style="font-family:Arial;font-size:10pt;"> and </font><font style="font-family:Arial;font-size:10pt;">2015</font><font style="font-family:Arial;font-size:10pt;">, respectively, and </font><font style="font-family:Arial;font-size:10pt;">16%</font><font style="font-family:Arial;font-size:10pt;"> and </font><font style="font-family:Arial;font-size:10pt;">19%</font><font style="font-family:Arial;font-size:10pt;"> of our consolidated revenue for the </font><font style="font-family:Arial;font-size:10pt;">nine months ended</font><font style="font-family:Arial;font-size:10pt;"> </font><font style="font-family:Arial;font-size:10pt;">September&#160;30, 2016</font><font style="font-family:Arial;font-size:10pt;">, and </font><font style="font-family:Arial;font-size:10pt;">2015</font><font style="font-family:Arial;font-size:10pt;">, respectively. As of </font><font style="font-family:Arial;font-size:10pt;">September&#160;30, 2016</font><font style="font-family:Arial;font-size:10pt;"> and </font><font style="font-family:Arial;font-size:10pt;">December 31, 2015</font><font style="font-family:Arial;font-size:10pt;">, amounts due from this customer accounted for </font><font style="font-family:Arial;font-size:10pt;">17%</font><font style="font-family:Arial;font-size:10pt;"> and </font><font style="font-family:Arial;font-size:10pt;">15%</font><font style="font-family:Arial;font-size:10pt;"> of our consolidated gross accounts receivables, respectively. </font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Revenue from another customer accounted for </font><font style="font-family:Arial;font-size:10pt;">11%</font><font style="font-family:Arial;font-size:10pt;"> and </font><font style="font-family:Arial;font-size:10pt;">13%</font><font style="font-family:Arial;font-size:10pt;"> of our consolidated revenue for the </font><font style="font-family:Arial;font-size:10pt;">three months ended</font><font style="font-family:Arial;font-size:10pt;"> </font><font style="font-family:Arial;font-size:10pt;">September&#160;30, 2016</font><font style="font-family:Arial;font-size:10pt;"> and </font><font style="font-family:Arial;font-size:10pt;">2015</font><font style="font-family:Arial;font-size:10pt;">, respectively, and </font><font style="font-family:Arial;font-size:10pt;">13%</font><font style="font-family:Arial;font-size:10pt;"> of our consolidated revenue for the </font><font style="font-family:Arial;font-size:10pt;">nine months ended</font><font style="font-family:Arial;font-size:10pt;"> </font><font style="font-family:Arial;font-size:10pt;">September&#160;30, 2016</font><font style="font-family:Arial;font-size:10pt;">, and </font><font style="font-family:Arial;font-size:10pt;">2015</font><font style="font-family:Arial;font-size:10pt;">. As of </font><font style="font-family:Arial;font-size:10pt;">September&#160;30, 2016</font><font style="font-family:Arial;font-size:10pt;"> and </font><font style="font-family:Arial;font-size:10pt;">December 31, 2015</font><font style="font-family:Arial;font-size:10pt;">, amounts due from this customer accounted for </font><font style="font-family:Arial;font-size:10pt;">14%</font><font style="font-family:Arial;font-size:10pt;"> and </font><font style="font-family:Arial;font-size:10pt;">5%</font><font style="font-family:Arial;font-size:10pt;"> of our consolidated gross accounts receivables, respectively.</font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Long-lived Assets:</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">The following table summarizes long-lived assets, consisting of property and equipment, by geographic region (in thousands):</font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="9" rowspan="1"></td></tr><tr><td style="width:58%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:18%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:18%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">September&#160;30, 2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">December&#160;31, 2015</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Americas</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">2,331</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">2,808</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Europe</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">950</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">1,223</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Asia Pacific</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">14</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">19</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Total</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">3,295</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">4,050</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Subsequent Events</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">On November 2, 2016, the Company's Board of Directors approved the termination of the Company's stock repurchase program.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Financial instruments that potentially subject the Company to concentrations of credit risk primarily consist of cash and cash equivalents placed with high credit quality financial institutions and accounts receivable due from customers. </font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Management evaluates the collectability of accounts receivable based on a combination of factors. If management becomes aware of a customer's inability to meet its financial obligations after a sale has occurred, the Company records an allowance to reduce the net receivable to the amount that management reasonably believes to be collectable from the customer. If the financial conditions of MRV's customers were to deteriorate or if economic conditions worsen, additional allowances may be required in the future. Accounts receivable are charged off at the point they are considered uncollectible.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Share Repurchase</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">On March 15, 2016, the Company's Board of Directors approved a repurchase of shares of the Company's common stock in an amount up to </font><font style="font-family:Arial;font-size:10pt;">$10.0 million</font><font style="font-family:Arial;font-size:10pt;"> under a stock repurchase program that expires on March 10, 2017. Through </font><font style="font-family:Arial;font-size:10pt;">September&#160;30, 2016</font><font style="font-family:Arial;font-size:10pt;">, the Company repurchased </font><font style="font-family:Arial;font-size:10pt;">232,284</font><font style="font-family:Arial;font-size:10pt;"> shares at a total cost of approximately </font><font style="font-family:Arial;font-size:10pt;">$2.4 million</font><font style="font-family:Arial;font-size:10pt;">, excluding commissions, under this stock repurchase program. As of </font><font style="font-family:Arial;font-size:10pt;">September&#160;30, 2016</font><font style="font-family:Arial;font-size:10pt;">, the Company had remaining authority to repurchase shares up to an additional </font><font style="font-family:Arial;font-size:10pt;">$7.6 million</font><font style="font-family:Arial;font-size:10pt;">, excluding commissions, under this stock repurchase program prior to its expiration. Through November 2, 2016, the Company repurchased a total of </font><font style="font-family:Arial;font-size:10pt;">264,058</font><font style="font-family:Arial;font-size:10pt;"> shares at a total cost of approximately </font><font style="font-family:Arial;font-size:10pt;">$2.7 million</font><font style="font-family:Arial;font-size:10pt;">, excluding commissions, under this stock repurchase program, leaving remaining authority to repurchase shares up to an additional </font><font style="font-family:Arial;font-size:10pt;">$7.3 million</font><font style="font-family:Arial;font-size:10pt;">, excluding commissions, under this stock repurchase program prior to its expiration. On November 2, 2016, the Company's Board of Directors approved the termination of the Company's stock repurchase program. (See Note 16, Subsequent Events)</font></div></div> EX-101.SCH 7 mrvc-20160930.xsd XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT 2102100 - Disclosure - Cash and Cash Equivalents and Restricted Time Deposits link:presentationLink link:calculationLink link:definitionLink 2402401 - Disclosure - Cash and Cash Equivalents and Restricted Time Deposits (Details) link:presentationLink link:calculationLink link:definitionLink 2112100 - Disclosure - Commitments and Contingencies link:presentationLink link:calculationLink link:definitionLink 2412401 - Disclosure - Commitments and Contingencies (Details) link:presentationLink link:calculationLink link:definitionLink 1003000 - Statement - Condensed Consolidated Balance Sheets (unaudited) link:presentationLink link:calculationLink link:definitionLink 1003501 - Statement - Condensed Consolidated Balance Sheets (unaudited) (Parenthetical) link:presentationLink link:calculationLink link:definitionLink 1004000 - Statement - Condensed Consolidated Statements of Cash Flows (unaudited) link:presentationLink link:calculationLink link:definitionLink 1002000 - Statement - Condensed Consolidated Statements of Comprehensive Income (Loss) (unaudited) link:presentationLink link:calculationLink link:definitionLink 1001000 - Statement - Condensed Consolidated Statements of Operations (unaudited) link:presentationLink link:calculationLink link:definitionLink 1001501 - Statement - Condensed Consolidated Statements of Operations (unaudited) (Parenthetical) link:presentationLink link:calculationLink link:definitionLink 2104100 - Disclosure - Credit Risk link:presentationLink link:calculationLink link:definitionLink 2404402 - Disclosure - Credit Risk (Changes in the Allowance for Doubtful Accounts) (Details) link:presentationLink link:calculationLink link:definitionLink 2304301 - Disclosure - Credit Risk (Tables) link:presentationLink link:calculationLink link:definitionLink 2118100 - Disclosure - Discontinued Operations link:presentationLink link:calculationLink link:definitionLink 2418401 - Disclosure - Discontinued Operations (Details) link:presentationLink link:calculationLink link:definitionLink 0001000 - Document - Document and Entity Information link:presentationLink link:calculationLink link:definitionLink 2103100 - Disclosure - Fair Value Measurement link:presentationLink link:calculationLink link:definitionLink 2403403 - Disclosure - Fair Value Measurement (Cash and Cash Equivalents) (Details) link:presentationLink link:calculationLink link:definitionLink 2403402 - Disclosure - Fair Value Measurement (Narrative) (Details) link:presentationLink link:calculationLink link:definitionLink 2303301 - Disclosure - Fair Value Measurement (Tables) link:presentationLink link:calculationLink link:definitionLink 2110100 - Disclosure - Geographic Information link:presentationLink link:calculationLink link:definitionLink 2410403 - Disclosure - Geographic Information (External Revenue and Long-Lived Assets by Geographic Region) (Details) link:presentationLink link:calculationLink link:definitionLink 2410402 - Disclosure - Geographic Information (Narrative) (Details) link:presentationLink link:calculationLink link:definitionLink 2310301 - Disclosure - Geographic Information (Tables) link:presentationLink link:calculationLink link:definitionLink 2116100 - Disclosure - Income Taxes link:presentationLink link:calculationLink link:definitionLink 2416402 - Disclosure - Income Taxes (Details) link:presentationLink link:calculationLink link:definitionLink 2416403 - Disclosure - Income Taxes (Narrative) (Details) link:presentationLink link:calculationLink link:definitionLink 2316301 - Disclosure - Income Taxes (Tables) link:presentationLink link:calculationLink link:definitionLink 2111100 - Disclosure - Indemnification Obligations link:presentationLink link:calculationLink link:definitionLink 2411401 - Disclosure - Indemnification Obligations (Narrative) (Details) link:presentationLink link:calculationLink link:definitionLink 2106100 - Disclosure - Intangible Assets link:presentationLink link:calculationLink link:definitionLink 2406403 - Disclosure - Intangible Assets (Amortization Expense, Maturity Schedule) (Details) link:presentationLink link:calculationLink link:definitionLink 2406402 - Disclosure - Intangible Assets (Narrative) (Details) link:presentationLink link:calculationLink link:definitionLink 2306301 - Disclosure - Intangible Assets (Tables) link:presentationLink link:calculationLink link:definitionLink 2105100 - Disclosure - Inventories link:presentationLink link:calculationLink link:definitionLink 2405402 - Disclosure - Inventories (Net of Reserves) (Details) link:presentationLink link:calculationLink link:definitionLink 2305301 - Disclosure - Inventories (Tables) link:presentationLink link:calculationLink link:definitionLink 2108100 - Disclosure - Net Income (Loss) Per Share link:presentationLink link:calculationLink link:definitionLink 2408402 - Disclosure - Net Income (Loss) Per Share (Details) link:presentationLink link:calculationLink link:definitionLink 2408403 - Disclosure - Net Income (Loss) Per Share (Narrative) (Details) link:presentationLink link:calculationLink link:definitionLink 2308301 - Disclosure - Net Income (Loss) Per Share (Tables) link:presentationLink link:calculationLink link:definitionLink 2101100 - Disclosure - Organization and Summary of significant accounting policies link:presentationLink link:calculationLink link:definitionLink 2401402 - Disclosure - Organization and Summary of significant accounting policies (Narrative) (Details) link:presentationLink link:calculationLink link:definitionLink 2201201 - Disclosure - Organization and Summary of significant accounting policies (Policies) link:presentationLink link:calculationLink link:definitionLink 2107100 - Disclosure - Product Warranty link:presentationLink link:calculationLink link:definitionLink 2407403 - Disclosure - Product Warranty (Change in Product Warranty Liability) (Details) link:presentationLink link:calculationLink link:definitionLink 2407402 - Disclosure - Product Warranty (Narrative) (Details) link:presentationLink link:calculationLink link:definitionLink 2307301 - Disclosure - Product Warranty (Tables) link:presentationLink link:calculationLink link:definitionLink 2109100 - Disclosure - Share-Based Compensation link:presentationLink link:calculationLink link:definitionLink 2409403 - Disclosure - Share-Based Compensation (Narrative) (Details) link:presentationLink link:calculationLink link:definitionLink 2409402 - Disclosure - Share-Based Compensation (Share-Based Compensation Expense) (Details) link:presentationLink link:calculationLink link:definitionLink 2309301 - Disclosure - Share-Based Compensation (Tables) link:presentationLink link:calculationLink link:definitionLink 2409404 - Disclosure - Share-Based Compensation (Valuation Assumptions) (Details) link:presentationLink link:calculationLink link:definitionLink 2115100 - Disclosure - Share Repurchase link:presentationLink link:calculationLink link:definitionLink 2415401 - Disclosure - Share Repurchase (Narrative) (Details) link:presentationLink link:calculationLink link:definitionLink 2119100 - Disclosure - Subsequent Events link:presentationLink link:calculationLink link:definitionLink EX-101.CAL 8 mrvc-20160930_cal.xml XBRL TAXONOMY EXTENSION CALCULATION LINKBASE DOCUMENT EX-101.DEF 9 mrvc-20160930_def.xml XBRL TAXONOMY EXTENSION DEFINITION LINKBASE DOCUMENT EX-101.LAB 10 mrvc-20160930_lab.xml XBRL TAXONOMY EXTENSION LABEL LINKBASE DOCUMENT Inventory Disclosure [Abstract] Schedule of inventories, net of reserves Schedule of Inventory, Current [Table Text Block] Statement of Financial Position [Abstract] Preferred stock, par value (usd per share) Preferred Stock, Par or Stated Value Per Share Preferred stock, shares authorized (shares) Preferred Stock, Shares Authorized Preferred stock, shares issued (shares) Preferred Stock, Shares Issued Preferred stock, shares outstanding (shares) Preferred Stock, Shares Outstanding Common stock, par value (usd per share) Common Stock, Par or Stated Value Per Share Common stock, shares authorized (shares) Common Stock, Shares Authorized Common stock, shares issued (shares) Common Stock, Shares, Issued Common stock, shares outstanding (shares) Common Stock, Shares, Outstanding Treasury stock, shares (shares) Treasury Stock, Shares Receivables [Abstract] Schedule of changes in the allowance for doubtful accounts Schedule of Allowance for Doubtful Accounts [Table Text Block] Schedule of Allowance for Doubtful Accounts [Table Text Block] Cash and Cash Equivalents [Abstract] Schedule of Cash and Cash Equivalents [Table] Schedule of Cash and Cash Equivalents [Table] Restricted Cash and Cash Equivalents [Axis] Restricted Cash and Cash Equivalents [Axis] Cash and Cash Equivalents [Domain] Cash and Cash Equivalents [Domain] Restricted Time Deposits [Member] Bank Time Deposits [Member] Certificates of Deposit [Member] Certificates of Deposit [Member] Restricted Time Deposit [Member] Restricted Time Deposit [Member] Restricted Time Deposit [Member] Geographical [Axis] Geographical [Axis] Geographical [Domain] Geographical [Domain] United States [Member] UNITED STATES Foreign [Member] Foreign [Member] Foreign [Member] Cash and Cash Equivalents [Line Items] Cash and Cash Equivalents [Line Items] Cash and cash equivalents Cash and Cash Equivalents, at Carrying Value Certificate of deposit Restricted Investments, Current Segment Reporting [Abstract] Schedule of revenue and long-lived assets by geographic region Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas [Table Text Block] Commitments and Contingencies Disclosure [Abstract] Indemnification Obligations Indemnification Obligations Disclosure [Text Block] Indemnification Obligations Disclosure [Text Block] Fair Value Disclosures [Abstract] Fair Value Measurement Fair Value Disclosures [Text Block] Goodwill and Intangible Assets Disclosure [Abstract] Intangible Assets Goodwill and Intangible Assets Disclosure [Text Block] Commitments and Contingencies Commitments Contingencies and Guarantees [Text Block] Income Tax Disclosure [Abstract] Conversion of Stock [Table] Conversion of Stock [Table] Award Type [Axis] Award Type [Axis] Award Type [Domain] Equity Award [Domain] Preferred Stock [Member] Preferred Stock [Member] Series A Junior Participating Preferred Stock [Member] Series A Preferred Stock [Member] Common Stock [Member] Common Stock [Member] Conversion of Stock [Line Items] Conversion of Stock [Line Items] Federal net operating loss Deferred Tax Assets, Operating Loss Carryforwards, Domestic State net operating loss Deferred Tax Assets, Operating Loss Carryforwards, State and Local Foreign net operating loss Deferred Tax Assets, Operating Loss Carryforwards, Foreign Ownership change, percent of equity ownership Ownership Change, Percent of Equity Ownership Ownership Change, Percent of Equity Ownership Ownership change, duration Ownership Change, Duration Ownership Change, Duration Number of securities called by each share Class of Warrant or Right, Number of Securities Called by Each Warrant or Right Ownership percentage to become an acquiring person Noncontrolling Interest, Ownership Percentage to become an Acquiring Person Noncontrolling Interest, Ownership Percentage to become an Acquiring Person Exercise price (usd per share) Class of Warrant or Right, Exercise Price of Warrants or Rights Equity [Abstract] Class of Treasury Stock [Table] Class of Treasury Stock [Table] Subsequent Event Type [Axis] Subsequent Event Type [Axis] Subsequent Event Type [Domain] Subsequent Event Type [Domain] Subsequent Event Subsequent Event [Member] Equity, Class of Treasury Stock [Line Items] Equity, Class of Treasury Stock [Line Items] Stock repurchase program, authorized amount Stock Repurchase Program, Authorized Amount Treasury stock, shares acquired (shares) Treasury Stock, Shares, Acquired Purchase of treasury shares Payments for Repurchase of Common Stock Stock repurchase program, remaining authorized repurchase amount Stock Repurchase Program, Remaining Authorized Repurchase Amount Inventories Inventory Disclosure [Text Block] Cash equivalents included in the balance sheet Fair Value, by Balance Sheet Grouping [Table Text Block] Fair Value, by Balance Sheet Grouping [Table] Fair Value, by Balance Sheet Grouping [Table] Cash and Cash Equivalents [Axis] Cash and Cash Equivalents [Axis] Money Market Funds [Member] Money Market Funds [Member] Fair Value, Hierarchy [Axis] Fair Value, Hierarchy [Axis] Fair Value Hierarchy [Domain] Fair Value Hierarchy [Domain] Fair Value, Inputs, Level 1 [Member] Fair Value, Inputs, Level 1 [Member] Measurement Basis [Axis] Measurement Basis [Axis] Fair Value Measurement [Domain] Fair Value Measurement [Domain] Portion at Fair Value Measurement [Member] Portion at Fair Value Measurement [Member] Cost [Member] Reported Value Measurement [Member] Fair Value [Member] Estimate of Fair Value Measurement [Member] Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] Cash equivalents Cash and Cash Equivalents, Fair Value Disclosure Earnings Per Share [Abstract] Net Income (Loss) Per Share Earnings Per Share [Text Block] Disclosure of Compensation Related Costs, Share-based Payments [Abstract] Schedule of Share-based Compensation Arrangements by Share-based Payment Award [Table] Schedule of Share-based Compensation Arrangements by Share-based Payment Award [Table] Stock Options [Member] Employee Stock Option [Member] Restricted Stock [Member] Restricted Stock [Member] Share-based Compensation Arrangement by Share-based Payment Award [Line Items] Share-based Compensation Arrangement by Share-based Payment Award [Line Items] Stock options, grants during period (shares) Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross Options granted, weighted average exercise price (usd per share) Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price Restricted stock, grants during period (shares) Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period Restricted stock granted, weighted average grant date fair value (usd per share) Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value Total compensation cost not yet recognized Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Stock Options Total compensation cost not yet recognized, period for recognition Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition Schedule of computation of net loss per common share - basic and diluted Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] Share Repurchase Treasury Stock [Text Block] Document and Entity Information [Abstract] Document and Entity Information [Abstract] Entity Registrant Name Entity Registrant Name Entity Central Index Key Entity Central Index Key Entity Filer Category Current Fiscal Year End Date Entity Filer Category Entity Filer Category Document Type Document Type Document Period End Date Document Period End Date Document Fiscal Year Focus Document Fiscal Year Focus Document Fiscal Period Focus Document Fiscal Period Focus Amendment Flag Amendment Flag Entity Common Stock, Shares Outstanding (shares) Entity Common Stock, Shares Outstanding Schedule of Revenues from External Customers and Long-Lived Assets [Table] Schedule of Revenues from External Customers and Long-Lived Assets [Table] Concentration Risk Benchmark [Axis] Concentration Risk Benchmark [Axis] Concentration Risk Benchmark [Domain] Concentration Risk Benchmark [Domain] Revenue [Member] Sales Revenue, Services, Net [Member] Americas [Member] Americas [Member] Americas (Excluding the U.S.) [Member] Americas, Excluding The United States [Member] Americas, Excluding The United States [Member] Europe [Member] Europe [Member] Asia Pacific [Member] Asia Pacific [Member] Revenues from External Customers and Long-Lived Assets [Line Items] Revenues from External Customers and Long-Lived Assets [Line Items] Revenue Revenue, Net Concentration percentage Concentration Risk, Percentage Long-Lived Assets Long-Lived Assets Credit Risk Allowance for Credit Losses [Text Block] Product Warranties Disclosures [Abstract] Standard Product Warranty Period [Table] Standard Product Warranty Period [Table] Standard Product Warranty Period [Table] Range [Axis] Range [Axis] Range [Domain] Range [Domain] Minimum [Member] Minimum [Member] Maximum [Member] Maximum [Member] Standard Product Warranty Period [Line Items] Standard Product Warranty Period [Line Items] Standard Product Warranty Period [Line Items] Product warranty liability Standard and Extended Product Warranty Accrual Standard product warranty period Standard Product Warranty Period Standard Product Warranty Period Income Statement [Abstract] Revenue: Revenue, Net [Abstract] Product revenue Sales Revenue, Goods, Net Service revenue Sales Revenue, Services, Net Total revenue Cost of Revenue: Cost of Goods and Services Sold [Abstract] Cost of product Cost of Goods Sold Cost of services Cost of Services Total cost of revenue Cost of Goods and Services Sold Gross profit Gross Profit Operating expenses: Operating Expenses [Abstract] Product development and engineering Research and Development Expense Selling, general and administrative Selling, General and Administrative Expense Total operating expenses Operating Expenses Operating loss Operating Income (Loss) Interest expense Interest Expense Other income (expense), net Other Nonoperating Income (Expense) Income (loss) from continuing operations before provision for income taxes Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest Provision (benefit) for income taxes Income Tax Expense (Benefit) Income (loss) from continuing operations Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent Income from discontinued operations, net of income taxes of $490 and $1,303 in 2015 Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent Net income (loss) Net Income (Loss) Attributable to Parent Net income (loss) per share — basic Earnings Per Share, Basic [Abstract] From continuing operations (usd per share) Income (Loss) from Continuing Operations, Per Basic Share From discontinued operations (usd per share) Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Basic Share Net income (loss) per share — basic (usd per share) Earnings Per Share, Basic Net income (loss) per share — diluted Earnings Per Share, Diluted [Abstract] From continuing operations (usd per share) Income (Loss) from Continuing Operations, Per Diluted Share From discontinued operations (usd per share) Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Diluted Share Net income (loss) per share — diluted (usd per share) Earnings Per Share, Diluted Weighted average number of shares: Weighted Average Number of Shares Outstanding Basic and Diluted [Abstract] Weighted Average Number of Shares Outstanding Basic and Diluted [Abstract] Basic (shares) Weighted Average Number of Shares Outstanding, Basic Diluted (shares) Weighted Average Number of Shares Outstanding, Diluted Subsequent Events [Abstract] Subsequent Events Subsequent Events [Text Block] Organization, Consolidation and Presentation of Financial Statements [Abstract] Disposal Groups, Including Discontinued Operations [Table] Disposal Groups, Including Discontinued Operations [Table] Disposal Group Name [Axis] Disposal Group Name [Axis] Disposal Group Name [Domain] Disposal Group Name [Domain] Tecnonet [Member] Tecnonet [Member] Tecnonet [Member] Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] Number of business segments Number of Operating Segments Working capital adjustment Disposal Group, Including Discontinued Operation, Working Capital Adjustment Disposal Group, Including Discontinued Operation, Working Capital Adjustment Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table] Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table] Antidilutive Securities [Axis] Antidilutive Securities [Axis] Antidilutive Securities, Name [Domain] Antidilutive Securities, Name [Domain] Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] Antidilutive securities excluded from computation of earnings per share (shares) Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount Schedule of activity related to the product warranty liability Schedule of Product Warranty Liability [Table Text Block] Discontinued Operations and Disposal Groups [Abstract] Disposal Group Classification [Axis] Disposal Group Classification [Axis] Disposal Group Classification [Domain] Disposal Group Classification [Domain] Disposed of by Sale Discontinued Operations, Disposed of by Sale [Member] Balance Sheet Location [Axis] Balance Sheet Location [Axis] Balance Sheet Location [Domain] Balance Sheet Location [Domain] Other Current Assets [Member] Other Current Assets [Member] Receivables Receivables, Long-term Contracts or Programs Gain on sale Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal Schedule of Segment Reporting Information, by Segment [Table] Schedule of Segment Reporting Information, by Segment [Table] Australia [Member] AUSTRALIA Major Customers [Axis] Customer [Axis] Name of Major Customer [Domain] Customer [Domain] Major Customer, One [Member] Major Customer, One [Member] A single external customer that accounts for 10 percent or more of the entity's revenues Major Customer, Two [Member] Major Customer, Two [Member] Major Customer, Two Accounts Receivable [Member] Accounts Receivable [Member] Segment Reporting Information [Line Items] Segment Reporting Information [Line Items] Basis of Presentation Basis of Accounting, Policy [Policy Text Block] Recently Issued Accounting Standards New Accounting Pronouncements, Policy [Policy Text Block] Allowance for Doubtful Accounts Policy Trade and Other Accounts Receivable, Policy [Policy Text Block] Risk-free interest rate Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate Dividend yield Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate Volatility Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate Expected life (in years) Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term Share-Based Compensation Disclosure of Compensation Related Costs, Share-based Payments [Text Block] Discontinued Operations Disposal Groups, Including Discontinued Operations, Disclosure [Text Block] Allowance for Doubtful Accounts Receivable [Roll Forward] Allowance for Doubtful Accounts Receivable [Roll Forward] Balance at beginning of period Allowance for Doubtful Accounts Receivable (Reversed) to expense Provision for Doubtful Accounts Write-offs, net of amounts recovered Allowance for Doubtful Accounts Receivable, Write-offs Foreign currency translation adjustment Allowance For Doubtful Accounts, Foreign Currency Translation Reflects the net gain (loss) from converting allowance for doubtful accounts which are stated in a foreign currency into the currency used in the financial statements. Balance at end of period Assets Assets [Abstract] Current assets: Assets, Current [Abstract] Restricted time deposits Accounts receivable, net Accounts Receivable, Net, Current Inventories, net Inventory, Net Other current assets Other Assets, Current Total current assets Assets, Current Property and equipment, net Property, Plant and Equipment, Net Intangible assets, net Intangible Assets, Net (Excluding Goodwill) Other assets Other Assets, Noncurrent Total assets Assets Liabilities and stockholders' equity Liabilities and Equity [Abstract] Current liabilities: Liabilities, Current [Abstract] Deferred consideration payable Deferred consideration payable Deferred consideration payable Accounts payable Accounts Payable, Current Accrued liabilities Accrued Liabilities, Current Deferred revenue Deferred Revenue, Current Other current liabilities Other Liabilities, Current Total current liabilities Liabilities, Current Other long-term liabilities Other Liabilities, Noncurrent Commitments and contingencies (Note 12) Commitments and Contingencies Stockholders' equity: Stockholders' Equity Attributable to Parent [Abstract] Preferred Stock, $0.01 par value: Authorized — 1,000 shares; no shares issued or outstanding Preferred Stock, Value, Issued Common Stock, $0.0017 par value: Authorized---16,000 shares; Issued---8,429 shares in 2016 and 8,341 shares in 2015; Outstanding — 6,839 shares in 2016 and 6,982 shares in 2015 Common Stock, Value, Issued Additional paid-in capital Additional Paid in Capital Accumulated deficit Retained Earnings (Accumulated Deficit) Treasury stock — 1,591 shares in 2016 and 1,359 shares in 2015 Treasury Stock, Value Accumulated other comprehensive loss Accumulated Other Comprehensive Income (Loss), Net of Tax Total stockholders' equity Stockholders' Equity Attributable to Parent Total liabilities and stockholders' equity Liabilities and Equity Schedule of estimated future amortization expense Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block] Geographic Information Segment Reporting Disclosure [Text Block] 2016 - remainder of the year Finite-Lived Intangible Assets, Amortization Expense, Remainder of Fiscal Year 2017 Finite-Lived Intangible Assets, Amortization Expense, Year Two 2018 Finite-Lived Intangible Assets, Amortization Expense, Year Three 2019 Finite-Lived Intangible Assets, Amortization Expense, Year Four 2020 Finite-Lived Intangible Assets, Amortization Expense, Year Five Thereafter Finite-Lived Intangible Assets, Amortization Expense, after Year Five Total Finite-Lived Intangible Assets, Net Income Taxes Income Tax Disclosure [Text Block] Product Warranty Product Warranty Disclosure [Text Block] Raw materials Inventory, Raw Materials, Net of Reserves Work-in process Inventory, Work in Process, Net of Reserves Finished goods Inventory, Finished Goods, Net of Reserves Total Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Table] Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Table] Income Statement Location [Axis] Income Statement Location [Axis] Income Statement Location [Domain] Income Statement Location [Domain] Cost of Goods Sold [Member] Cost of Sales [Member] Product Development and Engineering [Member] Research and Development Expense [Member] Selling, General and Administrative [Member] Selling, General and Administrative Expenses [Member] Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items] Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items] Total share-based compensation expense Allocated Share-based Compensation Expense Cash and Cash Equivalents and Restricted Time Deposits Cash And Cash Equivalents And Restricted Time Deposits [Text Block] Cash And Cash Equivalents And Restricted Time Deposits [Text Block] Schedule of impact on results of operations of recording share-based compensation Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Table Text Block] Schedule of valuation assumptions Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block] Movement in Standard and Extended Product Warranty, Increase (Decrease) [Roll Forward] Movement in Standard and Extended Product Warranty Accrual, Increase (Decrease) [Roll Forward] Balance at beginning of the period Cost of warranty claims Standard and Extended Product Warranty Accrual, Decrease for Payments Accruals for product warranties Standard and Extended Product Warranty Accrual, Increase (Decrease) for Preexisting Warranties Balance at end of the period Schedule of Finite-Lived Intangible Assets [Table] Schedule of Finite-Lived Intangible Assets [Table] Finite-Lived Intangible Assets by Major Class [Axis] Finite-Lived Intangible Assets by Major Class [Axis] Finite-Lived Intangible Assets, Major Class Name [Domain] Finite-Lived Intangible Assets, Major Class Name [Domain] Developed Technology Rights, Placed in Service [Member] Developed Technology Rights, Placed in Service [Member] Developed Technology Rights, Placed in Service [Member] Developed Technology Rights, Not Placed in Service [Member] Developed Technology Rights, Not Placed in Service [Member] Developed Technology Rights, Not Placed in Service [Member] Finite-Lived Intangible Assets [Line Items] Finite-Lived Intangible Assets [Line Items] Intangible assets Amortization of intangible assets Amortization of Intangible Assets Estimated useful life of finite-lived intangible assets Finite-Lived Intangible Asset, Useful Life Income (loss) before provision (benefit) for income taxes Provision (benefit) for income taxes Effective tax rate Effective Income Tax Rate Reconciliation, Percent Statement of Cash Flows [Abstract] Cash flows from operating activities: Net Cash Provided by (Used in) Operating Activities [Abstract] Income from discontinued operations, net of taxes Loss from continuing operations Adjustments to reconcile net loss to net cash (used in) provided by operating activities: Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities [Abstract] Depreciation and amortization Depreciation, Depletion and Amortization Share-based compensation expense Share-based Compensation Provision for doubtful accounts Deferred income taxes Deferred Income Tax Expense (Benefit) Loss (gain) on disposition of property and equipment Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property Changes in operating assets and liabilities: Increase (Decrease) in Operating Capital [Abstract] Accounts and other receivables Increase (Decrease) in Accounts Receivable Inventories Increase (Decrease) in Inventories Other assets Increase (Decrease) in Other Operating Assets Accounts payable Increase (Decrease) in Accounts Payable Accrued liabilities Increase (Decrease) in Accrued Liabilities Income tax payable Increase (Decrease) in Income Taxes Payable Deferred revenue Increase (Decrease) in Deferred Revenue Other current liabilities Increase (Decrease) in Other Current Liabilities Cash (used in) provided by operating activities - continuing operations Net Cash Provided by (Used in) Operating Activities, Continuing Operations Cash provided by operating activities - discontinued operations Cash Provided by (Used in) Operating Activities, Discontinued Operations Net cash (used in) provided by operating activities Net Cash Provided by (Used in) Operating Activities Cash flows from investing activities: Net Cash Provided by (Used in) Investing Activities [Abstract] Purchases of property and equipment Payments to Acquire Property, Plant, and Equipment Proceeds from sale of Tecnonet Proceeds from Divestiture of Interest in Consolidated Subsidiaries Proceeds from sale of property and equipment Proceeds from Sale of Property, Plant, and Equipment (Increase) release of restricted time deposits Release of restricted time deposits Release of restricted time deposits Cash provided by (used in) Investing activities - continuing operations Net Cash Provided by (Used in) Investing Activities, Continuing Operations Cash used in Investing activities - discontinued operations Cash Provided by (Used in) Investing Activities, Discontinued Operations Net cash provided by (used in) investing activities Net Cash Provided by (Used in) Investing Activities Cash flows from financing activities: Net Cash Provided by (Used in) Financing Activities [Abstract] Proceeds from exercise of stock options Proceeds from Stock Options Exercised Purchase of treasury shares Cash used in Financing activities - continuing operations Net Cash Provided by (Used in) Financing Activities, Continuing Operations Cash used in Financing activities - discontinued operations Cash Provided by (Used in) Financing Activities, Discontinued Operations Net cash used in financing activities Net Cash Provided by (Used in) Financing Activities Effect of exchange rate changes on cash and cash equivalents Effect of Exchange Rate on Cash and Cash Equivalents Net decrease in cash and cash equivalents Cash and Cash Equivalents, Period Increase (Decrease) Cash and cash equivalents, beginning of period Cash and Cash Equivalents, at Carrying Value, Including Discontinued Operations Cash and cash equivalents, end of period Less: cash and cash equivalents of discontinued operations, end of period Cash and Cash Equivalents From Discontinued Operations, at Carrying Value Cash and Cash Equivalents From Discontinued Operations, at Carrying Value Cash and cash equivalents, end of period Supplemental disclosure of cash flow information: Supplemental Cash Flow Information [Abstract] Cash paid during period for interest Interest Paid Cash paid during period for income taxes Income Taxes Paid Income tax netted from Income from Discontinued Operations Discontinued Operation, Tax Effect of Discontinued Operation Purchase commitment period Long-term Purchase Commitment, Period Minimum future commitments Purchase Commitment, Remaining Minimum Amount Committed Recorded unconditional purchase obligation Recorded Unconditional Purchase Obligation Statement of Comprehensive Income [Abstract] Net income (loss) Other comprehensive loss, net of tax Other Comprehensive Income (Loss), Net of Tax [Abstract] Foreign currency translation gain (loss) Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax, Portion Attributable to Parent Total comprehensive income (loss) Comprehensive Income (Loss), Net of Tax, Attributable to Parent Organization and Summary of significant accounting policies Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block] Details of income taxes Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] Loss Contingencies [Table] Loss Contingencies [Table] Source Photonics [Member] Source Photonics [Member] Source Photonics [Member] Loss Contingency Nature [Axis] Loss Contingency Nature [Axis] Loss Contingency, Nature [Domain] Loss Contingency, Nature [Domain] Indemnification Agreement [Member] Indemnification Agreement [Member] Loss Contingencies [Line Items] Loss Contingencies [Line Items] Days in excess of statute of limitations Indemnification Obligation, Days in Excess of Statute of Limitations Indemnification Obligation, Days in Excess of Statute of Limitations - related to employee benefits, environmental liabilities and taxes Indemnification obligation deductible Loss Contingency, Deductible Before Recovery from Third Party Loss Contingency, Deductible Before Recovery from Third Party Indemnification obligation maximum possible loss Loss Contingency, Estimate of Possible Loss Loss contingency accrued Loss Contingency Accrual Numerator: Net Income (Loss) Attributable to Parent [Abstract] Net income (loss) Denominator Basic weighted average common shares outstanding (shares) Effect of dilutive securities (shares) Weighted Average Number Diluted Shares Outstanding Adjustment Diluted weighted average common shares outstanding (shares) Net income (loss) per common share Earnings Per Share, Basic and Diluted [Abstract] Net income (loss) per share — basic (usd per share) Net income (loss) per share — diluted (usd per share) EX-101.PRE 11 mrvc-20160930_pre.xml XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT GRAPHIC 12 mrvlogoa02a01a01a02a03a03.jpg begin 644 mrvlogoa02a01a01a02a03a03.jpg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end XML 13 R1.htm IDEA: XBRL DOCUMENT v3.5.0.2
Document and Entity Information - shares
 9 Months Ended
Sep. 30, 2016
Nov. 02, 2016
Document and Entity Information [Abstract]    
Entity Registrant Name MRV COMMUNICATIONS INC  
Entity Central Index Key 0000887969  
Entity Filer Category --12-31  
Entity Filer Category Accelerated Filer  
Document Type 10-Q  
Document Period End Date Sep. 30, 2016  
Document Fiscal Year Focus 2016  
Document Fiscal Period Focus Q3  
Amendment Flag false  
Entity Common Stock, Shares Outstanding (shares)   6,808,442
XML 14 R2.htm IDEA: XBRL DOCUMENT v3.5.0.2
Condensed Consolidated Statements of Operations (unaudited) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Revenue:        
Product revenue $ 16,063 $ 20,847 $ 50,728 $ 61,809
Service revenue 2,884 2,086 8,685 7,828
Total revenue 18,947 22,933 59,413 69,637
Cost of Revenue:        
Cost of product 8,868 9,758 26,748 31,007
Cost of services 1,113 1,061 3,825 3,013
Total cost of revenue 9,981 10,819 30,573 34,020
Gross profit 8,966 12,114 28,840 35,617
Operating expenses:        
Product development and engineering 4,937 4,901 15,406 15,336
Selling, general and administrative 6,931 7,281 21,955 22,396
Total operating expenses 11,868 12,182 37,361 37,732
Operating loss (2,902) (68) (8,521) (2,115)
Interest expense (7) (11) (35) (48)
Other income (expense), net (173) 188 (348) (26)
Income (loss) from continuing operations before provision for income taxes (3,082) 109 (8,904) (2,189)
Provision (benefit) for income taxes 31 (39) 128 88
Income (loss) from continuing operations (3,113) 148 (9,032) (2,277)
Income from discontinued operations, net of income taxes of $490 and $1,303 in 2015 0 738 0 1,814
Net income (loss) $ (3,113) $ 886 $ (9,032) $ (463)
Net income (loss) per share — basic        
From continuing operations (usd per share) $ (0.45) $ 0.02 $ (1.31) $ (0.33)
From discontinued operations (usd per share) 0.00 0.11 0.00 0.26
Net income (loss) per share — basic (usd per share) (0.45) 0.13 (1.31) (0.07)
Net income (loss) per share — diluted        
From continuing operations (usd per share) (0.45) 0.02 (1.31) (0.33)
From discontinued operations (usd per share) 0.00 0.11 0.00 0.26
Net income (loss) per share — diluted (usd per share) $ (0.45) $ 0.13 $ (1.31) $ (0.07)
Weighted average number of shares:        
Basic (shares) 6,868 6,978 6,912 7,032
Diluted (shares) 6,868 7,014 6,912 7,032
XML 15 R3.htm IDEA: XBRL DOCUMENT v3.5.0.2
Condensed Consolidated Statements of Operations (unaudited) (Parenthetical) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Income Statement [Abstract]        
Income tax netted from Income from Discontinued Operations $ 0 $ 490 $ 0 $ 1,303
XML 16 R4.htm IDEA: XBRL DOCUMENT v3.5.0.2
Condensed Consolidated Statements of Comprehensive Income (Loss) (unaudited) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Statement of Comprehensive Income [Abstract]        
Net income (loss) $ (3,113) $ 886 $ (9,032) $ (463)
Other comprehensive loss, net of tax        
Foreign currency translation gain (loss) 66 159 103 (2,025)
Total comprehensive income (loss) $ (3,047) $ 1,045 $ (8,929) $ (2,488)
XML 17 R5.htm IDEA: XBRL DOCUMENT v3.5.0.2
Condensed Consolidated Balance Sheets (unaudited) - USD ($)
$ in Thousands
Sep. 30, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 20,922 $ 26,169
Restricted time deposits 5,277 5,190
Accounts receivable, net 15,373 14,837
Inventories, net 10,185 10,226
Other current assets 3,461 6,851
Total current assets 55,218 63,273
Property and equipment, net 3,295 4,050
Intangible assets, net 1,067 1,153
Other assets 423 608
Total assets 60,003 69,084
Current liabilities:    
Deferred consideration payable 233 233
Accounts payable 8,473 5,749
Accrued liabilities 9,252 9,972
Deferred revenue 6,783 7,642
Other current liabilities 135 196
Total current liabilities 24,876 23,792
Other long-term liabilities 3,819 3,846
Commitments and contingencies (Note 12)
Stockholders' equity:    
Preferred Stock, $0.01 par value: Authorized — 1,000 shares; no shares issued or outstanding 0 0
Common Stock, $0.0017 par value: Authorized---16,000 shares; Issued---8,429 shares in 2016 and 8,341 shares in 2015; Outstanding — 6,839 shares in 2016 and 6,982 shares in 2015 270 270
Additional paid-in capital 1,286,953 1,285,787
Accumulated deficit (1,236,703) (1,227,671)
Treasury stock — 1,591 shares in 2016 and 1,359 shares in 2015 (17,730) (15,355)
Accumulated other comprehensive loss (1,482) (1,585)
Total stockholders' equity 31,308 41,446
Total liabilities and stockholders' equity $ 60,003 $ 69,084
XML 18 R6.htm IDEA: XBRL DOCUMENT v3.5.0.2
Condensed Consolidated Balance Sheets (unaudited) (Parenthetical) - $ / shares
Sep. 30, 2016
Dec. 31, 2015
Statement of Financial Position [Abstract]    
Preferred stock, par value (usd per share) $ 0.01 $ 0.01
Preferred stock, shares authorized (shares) 1,000,000 1,000,000
Preferred stock, shares issued (shares) 0 0
Preferred stock, shares outstanding (shares) 0 0
Common stock, par value (usd per share) $ 0.0017 $ 0.0017
Common stock, shares authorized (shares) 16,000,000 16,000,000
Common stock, shares issued (shares) 8,429,000 8,341,000
Common stock, shares outstanding (shares) 6,839,000 6,982,000
Treasury stock, shares (shares) 1,591,000 1,359,000
XML 19 R7.htm IDEA: XBRL DOCUMENT v3.5.0.2
Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash flows from operating activities:    
Net income (loss) $ (9,032) $ (463)
Income from discontinued operations, net of taxes 0 (1,814)
Loss from continuing operations (9,032) (2,277)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:    
Depreciation and amortization 1,451 1,547
Share-based compensation expense 1,106 758
Provision for doubtful accounts (25) (9)
Deferred income taxes 0 174
Loss (gain) on disposition of property and equipment 69 (2)
Changes in operating assets and liabilities:    
Accounts and other receivables (508) (142)
Inventories 170 692
Other assets (1,139) 2,018
Accounts payable 2,720 34
Accrued liabilities (486) 390
Income tax payable 79 (308)
Deferred revenue (1,182) (25)
Other current liabilities (202) (584)
Cash (used in) provided by operating activities - continuing operations (6,979) 2,266
Cash provided by operating activities - discontinued operations 0 3,834
Net cash (used in) provided by operating activities (6,979) 6,100
Cash flows from investing activities:    
Purchases of property and equipment (681) (1,162)
Proceeds from sale of Tecnonet 4,789 0
Proceeds from sale of property and equipment 2 9
(Increase) release of restricted time deposits (87) 45
Cash provided by (used in) Investing activities - continuing operations 4,023 (1,108)
Cash used in Investing activities - discontinued operations 0 (74)
Net cash provided by (used in) investing activities 4,023 (1,182)
Cash flows from financing activities:    
Proceeds from exercise of stock options 73 146
Purchase of treasury shares (2,375) (4,944)
Cash used in Financing activities - continuing operations (2,302) (4,798)
Cash used in Financing activities - discontinued operations 0 (2,111)
Net cash used in financing activities (2,302) (6,909)
Effect of exchange rate changes on cash and cash equivalents 11 (518)
Net decrease in cash and cash equivalents (5,247) (2,509)
Cash and cash equivalents, beginning of period 26,169 22,422
Cash and cash equivalents, end of period 20,922 19,913
Less: cash and cash equivalents of discontinued operations, end of period 0 5,800
Cash and cash equivalents, end of period 20,922 14,113
Supplemental disclosure of cash flow information:    
Cash paid during period for interest 0 102
Cash paid during period for income taxes $ 111 $ 765
XML 20 R8.htm IDEA: XBRL DOCUMENT v3.5.0.2
Organization and Summary of significant accounting policies
 9 Months Ended
Sep. 30, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Organization and Summary of significant accounting policies
Organization and Summary of significant accounting policies

Organization and nature of operations

MRV Communications, Inc. ("MRV" or the "Company"), a Delaware corporation, is a global supplier of communications solutions to telecommunications service providers, data center operators, enterprises and governments throughout the world. MRV’s technologies, platforms and expertise enable our customers to overcome the challenge of orchestrating the ever-increasing need for capacity while improving service delivery and lowering network costs for critical applications such as high-capacity business services, mobile backhaul and data center connectivity. MRV markets and sells its products worldwide, through a variety of channels, which include a dedicated direct sales force, distributors, value-added-resellers, systems integrators and sales agents. Until the third quarter of 2015, MRV conducted its business along two principal segments: the Network Equipment segment and the Network Integration segment. MRV's Network Equipment segment designs, manufactures, sells and services equipment used by commercial customers, governments, and telecommunications service providers. Products include packet switching, optical transport, infrastructure management equipment and service orchestration and provisioning software. The Network Integration segment, which primarily operated in Italy and provided network system design, integration and distribution services that includes products manufactured by third-party vendors, was sold in December 2015.

On December 3, 2015, the Company completed the sale of all of its shares of its wholly owned subsidiary, Tecnonet S.p.A.("Tecnonet"), pursuant to a shares purchase agreement, dated as of August 10, 2015 (the "Purchase Agreement") with Maticmind S.p.A, a company incorporated under the laws of Italy. Tecnonet was the last business unit in our Network Integration segment. On February 19, 2016, the Company received a payment of €4.3 million (approximately $4.8 million) representing the post-closing purchase price adjustment pursuant to the Purchase Agreement.

Basis of Presentation

The accompanying condensed consolidated financial statements include the accounts of MRV and its wholly-owned subsidiaries. All significant intercompany transactions and accounts have been eliminated.

The condensed consolidated unaudited financial statements included herein have been prepared by MRV pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). The year-end condensed consolidated balance sheet was derived from audited financial statements, but does not include all disclosures required by generally accepted in the United States of America ("GAAP"). Certain information and footnote disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such rules and regulations. The information included in this Quarterly Report on Form 10-Q for the quarter ended September 30, 2016, (this “Form 10-Q”) should be read in conjunction with the Financial Statements and Notes thereto included in the Company's Annual Report on Form 10-K for the year ended December 31, 2015, (the “2015 Form 10-K”) filed with the SEC.

In the opinion of MRV's management, the unaudited interim financial information contained herein includes all normal recurring adjustments, necessary to present fairly the financial position of MRV as of September 30, 2016, and the results of its operations and comprehensive loss, and cash flows for the three and nine months ended September 30, 2016 and 2015. The results reported in these condensed consolidated financial statements should not be regarded as necessarily indicative of results that may be expected for the full year or any future periods.

Reclassification

Prior Period Reclassifications. On December 3, 2015, the Company completed the sale of Tecnonet. The results of operations for Tecnonet have been reclassified and presented as discontinued operations in this Form 10-Q for all periods presented. Cash flows from discontinued operations are presented separately from the cash flows from continuing operations in the accompanying Statement of Cash Flows. (See Note 15, Discontinued Operations)

Recently Issued Accounting Standards

We consider the applicability and impact of all Accounting Standards Updates (“ASUs”). The ASUs not listed below were assessed and determined by management to be either not applicable or are expected to have minimal impact on our consolidated financial position and/or results of operations.

In May 2014, the Financial Accounting Standards Board (the "FASB") issued ASU No. 2014-09, "Revenue from Contracts with Customers (Topic 606)," ("ASU 2014-09"). ASU 2014-09 outlines a new, single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and supersedes current revenue recognition guidance, including industry-specific guidance. This new revenue recognition model provides a five-step analysis in determining when and how revenue is recognized. The new model will require revenue recognition to depict the transfer of promised goods or services to customers in an amount that reflects the consideration a company expects to receive in exchange for those goods or services. The amendments may be applied retrospectively to each prior period presented or retrospectively with the cumulative effect recognized as of the date of initial application. ASU 2014-09 was originally effective for interim and annual reporting periods beginning after December 15, 2016. In August 2015, the FASB issued ASU 2015-14, Revenue from Contracts with Customers (Topic 606) – Deferral of the Effective Date, which defers the effective date to annual reporting periods beginning after December 15, 2017. Early application is permitted after December 15, 2016. Management is currently evaluating the potential impact that adopting ASU 2014-09 will have on its condensed consolidated financial statements and footnote disclosures. Management anticipates concluding its evaluation by March 31, 2017 and plans to adopt ASU 2014-09 on January 1, 2018.

In August 2014, the FASB issued ASU No. 2014-15, "Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern" ("ASU 2014-15"). ASU 2014-15 provides guidance on management’s responsibility in evaluating whether there is substantial doubt about an entity’s ability to continue as a going concern and to provide related footnote disclosures. ASU 2014-15 will become effective for the Company for fiscal years beginning after December 15, 2016, including interim periods within those fiscal years. Early adoption is permitted. Management is currently evaluating the potential impact that adopting ASU 2014-15 will have on its condensed consolidated financial statements and footnote disclosures.

In July 2015, the FASB issued ASU No. 2015-11, "Simplifying the Measurement of Inventory" (“ASU 2015-11”). ASU 2015-11 simplifies the guidance on the subsequent measurement of inventory, excluding inventory measured using the last-in, first out (LIFO), or the retail inventory method. Under the new standard, inventory should be at the lower of cost and net realizable value. ASU 2015-11 will become effective for the Company for fiscal years beginning after December 15, 2016, including interim periods within those fiscal years. Early adoption is permitted. Management is currently evaluating the potential impact that adopting ASU 2015-11 will have on its condensed consolidated financial statements and footnote disclosures.

In November 2015, the FASB issued ASU No. 2015-17, "Balance Sheet Classification of Deferred Taxes" ("ASU 2015-17"). The amendments in ASU 2015-17 simplify the presentation of deferred income taxes by requiring that deferred tax assets and liabilities be classified as non-current. ASU 2015-17 will become effective for the Company for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. Early adoption is permitted. Management is currently evaluating the potential impact that adopting ASU 2015-17 will have on its condensed consolidated financial statements and footnote disclosures.

In February 2016, the FASB issued ASU No. 2016-02, "Leases" ("ASU 2016-02"). The amendments in ASU 2016-02 require companies that lease assets to recognize on their balance sheets the assets and liabilities for the rights and obligations generated by contracts longer than a year. ASU 2016-02 will become effective for the Company for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. The guidance is required to be applied using the modified retrospective transition approach. Early adoption is permitted. Management is currently evaluating the potential impact that adopting ASU 2016-02 will have on its condensed consolidated financial statements and footnote disclosures.

In March 2016, the FASB issued ASU No. 2016-08, “Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations” (“ASU 2016-08”). The amendments in ASU 2016-08 clarify the implementation guidance on principal versus agent considerations. ASU 2016-08 will become effective for the Company for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. Management is currently evaluating the potential impact that adopting ASU 2016-08 will have on its condensed consolidated financial statements and footnote disclosures.

In March 2016, the FASB issued ASU No. 2016-09, "Stock Compensation (Topic 718): Improvements to employee Share-Based Payment Accounting" ("ASU 2016-09"). The amendments in ASU 2016-09 simplify the accounting for share-based payment award transactions including: income tax consequences, classification of awards as either equity or liabilities and classification on the statement of cash flows. ASU 2016-09 will become effective for fiscal years beginning after December 15, 2016, including interim periods within those fiscal years. Early adoption is permitted. Management is currently evaluating the potential impact that adopting ASU 2016-09 will have on its condensed consolidated financial statements and footnote disclosures and plans to adopt ASU 2016-09 on January 1, 2017.

In April 2016, the FASB issued ASU No. 2016-10, “Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing” (“ASU 2016-10”). The amendments in ASU 2016-10 provide more detailed guidance in the following key areas: identifying performance obligations and licenses of intellectual property. ASU 2016-10 will become effective for the Company for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. Management is currently evaluating the potential impact that adopting ASU 2016-10 will have on its condensed consolidated financial statements and footnote disclosures.

In May 2016, the FASB issued ASU No. 2016-12, “Revenue from Contracts with Customers (Topic 660): Narrow-Scope Improvements and Practical Expedients” (“ASU 2016-12”). The amendments in ASU 2016-12 clarify certain narrow aspects of Topic 660 such as assessing the collectability criterion, presentation of sales taxes and other similar taxes collected from customers, non-cash consideration, contract modifications at transition, completed contracts at transition, and technical correction. ASU 2016-12 will become effective for the Company for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. Management is currently evaluating the potential impact that adopting ASU 2016-12 will have on its condensed consolidated financial statements and footnote disclosures.

In August 2016, the FASB issued ASU No. 2016-15, “Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments” (“ASU 2016-15”). The amendments in ASU 2016-15 reduce the diversity in practice in how certain cash receipts and cash payments are presented and classified in the statement of cash flows. ASU 2016-15 will become effective for the Company for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. Early adoption is permitted. Management is currently evaluating the potential impact that adopting ASU 2016-15 will have on its condensed consolidated financial statements and footnote disclosures.
XML 21 R9.htm IDEA: XBRL DOCUMENT v3.5.0.2
Cash and Cash Equivalents and Restricted Time Deposits
 9 Months Ended
Sep. 30, 2016
Cash and Cash Equivalents [Abstract]  
Cash and Cash Equivalents and Restricted Time Deposits
Cash and Cash Equivalents and Restricted Time Deposits

MRV accounts for highly liquid investments with an original maturity of 90 days or less as cash equivalents. Investments with maturities of less than one year are considered short-term and are included on the balance sheet in restricted time deposits. MRV maintains cash balances and investments in qualified financial institutions, and at various times such amounts are in excess of federally insured limits. As of September 30, 2016 and December 31, 2015, the Company's U.S. entities held $15.8 million and $21.6 million in cash and cash equivalents. The remaining $5.1 million and $4.6 million, respectively, were held by the Company's foreign subsidiaries in foreign bank deposit accounts.

Restricted time deposits represent investments that are restricted as to withdrawal or use and from time to time may include certificates of deposit. The investments in and releases of restricted time deposits are included in investing activities on the Company's Condensed Consolidated Statements of Cash Flows because the funds are invested in certificates of deposit. As of September 30, 2016 and December 31, 2015, the Company held $5.3 million and $5.2 million of restricted time deposits, respectively; $5.0 million of which represents a certificate of deposit with a highly rated financial institution and matures in December 2016. The remaining $0.3 million and $0.2 million of restricted time deposits held as of September 30, 2016 and December 31, 2015, respectively, represent security deposits that are restricted due to their respective agreements.
XML 22 R10.htm IDEA: XBRL DOCUMENT v3.5.0.2
Fair Value Measurement
 9 Months Ended
Sep. 30, 2016
Fair Value Disclosures [Abstract]  
Fair Value Measurement
Fair Value Measurement

MRV's financial instruments, including cash and cash equivalents, restricted time deposits, accounts receivable, other receivables and accounts payable are carried at cost, which approximates their fair value. The fair values of accounts receivable, other receivables and accounts payable approximate their carrying amounts due to their short-term nature.

The Company follows a framework for measuring fair value using a three-level hierarchy that prioritizes the use of observable inputs. The fair value hierarchy is divided into three levels based on the source of inputs as follows: Level 1 - Valuations based on unadjusted quoted prices in active markets for identical assets or liabilities; Level 2 - Valuations for which all significant inputs are observable, either directly or indirectly, other than level 1 inputs for similar instruments; Level 3 - Valuations based on inputs that are unobservable and significant to the overall fair value measurement. Under this framework, fair value is defined as the price that would be received to sell an asset or paid to transfer a liability (i.e., the “exit price”) in an orderly transaction between market participants at the measurement date. Management has not elected the fair value option for non-financial assets and liabilities.

As of September 30, 2016 and December 31, 2015, the Company had cash equivalents consisting of money market funds of $0 and $1.8 million, respectively that were classified as Level 1 investments and were quoted at market price. Cash equivalents included in the condensed consolidated balance sheets are as follows (in thousands):
 
 
Cost
 
Fair Value
September 30, 2016
 
$
—

 
$
—

December 31, 2015
 
$
1,807

 
$
1,807
XML 23 R11.htm IDEA: XBRL DOCUMENT v3.5.0.2
Credit Risk
 9 Months Ended
Sep. 30, 2016
Receivables [Abstract]  
Credit Risk
Credit Risk

Financial instruments that potentially subject the Company to concentrations of credit risk primarily consist of cash and cash equivalents placed with high credit quality financial institutions and accounts receivable due from customers.

Management evaluates the collectability of accounts receivable based on a combination of factors. If management becomes aware of a customer's inability to meet its financial obligations after a sale has occurred, the Company records an allowance to reduce the net receivable to the amount that management reasonably believes to be collectable from the customer. If the financial conditions of MRV's customers were to deteriorate or if economic conditions worsen, additional allowances may be required in the future. Accounts receivable are charged off at the point they are considered uncollectible.

The following table summarizes the changes in the allowance for doubtful accounts during the nine months ended September 30, 2016 (in thousands):
Balance at beginning of period
 
$
1,060

(Reversed) to expense
 
(25
)
Write-offs, net of amounts recovered
 
(100
)
Foreign currency translation adjustment
 
10

Balance at end of period
 
$
945
XML 24 R12.htm IDEA: XBRL DOCUMENT v3.5.0.2
Inventories
 9 Months Ended
Sep. 30, 2016
Inventory Disclosure [Abstract]  
Inventories
Inventories

Inventories are stated at the lower of cost or market and consist of materials, labor and overhead. Cost is computed using standard cost, which approximates actual cost, on a first-in, first-out basis.

Inventories, net of reserves, consisted of the following at September 30, 2016 and December 31, 2015 (in thousands):
 
 
September 30, 2016
 
December 31, 2015
Raw materials
 
$
2,928

 
$
3,132

Work-in process
 
911

 
839

Finished goods
 
6,346

 
6,255

Total
 
$
10,185

 
$
10,226
XML 25 R13.htm IDEA: XBRL DOCUMENT v3.5.0.2
Intangible Assets
 9 Months Ended
Sep. 30, 2016
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets
Intangible Assets

Intangible assets, net of amortization, consisted of intellectual property such as license agreements and totaled $1.1 million and $1.2 million as of September 30, 2016 and December 31, 2015, respectively. The terms of some of these license agreements provide for use of the licensed software into perpetuity while others are definite. The Company amortizes the cost of the license agreements over the estimated useful life, which can range between three to five years. Amortization expense related to intangible assets was approximately $183,000 and $150,000 for the nine months ended September 30, 2016 and 2015, respectively. As of September 30, 2016, intangible assets not yet placed into service totaled approximately $0.5 million.

The following table illustrates the estimated future amortization expense of intangible assets as of September 30, 2016 (in thousands):
Fiscal Year Ending December 31,
 
Estimated Amortization Expense
2016 - remainder of the year
 
$
82

2017
 
295

2018
 
234

2019
 
234

2020
 
136

Thereafter
 
86

Total
 
$
1,067
XML 26 R14.htm IDEA: XBRL DOCUMENT v3.5.0.2
Product Warranty
 9 Months Ended
Sep. 30, 2016
Product Warranties Disclosures [Abstract]  
Product Warranty
Product Warranty

As of September 30, 2016, and December 31, 2015, MRV's product warranty liabilities recorded in accrued liabilities were $0.5 million and $0.6 million, respectively. MRV accrues for warranty costs as part of cost of sales based on associated material product costs, technical support labor costs and associated overhead. The products sold are generally covered by a warranty for periods of 90 days to three years.

The following table summarizes the activity related to the product warranty liability during the nine months ended September 30, 2016 (in thousands):
Balance at beginning of the period
 
$
593

Cost of warranty claims
 
(73
)
Accruals for product warranties
 
29

Balance at end of the period
 
$
549
XML 27 R15.htm IDEA: XBRL DOCUMENT v3.5.0.2
Net Income (Loss) Per Share
 9 Months Ended
Sep. 30, 2016
Earnings Per Share [Abstract]  
Net Income (Loss) Per Share
Net Income (Loss) Per Share

Basic net income (loss) per share is computed using the weighted average number of shares of common stock outstanding, including restricted shares which, although they are legally outstanding and have voting rights, are subject to vesting and are treated as common stock equivalents in calculating basic net income (loss) per share. Diluted net income (loss) per share is computed using the weighted average number of shares of common stock outstanding and dilutive potential shares of common stock from stock options and warrants outstanding during the period. Diluted shares outstanding include the dilutive effect of in-the-money options, which is calculated based on the average share price for each period using the treasury stock method.

Employee share options, non-vested shares and similar equity instruments granted by MRV are treated as potential shares of common stock outstanding in computing diluted net income per share. Under the treasury stock method, the amount the employee must pay for exercising stock options, the amount of compensation cost for future service not yet recognized, and the amount of income tax benefits that would be realized and recorded in additional paid-in capital if the deduction for the award would reduce income taxes payable are assumed to be used to repurchase shares.

The following table sets forth the computation of net income (loss) per common share – basic and diluted (in thousands, except per share amounts):
 
 
Three months ended
 
Nine months ended
 
 
September 30
 
September 30
 
 
2016
 
2015
 
2016
 
2015
Numerator:
 
 
 
 
 
 
 
 
Net income (loss)
 
$
(3,113
)
 
$
886

 
$
(9,032
)
 
$
(463
)
Denominator
 
 
 
 
 
 
 
 
Basic weighted average common shares outstanding
 
6,868

 
6,978

 
6,912

 
7,032

Effect of dilutive securities
 
—

 
36

 
—

 
—

Diluted weighted average common shares outstanding
 
6,868

 
7,014

 
6,912

 
7,032

 
 
 
 
 
 
 
 
 
Net income (loss) per common share
 
 
 
 
 
 
 
 
Basic
 
$
(0.45
)
 
$
0.13

 
$
(1.31
)
 
$
(0.07
)
Diluted
 
$
(0.45
)
 
$
0.13

 
$
(1.31
)
 
$
(0.07
)


Outstanding stock options to purchase 414,174 and 290,974 shares of common stock were excluded from the computation of dilutive income (loss) per shares for the three months ended September 30, 2016 and 2015, respectively, as they were anti-dilutive. Outstanding stock options to purchase 436,037 and 407,480 shares of common stock were excluded from the computation of dilutive loss per shares for the nine months ended September 30, 2016 and 2015, respectively, as they were anti-dilutive. Treasury shares are excluded from the number of shares outstanding.
XML 28 R16.htm IDEA: XBRL DOCUMENT v3.5.0.2
Share-Based Compensation
 9 Months Ended
Sep. 30, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Share-Based Compensation
Share-Based Compensation

MRV records share-based compensation expense at fair value. The following table summarizes the impact on MRV's results of operations of recording share-based compensation for the three and nine months ended September 30, 2016 and 2015 (in thousands):
 
 
Three months ended
 
Nine months ended
 
 
September 30,
 
September 30,
 
 
2016
 
2015
 
2016
 
2015
Cost of goods sold
 
$
39

 
$
35

 
$
109

 
$
90

Product development and engineering
 
24

 
68

 
163

 
161

Selling, general and administrative
 
346

 
213

 
834

 
507

Total share-based compensation expense (1)
 
$
409

 
$
316

 
$
1,106

 
$
758


(1)
Income tax benefits realized from stock option exercises and similar awards were immaterial in all periods.

No stock options or restricted shares were granted during the three months ended September 30, 2016. During the nine months ended September 30, 2016, the Company granted 240,039 stock options with a related fair value of $4.86 per option and 88,869 restricted shares with a related fair value $10.95 per share.

During the three months ended September 30, 2015, the Company granted 31,000 stock options with a related fair value of $5.28 per option and 11,000 restricted shares with a related fair value of $12.12 per share. During the nine months ended September 30, 2015, the Company granted 228,848 stock options with a related fair value of $4.31 per option and 82,872 restricted shares with a related fair value of $9.96 per share.

As of September 30, 2016, the total unrecognized share-based compensation balance for unvested options, net of expected forfeitures, was $2.4 million and is expected to be amortized over a weighted-average period of 2.0 years.

Valuation Assumptions

MRV uses the Black-Scholes option pricing model to estimate the fair value of stock option awards or related modifications. The Black-Scholes model requires the use of subjective and complex assumptions, including the option's expected life and the underlying stock price volatility. MRV bases volatility on the Company's historical quoted prices and peer company data.
Nine months ended September 30,
2016
2015
Risk-free interest rate
1.4
%
1.7
%
Dividend yield (1)
—

—

Volatility
46
%
43
%
Expected life (in years)
5.9

6.0


(1)
As the Company does not pay a dividend on a regular basis, and dividends paid in the past have been special in nature, a dividend rate of zero was used.
XML 29 R17.htm IDEA: XBRL DOCUMENT v3.5.0.2
Geographic Information
 9 Months Ended
Sep. 30, 2016
Segment Reporting [Abstract]  
Geographic Information
Geographic Information

Following the completion of the sale of the Tecnonet business unit on December 3, 2015, MRV now has only one reportable segment: Network Equipment.

The Network Equipment segment designs, manufactures, sells and services equipment used by commercial customers, governments and telecommunications service providers. Products include packet switching, optical transport, infrastructure management equipment and service orchestration and provisioning software.

Revenues:

The following table summarizes external revenue by geographic region for the three months ended September 30, 2016 and 2015 (in thousands):
Three months ended September 30:
 
2016
 
% of revenue
 
2015
 
% of revenue
Revenue:
 
 
 
 
 
 
 
 
United States
 
$
9,207

 
49
%
 
$
10,369

 
45
%
Americas (Excluding U.S.)
 
1,878

 
10
%
 
1,297

 
6
%
Europe
 
3,125

 
16
%
 
5,202

 
23
%
Asia Pacific
 
4,737

 
25
%
 
6,065

 
26
%
Total
 
$
18,947

 
100
%
 
$
22,933

 
100
%


A significant percentage of the revenues generated in the Asia Pacific region are derived from Australia and accounted for 22% and 25% of our consolidated revenue for the three months ended September 30, 2016 and 2015, respectively. Revenues generated in Europe and the Americas (excluding U.S.) did not reflect any significant individual country concentration for the three months ended September 30, 2016 and 2015.

The following table summarizes external revenue by geographic region for the nine months ended September 30, 2016 and 2015 (in thousands):
Nine months ended September 30:
 
2016
 
% of revenue
 
2015
 
% of revenue
Revenue:
 
 
 
 
 
 
 
 
United States
 
$
30,164

 
51
%
 
$
34,233

 
49
%
Americas (Excluding the U.S.)
 
5,833

 
10
%
 
5,917

 
9
%
Europe
 
10,573

 
18
%
 
14,731

 
21
%
Asia Pacific
 
12,843

 
21
%
 
14,756

 
21
%
Total
 
$
59,413

 
100
%
 
$
69,637

 
100
%


A significant percentage of the revenues generated in the Asia Pacific region are derived from Australia and accounted for 20% and 19% of our consolidated revenue for the nine months ended September 30, 2016 and 2015, respectively. Revenues generated in Europe and the Americas(excluding U.S.) did not reflect any significant individual country concentration for the nine months ended September 30, 2016 and 2015.

Significant Customers:

Revenue from one customer accounted for 21% and 25% of our consolidated revenue for the three months ended September 30, 2016 and 2015, respectively, and 16% and 19% of our consolidated revenue for the nine months ended September 30, 2016, and 2015, respectively. As of September 30, 2016 and December 31, 2015, amounts due from this customer accounted for 17% and 15% of our consolidated gross accounts receivables, respectively.

Revenue from another customer accounted for 11% and 13% of our consolidated revenue for the three months ended September 30, 2016 and 2015, respectively, and 13% of our consolidated revenue for the nine months ended September 30, 2016, and 2015. As of September 30, 2016 and December 31, 2015, amounts due from this customer accounted for 14% and 5% of our consolidated gross accounts receivables, respectively.

Long-lived Assets:

The following table summarizes long-lived assets, consisting of property and equipment, by geographic region (in thousands):
 
 
September 30, 2016
 
December 31, 2015
Americas
 
$
2,331

 
$
2,808

Europe
 
950

 
1,223

Asia Pacific
 
14

 
19

Total
 
$
3,295

 
$
4,050
XML 30 R18.htm IDEA: XBRL DOCUMENT v3.5.0.2
Indemnification Obligations
 9 Months Ended
Sep. 30, 2016
Commitments and Contingencies Disclosure [Abstract]  
Indemnification Obligations
Indemnification Obligations

In connection with the sale by MRV of Source Photonics Inc. ("SPI") in October 2010, MRV agreed to indemnify the buyer against certain claims brought after the closing for prior-occurring events. Most of the indemnification obligations have expired, however any indemnification obligations related to intellectual property extend until the third anniversary of the closing, while indemnification related to employee benefits, environmental liabilities and taxes extend until their applicable statute of limitations has run plus 90 days, and indemnification obligations are not time limited for title and ownership representations. These indemnification obligations are subject to a $1.0 million deductible and a $20.0 million cap, and we have purchased an insurance policy to protect against such obligations.
 
The Company has received a notice from SPI, advising the Company of a tax audit for periods including tax returns filed prior to the acquisition of SPI by the buyer. MRV believes that it has meritorious defenses to the extent a formal indemnification claim is asserted and has submitted the potential claim to its insurer. MRV intends to vigorously contest any claim; however, no formal legal proceeding has been commenced, and MRV can provide no assurance that such claim would not have a material adverse effect on its business, operating results or financial condition.

Our agreements for the sale of certain business; CES in March 2012, Alcadon and Interdata in October 2012, and Tecnonet in December 2015, include customary indemnification obligations running to the respective buyers.

In connection with the sale of CES, MRV agreed to indemnify the buyer for the representations and warranties made in the sale and purchase agreement and purchased an insurance policy to protect against any claims of indemnification related to the representations and warranties.

In the normal course of business to facilitate sales of its products, MRV indemnifies other parties, including customers, lessors and parties to other transactions with us, with respect to certain matters. The Company has agreed to hold the other parties harmless against losses arising from a breach of representation or covenants, for intellectual property infringement, or other claims made against certain parties. These agreements may limit the time within which an indemnification claim can be made and the amount of the claim.

In addition, the Company has indemnification obligations to its current and certain former officers, directors, employees and agents, as set forth in the Company's bylaws.

We cannot estimate the amount of potential future payments, if any, that it might be required to make as a result of these obligations. Over the last decade, the Company has not incurred any significant expense as a result of obligations of this type that were not otherwise covered by our insurance policies. Accordingly, the Company has not accrued any amounts for such indemnification obligations. However, there can be no assurances that expenses will not be incurred under these indemnification provisions in the future.

We have agreements whereby our officers and directors are indemnified for certain events or occurrences while the officer or director is, or was, serving at our request in such capacity. The maximum potential amount of future payments we could be required to make under these indemnification agreements is unlimited; however, we retain directors and officers insurance that reduces our exposure and enables us to recover portions of amounts paid. As a result of our insurance coverage, we believe the estimated fair value of these indemnification agreements is minimal. Accordingly, no liabilities have been recorded for these agreements as of September 30, 2016 and December 31, 2015.
XML 31 R19.htm IDEA: XBRL DOCUMENT v3.5.0.2
Commitments and Contingencies
 9 Months Ended
Sep. 30, 2016
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies
Commitments and Contingencies

Purchase Commitments with Outsourcing Partners and Component Suppliers
We utilize several outsourcing partners to manufacture sub-assemblies for the Company’s products and to perform final assembly and testing of finished products. These outsourcing partners acquire components and build product based on demand information supplied by the Company, which typically covers periods up to 150 days. The Company also obtains individual components for its products from a wide variety of individual suppliers. Consistent with industry practice, the Company acquires components through a combination of purchase orders, supplier contracts, and open orders based on projected demand information. As of September 30, 2016 and December 31, 2015, the Company had outstanding minimum future commitments for manufacturing and component purchases which totaled $13.6 million and $11.9 million, respectively.
The Company records a liability for firm, non-cancelable and unconditional purchase commitments for quantities in excess of its future demand forecasts. As of September 30, 2016 and December 31, 2015, the liability for these purchase commitments was $0.4 million and $0.2 million, respectively, and is included in accounts payable on the condensed consolidated balance sheets.
Litigation
We are subject to legal claims and litigation in the ordinary course of business, including but not limited to product liability, employment and intellectual property claims. The outcome of any such matters is currently not determinable. In addition, we were party to the litigation set forth below.
Nhan T. Vo, individually and on behalf of other aggrieved employees vs. the Company, Superior Court of California, County of Los Angeles. On June 27, 2013, the plaintiff in this matter filed a lawsuit against the Company alleging claims for failure to properly pay overtime or provide meal and rest breaks to its non-exempt employees in California, among other things. The complaint seeks an unspecified amount of damages and penalties under provisions of the Labor Code, including the Labor Code Private Attorneys General Act. The Company has filed an answer denying all allegations regarding the plaintiff’s claims and asserting various defenses. Management believes it has accrued adequate reserves for this matter and does not expect the matter to have a material adverse effect on its business or financial condition. However, depending on the actual outcome of this case, further provisions could be recorded in the future which may have a material adverse effect on the Company’s operating results.
In connection with the sale by MRV of SPI in October 2010, MRV agreed to indemnify the buyer against certain claims brought after the closing for prior-occurring events. The Company has received a notice from SPI, advising the Company of a tax audit for periods including tax returns filed prior to the acquisition of SPI by the buyer. Management believes that it has meritorious defenses to the extent a formal indemnification claim is asserted and has submitted the potential claim to its insurer. MRV intends to vigorously contest any claim; however, no formal legal proceeding has been commenced, and MRV can provide no assurance that such claim would not have a material adverse effect on its business, operating results or financial condition.
From time to time, MRV receives notices from third parties alleging possible infringement of patents with respect to product features or manufacturing processes. Management believes such notices are common in the communications industry because of the large number of patents that have been filed on these subjects. The Company's policy is to discuss these notices with the parties in an effort to demonstrate that MRV's products and/or processes do not violate any patents. Management does not believe that any of these matters will result in a material adverse outcome.
MRV and its subsidiaries have from time to time been named as a defendant in other lawsuits involving matters that management considers routine to the nature of its business. Management is of the opinion that the ultimate resolution of such outstanding matters will not have a material adverse effect on our business, operating results and financial condition.
XML 32 R20.htm IDEA: XBRL DOCUMENT v3.5.0.2
Share Repurchase
 9 Months Ended
Sep. 30, 2016
Equity [Abstract]  
Share Repurchase
Share Repurchase

On March 15, 2016, the Company's Board of Directors approved a repurchase of shares of the Company's common stock in an amount up to $10.0 million under a stock repurchase program that expires on March 10, 2017. Through September 30, 2016, the Company repurchased 232,284 shares at a total cost of approximately $2.4 million, excluding commissions, under this stock repurchase program. As of September 30, 2016, the Company had remaining authority to repurchase shares up to an additional $7.6 million, excluding commissions, under this stock repurchase program prior to its expiration. Through November 2, 2016, the Company repurchased a total of 264,058 shares at a total cost of approximately $2.7 million, excluding commissions, under this stock repurchase program, leaving remaining authority to repurchase shares up to an additional $7.3 million, excluding commissions, under this stock repurchase program prior to its expiration. On November 2, 2016, the Company's Board of Directors approved the termination of the Company's stock repurchase program. (See Note 16, Subsequent Events)
XML 33 R21.htm IDEA: XBRL DOCUMENT v3.5.0.2
Income Taxes
 9 Months Ended
Sep. 30, 2016
Income Tax Disclosure [Abstract]  
Income Taxes
Income Taxes

The following table provides details of income taxes for the three and nine months ended September 30, 2016 and 2015 (in thousands, except percentages):
 
 
Three months ended
 
Nine months ended
 
 
September 30,
 
September 30,
 
 
2016
 
2015
 
2016
 
2015
Income (loss) before provision (benefit) for income taxes
 
$
(3,082
)
 
$
109

 
$
(8,904
)
 
$
(2,189
)
Provision (benefit) for income taxes
 
31

 
(39
)
 
128

 
88

Effective tax rate
 
(1
)%
 
(36
)%
 
(1
)%
 
(4
)%


The effective tax rate fluctuates based on the amount of pre-tax income or loss generated in the various jurisdictions where we conduct operations and pay income tax. The income tax expense is primarily due to state minimum income taxes that do not benefit from our state net operating loss carryforwards and to income tax in foreign jurisdictions without net operating loss carryforwards.

As of December 31, 2015, MRV had federal, state and foreign net operating loss ("NOL") carryforwards available of $169.3 million, $102.2 million and $98.5 million, respectively. Under the Internal Revenue Code, if a corporation undergoes an "ownership change," the corporation's ability to use its pre-change NOLs, capital loss carryforwards and other pre-change tax attributes to offset its post-change income may be limited. An ownership change is generally defined as a greater than 50% change in its equity ownership by value over a three-year period. We may experience an ownership change in the future as a result of subsequent shifts in our stock ownership. If we were to trigger an ownership change in the future, our ability to use any NOLs and capital loss carryforwards existing at that time could be limited. As of September 30, 2016, the deferred tax assets related our federal, state and foreign NOLs had a full valuation allowance.

NOL Rights Plan
On January 26, 2016, in an effort to protect the Company from potential adverse consequences arising from an ownership change under the Internal Revenue Code, including a significant reduction in the annual utilization of the Company’s net operating loss carryforwards, built-in losses and the impairment or loss of the NOLs and built-in losses prior to their use, the Company's Board of Directors approved the adoption of the Rights Agreement with American Stock Transfer & Trust Company, LLC, ("Rights Plan"). Pursuant to the Rights Plan, the Company declared a dividend distribution of one preferred stock purchase right (each a “Right” and collectively, the "Rights") for each outstanding share of the Company’s common stock to stockholders of record as of the close of business on February 10, 2016 (the Record Date"). Except in certain circumstances set forth in the Rights Plan, each Right entitles the holder to purchase from the Company one one-thousandth of a share of Series A Junior Participating Preferred Stock, $0.01 par value, of the Company (“Preferred Stock”) at a price of $68.64, subject to adjustment. The NOL Rights Plan was ratified by the Company's stockholders on June 15, 2016, at the Company's annual meeting of stockholders.

The Rights initially trade together with the common stock and are not exercisable. Subject to certain exceptions specified in the Rights Plan, the Rights will separate from the common stock and become exercisable following the earlier to of (i) the tenth calendar day after a public announcement or filing that a person or group has become an “Acquiring Person,” which is defined as a person who has acquired, or obtained the right to acquire, beneficial ownership of 4.99% or more of the common stock then outstanding, subject to certain exceptions, or (ii) the tenth calendar day (or such later date as may be determined by the Board of Directors) after any person or group commences a tender or exchange offer, the consummation of which would result in a person or group becoming an Acquiring Person. If a person or group becomes an Acquiring Person, each Right will entitle its holders (other than such Acquiring Person) to purchase one share at a price of $68.64, subject to adjustment. At any time after a person becomes an Acquiring Person, the Board of Directors may exchange all or part of the outstanding Rights (other than those held by an Acquiring Person) for shares of common stock at an exchange rate of one share of common stock for each Right. The Company will promptly give public notice of any exchange (although failure to give notice will not affect the validity of the exchange).

The Rights will expire upon certain events described in the Rights Plan, including the time at which the Rights are redeemed in accordance with the Agreement, the time at which the Rights are exchanged in accordance with the Agreement, or the time at which the Board Directors determines that the NOLs are fully utilized or no longer available under Section 382 of the Code. However, in no event will the Rights Plan expire later than the close of business on January 26, 2019. Until the close of business on the tenth calendar day after the day a public announcement or a filing is made indicating that a person or group has become an Acquiring Person, the Company may in its sole and absolute discretion amend the Rights or the Rights Plan without the approval of any holders of the Rights or shares of common stock in any manner, including without limitation, amendments that increase or decrease the purchase price or redemption price or accelerate or extend the final expiration date or the period in which the Rights may be redeemed. The Company may also amend the Rights Plan after the close of business on the tenth calendar day after the day such public announcement or filing is made to cure ambiguities, to correct defective or inconsistent provisions, to shorten or lengthen time periods under the Rights Plan or in any other manner that does not adversely affect the interests of holders of the Rights. No amendment of the Rights Plan may extend its expiration date.
XML 34 R22.htm IDEA: XBRL DOCUMENT v3.5.0.2
Discontinued Operations
 9 Months Ended
Sep. 30, 2016
Discontinued Operations and Disposal Groups [Abstract]  
Discontinued Operations
Discontinued Operations

On December 3, 2015, the Company completed the sale of all of its shares of Tecnonet. On February 19, 2016, the Company received a payment of €4.3 million (approximately $4.8 million) representing the post-closing purchase price adjustment pursuant to the Purchase Agreement. The Company included the $4.8 million receivable representing the post-closing purchase price adjustment on its consolidated balance sheet within other current assets as of December 31, 2015. Prior to its disposition, Tecnonet was the last remaining business unit in our Network Integration segment. The historical financial results of Tecnonet, prior to its sale, have been reclassified as discontinued operations for all periods presented. The Company reported net income of $0.7 million and $1.8 million from discontinued operations, net of income tax expense, for the three and nine months ended September 30, 2015, respectively, related to Tecnonet.
XML 35 R23.htm IDEA: XBRL DOCUMENT v3.5.0.2
Subsequent Events
 9 Months Ended
Sep. 30, 2016
Subsequent Events [Abstract]  
Subsequent Events
Subsequent Events

On November 2, 2016, the Company's Board of Directors approved the termination of the Company's stock repurchase program.
XML 36 R24.htm IDEA: XBRL DOCUMENT v3.5.0.2
Organization and Summary of significant accounting policies (Policies)
 9 Months Ended
Sep. 30, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Basis of Presentation
Basis of Presentation

The accompanying condensed consolidated financial statements include the accounts of MRV and its wholly-owned subsidiaries. All significant intercompany transactions and accounts have been eliminated.

The condensed consolidated unaudited financial statements included herein have been prepared by MRV pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). The year-end condensed consolidated balance sheet was derived from audited financial statements, but does not include all disclosures required by generally accepted in the United States of America ("GAAP"). Certain information and footnote disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such rules and regulations. The information included in this Quarterly Report on Form 10-Q for the quarter ended September 30, 2016, (this “Form 10-Q”) should be read in conjunction with the Financial Statements and Notes thereto included in the Company's Annual Report on Form 10-K for the year ended December 31, 2015, (the “2015 Form 10-K”) filed with the SEC.

In the opinion of MRV's management, the unaudited interim financial information contained herein includes all normal recurring adjustments, necessary to present fairly the financial position of MRV as of September 30, 2016, and the results of its operations and comprehensive loss, and cash flows for the three and nine months ended September 30, 2016 and 2015. The results reported in these condensed consolidated financial statements should not be regarded as necessarily indicative of results that may be expected for the full year or any future periods.
Recently Issued Accounting Standards
Recently Issued Accounting Standards

We consider the applicability and impact of all Accounting Standards Updates (“ASUs”). The ASUs not listed below were assessed and determined by management to be either not applicable or are expected to have minimal impact on our consolidated financial position and/or results of operations.

In May 2014, the Financial Accounting Standards Board (the "FASB") issued ASU No. 2014-09, "Revenue from Contracts with Customers (Topic 606)," ("ASU 2014-09"). ASU 2014-09 outlines a new, single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and supersedes current revenue recognition guidance, including industry-specific guidance. This new revenue recognition model provides a five-step analysis in determining when and how revenue is recognized. The new model will require revenue recognition to depict the transfer of promised goods or services to customers in an amount that reflects the consideration a company expects to receive in exchange for those goods or services. The amendments may be applied retrospectively to each prior period presented or retrospectively with the cumulative effect recognized as of the date of initial application. ASU 2014-09 was originally effective for interim and annual reporting periods beginning after December 15, 2016. In August 2015, the FASB issued ASU 2015-14, Revenue from Contracts with Customers (Topic 606) – Deferral of the Effective Date, which defers the effective date to annual reporting periods beginning after December 15, 2017. Early application is permitted after December 15, 2016. Management is currently evaluating the potential impact that adopting ASU 2014-09 will have on its condensed consolidated financial statements and footnote disclosures. Management anticipates concluding its evaluation by March 31, 2017 and plans to adopt ASU 2014-09 on January 1, 2018.

In August 2014, the FASB issued ASU No. 2014-15, "Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern" ("ASU 2014-15"). ASU 2014-15 provides guidance on management’s responsibility in evaluating whether there is substantial doubt about an entity’s ability to continue as a going concern and to provide related footnote disclosures. ASU 2014-15 will become effective for the Company for fiscal years beginning after December 15, 2016, including interim periods within those fiscal years. Early adoption is permitted. Management is currently evaluating the potential impact that adopting ASU 2014-15 will have on its condensed consolidated financial statements and footnote disclosures.

In July 2015, the FASB issued ASU No. 2015-11, "Simplifying the Measurement of Inventory" (“ASU 2015-11”). ASU 2015-11 simplifies the guidance on the subsequent measurement of inventory, excluding inventory measured using the last-in, first out (LIFO), or the retail inventory method. Under the new standard, inventory should be at the lower of cost and net realizable value. ASU 2015-11 will become effective for the Company for fiscal years beginning after December 15, 2016, including interim periods within those fiscal years. Early adoption is permitted. Management is currently evaluating the potential impact that adopting ASU 2015-11 will have on its condensed consolidated financial statements and footnote disclosures.

In November 2015, the FASB issued ASU No. 2015-17, "Balance Sheet Classification of Deferred Taxes" ("ASU 2015-17"). The amendments in ASU 2015-17 simplify the presentation of deferred income taxes by requiring that deferred tax assets and liabilities be classified as non-current. ASU 2015-17 will become effective for the Company for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. Early adoption is permitted. Management is currently evaluating the potential impact that adopting ASU 2015-17 will have on its condensed consolidated financial statements and footnote disclosures.

In February 2016, the FASB issued ASU No. 2016-02, "Leases" ("ASU 2016-02"). The amendments in ASU 2016-02 require companies that lease assets to recognize on their balance sheets the assets and liabilities for the rights and obligations generated by contracts longer than a year. ASU 2016-02 will become effective for the Company for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. The guidance is required to be applied using the modified retrospective transition approach. Early adoption is permitted. Management is currently evaluating the potential impact that adopting ASU 2016-02 will have on its condensed consolidated financial statements and footnote disclosures.

In March 2016, the FASB issued ASU No. 2016-08, “Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations” (“ASU 2016-08”). The amendments in ASU 2016-08 clarify the implementation guidance on principal versus agent considerations. ASU 2016-08 will become effective for the Company for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. Management is currently evaluating the potential impact that adopting ASU 2016-08 will have on its condensed consolidated financial statements and footnote disclosures.

In March 2016, the FASB issued ASU No. 2016-09, "Stock Compensation (Topic 718): Improvements to employee Share-Based Payment Accounting" ("ASU 2016-09"). The amendments in ASU 2016-09 simplify the accounting for share-based payment award transactions including: income tax consequences, classification of awards as either equity or liabilities and classification on the statement of cash flows. ASU 2016-09 will become effective for fiscal years beginning after December 15, 2016, including interim periods within those fiscal years. Early adoption is permitted. Management is currently evaluating the potential impact that adopting ASU 2016-09 will have on its condensed consolidated financial statements and footnote disclosures and plans to adopt ASU 2016-09 on January 1, 2017.

In April 2016, the FASB issued ASU No. 2016-10, “Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing” (“ASU 2016-10”). The amendments in ASU 2016-10 provide more detailed guidance in the following key areas: identifying performance obligations and licenses of intellectual property. ASU 2016-10 will become effective for the Company for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. Management is currently evaluating the potential impact that adopting ASU 2016-10 will have on its condensed consolidated financial statements and footnote disclosures.

In May 2016, the FASB issued ASU No. 2016-12, “Revenue from Contracts with Customers (Topic 660): Narrow-Scope Improvements and Practical Expedients” (“ASU 2016-12”). The amendments in ASU 2016-12 clarify certain narrow aspects of Topic 660 such as assessing the collectability criterion, presentation of sales taxes and other similar taxes collected from customers, non-cash consideration, contract modifications at transition, completed contracts at transition, and technical correction. ASU 2016-12 will become effective for the Company for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. Management is currently evaluating the potential impact that adopting ASU 2016-12 will have on its condensed consolidated financial statements and footnote disclosures.

In August 2016, the FASB issued ASU No. 2016-15, “Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments” (“ASU 2016-15”). The amendments in ASU 2016-15 reduce the diversity in practice in how certain cash receipts and cash payments are presented and classified in the statement of cash flows. ASU 2016-15 will become effective for the Company for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. Early adoption is permitted. Management is currently evaluating the potential impact that adopting ASU 2016-15 will have on its condensed consolidated financial statements and footnote disclosures.

Allowance for Doubtful Accounts Policy
Financial instruments that potentially subject the Company to concentrations of credit risk primarily consist of cash and cash equivalents placed with high credit quality financial institutions and accounts receivable due from customers.

Management evaluates the collectability of accounts receivable based on a combination of factors. If management becomes aware of a customer's inability to meet its financial obligations after a sale has occurred, the Company records an allowance to reduce the net receivable to the amount that management reasonably believes to be collectable from the customer. If the financial conditions of MRV's customers were to deteriorate or if economic conditions worsen, additional allowances may be required in the future. Accounts receivable are charged off at the point they are considered uncollectible.
XML 37 R25.htm IDEA: XBRL DOCUMENT v3.5.0.2
Fair Value Measurement (Tables)
 9 Months Ended
Sep. 30, 2016
Fair Value Disclosures [Abstract]  
Cash equivalents included in the balance sheet
Cash equivalents included in the condensed consolidated balance sheets are as follows (in thousands):
 
 
Cost
 
Fair Value
September 30, 2016
 
$
—

 
$
—

December 31, 2015
 
$
1,807

 
$
1,807
XML 38 R26.htm IDEA: XBRL DOCUMENT v3.5.0.2
Credit Risk (Tables)
 9 Months Ended
Sep. 30, 2016
Receivables [Abstract]  
Schedule of changes in the allowance for doubtful accounts
The following table summarizes the changes in the allowance for doubtful accounts during the nine months ended September 30, 2016 (in thousands):
Balance at beginning of period
 
$
1,060

(Reversed) to expense
 
(25
)
Write-offs, net of amounts recovered
 
(100
)
Foreign currency translation adjustment
 
10

Balance at end of period
 
$
945
XML 39 R27.htm IDEA: XBRL DOCUMENT v3.5.0.2
Inventories (Tables)
 9 Months Ended
Sep. 30, 2016
Inventory Disclosure [Abstract]  
Schedule of inventories, net of reserves
Inventories, net of reserves, consisted of the following at September 30, 2016 and December 31, 2015 (in thousands):
 
 
September 30, 2016
 
December 31, 2015
Raw materials
 
$
2,928

 
$
3,132

Work-in process
 
911

 
839

Finished goods
 
6,346

 
6,255

Total
 
$
10,185

 
$
10,226
XML 40 R28.htm IDEA: XBRL DOCUMENT v3.5.0.2
Intangible Assets (Tables)
 9 Months Ended
Sep. 30, 2016
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of estimated future amortization expense
The following table illustrates the estimated future amortization expense of intangible assets as of September 30, 2016 (in thousands):
Fiscal Year Ending December 31,
 
Estimated Amortization Expense
2016 - remainder of the year
 
$
82

2017
 
295

2018
 
234

2019
 
234

2020
 
136

Thereafter
 
86

Total
 
$
1,067
XML 41 R29.htm IDEA: XBRL DOCUMENT v3.5.0.2
Product Warranty (Tables)
 9 Months Ended
Sep. 30, 2016
Product Warranties Disclosures [Abstract]  
Schedule of activity related to the product warranty liability
The following table summarizes the activity related to the product warranty liability during the nine months ended September 30, 2016 (in thousands):
Balance at beginning of the period
 
$
593

Cost of warranty claims
 
(73
)
Accruals for product warranties
 
29

Balance at end of the period
 
$
549
XML 42 R30.htm IDEA: XBRL DOCUMENT v3.5.0.2
Net Income (Loss) Per Share (Tables)
 9 Months Ended
Sep. 30, 2016
Earnings Per Share [Abstract]  
Schedule of computation of net loss per common share - basic and diluted
The following table sets forth the computation of net income (loss) per common share – basic and diluted (in thousands, except per share amounts):
 
 
Three months ended
 
Nine months ended
 
 
September 30
 
September 30
 
 
2016
 
2015
 
2016
 
2015
Numerator:
 
 
 
 
 
 
 
 
Net income (loss)
 
$
(3,113
)
 
$
886

 
$
(9,032
)
 
$
(463
)
Denominator
 
 
 
 
 
 
 
 
Basic weighted average common shares outstanding
 
6,868

 
6,978

 
6,912

 
7,032

Effect of dilutive securities
 
—

 
36

 
—

 
—

Diluted weighted average common shares outstanding
 
6,868

 
7,014

 
6,912

 
7,032

 
 
 
 
 
 
 
 
 
Net income (loss) per common share
 
 
 
 
 
 
 
 
Basic
 
$
(0.45
)
 
$
0.13

 
$
(1.31
)
 
$
(0.07
)
Diluted
 
$
(0.45
)
 
$
0.13

 
$
(1.31
)
 
$
(0.07
)
XML 43 R31.htm IDEA: XBRL DOCUMENT v3.5.0.2
Share-Based Compensation (Tables)
 9 Months Ended
Sep. 30, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of impact on results of operations of recording share-based compensation
The following table summarizes the impact on MRV's results of operations of recording share-based compensation for the three and nine months ended September 30, 2016 and 2015 (in thousands):
 
 
Three months ended
 
Nine months ended
 
 
September 30,
 
September 30,
 
 
2016
 
2015
 
2016
 
2015
Cost of goods sold
 
$
39

 
$
35

 
$
109

 
$
90

Product development and engineering
 
24

 
68

 
163

 
161

Selling, general and administrative
 
346

 
213

 
834

 
507

Total share-based compensation expense (1)
 
$
409

 
$
316

 
$
1,106

 
$
758


(1)
Income tax benefits realized from stock option exercises and similar awards were immaterial in all periods.
Schedule of valuation assumptions
MRV uses the Black-Scholes option pricing model to estimate the fair value of stock option awards or related modifications. The Black-Scholes model requires the use of subjective and complex assumptions, including the option's expected life and the underlying stock price volatility. MRV bases volatility on the Company's historical quoted prices and peer company data.
Nine months ended September 30,
2016
2015
Risk-free interest rate
1.4
%
1.7
%
Dividend yield (1)
—

—

Volatility
46
%
43
%
Expected life (in years)
5.9

6.0


(1)
As the Company does not pay a dividend on a regular basis, and dividends paid in the past have been special in nature, a dividend rate of zero was used.
XML 44 R32.htm IDEA: XBRL DOCUMENT v3.5.0.2
Geographic Information (Tables)
 9 Months Ended
Sep. 30, 2016
Segment Reporting [Abstract]  
Schedule of revenue and long-lived assets by geographic region
The following table summarizes external revenue by geographic region for the three months ended September 30, 2016 and 2015 (in thousands):
Three months ended September 30:
 
2016
 
% of revenue
 
2015
 
% of revenue
Revenue:
 
 
 
 
 
 
 
 
United States
 
$
9,207

 
49
%
 
$
10,369

 
45
%
Americas (Excluding U.S.)
 
1,878

 
10
%
 
1,297

 
6
%
Europe
 
3,125

 
16
%
 
5,202

 
23
%
Asia Pacific
 
4,737

 
25
%
 
6,065

 
26
%
Total
 
$
18,947

 
100
%
 
$
22,933

 
100
%
The following table summarizes long-lived assets, consisting of property and equipment, by geographic region (in thousands):
 
 
September 30, 2016
 
December 31, 2015
Americas
 
$
2,331

 
$
2,808

Europe
 
950

 
1,223

Asia Pacific
 
14

 
19

Total
 
$
3,295

 
$
4,050

The following table summarizes external revenue by geographic region for the nine months ended September 30, 2016 and 2015 (in thousands):
Nine months ended September 30:
 
2016
 
% of revenue
 
2015
 
% of revenue
Revenue:
 
 
 
 
 
 
 
 
United States
 
$
30,164

 
51
%
 
$
34,233

 
49
%
Americas (Excluding the U.S.)
 
5,833

 
10
%
 
5,917

 
9
%
Europe
 
10,573

 
18
%
 
14,731

 
21
%
Asia Pacific
 
12,843

 
21
%
 
14,756

 
21
%
Total
 
$
59,413

 
100
%
 
$
69,637

 
100
%
XML 45 R33.htm IDEA: XBRL DOCUMENT v3.5.0.2
Income Taxes (Tables)
 9 Months Ended
Sep. 30, 2016
Income Tax Disclosure [Abstract]  
Details of income taxes
The following table provides details of income taxes for the three and nine months ended September 30, 2016 and 2015 (in thousands, except percentages):
 
 
Three months ended
 
Nine months ended
 
 
September 30,
 
September 30,
 
 
2016
 
2015
 
2016
 
2015
Income (loss) before provision (benefit) for income taxes
 
$
(3,082
)
 
$
109

 
$
(8,904
)
 
$
(2,189
)
Provision (benefit) for income taxes
 
31

 
(39
)
 
128

 
88

Effective tax rate
 
(1
)%
 
(36
)%
 
(1
)%
 
(4
)%
XML 46 R34.htm IDEA: XBRL DOCUMENT v3.5.0.2
Organization and Summary of significant accounting policies (Narrative) (Details)
€ in Millions, $ in Millions
 6 Months Ended 9 Months Ended
Jun. 30, 2015
segment
Sep. 30, 2016
segment
Feb. 19, 2016
EUR (€)
Feb. 19, 2016
USD ($)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]        
Number of business segments 2 1    
Tecnonet [Member]        
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]        
Working capital adjustment     € 4.3 $ 4.8
XML 47 R35.htm IDEA: XBRL DOCUMENT v3.5.0.2
Cash and Cash Equivalents and Restricted Time Deposits (Details) - USD ($)
$ in Thousands
Sep. 30, 2016
Dec. 31, 2015
Sep. 30, 2015
Cash and Cash Equivalents [Line Items]      
Cash and cash equivalents $ 20,922 $ 26,169 $ 14,113
Certificate of deposit 5,277 5,190  
United States [Member]      
Cash and Cash Equivalents [Line Items]      
Cash and cash equivalents 15,800 21,600  
Foreign [Member]      
Cash and Cash Equivalents [Line Items]      
Cash and cash equivalents 5,100 4,600  
Restricted Time Deposits [Member]      
Cash and Cash Equivalents [Line Items]      
Certificate of deposit 5,300 5,200  
Certificates of Deposit [Member]      
Cash and Cash Equivalents [Line Items]      
Certificate of deposit 5,000 5,000  
Restricted Time Deposit [Member]      
Cash and Cash Equivalents [Line Items]      
Certificate of deposit $ 300 $ 200  
XML 48 R36.htm IDEA: XBRL DOCUMENT v3.5.0.2
Fair Value Measurement (Narrative) (Details) - USD ($)
$ in Millions
Sep. 30, 2016
Dec. 31, 2015
Money Market Funds [Member] | Fair Value, Inputs, Level 1 [Member]    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Cash equivalents $ 0.0 $ 1.8
XML 49 R37.htm IDEA: XBRL DOCUMENT v3.5.0.2
Fair Value Measurement (Cash and Cash Equivalents) (Details) - Money Market Funds [Member] - Fair Value, Inputs, Level 1 [Member] - USD ($)
$ in Thousands
Sep. 30, 2016
Dec. 31, 2015
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Cash equivalents $ 0 $ 1,800
Cost [Member]    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Cash equivalents 0 1,807
Fair Value [Member]    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Cash equivalents $ 0 $ 1,807
XML 50 R38.htm IDEA: XBRL DOCUMENT v3.5.0.2
Credit Risk (Changes in the Allowance for Doubtful Accounts) (Details) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Allowance for Doubtful Accounts Receivable [Roll Forward]    
Balance at beginning of period $ 1,060  
(Reversed) to expense (25) $ (9)
Write-offs, net of amounts recovered (100)  
Foreign currency translation adjustment 10  
Balance at end of period $ 945  
XML 51 R39.htm IDEA: XBRL DOCUMENT v3.5.0.2
Inventories (Net of Reserves) (Details) - USD ($)
$ in Thousands
Sep. 30, 2016
Dec. 31, 2015
Inventory Disclosure [Abstract]    
Raw materials $ 2,928 $ 3,132
Work-in process 911 839
Finished goods 6,346 6,255
Total $ 10,185 $ 10,226
XML 52 R40.htm IDEA: XBRL DOCUMENT v3.5.0.2
Intangible Assets (Narrative) (Details) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Dec. 31, 2015
Finite-Lived Intangible Assets [Line Items]      
Intangible assets $ 1,067   $ 1,153
Amortization of intangible assets $ 183 $ 150  
Developed Technology Rights, Placed in Service [Member] | Minimum [Member]      
Finite-Lived Intangible Assets [Line Items]      
Estimated useful life of finite-lived intangible assets 3 years    
Developed Technology Rights, Placed in Service [Member] | Maximum [Member]      
Finite-Lived Intangible Assets [Line Items]      
Estimated useful life of finite-lived intangible assets 5 years    
Developed Technology Rights, Not Placed in Service [Member]      
Finite-Lived Intangible Assets [Line Items]      
Intangible assets $ 500    
XML 53 R41.htm IDEA: XBRL DOCUMENT v3.5.0.2
Intangible Assets (Amortization Expense, Maturity Schedule) (Details)
$ in Thousands
Sep. 30, 2016
USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]  
2016 - remainder of the year $ 82
2017 295
2018 234
2019 234
2020 136
Thereafter 86
Total $ 1,067
XML 54 R42.htm IDEA: XBRL DOCUMENT v3.5.0.2
Product Warranty (Narrative) (Details) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2016
Dec. 31, 2015
Standard Product Warranty Period [Line Items]    
Product warranty liability $ 549 $ 593
Minimum [Member]    
Standard Product Warranty Period [Line Items]    
Standard product warranty period 90 days  
Maximum [Member]    
Standard Product Warranty Period [Line Items]    
Standard product warranty period 3 years  
XML 55 R43.htm IDEA: XBRL DOCUMENT v3.5.0.2
Product Warranty (Change in Product Warranty Liability) (Details)
$ in Thousands
 9 Months Ended
Sep. 30, 2016
USD ($)
Movement in Standard and Extended Product Warranty, Increase (Decrease) [Roll Forward]  
Balance at beginning of the period $ 593
Cost of warranty claims (73)
Accruals for product warranties 29
Balance at end of the period $ 549
XML 56 R44.htm IDEA: XBRL DOCUMENT v3.5.0.2
Net Income (Loss) Per Share (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Numerator:        
Net income (loss) $ (3,113) $ 886 $ (9,032) $ (463)
Denominator        
Basic weighted average common shares outstanding (shares) 6,868 6,978 6,912 7,032
Effect of dilutive securities (shares) 0 36 0 0
Diluted weighted average common shares outstanding (shares) 6,868 7,014 6,912 7,032
Net income (loss) per common share        
Net income (loss) per share — basic (usd per share) $ (0.45) $ 0.13 $ (1.31) $ (0.07)
Net income (loss) per share — diluted (usd per share) $ (0.45) $ 0.13 $ (1.31) $ (0.07)
XML 57 R45.htm IDEA: XBRL DOCUMENT v3.5.0.2
Net Income (Loss) Per Share (Narrative) (Details) - shares
 3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Stock Options [Member]        
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]        
Antidilutive securities excluded from computation of earnings per share (shares) 414,174 290,974 436,037 407,480
XML 58 R46.htm IDEA: XBRL DOCUMENT v3.5.0.2
Share-Based Compensation (Share-Based Compensation Expense) (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]        
Total share-based compensation expense $ 409 $ 316 $ 1,106 $ 758
Cost of Goods Sold [Member]        
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]        
Total share-based compensation expense 39 35 109 90
Product Development and Engineering [Member]        
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]        
Total share-based compensation expense 24 68 163 161
Selling, General and Administrative [Member]        
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]        
Total share-based compensation expense $ 346 $ 213 $ 834 $ 507
XML 59 R47.htm IDEA: XBRL DOCUMENT v3.5.0.2
Share-Based Compensation (Narrative) (Details) - USD ($)
$ / shares in Units, $ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Total compensation cost not yet recognized $ 2.4   $ 2.4  
Stock Options [Member]        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Stock options, grants during period (shares) 0 31,000 240,039 228,848
Options granted, weighted average exercise price (usd per share)   $ 5.28 $ 4.86 $ 4.31
Total compensation cost not yet recognized, period for recognition     2 years  
Restricted Stock [Member]        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Restricted stock, grants during period (shares) 0 11,000 88,869 82,872
Restricted stock granted, weighted average grant date fair value (usd per share)   $ 12.12 $ 10.95 $ 9.96
XML 60 R48.htm IDEA: XBRL DOCUMENT v3.5.0.2
Share-Based Compensation (Valuation Assumptions) (Details) - Stock Options [Member]
 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]    
Risk-free interest rate 1.40% 1.70%
Dividend yield 0.00% 0.00%
Volatility 46.00% 43.00%
Expected life (in years) 5 years 10 months 24 days 6 years
XML 61 R49.htm IDEA: XBRL DOCUMENT v3.5.0.2
Geographic Information (Narrative) (Details) - segment
 3 Months Ended 6 Months Ended 9 Months Ended
Jun. 30, 2016
Dec. 31, 2015
Sep. 30, 2016
Sep. 30, 2015
Jun. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Segment Reporting Information [Line Items]              
Number of business segments         2 1  
Revenue [Member]              
Segment Reporting Information [Line Items]              
Concentration percentage     100.00% 100.00%   100.00% 100.00%
Major Customer, One [Member] | Revenue [Member]              
Segment Reporting Information [Line Items]              
Concentration percentage     21.00% 25.00%   16.00% 19.00%
Major Customer, One [Member] | Accounts Receivable [Member]              
Segment Reporting Information [Line Items]              
Concentration percentage 17.00% 15.00%          
Major Customer, Two [Member] | Revenue [Member]              
Segment Reporting Information [Line Items]              
Concentration percentage     11.00% 13.00%   13.00% 13.00%
Major Customer, Two [Member] | Accounts Receivable [Member]              
Segment Reporting Information [Line Items]              
Concentration percentage 14.00% 5.00%          
Australia [Member] | Revenue [Member]              
Segment Reporting Information [Line Items]              
Concentration percentage     22.00% 25.00%   20.00% 19.00%
XML 62 R50.htm IDEA: XBRL DOCUMENT v3.5.0.2
Geographic Information (External Revenue and Long-Lived Assets by Geographic Region) (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Dec. 31, 2015
Revenues from External Customers and Long-Lived Assets [Line Items]          
Revenue $ 18,947 $ 22,933 $ 59,413 $ 69,637  
Long-Lived Assets 3,295   3,295   $ 4,050
Americas [Member]          
Revenues from External Customers and Long-Lived Assets [Line Items]          
Long-Lived Assets 2,331   2,331   2,808
United States [Member]          
Revenues from External Customers and Long-Lived Assets [Line Items]          
Revenue 9,207 10,369 30,164 34,233  
Americas (Excluding the U.S.) [Member]          
Revenues from External Customers and Long-Lived Assets [Line Items]          
Revenue 1,878 1,297 5,833 5,917  
Europe [Member]          
Revenues from External Customers and Long-Lived Assets [Line Items]          
Revenue 3,125 5,202 10,573 14,731  
Long-Lived Assets 950   950   1,223
Asia Pacific [Member]          
Revenues from External Customers and Long-Lived Assets [Line Items]          
Revenue 4,737 $ 6,065 12,843 $ 14,756  
Long-Lived Assets $ 14   $ 14   $ 19
Revenue [Member]          
Revenues from External Customers and Long-Lived Assets [Line Items]          
Concentration percentage 100.00% 100.00% 100.00% 100.00%  
Revenue [Member] | United States [Member]          
Revenues from External Customers and Long-Lived Assets [Line Items]          
Concentration percentage 49.00% 45.00% 51.00% 49.00%  
Revenue [Member] | Americas (Excluding the U.S.) [Member]          
Revenues from External Customers and Long-Lived Assets [Line Items]          
Concentration percentage 10.00% 6.00% 10.00% 9.00%  
Revenue [Member] | Europe [Member]          
Revenues from External Customers and Long-Lived Assets [Line Items]          
Concentration percentage 16.00% 23.00% 18.00% 21.00%  
Revenue [Member] | Asia Pacific [Member]          
Revenues from External Customers and Long-Lived Assets [Line Items]          
Concentration percentage 25.00% 26.00% 21.00% 21.00%  
XML 63 R51.htm IDEA: XBRL DOCUMENT v3.5.0.2
Indemnification Obligations (Narrative) (Details) - Indemnification Agreement [Member] - USD ($)
 9 Months Ended
Sep. 30, 2016
Dec. 31, 2015
Loss Contingencies [Line Items]    
Loss contingency accrued $ 0 $ 0
Source Photonics [Member]    
Loss Contingencies [Line Items]    
Days in excess of statute of limitations 90 days  
Indemnification obligation deductible $ 1,000,000  
Maximum [Member] | Source Photonics [Member]    
Loss Contingencies [Line Items]    
Indemnification obligation maximum possible loss $ 20,000,000  
XML 64 R52.htm IDEA: XBRL DOCUMENT v3.5.0.2
Commitments and Contingencies (Details) - USD ($)
 9 Months Ended
Sep. 30, 2016
Dec. 31, 2015
Commitments and Contingencies Disclosure [Abstract]    
Purchase commitment period 150 days  
Minimum future commitments $ 13,600,000 $ 11,900,000
Recorded unconditional purchase obligation $ 400,000 $ 200,000.000000000
XML 65 R53.htm IDEA: XBRL DOCUMENT v3.5.0.2
Share Repurchase (Narrative) (Details) - USD ($)
 7 Months Ended 8 Months Ended 9 Months Ended
Sep. 30, 2016
Nov. 01, 2016
Sep. 30, 2016
Sep. 30, 2015
Mar. 15, 2016
Equity, Class of Treasury Stock [Line Items]          
Stock repurchase program, authorized amount         $ 10,000,000.0
Treasury stock, shares acquired (shares) 232,284        
Purchase of treasury shares $ 2,400,000   $ 2,375,000 $ 4,944,000  
Stock repurchase program, remaining authorized repurchase amount $ 7,600,000   $ 7,600,000    
Subsequent Event          
Equity, Class of Treasury Stock [Line Items]          
Treasury stock, shares acquired (shares)   264,058      
Purchase of treasury shares   $ 2,700,000      
Stock repurchase program, remaining authorized repurchase amount   $ 7,300,000      
XML 66 R54.htm IDEA: XBRL DOCUMENT v3.5.0.2
Income Taxes (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Income Tax Disclosure [Abstract]        
Income (loss) before provision (benefit) for income taxes $ (3,082) $ 109 $ (8,904) $ (2,189)
Provision (benefit) for income taxes $ 31 $ (39) $ 128 $ 88
Effective tax rate (1.00%) (36.00%) (1.00%) (4.00%)
XML 67 R55.htm IDEA: XBRL DOCUMENT v3.5.0.2
Income Taxes (Narrative) (Details) - USD ($)
$ / shares in Units, $ in Millions
 9 Months Ended
Sep. 30, 2016
Jan. 26, 2016
Dec. 31, 2015
Conversion of Stock [Line Items]      
Federal net operating loss     $ 169.3
State net operating loss     102.2
Foreign net operating loss     $ 98.5
Ownership change, percent of equity ownership 50.00%    
Ownership change, duration 3 years    
Preferred stock, par value (usd per share) $ 0.01   $ 0.01
Preferred Stock [Member]      
Conversion of Stock [Line Items]      
Number of securities called by each share   0.0001  
Series A Junior Participating Preferred Stock [Member]      
Conversion of Stock [Line Items]      
Preferred stock, par value (usd per share)   $ 0.01  
Ownership percentage to become an acquiring person   4.99%  
Exercise price (usd per share)   $ 68.64  
Common Stock [Member]      
Conversion of Stock [Line Items]      
Number of securities called by each share   1  
XML 68 R56.htm IDEA: XBRL DOCUMENT v3.5.0.2
Discontinued Operations (Details) - Tecnonet [Member]
€ in Millions, $ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2015
USD ($)
Sep. 30, 2015
USD ($)
Feb. 19, 2016
EUR (€)
Feb. 19, 2016
USD ($)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]        
Working capital adjustment     € 4.3 $ 4.8
Other Current Assets [Member]        
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]        
Receivables       $ 4.8
Disposed of by Sale        
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]        
Gain on sale $ 0.7 $ 1.8    
EXCEL 69 Financial_Report.xlsx IDEA: XBRL DOCUMENT begin 644 Financial_Report.xlsx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how.js IDEA: XBRL DOCUMENT /** * Rivet Software Inc. * * @copyright Copyright (c) 2006-2011 Rivet Software, Inc. All rights reserved. * Version 2.4.0.3 * */ var Show = {}; Show.LastAR = null, Show.hideAR = function(){ Show.LastAR.style.display = 'none'; }; Show.showAR = function ( link, id, win ){ if( Show.LastAR ){ Show.hideAR(); } var ref = link; do { ref = ref.nextSibling; } while (ref && ref.nodeName != 'TABLE'); if (!ref || ref.nodeName != 'TABLE') { var tmp = win ? win.document.getElementById(id) : document.getElementById(id); if( tmp ){ ref = tmp.cloneNode(true); ref.id = ''; link.parentNode.appendChild(ref); } } if( ref ){ ref.style.display = 'block'; Show.LastAR = ref; } }; Show.toggleNext = function( link ){ var ref = link; do{ ref = ref.nextSibling; }while( ref.nodeName != 'DIV' ); if( ref.style && ref.style.display && ref.style.display == 'none' ){ ref.style.display = 'block'; if( link.textContent ){ link.textContent = link.textContent.replace( '+', '-' ); }else{ link.innerText = link.innerText.replace( '+', '-' ); } }else{ ref.style.display = 'none'; if( link.textContent ){ link.textContent = link.textContent.replace( '-', '+' ); }else{ link.innerText = link.innerText.replace( '-', '+' ); } } }; XML 71 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 73 FilingSummary.xml IDEA: XBRL DOCUMENT 3.5.0.2 html 129 195 1 false 37 0 false 6 false false R1.htm 0001000 - Document - Document and Entity Information Sheet http://www.mrv.com/role/DocumentAndEntityInformation Document and Entity Information Cover 1 false false R2.htm 1001000 - Statement - Condensed Consolidated Statements of Operations (unaudited) Sheet http://www.mrv.com/role/CondensedConsolidatedStatementsOfOperationsUnaudited Condensed Consolidated Statements of Operations (unaudited) Statements 2 false false R3.htm 1001501 - Statement - Condensed Consolidated Statements of Operations (unaudited) (Parenthetical) Sheet http://www.mrv.com/role/CondensedConsolidatedStatementsOfOperationsUnauditedParenthetical Condensed Consolidated Statements of Operations (unaudited) (Parenthetical) Statements 3 false false R4.htm 1002000 - Statement - Condensed Consolidated Statements of Comprehensive Income (Loss) (unaudited) Sheet http://www.mrv.com/role/CondensedConsolidatedStatementsOfComprehensiveIncomeLossUnaudited Condensed Consolidated Statements of Comprehensive Income (Loss) (unaudited) Statements 4 false false R5.htm 1003000 - Statement - Condensed Consolidated Balance Sheets (unaudited) Sheet http://www.mrv.com/role/CondensedConsolidatedBalanceSheetsUnaudited Condensed Consolidated Balance Sheets (unaudited) Statements 5 false false R6.htm 1003501 - Statement - Condensed Consolidated Balance Sheets (unaudited) (Parenthetical) Sheet http://www.mrv.com/role/CondensedConsolidatedBalanceSheetsUnauditedParenthetical Condensed Consolidated Balance Sheets (unaudited) (Parenthetical) Statements 6 false false R7.htm 1004000 - Statement - Condensed Consolidated Statements of Cash Flows (unaudited) Sheet http://www.mrv.com/role/CondensedConsolidatedStatementsOfCashFlowsUnaudited Condensed Consolidated Statements of Cash Flows (unaudited) Statements 7 false false R8.htm 2101100 - Disclosure - Organization and Summary of significant accounting policies Sheet http://www.mrv.com/role/OrganizationAndSummaryOfSignificantAccountingPolicies Organization and Summary of significant accounting policies Notes 8 false false R9.htm 2102100 - Disclosure - Cash and Cash Equivalents and Restricted Time Deposits Sheet http://www.mrv.com/role/CashAndCashEquivalentsAndRestrictedTimeDeposits Cash and Cash Equivalents and Restricted Time Deposits Notes 9 false false R10.htm 2103100 - Disclosure - Fair Value Measurement Sheet http://www.mrv.com/role/FairValueMeasurement Fair Value Measurement Notes 10 false false R11.htm 2104100 - Disclosure - Credit Risk Sheet http://www.mrv.com/role/CreditRisk Credit Risk Notes 11 false false R12.htm 2105100 - Disclosure - Inventories Sheet http://www.mrv.com/role/Inventories Inventories Notes 12 false false R13.htm 2106100 - Disclosure - Intangible Assets Sheet http://www.mrv.com/role/IntangibleAssets Intangible Assets Notes 13 false false R14.htm 2107100 - Disclosure - Product Warranty Sheet http://www.mrv.com/role/ProductWarranty Product Warranty Notes 14 false false R15.htm 2108100 - Disclosure - Net Income (Loss) Per Share Sheet http://www.mrv.com/role/NetIncomeLossPerShare Net Income (Loss) Per Share Notes 15 false false R16.htm 2109100 - Disclosure - Share-Based Compensation Sheet http://www.mrv.com/role/ShareBasedCompensation Share-Based Compensation Notes 16 false false R17.htm 2110100 - Disclosure - Geographic Information Sheet http://www.mrv.com/role/GeographicInformation Geographic Information Notes 17 false false R18.htm 2111100 - Disclosure - Indemnification Obligations Sheet http://www.mrv.com/role/IndemnificationObligations Indemnification Obligations Notes 18 false false R19.htm 2112100 - Disclosure - Commitments and Contingencies Sheet http://www.mrv.com/role/CommitmentsAndContingencies Commitments and Contingencies Notes 19 false false R20.htm 2115100 - Disclosure - Share Repurchase Sheet http://www.mrv.com/role/ShareRepurchase Share Repurchase Notes 20 false false R21.htm 2116100 - Disclosure - Income Taxes Sheet http://www.mrv.com/role/IncomeTaxes Income Taxes Notes 21 false false R22.htm 2118100 - Disclosure - Discontinued Operations Sheet http://www.mrv.com/role/DiscontinuedOperations Discontinued Operations Notes 22 false false R23.htm 2119100 - Disclosure - Subsequent Events Sheet http://www.mrv.com/role/SubsequentEvents Subsequent Events Notes 23 false false R24.htm 2201201 - Disclosure - Organization and Summary of significant accounting policies (Policies) Sheet http://www.mrv.com/role/OrganizationAndSummaryOfSignificantAccountingPoliciesPolicies Organization and Summary of significant accounting policies (Policies) Policies 24 false false R25.htm 2303301 - Disclosure - Fair Value Measurement (Tables) Sheet http://www.mrv.com/role/FairValueMeasurementTables Fair Value Measurement (Tables) Tables http://www.mrv.com/role/FairValueMeasurement 25 false false R26.htm 2304301 - Disclosure - Credit Risk (Tables) Sheet http://www.mrv.com/role/CreditRiskTables Credit Risk (Tables) Tables http://www.mrv.com/role/CreditRisk 26 false false R27.htm 2305301 - Disclosure - Inventories (Tables) Sheet http://www.mrv.com/role/InventoriesTables Inventories (Tables) Tables http://www.mrv.com/role/Inventories 27 false false R28.htm 2306301 - Disclosure - Intangible Assets (Tables) Sheet http://www.mrv.com/role/IntangibleAssetsTables Intangible Assets (Tables) Tables http://www.mrv.com/role/IntangibleAssets 28 false false R29.htm 2307301 - Disclosure - Product Warranty (Tables) Sheet http://www.mrv.com/role/ProductWarrantyTables Product Warranty (Tables) Tables http://www.mrv.com/role/ProductWarranty 29 false false R30.htm 2308301 - Disclosure - Net Income (Loss) Per Share (Tables) Sheet http://www.mrv.com/role/NetIncomeLossPerShareTables Net Income (Loss) Per Share (Tables) Tables http://www.mrv.com/role/NetIncomeLossPerShare 30 false false R31.htm 2309301 - Disclosure - Share-Based Compensation (Tables) Sheet http://www.mrv.com/role/ShareBasedCompensationTables Share-Based Compensation (Tables) Tables http://www.mrv.com/role/ShareBasedCompensation 31 false false R32.htm 2310301 - Disclosure - Geographic Information (Tables) Sheet http://www.mrv.com/role/GeographicInformationTables Geographic Information (Tables) Tables http://www.mrv.com/role/GeographicInformation 32 false false R33.htm 2316301 - Disclosure - Income Taxes (Tables) Sheet http://www.mrv.com/role/IncomeTaxesTables Income Taxes (Tables) Tables http://www.mrv.com/role/IncomeTaxes 33 false false R34.htm 2401402 - Disclosure - Organization and Summary of significant accounting policies (Narrative) (Details) Sheet http://www.mrv.com/role/OrganizationAndSummaryOfSignificantAccountingPoliciesNarrativeDetails Organization and Summary of significant accounting policies (Narrative) (Details) Details http://www.mrv.com/role/OrganizationAndSummaryOfSignificantAccountingPoliciesPolicies 34 false false R35.htm 2402401 - Disclosure - Cash and Cash Equivalents and Restricted Time Deposits (Details) Sheet http://www.mrv.com/role/CashAndCashEquivalentsAndRestrictedTimeDepositsDetails Cash and Cash Equivalents and Restricted Time Deposits (Details) Details http://www.mrv.com/role/CashAndCashEquivalentsAndRestrictedTimeDeposits 35 false false R36.htm 2403402 - Disclosure - Fair Value Measurement (Narrative) (Details) Sheet http://www.mrv.com/role/FairValueMeasurementNarrativeDetails Fair Value Measurement (Narrative) (Details) Details http://www.mrv.com/role/FairValueMeasurementTables 36 false false R37.htm 2403403 - Disclosure - Fair Value Measurement (Cash and Cash Equivalents) (Details) Sheet http://www.mrv.com/role/FairValueMeasurementCashAndCashEquivalentsDetails Fair Value Measurement (Cash and Cash Equivalents) (Details) Details http://www.mrv.com/role/FairValueMeasurementTables 37 false false R38.htm 2404402 - Disclosure - Credit Risk (Changes in the Allowance for Doubtful Accounts) (Details) Sheet http://www.mrv.com/role/CreditRiskChangesInAllowanceForDoubtfulAccountsDetails Credit Risk (Changes in the Allowance for Doubtful Accounts) (Details) Details http://www.mrv.com/role/CreditRiskTables 38 false false R39.htm 2405402 - Disclosure - Inventories (Net of Reserves) (Details) Sheet http://www.mrv.com/role/InventoriesNetOfReservesDetails Inventories (Net of Reserves) (Details) Details http://www.mrv.com/role/InventoriesTables 39 false false R40.htm 2406402 - Disclosure - Intangible Assets (Narrative) (Details) Sheet http://www.mrv.com/role/IntangibleAssetsNarrativeDetails Intangible Assets (Narrative) (Details) Details http://www.mrv.com/role/IntangibleAssetsTables 40 false false R41.htm 2406403 - Disclosure - Intangible Assets (Amortization Expense, Maturity Schedule) (Details) Sheet http://www.mrv.com/role/IntangibleAssetsAmortizationExpenseMaturityScheduleDetails Intangible Assets (Amortization Expense, Maturity Schedule) (Details) Details http://www.mrv.com/role/IntangibleAssetsTables 41 false false R42.htm 2407402 - Disclosure - Product Warranty (Narrative) (Details) Sheet http://www.mrv.com/role/ProductWarrantyNarrativeDetails Product Warranty (Narrative) (Details) Details http://www.mrv.com/role/ProductWarrantyTables 42 false false R43.htm 2407403 - Disclosure - Product Warranty (Change in Product Warranty Liability) (Details) Sheet http://www.mrv.com/role/ProductWarrantyChangeInProductWarrantyLiabilityDetails Product Warranty (Change in Product Warranty Liability) (Details) Details http://www.mrv.com/role/ProductWarrantyTables 43 false false R44.htm 2408402 - Disclosure - Net Income (Loss) Per Share (Details) Sheet http://www.mrv.com/role/NetIncomeLossPerShareDetails Net Income (Loss) Per Share (Details) Details http://www.mrv.com/role/NetIncomeLossPerShareTables 44 false false R45.htm 2408403 - Disclosure - Net Income (Loss) Per Share (Narrative) (Details) Sheet http://www.mrv.com/role/NetIncomeLossPerShareNarrativeDetails Net Income (Loss) Per Share (Narrative) (Details) Details http://www.mrv.com/role/NetIncomeLossPerShareTables 45 false false R46.htm 2409402 - Disclosure - Share-Based Compensation (Share-Based Compensation Expense) (Details) Sheet http://www.mrv.com/role/ShareBasedCompensationShareBasedCompensationExpenseDetails Share-Based Compensation (Share-Based Compensation Expense) (Details) Details http://www.mrv.com/role/ShareBasedCompensationTables 46 false false R47.htm 2409403 - Disclosure - Share-Based Compensation (Narrative) (Details) Sheet http://www.mrv.com/role/ShareBasedCompensationNarrativeDetails Share-Based Compensation (Narrative) (Details) Details http://www.mrv.com/role/ShareBasedCompensationTables 47 false false R48.htm 2409404 - Disclosure - Share-Based Compensation (Valuation Assumptions) (Details) Sheet http://www.mrv.com/role/ShareBasedCompensationValuationAssumptionsDetails Share-Based Compensation (Valuation Assumptions) (Details) Details http://www.mrv.com/role/ShareBasedCompensationTables 48 false false R49.htm 2410402 - Disclosure - Geographic Information (Narrative) (Details) Sheet http://www.mrv.com/role/GeographicInformationNarrativeDetails Geographic Information (Narrative) (Details) Details http://www.mrv.com/role/GeographicInformationTables 49 false false R50.htm 2410403 - Disclosure - Geographic Information (External Revenue and Long-Lived Assets by Geographic Region) (Details) Sheet http://www.mrv.com/role/GeographicInformationExternalRevenueAndLongLivedAssetsByGeographicRegionDetails Geographic Information (External Revenue and Long-Lived Assets by Geographic Region) (Details) Details http://www.mrv.com/role/GeographicInformationTables 50 false false R51.htm 2411401 - Disclosure - Indemnification Obligations (Narrative) (Details) Sheet http://www.mrv.com/role/IndemnificationObligationsNarrativeDetails Indemnification Obligations (Narrative) (Details) Details http://www.mrv.com/role/IndemnificationObligations 51 false false R52.htm 2412401 - Disclosure - Commitments and Contingencies (Details) Sheet http://www.mrv.com/role/CommitmentsAndContingenciesDetails Commitments and Contingencies (Details) Details http://www.mrv.com/role/CommitmentsAndContingencies 52 false false R53.htm 2415401 - Disclosure - Share Repurchase (Narrative) (Details) Sheet http://www.mrv.com/role/ShareRepurchaseNarrativeDetails Share Repurchase (Narrative) (Details) Details http://www.mrv.com/role/ShareRepurchase 53 false false R54.htm 2416402 - Disclosure - Income Taxes (Details) Sheet http://www.mrv.com/role/IncomeTaxesDetails Income Taxes (Details) Details http://www.mrv.com/role/IncomeTaxesTables 54 false false R55.htm 2416403 - Disclosure - Income Taxes (Narrative) (Details) Sheet http://www.mrv.com/role/IncomeTaxesNarrativeDetails Income Taxes (Narrative) (Details) Details http://www.mrv.com/role/IncomeTaxesTables 55 false false R56.htm 2418401 - Disclosure - Discontinued Operations (Details) Sheet http://www.mrv.com/role/DiscontinuedOperationsDetails Discontinued Operations (Details) Details http://www.mrv.com/role/DiscontinuedOperations 56 false false All Reports Book All Reports mrvc-20160930.xml mrvc-20160930.xsd mrvc-20160930_cal.xml mrvc-20160930_def.xml mrvc-20160930_lab.xml mrvc-20160930_pre.xml true true ZIP 75 0000887969-16-000154-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0000887969-16-000154-xbrl.zip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end