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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 106,169 $ 107,356
Short-term investments 42,942 42,994
Accounts receivable, net 61,364 69,918
Inventories, net 51,886 45,571
Deferred income tax assets, net 7,565 7,792
Prepaid expenses and other current assets 16,304 18,527
Total current assets 286,230 292,158
Property and equipment:    
Machinery and equipment 57,063 54,124
Furniture and fixtures 6,099 5,945
Leasehold improvements 18,778 18,471
Property and equipment at cost 81,940 78,540
Less: accumulated depreciation and amortization (50,262) (42,594)
Property and equipment, net 31,678 35,946
Goodwill 46,744 26,371
Intangible assets, net 22,279 15,985
Service and sales demonstration inventory, net 29,136 33,709
Deferred income tax assets, net 6,742 4,050
Other long-term assets 905 967
Total assets 423,714 409,186
Current liabilities:    
Accounts payable 11,126 11,345
Accrued liabilities 24,572 22,574
Income taxes payable 618 0
Current portion of unearned service revenues 27,422 26,114
Customer deposits 2,872 2,998
Total current liabilities 66,610 63,031
Unearned service revenues - less current portion 13,813 15,025
Deferred income tax liabilities 1,409 686
Other long-term liabilities 2,225 2,800
Total liabilities 84,057 81,542
Commitments and contingencies
Shareholders’ equity:    
Preferred stock - par value $0.01, 10,000,000 shares authorized; none issued 0 0
Common stock - par value $.001, 50,000,000 shares authorized; 18,170,267 and 18,077,594 issued; 16,680,791 and 16,588,118 outstanding, respectively 18 18
Additional paid-in capital 212,602 206,996
Retained earnings 183,436 172,329
Accumulated other comprehensive loss (24,561) (19,861)
Common stock in treasury, at cost - 1,489,476 shares (31,838) (31,838)
Total shareholders’ equity 339,657 327,644
Total liabilities and shareholders’ equity $ 423,714 $ 409,186