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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2015
Dec. 31, 2014
CURRENT ASSETS:    
Cash and cash equivalents $ 109,251 $ 45,418
Short-term investments 246,986 243,088
Accounts receivable 17,378 22,075
Inventory 16,969 37,109
Deferred income taxes 14,863 18,459
Other current assets 4,773 4,356
Total current assets 410,220 370,505
PROPERTY AND EQUIPMENT, net of accumulated depreciation of $26,250 and $24,813 20,905 19,922
ACQUIRED TECHNOLOGY, net of accumulated amortization of $49,338 and $43,838 77,514 83,014
INVESTMENTS 3,888 3,047
DEFERRED INCOME TAXES 12,299 12,934
OTHER ASSETS 345 425
TOTAL ASSETS 525,171 489,847
CURRENT LIABILITIES:    
Accounts payable 6,656 9,260
Accrued expenses 16,424 14,986
Deferred revenue 22,020 2,466
Other current liabilities 53 111
Total current liabilities 45,153 26,823
DEFERRED REVENUE 27,331 3,366
RETIREMENT PLAN BENEFIT LIABILITY 11,750 10,916
Total liabilities 84,234 $ 41,105
COMMITMENTS AND CONTINGENCIES (Note 13)    
SHAREHOLDERS' EQUITY:    
Preferred Stock, par value $0.01 per share, 5,000,000 shares authorized, 200,000 shares of Series A Nonconvertible Preferred Stock issued and outstanding (liquidation value of $7.50 per share or $1,500) 2 $ 2
Common Stock, par value $0.01 per share, 100,000,000 shares authorized, 47,457,719 and 47,061,826 shares issued and outstanding at June 30, 2015 and December 31, 2014, respectively 475 471
Additional paid-in capital 583,338 581,114
Accumulated deficit (98,762) (88,305)
Accumulated other comprehensive loss (3,958) (4,382)
Treasury stock, at cost (1,357,863 shares at June 30, 2015 and December 31, 2014) (40,158) (40,158)
Total shareholders’ equity 440,937 448,742
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 525,171 $ 489,847