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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2015
Dec. 31, 2014
CURRENT ASSETS:    
Cash and cash equivalents $ 89,956 $ 45,418
Short-term investments 271,593 243,088
Accounts receivable 28,350 22,075
Inventory 13,688 37,109
Deferred income taxes 15,785 18,459
Other current assets 4,523 4,356
Total current assets 423,895 370,505
PROPERTY AND EQUIPMENT, net of accumulated depreciation of $27,036 and $24,813 21,490 19,922
ACQUIRED TECHNOLOGY, net of accumulated amortization of $52,087 and $43,838 74,765 83,014
INVESTMENTS 3,024 3,047
DEFERRED INCOME TAXES 10,917 12,934
OTHER ASSETS 232 425
TOTAL ASSETS 534,323 489,847
CURRENT LIABILITIES:    
Accounts payable 10,334 9,260
Accrued expenses 12,979 14,986
Deferred revenue 20,830 2,466
Other current liabilities 104 111
Total current liabilities 44,247 26,823
DEFERRED REVENUE 26,382 3,366
RETIREMENT PLAN BENEFIT LIABILITY 12,235 10,916
Total liabilities $ 82,864 $ 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, 47,494,938 and 47,061,826 shares issued and outstanding at September 30, 2015 and December 31, 2014, respectively 475 471
Additional paid-in capital 586,533 581,114
Accumulated deficit (91,715) (88,305)
Accumulated other comprehensive loss (3,678) (4,382)
Treasury stock, at cost (1,357,863 shares at September 30, 2015 and December 31, 2014) (40,158) (40,158)
Total shareholders’ equity 451,459 448,742
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 534,323 $ 489,847