XML 48 R33.htm IDEA: XBRL DOCUMENT v3.6.0.2
Summary of Significant Accounting Policies and Critical Accounting Estimates (Tables)
12 Months Ended
Dec. 31, 2016
Accounting Policies [Abstract]  
Schedule of Exchange Rates of Key Currencies
The exchange rates of key currencies were as follows:
 
 
Closing rate at December 31,
 
Annual average rate
(US$ equivalent for one)
 
2016
 
2015
 
2016
 
2015
 
2014
Euro (EUR)
 
1.0541

1.0887
 
1.1068
 
1.1100
 
1.3287
Pound Sterling (GBP)
 
1.2312

1.4833
 
1.3560
 
1.5286
 
1.6474
Swiss Franc (CHF)
 
0.9816

1.0048
 
1.0153
 
1.0406
 
1.0938
Australian Dollar (AUD)
 
0.7222

0.7308
 
0.7439
 
0.7522
 
0.9025
Canadian Dollar (CAD)
 
0.7430

0.7202
 
0.7552
 
0.7836
 
0.9059
Japanese Yen (JPY)
 
0.0085

0.0083
 
0.0092
 
0.0083
 
0.0095
Chinese Yuan (CNY)
 
0.1440

0.1542
 
0.1506
 
0.1592
 
0.1623
Changes in the Carrying Amount of Warranty Obligations
The changes in the carrying amount of warranty obligations are as follows:
(in thousands)
Total
BALANCE AT DECEMBER 31, 2014
$
3,279

Provision charged to cost of sales
2,202

Usage
(2,569
)
Adjustments to previously provided warranties, net
(91
)
Currency translation
(184
)
BALANCE AT DECEMBER 31, 2015
$
2,637

Provision charged to cost of sales
3,562

Usage
(2,936
)
Adjustments to previously provided warranties, net
(424
)
Currency translation
(60
)
BALANCE AT DECEMBER 31, 2016
$
2,779

Schedule of Cash and Cash Equivalents
(in thousands)
 
2016
 
2015
Cash at bank and on hand
 
$
137,615

 
$
217,644

Short-term bank deposits
 
301,565

 
72,367

Cash and Cash Equivalents
 
$
439,180

 
$
290,011

Inventories
Inventories consisted of the following as of December 31, 2016 and 2015:
(in thousands)
2016
 
2015
Raw materials
$
29,402

 
$
27,051

Work in process
28,123

 
21,066

Finished goods
79,027

 
88,469

Total inventories, net
$
136,552

 
$
136,586