XML 36 R2.htm IDEA: XBRL DOCUMENT v2.4.1.9
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2015
Dec. 31, 2014
CURRENT ASSETS:    
Cash and cash equivalents $ 85,637us-gaap_CashAndCashEquivalentsAtCarryingValue $ 60,708us-gaap_CashAndCashEquivalentsAtCarryingValue
Short-term marketable securities 87,560us-gaap_ShortTermInvestments 114,575us-gaap_ShortTermInvestments
Accounts receivable, net of allowances of $186 and $191 in 2015 and 2014, respectively (Note 2) 12,631us-gaap_AccountsReceivableNetCurrent 10,186us-gaap_AccountsReceivableNetCurrent
Inventories 65,009us-gaap_InventoryNet 64,025us-gaap_InventoryNet
Deferred tax assets 39us-gaap_DeferredTaxAssetsNetCurrent 39us-gaap_DeferredTaxAssetsNetCurrent
Prepaid expenses and other current assets 11,458us-gaap_PrepaidExpenseAndOtherAssetsCurrent 16,379us-gaap_PrepaidExpenseAndOtherAssetsCurrent
Total current assets 262,334us-gaap_AssetsCurrent 265,912us-gaap_AssetsCurrent
PROPERTY AND EQUIPMENT, net 94,179us-gaap_PropertyPlantAndEquipmentNet 95,823us-gaap_PropertyPlantAndEquipmentNet
INTANGIBLE ASSETS, net 42,758us-gaap_IntangibleAssetsNetExcludingGoodwill 35,524us-gaap_IntangibleAssetsNetExcludingGoodwill
GOODWILL 91,849us-gaap_Goodwill 80,599us-gaap_Goodwill
DEFERRED TAX ASSETS 11,265us-gaap_DeferredTaxAssetsNetNoncurrent 11,562us-gaap_DeferredTaxAssetsNetNoncurrent
OTHER ASSETS 4,789us-gaap_OtherAssetsNoncurrent 4,243us-gaap_OtherAssetsNoncurrent
Total assets 507,174us-gaap_Assets 493,663us-gaap_Assets
CURRENT LIABILITIES:    
Accounts payable 23,907us-gaap_AccountsPayableCurrent 21,980us-gaap_AccountsPayableCurrent
Accrued payroll and related expenses 8,815us-gaap_EmployeeRelatedLiabilitiesCurrent 9,071us-gaap_EmployeeRelatedLiabilitiesCurrent
Taxes payable 2,930us-gaap_TaxesPayableCurrent 2,963us-gaap_TaxesPayableCurrent
Deferred tax liabilities 2,187us-gaap_DeferredTaxLiabilities 2,193us-gaap_DeferredTaxLiabilities
Deferred income on sales to distributors 17,254powi_DeferredRevenueNetofDeferredCosts 15,223powi_DeferredRevenueNetofDeferredCosts
Other accrued liabilities 3,834us-gaap_OtherAccruedLiabilitiesCurrent 3,730us-gaap_OtherAccruedLiabilitiesCurrent
Total current liabilities 58,927us-gaap_LiabilitiesCurrent 55,160us-gaap_LiabilitiesCurrent
LONG-TERM INCOME TAXES PAYABLE 746us-gaap_AccruedIncomeTaxesNoncurrent 743us-gaap_AccruedIncomeTaxesNoncurrent
DEFERRED TAX LIABILITIES 4,059us-gaap_DeferredTaxLiabilitiesNoncurrent 4,272us-gaap_DeferredTaxLiabilitiesNoncurrent
OTHER LIABILITIES 2,960us-gaap_OtherLiabilities 2,812us-gaap_OtherLiabilities
Total liabilities 66,692us-gaap_Liabilities 62,987us-gaap_Liabilities
COMMITMENTS AND CONTINGENCIES      
STOCKHOLDERS’ EQUITY:    
Common stock 29us-gaap_CommonStockValue 29us-gaap_CommonStockValue
Additional paid-in capital 178,816us-gaap_AdditionalPaidInCapitalCommonStock 171,938us-gaap_AdditionalPaidInCapitalCommonStock
Accumulated other comprehensive loss (1,031)us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax (1,136)us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax
Retained earnings 262,668us-gaap_RetainedEarningsAccumulatedDeficit 259,845us-gaap_RetainedEarningsAccumulatedDeficit
Total stockholders’ equity 440,482us-gaap_StockholdersEquity 430,676us-gaap_StockholdersEquity
Total liabilities and stockholders’ equity $ 507,174us-gaap_LiabilitiesAndStockholdersEquity $ 493,663us-gaap_LiabilitiesAndStockholdersEquity