XML 80 R7.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Basis of Presentation | 9 Months Ended
--- | ---
Sep. 30, 2013
Accounting Policies [Abstract] |
Basis of Presentation |
1) | Basis of Presentation
The terms “MKS” and the “Company” refer to MKS Instruments, Inc. and its subsidiaries. The interim financial data as of September 30, 2013 and for the three and nine months ended September 30, 2013 and 2012 are unaudited; however, in the opinion of MKS, the interim data includes all adjustments, consisting only of normal recurring adjustments, necessary for a fair statement of the results for the interim periods. The consolidated balance sheet presented as of December 31, 2012 has been derived from the audited consolidated financial statements as of that date. The unaudited consolidated financial statements presented herein have been prepared in accordance with the instructions to Form 10-Q and do not include all of the information and note disclosures required by United States generally accepted accounting principles (“U.S. GAAP”). The consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in the MKS Annual Report on Form 10-K for the year ended December 31, 2012 filed with the Securities and Exchange Commission on February 26, 2013. The preparation of these consolidated financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. On an on-going basis, management evaluates its estimates and judgments, including those related to revenue recognition, stock-based compensation, inventory, intangible assets, goodwill and other long-lived assets, acquisition expenses, income taxes and investments. Management bases its estimates and judgments on historical experience and on various other factors that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates under different assumptions or conditions. Revision of prior period financial statements During the three months ended September 30, 2013, the Company identified a prior period error which affected the previous balance sheets of all interim periods in 2013 and all interim and annual periods in 2012 and 2011 and certain footnote disclosures for annual periods in 2012, 2011 and 2010. The Company previously reported the amounts of its uncertain tax positions on the balance sheets net instead of gross. The Company considered the guidance in Accounting Standards Codification (“ASC”) Topic 740-10-45, Other Presentation Matters and ASC Topic 210-20, Offsetting with respect to this matter. The error had no impact to the income statement, statements of cash flows or the statements of stockholders’ equity of any previously reported periods. In evaluating whether our previously issued consolidated financial statements were materially misstated, the Company considered the guidance in ASC Topic 250, Accounting Changes and Error Corrections, ASC Topic 250-10-S99-1, Assessing Materiality, and ASC Topic 250-10-S99-2, Considering the Effects of Prior Year Misstatements when Quantifying Misstatements in Current Year Financial Statements. The Company concluded this error was not material to the prior reporting periods, or to the 2013 results, and therefore, amendments of previously filed reports were not required. Accordingly, during the three months ended September 30, 2013, the Company recorded these prior period adjustments to correct this error. The revisions for these corrections to the applicable prior periods are reflected in the financial information herein and will be reflected in future filings containing such financial information. The tables below reflect the revisions in the balance sheet line items for the periods ended December 31, 2012 and 2011.
|  | December 31, 2012 |
|  | As previously reported |  |  | Adjustment |  |  | As revised |
Other assets |  | $ | 11,692 |  |  | $ | 17,720 |  |  | $ | 29,412 |
Other liabilities |  | $ | 43,375 |  |  | $ | 17,720 |  |  | $ | 61,095 |
|  | December 31, 2011 |
|  | As previously reported |  |  | Adjustment |  |  | As revised |
Other assets |  | $ | 12,266 |  |  | $ | 15,281 |  |  | $ | 27,547 |
Other liabilities |  | $ | 32,211 |  |  | $ | 15,281 |  |  | $ | 47,492 |
The tables below reflect the sections in certain footnotes that were affected by the revision for the periods ended December 31, 2012 and 2011. Other Assets
|  | December 31, 2012 |
|  | As previously reported |  |  | Adjustment |  |  | As revised |
Deferred tax assets, net |  | $ | 9,497 |  |  | $ | — |  |  | $ | 9,497 |
Long-term income tax receivable |  |  | — |  |  |  | 17,720 |  |  |  | 17,720 |
Other |  |  | 2,195 |  |  |  | — |  |  |  | 2,195 |
|  | $ | 11,692 |  |  | $ | 17,720 |  |  | $ | 29,412 |
|  | December 31, 2011 |
|  | As previously reported |  |  | Adjustment |  |  | As revised |
Deferred tax assets, net |  | $ | 10,274 |  |  | $ | — |  |  | $ | 10,274 |
Long-term income tax receivable |  |  | — |  |  |  | 15,281 |  |  |  | 15,281 |
Other |  |  | 1,992 |  |  |  | — |  |  |  | 1,992 |
|  | $ | 12,266 |  |  | $ | 15,281 |  |  | $ | 27,547 |
Other Liabilities
|  | December 31, 2012 |
|  | As previously reported |  |  | Adjustment |  |  | As revised |
Long-term income tax payable |  | $ | 20,880 |  |  | $ | 17,720 |  |  | $ | 38,600 |
Accrued compensation |  |  | 18,750 |  |  |  | — |  |  |  | 18,750 |
Other |  |  | 3,745 |  |  |  | — |  |  |  | 3,745 |
|  | $ | 43,375 |  |  | $ | 17,720 |  |  | $ | 61,095 |
|  | December 31, 2011 |
|  | As previously reported |  |  | Adjustment |  |  | As revised |
Long-term income tax payable |  | $ | 16,084 |  |  | $ | 15,281 |  |  | $ | 31,365 |
Accrued compensation |  |  | 15,174 |  |  |  | — |  |  |  | 15,174 |
Other |  |  | 953 |  |  |  | — |  |  |  | 953 |
|  | $ | 32,211 |  |  | $ | 15,281 |  |  | $ | 47,492 |
Income Taxes
|  | December 31, 2012 |
|  | As previously reported |  |  | Adjustment |  |  | As revised |
Current taxes: |  |  |  |  |  |  |  |  |  |  |  |
United States |  | $ | 10,431 |  |  | $ | 4,314 |  |  | $ | 14,745 |
State |  |  | 783 |  |  |  | — |  |  |  | 783 |
Foreign |  |  | 12,074 |  |  |  | (4,314 | ) |  |  | 7,760 |
|  | $ | 23,288 |  |  | $ | — |  |  | $ | 23,288 |
|  | December 31, 2011 |
|  | As previously reported |  |  | Adjustment |  |  | As revised |
Current taxes: |  |  |  |  |  |  |  |  |  |  |  |
United States |  | $ | 25,824 |  |  | $ | 15,032 |  |  | $ | 40,856 |
State |  |  | 2,602 |  |  |  | — |  |  |  | 2,602 |
Foreign |  |  | 20,346 |  |  |  | (15,032 | ) |  |  | 5,314 |
|  | $ | 48,772 |  |  | $ | — |  |  | $ | 48,772 |
|  | December 31, 2010 |
|  | As previously reported |  |  | Adjustment |  |  | As revised |
Current taxes: |  |  |  |  |  |  |  |  |  |  |  |
United States |  | $ | 27,789 |  |  | $ | 8,807 |  |  | $ | 36,596 |
State |  |  | 3,323 |  |  |  | — |  |  |  | 3,323 |
Foreign |  |  | 22,296 |  |  |  | (8,807 | ) |  |  | 13,489 |
|  | $ | 53,408 |  |  | $ | — |  |  | $ | 53,408 |
Segment Note A reconciliation of segment assets to consolidated total assets is as follows:
|  | December 31, 2012 |
|  | As previously reported |  |  | Adjustment |  |  | As revised |
Total segment assets |  | $ | 216,699 |  |  | $ | — |  |  | $ | 216,699 |
Cash and cash equivalents and investments |  |  | 627,399 |  |  |  | — |  |  |  | 627,399 |
Other current assets |  |  | 36,242 |  |  |  | — |  |  |  | 36,242 |
Property, plant and equipment, net |  |  | 80,516 |  |  |  | — |  |  |  | 80,516 |
Goodwill and intangible assets, net |  |  | 162,294 |  |  |  | — |  |  |  | 162,294 |
Other assets |  |  | 11,692 |  |  |  | 17,720 |  |  |  | 29,412 |
Consolidated total assets |  | $ | 1,134,842 |  |  | $ | 17,720 |  |  | $ | 1,152,562 |
|  | December 31, 2011 |
|  | As previously reported |  |  | Adjustment |  |  | As revised |
Total segment assets |  | $ | 274,526 |  |  | $ | — |  |  | $ | 274,526 |
Cash and cash equivalents and investments |  |  | 573,392 |  |  |  | — |  |  |  | 573,392 |
Other current assets |  |  | 44,856 |  |  |  | — |  |  |  | 44,856 |
Property, plant and equipment, net |  |  | 72,487 |  |  |  | — |  |  |  | 72,487 |
Goodwill and intangible assets, net |  |  | 141,127 |  |  |  | — |  |  |  | 141,127 |
Other assets |  |  | 12,266 |  |  |  | 15,281 |  |  |  | 27,547 |
Consolidated total assets |  | $ | 1,118,654 |  |  | $ | 15,281 |  |  | $ | 1,133,935 |

X
- Details
Name: | us-gaap_AccountingPoliciesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for organization, consolidation and basis of presentation of financial statements disclosure. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=28200181&loc=SL6228881-111685 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 720 -SubTopic 15 -URI http://asc.fasb.org/subtopic&trid=2122524 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6359566&loc=d3e326-107755 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6367646&loc=d3e18780-107790 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 10 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=7668296&loc=d3e288-107754 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -URI http://asc.fasb.org/subtopic&trid=2197480 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=18733093&loc=d3e5614-111684 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 915 -SubTopic 235 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6472506&loc=d3e38932-110933 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 852 -SubTopic 10 -URI http://asc.fasb.org/subtopic&trid=2209116 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 272 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6373374&loc=d3e70478-108055 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 275 -SubTopic 10 -URI http://asc.fasb.org/subtopic&trid=2134480 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 10 -URI http://asc.fasb.org/subtopic&trid=2122150 + Details
Name: | us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration