XML 41 R2.htm IDEA: XBRL DOCUMENT v2.4.1.9
Condensed Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Apr. 04, 2015
Jan. 03, 2015
Current assets    
Cash and cash equivalents $ 135,720us-gaap_CashAndCashEquivalentsAtCarryingValue $ 134,453us-gaap_CashAndCashEquivalentsAtCarryingValue
Accounts receivable, net of allowance for doubtful accounts of $1,940 and $1,890 at April 4, 2015 and January 3, 2015, respectively 68,071us-gaap_AccountsReceivableNetCurrent 71,017us-gaap_AccountsReceivableNetCurrent
Royalty Receivable 7,000masi_RoyaltyReceivable 7,200masi_RoyaltyReceivable
Inventories 69,572us-gaap_InventoryNet 69,718us-gaap_InventoryNet
Prepaid income taxes 516us-gaap_PrepaidTaxes 417us-gaap_PrepaidTaxes
Deferred tax assets 18,067us-gaap_DeferredTaxAssetsNetCurrent 18,065us-gaap_DeferredTaxAssetsNetCurrent
Other current assets 23,560us-gaap_OtherAssetsCurrent 21,471us-gaap_OtherAssetsCurrent
Total current assets 315,506us-gaap_AssetsCurrent 315,141us-gaap_AssetsCurrent
Deferred cost of goods sold 66,923masi_DeferredCostOfGoodsSold 67,485masi_DeferredCostOfGoodsSold
Property and equipment, net 108,665us-gaap_PropertyPlantAndEquipmentNet 101,952us-gaap_PropertyPlantAndEquipmentNet
Intangible assets, net 27,355us-gaap_IntangibleAssetsNetExcludingGoodwill 27,771us-gaap_IntangibleAssetsNetExcludingGoodwill
Goodwill 20,226us-gaap_Goodwill 20,979us-gaap_Goodwill
Deferred tax assets 24,153us-gaap_DeferredTaxAssetsNetNoncurrent 24,193us-gaap_DeferredTaxAssetsNetNoncurrent
Other assets 12,392us-gaap_OtherAssetsNoncurrent 7,485us-gaap_OtherAssetsNoncurrent
Total assets 575,220us-gaap_Assets 565,006us-gaap_Assets
Current liabilities    
Accounts payable 27,061us-gaap_AccountsPayableCurrent 38,045us-gaap_AccountsPayableCurrent
Accrued compensation 22,364us-gaap_EmployeeRelatedLiabilitiesCurrent 33,600us-gaap_EmployeeRelatedLiabilitiesCurrent
Accrued liabilities 37,615us-gaap_AccruedLiabilitiesCurrent 24,541us-gaap_AccruedLiabilitiesCurrent
Income taxes payable 6,988us-gaap_AccruedIncomeTaxesCurrent 6,562us-gaap_AccruedIncomeTaxesCurrent
Deferred revenue 23,052us-gaap_DeferredRevenueCurrent 21,067us-gaap_DeferredRevenueCurrent
Long-term Debt and Capital Lease Obligations, Current 84us-gaap_LongTermDebtAndCapitalLeaseObligationsCurrent 79us-gaap_LongTermDebtAndCapitalLeaseObligationsCurrent
Total current liabilities 117,164us-gaap_LiabilitiesCurrent 123,894us-gaap_LiabilitiesCurrent
Deferred revenue 417us-gaap_DeferredRevenueNoncurrent 453us-gaap_DeferredRevenueNoncurrent
Long-term Debt and Capital Lease Obligations 125,108us-gaap_LongTermDebtAndCapitalLeaseObligations 125,145us-gaap_LongTermDebtAndCapitalLeaseObligations
Other liabilities 7,839us-gaap_OtherLiabilitiesNoncurrent 7,773us-gaap_OtherLiabilitiesNoncurrent
Total liabilities 250,528us-gaap_Liabilities 257,265us-gaap_Liabilities
Commitments and contingencies      
Masimo Corporation stockholders’ equity:    
Preferred stock, $0.001 par value; 5,000 shares authorized; 0 shares issued and outstanding at April 4, 2015 and January 3, 2015 0us-gaap_PreferredStockValueOutstanding 0us-gaap_PreferredStockValueOutstanding
Common stock, $0.001 par value; 100,000 shares authorized; 52,617 and 52,594 shares outstanding at April 4, 2015 and January 3, 2015, respectively 53us-gaap_CommonStockValueOutstanding 52us-gaap_CommonStockValueOutstanding
Treasury stock, 8,861 and 8,611 shares at April 4, 2015 and January 3, 2015, respectively (194,139)us-gaap_TreasuryStockValue (185,906)us-gaap_TreasuryStockValue
Additional paid-in capital 296,985us-gaap_AdditionalPaidInCapital 288,686us-gaap_AdditionalPaidInCapital
Accumulated other comprehensive loss (5,035)us-gaap_AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax (2,093)us-gaap_AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
Retained earnings 225,783us-gaap_RetainedEarningsAccumulatedDeficit 205,260us-gaap_RetainedEarningsAccumulatedDeficit
Total Masimo Corporation stockholders’ equity 323,647us-gaap_StockholdersEquity 305,999us-gaap_StockholdersEquity
Noncontrolling interest 1,045us-gaap_MinorityInterest 1,742us-gaap_MinorityInterest
Total equity 324,692us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest 307,741us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
Total liabilities and equity $ 575,220us-gaap_LiabilitiesAndStockholdersEquity $ 565,006us-gaap_LiabilitiesAndStockholdersEquity