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CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
CURRENT ASSETS:    
Cash and cash equivalents $ 133,566 $ 131,627
Short-term investments 510,455 514,461
Accounts receivable 68,498 60,452
Inventory 84,523 63,953
Other current assets 33,117 21,946
Total current assets 830,159 792,439
PROPERTY AND EQUIPMENT, net of accumulated depreciation of $64,559 and $57,276 92,003 87,872
ACQUIRED TECHNOLOGY, net of accumulated amortization of $142,758 and $132,468 80,509 90,774
OTHER INTANGIBLE ASSETS, net of accumulated amortization of $5,458 and $4,768 11,382 12,072
GOODWILL 15,535 15,535
INVESTMENTS 5,000 5,000
DEFERRED INCOME TAXES 30,075 30,375
OTHER ASSETS 96,394 86,090
TOTAL ASSETS 1,161,057 1,120,157
CURRENT LIABILITIES:    
Accounts payable 10,244 13,296
Accrued expenses 31,083 49,022
Deferred revenue 120,150 97,333
Other current liabilities 1,218 1,857
Total current liabilities 162,695 161,508
DEFERRED REVENUE 51,317 47,529
RETIREMENT PLAN BENEFIT LIABILITY 52,305 51,117
OTHER LIABILITIES 54,970 48,554
Total liabilities 321,287 308,708
COMMITMENTS AND CONTINGENCIES (Note 15)
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, 200,000,000 shares authorized, 48,992,532 and 48,852,193 shares issued, and 47,626,884 and 47,486,545 shares outstanding, at June 30, 2020 and December 31, 2019, respectively 490 489
Additional paid-in capital 621,585 620,236
Retained earnings 273,758 249,003
Accumulated other comprehensive loss (14,781) (16,997)
Treasury stock, at cost (1,365,648 shares at June 30, 2020 and December 31, 2019) (41,284) (41,284)
Total shareholders’ equity 839,770 811,449
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 1,161,057 $ 1,120,157