XML 93 R38.htm IDEA: XBRL DOCUMENT
v3.20.1

Performance-Based Common Stock Warrants (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2020
Equity [Abstract] |
Purchase Level and Number of Warrants That Will Vest | The table below presents the purchase levels and number of warrants that will vest in each period based upon achieving these purchase levels.
| Incremental Warrants That Will Vest
Aggregate Level of Purchases by Comcast and Affiliates | January 1, 2016 - December 31, 2017 |  | January 1, 2018 - December 31, 2019 |  | January 1, 2020 - December 31, 2021
$260 million | 100,000 |  |  | 100,000 |  |  | 75,000 |
$300 million | 75,000 |  |  | 75,000 |  |  | 75,000 |
$340 million | 75,000 |  |  | 75,000 |  |  | 75,000 |
Maximum Potential Warrants Earned by Comcast | 250,000 |  |  | 250,000 |  |  | 225,000 |
Assumptions Used in Valuation and Weighted Average Fair Value of Warrants | The assumptions we utilized in the Black-Scholes option pricing model and the resulting grant-date fair value of the warrants as of January 1, 2020 were the following:
Fair value | $17.19
Price of Universal Electronics Inc. common stock | $52.21
Risk-free interest rate | 1.62%
Expected volatility | 48.86%
Expected life in years | 3.00
Prior to the adoption of the new guidance on January 1, 2020, we adjusted the estimated weighted average fair value of the warrants each period. The assumptions we utilized in the Black Scholes option pricing model and the resulting weighted average fair value of the warrants for the three months ended March 31, 2019 were the following:
Fair value | $9.00
Price of Universal Electronics Inc. common stock | $37.46
Risk-free interest rate | 2.22%
Expected volatility | 44.45%
Expected life in years | 3.75
Impact to Net Sales in Connection with Warrants and Related Income Tax Benefit | The impact to net sales recorded in connection with the warrants and the related income tax benefit were as follows:
| Three Months Ended March 31,
(In thousands) | 2020 |  | 2019
Reduction to net sales | $ | 184 |  |  | $ | 434 |
Income tax benefit | $ | 46 |  |  | $ | 108 |

X
- Definition Schedule of Fair Value Assumptions [Table Text Block] + References No definition available. + Details
Name: | ueic_ScheduleofFairValueAssumptionsTableTextBlock
Namespace Prefix: | ueic_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule of Impact To Net Sales Due To Warrants [Table Text Block] + References No definition available. + Details
Name: | ueic_ScheduleofImpactToNetSalesDueToWarrantsTableTextBlock
Namespace Prefix: | ueic_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_EquityAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5047-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(i)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 50 -Section S99 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6784392&loc=d3e188667-122775 + Details
Name: | us-gaap_ScheduleOfStockholdersEquityNoteWarrantsOrRightsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration