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BASIS OF PRESENTATION, LIQUIDITY (Tables) | 12 Months Ended
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Dec. 31, 2016
BASIS OF PRESENTATION, LIQUIDITY |
Schedule of impact of the changes to our Consolidated Financial Statement line items |
|  | December 31, 2015 |
|  | Previously Reported |  | Adjustment |  | Restated |
|  | In thousands |
ASSETS |  |  |  |  |  |  |
Current assets: |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 77,050 |  | — |  | $ | 77,050 |
Accounts receivable, net of allowances for doubtful accounts of $4,564 |  | 17,936 |  | — |  | 17,936 |
Inventories |  | 17,470 |  | — |  | 17,470 |
Deferred costs |  | 25,499 |  | — |  | 25,499 |
Prepaids and other current assets |  | 11,388 |  | — |  | 11,388 |
Short-term restricted cash |  | 12,264 |  | — |  | 12,264 |
Total current assets |  | 161,607 |  | — |  | 161,607 |
Property, plant and equipment, net |  | 1,510 |  | — |  | 1,510 |
Long-term investments |  | 26,022 |  | (6,501 | ) | 19,521 |
Long-term deferred costs |  | 332 |  | — |  | 332 |
Long-term deferred tax assets |  | 11,193 |  | — |  | 11,193 |
Other long-term assets |  | 4,216 |  | — |  | 4,216 |
Total assets |  | 204,880 |  | (6,501 | ) | 198,379 |
LIABILITIES AND EQUITY |  |  |  |  |  |  |
Current liabilities: |  |  |  |  |  |  |
Accounts payable |  | 16,400 |  | — |  | 16,400 |
Income taxes payable |  | 9,906 |  | — |  | 9,906 |
Customer advances |  | 30,976 |  | — |  | 30,976 |
Deferred revenue |  | 16,965 |  | — |  | 16,965 |
Deferred tax liabilities |  | 9,779 |  | — |  | 9,779 |
Other current liabilities |  | 13,763 |  | — |  | 13,763 |
Total current liabilities |  | 97,789 |  | — |  | 97,789 |
Long-term deferred revenue |  | 8,554 |  | — |  | 8,554 |
Other long-term liabilities |  | 8,259 |  | — |  | 8,259 |
Total liabilities |  | 114,602 |  | — |  | 114,602 |
Commitments and contingencies (Note 12) |  |  |  |  |  |  |
UTStarcom Holdings Corp. shareholders’ equity: |  |  |  |  |  |  |
Ordinary shares: $0.00375 par value; 250,000 authorized shares; 38,465 shares issued at December 31, 2015, respectively; 36,735 shares outstanding at December 31, 2015 |  | 122 |  | — |  | 122 |
Additional paid-in capital |  | 1,259,767 |  | — |  | 1,259,767 |
Treasury stock, at cost: 1,730 shares at December 31, 2015 |  | (4,138 | ) | — |  | (4,138 | )
Accumulated deficit |  | (1,226,943 | ) | (6,501 | ) | (1,233,444 | )
Accumulated other comprehensive income |  | 61,470 |  | — |  | 61,470 |
Total UTStarcom Holdings Corp. shareholders’ equity |  | 90,278 |  | (6,501 | ) | 83,777 |
Total liabilities and equity |  | $ | 204,880 |  | $ | (6,501 | ) | $ | 198,379 |
|  | Years ended December 31, 2015 |
|  | Previously Reported |  | Adjustment |  | Restated |
|  | (In thousands, except per shares amounts) |
Net sales |  |  |  |  |  |  |
Products |  | $ | 87,361 |  | — |  | $ | 87,361 |
Services |  | 29,742 |  | — |  | 29,742 |
|  | 117,103 |  | — |  | 117,103 |
Cost of net sales |  |  |  |  |  |  |
Products |  | 65,891 |  | — |  | 65,891 |
Services |  | 23,344 |  | — |  | 23,344 |
Gross profit |  | 27,868 |  | — |  | 27,868 |
Operating expenses: |  |  |  |  |  |  |
Selling, general and administrative |  | 21,515 |  | — |  | 21,515 |
Research and development |  | 11,342 |  | — |  | 11,342 |
Total operating expenses |  | 32,857 |  | — |  | 32,857 |
Operating loss |  | (4,989 | ) | — |  | (4,989 | )
Interest income |  | 557 |  | — |  | 557 |
Interest expense |  | (76 | ) | — |  | (76 | )
Other income, net |  | 3,489 |  | — |  | 3,489 |
Equity pick up of loss of associates |  | (13,954 | ) | — |  | (13,954 | )
Investment Impairment |  | (9,846 | ) | (6,501 | ) | (16,347 | )
Loss before income taxes |  | (24,819 | ) | (6,501 | ) | (31,320 | )
Income tax benefit |  | 4,162 |  | — |  | 4,162 |
Net loss |  | (20,657 | ) | (6,501 | ) | (27,158 | )
Net loss attributable to non-controlling interests |  | — |  | — |  | — |
Net loss attributable to UTStarcom Holdings Corp. |  | $ | (20,657 | ) | $ | (6,501 | ) | $ | (27,158 | )
Net loss per share attributable to UTStarcom Holdings Corp.—Basic and Diluted |  | $ | (0.56 | ) | $ | (0.18 | ) | $ | (0.74 | )
Weighted average shares outstanding—Basic and Diluted |  | 37,003 |  | 37,003 |  | 37,003 |
|  | Years ended December 31, 2015 |
|  | Previously Reported |  | Adjustment |  | Restated |
|  | (In thousands) |
CASH FLOWS FROM OPERATING ACTIVITIES: |  |  |  |  |  |  |
Net loss |  | $ | (20,657 | ) | $ | (6,501 | ) | $ | (27,158 | )
Adjustments to reconcile net income (loss) to net cash used in operating activities: |  |  |  |  |  |  |
Depreciation |  | 2,202 |  | — |  | 2,202 |
Net loss on disposal of assets |  | 180 |  | — |  | 180 |
Reversal of tax payable |  | (7,747 | ) | — |  | (7,747 | )
Equity pick up of losses of an associate |  | 13,954 |  | — |  | 13,954 |
Investment Impairment |  | 9,846 |  | 6,501 |  | 16,347 |
Gain on sale of short- term investment |  | (1,529 | ) | — |  | (1,529 | )
Stock‑based compensation expense |  | 1,546 |  | — |  | 1,546 |
Provision for doubtful accounts |  | 79 |  | — |  | 79 |
Deferred income taxes |  | 1,030 |  | — |  | 1,030 |
Assets impairment |  | (538 | ) | — |  | (538 | )
Changes in operating assets and liabilities |  |  |  |  |  |  |
Accounts receivable |  | (1,491 | ) | — |  | (1,491 | )
Inventories and deferred costs |  | 35,973 |  | — |  | 35,973 |
Other assets |  | 1,558 |  | — |  | 1,558 |
Accounts payable |  | (12,233 | ) | — |  | (12,233 | )
Income taxes payable |  | 3,369 |  | — |  | 3,369 |
Customer advances |  | (17,352 | ) | — |  | (17,352 | )
Deferred revenue |  | (18,610 | ) | — |  | (18,610 | )
Other liabilities |  | (1,216 | ) | — |  | (1,216 | )
Net cash used in operating activities |  | (11,636 | ) | — |  | (11,636 | )
CASH FLOWS FROM INVESTING ACTIVITIES: |  |  |  |  |  |  |
Additions to property, plant and equipment |  | (917 | ) | — |  | (917 | )
Change in restricted cash |  | 707 |  | — |  | 707 |
Purchase of investment interests |  | (1,670 | ) | — |  | (1,670 | )
Proceeds from refund of investment interests |  | 16,228 |  | — |  | 16,228 |
Proceeds from sale of short-term investments |  | 3,076 |  | — |  | 3,076 |
Net cash provided by investing activities |  | 17,424 |  | — |  | 17,424 |
CASH FLOWS FROM FINANCING ACTIVITIES: |  |  |  |  |  |  |
Issuance of ordinary shares |  | 39 |  | — |  | 39 |
Repurchase of ordinary shares |  | (3,695 | ) | — |  | (3,695 | )
Net cash used in financing activities |  | (3,656 | ) | — |  | (3,656 | )
Effect of exchange rate changes on cash and cash equivalents |  | (2,906 | ) | — |  | (2,906 | )
Net decrease in cash and cash equivalents |  | (774 | ) | — |  | (774 | )
Cash and cash equivalents at beginning of year |  | 77,824 |  | — |  | 77,824 |
Cash and cash equivalents at end of year |  | $ | 77,050 |  | — |  | $ | 77,050 |

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