Universal Electronics (UEIC) 10-Q 10 May 16 2016 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2016	May. 05, 2016
Document and Entity Information [Abstract]
Entity Registrant Name	UNIVERSAL ELECTRONICS INC
Entity Central Index Key	101,984
Document Type	10-Q
Document Period End Date	Mar. 31, 2016
Amendment Flag	false
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q1
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		14,432,424

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Current assets:
Cash and cash equivalents	$ 56,077	$ 52,966
Restricted cash	4,623	4,623
Accounts receivable, net	110,992	121,801
Inventories, net	117,692	122,366
Prepaid expenses and other current assets	7,902	6,217
Income tax receivable	38	55
Deferred income taxes	7,210	7,296
Total current assets	304,534	315,324
Property, plant, and equipment, net	93,535	90,015
Goodwill	43,184	43,116
Intangible assets, net	31,935	32,926
Deferred income taxes	10,513	8,474
Other assets	5,335	5,365
Total assets	489,036	495,220
Current liabilities:
Accounts payable	79,800	93,843
Line of credit	57,987	50,000
Accrued compensation	32,804	37,452
Accrued sales discounts, rebates and royalties	6,558	7,618
Accrued income taxes	2,401	4,745
Other accrued expenses	20,497	21,466
Total current liabilities	200,047	215,124
Long-term liabilities:
Deferred income taxes	9,415	7,891
Income tax payable	629	629
Other long-term liabilities	1,891	1,917
Long-term contingent consideration	10,504	11,751
Total liabilities	$ 222,486	$ 237,312
Commitments and contingencies
Stockholders' equity:
Preferred stock, $0.01 par value, 5,000,000 shares authorized; none issued or outstanding	$ 0	$ 0
Common stock, $0.01 par value, 50,000,000 shares authorized; 23,286,653 and 23,176,277 shares issued on March 31, 2016 and December 31, 2015, respectively	233	232
Paid-in capital	234,523	228,269
Treasury stock, at cost, 8,857,702 and 8,824,768 shares on March 31, 2016 and December 31, 2015, respectively	(212,057)	(210,333)
Accumulated other comprehensive income (loss)	(14,431)	(15,799)
Retained earnings	257,961	255,240
Universal Electronics Inc. stockholders' equity	266,229	257,609
Noncontrolling interest	321	299
Total stockholders' equity	266,550	257,908
Total liabilities and stockholders' equity	$ 489,036	$ 495,220

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Mar. 31, 2016	Dec. 31, 2015
Statement of Financial Position [Abstract]
Preferred stock, par value (in usd per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value (in usd per share)	$ 0.01	$ 0.01
Common stock, shares authorized	50,000,000	50,000,000
Common stock, shares issued	23,286,653	23,176,277
Treasury stock, shares	8,857,702	8,824,768

CONSOLIDATED INCOME STATEMENTS

CONSOLIDATED INCOME STATEMENTS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Income Statement [Abstract]
Net sales	$ 150,658	$ 132,705
Cost of sales	113,011	95,296
Gross profit	37,647	37,409
Research and development expenses	5,186	4,434
Selling, general and administrative expenses	29,420	26,872
Operating income	3,041	6,103
Interest income (expense), net	(267)	110
Other income (expense), net	720	230
Income before provision for income taxes	3,494	6,443
Provision for income taxes	751	1,254
Net income	2,743	5,189
Net income (loss) attributable to noncontrolling interest	22	0
Net income attributable to Universal Electronics Inc.	$ 2,721	$ 5,189
Earnings per share attributable to Universal Electronics Inc.:
Basic (in dollars per share)	$ 0.19	$ 0.33
Diluted (in dollars per share)	$ 0.19	$ 0.32
Shares used in computing earnings per share:
Basic (in shares)	14,373	15,907
Diluted (in shares)	14,637	16,243

CONSOLIDATED COMPREHENSIVE INCO

CONSOLIDATED COMPREHENSIVE INCOME STATEMENTS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Statement of Comprehensive Income [Abstract]
Net income	$ 2,743	$ 5,189
Other comprehensive income (loss):
Change in foreign currency translation adjustment	1,368	(4,258)
Total comprehensive income (loss)	4,111	931
Comprehensive income (loss) attributable to noncontrolling interest	22	0
Comprehensive income (loss) attributable to Universal Electronics Inc.	$ 4,089	$ 931

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Cash provided by (used for) operating activities:
Net income	$ 2,743	$ 5,189
Adjustments to reconcile net income to net cash provided by (used for) operating activities:
Depreciation and amortization	5,929	4,667
Provision for doubtful accounts	(40)	2
Provision for inventory write-downs	756	906
Deferred income taxes	(407)	(806)
Tax benefit from exercise of stock options and vested restricted stock	616	567
Excess tax benefit from stock-based compensation	(668)	(587)
Shares issued for employee benefit plan	345	391
Employee and director stock-based compensation	2,493	1,959
Performance-based warrant stock-based compensation	866	0
Changes in operating assets and liabilities:
Accounts receivable	12,255	342
Inventories	5,095	(5,993)
Prepaid expenses and other assets	(1,604)	755
Accounts payable and accrued expenses	(22,900)	(12,209)
Accrued income taxes	(2,338)	(832)
Net cash provided by (used for) operating activities	3,141	(5,649)
Cash used for investing activities:
Acquisition of property, plant, and equipment	(7,480)	(7,210)
Acquisition of intangible assets	(564)	(681)
Net cash used for investing activities	(8,044)	(7,891)
Cash provided by (used for) financing activities:
Borrowings under line of credit	42,987	0
Repayments on line of credit	(35,000)	0
Proceeds from stock options exercised	1,935	989
Treasury stock purchased	(1,724)	(4,021)
Excess tax benefit from stock-based compensation	668	587
Net cash provided by (used for) financing activities	8,866	(2,445)
Effect of exchange rate changes on cash	(852)	566
Net increase (decrease) in cash and cash equivalents	3,111	(15,419)
Cash and cash equivalents at beginning of year	52,966	112,521
Cash and cash equivalents at end of period	56,077	97,102
Supplemental cash flow information:
Income taxes paid	2,933	2,000
Interest paid	$ 302	$ 0

Basis of Presentation and Signi

Basis of Presentation and Significant Accounting Policies	3 Months Ended
	Mar. 31, 2016
Accounting Policies [Abstract]
Basis of Presentation and Significant Accounting Policies	Basis of Presentation and Significant Accounting Policies In the opinion of management, the accompanying consolidated financial statements of Universal Electronics Inc. and its subsidiaries contain all the adjustments necessary for a fair presentation of financial position, results of operations and cash flows for the periods presented. All such adjustments are of a normal recurring nature. Information and footnote disclosures normally included in financial statements, which are prepared in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP"), have been condensed or omitted pursuant to the rules and regulations of the Securities and Exchange Commission. As used herein, the terms "Company," "we," "us," and "our" refer to Universal Electronics Inc. and its subsidiaries, unless the context indicates to the contrary. Our results of operations for the three months ended March 31, 2016 are not necessarily indicative of the results to be expected for the full year. These financial statements should be read in conjunction with the "Risk Factors," "Management's Discussion and Analysis of Financial Condition and Results of Operations," "Quantitative and Qualitative Disclosures About Market Risk," and the "Financial Statements and Supplementary Data" included in Items 1A, 7, 7A, and 8, respectively, of our Annual Report on Form 10-K for the year ended December 31, 2015 . Estimates, Judgments and Assumptions The preparation of financial statements in conformity with U.S. GAAP requires us to make estimates, judgments and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. On an on-going basis, we evaluate our estimates and assumptions, including those related to revenue recognition, allowances for sales returns and doubtful accounts, inventory valuation, our review for impairment of long-lived assets, intangible assets and goodwill, business combinations, income taxes and stock-based compensation expense. Actual results may differ from these estimates and assumptions, and they may be adjusted as more information becomes available. Any adjustment may be material. See Note 2 to the consolidated financial statements included in our Annual Report on Form 10-K for the year ended December 31, 2015 for a summary of our significant accounting policies. Recent Accounting Pronouncements In May 2014, the FASB issued ASU 2014-09, "Revenue from Contracts with Customers", which will supersede most existing U.S. GAAP revenue recognition guidance. This new standard requires an entity to recognize revenue to depict the transfer of goods or services to customers in an amount that reflects the consideration to which an entity expects to be entitled in exchange for those goods or services. In addition, ASU 2014-09 contains expanded disclosure requirements relating to the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers. ASU 2014-09 is effective for fiscal periods beginning after December 15, 2016 and permits the use of either the full retrospective or cumulative effect transition method. On July 9, 2015, the FASB postponed the effective date of the new revenue standard by one year; however, early adoption is permitted as of the original effective date. We have not yet selected a transition method and are evaluating the impact that this new standard will have on our consolidated financial statements. In April 2015, the FASB issued ASU 2015-05, "Customer's Accounting for Fees Paid in a Cloud Computing Arrangement," which amends Accounting Standards Codification ("ASC") 350, "Intangibles - Goodwill and Other". The amendments provide guidance as to whether a cloud computing arrangement includes a software license, and based on that determination, how to account for such arrangements. ASU 2015-05 is effective for fiscal periods beginning after December 15, 2015 and permits the use of either the prospective or retrospective transition method. The adoption of ASU 2015-05 did not have a material impact on our consolidated financial position or results of operations. In July 2015, the FASB issued ASU 2015-11, "Simplifying the Measurement of Inventory", which states that inventory should be measured at the lower of cost and net realizable value. Net realizable value is defined as estimated selling price in the ordinary course of business, less reasonably predictable costs of completion, disposal and transportation. ASU 2015-11 is effective for fiscal periods beginning after December 15, 2016 and must be applied prospectively. Early adoption is permitted. We are currently evaluating the impact that ASU 2015-11 will have on our consolidated financial statements. In September 2015, the FASB issued ASU 2015-16, "Simplifying the Accounting for Measurement-period Adjustments." This new guidance requires an acquirer in a business combination to recognize adjustments to the provisional amounts that are identified during the measurement period to be reported in the period in which the adjustment amounts are determined. In addition, the effect on earnings of changes in depreciation, amortization and other items as a result of the change to the provisional amounts, calculated as if the accounting had been complete as of the acquisition date, must be recorded in the reporting period in which the adjustment amounts are determined. ASU 2015-16 is effective for fiscal periods beginning after December 15, 2015 and must be applied prospectively. The adoption of ASU 2015-16 did not have a material impact on our consolidated financial position or results of operations. In November 2015, the FASB issued ASU 2015-17, "Balance Sheet Classification of Deferred Taxes." This new guidance requires all deferred tax assets and liabilities, along with any related valuation allowance, be classified as non-current on the balance sheet. ASU 2015-17 is effective for fiscal periods beginning after December 15, 2016 and may be adopted either prospectively or retrospectively. Early adoption is permitted. We have not yet selected a transition method and are currently evaluating the impact that ASU 2015-17 will have on our consolidated financial statements. In February 2016, the FASB issued ASU 2016-02, "Leases", which changes the accounting for leases and requires expanded disclosures about leasing activities. This new guidance will require lessees to recognize a right of use asset and a lease liability at the commencement date for all leases with terms greater than twelve months. Accounting by lessors is largely unchanged. ASU 2016-02 is effective for fiscal periods beginning after December 15, 2018 and must be adopted using a modified retrospective approach. Early adoption is permitted. We are currently evaluating the impact that ASU 2016-02 will have on our consolidated financial statements. In March 2016, the FASB issued ASU 2016-09,"Improvements to Employee Share-Based Payment Accounting", which amends ASC 718, "Compensation - Stock Compensation". ASU 2016-09 is intended to simplify several aspects of the accounting for share-based payment transactions, including income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. ASU 2016-09 is effective for fiscal periods beginning after December 15, 2016. Early adoption is permitted. We are currently evaluating the impact that ASU 2016-09 will have on our consolidated financial statements.

Cash and Cash Equivalents and R

Cash and Cash Equivalents and Restricted Cash	3 Months Ended
	Mar. 31, 2016
Cash and Cash Equivalents [Abstract]
Cash and Cash Equivalents and Restricted Cash	Cash and Cash Equivalents and Restricted Cash Cash and Cash Equivalents Cash and cash equivalents were held in the following geographic regions: (In thousands) March 31, 2016 December 31, 2015 United States $ 10,229 $ 8,458 People's Republic of China ("PRC") 29,596 28,681 Asia (excluding the PRC) 5,313 5,346 Europe 8,251 8,093 South America 2,688 2,388 Total cash and cash equivalents $ 56,077 $ 52,966 Restricted Cash In connection with the court order issued on September 4, 2015, we placed $4.6 million of cash into a collateralized surety bond. This bond has certain restrictions for liquidation and has therefore been classified as restricted cash. Refer to Note 10 for further information about this ongoing litigation.

Accounts Receivable, Net and Re

Accounts Receivable, Net and Revenue Concentrations	3 Months Ended
	Mar. 31, 2016
Receivables [Abstract]
Accounts Receivable, Net and Revenue Concentrations	Accounts Receivable, Net and Revenue Concentrations Accounts receivable, net were as follows: (In thousands) March 31, 2016 December 31, 2015 Trade receivables, gross $ 108,831 $ 119,090 Allowance for doubtful accounts (799 ) (822 ) Allowance for sales returns (424 ) (507 ) Net trade receivables 107,608 117,761 Other 3,384 4,040 Accounts receivable, net $ 110,992 $ 121,801 Allowance for Doubtful Accounts Changes in the allowance for doubtful accounts were as follows: (In thousands) Three Months Ended March 31, 2016 2015 Balance at beginning of period $ 822 $ 616 Additions (reductions) to costs and expenses (40 ) 2 (Write-offs)/Foreign exchange effects 17 (18 ) Balance at end of period $ 799 $ 600 Sales Returns The allowance for sales returns at March 31, 2016 and December 31, 2015 included reserves for items returned prior to period-end that were not completely processed, and therefore had not yet been removed from the allowance for sales returns balance. If these returns had been fully processed, the allowance for sales returns balance would have been approximately $0.3 million and $0.3 million on March 31, 2016 and December 31, 2015 , respectively. The value of these returned goods was included in our inventory balance at March 31, 2016 and December 31, 2015 . Significant Customers Net sales to the following customers totaled more than 10% of our net sales: Three Months Ended March 31, 2016 2015 $ (thousands) % of Net Sales $ (thousands) % of Net Sales Comcast Corporation $ 39,609 26.3 % $ 15,577 11.7 % DIRECTV 16,819 11.2 17,365 13.1 Trade receivables associated with these significant customers that totaled more than 10% of our accounts receivable, net were as follows: March 31, 2016 December 31, 2015 $ (thousands) % of Net Sales $ (thousands) % of Net Sales Comcast Corporation 27,126 24.4 % 29,404 24.1 % DIRECTV 12,769 11.5 % — (1) — % (1) (1) Trade receivables associated with this customer did not total more than 10% of our accounts receivable, net at December 31, 2015.

Inventories, Net and Significan

Inventories, Net and Significant Supplier(s)	3 Months Ended
	Mar. 31, 2016
Inventory Disclosure [Abstract]
Inventories, Net and Significant Supplier(s)	Inventories, Net and Significant Supplier Inventories, net were as follows: (In thousands) March 31, 2016 December 31, 2015 Raw materials $ 28,051 $ 29,290 Components 13,694 12,228 Work in process 6,350 5,671 Finished goods 72,889 78,222 Reserve for excess and obsolete inventory (3,292 ) (3,045 ) Inventories, net $ 117,692 $ 122,366 Reserve for Excess and Obsolete Inventory Changes in the reserve for excess and obsolete inventory were as follows: (In thousands) Three Months Ended March 31, 2016 2015 Balance at beginning of period $ 3,045 $ 2,539 Additions charged to costs and expenses (1) 693 811 Sell through (2) (211 ) (406 ) Write-offs/Foreign exchange effects (235 ) (407 ) Balance at end of period $ 3,292 $ 2,537 (1) The additions charged to costs and expenses do not include inventory directly written-off that was scrapped during production totaling $63 thousand and $95 thousand for the three months ended March 31, 2016 and 2015 , respectively. These amounts are production waste and are not included in management's reserve for excess and obsolete inventory. (2) These amounts represent the reduction in reserves associated with inventory items that were sold during the period. Significant Supplier We purchase integrated circuits, components and finished goods from multiple sources. Texas Instruments provided $8.5 million or 10.8% , of total inventory purchases during the three months ended March 31, 2016. Victory Chemical Co., Ltd. provided $8.2 million or 11.2% , of total inventory purchases during the three months ended March 31, 2015. Related Party Supplier We purchase certain printed circuit board assemblies from a related party supplier. The supplier is considered a related party for financial reporting purposes because our Senior Vice President of Strategic Operations owns 40% of this vendor. Inventory purchases from this supplier were as follows: Three Months Ended March 31, 2016 2015 $ (thousands) % of Total Inventory Purchases $ (thousands) % of Total Inventory Purchases Related party supplier $ 1,612 2.0 % $ 2,094 2.9 % Total accounts payable to this supplier were as follows: March 31, 2016 December 31, 2015 $ (thousands) % of Accounts Payable $ (thousands) % of Accounts Payable Related party supplier $ 1,638 2.1 % $ 2,361 2.5 % Our payable terms and pricing with this supplier are consistent with the terms offered by other suppliers in the ordinary course of business. The accounting policies that we apply to our transactions with our related party supplier are consistent with those applied in transactions with independent third parties. Corporate management routinely monitors purchases from our related party supplier to ensure these purchases remain consistent with our business objectives.

Goodwill and Intangible Assets,

Goodwill and Intangible Assets, Net	3 Months Ended
	Mar. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets, Net	Goodwill and Intangible Assets, Net Goodwill Changes in the carrying amount of goodwill were as follows: (In thousands) Balance at December 31, 2015 $ 43,116 Foreign exchange effects 68 Balance at March 31, 2016 $ 43,184 Intangible Assets, Net The components of intangible assets, net were as follows: March 31, 2016 December 31, 2015 (In thousands) Gross (1) Accumulated Amortization (1) Net Gross (1) Accumulated Amortization (1) Net Distribution rights $ 327 $ (107 ) $ 220 $ 312 $ (96 ) $ 216 Patents 11,468 (4,580 ) 6,888 11,425 (4,737 ) 6,688 Trademarks and trade names 2,400 (1,117 ) 1,283 2,401 (1,053 ) 1,348 Developed and core technology 12,585 (2,611 ) 9,974 12,587 (2,144 ) 10,443 Capitalized software development costs 235 (118 ) 117 167 (97 ) 70 Customer relationships 27,697 (14,244 ) 13,453 27,715 (13,554 ) 14,161 Total intangible assets, net $ 54,712 $ (22,777 ) $ 31,935 $ 54,607 $ (21,681 ) $ 32,926 (1) This table excludes the gross value of fully amortized intangible assets totaling $9.4 million and $9.0 million at March 31, 2016 and December 31, 2015 , respectively. Amortization expense is recorded in selling, general and administrative expenses, except amortization expense related to capitalized software development costs which is recorded in cost of sales. Amortization expense by income statement caption was as follows: Three Months Ended March 31, (In thousands) 2016 2015 Cost of sales $ 21 $ 35 Selling, general and administrative expenses 1,533 1,004 Total amortization expense $ 1,554 $ 1,039 Estimated future annual amortization expense related to our intangible assets at March 31, 2016 , is as follows: (In thousands) 2016 (remaining 9 months) $ 4,778 2017 6,303 2018 6,250 2019 6,235 2020 5,495 Thereafter 2,874 Total $ 31,935

Line of Credit

Line of Credit	3 Months Ended
	Mar. 31, 2016
Debt Disclosure [Abstract]
Line of Credit	Line of Credit On October 9, 2014, we extended the term of our Amended and Restated Credit Agreement ("Amended Credit Agreement") with U.S. Bank National Association ("U.S. Bank") to November 1, 2017. The Amended Credit Agreement provided for a $55.0 million line of credit ("Credit Line") that may be used for working capital and other general corporate purposes including acquisitions, share repurchases and capital expenditures. On September 3, 2015, we entered into the Second Amendment to the Amended Credit Agreement in which the Credit Line was increased to $65.0 million . On November 10, 2015, we entered into the Third Amendment to the Amended Credit Agreement in which the Credit Line was increased to $85.0 million . Amounts available for borrowing under the Credit Line are reduced by the balance of any outstanding letters of credit, of which there were $13 thousand at March 31, 2016 . All obligations under the Credit Line are secured by substantially all of our U.S. personal property and tangible and intangible assets as well as 65% of our ownership interest in Enson Assets Limited, our wholly-owned subsidiary which controls our manufacturing factories in the PRC. Under the Amended Credit Agreement, we may elect to pay interest on the Credit Line based on LIBOR plus an applicable margin (varying from 1.25% to 1.75% ) or base rate (based on the prime rate of U.S. Bank or as otherwise specified in the Amended Credit Agreement) plus an applicable margin (varying from 0.00% to 0.50% ). The applicable margins are calculated quarterly and vary based on our cash flow leverage ratio as set forth in the Amended Credit Agreement. The interest rate in effect at March 31, 2016 was 1.69% . There are no commitment fees or unused line fees under the Amended Credit Agreement. The Amended Credit Agreement includes financial covenants requiring a minimum fixed charge coverage ratio and a maximum cash flow leverage ratio. In addition, the Amended Credit Agreement also contains other customary affirmative and negative covenants and events of default. As of March 31, 2016 , we were in compliance with the covenants and conditions of the Amended Credit Agreement. At March 31, 2016 , we had $58.0 million outstanding under the Credit Line. Our total interest expense on borrowings was $0.3 million during the three months ended March 31, 2016 . We had no interest expense or borrowings during the three months ended March 31, 2015 .

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2016
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes We utilize our estimated annual effective tax rate to determine our provision for income taxes for interim periods. The income tax provision is computed by taking the estimated annual effective tax rate and multiplying it by the year-to-date pre-tax book income. We recorded income tax expense of $0.8 million and $1.3 million for the three months ended March 31, 2016 and 2015 , respectively. Our effective tax rate was 21.5% and 19.5% during the three months ended March 31, 2016 and 2015 , respectively. Our effective tax rate was lower in the prior year primarily due to the recording of a $0.3 million tax refund in China during the three months ended March 31, 2015 related to certain deductible research and development expenses incurred in 2013. At March 31, 2016 , we had gross unrecognized tax benefits of $3.7 million , including interest and penalties, of which $3.3 million would affect the annual effective tax rate if these tax benefits are realized. Further, we are unaware of any positions for which it is reasonably possible that the total amount of unrecognized tax benefits will significantly change within the next twelve months. However, based on federal, state and foreign statute expirations in various jurisdictions, we anticipate a decrease in unrecognized tax benefits of approximately $0.1 million within the next twelve months. We have classified uncertain tax positions as non-current income tax liabilities unless expected to be paid within one year. We have elected to classify interest and penalties as a component of tax expense. Accrued interest and penalties of $0.2 million and $0.2 million at March 31, 2016 and December 31, 2015 , respectively, are included in our unrecognized tax benefits. We file income tax returns in the U.S. federal jurisdiction, and in various state and foreign jurisdictions. On March 31, 2016 , the open statutes of limitations in our significant tax jurisdictions were as follows: federal 2012 through 2014 , state 2011 through 2014 , and foreign 2009 through 2014 .

Accrued Compensation

Accrued Compensation	3 Months Ended
	Mar. 31, 2016
Payables and Accruals [Abstract]
Accrued Compensation	Accrued Compensation The components of accrued compensation were as follows: (In thousands) March 31, 2016 December 31, 2015 Accrued social insurance (1) $ 18,893 $ 18,923 Accrued salary/wages 7,143 7,549 Accrued vacation/holiday 2,839 2,227 Accrued bonus (2) 1,454 5,914 Accrued commission 335 1,084 Accrued medical insurance claims 258 218 Other accrued compensation 1,882 1,537 Total accrued compensation $ 32,804 $ 37,452 (1) Effective January 1, 2008, the Chinese Labor Contract Law was enacted in the PRC. This law mandated that PRC employers remit the applicable social insurance payments to their local government. Social insurance is comprised of various components such as pension, medical insurance, job injury insurance, unemployment insurance, and a housing assistance fund, and is administered in a manner similar to social security in the United States. This amount represents our estimate of the amounts due to the PRC government for social insurance on March 31, 2016 and December 31, 2015 . (2) Accrued bonus includes an accrual for an extra month of salary ("13 th month salary") to be paid to employees in certain geographies where it is the customary business practice. This 13 th month salary is paid to these employees if they remain employed with us through December 31st. The total accrued for the 13 th month salary was $0.3 million and $0.7 million at March 31, 2016 and December 31, 2015 , respectively. Other Accrued Expenses The components of other accrued expenses were as follows: (In thousands) March 31, 2016 December 31, 2015 Advertising and marketing $ 285 $ 191 Deferred revenue 1,416 1,434 Duties 771 1,318 Freight and handling fees 1,652 1,942 Product development 442 630 Product warranty claim costs 35 35 Professional fees 1,343 1,714 Property, plant, and equipment 665 551 Sales taxes and VAT 1,915 3,170 Short-term contingent consideration (Note 19) 1,214 — Third-party commissions 890 585 Tooling (1) 1,495 1,173 Unrealized loss on foreign currency exchange futures contracts 546 1,164 URC court order (Notes 2 and 10) 4,633 4,629 Utilities 242 278 Other 2,953 2,652 Total other accrued expenses $ 20,497 $ 21,466 (1) The tooling accrual balance relates to unearned revenue for tooling that will be sold to customers. Related Party Vendor We have obtained certain engineering support services for our India subsidiary from JAP Techno Solutions ("JAP"). The owner of JAP is the spouse of the managing director of our India operations. Total fees paid to JAP for the three months ended March 31, 2016 and 2015 were $0 thousand and $26 thousand , respectively.

Other Accrued Expenses

Other Accrued Expenses	3 Months Ended
	Mar. 31, 2016
Payables and Accruals [Abstract]
Other Accrued Expenses	Accrued Compensation The components of accrued compensation were as follows: (In thousands) March 31, 2016 December 31, 2015 Accrued social insurance (1) $ 18,893 $ 18,923 Accrued salary/wages 7,143 7,549 Accrued vacation/holiday 2,839 2,227 Accrued bonus (2) 1,454 5,914 Accrued commission 335 1,084 Accrued medical insurance claims 258 218 Other accrued compensation 1,882 1,537 Total accrued compensation $ 32,804 $ 37,452 (1) Effective January 1, 2008, the Chinese Labor Contract Law was enacted in the PRC. This law mandated that PRC employers remit the applicable social insurance payments to their local government. Social insurance is comprised of various components such as pension, medical insurance, job injury insurance, unemployment insurance, and a housing assistance fund, and is administered in a manner similar to social security in the United States. This amount represents our estimate of the amounts due to the PRC government for social insurance on March 31, 2016 and December 31, 2015 . (2) Accrued bonus includes an accrual for an extra month of salary ("13 th month salary") to be paid to employees in certain geographies where it is the customary business practice. This 13 th month salary is paid to these employees if they remain employed with us through December 31st. The total accrued for the 13 th month salary was $0.3 million and $0.7 million at March 31, 2016 and December 31, 2015 , respectively. Other Accrued Expenses The components of other accrued expenses were as follows: (In thousands) March 31, 2016 December 31, 2015 Advertising and marketing $ 285 $ 191 Deferred revenue 1,416 1,434 Duties 771 1,318 Freight and handling fees 1,652 1,942 Product development 442 630 Product warranty claim costs 35 35 Professional fees 1,343 1,714 Property, plant, and equipment 665 551 Sales taxes and VAT 1,915 3,170 Short-term contingent consideration (Note 19) 1,214 — Third-party commissions 890 585 Tooling (1) 1,495 1,173 Unrealized loss on foreign currency exchange futures contracts 546 1,164 URC court order (Notes 2 and 10) 4,633 4,629 Utilities 242 278 Other 2,953 2,652 Total other accrued expenses $ 20,497 $ 21,466 (1) The tooling accrual balance relates to unearned revenue for tooling that will be sold to customers. Related Party Vendor We have obtained certain engineering support services for our India subsidiary from JAP Techno Solutions ("JAP"). The owner of JAP is the spouse of the managing director of our India operations. Total fees paid to JAP for the three months ended March 31, 2016 and 2015 were $0 thousand and $26 thousand , respectively.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2016
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Product Warranties Changes in the liability for product warranty claim costs were as follows: (In thousands) Three Months Ended March 31, 2016 2015 Balance at beginning of period $ 35 $ 353 Accruals for warranties issued during the period — — Settlements (in cash or in kind) during the period — (180 ) Balance at end of period $ 35 $ 173 Restructuring Activities During the three months ended March 31, 2016, we implemented a plan to reduce our manufacturing costs by transitioning some of our manufacturing activities from our southern-most China factory, located in the city of Guangzhou in the Guangdong province, to our other China factories where labor rates are lower. As a result, we incurred severance costs of $1.4 million during the three months ended March 31, 2016, which are included within selling, general and administrative expenses. We expect to incur additional severance costs of approximately $8 million as we continue to execute this transition over the next 12-18 months. Because severance costs relate to involuntary terminations, we record the related liability at the communication date. At March 31, 2016, we had $0.2 million of unpaid severance costs included within accrued compensation. Litigation On March 2, 2012, we filed a lawsuit against Universal Remote Control, Inc. ("URC") in the United States District Court, Central District of California (Universal Electronics Inc. v. Universal Remote Control, Inc., SACV12-0039 AG (JPRx)) alleging that URC was infringing, directly and indirectly, four of our patents related to remote control technology. Following a jury verdict in favor of URC, on September 4, 2015 the District Court awarded URC $4.6 million in attorneys’ fees and costs, approximately 50% of the attorneys’ fees and costs URC claims it incurred. Both parties filed Notices of Appeal. URC is appealing various portions of the judgment and the District Court’s decision to award less than the full amount of attorneys’ fees. We have elected not to appeal the award of attorneys’ fees. URC has filed its opening appellate brief and we filed our response on February 26, 2016. We expect oral arguments in the summer of 2016, with a decision approximately six months later. We fully accrued the amount awarded in 2015, and the liability is included within other accrued expenses. Thus, there was no additional amount accrued for the three months ended March 31, 2016 . Additionally, as described in Note 2, we placed $4.6 million into a surety bond as collateral for this court order. On June 28, 2013, we filed a second lawsuit against URC, also in the United States District Court, Central District of California (Universal Electronics Inc. v. Universal Remote Control, Inc., SACV13-00987 JAK (SHx)) claiming that URC has violated ten patents not implicated in our first lawsuit against it. Of the ten patents, four of them have expired. In mid-November 2013, we filed a motion to add affiliated URC suppliers, Ohsung Electronics Co, Ltd., a South Korean entity, and Ohsung Electronics USA, Inc., a California entity, (collectively "Ohsung"), to the lawsuit. In late June and early July of 2014, URC and Ohsung requested inter partes review ("IPR") with the US Patent and Trademark Office Appeal Board ("PTAB") for each of the ten patents pending in the second URC lawsuit. On July 9, 2014, the Court entered stipulated stay, pending the IPR outcome. In January 2016, the PTAB issued its decisions in all of the IPR proceedings, sustaining most of the claims of the six unexpired patents and invalidating the majority of the claims of the four expired patents. URC filed a notice of appeal with respect to the PTAB’s ruling against it. We have elected to not appeal the PTAB’s rulings. At a status conference held on March 21, 2016, the Court requested briefing on whether the stay should be continued. The briefing has been completed and we are awaiting the Court’s ruling. On or about June 10, 2015, FM Marketing GmbH ("FMH") and Ruwido Austria GmbH ("Ruwido"), filed a Summons in Summary Proceedings in Belgium court against one of our subsidiaries, Universal Electronics BV ("UEBV") and one of its customers, Telenet N.V. ("Telenet"), claiming that one of the products UEBV supplies Telenet violates two design patents and one utility patent owned by FMH and/or Ruwido. By this summons, FMH and Ruwido sought to enjoin Telenet and UEBV from continued distribution and use of the products at issue. After the September 29, 2015 hearing, the Court issued its ruling in our and Telenet’s favor, rejecting FMH and Ruwido’s request entirely. On October 22, 2015, Ruwido filed its notice of appeal in this ruling. The parties have fully briefed the appeal and on February 15, 2016, the appellate court heard oral arguments. We expect the appellate court’s ruling on the motion in the next three to six months. In addition, in September 2015, UEBV filed an Opposition with the European Patent Office seeking to invalidate the one utility patent asserted against UEBV and Telenet by Ruwido. Finally, on or about February 9, 2016, Ruwido filed a writ of summons for proceeding on the merits with respect to asserted patents. UEBV and Telenet intend to vigorously defend against Ruwido's claims. There are no other material pending legal proceedings to which we or any of our subsidiaries is a party or of which our respective property is the subject. However, as is typical in our industry and to the nature and kind of business in which we are engaged, from time to time, various claims, charges and litigation are asserted or commenced by third parties against us or by us against third parties arising from or related to product liability, infringement of patent or other intellectual property rights, breach of warranty, contractual relations, or employee relations. The amounts claimed may be substantial but may not bear any reasonable relationship to the merits of the claims or the extent of any real risk of court awards assessed against us or in our favor. However, no assurances can be made as to the outcome of any of these matters, nor can we estimate the range of potential losses to us. In our opinion, final judgments, if any, which might be rendered against us in potential or pending litigation would not have a material adverse effect on our financial condition, results of operations, or cash flows. Moreover, we believe that our products do not infringe any third parties' patents or other intellectual property rights. We maintain directors' and officers' liability insurance which insures our individual directors and officers against certain claims, as well as attorney's fees and related expenses incurred in connection with the defense of such claims.

Treasury Stock

Treasury Stock	3 Months Ended
	Mar. 31, 2016
Equity [Abstract]
Treasury Stock	Treasury Stock From time to time, our Board of Directors authorizes management to repurchase shares of our issued and outstanding common stock on the open market. Repurchases may be made to manage dilution created by shares issued under our stock incentive plans or whenever we deem a repurchase is a good use of our cash and the price to be paid is at or below a threshold approved by our Board. As of March 31, 2016 , we had 375,000 shares available for repurchase on the open market under the Board's authorizations. Repurchased shares of our common stock were as follows: Three Months Ended March 31, (In thousands, except share data) 2016 2015 Shares repurchased 32,934 69,460 Cost of shares repurchased $ 1,724 $ 4,021 Repurchased shares are recorded as shares held in treasury at cost. We hold these shares for future use as management and the Board of Directors deem appropriate, which has included compensating our outside directors.

Business Segment and Foreign Op

Business Segment and Foreign Operations	3 Months Ended
	Mar. 31, 2016
Segment Reporting [Abstract]
Business Segment and Foreign Operations	Business Segment and Foreign Operations Reportable Segment An operating segment, in part, is a component of an enterprise whose operating results are regularly reviewed by the chief operating decision maker to make decisions about resources to be allocated to the segment and assess its performance. Operating segments may be aggregated only to a limited extent. Our chief operating decision maker, the Chief Executive Officer, reviews financial information presented on a consolidated basis, accompanied by disaggregated information about revenues for purposes of making operating decisions and assessing financial performance. Accordingly, we only have a single operating and reportable segment. Foreign Operations Our net sales to external customers by geographic area were as follows: Three Months Ended March 31, (In thousands) 2016 2015 United States $ 83,938 $ 54,759 Asia (excluding PRC) 21,573 31,020 People's Republic of China 16,926 15,836 Europe 15,783 15,022 Latin America 7,555 10,522 Other 4,883 5,546 Total net sales $ 150,658 $ 132,705 Specific identification of the customer billing location was the basis used for attributing revenues from external customers to geographic areas. Long-lived tangible assets by geographic area were as follows: (In thousands) March 31, 2016 December 31, 2015 United States $ 7,524 $ 7,015 People's Republic of China 86,419 83,794 All other countries 4,927 4,571 Total long-lived tangible assets $ 98,870 $ 95,380

Stock-Based Compensation

Stock-Based Compensation	3 Months Ended
	Mar. 31, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-Based Compensation	Stock-Based Compensation Stock-based compensation expense for each employee and director is presented in the same income statement caption as their cash compensation. Stock-based compensation expense by income statement caption and the related income tax benefit were as follows: Three Months Ended March 31, (In thousands) 2016 2015 Cost of sales $ 14 $ 9 Research and development expenses 136 105 Selling, general and administrative expenses: Employees 1,845 1,471 Outside directors 498 374 Total stock-based compensation expense $ 2,493 $ 1,959 Income tax benefit $ 733 $ 560 Stock Options Stock option activity was as follows: Number of Options (in 000's) Weighted-Average Exercise Price Weighted-Average Remaining Contractual Term (in years) Aggregate Intrinsic Value (in 000's) Outstanding at December 31, 2015 648 $ 30.50 Granted 244 49.67 Exercised (77 ) 25.25 $ 2,415 Forfeited/canceled/expired — — Outstanding at March 31, 2016 (1) 815 $ 36.72 5.36 $ 20,847 Vested and expected to vest at March 31, 2016 (1) 814 $ 36.72 5.36 $ 20,840 Exercisable at March 31, 2016 (1) 469 $ 27.15 4.57 $ 16,422 (1) The aggregate intrinsic value represents the total pre-tax value (the difference between our closing stock price on the last trading day of the first quarter of 2016 and the exercise price, multiplied by the number of in-the-money options) that would have been received by the option holders had they all exercised their options on March 31, 2016 . This amount will change based on the fair market value of our stock. The assumptions we utilized in the Black-Scholes option pricing model and the resulting weighted average fair value of stock option grants were the following: Three Months Ended March 31, 2016 2015 Weighted average fair value of grants $ 17.96 $ 24.77 Risk-free interest rate 1.36 % 1.38 % Expected volatility 41.38 % 43.50 % Expected life in years 4.55 4.56 As of March 31, 2016 , we expect to recognize $5.9 million of total unrecognized pre-tax stock-based compensation expense related to non-vested stock options over a remaining weighted-average life of 2.5 years . Restricted Stock Non-vested restricted stock award activity was as follows: Shares (in 000's) Weighted-Average Grant Date Fair Value Non-vested at December 31, 2015 225 $ 51.31 Granted 37 51.39 Vested (28 ) 45.92 Forfeited (2 ) 55.85 Non-vested at March 31, 2016 232 $ 51.95 As of March 31, 2016 , we expect to recognize $10.6 million of total unrecognized pre-tax stock-based compensation expense related to non-vested restricted stock awards over a weighted-average life of 2.1 years .

Performance-Based Common Stock

Performance-Based Common Stock Warrants	3 Months Ended
	Mar. 31, 2016
Equity [Abstract]
Performance-Based Common Stock Warrants	Performance-Based Common Stock Warrants On March 9, 2016, we issued common stock purchase warrants to Comcast Corporation ("Comcast") to purchase up to 725,000 shares of our common stock at a price of $54.55 per share. The right to exercise the warrants under this agreement is subject to vesting over three successive two -year periods (with the first two -year period commencing on January 1, 2016) based on the level of purchases of goods and services from us by Comcast and its affiliates, as defined in the warrant agreement. 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 If total aggregate purchases by Comcast and its affiliates are below $260 million in any of the two -year periods above, no warrants will vest related to that two -year period. If total aggregate purchases of goods and services by Comcast and its affiliates exceed $340 million during either the first or second two -year period, the amount of any such excess will count toward aggregate purchases in the following two -year period. To fully vest in the rights to purchase all of the underlying shares, Comcast and its affiliates must purchase an aggregate of $1.02 billion in goods and services from us during the six -year vesting period. Any and all warrants that vest will expire on January 1, 2023. The warrants provide for certain adjustments that may be made to the exercise price and the number of shares issuable upon exercise due to customary anti-dilution provisions. Additionally, in connection with the common stock purchase warrants, we have also entered into a registration rights agreement with Comcast under which Comcast may from time to time request that we register the shares of common stock underlying vested warrants with the SEC. Because the warrants contain performance criteria under which Comcast must achieve specified aggregate purchase levels for the warrants to vest, as detailed above, the measurement date for the warrants is the date on which the warrants vest. The estimated fair value of warrants is being recorded as a reduction to net sales ratably as the warrants vest based on the projected number of warrants that will vest, the proportion of purchases by Comcast and its affiliates within the period relative to the aggregate purchase levels required for the warrants to vest and the then-current fair value of the related unvested warrants. To the extent that our projections change in the future as to the number of warrants that will vest, a cumulative catch-up adjustment will be recorded in the period in which our estimates change. At March 31, 2016, none of the warrants had vested. The fair value of the warrants is determined using the Black-Scholes option pricing model. The assumptions we utilized and the resulting fair value of the warrants were the following: Three Months Ended March 31, 2016 Fair value $29.86 Risk-free interest rate 1.50% Expected volatility 41.49% Expected life in years 6.75 For the three months ended March 31, 2016, we recorded $0.9 million as a reduction to net sales in connection with the common stock warrants, and the aggregate unrecognized estimated fair value of unvested warrants at March 31, 2016 was $20.8 million .

Other Income (Expense), Net

Other Income (Expense), Net	3 Months Ended
	Mar. 31, 2016
Other Income and Expenses [Abstract]
Other Income (Expense), Net	Other Income (Expense), Net Other income (expense), net consisted of the following: Three Months Ended March 31, (In thousands) 2016 2015 Net gain (loss) on foreign currency exchange contracts (1) $ (199 ) $ 1,034 Net gain (loss) on foreign currency exchange transactions 911 (854 ) Other income (expense) 8 50 Other income (expense), net $ 720 $ 230 (1) This represents the gains (losses) incurred on foreign currency hedging derivatives (see Note 18 for further details).

Earnings Per Share

Earnings Per Share	3 Months Ended
	Mar. 31, 2016
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share Earnings per share was calculated as follows: Three Months Ended March 31, (In thousands, except per-share amounts) 2016 2015 BASIC Net income attributable to Universal Electronics Inc. $ 2,721 $ 5,189 Weighted-average common shares outstanding 14,373 15,907 Basic earnings per share attributable to Universal Electronics Inc. $ 0.19 $ 0.33 DILUTED Net income attributable to Universal Electronics Inc. $ 2,721 $ 5,189 Weighted-average common shares outstanding for basic 14,373 15,907 Dilutive effect of stock options and restricted stock 264 336 Weighted-average common shares outstanding on a diluted basis 14,637 16,243 Diluted earnings per share attributable to Universal Electronics Inc. $ 0.19 $ 0.32 The number of stock options and shares of restricted stock excluded from the computation of diluted earnings per common share were as follows: Three Months Ended March 31, (In thousands) 2016 2015 Stock options 256 40 Restricted stock awards 20 16

Stockholders' Equity and Noncon

Stockholders' Equity and Noncontrolling Interest	3 Months Ended
	Mar. 31, 2016
Equity [Abstract]
Stockholders' Equity and Noncontrolling Interest	Stockholders' Equity and Noncontrolling Interest A reconciliation of common stock outstanding, treasury stock and the total carrying amount of Universal Electronics Inc. stockholders’ equity, stockholders’ equity attributable to noncontrolling interest and total stockholders' equity for the three months ended March 31, 2016 is as follows: Shares Stockholders' Equity (In thousands) Common Stock Treasury Stock Universal Electronics Inc. Stockholders' Equity Noncontrolling Interest Total Balance at December 31, 2015 23,176 (8,825 ) $ 257,609 $ 299 $ 257,908 Net income 2,721 22 2,743 Currency translation adjustment 1,368 1,368 Shares issued for employee benefit plan and compensation 26 345 345 Purchase of treasury shares (33 ) (1,724 ) (1,724 ) Stock options exercised 77 1,935 1,935 Shares issued to Directors 8 — — Employee and director stock-based compensation 2,493 2,493 Tax benefit from exercise of non-qualified stock options and vested restricted stock 616 616 Performance-based warrant stock-based compensation 866 866 Balance at March 31, 2016 23,287 (8,858 ) $ 266,229 $ 321 $ 266,550

Derivatives

Derivatives	3 Months Ended
	Mar. 31, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivatives	Derivatives We periodically enter into foreign currency exchange contracts with terms normally lasting less than nine months to protect against the adverse effects that exchange-rate fluctuations may have on our foreign currency-denominated receivables, payables, cash flows and reported income. We are exposed to market risks from foreign currency exchange rates, which may adversely affect our operating results and financial position. Our foreign currency exposures are primarily concentrated in the Argentinian Peso, Brazilian Real, British Pound, Chinese Yuan Renminbi, Euro, Hong Kong Dollar, Indian Rupee, Japanese Yen and Mexican Peso. Derivative financial instruments are used to manage risk and are not used for trading or other speculative purposes. We do not use leveraged derivative financial instruments and these derivatives have not qualified for hedge accounting. Gains and losses on the derivatives are recorded in other income (expense), net. Derivatives are recorded on the balance sheet at fair value. The estimated fair values of our derivative financial instruments represent the amount required to enter into offsetting contracts with similar remaining maturities based on quoted market prices. We have determined that the fair value of our derivatives are derived from level 2 inputs in the fair value hierarchy. The following table sets forth the total net fair value of derivatives: March 31, 2016 December 31, 2015 Fair Value Measurement Using Total Fair Value Measurement Using Total (In thousands) (Level 1) (Level 2) (Level 3) Balance (Level 1) (Level 2) (Level 3) Balance Foreign currency exchange futures contracts $ — $ 202 $ — $ 202 $ — $ (1,146 ) $ — $ (1,146 ) We held foreign currency exchange contracts which resulted in a net pre-tax loss of $0.2 million for the three months ended March 31, 2016 and a net pre-tax gain of $1.0 million for the three months ended March 31, 2015 , respectively (see Note 15). Details of futures contracts held were as follows: Date Held Type Position Held Notional Value (in millions) Forward Rate Unrealized Gain/(Loss) Recorded at Balance Sheet Date (in thousands) (1) Settlement Date March 31, 2016 USD/Euro USD $ 14.0 1.1201 $ (240 ) April 22, 2016 March 31, 2016 USD/Chinese Yuan Renminbi Chinese Yuan Renminbi $ 20.0 6.7391 $ 748 July 15, 2016 March 31, 2016 USD/Brazilian Real USD $ 2.0 4.1570 $ (306 ) April 15, 2016 December 31, 2015 USD/Euro USD $ 7.0 1.0864 $ (7 ) January 22, 2016 December 31, 2015 USD/Chinese Yuan Renminbi Chinese Yuan Renminbi $ 22.5 6.2565 $ (1,100 ) January 15, 2016 December 31, 2015 USD/Brazilian Real Brazilian Real $ 1.0 3.7461 $ (57 ) January 15, 2016 December 31, 2015 USD/Brazilian Real USD $ 3.0 3.9503 $ 18 January 15, 2016 (1) Gains on futures contracts are recorded in prepaid expenses and other current assets. Losses on futures contracts are recorded in other accrued expenses.

Business Combination

Business Combination	3 Months Ended
	Mar. 31, 2016
Business Combinations [Abstract]
Business Combination	Business Combination On August 4, 2015, we entered into an Asset Purchase Agreement (the "APA") to acquire substantially all of the net assets of Ecolink Intelligent Technology, Inc. ("Ecolink"), a leading developer of smart home technology that designs, develops and manufactures a wide range of intelligent wireless security and home automation products. This transaction closed on August 31, 2015. The purchase price of $24.1 million was comprised of $12.9 million in cash, and $11.2 million of contingent consideration. Additionally, we incurred $0.2 million in acquisition costs, consisting primarily of legal and accounting expenses, which were recorded within selling, general and administrative expenses for the year ended December 31, 2015. The acquisition of these assets will allow us to extend our product offerings to include home security and automation products previously marketed by Ecolink and to sell these products to our existing customers. Included in the net assets acquired from Ecolink was a 50% ownership interest in Encore Controls LLC ("Encore"), a developer of smart home technology that designs and sells intelligent wireless fire safety products for use in home security systems. Management has determined that we are the primary beneficiary of Encore due to our ability to direct the activities that most significantly impact the economic performance of Encore, and thus we have consolidated the financial statements of Encore commencing on the acquisition date. The aggregate fair value of Encore’s net assets on the acquisition date was $0.7 million , of which $0.4 million was attributable to the noncontrolling interest. The fair value attributable to the noncontrolling interest was based on the noncontrolling interest's ownership percentage in the fair values of the assets and liabilities of Encore. The carrying amount of Encore's assets and liabilities consolidated at March 31, 2016 did not materially change from the opening balances at the acquisition date. The operations of Encore are financed through cash flows from operations, and we do not intend to provide support to Encore beyond our respective ownership obligation. Furthermore, the creditors of Encore do not have any recourse to our general credit. Our consolidated income statement for the three months ended March 31, 2016 includes net sales of $1.0 million and a net loss of $0.5 million attributable to Ecolink. Contingent Consideration We are required to make additional earnout payments upon the achievement of certain operating income levels attributable to Ecolink over each of the next 5 years . The amount of contingent consideration has no upper limit and is calculated at the end of each calendar year based upon certain percentages of operating income target levels as defined in the APA. Ecolink's operating income will be calculated using certain revenues, costs and expenses directly attributable to Ecolink as specified in the APA. At the acquisition date, the value of earnout contingent consideration was estimated using a valuation methodology based on projections of future operating income calculated in accordance with the APA. Such projections were then discounted using an average discount rate of 15.5% to reflect the risk in achieving the projected operating income levels as well as the time value of money. The fair value measurement of the earnout contingent consideration was based primarily on significant inputs not observable in an active market and thus represents a Level 3 measurement as defined under U.S. GAAP. At December 31, 2015 the fair value of the earnout contingent consideration was $11.8 million . During the three months ended March 31, 2016, the fair value of the earnout contingent consideration decreased to $11.7 million , primarily to reflect adjustments to the timing of earnout payments and the related accretion driven by the time value of money. This adjustment was recorded within selling, general and administrative expenses for the three months ended March 31, 2016. The current portion of the contingent consideration liability is included within other accrued expenses, and the long-term portion of the contingent consideration liability is presented as long-term contingent consideration. Purchase Price Allocation Using the acquisition method of accounting, the acquisition date fair value of the consideration transferred was allocated to the net tangible and intangible assets acquired and liabilities assumed based on their estimated fair values on the acquisition date. The excess of the purchase price over the fair value of net assets acquired is recorded as goodwill. The goodwill is expected to be deductible for income tax purposes. Management's purchase price allocation was the following: (in thousands) Estimated Lives Fair Value Cash and cash equivalents $ 685 Accounts receivable 374 Inventories 1,412 Prepaid expenses and other current assets 253 Property, plant and equipment 1-4 years 16 Non-interest bearing liabilities (1,557 ) Net tangible assets acquired 1,183 Trade name 7 years 400 Developed technology 4-14 years 9,080 Customer relationships 5 years 1,300 Goodwill 12,564 Total purchase price 24,527 Noncontrolling interest (378 ) Net purchase price 24,149 Less: Contingent consideration (11,200 ) Cash paid $ 12,949 Management's determination of the fair value of intangible assets acquired was based primarily on significant inputs not observable in an active market and thus represent Level 3 fair value measurements as defined under U.S. GAAP. The fair value assigned to Ecolink’s trade name intangible asset was determined utilizing a relief from royalty method. Under the relief from royalty method, the fair value of the intangible asset is estimated to be the present value of the royalties saved because the company owns the intangible asset. Revenue projections and estimated useful life were significant inputs into estimating the value of Ecolink’s trade name. The fair value assigned to Ecolink's developed technology was determined utilizing a multi-period excess earnings approach. Under the multi-period excess earnings approach, the fair value of the intangible asset is estimated to be the present value of future earnings attributable to the asset and utilizes revenue and cost projections, including an assumed contributory asset charge. The fair value assigned to Ecolink's customer relationships intangible asset was determined utilizing the with and without method. Under the with and without method, the fair value of the intangible asset is estimated based on the difference in projected earnings utilizing the existing Ecolink customer base versus projected earnings based on starting with no customers and reacquiring the customer base. Revenue and earnings projections were significant inputs into estimating the value of Ecolink’s customer relationships. The trade name, developed technology and customer relationships intangible assets are expected to be deductible for income tax purposes. Pro Forma Results (Unaudited) The following unaudited pro forma financial information presents the combined results of our operations and the operations of Ecolink as if this transaction had occurred on January 1, 2014. This unaudited pro forma financial information is not intended to represent or be indicative of the consolidated results of operations that would have been achieved had the acquisition actually been completed as of January 1, 2014, and should not be taken as a projection of the future consolidated results of our operations. Three Months Ended March 31, (In thousands, except per-share amounts) 2016 2015 Net sales $ 150,658 $ 134,211 Net income $ 2,789 $ 5,032 Net income attributable to Universal Electronics Inc. $ 2,758 $ 5,007 Basic earnings per share attributable to Universal Electronics Inc. $ 0.19 $ 0.31 Diluted earnings per share attributable to Universal Electronics Inc. $ 0.19 $ 0.31 For purposes of determining pro forma net income attributable to Universal Electronics Inc., adjustments were made to each period presented in the table above. The pro forma net income and net income attributable to Universal Electronics Inc. assumes that amortization of acquired intangible assets and of fair value adjustments related to inventories began at January 1, 2014 rather than on September 1, 2015. The result is a net increase in amortization expense of $0.5 million for the three months ended March 31, 2015 and a net decrease in amortization expense of $0.1 million for the three months ended March 31, 2016. Additionally, acquisition costs totaling $0.2 million are excluded from pro forma net income and pro forma net income attributable to Universal Electronics Inc. All adjustments have been made net of their related tax effects.

Basis of Presentation and Sig26

Basis of Presentation and Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2016
Accounting Policies [Abstract]
Consolidation	In the opinion of management, the accompanying consolidated financial statements of Universal Electronics Inc. and its subsidiaries contain all the adjustments necessary for a fair presentation of financial position, results of operations and cash flows for the periods presented. All such adjustments are of a normal recurring nature. Information and footnote disclosures normally included in financial statements, which are prepared in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP"), have been condensed or omitted pursuant to the rules and regulations of the Securities and Exchange Commission. As used herein, the terms "Company," "we," "us," and "our" refer to Universal Electronics Inc. and its subsidiaries, unless the context indicates to the contrary. Our results of operations for the three months ended March 31, 2016 are not necessarily indicative of the results to be expected for the full year. These financial statements should be read in conjunction with the "Risk Factors," "Management's Discussion and Analysis of Financial Condition and Results of Operations," "Quantitative and Qualitative Disclosures About Market Risk," and the "Financial Statements and Supplementary Data" included in Items 1A, 7, 7A, and 8, respectively, of our Annual Report on Form 10-K for the year ended December 31, 2015 .
Estimates, Judgments and Assumptions	Estimates, Judgments and Assumptions The preparation of financial statements in conformity with U.S. GAAP requires us to make estimates, judgments and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. On an on-going basis, we evaluate our estimates and assumptions, including those related to revenue recognition, allowances for sales returns and doubtful accounts, inventory valuation, our review for impairment of long-lived assets, intangible assets and goodwill, business combinations, income taxes and stock-based compensation expense. Actual results may differ from these estimates and assumptions, and they may be adjusted as more information becomes available. Any adjustment may be material.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In May 2014, the FASB issued ASU 2014-09, "Revenue from Contracts with Customers", which will supersede most existing U.S. GAAP revenue recognition guidance. This new standard requires an entity to recognize revenue to depict the transfer of goods or services to customers in an amount that reflects the consideration to which an entity expects to be entitled in exchange for those goods or services. In addition, ASU 2014-09 contains expanded disclosure requirements relating to the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers. ASU 2014-09 is effective for fiscal periods beginning after December 15, 2016 and permits the use of either the full retrospective or cumulative effect transition method. On July 9, 2015, the FASB postponed the effective date of the new revenue standard by one year; however, early adoption is permitted as of the original effective date. We have not yet selected a transition method and are evaluating the impact that this new standard will have on our consolidated financial statements. In April 2015, the FASB issued ASU 2015-05, "Customer's Accounting for Fees Paid in a Cloud Computing Arrangement," which amends Accounting Standards Codification ("ASC") 350, "Intangibles - Goodwill and Other". The amendments provide guidance as to whether a cloud computing arrangement includes a software license, and based on that determination, how to account for such arrangements. ASU 2015-05 is effective for fiscal periods beginning after December 15, 2015 and permits the use of either the prospective or retrospective transition method. The adoption of ASU 2015-05 did not have a material impact on our consolidated financial position or results of operations. In July 2015, the FASB issued ASU 2015-11, "Simplifying the Measurement of Inventory", which states that inventory should be measured at the lower of cost and net realizable value. Net realizable value is defined as estimated selling price in the ordinary course of business, less reasonably predictable costs of completion, disposal and transportation. ASU 2015-11 is effective for fiscal periods beginning after December 15, 2016 and must be applied prospectively. Early adoption is permitted. We are currently evaluating the impact that ASU 2015-11 will have on our consolidated financial statements. In September 2015, the FASB issued ASU 2015-16, "Simplifying the Accounting for Measurement-period Adjustments." This new guidance requires an acquirer in a business combination to recognize adjustments to the provisional amounts that are identified during the measurement period to be reported in the period in which the adjustment amounts are determined. In addition, the effect on earnings of changes in depreciation, amortization and other items as a result of the change to the provisional amounts, calculated as if the accounting had been complete as of the acquisition date, must be recorded in the reporting period in which the adjustment amounts are determined. ASU 2015-16 is effective for fiscal periods beginning after December 15, 2015 and must be applied prospectively. The adoption of ASU 2015-16 did not have a material impact on our consolidated financial position or results of operations. In November 2015, the FASB issued ASU 2015-17, "Balance Sheet Classification of Deferred Taxes." This new guidance requires all deferred tax assets and liabilities, along with any related valuation allowance, be classified as non-current on the balance sheet. ASU 2015-17 is effective for fiscal periods beginning after December 15, 2016 and may be adopted either prospectively or retrospectively. Early adoption is permitted. We have not yet selected a transition method and are currently evaluating the impact that ASU 2015-17 will have on our consolidated financial statements. In February 2016, the FASB issued ASU 2016-02, "Leases", which changes the accounting for leases and requires expanded disclosures about leasing activities. This new guidance will require lessees to recognize a right of use asset and a lease liability at the commencement date for all leases with terms greater than twelve months. Accounting by lessors is largely unchanged. ASU 2016-02 is effective for fiscal periods beginning after December 15, 2018 and must be adopted using a modified retrospective approach. Early adoption is permitted. We are currently evaluating the impact that ASU 2016-02 will have on our consolidated financial statements. In March 2016, the FASB issued ASU 2016-09,"Improvements to Employee Share-Based Payment Accounting", which amends ASC 718, "Compensation - Stock Compensation". ASU 2016-09 is intended to simplify several aspects of the accounting for share-based payment transactions, including income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. ASU 2016-09 is effective for fiscal periods beginning after December 15, 2016. Early adoption is permitted. We are currently evaluating the impact that ASU 2016-09 will have on our consolidated financial statements.

Cash and Cash Equivalents and27

Cash and Cash Equivalents and Restricted Cash (Tables)	3 Months Ended
	Mar. 31, 2016
Cash and Cash Equivalents [Abstract]
Schedule of Cash and Cash Equivalents	Cash and cash equivalents were held in the following geographic regions: (In thousands) March 31, 2016 December 31, 2015 United States $ 10,229 $ 8,458 People's Republic of China ("PRC") 29,596 28,681 Asia (excluding the PRC) 5,313 5,346 Europe 8,251 8,093 South America 2,688 2,388 Total cash and cash equivalents $ 56,077 $ 52,966

Accounts Receivable, Net and 28

Accounts Receivable, Net and Revenue Concentrations (Tables)	3 Months Ended
	Mar. 31, 2016
Receivables [Abstract]
Schedule of Accounts Receivable	Accounts receivable, net were as follows: (In thousands) March 31, 2016 December 31, 2015 Trade receivables, gross $ 108,831 $ 119,090 Allowance for doubtful accounts (799 ) (822 ) Allowance for sales returns (424 ) (507 ) Net trade receivables 107,608 117,761 Other 3,384 4,040 Accounts receivable, net $ 110,992 $ 121,801 Allowance for Doubtful Accounts Changes in the allowance for doubtful accounts were as follows: (In thousands) Three Months Ended March 31, 2016 2015 Balance at beginning of period $ 822 $ 616 Additions (reductions) to costs and expenses (40 ) 2 (Write-offs)/Foreign exchange effects 17 (18 ) Balance at end of period $ 799 $ 600
Schedule of Significant Customers to Net Sales	Net sales to the following customers totaled more than 10% of our net sales: Three Months Ended March 31, 2016 2015 $ (thousands) % of Net Sales $ (thousands) % of Net Sales Comcast Corporation $ 39,609 26.3 % $ 15,577 11.7 % DIRECTV 16,819 11.2 17,365 13.1
Schedule of Significant Customers to Accounts Receivable	Trade receivables associated with these significant customers that totaled more than 10% of our accounts receivable, net were as follows: March 31, 2016 December 31, 2015 $ (thousands) % of Net Sales $ (thousands) % of Net Sales Comcast Corporation 27,126 24.4 % 29,404 24.1 % DIRECTV 12,769 11.5 % — (1) — % (1) (1) Trade receivables associated with this customer did not total more than 10% of our accounts receivable, net at December 31, 2015.

Inventories, Net and Signific29

Inventories, Net and Significant Supplier(s) (Tables)	3 Months Ended
	Mar. 31, 2016
Inventory Disclosure [Abstract]
Schedule of Inventories, Net	Inventories, net were as follows: (In thousands) March 31, 2016 December 31, 2015 Raw materials $ 28,051 $ 29,290 Components 13,694 12,228 Work in process 6,350 5,671 Finished goods 72,889 78,222 Reserve for excess and obsolete inventory (3,292 ) (3,045 ) Inventories, net $ 117,692 $ 122,366
Schedule of Reserve for Excess and Obsolete Inventory	Changes in the reserve for excess and obsolete inventory were as follows: (In thousands) Three Months Ended March 31, 2016 2015 Balance at beginning of period $ 3,045 $ 2,539 Additions charged to costs and expenses (1) 693 811 Sell through (2) (211 ) (406 ) Write-offs/Foreign exchange effects (235 ) (407 ) Balance at end of period $ 3,292 $ 2,537 (1) The additions charged to costs and expenses do not include inventory directly written-off that was scrapped during production totaling $63 thousand and $95 thousand for the three months ended March 31, 2016 and 2015 , respectively. These amounts are production waste and are not included in management's reserve for excess and obsolete inventory. (2) These amounts represent the reduction in reserves associated with inventory items that were sold during the period.
Schedule of Related Party Transactions	We purchase certain printed circuit board assemblies from a related party supplier. The supplier is considered a related party for financial reporting purposes because our Senior Vice President of Strategic Operations owns 40% of this vendor. Inventory purchases from this supplier were as follows: Three Months Ended March 31, 2016 2015 $ (thousands) % of Total Inventory Purchases $ (thousands) % of Total Inventory Purchases Related party supplier $ 1,612 2.0 % $ 2,094 2.9 % Total accounts payable to this supplier were as follows: March 31, 2016 December 31, 2015 $ (thousands) % of Accounts Payable $ (thousands) % of Accounts Payable Related party supplier $ 1,638 2.1 % $ 2,361 2.5 %

Goodwill and Intangible Asset30

Goodwill and Intangible Assets, Net (Tables)	3 Months Ended
	Mar. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	Changes in the carrying amount of goodwill were as follows: (In thousands) Balance at December 31, 2015 $ 43,116 Foreign exchange effects 68 Balance at March 31, 2016 $ 43,184
Schedule of Components of Intangible Assets	The components of intangible assets, net were as follows: March 31, 2016 December 31, 2015 (In thousands) Gross (1) Accumulated Amortization (1) Net Gross (1) Accumulated Amortization (1) Net Distribution rights $ 327 $ (107 ) $ 220 $ 312 $ (96 ) $ 216 Patents 11,468 (4,580 ) 6,888 11,425 (4,737 ) 6,688 Trademarks and trade names 2,400 (1,117 ) 1,283 2,401 (1,053 ) 1,348 Developed and core technology 12,585 (2,611 ) 9,974 12,587 (2,144 ) 10,443 Capitalized software development costs 235 (118 ) 117 167 (97 ) 70 Customer relationships 27,697 (14,244 ) 13,453 27,715 (13,554 ) 14,161 Total intangible assets, net $ 54,712 $ (22,777 ) $ 31,935 $ 54,607 $ (21,681 ) $ 32,926 (1) This table excludes the gross value of fully amortized intangible assets totaling $9.4 million and $9.0 million at March 31, 2016 and December 31, 2015 , respectively.
Intangible Assets Amortization Expense	Amortization expense by income statement caption was as follows: Three Months Ended March 31, (In thousands) 2016 2015 Cost of sales $ 21 $ 35 Selling, general and administrative expenses 1,533 1,004 Total amortization expense $ 1,554 $ 1,039
Schedule of Estimated Future Amortization Expense	Estimated future annual amortization expense related to our intangible assets at March 31, 2016 , is as follows: (In thousands) 2016 (remaining 9 months) $ 4,778 2017 6,303 2018 6,250 2019 6,235 2020 5,495 Thereafter 2,874 Total $ 31,935

Accrued Compensation (Tables)

Accrued Compensation (Tables)	3 Months Ended
	Mar. 31, 2016
Payables and Accruals [Abstract]
Components of Accrued Compensation	The components of accrued compensation were as follows: (In thousands) March 31, 2016 December 31, 2015 Accrued social insurance (1) $ 18,893 $ 18,923 Accrued salary/wages 7,143 7,549 Accrued vacation/holiday 2,839 2,227 Accrued bonus (2) 1,454 5,914 Accrued commission 335 1,084 Accrued medical insurance claims 258 218 Other accrued compensation 1,882 1,537 Total accrued compensation $ 32,804 $ 37,452 (1) Effective January 1, 2008, the Chinese Labor Contract Law was enacted in the PRC. This law mandated that PRC employers remit the applicable social insurance payments to their local government. Social insurance is comprised of various components such as pension, medical insurance, job injury insurance, unemployment insurance, and a housing assistance fund, and is administered in a manner similar to social security in the United States. This amount represents our estimate of the amounts due to the PRC government for social insurance on March 31, 2016 and December 31, 2015 . (2) Accrued bonus includes an accrual for an extra month of salary ("13 th month salary") to be paid to employees in certain geographies where it is the customary business practice. This 13 th month salary is paid to these employees if they remain employed with us through December 31st. The total accrued for the 13 th month salary was $0.3 million and $0.7 million at March 31, 2016 and December 31, 2015 , respectively. The components of other accrued expenses were as follows: (In thousands) March 31, 2016 December 31, 2015 Advertising and marketing $ 285 $ 191 Deferred revenue 1,416 1,434 Duties 771 1,318 Freight and handling fees 1,652 1,942 Product development 442 630 Product warranty claim costs 35 35 Professional fees 1,343 1,714 Property, plant, and equipment 665 551 Sales taxes and VAT 1,915 3,170 Short-term contingent consideration (Note 19) 1,214 — Third-party commissions 890 585 Tooling (1) 1,495 1,173 Unrealized loss on foreign currency exchange futures contracts 546 1,164 URC court order (Notes 2 and 10) 4,633 4,629 Utilities 242 278 Other 2,953 2,652 Total other accrued expenses $ 20,497 $ 21,466 (1) The tooling accrual balance relates to unearned revenue for tooling that will be sold to customers.

Other Accrued Expenses (Tables)

Other Accrued Expenses (Tables)	3 Months Ended
	Mar. 31, 2016
Payables and Accruals [Abstract]
Components of Other Accrued Expenses	The components of accrued compensation were as follows: (In thousands) March 31, 2016 December 31, 2015 Accrued social insurance (1) $ 18,893 $ 18,923 Accrued salary/wages 7,143 7,549 Accrued vacation/holiday 2,839 2,227 Accrued bonus (2) 1,454 5,914 Accrued commission 335 1,084 Accrued medical insurance claims 258 218 Other accrued compensation 1,882 1,537 Total accrued compensation $ 32,804 $ 37,452 (1) Effective January 1, 2008, the Chinese Labor Contract Law was enacted in the PRC. This law mandated that PRC employers remit the applicable social insurance payments to their local government. Social insurance is comprised of various components such as pension, medical insurance, job injury insurance, unemployment insurance, and a housing assistance fund, and is administered in a manner similar to social security in the United States. This amount represents our estimate of the amounts due to the PRC government for social insurance on March 31, 2016 and December 31, 2015 . (2) Accrued bonus includes an accrual for an extra month of salary ("13 th month salary") to be paid to employees in certain geographies where it is the customary business practice. This 13 th month salary is paid to these employees if they remain employed with us through December 31st. The total accrued for the 13 th month salary was $0.3 million and $0.7 million at March 31, 2016 and December 31, 2015 , respectively. The components of other accrued expenses were as follows: (In thousands) March 31, 2016 December 31, 2015 Advertising and marketing $ 285 $ 191 Deferred revenue 1,416 1,434 Duties 771 1,318 Freight and handling fees 1,652 1,942 Product development 442 630 Product warranty claim costs 35 35 Professional fees 1,343 1,714 Property, plant, and equipment 665 551 Sales taxes and VAT 1,915 3,170 Short-term contingent consideration (Note 19) 1,214 — Third-party commissions 890 585 Tooling (1) 1,495 1,173 Unrealized loss on foreign currency exchange futures contracts 546 1,164 URC court order (Notes 2 and 10) 4,633 4,629 Utilities 242 278 Other 2,953 2,652 Total other accrued expenses $ 20,497 $ 21,466 (1) The tooling accrual balance relates to unearned revenue for tooling that will be sold to customers.

Commitments and Contingencies (

Commitments and Contingencies (Tables)	3 Months Ended
	Mar. 31, 2016
Commitments and Contingencies Disclosure [Abstract]
Schedule of Changes in Reserve for Product Warranty Claim Costs	Changes in the liability for product warranty claim costs were as follows: (In thousands) Three Months Ended March 31, 2016 2015 Balance at beginning of period $ 35 $ 353 Accruals for warranties issued during the period — — Settlements (in cash or in kind) during the period — (180 ) Balance at end of period $ 35 $ 173

Treasury Stock (Tables)

Treasury Stock (Tables)	3 Months Ended
	Mar. 31, 2016
Equity [Abstract]
Treasury Stock	Repurchased shares of our common stock were as follows: Three Months Ended March 31, (In thousands, except share data) 2016 2015 Shares repurchased 32,934 69,460 Cost of shares repurchased $ 1,724 $ 4,021

Business Segment and Foreign 35

Business Segment and Foreign Operations (Tables)	3 Months Ended
	Mar. 31, 2016
Segment Reporting [Abstract]
Schedule of Net Sales to External Customers by Geographic Area	Our net sales to external customers by geographic area were as follows: Three Months Ended March 31, (In thousands) 2016 2015 United States $ 83,938 $ 54,759 Asia (excluding PRC) 21,573 31,020 People's Republic of China 16,926 15,836 Europe 15,783 15,022 Latin America 7,555 10,522 Other 4,883 5,546 Total net sales $ 150,658 $ 132,705
Schedule of Long-lived Assets	Long-lived tangible assets by geographic area were as follows: (In thousands) March 31, 2016 December 31, 2015 United States $ 7,524 $ 7,015 People's Republic of China 86,419 83,794 All other countries 4,927 4,571 Total long-lived tangible assets $ 98,870 $ 95,380

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	3 Months Ended
	Mar. 31, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of Stock-based Compensation Expense	Stock-based compensation expense by income statement caption and the related income tax benefit were as follows: Three Months Ended March 31, (In thousands) 2016 2015 Cost of sales $ 14 $ 9 Research and development expenses 136 105 Selling, general and administrative expenses: Employees 1,845 1,471 Outside directors 498 374 Total stock-based compensation expense $ 2,493 $ 1,959 Income tax benefit $ 733 $ 560
Schedule of Stock Option Activity	Stock option activity was as follows: Number of Options (in 000's) Weighted-Average Exercise Price Weighted-Average Remaining Contractual Term (in years) Aggregate Intrinsic Value (in 000's) Outstanding at December 31, 2015 648 $ 30.50 Granted 244 49.67 Exercised (77 ) 25.25 $ 2,415 Forfeited/canceled/expired — — Outstanding at March 31, 2016 (1) 815 $ 36.72 5.36 $ 20,847 Vested and expected to vest at March 31, 2016 (1) 814 $ 36.72 5.36 $ 20,840 Exercisable at March 31, 2016 (1) 469 $ 27.15 4.57 $ 16,422 (1) The aggregate intrinsic value represents the total pre-tax value (the difference between our closing stock price on the last trading day of the first quarter of 2016 and the exercise price, multiplied by the number of in-the-money options) that would have been received by the option holders had they all exercised their options on March 31, 2016 . This amount will change based on the fair market value of our stock.
Schedule of Black Scholes Assumptions	The assumptions we utilized in the Black-Scholes option pricing model and the resulting weighted average fair value of stock option grants were the following: Three Months Ended March 31, 2016 2015 Weighted average fair value of grants $ 17.96 $ 24.77 Risk-free interest rate 1.36 % 1.38 % Expected volatility 41.38 % 43.50 % Expected life in years 4.55 4.56
Schedule of Non-vested Restricted Stock Awards Activity	Non-vested restricted stock award activity was as follows: Shares (in 000's) Weighted-Average Grant Date Fair Value Non-vested at December 31, 2015 225 $ 51.31 Granted 37 51.39 Vested (28 ) 45.92 Forfeited (2 ) 55.85 Non-vested at March 31, 2016 232 $ 51.95

Performance-Based Common Stoc37

Performance-Based Common Stock Warrants (Tables)	3 Months Ended
	Mar. 31, 2016
Equity [Abstract]
Schedule of 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
Schedule of fair value assumptions used	The fair value of the warrants is determined using the Black-Scholes option pricing model. The assumptions we utilized and the resulting fair value of the warrants were the following: Three Months Ended March 31, 2016 Fair value $29.86 Risk-free interest rate 1.50% Expected volatility 41.49% Expected life in years 6.75

Other Income (Expense), Net (Ta

Other Income (Expense), Net (Tables)	3 Months Ended
	Mar. 31, 2016
Other Income and Expenses [Abstract]
Schedule of Components of Other Income (Expense), Net	Other income (expense), net consisted of the following: Three Months Ended March 31, (In thousands) 2016 2015 Net gain (loss) on foreign currency exchange contracts (1) $ (199 ) $ 1,034 Net gain (loss) on foreign currency exchange transactions 911 (854 ) Other income (expense) 8 50 Other income (expense), net $ 720 $ 230 (1) This represents the gains (losses) incurred on foreign currency hedging derivatives (see Note 18 for further details).

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2016
Earnings Per Share [Abstract]
Schedule of Basic and Diluted Earnings Per Share	Earnings per share was calculated as follows: Three Months Ended March 31, (In thousands, except per-share amounts) 2016 2015 BASIC Net income attributable to Universal Electronics Inc. $ 2,721 $ 5,189 Weighted-average common shares outstanding 14,373 15,907 Basic earnings per share attributable to Universal Electronics Inc. $ 0.19 $ 0.33 DILUTED Net income attributable to Universal Electronics Inc. $ 2,721 $ 5,189 Weighted-average common shares outstanding for basic 14,373 15,907 Dilutive effect of stock options and restricted stock 264 336 Weighted-average common shares outstanding on a diluted basis 14,637 16,243 Diluted earnings per share attributable to Universal Electronics Inc. $ 0.19 $ 0.32
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share	The number of stock options and shares of restricted stock excluded from the computation of diluted earnings per common share were as follows: Three Months Ended March 31, (In thousands) 2016 2015 Stock options 256 40 Restricted stock awards 20 16

Stockholders' Equity and Nonc40

Stockholders' Equity and Noncontrolling Interest (Tables)	3 Months Ended
	Mar. 31, 2016
Equity [Abstract]
Schedule of Stockholders' Equity	A reconciliation of common stock outstanding, treasury stock and the total carrying amount of Universal Electronics Inc. stockholders’ equity, stockholders’ equity attributable to noncontrolling interest and total stockholders' equity for the three months ended March 31, 2016 is as follows: Shares Stockholders' Equity (In thousands) Common Stock Treasury Stock Universal Electronics Inc. Stockholders' Equity Noncontrolling Interest Total Balance at December 31, 2015 23,176 (8,825 ) $ 257,609 $ 299 $ 257,908 Net income 2,721 22 2,743 Currency translation adjustment 1,368 1,368 Shares issued for employee benefit plan and compensation 26 345 345 Purchase of treasury shares (33 ) (1,724 ) (1,724 ) Stock options exercised 77 1,935 1,935 Shares issued to Directors 8 — — Employee and director stock-based compensation 2,493 2,493 Tax benefit from exercise of non-qualified stock options and vested restricted stock 616 616 Performance-based warrant stock-based compensation 866 866 Balance at March 31, 2016 23,287 (8,858 ) $ 266,229 $ 321 $ 266,550

Derivatives (Tables)

Derivatives (Tables)	3 Months Ended
	Mar. 31, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivatives at Fair Value on a Recurring Basis	The following table sets forth the total net fair value of derivatives: March 31, 2016 December 31, 2015 Fair Value Measurement Using Total Fair Value Measurement Using Total (In thousands) (Level 1) (Level 2) (Level 3) Balance (Level 1) (Level 2) (Level 3) Balance Foreign currency exchange futures contracts $ — $ 202 $ — $ 202 $ — $ (1,146 ) $ — $ (1,146 )
Schedule of Futures Contracts	Details of futures contracts held were as follows: Date Held Type Position Held Notional Value (in millions) Forward Rate Unrealized Gain/(Loss) Recorded at Balance Sheet Date (in thousands) (1) Settlement Date March 31, 2016 USD/Euro USD $ 14.0 1.1201 $ (240 ) April 22, 2016 March 31, 2016 USD/Chinese Yuan Renminbi Chinese Yuan Renminbi $ 20.0 6.7391 $ 748 July 15, 2016 March 31, 2016 USD/Brazilian Real USD $ 2.0 4.1570 $ (306 ) April 15, 2016 December 31, 2015 USD/Euro USD $ 7.0 1.0864 $ (7 ) January 22, 2016 December 31, 2015 USD/Chinese Yuan Renminbi Chinese Yuan Renminbi $ 22.5 6.2565 $ (1,100 ) January 15, 2016 December 31, 2015 USD/Brazilian Real Brazilian Real $ 1.0 3.7461 $ (57 ) January 15, 2016 December 31, 2015 USD/Brazilian Real USD $ 3.0 3.9503 $ 18 January 15, 2016 (1) Gains on futures contracts are recorded in prepaid expenses and other current assets. Losses on futures contracts are recorded in other accrued expenses.

Business Combination (Tables)

Business Combination (Tables)	3 Months Ended
	Mar. 31, 2016
Business Combinations [Abstract]
Schedule of Purchase Price Allocation	Using the acquisition method of accounting, the acquisition date fair value of the consideration transferred was allocated to the net tangible and intangible assets acquired and liabilities assumed based on their estimated fair values on the acquisition date. The excess of the purchase price over the fair value of net assets acquired is recorded as goodwill. The goodwill is expected to be deductible for income tax purposes. Management's purchase price allocation was the following: (in thousands) Estimated Lives Fair Value Cash and cash equivalents $ 685 Accounts receivable 374 Inventories 1,412 Prepaid expenses and other current assets 253 Property, plant and equipment 1-4 years 16 Non-interest bearing liabilities (1,557 ) Net tangible assets acquired 1,183 Trade name 7 years 400 Developed technology 4-14 years 9,080 Customer relationships 5 years 1,300 Goodwill 12,564 Total purchase price 24,527 Noncontrolling interest (378 ) Net purchase price 24,149 Less: Contingent consideration (11,200 ) Cash paid $ 12,949
Pro Forma Information	The following unaudited pro forma financial information presents the combined results of our operations and the operations of Ecolink as if this transaction had occurred on January 1, 2014. This unaudited pro forma financial information is not intended to represent or be indicative of the consolidated results of operations that would have been achieved had the acquisition actually been completed as of January 1, 2014, and should not be taken as a projection of the future consolidated results of our operations. Three Months Ended March 31, (In thousands, except per-share amounts) 2016 2015 Net sales $ 150,658 $ 134,211 Net income $ 2,789 $ 5,032 Net income attributable to Universal Electronics Inc. $ 2,758 $ 5,007 Basic earnings per share attributable to Universal Electronics Inc. $ 0.19 $ 0.31 Diluted earnings per share attributable to Universal Electronics Inc. $ 0.19 $ 0.31

Cash and Cash Equivalents and43

Cash and Cash Equivalents and Restricted Cash - Geographic Information (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015	Sep. 04, 2015	Mar. 31, 2015	Dec. 31, 2014
Cash and Cash Equivalents [Line Items]
Cash and cash equivalents	$ 56,077	$ 52,966		$ 97,102	$ 112,521
Restricted Cash [Abstract]
Restricted cash	4,623	4,623
United States [Member]
Cash and Cash Equivalents [Line Items]
Cash and cash equivalents	10,229	8,458
CHINA
Cash and Cash Equivalents [Line Items]
Cash and cash equivalents	29,596	28,681
Asia [Member]
Cash and Cash Equivalents [Line Items]
Cash and cash equivalents	5,313	5,346
Europe [Member]
Cash and Cash Equivalents [Line Items]
Cash and cash equivalents	8,251	8,093
South America [Member]
Cash and Cash Equivalents [Line Items]
Cash and cash equivalents	2,688	$ 2,388
Surety Bond [Member]
Restricted Cash [Abstract]
Restricted cash	$ 4,600		$ 4,600

Accounts Receivable, Net and 44

Accounts Receivable, Net and Revenue Concentrations (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015	Mar. 31, 2015	Dec. 31, 2014
Accounts Receivable, Net, Current [Abstract]
Trade receivables, gross	$ 108,831	$ 119,090
Allowance for doubtful accounts	(799)	(822)	$ (600)	$ (616)
Allowance for sales returns	(424)	(507)
Net trade receivables	107,608	117,761
Other	3,384	4,040
Accounts receivable, net	$ 110,992	$ 121,801

Accounts Receivable, Net and 45

Accounts Receivable, Net and Revenue Concentrations - Allowance for Doubtful Accounts (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Schedule of Allowance for Doubtful Accounts
Balance at beginning of period	$ 822	$ 616
Additions (reductions) to costs and expenses	(40)	2
(Write-offs)/Foreign exchange effects	17	(18)
Balance at end of period	$ 799	$ 600

Accounts Receivable, Net and 46

Accounts Receivable, Net and Revenue Concentrations - Sales Returns (Details) - USD ($) $ in Millions	Mar. 31, 2016	Dec. 31, 2015
Receivables [Abstract]
Allowance for sales return	$ 0.3	$ 0.3

Accounts Receivable, Net and 47

Accounts Receivable, Net and Revenue Concentrations - Significant Customers (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Revenue and Accounts Receivable, Major Customer [Line Items]
Net sales	$ 150,658	$ 132,705
Accounts receivable, net	110,992		$ 121,801
Sales [Member] | Comcast Corporation [Member]
Revenue and Accounts Receivable, Major Customer [Line Items]
Net sales	$ 39,609	$ 15,577
Concentration risk	26.30%	11.70%
Sales [Member] | DIRECTV [Member]
Revenue and Accounts Receivable, Major Customer [Line Items]
Net sales	$ 16,819	$ 17,365
Concentration risk	11.20%	13.10%
Trade Accounts Receivable [Member] | Comcast Corporation [Member]
Revenue and Accounts Receivable, Major Customer [Line Items]
Concentration risk	24.40%		24.10%
Accounts receivable, net	$ 27,126		$ 29,404
Trade Accounts Receivable [Member] | DIRECTV [Member]
Revenue and Accounts Receivable, Major Customer [Line Items]
Concentration risk	11.50%		0.00%	[1]
Accounts receivable, net	$ 12,769		$ 0	[1]
[1]	(1) Trade receivables associated with this customer did not total more than 10% of our accounts receivable, net at December 31, 2015.

Inventories, Net and Signific48

Inventories, Net and Significant Supplier(s) (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015	Mar. 31, 2015	Dec. 31, 2014
Inventory Disclosure [Abstract]
Raw materials	$ 28,051	$ 29,290
Components	13,694	12,228
Work in process	6,350	5,671
Finished goods	72,889	78,222
Reserve for excess and obsolete inventory	(3,292)	(3,045)	$ (2,537)	$ (2,539)
Inventories, net	$ 117,692	$ 122,366

Inventories, Net and Signific49

Inventories, Net and Significant Supplier(s) - Inventory Reserve(s) (Details) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2016	Mar. 31, 2015
Schedule of Reserve for Excess and Obsolete Inventory
Balance at Beginning of Period		$ 3,045	$ 2,539
Additions Charged to Costs and Expenses	[1]	693	811
Sell Through	[2]	(211)	(406)
Write-offs/FX Effects		(235)	(407)
Balance at End of Period		3,292	2,537
Inventory Scrapped During Production		$ 63	$ 95
[1]	The additions charged to costs and expenses do not include inventory directly written-off that was scrapped during production totaling $63 thousand and $95 thousand for the three months ended March 31, 2016 and 2015, respectively. These amounts are production waste and are not included in management's reserve for excess and obsolete inventory.
[2]	These amounts represent the reduction in reserves associated with inventory items that were sold during the period.

Inventories, Net And Signific50

Inventories, Net And Significant Supplier(s) - Purchases from Significant Supplier(s) (Details) - Cost of Goods, Total [Member] - Supplier Concentration Risk [Member] - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Texas Instrument [Member]
Concentration Risk [Line Items]
Inventory Purchases	$ 8.5
Concentration risk	10.80%
Victory Chemical [Member]
Concentration Risk [Line Items]
Inventory Purchases		$ 8.2
Concentration risk		11.20%

Inventories, Net and Signific51

Inventories, Net and Significant Supplier(s) - Related Party Supplier (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Executive Vice President [Member]
Related Party Transaction
Ownership Percentage in Third Party by Executive	40.00%
Affiliated Entity [Member] | Supplier Concentration Risk [Member] | Cost of Goods, Total [Member]
Related Party Transaction
Related Party Purchases	$ 1,612	$ 2,094
Concentration Risk	2.00%	2.90%
Affiliated Entity [Member] | Supplier Concentration Risk [Member] | Accounts Payable [Member]
Related Party Transaction
Concentration Risk	2.10%		2.50%
Related Parties, Accounts Payable	$ 1,638		$ 2,361

Goodwill and Intangible Asset52

Goodwill and Intangible Assets, Net - Goodwill (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2016USD ($)
Goodwill [Roll Forward]
Balance at the beginning of the period	$ 43,116
Foreign exchange effects	68
Balance at the end of the period	$ 43,184

Goodwill and Intangible Asset53

Goodwill and Intangible Assets, Net - Finite-Lived Intangibles (Details) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Finite-Lived Intangible Assets, Net [Abstract]
Gross	[1]	$ 54,712		$ 54,607
Accumulated Amortization	[1]	(22,777)		(21,681)
Intangible assets, net		31,935		32,926
Finite-lived intangible assets, fully amortized, gross		9,400		9,000
Amortization expense		1,554	$ 1,039
Cost of sales
Finite-Lived Intangible Assets, Net [Abstract]
Amortization expense		21	35
Selling, general and administrative expenses
Finite-Lived Intangible Assets, Net [Abstract]
Amortization expense		1,533	$ 1,004
Distribution rights
Finite-Lived Intangible Assets, Net [Abstract]
Gross	[1]	327		312
Accumulated Amortization	[1]	(107)		(96)
Intangible assets, net		220		216
Patents
Finite-Lived Intangible Assets, Net [Abstract]
Gross	[1]	11,468		11,425
Accumulated Amortization	[1]	(4,580)		(4,737)
Intangible assets, net		6,888		6,688
Trademarks and trade names
Finite-Lived Intangible Assets, Net [Abstract]
Gross	[1]	2,400		2,401
Accumulated Amortization	[1]	(1,117)		(1,053)
Intangible assets, net		1,283		1,348
Developed technology and core technology
Finite-Lived Intangible Assets, Net [Abstract]
Gross	[1]	12,585		12,587
Accumulated Amortization	[1]	(2,611)		(2,144)
Intangible assets, net		9,974		10,443
Capitalized software development costs
Finite-Lived Intangible Assets, Net [Abstract]
Gross	[1]	235		167
Accumulated Amortization	[1]	(118)		(97)
Intangible assets, net		117		70
Customer relationships
Finite-Lived Intangible Assets, Net [Abstract]
Gross	[1]	27,697		27,715
Accumulated Amortization	[1]	(14,244)		(13,554)
Intangible assets, net		$ 13,453		$ 14,161
[1]	This table excludes the gross value of fully amortized intangible assets totaling $9.4 million and $9.0 million at March 31, 2016 and December 31, 2015, respectively.

Goodwill and Intangible Asset54

Goodwill and Intangible Assets, Net - Future Amortization Expense (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Schedule of Estimated Future Amortization expense
2016 (remaining 9 months)	$ 4,778
2,017	6,303
2,018	6,250
2,019	6,235
2,020	5,495
Thereafter	2,874
Intangible assets, net	$ 31,935	$ 32,926

Line of Credit (Details)

Line of Credit (Details) - USD ($)	Oct. 09, 2014	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015	Nov. 10, 2015	Sep. 03, 2015
Line of Credit Facility [Line Items]
Short-term Debt		$ 57,987,000		$ 50,000,000
Interest Expense, Short-term Borrowings		$ 300,000	$ 0
Line of Credit [Member]
Line of Credit Facility [Line Items]
Maximum borrowing capacity	$ 55,000,000				$ 85,000,000	$ 65,000,000
Line of Credit [Member] | US Bank [Member]
Line of Credit Facility [Line Items]
Effective interest rate		1.69%
Line of Credit [Member] | US Bank [Member] | London Interbank Offered Rate (LIBOR) [Member] | Minimum
Line of Credit Facility [Line Items]
Basis spread on variable rate	1.25%
Line of Credit [Member] | US Bank [Member] | London Interbank Offered Rate (LIBOR) [Member] | Maximum
Line of Credit Facility [Line Items]
Basis spread on variable rate	1.75%
Line of Credit [Member] | US Bank [Member] | Base Rate [Member] | Minimum
Line of Credit Facility [Line Items]
Basis spread on variable rate	0.00%
Line of Credit [Member] | US Bank [Member] | Base Rate [Member] | Maximum
Line of Credit Facility [Line Items]
Basis spread on variable rate	0.50%
Line of Credit [Member] | US Bank [Member] | Enson [Member]
Line of Credit Facility [Line Items]
Subsidiary ownership percentage securing facility	65.00%
Letter of Credit [Member]
Line of Credit Facility [Line Items]
Letter of credit outstanding amount		$ 13,000

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Income Tax Disclosure [Abstract]
Income tax expense (benefit)	$ 751	$ 1,254
Effective tax rate	21.50%	19.50%
Unrecognized tax benefits	$ 3,700
Unrecognized tax benefits that would impact effective rate	3,300
Decrease in unrecognized tax benefits is reasonably possible in next 12 months	100
Accrued interest and penalties	$ 200		$ 200
China
Income Taxes [Line Items]
Income Tax Credits and Adjustments		$ 300

Accrued Compensation (Details)

Accrued Compensation (Details) - USD ($) $ in Thousands		Mar. 31, 2016	Dec. 31, 2015
Components of Accrued Compensation
Accrued social insurance	[1]	$ 18,893	$ 18,923
Accrued salary/wages		7,143	7,549
Accrued vacation/holiday		2,839	2,227
Accrued bonus	[2]	1,454	5,914
Accrued commission		335	1,084
Accrued medical insurance claims		258	218
Other accrued compensation		1,882	1,537
Total accrued compensation		32,804	37,452
Accrued salaries - 13th month salaries		$ 300	$ 700
[1]	Effective January 1, 2008, the Chinese Labor Contract Law was enacted in the PRC. This law mandated that PRC employers remit the applicable social insurance payments to their local government. Social insurance is comprised of various components such as pension, medical insurance, job injury insurance, unemployment insurance, and a housing assistance fund, and is administered in a manner similar to social security in the United States. This amount represents our estimate of the amounts due to the PRC government for social insurance on March 31, 2016 and December 31, 2015.
[2]	Accrued bonus includes an accrual for an extra month of salary ("13th month salary") to be paid to employees in certain geographies where it is the customary business practice. This 13th month salary is paid to these employees if they remain employed with us through December 31st. The total accrued for the 13th month salary was $0.3 million and $0.7 million at March 31, 2016 and December 31, 2015, respectively.

Other Accrued Expenses (Details

Other Accrued Expenses (Details) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015	Dec. 31, 2014
Payables and Accruals [Abstract]
Advertising and marketing		$ 285		$ 191
Deferred revenue		1,416		1,434
Duties		771		1,318
Freight and handling fees		1,652		1,942
Product development		442		630
Product warranty accrual		35	$ 173	35	$ 353
Professional fees		1,343		1,714
Property, plant and equipment		665		551
Sales taxes and VAT		1,915		3,170
Short-term contingent considerations		1,214		0
Third-party commissions		890		585
Tooling	[1]	1,495		1,173
Unrealized loss on foreign currency exchange futures contracts		546		1,164
URC court order		4,633		4,629
Utilities		242		278
Other		2,953		2,652
Total other accrued expenses		20,497		$ 21,466
Related Party Fees Paid | JAP Techno Solutions
Related Party Transaction
Total fees paid		$ 0	$ 26
[1]	The tooling accrual balance relates to unearned revenue for tooling that will be sold to customers.

Commitments and Contingencies -

Commitments and Contingencies - Warranty (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Schedule of Changes in Reserve for Product Warranty Claim Costs
Balance at beginning of period	$ 35	$ 353
Accruals for warranties issued during the period	0	0
Settlements (in cash or in kind) during the period	0	(180)
Balance at end of period	$ 35	$ 173

Commitments and Contingencies C

Commitments and Contingencies Commitments and Contingencies - Restructuring Activities (Details) - Manufacturing Activities Transition [Member] $ in Millions	3 Months Ended
	Mar. 31, 2016USD ($)
Restructuring Cost and Reserve [Line Items]
Additional restructuring expenses expected to be incurred	$ 8
Employee Severance [Member] | Accrued Compensation [Member]
Restructuring Cost and Reserve [Line Items]
Unpaid severance costs	0.2
Employee Severance [Member] | Selling, general and administrative expenses
Restructuring Cost and Reserve [Line Items]
Restructuring expenses	$ 1.4

Commitments and Contingencies61

Commitments and Contingencies - Gain and Loss Contingencies (Details) $ in Thousands	Sep. 04, 2015USD ($)	Jun. 10, 2015subsidiarypatentcustomer	Jun. 28, 2013patent	Mar. 02, 2012patent	Jan. 31, 2016claimpatent	Sep. 30, 2015patent	Mar. 31, 2016USD ($)	Dec. 31, 2015USD ($)
Contingencies [Line Items]
URC court order | $							$ 4,633	$ 4,629
Restricted cash | $							4,623	$ 4,623
Patent Lawsuit Against Universal Remote Control [Member]
Contingencies [Line Items]
Court order amount | $	$ 4,600
Patent Lawsuit Against Universal Remote Control [Member] | Pending Litigation [Member]
Contingencies [Line Items]
Gain contingency, patents allegedly infringed upon, number | patent			10	4
Patent Lawsuit Against Universal Remote Control [Member] | All Claims Denied for Review by USPTAB [Member]
Contingencies [Line Items]
Gain contingency, patents found valid, number | claim					4
Patent Lawsuit Against Universal Remote Control [Member] | All Claims Accepted for Review by USPTAB [Member]
Contingencies [Line Items]
Gain contingency, patents allegedly infringed upon, number | patent					6
Patent Lawsuit Against UEBV and Telenet [Member] | Pending Litigation [Member]
Contingencies [Line Items]
Loss Contingency, Number of Subsidiaries Named in Lawsuit | subsidiary		1
Loss Contingency, Number of Customers Named in Lawsuit | customer		1
Patent Lawsuit Against UEBV and Telenet [Member] | Pending Litigation [Member] | Design Patents [Member]
Contingencies [Line Items]
Loss Contingency, Patents Allegedly Infringed, Number | patent		2
Patent Lawsuit Against UEBV and Telenet [Member] | Pending Litigation [Member] | Utility Patent [Member]
Contingencies [Line Items]
Loss Contingency, Patents Allegedly Infringed, Number | patent		1				1
Surety Bond [Member]
Contingencies [Line Items]
Restricted cash | $	$ 4,600						$ 4,600

Treasury Stock (Details)

Treasury Stock (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Equity [Abstract]
Shares available for repurchase (in shares)	375,000
Shares repurchased (in shares)	32,934	69,460
Cost of shares repurchased	$ 1,724	$ 4,021

Business Segment and Foreign 63

Business Segment and Foreign Operations (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Schedule of Revenues from Geographical Segments [Line Items]
Total net sales	$ 150,658	$ 132,705
United States [Member]
Schedule of Revenues from Geographical Segments [Line Items]
Total net sales	83,938	54,759
Asia (excluding PRC) [Member]
Schedule of Revenues from Geographical Segments [Line Items]
Total net sales	21,573	31,020
People's Republic of China [Member]
Schedule of Revenues from Geographical Segments [Line Items]
Total net sales	16,926	15,836
Europe [Member]
Schedule of Revenues from Geographical Segments [Line Items]
Total net sales	15,783	15,022
Latin America [Member]
Schedule of Revenues from Geographical Segments [Line Items]
Total net sales	7,555	10,522
All Other Countries [Member]
Schedule of Revenues from Geographical Segments [Line Items]
Total net sales	$ 4,883	$ 5,546

Business Segment and Foreign 64

Business Segment and Foreign Operations - Long-lived Assets (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Long-lived Assets from External Customers and Long-Lived Assets [Line Items]
Long-lived tangible assets	$ 98,870	$ 95,380
United States [Member]
Long-lived Assets from External Customers and Long-Lived Assets [Line Items]
Long-lived tangible assets	7,524	7,015
People's Republic of China [Member]
Long-lived Assets from External Customers and Long-Lived Assets [Line Items]
Long-lived tangible assets	86,419	83,794
All Other Countries [Member]
Long-lived Assets from External Customers and Long-Lived Assets [Line Items]
Long-lived tangible assets	$ 4,927	$ 4,571

Stock-Based Compensation - Expe

Stock-Based Compensation - Expense (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation	$ 2,493	$ 1,959
Income tax benefit	733	560
Cost of sales
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation	14	9
Research and development expenses [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation	136	105
Employees [Member] | Selling, general and administrative expenses
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation	1,845	1,471
Outside Directors [Member] | Selling, general and administrative expenses
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation	$ 498	$ 374

Stock-Based Compensation - Opti

Stock-Based Compensation - Option Activity (Details) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2016USD ($)$ / sharesshares
Number of Options
Outstanding at December 31, 2015 | shares	648
Granted | shares	244
Exercised | shares	(77)
Forfeited/canceled/expired | shares	0
Outstanding at March 31, 2016 | shares	815
Vested and expected to vest at March 31, 2016 | shares	814
Exercisable on September 30, 2015 | shares	469
Weighted-Average Exercise Price
Outstanding at December 31, 2015 | $ / shares	$ 30.50
Granted | $ / shares	49.67
Exercised | $ / shares	25.25
Forfeited/canceled/expired | $ / shares	0
Outstanding at March 31, 2016 | $ / shares	36.72
Vested and expected to vest at March 31, 2016 | $ / shares	36.72
Exercisable on March 31, 2016 | $ / shares	$ 27.15
Weighted-Average Remaining Contractual Term and Aggregate Intrinsic Value
Outstanding at December 31, 2015	5 years 4 months 9 days
Vested and expected to vest at March 31, 2016	5 years 4 months 9 days
Exercisable on March 31, 2016	4 years 6 months 25 days
Exercised | $	$ 2,415
Outstanding at March 31, 2016 | $	20,847	[1]
Vested and expected to vest at March 31, 2016 | $	20,840	[1]
Exercisable on March 31, 2016 | $	$ 16,422	[1]
[1]	The aggregate intrinsic value represents the total pre-tax value (the difference between our closing stock price on the last trading day of the first quarter of 2016 and the exercise price, multiplied by the number of in-the-money options) that would have been received by the option holders had they all exercised their options on March 31, 2016. This amount will change based on the fair market value of our stock.

Stock-Based Compensation - Valu

Stock-Based Compensation - Valuation Assumptions (Details) - $ / shares		3 Months Ended
		Mar. 31, 2016	Mar. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Weighted average fair value of grants	[1]	$ 17.96	$ 24.77
Risk-free interest rate		1.36%	1.38%
Expected volatility		41.38%	43.50%
Expected life in years		4 years 6 months 17 days	4 years 6 months 21 days
[1]	{F|ahBzfndlYmZpbGluZ3MtaHJkcmoLEgZYTUxEb2MiXlhCUkxEb2NHZW5JbmZvOjdkODg3YWQ0YTViMjQ5YTM5MmI0MzEyODIxYjA4MGM4fFRleHRTZWxlY3Rpb246QTQwQUZFQkQzMjdENUYwRkFFMzJGMDBDNTc5NTVFQjMM}

Stock-based Compensation (Detai

Stock-based Compensation (Details) $ in Millions	3 Months Ended
	Mar. 31, 2016USD ($)
Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total Compensation Cost Not yet Recognized	$ 5.9
Total Compensation Cost Not yet Recognized, Period for Recognition	2 years 6 months
Non-vested restricted stock award [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total Compensation Cost Not yet Recognized	$ 10.6
Total Compensation Cost Not yet Recognized, Period for Recognition	2 years 1 month 6 days

Stock-Based Compensation - Rest

Stock-Based Compensation - Restricted Stock Activity (Details) shares in Thousands	3 Months Ended
	Mar. 31, 2016$ / sharesshares
Number of Non-vested Restricted Stock
Non-vested at beginning of period | shares	225
Shares Granted | shares	37
Shares Vested | shares	(28)
Shares Forfeited | shares	(2)
Non-vested at end of period | shares	232
Weighted-Average Grant Date Fair Value
Weighted-Average Grant Date Fair Value Non-vested at beginning of period | $ / shares	$ 51.31
Weighted-Average Grant Date Fair Value Granted | $ / shares	51.39
Weighted-Average Grant Date Fair Value Vested | $ / shares	45.92
Weighted-Average Grant Date Fair Value Forfeited | $ / shares	55.85
Weighted-Average Grant Date Fair Value Non-vested at end of period | $ / shares	$ 51.95

Performance-Based Common Stoc70

Performance-Based Common Stock Warrants - Additional Disclosures (Details) - Common Stock Purchase Warrant [Member]	Mar. 09, 2016USD ($)vesting_period$ / sharesshares	Mar. 31, 2016USD ($)shares
Class of Warrant or Right [Line Items]
Number of shares called by warrants | shares	725,000
Exercise price of warrants (in dollars per share) | $ / shares	$ 54.55
Number of vesting periods | vesting_period	3
Term of successive voting periods (in years)	2 years
Vesting period one (in years)	2 years
Total vesting period (in years)	6 years
Warrants vested (in shares) | shares		0
Reduction to net sales		$ 900,000
Unrecognized fair value of unvested warrants		$ 20,800,000
Supply Threshold [Member]
Class of Warrant or Right [Line Items]
Supply threshold level one, amount	$ 260,000,000
Supply threshold level three, amount	340,000,000
Supply threshold, amount	$ 1,020,000,000

Performance-Based Common Stoc71

Performance-Based Common Stock Warrants - Purchase Level and Number of Warrants to Vest (Details) - Supply Threshold [Member] - Common Stock Purchase Warrant [Member]	Mar. 09, 2016USD ($)shares
Class of Warrant or Right [Line Items]
Supply threshold level one, amount | $	$ 260,000,000
Supply threshold level two, amount | $	300,000,000
Supply threshold level three, amount | $	$ 340,000,000
Incremental warrants that will vest, vesting period one, supply threshold level one	100,000,000
Incremental warrants that will vest, vesting period one, supply threshold level two	75,000,000
Incremental warrants that will vest, vesting period one, supply threshold level three	75,000,000
Maximum potential warrants that will vest, vesting period one	250,000,000
Incremental warrants that will vest, vesting period two, supply threshold level one	100,000,000
Incremental warrants that will vest, vesting period two, supply threshold level two	75,000,000
Incremental warrants that will vest, vesting period two, supply threshold level three	75,000,000
Maximum potential warrants that will vest, vesting period two	250,000,000
Incremental warrants that will vest, vesting period three, supply threshold level one	75,000,000
Incremental warrants that will vest, vesting period three, supply threshold level two	75,000,000
Incremental warrants that will vest, vesting period three, supply threshold level three	75,000,000
Maximum potential warrants that will vest, vesting period three	225,000,000

Performance-Based Common Stoc72

Performance-Based Common Stock Warrants Performance-Based Common Stock Warrants - Fair Value Assumptions (Details) - Common Stock Purchase Warrant [Member]	3 Months Ended
	Mar. 31, 2016$ / shares
Class of Warrant or Right [Line Items]
Fair value (in dollars per share)	$ 29.86
Risk-free interest rate	1.50%
Expected volatility	41.49%
Expected life in years	6 years 9 months

Other Income (Expense), Net (De

Other Income (Expense), Net (Details) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2016	Mar. 31, 2015
Other Income and Expenses [Abstract]
Net gain (loss) on foreign currency exchange contracts	[1]	$ (199)	$ 1,034
Net gain (loss) on foreign currency exchange transactions		911	(854)
Other income (expense)		8	50
Other income (expense), net		$ 720	$ 230
[1]	This represents the gains (losses) incurred on foreign currency hedging derivatives (see Note 18 for further details).

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
BASIC
Net income attributable to Universal Electronics Inc.	$ 2,721	$ 5,189
Weighted-average common shares outstanding	14,373	15,907
Basic earnings per share attributable to Universal Electronics Inc. (in dollars per share)	$ 0.19	$ 0.33
DILUTED
Net income attributable to Universal Electronics Inc.	$ 2,721	$ 5,189
Weighted-average common shares outstanding	14,373	15,907
Dilutive effect of stock options and restricted stock (in shares)	264	336
Weighted-average common shares outstanding on a diluted basis (in shares)	14,637	16,243
Diluted earnings per share attributable to Universal Electronics Inc. (in dollars per share)	$ 0.19	$ 0.32

Earnings Per Share - Antidiluti

Earnings Per Share - Antidilutive Shares (Details) - shares shares in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Stock options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Stock options and restricted stock excluded in computation of diluted earning per share	256	40
Restricted stock awards
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Stock options and restricted stock excluded in computation of diluted earning per share	20	16

Stockholders' Equity and Nonc76

Stockholders' Equity and Noncontrolling Interest (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	$ 257,908
Net income	2,743	$ 5,189
Currency translation adjustment	1,368	$ (4,258)
Shares issued for employee benefit plan and compensation	$ 345
Purchase of treasury shares (in shares)	(32,934)	(69,460)
Purchase of treasury shares	$ (1,724)	$ (4,021)
Stock options exercised (in shares)	77,000
Stock options exercised	$ 1,935
Shares issued to Directors	0
Employee and director stock-based compensation	2,493
Tax benefit from exercise of non-qualified stock options and vested restricted stock	616
Comcast warrant expense	866
Ending balance	$ 266,550
Common Stock
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance, shares	23,176,000
Shares issued for employee benefit plan and compensation (in shares)	26,000
Stock options exercised (in shares)	77,000
Shares issued to Directors (in shares)	8,000
Ending balance, shares	23,287,000
Treasury Stock
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance, shares	(8,825,000)
Purchase of treasury shares (in shares)	(33,000)
Ending balance, shares	(8,858,000)
Universal Electronics Inc. Stockholders' Equity
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	$ 257,609
Net income	2,721
Currency translation adjustment	1,368
Shares issued for employee benefit plan and compensation	345
Purchase of treasury shares	(1,724)
Stock options exercised	1,935
Shares issued to Directors	0
Employee and director stock-based compensation	2,493
Tax benefit from exercise of non-qualified stock options and vested restricted stock	616
Ending balance	266,229
Noncontrolling Interest
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	299
Net income	22
Ending balance	$ 321

Derivatives (Details)

Derivatives (Details) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2016	Mar. 31, 2015
Derivative Instruments,Gain (Loss) [Line Items]
Maximum Remaining Maturity of Foreign Currency Derivatives		9 months
Net gain (loss) on foreign currency exchange contracts	[1]	$ (199)	$ 1,034
Other Income (Expense), Net [Member] | Not Designated as Hedging Instrument [Member] | Foreign Exchange Forward [Member]
Derivative Instruments,Gain (Loss) [Line Items]
Net gain (loss) on foreign currency exchange contracts		$ (200)	$ 1,000
[1]	This represents the gains (losses) incurred on foreign currency hedging derivatives (see Note 18 for further details).

Derivatives - Fair Value (Detai

Derivatives - Fair Value (Details) - Fair Value, Measurements, Recurring [Member] - Foreign Exchange Forward [Member] - Not Designated as Hedging Instrument [Member] - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Estimate of Fair Value Measurement
Derivatives, Fair Value [Line Items]
Foreign currency exchange futures contracts fair value	$ 202	$ (1,146)
Level 1 [Member]
Derivatives, Fair Value [Line Items]
Foreign currency exchange futures contracts fair value	0	0
Level 2 [Member]
Derivatives, Fair Value [Line Items]
Foreign currency exchange futures contracts fair value	202	(1,146)
Level 3 [Member]
Derivatives, Fair Value [Line Items]
Foreign currency exchange futures contracts fair value	$ 0	$ 0

Derivatives - Contracts Held (D

Derivatives - Contracts Held (Details) - Not Designated as Hedging Instrument [Member] - Foreign Exchange Forward [Member] $ in Thousands		3 Months Ended	12 Months Ended
		Mar. 31, 2016USD ($)BRL / $¥ / $$ / €	Dec. 31, 2015USD ($)BRL / $¥ / $$ / €
Chinese Yuan Renminbi
Derivative [Line Items]
Notional Value		$ 20,000	$ 22,500
Forward Rate | ¥ / $		6.7391	6.2565
Gain/(Loss) Recorded at Balance Sheet Date	[1]	$ 748	$ (1,100)
Future Contract One [Member] | Euro
Derivative [Line Items]
Notional Value		$ 14,000	$ 7,000
Forward Rate | $ / €		1.1201	1.0864
Gain/(Loss) Recorded at Balance Sheet Date	[1]	$ (240)	$ (7)
Future Contract One [Member] | Brazil, Brazil Real
Derivative [Line Items]
Notional Value		$ 2,000	$ 1,000
Forward Rate | BRL / $		4.157	3.7461
Gain/(Loss) Recorded at Balance Sheet Date	[1]	$ (306)	$ (57)
Future Contract Two [Member] | Brazil, Brazil Real
Derivative [Line Items]
Notional Value			$ 3,000
Forward Rate | BRL / $			3.9503
Gain/(Loss) Recorded at Balance Sheet Date	[1]		$ 18
[1]	Gains on futures contracts are recorded in prepaid expenses and other current assets. Losses on futures contracts are recorded in other accrued expenses.

Business Combination (Details)

Business Combination (Details) - USD ($) $ in Thousands	Aug. 31, 2015	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Business Combination
Contingent consideration		$ 11,700		$ 11,800
Ecolink
Business Combination
Initial purchase price	$ 24,100
Cash consideration	12,949
Contingent consideration	11,200
Acquisition costs				200
Fair value of noncontrolling interest	$ 378
Net sales		1,000
Net loss		500
Period of recognition for earnout payments to Acquiree (in years)	5 years
Pro forma information, increase (decrease) in amortization expense, net		$ (100)	$ 500
Ecolink | Income Approach Valuation Technique
Business Combination
Contingent consideration discount rate	15.50%
Ecolink | Primary Beneficiary | Encore
Business Combination
Acquired ownership interest of Acquirees' subsidiary (percentage)	50.00%
Aggregate fair value of net assets acquired	$ 700
Fair value of noncontrolling interest	$ 400
Ecolink | Selling, general and administrative expenses
Business Combination
Acquisition costs				$ 200

Business Combination - Schedule

Business Combination - Schedule of Purchase Price Allocation (Details) - USD ($) $ in Thousands	Aug. 31, 2015	Mar. 31, 2016	Dec. 31, 2015
Business Combination
Goodwill		$ 43,184	$ 43,116
Less: Contingent consideration		$ (11,700)	$ (11,800)
Ecolink
Business Combination
Cash and cash equivalents	$ 685
Accounts receivable	374
Inventories	1,412
Prepaid expenses and other current assets	253
Property, plant and equipment	16
Non-interest bearing liabilities	(1,557)
Net tangible assets acquired	1,183
Goodwill	12,564
Total purchase price	24,527
Noncontrolling interest	(378)
Net purchase price	24,149
Less: Contingent consideration	(11,200)
Cash paid	12,949
Ecolink | Trade name
Business Combination
Finite-lived intangible assets	$ 400
Estimated Lives	7 years
Ecolink | Developed Technology
Business Combination
Finite-lived intangible assets	$ 9,080
Ecolink | Customer relationships
Business Combination
Finite-lived intangible assets	$ 1,300
Estimated Lives	5 years
Ecolink | Minimum | Property, plant and equipment
Business Combination
Estimated Lives	1 year
Ecolink | Minimum | Developed Technology
Business Combination
Estimated Lives	4 years
Ecolink | Maximum | Property, plant and equipment
Business Combination
Estimated Lives	4 years
Ecolink | Maximum | Developed Technology
Business Combination
Estimated Lives	14 years

Business Combination - Schedu82

Business Combination - Schedule of Pro Forma Financial Information (Details) - Ecolink - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Business Combination
Net sales	$ 150,658	$ 134,211
Net income	2,789	5,032
Net income attributable to Universal Electronics Inc.	$ 2,758	$ 5,007
Basic earnings per share attributable to Universal Electronics Inc. (in dollars per share)	$ 0.19	$ 0.31
Diluted earnings per share attributable to Universal Electronics Inc. (in dollars per share)	$ 0.19	$ 0.31
Acquisition costs			$ 200