Universal Electronics (UEIC) 10-Q 9 May 17 2017 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2017	May 05, 2017
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, 2017
Amendment Flag	false
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q1
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Common Stock, Share Outstanding		14,432,883

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Current assets:
Cash and cash equivalents	$ 62,654	$ 50,611
Restricted cash	0	4,623
Accounts receivable, net	129,231	124,592
Inventories, net	131,535	129,879
Prepaid expenses and other current assets	8,350	7,439
Income tax receivable	2,774	1,054
Deferred income taxes		5,960
Total current assets	334,544	324,158
Property, plant, and equipment, net	106,738	105,351
Goodwill	43,048	43,052
Intangible assets, net	27,335	28,549
Deferred income taxes	17,706
Deferred income taxes		10,430
Long-term restricted cash	4,643	4,600
Other assets	4,872	4,896
Total assets	538,886	521,036
Current liabilities:
Accounts payable	93,259	97,157
Line of credit	88,000	49,987
Accrued compensation	31,876	35,580
Accrued sales discounts, rebates and royalties	7,195	8,358
Accrued income taxes	0	375
Other accrued expenses	20,315	24,410
Total current liabilities	240,645	215,867
Long-term liabilities:
Long-term contingent consideration	8,600	10,500
Deferred income taxes	6,325	7,060
Income tax payable	791	791
Other long-term liabilities	6,255	6,308
Total liabilities	262,616	240,526
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; 23,614,604 and 23,573,340 shares issued on March 31, 2017 and December 31, 2016, respectively	236	236
Paid-in capital	254,619	250,481
Treasury stock, at cost, 9,207,707 and 9,022,587 shares on March 31, 2017 and December 31, 2016, respectively	(234,369)	(222,980)
Accumulated other comprehensive income (loss)	(21,438)	(22,821)
Retained earnings	277,222	275,594
Total stockholders' equity	276,270	280,510
Total liabilities and stockholders' equity	$ 538,886	$ 521,036

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Mar. 31, 2017	Dec. 31, 2016
Statement of Financial Position [Abstract]
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	5,000,000	5,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	50,000,000	50,000,000
Common stock, shares issued (in shares)	23,614,604	23,573,340
Treasury stock, shares (in shares)	9,207,707	9,022,587

CONSOLIDATED INCOME STATEMENTS

CONSOLIDATED INCOME STATEMENTS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Income Statement [Abstract]
Net sales	$ 161,406	$ 150,658
Cost of sales	120,372	113,011
Gross profit	41,034	37,647
Research and development expenses	5,498	5,186
Factory transition restructuring charges	5,250	1,433
Selling, general and administrative expenses	30,651	27,987
Operating income (loss)	(365)	3,041
Interest income (expense), net	(393)	(267)
Other income (expense), net	583	720
Income (loss) before income tax provision (benefit)	(175)	3,494
Income tax provision (benefit)	(294)	751
Net income	119	2,743
Net income attributable to noncontrolling interest	0	22
Net income attributable to Universal Electronics Inc.	$ 119	$ 2,721
Earnings per share attributable to Universal Electronics Inc.:
Basic (in dollars per share)	$ 0.01	$ 0.19
Diluted (in dollars per share)	$ 0.01	$ 0.19
Shares used in computing earnings per share:
Basic (in shares)	14,449	14,373
Diluted (in shares)	14,717	14,637

CONSOLIDATED COMPREHENSIVE INCO

CONSOLIDATED COMPREHENSIVE INCOME STATEMENTS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Statement of Comprehensive Income [Abstract]
Net income	$ 119	$ 2,743
Other comprehensive income:
Change in foreign currency translation adjustment	1,383	1,368
Total comprehensive income	1,502	4,111
Comprehensive income attributable to noncontrolling interest	0	22
Comprehensive income attributable to Universal Electronics Inc.	$ 1,502	$ 4,089

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Cash provided by (used for) operating activities:
Net income	$ 119	$ 2,743
Adjustments to reconcile net income to net cash provided by (used for) operating activities:
Depreciation and amortization	7,645	5,929
Provision for doubtful accounts	23	(40)
Provision for inventory write-downs	659	756
Deferred income taxes	(496)	(407)
Tax benefit from exercise of stock options and vested restricted stock	0	616
Excess tax benefit from stock-based compensation	0	(668)
Shares issued for employee benefit plan	346	345
Employee and director stock-based compensation	2,623	2,493
Performance-based common stock warrants	932	866
Changes in operating assets and liabilities:
Restricted cash	4,623	0
Accounts receivable	(3,689)	12,255
Inventories	(1,564)	5,095
Prepaid expenses and other assets	(905)	(1,604)
Accounts payable and accrued expenses	(16,182)	(22,900)
Accrued income taxes	(2,064)	(2,338)
Net cash provided by (used for) operating activities	(7,930)	3,141
Cash used for investing activities:
Acquisition of property, plant, and equipment	(6,460)	(7,480)
Acquisition of intangible assets	(410)	(564)
Net cash used for investing activities	(6,870)	(8,044)
Cash provided by (used for) financing activities:
Borrowings under line of credit	53,000	42,987
Repayments on line of credit	(14,987)	(35,000)
Proceeds from stock options exercised	237	1,935
Treasury stock purchased	(11,389)	(1,724)
Excess tax benefit from stock-based compensation	0	668
Net cash provided by (used for) financing activities	26,861	8,866
Effect of exchange rate changes on cash	(18)	(852)
Net increase (decrease) in cash and cash equivalents	12,043	3,111
Cash and cash equivalents at beginning of year	50,611	52,966
Cash and cash equivalents at end of period	62,654	56,077
Supplemental cash flow information:
Income taxes paid	2,925	2,933
Interest paid	$ 414	$ 302

Basis of Presentation and Signi

Basis of Presentation and Significant Accounting Policies	3 Months Ended
	Mar. 31, 2017
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, 2017 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, 2016 . 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, stock-based compensation expense and performance-based common stock warrants. 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, 2016 for a summary of our significant accounting policies. Recent Accounting Pronouncements In May 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("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 do not plan to early adopt ASU 2014-09. We are currently reviewing contract terms and assessing the impact of adopting this standard on our consolidated financial statements. While we are still in the process of conducting this analysis, the impact of this new guidance may accelerate revenue recognition for certain of our contractual arrangements, and the impact could be material. We expect to complete our assessment over the next six to nine months, during which time we will also select a transition method. 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. The adoption of ASU 2015-11 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. We prospectively adopted ASU 2015-17 effective January 1, 2017, and thus prior period balance sheets have not been adjusted. The adoption of ASU 2015-17 has no impact on our consolidated results of operations or cash flows. 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 Accounting Standards Codification ("ASC") 718, "Compensation - Stock Compensation". ASU 2016-09 requires excess tax benefits and tax deficiencies to be recorded as a discrete adjustment to income tax expense when stock awards vest or are settled, rather than in paid-in capital when they impact income taxes payable. This new guidance also requires cash flows related to excess tax benefits from stock-based compensation to be presented with other income tax cash flows in operating activities, rather than separately as a financing activity, in the statement of cash flows. Additionally, ASU 2016-09 impacts the calculation of diluted weighted-average shares under the treasury stock method as the assumed proceeds from an employee vesting in or exercising a stock-based award are no longer increased or decreased by the amount of excess tax benefits or deficiencies taken to paid-in capital. We elected to adopt the provisions of ASU 2016-09 prospectively effective January 1, 2017. We also made the accounting policy election, as allowed by ASU 2016-09, to account for forfeitures of stock-based awards as they occur, rather than estimating forfeitures. The cumulative effect of adopting ASU 2016-09 was an increase of $1.5 million to deferred tax assets and an increase to retained earnings of $1.5 million , as of January 1, 2017, as a result of recognizing previously unrecognized excess tax benefits from stock-based compensation. There was no cumulative effect impact related to the change in accounting policy to account for forfeitures of stock-based awards when they occur as a result of our minimal historical forfeitures experience. In August 2016, the FASB issued ASU 2016-15, "Classification of Certain Cash Receipts and Cash Payments", which amends ASC 230, "Statement of Cash Flows". This new guidance addresses eight specific cash flow issues with the objective of reducing the existing diversity in practice in how certain transactions are classified in the statement of cash flows. ASU 2016-15 is effective for fiscal periods beginning after December 15, 2017 and must be adopted retrospectively. Early adoption is permitted as long as all amendments are adopted in the same period. We are currently evaluating the impact that ASU 2016-15 will have on our consolidated financial statements. In October 2016, the FASB issued ASU 2016-16, "Intra-Entity Transfers of Assets Other Than Inventory", which changes the accounting for income tax consequences of intra-entity transfers of assets other than inventory. Current guidance prohibits the recognition of current and deferred income taxes for an intra-entity asset transfer until the asset has been sold to an outside party. Under this new guidance, the income tax consequences of an intra-entity transfer of an asset other than inventory will be recognized when the transfer occurs. ASU 2016-16 is effective for fiscal periods beginning after December 15, 2017. Early adoption is permitted. The impact of the adoption of ASU 2016-16 could be material depending on the size of any intra-entity transfers we may implement in future periods. In November 2016, the FASB issued ASU 2016-18,"Restricted Cash", which amends ASC 230, "Statement of Cash Flows". This new guidance addresses the classifications and presentation of changes in restricted cash in the statement of cash flows. ASU 2016-18 is effective for fiscal periods beginning after December 15, 2017 and must be adopted retrospectively. Early adoption is permitted. The adoption of ASU 2016-18 will modify our current disclosures by reclassifying certain amounts within the consolidated statement of cash flows, but is not expected to have a material effect on our consolidated financial statements. In January 2017, the FASB issued ASU 2017-04, "Simplifying the Test for Goodwill Impairment". This guidance simplifies how an entity is required to test goodwill for impairment by eliminating Step 2 from the goodwill impairment test. Instead, if the carrying amount of a reporting unit exceeds its fair value, an impairment loss will be recognized in an amount equal to that excess, limited to the total amount of goodwill allocated to the reporting unit. ASU 2017-04 is effective for fiscal periods beginning after December 31, 2019. Early adoption is permitted. We do not expect the adoption of ASU 2017-04 to have a material impact on our consolidated financial statements.

Cash and Cash Equivalents and R

Cash and Cash Equivalents and Restricted Cash	3 Months Ended
	Mar. 31, 2017
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, 2017 December 31, 2016 United States $ 20,382 $ 3,277 People's Republic of China ("PRC") 17,676 22,142 Asia (excluding the PRC) 4,833 5,260 Europe 18,214 19,630 South America 1,549 302 Total cash and cash equivalents $ 62,654 $ 50,611 Restricted Cash In connection with a court order issued in a now settled litigation matter, we previously placed $4.6 million of cash into a collateralized surety bond. This bond had certain restrictions for liquidation and was therefore classified as restricted cash. On February 10, 2017, the $4.6 million surety bond was returned to us upon final settlement of the related litigation matter. In connection with the pending sale of our Guangzhou factory in the PRC (Note 10), the buyer made a cash deposit of RMB 32 million ( $4.6 million based on March 31, 2017 exchange rates) into an escrow account on September 29, 2016. Under the terms of the escrow account, these funds will not be paid to us until the close of the sale. Accordingly, this deposit is presented as long-term restricted cash within our consolidated balance sheet.

Accounts Receivable, Net and Re

Accounts Receivable, Net and Revenue Concentrations	3 Months Ended
	Mar. 31, 2017
Receivables [Abstract]
Accounts Receivable, Net and Revenue Concentrations	Accounts Receivable, Net and Revenue Concentrations Accounts receivable, net were as follows: (In thousands) March 31, 2017 December 31, 2016 Trade receivables, gross $ 124,399 $ 120,965 Allowance for doubtful accounts (945 ) (904 ) Allowance for sales returns (501 ) (539 ) Net trade receivables 122,953 119,522 Other 6,278 5,070 Accounts receivable, net $ 129,231 $ 124,592 Allowance for Doubtful Accounts Changes in the allowance for doubtful accounts were as follows: (In thousands) Three Months Ended March 31, 2017 2016 Balance at beginning of period $ 904 $ 822 Additions (reductions) to costs and expenses 23 (40 ) (Write-offs)/Foreign exchange effects 18 17 Balance at end of period $ 945 $ 799 Sales Returns The allowance for sales returns at March 31, 2017 and December 31, 2016 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 $0.4 million on March 31, 2017 and December 31, 2016 , respectively. The value of these returned goods was included in our inventory balance at March 31, 2017 and December 31, 2016 . Significant Customers Net sales to the following customers totaled more than 10% of our net sales: Three Months Ended March 31, 2017 2016 $ (thousands) % of Net Sales $ (thousands) % of Net Sales Comcast Corporation $ 42,247 26.2 % $ 39,609 26.3 % DIRECTV 16,632 10.3 16,819 11.2 Trade receivables associated with these significant customers that totaled more than 10% of our accounts receivable, net were as follows: March 31, 2017 December 31, 2016 $ (thousands) % of Accounts Receivable, Net $ (thousands) % of Accounts Receivable, Net Comcast Corporation $ 25,156 19.5 % $ 23,716 19.0 % DIRECTV 15,299 11.8 12,878 10.3

Inventories, Net and Significan

Inventories, Net and Significant Supplier	3 Months Ended
	Mar. 31, 2017
Inventory Disclosure [Abstract]
Inventories, Net and Significant Supplier	Inventories, Net and Significant Supplier Inventories, net were as follows: (In thousands) March 31, 2017 December 31, 2016 Raw materials $ 40,496 $ 33,059 Components 19,690 15,046 Work in process 5,892 5,860 Finished goods 69,666 80,119 Reserve for excess and obsolete inventory (4,209 ) (4,205 ) Inventories, net $ 131,535 $ 129,879 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, 2017 2016 Balance at beginning of period $ 4,205 $ 3,045 Additions charged to costs and expenses (1) 632 693 Sell through (2) (354 ) (211 ) (Write-offs)/Foreign exchange effects (274 ) (235 ) Balance at end of period $ 4,209 $ 3,292 (1) The additions charged to costs and expenses do not include inventory directly written-off that was scrapped during production totaling $27 thousand and $63 thousand for the three months ended March 31, 2017 and 2016 , 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 $9.1 million , or 10.4% , of total inventory purchases during the three months ended March 31, 2017 and $8.5 million , or 10.8% , of total inventory purchases during the three months ended March 31, 2016. 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, 2017 2016 $ (thousands) % of Total Inventory Purchases $ (thousands) % of Total Inventory Purchases Related party supplier $ 946 1.1 % $ 1,612 2.0 % Total accounts payable to this supplier were as follows: March 31, 2017 December 31, 2016 $ (thousands) % of Accounts Payable $ (thousands) % of Accounts Payable Related party supplier $ 1,177 1.3 % $ 1,690 1.7 % Our payment 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, 2017
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, 2016 $ 43,052 Foreign exchange effects (4 ) Balance at March 31, 2017 $ 43,048 Intangible Assets, Net The components of intangible assets, net were as follows: March 31, 2017 December 31, 2016 (In thousands) Gross (1) Accumulated Amortization (1) Net Gross (1) Accumulated Amortization (1) Net Distribution rights $ 302 $ (119 ) $ 183 $ 302 $ (119 ) $ 183 Patents 11,345 (3,988 ) 7,357 12,038 (4,775 ) 7,263 Trademarks and trade names 2,396 (1,371 ) 1,025 2,400 (1,310 ) 1,090 Developed and core technology 12,578 (4,569 ) 8,009 12,585 (4,068 ) 8,517 Capitalized software development costs 142 (24 ) 118 142 (5 ) 137 Customer relationships 27,654 (17,011 ) 10,643 27,703 (16,344 ) 11,359 Total intangible assets, net $ 54,417 $ (27,082 ) $ 27,335 $ 55,170 $ (26,621 ) $ 28,549 (1) This table excludes the gross value of fully amortized intangible assets totaling $11.2 million and $10.2 million at March 31, 2017 and December 31, 2016 , 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) 2017 2016 Cost of sales $ 19 $ 21 Selling, general and administrative expenses 1,581 1,533 Total amortization expense $ 1,600 $ 1,554 Estimated future annual amortization expense related to our intangible assets at March 31, 2017 , is as follows: (In thousands) 2017 (remaining 9 months) $ 4,797 2018 6,364 2019 6,285 2020 5,196 2021 1,782 Thereafter 2,911 Total $ 27,335

Line of Credit

Line of Credit	3 Months Ended
	Mar. 31, 2017
Debt Disclosure [Abstract]
Line of Credit	Line of Credit Our Amended and Restated Credit Agreement ("Amended Credit Agreement") with U.S. Bank National Association ("U.S. Bank") provides for an $85.0 million line of credit ("Credit Line") that expires on November 1, 2018 and that may be used for working capital and other general corporate purposes including acquisitions, share repurchases and capital expenditures. On May 5, 2017, we entered into the Eighth Amendment to the Amended Credit Agreement in which the Credit Line was increased to $115.0 million . Amounts available for borrowing under the Credit Line are reduced by the balance of any outstanding letters of credit. There were no outstanding letters of credit at March 31, 2017 . 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, 2017 was 2.11% . 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, 2017 , we were in compliance with the covenants and conditions of the Amended Credit Agreement. At March 31, 2017 , we had $88.0 million outstanding under the Credit Line. Our total interest expense on borrowings was $0.5 million and $0.3 million during the three months ended March 31, 2017 and 2016 , respectively.

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2017
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 an income tax benefit of $0.3 million for the three months ended March 31, 2017 as a result of incurring a loss, a favorable foreign tax ruling that resulted in the reversal of a reserve approximating $0.2 million , and the recognition of $0.1 million of excess tax benefits related to stock-based compensation. For the three months ended March 31, 2016, we recorded income tax expense of $0.8 million which represented an effective tax rate of 21.5% . At March 31, 2017 , we had gross unrecognized tax benefits of $3.8 million , including interest and penalties, of which $3.5 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 $0.3 million and $0.3 million at March 31, 2017 and December 31, 2016 , respectively, are included in our unrecognized tax benefits.

Accrued Compensation

Accrued Compensation	3 Months Ended
	Mar. 31, 2017
Payables and Accruals [Abstract]
Accrued Compensation	Accrued Compensation The components of accrued compensation were as follows: (In thousands) March 31, 2017 December 31, 2016 Accrued social insurance (1) $ 17,088 $ 19,974 Accrued salary/wages 7,880 7,903 Accrued vacation/holiday 2,845 2,411 Accrued bonus (2) 1,873 2,421 Accrued commission 373 933 Accrued medical insurance claims 146 122 Other accrued compensation 1,671 1,816 Total accrued compensation $ 31,876 $ 35,580 (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, 2017 and December 31, 2016 . (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, 2017 and December 31, 2016 , respectively. Other Accrued Expenses The components of other accrued expenses were as follows: (In thousands) March 31, 2017 December 31, 2016 Advertising and marketing $ 228 $ 213 Deferred revenue 1,421 1,431 Duties 1,125 1,127 Freight and handling fees 1,830 1,919 Product development 641 454 Product warranty claim costs 132 134 Professional fees 1,814 1,313 Property, plant, and equipment 1,334 1,017 Sales taxes and VAT 2,613 2,715 Short-term contingent consideration 2,400 — Third-party commissions 610 853 Tooling (1) 1,858 1,520 Unrealized loss on foreign currency exchange contracts 453 1,623 URC court order and settlement agreement (Note 2) — 6,622 Utilities 142 331 Other 3,714 3,138 Total other accrued expenses $ 20,315 $ 24,410 (1) The tooling accrual balance relates to unearned revenue for tooling that will be sold to customers.

Other Accrued Expenses

Other Accrued Expenses	3 Months Ended
	Mar. 31, 2017
Payables and Accruals [Abstract]
Other Accrued Expenses	Accrued Compensation The components of accrued compensation were as follows: (In thousands) March 31, 2017 December 31, 2016 Accrued social insurance (1) $ 17,088 $ 19,974 Accrued salary/wages 7,880 7,903 Accrued vacation/holiday 2,845 2,411 Accrued bonus (2) 1,873 2,421 Accrued commission 373 933 Accrued medical insurance claims 146 122 Other accrued compensation 1,671 1,816 Total accrued compensation $ 31,876 $ 35,580 (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, 2017 and December 31, 2016 . (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, 2017 and December 31, 2016 , respectively. Other Accrued Expenses The components of other accrued expenses were as follows: (In thousands) March 31, 2017 December 31, 2016 Advertising and marketing $ 228 $ 213 Deferred revenue 1,421 1,431 Duties 1,125 1,127 Freight and handling fees 1,830 1,919 Product development 641 454 Product warranty claim costs 132 134 Professional fees 1,814 1,313 Property, plant, and equipment 1,334 1,017 Sales taxes and VAT 2,613 2,715 Short-term contingent consideration 2,400 — Third-party commissions 610 853 Tooling (1) 1,858 1,520 Unrealized loss on foreign currency exchange contracts 453 1,623 URC court order and settlement agreement (Note 2) — 6,622 Utilities 142 331 Other 3,714 3,138 Total other accrued expenses $ 20,315 $ 24,410 (1) The tooling accrual balance relates to unearned revenue for tooling that will be sold to customers.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2017
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, 2017 2016 Balance at beginning of period $ 134 $ 35 Accruals for warranties issued during the period — — Settlements (in cash or in kind) during the period (2 ) — Balance at end of period $ 132 $ 35 Restructuring Activities and Sale of Guangzhou Factory In the first quarter of 2016, we implemented a plan to reduce our manufacturing costs by transitioning manufacturing activities from our southern-most China factory, located in the city of Guangzhou in the Guangdong province, to our other three China factories where labor rates are lower. As a result, we incurred severance costs of $5.3 million and $1.4 million during the three months ended March 31, 2017 and 2016, respectively, which are included within operating expenses. We expect to incur additional severance costs of approximately $2 million as we continue to execute this transition over the next three to six months. Because severance costs relate to involuntary terminations, we record the related liability at the communication date. At March 31, 2017 , we had $0.2 million of unpaid severance costs included within accrued compensation. On September 26, 2016, we entered into an agreement to sell our Guangzhou manufacturing facility for RMB 320 million (approximately $46 million based on March 31, 2017 exchange rates). Under the terms of this agreement, we have up to 24 months to cease all operations within the facility. The closing of the sale will be subject to customary due diligence and local regulatory approval and per the terms of the agreement could take up to approximately 28 months from the execution of the agreement. In accordance with the terms of the agreement, the buyer deposited 10% of the purchase price into an escrow account at agreement inception, which we have presented as long-term restricted cash in our consolidated balance sheet (also refer to Note 2). The remaining balance of the purchase price is to be placed into the escrow account prior to the closing of the sale and will be released to us upon closing. Litigation 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. While awaiting the appellate court’s ruling, we requested and received permission to submit additional filings in support of our position. In March, we submitted our additional filings and answered questions from the court. We are now awaiting the decision from the court, which we believe will be rendered during the summer of 2017. 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. The hearing on this opposition has been set for July 2017. 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 have replied, denying all of Ruwido's allegations and we intend to vigorously defend against these claims. A hearing on this matter occurred in February 2017 with the court allowing the parties to submit additional filings to further support their respective positions. A further hearing has been scheduled for early summer 2017. On January 26, 2017, OpenTV, Inc., Nagra USA, Inc., Nagravision SA, and Kudelski SA (collectively, the “Kudelski Group”) filed a request with the U.S. International Trade Commission (“ITC”) to institute an investigation pursuant to Section 337 of the Tariff Act of 1930, as amended, concerning certain remote control devices we supply Comcast Corporation (“Comcast”) to which the ITC agreed to accept this request. By this request, the Kudelski Group will seek exclusion of certain digital television set-top boxes, remote control devices, and components thereof imported into the United States by Comcast and/or various of its subsidiaries, ARRIS International plc and/or various of its subsidiaries, and us and/or certain of our subsidiaries. We deny the allegations made by the Kudelski Group against us and we intend to vigorously defend against them. Discovery in this matter has just begun. Further, the ITC issued its scheduling order, setting the hearing start date for November 1, 2017. 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, 2017
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, 2017 , we had 194,565 shares available for repurchase on the open market under the Board's authorizations. On April 26, 2017, our Board increased these repurchase authorizations by 5,435 shares bringing the total authorization as of the approval date to 200,000 shares. Shares may also be tendered by employees to satisfy tax withholding obligations in connection with the vesting of restricted stock. Repurchased shares of our common stock were as follows: Three Months Ended March 31, (In thousands) 2017 2016 Shares repurchased 185 33 Cost of shares repurchased $ 11,389 $ 1,724 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, 2017
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) 2017 2016 United States $ 81,928 $ 83,938 Asia (excluding PRC) 24,650 21,573 People's Republic of China 15,743 16,926 Europe 17,424 15,783 Latin America 15,645 7,555 Other 6,016 4,883 Total net sales $ 161,406 $ 150,658 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, 2017 December 31, 2016 United States $ 12,584 $ 11,948 People's Republic of China 94,753 94,113 All other countries 4,273 4,186 Total long-lived tangible assets $ 111,610 $ 110,247

Stock-Based Compensation

Stock-Based Compensation	3 Months Ended
	Mar. 31, 2017
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) 2017 2016 Cost of sales $ 15 $ 14 Research and development expenses 119 136 Selling, general and administrative expenses: Employees 1,744 1,845 Outside directors 745 498 Total employee and director stock-based compensation expense $ 2,623 $ 2,493 Income tax benefit $ 815 $ 733 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, 2016 652 $ 39.27 Granted 92 62.70 Exercised (8 ) 29.53 $ 306 Forfeited/canceled/expired — — Outstanding at March 31, 2017 (1) 736 $ 42.30 4.86 $ 19,275 Vested and expected to vest at March 31, 2017 (1) 736 $ 42.30 4.86 $ 19,272 Exercisable at March 31, 2017 (1) 452 $ 34.30 4.10 $ 15,450 (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 2017 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, 2017 . 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, 2017 2016 Weighted average fair value of grants $19.61 $17.96 Risk-free interest rate 1.75% 1.36% Expected volatility 34.25% 41.38% Expected life in years 4.52 4.55 As of March 31, 2017 , we expect to recognize $4.9 million of total unrecognized pre-tax stock-based compensation expense related to non-vested stock options over a remaining weighted-average life of 2.1 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, 2016 153 $ 57.43 Granted 98 63.39 Vested (26 ) 56.94 Forfeited (1 ) 58.95 Non-vested at March 31, 2017 224 $ 60.09 As of March 31, 2017 , we expect to recognize $12.0 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, 2017
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 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 warrants. 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 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. At March 31, 2017 , 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, 2017 2016 Fair value $32.32 $29.86 Price of Universal Electronics Inc. common stock $67.98 $62.30 Risk-free interest rate 2.04% 1.50% Expected volatility 39.86% 41.49% Expected life in years 5.75 6.75 For each of the three months ended March 31, 2017 and 2016, we recorded a $0.9 million reduction to net sales in connection with the warrants. The related income tax benefit was $0.3 million in both periods. At March 31, 2017, we estimated the number of warrants that will vest based on the combination of purchases already made and projected future purchases that will be made by Comcast and its affiliates. These estimates may increase or decrease based on actual future purchases. The aggregate unrecognized estimated fair value of unvested warrants at March 31, 2017 was $19.8 million .

Other Income (Expense), Net

Other Income (Expense), Net	3 Months Ended
	Mar. 31, 2017
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) 2017 2016 Net gain (loss) on foreign currency exchange contracts (1) $ 234 $ (199 ) Net gain (loss) on foreign currency exchange transactions 330 911 Other income (expense) 19 8 Other income (expense), net $ 583 $ 720 (1) This represents the gains (losses) incurred on foreign currency hedging derivatives (see Note 17 for further details).

Earnings Per Share

Earnings Per Share	3 Months Ended
	Mar. 31, 2017
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) 2017 2016 BASIC Net income attributable to Universal Electronics Inc. $ 119 $ 2,721 Weighted-average common shares outstanding 14,449 14,373 Basic earnings per share attributable to Universal Electronics Inc. $ 0.01 $ 0.19 DILUTED Net income attributable to Universal Electronics Inc. $ 119 $ 2,721 Weighted-average common shares outstanding for basic 14,449 14,373 Dilutive effect of stock options and restricted stock 268 264 Weighted-average common shares outstanding on a diluted basis 14,717 14,637 Diluted earnings per share attributable to Universal Electronics Inc. $ 0.01 $ 0.19 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) 2017 2016 Stock options 128 256 Restricted stock awards 59 20

Derivatives

Derivatives	3 Months Ended
	Mar. 31, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivatives	Derivatives The following table sets forth the total net fair value of derivatives: March 31, 2017 December 31, 2016 Fair Value Measurement Using Total Balance Fair Value Measurement Using Total Balance (In thousands) Level 1 Level 2 Level 3 Level 1 Level 2 Level 3 Foreign currency exchange contracts $ — $ (453 ) $ — $ (453 ) $ — $ (1,584 ) $ — $ (1,584 ) We held foreign currency exchange contracts which resulted in a net pre-tax gain of $0.2 million and a net pre-tax loss of $0.2 million for the three months ended March 31, 2017 and 2016 , respectively (see Note 15). Details of foreign currency exchange 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, 2017 USD/Euro USD $ 20.0 1.0557 $ (239 ) April 5, 2017 March 31, 2017 USD/Chinese Yuan Renminbi USD $ 16.0 6.9210 $ (60 ) May 19, 2017 March 31, 2017 USD/Brazilian Real USD $ 3.0 3.2982 $ (154 ) April 20, 2017 December 31, 2016 USD/Euro USD $ 18.0 1.0513 $ (61 ) January 27, 2017 December 31, 2016 USD/Chinese Yuan Renminbi Chinese Yuan Renminbi $ 25.0 6.7230 $ (974 ) January 13, 2017 December 31, 2016 USD/Chinese Yuan Renminbi Chinese Yuan Renminbi $ 10.0 6.6757 $ (457 ) January 13, 2017 December 31, 2016 USD/Brazilian Real USD $ 2.0 3.4775 $ (131 ) January 13, 2017 December 31, 2016 USD/Brazilian Real USD $ 4.0 3.2316 $ 39 January 13, 2017 (1) Unrealized gains on foreign currency exchange contracts are recorded in prepaid expenses and other current assets. Unrealized losses on foreign currency exchange contracts are recorded in other accrued expenses.

Subsequent Event

Subsequent Event	3 Months Ended
	Mar. 31, 2017
Subsequent Events [Abstract]
Subsequent Events	Subsequent Event On April 6, 2017, we acquired substantially all of the net assets of Residential Control Systems, Inc. (“RCS”), a U.S.-based designer and manufacturer of energy management and control products for the residential, small commercial and hospitality markets. Under the terms of the Asset Purchase Agreement, we paid an initial cash purchase price of approximately $9 million , plus contingent cash consideration of up to an additional $10 million based upon a percentage of operating income attributable to RCS over the period commencing on the acquisition date through June 30, 2022.

Basis of Presentation and Sig25

Basis of Presentation and Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2017
Accounting Policies [Abstract]
Basis of Presentation	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, 2017 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, 2016 .
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, stock-based compensation expense and performance-based common stock warrants. 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	In May 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("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 do not plan to early adopt ASU 2014-09. We are currently reviewing contract terms and assessing the impact of adopting this standard on our consolidated financial statements. While we are still in the process of conducting this analysis, the impact of this new guidance may accelerate revenue recognition for certain of our contractual arrangements, and the impact could be material. We expect to complete our assessment over the next six to nine months, during which time we will also select a transition method. 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. The adoption of ASU 2015-11 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. We prospectively adopted ASU 2015-17 effective January 1, 2017, and thus prior period balance sheets have not been adjusted. The adoption of ASU 2015-17 has no impact on our consolidated results of operations or cash flows. 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 Accounting Standards Codification ("ASC") 718, "Compensation - Stock Compensation". ASU 2016-09 requires excess tax benefits and tax deficiencies to be recorded as a discrete adjustment to income tax expense when stock awards vest or are settled, rather than in paid-in capital when they impact income taxes payable. This new guidance also requires cash flows related to excess tax benefits from stock-based compensation to be presented with other income tax cash flows in operating activities, rather than separately as a financing activity, in the statement of cash flows. Additionally, ASU 2016-09 impacts the calculation of diluted weighted-average shares under the treasury stock method as the assumed proceeds from an employee vesting in or exercising a stock-based award are no longer increased or decreased by the amount of excess tax benefits or deficiencies taken to paid-in capital. We elected to adopt the provisions of ASU 2016-09 prospectively effective January 1, 2017. We also made the accounting policy election, as allowed by ASU 2016-09, to account for forfeitures of stock-based awards as they occur, rather than estimating forfeitures. The cumulative effect of adopting ASU 2016-09 was an increase of $1.5 million to deferred tax assets and an increase to retained earnings of $1.5 million , as of January 1, 2017, as a result of recognizing previously unrecognized excess tax benefits from stock-based compensation. There was no cumulative effect impact related to the change in accounting policy to account for forfeitures of stock-based awards when they occur as a result of our minimal historical forfeitures experience. In August 2016, the FASB issued ASU 2016-15, "Classification of Certain Cash Receipts and Cash Payments", which amends ASC 230, "Statement of Cash Flows". This new guidance addresses eight specific cash flow issues with the objective of reducing the existing diversity in practice in how certain transactions are classified in the statement of cash flows. ASU 2016-15 is effective for fiscal periods beginning after December 15, 2017 and must be adopted retrospectively. Early adoption is permitted as long as all amendments are adopted in the same period. We are currently evaluating the impact that ASU 2016-15 will have on our consolidated financial statements. In October 2016, the FASB issued ASU 2016-16, "Intra-Entity Transfers of Assets Other Than Inventory", which changes the accounting for income tax consequences of intra-entity transfers of assets other than inventory. Current guidance prohibits the recognition of current and deferred income taxes for an intra-entity asset transfer until the asset has been sold to an outside party. Under this new guidance, the income tax consequences of an intra-entity transfer of an asset other than inventory will be recognized when the transfer occurs. ASU 2016-16 is effective for fiscal periods beginning after December 15, 2017. Early adoption is permitted. The impact of the adoption of ASU 2016-16 could be material depending on the size of any intra-entity transfers we may implement in future periods. In November 2016, the FASB issued ASU 2016-18,"Restricted Cash", which amends ASC 230, "Statement of Cash Flows". This new guidance addresses the classifications and presentation of changes in restricted cash in the statement of cash flows. ASU 2016-18 is effective for fiscal periods beginning after December 15, 2017 and must be adopted retrospectively. Early adoption is permitted. The adoption of ASU 2016-18 will modify our current disclosures by reclassifying certain amounts within the consolidated statement of cash flows, but is not expected to have a material effect on our consolidated financial statements. In January 2017, the FASB issued ASU 2017-04, "Simplifying the Test for Goodwill Impairment". This guidance simplifies how an entity is required to test goodwill for impairment by eliminating Step 2 from the goodwill impairment test. Instead, if the carrying amount of a reporting unit exceeds its fair value, an impairment loss will be recognized in an amount equal to that excess, limited to the total amount of goodwill allocated to the reporting unit. ASU 2017-04 is effective for fiscal periods beginning after December 31, 2019. Early adoption is permitted. We do not expect the adoption of ASU 2017-04 to have a material impact on our consolidated financial statements.

Cash and Cash Equivalents and26

Cash and Cash Equivalents and Restricted Cash (Tables)	3 Months Ended
	Mar. 31, 2017
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, 2017 December 31, 2016 United States $ 20,382 $ 3,277 People's Republic of China ("PRC") 17,676 22,142 Asia (excluding the PRC) 4,833 5,260 Europe 18,214 19,630 South America 1,549 302 Total cash and cash equivalents $ 62,654 $ 50,611

Accounts Receivable, Net and 27

Accounts Receivable, Net and Revenue Concentrations (Tables)	3 Months Ended
	Mar. 31, 2017
Receivables [Abstract]
Schedule of Accounts Receivable and Allowance for Doubtful Accounts	Accounts receivable, net were as follows: (In thousands) March 31, 2017 December 31, 2016 Trade receivables, gross $ 124,399 $ 120,965 Allowance for doubtful accounts (945 ) (904 ) Allowance for sales returns (501 ) (539 ) Net trade receivables 122,953 119,522 Other 6,278 5,070 Accounts receivable, net $ 129,231 $ 124,592 Allowance for Doubtful Accounts Changes in the allowance for doubtful accounts were as follows: (In thousands) Three Months Ended March 31, 2017 2016 Balance at beginning of period $ 904 $ 822 Additions (reductions) to costs and expenses 23 (40 ) (Write-offs)/Foreign exchange effects 18 17 Balance at end of period $ 945 $ 799
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, 2017 2016 $ (thousands) % of Net Sales $ (thousands) % of Net Sales Comcast Corporation $ 42,247 26.2 % $ 39,609 26.3 % DIRECTV 16,632 10.3 16,819 11.2
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, 2017 December 31, 2016 $ (thousands) % of Accounts Receivable, Net $ (thousands) % of Accounts Receivable, Net Comcast Corporation $ 25,156 19.5 % $ 23,716 19.0 % DIRECTV 15,299 11.8 12,878 10.3

Inventories, Net and Signific28

Inventories, Net and Significant Supplier (Tables)	3 Months Ended
	Mar. 31, 2017
Inventory Disclosure [Abstract]
Schedule of Inventories, Net	Inventories, net were as follows: (In thousands) March 31, 2017 December 31, 2016 Raw materials $ 40,496 $ 33,059 Components 19,690 15,046 Work in process 5,892 5,860 Finished goods 69,666 80,119 Reserve for excess and obsolete inventory (4,209 ) (4,205 ) Inventories, net $ 131,535 $ 129,879
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, 2017 2016 Balance at beginning of period $ 4,205 $ 3,045 Additions charged to costs and expenses (1) 632 693 Sell through (2) (354 ) (211 ) (Write-offs)/Foreign exchange effects (274 ) (235 ) Balance at end of period $ 4,209 $ 3,292 (1) The additions charged to costs and expenses do not include inventory directly written-off that was scrapped during production totaling $27 thousand and $63 thousand for the three months ended March 31, 2017 and 2016 , 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	Inventory purchases from this supplier were as follows: Three Months Ended March 31, 2017 2016 $ (thousands) % of Total Inventory Purchases $ (thousands) % of Total Inventory Purchases Related party supplier $ 946 1.1 % $ 1,612 2.0 % Total accounts payable to this supplier were as follows: March 31, 2017 December 31, 2016 $ (thousands) % of Accounts Payable $ (thousands) % of Accounts Payable Related party supplier $ 1,177 1.3 % $ 1,690 1.7 %

Goodwill and Intangible Asset29

Goodwill and Intangible Assets, Net (Tables)	3 Months Ended
	Mar. 31, 2017
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, 2016 $ 43,052 Foreign exchange effects (4 ) Balance at March 31, 2017 $ 43,048
Schedule of Components of Intangible Assets	The components of intangible assets, net were as follows: March 31, 2017 December 31, 2016 (In thousands) Gross (1) Accumulated Amortization (1) Net Gross (1) Accumulated Amortization (1) Net Distribution rights $ 302 $ (119 ) $ 183 $ 302 $ (119 ) $ 183 Patents 11,345 (3,988 ) 7,357 12,038 (4,775 ) 7,263 Trademarks and trade names 2,396 (1,371 ) 1,025 2,400 (1,310 ) 1,090 Developed and core technology 12,578 (4,569 ) 8,009 12,585 (4,068 ) 8,517 Capitalized software development costs 142 (24 ) 118 142 (5 ) 137 Customer relationships 27,654 (17,011 ) 10,643 27,703 (16,344 ) 11,359 Total intangible assets, net $ 54,417 $ (27,082 ) $ 27,335 $ 55,170 $ (26,621 ) $ 28,549 (1) This table excludes the gross value of fully amortized intangible assets totaling $11.2 million and $10.2 million at March 31, 2017 and December 31, 2016 , respectively.
Intangible Assets Amortization Expense	Amortization expense by income statement caption was as follows: Three Months Ended March 31, (In thousands) 2017 2016 Cost of sales $ 19 $ 21 Selling, general and administrative expenses 1,581 1,533 Total amortization expense $ 1,600 $ 1,554
Schedule of Estimated Future Amortization Expense	Estimated future annual amortization expense related to our intangible assets at March 31, 2017 , is as follows: (In thousands) 2017 (remaining 9 months) $ 4,797 2018 6,364 2019 6,285 2020 5,196 2021 1,782 Thereafter 2,911 Total $ 27,335

Accrued Compensation (Tables)

Accrued Compensation (Tables)	3 Months Ended
	Mar. 31, 2017
Payables and Accruals [Abstract]
Components of Accrued Compensation	The components of accrued compensation were as follows: (In thousands) March 31, 2017 December 31, 2016 Accrued social insurance (1) $ 17,088 $ 19,974 Accrued salary/wages 7,880 7,903 Accrued vacation/holiday 2,845 2,411 Accrued bonus (2) 1,873 2,421 Accrued commission 373 933 Accrued medical insurance claims 146 122 Other accrued compensation 1,671 1,816 Total accrued compensation $ 31,876 $ 35,580 (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, 2017 and December 31, 2016 . (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, 2017 and December 31, 2016 , respectively. The components of other accrued expenses were as follows: (In thousands) March 31, 2017 December 31, 2016 Advertising and marketing $ 228 $ 213 Deferred revenue 1,421 1,431 Duties 1,125 1,127 Freight and handling fees 1,830 1,919 Product development 641 454 Product warranty claim costs 132 134 Professional fees 1,814 1,313 Property, plant, and equipment 1,334 1,017 Sales taxes and VAT 2,613 2,715 Short-term contingent consideration 2,400 — Third-party commissions 610 853 Tooling (1) 1,858 1,520 Unrealized loss on foreign currency exchange contracts 453 1,623 URC court order and settlement agreement (Note 2) — 6,622 Utilities 142 331 Other 3,714 3,138 Total other accrued expenses $ 20,315 $ 24,410 (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, 2017
Payables and Accruals [Abstract]
Components of Other Accrued Expenses	The components of accrued compensation were as follows: (In thousands) March 31, 2017 December 31, 2016 Accrued social insurance (1) $ 17,088 $ 19,974 Accrued salary/wages 7,880 7,903 Accrued vacation/holiday 2,845 2,411 Accrued bonus (2) 1,873 2,421 Accrued commission 373 933 Accrued medical insurance claims 146 122 Other accrued compensation 1,671 1,816 Total accrued compensation $ 31,876 $ 35,580 (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, 2017 and December 31, 2016 . (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, 2017 and December 31, 2016 , respectively. The components of other accrued expenses were as follows: (In thousands) March 31, 2017 December 31, 2016 Advertising and marketing $ 228 $ 213 Deferred revenue 1,421 1,431 Duties 1,125 1,127 Freight and handling fees 1,830 1,919 Product development 641 454 Product warranty claim costs 132 134 Professional fees 1,814 1,313 Property, plant, and equipment 1,334 1,017 Sales taxes and VAT 2,613 2,715 Short-term contingent consideration 2,400 — Third-party commissions 610 853 Tooling (1) 1,858 1,520 Unrealized loss on foreign currency exchange contracts 453 1,623 URC court order and settlement agreement (Note 2) — 6,622 Utilities 142 331 Other 3,714 3,138 Total other accrued expenses $ 20,315 $ 24,410 (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, 2017
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, 2017 2016 Balance at beginning of period $ 134 $ 35 Accruals for warranties issued during the period — — Settlements (in cash or in kind) during the period (2 ) — Balance at end of period $ 132 $ 35

Treasury Stock (Tables)

Treasury Stock (Tables)	3 Months Ended
	Mar. 31, 2017
Equity [Abstract]
Schedule of Repurchased Shares of Common Stock	Repurchased shares of our common stock were as follows: Three Months Ended March 31, (In thousands) 2017 2016 Shares repurchased 185 33 Cost of shares repurchased $ 11,389 $ 1,724

Business Segment and Foreign 34

Business Segment and Foreign Operations (Tables)	3 Months Ended
	Mar. 31, 2017
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) 2017 2016 United States $ 81,928 $ 83,938 Asia (excluding PRC) 24,650 21,573 People's Republic of China 15,743 16,926 Europe 17,424 15,783 Latin America 15,645 7,555 Other 6,016 4,883 Total net sales $ 161,406 $ 150,658
Schedule of Long-lived Assets	Long-lived tangible assets by geographic area were as follows: (In thousands) March 31, 2017 December 31, 2016 United States $ 12,584 $ 11,948 People's Republic of China 94,753 94,113 All other countries 4,273 4,186 Total long-lived tangible assets $ 111,610 $ 110,247

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	3 Months Ended
	Mar. 31, 2017
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) 2017 2016 Cost of sales $ 15 $ 14 Research and development expenses 119 136 Selling, general and administrative expenses: Employees 1,744 1,845 Outside directors 745 498 Total employee and director stock-based compensation expense $ 2,623 $ 2,493 Income tax benefit $ 815 $ 733
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, 2016 652 $ 39.27 Granted 92 62.70 Exercised (8 ) 29.53 $ 306 Forfeited/canceled/expired — — Outstanding at March 31, 2017 (1) 736 $ 42.30 4.86 $ 19,275 Vested and expected to vest at March 31, 2017 (1) 736 $ 42.30 4.86 $ 19,272 Exercisable at March 31, 2017 (1) 452 $ 34.30 4.10 $ 15,450 (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 2017 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, 2017 . 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, 2017 2016 Weighted average fair value of grants $19.61 $17.96 Risk-free interest rate 1.75% 1.36% Expected volatility 34.25% 41.38% Expected life in years 4.52 4.55
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, 2016 153 $ 57.43 Granted 98 63.39 Vested (26 ) 56.94 Forfeited (1 ) 58.95 Non-vested at March 31, 2017 224 $ 60.09

Performance-Based Common Stoc36

Performance-Based Common Stock Warrants (Tables)	3 Months Ended
	Mar. 31, 2017
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, 2017 2016 Fair value $32.32 $29.86 Price of Universal Electronics Inc. common stock $67.98 $62.30 Risk-free interest rate 2.04% 1.50% Expected volatility 39.86% 41.49% Expected life in years 5.75 6.75

Other Income (Expense), Net (Ta

Other Income (Expense), Net (Tables)	3 Months Ended
	Mar. 31, 2017
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) 2017 2016 Net gain (loss) on foreign currency exchange contracts (1) $ 234 $ (199 ) Net gain (loss) on foreign currency exchange transactions 330 911 Other income (expense) 19 8 Other income (expense), net $ 583 $ 720 (1) This represents the gains (losses) incurred on foreign currency hedging derivatives (see Note 17 for further details).

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2017
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) 2017 2016 BASIC Net income attributable to Universal Electronics Inc. $ 119 $ 2,721 Weighted-average common shares outstanding 14,449 14,373 Basic earnings per share attributable to Universal Electronics Inc. $ 0.01 $ 0.19 DILUTED Net income attributable to Universal Electronics Inc. $ 119 $ 2,721 Weighted-average common shares outstanding for basic 14,449 14,373 Dilutive effect of stock options and restricted stock 268 264 Weighted-average common shares outstanding on a diluted basis 14,717 14,637 Diluted earnings per share attributable to Universal Electronics Inc. $ 0.01 $ 0.19
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) 2017 2016 Stock options 128 256 Restricted stock awards 59 20

Derivatives (Tables)

Derivatives (Tables)	3 Months Ended
	Mar. 31, 2017
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, 2017 December 31, 2016 Fair Value Measurement Using Total Balance Fair Value Measurement Using Total Balance (In thousands) Level 1 Level 2 Level 3 Level 1 Level 2 Level 3 Foreign currency exchange contracts $ — $ (453 ) $ — $ (453 ) $ — $ (1,584 ) $ — $ (1,584 )
Schedule of Futures Contracts	Details of foreign currency exchange 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, 2017 USD/Euro USD $ 20.0 1.0557 $ (239 ) April 5, 2017 March 31, 2017 USD/Chinese Yuan Renminbi USD $ 16.0 6.9210 $ (60 ) May 19, 2017 March 31, 2017 USD/Brazilian Real USD $ 3.0 3.2982 $ (154 ) April 20, 2017 December 31, 2016 USD/Euro USD $ 18.0 1.0513 $ (61 ) January 27, 2017 December 31, 2016 USD/Chinese Yuan Renminbi Chinese Yuan Renminbi $ 25.0 6.7230 $ (974 ) January 13, 2017 December 31, 2016 USD/Chinese Yuan Renminbi Chinese Yuan Renminbi $ 10.0 6.6757 $ (457 ) January 13, 2017 December 31, 2016 USD/Brazilian Real USD $ 2.0 3.4775 $ (131 ) January 13, 2017 December 31, 2016 USD/Brazilian Real USD $ 4.0 3.2316 $ 39 January 13, 2017 (1) Unrealized gains on foreign currency exchange contracts are recorded in prepaid expenses and other current assets. Unrealized losses on foreign currency exchange contracts are recorded in other accrued expenses.

Basis of Presentation and Sig40

Basis of Presentation and Significant Accounting Policies (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Jan. 01, 2017
Deferred tax asset increase	$ 17,706
Accounting Standards Update 2016-09
Deferred tax asset increase		$ 1,500
Retained Earnings | Accounting Standards Update 2016-09
Retained earnings increase		$ 1,500

Cash and Cash Equivalents and41

Cash and Cash Equivalents and Restricted Cash (Details) $ in Thousands, ¥ in Millions	Feb. 10, 2017USD ($)	Mar. 31, 2017USD ($)	Dec. 31, 2016USD ($)	Sep. 26, 2016CNY (¥)	Mar. 31, 2016USD ($)	Dec. 31, 2015USD ($)	Sep. 04, 2015USD ($)
Cash and Cash Equivalents [Line Items]
Total cash and cash equivalents		$ 62,654	$ 50,611		$ 56,077	$ 52,966
Restricted Cash [Abstract]
Long-term restricted cash		4,643	4,600
Disposed of by sale | Guangzhou Factory
Restricted Cash [Abstract]
Long-term restricted cash		4,600		¥ 32
Surety bond
Restricted Cash [Abstract]
Restricted cash							$ 4,600
Return of surety bond	$ 4,600
United States
Cash and Cash Equivalents [Line Items]
Total cash and cash equivalents		20,382	3,277
People's Republic of China (PRC)
Cash and Cash Equivalents [Line Items]
Total cash and cash equivalents		17,676	22,142
Asia (excluding the PRC)
Cash and Cash Equivalents [Line Items]
Total cash and cash equivalents		4,833	5,260
Europe
Cash and Cash Equivalents [Line Items]
Total cash and cash equivalents		18,214	19,630
South America
Cash and Cash Equivalents [Line Items]
Total cash and cash equivalents		$ 1,549	$ 302

Accounts Receivable, Net and 42

Accounts Receivable, Net and Revenue Concentrations - Accounts Receivable (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016	Mar. 31, 2016	Dec. 31, 2015
Accounts Receivable, Net, Current [Abstract]
Trade receivables, gross	$ 124,399	$ 120,965
Allowance for doubtful accounts	(945)	(904)	$ (799)	$ (822)
Allowance for sales returns	(501)	(539)
Net trade receivables	122,953	119,522
Other	6,278	5,070
Accounts receivable, net	$ 129,231	$ 124,592

Accounts Receivable, Net and 43

Accounts Receivable, Net and Revenue Concentrations - Allowance for Doubtful Accounts (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Schedule of Allowance for Doubtful Accounts
Balance at beginning of period	$ 904	$ 822
Additions (reductions) to costs and expenses	23	(40)
(Write-offs)/Foreign exchange effects	18	17
Balance at end of period	$ 945	$ 799

Accounts Receivable, Net and 44

Accounts Receivable, Net and Revenue Concentrations - Sales Returns (Details) - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016
Receivables [Abstract]
Allowance for sales return	$ 0.3	$ 0.4

Accounts Receivable, Net and 45

Accounts Receivable, Net and Revenue Concentrations - Significant Customers (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016
Revenue and Accounts Receivable, Major Customer [Line Items]
Net sales	$ 161,406	$ 150,658
Accounts receivable, net	129,231		$ 124,592
Sales | Comcast Corporation
Revenue and Accounts Receivable, Major Customer [Line Items]
Net sales	$ 42,247	$ 39,609
Concentration risk percentage	26.20%	26.30%
Sales | DIRECTV
Revenue and Accounts Receivable, Major Customer [Line Items]
Net sales	$ 16,632	$ 16,819
Concentration risk percentage	10.30%	11.20%
Trade accounts receivable | Comcast Corporation
Revenue and Accounts Receivable, Major Customer [Line Items]
Concentration risk percentage	19.50%		19.00%
Accounts receivable, net	$ 25,156		$ 23,716
Trade accounts receivable | DIRECTV
Revenue and Accounts Receivable, Major Customer [Line Items]
Concentration risk percentage	11.80%		10.30%
Accounts receivable, net	$ 15,299		$ 12,878

Inventories, Net and Signific46

Inventories, Net and Significant Supplier - Inventories, Net (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016	Mar. 31, 2016	Dec. 31, 2015
Inventory Disclosure [Abstract]
Raw materials	$ 40,496	$ 33,059
Components	19,690	15,046
Work in process	5,892	5,860
Finished goods	69,666	80,119
Reserve for excess and obsolete inventory	(4,209)	(4,205)	$ (3,292)	$ (3,045)
Inventories, net	$ 131,535	$ 129,879

Inventories, Net and Signific47

Inventories, Net and Significant Supplier - Inventory Reserve (Details) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2017	Mar. 31, 2016
Schedule of Reserve for Excess and Obsolete Inventory [Rollforward]
Balance at beginning of period		$ 4,205	$ 3,045
Additions charged to costs and expenses	[1]	632	693
Sell through	[2]	(354)	(211)
(Write-offs)/Foreign exchange effects		(274)	(235)
Balance at end of period		4,209	3,292
Inventory scrapped during production		$ 27	$ 63
[1]	The additions charged to costs and expenses do not include inventory directly written-off that was scrapped during production totaling $27 thousand and $63 thousand for the three months ended March 31, 2017 and 2016, 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 Signific48

Inventories, Net and Significant Supplier - Purchases from Significant Supplier (Details) - Texas Instrument - Cost of goods - Related party supplier - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Concentration Risk [Line Items]
Purchases from significant supplier	$ 9.1	$ 8.5
Concentration risk percentage	10.40%	10.80%

Inventories, Net and Signific49

Inventories, Net and Significant Supplier - Related Party Supplier (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016
Executive Vice President
Related Party Transaction
Ownership percentage in third party by executive	40.00%
Affiliated Entity | Related party supplier | Cost of goods
Related Party Transaction
Purchases from related party	$ 946	$ 1,612
Concentration risk percentage	1.10%	2.00%
Affiliated Entity | Related party supplier | Accounts payable
Related Party Transaction
Concentration risk percentage	1.30%		1.70%
Accounts payable	$ 1,177		$ 1,690

Goodwill and Intangible Asset50

Goodwill and Intangible Assets, Net - Goodwill (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2017USD ($)
Goodwill [Roll Forward]
Balance at December 31, 2016	$ 43,052
Foreign exchange effects	(4)
Balance at March 31, 2017	$ 43,048

Goodwill and Intangible Asset51

Goodwill and Intangible Assets, Net - Finite-Lived Intangibles (Details) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016
Finite-Lived Intangible Assets, Net [Abstract]
Gross	[1]	$ 54,417		$ 55,170
Accumulated Amortization	[1]	(27,082)		(26,621)
Net		27,335		28,549
Finite-lived intangible assets, fully amortized, gross		11,200		10,200
Amortization expense		1,600	$ 1,554
Cost of sales
Finite-Lived Intangible Assets, Net [Abstract]
Amortization expense		19	21
Selling, general and administrative expenses
Finite-Lived Intangible Assets, Net [Abstract]
Amortization expense		1,581	$ 1,533
Distribution rights
Finite-Lived Intangible Assets, Net [Abstract]
Gross	[1]	302		302
Accumulated Amortization	[1]	(119)		(119)
Net		183		183
Patents
Finite-Lived Intangible Assets, Net [Abstract]
Gross	[1]	11,345		12,038
Accumulated Amortization	[1]	(3,988)		(4,775)
Net		7,357		7,263
Trademarks and trade names
Finite-Lived Intangible Assets, Net [Abstract]
Gross	[1]	2,396		2,400
Accumulated Amortization	[1]	(1,371)		(1,310)
Net		1,025		1,090
Developed and core technology
Finite-Lived Intangible Assets, Net [Abstract]
Gross	[1]	12,578		12,585
Accumulated Amortization	[1]	(4,569)		(4,068)
Net		8,009		8,517
Capitalized software development costs
Finite-Lived Intangible Assets, Net [Abstract]
Gross	[1]	142		142
Accumulated Amortization	[1]	(24)		(5)
Net		118		137
Customer relationships
Finite-Lived Intangible Assets, Net [Abstract]
Gross	[1]	27,654		27,703
Accumulated Amortization	[1]	(17,011)		(16,344)
Net		$ 10,643		$ 11,359
[1]	This table excludes the gross value of fully amortized intangible assets totaling $11.2 million and $10.2 million at March 31, 2017 and December 31, 2016, respectively.

Goodwill and Intangible Asset52

Goodwill and Intangible Assets, Net - Future Amortization Expense (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Schedule of Estimated Future Amortization expense
2017 (remaining 9 months)	$ 4,797
2,018	6,364
2,019	6,285
2,020	5,196
2,021	1,782
Thereafter	2,911
Net	$ 27,335	$ 28,549

Line of Credit (Details)

Line of Credit (Details) - USD ($)	Apr. 14, 2017	Mar. 31, 2017	Mar. 31, 2016	May 05, 2017	Dec. 31, 2016	Sep. 19, 2016
Line of Credit Facility [Line Items]
Letter of credit outstanding amount		$ 0
Amount outstanding under line of credit		88,000,000			$ 49,987,000
Interest expense on borrowings		$ 500,000	$ 300,000
Line of Credit
Line of Credit Facility [Line Items]
Maximum borrowing capacity						$ 85,000,000
Line of Credit | US Bank
Line of Credit Facility [Line Items]
Effective interest rate		2.11%
Commitment fees		$ 0
Subsequent event | Line of Credit
Line of Credit Facility [Line Items]
Maximum borrowing capacity				$ 115,000,000
Subsequent event | Line of Credit | US Bank | London Interbank Offered Rate (LIBOR) | Minimum
Line of Credit Facility [Line Items]
Basis spread on variable rate	1.25%
Subsequent event | Line of Credit | US Bank | London Interbank Offered Rate (LIBOR) | Maximum
Line of Credit Facility [Line Items]
Basis spread on variable rate	1.75%
Subsequent event | Line of Credit | US Bank | Base Rate | Minimum
Line of Credit Facility [Line Items]
Basis spread on variable rate	0.00%
Subsequent event | Line of Credit | US Bank | Base Rate | Maximum
Line of Credit Facility [Line Items]
Basis spread on variable rate	0.50%
Subsequent event | Line of Credit | US Bank | Enson
Line of Credit Facility [Line Items]
Subsidiary ownership percentage securing facility	65.00%

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016
Income Tax Disclosure [Abstract]
Income tax expense (benefit)	$ (294)	$ 751
Reversal of reserve due to favorable foreign tax ruling	200
Excess tax benefits related to stock-based compensation	100
Effective tax rate		21.50%
Unrecognized tax benefits	3,800
Unrecognized tax benefits that would impact effective rate	3,500
Decrease in unrecognized tax benefits is reasonably possible in next 12 months	100
Accrued interest and penalties	$ 300		$ 300

Accrued Compensation (Details)

Accrued Compensation (Details) - USD ($) $ in Thousands		Mar. 31, 2017	Dec. 31, 2016
Components of Accrued Compensation
Accrued social insurance	[1]	$ 17,088	$ 19,974
Accrued salary/wages		7,880	7,903
Accrued vacation/holiday		2,845	2,411
Accrued bonus	[2]	1,873	2,421
Accrued commission		373	933
Accrued medical insurance claims		146	122
Other accrued compensation		1,671	1,816
Total accrued compensation		31,876	35,580
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, 2017 and December 31, 2016.
[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, 2017 and December 31, 2016, respectively.

Other Accrued Expenses (Details

Other Accrued Expenses (Details) - USD ($) $ in Thousands		Mar. 31, 2017	Dec. 31, 2016	Mar. 31, 2016	Dec. 31, 2015
Payables and Accruals [Abstract]
Advertising and marketing		$ 228	$ 213
Deferred revenue		1,421	1,431
Duties		1,125	1,127
Freight and handling fees		1,830	1,919
Product development		641	454
Product warranty claim costs		132	134	$ 35	$ 35
Professional fees		1,814	1,313
Property, plant, and equipment		1,334	1,017
Sales taxes and VAT		2,613	2,715
Short-term contingent consideration		2,400	0
Third-party commissions		610	853
Tooling	[1]	1,858	1,520
Unrealized loss on foreign currency exchange contracts		453	1,623
URC court order and settlement agreement		0	6,622
Utilities		142	331
Other		3,714	3,138
Total other accrued expenses		$ 20,315	$ 24,410
[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, 2017	Mar. 31, 2016
Schedule of Changes in Reserve for Product Warranty Claim Costs
Balance at beginning of period	$ 134	$ 35
Accruals for warranties issued during the period	0	0
Settlements (in cash or in kind) during the period	(2)	0
Balance at end of period	$ 132	$ 35

Commitments and Contingencies58

Commitments and Contingencies - Restructuring Activities and Sale of Guangzhou Factory (Details) $ in Thousands, ¥ in Millions	Sep. 26, 2016USD ($)	Mar. 31, 2017USD ($)	Mar. 31, 2016USD ($)	Sep. 26, 2016CNY (¥)
Restructuring Cost and Reserve [Line Items]
Factory transition restructuring charges		$ 5,250	$ 1,433
Guangzhou Factory | Disposed of by sale
Restructuring Cost and Reserve [Line Items]
Consideration	$ 46,000			¥ 320
Period to cease operations (up to)	24 months
Expected term of completion	28 months
Escrow deposit as percentage of purchase price	10.00%			10.00%
Employee severance | Manufacturing activities transition
Restructuring Cost and Reserve [Line Items]
Additional restructuring expenses expected to be incurred		2,000
Employee severance | Manufacturing activities transition | Accrued compensation
Restructuring Cost and Reserve [Line Items]
Unpaid severance costs		200
Employee severance | Manufacturing activities transition | Selling, general and administrative expenses
Restructuring Cost and Reserve [Line Items]
Factory transition restructuring charges		$ 5,300	$ 1,400

Commitments and Contingencies59

Commitments and Contingencies - Gain and Loss Contingencies (Details) - Patent Lawsuit Against UEBV and Telenet - Pending litigation	Jun. 10, 2015productsubsidiarypatentcustomer	Sep. 30, 2015patent
Contingencies [Line Items]
Number of subsidiaries named in lawsuit | subsidiary	1
Number of customers named in lawsuit | customer	1
Design patents
Contingencies [Line Items]
Number of products named in lawsuit | product	1
Number of patents allegedly infringed upon	2
Utility patent
Contingencies [Line Items]
Number of patents allegedly infringed upon	1	1

Treasury Stock (Details)

Treasury Stock (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Apr. 26, 2017
Class of Stock [Line Items]
Shares available for repurchase (in shares)	194,565
Shares repurchased (in shares)	185,000	33,000
Cost of shares repurchased	$ 11,389	$ 1,724
Subsequent event
Class of Stock [Line Items]
Shares available for repurchase (in shares)			200,000
Increase in shares available for repurchase (in shares)			5,435

Business Segment and Foreign 61

Business Segment and Foreign Operations - Foreign Operations (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Schedule of Revenues from Geographical Segments [Line Items]
Total net sales	$ 161,406	$ 150,658
United States
Schedule of Revenues from Geographical Segments [Line Items]
Total net sales	81,928	83,938
Asia (excluding the PRC)
Schedule of Revenues from Geographical Segments [Line Items]
Total net sales	24,650	21,573
People's Republic of China (PRC)
Schedule of Revenues from Geographical Segments [Line Items]
Total net sales	15,743	16,926
Europe
Schedule of Revenues from Geographical Segments [Line Items]
Total net sales	17,424	15,783
Latin America
Schedule of Revenues from Geographical Segments [Line Items]
Total net sales	15,645	7,555
Other
Schedule of Revenues from Geographical Segments [Line Items]
Total net sales	$ 6,016	$ 4,883

Business Segment and Foreign 62

Business Segment and Foreign Operations - Long-lived Assets (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Long-lived Assets from External Customers and Long-Lived Assets [Line Items]
Total long-lived tangible assets	$ 111,610	$ 110,247
United States
Long-lived Assets from External Customers and Long-Lived Assets [Line Items]
Total long-lived tangible assets	12,584	11,948
People's Republic of China (PRC)
Long-lived Assets from External Customers and Long-Lived Assets [Line Items]
Total long-lived tangible assets	94,753	94,113
All other countries
Long-lived Assets from External Customers and Long-Lived Assets [Line Items]
Total long-lived tangible assets	$ 4,273	$ 4,186

Stock-Based Compensation - Expe

Stock-Based Compensation - Expense (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total employee and director stock-based compensation expense	$ 2,623	$ 2,493
Income tax benefit	815	733
Cost of sales
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total employee and director stock-based compensation expense	15	14
Research and development expenses
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total employee and director stock-based compensation expense	119	136
Selling, general and administrative expenses | Employees
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total employee and director stock-based compensation expense	1,744	1,845
Selling, general and administrative expenses | Outside directors
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total employee and director stock-based compensation expense	$ 745	$ 498

Stock-Based Compensation - Opti

Stock-Based Compensation - Option Activity (Details) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2017USD ($)$ / sharesshares
Number of Options (in 000's)
Outstanding at beginning of period (in shares) | shares	652
Granted (in shares) | shares	92
Exercised (in shares) | shares	(8)
Forfeited/canceled/expired (in shares) | shares	0
Outstanding at end of period (in shares) | shares	736	[1]
Vested and expected to vest at end of period (in shares) | shares	736	[1]
Exercisable at end of period (in shares) | shares	452	[1]
Weighted-Average Exercise Price
Outstanding at beginning of period (in dollars per share) | $ / shares	$ 39.27
Granted (in dollars per share) | $ / shares	62.70
Exercised (in dollars per share) | $ / shares	29.53
Forfeited/canceled/expired (in dollars per share) | $ / shares	0
Outstanding at end of period (in dollars per share) | $ / shares	42.30	[1]
Vested and expected to vest at end of period (in dollars per share) | $ / shares	42.30	[1]
Exercisable at end of period (in dollars per share) | $ / shares	$ 34.30	[1]
Weighted-Average Remaining Contractual Term (in years)
Outstanding at end of period	4 years 10 months 9 days	[1]
Vested and expected to vest at end of period	4 years 10 months 9 days	[1]
Exercisable at end of period	4 years 1 month 6 days	[1]
Exercised | $	$ 306
Outstanding at end of period | $	19,275	[1]
Vested and expected to vest at end of period | $	19,272	[1]
Exercisable at end of period | $	$ 15,450	[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 2017 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, 2017. 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, 2017	Mar. 31, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Weighted average fair value of grants (in dollars per share)	$ 19.61	$ 17.96
Risk-free interest rate	1.75%	1.36%
Expected volatility	34.25%	41.38%
Expected life in years	4 years 6 months 7 days	4 years 6 months 18 days

Stock-based Compensation - Addi

Stock-based Compensation - Additional Disclosures (Details) $ in Millions	3 Months Ended
	Mar. 31, 2017USD ($)
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized pre-tax stock-based compensation expense	$ 4.9
Unrecognized pre-tax stock-based compensation expense, remaining weighted-average life	2 years 1 month 6 days
Restricted stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized pre-tax stock-based compensation expense	$ 12
Unrecognized pre-tax stock-based compensation expense, remaining weighted-average life	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, 2017$ / sharesshares
Shares (in 000's)
Non-vested at beginning of period (in shares) | shares	153
Granted (in shares) | shares	98
Vested (in shares) | shares	(26)
Forfeited (in shares) | shares	(1)
Non-vested at end of period (in shares) | shares	224
Weighted-Average Grant Date Fair Value
Non-vested at beginning of period (in dollars per share) | $ / shares	$ 57.43
Granted (in dollars per share) | $ / shares	63.39
Vested (in dollars per share) | $ / shares	56.94
Forfeited (in dollars per share) | $ / shares	58.95
Non-vested at end of period (in dollars per share) | $ / shares	$ 60.09

Performance-Based Common Stoc68

Performance-Based Common Stock Warrants - Additional Disclosures (Details) - Common stock purchase warrant	Mar. 09, 2016USD ($)vesting_period$ / sharesshares	Mar. 31, 2017USD ($)shares	Mar. 31, 2016USD ($)
Class of Warrant or Right [Line Items]
Number of shares called by warrants (in shares) | 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	$ 900,000
Income tax benefit		(300,000)	$ (300,000)
Unrecognized fair value of unvested warrants		$ 19,800,000
Supply threshold
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 Stoc69

Performance-Based Common Stock Warrants - Purchase Level and Number of Warrants to Vest (Details) - Supply threshold - Common stock purchase warrant	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 (in shares)	100,000
Incremental warrants that will vest, vesting period one, supply threshold level two (in shares)	75,000
Incremental warrants that will vest, vesting period one, supply threshold level three (in shares)	75,000
Maximum potential warrants that will vest, vesting period one (in shares)	250,000
Incremental warrants that will vest, vesting period two, supply threshold level one (in shares)	100,000
Incremental warrants that will vest, vesting period two, supply threshold level two (in shares)	75,000
Incremental warrants that will vest, vesting period two, supply threshold level three (in shares)	75,000
Maximum potential warrants that will vest, vesting period two (in shares)	250,000
Incremental warrants that will vest, vesting period three, supply threshold level one (in shares)	75,000
Incremental warrants that will vest, vesting period three, supply threshold level two (in shares)	75,000
Incremental warrants that will vest, vesting period three, supply threshold level three (in shares)	75,000
Maximum potential warrants that will vest, vesting period three (in shares)	225,000

Performance-Based Common Stoc70

Performance-Based Common Stock Warrants - Fair Value Assumptions (Details) - Common stock purchase warrant - $ / shares	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Class of Warrant or Right [Line Items]
Fair value (in dollars per share)	$ 32.32	$ 29.86
Price of Universal Electronics Inc. common stock (in dollars per share)	$ 67.975	$ 62.295
Risk-free interest rate	2.04%	1.50%
Expected volatility	39.86%	41.49%
Expected life in years	5 years 9 months	6 years 9 months

Other Income (Expense), Net (De

Other Income (Expense), Net (Details) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2017	Mar. 31, 2016
Other Income and Expenses [Abstract]
Net gain (loss) on foreign currency exchange contracts	[1]	$ 234	$ (199)
Net gain (loss) on foreign currency exchange transactions		330	911
Other income (expense)		19	8
Other income (expense), net		$ 583	$ 720
[1]	This represents the gains (losses) incurred on foreign currency hedging derivatives (see Note 17 for further details).

Earnings Per Share - Basic and

Earnings Per Share - Basic and Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
BASIC
Net income attributable to Universal Electronics Inc.	$ 119	$ 2,721
Weighted-average common shares outstanding (in shares)	14,449	14,373
Basic earnings per share attributable to Universal Electronics Inc. (in dollars per share)	$ 0.01	$ 0.19
DILUTED
Net income attributable to Universal Electronics Inc.	$ 119	$ 2,721
Weighted-average common shares outstanding (in shares)	14,449	14,373
Dilutive effect of stock options and restricted stock (in shares)	268	264
Weighted-average common shares outstanding on a diluted basis (in shares)	14,717	14,637
Diluted earnings per share attributable to Universal Electronics Inc. (in dollars per share)	$ 0.01	$ 0.19

Earnings Per Share - Antidiluti

Earnings Per Share - Antidilutive Shares (Details) - shares shares in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
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 (in shares)	128	256
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 (in shares)	59	20

Derivatives - Additional Disclo

Derivatives - Additional Disclosures (Details) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2017	Mar. 31, 2016
Derivative Instruments,Gain (Loss) [Line Items]
Net gain (loss) on foreign currency exchange contracts	[1]	$ 234	$ (199)
Other income (expense), net | Not designated as hedging instrument | Foreign currency exchange contracts
Derivative Instruments,Gain (Loss) [Line Items]
Net gain (loss) on foreign currency exchange contracts		$ 200	$ (200)
[1]	This represents the gains (losses) incurred on foreign currency hedging derivatives (see Note 17 for further details).

Derivatives - Fair Value (Detai

Derivatives - Fair Value (Details) - Fair Value Measurement Using - Foreign currency exchange contracts - Not designated as hedging instrument - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Estimate of fair value measurement
Derivatives, Fair Value [Line Items]
Foreign currency exchange contracts	$ (453)	$ (1,584)
Level 1
Derivatives, Fair Value [Line Items]
Foreign currency exchange contracts	0	0
Level 2
Derivatives, Fair Value [Line Items]
Foreign currency exchange contracts	(453)	(1,584)
Level 3
Derivatives, Fair Value [Line Items]
Foreign currency exchange contracts	$ 0	$ 0

Derivatives - Contracts Held (D

Derivatives - Contracts Held (Details) - Not designated as hedging instrument		3 Months Ended	12 Months Ended
		Mar. 31, 2017USD ($)$ / €$ / ¥$ / BRL	Dec. 31, 2016USD ($)$ / €¥ / $$ / BRL
Foreign currency exchange contracts | USD/Euro
Derivative [Line Items]
Notional value		$ 20,000,000	$ 18,000,000
Forward rate | $ / €		1.0557	1.0513
Unrealized gain/(loss) recorded at balance sheet date	[1]	$ (239,000)	$ (61,000)
Foreign currency exchange contracts | USD/Chinese Yuan Renminbi
Derivative [Line Items]
Notional value		$ 16,000,000
Forward rate | $ / ¥		6.921
Unrealized gain/(loss) recorded at balance sheet date	[1]	$ (60,000)
Foreign Exchange Forward, Contract Four [Member] | USD/Chinese Yuan Renminbi
Derivative [Line Items]
Notional value			$ 25,000,000
Forward rate | ¥ / $			6.7230
Unrealized gain/(loss) recorded at balance sheet date	[1]		$ (974,000)
Foreign currency exchange contract, One | USD/Brazilian Real
Derivative [Line Items]
Notional value		$ 3,000,000	$ 2,000,000
Forward rate | $ / BRL		3.2982	3.4775
Unrealized gain/(loss) recorded at balance sheet date	[1]	$ (154,000)	$ (131,000)
Foreign currency exchange contract, Two | USD/Brazilian Real
Derivative [Line Items]
Notional value			$ 4,000,000
Forward rate | $ / BRL			3.2316
Unrealized gain/(loss) recorded at balance sheet date	[1]		$ 39,000
Foreign currency exchange contract, Three | USD/Chinese Yuan Renminbi
Derivative [Line Items]
Notional value			$ 10,000,000
Forward rate | ¥ / $			6.6757
Unrealized gain/(loss) recorded at balance sheet date	[1]		$ (457,000)
[1]	Unrealized gains on foreign currency exchange contracts are recorded in prepaid expenses and other current assets. Unrealized losses on foreign currency exchange contracts are recorded in other accrued expenses.

Subsequent Event (Details)

Subsequent Event (Details) - Residential Control Systems, Inc - Subsequent event $ in Millions	Apr. 06, 2017USD ($)
Subsequent Event [Line Items]
Initial purchase price	$ 9
Purchase price term	5 years 6 months
Future contingent cash consideration	$ 10