Universal Electronics (UEIC) 10-Q 9 May 19 2019 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2019	May 06, 2019
Document and Entity Information [Abstract]
Entity Registrant Name	UNIVERSAL ELECTRONICS INC
Entity Central Index Key	0000101984
Document Type	10-Q
Document Period End Date	Mar. 31, 2019
Amendment Flag	false
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q1
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Emerging Growth Company	false
Entity Small Business	false
Entity Common Stock, Shares Outstanding		13,859,401

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Current assets:
Cash and cash equivalents	$ 44,895	$ 53,207
Accounts receivable, net	158,071	144,689
Contract assets	26,001	25,572
Inventories, net	149,966	144,350
Prepaid expenses and other current assets	10,024	11,638
Income tax receivable	2,255	997
Total current assets	391,212	380,453
Property, plant and equipment, net	94,036	95,840
Goodwill	48,448	48,485
Intangible assets, net	23,237	24,370
Operating lease right-of-use assets	21,315
Deferred income taxes	1,741	1,833
Other assets	2,366	4,615
Total assets	582,355	555,596
Current liabilities:
Accounts payable	107,715	107,282
Line of credit	106,500	101,500
Accrued compensation	33,864	33,965
Accrued sales discounts, rebates and royalties	7,813	9,574
Accrued income taxes	1,881	3,524
Other accrued liabilities	31,669	24,011
Total current liabilities	289,442	279,856
Long-term liabilities:
Operating lease obligations	17,520
Contingent consideration	4,846	8,435
Deferred income taxes	3,722	930
Income tax payable	1,640	1,647
Other long-term liabilities	13	1,768
Total liabilities	317,183	292,636
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; 24,018,606 and 23,932,703 shares issued on March 31, 2019 and December 31, 2018, respectively	240	239
Paid-in capital	278,801	276,103
Treasury stock, at cost, 10,159,205 and 10,116,459 shares on March 31, 2019 and December 31, 2018, respectively	(277,104)	(275,889)
Accumulated other comprehensive income (loss)	(18,548)	(20,281)
Retained earnings	281,783	282,788
Total stockholders' equity	265,172	262,960
Total liabilities and stockholders' equity	$ 582,355	$ 555,596

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Mar. 31, 2019	Dec. 31, 2018
Stockholders' equity:
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)	24,018,606	23,932,703
Treasury stock, shares (in shares)	10,159,205	10,116,459

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Income Statement [Abstract]
Net sales	$ 184,163	$ 164,698
Cost of sales	144,289	127,496
Gross profit	39,874	37,202
Research and development expenses	6,791	6,051
Selling, general and administrative expenses	31,420	30,247
Operating income	1,663	904
Interest income (expense), net	(1,206)	(1,070)
Other income (expense), net	(466)	(587)
Income (loss) before provision for income taxes	(9)	(753)
Provision for income taxes (benefit)	996	(166)
Net income (loss)	$ (1,005)	$ (587)
Earnings (loss) per share:
Basic (in dollars per share)	$ (0.07)	$ (0.04)
Diluted (in dollars per share)	$ (0.07)	$ (0.04)
Shares used in computing earnings (loss) per share:
Basic (in shares)	13,827	14,087
Diluted (in shares)	13,827	14,087

CONSOLIDATED COMPREHENSIVE INCO

CONSOLIDATED COMPREHENSIVE INCOME (LOSS) STATEMENTS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ (1,005)	$ (587)
Other comprehensive income (loss):
Change in foreign currency translation adjustment	1,733	3,646
Comprehensive income (loss)	$ 728	$ 3,059

CONSOLIDATED STATEMENTS OF STOC

CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock Issued	Common Stock in Treasury	Paid-in Capital	Accumulated Other Comprehensive Income (Loss)	Retained Earnings
Balance (in shares) at Dec. 31, 2017		23,760	(9,703)
Balance at Dec. 31, 2017	$ 257,633	$ 238	$ (262,065)	$ 265,195	$ (16,599)	$ 270,864
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(587)					(587)
Currency translation adjustment	3,646				3,646
Shares issued for employee benefit plan and compensation (in shares)		42
Shares issued for employee benefit plan and compensation	$ 336			336
Purchase of treasury shares (in shares)	(13)		(13)
Purchase of treasury shares	$ (615)		$ (615)
Stock options exercised (in shares)		20
Stock options exercised	439	$ 0		439
Shares issued to directors (in shares)		8
Shares issued to directors	0	$ 0
Employee and director stock-based compensation	2,204			2,204
Performance - based common stock warrants	471			471
Balance (in shares) at Mar. 31, 2018		23,830	(9,716)
Balance at Mar. 31, 2018	263,527	$ 238	$ (262,680)	268,645	(12,953)	270,277
Balance (in shares) at Dec. 31, 2018		23,933	(10,116)
Balance at Dec. 31, 2018	262,960	$ 239	$ (275,889)	276,103	(20,281)	282,788
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(1,005)					(1,005)
Currency translation adjustment	1,733				1,733
Shares issued for employee benefit plan and compensation (in shares)		78
Shares issued for employee benefit plan and compensation	$ 347	$ 1		346
Purchase of treasury shares (in shares)	(43)		(43)
Purchase of treasury shares	$ (1,215)		$ (1,215)
Stock options exercised (in shares)	0
Shares issued to directors (in shares)		8
Shares issued to directors	$ 0	$ 0
Employee and director stock-based compensation	1,918			1,918
Performance - based common stock warrants	434			434
Balance (in shares) at Mar. 31, 2019		24,019	(10,159)
Balance at Mar. 31, 2019	$ 265,172	$ 240	$ (277,104)	$ 278,801	$ (18,548)	$ 281,783

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Cash provided by (used for) operating activities:
Net income (loss)	$ (1,005)	$ (587)
Adjustments to reconcile net income (loss) to net cash provided by (used for) operating activities:
Depreciation and amortization	8,019	8,243
Provision for doubtful accounts	3	4
Provision for inventory write-downs	2,537	756
Deferred income taxes	2,966	913
Shares issued for employee benefit plan	347	336
Employee and director stock-based compensation	1,918	2,204
Performance-based common stock warrants	434	471
Changes in operating assets and liabilities:
Accounts receivable and contract assets	(14,056)	(266)
Inventories	(6,519)	1,372
Prepaid expenses and other assets	735	(455)
Accounts payable and accrued liabilities	3,017	(21,160)
Accrued income taxes	(2,943)	(3,774)
Net cash provided by (used for) operating activities	(4,547)	(11,943)
Cash provided by (used for) investing activities:
Acquisitions of property, plant and equipment	(2,800)	(9,314)
Acquisitions of intangible assets	(653)	(571)
Net cash provided by (used for) investing activities	(3,453)	(9,885)
Cash provided by (used for) financing activities:
Borrowings under line of credit	25,000	13,000
Repayments on line of credit	(20,000)	(10,000)
Proceeds from stock options exercised	0	439
Treasury stock purchased	(1,215)	(615)
Contingent consideration payments in connection with business combinations	(4,251)	(3,858)
Net cash provided by (used for) financing activities	(466)	(1,034)
Effect of exchange rate changes on cash, cash equivalents and restricted cash	154	832
Net increase (decrease) in cash, cash equivalents and restricted cash	(8,312)	(22,030)
Cash, cash equivalents and restricted cash at beginning of year	53,207	67,339
Cash, cash equivalents and restricted cash at end of period	44,895	45,309
Supplemental cash flow information:
Income taxes paid	1,942	2,893
Interest paid	$ 1,186	$ 1,164

Basis of Presentation and Signi

Basis of Presentation and Significant Accounting Policies	3 Months Ended
	Mar. 31, 2019
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 and certain reclassifications have been made to prior year amounts in order to conform to the current year presentation. 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, 2019 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, 2018 . 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 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. Summary of Significant Accounting Policies We adopted Accounting Standards Update ("ASU") 2016-02, "Leases," and all related amendments as of January 1, 2019. The impact of this new guidance on our accounting policies and consolidated financial statements is also described below. There have been no other significant changes in our accounting policies during the three months ended March 31, 2019 compared to the significant accounting policies described in our Annual Report on Form 10-K for the year ended December 31, 2018 . Leases We determine if an arrangement is a lease at inception and determine the classification of the lease, as either operating or finance, at commencement. Operating leases are included in operating lease right-of-use (“ROU”) assets, other accrued liabilities and long-term operating lease liabilities on our consolidated balance sheets. We presently do not have any finance leases. ROU assets represent our right to use an underlying asset for the lease term and lease liabilities represent our obligation to make lease payments arising from the lease. Operating lease ROU assets and liabilities are recognized at the commencement date of the lease based on the present value of lease payments over the lease term. As most of our leases do not provide an implicit rate, we use our incremental borrowing rate based on the information available at the commencement date, including the lease term, in determining the present value of lease payments. Operating lease ROU assets also factor in any lease payments made, initial direct costs and lease incentives received. Our lease terms may include options to extend or terminate the lease when it is reasonably certain that we will exercise that option. Lease expense for lease payments is recognized on a straight-line basis over the lease term. Leases with an initial term of twelve months or less are not recorded on the balance sheet and are recognized on a straight-line basis over the lease term. If applicable, we combine lease and non-lease components, which primarily relate to ancillary expenses associated with real estate leases such as common area maintenance charges and management fees. Recently Adopted Accounting Pronouncements In February 2016, the Financial Accounting Standards Board ("FASB") issued ASU 2016-02 (with amendments issued in 2018), which changes the accounting for leases and requires expanded disclosures about leasing activities. This new guidance also requires 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. We adopted ASU 2016-02 on January 1, 2019 using the modified retrospective optional transition method. Thus, the standard was applied starting January 1, 2019 and prior periods were not restated. We applied the package of practical expedients permitted under the transition guidance. As a result, we did not reassess the identification, classification and initial direct costs of leases commencing before the effective date. We also applied the practical expedient to not separate lease and non-lease components to all new leases as well as leases commencing before the effective date. Upon adoption, ASU 2016-02 resulted in the recognition of lease ROU assets, accrued liabilities and long-term liabilities related to operating leases of $20.7 million , $3.3 million and $17.0 million , respectively. In addition, assets and liabilities totaling $2.5 million and $2.3 million , respectively, were reclassified into the opening ROU asset balance. The adoption of ASU 2016-02 did not result in any cumulative-effect adjustment to the opening balance of retained earnings and did not have any impact on our results of operations, cash flows or debt covenants. See Note 5 for additional information. Other Accounting Pronouncements In June 2018, the FASB issued ASU 2018-07, "Improvements to Non-employee Share-Based Payment Accounting." This guidance expands the scope of Topic 718, "Compensation - Stock Compensation" to include share-based payment transactions for acquiring goods and services from non-employees, but excludes awards granted in conjunction with selling goods or services to a customer as part of a contract accounted for under ASC 606, "Revenue from Contracts with Customers." The adoption of ASU 2018-07 did not have a material impact on our consolidated financial statements. Recent Accounting Updates Not Yet Effective In June 2016, the FASB issued ASU 2016-13, “Measurement of Credit Losses on Financial Instruments.” This guidance updates existing guidance for measuring and recording credit losses on financial assets measured at amortized cost by replacing the “incurred loss” model with an “expected loss” model. Accordingly, these financial assets will be presented at the net amount expected to be collected. ASU 2016-13 is effective for fiscal years beginning after December 15, 2020. Early adoption is permitted. We are currently evaluating the impact that ASU 2016-13 will have 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. In August 2018, the FASB issued ASU 2018-15, "Customer’s Accounting for implementation Costs Incurred in a Cloud Computing Arrangement That is a Service Contract," which amends ASC 350-40, "Intangibles - Goodwill and Other - Internal-Use Software." The ASU aligns the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software and requires the capitalized implementation costs to be expensed over the term of the hosting arrangement. The accounting for the service element of a hosting arrangement that is a service contract is not affected. ASU 2018-15 is effective for fiscal periods beginning after December 15, 2019, and interim periods within those fiscal years. We are currently evaluating the impact that ASU 2018-07 will have on our consolidated financial statements.

Cash and Cash Equivalents

Cash and Cash Equivalents	3 Months Ended
	Mar. 31, 2019
Cash and Cash Equivalents [Abstract]
Cash and Cash Equivalents	Cash and Cash Equivalents Cash and Cash Equivalents Cash and cash equivalents were held in the following geographic regions: (In thousands) March 31, 2019 December 31, 2018 United States $ 6,113 $ 1,156 People's Republic of China ("PRC") 12,981 20,885 Asia (excluding the PRC) 7,889 2,398 Europe 8,694 19,907 South America 9,218 8,861 Total cash and cash equivalents $ 44,895 $ 53,207

Accounts Receivable, Net and Re

Accounts Receivable, Net and Revenue Concentrations	3 Months Ended
	Mar. 31, 2019
Receivables [Abstract]
Accounts Receivable, Net and Revenue Concentrations	Accounts Receivable, Net and Revenue Concentrations Accounts receivable, net were as follows: (In thousands) March 31, 2019 December 31, 2018 Trade receivables, gross $ 143,752 $ 133,774 Allowance for doubtful accounts (1,120 ) (1,121 ) Allowance for sales returns (547 ) (731 ) Net trade receivables 142,085 131,922 Other 15,986 12,767 Accounts receivable, net $ 158,071 $ 144,689 Allowance for Doubtful Accounts Changes in the allowance for doubtful accounts were as follows: (In thousands) Three Months Ended March 31, 2019 2018 Balance at beginning of period $ 1,121 $ 1,064 Additions to costs and expenses 3 4 (Write-offs)/Foreign exchange effects (4 ) 9 Balance at end of period $ 1,120 $ 1,077 Significant Customers Net sales to the following customers totaled more than 10% of our net sales: Three Months Ended March 31, 2019 2018 $ (thousands) % of Net Sales $ (thousands) % of Net Sales Comcast Corporation $ 29,246 15.9 % $ 37,975 23.1 % Dish Network L.L.C. $ 19,678 10.7 % — (1) — (1) (1) Sales associated with this customer did not total more than 10% of our net sales for the three months ended March 31, 2018. Trade receivables associated with these significant customers that totaled more than 10% of our accounts receivable, net were as follows: March 31, 2019 December 31, 2018 $ (thousands) % of Accounts Receivable, Net $ (thousands) % of Accounts Receivable, Net Comcast Corporation $ 17,917 11.3 % — (1) — (1) (1) Trade receivables associated with this customer did not total more than 10% of our accounts receivable, net at December 31, 2018.

Inventories, Net and Significan

Inventories, Net and Significant Suppliers	3 Months Ended
	Mar. 31, 2019
Inventory Disclosure [Abstract]
Inventories, Net and Significant Suppliers	Inventories, Net and Significant Suppliers Inventories, net were as follows: (In thousands) March 31, 2019 December 31, 2018 Raw materials $ 71,784 $ 68,834 Components 16,759 25,071 Work in process 8,858 5,577 Finished goods 58,053 50,006 Reserve for excess and obsolete inventory (5,488 ) (5,138 ) Inventories, net $ 149,966 $ 144,350 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, 2019 2018 Balance at beginning of period $ 5,138 $ 4,288 Additions charged to costs and expenses (1) 1,422 643 Sell through (2) (378 ) (315 ) (Write-offs)/Foreign exchange effects (694 ) (388 ) Balance at end of period $ 5,488 $ 4,228 (1) The additions charged to costs and expenses do not include inventory directly written-off that was scrapped during production totaling $1.1 million and $0.1 million for the three months ended March 31, 2019 and 2018 , 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 Suppliers We purchase integrated circuits, components and finished goods from multiple sources. No suppliers totaled more than 10% of our total inventory purchases for the three months ended March 31, 2019 and 2018. Related Party Supplier During the three months ended March 31, 2018 , we purchased certain printed circuit board assemblies from a related party supplier. The supplier was considered a related party for financial reporting purposes because our Senior Vice President of Strategic Operations owned 40% of this supplier. In the second quarter of 2018, our Senior Vice President sold his interest in this supplier, and thus this supplier is no longer considered a related party. Total inventory purchases made from this supplier while it was a related party were $1.1 million during the three months ended March 31, 2018 .

Leases

Leases	3 Months Ended
	Mar. 31, 2019
Leases [Abstract]
Leases	Leases We have entered into various operating lease agreements for automobiles, offices and manufacturing facilities throughout the world. At March 31, 2019 , our operating leases had remaining lease terms of up to 42 years . Lease balances within our consolidated balance sheet were as follows: (In thousands) March 31, 2019 Assets: Operating lease right-of-use assets $ 21,315 Liabilities: Other accrued liabilities $ 3,762 Long-term operating lease obligations 17,520 Total lease liabilities $ 21,282 Operating lease expense, including short-term and variable lease costs, and operating lease cash flows and supplemental cash flow information were as follows: (In thousands) Three months ended March 31, 2019 Cost of sales $ 592 Selling, general and administrative expenses 1,384 Total operating lease expense $ 1,976 Operating cash outflows from operating leases $ 1,767 Operating lease right-of use assets obtained in exchange for lease obligations $ 1,524 Lease terms and discount rates were as follows: March 31, 2019 Weighted average lease term (in years) 9.20 Weighed average discount rate 4.78 % The following table reconciles the undiscounted cash flows for each of the first five years and thereafter to the operating lease liabilities recognized in our consolidated balance sheet at March 31, 2019 . The reconciliation excludes short-term leases that are not recorded on the balance sheet. (In thousands) March 31, 2019 2019 (remaining 9 months) $ 3,424 2020 5,121 2021 5,276 2022 4,435 2023 2,358 Thereafter 3,394 Total lease payments 24,008 Less: imputed interest (2,726 ) Total lease liabilities $ 21,282 As of March 31, 2019 , we have an operating lease for a facility that has not yet commenced with an initial lease liability of approximately $1.6 million and a five -year term, which is not reflected within the maturity schedule above.

Goodwill and Intangible Assets,

Goodwill and Intangible Assets, Net	3 Months Ended
	Mar. 31, 2019
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, 2018 $ 48,485 Foreign exchange effects (37 ) Balance at March 31, 2019 $ 48,448 Intangible Assets, Net The components of intangible assets, net were as follows: March 31, 2019 December 31, 2018 (In thousands) Gross (1) Accumulated Amortization (1) Net Gross (1) Accumulated Amortization (1) Net Distribution rights $ 322 $ (189 ) $ 133 $ 329 $ (188 ) $ 141 Patents 14,902 (5,837 ) 9,065 14,560 (5,704 ) 8,856 Trademarks and trade names 2,786 (1,976 ) 810 2,786 (1,900 ) 886 Developed and core technology 12,560 (8,591 ) 3,969 12,560 (8,087 ) 4,473 Capitalized software development costs 222 — 222 155 — 155 Customer relationships 32,683 (23,645 ) 9,038 32,534 (22,675 ) 9,859 Total intangible assets, net $ 63,475 $ (40,238 ) $ 23,237 $ 62,924 $ (38,554 ) $ 24,370 (1) This table excludes the gross value of fully amortized intangible assets totaling $7.1 million and $7.1 million at March 31, 2019 and December 31, 2018 , 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 statement of operations caption was as follows: Three Months Ended March 31, (In thousands) 2019 2018 Cost of sales $ — $ 55 Selling, general and administrative expenses 1,784 1,747 Total amortization expense $ 1,784 $ 1,802 Estimated future annual amortization expense related to our intangible assets at March 31, 2019 , was as follows: (In thousands) 2019 (remaining 9 months) $ 5,400 2020 6,052 2021 2,459 2022 2,259 2023 2,100 Thereafter 4,967 Total $ 23,237

Line of Credit

Line of Credit	3 Months Ended
	Mar. 31, 2019
Debt Disclosure [Abstract]
Line of Credit	Line of Credit Our Second Amended and Restated Credit Agreement ("Second Amended Credit Agreement") with U.S. Bank National Association ("U.S. Bank") provides for a $130.0 million revolving line of credit ("Credit Line") through June 30, 2019 and a $125.0 million Credit Line thereafter and through its expiration date on November 1, 2020. The Credit Line may be used for working capital and other general corporate purposes including acquisitions, share repurchases and capital expenditures. Amounts available for borrowing under the Credit Line are reduced by the balance of any outstanding letters of credit, of which there were $2.7 million at March 31, 2019 . 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 Second 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 Second 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 Second Amended Credit Agreement. The interest rate in effect at March 31, 2019 was 4.25% . There are no commitment fees or unused line fees under the Second Amended Credit Agreement. The Second Amended Credit Agreement includes financial covenants requiring a minimum fixed charge coverage ratio and a maximum cash flow leverage ratio. In addition, the Second Amended Credit Agreement contains other customary affirmative and negative covenants and events of default. As of March 31, 2019 , we were in compliance with the covenants and conditions of the Second Amended Credit Agreement. At March 31, 2019 , we had $106.5 million outstanding under the Credit Line. Our total interest expense on borrowings was $1.3 million and $1.1 million during the three months ended March 31, 2019 and 2018 , respectively.

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2019
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 rate and multiplying it by the year-to-date pre-tax book income. We recorded income tax expense of $1.0 million for the three months ended March 31, 2019 and an income tax benefit of $0.2 million for the three months ended March 31, 2018. Income tax expense for the three months ended March 31, 2019 increased primarily due to the remeasurement of certain deferred tax assets, partly offset by a tax refund received, both resulting from tax incentives at one of our China manufacturing facilities. At December 31, 2018 , we assessed the realizability of the Company's deferred tax assets by considering whether it is "more than likely not" some portion or all of the deferred tax assets will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences become deductible. We considered taxable income in carryback years, the scheduled reversal of deferred tax liabilities, tax planning strategies and projected future taxable income in making this assessment. At December 31, 2018, we had a three year cumulative operating loss for our U.S. operations and accordingly, provided a full valuation allowance on our U.S. and state deferred tax assets. During the three months ended March 31, 2019, there has been no change to the Company's valuation allowance position. At March 31, 2019 , we had gross unrecognized tax benefits of $4.6 million , including interest and penalties, of which approximately $4.3 million of this amount, if not for the state Research and Experimentation income tax credit valuation allowance, 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 $0.2 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 $0.5 million and $0.5 million at March 31, 2019 and December 31, 2018 , respectively, are included in the unrecognized tax benefits.

Accrued Compensation

Accrued Compensation	3 Months Ended
	Mar. 31, 2019
Payables and Accruals [Abstract]
Accrued Compensation	Accrued Compensation The components of accrued compensation were as follows: (In thousands) March 31, 2019 December 31, 2018 Accrued social insurance (1) $ 16,866 $ 16,735 Accrued salary/wages 8,631 8,783 Accrued vacation/holiday 3,168 2,954 Accrued bonus (2) 2,263 2,361 Accrued commission 541 1,432 Other accrued compensation 2,395 1,700 Total accrued compensation $ 33,864 $ 33,965 (1) PRC employers are required by law to remit the applicable social insurance payments to their local government. Social insurance is comprised of various components such as pension, medical insurance, job industry 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, 2019 and December 31, 2018 . (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 $0.4 million at March 31, 2019 and December 31, 2018 , respectively. Other Accrued Liabilities The components of other accrued liabilities were as follows: (In thousands) March 31, 2019 December 31, 2018 Duties $ 6,451 $ 4,865 Freight and handling fees 5,543 3,217 Operating lease obligations 3,762 — Professional fees 1,808 1,930 Sales taxes and VAT 146 1,050 Short-term contingent consideration 4,590 4,190 Tooling (1) 2,327 1,770 Other 7,042 6,989 Total other accrued liabilities $ 31,669 $ 24,011 (1) The tooling accrual balance relates to unearned revenue for tooling that will be sold to customers.

Other Accrued Liabilities

Other Accrued Liabilities	3 Months Ended
	Mar. 31, 2019
Payables and Accruals [Abstract]
Other Accrued Liabilities	Accrued Compensation The components of accrued compensation were as follows: (In thousands) March 31, 2019 December 31, 2018 Accrued social insurance (1) $ 16,866 $ 16,735 Accrued salary/wages 8,631 8,783 Accrued vacation/holiday 3,168 2,954 Accrued bonus (2) 2,263 2,361 Accrued commission 541 1,432 Other accrued compensation 2,395 1,700 Total accrued compensation $ 33,864 $ 33,965 (1) PRC employers are required by law to remit the applicable social insurance payments to their local government. Social insurance is comprised of various components such as pension, medical insurance, job industry 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, 2019 and December 31, 2018 . (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 $0.4 million at March 31, 2019 and December 31, 2018 , respectively. Other Accrued Liabilities The components of other accrued liabilities were as follows: (In thousands) March 31, 2019 December 31, 2018 Duties $ 6,451 $ 4,865 Freight and handling fees 5,543 3,217 Operating lease obligations 3,762 — Professional fees 1,808 1,930 Sales taxes and VAT 146 1,050 Short-term contingent consideration 4,590 4,190 Tooling (1) 2,327 1,770 Other 7,042 6,989 Total other accrued liabilities $ 31,669 $ 24,011 (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, 2019
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, 2019 2018 Balance at beginning of period $ 276 $ 339 Accruals for warranties issued during the period — — Settlements (in cash or in kind) during the period — (100 ) Balance at end of period $ 276 $ 239 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 supplied to 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 product 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 and argued before the appellate court and we are awaiting the appellate court’s ruling. In addition, on or about February 9, 2016, Ruwido filed a writ of summons for proceeding on the merits with respect to the asserted patents. UEBV and Telenet have replied, denying all of Ruwido's allegations, and in June 2017, a hearing was held before the trial court. During this hearing, Ruwido sought to have a second product which we are currently selling to Telenet included in this case. In September 2017, the Court ruled in our favor that our current product cannot be made part of this case. The Court also refused to rule on whether the original product (which we are no longer selling) infringes the Ruwido patent, instead deciding to wait until the European Patent Office (the "EPO") has ruled on our Opposition (see below). Finally, the Court ruled that our original product (which we are no longer selling) infringes certain of Ruwido’s design rights, but stayed any decision of compensation and/or damages until all aspects of the case have been decided. We have filed an appeal as to the Court’s ruling of infringement, and submissions by the parties were due to the Court during the second quarter of 2018 with a hearing expected to take place in late 2018. Subsequent to the Court's ruling that a second product could not be added to the first case on the merits, Ruwido filed a separate case on the merits with respect to this second product, claiming that it too infringes the same patent at issue in the first suit. We have denied these claims. According to the Court’s trial schedule, briefs from both parties were due during the second half of 2018 and early 2019 with a trial date set for January 2019. This trial date has since been moved to June 4, 2019. In September 2015, UEBV filed an Opposition with the EPO seeking to invalidate the one utility patent asserted against UEBV and Telenet by Ruwido. The hearing on this opposition was held in July 2017. During this hearing the panel requested additional information. We have assembled this additional information and the final hearing was scheduled for January 29, 2019. The EPO held this hearing on January 29 and 30, 2019 and revoked Ruwido's patent as originally filed. The EPO, however, maintained the patent in an amended form with a much narrower claim. The parties have the right to appeal the EPO's decision, but at this time, neither have done so. On September 5, 2017, Ruwido and FMH filed a patent infringement case on the merits against UEBV and Telenet in the Netherlands alleging the same claims of infringement as in the Belgium Courts (see above). We have denied these claims and filed a counterclaim seeking to invalidate the Ruwido patent. A November 30, 2018 hearing date was set by the Court but it deferred its decision until the decision from the EPO has become final. On September 5, 2018, we filed a lawsuit against Roku, Inc. (“Roku”) in the United States District Court, Central District of California (Universal Electronics Inc. v. Roku, Inc.) alleging that Roku is willfully infringing nine of our patents that are in four patent families related to remote control set-up and touchscreen remotes. On December 5, 2018, we amended our complaint to add additional details supporting our infringement and willfulness allegations. We have alleged that this complaint relates to multiple Roku streaming players and components therefore and certain universal control devices, including but not limited to the Roku App, Roku TV, Roku Express, Roku Streaming Stick, Roku Ultra, Roku Premiere, Roku 4, Roku 3, Roku 2, Roku Enhanced Remote and any other Roku product that provides for the remote control of an external device such as a TV, audiovisual receiver, sound bar or Roku TV Wireless Speakers. Roku has answered our complaint with a general denial. In December 2018, the Court set a trial date of June 16, 2020. We are currently proceeding with discovery and motions. 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 consolidated 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, 2019
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. On October 30, 2018, our Board approved an adjustment to the amount of common stock that we could purchase under our existing repurchase plan to an amount not to exceed $5.0 million of our common stock. As of March 31, 2019 , we had $3.9 million of authorized repurchases remaining under the Board's authorizations. We may utilize various methods to effect the repurchases, which could include open market repurchases, negotiated block transactions, accelerated share repurchases or open market solicitations for shares, some of which may be effected through Rule 10b5-1 plans. The timing and amount of future repurchases, if any, will depend upon several factors, including market and business conditions, and such repurchases may be discontinued at any time. Repurchased shares of our common stock were as follows: Three Months Ended March 31, (In thousands) 2019 2018 Shares repurchased 43 13 Cost of shares repurchased $ 1,215 $ 615 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.

Foreign Operations

Foreign Operations	3 Months Ended
	Mar. 31, 2019
Segment Reporting [Abstract]
Foreign Operations	Foreign Operations Foreign Operations Our net sales to external customers by geographic area were as follows: Three Months Ended March 31, (In thousands) 2019 2018 United States $ 98,936 $ 79,751 Asia (excluding PRC) 24,076 27,400 People's Republic of China 22,308 20,117 Europe 23,299 19,130 Latin America 7,787 10,030 Other 7,757 8,270 Total net sales $ 184,163 $ 164,698 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, 2019 December 31, 2018 United States $ 13,673 $ 14,504 People's Republic of China 74,001 79,382 All other countries 8,728 6,569 Total long-lived tangible assets $ 96,402 $ 100,455

Stock-Based Compensation

Stock-Based Compensation	3 Months Ended
	Mar. 31, 2019
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 statement of operations caption as their cash compensation. Stock-based compensation expense by statement of operations caption and the related income tax benefit were as follows: Three Months Ended March 31, (In thousands) 2019 2018 Cost of sales $ 28 $ 17 Research and development expenses 220 155 Selling, general and administrative expenses: Employees 1,424 1,528 Outside directors 246 504 Total employee and director stock-based compensation expense $ 1,918 $ 2,204 Income tax benefit $ 399 $ 463 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, 2018 597 $ 44.27 Granted 150 27.07 Exercised — — $ — Forfeited/canceled/expired — — Outstanding at March 31, 2019 (1) 747 $ 40.80 4.45 $ 4,020 Vested and expected to vest at March 31, 2019 (1) 747 $ 40.80 4.45 $ 4,020 Exercisable at March 31, 2019 (1) 486 $ 42.99 3.44 $ 2,500 (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 2019 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, 2019 . 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, 2019 2018 Weighted average fair value of grants $ 10.28 $ 14.26 Risk-free interest rate 2.49 % 2.51 % Expected volatility 41.64 % 33.09 % Expected life in years 4.54 4.53 As of March 31, 2019 , we expect to recognize $3.1 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, 2018 204 $ 49.23 Granted 225 28.36 Vested (77 ) 49.11 Forfeited (4 ) 39.53 Non-vested at March 31, 2019 348 $ 35.90 As of March 31, 2019 , we expect to recognize $11.6 million of total unrecognized pre-tax stock-based compensation expense related to non-vested restricted stock awards over a weighted-average life of 2.2 years .

Performance-Based Common Stock

Performance-Based Common Stock Warrants	3 Months Ended
	Mar. 31, 2019
Equity [Abstract]
Performance-Based Common Stock Warrants	Performance-Based Common Stock Warrants On March 9, 2016, we issued common stock purchase warrants to 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. At March 31, 2019 , 175,000 vested warrants were outstanding. To fully vest in the rights to purchase all of the remaining unearned 475,000 underlying shares, Comcast and its affiliates must purchase an aggregate of $680 million in goods and services from us during the remaining four -year vesting period. Any and all warrants that vest will expire on January 1, 2023. The warrants provide for certain adjustments that may be made to the exercise price and the number of shares issuable upon exercise due to customary anti-dilution provisions. Additionally, in connection with the common stock purchase warrants, we have also entered into a registration rights agreement with Comcast under which Comcast may from time to time request that we register the shares of common stock underlying vested warrants with the SEC. Because the warrants contain performance criteria under which Comcast must achieve specified aggregate purchase levels for the warrants to vest, as detailed above, the measurement date for the warrants is the date on which the warrants vest. Through March 31, 2019 , no ne of the warrants had vested for the two -year period beginning January 1, 2018. The assumptions we utilized in the Black Scholes option pricing model and the resulting weighted average fair value of the warrants were the following: Three Months Ended March 31, 2019 2018 Fair value $9.00 $16.88 Price of Universal Electronics Inc. common stock $37.46 $52.43 Risk-free interest rate 2.22% 2.54% Expected volatility 44.45% 34.53% Expected life in years 3.75 4.75 The impact to net sales recorded in connection with the warrants and the related income tax benefit were as follows: Three Months Ended March 31, (In thousands) 2019 2018 Reduction to net sales $ 434 $ 471 Income tax benefit 108 118 We estimate the number of warrants that will vest based on 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, 2019 was $3.7 million .

Other Income (Expense), Net

Other Income (Expense), Net	3 Months Ended
	Mar. 31, 2019
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) 2019 2018 Net gain (loss) on foreign currency exchange contracts (1) $ (271 ) $ (1,331 ) Net gain (loss) on foreign currency exchange transactions (132 ) 725 Other income (expense) (63 ) 19 Other income (expense), net $ (466 ) $ (587 ) (1) This represents the gains (losses) incurred on foreign currency hedging derivatives (see Note 18 for further details).

Earnings (Loss) Per Share

Earnings (Loss) Per Share	3 Months Ended
	Mar. 31, 2019
Earnings Per Share [Abstract]
Earnings (Loss) Per Share	Earnings (Loss) Per Share Earnings (loss) per share was calculated as follows: Three Months Ended March 31, (In thousands, except per-share amounts) 2019 2018 BASIC Net income (loss) $ (1,005 ) $ (587 ) Weighted-average common shares outstanding 13,827 14,087 Basic earnings (loss) per share $ (0.07 ) $ (0.04 ) DILUTED Net income (loss) $ (1,005 ) $ (587 ) Weighted-average common shares outstanding for basic 13,827 14,087 Dilutive effect of stock options, restricted stock and common stock warrants — — Weighted-average common shares outstanding on a diluted basis 13,827 14,087 Diluted earnings (loss) per share $ (0.07 ) $ (0.04 ) The following number of stock options, shares of restricted stock and common stock warrants were excluded from the computation of diluted earnings per common share as their inclusion would have been anti-dilutive: Three Months Ended March 31, (In thousands) 2019 2018 Stock options 543 574 Restricted stock awards 227 203 Performance-based warrants 175 175

Derivatives

Derivatives	3 Months Ended
	Mar. 31, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivatives	Derivatives The following table sets forth the total net fair value of derivatives: March 31, 2019 December 31, 2018 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 $ — $ 132 $ — $ 132 $ — $ (249 ) $ — $ (249 ) We held foreign currency exchange contracts, which resulted in a net pre-tax loss of $0.3 million and a net pre-tax loss of $1.3 million for the three months ended March 31, 2019 and 2018 , respectively (see Note 16). Details of foreign currency exchange contracts held were as follows: Date Held Currency Position Held Notional Value (in millions) Forward Rate Unrealized Gain/(Loss) Recorded at Balance Sheet Date (in thousands) (1) Settlement Date March 31, 2019 USD/Brazilian Real USD $ 1.0 3.8757 $ 10 April 26, 2019 March 31, 2019 USD/Euro USD $ 22.0 1.1331 $ 181 April 26, 2019 March 31, 2019 USD/Chinese Yuan Renminbi USD $ 28.0 6.7365 $ (59 ) April 26, 2019 December 31, 2018 USD/Euro USD $ 20.0 1.1421 $ (97 ) January 25, 2019 December 31, 2018 USD/Chinese Yuan Renminbi USD $ 27.0 6.8969 $ (116 ) January 25, 2019 December 31, 2018 USD/Chinese Yuan Renminbi USD $ 5.0 6.9245 $ (41 ) January 25, 2019 December 31, 2018 USD/Brazilian Real USD $ 1.0 3.8651 $ 5 January 25, 2019 (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 liabilities.

Basis of Presentation and Sig_2

Basis of Presentation and Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2019
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 and certain reclassifications have been made to prior year amounts in order to conform to the current year presentation. 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.
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 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.
Leases	We determine if an arrangement is a lease at inception and determine the classification of the lease, as either operating or finance, at commencement. Operating leases are included in operating lease right-of-use (“ROU”) assets, other accrued liabilities and long-term operating lease liabilities on our consolidated balance sheets. We presently do not have any finance leases. ROU assets represent our right to use an underlying asset for the lease term and lease liabilities represent our obligation to make lease payments arising from the lease. Operating lease ROU assets and liabilities are recognized at the commencement date of the lease based on the present value of lease payments over the lease term. As most of our leases do not provide an implicit rate, we use our incremental borrowing rate based on the information available at the commencement date, including the lease term, in determining the present value of lease payments. Operating lease ROU assets also factor in any lease payments made, initial direct costs and lease incentives received. Our lease terms may include options to extend or terminate the lease when it is reasonably certain that we will exercise that option. Lease expense for lease payments is recognized on a straight-line basis over the lease term. Leases with an initial term of twelve months or less are not recorded on the balance sheet and are recognized on a straight-line basis over the lease term. If applicable, we combine lease and non-lease components, which primarily relate to ancillary expenses associated with real estate leases such as common area maintenance charges and management fees.
Recently Adopted Accounting Pronouncements and Recent Accounting Updates Note Yet Effective	Recently Adopted Accounting Pronouncements In February 2016, the Financial Accounting Standards Board ("FASB") issued ASU 2016-02 (with amendments issued in 2018), which changes the accounting for leases and requires expanded disclosures about leasing activities. This new guidance also requires 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. We adopted ASU 2016-02 on January 1, 2019 using the modified retrospective optional transition method. Thus, the standard was applied starting January 1, 2019 and prior periods were not restated. We applied the package of practical expedients permitted under the transition guidance. As a result, we did not reassess the identification, classification and initial direct costs of leases commencing before the effective date. We also applied the practical expedient to not separate lease and non-lease components to all new leases as well as leases commencing before the effective date. Upon adoption, ASU 2016-02 resulted in the recognition of lease ROU assets, accrued liabilities and long-term liabilities related to operating leases of $20.7 million , $3.3 million and $17.0 million , respectively. In addition, assets and liabilities totaling $2.5 million and $2.3 million , respectively, were reclassified into the opening ROU asset balance. The adoption of ASU 2016-02 did not result in any cumulative-effect adjustment to the opening balance of retained earnings and did not have any impact on our results of operations, cash flows or debt covenants. See Note 5 for additional information. Other Accounting Pronouncements In June 2018, the FASB issued ASU 2018-07, "Improvements to Non-employee Share-Based Payment Accounting." This guidance expands the scope of Topic 718, "Compensation - Stock Compensation" to include share-based payment transactions for acquiring goods and services from non-employees, but excludes awards granted in conjunction with selling goods or services to a customer as part of a contract accounted for under ASC 606, "Revenue from Contracts with Customers." The adoption of ASU 2018-07 did not have a material impact on our consolidated financial statements. Recent Accounting Updates Not Yet Effective In June 2016, the FASB issued ASU 2016-13, “Measurement of Credit Losses on Financial Instruments.” This guidance updates existing guidance for measuring and recording credit losses on financial assets measured at amortized cost by replacing the “incurred loss” model with an “expected loss” model. Accordingly, these financial assets will be presented at the net amount expected to be collected. ASU 2016-13 is effective for fiscal years beginning after December 15, 2020. Early adoption is permitted. We are currently evaluating the impact that ASU 2016-13 will have 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. In August 2018, the FASB issued ASU 2018-15, "Customer’s Accounting for implementation Costs Incurred in a Cloud Computing Arrangement That is a Service Contract," which amends ASC 350-40, "Intangibles - Goodwill and Other - Internal-Use Software." The ASU aligns the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software and requires the capitalized implementation costs to be expensed over the term of the hosting arrangement. The accounting for the service element of a hosting arrangement that is a service contract is not affected. ASU 2018-15 is effective for fiscal periods beginning after December 15, 2019, and interim periods within those fiscal years. We are currently evaluating the impact that ASU 2018-07 will have on our consolidated financial statements.

Cash and Cash Equivalents (Tabl

Cash and Cash Equivalents (Tables)	3 Months Ended
	Mar. 31, 2019
Cash and Cash Equivalents [Abstract]
Cash and Cash Equivalents by Geographic Region	Cash and cash equivalents were held in the following geographic regions: (In thousands) March 31, 2019 December 31, 2018 United States $ 6,113 $ 1,156 People's Republic of China ("PRC") 12,981 20,885 Asia (excluding the PRC) 7,889 2,398 Europe 8,694 19,907 South America 9,218 8,861 Total cash and cash equivalents $ 44,895 $ 53,207

Accounts Receivable, Net and _2

Accounts Receivable, Net and Revenue Concentrations (Tables)	3 Months Ended
	Mar. 31, 2019
Receivables [Abstract]
Accounts Receivable, Net and Allowance for Doubtful Accounts	Accounts receivable, net were as follows: (In thousands) March 31, 2019 December 31, 2018 Trade receivables, gross $ 143,752 $ 133,774 Allowance for doubtful accounts (1,120 ) (1,121 ) Allowance for sales returns (547 ) (731 ) Net trade receivables 142,085 131,922 Other 15,986 12,767 Accounts receivable, net $ 158,071 $ 144,689 Changes in the allowance for doubtful accounts were as follows: (In thousands) Three Months Ended March 31, 2019 2018 Balance at beginning of period $ 1,121 $ 1,064 Additions to costs and expenses 3 4 (Write-offs)/Foreign exchange effects (4 ) 9 Balance at end of period $ 1,120 $ 1,077
Net Sales to Significant Customers	Net sales to the following customers totaled more than 10% of our net sales: Three Months Ended March 31, 2019 2018 $ (thousands) % of Net Sales $ (thousands) % of Net Sales Comcast Corporation $ 29,246 15.9 % $ 37,975 23.1 % Dish Network L.L.C. $ 19,678 10.7 % — (1) — (1) (1) Sales associated with this customer did not total more than 10% of our net sales for the three months ended March 31, 2018.
Trade Receivables Associated with Significant Customers	Trade receivables associated with these significant customers that totaled more than 10% of our accounts receivable, net were as follows: March 31, 2019 December 31, 2018 $ (thousands) % of Accounts Receivable, Net $ (thousands) % of Accounts Receivable, Net Comcast Corporation $ 17,917 11.3 % — (1) — (1) (1) Trade receivables associated with this customer did not total more than 10% of our accounts receivable, net at December 31, 2018.

Inventories, Net and Signific_2

Inventories, Net and Significant Suppliers (Tables)	3 Months Ended
	Mar. 31, 2019
Inventory Disclosure [Abstract]
Inventories, Net	Inventories, net were as follows: (In thousands) March 31, 2019 December 31, 2018 Raw materials $ 71,784 $ 68,834 Components 16,759 25,071 Work in process 8,858 5,577 Finished goods 58,053 50,006 Reserve for excess and obsolete inventory (5,488 ) (5,138 ) Inventories, net $ 149,966 $ 144,350
Changes in 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, 2019 2018 Balance at beginning of period $ 5,138 $ 4,288 Additions charged to costs and expenses (1) 1,422 643 Sell through (2) (378 ) (315 ) (Write-offs)/Foreign exchange effects (694 ) (388 ) Balance at end of period $ 5,488 $ 4,228 (1) The additions charged to costs and expenses do not include inventory directly written-off that was scrapped during production totaling $1.1 million and $0.1 million for the three months ended March 31, 2019 and 2018 , 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.

Leases (Tables)

Leases (Tables)	3 Months Ended
	Mar. 31, 2019
Leases [Abstract]
Lease Balances within the Consolidated Balance Sheet	Lease balances within our consolidated balance sheet were as follows: (In thousands) March 31, 2019 Assets: Operating lease right-of-use assets $ 21,315 Liabilities: Other accrued liabilities $ 3,762 Long-term operating lease obligations 17,520 Total lease liabilities $ 21,282
Operating Lease Expense, Operating Lease Cash Flows and Supplemental Cash Flow Information	Operating lease expense, including short-term and variable lease costs, and operating lease cash flows and supplemental cash flow information were as follows: (In thousands) Three months ended March 31, 2019 Cost of sales $ 592 Selling, general and administrative expenses 1,384 Total operating lease expense $ 1,976 Operating cash outflows from operating leases $ 1,767 Operating lease right-of use assets obtained in exchange for lease obligations $ 1,524
Lease Terms and Discount Rates	Lease terms and discount rates were as follows: March 31, 2019 Weighted average lease term (in years) 9.20 Weighed average discount rate 4.78 %
Reconciliation of the Undiscounted Cash Flows for Each of the First Five Years and Thereafter to Operating Lease Liabilities	The following table reconciles the undiscounted cash flows for each of the first five years and thereafter to the operating lease liabilities recognized in our consolidated balance sheet at March 31, 2019 . The reconciliation excludes short-term leases that are not recorded on the balance sheet. (In thousands) March 31, 2019 2019 (remaining 9 months) $ 3,424 2020 5,121 2021 5,276 2022 4,435 2023 2,358 Thereafter 3,394 Total lease payments 24,008 Less: imputed interest (2,726 ) Total lease liabilities $ 21,282

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets, Net (Tables)	3 Months Ended
	Mar. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Changes in the Carrying Amount of Goodwill	Changes in the carrying amount of goodwill were as follows: (In thousands) Balance at December 31, 2018 $ 48,485 Foreign exchange effects (37 ) Balance at March 31, 2019 $ 48,448
Components of Intangible Assets, Net	The components of intangible assets, net were as follows: March 31, 2019 December 31, 2018 (In thousands) Gross (1) Accumulated Amortization (1) Net Gross (1) Accumulated Amortization (1) Net Distribution rights $ 322 $ (189 ) $ 133 $ 329 $ (188 ) $ 141 Patents 14,902 (5,837 ) 9,065 14,560 (5,704 ) 8,856 Trademarks and trade names 2,786 (1,976 ) 810 2,786 (1,900 ) 886 Developed and core technology 12,560 (8,591 ) 3,969 12,560 (8,087 ) 4,473 Capitalized software development costs 222 — 222 155 — 155 Customer relationships 32,683 (23,645 ) 9,038 32,534 (22,675 ) 9,859 Total intangible assets, net $ 63,475 $ (40,238 ) $ 23,237 $ 62,924 $ (38,554 ) $ 24,370 (1) This table excludes the gross value of fully amortized intangible assets totaling $7.1 million and $7.1 million at March 31, 2019 and December 31, 2018 , respectively.
Amortization Expense by Income Statement Caption	Amortization expense by statement of operations caption was as follows: Three Months Ended March 31, (In thousands) 2019 2018 Cost of sales $ — $ 55 Selling, general and administrative expenses 1,784 1,747 Total amortization expense $ 1,784 $ 1,802
Estimated Future Amortization Expense Related to Intangible Assets	Estimated future annual amortization expense related to our intangible assets at March 31, 2019 , was as follows: (In thousands) 2019 (remaining 9 months) $ 5,400 2020 6,052 2021 2,459 2022 2,259 2023 2,100 Thereafter 4,967 Total $ 23,237

Accrued Compensation (Tables)

Accrued Compensation (Tables)	3 Months Ended
	Mar. 31, 2019
Payables and Accruals [Abstract]
Components of Accrued Compensation	The components of accrued compensation were as follows: (In thousands) March 31, 2019 December 31, 2018 Accrued social insurance (1) $ 16,866 $ 16,735 Accrued salary/wages 8,631 8,783 Accrued vacation/holiday 3,168 2,954 Accrued bonus (2) 2,263 2,361 Accrued commission 541 1,432 Other accrued compensation 2,395 1,700 Total accrued compensation $ 33,864 $ 33,965 (1) PRC employers are required by law to remit the applicable social insurance payments to their local government. Social insurance is comprised of various components such as pension, medical insurance, job industry 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, 2019 and December 31, 2018 . (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 $0.4 million at March 31, 2019 and December 31, 2018 , respectively. The components of other accrued liabilities were as follows: (In thousands) March 31, 2019 December 31, 2018 Duties $ 6,451 $ 4,865 Freight and handling fees 5,543 3,217 Operating lease obligations 3,762 — Professional fees 1,808 1,930 Sales taxes and VAT 146 1,050 Short-term contingent consideration 4,590 4,190 Tooling (1) 2,327 1,770 Other 7,042 6,989 Total other accrued liabilities $ 31,669 $ 24,011 (1) The tooling accrual balance relates to unearned revenue for tooling that will be sold to customers.

Other Accrued Liabilities (Tabl

Other Accrued Liabilities (Tables)	3 Months Ended
	Mar. 31, 2019
Payables and Accruals [Abstract]
Components of Other Accrued Liabilities	The components of accrued compensation were as follows: (In thousands) March 31, 2019 December 31, 2018 Accrued social insurance (1) $ 16,866 $ 16,735 Accrued salary/wages 8,631 8,783 Accrued vacation/holiday 3,168 2,954 Accrued bonus (2) 2,263 2,361 Accrued commission 541 1,432 Other accrued compensation 2,395 1,700 Total accrued compensation $ 33,864 $ 33,965 (1) PRC employers are required by law to remit the applicable social insurance payments to their local government. Social insurance is comprised of various components such as pension, medical insurance, job industry 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, 2019 and December 31, 2018 . (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 $0.4 million at March 31, 2019 and December 31, 2018 , respectively. The components of other accrued liabilities were as follows: (In thousands) March 31, 2019 December 31, 2018 Duties $ 6,451 $ 4,865 Freight and handling fees 5,543 3,217 Operating lease obligations 3,762 — Professional fees 1,808 1,930 Sales taxes and VAT 146 1,050 Short-term contingent consideration 4,590 4,190 Tooling (1) 2,327 1,770 Other 7,042 6,989 Total other accrued liabilities $ 31,669 $ 24,011 (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, 2019
Commitments and Contingencies Disclosure [Abstract]
Changes in the Liability for Product Warranty Claim Costs	Changes in the liability for product warranty claim costs were as follows: (In thousands) Three Months Ended March 31, 2019 2018 Balance at beginning of period $ 276 $ 339 Accruals for warranties issued during the period — — Settlements (in cash or in kind) during the period — (100 ) Balance at end of period $ 276 $ 239

Treasury Stock (Tables)

Treasury Stock (Tables)	3 Months Ended
	Mar. 31, 2019
Equity [Abstract]
Repurchased Shares of Common Stock	Repurchased shares of our common stock were as follows: Three Months Ended March 31, (In thousands) 2019 2018 Shares repurchased 43 13 Cost of shares repurchased $ 1,215 $ 615

Foreign Operations (Tables)

Foreign Operations (Tables)	3 Months Ended
	Mar. 31, 2019
Segment Reporting [Abstract]
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) 2019 2018 United States $ 98,936 $ 79,751 Asia (excluding PRC) 24,076 27,400 People's Republic of China 22,308 20,117 Europe 23,299 19,130 Latin America 7,787 10,030 Other 7,757 8,270 Total net sales $ 184,163 $ 164,698
Long-Lived Tangible Assets by Geographic Area	Long-lived tangible assets by geographic area were as follows: (In thousands) March 31, 2019 December 31, 2018 United States $ 13,673 $ 14,504 People's Republic of China 74,001 79,382 All other countries 8,728 6,569 Total long-lived tangible assets $ 96,402 $ 100,455

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	3 Months Ended
	Mar. 31, 2019
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-based Compensation Expense and Related Income Tax Benefit	Stock-based compensation expense by statement of operations caption and the related income tax benefit were as follows: Three Months Ended March 31, (In thousands) 2019 2018 Cost of sales $ 28 $ 17 Research and development expenses 220 155 Selling, general and administrative expenses: Employees 1,424 1,528 Outside directors 246 504 Total employee and director stock-based compensation expense $ 1,918 $ 2,204 Income tax benefit $ 399 $ 463
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, 2018 597 $ 44.27 Granted 150 27.07 Exercised — — $ — Forfeited/canceled/expired — — Outstanding at March 31, 2019 (1) 747 $ 40.80 4.45 $ 4,020 Vested and expected to vest at March 31, 2019 (1) 747 $ 40.80 4.45 $ 4,020 Exercisable at March 31, 2019 (1) 486 $ 42.99 3.44 $ 2,500 (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 2019 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, 2019 . This amount will change based on the fair market value of our stock.
Assumptions Used in Valuation and Weighted Average Fair Value of Stock Option Grants	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, 2019 2018 Weighted average fair value of grants $ 10.28 $ 14.26 Risk-free interest rate 2.49 % 2.51 % Expected volatility 41.64 % 33.09 % Expected life in years 4.54 4.53
Non-Vested Restricted Stock Award 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, 2018 204 $ 49.23 Granted 225 28.36 Vested (77 ) 49.11 Forfeited (4 ) 39.53 Non-vested at March 31, 2019 348 $ 35.90

Performance-Based Common Stoc_2

Performance-Based Common Stock Warrants (Tables)	3 Months Ended
	Mar. 31, 2019
Equity [Abstract]
Purchase Level and Number of Warrants That Will Vest	The table below presents the purchase levels and number of warrants that will vest in each period based upon achieving these purchase levels. Incremental Warrants That Will Vest Aggregate Level of Purchases by Comcast and Affiliates January 1, 2016 - December 31, 2017 January 1, 2018 - December 31, 2019 January 1, 2020 - December 31, 2021 $260 million 100,000 100,000 75,000 $300 million 75,000 75,000 75,000 $340 million 75,000 75,000 75,000 Maximum Potential Warrants Earned by Comcast 250,000 250,000 225,000
Assumptions Used in Valuation and Weighted Average Fair Value of Warrants	The assumptions we utilized in the Black Scholes option pricing model and the resulting weighted average fair value of the warrants were the following: Three Months Ended March 31, 2019 2018 Fair value $9.00 $16.88 Price of Universal Electronics Inc. common stock $37.46 $52.43 Risk-free interest rate 2.22% 2.54% Expected volatility 44.45% 34.53% Expected life in years 3.75 4.75
Impact to Net Sales in Connection with Warrants and Related Income Tax Benefit	The impact to net sales recorded in connection with the warrants and the related income tax benefit were as follows: Three Months Ended March 31, (In thousands) 2019 2018 Reduction to net sales $ 434 $ 471 Income tax benefit 108 118

Other Income (Expense), Net (Ta

Other Income (Expense), Net (Tables)	3 Months Ended
	Mar. 31, 2019
Other Income and Expenses [Abstract]
Other Income (Expense), Net	Other income (expense), net consisted of the following: Three Months Ended March 31, (In thousands) 2019 2018 Net gain (loss) on foreign currency exchange contracts (1) $ (271 ) $ (1,331 ) Net gain (loss) on foreign currency exchange transactions (132 ) 725 Other income (expense) (63 ) 19 Other income (expense), net $ (466 ) $ (587 ) (1) This represents the gains (losses) incurred on foreign currency hedging derivatives (see Note 18 for further details).

Earnings (Loss) Per Share (Tabl

Earnings (Loss) Per Share (Tables)	3 Months Ended
	Mar. 31, 2019
Earnings Per Share [Abstract]
Calculation of Earnings Per Share	Earnings (loss) per share was calculated as follows: Three Months Ended March 31, (In thousands, except per-share amounts) 2019 2018 BASIC Net income (loss) $ (1,005 ) $ (587 ) Weighted-average common shares outstanding 13,827 14,087 Basic earnings (loss) per share $ (0.07 ) $ (0.04 ) DILUTED Net income (loss) $ (1,005 ) $ (587 ) Weighted-average common shares outstanding for basic 13,827 14,087 Dilutive effect of stock options, restricted stock and common stock warrants — — Weighted-average common shares outstanding on a diluted basis 13,827 14,087 Diluted earnings (loss) per share $ (0.07 ) $ (0.04 )
Securities Excluded from the Computation of Diluted Earnings (Loss) Per Common Share	The following number of stock options, shares of restricted stock and common stock warrants were excluded from the computation of diluted earnings per common share as their inclusion would have been anti-dilutive: Three Months Ended March 31, (In thousands) 2019 2018 Stock options 543 574 Restricted stock awards 227 203 Performance-based warrants 175 175

Derivatives (Tables)

Derivatives (Tables)	3 Months Ended
	Mar. 31, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Total Net Fair Value of Derivatives	The following table sets forth the total net fair value of derivatives: March 31, 2019 December 31, 2018 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 $ — $ 132 $ — $ 132 $ — $ (249 ) $ — $ (249 )
Foreign Currency Exchange Contracts	Details of foreign currency exchange contracts held were as follows: Date Held Currency Position Held Notional Value (in millions) Forward Rate Unrealized Gain/(Loss) Recorded at Balance Sheet Date (in thousands) (1) Settlement Date March 31, 2019 USD/Brazilian Real USD $ 1.0 3.8757 $ 10 April 26, 2019 March 31, 2019 USD/Euro USD $ 22.0 1.1331 $ 181 April 26, 2019 March 31, 2019 USD/Chinese Yuan Renminbi USD $ 28.0 6.7365 $ (59 ) April 26, 2019 December 31, 2018 USD/Euro USD $ 20.0 1.1421 $ (97 ) January 25, 2019 December 31, 2018 USD/Chinese Yuan Renminbi USD $ 27.0 6.8969 $ (116 ) January 25, 2019 December 31, 2018 USD/Chinese Yuan Renminbi USD $ 5.0 6.9245 $ (41 ) January 25, 2019 December 31, 2018 USD/Brazilian Real USD $ 1.0 3.8651 $ 5 January 25, 2019 (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 liabilities.

Basis of Presentation and Sig_3

Basis of Presentation and Significant Accounting Policies (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Jan. 01, 2019	Dec. 31, 2018
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating lease right-of-use assets	$ 21,315
Accrued liabilities related to operating leases	3,762		$ 0
Long-term lease obligation related to operating leases	$ 17,520
ASU 2016-02
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating lease right-of-use assets		$ 20,700
Accrued liabilities related to operating leases		3,300
Long-term lease obligation related to operating leases		17,000
ASU 2016-02, assets reclassified into operating lease right of use assets
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating lease right-of-use assets		2,500
ASU 2016-02, liabilities reclassified into operating lease right of use assets
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating lease right-of-use assets		$ 2,300

Cash and Cash Equivalents (Deta

Cash and Cash Equivalents (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Cash and Cash Equivalents [Line Items]
Cash and cash equivalents	$ 44,895	$ 53,207
United States
Cash and Cash Equivalents [Line Items]
Cash and cash equivalents	6,113	1,156
People's Republic of China (PRC)
Cash and Cash Equivalents [Line Items]
Cash and cash equivalents	12,981	20,885
Asia (excluding the PRC)
Cash and Cash Equivalents [Line Items]
Cash and cash equivalents	7,889	2,398
Europe
Cash and Cash Equivalents [Line Items]
Cash and cash equivalents	8,694	19,907
South America
Cash and Cash Equivalents [Line Items]
Cash and cash equivalents	$ 9,218	$ 8,861

Accounts Receivable, Net and _3

Accounts Receivable, Net and Revenue Concentrations - Accounts Receivable, Net (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018	Mar. 31, 2018	Dec. 31, 2017
Accounts Receivable, Net, Current [Abstract]
Trade receivables, gross	$ 143,752	$ 133,774
Allowance for doubtful accounts	(1,120)	(1,121)	$ (1,077)	$ (1,064)
Allowance for sales returns	(547)	(731)
Net trade receivables	142,085	131,922
Other	15,986	12,767
Accounts receivable, net	$ 158,071	$ 144,689

Accounts Receivable, Net and _4

Accounts Receivable, Net and Revenue Concentrations - Allowance for Doubtful Accounts (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Schedule of Allowance for Doubtful Accounts
Balance at beginning of period	$ 1,121	$ 1,064
Additions to costs and expenses	3	4
(Write-offs)/Foreign exchange effects	(4)	9
Balance at end of period	$ 1,120	$ 1,077

Accounts Receivable, Net and _5

Accounts Receivable, Net and Revenue Concentrations - Net Sales to Significant Customers (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Revenue, Major Customer [Line Items]
Net sales	$ 184,163	$ 164,698
Net Sales | Comcast Corporation
Revenue, Major Customer [Line Items]
Net sales	$ 29,246	$ 37,975
Percent of net sales	15.90%	23.10%
Net Sales | Dish Network L.L.C.
Revenue, Major Customer [Line Items]
Net sales	$ 19,678	$ 0
Percent of net sales	10.70%	0.00%

Accounts Receivable, Net and _6

Accounts Receivable, Net and Revenue Concentrations - Trade Receivables Associated with Significant Customers (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2019	Dec. 31, 2018
Revenue, Major Customer [Line Items]
Accounts receivable, net	$ 158,071	$ 144,689
Accounts Receivable, Net | Comcast Corporation
Revenue, Major Customer [Line Items]
Accounts receivable, net	$ 17,917	$ 0
Percent of accounts receivable, net	11.30%	0.00%

Inventories, Net and Signific_3

Inventories, Net and Significant Suppliers - Inventories, Net (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018	Mar. 31, 2018	Dec. 31, 2017
Inventory Disclosure [Abstract]
Raw materials	$ 71,784	$ 68,834
Components	16,759	25,071
Work in process	8,858	5,577
Finished goods	58,053	50,006
Reserve for excess and obsolete inventory	(5,488)	(5,138)	$ (4,228)	$ (4,288)
Inventories, net	$ 149,966	$ 144,350

Inventories, Net and Signific_4

Inventories, Net and Significant Suppliers - Changes in Reserve for Excess and Obsolete Inventory (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Schedule of Reserve for Excess and Obsolete Inventory [Rollforward]
Balance at beginning of period	$ 5,138	$ 4,288
Additions charged to costs and expenses	1,422	643
Sell through	(378)	(315)
(Write-offs)/Foreign exchange effects	(694)	(388)
Balance at end of period	5,488	4,228
Inventory written-off and scrapped during production	$ 1,100	$ 100

Inventories, Net and Signific_5

Inventories, Net and Significant Suppliers - Narrative (Details) $ in Millions	3 Months Ended
	Mar. 31, 2018USD ($)
Executive Vice President
Related Party Transaction [Line Items]
Ownership percentage in third party by executive	40.00%
Related Party Supplier | Supplier Concentration Risk | Inventory Purchases
Related Party Transaction [Line Items]
Inventory purchases from related party	$ 1.1

Leases - Narrative (Details)

Leases - Narrative (Details) $ in Millions	3 Months Ended
	Mar. 31, 2019USD ($)
Leases [Abstract]
Remaining lease terms (up to)	42 years
Initial lease liability for an operating lease that has not yet commenced	$ 1.6
Term of an operating lease that has not yet commenced	5 years

Leases - Lease Balances within

Leases - Lease Balances within the Consolidated Balance Sheet (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Assets:
Operating lease right-of-use assets	$ 21,315
Liabilities:
Other accrued liabilities	3,762	$ 0
Long-term operating lease obligations	17,520
Total lease liabilities	$ 21,282

Leases - Operating Lease Expens

Leases - Operating Lease Expense, Operating Lease Cash Flows and Supplemental Cash Flow Information (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2019USD ($)
Lessee, Lease, Description [Line Items]
Operating lease expense	$ 1,976
Operating cash outflows from operating leases	1,767
Operating lease right-of use assets obtained in exchange for lease obligations	1,524
Cost of sales
Lessee, Lease, Description [Line Items]
Operating lease expense	592
Selling, general and administrative expenses
Lessee, Lease, Description [Line Items]
Operating lease expense	$ 1,384

Leases - Lease Terms and Discou

Leases - Lease Terms and Discount Rates (Details)	Mar. 31, 2019
Leases [Abstract]
Weighted average lease term	9 years 2 months 12 days
Weighed average discount rate	4.78%

Leases - Reconciliation of the

Leases - Reconciliation of the Undiscounted Cash Flows for Each of the First Five Years and Thereafter to Operating Lease Liabilities (Details) $ in Thousands	Mar. 31, 2019USD ($)
Leases [Abstract]
2019 (remaining 9 months)	$ 3,424
2020	5,121
2021	5,276
2022	4,435
2023	2,358
Thereafter	3,394
Total lease payments	24,008
Less: imputed interest	(2,726)
Total lease liabilities	$ 21,282

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets, Net - Changes in the Carrying Amount of Goodwill (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2019USD ($)
Goodwill [Roll Forward]
Balance	$ 48,485
Foreign exchange effects	(37)
Balance	$ 48,448

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets, Net - Components of Intangible Assets (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Finite-Lived Intangible Assets, Net [Abstract]
Gross	$ 63,475	$ 62,924
Accumulated Amortization	(40,238)	(38,554)
Net	23,237	24,370
Gross value of fully amortized intangible assets	7,100	7,100
Distribution rights
Finite-Lived Intangible Assets, Net [Abstract]
Gross	322	329
Accumulated Amortization	(189)	(188)
Net	133	141
Patents
Finite-Lived Intangible Assets, Net [Abstract]
Gross	14,902	14,560
Accumulated Amortization	(5,837)	(5,704)
Net	9,065	8,856
Trademarks and trade names
Finite-Lived Intangible Assets, Net [Abstract]
Gross	2,786	2,786
Accumulated Amortization	(1,976)	(1,900)
Net	810	886
Developed and core technology
Finite-Lived Intangible Assets, Net [Abstract]
Gross	12,560	12,560
Accumulated Amortization	(8,591)	(8,087)
Net	3,969	4,473
Capitalized software development costs
Finite-Lived Intangible Assets, Net [Abstract]
Gross	222	155
Accumulated Amortization	0	0
Net	222	155
Customer relationships
Finite-Lived Intangible Assets, Net [Abstract]
Gross	32,683	32,534
Accumulated Amortization	(23,645)	(22,675)
Net	$ 9,038	$ 9,859

Goodwill and Intangible Asset_5

Goodwill and Intangible Assets, Net - Amortization Expense by Income Statement Caption (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Finite-Lived Intangible Assets [Line Items]
Amortization expense	$ 1,784	$ 1,802
Cost of sales
Finite-Lived Intangible Assets [Line Items]
Amortization expense	0	55
Selling, general and administrative expenses
Finite-Lived Intangible Assets [Line Items]
Amortization expense	$ 1,784	$ 1,747

Goodwill and Intangible Asset_6

Goodwill and Intangible Assets, Net - Estimated Future Annual Amortization Expense Related to Intangible Assets (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Schedule of Estimated Future Amortization expense
2019 (remaining 9 months)	$ 5,400
2020	6,052
2021	2,459
2022	2,259
2023	2,100
Thereafter	4,967
Net	$ 23,237	$ 24,370

Line of Credit (Details)

Line of Credit (Details) - USD ($)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Jul. 01, 2019	Dec. 31, 2018
Line of Credit Facility [Line Items]
Amount outstanding under line of credit	$ 106,500,000			$ 101,500,000
Interest expense on borrowings	$ 1,300,000	$ 1,100,000
Line of Credit | US Bank
Line of Credit Facility [Line Items]
Effective interest rate	4.25%
Line of Credit | US Bank | LIBOR | Minimum
Line of Credit Facility [Line Items]
Basis spread on variable rate	1.25%
Line of Credit | US Bank | LIBOR | Maximum
Line of Credit Facility [Line Items]
Basis spread on variable rate	1.75%
Line of Credit | US Bank | Base Rate | Minimum
Line of Credit Facility [Line Items]
Basis spread on variable rate	0.00%
Line of Credit | US Bank | Base Rate | Maximum
Line of Credit Facility [Line Items]
Basis spread on variable rate	0.50%
Line of Credit | US Bank | Enson
Line of Credit Facility [Line Items]
Ownership interest used to secure obligations	65.00%
Line of Credit | Second Amended Credit Agreement
Line of Credit Facility [Line Items]
Maximum borrowing capacity	$ 130,000,000
Commitment fees	0
Line of Credit | Second Amended Credit Agreement | Forecast
Line of Credit Facility [Line Items]
Maximum borrowing capacity			$ 125,000,000
Letter of Credit
Line of Credit Facility [Line Items]
Letter of credit outstanding amount	$ 2,700,000

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Income Tax Disclosure [Abstract]
Income tax expense (benefit)	$ 996	$ (166)
Unrecognized tax benefits	4,600
Unrecognized tax benefits that would impact effective rate	4,300
Anticipated decrease in unrecognized tax benefits	200
Accrued interest and penalties	$ 500		$ 500

Accrued Compensation (Details)

Accrued Compensation (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Components of Accrued Compensation
Accrued social insurance	$ 16,866	$ 16,735
Accrued salary/wages	8,631	8,783
Accrued vacation/holiday	3,168	2,954
Accrued bonus	2,263	2,361
Accrued commission	541	1,432
Other accrued compensation	2,395	1,700
Total accrued compensation	33,864	33,965
Salaries accrued for thirteenth month	$ 300	$ 400

Other Accrued Liabilities (Deta

Other Accrued Liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Payables and Accruals [Abstract]
Duties	$ 6,451	$ 4,865
Freight and handling fees	5,543	3,217
Operating lease obligations	3,762	0
Professional fees	1,808	1,930
Sales taxes and VAT	146	1,050
Short-term contingent consideration	4,590	4,190
Tooling	2,327	1,770
Other	7,042	6,989
Total other accrued liabilities	$ 31,669	$ 24,011

Commitments and Contingencies -

Commitments and Contingencies - Changes in the Liability for Product Warranty Claim Costs (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Schedule of Changes in Reserve for Product Warranty Claim Costs
Balance at beginning of period	$ 276	$ 339
Accruals for warranties issued during the period	0	0
Settlements (in cash or in kind) during the period	0	(100)
Balance at end of period	$ 276	$ 239

Commitments and Contingencies_2

Commitments and Contingencies - Narrative (Details) - Pending Litigation	Sep. 05, 2018patent	Jun. 10, 2015productsubsidiarypatentcustomer	Sep. 30, 2015patent
UEBV Lawsuit
Contingencies [Line Items]
Number of subsidiaries named in lawsuit | subsidiary		1
Number of customers named in lawsuit | customer		1
UEBV Lawsuit | Design Patents
Contingencies [Line Items]
Number of products named in lawsuit | product		1
Number of patents allegedly infringed upon		2
UEBV Lawsuit | Utility Patents
Contingencies [Line Items]
Number of patents allegedly infringed upon		1	1
Roku Lawsuit | Utility Patents
Contingencies [Line Items]
Number of patents allegedly infringed upon	9

Treasury Stock - Narrative (Det

Treasury Stock - Narrative (Details) - USD ($)	Mar. 31, 2019	Oct. 30, 2018
Equity, Class of Treasury Stock [Line Items]
Share value available for repurchase	$ 3,900,000
Share Repurchase Plan - Authorized October 30, 2018
Equity, Class of Treasury Stock [Line Items]
Open market share value authorized for repurchase		$ 5,000,000

Treasury Stock - Repurchased Sh

Treasury Stock - Repurchased Shares of Common Stock (Details) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Equity [Abstract]
Shares repurchased (in shares)	43	13
Cost of shares repurchased	$ 1,215	$ 615

Foreign Operations - Net Sales

Foreign Operations - Net Sales to External Customers by Geographic Area (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Schedule of Revenues from Geographical Segments [Line Items]
Net sales	$ 184,163	$ 164,698
United States
Schedule of Revenues from Geographical Segments [Line Items]
Net sales	98,936	79,751
Asia (excluding the PRC)
Schedule of Revenues from Geographical Segments [Line Items]
Net sales	24,076	27,400
People's Republic of China (PRC)
Schedule of Revenues from Geographical Segments [Line Items]
Net sales	22,308	20,117
Europe
Schedule of Revenues from Geographical Segments [Line Items]
Net sales	23,299	19,130
Latin America
Schedule of Revenues from Geographical Segments [Line Items]
Net sales	7,787	10,030
Other
Schedule of Revenues from Geographical Segments [Line Items]
Net sales	$ 7,757	$ 8,270

Foreign Operations - Long-Lived

Foreign Operations - Long-Lived Tangible Assets by Geographic Area (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Long-lived Assets from External Customers and Long-Lived Assets [Line Items]
Long-lived tangible assets	$ 96,402	$ 100,455
United States
Long-lived Assets from External Customers and Long-Lived Assets [Line Items]
Long-lived tangible assets	13,673	14,504
People's Republic of China (PRC)
Long-lived Assets from External Customers and Long-Lived Assets [Line Items]
Long-lived tangible assets	74,001	79,382
All other countries
Long-lived Assets from External Customers and Long-Lived Assets [Line Items]
Long-lived tangible assets	$ 8,728	$ 6,569

Stock-Based Compensation - Stoc

Stock-Based Compensation - Stock-based Compensation Expense and Related Income Tax Benefit (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Employee and director stock-based compensation expense	$ 1,918	$ 2,204
Income tax benefit	399	463
Cost of sales
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Employee and director stock-based compensation expense	28	17
Research and development expenses
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Employee and director stock-based compensation expense	220	155
Selling, general and administrative expenses | Employees
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Employee and director stock-based compensation expense	1,424	1,528
Selling, general and administrative expenses | Outside directors
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Employee and director stock-based compensation expense	$ 246	$ 504

Stock-Based Compensation - St_2

Stock-Based Compensation - Stock Option Activity (Details) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2019USD ($)$ / sharesshares
Number of Options
Outstanding at beginning of period (in shares) | shares	597
Granted (in shares) | shares	150
Exercised (in shares) | shares	0
Forfeited/canceled/expired (in shares) | shares	0
Outstanding at end of period (in shares) | shares	747
Vested and expected to vest at end of period (in shares) | shares	747
Exercisable at end of period (in shares) | shares	486
Weighted-Average Exercise Price
Outstanding at beginning of period (in dollars per share) | $ / shares	$ 44.27
Granted (in dollars per share) | $ / shares	27.07
Exercised (in dollars per share) | $ / shares	0
Forfeited/canceled/expired (in dollars per share) | $ / shares	0
Outstanding at end of period (in dollars per share) | $ / shares	40.80
Vested and expected to vest at end of period (in dollars per share) | $ / shares	40.80
Exercisable at end of period (in dollars per share) | $ / shares	$ 42.99
Weighted-Average Remaining Contractual Term (in years)
Outstanding at end of period	4 years 5 months 12 days
Vested and expected to vest at end of period	4 years 5 months 12 days
Exercisable at end of period	3 years 5 months 9 days
Aggregate Intrinsic Value
Exercised | $	$ 0
Outstanding at end of period | $	4,020
Vested and expected to vest at end of period | $	4,020
Exercisable at end of period | $	$ 2,500

Stock-Based Compensation - Assu

Stock-Based Compensation - Assumptions Used in Valuation and Weighted Average Fair Value of Stock Option Grants (Details) - $ / shares	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Weighted average fair value of grants (in dollars per share)	$ 10.28	$ 14.26
Risk-free interest rate	2.49%	2.51%
Expected volatility	41.64%	33.09%
Expected life	4 years 6 months 15 days	4 years 6 months 11 days

Stock-Based Compensation - Narr

Stock-Based Compensation - Narrative (Details) $ in Millions	3 Months Ended
	Mar. 31, 2019USD ($)
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized pre-tax stock-based compensation expense	$ 3.1
Unrecognized pre-tax stock-based compensation expense, remaining weighted-average life	2 years 1 month 6 days
Restricted Stock Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized pre-tax stock-based compensation expense	$ 11.6
Unrecognized pre-tax stock-based compensation expense, remaining weighted-average life	2 years 2 months 12 days

Stock-Based Compensation - Non-

Stock-Based Compensation - Non-Vested Restricted Stock Award Activity (Details) shares in Thousands	3 Months Ended
	Mar. 31, 2019$ / sharesshares
Shares
Non-vested at beginning of period (in shares) | shares	204
Granted (in shares) | shares	225
Vested (in shares) | shares	(77)
Forfeited (in shares) | shares	(4)
Non-vested at end of period (in shares) | shares	348
Weighted-Average Grant Date Fair Value
Non-vested at beginning of period (in dollars per share) | $ / shares	$ 49.23
Granted (in dollars per share) | $ / shares	28.36
Vested (in dollars per share) | $ / shares	49.11
Forfeited (in dollars per share) | $ / shares	39.53
Non-vested at end of period (in dollars per share) | $ / shares	$ 35.90

Performance-Based Common Stoc_3

Performance-Based Common Stock Warrants - Narrative (Details)	Mar. 09, 2016USD ($)vesting_period$ / sharesshares	Mar. 31, 2019USD ($)shares
Class of Warrant or Right [Line Items]
Unrecognized estimated fair value of unvested warrants | $		$ 3,700,000
Common Stock Purchase Warrants
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 vesting periods	2 years	2 years
Vesting period one	2 years
Vested warrants outstanding (in shares) | shares		175,000
Unearned underlying shares (in shares) | shares		475,000
Total vesting period		4 years
Number of warrants vested (in shares) | shares		0
Common Stock Purchase Warrants | Supply Threshold
Class of Warrant or Right [Line Items]
Aggregate level of purchases, $260 million threshold | $	$ 260,000,000
Aggregate level of purchases, $340 million threshold | $	$ 340,000,000
Supply threshold amount | $		$ 680,000,000

Performance-Based Common Stoc_4

Performance-Based Common Stock Warrants - Purchase Level and Number of Warrants to Vest (Details) - Common Stock Purchase Warrants - Supply Threshold	Mar. 09, 2016USD ($)shares
Class of Warrant or Right [Line Items]
Aggregate level of purchases, threshold one | $	$ 260,000,000
Aggregate level of purchases, threshold two | $	300,000,000
Aggregate level of purchases, threshold three | $	$ 340,000,000
Incremental Warrants That Will Vest January 1, 2016 - December 31, 2017
$260 million threshold (in shares)	100,000
$300 million threshold (in shares)	75,000
$340 million threshold (in shares)	75,000
Maximum Potential Warrants Earned by Comcast (in shares)	250,000
Incremental Warrants That Will Vest January 1, 2018 - December 31, 2019
$260 million threshold (in shares)	100,000
$300 million threshold (in shares)	75,000
$340 million threshold (in shares)	75,000
Maximum Potential Warrants Earned by Comcast (in shares)	250,000
Incremental Warrants That Will Vest January 1, 2020 - December 31, 2021
$260 million threshold (in shares)	75,000
$300 million threshold (in shares)	75,000
$340 million threshold (in shares)	75,000
Maximum Potential Warrants Earned by Comcast (in shares)	225,000

Performance-Based Common Stoc_5

Performance-Based Common Stock Warrants - Assumptions Used in Valuation and Weighted Average Fair Value of Warrants (Details) - Common Stock Purchase Warrants	Mar. 31, 2019$ / shares	Mar. 31, 2018$ / shares
Class of Warrant or Right [Line Items]
Fair value (in dollars per share)	$ 9	$ 16.88
Price of Universal Electronics Inc. common stock (in dollars per share)	$ 37.46	$ 52.43
Risk-free interest rate
Class of Warrant or Right [Line Items]
Valuation assumption rate	0.0222	0.0254
Expected volatility
Class of Warrant or Right [Line Items]
Valuation assumption rate	0.4445	0.3453
Expected life
Class of Warrant or Right [Line Items]
Expected life	3 years 9 months	4 years 9 months

Performance-Based Common Stoc_6

Performance-Based Common Stock Warrants - Impact to Net Sales in Connection with Warrants and Related Income Tax Benefit (Details) - Common Stock Purchase Warrants - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Class of Warrant or Right [Line Items]
Reduction to net sales	$ 434	$ 471
Income tax benefit	$ 108	$ 118

Other Income (Expense), Net (De

Other Income (Expense), Net (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Other Income and Expenses [Abstract]
Net gain (loss) on foreign currency exchange contracts	$ (271)	$ (1,331)
Net gain (loss) on foreign currency exchange transactions	(132)	725
Other income (expense)	(63)	19
Other income (expense), net	$ (466)	$ (587)

Earnings (Loss) Per Share - Cal

Earnings (Loss) Per Share - Calculation of Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
BASIC
Net income (loss)	$ (1,005)	$ (587)
Weighted-average common shares outstanding (in shares)	13,827	14,087
Basic earnings (loss) per share (in dollars per share)	$ (0.07)	$ (0.04)
DILUTED
Net income (loss)	$ (1,005)	$ (587)
Weighted-average common shares outstanding (in shares)	13,827	14,087
Dilutive effect of stock options, restricted stock and common stock warrants (in shares)	0	0
Weighted-average common shares outstanding on a diluted basis (in shares)	13,827	14,087
Diluted earnings (loss) per share (in dollars per share)	$ (0.07)	$ (0.04)

Earnings (Loss) Per Share - Sec

Earnings (Loss) Per Share - Securities Excluded from the Computation of Diluted Earnings (Loss) Per Common Share (Details) - shares shares in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Stock options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Securities excluded in computation of diluted earning per share (in shares)	543	574
Restricted stock awards
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Securities excluded in computation of diluted earning per share (in shares)	227	203
Performance-based warrants
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Securities excluded in computation of diluted earning per share (in shares)	175	175

Derivatives - Total Net Fair Va

Derivatives - Total Net Fair Value of Derivatives (Details) - Fair Value Measurements on a Recurring Basis - Foreign Currency Exchange Contracts - Not Designated as Hedging Instrument - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Total Balance
Derivatives, Fair Value [Line Items]
Foreign currency exchange contracts	$ 132	$ (249)
Level 1
Derivatives, Fair Value [Line Items]
Foreign currency exchange contracts	0	0
Level 2
Derivatives, Fair Value [Line Items]
Foreign currency exchange contracts	132	(249)
Level 3
Derivatives, Fair Value [Line Items]
Foreign currency exchange contracts	$ 0	$ 0

Derivatives - Narrative (Detail

Derivatives - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Derivative Instruments,Gain (Loss) [Line Items]
Net gain (loss) on foreign currency exchange contracts	$ (271)	$ (1,331)
Not Designated as Hedging Instrument | Foreign Currency Exchange Contracts | Other Income (Expense), Net
Derivative Instruments,Gain (Loss) [Line Items]
Net gain (loss) on foreign currency exchange contracts	$ (300)	$ (1,300)

Derivatives - Foreign Currency

Derivatives - Foreign Currency Exchange Contracts (Details) - Not Designated as Hedging Instrument	3 Months Ended	12 Months Ended
	Mar. 31, 2019USD ($)$ / €¥ / $$ / R$	Dec. 31, 2018USD ($)$ / €¥ / $$ / R$
USD/Brazilian Real
Derivative [Line Items]
Notional value	$ 1,000,000	$ 1,000,000
Forward rate	3.8757	3.8651
Unrealized gain/(loss) recorded at balance sheet date	$ 10,000	$ 5,000
USD/Euro
Derivative [Line Items]
Notional value	$ 22,000,000	$ 20,000,000
Forward rate	1.1331	1.1421
Unrealized gain/(loss) recorded at balance sheet date	$ 181,000	$ (97,000)
USD/Chinese Yuan Renminbi
Derivative [Line Items]
Notional value	$ 28,000,000
Forward rate | $ / R$	6.7365
Unrealized gain/(loss) recorded at balance sheet date	$ (59,000)
USD/Chinese Yuan Renminbi | USD/Chinese Yuan Renminbi
Derivative [Line Items]
Notional value		$ 27,000,000
Forward rate | ¥ / $		6.8969
Unrealized gain/(loss) recorded at balance sheet date		$ (116,000)
USD/Chinese Yuan Renminbi | USD/Chinese Yuan Renminbi
Derivative [Line Items]
Notional value		$ 5,000,000
Forward rate | ¥ / $		6.9245
Unrealized gain/(loss) recorded at balance sheet date		$ (41,000)