UTStarcom (UTSI) 20-F 14 Nov 17 2016 FY Annual report (foreign) Financial data

Document and Entity Information

Document and Entity Information	12 Months Ended
	Dec. 31, 2016shares
Document and Entity Information
Entity Registrant Name	UTSTARCOM HOLDINGS CORP.
Entity Central Index Key	1,030,471
Document Type	20-F
Document Period End Date	Dec. 31, 2016
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Non-accelerated Filer
Entity Common Stock, Shares Outstanding	32,224,553
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	FY

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Current assets:
Cash and cash equivalents	$ 83,922	$ 77,050	$ 77,824	$ 107,773
Short-term investments	479
Accounts receivable, net of allowances for doubtful accounts of $2,339 and $4,564, respectively	18,329	17,936
Inventories	22,577	17,470
Deferred costs	19,319	25,499
Prepaid and other current assets	6,995	11,388
Short-term restricted cash	11,397	12,264
Total current assets	163,018	161,607
Property, plant and equipment, net	1,610	1,510
Long-term investments	7,753	19,521
Long-term deferred costs	276	332
Long-term deferred tax assets	2,049	11,193
Other long-term assets	3,997	4,216
Total assets	178,703	198,379
Current liabilities:
Accounts payable	22,480	16,400
Income taxes payable	8,140	9,906
Customer advances	29,046	30,976
Deferred revenue	10,779	16,965
Deferred tax liabilities		9,779
Other current liabilities	16,723	13,763
Total current liabilities	87,168	97,789
Long-term deferred revenue	3,813	8,554
Other long-term liabilities	4,981	8,259
Total liabilities	95,962	114,602
Commitments and contingencies (Note 8)
Shareholders' equity:
Ordinary shares: $0.00375 par value; 250,000 authorized shares; 39,009 and 38,465 shares issued at December 31, 2016 and December 31, 2015, respectively; 35,225 and 36,735 shares outstanding at December 31, 2016 and December 31, 2015, respectively	122	122
Additional paid-in capital	1,262,005	1,259,767
Treasury stock, at cost: 3,784 and 1,730 shares at December 31, 2016 and December 31, 2015, respectively	(8,234)	(4,138)
Accumulated deficit	(1,233,154)	(1,233,444)
Accumulated other comprehensive income	62,002	61,470
Shareholders' equity	82,741	83,777
Total liabilities and equity	$ 178,703	$ 198,379

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) shares in Thousands, $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
CONSOLIDATED BALANCE SHEETS
Allowances for doubtful accounts (in dollars)	$ 2,339	$ 4,564
Ordinary share, par value (in dollars per share)	$ 0.00375	$ 0.00375
Ordinary share, authorized shares	250,000	250,000
Ordinary share, shares issued	39,009	38,465
Ordinary share, shares outstanding	35,225	36,735
Treasury shares	3,784	1,730

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Net sales
Products	$ 61,735	$ 87,361	$ 105,988
Services	24,777	29,742	23,432
Total net sales	86,512	117,103	129,420
Cost of net sales
Products	41,472	65,891	84,988
Services	16,684	23,344	22,304
Total cost of net sales	58,156	89,235	107,292
Gross profit	28,356	27,868	22,128
Operating expenses:
Selling, general and administrative	18,146	21,515	24,515
Research and development	8,502	11,342	11,686
Total operating expenses	26,648	32,857	36,201
Operating income (loss)	1,708	(4,989)	(14,073)
Interest income	871	557	589
Interest expense	(55)	(76)	(88)
Other income (expense), net	2,748	3,489	(2,249)
Equity income (loss) of associates	984	(13,954)	(8,878)
Investment impairment	(5,336)	(16,347)	(3,947)
Income (loss) before income taxes	920	(31,320)	(28,646)
Income tax benefit (expense)	(788)	4,162	(1,618)
Net income (loss)	132	(27,158)	(30,264)
Net loss attributable to non-controlling interests	158
Net income (loss) attributable to UTStarcom Holdings Corp.	$ 290	$ (27,158)	$ (30,264)
Net income (loss) per share attributable to UTStarcom Holdings Corp. - Basic	$ 0.01	$ (0.74)	$ (0.81)
Net income (loss) per share attributable to UTStarcom Holdings Corp.-Diluted	$ 0.01	$ (0.74)	$ (0.81)
Weighted average shares outstanding-Basic	35,806	37,003	37,380
Weighted average shares outstanding-Diluted	36,402	37,003	37,380
Net income (loss)	$ 132	$ (27,158)	$ (30,264)
Other comprehensive income (loss), net of tax
Net change in cumulative translation adjustment	532	(1,611)	(2,781)
Unrealized gain (loss) from available-for-sale investments		(673)	673
Comprehensive income (loss)	664	(29,442)	(32,372)
Comprehensive loss attributable to non-controlling interests	158
Comprehensive income (loss) attributable to UTStarcom Holdings Corp.	$ 822	$ (29,442)	$ (32,372)

CONSOLIDATED STATEMENTS OF SHAR

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($) $ in Thousands	Common Stock	Additional Paid-in Capital	Treasury Stock	(Accumulated Deficit)	Accumulated Other Comprehensive Income	Non-controlling interest	Total
Balance at Dec. 31, 2013	$ 151	$ 1,280,810	$ (20,421)	$ (1,176,022)	$ 65,862		$ 150,380
Balance (in shares) at Dec. 31, 2013	39,777,854
Increase (Decrease) in Stockholders' Equity
Common stock issued	$ 8	5,332					5,340
Common stock issued (in shares)	2,000,000
Repurchase of ordinary shares			(10,308)				(10,308)
Repurchase of ordinary shares (in shares)	(4,050,296)
Restricted stock issued and restricted stock units released (in shares)	420,518
Stock-based compensation		2,289					2,289
Treasury stock retirement	$ (37)	(30,249)	30,286
Net income (loss)				(30,264)			(30,264)
Other comprehensive income:
Foreign currency translation					(2,902)		(2,902)
CTA recognition due to closure of the subsidiaries					121		121
Unrealized gain from available-for-sale investments					673		673
Balance at Dec. 31, 2014	$ 122	1,258,182	(443)	(1,206,286)	63,754		115,329
Balance (in shares) at Dec. 31, 2014	38,148,076
Increase (Decrease) in Stockholders' Equity
Common stock issued upon option exercise		39					$ 39
Common stock issued upon option exercise (in shares)	11,543						12,000
Repurchase of ordinary shares			(3,695)				$ (3,695)
Repurchase of ordinary shares (in shares)	(1,563,302)
Restricted stock issued and restricted stock units released (in shares)	138,997
Stock-based compensation		1,546					1,546
Net income (loss)				(27,158)			(27,158)
Other comprehensive income:
Foreign currency translation					(1,611)		(1,611)
Unrealized gain from available-for-sale investments					(673)		(673)
Balance at Dec. 31, 2015	$ 122	1,259,767	(4,138)	(1,233,444)	61,470		$ 83,777
Balance (in shares) at Dec. 31, 2015	36,735,314						36,735,000
Increase (Decrease) in Stockholders' Equity
Repurchase of ordinary shares			(4,096)				$ (4,096)
Repurchase of ordinary shares (in shares)	(2,054,655)
Restricted stock issued and restricted stock units released (in shares)	543,894
Stock-based compensation		2,238					2,238
Net income (loss)				290		$ (158)	132
Acquisition of non-controlling interests						$ 158	158
Other comprehensive income:
Foreign currency translation					570		570
CTA recognition due to closure of the subsidiaries					(38)		(38)
Balance at Dec. 31, 2016	$ 122	$ 1,262,005	$ (8,234)	$ (1,233,154)	$ 62,002		$ 82,741
Balance (in shares) at Dec. 31, 2016	35,224,553						35,225,000

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)	$ 132	$ (27,158)	$ (30,264)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Depreciation	1,208	2,202	2,654
Net loss (gain) on disposal of assets	(62)	180	219
Loss (gain) on Cumulative Translation Adjustment recognition from liquidation of subsidiaries	(38)		121
Gain on release of tax liability due to expiration of the statute of limitations	(3,272)	(7,747)	(992)
Equity income (loss) of associates	(984)	13,954	8,878
Investment impairment	5,336	16,347	3,947
Gain on sale of short- term investment	(83)	(1,529)
Stock-based compensation expense	2,238	1,546	2,289
Provision for doubtful accounts receivable	1,564	79	49
Loan impairment (recovery), net		(538)	2,788
Deferred income taxes	771	1,030	(424)
Changes in operating assets and liabilities
Accounts receivable	(1,966)	(1,491)	6,332
Inventories and deferred costs	(190)	35,973	36,859
Prepaids and other assets	2,821	1,558	(772)
Accounts payable	7,393	(12,233)	6,415
Income taxes payable	(751)	3,369	(3,390)
Customer advances	(1,054)	(17,352)	(25,759)
Deferred revenue	(10,556)	(18,610)	(18,788)
Other liabilities	3,225	(1,216)	(5,774)
Net cash provided by (used in) operating activities	5,732	(11,636)	(15,612)
CASH FLOWS FROM INVESTING ACTIVITIES:
Additions to property, plant and equipment	(1,527)	(917)	(1,298)
Payment on divestitures			(804)
Net proceeds from sales of property, plant and equipment	85
Change in restricted cash	1,322	707	(3,526)
Purchase of investments	(300)	(1,670)	(1,080)
Proceeds from sale of investments	7,683	16,228	932
Proceeds from sale of short-term investments		3,076
Net cash provided by (used in) investing activities	7,263	17,424	(5,776)
CASH FLOWS FROM FINANCING ACTIVITIES:
Issuance of ordinary shares		39	5,340
Acquisition of non-controlling interests	(304)
Repurchase of ordinary shares	(4,096)	(3,695)	(10,308)
Net cash used in financing activities	(4,400)	(3,656)	(4,968)
Effect of exchange rate changes on cash and cash equivalents	(1,723)	(2,906)	(3,593)
Net increase (decrease) in cash and cash equivalents	6,872	(774)	(29,949)
Cash and cash equivalents at beginning of year	77,050	77,824	107,773
Cash and cash equivalents at end of year	83,922	77,050	77,824
Cash paid (Recovered):
Interest	55	76	88
Income taxes	$ 3,311	$ (363)	5,100
Non-cash investing activities
Accrual for purchase of property, plant and equipment			13
Disposal of short-term investments through exchange of equity investment			1,826
Acquisition of short-term investments through exchange of equity investment			$ (1,826)

BASIS OF PRESENTATION, LIQUIDIT

BASIS OF PRESENTATION, LIQUIDITY	12 Months Ended
	Dec. 31, 2016
BASIS OF PRESENTATION, LIQUIDITY
BASIS OF PRESENTATION, LIQUIDITY	NOTE 1-BASIS OF PRESENTATION, LIQUIDITY UTStarcom Holdings Corp., and its wholly owned subsidiaries (collectively the Company, a Cayman Islands corporation incorporated in 2011, is a global telecom infrastructure provider dedicated to developing technology that will serve the rapidly growing demand for bandwidth from mobile, streaming and other applications. The Company works with carriers globally, from Asia to the Americas, to meet this demand through a range of innovative broadband packet optical transport and wireless/fixed-line access products and solutions. UTStarcom Inc. was founded in 1991 and started trading on NASDAQ in 2000. On June 24, 2011, the stockholders of UTStarcom Inc. approved the proposed merger, the Merger, to reorganize UTStarcom, Inc. as a Cayman Islands company. Pursuant to the approval of the shareholders, UTSI Mergeco Inc., a Delaware corporation and a wholly-owned subsidiary of UTStarcom Holdings Corp., merged with and into the existing public company, UTStarcom, Inc., which is incorporated under the laws of the State of Delaware. As a result of the reorganization, UTStarcom Holdings Corp. became the parent company of UTStarcom, Inc. and its subsidiaries. Also pursuant to the Merger, the Company issued an equal number of ordinary shares in exchange for the common stock of UTStarcom, Inc. The Company’s business is conducted in substantially the same manner as was conducted by UTStarcom, Inc. The transaction was accounted for as a legal re-organization of entities under common control. The accompanying consolidated financial statements include the accounts of the Company and its wholly- and majority-owned subsidiaries. All intercompany accounts and transactions have been eliminated in the preparation of the consolidated financial statements. The non-controlling interests in consolidated subsidiaries are shown separately in the consolidated financial statements. The accompanying Consolidated Balance Sheets as of December 31, 2016 and 2015, and the Consolidated Statements of Operations and Comprehensive Income (Loss) for each of the three years ended December 31, 2016, 2015 and 2014 have been prepared by the Company pursuant to the rules and regulations of the U.S Securities and Exchanges Commission (“SEC”) and in conformity with generally accepted accounting principles in the United States. (“US GAAP”). The accompanying consolidated financial statements are presented on the basis that the Company is a going concern. The going concern assumption contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Financial Accounting Standards Board (“FASB”) issued Accounting Standards Updates (“ASU’) 2014-15 “ Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern ” which was effective for December 15,2016. The Company’s management early adopted this ASU, and considered the company’s current financial status, business operation, market strategy, and products development in the next twelve months dated after report issuance date. And the Company concluded there was no substantial doubt about the Company’s ability to continue as a going concern. The Company incurred net income of $0.3 million, net losses of $27.2 million (restated) and $30.3 million during the years ended December 31, 2016, 2015, and 2014, respectively. As of December 31, 2016 and 2015, the Company had an accumulated deficit of $1,233.2 million and $1,233.4 million (restated), respectively. The Company generated net cash inflow from operation of $5.7 million and had cash outflows from operations of $11.6 million and $15.6 million during the years ended December 31, 2016, 2015 and 2014, respectively. As of December 31, 2016 and 2015, the Company had cash and cash equivalents of $83.9 million and $77.1 million, of which $13.5 million and $19.8 million, respectively, were held by subsidiaries in China. China imposes currency exchange controls on certain transfers of funds to and from China. The Company’s China subsidiaries are subject to pre-approval from the State Administration of Foreign Exchange (“SAFE”) for non-domestic financing. Additionally, the amount of cash available for transfer from the China subsidiaries for use by the Company’s non-China subsidiaries is also limited both by the liquidity needs of the subsidiaries in China and the restriction on currency exchange by Chinese-government mandated limitations including currency exchange controls on certain transfers of funds outside of China. The Company’s China subsidiaries have no accumulated profit as of December 31, 2016 determined in accordance with Chinese accounting standards that can be paid as dividends. In the years 2016, 2015 and 2014, the Company’s China subsidiaries did not pay dividends to our parent company. Management believes that the continuing efforts to stream-line the Company’s operations will enable the Company to control operating costs to be better aligned with operations, market demand and projected sales levels. As of December 31, 2016, the Company’s working capital was $75.9 million. Therefore, management believes both the Company’s China and non-China operations will have sufficient liquidity to finance working capital and capital expenditure needs in excess of 12 months dated after report issuance date. Furthermore, the Company has concentrated its business in Asia, particularly Japan, India and Taiwan. Any unforeseen prolonged economic and /or political risks in these markets could impact the Company’s customers in making their respective investment decisions and could have a material impact on the foregoing assessment. There can be no assurance that additional financing, if required, will be available on terms satisfactory to the Company or at all, and if funds are raised in the future through issuance of preferred stock or debt, these securities could have rights, privileges or preference senior to those of the Company’s ordinary shares and newly issued debt could contain debt covenants that impose restrictions on the Company’s operations. Further, any sale of newly issued debt or equity securities could result in additional dilution to the Company’s current shareholders. In connection with our year-end financial statement close and preparation of our Form 20-F for 2016, the Company identified an error in our historical financial statements as of December 31, 2015 and for fiscal year then ended (the “Restated Period”). According, the Company has restated the consolidated financial statements for the Restated Period to reflect the correction of the error which is described below. During the 2016 year-end financial statement close process, the Company identified an impairment on our investment of UTStarcom Hong Kong Holdings Ltd, which existed as at December 31, 2015, which increased the investment impairment and reduced the Company’s net book value of Long-term investments by $6.5 million. See Note 6-Cash, Cash Equivalents and Investments. The tables below present the impact of the changes to our Consolidated Financial Statement line item: December 31, Previously Adjustment Restated In ASSETS Current assets: Cash and cash equivalents $ — $ Accounts receivable, net of allowances for doubtful accounts of $4,564 — Inventories — Deferred costs — Prepaids and other current assets — Short-term restricted cash — Total current assets — Property, plant and equipment, net — Long-term investments ) Long-term deferred costs — Long-term deferred tax assets — Other long-term assets — Total assets ) LIABILITIES AND EQUITY Current liabilities: Accounts payable — Income taxes payable — Customer advances — Deferred revenue — Deferred tax liabilities — Other current liabilities — Total current liabilities — Long-term deferred revenue — Other long-term liabilities — Total liabilities — Commitments and contingencies (Note 12) UTStarcom Holdings Corp. shareholders’ equity: Ordinary shares: $0.00375 par value; 250,000 authorized shares; 38,465 shares issued at December 31, 2015, respectively; 36,735 shares outstanding at December 31, 2015 — Additional paid-in capital — Treasury stock, at cost: 1,730 shares at December 31, 2015 ) — ) Accumulated deficit ) ) ) Accumulated other comprehensive income — Total UTStarcom Holdings Corp. shareholders’ equity ) Total liabilities and equity $ $ ) $ Years ended December 31, Previously Adjustment Restated (In thousands, except per Net sales Products $ — $ Services — — Cost of net sales Products — Services — Gross profit — Operating expenses: Selling, general and administrative — Research and development — Total operating expenses — Operating loss ) — ) Interest income — Interest expense ) — ) Other income, net — Equity pick up of loss of associates ) — ) Investment Impairment ) ) ) Loss before income taxes ) ) ) Income tax benefit — Net loss ) ) ) Net loss attributable to non-controlling interests — — — Net loss attributable to UTStarcom Holdings Corp. $ ) $ ) $ ) Net loss per share attributable to UTStarcom Holdings Corp.—Basic and Diluted $ ) $ ) $ ) Weighted average shares outstanding—Basic and Diluted Years ended December 31, 2015 Previously Adjustment Restated (In CASH FLOWS FROM OPERATING ACTIVITIES: Net loss $ ) $ ) $ ) Adjustments to reconcile net income (loss) to net cash used in operating activities: Depreciation — Net loss on disposal of assets — Reversal of tax payable ) — ) Equity pick up of losses of an associate — Investment Impairment Gain on sale of short- term investment ) — ) Stock‑based compensation expense — Provision for doubtful accounts — Deferred income taxes — Assets impairment ) — ) Changes in operating assets and liabilities Accounts receivable ) — ) Inventories and deferred costs — Other assets — Accounts payable ) — ) Income taxes payable — Customer advances ) — ) Deferred revenue ) — ) Other liabilities ) — ) Net cash used in operating activities ) — ) CASH FLOWS FROM INVESTING ACTIVITIES: Additions to property, plant and equipment ) — ) Change in restricted cash — Purchase of investment interests ) — ) Proceeds from refund of investment interests — Proceeds from sale of short-term investments — Net cash provided by investing activities — CASH FLOWS FROM FINANCING ACTIVITIES: Issuance of ordinary shares — Repurchase of ordinary shares ) — ) Net cash used in financing activities ) — ) Effect of exchange rate changes on cash and cash equivalents ) — ) Net decrease in cash and cash equivalents ) — ) Cash and cash equivalents at beginning of year — Cash and cash equivalents at end of year $ — $

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2016
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 2-SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Use of Estimates: The preparation of consolidated financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Significant judgment and estimates are used for revenue recognition, allowances for doubtful accounts and sales returns, tax valuation allowances, inventory write-down, impairment of property, plant and equipment, deferred costs, accrued product warranty costs, provisions for contract losses, investment impairments, going concern assessment, stock-based compensation expense, and loss contingencies among others. Actual results could differ materially from those estimates. Cash and Cash Equivalents: Cash and cash equivalents consist of highly liquid instruments with original maturities of three months or less. Approximately 36.4%, or $30.6 million of cash and cash equivalents were held by the Company’s subsidiaries in the U.S. as of December 31, 2016. The remainder was held by the other UTStarcom entities throughout the world. As of December 31, 2016, approximately 16.1%, or $13.5 million, of the Company’s cash and cash equivalents were held by its subsidiaries in China, and China imposes currency exchange controls on transfers of funds outside of China. Approximately 17%, or $12.9 million of cash and cash equivalents were held by the Company’s subsidiaries in the U.S. as of December 31, 2015. The remainder was held by the other UTStarcom entities throughout the world. As of December 31, 2015, approximately 26%, or $19.8 million, of the Company’s cash and cash equivalents were held by its subsidiaries in China, and China imposes currency exchange controls on transfers of funds outside of China. Cash and cash equivalents are invested in short-term bank deposits and similar short duration instruments that are highly liquid and readily convertible with fixed maturities from overnight to three months. Restricted Cash: As of December 31, 2016, the Company had short-term restricted cash of $11.4 million, and had long-term restricted cash of $3.3 million included in other long-term assets. As of December 31, 2015, the Company had short-term restricted cash of $12.3 million, and had long-term restricted cash of $3.8 million included in other long-term assets. These amounts primarily collateralize the Company’s issuances of performance bonds, warranty bonds, and standby and commercial letters of credit. Investments: The Company’s investments consist principally of debt and equity securities classified as “available for sale,” and cost and equity method investments in privately held companies. The investments in equity securities of privately held companies in which the Company does not have the ability to exercise significant influence are accounted for under ASC 325, “ Investments-Other ” using the cost method. Under the cost method, these investments are carried at the lower of cost or fair market value. The investments in equity securities of privately held companies in which the Company has the ability to exercise significant influence, but does not own a majority equity interest or otherwise control are accounted for under ASC 323, “ Investments-Equity Method and Joint Ventures ” using the equity method. Investments in debt securities classified as available for sale are measured at fair value on the balance sheets under ASC 320, “ Investments-Debt and Equity Securities. ”. Unrealized holding gains and losses for available-for-sale securities (including those classified as current assets) are excluded from earnings and reported in other comprehensive income until realized except as indicated in the following paragraph. The Company recognizes an impairment charge when a decline in the fair value of its investments below the cost basis is judged to be other-than-temporary. In making this determination, the Company reviews several factors to determine whether the losses are other-than-temporary, including but not limited to: (i) the length of time the investment was in an unrealized loss position, (ii) the extent to which fair value was less than cost, (iii) the financial condition and near term prospects of the issuer, and (iv) the Company’s intent and ability to hold the investment for a period of time sufficient to allow for any anticipated recovery in fair value. Revenue Recognition: The Company recognizes revenue when persuasive evidence of an arrangement exists, delivery has occurred, the fee is fixed or determinable and collectability is reasonably assured. The Company assesses collectability based on a number of factors, including payment history and the credit-worthiness of the customer. If the Company determines that collection is not reasonably assured, the Company defers revenue recognition until collection becomes reasonably assured, which is generally upon receipt of cash. If the payment due from the customer is not fixed or determinable due to extended payment terms, revenue is recognized as payments become due and payable by the customer, assuming all other criteria for revenue recognition are met. Any payments received prior to revenue recognition are recorded as customer advances. Any expected losses on contracts are recognized when identified on an individual basis in accordance with the prevailing accounting guidance for the respective contract. When a sales arrangement contains multiple deliverable elements or multiple element arrangements, the Company allocates revenue to each element based on the relative selling price of each element. Under this approach, the selling price of a deliverable is determined by using a selling price hierarchy that requires the use of vendor-specific objective evidence, or (“VSOE”) of fair value, if available, third-party evidence, or (“TPE”) of selling price if VSOE is not available or management’s best estimate of selling prices, or (“BESP”) if neither VSOE nor TPE is available. VSOE is the selling price using the price charged by the Company for a deliverable when sold separately. When there is no VSOE, the Company uses management’s BESP in the allocation of arrangement consideration. Therefore, the Company typically is not able to determine TPE for its products or services. TPE of selling price is determined by evaluating similar competitor deliverables when sold separately to similarly situated customers. Generally, the Company’s products differ from that of its peers, in that its product offerings are directed towards the integration of telecom, broadband and cable television networks and as such, usually entail a significant level of differentiation or customization for its customers such that the comparable pricing of products with similar functionality cannot be obtained. Furthermore, the Company is unable to reliably determine what similar competitor products’ selling prices are on a stand-alone basis. Multiple element arrangements primarily involve the sale of hardware systems, installation and training. In addition, while not separately sold, the arrangement may include extended warranties that cover product repairs, maintenance services, and software updates for the software components that are essential to the functionality of the hardware systems or equipment. Revenue consideration allocated to each element under the relative selling price method is recognized as each element is earned, namely upon installation and acceptance of equipment or delivery of terminals, the delivered element(s) has stand-alone value, there is no right of return on delivered element(s), and the Company is in control of the undelivered element(s). For arrangements that include service elements, including technical support and installation and also training, revenue is deferred until such services are deemed complete. Revenue from extended warranties is recognized ratably over the contract period of the extended warranty services. Final acceptance is required for revenue recognition when installation services are not considered perfunctory. Final acceptance indicates that the customer has fully accepted delivery and installation, if any, of equipment and the Company is entitled to full payment. The Company does not recognize revenue before final acceptance is granted by the customer if acceptance is considered substantive to the transaction. In connection with the restructuring of the telecommunication industry in China, the Ministry of Industry and Information Technology (“MIIT”) announced that personnel access system, or (“PAS”) services in China would be phased out by January 1, 2012. The Company still had $13.2 million of deferred revenue associated with unfulfilled contractual obligations for its historical PAS infrastructure contracts as of December 31, 2011. Such amounts were deferred at its VSOE of fair value according to the terms of the contracts. Upon the phasing out of the PAS services as required by the MIIT announcement, the Company took appropriate actions, such as communicating with its customers regarding the termination of such services, to legally release those obligations. Accordingly, approximately $8.1 million of the deferred revenue was released in 2012 upon the completion of the appropriate legal actions. The remaining balance of $5.1 million was included as part of the liabilities transferred to the buyer on the IPTV divestiture in August 2012. However, as some customers were not willing to assign their contracts to the buyer, the Company is still the primary obligor for those contracts that were not legally assigned to the buyer. Therefore, deferred revenue still included in the Company’s Consolidated Balance Sheet. See “Note 3-Divestitures”. Revenue from fixed price contracts that include a requirement for significant software modification or customization is recognized using the completed contract method of accounting whereby no revenue is recognized prior to the completion of the project because for contracts involving unique requirements, the Company is unable to make reasonably dependable estimates of progress towards meeting contractual requirements. In the event estimated total project costs exceed estimated total project revenues, the entire estimated loss is charged to operations in the period in which the loss becomes probable and can be reasonably estimated. The complexity of the estimation process and judgments about internal and external factors including labor utilization, changes to specifications and testing requirements, time required for performance and resulting incurrence of contract penalties, and the performance of subcontractors affect the estimation process. The Company recognizes gross revenue based on the amount billed to customers when all revenue recognition criteria have been met for transactions where the Company is a reseller. For these transactions the Company is responsible to fulfill the contracts’ obligations, and assumes both the general inventory risk as well as the credit risk. The assessment of collectability is also a factor in determining whether revenue should be recognized. The Company assesses collectability based on a number of factors, including payment history and the credit-worthiness of the customer. The Company does not request collateral from its customers. In international sales, the Company may require customers to provide letters of credit that can be drawn on demand if the customer defaults on its payment. If the Company determines that collection of a payment is not reasonably assured, the Company defers revenue recognition until collection becomes reasonably assured, which is generally upon receipt of cash. On August 31, 2012, the Company completed the divestiture of its IPTV business. As a result, the Company transferred all assets, liabilities and managerial duties to the buyer. The Company is still the primary obligor for certain contracts that some customers were not willing to assign to the buyer. Even though the Company signed back-to-back contracts to transfer all obligations and associated economic risks and benefits to the buyer, from the customer point of view, the Company is the sole obligor to their contracts. If the buyer fails to fulfill its obligations under the back-to-back contracts, the Company is still obligated to fulfill the obligations under the un-assigned contracts with the customers. Therefore, the Company was not able to derecognize the related liabilities of those un-assigned contracts. The Company continued to recognize revenue for those unassigned contracts when they met the revenue recognition criteria as discussed above. At the same time, the Company continued to recognize an equal amount of the deferred costs associated with those contracts. Therefore, there is no gross profit impact from the future revenue recognition of these unassigned contracts. The Company will derecognize both the liabilities and deferred costs when the related contracts are legally assigned subsequently. During the years ended December 31, 2016, 2015 and 2014, the Company recorded $0.3 million, $3.6 million and $4.3 million, respectively, in the Consolidated Statements of Operations and Comprehensive Loss due to meeting the revenue recognition criteria. As of December 31, 2016, the Company still had both liabilities and deferred costs of $10.2 million related to those un-assigned contracts. See “Note 3-Divestitures”. Because of the nature of doing business in China and other emerging markets, the Company’s billings and/or customer payments may not correlate with the contractual payment terms. The Company generally does not enforce contractual payment terms prior to final acceptance. Accordingly, accounts receivable is not recorded until the Company recognizes the related customer revenue. Advances from customers are recognized when the Company has collected cash from the customer, prior to recognizing revenue. Deferred revenue is recorded if there are delivered elements before final acceptance has been obtained. The Company had current deferred revenue of $10.8 million and $17.0 million, and long-term deferred revenue of $3.8 million and $8.6 million at December 31, 2016 and 2015, respectively. Costs related to deferred revenue are also deferred until revenue is recognized. See “Deferred Costs” below. Product Warranty: The Company provides a warranty on its equipment and terminal sales for periods generally ranging from one to two years from the time of final acceptance. At times, the Company has entered into arrangements to provide limited warranty services for periods longer than two years. The Company provides for the expected cost of product warranties at the time that revenue is recognized based on an assessment of past warranty experience and when specific circumstances dictate. The Company assesses the adequacy of its recorded warranty liability every quarter and makes adjustments to the liabilities if necessary. Specific warranty accruals are reversed upon the expiration of the warranty period and are recorded as reduction of cost of sales. Warranty accrual reversals were $0.1 million, nil, and $0.1 million in 2016, 2015 and 2014 respectively. From time to time, the Company may be subject to additional costs related to non-standard warranty claims from its customers. If and when this occurs, the Company estimates additional accruals based on historical experience, communication with its customers and various assumptions that the Company believes to be reasonable under the circumstances. Such additional warranty accruals are recorded in the period in which the additional costs are identified. Receivables: Although the Company evaluates customer credit worthiness prior to a sale, the Company provides an allowance for doubtful accounts for the estimated loss on trade when collection may no longer be reasonably assured. The Company assesses collectability of receivables based on a number of factors including analysis of creditworthiness, the Company’s historical collection history and current economic conditions, its ability to collect payment and on the length of time an individual receivable balance is outstanding. The Company’s policy for determining the allowance for doubtful accounts includes both specific allowances for balances known to be doubtful of recovery and a formula-based portfolio approach, based on aging of the accounts receivable, as a part of management’s review of the overall allowance for doubtful accounts. This formula-based approach involves aging of the Company’s accounts receivable and applying a percentage based on the Company’s historical experience. The Company evaluates the percentages applied to each category of aged accounts receivable periodically based on actual history of write-offs and collections and refines this formula-based approach accordingly for use in future periods. Receivable balances are written-off when the Company has sufficient evidence to prove that they are uncollectible. Inventories: Inventories consist of product held at the Company’s manufacturing facility and warehouses, as well as finished goods at customer sites for which the customer has taken possession, but based on specific contractual terms, title has not yet passed to the customer. The Company may ship inventory to existing customers that require additional equipment to expand their existing networks prior to the signing of an expansion contract. Inventories are stated at the lower of cost or market value, based on the FIFO method of accounting. Write-downs are based on the assumptions about future market conditions and customer demand, including projected changes in average selling prices resulting from competitive pricing pressures. The Company continually monitors inventory valuation for potential losses and obsolete inventory at its manufacturing facilities as well as at customer sites. If actual market conditions are less favorable than those projected by management, additional write-downs may be required. If actual market conditions are more favorable than anticipated, the previously written down inventory may be sold to customers and result in lower cost of sales and higher income from operations than expected in that period. Deferred Costs: Deferred costs consist of products shipped to the customer, but revenue has not yet been recognized due to revenue recognition criteria not fully met. Given that there is uncertainty about customer acceptance until the customer completes its internal testing and procedures, we wait until the issuance of the final acceptance certificate to support its assertion of contract fulfillments. Management periodically assesses the recoverability of deferred costs and provides reserves against deferred cost balances when recovery of deferred costs is not probable. Recoverability is evaluated based on various factors including the length of time the product has been held at the customer site, the likelihood of collection, or it is determined that a related transaction will result in a gross margin loss. When a loss situation is identified, the deferred cost balance is impaired to equal to the value of the excess of cost over the amount of revenue that will be ultimately recognized for the transaction. Revenue and cost of sales are recorded when final acceptance is received from the customer. Property, Plant and Equipment: Property, plant and equipment are recorded at cost and are stated net of accumulated depreciation. Depreciation is provided for on a straight-line basis over the estimated useful lives of the related assets. Leasehold improvements are amortized on a straight-line basis over the shorter of the estimated useful lives or the term of the lease. When assets are disposed, the cost and related accumulated depreciation are removed from the accounts and the resulting gains or losses are included in results of operations. The Company generally depreciates its property, plant and equipment over the following periods: Years Equipment and furniture 5 Computers and software 2 - 3 Automobiles 5 Leasehold improvements Lesser of the term of the lease or the estimated useful life Depreciation expense was $1.2 million, $2.3 million, and $2.9 million, for the years ended December 31, 2016, 2015 and 2014, respectively. Other-than-Temporary Impairment on Investment: The Company reviews its investments for other-than-temporary impairment whenever events or changes in business circumstances indicate that the carrying value of the investment may not be fully recoverable. Investments identified as having an indication of impairment are subject to further analysis to determine if the impairment is other-than-temporary and this analysis requires an estimation of the fair value of the investment. In making this determination, the Company reviews several factors to determine whether the losses are other-than-temporary, including but not limited to: (i) the length of time the investment was in an unrealized loss position, (ii) the extent to which fair value was less than cost, (iii) the financial condition and near term prospects of the issuer, and (iv) the Company’s intent and ability to hold the investment for a period of time sufficient to allow for any anticipated recovery in fair value. The determination of fair value of the investment involves considering factors such as current economic and market conditions, the operating performance of the companies including current earnings trends and forecasted cash flows, and other company and industry specific information. Investment impairments recorded as other-than-temporary were $5.3 million, $16.3 million (restated), and $3.9 million, for the years ended December 31, 2016, 2015 and 2014, respectively. Impairment of Long-Lived Assets: Long-lived assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. If undiscounted expected future cash flows are less than the carrying value of the assets, an impairment loss is recognized based on the excess of the carrying amount over the fair value of the assets. Long-lived assets that are to be disposed of by sale are measured at the lower of book value or fair value less cost to sell. Advances: Advances from customers represent cash received from customers before revenue recognition for the purchase of the Company’s products. Advertising Costs: The Company expenses all advertising costs as incurred. Payment to customers for marketing development costs are accounted for as incurred as a reduction of the revenue associated with customers. For the years ended December 31, 2016, 2015 and 2014, advertising costs totaled $0.1 million, $0.1 million, and $0.1 million, respectively. Operating Leases: The Company leases office space under operating lease agreements with an initial lease terms up to five years. Rental expense is recognized from the date of initial possession of the leased property on a straight-line basis over the term of the lease. Stock-Based Compensation: Stock-based compensation expense for all share-based payment awards granted to employees is determined based on the grant-date fair value. Stock-based compensation expense for restricted stock awards is measured based on the closing fair market value of the Company’s ordinary shares on the date of grant. Stock-based compensation expense for stock options is estimated at the grant date based on each option’s fair value as calculated by the Black-Scholes model. Stock-based compensation is expensed ratably on a straight-line basis over the requisite service period, which is generally the vesting term of the share-based payment awards. The performance-based restricted stock units are subject to the attainment of goals determined by the Compensation Committee of the Company’s Board of Directors. The Company records the relevant stock-based compensation for the performance-based restricted stock units based on the probability of meeting the performance conditions. Accumulated Other Comprehensive Income (“AOCI”): Accumulated Other Comprehensive Income mainly consisted of foreign currency translation adjustments and the unrealized gain or loss from available-for-sale investments. The changes in AOCI, including the amounts reclassified to income, were as follows: Foreign currency (in thousands) Balance at December 31, 2014 $ Loss recorded in other comprehensive loss ) Unrealized loss from available-for-sale investments ) Balance at December 31, 2015 $ Gain recorded in other comprehensive income Gain reclassified from AOCI to income ) Balance at December 31, 2016 $ As of December 31, 2015, no accumulated other comprehensive income or loss is attributable to non-controlling interests. The Company reclassifies foreign currency translation adjustments from AOCI to income upon sale or upon complete or substantially complete liquidation of investments in foreign entities, when the amounts attributable to the entities and accumulated in the translation adjustment component of equity is both: (a) removed from the separate component of equity; and (b) reported as part of the gain or loss on sale or liquidation of the investment for the period during which the sale or liquidation occurs. During fiscal 2014, the Company recognized and reclassified $0.1 million to net loss from the cumulative translation adjustment previously recorded in accumulated other comprehensive income upon the liquidation of three Chinese entities. During fiscal 2016, the Company recognized and reclassified $0.1 million to net income from cumulative translation adjustment previously recorded in accumulated to other comprehensive income upon the liquidation of two entities. The prior cumulative translation adjustment primarily resulted from the difference between local functional currency and the Company’s reporting currency. On October 4, 2014, one of the Company’s cost method investees, Cortina, was acquired by Inphi Corporation, “Inphi”, a public company listed on the New York Stock Exchange. Upon the Merger agreement between Inphi and Cortina, and after evaluating the total consideration amount of this acquisition and the Company’s interest holding as of September 30, 2014, the Company recorded a $1.5 million realized investment disposal loss in the third quarter of 2014. In exchange for the 1% interest in Cortina, the Company received 124,395 shares of Inphi on November 14, 2014. Management assessed the shares and classified them as available-for-sale securities subject to fair value accounting. As of December 31, 2014, the fair value of the shares was $2.3 million which resulted in an unrealized gain of $0.5 million which was recorded in Other Comprehensive Loss in the year ended. In February of 2015, the Company sold the 124,395 shares of Inphi stock for a total cash consideration of $2.4 million, which resulted in a realized gain of $0.6 million in Other Income. In 2015, the Company also received $1.0 million in cash proceeds in connection with the sale of assets that had a $0 net carrying value which resulted in a realized gain in Other Income. In the second quarter of 2015, the Company also received $0.7 million in cash proceeds in connection with the sale of assets that had a $0 net carrying value, resulting in a realized gain in Other Income. In the fourth quarter of 2015, another $0.3 million was released from escrow deposited by Inphi during the transaction and the Company recorded as a realized gain in Other Income. In the second quarter of 2016, the Company received another $0.1 million was released from escrow deposited by Inphi during the transaction and the Company recorded as a realized gain in Other Income. As of December 31, 2014, the Company held a $20.2 million Convertible Bond of UTStarcom Hong Kong Holdings Ltd. issued to the Company which included $0.2 million of unrealized gain, which was recognized in AOCI. The Convertible Bond was classified as available-for-sale debt securities subject to fair value accounting. On April 7, 2015, the Company entered an agreement with UTStarcom Hong Kong Holdings Ltd., for the conversion of the $20.0 million convertible bond. Pursuant to the agreement, UTStarcom Hong Kong Holdings Ltd. paid $10.0 million in cash to the Company as partial payment of the principal of the $20.0 million convertible bond. The remaining part of the principal and the interest of the convertible bond were converted to 14% of equity interest of UTStarcom Hong Kong Holdings Ltd. Therefore, the Company began accounting for this private equity investment on the cost method, and reversed $0.2 million unrealized gain. See “Note 3-Divestitures” Income Taxes: The Company is subject to income taxes in both the United States and numerous foreign jurisdictions. Significant judgment is required in evaluating the Company’s tax positions and determining its provision for income taxes. During the ordinary course of business, there are many transactions and calculations for which the ultimate tax determination is uncertain. The Company recognizes the tax benefit (expense) from an uncertain tax position only if it is more likely than not the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The Company recognizes interest expense and penalties related to income tax matters as part of the provision for income taxes. The Company recognizes deferred income taxes as the difference between the tax bases of assets and liabilities and their consolidated financial statement amounts based on enacted tax rates. Management judgment is required in the assessment of the recoverability of the Company’s deferred tax assets based on its assessment of projected taxable income. Numerous factors could affect the Company’s results of operations in the future. If there was a significant decline in the Company’s future operating results, its assessment of the recoverability of its deferred tax assets would need to be revised, and any such adjustment to its deferred tax assets would be charged to income in that period. If necessary, the Company records a valuation allowance to reduce deferred tax assets to an amount management believes is more likely than not to be realized. Changes in estimates of taxable income in the future could result in reversal of the valuation allowances which would be credited to income in the year of reversal. The Company provides U.S. taxes on foreign undistributed earnings that are not considered to be permanently reinvested outside the United States. In November 2015, the FASB issued ASU 2015-17, to simplify the presentation of deferred income taxes, which requires that deferred tax liabilities and assets be classified as noncurrent in a classified statement of financial position. The amendments in this Update apply to all entities that present a classified statement of financial position. The current requirement that deferred tax liabilities and assets of a tax-paying component of an entity be offset and presented as a single amount is not affected by the amendments in this Update and within a particular tax jurisdiction. The Company has elected to adopt ASU 2015-17 prospectively in the fourth quarter of 2016. As a result, the Company has presented all deferred tax assets and liabilities as non-current on the Company’s consolidated balance sheet as of December 31, 2016. There was no impact on the Company’s results of operations as a result of the adoption of ASU 2015-17. Financial Instruments: Financial instruments consist of cash and cash equivalents, short and long-term investments, notes receivable, accounts receivable and payable and accrued liabilities. The carrying amounts of cash and cash equivalents, bank notes, accounts receivable and payable, notes receivable, and accrued liabilities approximate their fair values because of the short-term nature of those instruments. The fair value of long term investments in debt and equity securities is determined based on quoted market prices or available information about investees. Foreign Currency Translation: The Company’s operations are conducted through international subsidiaries where the local currency is the functional currency and the financial statements of those subsidiaries are translated from their respective functional currencies into U.S. Dollars which is the functional currency of the Company. All foreign currency assets and liabilities are translated at the period-end exchange rate and all revenues

DIVESTITURES

DIVESTITURES	12 Months Ended
	Dec. 31, 2016
DIVESTITURES
DIVESTITURES	NOTE 3-DIVESTITURES During the year ended December 31, 2012, the Company completed its divestiture of the IPTV equipment business. IPTV operations On August 31, 2012, the Company completed a sale of its IPTV business to an entity founded by our former CEO (the Buyer”), for an aggregate purchase price of $30.0 million related to the net liabilities transferred. The Company are still the primary obligor for certain contracts that some customers were not willing to assign to the Buyer. Even though the Company signed back-to-back contracts to transfer all obligations and associated economic risks and benefits to the Buyer, from the customer point of view, the Company is still the sole and only obligor to their contracts. If the Buyer fails to fulfill its obligations with respect to these un-assigned contracts with the Company, the Company is still obligated to fulfill its obligations under the un-assigned contracts. Therefore, the Company did not derecognize the related liabilities of those un-assigned contracts. According to the back-to-back contracts with the Buyer, all of the obligations and associated economic risks and benefits of the un-assigned customer contracts were transferred to the Buyer. Therefore, the Company recorded the portion of the payment made to the Buyer at the time of the divestiture as service cost payment to fulfill the remaining liabilities related to those un-assigned contracts. As of August 31, 2012, the Company had both liabilities and assets of $47.3 million related to those un-assigned contracts. The following is a summary of the assets and liabilities related to the un-assigned customer contracts as of August 31, 2012 (in millions): Million Deferred revenues $ Customer advances Total liabilities associated with the un-assigned IPTV contracts $ Deferred contract costs Deferred contract service costs to Buyer Total assets associated with the un-assigned IPTV contracts $ The Company continues to recognize revenue for those un-assigned contracts when the revenue recognition criteria as mentioned above are met. At the same time, the Company recognizes an equal amount of the deferred costs associated with those contracts. Therefore, there is no gross margin impact from the future revenue recognition of these un-assigned contracts. The Company continues to derecognize both the liabilities and deferred costs when the related contracts are legally assigned subsequently. During the years ended December 31,2016, 2015 and 2014, the Company recorded $0.3 million, $3.6 million, and $4.3 million, respectively, in revenues and related costs in the Consolidated Statements of Operations and Comprehensive Loss due to meeting the revenue recognition criteria. As of December 31, 2016, the Company had both liabilities and deferred costs of $10.2 million, respectively, related to these remaining un-assigned contracts. On August 31, 2012, UTStarcom Hong Kong Holdings Ltd., a subsidiary prior to its disposal to the buyer as part of the sale of the IPTV business, issued a convertible bond (the “Convertible Bond”) to UTStarcom Hong Kong Ltd., a subsidiary of the Company, in the principal amount of $20.0 million. According to the terms of the Convertible Bond, the Convertible Bond bears interest at 6.5% per annum and were mature on August 31, 2017 (the “Maturity Date”). On or prior to the Maturity Date, upon UTStarcom Hong Kong Holdings Ltd achieving breakeven on its statement of operations (the “P&L run-rate breakeven”), $5.0 million of principal of the Convertible Bond was to be converted into 8% of the outstanding shares of UTStarcom Hong Kong Holding Ltd. At the Maturity Date, the Company has the option to convert the outstanding principal amount of the Convertible Bond and all accrued and unpaid interest into fully paid and nonassessable ordinary shares of UTStarcom Hong Kong Holding Ltd. equal to 25% (if 8% of shares specified above have been issued), 33% of the outstanding shares of UTStarcom Hong Kong Holding Ltd or to receive repayment in cash. On April 7, 2015, the Company entered an agreement with UTStarcom Hong Kong Holdings Ltd., which is an unaffiliated entity of the Company, for the early repayment and conversion of the $20.0 million Convertible Bond. The agreement was effective on April 7, 2015. Pursuant to the agreement, UTStarcom Hong Kong Holdings Ltd. paid $10.0 million in cash to the Company as partial payment of the principal of the Convertible Bond. The remaining principal and the interest of the Convertible Bond were converted to 14% equity interest of UTStarcom Hong Kong Holdings Ltd. See Note 6-Cash, Cash Equivalents and Investments.

COMPREHENSIVE LOSS

COMPREHENSIVE LOSS	12 Months Ended
	Dec. 31, 2016
COMPREHENSIVE LOSS
COMPREHENSIVE LOSS	NOTE 4-COMPREHENSIVE LOSS Total Comprehensive Loss for the years ended December 31, 2016, 2015 and 2014 consisted of the following: Years ended December 31, 2016 2015 2014 (Restated) (in thousands) Net income (loss) $ $ ) $ ) Other comprehensive loss Unrealized gain (loss) from available-for-sale investments — ) Net Change in Foreign currency translation ) ) Total comprehensive income (loss) ) ) Comprehensive loss attributable to non-controlling interests (1) — — Comprehensive income (loss) attributable to UTStarcom Holdings Corp $ $ ) $ ) (1) Comprehensive loss attributable to non-controlling interests consisted solely of net loss.

BALANCE SHEET DETAILS

BALANCE SHEET DETAILS	12 Months Ended
	Dec. 31, 2016
BALANCE SHEET DETAILS
BALANCE SHEET DETAILS	NOTE 5-BALANCE SHEET DETAILS The following tables provide details of selected balance sheet items: December 31, December 31, (in thousands) Inventories: Raw materials $ $ Work in process Finished goods (1) Total Inventory $ $ (1) Includes finished goods at customer sites of approximately $14.5 million and $8.3 million at December 31, 2016 and 2015, respectively, for which the customer has taken possession, but based on specific contractual terms, title has not yet passed to the customer and for which revenue has not yet been recognized. December 31, December 31, (in thousands) Prepaid and other current assets Prepaid tax $ $ Advance to suppliers Deferred taxes-current — Other receivable (1) Prepaid others Total Prepaid and other current assets $ $ (1) The other receivable balance includes loans to UiTV of approximately $2.3 million as of December 31, 2015. The Company paid $1.08 million in July and August of 2014, paid $1.17 million in January and February of 2015. UiTV used this amount to purchase Set Top Boxes for the Internet television service in Thailand. Pursuant to the contract, UiTV repays in installments, starting from January of 2015 to July of 2018.The Company performed an assessment on the need for a valuation reserve due to collectability risk and $2.3 million was reserved as of December 31, 2015. In 2016, there was no such item included in the other receivable balance. December 31, December 31, (in thousands) Property, plant and equipment, net: Leasehold improvements $ $ Automobiles Software Computer, Equipment and Furniture Other Total Less: accumulated depreciation ) ) Total Property, plant and equipment, net $ $ During the years ended December 31, 2016, 2015 and 2014, the Company wrote off $19.6 million with accumulated depreciation of $19.6 million, $2.8 million with accumulated depreciation of $2.8 million, and $7.3 million with accumulated depreciation of $7.3 million of fully depreciated property, plant and equipment, respectively. In 2015, there was $0.1 million of improvements of lease related to the early termination of a lease of the Hangzhou facility. December 31, December 31, (in thousands) Other current liabilities: Accrued contract costs (1) $ $ Accrued payroll and compensation Warranty costs Accrued professional fees Accrued other taxes Other Total other current liabilities $ $ (1) The accrued contract costs include $2.9 million cost related to India equipment contract as of December 31, 2016. December 31, December 31, (in thousands) Other long-term liabilities Non-current income tax payable $ $ Other Total other long-term liabilities $ $

CASH, CASH EQUIVALENTS AND SHOR

CASH, CASH EQUIVALENTS AND SHORT AND LONG TERM INVESTMENTS	12 Months Ended
	Dec. 31, 2016
CASH, CASH EQUIVALENTS AND SHORT AND LONG TERM INVESTMENTS
CASH, CASH EQUIVALENTS AND SHORT AND LONG TERM INVESTMENTS	NOTE 6-CASH, CASH EQUIVALENTS AND SHORT AND LONG TERM INVESTMENTS Cash and cash equivalents, consisting primarily of bank deposits and money market funds, are recorded at cost which approximates fair value because of the short-term nature of these instruments. Short-term investments consist of available-for-sale securities. The Company hold $0.5 million available-for-sale securities (“AFS”) in SBI NEO Technology (“SBI”) on December 31, 2016. The Company recognizes an impairment charge when a decline in the fair value of its investments below the cost basis is judged to be other-than-temporary. In making this determination, the Company reviews several factors to determine whether the losses are other-than-temporary, including but not limited to: (i) the length of time the investment was in an unrealized loss position, (ii) the extent to which fair value was less than cost, (iii) the financial condition and near term prospects of the issuer, and (iv) the Company’s intent and ability to hold the investment for a period of time sufficient to allow for any anticipated recovery in fair value. At December 31, 2016 and 2015, the Company had investments in convertible bonds and redeemable convertible preferred stock that were classified as available-for-sale securities and are subject to fair value accounting. Investments in debt securities classified as available for sale will be measured subsequently at fair value on the balance sheets. An impairment charge will be recognized by the Company when a decline in the fair value below the cost basis is judged to be other-than-temporary. The following table shows the break-down of the Company’s total investments as of December 31, 2016 and December 31, 2015: Accounting December 31, December 31, (Restated) (in thousands) Cortina Cost Method $ — $ — GCT Semiconductor, Inc. Cost Method — Xalted Networks Cost Method — — UTStarcom Hong Kong Holdings Ltd Cost Method SBI Cost Method — Total Investments using Cost Method ACELAND Equity Method UiTV Equity Method — — Shareholder Loan to ACELAND Equity Method — Total Investments using Equity Method AioTV AFS SBI AFS — Total Investments Classified as AFS Total Investment $ $ Less :Short-term investment SBI AFS — Short-term Investment $ $ — Long-term Investment $ $ Cortina In September 2004, the Company invested $2.0 million in Series A preferred stock of ImmenStar, Inc., or “ImmenStar”. ImmenStar was a development stage company that designed a chip that was used in the Company’s product. This investment was accounted for under the cost method. In February 2007, ImmenStar was acquired by Cortina Systems, Inc., or “Cortina”. In exchange for the Company’s investment in ImmenStar, the Company received 3.6 million shares of Series D Preferred Convertible Stock of Cortina at $0.837 per share, $1.8 million cash in March 2007 and received an additional 0.4 million shares of Series D Preferred Convertible Stock at $0.837 per share and $0.2 million cash from escrow during 2008. On October 30, 2014, Cortina was acquired by Inphi Corporation, or “Inphi”, a public company listed on the New York Stock Exchange. Upon the Merger agreement between Inphi and Cortina, and in evaluating the total consideration amount of this acquisition and the Company’s interest holding as of September 30, 2014, the Company recorded $1.5 million realized investment disposal loss in the third quarter of 2014. In exchange for the 1% interest in Cortina, the Company received 124,395 shares of Inphi on November 14, 2014. Management assessed the shares and classified them as available-for-sale securities and subject to fair value accounting. As of December 31, 2014, the fair value of the shares was $2.3 million, which resulted in an unrealized gain of $0.5 million in Other Comprehensive Income. In the first quarter of 2015, the Company sold the 124,395 shares of Inphi stock for total cash consideration of $2.4 million, which resulted in a realized gain of $0.6 million in Other Income. In the second quarter of 2015, the Company also received $0.7 million in cash proceeds in connection with the sale of assets that had a $0 net carrying value, resulting in a realized gain in Other Income. In the fourth quarter of 2015, another $0.3 million was released from escrow deposited by Inphi during the transaction and the Company recorded as a realized gain in Other Income. In the second quarter of 2016, another $0.1 million was released from escrow deposited by Inphi during the transaction and the Company recorded as a realized gain in Other Income. GCT Semiconductor In October 2004, the Company invested $3.0 million in Series D preferred convertible stock of GCT Semiconductor, Inc., or “GCT,” which designs, develops and markets integrated circuit products for the wireless communications industry. This investment represents an approximately 0.4% interest in GCT as of December 31, 2016, and is accounted for under the cost method. In the fourth quarter of 2012, the Company reassessed the fair value of its investment in GCT (level 2 within the fair value hierarchy) based on reviewing GCT’s operational performance, cash position, financing needs and the stock price of latest private equity financing obtained by GCT, and as a result recorded a $2.2 million charge in impairment of long-lived assets and long term investments, net due to an other-than-temporary decline in the fair value of GCT. During 2016, the Company assessed the fair value of GCT and recorded $0.8 million impairment charge, reducing the book value of the investment to zero as of December 31, 2016. Xalted Networks, or Xalted In May and August 2005, the Company invested $2.0 million and $1.0 million, respectively, in Xalted. In March 2006, the Company invested an additional $0.3 million in Xalted. Xalted is a development stage company providing telecommunication operator customers with comprehensive set of network systems, software solutions and service offerings. The Company had less than 10% ownership interest at December 31, 2015 and 2014, on a fully diluted basis, in Xalted and accounts for the investment using the cost method. During the third quarter of 2009, management re-evaluated the carrying value of this investment, and as a result, the Company determined that the decline in Xalted’s fair value was other-than-temporary and recorded a $1.7 million impairment charge in the third quarter of 2009. In the second quarter of 2011, Xalted completed a share exchange agreement with Kranem Corporation, or “Kranem”, a public company listed on the Over the Counter Bulletin Board. This transaction was recorded as a reverse recapitalization. As a result of this transaction, Xalted became a holding company which did not have any operations other than owning 35% of the issued and outstanding shares of Kranem. In the fourth quarter of 2011 and the third quarter of 2012, the Company reassessed the fair value of its investment in Xalted (level 2 within the fair value hierarchy) based on the share price of Kranem, and as a result recorded a $0.5 million impairment charge in other income (expense) in 2011 and a $0.8 million impairment charge in impairment of long-lived assets and long term investments in 2012, due to an other-than-temporary decline in the fair value of Xalted. During 2013, the Company recorded $0.3 million in investment impairment charges based on the fair value assessment for Xalted (level 2 within the fair value hierarchy) based on the share price of Kranem. During 2014, Kranem filed for Chapter 11 protection with the U.S. Bankruptcy Court. Because of this, the Company recorded $0.02 million in investment impairment charges. As of December 31, 2014, the investment in Xalted has been fully written off. UTStarcom Hong Kong Holdings Ltd., UTStarcom Hong Kong Holdings Ltd., previously a subsidiary prior to its disposal to the buyer as part of the sale of the IPTV business, is an entity owned by the former CEO of the Company, and is not a subsidiary of the Company. On August 31, 2012, the Company completed a sale of its IPTV business to UTStarcom Hong Kong Holdings Ltd. together with a payment of $30.0 million. In 2012, the Company recorded a net loss of $17.5 million as a result of this transaction. On the same day, UTStarcom Hong Kong Holdings Ltd., issued a convertible bond (the “Convertible Bond”) to UTStarcom Hong Kong Ltd., a subsidiary of the Company, in the principal amount of $20.0 million. According to the terms of the Convertible Bond, the Convertible Bond bears interest at 6.5% per annum and will mature on August 30, 2017 (the Maturity Date). On or prior to the Maturity Date, if UTStarcom Hong Kong Holdings Ltd. achieves operating income break-even, $5.0 million of principal of the Convertible Bond will be converted automatically into 8% of the outstanding shares of UTStarcom Hong Kong Holdings Ltd. At the Maturity Date, the Company may convert the outstanding principal amount of the Convertible Bond and all accrued and unpaid interest into fully paid and nonassessable ordinary shares of UTStarcom Hong Kong Holdings Ltd. equal to 25% (if 8% of shares specified above are issued), 33% of the outstanding shares of UTStarcom Hong Kong Holdings Ltd. or may elect repayment in cash. The Convertible Bond was classified as available-for-sale securities subject to fair value accounting. On April 7, 2015, the Company entered an agreement with UTStarcom Hong Kong Holdings Ltd., for the conversion of the $20.0 million convertible bond. Pursuant to the agreement, UTStarcom Hong Kong Holdings Ltd. paid $10.0 million in cash to the Company as partial payment of the principal of the $20.0 million convertible bond. The remaining part of the principal and the interest of the convertible bond were converted to 14% of equity interest of UTStarcom Hong Kong Holdings Ltd. The Company accounted for this private equity investment on the cost method. During the 2016 year-end financial statement close process, the Company identified an impairment on investment of UTStarcom Hong Kong Holdings Ltd., which existed as at December 31, 2015, which increased the investment impairment and reduced the net book value of Long-term investments by $6.5 million (restated). As of December 31, 2016 and 2015, the book value of this investment was $3.5 million and $3.5 million, respectively. The previous valuation of UTStarcom Hong Kong Holdings Ltd. was based on future revenue projections. Subsequent analysis of the actual revenue in 2016 and revenue up to the third quarter of 2017 indicated that the previous revenue projections were significantly overstated and would not be a reasonable methodology to determine the fair value of this entity. Valuation based on the audited net asset value was deemed to be a more reliable approach and was adopted in both 2016 and 2015 which resulted in an impairment charge of $6.5 million as of December 31, 2015. SBI NEO Technology A Investment LPS, or SBI In 2008, the Company invested $0.5 million into SBI in exchange for approximately 2% of the Partnership interest. The Partnership’s investment objective is to invest in unlisted or listed companies in Japan and overseas that are engaged in high growth businesses, including businesses focused on information technology and the environment. In 2012, 2011 and 2010, the Company contributed an additional $0.6 million, $0.7 million and $0.7 million into SBI, respectively, and maintained a partnership interest of approximately 2% as of December 31, 2016 and 2015. The Company has concluded that it does not have a controlling interest in SBI as it does not have the power to direct the activities of SBI that most significantly impact the entity’s economic performance nor does it have significant influence over SBI. Affiliates of a related party have a controlling interest in SBI. See “Note 16-Related Party Transactions.” The Company accounts for the investment in SBI using the cost method. In the fourth quarter of 2014, the Company received $0.1 million from SBI, partially reducing the SBI investment as of December 31, 2014.In the second and fourth quarter of 2015, the Company received $0.26 million partially reducing the SBI Investment as of December 31, 2015. In the second and fourth quarter of 2016, the Company received $0.1 million and $0.6 million, respectively, partially reducing the SBI investment. Subsequent to the fourth quarter, the final refund of $0.5 million was received in January2017. During 2016, the Company recorded $0.2 million impairment for this investment. Also, as of December 31, 2016, the $0.5 million investment was reclassified as short-term investment. Aceland Investment Limited In December 2010, the Company invested $2.1 million into Aceland Investment Limited (“Aceland”). Aceland is a joint venture entity with ZTE H.K. Limited. The entity’s investment objective is to participate in the investment in Wireless City Planning (“WCP”) operated by Softbank to develop eXtended Global Platform (“XGP”). business. Pursuant to the investment agreement, in the second quarter of 2011, the Company extended a shareholder loan to Aceland in the amount of $7.1 million which could be used by Aceland to subscribe for Class B Wireless City Planning shares with a maturity date of Dec 31, 2015. The shareholder loan was made by all shareholders of Aceland in proportion to their equity interests in Aceland. Based on the terms of the loan which make repayment contingent on certain events, the Company accounted for it as an equity investment. The Company owned an approximately 35% interest in Aceland at December 31, 2016 and accounts for the investment in Aceland using the equity method. Aceland is a holding company and its sole investment is the 5.82 % interest of WCP. On March 24, 2016, WCP made the repayment to Aceland for the matured investment and shareholder loan in the amount of $23.5 million. The allocation for the Company is estimated to be $8.2 million. As a result, the Company recorded a $1.0 million impairment charge to the Aceland investment in the year ended December 31, 2015. In the fourth quarter of 2016, $6.7 million cash was received partially reducing the Aceland investment. During the year of 2016, the Company picked up $1.0 million gain from realized foreign exchange in Aceland. As of December 31, 2016, the book value of the investment was $2.6 million. AioTV Inc. In November 2012, the Company invested $8 million in Series B Preferred Stocks of AioTV Inc, or “AioTV”, at $0.320937 per share. AioTV stands for “all-in-one TV” and is an international cloud-based video aggregation and distribution platform. The investment objective is to give the Company access to technology that will support its rollout of subscription-based, value- added media services. The Company owned a 44% equity interest in AioTV as of December 31, 2016. The preferred stock has been classified as available- for-sale securities as it is not considered to be in-substance common stock due to their redemption feature and is thus subject to fair value accounting. AioTV currently cooperates with consumer electronics makers, cable and telecommunications service providers in North America, South America and Europe. To estimate its fair value, the Company used the option-pricing method and Ross and Rubinstein Binomial Model (“Binomial-Model”), which is based on the fair value of invested capital evaluated by an income approach. The significant inputs for the valuation model included the following: Year Ended Year Ended December 31, December 31, 2016 2015 Total fair value of invested Capital as at valuation date (in thousands) Risk free rate of interest % % Dividend yield % % Expiration date 2017/11/14 2017/11/14 Volatility % % The fair value of the invested capital has been determined using income approach including a discounted cash flow model and unobservable inputs including assumptions of projected revenue, expenses, capital spending, other costs and a discount rate of 50% and 35% by using the weighted average cost of capital method in 2016 and 2015, respectively. Risk free rate of interest adopted for the valuation were estimated based on the US Sovereign Strips Curve plus default risk spread between US and China. Dividend yield was assumed to be 0% considering that AioTV plans to retain profit for corporate expansion and hence have no plan to distribute dividends in the near future. Expiration date is the expected date of illiquidity event estimated by management. The expected equity volatility was estimated based on the annualized standard deviation of the daily stock price return of comparable companies for the period before the valuation date and with a similar time span as to expiration. Based on the above assessment of the preferred stock, the Company concluded the fair value is less than the book value of the preferred stock as of December 31, 2016, which will not recover in foreseeable future, thus in the year ended December 31, 2016, the Company recorded $4.3 million in impairment charges in investment impairments. On December 7, 2015, the Company invested $0.5 million in a convertible bond of AioTV. The convertible bond bears interest at 10.0% per annum and matures on May 7, 2016 and subsequently extended to Mar 28,2017. The Company converted the bond to 2,269,856 common shares at the conversion price of $0.253790596 per share on May 30,2017. In the fourth quarter of 2016, the Company invested an additional $0.3 million in convertible bonds issued by AioTV. The convertible bond bears interest at 10% per annum and matures on October 6, 2017.The convertible bonds are classified as an AFS security and are subject to fair value accounting. During 2016, and in connection with the fair value analysis of the investment capital, the Company assessed the fair value of these convertible bonds, and concluded that there was no impairment. As of December 31, 2016, the carrying amount on the investment of AioTV was $1.7 million, including $0.9 million preferred shares and $0.8 million convertible bonds. On May 30, 2017, the Company converted all the existing 25,527,008 Series B Preferred Shares of AioTV into 25,527,008 common shares of AioTV at a conversion price of $0.320937 per share, and converted $576,068 of the principal amount and the accrued and unpaid interests of the $0.5 million convertible debenture issued on December 7, 2015 into 2,269,856 common shares of AioTV at a conversion price of $0.253790596 per share. On May 30, 2017, the Company signed a “Note Purchase Agreement” with AioTV. Pursuant to the “Note Purchase Agreement”, total commitment amount was $0.8 million, including $319,315 existing convertible bond issued on October 6, 2016 together with the accrued and unpaid interest into convertible promissory note, and promised to purchase one or more convertible promissory notes from time to time, in an aggregate principle amount equal to $480,685. In the second quarter and third quarter of 2017, the Company paid $0.1 million and $0.38 million to purchase the convertible promissory note, respectively. UiTV Media Inc. or UiTV On October 16, 2010, the Company invested in UiTV Media Inc. or “UiTV” (previously known as “iTV Media Inc.” or “iTV”, and “Stage Smart Limited”) by entering an Ordinary Shares Purchase Agreement with UiTV and Smart Frontier, the sole shareholder of UiTV, to purchase 5,100,000 ordinary shares (the “Purchase Shares”), which consisted of 51% of UiTV’s total shares which were held by Smart Frontier, for a total price of $10.0 million. The purchase price was paid by the Company’s ordinary shares, which would be repurchased by the Company according to the Ordinary Shares Purchase Agreement. Concurrent with entering into the Ordinary Shares Purchase Agreement, the Company also entered into a Series A Preference Shares Purchase Agreement to purchase from UiTV 9,600,000 Series A Preference Shares for aggregate cash consideration of $20.0 million. The Purchase Shares and the Series A Preference Shares together constitute 75% of the total shares of UiTV which gave the Company control over UiTV. The Company recorded this transaction as an acquisition of a business. The transactions closed on November 8, 2010. The Company issued 1,491,091 ordinary shares to Smart Frontier with a fair value of $9.8 million based on the market price of the Company’s ordinary share at November 8, 2010 for the purchase price of $10.0 million for the UiTV ordinary shares and made cash payments of $20.0 million to UiTV for the purchase of Series A Preference Shares. On April 15, 2012, the Share Exchange Agreement was entered into by the Company and the UiTV shareholders to exercise the repurchase right. The transaction was effective on June 4, 2012 and the transfer was completed on June 21, 2012. Upon the execution of the Share Exchange Agreement, 1,491,091 UTStarcom ordinary shares previously held by Smart Frontier were transferred back to the Company as treasury shares and the 5,100,000 ordinary shares of Stage Smart Limited previously held by UTStarcom were transferred back to Smart Frontier. After the repurchase, the Company decreased its ownership in UiTV from 75% to approximately 49% and reduced its representation on the UiTV board of directors from three to two out of a total of five board seats, which triggered deconsolidation of UiTV from its consolidated financial statements starting from June 21, 2012. Since the remaining Series A Preference Shares of UiTV invested by the Company did not qualify as the in-substance common stock due to their substantive liquidation preference, the Company uses the cost method to account for the investment the UiTV Series A preference shares after the deconsolidation. On December 3, 2012, UiTV issued a convertible bond to the Company for cash in the principal amount of $3.0 million which shall be convertible into the preference shares issued in a qualified financing, as defined in the convertible bond agreement, or additional Series A Preferred Stock, if a qualified financing is completed. The conversion price per share equals the lesser of 85% of the per share price paid by the other purchaser of preference shares sold in the qualified financing and the price per share of the Series A Preferred Stock paid by the Company. According to the terms of the convertible bond, the convertible bond bears interest at 6.5% per annum and matured on December 31, 2013 and subsequently the maturity date was extended to December 31, 2017. On January 2, 2013, UiTV issued another convertible bond to the Company for cash in the principal amount of $5.0 million with a maturity date of December 31, 2013, and subsequently extended the maturity date to December 31, 2015. The issuance of these additional convertible bonds triggered a reassessment of the Company’s accounting for its investment in the preference shares. Due to the additional convertible bond investment and the decreasing fair value of the ordinary shares of UiTV in relation to the total fair value of that company, it was determined the preference shares of UiTV Media owned by the Company now substantively participated in the risks and rewards of UiTV Media, irrespective of the liquidation preferences, and were considered as in-substance common stock. Therefore, the Company concluded the equity method criteria had been met and the equity accounting commenced in the first quarter of 2013. In the second quarter of 2013, the Company further invested in an additional $15.0 million convertible bond issued by UiTV Media with a maturity date of May 31, 2014. In the fourth quarter of 2013, the Company further invested in an additional $12.1 million convertible bond issued by UiTV Media of which $5.0 million was invested through cash with a maturity date of August 31, 2014 and $7.1 million through the conversion of outstanding receivables with a maturity date of December 31, 2015. No significant gain or loss was generated from the conversion of receivables to convertible bonds because it was converted at the book value of the receivables. As of December 31, 2016, the Company has invested $20.0 million preference shares and $35.1 million convertible bonds in UiTV Media. If converted, these investments represent approximately 73% of the equity of UiTV Media. Nevertheless, the Company does not have control over UiTV Media because the founder and CEO of UiTV Media retains the right to elect three of the five board members of UiTV Media unless the voting interests controlled by him falls below 10% of the total voting interests of UiTV Media. As the UiTV Media board of directors has the power to elect or dismiss officers, approve the budget, make strategic decisions and evaluate possible merger and acquisition opportunities of that company, the founder and CEO of UiTV Media controls that company. UiTV Media is considered as a Variable Interest Entity because it is thinly capitalized. Management has concluded the founder and CEO of UiTV Media was the primary beneficiary of UiTV Media for the year ended December 31, 2015, because he met the power criterion and loss/benefits criterion in accordance to ASC 81010-25. For the above reasons, the Company did not consolidate UiTV Media as for the year ended December 31, 2016 and 2015. Once the Company’s preferred stock investment in UiTV has been reduced to zero as a result of the Company’s share of 49% UiTV losses, the remaining UiTV losses will be fully applied against the Company’s convertible bond investment balance until the carrying value of the convertible bond investment balance is reduced to zero. As a result, the Company recorded a total of $5.3 million in losses for the preferred stock investment in 2014, to reflect the Company’s share of 49% UiTV losses. As of December 31, 2014, the remaining balance in the preferred stock is reduced to zero. After picking up 100% UiTV losses of $14.0 million and $3.6 million in 2015 and 2014, respectively, and taking $6.0 million, $2.4 million and $9.1 million of impairment charges in 2015, 2014 and 2013, respectively, the convertible bond investments balance at December 31, 2015 and 2014 was reduced to $nil and $20.0 million, respectively. As of December 31, 2015, the Company assessed the fair value of UiTV by reviewing its cash position, recent financing activities, financing needs, earnings/revenue outlook and operational performance. Because the estimated business value of UiTV was lower than the redemption amount of the convertible bonds, all of the value of UiTV should first be distributed to the holder of the convertible bonds and no residual value would be left to the preferred and common shareholders. Therefore, the fair value of convertible bonds was equal to the business enterprise value of UiTV and the fair value of the Series A Preferred Shares was nil. Based on the above assessment of the convertible bond, the Company concluded the fair value is less than the book value of the convertible bonds as of December 31, 2015, which are not expected to recover in the foreseeable future, thus in the year ended December 31, 2015, the Company recorded $6.0 million in impairment charges for the convertible bond. Therefore, the book value for UiTV as of December 31, 2015 is zero. The Company presents the below summarized financial information of the Company’s equity method investees, other than those whose financial statements have been separately presented. Condensed Condensed Condensed (In thousands) (In thousands) (In thousands) Operating data: Revenue $ — $ — $ — Gross profit $ — $ — $ — Income (loss) from operations $ $ ( 9) $ ) Net income (loss) $ $ ( 9) $ ) Net income (loss) attributable to Equity method investees $ $ ( 3) $ ) Year Ended Year Ended Year Ended (In thousands) (In thousands) (In thousands) Balance sheet data: Current assets $ $ $ Long-term assets $ $ $ Current liabilities $ ) $ ) $ ) Long-term liabilities $ — $ — $ — Non-controlling interests $ — $ — $ — Fair Value Measurements Pursuant to the accounting guidance for fair value measurements and its subsequent updates, fair value is defined as the price that would be received from selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. As such, fair value is a market-based measurement that should be determined based on assumptions that market participants would use in pricing an asset or liability. The accounting guidance also establishes a three-tier fair value hierarchy which requires the Company to use observable market data, when available, and to minimize the use of unobservable inputs when determining fair value. The fair value hierarchy prioritizes the inputs into three levels that may be used in measuring fair value as follows: Level 1-observable inputs such as quoted prices in active markets for identical assets or liabilities. Level 2-inputs other than the quoted prices in active markets for identical assets or liabilities that are observable either directly or indirectly. Level 3-unobservable inputs based on the Company’s assumptions. The Company’s financial instruments consist principally of cash and cash equivalents, short-term investments, restricted cash, accounts receivable, long-term investments, accounts payable and certain accrued expenses. Short-term investments consist of bank notes and available-for-sale securities with original maturities longer than three months and less than one year. As of December 31, 2016 and 2015, the respective carrying values of financial instruments except for long-term investments approximated their fair values based on their short-term maturities. As of December 31, 2016, the combined fair value of the entity’s long term investments in available-for-sale Level 3 convertible bond and redeemable securities was $4.8 million. The following is a summary of available-for-sale investment as of December 31,2016: Cost Cash Impairment Transfer-out Realized Estimated (in thousands) Security of a private company $ $ — $ — $ — $ — $ Convertible bonds of privately-held company — — — — Preferred convertible shares of privately-held company — ) — — Total available-for-sale investments $ $ — $ ) $ — $ — $ The following is a summary of available-for-sale investments as of December 31, 2015: Cost Cash Impairment Transfer-out Realized Estimated (in thousands) Security of a public company $ $ ) $ — $ — $ — $ — Convertible bonds of privately-held company ) ) ) ) Preferred convertible shares of privately-held company — ) — — Total available-for-sale investments $ $ ) $ ) $ ) $ ) $ Financial assets measured and recognized at fair value on a recurring basis and classified under the appropriate level of the fair value hierarchy as described above were as follows: Level 1 Level 2 Level 3 Total (in thousands) As of December 31, 2015 Short-term investments $ — $ — $ — $ — Long-term investments — — As of December 31, 2016 Short-term investments — — Long-term investments $ — $ — $ $ The following is the changes in financial assets using unobservable inputs (Level 3) for the years ended December 31, 2016, 2015 and 2014. Amount As of December 31, 2013 $ Less: Share of loss from Associates ) Less: Impairment Charges ) Add: Unrealized gain As of December 31, 2014 $ Less: Share of loss from Associates ) Less: Impairment Charges ) Less: Cash Collection ) Less: Transfer-out from available-for-sale investments ) Add: New invest in convertible bond Add: Unrealized gain ) As of December 31, 2015 $ Less: Impairment Charges ) Add: New invest in convertible bond As of December 31, 2016 $ As of December 31, 2016 and 2015, the Company’s financial assets measured on a non-recurring basis included $6.1 million and $13.8 million of equity investments in privately-held companies, respectively.

WARRANTY OBLIGATIONS AND OTHER

WARRANTY OBLIGATIONS AND OTHER GUARANTEES	12 Months Ended
	Dec. 31, 2016
WARRANTY OBLIGATIONS AND OTHER GUARANTEES
WARRANTY OBLIGATIONS AND OTHER GUARANTEES	NOTE 7-WARRANTY OBLIGATIONS AND OTHER GUARANTEES The Company provides a standard warranty on its equipment for a period generally ranging from one to two years from the time of final acceptance. At times, the Company has entered into arrangements to provide limited warranty services for periods longer than two years. The Company provides for the expected cost of product warranties at the time that revenue is recognized based on an assessment of past warranty experience and when specific circumstances dictate. The Company assesses the adequacy of its recorded warranty liability every quarter and makes adjustments to the liabilities if necessary. Specific warranty accruals are reversed upon the expiration of the warranty period and are recorded as a reduction of cost of net sales. From time to time, the Company may be subject to additional costs related to non- standard warranty claims from its customers. If and when this occurs, the Company estimates additional accruals based on historical experience, communication with its customers and various assumptions that the Company believes to be reasonable under the circumstances. Such additional warranty accruals are recorded in the period in which the additional costs are identified. (In thousands) Balance at December 31, 2013 $ Accruals for warranties issued during the period (benefit from expirations), net ) Settlements made during the period ) Balance at December 31, 2014 $ Accruals for warranties issued during the period (benefit from expirations), net ) Settlements made during the period ) Balance at December 31, 2015 $ Accruals for warranties issued during the period (benefit from expirations), net ) Settlements made during the period ) Balance at December 31, 2016 $ Certain of the Company’s sales contracts include provisions under which customers are to be indemnified by the Company in the event of, among other things, a third-party claim against the customer for intellectual property rights infringement related to the Company’s products. There are no limitations on the maximum potential future payments under these guarantees. Historically, the Company has not incurred material costs as a result of obligations under these agreements. It is not possible to determine the aggregate maximum potential loss under these indemnification agreements due to the limited history of prior indemnification claims and the unique facts and circumstances involved in each particular agreement.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Dec. 31, 2016
COMMITMENTS AND CONTINGENCIES
COMMITMENTS AND CONTINGENCIES	NOTE 8-COMMITMENTS AND CONTINGENCIES Leases The Company has entered into non-cancelable operating, office space, manufacturing facilities leases. Future minimum lease payments under all non-cancelable operating leases with an initial term in excess of one year as of December 31, 2016 are as follows: Amount (in thousands) 2017 $ 2018 2019 2020 2021 Thereafter — Total $ Rent expense for the years ended December 31, 2016, 2015 and 2014 was $1.4 million, $1.6 million, and $1.8 million, respectively. India Department of Telecommunication Security and Supply Chain Standards India’s Department of Telecommunications (“DOT”) requires equipment manufacturers to meet certain security and supply chain standards to the satisfaction of Indian authorities. The Company entered into these separate general security agreements with several customers in India which establish detailed security and supply chain standards covering products supplied to these telecommunication customers as required by the Indian authorities. These agreements contain significant penalty clauses in the event a security breach is detected related to product supplied by the Company. In May 2011, India’s DOT provided a revised template for these agreements, but the Company has not executed the revised agreement with our customers. Prior to 2015, management was unable to estimate the likelihood of non-compliance or the financial impact of any such potential security breach on the Company’s financial position, results of operations, or cash flows. As of December 31, 2014, the Company had not been charged with to any penalty liability related to these agreements. In 2014, there was no revenue recognized in relation to contracts signed after the effective date of the agreements, as management did not believe it had met the criteria to recognize revenue because the Company as management did not believe it had met the criteria to recognize revenue because the Company did not have enough evidence to prove the security requirements as designated in the agreements were met and was unable to estimate the likelihood of non-compliance or the financial impact of any such potential security breach on the Company’s financial position, results of operations, or cash flows. As of December 31, 2014, deferred revenue and deferred costs related to contracts covered by these security agreements were $11.7 million and $5.7 million, respectively. In 2015, the Company reassessed the revenue recognition on these agreements and concluded the likelihood of DOT non-compliance was low. This assessment is based on several factors, including 1) decreasing activities under these customer contracts; 2) no reports or findings of any spyware or malware in the equipment supplied by the Company in the past 5 year period, which is approximately the estimated useful life of such kind of equipment; and 3) quality assurance reports about the reliability of our equipment. As a result of this assessment, the Company considered it appropriate to recognize revenue. In 2015, the Company recognized $11.8 million revenues with $5.4 million cost of goods which including equipment revenue $5.6 million with $5.4 million cost of goods and equipment based service revenue $6.2 million with $0.01 million cost of goods. As of December 31, 2015, deferred revenue and deferred costs related to contracts with these customers covered by these security agreements were nil and nil, respectively. Contractual obligations and commercial commitments Letters of credit: The Company issues bid bond, commercial letters of credit or standby letters of credit primarily to support international sales activities outside of China and in support of purchase commitments. When the Company submits a bid for a sale, often the potential customer will require that the Company issue a bid bond or a standby letter of credit to demonstrate its commitment through the bid process. In addition, the Company may be required to issue standby letters of credit as guarantees for advance customer payments upon contract signing or performance guarantees. The standby letters of credit usually expire without being drawn by the beneficiary thereof. Finally, the Company may issue commercial letters of credit in support of purchase commitments. As of December 31, 2016, the Company’s outstanding letters of credit approximated $14.7 million. These balances are included in the balance of Short-term and Other long-term assets. Purchase commitments: The Company is obligated to purchase raw materials and work-in-process inventory under various orders from various suppliers, all of which should be fulfilled without adverse consequences material to the Company’s operations or financial condition. At December 31, 2016, the Company had outstanding purchase commitments, including agreements that are non-cancelable and cancelable without penalty, approximating $44.0 million. Intellectual property: Certain sales contracts include provisions under which customers are indemnified by the Company in the event of, among other things, a third party claim against the customer for intellectual property rights infringement related to the Company’s products. There are no limitations on the maximum potential future payments under these guarantees. The Company has not accrued any amounts in relation to these provisions as no such claims have been made and the Company believes it has valid enforceable rights to the intellectual property embedded in its products. Uncertain Tax Positions: As of December 31, 2016, the Company had $20.1 million of gross unrecognized tax benefits, of which $3.5 million related to tax benefits that, if recognized, would impact the annual effective tax rate. The remaining $16.6 million gross unrecognized tax benefits, if recognized, would impact certain deferred tax assets. Litigation: The Company is a party to other litigation matters and claims that are normal in the course of operations, and while the results of such litigation matters and claims cannot be predicted with certainty, management of the Company believes that the final outcome of such matters will not have a material adverse impact on the Company’s financial position, results of operations or cash flows.

COMMON STOCK REPURCHASE AND ISS

COMMON STOCK REPURCHASE AND ISSUANCE	12 Months Ended
	Dec. 31, 2016
COMMON STOCK REPURCHASE AND ISSUANCE
COMMON STOCK REPURCHASE AND ISSUANCE	NOTE 9-COMMON STOCK REPURCHASE AND ISSUANCE On January 17, 2014, The Company entered into the Share Purchase Agreement with Softbank and Shah Capital. Pursuant to the Share Purchase Agreement, Softbank sold its entire stake in the Company, consisting of 4,883,875 ordinary shares with a par value of US $0.00375 per share. The Company and Shah Capital repurchased 3,883,875 and 1,000,000 ordinary shares, respectively, for a price of $2.54 per ordinary share for total consideration paid by the Company of $9.9 million. The transaction was consummated on the same date. On March 11, 2014, the Company entered into a Subscription Agreement with Shah Capital. Pursuant to the Subscription Agreement, Shah Capital subscribed for and purchased 2,000,000 shares of common stock, from the Company for a price of $2.67 per share. This price represents 1.3% premium to the 30 days weighted average of the Company’s common stock price as of March 10, 2014. The transaction was consummated on the same date. On November 12, 2014, the Company’s Board of Directors approved a share repurchase program of up to $40.0 million of its ordinary shares outstanding over the 24 months through 2016. On November 4, 2016, the Company’s Board of Directors approved an extension for this program to November 2018.For the year ended December 31, 2016, 2015 and 2014, the Company repurchased 2,054,655,1,563,302 and 166,421 shares at the cost of $4.1 million, $3.7 million and $0.4 million, respectively. All of the repurchased shares under the repurchase program are classified as treasury shares of the Company until they are retired or reissued.

COMMON STOCK AND STOCK INCENTIV

COMMON STOCK AND STOCK INCENTIVE PLANS	12 Months Ended
	Dec. 31, 2016
COMMON STOCK AND STOCK INCENTIVE PLANS
COMMON STOCK AND STOCK INCENTIVE PLANS	NOTE 10-COMMON STOCK AND STOCK INCENTIVE PLANS Stock Incentive Plans As of December 31, 2016, the Company has the stock incentive plans described below. Substantially all outstanding awards are subject to potential accelerated vesting in the event of a change in control of the Company. The Company repurchases and cancels its ordinary shares forfeited with respect to the tax liability associated with certain vesting of restricted stock and restricted stock unit grants under these plans. 2017 Equity Incentive Plan: The 2017 Equity Incentive Plan, or (the “2017 Plan”), was approved by the Board of Director on November 4, 2016, and will be expired on December 31, 2021. The 2017 Plan provides for the grant of the following types of incentive awards: (i) stock options, (ii) stock appreciation rights, (iii) restricted stock, (iv) restricted stock units, (v) performance shares and performance units, and (vi) other stock or cash awards (“Award,” collectively, “Awards”). Those who are eligible for Awards under the 2017 Plan include employees, directors and consultants who provide services to the Company and its affiliates. The maximum aggregate number of shares that may be awarded and sold under the Plan is 2,000,000 Shares plus (i) any shares that, as of December 31, 2016, have been reserved but not issued pursuant to any awards granted under UTStarcom Holdings Corp.’s Amended and Restated 2006 Equity Incentive Plan (the “2006 Plan”), (ii) any shares subject to stock options or similar awards granted under the 2006 Plan that expire or otherwise terminate without having been exercised in full and Shares issued pursuant to awards granted under the 2006 Plan that are forfeited to or repurchased by the Company. The shares may be authorized, but unissued, or reacquired common Stock. 2006 Equity Incentive Plan: The 2006 Equity Incentive Plan, or 2006 Plan, was implemented on July 21, 2006 after being adopted by the Board of Directors on June 6, 2006 and approved by the Company’s stockholders on July 21, 2006, expired on December 31, 2016. The 2006 Plan replaces the 1997 Plan, the 2001 Plan, and the 2003 Plan, or collectively, the Prior Plans, and no further awards will be granted pursuant to the Prior Plans. The 2006 Plan provides for the grant of the following types of incentive awards: (i) stock options, (ii) stock appreciation rights, (iii) restricted stock, (iv) restricted stock units, (v) performance shares and performance units, and (vi) other stock or cash awards. Those who are eligible for Awards under the 2006 Plan include employees, directors and consultants who provide services to the Company and its affiliates. The maximum aggregate number of shares that may be awarded and sold under the 2006 Plan is 1,500,000 shares, which was amended on January4, 2016, to add an additional 1,500,000 shares to the 2006 Plan, plus (i) any shares that have been reserved but remain unissued under the Prior Plans as of July 21, 2006, and (ii) any shares subject to stock options or similar awards granted under the Prior Plans that expire or become exercisable without having been exercised in full and shares issued pursuant to awards granted under the Prior Plans that are forfeited to or repurchased by the Company. As of December 31, 2016, the number of shares transferred from the Prior Plans to the 2006 plan totaled 8,474,347. As of December 31, 2016, 2,042,798 options and restricted stock awards and units were outstanding under the 2006 Plan. The Board of Directors or the Compensation Committee of the Board, or Compensation Committee, administers the 2006 Plan. Subject to the terms of the 2006 Plan, the Administrator has the sole discretion to select the employees, consultants, and directors who will receive Awards, determine the terms and conditions of Awards, and to interpret the provisions of the 2006 Plan and outstanding Awards. Options granted under the 2006 Plan generally vest and become exercisable over four years. Awards granted under the 2006 Plan are generally not transferable, and all rights with respect to an Award granted to a participant generally may be exercised during a participant’s lifetime only by the participant; provided, however, that with the Administrator’s approval, a participant may (i) transfer an Award to a participant’s spouse or former spouse pursuant to a court-approved domestic relations order which relates to the provision of child support, alimony payments or marital property rights, or (ii) transfer an Award by gift to or for the benefit of the participant’s immediate family. The exercise price of all stock options and stock appreciation rights granted under the 2006 Plan must be at least equal to 100% of the fair market value of the ordinary share on the date of grant (or at least 110% of such fair market value for an incentive stock option, or (“ISO”), granted to a shareholder with greater than 10% voting power of the Company’s stock). The maximum term of a stock option granted to any participant must not exceed seven years from the date of grant or five years for an ISO granted to a shareholder with greater than 10% of the voting power of the ordinary share. The Administrator will determine the terms and conditions of all other Awards granted under the 2006 Plan. Stock Award and Stock Option Activity During fiscal 2016, the Company granted equity awards primarily consisting of restricted stock, restricted stock units, stock options and performance shares. Such awards generally vest over a period of one to four years from the vesting start date. Restricted stock has the voting rights of ordinary shares and the shares underlying restricted stock are issued and outstanding. As of December 31,2015 and 2014, the number of ordinary shares available for issuance pursuant to future grants under the 2006 plan, including remaining unissued shares under Prior Plans that have been transferred into the 2006 plan were 1,022,114, and 879,021, respectively. The 2006 Plan expired on December 31, 2016, and 960,940 shares were transferred to the 2017 Plan that was approved by the Board of Director on November 4, 2016. Therefore, as of December 31, 2016, the number of ordinary shares available for issuance was 2,960,940 under the 2017 Plan. The following table summarizes the Company’s stock option activities: Number of Weighted (in thousands) Options Outstanding, December 31, 2013 $ Options Granted Options Exercised — — Options Forfeited or Expired ) Options Outstanding, December 31, 2014 $ Options Granted — — Options Exercised ) Options Forfeited or Expired ) Options Outstanding, December 31, 2015 $ Options Granted Options Exercised — — Options Forfeited or Expired ) Options Outstanding, December 31, 2016 $ Under the Plans, the Company granted restricted stock awards. Restricted stock awards are unvested stock awards that may include grants of restricted stock or grants of restricted stock units. Such awards generally vest over a period of one to four years from the date of grant. Restricted stock has the voting rights of ordinary share and the shares underlying restricted stock are considered to be currently issued and outstanding. Restricted stock units do not have the voting rights of ordinary shares, and the shares underlying the restricted stock units are not considered issued and outstanding. The expense for such awards is based on the fair market value of the shares at the date of grant and is recognized on a straight- line basis over the requisite service period. The grant of restricted stock awards is deducted from the shares available on a one to one basis for grant under the Company’s stock plan. Unvested restricted awards as of December 31, 2016 and changes during the year ended December 31, 2016, 2015 and 2014 are summarized below: Shares Weighted (in thousands) Total nonvested restricted stock at December 31, 2013 $ Granted $ Vested ) $ Forfeited ) $ Total nonvested restricted stock at December 31, 2014 $ Granted $ Vested ) $ Forfeited ) $ Total nonvested restricted stock at December 31, 2015 $ Granted $ Vested ) $ Forfeited ) $ Total nonvested restricted stock at December 31, 2016 $ During the year ended December 31, 2014, 0.6 million shares of restricted stock awards vested. The total fair value of restricted stock awards vested, as measured on the date of vesting, during the year ended December 31, 2014 was $1.9 million. The Company also granted 0.8 million restricted stock awards. During the year ended December 31, 2015, 0.4 million shares of restricted stock awards vested. The total fair value of restricted stock awards vested, as measured on the date of vesting, during the year ended December 31, 2015 was $1.3 million. The Company also granted 0.4 million restricted stock awards. During the year ended December 31, 2016, 0.6 million shares of restricted stock awards vested. The total fair value of restricted stock awards vested, as measured on the date of vesting, during the year ended December 31, 2016 was $1.7 million. The Company also granted 1.1million restricted stock awards. The following table summarizes significant ranges of outstanding and exercisable stock options as of December 31, 2016: Weighted Number Average Weighted Number Weighted Range of Outstanding Remaining Average Exercisable Average Exercise Prices as of 12/31/16 Contractual Term Exercise Price as of 12/31/16 Exercise Price $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ Number of shares Weighted average exercise Options exercisable at December 31, 2016 $ Options vested and expected to vest at December 31, 2016 $ The intrinsic value represents the total pre-tax intrinsic value and is calculated as the difference between the market value as reported by NASDAQ on December 30, 2016 of $2.0 and the exercise price of the in-the-money shares. During the years ended December 31, 2016, 2015, and 2014, the total pre-tax intrinsic value of options exercised was negligible. The weighted average remaining contractual life of options exercisable was 2.13 years, and the weighted average remaining contractual life of options expected to vest was 4.45 years as of December 31, 2016. The weighted average remaining contractual life of options exercisable was 1.94 years, and the weighted average remaining contractual life of options expected to vest was 3.07 years as of December 31, 2015. Stock-Based Compensation Stock-based compensation expense for stock options is estimated at the grant date based on each option’s fair value as calculated by the Black-Scholes model. The Black-Scholes model was developed for use in estimating the fair value of short-lived exchange traded options that have no vesting restrictions and are fully transferable. In addition, option pricing models require the input of highly subjective assumptions, including the expected stock price volatility over the term of the awards, actual and projected employee stock option exercise behaviors, risk-free interest rate and expected dividends. The Company uses historical volatility as management believes it is more representative of future stock price trends than implied volatility due to the relatively small number of actively traded options on the Company’s ordinary shares available to determine implied volatility. The Company estimates an expected term of options granted based upon the Company’s historical exercise and cancellation data for vested options. In addition, separate groups of employees that have similar exercise behavior are considered separately. The expected term of employee stock purchase plan shares is the average of the remaining purchase periods under each offering period. The Company bases the risk free interest rate used in the option valuation model on U.S. Treasury zero-coupon issues with remaining terms similar to the expected term on the options. The Company does not anticipate paying any cash dividends in the foreseeable future and therefore uses an expected dividend yield of zero in the option valuation model. The Company is required to estimate forfeitures at the time of grant and revise those estimates in subsequent periods if actual forfeitures differ from those estimates. The Company uses historical data to estimate pre-vesting option forfeitures and record stock-based compensation expense only for those awards that are expected to vest. The fair values of stock-based payment awards excluding non-employee, were estimated using the Black-Scholes option pricing model with the following assumptions: Years ended December 31, Stock Options: 2016 2015 2014 Expected term in years Weighted average risk-free interest rate % % % Expected dividend rate % % % Volatility % % % At December 31, 2016, there was approximately $1.8 million of total unrecognized compensation cost, as measured, related to unvested stock options and restricted stock and restricted stock units, which is expected to be recognized over a weighted-average period of 1.87 years. At December 31, 2015, there was approximately $1.9 million of total unrecognized compensation cost, as measured, related to unvested stock options and restricted stock and restricted stock units, which is expected to be recognized over a weighted-average period of 1.91 years. The following table summarizes the stock-based compensation expense recognized in the Company’s Consolidated Statement of Operations: Years ended December 31, 2016 2015 2014 (in thousands) Cost of net sales $ $ $ Selling, general and administrative Research and development Total $ $ $

INCOME TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2016
INCOME TAXES
INCOME TAXES	NOTE 11—INCOME TAXES Cayman Islands Under the current tax laws of Cayman Islands, the Company and its subsidiaries are not subject to tax on their income or capital gains. In addition, upon of dividends by the Company to its shareholders, no Cayman Islands withholding tax will be imposed. United States and foreign income (loss) before income taxes and minority interest were as follows: Years Ended December 31, 2016 2015 2014 (Restated) (in thousands) United States $ $ $ ) Foreign ) ) ) $ $ ) $ ) The components of the provision (benefit) for income taxes are as follows: Years Ended December 31, 2016 2015 2014 (in thousands) Current Federal $ — $ — $ — State — — — Foreign ) Total Current tax expense (benefit) ) Deferred Federal — — — State — — — Foreign ) Total Deferred tax expense (benefit) ) Total tax expense (benefit) $ $ ) $ As of December 31, 2016, the Company had gross unrecognized tax benefits of approximately $22.7 million and had certain deferred tax assets and the federal tax benefit of state income tax items totaling $16.6 million. Of the total $22.7 million gross unrecognized tax benefits, $3.5 million related to tax benefits that, if recognized, would affect the annual effective tax rate. The Company has reduced its unrecognized tax benefits by approximately $2.6 million during 2016 was mainly due to statute of limitations expirations. The Company’s policy is to recognize interest expense and penalties related to the above unrecognized tax benefits as a component of income tax expense. The Company had accrued interest and penalties of approximately $0.4 million as of December 31, 2016 and approximately $0.4 million as of December 31, 2015. The Company is subject to taxation in the U.S. federal jurisdiction and various U.S. state and foreign jurisdictions. The Company is also subject to audit by the taxing authorities in China on a recurring basis. The material jurisdictions that the Company is subject to examination are in the United States and China. The Company’s tax years for 2005 through 2016 are still open for examination in China. The Company’s tax years for 2008 through 2016 are still open for examination in the United States. FASB ASC 740-10 establishes criteria for recognizing or continuing to recognize only more-likely-than-not tax positions, which may result in income tax expense volatility in future periods. While the Company believes that it has adequately provided for all tax positions, amounts asserted by taxing authorities could be greater than the Company’s accrued position. Accordingly, additional provisions on income tax related matters could be recorded in the future as revised estimates are made or the underlying matters are settled or otherwise resolved. A summary of the Company’s unrecognized tax benefits is as follows: Years Ended December 31, 2016 2015 2014 (in thousands) Beginning balance-gross unrecognized tax benefits (UTB’s) $ $ $ Additions based on tax positions related to the current year — Reductions based on tax positions related to the current year — — — Additions for tax positions related to prior years — — — Reductions for tax positions related to prior years — ) ) Settlements — — — Lapse of statute of limitations ) ) — Ending balance—gross unrecognized tax benefits (UTB’s) UTB’s as a credit in deferred taxes ) ) ) Federal benefit of state taxes ) ) ) UTB’s that would impact the effective tax rate $ $ $ In establishing its deferred income tax assets and liabilities, the Company makes judgments and interpretations based on the enacted tax laws and published tax guidance applicable to its operations. The Company records deferred tax assets and liabilities and evaluates the need for valuation allowances to reduce the deferred tax assets to realizable amounts. The likelihood of a material change in the Company’s expected realization of these assets is dependent on future taxable income and its ability to use foreign tax credit carryforwards and carrybacks. A summary of the components of net deferred tax assets is as follows: December 31, December 31, (Restated) (in thousands) Deferred Tax Assets Net operating loss carryforward Tax credit carryforwards Capital loss carryforwards — Written-down/amortization of intangible assets and goodwill Fixed assets Demo equipment income Prepaid expense Accrued warranties ) Other Total Deferred Tax Assets Deferred Tax Liabilities Allowances and reserves $ ) $ ) Other ) ) Total Deferred Tax Liabilities ) ) Total Deferred Tax Assets $ $ Less: Valuation Allowance $ ) $ ) Net Deferred Tax Assets $ $ The Company provides for deferred income taxes on the unremitted earnings of foreign subsidiaries unless such earnings are deemed to be permanently reinvested outside the United States. In 2016, the Company had no gross U.S. deferred income tax liability on foreign earnings. As of December 31, 2016, the Company has undistributed earnings of approximately $77.7 million from investments in foreign subsidiaries that are considered permanently reinvested. The determination of the amount of deferred taxes on these earnings is not practicable since the computation would depend on a number of factors that cannot be known until a decision to repatriate the earnings is made. As of December 31, 2016, the Company’s U.S. federal net operating loss carryforwards were $548.4 million and expire in varying amounts between 2025 and 2034. As of December 31, 2016, state net operating loss carryforwards were $379.3 million and expire in varying amounts between 2017 and 2037. The Company has concluded that these federal and state net operating losses did not meet the more likely than not standard contained in FASB ASC 740-10 and has therefore placed a $212.6 million valuation allowance against the related deferred tax assets. In the event the tax benefits related to the valuation allowance are realized, an immaterial amount would be credited to paid-in capital. As of December 31, 2016, the Company also had net operating loss carryforwards (“NOLs”) in China of approximately $56.5million. The China net operating loss carryforwards will expire in varying amounts between 2017 and 2021. The Company has also concluded that these China net operating losses did not meet the more likely than not standard and has therefore placed a $8.5million valuation allowance against the related deferred tax assets. As of December 31, 2016, the Company had NOLs in countries other than the U.S. and China. These NOLs are approximately $101.9 million. The majority of the NOLs do not expire and can be carried forward indefinitely. The Company concluded, however, that the majority of these losses did not meet the more likely than not standard and has therefore placed a valuation allowance of $17.4 million against the related deferred tax assets. As of December 31, 2016, the Company has U.S. alternative minimum tax credit carryforwards of $1.0 million which have an indefinite life. The Company also has U.S. research and development credit carryforwards of $10 million, $2.5 million of the credits have an indefinite life and $7.5 million of the credits expire in varying amounts between 2017 and 2031. The Company has U.S. foreign tax credits of $56.5 million which expire in varying amounts between 2017 and 2026. The Company has concluded that these U.S. tax credit carryforwards did not meet the more likely than not standard contained in FASB ASC 740-10 and has therefore placed a $67.6 million valuation allowance against the related deferred tax assets. The difference between the Company’s effective income tax rate and the federal statutory rate is reconciled below: Years Ended December 31, 2016 2015 2014 (in thousands) Federal tax expenses (benefit) at statutory rate $ $ ) $ ) State tax (benefit)/expense, net of federal income tax benefit — — Stock compensation expense Effect of differences in foreign tax rates ) FASB Interpretation No.48” Accounting for Uncertainty in Income taxes” reserve ) ) Change in deferred tax valuation allowance ) Tax credits — — ) Other Total Tax Expense (benefit) $ $ ) $ The Company remains subject to U.S. taxes at a statutory rate of 35%. The China Corporate Income Tax Law (“CIT Law”) became effective on January 1, 2008. Under the CIT Law, China’s dual tax system for domestic enterprises and foreign investment enterprises (“FIEs”) was effectively replaced by a unified system. The CIT Law establishes a tax rate of 25% for most enterprises and a reduced tax rate of 15% for certain qualified high technology enterprises. The CIT Law provides the reduced 15% enterprise income tax rate for qualified high and new technology enterprises. One of the Company’s China subsidiaries, UTStarcom Telecom Co., Ltd (“HUTS”), through which the majority of our business in China is conducted obtained the High and New Technology Enterprise Certificate, or High-tech Certificate, from the relevant approval authorities on September 19, 2008, and thereafter were approved to pay CIT at the reduced tax rate of 15%. The approval for the reduced 15% tax rate is valid for three years and applies retroactively from January 1, 2008, subject to possible re-assessment by the approval authorities. During the re-assessment, the tax authority may suspend the implementation of the reduced 15% rate. HUTS’s High-tech Certificate renewal was approved on October 14, 2011. HUT’s approval extends the reduced 15% tax rate terms for three years. However, since HUTS is currently in significant loss position, the change in tax rate will not have a material adverse impact on the business or liquidity until HUTS begin to generate profit and deplete all the net operating loss carry forwards. As of September 30, 2005, the Company did not believe it was more likely than not that it would generate a sufficient level and proper mix of taxable income within the appropriate period to utilize all the deferred tax assets in China and the United States. As a result of the review undertaken at September 30, 2005, the Company has concluded that it was appropriate to establish a full valuation allowance for the net deferred tax assets in China and the United States wherein the cumulative losses weigh heavily in the overall assessment. The Company has continued to provide full valuation allowances since 2005 as it does not believe it was more likely than not that it would generate sufficient taxable income within the appropriate period to utilize those deferred tax assets. In 2016, the change in deferred tax valuation allowance of $3.0 million is primarily attributable to the tax expense related to continuing to provide full valuation allowance on the Company’s deferred tax assets at December 31, 2016 in the United States and China. In 2015, the change in deferred tax valuation allowance of $11.0 million is primarily attributable to the tax expense related to continuing to provide full valuation allowance on the Company’s deferred tax assets at December 31, 2015 in the United States and China. In 2014, the change in deferred tax valuation allowance of $1.8 million is primarily attributable to the tax expense related to continuing to provide a full valuation allowance on the Company’s deferred tax assets at December 31, 2014 in the United States and China. There was no income tax benefit related to tax credits recognized in 2016 and 2015. In 2014, the income tax benefit of $0.5 million related to tax credits is primarily attributable to an increase in the amount of foreign tax credits generated in the United States due to foreign taxes paid.

OTHER INCOME (EXPENSES), NET

OTHER INCOME (EXPENSES), NET	12 Months Ended
	Dec. 31, 2016
OTHER INCOME (EXPENSES), NET
OTHER INCOME (EXPENSES), NET	NOTE 12-OTHER INCOME (EXPENSES), NET Other income (expenses), net consists of the following: Years ended December 31, 2016 2015 2014 (in thousands) Foreign exchange gains (loss) $ $ ) $ ) Gain (loss) from the currency translation adjustment — ) Tax reversal for expiration of the statute of limitations (1) — ESA loan impairment (2) — ) ESA loan interest (2) — — Realized investment gain (3) — UiTV loan impairment (4) — ) — Other Total $ $ $ ) (1) Previously, when the Company divested its Korean subsidiary, the Company provided a tax reserve as it offered indemnification to the buyer for the uncertain tax position arising in the periods before the divestiture. In 2014, approximately $1.0 million of such tax reserve was released due to expiration of statute of limitations. In 2016, approximately $0.8 million of such tax reserve was released due to expiration of statute of limitations. (2) The Company signed the loan agreement to for a total amount of $5.6 million in the fourth quarter of 2012, $4.0 million was drawdown in the fourth quarter of 2012 and the remaining in the first quarter of 2013. The loan bears interest at 20% per annum and originally matured on December 31, 2013, with subsequently extended the maturity date on 50% of the loan, or $2.8 million, to June 30, 2014, and the other half extended to December 31, 2014. In the fourth quarter of 2014, the Company received $0.8 million. The Company has performed an assessment on the need for a valuation reserve and $2.8 million was charged as impairment in other expenses in 2014 as the collection term was due. In the third quarter of 2015, the Company received $6.0 million, including $1.1 interest income. Accordingly, $2.8 million reserve was reversed and recorded in Other income (expense), net. Therefore, all the principal of the outstanding entrusted loan was collected and the contract was closed. (3) The Company received 124,395 shares of Inphi on November 14, 2014 to exchange for the 1% interest in Cortina. Management assessed the shares and classified them as available-for-sale securities and subject to fair value accounting. As of December 31, 2014, the fair value of the shares was $2.3 million, which results in an unrealized gain of $0.5 million in Other Comprehensive Income. In the first quarter of 2015, the Company sold the 124,395 shares of Inphi stock with a total cash consideration of $2.4 million, which resulted in a realized gain of $0.6million in Other Income. In the second quarter of 2015, the Company also received $0.7 million in cash proceeds in connection with the sale of assets that had a $0 net carrying value, resulting in a realized gain in Other Income. In the fourth quarter of 2015, another $0.3 million was released from escrow deposited by Inphi during the transaction and the Company recorded as a realized gain in Other Income. In the second quarter of 2016, another $0.1million was released from escrow deposited by Inphi during the transaction and the Company recorded as a realized gain in Other Income. (4) The other receivable balance includes loans to UiTV of approximately $2.3 million as of December 31, 2015. UiTV used this amount to purchase Set Top Boxes for the Internet television service in Thailand. Pursuant to the contract, UiTV repays in installments, starting from January of 2015 to July of 2018. The Company has performed an assessment on the need for a valuation reserve due to collectability risk and $2.3 million was reserved as of December 31, 2015. In 2016, there was no such item included in the other receivable balance. Considering the UiTV’s current business operating and finance statues, the Company did not expect to receive the bonds in the 2017 and 2018.

NET INCOME (LOSS) PER SHARE

NET INCOME (LOSS) PER SHARE	12 Months Ended
	Dec. 31, 2016
NET INCOME (LOSS) PER SHARE
NET INCOME (LOSS) PER SHARE	NOTE 13-NET INCOME (LOSS) PER SHARE The following table sets forth the computation of basic and diluted net loss per share for the years ended December 31, 2016, 2015 and 2014: Years Ended December 31, 2016 2015 2014 (Restated) (in thousands) Numerator: Net income (loss) attributable to UTStarcom Holdings Corp. $ $ ) $ ) Denominator: Weighted average shares outstanding-Basic Potentially dilutive common stock equivalents-stock options and restricted stock — — Weighted average shares outstanding-Diluted Net Income(loss) per share attributable to UTStarcom Holdings Corp.- Basic $ $ ) $ ) Net Income(loss) per share attributable to UTStarcom Holdings Corp.-Diluted $ $ ) $ ) The dilutive effect of share-based awards is reflected in diluted net loss per share by application of the treasury stock method, which includes consideration of unamortized share-based compensation expense and the dilutive effect of in-the-money options and unvested restricted stock units. Under the treasury stock method, the amount the employee must pay for exercising stock options and unamortized share-based compensation expense are assumed proceeds to be used to repurchase hypothetical shares. An increase in the fair market value of the Company’s ordinary share can result in a greater dilutive effect from potentially dilutive awards. For the years ended December 31, 2015, and 2014, no potential ordinary shares were dilutive because of the net loss incurred in those years, therefore basic and dilutive EPS were the same. For the year ended December 31, 2016, 1.4 million potential ordinary shares were dilutive.

SEGMENT REPORTING

SEGMENT REPORTING	12 Months Ended
	Dec. 31, 2016
SEGMENT REPORTING
SEGMENT REPORTING	NOTE 14-SEGMENT REPORTING The Company’s reporting segments are as follows: · Equipment-Focusing on the Company’s equipment sales including network infrastructure and application products. Network infrastructure products mainly include broadband products. Network application products mainly include Wireless infrastructure technologies. · Services-Providing services and support for the Company’s equipment products and also the new operational support segment. The Company’s Chief Operating Decision Makers make financial decisions and resource allocations based on information they receive from its internal management system and currently evaluate the operating performance and allocates resources to the reporting segments based on segment revenue, gross profit and income (loss) before income taxes. Cost of sales and direct expenses in relation to production are assigned to the reporting segments. The accounting policies used in measuring segment assets and operating performance are the same as those used at the consolidated level. Summarized below are the Company’s segment net sales, gross profit and income (loss) before income taxes for the years ended December 31, 2016, 2015 and 2014 based on the current reporting segment structure. Years ended December 31, Net Sales by 2016 % 2015 % 2014 % of (in thousands, except percentages) Equipment $ % $ % $ % Services % % % Total Sales $ % $ % $ % Years ended December 31, Gross profit/(loss) by 2016 Gross 2015 Gross 2014 Gross (in thousands, except percentages) Equipment $ % $ % $ % Services % % % Total Gross profit $ % $ % $ % Years ended December 31, Segment Margin and Income ( loss )before income taxes 2016 2015 2014 (in thousands) Equipment $ $ $ Services Total General and Corporate ) ) ) Income (loss) before income taxes $ $ ) $ ) General and corporate expenses include all un-allocated expenses such as sales and marketing, general and administration and common R&D expenses, equity income (loss) of associates and investment impairment etc. Sales are attributed to a geographical area based upon the location of the customer. Sales data by geographical area are as follows: Years Ended December 31, 2016 % of net 2015 % of net 2014 % of net (in thousands, except percentages) Net Sales by Region China $ % $ % $ % Japan % % % India % % % Taiwan % % % Other % % % Total $ % $ % $ % Long-lived assets, consisting of property, plant and equipment, by geographical area are as follows: December 31, 2016 2015 (in thousands) China $ $ Other Total long-lived assets $ $

CREDIT RISK AND CONCENTRATION

CREDIT RISK AND CONCENTRATION	12 Months Ended
	Dec. 31, 2016
CREDIT RISK AND CONCENTRATION
CREDIT RISK AND CONCENTRATION	NOTE 15-CREDIT RISK AND CONCENTRATION Financial Risks: Financial instruments, which potentially subject the Company to concentrations of credit risk, consist principally of cash, cash equivalents, short-term investments and accounts and notes receivable. The Company places its temporary cash and short-term investments with several financial institutions. Approximately $53.8 million and $64.1 million of the Company’s cash and cash equivalents and short-term investments were on deposit in accounts outside the U.S. at December 31, 2016 and 2015, respectively, of which approximately $13.5 million and $19.8 million were held by subsidiaries in China. The Company’s exposure to market risk for changes in interest rates relates primarily to its investment portfolio. The fair value of its investment portfolio would not be significantly affected by either a 10% increase or decrease in interest rates due mainly to the short term nature of most of its investment portfolio with the exception of the available-for-sale securities. The investment classified as available-for-sales securities is reported at fair value. It will be measured subsequently at fair value on the balance sheets with unrealized gains and losses will be recorded in accumulated other comprehensive income (loss) in shareholders’ equity. Any negative events or deterioration in financial well-being with respect to the counterparties of the long-term investments and the underlying collateral may cause material losses to the Company and have a material effect on the Company’s financial condition and results of operations. In addition, the Company’s interest income can be sensitive to changes in the general level of U.S. and China interest rates since the majority of its funds are invested in instruments with maturities of less than one year. In a declining interest rate environment, as short term investments mature, reinvestment occurs at less favorable market rates. Given the short term nature of certain investments, declining interest rates will not negatively impact the Company’s investment income. The Company maintains an investment portfolio of various holdings, types and maturities. The Company does not use derivative financial instruments. The Company places its cash investments in instruments that meet high credit quality standards, as specified in its investment policy guidelines. The Company’s policy is to limit the risk of principal loss and to ensure the safety of invested funds by generally attempting to limit market risk. The Company’s available-for-sale securities are reported at fair value, with unrealized gains and losses recorded in accumulated other comprehensive loss in shareholders’ equity. Any negative events or deterioration in financial well-being with respect to the counterparties of these investments may cause material losses to the Company and have a material effect on the Company’s financial condition and results of operations. Concentration of Credit Risk and Major Customers: At December 31, 2016 and 2015, the Company’s accounts receivable balance included amounts due from Softbank and its affiliates, representing approximately 57 % and 69% of the Company’s total accounts receivable, net of allowances for doubtful accounts, respectively. The following customers accounted for 10% or more of the Company’s net revenues: For the years ended 2016 2015 2014 Softbank and affiliates % % % Bharat Sanchar Nigam LTD and affiliates % % % Country Risks: Approximately 5%, 8% and 12% of the Company’s sales for the year ended December 31, 2016, 2015, and 2014, respectively, were from China. Accordingly, the political, economic and legal environment, as well as the general state of China’s economy may influence the Company’s business, financial condition and results of operations. The Company’s operations in China are subject to special considerations and significant risks not typically associated with companies in the United States. These include risks associated with, among others, the political, economic and legal environments and foreign currency exchange. The Company’s results may be adversely affected by, among other things, changes in the political, economic and social conditions in China, and by changes in governmental policies with respect to laws and regulations, changes in China’s telecommunications industry and regulatory rules and policies, anti-inflationary measures, currency conversion and remittance abroad, and rates and methods of taxation. In addition, the major customers of the Company are Japan-based customers. Therefore, our results of operations may be adversely affected by the political and business relationship between China and Japan as well as other events affecting Japan in general. From time to time there have been tensions and conflicts between China and Japan. Adverse changes in political and economic policies, geopolitical uncertainties, and international conflicts between China and Japan may lead to a reduction in our sales. Any future conflicts between China and Japan may have an adverse impact on the political and business relationship of the two countries. Furthermore, events affecting Japan in general, such as natural disasters, or a Japanese Yen devaluation may also have a negative impact on our business, financial condition and results of operations.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
	Dec. 31, 2016
RELATED PARTY TRANSACTIONS
RELATED PARTY TRANSACTIONS	NOTE 16-RELATED PARTY TRANSACTIONS In 2016, the Company paid $0.2 million to Tim Ti, the Chief Executive Officer of the Company, for remuneration for service to Virtual Gateway Labs, Inc.. These amounts were expensed as employee compensation.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	Dec. 31, 2016
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS	NOTE 17-SUBSEQUENT EVENTS Non-binding proposal letter The board of directors (the “Board”) has received a preliminary non-binding proposal letter, dated March 31, 2017, from Shah Capital Opportunity Fund LP, Himanshu H. Shah, the Chairman of the Board, (together with Shah Capital Opportunity Fund LP, the “Shah Parties”), Hong Liang Lu, the member of the Board, and his affiliates (the “Lu Parties”) and Tenling Ti, the Chief Executive Officer of the Company,(“Mr. Ti”, collectively with the Shah Parties and the Lu Parties, the “Consortium Members”), to acquire all of the outstanding ordinary shares of the Company not owned by the Consortium Members, for US$2.15 in cash per ordinary share. The Board has formed a special committee consisting of two independent and disinterested directors, Sean Shao and Xiaoping Li (the “Special Committee”), to consider the proposal. AioTV On May 30, 2017, the Company converted all the existing 25,527,008 Series B Preferred Shares of AioTV into 25,527,008 common shares of AioTV at a conversion price of $0.320937 per share, and converted $576,068 of the principal amount and the accrued and unpaid interests of the $0.5 million convertible debenture issued on December 7, 2015 into 2,269,856 common shares of AioTV at a conversion price of $0.253790596 per share. On May 30, 2017, the Company signed a “Note Purchase Agreement” with AioTV. Pursuant to the “Note Purchase Agreement”, total commitment amount was $0.8 million, including $319,315 existing convertible bond issued on October 6, 2016 together with the accrued and unpaid interest into convertible promissory note, and promised to purchase one or more convertible promissory notes from time to time, in an aggregate principle amount equal to $480,685. In the second quarter and third quarter of 2017, the Company paid $0.1 million and $0.38 million to purchase the convertible promissory note, respectively. Withdrawal of Preliminary Non-Binding Proposal On October 24, 2017, the special committee of the Company’s board of directors (the “Board”) has received a notice from Shah Capital Opportunity Fund LP, Himanshu H. Shah, Hong Liang Lu and certain of his affiliates and Tenling Ti (collectively, e “Consortium”) to withdraw the preliminary non-binding take-private proposal letter dated March 31, 2017 the Consortium to the Board.

SCHEDULE I CONDENSED FINANCIAL

SCHEDULE I CONDENSED FINANCIAL INFORMATION OF REGISTRANT	12 Months Ended
	Dec. 31, 2016
SCHEDULE I CONDENSED FINANCIAL INFORMATION OF REGISTRANT
SCHEDULE I CONDENSED FINANCIAL INFORMATION OF REGISTRANT	UTSTARCOM HOLDINGS CORP. (UNCONSOLIDATED-PARENT COMPANY BASIS) REGISTRANT BALANCE SHEETS (In thousands, except par value) December 31, 2016 2015 (Restated) (in thousands) ASSETS Investment in subsidiaries $ $ Total assets LIABILITIES AND STOCKHOLDERS’ EQUITY Current liabilities: Accounts payable-intercompany Total current liabilities Total liabilities Stockholders’ equity: Ordinary shares: $0.00375 par value; 250,000 authorized shares; 39,009 and 38,465 shares issued at December 31, 2016 and December 31, 2015, respectively; 35,225 and 36,735 shares outstanding at December 31, 2016 and December 31, 2015, respectively Additional paid-in capital Treasury stock, at cost: 3,784 and 1,730 shares at December 31, 2016 and December 31, 2015, respectively ) ) Accumulated deficit ) ) Accumulated other comprehensive income Total stockholders’ equity Total liabilities and stockholders’ equity $ $ The accompanying notes are an integral part of these consolidated financial statements. UTSTARCOM HOLDINGS CORP. (UNCONSOLIDATED-PARENT COMPANY BASIS) CONDENSED INFORMATION AS TO THE RESULTS OF OPERATIONS OF THE REGISTRANT (In thousands) Years ended December 31, 2016 2015 2014 (Restated) (in thousands) Sales Unrelated parties $ — $ — $ — Related parties — — — Intercompany — — — Cost of sales Unrelated parties — — — Related parties — — — Intercompany — — — Gross profit — — — Operating expenses: Selling, general and administrative Research and development — — — Total operating expenses Operating loss ) ) ) Interest income — — — Interest expense — — — Other income, net — — — Loss before income taxes and equity in loss of affiliated companies ) ) ) Equity in net income (loss) of affiliated companies ) ) Income tax benefit (expense) — — — Net income (loss) and comprehensive income (loss) $ $ ) $ ) The accompanying notes are an integral part of these financial statement UTSTARCOM HOLDINGS CORP. NOTES TO CONDENSED FINANCIAL STATEMENTS NOTE 1-BASIS OF PRESENTATION UTStarcom Holdings Corp., or the Company, a Cayman Island corporation, is the parent company of all UTStarcom Holdings Corp. subsidiaries. The condensed financial statements of the Company have been prepared pursuant to the rules and regulations of the SEC and in conformity with U.S. GAAP. The Company determined cash flow activities during the period were not material and therefore omitted the statement of cash flows from these financial statements. On June 24, 2011, the Company effected a merger, or the Merger, to reorganize the corporate structure of UTStarcom, Inc., a Delaware corporation incorporated in 1991, and its subsidiaries. As a result of the reorganization, UTStarcom Holdings Corp. became the parent company of UTStarcom, Inc. and its subsidiaries. Pursuant to the Merger, the Company issued an equal number of ordinary shares in exchange for the common stock of UTStarcom, Inc. Given the reorganization of the corporate structure on June 24, 2011, the prior period numbers have been adjusted as if the new corporate structure had been in place since the beginning of the earliest period presented in the above condensed financial statements. The Company is generally a holding company of certain subsidiaries, or collectively subsidiaries. The condensed financial statements of the Company have been prepared with the assumption that the current corporate structure has been in existence throughout all relevant periods. The Company records its investment in subsidiaries under the equity method of accounting as prescribed in ASC 323-10, “ The Equity Method of Accounting for Investments in Common Stock. ” Such investment is presented on the balance sheet as “Investment in affiliated companies” and the subsidiaries’ profit or loss are recognized based on the effective shareholding percentage as “Equity in net income (loss) of affiliated companies” on the results of operations. Certain information and footnote disclosures normally included in financial statements prepared in accordance with U.S. GAAP have been condensed or omitted. The footnote disclosures contain supplemental information relating to the operations of the Company and, as such, these statements should be read in conjunction with the notes to the consolidated financial statements of the Company. The Company is a shell company and does not have any activities. Operating expenses for the Company for the years ended December 31, 2016, 2015 and 2014 consisted mainly of the retaining fee for the Board of Directors, its director and officer insurance expenses and the expenses associated with investor relations. As the Company does not have any cash activity, the recorded expenses were paid on behalf of the Company by UTStarcom, Inc., its subsidiary, and statements of cash flows have been omitted. In connection with the year-end financial statement close and preparation of our Form 20-F for 2016, the Company identified an error in our historical financial statements as of December 31, 2015 and for fiscal year then ended (the “Restated Period”). Management has considered the impact to current and past financial statements under the SEC’s authoritative guidance on materiality and determined the error was material, and a restatement of the prior financial statements is required.

SCHEDULE II VALUATION AND QUALI

SCHEDULE II VALUATION AND QUALIFYING ACCOUNTS AND RESERVES	12 Months Ended
	Dec. 31, 2016
SCHEDULE II VALUATION AND QUALIFYING ACCOUNTS AND RESERVES
SCHEDULE II VALUATION AND QUALIFYING ACCOUNTS AND RESERVES	UTSTARCOM HOLDINGS CORP. VALUATION AND QUALIFYING ACCOUNTS AND RESERVES For the Years Ended December 31, 2016, 2015, and 2014 Description Balance at Charged Credited to (Deductions) (Deductions) (1) Balance at (in thousands) Year ended December 31, 2016 Allowance for doubtful accounts $ $ $ — $ — $ ) $ Tax valuation allowance $ $ ) $ $ — $ — $ Year ended December 31, 2015 Allowance for doubtful accounts $ $ $ — $ — $ ) $ 4,564 Tax valuation allowance(Restated) $ $ ) $ ) (3) $ — $ — $ Year ended December 31, 2014 Allowance for doubtful accounts $ $ $ — $ — $ ) $ Tax valuation allowance $ $ $ ) (2) $ — $ — $ (1) Represents write-offs of allowance for doubtful accounts and foreign exchange adjustments. (2) Includes $35.6 million removal of tax valuation allowance for expiration of net operating loss carryforwards in China. (3) Includes $3 million removal of tax valuation allowance for expiration of net operating loss carryforwards in China and $27million for utilization of foreign tax credits in US.

SUMMARY OF SIGNIFICANT ACCOUN26

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2016
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Use of Estimates:	Use of Estimates: The preparation of consolidated financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Significant judgment and estimates are used for revenue recognition, allowances for doubtful accounts and sales returns, tax valuation allowances, inventory write-down, impairment of property, plant and equipment, deferred costs, accrued product warranty costs, provisions for contract losses, investment impairments, going concern assessment, stock-based compensation expense, and loss contingencies among others. Actual results could differ materially from those estimates.
Cash and Cash Equivalents:	Cash and Cash Equivalents: Cash and cash equivalents consist of highly liquid instruments with original maturities of three months or less. Approximately 36.4%, or $30.6 million of cash and cash equivalents were held by the Company’s subsidiaries in the U.S. as of December 31, 2016. The remainder was held by the other UTStarcom entities throughout the world. As of December 31, 2016, approximately 16.1%, or $13.5 million, of the Company’s cash and cash equivalents were held by its subsidiaries in China, and China imposes currency exchange controls on transfers of funds outside of China. Approximately 17%, or $12.9 million of cash and cash equivalents were held by the Company’s subsidiaries in the U.S. as of December 31, 2015. The remainder was held by the other UTStarcom entities throughout the world. As of December 31, 2015, approximately 26%, or $19.8 million, of the Company’s cash and cash equivalents were held by its subsidiaries in China, and China imposes currency exchange controls on transfers of funds outside of China. Cash and cash equivalents are invested in short-term bank deposits and similar short duration instruments that are highly liquid and readily convertible with fixed maturities from overnight to three months.
Restricted Cash:	Restricted Cash: As of December 31, 2016, the Company had short-term restricted cash of $11.4 million, and had long-term restricted cash of $3.3 million included in other long-term assets. As of December 31, 2015, the Company had short-term restricted cash of $12.3 million, and had long-term restricted cash of $3.8 million included in other long-term assets. These amounts primarily collateralize the Company’s issuances of performance bonds, warranty bonds, and standby and commercial letters of credit.
Investments:	Investments: The Company’s investments consist principally of debt and equity securities classified as “available for sale,” and cost and equity method investments in privately held companies. The investments in equity securities of privately held companies in which the Company does not have the ability to exercise significant influence are accounted for under ASC 325, “ Investments-Other ” using the cost method. Under the cost method, these investments are carried at the lower of cost or fair market value. The investments in equity securities of privately held companies in which the Company has the ability to exercise significant influence, but does not own a majority equity interest or otherwise control are accounted for under ASC 323, “ Investments-Equity Method and Joint Ventures ” using the equity method. Investments in debt securities classified as available for sale are measured at fair value on the balance sheets under ASC 320, “ Investments-Debt and Equity Securities. ”. Unrealized holding gains and losses for available-for-sale securities (including those classified as current assets) are excluded from earnings and reported in other comprehensive income until realized except as indicated in the following paragraph. The Company recognizes an impairment charge when a decline in the fair value of its investments below the cost basis is judged to be other-than-temporary. In making this determination, the Company reviews several factors to determine whether the losses are other-than-temporary, including but not limited to: (i) the length of time the investment was in an unrealized loss position, (ii) the extent to which fair value was less than cost, (iii) the financial condition and near term prospects of the issuer, and (iv) the Company’s intent and ability to hold the investment for a period of time sufficient to allow for any anticipated recovery in fair value.
Revenue Recognition:	Revenue Recognition: The Company recognizes revenue when persuasive evidence of an arrangement exists, delivery has occurred, the fee is fixed or determinable and collectability is reasonably assured. The Company assesses collectability based on a number of factors, including payment history and the credit-worthiness of the customer. If the Company determines that collection is not reasonably assured, the Company defers revenue recognition until collection becomes reasonably assured, which is generally upon receipt of cash. If the payment due from the customer is not fixed or determinable due to extended payment terms, revenue is recognized as payments become due and payable by the customer, assuming all other criteria for revenue recognition are met. Any payments received prior to revenue recognition are recorded as customer advances. Any expected losses on contracts are recognized when identified on an individual basis in accordance with the prevailing accounting guidance for the respective contract. When a sales arrangement contains multiple deliverable elements or multiple element arrangements, the Company allocates revenue to each element based on the relative selling price of each element. Under this approach, the selling price of a deliverable is determined by using a selling price hierarchy that requires the use of vendor-specific objective evidence, or (“VSOE”) of fair value, if available, third-party evidence, or (“TPE”) of selling price if VSOE is not available or management’s best estimate of selling prices, or (“BESP”) if neither VSOE nor TPE is available. VSOE is the selling price using the price charged by the Company for a deliverable when sold separately. When there is no VSOE, the Company uses management’s BESP in the allocation of arrangement consideration. Therefore, the Company typically is not able to determine TPE for its products or services. TPE of selling price is determined by evaluating similar competitor deliverables when sold separately to similarly situated customers. Generally, the Company’s products differ from that of its peers, in that its product offerings are directed towards the integration of telecom, broadband and cable television networks and as such, usually entail a significant level of differentiation or customization for its customers such that the comparable pricing of products with similar functionality cannot be obtained. Furthermore, the Company is unable to reliably determine what similar competitor products’ selling prices are on a stand-alone basis. Multiple element arrangements primarily involve the sale of hardware systems, installation and training. In addition, while not separately sold, the arrangement may include extended warranties that cover product repairs, maintenance services, and software updates for the software components that are essential to the functionality of the hardware systems or equipment. Revenue consideration allocated to each element under the relative selling price method is recognized as each element is earned, namely upon installation and acceptance of equipment or delivery of terminals, the delivered element(s) has stand-alone value, there is no right of return on delivered element(s), and the Company is in control of the undelivered element(s). For arrangements that include service elements, including technical support and installation and also training, revenue is deferred until such services are deemed complete. Revenue from extended warranties is recognized ratably over the contract period of the extended warranty services. Final acceptance is required for revenue recognition when installation services are not considered perfunctory. Final acceptance indicates that the customer has fully accepted delivery and installation, if any, of equipment and the Company is entitled to full payment. The Company does not recognize revenue before final acceptance is granted by the customer if acceptance is considered substantive to the transaction. In connection with the restructuring of the telecommunication industry in China, the Ministry of Industry and Information Technology (“MIIT”) announced that personnel access system, or (“PAS”) services in China would be phased out by January 1, 2012. The Company still had $13.2 million of deferred revenue associated with unfulfilled contractual obligations for its historical PAS infrastructure contracts as of December 31, 2011. Such amounts were deferred at its VSOE of fair value according to the terms of the contracts. Upon the phasing out of the PAS services as required by the MIIT announcement, the Company took appropriate actions, such as communicating with its customers regarding the termination of such services, to legally release those obligations. Accordingly, approximately $8.1 million of the deferred revenue was released in 2012 upon the completion of the appropriate legal actions. The remaining balance of $5.1 million was included as part of the liabilities transferred to the buyer on the IPTV divestiture in August 2012. However, as some customers were not willing to assign their contracts to the buyer, the Company is still the primary obligor for those contracts that were not legally assigned to the buyer. Therefore, deferred revenue still included in the Company’s Consolidated Balance Sheet. See “Note 3-Divestitures”. Revenue from fixed price contracts that include a requirement for significant software modification or customization is recognized using the completed contract method of accounting whereby no revenue is recognized prior to the completion of the project because for contracts involving unique requirements, the Company is unable to make reasonably dependable estimates of progress towards meeting contractual requirements. In the event estimated total project costs exceed estimated total project revenues, the entire estimated loss is charged to operations in the period in which the loss becomes probable and can be reasonably estimated. The complexity of the estimation process and judgments about internal and external factors including labor utilization, changes to specifications and testing requirements, time required for performance and resulting incurrence of contract penalties, and the performance of subcontractors affect the estimation process. The Company recognizes gross revenue based on the amount billed to customers when all revenue recognition criteria have been met for transactions where the Company is a reseller. For these transactions the Company is responsible to fulfill the contracts’ obligations, and assumes both the general inventory risk as well as the credit risk. The assessment of collectability is also a factor in determining whether revenue should be recognized. The Company assesses collectability based on a number of factors, including payment history and the credit-worthiness of the customer. The Company does not request collateral from its customers. In international sales, the Company may require customers to provide letters of credit that can be drawn on demand if the customer defaults on its payment. If the Company determines that collection of a payment is not reasonably assured, the Company defers revenue recognition until collection becomes reasonably assured, which is generally upon receipt of cash. On August 31, 2012, the Company completed the divestiture of its IPTV business. As a result, the Company transferred all assets, liabilities and managerial duties to the buyer. The Company is still the primary obligor for certain contracts that some customers were not willing to assign to the buyer. Even though the Company signed back-to-back contracts to transfer all obligations and associated economic risks and benefits to the buyer, from the customer point of view, the Company is the sole obligor to their contracts. If the buyer fails to fulfill its obligations under the back-to-back contracts, the Company is still obligated to fulfill the obligations under the un-assigned contracts with the customers. Therefore, the Company was not able to derecognize the related liabilities of those un-assigned contracts. The Company continued to recognize revenue for those unassigned contracts when they met the revenue recognition criteria as discussed above. At the same time, the Company continued to recognize an equal amount of the deferred costs associated with those contracts. Therefore, there is no gross profit impact from the future revenue recognition of these unassigned contracts. The Company will derecognize both the liabilities and deferred costs when the related contracts are legally assigned subsequently. During the years ended December 31, 2016, 2015 and 2014, the Company recorded $0.3 million, $3.6 million and $4.3 million, respectively, in the Consolidated Statements of Operations and Comprehensive Loss due to meeting the revenue recognition criteria. As of December 31, 2016, the Company still had both liabilities and deferred costs of $10.2 million related to those un-assigned contracts. See “Note 3-Divestitures”. Because of the nature of doing business in China and other emerging markets, the Company’s billings and/or customer payments may not correlate with the contractual payment terms. The Company generally does not enforce contractual payment terms prior to final acceptance. Accordingly, accounts receivable is not recorded until the Company recognizes the related customer revenue. Advances from customers are recognized when the Company has collected cash from the customer, prior to recognizing revenue. Deferred revenue is recorded if there are delivered elements before final acceptance has been obtained. The Company had current deferred revenue of $10.8 million and $17.0 million, and long-term deferred revenue of $3.8 million and $8.6 million at December 31, 2016 and 2015, respectively. Costs related to deferred revenue are also deferred until revenue is recognized. See “Deferred Costs” below.
Product Warranty:	Product Warranty: The Company provides a warranty on its equipment and terminal sales for periods generally ranging from one to two years from the time of final acceptance. At times, the Company has entered into arrangements to provide limited warranty services for periods longer than two years. The Company provides for the expected cost of product warranties at the time that revenue is recognized based on an assessment of past warranty experience and when specific circumstances dictate. The Company assesses the adequacy of its recorded warranty liability every quarter and makes adjustments to the liabilities if necessary. Specific warranty accruals are reversed upon the expiration of the warranty period and are recorded as reduction of cost of sales. Warranty accrual reversals were $0.1 million, nil, and $0.1 million in 2016, 2015 and 2014 respectively. From time to time, the Company may be subject to additional costs related to non-standard warranty claims from its customers. If and when this occurs, the Company estimates additional accruals based on historical experience, communication with its customers and various assumptions that the Company believes to be reasonable under the circumstances. Such additional warranty accruals are recorded in the period in which the additional costs are identified.
Receivables:	Receivables: Although the Company evaluates customer credit worthiness prior to a sale, the Company provides an allowance for doubtful accounts for the estimated loss on trade when collection may no longer be reasonably assured. The Company assesses collectability of receivables based on a number of factors including analysis of creditworthiness, the Company’s historical collection history and current economic conditions, its ability to collect payment and on the length of time an individual receivable balance is outstanding. The Company’s policy for determining the allowance for doubtful accounts includes both specific allowances for balances known to be doubtful of recovery and a formula-based portfolio approach, based on aging of the accounts receivable, as a part of management’s review of the overall allowance for doubtful accounts. This formula-based approach involves aging of the Company’s accounts receivable and applying a percentage based on the Company’s historical experience. The Company evaluates the percentages applied to each category of aged accounts receivable periodically based on actual history of write-offs and collections and refines this formula-based approach accordingly for use in future periods. Receivable balances are written-off when the Company has sufficient evidence to prove that they are uncollectible.
Inventories:	Inventories: Inventories consist of product held at the Company’s manufacturing facility and warehouses, as well as finished goods at customer sites for which the customer has taken possession, but based on specific contractual terms, title has not yet passed to the customer. The Company may ship inventory to existing customers that require additional equipment to expand their existing networks prior to the signing of an expansion contract. Inventories are stated at the lower of cost or market value, based on the FIFO method of accounting. Write-downs are based on the assumptions about future market conditions and customer demand, including projected changes in average selling prices resulting from competitive pricing pressures. The Company continually monitors inventory valuation for potential losses and obsolete inventory at its manufacturing facilities as well as at customer sites. If actual market conditions are less favorable than those projected by management, additional write-downs may be required. If actual market conditions are more favorable than anticipated, the previously written down inventory may be sold to customers and result in lower cost of sales and higher income from operations than expected in that period.
Deferred Costs:	Deferred Costs: Deferred costs consist of products shipped to the customer, but revenue has not yet been recognized due to revenue recognition criteria not fully met. Given that there is uncertainty about customer acceptance until the customer completes its internal testing and procedures, we wait until the issuance of the final acceptance certificate to support its assertion of contract fulfillments. Management periodically assesses the recoverability of deferred costs and provides reserves against deferred cost balances when recovery of deferred costs is not probable. Recoverability is evaluated based on various factors including the length of time the product has been held at the customer site, the likelihood of collection, or it is determined that a related transaction will result in a gross margin loss. When a loss situation is identified, the deferred cost balance is impaired to equal to the value of the excess of cost over the amount of revenue that will be ultimately recognized for the transaction. Revenue and cost of sales are recorded when final acceptance is received from the customer.
Property, Plant and Equipment:	Property, Plant and Equipment: Property, plant and equipment are recorded at cost and are stated net of accumulated depreciation. Depreciation is provided for on a straight-line basis over the estimated useful lives of the related assets. Leasehold improvements are amortized on a straight-line basis over the shorter of the estimated useful lives or the term of the lease. When assets are disposed, the cost and related accumulated depreciation are removed from the accounts and the resulting gains or losses are included in results of operations. The Company generally depreciates its property, plant and equipment over the following periods: Years Equipment and furniture 5 Computers and software 2 - 3 Automobiles 5 Leasehold improvements Lesser of the term of the lease or the estimated useful life Depreciation expense was $1.2 million, $2.3 million, and $2.9 million, for the years ended December 31, 2016, 2015 and 2014, respectively.
Other than Temporary Impairment on Investment:	Other-than-Temporary Impairment on Investment: The Company reviews its investments for other-than-temporary impairment whenever events or changes in business circumstances indicate that the carrying value of the investment may not be fully recoverable. Investments identified as having an indication of impairment are subject to further analysis to determine if the impairment is other-than-temporary and this analysis requires an estimation of the fair value of the investment. In making this determination, the Company reviews several factors to determine whether the losses are other-than-temporary, including but not limited to: (i) the length of time the investment was in an unrealized loss position, (ii) the extent to which fair value was less than cost, (iii) the financial condition and near term prospects of the issuer, and (iv) the Company’s intent and ability to hold the investment for a period of time sufficient to allow for any anticipated recovery in fair value. The determination of fair value of the investment involves considering factors such as current economic and market conditions, the operating performance of the companies including current earnings trends and forecasted cash flows, and other company and industry specific information. Investment impairments recorded as other-than-temporary were $5.3 million, $16.3 million (restated), and $3.9 million, for the years ended December 31, 2016, 2015 and 2014, respectively.
Impairment of Long-Lived Assets:	Impairment of Long-Lived Assets: Long-lived assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. If undiscounted expected future cash flows are less than the carrying value of the assets, an impairment loss is recognized based on the excess of the carrying amount over the fair value of the assets. Long-lived assets that are to be disposed of by sale are measured at the lower of book value or fair value less cost to sell.
Advances:	Advances: Advances from customers represent cash received from customers before revenue recognition for the purchase of the Company’s products.
Advertising Costs:	Advertising Costs: The Company expenses all advertising costs as incurred. Payment to customers for marketing development costs are accounted for as incurred as a reduction of the revenue associated with customers. For the years ended December 31, 2016, 2015 and 2014, advertising costs totaled $0.1 million, $0.1 million, and $0.1 million, respectively.
Operating Leases:	Operating Leases: The Company leases office space under operating lease agreements with an initial lease terms up to five years. Rental expense is recognized from the date of initial possession of the leased property on a straight-line basis over the term of the lease.
Stock-Based Compensation:	Stock-Based Compensation: Stock-based compensation expense for all share-based payment awards granted to employees is determined based on the grant-date fair value. Stock-based compensation expense for restricted stock awards is measured based on the closing fair market value of the Company’s ordinary shares on the date of grant. Stock-based compensation expense for stock options is estimated at the grant date based on each option’s fair value as calculated by the Black-Scholes model. Stock-based compensation is expensed ratably on a straight-line basis over the requisite service period, which is generally the vesting term of the share-based payment awards. The performance-based restricted stock units are subject to the attainment of goals determined by the Compensation Committee of the Company’s Board of Directors. The Company records the relevant stock-based compensation for the performance-based restricted stock units based on the probability of meeting the performance conditions.
Accumulated Other Comprehensive Income (AOCI):	Accumulated Other Comprehensive Income (“AOCI”): Accumulated Other Comprehensive Income mainly consisted of foreign currency translation adjustments and the unrealized gain or loss from available-for-sale investments. The changes in AOCI, including the amounts reclassified to income, were as follows: Foreign currency (in thousands) Balance at December 31, 2014 $ Loss recorded in other comprehensive loss ) Unrealized loss from available-for-sale investments ) Balance at December 31, 2015 $ Gain recorded in other comprehensive income Gain reclassified from AOCI to income ) Balance at December 31, 2016 $ As of December 31, 2015, no accumulated other comprehensive income or loss is attributable to non-controlling interests. The Company reclassifies foreign currency translation adjustments from AOCI to income upon sale or upon complete or substantially complete liquidation of investments in foreign entities, when the amounts attributable to the entities and accumulated in the translation adjustment component of equity is both: (a) removed from the separate component of equity; and (b) reported as part of the gain or loss on sale or liquidation of the investment for the period during which the sale or liquidation occurs. During fiscal 2014, the Company recognized and reclassified $0.1 million to net loss from the cumulative translation adjustment previously recorded in accumulated other comprehensive income upon the liquidation of three Chinese entities. During fiscal 2016, the Company recognized and reclassified $0.1 million to net income from cumulative translation adjustment previously recorded in accumulated to other comprehensive income upon the liquidation of two entities. The prior cumulative translation adjustment primarily resulted from the difference between local functional currency and the Company’s reporting currency. On October 4, 2014, one of the Company’s cost method investees, Cortina, was acquired by Inphi Corporation, “Inphi”, a public company listed on the New York Stock Exchange. Upon the Merger agreement between Inphi and Cortina, and after evaluating the total consideration amount of this acquisition and the Company’s interest holding as of September 30, 2014, the Company recorded a $1.5 million realized investment disposal loss in the third quarter of 2014. In exchange for the 1% interest in Cortina, the Company received 124,395 shares of Inphi on November 14, 2014. Management assessed the shares and classified them as available-for-sale securities subject to fair value accounting. As of December 31, 2014, the fair value of the shares was $2.3 million which resulted in an unrealized gain of $0.5 million which was recorded in Other Comprehensive Loss in the year ended. In February of 2015, the Company sold the 124,395 shares of Inphi stock for a total cash consideration of $2.4 million, which resulted in a realized gain of $0.6 million in Other Income. In 2015, the Company also received $1.0 million in cash proceeds in connection with the sale of assets that had a $0 net carrying value which resulted in a realized gain in Other Income. In the second quarter of 2015, the Company also received $0.7 million in cash proceeds in connection with the sale of assets that had a $0 net carrying value, resulting in a realized gain in Other Income. In the fourth quarter of 2015, another $0.3 million was released from escrow deposited by Inphi during the transaction and the Company recorded as a realized gain in Other Income. In the second quarter of 2016, the Company received another $0.1 million was released from escrow deposited by Inphi during the transaction and the Company recorded as a realized gain in Other Income. As of December 31, 2014, the Company held a $20.2 million Convertible Bond of UTStarcom Hong Kong Holdings Ltd. issued to the Company which included $0.2 million of unrealized gain, which was recognized in AOCI. The Convertible Bond was classified as available-for-sale debt securities subject to fair value accounting. On April 7, 2015, the Company entered an agreement with UTStarcom Hong Kong Holdings Ltd., for the conversion of the $20.0 million convertible bond. Pursuant to the agreement, UTStarcom Hong Kong Holdings Ltd. paid $10.0 million in cash to the Company as partial payment of the principal of the $20.0 million convertible bond. The remaining part of the principal and the interest of the convertible bond were converted to 14% of equity interest of UTStarcom Hong Kong Holdings Ltd. Therefore, the Company began accounting for this private equity investment on the cost method, and reversed $0.2 million unrealized gain. See “Note 3-Divestitures”
Income Taxes:	Income Taxes: The Company is subject to income taxes in both the United States and numerous foreign jurisdictions. Significant judgment is required in evaluating the Company’s tax positions and determining its provision for income taxes. During the ordinary course of business, there are many transactions and calculations for which the ultimate tax determination is uncertain. The Company recognizes the tax benefit (expense) from an uncertain tax position only if it is more likely than not the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The Company recognizes interest expense and penalties related to income tax matters as part of the provision for income taxes. The Company recognizes deferred income taxes as the difference between the tax bases of assets and liabilities and their consolidated financial statement amounts based on enacted tax rates. Management judgment is required in the assessment of the recoverability of the Company’s deferred tax assets based on its assessment of projected taxable income. Numerous factors could affect the Company’s results of operations in the future. If there was a significant decline in the Company’s future operating results, its assessment of the recoverability of its deferred tax assets would need to be revised, and any such adjustment to its deferred tax assets would be charged to income in that period. If necessary, the Company records a valuation allowance to reduce deferred tax assets to an amount management believes is more likely than not to be realized. Changes in estimates of taxable income in the future could result in reversal of the valuation allowances which would be credited to income in the year of reversal. The Company provides U.S. taxes on foreign undistributed earnings that are not considered to be permanently reinvested outside the United States. In November 2015, the FASB issued ASU 2015-17, to simplify the presentation of deferred income taxes, which requires that deferred tax liabilities and assets be classified as noncurrent in a classified statement of financial position. The amendments in this Update apply to all entities that present a classified statement of financial position. The current requirement that deferred tax liabilities and assets of a tax-paying component of an entity be offset and presented as a single amount is not affected by the amendments in this Update and within a particular tax jurisdiction. The Company has elected to adopt ASU 2015-17 prospectively in the fourth quarter of 2016. As a result, the Company has presented all deferred tax assets and liabilities as non-current on the Company’s consolidated balance sheet as of December 31, 2016. There was no impact on the Company’s results of operations as a result of the adoption of ASU 2015-17.
Financial Instruments:	Financial Instruments: Financial instruments consist of cash and cash equivalents, short and long-term investments, notes receivable, accounts receivable and payable and accrued liabilities. The carrying amounts of cash and cash equivalents, bank notes, accounts receivable and payable, notes receivable, and accrued liabilities approximate their fair values because of the short-term nature of those instruments. The fair value of long term investments in debt and equity securities is determined based on quoted market prices or available information about investees.
Foreign Currency Translation:	Foreign Currency Translation: The Company’s operations are conducted through international subsidiaries where the local currency is the functional currency and the financial statements of those subsidiaries are translated from their respective functional currencies into U.S. Dollars which is the functional currency of the Company. All foreign currency assets and liabilities are translated at the period-end exchange rate and all revenues and expenses are translated at the average exchange rate for the period. The effects of translating the financial statements of foreign subsidiaries into U.S. Dollars are reported as a cumulative translation adjustment, a separate component of accumulated other comprehensive income in stockholders’ equity. The foreign currency translation gain (loss) related to the remeasurement of transactions denominated in other than the functional currency is included in other income (expenses), net on the Company’s Consolidated Statements of Operations and Comprehensive Loss. In connection with this remeasurement process, the Company recorded gains of $1.5 million, losses of $0.2 million and losses of $0.6 million in the years ended December 31, 2016, 2015 and 2014, respectively.
Earnings per Share:	Earnings per Share: Basic earnings per share is computed by dividing the net loss available to holders by the weighted average number of the Company’s ordinary shares outstanding, as applicable, during the period, which excludes unvested restricted stock. Diluted earnings per share reflects the amount of net loss available to each ordinary share outstanding during the period plus the number of additional shares that would have been outstanding if potentially dilutive securities had been issued. The Company’s potentially dilutive ordinary shares include outstanding stock options, unvested restricted stock, restricted stock units and performance- based units. The following table summarizes the total potential ordinary shares that were excluded from the diluted per share calculation, because their effect was anti-dilutive. Years ended December 31, 2016 2015 2014 (in thousands) Anti-dilutive stock options and awards/units outstanding Total(1) (1) Calculated using the treasury stock method, which assumes proceeds are used to reduce the dilutive effect of outstanding stock awards. Assumed proceeds include the unrecognized deferred compensation of share awards, and assumed tax proceeds from excess stock-based compensation deductions. For the years ended December 31, 2015, and 2014, no potential ordinary shares were dilutive because of the net loss incurred in those years, therefore basic and dilutive EPS were the same. For the year ended December 31, 2016, 1.4 million potential ordinary shares were dilutive. After the dilution, the diluted earnings per share during the year ended December 31, 2016 was as following. 2016 Net Income attributable to UTStarcom Holding Corp. $ Weighted average shares outstanding—Diluted Net Income per shares attributable to UTStarcom Holding Corp.—Diluted $
Recent Accounting Pronouncements:	Recent Accounting Pronouncements: In May 2014, the FASB issued ASU 2014-09, “Revenue from Contracts with Customers (Topic 606).” (“ASU 2014-09”). The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. ASU 2014-09 supersedes most existing revenue recognition guidance in US GAAP. In August 2015, the FASB issued ASU 2015-14, Revenue from Contracts with Customers (Topic 606): Deferral of Effective Date (“ASU 2015-14”), which defers the effective date of ASU 2014-09 to January 1, 2018 for the Company. Early adoption is permitted. The Company expects to adopt ASU 2014-09 utilizing the modified retrospective method in the first quarter of 2018. The Company is in the process of reviewing revenue contracts across each revenue stream and continues to evaluate the impact the standard would have on each revenue stream. As a result of our evaluation performed to date, we do not expect that the new guidance will have a material impact on the timing and/or amount of revenue that we recognize on our contracts. In addition, we are in the preliminary stage of designing and implementing appropriate changes to our business processes, system, and internal controls to support recognition and disclosure under the new standard. We continue to monitor additional authoritative or interpretive guidance related to the new standard as it becomes available, as well as comparing our conclusions on specific interpretative issues to other peers in our industry, to the extent that such information is available to us. In January 2016, the FASB issued ASU 2016-01, “ Financial Instruments-Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities (“ASU 2016-01”)”. The standard addresses certain aspects of recognition, measurement, presentation, and disclosure of financial instruments. ASU 2016-01 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2017. The Company evaluated the impact of adopting the new standard on its consolidated financial statements and conclude there was no material impact to the Company’s financial statement. In February 2016, the FASB issued ASU 2016-02, “Lease (Topic 842) ”, which amends recognition of lease assets and lease liabilities by lessees for those leases classified as operating leases. This standard will take effect for public companies for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018. While the Company is still evaluating the impact of our pending adoption of the new standard on our consolidated financial statements, the Company expect that upon adoption the Company will recognize Right-Of-Use (“ROU”) assets and lease liabilities and that the amount could be material. The Company is still evaluating the impact of the adoption of ASU 2016-02 will have on its consolidated financial statements. In March 2016, the FASB issued ASU 2016-09, “ Compensation-Stock Compensation (Topic 718) ”, effective for annual periods beginning after December 15, 2016, and interim periods within those annual periods, to simplify several aspects of the accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. Early adoption is permitted. The Company adopted the new standard on its consolidated financial statements, and there was no material impact to the Company’s financial statements. In August 2016, the FASB issued ASU 2016-15, “ Statement of Cash flows -—Classification of Certain Cash Receipts and Cash Payment” , effective for the fiscal years beginning after December 15, 2017, and interim periods within that fiscal year. This Update addresses eight specific cash flow issues with the objective of reducing the existing diversity in practice. The Company evaluated the impact of adopting the new standard on its consolidated financial statements and conclude there was no material impact to the Company’s financial statement. In October 2016, the FASB issued ASU 2016-16, “ Income Tax (Topic 740): Intra-Entity Transfer of Assets Other Than Inventory ”, effective for annual reporting periods beginning after December 15, 2017, including the interim reporting periods within those annual reporting periods. This update eliminates the exception for an intra-entity transfer of an asset other than inventory. The Company evaluated the impact of adopting the new standard on its consolidated financial statements and conclude there was no material impact to the Company’s financial statement. In November 2016, the FASB issued ASU 2016-18, “ Statement of Cash Flows-— Restricted Cash (a consensus of the FASB Emerging Issues Task Force) ”, effective for fiscal years beginning after December 15, 2017, and interim periods within that fiscal year. The standard addresses whether restricted cash and restricted cash equivalents should be included with cash and cash equivalents when reconciling the beginning-of-period and end-of-period total amounts shown on the statement of cash flows. The Company evaluated the impact of adopting the new standard on its consolidated financial statements and conclude there was no material impact to the Company’s financial statement. In January, 2017, the FASB issued 2017-01 “ Business Combinations ”, effective for the annual reporting period beginning after December 15, 2017, and interim period within that period. This Updated clarifies the definition of a business with the objective of adding guidance to assist entities with evaluating whether transactions should be accounted for as acquisitions of assets or business. The Company evaluated the impact of adopting the new standard on its consolidated financial statements and conclude there was no material impact to the Company’s financial statement. In February 2017, the FASB issued ASU 2017-05 “ Other Income—Gains and Losses from the Derecognition of Nonfinancial Assets (Subtopic 610-20) ”, effective for the annual reporting period beginning after the December 15, 2017, including the interim reporting period within that period. This update provides guidance on the recognition of gains and losses on transfers of nonfinancial assets and in substance nonfinancial assets to counterparties that are not customers. The Company evaluated the impact of adopting the new standard on its consolidated financial statements and conclude there was no material impact to the Company’s financial statement. In May 2017, the FASB issued ASU 2017-09 “ Compensation—Stock Compensation (Topic 718) , effective for the annual report period beginning after the December 15, 2017, including the interim reporting period within that period. This update provides guidance about which changes to the terms or conditions of a share-based payment award require an entity to apply modification accounting in Topic 718. The Company evaluated the impact of adopting the new standard on its consolidated financial statements and conclude there was no material impact to the Company’s financial statement.

BASIS OF PRESENTATION, LIQUID27

BASIS OF PRESENTATION, LIQUIDITY (Tables)	12 Months Ended
	Dec. 31, 2016
BASIS OF PRESENTATION, LIQUIDITY
Schedule of impact of the changes to our Consolidated Financial Statement line items	December 31, Previously Adjustment Restated In ASSETS Current assets: Cash and cash equivalents $ — $ Accounts receivable, net of allowances for doubtful accounts of $4,564 — Inventories — Deferred costs — Prepaids and other current assets — Short-term restricted cash — Total current assets — Property, plant and equipment, net — Long-term investments ) Long-term deferred costs — Long-term deferred tax assets — Other long-term assets — Total assets ) LIABILITIES AND EQUITY Current liabilities: Accounts payable — Income taxes payable — Customer advances — Deferred revenue — Deferred tax liabilities — Other current liabilities — Total current liabilities — Long-term deferred revenue — Other long-term liabilities — Total liabilities — Commitments and contingencies (Note 12) UTStarcom Holdings Corp. shareholders’ equity: Ordinary shares: $0.00375 par value; 250,000 authorized shares; 38,465 shares issued at December 31, 2015, respectively; 36,735 shares outstanding at December 31, 2015 — Additional paid-in capital — Treasury stock, at cost: 1,730 shares at December 31, 2015 ) — ) Accumulated deficit ) ) ) Accumulated other comprehensive income — Total UTStarcom Holdings Corp. shareholders’ equity ) Total liabilities and equity $ $ ) $ Years ended December 31, Previously Adjustment Restated (In thousands, except per Net sales Products $ — $ Services — — Cost of net sales Products — Services — Gross profit — Operating expenses: Selling, general and administrative — Research and development — Total operating expenses — Operating loss ) — ) Interest income — Interest expense ) — ) Other income, net — Equity pick up of loss of associates ) — ) Investment Impairment ) ) ) Loss before income taxes ) ) ) Income tax benefit — Net loss ) ) ) Net loss attributable to non-controlling interests — — — Net loss attributable to UTStarcom Holdings Corp. $ ) $ ) $ ) Net loss per share attributable to UTStarcom Holdings Corp.—Basic and Diluted $ ) $ ) $ ) Weighted average shares outstanding—Basic and Diluted Years ended December 31, 2015 Previously Adjustment Restated (In CASH FLOWS FROM OPERATING ACTIVITIES: Net loss $ ) $ ) $ ) Adjustments to reconcile net income (loss) to net cash used in operating activities: Depreciation — Net loss on disposal of assets — Reversal of tax payable ) — ) Equity pick up of losses of an associate — Investment Impairment Gain on sale of short- term investment ) — ) Stock‑based compensation expense — Provision for doubtful accounts — Deferred income taxes — Assets impairment ) — ) Changes in operating assets and liabilities Accounts receivable ) — ) Inventories and deferred costs — Other assets — Accounts payable ) — ) Income taxes payable — Customer advances ) — ) Deferred revenue ) — ) Other liabilities ) — ) Net cash used in operating activities ) — ) CASH FLOWS FROM INVESTING ACTIVITIES: Additions to property, plant and equipment ) — ) Change in restricted cash — Purchase of investment interests ) — ) Proceeds from refund of investment interests — Proceeds from sale of short-term investments — Net cash provided by investing activities — CASH FLOWS FROM FINANCING ACTIVITIES: Issuance of ordinary shares — Repurchase of ordinary shares ) — ) Net cash used in financing activities ) — ) Effect of exchange rate changes on cash and cash equivalents ) — ) Net decrease in cash and cash equivalents ) — ) Cash and cash equivalents at beginning of year — Cash and cash equivalents at end of year $ — $

SUMMARY OF SIGNIFICANT ACCOUN28

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Dec. 31, 2016
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Schedule of useful lives of property, plant and equipment	Years Equipment and furniture 5 Computers and software 2 - 3 Automobiles 5 Leasehold improvements Lesser of the term of the lease or the estimated useful life
Schedule of changes in AOCI, including the amounts reclassified to income	Foreign currency (in thousands) Balance at December 31, 2014 $ Loss recorded in other comprehensive loss ) Unrealized loss from available-for-sale investments ) Balance at December 31, 2015 $ Gain recorded in other comprehensive income Gain reclassified from AOCI to income ) Balance at December 31, 2016 $
Summary of the total potential ordinary shares that were excluded from the diluted per share calculation	Years ended December 31, 2016 2015 2014 (in thousands) Anti-dilutive stock options and awards/units outstanding Total(1) (1) Calculated using the treasury stock method, which assumes proceeds are used to reduce the dilutive effect of outstanding stock awards. Assumed proceeds include the unrecognized deferred compensation of share awards, and assumed tax proceeds from excess stock-based compensation deductions.
Schedule of diluted earnings per share	2016 Net Income attributable to UTStarcom Holding Corp. $ Weighted average shares outstanding—Diluted Net Income per shares attributable to UTStarcom Holding Corp.—Diluted $

DIVESTITURES (Tables)

DIVESTITURES (Tables)	12 Months Ended
	Dec. 31, 2016
DIVESTITURES
Schedule of liabilities and assets related to un-assigned customer contracts	The following is a summary of the assets and liabilities related to the un-assigned customer contracts as of August 31, 2012 (in millions): Million Deferred revenues $ Customer advances Total liabilities associated with the un-assigned IPTV contracts $ Deferred contract costs Deferred contract service costs to Buyer Total assets associated with the un-assigned IPTV contracts $

COMPREHENSIVE LOSS (Tables)

COMPREHENSIVE LOSS (Tables)	12 Months Ended
	Dec. 31, 2016
COMPREHENSIVE LOSS
Schedule of total comprehensive loss	Years ended December 31, 2016 2015 2014 (Restated) (in thousands) Net income (loss) $ $ ) $ ) Other comprehensive loss Unrealized gain (loss) from available-for-sale investments — ) Net Change in Foreign currency translation ) ) Total comprehensive income (loss) ) ) Comprehensive loss attributable to non-controlling interests (1) — — Comprehensive income (loss) attributable to UTStarcom Holdings Corp $ $ ) $ ) (1) Comprehensive loss attributable to non-controlling interests consisted solely of net loss.

BALANCE SHEET DETAILS (Tables)

BALANCE SHEET DETAILS (Tables)	12 Months Ended
	Dec. 31, 2016
BALANCE SHEET DETAILS
Schedule of inventories	December 31, December 31, (in thousands) Inventories: Raw materials $ $ Work in process Finished goods (1) Total Inventory $ $ (1) Includes finished goods at customer sites of approximately $14.5 million and $8.3 million at December 31, 2016 and 2015, respectively, for which the customer has taken possession, but based on specific contractual terms, title has not yet passed to the customer and for which revenue has not yet been recognized.
Schedule of prepaid and other current assets	December 31, December 31, (in thousands) Prepaid and other current assets Prepaid tax $ $ Advance to suppliers Deferred taxes-current — Other receivable (1) Prepaid others Total Prepaid and other current assets $ $ (1) The other receivable balance includes loans to UiTV of approximately $2.3 million as of December 31, 2015. The Company paid $1.08 million in July and August of 2014, paid $1.17 million in January and February of 2015. UiTV used this amount to purchase Set Top Boxes for the Internet television service in Thailand. Pursuant to the contract, UiTV repays in installments, starting from January of 2015 to July of 2018.The Company performed an assessment on the need for a valuation reserve due to collectability risk and $2.3 million was reserved as of December 31, 2015. In 2016, there was no such item included in the other receivable balance.
Schedule of property, plant and equipment, net	December 31, December 31, (in thousands) Property, plant and equipment, net: Leasehold improvements $ $ Automobiles Software Computer, Equipment and Furniture Other Total Less: accumulated depreciation ) ) Total Property, plant and equipment, net $ $
Schedule of other current liabilities	December 31, December 31, (in thousands) Other current liabilities: Accrued contract costs (1) $ $ Accrued payroll and compensation Warranty costs Accrued professional fees Accrued other taxes Other Total other current liabilities $ $ (1) The accrued contract costs include $2.9 million cost related to India equipment contract as of December 31, 2016.
Schedule of other long-term liabilities	December 31, December 31, (in thousands) Other long-term liabilities Non-current income tax payable $ $ Other Total other long-term liabilities $ $

CASH, CASH EQUIVALENTS AND SH32

CASH, CASH EQUIVALENTS AND SHORT AND LONG TERM INVESTMENTS (Tables)	12 Months Ended
	Dec. 31, 2016
CASH, CASH EQUIVALENTS AND SHORT AND LONG TERM INVESTMENTS
Schedule showing break-down of the Company's total investments	Accounting December 31, December 31, (Restated) (in thousands) Cortina Cost Method $ — $ — GCT Semiconductor, Inc. Cost Method — Xalted Networks Cost Method — — UTStarcom Hong Kong Holdings Ltd Cost Method SBI Cost Method — Total Investments using Cost Method ACELAND Equity Method UiTV Equity Method — — Shareholder Loan to ACELAND Equity Method — Total Investments using Equity Method AioTV AFS SBI AFS — Total Investments Classified as AFS Total Investment $ $ Less :Short-term investment SBI AFS — Short-term Investment $ $ — Long-term Investment $ $
Summary of condensed financial information of equity method investees	Condensed Condensed Condensed (In thousands) (In thousands) (In thousands) Operating data: Revenue $ — $ — $ — Gross profit $ — $ — $ — Income (loss) from operations $ $ ( 9) $ ) Net income (loss) $ $ ( 9) $ ) Net income (loss) attributable to Equity method investees $ $ ( 3) $ ) Year Ended Year Ended Year Ended (In thousands) (In thousands) (In thousands) Balance sheet data: Current assets $ $ $ Long-term assets $ $ $ Current liabilities $ ) $ ) $ ) Long-term liabilities $ — $ — $ — Non-controlling interests $ — $ — $ —
Summary of available-for-sale investments	The following is a summary of available-for-sale investment as of December 31,2016: Cost Cash Impairment Transfer-out Realized Estimated (in thousands) Security of a private company $ $ — $ — $ — $ — $ Convertible bonds of privately-held company — — — — Preferred convertible shares of privately-held company — ) — — Total available-for-sale investments $ $ — $ ) $ — $ — $ The following is a summary of available-for-sale investments as of December 31, 2015: Cost Cash Impairment Transfer-out Realized Estimated (in thousands) Security of a public company $ $ ) $ — $ — $ — $ — Convertible bonds of privately-held company ) ) ) ) Preferred convertible shares of privately-held company — ) — — Total available-for-sale investments $ $ ) $ ) $ ) $ ) $
Schedule of financial assets measured and recognized at fair value on a recurring basis and classified under the appropriate level of the fair value hierarchy	Level 1 Level 2 Level 3 Total (in thousands) As of December 31, 2015 Short-term investments $ — $ — $ — $ — Long-term investments — — As of December 31, 2016 Short-term investments — — Long-term investments $ — $ — $ $
Schedule of changes in financial assets using unobservable inputs (Level 3)	Amount As of December 31, 2013 $ Less: Share of loss from Associates ) Less: Impairment Charges ) Add: Unrealized gain As of December 31, 2014 $ Less: Share of loss from Associates ) Less: Impairment Charges ) Less: Cash Collection ) Less: Transfer-out from available-for-sale investments ) Add: New invest in convertible bond Add: Unrealized gain ) As of December 31, 2015 $ Less: Impairment Charges ) Add: New invest in convertible bond As of December 31, 2016 $
AioTV
CASH, CASH EQUIVALENTS AND SHORT AND LONG TERM INVESTMENTS
Schedule of significant inputs for the valuation model used to estimate fair value of investments	Year Ended Year Ended December 31, December 31, 2016 2015 Total fair value of invested Capital as at valuation date (in thousands) Risk free rate of interest % % Dividend yield % % Expiration date 2017/11/14 2017/11/14 Volatility % %

WARRANTY OBLIGATIONS AND OTHE33

WARRANTY OBLIGATIONS AND OTHER GUARANTEES (Tables)	12 Months Ended
	Dec. 31, 2016
WARRANTY OBLIGATIONS AND OTHER GUARANTEES
Summary of the activity related to warranty obligations	(In thousands) Balance at December 31, 2013 $ Accruals for warranties issued during the period (benefit from expirations), net ) Settlements made during the period ) Balance at December 31, 2014 $ Accruals for warranties issued during the period (benefit from expirations), net ) Settlements made during the period ) Balance at December 31, 2015 $ Accruals for warranties issued during the period (benefit from expirations), net ) Settlements made during the period ) Balance at December 31, 2016 $

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	12 Months Ended
	Dec. 31, 2016
COMMITMENTS AND CONTINGENCIES
Schedule of future minimum lease payments under all non-cancelable operating leases with an initial term in excess of one year	Future minimum lease payments under all non-cancelable operating leases with an initial term in excess of one year as of December 31, 2016 are as follows: Amount (in thousands) 2017 $ 2018 2019 2020 2021 Thereafter — Total $

COMMON STOCK AND STOCK INCENT35

COMMON STOCK AND STOCK INCENTIVE PLANS (Tables)	12 Months Ended
	Dec. 31, 2016
COMMON STOCK AND STOCK INCENTIVE PLANS
Summary of stock options activity	Number of Weighted (in thousands) Options Outstanding, December 31, 2013 $ Options Granted Options Exercised — — Options Forfeited or Expired ) Options Outstanding, December 31, 2014 $ Options Granted — — Options Exercised ) Options Forfeited or Expired ) Options Outstanding, December 31, 2015 $ Options Granted Options Exercised — — Options Forfeited or Expired ) Options Outstanding, December 31, 2016 $
Summary of unvested restricted awards	Shares Weighted (in thousands) Total nonvested restricted stock at December 31, 2013 $ Granted $ Vested ) $ Forfeited ) $ Total nonvested restricted stock at December 31, 2014 $ Granted $ Vested ) $ Forfeited ) $ Total nonvested restricted stock at December 31, 2015 $ Granted $ Vested ) $ Forfeited ) $ Total nonvested restricted stock at December 31, 2016 $
Summary of significant ranges of outstanding and exercisable stock options	Weighted Number Average Weighted Number Weighted Range of Outstanding Remaining Average Exercisable Average Exercise Prices as of 12/31/16 Contractual Term Exercise Price as of 12/31/16 Exercise Price $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ Number of shares Weighted average exercise Options exercisable at December 31, 2016 $ Options vested and expected to vest at December 31, 2016 $
Summary of the assumptions used in the estimating the fair values of stock-based payment awards excluding non-employee	Years ended December 31, Stock Options: 2016 2015 2014 Expected term in years Weighted average risk-free interest rate % % % Expected dividend rate % % % Volatility % % %
Summary of the stock-based compensation expense recognized in the Company's Consolidated Statement of Operations	Years ended December 31, 2016 2015 2014 (in thousands) Cost of net sales $ $ $ Selling, general and administrative Research and development Total $ $ $

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2016
INCOME TAXES
Schedule of United States and foreign income (loss) before income taxes and minority interest	Years Ended December 31, 2016 2015 2014 (Restated) (in thousands) United States $ $ $ ) Foreign ) ) ) $ $ ) $ )
Schedule of components of the provision (benefit) for income taxes	Years Ended December 31, 2016 2015 2014 (in thousands) Current Federal $ — $ — $ — State — — — Foreign ) Total Current tax expense (benefit) ) Deferred Federal — — — State — — — Foreign ) Total Deferred tax expense (benefit) ) Total tax expense (benefit) $ $ ) $
Summary of unrecognized tax benefits	Years Ended December 31, 2016 2015 2014 (in thousands) Beginning balance-gross unrecognized tax benefits (UTB’s) $ $ $ Additions based on tax positions related to the current year — Reductions based on tax positions related to the current year — — — Additions for tax positions related to prior years — — — Reductions for tax positions related to prior years — ) ) Settlements — — — Lapse of statute of limitations ) ) — Ending balance—gross unrecognized tax benefits (UTB’s) UTB’s as a credit in deferred taxes ) ) ) Federal benefit of state taxes ) ) ) UTB’s that would impact the effective tax rate $ $ $
Summary of the components of net deferred tax assets	December 31, December 31, (Restated) (in thousands) Deferred Tax Assets Net operating loss carryforward Tax credit carryforwards Capital loss carryforwards — Written-down/amortization of intangible assets and goodwill Fixed assets Demo equipment income Prepaid expense Accrued warranties ) Other Total Deferred Tax Assets Deferred Tax Liabilities Allowances and reserves $ ) $ ) Other ) ) Total Deferred Tax Liabilities ) ) Total Deferred Tax Assets $ $ Less: Valuation Allowance $ ) $ ) Net Deferred Tax Assets $ $
Schedule of reconciliation of effective income tax rate and the federal statutory rate	Years Ended December 31, 2016 2015 2014 (in thousands) Federal tax expenses (benefit) at statutory rate $ $ ) $ ) State tax (benefit)/expense, net of federal income tax benefit — — Stock compensation expense Effect of differences in foreign tax rates ) FASB Interpretation No.48” Accounting for Uncertainty in Income taxes” reserve ) ) Change in deferred tax valuation allowance ) Tax credits — — ) Other Total Tax Expense (benefit) $ $ ) $

OTHER INCOME (EXPENSES), NET (T

OTHER INCOME (EXPENSES), NET (Tables)	12 Months Ended
	Dec. 31, 2016
OTHER INCOME (EXPENSES), NET
Schedule of components of other income (expenses), net	Years ended December 31, 2016 2015 2014 (in thousands) Foreign exchange gains (loss) $ $ ) $ ) Gain (loss) from the currency translation adjustment — ) Tax reversal for expiration of the statute of limitations (1) — ESA loan impairment (2) — ) ESA loan interest (2) — — Realized investment gain (3) — UiTV loan impairment (4) — ) — Other Total $ $ $ ) (1) Previously, when the Company divested its Korean subsidiary, the Company provided a tax reserve as it offered indemnification to the buyer for the uncertain tax position arising in the periods before the divestiture. In 2014, approximately $1.0 million of such tax reserve was released due to expiration of statute of limitations. In 2016, approximately $0.8 million of such tax reserve was released due to expiration of statute of limitations. (2) The Company signed the loan agreement to for a total amount of $5.6 million in the fourth quarter of 2012, $4.0 million was drawdown in the fourth quarter of 2012 and the remaining in the first quarter of 2013. The loan bears interest at 20% per annum and originally matured on December 31, 2013, with subsequently extended the maturity date on 50% of the loan, or $2.8 million, to June 30, 2014, and the other half extended to December 31, 2014. In the fourth quarter of 2014, the Company received $0.8 million. The Company has performed an assessment on the need for a valuation reserve and $2.8 million was charged as impairment in other expenses in 2014 as the collection term was due. In the third quarter of 2015, the Company received $6.0 million, including $1.1 interest income. Accordingly, $2.8 million reserve was reversed and recorded in Other income (expense), net. Therefore, all the principal of the outstanding entrusted loan was collected and the contract was closed. (3) The Company received 124,395 shares of Inphi on November 14, 2014 to exchange for the 1% interest in Cortina. Management assessed the shares and classified them as available-for-sale securities and subject to fair value accounting. As of December 31, 2014, the fair value of the shares was $2.3 million, which results in an unrealized gain of $0.5 million in Other Comprehensive Income. In the first quarter of 2015, the Company sold the 124,395 shares of Inphi stock with a total cash consideration of $2.4 million, which resulted in a realized gain of $0.6million in Other Income. In the second quarter of 2015, the Company also received $0.7 million in cash proceeds in connection with the sale of assets that had a $0 net carrying value, resulting in a realized gain in Other Income. In the fourth quarter of 2015, another $0.3 million was released from escrow deposited by Inphi during the transaction and the Company recorded as a realized gain in Other Income. In the second quarter of 2016, another $0.1million was released from escrow deposited by Inphi during the transaction and the Company recorded as a realized gain in Other Income. (4) The other receivable balance includes loans to UiTV of approximately $2.3 million as of December 31, 2015. UiTV used this amount to purchase Set Top Boxes for the Internet television service in Thailand. Pursuant to the contract, UiTV repays in installments, starting from January of 2015 to July of 2018. The Company has performed an assessment on the need for a valuation reserve due to collectability risk and $2.3 million was reserved as of December 31, 2015. In 2016, there was no such item included in the other receivable balance. Considering the UiTV’s current business operating and finance statues, the Company did not expect to receive the bonds in the 2017 and 2018.

NET INCOME (LOSS) PER SHARE (Ta

NET INCOME (LOSS) PER SHARE (Tables)	12 Months Ended
	Dec. 31, 2016
NET INCOME (LOSS) PER SHARE
Schedule of computation of basic and diluted net loss per share	Years Ended December 31, 2016 2015 2014 (Restated) (in thousands) Numerator: Net income (loss) attributable to UTStarcom Holdings Corp. $ $ ) $ ) Denominator: Weighted average shares outstanding-Basic Potentially dilutive common stock equivalents-stock options and restricted stock — — Weighted average shares outstanding-Diluted Net Income(loss) per share attributable to UTStarcom Holdings Corp.- Basic $ $ ) $ ) Net Income(loss) per share attributable to UTStarcom Holdings Corp.-Diluted $ $ ) $ )

SEGMENT REPORTING (Tables)

SEGMENT REPORTING (Tables)	12 Months Ended
	Dec. 31, 2016
SEGMENT REPORTING
Summary of the Company's segment net sales, gross profit and income (loss) before income taxes	Years ended December 31, Net Sales by 2016 % 2015 % 2014 % of (in thousands, except percentages) Equipment $ % $ % $ % Services % % % Total Sales $ % $ % $ % Years ended December 31, Gross profit/(loss) by 2016 Gross 2015 Gross 2014 Gross (in thousands, except percentages) Equipment $ % $ % $ % Services % % % Total Gross profit $ % $ % $ % Years ended December 31, Segment Margin and Income ( loss )before income taxes 2016 2015 2014 (in thousands) Equipment $ $ $ Services Total General and Corporate ) ) ) Income (loss) before income taxes $ $ ) $ )
Schedule of sales data by geographical area	Years Ended December 31, 2016 % of net 2015 % of net 2014 % of net (in thousands, except percentages) Net Sales by Region China $ % $ % $ % Japan % % % India % % % Taiwan % % % Other % % % Total $ % $ % $ %
Schedule of long-lived assets, consisting of property, plant and equipment, by geographical area	December 31, 2016 2015 (in thousands) China $ $ Other Total long-lived assets $ $

CREDIT RISK AND CONCENTRATION (

CREDIT RISK AND CONCENTRATION (Tables)	12 Months Ended
	Dec. 31, 2016
CREDIT RISK AND CONCENTRATION
Schedule of customers accounted for 10% or more of the Company's net revenues	For the years ended 2016 2015 2014 Softbank and affiliates % % % Bharat Sanchar Nigam LTD and affiliates % % %

BASIS OF PRESENTATION, LIQUID41

BASIS OF PRESENTATION, LIQUIDITY (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Net income (loss) attributable to UTStarcom Holdings Corp.	$ 290	$ (27,158)	$ (30,264)
Accumulated deficit	1,233,154	1,233,444
Net cash inflow (outflows) from operations	5,732	(11,636)	(15,612)
Cash and cash equivalents	83,922	77,050	$ 77,824	$ 107,773
Working capital	75,900
Subsidiaries | China
Cash and cash equivalents	13,500	$ 19,800
Accumulated profit determined in accordance with accounting standards of a particular country that can be paid as dividends	$ 0

BASIS OF PRESENTATION, LIQUID42

BASIS OF PRESENTATION, LIQUIDITY - Adjustment (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2016	Dec. 31, 2015
Current assets:
Cash and cash equivalents	$ 77,050	$ 77,824	$ 107,773	$ 83,922	$ 77,050
Accounts receivable, net of allowances for doubtful accounts of $4,564				18,329	17,936
Inventories				22,577	17,470
Deferred costs				19,319	25,499
Prepaid and other current assets				6,995	11,388
Short-term restricted cash				11,397	12,264
Total current assets				163,018	161,607
Property, plant and equipment, net				1,610	1,510
Long-term investments				7,753	19,521
Long-term deferred costs				276	332
Long-term deferred tax assets				2,049	11,193
Other long-term assets				3,997	4,216
Total assets				178,703	198,379
Current liabilities:
Accounts payable				22,480	16,400
Income taxes payable				8,140	9,906
Customer advances				29,046	30,976
Deferred revenue				10,779	16,965
Deferred tax liabilities					9,779
Other current liabilities				16,723	13,763
Total current liabilities				87,168	97,789
Long-term deferred revenue				3,813	8,554
Other long-term liabilities				4,981	8,259
Total liabilities				95,962	114,602
Commitments and contingencies (Note 12)
UTStarcom Holdings Corp. shareholders' equity:
Ordinary shares: $0.00375 par value; 250,000 authorized shares; 38,465 shares issued at December 31, 2015, respectively; 36,735 shares outstanding at December 31, 2015				122	122
Additional paid-in capital				1,262,005	1,259,767
Treasury stock, at cost: 1,730 shares at December 31, 2015				(8,234)	(4,138)
Accumulated deficit				(1,233,154)	(1,233,444)
Accumulated other comprehensive income				62,002	61,470
Shareholders' equity				82,741	83,777
Total liabilities and equity				178,703	198,379
Allowances for doubtful accounts (in dollars)				$ 2,339	$ 4,564
Ordinary share, par value (in dollars per share)				$ 0.00375	$ 0.00375
Ordinary share, authorized shares				250,000	250,000
Ordinary share, shares issued				39,009	38,465
Ordinary share, shares outstanding				35,225	36,735
Treasury shares				3,784	1,730
Net sales
Products	61,735	87,361	105,988
Services	24,777	29,742	23,432
Total net sales	86,512	117,103	129,420
Cost of net sales
Products	41,472	65,891	84,988
Services	16,684	23,344	22,304
Gross profit	28,356	27,868	22,128
Operating expenses:
Selling, general and administrative	18,146	21,515	24,515
Research and development	8,502	11,342	11,686
Total operating expenses	26,648	32,857	36,201
Operating income (loss)	1,708	(4,989)	(14,073)
Interest income	871	557	589
Interest expense	(55)	(76)	(88)
Other income, net	2,748	3,489	(2,249)
Equity pick up of gain (loss) of an associate	984	(13,954)	(8,878)
Investment impairment	(5,336)	(16,347)	(3,947)
Income (loss) before income taxes	920	(31,320)	(28,646)
Income tax benefit	(788)	4,162	(1,618)
Net income (loss)	132	(27,158)	(30,264)
Net loss attributable to non-controlling interests	158
Net income (loss) attributable to UTStarcom Holdings Corp.	290	$ (27,158)	(30,264)
Net loss per share attributable to UTStarcom Holdings Corp.-Basic and Diluted		$ (0.74)
Weighted average shares outstanding-Basic and Diluted		37,003
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	132	$ (27,158)	(30,264)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation	1,208	2,202	2,654
Net loss on disposal of assets	(62)	180	219
Gain on CTA recognition	38		(121)
Reversal of tax payable	(3,272)	(7,747)	(992)
Equity pick up of losses of an associate	(984)	13,954	8,878
Investment impairment	5,336	16,347	3,947
Gain on sale of short- term investment	(83)	(1,529)
Stock-based compensation expense	2,238	1,546	2,289
Provision for doubtful accounts	1,564	79	49
Assets impairment		(538)	2,788
Deferred income taxes	771	1,030	(424)
Changes in operating assets and liabilities
Accounts receivable	(1,966)	(1,491)	6,332
Inventories and deferred costs	(190)	35,973	36,859
Other assets	2,821	1,558	(772)
Accounts payable	7,393	(12,233)	6,415
Income taxes payable	(751)	3,369	(3,390)
Customer advances	(1,054)	(17,352)	(25,759)
Deferred revenue	(10,556)	(18,610)	(18,788)
Other liabilities	3,225	(1,216)	(5,774)
Net cash provided by (used in) operating activities	5,732	(11,636)	(15,612)
CASH FLOWS FROM INVESTING ACTIVITIES:
Additions to property, plant and equipment	(1,527)	(917)	(1,298)
Payment on divestitures			(804)
Change in restricted cash	1,322	707	(3,526)
Purchase of investment interests	(300)	(1,670)	(1,080)
Proceeds from refund of investment interests	7,683	16,228	932
Proceeds from sale of short-term investments		3,076
Net cash provided by (used in) investing activities	7,263	17,424	(5,776)
CASH FLOWS FROM FINANCING ACTIVITIES:
Issuance of ordinary shares		39	5,340
Repurchase of ordinary shares	(4,096)	(3,695)	(10,308)
Net cash used in financing activities	(4,400)	(3,656)	(4,968)
Effect of exchange rate changes on cash and cash equivalents	(1,723)	(2,906)	(3,593)
Net increase (decrease) in cash and cash equivalents	6,872	(774)	(29,949)
Cash and cash equivalents at beginning of year	77,050	77,824	107,773
Cash and cash equivalents at end of year	83,922	77,050	77,824
UTStarcom Hong Kong Holdings Ltd | Convertible bonds of privately-held company
Restatement
Impairment on investment		6,500
Previously Reported
Current assets:
Cash and cash equivalents	77,050	77,824	77,824		$ 77,050
Accounts receivable, net of allowances for doubtful accounts of $4,564					17,936
Inventories					17,470
Deferred costs					25,499
Prepaid and other current assets					11,388
Short-term restricted cash					12,264
Total current assets					161,607
Property, plant and equipment, net					1,510
Long-term investments					26,022
Long-term deferred costs					332
Long-term deferred tax assets					11,193
Other long-term assets					4,216
Total assets					204,880
Current liabilities:
Accounts payable					16,400
Income taxes payable					9,906
Customer advances					30,976
Deferred revenue					16,965
Deferred tax liabilities					9,779
Other current liabilities					13,763
Total current liabilities					97,789
Long-term deferred revenue					8,554
Other long-term liabilities					8,259
Total liabilities					114,602
Commitments and contingencies (Note 12)
UTStarcom Holdings Corp. shareholders' equity:
Ordinary shares: $0.00375 par value; 250,000 authorized shares; 38,465 shares issued at December 31, 2015, respectively; 36,735 shares outstanding at December 31, 2015					122
Additional paid-in capital					1,259,767
Treasury stock, at cost: 1,730 shares at December 31, 2015					(4,138)
Accumulated deficit					(1,226,943)
Accumulated other comprehensive income					61,470
Shareholders' equity					90,278
Total liabilities and equity					204,880
Net sales
Products		87,361
Services		29,742
Total net sales		117,103
Cost of net sales
Products		65,891
Services		23,344
Gross profit		27,868
Operating expenses:
Selling, general and administrative		21,515
Research and development		11,342
Total operating expenses		32,857
Operating income (loss)		(4,989)
Interest income		557
Interest expense		(76)
Other income, net		3,489
Equity pick up of gain (loss) of an associate		(13,954)
Investment impairment		(9,846)
Income (loss) before income taxes		(24,819)
Income tax benefit		4,162
Net income (loss)		(20,657)
Net income (loss) attributable to UTStarcom Holdings Corp.		$ (20,657)
Net loss per share attributable to UTStarcom Holdings Corp.-Basic and Diluted		$ (0.56)
Weighted average shares outstanding-Basic and Diluted		37,003
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss		$ (20,657)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation		2,202
Net loss on disposal of assets		180
Reversal of tax payable		(7,747)
Equity pick up of losses of an associate		13,954
Investment impairment		9,846
Gain on sale of short- term investment		(1,529)
Stock-based compensation expense		1,546
Provision for doubtful accounts		79
Assets impairment		(538)
Deferred income taxes		1,030
Changes in operating assets and liabilities
Accounts receivable		(1,491)
Inventories and deferred costs		35,973
Other assets		1,558
Accounts payable		(12,233)
Income taxes payable		3,369
Customer advances		(17,352)
Deferred revenue		(18,610)
Other liabilities		(1,216)
Net cash provided by (used in) operating activities		(11,636)
CASH FLOWS FROM INVESTING ACTIVITIES:
Additions to property, plant and equipment		(917)
Change in restricted cash		707
Purchase of investment interests		(1,670)
Proceeds from refund of investment interests		16,228
Proceeds from sale of short-term investments		3,076
Net cash provided by (used in) investing activities		17,424
CASH FLOWS FROM FINANCING ACTIVITIES:
Issuance of ordinary shares		39
Repurchase of ordinary shares		(3,695)
Net cash used in financing activities		(3,656)
Effect of exchange rate changes on cash and cash equivalents		(2,906)
Net increase (decrease) in cash and cash equivalents		(774)
Cash and cash equivalents at beginning of year	$ 77,050	77,824
Cash and cash equivalents at end of year		77,050	$ 77,824
Adjustment
Current assets:
Long-term investments					(6,501)
Total assets					(6,501)
Current liabilities:
Commitments and contingencies (Note 12)
UTStarcom Holdings Corp. shareholders' equity:
Accumulated deficit					(6,501)
Shareholders' equity					(6,501)
Total liabilities and equity					$ (6,501)
Operating expenses:
Investment impairment		(6,501)
Income (loss) before income taxes		(6,501)
Net income (loss)		(6,501)
Net income (loss) attributable to UTStarcom Holdings Corp.		$ (6,501)
Net loss per share attributable to UTStarcom Holdings Corp.-Basic and Diluted		$ (0.18)
Weighted average shares outstanding-Basic and Diluted		37,003
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss		$ (6,501)
Adjustments to reconcile net loss to net cash used in operating activities:
Investment impairment		$ 6,501

SUMMARY OF SIGNIFICANT ACCOUN43

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Cash and Cash Equivalents (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Cash and Cash Equivalents
Cash and cash equivalents	$ 83,922	$ 77,050	$ 77,824	$ 107,773
Subsidiaries | United States
Cash and Cash Equivalents
Cash and cash equivalents (as a percent)	36.40%	17.00%
Cash and cash equivalents	$ 30,600	$ 12,900
Subsidiaries | China
Cash and Cash Equivalents
Cash and cash equivalents (as a percent)	16.10%	26.00%
Cash and cash equivalents	$ 13,500	$ 19,800

SUMMARY OF SIGNIFICANT ACCOUN44

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Restricted Cash (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Restricted Cash
Short-term restricted cash	$ 11,397	$ 12,264
Other long-term assets
Restricted Cash
Long-term restricted cash	$ 3,300	$ 3,800

SUMMARY OF SIGNIFICANT ACCOUN45

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Revenue Recognition (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2012	Aug. 31, 2012	Dec. 31, 2011
Revenue Recognition
Current deferred revenue	$ 10,779	$ 16,965
Long-term deferred revenue	3,813	8,554
Disposed of by sale, not discontinued operations | IPTV divestiture
Revenue Recognition
Deferred revenue					$ 10,000
Gross profit impact from future revenue recognition of unassigned contracts	0
Revenues relating to un-assigned contracts	300	$ 3,600	$ 4,300
Liabilities related to un-assigned contracts	10,200				47,300
Deferred costs related to un-assigned contracts	$ 10,200				47,300
PAS Infrastructure Contracts
Revenue Recognition
Deferred revenue						$ 13,200
Deferred revenue released				$ 8,100
PAS Infrastructure Contracts | Disposed of by sale, not discontinued operations | IPTV divestiture
Revenue Recognition
Deferred revenue of disposal group					$ 5,100

SUMMARY OF SIGNIFICANT ACCOUN46

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Product Warranty (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Product Warranty
Warranty accrual reversals	$ 0.1	$ 0	$ 0.1
Minimum
Product Warranty
Warranty period	1 year
Period after sales to provide limited warranty services	2 years
Maximum
Product Warranty
Warranty period	2 years

SUMMARY OF SIGNIFICANT ACCOUN47

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Property, Plant and Equipment (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Property, Plant and Equipment
Depreciation	$ 1,208	$ 2,202	$ 2,654
Equipment and furniture
Property, Plant and Equipment
Useful lives	5 years
Computers and software | Minimum
Property, Plant and Equipment
Useful lives	2 years
Computers and software | Maximum
Property, Plant and Equipment
Useful lives	3 years
Automobiles
Property, Plant and Equipment
Useful lives	5 years

SUMMARY OF SIGNIFICANT ACCOUN48

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Other than Temporary Impairment on Investment and Advertising Costs (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Investment impairment	$ 5,336	$ 16,347	$ 3,947
Advertising costs	$ 100	$ 100	$ 100
Maximum
Initial operating lease terms	5 years

SUMMARY OF SIGNIFICANT ACCOUN49

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Accumulated Other Comprehensive Income (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2016USD ($)entity	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)entity
Changes in AOCI, including the amounts reclassified to income
Balance	$ 83,777	$ 115,329	$ 150,380
Gain reclassified from AOCI to income	(38)
Balance	$ 82,741	83,777	$ 115,329
Number of inactive Chinese entities liquidation | entity			3
Number of entities liquidated | entity	2
Net loss from the cumulative translation adjustment	$ 100		$ 100
AOCI Including Portion Attributable to Noncontrolling Interest
Changes in AOCI, including the amounts reclassified to income
Balance	61,470	63,754
Balance	62,002	61,470	$ 63,754
Foreign currency translation
Changes in AOCI, including the amounts reclassified to income
Gain (Loss) recorded in other comprehensive loss and Unrealized loss from available-for-sale investments	570	(1,611)
Unrealized gains (losses), net of tax
Changes in AOCI, including the amounts reclassified to income
Gain (Loss) recorded in other comprehensive loss and Unrealized loss from available-for-sale investments		(673)
AOCI Attributable to Noncontrolling Interest
Changes in AOCI, including the amounts reclassified to income
Balance	$ 0
Balance		$ 0

SUMMARY OF SIGNIFICANT ACCOUN50

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Accumulated Other Comprehensive Income, Acquisitions and Disposal of Investments (Details) - USD ($) $ in Millions	Nov. 14, 2014	Feb. 28, 2015	Jun. 30, 2016	Dec. 31, 2015	Jun. 30, 2015	Mar. 31, 2015	Sep. 30, 2014	Dec. 31, 2015	Dec. 31, 2014
Cortina
Accumulated Other Comprehensive Income
Cost-method Investments, Realized Losses, Excluding Other than Temporary Impairments							$ 1.5
Investment, ownership interest (as a percent)	1.00%
Inphi Corporation
Accumulated Other Comprehensive Income
Number of shares received in exchange for investment	124,395
Fair value of investment									$ 2.3
Unrealized gain from available-for-sale investments									$ 0.5
Number of shares of equity securities sold		124,395				124,395
Cash consideration		$ 2.4				$ 2.4
Realized gain on other income		$ 0.6				$ 0.6
Cash proceeds from sale of assets					$ 0.7			$ 1
Net carrying value of assets sold				$ 0	$ 0			$ 0
Escrow deposit			$ 0.1	$ 0.3

SUMMARY OF SIGNIFICANT ACCOUN51

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Accumulated Other Comprehensive Income, Convertible Bonds Held of UTStarcom Hong Kong Holdings Ltd. (Details) - UTStarcom Hong Kong Holdings Ltd - Convertible bonds of privately-held company - USD ($) $ in Millions	Apr. 07, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Accumulated Other Comprehensive Income
Amount invested		$ 3.5	$ 3.5	$ 20.2
Available-for-sale Debt Securities, Accumulated Gross Unrealized Gain, before Tax				$ 0.2
Proceeds from Sale of Available-for-sale Securities, Debt	$ 10
Debt Conversion, Original Debt, Amount	$ 20
Ownership interest upon conversion of preference shares and convertible bonds	14.00%
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, before Tax	$ 0.2

SUMMARY OF SIGNIFICANT ACCOUN52

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Foreign Currency Translation (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Foreign Currency Translation
Gain (loss) on foreign currency translation	$ 1,459	$ (190)	$ (586)

SUMMARY OF SIGNIFICANT ACCOUN53

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Earnings per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Earnings per Share
Anti-dilutive stock options and awards/units outstanding (in shares)	605	1,295	1,784
Potential dilutive ordinary shares	1,400	0	0
Net income (loss) attributable to UTStarcom Holdings Corp.	$ 290	$ (27,158)	$ (30,264)
Weighted average shares outstanding-Diluted	36,402	37,003	37,380
Net income (loss) per shares attributable to UTStarcom Holdings Corp.--Diluted	$ 0.01	$ (0.74)	$ (0.81)
Stock options and awards/units
Earnings per Share
Anti-dilutive stock options and awards/units outstanding (in shares)	605	1,295	1,784

DIVESTITURES - IPTV operations

DIVESTITURES - IPTV operations (Details) - USD ($) $ in Thousands	Aug. 31, 2012	Dec. 31, 2014	Dec. 31, 2012
DIVESTITURES
Payment of unpaid balance related to divestiture		$ 804
IPTV divestiture | Disposed of by sale, not discontinued operations
DIVESTITURES
Amount of consideration paid by the Company upon divestiture	$ 30,000
Net loss (gain) on divestitures			$ (17,500)

DIVESTITURES - Liabilities and

DIVESTITURES - Liabilities and Assets Related to Un-Assigned Contracts (Details) - Disposed of by sale, not discontinued operations - IPTV divestiture - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Aug. 31, 2012
DIVESTITURES
Deferred revenue				$ 10,000
Customer advances				37,300
Total liabilities associated with the un-assigned IPTV contracts	$ 10,200			47,300
Deferred contract costs				24,600
Deferred contract service costs to Buyer				22,700
Total assets associated with the un-assigned IPTV contracts	10,200			$ 47,300
Gross profit impact from future revenue recognition of unassigned contracts	0
Revenues relating to un-assigned contracts	300	$ 3,600	$ 4,300
Costs relating to unassigned contracts	$ 300	$ 3,600	$ 4,300

DIVESTITURES - UTStarcom Hong K

DIVESTITURES - UTStarcom Hong Kong Holdings Ltd. (Details) - UTStarcom Hong Kong Holdings Ltd - Convertible bonds of privately-held company - USD ($) $ in Millions	Apr. 07, 2015	Aug. 31, 2012	Aug. 31, 2012	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
DIVESTITURES
Amount invested				$ 3.5	$ 3.5	$ 20.2
Interest rate of debt securities (as a percent)		6.50%	6.50%
Principal amount of debt securities to be converted if P&L run-rate break-even is achieved on or prior to the Maturity Date		$ 5	$ 5
Percentage of outstanding shares to be issued on conversion if P&L run-rate break-even is achieved on or prior to the Maturity Date		8.00%
Face amount of convertible debt	$ 20
Cash proceeds from partial payment of the principal of the Convertible Bond	$ 10
Ownership interest upon conversion of preference shares and convertible bonds	14.00%
Minimum
DIVESTITURES
Percentage of outstanding shares to be issued on conversion at the Maturity Date		25.00%
Maximum
DIVESTITURES
Percentage of outstanding shares to be issued on conversion at the Maturity Date		33.00%
Disposed of by sale, not discontinued operations | IPTV divestiture
DIVESTITURES
Amount invested		$ 20	$ 20

COMPREHENSIVE LOSS - Total Comp

COMPREHENSIVE LOSS - Total Comprehensive Loss (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
COMPREHENSIVE LOSS
Net income (loss)	$ 132	$ (27,158)	$ (30,264)
Other comprehensive loss
Unrealized gain (loss) from available-for-sale investments		(673)	673
Net Change in Foreign currency translation	532	(1,611)	(2,781)
Comprehensive income (loss)	664	(29,442)	(32,372)
Comprehensive loss attributable to non-controlling interests	158
Comprehensive income (loss) attributable to UTStarcom Holdings Corp.	$ 822	$ (29,442)	$ (32,372)

BALANCE SHEET DETAILS - Invento

BALANCE SHEET DETAILS - Inventories (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Inventories:
Raw materials	$ 3,821	$ 6,886
Work in process	3,362	1,813
Finished goods	15,394	8,771
Total Inventory	22,577	17,470
Finished goods at customer sites	$ 14,500	$ 8,300

BALANCE SHEET DETAILS - Prepaid

BALANCE SHEET DETAILS - Prepaid and Other Current Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Prepaids and other current assets
Prepaid tax	$ 3,468	$ 3,935
Advance to suppliers	53	1,259
Deferred taxes-current		1,305
Other receivable	811	1,833
Prepaid others	2,663	3,056
Total Prepaids and other current assets	$ 6,995	$ 11,388

BALANCE SHEET DETAILS - Prepa60

BALANCE SHEET DETAILS - Prepaid and Other Current Assets, Other Receivables (Details) - USD ($) $ in Thousands	1 Months Ended				3 Months Ended
	Feb. 28, 2015	Jan. 31, 2015	Aug. 31, 2014	Jul. 31, 2014	Sep. 30, 2015	Dec. 31, 2014	Dec. 31, 2012	Dec. 31, 2015
ESA Cultural Investment (Hong Kong) limited
Other receivable
Amount drawn							$ 4,000
Loans receivable, maximum borrowing amount							$ 5,600
Interest rate (as a percent)							20.00%
Percentage of loan receivable on extended maturity date							50.00%
Loan receivable on extended maturity date							$ 2,800
Proceeds from loan payments					$ 6,000	$ 800
Proceeds from interest income					1,100
ESA Cultural Investment (Hong Kong) limited | Other income (expense), net
Other receivable
Loan amount reserved due to collectability risk					$ 2,800
UiTV
Other receivable
Loans receivable								$ 2,300
Amount drawn	$ 1,170	$ 1,170	$ 1,080	$ 1,080
Loan amount reserved due to collectability risk								$ 2,300

BALANCE SHEET DETAILS - Propert

BALANCE SHEET DETAILS - Property, Plant and Equipment, Net (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Property, Plant and Equipment
Total	$ 33,197	$ 54,633
Less: accumulated depreciation	(31,587)	(53,123)
Total Property, plant and equipment, net	1,610	1,510
Write off of fully depreciated property, plant and equipment	19,600	2,800	$ 7,300
Accumulated depreciation related to derecognized amount of property, plant and equipment	19,600	2,800	$ 7,300
Leasehold improvements
Property, Plant and Equipment
Total	1,591	4,902
Accelerated depreciation related to early termination of a lease		100
Automobiles
Property, Plant and Equipment
Total	1,765	1,748
Software
Property, Plant and Equipment
Total	3,267	5,151
Computer, Equipment and Furniture
Property, Plant and Equipment
Total	26,507	42,786
Other
Property, Plant and Equipment
Total	$ 67	$ 46

BALANCE SHEET DETAILS - Other C

BALANCE SHEET DETAILS - Other Current Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Other current liabilities:
Accrued contract costs	$ 3,627	$ 798
Accrued payroll and compensation	5,897	5,352
Warranty costs	44	178
Accrued professional fees	394	438
Accrued other taxes	2,523	2,957
Other	4,238	4,040
Total other current liabilities	16,723	$ 13,763
India
Other current liabilities:
Accrued contract costs	$ 2,900

BALANCE SHEET DETAILS - Other L

BALANCE SHEET DETAILS - Other Long-term Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Other long-term liabilities
Non-current income tax payable	$ 3,906	$ 6,432
Other	1,075	1,827
Total other long-term liabilities	$ 4,981	$ 8,259

CASH, CASH EQUIVALENTS AND SH64

CASH, CASH EQUIVALENTS AND SHORT AND LONG TERM INVESTMENTS - Short-term Investments (Details) $ in Thousands	Dec. 31, 2016USD ($)
CASH, CASH EQUIVALENTS AND SHORT AND LONG TERM INVESTMENTS
Available-for-sale securities	$ 479

CASH, CASH EQUIVALENTS AND SH65

CASH, CASH EQUIVALENTS AND SHORT AND LONG TERM INVESTMENTS - Total Investments (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
CASH, CASH EQUIVALENTS AND SHORT AND LONG TERM INVESTMENTS
Total Investment	$ 8,232	$ 19,521
Short-term investments	479
Long-term investments	7,753	19,521
Cost Method Investments
CASH, CASH EQUIVALENTS AND SHORT AND LONG TERM INVESTMENTS
Total Investment	3,499	5,593
Equity Method Investments
CASH, CASH EQUIVALENTS AND SHORT AND LONG TERM INVESTMENTS
Total Investment	2,554	8,228
AFS
CASH, CASH EQUIVALENTS AND SHORT AND LONG TERM INVESTMENTS
Total Investment	2,179	5,700
GCT Semiconductor, Inc. | Cost Method Investments
CASH, CASH EQUIVALENTS AND SHORT AND LONG TERM INVESTMENTS
Total Investment		811
UTStarcom Hong Kong Holdings Ltd | Cost Method Investments
CASH, CASH EQUIVALENTS AND SHORT AND LONG TERM INVESTMENTS
Total Investment	3,499	3,499
SBI | Cost Method Investments
CASH, CASH EQUIVALENTS AND SHORT AND LONG TERM INVESTMENTS
Total Investment		1,283
SBI | AFS
CASH, CASH EQUIVALENTS AND SHORT AND LONG TERM INVESTMENTS
Total Investment	479
Short-term investments	479
ACELAND | Equity Method Investments
CASH, CASH EQUIVALENTS AND SHORT AND LONG TERM INVESTMENTS
Total Investment	2,554	1,109
Shareholder Loan to ACELAND | Equity Method Investments
CASH, CASH EQUIVALENTS AND SHORT AND LONG TERM INVESTMENTS
Total Investment		7,119
AioTV | AFS
CASH, CASH EQUIVALENTS AND SHORT AND LONG TERM INVESTMENTS
Total Investment	$ 1,700	$ 5,700

CASH, CASH EQUIVALENTS AND SH66

CASH, CASH EQUIVALENTS AND SHORT AND LONG TERM INVESTMENTS - Long-term Investments, Narrative (Details) - USD ($) $ / shares in Units, $ in Millions

Nov. 14, 2014

Feb. 28, 2015

Mar. 31, 2007

Sep. 30, 2004

Jun. 30, 2016

Dec. 31, 2015

Jun. 30, 2015

Mar. 31, 2015

Sep. 30, 2014

Dec. 31, 2015

Dec. 31, 2014

Dec. 31, 2008

Dec. 30, 2016

CASH, CASH EQUIVALENTS AND SHORT AND LONG TERM INVESTMENTS

Per share price of investment

$ 2

ImmenStar, Inc. | Series A preferred stock

CASH, CASH EQUIVALENTS AND SHORT AND LONG TERM INVESTMENTS

Release from escrow deposit

$ 0.2

Payments to Acquire Investments

$ 2

Cortina

CASH, CASH EQUIVALENTS AND SHORT AND LONG TERM INVESTMENTS

Cash received in exchange for investment

$ 1.8

Cost-method Investments, Realized Losses, Excluding Other than Temporary Impairments

$ 1.5

Investment, ownership interest (as a percent)

1.00%

Cortina | Series D preferred stock

CASH, CASH EQUIVALENTS AND SHORT AND LONG TERM INVESTMENTS

Number of shares received in exchange for investment

3,600,000

400,000

Per share price of investment

$ 0.837

$ 0.837

Inphi Corporation

CASH, CASH EQUIVALENTS AND SHORT AND LONG TERM INVESTMENTS

Number of shares received in exchange for investment

124,395

Release from escrow deposit

$ 0.1

$ 0.3

Available-for-sale Securities, Equity Securities

$ 2.3

Unrealized gain from available-for-sale investments

$ 0.5

Number of shares of equity securities sold

124,395

124,395

Proceeds from sale of equity

$ 2.4

$ 2.4

Available-for-sale Securities, Gross Realized Gains

$ 0.6

$ 0.6

Cash proceeds from sale of assets

$ 0.7

$ 1

Net carrying value of assets sold

$ 0

$ 0

$ 0

CASH, CASH EQUIVALENTS AND SH67

CASH, CASH EQUIVALENTS AND SHORT AND LONG TERM INVESTMENTS - Long-term Investments, GCT Semiconductor (Details) - GCT Semiconductor, Inc. - Series D preferred stock - USD ($) $ in Millions	1 Months Ended	3 Months Ended	12 Months Ended
	Oct. 31, 2004	Dec. 31, 2012	Dec. 31, 2016
CASH, CASH EQUIVALENTS AND SHORT AND LONG TERM INVESTMENTS
Payments to acquire investments	$ 3
Investment, ownership interest (as a percent)			0.40%
Other-than-temporary impairment charge		$ 2.2	$ 0.8
Carrying amount of the investment			$ 0

CASH, CASH EQUIVALENTS AND SH68

CASH, CASH EQUIVALENTS AND SHORT AND LONG TERM INVESTMENTS - Long-term Investments, Xalted Networks, or Xalted (Details) - USD ($) $ in Thousands	1 Months Ended			3 Months Ended			12 Months Ended
	Mar. 31, 2006	Aug. 31, 2005	May 31, 2005	Sep. 30, 2012	Dec. 31, 2011	Sep. 30, 2009	Dec. 31, 2015	Dec. 31, 2014	Jun. 30, 2011
Xalted Networks | Maximum
CASH, CASH EQUIVALENTS AND SHORT AND LONG TERM INVESTMENTS
Investment, ownership interest (as a percent)							10.00%	10.00%
Xalted Networks
CASH, CASH EQUIVALENTS AND SHORT AND LONG TERM INVESTMENTS
Payments to acquire investments	$ 300	$ 1,000	$ 2,000
Other-than-temporary impairment charge				$ 800	$ 500	$ 1,700	$ 20	$ 300
Kranem | Xalted Networks
CASH, CASH EQUIVALENTS AND SHORT AND LONG TERM INVESTMENTS
Issued and outstanding stock ownership percentage									35.00%

CASH, CASH EQUIVALENTS AND SH69

CASH, CASH EQUIVALENTS AND SHORT AND LONG TERM INVESTMENTS - Long-term Investments, Disposal of IPTV Business (Details) - USD ($) $ in Thousands	Apr. 07, 2015	Aug. 31, 2012	Aug. 31, 2012	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2012
Investment Holdings [Line Items]
Other than Temporary Impairment Losses, Investments				$ 5,336	$ 16,347	$ 3,947
UTStarcom Hong Kong Holdings Ltd | Convertible bonds of privately-held company
Investment Holdings [Line Items]
Principal amount of consideration received				$ 3,500	3,500	$ 20,200
Impairment Charge					6,500
Interest rate of debt securities (as a percent)		6.50%	6.50%
Principal amount of debt securities to be converted if P&L run-rate break-even is achieved on or prior to the Maturity Date		$ 5,000	$ 5,000
Percentage of outstanding shares to be issued on conversion if operating income break-even is achieved on or prior to the Maturity Date		8.00%
Debt Conversion, Original Debt, Amount	$ 20,000
Proceeds from Sale of Available-for-sale Securities, Debt	$ 10,000
Cost Method Investment Ownership Percentage Upon Conversion Of Securities	14.00%
Impairment on investment					$ 6,500
UTStarcom Hong Kong Holdings Ltd | Convertible bonds of privately-held company | Maximum
Investment Holdings [Line Items]
Investment In Debt Securities Percentage Of Shares To Be Issued On Conversion At Maturity Date		33.00%
UTStarcom Hong Kong Holdings Ltd | Convertible bonds of privately-held company | Minimum
Investment Holdings [Line Items]
Investment In Debt Securities Percentage Of Shares To Be Issued On Conversion At Maturity Date		25.00%
Disposed of by sale, not discontinued operations | IPTV divestiture
Investment Holdings [Line Items]
Amount of consideration paid by the Company upon divestiture		$ 30,000
Loss recorded on divestiture							$ 17,500
Disposed of by sale, not discontinued operations | IPTV divestiture | UTStarcom Hong Kong Holdings Ltd | Convertible bonds of privately-held company
Investment Holdings [Line Items]
Principal amount of consideration received		$ 20,000	$ 20,000

CASH, CASH EQUIVALENTS AND SH70

CASH, CASH EQUIVALENTS AND SHORT AND LONG TERM INVESTMENTS - Long-term Investments, SBI NEO Technology A Investment LPS, or SBI (Details) - SBI - USD ($) $ in Thousands	1 Months Ended	3 Months Ended					12 Months Ended
	Jan. 31, 2017	Dec. 31, 2016	Jun. 30, 2016	Dec. 31, 2015	Jun. 30, 2015	Dec. 31, 2014	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2008
CASH, CASH EQUIVALENTS AND SHORT AND LONG TERM INVESTMENTS
Payments to acquire investments									$ 600	$ 700	$ 700	$ 500
Investment, ownership interest (as a percent)							2.00%	2.00%				2.00%
Cash received from investment which was recorded as a reduction to offset the investment	$ 500	$ 600	$ 100	$ 260	$ 260	$ 100
Other-than-temporary impairment charge							$ 200
Short-term investments		$ 500					$ 500

CASH, CASH EQUIVALENTS AND SH71

CASH, CASH EQUIVALENTS AND SHORT AND LONG TERM INVESTMENTS - Long-term Investments, ACELAND Investment Limited (Details) - USD ($) $ in Thousands	Mar. 24, 2016	Dec. 31, 2010	Dec. 31, 2016	Jun. 30, 2011	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
CASH, CASH EQUIVALENTS AND SHORT AND LONG TERM INVESTMENTS
Equity pick up of gain (loss) of an associate					$ 984	$ (13,954)	$ (8,878)
ACELAND
CASH, CASH EQUIVALENTS AND SHORT AND LONG TERM INVESTMENTS
Payments to acquire equity method investments		$ 2,100
Contribution of equity investment through a shareholder loan				$ 7,100
Equity method investment, ownership interest (as a percent)			35.00%		35.00%
Proceeds from sale, maturity and collection of investments	$ 8,200		$ 6,700
Equity pick up of gain (loss) of an associate					$ 1,000
Equity Method Investment, Other than Temporary Impairment						$ 1,000
Carrying amount of the investment			$ 2,600		$ 2,600
Wireless City | ACELAND
CASH, CASH EQUIVALENTS AND SHORT AND LONG TERM INVESTMENTS
Equity method investment, ownership interest (as a percent)						5.82%
Proceeds from sale, maturity and collection of investments	$ 23,500

CASH, CASH EQUIVALENTS AND SH72

CASH, CASH EQUIVALENTS AND SHORT AND LONG TERM INVESTMENTS - Long-term Investments, AioTV Inc. (Details) - USD ($)	May 30, 2017	Dec. 07, 2015	Nov. 30, 2012	Sep. 30, 2017	Jun. 30, 2017	Dec. 31, 2016	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	May 31, 2017	Dec. 30, 2016
CASH, CASH EQUIVALENTS AND SHORT AND LONG TERM INVESTMENTS
Per share price of investment											$ 2
Other than Temporary Impairment Losses, Investments [Abstract]
Other than Temporary Impairment Losses, Investments							$ 5,336,000	$ 16,347,000	$ 3,947,000
Impairment charge							5,336,000	16,347,000	$ 3,947,000
AioTV
Other than Temporary Impairment Losses, Investments [Abstract]
Carrying amount of the investment						$ 1,700,000	1,700,000
AioTV | Series B preferred stock
CASH, CASH EQUIVALENTS AND SHORT AND LONG TERM INVESTMENTS
Payments to acquire available-for-sale equity securities			$ 8,000,000
Per share price of investment			$ 0.320937
Fair Value Assumptions and Methodology for Assets and Liabilities [Abstract]
Total fair value of invested Capital as at valuation date							$ 900,000	$ 5,200,000
Risk free rate of interest (as a percent)							0.80%	1.60%
Dividend yield (as a percent)							0.00%	0.00%
Expiration date							Nov. 14, 2017	Nov. 14, 2017
Volatility (as a percent)							41.00%	50.80%
Discount rate (as a percent)							50.00%	35.00%
Other than Temporary Impairment Losses, Investments [Abstract]
Other than Temporary Impairment Losses, Investments							$ 4,300,000
Carrying amount of the investment						$ 900,000	$ 900,000
Equity method investment, ownership interest (as a percent)						44.00%	44.00%
Impairment charge							$ 4,300,000
AioTV | Convertible bonds of privately-held company
CASH, CASH EQUIVALENTS AND SHORT AND LONG TERM INVESTMENTS
Payment to acquire available-for-sale debt securities		$ 500,000				$ 300,000
Interest rate of debt securities (as a percent)		10.00%				1000.00%
Other than Temporary Impairment Losses, Investments [Abstract]
Other than Temporary Impairment Losses, Investments							0
Carrying amount of the investment						$ 800,000	800,000
Impairment charge							$ 0
Note Purchase Agreement | Subsequent Event | AioTV
Other than Temporary Impairment Losses, Investments [Abstract]
Carrying amount of the investment	$ 800,000									$ 800,000
Principal amount	$ 480,685
Note Purchase Agreement | Subsequent Event | AioTV | Common Stock
Other than Temporary Impairment Losses, Investments [Abstract]
Preferred stock converted to common shares	25,527,008
Convertible debentures converted to ordinary shares	2,269,856
Conversion price (in dollars per share)	$ 0.320937
Debt instrument, conversion price (in dollars per share)	$ 0.253790596
Note Purchase Agreement | Subsequent Event | AioTV | Series B preferred stock
Other than Temporary Impairment Losses, Investments [Abstract]
Convertible shares	25,527,008
Note Purchase Agreement | Subsequent Event | AioTV | Convertible bonds of privately-held company
Other than Temporary Impairment Losses, Investments [Abstract]
Convertible promissory note, value	$ 319,315
Payments to acquire investments				$ 380,000	$ 100,000
Note Purchase Agreement | Subsequent Event | AioTV | Convertible debentures
Other than Temporary Impairment Losses, Investments [Abstract]
Principal amount	576,068
Accrued and unpaid interests	$ 500,000

CASH, CASH EQUIVALENTS AND SH73

CASH, CASH EQUIVALENTS AND SHORT AND LONG TERM INVESTMENTS - Acquisition, Narrative (Details) $ in Millions	Jun. 21, 2012itemshares	Jun. 21, 2012shares	Nov. 08, 2010USD ($)	Oct. 16, 2010USD ($)shares	Nov. 08, 2011USD ($)
Common Stock
Business Acquisition [Line Items]
Number of shares issued				1,491,091
Business Acquisition, Equity Interest Issued or Issuable, Value Assigned | $					$ 9.8
Repurchase of ordinary shares from iTV shareholder (in shares)		1,491,091
UiTV
Business Acquisition [Line Items]
Percentage of shares acquired				75.00%
Subsidiary or Equity Method Investee, Cumulative Percentage Ownership after All Transactions		49.00%
Number of Board seats held before the repurchase | item	3
Number of Board seats held | item	2
Number of total Board seats | item	5
UiTV | Common Stock
Business Acquisition [Line Items]
Number of shares purchased				5,100,000
Aggregate purchase price | $			$ 10	$ 10
Percentage of shares acquired				51.00%
Number of shares of acquiree transferred back	5,100,000
UiTV | Series A preferred stock
Business Acquisition [Line Items]
Number of shares purchased				9,600,000
Aggregate cash consideration | $			$ 20	$ 20

CASH, CASH EQUIVALENTS AND SH74

CASH, CASH EQUIVALENTS AND SHORT AND LONG TERM INVESTMENTS - Acquisition, Convertible Bonds of UiTV (Details) - UiTV - Convertible bonds of privately-held company - USD ($) $ in Millions	Dec. 03, 2012	Dec. 03, 2012
Investment Holdings [Line Items]
Payments to Acquire Available-for-sale Securities, Debt	$ 3
Interest rate of debt securities (as a percent)	6.50%
Maximum
Investment Holdings [Line Items]
Price per share of qualified financing as a percentage of per share price used to determine conversion of debt securities		85.00%

CASH, CASH EQUIVALENTS AND SH75

CASH, CASH EQUIVALENTS AND SHORT AND LONG TERM INVESTMENTS - Acquisition, Convertible Bonds of UiTV, Narrative (Details) $ in Thousands	Jan. 02, 2013USD ($)	Dec. 31, 2013USD ($)	Jun. 30, 2013USD ($)	Dec. 31, 2016USD ($)item	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)	Dec. 31, 2013USD ($)
Schedule of Equity Method Investments [Line Items]
Equity income (loss) of associates				$ 984	$ (13,954)	$ (8,878)
Other than Temporary Impairment Losses, Investments				$ 5,336	16,347	3,947
UiTV
Schedule of Equity Method Investments [Line Items]
Ownership interest upon conversion of preference shares and convertible bonds				73.00%
Number of board members out of 5 members that may be appointed by founder and CEO of investee unless voting interest fall below 10% | item				3
Total number of board members | item				5
Threshold percentage of voting interest owned by founder of investment issuer below which the Company has voting control (as a percent)				10.00%
Residual value of distribution to shareholders					$ 0
UiTV | Convertible bonds of privately-held company
Schedule of Equity Method Investments [Line Items]
Payments to acquire equity method investments	$ 5,000	$ 5,000	$ 15,000
Noncash or Part Noncash Acquisition, Investments Acquired		12,100
Additions to investment through conversion of outstanding receivables		$ 7,100
Equity Method Investment, Aggregate Cost				$ 35,100
Loss from equity method investment (as a percent)					100.00%
Equity income (loss) of associates					$ 14,000	3,600
Other than Temporary Impairment Losses, Investments					6,000	2,400	$ 9,100
Amount invested					0	$ 20,000
UiTV | Series A preferred stock
Schedule of Equity Method Investments [Line Items]
Equity Method Investment, Aggregate Cost				$ 20,000
Percentage of losses of VIE that will be recognized by company until convertible bond investment balance has been depleted						49.00%
Loss from equity method investment (as a percent)						49.00%
Equity income (loss) of associates						$ 5,300
Amount invested					$ 0

CASH, CASH EQUIVALENTS AND SH76

CASH, CASH EQUIVALENTS AND SHORT AND LONG TERM INVESTMENTS - Summary of Equity Investee Data (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Operating data:
Income (loss) from operations	$ 950	$ (9)	$ (2)
Net income (loss)	2,812	(9)	(2)
Net income (loss) attributable to Equity method investees	984	(3)	(1)
Balance sheet data:
Current assets	18,616	7	7
Long-term assets	105	18,238	18,381
Current liabilities	$ (11,669)	$ (14,135)	$ (14,233)

CASH, CASH EQUIVALENTS AND SH77

CASH, CASH EQUIVALENTS AND SHORT AND LONG TERM INVESTMENTS - Summary of Available-for-sale Investments (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Schedule of Available-for-sale Securities [Line Items]
Cost	$ 6,479	$ 50,999
Cash Collection		(12,299)
Impairment charges and equity losses	(4,300)	(22,800)
Transfer-out from available-for-sale investments		(10,000)
Realized gain		(200)
Estimated fair value	2,179	5,700
Level 3
Schedule of Available-for-sale Securities [Line Items]
Estimated fair value	$ 4,800
Minimum
Schedule of Available-for-sale Securities [Line Items]
Maturity period of bank notes receivable	3 months
Maximum
Schedule of Available-for-sale Securities [Line Items]
Maturity period of bank notes receivable	1 year
Common Stock
Schedule of Available-for-sale Securities [Line Items]
Cost	$ 479	2,299
Cash Collection		(2,299)
Estimated fair value	479
Convertible bonds of privately-held company
Schedule of Available-for-sale Securities [Line Items]
Cost	800	40,700
Cash Collection		(10,000)
Impairment charges and equity losses		(20,000)
Transfer-out from available-for-sale investments		(10,000)
Realized gain		(200)
Estimated fair value	800	500
Preferred convertible shares of privately-held company
Schedule of Available-for-sale Securities [Line Items]
Cost	5,200	8,000
Impairment charges and equity losses	(4,300)	(2,800)
Estimated fair value	$ 900	$ 5,200

CASH, CASH EQUIVALENTS AND SH78

CASH, CASH EQUIVALENTS AND SHORT AND LONG TERM INVESTMENTS - Schedule of Financial Assets Measured and Recognized at Fair Value on a Recurring Basis and Classified under the Appropriate Level of the Fair Value Hierarchy (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Fair value, assets and liabilities on a recurring and non-recurring basis
Long-term investments	$ 7,753	$ 19,521
Recurring
Fair value, assets and liabilities on a recurring and non-recurring basis
Short-term investments	479
Long-term investments	1,700	5,700
Level 3 | Recurring
Fair value, assets and liabilities on a recurring and non-recurring basis
Short-term investments	479
Long-term investments	$ 1,700	$ 5,700

CASH, CASH EQUIVALENTS AND SH79

CASH, CASH EQUIVALENTS AND SHORT AND LONG TERM INVESTMENTS - Schedule of Changes in Financial Assets using Unobservable Inputs (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Changes in financial assets using unobservable inputs (Level 3)
Balance at the beginning of the period	$ 5,700	$ 48,200	$ 53,971
Less: Share of loss from Associates		(13,954)	(3,570)
Less: Impairment Charges	(4,300)	(8,846)	(2,401)
Less: Cash Collection		(10,000)
Less: Transfer-out from available-for-sale investments		(10,000)
Add: New invest in convertible bond	300	500
Add: Unrealized gain		(200)	200
Balance at the end of the period	$ 1,700	$ 5,700	$ 48,200

CASH, CASH EQUIVALENTS AND SH80

CASH, CASH EQUIVALENTS AND SHORT AND LONG TERM INVESTMENTS - Financial Assets Measured on a Non-recurring Basis (Details) - USD ($) $ in Millions	Dec. 31, 2016	Dec. 31, 2015
Nonrecurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments in Affiliates, Subsidiaries, Associates, and Joint Ventures, Fair Value Disclosure	$ 6.1	$ 13.8

WARRANTY OBLIGATIONS AND OTHE81

WARRANTY OBLIGATIONS AND OTHER GUARANTEES (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
WARRANTY OBLIGATIONS AND OTHER GUARANTEES
Standard product warranty term, minimum	1 year
Standard product warranty term, maximum	2 years
Limited warranty services term, minimum	2 years
Activity related to warranty obligations
Balance at the beginning of the period	$ 177	$ 217	$ 617
Accruals for warranties issued during the period (benefit from expirations), net	(105)	(37)	(250)
Settlements made during the period	(28)	(3)	(150)
Balance at the end of the period	$ 44	$ 177	$ 217

COMMITMENTS AND CONTINGENCIES -

COMMITMENTS AND CONTINGENCIES - Future Minimum Lease Payments Under All Non-Cancelable Operating Leases (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Leases
2,017	$ 1,416
2,018	1,082
2,019	1,038
2,020	921
2,021	537
Future minimum lease payments	4,994
Rent expense
Rent expense	1,400	$ 1,600	$ 1,800
India Department of Telecommunication Security and Supply Chain Standards
Revenues from security agreements	86,512	117,103	129,420
Cost of goods sold	58,156	89,235	107,292
Equipment revenue	61,735	87,361	105,988
Cost of Goods Sold	41,472	65,891	84,988
Equipment based service revenue	24,777	29,742	23,432
Cost of Services	$ 16,684	23,344	22,304
Security agreement with customers, as required by India's Department of Telecommunications ("DOT")
India Department of Telecommunication Security and Supply Chain Standards
Revenues from security agreements		11,800
Deferred revenue related to contracts covered by security agreements		0	11,700
Deferred costs related to contracts covered by security agreements		$ 0	$ 5,700
Revenue Recognition, assessment period		5 years
Cost of goods sold		$ 5,400
Equipment revenue		5,600
Cost of Goods Sold		5,400
Equipment based service revenue		6,200
Cost of Services		$ 10

COMMITMENTS AND CONTINGENCIES83

COMMITMENTS AND CONTINGENCIES - Contractual obligations and commercial commitments (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
COMMITMENTS AND CONTINGENCIES
Outstanding letters of credit	$ 14,700
Outstanding purchase commitments, including agreements that are non-cancelable and cancelable without penalty	44,000
Uncertain tax position
Gross unrecognized tax benefits	20,137	$ 22,694	$ 45,382	$ 45,430
Unrecognized tax benefits that would impact the annual effective tax rate if recognized	3,470	$ 6,027	$ 10,185
Unrecognized tax benefits if recognized, would impact certain deferred tax assets	$ 16,600

COMMON STOCK REPURCHASE AND I84

COMMON STOCK REPURCHASE AND ISSUANCE - Share Purchase Agreement and Subscription Agreement (Details) - USD ($) $ / shares in Units, $ in Thousands	Mar. 11, 2014	Mar. 10, 2014	Jan. 17, 2014	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Equity, Class of Treasury stock
Ordinary share, par value (in dollars per share)				$ 0.00375	$ 0.00375
Value of shares repurchased				$ 4,096	$ 3,695	$ 10,308
UTSTARCOM HOLDINGS CORP
Equity, Class of Treasury stock
Ordinary share, par value (in dollars per share)					$ 0.00375	$ 0.00375
Share Purchase Agreement
Equity, Class of Treasury stock
Shares repurchased under program			3,883,875
Share price (in dollars per share)			$ 2.54
Value of shares repurchased			$ 9,900
Share Purchase Agreement | Shah Capital Opportunity Fund LP and Himanshu H Shah
Equity, Class of Treasury stock
Number of shares of common stock repurchased			1,000,000
Share Purchase Agreement | Softbank America Inc
Equity, Class of Treasury stock
Number of shares in reporting entity sold by investee			4,883,875
Ordinary share, par value (in dollars per share)			$ 0.00375
Subscription Agreement | Shah Capital Opportunity Fund LP and Himanshu H Shah
Equity, Class of Treasury stock
Ordinary share, par value (in dollars per share)	$ 2.67
Number of shares of common stock issued	2,000,000
Premium percentage		1.30%
Threshold period of specified consecutive trading days within which premium common stock price was determined		30 days

COMMON STOCK REPURCHASE AND I85

COMMON STOCK REPURCHASE AND ISSUANCE - Repurchase Program November 2014 (Details) - USD ($) $ in Thousands	Nov. 12, 2014	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Equity, Class of Treasury stock
Value of shares repurchased		$ 4,096	$ 3,695	$ 10,308
Repurchase program November 2014
Equity, Class of Treasury stock
Stock Repurchase Program, Authorized Amount	$ 40,000
Stock Repurchase Program, Period in Force	24 months
Shares repurchased under program		2,054,655	1,563,302	166,421
Value of shares repurchased		$ 4,100	$ 3,700	$ 400

COMMON STOCK AND STOCK INCENT86

COMMON STOCK AND STOCK INCENTIVE PLANS - Stock Incentive Plans (Details) - shares	Jan. 04, 2016	Dec. 31, 2016	Nov. 04, 2016	Dec. 31, 2015	Dec. 31, 2014
2017 Equity Incentive Plan
Stock Incentive Plans
Number of shares authorized		2,000,000
Number of ordinary shares available for issuance pursuant to future grants		2,960,940	960,940
2006 Equity Incentive Plan
Stock Incentive Plans
Number of shares authorized		1,500,000
Number of additional shares authorized	1,500,000
Number of shares transferred from the prior plan		8,474,347
Number of ordinary shares available for issuance pursuant to future grants				1,022,114	879,021
2006 Equity Incentive Plan | Minimum
Stock Incentive Plans
Vesting period		1 year
2006 Equity Incentive Plan | Maximum
Stock Incentive Plans
Vesting period		4 years
2006 Equity Incentive Plan | Stock Options and Restricted Stock Units RSU
Stock Incentive Plans
Number of awards outstanding (in shares)		2,042,798
2006 Equity Incentive Plan | Employee and Directors Stock Options
Stock Incentive Plans
Vesting period		4 years
2006 Equity Incentive Plan | Employee and Directors Stock Options | Maximum
Stock Incentive Plans
Expiration term		7 years
2006 Equity Incentive Plan | Stock Options and Stock Appreciation Rights | Minimum
Stock Incentive Plans
Exercise price as a percentage of the fair market value of an ordinary share on the date of grant		100.00%
2006 Equity Incentive Plan | Incentive Stock Option | Minimum
Stock Incentive Plans
Exercise price as a percentage of the fair market value of an ordinary share on the date of grant		110.00%
Percentage of voting power required of the company's stock for specified exercise price		10.00%
2006 Equity Incentive Plan | Incentive Stock Option | Maximum
Stock Incentive Plans
Expiration term		5 years
Percentage of voting power required of the company's stock for specified vesting period		10.00%

COMMON STOCK AND STOCK INCENT87

COMMON STOCK AND STOCK INCENTIVE PLANS - Stock Option Activity (Details) - $ / shares shares in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Number of shares outstanding
Options Outstanding at the beginning of the period (in shares)	415	558	576
Options Granted (in shares)	267		127
Options Exercised (in shares)		(12)
Options Forfeited or Expired (in shares)	(77)	(131)	(145)
Options Outstanding at the end of the period (in shares)	605	415	558
Weighted average exercise price
Options Outstanding at the beginning of the period (in dollars per share)	$ 6.11	$ 6.33	$ 21.25
Options Granted (in dollars per share)	2.24		2.83
Options Exercised (in dollars per share)		3.48
Options Forfeited or Expired (in dollars per share)	18.79	7.30	62.79
Options Outstanding at the end of the period (in dollars per share)	$ 2.78	$ 6.11	$ 6.33

COMMON STOCK AND STOCK INCENT88

COMMON STOCK AND STOCK INCENTIVE PLANS - Unvested Restricted Awards (Details) - Restricted Stock $ / shares in Units, shares in Thousands, $ in Millions	12 Months Ended
	Dec. 31, 2016USD ($)$ / sharesshares	Dec. 31, 2015USD ($)$ / sharesshares	Dec. 31, 2014USD ($)$ / sharesshares
Restricted stock awards
Ratio for grant of stock awards that is deducted from the shares available for grant	1
Shares
Total nonvested restricted stock at the beginning of the period (in shares) | shares	1,056	1,481	1,713
Granted (in shares) | shares	1,124	422	808
Vested (in shares) | shares	(624)	(427)	(603)
Forfeited (in shares) | shares	(118)	(420)	(437)
Total nonvested restricted stock at the end of the period (in shares) | shares	1,438	1,056	1,481
Weighted average grant date fair value
Total nonvested restricted stock at the beginning of the period (in dollars per share) | $ / shares	$ 2.72	$ 2.90	$ 3.08
Granted (in dollars per share) | $ / shares	2.19	2.47	2.76
Vested (in dollars per share) | $ / shares	2.77	3.07	3.15
Forfeited (in dollars per share) | $ / shares	2.70	2.76	3.02
Total nonvested restricted stock at the end of the period (in dollars per share) | $ / shares	$ 2.28	$ 2.72	$ 2.90
Fair value of restricted stock awards vested | $	$ 1.7	$ 1.3	$ 1.9
Minimum
Restricted stock awards
Vesting period	1 year
Maximum
Restricted stock awards
Vesting period	4 years

COMMON STOCK AND STOCK INCENT89

COMMON STOCK AND STOCK INCENTIVE PLANS - Significant Ranges of Outstanding and Exercisable Stock Options (Details)	12 Months Ended
	Dec. 31, 2016$ / sharesshares
Options exercisable and vested and expected to vest at the end of the period
Number of options exercisable (in shares) | shares	274,748
Weighted-average exercise price per share of options exercisable (in dollars per share)	$ 3.29
Number of options vested and expected to vest (in shares) | shares	604,680
Weighted-average exercise price per share of options vested and expected to vest (in dollars per share)	$ 2.78
Exercise Price Range from Dollars 2.24 to 2.24
Exercise Price Range
Exercise price, low end of range (in dollars per share)	2.24
Exercise price, high end of range (in dollars per share)	$ 2.24
Stock Options Outstanding
Number outstanding (in shares) | shares	266,600
Weighted-average remaining contractual life	6 years 29 days
Weighted-average exercise price per share (in dollars per share)	$ 2.24
Stock Options Exercisable
Number Exercisable (in shares) | shares	0
Weighted-average exercise price per share (in dollars per share)	$ 0
Exercise Price Range from Dollars 2.70 to 2.70
Exercise Price Range
Exercise price, low end of range (in dollars per share)	2.70
Exercise price, high end of range (in dollars per share)	$ 2.70
Stock Options Outstanding
Number outstanding (in shares) | shares	26,666
Weighted-average remaining contractual life	7 years 10 months 28 days
Weighted-average exercise price per share (in dollars per share)	$ 2.70
Stock Options Exercisable
Number Exercisable (in shares) | shares	13,334
Weighted-average exercise price per share (in dollars per share)	$ 2.70
Exercise Price Range from Dollars 2.87 to 2.87
Exercise Price Range
Exercise price, low end of range (in dollars per share)	2.87
Exercise price, high end of range (in dollars per share)	$ 2.87
Stock Options Outstanding
Number outstanding (in shares) | shares	100,000
Weighted-average remaining contractual life	7 years 7 months 21 days
Weighted-average exercise price per share (in dollars per share)	$ 2.87
Stock Options Exercisable
Number Exercisable (in shares) | shares	50,000
Weighted-average exercise price per share (in dollars per share)	$ 2.87
Exercise Price Range from Dollars 2.97 to 2.97
Exercise Price Range
Exercise price, low end of range (in dollars per share)	2.97
Exercise price, high end of range (in dollars per share)	$ 2.97
Stock Options Outstanding
Number outstanding (in shares) | shares	26,666
Weighted-average remaining contractual life	2 years 9 months 29 days
Weighted-average exercise price per share (in dollars per share)	$ 2.97
Stock Options Exercisable
Number Exercisable (in shares) | shares	26,666
Weighted-average exercise price per share (in dollars per share)	$ 2.97
Exercise Price Range from Dollars 3.21 to 3.21
Exercise Price Range
Exercise price, low end of range (in dollars per share)	3.21
Exercise price, high end of range (in dollars per share)	$ 3.21
Stock Options Outstanding
Number outstanding (in shares) | shares	166,666
Weighted-average remaining contractual life	11 days
Weighted-average exercise price per share (in dollars per share)	$ 3.21
Stock Options Exercisable
Number Exercisable (in shares) | shares	166,666
Weighted-average exercise price per share (in dollars per share)	$ 3.21
Exercise Price Range from Dollars 4.17 to 4.17
Exercise Price Range
Exercise price, low end of range (in dollars per share)	4.17
Exercise price, high end of range (in dollars per share)	$ 4.17
Stock Options Outstanding
Number outstanding (in shares) | shares	2,721
Weighted-average remaining contractual life	1 year 8 months 1 day
Weighted-average exercise price per share (in dollars per share)	$ 4.17
Stock Options Exercisable
Number Exercisable (in shares) | shares	2,721
Weighted-average exercise price per share (in dollars per share)	$ 4.17
Exercise Price Range from Dollars 6.51 to 6.51
Exercise Price Range
Exercise price, low end of range (in dollars per share)	6.51
Exercise price, high end of range (in dollars per share)	$ 6.51
Stock Options Outstanding
Number outstanding (in shares) | shares	15,361
Weighted-average remaining contractual life	9 months
Weighted-average exercise price per share (in dollars per share)	$ 6.51
Stock Options Exercisable
Number Exercisable (in shares) | shares	15,361
Weighted-average exercise price per share (in dollars per share)	$ 6.51
Exercise Price Range from Dollars 2.24 to 6.51
Exercise Price Range
Exercise price, low end of range (in dollars per share)	2.24
Exercise price, high end of range (in dollars per share)	$ 6.51
Stock Options Outstanding
Number outstanding (in shares) | shares	604,680
Weighted-average remaining contractual life	4 years 5 months 12 days
Weighted-average exercise price per share (in dollars per share)	$ 2.780000
Stock Options Exercisable
Number Exercisable (in shares) | shares	274,748
Weighted-average exercise price per share (in dollars per share)	$ 3.290000

COMMON STOCK AND STOCK INCENT90

COMMON STOCK AND STOCK INCENTIVE PLANS - Intrinsic Value (Details) - $ / shares	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 30, 2016
COMMON STOCK AND STOCK INCENTIVE PLANS
Market value of shares as reported by NASDAQ ((in dollars per share)			$ 2
Weighted average remaining contractual life of options exercisable	2 years 1 month 17 days	1 year 11 months 9 days
Weighted average remaining contractual life of options expected to vest	4 years 5 months 12 days	3 years 26 days

COMMON STOCK AND STOCK INCENT91

COMMON STOCK AND STOCK INCENTIVE PLANS - Dividend Yield, Black-Scholes Assumptions and Unrecognized Compensation Cost (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Black-Scholes option pricing model with the assumptions
Expected term in years	4 years 9 months	4 years 9 months	4 years 9 months
Weighted average risk-free interest rate	1.29%	1.50%	1.50%
Expected dividend rate	0.00%	0.00%	0.00%
Volatility	51.60%	72.70%	72.70%
Unrecognized compensation cost related to unvested stock options and restricted stock and restricted stock units
Unrecognized compensation cost	$ 1.8	$ 1.9
Expected weighted-average period of unrecognized cost	1 year 10 months 13 days	1 year 10 months 28 days

COMMON STOCK AND STOCK INCENT92

COMMON STOCK AND STOCK INCENTIVE PLANS - Allocation of Stock-based Compensation Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Stock based compensation expense
Stock-based compensation expense recognized	$ 2,238	$ 1,546	$ 2,289
Cost of Sales
Stock based compensation expense
Stock-based compensation expense recognized	1	40	60
Selling, General and Administrative Expenses
Stock based compensation expense
Stock-based compensation expense recognized	2,193	1,392	2,185
Research and Development Expense
Stock based compensation expense
Stock-based compensation expense recognized	$ 44	$ 114	$ 44

INCOME TAXES (Schedule of Unite

INCOME TAXES (Schedule of United States and foreign Income (Loss) Before Income Taxes and Non-Controlling Interest) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
United States and foreign income (loss) before income taxes and non-controlling interest
United States	$ 7,905	$ 19,717	$ (14,809)
Foreign	(6,985)	(51,037)	(13,837)
Income (loss) before income taxes	920	$ (31,320)	$ (28,646)
CAYMAN ISLANDS
INCOME TAXES
Withholding tax	$ 0

INCOME TAXES (Schedule of Compo

INCOME TAXES (Schedule of Components of Provision (Benefit) for Income Taxes) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Current
Foreign	$ 17	$ (5,193)	$ 2,042
Total Current tax expense (benefit)	17	(5,193)	2,042
Deferred
Foreign	771	1,031	(424)
Total Deferred tax expense (benefit)	771	1,031	(424)
Total Tax Expense (benefit)	$ 788	$ (4,162)	$ 1,618

INCOME TAXES (Summary of Unreco

INCOME TAXES (Summary of Unrecognized Tax Benefits) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
INCOME TAXES
Unrecognized tax benefits related to deferred tax assets and federal tax benefit of state income tax items	$ 16,600
Decrease in provision for income taxes due to reduction of gross unrecognized tax benefits	2,600
Accrued interest and penalties	400	$ 400
Unrecognized tax benefits
Beginning balance-gross unrecognized tax benefits (UTB's)	22,694	45,382	$ 45,430
Additions based on tax positions related to the current year		48	142
Reductions for tax positions related to prior years		(835)	(190)
Lapse of statute of limitations	(2,557)	(21,901)
Ending balance-gross unrecognized tax benefits (UTB's)	20,137	22,694	45,382
UTB's as a credit in deferred taxes	14,604	14,604	33,021
Federal benefit of state taxes	2,063	2,063	2,176
UTB's that would impact the effective tax rate	$ 3,470	$ 6,027	$ 10,185

INCOME TAXES (Summary of Compon

INCOME TAXES (Summary of Components of Net Deferred Tax Assets) (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Deferred Tax Assets
Net operating loss carryforward	$ 237,393	$ 215,737
Tax credit carryforwards	67,579	60,385
Capital loss carryforwards		3,742
Written-down/amortization of intangible assets and goodwill	5,554	8,051
Fixed assets	5,997	4,428
Demo equipment income	7,357	7,071
Prepaid expense	736	126
Accrued warranties	(92)	1,230
Other	16,352	38,878
Total Deferred Tax Assets	340,876	339,648
Deferred Tax Liabilities
Allowances and reserves	(8,969)	(8,254)
Other	(335)	(278)
Total Deferred Tax Liabilities	(9,304)	(8,532)
Total Deferred Tax Assets	331,572	331,116
Less: Valuation Allowance	(329,523)	(328,397)
Net Deferred Tax Assets	$ 2,049	$ 2,719

INCOME TAXES (Undistributed Ear

INCOME TAXES (Undistributed Earnings of Foreign Subsidiaries) (Details) $ in Thousands	Dec. 31, 2016USD ($)
Undistributed earnings of foreign subsidiaries
U.S. deferred income tax liability on foreign earnings	$ 0
Undistributed earnings of foreign subsidiaries permanently reinvested outside the United States	$ 77,700

INCOME TAXES (Operating Loss Ca

INCOME TAXES (Operating Loss Carryforwards) (Details) $ in Millions	Dec. 31, 2016USD ($)
U.S Federal and State
Operating loss carryforwards
Valuation allowance against the related deferred tax assets	$ 212.6
U.S Federal
Operating loss carryforwards
Net operating loss carryforwards	548.4
State
Operating loss carryforwards
Net operating loss carryforwards	379.3
Foreign | China
Operating loss carryforwards
Net operating loss carryforwards	56.5
Valuation allowance against the related deferred tax assets	8.5
Foreign | Countries other than the U.S. and China
Operating loss carryforwards
Net operating loss carryforwards	101.9
Valuation allowance against the related deferred tax assets	$ 17.4

INCOME TAXES (Tax Credit) (Deta

INCOME TAXES (Tax Credit) (Details) $ in Millions	Dec. 31, 2016USD ($)
U.S Federal
Tax credit carryforwards
Valuation allowance against the related deferred tax assets	$ 67.6
U.S Federal | Alternative minimum tax credit carryforwards
Tax credit carryforwards
Tax credit carryforwards	1
U.S Federal | Research and development credit carryforwards
Tax credit carryforwards
Tax credit carryforwards	10
Tax Credit Carry Forward Amount Not Subject To Expiration	2.5
Tax Credit Carry Forward Amount Subject To Expiration	7.5
Foreign
Tax credit carryforwards
Tax credit carryforwards	$ 56.5

INCOME TAXES (Schedule of Recon

INCOME TAXES (Schedule of Reconciliation of Effective Income Tax Rate and Federal Statutory Rate) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Reconciliation of effective income tax rate and the federal statutory rate
Federal tax expenses (benefit) at statutory rate	$ 322	$ (10,962)	$ (10,026)
State tax (benefit)/expense, net of federal income tax benefit			628
Stock compensation expense	463	508	745
Effect of differences in foreign tax rates	4,475	(1,520)	7,772
FASB Interpretation No.48" Accounting for Uncertainty in Income taxes" reserve	(2,465)	(7,433)	618
Change in deferred tax valuation allowance	(3,015)	14,241	1,824
Tax credits	0	0	(535)
Other	1,008	1,004	592
Total Tax Expense (benefit)	$ 788	$ (4,162)	$ 1,618

INCOME TAXES (Other - Narrative

INCOME TAXES (Other - Narrative) (Details) $ in Thousands	Oct. 11, 2014	Jan. 01, 2008	Dec. 31, 2016USD ($)item	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)
INCOME TAXES
Statutory tax rate (as a percent)			35.00%
Change in deferred tax valuation allowance			$ (3,015)	$ 14,241	$ 1,824
Income tax benefit related to tax credits			$ 0	$ 0	$ 535
China
INCOME TAXES
Foreign statutory tax rate ((as a percent)			25.00%
Reduced tax rate for qualified high technology enterprises (as a percent)			15.00%
China | U T Starcom Telecom Co Ltd
INCOME TAXES
Number of subsidiaries approved for the reduced tax rate | item			1
Reduced tax rate for qualified high technology enterprises (as a percent)	15.00%	15.00%
Valid period for reduced income tax rate applicable to qualified high technology enterprise	3 years	3 years

OTHER INCOME (EXPENSES), NET (S

OTHER INCOME (EXPENSES), NET (Schedule of Components of Other Income (Expenses), Net) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
OTHER INCOME (EXPENSES), NET
Foreign exchange gains (loss)	$ 1,459	$ (190)	$ (586)
Gain(loss) from the currency translation adjustment	38		(121)
Tax reversal for expiration of the statute of limitations	807		992
ESA loan impairment		2,788	(2,788)
ESA loan interest		1,129
Realized investment gain	83	1,529
UiTV loan impairment		(2,250)
Other	361	483	254
Total	$ 2,748	$ 3,489	$ (2,249)

OTHER INCOME (EXPENSES), NET103

OTHER INCOME (EXPENSES), NET (Schedule of Components of Other Income, Net) (Details) - USD ($) $ in Thousands	Nov. 14, 2014	Feb. 28, 2015	Jan. 31, 2015	Aug. 31, 2014	Jul. 31, 2014	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Dec. 31, 2012	Dec. 31, 2015	Dec. 31, 2014
ESA Cultural Investment (Hong Kong) limited
OTHER INCOME (EXPENSES), NET
Loans receivable, maximum borrowing amount													$ 5,600
Amount drawn													$ 4,000
Interest rate (as a percent)													20.00%
Percentage of Loan Gross Carrying Amount of Extended Maturity Date													50.00%
Loans Receivable Gross Carrying Amount of Extended Maturity Date													$ 2,800
Proceeds from Collection of Loans Receivable									$ 6,000			$ 800
Proceeds from Interest Received									1,100
ESA Cultural Investment (Hong Kong) limited | Other income (expense), net
OTHER INCOME (EXPENSES), NET
Loan amount reserved due to collectability risk									$ 2,800
UiTV
OTHER INCOME (EXPENSES), NET
Amount drawn		$ 1,170	$ 1,170	$ 1,080	$ 1,080
Loan amount reserved due to collectability risk								$ 2,300						$ 2,300
Loans receivable								2,300						2,300
Inphi Corporation
OTHER INCOME (EXPENSES), NET
Shares received in exchange of interest in related party	124,395
Fair value of investment												$ 2,300			$ 2,300
Unrealized gain in other comprehensive income															$ 500
Equity Securities Sold During Period Shares		124,395									124,395
Proceeds from sale of equity		$ 2,400									$ 2,400
Realized gain on other income		$ 600									$ 600
Cash proceeds from sale of assets										$ 700				1,000
Net carrying value of assets sold								0		$ 0				$ 0
Escrow deposit						$ 100		$ 300
Inphi Corporation | Other income (expense), net
OTHER INCOME (EXPENSES), NET
Escrow deposit							$ 100
Cortina
OTHER INCOME (EXPENSES), NET
Investment Ownership Percentage Disposed Of	1.00%

NET INCOME (LOSS) PER SHARE (Sc

NET INCOME (LOSS) PER SHARE (Schedule of Computation of Basic and Diluted Net Income Per Share) (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Numerator:
Net income (loss) attributable to UTStarcom Holdings Corp.	$ 290	$ (27,158)	$ (30,264)
Denominator:
Weighted average shares outstanding - Basic	35,806	37,003	37,380
Potentially dilutive common stock equivalents-stock options and restricted stock (in shares)	596
Weighted average shares outstanding-Diluted	36,402	37,003	37,380
Net Income (loss) per share attributable to UTStarcom Holdings Corp. - Basic	$ 0.01	$ (0.74)	$ (0.81)
Net income (loss) per share attributable to UTStarcom Holdings Corp.-Diluted	$ 0.01	$ (0.74)	$ (0.81)
Potential dilutive ordinary shares	1,400	0	0

SEGMENT REPORTING (Summary of t

SEGMENT REPORTING (Summary of the Company's Segment Net Sales, Gross Profit and Segment Margin) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
SEGMENT REPORTING
Net Sales by Segment	$ 86,512	$ 117,103	$ 129,420
Net Sales by Segment (as a percent)	100.00%	100.00%	100.00%
Gross profit/(loss) by Segment	$ 28,356	$ 27,868	$ 22,128
Gross profit/(loss) by Segment (as a percent)	33.00%	24.00%	17.00%
Income (loss) before income taxes	$ 920	$ (31,320)	$ (28,646)
Operating segments
SEGMENT REPORTING
Total	20,103	18,496	7,666
Operating segments | Equipment
SEGMENT REPORTING
Net Sales by Segment	$ 61,735	$ 87,361	$ 105,988
Net Sales by Segment (as a percent)	71.00%	75.00%	82.00%
Gross profit/(loss) by Segment	$ 20,263	$ 21,470	$ 21,000
Gross profit/(loss) by Segment (as a percent)	33.00%	25.00%	20.00%
Total	$ 12,010	$ 12,097	$ 6,583
Operating segments | Services
SEGMENT REPORTING
Net Sales by Segment	$ 24,777	$ 29,742	$ 23,432
Net Sales by Segment (as a percent)	29.00%	25.00%	18.00%
Gross profit/(loss) by Segment	$ 8,093	$ 6,398	$ 1,128
Gross profit/(loss) by Segment (as a percent)	33.00%	22.00%	5.00%
Total	$ 8,093	$ 6,399	$ 1,083
General and Corporate
SEGMENT REPORTING
General and Corporate	$ (19,183)	$ (49,816)	$ (36,312)

SEGMENT REPORTING (Schedule of

SEGMENT REPORTING (Schedule of Sales Data by Geographical Area) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
SEGMENT REPORTING
Net Sales by Segment	$ 86,512	$ 117,103	$ 129,420
Net Sales by Segment (as a percent)	100.00%	100.00%	100.00%
China
SEGMENT REPORTING
Net Sales by Segment	$ 4,021	$ 9,490	$ 15,465
Net Sales by Segment (as a percent)	5.00%	8.00%	12.00%
JAPAN [Member]
SEGMENT REPORTING
Net Sales by Segment	$ 45,561	$ 57,483	$ 58,999
Net Sales by Segment (as a percent)	52.00%	49.00%	46.00%
India
SEGMENT REPORTING
Net Sales by Segment	$ 33,021	$ 34,836	$ 37,424
Net Sales by Segment (as a percent)	38.00%	30.00%	29.00%
TAIWAN [Member]
SEGMENT REPORTING
Net Sales by Segment	$ 3,217	$ 7,904	$ 6,706
Net Sales by Segment (as a percent)	4.00%	7.00%	5.00%
Other
SEGMENT REPORTING
Net Sales by Segment	$ 692	$ 7,390	$ 10,826
Net Sales by Segment (as a percent)	1.00%	6.00%	8.00%

SEGMENT REPORTING (Schedule 107

SEGMENT REPORTING (Schedule of Long-lived Assets, consisting of Property, Plant and Equipment, by Geographical Area) (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
SEGMENT REPORTING
Long-lived assets	$ 1,610	$ 1,510
China
SEGMENT REPORTING
Long-lived assets	1,357	1,100
Other
SEGMENT REPORTING
Long-lived assets	$ 253	$ 410

CREDIT RISK AND CONCENTRATIO108

CREDIT RISK AND CONCENTRATION (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Concentration Risk
Increase or decrease in interest rates of short-term investments that will not significantly affect the fair value of investment portfolio (as a percent)	10.00%
Cash, Cash Equivalents and Short Term Investments | Countries Other than US | Credit Concentration Risk
Concentration Risk
Cash and cash equivalents and short-term investments	$ 53.8	$ 64.1
Accounts Receivable | Customer Concentration Risk | Softbank and affiliates
Concentration Risk
Concentration of risk (as a percent)	57.00%	69.00%
Sales Revenue, Net | Customer Concentration Risk | Softbank and affiliates
Concentration Risk
Concentration of risk (as a percent)	50.00%	47.00%	44.00%
Sales Revenue, Net | Customer Concentration Risk | Bharat Sanchar Nigam LTD and affiliates.
Concentration Risk
Concentration of risk (as a percent)	35.00%	17.00%	21.00%
Sales Revenue, Net | China | Geographic Concentration Risk
Concentration Risk
Concentration of risk (as a percent)	5.00%	8.00%	12.00%
Subsidiaries | Cash, Cash Equivalents and Short Term Investments | China | Credit Concentration Risk
Concentration Risk
Cash and cash equivalents and short-term investments	$ 13.5	$ 19.8

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details) $ in Millions	12 Months Ended
	Dec. 31, 2016USD ($)
Virtual Gateway Labs, Inc | Tim Ti
RELATED PARTY TRANSACTIONS
Payments to related party for remuneration for service	$ 0.2

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details)	May 30, 2017USD ($)$ / sharesshares	Mar. 31, 2017director$ / shares	Sep. 30, 2017USD ($)	Jun. 30, 2017USD ($)	May 31, 2017USD ($)	Dec. 31, 2016USD ($)	Nov. 12, 2014USD ($)
Repurchase program November 2014
SUBSEQUENT EVENTS
Maximum ordinary shares outstanding under the repurchase program							$ 40,000,000
Subsequent Event | Non-binding proposal letter
SUBSEQUENT EVENTS
Ordinary share price per share (in dollars per share) | $ / shares		$ 2.15
Number of independent directors | director		2
AioTV
SUBSEQUENT EVENTS
Carrying amount of the investment						$ 1,700,000
AioTV | Subsequent Event | Note Purchase Agreement
SUBSEQUENT EVENTS
Principal amount	$ 480,685
Carrying amount of the investment	$ 800,000				$ 800,000
AioTV | Subsequent Event | Common Stock | Note Purchase Agreement
SUBSEQUENT EVENTS
Preferred stock converted to common shares | shares	25,527,008
Convertible debentures converted to ordinary shares | shares	2,269,856
Conversion price (in dollars per share) | $ / shares	$ 0.320937
Debt instrument, conversion price (in dollars per share) | $ / shares	$ 0.253790596
Series B preferred stock | AioTV
SUBSEQUENT EVENTS
Equity method investment, ownership interest (as a percent)						44.00%
Carrying amount of the investment						$ 900,000
Series B preferred stock | AioTV | Subsequent Event | Note Purchase Agreement
SUBSEQUENT EVENTS
Convertible shares | shares	25,527,008
Convertible bonds of privately-held company | AioTV
SUBSEQUENT EVENTS
Carrying amount of the investment						$ 800,000
Convertible bonds of privately-held company | AioTV | Subsequent Event | Note Purchase Agreement
SUBSEQUENT EVENTS
Convertible promissory note, value	$ 319,315
Payments to acquire investments			$ 380,000	$ 100,000
Convertible debentures | AioTV | Subsequent Event | Note Purchase Agreement
SUBSEQUENT EVENTS
Principal amount	576,068
Accrued and unpaid interests	$ 500,000

SCHEDULE I CONDENSED FINANCI111

SCHEDULE I CONDENSED FINANCIAL INFORMATION OF REGISTRANT (REGISTRANT BALANCE SHEETS) (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
ASSETS
Total assets	$ 178,703	$ 198,379
Current liabilities:
Accounts payable-intercompany	22,480	16,400
Total current liabilities	87,168	97,789
Total liabilities	95,962	114,602
Stockholders' equity:
Ordinary shares: $0.00375 par value; 250,000 authorized shares; 39,009 and 38,465 shares issued at December 31, 2016 and December 31, 2015, respectively; 35,225 and 36,735 shares outstanding at December 31, 2016 and December 31, 2015, respectively	122	122
Additional paid-in capital	1,262,005	1,259,767
Treasury stock, at cost: 3,784 and 1,730 shares at December 31, 2016 and December 31, 2015, respectively	(8,234)	(4,138)
Accumulated deficit	(1,233,154)	(1,233,444)
Accumulated other comprehensive income	62,002	61,470
Total stockholders' equity	82,741	83,777
Total liabilities and stockholders' equity	178,703	198,379
UTSTARCOM HOLDINGS CORP
ASSETS
Investment in subsidiaries	93,973	92,618
Total assets	93,973	92,618
Current liabilities:
Accounts payable-intercompany	11,232	8,841
Total current liabilities	11,232	8,841
Total liabilities	11,232	8,841
Stockholders' equity:
Ordinary shares: $0.00375 par value; 250,000 authorized shares; 39,009 and 38,465 shares issued at December 31, 2016 and December 31, 2015, respectively; 35,225 and 36,735 shares outstanding at December 31, 2016 and December 31, 2015, respectively	122	122
Additional paid-in capital	1,262,005	1,259,767
Treasury stock, at cost: 3,784 and 1,730 shares at December 31, 2016 and December 31, 2015, respectively	(8,234)	(4,138)
Accumulated deficit	(1,233,154)	(1,233,444)
Accumulated other comprehensive income	62,002	61,470
Total stockholders' equity	82,741	83,777
Total liabilities and stockholders' equity	$ 93,973	$ 92,618

SCHEDULE I CONDENSED FINANCI112

SCHEDULE I CONDENSED FINANCIAL INFORMATION OF REGISTRANT (REGISTRANT BALANCE SHEETS) (Details) (Parenthetical) - $ / shares shares in Thousands	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Common Stock, Par or Stated Value Per Share	$ 0.00375	$ 0.00375
Ordinary share, authorized shares	250,000	250,000
Ordinary share, shares issued	39,009	38,465
Ordinary share, shares outstanding	35,225	36,735
Treasury shares	3,784	1,730
UTSTARCOM HOLDINGS CORP
Common Stock, Par or Stated Value Per Share		$ 0.00375	$ 0.00375
Ordinary share, authorized shares	250,000	250,000
Ordinary share, shares issued	39,009	38,465
Ordinary share, shares outstanding	35,225	36,735
Treasury shares	3,784	1,730

SCHEDULE I CONDENSED FINANCI113

SCHEDULE I CONDENSED FINANCIAL INFORMATION OF REGISTRANT (RESULTS OF OPERATIONS ) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Condensed Financial Statements
Gross profit	$ 28,356	$ 27,868	$ 22,128
Operating expenses:
Selling, general and administrative	18,146	21,515	24,515
Research and development	8,502	11,342	11,686
Total operating expenses	26,648	32,857	36,201
Operating loss	1,708	(4,989)	(14,073)
Interest income	871	557	589
Interest expense	(55)	(76)	(88)
Other income, net	2,748	3,489	(2,249)
Equity in net income (loss) of affiliated companies	984	(13,954)	(8,878)
Income tax benefit (expense)	788	(4,162)	1,618
Net income (loss) attributable to UTStarcom Holdings Corp.	290	(27,158)	(30,264)
UTSTARCOM HOLDINGS CORP
Operating expenses:
Selling, general and administrative	671	928	1,398
Total operating expenses	671	928	1,398
Operating loss	(671)	(928)	(1,398)
Loss before income taxes and equity in loss of affiliated companies	(671)	(928)	(1,398)
Equity in net income (loss) of affiliated companies	803	(26,230)	(28,866)
Net income (loss) attributable to UTStarcom Holdings Corp.	$ 132	$ (27,158)	$ (30,264)

SCHEDULE II VALUATION AND QU114

SCHEDULE II VALUATION AND QUALIFYING ACCOUNTS AND RESERVES (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Changes in valuation and qualifying accounts
Removal of tax valuation allowance for expiration of net operating loss carryforwards		$ 3,000	$ 35,600
Removal of tax valuation allowance for Utilization of foreign tax credits		27,000
Allowance for doubtful accounts
Changes in valuation and qualifying accounts
Balance at beginning of period	$ 4,564	10,877	11,063
Charged (credited) to costs and expenses	1,564	103	49
(Deductions) Adjustments	(3,789)	(6,416)	(235)
Balance at end of period	2,339	4,564	10,877
Tax valuation allowance
Changes in valuation and qualifying accounts
Balance at beginning of period	328,397	368,672	422,789
Charged (credited) to costs and expenses	(3,016)	(11,090)	1,824
Credited to other accounts	4,142	(29,185)	(55,941)
Balance at end of period	$ 329,523	$ 328,397	$ 368,672