Document_and_Entity_Informatio
Document and Entity Information | 9 Months Ended | |
Sep. 30, 2013 | Oct. 30, 2013 | |
Document And Entity Information [Abstract] | ' | ' |
Document Type | '10-Q | ' |
Amendment Flag | 'false | ' |
Document Period End Date | 30-Sep-13 | ' |
Document Fiscal Year Focus | '2013 | ' |
Document Fiscal Period Focus | 'Q3 | ' |
Entity Registrant Name | 'MKS INSTRUMENTS INC | ' |
Entity Central Index Key | '0001049502 | ' |
Current Fiscal Year End Date | '--12-31 | ' |
Entity Filer Category | 'Large Accelerated Filer | ' |
Entity Common Stock, Shares Outstanding | ' | 53,228,335 |
Consolidated_Balance_Sheets
Consolidated Balance Sheets (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Current assets: | ' | ' |
Cash and cash equivalents | $254,778 | $287,588 |
Short-term investments | 365,876 | 327,653 |
Trade accounts receivable, net | 98,133 | 82,060 |
Inventories | 136,060 | 134,639 |
Deferred income taxes | 10,059 | 8,194 |
Other current assets | 28,651 | 28,048 |
Total current assets | 893,557 | 868,182 |
Property, plant and equipment, net | 78,020 | 80,516 |
Long-term investments | 5,183 | 12,158 |
Goodwill | 150,700 | 150,733 |
Intangible assets, net | 13,316 | 11,561 |
Other assets | 31,198 | 29,412 |
Total assets | 1,171,974 | 1,152,562 |
Current liabilities: | ' | ' |
Accounts payable | 27,304 | 16,803 |
Accrued compensation | 25,190 | 20,955 |
Income taxes payable | 7,768 | 4,148 |
Other current liabilities | 35,899 | 37,405 |
Total current liabilities | 96,161 | 79,311 |
Other liabilities | 70,391 | 61,095 |
Commitments and contingencies (Note 18) | ' | ' |
Stockholders' equity: | ' | ' |
Preferred Stock, $0.01 par value per share, 2,000,000 shares authorized; none issued and outstanding | ' | ' |
Common Stock, no par value, 200,000,000 shares authorized; 53,171,905 and 52,748,849 shares issued and outstanding at September 30, 2013 and December 31, 2012, respectively | 113 | 113 |
Additional paid-in capital | 726,018 | 718,005 |
Retained earnings | 267,246 | 278,583 |
Accumulated other comprehensive income | 12,045 | 15,455 |
Total stockholders' equity | 1,005,422 | 1,012,156 |
Total liabilities and stockholders' equity | $1,171,974 | $1,152,562 |
Consolidated_Balance_Sheets_Pa
Consolidated Balance Sheets (Parenthetical) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
Statement Of Financial Position [Abstract] | ' | ' |
Preferred Stock, par value | $0.01 | $0.01 |
Preferred Stock, shares authorized | 2,000,000 | 2,000,000 |
Preferred Stock, shares issued | 0 | 0 |
Preferred Stock, shares outstanding | 0 | 0 |
Common Stock, par value | $0 | $0 |
Common Stock, shares authorized | 200,000,000 | 200,000,000 |
Common Stock, shares issued | 53,171,905 | 52,748,849 |
Common Stock, shares outstanding | 53,171,905 | 52,748,849 |
Consolidated_Statements_of_Ope
Consolidated Statements of Operations and Comprehensive Income (USD $) | 3 Months Ended | 9 Months Ended | ||||||
In Thousands, except Per Share data, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | ||||
Net revenues: | ' | ' | ' | ' | ||||
Products | $139,846 | $114,647 | $388,998 | $427,986 | ||||
Services | 26,607 | 26,800 | 76,028 | 81,726 | ||||
Total net revenues | 166,453 | 141,447 | 465,026 | 509,712 | ||||
Cost of revenues: | ' | ' | ' | ' | ||||
Cost of products | 87,809 | 68,304 | 237,590 | 243,950 | ||||
Cost of services | 16,410 | 16,572 | 48,542 | 48,884 | ||||
Total cost of revenues | 104,219 | 84,876 | 286,132 | 292,834 | ||||
Gross profit | 62,234 | 56,571 | 178,894 | 216,878 | ||||
Research and development | 15,257 | 14,136 | 47,318 | 45,911 | ||||
Selling, general and administrative | 33,158 | 29,661 | 102,140 | 96,332 | ||||
Litigation | ' | 5,316 | ' | 5,316 | ||||
Insurance reimbursement | ' | ' | -1,071 | ' | ||||
Completed acquisition costs | ' | 851 | 171 | 1,258 | ||||
Restructuring | 1,126 | ' | 1,364 | ' | ||||
Amortization of intangible assets | 361 | 215 | 1,537 | 453 | ||||
Income from operations | 12,332 | 6,392 | 27,435 | 67,608 | ||||
Interest income | 221 | 299 | 760 | 760 | ||||
Interest expense | 13 | 32 | 50 | 92 | ||||
Income before income taxes | 12,540 | 6,659 | 28,145 | 68,276 | ||||
Provision for income taxes | 10,082 | 4,079 | 12,606 | 24,356 | ||||
Net income | 2,458 | 2,580 | 15,539 | 43,920 | ||||
Other comprehensive income: | ' | ' | ' | ' | ||||
Changes in value of financial instruments designated as cash flow hedges, net of tax (benefit) expense | -891 | [1] | -417 | [1] | 185 | [1] | -297 | [1] |
Foreign currency translation adjustments, net of tax of $0 for the three and nine months ended September 30, 2013 and 2012 | 5,593 | 6,007 | -3,582 | 1,955 | ||||
Unrealized gain (loss) on investments, net of tax expense (benefit) | 48 | [2] | 70 | [2] | -13 | [2] | 3 | [2] |
Total comprehensive income | $7,208 | $8,240 | $12,129 | $45,581 | ||||
Net income per share: | ' | ' | ' | ' | ||||
Basic | $0.05 | $0.05 | $0.29 | $0.83 | ||||
Diluted | $0.05 | $0.05 | $0.29 | $0.82 | ||||
Cash dividends per common share | $0.16 | $0.16 | $0.48 | $0.46 | ||||
Weighted average common shares outstanding: | ' | ' | ' | ' | ||||
Basic | 53,165 | 52,854 | 52,998 | 52,679 | ||||
Diluted | 53,513 | 53,290 | 53,410 | 53,240 | ||||
[1] | (1) Tax (benefit) was $(491) and $(260) for the three months ended September 30, 2013 and 2012, respectively. Tax expense (benefit) was $161 and $(177) for the nine months ended September 30, 2013 and 2012, respectively. | |||||||
[2] | (2) Tax expense was $26 and $44 for the three months ended September 30, 2013 and 2012, respectively. Tax (benefit) expense was $(11) and $2 for the nine months ended September 30, 2013 and 2012, respectively. |
Consolidated_Statements_of_Ope1
Consolidated Statements of Operations and Comprehensive Income (Parenthetical) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Income Statement [Abstract] | ' | ' | ' | ' |
Tax expense (benefit) on changes in value of financial instruments designated as cash flow hedges | ($491) | ($260) | $161 | ($177) |
Tax on foreign currency translation adjustments | 0 | 0 | 0 | 0 |
Tax (benefit) expense on unrealized gain (loss) on investments | $26 | $44 | ($11) | $2 |
Consolidated_Statements_of_Cas
Consolidated Statements of Cash Flows (USD $) | 9 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 |
Cash flows from operating activities: | ' | ' |
Net income | $15,539 | $43,920 |
Adjustments to reconcile net income to net cash provided by operating activities: | ' | ' |
Depreciation and amortization | 12,715 | 10,197 |
Stock-based compensation | 11,509 | 9,900 |
Provision for excess and obsolete inventory | 16,554 | 12,596 |
Deferred income taxes | 3,623 | 3,059 |
Excess tax benefits from stock-based compensation | -825 | -1,998 |
Other | 1,234 | 610 |
Changes in operating assets and liabilities: | ' | ' |
Trade accounts receivable | -17,702 | 33,992 |
Inventories | -17,949 | -893 |
Income taxes | 3,887 | 715 |
Other current assets | -2,974 | 2,984 |
Accrued compensation and other liabilities | 5,912 | 7,516 |
Accounts payable | 10,468 | -8,750 |
Other non-current assets | -209 | ' |
Net cash provided by operating activities | 41,782 | 113,848 |
Cash flows from investing activities: | ' | ' |
Acquisition of businesses, net of cash acquired | -2,326 | -24,385 |
Purchases of investments | -374,998 | -363,040 |
Maturities of investments | 253,231 | 161,102 |
Sales of investments | 90,580 | 126,928 |
Purchases of property, plant and equipment | -9,154 | -11,040 |
Other | -59 | -347 |
Net cash used in investing activities | -42,726 | -110,782 |
Cash flows from financing activities: | ' | ' |
Proceeds from short-term borrowings | 6 | 2,896 |
Payments on short-term borrowings | -776 | -4,956 |
Repurchase of common stock | -2,875 | -7,026 |
Net payments related to employee stock awards | -2,464 | -830 |
Dividend payments to common stockholders | -25,458 | -24,261 |
Excess tax benefits from stock-based compensation | 825 | 1,998 |
Net cash used in financing activities | -30,742 | -32,179 |
Effect of exchange rate changes on cash and cash equivalents | -1,124 | 1,165 |
Decrease in cash and cash equivalents | -32,810 | -27,948 |
Cash and cash equivalents at beginning of period | 287,588 | 312,916 |
Cash and cash equivalents at end of period | $254,778 | $284,968 |
Basis_of_Presentation
Basis of Presentation | 9 Months Ended | ||||||||||||
Sep. 30, 2013 | |||||||||||||
Accounting Policies [Abstract] | ' | ||||||||||||
Basis of Presentation | ' | ||||||||||||
1) | Basis of Presentation | ||||||||||||
The terms “MKS” and the “Company” refer to MKS Instruments, Inc. and its subsidiaries. The interim financial data as of September 30, 2013 and for the three and nine months ended September 30, 2013 and 2012 are unaudited; however, in the opinion of MKS, the interim data includes all adjustments, consisting only of normal recurring adjustments, necessary for a fair statement of the results for the interim periods. The consolidated balance sheet presented as of December 31, 2012 has been derived from the audited consolidated financial statements as of that date. The unaudited consolidated financial statements presented herein have been prepared in accordance with the instructions to Form 10-Q and do not include all of the information and note disclosures required by United States generally accepted accounting principles (“U.S. GAAP”). The consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in the MKS Annual Report on Form 10-K for the year ended December 31, 2012 filed with the Securities and Exchange Commission on February 26, 2013. | |||||||||||||
The preparation of these consolidated financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. On an on-going basis, management evaluates its estimates and judgments, including those related to revenue recognition, stock-based compensation, inventory, intangible assets, goodwill and other long-lived assets, acquisition expenses, income taxes and investments. Management bases its estimates and judgments on historical experience and on various other factors that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates under different assumptions or conditions. | |||||||||||||
Revision of prior period financial statements | |||||||||||||
During the three months ended September 30, 2013, the Company identified a prior period error which affected the previous balance sheets of all interim periods in 2013 and all interim and annual periods in 2012 and 2011 and certain footnote disclosures for annual periods in 2012, 2011 and 2010. The Company previously reported the amounts of its uncertain tax positions on the balance sheets net instead of gross. The Company considered the guidance in Accounting Standards Codification (“ASC”) Topic 740-10-45, Other Presentation Matters and ASC Topic 210-20, Offsetting with respect to this matter. The error had no impact to the income statement, statements of cash flows or the statements of stockholders’ equity of any previously reported periods. In evaluating whether our previously issued consolidated financial statements were materially misstated, the Company considered the guidance in ASC Topic 250, Accounting Changes and Error Corrections, ASC Topic 250-10-S99-1, Assessing Materiality, and ASC Topic 250-10-S99-2, Considering the Effects of Prior Year Misstatements when Quantifying Misstatements in Current Year Financial Statements. The Company concluded this error was not material to the prior reporting periods, or to the 2013 results, and therefore, amendments of previously filed reports were not required. Accordingly, during the three months ended September 30, 2013, the Company recorded these prior period adjustments to correct this error. The revisions for these corrections to the applicable prior periods are reflected in the financial information herein and will be reflected in future filings containing such financial information. | |||||||||||||
The tables below reflect the revisions in the balance sheet line items for the periods ended December 31, 2012 and 2011. | |||||||||||||
December 31, 2012 | |||||||||||||
As previously | Adjustment | As revised | |||||||||||
reported | |||||||||||||
Other assets | $ | 11,692 | $ | 17,720 | $ | 29,412 | |||||||
Other liabilities | $ | 43,375 | $ | 17,720 | $ | 61,095 | |||||||
31-Dec-11 | |||||||||||||
As previously | Adjustment | As revised | |||||||||||
reported | |||||||||||||
Other assets | $ | 12,266 | $ | 15,281 | $ | 27,547 | |||||||
Other liabilities | $ | 32,211 | $ | 15,281 | $ | 47,492 | |||||||
The tables below reflect the sections in certain footnotes that were affected by the revision for the periods ended December 31, 2012 and 2011. | |||||||||||||
Other Assets | |||||||||||||
December 31, 2012 | |||||||||||||
As previously | Adjustment | As revised | |||||||||||
reported | |||||||||||||
Deferred tax assets, net | $ | 9,497 | $ | — | $ | 9,497 | |||||||
Long-term income tax receivable | — | 17,720 | 17,720 | ||||||||||
Other | 2,195 | — | 2,195 | ||||||||||
$ | 11,692 | $ | 17,720 | $ | 29,412 | ||||||||
31-Dec-11 | |||||||||||||
As previously | Adjustment | As revised | |||||||||||
reported | |||||||||||||
Deferred tax assets, net | $ | 10,274 | $ | — | $ | 10,274 | |||||||
Long-term income tax receivable | — | 15,281 | 15,281 | ||||||||||
Other | 1,992 | — | 1,992 | ||||||||||
$ | 12,266 | $ | 15,281 | $ | 27,547 | ||||||||
Other Liabilities | |||||||||||||
31-Dec-12 | |||||||||||||
As previously | Adjustment | As revised | |||||||||||
reported | |||||||||||||
Long-term income tax payable | $ | 20,880 | $ | 17,720 | $ | 38,600 | |||||||
Accrued compensation | 18,750 | — | 18,750 | ||||||||||
Other | 3,745 | — | 3,745 | ||||||||||
$ | 43,375 | $ | 17,720 | $ | 61,095 | ||||||||
December 31, 2011 | |||||||||||||
As previously | Adjustment | As revised | |||||||||||
reported | |||||||||||||
Long-term income tax payable | $ | 16,084 | $ | 15,281 | $ | 31,365 | |||||||
Accrued compensation | 15,174 | — | 15,174 | ||||||||||
Other | 953 | — | 953 | ||||||||||
$ | 32,211 | $ | 15,281 | $ | 47,492 | ||||||||
Income Taxes | |||||||||||||
December 31, 2012 | |||||||||||||
As previously | Adjustment | As revised | |||||||||||
reported | |||||||||||||
Current taxes: | |||||||||||||
United States | $ | 10,431 | $ | 4,314 | $ | 14,745 | |||||||
State | 783 | — | 783 | ||||||||||
Foreign | 12,074 | (4,314 | ) | 7,760 | |||||||||
$ | 23,288 | $ | — | $ | 23,288 | ||||||||
31-Dec-11 | |||||||||||||
As previously | Adjustment | As revised | |||||||||||
reported | |||||||||||||
Current taxes: | |||||||||||||
United States | $ | 25,824 | $ | 15,032 | $ | 40,856 | |||||||
State | 2,602 | — | 2,602 | ||||||||||
Foreign | 20,346 | (15,032 | ) | 5,314 | |||||||||
$ | 48,772 | $ | — | $ | 48,772 | ||||||||
December 31, 2010 | |||||||||||||
As previously | Adjustment | As revised | |||||||||||
reported | |||||||||||||
Current taxes: | |||||||||||||
United States | $ | 27,789 | $ | 8,807 | $ | 36,596 | |||||||
State | 3,323 | — | 3,323 | ||||||||||
Foreign | 22,296 | (8,807 | ) | 13,489 | |||||||||
$ | 53,408 | $ | — | $ | 53,408 | ||||||||
Segment Note | |||||||||||||
A reconciliation of segment assets to consolidated total assets is as follows: | |||||||||||||
December 31, 2012 | |||||||||||||
As previously | Adjustment | As revised | |||||||||||
reported | |||||||||||||
Total segment assets | $ | 216,699 | $ | — | $ | 216,699 | |||||||
Cash and cash equivalents and investments | 627,399 | — | 627,399 | ||||||||||
Other current assets | 36,242 | — | 36,242 | ||||||||||
Property, plant and equipment, net | 80,516 | — | 80,516 | ||||||||||
Goodwill and intangible assets, net | 162,294 | — | 162,294 | ||||||||||
Other assets | 11,692 | 17,720 | 29,412 | ||||||||||
Consolidated total assets | $ | 1,134,842 | $ | 17,720 | $ | 1,152,562 | |||||||
December 31, 2011 | |||||||||||||
As previously | Adjustment | As revised | |||||||||||
reported | |||||||||||||
Total segment assets | $ | 274,526 | $ | — | $ | 274,526 | |||||||
Cash and cash equivalents and investments | 573,392 | — | 573,392 | ||||||||||
Other current assets | 44,856 | — | 44,856 | ||||||||||
Property, plant and equipment, net | 72,487 | — | 72,487 | ||||||||||
Goodwill and intangible assets, net | 141,127 | — | 141,127 | ||||||||||
Other assets | 12,266 | 15,281 | 27,547 | ||||||||||
Consolidated total assets | $ | 1,118,654 | $ | 15,281 | $ | 1,133,935 |
Recently_Issued_Accounting_Pro
Recently Issued Accounting Pronouncements | 9 Months Ended | |
Sep. 30, 2013 | ||
Accounting Changes And Error Corrections [Abstract] | ' | |
Recently Issued Accounting Pronouncements | ' | |
2) | Recently Issued Accounting Pronouncements | |
In December 2011, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2011-11, “Disclosures about Offsetting Assets and Liabilities.” This ASU is intended to enhance the understanding of the effects of netting arrangements on an entity’s financial statements, including financial instruments and derivative instruments that are either offset or subject to a master netting arrangement. The scope of this ASU includes derivatives, sale and repurchase agreements, reverse sale and repurchase agreements, and securities borrowing and lending arrangements. In January 2013, the FASB issued ASU No. 2013-01 “Clarifying the Scope of Disclosures about Offsetting Assets and Liabilities.” This standard provided additional guidance on the scope of ASU No. 2011-11. The provisions of this ASU are effective for interim and annual periods beginning on or after January 1, 2013. The adoption of ASU No. 2011-11 did not have a material effect on the Company’s consolidated financial statements. | ||
On February 5, 2013, the FASB issued ASU No. 2013-02, “Other Comprehensive Income (Topic 220: Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income.” This ASU is intended to improve the reporting of reclassifications out of accumulated other comprehensive income by requiring an entity to provide information about the amounts reclassified out of accumulated other comprehensive income by component. In addition, an entity is required to present, either on the face of the statement where net income is presented or in the notes, significant amounts reclassified out of accumulated other comprehensive income, by the respective line items of net income but only if the amount reclassified is required under U.S. GAAP to be reclassified to net income in its entirely in the same reporting period. For other amounts that are not required under U.S. GAAP to be reclassified in their entirety to net income, an entity is required to cross-reference to other disclosures required under U.S. GAAP that provide additional detail about those amounts. The provisions of this ASU are effective prospectively for interim and annual periods beginning after December 15, 2012. The adoption of ASU No. 2013-12 did not have a material effect on the Company’s consolidated financial statements. | ||
On July 18, 2013, the FASB issued ASU 2013-11, “Income Taxes (Topic 740): Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists.” Under the new standard, unrecognized tax benefits will be netted against all available same-jurisdiction loss or other tax carryforwards that would be utilized, rather than only against carryforwards that are created by unrecognized tax benefits. The provisions of this ASU are effective for interim and annual periods beginning on or after December 15, 2013. The adoption of ASU No. 2013-11 is not expected to have a material effect on the Company’s consolidated financial statements. |
Investments
Investments | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Investments Debt And Equity Securities [Abstract] | ' | ||||||||||||||||
Investments | ' | ||||||||||||||||
3) | Investments | ||||||||||||||||
The fair value of short-term investments with maturities or estimated lives of less than one year consists of the following: | |||||||||||||||||
September 30, 2013 | December 31, 2012 | ||||||||||||||||
Available-for-sale investments: | |||||||||||||||||
Bankers’ acceptance drafts | $ | 330 | $ | 242 | |||||||||||||
Time deposits | 77,577 | 52 | |||||||||||||||
Commercial paper and corporate obligations | 81,308 | — | |||||||||||||||
U.S. treasury obligations | — | 13,054 | |||||||||||||||
U.S. agency obligations | 205,702 | 313,514 | |||||||||||||||
364,917 | 326,862 | ||||||||||||||||
Trading investments: | |||||||||||||||||
Mutual funds | 959 | 791 | |||||||||||||||
$ | 365,876 | $ | 327,653 | ||||||||||||||
The fair value of long-term investments with maturities of more than one year consists of the following: | |||||||||||||||||
September 30, 2013 | December 31, 2012 | ||||||||||||||||
Available-for-sale investments: | |||||||||||||||||
Time deposits | $ | 56 | $ | — | |||||||||||||
U.S. agency obligations | 5,127 | 12,158 | |||||||||||||||
$ | 5,183 | $ | 12,158 | ||||||||||||||
The following tables show the gross unrealized gains and (losses) aggregated by investment category for short-term and long-term available-for-sale investments: | |||||||||||||||||
As of September 30, 2013: | Cost | Gross | Gross | Estimated | |||||||||||||
Unrealized | Unrealized | Fair Value | |||||||||||||||
Gains | (Losses) | ||||||||||||||||
Short-term investments: | |||||||||||||||||
Bankers’ acceptance drafts | $ | 330 | $ | — | $ | — | $ | 330 | |||||||||
Time deposits | 77,575 | 5 | (3 | ) | 77,577 | ||||||||||||
Commercial paper and corporate obligations | 81,300 | 10 | (2 | ) | 81,308 | ||||||||||||
U.S. agency obligations | 205,639 | 63 | — | 205,702 | |||||||||||||
$ | 364,844 | $ | 78 | $ | (5 | ) | $ | 364,917 | |||||||||
Long-term investments: | |||||||||||||||||
Time deposits | $ | 56 | $ | — | $ | — | $ | 56 | |||||||||
U.S. agency obligations | 5,122 | 5 | — | 5,127 | |||||||||||||
U.S. agency obligations | $ | 5,178 | $ | 5 | $ | — | $ | 5,183 | |||||||||
As of December 31, 2012: | Cost | Gross | Gross | Estimated | |||||||||||||
Unrealized | Unrealized | Fair Value | |||||||||||||||
Gains | (Losses) | ||||||||||||||||
Short-term investments: | |||||||||||||||||
Time deposits | $ | 52 | $ | — | $ | — | $ | 52 | |||||||||
Bankers’ acceptance drafts | 242 | — | — | 242 | |||||||||||||
U.S. treasury obligations | 13,045 | 9 | — | 13,054 | |||||||||||||
U.S. agency obligations | 313,262 | 258 | (6 | ) | 313,514 | ||||||||||||
$ | 326,601 | $ | 267 | $ | (6 | ) | $ | 326,862 | |||||||||
Long-term investments: | |||||||||||||||||
U.S. agency obligations | $ | 12,156 | $ | 2 | $ | — | $ | 12,158 | |||||||||
Interest income is accrued as earned. Dividend income is recognized as income on the date the stock trades “ex-dividend.” The cost of marketable securities sold is determined by the specific identification method. Realized gains or (losses) are reflected in income and were not material for the three and nine months ended September 30, 2013 and 2012, respectively. | |||||||||||||||||
The gains and (losses) for trading investments were immaterial for the three and nine months ended September 30, 2013 and 2012. |
Fair_Value_Measurements
Fair Value Measurements | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Fair Value Disclosures [Abstract] | ' | ||||||||||||||||
Fair Value Measurements | ' | ||||||||||||||||
4) | Fair Value Measurements | ||||||||||||||||
In accordance with the provisions of fair value accounting, a fair value measurement assumes that the transaction to sell an asset or transfer a liability occurs in the principal market for the asset or liability or, in the absence of a principal market, the most advantageous market for the asset or liability and defines fair value based upon an exit price model. | |||||||||||||||||
The fair value measurement guidance establishes a fair value hierarchy which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The guidance describes three levels of inputs that may be used to measure fair value: | |||||||||||||||||
Level 1 | Quoted prices (unadjusted) in active markets for identical assets or liabilities assessed at the measurement date. Active markets are those in which transactions for the asset or liability occur in sufficient frequency and volume to provide pricing information on an ongoing basis. | ||||||||||||||||
Level 2 | Observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. Level 2 assets and liabilities include debt securities with quoted prices that are traded less frequently than exchange-traded instruments or securities or derivative contracts that are valued using a pricing model with inputs that are observable in the market or can be derived principally from or corroborated by observable market data. | ||||||||||||||||
Level 3 | Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. Level 3 assets and liabilities include financial instruments whose value is determined using pricing models, discounted cash flow methodologies, or similar techniques, as well as instruments for which the determination of fair value requires significant management judgment or estimation. | ||||||||||||||||
In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, the Company categorizes such assets and liabilities based on the lowest level input that is significant to the fair value measurement in its entirety. The Company’s assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment and considers factors specific to the asset or liability. | |||||||||||||||||
Assets and liabilities of the Company are measured at fair value on a recurring basis as of September 30, 2013 and are summarized as follows: | |||||||||||||||||
Fair Value Measurements at Reporting Date Using | |||||||||||||||||
Description | Total | Quoted Prices in | Significant | Significant | |||||||||||||
September 30, 2013 | Active Markets | Other | Unobservable | ||||||||||||||
for Identical | Observable | Inputs | |||||||||||||||
Assets | Inputs | (Level 3) | |||||||||||||||
(Level 1) | (Level 2) | ||||||||||||||||
Assets: | |||||||||||||||||
Cash equivalents: | |||||||||||||||||
Money market funds | $ | 57,982 | $ | 57,982 | $ | — | $ | — | |||||||||
Trading securities: | |||||||||||||||||
Mutual funds | 959 | 959 | — | — | |||||||||||||
Available-for-sale securities: | |||||||||||||||||
Bankers’ acceptance drafts | 330 | — | 330 | — | |||||||||||||
Time deposits | 77,633 | — | 77,633 | — | |||||||||||||
Commercial paper and corporate obligations | 81,308 | — | 81,308 | — | |||||||||||||
U.S. agency obligations | 210,829 | 195,275 | 15,554 | — | |||||||||||||
Derivatives – currency forward contracts | 746 | — | 746 | — | |||||||||||||
Total assets | $ | 429,787 | $ | 254,216 | $ | 175,571 | $ | — | |||||||||
Liabilities: | |||||||||||||||||
Derivatives – currency forward contracts | $ | 749 | $ | — | $ | 749 | $ | — | |||||||||
Reported as follows: | |||||||||||||||||
Assets: | |||||||||||||||||
Cash and cash equivalents(1) | $ | 57,982 | $ | 57,982 | $ | — | $ | — | |||||||||
Short-term investments | 365,876 | 191,107 | 174,769 | — | |||||||||||||
Other current assets | 746 | — | 746 | — | |||||||||||||
Total current assets | $ | 424,604 | $ | 249,089 | $ | 175,515 | $ | — | |||||||||
Long-term investments | $ | 5,183 | $ | 5,127 | $ | 56 | $ | — | |||||||||
Liabilities: | |||||||||||||||||
Other current liabilities | $ | 749 | $ | — | $ | 749 | $ | — | |||||||||
-1 | The cash and cash equivalent amounts presented in the table above do not include cash of $192,396 and non-negotiable time deposits of $4,400 as of September 30, 2013. | ||||||||||||||||
Assets and liabilities of the Company are measured at fair value on a recurring basis as of December 31, 2012 and are summarized as follows: | |||||||||||||||||
Fair Value Measurements at Reporting Date Using | |||||||||||||||||
Description | Total | Quoted Prices in | Significant Other | Significant | |||||||||||||
December 31, 2012 | Active Markets | Observable | Unobservable | ||||||||||||||
for Identical | Inputs | Inputs | |||||||||||||||
Assets | (Level 2) | (Level 3) | |||||||||||||||
(Level 1) | |||||||||||||||||
Assets: | |||||||||||||||||
Cash equivalents: | |||||||||||||||||
Money market funds | $ | 51,291 | $ | 51,291 | $ | — | $ | — | |||||||||
Bankers acceptance drafts | 16 | — | 16 | — | |||||||||||||
Trading securities: | |||||||||||||||||
Mutual funds | 791 | 791 | — | — | |||||||||||||
Available-for-sale securities: | |||||||||||||||||
Bankers’ acceptance drafts | 242 | — | 242 | — | |||||||||||||
U.S. treasury obligations | 13,054 | — | 13,054 | — | |||||||||||||
U.S. agency obligations | 325,672 | 295,665 | 30,007 | — | |||||||||||||
Derivatives – currency forward contracts | 961 | — | 961 | — | |||||||||||||
Total assets | $ | 392,027 | $ | 347,747 | $ | 44,280 | $ | — | |||||||||
Liabilities: | |||||||||||||||||
Derivatives – currency forward contracts | $ | 1,310 | $ | — | $ | 1,310 | $ | — | |||||||||
Reported as follows: | |||||||||||||||||
Assets: | |||||||||||||||||
Cash and cash equivalents(1) | $ | 51,307 | $ | 51,291 | $ | 16 | $ | — | |||||||||
Short-term investments(2) | 327,601 | 284,298 | 43,303 | — | |||||||||||||
Other current assets | 961 | — | 961 | — | |||||||||||||
Total current assets | $ | 379,869 | $ | 335,589 | $ | 44,280 | $ | — | |||||||||
Long-term investments | $ | 12,158 | $ | 12,158 | $ | — | $ | — | |||||||||
Liabilities: | |||||||||||||||||
Other current liabilities | $ | 1,310 | $ | — | $ | 1,310 | $ | — | |||||||||
-1 | The cash and cash equivalent amounts presented in the table above do not include cash of $185,143 and non-negotiable time deposits of $51,138 as of December 31, 2012. | ||||||||||||||||
-2 | The short-term investments presented in the table above do not include non-negotiable time deposits of $52 as of December 31, 2012. | ||||||||||||||||
Trading Mutual Fund Investments | |||||||||||||||||
Trading investments consist of certain U.S. and international equity mutual funds and government agency fixed income mutual funds. | |||||||||||||||||
Bankers’ Acceptance Drafts | |||||||||||||||||
Bankers’ acceptance drafts are short-term credit investments created by a non-financial firm and guaranteed by a bank. These drafts are often traded at a discount from face value and may be traded on a secondary market. | |||||||||||||||||
Available-For-Sale Investments | |||||||||||||||||
Available-for-sale investments consisted of time deposits and drafts denominated in the Euro currency, U.S. treasury obligations and U.S. agency obligations. The Company measures its debt and equity investments at fair value. | |||||||||||||||||
Derivatives | |||||||||||||||||
As a result of the Company’s global operating activities, the Company is exposed to market risks from changes in foreign currency exchange rates, which may adversely affect its operating results and financial position. When deemed appropriate, the Company minimizes its risks from foreign currency exchange rate fluctuations through the use of derivative financial instruments. The principal market in which the Company executes its foreign currency contracts is the institutional market in an over-the-counter environment with a relatively high level of price transparency. The market participants usually are large commercial banks. The forward foreign currency exchange contracts are valued using broker quotations, or market transactions and are classified within Level 2 of the fair value hierarchy. |
Derivatives
Derivatives | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Derivative Instruments And Hedging Activities Disclosure [Abstract] | ' | ||||||||||||||||
Derivatives | ' | ||||||||||||||||
5) | Derivatives | ||||||||||||||||
The Company enters into derivative instruments for risk management purposes only, including derivatives designated as hedging instruments and those utilized as economic hedges. The Company operates internationally and, in the normal course of business, is exposed to fluctuations in interest rates and foreign exchange rates. These fluctuations can increase the costs of financing, investing and operating the business. The Company has used derivative instruments, such as forward contracts, to manage certain foreign currency exposure. | |||||||||||||||||
By nature, all financial instruments involve market and credit risks. The Company enters into derivative instruments with major investment grade financial institutions and no collateral is required. The Company has policies to monitor the credit risk of these counterparties. While there can be no assurance, the Company does not anticipate any material non-performance by any of these counterparties. | |||||||||||||||||
The Company hedges a portion of its forecasted foreign currency denominated intercompany sales of inventory, over a maximum period of eighteen months, using forward foreign exchange contracts accounted for as cash-flow hedges related to Japanese, South Korean, British and Euro currencies. To the extent these derivatives are effective in off-setting the variability of the hedged cash flows, and otherwise meet the hedge accounting criteria, changes in the derivatives’ fair value are not included in current earnings but are included in other comprehensive income (“OCI”) in stockholders’ equity. These changes in fair value will subsequently be reclassified into earnings, as applicable, when the forecasted transaction occurs. To the extent that a previously designated hedging transaction is no longer an effective hedge, any ineffectiveness measured in the hedging relationship is recorded currently in earnings in the period it occurs. The cash flows resulting from forward exchange contracts are classified in the consolidated statements of cash flows as part of cash flows from operating activities. The Company does not enter into derivative instruments for trading or speculative purposes. | |||||||||||||||||
To the extent the hedge accounting criteria is not met, the related foreign currency forward contracts are considered as economic hedges and changes in the fair value of these contracts are recorded immediately in earnings in the period in which they occur. These include hedges that are used to reduce exchange rate risks arising from the change in fair value of certain foreign currency denominated assets and liabilities (i.e., payables, receivables) and other economic hedges where the hedge accounting criteria were not met. | |||||||||||||||||
As of September 30, 2013 and December 31, 2012, the Company had outstanding forward foreign exchange contracts with gross notional values of $36,529 and $41,448, respectively. The following tables provide a summary of the primary net hedging positions and corresponding fair values held as of September 30, 2013 and December 31, 2012: | |||||||||||||||||
September 30, 2013 | |||||||||||||||||
Currency Hedged (Buy/Sell) | Gross Notional | F air Value(1) | |||||||||||||||
Value | Asset/(Liability) | ||||||||||||||||
U.S. Dollar/Japanese Yen | $ | 11,763 | $ | 746 | |||||||||||||
U.S. Dollar/South Korean Won | 18,081 | (636 | ) | ||||||||||||||
U.S. Dollar/Euro | 4,241 | (76 | ) | ||||||||||||||
U.S. Dollar/U.K. Pound Sterling | 2,444 | (37 | ) | ||||||||||||||
Total | $ | 36,529 | $ | (3 | ) | ||||||||||||
-1 | Represents the fair value of the net asset / (liability) amount included in the consolidated balance sheets. | ||||||||||||||||
December 31, 2012 | |||||||||||||||||
Currency Hedged (Buy/Sell) | Gross Notional | Fair Value(1) | |||||||||||||||
Value | Asset/(Liability) | ||||||||||||||||
U.S. Dollar/Japanese Yen | $ | 13,992 | $ | 961 | |||||||||||||
U.S. Dollar/South Korean Won | 19,374 | (1,180 | ) | ||||||||||||||
U.S. Dollar/Euro | 4,217 | (57 | ) | ||||||||||||||
U.S. Dollar/U.K. Pound Sterling | 3,865 | (73 | ) | ||||||||||||||
Total | $ | 41,448 | $ | (349 | ) | ||||||||||||
-1 | Represents the fair value of the net asset / (liability) amount included in the consolidated balance sheets. | ||||||||||||||||
The following table provides a summary of the fair value amounts of the Company’s derivative instruments: | |||||||||||||||||
Derivatives Designated as Hedging Instruments | September 30, 2013 | December 31, 2012 | |||||||||||||||
Derivative assets: | |||||||||||||||||
Forward exchange contracts | $ | 746 | $ | 961 | |||||||||||||
Derivative liabilities: | |||||||||||||||||
Forward exchange contracts | (749 | ) | (1,310 | ) | |||||||||||||
Total net derivative (liability) designated as hedging instruments(1) | $ | (3 | ) | $ | (349 | ) | |||||||||||
-1 | The derivative assets of $746 and derivative liabilities of $749 are classified in other current assets and other current liabilities, respectively, in the consolidated balance sheet as of September 30, 2013. The derivative assets of $961 and derivative liabilities of $1,310 are classified in other current assets and other current liabilities, respectively, in the consolidated balance sheet as of December 31, 2012. These foreign exchange contracts are subject to a master netting agreement with one financial institution. However, the Company has elected to record these contracts on a gross basis in the balance sheet. | ||||||||||||||||
The net amount of existing losses as of September 30, 2013 that are expected to be reclassified from accumulated OCI into earnings within the next twelve months is $3. | |||||||||||||||||
The following table provides a summary of the gains (losses) on derivatives designated as hedging instruments: | |||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||
September 30, | September 30, | ||||||||||||||||
Derivatives Designated as Cash Flow Hedging Relationships | 2013 | 2012 | 2013 | 2012 | |||||||||||||
Forward exchange contracts: | |||||||||||||||||
Net (loss) recognized in OCI(1) | $ | (1,837 | ) | $ | (581 | ) | $ | (315 | ) | $ | (312 | ) | |||||
Net gain (loss) reclassified from OCI into income(2) | $ | 297 | $ | (739 | ) | $ | 1,102 | $ | (1,178 | ) | |||||||
Net (loss) recognized in expense(3) | $ | — | $ | (66 | ) | $ | — | $ | (66 | ) | |||||||
-1 | Net change in the fair value of the effective portion classified in OCI. | ||||||||||||||||
-2 | Effective portion classified in cost of products for the three and nine months ended September 30, 2013 and selling, general and administrative expenses for the three and nine months ended September 30, 2012. | ||||||||||||||||
-3 | Ineffective portion amount excluded from effectiveness testing which is recorded in selling, general and administrative expenses for the three and nine months ended September 30, 2012. | ||||||||||||||||
The following table provides a summary of gains on derivatives not designated as hedging instruments: | |||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||
September 30, | September 30, | ||||||||||||||||
Derivatives Not Designated as Hedging Instruments | 2013 | 2012 | 2013 | 2012 | |||||||||||||
Forward exchange contracts: | |||||||||||||||||
Net (loss) gain recognized in income(1) | $ | (514 | ) | $ | (552 | ) | $ | 141 | $ | (552 | ) | ||||||
-1 | The Company has a forward foreign exchange contract that hedges an intercompany loan with its Korean subsidiary. This hedge does not qualify for hedge accounting and any gains (losses) are recorded immediately in selling, general and administrative expenses. |
Inventories
Inventories | 9 Months Ended | ||||||||
Sep. 30, 2013 | |||||||||
Inventory Disclosure [Abstract] | ' | ||||||||
Inventories | ' | ||||||||
6) | Inventories | ||||||||
Inventories consist of the following: | |||||||||
September 30, 2013 | December 31, 2012 | ||||||||
Raw materials | $ | 72,240 | $ | 76,610 | |||||
Work-in-process | 22,145 | 19,708 | |||||||
Finished goods | 41,675 | 38,321 | |||||||
$ | 136,060 | $ | 134,639 | ||||||
Acquisition
Acquisition | 9 Months Ended | ||||||
Sep. 30, 2013 | |||||||
Business Combinations [Abstract] | ' | ||||||
Acquisition | ' | ||||||
7) | Acquisition | ||||||
On March 12, 2013, the Company acquired Alter Power Systems S.r.l. (“Alter”), located in Reggio Emilia, Italy. The aggregate purchase price, net of cash acquired and after final debt and working capital adjustments was $2,426. Total cash paid as of June 30, 2013, net of cash acquired of $21 was $2,058. During June 2013, one of two holdback provisions was met and the Company released $123. The Company will pay the remaining $368 subject to a final holdback provision being met. Alter develops advanced microwave power generators, components and systems for industrial microwave heating, microwave plasma coating and semiconductor applications. This acquisition strengthens the Company’s existing microwave plasma expertise and product portfolio, and extends its opportunity into high growth, non-plasma microwave applications for industrial processes, food and beverage manufacturing and other markets. | |||||||
The following table summarizes the estimated fair value of the assets acquired and liabilities assumed at the date of the acquisition: | |||||||
Current assets | $ | 1,053 | |||||
Property and equipment | 211 | ||||||
Intangible assets | 2,806 | ||||||
Other assets | 67 | ||||||
Total assets acquired | 4,137 | ||||||
Debt (Note 11) | 770 | ||||||
Deferred taxes and other liabilities | 920 | ||||||
Total liabilities assumed | 1,690 | ||||||
Total purchase price | 2,447 | ||||||
Cash acquired | (21 | ) | |||||
Total purchase price, net of cash acquired | $ | 2,426 | |||||
The intangible assets associated with the acquisition are not deductible for tax purposes. The following table reflects the allocation of the acquired intangible assets and related estimates of useful lives. These acquired intangibles will be amortized on a straight-line basis. | |||||||
Current developed technology | $ | 2,208 | 9 year useful life | ||||
Trademarks and trade names | 598 | 3 year useful life | |||||
$ | 2,806 | ||||||
The results of this acquisition were included in the Company’s consolidated operations beginning on March 12, 2013. The pro forma consolidated statements reflecting the operating results of Alter, had it been acquired as of January 1, 2013, would not differ materially from the operating results of the Company as reported for the quarter ended March 31, 2013. Alter is included in the Company’s Power and Reactive Gas Products group and the Advanced Manufacturing Capital Equipment reportable segment. |
Goodwill_and_Intangible_Assets
Goodwill and Intangible Assets | 9 Months Ended | ||||||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||||||
Goodwill And Intangible Assets Disclosure [Abstract] | ' | ||||||||||||||||||||||||
Goodwill and Intangible Assets | ' | ||||||||||||||||||||||||
8) | Goodwill and Intangible Assets | ||||||||||||||||||||||||
Goodwill | |||||||||||||||||||||||||
The Company’s methodology for allocating the purchase price relating to purchase acquisitions is determined through established and generally accepted valuation techniques. Goodwill is measured as the excess of the cost of the acquisition over the sum of the amounts assigned to tangible and identifiable intangible assets acquired less liabilities assumed. The Company assigns assets acquired (including goodwill) and liabilities assumed to one or more reporting units as of the date of acquisition. Typically acquisitions relate to a single reporting unit and thus do not require the allocation of goodwill to multiple reporting units. If the products obtained in an acquisition are assigned to multiple reporting units, the goodwill is distributed to the respective reporting units as part of the purchase price allocation process. | |||||||||||||||||||||||||
Goodwill and purchased intangible assets with indefinite useful lives are not amortized, but are reviewed for impairment annually during the fourth quarter of each fiscal year and whenever events or changes in circumstances indicate that the carrying value of an asset may not be recoverable. The process of evaluating the potential impairment of goodwill and intangible assets requires significant judgment. The Company regularly monitors current business conditions and other factors including, but not limited to, adverse industry or economic trends, restructuring actions and lower projections of profitability that may impact future operating results. | |||||||||||||||||||||||||
As of October 31, 2012, the Company performed its annual impairment assessment of goodwill and determined that there was no impairment. | |||||||||||||||||||||||||
The changes in the carrying amount of goodwill and accumulated impairment (loss) during the nine months ended September, 2013 and twelve months ended December 31, 2012 were as follows: | |||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||
Gross | Accumulated | Net | Gross | Accumulated | Net | ||||||||||||||||||||
Carrying | Impairment | Carrying | Impairment | ||||||||||||||||||||||
Amount | (Loss) | Amount | (Loss) | ||||||||||||||||||||||
Beginning balance at January 1 | $ | 290,147 | $ | (139,414 | ) | $ | 150,733 | $ | 279,498 | $ | (139,414 | ) | $ | 140,084 | |||||||||||
Acquired goodwill(1) | — | — | — | 9,989 | — | 9,989 | |||||||||||||||||||
Foreign currency translation | (33 | ) | — | (33 | ) | 660 | — | 660 | |||||||||||||||||
Ending balance at September 30, 2013 and December 31, 2012 | $ | 290,114 | $ | (139,414 | ) | $ | 150,700 | $ | 290,147 | $ | (139,414 | ) | $ | 150,733 | |||||||||||
-1 | In August 2012, the Company purchased Plasmart, Inc. for $22,607, net of cash acquired. The Company recorded $9,989 of goodwill in connection with the acquisition. | ||||||||||||||||||||||||
Intangible Assets | |||||||||||||||||||||||||
Components of the Company’s intangible assets are comprised of the following: | |||||||||||||||||||||||||
Gross | Accumulated | Foreign | Net | ||||||||||||||||||||||
Amortization | Currency | ||||||||||||||||||||||||
Translation | |||||||||||||||||||||||||
As of September 30, 2013: | |||||||||||||||||||||||||
Completed technology(1) | $ | 84,680 | $ | (77,823 | ) | $ | 369 | $ | 7,226 | ||||||||||||||||
Customer relationships | 14,571 | (9,590 | ) | 281 | 5,262 | ||||||||||||||||||||
Patents, trademarks, trade names and other(1) | 25,636 | (24,840 | ) | 32 | 828 | ||||||||||||||||||||
$ | 124,887 | $ | (112,253 | ) | $ | 682 | $ | 13,316 | |||||||||||||||||
-1 | In August 2013, the Company purchased $268 of net assets of which $388 was completed technology. In March 2013, the Company purchased Alter for $2,426, net of cash acquired. The Company recorded $2,806 of separately identified intangible assets, of which $2,208 was completed technology and $598 was trademarks and trade names. | ||||||||||||||||||||||||
Gross | Accumulated | Foreign | Net | ||||||||||||||||||||||
Amortization | Currency | ||||||||||||||||||||||||
Translation | |||||||||||||||||||||||||
As of December 31, 2012: | |||||||||||||||||||||||||
Completed technology | $ | 82,084 | $ | (77,243 | ) | $ | 254 | $ | 5,095 | ||||||||||||||||
Customer relationships | 14,571 | (8,886 | ) | 312 | 5,997 | ||||||||||||||||||||
Patents, trademarks, trade names and other | 25,038 | (24,587 | ) | 18 | 469 | ||||||||||||||||||||
$ | 121,693 | $ | (110,716 | ) | $ | 584 | $ | 11,561 | |||||||||||||||||
Aggregate amortization expense related to acquired intangibles for the three and nine months ended September 30, 2013 were $361 and $1,537, respectively. Aggregate amortization expense related to acquired intangibles for the three and nine months ended September 30, 2012 were $215 and $453, respectively. Estimated amortization expense for each of the remaining fiscal years is as follows: | |||||||||||||||||||||||||
Year | Amount | ||||||||||||||||||||||||
2013 (remaining) | $ | 466 | |||||||||||||||||||||||
2014 | 1,768 | ||||||||||||||||||||||||
2015 | 1,752 | ||||||||||||||||||||||||
2016 | 1,570 | ||||||||||||||||||||||||
2017 | 1,541 | ||||||||||||||||||||||||
2018 | 1,532 | ||||||||||||||||||||||||
Thereafter | 4,687 |
Other_Assets
Other Assets | 9 Months Ended | ||||||||
Sep. 30, 2013 | |||||||||
Deferred Costs Capitalized Prepaid And Other Assets Disclosure [Abstract] | ' | ||||||||
Other Assets | ' | ||||||||
9) | Other Assets | ||||||||
September 30, | December 31, | ||||||||
2013 | 2012 | ||||||||
Other Current Assets: | |||||||||
Income tax receivable | $ | 10,684 | $ | 12,768 | |||||
Other | 17,967 | 15,280 | |||||||
Total other current assets | $ | 28,651 | $ | 28,048 | |||||
Other Assets: | |||||||||
Deferred tax assets, net | $ | 9,828 | $ | 9,497 | |||||
Long-term income tax receivable | 19,411 | 17,720 | |||||||
Other | 1,959 | 2,195 | |||||||
Total other assets | $ | 31,198 | $ | 29,412 |
Other_Liabilities
Other Liabilities | 9 Months Ended | ||||||||
Sep. 30, 2013 | |||||||||
Other Liabilities Disclosure [Abstract] | ' | ||||||||
Other Liabilities | ' | ||||||||
10) | Other Liabilities | ||||||||
September 30, | December 31, | ||||||||
2013 | 2012 | ||||||||
Other Current Liabilities: | |||||||||
Product warranties | $ | 6,732 | $ | 8,266 | |||||
Deferred revenue | 4,599 | 9,280 | |||||||
Other | 24,568 | 19,859 | |||||||
Total other current liabilities | $ | 35,899 | $ | 37,405 | |||||
Other Liabilities: | |||||||||
Long-term income tax payable | $ | 44,309 | $ | 38,600 | |||||
Accrued compensation | 21,078 | 18,750 | |||||||
Other | 5,004 | 3,745 | |||||||
Total other liabilities | $ | 70,391 | $ | 61,095 | |||||
Debt
Debt | 9 Months Ended | |
Sep. 30, 2013 | ||
Debt Disclosure [Abstract] | ' | |
Debt | ' | |
11) | Debt | |
The Company’s Japanese subsidiary has lines of credit and short-term borrowing arrangements with two financial institutions which generally expire and are renewed at three month intervals. The lines of credit provide for aggregate borrowings as of September 30, 2013 of up to an equivalent of $23,284 U.S. dollars. One of the borrowing arrangements has an interest rate based on the Tokyo Interbank Offer Rate at the time of borrowing and the other has an interest rate based on the Japanese Short-term Prime Lending Rate. There were no borrowings outstanding under these arrangements at September 30, 2013 and December 31, 2012. | ||
The Company also had various lines of credit and short and long-term borrowing arrangements as a result of its acquisitions of Plasmart, Inc. in 2012 and Alter in March 2013. All of these lines of credit and borrowing arrangements were paid off and terminated in the second quarter of 2013. There were no outstanding balances at September 30, 2013 and December 31, 2012, respectively. |
Product_Warranties
Product Warranties | 9 Months Ended | ||||||||
Sep. 30, 2013 | |||||||||
Guarantees [Abstract] | ' | ||||||||
Product Warranties | ' | ||||||||
12) | Product Warranties | ||||||||
The Company provides for the estimated costs to fulfill customer warranty obligations upon the recognition of the related revenue. While the Company engages in extensive product quality programs and processes, including actively monitoring and evaluating the quality of its component suppliers, the Company’s warranty obligation is affected by shipment volume, product failure rates, utilization levels, material usage, and supplier warranties on parts delivered to the Company. Should actual product failure rates, utilization levels, material usage, or supplier warranties on parts differ from the Company’s estimates, revisions to the estimated warranty liability would be required. The product warranty liability is included in other current liabilities in the consolidated balance sheets. | |||||||||
Product warranty activities were as follows: | |||||||||
Nine Months Ended September 30, | |||||||||
2013 | 2012 | ||||||||
Balance at January 1 | $ | 8,266 | $ | 8,315 | |||||
Provision for product warranties | 1,705 | 3,750 | |||||||
Direct charges to warranty liability | (3,142 | ) | (3,733 | ) | |||||
Foreign currency translation | (97 | ) | 505 | ||||||
Balance at September 30 | $ | 6,732 | $ | 8,837 | |||||
Income_Taxes
Income Taxes | 9 Months Ended | |
Sep. 30, 2013 | ||
Income Tax Disclosure [Abstract] | ' | |
Income Taxes | ' | |
13) | Income Taxes | |
The Company’s effective tax rate for the three and nine months ended September 30, 2013 was 80.4% and 44.8%, respectively. The Company’s effective tax rate for the three and nine months ended September 30, 2012 was 61.3% and 35.7%, respectively. The effective tax rate for the nine months ended September 30, 2013, and related income tax expense was higher than the U.S. statutory tax rate primarily due to a decision made during the quarter ended September 30, 2013 to pay currently, at a substantially reduced rate, taxes on certain accumulated earnings of its Israeli subsidiary relating to calendar year periods 2002-2011 covered under its tax holiday that expired on December 31, 2011. This additional charge was partially offset by additional U.S. tax incentives realized by the Company and recognized as discrete events during the quarter ended September 30, 2013, and the geographic mix of income and profits earned by the Company’s international subsidiaries being taxed at rates lower than the U.S. statutory rate. Additionally, certain tax incentives realized by the Company were recognized as discrete events during the quarter ended March 31, 2013. These incentives were reinstated under The American Taxpayer Relief Act of 2012 that was signed into law on January 2, 2013. The effective tax rate for the nine months ended September 30, 2012, and related income tax expense was higher than the U.S. statutory tax rate primarily due to the cumulative year-to-date tax effect of a slightly higher annual effective tax rate based on the Company’s revised full year forecast, and non-deductible acquisition costs that were offset in part by the geographic mix of income and profits earned by the Company’s international subsidiaries being taxed at rates lower than the U.S. statutory rate. | ||
At September 30, 2013, the total amount of gross unrecognized tax benefits, which excludes interest and penalties, was approximately $45,402. At December 31, 2012, the total amount of gross unrecognized tax benefits, which excludes interest and penalties, was approximately $40,674. The net increase from December 31, 2012 was attributable to an increase in reserves for existing uncertain tax positions. At September 30, 2013, there are $23,570, excluding interest and penalties, of net unrecognized tax benefits that, if recognized, would affect the annual effective tax rate. The Company accrues interest expense and, if applicable, penalties for any uncertain tax positions. Interest and penalties are classified as a component of income tax expense. At September 30, 2013 and December 31, 2012, the Company had accrued interest on unrecognized tax benefits of approximately $2,147 and $1,571, respectively. | ||
On September 13, 2013, the U.S. Department of the Treasury and Internal Revenue Service released final tangible property regulations that provide guidance on the tax treatment regarding the deduction and capitalization of expenditures related to tangible property. While early adoption is available, the effective date to implement these regulations is for tax years beginning on or after January 1, 2014. The Company is currently assessing these rules and the impact to its financial statements, if any, but believes adoption of these regulations will not have a material impact on its consolidated results of operations, cash flows or financial position. | ||
The Company and its subsidiaries are subject to examination by federal, state and foreign tax authorities. The Internal Revenue Service commenced an examination of the Company’s U.S. federal tax filings for tax years 2007 through 2009 during the quarter ended June 30, 2012. As a result, the U.S. statute of limitations remains open between tax years 2007 through present. The statute of limitations for the Company’s tax filings in other jurisdictions varies between fiscal years 2006 through present. | ||
While the Company believes it has adequately provided for all tax positions, amounts asserted by taxing authorities could materially differ from the Company’s accrued positions as a result of uncertain and complex application of tax regulations. Additionally, the recognition and measurement of certain tax benefits include estimates and judgment by management and inherently includes subjectivity. Accordingly, the Company may record additional provisions or benefits due to U.S. federal, state, and foreign tax-related matters in the future as it revises estimates or settles or otherwise resolves the underlying matters. |
Net_Income_Per_Share
Net Income Per Share | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Earnings Per Share [Abstract] | ' | ||||||||||||||||
Net Income Per Share | ' | ||||||||||||||||
14) | Net Income Per Share | ||||||||||||||||
The following table sets forth the computation of basic and diluted net income per share: | |||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||
September 30, | September 30, | ||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||
Numerator: | |||||||||||||||||
Net income | $ | 2,458 | $ | 2,580 | $ | 15,539 | $ | 43,920 | |||||||||
Denominator: | |||||||||||||||||
Shares used in net income per common share – basic | 53,165,000 | 52,854,000 | 52,998,000 | 52,679,000 | |||||||||||||
Effect of dilutive securities: | |||||||||||||||||
Stock options, restricted stock and employee stock purchase plan | 348,000 | 436,000 | 412,000 | 561,000 | |||||||||||||
Shares used in net income per common share – diluted | 53,513,000 | 53,290,000 | 53,410,000 | 53,240,000 | |||||||||||||
Net income per common share: | |||||||||||||||||
Basic | $ | 0.05 | $ | 0.05 | $ | 0.29 | $ | 0.83 | |||||||||
Diluted | $ | 0.05 | $ | 0.05 | $ | 0.29 | $ | 0.82 | |||||||||
Basic earnings per share (“EPS”) is computed by dividing income available to common stockholders by the weighted-average number of common shares outstanding during the period. The computation of diluted EPS is similar to the computation of basic EPS except that the denominator is increased to include the number of additional common shares that would have been outstanding (using the treasury stock method) if securities containing potentially dilutive common shares (stock options and restricted stock units) had been converted to such common shares, and if such assumed conversion is dilutive. | |||||||||||||||||
As of September 30, 2013, stock options and restricted stock units relating to an aggregate of approximately 1,059,000 shares were outstanding. For the three and nine months ended September 30, 2013, the potential dilutive effect of approximately 104,000 and 101,000 weighted-average shares, respectively, of restricted stock units and stock options were excluded from the computation of diluted weighted-average shares outstanding as the shares would have an anti-dilutive effect on EPS. | |||||||||||||||||
As of September 30, 2012, stock options and restricted stock units relating to an aggregate of approximately 1,250,000 shares were outstanding. For the three and nine months ended September 30, 2012, the potential dilutive effect of 105,000 and 227,000 weighted-average shares, respectively, of restricted stock units and stock options were excluded from the computation of diluted weighted-average shares outstanding as the shares would have an anti-dilutive effect on EPS. |
Stockholders_Equity
Stockholder's Equity | 9 Months Ended | |
Sep. 30, 2013 | ||
Equity [Abstract] | ' | |
Stockholder's Equity | ' | |
15) | Stockholder’s Equity | |
Stock Repurchase Program | ||
On July 25, 2011, the Company’s Board of Directors approved a share repurchase program for the repurchase of up to an aggregate of $200,000 of its outstanding common stock from time to time in open market purchases, privately negotiated transactions or through other appropriate means. The timing and quantity of any shares repurchased depends upon a variety of factors, including business conditions, stock market conditions and business development activities, including, but not limited to, merger and acquisition opportunities. These repurchases may be commenced, suspended or discontinued at any time without prior notice. | ||
During the nine months ended September 30, 2013, the Company repurchased 107,000 shares of its common stock for $2,875, or an average price of $26.87 per share. No repurchases occurred during the three months ended September 30, 2013. | ||
Cash Dividends | ||
Holders of the Company’s common stock are entitled to receive dividends when they are declared by the Company’s Board of Directors. During the nine months ended September 30, 2013, the Board of Directors authorized three quarterly dividends of $0.16 per share, which totaled $25,458 or $0.48 per share. During the nine months ended September 30, 2012, the Board of Directors declared two quarterly dividends of $0.15 per share and one quarterly dividend of $0.16 per share that totaled $24,261 or $0.46 per share. | ||
On October 28, 2013, our Board of Directors declared a quarterly cash dividend of $0.16 per share to be paid on December 13, 2013 to shareholders of record as of December 2, 2013. Future dividend declarations, if any, as well as the record and payment dates for such dividends, are subject to the final determination of the Company’s Board of Directors. |
Business_Segment_Geographic_Ar
Business Segment, Geographic Area, Product and Significant Customer Information | 9 Months Ended | ||||||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||||||
Segment Reporting [Abstract] | ' | ||||||||||||||||||||||||
Business Segment, Geographic Area, Product and Significant Customer Information | ' | ||||||||||||||||||||||||
16) | Business Segment, Geographic Area, Product and Significant Customer Information | ||||||||||||||||||||||||
The Company has four reportable segments based upon the manner in which information is produced internally and provided to the Company’s chief operating decision-maker (“CODM”). | |||||||||||||||||||||||||
The Company develops, manufactures, sells and services products that measure, control, power and monitor critical parameters of advanced manufacturing processes. The Company’s CODM utilizes consolidated financial information to make decisions about allocating resources and assessing performance for the entire Company. In addition, certain disaggregated financial information is also provided to the CODM. Based upon the information provided to the CODM, the Company has determined it has eight operating segments and four reportable segments. | |||||||||||||||||||||||||
The eight operating segments are PFMC Products, Controls Products, ASTeX Products, ENI Products, HPS Products (Vacuum Products), Analytical Solutions Group, Europe Region Sales & Service and Asia Region Sales & Service. | |||||||||||||||||||||||||
PFMC Products, Controls Products, ASTeX Products, ENI Products and HPS Products comprise a single reportable segment due to the similarities of the operating segments. This reportable segment, Advanced Manufacturing Capital Equipment, includes the development, manufacturing, sales and servicing of instruments and control products, power and reactive gas products, and vacuum products, all of which are utilized in semiconductor processing and other similar advanced manufacturing processes. Sales in this segment include both external sales and intercompany sales (which are stated at agreed upon transfer prices). External sales of these products made in Europe or Asia are reported as sales in the Europe Region Sales & Service or Asia Region Sales & Service segments. | |||||||||||||||||||||||||
Analytical Solutions Group, Asia Region Sales & Service and Europe Region Sales & Service are each separate reportable segments. The Company has reported corporate expenses and certain intercompany pricing transactions in a Corporate, Eliminations and Other reconciling column. The Analytical Solutions Group includes gas composition analysis and information technology products. The Europe and Asia region sales and service segments mainly resell and service the Advanced Manufacturing Capital Equipment and Analytical Solutions Group products sold in their respective regions. | |||||||||||||||||||||||||
MKS derives the segment results directly from the manner in which results are reported in its management reporting system. The accounting policies MKS uses to derive reportable segment results are substantially the same as those used for external reporting purposes except that a substantial portion of the sales of the Advanced Manufacturing Capital Equipment and Analytical Solutions Group segments are intercompany sales to the regions at tax-based transfer prices and certain significant costs, including stock-based compensation and management incentive compensation, are not allocated to the segments and are included in Corporate, Eliminations and Other. The CODM reviews several metrics of each operating segment, including net revenues and gross profit (loss). | |||||||||||||||||||||||||
The following is net revenues by reportable segment: | |||||||||||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||||||||||
September 30, | September 30, | ||||||||||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||||||||||
Advanced Manufacturing Capital Equipment | $ | 133,307 | $ | 104,191 | $363,512 | $382,016 | |||||||||||||||||||
Analytical Solutions Group | 13,313 | 15,160 | 41,217 | 47,680 | |||||||||||||||||||||
Europe Region Sales & Service Operations(1) | 12,436 | 13,485 | 35,287 | 38,141 | |||||||||||||||||||||
Asia Region Sales & Service Operations(1) | 52,558 | 46,782 | 149,267 | 182,663 | |||||||||||||||||||||
Corporate, Eliminations and Other | (45,161 | ) | (38,171 | ) | (124,257 | ) | (140,788 | ) | |||||||||||||||||
$ | 166,453 | $ | 141,447 | $465,026 | $509,712 | ||||||||||||||||||||
-1 | The Europe and Asia foreign sales and service operations do not represent total geographical Europe and Asia financial information. These sales and service operations mainly represent the sales from the resale and service of Advanced Manufacturing Capital Equipment and Analytical Solutions Group products in their respective regions. The Advanced Manufacturing Capital Equipment and Analytical Solutions Group segments both have sales in each region. Accordingly, total geographical sales include sales from multiple reportable segments. | ||||||||||||||||||||||||
The following is gross profit by reportable segment: | |||||||||||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||||||||||
September 30, | September 30, | ||||||||||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||||||||||
Advanced Manufacturing Capital Equipment | $ | 43,151 | $ | 34,829 | $ | 121,647 | $ | 141,521 | |||||||||||||||||
Analytical Solutions Group | 6,758 | 8,100 | 21,239 | 24,485 | |||||||||||||||||||||
Europe Region Sales & Service Operations(1) | 3,427 | 3,547 | 10,005 | 11,292 | |||||||||||||||||||||
Asia Region Sales & Service Operations(1) | 11,580 | 9,030 | 31,366 | 28,143 | |||||||||||||||||||||
Corporate, Eliminations and Other | (2,682 | ) | 1,065 | (5,363 | ) | 11,437 | |||||||||||||||||||
$ | 62,234 | $ | 56,571 | $ | 178,894 | $ | 216,878 | ||||||||||||||||||
-1 | The Europe and Asia foreign sales and service operations do not represent total geographical Europe and Asia financial information. These sales and service operations mainly represent the sales from the resale and service of Advanced Manufacturing Capital Equipment and Analytical Solutions Group products in their respective regions. The Advanced Manufacturing Capital Equipment and Analytical Solutions Group segments both have sales in each region. Accordingly, total geographical sales include sales from multiple reportable segments. | ||||||||||||||||||||||||
The following is capital expenditures by reportable segment for the three and nine months ended September 30, 2013 and 2012: | |||||||||||||||||||||||||
Product Groups | Foreign Sales & Service Operations | ||||||||||||||||||||||||
Advanced | Analytical | Europe | Asia | Corporate, | Total | ||||||||||||||||||||
Manufacturing | Solutions Group | Eliminations | |||||||||||||||||||||||
Capital Equipment | and Other | ||||||||||||||||||||||||
Three Months Ended September 30, 2013: | |||||||||||||||||||||||||
Capital expenditures | $ | 1,893 | $ | 125 | $ | 24 | $ | 239 | $ | 513 | $ | 2,794 | |||||||||||||
Nine Months Ended September 30, 2013: | |||||||||||||||||||||||||
Capital expenditures | $ | 6,599 | $ | 265 | $ | 137 | $ | 435 | $ | 1,718 | $ | 9,154 | |||||||||||||
Product Groups | Foreign Sales & Service Operations | ||||||||||||||||||||||||
Advanced | Analytical | Europe | Asia | Corporate, | Total | ||||||||||||||||||||
Manufacturing | Solutions Group | Eliminations | |||||||||||||||||||||||
Capital Equipment | and Other | ||||||||||||||||||||||||
Three Months Ended September 30, 2012: | |||||||||||||||||||||||||
Capital expenditures | $ | 2,102 | $ | 283 | $ | 35 | $ | 237 | $ | 371 | $ | 3,028 | |||||||||||||
Nine Months Ended September 30, 2012: | |||||||||||||||||||||||||
Capital expenditures | $ | 6,741 | $ | 698 | $ | 109 | $ | 654 | $ | 2,838 | $ | 11,040 | |||||||||||||
The following is depreciation and amortization by reportable segment for the three and nine months ended September 30, 2013 and 2012: | |||||||||||||||||||||||||
Product Groups | Foreign Sales & Service Operations | ||||||||||||||||||||||||
Advanced | Analytical | Europe | Asia | Corporate, | Total | ||||||||||||||||||||
Manufacturing | Solutions Group | Eliminations | |||||||||||||||||||||||
Capital Equipment | and Other | ||||||||||||||||||||||||
Three Months Ended September 30, 2013: | |||||||||||||||||||||||||
Depreciation and amortization | $ | 2,861 | $ | 319 | $ | 86 | $ | 294 | $ | 685 | $ | 4,245 | |||||||||||||
Nine Months Ended September 30, 2013: | |||||||||||||||||||||||||
Depreciation and amortization | $ | 8,819 | $ | 923 | $ | 260 | $ | 876 | $ | 1,837 | $ | 12,715 | |||||||||||||
Product Groups | Foreign Sales & Service Operations | ||||||||||||||||||||||||
Advanced | Analytical | Europe | Asia | Corporate, | Total | ||||||||||||||||||||
Manufacturing | Solutions Group | Eliminations | |||||||||||||||||||||||
Capital Equipment | and Other | ||||||||||||||||||||||||
Three Months Ended September 30, 2012: | |||||||||||||||||||||||||
Depreciation and amortization | $ | 2,409 | $ | 248 | $ | 102 | $ | 537 | $ | 344 | $ | 3,640 | |||||||||||||
Nine Months Ended September 30, 2012: | |||||||||||||||||||||||||
Depreciation and amortization | $ | 6,797 | $ | 715 | $ | 305 | $ | 1,330 | $ | 1,050 | $ | 10,197 | |||||||||||||
The following is segment assets by reportable segment: | |||||||||||||||||||||||||
Product Groups | Foreign Sales & Service Operations | ||||||||||||||||||||||||
Advanced | Analytical | Europe | Asia | Corporate, | Total | ||||||||||||||||||||
Manufacturing | Solutions Group | Eliminations | |||||||||||||||||||||||
Capital Equipment | and Other | ||||||||||||||||||||||||
September 30, 2013: | |||||||||||||||||||||||||
Segment assets: | |||||||||||||||||||||||||
Accounts receivable(1) | $ | 14,645 | $ | 4,263 | $ | 6,611 | $ | 36,380 | $ | 36,234 | $ | 98,133 | |||||||||||||
Inventory | 107,935 | 4,354 | 3,950 | 28,532 | (8,711 | ) | 136,060 | ||||||||||||||||||
Total segment assets | $ | 122,580 | $ | 8,617 | $ | 10,561 | $ | 64,912 | $ | 27,523 | $ | 234,193 | |||||||||||||
Product Groups | Foreign Sales & Service Operations | ||||||||||||||||||||||||
Advanced | Analytical | Europe | Asia | Corporate, | Total | ||||||||||||||||||||
Manufacturing | Solutions Group | Eliminations | |||||||||||||||||||||||
Capital Equipment | and Other | ||||||||||||||||||||||||
December 31, 2012: | |||||||||||||||||||||||||
Segment assets: | |||||||||||||||||||||||||
Accounts receivable(1) | $ | 9,644 | $ | 5,889 | $ | 5,813 | $ | 32,088 | $ | 28,626 | $ | 82,060 | |||||||||||||
Inventory | 108,397 | 3,841 | 3,691 | 29,534 | (10,824 | ) | 134,639 | ||||||||||||||||||
Total segment assets | $ | 118,041 | $ | 9,730 | $ | 9,504 | $ | 61,622 | $ | 17,802 | $ | 216,699 | |||||||||||||
-1 | A significant portion of segment receivables are processed at the Company’s shared services center at the Corporate location. | ||||||||||||||||||||||||
A reconciliation of segment assets to consolidated total assets is as follows: | |||||||||||||||||||||||||
September 30, 2013 | December 31, 2012 | ||||||||||||||||||||||||
Total segment assets | $ | 234,193 | $ | 216,699 | |||||||||||||||||||||
Cash and cash equivalents and investments | 625,837 | 627,399 | |||||||||||||||||||||||
Other current assets | 38,710 | 36,242 | |||||||||||||||||||||||
Property, plant and equipment, net | 78,020 | 80,516 | |||||||||||||||||||||||
Goodwill and intangible assets, net | 164,016 | 162,294 | |||||||||||||||||||||||
Other assets | 31,198 | 29,412 | |||||||||||||||||||||||
Consolidated total assets | $ | 1,171,974 | $ | 1,152,562 | |||||||||||||||||||||
Worldwide Product Information | |||||||||||||||||||||||||
Because the reportable segment information above does not reflect worldwide sales of the Company’s products, the Company groups its products into four groups of similar products based upon the similarity of product function. Worldwide net revenue for each group of products is as follows: | |||||||||||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||||||||||
September 30, | September 30, | ||||||||||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||||||||||
Instruments and Control Products | $ | 60,615 | $ | 57,761 | $ | 184,729 | $ | 205,654 | |||||||||||||||||
Power and Reactive Gas Products | 72,471 | 52,031 | 182,294 | 199,864 | |||||||||||||||||||||
Vacuum Products | 18,098 | 15,435 | 53,588 | 53,158 | |||||||||||||||||||||
Analytical Solutions Group Products | 15,269 | 16,220 | 44,415 | 51,036 | |||||||||||||||||||||
$ | 166,453 | $ | 141,447 | $ | 465,026 | $ | 509,712 | ||||||||||||||||||
Sales of Instruments and Control Products, Power and Reactive Gas Products and Vacuum Products are included in the Company’s Advanced Manufacturing Capital Equipment Products segment as well as in the foreign sales and service operations because the products are sold through the foreign sales and service operations in their respective regions. Sales of the Analytical Solutions Group products are included in the Analytical Solutions Group segment as well as in the foreign sales and service operations because the products are sold through the foreign sales and service operations in their respective regions. | |||||||||||||||||||||||||
Geographic | |||||||||||||||||||||||||
Information about the Company’s operations in different geographic regions is presented in the tables below. Net revenues to unaffiliated customers are based on the location in which the sale originated. Transfers between geographic areas are at negotiated transfer prices and have been eliminated from consolidated net revenues. | |||||||||||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||||||||||
September 30, | September 30, | ||||||||||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||||||||||
Net revenues: | |||||||||||||||||||||||||
United States | $ | 91,286 | $ | 73,775 | $ | 252,704 | $ | 259,954 | |||||||||||||||||
Korea | 16,491 | 12,574 | 46,597 | 54,472 | |||||||||||||||||||||
Japan | 13,825 | 14,270 | 40,243 | 67,122 | |||||||||||||||||||||
Europe | 20,433 | 21,341 | 57,958 | 65,800 | |||||||||||||||||||||
Asia (excluding Korea and Japan) | 24,418 | 19,487 | 67,524 | 62,364 | |||||||||||||||||||||
$ | 166,453 | $ | 141,447 | $ | 465,026 | $ | 509,712 | ||||||||||||||||||
September 30, 2013 | December 31, 2012 | ||||||||||||||||||||||||
Long-lived assets:(1) | |||||||||||||||||||||||||
United States | $ | 61,404 | $ | 62,203 | |||||||||||||||||||||
Europe | 5,175 | 5,844 | |||||||||||||||||||||||
Asia | 13,398 | 14,664 | |||||||||||||||||||||||
$ | 79,977 | $ | 82,711 | ||||||||||||||||||||||
-1 | Long-lived assets include property, plant and equipment, net and certain other long-term assets, excluding long-term income tax receivable. | ||||||||||||||||||||||||
Major Customers | |||||||||||||||||||||||||
The Company had two customers with net revenues greater than 10% of total net revenues in the periods shown as follows: | |||||||||||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||||||||||
September 30, | September 30, | ||||||||||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||||||||||
Customer A | 16.4 | % | 13.9 | % | 16.7 | % | 14.8 | % | |||||||||||||||||
Customer B | 13.5 | % | 8.5 | % | 11.8 | % | 10.3 | % |
Restructuring
Restructuring | 9 Months Ended | |
Sep. 30, 2013 | ||
Restructuring And Related Activities [Abstract] | ' | |
Restructuring | ' | |
17) | Restructuring | |
In the second and third quarters of 2013, the Company initiated restructuring plans to consolidate a small sales office and a small engineering facility to other MKS facilities. The plans included a small reduction in headcount of approximately 27 people. | ||
The Company recorded restructuring charges of $1,126 and $1,364 for the three and nine months ended September 30, 2013, respectively. The restructuring charges were primarily for severance and other charges associated with the reductions in workforce. The restructuring plans are expected to be completed by December 31, 2013. |
Commitments_and_Contingencies
Commitments and Contingencies | 9 Months Ended | |
Sep. 30, 2013 | ||
Commitments And Contingencies Disclosure [Abstract] | ' | |
Commitments and Contingencies | ' | |
18) | Commitments and Contingencies | |
In the third quarter of 2012, we incurred $5,316 in charges to settle litigation with former shareholders of one of our former subsidiaries. This litigation was long-standing and the decision to reach a settlement was made to eliminate future legal expenses related to the suit. In the second quarter of 2013, we recovered $1,071 from our insurance company relating to the 2012 litigation settlement. | ||
The Company is subject to various legal proceedings and claims, which have arisen in the ordinary course of business. In the opinion of management, the ultimate disposition of these matters will not have a material adverse effect on the Company’s results of operations, financial condition or cash flows. |
Recently_Issued_Accounting_Pro1
Recently Issued Accounting Pronouncements (Policies) | 9 Months Ended |
Sep. 30, 2013 | |
Accounting Changes And Error Corrections [Abstract] | ' |
Offsetting Assets and Liabilities | ' |
In December 2011, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2011-11, “Disclosures about Offsetting Assets and Liabilities.” This ASU is intended to enhance the understanding of the effects of netting arrangements on an entity’s financial statements, including financial instruments and derivative instruments that are either offset or subject to a master netting arrangement. The scope of this ASU includes derivatives, sale and repurchase agreements, reverse sale and repurchase agreements, and securities borrowing and lending arrangements. In January 2013, the FASB issued ASU No. 2013-01 “Clarifying the Scope of Disclosures about Offsetting Assets and Liabilities.” This standard provided additional guidance on the scope of ASU No. 2011-11. The provisions of this ASU are effective for interim and annual periods beginning on or after January 1, 2013. The adoption of ASU No. 2011-11 did not have a material effect on the Company’s consolidated financial statements. | |
Other Comprehensive Income | ' |
On February 5, 2013, the FASB issued ASU No. 2013-02, “Other Comprehensive Income (Topic 220: Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income.” This ASU is intended to improve the reporting of reclassifications out of accumulated other comprehensive income by requiring an entity to provide information about the amounts reclassified out of accumulated other comprehensive income by component. In addition, an entity is required to present, either on the face of the statement where net income is presented or in the notes, significant amounts reclassified out of accumulated other comprehensive income, by the respective line items of net income but only if the amount reclassified is required under U.S. GAAP to be reclassified to net income in its entirely in the same reporting period. For other amounts that are not required under U.S. GAAP to be reclassified in their entirety to net income, an entity is required to cross-reference to other disclosures required under U.S. GAAP that provide additional detail about those amounts. The provisions of this ASU are effective prospectively for interim and annual periods beginning after December 15, 2012. The adoption of ASU No. 2013-12 did not have a material effect on the Company’s consolidated financial statements. | |
Income Taxes | ' |
On July 18, 2013, the FASB issued ASU 2013-11, “Income Taxes (Topic 740): Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists.” Under the new standard, unrecognized tax benefits will be netted against all available same-jurisdiction loss or other tax carryforwards that would be utilized, rather than only against carryforwards that are created by unrecognized tax benefits. The provisions of this ASU are effective for interim and annual periods beginning on or after December 15, 2013. The adoption of ASU No. 2013-11 is not expected to have a material effect on the Company’s consolidated financial statements. |
Basis_of_Presentation_Tables
Basis of Presentation (Tables) | 9 Months Ended | ||||||||||||
Sep. 30, 2013 | |||||||||||||
Accounting Policies [Abstract] | ' | ||||||||||||
Revisions in the Balance Sheet Line Items | ' | ||||||||||||
The tables below reflect the revisions in the balance sheet line items for the periods ended December 31, 2012 and 2011. | |||||||||||||
December 31, 2012 | |||||||||||||
As previously | Adjustment | As revised | |||||||||||
reported | |||||||||||||
Other assets | $ | 11,692 | $ | 17,720 | $ | 29,412 | |||||||
Other liabilities | $ | 43,375 | $ | 17,720 | $ | 61,095 | |||||||
31-Dec-11 | |||||||||||||
As previously | Adjustment | As revised | |||||||||||
reported | |||||||||||||
Other assets | $ | 12,266 | $ | 15,281 | $ | 27,547 | |||||||
Other liabilities | $ | 32,211 | $ | 15,281 | $ | 47,492 | |||||||
Revision of Other Assets and Other Liabilities | ' | ||||||||||||
The tables below reflect the sections in certain footnotes that were affected by the revision for the periods ended December 31, 2012 and 2011. | |||||||||||||
Other Assets | |||||||||||||
December 31, 2012 | |||||||||||||
As previously | Adjustment | As revised | |||||||||||
reported | |||||||||||||
Deferred tax assets, net | $ | 9,497 | $ | — | $ | 9,497 | |||||||
Long-term income tax receivable | — | 17,720 | 17,720 | ||||||||||
Other | 2,195 | — | 2,195 | ||||||||||
$ | 11,692 | $ | 17,720 | $ | 29,412 | ||||||||
31-Dec-11 | |||||||||||||
As previously | Adjustment | As revised | |||||||||||
reported | |||||||||||||
Deferred tax assets, net | $ | 10,274 | $ | — | $ | 10,274 | |||||||
Long-term income tax receivable | — | 15,281 | 15,281 | ||||||||||
Other | 1,992 | — | 1,992 | ||||||||||
$ | 12,266 | $ | 15,281 | $ | 27,547 | ||||||||
Other Liabilities | |||||||||||||
31-Dec-12 | |||||||||||||
As previously | Adjustment | As revised | |||||||||||
reported | |||||||||||||
Long-term income tax payable | $ | 20,880 | $ | 17,720 | $ | 38,600 | |||||||
Accrued compensation | 18,750 | — | 18,750 | ||||||||||
Other | 3,745 | — | 3,745 | ||||||||||
$ | 43,375 | $ | 17,720 | $ | 61,095 | ||||||||
December 31, 2011 | |||||||||||||
As previously | Adjustment | As revised | |||||||||||
reported | |||||||||||||
Long-term income tax payable | $ | 16,084 | $ | 15,281 | $ | 31,365 | |||||||
Accrued compensation | 15,174 | — | 15,174 | ||||||||||
Other | 953 | — | 953 | ||||||||||
$ | 32,211 | $ | 15,281 | $ | 47,492 | ||||||||
Revision of Income Taxes | ' | ||||||||||||
Income Taxes | |||||||||||||
December 31, 2012 | |||||||||||||
As previously | Adjustment | As revised | |||||||||||
reported | |||||||||||||
Current taxes: | |||||||||||||
United States | $ | 10,431 | $ | 4,314 | $ | 14,745 | |||||||
State | 783 | — | 783 | ||||||||||
Foreign | 12,074 | (4,314 | ) | 7,760 | |||||||||
$ | 23,288 | $ | — | $ | 23,288 | ||||||||
31-Dec-11 | |||||||||||||
As previously | Adjustment | As revised | |||||||||||
reported | |||||||||||||
Current taxes: | |||||||||||||
United States | $ | 25,824 | $ | 15,032 | $ | 40,856 | |||||||
State | 2,602 | — | 2,602 | ||||||||||
Foreign | 20,346 | (15,032 | ) | 5,314 | |||||||||
$ | 48,772 | $ | — | $ | 48,772 | ||||||||
December 31, 2010 | |||||||||||||
As previously | Adjustment | As revised | |||||||||||
reported | |||||||||||||
Current taxes: | |||||||||||||
United States | $ | 27,789 | $ | 8,807 | $ | 36,596 | |||||||
State | 3,323 | — | 3,323 | ||||||||||
Foreign | 22,296 | (8,807 | ) | 13,489 | |||||||||
$ | 53,408 | $ | — | $ | 53,408 | ||||||||
Reconciliation of Segment Assets to Consolidated Total Assets | ' | ||||||||||||
A reconciliation of segment assets to consolidated total assets is as follows: | |||||||||||||
December 31, 2012 | |||||||||||||
As previously | Adjustment | As revised | |||||||||||
reported | |||||||||||||
Total segment assets | $ | 216,699 | $ | — | $ | 216,699 | |||||||
Cash and cash equivalents and investments | 627,399 | — | 627,399 | ||||||||||
Other current assets | 36,242 | — | 36,242 | ||||||||||
Property, plant and equipment, net | 80,516 | — | 80,516 | ||||||||||
Goodwill and intangible assets, net | 162,294 | — | 162,294 | ||||||||||
Other assets | 11,692 | 17,720 | 29,412 | ||||||||||
Consolidated total assets | $ | 1,134,842 | $ | 17,720 | $ | 1,152,562 | |||||||
December 31, 2011 | |||||||||||||
As previously | Adjustment | As revised | |||||||||||
reported | |||||||||||||
Total segment assets | $ | 274,526 | $ | — | $ | 274,526 | |||||||
Cash and cash equivalents and investments | 573,392 | — | 573,392 | ||||||||||
Other current assets | 44,856 | — | 44,856 | ||||||||||
Property, plant and equipment, net | 72,487 | — | 72,487 | ||||||||||
Goodwill and intangible assets, net | 141,127 | — | 141,127 | ||||||||||
Other assets | 12,266 | 15,281 | 27,547 | ||||||||||
Consolidated total assets | $ | 1,118,654 | $ | 15,281 | $ | 1,133,935 | |||||||
Investments_Tables
Investments (Tables) | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Investments Debt And Equity Securities [Abstract] | ' | ||||||||||||||||
Fair Value of Available for Sale and Trading Investments | ' | ||||||||||||||||
The fair value of short-term investments with maturities or estimated lives of less than one year consists of the following: | |||||||||||||||||
September 30, 2013 | December 31, 2012 | ||||||||||||||||
Available-for-sale investments: | |||||||||||||||||
Bankers’ acceptance drafts | $ | 330 | $ | 242 | |||||||||||||
Time deposits | 77,577 | 52 | |||||||||||||||
Commercial paper and corporate obligations | 81,308 | — | |||||||||||||||
U.S. treasury obligations | — | 13,054 | |||||||||||||||
U.S. agency obligations | 205,702 | 313,514 | |||||||||||||||
364,917 | 326,862 | ||||||||||||||||
Trading investments: | |||||||||||||||||
Mutual funds | 959 | 791 | |||||||||||||||
$ | 365,876 | $ | 327,653 | ||||||||||||||
Fair Value of Long-Term Available-for-Sale Investments | ' | ||||||||||||||||
The fair value of long-term investments with maturities of more than one year consists of the following: | |||||||||||||||||
September 30, 2013 | December 31, 2012 | ||||||||||||||||
Available-for-sale investments: | |||||||||||||||||
Time deposits | $ | 56 | $ | — | |||||||||||||
U.S. agency obligations | 5,127 | 12,158 | |||||||||||||||
$ | 5,183 | $ | 12,158 | ||||||||||||||
Gross Unrealized Gains and (Losses) Aggregated by Investment Category Short-Term and Long-Term Securities | ' | ||||||||||||||||
The following tables show the gross unrealized gains and (losses) aggregated by investment category for short-term and long-term available-for-sale investments: | |||||||||||||||||
As of September 30, 2013: | Cost | Gross | Gross | Estimated | |||||||||||||
Unrealized | Unrealized | Fair Value | |||||||||||||||
Gains | (Losses) | ||||||||||||||||
Short-term investments: | |||||||||||||||||
Bankers’ acceptance drafts | $ | 330 | $ | — | $ | — | $ | 330 | |||||||||
Time deposits | 77,575 | 5 | (3 | ) | 77,577 | ||||||||||||
Commercial paper and corporate obligations | 81,300 | 10 | (2 | ) | 81,308 | ||||||||||||
U.S. agency obligations | 205,639 | 63 | — | 205,702 | |||||||||||||
$ | 364,844 | $ | 78 | $ | (5 | ) | $ | 364,917 | |||||||||
Long-term investments: | |||||||||||||||||
Time deposits | $ | 56 | $ | — | $ | — | $ | 56 | |||||||||
U.S. agency obligations | 5,122 | 5 | — | 5,127 | |||||||||||||
U.S. agency obligations | $ | 5,178 | $ | 5 | $ | — | $ | 5,183 | |||||||||
As of December 31, 2012: | Cost | Gross | Gross | Estimated | |||||||||||||
Unrealized | Unrealized | Fair Value | |||||||||||||||
Gains | (Losses) | ||||||||||||||||
Short-term investments: | |||||||||||||||||
Time deposits | $ | 52 | $ | — | $ | — | $ | 52 | |||||||||
Bankers’ acceptance drafts | 242 | — | — | 242 | |||||||||||||
U.S. treasury obligations | 13,045 | 9 | — | 13,054 | |||||||||||||
U.S. agency obligations | 313,262 | 258 | (6 | ) | 313,514 | ||||||||||||
$ | 326,601 | $ | 267 | $ | (6 | ) | $ | 326,862 | |||||||||
Long-term investments: | |||||||||||||||||
U.S. agency obligations | $ | 12,156 | $ | 2 | $ | — | $ | 12,158 | |||||||||
Fair_Value_Measurements_Tables
Fair Value Measurements (Tables) | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Fair Value Disclosures [Abstract] | ' | ||||||||||||||||
Schedule of Fair Value of Assets and Liabilities Measured on Recurring Basis | ' | ||||||||||||||||
Assets and liabilities of the Company are measured at fair value on a recurring basis as of September 30, 2013 and are summarized as follows: | |||||||||||||||||
Fair Value Measurements at Reporting Date Using | |||||||||||||||||
Description | Total | Quoted Prices in | Significant | Significant | |||||||||||||
September 30, 2013 | Active Markets | Other | Unobservable | ||||||||||||||
for Identical | Observable | Inputs | |||||||||||||||
Assets | Inputs | (Level 3) | |||||||||||||||
(Level 1) | (Level 2) | ||||||||||||||||
Assets: | |||||||||||||||||
Cash equivalents: | |||||||||||||||||
Money market funds | $ | 57,982 | $ | 57,982 | $ | — | $ | — | |||||||||
Trading securities: | |||||||||||||||||
Mutual funds | 959 | 959 | — | — | |||||||||||||
Available-for-sale securities: | |||||||||||||||||
Bankers’ acceptance drafts | 330 | — | 330 | — | |||||||||||||
Time deposits | 77,633 | — | 77,633 | — | |||||||||||||
Commercial paper and corporate obligations | 81,308 | — | 81,308 | — | |||||||||||||
U.S. agency obligations | 210,829 | 195,275 | 15,554 | — | |||||||||||||
Derivatives – currency forward contracts | 746 | — | 746 | — | |||||||||||||
Total assets | $ | 429,787 | $ | 254,216 | $ | 175,571 | $ | — | |||||||||
Liabilities: | |||||||||||||||||
Derivatives – currency forward contracts | $ | 749 | $ | — | $ | 749 | $ | — | |||||||||
Reported as follows: | |||||||||||||||||
Assets: | |||||||||||||||||
Cash and cash equivalents(1) | $ | 57,982 | $ | 57,982 | $ | — | $ | — | |||||||||
Short-term investments | 365,876 | 191,107 | 174,769 | — | |||||||||||||
Other current assets | 746 | — | 746 | — | |||||||||||||
Total current assets | $ | 424,604 | $ | 249,089 | $ | 175,515 | $ | — | |||||||||
Long-term investments | $ | 5,183 | $ | 5,127 | $ | 56 | $ | — | |||||||||
Liabilities: | |||||||||||||||||
Other current liabilities | $ | 749 | $ | — | $ | 749 | $ | — | |||||||||
-1 | The cash and cash equivalent amounts presented in the table above do not include cash of $192,396 and non-negotiable time deposits of $4,400 as of September 30, 2013. | ||||||||||||||||
Assets and liabilities of the Company are measured at fair value on a recurring basis as of December 31, 2012 and are summarized as follows: | |||||||||||||||||
Fair Value Measurements at Reporting Date Using | |||||||||||||||||
Description | Total | Quoted Prices in | Significant Other | Significant | |||||||||||||
December 31, 2012 | Active Markets | Observable | Unobservable | ||||||||||||||
for Identical | Inputs | Inputs | |||||||||||||||
Assets | (Level 2) | (Level 3) | |||||||||||||||
(Level 1) | |||||||||||||||||
Assets: | |||||||||||||||||
Cash equivalents: | |||||||||||||||||
Money market funds | $ | 51,291 | $ | 51,291 | $ | — | $ | — | |||||||||
Bankers acceptance drafts | 16 | — | 16 | — | |||||||||||||
Trading securities: | |||||||||||||||||
Mutual funds | 791 | 791 | — | — | |||||||||||||
Available-for-sale securities: | |||||||||||||||||
Bankers’ acceptance drafts | 242 | — | 242 | — | |||||||||||||
U.S. treasury obligations | 13,054 | — | 13,054 | — | |||||||||||||
U.S. agency obligations | 325,672 | 295,665 | 30,007 | — | |||||||||||||
Derivatives – currency forward contracts | 961 | — | 961 | — | |||||||||||||
Total assets | $ | 392,027 | $ | 347,747 | $ | 44,280 | $ | — | |||||||||
Liabilities: | |||||||||||||||||
Derivatives – currency forward contracts | $ | 1,310 | $ | — | $ | 1,310 | $ | — | |||||||||
Reported as follows: | |||||||||||||||||
Assets: | |||||||||||||||||
Cash and cash equivalents(1) | $ | 51,307 | $ | 51,291 | $ | 16 | $ | — | |||||||||
Short-term investments(2) | 327,601 | 284,298 | 43,303 | — | |||||||||||||
Other current assets | 961 | — | 961 | — | |||||||||||||
Total current assets | $ | 379,869 | $ | 335,589 | $ | 44,280 | $ | — | |||||||||
Long-term investments | $ | 12,158 | $ | 12,158 | $ | — | $ | — | |||||||||
Liabilities: | |||||||||||||||||
Other current liabilities | $ | 1,310 | $ | — | $ | 1,310 | $ | — | |||||||||
-1 | The cash and cash equivalent amounts presented in the table above do not include cash of $185,143 and non-negotiable time deposits of $51,138 as of December 31, 2012. | ||||||||||||||||
-2 | The short-term investments presented in the table above do not include non-negotiable time deposits of $52 as of December 31, 2012. |
Derivatives_Tables
Derivatives (Tables) | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Derivative Instruments And Hedging Activities Disclosure [Abstract] | ' | ||||||||||||||||
Summary of Primary Net Hedging Positions and Corresponding Fair Values | ' | ||||||||||||||||
The following tables provide a summary of the primary net hedging positions and corresponding fair values held as of September 30, 2013 and December 31, 2012: | |||||||||||||||||
September 30, 2013 | |||||||||||||||||
Currency Hedged (Buy/Sell) | Gross Notional | F air Value(1) | |||||||||||||||
Value | Asset/(Liability) | ||||||||||||||||
U.S. Dollar/Japanese Yen | $ | 11,763 | $ | 746 | |||||||||||||
U.S. Dollar/South Korean Won | 18,081 | (636 | ) | ||||||||||||||
U.S. Dollar/Euro | 4,241 | (76 | ) | ||||||||||||||
U.S. Dollar/U.K. Pound Sterling | 2,444 | (37 | ) | ||||||||||||||
Total | $ | 36,529 | $ | (3 | ) | ||||||||||||
-1 | Represents the fair value of the net asset / (liability) amount included in the consolidated balance sheets. | ||||||||||||||||
December 31, 2012 | |||||||||||||||||
Currency Hedged (Buy/Sell) | Gross Notional | Fair Value(1) | |||||||||||||||
Value | Asset/(Liability) | ||||||||||||||||
U.S. Dollar/Japanese Yen | $ | 13,992 | $ | 961 | |||||||||||||
U.S. Dollar/South Korean Won | 19,374 | (1,180 | ) | ||||||||||||||
U.S. Dollar/Euro | 4,217 | (57 | ) | ||||||||||||||
U.S. Dollar/U.K. Pound Sterling | 3,865 | (73 | ) | ||||||||||||||
Total | $ | 41,448 | $ | (349 | ) | ||||||||||||
-1 | Represents the fair value of the net asset / (liability) amount included in the consolidated balance sheets. | ||||||||||||||||
Summary of Fair Value Amounts of Company's Derivative Instruments | ' | ||||||||||||||||
The following table provides a summary of the fair value amounts of the Company’s derivative instruments: | |||||||||||||||||
Derivatives Designated as Hedging Instruments | September 30, 2013 | December 31, 2012 | |||||||||||||||
Derivative assets: | |||||||||||||||||
Forward exchange contracts | $ | 746 | $ | 961 | |||||||||||||
Derivative liabilities: | |||||||||||||||||
Forward exchange contracts | (749 | ) | (1,310 | ) | |||||||||||||
Total net derivative (liability) designated as hedging instruments(1) | $ | (3 | ) | $ | (349 | ) | |||||||||||
-1 | The derivative assets of $746 and derivative liabilities of $749 are classified in other current assets and other current liabilities, respectively, in the consolidated balance sheet as of September 30, 2013. The derivative assets of $961 and derivative liabilities of $1,310 are classified in other current assets and other current liabilities, respectively, in the consolidated balance sheet as of December 31, 2012. These foreign exchange contracts are subject to a master netting agreement with one financial institution. However, the Company has elected to record these contracts on a gross basis in the balance sheet. | ||||||||||||||||
Summary of Gains (Losses) on Derivatives Designated as Hedging Instruments | ' | ||||||||||||||||
The following table provides a summary of the gains (losses) on derivatives designated as hedging instruments: | |||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||
September 30, | September 30, | ||||||||||||||||
Derivatives Designated as Cash Flow Hedging Relationships | 2013 | 2012 | 2013 | 2012 | |||||||||||||
Forward exchange contracts: | |||||||||||||||||
Net (loss) recognized in OCI(1) | $ | (1,837 | ) | $ | (581 | ) | $ | (315 | ) | $ | (312 | ) | |||||
Net gain (loss) reclassified from OCI into income(2) | $ | 297 | $ | (739 | ) | $ | 1,102 | $ | (1,178 | ) | |||||||
Net (loss) recognized in expense(3) | $ | — | $ | (66 | ) | $ | — | $ | (66 | ) | |||||||
-1 | Net change in the fair value of the effective portion classified in OCI. | ||||||||||||||||
-2 | Effective portion classified in cost of products for the three and nine months ended September 30, 2013 and selling, general and administrative expenses for the three and nine months ended September 30, 2012. | ||||||||||||||||
-3 | Ineffective portion amount excluded from effectiveness testing which is recorded in selling, general and administrative expenses for the three and nine months ended September 30, 2012. | ||||||||||||||||
Summary of Gains on Derivatives Not Designated as Hedging Instruments | ' | ||||||||||||||||
The following table provides a summary of gains on derivatives not designated as hedging instruments: | |||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||
September 30, | September 30, | ||||||||||||||||
Derivatives Not Designated as Hedging Instruments | 2013 | 2012 | 2013 | 2012 | |||||||||||||
Forward exchange contracts: | |||||||||||||||||
Net (loss) gain recognized in income(1) | $ | (514 | ) | $ | (552 | ) | $ | 141 | $ | (552 | ) | ||||||
-1 | The Company has a forward foreign exchange contract that hedges an intercompany loan with its Korean subsidiary. This hedge does not qualify for hedge accounting and any gains (losses) are recorded immediately in selling, general and administrative expenses. |
Inventories_Tables
Inventories (Tables) | 9 Months Ended | ||||||||
Sep. 30, 2013 | |||||||||
Inventory Disclosure [Abstract] | ' | ||||||||
Summary of Inventories | ' | ||||||||
Inventories consist of the following: | |||||||||
September 30, 2013 | December 31, 2012 | ||||||||
Raw materials | $ | 72,240 | $ | 76,610 | |||||
Work-in-process | 22,145 | 19,708 | |||||||
Finished goods | 41,675 | 38,321 | |||||||
$ | 136,060 | $ | 134,639 | ||||||
Acquisition_Tables
Acquisition (Tables) | 9 Months Ended | ||||||
Sep. 30, 2013 | |||||||
Business Combinations [Abstract] | ' | ||||||
Summary of Estimated Fair Value of Assets Acquired and Liabilities Assumed | ' | ||||||
The following table summarizes the estimated fair value of the assets acquired and liabilities assumed at the date of the acquisition: | |||||||
Current assets | $ | 1,053 | |||||
Property and equipment | 211 | ||||||
Intangible assets | 2,806 | ||||||
Other assets | 67 | ||||||
Total assets acquired | 4,137 | ||||||
Debt (Note 11) | 770 | ||||||
Deferred taxes and other liabilities | 920 | ||||||
Total liabilities assumed | 1,690 | ||||||
Total purchase price | 2,447 | ||||||
Cash acquired | (21 | ) | |||||
Total purchase price, net of cash acquired | $ | 2,426 | |||||
Allocation of Acquired Intangible Assets and Related Estimates of Useful Lives | ' | ||||||
The following table reflects the allocation of the acquired intangible assets and related estimates of useful lives. These acquired intangibles will be amortized on a straight-line basis. | |||||||
Current developed technology | $ | 2,208 | 9 year useful life | ||||
Trademarks and trade names | 598 | 3 year useful life | |||||
$ | 2,806 | ||||||
Goodwill_and_Intangible_Assets1
Goodwill and Intangible Assets (Tables) | 9 Months Ended | ||||||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||||||
Goodwill And Intangible Assets Disclosure [Abstract] | ' | ||||||||||||||||||||||||
Goodwill | ' | ||||||||||||||||||||||||
The changes in the carrying amount of goodwill and accumulated impairment (loss) during the nine months ended September, 2013 and twelve months ended December 31, 2012 were as follows: | |||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||
Gross | Accumulated | Net | Gross | Accumulated | Net | ||||||||||||||||||||
Carrying | Impairment | Carrying | Impairment | ||||||||||||||||||||||
Amount | (Loss) | Amount | (Loss) | ||||||||||||||||||||||
Beginning balance at January 1 | $ | 290,147 | $ | (139,414 | ) | $ | 150,733 | $ | 279,498 | $ | (139,414 | ) | $ | 140,084 | |||||||||||
Acquired goodwill(1) | — | — | — | 9,989 | — | 9,989 | |||||||||||||||||||
Foreign currency translation | (33 | ) | — | (33 | ) | 660 | — | 660 | |||||||||||||||||
Ending balance at September 30, 2013 and December 31, 2012 | $ | 290,114 | $ | (139,414 | ) | $ | 150,700 | $ | 290,147 | $ | (139,414 | ) | $ | 150,733 | |||||||||||
-1 | In August 2012, the Company purchased Plasmart, Inc. for $22,607, net of cash acquired. The Company recorded $9,989 of goodwill in connection with the acquisition. | ||||||||||||||||||||||||
Intangible Assets | ' | ||||||||||||||||||||||||
Components of the Company’s intangible assets are comprised of the following: | |||||||||||||||||||||||||
Gross | Accumulated | Foreign | Net | ||||||||||||||||||||||
Amortization | Currency | ||||||||||||||||||||||||
Translation | |||||||||||||||||||||||||
As of September 30, 2013: | |||||||||||||||||||||||||
Completed technology(1) | $ | 84,680 | $ | (77,823 | ) | $ | 369 | $ | 7,226 | ||||||||||||||||
Customer relationships | 14,571 | (9,590 | ) | 281 | 5,262 | ||||||||||||||||||||
Patents, trademarks, trade names and other(1) | 25,636 | (24,840 | ) | 32 | 828 | ||||||||||||||||||||
$ | 124,887 | $ | (112,253 | ) | $ | 682 | $ | 13,316 | |||||||||||||||||
-1 | In August 2013, the Company purchased $268 of net assets of which $388 was completed technology. In March 2013, the Company purchased Alter for $2,426, net of cash acquired. The Company recorded $2,806 of separately identified intangible assets, of which $2,208 was completed technology and $598 was trademarks and trade names. | ||||||||||||||||||||||||
Gross | Accumulated | Foreign | Net | ||||||||||||||||||||||
Amortization | Currency | ||||||||||||||||||||||||
Translation | |||||||||||||||||||||||||
As of December 31, 2012: | |||||||||||||||||||||||||
Completed technology | $ | 82,084 | $ | (77,243 | ) | $ | 254 | $ | 5,095 | ||||||||||||||||
Customer relationships | 14,571 | (8,886 | ) | 312 | 5,997 | ||||||||||||||||||||
Patents, trademarks, trade names and other | 25,038 | (24,587 | ) | 18 | 469 | ||||||||||||||||||||
$ | 121,693 | $ | (110,716 | ) | $ | 584 | $ | 11,561 | |||||||||||||||||
Estimated Amortization Expense | ' | ||||||||||||||||||||||||
nine months ended September 30, 2012 were $215 and $453, respectively. Estimated amortization expense for each of the remaining fiscal years is as follows: | |||||||||||||||||||||||||
Year | Amount | ||||||||||||||||||||||||
2013 (remaining) | $ | 466 | |||||||||||||||||||||||
2014 | 1,768 | ||||||||||||||||||||||||
2015 | 1,752 | ||||||||||||||||||||||||
2016 | 1,570 | ||||||||||||||||||||||||
2017 | 1,541 | ||||||||||||||||||||||||
2018 | 1,532 | ||||||||||||||||||||||||
Thereafter | 4,687 |
Other_Assets_Tables
Other Assets (Tables) | 9 Months Ended | ||||||||
Sep. 30, 2013 | |||||||||
Deferred Costs Capitalized Prepaid And Other Assets Disclosure [Abstract] | ' | ||||||||
Schedule of Other Assets | ' | ||||||||
September 30, | December 31, | ||||||||
2013 | 2012 | ||||||||
Other Current Assets: | |||||||||
Income tax receivable | $ | 10,684 | $ | 12,768 | |||||
Other | 17,967 | 15,280 | |||||||
Total other current assets | $ | 28,651 | $ | 28,048 | |||||
Other Assets: | |||||||||
Deferred tax assets, net | $ | 9,828 | $ | 9,497 | |||||
Long-term income tax receivable | 19,411 | 17,720 | |||||||
Other | 1,959 | 2,195 | |||||||
Total other assets | $ | 31,198 | $ | 29,412 |
Other_Liabilities_Tables
Other Liabilities (Tables) | 9 Months Ended | ||||||||
Sep. 30, 2013 | |||||||||
Other Liabilities Disclosure [Abstract] | ' | ||||||||
Schedule of Other Liabilities | ' | ||||||||
September 30, | December 31, | ||||||||
2013 | 2012 | ||||||||
Other Current Liabilities: | |||||||||
Product warranties | $ | 6,732 | $ | 8,266 | |||||
Deferred revenue | 4,599 | 9,280 | |||||||
Other | 24,568 | 19,859 | |||||||
Total other current liabilities | $ | 35,899 | $ | 37,405 | |||||
Other Liabilities: | |||||||||
Long-term income tax payable | $ | 44,309 | $ | 38,600 | |||||
Accrued compensation | 21,078 | 18,750 | |||||||
Other | 5,004 | 3,745 | |||||||
Total other liabilities | $ | 70,391 | $ | 61,095 |
Product_Warranties_Tables
Product Warranties (Tables) | 9 Months Ended | ||||||||
Sep. 30, 2013 | |||||||||
Guarantees [Abstract] | ' | ||||||||
Product Warranties | ' | ||||||||
Product warranty activities were as follows: | |||||||||
Nine Months Ended September 30, | |||||||||
2013 | 2012 | ||||||||
Balance at January 1 | $ | 8,266 | $ | 8,315 | |||||
Provision for product warranties | 1,705 | 3,750 | |||||||
Direct charges to warranty liability | (3,142 | ) | (3,733 | ) | |||||
Foreign currency translation | (97 | ) | 505 | ||||||
Balance at September 30 | $ | 6,732 | $ | 8,837 | |||||
Net_Income_Per_Share_Tables
Net Income Per Share (Tables) | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Earnings Per Share [Abstract] | ' | ||||||||||||||||
Computation of Basic and Diluted Net Income Per Share | ' | ||||||||||||||||
The following table sets forth the computation of basic and diluted net income per share: | |||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||
September 30, | September 30, | ||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||
Numerator: | |||||||||||||||||
Net income | $ | 2,458 | $ | 2,580 | $ | 15,539 | $ | 43,920 | |||||||||
Denominator: | |||||||||||||||||
Shares used in net income per common share – basic | 53,165,000 | 52,854,000 | 52,998,000 | 52,679,000 | |||||||||||||
Effect of dilutive securities: | |||||||||||||||||
Stock options, restricted stock and employee stock purchase plan | 348,000 | 436,000 | 412,000 | 561,000 | |||||||||||||
Shares used in net income per common share – diluted | 53,513,000 | 53,290,000 | 53,410,000 | 53,240,000 | |||||||||||||
Net income per common share: | |||||||||||||||||
Basic | $ | 0.05 | $ | 0.05 | $ | 0.29 | $ | 0.83 | |||||||||
Diluted | $ | 0.05 | $ | 0.05 | $ | 0.29 | $ | 0.82 |
Business_Segment_Geographic_Ar1
Business Segment, Geographic Area, Product and Significant Customer Information (Tables) | 9 Months Ended | ||||||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||||||
Segment Reporting [Abstract] | ' | ||||||||||||||||||||||||
Net Revenues by Reportable Segment | ' | ||||||||||||||||||||||||
The following is net revenues by reportable segment: | |||||||||||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||||||||||
September 30, | September 30, | ||||||||||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||||||||||
Advanced Manufacturing Capital Equipment | $ | 133,307 | $ | 104,191 | $363,512 | $382,016 | |||||||||||||||||||
Analytical Solutions Group | 13,313 | 15,160 | 41,217 | 47,680 | |||||||||||||||||||||
Europe Region Sales & Service Operations(1) | 12,436 | 13,485 | 35,287 | 38,141 | |||||||||||||||||||||
Asia Region Sales & Service Operations(1) | 52,558 | 46,782 | 149,267 | 182,663 | |||||||||||||||||||||
Corporate, Eliminations and Other | (45,161 | ) | (38,171 | ) | (124,257 | ) | (140,788 | ) | |||||||||||||||||
$ | 166,453 | $ | 141,447 | $465,026 | $509,712 | ||||||||||||||||||||
-1 | The Europe and Asia foreign sales and service operations do not represent total geographical Europe and Asia financial information. These sales and service operations mainly represent the sales from the resale and service of Advanced Manufacturing Capital Equipment and Analytical Solutions Group products in their respective regions. The Advanced Manufacturing Capital Equipment and Analytical Solutions Group segments both have sales in each region. Accordingly, total geographical sales include sales from multiple reportable segments. | ||||||||||||||||||||||||
Schedule of Gross Profit (Loss) by Reportable Segment | ' | ||||||||||||||||||||||||
The following is gross profit by reportable segment: | |||||||||||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||||||||||
September 30, | September 30, | ||||||||||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||||||||||
Advanced Manufacturing Capital Equipment | $ | 43,151 | $ | 34,829 | $ | 121,647 | $ | 141,521 | |||||||||||||||||
Analytical Solutions Group | 6,758 | 8,100 | 21,239 | 24,485 | |||||||||||||||||||||
Europe Region Sales & Service Operations(1) | 3,427 | 3,547 | 10,005 | 11,292 | |||||||||||||||||||||
Asia Region Sales & Service Operations(1) | 11,580 | 9,030 | 31,366 | 28,143 | |||||||||||||||||||||
Corporate, Eliminations and Other | (2,682 | ) | 1,065 | (5,363 | ) | 11,437 | |||||||||||||||||||
$ | 62,234 | $ | 56,571 | $ | 178,894 | $ | 216,878 | ||||||||||||||||||
-1 | The Europe and Asia foreign sales and service operations do not represent total geographical Europe and Asia financial information. These sales and service operations mainly represent the sales from the resale and service of Advanced Manufacturing Capital Equipment and Analytical Solutions Group products in their respective regions. The Advanced Manufacturing Capital Equipment and Analytical Solutions Group segments both have sales in each region. Accordingly, total geographical sales include sales from multiple reportable segments. | ||||||||||||||||||||||||
Schedule of Capital Expenditures, Depreciation and Amortization Expense and Segment Assets by Reportable Segment | ' | ||||||||||||||||||||||||
The following is capital expenditures by reportable segment for the three and nine months ended September 30, 2013 and 2012: | |||||||||||||||||||||||||
Product Groups | Foreign Sales & Service Operations | ||||||||||||||||||||||||
Advanced | Analytical | Europe | Asia | Corporate, | Total | ||||||||||||||||||||
Manufacturing | Solutions Group | Eliminations | |||||||||||||||||||||||
Capital Equipment | and Other | ||||||||||||||||||||||||
Three Months Ended September 30, 2013: | |||||||||||||||||||||||||
Capital expenditures | $ | 1,893 | $ | 125 | $ | 24 | $ | 239 | $ | 513 | $ | 2,794 | |||||||||||||
Nine Months Ended September 30, 2013: | |||||||||||||||||||||||||
Capital expenditures | $ | 6,599 | $ | 265 | $ | 137 | $ | 435 | $ | 1,718 | $ | 9,154 | |||||||||||||
Product Groups | Foreign Sales & Service Operations | ||||||||||||||||||||||||
Advanced | Analytical | Europe | Asia | Corporate, | Total | ||||||||||||||||||||
Manufacturing | Solutions Group | Eliminations | |||||||||||||||||||||||
Capital Equipment | and Other | ||||||||||||||||||||||||
Three Months Ended September 30, 2012: | |||||||||||||||||||||||||
Capital expenditures | $ | 2,102 | $ | 283 | $ | 35 | $ | 237 | $ | 371 | $ | 3,028 | |||||||||||||
Nine Months Ended September 30, 2012: | |||||||||||||||||||||||||
Capital expenditures | $ | 6,741 | $ | 698 | $ | 109 | $ | 654 | $ | 2,838 | $ | 11,040 | |||||||||||||
The following is depreciation and amortization by reportable segment for the three and nine months ended September 30, 2013 and 2012: | |||||||||||||||||||||||||
Product Groups | Foreign Sales & Service Operations | ||||||||||||||||||||||||
Advanced | Analytical | Europe | Asia | Corporate, | Total | ||||||||||||||||||||
Manufacturing | Solutions Group | Eliminations | |||||||||||||||||||||||
Capital Equipment | and Other | ||||||||||||||||||||||||
Three Months Ended September 30, 2013: | |||||||||||||||||||||||||
Depreciation and amortization | $ | 2,861 | $ | 319 | $ | 86 | $ | 294 | $ | 685 | $ | 4,245 | |||||||||||||
Nine Months Ended September 30, 2013: | |||||||||||||||||||||||||
Depreciation and amortization | $ | 8,819 | $ | 923 | $ | 260 | $ | 876 | $ | 1,837 | $ | 12,715 | |||||||||||||
Product Groups | Foreign Sales & Service Operations | ||||||||||||||||||||||||
Advanced | Analytical | Europe | Asia | Corporate, | Total | ||||||||||||||||||||
Manufacturing | Solutions Group | Eliminations | |||||||||||||||||||||||
Capital Equipment | and Other | ||||||||||||||||||||||||
Three Months Ended September 30, 2012: | |||||||||||||||||||||||||
Depreciation and amortization | $ | 2,409 | $ | 248 | $ | 102 | $ | 537 | $ | 344 | $ | 3,640 | |||||||||||||
Nine Months Ended September 30, 2012: | |||||||||||||||||||||||||
Depreciation and amortization | $ | 6,797 | $ | 715 | $ | 305 | $ | 1,330 | $ | 1,050 | $ | 10,197 | |||||||||||||
The following is segment assets by reportable segment: | |||||||||||||||||||||||||
Product Groups | Foreign Sales & Service Operations | ||||||||||||||||||||||||
Advanced | Analytical | Europe | Asia | Corporate, | Total | ||||||||||||||||||||
Manufacturing | Solutions Group | Eliminations | |||||||||||||||||||||||
Capital Equipment | and Other | ||||||||||||||||||||||||
September 30, 2013: | |||||||||||||||||||||||||
Segment assets: | |||||||||||||||||||||||||
Accounts receivable(1) | $ | 14,645 | $ | 4,263 | $ | 6,611 | $ | 36,380 | $ | 36,234 | $ | 98,133 | |||||||||||||
Inventory | 107,935 | 4,354 | 3,950 | 28,532 | (8,711 | ) | 136,060 | ||||||||||||||||||
Total segment assets | $ | 122,580 | $ | 8,617 | $ | 10,561 | $ | 64,912 | $ | 27,523 | $ | 234,193 | |||||||||||||
Product Groups | Foreign Sales & Service Operations | ||||||||||||||||||||||||
Advanced | Analytical | Europe | Asia | Corporate, | Total | ||||||||||||||||||||
Manufacturing | Solutions Group | Eliminations | |||||||||||||||||||||||
Capital Equipment | and Other | ||||||||||||||||||||||||
December 31, 2012: | |||||||||||||||||||||||||
Segment assets: | |||||||||||||||||||||||||
Accounts receivable(1) | $ | 9,644 | $ | 5,889 | $ | 5,813 | $ | 32,088 | $ | 28,626 | $ | 82,060 | |||||||||||||
Inventory | 108,397 | 3,841 | 3,691 | 29,534 | (10,824 | ) | 134,639 | ||||||||||||||||||
Total segment assets | $ | 118,041 | $ | 9,730 | $ | 9,504 | $ | 61,622 | $ | 17,802 | $ | 216,699 | |||||||||||||
-1 | A significant portion of segment receivables are processed at the Company’s shared services center at the Corporate location. | ||||||||||||||||||||||||
Reconciliation of Segment Assets to Consolidated Total Assets | ' | ||||||||||||||||||||||||
A reconciliation of segment assets to consolidated total assets is as follows: | |||||||||||||||||||||||||
September 30, 2013 | December 31, 2012 | ||||||||||||||||||||||||
Total segment assets | $ | 234,193 | $ | 216,699 | |||||||||||||||||||||
Cash and cash equivalents and investments | 625,837 | 627,399 | |||||||||||||||||||||||
Other current assets | 38,710 | 36,242 | |||||||||||||||||||||||
Property, plant and equipment, net | 78,020 | 80,516 | |||||||||||||||||||||||
Goodwill and intangible assets, net | 164,016 | 162,294 | |||||||||||||||||||||||
Other assets | 31,198 | 29,412 | |||||||||||||||||||||||
Consolidated total assets | $ | 1,171,974 | $ | 1,152,562 | |||||||||||||||||||||
Worldwide Net Revenue for Each Group of Products | ' | ||||||||||||||||||||||||
Worldwide net revenue for each group of products is as follows: | |||||||||||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||||||||||
September 30, | September 30, | ||||||||||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||||||||||
Instruments and Control Products | $ | 60,615 | $ | 57,761 | $ | 184,729 | $ | 205,654 | |||||||||||||||||
Power and Reactive Gas Products | 72,471 | 52,031 | 182,294 | 199,864 | |||||||||||||||||||||
Vacuum Products | 18,098 | 15,435 | 53,588 | 53,158 | |||||||||||||||||||||
Analytical Solutions Group Products | 15,269 | 16,220 | 44,415 | 51,036 | |||||||||||||||||||||
$ | 166,453 | $ | 141,447 | $ | 465,026 | $ | 509,712 | ||||||||||||||||||
Company Long-Lived Assets in Different Geographic Regions | ' | ||||||||||||||||||||||||
Transfers between geographic areas are at negotiated transfer prices and have been eliminated from consolidated net revenues. | |||||||||||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||||||||||
September 30, | September 30, | ||||||||||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||||||||||
Net revenues: | |||||||||||||||||||||||||
United States | $ | 91,286 | $ | 73,775 | $ | 252,704 | $ | 259,954 | |||||||||||||||||
Korea | 16,491 | 12,574 | 46,597 | 54,472 | |||||||||||||||||||||
Japan | 13,825 | 14,270 | 40,243 | 67,122 | |||||||||||||||||||||
Europe | 20,433 | 21,341 | 57,958 | 65,800 | |||||||||||||||||||||
Asia (excluding Korea and Japan) | 24,418 | 19,487 | 67,524 | 62,364 | |||||||||||||||||||||
$ | 166,453 | $ | 141,447 | $ | 465,026 | $ | 509,712 | ||||||||||||||||||
September 30, 2013 | December 31, 2012 | ||||||||||||||||||||||||
Long-lived assets:(1) | |||||||||||||||||||||||||
United States | $ | 61,404 | $ | 62,203 | |||||||||||||||||||||
Europe | 5,175 | 5,844 | |||||||||||||||||||||||
Asia | 13,398 | 14,664 | |||||||||||||||||||||||
$ | 79,977 | $ | 82,711 | ||||||||||||||||||||||
-1 | Long-lived assets include property, plant and equipment, net and certain other long-term assets, excluding long-term income tax receivable. | ||||||||||||||||||||||||
Customers With Net Revenues Greater Than 10% of Total Net Revenues | ' | ||||||||||||||||||||||||
The Company had two customers with net revenues greater than 10% of total net revenues in the periods shown as follows: | |||||||||||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||||||||||
September 30, | September 30, | ||||||||||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||||||||||
Customer A | 16.4 | % | 13.9 | % | 16.7 | % | 14.8 | % | |||||||||||||||||
Customer B | 13.5 | % | 8.5 | % | 11.8 | % | 10.3 | % |
Basis_of_Presentation_Revision
Basis of Presentation - Revisions in the Balance Sheet Line Items (Detail) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
In Thousands, unless otherwise specified | |||
Other assets | $31,198 | $29,412 | $27,547 |
Other liabilities | 70,391 | 61,095 | 47,492 |
As Previously Reported [Member] | ' | ' | ' |
Other assets | ' | 11,692 | 12,266 |
Other liabilities | ' | 43,375 | 32,211 |
Adjustment [Member] | ' | ' | ' |
Other assets | ' | 17,720 | 15,281 |
Other liabilities | ' | $17,720 | $15,281 |
Basis_of_Presentation_Revision1
Basis of Presentation - Revision of Other Assets and Other Liabilities (Detail) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
In Thousands, unless otherwise specified | |||
Deferred tax assets, net | $9,828 | $9,497 | $10,274 |
Long-term income tax receivable | 19,411 | 17,720 | 15,281 |
Other | 1,959 | 2,195 | 1,992 |
Total other assets | 31,198 | 29,412 | 27,547 |
Long-term income tax payable | 44,309 | 38,600 | 31,365 |
Accrued compensation | 21,078 | 18,750 | 15,174 |
Other | 5,004 | 3,745 | 953 |
Total other liabilities | 70,391 | 61,095 | 47,492 |
As Previously Reported [Member] | ' | ' | ' |
Deferred tax assets, net | ' | 9,497 | 10,274 |
Other | ' | 2,195 | 1,992 |
Total other assets | ' | 11,692 | 12,266 |
Long-term income tax payable | ' | 20,880 | 16,084 |
Accrued compensation | ' | 18,750 | 15,174 |
Other | ' | 3,745 | 953 |
Total other liabilities | ' | 43,375 | 32,211 |
Adjustment [Member] | ' | ' | ' |
Long-term income tax receivable | ' | 17,720 | 15,281 |
Total other assets | ' | 17,720 | 15,281 |
Long-term income tax payable | ' | 17,720 | 15,281 |
Total other liabilities | ' | $17,720 | $15,281 |
Basis_of_Presentation_Revision2
Basis of Presentation - Revision of Income Taxes (Detail) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 |
Current taxes: | ' | ' | ' |
United States | $14,745 | $40,856 | $36,596 |
State | 783 | 2,602 | 3,323 |
Foreign | 7,760 | 5,314 | 13,489 |
Current taxes, Total | 23,288 | 48,772 | 53,408 |
As Previously Reported [Member] | ' | ' | ' |
Current taxes: | ' | ' | ' |
United States | 10,431 | 25,824 | 27,789 |
State | 783 | 2,602 | 3,323 |
Foreign | 12,074 | 20,346 | 22,296 |
Current taxes, Total | 23,288 | 48,772 | 53,408 |
Adjustment [Member] | ' | ' | ' |
Current taxes: | ' | ' | ' |
United States | 4,314 | 15,032 | 8,807 |
Foreign | ($4,314) | ($15,032) | ($8,807) |
Basis_of_Presentation_Reconcil
Basis of Presentation - Reconciliation of Segment Assets to Consolidated Total Assets (Detail) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
In Thousands, unless otherwise specified | |||
Segment Reporting Information [Line Items] | ' | ' | ' |
Total segment assets | $234,193 | $216,699 | $274,526 |
Cash and cash equivalents and investments | 625,837 | 627,399 | 573,392 |
Other current assets | 38,710 | 36,242 | 44,856 |
Property, plant and equipment, net | 78,020 | 80,516 | 72,487 |
Goodwill and intangible assets, net | 164,016 | 162,294 | 141,127 |
Other assets | 31,198 | 29,412 | 27,547 |
Total assets | 1,171,974 | 1,152,562 | 1,133,935 |
As Previously Reported [Member] | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' |
Total segment assets | ' | 216,699 | 274,526 |
Cash and cash equivalents and investments | ' | 627,399 | 573,392 |
Other current assets | ' | 36,242 | 44,856 |
Property, plant and equipment, net | ' | 80,516 | 72,487 |
Goodwill and intangible assets, net | ' | 162,294 | 141,127 |
Other assets | ' | 11,692 | 12,266 |
Total assets | ' | 1,134,842 | 1,118,654 |
Adjustment [Member] | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' |
Other assets | ' | 17,720 | 15,281 |
Total assets | ' | $17,720 | $15,281 |
Investments_Schedule_of_Fair_V
Investments - Schedule of Fair Value of Available for Sale of Investments (Detail) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Schedule Of Available For Sale And Trading Securities [Line Items] | ' | ' |
Fair value of short-term available-for-sale investments | $364,917 | $326,862 |
Fair value of short-term investments | 365,876 | 327,653 |
Fair value of long-term available-for-sale investments | 5,183 | 12,158 |
Bankers' Acceptance Drafts [Member] | ' | ' |
Schedule Of Available For Sale And Trading Securities [Line Items] | ' | ' |
Fair value of short-term available-for-sale investments | 330 | 242 |
Time Deposits [Member] | ' | ' |
Schedule Of Available For Sale And Trading Securities [Line Items] | ' | ' |
Fair value of short-term available-for-sale investments | 77,577 | 52 |
Fair value of long-term available-for-sale investments | 56 | ' |
Commercial Paper and Corporate Obligations [Member] | ' | ' |
Schedule Of Available For Sale And Trading Securities [Line Items] | ' | ' |
Fair value of short-term available-for-sale investments | 81,308 | ' |
U.S. Treasury Obligations [Member] | ' | ' |
Schedule Of Available For Sale And Trading Securities [Line Items] | ' | ' |
Fair value of short-term available-for-sale investments | ' | 13,054 |
U.S. Agency Obligations [Member] | ' | ' |
Schedule Of Available For Sale And Trading Securities [Line Items] | ' | ' |
Fair value of short-term available-for-sale investments | 205,702 | 313,514 |
Fair value of long-term available-for-sale investments | 5,127 | 12,158 |
Mutual Funds [Member] | ' | ' |
Schedule Of Available For Sale And Trading Securities [Line Items] | ' | ' |
Fair value of short-term investments, mutual funds | $959 | $791 |
Investments_Gross_Unrealized_G
Investments - Gross Unrealized Gains and (Losses) Aggregated by Investment Category Short-Term and Long-Term Securities (Detail) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Short-term investments, Estimated Fair Value | $364,917 | $326,862 |
Long-term investments, Estimated Fair Value | 5,183 | 12,158 |
Short Term [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Investments, Cost | 364,844 | 326,601 |
Investments, Gross Unrealized Gains | 78 | 267 |
Investments, Gross Unrealized (Losses) | -5 | -6 |
Long Term [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Investments, Cost | 5,178 | ' |
Investments, Gross Unrealized Gains | 5 | ' |
Investments, Gross Unrealized (Losses) | ' | ' |
Bankers' Acceptance Drafts [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Short-term investments, Estimated Fair Value | 330 | 242 |
Bankers' Acceptance Drafts [Member] | Short Term [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Investments, Cost | 330 | 242 |
Investments, Gross Unrealized Gains | ' | ' |
Investments, Gross Unrealized (Losses) | ' | ' |
Time Deposits [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Short-term investments, Estimated Fair Value | 77,577 | 52 |
Long-term investments, Estimated Fair Value | 56 | ' |
Time Deposits [Member] | Short Term [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Investments, Cost | 77,575 | 52 |
Investments, Gross Unrealized Gains | 5 | ' |
Investments, Gross Unrealized (Losses) | -3 | ' |
Time Deposits [Member] | Long Term [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Investments, Cost | 56 | ' |
Investments, Gross Unrealized Gains | ' | ' |
Investments, Gross Unrealized (Losses) | ' | ' |
Commercial Paper and Corporate Obligations [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Short-term investments, Estimated Fair Value | 81,308 | ' |
Commercial Paper and Corporate Obligations [Member] | Short Term [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Investments, Cost | 81,300 | ' |
Investments, Gross Unrealized Gains | 10 | ' |
Investments, Gross Unrealized (Losses) | -2 | ' |
U.S. Agency Obligations [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Short-term investments, Estimated Fair Value | 205,702 | 313,514 |
Long-term investments, Estimated Fair Value | 5,127 | 12,158 |
U.S. Agency Obligations [Member] | Short Term [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Investments, Cost | 205,639 | 313,262 |
Investments, Gross Unrealized Gains | 63 | 258 |
Investments, Gross Unrealized (Losses) | ' | -6 |
U.S. Agency Obligations [Member] | Long Term [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Investments, Cost | 5,122 | 12,156 |
Investments, Gross Unrealized Gains | 5 | 2 |
Investments, Gross Unrealized (Losses) | ' | ' |
U.S. Treasury Obligations [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Short-term investments, Estimated Fair Value | ' | 13,054 |
U.S. Treasury Obligations [Member] | Short Term [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Investments, Cost | ' | 13,045 |
Investments, Gross Unrealized Gains | ' | 9 |
Investments, Gross Unrealized (Losses) | ' | ' |
Fair_Value_Measurements_Schedu
Fair Value Measurements - Schedule of Fair Value of Assets and Liabilities Measured on Recurring Basis (Detail) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Assets Derivatives - currency forward contracts | $746 | $961 |
Liabilities Derivatives - currency forward contracts | 749 | 1,310 |
Long-term investments | 5,183 | 12,158 |
Fair Value Measurements, Recurring [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Cash and cash equivalents | 57,982 | 51,307 |
Assets Derivatives - currency forward contracts | 746 | 961 |
Total assets | 429,787 | 392,027 |
Liabilities Derivatives - currency forward contracts | 749 | 1,310 |
Short-term investments | 365,876 | 327,601 |
Total current assets | 424,604 | 379,869 |
Long-term investments | 5,183 | 12,158 |
Other current liabilities | 749 | 1,310 |
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Fair Value Measurements, Recurring [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Cash and cash equivalents | 57,982 | 51,291 |
Assets Derivatives - currency forward contracts | ' | ' |
Total assets | 254,216 | 347,747 |
Liabilities Derivatives - currency forward contracts | ' | ' |
Short-term investments | 191,107 | 284,298 |
Total current assets | 249,089 | 335,589 |
Long-term investments | 5,127 | 12,158 |
Other current liabilities | ' | ' |
Significant Other Observable Inputs (Level 2) [Member] | Fair Value Measurements, Recurring [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Cash and cash equivalents | ' | 16 |
Assets Derivatives - currency forward contracts | 746 | 961 |
Total assets | 175,571 | 44,280 |
Liabilities Derivatives - currency forward contracts | 749 | 1,310 |
Short-term investments | 174,769 | 43,303 |
Total current assets | 175,515 | 44,280 |
Long-term investments | 56 | ' |
Other current liabilities | 749 | 1,310 |
Significant Unobservable Inputs (Level 3) [Member] | Fair Value Measurements, Recurring [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Cash and cash equivalents | ' | ' |
Assets Derivatives - currency forward contracts | ' | ' |
Total assets | ' | ' |
Liabilities Derivatives - currency forward contracts | ' | ' |
Short-term investments | ' | ' |
Total current assets | ' | ' |
Long-term investments | ' | ' |
Other current liabilities | ' | ' |
Money Market Funds [Member] | Fair Value Measurements, Recurring [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Cash and cash equivalents | 57,982 | 51,291 |
Money Market Funds [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Fair Value Measurements, Recurring [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Cash and cash equivalents | 57,982 | 51,291 |
Money Market Funds [Member] | Significant Other Observable Inputs (Level 2) [Member] | Fair Value Measurements, Recurring [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Cash and cash equivalents | ' | ' |
Money Market Funds [Member] | Significant Unobservable Inputs (Level 3) [Member] | Fair Value Measurements, Recurring [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Cash and cash equivalents | ' | ' |
Bankers' Acceptance Drafts [Member] | Fair Value Measurements, Recurring [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Cash and cash equivalents | ' | 16 |
Available-for-sale securities | 330 | 242 |
Bankers' Acceptance Drafts [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Fair Value Measurements, Recurring [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Cash and cash equivalents | ' | ' |
Available-for-sale securities | ' | ' |
Bankers' Acceptance Drafts [Member] | Significant Other Observable Inputs (Level 2) [Member] | Fair Value Measurements, Recurring [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Cash and cash equivalents | ' | 16 |
Available-for-sale securities | 330 | 242 |
Bankers' Acceptance Drafts [Member] | Significant Unobservable Inputs (Level 3) [Member] | Fair Value Measurements, Recurring [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Cash and cash equivalents | ' | ' |
Available-for-sale securities | ' | ' |
Mutual Funds [Member] | Fair Value Measurements, Recurring [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Mutual funds | 959 | 791 |
Mutual Funds [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Fair Value Measurements, Recurring [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Mutual funds | 959 | 791 |
Mutual Funds [Member] | Significant Other Observable Inputs (Level 2) [Member] | Fair Value Measurements, Recurring [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Mutual funds | ' | ' |
Mutual Funds [Member] | Significant Unobservable Inputs (Level 3) [Member] | Fair Value Measurements, Recurring [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Mutual funds | ' | ' |
U.S. Treasury Obligations [Member] | Fair Value Measurements, Recurring [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Available-for-sale securities | ' | 13,054 |
U.S. Treasury Obligations [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Fair Value Measurements, Recurring [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Available-for-sale securities | ' | ' |
U.S. Treasury Obligations [Member] | Significant Other Observable Inputs (Level 2) [Member] | Fair Value Measurements, Recurring [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Available-for-sale securities | ' | 13,054 |
U.S. Treasury Obligations [Member] | Significant Unobservable Inputs (Level 3) [Member] | Fair Value Measurements, Recurring [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Available-for-sale securities | ' | ' |
U.S. Agency Obligations [Member] | Fair Value Measurements, Recurring [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Available-for-sale securities | 210,829 | 325,672 |
U.S. Agency Obligations [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Fair Value Measurements, Recurring [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Available-for-sale securities | 195,275 | 295,665 |
U.S. Agency Obligations [Member] | Significant Other Observable Inputs (Level 2) [Member] | Fair Value Measurements, Recurring [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Available-for-sale securities | 15,554 | 30,007 |
U.S. Agency Obligations [Member] | Significant Unobservable Inputs (Level 3) [Member] | Fair Value Measurements, Recurring [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Available-for-sale securities | ' | ' |
Other Current Assets [Member] | Fair Value Measurements, Recurring [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Assets Derivatives - currency forward contracts | 746 | 961 |
Other Current Assets [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Fair Value Measurements, Recurring [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Assets Derivatives - currency forward contracts | ' | ' |
Other Current Assets [Member] | Significant Other Observable Inputs (Level 2) [Member] | Fair Value Measurements, Recurring [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Assets Derivatives - currency forward contracts | 746 | 961 |
Other Current Assets [Member] | Significant Unobservable Inputs (Level 3) [Member] | Fair Value Measurements, Recurring [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Assets Derivatives - currency forward contracts | ' | ' |
Time Deposits [Member] | Fair Value Measurements, Recurring [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Available-for-sale securities | 77,633 | ' |
Time Deposits [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Fair Value Measurements, Recurring [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Available-for-sale securities | ' | ' |
Time Deposits [Member] | Significant Other Observable Inputs (Level 2) [Member] | Fair Value Measurements, Recurring [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Available-for-sale securities | 77,633 | ' |
Time Deposits [Member] | Significant Unobservable Inputs (Level 3) [Member] | Fair Value Measurements, Recurring [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Available-for-sale securities | ' | ' |
Commercial Paper and Corporate Obligations [Member] | Fair Value Measurements, Recurring [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Available-for-sale securities | 81,308 | ' |
Commercial Paper and Corporate Obligations [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Fair Value Measurements, Recurring [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Available-for-sale securities | ' | ' |
Commercial Paper and Corporate Obligations [Member] | Significant Other Observable Inputs (Level 2) [Member] | Fair Value Measurements, Recurring [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Available-for-sale securities | 81,308 | ' |
Commercial Paper and Corporate Obligations [Member] | Significant Unobservable Inputs (Level 3) [Member] | Fair Value Measurements, Recurring [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Available-for-sale securities | ' | ' |
Fair_Value_Measurements_Schedu1
Fair Value Measurements - Schedule of Fair Value of Assets and Liabilities Measured on Recurring Basis (Parenthetical) (Detail) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Short-term investments | $364,917 | $326,862 |
Time Deposits [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Not included in cash and cash equivalent amount | 4,400 | 51,138 |
Short-term investments | ' | 52 |
Cash [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Not included in cash and cash equivalent amount | $192,396 | $185,143 |
Derivatives_Additional_Informa
Derivatives - Additional Information (Detail) (USD $) | 9 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Dec. 31, 2012 |
Derivative Instruments and Hedging Activities Disclosures [Line Items] | ' | ' |
Maximum period for hedging a portion of forecasted foreign currency denominated intercompany sales of inventory | '18 months | ' |
Gross notional values of outstanding forward foreign exchange contracts | $36,529 | $41,448 |
Fair value asset / (liability) | -3 | ' |
Cash Flow Hedging [Member] | ' | ' |
Derivative Instruments and Hedging Activities Disclosures [Line Items] | ' | ' |
Gross notional values of outstanding forward foreign exchange contracts | $36,529 | $41,448 |
Derivatives_Summary_of_Primary
Derivatives - Summary of Primary Net Hedging Positions and Corresponding Fair Values (Detail) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Derivative [Line Items] | ' | ' |
Currency Hedged (Buy/Sell), Gross Notional Value, Net | $36,529 | $41,448 |
Currency Hedged (Buy/Sell), Fair Value, Asset/(Liability), Net | -3 | -349 |
U.S. Dollar/Japanese Yen [Member] | ' | ' |
Derivative [Line Items] | ' | ' |
Currency Hedged (Buy/Sell), Gross Notional Value, Net | 11,763 | 13,992 |
Currency Hedged (Buy/Sell), Fair Value, Asset/(Liability), Net | 746 | 961 |
U.S. Dollar/South Korean Won [Member] | ' | ' |
Derivative [Line Items] | ' | ' |
Currency Hedged (Buy/Sell), Gross Notional Value, Net | 18,081 | 19,374 |
Currency Hedged (Buy/Sell), Fair Value, Asset/(Liability), Net | -636 | -1,180 |
U.S. Dollar/Euro [Member] | ' | ' |
Derivative [Line Items] | ' | ' |
Currency Hedged (Buy/Sell), Gross Notional Value, Net | 4,241 | 4,217 |
Currency Hedged (Buy/Sell), Fair Value, Asset/(Liability), Net | -76 | -57 |
U.S. Dollar/U.K. Pound Sterling [Member] | ' | ' |
Derivative [Line Items] | ' | ' |
Currency Hedged (Buy/Sell), Gross Notional Value, Net | 2,444 | 3,865 |
Currency Hedged (Buy/Sell), Fair Value, Asset/(Liability), Net | ($37) | ($73) |
Derivatives_Summary_of_Fair_Va
Derivatives - Summary of Fair Value Amounts of Company's Derivative Instruments (Detail) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Derivatives, Fair Value [Line Items] | ' | ' |
Forward exchange contracts, Assets | $746 | $961 |
Forward exchange contracts, Liabilities | -749 | -1,310 |
Total net derivative (liability) designated as hedging instruments | -3 | -349 |
Derivatives Designated as Hedging Instruments [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Forward exchange contracts, Assets | 746 | 961 |
Forward exchange contracts, Liabilities | -749 | -1,310 |
Total net derivative (liability) designated as hedging instruments | ($3) | ($349) |
Derivatives_Summary_of_Fair_Va1
Derivatives - Summary of Fair Value Amounts of Company's Derivative Instruments (Parenthetical) (Detail) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Derivative Instruments And Hedging Activities Disclosure [Abstract] | ' | ' |
Derivative assets classified in other current assets | $746 | $961 |
Derivative liabilities classified in other current liabilities | $749 | $1,310 |
Derivatives_Summary_of_Gains_L
Derivatives - Summary of Gains (Losses) on Derivatives Designated as Hedging Instruments (Detail) (Forward Exchange Contracts [Member], Cash Flow Hedging [Member], USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Forward Exchange Contracts [Member] | Cash Flow Hedging [Member] | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' |
Net (loss) recognized in OCI | ($1,837) | ($581) | ($315) | ($312) |
Net gain (loss) reclassified from OCI into income | 297 | -739 | 1,102 | -1,178 |
Net (loss) recognized in expense | ' | ($66) | ' | ($66) |
Derivatives_Summary_of_Gains_o
Derivatives - Summary of Gains on Derivatives Not Designated as Hedging Instruments (Detail) (Derivative not Designated as Hedging Instruments [Member], USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Derivative not Designated as Hedging Instruments [Member] | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' |
Net (loss) gain recognized in income | ($514) | ($552) | $141 | ($552) |
Inventories_Summary_of_Invento
Inventories - Summary of Inventories (Detail) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Inventory Disclosure [Abstract] | ' | ' |
Raw materials | $72,240 | $76,610 |
Work-in-process | 22,145 | 19,708 |
Finished goods | 41,675 | 38,321 |
Inventories | $136,060 | $134,639 |
Acquisition_Additional_Informa
Acquisition - Additional Information (Detail) (USD $) | 9 Months Ended | 1 Months Ended | 9 Months Ended | |||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Jun. 30, 2013 | Mar. 31, 2013 | Mar. 12, 2013 | Sep. 30, 2013 |
Alter Power Systems [Member] | Alter Power Systems [Member] | Alter Power Systems [Member] | Alter Power Systems [Member] | |||
Business Acquisition [Line Items] | ' | ' | ' | ' | ' | ' |
Acquisition purchase price, net of cash acquired | ' | ' | ' | ' | $2,426 | ' |
Acquisition date | ' | ' | ' | ' | ' | 12-Mar-13 |
Total cash paid, net of cash acquired | 2,326 | 24,385 | 2,058 | 2,426 | 2,426 | ' |
Cash acquired from acquisition | ' | ' | ' | ' | ' | 21 |
Remaining cash to be paid | ' | ' | ' | ' | ' | 368 |
Holdback provisions paid | ' | ' | ' | ' | ' | $123 |
Acquisition_Summary_of_Estimat
Acquisition - Summary of Estimated Fair Value of Assets Acquired and Liabilities Assumed (Detail) (USD $) | 9 Months Ended | 1 Months Ended | |||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Jun. 30, 2013 | Mar. 31, 2013 | Mar. 12, 2013 |
Alter Power Systems [Member] | Alter Power Systems [Member] | Alter Power Systems [Member] | |||
Business Acquisition [Line Items] | ' | ' | ' | ' | ' |
Current assets | ' | ' | ' | ' | $1,053 |
Property and equipment | ' | ' | ' | ' | 211 |
Intangible assets | ' | ' | ' | ' | 2,806 |
Other assets | ' | ' | ' | ' | 67 |
Total assets acquired | ' | ' | ' | ' | 4,137 |
Debt (Note 11) | ' | ' | ' | ' | 770 |
Deferred taxes and other liabilities | ' | ' | ' | ' | 920 |
Total liabilities assumed | ' | ' | ' | ' | 1,690 |
Total purchase price | ' | ' | ' | ' | 2,447 |
Cash acquired | ' | ' | ' | ' | -21 |
Total purchase price, net of cash acquired | $2,326 | $24,385 | $2,058 | $2,426 | $2,426 |
Acquisition_Allocation_of_Acqu
Acquisition - Allocation of Acquired Intangible Assets and Related Estimates of Useful Lives (Detail) (USD $) | 1 Months Ended | |
In Thousands, unless otherwise specified | Aug. 31, 2013 | Mar. 31, 2013 |
Acquired Finite-Lived Intangible Assets [Line Items] | ' | ' |
Acquired intangible assets | $268 | $2,806 |
Current Developed Technology [Member] | ' | ' |
Acquired Finite-Lived Intangible Assets [Line Items] | ' | ' |
Acquired intangible assets | ' | 2,208 |
Estimated useful life of finite lived intangible assets | ' | '9 years |
Trademarks and Trade Names [Member] | ' | ' |
Acquired Finite-Lived Intangible Assets [Line Items] | ' | ' |
Acquired intangible assets | ' | $598 |
Estimated useful life of finite lived intangible assets | ' | '3 years |
Goodwill_and_Intangible_Assets2
Goodwill and Intangible Assets - Additional Information (Detail) (USD $) | 1 Months Ended | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Oct. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Goodwill And Intangible Assets Disclosure [Abstract] | ' | ' | ' | ' | ' |
Impairment of goodwill | $0 | ' | ' | ' | ' |
Aggregate amortization expense related to acquired intangibles | ' | $361 | $215 | $1,537 | $453 |
Goodwill_and_Intangible_Assets3
Goodwill and Intangible Assets - Goodwill (Detail) (USD $) | 9 Months Ended | 12 Months Ended |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Dec. 31, 2012 |
Goodwill And Intangible Assets Disclosure [Abstract] | ' | ' |
Goodwill gross carrying amount, Beginning balance | $290,147 | $279,498 |
Acquired goodwill, gross | ' | 9,989 |
Foreign currency translation | -33 | 660 |
Goodwill gross carrying amount, Ending balance | 290,114 | 290,147 |
Accumulated Impairment Loss, Beginning balance | -139,414 | -139,414 |
Acquired goodwill, impairment loss | ' | ' |
Foreign currency translation, impairment loss | ' | ' |
Accumulated Impairment Loss, Ending balance | -139,414 | -139,414 |
Goodwill, net, Beginning balance | 150,733 | 140,084 |
Acquired goodwill, net | ' | 9,989 |
Foreign currency translation, net | -33 | 660 |
Goodwill, net, Ending balance | $150,700 | $150,733 |
Goodwill_and_Intangible_Assets4
Goodwill and Intangible Assets - Goodwill (Parenthetical) (Detail) (USD $) | 9 Months Ended | 1 Months Ended | |||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | Dec. 31, 2011 | Aug. 31, 2012 |
Plasmart, Inc. [Member] | |||||
Goodwill [Line Items] | ' | ' | ' | ' | ' |
Acquisition purchase price, net of cash acquired | $2,326 | $24,385 | ' | ' | $22,607 |
Goodwill in connection with acquisition | $150,700 | ' | $150,733 | $140,084 | $9,989 |
Goodwill_and_Intangible_Assets5
Goodwill and Intangible Assets - Intangible Assets (Detail) (USD $) | 9 Months Ended | 12 Months Ended |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Dec. 31, 2012 |
Finite-Lived Intangible Assets [Line Items] | ' | ' |
Intangible assets, Gross | $124,887 | $121,693 |
Accumulated Amortization | -112,253 | -110,716 |
Foreign Currency Translation | 682 | 584 |
Intangible assets, net | 13,316 | 11,561 |
Completed Technology [Member] | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' |
Intangible assets, Gross | 84,680 | 82,084 |
Accumulated Amortization | -77,823 | -77,243 |
Foreign Currency Translation | 369 | 254 |
Intangible assets, net | 7,226 | 5,095 |
Customer Relationships [Member] | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' |
Intangible assets, Gross | 14,571 | 14,571 |
Accumulated Amortization | -9,590 | -8,886 |
Foreign Currency Translation | 281 | 312 |
Intangible assets, net | 5,262 | 5,997 |
Patents, Trademarks, Trade Names and Other [Member] | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' |
Intangible assets, Gross | 25,636 | 25,038 |
Accumulated Amortization | -24,840 | -24,587 |
Foreign Currency Translation | 32 | 18 |
Intangible assets, net | $828 | $469 |
Goodwill_and_Intangible_Assets6
Goodwill and Intangible Assets - Intangible Assets (Parenthetical) (Detail) (USD $) | 1 Months Ended | 9 Months Ended | 1 Months Ended | |||||||
In Thousands, unless otherwise specified | Aug. 31, 2013 | Mar. 31, 2013 | Sep. 30, 2013 | Sep. 30, 2012 | Aug. 31, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Mar. 12, 2013 | Mar. 31, 2013 | Mar. 31, 2013 |
Completed Technology [Member] | Alter Power Systems [Member] | Alter Power Systems [Member] | Alter Power Systems [Member] | Alter Power Systems [Member] | Alter Power Systems [Member] | |||||
Completed Technology [Member] | Trade Names [Member] | |||||||||
Finite-Lived Intangible Assets [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Acquisition purchase price | ' | ' | $2,326 | $24,385 | ' | $2,058 | $2,426 | $2,426 | ' | ' |
Completed technology of net assets | 268 | 2,806 | ' | ' | 388 | ' | ' | ' | ' | ' |
Intangible asset in connection with acquisition | ' | ' | ' | ' | ' | ' | $2,806 | ' | $2,208 | $598 |
Goodwill_and_Intangible_Assets7
Goodwill and Intangible Assets - Estimated Amortization Expense (Detail) (USD $) | Sep. 30, 2013 |
In Thousands, unless otherwise specified | |
Goodwill And Intangible Assets Disclosure [Abstract] | ' |
2013 (remaining) | $466 |
2014 | 1,768 |
2015 | 1,752 |
2016 | 1,570 |
2017 | 1,541 |
2018 | 1,532 |
Thereafter | $4,687 |
Other_Assets_Schedule_of_Other
Other Assets - Schedule of Other Assets (Detail) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
In Thousands, unless otherwise specified | |||
Other Current Assets: | ' | ' | ' |
Income tax receivable | $10,684 | $12,768 | ' |
Other | 17,967 | 15,280 | ' |
Total other current assets | 28,651 | 28,048 | ' |
Other Assets: | ' | ' | ' |
Deferred tax assets, net | 9,828 | 9,497 | 10,274 |
Long-term income tax receivable | 19,411 | 17,720 | 15,281 |
Other | 1,959 | 2,195 | 1,992 |
Total other assets | $31,198 | $29,412 | $27,547 |
Other_Liabilities_Schedule_of_
Other Liabilities - Schedule of Other Liabilities (Detail) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
In Thousands, unless otherwise specified | |||
Other Current Liabilities: | ' | ' | ' |
Product warranties | $6,732 | $8,266 | ' |
Deferred revenue | 4,599 | 9,280 | ' |
Other | 24,568 | 19,859 | ' |
Total other current liabilities | 35,899 | 37,405 | ' |
Other Liabilities: | ' | ' | ' |
Long-term income tax payable | 44,309 | 38,600 | 31,365 |
Accrued compensation | 21,078 | 18,750 | 15,174 |
Other | 5,004 | 3,745 | 953 |
Total other liabilities | $70,391 | $61,095 | $47,492 |
Debt_Additional_Information_De
Debt - Additional Information (Detail) (USD $) | 9 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Dec. 31, 2012 |
Institution | ||
Japan Line of Credit [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Number of financial institutions for available lines of credit and borrowing arrangements | 2 | ' |
Aggregate borrowings expire and renewed | '3 month intervals | ' |
Total available line of credit | $23,284 | ' |
Total borrowings outstanding | 0 | 0 |
Plasmart Line of Credit [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Total borrowings outstanding | 0 | 0 |
Alter Line of Credit [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Total borrowings outstanding | $0 | $0 |
Product_Warranties_Product_War
Product Warranties - Product Warranty Activities (Detail) (USD $) | 9 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 |
Guarantees [Abstract] | ' | ' |
Beginning balance | $8,266 | $8,315 |
Provision for product warranties | 1,705 | 3,750 |
Direct charges to warranty liability | -3,142 | -3,733 |
Foreign currency translation | -97 | 505 |
Ending balance | $6,732 | $8,837 |
Income_Taxes_Additional_Inform
Income Taxes - Additional Information (Detail) (USD $) | 3 Months Ended | 9 Months Ended | |||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 |
Income Tax Disclosure [Abstract] | ' | ' | ' | ' | ' |
Effective tax rate | 80.40% | 61.30% | 44.80% | 35.70% | ' |
Tax holiday expired | ' | ' | 31-Dec-11 | ' | ' |
Gross unrecognized tax benefits excluding interest and penalties | $45,402 | ' | $45,402 | ' | $40,674 |
Net unrecognized tax benefit excluding interest and penalties that would impact effective tax rate | 23,570 | ' | 23,570 | ' | ' |
Accrued interest on unrecognized tax benefits | $2,147 | ' | $2,147 | ' | $1,571 |
Net_Income_Per_Share_Computati
Net Income Per Share - Computation of Basic and Diluted Net Income Per Share (Detail) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, except Share data, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Numerator: | ' | ' | ' | ' |
Net income | $2,458 | $2,580 | $15,539 | $43,920 |
Denominator: | ' | ' | ' | ' |
Shares used in net income per common share - basic | 53,165,000 | 52,854,000 | 52,998,000 | 52,679,000 |
Effect of dilutive securities: | ' | ' | ' | ' |
Stock options, restricted stock and employee stock purchase plan | 348,000 | 436,000 | 412,000 | 561,000 |
Shares used in net income per common share - diluted | 53,513,000 | 53,290,000 | 53,410,000 | 53,240,000 |
Net income per common share: | ' | ' | ' | ' |
Basic | $0.05 | $0.05 | $0.29 | $0.83 |
Diluted | $0.05 | $0.05 | $0.29 | $0.82 |
Net_Income_Per_Share_Additiona
Net Income Per Share - Additional Information (Detail) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | |
Earnings Per Share [Abstract] | ' | ' | ' | ' |
Stock options and restricted stock units outstanding | 1,059,000 | 1,250,000 | 1,059,000 | 1,250,000 |
Number of shares excluded from computation of diluted earnings per share | 104,000 | 105,000 | 101,000 | 227,000 |
Stockholders_Equity_Additional
Stockholder's Equity - Additional Information (Detail) (USD $) | 1 Months Ended | 3 Months Ended | 9 Months Ended | ||||||
In Thousands, except Share data, unless otherwise specified | Jul. 25, 2011 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Equity [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Common stock, value of shares authorized to repurchase | $200,000 | ' | ' | ' | ' | ' | ' | ' | ' |
Stock repurchase, shares | ' | ' | ' | ' | ' | ' | ' | 107,000 | ' |
Value of shares repurchased | ' | ' | ' | ' | ' | ' | ' | 2,875 | ' |
Average price of repurchased shares | ' | ' | ' | ' | ' | ' | ' | $26.87 | ' |
Cash dividend paid | ' | $0.16 | $0.16 | $0.16 | $0.16 | $0.15 | $0.15 | $0.48 | $0.46 |
Dividend payment to common shareholders | ' | ' | ' | ' | ' | ' | ' | $25,458 | $24,261 |
Dividend declared date | ' | ' | ' | ' | ' | ' | ' | 28-Oct-13 | ' |
Cash dividend to be paid | ' | $0.16 | ' | ' | ' | ' | ' | ' | ' |
Dividend to be paid date | ' | ' | ' | ' | ' | ' | ' | 13-Dec-13 | ' |
Dividend declared, shareholders of record date | ' | ' | ' | ' | ' | ' | ' | 2-Dec-13 | ' |
Business_Segment_Geographic_Ar2
Business Segment, Geographic Area, Product and Significant Customer Information - Additional Information (Detail) | 9 Months Ended |
Sep. 30, 2013 | |
Customer | |
Segment | |
Product | |
Segment Reporting [Abstract] | ' |
Number of reportable segments | 4 |
Number of operating segments | 8 |
Number of product groups | 4 |
Number of major customers | 2 |
Entity wide net revenue major customer percentage minimum | 10.00% |
Business_Segment_Geographic_Ar3
Business Segment, Geographic Area, Product and Significant Customer Information - Net Revenues by Reportable Segment (Detail) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Segment Reporting Information [Line Items] | ' | ' | ' | ' |
Total net revenues | $166,453 | $141,447 | $465,026 | $509,712 |
Advanced Manufacturing Capital Equipment [Member] | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' |
Total net revenues | 133,307 | 104,191 | 363,512 | 382,016 |
Analytical Solutions Group [Member] | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' |
Total net revenues | 13,313 | 15,160 | 41,217 | 47,680 |
Europe Region Sales & Service Operations [Member] | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' |
Total net revenues | 12,436 | 13,485 | 35,287 | 38,141 |
Asia Region Sales & Service Operations [Member] | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' |
Total net revenues | 52,558 | 46,782 | 149,267 | 182,663 |
Corporate, Eliminations and Other [Member] | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' |
Total net revenues | ($45,161) | ($38,171) | ($124,257) | ($140,788) |
Business_Segment_Geographic_Ar4
Business Segment, Geographic Area, Product and Significant Customer Information - Schedule of Gross Profit (Loss) by Reportable Segment (Detail) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Segment Reporting Information [Line Items] | ' | ' | ' | ' |
Gross profit | $62,234 | $56,571 | $178,894 | $216,878 |
Advanced Manufacturing Capital Equipment [Member] | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' |
Gross profit | 43,151 | 34,829 | 121,647 | 141,521 |
Analytical Solutions Group [Member] | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' |
Gross profit | 6,758 | 8,100 | 21,239 | 24,485 |
Europe Region Sales & Service Operations [Member] | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' |
Gross profit | 3,427 | 3,547 | 10,005 | 11,292 |
Asia Region Sales & Service Operations [Member] | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' |
Gross profit | 11,580 | 9,030 | 31,366 | 28,143 |
Corporate, Eliminations and Other [Member] | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' |
Gross profit | ($2,682) | $1,065 | ($5,363) | $11,437 |
Business_Segment_Geographic_Ar5
Business Segment, Geographic Area, Product and Significant Customer Information - Schedule of Capital Expenditures, Depreciation and Amortization Expense and Segment Assets by Reportable Segment (Detail) (USD $) | 3 Months Ended | 9 Months Ended | ||||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | Dec. 31, 2011 |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' |
Capital expenditures | $2,794 | $3,028 | $9,154 | $11,040 | ' | ' |
Depreciation and amortization | 4,245 | 3,640 | 12,715 | 10,197 | ' | ' |
Accounts receivable | 98,133 | ' | 98,133 | ' | 82,060 | ' |
Inventory | 136,060 | ' | 136,060 | ' | 134,639 | ' |
Total segment assets | 234,193 | ' | 234,193 | ' | 216,699 | 274,526 |
Advanced Manufacturing Capital Equipment [Member] | ' | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' |
Capital expenditures | 1,893 | 2,102 | 6,599 | 6,741 | ' | ' |
Depreciation and amortization | 2,861 | 2,409 | 8,819 | 6,797 | ' | ' |
Accounts receivable | 14,645 | ' | 14,645 | ' | 9,644 | ' |
Inventory | 107,935 | ' | 107,935 | ' | 108,397 | ' |
Total segment assets | 122,580 | ' | 122,580 | ' | 118,041 | ' |
Analytical Solutions Group [Member] | ' | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' |
Capital expenditures | 125 | 283 | 265 | 698 | ' | ' |
Depreciation and amortization | 319 | 248 | 923 | 715 | ' | ' |
Accounts receivable | 4,263 | ' | 4,263 | ' | 5,889 | ' |
Inventory | 4,354 | ' | 4,354 | ' | 3,841 | ' |
Total segment assets | 8,617 | ' | 8,617 | ' | 9,730 | ' |
Europe Region Sales & Service Operations [Member] | ' | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' |
Capital expenditures | 24 | 35 | 137 | 109 | ' | ' |
Depreciation and amortization | 86 | 102 | 260 | 305 | ' | ' |
Accounts receivable | 6,611 | ' | 6,611 | ' | 5,813 | ' |
Inventory | 3,950 | ' | 3,950 | ' | 3,691 | ' |
Total segment assets | 10,561 | ' | 10,561 | ' | 9,504 | ' |
Asia Region Sales & Service Operations [Member] | ' | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' |
Capital expenditures | 239 | 237 | 435 | 654 | ' | ' |
Depreciation and amortization | 294 | 537 | 876 | 1,330 | ' | ' |
Accounts receivable | 36,380 | ' | 36,380 | ' | 32,088 | ' |
Inventory | 28,532 | ' | 28,532 | ' | 29,534 | ' |
Total segment assets | 64,912 | ' | 64,912 | ' | 61,622 | ' |
Corporate, Eliminations and Other [Member] | ' | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' |
Capital expenditures | 513 | 371 | 1,718 | 2,838 | ' | ' |
Depreciation and amortization | 685 | 344 | 1,837 | 1,050 | ' | ' |
Accounts receivable | 36,234 | ' | 36,234 | ' | 28,626 | ' |
Inventory | -8,711 | ' | -8,711 | ' | -10,824 | ' |
Total segment assets | $27,523 | ' | $27,523 | ' | $17,802 | ' |
Business_Segment_Geographic_Ar6
Business Segment, Geographic Area, Product and Significant Customer Information - Reconciliation of Segment Assets to Consolidated Total Assets (Detail) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
In Thousands, unless otherwise specified | |||
Statement Of Financial Position [Abstract] | ' | ' | ' |
Total segment assets | $234,193 | $216,699 | $274,526 |
Cash and cash equivalents and investments | 625,837 | 627,399 | 573,392 |
Other current assets | 38,710 | 36,242 | 44,856 |
Property, plant and equipment, net | 78,020 | 80,516 | 72,487 |
Goodwill and intangible assets, net | 164,016 | 162,294 | 141,127 |
Other assets | 31,198 | 29,412 | 27,547 |
Total assets | $1,171,974 | $1,152,562 | $1,133,935 |
Business_Segment_Geographic_Ar7
Business Segment, Geographic Area, Product and Significant Customer Information - Worldwide Net Revenue for Each Group of Products (Detail) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Revenue from External Customer [Line Items] | ' | ' | ' | ' |
Net sales from product groups | $166,453 | $141,447 | $465,026 | $509,712 |
Instruments and Control Products [Member] | ' | ' | ' | ' |
Revenue from External Customer [Line Items] | ' | ' | ' | ' |
Net sales from product groups | 60,615 | 57,761 | 184,729 | 205,654 |
Power and Reactive Gas Products [Member] | ' | ' | ' | ' |
Revenue from External Customer [Line Items] | ' | ' | ' | ' |
Net sales from product groups | 72,471 | 52,031 | 182,294 | 199,864 |
Vacuum Products [Member] | ' | ' | ' | ' |
Revenue from External Customer [Line Items] | ' | ' | ' | ' |
Net sales from product groups | 18,098 | 15,435 | 53,588 | 53,158 |
Analytical Solutions Group Products [Member] | ' | ' | ' | ' |
Revenue from External Customer [Line Items] | ' | ' | ' | ' |
Net sales from product groups | $15,269 | $16,220 | $44,415 | $51,036 |
Business_Segment_Geographic_Ar8
Business Segment, Geographic Area, Product and Significant Customer Information - Company Long-Lived Assets in Different Geographic Regions (Detail) (USD $) | 3 Months Ended | 9 Months Ended | |||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 |
Revenues from External Customers and Long-Lived Assets [Line Items] | ' | ' | ' | ' | ' |
Net revenues | $166,453 | $141,447 | $465,026 | $509,712 | ' |
Long-lived assets | 79,977 | ' | 79,977 | ' | 82,711 |
United States [Member] | ' | ' | ' | ' | ' |
Revenues from External Customers and Long-Lived Assets [Line Items] | ' | ' | ' | ' | ' |
Net revenues | 91,286 | 73,775 | 252,704 | 259,954 | ' |
Long-lived assets | 61,404 | ' | 61,404 | ' | 62,203 |
Korea [Member] | ' | ' | ' | ' | ' |
Revenues from External Customers and Long-Lived Assets [Line Items] | ' | ' | ' | ' | ' |
Net revenues | 16,491 | 12,574 | 46,597 | 54,472 | ' |
Japan [Member] | ' | ' | ' | ' | ' |
Revenues from External Customers and Long-Lived Assets [Line Items] | ' | ' | ' | ' | ' |
Net revenues | 13,825 | 14,270 | 40,243 | 67,122 | ' |
Europe [Member] | ' | ' | ' | ' | ' |
Revenues from External Customers and Long-Lived Assets [Line Items] | ' | ' | ' | ' | ' |
Net revenues | 20,433 | 21,341 | 57,958 | 65,800 | ' |
Long-lived assets | 5,175 | ' | 5,175 | ' | 5,844 |
Asia (excluding Korea and Japan) [Member] | ' | ' | ' | ' | ' |
Revenues from External Customers and Long-Lived Assets [Line Items] | ' | ' | ' | ' | ' |
Net revenues | 24,418 | 19,487 | 67,524 | 62,364 | ' |
Long-lived assets | $13,398 | ' | $13,398 | ' | $14,664 |
Business_Segment_Geographic_Ar9
Business Segment, Geographic Area, Product and Significant Customer Information - Customers With Net Revenues Greater Than 10% of Total Net Revenues (Detail) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | |
Customer A [Member] | ' | ' | ' | ' |
Revenue, Major Customer [Line Items] | ' | ' | ' | ' |
Percentage of total net revenues | 16.40% | 13.90% | 16.70% | 14.80% |
Customer B [Member] | ' | ' | ' | ' |
Revenue, Major Customer [Line Items] | ' | ' | ' | ' |
Percentage of total net revenues | 13.50% | 8.50% | 11.80% | 10.30% |
Restructuring_Additional_Infor
Restructuring - Additional Information (Detail) (USD $) | 3 Months Ended | 9 Months Ended |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2013 |
People | ||
Restructuring And Related Activities [Abstract] | ' | ' |
Number of Reduction in the Company's headcount | ' | 27 |
Restructuring Charges | $1,126 | $1,364 |
Commitments_and_Contingencies_
Commitments and Contingencies - Additional Information (Detail) (USD $) | 3 Months Ended | 9 Months Ended | |||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Jun. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Commitments And Contingencies Disclosure [Abstract] | ' | ' | ' | ' | ' |
Litigation settlement with shareholders of former subsidiary | ' | ' | $5,316 | ' | $5,316 |
Insurance reimbursement for litigation settlement | ' | $1,071 | ' | ' | ' |