Immersion (IMMR) 10-Q 5 Aug 16 2016 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2016	Jul. 29, 2016
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q2
Trading Symbol	IMMR
Entity Registrant Name	IMMERSION CORP
Entity Central Index Key	1,058,811
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		28,907,745

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Current assets:
Cash and cash equivalents	$ 20,334	$ 25,013
Short-term investments	35,932	39,918
Accounts and other receivables (net of allowances for doubtful accounts of $15)	1,671	1,213
Prepaid expenses and other current assets	2,940	2,790
Total current assets	60,877	68,934
Property and equipment, net	4,241	4,589
Deferred income tax assets	30,754	24,633
Prepaid income taxes	4,997	6,995
Intangibles and other assets, net	289	264
Total assets	101,158	105,415
Current liabilities:
Accounts payable	2,590	650
Accrued compensation	3,265	4,840
Other current liabilities	3,503	2,999
Deferred revenue	5,689	6,696
Total current liabilities	15,047	15,185
Long-term deferred revenue	1,416	2,516
Other long-term liabilities	882	1,099
Total liabilities	17,345	18,800
Contingencies (Note 12)
Stockholders’ equity:
Common stock and additional paid-in capital — $0.001 par value; 100,000,000 shares authorized; 35,379,275 and 34,845,310 shares issued, respectively; 28,863,381 and 28,329,416 shares outstanding, respectively	217,509	212,115
Accumulated other comprehensive income	141	86
Accumulated deficit	(88,199)	(79,948)
Treasury stock at cost: 6,515,894 shares	(45,638)	(45,638)
Total stockholders’ equity	83,813	86,615
Total liabilities and stockholders’ equity	$ 101,158	$ 105,415

CONDENSED CONSOLIDATED BALANCE3

CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Statement of Financial Position [Abstract]
Allowance for doubtful accounts	$ 15	$ 15
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common Stock, shares authorized (in shares)	100,000,000	100,000,000
Common Stock, shares issued (in shares)	35,379,275	34,845,310
Common Stock, shares outstanding (in shares)	28,863,381	28,329,416
Treasury Stock, shares (in shares)	6,515,894	6,515,894

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Revenues:
Royalty and license	$ 7,615	$ 15,939	$ 21,063	$ 31,951
Development, services, and other	249	284	424	559
Total revenues	7,864	16,223	21,487	32,510
Costs and expenses:
Cost of revenues (exclusive of amortization of intangibles shown separately below)	59	115	82	230
Sales and marketing	3,397	3,670	7,200	7,880
Research and development	2,966	3,499	7,278	7,226
General and administrative	11,001	6,719	21,091	15,012
Amortization of intangibles	2	3	5	15
Total costs and expenses	17,425	14,006	35,656	30,363
Operating income (loss)	(9,561)	2,217	(14,169)	2,147
Interest and other income (expense)	33	46	245	21
Income (loss) from continuing operations before benefit (provision) for income taxes	(9,528)	2,263	(13,924)	2,168
Benefit (provision) for income taxes	3,323	(668)	5,024	(632)
Income (loss) from continuing operations	(6,205)	1,595	(8,900)	1,536
Income from discontinued operations	649	0	649	0
Net income (loss) used in computing basic net income (loss) per share	$ (5,556)	$ 1,595	$ (8,251)	$ 1,536
Basic net income (loss) per share - Continuing operations (in dollars per share)	$ (0.22)	$ 0.06	$ (0.31)	$ 0.05
Basic net income (loss) per share - Discontinuing operations (in dollars per share)	0.02	0	0.02	0
Basic net income (loss) per share (in dollars per share)	$ (0.20)	$ 0.06	$ (0.29)	$ 0.05
Shares used in calculating basic net income (loss) per share (in shares)	28,834	28,070	28,663	27,944
Diluted net income (loss) per share - Continuing Operations (in dollars per share	$ (0.22)	$ 0.06	$ (0.31)	$ 0.05
Basic net income (loss) per share - Discontinued Operations (in dollars per share)	0.02	0	0.02	0
Diluted net income (loss) per share (in dollars per share)	$ (0.20)	$ 0.06	$ (0.29)	$ 0.05
Shares used in computation of diluted net income (loss) per share	28,834	28,906	28,663	28,779
Other comprehensive income
Change in unrealized gains on short-term investments	$ 23	$ 3	$ 55	$ 4
Total other comprehensive income	23	3	55	4
Total comprehensive income (loss)	$ (5,533)	$ 1,598	$ (8,196)	$ 1,540

CONDENSED CONSOLIDATED STATEME5

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Cash flows provided by (used in) operating activities:
Net income (loss)	$ (8,251)	$ 1,536
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation and amortization of property and equipment	448	549
Amortization of intangibles	5	15
Stock-based compensation	3,589	2,969
Allowance for doubtful accounts	2	3
Loss on sale disposal of equipment	0	10
Income from discontinued operations	649	0
Changes in operating assets and liabilities:
Accounts and other receivables	(460)	1,918
Deferred income taxes	(6,472)	4,766
Prepaid income taxes	1,998	(3,718)
Prepaid expenses and other current assets	(150)	(1,289)
Other operating assets	(103)	(22)
Accounts payable	1,935	573
Accrued compensation and other current liabilities	(1,056)	1,277
Deferred revenue	(2,107)	7,895
Other long-term liabilities	(217)	192
Net cash provided by (used in) operating activities	(11,488)	16,674
Cash flows provided by investing activities:
Purchases of short-term investments	(19,886)	(4,994)
Proceeds from maturities of short-term investments	24,000	29,000
Purchases of property and equipment	(110)	(3,289)
Proceeds from discontinued operations	1,000	0
Net cash provided by investing activities	5,004	20,717
Cash flows provided by financing activities:
Issuance of common stock under employee stock purchase plan	128	190
Exercise of stock options	1,677	675
Net cash provided by financing activities	1,805	865
Net increase (decrease) in cash and cash equivalents	(4,679)	38,256
Cash and cash equivalents:
Beginning of period	25,013	14,380
End of period	20,334	52,636
Supplemental disclosure of cash flow information
Cash paid for taxes	(473)	90
Supplemental disclosure of noncash operating, investing, and financing activities
Amounts accrued for property and equipment	8	1,052
Release of Restricted Stock Units and Awards under company stock plan	$ 1,945	$ 2,647

SIGNIFICANT ACCOUNTING POLICIES

SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Jun. 30, 2016
Accounting Policies [Abstract]
SIGNIFICANT ACCOUNTING POLICIES	SIGNIFICANT ACCOUNTING POLICIES Description of Business Immersion Corporation (the “Company”) was incorporated in 1993 in California and reincorporated in Delaware in 1999. The Company focuses on the creation, design, development, and licensing of innovative haptic technologies that allow people to use their sense of touch more fully as they engage with cutting-edge products and experience the digital world around them. The Company has adopted a “hybrid” business model, under which it provides advanced tactile software, related tools, and technical assistance to certain customers; and offers licenses to the Company's patented intellectual property (“IP”) to other customers. Principles of Consolidation and Basis of Presentation The condensed consolidated financial statements include the accounts of Immersion Corporation and its wholly-owned subsidiaries: Immersion Canada Corporation; Immersion International, LLC; Immersion Medical, Inc.; Immersion Japan K.K.; Immersion Ltd.; Immersion Software Ireland Ltd.; Haptify, Inc.; Immersion (Shanghai) Science & Technology Company, Ltd.; and Immersion Technology International Ltd. All intercompany accounts, transactions, and balances have been eliminated in consolidation. The accompanying condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and with the instructions for Form 10-Q and Article 10 of Regulation S-X and, therefore, do not include all information and footnotes necessary for a complete presentation of the financial position, results of operations, and cash flows, in conformity with GAAP. These condensed consolidated financial statements should be read in conjunction with the Company’s audited consolidated financial statements included in the Company’s Annual Report on Form 10-K, for the fiscal year ended December 31, 2015 . In the opinion of management, all adjustments consisting of only normal and recurring items necessary for the fair presentation of the financial position and results of operations for the interim periods presented have been included. The results of operations for the three months and six months ended June 30, 2016 are not necessarily indicative of the results to be expected for the full year. Segment Information The Company develops, licenses, and supports a wide range of software and IP that more fully engage users’ sense of touch when operating digital devices. The Company focuses on the following target application areas: mobility and consumer electronics, automotive, gaming, commercial and industrial, and medical. The Company’s chief operating decision maker (“CODM”) is the Chief Executive Officer. The CODM allocates resources to and assesses the performance of the Company using information about its financial results as one operating and reporting segment. Revenue Recognition The Company recognizes revenues in accordance with applicable accounting standards, including ASC 605-10-S99, “Revenue Recognition” (“ASC 605-10-S99”); ASC 605-25, “Multiple Element Arrangements” (“ASC 605-25”); and ASC 985-605, “Software-Revenue Recognition” (“ASC 985-605”). The Company derives its revenues from two principal sources: royalty and license fees, and development contract and service fees. As described below, management judgments, assumptions, and estimates must be made and used in connection with the revenue recognized in any accounting period. Material differences may result in the amount and timing of revenue for any period based on the judgments and estimates made by management. Specifically, in connection with each transaction, the Company must evaluate whether: (i) persuasive evidence of an arrangement exists, (ii) delivery has occurred, (iii) the fee is fixed or determinable, and (iv) collectibility is probable. The Company applies these criteria as discussed below. • Persuasive evidence of an arrangement exists . For a license arrangement, the Company requires a written contract, signed by both the customer and the Company. • Delivery has occurred . The Company delivers software to customers physically and also delivers software electronically. For electronic deliveries, delivery occurs when the Company provides the customer access codes or “keys” that allow the customer to take immediate possession of the software. • The fee is fixed or determinable . The Company’s arrangement fee is based on the use of standard payment terms, which are those that are generally offered to the majority of customers. For transactions involving extended payment terms, the Company deems these fees not to be fixed or determinable for revenue recognition purposes and revenue is deferred until the fees become due and payable. • Collectibility is probable. To recognize revenue, the Company must judge collectibility of fees, which is done on a customer-by-customer basis pursuant to the Company’s credit review policy. The Company typically sells to customers with whom there is a history of successful collection. For new customers, the Company evaluates the customer’s financial condition and ability to pay. If it is determined that collectibility is not probable based upon the credit review process or the customer’s payment history, revenue is recognized when payment is received. Royalty and license revenue — The Company licenses its patents and software to customers in a variety of industries such as mobility, gaming, automotive, and medical devices. Certain of these are variable fee arrangements where the royalties earned by the Company are based on unit or sales volumes of the respective licensees. The Company also enters into fixed license fee arrangements. The terms of the royalty agreements generally require licensees to give notification of royalties due to the Company within 30 – 45 days of the end of the quarter during which their related sales occur. As the Company is unable to reliably estimate the licensees’ sales in any given quarter to determine the royalties due to it, the Company recognizes royalty revenues based on royalties reported by licensees and when all revenue recognition criteria are met. Certain royalties are based upon customer shipments or revenues and could be subject to change and may result in out of period adjustments. The Company recognizes fixed license fee revenue for licenses when earned under the terms of the agreements, which is generally recognized on a straight-line basis over the expected term of the license. Development, services, and other revenue — Development, services, and other revenue are composed of engineering services (engineering services and/or development contracts), and in limited cases, post contract customer support (“PCS”). Engineering services revenues are recognized under the proportional performance accounting method based on physical completion of the work to be performed or completed performance method. A provision for losses on contracts is made, if necessary, in the period in which the loss becomes probable and can be reasonably estimated. Revisions in estimates are reflected in the period in which the conditions become known. To date, such losses have not been significant. Revenue from PCS is typically recognized over the period of the ongoing obligation, which is generally consistent with the contractual term. Multiple element arrangements — The Company enters into multiple element arrangements in which customers purchase time-based non-exclusive licenses that cannot be resold to others, which include a combination of software and/or IP licenses, engineering services, and in limited cases PCS. For arrangements that are software based and include software and engineering services, the services are generally not essential to the functionality of the software, and customers may purchase engineering services to facilitate the adoption of the Company’s technology, but they may also decide to use their own resources or appoint other engineering service organizations to perform these services. For arrangements that are in substance subscription arrangements, the entire arrangement fee is recognized ratably over the contract term, subject to any limitations related to extended payment terms. For arrangements involving upfront fees for services and royalties earned by the Company based on unit or sales volumes of the respective licensees, and the services are performed ratably over the arrangement or are front-end loaded, the upfront fees are recognized ratably over the contract term and royalties based on unit or sales volume are recognized when they become fixed and determinable. As the Company is unable to reliably estimate the licensees’ sales in any given quarter to determine the royalties due to it, the Company recognizes per unit or sales volume driven royalty revenues based on royalties reported by licensees and when all revenue recognition criteria are met. Recent Accounting Pronouncements In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2014-09 “Revenue from Contracts with Customers: Topic 606” (“ASU 2014-09”) which will supersede the current revenue recognition requirements in Topic 605, Revenue Recognition, and most industry-specific guidance. The core principle of ASU 2014-09 is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. Further, the guidance requires improved disclosures to help users of financial statements better understand the nature, amount, timing, and uncertainty of revenue that is recognized. In August 2015, the FASB issued ASU No. 2015-14 “Revenue from Contracts with Customers: Deferral of the Effective Date”, which deferred the effective date of ASU 2014-09 for periods beginning after December 15, 2016 to December 15, 2017, with early adoption permitted but not earlier than the original effective date. In April 2016, the FASB issued ASU 2016-10 "Revenue from Contracts with Customers (Topic 606), Identifying Performance Obligations and Licensing" ("ASU 2016-10"), which further provides additional updates to revenue recognition guidance relating to performance obligations and accounting for licensing revenue. In May 2016, the FASB issued ASU 2016-12 "Revenue from Contracts with Customers (Topic 606), Narrow-Scope Improvements and Practical Expedients" ("ASU 2016-12") which further provides updates to revenue recognition guidance relating to scope and practical expedients for revenue recognition. Accordingly, ASU 2014-09, ASU 2016-10, and ASU 2016-12 are effective for the Company and are expected to be adopted in the first quarter of fiscal 2018. These standards permit companies to either apply the requirements retrospectively to all prior periods presented, or apply the requirements in the year of adoption through a cumulative adjustment. The Company is in the process of determining the method of adoption and evaluating the impact on its consolidated financial statements. In February 2016, the FASB issued ASU 2016-02 “Leases: Topic 842” (“ASU 2016-02”), which supersedes the existing guidance for lease accounting in Topic 840, Leases. The FASB issued the ASU to increase transparency and comparability among organizations by recognizing lease assets and lease liabilities on the balance sheet and disclosing key information about leasing arrangements. ASU 2016-02 requires lessees to recognize a lease liability and a right-of-use asset for all leases. Lessor accounting remains largely unchanged. The amendments of this ASU are effective for periods beginning after December 15, 2018, with early adoption permitted. An entity will be required to recognize and measure leases at the beginning of the earliest period presented using a modified retrospective approach. The Company is currently in the process of evaluating the impact of this standard on its consolidated financial statements. In March 2016, the FASB issued ASU 2016-09 “Compensation - Stock Compensation: Topic 718” (“ASU 2016-09”) which simplifies several aspects of the accounting for share-based payment transactions, including income tax consequences, classification of awards as either equity or liabilities, and classification in the statement of cash flows. The standard is effective for periods beginning after December 15, 2016, with early adoption permitted. The Company is currently in the process of evaluating the impact of this standard on its consolidated financial statements.

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	6 Months Ended
	Jun. 30, 2016
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS	FAIR VALUE MEASUREMENTS Cash Equivalents and Short-term Investments The financial instruments of the Company measured at fair value on a recurring basis are cash equivalents and short-term investments. The Company’s fixed income available-for-sale securities consist of high quality, investment grade securities. The Company values these securities based on pricing from pricing vendors, who may use quoted prices in active markets for identical assets (Level 1) or inputs other than quoted prices that are observable either directly or indirectly (Level 2) in determining fair value. The types of instruments valued based on quoted market prices in active markets include money market securities. Such instruments are generally classified within Level 1 of the fair value hierarchy. The types of instruments valued based on quoted prices in markets that are less active, broker or dealer quotations, or alternative pricing sources with reasonable levels of price transparency are generally classified within Level 2 of the fair value hierarchy and include U.S. treasury securities. The types of instruments valued based on unobservable inputs which reflect the reporting entity’s own assumptions or data that market participants would use in valuing an instrument are generally classified within Level 3 of the fair value hierarchy. The Company had no Level 3 instruments as of June 30, 2016 and December 31, 2015 . Financial instruments measured at fair value on a recurring basis as of June 30, 2016 and December 31, 2015 are classified based on the valuation technique in the table below: June 30, 2016 Fair value measurements using Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total (In thousands) Assets: U.S. Treasury securities $ — $ 35,932 $ — $ 35,932 Money market accounts 6,007 — — 6,007 Total assets at fair value $ 6,007 $ 35,932 $ — $ 41,939 The above table excludes $14.3 million of cash held in banks. December 31, 2015 Fair value measurements using Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total (In thousands) Assets: U.S. Treasury securities $ — $ 39,918 $ 39,918 Money market accounts 14,032 — — 14,032 Total assets at fair value $ 14,032 $ 39,918 $ — $ 53,950 The above table excludes $11.0 million of cash held in banks. U.S. Treasury securities are classified as short-term investments, and money market accounts are classified as cash equivalents on the Company’s condensed consolidated balance sheets. Short-term Investments June 30, 2016 Amortized Cost Gross Unrealized Holding Gains Gross Unrealized Holding Losses Fair Value (In thousands) U.S. Treasury securities $ 35,892 $ 40 $ — $ 35,932 Total $ 35,892 $ 40 $ — $ 35,932 December 31, 2015 Amortized Cost Gross Unrealized Holding Gains Gross Unrealized Holding Losses Fair Value (In thousands) U.S. Treasury securities $ 39,933 $ — $ (15 ) $ 39,918 Total $ 39,933 $ — $ (15 ) $ 39,918 The contractual maturities of the Company’s available-for-sale securities on June 30, 2016 and December 31, 2015 were all due within one year. There were no transfers of instruments between Level 1 and 2 during the three months and six months ended June 30, 2016 and the year ended December 31, 2015 .

ACCOUNTS AND OTHER RECEIVABLES

ACCOUNTS AND OTHER RECEIVABLES	6 Months Ended
	Jun. 30, 2016
Receivables [Abstract]
ACCOUNTS AND OTHER RECEIVABLES	ACCOUNTS AND OTHER RECEIVABLES June 30, 2016 December 31, 2015 (In thousands) Trade accounts receivable $ 1,196 $ 935 Receivables from vendors and other 475 278 Accounts and other receivables $ 1,671 $ 1,213

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT	6 Months Ended
	Jun. 30, 2016
Property, Plant and Equipment [Abstract]
PROPERTY AND EQUIPMENT	PROPERTY AND EQUIPMENT June 30, 2016 December 31, 2015 (In thousands) Computer equipment and purchased software $ 3,620 $ 3,564 Machinery and equipment 943 923 Furniture and fixtures 1,375 1,361 Leasehold improvements 3,838 3,838 Total 9,776 9,686 Less accumulated depreciation (5,535 ) (5,097 ) Property and equipment, net $ 4,241 $ 4,589

INTANGIBLES AND OTHER ASSETS

INTANGIBLES AND OTHER ASSETS	6 Months Ended
	Jun. 30, 2016
Intangibles And Other Assets [Abstract]
INTANGIBLES AND OTHER ASSETS	INTANGIBLES AND OTHER ASSETS June 30, 2016 December 31, 2015 (In thousands) Purchased patents and other purchased intangible assets $ 4,605 $ 4,605 Less: Accumulated amortization of purchased patents and other purchased intangibles (4,604 ) (4,599 ) Purchased patents and other purchased intangible assets, net 1 6 Other assets 288 258 Intangibles and other assets, net $ 289 $ 264 The Company amortizes its intangible assets related to purchased patents, over their estimated useful lives, generally 10 years from the purchase date. The Company recorded $2,000 and $5,000 in amortization of purchased patents in the three months and six months ended June 30, 2016 , respectively. The Company recorded $3,000 and $15,000 in amortization of purchased patents in the three months and six months ended June 30, 2015 , respectively. The remaining $1,000 in net book value of purchased patents as of June 30, 2016 will be amortized during the remainder of 2016 .

OTHER CURRENT LIABILITIES

OTHER CURRENT LIABILITIES	6 Months Ended
	Jun. 30, 2016
Other Liabilities, Current [Abstract]
OTHER CURRENT LIABILITIES	OTHER CURRENT LIABILITIES June 30, 2016 December 31, 2015 (In thousands) Accrued legal $ 2,268 $ 1,458 Accrued services 330 849 Income taxes payable 305 129 Other current liabilities 600 563 Total other current liabilities $ 3,503 $ 2,999

LONG-TERM DEFERRED REVENUE

LONG-TERM DEFERRED REVENUE	6 Months Ended
	Jun. 30, 2016
Deferred Revenue Disclosure [Abstract]
LONG-TERM DEFERRED REVENUE	LONG-TERM DEFERRED REVENUE Long-term deferred revenue consisted of the following: June 30, 2016 December 31, 2015 (In thousands) Deferred revenue for Sony Computer Entertainment $ — $ 1,263 Other deferred revenue 1,416 1,253 Long-term deferred revenue $ 1,416 $ 2,516

STOCK-BASED COMPENSATION

STOCK-BASED COMPENSATION	6 Months Ended
	Jun. 30, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
STOCK-BASED COMPENSATION	STOCK-BASED COMPENSATION Stock Options and Awards The Company’s equity incentive program is a long-term retention program that is intended to attract, retain, and provide incentives for talented employees, consultants, officers, and directors and to align stockholder and employee interests. The Company may grant time based options, market condition based options, stock appreciation rights, restricted stock, restricted stock units (“RSUs”), performance shares, performance units, and other stock-based or cash-based awards to employees, officers, directors, and consultants. Under this program, stock options may be granted at prices not less than the fair market value on the date of grant for stock options. These options generally vest over four years and expire from seven to ten years from the date of grant. In addition to time based vesting, market condition based options are subject to a market condition: the closing price of the Company stock must exceed a certain level for a number of trading days within a specified timeframe or the options will be cancelled before the expiration of the options. Restricted stock generally vests over one year. RSUs generally vest over three years. Awards granted other than an option or stock appreciation right reduce the common stock shares available for grant under the program by 1.75 shares for each share issued. June 30, 2016 Common stock shares available for grant 653,077 Standard and market condition stock options outstanding 3,521,481 Restricted stock awards outstanding 77,540 RSU's outstanding 510,234 Employee Stock Purchase Plan The Company has an Employee Stock Purchase Plan (“ESPP”). Under the ESPP, eligible employees may purchase common stock through payroll deductions at a purchase price of 85% of the lower of the fair market value of the Company’s common stock at the beginning of the offering period or the purchase date. Participants may not purchase more than 2,000 shares in a six -month offering period or purchase stock having a value greater than $25,000 in any calendar year as measured at the beginning of the offering period. A total of 1,000,000 shares of common stock have been reserved for issuance under the ESPP. As of June 30, 2016 , 621,269 shares had been purchased since the inception of the ESPP in 1999. Under ASC 718-10, the ESPP is considered a compensatory plan and the Company is required to recognize compensation cost related to the fair value of the award purchased under the ESPP. Shares purchased under the ESPP for the six months ended June 30, 2016 are listed below. Shares purchased under the ESPP for the six months ended June 30, 2015 are 23,713 . The intrinsic value listed below is calculated as the difference between the market value on the date of purchase and the purchase price of the shares. Six Months Ended June 30, 2016 Shares purchased under ESPP 17,711 Average price of shares purchased under ESPP $ 7.21 Intrinsic value of shares purchased under ESPP $ 23,000 Summary of Standard Stock Options The following table sets forth the summary of activity with respect to standard stock options granted under the Company’s stock option plans for the six months ended June 30, 2016 : Six Months Ended June 30, 2016 Beginning outstanding balance 3,596,533 Granted 444,769 Exercised (280,676 ) Forfeited (219,457 ) Expired (244,688 ) Ending outstanding balance 3,296,481 Aggregate intrinsic value of options exercised $ 700,000 Weighted average fair value of options granted 3.72 The aggregate intrinsic value is calculated as the difference between the exercise price of the underlying awards and the exercise price of the Company’s common stock for the options that were in-the-money. Information regarding these standard stock options outstanding at June 30, 2016 is summarized below: Number of Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Life (years) Aggregate Intrinsic Value (in millions) June 30, 2016 Options outstanding 3,296,481 $ 8.51 4.18 $ 2.5 Options vested and expected to vest using estimated forfeiture rates 3,104,511 8.46 4.08 2.5 Options exercisable 2,097,193 8.08 3.42 2.4 Summary of Market Condition Based Stock Options The following table sets forth activity with respect to market condition based stock options granted under the Company’s stock option plans for the six months ended June 30, 2016 : Six Months Ended June 30, 2016 Beginning outstanding balance 200,000 Granted 75,000 Exercised — Canceled (50,000 ) Ending outstanding balance 225,000 Aggregate intrinsic value of options exercised $ — Weighted average fair value of options granted 3.68 Information regarding these market condition based stock options outstanding at June 30, 2016 is summarized below: Number of Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Life (years) Aggregate Intrinsic Value (in millions) June 30, 2016 Options outstanding 225,000 $ 8.39 6.00 $ — Options vested and expected to vest using estimated forfeiture rates 202,048 8.38 5.99 — Options exercisable 46,875 8.09 5.67 — Summary of Restricted Stock Units RSU activity for the six months ended June 30, 2016 was as follows: Six Months Ended June 30, 2016 Beginning outstanding balance 487,117 Awarded 295,880 Released (214,222 ) Forfeited (58,541 ) Ending outstanding balance 510,234 Weighted average grant date fair value of RSUs granted $ 8.85 Total fair value of RSUs released 1,806,000 Information regarding RSUs outstanding at June 30, 2016 is summarized below: Number of Shares Weighted Average Remaining Contractual Life (years) Aggregate Intrinsic Value (in millions) June 30, 2016 RSUs outstanding 510,234 1.37 $ 3.7 RSUs vested and expected to vest using estimated forfeiture rates 385,983 1.25 2.8 Summary of Restricted Stock Awards Restricted stock award activity for the six months ended June 30, 2016 was as follows: Six Months Ended June 30, 2016 Beginning outstanding balance 21,356 Awarded 77,540 Released (21,356 ) Forfeited — Ending outstanding balance 77,540 Weighted average grant date fair value of restricted stock awarded $ 6.52 Total fair value of restricted stock awards released 139,000 Stock Plan Assumptions The assumptions used to value option grants under the Company’s stock plans were as follows: Three Months Ended June 30, Six Months Ended June 30, 2016 2015 2016 2015 Standard Stock Options Expected life (in years) 4.5 4.6 4.5 4.7 Volatility 55 % 55 % 55 % 56 % Interest rate 1.1 % 1.4 % 1.2 % 1.4 % Dividend yield N/A N/A N/A N/A Three Months Ended June 30, Six Months Ended June 30, 2016 2015 2016 2015 Market Condition Based Stock Options Expected life (in years) N/A N/A 7.0 7.0 Volatility N/A N/A 59 % 65 % Interest rate N/A N/A 1.6 % 1.9 % Dividend yield N/A N/A N/A N/A Three Months Ended June 30, Six Months Ended June 30, 2016 2015 2016 2015 Employee Stock Purchase Plan Expected life (in years) N/A N/A 0.5 0.5 Volatility N/A N/A 53 % 45 % Interest rate N/A N/A 0.5 % 0.1 % Dividend yield N/A N/A N/A N/A Compensation Costs Total stock-based compensation recognized in the condensed consolidated statements of operations and comprehensive loss is as follows: Three Months Ended June 30, Six Months Ended June 30, 2016 2015 2016 2015 (In thousands) Statement of Operations Classifications Sales and marketing $ 332 $ 288 $ 560 $ 552 Research and development 258 264 784 760 General and administrative 665 677 2,245 1,657 Total $ 1,255 $ 1,229 $ 3,589 $ 2,969 As of June 30, 2016 , there was $8.3 million of unrecognized compensation cost, adjusted for estimated forfeitures, related to non-vested stock options, restricted stock awards and RSUs granted to the Company’s employees and directors. This cost will be recognized over an estimated weighted-average period of approximately 2.62 years for standard options, 2.76 years for market condition based options, 2.11 years for RSUs, and 0.93 years for restricted stock awards. Total unrecognized compensation cost will be adjusted for future changes in estimated forfeitures.

STOCKHOLDERS' EQUITY

STOCKHOLDERS' EQUITY	6 Months Ended
	Jun. 30, 2016
Equity [Abstract]
STOCKHOLDERS' EQUITY	STOCKHOLDERS’ EQUITY Accumulated Other Comprehensive Income The changes in accumulated other comprehensive income are included in the table below. Six Months Ended June 30, 2016 Unrealized Gains and Losses on Available-for Sale Securities Foreign Currency Items Total (In thousands) Beginning balance $ (15 ) $ 101 $ 86 Other comprehensive income before reclassifications 55 — 55 Amounts reclassified from accumulated other comprehensive income — — — Net current period other comprehensive income 55 — 55 Ending Balance $ 40 $ 101 $ 141 Stock Repurchase Program On November 1, 2007, the Company announced its Board of Directors (the "Board")’ authorized the repurchase of up to $50.0 million of the Company’s common stock (“Stock Repurchase Program”). In addition, on October 22, 2014, the Board authorized another $30.0 million under the share repurchase program. The Company may repurchase its common stock for cash in the open market in accordance with applicable securities laws. The timing of and amount of any stock repurchase will depend on share price, corporate and regulatory requirements, economic and market conditions, and other factors. The stock repurchase authorization has no expiration date, does not require the Company to repurchase a specific number of shares, and may be modified, suspended, or discontinued at any time. There were no stock repurchases during the three months and six months ended June 30, 2016 and 2015 . As of June 30, 2016 , the Stock Repurchase Program remains available with approximately $34.4 million that may yet be purchased under the program.

DISCONTINUED OPERATIONS

DISCONTINUED OPERATIONS	6 Months Ended
	Jun. 30, 2016
Discontinued Operations and Disposal Groups [Abstract]
DISCONTINUED OPERATIONS	DISCONTINUED OPERATIONS During the year ended December 31, 2009, the Company sold its 3D product line including inventory, fixed assets, and intangibles and recorded gains on the sale of discontinued operations of $187,000 at the time of the sales. Total initially negotiated consideration for the sales was $2.7 million which comprised of $320,000 in cash paid in the year ended December 31, 2009 and notes receivable of $2.4 million which were payable through the year ended December 31, 2013. Given the inherent uncertainty relative to the credit worthiness of the buyers, the Company concluded that they would recognize income from the notes receivable as proceeds received. The operations of the 3D product line were classified as discontinued operations in the period of the initial sales transactions. During the three and six months ended June 30, 2016, a final settlement payment of $1.0 million was received relative to these sales resulting in $649,000 discontinued operations, net of tax of $351,000 .

INCOME TAXES

INCOME TAXES	6 Months Ended
	Jun. 30, 2016
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES Income tax provisions consisted of the following: Three Months Ended June 30, 2016 Six Months Ended June 30, 2016 2016 2015 2016 2015 (In thousands) Income (loss) from continuing operations before benefit (provision) for income taxes $ (9,528 ) $ 2,263 $ (13,924 ) $ 2,168 Benefit (provision) for income taxes 3,323 (668 ) 5,024 (632 ) Effective tax rate 34.9 % 29.5 % 36.1 % 29.2 % The benefit (provision) for income tax for the three months ended June 30, 2016 and 2015 resulted primarily from the Company’s federal and foreign tax recognized at statutory rates, adjusted for the tax impact of nondeductible permanent items including stock-based compensation and foreign withholding taxes. The benefit for income tax for the three months and six months ended June 30, 2016 also includes non-cash tax expense on intercompany profit that resulted from the sale of certain IP rights to one of the Company's foreign subsidiaries as part of the Company's reorganization of its international operations during the second half of 2015. Discrete items recognized for the six months ended June 30, 2016 include a tax refund related to the settlement with a taxing authority and the release of certain reserves and related accrued interest. On July 27, 2015, a U.S. Tax Court opinion ( Altera Corporation et. al v. Commissioner ) concerning the treatment of stock-based compensation expense in an intercompany cost sharing arrangement was issued. In its opinion, the U.S. Tax Court accepted Altera's position of excluding stock-based compensation from its intercompany cost sharing arrangement. On February 19, 2016, the IRS appealed the ruling to the U.S. Court of Appeals for the Ninth Circuit. Although the IRS has appealed the decision, based on the findings of the U.S. Tax Court, the Company has concluded that it is more likely than not that the decision will be upheld and accordingly has excluded stock-based compensation from intercompany charges during the period. The Company will continue to monitor ongoing developments and potential impacts to its condensed consolidated financial statements. As of June 30, 2016 , the Company had unrecognized tax benefits under ASC 740 “Income Taxes” of approximately $6.2 million and there was no applicable interest. The total amount of unrecognized tax benefits that would affect the Company’s effective tax rate, if recognized, was $2.9 million . The Company released reserves totaling $310,000 including interest and recorded a tax benefit due to the receipt of a tax refund related to the settlement with a taxing authority as noted above. The Company’s policy is to account for interest and penalties related to uncertain tax positions as a component of income tax provision. We do not expect to have any significant changes to unrecognized tax benefits during the next twelve months. Net deferred income taxes were $30.8 million as of June 30, 2016 , consisting primarily of federal net operating loss carryforwards and timing differences between book and tax. Because the Company had net operating loss and credit carryforwards, there are open statutes of limitations in which federal, state, and foreign taxing authorities may examine the Company’s tax returns for all years from 1998 through the current period. The Company maintains a valuation allowance of $8.2 million against certain of its deferred tax assets, including federal, state, and certain foreign deferred tax assets. The Company has determined there is not sufficient evidence to support the release of the valuation allowance against these federal, state and foreign deferred tax assets.

NET LOSS PER SHARE

NET LOSS PER SHARE	6 Months Ended
	Jun. 30, 2016
Earnings Per Share [Abstract]
NET LOSS PER SHARE	NET LOSS PER SHARE Basic and diluted net loss per share is computed using the weighted average number of common shares outstanding for the period, excluding unvested restricted stock and RSUs. The following is a reconciliation of the numerators and denominators used in computing basic and diluted net loss per share for both continuing and dscontinued operations: Three months ended June 30, Six Months Ended June 30, 2016 2015 2016 2015 (in thousands, except per share amounts) Numerator: Income (loss) from continuing operations $ (6,205 ) $ 1,595 $ (8,900 ) $ 1,536 Income from discontinued operations, net of tax 649 — 649 — Net income (loss) used in computing basic net income (loss) per share $ (5,556 ) $ 1,595 $ (8,251 ) $ 1,536 Denominator: Shares used in computation of basic and diluted net income (loss) per share (weighted average common shares outstanding) 28,834 28,070 28,663 27,944 Dilutive potential common shares: Stock options, ESPP, restricted Stock and RSUs — 836 — 835 Shares used in computation of diluted net income (loss) per share 28,834 28,906 28,663 28,779 Basic net income (loss) per share: Continuing operations $ (0.22 ) $ 0.06 $ (0.31 ) $ 0.05 Discontinued operations 0.02 0.00 0.02 0.00 Total $ (0.20 ) $ 0.06 $ (0.29 ) $ 0.05 Diluted net income (loss) per share: Continuing operations $ (0.22 ) $ 0.06 $ (0.31 ) $ 0.05 Discontinued operations 0.02 0.00 0.02 0.00 Total $ (0.20 ) $ 0.06 $ (0.29 ) $ 0.05 The Company includes the underlying market condition stock options in the calculation of diluted earnings per share if the performance condition has been satisfied as of the end of the reporting period and excludes such options if the performance condition has not been met. For the three months and six months ended June 30, 2015 , options to purchase approximately 1.3 million and 2.1 million shares of common stock, respectively, with exercise prices greater than the average fair market value of the Company’s stock of $11.28 and $10.08 per share, respectively, were not included in the calculation because the effect would have been anti-dilutive. As of June 30, 2016 , the Company had securities outstanding that could potentially dilute basic earnings per share in the future, but these were excluded from the computation of diluted net loss per share for three months and six months ended June 30, 2016 , since their effect would have been anti-dilutive. These outstanding securities consisted of the following: June 30, 2016 Outstanding stock options 3,521,481 Unvested restricted stock awards 77,540 Unvested RSUs 510,234 ESPP 27,670

CONTINGENCIES

CONTINGENCIES	6 Months Ended
	Jun. 30, 2016
Commitments and Contingencies Disclosure [Abstract]
CONTINGENCIES	CONTINGENCIES From time to time, the Company receives claims from third parties asserting that the Company’s technologies, or those of its licensees, infringe on the other parties’ IP rights. Management believes that these claims are without merit. Additionally, periodically, the Company is involved in routine legal matters and contractual disputes incidental to its normal operations. In management’s opinion, the resolution of such matters will not have a material adverse effect on the Company’s condensed consolidated financial condition, results of operations, or liquidity. In the normal course of business, the Company provides indemnification of varying scope to customers against claims of IP infringement made by third parties arising from the use of the Company’s IP, technology, or products. Historically, costs related to these guarantees have not been significant, and the Company is unable to estimate the maximum potential impact of these guarantees on its future results of operations.

SUBSEQUENT EVENT

SUBSEQUENT EVENT	6 Months Ended
	Jun. 30, 2016
Subsequent Events [Abstract]
SUBSEQUENT EVENT	SUBSEQUENT EVENT On July 12, 2016, the Company, together with Immersion Software Ireland Limited, an Irish company and a wholly owned subsidiary of the Company, entered into an Amendment No. 4 (the “Amendment”) to Amended and Restated License Agreement (the “Agreement”) with Samsung Electronics Co., Ltd., a South Korean Corporation (“Samsung”). Pursuant to the Agreement, the parties agreed to amend Section 13.4(c) relating to the Product Life Cycle Wind-Down Rights (as defined in the Agreement) to permit Samsung to exercise the Product Life Cycle Wind-Down Rights for $19.0 million . The parties also agreed to terminate the arbitration proceedings relating to the Product Life Cycle Wind-Down Rights and to mutual releases regarding a variety of other matters. The Company also agreed not to bring any judicial, administrative or other action against Samsung relating to the Amendment or patent infringement for a period of time. The Company received a payment under this Agreement for $19.0 million in July 2016 and plans to recognize it as license revenue during the three months ended September 30, 2016.

SIGNIFICANT ACCOUNTING POLICI20

SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Jun. 30, 2016
Accounting Policies [Abstract]
Description of Business	Immersion Corporation (the “Company”) was incorporated in 1993 in California and reincorporated in Delaware in 1999. The Company focuses on the creation, design, development, and licensing of innovative haptic technologies that allow people to use their sense of touch more fully as they engage with cutting-edge products and experience the digital world around them. The Company has adopted a “hybrid” business model, under which it provides advanced tactile software, related tools, and technical assistance to certain customers; and offers licenses to the Company's patented intellectual property (“IP”) to other customers.
Principles of Consolidation and Basis of Presentation	The condensed consolidated financial statements include the accounts of Immersion Corporation and its wholly-owned subsidiaries: Immersion Canada Corporation; Immersion International, LLC; Immersion Medical, Inc.; Immersion Japan K.K.; Immersion Ltd.; Immersion Software Ireland Ltd.; Haptify, Inc.; Immersion (Shanghai) Science & Technology Company, Ltd.; and Immersion Technology International Ltd. All intercompany accounts, transactions, and balances have been eliminated in consolidation. The accompanying condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and with the instructions for Form 10-Q and Article 10 of Regulation S-X and, therefore, do not include all information and footnotes necessary for a complete presentation of the financial position, results of operations, and cash flows, in conformity with GAAP. These condensed consolidated financial statements should be read in conjunction with the Company’s audited consolidated financial statements included in the Company’s Annual Report on Form 10-K, for the fiscal year ended December 31, 2015 . In the opinion of management, all adjustments consisting of only normal and recurring items necessary for the fair presentation of the financial position and results of operations for the interim periods presented have been included. The results of operations for the three months and six months ended June 30, 2016 are not necessarily indicative of the results to be expected for the full year.
Segment Information	The Company develops, licenses, and supports a wide range of software and IP that more fully engage users’ sense of touch when operating digital devices. The Company focuses on the following target application areas: mobility and consumer electronics, automotive, gaming, commercial and industrial, and medical. The Company’s chief operating decision maker (“CODM”) is the Chief Executive Officer. The CODM allocates resources to and assesses the performance of the Company using information about its financial results as one operating and reporting segment.
Revenue Recognition	The Company recognizes revenues in accordance with applicable accounting standards, including ASC 605-10-S99, “Revenue Recognition” (“ASC 605-10-S99”); ASC 605-25, “Multiple Element Arrangements” (“ASC 605-25”); and ASC 985-605, “Software-Revenue Recognition” (“ASC 985-605”). The Company derives its revenues from two principal sources: royalty and license fees, and development contract and service fees. As described below, management judgments, assumptions, and estimates must be made and used in connection with the revenue recognized in any accounting period. Material differences may result in the amount and timing of revenue for any period based on the judgments and estimates made by management. Specifically, in connection with each transaction, the Company must evaluate whether: (i) persuasive evidence of an arrangement exists, (ii) delivery has occurred, (iii) the fee is fixed or determinable, and (iv) collectibility is probable. The Company applies these criteria as discussed below. • Persuasive evidence of an arrangement exists . For a license arrangement, the Company requires a written contract, signed by both the customer and the Company. • Delivery has occurred . The Company delivers software to customers physically and also delivers software electronically. For electronic deliveries, delivery occurs when the Company provides the customer access codes or “keys” that allow the customer to take immediate possession of the software. • The fee is fixed or determinable . The Company’s arrangement fee is based on the use of standard payment terms, which are those that are generally offered to the majority of customers. For transactions involving extended payment terms, the Company deems these fees not to be fixed or determinable for revenue recognition purposes and revenue is deferred until the fees become due and payable. • Collectibility is probable. To recognize revenue, the Company must judge collectibility of fees, which is done on a customer-by-customer basis pursuant to the Company’s credit review policy. The Company typically sells to customers with whom there is a history of successful collection. For new customers, the Company evaluates the customer’s financial condition and ability to pay. If it is determined that collectibility is not probable based upon the credit review process or the customer’s payment history, revenue is recognized when payment is received. Royalty and license revenue — The Company licenses its patents and software to customers in a variety of industries such as mobility, gaming, automotive, and medical devices. Certain of these are variable fee arrangements where the royalties earned by the Company are based on unit or sales volumes of the respective licensees. The Company also enters into fixed license fee arrangements. The terms of the royalty agreements generally require licensees to give notification of royalties due to the Company within 30 – 45 days of the end of the quarter during which their related sales occur. As the Company is unable to reliably estimate the licensees’ sales in any given quarter to determine the royalties due to it, the Company recognizes royalty revenues based on royalties reported by licensees and when all revenue recognition criteria are met. Certain royalties are based upon customer shipments or revenues and could be subject to change and may result in out of period adjustments. The Company recognizes fixed license fee revenue for licenses when earned under the terms of the agreements, which is generally recognized on a straight-line basis over the expected term of the license. Development, services, and other revenue — Development, services, and other revenue are composed of engineering services (engineering services and/or development contracts), and in limited cases, post contract customer support (“PCS”). Engineering services revenues are recognized under the proportional performance accounting method based on physical completion of the work to be performed or completed performance method. A provision for losses on contracts is made, if necessary, in the period in which the loss becomes probable and can be reasonably estimated. Revisions in estimates are reflected in the period in which the conditions become known. To date, such losses have not been significant. Revenue from PCS is typically recognized over the period of the ongoing obligation, which is generally consistent with the contractual term. Multiple element arrangements — The Company enters into multiple element arrangements in which customers purchase time-based non-exclusive licenses that cannot be resold to others, which include a combination of software and/or IP licenses, engineering services, and in limited cases PCS. For arrangements that are software based and include software and engineering services, the services are generally not essential to the functionality of the software, and customers may purchase engineering services to facilitate the adoption of the Company’s technology, but they may also decide to use their own resources or appoint other engineering service organizations to perform these services. For arrangements that are in substance subscription arrangements, the entire arrangement fee is recognized ratably over the contract term, subject to any limitations related to extended payment terms. For arrangements involving upfront fees for services and royalties earned by the Company based on unit or sales volumes of the respective licensees, and the services are performed ratably over the arrangement or are front-end loaded, the upfront fees are recognized ratably over the contract term and royalties based on unit or sales volume are recognized when they become fixed and determinable. As the Company is unable to reliably estimate the licensees’ sales in any given quarter to determine the royalties due to it, the Company recognizes per unit or sales volume driven royalty revenues based on royalties reported by licensees and when all revenue recognition criteria are met.
Recent Accounting Pronouncements	In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2014-09 “Revenue from Contracts with Customers: Topic 606” (“ASU 2014-09”) which will supersede the current revenue recognition requirements in Topic 605, Revenue Recognition, and most industry-specific guidance. The core principle of ASU 2014-09 is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. Further, the guidance requires improved disclosures to help users of financial statements better understand the nature, amount, timing, and uncertainty of revenue that is recognized. In August 2015, the FASB issued ASU No. 2015-14 “Revenue from Contracts with Customers: Deferral of the Effective Date”, which deferred the effective date of ASU 2014-09 for periods beginning after December 15, 2016 to December 15, 2017, with early adoption permitted but not earlier than the original effective date. In April 2016, the FASB issued ASU 2016-10 "Revenue from Contracts with Customers (Topic 606), Identifying Performance Obligations and Licensing" ("ASU 2016-10"), which further provides additional updates to revenue recognition guidance relating to performance obligations and accounting for licensing revenue. In May 2016, the FASB issued ASU 2016-12 "Revenue from Contracts with Customers (Topic 606), Narrow-Scope Improvements and Practical Expedients" ("ASU 2016-12") which further provides updates to revenue recognition guidance relating to scope and practical expedients for revenue recognition. Accordingly, ASU 2014-09, ASU 2016-10, and ASU 2016-12 are effective for the Company and are expected to be adopted in the first quarter of fiscal 2018. These standards permit companies to either apply the requirements retrospectively to all prior periods presented, or apply the requirements in the year of adoption through a cumulative adjustment. The Company is in the process of determining the method of adoption and evaluating the impact on its consolidated financial statements. In February 2016, the FASB issued ASU 2016-02 “Leases: Topic 842” (“ASU 2016-02”), which supersedes the existing guidance for lease accounting in Topic 840, Leases. The FASB issued the ASU to increase transparency and comparability among organizations by recognizing lease assets and lease liabilities on the balance sheet and disclosing key information about leasing arrangements. ASU 2016-02 requires lessees to recognize a lease liability and a right-of-use asset for all leases. Lessor accounting remains largely unchanged. The amendments of this ASU are effective for periods beginning after December 15, 2018, with early adoption permitted. An entity will be required to recognize and measure leases at the beginning of the earliest period presented using a modified retrospective approach. The Company is currently in the process of evaluating the impact of this standard on its consolidated financial statements. In March 2016, the FASB issued ASU 2016-09 “Compensation - Stock Compensation: Topic 718” (“ASU 2016-09”) which simplifies several aspects of the accounting for share-based payment transactions, including income tax consequences, classification of awards as either equity or liabilities, and classification in the statement of cash flows. The standard is effective for periods beginning after December 15, 2016, with early adoption permitted. The Company is currently in the process of evaluating the impact of this standard on its consolidated financial statements.

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	6 Months Ended
	Jun. 30, 2016
Fair Value Disclosures [Abstract]
Schedule of financial instruments measured at fair value on recurring basis	Financial instruments measured at fair value on a recurring basis as of June 30, 2016 and December 31, 2015 are classified based on the valuation technique in the table below: June 30, 2016 Fair value measurements using Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total (In thousands) Assets: U.S. Treasury securities $ — $ 35,932 $ — $ 35,932 Money market accounts 6,007 — — 6,007 Total assets at fair value $ 6,007 $ 35,932 $ — $ 41,939 December 31, 2015 Fair value measurements using Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total (In thousands) Assets: U.S. Treasury securities $ — $ 39,918 $ 39,918 Money market accounts 14,032 — — 14,032 Total assets at fair value $ 14,032 $ 39,918 $ — $ 53,950
Schedule of short-term investments	Short-term Investments June 30, 2016 Amortized Cost Gross Unrealized Holding Gains Gross Unrealized Holding Losses Fair Value (In thousands) U.S. Treasury securities $ 35,892 $ 40 $ — $ 35,932 Total $ 35,892 $ 40 $ — $ 35,932 December 31, 2015 Amortized Cost Gross Unrealized Holding Gains Gross Unrealized Holding Losses Fair Value (In thousands) U.S. Treasury securities $ 39,933 $ — $ (15 ) $ 39,918 Total $ 39,933 $ — $ (15 ) $ 39,918

ACCOUNTS AND OTHER RECEIVABLES

ACCOUNTS AND OTHER RECEIVABLES (Tables)	6 Months Ended
	Jun. 30, 2016
Receivables [Abstract]
Schedule of accounts and other receivables	June 30, 2016 December 31, 2015 (In thousands) Trade accounts receivable $ 1,196 $ 935 Receivables from vendors and other 475 278 Accounts and other receivables $ 1,671 $ 1,213

PROPERTY AND EQUIPMENT (Tables)

PROPERTY AND EQUIPMENT (Tables)	6 Months Ended
	Jun. 30, 2016
Property, Plant and Equipment [Abstract]
Schedule of property and equipment	June 30, 2016 December 31, 2015 (In thousands) Computer equipment and purchased software $ 3,620 $ 3,564 Machinery and equipment 943 923 Furniture and fixtures 1,375 1,361 Leasehold improvements 3,838 3,838 Total 9,776 9,686 Less accumulated depreciation (5,535 ) (5,097 ) Property and equipment, net $ 4,241 $ 4,589

INTANGIBLES AND OTHER ASSETS (T

INTANGIBLES AND OTHER ASSETS (Tables)	6 Months Ended
	Jun. 30, 2016
Intangibles And Other Assets [Abstract]
Schedule of intangibles and other assets	June 30, 2016 December 31, 2015 (In thousands) Purchased patents and other purchased intangible assets $ 4,605 $ 4,605 Less: Accumulated amortization of purchased patents and other purchased intangibles (4,604 ) (4,599 ) Purchased patents and other purchased intangible assets, net 1 6 Other assets 288 258 Intangibles and other assets, net $ 289 $ 264

OTHER CURRENT LIABILITIES (Tabl

OTHER CURRENT LIABILITIES (Tables)	6 Months Ended
	Jun. 30, 2016
Other Liabilities, Current [Abstract]
Components of other current liabilities	OTHER CURRENT LIABILITIES June 30, 2016 December 31, 2015 (In thousands) Accrued legal $ 2,268 $ 1,458 Accrued services 330 849 Income taxes payable 305 129 Other current liabilities 600 563 Total other current liabilities $ 3,503 $ 2,999

LONG-TERM DEFERRED REVENUE (Tab

LONG-TERM DEFERRED REVENUE (Tables)	6 Months Ended
	Jun. 30, 2016
Deferred Revenue Disclosure [Abstract]
Schedule of long-term deferred revenue	Long-term deferred revenue consisted of the following: June 30, 2016 December 31, 2015 (In thousands) Deferred revenue for Sony Computer Entertainment $ — $ 1,263 Other deferred revenue 1,416 1,253 Long-term deferred revenue $ 1,416 $ 2,516

STOCK-BASED COMPENSATION (Table

STOCK-BASED COMPENSATION (Tables)	6 Months Ended
	Jun. 30, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of stock options and awards	June 30, 2016 Common stock shares available for grant 653,077 Standard and market condition stock options outstanding 3,521,481 Restricted stock awards outstanding 77,540 RSU's outstanding 510,234
Schedule of employee stock purchase plan	The intrinsic value listed below is calculated as the difference between the market value on the date of purchase and the purchase price of the shares. Six Months Ended June 30, 2016 Shares purchased under ESPP 17,711 Average price of shares purchased under ESPP $ 7.21 Intrinsic value of shares purchased under ESPP $ 23,000
Schedule of standard and market-based stock options activity	The following table sets forth the summary of activity with respect to standard stock options granted under the Company’s stock option plans for the six months ended June 30, 2016 : Six Months Ended June 30, 2016 Beginning outstanding balance 3,596,533 Granted 444,769 Exercised (280,676 ) Forfeited (219,457 ) Expired (244,688 ) Ending outstanding balance 3,296,481 Aggregate intrinsic value of options exercised $ 700,000 Weighted average fair value of options granted 3.72 The following table sets forth activity with respect to market condition based stock options granted under the Company’s stock option plans for the six months ended June 30, 2016 : Six Months Ended June 30, 2016 Beginning outstanding balance 200,000 Granted 75,000 Exercised — Canceled (50,000 ) Ending outstanding balance 225,000 Aggregate intrinsic value of options exercised $ — Weighted average fair value of options granted 3.68
Schedule of information regarding standard and market condition based stock options outstanding	Information regarding these market condition based stock options outstanding at June 30, 2016 is summarized below: Number of Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Life (years) Aggregate Intrinsic Value (in millions) June 30, 2016 Options outstanding 225,000 $ 8.39 6.00 $ — Options vested and expected to vest using estimated forfeiture rates 202,048 8.38 5.99 — Options exercisable 46,875 8.09 5.67 — Information regarding these standard stock options outstanding at June 30, 2016 is summarized below: Number of Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Life (years) Aggregate Intrinsic Value (in millions) June 30, 2016 Options outstanding 3,296,481 $ 8.51 4.18 $ 2.5 Options vested and expected to vest using estimated forfeiture rates 3,104,511 8.46 4.08 2.5 Options exercisable 2,097,193 8.08 3.42 2.4
Schedule of restricted stock units activity	RSU activity for the six months ended June 30, 2016 was as follows: Six Months Ended June 30, 2016 Beginning outstanding balance 487,117 Awarded 295,880 Released (214,222 ) Forfeited (58,541 ) Ending outstanding balance 510,234 Weighted average grant date fair value of RSUs granted $ 8.85 Total fair value of RSUs released 1,806,000
Schedule of information regarding restricted stock units outstanding	Information regarding RSUs outstanding at June 30, 2016 is summarized below: Number of Shares Weighted Average Remaining Contractual Life (years) Aggregate Intrinsic Value (in millions) June 30, 2016 RSUs outstanding 510,234 1.37 $ 3.7 RSUs vested and expected to vest using estimated forfeiture rates 385,983 1.25 2.8
Schedule of restricted stock awards activity	Restricted stock award activity for the six months ended June 30, 2016 was as follows: Six Months Ended June 30, 2016 Beginning outstanding balance 21,356 Awarded 77,540 Released (21,356 ) Forfeited — Ending outstanding balance 77,540 Weighted average grant date fair value of restricted stock awarded $ 6.52 Total fair value of restricted stock awards released 139,000
Schedule of stock options, market condition based stock options and employee stock purchase plan, valuation assumptions	The assumptions used to value option grants under the Company’s stock plans were as follows: Three Months Ended June 30, Six Months Ended June 30, 2016 2015 2016 2015 Standard Stock Options Expected life (in years) 4.5 4.6 4.5 4.7 Volatility 55 % 55 % 55 % 56 % Interest rate 1.1 % 1.4 % 1.2 % 1.4 % Dividend yield N/A N/A N/A N/A Three Months Ended June 30, Six Months Ended June 30, 2016 2015 2016 2015 Market Condition Based Stock Options Expected life (in years) N/A N/A 7.0 7.0 Volatility N/A N/A 59 % 65 % Interest rate N/A N/A 1.6 % 1.9 % Dividend yield N/A N/A N/A N/A Three Months Ended June 30, Six Months Ended June 30, 2016 2015 2016 2015 Employee Stock Purchase Plan Expected life (in years) N/A N/A 0.5 0.5 Volatility N/A N/A 53 % 45 % Interest rate N/A N/A 0.5 % 0.1 % Dividend yield N/A N/A N/A N/A
Schedule of stock-based compensation	Total stock-based compensation recognized in the condensed consolidated statements of operations and comprehensive loss is as follows: Three Months Ended June 30, Six Months Ended June 30, 2016 2015 2016 2015 (In thousands) Statement of Operations Classifications Sales and marketing $ 332 $ 288 $ 560 $ 552 Research and development 258 264 784 760 General and administrative 665 677 2,245 1,657 Total $ 1,255 $ 1,229 $ 3,589 $ 2,969

STOCKHOLDERS' EQUITY (Tables)

STOCKHOLDERS' EQUITY (Tables)	6 Months Ended
	Jun. 30, 2016
Equity [Abstract]
Changes in accumulated other comprehensive income	The changes in accumulated other comprehensive income are included in the table below. Six Months Ended June 30, 2016 Unrealized Gains and Losses on Available-for Sale Securities Foreign Currency Items Total (In thousands) Beginning balance $ (15 ) $ 101 $ 86 Other comprehensive income before reclassifications 55 — 55 Amounts reclassified from accumulated other comprehensive income — — — Net current period other comprehensive income 55 — 55 Ending Balance $ 40 $ 101 $ 141

INCOME TAXES (Tables)

INCOME TAXES (Tables)	6 Months Ended
	Jun. 30, 2016
Income Tax Disclosure [Abstract]
Schedule of income tax provisions	Income tax provisions consisted of the following: Three Months Ended June 30, 2016 Six Months Ended June 30, 2016 2016 2015 2016 2015 (In thousands) Income (loss) from continuing operations before benefit (provision) for income taxes $ (9,528 ) $ 2,263 $ (13,924 ) $ 2,168 Benefit (provision) for income taxes 3,323 (668 ) 5,024 (632 ) Effective tax rate 34.9 % 29.5 % 36.1 % 29.2 %

NET LOSS PER SHARE (Tables)

NET LOSS PER SHARE (Tables)	6 Months Ended
	Jun. 30, 2016
Earnings Per Share [Abstract]
Reconciliation used in Computing Basic and Diluted Net Income (Loss) per Share	The following is a reconciliation of the numerators and denominators used in computing basic and diluted net loss per share for both continuing and dscontinued operations: Three months ended June 30, Six Months Ended June 30, 2016 2015 2016 2015 (in thousands, except per share amounts) Numerator: Income (loss) from continuing operations $ (6,205 ) $ 1,595 $ (8,900 ) $ 1,536 Income from discontinued operations, net of tax 649 — 649 — Net income (loss) used in computing basic net income (loss) per share $ (5,556 ) $ 1,595 $ (8,251 ) $ 1,536 Denominator: Shares used in computation of basic and diluted net income (loss) per share (weighted average common shares outstanding) 28,834 28,070 28,663 27,944 Dilutive potential common shares: Stock options, ESPP, restricted Stock and RSUs — 836 — 835 Shares used in computation of diluted net income (loss) per share 28,834 28,906 28,663 28,779 Basic net income (loss) per share: Continuing operations $ (0.22 ) $ 0.06 $ (0.31 ) $ 0.05 Discontinued operations 0.02 0.00 0.02 0.00 Total $ (0.20 ) $ 0.06 $ (0.29 ) $ 0.05 Diluted net income (loss) per share: Continuing operations $ (0.22 ) $ 0.06 $ (0.31 ) $ 0.05 Discontinued operations 0.02 0.00 0.02 0.00 Total $ (0.20 ) $ 0.06 $ (0.29 ) $ 0.05
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share	These outstanding securities consisted of the following: June 30, 2016 Outstanding stock options 3,521,481 Unvested restricted stock awards 77,540 Unvested RSUs 510,234 ESPP 27,670

SIGNIFICANT ACCOUNTING POLICI31

SIGNIFICANT ACCOUNTING POLICIES - ADDITIONAL INFORMATION (Detail)	6 Months Ended
	Jun. 30, 2016Segment
Accounting Policies [Abstract]
Number of reporting segments	1
Number of operating segments	1
Period of royalties notification, minimum	30 days
Period of royalties notification, maximum	45 days

FAIR VALUE MEASUREMENTS - SCHED

FAIR VALUE MEASUREMENTS - SCHEDULE OF FINANCIAL INSTRUMENTS MEASURED AT FAIR VALUE ON RECURRING BASIS (Detail) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	$ 41,939	$ 53,950
Short-term investments | U.S. Treasury securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	35,932	39,918
Cash and cash equivalents | Money market accounts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	6,007	14,032
Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	6,007	14,032
Quoted Prices in Active Markets for Identical Assets (Level 1) | Short-term investments | U.S. Treasury securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Cash and cash equivalents | Money market accounts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	6,007	14,032
Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	35,932	39,918
Significant Other Observable Inputs (Level 2) | Short-term investments | U.S. Treasury securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	35,932	39,918
Significant Other Observable Inputs (Level 2) | Cash and cash equivalents | Money market accounts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	0	0
Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	0	0
Significant Unobservable Inputs (Level 3) | Short-term investments | U.S. Treasury securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	0
Significant Unobservable Inputs (Level 3) | Cash and cash equivalents | Money market accounts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	$ 0	$ 0

FAIR VALUE MEASUREMENTS - SCH33

FAIR VALUE MEASUREMENTS - SCHEDULE OF SHORT-TERM INVESTMENTS (Detail) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Schedule of Available-for-sale Securities [Line Items]
Short-term investments, amortized cost	$ 35,892	$ 39,933
Short-term investments, gross unrealized holding gains	40	0
Short-term investments, gross unrealized holding losses	0	(15)
Short-term investments, fair value	35,932	39,918
U.S. Treasury securities
Schedule of Available-for-sale Securities [Line Items]
Short-term investments, amortized cost	35,892	39,933
Short-term investments, gross unrealized holding gains	40	0
Short-term investments, gross unrealized holding losses	0	(15)
Short-term investments, fair value	$ 35,932	$ 39,918

FAIR VALUE MEASUREMENTS - ADDIT

FAIR VALUE MEASUREMENTS - ADDITIONAL INFORMATION (Detail) - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2016	Dec. 31, 2015
Fair Value Disclosures [Abstract]
Cash held in banks	$ 14,300,000	$ 11,000,000
Period for contractual maturities of the Company's available-for-sale securities	1 year	1 year
Fair value assets, Level 1 to Level 2	$ 0	$ 0
Fair value assets, Level 2 to Level 1	0	0
Fair value liabilities, Level 1 to Level 2	0	0
Fair value liabilities, Level 2 to Level 1	$ 0	$ 0

ACCOUNTS AND OTHER RECEIVABLE35

ACCOUNTS AND OTHER RECEIVABLES - SCHEDULE OF ACCOUNTS AND OTHER RECEIVABLES (Detail) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Receivables [Abstract]
Trade accounts receivable	$ 1,196	$ 935
Receivables from vendors and other	475	278
Accounts and other receivables	$ 1,671	$ 1,213

PROPERTY AND EQUIPMENT - SCHEDU

PROPERTY AND EQUIPMENT - SCHEDULE OF PROPERTY AND EQUIPMENT (Detail) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Property, Plant and Equipment [Line Items]
Property and equipment, total	$ 9,776	$ 9,686
Less accumulated depreciation	(5,535)	(5,097)
Property and equipment, net	4,241	4,589
Computer equipment and purchased software
Property, Plant and Equipment [Line Items]
Property and equipment, total	3,620	3,564
Machinery and equipment
Property, Plant and Equipment [Line Items]
Property and equipment, total	943	923
Furniture and fixtures
Property, Plant and Equipment [Line Items]
Property and equipment, total	1,375	1,361
Leasehold improvements
Property, Plant and Equipment [Line Items]
Property and equipment, total	$ 3,838	$ 3,838

INTANGIBLES AND OTHER ASSETS -

INTANGIBLES AND OTHER ASSETS - SCHEDULE OF INTANGIBLES AND OTHER ASSETS (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Finite-Lived Intangible Assets [Line Items]
Other assets	$ 288		$ 288		$ 258
Intangibles and other assets, net	289		$ 289		264
Intangible asset - useful life			10 years
Amortization of intangibles	2	$ 3	$ 5	$ 15
Net book value of purchased patents	1		1
Purchased patents and other purchased intangibles
Finite-Lived Intangible Assets [Line Items]
Purchased patents and other purchased intangible assets	4,605		4,605		4,605
Less: Accumulated amortization of purchased patents and other purchased intangibles	(4,604)		(4,604)		(4,599)
Purchased patents and other purchased intangible assets, net	$ 1		$ 1		$ 6

OTHER CURRENT LIABILITIES (Deta

OTHER CURRENT LIABILITIES (Detail) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Other Liabilities, Current [Abstract]
Accrued legal	$ 2,268	$ 1,458
Accrued services	330	849
Income taxes payable	305	129
Other current liabilities	600	563
Total other current liabilities	$ 3,503	$ 2,999

LONG-TERM DEFERRED REVENUE - SC

LONG-TERM DEFERRED REVENUE - SCHEDULE OF LONG-TERM DEFERRED REVENUE (Detail) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Deferred Revenue Disclosure [Abstract]
Deferred revenue for Sony Computer Entertainment	$ 0	$ 1,263
Other deferred revenue	1,416	1,253
Long-term deferred revenue	$ 1,416	$ 2,516

STOCK-BASED COMPENSATION - SCHE

STOCK-BASED COMPENSATION - SCHEDULE OF STOCK OPTIONS AND AWARDS (Detail) - shares	Jun. 30, 2016	Dec. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock shares available for grant	653,077
Outstanding stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Standard and market condition stock options outstanding (in shares)	3,521,481
Unvested restricted stock awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock outstanding (in shares)	77,540	21,356
Unvested RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock outstanding (in shares)	510,234	487,117

STOCK-BASED COMPENSATION - SC41

STOCK-BASED COMPENSATION - SCHEDULE OF EMPLOYEE STOCK PURCHASE PLAN (Detail) - USD ($) $ / shares in Units, $ in Thousands	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Shares purchased under ESPP (in shares)	17,711	23,713
Average price of shares purchased under ESPP (in dollars per share)	$ 7.21
Intrinsic value of shares purchased under ESPP	$ 23

STOCK-BASED COMPENSATION - SC42

STOCK-BASED COMPENSATION - SCHEDULE OF STANDARD AND MARKET-BASED STOCK OPTIONS ACTIVITY (Detail)	6 Months Ended
	Jun. 30, 2016USD ($)$ / sharesshares
Standard Stock Options
Share-based Compensation Arrangement by Share-based Payment Award, Options, Nonvested, Number of Shares [Roll Forward]
Beginning outstanding balance (in shares)	3,596,533
Granted (in shares)	444,769
Exercised (in shares)	(280,676)
Forfeited (in shares)	(219,457)
Expired (in shares)	(244,688)
Ending outstanding balance (in shares)	3,296,481
Aggregate intrinsic value of options exercised (in dollars) | $	$ 700,000
Weighted average fair value of options granted (in dollars per share) | $ / shares	$ 3.72
Market Condition Based Stock Options
Share-based Compensation Arrangement by Share-based Payment Award, Options, Nonvested, Number of Shares [Roll Forward]
Beginning outstanding balance (in shares)	200,000
Granted (in shares)	75,000
Exercised (in shares)	0
Forfeited and canceled (in shares)	(50,000)
Ending outstanding balance (in shares)	225,000
Aggregate intrinsic value of options exercised (in dollars) | $	$ 0
Weighted average fair value of options granted (in dollars per share) | $ / shares	$ 3.68

STOCK-BASED COMPENSATION - SC43

STOCK-BASED COMPENSATION - SCHEDULE OF INFORMATION REGARDING STANDARD AND MARKET CONDITION BASED STOCK OPTIONS OUTSTANDING (Detail) - USD ($) $ / shares in Units, $ in Millions	6 Months Ended
	Jun. 30, 2016	Dec. 31, 2015
Standard Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock options outstanding (in shares)	3,296,481	3,596,533
Options vested and expected to vest using estimated forfeiture rates, number (in shares)	3,104,511
Options exercisable, number (in shares)	2,097,193
Options outstanding, Weighted Average Exercise Price (in dollars per share)	$ 8.51
Options vested and expected to vest using estimated forfeiture rates, Weighted Average Exercise Price (in dollars per share)	8.46
Options exercisable, Weighted Average Exercise Price (in dollars per share)	$ 8.08
Options outstanding, Weighted Average Remaining Contractual Life (years)	4 years 2 months 4 days
Options vested and expected to vest using estimated forfeiture rates, Weighted Average Remaining Contractual Life (years)	4 years 29 days
Options exercisable, weighted average remaining contractual (years)	3 years 5 months 1 day
Options outstanding, aggregate intrinsic value (in dollars)	$ 2.5
Options vested and expected to vest using estimated forfeiture rates, Aggregate Intrinsic Value (in dollars)	2.5
Options exercisable, aggregate intrinsic value (in dollars)	$ 2.4
Market Condition Based Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock options outstanding (in shares)	225,000	200,000
Options vested and expected to vest using estimated forfeiture rates, number (in shares)	202,048
Options exercisable, number (in shares)	46,875,000
Options outstanding, Weighted Average Exercise Price (in dollars per share)	$ 8.39
Options vested and expected to vest using estimated forfeiture rates, Weighted Average Exercise Price (in dollars per share)	8.38
Options exercisable, Weighted Average Exercise Price (in dollars per share)	$ 8.09
Options outstanding, Weighted Average Remaining Contractual Life (years)	6 years
Options vested and expected to vest using estimated forfeiture rates, Weighted Average Remaining Contractual Life (years)	5 years 11 months 26 days
Options exercisable, weighted average remaining contractual (years)	5 years 8 months 1 day
Options outstanding, aggregate intrinsic value (in dollars)	$ 0
Options vested and expected to vest using estimated forfeiture rates, Aggregate Intrinsic Value (in dollars)	0
Options exercisable, aggregate intrinsic value (in dollars)	$ 0

STOCK-BASED COMPENSATION - SC44

STOCK-BASED COMPENSATION - SCHEDULE OF RESTRICTED STOCK UNITS ACTIVITY (Detail) - Unvested RSUs - USD ($) $ / shares in Units, $ in Thousands	6 Months Ended
	Jun. 30, 2016	Dec. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Restricted stock outstanding (in shares)	510,234	487,117
Awarded (in shares)	295,880
Released (in shares)	(214,222)
Forfeited (in shares)	(58,541)
Ending outstanding balance (in shares)	510,234
Weighted average grant date fair value of RSUs granted (in dollars per share)	$ 8.85
Total fair value of RSUs released (in dollars)	$ 1,806

STOCK-BASED COMPENSATION - SC45

STOCK-BASED COMPENSATION - SCHEDULE OF INFORMATION REGARDING RESTRICTED STOCK UNITS OUTSTANDING (Detail) - Unvested RSUs - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2016	Dec. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
RSUs outstanding, number (in shares)	510,234	487,117
RSUs vested and expected to vest using estimated forfeiture rates, number (in shares)	385,983
RSUs outstanding, Weighted Average Remaining Contractual Life (years)	1 year 4 months 13 days
RSUs vested and expected to vest using estimated forfeiture rates, Weighted Average Remaining Contractual Life (years)	1 year 3 months
RSUs outstanding, aggregate intrinsic value (in dollars)	$ 3.7
RSUs vested and expected to vest using estimated forfeiture rates, aggregate intrinsic value (in dollars)	$ 2.8

STOCK-BASED COMPENSATION - SC46

STOCK-BASED COMPENSATION - SCHEDULE OF RESTRICTED STOCK AWARDS ACTIVITY (Detail) - Unvested restricted stock awards $ / shares in Units, $ in Thousands	6 Months Ended
	Jun. 30, 2016USD ($)$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Restricted stock outstanding (in shares)	21,356
Awarded (in shares)	77,540
Released (in shares)	(21,356)
Forfeited (in shares)	0
Ending outstanding balance (in shares)	77,540
Weighted average grant date fair value of restricted stock awarded (in dollars per share) | $ / shares	$ 6.52
Total fair value of restricted stock awards released (in dollars) | $	$ 139

STOCK-BASED COMPENSATION - SC47

STOCK-BASED COMPENSATION - SCHEDULE OF STOCK OPTIONS, MARKET CONDITION BASED STOCK OPTIONS AND EMPLOYEE STOCK PURCHASE PLAN VALUATION ASSUMPTIONS (Detail)	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Employee Stock Purchase Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected life (in years)			6 months	6 months
Volatility			53.00%	45.00%
Interest rate			0.50%	0.10%
Standard Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected life (in years)	4 years 6 months	4 years 7 months 6 days	4 years 6 months	4 years 8 months 12 days
Volatility	55.00%	55.00%	55.00%	56.00%
Interest rate	1.10%	1.40%	1.20%	1.40%
Market Condition Based Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected life (in years)			7 years	7 years
Volatility			59.00%	65.00%
Interest rate			1.60%	1.90%

STOCK-BASED COMPENSATION - SC48

STOCK-BASED COMPENSATION - SCHEDULE OF STOCK-BASED COMPENSATION (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Share-based compensation, total	$ 1,255	$ 1,229	$ 3,589	$ 2,969
Sales and marketing
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Share-based compensation, total	332	288	560	552
Research and development
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Share-based compensation, total	258	264	784	760
General and administrative
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Share-based compensation, total	$ 665	$ 677	$ 2,245	$ 1,657

STOCK-BASED COMPENSATION - ADDI

STOCK-BASED COMPENSATION - ADDITIONAL INFORMATION (Detail) - USD ($)	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options for every share issued (in shares)	1.75
Percentage of fair market value on the purchase date	85.00%
Maximum number of shares per employee (in shares)	2,000
Employee stock purchase plan offering period	6 months
Maximum value of shares per employee	$ 25,000
Common stock reserved for issuance (in shares)	1,000,000
Shares purchased by employee since inception of ESPP (in shares)	621,269
Shares purchased under ESPP (in shares)	17,711	23,713
Unrecognized compensation cost	$ 8,300,000
Outstanding stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based payment award vesting period (years)	4 years
Outstanding stock options | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based payment award expiration period (years)	7 years
Outstanding stock options | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based payment award expiration period (years)	10 years
Unvested restricted stock awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based payment award vesting period (years)	1 year
Unrecognized compensation cost, recognized over an estimated weighted-average period (years)	11 months 4 days
Unvested RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based payment award vesting period (years)	3 years
Unrecognized compensation cost, recognized over an estimated weighted-average period (years)	2 years 1 month 9 days
Standard Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost, recognized over an estimated weighted-average period (years)	2 years 7 months 13 days
Market Condition Based Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost, recognized over an estimated weighted-average period (years)	2 years 9 months 3 days

STOCKHOLDERS' EQUITY - CHANGES

STOCKHOLDERS' EQUITY - CHANGES IN ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Detail) $ in Thousands	6 Months Ended
	Jun. 30, 2016USD ($)
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax [Abstract]
Beginning balance	$ 86
Other Comprehensive Income (Loss), Net of Tax [Abstract]
Other comprehensive income before reclassifications	55
Amounts reclassified from accumulated other comprehensive income	0
Net current period other comprehensive income	55
Ending balance	141
Unrealized gains and losses on available-for sale securities
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax [Abstract]
Beginning balance	(15)
Other Comprehensive Income (Loss), Net of Tax [Abstract]
Other comprehensive income before reclassifications	55
Amounts reclassified from accumulated other comprehensive income	0
Net current period other comprehensive income	55
Ending balance	40
Foreign currency items
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax [Abstract]
Beginning balance	101
Other Comprehensive Income (Loss), Net of Tax [Abstract]
Other comprehensive income before reclassifications	0
Amounts reclassified from accumulated other comprehensive income	0
Net current period other comprehensive income	0
Ending balance	$ 101

STOCKHOLDERS' EQUITY - ADDITION

STOCKHOLDERS' EQUITY - ADDITIONAL INFORMATION (Detail) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Oct. 22, 2014	Nov. 01, 2007
Equity [Abstract]
Stock repurchase program, additional authorized amount					$ 30,000,000	$ 50,000,000
Repurchased shares	0	0	0	0
Stock repurchase program, remaining available repurchase amount	$ 34,400,000		$ 34,400,000

DISCONTINUED OPERATIONS DISCONT

DISCONTINUED OPERATIONS DISCONTINUED OPERATIONS (Details) - USD ($) $ in Thousands	Dec. 31, 2009	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Discontinued Operations and Disposal Groups [Abstract]
Income from discontinued operations	$ 187
Disposal group, including discontinued operation, consideration	2,700
Disposal group, including discontinued operation, cash and cash equivalents	320
Disposal group, including discontinued operation, accounts, notes and loans receivable, net	$ 2,400
Proceeds from discontinued operations				$ 1,000	$ 0
Income from discontinued operations		$ 649	$ 0	649	$ 0
Discontinued operation, tax effect of discontinued operation				$ 351

INCOME TAXES - SCHEDULE OF INCO

INCOME TAXES - SCHEDULE OF INCOME TAX PROVISIONS (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Income Tax Disclosure [Abstract]
Income (loss) from continuing operations before benefit (provision) for income taxes	$ (9,528)	$ 2,263	$ (13,924)	$ 2,168
Benefit (provision) for income taxes	$ 3,323	$ (668)	$ 5,024	$ (632)
Effective tax rate (in percent)	34.90%	29.50%	36.10%	29.20%

INCOME TAXES - ADDITIONAL INFOR

INCOME TAXES - ADDITIONAL INFORMATION (Detail)	3 Months Ended
	Jun. 30, 2016USD ($)
Income Tax Disclosure [Abstract]
Unrecognized tax benefits	$ 6,200,000
Unrecognized tax benefits, interest	0
Unrecognized tax benefits that would affect the Company's effective tax rate	2,900,000
Unrecognized tax benefits released	310,000
Net deferred income taxes	30,800,000
Valuation allowance of deferred tax assets	$ 8,200,000

NET LOSS PER SHARE - ADDITIONAL

NET LOSS PER SHARE - ADDITIONAL INFORMATION (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Income (loss) from continuing operations	$ (6,205)	$ 1,595	$ (8,900)	$ 1,536
Income from discontinued operations	649	0	649	0
Net income (loss) used in computing basic net income (loss) per share	$ (5,556)	$ 1,595	$ (8,251)	$ 1,536
Shares used in computation of basic and diluted net income (loss) per share (weighted average common shares outstanding)	28,834,000	28,070,000	28,663,000	27,944,000
Stock options, ESPP, restricted Stock and RSUs	0	836,000	0	835,000
Shares used in computation of diluted net income (loss) per share	28,834,000	28,906,000	28,663,000	28,779,000
Basic net income (loss) per share - Continuing operations (in dollars per share)	$ (0.22)	$ 0.06	$ (0.31)	$ 0.05
Basic net income (loss) per share - Discontinued operations (in dollars per share)	0.02	0	0.02	0
Basic net income (loss) per share (in dollars per share)	(0.20)	0.06	(0.29)	0.05
Diluted net income (loss) per share - Continuing Operations (in dollars per share	(0.22)	0.06	(0.31)	0.05
Diluted net income (loss) per share - Discontinued operations (in dollars per share)	0.02	0	0.02	0
Diluted net income (loss) per share (in dollars per share)	$ (0.20)	$ 0.06	$ (0.29)	$ 0.05
Options to purchase shares of common stock (in shares)	1,300,000		2,100,000
Average fair market value of stock (in dollars per share)	$ 11.28		$ 10.08
Outstanding stock options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Options to purchase shares of common stock (in shares)			3,521,481
Unvested restricted stock awards
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Options to purchase shares of common stock (in shares)			77,540
Unvested RSUs
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Options to purchase shares of common stock (in shares)			510,234
ESPP
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Options to purchase shares of common stock (in shares)			27,670

SUBSEQUENT EVENT SUBSEQUENT EVE

SUBSEQUENT EVENT SUBSEQUENT EVENT (Details) - Product Life Cycle Wind-Down Rights - Subsequent event - USD ($) $ in Millions	1 Months Ended
	Jul. 31, 2016	Jul. 12, 2016
Subsequent Event [Line Items]
Indefinite-lived license agreements		$ 19
Deferred revenue, Current	$ 19