Document_and_Entity_Informatio
Document and Entity Information (USD $) | 12 Months Ended | |||
Dec. 31, 2013 | Jun. 30, 2013 | Feb. 21, 2014 | Feb. 21, 2014 | |
Class A Common Stock | Class B Common Stock | |||
Document Information [Line Items] | ' | ' | ' | ' |
Document Type | '10-K | ' | ' | ' |
Amendment Flag | 'false | ' | ' | ' |
Document Period End Date | 31-Dec-13 | ' | ' | ' |
Document Fiscal Year Focus | '2013 | ' | ' | ' |
Document Fiscal Period Focus | 'FY | ' | ' | ' |
Trading Symbol | 'TSYS | ' | ' | ' |
Entity Registrant Name | 'TELECOMMUNICATION SYSTEMS INC /FA/ | ' | ' | ' |
Entity Central Index Key | '0001111665 | ' | ' | ' |
Current Fiscal Year End Date | '--12-31 | ' | ' | ' |
Entity Well-known Seasoned Issuer | 'No | ' | ' | ' |
Entity Current Reporting Status | 'Yes | ' | ' | ' |
Entity Voluntary Filers | 'No | ' | ' | ' |
Entity Filer Category | 'Accelerated Filer | ' | ' | ' |
Entity Common Stock, Shares Outstanding | ' | ' | 54,595,507 | 4,997,769 |
Entity Public Float | ' | $110,421,822 | ' | ' |
Consolidated_Balance_Sheets
Consolidated Balance Sheets (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Current assets: | ' | ' |
Cash and cash equivalents | $41,904 | $36,623 |
Marketable securities | 20,004 | 14,875 |
Accounts receivable, net of allowance of $388 in 2013 and $394 in 2012 | 45,789 | 83,013 |
Unbilled receivables | 16,009 | 23,095 |
Inventory | 9,890 | 11,084 |
Deferred tax assets | ' | 9,813 |
Deferred project costs and other current assets | 15,286 | 15,394 |
Total current assets | 148,882 | 193,897 |
Property and equipment, net of accumulated depreciation and amortization of $73,068 in 2013 and $72,050 in 2012 | 38,355 | 49,270 |
Software development costs, net of accumulated amortization of $1,791 in 2013 and $27,317 in 2012 | 4,178 | 18,929 |
Acquired intangible assets, net of accumulated amortization of $10,173 in 2013 and $9,895 in 2012 | 21,003 | 26,172 |
Goodwill | 104,241 | 112,450 |
Deferred tax assets | ' | 6,233 |
Other assets | 4,796 | 6,761 |
Total assets | 321,455 | 413,712 |
Current liabilities: | ' | ' |
Accounts payable and accrued expenses | 24,372 | 37,703 |
Accrued payroll and related liabilities | 14,378 | 18,406 |
Deferred revenue | 24,809 | 26,527 |
Current portion of long-term debt and capital lease obligations | 30,145 | 28,657 |
Total current liabilities | 93,704 | 111,293 |
Long-term debt and capital lease obligations, less current portion | 117,384 | 138,939 |
Other liabilities | 1,124 | 2,378 |
Stockholdersb equity: | ' | ' |
Additional paid-in capital | 340,814 | 334,058 |
Accumulated other comprehensive income | 27 | 50 |
Accumulated deficit | -232,186 | -173,589 |
Total stockholdersb equity | 109,243 | 161,102 |
Total liabilities and stockholdersb equity | 321,455 | 413,712 |
Class A Common Stock | ' | ' |
Stockholdersb equity: | ' | ' |
Common stock, value | 538 | 531 |
Total stockholdersb equity | 538 | 531 |
Class B Common Stock | ' | ' |
Stockholdersb equity: | ' | ' |
Common stock, value | 50 | 52 |
Total stockholdersb equity | $50 | $52 |
Consolidated_Balance_Sheets_Pa
Consolidated Balance Sheets (Parenthetical) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, except Share data, unless otherwise specified | ||
Accounts receivable, allowance | $388 | $394 |
Property and equipment, accumulated depreciation and amortization | 73,068 | 72,050 |
Software development costs, accumulated amortization | 1,791 | 27,317 |
Acquired intangible assets, accumulated amortization | $10,173 | $9,895 |
Class A Common Stock | ' | ' |
Common Stock, par value | $0.01 | $0.01 |
Common Stock, shares authorized | 225,000,000 | 225,000,000 |
Common Stock, shares issued | 53,763,871 | 53,037,097 |
Common Stock, shares outstanding | 53,763,871 | 53,037,097 |
Class B Common Stock | ' | ' |
Common Stock, par value | $0.01 | $0.01 |
Common Stock, shares authorized | 75,000,000 | 75,000,000 |
Common Stock, shares issued | 4,997,769 | 5,247,769 |
Common Stock, shares outstanding | 4,997,769 | 5,247,769 |
Consolidated_Statements_of_Ope
Consolidated Statements of Operations (USD $) | 12 Months Ended | ||
In Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Revenue | ' | ' | ' |
Services | $281,389 | $305,118 | $303,921 |
Systems | 80,902 | 182,266 | 121,491 |
Total revenue | 362,291 | 487,384 | 425,412 |
Direct costs of revenue | ' | ' | ' |
Direct cost of services | 156,285 | 178,317 | 170,977 |
Direct cost of systems | 67,038 | 148,860 | 103,198 |
Total direct cost of revenue | 223,323 | 327,177 | 274,175 |
Services gross profit | 125,104 | 126,801 | 132,944 |
Systems gross profit | 13,864 | 33,406 | 18,293 |
Total gross profit | 138,968 | 160,207 | 151,237 |
Operating costs and expenses | ' | ' | ' |
Research and development expense | 34,308 | 36,602 | 37,098 |
Sales and marketing expense | 28,495 | 30,753 | 29,394 |
General and administrative expense | 54,689 | 54,277 | 46,218 |
Depreciation and amortization of property and equipment | 14,853 | 14,245 | 12,135 |
Amortization of acquired intangible assets | 4,570 | 4,374 | 5,535 |
Impairment of goodwill and long-lived assets | 31,977 | 125,703 | ' |
Total operating costs and expenses | 168,892 | 265,954 | 130,380 |
Income (loss) from operations | -29,924 | -105,747 | 20,857 |
Interest expense | -8,262 | -7,383 | -7,283 |
Amortization of deferred financing fees | -3,403 | -757 | -798 |
Gain (loss) on early retirement of debt | -178 | 431 | ' |
Other income (expense), net | -239 | -23 | -360 |
Income (loss) before income taxes | -42,006 | -113,479 | 12,416 |
Benefit (provision) for income taxes | -16,591 | 15,491 | -5,412 |
Net income (loss) | ($58,597) | ($97,988) | $7,004 |
Net income (loss) per share-basic | ($1) | ($1.69) | $0.12 |
Net income (loss) per share-diluted | ($1) | ($1.69) | $0.12 |
Weighted average shares outstanding-basic | 58,611 | 57,889 | 56,722 |
Weighted average shares outstanding-diluted | 58,611 | 57,889 | 58,581 |
Consolidated_Statements_of_Com
Consolidated Statements of Comprehensive Income (Loss) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Net income (loss) | ($58,597) | ($97,988) | $7,004 |
Other comprehensive income (loss): | ' | ' | ' |
Foreign currency translation adjustment | -17 | -7 | 1 |
Unrealized gain (loss) on securities: | ' | ' | ' |
Arising during the period | 1 | 38 | 26 |
Reclassification to net income (loss) | -7 | -13 | -25 |
Net unrealized gain (loss) | -6 | 25 | 1 |
Other comprehensive income (loss) | -23 | 18 | 2 |
Comprehensive income (loss) | ($58,620) | ($97,970) | $7,006 |
Consolidated_Statements_of_Sto
Consolidated Statements of Stockholders' Equity (USD $) | Total | Class A Common Stock | Class B Common Stock | Additional Paid-in Capital | Accumulated Other Comprehensive Income (Loss) | Accumulated Deficit |
In Thousands | ||||||
Balance at Dec. 31, 2010 | $215,545 | $478 | $57 | $297,585 | $30 | ($82,605) |
Issuance of 3,000,000 shares of Class A Common Stock in connection with the acquisition of the Trident Space & Defense, LLC | 12,270 | 30 | ' | 12,240 | ' | ' |
Options exercised for the purchase of shares of Class A Common Stock | 427 | 5 | ' | 422 | ' | ' |
Issuance of Class A Common Stock under Employee Stock Purchase Plan | 1,082 | 3 | ' | 1,079 | ' | ' |
Issuance of Restricted Class A Common Stock | 1 | 1 | ' | ' | ' | ' |
Conversion of Class B Common Stock to Class A Common Stock | ' | 4 | -4 | ' | ' | ' |
Stock-based compensation expense | 9,672 | ' | ' | 9,672 | ' | ' |
Excess tax (deficit) benefit from share-based payment arrangements | 4,746 | ' | ' | 4,746 | ' | ' |
Net unrealized gain (loss) on securities and other | 2 | ' | ' | ' | 2 | ' |
Net income (loss) | 7,004 | ' | ' | ' | ' | 7,004 |
Balance at Dec. 31, 2011 | 250,749 | 521 | 53 | 325,744 | 32 | -75,601 |
Options exercised for the purchase of shares of Class A Common Stock | 132 | ' | ' | 132 | ' | ' |
Issuance of Class A Common Stock under Employee Stock Purchase Plan | 868 | 6 | ' | 862 | ' | ' |
Issuance of Restricted Class A Common Stock | 3 | 3 | ' | ' | ' | ' |
Surrender of shares of Restricted Class A Common Stock | -191 | ' | ' | -191 | ' | ' |
Conversion of Class B Common Stock to Class A Common Stock | ' | 1 | -1 | ' | ' | ' |
Stock-based compensation expense | 9,021 | ' | ' | 9,021 | ' | ' |
Excess tax (deficit) benefit from share-based payment arrangements | -1,510 | ' | ' | -1,510 | ' | ' |
Net unrealized gain (loss) on securities and other | 18 | ' | ' | ' | 18 | ' |
Net income (loss) | -97,988 | ' | ' | ' | ' | -97,988 |
Balance at Dec. 31, 2012 | 161,102 | 531 | 52 | 334,058 | 50 | -173,589 |
Options exercised for the purchase of shares of Class A Common Stock | 182 | 1 | ' | 181 | ' | ' |
Issuance of Restricted Class A Common Stock | ' | 6 | ' | -6 | ' | ' |
Surrender of shares of Restricted Class A Common Stock | -457 | -2 | ' | -455 | ' | ' |
Conversion of Class B Common Stock to Class A Common Stock | ' | 2 | -2 | ' | ' | ' |
Stock-based compensation expense | 7,036 | ' | ' | 7,036 | ' | ' |
Net unrealized gain (loss) on securities and other | -23 | ' | ' | ' | -23 | ' |
Net income (loss) | -58,597 | ' | ' | ' | ' | -58,597 |
Balance at Dec. 31, 2013 | $109,243 | $538 | $50 | $340,814 | $27 | ($232,186) |
Consolidated_Statements_of_Sto1
Consolidated Statements of Stockholders' Equity (Parenthetical) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Issuance of Class A Common Stock in Connection with the acquisition | ' | ' | 3,000,000 |
Options exercised for the purchase of class A common stock | 96,267 | 54,921 | 488,337 |
Issuance of class A common stock under employee stock purchase plan | ' | 583,034 | 311,581 |
Issuance of restricted class A common stock | 639,232 | 301,053 | 54,844 |
Conversion of Class B Common Stock to Class A Common Stock, shares | 250,000 | 100,000 | 393,565 |
Consolidated_Statements_of_Cas
Consolidated Statements of Cash Flows (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Operating activities: | ' | ' | ' |
Net income (loss) | ($58,597) | ($97,988) | $7,004 |
Adjustments to reconcile net income/(loss) to net cash provided by operating activities: | ' | ' | ' |
Impairment of goodwill and long-lived assets | 31,977 | 125,703 | ' |
Depreciation and amortization of property and equipment | 14,853 | 14,245 | 12,135 |
Amortization of software development costs | 7,466 | 7,660 | 10,771 |
Stock-based compensation expense | 7,036 | 9,021 | 9,672 |
Amortization of acquired intangible assets | 4,570 | 4,374 | 5,535 |
Deferred tax provision (benefit) | 16,046 | -15,691 | 4,428 |
Excess tax deficit (benefit) from share-based payment arrangements | ' | 1,510 | -4,746 |
Amortization of investment premiums and accretion of discounts, net | 246 | 425 | 931 |
Loss (gain) on early retirement of debt | 178 | -431 | ' |
Amortization of deferred financing fees | 3,403 | 757 | 798 |
Other non-cash adjustment | -1,339 | 968 | 1,539 |
Changes in operating assets and liabilities: | ' | ' | ' |
Accounts receivable, net | 37,202 | -16,062 | -10,258 |
Unbilled receivables | 7,086 | 8,768 | 1,111 |
Inventory | 1,194 | -3,941 | -1,703 |
Deferred project costs and other current assets | 108 | 1,376 | -2,251 |
Other assets | -2,772 | 1,316 | 3,882 |
Accounts payable and accrued expenses | -13,464 | -10,441 | 779 |
Accrued payroll and related liabilities | -4,028 | 1,063 | 2,804 |
Deferred revenue | -1,718 | 5,184 | -5,893 |
Other liabilities | -1,254 | 108 | -4,890 |
Subtotal b Changes in operating assets and liabilities | 22,354 | -12,629 | -16,419 |
Net cash provided by operating activities | 48,193 | 37,924 | 31,648 |
Investing activities: | ' | ' | ' |
Acquisitions, net of cash acquired | ' | -20,786 | -16,066 |
Purchases of property and equipment | -10,736 | -17,761 | -21,090 |
Purchases of marketable securities | -12,697 | -6,630 | -24,104 |
Proceeds from sale and maturity of marketable securities | 7,316 | 10,587 | 40,250 |
Capitalized software development costs | -1,954 | -1,881 | -2,478 |
Net cash used in investing activities | -18,071 | -36,471 | -23,488 |
Financing activities: | ' | ' | ' |
Payments on bank borrowings, notes payable, and capital lease obligations | -91,066 | -55,664 | -25,024 |
Proceeds from bank and other borrowings | 66,500 | 54,500 | 9,500 |
Excess tax (deficit) benefit from share-based payment arrangements | ' | -1,510 | 4,746 |
Earn-out payment related to 2009 acquisition | ' | -3,863 | -3,213 |
Payments of tax withholdings on restricted stock | -457 | ' | ' |
Proceeds from exercise of employee stock options and sale of stock | 182 | 809 | 1,509 |
Net cash used in financing activities | -24,841 | -5,728 | -12,482 |
Net increase (decrease) in cash | 5,281 | -4,275 | -4,322 |
Cash and cash equivalents at the beginning of the year | 36,623 | 40,898 | 45,220 |
Cash and cash equivalents at the end of the year | $41,904 | $36,623 | $40,898 |
Significant_Accounting_Policie
Significant Accounting Policies | 12 Months Ended | |||||||||||
Dec. 31, 2013 | ||||||||||||
Significant Accounting Policies | ' | |||||||||||
1. Significant Accounting Policies | ||||||||||||
Description of Business | ||||||||||||
TeleCommunication Systems, Inc. develops and delivers highly reliable and secure wireless communication technology. While we manage and have historically reported two business segments, digital wireless voice and data communication technology is converging, so engineers from either segment are increasingly collaborating to address solution needs for customers of the other segment. We report two operating segments, Government (53% of 2013 revenue) and Commercial (47% of 2013 revenue). | ||||||||||||
Government Segment: We provide professional services including field support of deployable wireless systems and cybersecurity training to the U.S. Department of Defense and other government and foreign customers. We own and operate secure satellite teleport facilities, resell access to satellite airtime (known as space segment), and design, furnish, install and operate wireless communication systems and components, including our SwiftLink® deployable communication systems which integrate high speed, satellite, and, internet protocol technology with secure, federal government-approved cryptologic devices. | ||||||||||||
Commercial Segment: We are one of two leading companies that enable 9-1-1 call routing via cellular, Voice over Internet Protocol, and next generation technology. Other TCS hosted and managed services include cellular carrier infrastructure for text messaging and location-based platforms and applications, including turn-by-turn navigation. Commercial segment customers include wireless carrier network operators, Voice over Internet Protocol service providers, wireless device manufacturers, automotive industry suppliers, and state and local governments. | ||||||||||||
Use of Estimates. The preparation of financial statements in conformity with accounting principles generally accepted in the U.S. requires management to make estimates and assumptions that affect the reported amounts and related disclosures. Significant estimates and assumptions in these consolidated financial statements include estimates used in revenue recognition, fair value of business combinations, fair value associated with goodwill, intangible assets and long-lived asset impairment tests, estimated values of software development costs, income taxes and deferred tax valuation allowances, the fair value of marketable securities and stock based compensation, and legal and contingent liabilities. Actual results could differ from those estimates. | ||||||||||||
In 2013, TCS’s Platforms and Applications reporting unit’s goodwill and long-lived assets with a carrying value of $65,406 were written down to estimated fair value of $33,429, resulting in an impairment charge of $31,977 to goodwill and long-lived assets. We valued the existing technology using a discounted cash flow method to determine whether a write-down was necessary, and after concluding that a write-down was necessary, used a relief from royalty method to value the licensable technology. We then used a discounted cash flow method to determine the fair value of our Platforms and Applications reporting unit. | ||||||||||||
A summary of the impairment charge is set forth below: | ||||||||||||
Carrying | ||||||||||||
Value | ||||||||||||
January 1, | Fair Value | Total | ||||||||||
2013 | December 31, | |||||||||||
2013 | Impairment | |||||||||||
Charge | ||||||||||||
Goodwill – Platforms and Applications | $ | 36,121 | $ | 27,912 | $ | 8,209 | ||||||
Property and equipment, including capitalized software for internal use | 18,082 | 5,517 | 12,565 | |||||||||
Software development costs | 9,270 | — | 9,270 | |||||||||
Acquired intangible assets | 599 | — | 599 | |||||||||
Other assets | 1,334 | — | 1,334 | |||||||||
$ | 65,406 | $ | 33,429 | $ | 31,977 | |||||||
In 2012, TCS’s Navigation reporting unit’s goodwill and long-lived assets with a carrying value of $164,500 were written down to estimated fair value of $38,797, resulting in an impairment charge of $125,703 to Goodwill, Acquired intangibles, and Long-lived (fixed) assets. We used a discounted cash flow model to determine the fair value of goodwill and an income approach to determine the fair values of acquired intangibles, capitalized software, and long-lived assets. | ||||||||||||
Principles of Consolidation. The accompanying financial statements include the accounts of our wholly owned subsidiaries. All intercompany balances and transactions have been eliminated in consolidation. | ||||||||||||
Cash and Cash Equivalents. Cash and cash equivalents include cash and highly liquid investments with a maturity of three months or less when purchased. Cash equivalents are reported at fair value, which approximates cost. | ||||||||||||
Marketable Securities. Our marketable securities are classified as available-for-sale. Our primary objectives when investing are to preserve principal, maintain liquidity, and obtain higher yield. Our intent is not specifically to invest and hold securities with longer term maturities. We have the ability and intent, if necessary, to liquidate any of these investments in order to meet our operating needs within the next twelve months. The securities are carried at fair market value based on quoted market price with net unrealized gains and losses in stockholders’ equity as a component of accumulated other comprehensive income. If we determine that a decline in fair value of the marketable securities is other than temporary, a realized loss would be recognized in earnings. Gains or losses on securities sold are based on the specific identification method and are recognized in earnings. We recorded immaterial net gains on the sale and maturity of marketable securities for the years ended December 31, 2013, 2012, and 2011 in Other income (expense), net. | ||||||||||||
Allowances for Doubtful Accounts Receivable. Substantially all of our accounts receivable are trade receivables generated in the ordinary course of our business. We use estimates to determine the amount of the allowance for doubtful accounts necessary to reduce accounts receivable to their expected net realizable value. We estimate the amount of the required allowance by reviewing the status of significant past-due receivables and by establishing provisions for estimated losses by analyzing current and historical bad debt trends. Changes to our allowance for doubtful accounts are recorded as a component of general and administrative expenses in our accompanying Consolidated Statements of Operations. Our credit and collection policies and the financial strength of our customers are critical to us in maintaining a relatively small amount of write-offs of receivables. We generally do not require collateral from or enter netting agreements with our customers. Receivables that are ultimately deemed uncollectible are charged-off as a reduction of receivables and the allowance for doubtful accounts. | ||||||||||||
Inventory. We maintain inventory of component parts and finished product for our deployable communications systems. Inventory is stated at the lower of cost or market value. Cost is based on the weighted average method. The cost basis for finished units includes manufacturing cost. | ||||||||||||
Property and Equipment. Property and equipment represents costs associated with our investment in information technology and telecommunications equipment, software, furniture and fixtures, leasehold improvements, as well as capitalized software developed for internal use, including hosted applications. Property and equipment is stated at cost less accumulated depreciation. Depreciation is computed using the straight-line method based on the estimated useful lives of the assets, generally five years for furniture, fixtures, and leasehold improvements and three to seven years for other types of assets including computers, software, and telephone equipment. | ||||||||||||
The carrying value of property and equipment is reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset or group of assets may not be fully recoverable. If an impairment indicator is present, we evaluate recoverability by a comparison of the carrying amount of the assets to future undiscounted net cash flows that we expect to generate from these assets. If the assets are impaired, we recognize an impairment charge equal to the amount by which the carrying amount exceeds the fair value of the assets using the appropriate valuation technique of market, income or cost approach. Assets to be disposed of are reported at the lower of carrying values or fair values, less estimated costs of disposal. | ||||||||||||
In 2013 and 2012, after adjusting projections for decreased expected revenue from services supported by our capitalized software for internal use included in property and equipment, we evaluated the recoverability of our Platforms and Applications and Navigation reporting units’ fixed assets, respectively, by comparing the carrying amount of the assets to future undiscounted net cash flows that we expect to generate from these assets. As a result of our review, we recorded an impairment charge of $12,565 and $12,987, respectively. No impairment charges were recorded in 2011. | ||||||||||||
Goodwill. Goodwill represents the excess of cost over the fair value of assets of acquired businesses. Goodwill is not amortized, but instead is evaluated for impairment in the fourth quarter of each year, or sooner should there be an indicator of impairment. We may assess qualitative factors to determine whether it is more likely than not an event or circumstance might indicate the fair value of the reporting unit is less than its carrying value. Such indicators include a sustained, significant decline in the Company’s stock price and market capitalization, a decline in the Company’s expected future cash flows, a significant adverse change in legal factors or in the business climate, unanticipated competition, and/or slower expected growth, among others. After completing our assessment of such qualitative factors, and if it is determined that it is more likely than not that the fair value of a reporting unit is less than its carrying value we perform a two-step process. The first step requires a comparison of the book value of net assets to the fair value of the reporting units that have goodwill assigned to them. If the fair value is determined to be less than the book value, a second step is performed to compute the amount of the impairment. In the second step, a fair value for goodwill is estimated, based in part on the fair value of the reporting unit used in the first step, and is compared to its carrying value. The shortfall of the fair value below carrying value, if any, would represent the amount of goodwill impairment. | ||||||||||||
For goodwill impairment testing, we have four reporting units. In 2013, we reorganized the Commercial Segment in order to better conform and integrate the product lines and create efficiencies, so that one management team is now responsible for all Commercial Platforms & Applications other than the 9-1-1 Safety and Security part of the Commercial Segment. Previously, our Commercial Segment was comprised of Navigation and Other Commercial reporting units. Our two Government Segment reporting units, the Government Solutions Group (“GSG”) unit and the Cyber Intelligence unit, remain the same. | ||||||||||||
In 2013, we recorded an $8,209 impairment charge for the excess of the carrying value of goodwill over the estimated fair value of our Platform and Applications reporting unit. In 2012, we recorded an $86,332 impairment charge for the excess of the carrying value of goodwill over the estimated fair value of our Navigation reporting unit. See Note 9 for additional details. No impairment charges were recorded in 2011. | ||||||||||||
Software Development Costs. Acquired technology, representing the estimated value of the proprietary technology acquired, has been recorded as capitalized software development costs. We also capitalize software development costs after we establish technological feasibility, and amortize those costs over the estimated useful lives of the software beginning on the date when the software is available for general release. | ||||||||||||
Costs are capitalized when technological feasibility has been established. For new products, technological feasibility is established when an operative version of the computer software product is completed in the same software language as the product to be ultimately marketed, performs all the major functions planned for the product, and has successfully completed initial customer testing. Technological feasibility for enhancements to an existing product is established when a detail program design is completed. Costs that are capitalized include direct labor and other direct costs. These costs are amortized on a product-by-product basis using the straight-line method over the product’s estimated useful life, between three and five years. Amortization is also computed using the ratio that current revenue for the product bears to the total of current and anticipated future revenue for that product (the revenue curve method). If this revenue curve method results in amortization greater than the amount computed using the straight-line method, amortization is recorded at that greater amount. Our policies to determine when to capitalize software development costs and how much to amortize in a given period require us to make subjective estimates and judgments. If our software products do not achieve the level of market acceptance that we expect and our future revenue estimates for these products change, the amount of amortization that we record may increase compared to prior periods. The amortization of capitalized software development costs is recorded as a cost of revenue. Amortization of capitalized software developments costs included in direct costs of services and systems were respectively $2,527 and 4,939 in 2013, $2,692 and 4,971 in 2012, and $6,901 and $3,870 in 2011. The decrease in capitalized software development costs included in services is directly related to the 2012 write-down of capitalized software development costs associated with the Navigation reporting unit. | ||||||||||||
Acquired technology is amortized over the product’s estimated useful life based on the valuation procedures performed at the time of the acquisition. Amortization is calculated using the straight-line method or the revenue curve method, whichever is greater. | ||||||||||||
We also capitalize costs related to software developed or obtained for internal use when management commits to funding the project and the project completes the preliminary project stage. Capitalization of such costs ceases when the project is substantially complete and ready for its intended use. Capitalized software developed for internal use is reported as part of property and equipment on our Consolidated Balance Sheets. | ||||||||||||
During 2013, we recognized a software development cost impairment charge of $9,270 after determining that costs related to our Platforms and Applications reporting unit were not recoverable based on decreased expected revenue from products using the software. During 2012, we recognized a software development cost impairment charge of $12,420 after determining that costs related our Navigation reporting were not recoverable based on decreased projected revenues and sales pipeline. No impairment charges were recorded in 2011. | ||||||||||||
Acquired Intangible Assets. Our acquired intangible assets have useful lives of four to nineteen years, including assets acquired in 2009 and 2012. We are amortizing these assets using the straight-line method. We have not incurred costs to renew or extend the term of acquired intangible assets. | ||||||||||||
We evaluate acquired intangible assets when events or changes in circumstances indicate that the carrying values of such assets might not be recoverable. Our review of factors present and the resulting appropriate carrying value of our acquired intangible assets are subject to judgments and estimates by management. Future events such as a significant underperformance relative to historical or projected future operating results, significant changes in the manner of our use of the acquired assets, and significant negative industry or economic trends could cause us to conclude that impairment indicators exist and that our acquired intangible assets might be impaired. In 2013, after adjusting projections for uncertainty at a significant customer, we recorded an impairment charge of $599 to acquired intangible assets related to our Platforms and Applications reporting unit. During the second quarter of 2012, after adjusting projections for the impact of a customer contract renegotiation, we recorded an impairment charge of $13,964 to acquired intangible assets related to our Navigation reporting unit. No impairment charges were recorded in 2011. | ||||||||||||
Deferred Compensation Plan. We have a non-qualified deferred compensation arrangement to fund certain supplemental executive retirement and deferred income plans. Under the terms of the arrangement, the participants may elect to defer the receipt of a portion of their compensation and each participant directs the manner in which their investments are deemed invested. The funds are held by us in a rabbi trust which include fixed income funds, equity securities, and money market accounts, or other investments for which there is an active quoted market, and are classified as trading securities. At December 31, 2013 and 2012, funds of $1,003 and $690, respectively, were included in Other assets and the deferred compensation liability of $637 and $394, respectively, were included in Other long-term liabilities on the Consolidated Balance Sheets. | ||||||||||||
Revenue Recognition. We recognize revenue when all of the following criteria are met: (i) persuasive evidence of an arrangement exists, (ii) delivery has occurred, (iii) the fee is fixed or determinable, and (iv) the fee is probable of collection. | ||||||||||||
Revenue is reported as described below: | ||||||||||||
Services Revenue. Revenue from hosted and subscriber services consists of monthly recurring service fees and is recognized in the month earned. Maintenance fees are generally collected in advance and recognized ratably over the maintenance period. Services revenue for consulting, training and the design, development, deployment, field support and maintenance of communication systems is generated under time and materials contracts, cost plus fee contracts, or fixed price contracts. Revenue is recognized under time and materials contracts and cost plus fee contracts as billable costs are incurred. Fixed-price service contracts are accounted for using the proportional performance method. These contracts generally allow for monthly billing or billing upon achieving certain specified milestones. | ||||||||||||
Systems Revenue. We design, develop, and deploy custom communications products, components, and systems. Custom systems typically contain multiple elements, which may include hardware, installation, integration, and product licenses, which are either incidental or provide essential functionality. | ||||||||||||
We allocate the fees in a multi-element arrangement to each element based on the relative fair value of each element, using vendor-specific objective evidence (“VSOE”) of the fair value of each of the elements, if available. VSOE is generally determined based on the price charged when an element is sold separately. In the absence of VSOE of fair value, the fee is allocated among each element based on third-party evidence (“TPE”) of fair value, which is determined based on competitor pricing for similar deliverables when sold separately. When we are unable to establish fair value using VSOE or TPE, we use estimated selling price (“ESP”) to allocate value to each element. The objective of ESP is to determine the price at which we would transact a sale if the product or service were sold separately. We determine ESP for deliverables by considering multiple factors including, but not limited to, prices it charges for similar offerings, market conditions, competitive landscape, and pricing practices. | ||||||||||||
Fees from the development and implementation of custom systems are generally performed under time and materials and fixed fee contracts. Revenue is recognized under time and materials contracts and cost plus fee contracts as billable costs are incurred. Fixed-price product delivery contracts are accounted for using the percentage-of-completion or proportional performance method, measured either by total costs incurred as a percentage of total estimated costs at the completion of the contract, or direct labor costs incurred compared to estimated total direct labor costs for projects for which third-party hardware represents a significant portion of the total estimated costs. These contracts generally allow for monthly billing or billing upon achieving certain specified milestones. Any estimated losses under long-term contracts are recognized in their entirety at the date that it becomes probable of occurring. Revenue from hardware sales to monthly subscriber customers is recognized as systems revenue. We have contracts and purchase orders where revenue is recognized at the time products or services are delivered, or when the product is shipped and the risk of the loss is transferred to the buyer, net of discounts. | ||||||||||||
Software licenses are generally perpetual licenses for a specified number of users that allow for the purchase of annual maintenance at a specified rate. All fees are recognized as revenue when the four criteria described above are met. For multiple element arrangements that contain only software and software-related elements, we allocate the fees to each element based on the VSOE of fair value of each element. Systems containing software licenses include a 90-day warranty for defects. We have not incurred significant warranty costs on any software product to date, and no costs are currently accrued upon recording the related revenue. | ||||||||||||
Revenue generated from our intellectual property consists of patent infringement liabilities, upfront and non-refundable license fees, royalty fees, and sales of our patents. Revenue from upfront and non-refundable payments is recognized when the arrangement is executed. When patent licensing arrangements include royalties for future sales of products using our licensed patented technology, revenue is recognized when earned during the applicable period. Due to the nature of some of the agreements it may be difficult to establish VSOE of separate elements of an agreement, in these circumstances the appropriate recognition of revenue may require the use of judgment based on the particular facts and circumstances. In all cases, revenue from the licensing of our intellectual property is recognized when all of four of the revenue recognition criteria are met, and included in Commercial systems revenue. | ||||||||||||
When a customer is billed or we receive payment and we have not met all of the criteria for revenue recognition, the billed or paid amount is recorded as deferred revenue on our consolidated balance sheet. As the revenue recognition criteria are met, the deferred amounts are recognized as revenue. We defer direct project costs incurred in certain situations as dictated by authoritative accounting literature. We classify deferred revenue and deferred project costs on the consolidated balance sheet as either current or long-term depending on the expected product delivery dates or service coverage periods. Long-term deferred revenue is included in other liabilities and long-term deferred project costs are included in other assets on our Consolidated Balance Sheets. | ||||||||||||
Under our contracts with the U.S. Government for both systems and services, contract costs, including the allocated indirect expenses, are subject to audit and adjustment by the Defense Contract Audit Agency. We record revenue under these contracts at estimated net realizable amounts. | ||||||||||||
Advertising Costs. Advertising costs are expensed as incurred. Advertising expense totaled $104, $69, and $128, for the years ended December 31, 2013, 2012, and 2011, respectively. | ||||||||||||
Capitalized Interest. Total interest incurred, including amortization of deferred financing fees, was $11,780, $8,278, and $8,249 for the years ended December 31, 2013, 2012, and 2011, respectively. Approximately $115, $138, and $168 of total interest incurred was capitalized as a component of software development costs during the year ended December 31, 2013, 2012, and 2011 respectively. | ||||||||||||
Stock-Based Compensation. We have two stock-based employee compensation plans, which are described more fully in Note 18. Both the incentive stock option plan and the employee stock purchase plan are considered equity plans. The fair value of stock option grants are estimated on the date of grant using a Black-Scholes option-pricing model and expensed on a straight-line basis over the requisite service period of the options, which is generally three to five years. The employee stock purchase plan gives all employees an opportunity to purchase shares of our Class A common stock at a discount of 15% of the fair market value. | ||||||||||||
Research and Development Expense. We incur research and development costs which are primarily comprised of compensation expenses for engineers engaged in the development and enhancement of software and integrated system products. Research and development cost is expensed as incurred or accounted for as set forth in “Software Development Cost” above. | ||||||||||||
Income Taxes. We account for income taxes in accordance with ASC 740, Accounting for Income Taxes. Deferred tax assets and liabilities are computed based on the difference between the financial statement and income tax basis of assets and liabilities using enacted tax rates. Upon the adoption of ASC 740 on January 1, 2007, the estimated value of the Company’s uncertain tax positions was a liability of approximately $2,700 resulting from unrecognized net tax benefits which did not include interest and penalties and increased to $4,780 as of December 31, 2013. We recorded the estimated value of uncertain tax positions by reducing the value of certain tax attributes. We would classify any interest and penalties accrued on any unrecognized tax benefits as a component of the provision for income taxes. There were no interest or penalties recognized in the Consolidated Statements of Operations for 2013 and the Consolidated Balance Sheets at December 31, 2013. We do not currently anticipate that the total amounts of unrecognized tax benefits will significantly increase within the next 12 months. We file income tax returns in U.S. and various state and foreign jurisdictions. As of December 31, 2013, open tax years in the federal and some state jurisdictions date back to 1996, due to the taxing authorities’ ability to adjust operating loss carryforwards. | ||||||||||||
The accounting standards require that the net deferred tax asset be reduced by a valuation allowance if, based on the weight of available evidence, it is more likely than not that some portion of the net deferred tax asset will not be realized. This process requires management to make assessments regarding the timing and probability of the ultimate tax impact and to record valuation allowances on deferred tax assets if determined it is more likely than not that the asset will not be realized. Management also establishes reserves for uncertain tax positions based upon management’s judgment regarding potential future challenges to those positions. Actual income taxes could vary from these estimates due to future changes in income tax law, significant changes in the jurisdictions in which the Company operates, our inability to generate sufficient future taxable income or unpredicted results from the final determination of each year’s liability by taxing authorities. These changes could have a significant impact on the Company’s financial position. | ||||||||||||
Deferred tax assets consist primarily of net operating loss and tax credit carryforwards as well as deductible temporary differences. Prior to 2008 and at December 31, 2013, we provided a full valuation allowance for deferred tax assets based on management’s evaluation that our ability to realize such assets did not meet the criteria of “more likely than not”. We continuously evaluate additional facts representing positive and negative evidence in determining our ability to realize the deferred tax assets. | ||||||||||||
Other Comprehensive Income. Other comprehensive income (loss) refers to revenue, expenses, gains and losses that under GAAP are included as a component of shareholders’ equity but are excluded from net income. Other comprehensive income consists of foreign currency translation adjustments and unrealized gains and losses on marketable securities classified as available-for-sale. | ||||||||||||
Fair Value Measurements. We apply valuation techniques, such as the market approach (comparable market prices), the income approach (present value of future income or cash flows), and the cost approach (cost to replace the service capacity of an asset or replacement cost) and uses a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value into three broad levels. The following is a brief description of those three levels: | ||||||||||||
Level 1: Observable inputs such as quoted prices (unadjusted) in active markets for identical assets or liabilities. | ||||||||||||
Level 2: Inputs other than quoted prices that are observable for the asset or liability, either directly or indirectly. These include quoted prices for similar assets or liabilities in active markets and quoted prices for identical or similar assets or liabilities in markets that are not active. | ||||||||||||
Level 3: Observable inputs that reflect the reporting entity’s own assumptions. | ||||||||||||
Our major categories of financial assets and liabilities subject to fair value measurements, including cash and cash equivalents and marketable securities that are held as available-for-sale, are measured on a recurring basis. Certain assets and liabilities, including long-lived assets, intangible assets and goodwill, are measured at fair value on a non-recurring basis. Additional disclosures regarding our fair value measurements are included in Note 15. | ||||||||||||
Recent Accounting Pronouncements. In February 2013, the FASB amended the disclosure requirements regarding the reporting of amounts reclassified out of accumulated other comprehensive income. The amendment does not change the current requirement for reporting net income or other comprehensive income, but requires additional disclosures about significant amounts reclassified out of accumulated other comprehensive income including the effect of the reclassification on the related net income line items. This amendment was adopted prospectively effective January 1, 2013. | ||||||||||||
In March 2013, the FASB amended guidance related to a parent company’s accounting for the release of the cumulative translation adjustment into net income upon derecognition of certain subsidiaries or groups of assets within a foreign entity or of an investment in a foreign entity. This guidance is effective for fiscal periods beginning after December 15, 2013, and is to be applied prospectively to derecognition events occurring after the effective date. We do not anticipate the adoption of this amendment will have a material impact on our financial statements. | ||||||||||||
In July 2013, the FASB amended guidance related to income taxes and the presentation of an unrecognized tax benefit when a net operating loss carryforward, a similar loss, or a tax credit carryforward exists. Under certain circumstances, unrecognized tax benefits should be presented in the financial statements as a reduction to a deferred tax asset for a net operating loss carryforward, a similar tax loss or a tax credit carryforward. This pronouncement is effective for fiscal years, and interim periods within those years, beginning after December 15, 2013, with early adoption permitted. We do not expect this pronouncement to have a material effect on our consolidated financial statements. |
Acquisitions
Acquisitions | 12 Months Ended |
Dec. 31, 2013 | |
Acquisitions | ' |
2. Acquisitions | |
On July 6, 2012, we acquired all of the outstanding shares of privately-held microDATA, GIS, Inc. (“microDATA”), in accordance with a Purchase and Sale Agreement. The microDATA acquisition was accounted for using the acquisition method; accordingly, the total purchase price was $35,544 comprised of $20,786 in cash, net of cash acquired, and $14,250 in promissory notes, and performance-based earn-out opportunities. microDATA’s operating results are reflected in the consolidated financial statements and are integrated into the Commercial Segment. The acquisition cash was funded by incremental bank debt; see Note 12. The valuation has resulted in $22,032 of goodwill, which will be deductible for tax purposes over 15 years. | |
Effective January 31, 2011, we completed our acquisition of the outstanding ownership units of Trident Space & Defense, LLC (“Trident”.) The Trident acquisition was accounted for using the acquisition method; accordingly, the total purchase price was allocated to the acquired assets and assumed liabilities based on management’s preliminary determination of the fair values as of January 31, 2011. The purchase price was $29,460, comprised of $17,190 paid in cash and 3,000 Class A common shares valued at $12,270. The total purchase price was allocated based on the estimated fair value of the acquired tangible and intangible assets and assumed liabilities, with the excess of the purchase price over the assets acquired and liabilities assumed being allocated to goodwill. The valuation has resulted in the recognition of $17,607 of goodwill, which will be deductible for tax purposes. | |
There were no material business acquisitions completed in 2013. |
Income_Per_Share
Income Per Share | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Income Per Share | ' | ||||||||||||
3. Income Per Share | |||||||||||||
Basic income per share is based upon the average number of shares of common stock outstanding during the period. Stock options and restricted stock to purchase approximately 14,300, 23,500, and 9,500 shares were excluded from the computation of diluted net income per share because their inclusion would have been anti-dilutive for 2013, 2012, and 2011, respectively. | |||||||||||||
For 2013, 2012, and 2011, shares issuable upon conversion of convertible debt were excluded from the computation of diluted net income per share because their inclusion would have been anti-dilutive. Concurrent with the issuance of the convertible notes we entered into convertible note hedge and warrant transactions. If the Company’s share price is greater than the warrant exercise price of $12.74 per share for any period presented, the warrants would be dilutive to the Company’s earnings per share. The convertible note hedge is excluded from the calculation of diluted earnings per share as the impact is always considered anti-dilutive since the call option would be exercised by us when the exercise price is lower than the market price. For the years ended December 31, 2013, 2012, and 2011, the Company’s share price was less than the warrant exercise price of $12.74, therefore no value was assigned to the warrants in the table below because the effect of their inclusion would have been anti-dilutive. | |||||||||||||
These potentially dilutive securities consist of stock options, and restricted stock, discussed in Notes 1 and 18, using the treasury-stock method and from convertible notes as discussed in Note 12, using the “if converted” method. | |||||||||||||
Our two classes of common stock (Class A and B) share equally in dividends declared or accumulated and have equal participation rights in undistributed earnings. Additionally our unvested restricted stock does not contain non-forfeitable rights to dividends and dividend equivalents. As such, unvested shares of restricted stock are not participating securities and our basic and diluted earnings per share are not impacted by the two class method of computing earnings per share. | |||||||||||||
The following table summarizes the computations of basic and diluted earnings per share for the years ended December 31: | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Numerator: | |||||||||||||
Net income (loss), basic and diluted | $ | (58,597 | ) | $ | (97,988 | ) | $ | 7,004 | |||||
Denominator: | |||||||||||||
Total basic weighted-average common shares outstanding | 58,611 | 57,889 | 56,722 | ||||||||||
Net effect of dilutive stock options based on treasury stock method | — | — | 1,859 | ||||||||||
Adjusted weighted average diluted shares | 58,611 | 57,889 | 58,581 | ||||||||||
$ | (1.00 | ) | $ | (1.69 | ) | $ | 0.12 | ||||||
Net income (loss) per share — basic | |||||||||||||
$ | (1.00 | ) | $ | (1.69 | ) | $ | 0.12 | ||||||
Net income (loss) per share — diluted | |||||||||||||
Supplemental_Disclosure_of_Cas
Supplemental Disclosure of Cash Flow Information | 12 Months Ended |
Dec. 31, 2013 | |
Supplemental Disclosure of Cash Flow Information | ' |
4. Supplemental Disclosure of Cash Flow Information | |
Property and equipment acquired under capital leases totaled $6,022, $4,930, and $5,276 during the years ended December 31, 2013, 2012, and 2011, respectively. | |
Interest paid totaled $8,105, $6,366, and $6,675 during the years ended December 31, 2013, 2012, and 2011, respectively. | |
Income taxes and estimated state income taxes refunded during the year ended December 31, 2013 totaled $497. Income taxes and estimated state taxes paid during the years ended December 31, 2012 and 2011 totaled $1,248, and $491, respectively. |
Marketable_Securities
Marketable Securities | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Marketable Securities | ' | ||||||||||||||||
5. Marketable Securities | |||||||||||||||||
The following is a summary of available-for-sale marketable securities at December 31, 2013: | |||||||||||||||||
Amortized | Gross | Gross | Estimated | ||||||||||||||
Cost Basis | Unrealized | Unrealized | Fair Value | ||||||||||||||
Gains | Losses | ||||||||||||||||
Corporate bonds | $ | 18,798 | $ | 41 | $ | (6 | ) | $ | 18,833 | ||||||||
Mortgage-backed and asset-backed securities | 1,170 | 1 | — | 1,171 | |||||||||||||
Total marketable securities | $ | 19,968 | $ | 42 | $ | (6 | ) | $ | 20,004 | ||||||||
The following table summarizes the estimated fair value of available-for-sale marketable securities by contractual maturity at December 31, 2013: | |||||||||||||||||
Fair Value | |||||||||||||||||
Due within 1 year or less | $ | 6,248 | |||||||||||||||
Due within 1-2 years | 9,538 | ||||||||||||||||
Due within 2-3 years | 4,218 | ||||||||||||||||
$ | 20,004 | ||||||||||||||||
The following is a summary of available-for-sale marketable securities at December 31, 2012: | |||||||||||||||||
Amortized | Gross | Gross | Estimated | ||||||||||||||
Cost Basis | Unrealized | Unrealized | Fair Value | ||||||||||||||
Gains | Losses | ||||||||||||||||
Corporate bonds | $ | 13,102 | $ | 42 | $ | (3 | ) | $ | 13,141 | ||||||||
Mortgage-backed and asset-backed securities | 1,732 | 3 | (1 | ) | 1,734 | ||||||||||||
Total marketable securities | $ | 14,834 | $ | 45 | $ | (4 | ) | $ | 14,875 | ||||||||
The following table summarizes the estimated fair value of available-for-sale marketable securities by contractual maturity at December 31, 2012: | |||||||||||||||||
Fair Value | |||||||||||||||||
Due within 1 year or less | $ | 7,251 | |||||||||||||||
Due within 1-2 years | 3,557 | ||||||||||||||||
Due within 2-3 years | 4,067 | ||||||||||||||||
$ | 14,875 | ||||||||||||||||
Unbilled_Receivables
Unbilled Receivables | 12 Months Ended |
Dec. 31, 2013 | |
Unbilled Receivables | ' |
6. Unbilled Receivables | |
Unbilled receivables consist of the excess of revenue earned in accordance with generally accepted accounting principles over the amounts billed at contract milestones. Substantially all unbilled receivables are expected to be billed and collected within twelve months. |
Inventory
Inventory | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Inventory | ' | ||||||||
7. Inventory | |||||||||
Inventory consisted of the following at December 31: | |||||||||
2013 | 2012 | ||||||||
Component parts | $ | 7,710 | $ | 8,018 | |||||
Finished goods | 2,180 | 3,066 | |||||||
Total inventory | $ | 9,890 | $ | 11,084 | |||||
Property_and_Equipment
Property and Equipment | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Property and Equipment | ' | ||||||||
8. Property and Equipment | |||||||||
Property and equipment consisted of the following at December 31: | |||||||||
2013 | 2012 | ||||||||
Computer equipment | $ | 59,499 | $ | 59,393 | |||||
Computer software | 38,097 | 49,088 | |||||||
Furniture and fixtures | 3,648 | 3,457 | |||||||
Leasehold improvements | 9,097 | 8,265 | |||||||
Land | 1,000 | 1,000 | |||||||
Vehicles | 82 | 117 | |||||||
Total property and equipment at cost | 111,423 | 121,320 | |||||||
Less: accumulated depreciation and amortization | (73,068 | ) | (72,050 | ) | |||||
Net property and equipment | $ | 38,355 | $ | 49,270 | |||||
In 2013 and 2012, we evaluated the recoverability of our Platforms and Applications and Navigation reporting units’ property and equipment, respectively, by comparing the carrying amount of the assets to future undiscounted net cash flows that we expect to generate from these assets. As a result of our review, we recorded impairment charges of $12,565 and $12,987, respectively. See Note 1 for further discussion. | |||||||||
Acquired_Intangible_Assets_Cap
Acquired Intangible Assets, Capitalized Software Development Costs, and Goodwill | 12 Months Ended | ||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||
Acquired Intangible Assets, Capitalized Software Development Costs, and Goodwill | ' | ||||||||||||||||||||||||
9. Acquired Intangible Assets, Capitalized Software Development Costs, and Goodwill | |||||||||||||||||||||||||
Our acquired intangible assets and capitalized software development cost balances consisted of the following: | |||||||||||||||||||||||||
December 31, 2013 | December 31, 2012 | ||||||||||||||||||||||||
Gross | Accumulated | Net | Gross | Accumulated | Net | ||||||||||||||||||||
Carrying | Amortization | Carrying | Amortization | ||||||||||||||||||||||
Amount | Amount | ||||||||||||||||||||||||
Acquired intangible assets: | |||||||||||||||||||||||||
Customer lists and other | $ | 31,176 | $ | 10,173 | $ | 21,003 | $ | 34,733 | $ | 9,115 | $ | 25,618 | |||||||||||||
Trademarks and patents | — | — | — | 1,334 | 780 | 554 | |||||||||||||||||||
Total acquired intangible assets | $ | 31,176 | $ | 10,173 | $ | 21,003 | $ | 36,067 | $ | 9,895 | $ | 26,172 | |||||||||||||
$ | 5,969 | $ | 1,791 | $ | 4,178 | $ | 46,246 | $ | 27,317 | $ | 18,929 | ||||||||||||||
Software development costs | |||||||||||||||||||||||||
Total acquired intangible assets and software development costs | $ | 37,145 | $ | 11,964 | $ | 25,181 | $ | 82,313 | $ | 37,212 | $ | 45,101 | |||||||||||||
Estimated future amortization expense: | |||||||||||||||||||||||||
Year ending December 31, 2014 | $ | 3,336 | |||||||||||||||||||||||
Year ending December 31, 2015 | 4,632 | ||||||||||||||||||||||||
Year ending December 31, 2016 | 4,632 | ||||||||||||||||||||||||
Year ending December 31, 2017 | 3,856 | ||||||||||||||||||||||||
Year ending December 31, 2018 | 3,065 | ||||||||||||||||||||||||
Thereafter | 5,660 | ||||||||||||||||||||||||
$ | 25,181 | ||||||||||||||||||||||||
Acquired intangibles | |||||||||||||||||||||||||
In 2013 we recorded a $599 Platforms and Applications reporting unit impairment charge for the excess of the carrying value of acquired intangible assets over the estimated fair value. In 2012, we recorded a $13,964 Navigation reporting unit impairment charge for the excess of the carrying value of acquired intangible assets over the estimated fair value. The weighted average remaining amortization period for customer lists and other as well as acquired technology included in software development costs is 3.6 years. | |||||||||||||||||||||||||
Capitalized software development costs | |||||||||||||||||||||||||
In 2013, 2012, and 2011 we capitalized $1,987, $1,890, and $2,497, respectively, of software development costs for location-based software projects after the point of technological feasibility had been reached but before the products were available for general release. We routinely update our estimates of the recoverability of the software products that have been capitalized as the basis for evaluating the carrying values and remaining useful lives of the respective assets. In 2013, we recorded an impairment charge of $9,270 related to our Platforms and Applications reporting unit. In 2012, we recorded an impairment charge related to our Navigation reporting unit of $12,420. | |||||||||||||||||||||||||
Goodwill | |||||||||||||||||||||||||
The balances and changes in amount of goodwill are as follows: | |||||||||||||||||||||||||
Commercial | Government | Total | |||||||||||||||||||||||
Segment | Segment | ||||||||||||||||||||||||
Balance as of December 31, 2011 | $ | 122,454 | $ | 54,023 | $ | 176,477 | |||||||||||||||||||
Adjustments to the purchase price allocation for the acquisition of Trident | — | 273 | 273 | ||||||||||||||||||||||
Goodwill from acquisition of microDATA | 22,032 | — | 22,032 | ||||||||||||||||||||||
Impairment charge related to the adjusted fair value of the Navigation reporting unit | (86,332 | ) | — | (86,332 | ) | ||||||||||||||||||||
Balance as of December 31, 2012 | 58,154 | 54,296 | 112,450 | ||||||||||||||||||||||
Impairment charge related to the adjusted fair value of the Platforms and Applications reporting unit | (8,209 | ) | — | (8,209 | ) | ||||||||||||||||||||
Balance as of December 31, 2013 | $ | 49,945 | $ | 54,296 | $ | 104,241 | |||||||||||||||||||
We assess goodwill for impairment in the fourth quarter of each year, or sooner should there be an indicator of impairment. We periodically analyze whether any such indicators of impairment exist. Such indicators include a sustained, significant decline in the Company’s stock price and market capitalization, a decline in the Company’s expected future cash flows, a significant adverse change in legal factors or in the business climate, unanticipated competition, and/or slower expected growth, among others. For goodwill impairment testing, we have four reporting units. In 2013, we reorganized the Commercial Segment in order to better conform and integrate the product lines and create efficiencies, so that one management team is now responsible for all Commercial Platforms & Applications other than the 9-1-1 Safety and Security part of the Commercial Segment. Previously, our Commercial Segment was comprised of Navigation and Other Commercial reporting units. Our two Government Segment reporting units, the Government Solutions Group (“GSG”) unit and the Cyber Intelligence unit, remain the same. | |||||||||||||||||||||||||
Goodwill balances by reporting unit: | |||||||||||||||||||||||||
December 31, | |||||||||||||||||||||||||
2013 | |||||||||||||||||||||||||
Platforms and Applications | $ | 27,912 | |||||||||||||||||||||||
Safety and Security Group | 22,033 | ||||||||||||||||||||||||
Government Solutions Group | 26,141 | ||||||||||||||||||||||||
Cyber Intelligence | 28,155 | ||||||||||||||||||||||||
Total goodwill | $ | 104,241 | |||||||||||||||||||||||
December 31, | |||||||||||||||||||||||||
2012 | |||||||||||||||||||||||||
Navigation | $ | 22,102 | |||||||||||||||||||||||
Other Commercial | 36,052 | ||||||||||||||||||||||||
Government Solutions Group | 26,141 | ||||||||||||||||||||||||
Cyber Intelligence | 28,155 | ||||||||||||||||||||||||
Total goodwill | $ | 112,450 | |||||||||||||||||||||||
Our fourth quarter 2013 impairment testing resulted in the write-down of our Platforms and Applications reporting unit’s goodwill from a carrying value of $36,121 to the estimated fair value of $27,912 at December 31, 2013, resulting in an impairment charge of $8,209. We used a discounted cash flow method to determine to determine the fair value of the goodwill of the Platforms and Applications Reporting Unit. | |||||||||||||||||||||||||
In performing our 2013 testing for our Safety and Security and Cyber Intelligence reporting units, we used a discounted cash flow method as well as a market approach based on observable public comparable company multiples of revenue and earnings before interest taxes depreciation and amortization (“EBITDA”) and weighted the results from the two methods to estimate the reporting units’ fair values. For our Government Solutions Group we used only a discounted cash flow method. Determining fair value requires the exercise of significant judgment, including judgment about appropriate discount rates, the amount and timing of expected future cash flows, as well as relevant comparable company multiples for the market comparable approach and the relevant weighting of the methods utilized. | |||||||||||||||||||||||||
For the market comparable approaches, we evaluated comparable company public trading values, and valued our reporting units using multiples of EBITDA ranging from approximately 6 to 8 times. Comparable company public trading values are based on the market’s view of future industry conditions and the comparable companies’ future financial results. Adverse changes in any of these variables would negatively influence the valuation of our reporting units. It is not possible to determine the impact of such potential adverse changes on the valuation of our reporting units. | |||||||||||||||||||||||||
Our discounted cash flow models are based on our most recent long-range forecast and, for years beyond the forecast, we estimated terminal values based on estimated exit multiples ranging from approximately 6 to 7 times the final forecasted year EBITDA. They reflect management’s expectation of future market conditions and expected levels of financial performance for our reporting units, as well as discount rates and estimated terminal values that would be used by market participants in an arms-length transaction. Business operational risks which could impact profits are detailed in our “Risk Factors” disclosures. Discount rates used were intended to reflect the risks inherent in the future cash flows of the respective reporting units and were between 13 and 15%. | |||||||||||||||||||||||||
In the second quarter of 2012, we received notice from a significant navigation application customer that it intended to adjust pricing for TCS services. Management considered this to be an indicator that we should evaluate the long-lived assets (including goodwill and other intangible assets) related to the Company’s 2009 acquisition of Networks In Motion, operating as the Company’s Navigation unit, for potential impairment. No triggering events occurred with regard to other reporting units, so an interim analysis of other units was not completed. | |||||||||||||||||||||||||
We completed Step 1 of the goodwill impairment testing in 2012 for the Navigation reporting unit using a discounted cash flow method supported by a market comparable approach. The discounted cash flow model was based on our updated long-range forecast for the Navigation reporting unit. For years beyond the forecast, we estimated terminal value using a discount rate of 12% and a perpetual cash flow growth rate of 3%. For the market comparable approach, we evaluated comparable company public trading values, using revenue and EBITDA multiples. The estimated fair value of the Navigation reporting unit was compared to the carrying amount including goodwill, and the results of the Step 1 goodwill testing indicated a potential impairment. | |||||||||||||||||||||||||
Accordingly, we proceeded with Step 2 of the impairment test to measure the amount of potential impairment. We allocated the fair value of the Navigation reporting unit to its assets and liabilities as of the date of the impairment analysis. As a result of the analysis described above, a goodwill impairment charge was of $86,332 recorded in 2012 for the excess of the carrying value of goodwill over the estimated fair value. | |||||||||||||||||||||||||
There was no indication of any further impairment in any of our reporting units during the 2012 annual testing and accordingly, the second step of the goodwill impairment analysis was not performed. For fiscal 2011, all of our reporting units passed the first step of the goodwill impairment testing, indicating no impairment. |
Accounts_Payable_and_Accrued_E
Accounts Payable and Accrued Expenses | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Accounts Payable and Accrued Expenses | ' | ||||||||
10. Accounts Payable and Accrued Expenses | |||||||||
Accounts payable and accrued expenses at December 31 were: | |||||||||
2013 | 2012 | ||||||||
Accounts payable | $ | 10,341 | $ | 15,929 | |||||
Accrued expenses | 14,031 | 21,774 | |||||||
Total accounts payable and accrued expenses | $ | 24,372 | $ | 37,703 | |||||
Accrued expenses consist primarily of costs incurred for which we have not yet been invoiced, accrued sales taxes, and amounts due to our E9-1-1 customers that we have billed and collected from regulating agencies on their behalf under cost recovery arrangements. |
Line_of_Credit
Line of Credit | 12 Months Ended |
Dec. 31, 2013 | |
Line of Credit | ' |
11. Line of Credit | |
We have maintained a line of credit arrangement with our principal bank since 2003. On June 25, 2013, we closed on a new Senior Secured Credit Facility (the “Senior Credit Facility”), with the Silicon Valley Bank and a syndicate of lenders. The Senior Credit Facility includes a new revolving loan facility (“Revolving Loan Facility”) replacing the line under the July 2012, Fourth Amendment to our previous Loan and Security Agreement (“Line of Credit”). | |
The Revolving Loan Facility includes an aggregate principal amount available to borrow of up to $30,000 and matures on March 31, 2018, unless extended by as provided in the Credit Agreement. The principal amount outstanding under the Revolving Loan Facility is payable prior to or on the maturity date. Interest on the Revolving Loan Facility is payable monthly and accrues at Eurodollar/LIBOR (beginning at L+3.75%) or Alternate Base Rate (“ABR”) (beginning at ABR +2.75%), which may be adjusted as provided in the Credit Agreement. | |
The Revolving Loan Facility includes two sub-facilities: (i) a $10,000 letter of credit sub-facility pursuant to which the bank may issue letters of credit, and (ii) a $5,000 swingline sub-facility. | |
Under our previous Line of Credit, the maximum amount we could borrow was $35,000, limited by certain credit sub-facilities. Interest was calculated at a floating per annum rate equal to one-half of one percentage point (0.5%) above the prime rate. | |
As of December 31, 2013, there were no borrowings on our Revolving Loan Facility, and we had $30,000 of unused borrowing availability. As of December 31, 2012, we had $6,000 of borrowings outstanding under the Line of Credit and had approximately $25,400 of unused borrowing availability under our Line of Credit. |
LongTerm_Debt
Long-Term Debt | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Long-Term Debt | ' | ||||||||
12. Long-Term Debt | |||||||||
Long-term debt consisted of at December 31: | |||||||||
2013 | 2012 | ||||||||
Senior credit facility | $ | 66,084 | $ | — | |||||
7.75% Convertible notes | 50,000 | — | |||||||
4.5% Convertible notes | 14,562 | 93,500 | |||||||
Bank term loan paid in full June 26, 2013 | — | 41,779 | |||||||
Promissory notes payable to microDATA sellers | 4,809 | 14,010 | |||||||
Total long-term debt | 135,455 | 149,289 | |||||||
(25,089 | ) | (16,784 | ) | ||||||
Less: current portion | |||||||||
Non-current portion of long-term debt | $ | 110,366 | $ | 132,505 | |||||
Aggregate maturities of long-term debt at December 31, 2013 are as follows: | |||||||||
2014 | $ | 25,089 | |||||||
2015 | 3,325 | ||||||||
2016 | 3,740 | ||||||||
2017 | 6,153 | ||||||||
2018 | 97,148 | ||||||||
Total long-term debt | $ | 135,455 | |||||||
Senior credit facilities | |||||||||
On June 25, 2013, we closed on new $130,000 Senior Credit Facilities (the “Senior Credit Facilities”) which included (i) a $56,500 term loan A facility (“Term Loan A Facility”), (ii) a $43,500 delayed draw term loan facility (“Delayed Draw Term Loan Facility”), and (iii) a $30,000 revolving loan facility (“Revolving Loan Facility”). The Senior Credit Facilities also include a $25,000 incremental loan arrangement subject to the Company’s future needs and bank approval, although no assurances can be given that this incremental loan amount will be available to us when and if needed. | |||||||||
We borrowed $56,500 under the Term Loan A Facility at closing for (i) repayment of the remaining balance under 2012 Term Loan, which was terminated, (ii) approximately $16,000 for on-going working capital and other general corporate purposes, and (iii) fees and expenses associated with the new facility. On September 30, 2013, we borrowed $10,000 under the Delayed Draw Term Loan Facility and used the proceeds towards the retirement of the 4.5% Convertible Senior Notes, discussed below. | |||||||||
Additional liquidity is available through the undrawn $30,000 Revolving Loan Facility, to be used for our on-going working capital and other general corporate purposes, replacing the previous line of credit which has been paid off and terminated, see Line of Credit Note 11. | |||||||||
Loans borrowed under the Term Loan A Facility, the Revolving Loan Facility or the Delayed Draw Term Loan Facility may be borrowed at rates based on the Eurodollar/LIBOR (beginning at L +3.75%) or Alternate Base Rate (ABR) (beginning at ABR + 2.75%), which may be adjusted as provided in the Credit Agreement. | |||||||||
The Term Loan A Facility, the Delayed Draw Term Loan Facility, and the Revolving Loan Facility have a maturity date of March 31, 2018, unless extended as provided in the Credit Agreement. Beginning October 1, 2013, the Term Loan A Facility and the Delayed Term Loan are payable in consecutive quarterly installments of $416 on the first day of each fiscal quarter, increasing to $831 in the quarter ending December 31, 2014 and to $1,247 in the quarter ending December 31, 2016 and to $2,413 in the quarter ending December 31, 2017, with the remaining principal due at maturity. Additional Delayed Draw Term Loan Facility borrowings would be repaid in consecutive quarterly installment payments in the same proportion as the installment payments for the Term Loan A and existing Delayed Draw Term Loan borrowings, with the remaining principal due at maturity. | |||||||||
The Senior Credit Facilities are secured by substantially all of the Company’s tangible and intangible assets, including intellectual property. The Credit Agreement contains customary representations and warranties of the Company and customary covenants and events of default. Availability under the Revolving Loan Facility and the Delayed Draw Term Loan Facility is subject to certain conditions, including the continued accuracy of the Company’s representations and warranties and compliance with covenants. The Senior Credit Facilities are also subject to possible mandatory repayments from excess cash flow and other sources, such as net cash proceeds of debt or equity issuances, asset sales, casualty insurance claims and other recovery events, as described in the Credit Agreement. At December 31, 2013, the Company was subject to a mandatory repayment of $3,640 from excess cash flow and other sources payable in the first quarter of 2014. During the continuance of an event of default, at the request of the required lenders, all outstanding loans shall bear interest at a rate per annum equal to the rate that would otherwise be applicable thereto plus 2%, and shall be payable from time to time on demand. | |||||||||
Subsequent event | |||||||||
The Credit Agreement was amended on February 28, 2014. The Amendment modified certain financial covenants applicable to 2014 and 2015, and changed the availability of the Delayed Draw Term Loan Facility, so that $14,562 of the Delayed Draw Term Loan Facility is available until November 2014 to refinance the 4.5% Convertible Senior Notes, and the remaining $18,938 of Delayed Draw Term Loan Facility will be available to us from March 31, 2015 until April 30, 2015 subject to our meeting certain financial covenants. Any amount of the Delayed Draw Term Loan Facility not drawn on April 30, 2015 will expire unused. The Amendment also provides that the banks will hold at least $35,000 of the Company’s cash and marketable securities until our leverage ratio is below a specified level. No changes were made to the pricing of any of the loans or the amount we may borrow under the existing $30,000 Revolving Loan Facility. | |||||||||
7.75% Convertible notes | |||||||||
On May 8, 2013, we completed privately-negotiated exchange agreements with noteholders under which we retired $50,000 of our outstanding 4.5% Convertible Senior Notes due 2014 issued in 2009 (the “2014 Notes”) in exchange for $50,000 of new 7.75% Convertible Senior Notes due 2018 (the “2018 Notes”). | |||||||||
The 2018 Notes were issued pursuant to an indenture, dated as of May 8, 2013 (the “Indenture”), between the Company and The Bank of New York Mellon Trust Company, N.A., as trustee (the “Trustee”). We offered the 2018 Notes to certain holders of the 2014 Notes in reliance on the exemption from registration provided by Section 4(2) of the Securities Act of 1933, as amended. The 2018 Notes bear interest at 7.75% per year, payable semiannually in arrears in cash on June 30 and December 30 of each year, beginning on December 30, 2013. The 2018 Notes are TCS’s senior unsecured obligations and rank equally with all of its present and future senior unsecured debt and senior to any future subordinated debts and will be effectively subordinate to all of TCS’s present and future secured debt to the extent of the collateral securing that debt. | |||||||||
Holders may convert the 2018 Notes at their option on any day prior to the close of business on the second “scheduled trading day” (as defined in the Indenture) immediately preceding June 30, 2018. The conversion rate will initially be 96.637 shares of Class A common stock per $1 (one thousand) principal amount of 2018 Notes, equivalent to an initial conversion price of $10.348 per share of Class A common stock, which is the same conversion price as the 2014 Notes. Shares of the Company’s Class A common stock into which the 2018 Notes are convertible have been reserved for issuance by the Company. We may redeem some or all of the 2018 Notes at any time on or after June 30, 2014 at the redemption prices set forth in the Indenture plus accrued and unpaid interest to the redemption date. In addition, subject to certain exceptions, holders may require us to repurchase, for cash, all or part of their 2018 Notes upon a “fundamental change” (as defined in the Indenture) at a price equal to the purchase prices set forth in the Indenture, plus accrued and unpaid interest to, but excluding, the fundamental change purchase date. | |||||||||
The Indenture contains customary terms and covenants, including that upon certain events of default occurring and continuing, either the Trustee or the holders of not less than 25% in aggregate principal amount of the 2018 Notes then outstanding may declare the entire principal amount of all the 2018 Notes plus accrued interest, if any, to be immediately due and payable. | |||||||||
4.5% Convertible notes | |||||||||
In 2009, we sold $103,500 aggregate principal amount of 4.5% Convertible Senior Notes due 2014. During the fourth quarter of 2012, we repurchased $10,000 of the outstanding 2014 Notes, plus accrued and unpaid interest and recorded a gain of $431 gain on the retirement. During the second half of 2013, we repurchased an additional $28,938 of the outstanding 2014 Notes and recorded a loss of $178 on the retirement including transaction costs. On May 8, 2013, we retired $50,000 in aggregate principal of these 2014 Notes, in exchange for $50,000 of new 7.75% Convertible Senior Notes due 2018, as discussed above. | |||||||||
The 2014 Notes are not registered and were offered under Rule 144A of the Securities Act of 1933. Concurrent with the issuance of the 2014 Notes, we entered into convertible note hedge transactions and warrant transactions, also detailed below, that are expected to reduce the potential dilution associated with the conversion of the 2014 Notes. Holders may convert the 2014 Notes at their option on any day prior to the close of business on the second “scheduled trading day” (as defined in the Indenture) immediately preceding November 1, 2014. The conversion rate will initially be 96.637 shares of Class A common stock per $1 (one thousand) principal amount of 2014 Notes, equivalent to an initial conversion price of approximately $10.35 per share of Class A common stock. The effect of the convertible note hedge and warrant transactions is an increase in the effective conversion premium of the 2014 Notes to $12.74 per share. | |||||||||
The convertible note hedge and the warrant transactions are separate transactions, each entered into by the Company with the counterparties, which are not part of the terms of the 2014 Notes and will not affect the holders’ rights under the 2014 Notes. The cost of the convertible note hedge transactions to the Company was approximately $23,800, and was accounted for as an equity transaction in accordance with ASC 815-40, Contracts in Entity’s own Equity. The Company received proceeds of approximately $13,000 related to the sale of the warrants, which has also been classified as equity as the warrants meet the classification criteria under ASC 815-40-25, in which the warrants and the convertible note hedge transactions require settlements in shares and provide the Company with the choice of a net cash or common shares settlement. As the convertible note hedge and warrants are indexed to our common stock, we recognized them in permanent equity in Additional paid-in capital, and will not recognize subsequent changes in fair value as long as the instruments remain classified as equity. | |||||||||
Interest on the 2014 Notes is payable semiannually on November 1 and May 1 of each year, beginning May 1, 2010. The 2014 Notes will mature and convert on November 1, 2014, unless previously converted in accordance with their terms. The 2014 Notes are TCS’s senior unsecured obligations and rank equally with all of its present and future senior unsecured debt and senior to any future subordinated debts and will be effectively subordinate to all of TCS’s present and future secured debt to the extent of the collateral securing that debt. | |||||||||
As a result of the repurchase and exchange of $88,938 of the outstanding 2014 Notes, the convertible note hedge was adjusted to reflect the reduced number of outstanding 2014 Notes. The convertible note hedge transactions’ originally covering 10,001 shares was adjusted to cover proportionally fewer of shares of Class A common stock. The warrants were not affected by the retirements of the 2014 Notes. | |||||||||
Term loan from commercial bank | |||||||||
In July 2012, we borrowed $45,000 under a term loan agreement (“2012 Term Loan”) with the Silicon Valley Bank, as administrative agent and collateral agent (“SVB”). Approximately $19,400 of the borrowings under the 2012 Term Loan were used to pay off the prior term loan with SVB and transaction fees and approximately $20,000 were used as part of the acquisition of microDATA. The 2012 Term Loan was paid in full with funds borrowed under the new Term Loan A Facility, as discussed above. | |||||||||
Promissory notes payable to microDATA sellers | |||||||||
On July 6, 2012, we issued $14,250 in promissory notes as part of the consideration paid for our acquisition of microDATA bearing simple interest at 6%. The promissory notes are due in two installments: $7,500 plus interest was paid June 30, 2013 and $6,750 due June 30, 2014, less post-closing indemnification adjustments of $1,941 as of December 31, 2013, up to a maximum adjustment of $2,000. The promissory notes are effectively subordinated to TCS’s structured debt. |
Capital_Leases
Capital Leases | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Capital Leases | ' | ||||||||
13. Capital Leases | |||||||||
We lease certain equipment under capital leases. Property and equipment included the following amounts for capital leases at December 31: | |||||||||
2013 | 2012 | ||||||||
Computer equipment | $ | 20,409 | $ | 23,107 | |||||
Computer software | 3,304 | 4,302 | |||||||
Furniture and fixtures | 90 | 176 | |||||||
Leasehold improvements | 42 | 51 | |||||||
Total equipment under capital lease at cost | 23,845 | 27,636 | |||||||
Less: accumulated amortization | (9,886 | ) | (13,529 | ) | |||||
Net property and equipment under capital leases | $ | 13,959 | $ | 14,107 | |||||
Capital leases are collateralized by the leased assets. Our capital leases generally contain provisions whereby we can purchase the equipment at the end of the lease for a one dollar buyout. Amortization of leased assets is included in depreciation and amortization expense. | |||||||||
Future minimum payments under capital lease obligations consisted of the following at December 31, 2013: | |||||||||
2014 | $ | 5,501 | |||||||
2015 | 3,858 | ||||||||
2016 | 2,319 | ||||||||
2017 | 1,206 | ||||||||
2018 | 20 | ||||||||
Total minimum lease payments | 12,904 | ||||||||
Less: amounts representing interest | (830 | ) | |||||||
Present value of net minimum lease payments (including current portion of $5,056) | $ | 12,074 | |||||||
Common_Stock
Common Stock | 12 Months Ended |
Dec. 31, 2013 | |
Common Stock | ' |
14. Common Stock | |
Our Class A common stockholders are entitled to one vote for each share of stock held for all matters submitted to a vote of stockholders. Our Class B stockholders are entitled to three votes for each share owned. |
Fair_Value_Measurements
Fair Value Measurements | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Fair Value Measurements | ' | ||||||||||||||||
15. Fair Value Measurements | |||||||||||||||||
Our assets and liabilities subject to fair value measurements on a recurring basis and the required disclosures are: | |||||||||||||||||
As of December 31, 2013 | Fair Value | Fair Value Measurements | |||||||||||||||
Using Fair Value Hierarchy | |||||||||||||||||
Total | Level 1 | Level 2 | Level 3 | ||||||||||||||
Assets: | |||||||||||||||||
Cash and cash equivalents | $ | 41,904 | $ | 41,904 | $ | — | $ | — | |||||||||
Corporate bonds | 18,498 | 18,498 | — | — | |||||||||||||
Mortgage-backed and asset-backed securities | 1,506 | 1,506 | — | — | |||||||||||||
Marketable securities | 20,004 | 20,004 | — | — | |||||||||||||
Deferred compensation plan investments | 1,003 | 1,003 | — | — | |||||||||||||
Assets at Fair Value | $ | 62,911 | $ | 62,911 | $ | — | $ | — | |||||||||
Liabilities: | |||||||||||||||||
Deferred compensation | $ | 637 | $ | 637 | $ | — | $ | — | |||||||||
Contractual acquisition earn-outs | 369 | — | — | 369 | |||||||||||||
Liabilities at Fair Value | $ | 1,006 | $ | 637 | $ | — | $ | 369 | |||||||||
As of December 31, 2012 | Fair Value | Fair Value Measurements | |||||||||||||||
Using Fair Value Hierarchy | |||||||||||||||||
Total | Level 1 | Level 2 | Level 3 | ||||||||||||||
Assets: | |||||||||||||||||
Cash and cash equivalents | $ | 36,623 | $ | 36,623 | $ | — | $ | — | |||||||||
Corporate bonds | 13,141 | 13,141 | — | — | |||||||||||||
Mortgage-backed and asset-backed securities | 1,734 | 1,734 | — | — | |||||||||||||
Marketable securities | 14,875 | 14,875 | — | — | |||||||||||||
Deferred compensation plan investments | 690 | 690 | — | — | |||||||||||||
Assets at Fair Value | $ | 52,188 | $ | 52,188 | $ | — | $ | — | |||||||||
Liabilities: | |||||||||||||||||
Deferred compensation | $ | 394 | $ | 394 | $ | — | $ | — | |||||||||
Contractual acquisition earn-outs | 508 | — | — | 508 | |||||||||||||
Liabilities at Fair Value | $ | 902 | $ | 394 | $ | — | $ | 508 | |||||||||
We hold marketable securities that are investment grade and are classified as available-for-sale. The securities include corporate bonds, agency bonds, mortgage and asset backed securities that are carried at fair market value based on quoted market prices; see Note 5. | |||||||||||||||||
We hold trading securities as part of a rabbi trust at December 31, 2013 to fund supplemental executive retirement plans and deferred income plans. The funds held are all managed by a third party, and include fixed income funds, equity securities, and money market accounts, or other investments for which there is an active quoted market. The related deferred compensation liabilities are valued based on the underlying investment selections in each participant’s account. | |||||||||||||||||
The contractual acquisition earn-outs were part of the consideration paid for the 2012 microDATA acquisitions. The fair value of the earn-outs is based on probability-weighted payouts under different scenarios, discounted using a discount rate commensurate with the risk. | |||||||||||||||||
The following table provides a summary of the changes in the contractual acquisition earn-outs measured at fair value on a recurring basis using significant unobservable inputs (Level 3) during the year ended December 31, 2013: | |||||||||||||||||
Fair Value | |||||||||||||||||
Measurements | |||||||||||||||||
Using Significant | |||||||||||||||||
Unobservable | |||||||||||||||||
Inputs (Level 3) | |||||||||||||||||
Balance at January 1, 2013 | $ | 508 | |||||||||||||||
Fair value adjustment recognized in earnings | (139 | ) | |||||||||||||||
Balance at December 31, 2013 | $ | 369 | |||||||||||||||
Assets and liabilities that are measured at fair value on a non-recurring basis include long-lived assets, intangible assets, and goodwill. These items are recognized at fair value when they are considered to be other than temporarily impaired using significant unobservable inputs (Level 3). Our Platforms and Applications reporting unit’s goodwill and long-lived assets with a carrying value of $65,406 were written down to their estimated fair value of $33,429, resulting in an impairment charge of $31,977 in 2013. In 2012, our Navigation reporting unit’s goodwill and long-lived assets with a carrying value of $164,500 at March 31, 2012 were written down to their estimated fair value of $38,797, resulting in an impairment charge of $125,703; see Note 9, Acquired Intangible Assets, Capitalized Software Development Costs, and Goodwill for further information regarding the valuation inputs. | |||||||||||||||||
Long-term debt, excluding leases, consists of borrowings under a commercial bank term loan agreement, 4.5% convertible senior notes, 7.75% convertible senior notes, and promissory notes; see Note 12. The long-term debt, excluding leases, is currently reported at the borrowed amount outstanding. At December 31, 2013, the estimated fair value of the long-term debt, excluding leases, was $133,427 versus a carrying value of $135,455. At December 31, 2012, the fair value of long-term debt, excluding leases, was $144,106 versus a carrying value of $149,289. The estimated fair value is based on a market approach using quoted market prices or current market rates for similar debt with approximately the same remaining maturities, where possible. |
Income_Taxes
Income Taxes | 12 Months Ended | ||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||
Income Taxes | ' | ||||||||||||||||||||||||
16. Income Taxes | |||||||||||||||||||||||||
Our income tax provisions (benefits) for the years ended December 31 were: | |||||||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||||||
Current: | |||||||||||||||||||||||||
Federal | $ | 32 | $ | (82 | ) | $ | 5,924 | ||||||||||||||||||
Foreign | 300 | — | — | ||||||||||||||||||||||
State | 228 | 47 | 512 | ||||||||||||||||||||||
Total current | 560 | (35 | ) | 6,436 | |||||||||||||||||||||
Deferred: | |||||||||||||||||||||||||
Federal | 12,953 | (14,107 | ) | (1,247 | ) | ||||||||||||||||||||
Foreign | (87 | ) | — | — | |||||||||||||||||||||
State | 3,165 | (1,349 | ) | 223 | |||||||||||||||||||||
Total deferred | 16,031 | (15,456 | ) | (1,024 | ) | ||||||||||||||||||||
Total provision (benefit) for income taxes | $ | 16,591 | $ | (15,491 | ) | $ | 5,412 | ||||||||||||||||||
Deferred tax assets and liabilities at December 31 were: | |||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||
Deferred tax assets: | |||||||||||||||||||||||||
Net operating loss carryforwards | $ | 6,416 | $ | 4,773 | |||||||||||||||||||||
Research and development tax credit carryforwards | 8,790 | 7,564 | |||||||||||||||||||||||
Stock-based compensation expense | 6,153 | 5,945 | |||||||||||||||||||||||
Deferred revenue | 7,040 | 5,197 | |||||||||||||||||||||||
Reserves and accrued expenses | 1,745 | 3,034 | |||||||||||||||||||||||
Alternative minimum tax credit | 2,091 | 2,101 | |||||||||||||||||||||||
Identified intangibles accounting | 110 | 1,785 | |||||||||||||||||||||||
Deferred compensation | 372 | 275 | |||||||||||||||||||||||
Deferred financing fees | 482 | — | |||||||||||||||||||||||
Other | 1,197 | 1,386 | |||||||||||||||||||||||
Total deferred tax assets | 34,396 | 32,060 | |||||||||||||||||||||||
Deferred tax liabilities: | |||||||||||||||||||||||||
Capitalized software development costs | (2,103 | ) | (12,017 | ) | |||||||||||||||||||||
Depreciation and amortization | (2,009 | ) | (3,269 | ) | |||||||||||||||||||||
Other | — | (30 | ) | ||||||||||||||||||||||
Total deferred tax liabilities | (4,112 | ) | (15,316 | ) | |||||||||||||||||||||
Net deferred tax asset | 30,284 | 16,744 | |||||||||||||||||||||||
Valuation allowance for net deferred tax asset | (30,284 | ) | (698 | ) | |||||||||||||||||||||
Net deferred tax asset | $ | — | $ | 16,046 | |||||||||||||||||||||
We account for income taxes using the asset and liability approach. Deferred tax assets and liabilities are determined based upon differences between financial reporting and tax basis of assets and liabilities and are measured using the enacted tax rates and laws that will be in effect when the differences are expected to reverse. Net deferred tax assets are recorded when it is more likely than not that the tax benefits will be realized. In accordance with ASC 740, we determined that recent losses were significant evidence of the need for a full valuation allowance on our net deferred tax assets of $30,284 in the fourth quarter of 2013 and that near-term full realization of these assets is not more likely than not. However, as noted below, our deferred tax assets have expiry dates many years into the future such that we anticipate being able to use these assets at some point to offset prospective tax liabilities. | |||||||||||||||||||||||||
At December 31, 2013, we had $14,581 of U.S. federal net operating loss carryforwards reflected in deferred tax assets plus $4,230 of net operating loss carryforwards from excess tax benefits related to stock-based compensation which will be recognized as an increase to additional paid in capital once the benefit is realized through a reduction of income taxes payable. Of the total $19,081 loss carryforwards, $9,416 is the remaining net operating loss carryforwards acquired with Xypoint in 2001, usable at the rate of $1,401 per year, and which will begin to expire in 2021. The remaining $9,665 of U.S. federal net operating loss carryforwards which were generated in 2006, 2009, and 2013 will begin to expire in 2026, 2029, and 2033.The timing and manner in which we may utilize net operating loss carryforwards and tax credits in future tax years will be limited by the amounts and timing of future taxable income and by the application of the ownership change rules under Section 382 of the Internal Revenue Code. | |||||||||||||||||||||||||
We have state net operating loss carryforwards available which expire through 2027, utilization of which will be limited in a manner similar to the federal net operating loss carryforwards. At December 31, 2013, we had federal alternative minimum tax credit carryforwards of $2,091, which are available to offset future regular federal taxes. Federal research and development credits of approximately $7,719 will begin to expire in 2019. | |||||||||||||||||||||||||
The reconciliations of the reported income tax provision to the amount that would result by applying the U.S. federal statutory rate of 35% to the income for the years ended December 31 as follows: | |||||||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||||||
Income tax (benefit) statutory rate | $ | (14,702 | ) | 35 | % | $ | (39,718 | ) | 35 | % | $ | 4,346 | 35 | % | |||||||||||
Goodwill impairment charge | 1,758 | (4.2 | %) | 30,136 | (26.6 | %) | — | — | |||||||||||||||||
Change in valuation allowance | 30,284 | (72.1 | %) | — | — | — | — | ||||||||||||||||||
Non-deductible stock-based compensation expense | 1,258 | (3.0 | %) | 1,849 | (1.6 | %) | 2,024 | 16.3 | % | ||||||||||||||||
Research and development tax credit | (639 | ) | 1.5 | % | (858 | ) | 0.8 | % | (485 | ) | (3.9 | %) | |||||||||||||
Worthless stock deduction | — | — | (1,646 | ) | 1.5 | % | — | — | |||||||||||||||||
State income tax (benefit) | (692 | ) | 1.7 | % | (1,156 | ) | 1 | % | 424 | 3.4 | % | ||||||||||||||
Original issue discount amortization | (2,993 | ) | 7.1 | % | (1,678 | ) | 1.5 | % | (1,520 | ) | (12.2 | %) | |||||||||||||
Other | 2,317 | (5.5 | %) | (2,420 | ) | 2.1 | % | 623 | 5 | % | |||||||||||||||
Income tax (benefit) provision | $ | 16,591 | (39.5 | %) | $ | (15,491 | ) | 13.7 | % | $ | 5,412 | 43.6 | % | ||||||||||||
We do not currently anticipate that the total amounts of unrecognized tax benefits will significantly increase within the next 12 months. We recorded the estimated value of uncertain tax positions by adjusting the value of certain tax assets. | |||||||||||||||||||||||||
The following table summarizes the 2012 and 2013 activity related to the unrecognized tax benefits (excluding interest, penalties and related tax carryforwards): | |||||||||||||||||||||||||
Balance at December 31, 2011 | $ | 3,291 | |||||||||||||||||||||||
Increases related to prior year tax positions | 117 | ||||||||||||||||||||||||
Decreases related to prior year tax positions | (149 | ) | |||||||||||||||||||||||
Increases related to current year tax positions | 187 | ||||||||||||||||||||||||
Balance at December 31, 2012 | 3,446 | ||||||||||||||||||||||||
Increases related to prior year tax positions | 1,040 | ||||||||||||||||||||||||
Increases related to current year tax positions | 294 | ||||||||||||||||||||||||
Balance at December 31, 2013 | $ | 4,780 | |||||||||||||||||||||||
If the Company’s positions are sustained by the taxing authority in favor of the Company, $4,780 (excluding interest and penalties) of uncertain tax position benefits would favorably impact the effective tax rate. Our policy is to classify any interest and penalties accrued on any unrecognized tax benefits as a component of the provision for income taxes. There were no interest or penalties recognized in the Consolidated Statements of Operations for the year ended December 31, 2013. | |||||||||||||||||||||||||
We file income tax returns in the U.S. and various state and foreign jurisdictions. As of December 31, 2013, open tax years in the federal and some state jurisdictions date back to 1996, due to the taxing authorities’ ability to adjust operating loss and credit carryforwards. |
Employee_Retirement_Plan
Employee Retirement Plan | 12 Months Ended |
Dec. 31, 2013 | |
Employee Retirement Plan | ' |
17. Employee Retirement Plan | |
We maintain a 401(k) plan covering defined employees who meet established eligibility requirements. Under the provisions of the plan, we may contribute a discretionary match. The plan may also contribute a non-elective contribution. For 2013, we matched 40% of employee deferrals. Our contribution was $1,868, $2,853, and $2,661for the years ended December 31, 2013, 2012, and 2011, respectively. |
Stockbased_Compensation_Plans
Stock-based Compensation Plans | 12 Months Ended | |||||||||||||||
Dec. 31, 2013 | ||||||||||||||||
Stock-based Compensation Plans | ' | |||||||||||||||
18. Stock-based Compensation Plans | ||||||||||||||||
We maintain two stock-based compensation plans: a stock incentive plan and an employee stock purchase plan. | ||||||||||||||||
Stock Incentive Plan. We maintain a stock incentive plan that is administered by the Compensation Committee of our Board of Directors. Options granted under the plan vest over periods ranging from one to five years and expire ten years from the date of grant. Under the plans, we may grant certain employees, directors and consultants options to purchase common stock, stock appreciation rights and restricted stock units. Options are rights to purchase our common stock at the fair market value on the date of the grant. Stock appreciation rights are equity settled share-based compensation arrangements whereby the number of shares that will ultimately be issued is based upon the appreciation of our common stock and the number of awards granted to an individual. Restricted stock units are equity settled share-based compensation arrangements of a number of share of our common stock. Restricted stock unit holders do not have voting rights until the restrictions lapse. | ||||||||||||||||
We recognize compensation expense net of estimated forfeitures over the requisite service period, which is generally the vesting period of 5 years. We estimate the fair value of each stock option award on the date of grant using the Black-Scholes option-pricing model. Expected volatilities are based on historical volatility of our stock. We estimate forfeitures based on historical experience and the expected term of the options granted are derived from historical data on employee exercises. The risk free interest rate is based on the U.S. Treasury yield curve in effect at the time of the grant. We have not paid and do not anticipate paying dividends in the near future. | ||||||||||||||||
Our assumptions in calculating the fair value of our stock options using Black-Scholes our assumptions for the years ended December 31 were as follows: | ||||||||||||||||
2013 | 2012 | 2011 | ||||||||||||||
Expected life (in years) | 5.5 | 5.5 | 5.5 | |||||||||||||
Risk-free interest rate (%) | 1%-1.5% | 1%-1.1% | 1%-2.4% | |||||||||||||
Volatility (%) | 63%-64% | 61%-64% | 60%-61% | |||||||||||||
Dividend yield (%) | 0% | 0% | 0% | |||||||||||||
A summary of our stock option activity and related information consisted of the following (all share amounts in thousands): | ||||||||||||||||
Number of | Weighted | Weighted-Average | Aggregate | |||||||||||||
Options | Average | Remaining | Intrinsic | |||||||||||||
Exercise | Contractual | Value | ||||||||||||||
Price | Term | $0 | ||||||||||||||
(years) | ||||||||||||||||
Outstanding at December 31, 2012 | 17,222 | $ | 4.72 | |||||||||||||
Granted | 2,803 | 2.41 | ||||||||||||||
Exercised | (96 | ) | 1.82 | |||||||||||||
Expired | (946 | ) | 5.49 | |||||||||||||
Forfeited | (1,806 | ) | 3.26 | |||||||||||||
Outstanding, December 31, 2013 | 17,177 | $ | 4.47 | 5.3 | $ | 379 | ||||||||||
Exercisable, December 31, 2013 | 12,025 | $ | 4.99 | 4 | $ | 84 | ||||||||||
Vested and expected to vest, December 31, 2013 | 16,131 | $ | 4.99 | 4 | $ | 295 | ||||||||||
The weighted average grant date fair value of options granted during the years 2013, 2012, and 2011 was $1.33, $1.30, and $2.34, respectively. The total intrinsic value of options exercised during the years ended December 31, 2013, 2012, and 2011, was $60, $15, and $800, respectively. The total fair value of shares vested during the years ended December 31, 2013, 2012, and 2011, was $5,948, $7,813, and $8,328, respectively. As of December 31, 2013, we estimate that we will recognize $5,500 in expense for outstanding, unvested options over their weighted average remaining vesting period of 3 years. | ||||||||||||||||
A summary of our restricted stock activity consisted of the following (all share amounts in thousands): | ||||||||||||||||
Nonvested Shares | Weighted | |||||||||||||||
Average | ||||||||||||||||
Grant Date | ||||||||||||||||
Fair Value | ||||||||||||||||
Nonvested at December 31, 2012 | 1,344 | $ | 3.1 | |||||||||||||
Granted | 1,444 | 2.38 | ||||||||||||||
Vested and surrendered | (570 | ) | 3.06 | |||||||||||||
Nonvested at December 31, 2013 | 2,218 | $ | 2.68 | |||||||||||||
The restrictions expire at the end of one year for directors and expire in annual increments over two and three years for employees and executives, respectively, conditional on continued employment. The fair value of the restricted stock on the date of issuance is recognized as non-cash stock based compensation expense, net of forfeiture adjustments, over the period over which the restrictions expire. The total fair value of restricted stock of shares vested during the years ended December 31, 2013, 2012, and 2011 was $1,959, $1,058, and $241. We recognized $2,589, $1,873, and $1,015 of non-cash stock compensation expense related to these grants for the years ended December 31, 2013, 2012, and 2011, respectively. We expect to record future stock compensation expense of $3,724 as a result of these restricted stock grants that will be recognized over the remaining vesting period. | ||||||||||||||||
Employee Stock Purchase Plan. We have an employee stock purchase plan (the Plan) that gives all employees an opportunity to purchase shares of our Class A Common Stock. The Plan allows for the purchase of 4,385 shares of our Class A Common Stock at a discount of 15% of the fair market value. The discount of 15% is calculated based on the average daily share price on either the first or the last day of each quarterly enrollment period, whichever date is more favorable to the employee. Option periods are three months in duration. As of December 31, 2013, 2,384 shares of Class A Common Stock have been issued under the Plan. The Plan will continue until the earlier of termination by the board of directors or the date on which all of the share available for issuance under the plan have been issued. We did not recognize any compensation expense related to the Employee Stock Purchase Plan in 2013. Compensation expense relating to the Employee Stock Purchase Plan was $288, and $349 for the years ended December 31, 2012 and, 2011, respectively. | ||||||||||||||||
As of December 31, 2013, our total shares of Class A Common Stock reserved for future issuance is comprised of: | ||||||||||||||||
(in thousands) | ||||||||||||||||
Stock incentive plan | 3,529 | |||||||||||||||
Outstanding stock options | 17,177 | |||||||||||||||
Convertible notes (see Note 12) | 1,407 | |||||||||||||||
Note warrant hedge (see Note 12) | 10,001 | |||||||||||||||
For B to A conversion | 4,998 | |||||||||||||||
Employee stock purchase plan | 2,001 | |||||||||||||||
Total shares restricted for future use | 39,113 | |||||||||||||||
Non-cash stock based compensation expense was included in the following income statement captions for the years ended December 31: | ||||||||||||||||
2013 | 2012 | 2011 | ||||||||||||||
Direct costs of revenue | $ | 4,802 | $ | 6,131 | $ | 6,476 | ||||||||||
Research and development expense | 1,106 | 1,599 | 1,873 | |||||||||||||
Sales and marketing expense | 513 | 483 | 501 | |||||||||||||
General and administrative expense | 615 | 808 | 822 | |||||||||||||
Total non-cash stock compensation expense | $ | 7,036 | $ | 9,021 | $ | 9,672 | ||||||||||
Operating_Leases
Operating Leases | 12 Months Ended | ||||
Dec. 31, 2013 | |||||
Operating Leases | ' | ||||
19. Operating Leases | |||||
We lease office space and equipment under non-cancelable operating leases that expire on various dates through 2020. Future minimum payments under non-cancelable operating leases with initial terms of one year or more consisted of the following at December 31, 2013: | |||||
2014 | $ | 7,137 | |||
2015 | 5,795 | ||||
2016 | 5,401 | ||||
2017 | 3,626 | ||||
2018 | 357 | ||||
Beyond | 451 | ||||
$ | 22,767 | ||||
Our leases include offices in Annapolis, Maryland under a lease expiring in December 2016, a second facility in Annapolis under a lease expiring in April 2014, office space in Hanover, Maryland expiring August 2017, a facility in Seattle, Washington under a lease expiring in September 2017, and we lease a production facility in Tampa, Florida under a lease expiring in December 2014. The Annapolis facilities are utilized for executive and administrative offices, as well as portions of our Commercial and Government Segments. The Seattle facility is utilized by our Commercial Segment and the Tampa and Hanover facilities are utilized by our Government Segment. | |||||
We also lease office space in Aliso Viejo, California under a lease expiring in December 2017, offices in Tianjin, China under a lease expiring January 2017, a facility in Calgary, Alberta, Canada under a lease expiring March 2014, a facility near Atlanta, Georgia under a lease expiring May 2015, a facility in Richardson, Texas under a lease expiring April 2015, a facility in North Wollongong, Australia under a lease expiring April 2017. As a result of the 2011 acquisition of Trident, we lease office space in Torrance, California expiring January 2018. As a result of the 2012 acquisition of microDATA, we lease office space in Danville, Vermont expiring July 2014 and office space in Greenwood Village, Colorado expiring May 2020. Future payments on all of our leases are estimated including the minimum future rent escalations, if any, stipulated in the respective agreements. | |||||
Rent expense was $7,634, $7,490, and $7,067 for 2013, 2012, and 2011, respectively. |
Concentrations_of_Credit_Risk_
Concentrations of Credit Risk and Major Customers | 12 Months Ended | ||||||||||||||
Dec. 31, 2013 | |||||||||||||||
Concentrations of Credit Risk and Major Customers | ' | ||||||||||||||
20. Concentrations of Credit Risk and Major Customers | |||||||||||||||
Financial instruments that potentially subject us to concentrations of credit risk consist of accounts receivable and unbilled receivables. Those customers that comprised 10% or more of our revenue, accounts receivable and unbilled receivables are summarized in the following tables: | |||||||||||||||
Percentage of total revenue for the year ended December 31: | |||||||||||||||
Customer | Segment | 2013 | 2012 | 2011 | |||||||||||
U.S. government agencies and departments | Government | 32 | % | 44 | % | 35 | % | ||||||||
Verizon Wireless (various divisions, directly and through channel) | Commercial | 16 | % | 13 | % | 18 | % | ||||||||
MetroPCS | Commercial | <10 | % | <10 | % | 10 | % | ||||||||
Percentage of receivables (billed and unbilled) as of December 31: | |||||||||||||||
Customer | 2013 | 2012 | |||||||||||||
U.S. government agencies and departments | 10 | % | 35 | % | |||||||||||
Verizon Wireless (various divisions, directly and through channel) | 17 | % | 14 | % | |||||||||||
AT&T (various divisions) | 13 | % | <10 | % | |||||||||||
As of December 31, 2013, our total exposure to credit risk from the above customers was $26,643. As of December 31, 2012, our exposure to such risks was $59,806. We did not experience significant losses from amounts due to us by any customers for the year ended December 31, 2013 or 2012. |
Geographic_and_Business_Segmen
Geographic and Business Segment Information | 12 Months Ended | ||||||||||||||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||||||||||||||
Geographic and Business Segment Information | ' | ||||||||||||||||||||||||||||||||||||
21. Geographic and Business Segment Information | |||||||||||||||||||||||||||||||||||||
For 2013, 2012, and 2011, respectively, our revenue includes $38,220, $41,782, and $33,314 of revenue generated from customers outside of the United States. | |||||||||||||||||||||||||||||||||||||
Our two reporting segments are the Government Segment and the Commercial Segment. | |||||||||||||||||||||||||||||||||||||
Government Segment: We provide professional services including field support of deployable wireless systems and cybersecurity training to the U.S. Department of Defense and other government and foreign customers. We own and operate secure satellite teleport facilities, resell access to satellite airtime (known as space segment), and design, furnish, install and operate wireless communication systems and components, including our SwiftLink® deployable communication systems which integrate high speed, satellite, and, internet protocol technology with secure, federal government-approved cryptologic devices. | |||||||||||||||||||||||||||||||||||||
Commercial Segment: We are one of two leading companies that enable 9-1-1 call routing via cellular, Voice over Internet Protocol, and next generation technology. Other TCS hosted and managed services include cellular carrier infrastructure for text messaging and location-based platforms and applications, including turn-by-turn navigation. Commercial segment customers include wireless carrier network operators, Voice over Internet Protocol service providers, wireless device manufacturers, automotive industry suppliers, and state and local governments. | |||||||||||||||||||||||||||||||||||||
Management evaluates segment performance based on gross profit and all revenues reported below are from external customers. We do not maintain information regarding segment assets. Accordingly, asset information by reportable segment is not presented. | |||||||||||||||||||||||||||||||||||||
The following tables set forth the results of our reportable segments and a reconciliation of segment gross profit to net income (loss) for the years ended December 31: | |||||||||||||||||||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||||||||||||||||||
Gvmt | Comm | Total | Gvmt | Comm | Total | Gvmt | Comm | Total | |||||||||||||||||||||||||||||
Revenue | |||||||||||||||||||||||||||||||||||||
Services | $ | 131,078 | $ | 150,311 | $ | 281,389 | $ | 146,064 | $ | 159,054 | $ | 305,118 | $ | 129,213 | $ | 174,708 | $ | 303,921 | |||||||||||||||||||
Systems | 61,153 | 19,749 | 80,902 | 158,576 | 23,690 | 182,266 | 105,023 | 16,468 | 121,491 | ||||||||||||||||||||||||||||
Total revenue | 192,231 | 170,060 | 362,291 | 304,640 | 182,744 | 487,384 | 234,236 | 191,176 | 425,412 | ||||||||||||||||||||||||||||
Direct costs of revenue | |||||||||||||||||||||||||||||||||||||
Direct cost of services | 92,301 | 63,984 | 156,285 | 107,879 | 70,438 | 178,317 | 89,926 | 81,051 | 170,977 | ||||||||||||||||||||||||||||
Direct cost of systems | 50,445 | 16,593 | 67,038 | 133,638 | 15,222 | 148,860 | 89,957 | 13,241 | 103,198 | ||||||||||||||||||||||||||||
Total Direct costs of revenue | 142,746 | 80,577 | 223,323 | 241,517 | 85,660 | 327,177 | 179,883 | 94,292 | 274,175 | ||||||||||||||||||||||||||||
Gross profit | |||||||||||||||||||||||||||||||||||||
Services gross profit | 38,777 | 86,327 | 125,104 | 38,185 | 88,616 | 126,801 | 39,287 | 93,657 | 132,944 | ||||||||||||||||||||||||||||
Systems gross profit | 10,708 | 3,156 | 13,864 | 24,938 | 8,468 | 33,406 | 15,066 | 3,227 | 18,293 | ||||||||||||||||||||||||||||
Total gross profit | $ | 49,485 | $ | 89,483 | $ | 138,968 | $ | 63,123 | $ | 97,084 | $ | 160,207 | $ | 54,353 | $ | 96,884 | $ | 151,237 | |||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||||||||||||||||||
Total segment gross profit | $ | 138,968 | $ | 160,207 | $ | 151,237 | |||||||||||||||||||||||||||||||
Research and development expense | (34,308 | ) | (36,602 | ) | (37,098 | ) | |||||||||||||||||||||||||||||||
Sales and marketing expense | (28,495 | ) | (30,753 | ) | (29,394 | ) | |||||||||||||||||||||||||||||||
General and administrative expense | (54,689 | ) | (54,277 | ) | (46,218 | ) | |||||||||||||||||||||||||||||||
Depreciation and amortization of property and equipment | (14,853 | ) | (14,245 | ) | (12,135 | ) | |||||||||||||||||||||||||||||||
Amortization of acquired intangible assets | (4,570 | ) | (4,374 | ) | (5,535 | ) | |||||||||||||||||||||||||||||||
Impairment of goodwill and long-lived assets | (31,977 | ) | (125,703 | ) | — | ||||||||||||||||||||||||||||||||
Interest expense | (8,262 | ) | (7,383 | ) | (7,283 | ) | |||||||||||||||||||||||||||||||
Amortization of deferred financing fees | (3,403 | ) | (757 | ) | (798 | ) | |||||||||||||||||||||||||||||||
Gain (loss) on early retirement of debt | (178 | ) | 431 | — | |||||||||||||||||||||||||||||||||
Benefit (provision) for income taxes | (16,591 | ) | 15,491 | (5,412 | ) | ||||||||||||||||||||||||||||||||
Other income (expense), net | (239 | ) | (23 | ) | (360 | ) | |||||||||||||||||||||||||||||||
Net income (loss) | $ | (58,597 | ) | $ | (97,988 | ) | $ | 7,004 | |||||||||||||||||||||||||||||
Quarterly_Financial_Informatio
Quarterly Financial Information (Unaudited) | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Quarterly Financial Information (Unaudited) | ' | ||||||||||||||||
22. Quarterly Financial Information (Unaudited) | |||||||||||||||||
The following is a summary of the quarterly results of operations for 2013 and 2012. The quarterly information has not been audited, but in our opinion, includes all normal recurring adjustments, which are, in the opinion of the management, necessary for fair statement of the results of the interim periods. | |||||||||||||||||
2013 quarters (unaudited) | |||||||||||||||||
First | Second | Third | Fourth | ||||||||||||||
Revenue | $ | 94,794 | $ | 92,842 | $ | 96,033 | $ | 78,622 | |||||||||
Gross profit | $ | 35,481 | $ | 35,907 | $ | 35,783 | $ | 31,797 | |||||||||
Net loss | $ | (829 | ) | $ | (1,871 | ) | $ | (155 | ) | $ | -55,742 | ||||||
$ | (0.01 | ) | $ | (0.03 | ) | $ | (0.00 | ) | $ | (0.95 | ) | ||||||
Net loss per share — basic | |||||||||||||||||
$ | (0.01 | ) | $ | (0.03 | ) | $ | (0.00 | ) | $ | (0.95 | ) | ||||||
Net loss per share — diluted1 | |||||||||||||||||
1 | Shares issuable via the convertible notes are included if dilutive, in which case tax-effected interest expense on the debt is excluded from the determination of net income (loss) per share – diluted. For all periods reported in 2013 the shares issuable via the convertible notes were anti-dilutive and the tax-effected interest expense was excluded in determining net income (loss) per share. | ||||||||||||||||
2012 quarters (unaudited) | |||||||||||||||||
First | Second | Third | Fourth | ||||||||||||||
Revenue | $ | 100,035 | $ | 114,622 | $ | 140,056 | $ | 132,671 | |||||||||
Gross profit | $ | 34,390 | $ | 34,526 | $ | 44,126 | $ | 47,165 | |||||||||
Net income (loss) | $ | (369 | ) | $ | (111,117 | ) | $ | 4,179 | $ | 9,319 | |||||||
$ | (0.01 | ) | $ | (1.91 | ) | $ | 0.07 | $ | 0.16 | ||||||||
Net income (loss) per share — basic | |||||||||||||||||
$ | (0.01 | ) | $ | (1.91 | ) | $ | 0.07 | $ | 0.15 | ||||||||
Net income (loss) per share — diluted1 | |||||||||||||||||
1 | Shares issuable via the convertible notes are included if dilutive, in which case tax-effected interest expense on the debt is excluded from the determination of net income (loss) per share – diluted. For the third and fourth quarters of 2012 the shares issuable via the convertible notes were dilutive and the tax-effected interest expense of $718 and $721, respectively, was included in determining net income (loss) per share. |
Commitments_and_Contingencies
Commitments and Contingencies | 12 Months Ended |
Dec. 31, 2013 | |
Commitments and Contingencies | ' |
23. Commitments and Contingencies | |
Some customers may seek indemnification under their contractual arrangements with the Company for costs associated with defending lawsuits alleging infringement of certain patents through the use of our products and services, and the use of our products and services in combination with products and services of other vendors. In some cases we have agreed to assume the defense of the case. In others, the Company will continue to negotiate with these customers in good faith because the Company believes its technology does not infringe the cited patents and due to specific clauses within the customer contractual arrangements that may or may not give rise to an indemnification obligation. The Company cannot currently predict the outcome of these matters and the resolutions could have a material effect on our consolidated results of operations, financial position or cash flows. | |
Other than the items discussed immediately above, we are not currently subject to any other material legal proceedings. However, we may from time to time become a party to various legal proceedings arising in the ordinary course of our business. |
Significant_Accounting_Policie1
Significant Accounting Policies (Policies) | 12 Months Ended | |||||||||||
Dec. 31, 2013 | ||||||||||||
Description of Business | ' | |||||||||||
Description of Business | ||||||||||||
TeleCommunication Systems, Inc. develops and delivers highly reliable and secure wireless communication technology. While we manage and have historically reported two business segments, digital wireless voice and data communication technology is converging, so engineers from either segment are increasingly collaborating to address solution needs for customers of the other segment. We report two operating segments, Government (53% of 2013 revenue) and Commercial (47% of 2013 revenue). | ||||||||||||
Government Segment: We provide professional services including field support of deployable wireless systems and cybersecurity training to the U.S. Department of Defense and other government and foreign customers. We own and operate secure satellite teleport facilities, resell access to satellite airtime (known as space segment), and design, furnish, install and operate wireless communication systems and components, including our SwiftLink® deployable communication systems which integrate high speed, satellite, and, internet protocol technology with secure, federal government-approved cryptologic devices. | ||||||||||||
Commercial Segment: We are one of two leading companies that enable 9-1-1 call routing via cellular, Voice over Internet Protocol, and next generation technology. Other TCS hosted and managed services include cellular carrier infrastructure for text messaging and location-based platforms and applications, including turn-by-turn navigation. Commercial segment customers include wireless carrier network operators, Voice over Internet Protocol service providers, wireless device manufacturers, automotive industry suppliers, and state and local governments. | ||||||||||||
Use of Estimates | ' | |||||||||||
Use of Estimates. The preparation of financial statements in conformity with accounting principles generally accepted in the U.S. requires management to make estimates and assumptions that affect the reported amounts and related disclosures. Significant estimates and assumptions in these consolidated financial statements include estimates used in revenue recognition, fair value of business combinations, fair value associated with goodwill, intangible assets and long-lived asset impairment tests, estimated values of software development costs, income taxes and deferred tax valuation allowances, the fair value of marketable securities and stock based compensation, and legal and contingent liabilities. Actual results could differ from those estimates. | ||||||||||||
In 2013, TCS’s Platforms and Applications reporting unit’s goodwill and long-lived assets with a carrying value of $65,406 were written down to estimated fair value of $33,429, resulting in an impairment charge of $31,977 to goodwill and long-lived assets. We valued the existing technology using a discounted cash flow method to determine whether a write-down was necessary, and after concluding that a write-down was necessary, used a relief from royalty method to value the licensable technology. We then used a discounted cash flow method to determine the fair value of our Platforms and Applications reporting unit. | ||||||||||||
A summary of the impairment charge is set forth below: | ||||||||||||
Carrying | ||||||||||||
Value | ||||||||||||
January 1, | Fair Value | Total | ||||||||||
2013 | December 31, | |||||||||||
2013 | Impairment | |||||||||||
Charge | ||||||||||||
Goodwill – Platforms and Applications | $ | 36,121 | $ | 27,912 | $ | 8,209 | ||||||
Property and equipment, including capitalized software for internal use | 18,082 | 5,517 | 12,565 | |||||||||
Software development costs | 9,270 | — | 9,270 | |||||||||
Acquired intangible assets | 599 | — | 599 | |||||||||
Other assets | 1,334 | — | 1,334 | |||||||||
$ | 65,406 | $ | 33,429 | $ | 31,977 | |||||||
In 2012, TCS’s Navigation reporting unit’s goodwill and long-lived assets with a carrying value of $164,500 were written down to estimated fair value of $38,797, resulting in an impairment charge of $125,703 to Goodwill, Acquired intangibles, and Long-lived (fixed) assets. We used a discounted cash flow model to determine the fair value of goodwill and an income approach to determine the fair values of acquired intangibles, capitalized software, and long-lived assets. | ||||||||||||
Principles of Consolidation | ' | |||||||||||
Principles of Consolidation. The accompanying financial statements include the accounts of our wholly owned subsidiaries. All intercompany balances and transactions have been eliminated in consolidation. | ||||||||||||
Cash and Cash Equivalents | ' | |||||||||||
Cash and Cash Equivalents. Cash and cash equivalents include cash and highly liquid investments with a maturity of three months or less when purchased. Cash equivalents are reported at fair value, which approximates cost. | ||||||||||||
Marketable Securities | ' | |||||||||||
Marketable Securities. Our marketable securities are classified as available-for-sale. Our primary objectives when investing are to preserve principal, maintain liquidity, and obtain higher yield. Our intent is not specifically to invest and hold securities with longer term maturities. We have the ability and intent, if necessary, to liquidate any of these investments in order to meet our operating needs within the next twelve months. The securities are carried at fair market value based on quoted market price with net unrealized gains and losses in stockholders’ equity as a component of accumulated other comprehensive income. If we determine that a decline in fair value of the marketable securities is other than temporary, a realized loss would be recognized in earnings. Gains or losses on securities sold are based on the specific identification method and are recognized in earnings. We recorded immaterial net gains on the sale and maturity of marketable securities for the years ended December 31, 2013, 2012, and 2011 in Other income (expense), net. | ||||||||||||
Allowances for Doubtful Accounts Receivable | ' | |||||||||||
Allowances for Doubtful Accounts Receivable. Substantially all of our accounts receivable are trade receivables generated in the ordinary course of our business. We use estimates to determine the amount of the allowance for doubtful accounts necessary to reduce accounts receivable to their expected net realizable value. We estimate the amount of the required allowance by reviewing the status of significant past-due receivables and by establishing provisions for estimated losses by analyzing current and historical bad debt trends. Changes to our allowance for doubtful accounts are recorded as a component of general and administrative expenses in our accompanying Consolidated Statements of Operations. Our credit and collection policies and the financial strength of our customers are critical to us in maintaining a relatively small amount of write-offs of receivables. We generally do not require collateral from or enter netting agreements with our customers. Receivables that are ultimately deemed uncollectible are charged-off as a reduction of receivables and the allowance for doubtful accounts. | ||||||||||||
Inventory | ' | |||||||||||
Inventory. We maintain inventory of component parts and finished product for our deployable communications systems. Inventory is stated at the lower of cost or market value. Cost is based on the weighted average method. The cost basis for finished units includes manufacturing cost. | ||||||||||||
Property and Equipment | ' | |||||||||||
Property and Equipment. Property and equipment represents costs associated with our investment in information technology and telecommunications equipment, software, furniture and fixtures, leasehold improvements, as well as capitalized software developed for internal use, including hosted applications. Property and equipment is stated at cost less accumulated depreciation. Depreciation is computed using the straight-line method based on the estimated useful lives of the assets, generally five years for furniture, fixtures, and leasehold improvements and three to seven years for other types of assets including computers, software, and telephone equipment. | ||||||||||||
The carrying value of property and equipment is reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset or group of assets may not be fully recoverable. If an impairment indicator is present, we evaluate recoverability by a comparison of the carrying amount of the assets to future undiscounted net cash flows that we expect to generate from these assets. If the assets are impaired, we recognize an impairment charge equal to the amount by which the carrying amount exceeds the fair value of the assets using the appropriate valuation technique of market, income or cost approach. Assets to be disposed of are reported at the lower of carrying values or fair values, less estimated costs of disposal. | ||||||||||||
In 2013 and 2012, after adjusting projections for decreased expected revenue from services supported by our capitalized software for internal use included in property and equipment, we evaluated the recoverability of our Platforms and Applications and Navigation reporting units’ fixed assets, respectively, by comparing the carrying amount of the assets to future undiscounted net cash flows that we expect to generate from these assets. As a result of our review, we recorded an impairment charge of $12,565 and $12,987, respectively. No impairment charges were recorded in 2011. | ||||||||||||
Goodwill | ' | |||||||||||
Goodwill. Goodwill represents the excess of cost over the fair value of assets of acquired businesses. Goodwill is not amortized, but instead is evaluated for impairment in the fourth quarter of each year, or sooner should there be an indicator of impairment. We may assess qualitative factors to determine whether it is more likely than not an event or circumstance might indicate the fair value of the reporting unit is less than its carrying value. Such indicators include a sustained, significant decline in the Company’s stock price and market capitalization, a decline in the Company’s expected future cash flows, a significant adverse change in legal factors or in the business climate, unanticipated competition, and/or slower expected growth, among others. After completing our assessment of such qualitative factors, and if it is determined that it is more likely than not that the fair value of a reporting unit is less than its carrying value we perform a two-step process. The first step requires a comparison of the book value of net assets to the fair value of the reporting units that have goodwill assigned to them. If the fair value is determined to be less than the book value, a second step is performed to compute the amount of the impairment. In the second step, a fair value for goodwill is estimated, based in part on the fair value of the reporting unit used in the first step, and is compared to its carrying value. The shortfall of the fair value below carrying value, if any, would represent the amount of goodwill impairment. | ||||||||||||
For goodwill impairment testing, we have four reporting units. In 2013, we reorganized the Commercial Segment in order to better conform and integrate the product lines and create efficiencies, so that one management team is now responsible for all Commercial Platforms & Applications other than the 9-1-1 Safety and Security part of the Commercial Segment. Previously, our Commercial Segment was comprised of Navigation and Other Commercial reporting units. Our two Government Segment reporting units, the Government Solutions Group (“GSG”) unit and the Cyber Intelligence unit, remain the same. | ||||||||||||
In 2013, we recorded an $8,209 impairment charge for the excess of the carrying value of goodwill over the estimated fair value of our Platform and Applications reporting unit. In 2012, we recorded an $86,332 impairment charge for the excess of the carrying value of goodwill over the estimated fair value of our Navigation reporting unit. See Note 9 for additional details. No impairment charges were recorded in 2011. | ||||||||||||
Software Development Costs | ' | |||||||||||
Software Development Costs. Acquired technology, representing the estimated value of the proprietary technology acquired, has been recorded as capitalized software development costs. We also capitalize software development costs after we establish technological feasibility, and amortize those costs over the estimated useful lives of the software beginning on the date when the software is available for general release. | ||||||||||||
Costs are capitalized when technological feasibility has been established. For new products, technological feasibility is established when an operative version of the computer software product is completed in the same software language as the product to be ultimately marketed, performs all the major functions planned for the product, and has successfully completed initial customer testing. Technological feasibility for enhancements to an existing product is established when a detail program design is completed. Costs that are capitalized include direct labor and other direct costs. These costs are amortized on a product-by-product basis using the straight-line method over the product’s estimated useful life, between three and five years. Amortization is also computed using the ratio that current revenue for the product bears to the total of current and anticipated future revenue for that product (the revenue curve method). If this revenue curve method results in amortization greater than the amount computed using the straight-line method, amortization is recorded at that greater amount. Our policies to determine when to capitalize software development costs and how much to amortize in a given period require us to make subjective estimates and judgments. If our software products do not achieve the level of market acceptance that we expect and our future revenue estimates for these products change, the amount of amortization that we record may increase compared to prior periods. The amortization of capitalized software development costs is recorded as a cost of revenue. Amortization of capitalized software developments costs included in direct costs of services and systems were respectively $2,527 and 4,939 in 2013, $2,692 and 4,971 in 2012, and $6,901 and $3,870 in 2011. The decrease in capitalized software development costs included in services is directly related to the 2012 write-down of capitalized software development costs associated with the Navigation reporting unit. | ||||||||||||
Acquired technology is amortized over the product’s estimated useful life based on the valuation procedures performed at the time of the acquisition. Amortization is calculated using the straight-line method or the revenue curve method, whichever is greater. | ||||||||||||
We also capitalize costs related to software developed or obtained for internal use when management commits to funding the project and the project completes the preliminary project stage. Capitalization of such costs ceases when the project is substantially complete and ready for its intended use. Capitalized software developed for internal use is reported as part of property and equipment on our Consolidated Balance Sheets. | ||||||||||||
During 2013, we recognized a software development cost impairment charge of $9,270 after determining that costs related to our Platforms and Applications reporting unit were not recoverable based on decreased expected revenue from products using the software. During 2012, we recognized a software development cost impairment charge of $12,420 after determining that costs related our Navigation reporting were not recoverable based on decreased projected revenues and sales pipeline. No impairment charges were recorded in 2011. | ||||||||||||
Acquired Intangible Assets | ' | |||||||||||
Acquired Intangible Assets. Our acquired intangible assets have useful lives of four to nineteen years, including assets acquired in 2009 and 2012. We are amortizing these assets using the straight-line method. We have not incurred costs to renew or extend the term of acquired intangible assets. | ||||||||||||
We evaluate acquired intangible assets when events or changes in circumstances indicate that the carrying values of such assets might not be recoverable. Our review of factors present and the resulting appropriate carrying value of our acquired intangible assets are subject to judgments and estimates by management. Future events such as a significant underperformance relative to historical or projected future operating results, significant changes in the manner of our use of the acquired assets, and significant negative industry or economic trends could cause us to conclude that impairment indicators exist and that our acquired intangible assets might be impaired. In 2013, after adjusting projections for uncertainty at a significant customer, we recorded an impairment charge of $599 to acquired intangible assets related to our Platforms and Applications reporting unit. During the second quarter of 2012, after adjusting projections for the impact of a customer contract renegotiation, we recorded an impairment charge of $13,964 to acquired intangible assets related to our Navigation reporting unit. No impairment charges were recorded in 2011. | ||||||||||||
Deferred Compensation Plan | ' | |||||||||||
Deferred Compensation Plan. We have a non-qualified deferred compensation arrangement to fund certain supplemental executive retirement and deferred income plans. Under the terms of the arrangement, the participants may elect to defer the receipt of a portion of their compensation and each participant directs the manner in which their investments are deemed invested. The funds are held by us in a rabbi trust which include fixed income funds, equity securities, and money market accounts, or other investments for which there is an active quoted market, and are classified as trading securities. At December 31, 2013 and 2012, funds of $1,003 and $690, respectively, were included in Other assets and the deferred compensation liability of $637 and $394, respectively, were included in Other long-term liabilities on the Consolidated Balance Sheets. | ||||||||||||
Revenue Recognition | ' | |||||||||||
Revenue Recognition. We recognize revenue when all of the following criteria are met: (i) persuasive evidence of an arrangement exists, (ii) delivery has occurred, (iii) the fee is fixed or determinable, and (iv) the fee is probable of collection. | ||||||||||||
Revenue is reported as described below: | ||||||||||||
Services Revenue. Revenue from hosted and subscriber services consists of monthly recurring service fees and is recognized in the month earned. Maintenance fees are generally collected in advance and recognized ratably over the maintenance period. Services revenue for consulting, training and the design, development, deployment, field support and maintenance of communication systems is generated under time and materials contracts, cost plus fee contracts, or fixed price contracts. Revenue is recognized under time and materials contracts and cost plus fee contracts as billable costs are incurred. Fixed-price service contracts are accounted for using the proportional performance method. These contracts generally allow for monthly billing or billing upon achieving certain specified milestones. | ||||||||||||
Systems Revenue. We design, develop, and deploy custom communications products, components, and systems. Custom systems typically contain multiple elements, which may include hardware, installation, integration, and product licenses, which are either incidental or provide essential functionality. | ||||||||||||
We allocate the fees in a multi-element arrangement to each element based on the relative fair value of each element, using vendor-specific objective evidence (“VSOE”) of the fair value of each of the elements, if available. VSOE is generally determined based on the price charged when an element is sold separately. In the absence of VSOE of fair value, the fee is allocated among each element based on third-party evidence (“TPE”) of fair value, which is determined based on competitor pricing for similar deliverables when sold separately. When we are unable to establish fair value using VSOE or TPE, we use estimated selling price (“ESP”) to allocate value to each element. The objective of ESP is to determine the price at which we would transact a sale if the product or service were sold separately. We determine ESP for deliverables by considering multiple factors including, but not limited to, prices it charges for similar offerings, market conditions, competitive landscape, and pricing practices. | ||||||||||||
Fees from the development and implementation of custom systems are generally performed under time and materials and fixed fee contracts. Revenue is recognized under time and materials contracts and cost plus fee contracts as billable costs are incurred. Fixed-price product delivery contracts are accounted for using the percentage-of-completion or proportional performance method, measured either by total costs incurred as a percentage of total estimated costs at the completion of the contract, or direct labor costs incurred compared to estimated total direct labor costs for projects for which third-party hardware represents a significant portion of the total estimated costs. These contracts generally allow for monthly billing or billing upon achieving certain specified milestones. Any estimated losses under long-term contracts are recognized in their entirety at the date that it becomes probable of occurring. Revenue from hardware sales to monthly subscriber customers is recognized as systems revenue. We have contracts and purchase orders where revenue is recognized at the time products or services are delivered, or when the product is shipped and the risk of the loss is transferred to the buyer, net of discounts. | ||||||||||||
Software licenses are generally perpetual licenses for a specified number of users that allow for the purchase of annual maintenance at a specified rate. All fees are recognized as revenue when the four criteria described above are met. For multiple element arrangements that contain only software and software-related elements, we allocate the fees to each element based on the VSOE of fair value of each element. Systems containing software licenses include a 90-day warranty for defects. We have not incurred significant warranty costs on any software product to date, and no costs are currently accrued upon recording the related revenue. | ||||||||||||
Revenue generated from our intellectual property consists of patent infringement liabilities, upfront and non-refundable license fees, royalty fees, and sales of our patents. Revenue from upfront and non-refundable payments is recognized when the arrangement is executed. When patent licensing arrangements include royalties for future sales of products using our licensed patented technology, revenue is recognized when earned during the applicable period. Due to the nature of some of the agreements it may be difficult to establish VSOE of separate elements of an agreement, in these circumstances the appropriate recognition of revenue may require the use of judgment based on the particular facts and circumstances. In all cases, revenue from the licensing of our intellectual property is recognized when all of four of the revenue recognition criteria are met, and included in Commercial systems revenue. | ||||||||||||
When a customer is billed or we receive payment and we have not met all of the criteria for revenue recognition, the billed or paid amount is recorded as deferred revenue on our consolidated balance sheet. As the revenue recognition criteria are met, the deferred amounts are recognized as revenue. We defer direct project costs incurred in certain situations as dictated by authoritative accounting literature. We classify deferred revenue and deferred project costs on the consolidated balance sheet as either current or long-term depending on the expected product delivery dates or service coverage periods. Long-term deferred revenue is included in other liabilities and long-term deferred project costs are included in other assets on our Consolidated Balance Sheets. | ||||||||||||
Under our contracts with the U.S. Government for both systems and services, contract costs, including the allocated indirect expenses, are subject to audit and adjustment by the Defense Contract Audit Agency. We record revenue under these contracts at estimated net realizable amounts. | ||||||||||||
Advertising Costs | ' | |||||||||||
Advertising Costs. Advertising costs are expensed as incurred. Advertising expense totaled $104, $69, and $128, for the years ended December 31, 2013, 2012, and 2011, respectively. | ||||||||||||
Capitalized Interest | ' | |||||||||||
Capitalized Interest. Total interest incurred, including amortization of deferred financing fees, was $11,780, $8,278, and $8,249 for the years ended December 31, 2013, 2012, and 2011, respectively. Approximately $115, $138, and $168 of total interest incurred was capitalized as a component of software development costs during the year ended December 31, 2013, 2012, and 2011 respectively. | ||||||||||||
Stock-Based Compensation | ' | |||||||||||
Stock-Based Compensation. We have two stock-based employee compensation plans, which are described more fully in Note 18. Both the incentive stock option plan and the employee stock purchase plan are considered equity plans. The fair value of stock option grants are estimated on the date of grant using a Black-Scholes option-pricing model and expensed on a straight-line basis over the requisite service period of the options, which is generally three to five years. The employee stock purchase plan gives all employees an opportunity to purchase shares of our Class A common stock at a discount of 15% of the fair market value. | ||||||||||||
Research and Development Expense | ' | |||||||||||
Research and Development Expense. We incur research and development costs which are primarily comprised of compensation expenses for engineers engaged in the development and enhancement of software and integrated system products. Research and development cost is expensed as incurred or accounted for as set forth in “Software Development Cost” above. | ||||||||||||
Income Taxes | ' | |||||||||||
Income Taxes. We account for income taxes in accordance with ASC 740, Accounting for Income Taxes. Deferred tax assets and liabilities are computed based on the difference between the financial statement and income tax basis of assets and liabilities using enacted tax rates. Upon the adoption of ASC 740 on January 1, 2007, the estimated value of the Company’s uncertain tax positions was a liability of approximately $2,700 resulting from unrecognized net tax benefits which did not include interest and penalties and increased to $4,780 as of December 31, 2013. We recorded the estimated value of uncertain tax positions by reducing the value of certain tax attributes. We would classify any interest and penalties accrued on any unrecognized tax benefits as a component of the provision for income taxes. There were no interest or penalties recognized in the Consolidated Statements of Operations for 2013 and the Consolidated Balance Sheets at December 31, 2013. We do not currently anticipate that the total amounts of unrecognized tax benefits will significantly increase within the next 12 months. We file income tax returns in U.S. and various state and foreign jurisdictions. As of December 31, 2013, open tax years in the federal and some state jurisdictions date back to 1996, due to the taxing authorities’ ability to adjust operating loss carryforwards. | ||||||||||||
The accounting standards require that the net deferred tax asset be reduced by a valuation allowance if, based on the weight of available evidence, it is more likely than not that some portion of the net deferred tax asset will not be realized. This process requires management to make assessments regarding the timing and probability of the ultimate tax impact and to record valuation allowances on deferred tax assets if determined it is more likely than not that the asset will not be realized. Management also establishes reserves for uncertain tax positions based upon management’s judgment regarding potential future challenges to those positions. Actual income taxes could vary from these estimates due to future changes in income tax law, significant changes in the jurisdictions in which the Company operates, our inability to generate sufficient future taxable income or unpredicted results from the final determination of each year’s liability by taxing authorities. These changes could have a significant impact on the Company’s financial position. | ||||||||||||
Deferred tax assets consist primarily of net operating loss and tax credit carryforwards as well as deductible temporary differences. Prior to 2008 and at December 31, 2013, we provided a full valuation allowance for deferred tax assets based on management’s evaluation that our ability to realize such assets did not meet the criteria of “more likely than not”. We continuously evaluate additional facts representing positive and negative evidence in determining our ability to realize the deferred tax assets. | ||||||||||||
Other Comprehensive Income | ' | |||||||||||
Other Comprehensive Income. Other comprehensive income (loss) refers to revenue, expenses, gains and losses that under GAAP are included as a component of shareholders’ equity but are excluded from net income. Other comprehensive income consists of foreign currency translation adjustments and unrealized gains and losses on marketable securities classified as available-for-sale. | ||||||||||||
Fair Value of Financial Instruments | ' | |||||||||||
Fair Value Measurements. We apply valuation techniques, such as the market approach (comparable market prices), the income approach (present value of future income or cash flows), and the cost approach (cost to replace the service capacity of an asset or replacement cost) and uses a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value into three broad levels. The following is a brief description of those three levels: | ||||||||||||
Level 1: Observable inputs such as quoted prices (unadjusted) in active markets for identical assets or liabilities. | ||||||||||||
Level 2: Inputs other than quoted prices that are observable for the asset or liability, either directly or indirectly. These include quoted prices for similar assets or liabilities in active markets and quoted prices for identical or similar assets or liabilities in markets that are not active. | ||||||||||||
Level 3: Observable inputs that reflect the reporting entity’s own assumptions. | ||||||||||||
Our major categories of financial assets and liabilities subject to fair value measurements, including cash and cash equivalents and marketable securities that are held as available-for-sale, are measured on a recurring basis. Certain assets and liabilities, including long-lived assets, intangible assets and goodwill, are measured at fair value on a non-recurring basis. Additional disclosures regarding our fair value measurements are included in Note 15. | ||||||||||||
Recent Accounting Pronouncements | ' | |||||||||||
Recent Accounting Pronouncements. In February 2013, the FASB amended the disclosure requirements regarding the reporting of amounts reclassified out of accumulated other comprehensive income. The amendment does not change the current requirement for reporting net income or other comprehensive income, but requires additional disclosures about significant amounts reclassified out of accumulated other comprehensive income including the effect of the reclassification on the related net income line items. This amendment was adopted prospectively effective January 1, 2013. | ||||||||||||
In March 2013, the FASB amended guidance related to a parent company’s accounting for the release of the cumulative translation adjustment into net income upon derecognition of certain subsidiaries or groups of assets within a foreign entity or of an investment in a foreign entity. This guidance is effective for fiscal periods beginning after December 15, 2013, and is to be applied prospectively to derecognition events occurring after the effective date. We do not anticipate the adoption of this amendment will have a material impact on our financial statements. | ||||||||||||
In July 2013, the FASB amended guidance related to income taxes and the presentation of an unrecognized tax benefit when a net operating loss carryforward, a similar loss, or a tax credit carryforward exists. Under certain circumstances, unrecognized tax benefits should be presented in the financial statements as a reduction to a deferred tax asset for a net operating loss carryforward, a similar tax loss or a tax credit carryforward. This pronouncement is effective for fiscal years, and interim periods within those years, beginning after December 15, 2013, with early adoption permitted. We do not expect this pronouncement to have a material effect on our consolidated financial statements. |
Significant_Accounting_Policie2
Significant Accounting Policies (Tables) | 12 Months Ended | |||||||||||
Dec. 31, 2013 | ||||||||||||
Summary of Impairment Charge | ' | |||||||||||
A summary of the impairment charge is set forth below: | ||||||||||||
Carrying | ||||||||||||
Value | ||||||||||||
January 1, | Fair Value | Total | ||||||||||
2013 | December 31, | |||||||||||
2013 | Impairment | |||||||||||
Charge | ||||||||||||
Goodwill – Platforms and Applications | $ | 36,121 | $ | 27,912 | $ | 8,209 | ||||||
Property and equipment, including capitalized software for internal use | 18,082 | 5,517 | 12,565 | |||||||||
Software development costs | 9,270 | — | 9,270 | |||||||||
Acquired intangible assets | 599 | — | 599 | |||||||||
Other assets | 1,334 | — | 1,334 | |||||||||
$ | 65,406 | $ | 33,429 | $ | 31,977 | |||||||
Income_Per_Share_Tables
Income Per Share (Tables) | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Computation of Basic and Diluted Earnings Per Share | ' | ||||||||||||
The following table summarizes the computations of basic and diluted earnings per share for the years ended December 31: | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Numerator: | |||||||||||||
Net income (loss), basic and diluted | $ | (58,597 | ) | $ | (97,988 | ) | $ | 7,004 | |||||
Denominator: | |||||||||||||
Total basic weighted-average common shares outstanding | 58,611 | 57,889 | 56,722 | ||||||||||
Net effect of dilutive stock options based on treasury stock method | — | — | 1,859 | ||||||||||
Adjusted weighted average diluted shares | 58,611 | 57,889 | 58,581 | ||||||||||
$ | (1.00 | ) | $ | (1.69 | ) | $ | 0.12 | ||||||
Net income (loss) per share — basic | |||||||||||||
$ | (1.00 | ) | $ | (1.69 | ) | $ | 0.12 | ||||||
Net income (loss) per share — diluted | |||||||||||||
Marketable_Securities_Tables
Marketable Securities (Tables) | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Summary of Available-for-Sale Marketable Securities | ' | ||||||||||||||||
The following is a summary of available-for-sale marketable securities at December 31, 2013: | |||||||||||||||||
Amortized | Gross | Gross | Estimated | ||||||||||||||
Cost Basis | Unrealized | Unrealized | Fair Value | ||||||||||||||
Gains | Losses | ||||||||||||||||
Corporate bonds | $ | 18,798 | $ | 41 | $ | (6 | ) | $ | 18,833 | ||||||||
Mortgage-backed and asset-backed securities | 1,170 | 1 | — | 1,171 | |||||||||||||
Total marketable securities | $ | 19,968 | $ | 42 | $ | (6 | ) | $ | 20,004 | ||||||||
The following is a summary of available-for-sale marketable securities at December 31, 2012: | |||||||||||||||||
Amortized | Gross | Gross | Estimated | ||||||||||||||
Cost Basis | Unrealized | Unrealized | Fair Value | ||||||||||||||
Gains | Losses | ||||||||||||||||
Corporate bonds | $ | 13,102 | $ | 42 | $ | (3 | ) | $ | 13,141 | ||||||||
Mortgage-backed and asset-backed securities | 1,732 | 3 | (1 | ) | 1,734 | ||||||||||||
Total marketable securities | $ | 14,834 | $ | 45 | $ | (4 | ) | $ | 14,875 | ||||||||
Summary of Available-for-Sale Marketable Securities by Contractual Maturity | ' | ||||||||||||||||
The following table summarizes the estimated fair value of available-for-sale marketable securities by contractual maturity at December 31, 2013: | |||||||||||||||||
Fair Value | |||||||||||||||||
Due within 1 year or less | $ | 6,248 | |||||||||||||||
Due within 1-2 years | 9,538 | ||||||||||||||||
Due within 2-3 years | 4,218 | ||||||||||||||||
$ | 20,004 | ||||||||||||||||
The following table summarizes the estimated fair value of available-for-sale marketable securities by contractual maturity at December 31, 2012: | |||||||||||||||||
Fair Value | |||||||||||||||||
Due within 1 year or less | $ | 7,251 | |||||||||||||||
Due within 1-2 years | 3,557 | ||||||||||||||||
Due within 2-3 years | 4,067 | ||||||||||||||||
$ | 14,875 | ||||||||||||||||
Inventory_Tables
Inventory (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Components of Inventory | ' | ||||||||
Inventory consisted of the following at December 31: | |||||||||
2013 | 2012 | ||||||||
Component parts | $ | 7,710 | $ | 8,018 | |||||
Finished goods | 2,180 | 3,066 | |||||||
Total inventory | $ | 9,890 | $ | 11,084 | |||||
Property_and_Equipment_Tables
Property and Equipment (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Components of Property and Equipment | ' | ||||||||
Property and equipment consisted of the following at December 31: | |||||||||
2013 | 2012 | ||||||||
Computer equipment | $ | 59,499 | $ | 59,393 | |||||
Computer software | 38,097 | 49,088 | |||||||
Furniture and fixtures | 3,648 | 3,457 | |||||||
Leasehold improvements | 9,097 | 8,265 | |||||||
Land | 1,000 | 1,000 | |||||||
Vehicles | 82 | 117 | |||||||
Total property and equipment at cost | 111,423 | 121,320 | |||||||
Less: accumulated depreciation and amortization | (73,068 | ) | (72,050 | ) | |||||
Net property and equipment | $ | 38,355 | $ | 49,270 | |||||
Acquired_Intangible_Assets_Cap1
Acquired Intangible Assets, Capitalized Software Development Costs, and Goodwill (Tables) | 12 Months Ended | ||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||
Acquired Intangible Assets and Capitalized Software Development Costs | ' | ||||||||||||||||||||||||
Our acquired intangible assets and capitalized software development cost balances consisted of the following: | |||||||||||||||||||||||||
December 31, 2013 | December 31, 2012 | ||||||||||||||||||||||||
Gross | Accumulated | Net | Gross | Accumulated | Net | ||||||||||||||||||||
Carrying | Amortization | Carrying | Amortization | ||||||||||||||||||||||
Amount | Amount | ||||||||||||||||||||||||
Acquired intangible assets: | |||||||||||||||||||||||||
Customer lists and other | $ | 31,176 | $ | 10,173 | $ | 21,003 | $ | 34,733 | $ | 9,115 | $ | 25,618 | |||||||||||||
Trademarks and patents | — | — | — | 1,334 | 780 | 554 | |||||||||||||||||||
Total acquired intangible assets | $ | 31,176 | $ | 10,173 | $ | 21,003 | $ | 36,067 | $ | 9,895 | $ | 26,172 | |||||||||||||
$ | 5,969 | $ | 1,791 | $ | 4,178 | $ | 46,246 | $ | 27,317 | $ | 18,929 | ||||||||||||||
Software development costs | |||||||||||||||||||||||||
Total acquired intangible assets and software development costs | $ | 37,145 | $ | 11,964 | $ | 25,181 | $ | 82,313 | $ | 37,212 | $ | 45,101 | |||||||||||||
Estimated Future Amortization Expense | ' | ||||||||||||||||||||||||
Estimated future amortization expense: | |||||||||||||||||||||||||
Year ending December 31, 2014 | $ | 3,336 | |||||||||||||||||||||||
Year ending December 31, 2015 | 4,632 | ||||||||||||||||||||||||
Year ending December 31, 2016 | 4,632 | ||||||||||||||||||||||||
Year ending December 31, 2017 | 3,856 | ||||||||||||||||||||||||
Year ending December 31, 2018 | 3,065 | ||||||||||||||||||||||||
Thereafter | 5,660 | ||||||||||||||||||||||||
$ | 25,181 | ||||||||||||||||||||||||
Balances and Changes in Amount of Goodwill | ' | ||||||||||||||||||||||||
The balances and changes in amount of goodwill are as follows: | |||||||||||||||||||||||||
Commercial | Government | Total | |||||||||||||||||||||||
Segment | Segment | ||||||||||||||||||||||||
Balance as of December 31, 2011 | $ | 122,454 | $ | 54,023 | $ | 176,477 | |||||||||||||||||||
Adjustments to the purchase price allocation for the acquisition of Trident | — | 273 | 273 | ||||||||||||||||||||||
Goodwill from acquisition of microDATA | 22,032 | — | 22,032 | ||||||||||||||||||||||
Impairment charge related to the adjusted fair value of the Navigation reporting unit | (86,332 | ) | — | (86,332 | ) | ||||||||||||||||||||
Balance as of December 31, 2012 | 58,154 | 54,296 | 112,450 | ||||||||||||||||||||||
Impairment charge related to the adjusted fair value of the Platforms and Applications reporting unit | (8,209 | ) | — | (8,209 | ) | ||||||||||||||||||||
Balance as of December 31, 2013 | $ | 49,945 | $ | 54,296 | $ | 104,241 | |||||||||||||||||||
Reporting Units for Goodwill Impairment Testing | ' | ||||||||||||||||||||||||
Goodwill balances by reporting unit: | |||||||||||||||||||||||||
December 31, | |||||||||||||||||||||||||
2013 | |||||||||||||||||||||||||
Platforms and Applications | $ | 27,912 | |||||||||||||||||||||||
Safety and Security Group | 22,033 | ||||||||||||||||||||||||
Government Solutions Group | 26,141 | ||||||||||||||||||||||||
Cyber Intelligence | 28,155 | ||||||||||||||||||||||||
Total goodwill | $ | 104,241 | |||||||||||||||||||||||
December 31, | |||||||||||||||||||||||||
2012 | |||||||||||||||||||||||||
Navigation | $ | 22,102 | |||||||||||||||||||||||
Other Commercial | 36,052 | ||||||||||||||||||||||||
Government Solutions Group | 26,141 | ||||||||||||||||||||||||
Cyber Intelligence | 28,155 | ||||||||||||||||||||||||
Total goodwill | $ | 112,450 | |||||||||||||||||||||||
Accounts_Payable_and_Accrued_E1
Accounts Payable and Accrued Expenses (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Accounts Payable and Accrued Expenses | ' | ||||||||
Accounts payable and accrued expenses at December 31 were: | |||||||||
2013 | 2012 | ||||||||
Accounts payable | $ | 10,341 | $ | 15,929 | |||||
Accrued expenses | 14,031 | 21,774 | |||||||
Total accounts payable and accrued expenses | $ | 24,372 | $ | 37,703 | |||||
LongTerm_Debt_Tables
Long-Term Debt (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Long-term Debt | ' | ||||||||
Long-term debt consisted of at December 31: | |||||||||
2013 | 2012 | ||||||||
Senior credit facility | $ | 66,084 | $ | — | |||||
7.75% Convertible notes | 50,000 | — | |||||||
4.5% Convertible notes | 14,562 | 93,500 | |||||||
Bank term loan paid in full June 26, 2013 | — | 41,779 | |||||||
Promissory notes payable to microDATA sellers | 4,809 | 14,010 | |||||||
Total long-term debt | 135,455 | 149,289 | |||||||
(25,089 | ) | (16,784 | ) | ||||||
Less: current portion | |||||||||
Non-current portion of long-term debt | $ | 110,366 | $ | 132,505 | |||||
Aggregate Maturities of Long-term Debt | ' | ||||||||
Aggregate maturities of long-term debt at December 31, 2013 are as follows: | |||||||||
2014 | $ | 25,089 | |||||||
2015 | 3,325 | ||||||||
2016 | 3,740 | ||||||||
2017 | 6,153 | ||||||||
2018 | 97,148 | ||||||||
Total long-term debt | $ | 135,455 | |||||||
Capital_Leases_Tables
Capital Leases (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Capital Leases Included in Property and Equipment | ' | ||||||||
We lease certain equipment under capital leases. Property and equipment included the following amounts for capital leases at December 31: | |||||||||
2013 | 2012 | ||||||||
Computer equipment | $ | 20,409 | $ | 23,107 | |||||
Computer software | 3,304 | 4,302 | |||||||
Furniture and fixtures | 90 | 176 | |||||||
Leasehold improvements | 42 | 51 | |||||||
Total equipment under capital lease at cost | 23,845 | 27,636 | |||||||
Less: accumulated amortization | (9,886 | ) | (13,529 | ) | |||||
Net property and equipment under capital leases | $ | 13,959 | $ | 14,107 | |||||
Future Minimum Payments Under Capital Lease Obligations | ' | ||||||||
Future minimum payments under capital lease obligations consisted of the following at December 31, 2013: | |||||||||
2014 | $ | 5,501 | |||||||
2015 | 3,858 | ||||||||
2016 | 2,319 | ||||||||
2017 | 1,206 | ||||||||
2018 | 20 | ||||||||
Total minimum lease payments | 12,904 | ||||||||
Less: amounts representing interest | (830 | ) | |||||||
Present value of net minimum lease payments (including current portion of $5,056) | $ | 12,074 | |||||||
Fair_Value_Measurements_Tables
Fair Value Measurements (Tables) | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Assets and Liabilities Subject to Fair Value Measurements on Recurring Basis and Required Disclosures | ' | ||||||||||||||||
Our assets and liabilities subject to fair value measurements on a recurring basis and the required disclosures are: | |||||||||||||||||
As of December 31, 2013 | Fair Value | Fair Value Measurements | |||||||||||||||
Using Fair Value Hierarchy | |||||||||||||||||
Total | Level 1 | Level 2 | Level 3 | ||||||||||||||
Assets: | |||||||||||||||||
Cash and cash equivalents | $ | 41,904 | $ | 41,904 | $ | — | $ | — | |||||||||
Corporate bonds | 18,498 | 18,498 | — | — | |||||||||||||
Mortgage-backed and asset-backed securities | 1,506 | 1,506 | — | — | |||||||||||||
Marketable securities | 20,004 | 20,004 | — | — | |||||||||||||
Deferred compensation plan investments | 1,003 | 1,003 | — | — | |||||||||||||
Assets at Fair Value | $ | 62,911 | $ | 62,911 | $ | — | $ | — | |||||||||
Liabilities: | |||||||||||||||||
Deferred compensation | $ | 637 | $ | 637 | $ | — | $ | — | |||||||||
Contractual acquisition earn-outs | 369 | — | — | 369 | |||||||||||||
Liabilities at Fair Value | $ | 1,006 | $ | 637 | $ | — | $ | 369 | |||||||||
As of December 31, 2012 | Fair Value | Fair Value Measurements | |||||||||||||||
Using Fair Value Hierarchy | |||||||||||||||||
Total | Level 1 | Level 2 | Level 3 | ||||||||||||||
Assets: | |||||||||||||||||
Cash and cash equivalents | $ | 36,623 | $ | 36,623 | $ | — | $ | — | |||||||||
Corporate bonds | 13,141 | 13,141 | — | — | |||||||||||||
Mortgage-backed and asset-backed securities | 1,734 | 1,734 | — | — | |||||||||||||
Marketable securities | 14,875 | 14,875 | — | — | |||||||||||||
Deferred compensation plan investments | 690 | 690 | — | — | |||||||||||||
Assets at Fair Value | $ | 52,188 | $ | 52,188 | $ | — | $ | — | |||||||||
Liabilities: | |||||||||||||||||
Deferred compensation | $ | 394 | $ | 394 | $ | — | $ | — | |||||||||
Contractual acquisition earn-outs | 508 | — | — | 508 | |||||||||||||
Liabilities at Fair Value | $ | 902 | $ | 394 | $ | — | $ | 508 | |||||||||
Summary of Changes in Contractual Acquisition Earn-Outs Measured at Fair Value on Recurring Basis Using Significant Unobservable Inputs | ' | ||||||||||||||||
The following table provides a summary of the changes in the contractual acquisition earn-outs measured at fair value on a recurring basis using significant unobservable inputs (Level 3) during the year ended December 31, 2013: | |||||||||||||||||
Fair Value | |||||||||||||||||
Measurements | |||||||||||||||||
Using Significant | |||||||||||||||||
Unobservable | |||||||||||||||||
Inputs (Level 3) | |||||||||||||||||
Balance at January 1, 2013 | $ | 508 | |||||||||||||||
Fair value adjustment recognized in earnings | (139 | ) | |||||||||||||||
Balance at December 31, 2013 | $ | 369 | |||||||||||||||
Income_Taxes_Tables
Income Taxes (Tables) | 12 Months Ended | ||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||
Provisions (Benefits) for Income Taxes | ' | ||||||||||||||||||||||||
Our income tax provisions (benefits) for the years ended December 31 were: | |||||||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||||||
Current: | |||||||||||||||||||||||||
Federal | $ | 32 | $ | (82 | ) | $ | 5,924 | ||||||||||||||||||
Foreign | 300 | — | — | ||||||||||||||||||||||
State | 228 | 47 | 512 | ||||||||||||||||||||||
Total current | 560 | (35 | ) | 6,436 | |||||||||||||||||||||
Deferred: | |||||||||||||||||||||||||
Federal | 12,953 | (14,107 | ) | (1,247 | ) | ||||||||||||||||||||
Foreign | (87 | ) | — | — | |||||||||||||||||||||
State | 3,165 | (1,349 | ) | 223 | |||||||||||||||||||||
Total deferred | 16,031 | (15,456 | ) | (1,024 | ) | ||||||||||||||||||||
Total provision (benefit) for income taxes | $ | 16,591 | $ | (15,491 | ) | $ | 5,412 | ||||||||||||||||||
Deferred Tax Assets and Liabilities | ' | ||||||||||||||||||||||||
Deferred tax assets and liabilities at December 31 were: | |||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||
Deferred tax assets: | |||||||||||||||||||||||||
Net operating loss carryforwards | $ | 6,416 | $ | 4,773 | |||||||||||||||||||||
Research and development tax credit carryforwards | 8,790 | 7,564 | |||||||||||||||||||||||
Stock-based compensation expense | 6,153 | 5,945 | |||||||||||||||||||||||
Deferred revenue | 7,040 | 5,197 | |||||||||||||||||||||||
Reserves and accrued expenses | 1,745 | 3,034 | |||||||||||||||||||||||
Alternative minimum tax credit | 2,091 | 2,101 | |||||||||||||||||||||||
Identified intangibles accounting | 110 | 1,785 | |||||||||||||||||||||||
Deferred compensation | 372 | 275 | |||||||||||||||||||||||
Deferred financing fees | 482 | — | |||||||||||||||||||||||
Other | 1,197 | 1,386 | |||||||||||||||||||||||
Total deferred tax assets | 34,396 | 32,060 | |||||||||||||||||||||||
Deferred tax liabilities: | |||||||||||||||||||||||||
Capitalized software development costs | (2,103 | ) | (12,017 | ) | |||||||||||||||||||||
Depreciation and amortization | (2,009 | ) | (3,269 | ) | |||||||||||||||||||||
Other | — | (30 | ) | ||||||||||||||||||||||
Total deferred tax liabilities | (4,112 | ) | (15,316 | ) | |||||||||||||||||||||
Net deferred tax asset | 30,284 | 16,744 | |||||||||||||||||||||||
Valuation allowance for net deferred tax asset | (30,284 | ) | (698 | ) | |||||||||||||||||||||
Net deferred tax asset | $ | — | $ | 16,046 | |||||||||||||||||||||
Reconciliations of Reported Income Tax Provision to Amount that would Result by Applying Federal Statutory Rate | ' | ||||||||||||||||||||||||
The reconciliations of the reported income tax provision to the amount that would result by applying the U.S. federal statutory rate of 35% to the income for the years ended December 31 as follows: | |||||||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||||||
Income tax (benefit) statutory rate | $ | (14,702 | ) | 35 | % | $ | (39,718 | ) | 35 | % | $ | 4,346 | 35 | % | |||||||||||
Goodwill impairment charge | 1,758 | (4.2 | %) | 30,136 | (26.6 | %) | — | — | |||||||||||||||||
Change in valuation allowance | 30,284 | (72.1 | %) | — | — | — | — | ||||||||||||||||||
Non-deductible stock-based compensation expense | 1,258 | (3.0 | %) | 1,849 | (1.6 | %) | 2,024 | 16.3 | % | ||||||||||||||||
Research and development tax credit | (639 | ) | 1.5 | % | (858 | ) | 0.8 | % | (485 | ) | (3.9 | %) | |||||||||||||
Worthless stock deduction | — | — | (1,646 | ) | 1.5 | % | — | — | |||||||||||||||||
State income tax (benefit) | (692 | ) | 1.7 | % | (1,156 | ) | 1 | % | 424 | 3.4 | % | ||||||||||||||
Original issue discount amortization | (2,993 | ) | 7.1 | % | (1,678 | ) | 1.5 | % | (1,520 | ) | (12.2 | %) | |||||||||||||
Other | 2,317 | (5.5 | %) | (2,420 | ) | 2.1 | % | 623 | 5 | % | |||||||||||||||
Income tax (benefit) provision | $ | 16,591 | (39.5 | %) | $ | (15,491 | ) | 13.7 | % | $ | 5,412 | 43.6 | % | ||||||||||||
Activity Related to Unrecognized Tax Benefits Excluding Interest, Penalties, and Related Tax Carry Forwards | ' | ||||||||||||||||||||||||
The following table summarizes the 2012 and 2013 activity related to the unrecognized tax benefits (excluding interest, penalties and related tax carryforwards): | |||||||||||||||||||||||||
Balance at December 31, 2011 | $ | 3,291 | |||||||||||||||||||||||
Increases related to prior year tax positions | 117 | ||||||||||||||||||||||||
Decreases related to prior year tax positions | (149 | ) | |||||||||||||||||||||||
Increases related to current year tax positions | 187 | ||||||||||||||||||||||||
Balance at December 31, 2012 | 3,446 | ||||||||||||||||||||||||
Increases related to prior year tax positions | 1,040 | ||||||||||||||||||||||||
Increases related to current year tax positions | 294 | ||||||||||||||||||||||||
Balance at December 31, 2013 | $ | 4,780 | |||||||||||||||||||||||
Stockbased_Compensation_Plans_
Stock-based Compensation Plans (Tables) | 12 Months Ended | |||||||||||||||
Dec. 31, 2013 | ||||||||||||||||
Assumptions in Calculating Fair Value of Stock Options Using Black Scholes | ' | |||||||||||||||
Our assumptions in calculating the fair value of our stock options using Black-Scholes our assumptions for the years ended December 31 were as follows: | ||||||||||||||||
2013 | 2012 | 2011 | ||||||||||||||
Expected life (in years) | 5.5 | 5.5 | 5.5 | |||||||||||||
Risk-free interest rate (%) | 1%-1.5% | 1%-1.1% | 1%-2.4% | |||||||||||||
Volatility (%) | 63%-64% | 61%-64% | 60%-61% | |||||||||||||
Dividend yield (%) | 0% | 0% | 0% | |||||||||||||
Summary of Stock Option Activity and Related Information | ' | |||||||||||||||
A summary of our stock option activity and related information consisted of the following (all share amounts in thousands): | ||||||||||||||||
Number of | Weighted | Weighted-Average | Aggregate | |||||||||||||
Options | Average | Remaining | Intrinsic | |||||||||||||
Exercise | Contractual | Value | ||||||||||||||
Price | Term | $0 | ||||||||||||||
(years) | ||||||||||||||||
Outstanding at December 31, 2012 | 17,222 | $ | 4.72 | |||||||||||||
Granted | 2,803 | 2.41 | ||||||||||||||
Exercised | (96 | ) | 1.82 | |||||||||||||
Expired | (946 | ) | 5.49 | |||||||||||||
Forfeited | (1,806 | ) | 3.26 | |||||||||||||
Outstanding, December 31, 2013 | 17,177 | $ | 4.47 | 5.3 | $ | 379 | ||||||||||
Exercisable, December 31, 2013 | 12,025 | $ | 4.99 | 4 | $ | 84 | ||||||||||
Vested and expected to vest, December 31, 2013 | 16,131 | $ | 4.99 | 4 | $ | 295 | ||||||||||
Summary of Restricted Stock Activity | ' | |||||||||||||||
A summary of our restricted stock activity consisted of the following (all share amounts in thousands): | ||||||||||||||||
Nonvested Shares | Weighted | |||||||||||||||
Average | ||||||||||||||||
Grant Date | ||||||||||||||||
Fair Value | ||||||||||||||||
Nonvested at December 31, 2012 | 1,344 | $ | 3.1 | |||||||||||||
Granted | 1,444 | 2.38 | ||||||||||||||
Vested and surrendered | (570 | ) | 3.06 | |||||||||||||
Nonvested at December 31, 2013 | 2,218 | $ | 2.68 | |||||||||||||
Total Class A Common Stock Reserved for Future Issuance | ' | |||||||||||||||
As of December 31, 2013, our total shares of Class A Common Stock reserved for future issuance is comprised of: | ||||||||||||||||
(in thousands) | ||||||||||||||||
Stock incentive plan | 3,529 | |||||||||||||||
Outstanding stock options | 17,177 | |||||||||||||||
Convertible notes (see Note 12) | 1,407 | |||||||||||||||
Note warrant hedge (see Note 12) | 10,001 | |||||||||||||||
For B to A conversion | 4,998 | |||||||||||||||
Employee stock purchase plan | 2,001 | |||||||||||||||
Total shares restricted for future use | 39,113 | |||||||||||||||
Non-Cash Stock Based Compensation Expense | ' | |||||||||||||||
Non-cash stock based compensation expense was included in the following income statement captions for the years ended December 31: | ||||||||||||||||
2013 | 2012 | 2011 | ||||||||||||||
Direct costs of revenue | $ | 4,802 | $ | 6,131 | $ | 6,476 | ||||||||||
Research and development expense | 1,106 | 1,599 | 1,873 | |||||||||||||
Sales and marketing expense | 513 | 483 | 501 | |||||||||||||
General and administrative expense | 615 | 808 | 822 | |||||||||||||
Total non-cash stock compensation expense | $ | 7,036 | $ | 9,021 | $ | 9,672 | ||||||||||
Operating_Leases_Tables
Operating Leases (Tables) | 12 Months Ended | ||||
Dec. 31, 2013 | |||||
Future Minimum Payments Under Non-Cancelable Operating Leases with Initial Terms of One Year or More | ' | ||||
We lease office space and equipment under non-cancelable operating leases that expire on various dates through 2020. Future minimum payments under non-cancelable operating leases with initial terms of one year or more consisted of the following at December 31, 2013: | |||||
2014 | $ | 7,137 | |||
2015 | 5,795 | ||||
2016 | 5,401 | ||||
2017 | 3,626 | ||||
2018 | 357 | ||||
Beyond | 451 | ||||
$ | 22,767 | ||||
Concentrations_of_Credit_Risk_1
Concentrations of Credit Risk and Major Customers (Tables) | 12 Months Ended | ||||||||||||||
Dec. 31, 2013 | |||||||||||||||
Summary of Customers Revenue, Accounts Receivable and Unbilled Receivables | ' | ||||||||||||||
Financial instruments that potentially subject us to concentrations of credit risk consist of accounts receivable and unbilled receivables. Those customers that comprised 10% or more of our revenue, accounts receivable and unbilled receivables are summarized in the following tables: | |||||||||||||||
Percentage of total revenue for the year ended December 31: | |||||||||||||||
Customer | Segment | 2013 | 2012 | 2011 | |||||||||||
U.S. government agencies and departments | Government | 32 | % | 44 | % | 35 | % | ||||||||
Verizon Wireless (various divisions, directly and through channel) | Commercial | 16 | % | 13 | % | 18 | % | ||||||||
MetroPCS | Commercial | <10 | % | <10 | % | 10 | % | ||||||||
Percentage of receivables (billed and unbilled) as of December 31: | |||||||||||||||
Customer | 2013 | 2012 | |||||||||||||
U.S. government agencies and departments | 10 | % | 35 | % | |||||||||||
Verizon Wireless (various divisions, directly and through channel) | 17 | % | 14 | % | |||||||||||
AT&T (various divisions) | 13 | % | <10 | % | |||||||||||
Geographic_and_Business_Segmen1
Geographic and Business Segment Information (Tables) | 12 Months Ended | ||||||||||||||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||||||||||||||
Segment Reporting Information by Segment | ' | ||||||||||||||||||||||||||||||||||||
The following tables set forth the results of our reportable segments and a reconciliation of segment gross profit to net income (loss) for the years ended December 31: | |||||||||||||||||||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||||||||||||||||||
Gvmt | Comm | Total | Gvmt | Comm | Total | Gvmt | Comm | Total | |||||||||||||||||||||||||||||
Revenue | |||||||||||||||||||||||||||||||||||||
Services | $ | 131,078 | $ | 150,311 | $ | 281,389 | $ | 146,064 | $ | 159,054 | $ | 305,118 | $ | 129,213 | $ | 174,708 | $ | 303,921 | |||||||||||||||||||
Systems | 61,153 | 19,749 | 80,902 | 158,576 | 23,690 | 182,266 | 105,023 | 16,468 | 121,491 | ||||||||||||||||||||||||||||
Total revenue | 192,231 | 170,060 | 362,291 | 304,640 | 182,744 | 487,384 | 234,236 | 191,176 | 425,412 | ||||||||||||||||||||||||||||
Direct costs of revenue | |||||||||||||||||||||||||||||||||||||
Direct cost of services | 92,301 | 63,984 | 156,285 | 107,879 | 70,438 | 178,317 | 89,926 | 81,051 | 170,977 | ||||||||||||||||||||||||||||
Direct cost of systems | 50,445 | 16,593 | 67,038 | 133,638 | 15,222 | 148,860 | 89,957 | 13,241 | 103,198 | ||||||||||||||||||||||||||||
Total Direct costs of revenue | 142,746 | 80,577 | 223,323 | 241,517 | 85,660 | 327,177 | 179,883 | 94,292 | 274,175 | ||||||||||||||||||||||||||||
Gross profit | |||||||||||||||||||||||||||||||||||||
Services gross profit | 38,777 | 86,327 | 125,104 | 38,185 | 88,616 | 126,801 | 39,287 | 93,657 | 132,944 | ||||||||||||||||||||||||||||
Systems gross profit | 10,708 | 3,156 | 13,864 | 24,938 | 8,468 | 33,406 | 15,066 | 3,227 | 18,293 | ||||||||||||||||||||||||||||
Total gross profit | $ | 49,485 | $ | 89,483 | $ | 138,968 | $ | 63,123 | $ | 97,084 | $ | 160,207 | $ | 54,353 | $ | 96,884 | $ | 151,237 | |||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||||||||||||||||||
Total segment gross profit | $ | 138,968 | $ | 160,207 | $ | 151,237 | |||||||||||||||||||||||||||||||
Research and development expense | (34,308 | ) | (36,602 | ) | (37,098 | ) | |||||||||||||||||||||||||||||||
Sales and marketing expense | (28,495 | ) | (30,753 | ) | (29,394 | ) | |||||||||||||||||||||||||||||||
General and administrative expense | (54,689 | ) | (54,277 | ) | (46,218 | ) | |||||||||||||||||||||||||||||||
Depreciation and amortization of property and equipment | (14,853 | ) | (14,245 | ) | (12,135 | ) | |||||||||||||||||||||||||||||||
Amortization of acquired intangible assets | (4,570 | ) | (4,374 | ) | (5,535 | ) | |||||||||||||||||||||||||||||||
Impairment of goodwill and long-lived assets | (31,977 | ) | (125,703 | ) | — | ||||||||||||||||||||||||||||||||
Interest expense | (8,262 | ) | (7,383 | ) | (7,283 | ) | |||||||||||||||||||||||||||||||
Amortization of deferred financing fees | (3,403 | ) | (757 | ) | (798 | ) | |||||||||||||||||||||||||||||||
Gain (loss) on early retirement of debt | (178 | ) | 431 | — | |||||||||||||||||||||||||||||||||
Benefit (provision) for income taxes | (16,591 | ) | 15,491 | (5,412 | ) | ||||||||||||||||||||||||||||||||
Other income (expense), net | (239 | ) | (23 | ) | (360 | ) | |||||||||||||||||||||||||||||||
Net income (loss) | $ | (58,597 | ) | $ | (97,988 | ) | $ | 7,004 | |||||||||||||||||||||||||||||
Quarterly_Financial_Informatio1
Quarterly Financial Information (Unaudited) (Tables) | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Summary of Quarterly Results of Operations | ' | ||||||||||||||||
The following is a summary of the quarterly results of operations for 2013 and 2012. The quarterly information has not been audited, but in our opinion, includes all normal recurring adjustments, which are, in the opinion of the management, necessary for fair statement of the results of the interim periods. | |||||||||||||||||
2013 quarters (unaudited) | |||||||||||||||||
First | Second | Third | Fourth | ||||||||||||||
Revenue | $ | 94,794 | $ | 92,842 | $ | 96,033 | $ | 78,622 | |||||||||
Gross profit | $ | 35,481 | $ | 35,907 | $ | 35,783 | $ | 31,797 | |||||||||
Net loss | $ | (829 | ) | $ | (1,871 | ) | $ | (155 | ) | $ | -55,742 | ||||||
$ | (0.01 | ) | $ | (0.03 | ) | $ | (0.00 | ) | $ | (0.95 | ) | ||||||
Net loss per share — basic | |||||||||||||||||
$ | (0.01 | ) | $ | (0.03 | ) | $ | (0.00 | ) | $ | (0.95 | ) | ||||||
Net loss per share — diluted1 | |||||||||||||||||
1 | Shares issuable via the convertible notes are included if dilutive, in which case tax-effected interest expense on the debt is excluded from the determination of net income (loss) per share – diluted. For all periods reported in 2013 the shares issuable via the convertible notes were anti-dilutive and the tax-effected interest expense was excluded in determining net income (loss) per share. | ||||||||||||||||
2012 quarters (unaudited) | |||||||||||||||||
First | Second | Third | Fourth | ||||||||||||||
Revenue | $ | 100,035 | $ | 114,622 | $ | 140,056 | $ | 132,671 | |||||||||
Gross profit | $ | 34,390 | $ | 34,526 | $ | 44,126 | $ | 47,165 | |||||||||
Net income (loss) | $ | (369 | ) | $ | (111,117 | ) | $ | 4,179 | $ | 9,319 | |||||||
$ | (0.01 | ) | $ | (1.91 | ) | $ | 0.07 | $ | 0.16 | ||||||||
Net income (loss) per share — basic | |||||||||||||||||
$ | (0.01 | ) | $ | (1.91 | ) | $ | 0.07 | $ | 0.15 | ||||||||
Net income (loss) per share — diluted1 | |||||||||||||||||
1 | Shares issuable via the convertible notes are included if dilutive, in which case tax-effected interest expense on the debt is excluded from the determination of net income (loss) per share – diluted. For the third and fourth quarters of 2012 the shares issuable via the convertible notes were dilutive and the tax-effected interest expense of $718 and $721, respectively, was included in determining net income (loss) per share. |
Significant_Accounting_Policie3
Significant Accounting Policies - Additional Information (Detail) (USD $) | 12 Months Ended | 12 Months Ended | 3 Months Ended | 12 Months Ended | 12 Months Ended | |||||||||||||||||||||||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Jan. 01, 2007 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
CompensationPlan | Deferred Compensation Plan | Deferred Compensation Plan | Deferred Compensation Plan | Deferred Compensation Plan | Minimum | Minimum | Maximum | Maximum | Furniture, Fixtures and Leasehold improvements | Computers, software, and telephone equipment | Computers, software, and telephone equipment | Government | Commercial | Platforms And Applications | Platforms And Applications | Platforms And Applications | Navigation Reporting Unit | Service | Service | Service | Systems | Systems | Systems | Systems | ||||
Segment | Rabbi Trust | Rabbi Trust | Deferred Compensation Liabilities | Deferred Compensation Liabilities | Software development costs | Software development costs | Minimum | Maximum | Software development costs | Software development costs | Software development costs | Software development costs | Software development costs | Software development costs | ||||||||||||||
Significant Accounting Policies [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of operating segments | 2 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Percentage of total revenue | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 53.00% | 47.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Estimated useful lives | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '5 years | '3 years | '7 years | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Impairment charge related to goodwill | $8,209 | $86,332 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $8,209 | $8,209 | ' | $86,332 | ' | ' | ' | ' | ' | ' | ' |
Useful lives of intangible assets | ' | ' | ' | ' | ' | ' | ' | ' | '4 years | '3 years | '19 years | '5 years | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Amortization of capitalized software developments costs | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2,527 | 2,692 | 6,901 | ' | 4,939 | 4,971 | 3,870 |
Impairment charge related to capitalized software development | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 9,270 | ' | 12,420 | ' | ' | ' | ' | ' | ' | ' |
Impairment charge related to acquired intangible assets | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 599 | ' | 13,964 | ' | ' | ' | ' | ' | ' | ' |
Other assets | ' | ' | ' | ' | 1,003 | 690 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Other liabilities | 1,124 | 2,378 | ' | ' | ' | ' | 637 | 394 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Advertising expenses | 104 | 69 | 128 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Interest incurred, including amortization of deferred financing fees | 11,780 | 8,278 | 8,249 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Interest capitalized as a component of software development costs | 115 | 138 | 168 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of stock-based employee compensation plans | 2 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Stock option plan grants, requisite service period | ' | ' | ' | ' | ' | ' | ' | ' | '3 years | ' | '5 years | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Employee stock purchase plan, purchase price, discount on fair market value | 15.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Uncertain tax liability | ' | ' | ' | 2,700 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Unrecognized tax benefits | 4,780 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Warranty for defects | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '90 days | ' | ' | ' |
Goodwill and long-lived assets, carrying value | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 65,406 | 164,500 | ' | ' | ' | ' | ' | ' | ' |
Goodwill and long-lived assets, fair value | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 33,429 | 33,429 | ' | 38,797 | ' | ' | ' | ' | ' | ' | ' |
Impairment of goodwill and long-lived assets | 31,977 | 125,703 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 31,977 | ' | 125,703 | ' | ' | ' | ' | ' | ' | ' |
Impairment charge related to property and equipment | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $12,565 | ' | $12,987 | ' | ' | ' | ' | ' | ' | ' |
Summary_of_Impairment_Charge_D
Summary of Impairment Charge (Detail) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Goodwill And Long Lived Assets [Line Items] | ' | ' |
Impairment of goodwill and long-lived assets | $31,977 | $125,703 |
Platforms And Applications | ' | ' |
Goodwill And Long Lived Assets [Line Items] | ' | ' |
Goodwill and long-lived assets, carrying value | ' | 65,406 |
Goodwill and long-lived assets, fair value | 33,429 | ' |
Impairment of goodwill and long-lived assets | 31,977 | ' |
Platforms And Applications | Goodwill b Platforms and Applications | ' | ' |
Goodwill And Long Lived Assets [Line Items] | ' | ' |
Goodwill and long-lived assets, carrying value | ' | 36,121 |
Goodwill and long-lived assets, fair value | 27,912 | ' |
Impairment of goodwill and long-lived assets | 8,209 | ' |
Platforms And Applications | Property and Equipment, including capitalized software for internal use | ' | ' |
Goodwill And Long Lived Assets [Line Items] | ' | ' |
Goodwill and long-lived assets, carrying value | ' | 18,082 |
Goodwill and long-lived assets, fair value | 5,517 | ' |
Impairment of goodwill and long-lived assets | 12,565 | ' |
Platforms And Applications | Software development costs | ' | ' |
Goodwill And Long Lived Assets [Line Items] | ' | ' |
Goodwill and long-lived assets, carrying value | ' | 9,270 |
Goodwill and long-lived assets, fair value | ' | ' |
Impairment of goodwill and long-lived assets | 9,270 | ' |
Platforms And Applications | Acquired intangible assets | ' | ' |
Goodwill And Long Lived Assets [Line Items] | ' | ' |
Goodwill and long-lived assets, carrying value | ' | 599 |
Goodwill and long-lived assets, fair value | ' | ' |
Impairment of goodwill and long-lived assets | 599 | ' |
Platforms And Applications | Other Assets | ' | ' |
Goodwill And Long Lived Assets [Line Items] | ' | ' |
Goodwill and long-lived assets, carrying value | ' | 1,334 |
Goodwill and long-lived assets, fair value | ' | ' |
Impairment of goodwill and long-lived assets | $1,334 | ' |
Acquisitions_Additional_Inform
Acquisitions - Additional Information (Detail) (USD $) | 12 Months Ended | 1 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2012 | Jul. 06, 2012 | Jan. 31, 2011 |
microDATA | Trident Space and Defense LLC | ||
Business Acquisition [Line Items] | ' | ' | ' |
Business acquisition acquired entity | ' | 'microDATA, GIS, Inc. | 'Trident Space & Defense, LLC |
Purchase price | ' | $35,544 | $29,460 |
Purchase price paid in cash | ' | 20,786 | 17,190 |
Purchase price paid in Promissory notes | ' | 14,250 | ' |
Goodwill acquired | 22,032 | 22,032 | 17,607 |
Period over which goodwill will be tax deductible | ' | '15 years | ' |
Number of class A Common shares issued | ' | ' | 3,000 |
Value of class A Common shares issued | ' | ' | $12,270 |
Computations_of_Basic_and_Dilu
Computations of Basic and Diluted Earnings Per Share (Detail) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||||||||||
In Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | ||||||||
Numerator: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||
Net income (loss) | ($55,742) | ($155) | ($1,871) | ($829) | $9,319 | $4,179 | ($111,117) | ($369) | ($58,597) | ($97,988) | $7,004 | ||||||||
Denominator: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||
Total basic weighted-average common shares outstanding | ' | ' | ' | ' | ' | ' | ' | ' | 58,611 | 57,889 | 56,722 | ||||||||
Net effect of dilutive stock options based on treasury stock method | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,859 | ||||||||
Adjusted weighted average diluted shares | ' | ' | ' | ' | ' | ' | ' | ' | 58,611 | 57,889 | 58,581 | ||||||||
Net income (loss) per share b basic | ($0.95) | $0 | ($0.03) | ($0.01) | $0.16 | $0.07 | ($1.91) | ($0.01) | ($1) | ($1.69) | $0.12 | ||||||||
Net income (loss) per share b diluted | ($0.95) | [1] | $0 | [1] | ($0.03) | [1] | ($0.01) | [1] | $0.15 | [2] | $0.07 | [2] | ($1.91) | [2] | ($0.01) | [2] | ($1) | ($1.69) | $0.12 |
[1] | Shares issuable via the convertible notes are included if dilutive, in which case tax-effected interest expense on the debt is excluded from the determination of net income (loss) per share b diluted. For all periods reported in 2013 the shares issuable via the convertible notes were anti-dilutive and the tax-effected interest expense was excluded in determining net income (loss) per share. | ||||||||||||||||||
[2] | Shares issuable via the convertible notes are included if dilutive, in which case tax-effected interest expense on the debt is excluded from the determination of net income (loss) per share b diluted. For the third and fourth quarters of 2012 the shares issuable via the convertible notes were dilutive and the tax-effected interest expense of $718 and $721, respectively, was included in determining net income (loss) per share. |
Income_Per_Share_Additional_In
Income Per Share - Additional Information (Detail) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items] | ' | ' | ' |
Number of shares excluded from computation of diluted net income per share | 14,300 | 23,500 | 9,500 |
Warrant exercise price | 12.74 | 12.74 | 12.74 |
Earnings per share, dilutive effect, description | 'If the Companybs share price is greater than the warrant exercise price of $12.74 per share for any period presented, the warrants would be dilutive to the Companybs earnings per share. The convertible note hedge is excluded from the calculation of diluted earnings per share as the impact is always considered anti-dilutive since the call option would be exercised by us when the exercise price is lower than the market price. | ' | ' |
Supplemental_Disclosure_of_Cas1
Supplemental Disclosure of Cash Flow Information - Additional Information (Detail) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Cash Flow Supplemental Disclosures [Line Items] | ' | ' | ' |
Property and equipment acquired under capital leases | $6,022 | $4,930 | $5,276 |
Interest paid | 8,105 | 6,366 | 6,675 |
Income taxes paid | ' | 1,248 | 491 |
Income taxes refunded | $497 | ' | ' |
Summary_of_AvailableforSale_Ma
Summary of Available-for-Sale Marketable Securities (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Schedule Of Available For Sale Securities [Line Items] | ' | ' |
Available-for-sale marketable securities, Amortized Cost Basis | $19,968 | $14,834 |
Available-for-sale marketable securities, Gross Unrealized Gains | 42 | 45 |
Available-for-sale marketable securities, Gross Unrealized Losses | -6 | -4 |
Marketable securities | 20,004 | 14,875 |
Corporate bonds | ' | ' |
Schedule Of Available For Sale Securities [Line Items] | ' | ' |
Available-for-sale marketable securities, Amortized Cost Basis | 18,798 | 13,102 |
Available-for-sale marketable securities, Gross Unrealized Gains | 41 | 42 |
Available-for-sale marketable securities, Gross Unrealized Losses | -6 | -3 |
Marketable securities | 18,833 | 13,141 |
Mortgage-backed and asset-backed securities | ' | ' |
Schedule Of Available For Sale Securities [Line Items] | ' | ' |
Available-for-sale marketable securities, Amortized Cost Basis | 1,170 | 1,732 |
Available-for-sale marketable securities, Gross Unrealized Gains | 1 | 3 |
Available-for-sale marketable securities, Gross Unrealized Losses | ' | -1 |
Marketable securities | $1,171 | $1,734 |
Summary_of_AvailableforSale_Ma1
Summary of Available-for-Sale Marketable Securities by Contractual Maturity (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Schedule Of Available For Sale Securities [Line Items] | ' | ' |
Available-for-sale securities, contractual maturity, Due within 1 year or less, Fair Value | $6,248 | $7,251 |
Available-for-sale securities, contractual maturity, Due within 1-2 years, Fair Value | 9,538 | 3,557 |
Available-for-sale securities, contractual maturity, Due within 2-3 years, Fair Value | 4,218 | 4,067 |
Available-for-sale marketable securities, Estimated Fair Value | $20,004 | $14,875 |
Components_of_Inventory_Detail
Components of Inventory (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Inventory [Line Items] | ' | ' |
Component parts | $7,710 | $8,018 |
Finished goods | 2,180 | 3,066 |
Total inventory | $9,890 | $11,084 |
Components_of_Property_and_Equ
Components of Property and Equipment (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Property Plant And Equipment [Line Items] | ' | ' |
Property and equipment at cost | $111,423 | $121,320 |
Less: accumulated depreciation and amortization | -73,068 | -72,050 |
Net property and equipment | 38,355 | 49,270 |
Computer equipment | ' | ' |
Property Plant And Equipment [Line Items] | ' | ' |
Property and equipment at cost | 59,499 | 59,393 |
Computer software | ' | ' |
Property Plant And Equipment [Line Items] | ' | ' |
Property and equipment at cost | 38,097 | 49,088 |
Furniture and fixtures | ' | ' |
Property Plant And Equipment [Line Items] | ' | ' |
Property and equipment at cost | 3,648 | 3,457 |
Leasehold improvements | ' | ' |
Property Plant And Equipment [Line Items] | ' | ' |
Property and equipment at cost | 9,097 | 8,265 |
Land | ' | ' |
Property Plant And Equipment [Line Items] | ' | ' |
Property and equipment at cost | 1,000 | 1,000 |
Vehicles | ' | ' |
Property Plant And Equipment [Line Items] | ' | ' |
Property and equipment at cost | $82 | $117 |
Property_and_Equipment_Additio
Property and Equipment - Additional Information (Detail) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Platforms And Applications | Navigation Reporting Unit | |
Property Plant And Equipment [Line Items] | ' | ' |
Impairment charge related to property and equipment | $12,565 | $12,987 |
Acquired_Intangible_Assets_and
Acquired Intangible Assets and Capitalized Software Development Costs (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Finite Lived Intangible Assets [Line Items] | ' | ' |
Acquired intangible assets, Gross Carrying Amount | $31,176 | $36,067 |
Acquired intangible assets, accumulated amortization | 10,173 | 9,895 |
Acquired intangible assets, Net | 21,003 | 26,172 |
Software development costs, including acquired technology, Gross Carrying Amount | 5,969 | 46,246 |
Software development costs, accumulated amortization | 1,791 | 27,317 |
Software development costs, including acquired technology, Net | 4,178 | 18,929 |
Gross Carrying Amount | 37,145 | 82,313 |
Accumulated Amortization | 11,964 | 37,212 |
Net | 25,181 | 45,101 |
Customer Lists | ' | ' |
Finite Lived Intangible Assets [Line Items] | ' | ' |
Acquired intangible assets, Gross Carrying Amount | 31,176 | 34,733 |
Acquired intangible assets, accumulated amortization | 10,173 | 9,115 |
Acquired intangible assets, Net | 21,003 | 25,618 |
Trademarks And Patents | ' | ' |
Finite Lived Intangible Assets [Line Items] | ' | ' |
Acquired intangible assets, Gross Carrying Amount | ' | 1,334 |
Acquired intangible assets, accumulated amortization | ' | 780 |
Acquired intangible assets, Net | ' | $554 |
Estimated_Future_Amortization_
Estimated Future Amortization Expense (Detail) (USD $) | Dec. 31, 2013 |
In Thousands, unless otherwise specified | |
Estimated future amortization expense: | ' |
Year ending December 31, 2014 | $3,336 |
Year ending December 31, 2015 | 4,632 |
Year ending December 31, 2016 | 4,632 |
Year ending December 31, 2017 | 3,856 |
Year ending December 31, 2018 | 3,065 |
Thereafter | 5,660 |
Net | $25,181 |
Balances_and_Changes_in_Amount
Balances and Changes in Amount of Goodwill (Detail) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Goodwill [Line Items] | ' | ' |
Goodwill, Beginning Balance | $112,450 | $176,477 |
Adjustments to the purchase price allocation for the acquisition of Trident | ' | 273 |
Goodwill acquired | ' | 22,032 |
Impairment charge related to the adjusted fair value of the Navigation / Platforms and Applications reporting unit | -8,209 | -86,332 |
Goodwill, Ending Balance | 104,241 | 112,450 |
Commercial Segment | ' | ' |
Goodwill [Line Items] | ' | ' |
Goodwill, Beginning Balance | 58,154 | 122,454 |
Goodwill acquired | ' | 22,032 |
Impairment charge related to the adjusted fair value of the Navigation / Platforms and Applications reporting unit | -8,209 | -86,332 |
Goodwill, Ending Balance | 49,945 | 58,154 |
Government Segment | ' | ' |
Goodwill [Line Items] | ' | ' |
Goodwill, Beginning Balance | 54,296 | 54,023 |
Adjustments to the purchase price allocation for the acquisition of Trident | ' | 273 |
Impairment charge related to the adjusted fair value of the Navigation / Platforms and Applications reporting unit | ' | ' |
Goodwill, Ending Balance | $54,296 | $54,296 |
Reporting_Units_for_Goodwill_I
Reporting Units for Goodwill Impairment Testing (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
In Thousands, unless otherwise specified | |||
Reporting Units For Goodwill Impairment Testing [Line Items] | ' | ' | ' |
Goodwill | $104,241 | $112,450 | $176,477 |
Platforms And Applications | ' | ' | ' |
Reporting Units For Goodwill Impairment Testing [Line Items] | ' | ' | ' |
Goodwill | 27,912 | 36,121 | ' |
Safety and Security Group | ' | ' | ' |
Reporting Units For Goodwill Impairment Testing [Line Items] | ' | ' | ' |
Goodwill | 22,033 | ' | ' |
Government Solutions Group | ' | ' | ' |
Reporting Units For Goodwill Impairment Testing [Line Items] | ' | ' | ' |
Goodwill | 26,141 | 26,141 | ' |
Cyber Intelligence | ' | ' | ' |
Reporting Units For Goodwill Impairment Testing [Line Items] | ' | ' | ' |
Goodwill | 28,155 | 28,155 | ' |
Navigation Reporting Unit | ' | ' | ' |
Reporting Units For Goodwill Impairment Testing [Line Items] | ' | ' | ' |
Goodwill | ' | 22,102 | ' |
Other Commercial | ' | ' | ' |
Reporting Units For Goodwill Impairment Testing [Line Items] | ' | ' | ' |
Goodwill | ' | $36,052 | ' |
Acquired_Intangible_Assets_Cap2
Acquired Intangible Assets, Capitalized Software Development Costs, and Goodwill - Additional Information (Detail) (USD $) | 12 Months Ended | 3 Months Ended | 12 Months Ended | |||||||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 |
Maximum | Minimum | Total acquired intangible assets | Navigation Reporting Unit | Platforms And Applications | Platforms And Applications | Platforms And Applications | ||||
Software development costs | ||||||||||
Finite Lived Intangible Assets [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Impairment charge related to acquired intangible assets | ' | ' | ' | ' | ' | ' | $13,964 | ' | $599 | ' |
Estimated useful lives of amortized intangible assets | ' | ' | ' | ' | ' | '3 years 7 months 6 days | ' | ' | ' | ' |
Capitalized software development costs | 1,987 | 1,890 | 2,497 | ' | ' | ' | ' | ' | ' | ' |
Impairment charge related to capitalized software development | ' | ' | ' | ' | ' | ' | 12,420 | ' | 9,270 | ' |
Goodwill impairment method for determination of fair value description | 'Our discounted cash flow models are based on our most recent long-range forecast and, for years beyond the forecast, we estimated terminal values based on estimated exit multiples ranging from approximately 6 to 7 times the final forecasted year EBITDA. They reflect managementbs expectation of future market conditions and expected levels of financial performance for our reporting units, as well as discount rates and estimated terminal values that would be used by market participants in an arms-length transaction. Business operational risks which could impact profits are detailed in our bRisk Factorsb disclosures. Discount rates used were intended to reflect the risks inherent in the future cash flows of the respective reporting units and were between 13 and 15%. | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Discounted rate used to estimate terminal value | 12.00% | ' | ' | 15.00% | 13.00% | ' | ' | ' | ' | ' |
Perpetual cash flow growth rate used to estimate terminal value | 3.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Impairment charge related to goodwill | 8,209 | 86,332 | ' | ' | ' | ' | 86,332 | 8,209 | 8,209 | ' |
Goodwill | 104,241 | 112,450 | 176,477 | ' | ' | ' | 22,102 | 27,912 | 27,912 | 36,121 |
Goodwill, fair value | ' | ' | ' | ' | ' | ' | ' | $27,912 | $27,912 | ' |
Accounts_Payable_and_Accrued_E2
Accounts Payable and Accrued Expenses (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Accounts Payable And Accrued Liabilities [Line Items] | ' | ' |
Accounts payable | $10,341 | $15,929 |
Accrued expenses | 14,031 | 21,774 |
Total accounts payable and accrued expenses | $24,372 | $37,703 |
Lines_of_Credit_Additional_Inf
Lines of Credit - Additional Information (Detail) (USD $) | 12 Months Ended | 12 Months Ended | |||||||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2013 | Jun. 25, 2013 | Jun. 25, 2013 | Jun. 25, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 |
Abr Based Rate | Revolving Credit Facility | Revolving Credit Facility | Revolving Credit Facility | Revolving Credit Facility | Revolving Credit Facility | Revolving Credit Facility | Previous Line Of Credit | Previous Line Of Credit | |
Eurodollar/L I B O R Based Rate | Letter Of Credit Subfacility | Swingline Subfacility | Eurodollar/L I B O R Based Rate | Abr Based Rate | |||||
Line Of Credit Facility [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Line of credit facility, Current Borrowing Capacity | ' | ' | $30,000 | $10,000 | $5,000 | ' | ' | ' | ' |
Line of Credit, maturity date | ' | 31-Mar-18 | ' | ' | ' | ' | ' | ' | ' |
Interest rate above base | ' | ' | ' | ' | ' | 3.75% | 2.75% | 0.50% | ' |
Line of credit facility, interest rate description | 'The principal amount outstanding under the Revolving Loan Facility is payable prior to or on the maturity date. Interest on the Revolving Loan Facility is payable monthly and accrues at Eurodollar/LIBOR (beginning at L+3.75%) or Alternate Base Rate (bABRb) (beginning at ABR +2.75%), which may be adjusted as provided in the Credit Agreement. | ' | ' | ' | ' | ' | ' | ' | ' |
Previous Line of Credit Facility, Amount | ' | ' | ' | ' | ' | ' | ' | 35,000 | ' |
Line of credit facility, amount outstanding | ' | 0 | ' | ' | ' | ' | ' | ' | 6,000 |
Line of credit facility, unused borrowing capacity | ' | $30,000 | ' | ' | ' | ' | ' | ' | $25,400 |
Longterm_Debt_Detail
Long-term Debt (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Jul. 06, 2012 |
In Thousands, unless otherwise specified | |||
Debt Instrument [Line Items] | ' | ' | ' |
Long-term debt | $135,455 | $149,289 | ' |
Less: current portion | -25,089 | -16,784 | ' |
Non-current portion of long-term debt | 110,366 | 132,505 | ' |
7.75% Convertible notes due 2018 | ' | ' | ' |
Debt Instrument [Line Items] | ' | ' | ' |
Long-term debt | 50,000 | ' | ' |
4.5% Convertible notes due 2014 | ' | ' | ' |
Debt Instrument [Line Items] | ' | ' | ' |
Long-term debt | 14,562 | 93,500 | ' |
Bank term loan | ' | ' | ' |
Debt Instrument [Line Items] | ' | ' | ' |
Long-term debt | ' | 41,779 | 45,000 |
Promissory notes payable to microDATA sellers | ' | ' | ' |
Debt Instrument [Line Items] | ' | ' | ' |
Long-term debt | 4,809 | 14,010 | ' |
Senior credit facilities | ' | ' | ' |
Debt Instrument [Line Items] | ' | ' | ' |
Long-term debt | $66,084 | ' | ' |
Longterm_Debt_Parenthetical_De
Long-term Debt (Parenthetical) (Detail) | Dec. 31, 2013 | 8-May-13 | Dec. 31, 2012 |
7.75% Convertible notes due 2018 | ' | ' | ' |
Debt Instrument [Line Items] | ' | ' | ' |
Debt instrument, interest rate percentage | 7.75% | 7.75% | ' |
4.5% Convertible notes due 2014 | ' | ' | ' |
Debt Instrument [Line Items] | ' | ' | ' |
Debt instrument, interest rate percentage | 4.50% | 4.50% | 4.50% |
Aggregate_Maturities_of_Longte
Aggregate Maturities of Long-term Debt (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Debt Instrument [Line Items] | ' | ' |
2014 | $25,089 | ' |
2015 | 3,325 | ' |
2016 | 3,740 | ' |
2017 | 6,153 | ' |
2018 | 97,148 | ' |
Total long-term debt | $135,455 | $149,289 |
LongTerm_Debt_Additional_Infor
Long-Term Debt - Additional Information (Detail) (USD $) | 12 Months Ended | 12 Months Ended | 1 Months Ended | 1 Months Ended | 12 Months Ended | 1 Months Ended | 12 Months Ended | 1 Months Ended | 12 Months Ended | 1 Months Ended | 3 Months Ended | 12 Months Ended | 1 Months Ended | 1 Months Ended | 12 Months Ended | |||||||||||||||||||||||
In Thousands, except Share data, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Feb. 28, 2014 | Jun. 25, 2013 | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 25, 2013 | Feb. 28, 2014 | Jun. 25, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Jun. 25, 2013 | Jun. 25, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Jun. 25, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Jun. 25, 2013 | 8-May-13 | Nov. 16, 2009 | Sep. 30, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Feb. 28, 2014 | Dec. 31, 2013 | 8-May-13 | Dec. 31, 2012 | Jul. 06, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Jul. 06, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 |
Subsequent Event | Revolving Credit Facility | Revolving Credit Facility | Delayed Draw Loan Facility | Delayed Draw Loan Facility | Delayed Draw Loan Facility | Senior credit facilities | Senior credit facilities | Senior credit facilities | Senior Credit Facilities | Term Loan A Facility | Term Loan A Facility | Term Loan A Facility | Term Loan A Facility | Term Loan A Facility | Term Loan A Facility | Term Loan A Facility | Term Loan A Facility | Incremental Loan Arrangement | 4.5% Convertible notes due 2014 | 4.5% Convertible notes due 2014 | 4.5% Convertible notes due 2014 | 4.5% Convertible notes due 2014 | 4.5% Convertible notes due 2014 | 4.5% Convertible notes due 2014 | 7.75% Convertible notes due 2018 | 7.75% Convertible notes due 2018 | 7.75% Convertible notes due 2018 | Bank term loan | Bank term loan | Bank term loan | microDATA | Promissory notes payable to microDATA sellers | Promissory notes payable to microDATA sellers | Promissory notes payable to microDATA sellers | Promissory notes payable to microDATA sellers | |||
Abr Based Rate | Subsequent Event | 2013 Term Loan Quarterly Installment | 2014 Term Loan Quarterly Installment | 2016 Term Loan Quarterly Installment | 2017 Term Loan Quarterly Installment | Delayed Draw Loan Facility | Delayed Draw Loan Facility | Delayed Draw Loan Facility | Delayed Draw Loan Facility | Debt Instrument | Debt Instrument | Debt Instrument | ||||||||||||||||||||||||||
Revolving Credit Facility | Revolving Credit Facility | Revolving Credit Facility | Subsequent Event | Installment | Minimum | Maximum | ||||||||||||||||||||||||||||||||
Eurodollar/L I B O R Based Rate | Abr Based Rate | |||||||||||||||||||||||||||||||||||||
Debt Instrument [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt instrument, amount | ' | ' | ' | $30,000 | ' | ' | $43,500 | ' | ' | ' | ' | $130,000 | $56,500 | ' | ' | ' | ' | ' | ' | ' | $25,000 | ' | $103,500 | ' | ' | ' | ' | ' | $50,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Proceeds from Issuance of Debt | ' | ' | ' | ' | ' | 10,000 | ' | ' | ' | ' | ' | ' | 16,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt instrument, description of basis of interest rate | ' | ' | ' | ' | ' | ' | ' | ' | 'During the continuance of an event of default, at the request of the required lenders, all outstanding loans shall bear interest at a rate per annum equal to the rate that would otherwise be applicable thereto plus 2%, and shall be payable from time to time on demand | ' | ' | ' | ' | ' | ' | ' | ' | ' | 'LIBOR (beginning at L +3.75%) | '(beginning at ABR + 2.75%) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Interest rate above base | ' | ' | ' | ' | 2.75% | ' | ' | ' | 2.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3.75% | 2.75% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Term loan installments payable | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 416 | 831 | 1,247 | 2,413 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Maturity date | ' | ' | ' | ' | ' | ' | ' | 30-Apr-15 | ' | ' | ' | ' | ' | ' | ' | ' | ' | 31-Mar-18 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Repayments of Short-term Debt, Maturing in Three Months or Less | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3,640 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Instrument , amount retired | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 50,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt instrument, interest rate percentage | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4.50% | ' | ' | 4.50% | 4.50% | 4.50% | 7.75% | 7.75% | ' | ' | ' | ' | ' | ' | 6.00% | ' | ' |
Debt Instrument , maturity year | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '2014 | ' | ' | ' | ' | ' | ' | '2018 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of common shares in conversion rate of notes | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 96.637 | ' | ' | ' | ' | ' | 96.637 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Principal amount of notes to be considered in conversion rate | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1 | ' | ' | ' | ' | ' | 1 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Instrument, convertible, conversion price | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $10.35 | ' | ' | ' | ' | ' | $10.35 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Trustee or the holder minimum aggregate principle amount, percentage | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 25.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Amount of outstanding Notes repurchased | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 28,938 | 10,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Gain (loss) on early retirement of debt | -178 | 431 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 178 | 431 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Effective conversion premium of notes due to hedge and warrant transactions | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $12.74 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Cost of convertible note hedge | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 23,800 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Proceeds from sale of warrants | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 13,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Convertible Note Repurchased and Exchanged | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 88,938 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of shares covered by notes | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 10,001,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Long-term debt | 135,455 | 149,289 | ' | ' | ' | ' | ' | ' | ' | 66,084 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 93,500 | 14,562 | ' | 50,000 | ' | ' | 45,000 | ' | 41,779 | ' | ' | ' | ' | ' |
Borrowing under new loan pay off | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 19,400 | ' | ' | ' | ' | ' | ' | ' |
Funds borrowed for business acquisition | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 20,000 | ' | ' | ' | ' |
Purchase price paid in promissory notes | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 14,250 | ' | ' | ' |
Number of installment payments | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2 | ' | ' |
Promissory note payable first installment | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 7,500 | ' | ' |
Promissory note payable second installment | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 6,750 | ' | ' |
First installment payment due date | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 30-Jun-13 | ' | ' |
Second installment payment due date | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 30-Jun-14 | ' | ' |
Debt instrument adjustments for post-closing indemnifications | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,941 | 2,000 |
Unused borrowing capacity of the Delayed Draw Term Loan Facility | ' | ' | ' | ' | ' | ' | ' | 18,938 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 14,562 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Instrument , maturity period | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '2014-11 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Instrument available draw date | ' | ' | ' | ' | ' | ' | ' | 31-Mar-15 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt instrument, cash and marketable securities requirement for financial covenants | ' | ' | $35,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Capital_Leases_Included_in_Pro
Capital Leases Included in Property and Equipment (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Capital Leased Assets [Line Items] | ' | ' |
Equipment under capital lease at cost | $23,845 | $27,636 |
Less: accumulated amortization | -9,886 | -13,529 |
Net property and equipment under capital leases | 13,959 | 14,107 |
Computer equipment | ' | ' |
Capital Leased Assets [Line Items] | ' | ' |
Equipment under capital lease at cost | 20,409 | 23,107 |
Computer software | ' | ' |
Capital Leased Assets [Line Items] | ' | ' |
Equipment under capital lease at cost | 3,304 | 4,302 |
Furniture and fixtures | ' | ' |
Capital Leased Assets [Line Items] | ' | ' |
Equipment under capital lease at cost | 90 | 176 |
Leasehold improvements | ' | ' |
Capital Leased Assets [Line Items] | ' | ' |
Equipment under capital lease at cost | $42 | $51 |
Future_Minimum_Payments_Under_
Future Minimum Payments Under Capital Lease Obligations (Detail) (USD $) | Dec. 31, 2013 |
In Thousands, unless otherwise specified | |
Capital Leased Assets [Line Items] | ' |
2014 | $5,501 |
2015 | 3,858 |
2016 | 2,319 |
2017 | 1,206 |
2018 | 20 |
Total minimum lease payments | 12,904 |
Less: amounts representing interest | -830 |
Present value of net minimum lease payments (including current portion of $5,056) | $12,074 |
Future_Minimum_Payments_Under_1
Future Minimum Payments Under Capital Lease Obligations (Parenthetical) (Detail) (USD $) | Dec. 31, 2013 |
In Thousands, unless otherwise specified | |
Capital Leased Assets [Line Items] | ' |
Current portion of capital lease payments | $5,056 |
Common_Stock_Additional_Inform
Common Stock - Additional Information (Detail) | Dec. 31, 2013 |
Vote | |
Class A Common Stock | ' |
Class Of Stock [Line Items] | ' |
Stockholders entitled number of votes for each share | 1 |
Class B Common Stock | ' |
Class Of Stock [Line Items] | ' |
Stockholders entitled number of votes for each share | 3 |
Assets_and_Liabilities_Subject
Assets and Liabilities Subject to Fair Value Measurements and Required Disclosures (Detail) (Fair Value, Measurements, Recurring, USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Assets: | ' | ' |
Cash and cash equivalents | $41,904 | $36,623 |
Marketable securities | 20,004 | 14,875 |
Deferred compensation plan investments | 1,003 | 690 |
Assets at Fair Value | 62,911 | 52,188 |
Liabilities: | ' | ' |
Deferred compensation | 637 | 394 |
Contractual acquisition earn-outs | 369 | 508 |
Liabilities at Fair Value | 1,006 | 902 |
Corporate bonds | ' | ' |
Assets: | ' | ' |
Marketable securities | 18,498 | 13,141 |
Mortgage-backed and asset-backed securities | ' | ' |
Assets: | ' | ' |
Marketable securities | 1,506 | 1,734 |
Fair Value, Inputs, Level 1 | ' | ' |
Assets: | ' | ' |
Cash and cash equivalents | 41,904 | 36,623 |
Marketable securities | 20,004 | 14,875 |
Deferred compensation plan investments | 1,003 | 690 |
Assets at Fair Value | 62,911 | 52,188 |
Liabilities: | ' | ' |
Deferred compensation | 637 | 394 |
Liabilities at Fair Value | 637 | 394 |
Fair Value, Inputs, Level 1 | Corporate bonds | ' | ' |
Assets: | ' | ' |
Marketable securities | 18,498 | 13,141 |
Fair Value, Inputs, Level 1 | Mortgage-backed and asset-backed securities | ' | ' |
Assets: | ' | ' |
Marketable securities | 1,506 | 1,734 |
Fair Value, Inputs, Level 3 | ' | ' |
Liabilities: | ' | ' |
Deferred compensation | ' | ' |
Contractual acquisition earn-outs | 369 | 508 |
Liabilities at Fair Value | $369 | $508 |
Summary_of_Changes_in_Contract
Summary of Changes in Contractual Acquisition Earn-Outs Measured at Fair Value on Recurring Basis Using Significant Unobservable Inputs (Detail) (Fair Value, Inputs, Level 3, USD $) | 12 Months Ended |
In Thousands, unless otherwise specified | Dec. 31, 2013 |
Fair Value, Inputs, Level 3 | ' |
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] | ' |
Fair Value Measurements Using Significant Unobservable Inputs (Level 3), Beginning Balance | $508 |
Fair Value Measurements Using Significant Unobservable Inputs (Level 3), Fair value adjustment recognized in earnings | -139 |
Fair Value Measurements Using Significant Unobservable Inputs (Level 3), Ending Balance | $369 |
Fair_Value_Measurements_Additi
Fair Value Measurements - Additional Information (Detail) (USD $) | 12 Months Ended | 12 Months Ended | 12 Months Ended | |||||||||||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | 8-May-13 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 |
Navigation Reporting Unit | Platforms And Applications | Platforms And Applications | Fair Value, Measurements, Nonrecurring | Fair Value, Measurements, Nonrecurring | Fair Value, Measurements, Nonrecurring | Fair Value, Measurements, Nonrecurring | 4.5% Convertible notes due 2014 | 4.5% Convertible notes due 2014 | 4.5% Convertible notes due 2014 | 7.75% Convertible notes | 7.75% Convertible notes | |||
Fair Value, Inputs, Level 3 | Fair Value, Inputs, Level 3 | Fair Value, Inputs, Level 3 | Fair Value, Inputs, Level 3 | |||||||||||
Navigation Reporting Unit | Navigation Reporting Unit | Platforms And Applications | Platforms And Applications | |||||||||||
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt instrument, interest rate percentage | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4.50% | 4.50% | 4.50% | 7.75% | 7.75% |
Estimated Fair value of long term debt | $133,427 | $144,106 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Carrying value of long term debt | 135,455 | 149,289 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Goodwill and long-lived assets, carrying value | ' | ' | 164,500 | ' | 65,406 | 164,500 | 164,500 | 65,406 | 65,406 | ' | ' | ' | ' | ' |
Goodwill and long-lived assets, fair value | ' | ' | 38,797 | 33,429 | ' | 38,797 | ' | 33,429 | ' | ' | ' | ' | ' | ' |
Impairment of goodwill and long-lived assets | $31,977 | $125,703 | $125,703 | $31,977 | ' | $125,703 | ' | $31,977 | ' | ' | ' | ' | ' | ' |
Provisions_Benefits_for_Income
Provisions (Benefits) for Income Taxes (Detail) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Current: | ' | ' | ' |
Federal | $32 | ($82) | $5,924 |
Foreign | 300 | ' | ' |
State | 228 | 47 | 512 |
Total current | 560 | -35 | 6,436 |
Deferred: | ' | ' | ' |
Federal | 12,953 | -14,107 | -1,247 |
Foreign | -87 | ' | ' |
State | 3,165 | -1,349 | 223 |
Total deferred | 16,031 | -15,456 | -1,024 |
Total provision (benefit) for income taxes | $16,591 | ($15,491) | $5,412 |
Deferred_Tax_Assets_and_Liabil
Deferred Tax Assets and Liabilities (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Deferred tax assets: | ' | ' |
Net operating loss carryforwards | $6,416 | $4,773 |
Research and development tax credit carryforwards | 8,790 | 7,564 |
Stock-based compensation expense | 6,153 | 5,945 |
Deferred revenue | 7,040 | 5,197 |
Reserves and accrued expenses | 1,745 | 3,034 |
Alternative minimum tax credit | 2,091 | 2,101 |
Identified intangibles accounting | 110 | 1,785 |
Deferred compensation | 372 | 275 |
Deferred financing fees | 482 | ' |
Other | 1,197 | 1,386 |
Total deferred tax assets | 34,396 | 32,060 |
Deferred tax liabilities: | ' | ' |
Capitalized software development costs | -2,103 | -12,017 |
Depreciation and amortization | -2,009 | -3,269 |
Other | ' | -30 |
Total deferred tax liabilities | -4,112 | -15,316 |
Net deferred tax asset | 30,284 | 16,744 |
Valuation allowance for net deferred tax asset | -30,284 | -698 |
Net deferred tax asset | ' | $16,046 |
Reconciliations_of_Reported_In
Reconciliations of Reported Income Tax Provision to Amount that would Result by Applying Federal Statutory Rate (Detail) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Schedule Of Effective Tax Rates [Line Items] | ' | ' | ' |
Income tax (benefit) statutory rate | ($14,702) | ($39,718) | $4,346 |
Goodwill impairment charge | 1,758 | 30,136 | ' |
Change in valuation allowance | 30,284 | ' | ' |
Non-deductible stock-based compensation expense | 1,258 | 1,849 | 2,024 |
Research and development tax credit | -639 | -858 | -485 |
Worthless stock deduction | ' | -1,646 | ' |
State income tax (benefit) | -692 | -1,156 | 424 |
Original issue discount amortization | -2,993 | -1,678 | -1,520 |
Other | 2,317 | -2,420 | 623 |
Total provision (benefit) for income taxes | $16,591 | ($15,491) | $5,412 |
Income tax (benefit) statutory rate | 35.00% | 35.00% | 35.00% |
Goodwill impairment charge | -4.20% | -26.60% | ' |
Change in valuation allowance | -72.10% | ' | ' |
Non-deductible stock-based compensation expense | -3.00% | -1.60% | 16.30% |
Research and development tax credit | 1.50% | 0.80% | -3.90% |
Worthless stock deduction | ' | 1.50% | ' |
State income tax (benefit) | 1.70% | 1.00% | 3.40% |
Original issue discount amortization | 7.10% | 1.50% | -12.20% |
Other | -5.50% | 2.10% | 5.00% |
Income tax (benefit) provision | -39.50% | 13.70% | 43.60% |
Activity_Related_to_Unrecogniz
Activity Related to Unrecognized Tax Benefits Excluding Interest, Penalties, and Related Tax Carry Forwards (Detail) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Income Tax Contingency [Line Items] | ' | ' |
Beginning balance | $3,446 | $3,291 |
Increases related to prior year tax positions | 1,040 | 117 |
Decreases related to prior year tax positions | ' | -149 |
Increases related to current year tax positions | 294 | 187 |
Ending balance | $4,780 | $3,446 |
Income_taxes_Additional_Inform
Income taxes - Additional Information (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | Federal | Xypoint | Remaining Loss Carryforwards | Remaining Loss Carryforwards | Remaining Loss Carryforwards | Remaining Loss Carryforwards | State and Local Jurisdiction | ||
Operating Loss Carryforwards Generated in 2006 | Operating Loss Carryforwards Generated in 2009 | Operating Loss Carryforwards Generated in 2013 | |||||||
Income Taxes [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net deferred tax assets, valuation allowance | $30,284 | $698 | ' | ' | ' | ' | ' | ' | ' |
Net operating losses carryforwards | 14,581 | ' | 19,081 | 9,416 | 9,665 | ' | ' | ' | ' |
Net operating losses excess tax benefits related to stock-based compensation | 4,230 | ' | ' | ' | ' | ' | ' | ' | ' |
Operating loss carryforwards, expiration year | ' | ' | ' | ' | ' | '2026 | '2029 | '2033 | '2027 |
Net operating losses carryforwards rate of usage per year | ' | ' | ' | 1,401 | ' | ' | ' | ' | ' |
Net operating losses acquired, expiration start date | ' | ' | ' | '2021 | ' | ' | ' | ' | ' |
Unrecognized tax benefits | 4,780 | ' | ' | ' | ' | ' | ' | ' | ' |
Alternative minimum tax credit | 2,091 | 2,101 | 2,091 | ' | ' | ' | ' | ' | ' |
Research and development tax credit carryforwards | $8,790 | $7,564 | $7,719 | ' | ' | ' | ' | ' | ' |
Federal research and development credits, expiration year | ' | ' | '2019 | ' | ' | ' | ' | ' | ' |
Employee_Retirement_Plan_Addit
Employee Retirement Plan - Additional information (Detail) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Discretionary contribution to 401(k) plan | $1,868 | $2,853 | $2,661 |
Percentage of discretionary matching contribution based on employee deferral | 40.00% | ' | ' |
Assumptions_in_Calculating_Fai
Assumptions in Calculating Fair Value of Stock Options Using Black Scholes (Detail) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Assumptions Used To Determine Fair Value Options [Line Items] | ' | ' | ' |
Expected life (in years) | '5 years 6 months | '5 years 6 months | '5 years 6 months |
Risk-free interest rate, minimum | 1.00% | 1.00% | 1.00% |
Risk-free interest rate, maximum | 1.50% | 1.10% | 2.40% |
Volatility, minimum | 63.00% | 61.00% | 60.00% |
Volatility, maximum | 64.00% | 64.00% | 61.00% |
Dividend yield | 0.00% | 0.00% | 0.00% |
Summary_of_Stock_Option_Activi
Summary of Stock Option Activity and Related Information (Detail) (USD $) | 12 Months Ended | ||
In Thousands, except Share data, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Share based compensation arrangement by share based payment award outstanding | ' | ' | ' |
Number of options, outstanding beginning | 17,222,000 | ' | ' |
Number of options, granted | 2,803,000 | ' | ' |
Number of options, exercised | -96,267 | -54,921 | -488,337 |
Number of options, expired | -946,000 | ' | ' |
Number of options, forfeited | -1,806,000 | ' | ' |
Number of options, outstanding ending | 17,177,000 | 17,222,000 | ' |
Number of options, exercisable | 12,025,000 | ' | ' |
Number of options, vested and expected to vest | 16,131,000 | ' | ' |
Share based compensation arrangement by share based payment award outstanding weighted average exercise price | ' | ' | ' |
Weighted average exercise price, outstanding beginning | $4.72 | ' | ' |
Weighted average exercise price, granted | $2.41 | ' | ' |
Weighted average exercise price, exercised | $1.82 | ' | ' |
Weighted average exercise price, expired | $5.49 | ' | ' |
Weighted average exercise price, forfeited | $3.26 | ' | ' |
Weighted average exercise price, outstanding ending | $4.47 | $4.72 | ' |
Weighted average exercise price, exercisable | $4.99 | ' | ' |
Weighted average exercise price, vested and expected to vest | $4.99 | ' | ' |
Weighted average remaining contractual term, outstanding | '5 years 3 months 18 days | ' | ' |
Weighted average remaining contractual term, exercisable | '4 years | ' | ' |
Aggregate intrinsic value, outstanding | $379 | ' | ' |
Aggregate intrinsic value, exercisable | 84 | ' | ' |
Aggregate intrinsic value, vested and expected to vest | $295 | ' | ' |
Recovered_Sheet1
Stock-Based Compensation Plans - Summary of Restricted Stock Activity (Detail) (Restricted Stock, USD $) | 12 Months Ended |
In Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2013 |
Restricted Stock | ' |
Summary of restricted stock activity, nonvested shares | ' |
Nonvested at beginning of year | 1,344 |
Granted | 1,444 |
Vested and surrendered | -570 |
Nonvested at end of year | 2,218 |
Summary of restricted stock activity, weighted average exercise price | ' |
Nonvested at beginning of year | $3.10 |
Granted | $2.38 |
Vested and surrendered | $3.06 |
Nonvested at end of year | $2.68 |
Total_Class_A_Common_Stock_Res
Total Class A Common Stock Reserved for Future Issuance (Detail) (Class A Common Stock) | Dec. 31, 2013 |
In Thousands, unless otherwise specified | |
Class Of Stock [Line Items] | ' |
Total shares restricted for future use | 39,113 |
Stock Incentive Plan | ' |
Class Of Stock [Line Items] | ' |
Total shares restricted for future use | 3,529 |
Outstanding Stock Option | ' |
Class Of Stock [Line Items] | ' |
Total shares restricted for future use | 17,177 |
Convertible Notes | ' |
Class Of Stock [Line Items] | ' |
Total shares restricted for future use | 1,407 |
Note Warrant hedge | ' |
Class Of Stock [Line Items] | ' |
Total shares restricted for future use | 10,001 |
For B to A conversion | ' |
Class Of Stock [Line Items] | ' |
Total shares restricted for future use | 4,998 |
Employee stock purchase plan | ' |
Class Of Stock [Line Items] | ' |
Total shares restricted for future use | 2,001 |
NonCash_Stock_Based_Compensati
Non-Cash Stock Based Compensation Expense (Detail) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items] | ' | ' | ' |
Total non-cash stock compensation expense | $7,036 | $9,021 | $9,672 |
Direct Cost of Revenues | ' | ' | ' |
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items] | ' | ' | ' |
Total non-cash stock compensation expense | 4,802 | 6,131 | 6,476 |
Research and Development Expense | ' | ' | ' |
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items] | ' | ' | ' |
Total non-cash stock compensation expense | 1,106 | 1,599 | 1,873 |
Selling and Marketing Expense | ' | ' | ' |
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items] | ' | ' | ' |
Total non-cash stock compensation expense | 513 | 483 | 501 |
General and Administrative Expense | ' | ' | ' |
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items] | ' | ' | ' |
Total non-cash stock compensation expense | $615 | $808 | $822 |
StockBased_Compensation_Plans_1
Stock-Based Compensation Plans - Additional Information (Detail) (USD $) | 12 Months Ended | ||
In Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
CompensationPlan | |||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | ' | ' | ' |
Number of stock based compensation plans | 2 | ' | ' |
Weighted-average grant- date fair value of options granted during the year | $1.33 | $1.30 | $2.34 |
Total intrinsic value of options excercised | $60 | $15 | $800 |
Fair value of options vested | 5,948 | 7,813 | 8,328 |
Employee Stock Option | ' | ' | ' |
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | ' | ' | ' |
Share based payment award, expiration period | '10 years | ' | ' |
Share based compensation, estimated future expenses related to unvested option | 5,500 | ' | ' |
Share based compensation, estimated future expenses related to unvested option, period of recognition | '3 years | ' | ' |
Employee Stock Option | Minimum | ' | ' | ' |
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | ' | ' | ' |
Options granted vesting period | '1 year | ' | ' |
Employee Stock Option | Maximum | ' | ' | ' |
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | ' | ' | ' |
Options granted vesting period | '5 years | ' | ' |
Restricted Stock Units (RSUs) | ' | ' | ' |
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | ' | ' | ' |
Share based compensation, estimated future expenses related to unvested option | 3,724 | ' | ' |
Compensation expense related to restricted awards | 2,589 | 1,873 | 1,015 |
Fair value of restricted stock vested | 1,959 | 1,058 | 241 |
Restricted Stock Units (RSUs) | Directors | ' | ' | ' |
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | ' | ' | ' |
Restrictions on class A common stock expiration period | '1 year | ' | ' |
Restricted Stock Units (RSUs) | Employees | ' | ' | ' |
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | ' | ' | ' |
Restrictions on class A common stock expiration period | '2 years | ' | ' |
Restricted Stock Units (RSUs) | Executive Officer | ' | ' | ' |
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | ' | ' | ' |
Restrictions on class A common stock expiration period | '3 years | ' | ' |
Employee Stock Purchase Plan member , Class A common stock | ' | ' | ' |
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | ' | ' | ' |
Employee stock purchase plan number of class A common stock reserved | 4,385 | ' | ' |
Employee stock purchase plan number of class A common stock purchase at discount on market value | 15.00% | ' | ' |
Employee stock purchase plan, option periods | '3 months | ' | ' |
Employee stock purchase plan number of stock issued | 2,384 | ' | ' |
Employee stock purchase plan, compensation expense | $0 | $288 | $349 |
Operating_Leases_Additional_In
Operating Leases - Additional Information (Detail) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Property Subject To Or Available For Operating Lease [Line Items] | ' | ' | ' |
Rent expense | $7,634 | $7,490 | $7,067 |
Non-cancelable operating leases, date of expiration | '2020 | ' | ' |
Maryland | Annapolis, first facility | ' | ' | ' |
Property Subject To Or Available For Operating Lease [Line Items] | ' | ' | ' |
Lease expiration date | '2016-12 | ' | ' |
Maryland | Annapolis, second facility | ' | ' | ' |
Property Subject To Or Available For Operating Lease [Line Items] | ' | ' | ' |
Lease expiration date | '2014-04 | ' | ' |
Maryland | Hanover, third facility | ' | ' | ' |
Property Subject To Or Available For Operating Lease [Line Items] | ' | ' | ' |
Lease expiration date | '2017-08 | ' | ' |
Seattle, Washington | ' | ' | ' |
Property Subject To Or Available For Operating Lease [Line Items] | ' | ' | ' |
Lease expiration date | '2017-09 | ' | ' |
Tampa, Florida | ' | ' | ' |
Property Subject To Or Available For Operating Lease [Line Items] | ' | ' | ' |
Lease expiration date | '2014-12 | ' | ' |
Aliso Viejo, California | ' | ' | ' |
Property Subject To Or Available For Operating Lease [Line Items] | ' | ' | ' |
Lease expiration date | '2017-12 | ' | ' |
CHINA | ' | ' | ' |
Property Subject To Or Available For Operating Lease [Line Items] | ' | ' | ' |
Lease expiration date | '2017-01 | ' | ' |
CANADA | ' | ' | ' |
Property Subject To Or Available For Operating Lease [Line Items] | ' | ' | ' |
Lease expiration date | '2014-03 | ' | ' |
Atlanta Georgia | ' | ' | ' |
Property Subject To Or Available For Operating Lease [Line Items] | ' | ' | ' |
Lease expiration date | '2015-05 | ' | ' |
Richardson Texas | ' | ' | ' |
Property Subject To Or Available For Operating Lease [Line Items] | ' | ' | ' |
Lease expiration date | '2015-04 | ' | ' |
North Wolongong Australia | ' | ' | ' |
Property Subject To Or Available For Operating Lease [Line Items] | ' | ' | ' |
Lease expiration date | '2017-04 | ' | ' |
Torrance, California | ' | ' | ' |
Property Subject To Or Available For Operating Lease [Line Items] | ' | ' | ' |
Lease expiration date | '2018-01 | ' | ' |
Danville, Vermont | ' | ' | ' |
Property Subject To Or Available For Operating Lease [Line Items] | ' | ' | ' |
Lease expiration date | '2014-07 | ' | ' |
Greenwood Village, Colorado | ' | ' | ' |
Property Subject To Or Available For Operating Lease [Line Items] | ' | ' | ' |
Lease expiration date | '2020-05 | ' | ' |
Future_Minimum_Payments_Under_2
Future Minimum Payments Under Non-Cancelable Operating Leases with Initial Terms of One Year or More (Detail) (USD $) | Dec. 31, 2013 |
In Thousands, unless otherwise specified | |
Operating Leased Assets [Line Items] | ' |
2014 | $7,137 |
2015 | 5,795 |
2016 | 5,401 |
2017 | 3,626 |
2018 | 357 |
Beyond | 451 |
Operating Leases, Future Minimum Payments Due, Total | $22,767 |
Customers_Revenue_and_Receivab
Customers Revenue and Receivables (billed and unbilled) (Detail) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
U.S Government Agencies and Departments | Government Segment | Sales | ' | ' | ' |
Entity Wide Revenue Major Customer [Line Items] | ' | ' | ' |
Percentage of total revenue | 32.00% | 44.00% | 35.00% |
U.S Government Agencies and Departments | Government Segment | Accounts Receivable | ' | ' | ' |
Entity Wide Revenue Major Customer [Line Items] | ' | ' | ' |
Percentage of receivables (billed and unbilled) | 10.00% | 35.00% | ' |
Verizon Wireless | Commercial Segment | Sales | ' | ' | ' |
Entity Wide Revenue Major Customer [Line Items] | ' | ' | ' |
Percentage of total revenue | 16.00% | 13.00% | 18.00% |
Verizon Wireless | Commercial Segment | Accounts Receivable | ' | ' | ' |
Entity Wide Revenue Major Customer [Line Items] | ' | ' | ' |
Percentage of receivables (billed and unbilled) | 17.00% | 14.00% | ' |
MetroPCS | Commercial Segment | Sales | ' | ' | ' |
Entity Wide Revenue Major Customer [Line Items] | ' | ' | ' |
Percentage of total revenue | ' | ' | 10.00% |
Percentage of total revenue | 'Less than 10% | 'Less than 10% | ' |
A T T | Commercial Segment | Accounts Receivable | ' | ' | ' |
Entity Wide Revenue Major Customer [Line Items] | ' | ' | ' |
Percentage of receivables (billed and unbilled) | 13.00% | ' | ' |
Percentage of receivables (billed and unbilled) | ' | 'Less than 10% | ' |
Concentrations_of_Credit_Risk_2
Concentrations of Credit Risk and Major Customers - Additional Information (Detail) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Counterparty Credit Concentration Risk [Line Items] | ' | ' |
Total exposure to credit risk | $26,643 | $59,806 |
Segment_Reporting_Information_
Segment Reporting Information by Segment (Detail) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Revenue | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Services | ' | ' | ' | ' | ' | ' | ' | ' | $281,389 | $305,118 | $303,921 |
Systems | ' | ' | ' | ' | ' | ' | ' | ' | 80,902 | 182,266 | 121,491 |
Total revenue | 78,622 | 96,033 | 92,842 | 94,794 | 132,671 | 140,056 | 114,622 | 100,035 | 362,291 | 487,384 | 425,412 |
Direct costs of revenue | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Direct cost of services | ' | ' | ' | ' | ' | ' | ' | ' | 156,285 | 178,317 | 170,977 |
Direct cost of systems | ' | ' | ' | ' | ' | ' | ' | ' | 67,038 | 148,860 | 103,198 |
Total Direct costs of revenue | ' | ' | ' | ' | ' | ' | ' | ' | 223,323 | 327,177 | 274,175 |
Gross profit | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Services gross profit | ' | ' | ' | ' | ' | ' | ' | ' | 125,104 | 126,801 | 132,944 |
Systems gross profit | ' | ' | ' | ' | ' | ' | ' | ' | 13,864 | 33,406 | 18,293 |
Total gross profit | 31,797 | 35,783 | 35,907 | 35,481 | 47,165 | 44,126 | 34,526 | 34,390 | 138,968 | 160,207 | 151,237 |
Research and development expense | ' | ' | ' | ' | ' | ' | ' | ' | -34,308 | -36,602 | -37,098 |
Sales and marketing expense | ' | ' | ' | ' | ' | ' | ' | ' | -28,495 | -30,753 | -29,394 |
General and administrative expense | ' | ' | ' | ' | ' | ' | ' | ' | -54,689 | -54,277 | -46,218 |
Depreciation and amortization of property and equipment | ' | ' | ' | ' | ' | ' | ' | ' | -14,853 | -14,245 | -12,135 |
Amortization of acquired intangible assets | ' | ' | ' | ' | ' | ' | ' | ' | -4,570 | -4,374 | -5,535 |
Impairment of goodwill and long-lived assets | ' | ' | ' | ' | ' | ' | ' | ' | -31,977 | -125,703 | ' |
Interest expense | ' | ' | ' | ' | ' | ' | ' | ' | -8,262 | -7,383 | -7,283 |
Amortization of deferred financing fees | ' | ' | ' | ' | ' | ' | ' | ' | -3,403 | -757 | -798 |
Gain (loss) on early retirement of debt | ' | ' | ' | ' | ' | ' | ' | ' | -178 | 431 | ' |
Benefit (provision) for income taxes | ' | ' | ' | ' | ' | ' | ' | ' | -16,591 | 15,491 | -5,412 |
Other income (expense), net | ' | ' | ' | ' | ' | ' | ' | ' | -239 | -23 | -360 |
Net income (loss) | -55,742 | -155 | -1,871 | -829 | 9,319 | 4,179 | -111,117 | -369 | -58,597 | -97,988 | 7,004 |
Government Segment | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenue | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Services | ' | ' | ' | ' | ' | ' | ' | ' | 131,078 | 146,064 | 129,213 |
Systems | ' | ' | ' | ' | ' | ' | ' | ' | 61,153 | 158,576 | 105,023 |
Total revenue | ' | ' | ' | ' | ' | ' | ' | ' | 192,231 | 304,640 | 234,236 |
Direct costs of revenue | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Direct cost of services | ' | ' | ' | ' | ' | ' | ' | ' | 92,301 | 107,879 | 89,926 |
Direct cost of systems | ' | ' | ' | ' | ' | ' | ' | ' | 50,445 | 133,638 | 89,957 |
Total Direct costs of revenue | ' | ' | ' | ' | ' | ' | ' | ' | 142,746 | 241,517 | 179,883 |
Gross profit | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Services gross profit | ' | ' | ' | ' | ' | ' | ' | ' | 38,777 | 38,185 | 39,287 |
Systems gross profit | ' | ' | ' | ' | ' | ' | ' | ' | 10,708 | 24,938 | 15,066 |
Total gross profit | ' | ' | ' | ' | ' | ' | ' | ' | 49,485 | 63,123 | 54,353 |
Commercial Segment | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenue | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Services | ' | ' | ' | ' | ' | ' | ' | ' | 150,311 | 159,054 | 174,708 |
Systems | ' | ' | ' | ' | ' | ' | ' | ' | 19,749 | 23,690 | 16,468 |
Total revenue | ' | ' | ' | ' | ' | ' | ' | ' | 170,060 | 182,744 | 191,176 |
Direct costs of revenue | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Direct cost of services | ' | ' | ' | ' | ' | ' | ' | ' | 63,984 | 70,438 | 81,051 |
Direct cost of systems | ' | ' | ' | ' | ' | ' | ' | ' | 16,593 | 15,222 | 13,241 |
Total Direct costs of revenue | ' | ' | ' | ' | ' | ' | ' | ' | 80,577 | 85,660 | 94,292 |
Gross profit | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Services gross profit | ' | ' | ' | ' | ' | ' | ' | ' | 86,327 | 88,616 | 93,657 |
Systems gross profit | ' | ' | ' | ' | ' | ' | ' | ' | 3,156 | 8,468 | 3,227 |
Total gross profit | ' | ' | ' | ' | ' | ' | ' | ' | $89,483 | $97,084 | $96,884 |
Geographic_and_Business_Segmen2
Geographic and Business Segment Information - Additional Information (Detail) (Revenues outside the United States, USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Revenues outside the United States | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' |
Revenues from customers outside of United States | $38,220 | $41,782 | $33,314 |
Summary_of_Quarterly_Results_o
Summary of Quarterly Results of Operations (Detail) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||||||||||
In Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | ||||||||
Quarterly Results Of Operations [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||
Revenue | $78,622 | $96,033 | $92,842 | $94,794 | $132,671 | $140,056 | $114,622 | $100,035 | $362,291 | $487,384 | $425,412 | ||||||||
Gross profit | 31,797 | 35,783 | 35,907 | 35,481 | 47,165 | 44,126 | 34,526 | 34,390 | 138,968 | 160,207 | 151,237 | ||||||||
Net income (loss) | ($55,742) | ($155) | ($1,871) | ($829) | $9,319 | $4,179 | ($111,117) | ($369) | ($58,597) | ($97,988) | $7,004 | ||||||||
Net income (loss) per share b basic | ($0.95) | $0 | ($0.03) | ($0.01) | $0.16 | $0.07 | ($1.91) | ($0.01) | ($1) | ($1.69) | $0.12 | ||||||||
Net income (loss) per share b diluted | ($0.95) | [1] | $0 | [1] | ($0.03) | [1] | ($0.01) | [1] | $0.15 | [2] | $0.07 | [2] | ($1.91) | [2] | ($0.01) | [2] | ($1) | ($1.69) | $0.12 |
[1] | Shares issuable via the convertible notes are included if dilutive, in which case tax-effected interest expense on the debt is excluded from the determination of net income (loss) per share b diluted. For all periods reported in 2013 the shares issuable via the convertible notes were anti-dilutive and the tax-effected interest expense was excluded in determining net income (loss) per share. | ||||||||||||||||||
[2] | Shares issuable via the convertible notes are included if dilutive, in which case tax-effected interest expense on the debt is excluded from the determination of net income (loss) per share b diluted. For the third and fourth quarters of 2012 the shares issuable via the convertible notes were dilutive and the tax-effected interest expense of $718 and $721, respectively, was included in determining net income (loss) per share. |
Summary_of_Quarterly_Results_o1
Summary of Quarterly Results of Operations (Parenthetical) (Detail) (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2012 | Sep. 30, 2012 |
Quarterly Results Of Operations [Line Items] | ' | ' |
Tax effect of interest expense related to dilutes shares issuable via convertible notes | $721 | $718 |