Document_And_Entity_Informatio
Document And Entity Information | 3 Months Ended | |
Mar. 31, 2015 | Apr. 30, 2015 | |
Document and Entity Information [Abstract] | ||
Entity Registrant Name | PDF SOLUTIONS INC | |
Document Type | 10-Q | |
Current Fiscal Year End Date | -19 | |
Entity Common Stock, Shares Outstanding | 31,456,484 | |
Amendment Flag | FALSE | |
Entity Central Index Key | 1120914 | |
Entity Current Reporting Status | Yes | |
Entity Voluntary Filers | No | |
Entity Filer Category | Accelerated Filer | |
Entity Well-known Seasoned Issuer | No | |
Document Period End Date | 31-Mar-15 | |
Document Fiscal Year Focus | 2015 | |
Document Fiscal Period Focus | Q1 |
Condensed_Consolidated_Balance
Condensed Consolidated Balance Sheets (Unaudited) (USD $) | Mar. 31, 2015 | Dec. 31, 2014 |
In Thousands, unless otherwise specified | ||
Current assets: | ||
Cash and cash equivalents | $131,880 | $115,464 |
Accounts receivable, net of allowance of $299 and $381, respectively | 29,193 | 37,725 |
Deferred tax assets - current portion | 3,317 | 3,343 |
Prepaid expenses and other current assets | 2,901 | 2,888 |
Total current assets | 167,291 | 159,420 |
Property and equipment, net | 9,895 | 8,832 |
Deferred tax assets - non-current portion | 7,643 | 8,025 |
Other non-current assets | 1,448 | 1,161 |
Total assets | 186,277 | 177,438 |
Current liabilities: | ||
Accounts payable | 1,235 | 803 |
Accrued compensation and related benefits | 3,988 | 6,112 |
Accrued and other current liabilities | 1,588 | 1,733 |
Deferred revenues | 5,265 | 3,740 |
Total current liabilities | 12,076 | 12,388 |
Non-current liabilities | 2,924 | 3,227 |
Total liabilities | 15,000 | 15,615 |
Commitments and contingencies (Note 9) | ||
Stockholders’ equity: | ||
Preferred stock, $0.00015 par value, 5,000 shares authorized, no shares issued and outstanding | 0 | 0 |
Common stock, $0.00015 par value, 70,000 shares authorized: shares issued 36,791 and 36,258, respectively; shares outstanding 31,449 and 31,116, respectively | 5 | 5 |
Additional paid-in-capital | 256,576 | 248,734 |
Treasury stock at cost, 5,342 and 5,142 shares, respectively | -37,655 | -34,048 |
Accumulated deficit | -46,220 | -52,187 |
Accumulated other comprehensive income | -1,429 | -681 |
Total stockholders’ equity | 171,277 | 161,823 |
Total liabilities and stockholders’ equity | $186,277 | $177,438 |
Condensed_Consolidated_Balance1
Condensed Consolidated Balance Sheets (Unaudited) (Parentheticals) (USD $) | Mar. 31, 2015 | Dec. 31, 2014 |
In Thousands, except Per Share data, unless otherwise specified | ||
Accounts receivable, allowance (in Dollars) | $299 | $381 |
Preferred stock, par value (in Dollars per share) | $0.00 | $0.00 |
Preferred stock, shares authorized | 5,000 | 5,000 |
Preferred stock, shares issued | 0 | 0 |
Preferred stock, shares outstanding | 0 | 0 |
Common stock, par value (in Dollars per share) | $0.00 | $0.00 |
Common stock, shares authorized | 70,000 | 70,000 |
Common stock, shares issued | 36,791 | 36,258 |
Common stock, shares outstanding | 31,449 | 31,116 |
Treasury stock shares | 5,342 | 5,142 |
Condensed_Consolidated_Stateme
Condensed Consolidated Statements of Operations and Comprehensive Income (Unaudited) (USD $) | 3 Months Ended | |
In Thousands, except Per Share data, unless otherwise specified | Mar. 31, 2015 | Mar. 31, 2014 |
Revenues: | ||
Design-to-silicon-yield solutions | $18,152 | $14,919 |
Gainshare performance incentives | 8,665 | 12,167 |
Total revenues | 26,817 | 27,086 |
Costs of Design-to-silicon-yield solutions | 8,804 | 9,705 |
Gross profit | 18,013 | 17,381 |
Operating expenses: | ||
Research and development | 4,088 | 3,596 |
Selling, general and administrative | 4,456 | 4,329 |
Amortization of other acquired intangible assets | 18 | |
Restructuring charges | 57 | |
Total operating expenses | 8,544 | 8,000 |
Income from operations | 9,469 | 9,381 |
Interest and other income (expense), net | 51 | -87 |
Income before income taxes | 9,520 | 9,294 |
Income tax provision | 3,553 | 3,039 |
Net income | 5,967 | 6,255 |
Net income per share: | ||
Basic (in Dollars per share) | $0.19 | $0.21 |
Diluted (in Dollars per share) | $0.18 | $0.20 |
Weighted average common shares: | ||
Basic (in Shares) | 31,336 | 30,477 |
Diluted (in Shares) | 32,291 | 31,965 |
Net income | 5,967 | 6,255 |
Other comprehensive income: | ||
Foreign currency translation adjustments, net of tax | -748 | -52 |
Comprehensive income | $5,219 | $6,203 |
Condensed_Consolidated_Stateme1
Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2015 | Mar. 31, 2014 |
Operating activities: | ||
Net income | $5,967 | $6,255 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||
Depreciation and amortization | 605 | 458 |
Stock-based compensation expense | 2,199 | 1,660 |
Amortization of acquired intangible assets | 18 | |
Deferred taxes | 416 | 1,886 |
Loss on sale/disposal of property and equipment | 34 | |
Purchases of treasury stock in connection with tax withholdings on restricted stock grants | -2 | -8 |
Reversal of allowance for doubtful accounts | -82 | -28 |
Unrealized loss on foreign currency forward contract | 84 | 24 |
Tax benefit related to stock-based compensation expense | 1,858 | 44 |
Excess tax benefit from stock-based compensation | -1,754 | -41 |
Changes in operating assets and liabilities: | ||
Accounts receivable | 8,615 | 2,373 |
Prepaid expenses and other assets | -315 | -264 |
Accounts payable | -988 | -279 |
Accrued compensation and related benefits | -2,024 | -2,386 |
Accrued and other liabilities | -415 | -442 |
Deferred revenues | 1,455 | 2,537 |
Billings in excess of recognized revenues | 248 | |
Net cash provided by operating activities | 15,619 | 12,089 |
Investing activities: | ||
Purchases of property and equipment | -1,145 | -929 |
Net cash used in investing activities | -1,145 | -929 |
Financing activities: | ||
Proceeds from exercise of stock options | 3,128 | 784 |
Proceeds from employee stock purchase plan | 680 | 632 |
Excess tax benefit from stock-based compensation | 1,754 | 41 |
Purchases of treasury stock | -3,605 | -968 |
Net cash provided by financing activities | 1,957 | 489 |
Effect of exchange rate changes on cash and cash equivalents | -15 | -26 |
Net change in cash and cash equivalents | 16,416 | 11,623 |
Cash and cash equivalents, beginning of period | 115,464 | 89,371 |
Cash and cash equivalents, end of period | 131,880 | 100,994 |
Cash paid during the period for: | ||
Taxes | 1,941 | 1,648 |
Property and equipment received and accrued in accounts payable and accrued and other liabilities | $749 | $400 |
Note_1_Basis_of_Presentation
Note 1 - Basis of Presentation | 3 Months Ended |
Mar. 31, 2015 | |
Disclosure Text Block [Abstract] | |
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block] | 1. BASIS OF PRESENTATION |
Basis of Presentation | |
The interim unaudited condensed consolidated financial statements included herein have been prepared by PDF Solutions, Inc. (“the Company”) pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”), including the instructions to the Quarterly Report on Form 10-Q and Article 10 of Regulation S-X. Certain information and footnote disclosures normally included in annual financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted. The interim unaudited condensed consolidated financial statements reflect, in the opinion of management, all adjustments necessary (consisting only of normal recurring adjustments), to present a fair statement of results for the interim periods presented. The operating results for any interim period are not necessarily indicative of the results that may be expected for other interim periods or the full fiscal year. The accompanying interim unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto in the Company’s Annual Report on Form 10-K for the year ended December 31, 2014. | |
The condensed consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries after the elimination of all significant intercompany balances and transactions. | |
The condensed consolidated balance sheet at December 31, 2014, has been derived from the audited consolidated financial statements but does not include all disclosures required by accounting principles generally accepted in the United States of America. | |
Use of Estimates — The preparation of financial statements in conformity with generally accepted accounting principles in the United States (“U.S. GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Significant estimates in these financial statements include revenue recognition for fixed-price solution implementation service contracts, stock-based compensation expense and accounting for income taxes. Actual results could differ from those estimates. | |
Revenue Recognition — The Company derives revenue from two sources: Design-to-silicon-yield solutions and Gainshare performance incentives. | |
Design-to-Silicon-Yield Solutions — Revenue that is derived from Design-to-silicon-yield solutions comes from services and software licenses. The Company recognizes revenue of Design-to-silicon-yield solutions as follows: | |
The Company generates a significant portion of its Design-to-silicon-yield solutions revenue from fixed-price solution implementation service contracts delivered over a specific period of time. These contracts require reliable estimation of costs to perform obligations and the overall scope of each engagement. Revenue under project–based contracts for solution implementation services is recognized as services are performed using the cost-to-cost percentage of completion method of contract accounting. Losses on fixed-price solution implementation contracts are recognized in the period when they become probable. Revisions in profit estimates are reflected in the period in which the conditions that require the revisions become known and can be estimated. Revenue under time and materials contracts for solution implementation services are recognized as the services are performed. On occasion, the Company licenses its software products as a component of its fixed-price service contracts. In such instances, the software products are licensed to customers over a specified term of the agreement with support and maintenance to be provided at each customer's option over the license term. The amount of product and service revenue recognized in a given period is affected by the Company’s judgment as to whether an arrangement includes multiple deliverables and, if so, the Company’s determination of the fair value of each deliverable. In general, vendor-specific objective evidence of selling price (“VSOE”) does not exist for the Company’s solution implementation services and software products and because the Company’s services and products include our unique technology, the Company is not able to determine third-party evidence of selling price (“TPE”). Therefore, in such circumstances the Company uses best estimated selling prices (“BESP”) in the allocation of arrangement consideration. In determining BESP, the Company applies significant judgment as the Company’s weighs a variety of factors, based on the facts and circumstances of the arrangement. The Company typically arrives at BESP for a product or service that is not sold separately by considering company-specific factors such as geographies, internal costs, gross margin objectives, pricing practices used to establish bundled pricing, and existing portfolio pricing and discounting. After fair value is established for each deliverable, the total transaction amount is allocated to each deliverable based upon its relative fair value. Fees allocated to solution implementation services are recognized using the cost-to-cost percentage of completion method of contract accounting. Fees allocated to software and related support and maintenance are recognized under software revenue recognition guidance. The Company defers certain pre-contract costs incurred for specific anticipated contracts. Deferred costs consist primarily of direct costs to provide solution implementation services in relation to the specific anticipated contracts. The Company recognizes such costs as a component of cost of revenues, the timing of which is dependent upon persuasive evidence of contract arrangement assuming all other revenue recognition criteria are met. At the end of reporting period, the Company evaluates its deferred costs for their probable recoverability. The Company recognizes impairment of deferred costs when it is determined that the costs no longer have future benefits and are no longer recoverable. | |
The Company also licenses its software products separately from its solution implementations. For software license arrangements that do not require significant modification or customization of the underlying software, software license revenue is recognized under the residual method when (1) persuasive evidence of an arrangement exists, (2) delivery has occurred, (3) the fee is fixed or determinable, (4) collectability is probable, and (5) the arrangement does not require services that are essential to the functionality of the software. When arrangements include multiple elements such as support and maintenance, consulting (other than for its fixed price solution implementations), installation, and training, revenue is allocated to each element of a transaction based upon its fair value as determined by the Company’s VSOE and such services are recorded as services revenue. VSOE for maintenance is generally established based upon negotiated renewal rates while VSOE for consulting, installation, and training services is established based upon the Company’s customary pricing for such services when sold separately. Revenue for software licenses with extended payment terms is not recognized in excess of amounts due. For software license arrangements that require significant modification or customization of the underlying software, the software license revenue is recognized as services are performed using the cost-to-cost percentage of completion method of contract accounting, and such revenue is recorded as services revenue. | |
Gainshare Performance Incentives — When the Company enters into a contract to provide yield improvement services, the contract usually includes two components: (1) a fixed fee for performance by the Company of services delivered over a specific period of time; and (2) a Gainshare performance incentive component where the customer may pay a contingent variable fee, usually after the fixed fee period has ended. Revenue derived from Gainshare performance incentives represents profit sharing and performance incentives earned contingent upon the Company’s customers reaching certain defined operational levels established in related solution implementation service contracts. Gainshare performance incentives periods are usually subsequent to the delivery of all contractual services and therefore have no cost to the Company. Due to the uncertainties surrounding attainment of such operational levels, the Company recognizes Gainshare performance incentives revenue (to the extent of completion of the related solution implementation contract) upon receipt of performance reports or other related information from the customer supporting the determination of amounts and probability of collection. |
Note_2_Recent_Accounting_Prono
Note 2 - Recent Accounting Pronouncements | 3 Months Ended |
Mar. 31, 2015 | |
New Accounting Pronouncements and Changes in Accounting Principles [Abstract] | |
New Accounting Pronouncements and Changes in Accounting Principles [Text Block] | 2. RECENT ACCOUNTING PRONOUNCEMENTS |
In May 2014, the Financial Accounting Standard Board ("FASB") issued ASU No. 2014-09, “Revenue from Contracts with Customers”. The core principle is that a company should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration for which the entity expects to be entitled in exchange for those goods or services. The updated standard will replace existing revenue recognition guidance under GAAP when it becomes effective. Early adoption is not permitted. The updated standard would be effective for the Company beginning January 1, 2017; however, in April 2015, the FASB agreed to propose a one-year deferral of the effective date. If the proposed deferral is approved, the new standard will become effective for the Company beginning January 1, 2018 and can be applied either the retrospectively to each period presented or as a cumulative-effect adjustment as of the date of adoption. The Company has not yet selected a transition method and is currently evaluating the impact of adopting this new accounting standard on its financial statements. | |
In August 2014, the FASB issued Accounting Standards Update (“ASU”) No. 2014-15, “Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern”. The new standard provides guidance around management's responsibility to evaluate whether there is substantial doubt about an entity's ability to continue as a going concern and to provide related footnote disclosures. The new standard is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2016. Early adoption is permitted. The adoption of this standard is not expected to have a material impact on our financial statements. |
Note_3_Balance_Sheet_Component
Note 3 - Balance Sheet Components | 3 Months Ended | ||||||||
Mar. 31, 2015 | |||||||||
Disclosure Text Block Supplement [Abstract] | |||||||||
Supplemental Balance Sheet Disclosures [Text Block] | 3. BALANCE SHEET COMPONENTS | ||||||||
Accounts receivable include amounts that are unbilled at the end of the period. Unbilled accounts receivable are determined on an individual contract basis and were $9.2 million and $9.7 million as of March 31, 2015, and December 31, 2014, respectively. | |||||||||
Property and equipment consists of (in thousands): | |||||||||
March 31, | December 31, | ||||||||
2015 | 2014 | ||||||||
Property and equipment, net: | |||||||||
Computer equipment | $ | 8,678 | $ | 9,817 | |||||
Software | 1,898 | 3,369 | |||||||
Furniture, fixtures and equipment | 745 | 756 | |||||||
Leasehold improvements | 1,139 | 1,127 | |||||||
Test equipment | 6,677 | 6,401 | |||||||
Construction-in-progress | 3,287 | 2,405 | |||||||
22,424 | 23,875 | ||||||||
Less: accumulated depreciation | (12,529 | ) | (15,043 | ) | |||||
Total | $ | 9,895 | $ | 8,832 | |||||
Depreciation and amortization expense was $0.6 million and $0.5 million for the three months ended March 31, 2015 and 2014, respectively. |
Note_4_Stockholders_Equity
Note 4 - Stockholders' Equity | 3 Months Ended | ||||||||||||||||
Mar. 31, 2015 | |||||||||||||||||
Disclosure Text Block Supplement [Abstract] | |||||||||||||||||
Shareholders' Equity and Share-based Payments [Text Block] | 4. STOCKHOLDERS’ EQUITY | ||||||||||||||||
Stock-based compensation is estimated at the grant date based on the award’s fair value and is recognized on a straight-line basis over the vesting periods, generally four years. Stock-based compensation expenses before taxes related to the Company’s stock plans and employee stock purchase plan were allocated as follows (in thousands): | |||||||||||||||||
Three Months | |||||||||||||||||
Ended March 31, | |||||||||||||||||
2015 | 2014 | ||||||||||||||||
Cost of Design-to-silicon-yield solutions | $ | 887 | $ | 724 | |||||||||||||
Research and development | 491 | 371 | |||||||||||||||
Selling, general and administrative | 821 | 565 | |||||||||||||||
Stock-based compensation expenses | $ | 2,199 | $ | 1,660 | |||||||||||||
On March 31, 2015, the Company has in effect the following stock-based compensation plans: | |||||||||||||||||
Stock Plans — At the annual meeting of stockholders on November 16, 2011, the Company’s stockholders approved the 2011 Stock Incentive Plan, which was first amended and restated at the 2013 annual meeting of stockholders on May 28, 2013, when the Company’s stockholders approved the First Amended and Restated 2011 Stock Incentive Plan and then subsequently amended at the 2014 annual meeting of stockholders on May 27, 2014, when the Company’s stockholders approved the Second Amended and Restated 2011 Incentive Plan (as amended, the “2011 Plan”). Under the 2011 Plan, the Company may award stock options, stock appreciation rights, stock grants or stock units covering shares of the Company's common stock to employees, directors, non-employee directors and contractors. The aggregate number of shares reserved for awards under this plan is 6,550,000 shares, plus up to 3,500,000 shares previously issued under the 2001 Plan that are forfeited or repurchased by the Company or shares subject to awards previously issued under the 2001 Plan that expire or that terminate without having been exercised or settled in full on or after November 16, 2011. In case of awards other than options or stock appreciation rights, the aggregate number of shares reserved under the plan will be decreased at a rate of 1.33 shares issued pursuant to such awards. The exercise price for stock options must generally be at prices no less than the fair market value at the date of grant. Stock options generally expire ten years from the date of grant and become vested and exercisable over a four-year period. | |||||||||||||||||
In 2001, the Company adopted a 2001 Stock Plan (the “2001 Plan”). In 2003, in connection with its acquisition of IDS Systems Inc., the Company assumed IDS’ 2001 Stock Option / Stock Issuance Plan (the “IDS Plan”). Both of the 2001 and the IDS Plans expired in 2011. Stock options granted under the 2001 and IDS Plans generally expire ten years from the date of grant and become vested and exercisable over a four-year period. Although no new awards may be granted under the 2001 or IDS Plans, awards made under the 2001 and IDS Plans that are currently outstanding remain subject to the terms of each such plan. | |||||||||||||||||
The Company estimated the fair value of share-based awards granted under the Stock Plan during the period using the Black-Scholes-Merton option-pricing model with the following weighted average assumptions, resulting in the following weighted average fair values: | |||||||||||||||||
Three Months | |||||||||||||||||
Ended March 31, | |||||||||||||||||
2015 | 2014 | ||||||||||||||||
Expected life (in years) | 4.51 | 4.58 | |||||||||||||||
Volatility | 46.48 | % | 43.35 | % | |||||||||||||
Risk-free interest rate | 1.25 | % | 1.56 | % | |||||||||||||
Expected dividend | — | — | |||||||||||||||
Weighted average fair value per share of options granted during the period | $ | 6.38 | $ | 7.75 | |||||||||||||
As of March 31, 2015, 7.0 million shares of common stock were reserved to cover stock-based awards under the 2011 Plan, of which 4.0 million shares were available for future grant. The number of shares reserved and available under the 2011 Plan includes 0.4 million shares that were subject to awards previously made under the 2001 Plan and were forfeited, expired or repurchased by the Company after adoption of the 2011 Plan through March 31, 2015. As of March 31, 2015, there were no outstanding awards that had been granted outside of the 2011, 2001 or the IDS Plans (collectively, the "Stock Plans"). | |||||||||||||||||
Stock option activity under the Company’s Stock Plans during the three months ended March 31, 2015, was as follows: | |||||||||||||||||
Number of | Weighted | Weighted | Aggregate | ||||||||||||||
Options | Average | Average | Intrinsic | ||||||||||||||
(in | Exercise | Remaining | Value | ||||||||||||||
thousands) | Price | Contractual | (in | ||||||||||||||
per Share | Term | thousands) | |||||||||||||||
(years) | |||||||||||||||||
Outstanding, January 1, 2015 | 2,352 | $ | 7.65 | ||||||||||||||
Granted (weighted average fair value of $6.38 per share) | 12 | $ | 16.12 | ||||||||||||||
Exercised | (462 | ) | $ | 6.76 | |||||||||||||
Canceled | (10 | ) | $ | 10.41 | |||||||||||||
Expired | (1 | ) | $ | 13.08 | |||||||||||||
Outstanding, March 31, 2015 | 1,891 | $ | 7.9 | 5.47 | $ | 19,032 | |||||||||||
Vested and expected to vest, March 31, 2015 | 1,874 | $ | 7.87 | 5.45 | $ | 18,918 | |||||||||||
Exercisable, March 31, 2015 | 1,511 | $ | 7.4 | 5 | $ | 15,917 | |||||||||||
The aggregate intrinsic value in the table above represents the total intrinsic value based on the Company’s closing stock price of $17.92 per share as of March 31, 2015. The total intrinsic value of options exercised during the three months ended March 31, 2015, was $5.2 million. | |||||||||||||||||
As of March 31, 2015, there was $1.7 million of total unrecognized compensation cost related to unvested stock options. That cost is expected to be recognized over a weighted average period of 1.3 years. The total fair value of shares vested during the three months ended March 31, 2015, was $0.5 million. | |||||||||||||||||
Nonvested restricted stock units activity during the three months ended March 31, 2015, was as follows: | |||||||||||||||||
Shares | Weighted | ||||||||||||||||
(in thousands) | Average | ||||||||||||||||
Grant Date | |||||||||||||||||
Fair Value Per | |||||||||||||||||
Share | |||||||||||||||||
Nonvested, January 1, 2015 | 941 | $ | 17.38 | ||||||||||||||
Granted | 12 | $ | 16.12 | ||||||||||||||
Vested | (19 | ) | $ | 17.86 | |||||||||||||
Forfeited | (18 | ) | $ | 17.66 | |||||||||||||
Nonvested, March 31, 2015 | 916 | $ | 17.35 | ||||||||||||||
As of March 31, 2015, there was $12.5 million of total unrecognized compensation cost related to nonvested restricted stock units. That cost is expected to be recognized over a weighted average period of 2.4 years. | |||||||||||||||||
Employee Stock Purchase Plan — In July 2001, the Company adopted a ten-year Employee Stock Purchase Plan (as amended, “Purchase Plan”) under which eligible employees can contribute up to 10% of their compensation, as defined in the Purchase Plan, towards the purchase of shares of PDF common stock at a price of 85% of the lower of the fair market value at the beginning of the offering period or the end of the purchase period. The Purchase Plan consists of twenty-four-month offering periods with four six-month purchase periods in each offering period. Under the Purchase Plan, on January 1 of each year, the number of shares reserved for issuance will automatically increase by the lesser of (1) 675,000 shares, (2) 2% of the Company’s outstanding common stock on the last day of the immediately preceding year, or (3) the number of shares determined by the board of directors. At the annual meeting of stockholders on May 18, 2010, the Company’s stockholders approved an amendment to the Purchase Plan to extend it through May 17, 2020. | |||||||||||||||||
The Company estimated the fair value of purchase rights granted under the Purchase Plan during the period using the Black-Scholes-Merton option-pricing model with the following weighted average assumptions, resulting in the following weighted average fair values: | |||||||||||||||||
Three Months | |||||||||||||||||
Ended March 31, | |||||||||||||||||
2015 | 2014 | ||||||||||||||||
Expected life (in years) | 1.25 | 1.25 | |||||||||||||||
Volatility | 54.21 | % | 34.56 | % | |||||||||||||
Risk-free interest rate | 0.26 | % | 0.18 | % | |||||||||||||
Expected dividend | — | — | |||||||||||||||
Weighted average fair value of purchase rights granted under the Purchase Plan | $ | 6.19 | $ | 7.18 | |||||||||||||
During the three months ended March 31, 2015 and 2014, a total of 51,000 and 52,000 shares, respectively, were issued at a weighted-average purchase price of $13.32 and $12.10 per share. For both the three-month periods ended March 31, 2015 and 2014, the Purchase Plan compensation expense was $0.2 million. As of March 31, 2015, there was $1.5 million of unrecognized compensation cost related to the Purchase Plan. That cost is expected to be recognized over a weighted average period of 1.8 years. As of March 31, 2015, 2.8 million shares were available for future issuance under the Purchase Plan. | |||||||||||||||||
Stock Repurchase Program —On October 21, 2014, the Board of Directors adopted a program, effective immediately, to repurchase up to $25.0 million of the Company’s common stock both on the open market and in privately negotiated transactions over the next two years. During the three months ended March 31, 2015, the Company repurchased 199,912 shares under this program. As of March 31, 2015, 199,912 shares had been repurchased at an average price of $18.03 per share under this program for a total purchase of $3.6 million, and $21.4 million remained available for future repurchases. |
Note_5_Income_Taxes
Note 5 - Income Taxes | 3 Months Ended |
Mar. 31, 2015 | |
Income Tax Disclosure [Abstract] | |
Income Tax Disclosure [Text Block] | 5. INCOME TAXES |
Income tax provision increased $0.5 million for the three months ended March 31, 2015, to $3.5 million as compared to an income tax provision of $3.0 million for the three months ended March 31, 2014. The Company’s effective tax rate was 37.3% and 32.7% for the three months ended March 31, 2015, and March 31, 2014, respectively. The Company’s effective tax rate increased in the three months ended March 31, 2015, as compared to the same period in 2014, primarily due to the lower reversals of certain unrecognized tax benefits upon statute of limitation lapses and unfavorable changes to New York State Tax apportionment rules. The income tax provision for the three months ended March 31, 2014 was less than the provision at the statutory rate primarily due to changes in unrecognized tax benefits. | |
The Company’s total amount of unrecognized tax benefits, excluding interest and penalties, as of March 31, 2015, was $10.3 million, of which $6.1 million, if recognized, would decrease the Company’s effective tax rate. The Company’s total amount of unrecognized tax benefits, excluding interest and penalties, as of December 31, 2014, was $10.4 million, of which $6.3 million, if recognized, would affect the Company's effective tax rate. As of March 31, 2015, the Company has recorded unrecognized tax benefits of $2.4 million, including interest and penalties, as long-term taxes payable in its condensed consolidated balance sheet. The remaining $8.4 million has been recorded net of our deferred tax assets, of which $4.2 million is subject to a full valuation allowance. | |
As of March 31, 2015, the Company believes that its deferred tax assets are “more likely than not” to be realized with the exception of California R&D tax credits that have not met the “more likely than not” realization threshold criteria because on an annual basis and pursuant to current law, the Company generates more California credits than California tax. As a result, at March 31, 2015, the excess California R&D tax credits continue to be subject to a full valuation allowance. In the event the Company concludes at a future financial reporting period that there has been a change in its ability to realize the California R&D credit deferred tax assets, and it is at such time no longer “more likely than not” that the Company will realize the tax credits before applicable expiration dates, the Company’s tax provision will increase in the period in which the Company makes such determination. | |
The Company conducts business globally and, as a result, files numerous consolidated and separate income tax returns in the U.S. federal, various state and foreign jurisdictions. Because the Company used some of the tax attributes carried forward from previous years to tax years that are still open, statutes of limitation remain open for all tax years to the extent of the attributes carried forward into tax year 2002 for federal and California tax purposes. The Company is not subject to income tax examinations in any other of its major foreign subsidiaries’ jurisdictions. |
Note_6_Net_Income_Per_Share
Note 6 - Net Income Per Share | 3 Months Ended | ||||||||
Mar. 31, 2015 | |||||||||
Earnings Per Share [Abstract] | |||||||||
Earnings Per Share [Text Block] | 6. NET INCOME PER SHARE | ||||||||
Basic net income per share is computed by dividing net income by weighted average number of common shares outstanding for the period (excluding outstanding stock options and shares subject to repurchase). Diluted net income per share is computed using the weighted-average number of common shares outstanding for the period plus the potential effect of dilutive securities which are convertible into common shares (using the treasury stock method), except in cases in which the effect would be anti-dilutive. Under the treasury stock method, the amount that the employee must pay for exercising stock options, the amount of compensation cost for future service that the Company has not yet recognized, and the amount of the tax benefits that would be recorded in additional paid-in capital when the award becomes deductible are assumed to be used to repurchase shares. The following is a reconciliation of the numerators and denominators used in computing basic and diluted net income per share (in thousands except per share amount): | |||||||||
Three Months Ended March 31, | |||||||||
2015 | 2014 | ||||||||
Numerator: | |||||||||
Net income | $ | 5,967 | $ | 6,255 | |||||
Denominator: | |||||||||
Basic weighted-average shares outstanding | 31,336 | 30,477 | |||||||
Effect of dilutive options and restricted stock | 955 | 1,488 | |||||||
Diluted weighted average shares outstanding | 32,291 | 31,965 | |||||||
Net income per share - Basic | $ | 0.19 | $ | 0.21 | |||||
Net income per share - Diluted | $ | 0.18 | $ | 0.2 | |||||
The following table sets forth potential shares of common stock that are not included in the diluted net income per share calculation above because to do so would be anti-dilutive for the periods indicated (in thousands): | |||||||||
Three Months Ended March 31, | |||||||||
2015 | 2014 | ||||||||
Outstanding options | 55 | 19 | |||||||
Nonvested restricted stock units | 414 | — | |||||||
Employee Stock Purchase Plan | 264 | 48 | |||||||
Total | 733 | 67 | |||||||
Note_7_Customer_and_Geographic
Note 7 - Customer and Geographic Information | 3 Months Ended | ||||||||||||||||
Mar. 31, 2015 | |||||||||||||||||
Segment Reporting [Abstract] | |||||||||||||||||
Segment Reporting Disclosure [Text Block] | 7. CUSTOMER AND GEOGRAPHIC INFORMATION | ||||||||||||||||
Operating segments are defined as components of an enterprise about which separate financial information is available that is evaluated regularly by the chief operating decision maker, or group, in deciding how to allocate resources and in assessing performance. | |||||||||||||||||
The Company’s chief operating decision maker, the chief executive officer, reviews discrete financial information presented on a consolidated basis for purposes of regularly making operating decisions and assessing financial performance. Accordingly, the Company considers itself to be in one operating segment, specifically the licensing and implementation of yield improvement solutions for companies designing and/or manufacturing integrated circuits. | |||||||||||||||||
The Company had revenues from individual customers in excess of 10% of total revenues as follows: | |||||||||||||||||
Three Months Ended March 31, | |||||||||||||||||
Customer | 2015 | 2014 | |||||||||||||||
A | 44 | % | 45 | % | |||||||||||||
B | 28 | % | 13 | % | |||||||||||||
C | 11 | % | 19 | % | |||||||||||||
The Company had gross accounts receivable from individual customers in excess of 10% of gross accounts receivable as follows: | |||||||||||||||||
Customer | March 31, | December 31, | |||||||||||||||
2015 | 2014 | ||||||||||||||||
A | 40 | % | 51 | % | |||||||||||||
C | 27 | % | 21 | % | |||||||||||||
Revenues from customers by geographic area based on the location of the customers’ work sites are as follows (in thousands): | |||||||||||||||||
Three Months Ended March 31, | |||||||||||||||||
2015 | 2014 | ||||||||||||||||
Revenues | Percentage | Revenues | Percentage | ||||||||||||||
of | of | ||||||||||||||||
Revenues | Revenues | ||||||||||||||||
United States | $ | 10,315 | 38 | % | $ | 11,399 | 42 | % | |||||||||
Germany | 6,264 | 24 | 9,100 | 34 | |||||||||||||
South Korea | 6,918 | 26 | 2,260 | 8 | |||||||||||||
Rest of the world | 3,320 | 12 | 4,327 | 16 | |||||||||||||
Total revenue | $ | 26,817 | 100 | % | $ | 27,086 | 100 | % | |||||||||
Long-lived assets, net by geographic area are as follows (in thousands): | |||||||||||||||||
March 31, | December 31, | ||||||||||||||||
2015 | 2014 | ||||||||||||||||
United States | $ | 9,319 | $ | 8,240 | |||||||||||||
Rest of the world | 576 | 592 | |||||||||||||||
Total long-lived assets, net | $ | 9,895 | $ | 8,832 | |||||||||||||
Note_8_Fair_Value_Measurements
Note 8 - Fair Value Measurements | 3 Months Ended | ||||||||||||||||
Mar. 31, 2015 | |||||||||||||||||
Fair Value Disclosures [Abstract] | |||||||||||||||||
Fair Value Disclosures [Text Block] | 8. FAIR VALUE MEASUREMENTS | ||||||||||||||||
Fair value is the exit price, or the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants as of the measurement date. The multiple assumptions used to value financial instruments are referred to as inputs, and a hierarchy for inputs used in measuring fair value is established, that maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that the most observable inputs be used when available. Observable inputs reflect assumptions market participants would use in pricing an asset or liability based on market data obtained from independent sources while unobservable inputs reflect a reporting entity’s pricing based upon its own market assumptions. These inputs are ranked according to a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value into three broad levels. | |||||||||||||||||
Level 1 - | Inputs are quoted prices in active markets for identical assets or liabilities. | ||||||||||||||||
Level 2 - | Inputs are quoted prices for similar assets or liabilities in an active market, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable and market-corroborated inputs which are derived principally from or corroborated by observable market data. | ||||||||||||||||
Level 3 - | Inputs are derived from valuation techniques in which one or more significant inputs or value drivers are unobservable. | ||||||||||||||||
The following table represents the Company’s assets measured at fair value on a recurring basis as of March 31, 2015, and the basis for that measurement (in thousands): | |||||||||||||||||
Assets | Total | Quoted | Significant | Significant | |||||||||||||
Prices | Other | Unobservable | |||||||||||||||
in | Observable | Inputs | |||||||||||||||
Active | Inputs | (Level 3) | |||||||||||||||
Markets | (Level 2) | ||||||||||||||||
for | |||||||||||||||||
Identical | |||||||||||||||||
Assets | |||||||||||||||||
(Level 1) | |||||||||||||||||
Money market mutual funds | $ | 26,358 | $ | 26,358 | $ | — | $ | — | |||||||||
The following table represents the Company’s assets measured at fair value on a recurring basis as of December 31, 2014, and the basis for that measurement (in thousands): | |||||||||||||||||
Assets | Total | Quoted | Significant | Significant | |||||||||||||
Prices | Other | Unobservable | |||||||||||||||
in | Observable | Inputs | |||||||||||||||
Active | Inputs | (Level 3) | |||||||||||||||
Markets | (Level 2) | ||||||||||||||||
for | |||||||||||||||||
Identical | |||||||||||||||||
Assets | |||||||||||||||||
(Level 1) | |||||||||||||||||
Money market mutual funds | $ | 26,356 | $ | 26,356 | $ | — | $ | — | |||||||||
The Company enters into foreign currency forward contracts to reduce the exposure to foreign currency exchange rate fluctuations on certain foreign currency denominated monetary assets and liabilities, primarily on third-party accounts payables and intercompany balances. The primary objective of the Company’s hedging program is to reduce volatility of earnings related to foreign currency exchange rate fluctuations. The counterparty to these foreign currency forward contracts is a large global financial institution that the Company believes is creditworthy, and therefore, the Company believes the credit risk of counterparty nonperformance is not significant. These foreign currency forward contracts are not designated for hedge accounting treatment. Therefore, the change in fair value of these contracts is recorded into earnings as a component of other income (expense), net, and offsets the change in fair value of the foreign currency denominated assets and liabilities, which is also recorded in other income (expense), net. For the three months ended March 31, 2015, the Company recognized a realized loss on the contracts of $0.7 million, which was recorded in other income (expense), net in the Company’s Statement of Operations and Comprehensive Income. For the three months ended March 31, 2014, the Company did not have gain/loss on foreign currency forward contracts. | |||||||||||||||||
The Company carries these derivatives financial instruments on its Consolidated Balance Sheets at their fair values. The Company’s foreign currency forward contracts are classified as Level 2 because it is not actively traded and the valuation inputs are based on quoted prices and market observable data of similar instruments. As of March 31, 2015, the Company had one outstanding forward contract with a notional amount of $6.5 million and recorded $134,000 other current liabilities associated with this outstanding forward contract. |
Note_9_Commitments_and_Conting
Note 9 - Commitments and Contingencies | 3 Months Ended | ||||
Mar. 31, 2015 | |||||
Commitments and Contingencies Disclosure [Abstract] | |||||
Commitments and Contingencies Disclosure [Text Block] | 9. COMMITMENTS AND CONTINGENCIES | ||||
Leases | |||||
The Company leases administrative and sales offices and certain equipment under noncancelable operating leases, which contain various renewal options and, in some cases, require payment of common area costs, taxes and utilities. These operating leases expire at various times through 2019. Rent expense was $0.5 million for each of the three months ended March 31, 2015 and 2014. | |||||
Future minimum lease payments under noncancelable operating leases at March 31, 2015, are as follows (in thousands): | |||||
Year Ending December 31, | Amount | ||||
2015 (remaining nine months) | $ | 1,382 | |||
2016 | 1,753 | ||||
2017 | 1,415 | ||||
2018 | 806 | ||||
2019 | 71 | ||||
Thereafter | 79 | ||||
Total future minimum lease payments | $ | 5,506 | |||
Litigation — From time to time, the Company is subject to various claims and legal proceedings that arise in the ordinary course of business. The Company accrues for losses related to litigation when a potential loss is probable and the loss can be reasonably estimated in accordance with FASB requirements. During the reported period, the Company was not party to any material legal proceedings, thus no loss was probable and no amount was accrued at March 31, 2015. |
Accounting_Policies_by_Policy_
Accounting Policies, by Policy (Policies) | 3 Months Ended |
Mar. 31, 2015 | |
Accounting Policies [Abstract] | |
Basis of Accounting, Policy [Policy Text Block] | Basis of Presentation |
The interim unaudited condensed consolidated financial statements included herein have been prepared by PDF Solutions, Inc. (“the Company”) pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”), including the instructions to the Quarterly Report on Form 10-Q and Article 10 of Regulation S-X. Certain information and footnote disclosures normally included in annual financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted. The interim unaudited condensed consolidated financial statements reflect, in the opinion of management, all adjustments necessary (consisting only of normal recurring adjustments), to present a fair statement of results for the interim periods presented. The operating results for any interim period are not necessarily indicative of the results that may be expected for other interim periods or the full fiscal year. The accompanying interim unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto in the Company’s Annual Report on Form 10-K for the year ended December 31, 2014. | |
The condensed consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries after the elimination of all significant intercompany balances and transactions. | |
The condensed consolidated balance sheet at December 31, 2014, has been derived from the audited consolidated financial statements but does not include all disclosures required by accounting principles generally accepted in the United States of America. | |
Use of Estimates, Policy [Policy Text Block] | Use of Estimates — The preparation of financial statements in conformity with generally accepted accounting principles in the United States (“U.S. GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Significant estimates in these financial statements include revenue recognition for fixed-price solution implementation service contracts, stock-based compensation expense and accounting for income taxes. Actual results could differ from those estimates. |
Revenue Recognition, Policy [Policy Text Block] | Revenue Recognition — The Company derives revenue from two sources: Design-to-silicon-yield solutions and Gainshare performance incentives. |
Design-to-Silicon-Yield Solutions — Revenue that is derived from Design-to-silicon-yield solutions comes from services and software licenses. The Company recognizes revenue of Design-to-silicon-yield solutions as follows: | |
The Company generates a significant portion of its Design-to-silicon-yield solutions revenue from fixed-price solution implementation service contracts delivered over a specific period of time. These contracts require reliable estimation of costs to perform obligations and the overall scope of each engagement. Revenue under project–based contracts for solution implementation services is recognized as services are performed using the cost-to-cost percentage of completion method of contract accounting. Losses on fixed-price solution implementation contracts are recognized in the period when they become probable. Revisions in profit estimates are reflected in the period in which the conditions that require the revisions become known and can be estimated. Revenue under time and materials contracts for solution implementation services are recognized as the services are performed. On occasion, the Company licenses its software products as a component of its fixed-price service contracts. In such instances, the software products are licensed to customers over a specified term of the agreement with support and maintenance to be provided at each customer's option over the license term. The amount of product and service revenue recognized in a given period is affected by the Company’s judgment as to whether an arrangement includes multiple deliverables and, if so, the Company’s determination of the fair value of each deliverable. In general, vendor-specific objective evidence of selling price (“VSOE”) does not exist for the Company’s solution implementation services and software products and because the Company’s services and products include our unique technology, the Company is not able to determine third-party evidence of selling price (“TPE”). Therefore, in such circumstances the Company uses best estimated selling prices (“BESP”) in the allocation of arrangement consideration. In determining BESP, the Company applies significant judgment as the Company’s weighs a variety of factors, based on the facts and circumstances of the arrangement. The Company typically arrives at BESP for a product or service that is not sold separately by considering company-specific factors such as geographies, internal costs, gross margin objectives, pricing practices used to establish bundled pricing, and existing portfolio pricing and discounting. After fair value is established for each deliverable, the total transaction amount is allocated to each deliverable based upon its relative fair value. Fees allocated to solution implementation services are recognized using the cost-to-cost percentage of completion method of contract accounting. Fees allocated to software and related support and maintenance are recognized under software revenue recognition guidance. The Company defers certain pre-contract costs incurred for specific anticipated contracts. Deferred costs consist primarily of direct costs to provide solution implementation services in relation to the specific anticipated contracts. The Company recognizes such costs as a component of cost of revenues, the timing of which is dependent upon persuasive evidence of contract arrangement assuming all other revenue recognition criteria are met. At the end of reporting period, the Company evaluates its deferred costs for their probable recoverability. The Company recognizes impairment of deferred costs when it is determined that the costs no longer have future benefits and are no longer recoverable. | |
The Company also licenses its software products separately from its solution implementations. For software license arrangements that do not require significant modification or customization of the underlying software, software license revenue is recognized under the residual method when (1) persuasive evidence of an arrangement exists, (2) delivery has occurred, (3) the fee is fixed or determinable, (4) collectability is probable, and (5) the arrangement does not require services that are essential to the functionality of the software. When arrangements include multiple elements such as support and maintenance, consulting (other than for its fixed price solution implementations), installation, and training, revenue is allocated to each element of a transaction based upon its fair value as determined by the Company’s VSOE and such services are recorded as services revenue. VSOE for maintenance is generally established based upon negotiated renewal rates while VSOE for consulting, installation, and training services is established based upon the Company’s customary pricing for such services when sold separately. Revenue for software licenses with extended payment terms is not recognized in excess of amounts due. For software license arrangements that require significant modification or customization of the underlying software, the software license revenue is recognized as services are performed using the cost-to-cost percentage of completion method of contract accounting, and such revenue is recorded as services revenue. | |
Gainshare Performance Incentives — When the Company enters into a contract to provide yield improvement services, the contract usually includes two components: (1) a fixed fee for performance by the Company of services delivered over a specific period of time; and (2) a Gainshare performance incentive component where the customer may pay a contingent variable fee, usually after the fixed fee period has ended. Revenue derived from Gainshare performance incentives represents profit sharing and performance incentives earned contingent upon the Company’s customers reaching certain defined operational levels established in related solution implementation service contracts. Gainshare performance incentives periods are usually subsequent to the delivery of all contractual services and therefore have no cost to the Company. Due to the uncertainties surrounding attainment of such operational levels, the Company recognizes Gainshare performance incentives revenue (to the extent of completion of the related solution implementation contract) upon receipt of performance reports or other related information from the customer supporting the determination of amounts and probability of collection. |
Note_3_Balance_Sheet_Component1
Note 3 - Balance Sheet Components (Tables) | 3 Months Ended | ||||||||
Mar. 31, 2015 | |||||||||
Disclosure Text Block Supplement [Abstract] | |||||||||
Property, Plant and Equipment [Table Text Block] | March 31, | December 31, | |||||||
2015 | 2014 | ||||||||
Property and equipment, net: | |||||||||
Computer equipment | $ | 8,678 | $ | 9,817 | |||||
Software | 1,898 | 3,369 | |||||||
Furniture, fixtures and equipment | 745 | 756 | |||||||
Leasehold improvements | 1,139 | 1,127 | |||||||
Test equipment | 6,677 | 6,401 | |||||||
Construction-in-progress | 3,287 | 2,405 | |||||||
22,424 | 23,875 | ||||||||
Less: accumulated depreciation | (12,529 | ) | (15,043 | ) | |||||
Total | $ | 9,895 | $ | 8,832 |
Note_4_Stockholders_Equity_Tab
Note 4 - Stockholders' Equity (Tables) | 3 Months Ended | ||||||||||||||||
Mar. 31, 2015 | |||||||||||||||||
Disclosure Text Block Supplement [Abstract] | |||||||||||||||||
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Table Text Block] | Three Months | ||||||||||||||||
Ended March 31, | |||||||||||||||||
2015 | 2014 | ||||||||||||||||
Cost of Design-to-silicon-yield solutions | $ | 887 | $ | 724 | |||||||||||||
Research and development | 491 | 371 | |||||||||||||||
Selling, general and administrative | 821 | 565 | |||||||||||||||
Stock-based compensation expenses | $ | 2,199 | $ | 1,660 | |||||||||||||
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block] | Three Months | ||||||||||||||||
Ended March 31, | |||||||||||||||||
2015 | 2014 | ||||||||||||||||
Expected life (in years) | 4.51 | 4.58 | |||||||||||||||
Volatility | 46.48 | % | 43.35 | % | |||||||||||||
Risk-free interest rate | 1.25 | % | 1.56 | % | |||||||||||||
Expected dividend | — | — | |||||||||||||||
Weighted average fair value per share of options granted during the period | $ | 6.38 | $ | 7.75 | |||||||||||||
Three Months | |||||||||||||||||
Ended March 31, | |||||||||||||||||
2015 | 2014 | ||||||||||||||||
Expected life (in years) | 1.25 | 1.25 | |||||||||||||||
Volatility | 54.21 | % | 34.56 | % | |||||||||||||
Risk-free interest rate | 0.26 | % | 0.18 | % | |||||||||||||
Expected dividend | — | — | |||||||||||||||
Weighted average fair value of purchase rights granted under the Purchase Plan | $ | 6.19 | $ | 7.18 | |||||||||||||
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block] | Number of | Weighted | Weighted | Aggregate | |||||||||||||
Options | Average | Average | Intrinsic | ||||||||||||||
(in | Exercise | Remaining | Value | ||||||||||||||
thousands) | Price | Contractual | (in | ||||||||||||||
per Share | Term | thousands) | |||||||||||||||
(years) | |||||||||||||||||
Outstanding, January 1, 2015 | 2,352 | $ | 7.65 | ||||||||||||||
Granted (weighted average fair value of $6.38 per share) | 12 | $ | 16.12 | ||||||||||||||
Exercised | (462 | ) | $ | 6.76 | |||||||||||||
Canceled | (10 | ) | $ | 10.41 | |||||||||||||
Expired | (1 | ) | $ | 13.08 | |||||||||||||
Outstanding, March 31, 2015 | 1,891 | $ | 7.9 | 5.47 | $ | 19,032 | |||||||||||
Vested and expected to vest, March 31, 2015 | 1,874 | $ | 7.87 | 5.45 | $ | 18,918 | |||||||||||
Exercisable, March 31, 2015 | 1,511 | $ | 7.4 | 5 | $ | 15,917 | |||||||||||
Schedule of Share-based Compensation, Restricted Stock Units Award Activity [Table Text Block] | Shares | Weighted | |||||||||||||||
(in thousands) | Average | ||||||||||||||||
Grant Date | |||||||||||||||||
Fair Value Per | |||||||||||||||||
Share | |||||||||||||||||
Nonvested, January 1, 2015 | 941 | $ | 17.38 | ||||||||||||||
Granted | 12 | $ | 16.12 | ||||||||||||||
Vested | (19 | ) | $ | 17.86 | |||||||||||||
Forfeited | (18 | ) | $ | 17.66 | |||||||||||||
Nonvested, March 31, 2015 | 916 | $ | 17.35 |
Note_6_Net_Income_Per_Share_Ta
Note 6 - Net Income Per Share (Tables) | 3 Months Ended | ||||||||
Mar. 31, 2015 | |||||||||
Earnings Per Share [Abstract] | |||||||||
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | Three Months Ended March 31, | ||||||||
2015 | 2014 | ||||||||
Numerator: | |||||||||
Net income | $ | 5,967 | $ | 6,255 | |||||
Denominator: | |||||||||
Basic weighted-average shares outstanding | 31,336 | 30,477 | |||||||
Effect of dilutive options and restricted stock | 955 | 1,488 | |||||||
Diluted weighted average shares outstanding | 32,291 | 31,965 | |||||||
Net income per share - Basic | $ | 0.19 | $ | 0.21 | |||||
Net income per share - Diluted | $ | 0.18 | $ | 0.2 | |||||
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block] | Three Months Ended March 31, | ||||||||
2015 | 2014 | ||||||||
Outstanding options | 55 | 19 | |||||||
Nonvested restricted stock units | 414 | — | |||||||
Employee Stock Purchase Plan | 264 | 48 | |||||||
Total | 733 | 67 |
Note_7_Customer_and_Geographic1
Note 7 - Customer and Geographic Information (Tables) | 3 Months Ended | ||||||||||||||||
Mar. 31, 2015 | |||||||||||||||||
Segment Reporting [Abstract] | |||||||||||||||||
Schedule of Revenue by Major Customers by Reporting Segments [Table Text Block] | Three Months Ended March 31, | ||||||||||||||||
Customer | 2015 | 2014 | |||||||||||||||
A | 44 | % | 45 | % | |||||||||||||
B | 28 | % | 13 | % | |||||||||||||
C | 11 | % | 19 | % | |||||||||||||
Schedule of Receivables by Major Customers [Table Text Block] | Customer | March 31, | December 31, | ||||||||||||||
2015 | 2014 | ||||||||||||||||
A | 40 | % | 51 | % | |||||||||||||
C | 27 | % | 21 | % | |||||||||||||
Schedule of Revenue from External Customers Attributed to Foreign Countries by Geographic Area [Table Text Block] | Three Months Ended March 31, | ||||||||||||||||
2015 | 2014 | ||||||||||||||||
Revenues | Percentage | Revenues | Percentage | ||||||||||||||
of | of | ||||||||||||||||
Revenues | Revenues | ||||||||||||||||
United States | $ | 10,315 | 38 | % | $ | 11,399 | 42 | % | |||||||||
Germany | 6,264 | 24 | 9,100 | 34 | |||||||||||||
South Korea | 6,918 | 26 | 2,260 | 8 | |||||||||||||
Rest of the world | 3,320 | 12 | 4,327 | 16 | |||||||||||||
Total revenue | $ | 26,817 | 100 | % | $ | 27,086 | 100 | % | |||||||||
Schedule of Disclosure on Geographic Areas, Long-Lived Assets in Individual Foreign Countries by Country [Table Text Block] | March 31, | December 31, | |||||||||||||||
2015 | 2014 | ||||||||||||||||
United States | $ | 9,319 | $ | 8,240 | |||||||||||||
Rest of the world | 576 | 592 | |||||||||||||||
Total long-lived assets, net | $ | 9,895 | $ | 8,832 |
Note_8_Fair_Value_Measurements1
Note 8 - Fair Value Measurements (Tables) | 3 Months Ended | ||||||||||||||||
Mar. 31, 2015 | |||||||||||||||||
Fair Value Disclosures [Abstract] | |||||||||||||||||
Fair Value, Assets Measured on Recurring Basis [Table Text Block] | Assets | Total | Quoted | Significant | Significant | ||||||||||||
Prices | Other | Unobservable | |||||||||||||||
in | Observable | Inputs | |||||||||||||||
Active | Inputs | (Level 3) | |||||||||||||||
Markets | (Level 2) | ||||||||||||||||
for | |||||||||||||||||
Identical | |||||||||||||||||
Assets | |||||||||||||||||
(Level 1) | |||||||||||||||||
Money market mutual funds | $ | 26,358 | $ | 26,358 | $ | — | $ | — | |||||||||
Assets | Total | Quoted | Significant | Significant | |||||||||||||
Prices | Other | Unobservable | |||||||||||||||
in | Observable | Inputs | |||||||||||||||
Active | Inputs | (Level 3) | |||||||||||||||
Markets | (Level 2) | ||||||||||||||||
for | |||||||||||||||||
Identical | |||||||||||||||||
Assets | |||||||||||||||||
(Level 1) | |||||||||||||||||
Money market mutual funds | $ | 26,356 | $ | 26,356 | $ | — | $ | — |
Note_9_Commitments_and_Conting1
Note 9 - Commitments and Contingencies (Tables) | 3 Months Ended | ||||
Mar. 31, 2015 | |||||
Commitments and Contingencies Disclosure [Abstract] | |||||
Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block] | Year Ending December 31, | Amount | |||
2015 (remaining nine months) | $ | 1,382 | |||
2016 | 1,753 | ||||
2017 | 1,415 | ||||
2018 | 806 | ||||
2019 | 71 | ||||
Thereafter | 79 | ||||
Total future minimum lease payments | $ | 5,506 |
Note_3_Balance_Sheet_Component2
Note 3 - Balance Sheet Components (Details) (USD $) | 3 Months Ended | ||
In Millions, unless otherwise specified | Mar. 31, 2015 | Mar. 31, 2014 | Dec. 31, 2014 |
Disclosure Text Block Supplement [Abstract] | |||
Unbilled Receivables, Current | $9.20 | $9.70 | |
Depreciation, Depletion and Amortization, Nonproduction | $0.60 | $0.50 |
Note_3_Balance_Sheet_Component3
Note 3 - Balance Sheet Components (Details) - Property and Equipment (USD $) | Mar. 31, 2015 | Dec. 31, 2014 |
In Thousands, unless otherwise specified | ||
Property and equipment, net: | ||
Property and Equipment, Net | $22,424 | $23,875 |
Less: accumulated depreciation | -12,529 | -15,043 |
Total | 9,895 | 8,832 |
Computer Equipment [Member] | ||
Property and equipment, net: | ||
Property and Equipment, Net | 8,678 | 9,817 |
Software and Software Development Costs [Member] | ||
Property and equipment, net: | ||
Property and Equipment, Net | 1,898 | 3,369 |
Furniture and Fixtures [Member] | ||
Property and equipment, net: | ||
Property and Equipment, Net | 745 | 756 |
Leasehold Improvements [Member] | ||
Property and equipment, net: | ||
Property and Equipment, Net | 1,139 | 1,127 |
Equipment [Member] | ||
Property and equipment, net: | ||
Property and Equipment, Net | 6,677 | 6,401 |
Construction in Progress [Member] | ||
Property and equipment, net: | ||
Property and Equipment, Net | $3,287 | $2,405 |
Note_4_Stockholders_Equity_Det
Note 4 - Stockholders' Equity (Details) (USD $) | 3 Months Ended | 40 Months Ended | |||
Mar. 31, 2015 | Mar. 31, 2014 | Mar. 31, 2015 | Dec. 31, 2014 | Oct. 21, 2014 | |
Note 4 - Stockholders' Equity (Details) [Line Items] | |||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | 4 years | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized | 6,550,000 | 6,550,000 | |||
Share Based Compensation Arrangement By Share Based Payment Award Shares Reserved Decrease Rate | 1.33 | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures in Period | 10,000 | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number | 1,891,000 | 1,891,000 | 2,352,000 | ||
Share Price (in Dollars per share) | $17.92 | 17.92 | |||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested in Period, Fair Value (in Dollars) | $500,000 | ||||
Stock Issued During Period, Shares, Employee Stock Purchase Plans | 51,000 | 52,000 | |||
Employee Stock Purchase Plan Weighted Average Purchase Price Of Shares Purchased (in Dollars per share) | $13.32 | $12.10 | |||
Allocated Share-based Compensation Expense (in Dollars) | 2,199,000 | 1,660,000 | |||
Stock Repurchased During Period, Shares | 199,912 | ||||
Stock Repurchsed During Period Average Per Share Price (in Dollars per share) | $18.03 | ||||
Stock Repurchased During Period, Value (in Dollars) | 3,600,000 | ||||
Stock Repurchase Program, Remaining Authorized Repurchase Amount (in Dollars) | 21,400,000 | 21,400,000 | |||
Employee Stock Option [Member] | |||||
Note 4 - Stockholders' Equity (Details) [Line Items] | |||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Intrinsic Value (in Dollars) | 5,200,000 | ||||
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Stock Options (in Dollars) | 1,700,000 | 1,700,000 | |||
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition | 1 year 109 days | ||||
Number Of ESPP Shares Available For Future Issuance | 2,800,000 | 2,800,000 | |||
Restricted Stock [Member] | |||||
Note 4 - Stockholders' Equity (Details) [Line Items] | |||||
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition | 2 years 146 days | ||||
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Share-based Awards Other than Options (in Dollars) | 12,500,000 | 12,500,000 | |||
Stock Repurchase Program Adopted in October 2014 [Member] | |||||
Note 4 - Stockholders' Equity (Details) [Line Items] | |||||
Stock Repurchase Program, Authorized Amount (in Dollars) | 25,000,000 | ||||
Shares Previously Issued Under the 2001 Plan [Member] | |||||
Note 4 - Stockholders' Equity (Details) [Line Items] | |||||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized | 3,500,000 | 3,500,000 | |||
2011 Stock Incentive Plan [Member] | |||||
Note 4 - Stockholders' Equity (Details) [Line Items] | |||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | 4 years | ||||
Share Based Compensation Arrangement By Share Based Payment Award Expiration Term | 10 years | ||||
Common Stock, Capital Shares Reserved for Future Issuance | 7,000,000 | 7,000,000 | |||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant | 4,000,000 | 4,000,000 | |||
IDS Plan [Member] | |||||
Note 4 - Stockholders' Equity (Details) [Line Items] | |||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | 4 years | ||||
Share Based Compensation Arrangement By Share Based Payment Award Expiration Term | 10 years | ||||
2001 Stock Incentive Plan [Member] | |||||
Note 4 - Stockholders' Equity (Details) [Line Items] | |||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures in Period | 400,000 | ||||
Outside of the 2011, 2001, or IDS Plans [Member] | |||||
Note 4 - Stockholders' Equity (Details) [Line Items] | |||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number | 0 | 0 | |||
Employee Stock Purchase Plan [Member] | |||||
Note 4 - Stockholders' Equity (Details) [Line Items] | |||||
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition | 1 year 292 days | ||||
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Share-based Awards Other than Options (in Dollars) | 1,500,000 | 1,500,000 | |||
Share-based Compensation Arrangement by Share-based Payment Award, Maximum Employee Subscription Rate | 10.00% | 10.00% | |||
Share-based Compensation Arrangement by Share-based Payment Award, Purchase Price of Common Stock, Percent | 85.00% | ||||
ESPP Maximum Annual Share Replenishment | 675,000 | ||||
ESPP Maximum Annual Share Replenishment Percentage Of Prior Year Outstanding Company Common Stock | 2.00% | ||||
Allocated Share-based Compensation Expense (in Dollars) | $200,000 | $200,000 |
Note_4_Stockholders_Equity_Det1
Note 4 - Stockholders' Equity (Details) - Allocation of Recognized Period Costs (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2015 | Mar. 31, 2014 |
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items] | ||
Allocation of Recognized Period Costs | $2,199 | $1,660 |
Cost of Sales [Member] | ||
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items] | ||
Allocation of Recognized Period Costs | 887 | 724 |
Research and Development Expense [Member] | ||
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items] | ||
Allocation of Recognized Period Costs | 491 | 371 |
Selling, General and Administrative Expenses [Member] | ||
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items] | ||
Allocation of Recognized Period Costs | $821 | $565 |
Note_4_Stockholders_Equity_Det2
Note 4 - Stockholders' Equity (Details) - Stock Options, Valuation Assumptions (USD $) | 3 Months Ended | |
Mar. 31, 2015 | Mar. 31, 2014 | |
Note 4 - Stockholders' Equity (Details) - Stock Options, Valuation Assumptions [Line Items] | ||
Weighted Average Grant Date Fair Value (in Dollars per share) | $6.38 | |
Employee Stock Option [Member] | ||
Note 4 - Stockholders' Equity (Details) - Stock Options, Valuation Assumptions [Line Items] | ||
Expected life (in years) | 4 years 186 days | 4 years 211 days |
Volatility | 46.48% | 43.35% |
Risk-free interest rate | 1.25% | 1.56% |
Expected dividend | 0.00% | 0.00% |
Weighted Average Grant Date Fair Value (in Dollars per share) | $6.38 | $7.75 |
Employee Stock Purchase Plan [Member] | ||
Note 4 - Stockholders' Equity (Details) - Stock Options, Valuation Assumptions [Line Items] | ||
Expected life (in years) | 1 year 3 months | 1 year 3 months |
Volatility | 54.21% | 34.56% |
Risk-free interest rate | 0.26% | 0.18% |
Weighted Average Grant Date Fair Value (in Dollars per share) | $6.19 | $7.18 |
Note_4_Stockholders_Equity_Det3
Note 4 - Stockholders' Equity (Details) - Stock Options Activity (USD $) | 3 Months Ended |
In Thousands, except Per Share data, unless otherwise specified | Mar. 31, 2015 |
Stock Options Activity [Abstract] | |
Outstanding - Number of Options | 2,352 |
Outstanding - Weighted Average Exercise Price per Share | $7.65 |
Outstanding - Weighted Average Remaining Contractual Term | 5 years 171 days |
Vested and expected to vest, March 31, 2015 | 1,874 |
Vested and expected to vest, March 31, 2015 | $7.87 |
Vested and expected to vest, March 31, 2015 | 5 years 164 days |
Vested and expected to vest, March 31, 2015 | $18,918 |
Exercisable, March 31, 2015 | 1,511 |
Exercisable, March 31, 2015 | $7.40 |
Exercisable, March 31, 2015 | 5 years |
Exercisable, March 31, 2015 | 15,917 |
Granted (weighted average fair value of $6.38 per share) | 12 |
Granted (weighted average fair value of $6.38 per share) | $16.12 |
Exercised | -462 |
Exercised | $6.76 |
Canceled | -10 |
Canceled | $10.41 |
Expired | -1 |
Expired | $13.08 |
Outstanding - Number of Options | 1,891 |
Outstanding - Weighted Average Exercise Price per Share | $7.90 |
Outstanding - Weighted Average Remaining Contractual Term | 5 years 171 days |
Outstanding - Aggregate Intrinsic Value | $19,032 |
Note_4_Stockholders_Equity_Det4
Note 4 - Stockholders' Equity (Details) - Stock Options Activity (Parentheticals) (USD $) | 3 Months Ended |
Mar. 31, 2015 | |
Stock Options Activity [Abstract] | |
Granted, weighted average fair value | $6.38 |
Note_4_Stockholders_Equity_Det5
Note 4 - Stockholders' Equity (Details) - Nonvested Restricted Stock Units Activity (Restricted Stock Units (RSUs) [Member], USD $) | 3 Months Ended |
In Thousands, except Per Share data, unless otherwise specified | Mar. 31, 2015 |
Restricted Stock Units (RSUs) [Member] | |
Note 4 - Stockholders' Equity (Details) - Nonvested Restricted Stock Units Activity [Line Items] | |
Nonvested, January 1, 2015 | 941 |
Nonvested, January 1, 2015 | $17.38 |
Nonvested, March 31, 2015 | 916 |
Nonvested, March 31, 2015 | $17.35 |
Granted | 12 |
Granted | $16.12 |
Vested | -19 |
Vested | $17.86 |
Forfeited | -18 |
Forfeited | $17.66 |
Note_5_Income_Taxes_Details
Note 5 - Income Taxes (Details) (USD $) | 3 Months Ended | ||
Mar. 31, 2015 | Mar. 31, 2014 | Dec. 31, 2014 | |
Income Tax Disclosure [Abstract] | |||
Increase (Decrease) in Income Taxes | $500,000 | ||
Income Tax Expense (Benefit) | 3,553,000 | 3,039,000 | |
Effective Income Tax Rate Reconciliation, Percent | 37.30% | 32.70% | |
Unrecognized Tax Benefits | 10,300,000 | 10,400,000 | |
Unrecognized Tax Benefits that Would Impact Effective Tax Rate | 6,100,000 | 6,300,000 | |
Unrecognized Tax Benefits In Long Term Liabilities | 2,400,000 | ||
Unrecognized Tax Benefits In Deferred Tax Assets | 8,400,000 | ||
Unrecognized Tax Benefits In Deferred Tax Asset Subject To Full Valuation Allowance | $4,200,000 |
Note_6_Net_Income_Per_Share_De
Note 6 - Net Income Per Share (Details) - Calculation of Earnings Per Share (USD $) | 3 Months Ended | |
In Thousands, except Per Share data, unless otherwise specified | Mar. 31, 2015 | Mar. 31, 2014 |
Numerator: | ||
Net income (in Dollars) | $5,967 | $6,255 |
Denominator: | ||
Basic weighted-average shares outstanding | 31,336 | 30,477 |
Effect of dilutive options and restricted stock | 955 | 1,488 |
Diluted weighted average shares outstanding | 32,291 | 31,965 |
Net income per share - Basic (in Dollars per share) | $0.19 | $0.21 |
Net income per share - Diluted (in Dollars per share) | $0.18 | $0.20 |
Note_6_Net_Income_Per_Share_De1
Note 6 - Net Income Per Share (Details) - Antidilutive Securities | 3 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2015 | Mar. 31, 2014 |
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ||
Antidilutive Securities | 733 | 67 |
Equity Option [Member] | ||
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ||
Antidilutive Securities | 55 | 19 |
Restricted Stock Units (RSUs), Nonvested [Member] | ||
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ||
Antidilutive Securities | 414 | |
Employee Stock Purchase Plan [Member] | ||
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ||
Antidilutive Securities | 264 | 48 |
Note_7_Customer_and_Geographic2
Note 7 - Customer and Geographic Information (Details) | 3 Months Ended |
Mar. 31, 2015 | |
Note 7 - Customer and Geographic Information (Details) [Line Items] | |
Number of Operating Segments | 1 |
Customer Concentration Risk [Member] | |
Note 7 - Customer and Geographic Information (Details) [Line Items] | |
Concentration Risk, Percentage | 10.00% |
Accounts Receivable [Member] | |
Note 7 - Customer and Geographic Information (Details) [Line Items] | |
Concentration Risk, Percentage | 10.00% |
Note_7_Customer_and_Geographic3
Note 7 - Customer and Geographic Information (Details) - Revenue Percentage by Major Customers (Customer Concentration Risk [Member]) | 3 Months Ended | |
Mar. 31, 2015 | Mar. 31, 2014 | |
Revenue, Major Customer [Line Items] | ||
Revenue Percentage by Major Customer | 10.00% | |
Customer A [Member] | Sales Revenue, Net [Member] | ||
Revenue, Major Customer [Line Items] | ||
Revenue Percentage by Major Customer | 44.00% | 45.00% |
Customer B [Member] | Sales Revenue, Net [Member] | ||
Revenue, Major Customer [Line Items] | ||
Revenue Percentage by Major Customer | 28.00% | 13.00% |
Customer C [Member] | Sales Revenue, Net [Member] | ||
Revenue, Major Customer [Line Items] | ||
Revenue Percentage by Major Customer | 11.00% | 19.00% |
Note_7_Customer_and_Geographic4
Note 7 - Customer and Geographic Information (Details) - Receivables Percentage by Major Customers | 3 Months Ended | 12 Months Ended |
Mar. 31, 2015 | Dec. 31, 2014 | |
Customer A [Member] | Customer Concentration Risk [Member] | Accounts Receivable [Member] | ||
Note 7 - Customer and Geographic Information (Details) - Receivables Percentage by Major Customers [Line Items] | ||
Receivables Percentage by Major Customer | 40.00% | 51.00% |
Customer C [Member] | Customer Concentration Risk [Member] | Accounts Receivable [Member] | ||
Note 7 - Customer and Geographic Information (Details) - Receivables Percentage by Major Customers [Line Items] | ||
Receivables Percentage by Major Customer | 27.00% | 21.00% |
Customer Concentration Risk [Member] | ||
Note 7 - Customer and Geographic Information (Details) - Receivables Percentage by Major Customers [Line Items] | ||
Receivables Percentage by Major Customer | 10.00% | |
Accounts Receivable [Member] | ||
Note 7 - Customer and Geographic Information (Details) - Receivables Percentage by Major Customers [Line Items] | ||
Receivables Percentage by Major Customer | 10.00% |
Note_7_Customer_and_Geographic5
Note 7 - Customer and Geographic Information (Details) - Revenues by Geographic Area (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2015 | Mar. 31, 2014 |
Note 7 - Customer and Geographic Information (Details) - Revenues by Geographic Area [Line Items] | ||
Revenues | $26,817 | $27,086 |
Geographic Concentration Risk [Member] | UNITED STATES | Sales Revenue, Net [Member] | ||
Note 7 - Customer and Geographic Information (Details) - Revenues by Geographic Area [Line Items] | ||
Revenues | 10,315 | 11,399 |
Concentration Risk Percentage | 38.00% | 42.00% |
Geographic Concentration Risk [Member] | GERMANY | Sales Revenue, Net [Member] | ||
Note 7 - Customer and Geographic Information (Details) - Revenues by Geographic Area [Line Items] | ||
Revenues | 6,264 | 9,100 |
Concentration Risk Percentage | 24.00% | 34.00% |
Geographic Concentration Risk [Member] | KOREA, REPUBLIC OF | Sales Revenue, Net [Member] | ||
Note 7 - Customer and Geographic Information (Details) - Revenues by Geographic Area [Line Items] | ||
Revenues | 6,918 | 2,260 |
Concentration Risk Percentage | 26.00% | 8.00% |
Geographic Concentration Risk [Member] | Rest of the World [Member] | Sales Revenue, Net [Member] | ||
Note 7 - Customer and Geographic Information (Details) - Revenues by Geographic Area [Line Items] | ||
Revenues | 3,320 | 4,327 |
Concentration Risk Percentage | 12.00% | 16.00% |
Geographic Concentration Risk [Member] | Sales Revenue, Net [Member] | ||
Note 7 - Customer and Geographic Information (Details) - Revenues by Geographic Area [Line Items] | ||
Revenues | $26,817 | $27,086 |
Concentration Risk Percentage | 100.00% | 100.00% |
Note_7_Customer_and_Geographic6
Note 7 - Customer and Geographic Information (Details) - Long-lived Assets by Geographic Area (USD $) | Mar. 31, 2015 | Dec. 31, 2014 |
In Thousands, unless otherwise specified | ||
Note 7 - Customer and Geographic Information (Details) - Long-lived Assets by Geographic Area [Line Items] | ||
Long-lived assets, net, by geographical area | $9,895 | $8,832 |
North America [Member] | ||
Note 7 - Customer and Geographic Information (Details) - Long-lived Assets by Geographic Area [Line Items] | ||
Long-lived assets, net, by geographical area | 9,319 | 8,240 |
Rest of the World [Member] | ||
Note 7 - Customer and Geographic Information (Details) - Long-lived Assets by Geographic Area [Line Items] | ||
Long-lived assets, net, by geographical area | $576 | $592 |
Note_8_Fair_Value_Measurements2
Note 8 - Fair Value Measurements (Details) (Foreign Exchange Contract [Member], USD $) | 3 Months Ended | |
Mar. 31, 2015 | Mar. 31, 2014 | |
Note 8 - Fair Value Measurements (Details) [Line Items] | ||
Derivative, Number of Instruments Held | 1 | |
Derivative Asset, Notional Amount | $6,500,000 | |
Other Nonoperating Income (Expense) [Member] | ||
Note 8 - Fair Value Measurements (Details) [Line Items] | ||
Derivative, Gain (Loss) on Derivative, Net | 700,000 | 0 |
Other Current Liabilities [Member] | ||
Note 8 - Fair Value Measurements (Details) [Line Items] | ||
Derivative Liability, Current | $134,000 |
Note_8_Fair_Value_Measurements3
Note 8 - Fair Value Measurements (Details) - Fair Value, Assets Measured on Recurring Basis (Money Market Mutual Funds [Member], USD $) | Mar. 31, 2015 | Dec. 31, 2014 |
In Thousands, unless otherwise specified | ||
Note 8 - Fair Value Measurements (Details) - Fair Value, Assets Measured on Recurring Basis [Line Items] | ||
Money market mutual funds | $26,358 | $26,356 |
Fair Value, Inputs, Level 1 [Member] | ||
Note 8 - Fair Value Measurements (Details) - Fair Value, Assets Measured on Recurring Basis [Line Items] | ||
Money market mutual funds | $26,358 | $26,356 |
Note_9_Commitments_and_Conting2
Note 9 - Commitments and Contingencies (Details) (USD $) | 3 Months Ended | |
Mar. 31, 2015 | Mar. 31, 2014 | |
Commitments and Contingencies Disclosure [Abstract] | ||
Operating Leases, Rent Expense, Net | $500,000 | $500,000 |
Loss Contingency, Loss in Period | 0 | |
Loss Contingency Accrual | $0 |
Note_9_Commitments_and_Conting3
Note 9 - Commitments and Contingencies (Details) - Future Minimum Lease Payments Under Noncancelable Operating Leases (USD $) | Mar. 31, 2015 |
In Thousands, unless otherwise specified | |
Future Minimum Lease Payments Under Noncancelable Operating Leases [Abstract] | |
2015 (remaining nine months) | $1,382 |
2016 | 1,753 |
2017 | 1,415 |
2018 | 806 |
2019 | 71 |
Thereafter | 79 |
Total future minimum lease payments | $5,506 |