DTS 10-Q/A 9 Mar 15 2014 Q2 Quarterly report (amended) Financial data

Document_and_Entity_Informatio

Document and Entity Information	6 Months Ended
	Jun. 30, 2014	Aug. 04, 2014
Document and Entity Information
Entity Registrant Name	DTS, INC.
Entity Central Index Key	1226308
Document Type	10-Q/A
Document Period End Date	30-Jun-14
Amendment Flag	TRUE
Amendment Description	As used in this Amendment No. 1 to Form 10-Q for the quarter ended June 30, 2014 (the "Form 10-Q/A"), the terms "Company," "our," "us", or "we" refer to DTS, Inc. and its consolidated subsidiaries. This Form 10-Q/A amends our Quarterly Report on Form 10-Q for the quarter ended June 30, 2014, as originally filed with the Securities and Exchange Commission (the "SEC") on August 11, 2014 (the "Original Filing"). This Form 10-Q/A is being filed to restate our unaudited condensed consolidated financial statements as of and for the six months ended June 30, 2014 and to make corresponding revisions to certain disclosures in the Original Filing. The restatement is the result of an understatement of income tax benefit due to the inadvertent omission of certain foreign tax credits in the provision (benefit) for income taxes in the unaudited financial statements, relating to the Company?s special one-time transfer of certain Japan and Taiwan intellectual property (IP) licensing rights to the US on January 1, 2014. This transaction was initiated to improve US profitability and cash flow, and reduce the future consolidated effective tax rate excluding discete items, in part by optimizing the use of certain foreign withholding taxes as credits. Due to the complexity of this transaction, the Company engaged teams of accounting, tax and legal professionals with relevant expertise in global IP, legal and tax structures. In particular, a leading global accounting firm was selected for its expertise in specific areas of international taxation to assist in the planning and execution of the transaction, as well as the review of the quarterly and annual income tax provisions for 2014. During the audit of the Company?s income tax provision for the year ended December 31, 2014, it was discovered that certain foreign tax credits available to the Company as a result of the special one-time transfer had been inadvertently excluded from the first quarter income tax provision. The correction of this misstatement as of and for the six months ended June 30, 2014 is an $8.7 million increase in the benefit for income taxes, a $3.7 million decrease in income taxes receivable, a $14.8 million increase in current deferred income tax assets, a $1.5 million decrease in non-current deferred income tax assets, and a $0.9 million increase in other long-term liabilities. The impacts of this correction are reflected within this Form 10-Q/A and are further described in Note 11, "Restatement." This Form 10-Q/A amends and restates in its entirety each section of the Original Filing impacted as a result of the restatement, but each section that has been restated has been updated solely to reflect the changes described in Note 11 and any corresponding disclosures. This Form 10-Q/A has not been updated to reflect events occurring after August 11, 2014, the date of the Original Filing. Therefore, this Form 10-Q/A should be read in conjunction with filings we have made with the SEC subsequent to August 11, 2014.
Current Fiscal Year End Date	-19
Entity Current Reporting Status	Yes
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		17,108,783
Document Fiscal Year Focus	2014
Document Fiscal Period Focus	Q2

CONSOLIDATED_BALANCE_SHEETS

CONSOLIDATED BALANCE SHEETS (USD $)	Jun. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Current assets:
Cash and cash equivalents	$64,498	$66,025
Short-term investments	5,003	5,004
Accounts receivable, net of allowance for doubtful accounts of $1,079 and $1,388 at June 30, 2014 and December 31, 2013, respectively	21,541	11,637
Deferred income taxes	23,890	5,787
Prepaid expenses and other current assets	3,737	5,480
Income taxes receivable	3,575	2,826
Total current assets	122,244	96,759
Property and equipment, net	28,469	30,116
Intangible assets, net	46,014	50,225
Goodwill	48,418	48,418
Deferred income taxes	11,952	11,667
Other long-term assets	4,155	4,613
Total assets	261,252	241,798
Current liabilities:
Accounts payable	2,317	2,802
Accrued expenses	9,980	12,142
Deferred revenue	8,149	10,262
Total current liabilities	20,446	25,206
Long-term debt	30,000	30,000
Other long-term liabilities	7,890	3,480
Commitments and contingencies (Note 6)
Stockholders' equity:
Preferred stock-$0.0001 par value, 5,000 shares authorized at June 30, 2014 and December 31, 2013; no shares issued and outstanding
Common stock-$0.0001 par value, 70,000 shares authorized at June 30, 2014 and December 31, 2013; 21,169 and 20,972 shares issued at June 30, 2014 and December 31, 2013, respectively; 17,102 and 17,279 shares outstanding at June 30, 2014 and December 31, 2013, respectively	3	3
Additional paid-in capital	230,900	224,971
Treasury stock, at cost- 4,067 and 3,693 shares at June 30, 2014 and December 31, 2013, respectively	-92,184	-84,689
Accumulated other comprehensive income	791	747
Retained earnings	63,406	42,080
Total stockholders' equity	202,916	183,112
Total liabilities and stockholders' equity	$261,252	$241,798

CONSOLIDATED_BALANCE_SHEETS_Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)	Jun. 30, 2014	Dec. 31, 2013
In Thousands, except Per Share data, unless otherwise specified
CONSOLIDATED BALANCE SHEETS
Accounts receivable, allowance for doubtful accounts (in dollars)	$1,079	$1,388
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	21,169	20,972
Common stock, shares outstanding	17,102	17,279
Treasury stock, shares	4,067	3,693

CONSOLIDATED_STATEMENTS_OF_OPE

CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)	3 Months Ended		6 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
CONSOLIDATED STATEMENTS OF OPERATIONS
Revenue	$36,189	$27,188	$73,024	$59,916
Cost of revenue	2,460	2,412	4,791	4,734
Gross profit	33,729	24,776	68,233	55,182
Operating expenses:
Selling, general and administrative	18,796	18,749	41,401	40,439
Research and development	9,183	7,842	18,006	15,521
Total operating expenses	27,979	26,591	59,407	55,960
Operating income (loss)	5,750	-1,815	8,826	-778
Interest and other income (expense), net	231	-174	17	-419
Income (loss) before income taxes	5,981	-1,989	8,843	-1,197
Provision (benefit) for income taxes	-1,034	38	-12,483	2,362
Net income (loss)	$7,015	($2,027)	$21,326	($3,559)
Net income (loss) per common share:
Basic (in dollars per share)	$0.41	($0.11)	$1.24	($0.19)
Diluted (in dollars per share)	$0.41	($0.11)	$1.23	($0.19)
Weighted average shares outstanding:
Basic (in shares)	17,038	18,306	17,161	18,263
Diluted (in shares)	17,190	18,306	17,379	18,263

CONSOLIDATED_STATEMENTS_OF_COM

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
Net income (loss)	$7,015	($2,027)	$21,326	($3,559)
Other comprehensive income, net of tax:
Foreign currency translation adjustments		41		67
Other	2	-2	44	-1
Total comprehensive income (loss)	$7,017	($1,988)	$21,370	($3,493)

CONSOLIDATED_STATEMENTS_OF_CAS

CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013
Cash flows from operating activities:
Net income (loss)	$21,326	($3,559)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	7,403	7,758
Stock-based compensation charges	5,397	5,925
Deferred income taxes	-17,957	-1,305
Tax shortfalls from stock-based awards	-320	-391
Excess tax shortfalls from stock-based awards		24
Other	-14	81
Changes in operating assets and liabilities:
Accounts receivable	-9,987	-2,047
Prepaid expenses and other assets	1,732	330
Accounts payable, accrued expenses and other liabilities	-1,830	-4,629
Deferred revenue	-2,113	698
Income taxes receivable	1,951	760
Net cash provided by operating activities	5,588	3,645
Cash flows from investing activities:
Purchases of available-for-sale investments		-5,005
Maturities of available-for-sale investments		15,440
Sale of other assets	725
Purchases of property and equipment	-798	-1,355
Purchases of intangible assets	-399	-484
Net cash provided by (used in) investing activities	-472	8,596
Cash flows from financing activities:
Proceeds from the issuance of common stock under stock-based compensation plans	1,544	1,403
Repurchases and retirement of common stock for restricted stock tax withholdings	-692	-804
Excess tax shortfalls from stock-based awards		-24
Purchases of treasury stock	-7,495	-2,754
Net cash used in financing activities	-6,643	-2,179
Net change in cash and cash equivalents	-1,527	10,062
Cash and cash equivalents, beginning of period	66,025	57,831
Cash and cash equivalents, end of period	$64,498	$67,893

Basis_of_Presentation

Basis of Presentation	6 Months Ended
	Jun. 30, 2014
Basis of Presentation
Basis of Presentation	Note 1—Basis of Presentation
	The accompanying unaudited condensed consolidated financial statements of DTS, Inc. (the "Company") have been prepared in accordance with accounting principles generally accepted in the United States of America (US GAAP) and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and notes required by US GAAP for complete financial statements. In the opinion of management, the unaudited condensed consolidated financial statements reflect all adjustments considered necessary for a fair statement of the Company's financial position at June 30, 2014, and the results of operations and cash flows for the periods presented. All significant intercompany transactions have been eliminated in consolidation. Operating results for interim periods are not necessarily indicative of the results that may be expected for the full year. The information included in this Form 10-Q/A should be read in conjunction with the consolidated financial statements and notes thereto included in the Company's Annual Report on Form 10-K for the year ended December 31, 2013, filed with the Securities and Exchange Commission on March 20, 2014.
	The preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, and disclosures of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ materially from those estimates.

Recent_Accounting_Pronouncemen

Recent Accounting Pronouncements	6 Months Ended
	Jun. 30, 2014
Recent Accounting Pronouncements
Recent Accounting Pronouncements	Note 2—Recent Accounting Pronouncements
	In July 2013, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2013-11, "Income Taxes (Topic 740): Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists". This ASU provides guidance regarding when an unrecognized tax benefit should be classified as a reduction to a deferred tax asset or when it should be classified as a liability. This ASU is effective prospectively for fiscal years, and interim periods within those years, beginning after December 15, 2013. The Company fully adopted this ASU in the first quarter of 2014. As of June 30, 2014, the Company has presented $4,856 of unrecognized tax benefits as a reduction to deferred tax assets on the condensed consolidated balance sheet.
	In May 2014, the FASB issued ASU 2014-09, "Revenue from Contracts with Customers (Topic 606)". This ASU outlines a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and supersedes most current revenue recognition guidance, including industry- specific guidance. For public entities, this ASU is effective for fiscal years, and interim periods within those years, beginning after December 15, 2016. Early adoption is not permitted. Entities have the option of applying either a full retrospective approach or a modified approach to adopt the guidance in the ASU. The Company is evaluating the potential impact of adoption of this ASU on its consolidated financial statements.

Cash_Cash_Equivalents_and_Inve

Cash, Cash Equivalents and Investments	6 Months Ended
	Jun. 30, 2014
Cash, Cash Equivalents and Investments
Cash, Cash Equivalents and Investments	Note 3—Cash, Cash Equivalents and Investments
	Cash, cash equivalents and investments, classified as available-for- sale, consist of the following:
		As of		As of
		June 30,		December 31,
		2014		2013
	Cash and cash equivalents:
	Cash	$	22,955	$	26,374
	Money market accounts		41,543		39,651
	Total cash and cash equivalents	$	64,498	$	66,025
	Short-term investments:
	U.S. government and agency securities	$	5,003	$	5,004
	Total short-term investments	$	5,003	$	5,004
	The Company had no material gross realized or unrealized holding gains or losses from its investments for the periods presented within this quarterly report. The contractual maturities of investments as of June 30, 2014 were all due within one year.

Fair_Value_Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 2014
Fair Value Measurements
Fair Value Measurements	Note 4—Fair Value Measurements
	The Company's investments are required to be measured and recorded at fair value on a recurring basis. The Company's contingent consideration related to its acquisition of assets from Phorus, Inc. and Phorus, LLC (collectively "Phorus") is also measured and recorded at fair value on a recurring basis until it can be determined whether or not any future payments will be made. Increases or decreases in the fair value of contingent consideration can result from accretion of the liability due to the passage of time, changes in the timing and amount of revenue estimates, changes in discount rates, or payments.
	The Company obtained the fair value of its available-for-sale securities, which are not in active markets, from a third-party professional pricing service using quoted market prices for identical or comparable instruments, rather than direct observations of quoted prices in active markets. The Company's professional pricing service gathers observable inputs for all of its fixed income securities from a variety of industry data providers (e.g., large custodial institutions) and other third-party sources. Once the observable inputs are gathered, all data points are considered and the fair value is determined. The Company validates the quoted market prices provided by its primary pricing service by comparing their assessment of the fair values against the fair values provided by its investment managers. The Company's investment managers use similar techniques to its professional pricing service to derive pricing as described above. As all significant inputs were observable, derived from observable information in the marketplace or supported by observable levels at which transactions are executed in the marketplace, the Company has classified its available-for-sale securities within Level 2 of the fair value hierarchy.
	The Company classifies the fair value of the contingent consideration liability within Level 3 of the fair value hierarchy, as the fair value is based upon unobservable inputs supported by little or no market activity. As of June 30, 2014, the Company measured the fair value of contingent consideration using an income approach, based on an analysis of projected cash flows using a discount rate of 17%. The Company estimated the fair value of the contingent consideration to be $1,100 as of June 30, 2014, and accordingly recognized $100 within operating expenses in the condensed consolidated statements of operations for the three and six months ended June 30, 2014. Considerable judgment is required in the assumptions used in fair value measurements. Accordingly, use of different assumptions, such as significant increases or decreases in estimated revenues, cash flows or the discount rate, could result in materially different fair value estimates. For additional information, refer to Note 6 "Commitments and Contingencies".
	The Company's financial assets and liabilities, measured at fair value on a recurring basis, were as follows:
					Fair Value Measurements
	Assets (Liabilities)	Total			Quoted		Significant		Significant
					Prices in		Other		Unobservable
					Active		Observable		Inputs
					Markets for		Inputs		(Level 3)
					Identical		(Level 2)
					Assets
					(Level 1)
	As of June 30, 2014
	U.S. government and agency securities	$	5,003		$	—	$	5,003	$	—
	Contingent consideration(1)	$	(1,100	)	$	—	$	—	$	(1,100	)
	As of December 31, 2013
	U.S. government and agency securities	$	5,004		$	—	$	5,004	$	—
	Contingent consideration(2)	$	(1,000	)	$	—	$	—	$	(1,000	)
	-1
	As of June 30, 2014, $400 and $700 were classified in accrued expenses and other long-term liabilities, respectively, on the condensed consolidated balance sheet.
	-2
	As of December 31, 2013, $400 and $600 were classified in accrued expenses and other long-term liabilities, respectively, on the consolidated balance sheet.

Intangibles_Assets

Intangibles Assets	6 Months Ended
	Jun. 30, 2014
Intangibles
Intangibles Assets	Note 5—Intangible Assets
	The following table summarizes the Company's intangible assets:
				As of June 30, 2014							As of December 31, 2013
		Weighted
		Average
		Life
		(Years)		Gross		Accumulated			Net		Gross		Accumulated			Net
				Amount		Amortization			Carrying		Amount		Amortization			Carrying
									Amount							Amount
	Existing technology		6	$	17,133	$	(9,303	)	$	7,830	$	16,763	$	(8,193	)	$	8,570
	Customer relationships		8		45,590		(11,651	)		33,939		45,590		(8,792	)		36,798
	Non-compete		2		384		(384	)		—		384		(350	)		34
	Tradename		5		3,000		(1,283	)		1,717		3,000		(1,002	)		1,998
	Patents		5		3,207		(1,088	)		2,119		3,036		(953	)		2,083
	Trademarks		10		739		(330	)		409		669		(297	)		372
	Total amortizable intangible assets				70,053		(24,039	)		46,014		69,442		(19,587	)		49,855
	IPR&D				—		—			—		370		—			370
	Total intangible assets			$	70,053	$	(24,039	)	$	46,014	$	69,812	$	(19,587	)	$	50,225
	The following table summarizes amortization of intangible assets included in the Company's condensed consolidated statements of operations:
		For the Three				For the Six
		Months Ended				Months Ended
		June 30,				June 30,
		2014		2013		2014			2013
	Cost of revenue(1)	$	2,154	$	2,235	$	4,297		$	4,438
	Operating expenses		428		264		642			514
	Total amortization of intangible assets	$	2,582	$	2,499	$	4,939		$	4,952
	-1
	Includes amortization of $165 and $137 for the three months ended June 30, 2014 and 2013, respectively, associated with certain other assets included in the condensed consolidated balance sheets. Includes amortization of $329 and $226 for the six months ended June 30, 2014 and 2013, respectively, associated with such other assets.
	The Company expects the future amortization of intangible assets held at June 30, 2014 to be as follows:
	Years Ending December 31,	Estimated
		Amortization
		Expense
	2014 (remaining 6 months)	$	4,586
	2015		9,160
	2016		8,457
	2017		8,031
	2018		6,824
	2019 and thereafter		8,956
	Total	$	46,014

Commitments_and_Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2014
Commitments and Contingencies
Commitments and Contingencies	Note 6—Commitments and Contingencies
	In the normal course of business, the Company makes certain indemnities, commitments and guarantees under which the Company may be required to make payments in relation to certain transactions. These indemnities, commitments and guarantees include, among others, intellectual property indemnities to customers in connection with the sale of products and licensing of technologies, indemnities for liabilities associated with the infringement of other parties' technology based upon the Company's products and technologies, guarantees of timely performance of the Company's obligations, and indemnities to the Company's directors and officers to the maximum extent permitted by law. The duration of these indemnities, commitments and guarantees varies, and in certain cases, is indefinite. The majority of these indemnities, commitments and guarantees do not provide for any limitation of the maximum potential future payments that the Company could be obligated to make. The Company has not recorded a liability for these indemnities, commitments or guarantees in the accompanying condensed consolidated balance sheets, as future payment is currently not probable.
	Under certain existing contractual rights arrangements, the Company may be obligated to pay up to approximately $7,500 over an estimated period of three years if certain milestones are achieved.
	In connection with the acquisition of Phorus, contingent consideration of up to $500 could be due and payable at the end of 2014, and up to $1,000 could be due and payable at the end of 2015.
	In the first quarter of 2014, the Company implemented certain staffing changes to allow the Company to facilitate further investments in growth markets. In connection with these changes, the Company recorded severance and related costs of $1,118, all of which were paid as of June 30, 2014.

Income_Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2014
Income Taxes
Income Taxes	Note 7—Income Taxes
	The Company's provision (benefit) for income taxes was $(1,034) and $(12,483) for the three and six months ended June 30, 2014, respectively, and $38 and $2,362 for the three and six months ended June 30, 2013, respectively.
	For the three and six months ended June 30, 2014, the Company's effective tax rate was approximately (17)% and (141)%, respectively. The effective tax rate for the three months ended June 30, 2014 differed from the US statutory rate of 35% primarily due to a tax benefit of $3,326 associated with the effective settlement of a US federal tax audit for the years 2009 to 2011. The effective tax rate for the six months ended June 30, 2014 differed from the US statutory rate of 35% primarily due to a net tax benefit of $12,246 associated with a special one-time transfer of certain Japan and Taiwan intellectual property (IP) licensing rights to the US on January 1, 2014, and the tax benefit associated with the aforementioned US federal tax audit. The IP transfer resulted in the ability to utilize certain foreign taxes paid as credits in the US, as well as the Company's ability to amortize its basis in the IP over 15 years for tax purposes.
	As of June 30, 2014 and December 31, 2013, the Company's uncertain tax positions were $10,894 and $9,701, respectively, of which $6,038 and $1,713, respectively, were recorded in other long-term liabilities. The remaining amounts were recorded as a reduction to non-current deferred tax assets. The net increase of $1,193 was primarily due to uncertain tax positions relating to the Company's foreign tax credits, transfer pricing with one of its foreign subsidiaries, state research and development tax credits, and the California income apportionment methodology. The current 2009 to 2011 US federal income tax audit with the Internal Revenue Service (IRS) had no impact on the Company's unrecognized tax benefits. The Company does not expect, or cannot quantify with any practicable certainty, any material increase or decrease to its unrecognized tax benefits within the next twelve months. To the extent that any of the Company's uncertain tax positions are not able to be resolved in a favorable manner, it may have a negative impact on the effective tax rate. Additionally, any settlement may impact the Company's effective tax rate. The Company believes its accruals for uncertain tax positions are adequate for all open years, based on the assessment of many factors including past experience and interpretations of tax law applied to the facts of each matter. Inherent uncertainties exist in estimating accruals for uncertain tax positions due to the progress of income tax audits and changes in tax law, both legislated and concluded through the various jurisdictions' tax court systems.
	The Company may, from time to time, be assessed interest or penalties by major tax jurisdictions, although any such assessments historically have been minimal and immaterial to the Company's financial statements. Interest expense and penalties related to income taxes are included in income tax expense.
	The Company, or one of its subsidiaries, files income tax returns in the US and other foreign jurisdictions. With few exceptions, the Company is no longer subject to US federal income tax examinations by tax authorities for years prior to 2009. The IRS is examining the Company's 2009 to 2011 federal income tax returns, including certain prior period carryforwards. In addition, the California Franchise Tax Board (FTB) is conducting a state tax examination for the years 2009 and 2010. Significant judgment is required in determining the consolidated provision (benefit) for income taxes as the Company considers its worldwide taxable earnings and the impact of the audit process conducted by various tax authorities. The final outcome of tax audits by any foreign jurisdictions, the IRS, the FTB, and various state governments could differ materially from that which is reflected in the condensed consolidated financial statements.
	Licensing revenue is recognized gross of withholding taxes that are remitted by the Company's licensees directly to their local tax authorities. For the three months ended June 30, 2014 and 2013, withholding taxes were $562 and $1,139, respectively. For the six months ended June 30, 2014 and 2013, withholding taxes were $2,095 and $2,389, respectively.

StockBased_Compensation

Stock-Based Compensation	6 Months Ended
	Jun. 30, 2014
Stock-Based Compensation
Stock-Based Compensation	Note 8—Stock-Based Compensation
	On March 13, 2014, the Compensation Committee of the Company's Board of Directors granted 134 performance-based restricted stock units (PSUs) to certain employees under the DTS, Inc. 2012 Equity Incentive Plan. The PSUs will vest in two equal installments upon achievement of certain internal performance goals, with one-half vesting on February 15, 2016 and the remaining vesting on February 15, 2017, in each case assuming the specified performance goals are achieved and so long as the employee has met the service conditions. Achievement of the performance goals will be measured as of December 31, 2015. Each PSU represents the contingent right to receive between zero and two shares of the Company's common stock upon vesting, subject to the level of achievement of the specified performance goals. Any portion of the PSUs that do not vest due to performance below the minimum required level for vesting will be forfeited.
	The PSUs had a grant-date fair value of $20.37, which is equal to the market value of the Company's common stock on the date of grant. The related compensation expense is calculated using the number of shares of common stock expected to vest based on the probable level of achievement of the performance goals. Compensation expense is recognized over the requisite service period, and will be adjusted in subsequent reporting periods if the Company's assessment of the probable level of achievement of the performance goals changes. For the three and six months ended June 30, 2014, compensation expense for PSUs was $395 and $429, respectively. Considerable judgment is required in the assessment of the probable level of achievement of the performance goals. Accordingly, use of different assumptions or estimates could result in materially different compensation expense.

Net_Income_Loss_Per_Common_Sha

Net Income (Loss) Per Common Share	6 Months Ended
	Jun. 30, 2014
Net Income (Loss) Per Common Share
Net Income (Loss) Per Common Share	Note 9—Net Income (Loss) Per Common Share
	Basic net income (loss) per common share is calculated by dividing net income (loss) by the weighted average number of common shares outstanding during the period. Diluted net income per common share is calculated by dividing net income by the sum of the weighted average number of common shares outstanding plus the dilutive effect of any unvested restricted stock, outstanding stock options, any unvested PSUs for which the performance conditions have been satisfied at the reporting date, and the Company's employee stock purchase plan (ESPP) using the treasury stock method. Due to the net loss for the three and six months ended June 30, 2013, all potential common shares were excluded from the diluted shares outstanding for these periods.
	The computation of basic and diluted net income (loss) per common share is as follows:
		For the Three					For the Six Months
		Months Ended					Ended June 30,
		June 30,
		2014		2013			2014		2013
	Numerator:
	Net income (loss)	$	7,015	$	(2,027	)	$	21,326	$	(3,559	)
	Denominator:
	Weighted average shares outstanding		17,038		18,306			17,161		18,263
	Effect of dilutive securities:
	Common stock options		100		—			142		—
	Restricted stock		38		—			57		—
	ESPP		14		—			19		—
	Weighted average diluted shares outstanding		17,190		18,306			17,379		18,263
	Basic net income (loss) per common share	$	0.41	$	(0.11	)	$	1.24	$	(0.19	)
	Diluted net income (loss) per common share	$	0.41	$	(0.11	)	$	1.23	$	(0.19	)
	Anti-dilutive shares excluded from the determination of diluted net income (loss) per share		3,429		3,776			3,020		3,653

Common_Stock_Repurchases

Common Stock Repurchases	6 Months Ended
	Jun. 30, 2014
Common Stock Repurchases
Common Stock Repurchases	Note 10—Common Stock Repurchases
	In February 2014, the Company's Board of Directors authorized, subject to certain business and market conditions, the purchase of up to 2,000 shares of the Company's common stock in the open market or in privately negotiated transactions. As of June 30, 2014, the Company had repurchased 374 shares of common stock under this authorization for an aggregate of $7,495. All shares repurchased under this authorization were accounted for as treasury stock.

Restatement

Restatement	6 Months Ended
	Jun. 30, 2014
Restatement
Restatement	Note 11—Restatement
	Subsequent to the filing of the condensed consolidated financial statements for the period ended June 30, 2014, the Company determined that it had incorrectly accounted for certain foreign tax credits relating to the special one-time transfer of certain Japan and Taiwan intellectual property licensing rights to the US on January 1, 2014. As a result, the unaudited interim condensed consolidated financial statements as of and for the six months ended June 30, 2014 have been restated from amounts previously reported, to correct this error in income taxes. The following tables reflect the effects of the restatement:
	Condensed Consolidated Balance Sheet
		As of June 30, 2014
		As Previously			Restatement			Restated
		Reported			Adjustments
	Deferred income taxes	$	9,051		$	14,839		$	23,890
	Income taxes receivable		7,322			(3,747	)		3,575
	Total current assets		111,152			11,092			122,244
	Deferred income taxes		13,432			(1,480	)		11,952
	Total assets	$	251,640		$	9,612		$	261,252
	Other long-term liabilities	$	7,014		$	876		$	7,890
	Retained earnings		54,670			8,736			63,406
	Total stockholders' equity		194,180			8,736			202,916
	Total liabilities and stockholders' equity	$	251,640		$	9,612		$	261,252
	Condensed Consolidated Statement of Operations
		For the Six Months Ended June 30, 2014
		As Previously			Restatement			Restated
		Reported			Adjustments
	Income before income taxes	$	8,843		$	—		$	8,843
	Provision (benefit) for income taxes		(3,747	)		(8,736	)		(12,483	)
	Net income	$	12,590		$	8,736		$	21,326
	Net income per common share:
	Basic	$	0.73		$	0.51		$	1.24
	Diluted	$	0.72		$	0.51		$	1.23
	Condensed Consolidated Statement of Comprehensive Income
		For the Six Months Ended June 30, 2014
		As Previously			Restatement			Restated
		Reported			Adjustments
	Net income	$	12,590		$	8,736		$	21,326
	Total comprehensive income	$	12,634		$	8,736		$	21,370
	Condensed Consolidated Statement of Cash Flows
		For the Six Months Ended June 30, 2014
		As Previously			Restatement			Restated
		Reported			Adjustments
	Cash flows from operating activities:
	Net income	$	12,590		$	8,736		$	21,326
	Deferred income taxes		(7,291	)		(10,666	)		(17,957	)
	Adjustments to reconcile net income to net cash provided by operating activities:
	Accounts payable, accrued expenses and other liabilities		(2,706	)		876			(1,830	)
	Income taxes receivable		897			1,054			1,951
	Net cash provided by operating activities	$	5,588		$	—		$	5,588

Cash_Cash_Equivalents_and_Inve1

Cash, Cash Equivalents and Investments (Tables)	6 Months Ended
	Jun. 30, 2014
Cash, Cash Equivalents and Investments
Schedule of cash, cash equivalents and investments
		As of		As of
		June 30,		December 31,
		2014		2013
	Cash and cash equivalents:
	Cash	$	22,955	$	26,374
	Money market accounts		41,543		39,651
	Total cash and cash equivalents	$	64,498	$	66,025
	Short-term investments:
	U.S. government and agency securities	$	5,003	$	5,004
	Total short-term investments	$	5,003	$	5,004

Fair_Value_Measurements_Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2014
Fair Value Measurements
Schedule of financial assets and liabilities, measured at fair value on a recurring basis
					Fair Value Measurements
	Assets (Liabilities)	Total			Quoted		Significant		Significant
					Prices in		Other		Unobservable
					Active		Observable		Inputs
					Markets for		Inputs		(Level 3)
					Identical		(Level 2)
					Assets
					(Level 1)
	As of June 30, 2014
	U.S. government and agency securities	$	5,003		$	—	$	5,003	$	—
	Contingent consideration(1)	$	(1,100	)	$	—	$	—	$	(1,100	)
	As of December 31, 2013
	U.S. government and agency securities	$	5,004		$	—	$	5,004	$	—
	Contingent consideration(2)	$	(1,000	)	$	—	$	—	$	(1,000	)
	-1
	As of June 30, 2014, $400 and $700 were classified in accrued expenses and other long-term liabilities, respectively, on the condensed consolidated balance sheet.
	-2
	As of December 31, 2013, $400 and $600 were classified in accrued expenses and other long-term liabilities, respectively, on the consolidated balance sheet.

Intangibles_Assets_Tables

Intangibles Assets (Tables)	6 Months Ended
	Jun. 30, 2014
Intangibles
Summary of the Company's intangible assets
				As of June 30, 2014							As of December 31, 2013
		Weighted
		Average
		Life
		(Years)		Gross		Accumulated			Net		Gross		Accumulated			Net
				Amount		Amortization			Carrying		Amount		Amortization			Carrying
									Amount							Amount
	Existing technology		6	$	17,133	$	(9,303	)	$	7,830	$	16,763	$	(8,193	)	$	8,570
	Customer relationships		8		45,590		(11,651	)		33,939		45,590		(8,792	)		36,798
	Non-compete		2		384		(384	)		—		384		(350	)		34
	Tradename		5		3,000		(1,283	)		1,717		3,000		(1,002	)		1,998
	Patents		5		3,207		(1,088	)		2,119		3,036		(953	)		2,083
	Trademarks		10		739		(330	)		409		669		(297	)		372
	Total amortizable intangible assets				70,053		(24,039	)		46,014		69,442		(19,587	)		49,855
	IPR&D				—		—			—		370		—			370
	Total intangible assets			$	70,053	$	(24,039	)	$	46,014	$	69,812	$	(19,587	)	$	50,225
Summary of amortization of intangible assets
		For the Three				For the Six
		Months Ended				Months Ended
		June 30,				June 30,
		2014		2013		2014			2013
	Cost of revenue(1)	$	2,154	$	2,235	$	4,297		$	4,438
	Operating expenses		428		264		642			514
	Total amortization of intangible assets	$	2,582	$	2,499	$	4,939		$	4,952
	-1
	Includes amortization of $165 and $137 for the three months ended June 30, 2014 and 2013, respectively, associated with certain other assets included in the condensed consolidated balance sheets. Includes amortization of $329 and $226 for the six months ended June 30, 2014 and 2013, respectively, associated with such other assets.
Schedule of expected future amortization of intangible assets	The Company expects the future amortization of intangible assets held at June 30, 2014 to be as follows:
	Years Ending December 31,	Estimated
		Amortization
		Expense
	2014 (remaining 6 months)	$	4,586
	2015		9,160
	2016		8,457
	2017		8,031
	2018		6,824
	2019 and thereafter		8,956
	Total	$	46,014

Net_Income_Loss_Per_Common_Sha1

Net Income (Loss) Per Common Share (Tables)	6 Months Ended
	Jun. 30, 2014
Net Income (Loss) Per Common Share
Computation of basic and diluted net income (loss) per common share
		For the Three					For the Six Months
		Months Ended					Ended June 30,
		June 30,
		2014		2013			2014		2013
	Numerator:
	Net income (loss)	$	7,015	$	(2,027	)	$	21,326	$	(3,559	)
	Denominator:
	Weighted average shares outstanding		17,038		18,306			17,161		18,263
	Effect of dilutive securities:
	Common stock options		100		—			142		—
	Restricted stock		38		—			57		—
	ESPP		14		—			19		—
	Weighted average diluted shares outstanding		17,190		18,306			17,379		18,263
	Basic net income (loss) per common share	$	0.41	$	(0.11	)	$	1.24	$	(0.19	)
	Diluted net income (loss) per common share	$	0.41	$	(0.11	)	$	1.23	$	(0.19	)
	Anti-dilutive shares excluded from the determination of diluted net income (loss) per share		3,429		3,776			3,020		3,653

Restatement_Tables

Restatement (Tables)	6 Months Ended
	Jun. 30, 2014
Restatement
Schedule of restated amounts in condensed consolidated financial statements	Condensed Consolidated Balance Sheet
		As of June 30, 2014
		As Previously			Restatement			Restated
		Reported			Adjustments
	Deferred income taxes	$	9,051		$	14,839		$	23,890
	Income taxes receivable		7,322			(3,747	)		3,575
	Total current assets		111,152			11,092			122,244
	Deferred income taxes		13,432			(1,480	)		11,952
	Total assets	$	251,640		$	9,612		$	261,252
	Other long-term liabilities	$	7,014		$	876		$	7,890
	Retained earnings		54,670			8,736			63,406
	Total stockholders' equity		194,180			8,736			202,916
	Total liabilities and stockholders' equity	$	251,640		$	9,612		$	261,252
	Condensed Consolidated Statement of Operations
		For the Six Months Ended June 30, 2014
		As Previously			Restatement			Restated
		Reported			Adjustments
	Income before income taxes	$	8,843		$	—		$	8,843
	Provision (benefit) for income taxes		(3,747	)		(8,736	)		(12,483	)
	Net income	$	12,590		$	8,736		$	21,326
	Net income per common share:
	Basic	$	0.73		$	0.51		$	1.24
	Diluted	$	0.72		$	0.51		$	1.23
	Condensed Consolidated Statement of Comprehensive Income
		For the Six Months Ended June 30, 2014
		As Previously			Restatement			Restated
		Reported			Adjustments
	Net income	$	12,590		$	8,736		$	21,326
	Total comprehensive income	$	12,634		$	8,736		$	21,370
	Condensed Consolidated Statement of Cash Flows
		For the Six Months Ended June 30, 2014
		As Previously			Restatement			Restated
		Reported			Adjustments
	Cash flows from operating activities:
	Net income	$	12,590		$	8,736		$	21,326
	Deferred income taxes		(7,291	)		(10,666	)		(17,957	)
	Adjustments to reconcile net income to net cash provided by operating activities:
	Accounts payable, accrued expenses and other liabilities		(2,706	)		876			(1,830	)
	Income taxes receivable		897			1,054			1,951
	Net cash provided by operating activities	$	5,588		$	—		$	5,588

Recent_Accounting_Pronouncemen1

Recent Accounting Pronouncements (Details) (Accounting Standards Update ("ASU") 2013-11, Effect of adoption of Accounting Standards Update ("ASU") 2013-11, USD $)	6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014
Accounting Standards Update ("ASU") 2013-11 | Effect of adoption of Accounting Standards Update ("ASU") 2013-11
Recent Accounting Pronouncements
Change in unrecognized tax benefits as a reduction to federal and state deferred tax assets	$4,856

Cash_Cash_Equivalents_and_Inve2

Cash, Cash Equivalents and Investments (Details) (USD $)	Jun. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Cash, cash equivalents and investments
Cash equivalents	$64,498	$66,025
Total short-term investments	5,003	5,004
Cash
Cash, cash equivalents and investments
Cash	22,955	26,374
Money market accounts
Cash, cash equivalents and investments
Cash	41,543	39,651
Available-for-sale securities: | U.S. government and agency securities
Cash, cash equivalents and investments
Total short-term investments	$5,003	$5,004

Fair_Value_Measurements_Detail

Fair Value Measurements (Details) (USD $)	3 Months Ended	6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2014	Dec. 31, 2013
Fair Value Measurements
Loss recognized on change in fair value of contingent consideration	$100	$100
Amount of contingent consideration classified in accrued expenses	400	400	400
Amount of contingent consideration classified in other long-term liabilities	700	700	600
Phorus
Fair Value Measurements
Discount rate (as a percent)		17.00%
Recurring basis | Total
Fair Value Measurements
Contingent consideration	-1,100	-1,100	-1,000
Recurring basis | Total | U.S. government and agency securities
Fair Value Measurements
Available-for-sale securities	5,003	5,003	5,004
Recurring basis | Significant Other Observable Inputs (Level 2) | U.S. government and agency securities
Fair Value Measurements
Available-for-sale securities	5,003	5,003	5,004
Recurring basis | Significant Unobservable Inputs (Level 3)
Fair Value Measurements
Contingent consideration	($1,100)	($1,100)	($1,000)

Intangibles_Assets_Details

Intangibles Assets (Details) (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2013
Summary of acquired intangible and other intangible assets by category
Gross Amount	$70,053		$70,053		$69,442
Accumulated Amortization	-24,039		-24,039		-19,587
Net Carrying Amount	46,014		46,014		49,855
IPR&D-Gross and Net					370
Gross amount of total intangible assets	70,053		70,053		69,812
Intangible assets, net	46,014		46,014		50,225
Total amortization of intangible assets	2,582	2,499	4,939	4,952
Future amortization of intangible assets
2014 (remaining 6 months)	4,586		4,586
2015	9,160		9,160
2016	8,457		8,457
2017	8,031		8,031
2018	6,824		6,824
2019 and thereafter	8,956		8,956
Net Carrying Amount	46,014		46,014		49,855
Existing technology
Summary of acquired intangible and other intangible assets by category
Weighted Average Life			6 years
Gross Amount	17,133		17,133		16,763
Accumulated Amortization	-9,303		-9,303		-8,193
Net Carrying Amount	7,830		7,830		8,570
Future amortization of intangible assets
Net Carrying Amount	7,830		7,830		8,570
Customer relationships
Summary of acquired intangible and other intangible assets by category
Weighted Average Life			8 years
Gross Amount	45,590		45,590		45,590
Accumulated Amortization	-11,651		-11,651		-8,792
Net Carrying Amount	33,939		33,939		36,798
Future amortization of intangible assets
Net Carrying Amount	33,939		33,939		36,798
Non-compete
Summary of acquired intangible and other intangible assets by category
Weighted Average Life			2 years
Gross Amount	384		384		384
Accumulated Amortization	-384		-384		-350
Net Carrying Amount					34
Future amortization of intangible assets
Net Carrying Amount					34
Tradename
Summary of acquired intangible and other intangible assets by category
Weighted Average Life			5 years
Gross Amount	3,000		3,000		3,000
Accumulated Amortization	-1,283		-1,283		-1,002
Net Carrying Amount	1,717		1,717		1,998
Future amortization of intangible assets
Net Carrying Amount	1,717		1,717		1,998
Patents
Summary of acquired intangible and other intangible assets by category
Weighted Average Life			5 years
Gross Amount	3,207		3,207		3,036
Accumulated Amortization	-1,088		-1,088		-953
Net Carrying Amount	2,119		2,119		2,083
Future amortization of intangible assets
Net Carrying Amount	2,119		2,119		2,083
Trademarks
Summary of acquired intangible and other intangible assets by category
Weighted Average Life			10 years
Gross Amount	739		739		669
Accumulated Amortization	-330		-330		-297
Net Carrying Amount	409		409		372
Future amortization of intangible assets
Net Carrying Amount	409		409		372
Cost of revenue
Summary of acquired intangible and other intangible assets by category
Total amortization of intangible assets	2,154	2,235	4,297	4,438
Amortization associated with other assets	165	137	329	226
Operating expenses
Summary of acquired intangible and other intangible assets by category
Total amortization of intangible assets	$428	$264	$642	$514

Commitments_and_Contingencies_

Commitments and Contingencies (Details) (USD $)	6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Oct. 31, 2013
Commitments and Contingencies
Period for the payment of additional consideration subject to the achievement of certain milestones	3 years
Maximum
Commitments and Contingencies
Additional consideration payable subject to the achievement of certain milestones	7,500
Employee Severance
Commitments and Contingencies
Severance and related costs paid	1,118
Phorus | Maximum
Commitments and Contingencies
Contingent consideration due and payable at the end of 2014		500
Contingent consideration due and payable at the end of 2015		$1,000

Income_Taxes_Details

Income Taxes (Details) (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2013
Provision (benefit) for income taxes	($1,034)	$38	($12,483)	$2,362
Effective tax rate (as a percent)	-17.00%		-141.00%
Statutory federal rate (as a percent)	35.00%		35.00%
Tax benefit associated with favorable outcome of a US federal tax audit that the Company considers effectively settled			3,326
Net tax benefit associated with a special one-time transfer of certain Japan and Taiwan intellectual property licensing rights			12,246
Amortized period of intellectual property, tax basis			15 years
Net increase in uncertain tax positions			1,193
Uncertain tax positions	10,894		10,894		9,701
Withholding taxes	562	1,139	2,095	2,389
Other long-term liabilities
Uncertain tax positions	$6,038		$6,038		$1,713

StockBased_Compensation_Detail

Stock-Based Compensation (Details) (PSUs, USD $)	3 Months Ended	6 Months Ended	0 Months Ended
In Thousands, except Share data, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2014	Mar. 13, 2014
Stock-Based Compensation
Compensation expense	$395	$429
2012 Equity Incentive Plan
Stock-Based Compensation
Number of units granted (in shares)			134,000
Number of installments in which PSUs will vest		2
Grant-date fair value (in dollars per share)			$20.37
2012 Equity Incentive Plan | Minimum
Stock-Based Compensation
Number of shares of the Company's common stock upon vesting that each PSU represents the contingent right to receive		0
2012 Equity Incentive Plan | Maximum
Stock-Based Compensation
Number of shares of the Company's common stock upon vesting that each PSU represents the contingent right to receive		2
2012 Equity Incentive Plan | PSUs that will vest on February 15, 2016
Stock-Based Compensation
Vesting percentage		50.00%

Net_Income_Loss_Per_Common_Sha2

Net Income (Loss) Per Common Share (Details) (USD $)	3 Months Ended		6 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Numerator:
Net income (loss)	$7,015	($2,027)	$21,326	($3,559)
Denominator:
Weighted average shares outstanding	17,038	18,306	17,161	18,263
Weighted average diluted shares outstanding	17,190	18,306	17,379	18,263
Basic net income (loss) per common share (in dollars per share)	$0.41	($0.11)	$1.24	($0.19)
Diluted net income (loss) per common share (in dollars per share)	$0.41	($0.11)	$1.23	($0.19)
Anti-dilutive shares excluded from the determination of diluted net income (loss) per share	3,429	3,776	3,020	3,653
Common Stock Options
Denominator:
Effect on weighted average common shares outstanding from dilutive securities	100		142
Restricted stock
Denominator:
Effect on weighted average common shares outstanding from dilutive securities	38		57
ESPP
Denominator:
Effect on weighted average common shares outstanding from dilutive securities	14		19

Common_Stock_Repurchases_Detai

Common Stock Repurchases (Details) (USD $)	6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Feb. 28, 2014
Common stock repurchase
Shares of common stock repurchased	374
Aggregate value of shares repurchased	$7,495
Common Stock | Maximum
Common stock repurchase
Number of shares of common stock authorized to be repurchased		2,000

Restatement_Details

Restatement (Details) (USD $)	Jun. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
CONDENSED CONSOLIDATED BALANCE SHEETS
Deferred income taxes	$23,890	$5,787
Income taxes receivable	3,575	2,826
Total current assets	122,244	96,759
Deferred income taxes	11,952	11,667
Total assets	261,252	241,798
Other long-term liabilities	7,890	3,480
Retained earnings	63,406	42,080
Total stockholders' equity	202,916	183,112
Total liabilities and stockholders' equity	261,252	241,798
As Previously Reported
CONDENSED CONSOLIDATED BALANCE SHEETS
Deferred income taxes	9,051
Income taxes receivable	7,322
Total current assets	111,152
Deferred income taxes	13,432
Total assets	251,640
Other long-term liabilities	7,014
Retained earnings	54,670
Total stockholders' equity	194,180
Total liabilities and stockholders' equity	251,640
Restatement Adjustment
CONDENSED CONSOLIDATED BALANCE SHEETS
Deferred income taxes	14,839
Income taxes receivable	-3,747
Total current assets	11,092
Deferred income taxes	-1,480
Total assets	9,612
Other long-term liabilities	876
Retained earnings	8,736
Total stockholders' equity	8,736
Total liabilities and stockholders' equity	$9,612

Restatement_Details2

Restatement (Details2) (USD $)	3 Months Ended		6 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
Income (loss) before income taxes	$5,981	($1,989)	$8,843	($1,197)
Provision (benefit) for income taxes	-1,034	38	-12,483	2,362
Net income (loss)	7,015	-2,027	21,326	-3,559
Net income (loss) per common share:
Basic (in dollars per share)	$0.41	($0.11)	$1.24	($0.19)
Diluted (in dollars per share)	$0.41	($0.11)	$1.23	($0.19)
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
Net income (loss)	7,015	-2,027	21,326	-3,559
Total comprehensive income	7,017	-1,988	21,370	-3,493
Cash flows from operating activities:
Net income (loss)	7,015	-2,027	21,326	-3,559
Deferred income taxes			-17,957	-1,305
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Accounts payable, accrued expenses and other liabilities			-1,830	-4,629
Income taxes receivable			1,951	760
Net cash provided by operating activities			5,588	3,645
As Previously Reported
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
Income (loss) before income taxes			8,843
Provision (benefit) for income taxes			-3,747
Net income (loss)			12,590
Net income (loss) per common share:
Basic (in dollars per share)			$0.73
Diluted (in dollars per share)			$0.72
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
Net income (loss)			12,590
Total comprehensive income			12,634
Cash flows from operating activities:
Net income (loss)			12,590
Deferred income taxes			-7,291
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Accounts payable, accrued expenses and other liabilities			-2,706
Income taxes receivable			897
Net cash provided by operating activities			5,588
Restatement Adjustment
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
Provision (benefit) for income taxes			-8,736
Net income (loss)			8,736
Net income (loss) per common share:
Basic (in dollars per share)			$0.51
Diluted (in dollars per share)			$0.51
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
Net income (loss)			8,736
Total comprehensive income			8,736
Cash flows from operating activities:
Net income (loss)			8,736
Deferred income taxes			-10,666
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Accounts payable, accrued expenses and other liabilities			876
Income taxes receivable			$1,054