Document_And_Entity_Informatio
Document And Entity Information (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Feb. 28, 2014 | Jun. 30, 2013 | |
Document And Entity Information [Abstract] | ' | ' | ' |
Document Type | '10-K | ' | ' |
Amendment Flag | 'false | ' | ' |
Document Period End Date | 31-Dec-13 | ' | ' |
Document Fiscal Period Focus | 'FY | ' | ' |
Document Fiscal Year Focus | '2013 | ' | ' |
Entity Registrant Name | 'PLX TECHNOLOGY INC | ' | ' |
Entity Central Index Key | '0000850579 | ' | ' |
Current Fiscal Year End Date | '--12-31 | ' | ' |
Entity Filer Category | 'Accelerated Filer | ' | ' |
Entity Current Reporting Status | 'Yes | ' | ' |
Entity Voluntary Filers | 'No | ' | ' |
Entity Well-known Seasoned Issuer | 'No | ' | ' |
Entity Public Float | ' | ' | $204,608,867 |
Entity Common Stock, Shares Outstanding | ' | 45,858,525 | ' |
Consolidated_Balance_Sheets
Consolidated Balance Sheets (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
ASSETS | ' | ' |
Cash and cash equivalents | $11,021 | $14,673 |
Short-term investments | 8,295 | 1,787 |
Accounts receivable, less allowances of $1,756 and $2,100 | 12,835 | 10,635 |
Inventories | 10,289 | 10,560 |
Other current assets | 2,117 | 2,894 |
Total current assets | 44,557 | 40,549 |
Goodwill | 20,461 | 20,461 |
Property and equipment, net | 10,333 | 11,267 |
Long-term investments | 1,108 | 251 |
Other assets | 701 | 451 |
Total assets | 77,160 | 72,979 |
LIABILITIES AND STOCKHOLDERS' EQUITY | ' | ' |
Accounts payable | 6,511 | 10,738 |
Accrued compensation and benefits | 4,050 | 4,493 |
Accrued commissions | 480 | 817 |
Other accrued expenses | 3,213 | 2,259 |
Short term borrowings against line of credit | ' | 8,000 |
Total current liabilities | 14,254 | 26,307 |
Long term borrowings against line of credit | 5,000 | ' |
Total liabilities | 19,254 | 26,307 |
Commitments and contingencies (Notes 10 and 13) | ' | ' |
Stockholders' equity: | ' | ' |
Preferred stock, $0.001 par value per share: Authorized -- 5,000,000 shares: none issued and outstanding | ' | ' |
Common stock, $0.001 par value per share: Authorized -- 200,000,000 shares: issued and outstanding - 45,791,169 and 45,094,668 | 46 | 45 |
Additional paid-in capital | 193,391 | 189,444 |
Accumulated other comprehensive loss | -277 | -226 |
Accumulated deficit | -135,254 | -142,591 |
Total stockholders' equity | 57,906 | 46,672 |
Total liabilities and stockholders' equity | $77,160 | $72,979 |
Consolidated_Balance_Sheets_Pa
Consolidated Balance Sheets (Parenthetical) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, except Share data, unless otherwise specified | ||
Consolidated Balance Sheets [Abstract] | ' | ' |
Accounts receivable allowances | $1,756 | $2,100 |
Preferred stock, par value per share | $0.00 | $0.00 |
Preferred stock, authorized shares | 5,000,000 | 5,000,000 |
Preferred stock, issued | 0 | 0 |
Preferred stock, outstanding | 0 | 0 |
Commom stock, par value per share | $0.00 | $0.00 |
Common stock, authorized shares | 200,000,000 | 200,000,000 |
Common stock, issued | 45,791,169 | 45,094,668 |
Common stock, outstanding | 45,791,169 | 45,094,668 |
Consolidated_Statements_Of_Ope
Consolidated Statements Of Operations (USD $) | 12 Months Ended | |||||
In Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |||
Net revenues | $104,490 | $100,248 | $111,152 | |||
Cost of revenues | 45,359 | 41,462 | 46,600 | |||
Gross profit | 59,131 | 58,786 | 64,552 | |||
Operating expenses | ' | ' | ' | |||
Research and development | 24,876 | 27,532 | 28,218 | |||
Selling, general and administrative | 26,442 | 28,927 | 28,037 | |||
Net acquisition and restructuring related costs | 291 | 6,898 | -507 | |||
Amortization of purchased intangible assets | ' | 5,284 | 10,639 | |||
Total operating expenses | 51,609 | 63,602 | 58,549 | |||
Income (loss) from operations | 7,522 | -4,816 | 6,003 | |||
Interest income | 86 | 33 | 73 | |||
Interest expense | -247 | -203 | -165 | |||
Other income (expense), net | 4 | 21 | -56 | |||
Income (loss) from continuing operations before provision for income taxes | 7,365 | -4,965 | 5,855 | |||
Provision for income taxes | 229 | 236 | 2,751 | |||
Income (loss) from continuing operations, net of tax | 7,136 | -5,201 | 3,104 | |||
Income (loss) from discontinued operations, net of tax (1) | 201 | [1] | -27,388 | [1] | -27,927 | [1] |
Net income (loss) | 7,337 | -32,589 | -24,823 | |||
Basic net income (loss) per share: | ' | ' | ' | |||
Income (loss) from continuing operations | $0.16 | ($0.12) | $0.07 | |||
Loss from discontinued operations | ' | ($0.61) | ($0.63) | |||
Net loss | $0.16 | ($0.73) | ($0.56) | |||
Diluted net income (loss) per share: | ' | ' | ' | |||
Income (loss) from continuing operations | $0.15 | ($0.12) | $0.07 | |||
Loss from discontinued operations | ' | ($0.61) | ($0.62) | |||
Net loss | $0.15 | ($0.73) | ($0.55) | |||
Shares used to compute basic per share amounts | 45,603 | 44,882 | 44,559 | |||
Shares used to compute diluted per share amounts | 46,523 | 44,882 | 45,016 | |||
Continuing Operations [Member] | ' | ' | ' | |||
Operating expenses | ' | ' | ' | |||
Amortization of purchased intangible assets | ' | $245 | $2,801 | |||
[1] | Income (loss) from discontinued operations, net of tax (1 |
Consolidated_Statements_Of_Ope1
Consolidated Statements Of Operations (Parenthetical) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Consolidated Statements Of Operations [Abstract] | ' | ' |
Gain on disposal | $297 | $3,450 |
CONSOLIDATED_STATEMENTS_OF_COM
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Consolidated Statements Of Comprehensive Loss [Abstract] | ' | ' | ' |
Net income (loss) | $7,337 | ($32,589) | ($24,823) |
Unrealized gain (loss) on marketable securities, net | -2 | -8 | 15 |
Foreign currency translation adjustments | -49 | -71 | -14 |
Comprehensive net income (loss) | $7,286 | ($32,668) | ($24,822) |
Consolidated_Statements_Of_Sto
Consolidated Statements Of Stockholders' Equity (USD $) | Common Stock [Member] | Additional Paid-In Capital [Member] | Accumulated Other Comprehensive Income (Loss) [Member] | Accumulated Deficit [Member] | Total |
In Thousands, except Share data | |||||
Balance at Dec. 31, 2010 | $45 | $183,090 | ($148) | ($85,179) | $97,808 |
Balance, shares at Dec. 31, 2010 | 44,504,371 | ' | ' | ' | ' |
Share-based compensation expense | ' | 1,872 | ' | ' | 1,872 |
Issuance of stock under employee equity plans, value | ' | 361 | ' | ' | 361 |
Issuance of stock under employee equity plans, shares | 196,747 | ' | ' | ' | ' |
Change in unrealized loss on investments | ' | ' | 15 | ' | 15 |
Translation adjustments | ' | ' | -14 | ' | -14 |
Net income (loss) | ' | ' | ' | -24,823 | -24,823 |
Balance at Dec. 31, 2011 | 45 | 185,323 | -147 | -110,002 | 75,219 |
Balance, shares at Dec. 31, 2011 | 44,701,118 | ' | ' | ' | ' |
Share-based compensation expense | ' | 2,963 | ' | ' | 2,963 |
Issuance of stock under employee equity plans, value | ' | 1,158 | ' | ' | 1,158 |
Issuance of stock under employee equity plans, shares | 393,550 | ' | ' | ' | ' |
Change in unrealized loss on investments | ' | ' | -8 | ' | -8 |
Translation adjustments | ' | ' | -71 | ' | -71 |
Net income (loss) | ' | ' | ' | -32,589 | -32,589 |
Balance at Dec. 31, 2012 | 45 | 189,444 | -226 | -142,591 | 46,672 |
Balance, shares at Dec. 31, 2012 | 45,094,668 | ' | ' | ' | ' |
Share-based compensation expense | ' | 2,388 | ' | ' | 2,388 |
Issuance of stock under employee equity plans, value | 1 | 1,559 | ' | ' | 1,560 |
Issuance of stock under employee equity plans, shares | 696,501 | ' | ' | ' | ' |
Change in unrealized loss on investments | ' | ' | -2 | ' | -2 |
Translation adjustments | ' | ' | -49 | ' | -49 |
Net income (loss) | ' | ' | ' | 7,337 | 7,337 |
Balance at Dec. 31, 2013 | $46 | $193,391 | ($277) | ($135,254) | $57,906 |
Balance, shares at Dec. 31, 2013 | 45,791,169 | ' | ' | ' | ' |
Consolidated_Statements_Of_Cas
Consolidated Statements Of Cash Flows (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Cash flows from operating activities: | ' | ' | ' |
Net income (loss) | $7,337 | ($32,589) | ($24,823) |
Adjustments to reconcile net income (loss) to net cash flows from operating activities, | ' | ' | ' |
Depreciation and amortization | 2,086 | 2,993 | 3,510 |
Share-based compensation expense | 2,388 | 2,963 | 1,872 |
Amortization of purchased intangible assets | ' | 5,284 | 10,639 |
Impairment of assets | ' | 10,343 | ' |
Gain on sale of business | -297 | -3,450 | ' |
Write-downs of inventories | 672 | 1,035 | 1,649 |
Escrow claim settlement | ' | ' | -1,397 |
Other non-cash items | 41 | 91 | 257 |
Changes in operating assets and liabilities: | ' | ' | ' |
Accounts receivable | -2,200 | 434 | 2,481 |
Inventories | -401 | -3,952 | 2,773 |
Other current assets | -926 | 29 | 2,816 |
Other assets | -356 | 244 | -300 |
Accounts payable | -4,227 | 3,604 | -1,649 |
Accrued compensation and benefits | -443 | 907 | -1,612 |
Accrued commissions | -337 | 185 | 118 |
Other accrued expenses | 954 | -558 | 1,010 |
Net cash provided by (used in) operating activities | 4,291 | -12,437 | -2,656 |
Cash flows from investing activities: | ' | ' | ' |
Cash received in divestiture | 2,000 | 10,400 | 500 |
Purchases of marketable securities | -14,442 | -5,589 | -6,257 |
Maturities of marketable securities | 7,040 | 8,091 | 10,035 |
Sales of marketable securities | ' | 3,019 | 6,204 |
Purchase of property and equipment | -1,054 | -2,561 | -2,956 |
Net cash provided by investing activities | -6,456 | 13,360 | 7,526 |
Cash flows from financing activities: | ' | ' | ' |
Borrowing against line of credit | ' | 12,500 | 2,000 |
Principal payments on line of credit | -3,000 | -6,500 | ' |
Proceeds from exercise of common stock options | 1,881 | 1,224 | 361 |
Taxes paid related to net share settlement of equity awards | -321 | -66 | ' |
Principal payment on acquisition note | ' | -4,848 | ' |
Principal payments on capital lease obligations | ' | -583 | -906 |
Net cash provided by (used in) financing activities | -1,440 | 1,727 | 1,455 |
Effect of exchange rate fluctuations on cash and cash equivalents | -47 | -74 | -63 |
Increase (decrease) in cash and cash equivalents | -3,652 | 2,576 | 6,262 |
Cash and cash equivalents at beginning of year | 14,673 | 12,097 | 5,835 |
Cash and cash equivalents at end of year | 11,021 | 14,673 | 12,097 |
Supplemental disclosure of cash flow information: | ' | ' | ' |
Cash from income tax refunds | 10 | 15 | 990 |
Cash paid for income taxes | 218 | 17 | 9 |
Cash paid for interest | $244 | $334 | $56 |
ShareBased_Compensation
Share-Based Compensation | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Share-Based Compensation [Abstract] | ' | ||||||||||||
Share-Based Compensation | ' | ||||||||||||
2. Share-Based Compensation | |||||||||||||
Equity Incentive Plans | |||||||||||||
In May 2008, the Company’s stockholders approved the 2008 Equity Incentive Plan (“2008 Plan”). The 2008 Plan was amended by the Company’s stockholders in May 2010 to increase the number of shares reserved for issuance under the Plan by 1,500,000 shares. In May 2011, the 2008 Plan was amended again by the Company’s stockholders to increase the number of shares reserved for issuance under the Plan by 2,300,000 shares. Under the 2008 Plan, there is currently authorized for issuance and available for awards an aggregate of 5,000,000 shares of the Company’s common stock, plus up to an additional 2,407,369 shares that otherwise would have reverted to the share reserve of the Company’s prior incentive plan, the Company’s 1999 Stock Incentive Plan, subject to an overall, aggregate share reserve limit of 7,407,369 shares. Awards under the 2008 Plan may include stock options, restricted stock, stock appreciation rights, performance awards, restricted stock units and other awards, provided that with respect to full value awards, such as restricted stock or restricted stock units, no more than 300,000 shares may be issued in the form of full value awards during the term of the 2008 Plan. Awards under the 2008 Plan may be made to the Company’s officers and other employees, its board members and consultants that it hires. Generally, options vest over a four-year period and expire no more than seven years after the date of grant. The 2008 Plan has a term of ten years. | |||||||||||||
Employee Stock Ownership Plan | |||||||||||||
In January 2009, the Company established the PLX Technology, Inc. Employee Stock Ownership Plan (the “ESOP”). The ESOP is a non-leveraged, tax-qualified defined contribution retirement plan that is non-contributory. PLX regular employees (other than nonresident aliens with no U.S.-source income, employees covered by a collective bargaining agreement, leased employees and employees of a non-participating subsidiary of PLX) who are at least 18 years old and have worked for PLX for at least 12 consecutive months are eligible to participate in the ESOP. The Company makes cash contributions equal to a percentage of eligible compensation that is determined annually by the Board of Directors. Compensation costs are recorded based on the cash contribution amounts. Eligible compensation was limited to $150,000. The contributions are used to purchase common stock of the Company. Since the adoption of the ESOP, the Company has made annual contributions of 2% of each employee's eligible compensation up to a maximum of $3,000 for any single employee (2% of $150,000 of eligible compensation). In accordance with the IDT merger agreement, which was subsequently terminated, the Company ceased contributing to the plan after the April 2012 contribution. The reinstatement of contributions was approved by the Company’s Board of Directors effective as of the first quarter of 2013. Eligible participants received a share allocation at the end of the plan year based on the contributions plus an additional allocation for forfeitures that occurred during the plan year. The shares and forfeitures are allocated to each ESOP participant who is employed on the last day of the ESOP Plan Year (December 31) in the same proportion that the compensation (up to the $150,000 limit) of each ESOP participant bears to the eligible compensation of all ESOP participants. | |||||||||||||
Share-Based Compensation Expense | |||||||||||||
The fair value of share-based awards to employees is calculated using the Black-Scholes option pricing model, which requires subjective assumptions, including future stock price volatility and expected time to exercise, which greatly affect the calculated values. | |||||||||||||
The weighted-average fair value of share-based compensation to employees is based on the multiple option valuation approach. Forfeitures are estimated and it is assumed no dividends will be declared. The estimated fair value of share-based compensation awards to employees is amortized using the straight-line method over the vesting period of the options. The weighted-average fair value calculations are based on the following average assumptions: | |||||||||||||
Years Ended December 31, | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Expected volatility | 57.94% | 62.90% | 61.34% | ||||||||||
Expected life (in years) | 4.34 | 4.35 | 4.32 | ||||||||||
Risk-free interest rate | 1.13% | 0.68% | 1.21% | ||||||||||
Risk-Free Interest Rate. The risk-free interest rate is based on the U.S. Treasury yield curve in effect at the time of grant for the expected term of the option. | |||||||||||||
Expected Life. The Company’s expected life represents the weighted-average period that the Company’s stock options are expected to be outstanding. The expected life is based on the observed and expected time to post-vesting exercise of options by employees. The Company uses historical exercise patterns of previously granted options in relation to stock price movements to derive an employee behavioral pattern used to forecast expected exercise patterns. | |||||||||||||
Expected Volatility. The Company believes that historical volatility best represents expected volatility due to the lack of market data consistently available to calculate implied volatility. The historical volatility is based on the weekly closing prices of its common stock over a period equal to the expected term of the option and is a strong indicator of the expected future volatility. | |||||||||||||
These factors could change in the future, which would affect the share-based compensation expense in future periods. | |||||||||||||
As share-based compensation expense recognized in the Consolidated Statements of Operations for the fiscal years 2013, 2012 and 2011 is based on awards ultimately expected to vest, it has been reduced for estimated forfeitures. Forfeitures are estimated based on historical experience at the time of grant and revised, if necessary, in subsequent periods if actual forfeitures differ from those estimates. | |||||||||||||
The following table shows total share-based compensation and employee stock ownership plan expenses recorded for the years ended December 31, 2013, 2012 and 2011 (in thousands): | |||||||||||||
Years Ended December 31, | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Cost of revenues | $ | 12 | $ | 147 | $ | 47 | |||||||
Research and development | 788 | 1,007 | 485 | ||||||||||
Selling, general and administrative | 1,952 | 1,739 | 1,138 | ||||||||||
Discontinued operations (1) | -54 | 251 | 660 | ||||||||||
Total share-based compensation expense | $ | 2,698 | $ | 3,144 | $ | 2,330 | |||||||
(1) Recorded in loss from discontinued operations in the Consolidated Statement of Operations. | |||||||||||||
Share-based compensation expense from employee stock options and restricted stock units (“RSUs”) was $2.4 million, $3.0 million and $1.9 million for the years ended December 31, 2013, 2012 and 2011, respectively. For the same periods, ESOP expenses were $0.3 million, $0.2 million and $0.5 million, respectively. | |||||||||||||
A summary of option activity under the Company’s stock equity plans during the years ended December 31, 2013, 2012 and 2011 are as follows: | |||||||||||||
Weighted Average | |||||||||||||
Remaining | Aggregate | ||||||||||||
Number of | Weighted Average | Contractual Term | Intrinsic | ||||||||||
Options | Shares | Exercise Price | (in years) | Value (1) | |||||||||
Outstanding at December 31, 2010 | 4,202,653 | $ | 4.34 | 5.06 | $ | 2,314,975 | |||||||
Granted | 1,484,500 | 3.44 | |||||||||||
Exercised | -196,747 | 1.84 | |||||||||||
Cancelled | -888,039 | 4.35 | |||||||||||
Outstanding at December 31, 2011 | 4,602,367 | 4.15 | 4.61 | $ | 872,567 | ||||||||
Granted | 1,066,000 | 4.38 | |||||||||||
Exercised | -372,444 | 3.29 | |||||||||||
Cancelled | -1,083,371 | 4.86 | |||||||||||
Outstanding at December 31, 2012 | 4,212,552 | 4.11 | 3.93 | $ | 1,751,614 | ||||||||
Granted | 1,292,000 | 4.78 | |||||||||||
Exercised | -534,921 | 3.51 | |||||||||||
Cancelled | -317,068 | 5.62 | |||||||||||
Outstanding at December 31, 2013 | 4,652,563 | 4.26 | 4.09 | $ | 11,427,206 | ||||||||
Exercisable at December 31, 2013 | 2,870,905 | $ | 4.16 | 3.12 | $ | 7,570,994 | |||||||
-1 | The aggregate intrinsic value is calculated as the difference between the exercise price of the underlying awards and the closing stock price on December 31, 2013, 2012 and 2011. | ||||||||||||
The Black-Scholes weighted average fair values of options granted during the years ended December 31, 2013, 2012 and 2011 were $2.24, $2.17 and $1.69, respectively. | |||||||||||||
The following table summarizes ranges of outstanding and exercisable options as of December 31, 2013: | |||||||||||||
Options Outstanding | Options Exercisable | ||||||||||||
Weighted Average | |||||||||||||
Remaining | Weighted | Weighted | |||||||||||
Range of | Contractual Term | Average | Average | ||||||||||
Exercise Price | Number | (in years) | Exercise Price | Number | Exercise Price | ||||||||
$1.80-$2.69 | 947,091 | 2.36 | $ | 2.11 | 882,231 | $ | 2.07 | ||||||
$2.70-$4.10 | 1,356,291 | 4.42 | 3.82 | 817,860 | 3.75 | ||||||||
$4.11-$4.55 | 966,000 | 6.15 | 4.54 | 114,000 | 4.53 | ||||||||
$4.56-$6.46 | 1,010,457 | 4.09 | 5.12 | 749,805 | 5.19 | ||||||||
$6.47-$15.58 | 372,724 | 2 | 8.26 | 307,009 | 8.61 | ||||||||
Total | 4,652,563 | 4.09 | $ | 4.26 | 2,870,905 | $ | 4.16 | ||||||
The total intrinsic value of options exercised during the years ended December 31, 2013, 2012 and 2011 was $0.8 million, $0.8 million and $0.3 million, respectively. | |||||||||||||
The fair value of options vested during the year ended December 31, 2013 was approximately $3.0 million. | |||||||||||||
As of December 31, 2013, total unrecognized compensation costs, net of estimated forfeitures, related to nonvested stock options was $1.4 million which is expected to be recognized as expense over a weighted average period of approximately 1.22 years. | |||||||||||||
The following table summarizes the activity for our RSUs during the years ended December 31, 2013 and 2012: | |||||||||||||
Nonvested Restricted Stock Units | |||||||||||||
Number of | Weighted Average | ||||||||||||
Shares | Grant-Date Fair Value | ||||||||||||
31-Dec-11 | - | $ | - | ||||||||||
Granted | 301,000 | 6.27 | |||||||||||
Vested | -33,500 | 6.46 | |||||||||||
Cancelled | -27,400 | 6.66 | |||||||||||
31-Dec-12 | 240,100 | 6.20 | |||||||||||
Vested | -240,100 | 6.20 | |||||||||||
31-Dec-13 | - | $ | - | ||||||||||
As of December 31, 2013, there are no unvested RSUs. | |||||||||||||
Net_Income_Loss_Per_Share
Net Income (Loss) Per Share | 12 Months Ended | |||||||||
Dec. 31, 2013 | ||||||||||
Net Income (Loss) Per Share [Abstract] | ' | |||||||||
Net Income (Loss) Per Share | ' | |||||||||
3. Net Income (Loss) Per Share | ||||||||||
The Company uses the treasury stock method to calculate the weighted-average shares used in the diluted earnings per. The following table sets forth the computation of basic and diluted net income (loss) per share (in thousands, except per share data): | ||||||||||
Years Ended December 31, | ||||||||||
2013 | 2012 | 2011 | ||||||||
Income (loss) from continuing operations | $ | 7,136 | $ | -5,201 | $ | 3,104 | ||||
Weighted average shares outstanding - basic | 45,603 | 44,882 | 44,559 | |||||||
Dilutive effect of stock options and RSUs | 920 | - | 457 | |||||||
Weighted average shares outstanding - diluted | 46,523 | 44,882 | 45,016 | |||||||
Basic income (loss) per share from continuing operations | $ | 0.16 | $ | -0.12 | $ | 0.07 | ||||
Diluted income (loss) per share from continuing operations | $ | 0.15 | $ | -0.12 | $ | 0.07 | ||||
Weighted average employee stock options to purchase approximately 1.2 million shares for the year ended December 31, 2013, were outstanding, but were not included in the computation of diluted earnings per share as the exercise price of the options was greater than the average share price of the Company’s stock or the number of shares assumed to be repurchased using the proceeds of unrecognized compensation expense and exercise prices was greater than the weighted average number of shares underlying outstanding option and, therefore, the effect would have been anti-dilutive. | ||||||||||
As the Company incurred a loss from continuing operations for the year ended December 31, 2012, the effect of dilutive securities, totaling 4.5 million has been excluded from the computation of diluted loss per share, as their impact would be anti-dilutive. Dilutive securities are comprised of options to purchase common stock and RSUs. | ||||||||||
Weighted average employee stock options to purchase approximately 3.4 million for the year ended December 31, 2011, were outstanding, but were not included in the computation of diluted earnings per share as the exercise price of the options was greater than the average share price of the Company’s stock and, therefore, the effect would have been anti-dilutive. | ||||||||||
Financial_Instruments
Financial Instruments | 12 Months Ended | ||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||
Financial Instruments [Abstract] | ' | ||||||||||||||||||
Financial Instruments | ' | ||||||||||||||||||
4. Financial Instruments | |||||||||||||||||||
Fair Value Measurements | |||||||||||||||||||
The fair value of financial assets and liabilities measured on a recurring basis is as follows (in thousands): | |||||||||||||||||||
Fair Value Measurement as Reporting Date Using | |||||||||||||||||||
Quoted Prices in Active Markets | Significant Other | Significant | |||||||||||||||||
for Identical Assets or Liabilities | Observable Inputs | Unobservable Inputs | |||||||||||||||||
31-Dec-13 | (Level 1) | (Level 2) | (Level 3) | ||||||||||||||||
Assets: | |||||||||||||||||||
Money market funds | $ | 1 | $ | 1 | $ | - | $ | - | |||||||||||
Certificate of deposit | 7,555 | - | 7,555 | - | |||||||||||||||
Marketable securities | 2,716 | - | 2,716 | - | |||||||||||||||
Total | $ | 10,272 | $ | 1 | $ | 10,271 | $ | - | |||||||||||
Fair Value Measurement as Reporting Date Using | |||||||||||||||||||
Quoted Prices in Active Markets | Significant Other | Significant | |||||||||||||||||
for Identical Assets or Liabilities | Observable Inputs | Unobservable Inputs | |||||||||||||||||
31-Dec-12 | (Level 1) | (Level 2) | (Level 3) | ||||||||||||||||
Assets: | |||||||||||||||||||
Money market funds | $ | 1,809 | $ | 1,809 | $ | - | $ | - | |||||||||||
Certificate of deposit | 2,707 | - | 2,707 | - | |||||||||||||||
Marketable securities | 1,259 | - | 1,259 | - | |||||||||||||||
Escrow Receivable | 1,600 | - | - | 1,600 | |||||||||||||||
Total | $ | 7,375 | $ | 1,809 | $ | 3,966 | $ | 1,600 | |||||||||||
The fair value of the Company’s money-market funds classified as Level 1 is valued using prices in active markets. The fair values of the Company’s investments classified as Level 2 are valued using inputs that include actual trade data, benchmark yields, broker/dealer quotes and other similar data. These inputs are obtained from quoted market prices, independent pricing vendors or other sources. | |||||||||||||||||||
As of December 31, 2013, there were no assets requiring Level 3 measurements. The estimated fair value of the escrow payment was based on assumptions made regarding potential claims against the escrow using historical and market data and a 3.25% discount rate to consider present value. The Company estimated a claims rate of 17%. The escrow payment was received in November 2013. See Note 7 of the consolidated financial statements for more information on the escrow receivable. | |||||||||||||||||||
Investments | |||||||||||||||||||
As of December 31, 2013, the Company’s securities consisted of certificates of deposits and debt securities and were designated as available-for-sale. Available-for-sale securities are carried at fair value, based on quoted market prices or prices quoted in markets that are not active, with unrealized gains and losses reported in a separate component of stockholders’ equity. The amortized cost of debt securities is adjusted for the amortization of premiums and the accretion of discounts to maturity, both of which are included in interest income. Realized gains and losses are recorded on the specific identification method. | |||||||||||||||||||
The fair value of available-for-sale investments is as follows (in thousands): | |||||||||||||||||||
31-Dec-13 | |||||||||||||||||||
Amortized | Unrealized | Unrealized | Estimated | ||||||||||||||||
Cost | Gain | Loss | Fair Value | ||||||||||||||||
Certificate of deposit | $ | 7,557 | $ | - | $ | -2 | $ | 7,555 | |||||||||||
Marketable securities: | |||||||||||||||||||
Municipal bonds | 2,125 | 1 | - | 2,126 | |||||||||||||||
US treasury and government agencies securities | 590 | - | - | 590 | |||||||||||||||
Total | $ | 10,272 | $ | 1 | $ | -2 | $ | 10,271 | |||||||||||
Less amounts classified as cash equivalents | -868 | ||||||||||||||||||
Total short and long-term available-for-sale investments | $ | 9,403 | |||||||||||||||||
Contractual maturity dates for investments: | |||||||||||||||||||
Less than one year: | 8,295 | ||||||||||||||||||
One to two years: | 1,108 | ||||||||||||||||||
$ | 9,403 | ||||||||||||||||||
31-Dec-12 | |||||||||||||||||||
Amortized | Unrealized | Unrealized | Estimated | ||||||||||||||||
Cost | Gain | Loss | Fair Value | ||||||||||||||||
Certificate of deposit | $ | 2,707 | $ | - | $ | - | $ | 2,707 | |||||||||||
Marketable securities: | |||||||||||||||||||
Corporate bonds and notes | 278 | - | - | 278 | |||||||||||||||
Municipal bonds | 981 | - | - | 981 | |||||||||||||||
Total | $ | 3,966 | $ | - | $ | - | $ | 3,966 | |||||||||||
Less amounts classified as cash equivalents | -1,928 | ||||||||||||||||||
Total short and long-term available-for-sale investments | $ | 2,038 | |||||||||||||||||
Contractual maturity dates for investments: | |||||||||||||||||||
Less than one year: | 1,787 | ||||||||||||||||||
One to two years: | 251 | ||||||||||||||||||
$ | 2,038 | ||||||||||||||||||
The following tables show the gross unrealized losses and fair value for investments in an unrealized loss position as of December 31, 2013, aggregated by investment category and the length of time that individual securities have been in a continuous loss position (in thousands): | |||||||||||||||||||
31-Dec-13 | |||||||||||||||||||
Less than 12 Months | 12 months or Greater | Total | |||||||||||||||||
Fair Value | Unrealized Loss | Fair Value | Unrealized Loss | Fair Value | Unrealized Loss | ||||||||||||||
Certificate of deposit | $ | 1,956 | $ | -2 | $ | - | $ | - | $ | 1,956 | $ | -2 | |||||||
Total | $ | 1,956 | $ | -2 | $ | - | $ | - | $ | 1,956 | $ | -2 | |||||||
As of December 31, 2012, the Company had an aggregate unrealized loss of less than $1,000. | |||||||||||||||||||
The Company reviews its available for sale investments for impairment at the end of each period. Investments in debt securities are considered impaired when the fair value of the debt security is below its amortized cost. If an impairment exists and the Company determines it has intent to sell the debt security or if it is more likely than not that it will be required to sell the debt security before recovery of its amortized cost basis, an other-than-temporary impairment loss is recognized in earnings to write the debt security down to its fair value. However, even if the Company does not expect to sell the debt security, it must evaluate expected cash flows to be received and determine if a credit loss exists. In the event of a credit loss, only the amount of impairment associated with the credit loss is recognized in earnings. Amounts relating to factors other than credit losses are recognized in other comprehensive income (loss). The Company did not record any other-than-temporary write-downs in the accompanying financial statements. | |||||||||||||||||||
Concentrations_Of_Credit_Custo
Concentrations Of Credit, Customer And Supplier Risk | 12 Months Ended | |||||||||
Dec. 31, 2013 | ||||||||||
Concentrations Of Credit, Customer And Supplier Risk [Abstract] | ' | |||||||||
Concentrations Of Credit, Customer And Supplier Risk | ' | |||||||||
5. Concentrations of Credit, Customer and Supplier Risk | ||||||||||
Financial instruments that potentially subject the Company to concentrations of credit risk consist primarily of cash equivalents, short-term investments, long-term investments and trade receivables. The Company generally invests its excess cash in money market funds, certificates of deposits, corporate bonds with high credit ratings, municipal bonds and treasury bills. The Company’s cash, cash equivalents, short and long-term investments were approximately $20.4 million as of December 31, 2013 which exceeded the amount insured by the Federal Deposit Insurance Corporation (“FDIC”). The Company has not experienced any significant losses on its cash equivalents or short and long-term investments. | ||||||||||
The Company performs ongoing credit evaluations of its customers and generally requires no collateral. Customers who accounted for 10% or more of net accounts receivable are as follows: | ||||||||||
December 31, | ||||||||||
2013 | 2012 | 2011 | ||||||||
Excelpoint Systems Pte Ltd. | 26% | 30% | 27% | |||||||
Answer Technology, Inc. | 21% | 19% | 12% | |||||||
Avnet, Inc. | * | 21% | 28% | |||||||
* Less than 10% | ||||||||||
The Company analyzes the need for reserves for potential credit losses and records reserves when necessary. Through fiscal 2013, there were no direct end customers that accounted for more than 10% of net revenues. Sales to the following distributors accounted for 10% or more of net revenues: | ||||||||||
Years Ended December 31, | ||||||||||
2013 | 2012 | 2011 | ||||||||
Excelpoint Systems Pte Ltd. | 32% | 27% | 24% | |||||||
Avnet, Inc. | 23% | 24% | 24% | |||||||
Answer Technology, Inc. | 12% | 19% | 18% | |||||||
Currently, the Company relies on single source suppliers for the significant majority of its product inventory. As a result, should the Company's current suppliers not produce and deliver inventory for the Company to sell on a timely basis, operating results may be adversely impacted. | ||||||||||
UK_Design_Team_Divestiture
UK Design Team Divestiture | 12 Months Ended |
Dec. 31, 2013 | |
UK Design Team Divestiture [Abstract] | ' |
UK Design Team Divestiture | ' |
6. UK Design Team Divestiture | |
On October 5, 2011 the Company entered into an Asset Purchase agreement and IP license with OCZ Technology Group (OCZ) for $2.2 million in cash, whereby OCZ acquired the Company’s UK design team and related assets and liabilities, and obtained a nonexclusive perpetual license of its consumer storage technology. The deal closed on October 21, 2011. The Company continues to offer and support its current consumer storage products. | |
Ralph Schmitt, PLX’s CEO in 2011, was also a member of OCZ’s board of directors. Throughout the term of negotiations and up to the date of acquisition of assets, he removed himself from all discussions to ensure execution of an arms-length transaction and had no authority to make decisions or influence the outcome of the arrangement. | |
The Company recorded $1.7 million as license revenue and $0.5 million was allocated to sale of assets and the transfer of the UK design team and related liabilities based on the relative fair values. The carrying value of net assets transferred and goodwill allocated was $0.4 million and $74,000, respectively. Based on the carrying values of assets transferred, the Company recognized a gain of $28,000 on the divestiture. | |
As a result of this divestiture, the Company also reviewed the useful life and amortization method of its storage acquired finite lived core technology intangible and determined that a change in the assets useful life and amortization method was required. The Company reduced the total estimated useful life of the intangible from five years to four years and changed the amortization method from straight line to an accelerated method that more closely matches the remaining cash inflows from the consumer storage products. The change in estimated life and amortization acceleration was reflected in the fourth quarter of 2011, the period of change. | |
Discontinued_Operation
Discontinued Operation | 12 Months Ended | |||||||||
Dec. 31, 2013 | ||||||||||
Discontinued Operation [Abstract] | ' | |||||||||
Discontinued Operation | ' | |||||||||
7. Discontinued Operation | ||||||||||
On September 20, 2012, the Company completed the sale of its physical layer 10GBase-T integrated circuit (“PHY”) family of products pursuant to an Asset Purchase Agreement (the “Aquantia APA”) between the Company and Aquantia Corporation for $2.0 million in cash. | ||||||||||
On July 6, 2012, the Company had also entered into an Asset Purchase Agreement (the “Entropic APA”) with Entropic Communications, Inc., pursuant to which the Company completed the sale of its digital channel stacking switch product line within the PHY product family, including certain assets exclusively related to the product line. Under the terms of the Entropic APA, the Company continued to have an obligation to complete the development in process. The agreement provided for $3.0 million upon closing and up to $5.0 million in future payments. Future payments consisted of a milestone payment of $2.0 million in connection with product acceptance, a $2.0 million escrow payment relating to certain representations, warranties and indemnities made by PLX and is due to be released to PLX twelve months after product acceptance and a $1.0 million milestone payment in the event a third party royalty arrangement is secured. In conjunction with the Entropic APA, the Company entered into an Intellectual Property License Agreement (the “License Agreement”) with Entropic which provided a fully paid, non-exclusive, royalty free license to certain of the physical layer 10GBase-T integrated circuit technology and provided for a $4.0 million payment from Entropic to the Company upon signing. In connection with the transaction with Aquantia, on November 21, 2012, the Company negotiated a modification to the Agreement with Entropic that amended and restated the product acceptance milestone such that the milestone was deemed to have occurred upon execution of the amendment and changed the associated consideration from $2.0 million to $1.4 million. In exchange, the obligation of PLX to complete the development of the product was assumed by Entropic. | ||||||||||
The consideration received for the combined sale of the PHY business totaled $12.0 million and consisted of cash received at closing in connection with the Aquantia APA of $2.0 million, the Entropic APA of $3.0 million, the License Agreement of $4.0 million, the accelerated product acceptance milestone payment of $1.4 million and the rights to the estimated fair value of the escrow payment under the Entropic APA of $1.6 million. The estimated fair value of the escrow payment was included in the Company’s balance sheet as other current assets as of December 31, 2012 and was based on assumptions made regarding potential claims against the escrow using historical and market data. The escrow payment was received for the full $2.0 million in November 2013 and $0.3 million was recorded as a gain for 2013. Future payments of up to $1.0 million which is contingent on future milestone achievements were not included in the consideration recorded and will be accounted for when they are probable of being received. The Company recorded a gain of $0.3 million and $3.5 million in 2013 and 2012, respectively, related to this divestiture. The following table summarizes the components of the gain (in thousands): | ||||||||||
Years Ended December 31, | ||||||||||
2013 | 2012 | |||||||||
Cash proceeds from sale (including fair value amount held escrow) | $ | - | $ | 12,000 | ||||||
Amount received in excess of escrow fair value | 334 | - | ||||||||
Less carrying value of assets transferred and asset write-offs: | ||||||||||
Inventory transferred | - | -1,254 | ||||||||
Fixed assets transferred | - | -631 | ||||||||
Intangible assets write-off | - | -5,783 | ||||||||
Goodwill write-off | - | -877 | ||||||||
Other adjustments | -37 | -5 | ||||||||
Total gain on disposal | $ | 297 | $ | 3,450 | ||||||
The following is selected financial information included in loss from discontinued operations: | ||||||||||
Years Ended December 31, | ||||||||||
2013 | 2012 | 2011 | ||||||||
in thousands | ||||||||||
Revenues | $ | - | $ | 2,947 | $ | 4,637 | ||||
Gain on disposal | 297 | 3,450 | - | |||||||
Income (loss) before income taxes | 240 | -27,476 | -30,531 | |||||||
Provision (benefit) from income taxes | 39 | -88 | -2,604 | |||||||
Income (loss) from discontinued operations | $ | 201 | $ | -27,388 | $ | -27,927 | ||||
Asset_Impairment
Asset Impairment | 12 Months Ended |
Dec. 31, 2013 | |
Asset Impairment [Abstract] | ' |
Asset Impairment | ' |
9. Asset Impairment | |
In June 2012 the Company recorded impairment charges of $10.3 million related to its 10 Gigabit Ethernet business, including core technology of $9.6 million, trade name and customer relationships of $0.2 million and certain tangible assets of $0.5 million. The primary factors contributing to this impairment charge was the uncertainty of and reduction in forecasted cash flows, resulting in an increase in the probability that the product line will be sold or disposed of based on the reduction and timing of future cash flows. In determining the amount of impairment charges the Company calculated the fair value of the asset group as of the impairment date. The valuation of the assets was classified as a level 3 measurement under the fair value measurement guidance. The fair value was determined using the weighted average of a discounted cash flow analysis and a market approach along with proceeds received from Entropic in July 2012 in connection with the IP license agreement. The discounted cash flow approach calculates the value based on the risk-adjusted present value of the cash flows related to 10 Gigabit Ethernet while the market approach calculates the value based on indications of what a market participant would pay for the asset group. The key unobservable inputs utilized in the discounted cash flow model include a 40% discount rate, a tax rate of 40% and future cash flows based on current product and market data. The impairment was recorded in discontinued operations in the Company’s Consolidated Statement of Operations in 2012. | |
Other_Intangible_Assets
Other Intangible Assets | 12 Months Ended |
Dec. 31, 2013 | |
Other Intangible Assets [Abstract] | ' |
Other Intangible Assets | ' |
10. Other Intangible Assets | |
The acquisition of Teranetics and Oxford included the acquisition of $30.5 million and $9.1 million, respectively, of identifiable intangible assets. All of these intangibles were subject to amortization. There is no estimated residual value on any of the intangible assets. As of December 31, 2012 all acquired intangibles were fully amortized. There was no amortization expense in 2013. | |
As of the result of the divestiture of the UK design team on October 21, 2011, the Company reviewed the useful life of its storage acquired intangibles and determined a change in the assets useful life and method of amortization was required. The Company reduced the useful life of the intangible from five years to four years and changed the amortization method from straight-line to an accelerated method. The change and amortization acceleration was reflected in the fourth quarter of 2011, the period of change. | |
The amortization expense was $0.2 million and $2.8 million for the years ended December 31, 2012 and 2011, respectively. | |
The amortization expense from discontinued operations was $5.1 million and $7.8 million for the years ended December 31, 2012 and 2011, respectively. In the second quarter of 2012, the Company recorded impairment charges of $9.8 million related to its core technology, trade name and customer relationships acquired in the Teranetics acquisition. See Note 9 of the consolidated financial statements for more information on the impairment. As a result of the impairment and the Entropic and Aquantia transactions, the Company reduced the remaining useful lives and accelerated the amortization of the Teranetics acquired intangibles. The remaining value of the intangibles of $5.8 million was written off and included in the gain on disposal in 2012. See Note 7 of the consolidated financial statements for more information on the divestiture of the PHY business. | |
Retirement_Savings_Plan
Retirement Savings Plan | 12 Months Ended |
Dec. 31, 2013 | |
Retirement Savings Plan [Abstract] | ' |
Retirement Savings Plan | ' |
11. Retirement Savings Plan | |
The Company sponsors the PLX Technology, Inc. 401(k) Plan (the “Plan”). The Plan allows all full-time employees to contribute up to 100% of their annual compensation. However, employee contributions are limited to a maximum annual amount established by the Internal Revenue Service. Beginning in 1996, the Company made a matching contribution calculated at 50 cents on each dollar of the first 6% of the participant’s compensation. The Company's expenses relating to the plan were approximately $0.4 million, $0.4 million and $0.4 million for 2013, 2012 and 2011, respectively. | |
In January 2009, the Company established the PLX Technology, Inc. Employee Stock Ownership Plan (the “ESOP”). The ESOP is non-contributory and provides cash contribution at a percent of eligible U.S. compensation that is determined annually by the Board of Directors. The Company contributes 2% of eligible compensation up to $3,000 per employee. In accordance with the IDT merger agreement, which was subsequently terminated, the Company ceased contributing to the plan after the April 2012 contribution. The reinstatement of contributions was approved by the Company’s Board of Directors effective as of the first quarter of 2013. The expense recorded for contributions to this plan was approximately $0.3 million, $0.1 million and $0.3 million for 2013, 2012 and 2011, respectively. | |
Income_Taxes
Income Taxes | 12 Months Ended | |||||||||
Dec. 31, 2013 | ||||||||||
Income Taxes [Abstract] | ' | |||||||||
Income Taxes | ' | |||||||||
12. Income Taxes | ||||||||||
The components of income before income tax provision for the years ended December 31, 2013, 2012 and 2011 are as follows (in thousands): | ||||||||||
Years Ended December 31, | ||||||||||
2013 | 2012 | 2011 | ||||||||
United States | $ | 5,133 | $ | -8,510 | $ | 8,718 | ||||
Foreign | 2,232 | 3,545 | -2,863 | |||||||
Income (loss) before income tax provision | $ | 7,365 | $ | -4,965 | $ | 5,855 | ||||
The provision (benefit) for income taxes consists of the following (in thousands): | ||||||||||
Years Ended December 31, | ||||||||||
2013 | 2012 | 2011 | ||||||||
Federal: | ||||||||||
Current | $ | 153 | $ | 146 | $ | 2,699 | ||||
153 | 146 | 2,699 | ||||||||
State: | ||||||||||
Current | 41 | 20 | 5 | |||||||
41 | 20 | 5 | ||||||||
Foreign: | ||||||||||
Current | 35 | 70 | 47 | |||||||
35 | 70 | 47 | ||||||||
Total | $ | 229 | $ | 236 | $ | 2,751 | ||||
The provision (benefit) for income taxes differs from the amount of income taxes determined by applying the U.S. statutory federal income tax rate as follows (in thousands): | ||||||||||
Years Ended December 31, | ||||||||||
2013 | 2012 | 2011 | ||||||||
Tax provision (benefit) at the U.S. statutory rate | $ | 2,578 | $ | -1,740 | $ | 2,340 | ||||
State taxes (net of federal benefit) | 41 | 15 | 12 | |||||||
Research and development credit | -1,289 | -2,982 | -1,137 | |||||||
Change in valuation allowance | -431 | 6,147 | 274 | |||||||
Foreign rate differential | -726 | -1,171 | 1,037 | |||||||
Other individually immaterial items | 56 | -33 | 225 | |||||||
$ | 229 | $ | 236 | $ | 2,751 | |||||
During the year ended December 31, 2013, the Company’s deferred tax asset valuation allowance increased by $0.2 million. The Company’s deferred tax asset valuation allowance decreased by $3.5 million in 2012 and increased by $11.2 million in 2011. The increase from December 31, 2012 to December 31, 2013 relates to the deferred tax assets generated primarily related to the true up of NOL carryforwards. The decrease from December 31, 2011 to December 31, 2012 relates to the sale of the PHY business and the unrealizability of the Teranetics tax attributes. | ||||||||||
Significant components of the Company's deferred tax assets and liabilities are as follows (in thousands): | ||||||||||
December 31, | ||||||||||
2013 | 2012 | |||||||||
Deferred tax assets: | ||||||||||
Accrued expenses and reserves | $ | 4,175 | $ | 3,566 | ||||||
Net operating loss carryforwards | 37,159 | 39,298 | ||||||||
Research and development credits | 18,950 | 17,297 | ||||||||
Depreciation | 1,136 | 1,723 | ||||||||
Share-based compensation | 5,870 | 5,673 | ||||||||
Other | -117 | 114 | ||||||||
Gross deferred tax assets: | 67,173 | 67,671 | ||||||||
Valuation Allowance | -67,173 | -67,021 | ||||||||
- | 650 | |||||||||
Deferred tax liabilities: | ||||||||||
Acquisition related intangibles | - | -650 | ||||||||
Total net deferred tax assets | $ | - | $ | - | ||||||
At December 31, 2013, the Company had federal and state net operating loss carryforwards of $81.6 million and $47.5 million, respectively. Net operating loss carryforwards will expire at various dates through 2032. During the fourth quarter of 2010, the Company concluded its analysis under Internal Revenue Code Section 382 for federal net operating losses and determined that utilization of the net operating loss and credit carryforwards are subject to various annual limitations. In addition, as of December 31, 2013, the Company had federal and state tax credit carryforwards of approximately $12.0 million and $17.8 million, respectively. The federal research and development credits will expire beginning in 2019 and the state credits will carryforward indefinitely. The Company also has approximately $25.7 million of net operating loss carryforwards from its UK operations. | ||||||||||
Approximately $2.8 million of the federal and $2.1 million of the state net operating loss carryforward relate to excess tax deductions from stock options which have not yet been realized. The accounting guidance for share-based compensation prohibits recognition of a deferred income tax asset for excess tax benefits due to stock option exercises that have not yet been realized through a reduction in income tax payable. | ||||||||||
Due to operating losses incurred, the Company created a full valuation allowance as of December 2002 for deferred tax assets. As of December 2013, a valuation allowance continues to be recorded for the net deferred tax asset based on management’s assessment that the realization of deferred tax assets is uncertain due to the history of losses, the variability of operating results and the inability to conclude that it is more likely than not that sufficient taxable income would be generated in future periods to realize those deferred tax assets. The Company will maintain a full valuation allowance until sufficient positive evidence exists to support a reversal of the valuation allowance. As of December 2013, the Company has a valuation allowance against net deferred assets of $67.2 million. | ||||||||||
The Company intends to review on a quarterly basis the conclusions reached about the appropriate amount of its deferred income tax asset valuation allowance. We expect a significant benefit to be recorded in the period the valuation allowance reversal is recorded and a significantly higher effective tax rate in periods following the valuation allowance reversal. | ||||||||||
A reconciliation of the beginning and ending amount of unrecognized tax benefits is a follows (in thousands): | ||||||||||
Years Ended December 31, | ||||||||||
2013 | 2012 | 2011 | ||||||||
Unrecognized tax benefits balance, beginning of period | $ | 5,429 | $ | 4,401 | $ | 4,038 | ||||
Gross increase for tax positions for prior year | 58 | 553 | - | |||||||
Gross increase for tax positions for current year | 373 | 475 | 363 | |||||||
Unrecognized tax benefits balance, end of period | $ | 5,860 | $ | 5,429 | $ | 4,401 | ||||
Future changes in the remaining balance of unrecognized tax benefits will have no impact on the effective tax rate as it is subject to a full valuation allowance. | ||||||||||
The Company does not have any material accrued interest or penalties associated with any unrecognized tax benefits. The Company does not believe it is reasonably possible that its unrecognized tax benefits will significantly change within the next twelve months. | ||||||||||
The Company is subject to taxation in the US and various state and foreign jurisdictions. The tax years 1999-2012 remain open to examination by the federal and state tax authorities. Net operating loss and tax credit carryforwards generated in prior periods remain open to examination. | ||||||||||
The Company has made no provision for U.S. income taxes on approximately $0.7 million of cumulative undistributed earnings of certain foreign subsidiaries because it is the Company’s intention to indefinitely reinvest such earnings. If such earnings were distributed, the Company would accrue additional taxes of approximately $0.3 million. Foreign operations generated pre-tax profit of $2.2 million and $3.5 million in 2013 and 2012, respectively, and a pre-tax loss of $2.8 million in 2011. | ||||||||||
Line_Of_Credit
Line Of Credit | 12 Months Ended |
Dec. 31, 2013 | |
Line Of Credit [Abstract] | ' |
Line Of Credit | ' |
13. Line of Credit | |
On September 30, 2011, the Company entered into an agreement with Silicon Valley Bank (SVB) to establish a two-year $10.0 million revolving loan facility. On April 22, 2013, the agreement was amended to increase the facility to $15.0 million and extend the maturity date to September 30, 2015. The facility provides for revolving advances based on a borrowing-base formula tied to the Company’s receivables and also provides for month-end and fiscal quarter-end advances beyond the borrowing-base formula subject to certain limitations and requirements. Borrowings under the credit facility bear interest at rates equal to the prime rate announced from time to time in The Wall Street Journal. As of December 31, 2013 the prime rate was 3.25%. The facility also provides for commitment, unused facility and letter-of-credit fees. The facility is secured by liens on the Company’s personal property assets except for intellectual property, which is subject to a negative pledge against encumbrance. As of December 31, 2013 there is $5.0 million outstanding against the facility. In addition, the Company issued an irrevocable letter of credit of $0.8 million against the facility for the bond issued as a result of the judgment in the Internet Machines litigation. Borrowing availability as of December 31, 2013 is $9.2 million. Interest payments are made monthly with principal due at maturity. | |
The facility is subject to certain financial covenants for earnings before interest, taxes, depreciation and amortization (“EBITDA’), as defined in the agreement, and a monthly quick ratio computation (PLX’s cash, investments and accounts receivable divided by current liabilities). The Company was in compliance with all financial covenants associated with this facility as of December 31, 2013. | |
Commitments_And_Contingencies
Commitments And Contingencies | 12 Months Ended | |||||||||
Dec. 31, 2013 | ||||||||||
Commitments And Contingencies [Abstract] | ' | |||||||||
Commitments And Contingencies | ' | |||||||||
14. Commitments and Contingencies | ||||||||||
The Company uses several contract manufacturers and suppliers to provide manufacturing services for its products. As of December 31, 2013, the Company has purchase commitments for inventory with these contract manufacturers and suppliers of approximately $9.0 million. These inventory purchase commitments are placed on a sales order basis with lead times ranging from 4 to 16 weeks to meet estimated customer demand requirements. | ||||||||||
The Company leases facilities, equipment and software tools under non-cancelable operating leases and service agreements. Future minimum payments under facility, equipment and software tool at December 31, 2013 are as follows (in thousands): | ||||||||||
Facility and | ||||||||||
Equipment | Software | Total | ||||||||
2014 | $ | 236 | $ | 2,966 | $ | 3,202 | ||||
2015 | 111 | 805 | 916 | |||||||
2016 | 32 | 12 | 44 | |||||||
Total | $ | 379 | $ | 3,783 | $ | 4,162 | ||||
Rental expense for all facility leases aggregated approximately $0.3 million, $0.3 million and $0.7 million for the years ended December 31, 2013, 2012 and 2011, respectively. | ||||||||||
As of December 31, 2013, the Company’s capital leases consist of IP, which were paid in full in 2012. Amortization expense relating to capital leases was approximately $0.1 million, $0.6 million and $0.9 million in 2013, 2012 and 2011, respectively. Included in other assets are capital lease assets of $0.4 million as of December 31, 2013 and is net of accumulated amortization of $3.7 million. | ||||||||||
Litigation | ||||||||||
To date, Internet Machines LLC ("Internet Machines") has filed three separate lawsuits against PLX. The first suit was filed on February 2, 2010, which has been served on PLX, entitled Internet Machines LLC v. Alienware Corporation, et al., in the United States District Court for the Eastern District of Texas, Tyler Division (the “First Suit”). This First Suit alleges infringement by PLX and the other defendants in the lawsuit of two patents held by Internet Machines. The complaint in the lawsuit seeks unspecified compensatory damages, treble damages and attorneys' fees, as well as injunctive relief against further infringement of Internet Machines' patents. On May 14, 2010, the Company filed its answer to the live complaint and asserted counterclaims, seeking declaratory judgments of non-infringement and invalidity of the patents-in-suit. On December 6, 2010, the Court held a case-management conference and subsequently entered a scheduling order in this matter, and set the trial for February 2012. | ||||||||||
On February 21, 2012, through February 29, 2012, the claims and defenses asserted in the First Suit were tried to a seven-member jury in the United States District Court for the Eastern District of Texas, Tyler Division. On February 29, 2012, the jury returned its verdict, finding the patents-in-suit valid and infringed and awarded money damages against PLX in the amount of $1.0 million. On June 19, 2013, the Court issued its ruling on the post-verdict motions filed by the parties and entered an appealable judgment, affirming the jury’s findings of validity and infringement. The judgment entered by the Court further affirmed the monetary award found by the jury. On July 17, 2013, the Company filed a notice of appeal with the Court and on October 7, 2013 it filed the appeal brief, appealing the judgment to the United States Court of Appeals for the Federal Circuit. The Company intends to continue to vigorously seek reversal of the jury’s verdict and the Court’s judgment on appeal. | ||||||||||
Internet Machines' second lawsuit, which has also been served on PLX, was filed on October 17, 2010, again in the United States District Court for the Eastern District of Texas, Tyler Division (the “Second Suit”). This Second Suit, entitled Internet Machines LLC v. ASUS Computer International, et al., alleges infringement by PLX of another patent held by Internet Machines. The complaint also asserts infringement claims against a separate group of defendants not named in the first Internet Machines lawsuit, and accuses those defendants of infringing the two patents asserted against PLX in the First Suit, as well as the additional patent listed in this Second Suit. The complaint in the lawsuit seeks unspecified compensatory damages, treble damages and attorneys' fees, as well as injunctive relief against further infringement of Internet Machines' patents. On December 28, 2010, the Company filed its answer to the live complaint in the second lawsuit and asserted counterclaims, seeking declaratory judgments of non-infringement and invalidity of the patents-in-suit. | ||||||||||
On May 17, 2011, Internet Machines filed a third lawsuit entitled Internet Machines LLC v. Avnet, Inc., et al., again in the United States District Court for the Eastern District of Texas, Tyler Division (the “Third Suit”). The third lawsuit has been served on PLX and alleges that PLX infringes a fourth patent held by Internet Machines. This lawsuit also accuses a new group of defendants of infringing each of Internet Machines' patents at issue in the First and Second Suits, as well as the fourth patent asserted against PLX in this Third Suit. The complaint in the Third Suit seeks unspecified compensatory damages, treble damages and attorneys' fees, as well as injunctive relief against further infringement of Internet Machines' patents. On September 27, 2011, the Company filed its answer to the live complaint and asserted counterclaims, seeking declaratory judgments of non-infringement and invalidity of the patents-in-suit. | ||||||||||
On January 20, 2012, the Court entered an order consolidating the Second and Third Suits into one action. The Court further ordered that the schedule entered in the Third Suit would govern the consolidated action. As a result, the consolidated action was originally set for trial in February 2013. | ||||||||||
On March 25, 2011, a related entity, Internet Machines MC LLC, filed a lawsuit against PLX, entitled Internet Machines MC LLC v. PLX Technology, Inc., et al., in the United States District Court for the Eastern District of Texas, Marshall Division. Internet Machines MC LLC, however, did not serve the initial complaint on PLX. Instead, on August 26, 2011, Internet Machines MC LLC filed a first amended complaint, which has now been served on PLX, alleging infringement by PLX and the other defendants in the lawsuit of one patent held by Internet Machines MC LLC. The complaint in this lawsuit seeks unspecified compensatory damages, treble damages and attorneys' fees, as well as injunctive relief against further infringement of Internet Machines MC LLC's patents. On November 11, 2011, the Company filed its answer to the live complaint and asserted counterclaims, seeking declaratory judgments of non-infringement and invalidity of the patents-in-suit. On March 5, 2012, the Court held an initial case-management conference in this matter. The Court entered a scheduling order in this matter, and trial was originally set for July 2013. | ||||||||||
On September 4, 2012, the Court entered an order staying the Second and Third Suits and the lawsuit brought by Internet Machines MC LLC discussed in the preceding paragraph. Pursuant to the Court’s order, those lawsuits are stayed until a final non-appealable judgment is entered in the First Suit, again styled Internet Machines LLC v. Alienware Corp., et al., Cause No. 6:10-CV-023, in the United States District Court for the Eastern District of Texas. While it is not possible to determine the ultimate outcome of these suits, the Company believes that it has meritorious defenses with respect to the claims asserted against it and intends to vigorously defend its position, but it is unable to estimate a range of possible loss, if any. | ||||||||||
As a result of the jury’s February 29, 2012 verdict on the First Suit, the Company accrued $1.0 million as of December 31, 2011. Based on the June 19, 2013 Court’s ruling, the Company accrued an additional $0.9 million. As noted above, the Company has filed an appeal of the jury’s verdict and the Court’s judgment issued in the First Suit. The Company will continue to accrue royalties, under the Court’s direction, until the appeal is finalized. A change in the ruling as a result of that appeal could change the estimated liability in the period in which the outcome of the appeal is known. | ||||||||||
From time to time, the Company is involved in claims and legal proceedings that arise in the ordinary course of business. Any claims or proceedings against the Company, whether meritorious or not, could be time consuming, result in costly litigation, require significant amounts of management time, result in the diversion of significant operational resources or require the Company to enter into royalty or licensing agreements which, if required, may not be available on terms favorable to the Company or at all. If management believes that a loss arising from these matters is probable and can be reasonably estimated, the Company will record a reserve for the loss. | ||||||||||
Warranty and Indemnification Provisions | ||||||||||
Changes in sales warranty reserve are as follows (in thousands): | ||||||||||
Years Ended December 31, | ||||||||||
2013 | 2012 | 2011 | ||||||||
Balance, beginning of period | $ | 254 | $ | 96 | $ | 120 | ||||
Warranty costs incurred | -323 | -336 | -252 | |||||||
Additions related to current period sales | 300 | 494 | 228 | |||||||
Balance, end of period | $ | 231 | $ | 254 | $ | 96 | ||||
Warranty costs, which relate to product quality issues, remained consistent and insignificant during the periods presented. | ||||||||||
The Company enters into standard indemnification agreements with many of its customers and certain other business partners in the ordinary course of business. These agreements include provisions for indemnifying the customer against any claim brought by a third-party to the extent any such claim alleges that a PLX product infringes a patent, copyright or trademark, or violates any other proprietary rights of that third-party. It is not possible to estimate the maximum potential amount of future payments the Company could be required to make under these indemnification agreements. To date, the Company has not incurred any significant costs to defend lawsuits or settle claims related to these indemnification agreements. No liability for these indemnification agreements has been recorded at December 31, 2013, 2012 or 2011. | ||||||||||
Segments_Of_An_Enterprise_And_
Segments Of An Enterprise And Related Information | 12 Months Ended | |||||||||
Dec. 31, 2013 | ||||||||||
Segments Of An Enterprise And Related Information [Abstract] | ' | |||||||||
Segments Of An Enterprise And Related Information | ' | |||||||||
15. Segments of an Enterprise and Related Information | ||||||||||
The Company has one operating segment, the sale of semiconductor devices. The Chief Executive Officer has been identified as the Chief Operating Decision Maker (CODM) because he has final authority over resource allocation decisions and performance assessment. The CODM does not receive discrete financial information about individual components of the Company's business. Substantially all of the Company’s assets are located in the United States. | ||||||||||
Revenues by geographic region based on customer location were as follows (in thousands): | ||||||||||
Years Ended December 31, | ||||||||||
2013 | 2012 | 2011 | ||||||||
Revenues: | ||||||||||
China | $ | 29,454 | $ | 27,026 | $ | 26,740 | ||||
United States | 21,222 | 15,639 | 22,088 | |||||||
Singapore | 17,290 | 13,432 | 13,312 | |||||||
Taiwan | 16,980 | 22,682 | 25,379 | |||||||
Other Asia Pacific | 9,434 | 7,959 | 9,762 | |||||||
Germany | 8,516 | 11,575 | 11,765 | |||||||
Europe, Middle East and Africa | 1,169 | 1,491 | 1,958 | |||||||
The Americas - excluding United States | 425 | 444 | 148 | |||||||
Total | $ | 104,490 | $ | 100,248 | $ | 111,152 | ||||
Revenues by type were as follows (in thousands): | ||||||||||
Years Ended December 31, | ||||||||||
2013 | 2012 | 2011 | ||||||||
Revenues: | ||||||||||
PCI Express | $ | 75,582 | $ | 66,780 | $ | 61,557 | ||||
Connectivity | 28,908 | 33,468 | 49,595 | |||||||
Total | $ | 104,490 | $ | 100,248 | $ | 111,152 | ||||
There were no direct end customers that accounted for more than 10% of net revenues. Sales to the following distributors accounted for 10% or more of net revenues: | ||||||||||
Years Ended December 31, | ||||||||||
2013 | 2012 | 2011 | ||||||||
Excelpoint Systems Pte Ltd. | 32% | 27% | 24% | |||||||
Avnet, Inc. | 23% | 24% | 24% | |||||||
Answer Technology, Inc. | 12% | 19% | 18% | |||||||
Quarterly_Financial_Data
Quarterly Financial Data | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Quarterly Financial Data [Abstract] | ' | ||||||||||||
Quarterly Financial Data | ' | ||||||||||||
16. Quarterly Financial Data (unaudited) | |||||||||||||
(In thousands, except per share amounts) | |||||||||||||
Three Months Ended | |||||||||||||
March 31, | June 30, | September 30, | December 31, | ||||||||||
2013 | 2013 | 2013 | 2013 | ||||||||||
Net revenues | $ | 26,218 | $ | 26,850 | $ | 25,725 | $ | 25,697 | |||||
Gross profit | $ | 15,525 | $ | 15,073 | $ | 14,460 | $ | 14,073 | |||||
Income from continuing operations | $ | 2,699 | $ | 1,673 | $ | 1,985 | $ | 779 | |||||
Income (loss) from discontinued operations | $ | -57 | $ | - | $ | - | $ | 258 | |||||
Net Income | $ | 2,642 | $ | 1,673 | $ | 1,985 | $ | 1,037 | |||||
Basic income per share - continuing operations (1) | $ | 0.06 | $ | 0.04 | $ | 0.04 | $ | 0.02 | |||||
Basic income per share - discontinued operations (1) | $ | - | $ | - | $ | - | $ | 0.01 | |||||
Basic net income per share (1) | $ | 0.06 | $ | 0.04 | $ | 0.04 | $ | 0.03 | |||||
Diluted income per share - continuing operations (1) | $ | 0.06 | $ | 0.04 | $ | 0.04 | $ | 0.02 | |||||
Diluted income per share - discontinued operations (1) | $ | - | $ | - | $ | - | $ | 0.01 | |||||
Diluted net income per share (1) | $ | 0.06 | $ | 0.04 | $ | 0.04 | $ | 0.03 | |||||
Three Months Ended | |||||||||||||
March 31, | June 30, | September 30, | December 31, | ||||||||||
2012 | 2012 | 2012 | 2012 | ||||||||||
Net revenues | $ | 24,532 | $ | 25,437 | $ | 26,866 | $ | 23,413 | |||||
Gross profit | $ | 13,977 | $ | 15,067 | $ | 16,058 | $ | 13,684 | |||||
Loss from continuing operations | $ | -1,223 | $ | -484 | $ | -3,304 | $ | -190 | |||||
Loss from discontinued operations | $ | -6,218 | $ | -17,734 | $ | -3,013 | $ | -423 | |||||
Net loss | $ | -7,441 | $ | -18,218 | $ | -6,317 | $ | -613 | |||||
Basic loss per share - continuing operations (1) | $ | -0.03 | $ | -0.01 | $ | -0.07 | $ | - | |||||
Basic loss per share - discontinued operations (1) | $ | -0.14 | $ | -0.4 | $ | -0.07 | $ | -0.01 | |||||
Basic net loss per share (1) | $ | -0.17 | $ | -0.41 | $ | -0.14 | $ | -0.01 | |||||
Diluted loss per share - continuing operations (1) | $ | -0.03 | $ | -0.01 | $ | -0.07 | $ | - | |||||
Diluted loss per share - discontinued operations (1) | $ | -0.14 | $ | -0.4 | $ | -0.07 | $ | -0.01 | |||||
Diluted net loss per share (1) | $ | -0.17 | $ | -0.41 | $ | -0.14 | $ | -0.01 | |||||
-1 | The sum of per share amounts for the quarters does not necessarily equal that for the year due to rounding as the computations were made independently. | ||||||||||||
Schedule_IIValuation_And_Quali
Schedule II-Valuation And Qualifying Accounts | 12 Months Ended | |||||||||||||||
Dec. 31, 2013 | ||||||||||||||||
Schedule II-Valuation And Qualifying Accounts [Abstract] | ' | |||||||||||||||
Schedule II-Valuation And Qualifying Accounts | ' | |||||||||||||||
SCHEDULE II-VALUATION AND QUALIFYING ACCOUNTS | ||||||||||||||||
(in thousands) | ||||||||||||||||
Additions | Deductions | |||||||||||||||
Balance at | Charged to | Charged to | Amount | Balance at | ||||||||||||
Beginning of | Costs and | Other | Recovered | End of | ||||||||||||
Description | Period | Expenses | Accounts (1) | (Written off) | Period | |||||||||||
Year ended December 31, 2013: | ||||||||||||||||
Allowance for doubtful accounts | $ | 82 | $ | - | $ | - | $ | - | $ | 82 | ||||||
Allowance for returns | $ | 97 | $ | - | $ | 795 | $ | -836 | $ | 56 | ||||||
Allowance for ship and debits | $ | 1,921 | $ | - | $ | 8,139 | $ | -8,442 | $ | 1,618 | ||||||
Year ended December 31, 2012: | ||||||||||||||||
Allowance for doubtful accounts | $ | 82 | $ | - | $ | - | $ | - | $ | 82 | ||||||
Allowance for returns | $ | 128 | $ | - | $ | 58 | $ | -89 | $ | 97 | ||||||
Allowance for ship and debits | $ | 2,181 | $ | - | $ | 10,040 | $ | -10,300 | $ | 1,921 | ||||||
Year ended December 31, 2011: | ||||||||||||||||
Allowance for doubtful accounts | $ | 82 | $ | - | $ | - | $ | - | $ | 82 | ||||||
Allowance for returns | $ | 193 | $ | - | $ | 255 | $ | -320 | $ | 128 | ||||||
Allowance for ship and debits | $ | 1,357 | $ | - | $ | 9,650 | $ | -8,826 | $ | 2,181 | ||||||
Amounts charged to other accounts are recorded as a reduction of revenue. | ||||||||||||||||
Organization_And_Summary_Of_Si
Organization And Summary Of Significant Accounting Policies (Policy) | 12 Months Ended | |||||||||||
Dec. 31, 2013 | ||||||||||||
Organization And Summary Of Significant Accounting Policies [Abstract] | ' | |||||||||||
Basis Of Presentation | ' | |||||||||||
Basis of Presentation | ||||||||||||
The consolidated financial statements are prepared in accordance with accounting principles generally accepted in the United States and include the accounts of the Company and its wholly-owned subsidiaries in China, India, Japan, Korea, Singapore, Taiwan and the United Kingdom. All intercompany transactions and balances have been eliminated. | ||||||||||||
Cash And Cash Equivalents | ' | |||||||||||
Cash and Cash Equivalents | ||||||||||||
The Company considers all highly liquid investments purchased with an original maturity of three months or less to be cash equivalents. | ||||||||||||
Investments | ' | |||||||||||
Investments | ||||||||||||
At December 31, 2013, the Company’s securities consisted of certificates of deposits and debt securities. Management determines the appropriate classification of debt securities at the time of purchase and reevaluates such designation as of each balance sheet date. At December 31, 2013 and 2012, all debt securities were designated as available-for-sale. Available-for-sale securities are carried at fair value, based on quoted market prices or prices quoted in markets that are not active, with unrealized gains and losses reported in a separate component of stockholders' equity. The amortized cost of debt securities is adjusted for the amortization of premiums and the accretion of discounts to maturity both of which are included in interest income. Realized gains and losses are recorded on the specific identification method. | ||||||||||||
The accounting guidance for fair value measurements provided a framework for measuring fair value and expands related disclosures. Fair value is defined as the price that would be received for an asset or the exit price that would be paid to transfer a liability in the principal or most advantageous market in an orderly transaction between market participants on the measurement date. The guidance also established a hierarchy which requires an entity to maximize the use of observable inputs, when available. The guidance requires fair value measurement be classified and disclosed in one of the following three categories: | ||||||||||||
Level 1: Valuations based on quoted prices in active markets for identical assets and liabilities. The fair value of available-for-sale securities included in the level 1 category is based on quoted prices that are readily and regularly available in an active market. | ||||||||||||
Level 2: Valuations based on observable inputs (other than Level 1 prices), such as quoted prices for similar assets at the measurement date; quoted prices in markets that are not active; or other inputs that are observable, either directly or indirectly. The fair value of available-for-sale securities included in the Level 2 category is based upon quoted prices in markets that are not active and incorporate available trade, bid and other market information. | ||||||||||||
Level 3: Valuations based on inputs that are unobservable and involve management judgment and the reporting entity’s own assumptions about market participants and pricing. | ||||||||||||
Accounts Receivable And Allowance For Doubtful Accounts | ' | |||||||||||
Accounts Receivable and Allowance for Doubtful Accounts | ||||||||||||
Accounts receivable are recorded at the invoiced amount and do not bear interest. The allowance for doubtful accounts is the Company’s best estimate of the amount of probable credit losses in its existing accounts receivable. The Company determines the allowance based on historical write-off experience and customer economic data. The Company reviews its allowance for doubtful accounts monthly. Past due balances over 90 days are reviewed individually for collectability. Account balances are charged off against the allowance when the Company believes that it is probable the receivable will not be recovered. | ||||||||||||
Inventories | ' | |||||||||||
Inventories | ||||||||||||
Inventories are valued at the lower of cost (first-in, first-out method) or market (net realizable value). Inventories were as follows (in thousands): | ||||||||||||
December 31, | ||||||||||||
2013 | 2012 | |||||||||||
Work-in-process | $ | 5,561 | $ | 4,986 | ||||||||
Finished goods | 4,728 | 5,574 | ||||||||||
Total | $ | 10,289 | $ | 10,560 | ||||||||
The Company evaluates the need for potential inventory write downs by considering a combination of factors, including the life of the product, sales history, obsolescence, sales forecasts and expected sales prices. | ||||||||||||
Goodwill | ' | |||||||||||
Goodwill | ||||||||||||
Goodwill represents the excess of cost over the value of net assets of businesses acquired and is carried at cost unless write-downs for impairment are required. The Company’s goodwill as of December 31, 2013, is a result of the Oxford and Teranetics acquisition on January 2, 2009 and October 1, 2010, respectively, as adjusted for the 2012 divestiture of the PHY business and the 2011 divestiture of the UK design team. The Company evaluates the carrying value of goodwill on an annual basis during the fourth quarter and whenever events and changes in circumstances indicate that the carrying amount may not be recoverable. Such indicators would include a significant reduction in the Company's market capitalization, a decrease in operating results or a deterioration in the Company's financial position. The Company operates under a single reporting unit, and accordingly, all of its goodwill is associated with the entire company. In the fourth quarter of 2013 and 2012, the Company tested the carrying value of goodwill and determined there was no impairment. | ||||||||||||
Changes in the carrying amount of goodwill for the years ended December 31, 2013 and 2012 are as follows (in thousands): | ||||||||||||
December 31, | ||||||||||||
2013 | 2012 | |||||||||||
Goodwill | $ | 55,153 | $ | 56,030 | ||||||||
Accumulated impairment losses | -34,692 | -34,692 | ||||||||||
Net goodwill at beginning of period | 20,461 | 21,338 | ||||||||||
Goodwill adjustment for divestiture of PHY business | - | -877 | ||||||||||
Net goodwill at end of period | $ | 20,461 | $ | 20,461 | ||||||||
Long-lived Asset Impairment | ' | |||||||||||
Long-lived Asset Impairment | ||||||||||||
Long-lived assets, principally property and equipment, held and used by the Company are reviewed for impairment whenever events or circumstances indicate that the carrying amount of assets may not be recoverable. The Company evaluates recoverability of assets to be held and used by comparing the carrying amount of an asset to estimated future net undiscounted cash flows generated by the asset. If such assets are considered to be impaired, the impairment recognized is measured as the amount by which the carrying amount of the assets exceeds the fair value of the assets. | ||||||||||||
Property And Equipment | ' | |||||||||||
Property and Equipment | ||||||||||||
Property and equipment are stated at cost, less accumulated depreciation. Depreciation is computed using the straight-line method over the estimated useful lives of thirty nine years for buildings, three to eight years for building improvements and three to seven years for equipment, furniture and purchased software. | ||||||||||||
Property and equipment are as follows (in thousands): | ||||||||||||
December 31, | ||||||||||||
2013 | 2012 | |||||||||||
Land | $ | 3,150 | $ | 3,150 | ||||||||
Building and improvements | 4,327 | 4,327 | ||||||||||
Equipment and furniture | 15,888 | 14,955 | ||||||||||
Purchased software | 2,401 | 2,371 | ||||||||||
25,766 | 24,803 | |||||||||||
Accumulated depreciation | -15,433 | -13,536 | ||||||||||
Net property and equipment | $ | 10,333 | $ | 11,267 | ||||||||
Depreciation and amortization expense from continuing operations pertaining to property and equipment was approximately $2.0 million, $2.2 million and $2.4 million for the years ended December 31, 2013, 2012 and 2011, respectively. | ||||||||||||
Foreign Currency Translation | ' | |||||||||||
Foreign Currency Translation | ||||||||||||
The functional currency of the Company’s international subsidiaries in China, India, Japan, Korea Singapore, Taiwan and UK, is the local currency of the resident countries. Assets and liabilities of the Company’s foreign subsidiaries are translated into the Company’s reporting currency at month-end exchange rates. Revenues and expenses of the Company’s foreign subsidiaries are translated into the Company’s reporting currency at weighted-average exchange rates. The effects of the translation are included in a separate component of the Consolidated Statements of Stockholder’s Equity and Comprehensive Income (Loss). | ||||||||||||
Income Taxes | ' | |||||||||||
Income Taxes | ||||||||||||
Income taxes are accounted for using the asset and liability method. Under this method, deferred tax liabilities and assets are recognized for the expected future tax consequences of differences between the carrying amounts and the tax bases of assets and liabilities. A valuation allowance is provided when it is more likely than not that all or some portion of deferred tax assets will not be realized. | ||||||||||||
The Company recognizes the tax liability for uncertain income tax positions on the income tax return based on the two-step process. The first step is to determine whether it is more likely than not that each income tax position would be sustained upon audit. The second step is to estimate and measure the tax benefit as the amount that has a greater than 50% likelihood of being realized upon ultimate settlement with the tax authority. Estimating these amounts requires the Company to determine the probability of various possible outcomes. The Company evaluates these uncertain tax positions on a quarterly basis. This evaluation is based on the consideration of several factors including changes in facts or circumstances, changes in applicable tax law, settlement of issues under audit and new exposures. If the Company later determines that the exposure is lower or that the liability is not sufficient to cover its revised expectations, the Company adjusts the liability and effect a related change in its tax provision during the period in which the Company makes such determination. | ||||||||||||
Revenue Recognition | ' | |||||||||||
Revenue Recognition | ||||||||||||
The Company recognizes revenue when persuasive evidence of an arrangement exists, delivery has occurred, the sales price is fixed or determinable and collection is reasonably assured. | ||||||||||||
Revenue from product sales to direct customers and distributors is recognized upon shipment and transfer of risk of loss, if the Company believes collection is reasonably assured and all other revenue recognition criteria are met. The Company assesses the probability of collection based on a number of factors, including past transaction history and the customer’s creditworthiness. At the end of each reporting period, the sufficiency of allowances is assessed based on the age of the receivable and the individual customer’s creditworthiness. | ||||||||||||
The Company offers pricing protection to two distributors whereby the Company supports the distributor’s resale product margin on certain products held in the distributor’s inventory. The Company analyzes current requests for credit in process, also known as ship and debits, historical rates and amounts of credits issued and inventory at the distributor to determine the ending sales reserve required for this program. The Company also offers stock rotation rights to two distributors such that they can return up to a total of 5% of products purchased every six months in exchange for other PLX products of equal value. The Company analyzes current stock rotation requests, past experience and ending inventory to determine the ending sales reserve required for this program. As of December 31, 2013 and 2012, the Company had a reserve allowance for these programs of $1.8 million and $2.1 million, respectively. Provisions for reserves are charged directly against revenue and related reserves are recorded as a reduction to accounts receivable. | ||||||||||||
Product Warranty | ' | |||||||||||
Product Warranty | ||||||||||||
The Company sells products with a limited warranty of product quality for a period of one year, and up to three years for a small number of customers, and a limited indemnification of customers against intellectual property infringement claims related to the Company’s products. The Company accrues for known warranty and indemnification issues if a loss is probable and can be reasonably estimated, and accrues for estimated incurred but unidentified issues based on historical activity. | ||||||||||||
Use Of Estimates | ' | |||||||||||
Use of Estimates | ||||||||||||
The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and 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 periods. Actual results could differ from those estimates and such differences may be material to the consolidated financial statements. | ||||||||||||
Comprehensive Loss | ' | |||||||||||
Comprehensive Income (Loss) | ||||||||||||
The changes in the components of accumulated other comprehensive loss, net of tax, reflected in the Consolidated Statements of Stockholders' Equity and Comprehensive Income (Loss), consisted of the following (in thousands): | ||||||||||||
Year Ended December 31, 2013 | ||||||||||||
Unrealized gain (loss) | Foreign currency | |||||||||||
on marketable securities | translation adjustments | Total | ||||||||||
Balance at January 1, 2013 | $ | 1 | $ | -227 | $ | -226 | ||||||
Other comprehensive loss before reclassifications | -2 | -49 | -51 | |||||||||
Balance at December 31, 2013 | $ | -1 | $ | -276 | $ | -277 | ||||||
There were no amounts reclassified from accumulated other comprehensive loss in 2013. | ||||||||||||
Year Ended December 31, 2012 | ||||||||||||
Unrealized gain (loss) | Foreign currency | |||||||||||
on marketable securities | translation adjustments | Total | ||||||||||
Balance at January 1, 2012 | $ | 9 | $ | -156 | $ | -147 | ||||||
Other comprehensive loss before reclassifications | -4 | -71 | -75 | |||||||||
Amount reclassified from AOCI | -4 | - | -4 | |||||||||
Balance at December 31, 2012 | $ | 1 | $ | -227 | $ | -226 | ||||||
Year Ended December 31, 2011 | ||||||||||||
Unrealized gain (loss) | Foreign currency | |||||||||||
on marketable securities | translation adjustments | Total | ||||||||||
Balance at January 1, 2011 | $ | -6 | $ | -142 | $ | -148 | ||||||
Other comprehensive income (loss) before reclassifications | 19 | -67 | -48 | |||||||||
Amount reclassified from AOCI | -4 | 53 | 49 | |||||||||
Balance at December 31, 2011 | $ | 9 | $ | -156 | $ | -147 | ||||||
The following table presents the classification and amount of the reclassifications from accumulated other comprehensive loss to the consolidated statement of operations (in thousands): | ||||||||||||
Years Ended December 31, | Statement of Operations | |||||||||||
2013 | 2012 | 2011 | Location | |||||||||
Unrealized gain (loss) on marketable securities | $ | - | $ | 4 | $ | 4 | Other income (expense), net | |||||
Foreign currency translation adjustments | - | - | -53 | Other income (expense), net | ||||||||
$ | - | $ | 4 | $ | -49 | Net income (loss) | ||||||
Recent Accounting Pronouncements | ' | |||||||||||
Recent Accounting Pronouncements | ||||||||||||
In February 2013, the FASB issued amendments to the accounting guidance for presentation of comprehensive income to improve the reporting of reclassifications out of accumulated other comprehensive income. The amendments do not change the current requirements for reporting net income or other comprehensive income, but do require an entity to provide information about the amounts reclassified out of accumulated other comprehensive income by component. In addition, an entity is required to present, either on the face of the statement where the net income is presented or in the notes, significant amounts reclassified out of accumulated other comprehensive income by the respective line items of net income but only if the amount reclassified is required under GAAP to be reclassified to net income in its entirety in the same reporting period. For other amounts that are not required under GAAP to be reclassified in their entirety to net income, an entity is required to cross-reference to other disclosures required under GAAP that provide additional detail about these amounts. For public companies, these amendments are effective prospectively for reporting periods beginning after December 15, 2012. Other than a change in presentation, the adoption of this guidance did not have a material impact on the Company’s consolidated financial statements. | ||||||||||||
In July 2013, the FASB issued guidance to address the diversity in practice related to the financial statement presentation of unrecognized tax benefits as either a reduction of a deferred tax asset or a liability when a net operating loss carryforward, a similar tax loss or a tax credit carryforward exists. This guidance is effective prospectively for fiscal years, and interim periods within those years, beginning after December 15, 2013. The adoption of this guidance is not expected to have a material impact on the Company’s consolidated financial statements. | ||||||||||||
Organization_And_Summary_Of_Si1
Organization And Summary Of Significant Accounting Policies (Tables) | 12 Months Ended | |||||||||
Dec. 31, 2013 | ||||||||||
Organization And Summary Of Significant Accounting Policies [Abstract] | ' | |||||||||
Summary of changes in Accumulated Other Comprehensive Income (Loss) | ' | |||||||||
Year Ended December 31, 2013 | ||||||||||
Unrealized gain (loss) | Foreign currency | |||||||||
on marketable securities | translation adjustments | Total | ||||||||
Balance at January 1, 2013 | $ | 1 | $ | -227 | $ | -226 | ||||
Other comprehensive loss before reclassifications | -2 | -49 | -51 | |||||||
Balance at December 31, 2013 | $ | -1 | $ | -276 | $ | -277 | ||||
There were no amounts reclassified from accumulated other comprehensive loss in 2013. | ||||||||||
Year Ended December 31, 2012 | ||||||||||
Unrealized gain (loss) | Foreign currency | |||||||||
on marketable securities | translation adjustments | Total | ||||||||
Balance at January 1, 2012 | $ | 9 | $ | -156 | $ | -147 | ||||
Other comprehensive loss before reclassifications | -4 | -71 | -75 | |||||||
Amount reclassified from AOCI | -4 | - | -4 | |||||||
Balance at December 31, 2012 | $ | 1 | $ | -227 | $ | -226 | ||||
Year Ended December 31, 2011 | ||||||||||
Unrealized gain (loss) | Foreign currency | |||||||||
on marketable securities | translation adjustments | Total | ||||||||
Balance at January 1, 2011 | $ | -6 | $ | -142 | $ | -148 | ||||
Other comprehensive income (loss) before reclassifications | 19 | -67 | -48 | |||||||
Amount reclassified from AOCI | -4 | 53 | 49 | |||||||
Balance at December 31, 2011 | $ | 9 | $ | -156 | $ | -147 | ||||
Schedule Of Inventories | ' | |||||||||
December 31, | ||||||||||
2013 | 2012 | |||||||||
Work-in-process | $ | 5,561 | $ | 4,986 | ||||||
Finished goods | 4,728 | 5,574 | ||||||||
Total | $ | 10,289 | $ | 10,560 | ||||||
Schedule Of Goodwill | ' | |||||||||
December 31, | ||||||||||
2013 | 2012 | |||||||||
Goodwill | $ | 55,153 | $ | 56,030 | ||||||
Accumulated impairment losses | -34,692 | -34,692 | ||||||||
Net goodwill at beginning of period | 20,461 | 21,338 | ||||||||
Goodwill adjustment for divestiture of PHY business | - | -877 | ||||||||
Net goodwill at end of period | $ | 20,461 | $ | 20,461 | ||||||
Schedule of Goodwill [Table Text Block] | ' | |||||||||
December 31, | ||||||||||
2013 | 2012 | |||||||||
Goodwill | $ | 55,153 | $ | 56,030 | ||||||
Accumulated impairment losses | -34,692 | -34,692 | ||||||||
Net goodwill at beginning of period | 20,461 | 21,338 | ||||||||
Goodwill adjustment for divestiture of PHY business | - | -877 | ||||||||
Net goodwill at end of period | $ | 20,461 | $ | 20,461 | ||||||
Schedule Of Property And Equipment | ' | |||||||||
December 31, | ||||||||||
2013 | 2012 | |||||||||
Land | $ | 3,150 | $ | 3,150 | ||||||
Building and improvements | 4,327 | 4,327 | ||||||||
Equipment and furniture | 15,888 | 14,955 | ||||||||
Purchased software | 2,401 | 2,371 | ||||||||
25,766 | 24,803 | |||||||||
Accumulated depreciation | -15,433 | -13,536 | ||||||||
Net property and equipment | $ | 10,333 | $ | 11,267 | ||||||
Property, Plant and Equipment [Table Text Block] | ' | |||||||||
December 31, | ||||||||||
2013 | 2012 | |||||||||
Land | $ | 3,150 | $ | 3,150 | ||||||
Building and improvements | 4,327 | 4,327 | ||||||||
Equipment and furniture | 15,888 | 14,955 | ||||||||
Purchased software | 2,401 | 2,371 | ||||||||
25,766 | 24,803 | |||||||||
Accumulated depreciation | -15,433 | -13,536 | ||||||||
Net property and equipment | $ | 10,333 | $ | 11,267 | ||||||
ShareBased_Compensation_Tables
Share-Based Compensation (Tables) | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Share-Based Compensation [Abstract] | ' | ||||||||||||
Schedule Of Weighted-Average Fair Value Calculations Based On Weighted Average Assumptions | ' | ||||||||||||
Years Ended December 31, | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Expected volatility | 57.94% | 62.90% | 61.34% | ||||||||||
Expected life (in years) | 4.34 | 4.35 | 4.32 | ||||||||||
Risk-free interest rate | 1.13% | 0.68% | 1.21% | ||||||||||
Schedule Of Share-Based Compensation And Employee Stock Ownership Plan Expenses | ' | ||||||||||||
Years Ended December 31, | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Cost of revenues | $ | 12 | $ | 147 | $ | 47 | |||||||
Research and development | 788 | 1,007 | 485 | ||||||||||
Selling, general and administrative | 1,952 | 1,739 | 1,138 | ||||||||||
Discontinued operations (1) | -54 | 251 | 660 | ||||||||||
Total share-based compensation expense | $ | 2,698 | $ | 3,144 | $ | 2,330 | |||||||
(1) Recorded in loss from discontinued operations in the Consolidated Statement of Operations. | |||||||||||||
Summary Of Stock Option Activity | ' | ||||||||||||
Weighted Average | |||||||||||||
Remaining | Aggregate | ||||||||||||
Number of | Weighted Average | Contractual Term | Intrinsic | ||||||||||
Options | Shares | Exercise Price | (in years) | Value (1) | |||||||||
Outstanding at December 31, 2010 | 4,202,653 | $ | 4.34 | 5.06 | $ | 2,314,975 | |||||||
Granted | 1,484,500 | 3.44 | |||||||||||
Exercised | -196,747 | 1.84 | |||||||||||
Cancelled | -888,039 | 4.35 | |||||||||||
Outstanding at December 31, 2011 | 4,602,367 | 4.15 | 4.61 | $ | 872,567 | ||||||||
Granted | 1,066,000 | 4.38 | |||||||||||
Exercised | -372,444 | 3.29 | |||||||||||
Cancelled | -1,083,371 | 4.86 | |||||||||||
Outstanding at December 31, 2012 | 4,212,552 | 4.11 | 3.93 | $ | 1,751,614 | ||||||||
Granted | 1,292,000 | 4.78 | |||||||||||
Exercised | -534,921 | 3.51 | |||||||||||
Cancelled | -317,068 | 5.62 | |||||||||||
Outstanding at December 31, 2013 | 4,652,563 | 4.26 | 4.09 | $ | 11,427,206 | ||||||||
Exercisable at December 31, 2013 | 2,870,905 | $ | 4.16 | 3.12 | $ | 7,570,994 | |||||||
Summary Of Ranges Of Outstanding And Exercisable Options | ' | ||||||||||||
Options Outstanding | Options Exercisable | ||||||||||||
Weighted Average | |||||||||||||
Remaining | Weighted | Weighted | |||||||||||
Range of | Contractual Term | Average | Average | ||||||||||
Exercise Price | Number | (in years) | Exercise Price | Number | Exercise Price | ||||||||
$1.80-$2.69 | 947,091 | 2.36 | $ | 2.11 | 882,231 | $ | 2.07 | ||||||
$2.70-$4.10 | 1,356,291 | 4.42 | 3.82 | 817,860 | 3.75 | ||||||||
$4.11-$4.55 | 966,000 | 6.15 | 4.54 | 114,000 | 4.53 | ||||||||
$4.56-$6.46 | 1,010,457 | 4.09 | 5.12 | 749,805 | 5.19 | ||||||||
$6.47-$15.58 | 372,724 | 2 | 8.26 | 307,009 | 8.61 | ||||||||
Total | 4,652,563 | 4.09 | $ | 4.26 | 2,870,905 | $ | 4.16 | ||||||
Summary Of Activity For Nonvested Restricted Stock Units | ' | ||||||||||||
Nonvested Restricted Stock Units | |||||||||||||
Number of | Weighted Average | ||||||||||||
Shares | Grant-Date Fair Value | ||||||||||||
31-Dec-11 | - | $ | - | ||||||||||
Granted | 301,000 | 6.27 | |||||||||||
Vested | -33,500 | 6.46 | |||||||||||
Cancelled | -27,400 | 6.66 | |||||||||||
31-Dec-12 | 240,100 | 6.20 | |||||||||||
Vested | -240,100 | 6.20 | |||||||||||
31-Dec-13 | - | $ | - | ||||||||||
Net_Income_Loss_Per_Share_Tabl
Net Income (Loss) Per Share (Tables) | 12 Months Ended | |||||||||
Dec. 31, 2013 | ||||||||||
Net Income (Loss) Per Share [Abstract] | ' | |||||||||
Computation Of Basic And Diluted Net Income (Loss) Per Share | ' | |||||||||
Years Ended December 31, | ||||||||||
2013 | 2012 | 2011 | ||||||||
Income (loss) from continuing operations | $ | 7,136 | $ | -5,201 | $ | 3,104 | ||||
Weighted average shares outstanding - basic | 45,603 | 44,882 | 44,559 | |||||||
Dilutive effect of stock options and RSUs | 920 | - | 457 | |||||||
Weighted average shares outstanding - diluted | 46,523 | 44,882 | 45,016 | |||||||
Basic income (loss) per share from continuing operations | $ | 0.16 | $ | -0.12 | $ | 0.07 | ||||
Diluted income (loss) per share from continuing operations | $ | 0.15 | $ | -0.12 | $ | 0.07 | ||||
Financial_Instruments_Tables
Financial Instruments (Tables) | 12 Months Ended | ||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||
Financial Instruments [Abstract] | ' | ||||||||||||||||||
Schedule Of Fair Value Of Financial Assets And Liabilities Measured On Recurring Basis | ' | ||||||||||||||||||
Fair Value Measurement as Reporting Date Using | |||||||||||||||||||
Quoted Prices in Active Markets | Significant Other | Significant | |||||||||||||||||
for Identical Assets or Liabilities | Observable Inputs | Unobservable Inputs | |||||||||||||||||
31-Dec-13 | (Level 1) | (Level 2) | (Level 3) | ||||||||||||||||
Assets: | |||||||||||||||||||
Money market funds | $ | 1 | $ | 1 | $ | - | $ | - | |||||||||||
Certificate of deposit | 7,555 | - | 7,555 | - | |||||||||||||||
Marketable securities | 2,716 | - | 2,716 | - | |||||||||||||||
Total | $ | 10,272 | $ | 1 | $ | 10,271 | $ | - | |||||||||||
Fair Value Measurement as Reporting Date Using | |||||||||||||||||||
Quoted Prices in Active Markets | Significant Other | Significant | |||||||||||||||||
for Identical Assets or Liabilities | Observable Inputs | Unobservable Inputs | |||||||||||||||||
31-Dec-12 | (Level 1) | (Level 2) | (Level 3) | ||||||||||||||||
Assets: | |||||||||||||||||||
Money market funds | $ | 1,809 | $ | 1,809 | $ | - | $ | - | |||||||||||
Certificate of deposit | 2,707 | - | 2,707 | - | |||||||||||||||
Marketable securities | 1,259 | - | 1,259 | - | |||||||||||||||
Escrow Receivable | 1,600 | - | - | 1,600 | |||||||||||||||
Total | $ | 7,375 | $ | 1,809 | $ | 3,966 | $ | 1,600 | |||||||||||
Schedule Of Fair Value Of Available-For-Sale Investments | ' | ||||||||||||||||||
31-Dec-13 | |||||||||||||||||||
Amortized | Unrealized | Unrealized | Estimated | ||||||||||||||||
Cost | Gain | Loss | Fair Value | ||||||||||||||||
Certificate of deposit | $ | 7,557 | $ | - | $ | -2 | $ | 7,555 | |||||||||||
Marketable securities: | |||||||||||||||||||
Municipal bonds | 2,125 | 1 | - | 2,126 | |||||||||||||||
US treasury and government agencies securities | 590 | - | - | 590 | |||||||||||||||
Total | $ | 10,272 | $ | 1 | $ | -2 | $ | 10,271 | |||||||||||
Less amounts classified as cash equivalents | -868 | ||||||||||||||||||
Total short and long-term available-for-sale investments | $ | 9,403 | |||||||||||||||||
Contractual maturity dates for investments: | |||||||||||||||||||
Less than one year: | 8,295 | ||||||||||||||||||
One to two years: | 1,108 | ||||||||||||||||||
$ | 9,403 | ||||||||||||||||||
31-Dec-12 | |||||||||||||||||||
Amortized | Unrealized | Unrealized | Estimated | ||||||||||||||||
Cost | Gain | Loss | Fair Value | ||||||||||||||||
Certificate of deposit | $ | 2,707 | $ | - | $ | - | $ | 2,707 | |||||||||||
Marketable securities: | |||||||||||||||||||
Corporate bonds and notes | 278 | - | - | 278 | |||||||||||||||
Municipal bonds | 981 | - | - | 981 | |||||||||||||||
Total | $ | 3,966 | $ | - | $ | - | $ | 3,966 | |||||||||||
Less amounts classified as cash equivalents | -1,928 | ||||||||||||||||||
Total short and long-term available-for-sale investments | $ | 2,038 | |||||||||||||||||
Contractual maturity dates for investments: | |||||||||||||||||||
Less than one year: | 1,787 | ||||||||||||||||||
One to two years: | 251 | ||||||||||||||||||
$ | 2,038 | ||||||||||||||||||
Schedule Of Gross unrealized Losses And Fair Value For Investments | ' | ||||||||||||||||||
31-Dec-13 | |||||||||||||||||||
Less than 12 Months | 12 months or Greater | Total | |||||||||||||||||
Fair Value | Unrealized Loss | Fair Value | Unrealized Loss | Fair Value | Unrealized Loss | ||||||||||||||
Certificate of deposit | $ | 1,956 | $ | -2 | $ | - | $ | - | $ | 1,956 | $ | -2 | |||||||
Total | $ | 1,956 | $ | -2 | $ | - | $ | - | $ | 1,956 | $ | -2 | |||||||
Concentrations_Of_Credit_Custo1
Concentrations Of Credit, Customer And Supplier Risk (Tables) | 12 Months Ended | |||||||||
Dec. 31, 2013 | ||||||||||
Concentrations Of Credit, Customer And Supplier Risk [Abstract] | ' | |||||||||
Schedule Of Percentage Of Total Accounts Receivable Balance Accounted To Customers | ' | |||||||||
December 31, | ||||||||||
2013 | 2012 | 2011 | ||||||||
Excelpoint Systems Pte Ltd. | 26% | 30% | 27% | |||||||
Answer Technology, Inc. | 21% | 19% | 12% | |||||||
Avnet, Inc. | * | 21% | 28% | |||||||
Schedule Of Percentage Of Net Revenues Accounted As Sales To Distributors | ' | |||||||||
Years Ended December 31, | ||||||||||
2013 | 2012 | 2011 | ||||||||
Excelpoint Systems Pte Ltd. | 32% | 27% | 24% | |||||||
Avnet, Inc. | 23% | 24% | 24% | |||||||
Answer Technology, Inc. | 12% | 19% | 18% | |||||||
Discontinued_Operation_Tables
Discontinued Operation (Tables) | 12 Months Ended | |||||||||
Dec. 31, 2013 | ||||||||||
Discontinued Operation [Abstract] | ' | |||||||||
Components Of Gain On Sale Of A Business | ' | |||||||||
Years Ended December 31, | ||||||||||
2013 | 2012 | |||||||||
Cash proceeds from sale (including fair value amount held escrow) | $ | - | $ | 12,000 | ||||||
Amount received in excess of escrow fair value | 334 | - | ||||||||
Less carrying value of assets transferred and asset write-offs: | ||||||||||
Inventory transferred | - | -1,254 | ||||||||
Fixed assets transferred | - | -631 | ||||||||
Intangible assets write-off | - | -5,783 | ||||||||
Goodwill write-off | - | -877 | ||||||||
Other adjustments | -37 | -5 | ||||||||
Total gain on disposal | $ | 297 | $ | 3,450 | ||||||
Summary Of Financial Information Included In Net Loss From Discontinued Operations | ' | |||||||||
Years Ended December 31, | ||||||||||
2013 | 2012 | 2011 | ||||||||
in thousands | ||||||||||
Revenues | $ | - | $ | 2,947 | $ | 4,637 | ||||
Gain on disposal | 297 | 3,450 | - | |||||||
Income (loss) before income taxes | 240 | -27,476 | -30,531 | |||||||
Provision (benefit) from income taxes | 39 | -88 | -2,604 | |||||||
Income (loss) from discontinued operations | $ | 201 | $ | -27,388 | $ | -27,927 | ||||
Acquisition_And_Restructuring_
Acquisition And Restructuring Costs (Tables) | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Restructuring Cost and Reserve [Line Items] | ' | ||||||||||||||||
Schedule Of Acquisition and Restructuring Costs | ' | ||||||||||||||||
Years Ended December 31, | |||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||
in thousands | |||||||||||||||||
Deal costs | $ | 12 | $ | 6,898 | $ | 88 | |||||||||||
Escrow claim settlement | - | - | -1,397 | ||||||||||||||
Severance costs | 279 | - | 501 | ||||||||||||||
Lease commitment accrual | - | - | 301 | ||||||||||||||
$ | 291 | $ | 6,898 | $ | -507 | ||||||||||||
Severance [Member] | ' | ||||||||||||||||
Restructuring Cost and Reserve [Line Items] | ' | ||||||||||||||||
Summary Of Restructuring | ' | ||||||||||||||||
December 31, | |||||||||||||||||
2013 | 2012 | ||||||||||||||||
Liability at beginning of year | $ | 315 | $ | - | |||||||||||||
Continuing operations expense | 279 | - | |||||||||||||||
Discontinued operations expense (1) | - | 592 | |||||||||||||||
Cash payments | -594 | -277 | |||||||||||||||
Liability at end of year | $ | - | $ | 315 | |||||||||||||
-1 | Recorded in loss from discontinued operations in the Consolidated Statement of Operations. Severance related to the termination of 14 employees and 4 contractors in connection with the sale of the PHY business. | ||||||||||||||||
Income_Taxes_Tables
Income Taxes (Tables) | 12 Months Ended | |||||||||
Dec. 31, 2013 | ||||||||||
Income Taxes [Abstract] | ' | |||||||||
Schedule Of Income Before Taxes By Jurisdiction | ' | |||||||||
Years Ended December 31, | ||||||||||
2013 | 2012 | 2011 | ||||||||
United States | $ | 5,133 | $ | -8,510 | $ | 8,718 | ||||
Foreign | 2,232 | 3,545 | -2,863 | |||||||
Income (loss) before income tax provision | $ | 7,365 | $ | -4,965 | $ | 5,855 | ||||
Schedule Of Provision (Benefit) For Income Taxes | ' | |||||||||
Years Ended December 31, | ||||||||||
2013 | 2012 | 2011 | ||||||||
Federal: | ||||||||||
Current | $ | 153 | $ | 146 | $ | 2,699 | ||||
153 | 146 | 2,699 | ||||||||
State: | ||||||||||
Current | 41 | 20 | 5 | |||||||
41 | 20 | 5 | ||||||||
Foreign: | ||||||||||
Current | 35 | 70 | 47 | |||||||
35 | 70 | 47 | ||||||||
Total | $ | 229 | $ | 236 | $ | 2,751 | ||||
Schedule Of Effective Income Amount Reconciliation | ' | |||||||||
Years Ended December 31, | ||||||||||
2013 | 2012 | 2011 | ||||||||
Tax provision (benefit) at the U.S. statutory rate | $ | 2,578 | $ | -1,740 | $ | 2,340 | ||||
State taxes (net of federal benefit) | 41 | 15 | 12 | |||||||
Research and development credit | -1,289 | -2,982 | -1,137 | |||||||
Change in valuation allowance | -431 | 6,147 | 274 | |||||||
Foreign rate differential | -726 | -1,171 | 1,037 | |||||||
Other individually immaterial items | 56 | -33 | 225 | |||||||
$ | 229 | $ | 236 | $ | 2,751 | |||||
Schedule Of Deferred Tax Assets And Liabilities | ' | |||||||||
December 31, | ||||||||||
2013 | 2012 | |||||||||
Deferred tax assets: | ||||||||||
Accrued expenses and reserves | $ | 4,175 | $ | 3,566 | ||||||
Net operating loss carryforwards | 37,159 | 39,298 | ||||||||
Research and development credits | 18,950 | 17,297 | ||||||||
Depreciation | 1,136 | 1,723 | ||||||||
Share-based compensation | 5,870 | 5,673 | ||||||||
Other | -117 | 114 | ||||||||
Gross deferred tax assets: | 67,173 | 67,671 | ||||||||
Valuation Allowance | -67,173 | -67,021 | ||||||||
- | 650 | |||||||||
Deferred tax liabilities: | ||||||||||
Acquisition related intangibles | - | -650 | ||||||||
Total net deferred tax assets | $ | - | $ | - | ||||||
Schedule Of Unrecognized Tax Benefits | ' | |||||||||
Years Ended December 31, | ||||||||||
2013 | 2012 | 2011 | ||||||||
Unrecognized tax benefits balance, beginning of period | $ | 5,429 | $ | 4,401 | $ | 4,038 | ||||
Gross increase for tax positions for prior year | 58 | 553 | - | |||||||
Gross increase for tax positions for current year | 373 | 475 | 363 | |||||||
Unrecognized tax benefits balance, end of period | $ | 5,860 | $ | 5,429 | $ | 4,401 | ||||
Commitments_And_Contingencies_
Commitments And Contingencies (Tables) | 12 Months Ended | |||||||||
Dec. 31, 2013 | ||||||||||
Commitments And Contingencies [Abstract] | ' | |||||||||
Schedule of Future Minimum Lease Payments | ' | |||||||||
Facility and | ||||||||||
Equipment | Software | Total | ||||||||
2014 | $ | 236 | $ | 2,966 | $ | 3,202 | ||||
2015 | 111 | 805 | 916 | |||||||
2016 | 32 | 12 | 44 | |||||||
Total | $ | 379 | $ | 3,783 | $ | 4,162 | ||||
Schedule Of Changes In Sales Warranty Reserve | ' | |||||||||
Years Ended December 31, | ||||||||||
2013 | 2012 | 2011 | ||||||||
Balance, beginning of period | $ | 254 | $ | 96 | $ | 120 | ||||
Warranty costs incurred | -323 | -336 | -252 | |||||||
Additions related to current period sales | 300 | 494 | 228 | |||||||
Balance, end of period | $ | 231 | $ | 254 | $ | 96 | ||||
Segments_Of_An_Enterprise_And_1
Segments Of An Enterprise And Related Information (Tables) | 12 Months Ended | |||||||||
Dec. 31, 2013 | ||||||||||
Segments Of An Enterprise And Related Information [Abstract] | ' | |||||||||
Schedule Of Revenues By Geographic Region Based On Customer Location | ' | |||||||||
Years Ended December 31, | ||||||||||
2013 | 2012 | 2011 | ||||||||
Revenues: | ||||||||||
China | $ | 29,454 | $ | 27,026 | $ | 26,740 | ||||
United States | 21,222 | 15,639 | 22,088 | |||||||
Singapore | 17,290 | 13,432 | 13,312 | |||||||
Taiwan | 16,980 | 22,682 | 25,379 | |||||||
Other Asia Pacific | 9,434 | 7,959 | 9,762 | |||||||
Germany | 8,516 | 11,575 | 11,765 | |||||||
Europe, Middle East and Africa | 1,169 | 1,491 | 1,958 | |||||||
The Americas - excluding United States | 425 | 444 | 148 | |||||||
Total | $ | 104,490 | $ | 100,248 | $ | 111,152 | ||||
Schedule Of Revenues By Type | ' | |||||||||
Years Ended December 31, | ||||||||||
2013 | 2012 | 2011 | ||||||||
Revenues: | ||||||||||
PCI Express | $ | 75,582 | $ | 66,780 | $ | 61,557 | ||||
Connectivity | 28,908 | 33,468 | 49,595 | |||||||
Total | $ | 104,490 | $ | 100,248 | $ | 111,152 | ||||
Schedule Of Percentage Of Net Revenues Accounted As Sales To Distributors | ' | |||||||||
Years Ended December 31, | ||||||||||
2013 | 2012 | 2011 | ||||||||
Excelpoint Systems Pte Ltd. | 32% | 27% | 24% | |||||||
Avnet, Inc. | 23% | 24% | 24% | |||||||
Answer Technology, Inc. | 12% | 19% | 18% | |||||||
Quarterly_Financial_Data_Table
Quarterly Financial Data (Tables) | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Quarterly Financial Data [Abstract] | ' | ||||||||||||
Schedule Of Quarterly Financial Data | ' | ||||||||||||
Three Months Ended | |||||||||||||
March 31, | June 30, | September 30, | December 31, | ||||||||||
2013 | 2013 | 2013 | 2013 | ||||||||||
Net revenues | $ | 26,218 | $ | 26,850 | $ | 25,725 | $ | 25,697 | |||||
Gross profit | $ | 15,525 | $ | 15,073 | $ | 14,460 | $ | 14,073 | |||||
Income from continuing operations | $ | 2,699 | $ | 1,673 | $ | 1,985 | $ | 779 | |||||
Income (loss) from discontinued operations | $ | -57 | $ | - | $ | - | $ | 258 | |||||
Net Income | $ | 2,642 | $ | 1,673 | $ | 1,985 | $ | 1,037 | |||||
Basic income per share - continuing operations (1) | $ | 0.06 | $ | 0.04 | $ | 0.04 | $ | 0.02 | |||||
Basic income per share - discontinued operations (1) | $ | - | $ | - | $ | - | $ | 0.01 | |||||
Basic net income per share (1) | $ | 0.06 | $ | 0.04 | $ | 0.04 | $ | 0.03 | |||||
Diluted income per share - continuing operations (1) | $ | 0.06 | $ | 0.04 | $ | 0.04 | $ | 0.02 | |||||
Diluted income per share - discontinued operations (1) | $ | - | $ | - | $ | - | $ | 0.01 | |||||
Diluted net income per share (1) | $ | 0.06 | $ | 0.04 | $ | 0.04 | $ | 0.03 | |||||
Three Months Ended | |||||||||||||
March 31, | June 30, | September 30, | December 31, | ||||||||||
2012 | 2012 | 2012 | 2012 | ||||||||||
Net revenues | $ | 24,532 | $ | 25,437 | $ | 26,866 | $ | 23,413 | |||||
Gross profit | $ | 13,977 | $ | 15,067 | $ | 16,058 | $ | 13,684 | |||||
Loss from continuing operations | $ | -1,223 | $ | -484 | $ | -3,304 | $ | -190 | |||||
Loss from discontinued operations | $ | -6,218 | $ | -17,734 | $ | -3,013 | $ | -423 | |||||
Net loss | $ | -7,441 | $ | -18,218 | $ | -6,317 | $ | -613 | |||||
Basic loss per share - continuing operations (1) | $ | -0.03 | $ | -0.01 | $ | -0.07 | $ | - | |||||
Basic loss per share - discontinued operations (1) | $ | -0.14 | $ | -0.4 | $ | -0.07 | $ | -0.01 | |||||
Basic net loss per share (1) | $ | -0.17 | $ | -0.41 | $ | -0.14 | $ | -0.01 | |||||
Diluted loss per share - continuing operations (1) | $ | -0.03 | $ | -0.01 | $ | -0.07 | $ | - | |||||
Diluted loss per share - discontinued operations (1) | $ | -0.14 | $ | -0.4 | $ | -0.07 | $ | -0.01 | |||||
Diluted net loss per share (1) | $ | -0.17 | $ | -0.41 | $ | -0.14 | $ | -0.01 | |||||
-1 | The sum of per share amounts for the quarters does not necessarily equal that for the year due to rounding as the computations were made independently. | ||||||||||||
Organization_And_Summary_Of_Si2
Organization And Summary Of Significant Accounting Policies (Narrative) (Details) (USD $) | 9 Months Ended | 12 Months Ended | 12 Months Ended | 0 Months Ended | 12 Months Ended | 0 Months Ended | 12 Months Ended | ||||||||||
In Thousands, except Share data, unless otherwise specified | Sep. 30, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Apr. 30, 2012 | Dec. 31, 2013 | Oct. 21, 2011 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Oct. 21, 2011 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Buildings [Member] | Maximum [Member] | Maximum [Member] | Maximum [Member] | Maximum [Member] | Minimum [Member] | Minimum [Member] | Minimum [Member] | Minimum [Member] | Continuing Operations [Member] | Continuing Operations [Member] | Continuing Operations [Member] | ||||||
Building Improvements [Member] | Equipment, Furniture And Purchased Software [Member] | Building Improvements [Member] | Equipment, Furniture And Purchased Software [Member] | ||||||||||||||
Property, Plant and Equipment [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Proposed cash to be paid per share | ' | ' | ' | ' | $3.50 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Proposed number of shares of IDT stock offered per common stock | ' | ' | ' | ' | 0.525 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Useful life of intangibles | '5 years | ' | ' | '4 years | ' | ' | '5 years | ' | ' | ' | '4 years | ' | ' | ' | ' | ' | ' |
Estimated useful life | ' | ' | ' | ' | ' | '39 years | ' | ' | '8 years | '7 years | ' | ' | '3 years | '3 years | ' | ' | ' |
Depreciation and amortization expense | ' | $2,086 | $2,993 | $3,510 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $2,000 | $2,200 | $2,400 |
Distributor stock rotation rights percentage | ' | 5.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Product warranty period | ' | ' | ' | ' | ' | ' | ' | '3 years | ' | ' | ' | '1 year | ' | ' | ' | ' | ' |
Organization_And_Summary_Of_Si3
Organization And Summary Of Significant Accounting Policies (Schedule Of Accounts Receivable and Allowance for Doubtful Accounts) (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Organization And Summary Of Significant Accounting Policies [Abstract] | ' | ' |
Inventory, Work in Process and Raw Materials, Net of Reserves | $5,561 | $4,986 |
Inventory, Finished Goods, Net of Reserves | 4,728 | 5,574 |
Inventory, Net | $10,289 | $10,560 |
Organization_And_Summary_Of_Si4
Organization And Summary Of Significant Accounting Policies (Schedule Of Changes In The Carrying Amount Of Goodwill) (Details) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2012 | Dec. 31, 2013 |
Organization And Summary Of Significant Accounting Policies [Abstract] | ' | ' |
Goodwill | $56,030 | $55,153 |
Accumulated impairment losses | -34,692 | -34,692 |
Net goodwill at beginning of period | 21,338 | 20,461 |
Goodwill adjustment for divestiture of PHY business | -877 | ' |
Net goodwill at end of period | $20,461 | $20,461 |
Organization_And_Summary_Of_Si5
Organization And Summary Of Significant Accounting Policies (Schedule Of Property And Equipment) (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Property, Plant and Equipment [Line Items] | ' | ' |
Property and equipment | $25,766 | $24,803 |
Accumulated depreciation | -15,433 | -13,536 |
Net property and equipment | 10,333 | 11,267 |
Land [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Property and equipment | 3,150 | 3,150 |
Building And Improvements [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Property and equipment | 4,327 | 4,327 |
Equipment And Furniture [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Property and equipment | 15,888 | 14,955 |
Software [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Property and equipment | $2,401 | $2,371 |
Organization_And_Summary_Of_Si6
Organization And Summary Of Significant Accounting Policies (Schedule Of Accumulated Other Comprehensive loss) (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Accumulated Other Comprehensive Income (Loss), Net of Tax, Beginning Balance | ($226) | ($147) | ($148) |
Other comprehensive income (loss) before reclassifications | -51 | -75 | -48 |
Amount reclassified from AOCI | ' | -4 | 49 |
Accumulated Other Comprehensive Income (Loss), Net of Tax, Ending Balance | -277 | -226 | -147 |
Accumulated Net Unrealized Investment Gain (Loss) [Member] | ' | ' | ' |
Accumulated Other Comprehensive Income (Loss), Net of Tax, Beginning Balance | 1 | 9 | -6 |
Other comprehensive income (loss) before reclassifications | -2 | -4 | 19 |
Amount reclassified from AOCI | ' | -4 | -4 |
Accumulated Other Comprehensive Income (Loss), Net of Tax, Ending Balance | -1 | 1 | 9 |
Accumulated Translation Adjustment [Member] | ' | ' | ' |
Accumulated Other Comprehensive Income (Loss), Net of Tax, Beginning Balance | -227 | -156 | -142 |
Other comprehensive income (loss) before reclassifications | -49 | -71 | -67 |
Amount reclassified from AOCI | ' | ' | 53 |
Accumulated Other Comprehensive Income (Loss), Net of Tax, Ending Balance | ($276) | ($227) | ($156) |
Organization_And_Summary_Of_Si7
Organization And Summary Of Significant Accounting Policies (Schedule Of Accumulated Comprehensive Loss) (Details) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Foreign currency translation adjustments | ' | ' | ' | ' | ' | ' | ' | ' | ($49) | ($71) | ($14) |
Net income (loss) | 1,037 | 1,985 | 1,673 | 2,642 | -613 | -6,317 | -18,218 | -7,441 | 7,337 | -32,589 | -24,823 |
Reclassification out of accumulated other comprehensive income [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Unrealized gain (loss) on marketable securities | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4 | 4 |
Foreign currency translation adjustments | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -53 |
Net income (loss) | ' | ' | ' | ' | ' | ' | ' | ' | ' | $4 | ($49) |
ShareBased_Compensation_Narrat
Share-Based Compensation (Narrative) (Details) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' |
Share-based compensation expense | $2,698,000 | $3,144,000 | $2,330,000 |
Weighted average fair value of options granted | $2.24 | $2.17 | $1.69 |
Total intrinsic value of options exercised | 800,000 | 800,000 | 300,000 |
Fair value of options vested | 3,000,000 | ' | ' |
Total unrecognized compensation costs related to nonvested stock options | 1,400,000 | ' | ' |
Weighted average period, years | '1 year 2 months 19 days | ' | ' |
2008 Equity Incentive Plan [Member] | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' |
Aggregate shares of common stock authorized and available for awards, prior to 1999 Equity Plan eligible shares | 5,000,000 | ' | ' |
Additional shares potentially available which would revert back to the 1999 Equity Plan | 2,407,369 | ' | ' |
Aggregate share reserve limit under 2008 Equity Plan | 7,407,369 | ' | ' |
Number of shares that may be issued in the form of full value | 300,000 | ' | ' |
Award vesting period, years | '4 years | ' | ' |
Award expiration period, years | '7 years | ' | ' |
Term of plan, years | '10 years | ' | ' |
Stock Options And Restricted Stock Units (RSUs) [Member] | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' |
Share-based compensation expense | 2,400,000 | 3,000,000 | 1,900,000 |
May 2010 Amendment [Member] | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' |
Increase in number of shares reserved for issuance | 1,500,000 | ' | ' |
May 2011 Amendment [Member] | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' |
Increase in number of shares reserved for issuance | 2,300,000 | ' | ' |
ESOP [Member] | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' |
ESOP eligible annual compensation limit | 150,000 | ' | ' |
ESOP annual salary contribution, percentage | 2.00% | ' | ' |
ESOP maximum annual contribution per employee | 3,000 | ' | ' |
Share-based compensation expense | $300,000 | $200,000 | $500,000 |
ShareBased_Compensation_Schedu
Share-Based Compensation (Schedule Of Weighted-Average Fair Value Calculations Based On Weighted Average Assumptions) (Details) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Share-Based Compensation [Abstract] | ' | ' | ' |
Expected volatility | 57.94% | 62.90% | 61.34% |
Expected life (years) | '4 years 4 months 2 days | '4 years 4 months 6 days | '4 years 3 months 26 days |
Risk-free interest rate | 1.13% | 0.68% | 1.21% |
ShareBased_Compensation_Schedu1
Share-Based Compensation (Schedule Of Share-Based Compensation And Employee Stock Ownership Plan Expenses) (Details) (USD $) | 12 Months Ended | |||||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |||
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items] | ' | ' | ' | |||
Total share-based compensation expense | $2,698 | $3,144 | $2,330 | |||
Cost Of Revenues [Member] | ' | ' | ' | |||
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items] | ' | ' | ' | |||
Total share-based compensation expense | 12 | 147 | 47 | |||
Research And Development [Member] | ' | ' | ' | |||
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items] | ' | ' | ' | |||
Total share-based compensation expense | 788 | 1,007 | 485 | |||
Selling, General And Administrative [Member] | ' | ' | ' | |||
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items] | ' | ' | ' | |||
Total share-based compensation expense | 1,952 | 1,739 | 1,138 | |||
Discontinued Operations [Member] | ' | ' | ' | |||
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items] | ' | ' | ' | |||
Total share-based compensation expense | ($54) | [1] | $251 | [1] | $660 | [1] |
[1] | Recorded in loss from discontinued operations in the Consolidated Statement of Operations. |
ShareBased_Compensation_Summar
Share-Based Compensation (Summary Of Stock Option Activity) (Details) (USD $) | 12 Months Ended | |||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 | |
Share-Based Compensation [Abstract] | ' | ' | ' | ' |
Number of Shares, Outstanding, Beginning Balance | 4,212,552 | 4,602,367 | 4,202,653 | ' |
Number of Shares, Granted | 1,292,000 | 1,066,000 | 1,484,500 | ' |
Number of Shares, Exercised | -534,921 | -372,444 | -196,747 | ' |
Number of Shares, Cancelled | -317,068 | -1,083,371 | -888,039 | ' |
Number of Shares, Outstanding, Ending Balance | 4,652,563 | 4,212,552 | 4,602,367 | 4,202,653 |
Number of Shares, Exercisable December 31, 2013 | 2,870,905 | ' | ' | ' |
Weighted Average Exercise Price, Outstanding, Beginning Balance | $4.11 | $4.15 | $4.34 | ' |
Weighted Average Exercise Price, Granted | $4.78 | $4.38 | $3.44 | ' |
Weighted Average Exercise Price, Exercised | $3.51 | $3.29 | $1.84 | ' |
Weighted Average Exercise Price, Cancelled | $5.62 | $4.86 | $4.35 | ' |
Weighted Average Exercise Price, Outstanding, Ending Balance | $4.26 | $4.11 | $4.15 | $4.34 |
Weighted Average Exercise Price, Exercisable at December 31, 2013 | $4.16 | ' | ' | ' |
Weighted Average Remaining Contractual Term (in years), Outstanding | '4 years 1 month 2 days | '3 years 11 months 5 days | '4 years 7 months 10 days | '5 years 22 days |
Weighted Average Remaining Contractual Term (in years), Exercisable at December 31, 2013 | '3 years 1 month 13 days | ' | ' | ' |
Aggregate Intrinsic Value, Outstanding | $11,427,206 | $1,751,614 | $872,567 | $2,314,975 |
Aggregate Intrinsic Value, Exercisable at December 31, 2013 | $7,570,994 | ' | ' | ' |
ShareBased_Compensation_Summar1
Share-Based Compensation (Summary Of Ranges Of Outstanding And Exercisable Options) (Details) (USD $) | 12 Months Ended |
Dec. 31, 2013 | |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | ' |
Options Outstanding, Number | 4,652,563 |
Options Outstanding, Weighted Average Remaining Contractual Term (in years) | '4 years 1 month 2 days |
Options Outstanding, Weighted Average Exercise Price | $4.26 |
Options Exercisable, Number | 2,870,905 |
Options Exercisable, Weighted Average Exercise Price | $4.16 |
$1.80-$2.69 [Member] | ' |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | ' |
Range of Exercise Prices, lower limit | $1.80 |
Range of Exercise Prices, upper limit | $2.69 |
Options Outstanding, Number | 947,091 |
Options Outstanding, Weighted Average Remaining Contractual Term (in years) | '2 years 4 months 10 days |
Options Outstanding, Weighted Average Exercise Price | $2.11 |
Options Exercisable, Number | 882,231 |
Options Exercisable, Weighted Average Exercise Price | $2.07 |
$2.70-$3.73 [Member] | ' |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | ' |
Range of Exercise Prices, lower limit | $2.70 |
Range of Exercise Prices, upper limit | $4.10 |
Options Outstanding, Number | 1,356,291 |
Options Outstanding, Weighted Average Remaining Contractual Term (in years) | '4 years 5 months 1 day |
Options Outstanding, Weighted Average Exercise Price | $3.82 |
Options Exercisable, Number | 817,860 |
Options Exercisable, Weighted Average Exercise Price | $3.75 |
$3.74-$4.10 [Member] | ' |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | ' |
Range of Exercise Prices, lower limit | $4.11 |
Range of Exercise Prices, upper limit | $4.55 |
Options Outstanding, Number | 966,000 |
Options Outstanding, Weighted Average Remaining Contractual Term (in years) | '6 years 1 month 24 days |
Options Outstanding, Weighted Average Exercise Price | $4.54 |
Options Exercisable, Number | 114,000 |
Options Exercisable, Weighted Average Exercise Price | $4.53 |
$4.11-$6.66 [Member] | ' |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | ' |
Range of Exercise Prices, lower limit | $4.56 |
Range of Exercise Prices, upper limit | $6.46 |
Options Outstanding, Number | 1,010,457 |
Options Outstanding, Weighted Average Remaining Contractual Term (in years) | '4 years 1 month 2 days |
Options Outstanding, Weighted Average Exercise Price | $5.12 |
Options Exercisable, Number | 749,805 |
Options Exercisable, Weighted Average Exercise Price | $5.19 |
$6.67-$15.58 [Member] | ' |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | ' |
Range of Exercise Prices, lower limit | $6.47 |
Range of Exercise Prices, upper limit | $15.58 |
Options Outstanding, Number | 372,724 |
Options Outstanding, Weighted Average Remaining Contractual Term (in years) | '2 years |
Options Outstanding, Weighted Average Exercise Price | $8.26 |
Options Exercisable, Number | 307,009 |
Options Exercisable, Weighted Average Exercise Price | $8.61 |
ShareBased_Compensation_Summar2
Share-Based Compensation (Summary Of Activity For Unvested Restricted Stock Units) (Details) (USD $) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
Share-Based Compensation [Abstract] | ' | ' |
Number of Shares, Beginning Balance | 240,100 | ' |
Number of Shares, Granted | ' | 301,000 |
Number of Shares, Vested | -240,100 | -33,500 |
Number of Shares. Cancelled | ' | -27,400 |
Number of Shares, Ending Balance | ' | 240,100 |
Weighted Average Grant-Date Fair Value, Beginning Balance | $6.20 | ' |
Weighted Average Grant-Date Fair Value, Granted | ' | $6.27 |
Weighted Average Grant-Date Fair Value, Vested | $6.20 | $6.46 |
Weighted Average Grant-Date Fair Value, Cancelled | ' | $6.66 |
Weighted Average Grant-Date Fair Value, Ending Balance | ' | $6.20 |
Net_Income_Loss_Per_Share_Narr
Net Income (Loss) Per Share (Narrative) (Details) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Net Income (Loss) Per Share [Abstract] | ' | ' | ' |
Shares excluded from computation of diluted loss per share | 1.2 | 4.5 | 3.4 |
Net_Income_Loss_Per_Share_Comp
Net Income (Loss) Per Share (Computation Of Basic And Diluted Net Income (Loss) Per Share) (Details) (USD $) | 3 Months Ended | 12 Months Ended | ||||||||||||||||
In Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |||||||
Net Income (Loss) Per Share [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||
Income (loss) from continuing operations | $779 | $1,985 | $1,673 | $2,699 | ($190) | ($3,304) | ($484) | ($1,223) | $7,136 | ($5,201) | $3,104 | |||||||
Weighted average shares outstanding - basic | ' | ' | ' | ' | ' | ' | ' | ' | 45,603 | 44,882 | 44,559 | |||||||
Dillutive effect of stock options and RSU's | ' | ' | ' | ' | ' | ' | ' | ' | 920 | ' | 457 | |||||||
Weighted average shares outstanding - diluted | ' | ' | ' | ' | ' | ' | ' | ' | 46,523 | 44,882 | 45,016 | |||||||
Basic net income (loss) per share from continuing operations | $0.02 | [1] | $0.04 | [1] | $0.04 | [1] | $0.06 | [1] | ' | ($0.07) | [1] | ($0.01) | [1] | ($0.03) | [1] | $0.16 | ($0.12) | $0.07 |
Diluted net income (loss) per share from continuing operations | $0.02 | [1] | $0.04 | [1] | $0.04 | [1] | $0.06 | [1] | ' | ($0.07) | [1] | ($0.01) | [1] | ($0.03) | [1] | $0.15 | ($0.12) | $0.07 |
[1] | The sum of per share amounts for the quarters does not necessarily equal that for the year due to rounding as the computations were made independently. |
Financial_Instruments_Narrativ
Financial Instruments (Narrative) (Details) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' | ' |
Discount rate | ' | 40.00% | ' |
Estimated claims rate | 17.00% | ' | ' |
Aggregate unrealized loss | $2,000 | $1,000 | $1,000 |
Escrow Receivable [Member] | ' | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' | ' |
Discount rate | 3.25% | ' | ' |
Financial_Instruments_Schedule
Financial Instruments (Schedule Of Fair Value Of Assets And Liabilities On A Recurring Basis) (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Fair value of financial assets | $10,272 | $7,375 |
Quoted Prices In Active Markets For Identical Assets Or Liabilities (Level 1) [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Fair value of financial assets | 1 | 1,809 |
Significant Other Observable Inputs (Level 2) [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Fair value of financial assets | 10,271 | 3,966 |
Significant Unobservable Inputs (Level 3) [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Fair value of financial assets | ' | 1,600 |
Money Market Funds [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Fair value of financial assets | 1 | 1,809 |
Money Market Funds [Member] | Quoted Prices In Active Markets For Identical Assets Or Liabilities (Level 1) [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Fair value of financial assets | 1 | 1,809 |
Certificate Of Deposit [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Fair value of financial assets | 7,555 | 2,707 |
Certificate Of Deposit [Member] | Significant Other Observable Inputs (Level 2) [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Fair value of financial assets | 7,555 | 2,707 |
Marketable Securities [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Fair value of financial assets | 2,716 | 1,259 |
Marketable Securities [Member] | Significant Other Observable Inputs (Level 2) [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Fair value of financial assets | 2,716 | 1,259 |
Escrow Receivable [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Fair value of financial assets | ' | 1,600 |
Escrow Receivable [Member] | Significant Unobservable Inputs (Level 3) [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Fair value of financial assets | ' | $1,600 |
Financial_Instruments_Schedule1
Financial Instruments (Schedule Of Fair Value Of Available-For-Sale Investments) (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Less amounts classified as cash equivalents | ($868) | ($1,928) |
Total short and long-term available-for-sale investments | 9,403 | 2,038 |
Contractual maturity dates for investments, Less than one year, Estimated Fair Value | 8,295 | 1,787 |
Contractual maturity dates for investments, One to two years, Estimated Fair Value | 1,108 | 251 |
Available-for-sale Securities, Total | 9,403 | 2,038 |
Certificate Of Deposit [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Amortized Cost | 7,557 | 2,707 |
Unrealized Loss | -2 | ' |
Estimated Fair Value | 7,555 | 2,707 |
Corporate Bonds And Notes [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Amortized Cost | ' | 278 |
Estimated Fair Value | ' | 278 |
Municipal Bonds [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Amortized Cost | 2,125 | 981 |
Unrealized Gain | 1 | ' |
Estimated Fair Value | 2,126 | 981 |
US Treasury And Government Agencies Securities [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Amortized Cost | 590 | ' |
Estimated Fair Value | 590 | ' |
Total Bonds, Notes And Equity Securities [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Amortized Cost | 10,272 | 3,966 |
Unrealized Gain | 1 | ' |
Unrealized Loss | -2 | ' |
Estimated Fair Value | $10,271 | $3,966 |
Financial_Instruments_Schedule2
Financial Instruments (Schedule Of Gross unrealized Losses And Fair Value For Investments ) (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' |
Fair Value Less than 12 Months | $1,956,000 | ' | ' |
Total, Fair Value | 1,956,000 | ' | ' |
Less than 12 Months, Unrealized Loss | -2,000 | ' | ' |
Total, Unrealized Loss | 2,000 | 1,000 | 1,000 |
Certificate Of Deposit [Member] | ' | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' |
Fair Value Less than 12 Months | 1,956,000 | ' | ' |
Total, Fair Value | 1,956,000 | ' | ' |
Less than 12 Months, Unrealized Loss | -2,000 | ' | ' |
Total, Unrealized Loss | $2,000 | ' | ' |
Concentrations_Of_Credit_Custo2
Concentrations Of Credit, Customer And Supplier Risk (Narrative) (Details) (USD $) | Dec. 31, 2013 |
In Millions, unless otherwise specified | |
Concentrations Of Credit, Customer And Supplier Risk [Abstract] | ' |
Cash, cash equivalents, short and long-term investments | $20.40 |
Concentrations_Of_Credit_Custo3
Concentrations Of Credit, Customer And Supplier Risk (Schedule Of Percentage Of Total Accounts Receivable Balance Accounted To Customers) (Details) (Accounts Receivable [Member]) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Excelpoint Systems Pte Ltd. [Member] | ' | ' | ' |
Concentration Risk [Line Items] | ' | ' | ' |
Percentage of total accounts receivable | 26.00% | 30.00% | 27.00% |
Avnet, Inc. [Member] | ' | ' | ' |
Concentration Risk [Line Items] | ' | ' | ' |
Percentage of total accounts receivable | ' | 21.00% | 28.00% |
Answer Technology, Inc. [Member] | ' | ' | ' |
Concentration Risk [Line Items] | ' | ' | ' |
Percentage of total accounts receivable | 21.00% | 19.00% | 12.00% |
Concentrations_Of_Credit_Custo4
Concentrations Of Credit, Customer And Supplier Risk (Schedule Of Percentage Of Net Revenues Accounted As Sales To Distributors) (Details) (Revenue [Member]) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Excelpoint Systems Pte Ltd. [Member] | ' | ' | ' |
Concentration Risk [Line Items] | ' | ' | ' |
Percentage of net revenues | 32.00% | 27.00% | 24.00% |
Avnet, Inc. [Member] | ' | ' | ' |
Concentration Risk [Line Items] | ' | ' | ' |
Percentage of net revenues | 23.00% | 24.00% | 24.00% |
Answer Technology, Inc. [Member] | ' | ' | ' |
Concentration Risk [Line Items] | ' | ' | ' |
Percentage of net revenues | 12.00% | 19.00% | 18.00% |
UK_Design_Team_Divestiture_Det
UK Design Team Divestiture (Details) (USD $) | 9 Months Ended | 12 Months Ended | ||
Sep. 30, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
UK Design Team Divestiture [Abstract] | ' | ' | ' | ' |
Cash from Asset Purchase agreement and IP license | ' | ' | ' | $2,200,000 |
License revenue | ' | ' | ' | 1,700,000 |
Sale of assets | ' | 2,000,000 | 10,400,000 | 500,000 |
Carrying value of net assets transferred | ' | ' | ' | 400,000 |
Carrying value of goodwill allocated | ' | ' | ' | 74,000 |
Gain on divestitures | ' | ' | ' | $28,000 |
Useful life of intangibles | '5 years | ' | ' | '4 years |
Discontinued_Operation_Narrati
Discontinued Operation (Narrative) (Details) (USD $) | 12 Months Ended | 0 Months Ended | 12 Months Ended | 0 Months Ended | ||||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Sep. 20, 2012 | Jul. 06, 2012 | Nov. 21, 2012 | Dec. 31, 2013 | Jul. 06, 2012 | |
Aquantia APA [Member] | Entropic APA [Member] | Entropic APA [Member] | Entropic APA [Member] | Entropic APA [Member] | ||||
Product Acceptance [Member] | Product Acceptance [Member] | Potential Third Party Royalty Arrangement [Member] | ||||||
Proceeds from sale of product line | ' | ' | ' | $2,000,000 | $3,000,000 | ' | ' | ' |
Possible future proceeds for post closing milestones and amount held in escrow | ' | ' | ' | ' | 5,000,000 | ' | ' | ' |
Possible future proceeds for post-closing milestones | ' | ' | ' | ' | ' | 1,400,000 | 2,000,000 | 1,000,000 |
Possible escrow agreement proceeds from Entropic for post-closing indemnification | ' | ' | ' | ' | 2,000,000 | ' | ' | ' |
Proceeds from Entropic for nonexclusive licensing fee for intellectual property | ' | ' | 1,700,000 | ' | 4,000,000 | ' | ' | ' |
Cash proceeds from sale (including fair value amount held in escrow) | ' | 12,000,000 | ' | ' | ' | ' | ' | ' |
Fair value of escrow payment | ' | ' | ' | ' | 1,600,000 | ' | ' | ' |
Gain on disposal | $297,000 | $3,450,000 | ' | ' | ' | ' | ' | ' |
Discontinued_Operation_Compone
Discontinued Operation (Components Of Gain On Sale Of A Business) (Details) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Discontinued Operation [Abstract] | ' | ' |
Cash proceeds from sale (including fair value amount held in escrow) | ' | $12,000 |
Amount received in excess of escrow fair value | 334 | ' |
Inventory transferred | ' | -1,254 |
Fixed assets transferred | ' | -631 |
Intangible assets write-off | ' | -5,783 |
Goodwill write-off | ' | -877 |
Other adjustments | 37 | 5 |
Gain on disposal | $297 | $3,450 |
Discontinued_Operation_Summary
Discontinued Operation (Summary Of Financial Information Included In Net Loss From Discontinued Operations) (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Discontinued Operation [Abstract] | ' | ' | ' |
Revenues | ' | $2,947 | $4,637 |
Gain on disposal | 297 | 3,450 | ' |
Loss before income taxes | 240 | -27,476 | -30,531 |
Benefit from income taxes | 39 | -88 | -2,604 |
Loss from discontinued operations | $201 | ($27,388) | ($27,927) |
Acquisition_And_Restructuring_1
Acquisition And Restructuring Costs (Narrative) (Details) (USD $) | 12 Months Ended | 1 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Mar. 31, 2011 | |
employee | employee | Lease Commitment [Member] | ||
Acquisition And Restructuring Costs [Line Items] | ' | ' | ' | ' |
Acquisition related costs | $12,000 | $6,898,000 | $88,000 | ' |
Reduction against the two promissory notes | ' | ' | 1,900,000 | ' |
Amount of notes cancelled | ' | ' | 1,500,000 | ' |
Escrow claim settlement | ' | ' | 1,397,000 | ' |
Number of employees terminated | ' | 14 | 14 | ' |
Liability amount included in other accrued expense | ' | ' | ' | 300,000 |
Lease commitment accrual | ' | ' | $301,000 | $300,000 |
Acquisition_And_Restructuring_2
Acquisition And Restructuring Costs (Schedule Of Acquisition and Restructuring Costs) (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Acquisition And Restructuring Costs [Abstract] | ' | ' | ' |
Deal costs | $12 | $6,898 | $88 |
Escrow claim settlement | ' | ' | -1,397 |
Severance costs | 279 | ' | 501 |
Lease commitment accrual | ' | ' | 301 |
Total acquisition and restructuring costs | $291 | $6,898 | ($507) |
Acquisition_And_Restructuring_3
Acquisition And Restructuring Costs (Summary Of Activity Within The Severance And Benefit Related Liability) (Details) (USD $) | 12 Months Ended | |||
In Thousands, unless otherwise specified | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2012 |
employee | employee | Severance [Member] | Severance [Member] | |
Restructuring Cost and Reserve [Line Items] | ' | ' | ' | ' |
Restructuring Reserve | ' | ' | ' | $315 |
Liability at beginning of period | ' | ' | 315 | ' |
Payments for Restructuring | ' | ' | -594 | -277 |
Cash payments | ' | ' | -594 | -277 |
Liability at end of period | ' | ' | ' | $315 |
Restructuring and Related Cost, Number of Positions Eliminated | 14 | 14 | ' | ' |
Number of employees terminated | 14 | 14 | ' | ' |
Number of contractors terminated | 4 | ' | ' | ' |
Acquisition_And_Restructuring_4
Acquisition And Restructuring Costs (Summary Of Activity Within Lease Termination Liability) (Details) (USD $) | 12 Months Ended | 12 Months Ended | ||||||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2011 | Mar. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | |
Lease Commitment [Member] | Severance [Member] | Severance [Member] | Severance [Member] | Severance [Member] | ||||
Continuing Operations [Member] | Discontinued Operations [Member] | |||||||
Restructuring Cost and Reserve [Line Items] | ' | ' | ' | ' | ' | ' | ' | |
Liability at beginning of period | ' | ' | $300 | $315 | ' | ' | ' | |
Severance costs | 279 | 501 | ' | ' | ' | 279 | 592 | [1] |
Cash payments | ' | ' | ' | -594 | -277 | ' | ' | |
Liability at end of period | ' | ' | $300 | ' | $315 | ' | ' | |
[1] | Recorded in loss from discontinued operations in the Consolidated Statement of Operations. Severance related to the termination of 14 employees and 4 contractors in connection with the sale of the PHY business. |
Asset_Impairment_Details
Asset Impairment (Details) (USD $) | 3 Months Ended | 12 Months Ended |
In Thousands, unless otherwise specified | Jun. 30, 2012 | Dec. 31, 2012 |
Impairment of assets | $9,800 | $10,343 |
Fair value inputs, discount rate | ' | 40.00% |
Fair value inputs income tax rate | ' | 40.00% |
Existing And Core Technology [Member] | ' | ' |
Impairment of assets | ' | 9,600 |
Trade Names and Customer Relationships [Member] | ' | ' |
Impairment of assets | ' | 200 |
Tangible Assets [Member] | ' | ' |
Impairment of assets | ' | $500 |
Other_Intangible_Assets_Narrat
Other Intangible Assets (Narrative) (Details) (USD $) | 3 Months Ended | 9 Months Ended | 12 Months Ended | 0 Months Ended | 12 Months Ended | |||||||
Jun. 30, 2012 | Sep. 30, 2011 | Dec. 31, 2012 | Dec. 31, 2011 | Oct. 21, 2011 | Oct. 21, 2011 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2013 | |
Maximum [Member] | Minimum [Member] | Continuing Operations [Member] | Continuing Operations [Member] | Discontinued Operations [Member] | Discontinued Operations [Member] | Teranetics [Member] | Oxford [Member] | |||||
Acquired Finite-Lived Intangible Assets [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Identifiable intangibles acquired | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $30,500,000 | $9,100,000 |
Useful life of intangibles | ' | '5 years | ' | '4 years | '5 years | '4 years | ' | ' | ' | ' | ' | ' |
Amortization expense | ' | ' | 5,284,000 | 10,639,000 | ' | ' | 245,000 | 2,801,000 | 5,100,000 | 7,800,000 | ' | ' |
Impairment charges | 9,800,000 | ' | 10,343,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Intangible assets write-off | ' | ' | $5,783,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Retirement_Savings_Plan_Detail
Retirement Savings Plan (Details) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Retirement Savings Plan [Abstract] | ' | ' | ' |
Percentage of annual compensation eligible for contribution to plan | 100.00% | ' | ' |
Employer match per dollar | 50.00% | ' | ' |
Employer matching percentage of employee salary | 6.00% | ' | ' |
Plan expenses | $0.40 | $0.40 | $0.40 |
ESOP, plan expense | $0.30 | $0.10 | $0.30 |
Income_Taxes_Narrative_Details
Income Taxes (Narrative) (Details) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Operating Loss Carryforwards [Line Items] | ' | ' | ' |
Change in deferred tax assets valuation allowance | ($200,000) | $3,500,000 | $11,200,000 |
Net operating loss carryforwards, expiration dates | 'through 2032 | ' | ' |
Deferred Tax Assets, Valuation Allowance | 67,173,000 | 67,021,000 | ' |
Undistributed earnings of foreign subsidiaries | 700,000 | ' | ' |
Potential earnings distribution, additional taxes | 300,000 | ' | ' |
Foreign operations pre-ta profit (loss) | 2,232,000 | 3,545,000 | -2,863,000 |
Internal Revenue Service (IRS) [Member] | ' | ' | ' |
Operating Loss Carryforwards [Line Items] | ' | ' | ' |
Net operating loss carryforwards | 81,600,000 | ' | ' |
Tax credit carryforwards | 12,000,000 | ' | ' |
Tax credit carryforwards, expiration dates | '2019 | ' | ' |
Deferred tax asset not recognized | 2,800,000 | ' | ' |
State and Local Jurisdiction [Member] | ' | ' | ' |
Operating Loss Carryforwards [Line Items] | ' | ' | ' |
Net operating loss carryforwards | 47,500,000 | ' | ' |
Tax credit carryforwards | 17,800,000 | ' | ' |
Deferred tax asset not recognized | 2,100,000 | ' | ' |
Foreign Tax Authority [Member] | ' | ' | ' |
Operating Loss Carryforwards [Line Items] | ' | ' | ' |
Net operating loss carryforwards | $25,700,000 | ' | ' |
Income_Taxes_Schedule_Of_Incom
Income Taxes (Schedule Of Income Before Taxes By Jurisdiction) (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Income Taxes [Abstract] | ' | ' | ' |
United States | $5,133 | ($8,510) | $8,718 |
Foreign | 2,232 | 3,545 | -2,863 |
Income (loss) from continuing operations before provision for income taxes | $7,365 | ($4,965) | $5,855 |
Income_Taxes_Schedule_Of_Provi
Income Taxes (Schedule Of Provision (Benefit) For Income Taxes) (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Income Taxes [Abstract] | ' | ' | ' |
Federal, Current | $153 | $146 | $2,699 |
Federal | 153 | 146 | 2,699 |
State, Current | 41 | 20 | 5 |
State | 41 | 20 | 5 |
Foreign, Current | 35 | 70 | 47 |
Foreign | 35 | 70 | 47 |
Provision (benefit) for income taxes | $229 | $236 | $2,751 |
Income_Taxes_Schedule_Of_Effec
Income Taxes (Schedule Of Effective Income Amount Reconciliation) (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Income Taxes [Abstract] | ' | ' | ' |
Tax benefit as the U.S. statutory rate | $2,578 | ($1,740) | $2,340 |
State taxes (net of federal benefit) | 41 | 15 | 12 |
Research and development credit | -1,289 | -2,982 | -1,137 |
Change in valuation allowance | -431 | 6,147 | 274 |
Foreign rate differnetial | -726 | -1,171 | 1,037 |
Other individually immaterial items | 56 | -33 | 225 |
Provision (benefit) for income taxes | $229 | $236 | $2,751 |
Income_Taxes_Schedule_Of_Defer
Income Taxes (Schedule Of Deferred Tax Assets And Liabilities) (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Income Taxes [Abstract] | ' | ' |
Accrued expenses and reserves | $4,175 | $3,566 |
Net operating loss carryforwards | 37,159 | 39,298 |
Research and development credits | 18,950 | 17,297 |
Depreciation | 1,136 | 1,723 |
Share-based compensation | 5,870 | 5,673 |
Other | -117 | 114 |
Gross deferred tax assets | 67,173 | 67,671 |
Valuation Allowance | -67,173 | -67,021 |
Deferred tax assets, net of valuation allowance | ' | 650 |
Acquisition related to intangibles | ' | -650 |
Total net deferred tax assets | ' | ' |
Income_Taxes_Schedule_Of_Unrec
Income Taxes (Schedule Of Unrecognized Tax Benefits) (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Income Taxes [Abstract] | ' | ' | ' |
Unrecognized tax benefits balance, beginning of period | $5,429 | $4,401 | $4,038 |
Gross increase for tax positions for prior year | 58 | 553 | ' |
Gross increase for tax positions for current year | 373 | 475 | 363 |
Unrecognized tax benefits balance, end of period | $5,860 | $5,429 | $4,401 |
Line_Of_Credit_Details
Line Of Credit (Details) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2013 | Apr. 22, 2013 | Sep. 30, 2011 |
Line Of Credit [Abstract] | ' | ' | ' |
Line of Credit Facility, Initiation Date | 30-Sep-11 | ' | ' |
Line of Credit Facility, Expiration Date | 30-Sep-15 | ' | ' |
Irrevocable letter of credit issued | $0.80 | ' | ' |
Line of Credit Facility, Maximum Borrowing Capacity | ' | 15 | 10 |
Prime rate on line of credit facility | 3.25% | ' | ' |
Line of credit facility amount outstanding | 5 | ' | ' |
Line of credit facility remaining availability | $9.20 | ' | ' |
Commitments_And_Contingencies_1
Commitments And Contingencies (Narrative) (Details) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Purchase commitments | $9 | ' | ' |
Rental expense | 0.3 | 0.3 | 0.7 |
Capital leases, amortization expense | 0.1 | 0.6 | 0.9 |
Capital leases, included in other assets | 0.4 | ' | ' |
Capital lease assets, accumulated amortization | 3.7 | ' | ' |
Contigency Accrual | $0.90 | ' | $1 |
Maximum [Member] | ' | ' | ' |
Sales order, lead time | '112 days | ' | ' |
Minimum [Member] | ' | ' | ' |
Sales order, lead time | '28 days | ' | ' |
Commitments_And_Contingencies_2
Commitments And Contingencies (Schedule Of Future Minimum Lease Payments) (Details) (USD $) | Dec. 31, 2013 |
In Thousands, unless otherwise specified | |
Property, Plant and Equipment [Line Items] | ' |
2014 | $3,202 |
2015 | 916 |
2016 | 44 |
Total | 4,162 |
Facility And Equipment [Member] | ' |
Property, Plant and Equipment [Line Items] | ' |
2014 | 236 |
2015 | 111 |
2016 | 32 |
Total | 379 |
Software [Member] | ' |
Property, Plant and Equipment [Line Items] | ' |
2014 | 2,966 |
2015 | 805 |
2016 | 12 |
Total | $3,783 |
Commitments_And_Contingencies_3
Commitments And Contingencies (Schedule Of Changes In Sales Warranty Reserve) (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Commitments And Contingencies [Abstract] | ' | ' | ' |
Balance, beginning of period | $254 | $96 | $120 |
Warranty costs incurred | -323 | -336 | -252 |
Additions related to current period sales | 300 | 494 | 228 |
Balance, end of period | $231 | $254 | $96 |
Segments_Of_An_Enterprise_And_2
Segments Of An Enterprise And Related Information (Schedule Of Revenues By Geographic Region Based On Customer Location) (Details) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Revenues from External Customers and Long-Lived Assets [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net revenues | $25,697 | $25,725 | $26,850 | $26,218 | $23,413 | $26,866 | $25,437 | $24,532 | $104,490 | $100,248 | $111,152 |
China [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenues from External Customers and Long-Lived Assets [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net revenues | ' | ' | ' | ' | ' | ' | ' | ' | 29,454 | 27,026 | 26,740 |
United States [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenues from External Customers and Long-Lived Assets [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net revenues | ' | ' | ' | ' | ' | ' | ' | ' | 21,222 | 15,639 | 22,088 |
Singapore [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenues from External Customers and Long-Lived Assets [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net revenues | ' | ' | ' | ' | ' | ' | ' | ' | 17,290 | 13,432 | 13,312 |
Taiwan [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenues from External Customers and Long-Lived Assets [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net revenues | ' | ' | ' | ' | ' | ' | ' | ' | 16,980 | 22,682 | 25,379 |
Other Asia Pacific [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenues from External Customers and Long-Lived Assets [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net revenues | ' | ' | ' | ' | ' | ' | ' | ' | 9,434 | 7,959 | 9,762 |
Germany [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenues from External Customers and Long-Lived Assets [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net revenues | ' | ' | ' | ' | ' | ' | ' | ' | 8,516 | 11,575 | 11,765 |
Europe, Middle East And Africa [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenues from External Customers and Long-Lived Assets [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net revenues | ' | ' | ' | ' | ' | ' | ' | ' | 1,169 | 1,491 | 1,958 |
The Americas - Excluding United States [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenues from External Customers and Long-Lived Assets [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net revenues | ' | ' | ' | ' | ' | ' | ' | ' | $425 | $444 | $148 |
Segments_Of_An_Enterprise_And_3
Segments Of An Enterprise And Related Information (Schedule of Revenues By Type) (Details) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net revenues | $25,697 | $25,725 | $26,850 | $26,218 | $23,413 | $26,866 | $25,437 | $24,532 | $104,490 | $100,248 | $111,152 |
PCI Express [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net revenues | ' | ' | ' | ' | ' | ' | ' | ' | 75,582 | 66,780 | 61,557 |
Connectivity [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net revenues | ' | ' | ' | ' | ' | ' | ' | ' | $28,908 | $33,468 | $49,595 |
Segments_Of_An_Enterprise_And_4
Segments Of An Enterprise And Related Information (Schedule Of Percentage Of Net Revenues Accounted As Sales To Distributors) (Details) (Revenue [Member]) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Excelpoint Systems Pte Ltd. [Member] | ' | ' | ' |
Revenue, Major Customer [Line Items] | ' | ' | ' |
Percentage of net revenues | 32.00% | 27.00% | 24.00% |
Avnet, Inc. [Member] | ' | ' | ' |
Revenue, Major Customer [Line Items] | ' | ' | ' |
Percentage of net revenues | 23.00% | 24.00% | 24.00% |
Answer Technology, Inc. [Member] | ' | ' | ' |
Revenue, Major Customer [Line Items] | ' | ' | ' |
Percentage of net revenues | 12.00% | 19.00% | 18.00% |
Quarterly_Financial_Data_Detai
Quarterly Financial Data (Details) (USD $) | 3 Months Ended | 12 Months Ended | ||||||||||||||||||||
In Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |||||||||||
Quarterly Financial Data [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||
Net revenues | $25,697 | $25,725 | $26,850 | $26,218 | $23,413 | $26,866 | $25,437 | $24,532 | $104,490 | $100,248 | $111,152 | |||||||||||
Gross profit | 14,073 | 14,460 | 15,073 | 15,525 | 13,684 | 16,058 | 15,067 | 13,977 | 59,131 | 58,786 | 64,552 | |||||||||||
Income (loss) from continuing operations | 779 | 1,985 | 1,673 | 2,699 | -190 | -3,304 | -484 | -1,223 | 7,136 | -5,201 | 3,104 | |||||||||||
Income (loss) from discontinued operations | 258 | ' | ' | -57 | -423 | -3,013 | -17,734 | -6,218 | 201 | [1] | -27,388 | [1] | -27,927 | [1] | ||||||||
Net income (loss) | $1,037 | $1,985 | $1,673 | $2,642 | ($613) | ($6,317) | ($18,218) | ($7,441) | $7,337 | ($32,589) | ($24,823) | |||||||||||
Basic net income (loss) per share from continuing operations | $0.02 | [2] | $0.04 | [2] | $0.04 | [2] | $0.06 | [2] | ' | ($0.07) | [2] | ($0.01) | [2] | ($0.03) | [2] | $0.16 | ($0.12) | $0.07 | ||||
Basic income (loss) per share - discontinued operations | $0.01 | [2] | ' | ' | ' | ($0.01) | [2] | ($0.07) | [2] | ($0.40) | [2] | ($0.14) | [2] | ' | ($0.61) | ($0.63) | ||||||
Basic net income (loss) per share | $0.03 | [2] | $0.04 | [2] | $0.04 | [2] | $0.06 | [2] | ($0.01) | [2] | ($0.14) | [2] | ($0.41) | [2] | ($0.17) | [2] | $0.16 | ($0.73) | ($0.56) | |||
Diluted net income (loss) per share from continuing operations | $0.02 | [2] | $0.04 | [2] | $0.04 | [2] | $0.06 | [2] | ' | ($0.07) | [2] | ($0.01) | [2] | ($0.03) | [2] | $0.15 | ($0.12) | $0.07 | ||||
Diluted income (loss) per share - discontinued operations | $0.01 | [2] | ' | ' | ' | ($0.01) | [2] | ($0.07) | [2] | ($0.40) | [2] | ($0.14) | [2] | ' | ($0.61) | ($0.62) | ||||||
Diluted net income (loss) per share | $0.03 | [2] | $0.04 | [2] | $0.04 | [2] | $0.06 | [2] | ($0.01) | [2] | ($0.14) | [2] | ($0.41) | [2] | ($0.17) | [2] | $0.15 | ($0.73) | ($0.55) | |||
[1] | Income (loss) from discontinued operations, net of tax (1 | |||||||||||||||||||||
[2] | The sum of per share amounts for the quarters does not necessarily equal that for the year due to rounding as the computations were made independently. |
Schedule_IIValuation_And_Quali1
Schedule II-Valuation And Qualifying Accounts (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | ||||||
In Thousands, unless otherwise specified | Allowance For Doubtful Accounts [Member] | Allowance For Doubtful Accounts [Member] | Allowance For Doubtful Accounts [Member] | Allowance For Doubtful Accounts [Member] | Allowance For Returns [Member] | Allowance For Returns [Member] | Allowance For Returns [Member] | Allowance For Ship And Debits [Member] | Allowance For Ship And Debits [Member] | Allowance For Ship And Debits [Member] | ||||||
Valuation and Qualifying Accounts Disclosure [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||
Balance at Beginning of Period | $82 | $82 | $82 | $82 | $97 | $128 | $193 | $1,921 | $2,181 | $1,357 | ||||||
Charged to Other Accounts | ' | ' | ' | ' | 795 | [1] | 58 | [1] | 255 | [1] | 8,139 | [1] | 10,040 | [1] | 9,650 | [1] |
Deductions Amount Recovered (Written Off) | ' | ' | ' | ' | -836 | -89 | -320 | -8,442 | -10,300 | -8,826 | ||||||
Balance at End of Period | $82 | $82 | $82 | $82 | $56 | $97 | $128 | $1,618 | $1,921 | $2,181 | ||||||
[1] | Amounts charged to other accounts are recorded as a reduction of revenue. |