Electronics For Imaging (EFII) 10-Q 3 May 16 2016 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2016	Apr. 18, 2016
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q1
Trading Symbol	EFII
Entity Registrant Name	ELECTRONICS FOR IMAGING INC
Entity Central Index Key	867,374
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		47,104,521

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Current assets:
Cash and cash equivalents	$ 190,156	$ 164,091
Short-term investments, available for sale	281,471	333,276
Accounts receivable, net of allowances of $25.3 and $22.0 million, respectively	205,447	193,121
Inventories	121,666	106,378
Income taxes receivable	1,646	473
Other current assets	34,729	29,675
Total current assets	835,115	827,014
Property and equipment, net	101,079	97,779
Goodwill	344,369	338,793
Intangible assets, net	133,730	135,552
Deferred tax assets	39,998	41,043
Other assets	10,740	9,970
Total assets	1,465,031	1,450,151
Current liabilities:
Accounts payable	110,775	113,541
Accrued and other liabilities	66,856	74,425
Deferred revenue	59,343	48,767
Income taxes payable	3,592	3,594
Total current liabilities	240,566	240,327
Convertible senior notes, net	294,065	290,734
Imputed financing obligation related to build-to-suit lease	13,738	13,480
Noncurrent contingent and other liabilities	55,374	51,101
Deferred tax liabilities	20,240	19,003
Noncurrent income taxes payable	11,650	11,312
Total liabilities	$ 635,633	$ 625,957
Commitments and contingencies (Note 8)
Stockholders' equity:
Preferred stock, $0.01 par value; 5,000 shares authorized; none issued and outstanding
Common stock, $0.01 par value; 150,000 shares authorized; 52,239 and 51,808 shares issued, respectively	$ 522	$ 518
Additional paid-in capital	676,500	657,354
Treasury stock, at cost; 5,051 and 4,476 shares, respectively	(213,530)	(190,439)
Accumulated other comprehensive loss	(10,133)	(17,424)
Retained earnings	376,039	374,185
Total stockholders' equity	829,398	824,194
Total liabilities and stockholders' equity	$ 1,465,031	$ 1,450,151

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Millions	Mar. 31, 2016	Dec. 31, 2015
Statement of Financial Position [Abstract]
Accounts receivable, allowances	$ 25.3	$ 22
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	150,000,000	150,000,000
Common stock, shares issued	52,239,000	51,808,000
Treasury stock, shares	5,051,000	4,476,000

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands		3 Months Ended
		Mar. 31, 2016	Mar. 31, 2015
Income Statement [Abstract]
Revenue		$ 234,133	$ 194,554
Cost of revenue	[1]	115,761	89,114
Gross profit		118,372	105,440
Operating expenses:
Research and development	[1]	37,178	33,711
Sales and marketing	[1]	41,574	37,170
General and administrative	[1]	20,980	17,650
Restructuring and other (Note 11)		2,715	1,029
Amortization of identified intangibles		9,229	4,804
Total operating expenses		111,676	94,364
Income from operations		6,696	11,076
Interest expense		(4,358)	(4,099)
Interest income and other expense, net		(221)	(659)
Income before income taxes		2,117	6,318
Provision for income taxes		(263)	(1,081)
Net income		$ 1,854	$ 5,237
Net income per basic common share		$ 0.04	$ 0.11
Net income per diluted common share		$ 0.04	$ 0.11
Shares used in basic per-share calculation		47,215	47,002
Shares used in diluted per-share calculation		47,923	47,856
[1]	Includes stock-based compensation expense as follows: 2016 2015 Cost of revenue $ 722 $ 824 Research and development 3,095 2,665 Sales and marketing 2,393 2,298 General and administrative 5,347 3,105

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Operations (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Recognized stock-based compensation expense	$ 11,557	$ 8,892
Cost of Revenue [Member]
Recognized stock-based compensation expense	722	824
Research and Development [Member]
Recognized stock-based compensation expense	3,095	2,665
Sales and Marketing [Member]
Recognized stock-based compensation expense	2,393	2,298
General and Administrative [Member]
Recognized stock-based compensation expense	$ 5,347	$ 3,105

Condensed Consolidated Stateme6

Condensed Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Statement of Comprehensive Income [Abstract]
Net income	$ 1,854	$ 5,237
Net unrealized investment gains:
Unrealized holding gains, net of tax provisions of $0.5 and $0.2 million, respectively	776	360
Reclassification adjustments included in net income, net of tax benefit (provision) of less than $0.1 million	18	(19)
Net unrealized investment gains	794	341
Currency translation adjustments, net of tax benefit of $0.8 million and no tax benefit, respectively	6,446	(6,301)
Net unrealized gains on cash flow hedges	51	23
Comprehensive income (loss)	$ 9,145	$ (700)

Condensed Consolidated Stateme7

Condensed Consolidated Statements of Comprehensive Income (Loss) (Parenthetical) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Statement of Comprehensive Income [Abstract]
Unrealized holding gains, tax provisions	$ 0.5	$ 0.2
Reclassification adjustments included in net income, net of tax benefits (provision)
Currency translation adjustments, tax benefit	$ 0.8	$ 0

Condensed Consolidated Stateme8

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Cash flows from operating activities:
Net income	$ 1,854	$ 5,237
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	13,008	7,803
Deferred taxes	(3,894)	(5,066)
Tax benefit (expense) from employee stock plans	43	(155)
Excess tax benefit from stock-based compensation	(164)	(127)
Provisions for (releases of) bad debt and sales-related allowances	4,140	(1,080)
Provision for inventory obsolescence	2,272	1,450
Stock-based compensation, net of cash settlements	11,538	8,892
Non-cash accretion of interest expense on convertible notes and imputed financing obligation	3,273	3,097
Other non-cash charges and credits	2,878	(306)
Changes in operating assets and liabilities, net of effect of acquired businesses	(26,147)	(12,662)
Net cash provided by operating activities	8,801	7,083
Cash flows from investing activities:
Purchases of short-term investments	(58,323)	(162,363)
Proceeds from sales and maturities of short-term investments	110,417	70,123
Purchases, net of proceeds from sales, of property and equipment	(5,213)	(4,915)
Businesses purchased, net of cash acquired	(7,982)	(10)
Net cash provided by (used for) investing activities	38,899	(97,165)
Cash flows from financing activities:
Proceeds from issuance of common stock	4,909	4,864
Purchases of treasury stock and net share settlements	(23,092)	(13,539)
Repayment of debt assumed through business acquisitions and debt issuance costs	(4,492)	(79)
Contingent consideration payments related to businesses acquired	(1,443)	(2,032)
Excess tax benefit from stock-based compensation	164	127
Net cash used for financing activities	(23,954)	(10,659)
Effect of foreign exchange rate changes on cash and cash equivalents	2,319	(1,652)
Decrease in cash and cash equivalents	26,065	(102,393)
Cash and cash equivalents at beginning of quarter	164,091	298,133
Cash and cash equivalents at end of quarter	$ 190,156	$ 195,740

Basis of Presentation and Signi

Basis of Presentation and Significant Accounting Policies	3 Months Ended
	Mar. 31, 2016
Accounting Policies [Abstract]
Basis of Presentation and Significant Accounting Policies	1. Basis of Presentation and Significant Accounting Policies Basis of Presentation The accompanying unaudited interim condensed consolidated financial statements (“condensed consolidated financial statements”) include the accounts of Electronics For Imaging, Inc. and its subsidiaries (“EFI” or “Company”). All intercompany accounts and transactions have been eliminated in consolidation. These condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States (“U.S. GAAP” or “GAAP”) for interim financial information, rules and regulations of the Securities and Exchange Commission (“SEC”) for interim financial statements, and accounting policies consistent in all material respects with those applied in preparing our audited annual consolidated financial statements included in our Annual Report on Form 10-K for the year ended December 31, 2015. These condensed consolidated financial statements and accompanying notes should be read in conjunction with our annual consolidated financial statements and the notes thereto for the year ended December 31, 2015, included in our Annual Report on Form 10-K. In the opinion of management, these condensed consolidated financial statements reflect all adjustments, including normal recurring adjustments, management considers necessary for the fair presentation of our financial position, operating results, comprehensive income, and cash flows for the interim periods presented. Our results for the interim periods are not necessarily indicative of results for the entire year. Recent Accounting Pronouncements Debt Issuance Costs. Deferred Taxes. We elected to apply this guidance retrospectively to all prior periods to maintain the comparability of presentation between periods. Early adoption is permitted, so we elected to early adopt this standard at December 31, 2015, which resulted in the reclassification of deferred tax assets and liabilities of $17.2 and $0.1 million, respectively, from current to noncurrent in our Condensed Consolidated Balance Sheet as of December 31, 2014. Measurement Period Adjustments. Inventory Valuation. Stock-based Compensation. • Certain excess tax benefits and deficiencies are accounted for as additional paid-in capital under current guidance. Under the new guidance, all excess tax benefits and deficiencies will be recognized as income tax expense. • The requirement to reclassify the gross excess tax benefits related to stock-based compensation from operating to financing activities in the statement of cash flows is eliminated. • A company-wide election is allowed to account for forfeitures when they occur instead of estimating the forfeiture rate. • Statutory tax withholding will be permitted up to the maximum statutory tax rate in applicable jurisdictions. We are evaluating the impact of ASU 2016-09 on our results of operations and statement of cash flows. Revenue Recognition. The guidance requires comprehensive annual and interim disclosures regarding the nature, amount, timing, and uncertainty of recognized revenue. Qualitative and quantitative disclosures will be required regarding: • contracts with customers, including revenue and impairments recognized, disaggregation, and information about contract balances and performance obligations, • significant judgments and changes in judgments required to determine the transaction price, amounts allocated to performance obligations, and the timing for recognizing revenue resulting from the satisfaction of performance obligations, and • assets recognized from the costs to obtain or fulfill a contract. The new revenue recognition guidance will be effective in the first quarter of 2018. We are evaluating its impact on our revenue and results of operations. Principal vs Agent. A number of indicators of the nature of the relationship that are considered under current guidance have been streamlined and clarified in the new guidance by focusing more specifically on the performance obligations that must be fulfilled in the transaction, which entity carries the inventory risk in the transaction, and which entity controls the pricing of the good or service. Credit risk will no longer be a criterion. This guidance will be effective in the first quarter of 2018. We are evaluating its impact on our revenue and results of operations. Lease Arrangements. The recognition, measurement, and presentation of expenses and cash flows arising from a lease by a lessee have not significantly changed from previous guidance. There continues to be a differentiation between finance leases and operating leases. The criteria for determining whether a lease is a financing or operating lease are substantially the same as existing guidance except that the “bright line” percentages have been removed. • For finance leases, interest is recognized on the lease liability separately from depreciation of the right-of-use asset in the statement of operations. Principal repayments are classified within financing activities and interest payments are classified as operating activities in the statement of cash flows. • For operating leases, a lessee is required to recognize lease expense generally on a straight-line basis. All operating lease payments are classified as operating activities in the statement of cash flows. The current build-to-suit lease accounting guidance will be rescinded by the new guidance. Lessor accounting is largely unchanged from current guidance except for revisions necessary to conform to the requirements of the recently issued revenue recognition guidance. Operating lease revenue should generally continue to be recognized on a straight-line basis over the lease term. Finance lease revenue should generally continue to be recognized upon shipment. The new lease accounting guidance will be effective in the first quarter of 2019. We are evaluating its impact on our revenue and results of operations. Supplemental Cash Flow Information Three months ended March 31, (in thousands) 2016 2015 Net cash paid for income taxes $ 1,960 $ 1,381 Cash paid for interest expense $ 1,694 $ 1,278 Acquisitions of businesses: Cash paid for businesses purchased, excluding contingent consideration $ 8,238 $ 10 Cash acquired in business acquisition (256 ) — Net cash paid for businesses purchased, net of cash acquired $ 7,982 $ 10 Common stock issued in connection with Reggiani Macchine SpA (“Reggiani”) acquisition $ 73 $ — Non-cash investing and financing activities: Non-cash settlement of vacation liabilities by issuing restricted stock units (“RSUs”) $ 2,733 $ 1,353 Property and equipment received, but not paid 1,478 1,005 $ 4,211 $ 2,358

Earnings Per Share

Earnings Per Share	3 Months Ended
	Mar. 31, 2016
Earnings Per Share [Abstract]
Earnings Per Share	2. Earnings Per Share Net income per basic common share is computed using the weighted average number of common shares outstanding during the period. Net income per diluted common share is computed using the weighted average number of common and dilutive potential common shares outstanding during the period. Potential common shares result from the assumed exercise of outstanding common stock options having a dilutive effect using the treasury stock method, non-vested shares of restricted stock having a dilutive effect, non-vested restricted stock for which the performance criteria have been met, shares to be purchased under our Employee Stock Purchase Plan (“ESPP”) having a dilutive effect, the assumed issuance of shares from escrow related to the acquisition of Corrugated Technologies, Inc. (“CTI”), the assumed conversion of our convertible senior notes due 2019 (“Notes”) having a dilutive effect using the treasury stock method when the stock price exceeds the conversion price of the Notes, and the assumed exercise of our Warrants having a dilutive effect using the treasury stock method when the stock price exceeds the warrant strike price. Any potential shares that are anti-dilutive as defined in Accounting Standards Codification (“ASC”) 260, Earnings Per Share, are excluded from the effect of dilutive securities. Performance-based and market-based restricted stock and stock options that would be issuable if the end of the reporting period were the end of the vesting period, if the result would be dilutive, are assumed to be outstanding for purposes of determining net income per diluted common share as of the later of the beginning of the period or the grant date in accordance with ASC 260-10-45-48. Accordingly, performance-based RSUs, which vested on various dates during the three months ended March 31, 2016 and 2015, based on achievement of specified performance criteria related to revenue and non-GAAP operating income targets, and performance-based stock options, which vested during the three months ended March 31, 2016 based on achievement of specified targets related to non-GAAP return on equity are included in the determination of net income per diluted common share as of the beginning of each period. Basic and diluted earnings per share for the three months ended March 31, 2016 and 2015 are reconciled as follows (in thousands, except per share amounts): Three months ended March 31, 2016 2015 Basic net income per share: Net income available to common shareholders $ 1,854 $ 5,237 Weighted average common shares outstanding 47,215 47,002 Basic net income per share $ 0.04 $ 0.11 Diluted net income per share: Net income available to common shareholders $ 1,854 $ 5,237 Weighted average common shares outstanding 47,215 47,002 Diluted stock options and non-vested restricted stock 708 854 Weighted average common shares outstanding for purposes of computing diluted net income per share 47,923 47,856 Diluted net income per share $ 0.04 $ 0.11 Potential shares of common stock that are not included in the determination of diluted net income per share because they are anti-dilutive for the periods presented consist of shares to be purchased under our ESPP having an anti-dilutive effect of less than 0.1 million shares for the three months ended March 31, 2016 and 2015. The weighted-average number of common shares outstanding does not include the effect of the potential common shares from conversion of our Notes and exercise of our Warrants, which were issued in September 2014. The effects of these potentially outstanding shares were not included in the calculation of diluted net income per share because the effect would have been anti-dilutive since the conversion price of the Notes and the strike price of the warrants exceeded the average market price of our common stock. We have the option to pay cash, issue shares of common stock, or any combination thereof for the aggregate amount due upon conversion of the Notes. Our intent is to settle the principal amount of the Notes in cash upon conversion. As a result, only amounts payable in excess of the principal amount of the Notes are considered in diluted net income per share under the treasury stock method. The Note Hedges are also not included in the calculation of diluted net income per share because the effect of any exercise of the Note Hedges would be anti-dilutive. Please refer to Note 6 – Convertible Senior Notes, Note Hedges, and Warrants of the Notes to Condensed Consolidated Financial Statements for additional information regarding our Notes, Note Hedges, and Warrants.

Balance Sheet Details

Balance Sheet Details	3 Months Ended
	Mar. 31, 2016
Text Block [Abstract]
Balance Sheet Details	3. Balance Sheet Details Inventories Inventories, net of allowances, as of March 31, 2016 and December 31, 2015 are as follows (in thousands): March 31, December 31, Raw materials $ 63,102 $ 53,783 Work in process 6,686 6,646 Finished goods 51,878 45,949 $ 121,666 $ 106,378 Deferred Cost of Revenue Deferred cost of revenue related to unrecognized revenue on shipments to customers was $7.2 and $8.7 million as of March 31, 2016 and December 31, 2015, respectively, and is included in other current assets in our Condensed Consolidated Balance Sheets. Product Warranty Reserves The changes in product warranty reserves during the three months ended March 31, 2016 and 2015 are as follows (in thousands): 2016 2015 Balance at January 1, $ 9,635 $ 9,682 Provisions, net of releases 3,073 3,557 Settlements (3,041 ) (3,438 ) Balance at March 31, $ 9,667 $ 9,801 Accumulated Other Comprehensive Loss (“OCI”) OCI classified within stockholders’ equity in our Condensed Consolidated Balance Sheets as of March 31, 2016 and December 31, 2015 is as follows (in thousands): March 31, December 31, Net unrealized investment gains (losses) $ 418 $ (376 ) Currency translation losses (10,603 ) (17,049 ) Net unrealized gains (losses) on cash flow hedges 52 1 Accumulated other comprehensive loss $ (10,133 ) $ (17,424 ) Amounts reclassified out of OCI were less than $0.1 million, net of tax, for the three months ended March 31, 2016 and 2015, and consisted of unrealized gains and losses from investments in debt securities that are reported within interest income and other expense, net, in our Condensed Consolidated Statements of Operations.

Acquisitions

Acquisitions	3 Months Ended
	Mar. 31, 2016
Business Combinations [Abstract]
Acquisitions	4. Acquisitions Rialco ® Limited (“Rialco”), a private limited liability company incorporated in England and Wales and headquartered in Bradford, U.K., was acquired on March 1, 2016. Rialco has been included in the Industrial Inkjet operating segment. Acquisition-related transaction costs were $0.5 million during the three months ended March 31, 2016. We purchased Rialco for cash consideration of $8.4 million, net of cash acquired, plus an additional potential future cash earnout, which is contingent on achieving certain revenue and gross profit performance targets over three consecutive 12-month periods. Rialco is a leading European supplier of dye powders and color products for the textile, digital print, and industrial manufacturing industries. Rialco’s pure disperse dyes are particularly important in the manufacture of high-quality dye sublimation inkjet inks for textile applications, which is a key growth area in the global migration from analog to digital print. The fair value of the earnout related to the Rialco acquisition is currently estimated to be $2.2 million by applying the income approach in accordance with ASC 805-30-25-5. Key assumptions include a risk-free discount rate of 0.8%, a probability-adjusted revenue level, and probability-adjusted gross profit. Probability-adjusted revenue and gross profit are significant inputs that are not observable in the market, which ASC 820-10-35, refers to as Level 3 inputs. This contingent liability is reflected in the Condensed Consolidated Balance Sheet as of March 31, 2016, as a noncurrent liability as of March 31, 2016 with the first payment due in the third quarter of 2017, if earned. In accordance with ASC 805-30-35-1, changes in the fair value of contingent consideration subsequent to the acquisition date are recognized in general and administrative expenses. The Rialco acquisition was accounted for as a purchase business combination. In accordance with ASC 805, the purchase price has been allocated to the tangible and identifiable intangible assets acquired and liabilities assumed on the basis of their respective estimated fair values on each acquisition date based on the valuation performed by management with the assistance of a third party. Excess purchase consideration was recorded as goodwill. Factors contributing to a purchase price that results in goodwill include, but are not limited to, the retention of research and development personnel with skills to develop future technology, support personnel to provide maintenance services related to the products, a trained sales force capable of selling current and future products, and the positive reputation of Rialco in the market. Rialco’s technical and commercial capabilities will benefit the Industrial Inkjet operating segment in the sourcing, specification, and purification of high quality dyes and expand our research, development, and innovation base to develop ink for the signage, ceramic, and packaging markets. We engaged a third party valuation firm to aid management in its analysis of the fair value of Rialco. All estimates, key assumptions, and forecasts were either provided by or reviewed by us. While we chose to utilize a third party valuation firm, the fair value analyses and related valuations represent the conclusions of management and not the conclusions or statements of any third party. The purchase price allocations are preliminary and subject to change within the measurement periods as the valuations are finalized. We expect to continue to obtain information to assist us in finalizing the fair value of the net assets acquired at the respective acquisition dates during the respective measurement periods. Valuation Methodologies Intangible assets acquired consist of customer relationships, customer backlog, trade name, and existing technology. Customer Relationships and Backlog Trade Names Existing Technology The preliminary allocation of the purchase price to the assets acquired and liabilities assumed (in thousands) in the Rialco acquisition on March 1, 2016 is summarized as follows: Weighted average useful life Purchase Customer relationships 5 years $ 2,512 Existing technology 5 years 846 Trade names 4 years 763 Backlog less than one year 56 Goodwill — 1,426 5,603 Net tangible assets 5,177 Total purchase price $ 10,780 Pro forma results of operations for Rialco have not been presented because they are not material to our Condensed Consolidated Results of Operations for the three months ended March 31, 2016 and 2015. Goodwill, which represents the excess of the purchase price over the net tangible and intangible assets acquired, is not deductible for tax purposes. Rialco generates revenue and incurs operating expenses primarily in British pounds sterling. Upon consideration of the salient economic indicators discussed in ASC 830-10-55-5, Foreign Currency Matters, we consider British pounds sterling to be the functional currency for Rialco.

Investments and Fair Value Meas

Investments and Fair Value Measurements	3 Months Ended
	Mar. 31, 2016
Text Block [Abstract]
Investments and Fair Value Measurements	5. Investments and Fair Value Measurements We invest our excess cash on deposit with major banks in money market, U.S. Treasury and government-sponsored entity, corporate, asset-backed, and mortgage-backed residential debt securities. By policy, we invest primarily in high-grade marketable securities. We are exposed to credit risk in the event of default by the financial institutions or issuers of these investments to the extent of amounts recorded in our Condensed Consolidated Balance Sheets. We consider all highly liquid investments with an original maturity of three months or less at the time of purchase to be cash equivalents. Typically, the cost of these investments has approximated fair value. Marketable investments with a maturity greater than three months are classified as available-for-sale short-term investments. Available-for-sale securities are stated at fair value with unrealized gains and losses reported as a separate component of OCI, adjusted for deferred income taxes. The credit portion of any other-than-temporary impairment is included in net income. Realized gains and losses on sales of financial instruments are recognized upon sale of the investments using the specific identification method. Our available-for-sale short-term investments as of March 31, 2016 and December 31, 2015 are as follows (in thousands): Amortized cost Gross unrealized Gross losses Fair value March 31, 2016 U.S. Government and sponsored entities $ 81,008 $ 322 $ (2 ) $ 81,328 Corporate debt securities 165,037 368 (236 ) 165,169 Asset-backed securities 33,298 273 (56 ) 33,515 Mortgage-backed securities – residential 1,460 2 (3 ) 1,459 Total short-term investments $ 280,803 $ 965 $ (297 ) $ 281,471 December 31, 2015 U.S. Government and sponsored entities $ 98,411 $ 12 $ (137 ) $ 98,286 Corporate debt securities 198,498 20 (510 ) 198,008 Asset-backed securities 35,276 195 (174 ) 35,297 Mortgage-backed securities – residential 1,689 2 (6 ) 1,685 Total short-term investments $ 333,874 $ 229 $ (827 ) $ 333,276 The fair value and duration that investments, including cash equivalents, have been in a gross unrealized loss position as of March 31, 2016 and December 31, 2015 are as follows (in thousands): Less than 12 Months More than 12 Months TOTAL Fair Value Unrealized Fair Value Unrealized Fair Value Unrealized March 31, 2016 U.S. Government and sponsored entities $ 15,813 $ (2 ) $ — $ — $ 15,813 $ (2 ) Corporate debt securities 68,349 (189 ) 11,957 (47 ) 80,306 (236 ) Asset-backed securities 18,392 (16 ) 7,022 (40 ) 25,414 (56 ) Mortgage-backed securities – residential 487 (1 ) 240 (2 ) 727 (3 ) Total $ 103,041 $ (208 ) $ 19,219 $ (89 ) $ 122,260 $ (297 ) December 31, 2015 U.S. Government and sponsored entities $ 82,366 $ (137 ) $ — $ — $ 82,366 $ (137 ) Corporate debt securities 136,274 (448 ) 16,940 (62 ) 153,214 (510 ) Asset-backed securities 27,928 (103 ) 7,131 (71 ) 35,059 (174 ) Mortgage-backed securities – residential 764 (2 ) 269 (4 ) 1,033 (6 ) Total $ 247,332 $ (690 ) $ 24,340 $ (137 ) $ 271,672 $ (827 ) For fixed income securities that have unrealized losses as of March 31, 2016, we have determined that we do not have the intent to sell any of these investments and it is not more likely than not that we will be required to sell any of these investments before recovery of the entire amortized cost basis. We have evaluated these fixed income securities and determined that no credit losses exist. Accordingly, management has determined that the unrealized losses on our fixed income securities as of March 31, 2016 were temporary in nature. Amortized cost and estimated fair value of investments as of March 31, 2016 are summarized by maturity date as follows (in thousands): Amortized cost Fair value Mature in less than one year $ 90,975 $ 90,993 Mature in one to three years 189,828 190,478 Total short-term investments $ 280,803 $ 281,471 Net realized gains of less than $0.1 million from sales of investments were recognized in interest income and other expense, net, for the three months ended March 31, 2016 and 2015. Net unrealized gains of $0.7 million and net unrealized losses of $0.6 million, respectively, were included in OCI in the accompanying Condensed Consolidated Balance Sheets as of March 31, 2016 and December 31, 2015, respectively. Fair Value Measurements ASC 820, Fair Value Measurement, identifies fair value as the exchange price, or exit price, representing the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. As a basis for considering market participant assumptions in fair value measurements, ASC 820 establishes a three-tier fair value hierarchy as follows: Level 1: Inputs that are quoted prices in active markets for identical assets or liabilities that the reporting entity has the ability to access at the measurement date; Level 2: Inputs that are other than quoted prices included within Level 1, that are either directly or indirectly observable for the asset or liability through correlation with market data at the measurement date for the duration of the instrument’s anticipated life or by comparison to similar instruments; and Level 3: Inputs that are unobservable or reflect management’s best estimate of what market participants would use in pricing the asset or liability at the measurement date. These include management’s own judgments about market participant assumptions developed based on the best information available in the circumstances. We utilize the market approach to measure the fair value of our fixed income securities. The market approach is a valuation technique that uses prices and other relevant information generated by market transactions involving identical or comparable assets or liabilities. The fair value of our fixed income securities is obtained using readily-available market prices from a variety of industry standard data providers, large financial institutions, and other third-party sources for the identical underlying securities. The fair value of our investments in certain money market funds is expected to maintain a Net Asset Value of $1 per share and, as such, is priced at the expected market price. We obtain the fair value of our Level 2 financial instruments from several third party asset managers, custodian banks, and the accounting service providers. Independently, these service providers use professional pricing services to gather pricing data, which may include quoted market prices for identical or comparable instruments or inputs other than quoted prices that are observable either directly or indirectly. As part of this process, we engaged a pricing service to assist management in its pricing analysis and assessment of other-than-temporary impairment. All estimates, key assumptions, and forecasts were either provided by or reviewed by us. While we chose to utilize a third party pricing service, the impairment analysis and related valuations represent conclusions of management and not conclusions or statements of any third party. Our investments and liabilities measured at fair value have been presented in accordance with the fair value hierarchy specified in ASC 820 as of March 31, 2016 and December 31, 2015 in order of liquidity as follows (in thousands): Total Quoted Prices Significant Unobservable (Level 3) March 31, 2016 Assets: Money market funds $ 62,197 $ 62,197 $ — $ — U.S. Government and sponsored entities 81,328 39,738 41,590 — Corporate debt securities 165,739 — 165,739 — Asset-backed securities 33,516 — 33,280 236 Mortgage-backed securities – residential 1,458 — 1,458 — $ 344,238 $ 101,935 $ 242,067 $ 236 Liabilities: Contingent consideration, current and noncurrent $ 57,633 $ — $ — $ 57,633 Self-insurance 1,477 — — 1,477 $ 59,110 $ — $ — $ 59,110 December 31, 2015 Assets: Money market funds $ 13,221 $ 13,221 $ — $ — U.S. Government and sponsored entities 98,286 34,712 63,574 — Corporate debt securities 198,778 — 198,778 — Asset-backed securities 35,297 — 35,113 184 Mortgage-backed securities – residential 1,684 — 1,684 — $ 347,266 $ 47,933 $ 299,149 $ 184 Liabilities: Contingent consideration, current and noncurrent $ 54,796 $ — $ — $ 54,796 Self-insurance 1,268 — — 1,268 $ 56,064 $ — $ — $ 56,064 Money market funds consist of $62.2 and $13.2 million, which have been classified as cash equivalents as of March 31, 2016 and December 31, 2015, respectively. Corporate debt securities include $0.6 and 0.7 million, which have been classified as cash equivalents as of March 31, 2016 and December 31, 2015, respectively. Investments are generally classified within Level 1 or Level 2 of the fair value hierarchy because they are valued using quoted market prices or alternative pricing sources with reasonable levels of price transparency. Investments in U.S. Treasury obligations and overnight money market mutual funds have been classified as Level 1 because these securities are valued based on quoted prices in active markets or are actively traded at $1.00 Net Asset Value. There have been no transfers between Level 1 and 2 during the three months ended March 31, 2016 and 2015. Government agency investments and corporate debt instruments, including investments in asset-backed and mortgage-backed securities, have generally been classified as Level 2 because markets for these securities are less active or valuations for such securities utilize significant inputs, which are directly or indirectly observable. We hold asset-backed securities with income payments derived from and collateralized by a specified pool of underlying assets. Asset-backed securities in the portfolio are predominantly collateralized by credit cards and auto loans. We also hold two asset-backed securities collateralized by mortgage loans, which have been fully reserved. Liabilities for Contingent Consideration Acquisition-related liabilities for contingent consideration (i.e., earnouts) are related to the purchase business combinations of Rialco in 2016; Shuttleworth Business Systems Limited and CDM Solutions Limited (collectively, “Shuttleworth”), CTI, and Reggiani Macchine SpA (“Reggiani”) in 2015; DiMS! organizing print BV (“DIMS”), DirectSmile GmbH (“DirectSmile”), and SmartLinc, Inc. (“SmartLinc”) in 2014; Outback Software Pty. Ltd. doing business as Metrix Software (“Metrix”), GamSys Software SPRL (“GamSys”), and PrintLeader Software (“PrintLeader”) in 2013; and Technique, Inc. and Technique Business Systems Limited (collectively, “Technique”) in 2012. The fair value of these earnouts is estimated to be $57.6 and $54.8 million as of March 31, 2016 and December 31, 2015, respectively, by applying the income approach in accordance with ASC 805-30-25-5, Business Combinations. Key assumptions include risk-free discount rates between 0.6% and 4.98% (Monte Carlo valuation method) and discount rates between 4.2% and 6.0% (probability-adjusted method), as well as probability-adjusted revenue, gross profit, and EBIT levels. Probability-adjusted revenue, gross profit, and EBIT are significant inputs that are not observable in the market, which ASC 820-10-35 refers to as Level 3 inputs. These contingent liabilities have been reflected in the Condensed Consolidated Balance Sheet as of March 31, 2016 as current and noncurrent liabilities of $3.9 and $53.7 million, respectively. The fair value of contingent consideration decreased by $0.8 million, partially offset by $0.6 million of earnout interest accretion related to all acquisitions, during the three months ended March 31, 2016. The Reggiani earnout performance probability increased while the DIMS earnout performance probability decreased during the three months ended March 31, 2016. The fair value of contingent consideration decreased by $3.5 million, partially offset by $1.4 million of earnout interest accretion related to all acquisitions, during the year ended December 31, 2015. The DIMS, DirectSmile, GamSys, and Metrix earnout performance probability percentages decreased in 2015. In accordance with ASC 805-30-35-1, changes in the fair value of contingent consideration subsequent to the acquisition date have been recognized in general and administrative expense. Earnout payments during the three months ended March 31, 2016 of $1.2 and $0.2 million are primarily related to the previously accrued DirectSmile and Metrix contingent consideration liabilities, respectively. Earnout payments during the year ended December 31, 2015 of $2.0, $1.1, $0.6, and $0.3 million are primarily related to the previously accrued Technique, GamSys, Metrix, and SmartLinc contingent consideration liabilities, respectively. Changes in the fair value of contingent consideration are summarized as follows (in thousands): Fair value of contingent consideration at January 1, 2015 $ 12,277 Fair value of Reggiani contingent consideration at July 1, 2015 43,170 Fair value of CTI contingent consideration at October 6, 2015 2,551 Fair value of Shuttleworth contingent consideration at November 4, 2015 5,077 Changes in valuation (3,575 ) Payments (4,093 ) Foreign currency adjustment (611 ) Fair value of contingent consideration at December 31, 2015 $ 54,796 Fair value of Rialco contingent consideration at March 1, 2016 $ 2,109 Changes in valuation (206 ) Payments (1,443 ) Foreign currency adjustment 2,377 Fair value of contingent consideration at March 31, 2016 $ 57,633 Since the primary inputs to the fair value measurement of the contingent consideration liability are the discount rate and probability-adjusted revenue, we reviewed the sensitivity of the fair value measurement to changes in these inputs. We assessed the probability of achieving the revenue performance targets for the contingent consideration associated with each acquisition at percentage levels between 60% and 100% as of each respective acquisition date based on an assessment of the historical performance of each acquired entity, our current expectations of future performance, and other relevant factors. A change in probability-adjusted revenue of five percentage points from the level assumed in the current valuations would result in a change in the fair value of contingent consideration of $1.8 million resulting in a corresponding adjustment to general and administrative expense. A change in the discount rate of one percentage point results in a change in the fair value of contingent consideration of $1.3 million. The potential undiscounted amount of future contingent consideration cash payments that we could be required to make related to our business acquisitions, beyond amounts currently accrued, is $16.0 million as of March 31, 2016. Fair Value of Derivative Instruments We utilize the income approach to measure the fair value of our derivative assets and liabilities. The income approach uses pricing models that rely on market observable inputs such as yield curves, currency exchange rates, and forward prices, and are therefore classified as Level 2 measurements. The notional amount of our derivative assets and liabilities was $156.2 and $118.6 million as of March 31, 2016 and December 31, 2015, respectively. The fair value of our derivative assets and liabilities that were designated for cash flow hedge accounting treatment having notional amounts of $3.4 and $3.2 million as of March 31, 2016 and December 31, 2015, respectively, was not material. Fair Value of Convertible Senior Notes In September 2014, we issued $345 million aggregate principal amount of 0.75% Convertible Senior Notes due 2019 (“Notes”). The Notes are carried at their original issuance value, net of unamortized debt discount, and are not marked to market each period. The approximate fair value of the Notes as of March 31, 2016 was approximately $362 million and was considered a Level 2 fair value measurement. Fair value was estimated based upon actual quotations obtained at the end of the reporting period or the most recent date available. A substantial portion of the market value of our Notes in excess of the outstanding principal amount relates to the conversion premium.

Convertible Senior Notes ("Note

Convertible Senior Notes ("Notes"), Note Hedges, and Warrants	3 Months Ended
	Mar. 31, 2016
Debt Disclosure [Abstract]
Convertible Senior Notes ("Notes"), Note Hedges, and Warrants	6. Convertible Senior Notes (“Notes”), Note Hedges, and Warrants 0.75% Convertible Senior Notes Due 2019 In September 2014, we completed a private placement of $345 million principal amount of 0.75% Convertible Senior Notes due 2019 (“Notes”). The Notes were sold to the initial purchasers for resale to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended. The net proceeds from this offering were approximately $336.3 million, after deducting the initial purchasers’ commissions and the offering expenses paid by us. We used approximately $29.4 million of the net proceeds to purchase the Note Hedges described below, net of the proceeds from the Warrant transactions also described below. The Notes are senior unsecured obligations of EFI with interest payable semiannually in arrears on March 1 and September 1 of each year, commencing March 1, 2015. The Notes are not callable and will mature on September 1, 2019, unless previously purchased or converted in accordance with their terms prior to such date. Holders of the Notes who convert in connection with a “fundamental change,” as defined in the indenture governing the Notes (“Indenture”), may require us to purchase for cash all or any portion of their Notes at a purchase price equal to 100 percent of the principal amount of the Notes to be repurchased, plus accrued and unpaid interest, if any. The initial conversion rate is 18.9667 shares of common stock per $1,000 principal amount of Notes, which is equivalent to an initial conversion price of approximately $52.72 per share of common stock. Upon conversion of the Notes, holders will receive cash, shares of common stock or a combination thereof, at our election. Our intent is to settle the principal amount of the Notes in cash upon conversion. If the conversion value exceeds the principal amount, we would deliver shares of our common stock for our conversion obligation in excess of the aggregate principal amount. As of March 31, 2016, none of the conditions listed below allowing holders of the Notes to convert had been met. Throughout the term of the Notes, the conversion rate may be adjusted upon the occurrence of certain events. Holders of the Notes will not receive any cash payment representing accrued and unpaid interest upon conversion of a Note. Holders may convert their Notes only under the following circumstances: • during any calendar quarter commencing after the calendar quarter ending on December 31, 2014 (and only during such calendar quarter), if the last reported sale price of our common stock for at least 20 trading days (whether or not consecutive) during a period of 30 consecutive trading days ending on the last trading day of the immediately preceding calendar quarter is greater than or equal to 130% of the conversion price on each applicable trading day; • during the five business day period after any five consecutive trading day period (“Notes Measurement Period”) in which the “trading price” (as the term is defined in the Indenture) per $1,000 principal amount of Notes for each trading day of such Notes Measurement Period was less than 98% of the product of the last reported stock price on such trading day and the conversion rate on each such trading day; • upon the occurrence of specified corporate events; or • at any time on or after March 1, 2019 until the close of business on the second scheduled trading day immediately preceding the maturity date. We separated the Notes into liability and equity components. The carrying amount of the liability component was calculated by measuring the estimated fair value of a similar liability that does not have an associated convertible feature. The carrying amount of the equity component representing the conversion option was determined by deducting the fair value of the liability component from the face value of the Notes as a whole. The excess of the principal amount of the liability component over its carrying amount (“debt discount”) is amortized to interest expense over the term of the Notes using the effective interest method with an effective interest rate of 4.98% per annum (5.46% inclusive of debt issuance costs). The equity component is not remeasured as long as it continues to meet the conditions for equity classification. We allocated the total transaction costs incurred by the Note issuance to the liability and equity components based on their relative values. Issuance costs of $7.0 million attributable to the $281.4 million liability component are being amortized to expense over the term of the Notes, and issuance costs of $1.6 million attributable to the $63.6 million equity component were offset against the equity component in stockholders’ equity. Additionally, we recorded a deferred tax liability of $23.7 million on the debt discount, which is not deductible for tax purposes. The Notes consist of the following as of March 31, 2016 (in thousands): March 31, December 31, Liability component $ 345,000 $ 345,000 Debt discount, net of amortization (45,539 ) (48,515 ) Debt issuance costs, net of amortization (5,396 ) (5,751 ) Net carrying amount $ 294,065 $ 290,734 Equity component $ 63,643 $ 63,643 Less: debt issuance costs allocated to equity (1,582 ) (1,582 ) Net carrying amount $ 62,061 $ 62,061 Upon adoption of ASU 2015-03, $5.8 million of debt issuance costs have been reclassified from other current assets and other assets to a direct reduction of convertible senior notes, net, in our Condensed Consolidated Balance Sheet as of December 31, 2015. Interest expense recognized related to the Notes during the three months ended March 31, 2016 and 2015 was as follows (in thousands): 2016 2015 0.75% coupon $ 640 $ 647 Amortization of debt issuance costs 355 342 Amortization of debt discount 2,976 2,849 $ 3,971 $ 3,838 Note Hedges We paid an aggregate of $63.9 million in convertible note hedge transactions with respect to our common stock (“Note Hedges”) in September 2014. The Note Hedges will expire upon maturity of the Notes. The Note Hedges are intended to offset the potential dilution upon conversion and/or offset any cash payments we are required to make in excess of the principal amount upon conversion of the Notes in the event that the market value per share of our common stock, as measured under the terms of the Note Hedges, is greater than the strike price of the Note Hedges. The strike price of the Note Hedges initially correspond to the conversion price of the Notes and is subject to anti-dilution adjustments substantially similar to those applicable to the conversion price of the Notes. The Note Hedges are separate transactions and are not part of the Notes. Holders of the Notes will not have any rights with respect to the Note Hedges. Warrants Concurrently with entering into the Note Hedges, we separately entered into warrant transactions (“Warrants”), whereby we sold warrants to acquire shares of our common stock at a strike price of $68.86 per share. We received aggregate proceeds of $34.5 million from the sale of the Warrants. If the average market value per share of our common stock for the reporting period, as measured under the Warrants, exceeds the strike price of the Warrants, the Warrants will have a dilutive effect on our earnings per share. The Warrants are separate transactions and are not part of the Notes or the Note Hedges and are accounted for as a component of additional paid-in capital. Holders of the Notes and Note Hedges will not have any rights with respect to the Warrants.

Income taxes

Income taxes	3 Months Ended
	Mar. 31, 2016
Income Tax Disclosure [Abstract]
Income taxes	7. Income taxes We recognized tax provisions of $0.3 and $1.1 million on pretax net income of $2.1 and $6.3 million during the three months ended March 31, 2016 and 2015, respectively. The provisions for income taxes before discrete items were $0.5 and $1.8 million during the three months ended March 31, 2016 and 2015, respectively. The decrease in the provision for income taxes before discrete items for the three months ended March 31, 2016, compared with the same period in the prior year, is primarily due to the decrease in profitability before income taxes and increased income earned in jurisdictions with tax rates lower than the statutory U.S. tax rate. Primary differences between our recorded tax provision rate and the U.S. statutory rate of 35% include lower taxes on permanently reinvested foreign earnings and the tax effects of stock-based compensation expense pursuant to ASC 718-740, Stock Compensation – Income Taxes, which are non-deductible for tax purposes. Our tax provision before discrete items is reconciled to our recorded provision for income taxes for the three months ended March 31, 2016 and 2015 as follows (in millions): Three months ended March 31, 2016 2015 Provision for income taxes before discrete items $ 0.5 $ 1.8 Interest related to unrecognized tax benefits 0.2 0.1 Benefit related to U.S. transfer pricing adjustment — (0.4 ) Benefit related to Spanish statutory and tax intangibles write-off — (0.3 ) Benefit for reassessment of taxes upon filing of tax returns (0.3 ) — Tax deductions related to ESPP dispositions (0.1 ) (0.1 ) Provision for income taxes $ 0.3 $ 1.1 As of March 31, 2016 and December 31, 2015, gross unrecognized benefits that would affect the effective tax rate if recognized were $44.0 and $43.5 million, respectively. Over the next twelve months, our existing tax positions will continue to generate increased liabilities for unrecognized tax benefits. It is reasonably possible that our gross unrecognized tax benefits will decrease up to $3.8 million in the next twelve months primarily due to the lapse of the statute of limitations for federal and state tax purposes. These adjustments, if recognized, would positively impact our effective tax rate, and would be recognized as additional tax benefits in our Condensed Consolidated Statements of Operations. In accordance with ASU 2013-11, Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists, we recorded $35.4 million of gross unrecognized tax benefits as an offset to deferred tax assets as of March 31, 2016, and the remaining $11.7 million has been recorded as noncurrent income taxes payable. We recognize potential accrued interest and penalties related to unrecognized tax benefits in income tax expense. As of March 31, 2016 and December 31, 2015, we have accrued $0.7 and $0.5 million, respectively, for potential payments of interest and penalties. We are subject to examination by the Internal Revenue Service (“IRS”) for the 2012-2015 tax years, state tax jurisdictions for the 2011-2015 tax years, the Netherlands tax authority for the 2014-2015 tax years, the Spanish tax authority for the 2011-2015 tax years, and the Italian tax authority for the 2012-2015 tax years.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2016
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	8. Commitments and Contingencies Contingent Consideration We are required to make payments to the former stockholders of acquired companies based on the achievement of specified performance targets as more fully explained in Note 5 – Investments and Fair Value Measurements. Lease Commitments and Contractual Obligations As of March 31, 2016, we have leased certain of our current facilities under noncancellable operating lease agreements. We are required to pay property taxes, insurance, and nominal maintenance costs for certain of these facilities and any increases over the base year of these expenses on the remainder of our facilities. Legal Proceedings We may be involved, from time to time, in a variety of claims, lawsuits, investigations, or proceedings relating to contractual disputes, securities laws, intellectual property rights, employment, or other matters that may arise in the normal course of business. We assess our potential liability in each of these matters by using the information available to us. We develop our views on estimated losses in consultation with inside and outside counsel, which involves a subjective analysis of potential results and various combinations of appropriate litigation and settlement strategies. We accrue estimated losses from contingencies if a loss is deemed probable and can be reasonably estimated. As of March 31, 2016, we are subject to the matter discussed below. Matan Digital Printing (“MDG”) Matter EFI acquired Matan Digital Printers (“Matan”) in 2015 from sellers (the “2015 Sellers”) that acquired Matan Digital Printing Ltd. from other sellers in 2001 (the “2001 Sellers”). The 2001 Sellers have asserted a claim against the 2015 Sellers and Matan asserting that they are entitled to a portion of the 2015 Sellers’ proceeds from EFI’s acquisition. The 2015 Sellers dispute this claim and have agreed to indemnify EFI against the 2001 Sellers’ claim. Although we are fully indemnified and we do not believe that it is probable that we will incur a loss, it is reasonably possible that our financial statements could be materially affected by the unfavorable resolution of this matter. Accordingly, it is reasonably possible that we could incur a material loss in this matter. We estimate the range of loss to be between one dollar and $9.6 million. If we incur a loss in this matter, it will be offset by a receivable of an equal amount representing a claim for indemnification against the escrow account established in connection with the Matan acquisition. Other Matters As of March 31, 2016, we were subject to various other claims, lawsuits, investigations, and proceedings in addition to the matter discussed above. There is at least a reasonable possibility that additional losses may be incurred in excess of the amounts that we have accrued. However, we believe that these claims are not material to our financial statements or the range of reasonably possible losses is not reasonably estimable. Litigation is inherently unpredictable, and while we believe that we have valid defenses with respect to legal matters pending against us, our financial statements could be materially affected in any particular period by the unfavorable resolution of one or more of these contingencies or because of the diversion of management’s attention and the incurrence of significant expenses.

Segment Information and Geograp

Segment Information and Geographic Data	3 Months Ended
	Mar. 31, 2016
Segment Reporting [Abstract]
Segment Information and Geographic Data	9. Segment Information and Geographic Data ASC 280, Segment Reporting, requires operating segment information to be presented based on the internal reporting used by the chief operating decision making group (“CODM”) to allocate resources and evaluate operating segment performance. Our CODM is comprised of our Chief Executive Officer and Chief Financial Officer. The CODM group is focused on assessment and resource allocation among the Industrial Inkjet, Productivity Software, and Fiery businesses. Our operating segments are integrated through their reporting and operating structures, shared technology and practices, shared sales and marketing, and combined production facilities. Our enterprise management processes use financial information that is closely aligned with our three operating segments at the gross profit level. Relevant discrete financial information is prepared at the gross profit level for each of our three operating segments, which is used by the CODM to allocate resources and assess the performance of each operating segment. We classify our revenue, operating segment profit (i.e., gross profit), assets, and liabilities in accordance with our operating segments as follows: Industrial Inkjet, Productivity Software, Productivity Suite Packaging Suite, Corrugated Packaging Suite, Enterprise Commercial Print Suite, Publication Print Suite, Mid-market Print Suite, Quick Print Suite, Value Add Products, Fiery, Our CODM evaluates the performance of our operating segments based on net sales and gross profit. Gross profit for each operating segment includes revenue from sales to third parties and related cost of revenue attributable to the operating segment. Cost of revenue for each operating segment excludes certain expenses managed outside the operating segments consisting primarily of stock-based compensation expense. Operating income is not reported by operating segment because operating expenses include significant shared expenses and other costs that are managed outside of the operating segments. Such operating expenses include various corporate expenses such as stock-based compensation, corporate sales and marketing, research and development, amortization of identified intangibles, various non-recurring charges, and other separately managed general and administrative expenses. Operating segment profit (i.e., gross profit), excluding stock-based compensation expense, for the three months ended March 31, 2016 and 2015 is summarized as follows (in thousands): Three months ended March 31, 2016 2015 Industrial Inkjet Revenue $ 125,798 $ 87,607 Gross profit 42,450 29,572 Gross profit percentages 33.7 % 33.8 % Productivity Software Revenue $ 32,540 $ 31,107 Gross profit 23,694 22,418 Gross profit percentages 72.8 % 72.1 % Fiery Revenue $ 75,795 $ 75,840 Gross profit 53,264 54,391 Gross profit percentages 70.3 % 71.7 % Operating segment profit (i.e., gross profit) is reconciled to our Condensed Consolidated Statements of Operations for the three months ended March 31, 2016 and 2015 as follows (in thousands): Three months ended March 31, 2016 2015 Segment gross profit $ 119,408 $ 106,381 Stock-based compensation expense (722 ) (824 ) Other items excluded from segment profit (314 ) (117 ) Gross profit $ 118,372 $ 105,440 Tangible and intangible assets, net of liabilities, are summarized by operating segment as follows (in thousands): March 31, 2016 Industrial Productivity Fiery Corporate and Net Assets Total Goodwill $ 141,106 $ 139,568 $ 63,695 $ — $ 344,369 Identified intangible assets, net 103,102 30,299 329 — 133,730 Tangible assets, net of liabilities 133,289 (14,897 ) 28,196 204,711 351,299 Net tangible and intangible assets $ 377,496 $ 154,970 $ 92,221 $ 204,711 $ 829,398 December 31, 2015 Goodwill $ 142,183 $ 133,128 $ 63,482 $ — $ 338,793 Identified intangible assets, net 101,623 33,432 497 — 135,552 Tangible assets, net of liabilities 102,351 (10,023 ) 23,954 233,567 349,849 Net tangible and intangible assets $ 346,157 $ 156,537 $ 87,933 $ 233,567 $ 824,194 Corporate and unallocated assets consist of cash and cash equivalents, short-term investments, corporate headquarters facility, convertible notes, imputed financing obligation, taxes receivable, and taxes payable. Geographic Regions Our revenue originates in the U.S., China, the Netherlands, Germany, Italy, France, the U.K., Spain, Israel, Brazil, Australia, and New Zealand. We report revenue by geographic region based on ship-to destination. Shipments to some of our significant printer manufacturer/distributor customers are made to centralized purchasing and manufacturing locations, which in turn sell through to other locations. As a result of these factors, we believe that sales to certain geographic locations might be higher or lower, as the ultimate destinations are difficult to ascertain. Our revenue by ship-to destination for the three months ended March 31, 2016 and 2015 was as follows (in thousands): Three months ended March 31, 2016 2015 Americas $ 120,266 $ 107,714 Europe, Middle East, and Africa (“EMEA”) 83,583 60,128 Asia Pacific (“APAC”) 30,284 26,712 Total revenue $ 234,133 $ 194,554

Derivatives and Hedging

Derivatives and Hedging	3 Months Ended
	Mar. 31, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivatives and Hedging	10. Derivatives and Hedging We are exposed to market risk and foreign currency exchange risk from changes in foreign currency exchange rates, which could affect operating results, financial position, and cash flows. We manage our exposure to these risks through our regular operating and financing activities and, when appropriate, through the use of derivative financial instruments. These derivative financial instruments are used to hedge monetary assets and liabilities, intercompany balances, trade receivables, anticipated cash flows, and to reduce earnings and cash flow volatility resulting from shifts in market rates. Our objective is to offset gains and losses resulting from these exposures with losses and gains on the derivative contracts used to hedge them, thereby reducing volatility of earnings or protecting fair values of assets and liabilities. We do not have any leveraged derivatives, nor do we use derivative contracts for speculative purposes. ASC 815, Derivatives and Hedging, requires the fair value of all derivative instruments, including those embedded in other contracts, to be recorded as assets or liabilities in our Condensed Consolidated Balance Sheet. The related cash flow impacts of our derivative contracts are reflected as cash flows from operating activities. Our exposures are primarily related to non-U.S. dollar-denominated revenue in Europe, the U.K., Latin America, China, Israel, Australia, New Zealand, and Canada, and to non-U.S. dollar-denominated operating expenses in Europe, India, Japan, the U.K., China, Israel, Brazil, and Australia. We hedge our operating expense cash flow exposure in Indian rupees. We hedge balance sheet remeasurement exposure associated with Brazilian real, British pound sterling, Israeli shekel, Australian dollar, Japanese yen, Chinese renminbi, and Euro-denominated intercompany balances; Brazilian real, British pound sterling, Australian dollar, Canadian dollar, and Euro-denominated trade receivables, and Indian rupee-denominated net monetary assets. By their nature, derivative instruments involve, to varying degrees, elements of market and credit risk. The market risk associated with these instruments resulting from currency exchange movement is expected to offset the market risk of the underlying transactions, assets, and liabilities being hedged (i.e., operating expense exposure in Indian rupees; the collection of trade receivables denominated in currencies other than their functional currency and the settlement of intercompany balances denominated in currencies other than their functional currency). We do not believe there is significant risk of loss from non-performance by the counterparty associated with these instruments because, by policy, we deal with counterparties having a minimum investment grade or better credit rating. Credit risk is managed through the continuous monitoring of exposures to such counterparties. Cash Flow Hedges Foreign currency derivative contracts with notional amounts of $3.4 and $3.2 million and net asset/liability amounts that are immaterial have been designated as cash flow hedges of our Indian rupee operating expense exposure at March 31, 2016 and December 31, 2015, respectively. The changes in fair value of these contracts are reported as a component of OCI and reclassified to operating expense in the periods of payment of the hedged operating expenses. The amount of ineffectiveness that was recorded in the Condensed Consolidated Statements of Operations for these designated cash flow hedges was immaterial. All components of each derivative’s gain or loss were included in the assessment of hedge effectiveness. Balance Sheet Hedges Forward contracts not designated as hedging instruments with notional amounts of $152.8 and $115.4 million are used to hedge foreign currency balance sheet exposures at March 31, 2016 and December 31, 2015, respectively. They are not designated for hedge accounting treatment since there is a natural offset for the remeasurement of the underlying foreign currency denominated asset or liability. We recognize changes in the fair value of non-designated derivative instruments in earnings in the period of change. Gains and losses on foreign currency forward contracts used to hedge balance sheet exposures are recognized in interest income and other expense, net, in the same period as the remeasurement gain or loss of the related foreign currency denominated assets and liabilities. Forward contracts not designated as hedging instruments consist of hedges of Brazilian real, British pound sterling, Israeli shekel, Australian dollar, Japanese yen, Chinese renminbi, and Euro-denominated intercompany balances with notional amounts of $94.6 and $63.7 million at March 31, 2016 and December 31, 2015, respectively; hedges of Brazilian real, British pound sterling, Australian dollar, Canadian dollar, and Euro-denominated trade receivables with notional amounts of $55.4 and $49.1 million at March 31, 2016 and December 31, 2015, respectively; and hedges of Indian rupee net monetary assets with notional amounts of $2.8 and $2.6 million at March 31, 2016 and December 31, 2015, respectively.

Restructuring and Other

Restructuring and Other	3 Months Ended
	Mar. 31, 2016
Restructuring and Related Activities [Abstract]
Restructuring and Other	11. Restructuring and Other During the three months ended March 31, 2016 and 2015, cost reduction actions were taken to lower our operating expense run rate as we continue to analyze and re-align our cost structure following our business acquisitions. These charges primarily relate to cost reduction actions undertaken to integrate recently acquired businesses, consolidate facilities, and lower our operating expense run rate. Restructuring and other consists primarily of restructuring, severance, retention, facility downsizing and relocation, and acquisition integration expenses. Our restructuring and other plans are accounted for in accordance with ASC 420, Exit or Disposal Cost Obligations, ASC 712, Compensation – Non-Retirement Postemployment Benefits, and ASC 820. Restructuring and other costs for the three months ended March 31, 2016 and 2015 were $2.7 and $1.0 million, respectively. Restructuring and other charges include severance costs of $2.5 and $0.7 million, which resulted from head count reductions of 71 and 34 for the three months ended March 31, 2016 and 2015, respectively. Severance costs include severance payments, related employee benefits, outplacement fees, and employee relocation costs. Facilities relocation and downsizing costs for the three months ended March 31, 2016 and 2015 were $0.1 and $0.4 million, respectively. Facilities restructuring and other costs primarily related to the relocation of certain manufacturing and administrative locations to accommodate additional space requirements. Integration expenses for the three months ended March 31, 2016 of $0.1 million were required to integrate our business acquisitions. Restructuring and other reserve activities for the three months ended March 31, 2016 and 2015 are summarized as follows (in thousands): 2016 2015 Reserve balance at January 1, $ 3,019 $ 2,102 Restructuring charges 1,846 882 Other charges 868 148 Non-cash restructuring and other (403 ) — Payments (1,828 ) (1,023 ) Reserve balance at March 31, $ 3,502 $ 2,109

Stock-based Compensation

Stock-based Compensation	3 Months Ended
	Mar. 31, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-based Compensation	12. Stock-based Compensation We account for stock-based payment awards in accordance with ASC 718, Stock Compensation, which requires the measurement and recognition of compensation expense for all equity awards granted to our employees and directors, including employee stock options, RSUs, and ESPP purchase rights related to all stock-based compensation plans based on the fair value of such awards on the date of grant. We amortize stock-based compensation cost on a graded vesting basis over the vesting period, after assessing estimated forfeitures and the probability of achieving the requisite performance criteria with respect to performance-based awards. Stock-based compensation cost is recognized over the requisite service period for each separately vesting tranche of the award as though the award were, in substance, multiple awards. Stock-based compensation expense related to stock options, ESPP purchase rights, and RSUs for the three months ended March 31, 2016 and 2015 is summarized as follows (in thousands): Three months ended March 31, 2016 2015 Employee stock options $ (45 ) $ 34 RSUs 10,836 7,679 ESPP 766 1,179 Total stock-based compensation 11,557 8,892 Income tax benefit (2,659 ) (1,979 ) Stock-based compensation expense, net of tax $ 8,898 $ 6,913 Valuation Assumptions for Stock Options and ESPP Purchases We use the Black-Scholes-Merton (“BSM”) option pricing model to value stock-based compensation for all equity awards, except market-based awards, which are valued using the Monte Carlo valuation model. The BSM model determines the fair value of stock-based payment awards based on the stock price on the date of grant and is affected by assumptions regarding a number of highly complex and subjective variables. These variables include, but are not limited to, our expected stock price volatility over the term of the awards, expected term, interest rates, and actual and projected employee stock option exercise behavior. Expected volatility is based on the historical volatility of our stock over a preceding period commensurate with the expected term of the option. The expected term is based upon management’s consideration of the historical life, vesting period, and contractual period of the options granted. The risk-free interest rate for the expected term of the option is based on the U.S. Treasury yield curve in effect at the time of grant. Expected dividend yield was not considered in the option pricing formula since we do not pay dividends and have no current plans to do so in the future. Stock options were not granted during the three months ended March 31, 2016 and 2015. The estimated weighted average fair value per share of ESPP purchase rights issued and the underlying weighted average assumptions for the three months ended March 31, 2016 and 2015 are as follows: Three months ended March 31, 2016 2015 Weighted average fair value per share $ 10.39 $ 10.17 Expected volatility 22% - 25 % 26% - 28 % Risk-free interest rate 0.5% - 0.8 % 0.1% - 0.5 % Expected term (in years) 0.5 - 2.0 0.5 - 2.0 Stock options outstanding and exercisable, including performance-based and market-based options, as of March 31, 2016 and activity for the three months ended March 31, 2016 are summarized below (in thousands, except weighted average exercise price and remaining contractual term): Shares outstanding Weighted Weighted Aggregate Options outstanding at January 1, 2016 443 $ 13.20 Options forfeited and expired (12 ) 10.77 Options exercised (1 ) 16.57 Options outstanding at March 31, 2016 430 $ 13.25 1.89 $ 12,518 Options vested and expected to vest at March 31, 2016 430 $ 13.25 1.89 $ 12,518 Options exercisable at March 31, 2016 430 $ 13.25 1.89 $ 12,518 Aggregate intrinsic value for stock options represents the difference between the closing price per share of our common stock on the last trading day of the fiscal period and the option exercise price multiplied by the number of in-the-money stock options outstanding, vested and expected to vest, and exercisable at March 31, 2016. Non-vested RSUs, including performance-based and market-based RSUs, as of March 31, 2016 and activity during the three months ended March 31, 2016 are summarized below (shares in thousands): Shares Weighted Non-vested at January 1, 2016 1,814 $ 40.53 Restricted stock granted 412 38.96 Restricted stock vested (251 ) 37.00 Restricted stock forfeited (217 ) 38.85 Non-vested at March 31, 2016 1,758 $ 40.87 Vested RSUs Performance-based RSUs that vested based on annual financial results are included in the period that the performance and related service criteria were met. The grant date fair value of RSUs vested during the three months ended March 31, 2016 was $9.3 million. The aggregate intrinsic value at March 31, 2016 for RSUs expected to vest was $66.4 million and the remaining weighted average vesting period was 1.1 years. Aggregate intrinsic value for RSUs vested and expected to vest represents the closing price per share of our common stock on the last trading day of the fiscal period, multiplied by the number of RSUs vested and expected to vest as of March 31, 2016. Performance-based and Market-based RSUs and Stock Options Performance-based and market-based RSUs and stock options included in the tables above as of March 31, 2016 and activity for the three months ended March 31, 2016 are summarized below (in thousands): Performance-based Market-based RSUs Stock RSUs Non-vested at December 31, 2015 920 16 23 Granted 343 — — Vested (211 ) (4 ) — Forfeited (195 ) (12 ) — Non-vested at March 31, 2016 857 — 23 Performance -based and market-based stock options were not granted during the three months ended March 31, 2016. We use the BSM option pricing model to value performance-based RSUs. The weighted average grant date fair value per share of performance-based RSUs granted and the assumptions used to estimate grant date fair value for the three months ended March 31, 2016 and 2015 are as follows: Performance-based RSUs Short-term Long-term Three months ended March 31, 2015 Grants Grant date fair value per share $ 39.47 $ 36.78 Service period (years) 1.0 3.0 Three months ended March 31, 2015 Grants Grant date fair value per share $ 37.00 $ 38.64 Service period (years) 1.0 2.0 Our performance-based RSUs generally vest when specified performance criteria are met based on bookings, revenue, cash provided by operating activities, non-GAAP operating income, non-GAAP earnings per share, or other targets during the service period; otherwise, they are forfeited. Non-GAAP operating income is defined as operating income determined in accordance with GAAP, adjusted to remove the impact of certain expenses. Non-GAAP earnings per share is defined as net income determined in accordance with GAAP, adjusted to remove the impact of certain expenses, divided by the weighted average number of common shares and dilutive potential common shares outstanding during the period as more fully defined in Note 2—Earnings Per Share of the Notes to Consolidated Financial Statements. The grant date fair value per share determined in accordance with the BSM valuation model is being amortized over the service period of the performance-based awards. The probability of achieving the awards was determined based on review of the actual results achieved thus far by each business unit compared with the operating plan during the pertinent service period as well as the overall strength of the business unit. Stock-based compensation expense was adjusted based on this probability assessment. As actual results are achieved during the service period, the probability assessment is updated and stock-based compensation expense adjusted accordingly.

Common Stock Repurchase Program

Common Stock Repurchase Programs	3 Months Ended
	Mar. 31, 2016
Equity [Abstract]
Common Stock Repurchase Programs	13. Common Stock Repurchase Programs On November 6, 2013, the board of directors approved the repurchase of $200 million of outstanding common stock. Under this publicly announced plan, we repurchased 1.5 million shares for an aggregate purchase price of $65.7 million during the year ended December 31, 2015. On November 9, 2015, the board of directors cancelled $54.9 million remaining for repurchase under the 2013 authorization and approved a new authorization to repurchase $150 million of outstanding common stock commencing January 1, 2016. This authorization expires December 31, 2018. We repurchased 0.5 million shares for an aggregate purchase price of $20.0 million during the three months ended March 31, 2016. Our employees have the option to surrender shares of common stock to satisfy their tax withholding obligations that arise on the vesting of RSUs. In connection with stock option exercises, certain employees can surrender shares to satisfy the exercise price of certain stock options and any tax withholding obligations incurred in connection with such exercises. Employees surrendered 0.1 million shares for an aggregate purchase price of $3.1 and $2.5 million during the three months ended March 31, 2016 and 2015, respectively. These repurchased shares reduce shares outstanding and are recorded as treasury stock under the cost method thereby reducing stockholders’ equity by the cost of the repurchased shares. Our buyback program is limited by SEC regulations and is subject to compliance with our insider trading policy.

Accounts Receivable

Accounts Receivable	3 Months Ended
	Mar. 31, 2016
Receivables [Abstract]
Accounts Receivable	14. Accounts Receivable Financing Receivables ASC 310, Receivables, requires disclosures regarding the credit quality of our financing receivables and allowance for credit losses including disclosure of credit quality indicators, past due information, and modifications of our financing receivables. We had financing receivables of $21.2 and $14.8 million consisting of $11.0 and $10.2 million of sales-type lease receivables, included within other current assets and other assets at March 31, 2016 and December 31, 2015, respectively, and $10.2 and $4.6 million of trade receivables having a contractual maturity in excess of one year at March 31, 2016 and December 31, 2015, respectively. The credit quality of financing receivables is evaluated on the same basis as trade receivables. We do not have material past due financing receivables. Accounts Receivable Sales Arrangements In accordance with ASC 860-20, Transfers and Servicing, trade receivables are derecognized from our Condensed Consolidated Balance Sheet when sold to third parties upon determining that such receivables are presumptively beyond the reach of creditors in a bankruptcy proceeding. The recourse obligation is measured using market data from similar transactions and the servicing liability is determined based on the fair value that a third party would charge to service these receivables. These liabilities were determined to not be material at March 31, 2016 and December 31, 2015. We have facilities in the U.S. and Italy that enable us to sell to third parties, on an ongoing basis, certain trade receivables with recourse. Trade receivables sold with recourse are generally short-term receivables with payment due dates of less than 10 days from the date of sale, which are subject to a servicing obligation. Trade receivables sold under these facilities were $5.2 and $23.2 million during the three months ended March 31, 2016 and the year ended December 31, 2015, respectively, which approximates the cash received. We have facilities in Spain and Italy that enable us to sell to third parties, on an ongoing basis, certain trade receivables without recourse. Trade receivables sold without recourse are generally short-term receivables with payment due dates of less than one year, which are secured by international letters of credit. Trade receivables sold under these facilities were $0.4 and $3.7 million during the three months ended March 31, 2016 and the year ended December 31, 2015, respectively, which approximates the cash received. We report collections from the sale of trade receivables to third parties as operating cash flows in the Condensed Consolidated Statements of Cash Flows.

Basis of Presentation and Sig23

Basis of Presentation and Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2016
Basis of Presentation	Basis of Presentation The accompanying unaudited interim condensed consolidated financial statements (“condensed consolidated financial statements”) include the accounts of Electronics For Imaging, Inc. and its subsidiaries (“EFI” or “Company”). All intercompany accounts and transactions have been eliminated in consolidation. These condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States (“U.S. GAAP” or “GAAP”) for interim financial information, rules and regulations of the Securities and Exchange Commission (“SEC”) for interim financial statements, and accounting policies consistent in all material respects with those applied in preparing our audited annual consolidated financial statements included in our Annual Report on Form 10-K for the year ended December 31, 2015. These condensed consolidated financial statements and accompanying notes should be read in conjunction with our annual consolidated financial statements and the notes thereto for the year ended December 31, 2015, included in our Annual Report on Form 10-K. In the opinion of management, these condensed consolidated financial statements reflect all adjustments, including normal recurring adjustments, management considers necessary for the fair presentation of our financial position, operating results, comprehensive income, and cash flows for the interim periods presented. Our results for the interim periods are not necessarily indicative of results for the entire year.
Segment Reporting	ASC 280, Segment Reporting, requires operating segment information to be presented based on the internal reporting used by the chief operating decision making group (“CODM”) to allocate resources and evaluate operating segment performance. Our CODM is comprised of our Chief Executive Officer and Chief Financial Officer. The CODM group is focused on assessment and resource allocation among the Industrial Inkjet, Productivity Software, and Fiery businesses. Our operating segments are integrated through their reporting and operating structures, shared technology and practices, shared sales and marketing, and combined production facilities. Our enterprise management processes use financial information that is closely aligned with our three operating segments at the gross profit level. Relevant discrete financial information is prepared at the gross profit level for each of our three operating segments, which is used by the CODM to allocate resources and assess the performance of each operating segment.
Derivatives and Hedging	We are exposed to market risk and foreign currency exchange risk from changes in foreign currency exchange rates, which could affect operating results, financial position, and cash flows. We manage our exposure to these risks through our regular operating and financing activities and, when appropriate, through the use of derivative financial instruments. These derivative financial instruments are used to hedge monetary assets and liabilities, intercompany balances, trade receivables, anticipated cash flows, and to reduce earnings and cash flow volatility resulting from shifts in market rates. Our objective is to offset gains and losses resulting from these exposures with losses and gains on the derivative contracts used to hedge them, thereby reducing volatility of earnings or protecting fair values of assets and liabilities. We do not have any leveraged derivatives, nor do we use derivative contracts for speculative purposes. ASC 815, Derivatives and Hedging, requires the fair value of all derivative instruments, including those embedded in other contracts, to be recorded as assets or liabilities in our Condensed Consolidated Balance Sheet. The related cash flow impacts of our derivative contracts are reflected as cash flows from operating activities. Our exposures are primarily related to non-U.S. dollar-denominated revenue in Europe, the U.K., Latin America, China, Israel, Australia, New Zealand, and Canada, and to non-U.S. dollar-denominated operating expenses in Europe, India, Japan, the U.K., China, Israel, Brazil, and Australia. We hedge our operating expense cash flow exposure in Indian rupees. We hedge balance sheet remeasurement exposure associated with Brazilian real, British pound sterling, Israeli shekel, Australian dollar, Japanese yen, Chinese renminbi, and Euro-denominated intercompany balances; Brazilian real, British pound sterling, Australian dollar, Canadian dollar, and Euro-denominated trade receivables, and Indian rupee-denominated net monetary assets. By their nature, derivative instruments involve, to varying degrees, elements of market and credit risk. The market risk associated with these instruments resulting from currency exchange movement is expected to offset the market risk of the underlying transactions, assets, and liabilities being hedged (i.e., operating expense exposure in Indian rupees; the collection of trade receivables denominated in currencies other than their functional currency and the settlement of intercompany balances denominated in currencies other than their functional currency). We do not believe there is significant risk of loss from non-performance by the counterparty associated with these instruments because, by policy, we deal with counterparties having a minimum investment grade or better credit rating. Credit risk is managed through the continuous monitoring of exposures to such counterparties. Cash Flow Hedges Foreign currency derivative contracts with notional amounts of $3.4 and $3.2 million and net asset/liability amounts that are immaterial have been designated as cash flow hedges of our Indian rupee operating expense exposure at March 31, 2016 and December 31, 2015, respectively. The changes in fair value of these contracts are reported as a component of OCI and reclassified to operating expense in the periods of payment of the hedged operating expenses. The amount of ineffectiveness that was recorded in the Condensed Consolidated Statements of Operations for these designated cash flow hedges was immaterial. All components of each derivative’s gain or loss were included in the assessment of hedge effectiveness. Balance Sheet Hedges Forward contracts not designated as hedging instruments with notional amounts of $152.8 and $115.4 million are used to hedge foreign currency balance sheet exposures at March 31, 2016 and December 31, 2015, respectively. They are not designated for hedge accounting treatment since there is a natural offset for the remeasurement of the underlying foreign currency denominated asset or liability. We recognize changes in the fair value of non-designated derivative instruments in earnings in the period of change. Gains and losses on foreign currency forward contracts used to hedge balance sheet exposures are recognized in interest income and other expense, net, in the same period as the remeasurement gain or loss of the related foreign currency denominated assets and liabilities. Forward contracts not designated as hedging instruments consist of hedges of Brazilian real, British pound sterling, Israeli shekel, Australian dollar, Japanese yen, Chinese renminbi, and Euro-denominated intercompany balances with notional amounts of $94.6 and $63.7 million at March 31, 2016 and December 31, 2015, respectively; hedges of Brazilian real, British pound sterling, Australian dollar, Canadian dollar, and Euro-denominated trade receivables with notional amounts of $55.4 and $49.1 million at March 31, 2016 and December 31, 2015, respectively; and hedges of Indian rupee net monetary assets with notional amounts of $2.8 and $2.6 million at March 31, 2016 and December 31, 2015, respectively.
Performance-based and market-based restricted stock [Member]
Computation of Net Income Per Common Share	ASC 260-10-45-48. Accordingly, performance-based RSUs, which vested on various dates during the three months ended March 31, 2016 and 2015, based on achievement of specified performance criteria related to revenue and non-GAAP operating income targets, and performance-based stock options, which vested during the three months ended March 31, 2016 based on achievement of specified targets related to non-GAAP return on equity are included in the determination of net income per diluted common share as of the beginning of each period.
ASU 2015-11 Inventory Valuation [Member]
Recent Accounting Pronouncements	Inventory Valuation.
ASU 2016-02 Lease Arrangements [Member]
Recent Accounting Pronouncements	Lease Arrangements. The recognition, measurement, and presentation of expenses and cash flows arising from a lease by a lessee have not significantly changed from previous guidance. There continues to be a differentiation between finance leases and operating leases. The criteria for determining whether a lease is a financing or operating lease are substantially the same as existing guidance except that the “bright line” percentages have been removed. • For finance leases, interest is recognized on the lease liability separately from depreciation of the right-of-use asset in the statement of operations. Principal repayments are classified within financing activities and interest payments are classified as operating activities in the statement of cash flows. • For operating leases, a lessee is required to recognize lease expense generally on a straight-line basis. All operating lease payments are classified as operating activities in the statement of cash flows. The current build-to-suit lease accounting guidance will be rescinded by the new guidance. Lessor accounting is largely unchanged from current guidance except for revisions necessary to conform to the requirements of the recently issued revenue recognition guidance. Operating lease revenue should generally continue to be recognized on a straight-line basis over the lease term. Finance lease revenue should generally continue to be recognized upon shipment. The new lease accounting guidance will be effective in the first quarter of 2019. We are evaluating its impact on our revenue and results of operations.
ASU 2015-03 Debt Issuance Costs [Member]
Recent Accounting Pronouncements	Debt Issuance Costs.
ASU 2015-17 Deferred Taxes [Member]
Recent Accounting Pronouncements	Deferred Taxes. We elected to apply this guidance retrospectively to all prior periods to maintain the comparability of presentation between periods. Early adoption is permitted, so we elected to early adopt this standard at December 31, 2015, which resulted in the reclassification of deferred tax assets and liabilities of $17.2 and $0.1 million, respectively, from current to noncurrent in our Condensed Consolidated Balance Sheet as of December 31, 2014.
ASU 2015-16 Measurement Period Adjustments [Member]
Recent Accounting Pronouncements	Measurement Period Adjustments.
ASU 2016-09 Stock-based Compensation [Member]
Recent Accounting Pronouncements	Stock-based Compensation. • Certain excess tax benefits and deficiencies are accounted for as additional paid-in capital under current guidance. Under the new guidance, all excess tax benefits and deficiencies will be recognized as income tax expense. • The requirement to reclassify the gross excess tax benefits related to stock-based compensation from operating to financing activities in the statement of cash flows is eliminated. • A company-wide election is allowed to account for forfeitures when they occur instead of estimating the forfeiture rate. • Statutory tax withholding will be permitted up to the maximum statutory tax rate in applicable jurisdictions. We are evaluating the impact of ASU 2016-09 on our results of operations and statement of cash flows.
ASU 2014-09 and ASU 2016-10 Revenue Recognition [Member]
Recent Accounting Pronouncements	Revenue Recognition. The guidance requires comprehensive annual and interim disclosures regarding the nature, amount, timing, and uncertainty of recognized revenue. Qualitative and quantitative disclosures will be required regarding: • contracts with customers, including revenue and impairments recognized, disaggregation, and information about contract balances and performance obligations, • significant judgments and changes in judgments required to determine the transaction price, amounts allocated to performance obligations, and the timing for recognizing revenue resulting from the satisfaction of performance obligations, and • assets recognized from the costs to obtain or fulfill a contract. The new revenue recognition guidance will be effective in the first quarter of 2018. We are evaluating its impact on our revenue and results of operations.
ASU 2016-08 Principal Vs Agent [Member]
Recent Accounting Pronouncements	Principal vs Agent. A number of indicators of the nature of the relationship that are considered under current guidance have been streamlined and clarified in the new guidance by focusing more specifically on the performance obligations that must be fulfilled in the transaction, which entity carries the inventory risk in the transaction, and which entity controls the pricing of the good or service. Credit risk will no longer be a criterion. This guidance will be effective in the first quarter of 2018. We are evaluating its impact on our revenue and results of operations.

Basis of Presentation and Sig24

Basis of Presentation and Significant Accounting Policies (Tables)	3 Months Ended
	Mar. 31, 2016
Accounting Policies [Abstract]
Summary of Supplemental Cash Flow Information	Supplemental Cash Flow Information Three months ended March 31, (in thousands) 2016 2015 Net cash paid for income taxes $ 1,960 $ 1,381 Cash paid for interest expense $ 1,694 $ 1,278 Acquisitions of businesses: Cash paid for businesses purchased, excluding contingent consideration $ 8,238 $ 10 Cash acquired in business acquisition (256 ) — Net cash paid for businesses purchased, net of cash acquired $ 7,982 $ 10 Common stock issued in connection with Reggiani Macchine SpA (“Reggiani”) acquisition $ 73 $ — Non-cash investing and financing activities: Non-cash settlement of vacation liabilities by issuing restricted stock units (“RSUs”) $ 2,733 $ 1,353 Property and equipment received, but not paid 1,478 1,005 $ 4,211 $ 2,358

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2016
Earnings Per Share [Abstract]
Basic and Diluted Earnings Per Share	Basic and diluted earnings per share for the three months ended March 31, 2016 and 2015 are reconciled as follows (in thousands, except per share amounts): Three months ended March 31, 2016 2015 Basic net income per share: Net income available to common shareholders $ 1,854 $ 5,237 Weighted average common shares outstanding 47,215 47,002 Basic net income per share $ 0.04 $ 0.11 Diluted net income per share: Net income available to common shareholders $ 1,854 $ 5,237 Weighted average common shares outstanding 47,215 47,002 Diluted stock options and non-vested restricted stock 708 854 Weighted average common shares outstanding for purposes of computing diluted net income per share 47,923 47,856 Diluted net income per share $ 0.04 $ 0.11

Balance Sheet Details (Tables)

Balance Sheet Details (Tables)	3 Months Ended
	Mar. 31, 2016
Text Block [Abstract]
Schedule of Inventories	Inventories, net of allowances, as of March 31, 2016 and December 31, 2015 are as follows (in thousands): March 31, December 31, Raw materials $ 63,102 $ 53,783 Work in process 6,686 6,646 Finished goods 51,878 45,949 $ 121,666 $ 106,378
Schedule of Changes in Product Warranty Reserves	The changes in product warranty reserves during the three months ended March 31, 2016 and 2015 are as follows (in thousands): 2016 2015 Balance at January 1, $ 9,635 $ 9,682 Provisions, net of releases 3,073 3,557 Settlements (3,041 ) (3,438 ) Balance at March 31, $ 9,667 $ 9,801
Schedule of Accumulated Other Comprehensive Income (Loss)	OCI classified within stockholders’ equity in our Condensed Consolidated Balance Sheets as of March 31, 2016 and December 31, 2015 is as follows (in thousands): March 31, December 31, Net unrealized investment gains (losses) $ 418 $ (376 ) Currency translation losses (10,603 ) (17,049 ) Net unrealized gains (losses) on cash flow hedges 52 1 Accumulated other comprehensive loss $ (10,133 ) $ (17,424 )

Acquisitions (Tables)

Acquisitions (Tables)	3 Months Ended
	Mar. 31, 2016
Business Combinations [Abstract]
Allocation of Purchase Price to Assets Acquired and Liabilities Assumed	The preliminary allocation of the purchase price to the assets acquired and liabilities assumed (in thousands) in the Rialco acquisition on March 1, 2016 is summarized as follows: Weighted average useful life Purchase Customer relationships 5 years $ 2,512 Existing technology 5 years 846 Trade names 4 years 763 Backlog less than one year 56 Goodwill — 1,426 5,603 Net tangible assets 5,177 Total purchase price $ 10,780

Investments and Fair Value Me28

Investments and Fair Value Measurements (Tables)	3 Months Ended
	Mar. 31, 2016
Text Block [Abstract]
Available-for-Sale Short-Term Investments	Our available-for-sale short-term investments as of March 31, 2016 and December 31, 2015 are as follows (in thousands): Amortized cost Gross unrealized Gross losses Fair value March 31, 2016 U.S. Government and sponsored entities $ 81,008 $ 322 $ (2 ) $ 81,328 Corporate debt securities 165,037 368 (236 ) 165,169 Asset-backed securities 33,298 273 (56 ) 33,515 Mortgage-backed securities – residential 1,460 2 (3 ) 1,459 Total short-term investments $ 280,803 $ 965 $ (297 ) $ 281,471 December 31, 2015 U.S. Government and sponsored entities $ 98,411 $ 12 $ (137 ) $ 98,286 Corporate debt securities 198,498 20 (510 ) 198,008 Asset-backed securities 35,276 195 (174 ) 35,297 Mortgage-backed securities – residential 1,689 2 (6 ) 1,685 Total short-term investments $ 333,874 $ 229 $ (827 ) $ 333,276
Summary of Fair Value and Duration of Investments, Including Cash Equivalents, that have been Classified in Gross Unrealized Loss Position	The fair value and duration that investments, including cash equivalents, have been in a gross unrealized loss position as of March 31, 2016 and December 31, 2015 are as follows (in thousands): Less than 12 Months More than 12 Months TOTAL Fair Value Unrealized Fair Value Unrealized Fair Value Unrealized March 31, 2016 U.S. Government and sponsored entities $ 15,813 $ (2 ) $ — $ — $ 15,813 $ (2 ) Corporate debt securities 68,349 (189 ) 11,957 (47 ) 80,306 (236 ) Asset-backed securities 18,392 (16 ) 7,022 (40 ) 25,414 (56 ) Mortgage-backed securities – residential 487 (1 ) 240 (2 ) 727 (3 ) Total $ 103,041 $ (208 ) $ 19,219 $ (89 ) $ 122,260 $ (297 ) December 31, 2015 U.S. Government and sponsored entities $ 82,366 $ (137 ) $ — $ — $ 82,366 $ (137 ) Corporate debt securities 136,274 (448 ) 16,940 (62 ) 153,214 (510 ) Asset-backed securities 27,928 (103 ) 7,131 (71 ) 35,059 (174 ) Mortgage-backed securities – residential 764 (2 ) 269 (4 ) 1,033 (6 ) Total $ 247,332 $ (690 ) $ 24,340 $ (137 ) $ 271,672 $ (827 )
Amortized Cost and Estimated Fair Value of Investments	Amortized cost and estimated fair value of investments as of March 31, 2016 are summarized by maturity date as follows (in thousands): Amortized cost Fair value Mature in less than one year $ 90,975 $ 90,993 Mature in one to three years 189,828 190,478 Total short-term investments $ 280,803 $ 281,471
Investments in Accordance with Fair Value Hierarchy	Our investments and liabilities measured at fair value have been presented in accordance with the fair value hierarchy specified in ASC 820 as of March 31, 2016 and December 31, 2015 in order of liquidity as follows (in thousands): Total Quoted Prices Significant Unobservable (Level 3) March 31, 2016 Assets: Money market funds $ 62,197 $ 62,197 $ — $ — U.S. Government and sponsored entities 81,328 39,738 41,590 — Corporate debt securities 165,739 — 165,739 — Asset-backed securities 33,516 — 33,280 236 Mortgage-backed securities – residential 1,458 — 1,458 — $ 344,238 $ 101,935 $ 242,067 $ 236 Liabilities: Contingent consideration, current and noncurrent $ 57,633 $ — $ — $ 57,633 Self-insurance 1,477 — — 1,477 $ 59,110 $ — $ — $ 59,110 December 31, 2015 Assets: Money market funds $ 13,221 $ 13,221 $ — $ — U.S. Government and sponsored entities 98,286 34,712 63,574 — Corporate debt securities 198,778 — 198,778 — Asset-backed securities 35,297 — 35,113 184 Mortgage-backed securities – residential 1,684 — 1,684 — $ 347,266 $ 47,933 $ 299,149 $ 184 Liabilities: Contingent consideration, current and noncurrent $ 54,796 $ — $ — $ 54,796 Self-insurance 1,268 — — 1,268 $ 56,064 $ — $ — $ 56,064
Summary of Changes in Fair Value of Contingent Consideration	Changes in the fair value of contingent consideration are summarized as follows (in thousands): Fair value of contingent consideration at January 1, 2015 $ 12,277 Fair value of Reggiani contingent consideration at July 1, 2015 43,170 Fair value of CTI contingent consideration at October 6, 2015 2,551 Fair value of Shuttleworth contingent consideration at November 4, 2015 5,077 Changes in valuation (3,575 ) Payments (4,093 ) Foreign currency adjustment (611 ) Fair value of contingent consideration at December 31, 2015 $ 54,796 Fair value of Rialco contingent consideration at March 1, 2016 $ 2,109 Changes in valuation (206 ) Payments (1,443 ) Foreign currency adjustment 2,377 Fair value of contingent consideration at March 31, 2016 $ 57,633

Convertible Senior Notes ("No29

Convertible Senior Notes ("Notes"), Note Hedges, and Warrants (Tables)	3 Months Ended
	Mar. 31, 2016
Debt Disclosure [Abstract]
Schedule of Convertible Notes	The Notes consist of the following as of March 31, 2016 (in thousands): March 31, December 31, Liability component $ 345,000 $ 345,000 Debt discount, net of amortization (45,539 ) (48,515 ) Debt issuance costs, net of amortization (5,396 ) (5,751 ) Net carrying amount $ 294,065 $ 290,734 Equity component $ 63,643 $ 63,643 Less: debt issuance costs allocated to equity (1,582 ) (1,582 ) Net carrying amount $ 62,061 $ 62,061
Summary of Interest Expense Recognized Related to Notes	Interest expense recognized related to the Notes during the three months ended March 31, 2016 and 2015 was as follows (in thousands): 2016 2015 0.75% coupon $ 640 $ 647 Amortization of debt issuance costs 355 342 Amortization of debt discount 2,976 2,849 $ 3,971 $ 3,838

Income taxes (Tables)

Income taxes (Tables)	3 Months Ended
	Mar. 31, 2016
Income Tax Disclosure [Abstract]
Tax Provision before Discrete Items Reconciled to Recorded Provision for Income Taxes	Our tax provision before discrete items is reconciled to our recorded provision for income taxes for the three months ended March 31, 2016 and 2015 as follows (in millions): Three months ended March 31, 2016 2015 Provision for income taxes before discrete items $ 0.5 $ 1.8 Interest related to unrecognized tax benefits 0.2 0.1 Benefit related to U.S. transfer pricing adjustment — (0.4 ) Benefit related to Spanish statutory and tax intangibles write-off — (0.3 ) Benefit for reassessment of taxes upon filing of tax returns (0.3 ) — Tax deductions related to ESPP dispositions (0.1 ) (0.1 ) Provision for income taxes $ 0.3 $ 1.1

Segment Information and Geogr31

Segment Information and Geographic Data (Tables)	3 Months Ended
	Mar. 31, 2016
Segment Reporting [Abstract]
Summary of Operating Segment Profit (Gross Profit), Excluding Stock-Based Compensation Expense by Segment	Operating segment profit (i.e., gross profit), excluding stock-based compensation expense, for the three months ended March 31, 2016 and 2015 is summarized as follows (in thousands): Three months ended March 31, 2016 2015 Industrial Inkjet Revenue $ 125,798 $ 87,607 Gross profit 42,450 29,572 Gross profit percentages 33.7 % 33.8 % Productivity Software Revenue $ 32,540 $ 31,107 Gross profit 23,694 22,418 Gross profit percentages 72.8 % 72.1 % Fiery Revenue $ 75,795 $ 75,840 Gross profit 53,264 54,391 Gross profit percentages 70.3 % 71.7 %
Reconciliation of Operating Segment Gross Profit to Consolidated Statements of Operations	Operating segment profit (i.e., gross profit) is reconciled to our Condensed Consolidated Statements of Operations for the three months ended March 31, 2016 and 2015 as follows (in thousands): Three months ended March 31, 2016 2015 Segment gross profit $ 119,408 $ 106,381 Stock-based compensation expense (722 ) (824 ) Other items excluded from segment profit (314 ) (117 ) Gross profit $ 118,372 $ 105,440
Tangible and Intangible Assets, Net of Liabilities, Summarized by Operating Segment	Tangible and intangible assets, net of liabilities, are summarized by operating segment as follows (in thousands): March 31, 2016 Industrial Productivity Fiery Corporate and Net Assets Total Goodwill $ 141,106 $ 139,568 $ 63,695 $ — $ 344,369 Identified intangible assets, net 103,102 30,299 329 — 133,730 Tangible assets, net of liabilities 133,289 (14,897 ) 28,196 204,711 351,299 Net tangible and intangible assets $ 377,496 $ 154,970 $ 92,221 $ 204,711 $ 829,398 December 31, 2015 Goodwill $ 142,183 $ 133,128 $ 63,482 $ — $ 338,793 Identified intangible assets, net 101,623 33,432 497 — 135,552 Tangible assets, net of liabilities 102,351 (10,023 ) 23,954 233,567 349,849 Net tangible and intangible assets $ 346,157 $ 156,537 $ 87,933 $ 233,567 $ 824,194
Revenue by Ship-to Destination	Our revenue by ship-to destination for the three months ended March 31, 2016 and 2015 was as follows (in thousands): Three months ended March 31, 2016 2015 Americas $ 120,266 $ 107,714 Europe, Middle East, and Africa (“EMEA”) 83,583 60,128 Asia Pacific (“APAC”) 30,284 26,712 Total revenue $ 234,133 $ 194,554

Restructuring and Other (Tables

Restructuring and Other (Tables)	3 Months Ended
	Mar. 31, 2016
Restructuring and Related Activities [Abstract]
Restructuring and Other Reserve Activities	Restructuring and other reserve activities for the three months ended March 31, 2016 and 2015 are summarized as follows (in thousands): 2016 2015 Reserve balance at January 1, $ 3,019 $ 2,102 Restructuring charges 1,846 882 Other charges 868 148 Non-cash restructuring and other (403 ) — Payments (1,828 ) (1,023 ) Reserve balance at March 31, $ 3,502 $ 2,109

Stock-based Compensation (Table

Stock-based Compensation (Tables)	3 Months Ended
	Mar. 31, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of Stock-Based Compensation Expense	Stock-based compensation expense related to stock options, ESPP purchase rights, and RSUs for the three months ended March 31, 2016 and 2015 is summarized as follows (in thousands): Three months ended March 31, 2016 2015 Employee stock options $ (45 ) $ 34 RSUs 10,836 7,679 ESPP 766 1,179 Total stock-based compensation 11,557 8,892 Income tax benefit (2,659 ) (1,979 ) Stock-based compensation expense, net of tax $ 8,898 $ 6,913
Schedule of ESPP Purchase Rights and Underlying Weighted Average Assumptions	Stock options were not granted during the three months ended March 31, 2016 and 2015. The estimated weighted average fair value per share of ESPP purchase rights issued and the underlying weighted average assumptions for the three months ended March 31, 2016 and 2015 are as follows: Three months ended March 31, 2016 2015 Weighted average fair value per share $ 10.39 $ 10.17 Expected volatility 22% - 25 % 26% - 28 % Risk-free interest rate 0.5% - 0.8 % 0.1% - 0.5 % Expected term (in years) 0.5 - 2.0 0.5 - 2.0
Schedule of Stock Options Outstanding and Exercisable	Stock options outstanding and exercisable, including performance-based and market-based options, as of March 31, 2016 and activity for the three months ended March 31, 2016 are summarized below (in thousands, except weighted average exercise price and remaining contractual term): Shares outstanding Weighted Weighted Aggregate Options outstanding at January 1, 2016 443 $ 13.20 Options forfeited and expired (12 ) 10.77 Options exercised (1 ) 16.57 Options outstanding at March 31, 2016 430 $ 13.25 1.89 $ 12,518 Options vested and expected to vest at March 31, 2016 430 $ 13.25 1.89 $ 12,518 Options exercisable at March 31, 2016 430 $ 13.25 1.89 $ 12,518
Schedule of Non-Vested RSUs	Non-vested RSUs, including performance-based and market-based RSUs, as of March 31, 2016 and activity during the three months ended March 31, 2016 are summarized below (shares in thousands): Shares Weighted Non-vested at January 1, 2016 1,814 $ 40.53 Restricted stock granted 412 38.96 Restricted stock vested (251 ) 37.00 Restricted stock forfeited (217 ) 38.85 Non-vested at March 31, 2016 1,758 $ 40.87
Schedule of Performance-Based and Market-Based RSUs and Stock Options	Performance-based and market-based RSUs and stock options included in the tables above as of March 31, 2016 and activity for the three months ended March 31, 2016 are summarized below (in thousands): Performance-based Market-based RSUs Stock RSUs Non-vested at December 31, 2015 920 16 23 Granted 343 — — Vested (211 ) (4 ) — Forfeited (195 ) (12 ) — Non-vested at March 31, 2016 857 — 23
Schedule of Weighted Average Grant Date Fair Value Per Share of Performance-Based RSUs and Assumptions Used to Estimate Fair Value	The weighted average grant date fair value per share of performance-based RSUs granted and the assumptions used to estimate grant date fair value for the three months ended March 31, 2016 and 2015 are as follows: Performance-based RSUs Short-term Long-term Three months ended March 31, 2015 Grants Grant date fair value per share $ 39.47 $ 36.78 Service period (years) 1.0 3.0 Three months ended March 31, 2015 Grants Grant date fair value per share $ 37.00 $ 38.64 Service period (years) 1.0 2.0

Basis of Presentation and Sig34

Basis of Presentation and Significant Accounting Policies - Additional Information (Detail) - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
Debt Issuance Costs [Member]
Organization Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Reclassification of debt issuance costs from current and non current assets	$ 5.8
Deferred Tax Assets [Member]
Organization Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Reclassification adjustment from current to noncurrent		$ 17.2
Deferred Tax Liability [Member]
Organization Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Reclassification adjustment from current to noncurrent		$ 0.1

Basis of Presentation and Sig35

Basis of Presentation and Significant Accounting Policies - Summary of Supplemental Cash Flow Information (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Supplemental Cash Flow Elements [Abstract]
Net cash paid for income taxes	$ 1,960	$ 1,381
Cash paid for interest expense	1,694	1,278
Acquisitions of businesses:
Cash paid for businesses purchased, excluding contingent consideration	8,238	10
Cash acquired in business acquisition	(256)
Net cash paid for businesses purchased, net of cash acquired	7,982	10
Common stock issued in connection with Reggiani Macchine SpA ("Reggiani") acquisition	73
Non-cash investing and financing activities:
Non-cash settlement of vacation liabilities by issuing restricted stock units ("RSUs")	2,733	1,353
Property and equipment received, but not paid	1,478	1,005
Total Non-cash investing and financing activities	$ 4,211	$ 2,358

Earnings Per Share - Basic and

Earnings Per Share - Basic and Diluted Earnings Per Share (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Basic net income per share:
Net income available to common shareholders	$ 1,854	$ 5,237
Weighted average common shares outstanding	47,215	47,002
Basic net income per share	$ 0.04	$ 0.11
Diluted net income per share:
Net income available to common shareholders	$ 1,854	$ 5,237
Weighted average common shares outstanding	47,215	47,002
Diluted stock options and non-vested restricted stock	708	854
Weighted average common shares outstanding for purposes of computing diluted net income per share	47,923	47,856
Diluted net income per share	$ 0.04	$ 0.11

Earnings Per Share - Additional

Earnings Per Share - Additional Information (Detail) - shares	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
ESPP [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount

Balance Sheet Details - Schedul

Balance Sheet Details - Schedule of Inventories (Detail) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Inventory Disclosure [Abstract]
Raw materials	$ 63,102	$ 53,783
Work in process	6,686	6,646
Finished goods	51,878	45,949
Inventory, net	$ 121,666	$ 106,378

Balance Sheet Details - Additio

Balance Sheet Details - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Balance Sheet Related Disclosures [Abstract]
Deferred cost of revenue	$ 7,200		$ 8,700
Reclassified amounts out of OCI, net of tax	$ 18	$ (19)

Balance Sheet Details - Sched40

Balance Sheet Details - Schedule of Changes in Product Warranty Reserves (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Product Warranties Disclosures [Abstract]
Beginning Balance	$ 9,635	$ 9,682
Provisions, net of releases	3,073	3,557
Settlements	(3,041)	(3,438)
Ending Balance	$ 9,667	$ 9,801

Balance Sheet Details - Sched41

Balance Sheet Details - Schedule of Accumulated Other Comprehensive Income (Loss) (Detail) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Accumulated Other Comprehensive Income [Abstract]
Net unrealized investment gains (losses)	$ 418	$ (376)
Currency translation losses	(10,603)	(17,049)
Net unrealized gains (losses) on cash flow hedges	52	1
Accumulated other comprehensive loss	$ (10,133)	$ (17,424)

Acquisitions - Additional Infor

Acquisitions - Additional Information (Detail) - USD ($) $ in Thousands	Mar. 01, 2016	Mar. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Acquired Finite-Lived Intangible Assets [Line Items]
Business acquisition related costs		$ 500
Fair value of earnout		$ 57,633	$ 54,796	$ 12,277
Rialco Limited [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Acquisition date		Mar. 1, 2016
Businesses purchased, net of cash acquired	$ 8,400
Fair value of earnout		$ 2,109
Rialco Limited [Member] | Backlog [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Fair value discount rate		19.00%
Weighted average useful life, Description		less than one year
Rialco Limited [Member] | Customer Relationships [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Fair value discount rate		30.00%
Rialco Limited [Member] | Trade Names [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Fair value discount rate		30.00%
Rialco Limited [Member] | Earnout [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Fair value discount rate		0.80%

Acquisitions - Allocation of Pu

Acquisitions - Allocation of Purchase Price to Assets Acquired and Liabilities Assumed (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 01, 2016	Dec. 31, 2015
Acquired Finite-Lived Intangible Assets [Line Items]
Purchase Price Allocation, Goodwill	$ 344,369		$ 338,793
Rialco Limited [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Purchase Price Allocation, Goodwill		$ 1,426
Purchase Price Allocation, assets Net		5,603
Net tangible assets		5,177
Total purchase price		10,780
Customer Relationships [Member] | Rialco Limited [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Weighted average useful life	5 years
Purchase Price Allocation, intangible assets		2,512
Existing Technology [Member] | Rialco Limited [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Weighted average useful life	5 years
Purchase Price Allocation, intangible assets		846
Trade Names [Member] | Rialco Limited [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Weighted average useful life	4 years
Purchase Price Allocation, intangible assets		763
Backlog [Member] | Rialco Limited [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Weighted average useful life	less than one year
Purchase Price Allocation, intangible assets		$ 56

Investments and Fair Value Me44

Investments and Fair Value Measurements - Additional Information (Detail) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015	Dec. 31, 2014
Investments And Fair Value Measurements [Line Items]
Maturity of highly liquid investments	Three months or less
Maturity of marketable investments	Greater than three months
Net unrealized gains (losses) on sale of securities included in other comprehensive income	$ 700,000		$ (600,000)
Available-for-sale securities, net realized gains
Net Asset Value per share	$ 1
Cash equivalents and short term investments	$ 344,238,000		347,266,000
Transfers between Level 1 and 2	0	$ 0
Fair value of liability	57,633,000		54,796,000	$ 12,277,000
Contingent liabilities, current	3,900,000
Contingent liabilities, noncurrent	53,700,000
Fair value of contingent consideration increase (decrease)	(800,000)		(3,500,000)
Earnout interest accretion	600,000		1,400,000
Payments	$ 1,443,000		4,093,000
Probability-adjusted revenue	5.00%
Change in fair value of contingent consideration	$ 1,800,000
Percentage of increase or decrease in the fair value of contingent consideration	1.00%
Change in fair value of contingent consideration resulting from a change in discount rate	$ 1,300,000
Notional amount of derivative assets and liabilities	156,200,000		118,600,000
Designated as Hedging Instruments [Member]
Investments And Fair Value Measurements [Line Items]
Notional amount of derivative assets and liabilities	3,400,000		3,200,000
Metrix [Member]
Investments And Fair Value Measurements [Line Items]
Payments	200,000		600,000
SmartLinc, Inc. [Member]
Investments And Fair Value Measurements [Line Items]
Payments			300,000
Direct Smile [Member]
Investments And Fair Value Measurements [Line Items]
Payments	$ 1,200,000
Technique [Member]
Investments And Fair Value Measurements [Line Items]
Payments			2,000,000
GamSys [Member]
Investments And Fair Value Measurements [Line Items]
Payments			1,100,000
Maximum [Member]
Investments And Fair Value Measurements [Line Items]
Probability of achieving revenue	100.00%
Maximum [Member] | Productivity Software [Member] | Monte Carlo Valuation Method [Member]
Investments And Fair Value Measurements [Line Items]
Fair value discount rate	4.98%
Maximum [Member] | Earnout [Member] | Productivity Software [Member] | Probability-Adjusted Method [Member]
Investments And Fair Value Measurements [Line Items]
Fair value discount rate	6.00%
Minimum [Member]
Investments And Fair Value Measurements [Line Items]
Probability of achieving revenue	60.00%
Minimum [Member] | Productivity Software [Member] | Monte Carlo Valuation Method [Member]
Investments And Fair Value Measurements [Line Items]
Fair value discount rate	0.60%
Minimum [Member] | Earnout [Member] | Productivity Software [Member] | Probability-Adjusted Method [Member]
Investments And Fair Value Measurements [Line Items]
Fair value discount rate	4.20%
Maximum Potential Payment [Member]
Investments And Fair Value Measurements [Line Items]
Payments	$ 16,000,000
Money Market Funds [Member]
Investments And Fair Value Measurements [Line Items]
Net Asset Value per share	$ 1	$ 1
Cash equivalents and short term investments	$ 62,197,000		13,221,000
Corporate Debt Securities [Member]
Investments And Fair Value Measurements [Line Items]
Cash equivalents and short term investments	165,739,000		198,778,000
Corporate Debt Securities [Member] | Cash Equivalents [Member]
Investments And Fair Value Measurements [Line Items]
Cash equivalents and short term investments	$ 600,000		$ 700,000

Investments and Fair Value Me45

Investments and Fair Value Measurements - Available-for-Sale Short-Term Investments (Detail) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Schedule of Available-for-sale Securities [Line Items]
Amortized cost	$ 280,803	$ 333,874
Gross unrealized gains	965	229
Gross unrealized losses	(297)	(827)
Fair value	281,471	333,276
U.S. Government and Sponsored Entities [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized cost	81,008	98,411
Gross unrealized gains	322	12
Gross unrealized losses	(2)	(137)
Fair value	81,328	98,286
Corporate Debt Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized cost	165,037	198,498
Gross unrealized gains	368	20
Gross unrealized losses	(236)	(510)
Fair value	165,169	198,008
Asset-Backed Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized cost	33,298	35,276
Gross unrealized gains	273	195
Gross unrealized losses	(56)	(174)
Fair value	33,515	35,297
Mortgage-Backed Securities - Residential [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized cost	1,460	1,689
Gross unrealized gains	2	2
Gross unrealized losses	(3)	(6)
Fair value	$ 1,459	$ 1,685

Investments and Fair Value Me46

Investments and Fair Value Measurements - Summary of Fair Value and Duration of Investments, Including Cash Equivalents, that have been Classified in Gross Unrealized Loss Position (Detail) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Schedule of Available-for-sale Securities [Line Items]
Less than 12 Months, Fair Value	$ 103,041	$ 247,332
Less than 12 Months, Unrealized Losses	(208)	(690)
More than 12 Months, Fair Value	19,219	24,340
More than 12 Months, Unrealized Losses	(89)	(137)
Total, Fair Value	122,260	271,672
Total, Unrealized Losses	(297)	(827)
U.S. Government and Sponsored Entities [Member]
Schedule of Available-for-sale Securities [Line Items]
Less than 12 Months, Fair Value	15,813	82,366
Less than 12 Months, Unrealized Losses	(2)	(137)
Total, Fair Value	15,813	82,366
Total, Unrealized Losses	(2)	(137)
Corporate Debt Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Less than 12 Months, Fair Value	68,349	136,274
Less than 12 Months, Unrealized Losses	(189)	(448)
More than 12 Months, Fair Value	11,957	16,940
More than 12 Months, Unrealized Losses	(47)	(62)
Total, Fair Value	80,306	153,214
Total, Unrealized Losses	(236)	(510)
Asset-Backed Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Less than 12 Months, Fair Value	18,392	27,928
Less than 12 Months, Unrealized Losses	(16)	(103)
More than 12 Months, Fair Value	7,022	7,131
More than 12 Months, Unrealized Losses	(40)	(71)
Total, Fair Value	25,414	35,059
Total, Unrealized Losses	(56)	(174)
Mortgage-Backed Securities - Residential [Member]
Schedule of Available-for-sale Securities [Line Items]
Less than 12 Months, Fair Value	487	764
Less than 12 Months, Unrealized Losses	(1)	(2)
More than 12 Months, Fair Value	240	269
More than 12 Months, Unrealized Losses	(2)	(4)
Total, Fair Value	727	1,033
Total, Unrealized Losses	$ (3)	$ (6)

Investments and Fair Value Me47

Investments and Fair Value Measurements - Amortized Cost and Estimated Fair Value of Investments (Detail) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Amortized Cost and Fair Value Debt Securities [Abstract]
Mature in less than one year, Amortized cost	$ 90,975
Mature in one to three years, Amortized cost	189,828
Amortized cost	280,803	$ 333,874
Mature in less than one year, Fair value	90,993
Mature in one to three years, Fair value	190,478
Total short-term investments, Fair value	$ 281,471	$ 333,276

Investments and Fair Value Me48

Investments and Fair Value Measurements - Investments in Accordance with Fair Value Hierarchy (Detail) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Investments And Fair Value Measurements [Line Items]
Total Investments	$ 344,238	$ 347,266
Contingent consideration, current and noncurrent	57,633	54,796	$ 12,277
Self-insurance	1,477	1,268
Liabilities	59,110	56,064
Money Market Funds [Member]
Investments And Fair Value Measurements [Line Items]
Total Investments	62,197	13,221
U.S. Government and Sponsored Entities [Member]
Investments And Fair Value Measurements [Line Items]
Total Investments	81,328	98,286
Corporate Debt Securities [Member]
Investments And Fair Value Measurements [Line Items]
Total Investments	165,739	198,778
Asset-Backed Securities [Member]
Investments And Fair Value Measurements [Line Items]
Total Investments	33,516	35,297
Mortgage-Backed Securities - Residential [Member]
Investments And Fair Value Measurements [Line Items]
Total Investments	1,458	1,684
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Investments And Fair Value Measurements [Line Items]
Total Investments	101,935	47,933
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Money Market Funds [Member]
Investments And Fair Value Measurements [Line Items]
Total Investments	62,197	13,221
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | U.S. Government and Sponsored Entities [Member]
Investments And Fair Value Measurements [Line Items]
Total Investments	39,738	34,712
Significant Other Observable Inputs (Level 2) [Member]
Investments And Fair Value Measurements [Line Items]
Total Investments	242,067	299,149
Significant Other Observable Inputs (Level 2) [Member] | U.S. Government and Sponsored Entities [Member]
Investments And Fair Value Measurements [Line Items]
Total Investments	41,590	63,574
Significant Other Observable Inputs (Level 2) [Member] | Corporate Debt Securities [Member]
Investments And Fair Value Measurements [Line Items]
Total Investments	165,739	198,778
Significant Other Observable Inputs (Level 2) [Member] | Asset-Backed Securities [Member]
Investments And Fair Value Measurements [Line Items]
Total Investments	33,280	35,113
Significant Other Observable Inputs (Level 2) [Member] | Mortgage-Backed Securities - Residential [Member]
Investments And Fair Value Measurements [Line Items]
Total Investments	1,458	1,684
Unobservable Inputs (Level 3) [Member]
Investments And Fair Value Measurements [Line Items]
Total Investments	236	184
Contingent consideration, current and noncurrent	57,633	54,796
Self-insurance	1,477	1,268
Liabilities	59,110	56,064
Unobservable Inputs (Level 3) [Member] | Asset-Backed Securities [Member]
Investments And Fair Value Measurements [Line Items]
Total Investments	$ 236	$ 184

Investments and Fair Value Me49

Investments and Fair Value Measurements - Summary of Changes in Fair Value of Contingent Consideration (Detail) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Business Acquisition, Contingent Consideration [Line Items]
Fair value of contingent consideration	$ 54,796	$ 12,277
Changes in valuation	(206)	(3,575)
Payments	(1,443)	(4,093)
Foreign currency adjustment	2,377	(611)
Fair value of contingent consideration	57,633	54,796
Reggiani Macchine [Member]
Business Acquisition, Contingent Consideration [Line Items]
Fair value of contingent consideration	43,170
Fair value of contingent consideration		$ 43,170
Date of acquisition agreement		Jul. 1, 2015
CTI [Member]
Business Acquisition, Contingent Consideration [Line Items]
Fair value of contingent consideration	2,551
Fair value of contingent consideration		$ 2,551
Date of acquisition agreement		Oct. 6, 2015
Shuttleworth [Member]
Business Acquisition, Contingent Consideration [Line Items]
Fair value of contingent consideration	5,077
Fair value of contingent consideration		$ 5,077
Date of acquisition agreement		Nov. 4, 2015
Rialco Limited [Member]
Business Acquisition, Contingent Consideration [Line Items]
Fair value of contingent consideration	$ 2,109
Date of acquisition agreement	Mar. 1, 2016

Investments and Fair Value Me50

Investments and Fair Value Measurements - Additional Information1 (Detail) - Convertible Senior Notes Due 2019 [Member] - USD ($) $ in Millions	1 Months Ended
	Sep. 30, 2014	Mar. 31, 2016
Investments And Fair Value Measurements [Line Items]
Aggregate principal amount of debt issued	$ 345
Interest rate of debt issued	0.75%
Maturity year of debt	2,019
Fair value of notes issued		$ 362

Convertible Senior Notes ("No51

Convertible Senior Notes ("Notes"), Note Hedges, and Warrants - Additional Information (Detail) - USD ($)	1 Months Ended	3 Months Ended	12 Months Ended
	Sep. 30, 2014	Mar. 31, 2016	Dec. 31, 2015
Debt Instrument [Line Items]
Net carrying amount		$ 294,065,000	$ 290,734,000
Aggregate amount paid for Note Hedges	$ 63,900,000
Proceeds from sale of warrants	34,500,000
Debt Issuance Costs [Member]
Debt Instrument [Line Items]
Reclassification of debt issuance costs from current and non current assets			5,800,000
Liability Component [Member]
Debt Instrument [Line Items]
Net carrying amount		294,065,000	290,734,000
Equity Component [Member]
Debt Instrument [Line Items]
Debt issuance costs		1,582,000	1,582,000
Net carrying amount		62,061,000	62,061,000
Equity Component Gross Value [Member]
Debt Instrument [Line Items]
Net carrying amount		63,643,000	$ 63,643,000
0.75% Convertible Senior Notes Due 2019 [Member]
Debt Instrument [Line Items]
Debt instrument, principal amount	$ 345,000,000
Interest rate of debt, stated percentage	0.75%
Debt instrument, maturity year	2,019
Net proceeds from issuance of debt		336,300,000
Net proceeds used to purchase Note Hedges		$ 29,400,000
Debt instrument, description		The Notes are senior unsecured obligations of EFI with interest payable semiannually in arrears on March 1 and September 1 of each year, commencing March 1, 2015. The Notes are not callable and will mature on September 1, 2019, unless previously purchased or converted in accordance with their terms prior to such date.
Conversion rate, number of share per $1,000 principal amount		18.9667
Conversion rate, principal amount of Notes		$ 1,000
Initial conversion price		$ 52.72
Debt instrument, Conversion rate description		• during any calendar quarter commencing after the calendar quarter ending on December 31, 2014 (and only during such calendar quarter), if the last reported sale price of our common stock for at least 20 trading days (whether or not consecutive) during a period of 30 consecutive trading days ending on the last trading day of the immediately preceding calendar quarter is greater than or equal to 130% of the conversion price on each applicable trading day; • during the five business day period after any five consecutive trading day period (“Notes Measurement Period”) in which the “trading price” (as the term is defined in the Indenture) per $1,000 principal amount of Notes for each trading day of such Notes Measurement Period was less than 98% of the product of the last reported stock price on such trading day and the conversion rate on each such trading day; • upon the occurrence of specified corporate events; or • at any time on or after March 1, 2019 until the close of business on the second scheduled trading day immediately preceding the maturity date.
Conversion threshold minimum stock price as a percentage of conversion price		130.00%
Effective interest rate percentage		4.98%
Deferred tax liability		$ 23,700,000
Common stock strike price per share		$ 68.86
0.75% Convertible Senior Notes Due 2019 [Member] | Debt Issuance Costs [Member]
Debt Instrument [Line Items]
Effective interest rate percentage		5.46%
0.75% Convertible Senior Notes Due 2019 [Member] | Liability Component [Member]
Debt Instrument [Line Items]
Debt issuance costs		$ 7,000,000
0.75% Convertible Senior Notes Due 2019 [Member] | Equity Component [Member]
Debt Instrument [Line Items]
Debt issuance costs		$ 1,600,000

Convertible Senior Notes ("No52

Convertible Senior Notes ("Notes"), Note Hedges, and Warrants - Schedule of Convertible Notes (Detail) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Debt Instrument [Line Items]
Net carrying amount	$ 294,065	$ 290,734
Liability Component Gross Value [Member]
Debt Instrument [Line Items]
Liability component	345,000	345,000
Liability Component [Member]
Debt Instrument [Line Items]
Debt discount, net of amortization	(45,539)	(48,515)
Debt issuance costs, net of amortization	(5,396)	(5,751)
Net carrying amount	294,065	290,734
Equity Component Gross Value [Member]
Debt Instrument [Line Items]
Net carrying amount	63,643	63,643
Equity Component [Member]
Debt Instrument [Line Items]
Less: debt issuance costs allocated to equity	(1,582)	(1,582)
Net carrying amount	$ 62,061	$ 62,061

Convertible Senior Notes ("No53

Convertible Senior Notes ("Notes"), Note Hedges, and Warrants - Summary of Interest Expense Recognized Related to Notes (Detail) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Debt Disclosure [Abstract]
0.75% coupon	$ 640	$ 647
Amortization of debt issuance costs	355	342
Amortization of debt discount	2,976	2,849
Interest expense recognized related to notes	$ 3,971	$ 3,838

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Income Tax Disclosure [Abstract]
Provisions for income taxes	$ 263	$ 1,081
Pretax net income on tax provisions	2,117	6,318
Provisions for income taxes before discrete items	$ 500	$ 1,800
U.S. statutory income tax rate	35.00%
Unrecognized tax benefits that would affect the effective tax rate if recognized	$ 44,000		$ 43,500
Gross unrecognized tax benefits decrease in next 12 months	3,800
Offset to deferred tax assets for unrecognized tax benefits	35,400
Estimated unrecognized tax benefits	11,650		11,312
Accrued interest and penalties related to unrecognized tax benefits	$ 700		$ 500

Income Taxes - Tax Provision be

Income Taxes - Tax Provision before Discrete Items Reconciled to Recorded Provision for Income Taxes (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Income Tax Disclosure [Abstract]
Provision for income taxes before discrete items	$ 500	$ 1,800
Interest related to unrecognized tax benefits	200	100
Benefit related to U.S. transfer pricing adjustment		(400)
Benefit related to Spanish statutory and tax intangibles write-off		(300)
Benefit for reassessment of taxes upon filing of tax returns	(300)
Tax deductions related to ESPP dispositions	(100)	(100)
Provision for income taxes	$ 263	$ 1,081

Income Taxes - Open Tax Years -

Income Taxes - Open Tax Years - Additional Information (Detail)	3 Months Ended
	Mar. 31, 2016
Earliest Tax Year [Member] | State Tax Jurisdictions [Member]
Income Tax Examination [Line Items]
Open tax year	2,011
Earliest Tax Year [Member] | Internal Revenue Service [Member]
Income Tax Examination [Line Items]
Open tax year	2,012
Earliest Tax Year [Member] | Netherlands Tax Authority [Member]
Income Tax Examination [Line Items]
Open tax year	2,014
Earliest Tax Year [Member] | Spanish Tax Authority [Member]
Income Tax Examination [Line Items]
Open tax year	2,011
Earliest Tax Year [Member] | Italian Tax Authority [Member]
Income Tax Examination [Line Items]
Open tax year	2,012
Latest Tax Year [Member] | State Tax Jurisdictions [Member]
Income Tax Examination [Line Items]
Open tax year	2,015
Latest Tax Year [Member] | Internal Revenue Service [Member]
Income Tax Examination [Line Items]
Open tax year	2,015
Latest Tax Year [Member] | Netherlands Tax Authority [Member]
Income Tax Examination [Line Items]
Open tax year	2,015
Latest Tax Year [Member] | Spanish Tax Authority [Member]
Income Tax Examination [Line Items]
Open tax year	2,015
Latest Tax Year [Member] | Italian Tax Authority [Member]
Income Tax Examination [Line Items]
Open tax year	2,015

Commitments and Contingencies -

Commitments and Contingencies - Real Estate (Detail) - Matan Digital Printers [Member]	3 Months Ended
	Mar. 31, 2016USD ($)
Minimum [Member]
Commitments Contingencies And Litigation [Line Items]
Estimated material loss from outstanding claim in business acquisition	$ 1
Maximum [Member]
Commitments Contingencies And Litigation [Line Items]
Estimated material loss from outstanding claim in business acquisition	$ 9,600,000

Segment Information, Geographic

Segment Information, Geographic Regions, and Major Customers - Additional Information (Detail)	3 Months Ended
	Mar. 31, 2016Segment
Segment Reporting [Abstract]
Number of operating segments	3

Segment Information, Geograph59

Segment Information, Geographic Regions, and Major Customers - Summary of Operating Segment Profit (Gross Profit), Excluding Stock-Based Compensation Expense by Segment (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Segment Reporting Information [Line Items]
Revenue	$ 234,133	$ 194,554
Industrial Inkjet [Member]
Segment Reporting Information [Line Items]
Revenue	125,798	87,607
Gross profit	$ 42,450	$ 29,572
Gross profit percentages	33.70%	33.80%
Productivity Software [Member]
Segment Reporting Information [Line Items]
Revenue	$ 32,540	$ 31,107
Gross profit	$ 23,694	$ 22,418
Gross profit percentages	72.80%	72.10%
Fiery [Member]
Segment Reporting Information [Line Items]
Revenue	$ 75,795	$ 75,840
Gross profit	$ 53,264	$ 54,391
Gross profit percentages	70.30%	71.70%

Segment Information, Geograph60

Segment Information, Geographic Regions, and Major Customers - Reconciliation of Operating Segment Gross Profit to Consolidated Statements of Operations (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Segment Reporting Information [Line Items]
Stock-based compensation expense	$ (11,557)	$ (8,892)
Gross profit	118,372	105,440
Cost of Revenue [Member]
Segment Reporting Information [Line Items]
Stock-based compensation expense	(722)	(824)
Material Reconciling Items [Member]
Segment Reporting Information [Line Items]
Other items excluded from segment profit	(314)	(117)
Gross profit	118,372	105,440
Material Reconciling Items [Member] | Segment Profit [Member]
Segment Reporting Information [Line Items]
Segment gross profit	119,408	106,381
Material Reconciling Items [Member] | Cost of Revenue [Member]
Segment Reporting Information [Line Items]
Stock-based compensation expense	$ (722)	$ (824)

Segment Information, Geograph61

Segment Information, Geographic Regions, and Major Customers - Tangible and Intangible Assets, Net of Liabilities, Summarized by Operating Segment (Detail) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Segment Reporting Information [Line Items]
Goodwill	$ 344,369	$ 338,793
Identified intangible assets, net	133,730	135,552
Tangible assets, net of liabilities	351,299	349,849
Total stockholders' equity	829,398	824,194
Operating Segment [Member] | Industrial Inkjet [Member]
Segment Reporting Information [Line Items]
Goodwill	141,106	142,183
Identified intangible assets, net	103,102	101,623
Tangible assets, net of liabilities	133,289	102,351
Total stockholders' equity	377,496	346,157
Operating Segment [Member] | Productivity Software [Member]
Segment Reporting Information [Line Items]
Goodwill	139,568	133,128
Identified intangible assets, net	30,299	33,432
Tangible assets, net of liabilities	(14,897)	(10,023)
Total stockholders' equity	154,970	156,537
Operating Segment [Member] | Fiery [Member]
Segment Reporting Information [Line Items]
Goodwill	63,695	63,482
Identified intangible assets, net	329	497
Tangible assets, net of liabilities	28,196	23,954
Total stockholders' equity	92,221	87,933
Corporate and Unallocated Net Assets [Member]
Segment Reporting Information [Line Items]
Tangible assets, net of liabilities	204,711	233,567
Total stockholders' equity	$ 204,711	$ 233,567

Segment Information, Geograph62

Segment Information, Geographic Regions, and Major Customers - Revenue by Ship-to Destination (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Segment Reporting Information [Line Items]
Total revenue	$ 234,133	$ 194,554
Americas [Member]
Segment Reporting Information [Line Items]
Total revenue	120,266	107,714
Europe, Middle East, and Africa ("EMEA") [Member]
Segment Reporting Information [Line Items]
Total revenue	83,583	60,128
Asia Pacific ("APAC") [Member]
Segment Reporting Information [Line Items]
Total revenue	$ 30,284	$ 26,712

Derivatives and Hedging - Addit

Derivatives and Hedging - Additional Information (Detail) - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional amount of derivative assets and liabilities	$ 156,200,000	$ 118,600,000
Designated as Hedging Instruments [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional amount of derivative assets and liabilities	3,400,000	3,200,000
Brazilian Real, British Pound Sterling, Israeli Shekel, Australian Dollar, Japanese Yen, Chinese Renminbi, and Euro Denominated Intercompany Balances [Member] | Not Designated as Hedging Instruments [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional amount of derivative assets and liabilities	94,600,000	63,700,000
Brazilian Real, British Pound Sterling, Australian Dollar, Canadian Dollar, and Euro-Denominated Trade Receivables [Member] | Not Designated as Hedging Instruments [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional amount of derivative assets and liabilities	55,400,000	49,100,000
Indian Rupee Net Monetary Assets [Member] | Not Designated as Hedging Instruments [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional amount of derivative assets and liabilities	2,800,000	2,600,000
Forward Contracts [Member] | Not Designated as Hedging Instruments [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional amount of derivative assets and liabilities	152,800,000	115,400,000
Foreign Exchange Contracts [Member] | Designated as Hedging Instruments [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional amount of derivative assets and liabilities	$ 3,400,000	$ 3,200,000

Restructuring and Other - Addit

Restructuring and Other - Additional Information (Detail) $ in Thousands	3 Months Ended
	Mar. 31, 2016USD ($)Employees	Mar. 31, 2015USD ($)Employees
Reorganizations [Abstract]
Restructuring and other costs	$ 2,715	$ 1,029
Severance charges	$ 2,500	$ 700
Number of head count reductions | Employees	71	34
Facilities relocation and downsizing expenses	$ 100	$ 400
Integration expenses	$ 100

Restructuring and Other - Restr

Restructuring and Other - Restructuring and Other Reserve Activities (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Restructuring and Related Activities [Abstract]
Reserve balance at January 1,	$ 3,019	$ 2,102
Restructuring charges	1,846	882
Other charges	868	148
Non-cash restructuring and other	(403)
Payments	(1,828)	(1,023)
Reserve balance at March 31,	$ 3,502	$ 2,109

Stock-based Compensation - Sche

Stock-based Compensation - Schedule of Stock-Based Compensation Expense (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	$ 11,557	$ 8,892
Income tax effect	(2,659)	(1,979)
Stock-based compensation expense, net of tax	8,898	6,913
Employee Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	(45)	34
RSUs [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	10,836	7,679
ESPP [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	$ 766	$ 1,179

Stock-based Compensation - Valu

Stock-based Compensation - Valuation Assumptions for Stock Options and ESPP Purchase - Additional Information (Detail) - shares shares in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Options granted	0	0

Stock-based Compensation - Sc68

Stock-based Compensation - Schedule of ESPP Purchase Rights and Underlying Weighted Average Assumptions (Detail) - ESPP [Member] - $ / shares	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average fair value per share	$ 10.39	$ 10.17
Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected volatility	22.00%	26.00%
Risk-free interest rate	0.50%	0.10%
Expected term (in years)	6 months	6 months
Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected volatility	25.00%	28.00%
Risk-free interest rate	0.80%	0.50%
Expected term (in years)	2 years	2 years

Stock-based Compensation - Sc69

Stock-based Compensation - Schedule of Stock Options Outstanding and Exercisable (Detail) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2016USD ($)$ / sharesshares
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Shares, Options outstanding, beginning balance | shares	443
Shares outstanding, Options forfeited and expired | shares	(12)
Shares outstanding, Options exercised | shares	(1)
Shares, Options outstanding, ending balance | shares	430
Shares outstanding, Options vested and expected to vest, ending balance | shares	430
Shares outstanding, Options exercisable, ending balance | shares	430
Weighted average exercise price, Options outstanding, beginning balance | $ / shares	$ 13.20
Weighted average exercise price, Options forfeited and expired | $ / shares	10.77
Weighted average exercise price, Options exercised | $ / shares	16.57
Weighted average exercise price, Options outstanding, ending balance | $ / shares	13.25
Weighted average exercise price, Options vested and expected to vest, ending balance | $ / shares	13.25
Weighted average exercise price, Options exercisable, ending balance | $ / shares	$ 13.25
Weighted average remaining contractual term (years), Options outstanding	1 year 10 months 21 days
Weighted average remaining contractual term (years), Options vested and expected to vest	1 year 10 months 21 days
Weighted average remaining contractual term (years), Options exercisable	1 year 10 months 21 days
Aggregate intrinsic value, Options outstanding | $	$ 12,518
Aggregate intrinsic value, Options vested and expected to vest | $	12,518
Aggregate intrinsic value, Options exercisable | $	$ 12,518

Stock-based Compensation - Sc70

Stock-based Compensation - Schedule of Non-Vested RSUs (Detail) - RSUs [Member] shares in Thousands	3 Months Ended
	Mar. 31, 2016$ / sharesshares
Nonvested Restricted Stock Units Activity [Line Items]
Non-vested, beginning balance | shares	1,814
Shares, Restricted stock granted | shares	412
Shares, Restricted stock vested | shares	(251)
Shares, Restricted stock forfeited | shares	(217)
Non-vested, ending balance | shares	1,758
Weighted average grant date fair value, Non-vested, beginning balance | $ / shares	$ 40.53
Weighted average grant date fair value, Restricted stock granted | $ / shares	38.96
Weighted average grant date fair value, Restricted stock vested | $ / shares	37
Weighted average grant date fair value, Restricted stock forfeited | $ / shares	38.85
Weighted average grant date fair value, Non-vested, ending balance | $ / shares	$ 40.87

Stock-based Compensation - Vest

Stock-based Compensation - Vested RSUs - Additional Information (Detail) - USD ($) shares in Thousands, $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options granted	0	0
RSUs [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair value of RSUs vested during the year	$ 9.3
Aggregate intrinsic value of RSUs vested and expected to vest	$ 66.4
Weighted average period of recognition of unrecognized compensation cost	1 year 1 month 6 days
Performance-based Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options granted	0
Market-based Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options granted	0

Stock-based Compensation - Sc72

Stock-based Compensation - Schedule of Performance-Based and Market-Based RSUs and Stock Options (Detail) - shares shares in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock Options, Granted	0	0
Performance-based Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock Options, Non-vested, beginning balance	16
Stock Options, Granted	0
Stock Options, Vested	(4)
Stock Options, Forfeited	(12)
Performance-based RSUs [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Non-vested, beginning balance	920
RSUs, Granted	343
RSUs, Vested	(211)
RSUs, Forfeited	(195)
Non-vested, ending balance	857
Market-based RSUs [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Non-vested, beginning balance	23
Non-vested, ending balance	23

Stock-based Compensation - Sc73

Stock-based Compensation - Schedule of Weighted Average Grant Date Fair Value Per Share of Performance-Based RSUs and Assumptions Used to Estimate Fair Value (Detail) - Performance-based RSUs [Member] - $ / shares	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Short Term [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grant date fair value per share	$ 39.47	$ 37
Service period (years)	1 year	1 year
Long Term [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grant date fair value per share	$ 36.78	$ 38.64
Service period (years)	3 years	2 years

Common Stock Repurchase Progr74

Common Stock Repurchase Programs - Additional Information (Detail) - USD ($) shares in Millions	Nov. 09, 2015	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015	Nov. 06, 2013
Net Share Settlement [Member]
Stock Repurchase Program [Line Items]
Aggregate shares repurchased		0.1	0.1
Value of shares surrendered to satisfy tax withholding obligations		$ 3,100,000	$ 2,500,000
Share Repurchase Program 2013 [Member]
Stock Repurchase Program [Line Items]
Repurchase of common stock, authorized amount	$ 150,000,000				$ 200,000,000
Aggregate shares repurchased		0.5		1.5
Aggregate purchase price		$ 20,000,000		$ 65,700,000
Authorized remaining amount of common stock cancelled	$ 54,900,000
Common stock repurchase authorization expiration date		Dec. 31, 2018

Accounts Receivable - Additiona

Accounts Receivable - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Financing Receivables And Receivables Sold [Line Items]
Financing receivables	$ 21.2	$ 14.8
United States and Italy [Member]
Financing Receivables And Receivables Sold [Line Items]
Trade receivables sold with recourse	5.2	23.2
Spain and Italy [Member]
Financing Receivables And Receivables Sold [Line Items]
Trade receivables sold without recourse	0.4	3.7
Sales-Type Lease [Member]
Financing Receivables And Receivables Sold [Line Items]
Financing receivables	11	10.2
Trade Receivables with Original Maturities in Excess of One Year [Member]
Financing Receivables And Receivables Sold [Line Items]
Financing receivables	$ 10.2	$ 4.6