Cynosure (CYNO) 10-Q 5 Aug 15 2015 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2015	Jul. 29, 2015
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q2
Trading Symbol	CYNO
Entity Registrant Name	CYNOSURE INC
Entity Central Index Key	885,306
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		22,702,247

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Current assets:
Cash and cash equivalents	$ 93,073	$ 75,131
Short-term marketable securities	29,727	32,055
Accounts receivable, net	47,658	42,524
Inventories	73,352	59,318
Prepaid expenses and other current assets	13,702	9,629
Deferred income taxes	17,134	17,228
Total current assets	274,646	235,885
Property and equipment, net	35,348	34,256
Long-term marketable securities	22,405	26,189
Goodwill	105,860	105,764
Intangibles, net	48,971	53,583
Other assets	2,340	2,047
Total assets	489,570	457,724
Current liabilities:
Accounts payable	26,651	20,856
Accrued expenses	38,533	42,426
Deferred revenue	12,121	10,971
Capital lease obligation	324	137
Total current liabilities	77,629	74,390
Capital lease obligation, net of current portion	16,763	16,088
Deferred revenue, net of current portion	815	809
Other noncurrent liabilities	$ 10,669	$ 8,325
Commitments and contingencies (Note 13)
Stockholders' equity:
Preferred stock, $0.001 par value Authorized - 5,000 shares Issued - none
Class A and Class B common stock, $0.001 par value Authorized - 70,000 shares Issued - 24,197 Class A shares and no Class B shares at June 30, 2015; Issued - 23,253 Class A shares and no Class B shares at December 31, 2014	$ 24	$ 23
Additional paid-in capital	376,396	355,082
Retained earnings	45,324	39,974
Accumulated other comprehensive loss	(4,946)	(3,863)
Treasury stock, 1,628 Class A shares, at cost	(33,104)	(33,104)
Total stockholders' equity	383,694	358,112
Total liabilities and stockholders' equity	$ 489,570	$ 457,724

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2015	Dec. 31, 2014
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred stock, shares issued	0	0
Class A and Class B common stock, shares authorized	70,000,000	70,000,000
Common Stock Class A [Member]
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares issued	24,197,000	23,253,000
Treasury stock, shares	1,628,000	1,628,000
Common Stock Class B [Member]
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares issued	0	0

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Income Statement [Abstract]
Product revenues	$ 69,429	$ 59,596	$ 125,931	$ 109,297
Parts, accessories, service and royalty revenues	14,265	12,977	32,675	25,280
Total revenues	83,694	72,573	158,606	134,577
Cost of revenues	36,338	31,880	68,477	58,489
Gross profit	47,356	40,693	90,129	76,088
Operating expenses:
Sales and marketing	26,426	20,867	52,122	40,989
Research and development	5,251	4,999	11,209	10,573
Amortization of intangible assets acquired	736	713	1,472	1,426
General and administrative	7,302	7,716	15,632	15,356
Total operating expenses	39,715	34,295	80,435	68,344
Income from operations	7,641	6,398	9,694	7,744
Interest expense, net	(430)	(343)	(832)	(692)
Other income (expense), net	484	213	(1,179)	279
Income before provision for income taxes	7,695	6,268	7,683	7,331
Provision for income taxes	2,337	1,693	2,333	2,067
Net income	$ 5,358	$ 4,575	$ 5,350	$ 5,264
Basic net income per share	$ 0.24	$ 0.21	$ 0.24	$ 0.24
Diluted net income per share	$ 0.24	$ 0.20	$ 0.24	$ 0.23
Basic weighted average common shares outstanding	22,246	22,088	21,957	22,033
Diluted weighted average common shares outstanding	22,615	22,373	22,369	22,470

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Statement of Comprehensive Income [Abstract]
Net income	$ 5,358	$ 4,575	$ 5,350	$ 5,264
Other comprehensive income (loss) components:
Cumulative translation adjustment	290	229	(1,089)	180
Unrealized (loss) gain on marketable securities, net of taxes	(7)	2	6	(4)
Total other comprehensive income (loss)	283	231	(1,083)	176
Comprehensive income	$ 5,641	$ 4,806	$ 4,267	$ 5,440

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Operating activities:
Net income	$ 5,350	$ 5,264
Reconciliation of net income to net cash (used in) provided by operating activities:
Depreciation and amortization	9,424	8,435
Stock-based compensation expense	3,734	3,344
Loss on disposal of fixed assets	16	30
Noncash interest expense on capital lease obligations	827	734
Noncash interest expense on license transfer agreement	100
Deferred income taxes	2,250	(154)
Net accretion of marketable securities	1,034	625
Changes in operating assets and liabilities:
Accounts receivable	(5,798)	(10,941)
Inventories	(17,051)	(2,626)
Net book value of demonstration inventory sold	252	293
Prepaid expenses and other current assets	(4,089)	1,974
Accounts payable	5,873	5,519
Tax benefit from stock option exercises	(248)	(2,468)
Accrued expenses	(3,603)	(6,651)
Deferred revenue	1,269	498
Other noncurrent liabilities	(234)
Net cash (used in) provided by operating activities	(894)	3,876
Investing activities:
Purchases of property and equipment	(4,049)	(9,661)
Proceeds from the sales and maturities of marketable securities	22,420	12,940
Purchases of marketable securities	(17,346)	(35,146)
Increase in other noncurrent assets	(21)	(70)
Net cash provided by (used in) investing activities	1,004	(31,937)
Financing activities:
Excess tax benefit on options exercised	248	2,468
Repurchases of common stock		(8,971)
Proceeds from stock option exercises	17,330	7,486
Payments on capital lease obligation	(117)	(516)
Net cash provided by financing activities	17,461	467
Effect of exchange rate changes on cash and cash equivalents	371	(122)
Net increase (decrease) in cash and cash equivalents	17,942	(27,716)
Cash and cash equivalents, beginning of the period	75,131	93,655
Cash and cash equivalents, end of the period	93,073	65,939
Supplemental cash flow information
Cash paid for interest	9	9
Cash paid for income taxes	2,444	1,359
Supplemental noncash investing and financing activities
Transfer of demonstration equipment from inventory to fixed assets	3,296	1,045
Assets acquired under capital lease	151	$ 58
Net effect of acquisition-related opening balance sheet adjustments	$ 143

Interim Consolidated Financial

Interim Consolidated Financial Statements	6 Months Ended
	Jun. 30, 2015
Quarterly Financial Information Disclosure [Abstract]
Interim Consolidated Financial Statements	Note 1 — Interim Consolidated Financial Statements The accompanying unaudited interim consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States (U.S. GAAP) for interim information and pursuant to the rules and regulations of the Securities and Exchange Commission for reporting on Form 10-Q. Accordingly, certain information and footnote disclosures required for complete financial statements are not included herein. It is recommended that these financial statements be read in conjunction with the consolidated financial statements and related notes that appear in the Annual Report on Form 10-K of Cynosure, Inc. (Cynosure) for the year ended December 31, 2014. In the opinion of management, all adjustments (consisting of normal recurring adjustments) considered necessary for a fair presentation of the financial position, results of operations, and cash flows as of the dates and for the periods presented have been included. The results of operations for the six months ended June 30, 2015 may not be indicative of the results that may be expected for the year ending December 31, 2015, or any other period.

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
	Jun. 30, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-Based Compensation	Note 2 — Stock-Based Compensation Cynosure recorded stock-based compensation expense of $1.9 million for each of the three months ended June 30, 2015 and 2014. Cynosure recorded stock-based compensation expense of $3.7 million and $3.3 million for the six months ended June 30, 2015 and 2014, respectively. As of June 30, 2015 and 2014, Cynosure had $25,000 of stock-based compensation expense capitalized as a part of inventory. Total stock-based compensation expense was recorded to cost of revenues and operating expenses based upon the functional responsibilities of the individual holding the respective share-based payments, as follows: Three Months June 30, Six Months Ended June 30, 2015 2014 2015 2014 (In thousands) Cost of revenues $ 80 $ 75 $ 148 $ 140 Sales and marketing 495 519 970 962 Research and development 292 259 549 487 General and administrative 1,047 1,025 2,067 1,755 Total stock-based compensation expense $ 1,914 $ 1,878 $ 3,734 $ 3,344 Cash received from option exercises was $17.3 million and $7.5 million during the six months ended June 30, 2015 and 2014, respectively. Cynosure granted options to purchase 346,029 and 719,230 shares of common stock during the six months ended June 30, 2015 and 2014, respectively. Cynosure has elected to use the Black-Scholes model to determine the weighted average fair value of options. The weighted average fair value of the options granted during the six months ended June 30, 2015 and 2014 was $11.90 and $10.99, respectively, using the following assumptions: Six Months Ended June 30, 2015 2014 Risk-free interest rate 1.39% - 1.55% 1.56% - 1.80% Expected dividend yield — — Expected term 4.8 years 4.6 years Expected volatility 42% - 43% 43% Estimated forfeiture rate 5% 5% Option-pricing models require the input of various subjective assumptions, including the option’s expected life and the price volatility of the underlying stock. Cynosure’s estimated expected stock price volatility is based on its own historical volatility. Cynosure’s expected term of options represents the weighted average period of time that options granted are expected to be outstanding giving consideration to vesting schedules and Cynosure’s historical exercise patterns. 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. The dividend yield of zero is based on the fact that Cynosure has never paid cash dividends and has no present intention to pay cash dividends. Cynosure granted 86,618 and 44,840 restricted stock units during the six months ended June 30, 2015 and 2014, respectively, to employees at a fair market value of its common stock on the date of grant and which vest annually over a three-year period. Cynosure is recognizing related compensation expense on a straight-line basis over the three-year period. Cynosure granted 16,685 and 43,500 restricted stock units during the six months ended June 30, 2015 and 2014, respectively, to non-employee directors at a fair market value of its common stock on the date of grant and which vest quarterly over a one-year period. Cynosure is recognizing related compensation expense on a straight-line basis over the one-year period.

Inventories

Inventories	6 Months Ended
	Jun. 30, 2015
Inventory Disclosure [Abstract]
Inventories	Note 3 — Inventories Cynosure states all inventories at the lower of cost or market, determined on a first-in, first-out method. Inventory includes material, labor and overhead and consists of the following: June 30, December 31, (in thousands) Raw materials $ 19,739 $ 16,875 Work in process 3,336 3,526 Finished goods 50,277 38,917 $ 73,352 $ 59,318

Fair Value

Fair Value	6 Months Ended
	Jun. 30, 2015
Fair Value Disclosures [Abstract]
Fair Value	Note 4 — Fair Value U.S. GAAP establishes a framework for measuring fair value under generally accepted accounting principles and enhances disclosures about fair value measurements. Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. Valuation techniques used to measure fair value must maximize the use of observable inputs and minimize the use of unobservable inputs. The standard describes the following fair value hierarchy based on three levels of inputs, of which the first two are considered observable and the last unobservable, that may be used to measure fair value: • Level 1 — Quoted prices in active markets for identical assets or liabilities. • Level 2 — Inputs other than Level 1 that are observable, either directly or indirectly, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable markets data for substantially the full term of the assets or liabilities. • Level 3 — Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. The following table represents Cynosure’s fair value hierarchy for its financial assets (cash equivalents and marketable securities) measured at fair value as of June 30, 2015 (in thousands): Level 1 Level 2 Level 3 Total Money market funds(1) $ 7,953 $ — $ — $ 7,953 State and municipal bonds — 49,120 — 49,120 Treasuries and government agencies — 3,002 — 3,002 Equity securities 10 — — 10 Total $ 7,963 $ 52,122 $ — $ 60,085 The following table represents Cynosure’s fair value hierarchy for its financial assets (cash equivalents and marketable securities) measured at fair value as of December 31, 2014 (in thousands): Level 1 Level 2 Level 3 Total Money market funds(1) $ 1,753 $ — $ — $ 1,753 State and municipal bonds — 47,744 — 47,744 Treasuries and government agencies — 8,486 — 8,486 Corporate obligations and commercial paper — 2,001 — 2,001 Equity securities 13 — — 13 Total $ 1,766 $ 58,231 $ — $ 59,997 (1) Included in cash and cash equivalents at June 30, 2015 and December 31, 2014. During the six months ended June 30, 2015, there were no significant transfers in and out of Level 1 and Level 2. Cynosure did not have any Level 3 financial assets or liabilities at June 30, 2015 or December 31, 2014.

Short and Long-Term Marketable

Short and Long-Term Marketable Securities	6 Months Ended
	Jun. 30, 2015
Investments, Debt and Equity Securities [Abstract]
Short and Long-Term Marketable Securities	Note 5 — Short and Long-Term Marketable Securities Cynosure’s available-for-sale securities at June 30, 2015 consist of approximately $52.1 million of investments in debt securities consisting of state and municipal bonds, treasuries and government agencies and approximately $10,000 in equity securities. All investments in available-for-sale securities are recorded at fair market value, with any unrealized gains and losses reported as a separate component of accumulated other comprehensive loss. As of June 30, 2015, Cynosure’s marketable securities consist of the following (in thousands): Market Amortized Unrealized Unrealized Available-for-Sale Securities: Short-term marketable securities: State and municipal bonds $ 28,717 $ 28,714 $ 5 $ (2 ) Treasuries and government agencies 1,000 1,000 — — Equity securities 10 10 — — Total short-term marketable securities $ 29,727 $ 29,724 $ 5 $ (2 ) Long-term marketable securities: State and municipal bonds $ 20,403 $ 20,417 $ 2 $ (16 ) Treasuries and government agencies 2,002 2,000 2 — Total long-term marketable securities $ 22,405 $ 22,417 $ 4 $ (16 ) Total available-for-sale securities $ 52,132 $ 52,141 $ 9 $ (18 ) Total marketable securities $ 52,132 As of December 31, 2014, Cynosure’s marketable securities consist of the following (in thousands): Market Amortized Unrealized Unrealized Available-for-Sale Securities: Short-term marketable securities: State and municipal bonds $ 26,041 $ 26,033 $ 8 $ — Treasuries and government agencies 4,000 4,000 — — Corporate obligations and commercial paper 2,001 2,001 — — Equity securities 13 18 — (5 ) Total short-term marketable securities $ 32,055 $ 32,052 $ 8 $ (5 ) Long-term marketable securities: State and municipal bonds $ 21,703 $ 21,721 $ 2 $ (20 ) Treasuries and government agencies 4,486 4,500 — (14 ) Total long-term marketable securities $ 26,189 $ 26,221 $ 2 $ (34 ) Total available-for-sale securities $ 58,244 $ 58,273 $ 10 $ (39 ) Total marketable securities $ 58,244 As of June 30, 2015, Cynosure’s available-for-sale debt securities mature as follows (in thousands): Total Maturities Less One to More State and municipal bonds $ 49,120 $ 28,717 $ 20,403 $ — Treasuries and government agencies 3,002 1,000 2,002 — Total available-for-sale debt securities $ 52,122 $ 29,717 $ 22,405 $ —

Acquisition

Acquisition	6 Months Ended
	Jun. 30, 2015
Business Combinations [Abstract]
Acquisition	Note 6 — Acquisition Ellman International, Inc. On September 5, 2014, Cynosure acquired substantially all of the assets of Ellman International, Inc. (Ellman) for $13.2 million in cash. In addition, Cynosure assumed current liabilities associated with normal working capital and certain contractual liabilities. The purchase price was based primarily on the net working capital on the date of purchase plus an amount to retire all of Ellman’s long term debt on the date of sale. Cynosure also assumed a license transfer agreement as part of the purchase valued at $4.2 million, which is classified as a liability. The acquisition complements Cynosure’s aesthetic treatment platform with radiofrequency energy sources and accessory products. The acquisition of substantially all of the assets of Ellman was considered a business acquisition for accounting purposes. Cynosure is assessing the fair value of the assets acquired and liabilities assumed. Pro forma financial information was filed with the Securities and Exchange Commission within the applicable time period. Cynosure has allocated the purchase price to the net tangible and intangible assets based on their estimated fair values as of September 5, 2014. In 2014, Cynosure completed its fair value procedures on the intangible assets, fixed assets and the license transfer agreement acquired in the Ellman acquisition. As such, the fair value of the accounts receivable, inventory, prepaid and other assets acquired, along with the accounts payable, accrued expenses and deferred revenue assumed presented in the table below are provisional and will be finalized in a later period once the fair value procedures are completed. Goodwill represents the excess of purchase price over the fair value of the net assets acquired. During the six months ended June 30, 2015, Cynosure revised its estimates of the assets acquired and liabilities assumed in the Ellman acquisition, and as a result, increased goodwill from $6.6 million at December 31, 2014 to $6.7 million at June 30, 2015, with the offsetting decrease to inventory. The following table summarizes the estimated fair value as of September 5, 2014 of the net assets acquired (in thousands): Purchase price: Cash paid $ 13,235 Total $ 13,235 Assets (liabilities) acquired: Accounts receivable 2,144 Inventory 3,542 Prepaid and other assets 488 Fixed assets 612 Intangible assets 6,800 Goodwill 6,741 Accounts payable (9 ) Accrued expenses (2,469 ) Deferred revenue (454 ) License transfer agreement (4,160 ) Total $ 13,235

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	6 Months Ended
	Jun. 30, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets	Note 7 — Goodwill and Other Intangible Assets Changes to goodwill during the six months ended June 30, 2015 were as follows (in thousands): Balance – December 31, 2014 $ 105,764 Ellman acquisition 143 Translation adjustment (47 ) Balance – June 30, 2015 $ 105,860 Other intangible assets consisted of the following at June 30, 2015 and December 31, 2014 (in thousands): Developed Business Customer Trade Other Total June 30, 2015 Cost $ 29,240 $ 384 $ 19,718 $ 18,390 $ 1,353 $ 69,085 Translation adjustment — — (42 ) — — (42 ) Accumulated amortization (10,947 ) (225 ) (6,797 ) (2,062 ) (41 ) (20,072 ) Balance, June 30, 2015 $ 18,293 $ 159 $ 12,879 $ 16,328 $ 1,312 $ 48,971 December 31, 2014 Cost $ 29,240 $ 384 $ 19,718 $ 18,390 $ 1,338 $ 69,070 Translation adjustment — 34 2 — 2 38 Accumulated amortization (7,840 ) (252 ) (5,818 ) (1,607 ) (8 ) (15,525 ) Balance, December 31, 2014 $ 21,400 $ 166 $ 13,902 $ 16,783 $ 1,332 $ 53,583 Amortization expense related to developed technology and patents is classified as a component of cost of revenues. Amortization expense related to customer relationships and trade names is classified as a component of amortization of intangible assets acquired. Amortization expense related to business licenses and other is classified as a component of general and administrative expenses. Amortization expense for the three months ended June 30, 2015 and 2014 was $2.3 million and $2.1 million, respectively. Amortization expense for the six months ended June 30, 2015 and 2014 was $4.5 million and $4.2 million, respectively. Cynosure has approximately $1.0 million of indefinite-life intangible assets that are included in other intangible assets in the table above. As of June 30, 2015, amortization expense on existing intangible assets for the next five years and beyond is as follows (in thousands): Remainder of 2015 $ 4,608 2016 8,430 2017 6,441 2018 4,925 2019 3,189 2020 and thereafter 20,402 Total $ 47,995

Warranty Costs

Warranty Costs	6 Months Ended
	Jun. 30, 2015
Guarantees [Abstract]
Warranty Costs	Note 8 — Warranty Costs Cynosure typically provides a one-year parts and labor warranty on end-user sales of lasers. Distributor sales generally include a one-year warranty on parts only. Estimated future costs for initial product warranties are provided for at the time of revenue recognition. The following table sets forth activity in the accrued warranty account, which is a component of accrued expenses in the consolidated balance sheets (in thousands): Balance – December 31, 2014 $ 8,118 Warranty provision related to new sales 6,439 Costs incurred (6,589 ) Balance – June 30, 2015 $ 7,968

Segment Information

Segment Information	6 Months Ended
	Jun. 30, 2015
Segment Reporting [Abstract]
Segment Information	Note 9 — Segment Information In accordance with Accounting Standards Codification (ASC) 280, Segment Reporting Topic, The following table represents total revenues by geographic area: Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 (in thousands) United States $ 48,196 $ 32,722 $ 89,647 $ 60,670 Europe 10,445 13,490 21,102 25,623 Asia / Pacific 18,143 17,199 34,958 32,726 Other 6,910 9,162 12,899 15,558 Total $ 83,694 $ 72,573 $ 158,606 $ 134,577 Total assets by geographic area are as follows: June 30, 2015 December 31, 2014 (in thousands) United States $ 451,937 $ 420,513 Europe 22,657 23,235 Asia / Pacific 20,440 19,182 Eliminations (5,464 ) (5,206 ) Total $ 489,570 $ 457,724 Long-lived assets (property and equipment only) by geographic area are as follows: June 30, 2015 December 31, 2014 (in thousands) United States $ 31,331 $ 30,912 Europe 1,468 1,656 Asia / Pacific 2,549 1,688 Total $ 35,348 $ 34,256 No individual country within Europe or Asia/Pacific represented greater than 10% of total revenue, total assets or long-lived assets for any period presented.

Net Income Per Common Share

Net Income Per Common Share	6 Months Ended
	Jun. 30, 2015
Earnings Per Share [Abstract]
Net Income Per Common Share	Note 10 — Net Income Per Common Share Basic net income per share is determined by dividing net income by the weighted average common shares outstanding during the period. Diluted net income per share is determined by dividing net income by the diluted weighted average shares outstanding during the period. Diluted weighted average shares reflect the dilutive effect, if any, of common stock options and restricted stock units based on the treasury stock method. A reconciliation of basic and diluted shares is as follows (in thousands, except per share data): Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 Net income $ 5,358 $ 4,575 $ 5,350 $ 5,264 Basic weighted average common shares outstanding 22,246 22,088 21,957 22,033 Weighted average common equivalent shares 369 285 412 437 Diluted weighted average common shares outstanding 22,615 22,373 22,369 22,470 Basic net income per share $ 0.24 $ 0.21 $ 0.24 $ 0.24 Diluted net income per share $ 0.24 $ 0.20 $ 0.24 $ 0.23 For the three and six months ended June 30, 2015, approximately 0.9 million and 1.0 million weighted average shares subject to stock options and restricted stock units, respectively, were excluded from the calculation of diluted weighted average common shares outstanding as their effect was antidilutive. For the three and six months ended June 30, 2014, approximately 1.5 million and 1.3 million weighted average shares subject to stock options and restricted stock units, respectively, were excluded from the calculation of diluted weighted average common shares outstanding as their effect was antidilutive.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	6 Months Ended
	Jun. 30, 2015
Equity [Abstract]
Accumulated Other Comprehensive Loss	Note 11 — Accumulated Other Comprehensive Loss Changes to accumulated other comprehensive loss during the six months ended June 30, 2015 were as follows (in thousands): Unrealized of taxes Translation Adjustment Accumulated Other Comprehensive Loss Balance — December 31, 2014 $ (10 ) $ (3,853 ) $ (3,863 ) Current period other comprehensive income (loss) 6 (1,089 ) (1,083 ) Balance — June 30, 2015 $ (4 ) $ (4,942 ) $ (4,946 )

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2015
Income Tax Disclosure [Abstract]
Income Taxes	Note 12 — Income Taxes During each of the three and six months ended June 30, 2015, Cynosure recorded an income tax provision of $2.3 million, representing an effective tax rate of 30%. The income tax provision for the three and six months ended June 30, 2015 was primarily attributable to applying the Company’s estimated annual effective tax rate to its year-to-date consolidated income before provision for income taxes, and includes a $0.5 million discrete tax benefit for the release of the valuation allowance previously maintained against the net deferred tax assets of Palomar Japan KK. The difference between the U.S. federal statutory tax rate and the effective tax rate was primarily attributable to the discrete tax benefit of $0.5 million for the release of valuation allowance previously maintained against the net deferred tax assets of Palomar Japan KK. Other factors resulting in differences between the U.S. federal statutory tax rate and the effective tax rate are the jurisdictional mix of worldwide earnings, non-deductible expenses and the domestic manufacturing deduction. During the three and six months ended June 30, 2014, Cynosure recorded an income tax provision of $1.7 million and $2.1 million, respectively, representing an effective tax rate of 27% and 28%, respectively. The income tax provision for the three and six months ended June 30, 2014 was primarily attributable to applying the Company’s estimated annual effective tax rate to its year-to-date consolidated income before provision for income taxes, and includes a $0.3 million discrete tax benefit for the release of the valuation allowance previously maintained against the net deferred tax assets of Cynosure Spain S.L. The difference between the U.S. federal statutory tax rate and the effective tax rate was primarily attributable to the discrete tax benefit of $0.3 million for the release of the valuation allowance previously maintained against the net deferred tax assets of Cynosure Spain S.L. Other factors resulting in differences between the U.S. federal statutory tax rate and the effective tax rate are the jurisdictional mix of worldwide earnings, non-deductible expenses and the domestic manufacturing deduction. At June 30, 2015 and December 31, 2014, Cynosure had gross tax-effected unrecognized tax benefits of $0.8 million of which the entire amount, if recognized, would favorably impact the effective tax rate. Cynosure classifies interest and penalties related to income taxes as a component of its provision for income taxes. Cynosure does not expect any material changes in the amounts of unrecognized tax benefits over the next 12 months. Cynosure files income tax returns in the U.S. federal jurisdiction, and in various state and foreign jurisdictions. Cynosure is no longer subject to U.S. federal income tax examinations by tax authorities for years before 2011. With few exceptions, Cynosure is no longer subject to U.S. state tax examinations for years before 2010. Additionally, certain non-U.S. jurisdictions are no longer subject to income tax examinations by tax authorities for years before 2010.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2015
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 13 — Commitments and Contingencies Lease Commitments Cynosure leases the land portion of its U.S. operating facility and certain foreign facilities under non-cancellable operating lease agreements expiring through May 2027. These leases are non-cancellable and typically contain renewal options. Certain leases contain rent escalation clauses for which Cynosure recognizes the expense on a straight-line basis. Rent expense for the three and six months ended June 30, 2015 was approximately $0.5 million and $1.0 million, respectively. Rent expense for the three and six months ended June 30, 2014 was approximately $1.0 million and $1.9 million, respectively. The 2014 period rent expense includes rent expense incurred on the former Palomar Medical Technologies, Inc. headquarters, which Cynosure occupied through July 2014. Cynosure leases the buildings portion of its U.S. operating facility and certain equipment and vehicles under capital lease agreements with payments due through May 2027. Commitments under Cynosure’s lease arrangements are as follows as of June 30, 2015 (in thousands): Operating Leases Capital Leases Remainder of 2015 $ 945 $ 86 2016 1,839 2,328 2017 1,833 2,719 2018 1,790 2,626 2019 1,387 2,611 2020 and thereafter 2,842 20,948 Total minimum lease payments $ 10,636 $ 31,318 Less amount representing interest (14,231 ) Present value of obligations under capital leases $ 17,087 Current portion of capital lease obligations 324 Capital lease obligations, net of current portion $ 16,763 Contractual Obligations Cynosure’s significant outstanding contractual obligations relate to its capital leases from its facilities leases, including the buildings portion of its U.S. operating facility, and equipment financings. Cynosure’s leases are non-cancellable and typically contain renewal options. Certain leases contain rent escalation clauses for which Cynosure recognizes the expense on a straight-line basis. Cynosure has summarized in the table below its fixed contractual cash obligations as of June 30, 2015. Total Less Than One to Three to More than (in thousands) Capital lease obligations, including interest $ 31,318 $ 1,251 $ 5,197 $ 5,228 $ 19,642 Operating leases 10,636 1,864 3,647 2,717 2,408 Total contractual obligations $ 41,954 $ 3,115 $ 8,844 $ 7,945 $ 22,050 Contingencies Cynosure continually assesses litigation to determine if an unfavorable outcome would lead to a probable loss or reasonably possible loss, which could be estimated. In accordance with the Financial Accounting Standards Board’s guidance on accounting for contingencies, Cynosure accrues for all direct costs associated with the estimated resolution of contingencies at the earliest date at which it is deemed probable that a liability has been incurred and the amount of such liability can be reasonably estimated. If the estimate of a probable loss is a range and no amount within the range is more likely, Cynosure accrues the minimum amount of the range. In cases where Cynosure believes that a reasonably possible loss exists, Cynosure discloses the facts and circumstances of the litigation, including an estimable range, if possible. In management’s opinion, Cynosure is not currently involved in any legal proceedings, which, individually or in the aggregate, could have a material effect on Cynosure’s financial statements. Cynosure believes that contingent losses associated with any current litigation were remote as of June 30, 2015 and at the time of the filing of this Quarterly Report on Form 10-Q, and as such, Cynosure has not recorded or disclosed any material loss contingencies.

Recent Accounting Pronouncement

Recent Accounting Pronouncements	6 Months Ended
	Jun. 30, 2015
Accounting Changes and Error Corrections [Abstract]
Recent Accounting Pronouncements	Note 14 — Recent Accounting Pronouncements In May 2014, the Financial Accounting Standards Board issued guidance codified in ASC 606, Revenue Recognition — Revenue from Contracts with Customers Revenue Recognition

Recent Accounting Pronounceme21

Recent Accounting Pronouncements (Policies)	6 Months Ended
	Jun. 30, 2015
Accounting Changes and Error Corrections [Abstract]
Recent Accounting Pronouncements	Recent Accounting Pronouncements In May 2014, the Financial Accounting Standards Board issued guidance codified in ASC 606, Revenue Recognition — Revenue from Contracts with Customers Revenue Recognition

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	6 Months Ended
	Jun. 30, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Summary of Stock-Based Compensation Expenses	Total stock-based compensation expense was recorded to cost of revenues and operating expenses based upon the functional responsibilities of the individual holding the respective share-based payments, as follows: Three Months June 30, Six Months Ended June 30, 2015 2014 2015 2014 (In thousands) Cost of revenues $ 80 $ 75 $ 148 $ 140 Sales and marketing 495 519 970 962 Research and development 292 259 549 487 General and administrative 1,047 1,025 2,067 1,755 Total stock-based compensation expense $ 1,914 $ 1,878 $ 3,734 $ 3,344
Summary of Share-Based compensation Arrangement Fair Value Assumptions	The weighted average fair value of the options granted during the six months ended June 30, 2015 and 2014 was $11.90 and $10.99, respectively, using the following assumptions: Six Months Ended June 30, 2015 2014 Risk-free interest rate 1.39% - 1.55% 1.56% - 1.80% Expected dividend yield — — Expected term 4.8 years 4.6 years Expected volatility 42% - 43% 43% Estimated forfeiture rate 5% 5%

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Jun. 30, 2015
Inventory Disclosure [Abstract]
Inventories	Inventory includes material, labor and overhead and consists of the following: June 30, December 31, (in thousands) Raw materials $ 19,739 $ 16,875 Work in process 3,336 3,526 Finished goods 50,277 38,917 $ 73,352 $ 59,318

Fair Value (Tables)

Fair Value (Tables)	6 Months Ended
	Jun. 30, 2015
Fair Value Disclosures [Abstract]
Measurement of Fair Value Hierarchy for Financial Assets	The following table represents Cynosure’s fair value hierarchy for its financial assets (cash equivalents and marketable securities) measured at fair value as of June 30, 2015 (in thousands): Level 1 Level 2 Level 3 Total Money market funds(1) $ 7,953 $ — $ — $ 7,953 State and municipal bonds — 49,120 — 49,120 Treasuries and government agencies — 3,002 — 3,002 Equity securities 10 — — 10 Total $ 7,963 $ 52,122 $ — $ 60,085 The following table represents Cynosure’s fair value hierarchy for its financial assets (cash equivalents and marketable securities) measured at fair value as of December 31, 2014 (in thousands): Level 1 Level 2 Level 3 Total Money market funds(1) $ 1,753 $ — $ — $ 1,753 State and municipal bonds — 47,744 — 47,744 Treasuries and government agencies — 8,486 — 8,486 Corporate obligations and commercial paper — 2,001 — 2,001 Equity securities 13 — — 13 Total $ 1,766 $ 58,231 $ — $ 59,997 (1) Included in cash and cash equivalents at June 30, 2015 and December 31, 2014.

Short and Long-Term Marketabl25

Short and Long-Term Marketable Securities (Tables)	6 Months Ended
	Jun. 30, 2015
Investments, Debt and Equity Securities [Abstract]
Schedule of Marketable Securities	As of June 30, 2015, Cynosure’s marketable securities consist of the following (in thousands): Market Amortized Unrealized Unrealized Available-for-Sale Securities: Short-term marketable securities: State and municipal bonds $ 28,717 $ 28,714 $ 5 $ (2 ) Treasuries and government agencies 1,000 1,000 — — Equity securities 10 10 — — Total short-term marketable securities $ 29,727 $ 29,724 $ 5 $ (2 ) Long-term marketable securities: State and municipal bonds $ 20,403 $ 20,417 $ 2 $ (16 ) Treasuries and government agencies 2,002 2,000 2 — Total long-term marketable securities $ 22,405 $ 22,417 $ 4 $ (16 ) Total available-for-sale securities $ 52,132 $ 52,141 $ 9 $ (18 ) Total marketable securities $ 52,132 As of December 31, 2014, Cynosure’s marketable securities consist of the following (in thousands): Market Amortized Unrealized Unrealized Available-for-Sale Securities: Short-term marketable securities: State and municipal bonds $ 26,041 $ 26,033 $ 8 $ — Treasuries and government agencies 4,000 4,000 — — Corporate obligations and commercial paper 2,001 2,001 — — Equity securities 13 18 — (5 ) Total short-term marketable securities $ 32,055 $ 32,052 $ 8 $ (5 ) Long-term marketable securities: State and municipal bonds $ 21,703 $ 21,721 $ 2 $ (20 ) Treasuries and government agencies 4,486 4,500 — (14 ) Total long-term marketable securities $ 26,189 $ 26,221 $ 2 $ (34 ) Total available-for-sale securities $ 58,244 $ 58,273 $ 10 $ (39 ) Total marketable securities $ 58,244
Schedule of Available-for-Sale Debt Securities Mature	As of June 30, 2015, Cynosure’s available-for-sale debt securities mature as follows (in thousands): Total Maturities Less One to More State and municipal bonds $ 49,120 $ 28,717 $ 20,403 $ — Treasuries and government agencies 3,002 1,000 2,002 — Total available-for-sale debt securities $ 52,122 $ 29,717 $ 22,405 $ —

Acquisition (Tables)

Acquisition (Tables)	6 Months Ended
	Jun. 30, 2015
Business Combinations [Abstract]
Estimated Fair Value of Net Assets Acquired	The following table summarizes the estimated fair value as of September 5, 2014 of the net assets acquired (in thousands): Purchase price: Cash paid $ 13,235 Total $ 13,235 Assets (liabilities) acquired: Accounts receivable 2,144 Inventory 3,542 Prepaid and other assets 488 Fixed assets 612 Intangible assets 6,800 Goodwill 6,741 Accounts payable (9 ) Accrued expenses (2,469 ) Deferred revenue (454 ) License transfer agreement (4,160 ) Total $ 13,235

Goodwill and Other Intangible27

Goodwill and Other Intangible Assets (Tables)	6 Months Ended
	Jun. 30, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Changes to Goodwill	Changes to goodwill during the six months ended June 30, 2015 were as follows (in thousands): Balance – December 31, 2014 $ 105,764 Ellman acquisition 143 Translation adjustment (47 ) Balance – June 30, 2015 $ 105,860
Schedule of Components of Other Intangible Assets	Other intangible assets consisted of the following at June 30, 2015 and December 31, 2014 (in thousands): Developed Business Customer Trade Other Total June 30, 2015 Cost $ 29,240 $ 384 $ 19,718 $ 18,390 $ 1,353 $ 69,085 Translation adjustment — — (42 ) — — (42 ) Accumulated amortization (10,947 ) (225 ) (6,797 ) (2,062 ) (41 ) (20,072 ) Balance, June 30, 2015 $ 18,293 $ 159 $ 12,879 $ 16,328 $ 1,312 $ 48,971 December 31, 2014 Cost $ 29,240 $ 384 $ 19,718 $ 18,390 $ 1,338 $ 69,070 Translation adjustment — 34 2 — 2 38 Accumulated amortization (7,840 ) (252 ) (5,818 ) (1,607 ) (8 ) (15,525 ) Balance, December 31, 2014 $ 21,400 $ 166 $ 13,902 $ 16,783 $ 1,332 $ 53,583
Schedule of Amortization Expenses on Intangible Assets	As of June 30, 2015, amortization expense on existing intangible assets for the next five years and beyond is as follows (in thousands): Remainder of 2015 $ 4,608 2016 8,430 2017 6,441 2018 4,925 2019 3,189 2020 and thereafter 20,402 Total $ 47,995

Warranty Costs (Tables)

Warranty Costs (Tables)	6 Months Ended
	Jun. 30, 2015
Guarantees [Abstract]
Schedule of Activity in Accrued Warranty Account	The following table sets forth activity in the accrued warranty account, which is a component of accrued expenses in the consolidated balance sheets (in thousands): Balance – December 31, 2014 $ 8,118 Warranty provision related to new sales 6,439 Costs incurred (6,589 ) Balance – June 30, 2015 $ 7,968

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Jun. 30, 2015
Segment Reporting [Abstract]
Schedule of Total Revenues by Geographic Area	The following table represents total revenues by geographic area: Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 (in thousands) United States $ 48,196 $ 32,722 $ 89,647 $ 60,670 Europe 10,445 13,490 21,102 25,623 Asia / Pacific 18,143 17,199 34,958 32,726 Other 6,910 9,162 12,899 15,558 Total $ 83,694 $ 72,573 $ 158,606 $ 134,577
Schedule of Total Assets by Geographic Area	Total assets by geographic area are as follows: June 30, 2015 December 31, 2014 (in thousands) United States $ 451,937 $ 420,513 Europe 22,657 23,235 Asia / Pacific 20,440 19,182 Eliminations (5,464 ) (5,206 ) Total $ 489,570 $ 457,724
Schedule of Long-Lived Assets by Geographic Area	Long-lived assets (property and equipment only) by geographic area are as follows: June 30, 2015 December 31, 2014 (in thousands) United States $ 31,331 $ 30,912 Europe 1,468 1,656 Asia / Pacific 2,549 1,688 Total $ 35,348 $ 34,256

Net Income Per Common Share (Ta

Net Income Per Common Share (Tables)	6 Months Ended
	Jun. 30, 2015
Earnings Per Share [Abstract]
Schedule of Reconciliation of Basic and Diluted Shares	A reconciliation of basic and diluted shares is as follows (in thousands, except per share data): Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 Net income $ 5,358 $ 4,575 $ 5,350 $ 5,264 Basic weighted average common shares outstanding 22,246 22,088 21,957 22,033 Weighted average common equivalent shares 369 285 412 437 Diluted weighted average common shares outstanding 22,615 22,373 22,369 22,470 Basic net income per share $ 0.24 $ 0.21 $ 0.24 $ 0.24 Diluted net income per share $ 0.24 $ 0.20 $ 0.24 $ 0.23

Accumulated Other Comprehensi31

Accumulated Other Comprehensive Loss (Tables)	6 Months Ended
	Jun. 30, 2015
Equity [Abstract]
Changes to Accumulated Other Comprehensive Loss	Changes to accumulated other comprehensive loss during the six months ended June 30, 2015 were as follows (in thousands): Unrealized of taxes Translation Adjustment Accumulated Other Comprehensive Loss Balance — December 31, 2014 $ (10 ) $ (3,853 ) $ (3,863 ) Current period other comprehensive income (loss) 6 (1,089 ) (1,083 ) Balance — June 30, 2015 $ (4 ) $ (4,942 ) $ (4,946 )

Commitments and Contingencies (

Commitments and Contingencies (Tables)	6 Months Ended
	Jun. 30, 2015
Commitments and Contingencies Disclosure [Abstract]
Operating Facility, Certain Equipment and Vehicles Under Operating Lease and Capital Lease Agreements with Payments	Cynosure leases the buildings portion of its U.S. operating facility and certain equipment and vehicles under capital lease agreements with payments due through May 2027. Commitments under Cynosure’s lease arrangements are as follows as of June 30, 2015 (in thousands): Operating Leases Capital Leases Remainder of 2015 $ 945 $ 86 2016 1,839 2,328 2017 1,833 2,719 2018 1,790 2,626 2019 1,387 2,611 2020 and thereafter 2,842 20,948 Total minimum lease payments $ 10,636 $ 31,318 Less amount representing interest (14,231 ) Present value of obligations under capital leases $ 17,087 Current portion of capital lease obligations 324 Capital lease obligations, net of current portion $ 16,763
Summary of Fixed Contractual Cash Obligations	Cynosure has summarized in the table below its fixed contractual cash obligations as of June 30, 2015. Total Less Than One to Three to More than (in thousands) Capital lease obligations, including interest $ 31,318 $ 1,251 $ 5,197 $ 5,228 $ 19,642 Operating leases 10,636 1,864 3,647 2,717 2,408 Total contractual obligations $ 41,954 $ 3,115 $ 8,844 $ 7,945 $ 22,050

Stock-Based Compensation - Addi

Stock-Based Compensation - Additional Information (Detail) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense	$ 1,914,000	$ 1,878,000	$ 3,734,000	$ 3,344,000
Stock-based compensation expense capitalized to inventory			25,000	25,000
Cash received from option exercises			$ 17,300,000	$ 7,500,000
Stock options granted			346,029	719,230
Weighted average fair value of the options granted			$ 11.90	$ 10.99
Cash dividend yield			0.00%
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted restricted stock units to employees			86,618	44,840
Vested period			3 years
Share based compensation period			3 years
Restricted Stock Units (RSUs) [Member] | Non Employee Directors [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted restricted stock units to employees			16,685	43,500
Vested period			1 year
Share based compensation period			1 year

Stock-Based Compensation - Summ

Stock-Based Compensation - Summary of Stock-Based Compensation Expenses (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Total stock-based compensation expense	$ 1,914	$ 1,878	$ 3,734	$ 3,344
Cost of Revenues [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Total stock-based compensation expense	80	75	148	140
Sales and Marketing [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Total stock-based compensation expense	495	519	970	962
Research and Development [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Total stock-based compensation expense	292	259	549	487
General and Administrative [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Total stock-based compensation expense	$ 1,047	$ 1,025	$ 2,067	$ 1,755

Stock-Based Compensation - Su35

Stock-Based Compensation - Summary of Share-Based Compensation Arrangement Fair Value Assumptions (Detail)	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Risk-free interest rate Minimum	1.39%	1.56%
Risk-free interest rate Maximum	1.55%	1.80%
Expected dividend yield	0.00%	0.00%
Expected term	4 years 9 months 18 days	4 years 7 months 6 days
Expected volatility Minimum	42.00%
Expected volatility Maximum	43.00%
Expected volatility		43.00%
Estimated forfeiture rate	5.00%	5.00%

Inventories - Inventories (Deta

Inventories - Inventories (Detail) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Inventory Disclosure [Abstract]
Raw materials	$ 19,739	$ 16,875
Work in process	3,336	3,526
Finished goods	50,277	38,917
Inventories, Total	$ 73,352	$ 59,318

Fair Value - Measurement of Fai

Fair Value - Measurement of Fair Value Hierarchy for Financial Assets (Detail) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of financial assets	$ 60,085	$ 59,997
Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of financial assets	7,963	1,766
Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of financial assets	52,122	58,231
Money Market Funds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of financial assets	7,953	1,753
Money Market Funds [Member] | Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of financial assets	7,953	1,753
State and Municipal Bonds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of financial assets	49,120	47,744
State and Municipal Bonds [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of financial assets	49,120	47,744
Treasuries and Government Agencies [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of financial assets	3,002	8,486
Treasuries and Government Agencies [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of financial assets	3,002	8,486
Corporate Obligations and Commercial Paper [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of financial assets		2,001
Corporate Obligations and Commercial Paper [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of financial assets		2,001
Equity Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of financial assets	10	13
Equity Securities [Member] | Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of financial assets	$ 10	$ 13

Short and Long-Term Marketabl38

Short and Long-Term Marketable Securities - Additional Information (Detail)	Jun. 30, 2015USD ($)
Investments, Debt and Equity Securities [Abstract]
Available for sale securities in debt	$ 52,122,000
Available for sale securities in equity	$ 10,000

Short and Long-Term Marketabl39

Short and Long-Term Marketable Securities - Schedule of Marketable Securities (Detail) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Schedule of Available-for-sale Securities [Line Items]
Market Value	$ 52,132	$ 58,244
Amortized Cost	52,141	58,273
Unrealized Gains	9	10
Unrealized Losses	(18)	(39)
Total marketable securities	52,132	58,244
Short-Term Marketable Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Market Value	29,727	32,055
Amortized Cost	29,724	32,052
Unrealized Gains	5	8
Unrealized Losses	(2)	(5)
Short-Term Marketable Securities [Member] | Corporate Obligations and Commercial Paper [Member]
Schedule of Available-for-sale Securities [Line Items]
Market Value		2,001
Amortized Cost		2,001
Short-Term Marketable Securities [Member] | State and Municipal Bonds [Member]
Schedule of Available-for-sale Securities [Line Items]
Market Value	28,717	26,041
Amortized Cost	28,714	26,033
Unrealized Gains	5	8
Unrealized Losses	(2)
Short-Term Marketable Securities [Member] | Treasuries and Government Agencies [Member]
Schedule of Available-for-sale Securities [Line Items]
Market Value	1,000	4,000
Amortized Cost	1,000	4,000
Short-Term Marketable Securities [Member] | Equity Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Market Value	10	13
Amortized Cost	10	18
Unrealized Losses		(5)
Long-Term Marketable Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Market Value	22,405	26,189
Amortized Cost	22,417	26,221
Unrealized Gains	4	2
Unrealized Losses	(16)	(34)
Long-Term Marketable Securities [Member] | State and Municipal Bonds [Member]
Schedule of Available-for-sale Securities [Line Items]
Market Value	20,403	21,703
Amortized Cost	20,417	21,721
Unrealized Gains	2	2
Unrealized Losses	(16)	(20)
Long-Term Marketable Securities [Member] | Treasuries and Government Agencies [Member]
Schedule of Available-for-sale Securities [Line Items]
Market Value	2,002	4,486
Amortized Cost	2,000	4,500
Unrealized Gains	$ 2
Unrealized Losses		$ (14)

Short and Long-Term Marketabl40

Short and Long-Term Marketable Securities - Schedule of Available-for-Sale Debt Securities Mature (Detail) $ in Thousands	Jun. 30, 2015USD ($)
Schedule of Available-for-sale Securities [Line Items]
Total	$ 52,122
Less Than One Year	29,717
One to Five Years	22,405
More than Five Years	0
State and Municipal Bonds [Member]
Schedule of Available-for-sale Securities [Line Items]
Total	49,120
Less Than One Year	28,717
One to Five Years	20,403
More than Five Years	0
Treasuries and Government Agencies [Member]
Schedule of Available-for-sale Securities [Line Items]
Total	3,002
Less Than One Year	1,000
One to Five Years	2,002
More than Five Years	$ 0

Acquisition - Additional Inform

Acquisition - Additional Information (Detail) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2015	Dec. 31, 2014	Sep. 05, 2014
Business Acquisition [Line Items]
Goodwill	$ 105,860	$ 105,764
Ellman International, Inc. (Ellman) [Member]
Business Acquisition [Line Items]
Cash consideration			$ 13,200
Business acquisition effective date of acquisition	Sep. 5, 2014
License transfer agreement purchase price			4,200
Goodwill	$ 6,700	$ 6,600	$ 6,741

Acquisition - Estimated Fair Va

Acquisition - Estimated Fair Value of Net Assets Acquired (Detail) - USD ($) $ in Thousands	Sep. 05, 2014	Jun. 30, 2015	Dec. 31, 2014
Assets (liabilities) acquired:
Goodwill		$ 105,860	$ 105,764
Ellman International, Inc. (Ellman) [Member]
Business Acquisition [Line Items]
Cash paid	$ 13,235
Total	13,235
Assets (liabilities) acquired:
Accounts receivable	2,144
Inventory	3,542
Prepaid and other assets	488
Fixed assets	612
Intangible assets	6,800
Goodwill	6,741	$ 6,700	$ 6,600
Accounts payable	(9)
Accrued expenses	(2,469)
Deferred revenue	(454)
License transfer agreement	(4,160)
Total	$ 13,235

Goodwill and Other Intangible43

Goodwill and Other Intangible Assets - Schedule of Changes to Goodwill (Detail) $ in Thousands	6 Months Ended
	Jun. 30, 2015USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
Balance - December 31, 2014	$ 105,764
Ellman acquisition	143
Translation adjustment	(47)
Balance - June 30, 2015	$ 105,860

Goodwill and Other Intangible44

Goodwill and Other Intangible Assets - Schedule of Components of Other Intangible Assets (Detail) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Finite-Lived Intangible Assets [Line Items]
Cost	$ 69,085	$ 69,070
Translation adjustment	(42)	38
Accumulated amortization	(20,072)	(15,525)
Other intangible assets, net	48,971	53,583
Developed Technology & Patents [Member]
Finite-Lived Intangible Assets [Line Items]
Cost	29,240	29,240
Accumulated amortization	(10,947)	(7,840)
Other intangible assets, net	18,293	21,400
Business Licenses [Member]
Finite-Lived Intangible Assets [Line Items]
Cost	384	384
Translation adjustment		34
Accumulated amortization	(225)	(252)
Other intangible assets, net	159	166
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Cost	19,718	19,718
Translation adjustment	(42)	2
Accumulated amortization	(6,797)	(5,818)
Other intangible assets, net	12,879	13,902
Trade Names [Member]
Finite-Lived Intangible Assets [Line Items]
Cost	18,390	18,390
Accumulated amortization	(2,062)	(1,607)
Other intangible assets, net	16,328	16,783
Other [Member]
Finite-Lived Intangible Assets [Line Items]
Cost	1,353	1,338
Translation adjustment		2
Accumulated amortization	(41)	(8)
Other intangible assets, net	$ 1,312	$ 1,332

Goodwill and Other Intangible45

Goodwill and Other Intangible Assets - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expense	$ 2.3	$ 2.1	$ 4.5	$ 4.2
Indefinite-life intangible assets	$ 1		$ 1

Goodwill and Other Intangible46

Goodwill and Other Intangible Assets - Schedule of Amortization Expenses on Intangible Assets (Detail) $ in Thousands	Jun. 30, 2015USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
Remainder of 2015	$ 4,608
2,016	8,430
2,017	6,441
2,018	4,925
2,019	3,189
2020 and thereafter	20,402
Total	$ 47,995

Warranty Costs - Additional Inf

Warranty Costs - Additional Information (Detail)	6 Months Ended
	Jun. 30, 2015
Guarantees [Abstract]
Warranty on end-user sales	1 year

Warranty Costs - Schedule of Ac

Warranty Costs - Schedule of Activity in Accrued Warranty Account (Detail) $ in Thousands	6 Months Ended
	Jun. 30, 2015USD ($)
Guarantees [Abstract]
Balance, beginning of period	$ 8,118
Warranty provision related to new sales	6,439
Costs incurred	(6,589)
Balance, end of period	$ 7,968

Segment Information - Additiona

Segment Information - Additional Information (Detail) - 6 months ended Jun. 30, 2015	SegmentCountry
Segment Reporting [Abstract]
Number of operating segments | Segment	1
Number of individual countries with greater than 10% of total revenue, total assets or long lived assets	0
Percentage of total revenue	10.00%

Segment Information - Schedule

Segment Information - Schedule of Total Revenues by Geographic Area (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenues	$ 83,694	$ 72,573	$ 158,606	$ 134,577
United States [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenues	48,196	32,722	89,647	60,670
Europe [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenues	10,445	13,490	21,102	25,623
Asia Pacific [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenues	18,143	17,199	34,958	32,726
Other [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenues	$ 6,910	$ 9,162	$ 12,899	$ 15,558

Segment Information - Schedul51

Segment Information - Schedule of Total Assets by Geographic Area (Detail) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Revenues from External Customers and Long-Lived Assets [Line Items]
Total assets	$ 489,570	$ 457,724
Reportable Geographical Components [Member] | United States [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total assets	451,937	420,513
Reportable Geographical Components [Member] | Europe [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total assets	22,657	23,235
Reportable Geographical Components [Member] | Asia Pacific [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total assets	20,440	19,182
Eliminations [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total assets	$ (5,464)	$ (5,206)

Segment Information - Schedul52

Segment Information - Schedule of Long-Lived Assets by Geographic Area (Detail) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets,Property Plant and Equipment	$ 35,348	$ 34,256
United States [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets,Property Plant and Equipment	31,331	30,912
Europe [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets,Property Plant and Equipment	1,468	1,656
Asia Pacific [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets,Property Plant and Equipment	$ 2,549	$ 1,688

Net Income Per Common Share - S

Net Income Per Common Share - Schedule of Reconciliation of Basic and Diluted Shares (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Earnings Per Share [Abstract]
Net income	$ 5,358	$ 4,575	$ 5,350	$ 5,264
Basic weighted average common shares outstanding	22,246	22,088	21,957	22,033
Weighted average common equivalent shares	369	285	412	437
Diluted weighted average common shares outstanding	22,615	22,373	22,369	22,470
Basic net income per share	$ 0.24	$ 0.21	$ 0.24	$ 0.24
Diluted net income per share	$ 0.24	$ 0.20	$ 0.24	$ 0.23

Net Income Per Common Share - A

Net Income Per Common Share - Additional Information (Detail) - shares shares in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Stock Options and Restricted Stock Units [Member]
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Outstanding options and restricted stock units to purchase common shares	0.9	1.5	1	1.3

Accumulated Other Comprehensi55

Accumulated Other Comprehensive Loss - Changes to Accumulated Other Comprehensive Loss (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Unrealized Loss on Marketable Securities, net of taxes, Beginning Balance			$ (10)
Unrealized Loss on Marketable Securities, net of taxes, Current period other comprehensive income (loss)	$ (7)	$ 2	6	$ (4)
Unrealized Loss on Marketable Securities, net of taxes, Ending Balance	(4)		(4)
Translation Adjustment, Beginning Balance			(3,853)
Translation Adjustment, Current period other comprehensive income (loss)	290	229	(1,089)	180
Translation Adjustment, Ending Balance	(4,942)		(4,942)
Accumulated Other Comprehensive Loss, Beginning Balance			(3,863)
Accumulated Other Comprehensive Loss, Current period other comprehensive income (loss)	283	$ 231	(1,083)	$ 176
Accumulated Other Comprehensive Loss, Ending Balance	$ (4,946)		$ (4,946)

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Deferred Tax Assets And Liabilities Classification [Line Items]
(Benefit) provision for income taxes	$ 2,337	$ 1,693	$ 2,333	$ 2,067
Effective tax rate	30.00%	27.00%	30.00%	28.00%
Unrecognized tax benefits	$ 800		$ 800		$ 800
Palomar Medical Technologies, Inc. [Member]
Deferred Tax Assets And Liabilities Classification [Line Items]
Discrete tax benefit			$ 500
Cynosure Spain S. L [Member]
Deferred Tax Assets And Liabilities Classification [Line Items]
Discrete tax benefit		$ 300		$ 300

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Commitments and Contingencies Disclosure [Abstract]
Operating lease rent expense	$ 0.5	$ 1	$ 1	$ 1.9
Operating lease expiration period			2027-05

Commitments and Contingencies58

Commitments and Contingencies - Operating Facility, Certain Equipment and Vehicles Under Operating Lease and Capital Lease Agreements with Payments (Detail) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Commitments and Contingencies Disclosure [Abstract]
Remainder of 2015	$ 945
2,016	1,839
2,017	1,833
2,018	1,790
2,019	1,387
2020 and Thereafter	2,842
Total minimum lease payments	10,636
Remainder of 2015	86
2,016	2,328
2,017	2,719
2,018	2,626
2,019	2,611
2020 and thereafter	20,948
Total minimum lease payments	31,318
Less amount representing interest	(14,231)
Present value of obligations under capital leases	17,087
Current portion of capital lease obligations	324	$ 137
Capital lease obligations, net of current portion	$ 16,763	$ 16,088

Commitments and Contingencies59

Commitments and Contingencies - Summary of Fixed Contractual Cash Obligations (Detail) $ in Thousands	Jun. 30, 2015USD ($)
Contractual Obligation [Line Items]
Capital lease obligations, including interest	$ 31,318
Operating leases	10,636
Total contractual obligations	41,954
Less Than One Year [Member]
Contractual Obligation [Line Items]
Capital lease obligations, including interest	1,251
Operating leases	1,864
Total contractual obligations	3,115
One To Three Years [Member]
Contractual Obligation [Line Items]
Capital lease obligations, including interest	5,197
Operating leases	3,647
Total contractual obligations	8,844
Three To Five Years [Member]
Contractual Obligation [Line Items]
Capital lease obligations, including interest	5,228
Operating leases	2,717
Total contractual obligations	7,945
More Than Five Years [Member]
Contractual Obligation [Line Items]
Capital lease obligations, including interest	19,642
Operating leases	2,408
Total contractual obligations	$ 22,050