Document_And_Entity_Informatio
Document And Entity Information | 3 Months Ended | |
Mar. 31, 2014 | Apr. 23, 2014 | |
Document And Entity Information [Abstract] | ' | ' |
Document Type | '10-Q | ' |
Amendment Flag | 'false | ' |
Document Period End Date | 31-Mar-14 | ' |
Document Fiscal Year Focus | '2014 | ' |
Document Fiscal Period Focus | 'Q1 | ' |
Entity Registrant Name | '3D SYSTEMS CORP | ' |
Entity Central Index Key | '0000910638 | ' |
Current Fiscal Year End Date | '--12-31 | ' |
Entity Filer Category | 'Large Accelerated Filer | ' |
Entity Common Stock, Shares Outstanding | ' | 103,509,956 |
Condensed_Consolidated_Balance
Condensed Consolidated Balance Sheets (USD $) | Mar. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Current assets: | ' | ' |
Cash and cash equivalents | $306,704 | $306,316 |
Accounts receivable, net of allowance for doubtful accounts of $9,639 (2014) and $8,133 (2013) | 141,990 | 132,121 |
Inventories, net | 86,030 | 75,148 |
Prepaid expenses and other current assets | 14,554 | 7,203 |
Current deferred income asset | 6,976 | 6,067 |
Total current assets | 556,254 | 526,855 |
Property and equipment, net | 48,982 | 45,208 |
Intangible assets, net | 150,946 | 141,709 |
Goodwill | 359,918 | 370,066 |
Long term deferred income asset | 649 | 548 |
Other assets, net | 13,308 | 13,470 |
Total assets | 1,130,057 | 1,097,856 |
Current liabilities: | ' | ' |
Current portion of capitalized lease obligations | 190 | 187 |
Accounts payable | 56,414 | 51,729 |
Accrued and other liabilities | 35,356 | 28,430 |
Customer deposits | 6,238 | 5,466 |
Deferred revenue | 24,266 | 24,644 |
Total current liabilities | 122,464 | 110,456 |
Long-term portion of capitalized lease obligations | 7,230 | 7,277 |
Convertible senior notes, net | 11,500 | 11,416 |
Long-term portion deferred income tax liability | 14,407 | 19,714 |
Other liabilities | 20,679 | 15,201 |
Total liabilities | 176,280 | 164,064 |
Commitments and Contingencies | ' | ' |
Stockholders’ equity: | ' | ' |
Common stock, $0.001 par value, authorized 220,000 shares; issued 104,348 (2014) and 103,818 (2013) | 104 | 104 |
Additional paid-in capital | 881,775 | 866,552 |
Treasury stock, at cost: 618 shares (2014) and 600 shares (2013) | -301 | -286 |
Accumulated earnings | 65,364 | 60,487 |
Accumulated other comprehensive income | 5,795 | 5,789 |
Total 3D Systems Corporation stockholders' equity | 952,737 | 932,646 |
Noncontrolling interest | 1,040 | 1,146 |
Total stockholders' equity | 953,777 | 933,792 |
Total liabilities and stockholders' equity | $1,130,057 | $1,097,856 |
Condensed_Consolidated_Balance1
Condensed Consolidated Balance Sheets (Parenthetical) (USD $) | Mar. 31, 2014 | Dec. 31, 2013 |
In Thousands, except Share data, unless otherwise specified | ||
Consolidated Balance Sheets [Abstract] | ' | ' |
Accounts receivable, allowance for doubtful accounts | $9,639 | $8,133 |
Common stock, par value | $0.00 | $0.00 |
Common stock, shares authorized | 220,000,000 | 220,000,000 |
Common stock, shares issued | 104,348,000 | 103,818,000 |
Treasury stock, shares | 618,000 | 600,000 |
Condensed_Consolidated_Stateme
Condensed Consolidated Statements Of Operations And Comprehensive Income (USD $) | 3 Months Ended | |
In Thousands, except Per Share data, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 |
Revenue: | ' | ' |
Products | $101,194 | $68,452 |
Services | 46,564 | 33,627 |
Total revenue | 147,758 | 102,079 |
Cost of sales: | ' | ' |
Products | 46,816 | 29,745 |
Services | 25,470 | 18,857 |
Total cost of sales | 72,286 | 48,602 |
Gross profit | 75,472 | 53,477 |
Operating expenses: | ' | ' |
Selling, general and administrative | 48,720 | 29,454 |
Research and development | 17,235 | 6,504 |
Total operating expenses | 65,955 | 35,958 |
Income from operations | 9,517 | 17,519 |
Interest and other expense, net | 1,048 | 10,067 |
Income before income taxes | 8,469 | 7,452 |
Provision for income taxes | 3,559 | 1,569 |
Net income | 4,910 | 5,883 |
Net (income) attributable to noncontrolling interest | -33 | ' |
Net income attributable to 3D Systems Corporation | 4,877 | 5,883 |
Other comprehensive income | ' | ' |
Pension adjustments, net of taxes: $6 (2014), $0 (2013) | 19 | 29 |
Foreign currency translation gain (loss) attributable to 3D Systems Coporation | -13 | -3,261 |
Total other comprehensive income (loss) | 6 | -3,232 |
Comprehensive income | 4,883 | 2,651 |
Foreign currency translation gain attributable to nonontrolling interest | -26 | ' |
Comprehensive income attributable to 3D Systems Corporation | $4,857 | $2,651 |
Net income per share available to 3D Systems common stockholders – basic and diluted | $0.05 | $0.06 |
Condensed_Consolidated_Stateme1
Condensed Consolidated Statements Of Operations And Comprehensive Income (Parenthetical) (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 |
Consolidated Statements Of Operations And Comprehensive Income [Abstract] | ' | ' |
Pension adjustment, tax | $6 | $0 |
Consolidated_Statements_Of_Cas
Consolidated Statements Of Cash Flows (USD $) | 3 Months Ended | |||
In Thousands, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 | ||
Cash flows from operating activities: | ' | ' | ||
Net income | $4,910 | $5,883 | ||
Adjustments to reconcile net income to net cash provided by operating activities: | ' | ' | ||
Benefit of deferred income taxes | -7,610 | -3,543 | ||
Depreciation and amortization | 12,486 | 5,992 | ||
Non-cash interest on convertible notes | 95 | 467 | ||
Provision for bad debts | 1,341 | 601 | ||
Stock-based compensation | 7,276 | 2,221 | ||
Gain on the disposition of property and equipment | 286 | 63 | ||
Loss on conversion of convertible debt | ' | 5,715 | ||
Changes in operating accounts: | ' | ' | ||
Accounts receivable | -11,402 | -8,785 | ||
Inventories | -13,034 | -3,320 | ||
Prepaid expenses and other current assets | -7,375 | -440 | ||
Accounts payable | 4,267 | -755 | ||
Accrued and other liabilities | 8,273 | 1,119 | ||
Customer deposits | 976 | 1,284 | ||
Deferred revenue | -396 | 1,798 | ||
Other operating assets and liabilities | 215 | -1,853 | ||
Net cash provided by operating activities | 308 | 6,447 | ||
Cash flows from investing activities: | ' | ' | ||
Purchases of property and equipment | -3,551 | -2,295 | ||
Additions to license and patent costs | -210 | -177 | ||
Proceeds from disposition of property and equipment | ' | 4 | ||
Cash paid for acquisitions, net of cash assumed | -2,000 | -52,949 | ||
Other investing activities | -100 | ' | ||
Net cash used in investing activities | -5,861 | -55,417 | ||
Cash flows from financing activities: | ' | ' | ||
Tax benefits from share-based payment arrangements | 5,448 | 4,299 | ||
Proceeds from exercise of stock options and restricted stock, net | 484 | 302 | ||
Cash disbursed in lieu of fractional shares related to stock split | ' | -177 | ||
Repayment of capital lease obligations | -44 | -38 | ||
Net cash provided by financing activities | 5,888 | 4,386 | ||
Effect of exchange rate changes on cash | 53 | -732 | ||
Net increase in cash and cash equivalents | 388 | -45,316 | ||
Cash and cash equivalents at the beginning of the period | 306,316 | 155,859 | ||
Cash and cash equivalents at the end of the period | 306,704 | 110,543 | ||
Supplemental Cash Flow Information: | ' | ' | ||
Interest payments | 132 | 133 | ||
Income tax payments | 2,407 | 739 | ||
Transfer of equipment from inventory to property and equipment, net | 2,300 | [1] | 915 | [1] |
Transfer of equipment to inventory from property and equipment, net | 16 | [2] | ' | |
Stock issued for acquisitions of businesses | 2,000 | 2,979 | ||
Notes redeemed for shares of common stock | $0 | $42,060 | ||
[1] | Inventory is transferred from inventory to property and equipment at cost when the Company requires additional machines for training or demonstration or for placement into Quickparts’ locations. | |||
[2] | In general, an asset is transferred from property and equipment, net into inventory at its net book value when the Company has identified a potential sale for a used machine. |
Consolidated_Statements_Of_Sto
Consolidated Statements Of Stockholders’ Equity (USD $) | Common Stock [Member] | Additional Paid In Capital [Member] | Treasury Stock [Member] | Accumulated Earnings [Member] | Accumulated Other Comprehensive Income [Member] | Total 3D Ssytems Corporation Stockholders' Equity [Member] | Equity Attributable To Noncontrolling Interest Member] | Total | ||
In Thousands | ||||||||||
Balance, Value at Dec. 31, 2013 | $104 | $866,552 | ($286) | $60,487 | $5,789 | $932,646 | $1,146 | $933,792 | ||
Balance, Shares at Dec. 31, 2013 | 103,818 | ' | 600 | ' | ' | ' | ' | 103,818 | ||
Tax benefit of stock options exercised, Value | ' | 5,448 | ' | ' | ' | 5,448 | ' | 5,448 | ||
Tax benefit of stock options exercised, Shares | ' | ' | ' | ' | ' | ' | ' | ' | ||
Issuance (repurchase) of restricted stock, net, Value | ' | [1] | 499 | -15 | ' | ' | 484 | ' | 484 | |
Issuance (repurchase) of restricted stock, net, Shares | 500 | ' | 18 | ' | ' | ' | ' | ' | ||
Issuance of stock for acquisitions, Value | ' | 2,000 | ' | ' | ' | 2,000 | ' | 2,000 | ||
Issuance of stock for acquisitions, Shares | 30 | ' | ' | ' | ' | ' | ' | ' | ||
Stock-based compensation expense, Value | ' | 7,276 | ' | ' | ' | 7,276 | ' | 7,276 | ||
Net income | ' | ' | ' | 4,877 | ' | 4,877 | 33 | 4,910 | ||
Noncontrolling interest for business combinations | ' | ' | ' | ' | ' | ' | -165 | -165 | ||
Pension adjustment | ' | ' | ' | ' | 19 | 19 | ' | 19 | ||
Foreign currency translation adjustments | ' | ' | ' | ' | -13 | -13 | 26 | 13 | ||
Balance, Value at Mar. 31, 2014 | $104 | $881,775 | ($301) | $65,364 | $5,795 | [2] | $952,737 | $1,040 | $953,777 | |
Balance, Shares at Mar. 31, 2014 | 104,348 | ' | 618 | ' | ' | ' | ' | 104,348 | ||
[1] | Amounts not shown due to rounding | |||||||||
[2] | Accumulated other comprehensive income of $5,795 consists of foreign currency translation gain of $6,679, a $173 gain on the liquidation of a non-US entity and a cumulative unrealized pension loss of $1,057. |
Consolidated_Statements_Of_Sto1
Consolidated Statements Of Stockholders’ Equity (Parenthetical) (USD $) | Mar. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Accumulated other comprehensive income | $5,795 | $5,789 |
Foreign Currency Translation Adjustments [Member] | ' | ' |
Accumulated other comprehensive income | 6,679 | 6,692 |
Liquidation Of Non-US Entity [Member] | ' | ' |
Accumulated other comprehensive income | 173 | 173 |
Defined Benefit Pension Plan [Member] | ' | ' |
Accumulated other comprehensive income | ($1,057) | ($1,076) |
Basis_Of_Presentation
Basis Of Presentation | 3 Months Ended |
Mar. 31, 2014 | |
Basis Of Presentation [Abstract] | ' |
Basis Of Presentation | ' |
(1) Basis of Presentation | |
The accompanying unaudited condensed consolidated financial statements include the accounts of 3D Systems Corporation and its subsidiaries (collectively, the “Company”). All significant intercompany transactions and balances have been eliminated in consolidation. The unaudited condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America (“GAAP”) and the rules and regulations of the Securities and Exchange Commission (“SEC”) applicable to interim reports. Accordingly, they do not include all the information and notes required by GAAP for complete financial statements and should be read in conjunction with the audited financial statements included in the Company’s Annual Report on Form 10-K (“Form 10-K”) for the year ended December 31, 2013. | |
In the opinion of management, the unaudited condensed consolidated financial statements contain all adjustments, consisting of adjustments of a normal recurring nature, necessary to present fairly the financial position, results of operations and cash flows for the periods presented. The results of operations for the quarter ended March 31, 2014 are not necessarily indicative of the results to be expected for the full year. | |
The preparation of financial statements in accordance with GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements. Actual results may differ from those estimates and assumptions. | |
Certain prior period amounts presented in the accompanying footnotes have been reclassified to conform to current year presentation. | |
All amounts presented in the accompanying footnotes are presented in thousands, except for per share information. | |
Recent Accounting Pronouncements | |
No new accounting pronouncements, issued or effective during the first quarter of 2014, have had or are expected to have a significant impact on the Company’s consolidated financial statements. | |
Acquisitions
Acquisitions | 3 Months Ended | ||
Mar. 31, 2014 | |||
Acquisitions [Abstract] | ' | ||
Acquisitions | ' | ||
(2) Acquisitions | |||
The Company completed one acquisition in the first quarter of 2014, which is discussed below. | |||
On February 18, 2014, the Company acquired the assets of Digital Playspace, Inc., an online platform that combines home design, gaming, and community sharing to deliver a 3D create-and-make experience for children, families and adults. The fair value of the consideration paid for this acquisition, net of cash acquired, was $4,000, of which $2,000 was paid in cash and $2,000 was paid in shares of the Company’s stock. These shares were issued in a private transaction exempt from registration under the Securities Act of 1933. The operations of Digital Playspace, Inc. have been integrated into the Company’s consumer operations. The fair value of the consideration paid for this acquisition was allocated to the assets purchased and liabilities assumed, based on their estimated fair values as of the acquisition date, with any excess recorded as goodwill, and is included in the table below, which summarizes first quarter 2014 acquisitions. Factors considered in determination of goodwill include synergies, vertical integration and strategic fit for the Company. | |||
The acquisition completed in the first quarter is not material relative to the Company’s assets or operating results; therefore, no proforma financial information is provided. | |||
The Company’s purchase price allocation for the acquired company is preliminary and subject to revision as more detailed analyses are completed and additional information about fair value of assets and liabilities becomes available. The amounts related to the acquisition are allocated to the assets acquired and the liabilities assumed and are included in the Company’s unaudited condensed consolidated balance sheet at March 31, 2014 as follows: | |||
(in thousands) | 2014 | ||
Other intangible assets, net | 2,680 | ||
Goodwill | 1,320 | ||
Net assets acquired | $ | 4,000 | |
Subsequent Acquisitions | |||
On April 2, 2014, the Company acquired the outstanding shares and voting rights of Medical Modeling Inc. Based in Golden, Colorado, Medical Modeling, Inc. is a provider of personalized surgical treatments and patient specific medical devices, including virtual surgical planning and clinical transfer tools, using 3D modeling. The acquisition is not significant to the Company’s assets or operating results. | |||
On April 16, 2014, the Company entered into a definitive agreement to acquire Robtec, an additive manufacturing service bureau and distributor of 3D printing and scanning products located in Sao Paulo, Brazil. Under the terms of the agreement, the Company will acquire 70% of the shares of Robtec at closing and the remainder of the shares on the fifth anniversary of the closing. | |||
Inventories
Inventories | 3 Months Ended | |||||
Mar. 31, 2014 | ||||||
Inventories [Abstract] | ' | |||||
Inventories | ' | |||||
(3) Inventories | ||||||
Components of inventories, net at March 31, 2014 and December 31, 2013 were as follows: | ||||||
(in thousands) | 2014 | 2013 | ||||
Raw materials | $ | 39,262 | $ | 34,144 | ||
Work in process | 1,613 | 3,050 | ||||
Finished goods and parts | 45,155 | 37,954 | ||||
Inventories, net | $ | 86,030 | $ | 75,148 | ||
Property_And_Equipment
Property And Equipment | 3 Months Ended | |||||||
Mar. 31, 2014 | ||||||||
Property And Equipment [Abstract] | ' | |||||||
Property And Equipment | ' | |||||||
(4) Property and Equipment | ||||||||
Property and equipment at March 31, 2014 and December 31, 2013 were as follows: | ||||||||
(in thousands) | 2014 | 2013 | Useful Life (in years) | |||||
Land | $ | 541 | $ | 541 | N/A | |||
Building | 9,315 | 9,315 | 25 | |||||
Machinery and equipment | 60,359 | 56,962 | 7-Mar | |||||
Capitalized software — ERP | 3,877 | 3,872 | 5 | |||||
Office furniture and equipment | 3,751 | 3,586 | 5 | |||||
Leasehold improvements | 9,688 | 9,395 | Life of lease (a) | |||||
Rental equipment | 609 | — | 5 | |||||
Construction in progress | 6,437 | 4,014 | N/A | |||||
Total property and equipment | 94,577 | 87,685 | ||||||
Less: Accumulated depreciation and amortization | -45,595 | -42,477 | ||||||
Total property and equipment, net | $ | 48,982 | $ | 45,208 | ||||
(a) | Leasehold improvements are amortized on a straight-line basis over the shorter of (i) their estimated useful lives and (ii) the estimated or contractual life of the related lease. | |||||||
Depreciation and amortization expense on property and equipment for the quarters ended March 31, 2014 and 2013 was $3,036 and $2,180, respectively. | ||||||||
Intangible_Assets
Intangible Assets | 3 Months Ended | |||||||||||||||||||||
Mar. 31, 2014 | ||||||||||||||||||||||
Intangible Assets [Abstract] | ' | |||||||||||||||||||||
Intangible Assets | ' | |||||||||||||||||||||
(5) Intangible Assets | ||||||||||||||||||||||
Intangible assets other than goodwill at March 31, 2014 and December 31, 2013 were as follows: | ||||||||||||||||||||||
2014 | 2013 | |||||||||||||||||||||
(in thousands) | Gross | Accumulated Amortization | Net | Gross | Accumulated Amortization | Net | Useful Life (in years) | Weighted Average Useful Life Remaining (in years) | ||||||||||||||
Intangible assets with finite lives: | ||||||||||||||||||||||
Licenses | $ | 5,875 | $ | -5,875 | $ | — | $ | 5,875 | $ | -5,875 | $ | — | ||||||||||
Patent costs | 21,714 | -6,113 | 15,601 | 21,545 | -5,960 | 15,585 | 7-Jun | 3 | ||||||||||||||
Acquired technology | 32,498 | -14,185 | 18,313 | 30,095 | -13,615 | 16,480 | 10-May | 5 | ||||||||||||||
Internally developed software | 17,847 | -13,223 | 4,624 | 18,097 | -12,863 | 5,234 | 5 | <1 | ||||||||||||||
Customer relationships | 99,966 | -24,089 | 75,877 | 95,793 | -18,283 | 77,510 | 13-May | 5 | ||||||||||||||
Non-compete agreements | 20,445 | -7,635 | 12,810 | 16,848 | -6,666 | 10,182 | 11-Mar | 3 | ||||||||||||||
Trade names | 10,627 | -2,834 | 7,793 | 9,302 | -2,211 | 7,091 | 10-Feb | 3 | ||||||||||||||
Other | 18,637 | -4,819 | 13,818 | 11,598 | -4,081 | 7,517 | <1 - 7 | 2 | ||||||||||||||
Intangible assets with indefinite lives: | ||||||||||||||||||||||
Trademarks | 2,110 | — | 2,110 | 2,110 | — | 2,110 | N/A | N/A | ||||||||||||||
Total intangible assets | $ | 229,719 | $ | -78,773 | $ | 150,946 | $ | 211,263 | $ | -69,554 | $ | 141,709 | <1 - 13 | 4 | ||||||||
For the quarters ended March 31, 2014 and 2013, the Company capitalized $210 and $177, respectively, of costs incurred to acquire, develop and extend patents in the United States and various other countries. | ||||||||||||||||||||||
Amortization expense for intangible assets for the quarters ended March 31, 2014 and 2013 was $9,204 and $3,812, respectively. | ||||||||||||||||||||||
Annual amortization expense for intangible assets for 2014, 2015, 2016, 2017 and 2018 is expected to be $29,767, $23,754, $20,752, $17,799 and $13,094, respectively. | ||||||||||||||||||||||
Accrued_And_Other_Liabilities
Accrued And Other Liabilities | 3 Months Ended | |||||
Mar. 31, 2014 | ||||||
Accrued And Other Liabilities [Abstract] | ' | |||||
Accrued And Other Liabilities | ' | |||||
(6) Accrued and Other Liabilities | ||||||
Accrued liabilities at March 31, 2014 and December 31, 2013 were as follows: | ||||||
(in thousands) | 2014 | 2013 | ||||
Compensation and benefits | $ | 16,944 | $ | 13,197 | ||
Vendor accruals | 5,591 | 5,449 | ||||
Accrued professional fees | 363 | 493 | ||||
Accrued taxes | 4,990 | 1,834 | ||||
Royalties payable | 783 | 750 | ||||
Accrued interest | 248 | 73 | ||||
Earnouts and deferred payments related to acquisitions | 5,885 | 5,872 | ||||
Accrued other | 552 | 762 | ||||
Total | $ | 35,356 | $ | 28,430 | ||
Other liabilities at March 31, 2014 and December 31, 2013 were as follows: | ||||||
(in thousands) | 2014 | 2013 | ||||
Defined benefit pension obligation | $ | 5,864 | $ | 5,861 | ||
Long term tax liability | 90 | 90 | ||||
Earnouts related to acquisitions | 8,630 | 4,206 | ||||
Long term deferred revenue | 5,453 | 4,218 | ||||
Other long term liabilities | 642 | 826 | ||||
Total | $ | 20,679 | $ | 15,201 | ||
Hedging_Activities_And_Financi
Hedging Activities And Financial Instruments | 3 Months Ended |
Mar. 31, 2014 | |
Hedging Activities And Financial Instruments [Abstract] | ' |
Hedging Activities And Financial Instruments | ' |
(7) Hedging Activities and Financial Instruments | |
The Company conducts business in various countries using both the functional currencies of those countries and other currencies to effect cross border transactions. As a result, the Company is subject to the risk that fluctuations in foreign exchange rates between the dates that those transactions are entered into and their respective settlement dates will result in a foreign exchange gain or loss. When practicable, the Company endeavors to match assets and liabilities in the same currency on its balance sheet and those of its subsidiaries in order to reduce these risks. When appropriate, the Company enters into foreign currency contracts to hedge exposures arising from those transactions. The Company has elected not to prepare and maintain the documentation to qualify for hedge accounting treatment under ASC 815, “Derivatives and Hedging,” and therefore, all gains and losses (realized or unrealized) are recognized in "Interest and other expense, net” in the condensed consolidated statements of operations and comprehensive income. Depending on their fair value at the end of the reporting period, derivatives are recorded either in prepaid expenses and other current assets or in accrued liabilities on the condensed consolidated balance sheet. | |
There were no foreign currency contracts outstanding at March 31, 2014 or at December 31, 2013. | |
The total impact of foreign currency transactions on the condensed consolidated statements of operations and comprehensive income for the quarters ended March 31, 2014 and 2013 reflected losses of $205 and $965, respectively. | |
Borrowings
Borrowings | 3 Months Ended | |||||
Mar. 31, 2014 | ||||||
Borrowings [Abstract] | ' | |||||
Borrowings | ' | |||||
(8) Borrowings | ||||||
5.5% senior convertible notes and interest expense | ||||||
In November 2011, the Company issued $152,000 of 5.50% senior convertible notes due December 2016. These notes are senior unsecured obligations and rank equal in right of payment with all the Company’s existing and future senior unsecured indebtedness. They are also senior in right of payment to any subordinated indebtedness that the Company may incur in the future. | ||||||
The notes accrue interest at the rate of 5.50% per year payable in cash semi-annually on June 15 and December 15 of each year. | ||||||
The following table summarizes the principal amounts and related unamortized discount on convertible notes at March 31, 2014 and December 31, 2013: | ||||||
(in thousands) | 2014 | 2013 | ||||
Principal amount of convertible notes | $ | 12,540 | $ | 12,540 | ||
Unamortized discount on convertible notes | -1,040 | -1,124 | ||||
Net carrying value | $ | 11,500 | $ | 11,416 | ||
These notes are convertible into shares of the Company’s Common Stock at a conversion rate equivalent to 69.9032 shares of Common Stock per $1 principal amount of notes, which represents a conversion rate of approximately $14.31 per share of Common Stock. The conversion rate is subject to adjustment in certain circumstances as more fully set forth in the indenture covering the notes. Conditions for conversion have been satisfied and the notes are convertible. No notes were converted during the first quarter of 2014. | ||||||
The remaining notes are convertible into approximately 876 shares of common stock. In certain circumstances provided for in the indenture, the number of shares of common stock issuable upon conversion of the notes may be increased, and with it the aggregate principal amount of the notes. Unless earlier repurchased or converted, the notes will mature on December 15, 2016. | ||||||
The notes were issued with an effective yield of 5.96% based upon an original issue discount at 98.0%. The net proceeds from the issuance of these notes, after deducting original issue discount and capitalized issuance costs of $6,634, amounted to $145,366. The capitalized issuance costs are being amortized to interest expense over the life of the notes, or realized upon conversion of the notes. | ||||||
Upon certain terms and conditions, the Company may elect to satisfy its conversion obligation with respect to the notes by paying cash, in whole or in part, for specified aggregate principal amount of the notes. In the event of certain types of fundamental changes, the Company will increase the conversion rate by a number of additional shares, up to a maximum of 1,118 shares, which equates to a conversion price of approximately $11.22 per share. | ||||||
StockBased_Compensation_Plans
Stock-Based Compensation Plans | 3 Months Ended | |||||||||||
Mar. 31, 2014 | ||||||||||||
Stock-Based Compensation Plans [Abstract] | ' | |||||||||||
Stock-Based Compensation Plans | ' | |||||||||||
(9) Stock-based Compensation Plans | ||||||||||||
The Company records stock-based compensation expense in selling, general and administrative expenses in the condensed consolidated statements of operations and comprehensive income. Stock-based compensation expense for the quarters ended March 31, 2014 and 2013 was as follows: | ||||||||||||
Quarter Ended March 31, | ||||||||||||
(in thousands) | 2014 | 2013 | ||||||||||
Restricted stock awards | $ | 7,276 | $ | 2,221 | ||||||||
The number of shares of restricted common stock awarded and the weighted average fair value per share during the quarters ended March 31, 2014 and 2013 were as follows: | ||||||||||||
Quarter Ended March 31, | ||||||||||||
2014 | 2013 | |||||||||||
(in thousands, except per share amounts) | Shares Awarded | Weighted Average Fair Value | Shares Awarded | Weighted Average Fair Value | ||||||||
Restricted stock awards: | ||||||||||||
Granted under the 2004 Incentive Stock Plan | 233 | $ | 80.82 | 228 | $ | 36.47 | ||||||
During the first quarter of 2014, the Company granted restricted stock awards covering 233 shares of common stock pursuant to the Company’s 2004 Incentive Stock Plan, of which 30 shares were awarded to executive officers of the Company and 114 shares remained subject to acceptance at March 31, 2014. During the first quarter of 2013, the Company granted restricted stock awards covering 228 shares of common stock pursuant to the Company’s 2004 Incentive Stock Plan, of which 24 shares were awarded to executive officers of the Company. | ||||||||||||
No shares of common stock pursuant to the Company’s 2004 Restricted Stock Plan were granted to Non-Employee Directors during the first quarter of 2014 or 2013. | ||||||||||||
International_Retirement_Plan
International Retirement Plan | 3 Months Ended | |||||
Mar. 31, 2014 | ||||||
International Retirement Plan [Abstract] | ' | |||||
International Retirement Plan | ' | |||||
(10) International Retirement Plan | ||||||
The following table shows the components of net periodic benefit costs and other amounts recognized in the condensed consolidated statements of operations and comprehensive income for the quarters ended March 31, 2014 and 2013: | ||||||
Quarter Ended March 31, | ||||||
(in thousands) | 2014 | 2013 | ||||
Service cost | $ | 45 | $ | 23 | ||
Interest cost | 62 | 49 | ||||
Total | $ | 107 | $ | 72 | ||
Earnings_Per_Share
Earnings Per Share | 3 Months Ended | |||||
Mar. 31, 2014 | ||||||
Earnings Per Share [Abstract] | ' | |||||
Earnings Per Share | ' | |||||
(11) Earnings Per Share | ||||||
The Company presents basic and diluted earnings per share (“EPS”) amounts. Basic EPS is calculated by dividing net income attributable to 3D Systems Corporation available to common stockholders by the weighted average number of common shares outstanding during the applicable period. Diluted EPS is calculated by dividing net income by the weighted average number of common and common equivalent shares outstanding during the applicable period. | ||||||
The following table reconciles basic weighted average outstanding shares to diluted weighted average outstanding shares at March 31, 2014 and 2013: | ||||||
Quarter Ended March 31, | ||||||
(in thousands, except per share amounts) | 2014 | 2013 | ||||
Numerator: | ||||||
Net income attributable to 3D Systems Corporation – numerator for basic net earnings per share | $ | 4,877 | $ | 5,883 | ||
Add: Effect of dilutive securities | ||||||
Interest expense on 5.50% convertible notes (after-tax) | — | — | ||||
Numerator for diluted earnings per share | $ | 4,877 | $ | 5,883 | ||
Denominator: | ||||||
Weighted average shares – denominator for basic net earnings per share | 103,546 | 91,822 | ||||
Add: Effect of dilutive securities | ||||||
5.50% convertible notes (after-tax) | — | — | ||||
Denominator for diluted earnings per share | 103,546 | 91,822 | ||||
Earnings per share | ||||||
Basic and diluted | $ | 0.05 | $ | 0.06 | ||
Interest expense excluded from diluted earnings per share calculation (a) | $ | 156 | $ | 977 | ||
5.50% Convertible notes shares excluded from diluted earnings per share calculation (a) | 876 | 3,379 | ||||
(a) | Average outstanding diluted earnings per share calculation excludes shares that may be issued upon conversion of the outstanding senior convertible notes since the effect of their inclusion would have been anti-dilutive. | |||||
For the quarter ended March 31, 2014, average common shares for basic and diluted earnings per share were 103,546 and basic and diluted earnings per share were $0.05. For the quarter ended March 31, 2013, average common shares for basic and diluted earnings per share were 91,822 and basic and diluted earnings per share were $0.06. | ||||||
Fair_Value_Measurements
Fair Value Measurements | 3 Months Ended | |||||||||||
Mar. 31, 2014 | ||||||||||||
Fair Value Measurements [Abstract] | ' | |||||||||||
Fair Value Measurements | ' | |||||||||||
(12) Fair Value Measurements | ||||||||||||
ASC 820, “Fair Value Measurements and Disclosures,” defines fair value 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. ASC 820 also establishes a fair value hierarchy which requires an entity to maximize the use of observable inputs that may be used to measure fair value: | ||||||||||||
· | Level 1 - Quoted prices in active markets for identical assets or liabilities; | |||||||||||
· | Level 2 - Observable inputs other than Level 1 prices, 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 market data for substantially the full term of the assets or liabilities; or | |||||||||||
· | 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. | |||||||||||
For the Company, the above standard applies to cash equivalents and senior convertible notes. The Company utilizes the market approach to measure fair value for its financial assets and liabilities. The market approach uses prices and other relevant information generated by market transactions involving identical or comparable assets or liabilities. | ||||||||||||
Assets and liabilities measured at fair value on a recurring basis are summarized below: | ||||||||||||
Fair Value Measurements as of March 31, 2014 | ||||||||||||
(in thousands) | Level 1 | Level 2 | Level 3 | Total | ||||||||
Description | ||||||||||||
Cash equivalents (a) | $ | 212,948 | $ | — | $ | — | $ | 212,948 | ||||
(a) | Cash equivalents include funds held in money market instruments and are reported at their current carrying value, which approximates fair value due to the short-term nature of these instruments and are included in cash and cash equivalents in the consolidated balance sheet. | |||||||||||
The Company did not have any transfers of assets and liabilities between Level 1 and Level 2 of the fair value measurement hierarchy during the quarter ended March 31, 2014. | ||||||||||||
The carrying value of the senior convertible notes as of March 31, 2014 and December 31, 2013 was $11,500 and $11,416, respectively, net of the unamortized discount. As of March 31, 2014 and December 31, 2013, the estimated fair value of the senior convertible notes was $12,242 and $12,035, respectively, based on quoted market prices. The Company determined the fair value of the convertible notes utilizing transactions in the listed markets for identical or similar liabilities. As such, the fair value of the senior convertible notes is considered Level 2. | ||||||||||||
In addition to the financial assets included in the above table, certain of our non-financial assets and liabilities are to be initially measured at fair value on a non-recurring basis. This includes items such as non-financial assets and liabilities initially measured at fair value in a business combination (but not measured at fair value in subsequent periods) and non-financial, long-lived assets measured at fair value for an impairment assessment. In general, non-financial assets and liabilities including goodwill, other intangible assets and property and equipment are measured at fair value when there is an indication of impairment and are recorded at fair value only when impairment is recognized. The Company has not recorded any impairments related to such assets and has had no other significant non-financial assets or non-financial liabilities requiring adjustments or write-downs to fair value as of March 31, 2014 or December 31, 2013. | ||||||||||||
Income_Taxes
Income Taxes | 3 Months Ended |
Mar. 31, 2014 | |
Income Taxes [Abstract] | ' |
Income Taxes | ' |
(13) Income Taxes | |
The Company’s effective tax rate was 42.0% and 21.1% for the quarters ended March 31, 2014 and 2013, respectively. | |
During the first quarter of 2014, the Company recorded return-to-provision adjustments totaling $571 that are non-temporary in nature. | |
The Company has not provided for any taxes on the unremitted earnings of its foreign subsidiaries, as the Company intends to permanently reinvest all such earnings outside of the U.S. We believe a calculation of the deferred tax liability associated with these undistributed earnings is impracticable. | |
Tax years 2010 to 2013 are subject to examination by the U.S. Internal Revenue Service. The Company has utilized U.S. loss carryforwards causing the years 1997 to 2007 to be subject to examination. The Company files income tax returns (which are open to examination beginning in the year shown in parentheses) in France (2011), Germany (2011), Japan (2007), Italy (2009), Switzerland (2008), the United Kingdom (2009), the Netherlands (2007), Australia (2009), Korea (2008), India (2012), and China (2013). | |
Segment_Information
Segment Information | 3 Months Ended | |||||||||||||||
Mar. 31, 2014 | ||||||||||||||||
Segment Information [Abstract] | ' | |||||||||||||||
Segment Information | ' | |||||||||||||||
(14) Segment Information | ||||||||||||||||
The Company operates in one reportable business segment. The Company conducts its business through subsidiaries in the United States, a subsidiary in Switzerland that operates a research and production facility, and sales and services offices, including Quickparts services, operated by subsidiaries in Europe (France, Germany, the United Kingdom, Italy and the Netherlands) and in Asia-Pacific (Australia, China, India, Japan and Korea). The Company has historically disclosed summarized financial information for the geographic areas of operations as if they were segments in accordance with ASC 280, “Segment Reporting.” Financial information concerning the Company’s geographical locations are based on the location of the selling entity. | ||||||||||||||||
Summarized financial information concerning the Company’s geographical operations is shown in the following tables: | ||||||||||||||||
Quarter Ended March 31, | ||||||||||||||||
(in thousands) | 2014 | 2013 | ||||||||||||||
Revenue from unaffiliated customers: | ||||||||||||||||
United States | $ | 68,032 | $ | 57,153 | ||||||||||||
Germany | 23,825 | 11,911 | ||||||||||||||
Other Europe | 23,739 | 16,669 | ||||||||||||||
Asia Pacific | 32,162 | 16,346 | ||||||||||||||
Total | $ | 147,758 | $ | 102,079 | ||||||||||||
The Company’s revenue from unaffiliated customers by type was as follows: | ||||||||||||||||
Quarter Ended March 31, | ||||||||||||||||
(in thousands) | 2014 | 2013 | ||||||||||||||
Printers and other products | $ | 60,753 | $ | 39,723 | ||||||||||||
Materials | 40,441 | 28,729 | ||||||||||||||
Services | 46,564 | 33,627 | ||||||||||||||
Total revenue | $ | 147,758 | $ | 102,079 | ||||||||||||
Intercompany sales were as follows: | ||||||||||||||||
Quarter Ended March 31, 2014 | ||||||||||||||||
Intercompany Sales to | ||||||||||||||||
(in thousands) | United States | Germany | Other Europe | Asia Pacific | Total | |||||||||||
United States | $ | — | $ | 10,937 | $ | 4,947 | $ | 2,346 | $ | 18,230 | ||||||
Germany | 409 | — | 1,478 | — | 1,887 | |||||||||||
Other Europe | 10,043 | 1,330 | 332 | 555 | 12,260 | |||||||||||
Asia Pacific | 482 | — | — | 682 | 1,164 | |||||||||||
Total | $ | 10,934 | $ | 12,267 | $ | 6,757 | $ | 3,583 | $ | 33,541 | ||||||
Quarter Ended March 31, 2013 | ||||||||||||||||
Intercompany Sales to | ||||||||||||||||
(in thousands) | United States | Germany | Other Europe | Asia Pacific | Total | |||||||||||
United States | $ | — | $ | 5,783 | $ | 3,604 | $ | 1,124 | $ | 10,511 | ||||||
Germany | 318 | — | 1,359 | — | 1,677 | |||||||||||
Other Europe | 3,931 | 283 | 78 | 31 | 4,323 | |||||||||||
Asia Pacific | 525 | 380 | — | 255 | 1,160 | |||||||||||
Total | $ | 4,774 | $ | 6,446 | $ | 5,041 | $ | 1,410 | $ | 17,671 | ||||||
All revenue between geographic areas is recorded at prices that provide for an allocation of profit (loss) between entities. Income from operations, assets, and cash for each geographic area was as follows: | ||||||||||||||||
Quarter Ended March 31, | ||||||||||||||||
(in thousands) | 2014 | 2013 | ||||||||||||||
Income from operations: | ||||||||||||||||
United States | $ | -2,030 | $ | 11,269 | ||||||||||||
Germany | 197 | 661 | ||||||||||||||
Other Europe | 2,401 | 1,766 | ||||||||||||||
Asia Pacific | 9,067 | 4,317 | ||||||||||||||
Subtotal | 9,635 | 18,013 | ||||||||||||||
Inter-segment elimination | -118 | -494 | ||||||||||||||
Total | $ | 9,517 | $ | 17,519 | ||||||||||||
March 31, | December 31, | |||||||||||||||
(in thousands) | 2014 | 2013 | ||||||||||||||
Assets: | ||||||||||||||||
United States | $ | 892,707 | $ | 870,208 | ||||||||||||
Germany | 49,204 | 38,685 | ||||||||||||||
Other Europe | 119,554 | 120,562 | ||||||||||||||
Asia Pacific | 68,592 | 68,401 | ||||||||||||||
Total | $ | 1,130,057 | $ | 1,097,856 | ||||||||||||
March 31, | December 31, | |||||||||||||||
(in thousands) | 2014 | 2013 | ||||||||||||||
Cash and cash equivalents: | ||||||||||||||||
United States | $ | 284,108 | $ | 286,377 | ||||||||||||
Germany | 5,534 | 3,441 | ||||||||||||||
Other Europe | 8,992 | 8,915 | ||||||||||||||
Asia Pacific | 8,070 | 7,583 | ||||||||||||||
Total | $ | 306,704 | $ | 306,316 | ||||||||||||
Commitments_And_Contingencies
Commitments And Contingencies | 3 Months Ended |
Mar. 31, 2014 | |
Commitments And Contingencies [Abstract] | ' |
Commitments And Contingencies | ' |
(15) Commitments and Contingencies | |
The Company leases office space under various non-cancelable operating leases. Rent expense under operating leases was $2,311 and $1,378 for the quarters ended March 31, 2014 and 2013, respectively. | |
The Company has supply commitments for printer assemblies that total $61,021 at March 31, 2014, compared to $41,091 at December 31, 2013. | |
For certain of the acquisitions, the Company is obligated for deferred purchase price commitments. At March 31, 2014 and December 31, 2013, these commitments totaled $4,500, which are due through 2014. Certain of the Company’s recent acquisitions contain earnout provisions under which the sellers of the acquired businesses can earn additional amounts. The total liabilities recorded for these earnouts as of March 31, 2014 and December 31, 2013 was $10,015 and $5,578, respectively. See Note 2 for details of acquisitions and related commitments. | |
Litigation | |
In 2008, DSM Desotech Inc. filed a complaint, which it has subsequently amended, in an action titled DSM Desotech Inc. v. 3D Systems Corporation and 3D Systems, Inc. in the United States District Court for the Northern District of Illinois (Eastern Division) asserting that the Company engaged in anticompetitive behavior with respect to resins used in certain of its stereolithography machines. The complaint further asserted that the Company infringed upon two of DSM Desotech’s patents relating to stereolithography machines. | |
On January 31, 2013, the Court granted the Company summary judgment for all seven of the counts alleging anticompetitive behavior. On February 28, 2013, the parties filed a stipulation of dismissal of the remaining counts, and the Court dismissed those counts in connection with the settlement of these portions of the litigation. On March 29, 2013, DSM Desotech filed a notice of appeal to the United States Court of Appeals for the Federal Circuit regarding the Court’s granting of summary judgment in favor of the Company on all seven counts of alleged anticompetitive behavior. On April 18, 2014, the Federal Circuit affirmed the grant of summary judgment for all seven counts, dismissing all remaining claims asserted by DSM Desotech. | |
On November 20, 2012, the Company filed a complaint in an action titled 3D Systems, Inc. v. Formlabs, Inc. and Kickstarter, Inc. in the United States District Court for the District of South Carolina (Rock Hill Division) asserting that Formlabs’ and Kickstarter’s sales of the Form 1 3D printer infringed on one of the Company’s patents relating to stereolithography machines. Formlabs and Kickstarter filed a motion to dismiss or transfer venue on February 25, 2013, and the Company filed a first amended complaint on March 8, 2013. On May 8, 2013, the Court granted the parties’ joint motion to stay the case until September 3, 2013 to enable the parties to continue settlement discussions. On November 8, 2013, the Company voluntarily dismissed the South Carolina complaint and filed a new complaint in the United States District Court for the Southern District of New York asserting that Formlabs’ sales of the Form 1 3D printer infringed on eight of the Company’s patents relating to stereolithography machines. On December 20, 2013, Formlabs filed a motion to dismiss the Company’s claims of indirect and willful infringement, and the Company filed a memorandum in opposition on January 6, 2014. Formlabs filed a reply on January 16, 2014. The Company intends to pursue claims for damages against Formlabs. | |
The Company is also involved in various other legal matters incidental to its business. The Company believes, after consulting with counsel, that the disposition of these other legal matters will not have a material effect on our consolidated results of operations or consolidated financial position. | |
Indemnification | |
In the normal course of business the Company periodically enters into agreements to indemnify customers or suppliers against claims of intellectual property infringement made by first parties arising from the use of the Company’s products. Historically, costs related to these indemnification provisions have not been significant and we are unable to estimate the maximum potential impact of these indemnification provisions on our future results of operations. | |
To the extent permitted under Delaware law, the Company indemnifies directors and officers for certain events or occurrences while the director or officer is, or was, serving at the Company’s request in such capacity, subject to limited exceptions. The maximum potential amount of future payments the Company could be required to make under these indemnification obligations is unlimited; however, the Company has directors and officers insurance coverage that may enable the Company to recover future amounts paid, subject to a deductible and the policy limits. There is no assurance that the policy limits will be sufficient to cover all damages, if any. | |
Accumulated_Other_Comprehensiv
Accumulated Other Comprehensive Income (Loss) | 3 Months Ended | |||||||||||
Mar. 31, 2014 | ||||||||||||
Accumulated Other Comprehensive Income (Loss) [Abstract] | ' | |||||||||||
Accumulated Other Comprehensive Income (Loss) | ' | |||||||||||
(16) Accumulated Other Comprehensive Income | ||||||||||||
The changes in the balances of accumulated other comprehensive income by component are as follows: | ||||||||||||
(in thousands) | Foreign currency translation adjustment | Defined benefit pension plan | Liquidation of non-US entity | Total | ||||||||
Balance at December 31, 2013 | $ | 6,692 | $ | -1,076 | $ | 173 | $ | 5,789 | ||||
Other comprehensive income | -13 | 19 | — | 6 | ||||||||
Balance at March 31, 2014 | $ | 6,679 | $ | -1,057 | $ | 173 | $ | 5,795 | ||||
The amounts presented above are included in other comprehensive income and are net of taxes. For additional information about foreign currency translation, see Note 7. For additional information about the pension plan, see Note 10. | ||||||||||||
Noncontrolling_Interest
Noncontrolling Interest | 3 Months Ended |
Mar. 31, 2014 | |
Noncontrolling Interest [Abstract] | ' |
Noncontrolling Interest | ' |
(17) Noncontrolling Interest | |
As of March 31, 2014, the Company owned 95% of the capital and voting rights of Phenix Systems, a global provider of direct metal selective laser sintering 3D printers based in Riom, France. Phenix’s operating results are included in these condensed consolidated financial statements. In accordance with ASC 810, “Consolidation,” the carrying value of the noncontrolling interest is reported in the condensed consolidated balance sheets as a separate component of equity and condensed consolidated net income has been adjusted to report the net income attributable to the noncontrolling interest. | |
Subsequent_Event
Subsequent Event | 3 Months Ended |
Mar. 31, 2014 | |
Subsequent Event [Abstract] | ' |
Subsequent Event | ' |
(18) Subsequent Events | |
On April 2, 2014, the Company acquired Medical Modeling Inc., a provider of personalized surgical treatments and patient specific medical devices, including virtual surgical planning and clinical transfer tools, using 3D modeling. See Note 2. | |
On April 16, 2014, the Company entered into a definitive agreement to acquire Robtec, an additive manufacturing service bureau and distributor of 3D printing and scanning products located in Sao Paulo, Brazil. Under the terms of the agreement, the Company will acquire 70% of the shares of Robtec at closing and the remainder of the shares on the fifth anniversary of the closing. See Note 2. | |
Basis_Of_Presentation_Policy
Basis Of Presentation (Policy) | 3 Months Ended |
Mar. 31, 2014 | |
Basis Of Presentation [Abstract] | ' |
Recent Accounting Pronouncements | ' |
Recent Accounting Pronouncements | |
No new accounting pronouncements, issued or effective during the first quarter of 2014, have had or are expected to have a significant impact on the Company’s consolidated financial statements. | |
Acquisitions_Tables
Acquisitions (Tables) | 3 Months Ended | ||
Mar. 31, 2014 | |||
Acquisitions [Abstract] | ' | ||
Purchase Price Allocation To Assets Acquired And Liabilities Assumed | ' | ||
(in thousands) | 2014 | ||
Other intangible assets, net | 2,680 | ||
Goodwill | 1,320 | ||
Net assets acquired | $ | 4,000 | |
Inventories_Tables
Inventories (Tables) | 3 Months Ended | |||||
Mar. 31, 2014 | ||||||
Inventories [Abstract] | ' | |||||
Components Of Inventories | ' | |||||
(in thousands) | 2014 | 2013 | ||||
Raw materials | $ | 39,262 | $ | 34,144 | ||
Work in process | 1,613 | 3,050 | ||||
Finished goods and parts | 45,155 | 37,954 | ||||
Inventories, net | $ | 86,030 | $ | 75,148 | ||
Property_And_Equipment_Tables
Property And Equipment (Tables) | 3 Months Ended | |||||||
Mar. 31, 2014 | ||||||||
Property And Equipment [Abstract] | ' | |||||||
Schedule Of Property And Equipment | ' | |||||||
(in thousands) | 2014 | 2013 | Useful Life (in years) | |||||
Land | $ | 541 | $ | 541 | N/A | |||
Building | 9,315 | 9,315 | 25 | |||||
Machinery and equipment | 60,359 | 56,962 | 7-Mar | |||||
Capitalized software — ERP | 3,877 | 3,872 | 5 | |||||
Office furniture and equipment | 3,751 | 3,586 | 5 | |||||
Leasehold improvements | 9,688 | 9,395 | Life of lease (a) | |||||
Rental equipment | 609 | — | 5 | |||||
Construction in progress | 6,437 | 4,014 | N/A | |||||
Total property and equipment | 94,577 | 87,685 | ||||||
Less: Accumulated depreciation and amortization | -45,595 | -42,477 | ||||||
Total property and equipment, net | $ | 48,982 | $ | 45,208 | ||||
(a) | Leasehold improvements are amortized on a straight-line basis over the shorter of (i) their estimated useful lives and (ii) the estimated or contractual life of the related lease. | |||||||
Intangible_Assets_Tables
Intangible Assets (Tables) | 3 Months Ended | |||||||||||||||||||||
Mar. 31, 2014 | ||||||||||||||||||||||
Intangible Assets [Abstract] | ' | |||||||||||||||||||||
Intangible Assets Other Than Goodwill | ' | |||||||||||||||||||||
2014 | 2013 | |||||||||||||||||||||
(in thousands) | Gross | Accumulated Amortization | Net | Gross | Accumulated Amortization | Net | Useful Life (in years) | Weighted Average Useful Life Remaining (in years) | ||||||||||||||
Intangible assets with finite lives: | ||||||||||||||||||||||
Licenses | $ | 5,875 | $ | -5,875 | $ | — | $ | 5,875 | $ | -5,875 | $ | — | ||||||||||
Patent costs | 21,714 | -6,113 | 15,601 | 21,545 | -5,960 | 15,585 | 7-Jun | 3 | ||||||||||||||
Acquired technology | 32,498 | -14,185 | 18,313 | 30,095 | -13,615 | 16,480 | 10-May | 5 | ||||||||||||||
Internally developed software | 17,847 | -13,223 | 4,624 | 18,097 | -12,863 | 5,234 | 5 | <1 | ||||||||||||||
Customer relationships | 99,966 | -24,089 | 75,877 | 95,793 | -18,283 | 77,510 | 13-May | 5 | ||||||||||||||
Non-compete agreements | 20,445 | -7,635 | 12,810 | 16,848 | -6,666 | 10,182 | 11-Mar | 3 | ||||||||||||||
Trade names | 10,627 | -2,834 | 7,793 | 9,302 | -2,211 | 7,091 | 10-Feb | 3 | ||||||||||||||
Other | 18,637 | -4,819 | 13,818 | 11,598 | -4,081 | 7,517 | <1 - 7 | 2 | ||||||||||||||
Intangible assets with indefinite lives: | ||||||||||||||||||||||
Trademarks | 2,110 | — | 2,110 | 2,110 | — | 2,110 | N/A | N/A | ||||||||||||||
Total intangible assets | $ | 229,719 | $ | -78,773 | $ | 150,946 | $ | 211,263 | $ | -69,554 | $ | 141,709 | <1 - 13 | 4 | ||||||||
Accrued_And_Other_Liabilities_
Accrued And Other Liabilities (Tables) | 3 Months Ended | |||||
Mar. 31, 2014 | ||||||
Accrued And Other Liabilities [Abstract] | ' | |||||
Schedule Of Accrued Liabilities | ' | |||||
(in thousands) | 2014 | 2013 | ||||
Compensation and benefits | $ | 16,944 | $ | 13,197 | ||
Vendor accruals | 5,591 | 5,449 | ||||
Accrued professional fees | 363 | 493 | ||||
Accrued taxes | 4,990 | 1,834 | ||||
Royalties payable | 783 | 750 | ||||
Accrued interest | 248 | 73 | ||||
Earnouts and deferred payments related to acquisitions | 5,885 | 5,872 | ||||
Accrued other | 552 | 762 | ||||
Total | $ | 35,356 | $ | 28,430 | ||
Schedule Of Other Liabilities | ' | |||||
(in thousands) | 2014 | 2013 | ||||
Defined benefit pension obligation | $ | 5,864 | $ | 5,861 | ||
Long term tax liability | 90 | 90 | ||||
Earnouts related to acquisitions | 8,630 | 4,206 | ||||
Long term deferred revenue | 5,453 | 4,218 | ||||
Other long term liabilities | 642 | 826 | ||||
Total | $ | 20,679 | $ | 15,201 | ||
Borrowings_Tables
Borrowings (Tables) | 3 Months Ended | |||||
Mar. 31, 2014 | ||||||
Borrowings [Abstract] | ' | |||||
Summary Of Principal Amounts And Related Unamortized Discount On Convertible Notes | ' | |||||
(in thousands) | 2014 | 2013 | ||||
Principal amount of convertible notes | $ | 12,540 | $ | 12,540 | ||
Unamortized discount on convertible notes | -1,040 | -1,124 | ||||
Net carrying value | $ | 11,500 | $ | 11,416 | ||
StockBased_Compensation_Plans_
Stock-Based Compensation Plans (Tables) | 3 Months Ended | |||||||||||
Mar. 31, 2014 | ||||||||||||
Stock-Based Compensation Plans [Abstract] | ' | |||||||||||
Schedule Of Stock-Based Compensation Expense | ' | |||||||||||
Quarter Ended March 31, | ||||||||||||
(in thousands) | 2014 | 2013 | ||||||||||
Restricted stock awards | $ | 7,276 | $ | 2,221 | ||||||||
Schedule Of Restricted Stock Units Award Activity | ' | |||||||||||
Quarter Ended March 31, | ||||||||||||
2014 | 2013 | |||||||||||
(in thousands, except per share amounts) | Shares Awarded | Weighted Average Fair Value | Shares Awarded | Weighted Average Fair Value | ||||||||
Restricted stock awards: | ||||||||||||
Granted under the 2004 Incentive Stock Plan | 233 | $ | 80.82 | 228 | $ | 36.47 | ||||||
International_Retirement_Plan_
International Retirement Plan (Tables) | 3 Months Ended | |||||
Mar. 31, 2014 | ||||||
International Retirement Plan [Abstract] | ' | |||||
Components Of Net Periodic Benefit Costs And Other Amounts Recognized In Other Comprehensive Income | ' | |||||
Quarter Ended March 31, | ||||||
(in thousands) | 2014 | 2013 | ||||
Service cost | $ | 45 | $ | 23 | ||
Interest cost | 62 | 49 | ||||
Total | $ | 107 | $ | 72 | ||
Earnings_Per_Share_Tables
Earnings Per Share (Tables) | 3 Months Ended | |||||
Mar. 31, 2014 | ||||||
Earnings Per Share, Basic And Diluted [Abstract] | ' | |||||
Schedule Of Earnings Per Share Reconciliation | ' | |||||
Quarter Ended March 31, | ||||||
(in thousands, except per share amounts) | 2014 | 2013 | ||||
Numerator: | ||||||
Net income attributable to 3D Systems Corporation – numerator for basic net earnings per share | $ | 4,877 | $ | 5,883 | ||
Add: Effect of dilutive securities | ||||||
Interest expense on 5.50% convertible notes (after-tax) | — | — | ||||
Numerator for diluted earnings per share | $ | 4,877 | $ | 5,883 | ||
Denominator: | ||||||
Weighted average shares – denominator for basic net earnings per share | 103,546 | 91,822 | ||||
Add: Effect of dilutive securities | ||||||
5.50% convertible notes (after-tax) | — | — | ||||
Denominator for diluted earnings per share | 103,546 | 91,822 | ||||
Earnings per share | ||||||
Basic and diluted | $ | 0.05 | $ | 0.06 | ||
Interest expense excluded from diluted earnings per share calculation (a) | $ | 156 | $ | 977 | ||
5.50% Convertible notes shares excluded from diluted earnings per share calculation (a) | 876 | 3,379 | ||||
(a) | Average outstanding diluted earnings per share calculation excludes shares that may be issued upon conversion of the outstanding senior convertible notes since the effect of their inclusion would have been anti-dilutive. | |||||
Fair_Value_Measurements_Tables
Fair Value Measurements (Tables) | 3 Months Ended | |||||||||||
Mar. 31, 2014 | ||||||||||||
Fair Value Measurements [Abstract] | ' | |||||||||||
Summary Of Assets And Liabilities Measured At Fair Value On Recurring Basis | ' | |||||||||||
Fair Value Measurements as of March 31, 2014 | ||||||||||||
(in thousands) | Level 1 | Level 2 | Level 3 | Total | ||||||||
Description | ||||||||||||
Cash equivalents (a) | $ | 212,948 | $ | — | $ | — | $ | 212,948 | ||||
(a) | Cash equivalents include funds held in money market instruments and are reported at their current carrying value, which approximates fair value due to the short-term nature of these instruments and are included in cash and cash equivalents in the consolidated balance sheet. | |||||||||||
Segment_Information_Tables
Segment Information (Tables) | 3 Months Ended | |||||||||||||||
Mar. 31, 2014 | ||||||||||||||||
Segment Information [Abstract] | ' | |||||||||||||||
Schedule Of Revenue From Unaffiliated Customers By Geographic Area | ' | |||||||||||||||
Quarter Ended March 31, | ||||||||||||||||
(in thousands) | 2014 | 2013 | ||||||||||||||
Revenue from unaffiliated customers: | ||||||||||||||||
United States | $ | 68,032 | $ | 57,153 | ||||||||||||
Germany | 23,825 | 11,911 | ||||||||||||||
Other Europe | 23,739 | 16,669 | ||||||||||||||
Asia Pacific | 32,162 | 16,346 | ||||||||||||||
Total | $ | 147,758 | $ | 102,079 | ||||||||||||
Schedule Of Revenue From Unaffiliated Customers By Product | ' | |||||||||||||||
Quarter Ended March 31, | ||||||||||||||||
(in thousands) | 2014 | 2013 | ||||||||||||||
Printers and other products | $ | 60,753 | $ | 39,723 | ||||||||||||
Materials | 40,441 | 28,729 | ||||||||||||||
Services | 46,564 | 33,627 | ||||||||||||||
Total revenue | $ | 147,758 | $ | 102,079 | ||||||||||||
Schedule Of Intercompany Sales By Geographic Area | ' | |||||||||||||||
Quarter Ended March 31, 2014 | ||||||||||||||||
Intercompany Sales to | ||||||||||||||||
(in thousands) | United States | Germany | Other Europe | Asia Pacific | Total | |||||||||||
United States | $ | — | $ | 10,937 | $ | 4,947 | $ | 2,346 | $ | 18,230 | ||||||
Germany | 409 | — | 1,478 | — | 1,887 | |||||||||||
Other Europe | 10,043 | 1,330 | 332 | 555 | 12,260 | |||||||||||
Asia Pacific | 482 | — | — | 682 | 1,164 | |||||||||||
Total | $ | 10,934 | $ | 12,267 | $ | 6,757 | $ | 3,583 | $ | 33,541 | ||||||
Quarter Ended March 31, 2013 | ||||||||||||||||
Intercompany Sales to | ||||||||||||||||
(in thousands) | United States | Germany | Other Europe | Asia Pacific | Total | |||||||||||
United States | $ | — | $ | 5,783 | $ | 3,604 | $ | 1,124 | $ | 10,511 | ||||||
Germany | 318 | — | 1,359 | — | 1,677 | |||||||||||
Other Europe | 3,931 | 283 | 78 | 31 | 4,323 | |||||||||||
Asia Pacific | 525 | 380 | — | 255 | 1,160 | |||||||||||
Total | $ | 4,774 | $ | 6,446 | $ | 5,041 | $ | 1,410 | $ | 17,671 | ||||||
Schedule Of Income Or Loss From Operations By Geographic Area | ' | |||||||||||||||
Quarter Ended March 31, | ||||||||||||||||
(in thousands) | 2014 | 2013 | ||||||||||||||
Income from operations: | ||||||||||||||||
United States | $ | -2,030 | $ | 11,269 | ||||||||||||
Germany | 197 | 661 | ||||||||||||||
Other Europe | 2,401 | 1,766 | ||||||||||||||
Asia Pacific | 9,067 | 4,317 | ||||||||||||||
Subtotal | 9,635 | 18,013 | ||||||||||||||
Inter-segment elimination | -118 | -494 | ||||||||||||||
Total | $ | 9,517 | $ | 17,519 | ||||||||||||
Schedule Of Assets By Geographic Area | ' | |||||||||||||||
March 31, | December 31, | |||||||||||||||
(in thousands) | 2014 | 2013 | ||||||||||||||
Assets: | ||||||||||||||||
United States | $ | 892,707 | $ | 870,208 | ||||||||||||
Germany | 49,204 | 38,685 | ||||||||||||||
Other Europe | 119,554 | 120,562 | ||||||||||||||
Asia Pacific | 68,592 | 68,401 | ||||||||||||||
Total | $ | 1,130,057 | $ | 1,097,856 | ||||||||||||
Schedule Of Cash Equivalents By Geographic Area | ' | |||||||||||||||
March 31, | December 31, | |||||||||||||||
(in thousands) | 2014 | 2013 | ||||||||||||||
Cash and cash equivalents: | ||||||||||||||||
United States | $ | 284,108 | $ | 286,377 | ||||||||||||
Germany | 5,534 | 3,441 | ||||||||||||||
Other Europe | 8,992 | 8,915 | ||||||||||||||
Asia Pacific | 8,070 | 7,583 | ||||||||||||||
Total | $ | 306,704 | $ | 306,316 | ||||||||||||
Accumulated_Other_Comprehensiv1
Accumulated Other Comprehensive Income (Loss) (Tables) | 3 Months Ended | |||||||||||
Mar. 31, 2014 | ||||||||||||
Accumulated Other Comprehensive Income (Loss) [Abstract] | ' | |||||||||||
Schedule of Accumulated Other Comprehensive Income (Loss) | ' | |||||||||||
(in thousands) | Foreign currency translation adjustment | Defined benefit pension plan | Liquidation of non-US entity | Total | ||||||||
Balance at December 31, 2013 | $ | 6,692 | $ | -1,076 | $ | 173 | $ | 5,789 | ||||
Other comprehensive income | -13 | 19 | — | 6 | ||||||||
Balance at March 31, 2014 | $ | 6,679 | $ | -1,057 | $ | 173 | $ | 5,795 | ||||
Acquisitions_Narrative_Details
Acquisitions (Narrative) (Details) (USD $) | 3 Months Ended | 0 Months Ended | 3 Months Ended | ||||
In Thousands, unless otherwise specified | Mar. 31, 2014 | Dec. 31, 2013 | Feb. 18, 2014 | Mar. 31, 2014 | Mar. 31, 2014 | Mar. 31, 2014 | Apr. 16, 2014 |
item | Digital PlaySpace, Inc. [Member] | Digital PlaySpace, Inc. [Member] | Subsequent Event [Member] | Subsequent Event [Member] | Subsequent Event [Member] | ||
Medical Modeling Inc. [Member] | Robtec [Member] | Robtec [Member] | |||||
Business Acquisition [Line Items] | ' | ' | ' | ' | ' | ' | ' |
Number of businesses acquired | 1 | ' | ' | ' | ' | ' | ' |
Date of acquisition | ' | ' | ' | 18-Feb-14 | 2-Apr-14 | ' | ' |
Date of acquisition agreement | ' | ' | ' | ' | ' | 16-Apr-14 | ' |
Fair value of the consideration paid | ' | ' | $4,000 | ' | ' | ' | ' |
Cash paid for business acquisition | ' | ' | 2,000 | ' | ' | ' | ' |
Value of shares paid for acquisition | ' | ' | 2,000 | ' | ' | ' | ' |
Business acquisition, ownership percentage | ' | ' | ' | ' | ' | ' | 70.00% |
Maximum earnout payment | $4,500 | $4,500 | ' | ' | ' | ' | ' |
Acquisitions_Purchase_Price_Al
Acquisitions (Purchase Price Allocation To Assets Acquired And Liabilities Assumed) (Details) (Digital PlaySpace, Inc. [Member], USD $) | Mar. 31, 2014 |
In Thousands, unless otherwise specified | |
Digital PlaySpace, Inc. [Member] | ' |
Business Acquisition [Line Items] | ' |
Other intangible assets, net | $2,680 |
Goodwill | 1,320 |
Net assets acquired | $4,000 |
Inventories_Components_Of_Inve
Inventories (Components Of Inventories) (Details) (USD $) | Mar. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Inventories [Abstract] | ' | ' |
Raw materials | $39,262 | $34,144 |
Work in process | 1,613 | 3,050 |
Finished goods and parts | 45,155 | 37,954 |
Inventories, net | $86,030 | $75,148 |
Property_And_Equipment_Narrati
Property And Equipment (Narrative) (Details) (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 |
Property And Equipment [Abstract] | ' | ' |
Depreciation and amortization expense | $3,036 | $2,180 |
Property_And_Equipment_Schedul
Property And Equipment (Schedule Of Property And Equipment) (Details) (USD $) | 3 Months Ended | ||
In Thousands, unless otherwise specified | Mar. 31, 2014 | Dec. 31, 2013 | |
Property, Plant and Equipment [Line Items] | ' | ' | |
Total property and equipment | $94,577 | $87,685 | |
Less: Accumulated depreciation and amortization | -45,595 | -42,477 | |
Total property and equipment, net | 48,982 | 45,208 | |
Land [Member] | ' | ' | |
Property, Plant and Equipment [Line Items] | ' | ' | |
Total property and equipment | 541 | 541 | |
Building [Member] | ' | ' | |
Property, Plant and Equipment [Line Items] | ' | ' | |
Total property and equipment | 9,315 | 9,315 | |
Property and equipment, useful life, in years | '25 years | ' | |
Machinery And Equipment [Member] | ' | ' | |
Property, Plant and Equipment [Line Items] | ' | ' | |
Total property and equipment | 60,359 | 56,962 | |
Capitalized Software - ERP [Member] | ' | ' | |
Property, Plant and Equipment [Line Items] | ' | ' | |
Total property and equipment | 3,877 | 3,872 | |
Property and equipment, useful life, in years | '5 years | ' | |
Office Furniture And Equipment [Member] | ' | ' | |
Property, Plant and Equipment [Line Items] | ' | ' | |
Total property and equipment | 3,751 | 3,586 | |
Property and equipment, useful life, in years | '5 years | ' | |
Leasehold Improvements [Member] | ' | ' | |
Property, Plant and Equipment [Line Items] | ' | ' | |
Total property and equipment | 9,688 | 9,395 | |
Leasehold improvements useful life | 'Life of lease | [1] | ' |
Rental Equipment [Member] | ' | ' | |
Property, Plant and Equipment [Line Items] | ' | ' | |
Total property and equipment | 609 | ' | |
Property and equipment, useful life, in years | '5 years | ' | |
Construction In Progress [Member] | ' | ' | |
Property, Plant and Equipment [Line Items] | ' | ' | |
Total property and equipment | $6,437 | $4,014 | |
Minimum [Member] | Machinery And Equipment [Member] | ' | ' | |
Property, Plant and Equipment [Line Items] | ' | ' | |
Property and equipment, useful life, in years | '3 years | ' | |
Maximum [Member] | Machinery And Equipment [Member] | ' | ' | |
Property, Plant and Equipment [Line Items] | ' | ' | |
Property and equipment, useful life, in years | '7 years | ' | |
[1] | Leasehold improvements are amortized on a straight-line basis over the shorter of (i) their estimated useful lives and (ii) the estimated or contractual life of the related lease. |
Intangible_Assets_Narrative_De
Intangible Assets (Narrative) (Details) (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 |
Intangible Assets [Abstract] | ' | ' |
Costs incurred to acquire intangible assets | $210 | $177 |
Amortization expense for intangible assets | 9,204 | 3,812 |
Annual estimated amortization expense, in 2014 | 29,767 | ' |
Annual estimated amortization expense, in 2015 | 23,754 | ' |
Annual estimated amortization expense, in 2016 | 20,752 | ' |
Annual estimated amortization expense, in 2017 | 17,799 | ' |
Annual estimated amortization expense, in 2018 | $13,094 | ' |
Intangible_Assets_Intangible_A
Intangible Assets (Intangible Assets Other Than Goodwill) (Details) (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2014 | Dec. 31, 2013 |
Finite And Indefinite Lived Intangible Assets [Line Items] | ' | ' |
Intangible assets with finite lives: Accumulated Amortization | ($78,773) | ($69,554) |
Intangible assets, Gross | 229,719 | 211,263 |
Intangible assets, Net | 150,946 | 141,709 |
Weighted average useful life | '4 years | ' |
Trademarks [Member] | ' | ' |
Finite And Indefinite Lived Intangible Assets [Line Items] | ' | ' |
Indefinite-lived intangible assets | 2,110 | 2,110 |
Licenses [Member] | ' | ' |
Finite And Indefinite Lived Intangible Assets [Line Items] | ' | ' |
Intangible assets with finite lives: Gross | 5,875 | 5,875 |
Intangible assets with finite lives: Accumulated Amortization | -5,875 | -5,875 |
Patent Costs [Member] | ' | ' |
Finite And Indefinite Lived Intangible Assets [Line Items] | ' | ' |
Intangible assets with finite lives: Gross | 21,714 | 21,545 |
Intangible assets with finite lives: Accumulated Amortization | -6,113 | -5,960 |
Intangible assets with finite lives: Net | 15,601 | 15,585 |
Weighted average useful life | '3 years | ' |
Acquired Technology [Member] | ' | ' |
Finite And Indefinite Lived Intangible Assets [Line Items] | ' | ' |
Intangible assets with finite lives: Gross | 32,498 | 30,095 |
Intangible assets with finite lives: Accumulated Amortization | -14,185 | -13,615 |
Intangible assets with finite lives: Net | 18,313 | 16,480 |
Weighted average useful life | '5 years | ' |
Internally Developed Software [Member] | ' | ' |
Finite And Indefinite Lived Intangible Assets [Line Items] | ' | ' |
Intangible assets with finite lives: Gross | 17,847 | 18,097 |
Intangible assets with finite lives: Accumulated Amortization | -13,223 | -12,863 |
Intangible assets with finite lives: Net | 4,624 | 5,234 |
Customer Relationships [Member] | ' | ' |
Finite And Indefinite Lived Intangible Assets [Line Items] | ' | ' |
Intangible assets with finite lives: Gross | 99,966 | 95,793 |
Intangible assets with finite lives: Accumulated Amortization | -24,089 | -18,283 |
Intangible assets with finite lives: Net | 75,877 | 77,510 |
Weighted average useful life | '5 years | ' |
Non-Compete Agreements [Member] | ' | ' |
Finite And Indefinite Lived Intangible Assets [Line Items] | ' | ' |
Intangible assets with finite lives: Gross | 20,445 | 16,848 |
Intangible assets with finite lives: Accumulated Amortization | -7,635 | -6,666 |
Intangible assets with finite lives: Net | 12,810 | 10,182 |
Weighted average useful life | '3 years | ' |
Trade Names [Member] | ' | ' |
Finite And Indefinite Lived Intangible Assets [Line Items] | ' | ' |
Intangible assets with finite lives: Gross | 10,627 | 9,302 |
Intangible assets with finite lives: Accumulated Amortization | -2,834 | -2,211 |
Intangible assets with finite lives: Net | 7,793 | 7,091 |
Weighted average useful life | '3 years | ' |
Other [Member] | ' | ' |
Finite And Indefinite Lived Intangible Assets [Line Items] | ' | ' |
Intangible assets with finite lives: Gross | 18,637 | 11,598 |
Intangible assets with finite lives: Accumulated Amortization | -4,819 | -4,081 |
Intangible assets with finite lives: Net | $13,818 | $7,517 |
Weighted average useful life | '2 years | ' |
Minimum [Member] | ' | ' |
Finite And Indefinite Lived Intangible Assets [Line Items] | ' | ' |
Intangible assets, useful life | '1 year | ' |
Minimum [Member] | Patent Costs [Member] | ' | ' |
Finite And Indefinite Lived Intangible Assets [Line Items] | ' | ' |
Intangible assets, useful life | '6 years | ' |
Minimum [Member] | Acquired Technology [Member] | ' | ' |
Finite And Indefinite Lived Intangible Assets [Line Items] | ' | ' |
Intangible assets, useful life | '5 years | ' |
Minimum [Member] | Customer Relationships [Member] | ' | ' |
Finite And Indefinite Lived Intangible Assets [Line Items] | ' | ' |
Intangible assets, useful life | '5 years | ' |
Minimum [Member] | Non-Compete Agreements [Member] | ' | ' |
Finite And Indefinite Lived Intangible Assets [Line Items] | ' | ' |
Intangible assets, useful life | '3 years | ' |
Minimum [Member] | Trade Names [Member] | ' | ' |
Finite And Indefinite Lived Intangible Assets [Line Items] | ' | ' |
Intangible assets, useful life | '2 years | ' |
Minimum [Member] | Other [Member] | ' | ' |
Finite And Indefinite Lived Intangible Assets [Line Items] | ' | ' |
Intangible assets, useful life | '1 year | ' |
Maximum [Member] | ' | ' |
Finite And Indefinite Lived Intangible Assets [Line Items] | ' | ' |
Intangible assets, useful life | '13 years | ' |
Maximum [Member] | Patent Costs [Member] | ' | ' |
Finite And Indefinite Lived Intangible Assets [Line Items] | ' | ' |
Intangible assets, useful life | '7 years | ' |
Maximum [Member] | Acquired Technology [Member] | ' | ' |
Finite And Indefinite Lived Intangible Assets [Line Items] | ' | ' |
Intangible assets, useful life | '10 years | ' |
Maximum [Member] | Internally Developed Software [Member] | ' | ' |
Finite And Indefinite Lived Intangible Assets [Line Items] | ' | ' |
Weighted average useful life | '1 year | ' |
Maximum [Member] | Customer Relationships [Member] | ' | ' |
Finite And Indefinite Lived Intangible Assets [Line Items] | ' | ' |
Intangible assets, useful life | '13 years | ' |
Maximum [Member] | Non-Compete Agreements [Member] | ' | ' |
Finite And Indefinite Lived Intangible Assets [Line Items] | ' | ' |
Intangible assets, useful life | '11 years | ' |
Maximum [Member] | Trade Names [Member] | ' | ' |
Finite And Indefinite Lived Intangible Assets [Line Items] | ' | ' |
Intangible assets, useful life | '10 years | ' |
Maximum [Member] | Other [Member] | ' | ' |
Finite And Indefinite Lived Intangible Assets [Line Items] | ' | ' |
Intangible assets, useful life | '7 years | ' |
Accrued_And_Other_Liabilities_1
Accrued And Other Liabilities (Schedule Of Accrued Liabilities) (Details) (USD $) | Mar. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Current Accrued Liabilities [Line Items] | ' | ' |
Compensation and benefits | $16,944 | $13,197 |
Vendor accruals | 5,591 | 5,449 |
Accrued professional fees | 363 | 493 |
Accrued taxes | 4,990 | 1,834 |
Royalties payable | 783 | 750 |
Accrued interest | 248 | 73 |
Accrued other | 552 | 762 |
Total | 35,356 | 28,430 |
Other Current Liabilities [Member] | ' | ' |
Current Accrued Liabilities [Line Items] | ' | ' |
Earnouts and deferred payments related to acquisitions | $5,885 | $5,872 |
Accrued_And_Other_Liabilities_2
Accrued And Other Liabilities (Schedule Of Other Liabilities) (Details) (USD $) | Mar. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Noncurrent Accrued Liabilities [Line Items] | ' | ' |
Defined benefit pension obligation | $5,864 | $5,861 |
Long-term tax liability | 90 | 90 |
Long-term deferred revenue | 5,453 | 4,218 |
Other long-term liabilities | 642 | 826 |
Total | 20,679 | 15,201 |
Other Noncurrent Liabilities [Member] | ' | ' |
Noncurrent Accrued Liabilities [Line Items] | ' | ' |
Earnouts related to acquisitions | $8,630 | $4,206 |
Hedging_Activities_And_Financi1
Hedging Activities And Financial Instruments (Narrative) (Details) (USD $) | 3 Months Ended | ||
In Thousands, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 | Dec. 31, 2013 |
Hedging Activities And Financial Instruments [Abstract] | ' | ' | ' |
Foreign currency gain (loss) | ($205) | ($965) | ' |
Foreign currency derivative contracts | $0 | ' | $0 |
Borrowings_Narrative_Details
Borrowings (Narrative) (Details) (USD $) | 1 Months Ended | 3 Months Ended | |
In Thousands, except Share data, unless otherwise specified | Nov. 30, 2011 | Mar. 31, 2014 | Mar. 31, 2013 |
item | |||
Borrowings [Abstract] | ' | ' | ' |
Principal amount of convertible notes | $152,000 | ' | ' |
Interest rate | 5.50% | ' | ' |
Debt instrument periodic payment | 'payable in cash semi-annually on June 15 and December 15 of each year | ' | ' |
Converted number of common stock shares | ' | 69.9032 | ' |
Conversion ratio per $1 of principal | ' | 1 | ' |
Convertible note, conversion rate per share | ' | $14.31 | ' |
Amount of notes converted | ' | 0 | 42,060 |
Number shares that the notes are convertible | ' | 876,000 | ' |
Debt maturity date | ' | 15-Dec-16 | ' |
Notes issued with an effective yield | ' | 5.96% | ' |
Original issue discount | ' | 98.00% | ' |
Convertible notes capitalized costs | ' | 6,634 | ' |
Proceeds from issuance of notes | ' | $145,366 | ' |
Redeemable convertible securities maximum, shares | ' | 1,118,000 | ' |
Redeemable convertible securities price per share | ' | $11.22 | ' |
Borrowings_Summary_Of_Principa
Borrowings (Summary Of Principal Amounts And Related Unamortized Discount On Convertible Notes) (Details) (USD $) | Mar. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Borrowings [Abstract] | ' | ' |
Principal amount of convertible notes | $12,540 | $12,540 |
Unamortized discount on convertible notes | -1,040 | -1,124 |
Net carrying value | $11,500 | $11,416 |
StockBased_Compensation_Plans_1
Stock-Based Compensation Plans (Narrative) (Details) | 3 Months Ended | 12 Months Ended | 3 Months Ended | |||
In Thousands, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2014 | Mar. 31, 2013 |
2004 Incentive Stock Plan [Member] | 2004 Incentive Stock Plan [Member] | 2004 Restricted Stock Plan For Non Employee Directors [Member] | 2004 Restricted Stock Plan For Non Employee Directors [Member] | Executive Officer [Member] | Executive Officer [Member] | |
2004 Incentive Stock Plan [Member] | 2004 Incentive Stock Plan [Member] | |||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' | ' | ' |
Restricted stock awards granted | 233 | 228 | 0 | 0 | 30 | 24 |
Restricted stock awards remaining to grant | 114 | ' | ' | ' | ' | ' |
StockBased_Compensation_Plans_2
Stock-Based Compensation Plans (Schedule Of Stock-Based Compensation) (Details) (Restricted Stock Awards [Member], USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 |
Restricted Stock Awards [Member] | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' |
Share based compensation expense | $7,276 | $2,221 |
StockBased_Compensation_Plans_3
Stock-Based Compensation Plans (Schedule Of Restricted Stock Units Award Activity) (Details) (2004 Incentive Stock Plan [Member], USD $) | 3 Months Ended | |
In Thousands, except Per Share data, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 |
2004 Incentive Stock Plan [Member] | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' |
Restricted stock awards granted | 233 | 228 |
Restricted stock awards granted, weighted average exercise price | $80.82 | $36.47 |
International_Retirement_Plan_1
International Retirement Plan (Components Of Net Periodic Benefit Costs And Other Amounts Recognized In Other Comprehensive Income) (Details) (International Retirement Plan [Member], USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 |
International Retirement Plan [Member] | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' |
Service cost | $45 | $23 |
Interest cost | 62 | 49 |
Total | $107 | $72 |
Earnings_Per_Share_Narrative_D
Earnings Per Share (Narrative) (Details) (USD $) | 3 Months Ended | |
In Thousands, except Per Share data, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 |
Earnings Per Share, Basic And Diluted [Abstract] | ' | ' |
Average common shares for basic and diluted earnings per share | 103,546 | 91,822 |
Earnings per share, basic and diluted | $0.05 | $0.06 |
Earnings_Per_Share_Schedule_Of
Earnings Per Share (Schedule Of Earnings Per Share Reconciliation) (Details) (USD $) | 3 Months Ended | ||||
In Thousands, except Per Share data, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 | Nov. 30, 2011 | ||
Earnings Per Share, Basic And Diluted [Abstract] | ' | ' | ' | ||
Net income attributable to 3D Systems - numerator for basic net earnings per share | $4,877 | $5,883 | ' | ||
Numerator for dilutive earnings per share | 4,877 | 5,883 | ' | ||
Weighted average shares - denominator for basic net earnings per share | 103,546 | 91,822 | ' | ||
Denominator for dilutive net earnings per share | 103,546 | 91,822 | ' | ||
Earnings per share, basic and diluted | $0.05 | $0.06 | ' | ||
Interest expense excluded from diluted earnings per share calculation | $156 | [1] | $977 | [1] | ' |
5.5% Convertible notes shares excluded from diluted earnings per share calculation | 876 | [1] | 3,379 | [1] | ' |
Interest rate | ' | ' | 5.50% | ||
[1] | Average outstanding diluted earnings per share calculation excludes shares that may be issued upon conversion of the outstanding senior convertible notes since the effect of their inclusion would have been anti-dilutive. |
Fair_Value_Measurements_Narrat
Fair Value Measurements (Narrative) (Details) (USD $) | 3 Months Ended | 12 Months Ended |
In Thousands, unless otherwise specified | Mar. 31, 2014 | Dec. 31, 2013 |
Fair Value Measurements [Abstract] | ' | ' |
Fair value assets transferred from level 1 to level 2 | $0 | ' |
Fair value of liabilities transferred from level 1 to level 2 | 0 | ' |
Carrying value of senior convertible notes | 11,500 | 11,416 |
Estimated fair value of senior convertible notes | 12,242 | 12,035 |
Asset impairments | $0 | $0 |
Fair_Value_Measurements_Summar
Fair Value Measurements (Summary Of Assets And Liabilities Measured At Fair Value On Recurring Basis) (Details) (USD $) | Mar. 31, 2014 | |
In Thousands, unless otherwise specified | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | |
Cash equivalents | $212,948 | [1] |
Level 1 [Member] | ' | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | |
Cash equivalents | $212,948 | [1] |
[1] | Cash equivalents include funds held in money market instruments and are reported at their current carrying value, which approximates fair value due to the short-term nature of these instruments and are included in cash and cash equivalents in the consolidated balance sheet. |
Income_Taxes_Details
Income Taxes (Details) (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 |
Income Taxes [Line Items] | ' | ' |
Effective tax rate | 42.00% | 21.10% |
Adjustment of valuation allowance (reverse) | $571 | ' |
U.S. Federal Income Tax [Member] | Minimum [Member] | ' | ' |
Income Taxes [Line Items] | ' | ' |
Tax years subject to examination | '2010 | ' |
U.S. Federal Income Tax [Member] | Maximum [Member] | ' | ' |
Income Taxes [Line Items] | ' | ' |
Tax years subject to examination | '2013 | ' |
France Tax Authority [Member] | ' | ' |
Income Taxes [Line Items] | ' | ' |
Tax years subject to examination | '2011 | ' |
German Tax Authority [Member] | ' | ' |
Income Taxes [Line Items] | ' | ' |
Tax years subject to examination | '2011 | ' |
Japan Tax Authority [Member] | ' | ' |
Income Taxes [Line Items] | ' | ' |
Tax years subject to examination | '2007 | ' |
Italy Tax Authority [Member] | ' | ' |
Income Taxes [Line Items] | ' | ' |
Tax years subject to examination | '2009 | ' |
Switzerland Tax Authority [Member] | ' | ' |
Income Taxes [Line Items] | ' | ' |
Tax years subject to examination | '2008 | ' |
United Kingdom Tax Authority [Member] | ' | ' |
Income Taxes [Line Items] | ' | ' |
Tax years subject to examination | '2009 | ' |
Netherlands Tax Authority [Member] | ' | ' |
Income Taxes [Line Items] | ' | ' |
Tax years subject to examination | '2007 | ' |
Australia Tax Authority [Member] | ' | ' |
Income Taxes [Line Items] | ' | ' |
Tax years subject to examination | '2009 | ' |
Korea Tax Authority [Member] | ' | ' |
Income Taxes [Line Items] | ' | ' |
Tax years subject to examination | '2008 | ' |
India Tax Authority [Member] | ' | ' |
Income Taxes [Line Items] | ' | ' |
Tax years subject to examination | '2012 | ' |
China Tax Authority [Member] | ' | ' |
Income Taxes [Line Items] | ' | ' |
Tax years subject to examination | '2013 | ' |
Segment_Information_Schedule_O
Segment Information (Schedule Of Revenue From Unaffiliated Customers By Geographic Area) (Details) (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 |
segment | ||
Segment Reporting Information [Line Items] | ' | ' |
Number of reportable segments | 1 | ' |
Revenue from unaffiliated customers | $147,758 | $102,079 |
United States [Member] | ' | ' |
Segment Reporting Information [Line Items] | ' | ' |
Revenue from unaffiliated customers | 68,032 | 57,153 |
Germany [Member] | ' | ' |
Segment Reporting Information [Line Items] | ' | ' |
Revenue from unaffiliated customers | 23,825 | 11,911 |
Other Europe [Member] | ' | ' |
Segment Reporting Information [Line Items] | ' | ' |
Revenue from unaffiliated customers | 23,739 | 16,669 |
Asia Pacific [Member] | ' | ' |
Segment Reporting Information [Line Items] | ' | ' |
Revenue from unaffiliated customers | $32,162 | $16,346 |
Segment_Information_Schedule_O1
Segment Information (Schedule Of Revenue From Unaffiliated Customers By Product) (Details) (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 |
Segment Reporting Information [Line Items] | ' | ' |
Revenue | $147,758 | $102,079 |
Printers And Other Products [Member] | ' | ' |
Segment Reporting Information [Line Items] | ' | ' |
Revenue | 60,753 | 39,723 |
Materials [Member] | ' | ' |
Segment Reporting Information [Line Items] | ' | ' |
Revenue | 40,441 | 28,729 |
Services [Member] | ' | ' |
Segment Reporting Information [Line Items] | ' | ' |
Revenue | $46,564 | $33,627 |
Segment_Information_Schedule_O2
Segment Information (Schedule Of Intercompany Sales By Geographic Area) (Details) (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 |
Segment Reporting Information [Line Items] | ' | ' |
Intercompany Sales | $33,541 | $17,671 |
United States [Member] | ' | ' |
Segment Reporting Information [Line Items] | ' | ' |
Intercompany Sales | 18,230 | 10,511 |
Germany [Member] | ' | ' |
Segment Reporting Information [Line Items] | ' | ' |
Intercompany Sales | 1,887 | 1,677 |
Other Europe [Member] | ' | ' |
Segment Reporting Information [Line Items] | ' | ' |
Intercompany Sales | 12,260 | 4,323 |
Asia Pacific [Member] | ' | ' |
Segment Reporting Information [Line Items] | ' | ' |
Intercompany Sales | 1,164 | 1,160 |
Intercompany Sales To United States [Member] | ' | ' |
Segment Reporting Information [Line Items] | ' | ' |
Intercompany Sales | 10,934 | 4,774 |
Intercompany Sales To United States [Member] | Germany [Member] | ' | ' |
Segment Reporting Information [Line Items] | ' | ' |
Intercompany Sales | 409 | 318 |
Intercompany Sales To United States [Member] | Other Europe [Member] | ' | ' |
Segment Reporting Information [Line Items] | ' | ' |
Intercompany Sales | 10,043 | 3,931 |
Intercompany Sales To United States [Member] | Asia Pacific [Member] | ' | ' |
Segment Reporting Information [Line Items] | ' | ' |
Intercompany Sales | 482 | 525 |
Intercompany Sales To Germany [Member] | ' | ' |
Segment Reporting Information [Line Items] | ' | ' |
Intercompany Sales | 12,267 | 6,446 |
Intercompany Sales To Germany [Member] | United States [Member] | ' | ' |
Segment Reporting Information [Line Items] | ' | ' |
Intercompany Sales | 10,937 | 5,783 |
Intercompany Sales To Germany [Member] | Other Europe [Member] | ' | ' |
Segment Reporting Information [Line Items] | ' | ' |
Intercompany Sales | 1,330 | 283 |
Intercompany Sales To Germany [Member] | Asia Pacific [Member] | ' | ' |
Segment Reporting Information [Line Items] | ' | ' |
Intercompany Sales | ' | 380 |
Intercompany Sales To Other Europe [Member] | ' | ' |
Segment Reporting Information [Line Items] | ' | ' |
Intercompany Sales | 6,757 | 5,041 |
Intercompany Sales To Other Europe [Member] | United States [Member] | ' | ' |
Segment Reporting Information [Line Items] | ' | ' |
Intercompany Sales | 4,947 | 3,604 |
Intercompany Sales To Other Europe [Member] | Germany [Member] | ' | ' |
Segment Reporting Information [Line Items] | ' | ' |
Intercompany Sales | 1,478 | 1,359 |
Intercompany Sales To Other Europe [Member] | Other Europe [Member] | ' | ' |
Segment Reporting Information [Line Items] | ' | ' |
Intercompany Sales | 332 | 78 |
Intercompany Sales To Asia Pacific [Member] | ' | ' |
Segment Reporting Information [Line Items] | ' | ' |
Intercompany Sales | 3,583 | 1,410 |
Intercompany Sales To Asia Pacific [Member] | United States [Member] | ' | ' |
Segment Reporting Information [Line Items] | ' | ' |
Intercompany Sales | 2,346 | 1,124 |
Intercompany Sales To Asia Pacific [Member] | Other Europe [Member] | ' | ' |
Segment Reporting Information [Line Items] | ' | ' |
Intercompany Sales | 555 | 31 |
Intercompany Sales To Asia Pacific [Member] | Asia Pacific [Member] | ' | ' |
Segment Reporting Information [Line Items] | ' | ' |
Intercompany Sales | $682 | $255 |
Segment_Information_Schedule_O3
Segment Information (Schedule Of Income Or Loss From Operations By Geographic Area) (Details) (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 |
Segment Reporting Information [Line Items] | ' | ' |
Income (loss) from operations | $9,517 | $17,519 |
Subtotal [Member] | ' | ' |
Segment Reporting Information [Line Items] | ' | ' |
Income (loss) from operations | 9,635 | 18,013 |
Inter-Segment Elimination [Member] | ' | ' |
Segment Reporting Information [Line Items] | ' | ' |
Income (loss) from operations | -118 | -494 |
United States [Member] | ' | ' |
Segment Reporting Information [Line Items] | ' | ' |
Income (loss) from operations | -2,030 | 11,269 |
Germany [Member] | ' | ' |
Segment Reporting Information [Line Items] | ' | ' |
Income (loss) from operations | 197 | 661 |
Other Europe [Member] | ' | ' |
Segment Reporting Information [Line Items] | ' | ' |
Income (loss) from operations | 2,401 | 1,766 |
Asia Pacific [Member] | ' | ' |
Segment Reporting Information [Line Items] | ' | ' |
Income (loss) from operations | $9,067 | $4,317 |
Segment_Information_Schedule_O4
Segment Information (Schedule Of Assets By Geographic Area) (Details) (USD $) | Mar. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Segment Reporting Information [Line Items] | ' | ' |
Assets | $1,130,057 | $1,097,856 |
United States [Member] | ' | ' |
Segment Reporting Information [Line Items] | ' | ' |
Assets | 892,707 | 870,208 |
Germany [Member] | ' | ' |
Segment Reporting Information [Line Items] | ' | ' |
Assets | 49,204 | 38,685 |
Other Europe [Member] | ' | ' |
Segment Reporting Information [Line Items] | ' | ' |
Assets | 119,554 | 120,562 |
Asia Pacific [Member] | ' | ' |
Segment Reporting Information [Line Items] | ' | ' |
Assets | $68,592 | $68,401 |
Segment_Information_Schedule_O5
Segment Information (Schedule Of Cash And Cash Equivalents By Geographic Area) (Details) (USD $) | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||||
Segment Reporting Information [Line Items] | ' | ' | ' | ' |
Cash and cash equivalents | $306,704 | $306,316 | $110,543 | $155,859 |
United States [Member] | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' |
Cash and cash equivalents | 284,108 | 286,377 | ' | ' |
Germany [Member] | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' |
Cash and cash equivalents | 5,534 | 3,441 | ' | ' |
Other Europe [Member] | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' |
Cash and cash equivalents | 8,992 | 8,915 | ' | ' |
Asia Pacific [Member] | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' |
Cash and cash equivalents | $8,070 | $7,583 | ' | ' |
Commitments_And_Contingencies_
Commitments And Contingencies (Details) (USD $) | 3 Months Ended | 3 Months Ended | 3 Months Ended | 1 Months Ended | ||||
In Thousands, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 | Dec. 31, 2013 | Mar. 31, 2014 | Jan. 31, 2013 | Mar. 31, 2014 | Mar. 31, 2014 | Apr. 30, 2014 |
DSM Desotech [Member] | DSM Desotech [Member] | Formlabs, Inc. and Kickstarter, Inc. [Member] | Formlabs, Inc. [Member] | Subsequent Event [Member] | ||||
item | item | item | item | DSM Desotech [Member] | ||||
item | ||||||||
Commitments And Contingencies [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' |
Rent expense under operating leases | $2,311 | $1,378 | ' | ' | ' | ' | ' | ' |
Supply commitments, printer assembly | 61,021 | ' | 41,091 | ' | ' | ' | ' | ' |
Business acquisition, deferred purchase price | 4,500 | ' | 4,500 | ' | ' | ' | ' | ' |
Accrued liability recorded for earnouts | $10,015 | ' | $5,578 | ' | ' | ' | ' | ' |
Number of granted summary judgements by the court | ' | ' | ' | ' | 7 | ' | ' | ' |
Patents allegedly infringed | ' | ' | ' | 2 | ' | 1 | 8 | ' |
Number of count dismissed | ' | ' | ' | ' | ' | ' | ' | 7 |
Accumulated_Other_Comprehensiv2
Accumulated Other Comprehensive Income (Loss) (Details) (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ' | ' |
Beginning Balance, AOCI | $5,789 | ' |
Other comprehensive income (loss) | 6 | ' |
Net other comprehensive income (loss) | 6 | -3,232 |
Ending Balance, AOCI | 5,795 | ' |
Foreign Currency Translation Adjustments [Member] | ' | ' |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ' | ' |
Beginning Balance, AOCI | 6,692 | ' |
Other comprehensive income (loss) | -13 | ' |
Ending Balance, AOCI | 6,679 | ' |
Defined Benefit Pension Plan [Member] | ' | ' |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ' | ' |
Beginning Balance, AOCI | -1,076 | ' |
Other comprehensive income (loss) | 19 | ' |
Ending Balance, AOCI | -1,057 | ' |
Liquidation Of Non-US Entity [Member] | ' | ' |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ' | ' |
Beginning Balance, AOCI | 173 | ' |
Other comprehensive income (loss) | ' | ' |
Ending Balance, AOCI | $173 | ' |
Noncontrolling_Interest_Detail
Noncontrolling Interest (Details) (Phenix Systems [Member]) | Mar. 31, 2014 |
Phenix Systems [Member] | ' |
Business Acquisition [Line Items] | ' |
Business acquisition, ownership percentage | 95.00% |
Subsequent_Event_Details
Subsequent Event (Details) (Subsequent Event [Member]) | 3 Months Ended | |
Mar. 31, 2014 | Apr. 16, 2014 | |
Medical Modeling Inc. [Member] | ' | ' |
Subsequent Event [Line Items] | ' | ' |
Date of acquisition | 2-Apr-14 | ' |
Robtec [Member] | ' | ' |
Subsequent Event [Line Items] | ' | ' |
Date of acquisition agreement | 16-Apr-14 | ' |
Business acquisition, ownership percentage | ' | 70.00% |