Document_and_Entity_Informatio
Document and Entity Information | 9 Months Ended | |
Sep. 30, 2013 | Oct. 25, 2013 | |
Document And Entity Information [Abstract] | ' | ' |
Document Type | '10-Q | ' |
Amendment Flag | 'false | ' |
Document Period End Date | 30-Sep-13 | ' |
Document Fiscal Year Focus | '2013 | ' |
Document Fiscal Period Focus | 'Q3 | ' |
Trading Symbol | 'SMSI | ' |
Entity Registrant Name | 'SMITH MICRO SOFTWARE INC | ' |
Entity Central Index Key | '0000948708 | ' |
Current Fiscal Year End Date | '--12-31 | ' |
Entity Filer Category | 'Accelerated Filer | ' |
Entity Common Stock, Shares Outstanding | ' | 37,033,458 |
Consolidated_Balance_Sheets
Consolidated Balance Sheets (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Current assets: | ' | ' |
Cash and cash equivalents | $10,863 | $18,873 |
Short-term investments | 7,196 | 13,328 |
Accounts receivable, net of allowances for doubtful accounts and other adjustments of $447 (2013) and $482 (2012) | 7,015 | 8,953 |
Income tax receivable | 680 | 681 |
Inventories, net of reserves for excess and obsolete inventory of $357 (2013) and $352 (2012) | 162 | 176 |
Prepaid expenses and other current assets | 1,196 | 903 |
Deferred tax asset | 89 | 89 |
Total current assets | 27,201 | 43,003 |
Equipment and improvements, net | 7,910 | 11,211 |
Other assets | 223 | 181 |
Total assets | 35,334 | 54,395 |
Current liabilities: | ' | ' |
Accounts payable | 2,396 | 1,978 |
Accrued liabilities | 9,850 | 4,829 |
Deferred revenue | 2,029 | 1,436 |
Total current liabilities | 14,275 | 8,243 |
Non-current liabilities: | ' | ' |
Deferred rent and other long-term liabilities | 2,051 | 3,399 |
Deferred tax liability | 91 | 91 |
Total non-current liabilities | 2,142 | 3,490 |
Commitments and contingencies | ' | ' |
Stockholders' equity: | ' | ' |
Preferred stock, par value $0.001 per share; 5,000,000 shares authorized; none issued or outstanding | ' | ' |
Common stock, par value $0.001 per share; 100,000,000 shares authorized; 37,033,458 and 35,873,418 shares issued and outstanding at September 30, 2013 and December 31, 2012, respectively | 37 | 36 |
Additional paid-in capital | 213,866 | 211,165 |
Accumulated comprehensive deficit | -194,986 | -168,539 |
Total stockholders' equity | 18,917 | 42,662 |
Total liabilities and stockholders' equity | $35,334 | $54,395 |
Consolidated_Balance_Sheets_Pa
Consolidated Balance Sheets (Parenthetical) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, except Share data, unless otherwise specified | ||
Statement Of Financial Position [Abstract] | ' | ' |
Allowances for doubtful accounts receivable | $447 | $482 |
Reserves for excess and obsolete inventory | $357 | $352 |
Preferred stock, par value | $0.00 | $0.00 |
Preferred stock, shares authorized | 5,000,000 | 5,000,000 |
Preferred stock, shares issued | ' | ' |
Preferred stock, shares outstanding | ' | ' |
Common stock, par value | $0.00 | $0.00 |
Common stock, shares authorized | 100,000,000 | 100,000,000 |
Common stock, shares issued | 37,033,458 | 35,873,418 |
Common stock, shares outstanding | 37,033,458 | 35,873,418 |
Consolidated_Statements_of_Com
Consolidated Statements of Comprehensive Loss (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, except Per Share data, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Income Statement [Abstract] | ' | ' | ' | ' |
Revenues | $8,746 | $11,012 | $30,832 | $31,297 |
Cost of revenues | 2,492 | 2,120 | 7,337 | 6,111 |
Gross profit | 6,254 | 8,892 | 23,495 | 25,186 |
Operating expenses: | ' | ' | ' | ' |
Selling and marketing | 3,705 | 4,062 | 12,655 | 12,608 |
Research and development | 5,355 | 5,845 | 17,191 | 19,122 |
General and administrative | 4,572 | 5,011 | 14,376 | 15,664 |
Restructuring expense (income) | 5,602 | -19 | 5,602 | 238 |
Total operating expenses | 19,234 | 14,899 | 49,824 | 47,632 |
Operating loss | -12,980 | -6,007 | -26,329 | -22,446 |
Non-operating income: | ' | ' | ' | ' |
Change in fair value of contingent liability | ' | 1,210 | ' | 1,210 |
Interest and other income, net | 7 | 30 | 27 | 84 |
Loss before provision for income taxes | -12,973 | -4,767 | -26,302 | -21,152 |
Provision for income tax expense | 76 | 46 | 149 | 168 |
Net loss | -13,049 | -4,813 | -26,451 | -21,320 |
Other comprehensive income, before tax: | ' | ' | ' | ' |
Unrealized holding gains on available-for-sale securities | 3 | 8 | 4 | 45 |
Income tax expense related to items of other comprehensive income | ' | ' | ' | 6 |
Other comprehensive income, net of tax | 3 | 8 | 4 | 39 |
Comprehensive loss | ($13,046) | ($4,805) | ($26,447) | ($21,281) |
Net loss per share: | ' | ' | ' | ' |
Basic and diluted | ($0.35) | ($0.13) | ($0.72) | ($0.59) |
Weighted average shares outstanding: | ' | ' | ' | ' |
Basic and diluted | 37,036 | 35,879 | 36,967 | 35,838 |
Consolidated_Statement_of_Stoc
Consolidated Statement of Stockholders' Equity (USD $) | Total | Common stock [Member] | Additional paid-in capital [Member] | Accumulated comprehensive deficit [Member] |
In Thousands | ||||
BALANCE at Dec. 31, 2012 | $42,662 | $36 | $211,165 | ($168,539) |
BALANCE, Shares at Dec. 31, 2012 | ' | 35,873 | ' | ' |
Non-cash compensation recognized on stock options and ESPP | 133 | ' | 133 | ' |
Restricted stock grants, net of cancellations | 2,614 | 1 | 2,613 | ' |
Restricted stock grants, net of cancellations, shares | ' | 1,186 | ' | ' |
Cancellation of shares for payment of withholding tax | -81 | ' | -81 | ' |
Cancellation of shares for payment of withholding tax, shares | ' | -64 | ' | ' |
Employee stock purchase plan (ESPP) | 36 | ' | 36 | ' |
Employee stock purchase plan (ESPP), shares | ' | 38 | ' | ' |
Comprehensive loss | -26,447 | ' | ' | -26,447 |
BALANCE at Sep. 30, 2013 | $18,917 | $37 | $213,866 | ($194,986) |
BALANCE, Shares at Sep. 30, 2013 | ' | 37,033 | ' | ' |
Consolidated_Statements_of_Cas
Consolidated Statements of Cash Flows (USD $) | 9 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 |
Operating activities: | ' | ' |
Net loss | ($26,451) | ($21,320) |
Adjustments to reconcile net loss to net cash used in operating activities: | ' | ' |
Depreciation and amortization | 3,110 | 3,321 |
Long-lived assets write-off due to restructuring | 1,011 | ' |
Change in fair value of contingent liability | ' | -1,210 |
Loss on disposal of equipment and improvements | ' | 161 |
Provision for doubtful accounts and other adjustments to accounts receivable | 459 | 578 |
Provision for excess and obsolete inventory | 62 | 41 |
Non-cash compensation related to stock options, ESPP and restricted stock | 2,747 | 3,052 |
Change in operating accounts: | ' | ' |
Accounts receivable | 1,479 | -1,395 |
Income tax receivable | 1 | 750 |
Inventories | -48 | 44 |
Prepaid expenses and other assets | -335 | -159 |
Accounts payable and accrued liabilities | 4,603 | -1,881 |
Net cash used in operating activities | -13,362 | -18,018 |
Investing activities: | ' | ' |
Capital expenditures | -820 | -277 |
Sales of short-term investments | 6,136 | 21,564 |
Net cash provided by investing activities | 5,316 | 21,287 |
Financing activities: | ' | ' |
Cash received from stock sale for employee stock purchase plan | 36 | 66 |
Cash received from exercise of stock options | ' | 16 |
Repurchase of common stock | ' | -753 |
Net cash provided by (used in) financing activities | 36 | -671 |
Net increase (decrease) in cash and cash equivalents | -8,010 | 2,598 |
Cash and cash equivalents, beginning of period | 18,873 | 7,475 |
Cash and cash equivalents, end of period | 10,863 | 10,073 |
Supplemental disclosures of cash flow information: | ' | ' |
Cash paid for income taxes | $163 | $199 |
The_Company
The Company | 9 Months Ended |
Sep. 30, 2013 | |
Organization Consolidation And Presentation Of Financial Statements [Abstract] | ' |
The Company | ' |
1. The Company | |
Smith Micro Software, Inc. (“we,” “us,” “our,” “Smith Micro,” or the “Company”) provides software and services that simplify, secure and enhance the mobile experience. The Company’s portfolio of wireless solutions includes a wide range of client and server applications that manage voice, data, video and connectivity over mobile broadband networks. Our primary customers are the world’s leading mobile network operators, chipset and mobile device manufacturers and enterprise businesses. In addition to our wireless and mobility software, Smith Micro offers personal productivity and graphics products distributed through a variety of consumer channels worldwide. |
Basis_of_Presentation
Basis of Presentation | 9 Months Ended |
Sep. 30, 2013 | |
Organization Consolidation And Presentation Of Financial Statements [Abstract] | ' |
Basis of Presentation | ' |
2. Basis of Presentation | |
The accompanying interim consolidated balance sheet and statement of stockholders’ equity as of September 30, 2013, and the related statements of comprehensive loss for the three and nine months ended September 30, 2013 and 2012 and the related statements of cash flows for the nine months ended September 30, 2013 and 2012 are unaudited. The unaudited consolidated financial statements have been prepared according to the rules and regulations of the Securities and Exchange Commission (“SEC”) and, therefore, certain information and disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States have been omitted. | |
In the opinion of management, the accompanying unaudited consolidated financial statements for the periods presented reflect all adjustments, which are normal and recurring, necessary to fairly state the financial position, results of operations and cash flows. These unaudited consolidated financial statements should be read in conjunction with the audited financial statements included in our Annual Report on Form 10-K for the fiscal year ended December 31, 2012 filed with the SEC on February 20, 2013. | |
Intercompany balances and transactions have been eliminated in consolidation. | |
Operating results for the three and nine months ended September 30, 2013 are not necessarily indicative of the results that may be expected for any other interim period or for the fiscal year ending December 31, 2013. |
Net_Income_Loss_Per_Share
Net Income (Loss) Per Share | 9 Months Ended | ||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||
Earnings Per Share [Abstract] | ' | ||||||||||||||||||
Net Income (Loss) Per Share | ' | ||||||||||||||||||
3. Net Income (Loss) Per Share | |||||||||||||||||||
The Company calculates earnings per share (“EPS”) as required by Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic No. 260, Earnings Per Share. Basic EPS is calculated by dividing the net income available to common stockholders by the weighted average number of common shares outstanding for the period, excluding common stock equivalents. Diluted EPS is computed by dividing the net income available to common stockholders by the weighted average number of common shares outstanding for the period plus the weighted average number of dilutive common stock equivalents outstanding for the period determined using the treasury-stock method. For periods with a net loss, the dilutive common stock equivalents are excluded from the diluted EPS calculation. For purposes of this calculation, common stock subject to repurchase by the Company and options are considered to be common stock equivalents and are only included in the calculation of diluted earnings per share when their effect is dilutive. | |||||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||||
(unaudited, in thousands, except per share amounts) | |||||||||||||||||||
Numerator: | |||||||||||||||||||
Net loss available to common stockholders | $ | (13,049) | $ | (4,813) | $ | (26,451) | $ | (21,320) | |||||||||||
Denominator: | |||||||||||||||||||
Weighted average shares outstanding - basic | 37,036 | 35,879 | 36,967 | 35,838 | |||||||||||||||
Potential common shares - options (treasury stock method) | - | - | - | - | |||||||||||||||
Weighted average shares outstanding - diluted | 37,036 | 35,879 | 36,967 | 35,838 | |||||||||||||||
Shares excluded (anti-dilutive) | - | - | 3 | 3 | |||||||||||||||
Shares excluded due to an exercise price greater than weighted average stock price for the period | 2,271 | 1,453 | 2,261 | 1,453 | |||||||||||||||
Net loss per common share: | |||||||||||||||||||
Basic | ($0.35) | ($0.13) | ($0.72) | ($0.59) | |||||||||||||||
Diluted | ($0.35) | ($0.13) | ($0.72) | ($0.59) | |||||||||||||||
StockBased_Compensation
Stock-Based Compensation | 9 Months Ended | ||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract] | ' | ||||||||||||||||||
Stock-Based Compensation | ' | ||||||||||||||||||
4. Stock-Based Compensation | |||||||||||||||||||
Stock Plans | |||||||||||||||||||
During the nine months ended September 30, 2013, the Company granted 1.5 million shares of restricted stock and options to purchase 120,000 shares of common stock with weighted average grant date fair values of $1.70 and $0.63 per share, respectively. This cost will be amortized ratably over a period of 12 to 48 months. | |||||||||||||||||||
As of September 30, 2013, there were 1.9 million shares available for future grants under the 2005 Stock Plan. | |||||||||||||||||||
Employee Stock Purchase Plan | |||||||||||||||||||
The Company’s most recent six-month offering period ended September 30, 2013 and resulted in 19,000 shares being purchased/granted at a fair value of $0.44 per share. | |||||||||||||||||||
Stock Compensation | |||||||||||||||||||
The Company accounts for all stock-based payment awards made to employees and directors based on their fair values and recognized as compensation expense over the vesting period using the straight-line method over the requisite service period for each award as required by FASB ASC Topic No. 718, Compensation-Stock Compensation. Restricted stock is valued using the closing stock price on the date of the grant. Options are valued using a Black-Scholes valuation model. | |||||||||||||||||||
Stock-based non-cash compensation expenses related to stock options, restricted stock grants and the employee stock purchase plan were recorded in the financial statements as follows (in thousands): | |||||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||||
(unaudited) | (unaudited) | ||||||||||||||||||
Cost of revenues | $ | 6 | $ | 3 | $ | 17 | $ | 9 | |||||||||||
Selling and marketing | 138 | 212 | 698 | 651 | |||||||||||||||
Research and development | 205 | 187 | 622 | 568 | |||||||||||||||
General and administrative | 472 | 496 | 1,410 | 1,818 | |||||||||||||||
Restructuring expense | - | - | - | 6 | |||||||||||||||
Total non-cash stock compensation expense | $ | 821 | $ | 898 | $ | 2,747 | $ | 3,052 | |||||||||||
Total share-based compensation for each quarter includes cash payment of income taxes related to grants of restricted stock was de minimis and $0.1 million for the three months ended September 30, 2013 and 2012, respectively. The cash payment of income taxes related to grants of restricted stock totaled $0.3 million for both of the nine months ended September 30, 2013 and 2012. |
Fair_Value_of_Financial_Instru
Fair Value of Financial Instruments | 9 Months Ended | |||
Sep. 30, 2013 | ||||
Fair Value Disclosures [Abstract] | ' | |||
Fair Value of Financial Instruments | ' | |||
5. Fair Value of Financial Instruments | ||||
The Company measures and discloses fair value measurements as required by FASB ASC Topic No. 820, Fair Value Measurements and Disclosures. | ||||
The carrying value of accounts receivable, foreign cash accounts, prepaid expenses, other current assets, accounts payable, and accrued expenses are considered to be representative of their respective fair values because of the short-term nature of those instruments. | ||||
Fair value is an exit price, representing the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. As such, fair value is a market-based measurement that is determined based on assumptions that market participants would use in pricing an asset or a liability. As a basis for considering such assumptions, the FASB establishes a three-tier value hierarchy, which prioritizes the inputs used in the valuation methodologies in measuring fair value: | ||||
• | Level 1 - Observable inputs that reflect quoted prices (unadjusted) for identical assets or liabilities in active markets. | |||
• | Level 2 - Include other inputs that are directly or indirectly observable in the marketplace. | |||
• | Level 3 - Unobservable inputs which are supported by little or no market activity. | |||
The fair value hierarchy also requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. | ||||
As required by FASB ASC Topic No. 820, we measure our cash equivalents and short-term investments at fair value. Our cash equivalents and short-term investments are classified within Level 1 by using quoted market prices utilizing market observable inputs. | ||||
As required by FASB ASC Topic No. 825, Financial Instruments, an entity can choose to measure at fair value many financial instruments and certain other items that are not currently required to be measured at fair value. Subsequent changes in fair value for designated items are required to be reported in earnings in the current period. This Topic also establishes presentation and disclosure requirements for similar types of assets and liabilities measured at fair value. As permitted, the Company has elected not to use the fair value option to measure our available-for-sale securities under this Topic and will continue to report as required by FASB ASC Topic No. 320, Investments-Debt and Equity Securities. We have made this election because the nature of our financial assets and liabilities are not of such complexity that they would benefit from a change in valuation to fair value. |
Cash_and_Cash_Equivalents
Cash and Cash Equivalents | 9 Months Ended |
Sep. 30, 2013 | |
Cash And Cash Equivalents [Abstract] | ' |
Cash and Cash Equivalents | ' |
6. Cash and Cash Equivalents | |
Cash and cash equivalents generally consist of cash, government securities, mutual funds, and money market funds. These securities are primarily held in two financial institutions and are uninsured except for the minimum Federal Deposit Insurance Corporation (“FDIC”) coverage, and have original maturity dates of three months or less. As of September 30, 2013 and December 31, 2012, bank balances totaling approximately $10.7 million and $9.1 million, respectively, were uninsured. |
ShortTerm_Investments
Short-Term Investments | 9 Months Ended | ||||||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||||||
Investments Debt And Equity Securities [Abstract] | ' | ||||||||||||||||||||||||
Short-Term Investments | ' | ||||||||||||||||||||||||
7. Short-Term Investments | |||||||||||||||||||||||||
Short-term investments consist of U.S. government agency and government sponsored enterprise obligations. The Company accounts for these short-term investments as required by FASB ASC Topic No. 320, Investments-Debt and Equity Securities. These debt and equity securities are not classified as either held-to-maturity securities or trading securities. As such, they are classified as available-for-sale securities. Available-for-sale securities are recorded at fair value, with unrealized gains or losses recorded as a separate component of accumulated other comprehensive income in stockholders’ equity until realized. Available-for-sale securities with contractual maturities of less than 12 months were as follows (in thousands): | |||||||||||||||||||||||||
September 30, 2013 | December 31, 2012 | ||||||||||||||||||||||||
Amortized | Gross unrealized | Amortized | Gross unrealized | ||||||||||||||||||||||
cost basis | gain(loss) | Fair value | cost basis | gain(loss) | Fair value | ||||||||||||||||||||
Corporate notes, bonds and paper | $ | - | $ | - | $ | - | $ | 9,091 | $ | (7 | ) | $ | 9,084 | ||||||||||||
Government securities/money market | 7,200 | (4 | ) | 7,196 | 4,245 | (1 | ) | 4,244 | |||||||||||||||||
Total | $ | 7,200 | $ | (4 | ) | $ | 7,196 | $ | 13,336 | $ | (8 | ) | $ | 13,328 | |||||||||||
Realized gains were zero for the three and nine months ended September 30, 2013 and de minimis for the three and nine months ended September 30, 2012. |
Accounts_Receivable
Accounts Receivable | 9 Months Ended |
Sep. 30, 2013 | |
Receivables [Abstract] | ' |
Accounts Receivable | ' |
8. Accounts Receivable | |
The Company performs ongoing credit evaluations of its customers and generally does not require collateral. The Company maintains reserves for estimated credit losses, and those losses have been within management’s estimates. Allowances for product returns are included in other adjustments to accounts receivable on the accompanying consolidated balance sheets. Product returns are estimated based on historical experience and management estimations. |
Inventories
Inventories | 9 Months Ended |
Sep. 30, 2013 | |
Inventory Disclosure [Abstract] | ' |
Inventories | ' |
9. Inventories | |
Inventories consist principally of compact disks (“CDs”), boxes and manuals and are stated at the lower of cost (determined by the first-in, first-out method) or market. The Company regularly reviews its inventory quantities on hand and records a provision for excess and obsolete inventory based primarily on management’s forecast of product demand and production requirements. At September 30, 2013, our net inventory balance consisted of approximately $0.1 million of components and $0.1 million of finished goods. |
Equipment_and_Improvements
Equipment and Improvements | 9 Months Ended |
Sep. 30, 2013 | |
Property Plant And Equipment [Abstract] | ' |
Equipment and Improvements | ' |
10. Equipment and Improvements | |
Equipment and improvements are stated at cost. Depreciation is computed using the straight-line method based on the estimated useful lives of the assets, generally ranging from three to seven years. Leasehold improvements are amortized using the straight-line method over the shorter of the estimated useful life of the asset or the lease term. | |
During the period ended September 30, 2013, we wrote off $1.0 million of the net book value of equipment and improvements, primarily leasehold improvements, associated with our Restructuring Plan (see Note 15). |
Segment_Customer_Concentration
Segment, Customer Concentration and Geographical Information | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Segment Reporting [Abstract] | ' | ||||||||||||||||
Segment, Customer Concentration and Geographical Information | ' | ||||||||||||||||
11. Segment, Customer Concentration and Geographical Information | |||||||||||||||||
Segment Information | |||||||||||||||||
Public companies are required to report financial and descriptive information about their reportable operating segments as required by FASB ASC Topic No. 280, Segment Reporting. The Company has two primary business units based on how management internally evaluates separate financial information, business activities and management responsibility. Wireless includes our QuickLink®, NetWise™ and CommSuite® family of products. Productivity & Graphics includes our consumer-based products: Poser®, Anime Studio®, Manga Studio™, MotionArtist™ and StuffIt®. | |||||||||||||||||
The Company does not separately allocate operating expenses to these business units, nor does it allocate specific assets. Therefore, business unit information reported includes only revenues. | |||||||||||||||||
The following table shows the revenues generated by each business unit (in thousands): | |||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||
(unaudited) | (unaudited) | ||||||||||||||||
Wireless | $ | 7,243 | $ | 9,601 | $ | 25,989 | $ | 27,016 | |||||||||
Productivity & Graphics | 1,503 | 1,411 | 4,843 | 4,281 | |||||||||||||
Total revenues | $ | 8,746 | $ | 11,012 | $ | 30,832 | $ | 31,297 | |||||||||
Customer Concentration Information | |||||||||||||||||
A summary of the Company’s customers that represent 10% or more of the Company’s net revenues is as follows: | |||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||
Wireless: | |||||||||||||||||
Sprint (& affiliates) | 61.5% | 46.1% | 55.6% | 39.6% | |||||||||||||
Verizon Wireless (& affiliates) | 9.8% | 19.4% | 14.9% | 20.2% | |||||||||||||
Productivity & Graphics: | |||||||||||||||||
FastSpring | 13.6% | 7.1% | 11.9% | 5.1% | |||||||||||||
The three customers listed above comprised 88% and 73% of our accounts receivable as of September 30, 2013 and 2012, respectively. | |||||||||||||||||
Geographical Information | |||||||||||||||||
During the three and nine months ended September 30, 2013 and 2012, the Company operated in three geographic locations; the Americas, EMEA (Europe, the Middle East, and Africa) and Asia Pacific. Revenues, attributed to the geographic location of the customer’s bill-to address, were as follows (in thousands): | |||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||
(unaudited) | (unaudited) | ||||||||||||||||
Americas | $ | 8,318 | $ | 9,863 | $ | 29,340 | $ | 26,855 | |||||||||
EMEA | 166 | 780 | 788 | 2,218 | |||||||||||||
Asia Pacific | 262 | 369 | 704 | 2,224 | |||||||||||||
Total Revenues | $ | 8,746 | $ | 11,012 | $ | 30,832 | $ | 31,297 | |||||||||
The Company does not separately allocate specific assets to these geographic locations. |
Recent_Accounting_Pronouncemen
Recent Accounting Pronouncements | 9 Months Ended |
Sep. 30, 2013 | |
Accounting Changes And Error Corrections [Abstract] | ' |
Recent Accounting Pronouncements | ' |
12. Recent Accounting Pronouncements | |
In July 2013, the FASB issued Accounting Standards Update (“ASU”) No. 2013-11, Income Taxes (Topic 740). The amendments in this Update provide guidance on the financial statement presentation of an unrecognized tax benefit when a net operating loss carryforward, similar tax loss, or tax credit carryforward exists. An unrecognized tax benefit, or a portion of an unrecognized tax benefit, should be presented in the financial statements as a reduction to a deferred tax asset for a net operating loss carryforward, a similar tax loss, or a tax credit carryforward. The Company is already in compliance with this guidance. | |
In February 2013, the FASB issued Accounting Standards Update (“ASU”) No. 2013-02, Other Comprehensive Income (Topic 220). The amendments in this Update supersede and replace the presentation requirements for reclassifications out of accumulated other comprehensive income in ASUs 2011-05 (issued in June 2011) and 2011-12 (issued in December 2011) for all public and private organizations. The amendments require an entity to provide additional information about reclassifications out of accumulated other comprehensive income. The Company has implemented this guidance. |
Commitments_and_Contingencies
Commitments and Contingencies | 9 Months Ended | ||||||
Sep. 30, 2013 | |||||||
Commitments And Contingencies Disclosure [Abstract] | ' | ||||||
Commitments and Contingencies | ' | ||||||
13. Commitments and Contingencies | |||||||
Leases | |||||||
The Company leases its buildings under operating leases that expire on various dates through 2022. Future minimum annual lease payments under such leases as of September 30, 2013 are as follows (in thousands): | |||||||
Year Ending December 31, | Operating | ||||||
2013-3 months | $ 640 | ||||||
2014 | 2,589 | ||||||
2015 | 2,424 | ||||||
2016 | 2,128 | ||||||
2017 | 1,789 | ||||||
2018 | 1,727 | ||||||
Beyond | 4,588 | ||||||
Total | $ 15,885 | ||||||
As of September 30, 2013, $6.7 million of the remaining lease commitments expense has been accrued as part of the 2013 Restructuring Plan, partially offset by future estimated sublease income of $4.8 million. | |||||||
Rent expense under operating leases for the three months ended September 30, 2013 and 2012 was $0.6 million and $0.8 million, respectively. Rent expense under operating leases for the nine months ended September 30, 2013 and 2012 was $1.8 million and $2.1 million, respectively. | |||||||
As a condition of our Pittsburgh lease that was signed in November 2010, the landlord agreed to incentives of $40.00 per square foot, or a total of $2.2 million, for improvements to the space. These costs have been included in deferred rent in our long-term liabilities and are being amortized over the ten year lease term. | |||||||
Pennsylvania Opportunity Grant Program | |||||||
On September 26, 2011, we received $1.0 million from the State of Pennsylvania to help fund our agreement to start-up a new facility. The grant carries with it an obligation, or commitment, to employ at least 232 people within a three-year time period that ends on December 31, 2013. This grant contains conditions that would require us to return a pro-rata amount of the monies received if we fail to meet these conditions. As such, the monies have been recorded as a liability in the accrued liabilities line item on the balance sheet until we are irrevocably entitled to retain the monies. | |||||||
Litigation | |||||||
The Company is and may become involved in various legal proceedings arising from its business activities. While management does not believe the ultimate disposition of these matters will have a material adverse impact on the Company’s consolidated results of operations, cash flows or financial position, litigation is inherently unpredictable, and depending on the nature and timing of these proceedings, an unfavorable resolution could materially affect the Company’s future consolidated results of operations, cash flows or financial position in a particular period. | |||||||
Other Contingent Contractual Obligations | |||||||
During our normal course of business, we have made certain indemnities, commitments and guarantees under which we may be required to make payments in relation to certain transactions. These include: intellectual property indemnities to our customers and licensees in connection with the use, sale and/or license of our products; indemnities to various lessors in connection with facility leases for certain claims arising from such facility or lease; indemnities to vendors and service providers pertaining to claims based on the negligence or willful misconduct; indemnities involving the accuracy of representations and warranties in certain contracts; and indemnities to directors and officers of the Company to the maximum extent permitted under the laws of the State of Delaware. We may also issue a guarantee in the form of a standby letter of credit as security for contingent liabilities under certain customer contracts. The duration of these indemnities, commitments and guarantees varies, and in certain cases, may be indefinite. The majority of these indemnities, commitments and guarantees may not provide for any limitation of the maximum potential for future payments we could be obligated to make. We have not recorded any liability for these indemnities, commitments and guarantees in the accompanying consolidated balance sheets. |
Income_Taxes
Income Taxes | 9 Months Ended |
Sep. 30, 2013 | |
Income Tax Disclosure [Abstract] | ' |
Income Taxes | ' |
14. Income Taxes | |
We account for income taxes as required by FASB ASC Topic No. 740, Income Taxes. This Topic clarifies the accounting for uncertainty in income taxes recognized in an enterprise’s financial statements and prescribes a recognition threshold and measurement process for financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. The Topic also provides guidance on de-recognition, classification, interest and penalties, accounting in interim periods, disclosure and transition. The Topic requires an entity to recognize the financial statement impact of a tax position when it is more likely than not that the position will be sustained upon examination. The amount recognized is measured as the largest amount of benefit that is greater than fifty percent likely of being realized upon ultimate settlement. In addition, the Topic permits an entity to recognize interest and penalties related to tax uncertainties either as income tax expense or operating expenses. The Company has chosen to recognize interest and penalties related to tax uncertainties as operating expense. | |
The Company assesses whether a valuation allowance should be recorded against its deferred tax assets based on the consideration of all available evidence, using a “more likely than not” realization standard. The four sources of taxable income that must be considered in determining whether deferred tax assets will be realized are: (1) future reversals of existing taxable temporary differences (i.e., offset of gross deferred tax assets against gross deferred tax liabilities); (2) taxable income in prior carryback years, if carryback is permitted under the applicable tax law; (3) tax planning strategies and (4) future taxable income exclusive of reversing temporary differences and carryforwards. | |
In assessing whether a valuation allowance is required, significant weight is to be given to evidence that can be objectively verified. A significant factor in the Company’s assessment is that the Company was in a four-year historical cumulative loss as of the end of December 31, 2012. This fact, combined with uncertain near-term market and economic conditions, reduced the Company’s ability to rely on projections of future taxable income in assessing the realizability of its deferred tax assets. | |
After a review of the four sources of taxable income as of December 31, 2012 (as described above), and after consideration of the Company’s four-year cumulative loss position as of December 31, 2012, the Company has recorded valuation allowances related to its U.S.-based deferred tax amounts, with a corresponding charge to income tax expense, of $60.5 million as of December 31, 2012. | |
In April 2013, the Internal Revenue Service began its examination of the Company’s U.S. Federal tax return for the years ended December 31, 2009, 2010 and 2011. | |
We may from time to time be assessed interest or penalties by major tax jurisdictions, although any such assessments historically have been minimal and immaterial to our financial results. It is the Company’s policy to classify any interest and/or penalties in the financial statements as a component of general and administrative expense. |
Restructuring_Expenses
Restructuring Expenses | 9 Months Ended | ||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||
Restructuring And Related Activities [Abstract] | ' | ||||||||||||||||||||
Restructuring Expenses | ' | ||||||||||||||||||||
15. Restructuring Expenses | |||||||||||||||||||||
2013 Restructuring | |||||||||||||||||||||
On July 25, 2013, the Board of Directors approved a plan of restructuring intended to bring the Company’s operating expenses better in line with revenues. The restructuring plan involved a realignment of organizational structures, facility consolidations/closures and headcount reductions of approximately 26% of the Company’s worldwide workforce. The restructuring plan was implemented primarily during the three month period ended September 30, 2013 and should result in annualized savings of approximately $14.0 million. | |||||||||||||||||||||
The restructuring plan resulted in special charges totaling $5.6 million recorded during the three month period ended September 30, 2013. These charges were for lease/rental terminations of $3.2 million, severance costs for affected employees of $1.2 million, equipment and improvements write-offs as a result of our lease/rental terminations of $1.0 million and other related costs of $0.2 million. All are cash expenditures except for the equipment and improvements write-offs. It is estimated that approximately $1.7 million of cash expenditures will be paid out in 2013, and the remaining cash expenditures will be paid in future years. | |||||||||||||||||||||
The $138,000 positive usage for lease/rental terminations was a result of reversing the deferred rent liability associated with the various lease terminations. | |||||||||||||||||||||
The following is the activity in our restructuring liability account which is included in the accrued liabilities line item on the balance sheet for the period ended September 30, 2013 (in thousands): | |||||||||||||||||||||
December 31, 2012 | September 30, 2013 | ||||||||||||||||||||
Balance | Provision-net | Usage | Balance | ||||||||||||||||||
One-time employee termination benefits | $ | - | $ | 1,211 | $ | (647 | ) | $ | 564 | ||||||||||||
Lease/rental terminations | - | 3,201 | 138 | 3,339 | |||||||||||||||||
Fixed asset write-offs, transition travel, other | - | 1,190 | (1,142 | ) | 48 | ||||||||||||||||
Total | $ | - | $ | 5,602 | $ | (1,651 | ) | $ | 3,951 | ||||||||||||
2012 Restructuring | |||||||||||||||||||||
In February 2012, we undertook a restructuring that included a 7% reduction of headcount and other cost reductions that resulted in annualized savings of approximately $7.0 million. One-time employee termination and other costs resulted in restructuring expenses of $0.2 million net recorded in the nine month period ended September 30, 2012. | |||||||||||||||||||||
The following is the activity in our restructuring liability account which is included in the accrued liabilities line item on the balance sheet for the period ended September 30, 2013 (in thousands): | |||||||||||||||||||||
December 31, 2012 | September 30, 2013 | ||||||||||||||||||||
Balance | Provision-net | Usage | Reclass | Balance | |||||||||||||||||
One-time employee termination benefits | $ | 8 | $ | - | $ | - | $ | (4 | ) | $ | 4 | ||||||||||
Lease/rental terminations | - | - | - | - | - | ||||||||||||||||
Relocation, move, other expenses | - | - | (4 | ) | 4 | - | |||||||||||||||
Total | $ | 8 | $ | - | $ | (4 | ) | $ | - | $ | 4 | ||||||||||
The remaining balance in the restructuring reserve is estimated to be used by the end of the fiscal year ending December 31, 2013. |
Stock_Repurchase_Program
Stock Repurchase Program | 9 Months Ended |
Sep. 30, 2013 | |
Equity [Abstract] | ' |
Stock Repurchase Program | ' |
16. Stock Repurchase Program | |
In November 2011, the Company announced that its Board of Directors had approved a program authorizing the repurchase of up to five million shares of the Company’s common stock over a period of up to two years. Under this program, stock repurchases may be made from time to time and the actual amount expended will depend on a variety of factors including market conditions, regulatory and legal requirements, corporate cash generation and other factors. The stock repurchases may be made in both open market and privately negotiated transactions, and may include the use of Rule 10b5-1 trading plans. The program does not obligate Smith Micro to repurchase any particular amount of common stock during any period and the program may be modified or suspended at any time at the Company’s discretion. The Company did not repurchase any shares during the nine month period ended September 30, 2013. During the nine month period ended September 30, 2012, we repurchased 375,000 shares at a cost of $0.8 million. |
Subsequent_Events
Subsequent Events | 9 Months Ended |
Sep. 30, 2013 | |
Subsequent Events [Abstract] | ' |
Subsequent Events | ' |
17. Subsequent Events | |
The Company evaluates and discloses subsequent events as required by ASC Topic No. 855, Subsequent Events. The Topic establishes general standards of accounting for and disclosure of events that occur after the balance sheet date but before the financial statements are issued or are available to be issued. Subsequent events have been evaluated as of the date of this filing and no further disclosures were required other than the following: | |
NASDAQ Letter | |
On November 7, 2013, we received a notice from The NASDAQ Stock Market LLC stating that the minimum bid price of our common stock had been below $1.00 per share for 30 consecutive business days and that the Company was therefore not in compliance with the minimum bid price requirement for continued listing set forth in Marketplace Rule 5550(a)(2). The notification letter states that we will be afforded 180 calendar days, or until May 6, 2014, to regain compliance with the minimum bid price requirement. To regain compliance, the closing bid price of our common stock must meet or exceed $1.00 per share for at least ten consecutive business days. NASDAQ may, in its discretion, require our common stock to maintain a bid price of at least $1.00 per share for a period in excess of ten consecutive business days, but generally no more than 20 consecutive business days, before determining that the Company has demonstrated an ability to maintain long-term compliance. | |
If we do not regain compliance by May 6, 2014, but meet the continued listing requirement for market value of publicly held shares and all other applicable standards for initial listing on the NASDAQ Capital Market (with the exception of the minimum bid price requirement), the Company may be eligible for an additional 180-day compliance period. Unless NASDAQ determines that it does not appear possible for the Company to cure the deficiency, we will be granted the additional 180-day compliance period if we notify NASDAQ of our intent to come into compliance with the minimum bid price requirement. If the Company is not eligible for the additional 180-day compliance period, NASDAQ will provide written notice that our securities will be delisted. At that time, we may appeal the delisting determination to an independent Hearings Panel authorized by the NASDAQ Board of Directors. | |
We intend to continue actively monitoring the bid price for our common stock between now and May 6, 2014, and will consider available options to resolve the deficiency and regain compliance with the NASDAQ minimum bid price requirement. There is no assurance, however, that the Company will pursue efforts to continue to be listed, that the Company will be eligible for an additional compliance period or that our common stock will not be delisted. |
Net_Income_Loss_Per_Share_Poli
Net Income (Loss) Per Share (Policies) | 9 Months Ended | |||
Sep. 30, 2013 | ||||
Accounting Policies [Abstract] | ' | |||
Earnings Per Share | ' | |||
The Company calculates earnings per share (“EPS”) as required by Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic No. 260, Earnings Per Share. Basic EPS is calculated by dividing the net income available to common stockholders by the weighted average number of common shares outstanding for the period, excluding common stock equivalents. Diluted EPS is computed by dividing the net income available to common stockholders by the weighted average number of common shares outstanding for the period plus the weighted average number of dilutive common stock equivalents outstanding for the period determined using the treasury-stock method. For periods with a net loss, the dilutive common stock equivalents are excluded from the diluted EPS calculation. For purposes of this calculation, common stock subject to repurchase by the Company and options are considered to be common stock equivalents and are only included in the calculation of diluted earnings per share when their effect is dilutive. | ||||
Compensation-Stock Compensation | ' | |||
Stock Compensation | ||||
The Company accounts for all stock-based payment awards made to employees and directors based on their fair values and recognized as compensation expense over the vesting period using the straight-line method over the requisite service period for each award as required by FASB ASC Topic No. 718, Compensation-Stock Compensation. | ||||
Fair Value Measurements and Disclosures | ' | |||
The Company measures and discloses fair value measurements as required by FASB ASC Topic No. 820, Fair Value Measurements and Disclosures. | ||||
The carrying value of accounts receivable, foreign cash accounts, prepaid expenses, other current assets, accounts payable, and accrued expenses are considered to be representative of their respective fair values because of the short-term nature of those instruments. | ||||
Fair value is an exit price, representing the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. As such, fair value is a market-based measurement that is determined based on assumptions that market participants would use in pricing an asset or a liability. As a basis for considering such assumptions, the FASB establishes a three-tier value hierarchy, which prioritizes the inputs used in the valuation methodologies in measuring fair value: | ||||
• | Level 1 - Observable inputs that reflect quoted prices (unadjusted) for identical assets or liabilities in active markets. | |||
• | Level 2 - Include other inputs that are directly or indirectly observable in the marketplace. | |||
• | Level 3 - Unobservable inputs which are supported by little or no market activity. | |||
The fair value hierarchy also requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. | ||||
As required by FASB ASC Topic No. 820, we measure our cash equivalents and short-term investments at fair value. Our cash equivalents and short-term investments are classified within Level 1 by using quoted market prices utilizing market observable inputs. | ||||
As required by FASB ASC Topic No. 825, Financial Instruments, an entity can choose to measure at fair value many financial instruments and certain other items that are not currently required to be measured at fair value. Subsequent changes in fair value for designated items are required to be reported in earnings in the current period. This Topic also establishes presentation and disclosure requirements for similar types of assets and liabilities measured at fair value. As permitted, the Company has elected not to use the fair value option to measure our available-for-sale securities under this Topic and will continue to report as required by FASB ASC Topic No. 320, Investments-Debt and Equity Securities. We have made this election because the nature of our financial assets and liabilities are not of such complexity that they would benefit from a change in valuation to fair value. | ||||
Investments-Debt and Equity Securities | ' | |||
Short-term investments consist of U.S. government agency and government sponsored enterprise obligations. The Company accounts for these short-term investments as required by FASB ASC Topic No. 320, Investments-Debt and Equity Securities. These debt and equity securities are not classified as either held-to-maturity securities or trading securities. As such, they are classified as available-for-sale securities. Available-for-sale securities are recorded at fair value, with unrealized gains or losses recorded as a separate component of accumulated other comprehensive income in stockholders’ equity until realized. | ||||
Segment Reporting | ' | |||
Segment Information | ||||
Public companies are required to report financial and descriptive information about their reportable operating segments as required by FASB ASC Topic No. 280, Segment Reporting. The Company has two primary business units based on how management internally evaluates separate financial information, business activities and management responsibility. Wireless includes our QuickLink®, NetWise™ and CommSuite® family of products. Productivity & Graphics includes our consumer-based products: Poser®, Anime Studio®, Manga Studio™, MotionArtist™ and StuffIt®. | ||||
The Company does not separately allocate operating expenses to these business units, nor does it allocate specific assets. Therefore, business unit information reported includes only revenues. | ||||
Unrecognized Tax Benefit | ' | |||
In July 2013, the FASB issued Accounting Standards Update (“ASU”) No. 2013-11, Income Taxes (Topic 740). The amendments in this Update provide guidance on the financial statement presentation of an unrecognized tax benefit when a net operating loss carryforward, similar tax loss, or tax credit carryforward exists. An unrecognized tax benefit, or a portion of an unrecognized tax benefit, should be presented in the financial statements as a reduction to a deferred tax asset for a net operating loss carryforward, a similar tax loss, or a tax credit carryforward. The Company is already in compliance with this guidance. | ||||
Other Comprehensive Income | ' | |||
In February 2013, the FASB issued Accounting Standards Update (“ASU”) No. 2013-02, Other Comprehensive Income (Topic 220). The amendments in this Update supersede and replace the presentation requirements for reclassifications out of accumulated other comprehensive income in ASUs 2011-05 (issued in June 2011) and 2011-12 (issued in December 2011) for all public and private organizations. The amendments require an entity to provide additional information about reclassifications out of accumulated other comprehensive income. The Company has implemented this guidance. | ||||
Income Taxes | ' | |||
We account for income taxes as required by FASB ASC Topic No. 740, Income Taxes. This Topic clarifies the accounting for uncertainty in income taxes recognized in an enterprise’s financial statements and prescribes a recognition threshold and measurement process for financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. The Topic also provides guidance on de-recognition, classification, interest and penalties, accounting in interim periods, disclosure and transition. The Topic requires an entity to recognize the financial statement impact of a tax position when it is more likely than not that the position will be sustained upon examination. The amount recognized is measured as the largest amount of benefit that is greater than fifty percent likely of being realized upon ultimate settlement. In addition, the Topic permits an entity to recognize interest and penalties related to tax uncertainties either as income tax expense or operating expenses. The Company has chosen to recognize interest and penalties related to tax uncertainties as operating expense. | ||||
The Company assesses whether a valuation allowance should be recorded against its deferred tax assets based on the consideration of all available evidence, using a “more likely than not” realization standard. The four sources of taxable income that must be considered in determining whether deferred tax assets will be realized are: (1) future reversals of existing taxable temporary differences (i.e., offset of gross deferred tax assets against gross deferred tax liabilities); (2) taxable income in prior carryback years, if carryback is permitted under the applicable tax law; (3) tax planning strategies and (4) future taxable income exclusive of reversing temporary differences and carryforwards. | ||||
In assessing whether a valuation allowance is required, significant weight is to be given to evidence that can be objectively verified. A significant factor in the Company’s assessment is that the Company was in a four-year historical cumulative loss as of the end of December 31, 2012. This fact, combined with uncertain near-term market and economic conditions, reduced the Company’s ability to rely on projections of future taxable income in assessing the realizability of its deferred tax assets. | ||||
Subsequent Events | ' | |||
The Company evaluates and discloses subsequent events as required by ASC Topic No. 855, Subsequent Events. The Topic establishes general standards of accounting for and disclosure of events that occur after the balance sheet date but before the financial statements are issued or are available to be issued. Subsequent events have been evaluated as of the date of this filing and no further disclosures were required other than the following: | ||||
NASDAQ Letter | ||||
On November 7, 2013, we received a notice from The NASDAQ Stock Market LLC stating that the minimum bid price of our common stock had been below $1.00 per share for 30 consecutive business days and that the Company was therefore not in compliance with the minimum bid price requirement for continued listing set forth in Marketplace Rule 5550(a)(2). The notification letter states that we will be afforded 180 calendar days, or until May 6, 2014, to regain compliance with the minimum bid price requirement. To regain compliance, the closing bid price of our common stock must meet or exceed $1.00 per share for at least ten consecutive business days. NASDAQ may, in its discretion, require our common stock to maintain a bid price of at least $1.00 per share for a period in excess of ten consecutive business days, but generally no more than 20 consecutive business days, before determining that the Company has demonstrated an ability to maintain long-term compliance. | ||||
If we do not regain compliance by May 6, 2014, but meet the continued listing requirement for market value of publicly held shares and all other applicable standards for initial listing on the NASDAQ Capital Market (with the exception of the minimum bid price requirement), the Company may be eligible for an additional 180-day compliance period. Unless NASDAQ determines that it does not appear possible for the Company to cure the deficiency, we will be granted the additional 180-day compliance period if we notify NASDAQ of our intent to come into compliance with the minimum bid price requirement. If the Company is not eligible for the additional 180-day compliance period, NASDAQ will provide written notice that our securities will be delisted. At that time, we may appeal the delisting determination to an independent Hearings Panel authorized by the NASDAQ Board of Directors. | ||||
We intend to continue actively monitoring the bid price for our common stock between now and May 6, 2014, and will consider available options to resolve the deficiency and regain compliance with the NASDAQ minimum bid price requirement. There is no assurance, however, that the Company will pursue efforts to continue to be listed, that the Company will be eligible for an additional compliance period or that our common stock will not be delisted. |
Net_Income_Loss_Per_Share_Tabl
Net Income (Loss) Per Share (Tables) | 9 Months Ended | ||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||
Earnings Per Share [Abstract] | ' | ||||||||||||||||||
Net Income (Loss) Per Share | ' | ||||||||||||||||||
For purposes of this calculation, common stock subject to repurchase by the Company and options are considered to be common stock equivalents and are only included in the calculation of diluted earnings per share when their effect is dilutive. | |||||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||||
(unaudited, in thousands, except per share amounts) | |||||||||||||||||||
Numerator: | |||||||||||||||||||
Net loss available to common stockholders | $ | (13,049) | $ | (4,813) | $ | (26,451) | $ | (21,320) | |||||||||||
Denominator: | |||||||||||||||||||
Weighted average shares outstanding - basic | 37,036 | 35,879 | 36,967 | 35,838 | |||||||||||||||
Potential common shares - options (treasury stock method) | - | - | - | - | |||||||||||||||
Weighted average shares outstanding - diluted | 37,036 | 35,879 | 36,967 | 35,838 | |||||||||||||||
Shares excluded (anti-dilutive) | - | - | 3 | 3 | |||||||||||||||
Shares excluded due to an exercise price greater than weighted average stock price for the period | 2,271 | 1,453 | 2,261 | 1,453 | |||||||||||||||
Net loss per common share: | |||||||||||||||||||
Basic | ($0.35) | ($0.13) | ($0.72) | ($0.59) | |||||||||||||||
Diluted | ($0.35) | ($0.13) | ($0.72) | ($0.59) | |||||||||||||||
StockBased_Compensation_Tables
Stock-Based Compensation (Tables) | 9 Months Ended | ||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract] | ' | ||||||||||||||||||
Stock-Based Non-Cash Compensation Expenses | ' | ||||||||||||||||||
Stock-based non-cash compensation expenses related to stock options, restricted stock grants and the employee stock purchase plan were recorded in the financial statements as follows (in thousands): | |||||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||||
(unaudited) | (unaudited) | ||||||||||||||||||
Cost of revenues | $ | 6 | $ | 3 | $ | 17 | $ | 9 | |||||||||||
Selling and marketing | 138 | 212 | 698 | 651 | |||||||||||||||
Research and development | 205 | 187 | 622 | 568 | |||||||||||||||
General and administrative | 472 | 496 | 1,410 | 1,818 | |||||||||||||||
Restructuring expense | - | - | - | 6 | |||||||||||||||
Total non-cash stock compensation expense | $ | 821 | $ | 898 | $ | 2,747 | $ | 3,052 | |||||||||||
ShortTerm_Investments_Tables
Short-Term Investments (Tables) | 9 Months Ended | ||||||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||||||
Investments Debt And Equity Securities [Abstract] | ' | ||||||||||||||||||||||||
Available-for-Sale Securities Recorded at Fair Value with Unrealized Gains or Losses | ' | ||||||||||||||||||||||||
Available-for-sale securities with contractual maturities of less than 12 months were as follows (in thousands): | |||||||||||||||||||||||||
September 30, 2013 | December 31, 2012 | ||||||||||||||||||||||||
Amortized | Gross unrealized | Amortized | Gross unrealized | ||||||||||||||||||||||
cost basis | gain(loss) | Fair value | cost basis | gain(loss) | Fair value | ||||||||||||||||||||
Corporate notes, bonds and paper | $ | - | $ | - | $ | - | $ | 9,091 | $ | (7 | ) | $ | 9,084 | ||||||||||||
Government securities/money market | 7,200 | (4 | ) | 7,196 | 4,245 | (1 | ) | 4,244 | |||||||||||||||||
Total | $ | 7,200 | $ | (4 | ) | $ | 7,196 | $ | 13,336 | $ | (8 | ) | $ | 13,328 | |||||||||||
Segment_Customer_Concentration1
Segment, Customer Concentration and Geographical Information (Tables) | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Segment Reporting [Abstract] | ' | ||||||||||||||||
Revenues Generated by Each Business Unit | ' | ||||||||||||||||
The following table shows the revenues generated by each business unit (in thousands): | |||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||
(unaudited) | (unaudited) | ||||||||||||||||
Wireless | $ | 7,243 | $ | 9,601 | $ | 25,989 | $ | 27,016 | |||||||||
Productivity & Graphics | 1,503 | 1,411 | 4,843 | 4,281 | |||||||||||||
Total revenues | $ | 8,746 | $ | 11,012 | $ | 30,832 | $ | 31,297 | |||||||||
Company's Customer that Represent 10% or more of Company's Net Revenues | ' | ||||||||||||||||
A summary of the Company’s customers that represent 10% or more of the Company’s net revenues is as follows: | |||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||
Wireless: | |||||||||||||||||
Sprint (& affiliates) | 61.5% | 46.1% | 55.6% | 39.6% | |||||||||||||
Verizon Wireless (& affiliates) | 9.8% | 19.4% | 14.9% | 20.2% | |||||||||||||
Productivity & Graphics: | |||||||||||||||||
FastSpring | 13.6% | 7.1% | 11.9% | 5.1% | |||||||||||||
Company Revenue in Different Geographic Locations | ' | ||||||||||||||||
Revenues, attributed to the geographic location of the customer’s bill-to address, were as follows (in thousands): | |||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||
(unaudited) | (unaudited) | ||||||||||||||||
Americas | $ | 8,318 | $ | 9,863 | $ | 29,340 | $ | 26,855 | |||||||||
EMEA | 166 | 780 | 788 | 2,218 | |||||||||||||
Asia Pacific | 262 | 369 | 704 | 2,224 | |||||||||||||
Total Revenues | $ | 8,746 | $ | 11,012 | $ | 30,832 | $ | 31,297 | |||||||||
Commitments_and_Contingencies_
Commitments and Contingencies (Tables) | 9 Months Ended | ||||||
Sep. 30, 2013 | |||||||
Commitments And Contingencies Disclosure [Abstract] | ' | ||||||
Company Lease of Buildings under Non-Cancellable Operating Leases | ' | ||||||
Future minimum annual lease payments under such leases as of September 30, 2013 are as follows (in thousands): | |||||||
Year Ending December 31, | Operating | ||||||
2013-3 months | $ 640 | ||||||
2014 | 2,589 | ||||||
2015 | 2,424 | ||||||
2016 | 2,128 | ||||||
2017 | 1,789 | ||||||
2018 | 1,727 | ||||||
Beyond | 4,588 | ||||||
Total | $ 15,885 | ||||||
Restructuring_Expenses_Tables
Restructuring Expenses (Tables) | 9 Months Ended | ||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||
Restructuring And Related Activities [Abstract] | ' | ||||||||||||||||||||
Activity in Restructuring Liability Account | ' | ||||||||||||||||||||
The following is the activity in our restructuring liability account which is included in the accrued liabilities line item on the balance sheet for the period ended September 30, 2013 (in thousands): | |||||||||||||||||||||
December 31, 2012 | September 30, 2013 | ||||||||||||||||||||
Balance | Provision-net | Usage | Balance | ||||||||||||||||||
One-time employee termination benefits | $ | - | $ | 1,211 | $ | (647 | ) | $ | 564 | ||||||||||||
Lease/rental terminations | - | 3,201 | 138 | 3,339 | |||||||||||||||||
Fixed asset write-offs, transition travel, other | - | 1,190 | (1,142 | ) | 48 | ||||||||||||||||
Total | $ | - | $ | 5,602 | $ | (1,651 | ) | $ | 3,951 | ||||||||||||
The following is the activity in our restructuring liability account which is included in the accrued liabilities line item on the balance sheet for the period ended September 30, 2013 (in thousands): | |||||||||||||||||||||
December 31, 2012 | September 30, 2013 | ||||||||||||||||||||
Balance | Provision-net | Usage | Reclass | Balance | |||||||||||||||||
One-time employee termination benefits | $ | 8 | $ | - | $ | - | $ | (4 | ) | $ | 4 | ||||||||||
Lease/rental terminations | - | - | - | - | - | ||||||||||||||||
Relocation, move, other expenses | - | - | (4 | ) | 4 | - | |||||||||||||||
Total | $ | 8 | $ | - | $ | (4 | ) | $ | - | $ | 4 | ||||||||||
Net_Income_Loss_Per_Share_Net_
Net Income (Loss) Per Share - Net Income (Loss) Per Share (Detail) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, except Per Share data, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Numerator: | ' | ' | ' | ' |
Net loss available to common stockholders | ($13,049) | ($4,813) | ($26,451) | ($21,320) |
Denominator: | ' | ' | ' | ' |
Weighted average shares outstanding - basic | 37,036 | 35,879 | 36,967 | 35,838 |
Potential common shares - options (treasury stock method) | ' | ' | ' | ' |
Weighted average shares outstanding - diluted | 37,036 | 35,879 | 36,967 | 35,838 |
Shares excluded (anti-dilutive) | ' | ' | 3 | 3 |
Shares excluded due to an exercise price greater than weighted average stock price for the period | 2,271 | 1,453 | 2,261 | 1,453 |
Net loss per common share: | ' | ' | ' | ' |
Basic | ($0.35) | ($0.13) | ($0.72) | ($0.59) |
Diluted | ($0.35) | ($0.13) | ($0.72) | ($0.59) |
StockBased_Compensation_Additi
Stock-Based Compensation - Additional Information (Detail) (USD $) | 3 Months Ended | 9 Months Ended | 6 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | ||||||||
In Thousands, except Share data, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Minimum [Member] | Maximum [Member] | Common stock [Member] | 2005 Stock Option [Member] | Employee Stock Purchase Plan [Member] | Stock options [Member] | Restricted stock [Member] | Restricted stock [Member] | Restricted stock [Member] | Restricted stock [Member] | |||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Stock options, granted | ' | ' | ' | ' | ' | ' | ' | ' | ' | 120,000 | ' | ' | ' | ' |
Restricted stock, granted | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,500,000 | ' |
Restricted stock, weighted average grant date fair value | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $1.70 | ' |
Stock options, weighted average grant date fair value | ' | ' | ' | ' | ' | ' | ' | ' | ' | $0.63 | ' | ' | ' | ' |
Restricted stock vesting period | ' | ' | ' | ' | '12 months | '48 months | ' | ' | ' | ' | ' | ' | ' | ' |
Number of shares available for future grants | ' | ' | ' | ' | ' | ' | ' | 1,900,000 | ' | ' | ' | ' | ' | ' |
Employee stock purchase plan (ESPP), shares | ' | ' | ' | ' | ' | ' | 19,000 | ' | ' | ' | ' | ' | ' | ' |
Shares purchased/granted at a fair value | ' | ' | ' | ' | ' | ' | ' | ' | $0.44 | ' | ' | ' | ' | ' |
Stock-based compensation | $821 | $898 | $2,747 | $3,052 | ' | ' | ' | ' | ' | ' | $100 | $100 | $300 | $300 |
StockBased_Compensation_StockB
Stock-Based Compensation - Stock-Based Non-Cash Compensation Expenses (Detail) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items] | ' | ' | ' | ' |
Stock-based compensation | $821 | $898 | $2,747 | $3,052 |
Cost of revenues [Member] | ' | ' | ' | ' |
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items] | ' | ' | ' | ' |
Stock-based compensation | 6 | 3 | 17 | 9 |
Selling and marketing [Member] | ' | ' | ' | ' |
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items] | ' | ' | ' | ' |
Stock-based compensation | 138 | 212 | 698 | 651 |
Research and development [Member] | ' | ' | ' | ' |
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items] | ' | ' | ' | ' |
Stock-based compensation | 205 | 187 | 622 | 568 |
General and administrative [Member] | ' | ' | ' | ' |
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items] | ' | ' | ' | ' |
Stock-based compensation | 472 | 496 | 1,410 | 1,818 |
Restructuring expense [Member] | ' | ' | ' | ' |
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items] | ' | ' | ' | ' |
Stock-based compensation | ' | ' | ' | $6 |
Cash_and_Cash_Equivalents_Addi
Cash and Cash Equivalents - Additional Information (Detail) (USD $) | 9 Months Ended | |
In Millions, unless otherwise specified | Sep. 30, 2013 | Dec. 31, 2012 |
Institution | ||
Cash And Cash Equivalents [Abstract] | ' | ' |
Financial institutions to held securities | 2 | ' |
Cash and cash equivalents original maturity dates | 'Three months or less | ' |
Bank balances | $10.70 | $9.10 |
ShortTerm_Investments_Availabl
Short-Term Investments - Available-for-Sale Securities Recorded at Fair Value with Unrealized Gains or Losses (Detail) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Amortized cost basis | $7,200 | $13,336 |
Gross unrealized gain (loss) | -4 | -8 |
Fair value | 7,196 | 13,328 |
Corporate notes, bonds and paper [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Amortized cost basis | ' | 9,091 |
Gross unrealized gain (loss) | ' | -7 |
Fair value | ' | 9,084 |
Government securities/money market [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Amortized cost basis | 7,200 | 4,245 |
Gross unrealized gain (loss) | -4 | -1 |
Fair value | $7,196 | $4,244 |
ShortTerm_Investments_Addition
Short-Term Investments - Additional Information (Detail) (USD $) | 3 Months Ended | 9 Months Ended |
Sep. 30, 2013 | Sep. 30, 2013 | |
Investments Debt And Equity Securities [Abstract] | ' | ' |
Available for sale securities realized gain | $0 | $0 |
Inventories_Additional_Informa
Inventories - Additional Information (Detail) (USD $) | 9 Months Ended |
In Millions, unless otherwise specified | Sep. 30, 2013 |
Inventory Disclosure [Abstract] | ' |
Inventory balance description | 'Our net inventory balance consisted of approximately $0.1 million of components and $0.1 million of finished goods. |
Inventory components products | $0.10 |
Inventory finished goods | $0.10 |
Equipment_and_Improvements_Add
Equipment and Improvements - Additional Information (Detail) (USD $) | 9 Months Ended |
In Millions, unless otherwise specified | Sep. 30, 2013 |
Property, Plant and Equipment [Line Items] | ' |
Leasehold improvements amortization description | 'Leasehold improvements are amortized using the straight-line method over the shorter of the estimated useful life of the asset or the lease term. |
Net book value of equipment and improvements written off | $1 |
Maximum [Member] | ' |
Property, Plant and Equipment [Line Items] | ' |
Estimated useful lives of the asset | '7 years |
Minimum [Member] | ' |
Property, Plant and Equipment [Line Items] | ' |
Estimated useful lives of the asset | '3 years |
Segment_Customer_Concentration2
Segment, Customer Concentration and Geographical Information - Additional Information (Detail) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | |
Location | Location | Customer | Location | |
Location | Customer | |||
Segment | ||||
Revenue, Major Customer [Line Items] | ' | ' | ' | ' |
Number of primary business units | ' | ' | 2 | ' |
Number of major customers | ' | ' | 3 | 3 |
Number of geographic location | 3 | 3 | 3 | 3 |
Customer Concentration Risk [Member] | Revenue [Member] | Minimum [Member] | ' | ' | ' | ' |
Revenue, Major Customer [Line Items] | ' | ' | ' | ' |
Percentage of concentration | ' | ' | 10.00% | ' |
Credit Concentration Risk [Member] | Accounts Receivable [Member] | Sprint, Verizon Wireless and Fast Spring [Member] | ' | ' | ' | ' |
Revenue, Major Customer [Line Items] | ' | ' | ' | ' |
Percentage of concentration | ' | ' | 88.00% | 73.00% |
Segment_Customer_Concentration3
Segment, Customer Concentration and Geographical Information - Revenues Generated by Each Business Unit (Detail) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Revenue from External Customer [Line Items] | ' | ' | ' | ' |
Total revenues | $8,746 | $11,012 | $30,832 | $31,297 |
Wireless [Member] | ' | ' | ' | ' |
Revenue from External Customer [Line Items] | ' | ' | ' | ' |
Total revenues | 7,243 | 9,601 | 25,989 | 27,016 |
Productivity & Graphics [Member] | ' | ' | ' | ' |
Revenue from External Customer [Line Items] | ' | ' | ' | ' |
Total revenues | $1,503 | $1,411 | $4,843 | $4,281 |
Segment_Customer_Concentration4
Segment, Customer Concentration and Geographical Information - Company's Customer that Represent 10% or more of Company's Net Revenues (Detail) (Revenue [Member], Customer Concentration Risk [Member]) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | |
Wireless [Member] | Sprint and affiliates [Member] | ' | ' | ' | ' |
Revenue from External Customer [Line Items] | ' | ' | ' | ' |
Customer concentrating on 10% or more of net revenue | 61.50% | 46.10% | 55.60% | 39.60% |
Wireless [Member] | Verizon Wireless and affiliates [Member] | ' | ' | ' | ' |
Revenue from External Customer [Line Items] | ' | ' | ' | ' |
Customer concentrating on 10% or more of net revenue | 9.80% | 19.40% | 14.90% | 20.20% |
Productivity & Graphics [Member] | Fast Spring [Member] | ' | ' | ' | ' |
Revenue from External Customer [Line Items] | ' | ' | ' | ' |
Customer concentrating on 10% or more of net revenue | 13.60% | 7.10% | 11.90% | 5.10% |
Segment_Customer_Concentration5
Segment, Customer Concentration and Geographical Information - Company Revenue in Different Geographic Locations (Detail) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Revenue from External Customer [Line Items] | ' | ' | ' | ' |
Total revenues | $8,746 | $11,012 | $30,832 | $31,297 |
Americas [Member] | ' | ' | ' | ' |
Revenue from External Customer [Line Items] | ' | ' | ' | ' |
Revenues from external customers attributed to all foreign countries | 8,318 | 9,863 | 29,340 | 26,855 |
EMEA [Member] | ' | ' | ' | ' |
Revenue from External Customer [Line Items] | ' | ' | ' | ' |
Revenues from external customers attributed to all foreign countries | 166 | 780 | 788 | 2,218 |
Asia Pacific [Member] | ' | ' | ' | ' |
Revenue from External Customer [Line Items] | ' | ' | ' | ' |
Revenues from external customers attributed to all foreign countries | $262 | $369 | $704 | $2,224 |
Commitments_and_Contingencies_1
Commitments and Contingencies - Additional Information (Detail) (USD $) | 3 Months Ended | 9 Months Ended | |||
In Millions, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 26, 2011 |
People | |||||
Leases [Abstract] | ' | ' | ' | ' | ' |
Expiration of non-cancellable operating leases | ' | ' | 'through 2022 | ' | ' |
Accrued lease commitments expense | $6.70 | ' | $6.70 | ' | ' |
Estimated sublease income | 4.8 | ' | 4.8 | ' | ' |
Rent expense under operating leases | 0.6 | 0.8 | 1.8 | 2.1 | ' |
Incentives per square feet | ' | ' | 40 | ' | ' |
Incentives for improvements to space | ' | ' | 2.2 | ' | ' |
Lease agreement term | ' | ' | '10 years | ' | ' |
Amount received to start-up new facility | ' | ' | ' | ' | $1 |
Minimum number of people to be employed | ' | ' | 232 | ' | ' |
Time period to meet employment commitment | ' | ' | '3 years | ' | ' |
Commitments_and_Contingencies_2
Commitments and Contingencies - Company Lease of Buildings under Non-Cancellable Operating Leases (Detail) (USD $) | Sep. 30, 2013 |
In Thousands, unless otherwise specified | |
Leases [Abstract] | ' |
2013-3 months | $640 |
2014 | 2,589 |
2015 | 2,424 |
2016 | 2,128 |
2017 | 1,789 |
2018 | 1,727 |
Beyond | 4,588 |
Total | $15,885 |
Income_Taxes_Additional_Inform
Income Taxes - Additional Information (Detail) (USD $) | 9 Months Ended | |
In Millions, unless otherwise specified | Sep. 30, 2013 | Dec. 31, 2012 |
Income Tax Disclosure [Abstract] | ' | ' |
Valuation allowance | ' | $60.50 |
Federal tax return examination year | '2009 | ' |
Federal tax return examination year one | '2010 | ' |
Federal tax return examination year two | '2011 | ' |
Restructuring_Expenses_Additio
Restructuring Expenses - Additional Information (Detail) (USD $) | 1 Months Ended | 9 Months Ended | |
Feb. 29, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | |
Restructuring Cost and Reserve [Line Items] | ' | ' | ' |
Reduction in company's worldwide workforce | ' | 26.00% | ' |
Annualized savings | $7,000,000 | $14,000,000 | ' |
Special charges for restructuring plan | ' | 5,600,000 | ' |
Lease/rental terminations charges for restructuring | ' | 3,200,000 | ' |
Severance costs for affected employees | ' | 1,200,000 | ' |
Equipment and improvements write-offs due to lease/rental terminations | ' | 1,000,000 | ' |
Other restructuring related costs | ' | 200,000 | ' |
Estimated restructuring cash expenditures | ' | 1,700,000 | ' |
Percentage reduction of headcount | 7.00% | ' | ' |
One-time employee termination and other costs | ' | ' | 200,000 |
2013 Restructuring [Member] | ' | ' | ' |
Restructuring Cost and Reserve [Line Items] | ' | ' | ' |
Usage for lease/rental terminations | ' | -1,651,000 | ' |
2013 Restructuring [Member] | Lease/rental terminations [Member] | ' | ' | ' |
Restructuring Cost and Reserve [Line Items] | ' | ' | ' |
Usage for lease/rental terminations | ' | $138,000 | ' |
Restructuring_Expenses_Activit
Restructuring Expenses - Activity in Restructuring Liability Account (Detail) (USD $) | 9 Months Ended |
In Thousands, unless otherwise specified | Sep. 30, 2013 |
2013 Restructuring [Member] | ' |
Restructuring Cost and Reserve [Line Items] | ' |
Beginning Balance | ' |
Provision-net | 5,602 |
Usage | -1,651 |
Ending Balance | 3,951 |
2013 Restructuring [Member] | One-time employee termination benefits [Member] | ' |
Restructuring Cost and Reserve [Line Items] | ' |
Beginning Balance | ' |
Provision-net | 1,211 |
Usage | -647 |
Ending Balance | 564 |
2013 Restructuring [Member] | Lease/rental terminations [Member] | ' |
Restructuring Cost and Reserve [Line Items] | ' |
Beginning Balance | ' |
Provision-net | 3,201 |
Usage | 138 |
Ending Balance | 3,339 |
2013 Restructuring [Member] | Fixed asset write-offs, transition travel, other [Member] | ' |
Restructuring Cost and Reserve [Line Items] | ' |
Beginning Balance | ' |
Provision-net | 1,190 |
Usage | -1,142 |
Ending Balance | 48 |
2012 Restructuring [Member] | ' |
Restructuring Cost and Reserve [Line Items] | ' |
Beginning Balance | 8 |
Provision-net | ' |
Usage | -4 |
Reclass | ' |
Ending Balance | 4 |
2012 Restructuring [Member] | One-time employee termination benefits [Member] | ' |
Restructuring Cost and Reserve [Line Items] | ' |
Beginning Balance | 8 |
Provision-net | ' |
Usage | ' |
Reclass | -4 |
Ending Balance | 4 |
2012 Restructuring [Member] | Lease/rental terminations [Member] | ' |
Restructuring Cost and Reserve [Line Items] | ' |
Beginning Balance | ' |
Provision-net | ' |
Usage | ' |
Reclass | ' |
Ending Balance | ' |
2012 Restructuring [Member] | Relocation, move, other expenses [Member] | ' |
Restructuring Cost and Reserve [Line Items] | ' |
Beginning Balance | ' |
Provision-net | ' |
Usage | -4 |
Reclass | 4 |
Ending Balance | ' |
Stock_Repurchase_Program_Addit
Stock Repurchase Program - Additional Information (Detail) (USD $) | 1 Months Ended | 9 Months Ended | |
In Millions, except Share data, unless otherwise specified | Nov. 30, 2011 | Sep. 30, 2013 | Sep. 30, 2012 |
Equity [Abstract] | ' | ' | ' |
Maximum number of shares authorized for repurchase | 5,000,000 | ' | ' |
Period for share repurchase | '2 years | ' | ' |
Number of shares repurchased | ' | 0 | 375,000 |
Cost of shares repurchased | ' | ' | $0.80 |
Subsequent_Events_Additional_I
Subsequent Events - Additional Information (Detail) (Subsequent Event [Member], USD $) | 0 Months Ended |
Nov. 07, 2013 | |
Subsequent Event [Member] | ' |
Subsequent Event [Line Items] | ' |
Notice from NASDAQ | 'On November 7, 2013, we received a notice from The NASDAQ Stock Market LLC stating that the minimum bid price of our common stock had been below $1.00 per share for 30 consecutive business days and that the Company was therefore not in compliance with the minimum bid price requirement for continued listing set forth in Marketplace Rule 5550(a)(2). The notification letter states that we will be afforded 180 calendar days, or until May 6, 2014, to regain compliance with the minimum bid price requirement. To regain compliance, the closing bid price of our common stock must meet or exceed $1.00 per share for at least ten consecutive business days. NASDAQ may, in its discretion, require our common stock to maintain a bid price of at least $1.00 per share for a period in excess of ten consecutive business days, but generally no more than 20 consecutive business days, before determining that the Company has demonstrated an ability to maintain long-term compliance. |
Minimum bid price of common stock | $1 |
Last date for compliance of minimum bid price requirement | 6-May-14 |
Minimum bid price requirement, additional grace period | '180 days |