|
CONSOLIDATED BALANCE SHEETS (USD $)
|
Mar. 31, 2014
|
Dec. 31, 2013
|
| CURRENT ASSETS: |
|
|
| Cash and cash equivalents |
$ 35,931,000 |
$ 70,586,000 |
| Short-term investments |
230,990,000 |
202,024,000 |
| Accounts receivable |
24,508,000 |
15,657,000 |
| Inventory |
14,592,000 |
10,595,000 |
| Deferred income taxes |
20,558,000 |
21,563,000 |
| Other current assets |
11,150,000 |
6,623,000 |
| Total current assets |
337,729,000 |
327,048,000 |
| PROPERTY AND EQUIPMENT, net of accumulated depreciation of $23,251 and $22,756 |
15,004,366 |
14,893,000 |
| ACQUIRED TECHNOLOGY, net of accumulated amortization of $35,591 and $32,841 |
91,261,000 |
94,011,000 |
| INVESTMENTS |
3,051,000 |
7,417,000 |
| DEFERRED INCOME TAXES |
18,309,000 |
19,143,000 |
| OTHER ASSETS |
602,000 |
242,000 |
| TOTAL ASSETS |
465,956,000 |
462,754,000 |
| CURRENT LIABILITIES: |
|
|
| Accounts payable |
8,368,000 |
5,256,000 |
| Accrued expenses |
6,956,000 |
16,039,000 |
| Deferred revenue |
3,375,000 |
1,910,000 |
| Other current liabilities |
1,041,000 |
24,000 |
| Total current liabilities |
19,740,000 |
23,229,000 |
| DEFERRED REVENUE |
3,503,000 |
2,403,000 |
| RETIREMENT PLAN BENEFIT LIABILITY |
9,709,000 |
9,436,000 |
| Total liabilities |
32,952,000 |
35,068,000 |
| COMMITMENTS AND CONTINGENCIES (Note 12) |
|
|
| SHAREHOLDERS' EQUITY: |
|
|
| Preferred Stock, par value $0.01 per share, 5,000,000 shares authorized, 200,000 shares of Series A Nonconvertible Preferred Stock issued and outstanding (liquidation value of $7.50 per share or $1,500) |
2,000 |
2,000 |
| Common Stock, par value $0.01 per share, 100,000,000 shares authorized, 46,889,496 and 46,825,168 shares issued and outstanding at March 31, 2014 and December 31, 2013, respectively |
469,000 |
468,000 |
| Additional paid-in capital |
573,574,000 |
572,401,000 |
| Accumulated deficit |
(126,137,000) |
(130,159,000) |
| Accumulated other comprehensive loss |
(4,246,000) |
(4,368,000) |
| Treasury stock, at cost (401,501 shares at March 31, 2014 and December 31, 2013, respectively) |
(10,658,000) |
(10,658,000) |
| Total shareholders’ equity |
433,004,000 |
427,686,000 |
| TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY |
$ 465,956,000 |
$ 462,754,000 |