10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001558370-18-003997 |
| Period End Date | 20180331 |
| Filing Date | 20180504 |
| Fiscal Year | 2018 |
| Fiscal Period | Q1 |
| XBRL Instance | acls-20180331.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
68 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Common stock, par value (in dollars per share) |
CommonStockParOrStatedValuePerShare
|
$0.00 | USD | Point-in-time |
| Common stock, par value (in dollars per share) |
CommonStockParOrStatedValuePerShare
|
$0.00 | USD | Point-in-time |
| Common stock, shares authorized |
CommonStockSharesAuthorized
|
75.00M | shares | Point-in-time |
| Common stock, shares authorized |
CommonStockSharesAuthorized
|
75.00M | shares | Point-in-time |
| Common stock, shares issued |
CommonStockSharesIssued
|
32.05M | shares | Point-in-time |
| Common stock, shares issued |
CommonStockSharesIssued
|
32.14M | shares | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$69.43M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$140.96M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$133.41M | USD | Point-in-time |
| Short-term restricted cash |
RestrictedCashAndCashEquivalentsAtCarryingValue
|
$770.00K | USD | Point-in-time |
| Common stock, shares outstanding |
CommonStockSharesOutstanding
|
32.14M | shares | Point-in-time |
| Common stock, shares outstanding |
CommonStockSharesOutstanding
|
32.05M | shares | Point-in-time |
| Short-term restricted cash |
RestrictedCashAndCashEquivalentsAtCarryingValue
|
$750.00K | USD | Point-in-time |
| Accounts receivable, net |
AccountsReceivableNetCurrent
|
$75.30M | USD | Point-in-time |
| Accounts receivable, net |
AccountsReceivableNetCurrent
|
$75.59M | USD | Point-in-time |
| Inventories, net |
InventoryNet
|
$120.54M | USD | Point-in-time |
| Inventories, net |
InventoryNet
|
$135.00M | USD | Point-in-time |
| Prepaid expenses and other current assets |
PrepaidExpenseAndOtherAssetsCurrent
|
$9.77M | USD | Point-in-time |
| Prepaid expenses and other current assets |
PrepaidExpenseAndOtherAssetsCurrent
|
$9.28M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$339.77M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$361.60M | USD | Point-in-time |
| Property, plant and equipment, net |
PropertyPlantAndEquipmentNet
|
$36.17M | USD | Point-in-time |
| Property, plant and equipment, net |
PropertyPlantAndEquipmentNet
|
$36.20M | USD | Point-in-time |
| Long-term restricted cash |
RestrictedCashAndCashEquivalentsNoncurrent
|
$6.72M | USD | Point-in-time |
| Long-term restricted cash |
RestrictedCashAndCashEquivalentsNoncurrent
|
$6.74M | USD | Point-in-time |
| Deferred income taxes |
DeferredTaxAssetsLiabilitiesNetNoncurrent
|
$83.15M | USD | Point-in-time |
| Deferred income taxes |
DeferredTaxAssetsLiabilitiesNetNoncurrent
|
$80.70M | USD | Point-in-time |
| Other assets |
OtherAssetsNoncurrent
|
$19.90M | USD | Point-in-time |
| Other assets |
OtherAssetsNoncurrent
|
$22.40M | USD | Point-in-time |
| Total assets |
Assets
|
$488.22M | USD | Point-in-time |
| Total assets |
Assets
|
$505.14M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$32.64M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$43.44M | USD | Point-in-time |
| Accrued compensation |
EmployeeRelatedLiabilitiesCurrent
|
$20.95M | USD | Point-in-time |
| Accrued compensation |
EmployeeRelatedLiabilitiesCurrent
|
$7.68M | USD | Point-in-time |
| Warranty |
ProductWarrantyAccrualClassifiedCurrent
|
$4.11M | USD | Point-in-time |
| Warranty |
ProductWarrantyAccrualClassifiedCurrent
|
$4.58M | USD | Point-in-time |
| Warranty |
ProductWarrantyAccrualClassifiedCurrent
|
$2.75M | USD | Point-in-time |
| Income taxes |
AccruedIncomeTaxesCurrent
|
$389.00K | USD | Point-in-time |
| Income taxes |
AccruedIncomeTaxesCurrent
|
$273.00K | USD | Point-in-time |
| Deferred revenue |
ContractWithCustomerLiabilityCurrent
|
$15.51M | USD | Point-in-time |
| Deferred revenue |
ContractWithCustomerLiabilityCurrent
|
$16.18M | USD | Point-in-time |
| Other current liabilities |
OtherLiabilitiesCurrent
|
$5.48M | USD | Point-in-time |
| Other current liabilities |
OtherLiabilitiesCurrent
|
$5.12M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$77.08M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$79.29M | USD | Point-in-time |
| Sale leaseback obligation |
PresentValueOfFutureMinimumLeasePaymentsSaleLeasebackTransactions
|
$47.71M | USD | Point-in-time |
| Sale leaseback obligation |
PresentValueOfFutureMinimumLeasePaymentsSaleLeasebackTransactions
|
$47.72M | USD | Point-in-time |
| Long-term deferred revenue |
ContractWithCustomerLiabilityNoncurrent
|
$3.02M | USD | Point-in-time |
| Long-term deferred revenue |
ContractWithCustomerLiabilityNoncurrent
|
$1.96M | USD | Point-in-time |
| Other long-term liabilities |
OtherLiabilitiesNoncurrent
|
$5.64M | USD | Point-in-time |
| Other long-term liabilities |
OtherLiabilitiesNoncurrent
|
$5.79M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$134.61M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$133.62M | USD | Point-in-time |
| Commitments and contingencies (Note 13) |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Commitments and contingencies (Note 13) |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Common stock, $0.001 par value, 75,000 shares authorized; 32,142 shares issued and outstanding at March 31, 2018; 32,048 shares issued and outstanding at December 31, 2017 |
CommonStockValueOutstanding
|
$32.00K | USD | Point-in-time |
| Common stock, $0.001 par value, 75,000 shares authorized; 32,142 shares issued and outstanding at March 31, 2018; 32,048 shares issued and outstanding at December 31, 2017 |
CommonStockValueOutstanding
|
$32.00K | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapital
|
$557.50M | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapital
|
$556.15M | USD | Point-in-time |
| Accumulated deficit |
RetainedEarningsAccumulatedDeficit
|
$-189.23M | USD | Point-in-time |
| Accumulated deficit |
RetainedEarningsAccumulatedDeficit
|
$-204.75M | USD | Point-in-time |
| Accumulated other comprehensive income |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$3.23M | USD | Point-in-time |
| Accumulated other comprehensive income |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$2.18M | USD | Point-in-time |
| Total stockholders' equity |
StockholdersEquity
|
$353.61M | USD | Point-in-time |
| Total stockholders' equity |
StockholdersEquity
|
$371.53M | USD | Point-in-time |
| Total liabilities and stockholders' equity |
LiabilitiesAndStockholdersEquity
|
$488.22M | USD | Point-in-time |
| Total liabilities and stockholders' equity |
LiabilitiesAndStockholdersEquity
|
$505.14M | USD | Point-in-time |
Income Statement
38 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Revenue |
Revenues
|
$122.19M | USD | 1 Quarter |
| Revenue |
Revenues
|
$86.89M | USD | 1 Quarter |
| Cost of revenue |
CostOfGoodsAndServicesSold
|
$75.03M | USD | 1 Quarter |
| Cost of revenue |
CostOfGoodsAndServicesSold
|
$52.18M | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$34.71M | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$47.16M | USD | 1 Quarter |
| Research and development |
ResearchAndDevelopmentExpense
|
$9.89M | USD | 1 Quarter |
| Research and development |
ResearchAndDevelopmentExpense
|
$12.23M | USD | 1 Quarter |
| Sales and marketing |
SellingAndMarketingExpense
|
$8.41M | USD | 1 Quarter |
| Sales and marketing |
SellingAndMarketingExpense
|
$7.05M | USD | 1 Quarter |
| General and administrative |
GeneralAndAdministrativeExpense
|
$7.06M | USD | 1 Quarter |
| General and administrative |
GeneralAndAdministrativeExpense
|
$8.01M | USD | 1 Quarter |
| Total operating expenses |
OperatingExpenses
|
$24.00M | USD | 1 Quarter |
| Total operating expenses |
OperatingExpenses
|
$28.65M | USD | 1 Quarter |
| Income from operations |
OperatingIncomeLoss
|
$10.71M | USD | 1 Quarter |
| Income from operations |
OperatingIncomeLoss
|
$18.50M | USD | 1 Quarter |
| Interest income |
InvestmentIncomeInterest
|
$69.00K | USD | 1 Quarter |
| Interest income |
InvestmentIncomeInterest
|
$410.00K | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$1.11M | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$1.34M | USD | 1 Quarter |
| Other, net |
OtherNonoperatingIncomeExpense
|
$-154.00K | USD | 1 Quarter |
| Other, net |
OtherNonoperatingIncomeExpense
|
$-102.00K | USD | 1 Quarter |
| Total other expense |
NonoperatingIncomeExpense
|
$-1.03M | USD | 1 Quarter |
| Total other expense |
NonoperatingIncomeExpense
|
$-1.20M | USD | 1 Quarter |
| Income before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$17.47M | USD | 1 Quarter |
| Income before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$9.52M | USD | 1 Quarter |
| Income tax provision |
IncomeTaxExpenseBenefit
|
$11.00K | USD | 1 Quarter |
| Income tax provision |
IncomeTaxExpenseBenefit
|
$3.56M | USD | 1 Quarter |
| Net income |
NetIncomeLossAvailableToCommonStockholdersBasic
|
$9.51M | USD | 1 Quarter |
| Net income |
NetIncomeLossAvailableToCommonStockholdersBasic
|
$13.91M | USD | 1 Quarter |
| Basic (in dollars per share) |
EarningsPerShareBasic
|
$0.43 | USD | 1 Quarter |
| Basic (in dollars per share) |
EarningsPerShareBasic
|
$0.32 | USD | 1 Quarter |
| Diluted (in dollars per share) |
EarningsPerShareDiluted
|
$0.29 | USD | 1 Quarter |
| Diluted (in dollars per share) |
EarningsPerShareDiluted
|
$0.41 | USD | 1 Quarter |
| Basic weighted average common shares |
WeightedAverageNumberOfSharesOutstandingBasic
|
32.09M | shares | 1 Quarter |
| Basic weighted average common shares |
WeightedAverageNumberOfSharesOutstandingBasic
|
29.77M | shares | 1 Quarter |
| Diluted weighted average common shares |
WeightedAverageNumberOfDilutedSharesOutstanding
|
32.26M | shares | 1 Quarter |
| Diluted weighted average common shares |
WeightedAverageNumberOfDilutedSharesOutstanding
|
34.12M | shares | 1 Quarter |
Cash Flow Statement
48 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
ProfitLoss
|
$13.91M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$9.51M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$1.45M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$1.18M | USD | 1 Quarter |
| Deferred taxes |
DeferredIncomeTaxExpenseBenefit
|
$-22.00K | USD | 1 Quarter |
| Deferred taxes |
DeferredIncomeTaxExpenseBenefit
|
$2.45M | USD | 1 Quarter |
| Stock-based compensation expense |
ShareBasedCompensation
|
$1.13M | USD | 1 Quarter |
| Stock-based compensation expense |
ShareBasedCompensation
|
$1.07M | USD | 1 Quarter |
| Provision for excess and obsolete inventory |
InventoryWriteDown
|
$578.00K | USD | 1 Quarter |
| Provision for excess and obsolete inventory |
InventoryWriteDown
|
$485.00K | USD | 1 Quarter |
| Accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$16.18M | USD | 1 Quarter |
| Accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$-16.00K | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$844.00K | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$11.46M | USD | 1 Quarter |
| Prepaid expenses and other current assets |
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
$2.35M | USD | 1 Quarter |
| Prepaid expenses and other current assets |
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
$-592.00K | USD | 1 Quarter |
| Accounts payable and other current liabilities |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$-1.84M | USD | 1 Quarter |
| Accounts payable and other current liabilities |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$3.05M | USD | 1 Quarter |
| Deferred revenue |
IncreaseDecreaseInContractWithCustomerLiability
|
$2.08M | USD | 1 Quarter |
| Deferred revenue |
IncreaseDecreaseInContractWithCustomerLiability
|
$1.96M | USD | 1 Quarter |
| Income taxes |
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
$2.00K | USD | 1 Quarter |
| Income taxes |
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
$113.00K | USD | 1 Quarter |
| Other assets and liabilities |
IncreaseDecreaseInOtherOperatingCapitalNet
|
$749.00K | USD | 1 Quarter |
| Other assets and liabilities |
IncreaseDecreaseInOtherOperatingCapitalNet
|
$317.00K | USD | 1 Quarter |
| Net cash provided by (used in) operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$8.50M | USD | 1 Quarter |
| Net cash provided by (used in) operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-2.67M | USD | 1 Quarter |
| Expenditures for property, plant and equipment and capitalized software |
PaymentsToAcquirePropertyPlantAndEquipment
|
$723.00K | USD | 1 Quarter |
| Expenditures for property, plant and equipment and capitalized software |
PaymentsToAcquirePropertyPlantAndEquipment
|
$1.12M | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-1.12M | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-723.00K | USD | 1 Quarter |
| Net settlement on restricted stock grants |
ProceedsFromRepaymentsOfRestrictedCashFinancingActivities
|
$-226.00K | USD | 1 Quarter |
| Net settlement on restricted stock grants |
ProceedsFromRepaymentsOfRestrictedCashFinancingActivities
|
$-286.00K | USD | 1 Quarter |
| Proceeds from exercise of stock options |
ProceedsFromStockOptionsExercised
|
$2.53M | USD | 1 Quarter |
| Proceeds from exercise of stock options |
ProceedsFromStockOptionsExercised
|
$446.00K | USD | 1 Quarter |
| Net cash provided by financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$2.25M | USD | 1 Quarter |
| Net cash provided by financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$220.00K | USD | 1 Quarter |
| Effect of exchange rate changes on cash and cash equivalents |
EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations
|
$105.00K | USD | 1 Quarter |
| Effect of exchange rate changes on cash and cash equivalents |
EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations
|
$-406.00K | USD | 1 Quarter |
| Net increase (decrease) in cash, cash equivalents and restricted cash |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$-1.43M | USD | 1 Quarter |
| Net increase (decrease) in cash, cash equivalents and restricted cash |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$7.59M | USD | 1 Quarter |
| Cash, cash equivalents and restricted cash at beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$76.22M | USD | Point-in-time |
| Cash, cash equivalents and restricted cash at beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$148.47M | USD | Point-in-time |
| Cash, cash equivalents and restricted cash at beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$140.88M | USD | Point-in-time |
| Cash, cash equivalents and restricted cash at beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$77.66M | USD | Point-in-time |
| Cash, cash equivalents and restricted cash at end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$76.22M | USD | Point-in-time |
| Cash, cash equivalents and restricted cash at end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$148.47M | USD | Point-in-time |
| Cash, cash equivalents and restricted cash at end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$140.88M | USD | Point-in-time |
| Cash, cash equivalents and restricted cash at end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$77.66M | USD | Point-in-time |
Comprehensive Income
10 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
NetIncomeLossAvailableToCommonStockholdersBasic
|
$9.51M | USD | 1 Quarter |
| Net income |
NetIncomeLossAvailableToCommonStockholdersBasic
|
$13.91M | USD | 1 Quarter |
| Foreign currency translation adjustments |
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
|
$1.92M | USD | 1 Quarter |
| Foreign currency translation adjustments |
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
|
$1.02M | USD | 1 Quarter |
| Amortization of actuarial loss and other adjustments from pension plan |
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent
|
$-28.00K | USD | 1 Quarter |
| Amortization of actuarial loss and other adjustments from pension plan |
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent
|
$-30.00K | USD | 1 Quarter |
| Total other comprehensive income |
OtherComprehensiveIncomeLossNetOfTax
|
$1.94M | USD | 1 Quarter |
| Total other comprehensive income |
OtherComprehensiveIncomeLossNetOfTax
|
$1.05M | USD | 1 Quarter |
| Comprehensive income |
ComprehensiveIncomeNetOfTax
|
$14.97M | USD | 1 Quarter |
| Comprehensive income |
ComprehensiveIncomeNetOfTax
|
$11.45M | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.