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Document and Entity Information - USD ($)	12 Months Ended
Document and Entity Information - USD ($)	Dec. 31, 2017	Mar. 08, 2018	Jun. 30, 2017
Document and Entity Information [Abstract]
Entity Registrant Name	UNIVERSAL ELECTRONICS INC
Entity Central Index Key	0000101984
Document Type	10-K
Document Period End Date	Dec. 31, 2017
Amendment Flag	false
Document Fiscal Year Focus	2017
Document Fiscal Period Focus	FY
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Accelerated Filer
Entity Public Float			$ 643,205,297
Entity Common Stock, Share Outstanding		14,100,423

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Current assets:
Cash and cash equivalents	$ 62,438	$ 50,611
Restricted cash	4,901	4,623
Accounts receivable, net	151,578	124,592
Inventories, net	162,589	129,879
Prepaid expenses and other current assets	11,687	7,439
Assets held for sale	12,517	0
Income tax receivable	1,587	1,054
Deferred income taxes		5,960
Total current assets	407,297	324,158
Property, plant, and equipment, net	110,962	105,351
Goodwill	48,651	43,052
Intangible assets, net	29,041	28,549
Deferred income taxes	7,913
Deferred income taxes		10,430
Long-term restricted cash	0	4,600
Other assets	4,566	4,896
Total assets	608,430	521,036
Current liabilities:
Accounts payable	119,165	97,157
Line of credit	138,000	49,987
Accrued compensation	34,499	35,580
Accrued sales discounts, rebates and royalties	8,882	8,358
Accrued income taxes	3,670	375
Other accrued liabilities	28,719	24,410
Total current liabilities	332,935	215,867
Long-term liabilities:
Long-term contingent consideration	13,400	10,500
Deferred income taxes	4,423
Deferred income taxes		7,060
Income tax payable	2,520	791
Other long-term liabilities	1,603	6,308
Total liabilities	354,881	240,526
Commitments and contingencies
Stockholders' equity:
Preferred stock, $0.01 par value, 5,000,000 shares authorized; none issued or outstanding	0	0
Common stock, $0.01 par value, 50,000,000 shares authorized; 23,760,434 and 23,575,340 shares issued on December 31, 2017 and 2016, respectively	238	236
Paid-in capital	265,195	250,481
Treasury stock, at cost, 9,702,874 and 9,022,587 shares on December 31, 2017 and 2016, respectively	(262,065)	(222,980)
Accumulated other comprehensive income (loss)	(16,599)	(22,821)
Retained earnings	266,780	275,594
Total stockholders' equity	253,549	280,510
Total liabilities and stockholders' equity	$ 608,430	$ 521,036

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Dec. 31, 2017	Dec. 31, 2016
Statement of Financial Position [Abstract]
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	5,000,000	5,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	50,000,000	50,000,000
Common stock, shares issued (in shares)	23,760,434	23,575,340
Treasury stock, shares (in shares)	9,702,874	9,022,587

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Income Statement [Abstract]
Net sales	$ 695,790	$ 651,371	$ 602,833
Cost of sales	530,083	487,247	436,084
Gross profit	165,707	164,124	166,749
Research and development expenses	21,416	19,850	18,141
Factory transition restructuring charges	6,145	4,493	0
Selling, general and administrative expenses	127,476	114,384	112,689
Operating income	10,670	25,397	35,919
Interest income (expense), net	(2,534)	(1,049)	63
Other income (expense), net	(848)	840	(7)
Income before provision for income taxes	7,288	25,188	35,975
Provision for income taxes	17,611	4,804	6,802
Net income (loss)	(10,323)	20,384	29,173
Net income (loss) attributable to noncontrolling interest	0	30	(1)
Net income (loss) attributable to Universal Electronics Inc.	$ (10,323)	$ 20,354	$ 29,174
Earnings (loss) per share attributable to Universal Electronics Inc.:
Basic (in dollars per share)	$ (0.72)	$ 1.41	$ 1.91
Diluted (in dollars per share)	$ (0.72)	$ 1.38	$ 1.88
Shares used in computing earnings (loss) per share:
Basic (in shares)	14,351	14,465	15,248
Diluted (in shares)	14,351	14,764	15,542

CONSOLIDATED COMPREHENSIVE INCOME (LOSS) STATEMENTS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ (10,323)	$ 20,384	$ 29,173
Other comprehensive income (loss):
Change in foreign currency translation adjustment	6,222	(7,022)	(11,353)
Total comprehensive income (loss)	(4,101)	13,362	17,820
Comprehensive income (loss) attributable to noncontrolling interest	0	30	(1)
Comprehensive income (loss) attributable to Universal Electronics Inc.	$ (4,101)	$ 13,332	$ 17,821

CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock Issued	Common Stock in Treasury	Paid-in Capital	Accumulated Other Comprehensive Income (Loss)	Retained Earnings	Noncontrolling Interest
Beginning balance (in shares) at Dec. 31, 2014		22,910	(7,008)
Beginning balance at Dec. 31, 2014	$ 315,621	$ 229	$ (120,938)	$ 214,710	$ (4,446)	$ 226,066	$ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	29,173					29,174	(1)
Currency translation adjustment	(11,353)				(11,353)
Shares issued for employee benefit plan and compensation (in shares)		165
Shares issued for employee benefit plan and compensation	$ 868	$ 2		866
Purchase of treasury shares (in shares)	(1,817)		(1,817)
Purchase of treasury shares	$ (89,395)		$ (89,395)
Stock options exercised (in shares)	71	71
Stock options exercised	$ 1,712	$ 1		1,711
Shares Issued to Directors (in shares)		30
Shares issued to directors	0
Employee and director stock-based compensation	7,913			7,913
Tax benefit from exercise of non-qualified stock options and vested restricted stock	3,069			3,069
Business combination	378						378
Distribution to noncontrolling interest	(78)						(78)
Ending balance (in shares) at Dec. 31, 2015		23,176	(8,825)
Ending balance at Dec. 31, 2015	257,908	$ 232	$ (210,333)	228,269	(15,799)	255,240	299
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	20,384					20,354	30
Currency translation adjustment	(7,022)				(7,022)
Shares issued for employee benefit plan and compensation (in shares)		130
Shares issued for employee benefit plan and compensation	$ 913	$ 1		912
Purchase of treasury shares (in shares)	(198)		(198)
Purchase of treasury shares	$ (12,647)		$ (12,647)
Stock options exercised (in shares)	239	239
Stock options exercised	$ 6,244	$ 3		6,241
Shares Issued to Directors (in shares)		30
Shares issued to directors	0
Employee and director stock-based compensation	10,324			10,324
Tax benefit from exercise of non-qualified stock options and vested restricted stock	2,007			2,007
Performance-based common stock warrants	2,728			2,728
Deconsolidation of Encore Controls LLC	(329)						(329)
Ending balance (in shares) at Dec. 31, 2016		23,575	(9,023)
Ending balance at Dec. 31, 2016	280,510	$ 236	$ (222,980)	250,481	(22,821)	275,594	0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Impact to retained earnings from adoption of ASU 2016-09	1,509					1,509
Beginning balance, adjusted	282,019	$ 236	$ (222,980)	250,481	(22,821)	277,103	0
Net income (loss)	(10,323)					(10,323)
Currency translation adjustment	6,222				6,222
Shares issued for employee benefit plan and compensation (in shares)		99
Shares issued for employee benefit plan and compensation	$ 648	$ 1		647
Purchase of treasury shares (in shares)	(680)		(680)
Purchase of treasury shares	$ (39,085)		$ (39,085)
Stock options exercised (in shares)	56	56
Stock options exercised	$ 1,442	$ 1		1,441
Shares Issued to Directors (in shares)		30
Shares issued to directors	0
Employee and director stock-based compensation	11,943			11,943
Performance-based common stock warrants	683			683
Ending balance (in shares) at Dec. 31, 2017		23,760	(9,703)
Ending balance at Dec. 31, 2017	$ 253,549	$ 238	$ (262,065)	$ 265,195	$ (16,599)	$ 266,780	$ 0

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Cash provided by operating activities:
Net income (loss)	$ (10,323)	$ 20,384	$ 29,173
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	31,312	26,967	20,452
Provision for doubtful accounts	166	183	299
Provision for inventory write-downs	4,119	3,806	3,382
Deferred income taxes	7,597	(1,637)	(5,348)
Tax benefit from exercise of stock options and vested restricted stock	0	2,007	3,069
Excess tax benefit from stock-based compensation	0	(1,970)	(2,619)
Shares issued for employee benefit plan	648	913	868
Employee and director stock-based compensation	11,943	10,324	7,913
Performance-based common stock warrants	683	2,728	0
Impairment of China factory equipment	4,100	0	0
Changes in operating assets and liabilities:
Restricted cash	4,623	0	(4,623)
Accounts receivable	(22,192)	(3,882)	(29,407)
Inventories	(29,916)	(14,800)	(31,877)
Prepaid expenses and other assets	(4,477)	(772)	774
Accounts payable and accrued expenses	10,970	10,451	33,309
Accrued income taxes	4,535	(5,159)	729
Net cash provided by operating activities	13,788	49,543	26,094
Cash used for investing activities:
Acquisitions of property, plant, and equipment	(40,384)	(40,651)	(32,989)
Acquisition of net assets of Residential Control Systems, Inc.	(8,894)	0	0
Acquisition of intangible assets	(1,949)	(1,912)	(2,395)
Increase in restricted cash	0	(4,797)	0
Deposit received toward sale of Guangzhou factory	0	4,797	0
Deconsolidation of Encore Controls LLC	0	48	0
Acquisition of net assets of Ecolink Intelligent Technology, Inc., net of cash acquired	0	0	(12,265)
Net cash used for investing activities	(51,227)	(42,515)	(47,649)
Cash provided by (used for) financing activities:
Borrowings under line of credit	157,000	147,974	84,500
Repayments on line of credit	(68,987)	(147,987)	(34,500)
Proceeds from stock options exercised	1,442	6,244	1,712
Treasury stock purchased	(39,085)	(12,647)	(89,395)
Excess tax benefit from stock-based compensation	0	1,970	2,619
Distribution to noncontrolling interest	0	0	(78)
Net cash provided by (used for) financing activities	50,370	(4,446)	(35,142)
Effect of exchange rate changes on cash	(1,104)	(4,937)	(2,858)
Net increase (decrease) in cash and cash equivalents	11,827	(2,355)	(59,555)
Cash and cash equivalents at beginning of year	50,611	52,966	112,521
Cash and cash equivalents at end of period	62,438	50,611	52,966
Supplemental cash flow information:
Income taxes paid	8,280	9,891	7,793
Interest paid	$ 2,751	$ 1,208	$ 255

Description of Business	12 Months Ended
Description of Business	Dec. 31, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Description of Business	Description of Business Universal Electronics Inc. ("UEI"), based in Southern California, develops and manufactures a broad line of easy-to-use, pre-programmed universal control products, audio-video ("AV") accessories and intelligent wireless security and smart home products as well as software designed to enable consumers to wirelessly connect, control and interact with an increasingly complex home entertainment, automation and security environment. In addition, over the past 30 years, we have developed a broad portfolio of patented technologies and a database of home connectivity software that we license to our customers, including many leading Fortune 500 companies. Our primary markets include cable and satellite television service provider, original equipment manufacturer ("OEM"), retail, private label, pro-security installation and personal computing companies. We sell directly to our customers, and for retail we also sell through distributors in Europe, Australia, New Zealand, South Africa, the Middle East, Mexico, and selected countries in Asia and Latin America under the One For All^® and Nevo^® brand names. As used herein, the terms "we", "us" and "our" refer to Universal Electronics Inc. and its subsidiaries unless the context indicates to the contrary.

Summary of Significant Accounting Policies

12 Months Ended

Dec. 31, 2017

Accounting Policies [Abstract]

Summary of Significant Accounting Policies

Principles of Consolidation

The consolidated financial statements include our accounts and those of our wholly-owned subsidiaries and jointly owned entities in which we have a controlling interest. All intercompany accounts and transactions have been eliminated in the consolidated financial statements.

Estimates and Assumptions

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America ("U.S. GAAP") requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. On an on-going basis, we evaluate our estimates and assumptions, including those related to revenue recognition, allowances for sales returns and doubtful accounts, inventory valuation, our review for impairment of long-lived assets, intangible assets and goodwill, business combinations, income taxes, stock-based compensation expense and performance-based common stock warrants. Actual results may differ from these assumptions and estimates, and they may be adjusted as more information becomes available. Any adjustment may be material.

Revenue Recognition

We recognize revenue on the sale of products when title of the goods has transferred, there is persuasive evidence of an arrangement (such as when a purchase order is received from the customer), the sales price is fixed or determinable, and collectability is reasonably assured.

The provision recorded for estimated sales returns is deducted from gross sales to arrive at net sales in the period the related revenue is recorded. These estimates are based on historical sales returns, analysis of credit memo data and other known factors. We have no obligations after delivery of our products other than the associated warranties. See Note 13 for further information concerning our warranty obligations.

We accrue for discounts and rebates based on historical experience and our expectations regarding future sales to our customers. Accruals for discounts and rebates are recorded as a reduction to sales in the same period as the related revenues. Changes in such accruals may be required if future rebates and incentives differ from our estimates.

Trade accounts receivable are recorded at the invoiced amount and do not bear interest. Sales allowances are recognized as reductions of gross accounts receivable to arrive at accounts receivable, net if the sales allowances are distributed in customer account credits. See Note 4 for further information concerning our sales allowances.

Revenue for the sale of tooling is recognized when the related tooling has been provided, customer acceptance documentation has been obtained, the sales price is fixed or determinable, and collectability is reasonably assured.

We generate service revenue, which is paid monthly, as a result of providing consumer support programs to some of our customers through our call centers. These service revenues are recognized when services are performed, persuasive evidence of an arrangement exists (such as when a signed agreement is received from the customer), the sales price is fixed or determinable, and collectability is reasonably assured.

We license our intellectual property including our patented technologies, trademarks, and database of control codes. When our license fees are paid on a per unit basis we record license revenue when our customers ship a product incorporating our intellectual property, persuasive evidence of an arrangement exists, the sales price is fixed or determinable, and collectability is reasonably assured. When a fixed upfront license fee is received in exchange for the delivery of a particular database of infrared codes that represents the culmination of the earnings process, we record revenues when delivery has occurred, persuasive evidence of an arrangement exists, the sales price is fixed or determinable and collectability is reasonably assured. Revenue for term license fees is recognized on a straight-line basis over the effective term of the license when we cannot reliably predict in which periods, within the term of the license, the licensee will benefit from the use of our patented inventions.

We present all non-income government-assessed taxes (sales, use and value added taxes) collected from our customers and remitted to governmental agencies on a net basis (excluded from revenue) in our financial statements. The government-assessed taxes are recorded in other accrued liabilities until they are remitted to the government agency.

Income Taxes

Income tax expense includes U.S. and foreign income taxes. We account for income taxes using the liability method. We record deferred tax assets and deferred tax liabilities on our balance sheet for expected future tax consequences of events recognized in our financial statements in a different period than our tax return using enacted tax rates that will be in effect when these differences reverse. We record a valuation allowance to reduce net deferred tax assets if we determine that it is more likely than not that the deferred tax assets will not be realized. A current tax asset or liability is recognized for the estimated taxes refundable or payable for the current year.

Accounting standards prescribe a recognition threshold and a measurement attribute for the financial statement recognition and measurement of positions taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more likely than not to be sustained upon examination by taxing authorities, or else a full reserve is established against the tax asset or a liability is recorded. A "more likely than not" tax position is measured as the largest amount of benefit that is greater than fifty percent likely of being realized upon ultimate settlement. See Note 9 for further information concerning income taxes.

Research and Development

Research and development costs are expensed as incurred and consist primarily of salaries, employee benefits, supplies and materials.

Advertising

Advertising costs are expensed as incurred. Advertising expense totaled $1.1 million, $1.1 million, and $1.1 million for the years ended December 31, 2017, 2016 and 2015, respectively.

Shipping and Handling Fees and Costs

We include shipping and handling fees billed to customers in net sales. Shipping and handling costs associated with in-bound freight are recorded in cost of goods sold. Other shipping and handling costs are included in selling, general and administrative expenses and totaled $12.2 million, $11.6 million and $12.7 million for the years ended December 31, 2017, 2016 and 2015, respectively.

Stock-Based Compensation

We recognize the grant date fair value of stock-based compensation awards as expense in proportion to vesting during the requisite service period, which ranges from one to four years. Forfeitures of stock-based awards are accounted for as they occur.

We determine the fair value of restricted stock awards utilizing the average of the high and low trade prices of our Company's shares on the date they were granted.

The fair value of stock options granted to employees and directors is determined utilizing the Black-Scholes option pricing model. The assumptions utilized in the Black-Scholes model include the risk-free interest rate, expected volatility, and expected life in years. The risk-free interest rate over the expected term is equal to the prevailing U.S. Treasury note rate over the same period. Expected volatility is determined utilizing historical volatility over a period of time equal to the expected life of the stock option. Expected life is computed utilizing historical exercise patterns and post-vesting behavior. The dividend yield is assumed to be zero since we have not historically declared dividends and do not have any plans to declare dividends in the future. See Note 16 for further information regarding stock-based compensation.

Performance-Based Common Stock Warrants

The measurement date for performance-based common stock warrants is the date on which the warrants vest. We recognize the fair value of performance-based common stock warrants as a reduction to net sales ratably as the warrants vest based on the projected number of warrants that will vest, the proportion of the performance criteria achieved by the customer within the period relative to the total performance required (aggregate purchase levels) for the warrants to vest and the then-current fair value of the related unvested warrants. If we do not have a reliable forecast of future purchases to be made by the customer by which to estimate the number of warrants that will vest, then the maximum number of potential warrants is assumed until such time that a reliable forecast of future purchases is available. To the extent that our projections change in the future as to the number of warrants that will vest, a cumulative catch-up adjustment will be recorded in the period in which our estimates change.

The fair value of performance-based common stock warrants is determined utilizing the Black-Scholes option pricing model. The assumptions utilized in the Black-Scholes model include the price of our common stock, the risk-free interest rate, expected volatility, and expected life in years. The price of our common stock is equal to the average of the high and low trade prices of our common stock on the measurement date. The risk-free interest rate over the expected life is equal to the prevailing U.S. Treasury note rate over the same period. Expected volatility is determined utilizing historical volatility over a period of time equal to the expected life of the warrant. Expected life is equal to the remaining contractual term of the warrant. The dividend yield is assumed to be zero since we have not historically declared dividends and do not have any plans to declare dividends in the future. See Note 17 for further information regarding performance-based common stock warrants.

Foreign Currency Translation and Foreign Currency Transactions

We use the U.S. Dollar as our functional currency for financial reporting purposes. The functional currency for most of our foreign subsidiaries is their local currency. The translation of foreign currencies into U.S. Dollars is performed for balance sheet accounts using exchange rates in effect at the balance sheet dates and for revenue and expense accounts using the average exchange rate during each period. The gains and losses resulting from the translation are included in the foreign currency translation adjustment account, a component of accumulated other comprehensive income in stockholders' equity, and are excluded from net income. The portions of intercompany accounts receivable and accounts payable that are intended for settlement are translated at exchange rates in effect at the balance sheet date. Our intercompany foreign investments and long-term debt that are not intended for settlement are translated using historical exchange rates.

Transaction gains and losses generated by the effect of changes in foreign currency exchange rates on recorded assets and liabilities denominated in a currency different than the functional currency of the applicable entity are recorded in other income (expense), net. See Note 18 for further information concerning transaction gains and losses.

Earnings Per Share

Basic earnings per share is computed by dividing net income available to common stockholders by the weighted average number of common shares outstanding during the period. Diluted earnings per share is computed by dividing net income by the weighted average number of common shares and dilutive potential common shares, including the dilutive effect of stock option and restricted stock awards, outstanding during the period. Dilutive potential common shares for all periods presented are computed utilizing the treasury stock method; however, dilutive potential common shares are excluded where their inclusion would be anti-dilutive.

Financial Instruments

Our financial instruments consist primarily of cash and cash equivalents, restricted cash, accounts receivable, accounts payable, accrued liabilities and debt. The carrying value of our financial instruments approximates fair value as a result of their short maturities. See Notes 3, 4, 5, 8, 10, and 11 for further information concerning our financial instruments.

Cash and Cash Equivalents

Cash and cash equivalents include cash accounts and all investments purchased with initial maturities of three months or less. Domestically we generally maintain balances in excess of federally insured limits. We attempt to mitigate our exposure to liquidity, credit and other relevant risks by placing our cash and cash equivalents with financial institutions we believe are high quality. These financial institutions are located in many different geographic regions. As part of our cash and risk management processes, we perform periodic evaluations of the relative credit standing of our financial institutions. We have not sustained credit losses from instruments held at financial institutions. See Note 3 for further information concerning cash and cash equivalents.

Allowance for Doubtful Accounts

We maintain an allowance for doubtful accounts for estimated losses resulting from the inability of our customers to make payments for products sold or services rendered. The allowance for doubtful accounts is based on a variety of factors, including credit reviews, historical experience, length of time receivables are past due, current economic trends and changes in customer payment behavior.

We also record specific provisions for individual accounts when we become aware of a customer's inability to meet its financial obligations to us, such as in the case of bankruptcy filings or deterioration in the customer's operating results or financial position. If circumstances related to a customer change, our estimates of the recoverability of the receivables would be further adjusted.

See Note 4 for further information concerning our allowance for doubtful accounts.

Inventories

Inventories consist of remote controls, wireless sensors and audio-video accessories as well as the related component parts and raw materials. Inventoriable costs include materials, labor, freight-in and manufacturing overhead related to the purchase and production of inventories. We value our inventories at the lower of cost or net realizable value. Cost is determined using the first-in, first-out method. We attempt to carry inventories in amounts necessary to satisfy our customer requirements on a timely basis. See Note 5 for further information concerning our inventories and suppliers.

Product innovations and technological advances may shorten a given product's life cycle. We continually monitor our inventories to identify any excess or obsolete items on hand. We write-down our inventories for estimated excess and obsolescence in an amount equal to the difference between the cost of the inventories and estimated net realizable value. These estimates are based upon management's judgment about future demand and market conditions.

Property, Plant, and Equipment

Property, plant, and equipment are recorded at cost. The cost of property, plant, and equipment includes the purchase price of the asset and all expenditures necessary to prepare the asset for its intended use. We capitalize additions and improvements and expense maintenance and repairs as incurred. To qualify for capitalization, an asset, excluding computer equipment, must have a useful life greater than one year and a cost equal to or greater than $5,000 for individual assets or $5,000 for assets purchased in bulk. To qualify for capitalization, computer equipment, must have a useful life of greater than one year and a cost equal to or greater than $1,000 for individual assets or $5,000 for assets purchased in bulk.

We capitalize certain internal and external costs incurred to acquire or create internal use software, principally related to software coding, designing system interfaces and installation and testing of the software.

For financial reporting purposes, depreciation is calculated using the straight-line method over the estimated useful lives of the respective assets. When assets are retired or otherwise disposed of, the cost and accumulated depreciation are removed from the appropriate accounts and any gain or loss is included as a component of depreciation expense.

Estimated useful lives are as follows:



Buildings	25-33 Years
Tooling and equipment	2-7 Years
Computer equipment	3-5 Years
Software	3-7 Years
Furniture and fixtures	5-8 Years
Leasehold and building improvements	Lesser of lease term or useful life (approximately 2 to 10 years)

See Note 6 for further information concerning our property, plant, and equipment.

Goodwill

We record the excess purchase price of net tangible and intangible assets acquired over their estimated fair value as goodwill. We evaluate the carrying value of goodwill on December 31 of each year and between annual evaluations if events occur or circumstances change that may reduce the fair value of the reporting unit below its carrying amount. Such circumstances may include, but are not limited to: (1) a significant adverse change in legal factors or in business climate, (2) unanticipated competition, or (3) an adverse action or assessment by a regulator.

To evaluate whether goodwill is impaired, we conduct a two-step quantitative goodwill impairment test. In the first step we compare the estimated fair value of our single reporting unit to the reporting unit's carrying amount, including goodwill. We estimate the fair value of our reporting unit based on income and market approaches. Under the income approach, we calculate the fair value based on the present value of estimated future cash flows. Under the market approach, we estimate the fair value based on market multiples of enterprise value to EBITDA for comparable companies. If the carrying value of the net assets assigned to the reporting unit exceeds the fair value of the reporting unit, then we perform the second step of the impairment test in order to determine the implied fair value of the reporting unit's goodwill. To calculate the implied fair value of the reporting unit's goodwill, the fair value of the reporting unit is first allocated to all of the other assets and liabilities of that unit based on their fair values. The excess of the reporting unit's fair value over the amount assigned to its other assets and liabilities is the implied fair value of goodwill. An impairment loss would be recognized equal to the amount by which the carrying value of goodwill exceeds its implied fair value.

See Note 7 for further information concerning goodwill.

Long-Lived and Intangible Assets Impairment

Intangible assets consist of distribution rights, patents, trademarks and trade names, developed and core technologies, capitalized software development costs (see also Note 2 under the caption Capitalized Software Development Costs), customer relationships and order backlog. Capitalized amounts related to patents represent external legal costs for the application, maintenance and extension of the useful life of patents. Intangible assets are amortized using the straight-line method over their estimated period of benefit, ranging from one to 15 years.

We assess the impairment of long-lived assets and intangible assets whenever events or changes in circumstances indicate that the carrying value may not be recoverable. Factors considered important which may trigger an impairment review include the following: (1) significant underperformance relative to historical or projected future operating results; (2) significant changes in the manner or use of the assets or strategy for the overall business; (3) significant negative industry or economic trends and (4) a significant decline in our stock price for a sustained period.

We conduct an impairment review when we determine that the carrying value of a long-lived or intangible asset may not be recoverable based upon the existence of one or more of the above indicators of impairment. The asset is impaired if its carrying value exceeds the sum of the undiscounted cash flows expected to result from the use and eventual disposition of the asset. In assessing recoverability, we make assumptions regarding estimated future cash flows and other factors.

An impairment loss is the amount by which the carrying value of an asset exceeds its fair value. We estimate fair value utilizing the projected discounted cash flow method and a discount rate determined by our management to be commensurate with the risk inherent in our current business model. When calculating fair value, we make assumptions regarding estimated future cash flows, discount rates and other factors.

See Notes 6 and 15 for further information concerning long-lived assets. See Note 7 for further information concerning intangible assets.

Capitalized Software Development Costs

Costs incurred to develop software for resale are expensed when incurred as research and development expense until technological feasibility has been established. We have determined that technological feasibility for our products is typically established when a working prototype is complete. Once technological feasibility is established, software development costs are capitalized until the product is available for general release to customers.

Capitalized software development costs are amortized on a product-by-product basis. Amortization is recorded in cost of sales and is the greater of the amounts computed using:


a.	the net book value at the beginning of the period multiplied by the ratio that current gross revenues for a product bear to the total of current and anticipated future gross revenues for that product; or


b.	the straight-line method over the remaining estimated economic life of the product including the period being reported on.

The amortization of capitalized software development costs begins when the related product is available for general release to customers. The amortization period is generally two years.

We compare the unamortized capitalized software development costs of a product to its net realizable value at each balance sheet date. The amount by which the unamortized capitalized software development costs exceed the product's net realizable value is written off. The net realizable value is the estimated future gross revenues of a product reduced by its estimated completion and disposal costs. Any remaining amount of capitalized software development costs are considered to be the cost for subsequent accounting periods and the amount of the write-down is not subsequently restored. See Note 7 for further information concerning capitalized software development costs.

Business Combinations

We allocate the purchase price of acquired businesses to the tangible and intangible assets and the liabilities assumed based on their estimated fair values on the acquisition date. The excess of the purchase price over the fair value of net assets acquired is recorded as goodwill. We engage independent third-party appraisal firms to assist us in determining the fair values of assets acquired and liabilities assumed. Such valuations require management to make significant fair value estimates and assumptions, especially with respect to intangible assets and contingent consideration. Management estimates the fair value of certain intangible assets and contingent consideration by utilizing the following (but not limited to):


•	future cash flow from customer contracts, customer lists, distribution agreements, acquired developed technologies, trademarks, trade names and patents;


•	expected costs to complete development of in-process technology into commercially viable products and cash flows from the products once they are completed;


•	brand awareness and market position as well as assumptions regarding the period of time the brand will continue to be used in our product portfolio; and


•	discount rates utilized in discounted cash flow models.

In those circumstances where an acquisition involves a contingent consideration arrangement, we recognize a liability equal to the fair value of the contingent payments we expect to make as of the acquisition date. We re-measure this liability at each reporting period and record changes in the fair value within operating expenses. Increases or decreases in the fair value of the contingent consideration liability can result from changes in discount periods and rates, as well as changes in the timing and amount of earnings estimates or in the timing or likelihood of achieving earnings-based milestones.

Results of operations and cash flows of acquired businesses are included in our operating results from the date of acquisition.

See Note 22 for further information concerning business combinations.

Derivatives

Our foreign currency exposures are primarily concentrated in the Argentinian Peso, Brazilian Real, British Pound, Chinese Yuan Renminbi, Euro, Hong Kong Dollar, Indian Rupee, Japanese Yen and Mexican Peso. We periodically enter into foreign currency exchange contracts with terms normally lasting less than nine months to protect against the adverse effects that exchange-rate fluctuations may have on our foreign currency-denominated receivables, payables, cash flows and reported income. We do not enter into financial instruments for speculation or trading purposes.

The derivatives we enter into have not qualified for hedge accounting. The gains and losses on both the derivatives and the foreign currency-denominated balances are recorded as foreign exchange transaction gains or losses and are classified in other income (expense), net. Derivatives are recorded on the balance sheet at fair value. The estimated fair value of derivative financial instruments represents the amount required to enter into similar offsetting contracts with similar remaining maturities based on quoted market prices. See Note 20 for further information concerning derivatives.

Fair-Value Measurements

We measure fair value using the framework established by the Financial Accounting Standards Board ("FASB") for fair value measurements and disclosures. This framework requires fair value to be determined based on the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants.

The valuation techniques are based upon observable and unobservable inputs. Observable or market inputs reflect market data obtained from independent sources. Unobservable inputs require management to make certain assumptions and judgments based on the best information available. Observable inputs are the preferred data source. These two types of inputs result in the following fair value hierarchy:



Level 1:	Quoted prices (unadjusted) for identical instruments in active markets.

Level 2:	Quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, and model-based valuation techniques for which all significant assumptions are observable in the market or can be corroborated by observable market data for substantially the full term of the assets or liabilities.

Level 3:	Prices or valuations that require management inputs that are both significant to the fair value measurement and unobservable.

Recent Accounting Pronouncements

In May 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2014-09, "Revenue from Contracts with Customers," which will supersede most existing U.S. GAAP revenue recognition guidance. This new standard requires an entity to recognize revenue to depict the transfer of goods or services to customers in an amount that reflects the consideration to which an entity expects to be entitled in exchange for those goods or services. In addition, ASU 2014-09 contains expanded disclosure requirements relating to the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers. As initially proposed, ASU 2014-09 would have been effective for fiscal periods beginning after December 15, 2016 and permits the use of either the full retrospective or modified retrospective transition method. In August 2015, the FASB postponed the effective date of this new revenue standard by one year. We have completed our review of customer contract terms and our assessment of the impact of adopting this standard on our revenue recognition policy, and have modified certain revenue recognition processes and controls to comply with ASU 2014-09, including the new disclosure requirements. The impact of this new guidance is primarily expected to accelerate revenue recognition for those contractual arrangements under which we manufacture and sell customized products that have no alternative use, as defined under ASU 2014-09 and related guidance and interpretations. In particular, to the extent that we have the right to payment such as a firm order or other contractual commitment from the customer, revenue associated with customized products will be recognized as those products are manufactured rather than when title for those products transfers to the customer. We also expect revenue recognition to be accelerated for licensing arrangements that contain minimum guarantees. We will implement ASU 2014-09 effective January 1, 2018, using the modified retrospective transition method. Thus prior periods will not be restated. We estimate that the cumulative effect as of the adoption date will be an increase to retained earnings of approximately $4 million to $5 million. The impact of the transition to this new accounting method on our future consolidated results of operations and financial position could be material and will be largely dependent upon the future timing of customer orders and the associated manufacturing of customized products.

In July 2015, the FASB issued ASU 2015-11, "Simplifying the Measurement of Inventory," which states that inventory should be measured at the lower of cost and net realizable value. Net realizable value is defined as estimated selling price in the ordinary course of business, less reasonably predictable costs of completion, disposal and transportation. ASU 2015-11 is effective for fiscal periods beginning after December 15, 2016 and must be applied prospectively. The adoption of ASU 2015-11 did not have a material impact on our consolidated financial position or results of operations.

In November 2015, the FASB issued ASU 2015-17, "Balance Sheet Classification of Deferred Taxes." This new guidance requires all deferred tax assets and liabilities, along with any related valuation allowance, be classified as non-current on the balance sheet. ASU 2015-17 is effective for fiscal periods beginning after December 15, 2016 and may be adopted either prospectively or retrospectively. We prospectively adopted ASU 2015-17 effective January 1, 2017, and thus prior period balance sheets have not been adjusted. The adoption of ASU 2015-17 had no impact on our consolidated results of operations or cash flows.

In February 2016, the FASB issued ASU 2016-02, "Leases," which changes the accounting for leases and requires expanded disclosures about leasing activities. This new guidance will require lessees to recognize a right of use asset and a lease liability at the commencement date for all leases with terms greater than twelve months. Accounting by lessors is largely unchanged. ASU 2016-02 is effective for fiscal periods beginning after December 15, 2018 and must be adopted using a modified retrospective approach. Early adoption is permitted. We are currently evaluating the impact that ASU 2016-02 will have on our consolidated financial statements.

In March 2016, the FASB issued ASU 2016-09,"Improvements to Employee Share-Based Payment Accounting," which amends Accounting Standards Codification ("ASC") 718, "Compensation - Stock Compensation." ASU 2016-09 requires excess tax benefits and tax deficiencies to be recorded as a discrete adjustment to income tax expense when stock awards vest or are settled, rather than in paid-in capital when they impact income taxes payable. This new guidance also requires cash flows related to excess tax benefits from stock-based compensation to be presented with other income tax cash flows in operating activities, rather than separately as a financing activity, in the statement of cash flows. Additionally, ASU 2016-09 impacts the calculation of diluted weighted-average shares under the treasury stock method as the assumed proceeds from an employee vesting in or exercising a stock-based award are no longer increased or decreased by the amount of excess tax benefits or deficiencies taken to paid-in capital. We elected to adopt the provisions of ASU 2016-09 prospectively effective January 1, 2017. We also made the accounting policy election, as allowed by ASU 2016-09, to account for forfeitures of stock-based awards as they occur, rather than estimating forfeitures. The cumulative effect of adopting ASU 2016-09 was an increase of $1.5 million to deferred tax assets and an increase to retained earnings of $1.5 million, as of January 1, 2017, as a result of recognizing previously unrecognized excess tax benefits from stock-based compensation. There was no cumulative effect impact related to the change in accounting policy to account for forfeitures of stock-based awards when they occur as a result of our minimal historical forfeitures experience.

In August 2016, the FASB issued ASU 2016-15, "Classification of Certain Cash Receipts and Cash Payments," which amends ASC 230, "Statement of Cash Flows". This new guidance addresses eight specific cash flow issues with the objective of reducing the existing diversity in practice in how certain transactions are classified in the statement of cash flows. ASU 2016-15 is effective for fiscal periods beginning after December 15, 2017 and must be adopted retrospectively. Early adoption is permitted as long as all amendments are adopted in the same period. We are currently evaluating the impact that ASU 2016-15 will have on our consolidated financial statements.

In October 2016, the FASB issued ASU 2016-16, "Intra-Entity Transfers of Assets Other Than Inventory," which changes the accounting for income taxes consequences of intra-entity transfers of assets other than inventory. Current guidance prohibits the recognition of current and deferred income taxes for an intra-entity asset transfer until the asset has been sold to an outside party. Under this new guidance, the income tax consequences of an intra-entity transfer of an asset other than inventory will be recognized when the transfer occurs. ASU 2016-16 is effective for fiscal periods beginning after December 15, 2017. Early adoption is permitted. The impact of the adoption of ASU 2016-16 could be material depending on the size of any intra-entity transfers we may implement in future periods.

In November 2016, the FASB issued ASU 2016-18,"Restricted Cash," which amends ASC 230, "Statement of Cash Flows." This new guidance addresses the classifications and presentation of changes in restricted cash in the statement of cash flows. ASU 2016-18 is effective for fiscal periods beginning after December 15, 2017 and must be adopted retrospectively. Early adoption is permitted. The adoption of ASU 2016-18 will modify our current disclosures by reclassifying certain amounts within the consolidated statement of cash flows, but is not expected to have a material effect on our consolidated financial statements.

In January 2017, the FASB issued ASU 2017-04, "Simplifying the Test for Goodwill Impairment." This guidance simplifies how an entity is required to test goodwill for impairment by eliminating Step 2 from the goodwill impairment test. Instead, if the carrying amount of a reporting unit exceeds its fair value, an impairment loss will be recognized in an amount equal to that excess, limited to the total amount of goodwill allocated to the reporting unit. ASU 2017-04 is effective for fiscal periods beginning after December 31, 2019. Early adoption is permitted. We do not expect the adoption of ASU 2017-04 to have a material impact on our consolidated financial statements.

Cash and Cash Equivalents and Restricted Cash

12 Months Ended

Dec. 31, 2017

Cash and Cash Equivalents [Abstract]

Cash and Cash Equivalents and Restricted Cash

Cash and Cash Equivalents

Cash and cash equivalents were held in the following geographic regions:



	December 31,
(In thousands)	2017		2016
United States	$	10,489	$	3,277
People's Republic of China ("PRC")	23,283		22,142
Asia (excluding the PRC)	1,405		5,260
Europe	18,071		19,630
South America	9,190		302
Total cash and cash equivalents	$	62,438	$	50,611

Restricted Cash

In connection with the court order issued on September 4, 2015, we placed $4.6 million of cash into a collateralized surety bond. This bond had certain restrictions for liquidation and was therefore classified as restricted cash. On February 10, 2017, the $4.6 million surety bond was returned to us upon final settlement of the related litigation matter. Refer to Note 13 for further information about this litigation.

In connection with the pending sale of our Guangzhou factory in the PRC (Note 13), the buyer made a cash deposit of RMB 32 million ($4.9 million based on December 31, 2017 exchange rates) into an escrow account on September 29, 2016. Under the terms of the escrow account, these funds will not be paid to us until the close of the sale. Accordingly, this deposit is presented as restricted cash within our consolidated balance sheet.

Accounts Receivable, Net and Revenue Concentrations

12 Months Ended

Dec. 31, 2017

Receivables [Abstract]

Accounts Receivable, Net and Revenue Concentrations

Accounts receivable, net were as follows:



	December 31,
(In thousands)	2017			2016
Trade receivables, gross	$	142,299		$	120,965
Allowance for doubtful accounts	(1,064		)	(904		)
Allowance for sales returns	(562		)	(539		)
Net trade receivables	140,673			119,522
Other	10,905			5,070
Accounts receivable, net	$	151,578		$	124,592

Allowance for Doubtful Accounts

Changes in the allowance for doubtful accounts were as follows:



(In thousands)	Year Ended December 31,
(In thousands)	2017			2016			2015
Balance at beginning of period	$	904		$	822		$	616
Additions to costs and expenses	166			183			299
(Write-offs)/Foreign exchange effects	(6		)	(101		)	(93		)
Balance at end of period	$	1,064		$	904		$	822

Sales Returns

The allowance for sales returns at December 31, 2017 and 2016 included reserves for items returned prior to year-end that were not completely processed, and therefore had not yet been removed from the allowance for sales returns balance. If these returns had been fully processed, the allowance for sales returns balance would have been approximately $0.4 million and $0.4 million on December 31, 2017 and 2016, respectively. The value of these returned goods was included in our inventory balance at December 31, 2017 and 2016.

Significant Customers

Net sales to the following customers totaled more than 10% of our net sales:



	Year Ended December 31,
	2017				2016				2015
	$ (thousands)		% of Net Sales		$ (thousands)		% of Net Sales		$ (thousands)		% of Net Sales
Comcast Corporation	$	159,829	23.0	%	$	149,476	22.9	%	$	129,475	21.5	%
AT&T	77,888		11.2		74,704		11.5		80,820		13.4

Trade receivables associated with these significant customers that totaled more than 10% of our accounts receivable, net were as follows:



	December 31,
	2017						2016
	$ (thousands)			% of Accounts Receivable, Net			$ (thousands)		% of Accounts Receivable, Net
Comcast Corporation	$	25,142		16.6	%		$	23,716	19.0	%
AT&T	—		⁽¹⁾	—		⁽¹⁾	14,108		11.3

⁽¹⁾ Trade receivables associated with this customer did not total more than 10% of our accounts receivable, net at December 31, 2017.

- Definition

The entire disclosure for claims held for amounts due a entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses.

+ References + Details

Inventories, Net and Significant Suppliers

12 Months Ended

Dec. 31, 2017

Inventory Disclosure [Abstract]

Inventories, Net and Significant Suppliers

Inventories, net were as follows:



	December 31,
(In thousands)	2017			2016
Raw materials	$	43,638		$	33,059
Components	16,214			15,046
Work in process	1,847			5,860
Finished goods	105,178			80,119
Reserve for excess and obsolete inventory	(4,288		)	(4,205		)
Inventories, net	$	162,589		$	129,879

Reserve for Excess and Obsolete Inventory

Changes in the reserve for excess and obsolete inventory were as follows:



	Year Ended December 31,
(In thousands)	2017			2016			2015
Balance at beginning of period	$	4,205		$	3,045		$	2,539
Additions charged to costs and expenses ⁽¹⁾	3,685			3,464			3,070
Sell through⁽²⁾	(1,242		)	(1,116		)	(1,108		)
(Write-offs)/Foreign exchange effects	(2,360		)	(1,188		)	(1,456		)
Balance at end of period	$	4,288		$	4,205		$	3,045


⁽¹⁾	The additions charged to costs and expenses do not include inventory directly written-off that was scrapped during production totaling $0.4 million, $0.3 million, and $0.3 million for the years ended December 31, 2017, 2016, and 2015, respectively. These amounts are production waste and are not included in management’s reserve for excess and obsolete inventory.


⁽²⁾	These amounts represent the reversal of reserves associated with inventory items that were sold during the period.

Significant Suppliers

We purchase integrated circuits, components and finished goods from multiple sources. Purchases from the following supplier totaled more than 10% of our total inventory purchases:



	Year Ended December 31,
	2017				2016				2015 ⁽¹⁾
	$ (thousands)		% of Total Inventory Purchases		$ (thousands)		% of Total Inventory Purchases		$ (thousands)		% of Total Inventory Purchases
Texas Instruments	$	42,058	10.0	%	$	42,370	11.7	%	$	—	—	%

⁽¹⁾ No single supplier provided more than 10% of our total inventory purchases during the year ended December 31, 2015.

Related Party Supplier

We purchase certain printed circuit board assemblies from a related party supplier. The supplier is considered a related party for financial reporting purposes because our Senior Vice President of Strategic Operations owns 40% of this supplier. Inventory purchases from this supplier were as follows:



	Year Ended December 31,
	2017				2016				2015
	$ (thousands)		% of Total Inventory Purchases		$ (thousands)		% of Total Inventory Purchases		$ (thousands)		% of Total Inventory Purchases
Related party supplier	$	5,217	1.2	%	$	6,350	1.8	%	$	8,550	2.5	%

Total accounts payable to this supplier were as follows:



	December 31,
	2017				2016
	$ (thousands)		% of Accounts Payable		$ (thousands)		% of Accounts Payable
Related party supplier	$	1,500	1.3	%	$	1,690	1.7	%

Our payable terms and pricing with this supplier are consistent with the terms offered by other suppliers in the ordinary course of business. The accounting policies that we apply to our transactions with our related party supplier are consistent with those applied in transactions with independent third parties. Corporate management routinely monitors purchases from our related party supplier to ensure these purchases remain consistent with our business objectives.

Property, Plant, and Equipment, Net

12 Months Ended

Dec. 31, 2017

Property, Plant and Equipment [Abstract]

Property, Plant, and Equipment, Net

Property, plant, and equipment, net were as follows:



	December 31,
(In thousands)	2017			2016
Buildings	$	37,937		$	48,367
Machinery and equipment	57,441			67,726
Tooling	37,191			31,773
Leasehold and building improvements	15,748			22,680
Software	18,240			11,581
Furniture and fixtures	5,620			3,794
Computer equipment	7,154			5,120
	179,331			191,041
Accumulated depreciation	(82,866		)	(101,768		)
	96,465			89,273
Construction in progress	14,497			16,078
Total property, plant, and equipment, net	$	110,962		$	105,351

Depreciation expense, including tooling depreciation which is recorded in cost of goods sold, was $24.4 million, $20.7 million and $15.6 million for the years ended December 31, 2017, 2016, and 2015, respectively.

The net book value of property, plant, and equipment located within the PRC was $93.6 million and $90.0 million on December 31, 2017 and 2016, respectively.

During the fourth quarter of 2017, we performed an impairment analysis over our factory assets in China, which was triggered primarily by the transition of a number of our customers to next generation products. Based on our forecasted future production, we determined that the realizable value of certain tooling and equipment was less than net book value. Accordingly, we recorded an impairment charge of $4.1 million, of which $3.8 million is recorded in cost of goods sold and the remaining $0.3 million is recorded in selling, general and administrative expenses, during the year ended December 31, 2017.

Construction in progress was as follows:



	December 31,
(In thousands)	2017		2016
Buildings	$	—	$	118
Machinery and equipment	3,884		4,625
Tooling	3,697		2,219
Leasehold and building improvements	1,014		1,335
Software	5,714		7,674
Other	188		107
Total construction in progress	$	14,497	$	16,078

We expect that most of the assets under construction will be placed into service during the first six months of 2018. We will begin to depreciate the cost of these assets under construction once they are placed into service.

Goodwill and Intangible Assets, Net

12 Months Ended

Dec. 31, 2017

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets, Net

Goodwill

Changes in the carrying amount of goodwill were as follows:



(In thousands)
Balance at December 31, 2015	$	43,116
Foreign exchange effects	(64		)
Balance at December 31, 2016	43,052
Goodwill acquired during the period ⁽¹⁾	5,494
Foreign exchange effects	105
Balance at December 31, 2017	$	48,651


⁽¹⁾	During 2017, we recognized $5.5 million of goodwill related to the Residential Control Systems, Inc. acquisition. Refer to Note 22 for further information about this acquisition.

We conducted annual goodwill impairment reviews on December 31, 2017, 2016, and 2015 utilizing significant unobservable inputs (level 3). Based on the analysis performed, we determined that our goodwill was not impaired.

Intangible Assets, Net

The components of intangible assets, net were as follows:



	December 31,
	2017							2016
(In thousands)	Gross ⁽¹⁾		Accumulated Amortization ⁽¹⁾			Net ⁽¹⁾		Gross ⁽¹⁾		Accumulated Amortization ⁽¹⁾			Net ⁽¹⁾
Distribution rights (10 years)	$	344	$	(165	)	$	179	$	302	$	(119	)	$	183
Patents (10 years)	13,250		(5,310		)	7,940		12,038		(4,775		)	7,263
Trademarks and trade names (10 years) ⁽²⁾	2,786		(1,594		)	1,192		2,400		(1,310		)	1,090
Developed and core technology (5-15 years)	12,560		(6,071		)	6,489		12,585		(4,068		)	8,517
Capitalized software development costs (2 years)	142		(77		)	65		142		(5		)	137
Customer relationships (10-15 years) ⁽²⁾	32,534		(19,395		)	13,139		27,703		(16,344		)	11,359
Order Backlog (1 year) ⁽²⁾	150		(113		)	37		—		—			—
Total intangible assets, net	$	61,766	$	(32,725	)	$	29,041	$	55,170	$	(26,621	)	$	28,549


⁽¹⁾	This table excludes the gross value of fully amortized intangible assets totaling $6.0 million and $10.2 million on December 31, 2017 and 2016, respectively.

⁽²⁾

During the second quarter of 2017, we purchased a trade name valued at $0.4 million, which is being amortized ratably over eight years; customer relationships valued at $5.0 million, which are being amortized ratably over 10 years; and order backlog valued at $0.2 million, which is being amortized ratably over one year. Refer to Note 22 for further information regarding our purchase of these intangible assets.

Amortization expense is recorded in selling, general and administrative expenses, except amortization expense related to capitalized software development costs and order backlog, which is recorded in cost of sales. Amortization expense by statement of operations caption was as follows:



	Year Ended December 31,
(In thousands)	2017		2016		2015
Cost of sales	$	184	$	76	$	123
Selling, general and administrative expenses	6,772		6,198		4,719
Total amortization expense	$	6,956	$	6,274	$	4,842

Estimated future annual amortization expense related to our intangible assets at December 31, 2017, is as follows:



(In thousands)
2018	$	7,275
2019	7,070
2020	5,925
2021	2,418
2022	2,307
Thereafter	4,046
Total	$	29,041

The remaining weighted average amortization period of our intangible assets is 6.8 years.

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

+ References + Details

Line of Credit	12 Months Ended
Line of Credit	Dec. 31, 2017
Debt Disclosure [Abstract]
Line of Credit	Line of Credit On October 27, 2017, we entered into a Second Amended and Restated Credit Agreement ("Second Amended Credit Agreement") with U.S. Bank National Association ("U.S. Bank") and Wells Fargo Bank, National Association. Under the Second Amended Credit Agreement, the existing revolving line of credit ("Credit Line") was increased from $125.0 million to $170.0 million and the expiration date remained November 1, 2019. The Credit Line may be used for working capital and other general corporate purposes including acquisitions, share repurchases and capital expenditures. Amounts available for borrowing under the Credit Line are reduced by the balance of any outstanding letters of credit. There were no outstanding letters of credit at December 31, 2017. All obligations under the Credit Line are secured by substantially all of our U.S. personal property and tangible and intangible assets as well as 65% of our ownership interest in Enson Assets Limited, our wholly-owned subsidiary which controls our manufacturing factories in the PRC. Under the Second Amended Credit Agreement, we may elect to pay interest on the Credit Line based on LIBOR plus an applicable margin (varying from 1.25% to 1.75%) or base rate (based on the prime rate of U.S. Bank or as otherwise specified in the Second Amended Credit Agreement) plus an applicable margin (varying from 0.00% to 0.50% ). The applicable margins are calculated quarterly and vary based on our cash flow leverage ratio as set forth in the Second Amended Credit Agreement. The interest rate in effect at December 31, 2017 was 3.04%. There are no commitment fees or unused line fees under the Second Amended Credit Agreement. The Second Amended Credit Agreement includes financial covenants requiring a minimum fixed charge coverage ratio and a maximum cash flow leverage ratio. In addition, the Second Amended Credit Agreement contains other customary affirmative and negative covenants and events of default. As of December 31, 2017, we were in compliance with the covenants and conditions of the Second Amended Credit Agreement. At December 31, 2017, we had $138.0 million outstanding under the Credit Line. Our total interest expense on borrowings was $2.7 million, $1.3 million and $0.3 million during the years ended December 31, 2017, 2016 and 2015, respectively.

Income Taxes

12 Months Ended

Dec. 31, 2017

Income Tax Disclosure [Abstract]

Income Taxes

In 2017, 2016 and 2015, pre-tax income (loss) was attributed to the following jurisdictions:



	Year Ended December 31,
(In thousands)	2017			2016		2015
Domestic operations	$	(12,852	)	$	165	$	(6,857	)
Foreign operations	20,140			25,023		42,832
Total	$	7,288		$	25,188	$	35,975

The provision for income taxes charged to operations was as follows:



	Year Ended December 31,
(In thousands)	2017			2016			2015
Current tax expense:
U.S. federal	$	3,406		$	1,748		$	2,726
State and local	72			374			189
Foreign	8,304			4,150			9,028
Total current	11,782			6,272			11,943
Deferred tax (benefit) expense:
U.S. federal	9,495			(1,416		)	(4,588		)
State and local	(369		)	(356		)	(87		)
Foreign	(3,297		)	304			(466		)
Total deferred	5,829			(1,468		)	(5,141		)
Total provision for income taxes	$	17,611		$	4,804		$	6,802

Net deferred tax assets were comprised of the following:



	December 31,
(In thousands)	2017			2016
Deferred tax assets:
Inventory reserves	$	1,104		$	1,396
Capitalized research costs	23			44
Capitalized inventory costs	609			704
Net operating losses	999			485
Acquired intangible assets	287			136
Accrued liabilities	1,239			4,739
Income tax credits	8,861			12,509
Stock-based compensation	2,712			3,376
Amortization of intangible assets	526			—
Total deferred tax assets	16,360			23,389
Deferred tax liabilities:
Depreciation	(944		)	(2,924		)
Allowance for doubtful accounts	(444		)	(241		)
Amortization of intangible assets	—			(780		)
Other	(2,680		)	(1,479		)
Total deferred tax liabilities	(4,068		)	(5,424		)
Net deferred tax assets before valuation allowance	12,292			17,965
Less: Valuation allowance	(8,802		)	(8,635		)
Net deferred tax assets	$	3,490		$	9,330

The provision for income taxes differs from the amount of income tax determined by applying the applicable U.S. statutory federal income tax rate to pre-tax income from operations as a result of the following:



	Year Ended December 31,
(In thousands)	2017			2016			2015
Tax provision at statutory U.S. rate	$	2,551		$	8,554		$	12,232
Increase (decrease) in tax provision resulting from:
State and local taxes, net	(733		)	(553		)	(554		)
Foreign tax rate differential	(296		)	(3,244		)	(5,762		)
Foreign undistributed earnings, net of credits	14,211			—			—
Nondeductible items	891			839			874
Federal research and development credits	(620		)	(710		)	(678		)
Non-territorial income	(1,517		)	(1,458		)	(1,906		)
Withholding tax	1,078			1,762			1,985
Change in deductibility of social insurance	5			8			649
Uncertain tax positions	1,344			165			10
Stock-based compensation	479			—			—
Federal tax rate change	686			—			—
Valuation allowance	149			1,598			621
Foreign permanent benefit	(451		)	(2,110		)	(675		)
Other	(166		)	(47		)	6
Tax provision	$	17,611		$	4,804		$	6,802

At December 31, 2017, we had state Research and Experimentation ("R&E") income tax credit carryforwards of $8.6 million. The state R&E income tax credits do not have an expiration date.

At December 31, 2017, we had federal, state and foreign net operating loss carryforwards of $17.0 thousand, $10.1 million and $1.8 million, respectively. The federal, state and foreign net operating loss carryforwards begin to expire during 2023, 2027 and 2022, respectively. Internal Revenue Code Section 382 places certain limitations on the annual amount of net operating loss carryforwards that may be utilized if certain changes to a company’s ownership occur. The annual federal limitation is approximately $0.6 million for 2017 and thereafter.

At December 31, 2017, we assessed the realizability of our deferred tax assets by considering whether it is "more likely than not" some portion or all of the deferred tax assets will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences become deductible. We considered taxable income in carry-back years, the scheduled reversal of deferred tax liabilities, tax planning strategies and projected future taxable income in making this assessment. Due to uncertainties surrounding the realization of some of our deferred tax assets, we established a valuation allowance against certain deferred tax assets. This valuation allowance primarily relates to state R&E income tax credits generated during prior years and the current year. Additionally, we recorded $0.2 million of valuation allowance during the year ended December 31, 2017 against certain deferred tax assets associated with our Guangzhou factory as a result of the pending sale of this factory and related transition of manufacturing activities (see Note 13 for further details). If and when recognized, the tax benefits relating to any reversal of valuation allowance will be recorded as a reduction of income tax expense. The total valuation allowance increased by $0.2 million and $2.0 million during the years ended December 31, 2017 and 2016, respectively.

The undistributed earnings of our foreign subsidiaries are considered to be indefinitely reinvested. Accordingly, no provision for state income taxes or foreign withholding taxes has been provided on such undistributed earnings. Determination of the potential amount of unrecognized deferred state income tax liability and foreign withholding taxes is not practicable because of the complexities associated with its hypothetical calculation.

During 2012, China's State Administration of Taxation ("SAT") issued Circular 15, which required us to reevaluate our foreign deferred tax assets relating to our Chinese subsidiaries. These subsidiaries have recorded a deferred tax asset for social insurance and housing funds with the intent of being able to deduct these expenses once such liabilities have been settled. Circular 15 stipulates that payments into the aforementioned funds must be made within five years of recording the initial accrual or the tax deduction for these expenses will be forfeited. At December 31, 2017, we evaluated fund payments made prior to the preceding five years and determined that none of our foreign deferred tax assets would provide a future tax benefit due to the change in Chinese law. In adhering to the new law, we recorded no increases to income tax expense for the years ended December 31, 2017 and 2016 and $0.6 million for the year ended December 31, 2015 relating to decreases in the deferred tax assets of our Chinese subsidiaries.

Uncertain Tax Positions

At December 31, 2017 and 2016, we had unrecognized tax benefits of approximately $5.6 million and $3.9 million, including interest and penalties, respectively. In accordance with accounting guidance, we have elected to classify interest and penalties as components of tax expense. Interest and penalties were $0.5 million, $0.3 million, and $0.2 million for the years ended December 31, 2017, 2016 and 2015, respectively. Interest and penalties are included in the unrecognized tax benefits.

Changes to our gross unrecognized tax benefits were as follows:



	Year ended December 31,
(In thousands)	2017			2016			2015
Balance at beginning of period	$	3,622		$	3,469		$	3,486
Additions as a result of tax provisions taken during the current year	1,489			305			463
Subtractions as a result of tax provisions taken during the prior year	—			—			(161		)
Foreign currency translation	90			(93		)	(79		)
Lapse in statute of limitations	(141		)	(67		)	(241		)
Settlements	—			—			—
Other	21			8			1
Balance at end of period	$	5,081		$	3,622		$	3,469

Approximately $5.3 million, $3.6 million and $3.3 million of the total amount of gross unrecognized tax benefits at December 31, 2017, 2016 and 2015, respectively, if not for the state R&E income tax credit valuation allowance, would affect the annual effective tax rate, if recognized. We are unaware of any positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will significantly change within the next twelve months. We anticipate a decrease in gross unrecognized tax benefits of approximately $0.1 million within the next twelve months based on federal, state, and foreign statute expirations in various jurisdictions. We have classified uncertain tax positions as non-current income tax liabilities unless expected to be paid within one year.

We file income tax returns in the U.S. federal jurisdiction and in various state and foreign jurisdictions. At December 31, 2017, the open statutes of limitations for our significant tax jurisdictions are the following: federal are 2014 through 2016, state are 2013 through 2016 and foreign are 2011 through 2016.

U.S. Tax Cuts and Jobs Act

On December 22, 2017, the U.S. government enacted comprehensive tax legislation commonly referred to as the Tax Cuts and Jobs Act (the “Tax Act”). The Tax Act makes broad and complex changes to the U.S. tax code that affected 2017, including, but not limited to, (1) requiring a one-time transition tax on certain unrepatriated earnings of foreign subsidiaries that is payable over eight years and (2) bonus depreciation that will allow for full expensing of qualified property.

The Tax Act also establishes new tax laws that will affect 2018, including, but not limited to, (1) reduction of the U.S. federal corporate tax rate from 35% to 21%; (2) elimination of the corporate alternative minimum tax ("AMT"); (3) the creation of the base erosion anti-abuse tax ("BEAT"), a new minimum tax; (4) a general elimination of U.S. federal income taxes on dividends from foreign subsidiaries; (5) a new provision designed to tax global intangible low-taxed income ("GILTI"), which allows for the possibility of using foreign tax credits ("FTC"s) and a deduction of up to 50 percent to offset the income tax liability (subject to some limitations); (6) a new limitation on deductible interest expense; (7) the repeal of the domestic production activity deduction; (8) limitations on the deductibility of certain executive compensation; (9) limitations on the use of FTCs to reduce the U.S. income tax liability; and (10) limitations on net operating losses ("NOL"s) generated after December 31, 2017, to 80 percent of taxable income.

The SEC staff issued Staff Accounting Bulletin ("SAB") 118, which provides guidance on accounting for the tax effects of the Tax Act. SAB 118 provides a measurement period that should not extend beyond one year from the Tax Act enactment date for companies to complete the accounting under ASC 740. In accordance with SAB 118, a company must reflect the income tax effects of those aspects of the Tax Act for which the accounting under ASC 740 is complete. To the extent that a company’s accounting for certain income tax effects of the Tax Act is incomplete but it is able to determine a reasonable estimate, it must record a provisional estimate in the financial statements. If a company cannot determine a provisional estimate to be included in the financial statements, it should continue to apply ASC 740 on the basis of the provisions of the tax laws that were in effect immediately before the enactment of the Tax Act.

Our accounting for the following elements of the Tax Act is incomplete. However, we were able to make reasonable estimates of certain effects and, therefore, recorded provisional adjustments as follows:

Reduction of U.S. federal corporate tax rate: The Tax Act reduces the U.S. federal corporate tax rate to 21 percent, effective January 1, 2018. For certain of our deferred tax assets and deferred tax liabilities, we have recorded a provisional decrease of $2.3 million, with a corresponding net adjustment to deferred income tax expense of $2.3 million for the year ended December 31, 2017. While we are able to make a reasonable estimate of the impact of the reduction in corporate rate, it may be affected by other analyses related to the Tax Act, including, but not limited to, our calculation of deemed repatriation of deferred foreign income and the state tax effect of adjustments made to federal temporary differences, as well as changes to our valuation allowance.

Deemed repatriation transition tax: The Deemed Repatriation Transition Tax ("Transition Tax") is a tax on previously untaxed accumulated and current earnings and profits ("E&P") of certain of our foreign subsidiaries. To determine the amount of the Transition Tax, we must determine, in addition to other factors, the amount of post-1986 E&P of the relevant subsidiaries, as well as the amount of non-U.S. income taxes paid on such earnings. We are able to make a reasonable estimate of the Transition Tax and recorded a provisional Transition Tax obligation of $2.1 million. However, we are continuing to gather additional information to more precisely compute the amount of the Transition Tax.

Valuation allowances: We must assess whether our valuation allowance is affected by various aspects of the Tax Act (e.g., deemed repatriation of deferred foreign income, GILTI inclusions, new categories of FTCs). Since we have recorded provisional amounts related to certain portions of the Tax Act, any corresponding determination of the need for or change in a valuation allowance is also provisional.

Our accounting for the following elements of the Tax Act is incomplete, and we were not yet able to make reasonable estimates of the effects. Therefore, no provisional adjustments were recorded.

GILTI tax: Because of the complexity of the new GILTI tax rules, we are continuing to evaluate this provision of the Tax Act and the application of ASC 740. Under U.S. GAAP, we are allowed to make an accounting policy choice of either (1) treating taxes due on future U.S. inclusions in taxable income related to GILTI as a current-period expense when incurred (the “period cost method”) or (2) factoring such amounts into a company’s measurement of its deferred taxes (the “deferred method”). Our selection of an accounting policy with respect to the new GILTI tax rules will depend, in part, on analyzing our global income to determine whether we expect to have future U.S. inclusions in taxable income related to GILTI and, if so, what the impact is expected to be. Because whether we expect to have future U.S. inclusions in taxable income related to GILTI depends on not only our current structure and estimated future results of global operations but also our intent and ability to modify our structure and/or our business, we are not yet able to reasonably estimate the effect of this provision of the Tax Act. Therefore, we have not made any adjustments related to potential GILTI tax in our financial statements and have not made a policy decision regarding whether to record deferred taxes related to potential GILTI tax.

Accrued Compensation

12 Months Ended

Dec. 31, 2017

Payables and Accruals [Abstract]

Accrued Compensation

The components of accrued compensation were as follows:



	December 31,
(In thousands)	2017		2016
Accrued social insurance⁽¹⁾	$	17,727	$	19,974
Accrued salary/wages	7,910		7,903
Accrued vacation/holiday	2,769		2,411
Accrued bonus⁽²⁾	2,329		2,421
Accrued commission	1,089		933
Accrued medical insurance claims	286		122
Other accrued compensation	2,389		1,816
Total accrued compensation	$	34,499	$	35,580

⁽¹⁾

Effective January 1, 2008, the Chinese Labor Contract Law was enacted in the PRC. This law mandated that PRC employers remit the applicable social insurance payments to their local government. Social insurance is comprised of various components such as pension, medical insurance, job injury insurance, unemployment insurance, and a housing assistance fund, and is administered in a manner similar to social security in the United States. This amount represents our estimate of the amounts due to the PRC government for social insurance on December 31, 2017 and 2016.

⁽²⁾

Accrued bonus includes an accrual for an extra month of salary ("13^th month salary") to be paid to employees in certain geographies where it is the customary business practice. This 13^th month salary is paid to these employees if they remain employed with us through December 31st. The total accrued for the 13^th month salary was $0.7 million and $0.7 million at December 31, 2017 and 2016, respectively.

Other Accrued Liabilities

The components of other accrued liabilities were as follows:



	December 31,
(In thousands)	2017		2016
Advertising and marketing	$	232	$	213
Deferred revenue	215		1,431
Deposit for sale of Guangzhou factory	4,901		—
Duties	1,184		1,127
Freight and handling fees	1,983		1,919
Product development	974		454
Product warranty claim costs	339		134
Professional fees	1,578		1,313
Property, plant and equipment	2,151		1,017
Sales taxes and VAT	2,955		2,715
Short-term contingent consideration	3,800		—
Third-party commissions	599		853
Tooling ⁽¹⁾	1,843		1,520
Unrealized loss on foreign currency exchange contracts	630		1,623
URC court order and settlement agreement (Notes 3 and 13)	13		6,622
Utilities	103		331
Other	5,219		3,138
Total other accrued liabilities	$	28,719	$	24,410


⁽¹⁾	The tooling accrual balance relates to unearned revenue for tooling that will be sold to customers.

Related Party Vendor

We have obtained certain engineering support services for our India subsidiary from JAP Techno Solutions ("JAP"). The owner of JAP is the spouse of the managing director of our India operations. Total fees paid to JAP for the year ended December 31, 2015 were $77 thousand. No amounts were paid to this vendor during the years ended December 31, 2017 and 2016.

Other Accrued Liabilities

12 Months Ended

Dec. 31, 2017

Payables and Accruals [Abstract]

Other Accrued Liabilities

Accrued Compensation

The components of accrued compensation were as follows:



	December 31,
(In thousands)	2017		2016
Accrued social insurance⁽¹⁾	$	17,727	$	19,974
Accrued salary/wages	7,910		7,903
Accrued vacation/holiday	2,769		2,411
Accrued bonus⁽²⁾	2,329		2,421
Accrued commission	1,089		933
Accrued medical insurance claims	286		122
Other accrued compensation	2,389		1,816
Total accrued compensation	$	34,499	$	35,580

⁽¹⁾

⁽²⁾

Other Accrued Liabilities

The components of other accrued liabilities were as follows:



	December 31,
(In thousands)	2017		2016
Advertising and marketing	$	232	$	213
Deferred revenue	215		1,431
Deposit for sale of Guangzhou factory	4,901		—
Duties	1,184		1,127
Freight and handling fees	1,983		1,919
Product development	974		454
Product warranty claim costs	339		134
Professional fees	1,578		1,313
Property, plant and equipment	2,151		1,017
Sales taxes and VAT	2,955		2,715
Short-term contingent consideration	3,800		—
Third-party commissions	599		853
Tooling ⁽¹⁾	1,843		1,520
Unrealized loss on foreign currency exchange contracts	630		1,623
URC court order and settlement agreement (Notes 3 and 13)	13		6,622
Utilities	103		331
Other	5,219		3,138
Total other accrued liabilities	$	28,719	$	24,410


⁽¹⁾	The tooling accrual balance relates to unearned revenue for tooling that will be sold to customers.

Related Party Vendor

Leases

12 Months Ended

Dec. 31, 2017

Leases [Abstract]

Leases

We lease land, office and warehouse space, and certain office equipment under operating leases that expire at various dates through November 30, 2060.

Rent expense for our operating leases was $4.2 million, $4.0 million and $3.6 million for the years ended December 31, 2017, 2016 and 2015, respectively.

Estimated future minimum non-cancelable operating lease payments at December 31, 2017 were as follows:



(In thousands)	Amount
2018	$	4,411
2019	3,333
2020	2,347
2021	2,204
2022	1,649
Thereafter	443
Total operating lease commitments	$	14,387

Non-level Rents and Lease Incentives

Some of our leases are subject to rent escalations. For these leases, we recognize rent expense for the total contractual obligation utilizing the straight-line method over the lease term, ranging from 48 months to 125 months. The related short-term liability is recorded in other accrued liabilities (see Note 11) and the related long term liability is recorded in other long-term liabilities. The total liability related to rent escalations was $1.2 million and $1.1 million at December 31, 2017 and 2016, respectively.

The lease agreement for our corporate headquarters contains an allowance for moving expenses and tenant improvements of $1.5 million. These moving and tenant improvement allowances are recorded within other accrued liabilities and other long-term liabilities, depending on the short-term or long-term nature, and are being amortized as a reduction of rent expense over the 125-month term of the lease, which began on May 15, 2012.

Rental Costs During Construction

Rental costs associated with operating leases incurred during a construction period are expensed.

Prepaid Land Leases

We operate one factory within the PRC on which the land is leased from the government as of December 31, 2017. This land lease was prepaid to the PRC government at the time our subsidiary occupied the land. We have obtained land-use right certificate for the land pertaining to this factories.

The factory is located in the city of Yangzhou in the Jiangsu province. The remaining net book value of this prepaid lease was $2.6 million on December 31, 2017, and will be amortized on a straight-line basis over the remaining term of approximately 41 years. The buildings located on this land had a net book value of $20.9 million on December 31, 2017 and will be depreciated over a remaining weighted average period of 22 years.

The remaining net book value of this prepaid land lease is included within prepaid expenses and other current assets and other assets, depending on the short-term or long-term nature.

Commitments and Contingencies

12 Months Ended

Dec. 31, 2017

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

Indemnifications

We indemnify our directors and officers to the maximum extent permitted under the laws of the state of Delaware and we have entered into indemnification agreements with each of our directors and executive officers. In addition, we insure our individual directors and officers against certain claims and attorney’s fees and related expenses incurred in connection with the defense of such claims. The amounts and types of coverage may vary from period to period as dictated by market conditions. Management is not aware of any matters that require indemnification of its officers or directors.

Fair Price Provisions and Other Anti-Takeover Measures

Our Restated Certificate of Incorporation, as amended, contains certain provisions restricting business combinations with interested stockholders under certain circumstances and imposing higher voting requirements for the approval of certain transactions ("fair price" provisions). Any of these provisions may delay or prevent a change in control.

The "fair price" provisions require that holders of at least two-thirds of our outstanding shares of voting stock approve certain business combinations and significant transactions with interested stockholders.

Product Warranties

Changes in the liability for product warranty claim costs were as follows:



	Year Ended December 31,
(In thousands)	2017			2016			2015
Balance at beginning of period	$	134		$	35		$	353
Accruals for warranties issued during the period	312			102			23
Settlements (in cash or in kind) during the period	(107		)	(3		)	(341		)
Balance at end of period	$	339		$	134		$	35

Restructuring Activities and Sale of Guangzhou Factory

In the first quarter of 2016, we implemented a plan to reduce the impact of rising labor rates in China by transitioning manufacturing activities from our southern-most China factory, located in the city of Guangzhou in the Guangdong province, to our other China factories where labor rates are rising at a slower rate. As a result, we incurred severance costs of $6.1 million and $4.5 million during the years ended December 31, 2017 and 2016, respectively, which are included within operating expenses. All operations in our Guangzhou factory ceased in July 2017. Accordingly, we do not expect to incur further severance or other restructuring costs related to this factory transition. At December 31, 2017, we had no unpaid factory transition severance costs included within accrued compensation.

On September 26, 2016, we entered into an agreement to sell our Guangzhou manufacturing facility for RMB 320 million (approximately $49.0 million based on December 31, 2017 exchange rates). Under the terms of the agreement, we have up to 24 months to cease all operations within the facility. The closing of the sale will be subject to customary due diligence and local regulatory approval and is expected to be completed within approximately 28 months from the execution of the agreement. In accordance with the terms of the agreement, the buyer deposited 10% of the purchase price into an escrow account upon the execution of the agreement, which we have presented as restricted cash in our consolidated balance sheets (also refer to Note 3). The remaining balance of the purchase price is to be placed into the escrow account prior to the closing of the sale and will be released to us upon closing. Since all operations at our Guangzhou manufacturing facility ceased as of the end of July 2017, the related building and land lease assets of $12.5 million are classified as assets held for sale in our December 31, 2017 consolidated balance sheet.

Litigation

On March 2, 2012 and June 28, 2013, we filed two different lawsuits against Universal Remote Control, Inc. ("URC") alleging that URC, and in some cases its affiliated suppliers Ohsung Electronics Co., Ltd. and Ohsung Electronics USA, Inc. (collectively "Ohsung"), were infringing on certain of our patents. In September 2015, the court awarded URC $4.6 million in attorneys' fees and costs related to the first lawsuit, which we accrued within selling, general and administrative expenses for the year ended December 31, 2015 and placed an equal amount into a surety bond (described in Note 3). In December 2016, in connection with these matters, we entered into a confidential Settlement, License and Release Agreement dated September 22, 2016 with URC and Ohsung (collectively the “URC Parties”) to settle all litigation matters (including the malicious prosecution litigation described below) between us and the URC Parties. By and during the term of this agreement, we and the URC Parties have dismissed all litigation matters and appeals with prejudice. Additionally, the URC Parties have received a limited paid up license to the technologies covered by the patents in this litigation and a limited covenant not to sue with respect to certain of URC's products existing as of the settlement date. As a result of the Settlement, License and Release Agreement, we accrued $2.0 million within selling, general and administrative expenses for the year ended December 31, 2016, bringing the total liability accrued in connection with the URC matters to $6.6 million at December 31, 2016. On January 30, 2017, we paid URC $6.6 million, and on February 10, 2017, the $4.6 million surety bond was returned to us.

On April 28, 2016, URC filed a malicious prosecution lawsuit against us in the Superior Court of California, County of Orange (Universal Remote Control, Inc. v. Universal Electronics Inc., 30-2016-00849239-CU-BT-CJC). This lawsuit was dismissed with prejudice by URC as part of the overall Settlement, License and Release Agreement discussed above.

On or about June 10, 2015, FM Marketing GmbH ("FMH") and Ruwido Austria GmbH ("Ruwido") filed a Summons in Summary Proceedings in Belgium court against one of our subsidiaries, Universal Electronics BV ("UEBV"), and one of its customers, Telenet N.V. ("Telenet"), claiming that one of the products UEBV supplied to Telenet violates two design patents and one utility patent owned by FMH and/or Ruwido. By this summons, FMH and Ruwido sought to enjoin Telenet and UEBV from continued distribution and use of the product at issue. After the September 29, 2015 hearing, the court issued its ruling in our and Telenet’s favor, rejecting FMH and Ruwido’s request entirely. On October 22, 2015, Ruwido filed its notice of appeal in this ruling. The parties have fully briefed and argued before the appellate court and we are awaiting the appellate court's ruling. In addition, on or about February 9, 2016, Ruwido filed a writ of summons for proceeding on the merits with respect to asserted patents. UEBV and Telenet have replied, denying all of Ruwido's allegations and in June 2017 a hearing was held before the trial court. During this hearing, Ruwido sought to have a second product which we are currently selling to Telenet included in this case. In September 2017, the Court ruled in our favor that our current product cannot be made part of this case. The Court also refused to rule on whether the original product (which we are no longer selling) infringes the Ruwido patent, instead deciding to wait until the European Patent Office has ruled on our Opposition (see below). Finally, the Court ruled that our original product (which we are no longer selling) infringes certain of Ruwido's design rights, but stayed any decision of compensation and/or damages until all aspects of the case have been decided. We have filed an appeal as to the Court's ruling of infringement and submissions by the parties are due to the Court during the first and second quarter of 2018. Finally, in September 2015, UEBV filed an Opposition with the European Patent Office seeking to invalidate the one utility patent asserted against UEBV and Telenet by Ruwido. The hearing on this opposition was held in July 2017. During this hearing the panel requested additional information. We have assembled this additional information and are awaiting the rehearing date. On September 5, 2017, Ruwido and FMH filed a patent infringement case on the merits against UEBV and Telenet in the Netherlands alleging the same claims of infringement as in the Belgium Courts (see above). This matter is in its early stages and as such we have not yet answered. But, as in the Belgium case, UEBV and Telenet will deny all claims of infringement and vigorously defend against these claims.

On March 15, 2017, one of our employees filed a lawsuit against us and certain of our employees in the Superior Court of California, County of Orange, claiming hostile work environment based on sexual orientation, intentional infliction of emotional distress, failure to prevent hostile work environment, retaliation, and constructive termination. On February 1, 2018, we entered into a Settlement Agreement and Release with the former employee to settle all litigation matters between us and the former employee. While the terms of this agreement are confidential, in exchange for and upon the dismissal with prejudice of all claims made by the former employee against us, we will pay an immaterial amount to the former employee. The dismissal was completed during February 2018.

There are no other material pending legal proceedings to which we or any of our subsidiaries is a party or of which our respective property is the subject. However, as is typical in our industry and to the nature and kind of business in which we are engaged, from time to time, various claims, charges and litigation are asserted or commenced by third parties against us or by us against third parties arising from or related to product liability, infringement of patent or other intellectual property rights, breach of warranty, contractual relations, or employee relations. The amounts claimed may be substantial but may not bear any reasonable relationship to the merits of the claims or the extent of any real risk of court awards assessed against us or in our favor. However, no assurances can be made as to the outcome of any of these matters, nor can we estimate the range of potential losses to us. In our opinion, final judgments, if any, which might be rendered against us in potential or pending litigation would not have a material adverse effect on our financial condition, results of operations, or cash flows. Moreover, we believe that our products do not infringe any third parties' patents or other intellectual property rights.

We maintain directors' and officers' liability insurance which insures our individual directors and officers against certain claims, as well as attorney's fees and related expenses incurred in connection with the defense of such claims.

Defined Benefit Plan

Our subsidiary in India maintains a defined benefit pension plan ("India Plan") for local employees, which is consistent with local statutes and practices. The pension plan was adequately funded on December 31, 2017 based on its latest actuarial report. The India Plan has an independent external manager that advises us of the appropriate funding contribution requirements to which we comply. At December 31, 2017, approximately 49 percent of our India subsidiary employees had qualified for eligibility. An individual must be employed by our India subsidiary for a minimum of five years before becoming eligible. Upon the termination, resignation or retirement of an eligible employee, we are liable to pay the employee an amount equal to 15 days salary for each full year of service completed. The total amount of liability outstanding at December 31, 2017 and 2016 for the India Plan was not material. During the years ended December 31, 2017, 2016, and 2015, the net periodic benefit costs were also not material.

Treasury Stock

12 Months Ended

Dec. 31, 2017

Equity [Abstract]

Treasury Stock

From time to time, our Board of Directors authorizes management to repurchase shares of our issued and outstanding common stock. As of December 31, 2017, we had no shares available for repurchase under the Board's authorizations.

Repurchased shares of our common stock were as follows:



	Year Ended December 31,
(In thousands)	2017		2016		2015
Shares repurchased	680		198		1,817
Cost of shares repurchased	$	39,085	$	12,647	$	89,395

Repurchased shares are recorded as shares held in treasury at cost. We hold these shares for future use as management and the Board of Directors deem appropriate.

Business Segment and Foreign Operations

12 Months Ended

Dec. 31, 2017

Segment Reporting [Abstract]

Business Segment and Foreign Operations

Reportable Segment

An operating segment, in part, is a component of an enterprise whose operating results are regularly reviewed by the chief operating decision maker to make decisions about resources to be allocated to the segment and assess its performance. Operating segments may be aggregated only to a limited extent. Our chief operating decision maker, the Chief Executive Officer, reviews financial information presented on a consolidated basis, accompanied by disaggregated information about revenues for purposes of making operating decisions and assessing financial performance. Accordingly, we only have a single operating and reportable segment.

Foreign Operations

Our net sales to external customers by geographic area were as follows:



	Year Ended December 31,
(In thousands)	2017		2016		2015
United States	$	345,838	$	338,338	$	287,678
Asia (excluding PRC)	104,668		89,527		109,960
People’s Republic of China	83,036		77,224		74,475
Europe	79,183		74,113		65,579
Latin America	54,113		47,286		38,985
Other	28,952		24,883		26,156
Total net sales	$	695,790	$	651,371	$	602,833

Specific identification of the customer billing location was the basis used for attributing revenues from external customers to geographic areas.

Long-lived tangible assets by geographic area were as follows:



	December 31,
(In thousands)	2017		2016
United States	$	14,674	$	11,948
People's Republic of China	96,984		94,113
All other countries	3,870		4,186
Total long-lived tangible assets	$	115,528	$	110,247

Stock-Based Compensation

12 Months Ended

Dec. 31, 2017

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Stock-Based Compensation

Stock-based compensation expense for each employee and director is presented in the same statement of operations caption as their cash compensation. Stock-based compensation expense by statement of operations caption and the related income tax benefit were as follows:



	Year Ended December 31,
(In thousands)	2017		2016		2015
Cost of sales	$	71	$	57	$	39
Research and development expenses	551		541		428
Selling, general and administrative expenses:
Employees	7,368		7,095		5,946
Outside directors	3,953		2,631		1,500
Total employee and director stock-based compensation expense	$	11,943	$	10,324	$	7,913

Income tax benefit	$	2,954	$	3,102	$	2,366

Stock Options

The assumptions we utilized in the Black-Scholes option pricing model and the resulting weighted average fair value of stock option grants were the following:



	Year Ended December 31,
	2017			2016			2015
Weighted average fair value of grants	$	19.61		$	17.96		$	24.47
Risk-free interest rate	1.75		%	1.36		%	1.39		%
Expected volatility	34.25		%	41.38		%	43.36		%
Expected life in years	4.52			4.55			4.57

Stock option activity was as follows:



	2017							2016							2015
	Number of Options (in 000's)		Weighted-Average Exercise Price		Weighted-Average Remaining Contractual Term (in years)	Aggregate Intrinsic Value (in 000's)		Number of Options (in 000's)		Weighted-Average Exercise Price		Weighted-Average Remaining Contractual Term (in years)	Aggregate Intrinsic Value (in 000's)		Number of Options (in 000's)		Weighted-Average Exercise Price		Weighted-Average Remaining Contractual Term (in years)	Aggregate Intrinsic Value (in 000's)
Outstanding at beginning of the year	652		$	39.27				648		$	30.50				650		$	25.56
Granted	92		62.70					243		49.67					77		64.81
Exercised	(56	)	25.72			$	2,140	(239	)	26.09			$	9,933	(71	)	23.97			$	2,193
Forfeited/canceled/expired	(168	)	46.44					—		—					(8	)	20.64
Outstanding at end of the year ⁽¹⁾	520		$	42.56	4.25	$	5,607	652		$	39.27	4.78	$	16,553	648		$	30.50	4.85	$	14,556
Vested and expected to vest at the end of the year ⁽¹⁾	520		$	42.56	4.25	$	5,607	652		$	39.27	4.78	$	16,548	648		$	30.50	4.85	$	14,551
Exercisable at the end of the year ⁽¹⁾	381		$	36.39	3.72	$	5,607	363		$	30.21	3.88	$	12,511	493		$	25.03	4.51	$	12,979

⁽¹⁾

The aggregate intrinsic value represents the total pre-tax value (the difference between our closing stock price on the last trading day of 2017, 2016, and 2015 and the exercise price, multiplied by the number of in-the-money options) that would have been received by the option holders had they all exercised their options on December 31, 2017, 2016, and 2015. This amount will change based on the fair market value of our stock.

On September 11, 2017, the independent members of our Board of Directors voluntarily surrendered 150,000 stock options originally granted to them in February 2016, resulting in the acceleration and recording of $1.2 million of stock-based compensation expense during the year ended December 31, 2017. This amount represented all remaining unamortized compensation expense associated with the surrendered stock options as of the surrender date.

During the years ended December 31, 2017, 2016, and 2015, there were no modifications made to outstanding stock options.

Cash received from option exercises for the years ended December 31, 2017, 2016, and 2015 was $1.4 million, $6.2 million, and $1.7 million, respectively. The actual tax benefit realized from option exercises was $0.7 million, $2.6 million and $0.5 million for the years ended December 31, 2017, 2016, and 2015, respectively.

Significant option groups outstanding at December 31, 2017 and the related weighted average exercise price and life information were as follows:



	Options Outstanding				Options Exercisable
Range of Exercise Prices	Number Outstanding (in 000’s)	Weighted-Average Remaining Contractual Term (in years)	Weighted-Average Exercise Price		Number Exercisable (in 000’s)	Weighted-Average Exercise Price
$18.25 to $21.95	155	3.79	$	19.92	155	$	19.92
26.48 to 27.74	17	0.30	27.02		17	27.02
35.28	85	3.12	35.28		85	35.28
51.38 to 65.54	263	5.14	59.31		124	59.10
	520	4.25	$	42.56	381	$	36.39

As of December 31, 2017, we expect to recognize $2.0 million of total unrecognized pre-tax stock-based compensation expense related to non-vested stock options over a remaining weighted-average life of 1.7 years.

On February 8, 2018, certain executive employees were granted 119,220 stock options in connection with the 2017 annual review cycle. The options were granted as part of long-term incentive compensation to assist us in meeting our performance and retention objectives and are subject to a three-year vesting period (33.33% on February 8, 2019 and 8.33% each quarter thereafter). The total grant date fair value of these awards was $1.7 million.

Restricted Stock

Non-vested restricted stock award activity was as follows:



	2017				2016				2015
	Shares (in 000’s)		Weighted-Average Grant Date Fair Value		Shares (in 000’s)		Weighted-Average Grant Date Fair Value		Shares (in 000’s)		Weighted-Average Grant Date Fair Value
Non-vested at beginning of the year	153		$	57.43	225		$	51.31	266		$	39.28
Granted	133		64.14		77		63.30		138		53.64
Vested	(119	)	59.67		(146	)	51.10		(178	)	35.09
Forfeited	(5	)	60.11		(3	)	60.17		(1	)	63.19
Non-vested at end of the year	162		$	61.19	153		$	57.43	225		$	51.31

As of December 31, 2017, we expect to recognize $7.7 million of total unrecognized pre-tax stock-based compensation expense related to non-vested restricted stock awards over a weighted-average life of 1.6 years.

In February 2018, certain executives and employees were granted 133,406 restricted stock awards in connection with the 2017 annual review cycle. These awards were granted as part of long-term incentive compensation to assist us in meeting our performance and retention objectives and are subject to a three-year vesting period (37,820 of these awards vest 33.33% on February 8, 2019 and 8.33% each quarter thereafter; and 95,586 of these awards vest at a rate of 33.33% per year beginning on February 21, 2019). The total grant date fair value of these awards was $6.0 million.

Stock Incentive Plans

Our active stock-based incentive plans include those adopted in 1999, 2003, 2006, 2010 and 2014 ("Stock Incentive Plans"). Under the Stock Incentive Plans, we may grant stock options, stock appreciation rights, restricted stock units, performance stock units, or any combination thereof for a period of ten years from the approval date of each respective plan, unless the plan is terminated by resolution of our Board of Directors. No stock appreciation rights or performance stock units have been awarded under our Stock Incentive Plans. Only directors and employees meeting certain employment qualifications are eligible to receive stock-based awards.

The grant price of stock option and restricted stock awards granted under our Stock Incentive Plans is the average of the high and low trades of our stock on the grant date. We prohibit the re-pricing or backdating of stock options. Our stock options become exercisable in various proportions over a three- or four-year time frame. Stock options have a maximum ten-year term. Restricted stock awards vest in various proportions over a one- to three-year time period.

Detailed information regarding our active Stock Incentive Plans was as follows at December 31, 2017:



Name	Approval Date	Initial Shares Available for Grant Under the Plan	Remaining Shares Available for Grant Under the Plan	Outstanding Shares Granted Under the Plan
1999A Stock Incentive Plan	10/7/1999	1,000,000	—	7,500
2003 Stock Incentive Plan	6/18/2003	1,000,000	—	14,391
2006 Stock Incentive Plan	6/13/2006	1,000,000	—	82,572
2010 Stock Incentive Plan	6/15/2010	1,000,000	—	203,303
2014 Stock Incentive Plan	6/12/2014	1,100,000	448,051	373,673
			448,051	681,439

Performance-Based Common Stock Warrants

12 Months Ended

Dec. 31, 2017

Equity [Abstract]

Performance-Based Common Stock Warrants

On March 9, 2016, we issued common stock purchase warrants to Comcast to purchase up to 725,000 shares of our common stock at a price of $54.55 per share. The right to exercise the warrants is subject to vesting over three successive two-year periods (with the first two-year period commencing on January 1, 2016) based on the level of purchases of goods and services from us by Comcast and its affiliates, as defined in the warrants. The table below presents the purchase levels and number of warrants that will vest in each period based upon achieving these purchase levels.



	Incremental Warrants That Will Vest
Aggregate Level of Purchases by Comcast and Affiliates	January 1, 2016 - December 31, 2017	January 1, 2018 - December 31, 2019	January 1, 2020 - December 31, 2021
$260 million	100,000	100,000	75,000
$300 million	75,000	75,000	75,000
$340 million	75,000	75,000	75,000
Maximum Potential Warrants Earned by Comcast	250,000	250,000	225,000

If total aggregate purchases by Comcast and its affiliates are below $260 million in any of the two-year periods above, no warrants will vest related to that two-year period. If total aggregate purchases of goods and services by Comcast and its affiliates exceed $340 million during either the first or second two-year period, the amount of any such excess will count toward aggregate purchases in the following two-year period. To fully vest in the rights to purchase all of the underlying shares, Comcast and its affiliates must purchase an aggregate of $1.02 billion in goods and services from us during the six-year vesting period.

Any and all warrants that vest will expire on January 1, 2023. The warrants provide for certain adjustments that may be made to the exercise price and the number of shares issuable upon exercise due to customary anti-dilution provisions. Additionally, in connection with the common stock purchase warrants, we have also entered into a registration rights agreement with Comcast under which Comcast may from time to time request that we register the shares of common stock underlying vested warrants with the SEC.

Because the warrants contain performance criteria under which Comcast must achieve specified aggregate purchase levels for the warrants to vest, as detailed above, the measurement date for the warrants is the date on which the warrants vest. For the first two-year period ended December 31, 2017, Comcast earned and vested in 175,000 out of the maximum potential 250,000 warrants.

The assumptions we utilized in the Black-Scholes option pricing model and the resulting weighted average fair value of the warrants were the following:



	Year ended December 31,
	2017		2016
Fair value	$19.49		$30.88
Price of Universal Electronics Inc. common stock	$55.61		$65.78
Risk-free interest rate	2.06	%	2.09	%
Expected volatility	34.30	%	39.30	%
Expected life in years	5.17		6.00

The impact to net sales recorded in connection with the warrants and the related income tax benefit were as follows:



	Year Ended December 31,
(in thousands)	2017		2016
Reduction to net sales	$	683	$	2,728
Income tax benefit	255		1,000

Other Income (Expense), Net

12 Months Ended

Dec. 31, 2017

Other Income and Expenses [Abstract]

Other Income (Expense), Net

Other income (expense), net consisted of the following:



	Year Ended December 31,
(In thousands)	2017			2016			2015
Net gain (loss) on foreign currency exchange contracts⁽¹⁾	$	(3,603	)	$	(1,251	)	$	294
Net gain (loss) on foreign currency exchange transactions	2,174			1,911			(522		)
Other income	581			180			221
Other income (expense), net	$	(848	)	$	840		$	(7	)


⁽¹⁾	This represents the gains and (losses) incurred on foreign currency hedging derivatives (see Note 20 for further details).

Earnings (Loss) Per Share

12 Months Ended

Dec. 31, 2017

Earnings Per Share [Abstract]

Earnings (Loss) Per Share

Earnings (loss) per share was calculated as follows:



	Year Ended December 31,
(In thousands, except per-share amounts)	2017			2016		2015
BASIC
Net income (loss) attributable to Universal Electronics Inc.	$	(10,323	)	$	20,354	$	29,174
Weighted-average common shares outstanding	14,351			14,465		15,248
Basic earnings (loss) per share attributable to Universal Electronics Inc.	$	(0.72	)	$	1.41	$	1.91
DILUTED
Net income (loss) attributable to Universal Electronics Inc.	$	(10,323	)	$	20,354	$	29,174
Weighted-average common shares outstanding for basic	14,351			14,465		15,248
Dilutive effect of stock options, restricted stock and common stock warrants	—			299		294
Weighted-average common shares outstanding on a diluted basis	14,351			14,764		15,542
Diluted earnings (loss) per share attributable to Universal Electronics Inc.	$	(0.72	)	$	1.38	$	1.88

The following number of stock options, shares of restricted stock and common stock warrants were excluded from the computation of diluted earnings (loss) per common share as their inclusion would have been anti-dilutive:



	Year Ended December 31,
(In thousands)	2017	2016	2015
Stock options	648	83	66
Restricted stock awards	221	10	28
Performance-based warrants	69	—	—

Derivatives

12 Months Ended

Dec. 31, 2017

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivatives

The following table sets forth the total net fair value of derivatives:



	December 31, 2017										December 31, 2016
	Fair Value Measurement Using							Total			Fair Value Measurement Using							Total
(In thousands)	Level 1		Level 2			Level 3		Balance			Level 1		Level 2			Level 3		Balance
Foreign currency exchange contracts	$	—	$	(565	)	$	—	$	(565	)	$	—	$	(1,584	)	$	—	$	(1,584	)

We held foreign currency exchange contracts which resulted in a net pre-tax gain of $3.6 million, a net pre-tax loss of $1.3 million, and a net pre-tax gain of $0.3 million for the years ended December 31, 2017, 2016, and 2015, respectively (see Note 18).

Details of foreign currency exchange contracts held were as follows:



Date Held	Type	Position Held	Notional Value (in millions)		Forward Rate	Unrealized Gain/(Loss) Recorded at Balance Sheet Date (in thousands)⁽¹⁾			Settlement Date
December 31, 2017	USD/Euro	USD	$	17.0	1.1858	$	(220	)	January 5, 2018
December 31, 2017	USD/Chinese Yuan Renminbi	Chinese Yuan Renminbi	$	20.0	6.6481	$	(410	)	January 5, 2018
December 31, 2017	USD/Brazilian Real	USD	$	2.5	3.2350	$	65		January 24, 2018

December 31, 2016	USD/Euro	USD	$	18.0	1.0513	$	(61	)	January 27, 2017
December 31, 2016	USD/Chinese Yuan Renminbi	Chinese Yuan Renminbi	$	25.0	6.7230	$	(974	)	January 13, 2017
December 31, 2016	USD/Chinese Yuan Renminbi	Chinese Yuan Renminbi	$	10.0	6.6757	$	(457	)	January 13, 2017
December 31, 2016	USD/Brazilian Real	USD	$	2.0	3.4775	$	(131	)	January 13, 2017
December 31, 2016	USD/Brazilian Real	USD	$	4.0	3.2316	$	39		January 13, 2017


⁽¹⁾	Unrealized gains on foreign currency exchange contracts are recorded in prepaid expenses and other current assets. Unrealized losses on foreign currency exchange contracts are recorded in other accrued liabilities.

Employee Benefit Plans	12 Months Ended
Employee Benefit Plans	Dec. 31, 2017
Retirement Benefits [Abstract]
Employee Benefit Plans	Employee Benefit Plans We maintain a retirement and profit sharing plan under Section 401(k) of the Internal Revenue Code for all of our domestic employees that meet certain qualifications. Participants in the plan may elect to contribute up to the maximum allowed by law. We match 50% of the participants’ contributions up to 15% of their gross salary in the form of newly issued shares of our common stock. We may also make other discretionary contributions to the plan. We recorded $0.6 million, $0.9 million and $0.9 million of expense for company contributions for the years ended December 31, 2017, 2016, and 2015, respectively.

Business Combinations

12 Months Ended

Dec. 31, 2017

Business Combinations [Abstract]

Business Combinations

Ecolink Intelligent Technology, Inc. Acquisition

On August 4, 2015, we entered into an Asset Purchase Agreement (the "APA") to acquire substantially all of the net assets of Ecolink Intelligent Technology, Inc. ("Ecolink"), a leading developer of smart home technology that designs, develops and manufactures a wide range of intelligent wireless security and home automation products. This transaction closed on August 31, 2015. The purchase price of $24.1 million was comprised of $12.9 million in cash and $11.2 million of contingent consideration. Additionally, we incurred $0.2 million in acquisition costs, consisting primarily of legal and accounting expenses, which are included within selling, general and administrative expenses for the year ended December 31, 2015. The acquisition of these assets will allow us to extend our product offerings to include home security and automation products previously marketed by Ecolink and to sell these products to our existing customers.

Included in the net assets acquired from Ecolink was a 50% ownership interest in Encore Controls LLC ("Encore"), a developer of smart home technology that designs and sells intelligent wireless fire safety products for use in home security systems.

At the time of acquisition, management determined that we were the primary beneficiary of Encore due to our ability to direct the activities that most significantly impacted the economic performance of Encore, and thus we consolidated the financial statements of Encore commencing on the acquisition date. The aggregate fair value of Encore’s net assets on the acquisition date was $0.7 million, of which $0.4 million was attributable to the noncontrolling interest. The fair value attributable to the noncontrolling interest was based on the noncontrolling interest's ownership percentage in the fair values of the assets and liabilities of Encore.

On April 21, 2016, we sold our ownership interest in Encore to Encore's noncontrolling interest holder in exchange for full rights and ownership of Encore's patents and developed technology as well as the noncontrolling interest's portion of certain of Encore's tangible net assets. Additionally, as a condition of the sale of our ownership interest in Encore, we agreed to grant a royalty-free license to Encore for the use of Encore's developed technology and patents in connection with selling specific products to specific customers. As a result of this transaction, we no longer have any involvement with Encore other than the granting of this limited license. Upon deconsolidation, we recorded a gain of $65 thousand, based on the difference between the fair value of the net assets received and our ownership interest in Encore. This gain is presented in our consolidated statement of operations within other income (expense), net for the year ended December 31, 2016.

Our consolidated statements of operations for the years ended December 31, 2017, 2016 and 2015 include net sales of $33.0 million, $4.8 million and $1.3 million, respectively, and net losses of $0.7 million, $1.6 million and $1.0 million attributable to Ecolink.

Contingent Consideration

We are required to make annual earnout payments upon the achievement of certain operating income levels attributable to Ecolink over the five year period from 2016 through 2020. The amount of earnout contingent consideration has no upper limit and is calculated at the end of each calendar year based upon certain percentages of operating income target levels as defined in the APA. Ecolink's operating income will be calculated using certain revenues, costs and expenses directly attributable to Ecolink as specified in the APA. At the acquisition date, the value of earnout contingent consideration was estimated using a valuation methodology based on projections of future operating income calculated in accordance with the APA. Such projections were then discounted using an average discount rate of 15.5% to reflect the risk in achieving the projected operating income levels as well as the time value of money. The fair value measurement of the earnout contingent consideration was based primarily on significant inputs not observable in an active market and thus represents a Level 3 measurement as defined under U.S. GAAP. At December 31, 2015 the fair value of the earnout contingent consideration was $11.8 million. During the year ended December 31, 2016, the fair value of the earnout contingent consideration decreased $1.3 million to $10.5 million, and during the year ended December 31, 2017, the fair value of earnout contingent consideration increased $4.4 million to $14.9 million. Changes in the fair value of earnout contingent consideration primarily reflect adjustments to the timing and amount of earnout payments as well as the related accretion driven by the time value of money. These adjustments are recorded within selling, general and administrative expenses. At December 31, 2017, $3.8 million of the earnout contingent consideration liability attributable to Ecolink is presented within other accrued liabilities, and the remaining $11.1 million is presented within long-term contingent consideration in our consolidated balance sheet.

Purchase Price Allocation

Using the acquisition method of accounting, the acquisition date fair value of the consideration transferred was allocated to the net tangible and intangible assets acquired and liabilities assumed based on their estimated fair values on the acquisition date. The excess of the purchase price over the estimated fair value of net assets acquired was recorded as goodwill. The goodwill is expected to be deductible for income tax purposes. Management's purchase price allocation was the following:



(in thousands)	Estimated Lives	Fair Value
Cash and cash equivalents		$	685
Accounts receivable		374
Inventories		1,412
Prepaid expenses and other current assets		253
Property, plant and equipment	1-4 years	16
Non-interest bearing liabilities		(1,557		)
Net tangible assets acquired		1,183
Trade name	7 years	400
Developed technology	4-14 years	9,080
Customer relationships	5 years	1,300
Goodwill		12,564
Total purchase price		24,527
Noncontrolling interest in Encore		(378		)
Net purchase price		24,149
Less: Contingent consideration		(11,200		)
Cash paid		$	12,949

Management's determination of the fair value of intangible assets acquired was based primarily on significant inputs not observable in an active market and thus represent Level 3 fair value measurements as defined under U.S. GAAP.

The fair value assigned to Ecolink’s trade name intangible asset was determined utilizing a relief from royalty method. Under the relief from royalty method, the fair value of the intangible asset is estimated to be the present value of the royalties saved because the company owns the intangible asset. Revenue projections and estimated useful life were significant inputs into estimating the value of Ecolink’s trade name.

The fair value assigned to Ecolink's developed technology was determined utilizing a multi-period excess earnings approach. Under the multi-period excess earnings approach, the fair value of the intangible asset is estimated to be the present value of future earnings attributable to the asset and utilizes revenue and cost projections, including an assumed contributory asset charge.

The fair value assigned to Ecolink's customer relationships intangible asset was determined utilizing the with and without method. Under the with and without method, the fair value of the intangible asset is estimated based on the difference in projected earnings utilizing the existing Ecolink customer base versus projected earnings based on starting with no customers and reacquiring the customer base. Revenue and earnings projections were significant inputs into estimating the value of Ecolink’s customer relationships.

The trade name, developed technology and customer relationships intangible assets are expected to be deductible for income tax purposes.

Residential Control Systems, Inc. Acquisition

On April 6, 2017, we acquired substantially all of the net assets of Residential Control Systems, Inc. ("RCS"), a U.S.-based designer and manufacturer of energy management and control products for the residential, small commercial and hospitality markets. The purchase price of $12.6 million was comprised of $8.9 million in cash and $3.7 million of contingent consideration. Additionally, we incurred $0.1 million in acquisition costs, consisting primarily of accounting related expenses, which are included within selling, general and administrative expenses for the year ended December 31, 2017. The acquisition of these assets will allow us to expand our product offering of home sensing, monitoring and control solutions to include smart thermostat, sensing and monitoring products previously sold and marketed by RCS.

Our consolidated statement of operations for the year ended December 31, 2017 includes net sales and a net loss of $3.5 million and $0.4 million, respectively, attributable to RCS for the period commencing on April 6, 2017.

Contingent Consideration

We are required to make additional earnout payments of up to $10.0 million upon the achievement of certain operating income levels attributable to RCS over the period commencing on the acquisition date through June 30, 2022. The amount of contingent consideration is calculated at the end of each calendar year and is based on the agreed upon percentage of operating income as defined in the RCS Asset Purchase Agreement (the "RCS APA"). Operating income will be calculated using certain revenues, costs and expenses directly attributable to RCS as specified in the RCS APA. At the acquisition date, the value of earnout contingent consideration was estimated using a valuation methodology based on projections of future operating income calculated in accordance with the RCS APA. Such projections were then discounted using an average discount rate of 24.8% to reflect the risk in achieving the projected operating income levels as well as the time value of money. The fair value measurement of the earnout contingent consideration was based primarily on significant inputs not observable in an active market and thus represents a Level 3 measurement as defined under U.S. GAAP. At December 31, 2017, the fair value of earnout contingent consideration attributable to RCS was $2.3 million, which is presented within long-term contingent consideration in our consolidated balance sheet.

Purchase Price Allocation

Using the acquisition method of accounting, the acquisition date fair value of the consideration transferred was allocated to the net tangible and intangible assets acquired and liabilities assumed based on their estimated fair values on the acquisition date. The excess of the purchase price over the estimated fair value of net assets acquired is recorded as goodwill. The goodwill is expected to be deductible for income tax purposes. Management's purchase price allocation was the following:



(in thousands)	Estimated Lives	Fair Value
Accounts receivable		$	429
Inventories		1,508
Prepaid expenses and other current assets		7
Property, plant and equipment	1-4 years	14
Current liabilities		(408		)
Net tangible assets acquired		1,550
Trade name	8 years	400
Customer relationships	10 years	5,000
Order backlog	1 year	150
Goodwill		5,494
Total purchase price		12,594
Less: Contingent consideration		(3,700		)
Cash paid		$	8,894

The fair value assigned to the RCS trade name intangible asset was determined utilizing a relief from royalty method. The fair value assigned to RCS customer relationships and order backlog intangible assets were determined utilizing a multi-period excess earnings approach. The relief from royalty and multi-period excess earnings methodologies are further described above.

The trade name, customer relationships and order backlog intangible assets are expected to be deductible for income tax purposes.

Pro Forma Results (Unaudited)

The following unaudited pro forma financial information presents the combined results of our operations and the operations of RCS as if the RCS acquisition had occurred on January 1, 2016. This unaudited pro forma financial information is not intended to represent or be indicative of the consolidated results of operations that would have been achieved had the acquisition actually been completed as of January 1, 2016, and should not be taken as a projection of the future consolidated results of our operations.



	Year Ended December 31,
(In thousands, except per-share amounts)	2017			2016
Net sales	$	696,352		$	659,272
Net income (loss)	(10,538		)	19,997
Net income (loss) attributable to Universal Electronics Inc.	(10,538		)	19,967
Basic earnings (loss) per share attributable to Universal Electronics Inc.	(0.73		)	1.38
Diluted earnings (loss) per share attributable to Universal Electronics Inc.	(0.73		)	1.35

For purposes of determining pro forma net income (loss) attributable to Universal Electronics Inc., adjustments were made to all periods presented in the table above. The pro forma net income (loss) and net income (loss) attributable to Universal Electronics Inc. assume that amortization of acquired intangible assets began at January 1, 2016 rather than on April 6, 2017. The result is a net increase in amortization expense of $0.1 million and $0.7 million for the years ended December 31, 2017 and 2016, respectively. Additionally, acquisition costs totaling $0.2 million are excluded from pro forma net income (loss) and net income (loss) attributable to Universal Electronics Inc. All adjustments have been made net of their related tax effects.

Quarterly Financial Data (Unaudited)

12 Months Ended

Dec. 31, 2017

Quarterly Financial Information Disclosure [Abstract]

Quarterly Financial Data (Unaudited)

Summarized quarterly financial data is as follows:



	2017
(In thousands, except per share amounts)	March 31,			June 30,		September 30,		December 31,
Net sales	$	161,406		$	177,580	$	175,652	$	181,152
Gross profit	41,034			43,751		43,070		37,852
Operating income (loss)	(365		)	7,303		4,212		(480		)
Net income (loss)	119			4,684		1,728		(16,854		)
Net income (loss) attributable to Universal Electronics Inc.	119			4,684		1,728		(16,854		)

Earnings (loss) per share attributable to Universal Electronics Inc. ⁽¹⁾:
Basic	$	0.01		$	0.33	$	0.12	$	(1.19	)
Diluted	$	0.01		$	0.32	$	0.12	$	(1.19	)



	2016
(In thousands, except per share amounts)	March 31,		June 30,		September 30,		December 31,
Net sales	$	150,658	$	170,986	$	169,185	$	160,542
Gross profit	37,647		43,456		41,785		41,236
Operating income	3,041		7,969		8,121		6,266
Net income	2,743		6,598		7,807		3,236
Net income attributable to Universal Electronics Inc.	2,721		6,590		7,807		3,236
Earnings per share attributable to Universal Electronics Inc.⁽¹⁾:
Basic	$	0.19	$	0.46	$	0.54	$	0.22
Diluted	$	0.19	$	0.45	$	0.53	$	0.22


⁽¹⁾	The earnings per common share calculations for each of the quarters were based upon the weighted average number of shares and share equivalents outstanding during each period, and the sum of the quarters may not be equal to the full year earnings per share amounts.

Summary of Significant Accounting Policies (Policies)

12 Months Ended

Dec. 31, 2017

Accounting Policies [Abstract]

Principles of Consolidation

Estimates and Assumptions

Revenue Recognition

Income Taxes

Research and Development

Research and development costs are expensed as incurred and consist primarily of salaries, employee benefits, supplies and materials.

Advertising

Advertising costs are expensed as incurred.

Shipping and Handling Fees and Costs

We include shipping and handling fees billed to customers in net sales. Shipping and handling costs associated with in-bound freight are recorded in cost of goods sold.

Stock-Based Compensation

We determine the fair value of restricted stock awards utilizing the average of the high and low trade prices of our Company's shares on the date they were granted.

Performance-Based Common Stock Warrants

Foreign Currency Translation and Foreign Currency Transactions

Earnings Per Share

Financial Instruments

Cash and Cash Equivalents

Allowance for Doubtful Accounts

See Note 4 for further information concerning our allowance for doubtful accounts.

Inventories

Property, Plant and Equipment

Property, Plant, and Equipment

Estimated useful lives are as follows:



Buildings	25-33 Years
Tooling and equipment	2-7 Years
Computer equipment	3-5 Years
Software	3-7 Years
Furniture and fixtures	5-8 Years
Leasehold and building improvements	Lesser of lease term or useful life (approximately 2 to 10 years)

See Note 6 for further information concerning our property, plant, and equipment.

Goodwill

See Note 7 for further information concerning goodwill.

Long-Lived and Intangible Assets Impairment

See Notes 6 and 15 for further information concerning long-lived assets. See Note 7 for further information concerning intangible assets.

Capitalized Software Development Costs

Capitalized software development costs are amortized on a product-by-product basis. Amortization is recorded in cost of sales and is the greater of the amounts computed using:


a.	the net book value at the beginning of the period multiplied by the ratio that current gross revenues for a product bear to the total of current and anticipated future gross revenues for that product; or


b.	the straight-line method over the remaining estimated economic life of the product including the period being reported on.

The amortization of capitalized software development costs begins when the related product is available for general release to customers. The amortization period is generally two years.

Business Combinations


•	future cash flow from customer contracts, customer lists, distribution agreements, acquired developed technologies, trademarks, trade names and patents;


•	expected costs to complete development of in-process technology into commercially viable products and cash flows from the products once they are completed;


•	brand awareness and market position as well as assumptions regarding the period of time the brand will continue to be used in our product portfolio; and


•	discount rates utilized in discounted cash flow models.

Results of operations and cash flows of acquired businesses are included in our operating results from the date of acquisition.

See Note 22 for further information concerning business combinations.

Derivatives

Fair-Value Measurements



Level 1:	Quoted prices (unadjusted) for identical instruments in active markets.

Level 2:	Quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, and model-based valuation techniques for which all significant assumptions are observable in the market or can be corroborated by observable market data for substantially the full term of the assets or liabilities.

Level 3:	Prices or valuations that require management inputs that are both significant to the fair value measurement and unobservable.

Recent Accounting Pronouncements

Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2017

Accounting Policies [Abstract]

Property, plant and equipment useful lives

Estimated useful lives are as follows:



Buildings	25-33 Years
Tooling and equipment	2-7 Years
Computer equipment	3-5 Years
Software	3-7 Years
Furniture and fixtures	5-8 Years
Leasehold and building improvements	Lesser of lease term or useful life (approximately 2 to 10 years)

Construction in progress was as follows:



	December 31,
(In thousands)	2017		2016
Buildings	$	—	$	118
Machinery and equipment	3,884		4,625
Tooling	3,697		2,219
Leasehold and building improvements	1,014		1,335
Software	5,714		7,674
Other	188		107
Total construction in progress	$	14,497	$	16,078

Property, plant, and equipment, net were as follows:



	December 31,
(In thousands)	2017			2016
Buildings	$	37,937		$	48,367
Machinery and equipment	57,441			67,726
Tooling	37,191			31,773
Leasehold and building improvements	15,748			22,680
Software	18,240			11,581
Furniture and fixtures	5,620			3,794
Computer equipment	7,154			5,120
	179,331			191,041
Accumulated depreciation	(82,866		)	(101,768		)
	96,465			89,273
Construction in progress	14,497			16,078
Total property, plant, and equipment, net	$	110,962		$	105,351

Cash and Cash Equivalents and Restricted Cash (Tables)

12 Months Ended

Dec. 31, 2017

Cash and Cash Equivalents [Abstract]

Schedule of Cash and Cash Equivalents

Cash and cash equivalents were held in the following geographic regions:



	December 31,
(In thousands)	2017		2016
United States	$	10,489	$	3,277
People's Republic of China ("PRC")	23,283		22,142
Asia (excluding the PRC)	1,405		5,260
Europe	18,071		19,630
South America	9,190		302
Total cash and cash equivalents	$	62,438	$	50,611

Accounts Receivable, Net and Revenue Concentrations (Tables)

12 Months Ended

Dec. 31, 2017

Receivables [Abstract]

Schedule of Accounts Receivable and Allowance for Doubtful Accounts

Accounts receivable, net were as follows:



	December 31,
(In thousands)	2017			2016
Trade receivables, gross	$	142,299		$	120,965
Allowance for doubtful accounts	(1,064		)	(904		)
Allowance for sales returns	(562		)	(539		)
Net trade receivables	140,673			119,522
Other	10,905			5,070
Accounts receivable, net	$	151,578		$	124,592

Allowance for Doubtful Accounts

Changes in the allowance for doubtful accounts were as follows:



(In thousands)	Year Ended December 31,
(In thousands)	2017			2016			2015
Balance at beginning of period	$	904		$	822		$	616
Additions to costs and expenses	166			183			299
(Write-offs)/Foreign exchange effects	(6		)	(101		)	(93		)
Balance at end of period	$	1,064		$	904		$	822

Schedule of Significant Customers to Net Sales

Net sales to the following customers totaled more than 10% of our net sales:



	Year Ended December 31,
	2017				2016				2015
	$ (thousands)		% of Net Sales		$ (thousands)		% of Net Sales		$ (thousands)		% of Net Sales
Comcast Corporation	$	159,829	23.0	%	$	149,476	22.9	%	$	129,475	21.5	%
AT&T	77,888		11.2		74,704		11.5		80,820		13.4

Schedule of Significant Customers to Accounts Receivable

Trade receivables associated with these significant customers that totaled more than 10% of our accounts receivable, net were as follows:



	December 31,
	2017						2016
	$ (thousands)			% of Accounts Receivable, Net			$ (thousands)		% of Accounts Receivable, Net
Comcast Corporation	$	25,142		16.6	%		$	23,716	19.0	%
AT&T	—		⁽¹⁾	—		⁽¹⁾	14,108		11.3

⁽¹⁾ Trade receivables associated with this customer did not total more than 10% of our accounts receivable, net at December 31, 2017.

Inventories, Net and Significant Suppliers (Tables)

12 Months Ended

Dec. 31, 2017

Inventory Disclosure [Abstract]

Schedule of Inventories, Net

Inventories, net were as follows:



	December 31,
(In thousands)	2017			2016
Raw materials	$	43,638		$	33,059
Components	16,214			15,046
Work in process	1,847			5,860
Finished goods	105,178			80,119
Reserve for excess and obsolete inventory	(4,288		)	(4,205		)
Inventories, net	$	162,589		$	129,879

Schedule of Reserve for Excess and Obsolete Inventory

Changes in the reserve for excess and obsolete inventory were as follows:



	Year Ended December 31,
(In thousands)	2017			2016			2015
Balance at beginning of period	$	4,205		$	3,045		$	2,539
Additions charged to costs and expenses ⁽¹⁾	3,685			3,464			3,070
Sell through⁽²⁾	(1,242		)	(1,116		)	(1,108		)
(Write-offs)/Foreign exchange effects	(2,360		)	(1,188		)	(1,456		)
Balance at end of period	$	4,288		$	4,205		$	3,045


⁽¹⁾	The additions charged to costs and expenses do not include inventory directly written-off that was scrapped during production totaling $0.4 million, $0.3 million, and $0.3 million for the years ended December 31, 2017, 2016, and 2015, respectively. These amounts are production waste and are not included in management’s reserve for excess and obsolete inventory.


⁽²⁾	These amounts represent the reversal of reserves associated with inventory items that were sold during the period.

Schedule of Significant Supplier Transactions

We purchase integrated circuits, components and finished goods from multiple sources. Purchases from the following supplier totaled more than 10% of our total inventory purchases:



	Year Ended December 31,
	2017				2016				2015 ⁽¹⁾
	$ (thousands)		% of Total Inventory Purchases		$ (thousands)		% of Total Inventory Purchases		$ (thousands)		% of Total Inventory Purchases
Texas Instruments	$	42,058	10.0	%	$	42,370	11.7	%	$	—	—	%

⁽¹⁾ No single supplier provided more than 10% of our total inventory purchases during the year ended December 31, 2015.

Schedule of Related Party Transactions

Inventory purchases from this supplier were as follows:



	Year Ended December 31,
	2017				2016				2015
	$ (thousands)		% of Total Inventory Purchases		$ (thousands)		% of Total Inventory Purchases		$ (thousands)		% of Total Inventory Purchases
Related party supplier	$	5,217	1.2	%	$	6,350	1.8	%	$	8,550	2.5	%

Total accounts payable to this supplier were as follows:



	December 31,
	2017				2016
	$ (thousands)		% of Accounts Payable		$ (thousands)		% of Accounts Payable
Related party supplier	$	1,500	1.3	%	$	1,690	1.7	%

Property, Plant, and Equipment, Net (Tables)

12 Months Ended

Dec. 31, 2017

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment, Net

Estimated useful lives are as follows:



Buildings	25-33 Years
Tooling and equipment	2-7 Years
Computer equipment	3-5 Years
Software	3-7 Years
Furniture and fixtures	5-8 Years
Leasehold and building improvements	Lesser of lease term or useful life (approximately 2 to 10 years)

Construction in progress was as follows:



	December 31,
(In thousands)	2017		2016
Buildings	$	—	$	118
Machinery and equipment	3,884		4,625
Tooling	3,697		2,219
Leasehold and building improvements	1,014		1,335
Software	5,714		7,674
Other	188		107
Total construction in progress	$	14,497	$	16,078

Property, plant, and equipment, net were as follows:



	December 31,
(In thousands)	2017			2016
Buildings	$	37,937		$	48,367
Machinery and equipment	57,441			67,726
Tooling	37,191			31,773
Leasehold and building improvements	15,748			22,680
Software	18,240			11,581
Furniture and fixtures	5,620			3,794
Computer equipment	7,154			5,120
	179,331			191,041
Accumulated depreciation	(82,866		)	(101,768		)
	96,465			89,273
Construction in progress	14,497			16,078
Total property, plant, and equipment, net	$	110,962		$	105,351

Goodwill and Intangible Assets, Net (Tables)

12 Months Ended

Dec. 31, 2017

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

Changes in the carrying amount of goodwill were as follows:



(In thousands)
Balance at December 31, 2015	$	43,116
Foreign exchange effects	(64		)
Balance at December 31, 2016	43,052
Goodwill acquired during the period ⁽¹⁾	5,494
Foreign exchange effects	105
Balance at December 31, 2017	$	48,651


⁽¹⁾	During 2017, we recognized $5.5 million of goodwill related to the Residential Control Systems, Inc. acquisition. Refer to Note 22 for further information about this acquisition.

Schedule of Components of Intangible Assets

The components of intangible assets, net were as follows:



	December 31,
	2017							2016
(In thousands)	Gross ⁽¹⁾		Accumulated Amortization ⁽¹⁾			Net ⁽¹⁾		Gross ⁽¹⁾		Accumulated Amortization ⁽¹⁾			Net ⁽¹⁾
Distribution rights (10 years)	$	344	$	(165	)	$	179	$	302	$	(119	)	$	183
Patents (10 years)	13,250		(5,310		)	7,940		12,038		(4,775		)	7,263
Trademarks and trade names (10 years) ⁽²⁾	2,786		(1,594		)	1,192		2,400		(1,310		)	1,090
Developed and core technology (5-15 years)	12,560		(6,071		)	6,489		12,585		(4,068		)	8,517
Capitalized software development costs (2 years)	142		(77		)	65		142		(5		)	137
Customer relationships (10-15 years) ⁽²⁾	32,534		(19,395		)	13,139		27,703		(16,344		)	11,359
Order Backlog (1 year) ⁽²⁾	150		(113		)	37		—		—			—
Total intangible assets, net	$	61,766	$	(32,725	)	$	29,041	$	55,170	$	(26,621	)	$	28,549


⁽¹⁾	This table excludes the gross value of fully amortized intangible assets totaling $6.0 million and $10.2 million on December 31, 2017 and 2016, respectively.

⁽²⁾

Intangible Assets Amortization Expense

Amortization expense by statement of operations caption was as follows:



	Year Ended December 31,
(In thousands)	2017		2016		2015
Cost of sales	$	184	$	76	$	123
Selling, general and administrative expenses	6,772		6,198		4,719
Total amortization expense	$	6,956	$	6,274	$	4,842

Schedule of Estimated Future Amortization Expense

Estimated future annual amortization expense related to our intangible assets at December 31, 2017, is as follows:



(In thousands)
2018	$	7,275
2019	7,070
2020	5,925
2021	2,418
2022	2,307
Thereafter	4,046
Total	$	29,041

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2017

Income Tax Disclosure [Abstract]

Schedule of Pre-Tax Income (Loss)

In 2017, 2016 and 2015, pre-tax income (loss) was attributed to the following jurisdictions:



	Year Ended December 31,
(In thousands)	2017			2016		2015
Domestic operations	$	(12,852	)	$	165	$	(6,857	)
Foreign operations	20,140			25,023		42,832
Total	$	7,288		$	25,188	$	35,975

Schedule of Components of Income Tax Expense (Benefit)

The provision for income taxes charged to operations was as follows:



	Year Ended December 31,
(In thousands)	2017			2016			2015
Current tax expense:
U.S. federal	$	3,406		$	1,748		$	2,726
State and local	72			374			189
Foreign	8,304			4,150			9,028
Total current	11,782			6,272			11,943
Deferred tax (benefit) expense:
U.S. federal	9,495			(1,416		)	(4,588		)
State and local	(369		)	(356		)	(87		)
Foreign	(3,297		)	304			(466		)
Total deferred	5,829			(1,468		)	(5,141		)
Total provision for income taxes	$	17,611		$	4,804		$	6,802

Schedule of Deferred Tax Assets and Liabilities

Net deferred tax assets were comprised of the following:



	December 31,
(In thousands)	2017			2016
Deferred tax assets:
Inventory reserves	$	1,104		$	1,396
Capitalized research costs	23			44
Capitalized inventory costs	609			704
Net operating losses	999			485
Acquired intangible assets	287			136
Accrued liabilities	1,239			4,739
Income tax credits	8,861			12,509
Stock-based compensation	2,712			3,376
Amortization of intangible assets	526			—
Total deferred tax assets	16,360			23,389
Deferred tax liabilities:
Depreciation	(944		)	(2,924		)
Allowance for doubtful accounts	(444		)	(241		)
Amortization of intangible assets	—			(780		)
Other	(2,680		)	(1,479		)
Total deferred tax liabilities	(4,068		)	(5,424		)
Net deferred tax assets before valuation allowance	12,292			17,965
Less: Valuation allowance	(8,802		)	(8,635		)
Net deferred tax assets	$	3,490		$	9,330

Schedule of Effective Income Tax Rate Reconciliation



	Year Ended December 31,
(In thousands)	2017			2016			2015
Tax provision at statutory U.S. rate	$	2,551		$	8,554		$	12,232
Increase (decrease) in tax provision resulting from:
State and local taxes, net	(733		)	(553		)	(554		)
Foreign tax rate differential	(296		)	(3,244		)	(5,762		)
Foreign undistributed earnings, net of credits	14,211			—			—
Nondeductible items	891			839			874
Federal research and development credits	(620		)	(710		)	(678		)
Non-territorial income	(1,517		)	(1,458		)	(1,906		)
Withholding tax	1,078			1,762			1,985
Change in deductibility of social insurance	5			8			649
Uncertain tax positions	1,344			165			10
Stock-based compensation	479			—			—
Federal tax rate change	686			—			—
Valuation allowance	149			1,598			621
Foreign permanent benefit	(451		)	(2,110		)	(675		)
Other	(166		)	(47		)	6
Tax provision	$	17,611		$	4,804		$	6,802

Schedule of Unrecognized Tax Benefits Roll Forward

Changes to our gross unrecognized tax benefits were as follows:



	Year ended December 31,
(In thousands)	2017			2016			2015
Balance at beginning of period	$	3,622		$	3,469		$	3,486
Additions as a result of tax provisions taken during the current year	1,489			305			463
Subtractions as a result of tax provisions taken during the prior year	—			—			(161		)
Foreign currency translation	90			(93		)	(79		)
Lapse in statute of limitations	(141		)	(67		)	(241		)
Settlements	—			—			—
Other	21			8			1
Balance at end of period	$	5,081		$	3,622		$	3,469

Accrued Compensation (Tables)

12 Months Ended

Dec. 31, 2017

Payables and Accruals [Abstract]

Components of Accrued Compensation

The components of accrued compensation were as follows:



	December 31,
(In thousands)	2017		2016
Accrued social insurance⁽¹⁾	$	17,727	$	19,974
Accrued salary/wages	7,910		7,903
Accrued vacation/holiday	2,769		2,411
Accrued bonus⁽²⁾	2,329		2,421
Accrued commission	1,089		933
Accrued medical insurance claims	286		122
Other accrued compensation	2,389		1,816
Total accrued compensation	$	34,499	$	35,580

⁽¹⁾

⁽²⁾

The components of other accrued liabilities were as follows:



	December 31,
(In thousands)	2017		2016
Advertising and marketing	$	232	$	213
Deferred revenue	215		1,431
Deposit for sale of Guangzhou factory	4,901		—
Duties	1,184		1,127
Freight and handling fees	1,983		1,919
Product development	974		454
Product warranty claim costs	339		134
Professional fees	1,578		1,313
Property, plant and equipment	2,151		1,017
Sales taxes and VAT	2,955		2,715
Short-term contingent consideration	3,800		—
Third-party commissions	599		853
Tooling ⁽¹⁾	1,843		1,520
Unrealized loss on foreign currency exchange contracts	630		1,623
URC court order and settlement agreement (Notes 3 and 13)	13		6,622
Utilities	103		331
Other	5,219		3,138
Total other accrued liabilities	$	28,719	$	24,410


⁽¹⁾	The tooling accrual balance relates to unearned revenue for tooling that will be sold to customers.

Other Accrued Liabilities (Tables)

12 Months Ended

Dec. 31, 2017

Payables and Accruals [Abstract]

Components of Other Accrued Liabilities

The components of accrued compensation were as follows:



	December 31,
(In thousands)	2017		2016
Accrued social insurance⁽¹⁾	$	17,727	$	19,974
Accrued salary/wages	7,910		7,903
Accrued vacation/holiday	2,769		2,411
Accrued bonus⁽²⁾	2,329		2,421
Accrued commission	1,089		933
Accrued medical insurance claims	286		122
Other accrued compensation	2,389		1,816
Total accrued compensation	$	34,499	$	35,580

⁽¹⁾

⁽²⁾

The components of other accrued liabilities were as follows:



	December 31,
(In thousands)	2017		2016
Advertising and marketing	$	232	$	213
Deferred revenue	215		1,431
Deposit for sale of Guangzhou factory	4,901		—
Duties	1,184		1,127
Freight and handling fees	1,983		1,919
Product development	974		454
Product warranty claim costs	339		134
Professional fees	1,578		1,313
Property, plant and equipment	2,151		1,017
Sales taxes and VAT	2,955		2,715
Short-term contingent consideration	3,800		—
Third-party commissions	599		853
Tooling ⁽¹⁾	1,843		1,520
Unrealized loss on foreign currency exchange contracts	630		1,623
URC court order and settlement agreement (Notes 3 and 13)	13		6,622
Utilities	103		331
Other	5,219		3,138
Total other accrued liabilities	$	28,719	$	24,410


⁽¹⁾	The tooling accrual balance relates to unearned revenue for tooling that will be sold to customers.

Leases (Tables)

12 Months Ended

Dec. 31, 2017

Leases [Abstract]

Schedule of Future Minimum Rental Payments for Operating Leases

Estimated future minimum non-cancelable operating lease payments at December 31, 2017 were as follows:



(In thousands)	Amount
2018	$	4,411
2019	3,333
2020	2,347
2021	2,204
2022	1,649
Thereafter	443
Total operating lease commitments	$	14,387

Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2017

Commitments and Contingencies Disclosure [Abstract]

Schedule of Changes in Reserve for Product Warranty Claim Costs

Changes in the liability for product warranty claim costs were as follows:



	Year Ended December 31,
(In thousands)	2017			2016			2015
Balance at beginning of period	$	134		$	35		$	353
Accruals for warranties issued during the period	312			102			23
Settlements (in cash or in kind) during the period	(107		)	(3		)	(341		)
Balance at end of period	$	339		$	134		$	35

Treasury Stock (Tables)

12 Months Ended

Dec. 31, 2017

Equity [Abstract]

Treasury Stock

Repurchased shares of our common stock were as follows:



	Year Ended December 31,
(In thousands)	2017		2016		2015
Shares repurchased	680		198		1,817
Cost of shares repurchased	$	39,085	$	12,647	$	89,395

Business Segment and Foreign Operations (Tables)

12 Months Ended

Dec. 31, 2017

Segment Reporting [Abstract]

Schedule of Net Sales to External Customers by Geographic Area

Our net sales to external customers by geographic area were as follows:



	Year Ended December 31,
(In thousands)	2017		2016		2015
United States	$	345,838	$	338,338	$	287,678
Asia (excluding PRC)	104,668		89,527		109,960
People’s Republic of China	83,036		77,224		74,475
Europe	79,183		74,113		65,579
Latin America	54,113		47,286		38,985
Other	28,952		24,883		26,156
Total net sales	$	695,790	$	651,371	$	602,833

Schedule of Long-lived Assets

Long-lived tangible assets by geographic area were as follows:



	December 31,
(In thousands)	2017		2016
United States	$	14,674	$	11,948
People's Republic of China	96,984		94,113
All other countries	3,870		4,186
Total long-lived tangible assets	$	115,528	$	110,247

Stock-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2017

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Schedule of Stock-based Compensation Expense

Stock-based compensation expense by statement of operations caption and the related income tax benefit were as follows:



	Year Ended December 31,
(In thousands)	2017		2016		2015
Cost of sales	$	71	$	57	$	39
Research and development expenses	551		541		428
Selling, general and administrative expenses:
Employees	7,368		7,095		5,946
Outside directors	3,953		2,631		1,500
Total employee and director stock-based compensation expense	$	11,943	$	10,324	$	7,913

Income tax benefit	$	2,954	$	3,102	$	2,366

Schedule of Black Scholes Assumptions

The assumptions we utilized in the Black-Scholes option pricing model and the resulting weighted average fair value of stock option grants were the following:



	Year Ended December 31,
	2017			2016			2015
Weighted average fair value of grants	$	19.61		$	17.96		$	24.47
Risk-free interest rate	1.75		%	1.36		%	1.39		%
Expected volatility	34.25		%	41.38		%	43.36		%
Expected life in years	4.52			4.55			4.57

Schedule of Stock Option Activity

Stock option activity was as follows:



	2017							2016							2015
	Number of Options (in 000's)		Weighted-Average Exercise Price		Weighted-Average Remaining Contractual Term (in years)	Aggregate Intrinsic Value (in 000's)		Number of Options (in 000's)		Weighted-Average Exercise Price		Weighted-Average Remaining Contractual Term (in years)	Aggregate Intrinsic Value (in 000's)		Number of Options (in 000's)		Weighted-Average Exercise Price		Weighted-Average Remaining Contractual Term (in years)	Aggregate Intrinsic Value (in 000's)
Outstanding at beginning of the year	652		$	39.27				648		$	30.50				650		$	25.56
Granted	92		62.70					243		49.67					77		64.81
Exercised	(56	)	25.72			$	2,140	(239	)	26.09			$	9,933	(71	)	23.97			$	2,193
Forfeited/canceled/expired	(168	)	46.44					—		—					(8	)	20.64
Outstanding at end of the year ⁽¹⁾	520		$	42.56	4.25	$	5,607	652		$	39.27	4.78	$	16,553	648		$	30.50	4.85	$	14,556
Vested and expected to vest at the end of the year ⁽¹⁾	520		$	42.56	4.25	$	5,607	652		$	39.27	4.78	$	16,548	648		$	30.50	4.85	$	14,551
Exercisable at the end of the year ⁽¹⁾	381		$	36.39	3.72	$	5,607	363		$	30.21	3.88	$	12,511	493		$	25.03	4.51	$	12,979

⁽¹⁾

Schedule of Exercise Price Range and Life Information

Significant option groups outstanding at December 31, 2017 and the related weighted average exercise price and life information were as follows:



	Options Outstanding				Options Exercisable
Range of Exercise Prices	Number Outstanding (in 000’s)	Weighted-Average Remaining Contractual Term (in years)	Weighted-Average Exercise Price		Number Exercisable (in 000’s)	Weighted-Average Exercise Price
$18.25 to $21.95	155	3.79	$	19.92	155	$	19.92
26.48 to 27.74	17	0.30	27.02		17	27.02
35.28	85	3.12	35.28		85	35.28
51.38 to 65.54	263	5.14	59.31		124	59.10
	520	4.25	$	42.56	381	$	36.39

Schedule of Non-vested Restricted Stock Awards Activity

Non-vested restricted stock award activity was as follows:



	2017				2016				2015
	Shares (in 000’s)		Weighted-Average Grant Date Fair Value		Shares (in 000’s)		Weighted-Average Grant Date Fair Value		Shares (in 000’s)		Weighted-Average Grant Date Fair Value
Non-vested at beginning of the year	153		$	57.43	225		$	51.31	266		$	39.28
Granted	133		64.14		77		63.30		138		53.64
Vested	(119	)	59.67		(146	)	51.10		(178	)	35.09
Forfeited	(5	)	60.11		(3	)	60.17		(1	)	63.19
Non-vested at end of the year	162		$	61.19	153		$	57.43	225		$	51.31

Schedule of Information Regarding Stock Incentive Plans

Detailed information regarding our active Stock Incentive Plans was as follows at December 31, 2017:



Name	Approval Date	Initial Shares Available for Grant Under the Plan	Remaining Shares Available for Grant Under the Plan	Outstanding Shares Granted Under the Plan
1999A Stock Incentive Plan	10/7/1999	1,000,000	—	7,500
2003 Stock Incentive Plan	6/18/2003	1,000,000	—	14,391
2006 Stock Incentive Plan	6/13/2006	1,000,000	—	82,572
2010 Stock Incentive Plan	6/15/2010	1,000,000	—	203,303
2014 Stock Incentive Plan	6/12/2014	1,100,000	448,051	373,673
			448,051	681,439

Performance-Based Common Stock Warrants (Tables)

12 Months Ended

Dec. 31, 2017

Equity [Abstract]

Schedule of purchase level and number of warrants that will vest

The table below presents the purchase levels and number of warrants that will vest in each period based upon achieving these purchase levels.



	Incremental Warrants That Will Vest
Aggregate Level of Purchases by Comcast and Affiliates	January 1, 2016 - December 31, 2017	January 1, 2018 - December 31, 2019	January 1, 2020 - December 31, 2021
$260 million	100,000	100,000	75,000
$300 million	75,000	75,000	75,000
$340 million	75,000	75,000	75,000
Maximum Potential Warrants Earned by Comcast	250,000	250,000	225,000

Schedule of fair value assumptions

The assumptions we utilized in the Black-Scholes option pricing model and the resulting weighted average fair value of the warrants were the following:



	Year ended December 31,
	2017		2016
Fair value	$19.49		$30.88
Price of Universal Electronics Inc. common stock	$55.61		$65.78
Risk-free interest rate	2.06	%	2.09	%
Expected volatility	34.30	%	39.30	%
Expected life in years	5.17		6.00

Schedule of Impact to Net Sales Due to Warrants

The impact to net sales recorded in connection with the warrants and the related income tax benefit were as follows:



	Year Ended December 31,
(in thousands)	2017		2016
Reduction to net sales	$	683	$	2,728
Income tax benefit	255		1,000

- Definition

Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.

+ References + Details

Other Income (Expense), Net (Tables)

12 Months Ended

Dec. 31, 2017

Other Income and Expenses [Abstract]

Schedule of Components of Other Income (Expense), Net

Other income (expense), net consisted of the following:



	Year Ended December 31,
(In thousands)	2017			2016			2015
Net gain (loss) on foreign currency exchange contracts⁽¹⁾	$	(3,603	)	$	(1,251	)	$	294
Net gain (loss) on foreign currency exchange transactions	2,174			1,911			(522		)
Other income	581			180			221
Other income (expense), net	$	(848	)	$	840		$	(7	)


⁽¹⁾	This represents the gains and (losses) incurred on foreign currency hedging derivatives (see Note 20 for further details).

Earnings (Loss) Per Share (Tables)

12 Months Ended

Dec. 31, 2017

Earnings Per Share [Abstract]

Schedule of Basic and Diluted Earnings (Loss) Per Share

Earnings (loss) per share was calculated as follows:



	Year Ended December 31,
(In thousands, except per-share amounts)	2017			2016		2015
BASIC
Net income (loss) attributable to Universal Electronics Inc.	$	(10,323	)	$	20,354	$	29,174
Weighted-average common shares outstanding	14,351			14,465		15,248
Basic earnings (loss) per share attributable to Universal Electronics Inc.	$	(0.72	)	$	1.41	$	1.91
DILUTED
Net income (loss) attributable to Universal Electronics Inc.	$	(10,323	)	$	20,354	$	29,174
Weighted-average common shares outstanding for basic	14,351			14,465		15,248
Dilutive effect of stock options, restricted stock and common stock warrants	—			299		294
Weighted-average common shares outstanding on a diluted basis	14,351			14,764		15,542
Diluted earnings (loss) per share attributable to Universal Electronics Inc.	$	(0.72	)	$	1.38	$	1.88

Schedule of Antidilutive Securities Excluded from Computation of Earnings (Loss) Per Share



	Year Ended December 31,
(In thousands)	2017	2016	2015
Stock options	648	83	66
Restricted stock awards	221	10	28
Performance-based warrants	69	—	—

Derivatives (Tables)

12 Months Ended

Dec. 31, 2017

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivatives at Fair Value on a Recurring Basis

The following table sets forth the total net fair value of derivatives:



	December 31, 2017										December 31, 2016
	Fair Value Measurement Using							Total			Fair Value Measurement Using							Total
(In thousands)	Level 1		Level 2			Level 3		Balance			Level 1		Level 2			Level 3		Balance
Foreign currency exchange contracts	$	—	$	(565	)	$	—	$	(565	)	$	—	$	(1,584	)	$	—	$	(1,584	)

Schedule of Futures Contracts

Details of foreign currency exchange contracts held were as follows:



Date Held	Type	Position Held	Notional Value (in millions)		Forward Rate	Unrealized Gain/(Loss) Recorded at Balance Sheet Date (in thousands)⁽¹⁾			Settlement Date
December 31, 2017	USD/Euro	USD	$	17.0	1.1858	$	(220	)	January 5, 2018
December 31, 2017	USD/Chinese Yuan Renminbi	Chinese Yuan Renminbi	$	20.0	6.6481	$	(410	)	January 5, 2018
December 31, 2017	USD/Brazilian Real	USD	$	2.5	3.2350	$	65		January 24, 2018

December 31, 2016	USD/Euro	USD	$	18.0	1.0513	$	(61	)	January 27, 2017
December 31, 2016	USD/Chinese Yuan Renminbi	Chinese Yuan Renminbi	$	25.0	6.7230	$	(974	)	January 13, 2017
December 31, 2016	USD/Chinese Yuan Renminbi	Chinese Yuan Renminbi	$	10.0	6.6757	$	(457	)	January 13, 2017
December 31, 2016	USD/Brazilian Real	USD	$	2.0	3.4775	$	(131	)	January 13, 2017
December 31, 2016	USD/Brazilian Real	USD	$	4.0	3.2316	$	39		January 13, 2017


⁽¹⁾	Unrealized gains on foreign currency exchange contracts are recorded in prepaid expenses and other current assets. Unrealized losses on foreign currency exchange contracts are recorded in other accrued liabilities.

- Definition

Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=84234895&loc=d3e41641-113959

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4B
-URI http://asc.fasb.org/extlink&oid=84234895&loc=SL5624163-113959

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=84234895&loc=d3e41678-113959

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=84234895&loc=d3e41638-113959

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 1B
-URI http://asc.fasb.org/extlink&oid=84234895&loc=SL5580258-113959

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
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-Paragraph 1A
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Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4C
-URI http://asc.fasb.org/extlink&oid=84234895&loc=SL5624171-113959

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=84234895&loc=SL5579240-113959

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=84234895&loc=d3e41620-113959

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(n)(2))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

+ Details

Business Combinations (Tables)

12 Months Ended

Dec. 31, 2017

Business Combinations [Abstract]

Purchase Price Allocation

Management's purchase price allocation was the following:



(in thousands)	Estimated Lives	Fair Value
Cash and cash equivalents		$	685
Accounts receivable		374
Inventories		1,412
Prepaid expenses and other current assets		253
Property, plant and equipment	1-4 years	16
Non-interest bearing liabilities		(1,557		)
Net tangible assets acquired		1,183
Trade name	7 years	400
Developed technology	4-14 years	9,080
Customer relationships	5 years	1,300
Goodwill		12,564
Total purchase price		24,527
Noncontrolling interest in Encore		(378		)
Net purchase price		24,149
Less: Contingent consideration		(11,200		)
Cash paid		$	12,949

Schedule of Business Acquisitions, by Acquisition [Table Text Block]

Management's purchase price allocation was the following:



(in thousands)	Estimated Lives	Fair Value
Accounts receivable		$	429
Inventories		1,508
Prepaid expenses and other current assets		7
Property, plant and equipment	1-4 years	14
Current liabilities		(408		)
Net tangible assets acquired		1,550
Trade name	8 years	400
Customer relationships	10 years	5,000
Order backlog	1 year	150
Goodwill		5,494
Total purchase price		12,594
Less: Contingent consideration		(3,700		)
Cash paid		$	8,894

Business Combination, Pro Forma Results



	Year Ended December 31,
(In thousands, except per-share amounts)	2017			2016
Net sales	$	696,352		$	659,272
Net income (loss)	(10,538		)	19,997
Net income (loss) attributable to Universal Electronics Inc.	(10,538		)	19,967
Basic earnings (loss) per share attributable to Universal Electronics Inc.	(0.73		)	1.38
Diluted earnings (loss) per share attributable to Universal Electronics Inc.	(0.73		)	1.35

Quarterly Financial Data (Unaudited) (Tables)

12 Months Ended

Dec. 31, 2017

Quarterly Financial Information Disclosure [Abstract]

Summarized Quarterly Financial Data

Summarized quarterly financial data is as follows:



	2017
(In thousands, except per share amounts)	March 31,			June 30,		September 30,		December 31,
Net sales	$	161,406		$	177,580	$	175,652	$	181,152
Gross profit	41,034			43,751		43,070		37,852
Operating income (loss)	(365		)	7,303		4,212		(480		)
Net income (loss)	119			4,684		1,728		(16,854		)
Net income (loss) attributable to Universal Electronics Inc.	119			4,684		1,728		(16,854		)

Earnings (loss) per share attributable to Universal Electronics Inc. ⁽¹⁾:
Basic	$	0.01		$	0.33	$	0.12	$	(1.19	)
Diluted	$	0.01		$	0.32	$	0.12	$	(1.19	)



	2016
(In thousands, except per share amounts)	March 31,		June 30,		September 30,		December 31,
Net sales	$	150,658	$	170,986	$	169,185	$	160,542
Gross profit	37,647		43,456		41,785		41,236
Operating income	3,041		7,969		8,121		6,266
Net income	2,743		6,598		7,807		3,236
Net income attributable to Universal Electronics Inc.	2,721		6,590		7,807		3,236
Earnings per share attributable to Universal Electronics Inc.⁽¹⁾:
Basic	$	0.19	$	0.46	$	0.54	$	0.22
Diluted	$	0.19	$	0.45	$	0.53	$	0.22


⁽¹⁾	The earnings per common share calculations for each of the quarters were based upon the weighted average number of shares and share equivalents outstanding during each period, and the sum of the quarters may not be equal to the full year earnings per share amounts.

Summary of Significant Accounting Policies - Additional Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015	Jan. 01, 2017
Class of Warrant or Right [Line Items]
Advertising costs	$ 1,100	$ 1,100	$ 1,100
Other shipping and handling costs	$ 12,200	11,600	$ 12,700
Maturity of foreign currency exchange contracts	9 months
Retained earnings	$ 266,780	275,594
Deferred income taxes	$ 7,913
Impact to retained earnings from adoption of ASU 2016-09		1,509
Performance-based warrants
Class of Warrant or Right [Line Items]
Dividend yield	0.00%
Accounting Standards Update 2016-09
Class of Warrant or Right [Line Items]
Deferred income taxes				$ 1,500
Retained Earnings
Class of Warrant or Right [Line Items]
Impact to retained earnings from adoption of ASU 2016-09		$ 1,509
Retained Earnings \| Accounting Standards Update 2016-09
Class of Warrant or Right [Line Items]
Impact to retained earnings from adoption of ASU 2016-09				$ 1,500
Minimum \| Cumulative-effect adjustment \| Pro Forma \| Accounting Standards Update 2014-09
Class of Warrant or Right [Line Items]
Retained earnings	$ 4,000
Maximum \| Cumulative-effect adjustment \| Pro Forma \| Accounting Standards Update 2014-09
Class of Warrant or Right [Line Items]
Retained earnings	$ 5,000

Summary of Significant Accounting Policies - Stock-based Compensation (Details)	12 Months Ended
	Dec. 31, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Dividend yield	0.00%
Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	1 year
Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	4 years

Summary of Significant Accounting Policies - Property, Plant and Equipment (Details)	12 Months Ended
	Dec. 31, 2017 USD ($)
Individual assets excluding computer equipment
Property, Plant and Equipment [Line Items]
Capitalization threshold, minimum useful life	1 year
Capitalization threshold, minimum cost	$ 5,000
Assets purchased in bulk
Property, Plant and Equipment [Line Items]
Capitalization threshold, minimum cost	$ 5,000
Buildings \| Minimum
Property, Plant and Equipment [Line Items]
Estimated useful life	25 years
Buildings \| Maximum
Property, Plant and Equipment [Line Items]
Estimated useful life	33 years
Tooling and equipment \| Minimum
Property, Plant and Equipment [Line Items]
Estimated useful life	2 years
Tooling and equipment \| Maximum
Property, Plant and Equipment [Line Items]
Estimated useful life	7 years
Computer equipment
Property, Plant and Equipment [Line Items]
Capitalization threshold, minimum useful life	1 year
Capitalization threshold, minimum cost	$ 1,000
Computer equipment \| Minimum
Property, Plant and Equipment [Line Items]
Estimated useful life	3 years
Computer equipment \| Maximum
Property, Plant and Equipment [Line Items]
Estimated useful life	5 years
Software \| Minimum
Property, Plant and Equipment [Line Items]
Estimated useful life	3 years
Software \| Maximum
Property, Plant and Equipment [Line Items]
Estimated useful life	7 years
Furniture and fixtures \| Minimum
Property, Plant and Equipment [Line Items]
Estimated useful life	5 years
Furniture and fixtures \| Maximum
Property, Plant and Equipment [Line Items]
Estimated useful life	8 years
Leasehold and building improvements \| Minimum
Property, Plant and Equipment [Line Items]
Estimated useful life	2 years
Leasehold and building improvements \| Maximum
Property, Plant and Equipment [Line Items]
Estimated useful life	10 years

Summary of Significant Accounting Policies - Intangible Assets (Details)	12 Months Ended
	Dec. 31, 2017
Minimum
Finite-Lived Intangible Assets [Line Items]
Intangible asset, estimated period of benefit	1 year
Maximum
Finite-Lived Intangible Assets [Line Items]
Intangible asset, estimated period of benefit	15 years
Maximum \| Capitalized software development
Finite-Lived Intangible Assets [Line Items]
Intangible asset, estimated period of benefit	2 years

Cash and Cash Equivalents and Restricted Cash (Details) $ in Thousands, ¥ in Millions		12 Months Ended
	Feb. 10, 2017 USD ($)	Dec. 31, 2017 USD ($)	Dec. 31, 2016 USD ($)	Dec. 31, 2015 USD ($)	Sep. 29, 2016 CNY (¥)	Sep. 04, 2015 USD ($)	Dec. 31, 2014 USD ($)
Cash and Cash Equivalents [Line Items]
Total cash and cash equivalents		$ 62,438	$ 50,611	$ 52,966			$ 112,521
Restricted Cash and Investments [Abstract]
Increase in restricted cash		0	(4,797)	$ 0
Long-term restricted cash		0	4,600
Guangzhou Factory \| Disposal Group, Disposed of by Sale, Not Discontinued Operations
Restricted Cash and Investments [Abstract]
Long-term restricted cash		4,900			¥ 32
Surety Bond
Restricted Cash and Investments [Abstract]
Restricted cash						$ 4,600
Increase in restricted cash	$ 4,600
United States
Cash and Cash Equivalents [Line Items]
Total cash and cash equivalents		10,489	3,277
People's Republic of China (PRC)
Cash and Cash Equivalents [Line Items]
Total cash and cash equivalents		23,283	22,142
Asia (excluding the PRC)
Cash and Cash Equivalents [Line Items]
Total cash and cash equivalents		1,405	5,260
Europe
Cash and Cash Equivalents [Line Items]
Total cash and cash equivalents		18,071	19,630
South America
Cash and Cash Equivalents [Line Items]
Total cash and cash equivalents		$ 9,190	$ 302

Accounts Receivable, Net and Revenue Concentrations - Accounts Receivable, Net (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Accounts Receivable, Net, Current [Abstract]
Trade receivables, gross	$ 142,299	$ 120,965
Allowance for doubtful accounts	(1,064)	(904)	$ (822)	$ (616)
Allowance for sales returns	(562)	(539)
Net trade receivables	140,673	119,522
Other	10,905	5,070
Accounts receivable, net	$ 151,578	$ 124,592

Accounts Receivable, Net and Revenue Concentrations - Allowance for Doubtful Accounts (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Schedule of Allowance for Doubtful Accounts
Balance at beginning of period	$ 904	$ 822	$ 616
Additions to costs and expenses	166	183	299
(Write-offs)/Foreign exchange effects	(6)	(101)	(93)
Balance at end of period	$ 1,064	$ 904	$ 822

Accounts Receivable, Net and Revenue Concentrations - Sales Returns (Details) - USD ($) $ in Millions	Dec. 31, 2017	Dec. 31, 2016
Receivables [Abstract]
Allowance for sales return	$ 0.4	$ 0.4

Accounts Receivable, Net and Revenue Concentrations - Revenue and Trade Receivables by Significant Customer (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Revenue, Major Customer [Line Items]
Net sales	$ 181,152	$ 175,652	$ 177,580	$ 161,406	$ 160,542	$ 169,185	$ 170,986	$ 150,658	$ 695,790	$ 651,371	$ 602,833
Accounts receivable, net	151,578				124,592				151,578	124,592
Revenue, Net \| Comcast Corporation
Revenue, Major Customer [Line Items]
Net sales									$ 159,829	$ 149,476	$ 129,475
Concentration risk percentage									23.00%	22.90%	21.50%
Revenue, Net \| AT&T
Revenue, Major Customer [Line Items]
Net sales									$ 77,888	$ 74,704	$ 80,820
Concentration risk percentage									11.20%	11.50%	13.40%
Trade Accounts Receivable \| Comcast Corporation
Revenue, Major Customer [Line Items]
Concentration risk percentage									16.60%	19.00%
Accounts receivable, net	25,142				23,716				$ 25,142	$ 23,716
Trade Accounts Receivable \| AT&T
Revenue, Major Customer [Line Items]
Concentration risk percentage									0.00%	11.30%
Accounts receivable, net	$ 0				$ 14,108				$ 0	$ 14,108

Inventories, Net and Significant Suppliers - Inventories, Net (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Inventory Disclosure [Abstract]
Raw materials	$ 43,638	$ 33,059
Components	16,214	15,046
Work in process	1,847	5,860
Finished goods	105,178	80,119
Reserve for excess and obsolete inventory	(4,288)	(4,205)	$ (3,045)	$ (2,539)
Inventories, net	$ 162,589	$ 129,879

Inventories, Net and Significant Suppliers - Inventory Reserves (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Schedule of Reserve for Excess and Obsolete Inventory
Balance at beginning of period	$ 4,205	$ 3,045	$ 2,539
Additions charged to costs and expenses	3,685	3,464	3,070
Sell through	(1,242)	(1,116)	(1,108)
(Write-offs)/Foreign exchange effects	(2,360)	(1,188)	(1,456)
Balance at end of period	4,288	4,205	3,045
Inventory scrapped during production	$ 400	$ 300	$ 300

Inventories, Net and Significant Suppliers - Significant Suppliers (Details) - Texas Instrument - Supplier Concentration Risk - Inventory Purchases - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Concentration Risk [Line Items]
Inventory purchases	$ 42,058	$ 42,370	$ 0
Concentration risk percentage	10.00%	11.70%	0.00%

Inventories, Net and Significant Suppliers - Related Party Supplier (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Executive Vice President
Related Party Transactions [Line Items]
Ownership percentage in third party by executive	40.00%
Inventory Purchases \| Supplier Concentration Risk \| Affiliated Entity
Related Party Transactions [Line Items]
Inventory purchases form related party	$ 5,217	$ 6,350	$ 8,550
Concentration risk percentage	1.20%	1.80%	2.50%
Accounts Payable \| Supplier Concentration Risk \| Affiliated Entity
Related Party Transactions [Line Items]
Accounts payable, related parties	$ 1,500	$ 1,690
Concentration risk percentage	1.30%	1.70%

Property, Plant, and Equipment, Net (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 179,331	$ 191,041
Accumulated depreciation	(82,866)	(101,768)
Property, plant and equipment, net, excluding construction in progress	96,465	89,273
Construction in progress	14,497	16,078
Total property, plant, and equipment, net	110,962	105,351
Depreciation expense	24,400	20,700	$ 15,600
Impairment of China factory equipment	4,100	0	$ 0
People's Republic of China (PRC)
Property, Plant and Equipment [Line Items]
Total property, plant, and equipment, net	93,600	90,000
Buildings
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	37,937	48,367
Construction in progress	0	118
Machinery and equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	57,441	67,726
Construction in progress	3,884	4,625
Tooling
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	37,191	31,773
Construction in progress	3,697	2,219
Leasehold and building improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	15,748	22,680
Construction in progress	1,014	1,335
Software
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	18,240	11,581
Construction in progress	5,714	7,674
Furniture and fixtures
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	5,620	3,794
Computer equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	7,154	5,120
Other
Property, Plant and Equipment [Line Items]
Construction in progress	188	$ 107
Cost of sales
Property, Plant and Equipment [Line Items]
Impairment of China factory equipment	3,800
Selling, general and administrative
Property, Plant and Equipment [Line Items]
Impairment of China factory equipment	$ 300

Goodwill and Intangible Assets, Net - Goodwill (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Schedule of Goodwill
Goodwill beginning balance	$ 43,052	$ 43,116
Goodwill acquired during the period	5,494
Foreign exchange effects	105	(64)
Goodwill closing balance	48,651	$ 43,052
Residential Control Systems, Inc
Schedule of Goodwill
Goodwill closing balance	$ 5,500

Goodwill and Intangible Assets, Net - Finite-Lived Intangibles (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Jun. 30, 2017	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015	Aug. 04, 2015
Finite-Lived Intangible Assets, Net [Abstract]
Gross		$ 61,766	$ 55,170
Accumulated Amortization		(32,725)	(26,621)
Intangible assets, net		29,041	28,549
Finite-lived intangible assets, fully amortized, gross		$ 6,000	10,200
Intangible assets acquired, weighted average amortization period		6 years 9 months 18 days
Amortization expense		$ 6,956	6,274	$ 4,842
Cost of sales
Finite-Lived Intangible Assets, Net [Abstract]
Amortization expense		184	76	123
Selling, general and administrative expenses
Finite-Lived Intangible Assets, Net [Abstract]
Amortization expense		6,772	6,198	$ 4,719
Distribution rights
Finite-Lived Intangible Assets, Net [Abstract]
Gross		344	302
Accumulated Amortization		(165)	(119)
Intangible assets, net		$ 179	183
Intangible asset, estimated useful life		10 years
Patents
Finite-Lived Intangible Assets, Net [Abstract]
Gross		$ 13,250	12,038
Accumulated Amortization		(5,310)	(4,775)
Intangible assets, net		$ 7,940	7,263
Intangible asset, estimated useful life		10 years
Trademark and trade names
Finite-Lived Intangible Assets, Net [Abstract]
Gross		$ 2,786	2,400
Accumulated Amortization		(1,594)	(1,310)
Intangible assets, net		$ 1,192	1,090
Intangible asset, estimated useful life		10 years
Developed and core technology
Finite-Lived Intangible Assets, Net [Abstract]
Gross		$ 12,560	12,585
Accumulated Amortization		(6,071)	(4,068)
Intangible assets, net		6,489	8,517
Developed and core technology \| Ecolink Intelligent Technology, Inc.
Finite-Lived Intangible Assets, Net [Abstract]
Intangible assets acquired					$ 9,080
Capitalized software development costs
Finite-Lived Intangible Assets, Net [Abstract]
Gross		142	142
Accumulated Amortization		(77)	(5)
Intangible assets, net		$ 65	137
Intangible asset, estimated useful life		2 years
Customer relationships
Finite-Lived Intangible Assets, Net [Abstract]
Gross		$ 32,534	27,703
Accumulated Amortization		(19,395)	(16,344)
Intangible assets, net		$ 13,139	11,359
Customer relationships \| Ecolink Intelligent Technology, Inc.
Finite-Lived Intangible Assets, Net [Abstract]
Intangible assets acquired	$ 5,000				1,300
Intangible assets acquired, weighted average amortization period	10 years
Intangible asset, estimated useful life		5 years
Order backlog
Finite-Lived Intangible Assets, Net [Abstract]
Gross		$ 150	0
Accumulated Amortization		(113)	0
Intangible assets, net		$ 37	$ 0
Intangible asset, estimated useful life		1 year
Order backlog \| Ecolink Intelligent Technology, Inc.
Finite-Lived Intangible Assets, Net [Abstract]
Intangible assets acquired	$ 200
Intangible assets acquired, weighted average amortization period	1 year
Trade name \| Ecolink Intelligent Technology, Inc.
Finite-Lived Intangible Assets, Net [Abstract]
Intangible assets acquired	$ 400				$ 400
Intangible assets acquired, weighted average amortization period	8 years
Intangible asset, estimated useful life		7 years
Minimum
Finite-Lived Intangible Assets, Net [Abstract]
Intangible asset, estimated useful life		1 year
Minimum \| Developed and core technology
Finite-Lived Intangible Assets, Net [Abstract]
Intangible asset, estimated useful life		5 years
Minimum \| Developed and core technology \| Ecolink Intelligent Technology, Inc.
Finite-Lived Intangible Assets, Net [Abstract]
Intangible asset, estimated useful life		4 years
Minimum \| Customer relationships
Finite-Lived Intangible Assets, Net [Abstract]
Intangible asset, estimated useful life		10 years
Maximum
Finite-Lived Intangible Assets, Net [Abstract]
Intangible asset, estimated useful life		15 years
Maximum \| Developed and core technology
Finite-Lived Intangible Assets, Net [Abstract]
Intangible asset, estimated useful life		15 years
Maximum \| Developed and core technology \| Ecolink Intelligent Technology, Inc.
Finite-Lived Intangible Assets, Net [Abstract]
Intangible asset, estimated useful life		14 years
Maximum \| Customer relationships
Finite-Lived Intangible Assets, Net [Abstract]
Intangible asset, estimated useful life		15 years

Goodwill and Intangible Assets, Net - Future Amortization Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Schedule of Estimated Future Amortization expense
2018	$ 7,275
2019	7,070
2020	5,925
2021	2,418
2022	2,307
Thereafter	4,046
Intangible assets, net	$ 29,041	$ 28,549
Remaining weighted average amortization period	6 years 9 months 18 days

Line of Credit (Details) - USD ($)	12 Months Ended
Line of Credit (Details) - USD ($)	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015	Oct. 27, 2017	Sep. 19, 2016
Line of Credit Facility [Line Items]
Credit line outstanding	$ 138,000,000	$ 49,987,000
Total interest expense on borrowings	$ 2,700,000	$ 1,300,000	$ 300,000
Line of Credit
Line of Credit Facility [Line Items]
Maximum borrowing capacity				$ 170,000,000.0	$ 125,000,000.0
Line of Credit \| US Bank
Line of Credit Facility [Line Items]
Effective interest rate	3.04%
Commitment fees	$ 0
Line of Credit \| US Bank \| London Interbank Offered Rate (LIBOR) \| Minimum
Line of Credit Facility [Line Items]
Basis spread on variable rate	1.25%
Line of Credit \| US Bank \| London Interbank Offered Rate (LIBOR) \| Maximum
Line of Credit Facility [Line Items]
Basis spread on variable rate	1.75%
Line of Credit \| US Bank \| Base rate \| Minimum
Line of Credit Facility [Line Items]
Basis spread on variable rate	0.00%
Line of Credit \| US Bank \| Base rate \| Maximum
Line of Credit Facility [Line Items]
Basis spread on variable rate	0.50%
Line of Credit \| US Bank \| Enson
Line of Credit Facility [Line Items]
Subsidiary ownership percentage securing facility	65.00%
Letter of Credit
Line of Credit Facility [Line Items]
Letter of credit outstanding amount	$ 0

Income Taxes - Pre-tax Income (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Income Tax Disclosure [Abstract]
Domestic operations	$ (12,852)	$ 165	$ (6,857)
Foreign operations	20,140	25,023	42,832
Income before provision for income taxes	$ 7,288	$ 25,188	$ 35,975

Income Taxes - Provision (Details) - USD ($) $ in Thousands	12 Months Ended
Income Taxes - Provision (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Current tax expense:
U.S. federal	$ 3,406	$ 1,748	$ 2,726
State and local	72	374	189
Foreign	8,304	4,150	9,028
Total current	11,782	6,272	11,943
Deferred tax (benefit) expense:
U.S. federal	9,495	(1,416)	(4,588)
State and local	(369)	(356)	(87)
Foreign	(3,297)	304	(466)
Total deferred	5,829	(1,468)	(5,141)
Total provision for income taxes	$ 17,611	$ 4,804	$ 6,802

Income Taxes - Net Deferred Tax Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Deferred tax assets:
Inventory reserves	$ 1,104	$ 1,396
Capitalized research costs	23	44
Capitalized inventory costs	609	704
Net operating losses	999	485
Acquired intangible assets	287	136
Accrued liabilities	1,239	4,739
Income tax credits	8,861	12,509
Stock-based compensation	2,712	3,376
Amortization of intangible assets	526	0
Total deferred tax assets	16,360	23,389
Deferred tax liabilities:
Depreciation	(944)	(2,924)
Allowance for doubtful accounts	(444)	(241)
Amortization of intangible assets	0	(780)
Other	(2,680)	(1,479)
Total deferred tax liabilities	(4,068)	(5,424)
Net deferred tax assets before valuation allowance	12,292	17,965
Less: Valuation allowance	(8,802)	(8,635)
Net deferred tax assets	$ 3,490	$ 9,330

Income Taxes - Income Tax Reconciliation (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Income Tax Expense (Benefit), Continuing Operations, Income Tax Reconciliation [Abstract]
Tax provision at statutory U.S. rate	$ 2,551	$ 8,554	$ 12,232
Increase (decrease) in tax provision resulting from:
State and local taxes, net	(733)	(553)	(554)
Foreign tax rate differential	(296)	(3,244)	(5,762)
Foreign undistributed earnings, net of credits	14,211	0	0
Nondeductible items	891	839	874
Federal research and development credits	(620)	(710)	(678)
Non-territorial income	(1,517)	(1,458)	(1,906)
Withholding tax	1,078	1,762	1,985
Change in deductibility of social insurance	5	8	649
Uncertain tax positions	1,344	165	10
Stock-based compensation	479	0	0
Federal tax rate change	686	0	0
Valuation allowance	149	1,598	621
Foreign permanent benefit	(451)	(2,110)	(675)
Other	(166)	(47)	6
Total provision for income taxes	$ 17,611	$ 4,804	$ 6,802

Income Taxes - Tax Credit Carryforward (Details) $ in Millions	Dec. 31, 2017 USD ($)
Research & Experimentation \| State
Tax Credit Carryforward [Line Items]
Tax credit carryforwards	$ 8.6

Income Taxes - Net Operating Loss Carryforwards (Details)	Dec. 31, 2017 USD ($)
Federal
Operating Loss Carryforwards [Line Items]
Net operating losses	$ 17,000
Federal \| SimpleDevices
Operating Loss Carryforwards [Line Items]
Operating losses annual limitation	600,000
State
Operating Loss Carryforwards [Line Items]
Net operating losses	10,100,000
Foreign
Operating Loss Carryforwards [Line Items]
Net operating losses	$ 1,800,000

Income Taxes - Valuation Allowance (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Operating Loss Carryforwards [Line Items]
Valuation allowance	$ 8,802	$ 8,635
Increase in valuation allowance	200	$ 2,000
Foreign
Operating Loss Carryforwards [Line Items]
Valuation allowance	$ 200

Income Taxes - Other Narrative (Details) - USD ($)	12 Months Ended
Income Taxes - Other Narrative (Details) - USD ($)	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Income Taxes [Line Items]
Provision for undistributed earnings of our foreign subsidiaries	$ 0
State Administration of Taxation, China
Income Taxes [Line Items]
Period of recognition for deductible expenses or deferred tax assets	5 years
Increase in income tax expense due to write-off of deferred tax assets for social insurance and housing funds	$ 0	$ 0	$ 600,000

Income Taxes - Uncertain Tax Positions (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Income Tax Disclosure [Abstract]
Unrecognized tax benefits including interest and penalties	$ 5,600	$ 3,900
Interest and penalties	500	300	$ 200
Schedule reconciliation of gross unrecognized tax benefits
Balance at beginning of period	3,622	3,469	3,486
Additions as a result of tax provisions taken during the current year	1,489	305	463
Subtractions as a result of tax provisions taken during the prior year	0	0	(161)
Foreign currency translation	90
Foreign currency translation		(93)	(79)
Lapse in statute of limitations	(141)	(67)	(241)
Settlements	0	0	0
Other	21	8	1
Balance at end of period	5,081	3,622	3,469
Unrecognized tax benefits that would impact effective tax rate	5,300	$ 3,600	$ 3,300
Decrease in unrecognized tax benefits is reasonably possible in next 12 months	100
Net adjustment to deferred income tax expense	2,300
Provisional transition tax obligation	$ 2,100

Accrued Compensation (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Components of Accrued Compensation
Accrued social insurance	$ 17,727	$ 19,974
Accrued salary/wages	7,910	7,903
Accrued vacation/holiday	2,769	2,411
Accrued bonus	2,329	2,421
Accrued commission	1,089	933
Accrued medical insurance claims	286	122
Other accrued compensation	2,389	1,816
Total accrued compensation	34,499	35,580
Accrued salaries - 13th month salaries	$ 700	$ 700

Other Accrued Liabilities (Details) - USD ($)	12 Months Ended
Other Accrued Liabilities (Details) - USD ($)	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Payables and Accruals [Abstract]
Advertising and marketing	$ 232,000	$ 213,000
Deferred revenue	215,000	1,431,000
Deposit for sale of Guangzhou factory	4,901,000	0
Duties	1,184,000	1,127,000
Freight and handling fees	1,983,000	1,919,000
Product development	974,000	454,000
Product warranty claim costs	339,000	134,000
Professional fees	1,578,000	1,313,000
Property, plant and equipment	2,151,000	1,017,000
Sales taxes and VAT	2,955,000	2,715,000
Short-term contingent consideration	3,800,000	0
Third-party commissions	599,000	853,000
Tooling	1,843,000	1,520,000
Unrealized loss on foreign currency exchange contracts	630,000	1,623,000
URC court order and settlement agreement	13,000	6,622,000
Utilities	103,000	331,000
Other	5,219,000	3,138,000
Total other accrued liabilities	28,719,000	24,410,000
JAP Techno Solutions \| Related Party Fees Paid
Related Party Transactions [Line Items]
Fees paid to related party	$ 0	$ 0	$ 77,000

Leases - Future Minimum Lease Payments (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Leases [Abstract]
Rent expense	$ 4,200	$ 4,000	$ 3,600
Future minimum non-cancelable operating lease payments
2018	4,411
2019	3,333
2020	2,347
2021	2,204
2022	1,649
Thereafter	443
Total operating lease commitments	14,387
Operating Leased Assets [Line Items]
Liability related to rent escalations	1,200	$ 1,100
Allowance for moving expenses and tenant improvements	$ 1,500
Property subject to rent escalations \| Minimum
Operating Leased Assets [Line Items]
Term of lease	48 months
Property subject to rent escalations \| Maximum
Operating Leased Assets [Line Items]
Term of lease	125 months
Corporate headquarters
Operating Leased Assets [Line Items]
Term of lease	125 months

Leases - Prepaid Leases (Details) $ in Thousands	12 Months Ended
Leases - Prepaid Leases (Details) $ in Thousands	Dec. 31, 2017 USD ($) factory	Dec. 31, 2016 USD ($)
Operating Leased Assets [Line Items]
Net book value of asset	$ 110,962	$ 105,351
People's Republic of China (PRC)
Operating Leased Assets [Line Items]
Number of factories \| factory	1
Net book value of asset	$ 93,600	$ 90,000
Yangzhou
Operating Leased Assets [Line Items]
Net book value of prepaid lease	$ 2,600
Prepaid lease assets, remaining amortization period	41 years
Yangzhou \| Buildings on Prepaid Land
Operating Leased Assets [Line Items]
Net book value of asset	$ 20,900
Asset, remaining depreciable period	22 years

Commitments and Contingencies - Fair Price Provisions (Details)	Dec. 31, 2017
Commitments and Contingencies Disclosure [Abstract]
Percentage of voting stock required for approval	66.66%

Commitments and Contingencies - Warranty (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Changes in the liability for product warranty claim costs
Balance at beginning of period	$ 134	$ 35	$ 353
Accruals for warranties issued during the period	312	102	23
Settlements (in cash or in kind) during the period	(107)	(3)	(341)
Balance at end of period	$ 339	$ 134	$ 35

Commitments and Contingencies - Restructuring Activities and Sale of Guangzhou Factory (Details) ¥ in Millions		12 Months Ended
	Sep. 26, 2016 CNY (¥)	Dec. 31, 2017 USD ($)	Dec. 31, 2016 USD ($)	Dec. 31, 2015 USD ($)
Restructuring Cost and Reserve [Line Items]
Factory transition restructuring charges		$ 6,145,000	$ 4,493,000	$ 0
Assets held for sale		12,517,000	0
Disposal Group, Disposed of by Sale, Not Discontinued Operations \| Guangzhou Factory
Restructuring Cost and Reserve [Line Items]
Consideration	¥ 320	49,000,000
Period to cease operations (up to)	24 months
Expected term of completion	28 months
Escrow deposit as percentage of purchase price	10.00%
Assets held for sale		12,500,000
Employee Severance \| Manufacturing Activities Transition \| Operating Expense
Restructuring Cost and Reserve [Line Items]
Factory transition restructuring charges		6,100,000	$ 4,500,000
Employee Severance \| Manufacturing Activities Transition \| Employee-related Liabilities, Current
Restructuring Cost and Reserve [Line Items]
Unpaid restructuring costs		$ 0

Commitments and Contingencies - Gain and Loss Contingencies (Details) $ in Millions				1 Months Ended	12 Months Ended
	Feb. 10, 2017 USD ($)	Jan. 30, 2017 USD ($)	Jun. 10, 2015 product subsidiary patent customer	Sep. 30, 2015 patent	Dec. 31, 2017 claim	Dec. 31, 2016 USD ($)	Sep. 04, 2015 USD ($)
Patent Lawsuit Against Universal Remote Control \| Settled Litigation
Contingencies [Line Items]
Liability accrued						$ 6.6
Payment for settlement		$ 6.6
Patent Lawsuit Against UEBV and Telenet \| Pending Litigation
Contingencies [Line Items]
Number of subsidiaries named in lawsuit \| subsidiary			1
Number of customers named in lawsuit \| customer			1
Patent Lawsuit Against UEBV and Telenet \| Design Patents \| Pending Litigation
Contingencies [Line Items]
Number of products named in lawsuit \| product			1
Number of patents allegedly infringed upon \| patent			2
Patent Lawsuit Against UEBV and Telenet \| Utility Patent \| Pending Litigation
Contingencies [Line Items]
Number of patents allegedly infringed upon \| patent			1	1
Operating Expense \| Patent Lawsuit Against Universal Remote Control \| Settled Litigation
Contingencies [Line Items]
Lawsuits filed \| claim					2
Estimated litigation costs						$ 2.0
Surety bond returned	$ 4.6
Surety Bond
Contingencies [Line Items]
Restricted cash							$ 4.6

Commitments and Contingencies - Defined Benefit Plan (Details) - India subsidiary	12 Months Ended
	Dec. 31, 2017
Defined Benefit Plan Disclosure [Line Items]
Percentage of employees eligible for benefits	49.00%
Minimum service period of employees to be eligible under plan	5 years
Number of days salary payable under termination, resignation, or retirement	15 days

Treasury Stock (Details) - USD ($) $ in Thousands	12 Months Ended
Treasury Stock (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Equity [Abstract]
Shares available for repurchase (in shares)	0
Shares repurchased (in shares)	680,000	198,000	1,817,000
Cost of shares repurchased	$ 39,085	$ 12,647	$ 89,395

Business Segment and Foreign Operations - Net Sales to External Customers by Geographic Area (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Schedule of Revenues from Geographical Segments [Line Items]
Net sales	$ 181,152	$ 175,652	$ 177,580	$ 161,406	$ 160,542	$ 169,185	$ 170,986	$ 150,658	$ 695,790	$ 651,371	$ 602,833
United States
Schedule of Revenues from Geographical Segments [Line Items]
Net sales									345,838	338,338	287,678
Asia (excluding the PRC)
Schedule of Revenues from Geographical Segments [Line Items]
Net sales									104,668	89,527	109,960
People's Republic of China (PRC)
Schedule of Revenues from Geographical Segments [Line Items]
Net sales									83,036	77,224	74,475
Europe
Schedule of Revenues from Geographical Segments [Line Items]
Net sales									79,183	74,113	65,579
Latin America
Schedule of Revenues from Geographical Segments [Line Items]
Net sales									54,113	47,286	38,985
Other
Schedule of Revenues from Geographical Segments [Line Items]
Net sales									$ 28,952	$ 24,883	$ 26,156

Business Segment and Foreign Operations - Long-lived Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Long-Lived Assets [Line Items]
Total long-lived tangible assets	$ 115,528	$ 110,247
United States
Long-Lived Assets [Line Items]
Total long-lived tangible assets	14,674	11,948
People's Republic of China (PRC)
Long-Lived Assets [Line Items]
Total long-lived tangible assets	96,984	94,113
Other
Long-Lived Assets [Line Items]
Total long-lived tangible assets	$ 3,870	$ 4,186

Stock-Based Compensation - Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation	$ 11,943	$ 10,324	$ 7,913
Income tax benefit	2,954	3,102	2,366
Cost of sales
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation	71	57	39
Research and development expenses
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation	551	541	428
Selling, general and administrative \| Employees
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation	7,368	7,095	5,946
Selling, general and administrative \| Outside directors
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation	$ 3,953	$ 2,631	$ 1,500

Stock-Based Compensation - Valuation Assumptions (Details) - $ / shares	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Weighted average fair value of grants (in dollars per share)	$ 19.61	$ 17.96	$ 24.47
Risk-free interest rate	1.75%	1.36%	1.39%
Expected volatility	34.25%	41.38%	43.36%
Expected life in years	4 years 6 months 7 days	4 years 6 months 18 days	4 years 6 months 25 days

Stock-Based Compensation - Stock Options and Restricted Stock Narrative (Details) - USD ($)			1 Months Ended	12 Months Ended
	Feb. 08, 2018	Sep. 11, 2017	Feb. 28, 2018	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Surrendered stock options (in shares)				168,000	0	8,000
Proceeds from stock options exercised				$ 1,442,000	$ 6,244,000	$ 1,712,000
Tax benefit from stock options exercised				$ 700,000	$ 2,600,000	$ 500,000
Options granted (in shares)				92,000	243,000	77,000
Restricted stock granted (in shares)				133,000	77,000	138,000
Restricted stock vested (in shares)				119,000	146,000	178,000
Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period				1 year
Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period				4 years
Outside directors
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Surrendered stock options (in shares)		150,000
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Modification expense				$ 0	$ 0	$ 0
Unrecognized pre-tax stock-based compensation expense				$ 2,000,000
Unrecognized pre-tax stock-based compensation expense, period for recognition				1 year 8 months 12 days
Stock options \| Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period				3 years
Stock options \| Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period				4 years
Stock options \| Outside directors
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Acceleration of stock-based compensation expense				$ 1,200,000
Non-vested restricted stock award
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized pre-tax stock-based compensation expense				$ 7,700,000
Unrecognized pre-tax stock-based compensation expense, period for recognition				1 year 7 months 6 days
Non-vested restricted stock award \| Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period				1 year
Non-vested restricted stock award \| Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period				3 years
Subsequent Event \| Certain Executive Employees
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options granted (in shares)	119,220
Subsequent Event \| Stock options \| Certain Executive Employees
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	3 years
Options grant date fair value	$ 1,700,000
Subsequent Event \| Stock options \| Certain Executive Employees \| Percent Vesting on February 8, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting rights percentage	33.33%
Subsequent Event \| Stock options \| Certain Executive Employees \| Quarterly Vesting
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting rights percentage	8.33%
Subsequent Event \| Non-vested restricted stock award \| Certain Executive Employees
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period			3 years
Restricted stock granted (in shares)			133,406
Restricted stock, grant date fair value			$ 6,000,000
Scenario, Forecast \| Non-vested restricted stock award \| Certain Executive Employees \| Percent Vesting On February 21, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting rights percentage			33.33%
Restricted stock vested (in shares)			95,586
Scenario, Forecast \| Subsequent Event \| Non-vested restricted stock award \| Certain Executive Employees \| Percent Vesting on February 8, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting rights percentage			33.33%
Restricted stock vested (in shares)			37,820
Scenario, Forecast \| Subsequent Event \| Non-vested restricted stock award \| Certain Executive Employees \| Quarterly Vesting
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting rights percentage			8.33%

Stock-Based Compensation - Option Activity (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Number of Options (in 000's)
Outstanding at beginning of the year (in shares)	652	648	650
Granted (in shares)	92	243	77
Exercised (in shares)	(56)	(239)	(71)
Forfeited/canceled/expired (in shares)	(168)	0	(8)
Outstanding at end of the year (in shares)	520	652	648
Vested and expected to vest at the end of the year (in shares)	520	652	648
Exercisable at the end of the year (in shares)	381	363	493
Weighted-Average Exercise Price
Outstanding at beginning of the year (in dollars per share)	$ 39.27	$ 30.50	$ 25.56
Granted (in dollars per share)	62.70	49.67	64.81
Exercised (in dollars per share)	25.72	26.09	23.97
Forfeited/canceled/expired (in dollars per share)	46.44	0.00	20.64
Outstanding at end of the year (in dollars per share)	42.56	39.27	30.50
Vested and expected to vest at the end of the year (in dollars per share)	42.56	39.27	30.50
Exercisable at the end of the year (in dollars per share)	$ 36.39	$ 30.21	$ 25.03
Weighted-Average Remaining Contractual Term and Aggregate Intrinsic Value
Outstanding at end of the year, term	4 years 3 months	4 years 9 months 10 days	4 years 10 months 6 days
Vested and expected to vest at the end of the year, term	4 years 3 months	4 years 9 months 10 days	4 years 10 months 6 days
Exercisable at the end of the year, term	3 years 8 months 19 days	3 years 10 months 17 days	4 years 6 months 3 days
Exercised	$ 2,140	$ 9,933	$ 2,193
Outstanding at end of the year	5,607	16,553	14,556
Vested and expected to vest at the end of the year	5,607	16,548	14,551
Exercisable at the end of the year	$ 5,607	$ 12,511	$ 12,979

Stock-Based Compensation - Exercise Price Range (Details) - $ / shares shares in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Options outstanding (in shares)	520	652	648	650
Weighted-Average Remaining Contractual Term (in years)	4 years 3 months	4 years 9 months 10 days	4 years 10 months 6 days
Options outstanding, weighted average exercise price (in dollars per share)	$ 42.56	$ 39.27	$ 30.50	$ 25.56
Exercisable at the end of the year (in shares)	381	363	493
Exercisable at the end of the year (in dollars per share)	$ 36.39	$ 30.21	$ 25.03
$18.25 to $21.95
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Range of exercise prices, lower range limit (in dollars per share)	18.25
Range of exercise prices, upper range limit (in dollars per share)	$ 21.95
Options outstanding (in shares)	155
Weighted-Average Remaining Contractual Term (in years)	3 years 9 months 14 days
Options outstanding, weighted average exercise price (in dollars per share)	$ 19.92
Exercisable at the end of the year (in shares)	155
Exercisable at the end of the year (in dollars per share)	$ 19.92
26.48 to 27.74
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Range of exercise prices, lower range limit (in dollars per share)	26.48
Range of exercise prices, upper range limit (in dollars per share)	$ 27.74
Options outstanding (in shares)	17
Weighted-Average Remaining Contractual Term (in years)	3 months 18 days
Options outstanding, weighted average exercise price (in dollars per share)	$ 27.02
Exercisable at the end of the year (in shares)	17
Exercisable at the end of the year (in dollars per share)	$ 27.02
35.28
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Range of exercise prices, lower range limit (in dollars per share)	35.28
Range of exercise prices, upper range limit (in dollars per share)	$ 35.28
Options outstanding (in shares)	85
Weighted-Average Remaining Contractual Term (in years)	3 years 1 month 13 days
Options outstanding, weighted average exercise price (in dollars per share)	$ 35.28
Exercisable at the end of the year (in shares)	85
Exercisable at the end of the year (in dollars per share)	$ 35.28
51.38 to 65.54
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Range of exercise prices, lower range limit (in dollars per share)	51.38
Range of exercise prices, upper range limit (in dollars per share)	$ 65.54
Options outstanding (in shares)	263
Weighted-Average Remaining Contractual Term (in years)	5 years 1 month 20 days
Options outstanding, weighted average exercise price (in dollars per share)	$ 59.31
Exercisable at the end of the year (in shares)	124
Exercisable at the end of the year (in dollars per share)	$ 59.10

Stock-Based Compensation - Restricted Stock Activity (Details) - $ / shares shares in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Shares (in 000’s)
Non-vested at beginning of period (in shares)	153	225	266
Granted (in shares)	133	77	138
Vested (in shares)	(119)	(146)	(178)
Forfeited (in shares)	(5)	(3)	(1)
Non-vested at end of period (in shares)	162	153	225
Weighted-Average Grant Date Fair Value
Non-vested at beginning of the year (in dollars per share)	$ 57.43	$ 51.31	$ 39.28
Granted (in dollars per share)	64.14	63.30	53.64
Vested (in dollars per share)	59.67	51.10	35.09
Forfeited (in dollars per share)	60.11	60.17	63.19
Non-vested at end of the year (in dollars per share)	$ 61.19	$ 57.43	$ 51.31

Stock-Based Compensation - Information by Plan (Details)	12 Months Ended
	Dec. 31, 2017 shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Term of plans / awards	10 years
Remaining Shares Available for Grant Under the Plan	448,051
Outstanding Shares Granted Under the Plan	681,439
Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	1 year
Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	4 years
Stock appreciation rights and performance stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards granted to date (in shares)	0
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Term of plans / awards	10 years
Stock options \| Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	3 years
Stock options \| Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	4 years
Non-vested restricted stock award \| Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	1 year
Non-vested restricted stock award \| Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	3 years
1999A Stock Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Initial Shares Available for Grant Under the Plan	1,000,000
Remaining Shares Available for Grant Under the Plan	0
Outstanding Shares Granted Under the Plan	7,500
2003 Stock Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Initial Shares Available for Grant Under the Plan	1,000,000
Remaining Shares Available for Grant Under the Plan	0
Outstanding Shares Granted Under the Plan	14,391
2006 Stock Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Initial Shares Available for Grant Under the Plan	1,000,000
Remaining Shares Available for Grant Under the Plan	0
Outstanding Shares Granted Under the Plan	82,572
2010 Stock Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Initial Shares Available for Grant Under the Plan	1,000,000
Remaining Shares Available for Grant Under the Plan	0
Outstanding Shares Granted Under the Plan	203,303
2014 Stock Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Initial Shares Available for Grant Under the Plan	1,100,000
Remaining Shares Available for Grant Under the Plan	448,051
Outstanding Shares Granted Under the Plan	373,673

Performance-Based Common Stock Warrants - Narrative (Details) - Performance-based warrants	Mar. 09, 2016 USD ($) vesting_period $ / shares shares	Dec. 31, 2017 shares
Class of Warrant or Right [Line Items]
Number of shares called by warrants (in shares) (up to) \| shares	725,000
Exercise price of warrants (in dollars per share) \| $ / shares	$ 54.55
Number of vesting periods \| vesting_period	3
Term of successive vesting periods (in years)	2 years
Vesting period one (in years)	2 years
Total vesting period (in years)	6 years
Warrants vested \| shares		175,000
Supply Commitment
Class of Warrant or Right [Line Items]
Supply threshold level one, amount \| $	$ 260,000,000
Supply threshold level three, amount \| $	340,000,000
Supply threshold, amount \| $	$ 1,020,000,000.00
Maximum potential warrants that will vest (in shares) \| shares	250,000

Performance-Based Common Stock Warrants - Purchase Level and Number of Warrants to Vest (Details) - Supply Commitment - Performance-based warrants	Mar. 09, 2016 USD ($) shares
Class of Warrant or Right [Line Items]
Supply threshold level one, amount \| $	$ 260,000,000
Supply threshold level two, amount \| $	300,000,000
Supply threshold level three, amount \| $	$ 340,000,000
Incremental warrants that will vest, vesting period one, supply threshold level one (in shares)	100,000
Incremental warrants that will vest, vesting period one, supply threshold level two (in shares)	75,000
Incremental warrants that will vest, vesting period one, supply threshold level three (in shares)	75,000
Maximum potential warrants that will vest, vesting period one (in shares)	250,000
Incremental warrants that will vest, vesting period two, supply threshold level one (in shares)	100,000
Incremental warrants that will vest, vesting period two, supply threshold level two (in shares)	75,000
Incremental warrants that will vest, vesting period two, supply threshold level three (in shares)	75,000
Maximum potential warrants that will vest, vesting period two (in shares)	250,000
Incremental warrants that will vest, vesting period three, supply threshold level one (in shares)	75,000
Incremental warrants that will vest, vesting period three, supply threshold level two (in shares)	75,000
Incremental warrants that will vest, vesting period three, supply threshold level three (in shares)	75,000
Maximum potential warrants that will vest, vesting period three (in shares)	225,000

Performance-Based Common Stock Warrants - Fair Value Assumptions (Details) - Performance-based warrants - $ / shares	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Class of Warrant or Right [Line Items]
Fair value (in dollars per share)	$ 19.49	$ 30.88
Price of Universal Electronics Inc. common stock (in dollars per share)	$ 55.61	$ 65.78
Risk-free interest rate	2.06%	2.09%
Expected volatility	34.30%	39.30%
Expected life in years	5 years 2 months 1 day	6 years

Performance-Based Common Stock Warrants - Impact to Net Sales Due to Warrants (Details) - Performance-based warrants - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Class of Warrant or Right [Line Items]
Reduction to net sales	$ 683	$ 2,728
Income tax benefit	$ 255	$ 1,000

Other Income (Expense), Net (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Other Income and Expenses [Abstract]
Net gain (loss) on foreign currency exchange contracts	$ (3,603)	$ (1,251)	$ 294
Net gain (loss) on foreign currency exchange transactions	2,174	1,911	(522)
Other income	581	180	221
Other income (expense), net	$ (848)	$ 840	$ (7)

Earnings (Loss) Per Share - Basic and Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
BASIC
Net income (loss) attributable to Universal Electronics Inc.	$ (16,854)	$ 1,728	$ 4,684	$ 119	$ 3,236	$ 7,807	$ 6,590	$ 2,721	$ (10,323)	$ 20,354	$ 29,174
Weighted-average common shares outstanding for basic (in shares)									14,351	14,465	15,248
Basic earnings (loss) per share attributable to Universal Electronics Inc. (in dollars per share)	$ (1.19)	$ 0.12	$ 0.33	$ 0.01	$ 0.22	$ 0.54	$ 0.46	$ 0.19	$ (0.72)	$ 1.41	$ 1.91
DILUTED
Net income (loss) attributable to Universal Electronics Inc.	$ (16,854)	$ 1,728	$ 4,684	$ 119	$ 3,236	$ 7,807	$ 6,590	$ 2,721	$ (10,323)	$ 20,354	$ 29,174
Weighted-average common shares outstanding for basic (in shares)									14,351	14,465	15,248
Dilutive effect of stock options, restricted stock and common stock warrants (in shares)									0	299	294
Weighted-average common shares outstanding on a diluted basis (in shares)									14,351	14,764	15,542
Diluted earnings (loss) per share attributable to Universal Electronics Inc. (in dollars per share)	$ (1.19)	$ 0.12	$ 0.32	$ 0.01	$ 0.22	$ 0.53	$ 0.45	$ 0.19	$ (0.72)	$ 1.38	$ 1.88

Earnings (Loss) Per Share - Antidilutive Shares (Details) - shares shares in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Stock options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Securities excluded from computation of earnings per common share (in shares)	648	83	66
Restricted stock awards
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Securities excluded from computation of earnings per common share (in shares)	221	10	28
Performance-based warrants
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Securities excluded from computation of earnings per common share (in shares)	69	0	0

Derivatives - Fair Value (Details) - Fair value measurements, recurring - Foreign Currency Exchange Contract - Not designated as hedging instrument - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Estimate of fair value
Derivatives, Fair Value [Line Items]
Foreign currency exchange contracts	$ (565)	$ (1,584)
Level 1
Derivatives, Fair Value [Line Items]
Foreign currency exchange contracts	0	0
Level 2
Derivatives, Fair Value [Line Items]
Foreign currency exchange contracts	(565)	(1,584)
Level 3
Derivatives, Fair Value [Line Items]
Foreign currency exchange contracts	$ 0	$ 0

Derivatives - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
Derivatives - Narrative (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Derivative Instruments, Gain (Loss) [Line Items]
Net gain (loss) on foreign currency exchange contracts	$ (3,603)	$ (1,251)	$ 294
Not designated as hedging instrument \| Foreign Currency Exchange Contract
Derivative Instruments, Gain (Loss) [Line Items]
Net gain (loss) on foreign currency exchange contracts	$ (3,600)	$ (1,300)	$ 300

Derivatives - Contracts Held (Details) - Not designated as hedging instrument	12 Months Ended
	Dec. 31, 2017 USD ($) $ / € ¥ / $ $ / R$	Dec. 31, 2016 USD ($) $ / € ¥ / $ $ / R$
Euro \| Foreign Currency Exchange Contract
Derivative [Line Items]
Notional Value	$ 17,000,000	$ 18,000,000
Forward Rate \| $ / €	1.1858	1.0513
Unrealized Gain/(Loss) Recorded at Balance Sheet Date	$ (220,000)	$ (61,000)
Chinese Yuan Renminbi \| Foreign Currency Exchange Contract, One
Derivative [Line Items]
Notional Value	$ 20,000,000	$ 25,000,000
Forward Rate \| ¥ / $	6.6481	6.7230
Unrealized Gain/(Loss) Recorded at Balance Sheet Date	$ (410,000)	$ (974,000)
Chinese Yuan Renminbi \| Foreign Exchange Forward, Contract Three
Derivative [Line Items]
Notional Value		$ 10,000,000
Forward Rate \| ¥ / $		6.6757
Unrealized Gain/(Loss) Recorded at Balance Sheet Date		$ (457,000)
USD \| Foreign Currency Exchange Contract, Two
Derivative [Line Items]
Notional Value	$ 2,500,000.0	$ 2,000,000
Forward Rate \| $ / R$	3.2350	3.4775
Unrealized Gain/(Loss) Recorded at Balance Sheet Date	$ 65,000	$ (131,000)
USD \| Foreign Exchange Forward, Contract Four
Derivative [Line Items]
Notional Value		$ 4,000,000
Forward Rate \| $ / R$		3.2316
Unrealized Gain/(Loss) Recorded at Balance Sheet Date		$ 39,000

Employee Benefit Plans (Details) - USD ($) $ in Millions	12 Months Ended
Employee Benefit Plans (Details) - USD ($) $ in Millions	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Retirement Benefits [Abstract]
Percent of employer matching contribution	50.00%
Maximum percent of annual employer matched contribution per employee	15.00%
Company contributions expense	$ 0.6	$ 0.9	$ 0.9

Business Combinations - Additional Disclosures (Details) - USD ($) $ in Thousands				12 Months Ended
	Apr. 06, 2017	Apr. 21, 2016	Aug. 04, 2015	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Business Acquisition [Line Items]
Cash consideration				$ 8,894	$ 0	$ 0
Long-term contingent consideration				13,400	10,500
Ecolink Intelligent Technology, Inc.
Business Acquisition [Line Items]
Purchase price			$ 24,100
Cash consideration			12,949
Contingent consideration			11,200
Acquisition costs			200
Fair value of noncontrolling interest			$ 378
Net sales since acquisition date				33,000	4,800	1,300
Net loss since acquisition date				700	1,600	1,000
Period of recognition for earnout payments to acquiree (in years)			5 years
Long-term contingent consideration				14,900	10,500	$ 11,800
Increase (decrease) in earnout contingent consideration				4,400	(1,300)
Ecolink Intelligent Technology, Inc. \| Other Nonoperating Income (Expense)
Business Acquisition [Line Items]
Deconsolidation gain		$ 65
Ecolink Intelligent Technology, Inc. \| Income Approach Valuation Technique
Business Acquisition [Line Items]
Fair value inputs, discount rate			15.50%
Ecolink Intelligent Technology, Inc. \| Encore Controls LLC \| Variable Interest Entity, Primary Beneficiary
Business Acquisition [Line Items]
Acquired ownership interest of Acquiree's subsidiary (percentage)			50.00%
Aggregated fair value of net assets acquired			$ 700
Fair value of noncontrolling interest			$ 400
Residential Control Systems, Inc
Business Acquisition [Line Items]
Purchase price	$ 12,600
Cash consideration	8,894
Contingent consideration	3,700
Acquisition costs	200			100
Net sales since acquisition date				3,500
Net loss since acquisition date				400
Additional earnout payments	10,000
Contingent consideration	$ 3,700
Pro forma information, increase (decrease) in amortization expense, net				100	$ 700
Residential Control Systems, Inc \| Income Approach Valuation Technique
Business Acquisition [Line Items]
Fair value inputs, discount rate	24.80%
Other Accrued Liabilities \| Ecolink Intelligent Technology, Inc.
Business Acquisition [Line Items]
Long-term contingent consideration				3,800
Long-term Contingent Consideration \| Ecolink Intelligent Technology, Inc.
Business Acquisition [Line Items]
Long-term contingent consideration				11,100
Long-term Contingent Consideration \| Residential Control Systems, Inc
Business Acquisition [Line Items]
Long-term contingent consideration				$ 2,300

Business Combinations Business Combinations - Purchase Price Allocation (Details) - USD ($) $ in Thousands			12 Months Ended
	Apr. 06, 2017	Aug. 04, 2015	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015	Jun. 30, 2017
Business Acquisition [Line Items]
Goodwill			$ 48,651	$ 43,052	$ 43,116
Cash paid			$ 8,894	$ 0	$ 0
Minimum
Business Acquisition [Line Items]
Intangible asset, estimated useful life			1 year
Maximum
Business Acquisition [Line Items]
Intangible asset, estimated useful life			15 years
Developed technology \| Minimum
Business Acquisition [Line Items]
Intangible asset, estimated useful life			5 years
Developed technology \| Maximum
Business Acquisition [Line Items]
Intangible asset, estimated useful life			15 years
Customer relationships \| Minimum
Business Acquisition [Line Items]
Intangible asset, estimated useful life			10 years
Customer relationships \| Maximum
Business Acquisition [Line Items]
Intangible asset, estimated useful life			15 years
Order backlog
Business Acquisition [Line Items]
Intangible asset, estimated useful life			1 year
Ecolink Intelligent Technology, Inc.
Business Acquisition [Line Items]
Cash and cash equivalents		$ 685
Accounts receivable		374
Inventories		1,412
Prepaid expenses and other current assets		253
Property, plant and equipment		16
Non-interest bearing liabilities		(1,557)
Net tangible assets acquired		1,183
Goodwill	$ 5,494	12,564
Total purchase price		24,527
Noncontrolling interest in Encore		(378)
Net purchase price		24,149
Less: Contingent consideration		(11,200)
Cash paid		12,949
Ecolink Intelligent Technology, Inc. \| Minimum
Business Acquisition [Line Items]
Property, plant and equipment, estimated useful life			1 year
Ecolink Intelligent Technology, Inc. \| Maximum
Business Acquisition [Line Items]
Property, plant and equipment, estimated useful life			4 years
Ecolink Intelligent Technology, Inc. \| Trade name
Business Acquisition [Line Items]
Intangible assets		400				$ 400
Intangible asset, estimated useful life			7 years
Ecolink Intelligent Technology, Inc. \| Developed technology
Business Acquisition [Line Items]
Intangible assets		9,080
Ecolink Intelligent Technology, Inc. \| Developed technology \| Minimum
Business Acquisition [Line Items]
Intangible asset, estimated useful life			4 years
Ecolink Intelligent Technology, Inc. \| Developed technology \| Maximum
Business Acquisition [Line Items]
Intangible asset, estimated useful life			14 years
Ecolink Intelligent Technology, Inc. \| Customer relationships
Business Acquisition [Line Items]
Intangible assets		$ 1,300				5,000
Intangible asset, estimated useful life			5 years
Ecolink Intelligent Technology, Inc. \| Order backlog
Business Acquisition [Line Items]
Intangible assets						$ 200
Residential Control Systems, Inc
Business Acquisition [Line Items]
Accounts receivable	429
Inventories	1,508
Prepaid expenses and other current assets	7
Property, plant and equipment	14
Current liabilities	(408)
Net tangible assets acquired	1,550
Goodwill			$ 5,500
Total purchase price	12,594
Less: Contingent consideration	(3,700)
Cash paid	8,894
Residential Control Systems, Inc \| Minimum
Business Acquisition [Line Items]
Property, plant and equipment, estimated useful life			1 year
Residential Control Systems, Inc \| Maximum
Business Acquisition [Line Items]
Property, plant and equipment, estimated useful life			4 years
Residential Control Systems, Inc \| Trade name
Business Acquisition [Line Items]
Intangible assets	400
Intangible asset, estimated useful life			8 years
Residential Control Systems, Inc \| Customer relationships
Business Acquisition [Line Items]
Intangible assets	5,000
Intangible asset, estimated useful life			10 years
Residential Control Systems, Inc \| Order backlog
Business Acquisition [Line Items]
Intangible assets	$ 150
Intangible asset, estimated useful life			1 year

Business Combinations - Pro Forma Results (Details) - Residential Control Systems, Inc - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Business Acquisition [Line Items]
Net sales	$ 696,352	$ 659,272
Net income (loss)	(10,538)	19,997
Net income (loss) attributable to Universal Electronics Inc.	$ (10,538)	$ 19,967
Basic earnings (loss) per share attributable to Universal Electronics, Inc. (in dollars per share)	$ (0.0073)	$ 1.38
Diluted earnings (loss) per share attributable to Universal Electronics, Inc. (in dollars per share)	$ (0.0073)	$ 1.35

Quarterly Financial Data (Unaudited) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Quarterly Financial Information Disclosure [Abstract]
Net sales	$ 181,152	$ 175,652	$ 177,580	$ 161,406	$ 160,542	$ 169,185	$ 170,986	$ 150,658	$ 695,790	$ 651,371	$ 602,833
Gross profit	37,852	43,070	43,751	41,034	41,236	41,785	43,456	37,647	165,707	164,124	166,749
Operating income (loss)	(480)	4,212	7,303	(365)	6,266	8,121	7,969	3,041	10,670	25,397	35,919
Net income (loss)	(16,854)	1,728	4,684	119	3,236	7,807	6,598	2,743	(10,323)	20,384	29,173
Net income (loss) attributable to Universal Electronics Inc.	$ (16,854)	$ 1,728	$ 4,684	$ 119	$ 3,236	$ 7,807	$ 6,590	$ 2,721	$ (10,323)	$ 20,354	$ 29,174
Earnings (loss) per share attributable to Universal Electronics Inc.:
Basic (in dollars per share)	$ (1.19)	$ 0.12	$ 0.33	$ 0.01	$ 0.22	$ 0.54	$ 0.46	$ 0.19	$ (0.72)	$ 1.41	$ 1.91
Diluted (in dollars per share)	$ (1.19)	$ 0.12	$ 0.32	$ 0.01	$ 0.22	$ 0.53	$ 0.45	$ 0.19	$ (0.72)	$ 1.38	$ 1.88