Rendering

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Network
2301302 - Disclosure - Nature Of Business And Summary Of Significant Accounting Policies (Tables)
(http://www.ipgphotonics.com/role/NatureOfBusinessAndSummaryOfSignificantAccountingPoliciesTables)
Table(Implied)
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Organization, Consolidation and Presentation of Financial Statements [Abstract]Period [Axis]
2016-01-01 - 2016-12-31
Organization, Consolidation and Presentation of Financial Statements [Abstract]
 
Economic Useful Lives Of Property, Plant And Equipment
The following table presents the assigned economic useful lives of property, plant and equipment:
Category
  
Economic
Useful Life
 
Buildings
  
30 years
  
Machinery and equipment
  
5-12 years
  
Office furniture and fixtures
  
3-5 years
  
 
 
Allowance For Doubtful Accounts
Activity related to the allowance for doubtful accounts was as follows:
 
 
2016
 
2015
 
2014
Balance at January 1
 
$
1,811

 
$
1,890

 
$
2,473

Provision for bad debts, net of recoveries
 
111

 
427

 
579

Uncollectable accounts written off
 
(76
)
 
(114
)
 
(617
)
Foreign currency translation
 
170

 
(392
)
 
(545
)
Balance at December 31
 
$
2,016

 
$
1,811

 
$
1,890

 
 
Summary Of Product Warranty Activity
Activity related to the warranty accrual was as follows:
 
 
2016
 
2015
 
2014
Balance at January 1
 
$
28,210

 
$
19,272

 
$
14,997

Provision for warranty accrual
 
22,483

 
22,808

 
15,449

Warranty claims
 
(16,220
)
 
(12,208
)
 
(9,165
)
Foreign currency translation and other
 
(495
)
 
(1,662
)
 
(2,009
)
Balance at December 31
 
$
33,978

 
$
28,210

 
$
19,272

 
 
Assets And Liabilities Measured At Fair Value
The following table presents information about the Company's assets and liabilities measured at fair value:
 
 
 
 Fair Value Measurements at December 31, 2016
 
Total
 
Level 1
 
Level 2
 
Level 3
Assets
 
 
 
 
 
 
 
Cash equivalents
$
179,699

 
$
179,699

 
$

 
$

Short-term investments
206,616

 
206,616

 

 

Interest rate swap
77

 

 
77

 

Auction rate securities
1,144

 

 

 
1,144

Total assets
$
387,536

 
$
386,315

 
$
77

 
$
1,144

Liabilities
 
 
 
 
 
 
 
Long-term notes
$
41,351

 
$

 
$
41,351

 
$

Total liabilities
$
41,351

 
$

 
$
41,351

 
$

 
 
 
 
 
 
 
 
 
 
 
 Fair Value Measurements at December 31, 2015
 
 
 
 
Total
 
Level 1
 
Level 2
 
Level 3
Assets
 
 
 
 
 
 
 
Cash equivalents
$
214,232

 
$
214,232

 
$

 
$

Short-term investments
106,375

 
106,375

 

 

Auction rate securities
1,136

 

 

 
1,136

Total assets
$
321,743

 
$
320,607

 
$

 
$
1,136

Liabilities
 
 
 
 
 
 
 
Long-term notes
$
19,667

 
$
19,667

 
$

 
$

Contingent purchase consideration
20

 

 

 
20

Total liabilities
$
19,687

 
$
19,667

 
$

 
$
20

 
 
Assets Measured At Fair Value On A Recurring Basis Using Significant Unobservable Inputs
The following table presents information about the Company's movement in Level 3 assets and liabilities measured at fair value:
 
 
2016
 
2015
 
2014
Auction Rate Securities
 
 
 
 
 
 
Balance, January 1
 
$
1,136

 
$
1,128

 
$
1,120

Period transactions
 
8

 
8

 
8

Balance, December 31
 
$
1,144

 
$
1,136

 
$
1,128

Contingent Purchase Consideration
 
 
 
 
 
 
Balance, January 1
 
$
20

 
$
98

 
$
375

Period transactions
 
(21
)
 
(50
)
 

Change in fair value and currency fluctuations
 
1

 
(28
)
 
(277
)
Balance, December 31
 
$

 
$
20

 
$
98

 
 
Components Of Accumulated Other Comprehensive Loss
Total components of accumulated other comprehensive loss were as follows:
 
 
December 31,
 
 
2016
 
2015
Foreign currency translation adjustments
 
$
(178,577
)
 
$
(181,725
)
Change in carrying value of auction rate securities
 
232

 
232

Unrealized gain on derivatives, net of tax of $28 and $45
 
60

 
11

Unrealized loss on available-for-sale investments, net of tax of $134 and $0
 
(298
)
 

Accumulated other comprehensive loss
 
$
(178,583
)
 
$
(181,482
)
 
 
Fair Value Of Cash Flow Hedges
The fair value amounts in the consolidated balance sheets were:
Notional Amounts1
 
Other Assets
 
Other Current Liabilities
 
Deferred
Income Taxes
And Other
Long-Term
Liabilities
December 31,
 
December 31,
 
December 31,
 
December 31,
2016
 
2015
 
2016
 
2015
 
2016
 
2015
 
2016
 
2015
$
23,156

 
$

 
$
77

 
$

 
$

 
$

 
$

 
$

 (1) Notional amounts represent the gross contract/notional amount of the derivative outstanding.
 
 
Derivative Gains (Losses) In The Consolidated Statements Of Income Related To Interest Rate Swap Contracts
The derivative gains and losses in the consolidated statements of income for the years ended December 31, 2016, 2015 and 2014, related to the Company's current and previous interest rate swap contracts were as follows:
 
 
Year Ended December 31,
 
 
2016
 
2015
 
2014
Effective portion recognized in other comprehensive income (loss), pretax:
 
 
 
 
 
 
Interest rate swap
 
$
85

 
$
304

 
$
567

Effective portion reclassified from other comprehensive income (loss) to interest expense, pretax:
 
 
 
 
 
 
Interest rate swap
 
$
(8
)
 
$
(153
)
 
$
(295
)
Ineffective portion recognized in income:
 
 
 
 
 
 
Interest rate swap
 
$

 
$

 
$