SEC Filings

10-Q
CRAY INC filed this Form 10-Q on 10/30/2018
Entire Document
 


The following tables show the changes in accumulated other comprehensive income by component for the three and nine months ended September 30, 2018 and 2017 (in thousands):
Three Months Ended September 30, 2018
 
 
Unrealized Gain on Investments
 
Foreign Currency Translation Adjustments
 
Unrealized Gain on Cash Flow Hedges
 
Accumulated Other Comprehensive Income
Beginning balance
 
$

 
$
452

 
$
1,494

 
$
1,946

Current-period change, net of tax
 

 
(126
)
 
(1,113
)
 
(1,239
)
Ending balance
 
$

 
$
326

 
$
381

 
$
707

 
 
 
 
 
 
 
 
 
Income tax expense (benefit) associated with current-period change
 
$

 
$

 
$

 
$

Three Months Ended September 30, 2017
 
 
Unrealized Gain (Loss) on Investments
 
Foreign Currency Translation Adjustments
 
Unrealized Loss on Cash Flow Hedges
 
Accumulated Other Comprehensive Income
Beginning balance
 
$
94

 
$
2,541

 
$
(455
)
 
$
2,180

Current-period change, net of tax
 
(98
)
 
(118
)
 
(948
)
 
(1,164
)
Ending balance
 
$
(4
)
 
$
2,423

 
$
(1,403
)
 
$
1,016

 
 
 
 
 
 
 
 
 
Income tax expense (benefit) associated with current-period change
 
$
(66
)
 
$
148

 
$
(632
)
 
$
(550
)
Nine Months Ended September 30, 2018
 
 
Unrealized Loss on Investments
 
Foreign Currency Translation Adjustments
 
Unrealized Gain (Loss) on Cash Flow Hedges
 
Accumulated Other Comprehensive Income
Beginning balance
 
$
(7
)
 
$
1,611

 
$
(689
)
 
$
915

Current-period change, net of tax
 
7

 
(1,285
)
 
1,070

 
(208
)
Ending balance
 
$

 
$
326

 
$
381

 
$
707

 
 
 
 
 
 
 
 
 
Income tax expense (benefit) associated with current-period change
 
$

 
$

 
$

 
$

Nine Months Ended September 30, 2017
 
 
Unrealized Loss on Investments
 
Foreign Currency Translation Adjustments
 
Unrealized Gain (Loss) on Cash Flow Hedges
 
Accumulated Other Comprehensive Income
Beginning balance
 
$

 
$
2,101

 
$
681

 
$
2,782

Current-period change, net of tax
 
(4
)
 
322

 
(2,084
)
 
(1,766
)
Ending balance
 
$
(4
)
 
$
2,423

 
$
(1,403
)
 
$
1,016

 
 
 
 
 
 
 
 
 
Income tax expense (benefit) associated with current-period change
 
$
(3
)
 
$
343

 
$
(1,389
)
 
$
(1,049
)
Note 5— Loss Per Share ("EPS")
Basic EPS is computed by dividing net loss available to common shareholders by the weighted average number of common shares, excluding unvested restricted stock, outstanding during the period. Diluted EPS is computed by dividing net loss available to common shareholders by the weighted average number of common and potential common shares outstanding during the period, which includes the additional dilution related to conversion of stock options, unvested restricted stock and unvested restricted stock units as computed under the treasury stock method.
For the three and nine months ended September 30, 2018 and 2017, outstanding stock options, unvested restricted stock and unvested restricted stock units were antidilutive because of the net losses and, as such, their effect has not been included in the

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