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1121788_16_item7_p83_s0 | 1121788_15_item7_p85_s0 | The $192.8 million increase in cash used in financing activities in fiscal year 2014 compared to fiscal year 2013 was primarily due to the following: | The $99.5 million decrease in cash used in financing activities in fiscal year 2015 compared to fiscal year 2014 was primarily due to the following: | 2 | [
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1121788_17_item7_p33_s0 | 1121788_16_item7_p36_s0 | Research and development expense increased 8% due to ongoing development activities for new products and additional engineering personnel throughout fiscal year 2015. | Research and development expense increased 10% due to ongoing development activities for new products and additional engineering personnel throughout the 53-weeks ended December 31, 2016. | 2 | [
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1121788_17_item7_p34_s0 | 1121788_16_item7_p38_s0 | As a result of the above, operating income decreased 20% in absolute dollars and 460 basis points as a percent of revenue when compared to the fiscal year 2014. | As a result of the above, operating income increased 14% in absolute dollars and 120 basis points as a percent of revenue when compared to the 52-weeks ended December 26, 2015. | 2 | [
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1121788_17_item7_p23_s0 | 1121788_16_item7_p52_s0 | Net sales increased 9% in 2014 when compared to the year-ago period. | Net sales increased 7% in 2016 when compared to the year-ago period. | 2 | [
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1121788_17_item7_p47_s0 | 1121788_16_item7_p55_s0 | Cost of goods sold increased 3% in absolute dollars for fiscal year 2014 when compared to fiscal year 2013. | Cost of goods sold increased 1% in absolute dollars for fiscal year 2015 when compared to fiscal year 2014. | 2 | [
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1121788_17_item7_p51_s0 | 1121788_16_item7_p60_s0 | Selling, general and administrative expense increased 5% in absolute dollars and declined 50 basis points as a percent of revenues compared to fiscal year 2013. | Selling, general and administrative expense increased 6% in absolute dollars and 100 basis points as a percent of revenues compared to fiscal year 2014. | 2 | [
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1121788_17_item7_p55_s0 | 1121788_16_item7_p64_s0 | As a result of the above, operating income increased 20% in absolute dollars and 220 basis points as a percent of revenue when compared to the fiscal year 2013. | As a result of the above, operating income decreased 20% in absolute dollars and 460 basis points as a percent of revenue when compared to the fiscal year 2014. | 2 | [
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1121788_17_item7_p38_s3 | 1121788_16_item7_p68_s2 | The remaining net currency loss of $5.4 million is related to other currencies and timing of transactions. | The remaining net currency loss of $9.7 million is related to other currencies and timing of transactions. | 2 | [
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1121788_17_item7_p59_s3 | 1121788_16_item7_p68_s2 | The remaining net currency loss of $5.4 million is related to other currencies and timing of transactions. | The remaining net currency loss of $9.7 million is related to other currencies and timing of transactions. | 2 | [
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1121788_17_item7_p67_s0 | 1121788_16_item7_p74_s0 | As a result of the various factors noted above, net income decreased 41% to $364.2 million for the fiscal year 2014 compared to $612.4 million for fiscal year 2013. | As a result of the various factors noted above, net income increased 25% to $456.2 million for the fiscal year 2015 compared to $364.2 million for the fiscal year 2014. | 2 | [
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1121788_18_item7_p22_s0 | 1121788_17_item7_p23_s0 | Net sales increased 7% in 2016 when compared to the year-ago period. | Net sales increased 2% in 2017 when compared to the year-ago period. | 2 | [
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1121788_18_item7_p25_s0 | 1121788_17_item7_p27_s0 | Cost of goods sold increased 4% in absolute dollars for the 53-weeks ended December 31, 2016 when compared to the 52-weeks ended December 26, 2015. | Cost of goods sold decreased 3% in absolute dollars for the 52-weeks ended December 30, 2017 when compared to the 53-weeks ended December 31, 2016. | 2 | [
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1131096_12_item7_p57_s0 | 1131096_11_item7_p89_s0 | Since our inception, we have funded our growth primarily through the private sale of equity securities, totaling approximately $50.6 million, as well as through long-term debt, working capital, equipment-financing loans, and, in September 2007, we completed our initial public offering which provided net proceeds of app... | Liquidity and Capital Resources Sources of Liquidity We initially funded our growth primarily through the private sale of equity securities, totaling approximately $50.6 million, as well as through long-term debt, working capital, equipment-financing loans, and, in September 2007, we completed our initial public offeri... | 2 | [
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1131096_13_item7_p52_s0 | 1131096_12_item7_p45_s6 | This increase was primarily due to an increase in employee-related costs, including stock-based compensation expense, internal sales commissions and external partner channel commission of $15.2 million, or 44%, from $34.8 million for the year ended December 31, 2010 to $50.0 million for the year ended December 31, 2011... | The increase in selling and marketing expense was primarily due to employee-related costs, including stock-based compensation expense, internal sales commissions and external partner channel commission of $15.7 million, or 31%, from $50.0 million for the year ended December 31, 2011 , to $65.8 million for the year ende... | 2 | [
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1131096_14_item7_p57_s0 | 1131096_13_item7_p58_s0 | Total revenue for the year ended December 31, 2011 , increased almost entirely due to an increase in business services revenue. | Total revenue for the year ended December 31, 2013 increased by 41% due to an increase in business services revenue. | 2 | [
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1131096_15_item7_p42_s6 | 1131096_14_item7_p48_s0 | Sales and marketing expense does not include allocated amounts for rent, occupancy and other indirect costs (including building maintenance and utilities), depreciation, and amortization, except for a portion of amortization related to certain purchased intangible assets. | Direct operating expense does not include allocated amounts for rent, occupancy costs, depreciation, and amortization, except for amortization related to certain purchased intangible assets. | 2 | [
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1131096_15_item7_p2_s6 | 1131096_14_item7_p5_s1 | The cloud-based software is provided at no extra charge to users but is the primary conduit through which we exchange information between clients, insurance payers, and our staff of experts. | The software is provided at no extra charge to users but is the primary conduit through which we exchange information between clients, payers, trading partners, and our staff of experts. | 2 | [
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1131096_15_item7_p62_s10 | 1131096_14_item7_p66_s2 | These costs were partially offset by a $2.5 million net gain in the year ended December 31, 2013 , due to the early termination of our lease and the realization of the remaining balance in deferred rent upon acquisition of the Arsenal on the Charles property where our corporate headquarters are located in Watertown, Ma... | Finally, the year ended December 31, 2013 reflected a $2.5 million net gain due to the early termination of our lease and the realization of the remaining balance in deferred rent upon our acquisition of the Arsenal on the Charles. | 2 | [
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