2022 Q1 Form 10-K Financial Statement

#000102373122000087 Filed on May 27, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2022 2021 Q4
Revenue $181.4M $638.1M $156.9M
YoY Change 25.33% 19.87% 14.77%
Cost Of Revenue $68.50M $247.6M $59.83M
YoY Change 12.11% 7.54% -0.94%
Gross Profit $112.9M $390.6M $97.04M
YoY Change 35.0% 29.24% 27.22%
Gross Profit Margin 62.23% 61.21% 61.86%
Selling, General & Admin $118.6M $432.3M $106.7M
YoY Change 20.58% 21.33% 21.54%
% of Gross Profit 105.12% 110.69% 110.0%
Research & Development $30.59M $112.4M $27.91M
YoY Change 20.89% 22.11% 17.76%
% of Gross Profit 27.1% 28.77% 28.76%
Depreciation & Amortization $14.47M $42.10M $11.05M
YoY Change 31.77% 7.95% -3.9%
% of Gross Profit 12.82% 10.78% 11.39%
Operating Expenses $149.2M $792.3M $194.5M
YoY Change 20.64% 16.77% 13.12%
Operating Profit -$40.54M -$154.1M -$37.62M
YoY Change 1.26% 5.47% 6.7%
Interest Expense -$7.927M -$22.68M -$5.411M
YoY Change 65.15% 21.26% 15.13%
% of Operating Profit
Other Income/Expense, Net $1.921M -$21.63M -$5.866M
YoY Change 16.33% 25.64%
Pretax Income -$46.55M -$175.8M -$43.48M
YoY Change 3.66% 6.69% 8.92%
Income Tax -$963.0K -$387.0K $87.00K
% Of Pretax Income
Net Earnings -$45.58M -$175.4M -$43.57M
YoY Change 1.22% 5.92% 8.32%
Net Earnings / Revenue -25.13% -27.48% -27.77%
Basic Earnings Per Share -$0.39 -$1.55 -$0.38
Diluted Earnings Per Share -$0.39 -$1.55 -$0.38
COMMON SHARES
Basic Shares Outstanding 118.3M shares 113.4M shares 113.5M shares
Diluted Shares Outstanding 113.4M shares 113.5M shares

Balance Sheet

Concept 2022 Q1 2022 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $136.1M $136.1M $244.9M
YoY Change -11.02% -11.02% 64.81%
Cash & Equivalents $91.21M $21.11M $200.4M
Short-Term Investments $44.85M $44.85M $44.55M
Other Short-Term Assets $38.00M $71.66M $32.33M
YoY Change 11.45% 20.03% -18.28%
Inventory
Prepaid Expenses $24.22M
Receivables $57.40M $67.91M $48.44M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $275.6M $275.6M $368.4M
YoY Change -0.33% -0.32% 34.32%
LONG-TERM ASSETS
Property, Plant & Equipment $79.02M $142.4M $81.61M
YoY Change -15.11% -10.81% -13.62%
Goodwill $266.9M $131.2M
YoY Change 0.0% -0.67%
Intangibles $128.2M $13.50M
YoY Change 648.47% -26.73%
Long-Term Investments $2.671M $2.671M $6.933M
YoY Change 77.77%
Other Assets $17.98M $79.29M $17.35M
YoY Change -12.72% 5.02% -16.72%
Total Long-Term Assets $634.6M $634.6M $387.4M
YoY Change 57.92% 57.91% -7.43%
TOTAL ASSETS
Total Short-Term Assets $275.6M $275.6M $368.4M
Total Long-Term Assets $634.6M $634.6M $387.4M
Total Assets $910.3M $910.3M $755.8M
YoY Change 34.18% 34.18% 9.1%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $49.72M $49.72M $24.73M
YoY Change 59.18% 59.36% -23.53%
Accrued Expenses $74.97M $74.97M $58.84M
YoY Change 30.84% 30.84% -6.75%
Deferred Revenue $34.26M $23.55M
YoY Change 65.22% 30.72%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00
YoY Change
Total Short-Term Liabilities $191.5M $191.5M $121.5M
YoY Change 57.79% 57.77% -4.9%
LONG-TERM LIABILITIES
Long-Term Debt $447.5M $447.5M $441.0M
YoY Change 45.07% 45.09% 45.01%
Other Long-Term Liabilities $2.975M $88.92M $2.062M
YoY Change 12.82% 0.93% -74.74%
Total Long-Term Liabilities $450.4M $536.4M $443.1M
YoY Change 44.8% 35.28% 41.88%
TOTAL LIABILITIES
Total Short-Term Liabilities $191.5M $191.5M $121.5M
Total Long-Term Liabilities $450.4M $536.4M $443.1M
Total Liabilities $727.9M $727.9M $638.7M
YoY Change 40.55% 40.55% 21.56%
SHAREHOLDERS EQUITY
Retained Earnings -$766.4M -$720.9M
YoY Change 29.67% 32.02%
Common Stock $118.0K $112.0K
YoY Change 8.26% 4.67%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $182.4M $182.4M $117.2M
YoY Change
Total Liabilities & Shareholders Equity $910.3M $910.3M $755.8M
YoY Change 34.18% 34.18% 9.1%

Cashflow Statement

Concept 2022 Q1 2022 2021 Q4
OPERATING ACTIVITIES
Net Income -$45.58M -$175.4M -$43.57M
YoY Change 1.22% 5.92% 8.32%
Depreciation, Depletion And Amortization $14.47M $42.10M $11.05M
YoY Change 31.77% 7.95% -3.9%
Cash From Operating Activities $16.53M $34.68M $9.023M
YoY Change 1965.75% -346.55% -601.28%
INVESTING ACTIVITIES
Capital Expenditures -$6.010M $4.137M -$4.526M
YoY Change -19.0% -35.66% -39.65%
Acquisitions $125.4M
YoY Change 1105.87%
Other Investing Activities -$123.8M -$135.5M $3.158M
YoY Change 6896.95% 12443.61% -138.65%
Cash From Investing Activities -$129.9M -$160.0M -$1.368M
YoY Change 1314.55% 340.46% -91.27%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $45.00M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 5.466M $105.4M 89.77M
YoY Change -24.81% 699.16% 6549.41%
NET CHANGE
Cash From Operating Activities 16.53M $34.68M 9.023M
Cash From Investing Activities -129.9M -$160.0M -1.368M
Cash From Financing Activities 5.466M $105.4M 89.77M
Net Change In Cash -107.9M -$20.46M 97.42M
YoY Change 9617.48% -41.95% -704.35%
FREE CASH FLOW
Cash From Operating Activities $16.53M $34.68M $9.023M
Capital Expenditures -$6.010M $4.137M -$4.526M
Free Cash Flow $22.54M $30.54M $13.55M
YoY Change 174.16% -249.02% 137.7%

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CY2021 us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
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247000 USD
CY2021 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
13269000 USD
CY2021 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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108417000 USD
CY2021 us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
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CY2021 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
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7736000 USD
CY2021 us-gaap Net Income Loss
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CY2021Q1 us-gaap Stockholders Equity
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160504000 USD
CY2022 us-gaap Stock Issued During Period Value Share Based Compensation
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15922000 USD
CY2022 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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132736000 USD
CY2022 eght Apic Share Based Payment Arrangement Acquisition Increase For Cost Recognition
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828000 USD
CY2022 us-gaap Stock Repurchased During Period Value
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44976000 USD
CY2022 us-gaap Adjustments To Additional Paid In Capital Equity Component Of Convertible Debt
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15599000 USD
CY2022 us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
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-571000 USD
CY2022 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
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-3149000 USD
CY2022 us-gaap Net Income Loss
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CY2022Q1 us-gaap Common Stock Shares Issued
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CY2022Q1 us-gaap Common Stock Shares Outstanding
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CY2022Q1 us-gaap Stockholders Equity
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CY2022 us-gaap Net Income Loss
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CY2021 us-gaap Net Income Loss
NetIncomeLoss
-165585000 USD
CY2020 us-gaap Net Income Loss
NetIncomeLoss
-172368000 USD
CY2022 us-gaap Depreciation
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11374000 USD
CY2021 us-gaap Depreciation
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11297000 USD
CY2020 us-gaap Depreciation
Depreciation
9360000 USD
CY2022 us-gaap Amortization Of Intangible Assets
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8317000 USD
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
6886000 USD
CY2020 us-gaap Amortization Of Intangible Assets
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8842000 USD
CY2022 us-gaap Capitalized Computer Software Amortization1
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28863000 USD
CY2021 us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
26934000 USD
CY2020 us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
19025000 USD
CY2022 us-gaap Amortization Of Financing Costs And Discounts
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20404000 USD
CY2021 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
16898000 USD
CY2020 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
14045000 USD
CY2021 us-gaap Other Operating Activities Cash Flow Statement
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1521000 USD
CY2020 us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
3522000 USD
CY2022 us-gaap Amortization Of Deferred Sales Commissions
AmortizationOfDeferredSalesCommissions
34701000 USD
CY2021 us-gaap Amortization Of Deferred Sales Commissions
AmortizationOfDeferredSalesCommissions
27817000 USD
CY2020 us-gaap Amortization Of Deferred Sales Commissions
AmortizationOfDeferredSalesCommissions
19541000 USD
CY2022 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
1974000 USD
CY2021 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
4471000 USD
CY2020 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
3479000 USD
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
13482000 USD
CY2021 us-gaap Operating Lease Cost
OperatingLeaseCost
15210000 USD
CY2020 us-gaap Operating Lease Cost
OperatingLeaseCost
14971000 USD
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
133331000 USD
CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
107638000 USD
CY2020 us-gaap Share Based Compensation
ShareBasedCompensation
70878000 USD
CY2022 us-gaap Other Operating Activities Cash Flow Statement
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3726000 USD
CY2022 us-gaap Increase Decrease In Accounts Receivable
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-6867000 USD
CY2021 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
14869000 USD
CY2020 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
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CY2021 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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-10033000 USD
CY2020 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
2159000 USD
CY2022 us-gaap Increase Decrease In Deferred Revenue
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4010000 USD
CY2022 us-gaap Increase Decrease In Deferred Charges
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44224000 USD
CY2021 us-gaap Increase Decrease In Deferred Charges
IncreaseDecreaseInDeferredCharges
52960000 USD
CY2020 us-gaap Increase Decrease In Deferred Charges
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46421000 USD
CY2022 us-gaap Increase Decrease In Other Operating Assets
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4022000 USD
CY2021 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
3963000 USD
CY2020 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
33137000 USD
CY2022 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-8740000 USD
CY2021 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
14672000 USD
CY2020 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
4936000 USD
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
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34680000 USD
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
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-14066000 USD
CY2020 us-gaap Net Cash Provided By Used In Operating Activities
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-93905000 USD
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
4137000 USD
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
6430000 USD
CY2020 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
35834000 USD
CY2022 us-gaap Payments For Software
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20370000 USD
CY2021 us-gaap Payments For Software
PaymentsForSoftware
28816000 USD
CY2020 us-gaap Payments For Software
PaymentsForSoftware
31573000 USD
CY2022 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
83383000 USD
CY2021 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
52172000 USD
CY2020 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
42223000 USD
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CY2021 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
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1018000 USD
CY2020 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
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36515000 USD
CY2022 us-gaap Proceeds From Sale Maturity And Collection Of Shortterm Investments
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60023000 USD
CY2021 us-gaap Proceeds From Sale Maturity And Collection Of Shortterm Investments
ProceedsFromSaleMaturityAndCollectionOfShorttermInvestments
60479000 USD
CY2020 us-gaap Proceeds From Sale Maturity And Collection Of Shortterm Investments
ProceedsFromSaleMaturityAndCollectionOfShorttermInvestments
25950000 USD
CY2022 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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125410000 USD
CY2021 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
10400000 USD
CY2020 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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59129000 USD
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
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CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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CY2020 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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CY2022 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
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CY2021 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
78000 USD
CY2020 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
315000 USD
CY2022 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
310000 USD
CY2021 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
69000 USD
CY2020 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
6550000 USD
CY2022 us-gaap Proceeds From Stock Plans
ProceedsFromStockPlans
16107000 USD
CY2021 us-gaap Proceeds From Stock Plans
ProceedsFromStockPlans
13339000 USD
CY2020 us-gaap Proceeds From Stock Plans
ProceedsFromStockPlans
14330000 USD
CY2022 eght Payments For Capped Call
PaymentsForCappedCall
0 USD
CY2021 eght Payments For Capped Call
PaymentsForCappedCall
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CY2020 eght Payments For Capped Call
PaymentsForCappedCall
9288000 USD
CY2022 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
44976000 USD
CY2021 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 USD
CY2020 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 USD
CY2022 us-gaap Proceeds From Debt Net Of Issuance Costs
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134619000 USD
CY2021 us-gaap Proceeds From Debt Net Of Issuance Costs
ProceedsFromDebtNetOfIssuanceCosts
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CY2020 us-gaap Proceeds From Debt Net Of Issuance Costs
ProceedsFromDebtNetOfIssuanceCosts
73918000 USD
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
105425000 USD
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
13192000 USD
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
72095000 USD
CY2022 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2021 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1956000 USD
CY2020 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-168000 USD
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-20458000 USD
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-35239000 USD
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-128272000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
121172000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
156411000 USD
CY2019Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
284683000 USD
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
100714000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
121172000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
156411000 USD
CY2022 us-gaap Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
0 USD
CY2021 us-gaap Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
0 USD
CY2020 us-gaap Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
79100000 USD
CY2022 eght Right Of Use Assets Acquired With Business Combination
RightOfUseAssetsAcquiredWithBusinessCombination
7261000 USD
CY2021 eght Right Of Use Assets Acquired With Business Combination
RightOfUseAssetsAcquiredWithBusinessCombination
0 USD
CY2020 eght Right Of Use Assets Acquired With Business Combination
RightOfUseAssetsAcquiredWithBusinessCombination
0 USD
CY2022 us-gaap Business Combination Consideration Transferred Equity Interests Issued And Issuable
BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable
80856000 USD
CY2021 us-gaap Business Combination Consideration Transferred Equity Interests Issued And Issuable
BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable
0 USD
CY2020 us-gaap Business Combination Consideration Transferred Equity Interests Issued And Issuable
BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable
0 USD
CY2022 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
88000 USD
CY2021 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
0 USD
CY2020 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
0 USD
CY2022 us-gaap Interest Paid Net
InterestPaidNet
2156000 USD
CY2021 us-gaap Interest Paid Net
InterestPaidNet
1813000 USD
CY2020 us-gaap Interest Paid Net
InterestPaidNet
1553000 USD
CY2022 us-gaap Income Taxes Paid
IncomeTaxesPaid
1320000 USD
CY2021 us-gaap Income Taxes Paid
IncomeTaxesPaid
555000 USD
CY2020 us-gaap Income Taxes Paid
IncomeTaxesPaid
934000 USD
CY2022Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
91205000 USD
CY2021Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
112531000 USD
CY2020Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
137394000 USD
CY2022Q1 us-gaap Restricted Cash Current
RestrictedCashCurrent
8691000 USD
CY2021Q1 us-gaap Restricted Cash Current
RestrictedCashCurrent
8179000 USD
CY2020Q1 us-gaap Restricted Cash Current
RestrictedCashCurrent
10376000 USD
CY2022Q1 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
818000 USD
CY2021Q1 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
462000 USD
CY2020Q1 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
8641000 USD
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
100714000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
121172000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
156411000 USD
CY2022 us-gaap Fiscal Period
FiscalPeriod
The Company's fiscal year ends on March 31 of each calendar year. Each reference to a fiscal year in these Notes to Consolidated Financial Statements refers to the fiscal year ended March 31 of the calendar year indicated (for example, fiscal 2022 refers to the fiscal year ended March 31, 2022).
CY2022 us-gaap Use Of Estimates
UseOfEstimates
The preparation of the consolidated financial statements in conformity with United States generally accepted accounting principles generally ("U.S. GAAP") requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities and equity, disclosure of contingent assets and liabilities at the date of the consolidated financial statements, and the reported amounts of revenues and expenses during the reporting period. On an ongoing basis, the Company evaluates its estimates, including, but not limited to, those related to current expected credit losses, returns reserve for expected cancellations, fair value of and/or potential impairment of goodwill and intangible assets, capitalized internal-use software costs, benefit period for deferred commissions, stock-based compensation, incremental borrowing rate used to calculate operating lease liabilities, income and sales tax liabilities, convertible senior notes fair value, litigation, and other contingencies. The Company bases its estimates on known facts and circumstances, historical experience, and various other assumptions. Actual results could differ from those estimates under different assumptions or conditions.
CY2022Q1 us-gaap Capitalized Contract Cost Amortization Period
CapitalizedContractCostAmortizationPeriod
P5Y
CY2022 us-gaap Financing Receivable Allowance For Credit Losses Policy For Uncollectible Amounts
FinancingReceivableAllowanceForCreditLossesPolicyForUncollectibleAmounts
The Company accounts for allowance for credit losses under the current expected credit loss (“CECL”) impairment model for its financial assets, including accounts receivable, and presents the net amount of the financial instrument expected to be collected. The CECL impairment model requires an estimate of expected credit losses, measured over the contractual life of an instrument, that considers forecasts of future economic conditions in addition to information about past events and current conditions. Based on this model, the Company estimates the amount of uncollectible accounts receivable at the end of each reporting period based on the aging of the receivable balance, current and historical customer trends, communications with its customers, and macro-economic conditions. Amounts are written off after considerable collection efforts have been made and the amounts are determined to be uncollectible.
CY2022 us-gaap Advertising Expense
AdvertisingExpense
3400000 USD
CY2021 us-gaap Advertising Expense
AdvertisingExpense
9000000 USD
CY2020 us-gaap Advertising Expense
AdvertisingExpense
32200000 USD
CY2022 us-gaap Number Of Reporting Units
NumberOfReportingUnits
1 reportingUnit
CY2022 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="margin-bottom:8pt;margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Financial instruments that potentially subject the Company to significant concentrations of credit risk consist principally of cash and cash equivalents, investments, and trade accounts receivable. The Company has cash equivalents and investment policies that limit the amount of credit exposure to any one financial institution and restrict placement of these funds to financial institutions evaluated as highly credit-worthy. The Company has not experienced any material losses relating to its investments.</span></div><div style="margin-bottom:8pt;margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">The Company sells its products to customers and distributors. The Company performs credit evaluations of its customers' financial condition and generally does not require collateral from its customers. As of, and for the years ended, March 31, 2022 and 2021, no customer accounted for more than 10% of accounts receivable or revenues.</span></div><div style="margin-bottom:8pt;margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">The Company purchases all of its hardware products from suppliers that manufacture the hardware directly and from their distributors. The inability of any supplier to fulfill supply requirements of the Company could materially impact future operating results, financial position, or cash flows.</span></div><div style="margin-bottom:8pt;margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">The Company also relies primarily on third-party network service providers to provide telephone numbers and public switched telephone network ("PSTN") call termination and origination services for its customers. If these service providers failed to perform their obligations to the Company, such failure could materially impact future operating results, financial position, and cash flows.</span></div>
CY2022Q1 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
57400000 USD
CY2021Q1 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
51150000 USD
CY2022Q1 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
10514000 USD
CY2021Q1 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
12840000 USD
CY2022Q1 us-gaap Contract With Customer Asset Net Noncurrent
ContractWithCustomerAssetNetNoncurrent
15171000 USD
CY2021Q1 us-gaap Contract With Customer Asset Net Noncurrent
ContractWithCustomerAssetNetNoncurrent
17987000 USD
CY2022Q1 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
34262000 USD
CY2021Q1 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
20737000 USD
CY2022Q1 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
11430000 USD
CY2021Q1 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
2999000 USD
CY2022 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
15200000 USD
CY2022Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
715000000 USD
CY2022Q1 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.94
CY2022Q1 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P36M
CY2022Q1 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.06
CY2022 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
34700000 USD
CY2021 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
27800000 USD
CY2020 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
19500000 USD
CY2020 us-gaap Capitalized Contract Cost Impairment Loss
CapitalizedContractCostImpairmentLoss
0 USD
CY2022 us-gaap Capitalized Contract Cost Impairment Loss
CapitalizedContractCostImpairmentLoss
0 USD
CY2021 us-gaap Capitalized Contract Cost Impairment Loss
CapitalizedContractCostImpairmentLoss
0 USD
CY2022Q1 eght Cash Cash Equivalentsand Debt Securities Availableforsale Amortized Cost
CashCashEquivalentsandDebtSecuritiesAvailableforsaleAmortizedCost
148434000 USD
CY2022Q1 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
0 USD
CY2022Q1 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
204000 USD
CY2022Q1 eght Cash Cash Equivalentsand Debt Securities Availableforsale
CashCashEquivalentsandDebtSecuritiesAvailableforsale
148230000 USD
CY2021Q1 eght Cash Cash Equivalentsand Debt Securities Availableforsale Amortized Cost
CashCashEquivalentsandDebtSecuritiesAvailableforsaleAmortizedCost
161449000 USD
CY2021Q1 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
60000 USD
CY2021Q1 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
0 USD
CY2021Q1 eght Cash Cash Equivalentsand Debt Securities Availableforsale
CashCashEquivalentsandDebtSecuritiesAvailableforsale
161509000 USD
CY2021Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
29787000 USD
CY2021Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
17130000 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
153137000 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
24924000 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
128213000 USD
CY2021Q1 us-gaap Finite Lived Intangible Assets Gross
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8300000 USD
CY2021 us-gaap Amortization Of Intangible Assets
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6900000 USD
CY2020 us-gaap Amortization Of Intangible Assets
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8800000 USD
CY2022 eght Intangible Assets Fully Amortized Written Off
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CY2021 eght Intangible Assets Fully Amortized Written Off
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CY2022Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
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21101000 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
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20395000 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
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19095000 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
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13895000 USD
CY2022Q1 eght Finite Lived Intangible Assets Amortization Expense Year Five And Thereafter
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53727000 USD
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128213000 USD
CY2020Q1 us-gaap Goodwill
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128300000 USD
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0 USD
CY2021 us-gaap Goodwill Foreign Currency Translation Gain Loss
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3220000 USD
CY2021Q1 us-gaap Goodwill
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131520000 USD
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136117000 USD
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CY2022Q1 us-gaap Goodwill
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2462000 USD
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63415000 USD
CY2021Q1 us-gaap Operating Lease Right Of Use Asset
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15485000 USD
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12942000 USD
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74518000 USD
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CY2022Q1 us-gaap Operating Lease Liability
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90003000 USD
CY2021Q1 us-gaap Operating Lease Liability
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CY2022 us-gaap Operating Lease Cost
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13482000 USD
CY2022 us-gaap Variable Lease Cost
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3837000 USD
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17300000 USD
CY2021 us-gaap Operating Lease Payments
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9900000 USD
CY2022Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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P7Y4M24D
CY2021Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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P8Y4M24D
CY2022Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
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0.040
CY2021Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
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0.040
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18692000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
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13697000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
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12537000 USD
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11339000 USD
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10032000 USD
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38617000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due
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104914000 USD
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14911000 USD
CY2022Q1 us-gaap Operating Lease Liability
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90003000 USD
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162000 sqft
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CY2021Q1 eght Operating Leases Reimbursement Of Rent And Direct Expenses
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6400000 USD
CY2022Q1 eght Lease Assignment Lease Liability
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800000 USD
CY2022 us-gaap Loss On Contract Termination
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800000 USD
CY2022 us-gaap Guarantees Indemnifications And Warranties Policies
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<div style="margin-bottom:8pt;margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:120%">Indemnifications</span></div><div style="margin-bottom:8pt;margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">In the normal course of business, the Company may agree to indemnify other parties, including customers, lessors, and parties to other transactions with the Company with respect to certain matters, such as breaches of representations or covenants or intellectual property infringement or other claims made by third parties. These agreements may limit the time within which an indemnification claim can be made and the amount of the claim. In addition, the Company has entered into indemnification agreements with its officers and directors.</span></div><div style="margin-bottom:8pt;margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">It is not possible to determine the maximum potential amount of the Company's exposure under these indemnification agreements due to the limited history of prior indemnification claims and the unique facts and circumstances involved in each particular agreement. Historically, payments made by the Company under these agreements have not had a material impact on the Company's operating results, financial position, or cash flows. Under some of these agreements, however, the Company's potential indemnification liability might not have a contractual limit.</span></div>
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CY2021 us-gaap Allocated Share Based Compensation Expense Net Of Tax
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CY2020 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
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0
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17.01
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2274000 shares
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9.50
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8.67
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35000 shares
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22.05
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9.46
CY2022 us-gaap Stock Issued During Period Shares Stock Options Exercised
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CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
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7.89
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CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
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21.90
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CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
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10.67
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867000 shares
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Exercise Price
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CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
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10.60
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0 shares
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
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CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
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CY2022 us-gaap Income Tax Expense Benefit
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CY2020 us-gaap Income Tax Expense Benefit
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CY2022 us-gaap Current Federal Tax Expense Benefit
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CY2021 us-gaap Current Federal Tax Expense Benefit
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CY2020 us-gaap Current Federal Tax Expense Benefit
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CY2022 us-gaap Current State And Local Tax Expense Benefit
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185000 USD
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721000 USD
CY2021 us-gaap Current Foreign Tax Expense Benefit
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812000 USD
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CY2020 us-gaap Deferred Federal Income Tax Expense Benefit
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CY2022 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2021 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2020 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2022 us-gaap Deferred Foreign Income Tax Expense Benefit
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CY2021 us-gaap Deferred Foreign Income Tax Expense Benefit
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CY2021Q1 us-gaap Undistributed Earnings Of Foreign Subsidiaries
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15300000 USD
CY2020Q1 us-gaap Undistributed Earnings Of Foreign Subsidiaries
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9000000 USD
CY2021Q1 us-gaap Deferred Tax Assets Tax Credit Carryforwards Research
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22794000 USD
CY2022Q1 us-gaap Undistributed Earnings Of Foreign Subsidiaries
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12900000 USD
CY2020 us-gaap Deferred Foreign Income Tax Expense Benefit
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CY2022 us-gaap Deferred Income Tax Expense Benefit
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CY2021 us-gaap Deferred Income Tax Expense Benefit
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CY2020 us-gaap Deferred Income Tax Expense Benefit
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CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2021 us-gaap Income Tax Expense Benefit
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CY2020 us-gaap Income Tax Expense Benefit
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CY2021Q1 us-gaap Deferred Tax Assets Operating Loss Carryforwards
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CY2021Q1 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
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12669000 USD
CY2022Q1 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals
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23880000 USD
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CY2022Q1 eght Deferred Tax Assets Lease Liability
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CY2021Q1 eght Deferred Tax Assets Lease Liability
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22424000 USD
CY2022Q1 us-gaap Deferred Tax Assets Property Plant And Equipment
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836000 USD
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6091000 USD
CY2022Q1 us-gaap Deferred Tax Assets Gross
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436576000 USD
CY2021Q1 us-gaap Deferred Tax Assets Gross
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215831000 USD
CY2022Q1 us-gaap Deferred Tax Assets Valuation Allowance
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CY2021Q1 us-gaap Deferred Tax Assets Valuation Allowance
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160450000 USD
CY2022Q1 us-gaap Deferred Tax Assets Net
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87483000 USD
CY2021Q1 us-gaap Deferred Tax Assets Net
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55381000 USD
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28529000 USD
CY2021Q1 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
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CY2022 us-gaap Income Tax Reconciliation State And Local Income Taxes
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CY2021 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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CY2021Q1 us-gaap Deferred Tax Liabilities Deferred Expense
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27166000 USD
CY2022Q1 us-gaap Deferred Tax Liabilities Financing Arrangements
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12066000 USD
CY2021Q1 us-gaap Deferred Tax Liabilities Financing Arrangements
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12695000 USD
CY2022Q1 eght Deferred Tax Liabilities Right Of Use Asset
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14145000 USD
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15520000 USD
CY2022Q1 us-gaap Deferred Tax Liabilities
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114000 USD
CY2021Q1 us-gaap Deferred Tax Liabilities
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CY2021Q1 us-gaap Deferred Tax Assets Valuation Allowance
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160500000 USD
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490500000 USD
CY2022Q1 eght Operating Loss Carryforwards Not Subject Expiration
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CY2021 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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1140000 USD
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CY2021 us-gaap Income Tax Reconciliation State And Local Income Taxes
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4078000 USD
CY2020 us-gaap Income Tax Reconciliation Tax Credits Research
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49620000 USD
CY2021 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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47225000 USD
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CY2021 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
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CY2020 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
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6194000 USD
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3017000 USD
CY2022 us-gaap Income Tax Reconciliation Other Adjustments
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CY2021 us-gaap Income Tax Reconciliation Other Adjustments
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690000 USD
CY2020 us-gaap Income Tax Reconciliation Other Adjustments
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1815000 USD
CY2022 us-gaap Income Tax Expense Benefit
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843000 USD
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832000 USD
CY2021Q1 us-gaap Unrecognized Tax Benefits
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7053000 USD
CY2020Q1 us-gaap Unrecognized Tax Benefits
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6115000 USD
CY2019Q1 us-gaap Unrecognized Tax Benefits
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5033000 USD
CY2022 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
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1918000 USD
CY2021 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
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0 USD
CY2020 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
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CY2022 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
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63000 USD
CY2021 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
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CY2020 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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CY2020Q1 us-gaap Unrecognized Tax Benefits
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