2024 Q2 Form 10-K Financial Statement

#000102373124000042 Filed on May 21, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1 2024
Revenue $178.1M $179.4M $728.7M
YoY Change -2.8% -2.77% -2.05%
Cost Of Revenue $57.19M $56.76M $223.8M
YoY Change 4.6% 2.72% -7.3%
Gross Profit $121.0M $122.7M $504.9M
YoY Change -5.95% -5.12% 0.48%
Gross Profit Margin 67.9% 68.36% 69.28%
Selling, General & Admin $90.20M $102.7M $384.2M
YoY Change -4.79% 7.19% -8.63%
% of Gross Profit 74.57% 83.76% 76.09%
Research & Development $32.14M $33.93M $136.2M
YoY Change -8.94% -6.93% -6.84%
% of Gross Profit 26.57% 27.66% 26.98%
Depreciation & Amortization $1.908M $11.34M $47.18M
YoY Change -10.25% -4.54% -9.75%
% of Gross Profit 1.58% 9.24% 9.35%
Operating Expenses $122.3M $136.7M $520.4M
YoY Change -33.77% 3.3% -8.17%
Operating Profit -$1.374M -$14.01M -$15.50M
YoY Change -2.55% 363.69% -75.86%
Interest Expense -$8.894M -$9.602M -$40.86M
YoY Change -0.85% -20.03% 77.48%
% of Operating Profit
Other Income/Expense, Net -$8.240M $2.475M $6.454M
YoY Change -33.94% -122.1% -259.59%
Pretax Income -$9.614M -$21.53M -$63.95M
YoY Change -30.75% 180.82% -9.08%
Income Tax $676.0K $2.066M $3.642M
% Of Pretax Income
Net Earnings -$10.29M -$23.59M -$67.59M
YoY Change -32.86% 150.14% -7.59%
Net Earnings / Revenue -5.78% -13.15% -9.28%
Basic Earnings Per Share -$0.08 -$0.56
Diluted Earnings Per Share -$0.08 -$0.19 -$0.56
COMMON SHARES
Basic Shares Outstanding 125.4M shares 123.4M shares 121.1M shares
Diluted Shares Outstanding 126.0M shares 121.1M shares

Balance Sheet

Concept 2024 Q2 2024 Q1 2024
SHORT-TERM ASSETS
Cash & Short-Term Investments $117.3M $117.3M
YoY Change -14.76% -14.76%
Cash & Equivalents $130.8M $116.3M $62.32M
Short-Term Investments $1.048M $1.048M
Other Short-Term Assets $32.72M $35.26M $62.09M
YoY Change -0.63% -51.83% -15.16%
Inventory
Prepaid Expenses $15.78M $18.17M
Receivables $59.21M $58.98M $68.43M
Other Receivables $0.00 $0.00
Total Short-Term Assets $257.8M $247.8M $247.8M
YoY Change -6.08% -9.26% -9.26%
LONG-TERM ASSETS
Property, Plant & Equipment $51.40M $53.18M $89.11M
YoY Change -5.75% -51.79% -19.23%
Goodwill $266.4M $266.6M
YoY Change 0.0% -0.11%
Intangibles $81.62M $86.72M
YoY Change -19.99% -19.04%
Long-Term Investments
YoY Change
Other Assets $13.41M $12.78M $57.87M
YoY Change -11.2% -84.85% -31.43%
Total Long-Term Assets $498.0M $508.1M $508.1M
YoY Change -10.11% -10.65% -10.65%
TOTAL ASSETS
Total Short-Term Assets $257.8M $247.8M $247.8M
Total Long-Term Assets $498.0M $508.1M $508.1M
Total Assets $755.7M $756.0M $756.0M
YoY Change -8.78% -10.2% -10.2%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $51.73M $48.86M $48.86M
YoY Change 21.6% 4.4% 4.4%
Accrued Expenses $75.37M $78.10M $89.40M
YoY Change 34.04% 40.28% 60.57%
Deferred Revenue $33.70M $34.33M
YoY Change -16.6% -1.67%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $0.00
YoY Change -100.0% -100.0%
Total Short-Term Liabilities $172.4M $172.6M $172.6M
YoY Change -27.06% -24.93% -24.93%
LONG-TERM LIABILITIES
Long-Term Debt $409.7M $409.7M
YoY Change -4.46% -4.46%
Other Long-Term Liabilities $5.201M $7.290M $71.75M
YoY Change -28.03% -91.24% -13.77%
Total Long-Term Liabilities $5.201M $7.290M $481.4M
YoY Change -28.03% -98.58% -5.97%
TOTAL LIABILITIES
Total Short-Term Liabilities $172.4M $172.6M $172.6M
Total Long-Term Liabilities $5.201M $7.290M $481.4M
Total Liabilities $651.2M $654.0M $654.0M
YoY Change -10.01% -11.85% -11.85%
SHAREHOLDERS EQUITY
Retained Earnings -$870.8M -$860.5M
YoY Change 7.74% 8.52%
Common Stock $128.0K $125.0K
YoY Change 7.56% 8.7%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $104.6M $102.0M $102.0M
YoY Change
Total Liabilities & Shareholders Equity $755.7M $756.0M $756.0M
YoY Change -8.78% -10.2% -10.2%

Cashflow Statement

Concept 2024 Q2 2024 Q1 2024
OPERATING ACTIVITIES
Net Income -$10.29M -$23.59M -$67.59M
YoY Change -32.86% 150.14% -7.59%
Depreciation, Depletion And Amortization $1.908M $11.34M $47.18M
YoY Change -10.25% -4.54% -9.75%
Cash From Operating Activities $18.15M $12.65M $78.99M
YoY Change -31.45% -7.11% 61.9%
INVESTING ACTIVITIES
Capital Expenditures $382.0K $3.685M $16.94M
YoY Change 105.38% -32.19% 13.78%
Acquisitions $0.00
YoY Change -100.0%
Other Investing Activities $277.0K $0.00 $25.49M
YoY Change -97.35% -100.0% 21.72%
Cash From Investing Activities -$3.130M -$3.685M $8.546M
YoY Change -146.08% -165.6% 41.26%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $4.884M
YoY Change -108.79%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$352.0K -60.78M -83.41M
YoY Change -98.59% 3927.57% 120.76%
NET CHANGE
Cash From Operating Activities $18.15M 12.65M 78.99M
Cash From Investing Activities -$3.130M -3.685M 8.546M
Cash From Financing Activities -$352.0K -60.78M -83.41M
Net Change In Cash $14.50M -51.81M 4.120M
YoY Change 38.34% -392.21% -75.84%
FREE CASH FLOW
Cash From Operating Activities $18.15M $12.65M $78.99M
Capital Expenditures $382.0K $3.685M $16.94M
Free Cash Flow $17.77M $8.968M $62.05M
YoY Change -32.42% 9.53% 83.03%

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105000 usd
CY2023Q1 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
818000 usd
CY2022Q1 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
818000 usd
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
116723000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
112729000 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
100714000 usd
CY2024 us-gaap Number Of Reporting Units
NumberOfReportingUnits
1 reportingunit
CY2023 us-gaap Capitalized Computer Software Impairments1
CapitalizedComputerSoftwareImpairments1
3700000 usd
CY2023 us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
2700000 usd
CY2024 us-gaap Use Of Estimates
UseOfEstimates
<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:700;line-height:120%">USE OF ESTIMATES</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 preparation of the consolidated financial statements in conformity with 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 value and useful life of long-lived assets (including intangible assets and right-of-use 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.</span></div>
CY2024Q1 us-gaap Capitalized Contract Cost Amortization Period
CapitalizedContractCostAmortizationPeriod
P5Y
CY2024 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-style:italic;font-weight:700;line-height:120%">CONCENTRATIONS</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%">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. Although the Company deposits its cash with multiple financial institutions, its deposits may exceed federally insured limits. 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 March 31, 2024 and 2023, no customer accounted for more than 10% of accounts receivable. For the years ended March 31, 2024, 2023, and 2022, no customer accounted for more than 10% of revenue.</span></div>
CY2024 us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
11000000 usd
CY2024 us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
11000000 usd
CY2023Q1 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
34909000 usd
CY2024Q1 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
7810000 usd
CY2023Q1 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
10615000 usd
CY2024 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
38700000 usd
CY2024Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
775000000 usd
CY2024 us-gaap Advertising Expense
AdvertisingExpense
1000000 usd
CY2023 us-gaap Advertising Expense
AdvertisingExpense
1500000 usd
CY2022 us-gaap Advertising Expense
AdvertisingExpense
3400000 usd
CY2024Q1 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.86
CY2024Q1 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P24M
CY2024Q1 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.14
CY2024Q1 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
9453000 usd
CY2023Q1 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
11023000 usd
CY2024Q1 us-gaap Contract With Customer Asset Net Noncurrent
ContractWithCustomerAssetNetNoncurrent
7879000 usd
CY2023Q1 us-gaap Contract With Customer Asset Net Noncurrent
ContractWithCustomerAssetNetNoncurrent
10570000 usd
CY2024Q1 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
34325000 usd
CY2024 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
40200000 usd
CY2023 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
38200000 usd
CY2022 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
34700000 usd
CY2022 us-gaap Capitalized Contract Cost Impairment Loss
CapitalizedContractCostImpairmentLoss
0 usd
CY2024 us-gaap Capitalized Contract Cost Impairment Loss
CapitalizedContractCostImpairmentLoss
0 usd
CY2023 us-gaap Capitalized Contract Cost Impairment Loss
CapitalizedContractCostImpairmentLoss
0 usd
CY2024Q1 eght Cash Cash Equivalentsand Debt Securities Availableforsale Amortized Cost
CashCashEquivalentsandDebtSecuritiesAvailableforsaleAmortizedCost
117772000 usd
CY2024Q1 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
0 usd
CY2024Q1 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
1000 usd
CY2024Q1 eght Cash Cash Equivalentsand Debt Securities Availableforsale
CashCashEquivalentsandDebtSecuritiesAvailableforsale
117771000 usd
CY2023Q1 eght Cash Cash Equivalentsand Debt Securities Availableforsale Amortized Cost
CashCashEquivalentsandDebtSecuritiesAvailableforsaleAmortizedCost
138926000 usd
CY2023Q1 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
59000 usd
CY2023Q1 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
28000 usd
CY2023Q1 eght Cash Cash Equivalentsand Debt Securities Availableforsale
CashCashEquivalentsandDebtSecuritiesAvailableforsale
138957000 usd
CY2024Q1 us-gaap Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
3321000 usd
CY2023Q1 us-gaap Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
5497000 usd
CY2024Q1 eght Trade Accounts Receivable Current
TradeAccountsReceivableCurrent
59757000 usd
CY2023Q1 eght Trade Accounts Receivable Current
TradeAccountsReceivableCurrent
63501000 usd
CY2024Q1 us-gaap Unbilled Receivables Current
UnbilledReceivablesCurrent
4470000 usd
CY2023Q1 us-gaap Unbilled Receivables Current
UnbilledReceivablesCurrent
5668000 usd
CY2024Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
2746000 usd
CY2023Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
3644000 usd
CY2024Q1 us-gaap Contract With Customer Asset Accumulated Allowance For Credit Loss
ContractWithCustomerAssetAccumulatedAllowanceForCreditLoss
2502000 usd
CY2023Q1 us-gaap Contract With Customer Asset Accumulated Allowance For Credit Loss
ContractWithCustomerAssetAccumulatedAllowanceForCreditLoss
3218000 usd
CY2024Q1 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
58979000 usd
CY2023Q1 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
62307000 usd
CY2023Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
3644000 usd
CY2023Q1 us-gaap Contract With Customer Asset Accumulated Allowance For Credit Loss
ContractWithCustomerAssetAccumulatedAllowanceForCreditLoss
3218000 usd
CY2022Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
3373000 usd
CY2022Q1 us-gaap Contract With Customer Asset Accumulated Allowance For Credit Loss
ContractWithCustomerAssetAccumulatedAllowanceForCreditLoss
5527000 usd
CY2024 eght Accounts Receivable Allowance For Credit Loss Provision Adjustment
AccountsReceivableAllowanceForCreditLossProvisionAdjustment
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CY2024 us-gaap Contract With Customer Asset Credit Loss Expense
ContractWithCustomerAssetCreditLossExpense
-3581000 usd
CY2023 eght Accounts Receivable Allowance For Credit Loss Provision Adjustment
AccountsReceivableAllowanceForCreditLossProvisionAdjustment
-3255000 usd
CY2023 us-gaap Contract With Customer Asset Credit Loss Expense
ContractWithCustomerAssetCreditLossExpense
-3421000 usd
CY2024 us-gaap Allowance For Doubtful Accounts Receivable Recoveries
AllowanceForDoubtfulAccountsReceivableRecoveries
2867000 usd
CY2024 us-gaap Contract With Customer Asset Allowance For Credit Loss Recovery
ContractWithCustomerAssetAllowanceForCreditLossRecovery
4297000 usd
CY2023 us-gaap Allowance For Doubtful Accounts Receivable Recoveries
AllowanceForDoubtfulAccountsReceivableRecoveries
2984000 usd
CY2023 us-gaap Contract With Customer Asset Allowance For Credit Loss Recovery
ContractWithCustomerAssetAllowanceForCreditLossRecovery
5730000 usd
CY2024Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
2746000 usd
CY2024Q1 us-gaap Contract With Customer Asset Accumulated Allowance For Credit Loss
ContractWithCustomerAssetAccumulatedAllowanceForCreditLoss
2502000 usd
CY2023Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
3644000 usd
CY2023Q1 us-gaap Contract With Customer Asset Accumulated Allowance For Credit Loss
ContractWithCustomerAssetAccumulatedAllowanceForCreditLoss
3218000 usd
CY2024Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
238598000 usd
CY2023Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
226164000 usd
CY2024Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
185417000 usd
CY2023Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
168293000 usd
CY2024Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
53181000 usd
CY2023Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
57871000 usd
CY2024 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
26800000 usd
CY2023 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
36800000 usd
CY2022 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
42100000 usd
CY2023 us-gaap Capitalized Computer Software Impairments1
CapitalizedComputerSoftwareImpairments1
3700000 usd
CY2024Q1 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
18172000 usd
CY2023Q1 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
18546000 usd
CY2024Q1 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
9453000 usd
CY2023Q1 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
11023000 usd
CY2024Q1 us-gaap Other Assets Miscellaneous Current
OtherAssetsMiscellaneousCurrent
7633000 usd
CY2023Q1 us-gaap Other Assets Miscellaneous Current
OtherAssetsMiscellaneousCurrent
5061000 usd
CY2024Q1 us-gaap Other Assets Current
OtherAssetsCurrent
35258000 usd
CY2023Q1 us-gaap Other Assets Current
OtherAssetsCurrent
34630000 usd
CY2024Q1 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
19550000 usd
CY2023Q1 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
29614000 usd
CY2024Q1 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
44096000 usd
CY2023Q1 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
29570000 usd
CY2024Q1 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
14456000 usd
CY2023Q1 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
14556000 usd
CY2024Q1 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
78102000 usd
CY2023Q1 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
73740000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
152865000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
66148000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
86717000 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
152881000 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
45769000 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
107112000 usd
CY2024 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
20400000 usd
CY2023 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
21100000 usd
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
8300000 usd
CY2023 eght Intangible Assets Fully Amortized Written Off
IntangibleAssetsFullyAmortizedWrittenOff
0 usd
CY2024 eght Intangible Assets Fully Amortized Written Off
IntangibleAssetsFullyAmortizedWrittenOff
0 usd
CY2022 eght Intangible Assets Fully Amortized Written Off
IntangibleAssetsFullyAmortizedWrittenOff
13200000 usd
CY2024Q1 eght Intangible Assets Book Value Of Assets Sold
IntangibleAssetsBookValueOfAssetsSold
300000 usd
CY2024 eght Intangible Assets Consideration Received Including Non Cash Consideration
IntangibleAssetsConsiderationReceivedIncludingNonCashConsideration
1800000 usd
CY2023 us-gaap Gain Loss On Disposition Of Intangible Assets
GainLossOnDispositionOfIntangibleAssets
1800000 usd
CY2024 eght Gain Loss On Disposition Of Intangible Assets Amount To Be Received As Future Services
GainLossOnDispositionOfIntangibleAssetsAmountToBeReceivedAsFutureServices
300000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
19095000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
13896000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
11757000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
11044000 usd
CY2024Q1 eght Finite Lived Intangible Assets Amortization Expense Year Five And Thereafter
FiniteLivedIntangibleAssetsAmortizationExpenseYearFiveAndThereafter
30925000 usd
CY2024Q1 us-gaap Other Intangible Assets Net
OtherIntangibleAssetsNet
86717000 usd
CY2022Q1 us-gaap Goodwill
Goodwill
266867000 usd
CY2023 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-4000 usd
CY2023Q1 us-gaap Goodwill
Goodwill
266863000 usd
CY2024 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-289000 usd
CY2024Q1 us-gaap Goodwill
Goodwill
266574000 usd
CY2024 us-gaap Operating Lease Cost
OperatingLeaseCost
10934000 usd
CY2023 us-gaap Operating Lease Cost
OperatingLeaseCost
12030000 usd
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
13482000 usd
CY2024 us-gaap Variable Lease Cost
VariableLeaseCost
3690000 usd
CY2023 us-gaap Variable Lease Cost
VariableLeaseCost
6378000 usd
CY2022 us-gaap Variable Lease Cost
VariableLeaseCost
3837000 usd
CY2024 us-gaap Operating Lease Payments
OperatingLeasePayments
14634000 usd
CY2023 us-gaap Operating Lease Payments
OperatingLeasePayments
18985000 usd
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
17310000 usd
CY2024 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
2311000 usd
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
3777000 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
9104000 usd
CY2024Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P6Y2M12D
CY2023Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P7Y
CY2024Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.043
CY2023Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.041
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
13737000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
12633000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
11331000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
10661000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
10487000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
18435000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
77284000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
9342000 usd
CY2024Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
67942000 usd
CY2024 eght Lessee Operating Lease Percentage Of Leased Space Occupied
LesseeOperatingLeasePercentageOfLeasedSpaceOccupied
0.42
CY2024 us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
11000000 usd
CY2024 us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
11000000 usd
CY2023 us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
2700000 usd
CY2021Q4 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
45000000 usd
CY2022Q3 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
10695000 shares
CY2022Q3 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
60000000 usd
CY2024 us-gaap Guarantees Indemnifications And Warranties Policies
GuaranteesIndemnificationsAndWarrantiesPolicies
<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>
CY2024Q1 us-gaap Purchase Obligation
PurchaseObligation
28100000 usd
CY2023Q4 us-gaap Purchase Obligation
PurchaseObligation
1000000 usd
CY2024Q1 us-gaap Purchase Obligation Due In Next Twelve Months
PurchaseObligationDueInNextTwelveMonths
11400000 usd
CY2024Q1 us-gaap Purchase Obligation Due In Second Year
PurchaseObligationDueInSecondYear
10100000 usd
CY2024Q1 us-gaap Other Commitment
OtherCommitment
61200000 usd
CY2024Q1 us-gaap Proceeds From Legal Settlements
ProceedsFromLegalSettlements
14900000 usd
CY2024Q1 us-gaap Deferred Credits And Other Liabilities
DeferredCreditsAndOtherLiabilities
5600000 usd
CY2024Q1 us-gaap Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
3300000 usd
CY2024 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
61910000 usd
CY2023 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
89536000 usd
CY2022 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
133331000 usd
CY2024 eght Share Based Compensation Arrangement By Share Based Payment Award Options Cancelled In Period Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsCancelledInPeriodFairValue
300000 usd
CY2023 eght Share Based Compensation Arrangement By Share Based Payment Award Options Cancelled In Period Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsCancelledInPeriodFairValue
200000 usd
CY2022 eght Share Based Compensation Arrangement By Share Based Payment Award Options Cancelled In Period Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsCancelledInPeriodFairValue
31000 usd
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
400000 usd
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
700000 usd
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
900000 usd
CY2024 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
0 shares
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
0 shares
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
0 shares
CY2024 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3600000 usd
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2800000 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-400000 usd
CY2024 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
714000 usd
CY2023 us-gaap Current Federal Tax Expense Benefit
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