2021 Q3 Form 10-Q Financial Statement
#000156459021054582 Filed on November 04, 2021
Income Statement
Concept | 2021 Q3 | 2020 Q4 | 2020 Q3 |
---|
Balance Sheet
Concept | 2021 Q3 | 2020 Q4 | 2020 Q3 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $94.48M | $185.8M | $176.0M |
YoY Change | -46.33% | 41.85% | 34.7% |
Cash & Equivalents | $12.59M | $90.71M | $108.2M |
Short-Term Investments | $81.89M | $95.09M | $67.81M |
Other Short-Term Assets | |||
YoY Change | |||
Inventory | |||
Prepaid Expenses | |||
Receivables | $37.61M | $22.24M | $43.90M |
Other Receivables | $0.00 | $0.00 | $0.00 |
Total Short-Term Assets | $132.1M | $229.4M | $220.0M |
YoY Change | -39.95% | 23.16% | 21.73% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $86.69M | $29.70M | $30.50M |
YoY Change | 184.2% | 3.6% | -72.57% |
Goodwill | $12.86M | $12.86M | |
YoY Change | 0.0% | ||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | |||
YoY Change | |||
Total Long-Term Assets | $120.3M | $133.0M | $136.7M |
YoY Change | -12.02% | -8.56% | -7.23% |
TOTAL ASSETS | |||
Total Short-Term Assets | $132.1M | $229.4M | $220.0M |
Total Long-Term Assets | $120.3M | $133.0M | $136.7M |
Total Assets | $252.4M | $362.4M | $356.7M |
YoY Change | -29.24% | 9.25% | 8.72% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $7.729M | $2.160M | $2.475M |
YoY Change | 212.28% | -77.41% | -71.22% |
Accrued Expenses | $32.37M | $6.262M | $8.116M |
YoY Change | 298.89% | -40.51% | -67.67% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $66.22M | $61.29M | $60.86M |
YoY Change | 8.8% | -18.96% | -17.08% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $105.6M | $184.3M | $181.5M |
YoY Change | -41.8% | -32.79% | -33.37% |
Other Long-Term Liabilities | $82.58M | $2.470M | $89.00M |
YoY Change | -7.22% | 2584.78% | 846.81% |
Total Long-Term Liabilities | $188.2M | $2.470M | $270.5M |
YoY Change | -30.42% | 2584.78% | -4.01% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $66.22M | $61.29M | $60.86M |
Total Long-Term Liabilities | $188.2M | $2.470M | $270.5M |
Total Liabilities | $254.4M | $331.8M | $331.4M |
YoY Change | -23.23% | -7.15% | -6.7% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$476.1M | ||
YoY Change | 5.39% | ||
Common Stock | $427.5M | ||
YoY Change | 0.33% | ||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | -$81.22M | -$48.60M | -$53.84M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $252.4M | $362.4M | $356.7M |
YoY Change | -29.24% | 9.25% | 8.72% |
Cashflow Statement
Concept | 2021 Q3 | 2020 Q4 | 2020 Q3 |
---|
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
1138000 | ||
us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
0 | ||
CY2021Q1 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
155000 | |
CY2021Q1 | us-gaap |
Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
|
0 | |
CY2021Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
1523000 | |
CY2021Q1 | us-gaap |
Dividends Preferred Stock
DividendsPreferredStock
|
1600000 | |
us-gaap |
Gain Loss On Sales Of Assets And Asset Impairment Charges
GainLossOnSalesOfAssetsAndAssetImpairmentCharges
|
0 | ||
us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
-7520000 | ||
CY2021Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-2097000 | |
CY2021Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-50614000 | |
CY2021Q2 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
102000 | |
CY2021Q2 | us-gaap |
Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
|
0 | |
CY2021Q2 | us-gaap |
Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
|
65000 | |
CY2021Q2 | us-gaap |
Dividends Preferred Stock
DividendsPreferredStock
|
1600000 | |
CY2021Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-15020000 | |
CY2021Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-62691000 | |
CY2021Q3 | us-gaap |
Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
|
0 | |
CY2021Q3 | bnft |
Cancellation Of Convertible Senior Notes Capped Call Hedge Value
CancellationOfConvertibleSeniorNotesCappedCallHedgeValue
|
-98000 | |
CY2021Q3 | us-gaap |
Adjustments To Additional Paid In Capital Equity Component Of Convertible Debt
AdjustmentsToAdditionalPaidInCapitalEquityComponentOfConvertibleDebt
|
-3566000 | |
CY2021Q3 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
4595000 | |
CY2021Q3 | us-gaap |
Dividends Preferred Stock
DividendsPreferredStock
|
1600000 | |
CY2021Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-18054000 | |
CY2021Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-81218000 | |
CY2019Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-25644000 | |
CY2020Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
3677000 | |
CY2020Q1 | us-gaap |
Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
|
9383000 | |
CY2020Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-11136000 | |
CY2020Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-42472000 | |
CY2020Q2 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
69000 | |
CY2020Q2 | us-gaap |
Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
|
0 | |
CY2020Q2 | us-gaap |
Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
|
83000 | |
CY2020Q2 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
3323000 | |
CY2020Q2 | us-gaap |
Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
|
284000 | |
CY2020Q2 | us-gaap |
Dividends Preferred Stock
DividendsPreferredStock
|
462000 | |
CY2020Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-11862000 | |
CY2020Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-51605000 | |
CY2020Q3 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
288000 | |
CY2020Q3 | us-gaap |
Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
|
0 | |
CY2020Q3 | bnft |
Cancellation Of Convertible Senior Notes Capped Call Hedge Value
CancellationOfConvertibleSeniorNotesCappedCallHedgeValue
|
-26000 | |
CY2020Q3 | us-gaap |
Adjustments To Additional Paid In Capital Equity Component Of Convertible Debt
AdjustmentsToAdditionalPaidInCapitalEquityComponentOfConvertibleDebt
|
-412000 | |
CY2020Q3 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
3859000 | |
CY2020Q3 | us-gaap |
Dividends Preferred Stock
DividendsPreferredStock
|
1600000 | |
CY2020Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-4396000 | |
CY2020Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-53840000 | |
us-gaap |
Profit Loss
ProfitLoss
|
-35171000 | ||
us-gaap |
Profit Loss
ProfitLoss
|
-27394000 | ||
us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
18976000 | ||
us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
18479000 | ||
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
10494000 | ||
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
10859000 | ||
bnft |
Accretion Of Interest On Convertible Senior Notes
AccretionOfInterestOnConvertibleSeniorNotes
|
8590000 | ||
bnft |
Accretion Of Interest On Convertible Senior Notes
AccretionOfInterestOnConvertibleSeniorNotes
|
8834000 | ||
bnft |
Non Cash Accrued Finance Lease Interest Expense
NonCashAccruedFinanceLeaseInterestExpense
|
3259000 | ||
bnft |
Non Cash Accrued Finance Lease Interest Expense
NonCashAccruedFinanceLeaseInterestExpense
|
71000 | ||
bnft |
Rent Expense Less Than Payments
RentExpenseLessThanPayments
|
-41000 | ||
bnft |
Rent Expense Less Than Payments
RentExpenseLessThanPayments
|
-24000 | ||
bnft |
Non Cash Accretion Income From Investments
NonCashAccretionIncomeFromInvestments
|
-741000 | ||
bnft |
Non Cash Accretion Income From Investments
NonCashAccretionIncomeFromInvestments
|
-16000 | ||
us-gaap |
Gain Loss On Sales Of Assets And Asset Impairment Charges
GainLossOnSalesOfAssetsAndAssetImpairmentCharges
|
-4074000 | ||
us-gaap |
Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
|
10000000 | ||
us-gaap |
Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
|
0 | ||
us-gaap |
Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
|
10000000 | ||
bnft |
Repurchase Of Convertible Senior Notes
RepurchaseOfConvertibleSeniorNotes
|
98678000 | ||
us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
111000 | ||
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-1872000 | ||
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-3685000 | ||
us-gaap |
Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
|
-161000 | ||
us-gaap |
Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
|
38000 | ||
bnft |
Increase Decrease In Contract Prepaid And Other Current Assets
IncreaseDecreaseInContractPrepaidAndOtherCurrentAssets
|
-4009000 | ||
bnft |
Increase Decrease In Contract Prepaid And Other Current Assets
IncreaseDecreaseInContractPrepaidAndOtherCurrentAssets
|
-7502000 | ||
bnft |
Increase Decrease In Deferred Costs And Other Non Current Assets
IncreaseDecreaseInDeferredCostsAndOtherNonCurrentAssets
|
-1238000 | ||
bnft |
Increase Decrease In Deferred Costs And Other Non Current Assets
IncreaseDecreaseInDeferredCostsAndOtherNonCurrentAssets
|
-1014000 | ||
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
6960000 | ||
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-9157000 | ||
us-gaap |
Increase Decrease In Deferred Compensation
IncreaseDecreaseInDeferredCompensation
|
-2136000 | ||
us-gaap |
Increase Decrease In Deferred Compensation
IncreaseDecreaseInDeferredCompensation
|
490000 | ||
us-gaap |
Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
|
-3441000 | ||
us-gaap |
Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
|
-5726000 | ||
us-gaap |
Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
|
191000 | ||
us-gaap |
Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
|
3490000 | ||
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
27296000 | ||
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
11074000 | ||
us-gaap |
Payments To Acquire Investments
PaymentsToAcquireInvestments
|
91361000 | ||
us-gaap |
Payments To Acquire Investments
PaymentsToAcquireInvestments
|
67785000 | ||
us-gaap |
Proceeds From Maturities Prepayments And Calls Of Held To Maturity Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities
|
100588000 | ||
us-gaap |
Proceeds From Maturities Prepayments And Calls Of Held To Maturity Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities
|
0 | ||
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
7454000 | ||
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
9739000 | ||
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
1773000 | ||
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-77524000 | ||
us-gaap |
Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
|
0 | ||
bnft |
Repurchase Of Convertible Senior Notes
RepurchaseOfConvertibleSeniorNotes
|
14619000 | ||
us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
0 | ||
us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
154000 | ||
bnft |
Cancellation Of Convertible Senior Notes Capped Call Hedge
CancellationOfConvertibleSeniorNotesCappedCallHedge
|
98000 | ||
bnft |
Cancellation Of Convertible Senior Notes Capped Call Hedge
CancellationOfConvertibleSeniorNotesCappedCallHedge
|
26000 | ||
us-gaap |
Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
|
0 | ||
us-gaap |
Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
|
79192000 | ||
us-gaap |
Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
|
4800000 | ||
us-gaap |
Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
|
2062000 | ||
us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
0 | ||
us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
9667000 | ||
us-gaap |
Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
|
322000 | ||
us-gaap |
Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
|
513000 | ||
bnft |
Payments On Financing Obligations
PaymentsOnFinancingObligations
|
226000 | ||
bnft |
Payments On Financing Obligations
PaymentsOnFinancingObligations
|
635000 | ||
bnft |
Payments Of Principle On Financing Lease Obligations
PaymentsOfPrincipleOnFinancingLeaseObligations
|
3902000 | ||
bnft |
Payments Of Principle On Financing Lease Obligations
PaymentsOfPrincipleOnFinancingLeaseObligations
|
8880000 | ||
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-107186000 | ||
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
43714000 | ||
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-78117000 | ||
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-22736000 | ||
CY2020Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
90706000 | |
CY2019Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
130976000 | |
CY2021Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
12589000 | |
CY2020Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
108240000 | |
us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
945000 | ||
us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
0 | ||
us-gaap |
Use Of Estimates
UseOfEstimates
|
<p style="margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-style:italic;font-size:9pt;font-family:Arial;text-transform:none;font-variant: normal;">Use of Estimates</p> <p style="margin-top:6pt;margin-bottom:0pt;text-indent:4.54%;font-size:9pt;font-family:Arial;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The preparation of financial statements in conformity with GAAP requires the Company to make estimates and assumptions that affect the reported amounts in the consolidated financial statements and accompanying notes. Such estimates include allowances for doubtful accounts and returns, valuations of deferred income taxes, long-lived assets, capitalizable software development costs and the related amortization, incremental borrowing rate used in lease accounting, the determination of the useful lives of assets, and the impairment assessment of acquired intangibles and goodwill. Additionally, as described in revenue and deferred revenue below, estimates are utilized in association with revenue recognition, in particular the estimation of variable consideration using the expected value method from insurance broker commissions reported in Platform revenue. Determination of these transactions and account balances are based on, among other things, the Company’s estimates and judgments. These estimates are based on the Company’s knowledge of current events and actions it may undertake in the future as well as on various other assumptions that it believes to be reasonable. Actual results could differ materially from these estimates.</p> | ||
CY2021Q2 | us-gaap |
Restructuring Charges
RestructuringCharges
|
2727000 | |
bnft |
Contract Cost Payment Term Description
ContractCostPaymentTermDescription
|
The Company capitalizes costs to obtain contracts that are considered incremental and recoverable, such as sales commissions. Payments of sales commissions generally include multiple payments. The Company capitalizes only those payments made within an insignificant time from the contract inception, typically three months or less. Subsequent payments are expensed as incurred. The capitalized costs are amortized to sales and marketing expense over the estimated period of benefit of the asset, which is generally four to five years. The Company expenses the costs to obtain a contract when the amortization period is less than one year. | ||
us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<p style="margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-style:italic;font-size:9pt;font-family:Arial;text-transform:none;font-variant: normal;">Concentrations of Credit Risk</p> <p style="margin-top:6pt;margin-bottom:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> <span style="font-size:9pt;font-family:Arial;">The Company’s financial instruments that are exposed to concentrations of credit risk consist primarily of cash equivalents, marketable securities, accounts receivable, and long-term securities. All of the Company’s cash and cash equivalents are held at financial institutions that management believes to be of high credit quality. The bank deposits of the Company might at times, exceed federally insured limits and are generally uninsured and uncollateralized. The Company has not experienced any losses on cash and cash equivalents to date.</span></p> <p style="margin-top:6pt;margin-bottom:0pt;text-indent:4.54%;font-size:9pt;font-family:Arial;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">To manage credit risk related to marketable securities, the Company invests in various types of highly rated corporate bonds, commercial paper, and various United States backed securities with maturities of less than two years. The weighted average maturity of the portfolio at time of investment must not exceed nine months, per the Company’s investment policy. Marketable securities with maturities of one year or less are classified as “Marketable securities” in the consolidated balance sheet. Securities with maturities exceeding one year, are included in the consolidated balance sheet within “Deferred cost and other non-current assets.” As of September 30, 2021, the Company had $3,056 of long-term securities.</p> <p style="margin-top:6pt;margin-bottom:0pt;text-indent:4.54%;font-size:9pt;font-family:Arial;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">To manage accounts receivable risk, the Company evaluates the creditworthiness of its customers and maintains an allowance for doubtful accounts. Accounts receivable are unsecured and derived from revenue earned from customers located in the United States. <span style="color:#000000;"> No customer exceeded 10% of accounts receivable as of September 30, 2021 and December 31, 2020. </span> No customer exceeded 10% of total revenue in any of the three and nine-month periods ended September 30, 2021 and 2020.</p> | ||
CY2021Q3 | us-gaap |
Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
|
16978000 | |
CY2020Q4 | us-gaap |
Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
|
17942000 | |
us-gaap |
Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
|
4800000 | ||
us-gaap |
Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
|
2062000 | ||
CY2021Q3 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-19654000 | |
CY2020Q3 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-5996000 | |
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-39971000 | ||
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-29456000 | ||
CY2021Q3 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
33354624 | |
CY2020Q3 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
32263876 | |
CY2021Q3 | us-gaap |
Capitalized Computer Software Additions
CapitalizedComputerSoftwareAdditions
|
1886000 | |
CY2020Q3 | us-gaap |
Capitalized Computer Software Additions
CapitalizedComputerSoftwareAdditions
|
2627000 | |
us-gaap |
Capitalized Computer Software Additions
CapitalizedComputerSoftwareAdditions
|
5625000 | ||
us-gaap |
Capitalized Computer Software Additions
CapitalizedComputerSoftwareAdditions
|
9199000 | ||
CY2021Q3 | us-gaap |
Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
|
2268000 | |
CY2020Q3 | us-gaap |
Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
|
2032000 | |
us-gaap |
Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
|
6589000 | ||
us-gaap |
Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
|
5278000 | ||
us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
12305868 | ||
CY2021Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-18054000 | |
CY2020Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-4396000 | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-35171000 | ||
us-gaap |
Net Income Loss
NetIncomeLoss
|
-27394000 | ||
CY2021Q3 | us-gaap |
Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
|
1600000 | |
CY2020Q3 | us-gaap |
Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
|
1600000 | |
CY2021Q3 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
11354253 | |
CY2020Q3 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
12305868 | |
us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
11354253 | ||
us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
32978394 | ||
us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
32320201 | ||
CY2021Q3 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.59 | |
CY2020Q3 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.19 | |
us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-1.21 | ||
us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.91 | ||
CY2021Q3 | us-gaap |
Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
|
81899000 | |
CY2021Q3 | us-gaap |
Debt Securities Available For Sale Accrued Interest After Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAccruedInterestAfterAllowanceForCreditLoss
|
0 | |
CY2021Q3 | bnft |
Available For Sale Securities Debt Securities Net Carrying Amount
AvailableForSaleSecuritiesDebtSecuritiesNetCarryingAmount
|
81899000 | |
CY2021Q3 | us-gaap |
Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
|
0 | |
CY2021Q3 | us-gaap |
Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
|
7000 | |
CY2021Q3 | us-gaap |
Available For Sale Securities Debt Securities Current
AvailableForSaleSecuritiesDebtSecuritiesCurrent
|
81892000 | |
CY2020Q4 | us-gaap |
Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
|
95085000 | |
CY2020Q4 | us-gaap |
Debt Securities Available For Sale Accrued Interest After Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAccruedInterestAfterAllowanceForCreditLoss
|
0 | |
CY2020Q4 | bnft |
Available For Sale Securities Debt Securities Net Carrying Amount
AvailableForSaleSecuritiesDebtSecuritiesNetCarryingAmount
|
95085000 | |
CY2020Q4 | us-gaap |
Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
|
6000 | |
CY2020Q4 | us-gaap |
Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
|
5000 | |
CY2020Q4 | us-gaap |
Available For Sale Securities Debt Securities Current
AvailableForSaleSecuritiesDebtSecuritiesCurrent
|
95086000 | |
CY2021Q3 | us-gaap |
Accounts Receivable Gross
AccountsReceivableGross
|
23547000 | |
CY2020Q4 | us-gaap |
Accounts Receivable Gross
AccountsReceivableGross
|
26791000 | |
CY2021Q3 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
192000 | |
CY2020Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
200000 | |
CY2021Q3 | bnft |
Accounts For Returns
AccountsForReturns
|
2987000 | |
CY2020Q4 | bnft |
Accounts For Returns
AccountsForReturns
|
4351000 | |
CY2021Q3 | us-gaap |
Accounts Receivable Net
AccountsReceivableNet
|
20368000 | |
CY2020Q4 | us-gaap |
Accounts Receivable Net
AccountsReceivableNet
|
22240000 | |
CY2020Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
200000 | |
CY2019Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
155000 | |
us-gaap |
Accounts Receivable Change In Method Credit Loss Expense Reversal
AccountsReceivableChangeInMethodCreditLossExpenseReversal
|
18000 | ||
us-gaap |
Accounts Receivable Change In Method Credit Loss Expense Reversal
AccountsReceivableChangeInMethodCreditLossExpenseReversal
|
187000 | ||
bnft |
Allowance For Doubtful Accounts Receivable Write Offs And Recoveries
AllowanceForDoubtfulAccountsReceivableWriteOffsAndRecoveries
|
26000 | ||
bnft |
Allowance For Doubtful Accounts Receivable Write Offs And Recoveries
AllowanceForDoubtfulAccountsReceivableWriteOffsAndRecoveries
|
44000 | ||
CY2021Q3 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
192000 | |
CY2020Q3 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
298000 | |
us-gaap |
Finance Lease Principal Payments
FinanceLeasePrincipalPayments
|
3902000 | ||
us-gaap |
Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
|
2598000 | ||
us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
362000 | ||
us-gaap |
Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
|
478000 | ||
us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
0 | ||
CY2021Q2 | bnft |
Number Of Buildings Leased
NumberOfBuildingsLeased
|
1 | |
CY2021Q2 | us-gaap |
Lease Expiration Date1
LeaseExpirationDate1
|
2028-05-31 | |
CY2021Q2 | us-gaap |
Finance Lease Impairment Loss
FinanceLeaseImpairmentLoss
|
4003000 | |
CY2020Q2 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
45 | |
CY2020Q2 | us-gaap |
Preferred Stock Dividend Rate Percentage
PreferredStockDividendRatePercentage
|
0.0800 | |
CY2020Q2 | bnft |
Preferred Stock Redemption Percent Of Stated Value
PreferredStockRedemptionPercentOfStatedValue
|
1.05 | |
CY2020Q2 | bnft |
Shares Will Beneficially Own In Excess Of Shares Of Common Stock Outstanding
SharesWillBeneficiallyOwnInExcessOfSharesOfCommonStockOutstanding
|
0.199 | |
CY2020Q2 | bnft |
Common Stock Shares Outstanding Ownership Percentage
CommonStockSharesOutstandingOwnershipPercentage
|
0.199 | |
CY2020Q2 | bnft |
Percentage Of Hold Shares Of Preferred Stock Originally Purchased
PercentageOfHoldSharesOfPreferredStockOriginallyPurchased
|
0.10 | |
bnft |
Debt Instrument Consecutive Trading Days
DebtInstrumentConsecutiveTradingDays
|
20 | ||
CY2021Q3 | us-gaap |
Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
|
10955374 | |
CY2021Q3 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
95000000 | |
CY2021Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
97553 | |
CY2021Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
|
3642298 | |
CY2021Q3 | us-gaap |
Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
|
10955374 | |
CY2020Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
50000000 | |
CY2021Q3 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
95000000 | |
CY2021Q3 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
62026000 | |
CY2020Q3 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
63583000 | |
us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
187993000 | ||
us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
191911000 | ||
CY2020Q4 | us-gaap |
Contract With Customer Asset Net
ContractWithCustomerAssetNet
|
15105000 | |
CY2020Q4 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
32204000 | |
CY2019Q4 | us-gaap |
Contract With Customer Asset Net
ContractWithCustomerAssetNet
|
16685000 | |
CY2020Q2 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
32782000 | |
us-gaap |
Capitalized Contract Cost Impairment Loss
CapitalizedContractCostImpairmentLoss
|
0 | ||
CY2021Q3 | us-gaap |
Contract With Customer Asset Reclassified To Receivable
ContractWithCustomerAssetReclassifiedToReceivable
|
0 | |
us-gaap |
Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
|
26677000 | ||
CY2021Q3 | us-gaap |
Contract With Customer Performance Obligation Satisfied In Previous Period
ContractWithCustomerPerformanceObligationSatisfiedInPreviousPeriod
|
609000 | |
us-gaap |
Contract With Customer Performance Obligation Satisfied In Previous Period
ContractWithCustomerPerformanceObligationSatisfiedInPreviousPeriod
|
2713000 | ||
CY2021Q3 | us-gaap |
Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
|
255000000 | |
CY2021Q3 | us-gaap |
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
|
P3Y | |
bnft |
Percentage Taxable Income On Utilization Of Net Operating Loss In Indefinite Life Period Tax Cuts And Jobs Act Of2017
PercentageTaxableIncomeOnUtilizationOfNetOperatingLossInIndefiniteLifePeriodTaxCutsAndJobsActOf2017
|
0.80 | ||
us-gaap |
Number Of Operating Segments
NumberOfOperatingSegments
|
1 | ||
us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
1241000 | ||
CY2020Q3 | us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
2594000 | |
us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
12525000 | ||
CY2020Q1 | us-gaap |
Finance Lease Principal Payments
FinanceLeasePrincipalPayments
|
3993000 | |
CY2020Q1 | bnft |
Prepaid Rent Discount Rate
PrepaidRentDiscountRate
|
0.17 | |
CY2020Q4 | us-gaap |
Due To Related Parties Current
DueToRelatedPartiesCurrent
|
667000 |